What a lovely graph. I wonder if it contains any real data. House prices certainly more than doubled between 1970 and 1990, but not on Glenn Beck's graph! As someone watching the real estate market between 1970 and 1990, I'd conclude Beck made that graph up, except for the 2002-2006 boom (and bust).
I'm not surprised. Beck makes a lot of stuff up and claims special knowledge not backed by facts quite often.
The graph did show a spike in the 1970s. And the whole point behind it is to focus on the 2002-2006 boom and bust, so I dunno why you got your undies in a twist. Probably because it's Glenn Beck who's doing the talking which today is enough reason for people to cry foul.
"here's the socialism point here " what and idiot... And all these guys, Hannity, Libaugh, Beck, not only have they not studied economics in college, they also all dropped out of college. Alan Greenspan admitted that his monetary policies have contributed to the current recession, but these nitwits attend a few seminars and think they can pull out graphs out their asses and explain the state of the economy in 2 minutes.
He cut taxes and froze government spending which sent everything out of balance. Too late, he realized that it wasn't working and he actually tried to set up things like Agricultre Marketing Act, which was extremely similar to FDR's AAA, but it wasn't rejected by Congress. Plain and simple it wasn't the Fed.
Well, Mr. Beck, it wasn't the Fed that caused the Great Depression, it was the massive difference between the poor and the wealthy as well as the conservative fiscal policies of Herbert Hoover once the market initially showed signs of slowing down.
When are the masses going to realize the rules of the system. The rules are what goes up must come down. When they just go up we see mass inflation. On the flip side they always come down. So when they come down we get a double whammy with picking up the slack in inflation. That is where bankers make their money. Buy it for pennies on the dollar then resell it for asking price... Plus interest added they make at least double the investment. Which by the way the investment is made up money...
albanian proud people support the great amarican glenn beck and georg w. bush and father bush!help albania much!NOT LIKE OBAMA NIGGAR who like dirty greece!
The reason poor Countries are poor, banks are bankrupt, people are loosing jobs & some are getting kicked out of their homes is because of Free Market (Free Trade) Capitalism. This is "GLOBALIZATION". This is Financial Imperialism & Economic Slavery. The world is sick & tired of Slavery! We have had enought of Empires! It's time for the world to "Grow-Up". Say Fu*k you to Globalization & those who support it. Google: LPACTV: Audio Preview, The LaRouche Plan
@gkgreger No, stoping free trade and capitolism is what makes countries poor and bankrupt. You have it backwards. Capitolism is what our country was founded on and that is what God taught Isreal in the bible. Socialism is what ruins a country and that is what we are headed toward!
@eboyd32 Excuse me, but yes I do. Capitolism comes from the concept of producing capitol, the fruits of yoiur labor, where as socialism is government run economy and programs. Unfortunatly, a lot of these government programs are being abused by people who are irresponsible and don't want to be accoutable for their actions. A lot of these programs take away a person's need to save, work and be financially responsible for themselves.
@Smartguy561 wrong. capitalism means "private property over the means of production". socialism, in its true/original definition, means "workers control over the means of production". by this definition, "government run economy", and, by extension, the USSR, Cuba, Vietnam, etc., are the antithesis of socialism. true socialists are in favor of worker run collective businesses, free from capitalist hierarchy. we see government as a temporary cage to save us from the predator which is big business.
@supercrazylegs1 that's why i'm not a Marxist. Bakunin was right when he told Marx at the first international that his idea of a temporary dictatorship of the proletariat would never work and would lead to a regime as bad or worse than that of the fascists. i'm an anarchist. we are the original socialists. Marx was directly influenced by Proudhon who created the first fully developed socialist economic concept called mutualism -- a form of individualist anarchism.
What a lovely graph. I wonder if it contains any real data. House prices certainly more than doubled between 1970 and 1990, but not on Glenn Beck's graph! As someone watching the real estate market between 1970 and 1990, I'd conclude Beck made that graph up, except for the 2002-2006 boom (and bust).
I'm not surprised. Beck makes a lot of stuff up and claims special knowledge not backed by facts quite often.
drfoxcourt 1 year ago
@drfoxcourt
The graph did show a spike in the 1970s. And the whole point behind it is to focus on the 2002-2006 boom and bust, so I dunno why you got your undies in a twist. Probably because it's Glenn Beck who's doing the talking which today is enough reason for people to cry foul.
regelemihai 10 months ago
Oh of course. Beck takes something big and uses it to attack the left
dragonsder 1 year ago
ooh look at the Intellectual Beck
Masteruny 1 year ago
"here's the socialism point here " what and idiot... And all these guys, Hannity, Libaugh, Beck, not only have they not studied economics in college, they also all dropped out of college. Alan Greenspan admitted that his monetary policies have contributed to the current recession, but these nitwits attend a few seminars and think they can pull out graphs out their asses and explain the state of the economy in 2 minutes.
kleinmensa 1 year ago
He cut taxes and froze government spending which sent everything out of balance. Too late, he realized that it wasn't working and he actually tried to set up things like Agricultre Marketing Act, which was extremely similar to FDR's AAA, but it wasn't rejected by Congress. Plain and simple it wasn't the Fed.
wcltboy1 1 year ago
Well, Mr. Beck, it wasn't the Fed that caused the Great Depression, it was the massive difference between the poor and the wealthy as well as the conservative fiscal policies of Herbert Hoover once the market initially showed signs of slowing down.
wcltboy1 1 year ago
THE FED HAD LITTLE TO DO WITH THE DEPRESSION. It was a problem with margin- loans.
Nerdbil 1 year ago
Good one Glenn, another observation i would love to see the left try to argue with.
TheKickerboy99 2 years ago
When are the masses going to realize the rules of the system. The rules are what goes up must come down. When they just go up we see mass inflation. On the flip side they always come down. So when they come down we get a double whammy with picking up the slack in inflation. That is where bankers make their money. Buy it for pennies on the dollar then resell it for asking price... Plus interest added they make at least double the investment. Which by the way the investment is made up money...
ctrackmonger 2 years ago
albanian proud people support the great amarican glenn beck and georg w. bush and father bush!help albania much!NOT LIKE OBAMA NIGGAR who like dirty greece!
people stop greek!the uncivilize usa!
andytsa 2 years ago
Hey Glenn Beck,
Correlation does not imply causation! I see some post hoc ergo propter hoc fallacies in there too.
jrlaker 2 years ago 2
DANCE WITH SMURFS BITCH!!
tra12345iscool 2 years ago
hah nice.
I'm glad the south park republicans disagree with this rodeo clown.
IRHari 2 years ago
This weekend, we join the United Nations in the formation of a
world government. The New World Order is upon us
The United Socialist Republic Of America will rule the world.
drbotanus 2 years ago
Glenn Beck is sick with Fix News.
susanbird1 2 years ago
The reason poor Countries are poor, banks are bankrupt, people are loosing jobs & some are getting kicked out of their homes is because of Free Market (Free Trade) Capitalism. This is "GLOBALIZATION". This is Financial Imperialism & Economic Slavery. The world is sick & tired of Slavery! We have had enought of Empires! It's time for the world to "Grow-Up". Say Fu*k you to Globalization & those who support it. Google: LPACTV: Audio Preview, The LaRouche Plan
gkgreger 2 years ago 2
@gkgreger No, stoping free trade and capitolism is what makes countries poor and bankrupt. You have it backwards. Capitolism is what our country was founded on and that is what God taught Isreal in the bible. Socialism is what ruins a country and that is what we are headed toward!
Smartguy561 1 year ago 2
@Smartguy561 you don't even know the definitions of socialism and capitalism.
eboyd32 1 year ago
@eboyd32 Excuse me, but yes I do. Capitolism comes from the concept of producing capitol, the fruits of yoiur labor, where as socialism is government run economy and programs. Unfortunatly, a lot of these government programs are being abused by people who are irresponsible and don't want to be accoutable for their actions. A lot of these programs take away a person's need to save, work and be financially responsible for themselves.
Smartguy561 1 year ago
@Smartguy561 wrong. capitalism means "private property over the means of production". socialism, in its true/original definition, means "workers control over the means of production". by this definition, "government run economy", and, by extension, the USSR, Cuba, Vietnam, etc., are the antithesis of socialism. true socialists are in favor of worker run collective businesses, free from capitalist hierarchy. we see government as a temporary cage to save us from the predator which is big business.
eboyd32 1 year ago
@eboyd32 The problem with socialism is that that never works because no government control is ever temporary.
supercrazylegs1 1 year ago
@supercrazylegs1 that's why i'm not a Marxist. Bakunin was right when he told Marx at the first international that his idea of a temporary dictatorship of the proletariat would never work and would lead to a regime as bad or worse than that of the fascists. i'm an anarchist. we are the original socialists. Marx was directly influenced by Proudhon who created the first fully developed socialist economic concept called mutualism -- a form of individualist anarchism.
eboyd32 1 year ago
@Smartguy561
Yeah Sweden is totally ruined.....
newdimensionfilms 1 year ago
Long time ago: Evita Peron and her husband was the new hot political superstars in Argentina........well,Argentina never got back on her feet again!
pepsiwatersugar 2 years ago
printing in large neat capitals -
DOWN WITH BIG BROTHER
DOWN WITH BIG BROTHER
DOWN WITH BIG BROTHER
DOWN WITH BIG BROTHER
DOWN WITH BIG BROTHER
over and over again, filling half a page.
annoyingu4fun 2 years ago
This has been flagged as spam show
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SacredCowStreetTeam 2 years ago