President Barack Obama has gone on record numerous times denying the innovation and success of the free market. During Wednesday’s episode of the Glenn Beck Program on GBTV, Glenn noted that while at the Fox News network, he was advised to never call the president a “liar” under any circumstances. The logic being that the public would prefer to hear that the president “misspoke” rather than be lead to believe he could lie.

Well, tonight, on his own network, Glenn did just that — call Obama a liar — and he backed up the assertion with historical facts and figures.

Airing a clip in which the president repeatedly tells an audience, and the greater American public, that capitalism has “never worked” — not in 1920′s, the 1950‘s and 60’s, nor in the 1980′s — Glenn took major issue with Obama’s “fairy tales about history” and proved the president wrong by pointing to the historical instances that made each of those decades Obama smeared as a “failure of the free market,” an actual success.