Radio Transcript from GLENN BECK :

GLENN: Well, here we are, one day before D-day. Welcome to the program. Third most listened to show in all of America, from New York City. I’m glad you’re here. Aye-yi-yi. Wake up, America! Wake up! You know what? I’ve never — I was thinking before I went on the air today I’ve never had so much audio of a candidate that should just destroy the candidate. Never. I mean, I don’t even — you know, you don’t need to say, well, no, I think that he doesn’t have a valid birth certificate. Just play the audio of him talking. And every time something comes out, you know, what was it? Last week, two weeks ago it was Joe the plumber. “Well, redistribution of wealth is a good thing.” No, it’s not. Then last week it was, “You know, they didn’t take the fundamental restraints that those crazy founding fathers put into the Constitution.” I mean, every week it’s something else. This week, let’s try a little coal action. Here are two cuts for you. Listen to the first one. Here’s Barack Obama.

OBAMA: Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.

GLENN: Stop, stop. You notice he’s just like, you know, they’re necessarily going to skyrocket. But listen to what his explanation is because, “Oh, that’s taken out of context.” No, no. He talks about how it’s all going to work out in the end. Listen to this.

OBAMA: Regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers. You can already –

GLENN: Stop, stop, stop. So far I haven’t heard the bright spot for you, the consumer. Here we are in this economy and he wants electricity to skyrocket and all of these companies to retrofit their plants. Now, he predicted that crazy people like me would actually say — listen. Listen to the prophet Moses — I’m sorry, Obama, speak.

OBAMA: You can already see what the arguments are going to be during the general election. People will say, Obama and Al Gore, these folks, they are going to destroy the economy; this is going to cost us $8 trillion or whatever their number is. If you can’t persuade the American people that, yes, there’s going to be some increase in electricity rates on the front end –

GLENN: Wait, stop just a second. Some increase? You just said electricity costs will skyrocket. That’s not some increase. That’s skyrocketing increases, to use your own, you know, your own language here. Whatever, I don’t know if I’m being nitpicky, but there’s a difference between some increase and skyrocketing energy prices.

OBAMA: But over the long term because of the combinations of more efficient energy usage and changing light bulbs and — also technology improving how we can produce clean energy.

GLENN: Get a new blender.

OBAMA: If we can’t make that argument persuasively enough, you can be Lyndon Johnson. You are not going to get that done.

GLENN: Or unless, unless you control congress and you don’t have a filibuster. Then that cap and trade, that changity changity change is coming our way. Isn’t that great? By the way, here’s Cut 2 of the coal thing. By the way, this interview is not a new interview. This is strangely yet another piece that the press only found last night. Here we go. Here’s Cut Number 2 of Barack Obama’s coal plan.

VOICE: Alternative including coal?

OBAMA: Let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade system in place that is more — that is as aggressive, if not more aggressive than anybody else’s out there. That was the first call for 100% –

GLENN: Stop just a second. That is fantastic, by the way. That will make us very, very competitive in the rest of the world. You know what? He’s going to give businesses a $3,000 tax break to hire new people so they don’t ship jobs overseas and that’s going to make a very big difference when he’s got the most aggressive energy tax on the planet. Gee, I think some things need energy to be able to be made. I think we’ve got to have — well, we will have fluorescent light bulbs there on the workers floor. So that will help save pennies every hour. That’s fantastic. How are you going to keep businesses here? Oh, I know how he’ll do it. He’ll start penalizing those companies. He’ll start penalizing those companies that try to move workers overseas. So we’ll make it even more business-friendly. I mean, Rupert Murdoch who is a Democrat, by the way, has come out today and said this guy’s going to be a disaster for the economy. If anybody has actually read The Forgotten Man by Amity Shlaes that, you know, we talked about two years ago on this program — I beg you, please read it — you are seeing it all. It’s all here. This is it, gang. This is the kind of policy that caused the Great Depression. Remember, stock market crash of ‘29. It wasn’t until ‘33 that things just went to hell in a hand basket. In 1933 that’s when everything started to collapse. What a strange surprise and weird coincidence. That’s when FDR came in and started screwing with absolutely everything, from energy to unions. Huh. That’s weird.

So anyway, he goes on about coal.

OBAMA: An auction on the cap and trade system, which means that every unit of carbon or greenhouse gases that was emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built that they would have to meet the rigors of that market and the ratcheted down caps that are placed, imposed every year. So if somebody wants to build a coal powered plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum.

GLENN: Stop. Play it again, please. I’m sorry. Play that again. Coal, coal.

OBAMA: So if somebody wants to build a coal powered plant, they can. It’s just that it will bankrupt them because they are going to be charged a huge sum for all that greenhouse gas that’s being –

GLENN: Stop for a second. “Coal, it’s going to bankrupt them.” I’m sorry. Can we have what Joe Biden said on the rope line when he was in Pennsylvania — or when he was in Ohio. Here it is.

OBAMA: It’s just that it will bank –

GLENN: Not that one.

BIDEN: No coal plants in America. Build them if they are going to build them over there, make them clean because you’re killing us.

GLENN: Stop. No coal plants here, not going to build. And what did Obama say? Obama said that’s ridiculous, that’s ridiculous, we’re going to — this man has been lying to the American people. They never had any intent on building coal plants. They never had any intent of actually exploring for coal. They never had any of these intents. They have been lying the whole time. Oh, by the way, it’s not just Obama and Biden. It’s also the leader of the Senate, Harry Reid. Here’s what Harry Reid said. Remember this?

REID: I would only add to what was just said about solar. We talk about cost competitiveness but one thing we failed to talk about is those costs that you don’t see on the bottom line. That, coal makes us sick. Oil makes us sick. It’s global warming. It’s ruining our country. It’s ruining our world. We’ve got to stop using fossil fuel. We have for generations taken it out of the Earth, carbon out of the Earth and put it in the atmosphere and it’s making us all sick.

GLENN: Okay, stop. I just want to — let’s just put this into perspective, please let’s put this into perspective. He’s going to run the coal industry and bankrupt the coal industry. You’re not going to be able to have a new coal-fire power plant. You are not going to have one. In 2007, 49% of every bit of electricity came from coal. We are the Saudi Arabia of coal. In the shale in Colorado, you can pump out natural gas out of the shale. We’re not doing any of it. Coal is dirty. That, you’ve got to be kidding me. I mean, I — there’s two Americas. John Edwards was right. There’s two Americas. There’s the America that still has a modicum of common sense and then there’s the America that just isn’t paying attention anymore, has just jumped on this socialist protectionist communist crazy train that they just want the handout. They just think that everything works in magic.

Interview with Governor Mitt Romney :
GLENN: All right. So Barack Obama now says he’s going to bankrupt the coal industry. His campaign immediately — I mean, we have the audio of him saying it. The campaign says no, no, no, that’s crazy, that’s just, that’s a phantom argument. That’s what he said! In fact, he said his policies will make electricity costs skyrocket. That’s what he said. But he’s doing it for global warming. But now it’s just, you pay no attention to the man behind the curtain. Well, if you look at all the policies and where this economy is headed in the first place, what happens if Barack Obama becomes President of the United States? We welcome back to the program Governor Mitt Romney. How are you, Mitt?

GOVERNOR ROMNEY: I’m terrific, thank you.

GLENN: Good. Boy, we have just — I mean, it is amazing to me all the things the media has just dropped the ball on. Now we find out over the weekend that Barack Obama is going to put the coal industry out of business.

GOVERNOR ROMNEY: You know, it’s not just the coal industry. If you put the coal industry out of business, it, of course, represents about 80% of the electric power we create. How are we going to get the electricity necessary to power these electric cars we’re so excited about. And how is our economy going to run if we’re not using the resource we have in this country. We’ve got to have clean coal. We’ve got to have nuclear, we’ve got to have offshore drilling and Barack Obama is toeing the line of the extreme left wing environmentalists that will frankly close our economy and make it impossible for America to compete. It’s a job-killing program.

GLENN: As a businessman, Mitt, you look at the policies of Barack Obama and you look at those policies. Murdock today came out and said between the coal and the unions and everything else, this is just, his policies are going to destroy the economy.

GOVERNOR ROMNEY: You know, he is out there selling the message of change and everybody wants to get better. So change sounds good. But the problem is in all of my political career and in my business life I’ve looked at a lot of policies. I’ve never seen a combination of policies so designed to slow an economy and kill jobs as those that Barack Obama’s put forward.

GLENN: So then why would somebody like Warren Buffett, because he keeps playing the Warren Buffett card. Warren Buffett’s on my side, Voelker is on my side.

GOVERNOR ROMNEY: Well, Warren Buffett is a guy who has enough money to buy the entire planet and Warren Buffett has a lot of friends among the Hollywood folks and I’m sure Warren Buffett is genuine in his support but, you know, I’d love to sit down with Warren Buffett. My guess is I’d be able to convince Warren Buffett. I don’t think he’s given any thought whatsoever. My guess is Warren Buffett has never even heard of this card check bill that basically says they are going to impose unions through intimidation on small businesses across this country. You are going to kill the engine of new job growth in this country with that proposal and it hasn’t even been talked about in this presidential campaign. So some of us who do know what Barack Obama’s up to are convinced that, for instance, his position on coal, we just heard about that last night for the first time. I don’t think Warren Buffett has heard the whole picture.

GLENN: When you talk about the union thing, I’ve been looking back historically speaking. In 1937 the Supreme Court allowed the unions to really have a monopoly in businesses and we went into a depression within a depression. This is being compared to that kind of a move, that this will really impact business. Can you explain to the average person that this is not hype, this is something real?

GOVERNOR ROMNEY: Well, I actually think this union effort, this card check effort, and basically what it is is that every business in America right now, if the union wants to unionize your business, one of the voters — or it should be the workers get a chance to vote and to have a secret ballot. The Democrats and Barack Obama want to take away the secret ballot so that people don’t get a chance to vote on this. Instead they can go house to house and intimidate people and make them sign a card and if they get half the workers to sign a card, automatically are unionized. Well, now a small business with let’s say 20 people, they have now got the Teamsters in there telling them how they have to run their business and they are in a setting where they have got to get labor lawyers telling them what things they can do and they can’t do. This will have the most massive impact on America’s competitiveness on anything that’s happened the last 50 years, and I’m very troubled by it, and it hasn’t even been spoken about in his presidential campaign because it’s hard to explain.

GLENN: Well, why do you suppose the media is so in bed with Barack Obama to levels that we have never, ever seen before?

GOVERNOR ROMNEY: Well, you know, I frankly think that a lot of the media, of course, have their own feelings and their own — I mean, it’s a bias, of course. Some are biased positive, some biased negative. Some Republican, some Democrat. People have a right to express their own view. That’s the nature of a free press but, you know, you’ve got a lot of liberals in the media and so they love Barack Obama. They love what he talks about. But I don’t think they have any experience whatsoever, that is I’m talking about liberals in the media, any experience in the job world, in creating jobs. A lot of them, by the way, are seeing their jobs go away and they hope Barack Obama will, you know, change the law. So, you know, you can’t take away their jobs.

GLENN: There’s a piece of video now on the Drudge Report from Congressman Nadler and he is talking about how Barack Obama did not have the political courage — now, this is a supporter of Obama.

GOVERNOR ROMNEY: Yeah.

GLENN: He didn’t have the political courage to leave his church. I mean, I haven’t seen any political courage. When our back is up against a wall, you know, internationally speaking with Iran, with Russia, with Venezuela, with these countries that become more and more dangerous the more oil collapses, isn’t political courage something that we should see demonstrated in our President before we need it on a global scale?

GOVERNOR ROMNEY: You know, it’s one of the things that’s most troubling to me is that the Democratic party has selected a nominee who has not been tested. He’s an intelligent guy. That you can tell. He speaks well. He reads the TelePrompTer well. But he has not been tested under fire. He’s not been tested as a leader. He’s not been tested to see if he can work across the aisle. And frankly, you know, he may do just fine if he’s elected or he may be a disaster, but we just don’t know and that’s why in the world that I’m used to, you hire people, you select people based upon the things they’ve accomplished, not just what they say they are going to accomplish. And it is very frightening to a lot of people that you’d elect as the nominee of the Democratic party somebody who has not yet had the opportunity to actually lead.

GLENN: You know, the problem for a lot of people, Mitt, is they look at this candidate for the Republicans, John McCain, and they say, “Well, okay, he’s much better than Barack Obama but I’m still — but he’s still for a massive cap and trade.” I mean, you’ve got Barack Obama. He’s going to cripple coal, and John McCain’s isn’t that bad but it’s still a cap and trade program. So they look at it and say, okay, what is the difference here? And I know there are, but, you know, how would you address the cap and trade on the day where everybody’s paying attention to coal?

GOVERNOR ROMNEY: Well, as you know, there were a number of places in the primary campaign where I disagree with John McCain and his cap and trade proposal is one of them. You know, I would hope to be able to convince him that before you put in place a cap and trade program on the U.S. that there must be participation by countries like China. It does not make sense to me to have any form of unilateral disarmament if you want to negotiate with somebody and you feel it’s important to bring down global CO2 emissions, then China has to be part of the picture. And if we go out there and put a burden on our own industry and they don’t put a burden on theirs, you’ll just kill jobs here. So it’s a place where, you know, I would endeavor to convince my own candidate that we can do a better job.

GLENN: There was a story today, and I haven’t had a chance to fully read it yet. It was talking about the protectionist policies of the Democrats coming in and how that they are just, they are going to be emboldened and start to enact some of the protectionist policies that they have been chomping at the bit for for the last few years and been really talking about. And quite honestly, Mitt, you know, I haven’t read the story in its total yet and I know when I read protectionist policies again, I go back to the Great Depression and say that’s one of the big problems that we had. What are the policies that you’re seeing coming from this Democratic congress that they are chomping at the bit for that worry you?

GOVERNOR ROMNEY: Well, the biggest, of course, is this card check. That worries me enormously. But then you hit on the second one. Protectionism sounds wonderful, which is the idea that we’re going to protect our companies, our industry from foreign competition. But the other side of protectionism is that the people we trade with are not entirely stupid. If we say we’re not going to let their goods and services in, they won’t let our goods and services in. It works both ways. And one out of six jobs in this country is associated with sending goods and services to other countries. Export, in other words. And so you start talking protectionism, we’re going to have an enormous job loss on the part of entrepreneurial businesses. Now, yeah, maybe some of the steel companies and auto companies would feel better for a while but not for very long because you put protectionist barriers up, it’s going to hurt us and it’s going to hurt everybody else.

GLENN: This is probably the last time that I’ll get to speak to you for a while and the election is tomorrow. What is the one thing that you feel if people would just hear, they would understand the importance of this election and their vote and which one to vote for.

GOVERNOR ROMNEY: Well, the country’s going to take a new direction as of Wednesday morning and if we elect Barack Obama, we’re going to take a sharp left turn following Europe. And just look at the experience of Europe over the last 30 years. No job growth, high unemployment, anemic overall economic growth. It is the wrong course for America. And a protectionist, government-managed economy is not a successful economy. The American path is the far superior way to go. We’re going through a crisis right now. The prime mortgage business which is nutty that it has this big impact that it does but my goodness, let’s not walk down the path of Europe. Things there are a lot worse than they are here.

GLENN: All right. Mitt, thank you very much. We’ll talk to you again, governor.

GOVERNOR ROMNEY: Thanks, Glenn. Good to be with you.

GLENN: You bet. Bye-bye.