Glenn is deflecting the blame to current administration and totally confusing the issue.
He is hyperbole at it's finest. At around 5:30 I believe Ron Paul is calling him out on it.
This whole interview doesn't seem to fit with Glenn Beck's normal stance. To me, he is just a prankster. By laughing it all away he takes the seriousness out of the situation, and by "exposing" them he gains support of people who are unaware of his history, allowing him to potentially lead some people wrong.