tv Key Capitol Hill Hearings CSPAN October 6, 2015 4:00am-6:01am EDT
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it is hilarious. full employment and living wage and access to housing, things that you hear presidential candidates say today, and they said this and 67. i was talking about this plan. and can mcgill interrupted enter up to me and said comeau we have been doing justification work we uncovered the 100 year plan to remake the los angeles neighborhood. the hundred year plan. this corporationthis corporation has a 100 year plan to re- envision what los angeles will look like. but the idea is not sufficient. we must have a vision. how dohow do we think about a statewide agenda that addresses this vision we have with anti- blackness, white supremacy no longer
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prevalent issues, but in the meantime and in between time you some real things that makes people's lives better and save people's lives. grab some water. so i kindi kind of have three different ideas and ways to think about that. number one is defensiveness. and we have seen a consolidation of power on the right,, legislation that we have to combat in be defensive around. secondly, reforms, incremental reforms moving us in the right direction. this consolidates corporate power and power on the right. how do we make sure there are forms we make are moving toward our vision of the world that we want to see. lastly, how we think about transformation, pass and introduce and frame the work we are doing in a way that is transformative and grasps
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at the root of the problem we are seeing in facing. so in terms of defensiveness, thinking about how we combat what has happened, therehappened, there are four main areas. fighting the facts against preemption laws. across the country. there is so much stuff they cannot do. and we have seen this most recently in terms of education, georgia, and other states trying to wrestle control of schools out of local municipalities into state government in order to further privatization agenda, in terms of wages command we just saw in detroit they are trying to pass wage ordinances and have been stopped by preemption at the state level. how we think about and combat this move toward state control that limits the ability of municipalities and communities to control the police in education system.
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secondly, limiting the voting municipalities to profit off of people. we have seen legislation pass in missouri and other places that gets to this. it is not okay that the budget comes from ticketing and the most vulnerable people in the community. what can we do as a state to check the aggressive predatory powers of local police departments and governments. stop the profiteering. and illinois has read the went to have led the way around banning private prisons. allowing them to call family members and children and stop the profiteering. the ability, this is how we choose to punish people is not a private issue. that sounds a lot like slavery.
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and then lastly which is important and so how do we in a meaningful way bring some of that back. in addition to being defensively have to be careful. how do we make sure we passed is not re- in force the status quo? the two main areas, body cameras and community policing the cello putting quotes the whole time. so two sorts of departments have no relations.
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a lot of staples in california and new york around test programs of body cameras. why don'twhy don't you film all of this. and that is not sufficient. it's an investment that increases police budgets without any accountability. thinking about body cameras and those type or reforms reforms in a way that is not just pay police departments more not to mention the corporate actors who are bringing millions of dollars. and to give them even more money is problematic. taking intentionally and critically about the ways that we are passing is reforms may consolidate power of the folks who have been injuring.
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if you want to talk about that, and i would love to we should get a drink because as we move toward this we are creating a state in which surveillance is former policing. community policing is a phrase and then idea they were not mental health experts and did not want to do that job. justify the expansion of police duties and budgets.
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of the things that we can do, but also being in spaces and then conversations with folks on the ground because people are thinking and incredibly creative ways. and people who are most impacted by violence and state violence have ideas about how to solve and get out of this situation that are incredibly valuable. number one is the end of cash sale. it is may prosecutors the judge and the jury with no accountability mechanisms whatsoever, and that should scare us. the unchecked power of prosecutors across the country.
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we were all complicit in that creation. whatever intentions were are not, we have to be cognizant of the reality that all of us did a push on tough crime that really allowed for the creation of a prison state that was on both sides of the aisle. but we saw were literally tens of thousands of the laws being passed. and so this ranges at the state, local, and federal level. saggy pants, loitering, which is picking a public space. it is illegal for you to be in public space.
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we saw tens of thousands of knew laws, and they may behavior that was not criminal criminal. things that were criminal and 85 should be criminal. they should not land you in the case. how do we create and support institutions it is not just about reducing it to misdemeanors because they will run your credit land you in jail and a part of the same system. how do we take entire swaths of behavior that are not dangerous that makes folks uncomfortable. and secondly, thinking about decriminalization with reparations which makes people uncomfortable. you can call it reinvestment, whatever language makes you happy inside.
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but the idea is we extract the extract literally millions of dollars from communities, destroyed families. this has led to the destruction of communities across the country command we can track which communities. and so moving aside decriminalizing things like marijuana call the profit from nasa go back to the folks we have extracted it from, right? and that can be done fairly easily, but engaging in that process and having accountability -- for instance, and wisconsin please save the hundred $70 million annually if we decriminalize marijuana. what did the do for restorative justice, housing thinking about ways to ensure at the state level that money is refunded back to communities. the last 30 years mass incarceration has had incredible consequences and it has been most families.
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every single year i'm sure you sit and committees to think of our money goes. but we have seen is a huge increase in spending for instance,instance, between 1987 and 2013 it was 135 percent increase. and a 6 percent increase in spending on higher education. invested so much money and incarcerating and caging people. right? in this country there are ten states who presently spend more.
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andand across the country that we are seeing increases in incarceration spending. and not only is this a bad idea moneywise so that we for instance no that a 10 percent increase in real ranges results in a 14 percent decrease in crime rate over ten years. we factually know that aa 9 percent increase in graduation rates was often a 10 percent decrease in criminal arrests. we have data that tells us that if you invest in jobs and education you will have lower crime rates which is not policing. increasing police presence. it is a good idea. we have to think about budgets in this section of who we care about. a budget or the major investment is judgment. here sayingjudgment. here saying something plane. it is time to take a serious look and realign them to reflect our values.
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now incarceration. and so it is time to be bold as time as individuals to the board about where our money is going and priorities are. >> last but not least we have rochon robinson who is the executive director nation of change. membership from a little over a thousand over a million. a leading force in holding government and corporations accountable and advancing visionary solutions.
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for the past four years he has greatly expanded the scope and impact of the organization and has continued to build a member drivena member driven movement around the issues that matter most to black communities. under his leadership and state innovation exchange color change developed and led a national campaign against alec i guess i don't have to explain.explain. but watching the american legislative exchange council. after exposing involvement in passing discriminatory voter id laws amaze posing alec for harmful stand your ground laws, color oflaws, color change pushed over 90 corporations to end their financial support. as a result he disbanded the
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public safety and elections task force. the committee responsible for drafting out for loss. he is a leader and social rights and he is appearing in many news stories. he was also named for the past five years, i believe, to the rue 100, a list of influential african-americans under 45, and he is the proud recipient of the at: advocate award and the transforming america award as well as just last week the community change champion award from the center for community change. with. with that, please join me in welcoming rochon robinson. [applause] >> at 5-foot three, i know that i must stand. how is everyone doing? great.
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i want to talk a little bit. it is so great to be on the panel with you, too, asyou, too, as well, and i want to talk about how we get there. the policy solutions are visionary and transformative , but we are living in the states and the communities that we live in right now. the work that dante is talking about and the uplifting of young people's voices and there visions for our democracy and economy are what we need, butneed, but how we get there. i want to talk a little bit about movement building, little bit about what we need to do together, little bit about the inside again in the outsideand the outside gain which is something that often times we do not do as well as we should. first, color of changes founded in the aftermath of hurricane katrina. ten years ago, this moment of deep disappointment,
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pain, frustration, anger that so many americans had that the failure of government, to be accountable to the most vulnerable communities, to be accountable to black folks, and folks watched as people were literally left to die and the government did nothing, and in the aftermath of that our founders sent out a single e-mail and said join us in this effort told government institutions accountable. we have grown through campaigns like holding fox news in our media accountable and forcing glenn back off the air. they could not sell advertising.
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many organizations that the campaign would not have been successful without, the organizations that are doing deep research and organizing for years, organizations standing outside of the offices protesting. we said, you know what, alex is 98% of its money from corporations who every single day come to black folks to buy our products or use our services. we told the corporations that you cannot come for black folks money by day and try to take away our vote or make us unsafe by night. [applause]
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and we mobilize our membership, stood with other online and civil rights organizations. i see my friend from p triple c and other organizations listed with us and mobilize their members corporation after corporation dropped domino after domino. still around and doing attic but webut we were able to create a framework for who he is. no longer are they the shady behind the scenes organization. america has a better understanding of what they are what they do, and it was because of the power of every day people's voices the stood up and pushback while you all were in the state houses standing up and pushing back as part of the outside and inside game as necessary to win. and we stood up to fight for an open internet against some folks that were maybe in this room were part of runs they were often times in, but we stood up to fight for an open internet because it's not just about the issues that we fight for but our ability to get them to
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the door, our ability to have clear roads that make our voices powerful in our economy and democracy they will be critical to us fighting the david and goliath fights of the future protecting an open internet was not about assigning online or signing petitions, but our very ability to be heard and counted invisible regardless of whether we are privileged are vulnerable comeau majority comeau minority come in favor come out of favor with whoever may be in power. and so, at color of change we are working to distribute the organizing work that we are doing. wedoing. we launched a platform that is urging our members to start more campaigns. many of you may hear from members to petitions and campaigns in different ways. i apologize in advance, but hope you will thank me later. you will hear from members standing up and fighting on a wide range of issues, some of which will be symbolic, but necessary for the
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structural improvement of our lives. symbolic because we will be urging you all to remove confederate symbols from streets the fact that property of the schools in california i'm only saying is confusing to be ironic. that is part of the work of on wrapping new people. helping people understand why race matters, the important work to move -- building movements that are powerful to push overline the powers the goals that you all want. when folks come to me and say we want to get more black folks involved in our issue. and i hear it on everything from public financing to climate to every other issue that impacts our community
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every day. reaching people where they are and moving people up, but it is not just about but we say but what we do. having my policies behind the right words which goes to my clear point i want to make. in this age of media, this age of getting things to turned on social media, so often we mistake cultural presence for cultural power. the mistake presence or awareness of our issues and facts that they are out in the community or people talking about them by the fact that we have built the power to get them over the line, that we have built the energy and the passion and engagement of everyday people to ensure that people will move on the issue and we want them to move on the issue. and so whether it is legislative change in the fact that so many of our issues, we can get them on
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the front page of the news but can't seem to get people to show up to meet with the representatives or better yet, we cannot get people to vote the right way we want them what to hold their elected officials accountable, to incentivize those in power to do the right thing and push them out when i do the wrong. whether it is our media environment and every single day we see the news stories and local news, we want to step back and unpeeled some of what we were seeing. we started doing studies and reports monitoring local news coverage. if elected new york, the new york local market, themarket, the 11:00 o'd 10:00 o'clock news is because in many places they set the standard for what happens across the country. and we monitor them 1st six months every night. some poorç staff had to look
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a story that incentivizes and pushes us to believe whatthat we are being told on the front pages of our newspaper. we push this outthe saturn started campaigning. pushing the networks to do better. were not racist, but what you all are doing each side is this, and now we have to fix this or will be having conversations with your at the charges. and in the last peace, and this is an important piece in something that -- the amen choir peace. and i believe i will have this in this room. we made so many mistakes are on corporate accountability. after 2010 so much of our
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work should have been focused on holding and pushing back corporations. corporate accountability not only as a structural issue but a symbol is uniting not just across movements for black lives, but we see it showing up in other communities around the country, other oppressed communities on the right and left that have seen how corporations have moved and our lives what oppressed
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people, not just black people but immigrants and women and gay and lesbian, bisexual and transgender people and native people when comeau we are went -- we all win. leveraging symbolic victories and i work remains and continues, but i want to thank all of you for standing up and helping us understand better. and we will continue to be an outside force agitating, pushing, and driving forward the issues on the inside. [applause]
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in that focus in this is not a one issue problem with the manifestation across the board whether a platform that it gets to that. >> and also say tuesday consent to search for a special prosecutor's but if this movement moment of people standing up to talk clearly about police accountability that is what provides power and more opportunities. >> spirit the voting rights act started off as the
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omnibus bill and got down to a voting rights bill but it went to congress and to the country from voting to the economic justice. even if you just pass one it is important. >> we want to hear from you so to answer all the questions to hear from them then to have another round. >> introduce yourself briefly spirit die of a state representative from new hampshire a and in the state of new hampshire up
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this time a lot of the presidential candidates coming. one of the issues that has come up, i wonder how out - - how you as leaders address it. with black youth unemployment as 55%. >> also from new hampshire i am in my 70's i remember many years ago there is as much frustration as i hear today. the black panther movement came on and there is mixed opinions should they be here again? >> i am from the great states of florida.
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that is not to be carbon copy on many issues. [laughter] and a proud of the already and. i know you talked about decriminalization policy but can you talk about the impact of policies like foster care, on-line access to informational made to their reentry policy prayer very stocked legislation how have you look to those other policy areas affected impact our brown and black communities and how we can come together especially in
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florida not obey does black lives matter and so i do brown lives. i think people hear the words black lives matter but they don't hear the message of what that means. so if that is written in the editorial to come back from my it -- not maturities that the white lives matters into. that is true how we say that especially in the south pole was to make better policies as long as three show it is a big umbrella. >> good afternoon i am here with my a good buddy the cochairs of the lead to no legislative caucus working
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with our black caucus to move ahead the legislation through the state with criminal-justice we passed a huge package of community and refund trust reform this past session we know there is a lot of work that needs to be done bayou touched on was essential to you curtail the power of of prosecutors. they are a part of this the of legislation dealing with judges say of the debtor's prison. summit would be great to hear your thoughts out weekend package that but i think if our colleagues would see if they was repeated seoul's. [laughter] -- pee themselves.
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[laughter] >> keeping this g rated. [laughter] >> so i will take the first to. with the response of the black youth unemployment is the idea of something you did in new york rewritten as a campaign safety beyond policing that was an attempt to intervene around the budgetary decision making in new york city. the budget is over 100 million to be spent on
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1,000 new cops so what would you do in addition to the current police officers out there. the largest military and the world. so we asked the of question would you do with $100 million and how do better use that money to provide jobs to provide housing? said budget's determine propriety and are deciding to reflect our values. once you have every configuration and in order to provide this stage, is
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used to have actual adequate health care. and how to put power behind a the way that we can incorporate reinvestment. the black panthers are in an organization but not a movement of what we see with the last 50 years took the black panther were pushing up against is the reality that there still impacted by police brutality or impacted they haven't just change but devolved say you see a real reflection of this over decades.
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>> i am a broken record that surely between incarceration the equality jobs so in that way it is important but to be tough on crime then produce more jobs locally did is the key component to increase during bin communities across the country. i don't have a solution and beyond that though we should talk about it that way.
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so we just did an analysis of 10 state budget is looking at how much money is spent with child care or any of those things had rethink this is an experience and how do we support folks in communities? and whether or not it is passed the hivites and elevates away from incarceration. i will talk to the prosecutors but that criminalization is said huge piece of that.
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so that discretion in inside is very powerful. into canada go to new jail for more than three years on this charge for proper the one of the major problems will surfy seen 20 years for almost nothing. that is the threat to put you in a cage for almost 20 years people would do with anything to get out. the maximum is a powerful idea. event the substitute for militancy for those that might include guns they
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revolutionary party in a meeting in fallaway but if that includes access to housing that is all things that concept to be portrayed as one thing but that agenda is one that we go back to quite a bit. the black panthers lays out the platform that we would get behind. >> i don't have much to add except it is about what we incentivizes when we push for legislation in the
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system project through when we think about prosecutors in cases where to be involved with potential misconduct out we're fair and open and just with district attorneys and prosecutors do not do the right thing somehow we have a system that is open and fair to incentivize the right things? to second everything my:panelist has said how we hire a special investigators with the woman that was found hanging in does jail cell we had mobilized hundreds of thousands of members to the justice of parliament to go back and
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forth but to hear the conversations from of members of all the problems in this county their part of a larger narrative about collusion and though lack of incentive to do the right thing. the conflict of interest that occurs inside the criminal justice system that the investigation is not binding. what the investigator has found the first part of a three part series the next two pieces will come out soon but it is what we hear read much more factual details it and it popped into a corrupt system that
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has baal if they can hire a defense with incentivizes the share in his sketches were taking with the under the table this is the only democracy to zaph this type of system so we're not sitting inside a process the past to change for what was laid out but at the micro level a woman with given a $5,000 bail the family had to figure out how to get that. a gain in her jail cell but at this story level at the macro level we see how this system absolutely incentivizes this with
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corporate power and that is the work of the surveillance industry they pushed these policies in states around the country because as the movement happened no more prisons what happens if they're getting money from surveillance and that is the new frontier we cannot simply be fooled for all the way is the system will incentivized of wrongdoing. >> he keeps having me on these moments but where it
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has been privatized we see the politics to push forward >> there is also the police department even in chicago those that are policing communities in chicago as well so that is to be paid close attention to. >> we will do is speed ground. >> said this proportionality of africa and the cavemen is truly immoral it has done
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work with racial impact and i have tried very hard in arkansas unsuccessfully but what are your thoughts and whether something could be very helpful to shine a light to refuse he this does away and to have information it's as we will never racial impact statement so well least we will be informed of the impact we would have a that we don't intend to have >> that is also a fiscal impact. thank you so much. >> i am for minnesota mining
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themselves that is the goal to bring legislators and activist together and to find discrete things to work on in the beginning to figure our homage the rubber band will stretch or break because it is about people understanding their role to break down so much sand to be clear there will be times the force can do so to the extent to have the groups all lined up the day of play
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to get people in their room to see one another. >> in the york city that two ways is through existing bills one that includes statements to say you just want to know. so it is then important step. addresses the idea is to know the impact is the important first step. the week to push that to inform pope said relationships are important.
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elizabeth warren. this is just over 20 minutes. ♪ jonathan: i know she needs no introduction. but i have been told i need to give her one anyway. elizabeth warren is a first-term democratic senator from massachusetts. the consumer financial protection bureau was her idea. she chaired the oversight of tarp.
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a harvard professor, and i missing anything? thank you so much for joining us. really appreciate it. senator warren: thank you. jonathan just a start off with : an idea, since we are at the ideas festival, you and newt gingrich have joined to take on the charge to increase funding for the national institute of health. how did this odd couple, if you will permit me to say so, come into fruition? senator warren: start with the idea behind it which is what are the functions of government? think about our future over a long arc. not until next week or even the next funding cycle. what is it look like overall? i will give you some bad news. the fastest growing age group are those over 100, then 90, than 80. you see a pattern. we are getting older.
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not me, obviously, but in general, as a country. here is another one i want to intersect with that. alzheimer's, one of the principal age-related diseases. this year, we will spend $225 billion just in care for people with alzheimer's. that is care, without the ability to delay onset by one day, or the ability to promise the hope that we can get any kind of amelioration of what is happening with this terrible disease, as it moves forward. it fell off my ear. how much are we spending on research? here we are, on my toes, on the edge of being able to do more, and how much of that $226 billion are we spending on
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research? less than 2/10 of 1%. since 2003, the national institute of health has had their effective budget, purchasing power cut by 25%. when you think about how we build the future, research is a big part of how we build a future. and right now, the united states congress is cutting back on nih. it is treating nih as if it is a stepchild to our budget, and our future. so speaker gingrich -- i lost it again. their ego. that was fun. speaker gingrich is someone who gets it. he wrote a piece in "the wall street journal," about how we should think about investing in brain science, in particular, and take it off the books. it should not be part of it.
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it is an investment in the future. i read the op-ed, i picked up the phone, and i said, "this is elizabeth warren. want to work together on this?" he said, absolutely. this is about building a sustainable future for all of america. and research is one of the pieces that is right at the heart of that. jonathan obviously, we are in : the throes of a presidential campaign. i would be remiss if i did not mention that. i don't know if you read that in the papers. you said you will endorse the democratic candidate in the primaries. senator warren: i pretty sure it will not be one of the republicans. [laughter] senator warren: i have seen enough. jonathan: you were one of many female democratic senators to letter urging secretary clinton to run. should that be seen as an endorsement in itself? senator warren: she is running, along with other people.
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they are getting their ideas out there. and i think that is what should happen in this part of the season. jonathan: you just wanted her to run? senator warren: i want everyone running for president to get out there, put their ideas out there, talk about ideas with the american people. that is how it should be. that is how democracy is supposed to work. jonathan: when i spoke with senator bernie sanders, i asked him where he and secretary clinton differed. he mentioned a number of areas, including reestablishing glass-steagall, raising the to $15 per hour. i think you and senator centers sanders align closely on all of the major issues. when you decide who to and doors, is it just going to be
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about who you agree with the most, or will you be taking other things into consideration, such as who has a better chance of being the nominee, or winning in november? senator warren: at this moment, i don't know because i'm not there. what i do know is that people are out talking about these key ideas, and i think that is exactly the right thing to do. i think we should be talking about glass-steagall, and the role that the major financial institutions play, not just in this economy, but in the political sphere and washington. i think we should be talking about minimum wage, college debt. i think there are a lot of issues. by the way, i know where you want to put the focus. but i also want to keep the focus on this is a time where you can see a sharper difference between republicans and democrats. the republicans have taken such
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a different issue. republicans are taking a sharper focus. the idea that here we are, we need to get a budget together, there is a lot to be negotiated around the budget. what is the first thing the republicans say they need to stand up and do? that is defund planned parenthood. areit just seems to me they so out of touch with reality, with what it means to govern this country. they think they have to argue something to move women back to 1955. that is first on their agenda. they are just wrong on that. [applause] they're going to be in real trouble. jonathan: i want to talk about planned parenthood in a second. senator warren: good. [applause] jonathan: before i entirely just the subject, do you disagree with the idea that you and bernie sanders seem to be more closely aligned on issues that other candidates running for president? senator warren: you want to ask
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this different ways? jonathan: that is kind of my job. warren: and kind of my job is to gather and keep pushing these issues. i will say this. bernie gets out and fight for what he believes in. he fights from the heart on these issues. i think he has done an enormous service by pushing afford the agenda. i think that secretary clinton has also been pushing forward issues into the agenda. for example, she just endorsed senator baldwin's bill to slow down the revolving door in washington. that is really important. nonetheless, at least we have some democrats out there, talking about the things that matter to the american people, talking about how we build a real future. the uc see the democratic party moving in a more see theive -- do you
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democratic party moving in a more progressive direction? >> part of the reason is the urgency. watch what is happening to america's middle class, working families, working poor. --m 1935-1980 from 1935-1980, we come out of the great depression , we start investing in our future together, education, infrastructure, and we filled the middle class. the 90%. 70% of all wage growth in this country. families across the spectrum are doing better.
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trickle down economics hits in the 1980's and you watch this reverse. 1980-2012, the latest year ,or which we have data, the 90% you know how much they got? they got 0% of income growth. 100% of income growth, as gdp was going up, 100% of income growth went to the top 10% in america. and that has become clear now to us, that has become clear, even in the bubble of washington. and that's what democrats are talking about. they are talking about, what are the things we need to do to build a future, not just for a thin slice of the top, but to build a future for all americans.
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that's what it is supposed to be about. jake: what do you make of the fact that two of the leading republican presidential candidates, donald trump and jeb bush, both indoors closing the loophole when it comes to -- endorse closing the loophole when it comes to hedge fund managers, the carried interest loophole. senator warren: it means even when your ears are stuffed with money, a little sound comes through. that's what is happening here. yeah, billionaires should not be paying taxes at a lower rate than teachers and firefighters. and that has even seeped through. stunner. [laughter] jake: let's talk about planned parenthood, because you brought it up. senator warren: is that the only reason you want to talk about it? jake: no, obviously it is in the
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news. there was a hearing earlier this week. obviously your position is supporting planned parenthood, well-established. the reason planned parenthood was purportedly in front of the congressional hearing was because of these videotapes of planned parenthood officials saying and doing things that even planned parenthood questions in terms of the glibness. is there nothing on the videotape you saw that bothers you at all? senator warren: remember what we were debating on the floor of the united states senate. that was defunding planned parenthood. it is not, let's do a review of videotapes. it was defunding planned parenthood. we have to start by remembering what that means. 2.7 million people get their health care from planned parenthood every year. one in every five women in america sometime in her life will get health care from planned parenthood. planned parenthood, what does it mostly do? 97% of what planned parenthood does it cancer screenings, screenings for std's, birth
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control. planned parenthood -- all of the planned parenthood clinics are in places where there is limited access to health care. for many people, for many women, it is their only health care provider, sometimes their principal health care provider. and the republicans say the first issue that we have got to discuss, the number one thing, everything else can go forward or not go forward on the budget, the first thing we have got to do is defund planned parenthood. that means defunding health care for women. and make no mistake, what this is really about is about women's access to abortion. and even though not one federal dollar goes to pay for abortions through planned parenthood, the republicans want to find one
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more way to make it harder, to make it impossible for a woman who is facing one of the most difficult decisions of her life, they want to find a way to make it harder on her to get the health care he needs. all i can say is, we have been in that world before. when i talk about 1955, i'm talking about a world where women died, a world where women committed suicide rather than go forward with a pregnancy they could not handle. and what the republicans are saying is that they want to go back. i want to make it clear, we are not going back. not now, not ever. [applause]
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jake: two that they are not doing a straw poll here. senator warren: we are doing a straw poll. difficult the 2016 elections. the republicans want to run on shutting down women's access to cancer screening and shutting down women's access to birth control, and shutting down women's access to non-government-paid for abortions. they will have a real fight on their hands. let them do it. [applause] jake: you have been a longtime advocate for financial reform. in the past, you have, there have been words between you and then-senator joe biden. you pointed out that his home state of delaware is one where a lot of banks are headquartered. you recently met with him. what can you tell us about that meeting. what can you tell us about where he is on these issues that matter a great deal to you? senator warren: well, we had a long lunch, and talked about a whole range of policy issues. but principally, about how we will rebuild america's middle class. about how we create opportunities for working
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families. how we create opportunities for poor families. and both of us see this is a principal role of government. it's about the investments we need to make, and the investments we need to make together. we also talked about the need for a cop on the beat on wall street. we talked about support for the consumer financial protection bureau, and it was a good conversation. joe biden is somebody who cares about america and cares about america's families, and i think that has been true for a long time. that's what the conversation was about. jake: you have disagreed very sharply. senator warren: you bet. it was over bankruptcy laws that the credit card companies wanted to tighten so they could squeeze more profits out of working families, and senator biden was on one side in the fight, and i was on the other.
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you better believe, i did not hold back. jake: are you still on opposite sides of the issues? senator warren: of that issue? yeah. jake: speaking of the consumer financial protection bureau, there is a moving congress to replace the director with a five-person bipartisan panel. some of the democrats in the house that have expressed support for it a it will be protection for if a republican is ever in the white house. senator warren: that's what the president of the american bankers association came out with yesterday. he said he is so worried about this consumer agency that forced the largest financial institutions in the country to return more than $10 billion to families they cheated. he is so worried about keeping that agency up and strong, that he wants to make sure there is a five person commission like on the sec, because -- fcc, because that will really keep the cfpb strong. jake: you don't buy it.
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senator warren: do i look dumb? jake: no. [laughter] just in case you were wondering what my answer was. on the record, you don't look dumb. you have also been accused this week of leading ideological purges. that's from the conservative wall street journal editorial page. obviously you were not the biggest fan of the idea of larry summers becoming fed chair. you blocked antonio weiss from becoming undersecretary for domestic finance, and recently you objected to a nonresident scholar from brookings presenting a paper in which he did not fully disclose, according to brookings rules, where the money came from. are you leading an ideological
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purge? senator warren: let's talk about the situation at brookings. this is personal. he published a study that was way out of line with the findings from other independently funded research. jake: about a specific rule. senator warren: the rule is whether or not there ought to be what's called a conflict of interest rule. so that investment companies cannot recommend products to consumers that are really great for the agencies recommending them but really lousy for the consumers. the department of labor put out a rule. the research generally shows that american families lose about $17 billion a year to the industry and certain players in the industry who favor themselves, the broker over the customer. there's a lot of other research about this.
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then he puts out a study that totally goes the other way. then it gets criticism in academic circles for the methodology. so he came in front of a committee that i am on to testify, and there's just a line in the testimony about research supported by, and it identifies one of the companies that stands potentially to lose money if the department of labor rule goes through, and very much like the outcome that he addressed. so i just followed up. i did questions for the record to ask for more information about where the money had come from, and we found out a couple of things. he personally got $38,000 for this. the company he works for got more than $70,000 for this. and the company that funded it, they were the sole funder, and they got to look at, advise, review the work as it was a work
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in progress. so, that raises some real questions about the independence of the research. [laughter] so, i wrote a letter to the department of labor, because this research has been cited a lot by the industry. the industry has really been counting on this piece of research. so i wrote a letter to the department of labor asking brookings about it. and that's where it went from there. jake: that's all the time we have. senator elizabeth warren, everybody. [applause] ♪
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