No. 15 The Fed Hoards Its Profits

Beck Complains That “Nobody” Is Looking To Recover The Fed's Profits. During a January interview with Sarah Palin, Beck discussed the Federal Reserve's 2009 profits, and claimed, “Exxon had their record profit a couple of years ago. It was $45 billion. The Fed just had record profit, over $50 billion. No one's having hearings on the Fed. Nobody is looking for a windfall profit tax on the Fed. We can't even open the Fed's books.” [Fox News, Glenn Beck,1/13/10, via Nexis]

REALITY: The Fed “Returns Its Profits To The Treasury.” The Washington Post reported that the Federal Reserve “will return about $45 billion to the U.S. Treasury for 2009 ... the highest earnings in the 96-year history of the central bank. The Fed, unlike most government agencies, funds itself from its own operations and returns its profits to the Treasury.” The Post added that these profits “are good news for the federal budget and a sign that the Fed has been successful, at least so far, in protecting taxpayers as it intervenes in the economy -- though there remains a risk of significant losses in the future if the Fed sells some of its investments or loses money on its stakes in bailed-out firms.” [The Washington Post, 1/12/10]

No. 14 Tax Dollars Funded An Art Exhibit Actually Paid For By Private Donors

BECK: “And Then You Have The Tax Dollars Funding This Wonderful Art Display. It's Christmas At The Smithsonian.” Beck said of an exhibit at the Smithsonian's National Portrait Gallery, which is titled “Hide/Seek: Difference and Desire in American Portraiture”:

Perfect storm. Eroding values. Hard work, sacrifice, thrift, honor, truth, God. As a nation born out of faith in God, how's that going today, huh? Twenty-five percent of those under 30 years of age describe their religion as atheist, agnostic, or nothing in particular. Now, as you get older, it goes down. Thirty to 40 years old, only 19 percent. Ages 40 to 50, 15 percent. If you're over 60, less than 10 percent say that.

And then you have the tax dollars funding this wonderful art display. It's Christmas at the Smithsonian. Here's this wonderful -- oh, look, it's Jesus with ants on him. They describe it as the first major exhibition to focus on the sexual difference in the making of modern American portraiture.

What? You got to be kidding me, right? What does this have to do with the birth of the baby Jesus, and why is he now covered in ants? Whose values are these? And you wonder why there's the breakdown of the family. [Fox News, Glenn Beck, 11/30/10]

REALITY: Smithsonian “Receives Public Funds” But “Does Not Use That Money For Exhibitions.” The Washington Post reported:

The exhibition, which opened Oct. 30, was funded by the largest number of individual donors for a Portrait Gallery show. The show, which cost $750,000, was also underwritten by foundations that support gay and lesbian issues.

[...]

As part of the Smithsonian, the gallery receives public funds. Overall, the Smithsonian gets about 70 percent of its annual budget from the federal government, but it does not use that money for exhibitions. [The Washington Post, 11/30/10]

No. 13 Obama Did Not Make Oil Spill “Our Priority”

BECK: Obama Did Not Prioritize The Oil Spill. Beck falsely claimed that Obama did not prioritize ending the oil spill in the Gulf:

BECK: What are we doing now with the spill? If this were really about the spill, we would first work on, what? Stopping this!

Before talking about energy and taxes and cap and trade or solar panels or saying, “Don't tell me that we can't fundamentally transform the country into solar panels and green energy.” You would stop the oil spill. You would get a tourniquet. This should be our priority. But it's not. [Fox News, Glenn Beck, 6/17/10]

REALITY: Obama Said “Make No Mistake: We Will Fight This Spill With Everything We've Got For As Long As It Takes.” During an address from the Oval Office prior to Beck's claim, Obama stated: “But make no mistake: We will fight this spill with everything we've got for as long as it takes. We will make BP pay for the damage their company has caused. And we will do whatever's necessary to help the Gulf Coast and its people recover from this tragedy.” [Remarks By The President To The Nation On The BP Oil Spill, WhiteHouse.gov, 6/15/10]

REALITY: Obama Had Called The Spill “My Top Priority.” During an earlier press conference, Obama said: “Those who think that we were either slow on our response or lacked urgency don't know the facts. This has been our highest priority since this crisis occurred.” He also said, " But here's the broad point: There has never been a point during this crisis in which this administration, up and down up the line, in all these agencies, hasn't, number one, understood this was my top priority -- getting this stopped and then mitigating the damage; and number two, understanding that if BP wasn't doing what our best options were, we were fully empowered and instruct them, to tell them to do something different." [Remarks By The President On The Gulf Oil Spill, WhiteHouse.gov, 5/27/10]

No. 12 U.S. Sending “Another Trillion Dollars, Your Tax Dollars” Over To Europe

BECK: “Now We Find Out Through The Fed That We Are Going To Do Almost Another Trillion Dollars, Your Tax Dollars, Over To Europe.” Discussing efforts by the International Monetary Fund to stabilize European economies, Beck said:

BECK: We also told you that the IMF would bail out Europe. Here we were on this program, oh, I don't know how many months ago. Watch.

BECK [video clip]: We're not only bailing ourselves out, Fannie and Freddie, but now we're trying to bail out Europe as well. The European Union, along with the IMF, is giving $1 trillion to Greece -- $1 trillion. The U.S. contributes 17 percent of the IMF funds.

BECK: OK. So, we told you that, and nobody really paid attention. Now we find out, through the Fed, that we are going to do almost another trillion dollars, your tax dollars, over to Europe.

We also found out that we have sent $3.3 trillion in our bailout, a lot of it went over to Europe, went over to France, went to Germany, Spain, et cetera, et cetera. And we're sending more. [Fox News, Glenn Beck, 12/2/10]

REALITY: The WSJ Reported, “The U.S. Isn't Discussing A Larger International Monetary Fund Contribution To The European Rescue Package.” The Wall Street Journal reported:

The U.S. isn't discussing a larger International Monetary Fund contribution to the European rescue package, a U.S. official said Wednesday.

European Commission officials have been discussing whether to increase the EUR750 billion rescue package as a way to handle possible sovereign debt problems in Spain and other countries. A bigger fund would likely include a larger financial contribution from the IMF, which now is committed to spending as much as EUR250 billion on euro-zone rescue loans.

(This story and related background material will be available on The Wall Street Journal Web site, WSJ.com.)

U.S. Undersecretary of Treasury Lael Brainard is now in Germany discussing the Europe's plans to contain the euro zone's sovereign debt woes. A U.S. official said those talks don't now include a larger IMF contribution. [The Wall Street Journal, 12/1/10]

REALITY: AP Reported That A U.S. Official “Said That An Addition To The IMF Support Package Was Not Something That Was Being Discussed Currently.” The Associated Press reported:

A U.S. official, who would speak only on condition of anonymity because discussions were still ongoing, said that an addition to the IMF support package was not something that was being discussed currently.

Treasury Secretary Timothy Geithner did dispatch Treasury Undersecretary Lael Brainard, Treasury's top official on international matters, for talks with European officials. Brainard had meetings in Madrid with economic officials on Wednesday and was scheduled to be in Berlin on Thursday and Paris on Friday.

The U.S. “can't afford to let Europe implode,” said David Gilmore of Foreign Exchange Analytics. But the reported statement by the U.S. official does not necessarily mean that the U.S. has already agreed to a deal allowing the IMF to contribute more money or that it will pony up more money for Europe itself.

Investors were relieved by the implication that the EU and the IMF might be assembling a larger bailout fund, Gilmore said, because of the threat of there not being enough funds for Spain, should it need a rescue.

A spokesman for the EU's monetary affairs chief Olli Rehn said he had not heard of talks about extending the EFSF fund. [Associated Press, 12/1/10]

No. 11 Beck Time Travels To 1995 To Show George Soros “Didn't Mince Words” In 2004

BECK: In 2004, Soros Called The Election “Not A Normal Election,” And Said That “In Periods Of Regime Change, Normal Rules Do Not Apply.” Accusing financier and philanthropist George Soros of setting up a “shadow party” to interfere in the 2004 elections, Beck cited David Horowitz and Richard Poe's The Shadow Party and said:

BECK: A shadow party is not a political party, it is a -- at least not in a tangible sense. It works outside the normal electoral system. In 2000, Soros funded one-third of the shadow conventions. Do you even remember these? They were run by Arianna Huffington, the president's favorite source of news. And one of the lead organizers next to her was Jim Wallis, one of the guys who is campaigning against this program, surprise, surprise.

The idea was to parallel the Democratic and Republican conventions -- the shadow convention. Huffington said at the time, the message of the shadow conventions was, quote, “Not left or right, and the answers to these issues are not going to be found in the old ideas of the past. Clearly, the Great Society solution of top-down programs has failed.” Top-down programs. “Instead, the answers could be found in the raw power,” quoting, “of government appropriations.” Wow.

But it was the next election cycle that truly launched the shadow party. In 2004, when Soros didn't mince words, he stated, quote, “This is not a normal election. These are not normal times.” And, quote, “I do not accept the rules imposed by others. If I did, I would not be alive today. And in periods of regime change, normal rules do not apply. One needs to adjust one's behavior to the changing circumstances.”

By the 2004 election cycle, Soros' shadow party had shaped the Democratic message. Under Soros, the guidance of the shadow-party infrastructure had assumed the coherent shape by early 2004. They were seven extensively independent nonprofit groups, which included MoveOn.org that would help the Democrats. Really? [Fox News, Glenn Beck, 11/09/10, emphasis added]

REALITY: Soros Said “I Do Not Accept The Rules Imposed By Others” And “In Periods Of Regime Change, Normal Rules Do Not Apply” In 1995 - Not 2004. Those comments are actually from the 1995 book Soros on Soros: Staying Ahead of the Curve:

KRISZTINA KOENEN (Frankfurter Allgemeine Zeitung): You have been accused of playing by your own rules and changing the rules when it suits you.

SOROS: I plead guilty. I do not accept the rules imposed by others. If I did, I would not be alive today. I am a law-abiding citizen, but I recognize that there are regimes that need to be opposed rather than accepted. And in periods of regime change, the normal rules don't apply. One needs to adjust one's behavior to the changing circumstances.

Look at the tremendous changes I have gone through on a personal level. Consider my career as a philanthropist. In the beginning, I avoided any personal involvement. I sought to remain anonymous and shunned publicity. Later, when the revolution gathered momentum, I accepted the fact I was deeply involved. After 1989, I actively sought to gain a hearing for my views. That alone was a major change. At the same time, I continued to abstain from doing business in Eastern Europe. Now, I have given that up to. The reversal from my starting point, when I dissociated myself from my philanthropy, is complete. I accept everything that I do, whether as an investor or as a benefactor as an integral part of my existence. And I am very happy about it because in a sense my whole life has been one long effort to integrate various facets of my existence.

There is a remarkable parallel in the evolution of my attitude toward philanthropy and my attitude toward making money. At first, I didn't want to identify myself with my business career. I felt there was more to me than making money. I kept my private life strictly separate from my business. Then I went through a rough patch in 1962, when I was practically wiped out, and it affected me deeply. I had some psychosomatic symptoms, like vertigo. It made me realize that making money is an essential part of existence. Now I am completing the process by doing away with the artificial separation between my activities as investor and as philanthropist.

The internal barriers have crumbled and I am all of one piece. It gives me a great sense of fulfillment. I realize that I cut a larger-than-life figure and I feel ambivalent about that. On one hand, I find it gratifying, but on the other, the sheer magnitude of my activities, both in business and in philanthropy, makes me uneasy. I must admit that I wanted it that way and I probably could not feel all of a piece if I weren't larger than life. It makes me somewhat abnormal and that is the source of malaise. Still, it is better to have abnormal accomplishments than to harbor abnormal ambitions. For the first 50 years of my life, I felt as if I had a guilty secret now it is out in the open and I am proud of what I have accomplished. [Soros on Soros, Pages 145-146, emphasis added]

No. 10 “Every Single American Who Invests” Earns More Than $250,000 Per Year

BECK: President Obama Proposed To Increase The Capital Gains Tax On “Every Single American Who Invests.” Beck falsely said that Obama “sought to raise the capital gains tax, which affects every single American who invests, which -- I know that sounds like the big Wall Street fat cats, but if you have a 401(k), that would be you.” [Fox News, Glenn Beck, 4/7/10]

REALITY: Obama Proposed Capital Gains Increase Only On “Upper-Income” Earners. The White House budget for fiscal year 2011 called for reinstating the 20 percent capital gains tax rate only on families with income greater than $250,000 and on individuals with income greater than $200,000. [Budget of the United States Government, Fiscal Year 2011]

No. 9 Rauf Is Not A “Peaceful Muslim” Because Someone Else Said Something Nine Years Ago

BECK: “Would A Moderate Imam, A Peaceful Imam Employ Another Imam Who” Said 9-11 Attacks Were “The Jews' Fault”? Discussing Imam Feisal Abdul Rauf, who is a member of the board of trustees at the Islamic Center of New York and who is spearheading efforts to build an Islamic community center in Manhattan, Beck claimed:

Now, let me ask you this: would a moderate imam, a peaceful Muslim employ another imam who told an Arabic language Web site that, quote, “Only the Jews could have perpetrated the 9/11 attack.” That kind of sounds like Jeremiah Wright, doesn't it?

And if Americans only knew that it was the Jews' fault, they, quote, “would have done to Jews what Hitler did,” end quote. And that Jews, quote, “disseminate corruption in the land and spread heresy, homosexuality, alcoholism and drugs.” Oh, that's the kind of moderate imam I've been looking for right there at ground zero. How about you? [Fox News, Glenn Beck, 8/10/10, via Nexis]

REALITY: Comments Attributed To Muhammad Gemeaha. In October 2001, the Middle East Media Research Institute posted a translation of an October 4, 2001, interview that Muhammad Gemeaha gave to the website lailatalgadr.com:

Q: “Does this mean that the Jewish element played a role in igniting the flame of fitna (internal strife)?”

Gamei'a: “The Jewish element is as Allah described it when he said: 'They disseminate corruption in the land.' We know that they have always broken agreements, unjustly murdered the prophets, and betrayed the faith. Can they be expected to live up to their contracts with us? These people murdered the prophets; do you think they will stop spilling our blood? No.” “You see these people (i.e. the Jews) all the time, everywhere, disseminating corruption, heresy, homosexuality, alcoholism, and drugs. [Because of them] there are strip clubs, homosexuals, and lesbians everywhere. They do this to impose their hegemony and colonialism on the world.” “Now, they are riding on the back of the world powers. These people always seek out the superpower of the generation and develop coexistence with it. Before this, they rode on the back of England and on the back of the French empire. After that, they rode on the back of Germany. But Hitler annihilated them because they betrayed him and violated their contract with him.” “We saw these Zionists, just one hour after the event, broadcasting on the BBC, the biggest media channel, that the Arabs, and particularly the Palestinians, were celebrating and rejoicing over the American deaths. [To do this] they broadcast a video from 1991, [filmed] during the Iraqi invasion of Kuwait. But Allah thwarted them when a professor from a Brazilian university stated that the video was a forgery, because she had a copy of it. These people have a script prepared in advance, and they have the ability to fabricate events in their favor.”

[...]

Q: “What about the American president's declarations that the war that the U.S. is waging is a crusade?”

Gamei'a: “Herein lies the danger. As President Bush said, this is a crusade against Islam and against Muslims, but the American people are innocent in this matter, because the war was planned falsely.” “This war will destroy everything. This is [the kind of] war that the American president tried to avoid, when he [tried] to take back what he said. He went to the Islamic center in Washington and took back his words, but he did this only after he incited the souls and revealed what happened behind the scenes of American policy.” “For this reason, I advise every Arab and every Muslim leader not to offer any aid whatsoever to the oppressing superpower [to help it] attack Muslims, because this is a betrayal of Allah and his Prophet...” “On the news in the U.S. it was said that four thousand Jews did not come to work at the World Trade Center on the day of the incident, and that the police arrested a group of Jews rejoicing in the streets at the time of the incident... This news item was hushed up immediately after it was broadcast... The Jews who control the media acted to hush it up so that the American people would not know. If it became known to the American people, they would have done to the Jews what Hitler did! ...” [The Middle East Media Research Institute, 10/10/01]

REALITY: NY Times: Gemeaha Departed Islamic Cultural Center Of New York City Before Making Those Comments. The New York Times reported:

Three days after the terrorist attack on the United States, Sheik Muhammad Gemeaha, leader of a prominent mosque on East 96th Street in Manhattan, delivered a sermon in English to an interfaith audience calling for peace, healing and love among people of all religions.

Two weeks later, he suddenly moved his family back to Cairo, telling an Arabic-language newspaper that he left because his family had been threatened at their home on the Upper West Side. He sent a letter of resignation to the mosque.

His departure from the Upper East Side mosque, the Islamic Cultural Center of New York City, which regularly draws 4,000 Muslims for Friday prayers, comes amid questions about an interview he reportedly gave to an Arabic Web site on Oct. 4 saying that Muslims in America were being persecuted, that their children were being poisoned by Jewish doctors in American hospitals, and that ''Zionists'' in command of the nation's air traffic control towers aided the suicide hijackings. [The New York Times, 10/23/01]

REALITY: Conservative Author David Horowitz: Gemeaha Left ICC Before Comments. David Horowitz wrote:

Rauf is a permanent trustee of an Islamic Cultural Center (ICC) which his father founded in New York City. Until September 28, 2001 -- seventeen days after 9/11 -- the ICC employed Imam Sheik Muhammad Gemeaha, who later would say that “only the Jews” could have perpetrated the 9/11 attacks; that if Americans only knew about this Jewish culpability, “they would have done to Jews what Hitler did”; and that Jews “disseminate corruption in the land” and spread “heresy, homosexuality, alcoholism, and drugs.” [DiscoverTheNetworks.org]

REALITY: NY Times: Head of Islamic Center's board was “outraged” by comments. The New York Times also reported that Mohammad Adbullah Abulhasan, “who heads the mosque's board,” criticized the comments, saying they did “not represent at all the policy and the beliefs of the Islamic Cultural Center.” A November 2, 2001, New York Times article further reported that Abulhasan was “outraged” by the comments, which he said “did not reflect the position of the mosque”:

Ambassador Abulhasan said that he was outraged by the remarks and stressed that they did not reflect the position of the mosque. He said he had expressed his displeasure to Imam Gemeaha in a call to Cairo.

He said he told Sheik Gemeaha that the essence of what he said was wrong, was against Islam and was “against what you taught us.” [The New York Times, 11/2/01]

No. 8 Soros Manipulated Congress To Introduce Energy Legislation Eight Years After Congress First Introduced It

BECK: Soros Manipulated Lawmakers To Pursue Cap And Trade. Discussing an interview with Soros that was published on November 24, 2008, Beck said:

BECK: Soros also heavily promotes green jobs and cap and trade. Also, days after Obama was elected, he called for a new energy bill. “I think this is a great opportunity to financially deal with global warming and energy independence. The U.S. needs a cap-and-trade system with the auctioning of licenses for emissions rights. I would use the revenues from these auctions to launch a new, environmentally friendly energy policy that would be yet another federal program that could help us overcome the current stagnation.”

Well, Congress introduced, but you stood up, and you said, “Uh, I don't think so.” Hm-mmm. The audience started to resolve. Cap and trade failed. [Fox News, Glenn Beck, 11/9/10]

REALITY: Cap And Trade Has Been Debated In Congress For More Than 10 Years. Contrary to Beck's claim that Soros manipulated Obama to introduce cap and trade legislation “days after” he was elected, Congress has been debating similar proposals for more than a decade. [The Washington Post, 8/19/01]

REALITY: Obama Supported A Cap And Trade Bill During The 2008 Election. In fact, then-Sen. Barack Obama supported legislation that would have created a cap-and-trade system while campaigning in 2008. [The Washington Post, 6/1/08]

No. 7 “Zero Warming For Over A Decade”

BECK: There Has Been “Zero Warming For Over A Decade.” Beck claimed, “Cap-and-trade is the biggest socialist scam, totally discredited climate change industry and zero warming for over a decade. Zero warming for over a decade.” [Fox News, Glenn Beck, 4/23/10]

REALITY: NASA's Goddard Institute for Space Studies (GISS), The National Climatic Data Center (NCDC) of the National Oceanic and Atmospheric Administration (NOAA), The U.K. Met Office, And The World Meteorological Organisation Have All Stated That 2000-2009 Was The Warmest Decade On Record For The Globe.

• NASA Goddard Institute For Space Studies: 2000-2009 Was “The Warmest Decade On Record.” [“2009: Second Warmest Year on Record; End of Warmest Decade,” National Aeronautics and Space Administration Goddard Institute for Space Studies, 1/21/10]

• NOAA: “The 2000-2009 decade is the warmest on record.” [“State of the Climate Global Analysis,” National Oceanic and Atmospheric Administration, October 2010]

• Met Office: 2000-2009 “has been, by far, the warmest decade on the instrumental record.” ["'Noughties' confirmed as the warmest decade on record," Met Office, 12/7/09]

• WMO: “2000-2009, The Warmest Decade.” [“2000-2009, THE WARMEST DECADE, World Meteorological Organization, 12/8/09]

No. 6 Obama's Trip To India Would Cost “Up To $2 Billion”

BECK: Obama's Trip To India Will Cost "$2 Billion." Beck falsely claimed that Obama's November trip to India “could cost up to $2 billion to make sure he's safe.” [Fox News, Glenn Beck, 11/4/10]

REALITY: White House Spokesman Matt Lehrich Called That Figure “Wildly Inflated.” In a statement Media Matters for America obtained and made public the day before Beck's broadcast, White House spokesman Matt Lehrich said that the figure -- which had been reported by the Press Trust of India -- had “no basis in reality.” Lehrich also said, “Due to security concerns, we are unable to outline details associated with security procedures and costs, but it's safe to say these numbers are wildly inflated.” [Media Matters, 11/3/10]

No. 5 Obama's “Fishing Ban”

BECK: Obama Wants To Ban Fishing. Beck said that a “report claims that Obama will no longer listen to the public as he tries to prohibit U.S. citizens from fishing on some of the nation's oceans, coastal areas, and great lakes, even some inland waters. No more fishing.” Beck also said, “How about a fishing ban? A fishing ban that would put jobs at risk in the middle of an economic crisis, but beyond that, you and your son being told you can't go there to fish! What the hell is happening to us?” [Fox News, Glenn Beck, 3/10/10]

REALITY: “Fishing Ban” Falsehood Debunked As “Absurd” Before Beck Promoted It. The day before Beck promoted the “fishing ban” claim, Charlotte Fishing Examiner.com columnist Jeffrey Weeks wrote:

In what may be the worst example of outdoor sports reporting in the history of America, ESPN has claimed that President Barack Obama is on the verge of banning recreational fishing.

ESPNOutdoors.com writer Robert Montgomery posted an article today claiming that the administration's decision to end the public comment phase of the Interagency Ocean Policy Task Force means that Obama is likely preparing to issue an executive order outlawing recreational fishing in America.

As a sportsman who covers fisheries management and politics I do think there are many issues surrounding the Interagency Ocean Policy Task Force and its eventual recommendations that all fishermen should be aware of and concerned about.

But to go from concern to suggesting that President Obama is about to ban fishing in America is the most absurd and irresponsible thing I have ever seen a major news outlet publish. There is not even a remote possibility that a standing president of the United States will outlaw fishing in America. [Charlotte Fishing Examiner, Examiner.com 3/9/10]

No. 4 The Brazilian Oil Conspiracy Theory

BECK: The Obama Administration Loaned Money To Brazil In A Plot To Enrich George Soros. Beck falsely claimed that the Obama administration was lending $2 billion to Brazil to benefit foreign oil interests at the expense of the U.S. economy in order to enrich George Soros:

BECK: I'm not sure if [Soros] knew that the administration would be making a $2 billion preliminary commitment for Petrobras, for Petrobras, for exploration, just days after he strengthened his investment. Isn't that weird? You see, he's got some connections here, but I'm sure he had no idea what was coming on the other side of the circle? No. It's probably just another one of those bad luck situations for Obama, because this doesn't seem to pass the smell test at all. No. Billionaire investor dumps money into a state-controlled Brazilian oil company; days later the American administration dumps $2 billion into the exact same company. What are the odds, Gilligan?

Let's go here. George Soros starts the Center for American Process with John Podesta. John Podesta, Center for American Progress, selects the Obama transition team. Soros buys $900 million in gasoline powered bras. Then, in a completely unrelated story, BP has their oil spill. But wait a minute, who's this guy? John Podesta. John Podesta is the guy who does all the lobbying for BP? Certainly -- I'm sorry, Tony Podesta -- certainly no relation to John Podesta, other than they're brothers. We'll have to come back to that one later in the show. So then Center for American Progress starts to make Obama policy. This one, we'll show you, laid out by Bloomberg and The Wall Street Journal. One of the policies: cap and trade, which goes right to Crime Inc. and all of the Obama friends with the Climate Exchange in Chicago. That's weird.

Then Obama suspends the deepwater drilling at 1,500 meters. He says “Hey, hey, that's dangerous! Fifteen hundred meters, that's crazy.” Petrobras is drilling at 2,777 meters. Obama knows it and loans $2 billion to Petrobras. Last stop, Petrobras shareholders get rich. Oh my gosh, we're back at the beginning: shareholder, Petrobras. Getting rich. You getting screwed. You see how this works? [Fox News, Glenn Beck, 6/21/10]

REALITY: Bush Appointees At Export-Import Bank -- Not Obama -- Unanimously Approved Loan To Brazil. FactCheck.org called the claim “bogus,” noting that the Export-Import Bank of the United States approved a “preliminary commitment” to Brazil to finance “their purchases of U.S. equipment, products and services.” At the time, “the Bank's Board consisted of three Republicans and two Democrats, all of whom were appointed by George W. Bush.” [FactCheck.org, 9/18/09]

REALITY: Loan Is “For The Purchase Of American Goods And Services.” Politico's Ben Smith reported:

A spokesman for the bank, Phil Cogan, noted to POLITICO that the bank does not rely on tax money and that Palin's statement ignores the bank's central function: To lend money to foreign companies for the purchase of American goods and services.

“It has to be produced by U.S. workers,” Cogan said. Palin's statement refers to “creat[ing] jobs and health benefits in the U.S.”

“That's exactly what a purchase financed by the U.S. government would do,” Cogan said.

In this case, Cogan said, the proposed loan would likely finance engineering services, sales of ships to service oil platforms, or drilling equipment. [Politico.com, 8/19/09]

No. 3 Ohio City “Hasn't Taken Any Money From The Government”

BECK: Wilmington “Hasn't Taken Any Money From The Government.” Promoting his Fox News special in Wilmington, Ohio -- a city hit by significant job losses in recent years -- Beck falsely claimed, “this town hasn't taken any money from the government.” [Premiere Radio Networks, The Glenn Beck Program, 11/22/10]

REALITY: Wilmington Had Received Millions In Stimulus Funds As of November 22, recipient reports posted at Recovery.gov showed that the city of Wilmington received at least $2.6 million in stimulus funds. [Recovery.gov, accessed 11/22/10]

REALITY: Surrounding County Received Millions In Stimulus Funds. As of November 22, 2010, recipient reports posted at Recovery.gov showed that Clinton County Ohio had received at least $4 million from the stimulus. [Recovery.gov, accessed 11/22/10]

REALITY: Wilmington Officials Asked For $63 Million In Stimulus Funds. Wilmington city officials confirmed to Media Matters that the city requested more than $63 million under the stimulus. State officials said that use of Medicaid, food stamps, cash assistance, and unemployment insurance have increased in recent years. [Media Matters, 12/15/10]

No. 2 Soros Was Responsible For “Taking The Property From The Jews As A Teenager”

BECK: “Soros Was Asked If He Felt Guilt At All About Taking The Property From The Jews As A Teenager. He Responded, No.” From Glenn Beck:

BECK: There's a lot of meat here that I need you to do your own homework on and learn the truth yourself. But we want to find out a little bit more about him and who he is and where did he come from.

His childhood is shocking, traumatic. He grew up in Nazi Europe. Fourteen years old, he had to help the government confiscate the lands of his fellow Jewish friends and neighbors. He didn't grow up in a Jewish household. His mother was a strong anti-Semite -- George Soros' words, not mine.

But when he had to go over and take the lands from the people, his Jewish friends and neighbors who were being sent to the gas chambers, I can't imagine what that would do to a teenager, or anybody, an adult. Well, what did it do to George Soros? In an interview with Steve Kroft, Soros was asked if he felt guilt at all about taking the property from the Jews as a teenager. He responded, no. [Fox News, Glenn Beck, 11/9/10]

REALITY: Soros Said He “Had No Role In Taking Away That Property.” In an interview with Kroft, Soros explained that he felt no guilt because he “had no role in taking away that property”:

KROFT: My understanding is that you went out with this protector of yours who swore that you were his adopted godson.

Mr. SOROS: Yes. Yes.

KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.

Mr. SOROS: Yes. That's right. Yes.

KROFT: I mean, that's--that sounds like an experience that would send lots of people to the psychiatric couch for many, many years. Was it difficult?

Mr. SOROS: Not -- not at all. Not at all. Maybe as a child you don't -- you don't see the connection. But it was--it created no--no problem at all.

KROFT: No feeling of guilt?

Mr. SOROS: No.

KROFT: For example that, 'I'm Jewish and here I am, watching these people go. I could just as easily be there. I should be there.' None of that?

Mr. SOROS: Well, of course I c -- I could be on the other side or I could be the one from whom the thing is being taken away. But there was no sense that I shouldn't be there, because that was -- well, actually, in a funny way, it's just like in markets -- that if I weren't there -- of course, I wasn't doing it, but somebody else would -- would -- would be taking it away anyhow. And it was the--whether I was there or not, I was only a spectator, the property was being taken away. So the -- I had no role in taking away that property. So I had no sense of guilt. [CBS, 60 Minutes,12/20/98, via Nexis]

REALITY: Biographer Reported Soros “Collaborated With No One.” In Soros: The Life and Times of a Messianic Billionaire -- a book cited by Beck during the program -- Michael T. Kaufman detailed Soros' reaction during the interview, as well as Soros' actions in Nazi-occupied Hungary:

While he was living with Baumbach as Sandor Kiss, an event occurred that more than a half a century later would become the basis of charges that George Soros, the international financier and billionaire, had somehow collaborated with the Nazi occupiers of his homeland and had exploited his fellow Jews. The issue was raised in a bizarre television profile and interview of Soros aired on the CBS television program 60 Minutes in December of 1998. In the segment, Steve Kroft, the interviewer, noted with prosecutorial gusto that George's father had “bribed a government official to swear that you were his godson,” and added that this survival strategy “carried a heavy price tag.” For, he continued, “as hundreds of thousands of Jews were being shipped off to the Nazi death camps, a thirteen-year-old George Soros accompanied his phony godfather on his rounds, confiscating property from the Jews.” Visibly dumbfounded by the line of questioning, Soros could only manage to say that he had no role in the seizure of property and was merely a spectator. To underscore Kroft's point, film footage showed masses of Hungarian Jews being led away at gunpoint.

This is what actually happened. Shortly after George went to live with Baumbach, the man was assigned to take inventory on the vast estate of Mor Kornfeld, an extremely wealthy aristocrat of Jewish origin. The Kornfeld family had the wealth, wisdom, and connections to be able to leave some of its belongings behind in exchange for permission to make their way to Lisbon. Baumbach was ordered to go to the Kornfeld estate and inventory the artworks, furnishings, and other property. Rather than leave his “godson” behind in Budapest for three days, he took the boy with him. As Baumbach itemized the material, George walked around the grounds and spent time with Kornfeld's staff. It was his first visit to such a mansion, and the first time he rode a horse. He collaborated with no one and he paid attention to what he understood to be his primary responsibility: making sure that no one doubted that he was Sandor Kiss. Among his practical concerns was to make sure that no one saw him pee. [Soros: The Life and Times of a Messianic Billionaire, Page 37]

No. 1 Fox Will Fire Beck If He Tells Lies

BECK: "[D]o You Really Believe That I Could ... Just Make Things Up And Remain On The Air?" Beck said:

What is it that we make up? I would ask you to just take a moment here -- do you really believe that I could -- or anybody here at Fox News could -- just make things up and remain on the air? No. [Fox News, Glenn Beck, 11/29/10]

BECK: “If I Get Out Of Control And Start Leveling Baseless Charges ... Guess What Happens? I'm Fired.” Beck claimed, “If I get out of control and start leveling baseless charges that can't be backed up, guess what happens? I'm fired. I lose my job. If Congress does the same thing, you lose your freedom.” [Fox News, Glenn Beck, 6/14/10]

BECK: “If I Were Making Up Lies ... Rupert Murdoch Would Fire Me.” Attacking Soros on his show, Beck said: “If I were making up lies about you, I couldn't stay on the air. First of all, you wouldn't have to pressure. Rupert Murdoch wouldn't put me on the air. He would fire me.” [Premiere Radio Networks, The Glenn Beck Program, 11/10/10]

BECK: “If I Was Inaccurate, [Fox] Would Have Fired Me Long Ago.” Responding to groups putting pressure on Fox News because of Beck's rhetoric, Beck said:

I have nothing bad to say about Fox. They have left me alone. They have let me do -- they hold me responsible for what I say. They make sure that it's right and it's accurate. They do that. They - If I was inaccurate, they would have fired me long ago. Long ago. [Premiere Radio Networks, The Glenn Beck Program, 10/28/10]

REALITY: Despite A Litany Of False Claims, Fox News Has Not Fired Beck.

See Above.