The Beck Bank Bailout: Glenn Beck Championed the Wall Street Bailout He Now Criticizes

by: David Sirota

Mon Sep 21, 2009 at 15:38


I wrote a newspaper column this week noting the rank hypocrisy in political and media circles when it comes to their supposed concerns about the deficit. I noted that Tea Party protesters are among the biggest hypocrites - and chief among them is political terrorist Glenn Beck, because, as you'll see, the truth is the bailout is the Beck Bank Bailout.

As Frank Rich notes, Beck has been promoting himself not only as a racist culture warrior, but as an economic populist who rails on government giveaways to Wall Street. In that sense, he's sort of trying to be a neo-Buchananite...except, there's just one problem with his economic argument: Glenn Beck championed the Wall Street bailout he claims to be leading the fight against. In fact, when progressives were fighting tooth and nail against the bailout (and taking significant criticism for doing so) Beck was promoting it, offering criticism only for it not being bigger:

"I think the bailout is the right thing do. The "REAL STORY" is the $700 billion that you're hearing about now is not only, I believe, necessary, it is also not nearly enough, and all of the weasels in Washington know it." - Glenn Beck, CNN, 9/22/08

That's right - this is the Beck Bank Bailout. So the next time you hear Glenn Beck railing on government spending and corporate giveaways and the failure to crack down on Wall Street largesse, remember - Glenn Beck is railing on the very largesse that Glenn Beck intensely promoted and supported on the national Glenn Beck television show.

(huge h/t to Jenkins Ear and ThinkProgress)

NOTE: Beck sometimes calls the stimulus bill a "bailout" - but let's be clear: As you can see from the transcript, he's referring not to the stimulus bill, but to the TARP bailout that he now rails on.

UPDATE: Time magazine, and its reporter David Von Drehle, just published a cover story puff piece on Beck. The fact that the magazine devoted substantial resources to such a piece - and didn't bother to even mention this central hypocrisy of Beck - is not only an absolute embarrassment, it shows exactly why journalism is in a severe crisis.

David Sirota :: The Beck Bank Bailout: Glenn Beck Championed the Wall Street Bailout He Now Criticizes

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Nice catch (4.00 / 1)
Although the fact remains that Beck, unlike most elite Dems, has the political sense to oppose Wall Street.

Beck was tapped by The Family (0.00 / 0)
to be the Establishment version of Alex Jones.

To what end? To reanneal the Ron Paul types to the right-wing electorate.

It's their only path to electoral victory.

At least they comprehend strategy, the same cannot be said of Obama.


Whodathunk... (0.00 / 0)
...that Beck would have been on the same side as CheneyBush, Paulson, Obama, Biden and the D leadership?

Video (0.00 / 0)
linked from a Glenn Greenwald post from a few days ago:



"I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that."
-Lawrence Summers


Forgetting on Friday what you said on Monday is part of the game (4.00 / 3)
It's sort of a neo-oral tradition with no memory, where what feels good right now is the only truth. It's at the borders between truth and fiction, entertainment and politics, hot air and murderous provocation, and guys like Beck have a whole bag of tricks by which they evade consequences for what they've said.

A lot of his mannerisms are cute bad boy mannerisms, the kinds of things that little boys to turn away punishment.

It's classic demagoguery and charlatanism. I wouldn't be surprised if Beck has a getaway bag so that he can escape to somewhere safe if people catch on with him.

The real story, though, is the number of non-crazy people who play along with him, ignore him, or tacitly approve of him because he's on their side. Serious conservatives know that the average American wouldn't approve of their philosophy if they knew what it was, so they can't really avoid relying on deceivers and mystagogues.


David Sirota's article quotes Beck supporting the... (4.00 / 1)
...Bank Bailout Bill, but doesn't quote him opposing it.

Both quotes would be needed to show Beck contradicting himself.



Indeed! Showing such quotes side by side... (0.00 / 0)
...would make an even stronger point of the hypocrisy of that lying demagogue!

[ Parent ]
Katie Couric (4.00 / 1)
Will have Glenn Beck as her first guest on her groundbreaking new weekly online journalistic interview endeavor next week, @katiecouric.  Perhaps she'll ask Beck some hard-hitting questions about his flip-flop on the bailout?  Perhaps she'll ask him how he chose to target Van Jones after Color of Change led more than 60 sponsors to drop The Glenn Beck Show?  Perhaps she'll ask Beck about poisoning Nancy Pelosi, or 'burying Obamacare with Kennedy,' or whether he still hates the families of 9/11 victims for all their 'whining?'

You remember all those tough questions she asked Rush Limbaugh when she profiled him during her first week in the CBS anchor chair, right?


Good Catch. Apology (0.00 / 0)
Good catch, Mr. Sirota.

I must admit that when I first read the post (via RSS feed in Google Reader), I thought you had taken the statement of Glenn Beck out of context, that maybe he had been satirizing someone or was posing a question to a guest by summarizing their position. It just seemed so unlike everything else Beck ever says on his show(s). I read the CNN transcript, and have to admit that no, he full-out stated that he thought the TARP bailout was a good idea, and he supported it.

Disclaimer: I am a conservative libertarian who also listens to and enjoys Beck's radio show. I read OpenLeft to try and get new ideas and expand my daily news, despite how the wildly different opinions can be frustrating. Posts like this justifty the hair-pulling. Thanks, and Kudos.


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