Glenn begins this program speaking about the Smoot Hawley Act (tariffs) that helped create the second depression inside the depression with a great chart from the Wall Street Journal that shows how the current administration is following the course of FDR. He then covers Austin Goolsbee’s ‘White House White Board’ class for us stupid moos when it comes to the Bush Tax cuts though Beck does call them the Obama Tax Increases. What Beck, once again, leaves out is the fact that if the federal government did not have the private banking cartel known as The Federal Reserve providing them with a credit card, we wouldn’t be $14 Trillion in debt. My choice isn’t between tax cuts or tax increases, it’s between real money or fiat money.
Glenn Beck, 10.5.10: Tariffs, Goolsbee, Economic Collapse & George Soros
by Logistics Monster | Oct 5, 2010 | Economy, New World Order, The Federal Reserve