doom his big win for best supportin actor makes him the first asia actor to take the category i 34 years and later, indiana jones himself, the one and onl harrison ford presented th ward for best picture to his old costar a film. this led to these amazing side by side photos decades later and of course, our frien michelle yeoh, who told us las week this award matters. she made history as the firs asian woman to win bes actress. here's a sampling of some of the best moments from thos speeches >> dreams are something yo have to believe in i almost gave up on mine to all of you out there, pleas keep your dreams alive [applause] >> to all of the people wh have supported the genre movie that i've made for all these years, the thousands and hundreds of thousands of people,

we just won an oscar to gather >> for all the little boys and girls who look like me watchin tonight, this is a beacon of hope and possibilities this is proof that dreams drea big, and dreams do come true and ladies, don't let anybod tell you you are ever past you prime. never give up! [applause] >> and on that, american dream affirming note, i wish you a good night from all of our colleagues across the networks of nbc news, thanks for staying up late i'll see you at the end of tomorrow ♪ ♪ ♪ >> thanks for joining us this hour. it's really good to have you here when we get a new president in this country, or when we get a

president reelected for a ne term, that president i inaugurated. he, or maybe someday she, is sworn in to start a ne presidential term in january right? that's why it's always so cold january 20th is when the inauguration happens but that has only been tru since the 1930s. up until the 1930s, presidents did not get inaugurated in january. they waited another two months they did not get inaugurated until march. the last time a president go inaugurated on the old date, i march, the final march inauguration was march 4th 1933 that was when fdr, president franklin delano roosevelt go sworn in as president for th first time but that was also the last tim we as a country had to wai that four month period after the election before we let the new president takeover

after we had that firs inauguration of march 1930 three of fdr, after that, actue united states constitution i order to make that change. and they call that amendment t the constitution, the 20th amendment, they call it th flame duck amendment because by moving th integration from march back to january, we were shortening th lame duck period we were trying to eliminate long lame duck period afte which the old present had been voted out, but before that i would start on the job i mean, the idea was sort of obvious, right it was to try to minimize th risk of crisis, minimize the risk of confusion in terms o who is running the country i case something hickey happened and that interregnum perio between the election and the start of the new president's term so, the last time we had one goes long four month

interregnums before th inauguration of the ne president was in 1933. and that year, by the time w finally got around t inaugurated franklin delan roosevelt as the new president it was really, really obviou that year in 1933 that it wa passed time to make that change it was really, really obviou in 1933 that it was going to b a good idea to not wait unti march anymore. to instead let a new president takeover sooner. and the reason that was so obvious in 1933 is because whe fdr finally got inaugurate that year, finally got inaugurated in march, 1983, we were literally in the middle o a nationwide run on the banks. when he got inaugurated. this was in the middle of th great depression, of course, 1933 and during the term of the previous president, republican

herbert hoover, who had disastrous presidency in economic terms, during hoover' time in office, there had been a series of banking panics people making runs on banks. it happened in specific part of the country in 1930, and in 1931 but then in 1932, there was really big surge in bank failures in both the west an the midwest. and there started to be national panic in 1932, when that nationa panic was taking hold, individual states starte declaring bank holidays. that was the first one to do it but then other states including michigan, followed suit individual states starte declaring holidays, they started declaring all banks to be close on specific days, basically just to stop peopl from rushing in and pulling al of their deposits an collapsing more banks. but doing that in a piecemea way, doing that state by state sort of happenstance, random

state by random stance, random state by random state, wasn' enough and the problem spreading. and the fall of 1932, november 1932, that's when roosevelt wa elected in the presidentia election he was elected to replac hoover in a landslide. roosevelt won 42 states that year but even as roosevelt won, and everybody knew there was going to be a new sheriff in charge, right, that there is gonna b somebody new in charge o washington that was going to have radically different economic policies, still, th banking system was havin connections. and there is this problem, because we are still on the ol calendar, right. roosevelt won that election in november, but he was not actually able to get sworn i until march, until march 4th when he did get sworn in though, he eventually took action. desperate times call for desperate measures after hours inaugurated on march 4th, two days later on march 6th, he declared for the

first time a nationwide bank holiday, to freeze the banking system in place, to finally pu a national system, a nationa response in place to shore u banking coast to coast, to giv americans everywhere assurance that they would not lose their money in the bank's. >> and after that, we woul never again, as a country, wai that long for a new presiden to take over after he had been elected in november. when fdr sprang into action in march 1933, when he stopped th national banking crisis tw days after he was sworn in, he also, at the same time invented a whole new thing t communicate with the america people, to explain to them wha he and his new administratio were doing and how it wa supposed to work, to stop th national run on the banks. fdr was sworn in march 4th he instituted that federal ban holiday on march 6th on march 12th, he gave his

first fireside chat. and it was about the banks crisis >> my friends, i want to tal for a few minutes with the people of the united state about banking, to talk with comparatively few wh understand the mechanics o banking but more particularl with the overall majority of you who use banks for th making of deposits and the drawing of checks. i want to tell you what ha been done in the last few days and why it has was done, and what the next steps are goin to be. first of all, let me state the simple fact that when yo deposit money in a bank, the bank does not put the mone into a safe deposit vault. it invests your money in man different forms of credit. in balance, in commercial paper, in mortgages, and in many kind of loans in other words, the bank put your money to work to keep the

wheels of industry and agriculture turning around a comparatively small part o the money you put into the ban is kept in currency. an amount what's in normal times is wholly sufficient t cover the cash needs of th average citizen. >> he was a good explainer that was a good explanation to the american people of what wa going on and he went on to explain that although most banks were wel run, not all banks were well run. he said some were run by bankers who were, in his words incompetent or dishonest and he said that, you know people losing confidence in th banks had caused people, understandably, to rush to get the money out of the banks that had created the present crisis, which had led him an it's brand spanking ne government to step in and take over to try and stabilize th whole this >> let me make it clear to you that the banks will take car of all needs when the people find they ca

get their money, they can ge it when they want it for all legitimate purposes. the phantom of fear will soo be laid. people will again be glad to have their money where we'll b safely taken care of, and wher they can use it conveniently a anytime. i can assure you, my friends that it is safer to keep you money in a reopened bank the it is to keep it under the mattress >> i can assure you it's safer to keep your money in reopened bank that under the mattress president franklin d. roosevelt, that was his first eve fireside chat. it was 90 years ago exactly, 9 years ago yesterday. and just in case you are under the mistaken impression that anything ever changes ever here was president biden 90 am this morning >> today, thanks to the quic action of my administratio over the past few days americans can have confidenc that the banking system is safe.

your deposits will be ther when you need them because the actions ar regulators have already taken, every american should feel confident that the deposit will be there, if and when the need them. >> i assure you it safer t keep your money in a reopene bank that under the mattress in other news. the only thing we have to fear is fear itself 90 years apart same message from the president, 90 years apart another bank run and the reason president biden today was able to say you don' have to put your money under the mattress, it's safe, we're making sure of it, everybody who deposited money in these banks will be able to get thei money out of these banks, th reason he was able to promis that today is also because o fdr. because after franklin d roosevelt was sworn in in march, 1933, and two days later, he took control the banking crisis, and six days later he gave his first fireside chat, in whic he explain the full bankin crisis to the american peopl and told him what he was doing

to get a hold of it, just a fe weeks after that, fdr signed legislation that created the fdic, the federal deposi insurance corporation, which i exactly what it says if you make deposits of your own money into an american bank, any federal bank that is insured by fdic can guarante you, that the federa government will provid insurance for you deposit. so, no matter what stupid your bank gets up to, no matter wha happens to your stupid bank, the money you deposited is insured. you will be able to get it back fdr created fdic in 1933 but right after he was inaugurated today we are still benefitin from it. and today in america, we'r having another one of thos thank you, fdr, kind of days because wednesday last week, a bank called silver gate wa first to go kaput. this is the bank in california that was all tied up in th

cryptocurrency rocket. they went to put on wednesday. senator elizabeth warren, wh ended up being a senator and presidential candidate, wh became a national public figur at all because of her hard nosed plain talkin explanations and criticism about bad actors in th financial world, elizabeth warren was all over it whe silvergate bank collapse wednesday last week. she said, quote, as the banker choice for crypto, silvergat bank's failure is disappointed but failure. i warned of silvergate's risky if not illegal activity, and identified severe due diligenc failures now, customers must be mad whole and regulators shoul step up against crypto risk. that was wednesday, when tha bank failed. then late wednesday night, another california bank, silicon valley bank announce that they had lost nearly tw billion dollars. and that started a run on that bank by their depositors venture capital firms in

particular appeared to hav pulled their own funds out o silicon valley bank, and tol committees they're invested in that they too should pull thei money out of that bank and so, by close of business o thursday, people who had their money deposited in silicon valley bank had tried to pul more than 40 billion dollars out of that bank that was close of business thursday by friday, mysteriously that bank had decided it would pa out a bunch of bonuses [laughter] to their staff and executives, just hours before the federa government, the fdic came in t take them over interestingly, the governmen apparently over the weeken tried to find someone, som other company, to buy silico valley bank. in the end, they decided the didn't have time to make tha sail properly, given the ris that this thing was going to spread and more banks were going to fail, so they gave up on that over the weekend after initially trying to do that. by sunday, by yesterday, sur

enough, another bank was down, signature bank, which is another bank that was all tied up in the crypto currency -- so, what does this mean? i mean, first of all, people who put their money into those banks are going to get their money back the fdic, thank you fdr, insurers every bank account up to a quarter million dollars and the biden ministration say deposits bigger than a quarter million dollars, those will be covered as well. so, people who deposited their money will be able to get back the money they deposited over and above the quarter million dollars that's covered by fdic, the additional amount is being covered, apparently by the federal government, by fund for the banks pay into, which is why president biden was able to say today that the pac stairs will not be on th hook for covering thes failures but still, or talk about the biggest bank failure since the financial catastrophe that hit at the end of the george w bush administration 2008

the biggest bank failure financially, just in terms o raw numbers, the biggest ban failure ever in the u.s. was washington mutual, which faile during the 2008 crisis the second biggest bank failur ever in the u.s. is this silicon valley bank, which has failed now second biggest bank failure in u.s. history here's the question though is this it i mean, is what we're seeing here, these three banks fallin apart in quick succession, i this a sign that something was just wrong at the specific banks? that these guys specifically did something wrong? or is there a bigger, wide problem here that should mak us worry about more banks than these once and how is this different than what happened in the giant financial catastrophe 2008 and 2009 some of that we know for one thing, when we had a huge bank bailouts then, which have caused, you know, not onl

economic ripples, but politica ripples for more than a decade since, part of the anger, part of the, i think, political realignment that happened in response to the anger abou those bailouts, was because no only did bank executives not get in trouble, those bank bailouts included more tha just the people who had pu deposits and these banks, more than people who just had money deposited at these banks and benefit therefore when the banks got rescued. when there was the bank -- the big bank bailout in 2008 and 2009, the people who didn' get bailed out where the peopl that just had to pause to the, bank it included people wh held stock in those banks. you know, shareholders who had invested in those banks an financial institutions they got bailed out two in 200 and 2009, which never made any sense. president biden said today that's not going to happen thi time he says people who deposited

their money in these, banks, yes they will be protected but people who invested in these banks, people who just held stock of these banks, no. when you invest, you take risk [laughter] so, those people took a risk b investing in these financial institutions investors will lose thei investor money shareholders will not be rescued. that seems sensible. that is different in 2008 an 2009 why did shareholders investors get bailed out the first tim around anyway? i don't remember and why didn't we learn this lesson from the last time this happened in 2008 and 2009? and there, there's a real story. it's a story with some familia political actors in it when we had financia catastrophe in 2008 and 2009 congress did pass a big packag of new rules for the financial industry to stop this from happening again. you'll remember that thi happened you may remember president obama signing these new rule into law in 2018

right, you see christophe an barney frank, there it was called barney frank. these were rules signed into law in 2010 that made bank keep acts amount of cash on, x amount of liquid asset, so the can meet the customer demand of the customers all came in t withdraw their money even if a whole bunch of the did it at once the new rules limited th riskiness of what banks coul invest their customers money in, just as fdr explained, when yo deposit money in a bank, it' not like they just lock it u in the vault, they do stuf with your money. dodd-frank established new rules in terms of the riskines of what banks could do wit your money and dodd-frank require financial institutions to pass stress tests, where they'd hav to show they could survive and not collapse if somethin economically bad happened. those new rules were ver hard-fought, after the 200 2009 financial catastrophe but they were passed by th

democratic led congress, signe by president obama in 2010 then what happened well, eight years later in 2018, after relentless lobbying by the banks and the financia industry, once republicans wer in control of congress and president donald trump was i the white house, guess wha happened they decided it was way past time to rollback those new safeguards >> the legislation i'm signing today rolls back the crippling dodd-frank regulations >> oh, good. that rollback was passed, wa signed by then president donal trump in 2018. in the senate, it was passed b all the republicans, and 1 democrats, 17 moderate and conservative democrati senators who joined with republicans to pass it in the house, there were 3 democrats who joined wit republicans to pass it including future democrati senator, well, now no longer

democratic senator, kyrste sinema that repeal of the dog frank you know, seatbelts, tha repeal of the dodd-frank safet regulations in 2018 made it so those rules that were put into effect to stop there being another crisis, they would not apply to all that many banks anymore. senator elizabeth warren, at the time, called bs on the sol thing. and she did it right here on msnbc, but our friend chri hayes. watch this it turns out elizabeth warre was exactly right when she sounded this alarm in 2018 >> senator elizabeth warre took the floor today to expres outrage over ability republicans are soon expecte to pass, with the help of some senate democrats the bill it will back many the wall street reforms passed a decade ago, follow the financial crisis and senator elizabeth warren joins me now why -- how does this get 67 votes i know you haven't actuall voted on it so far [laughter]

but -- >> i'm sorry, let me just stop you right there. 60 - seven how does this get an votes, any votes we are now, next week will b the tenth year anniversary o when lehman brothers crashed and signaled to the entire world that the collapse of 200 had started. and how it could be that after we got some dodd-frank protections in place, after we got ten years, nearly, o trying to rebuild, after the banks are more profitable than they've ever been in history how could it be that thi congress is saying, i know wha let's do let's make it easier to make big banks to cheat america families let's make it easier for the to load up on risks. let's take 25 of the 40 larges banks in america, banks that sucked down 50 billion dollars in bailout money, and nobody

went to jail, let's take the off the watchlist and trea them like tiny community banks out somewhere nowhere wher they can hurt the economy. nobody can explain why they're saying that banks that are u to a quarter of a trillion dollars should be regulated as if their community banks >> that was elizabeth warren i 2018 and that is, in fact, exactl what passed in 2018. that is what donald trump side 2018 elizabeth warren, when she predicted what that would do what kind of risk that create, that was one hunted percen right. this silicon valley bank, this is one of the banks whose ce lobby that a bank like his should not be subjected to the new regulations, that his bank was no risk to anyone. and because of that change signed by president trump in 2018, in fact, silicon valle bank did not have to b subjected to the extra stres

test it didn't have to be subjected to the, you, know dodd-frank regulations on what it could d with customers money it didn't have the extra dodd-frank liquidity requirements to make sure they have enough cash on hand if th customers all came knocking on the door at the same time, which, they did. they did in palo alto, they di in santa clara, they did acros the country, in wellesley, massachusetts, they did all of the country and every town really had a branch. the type of stress that this bank was just subjected to i the type of stress they were supposed to be tested against, had they not lobbied hard fo themselves to be exempted from the new regulations that wer otherwise put in place after the last crash to stop thi from happening elizabeth warren was right whe she said what rolling back those regulations would do i 2018 while, now, today, that is com to pass, she says this in th york times she says, quote, no one should be mistaken about what unfolde

over the past few days in th u.s. banking system. these recent bank failures are the direct result of leaders i washington weakening the financial rules. in the aftermath of the 2008 financial crisis, congress passed the dodd-frank act, t protect consumers and ensure that big banks can never again take down the economy an destroy millions of lives. wall street chief executives and their armies of lawyers an lobbyists heated this law. they spent millions trying t defeat it. and when they lost, they spent millions more trying to weaken it greg becker, the chief executive a silicon valley bank, was one of the many high powered executives that lobbie congress to weaken the law and 2018, the big banks one, but support, from both parties present party -- side a lot to rollback critica parts of dodd-frank law. banks like silicon valley bank which became the 16th larges bank in the country, befor regulators shut it down on friday, got relief fro stringent requirements, basing their claim on the laughable assertion that banks like them were not actually big, therefore, they didn't need strong oversight she says, quote, i fough

against these changes. i wish i had been wrong. but on friday, silicon valle bank executives were bus paying out congratulator bonuses hours before the fdi rushed in to take over there failing institution, leaving countless businesses and nonprofit -- with accounts of that bank alarmed they would be able t pay their bills and employees. at congress on the federal reserve not rollback the stricter oversight, svb it would've been subjected to stronger or comets to withstan financial shocks they wouldn't require to conduct regular stress tes exposed vulnerabilities, and shore up their businesses. but because those requirements were repealed, when an old-fashioned banker and hit them, they couldn't withstan the pressure these threats never should hav been allowed to materialize. joining us now is senato elizabeth warren, democrat o massachusetts, and a member of the senate banking committee senator, i really appreciate you making time to be here tonight. thank you. >> thank you >> so, you understand thes

things well. i really do not. i don't have a head for this stuff. i'm not a person who's financially minded, at all let me just first start by asking you if i've missed ou anything important or of explain this in a way that comports with your understanding. >> no, you got it basicall right, that's a way to understand this crisis is it's really got kind of three players in it. the first is congress an president trump, who said let' weaken the regulation, which you've hit really hard the second part is the regulators themselves, i particular, the fed, i particular, jerome powell th chairman of the federal reserv bank, who took that change i the laws and boy did he ru with it. in fact, he ran further than a lot of people even thought the law led him. in tailoring the oversight o those banks in order to make i as weak as possible. and by the way, just a littl

side note, i very much opposed is being renominated to th federal reserve bank and the reason was exactly this what he had done on using th opportunities he had by th change in the law in 2018 to weaken bank regulations. in my view, he was just headed in the wrong direction and that's what made him dangerous. in a position of chair of th fed. but then there's part three, and that is those executives those bank ceos who lobbie hard to yet this change in the law, those are the ones who, when the window opened, wow, where they ready to go and they went out and they decided to load up on risk and why? they loaded up on risk because it made their banks more profitable, and that meant i made them have a highe salaries, they got to rule ove

bigger banks, they got big bonuses, they brought in their friends, and they did all of that by taking on more risk. and it worked. svb increased its profitabilit over the last three years by 40%. they took on all that risk made themselves more profitable, right up to the day the bank exploded and that's, that's the whole story. part one, the congress, part two, the regulators, and par three, the executives who took advantage of this. >> people around the country are watching, this and i think people around the country trus you on these issues becaus this is how we all got to know you as a public figure in th first place, was explainin these difficult and scar things, particularly in moment of crisis. people around the countr watching you right now who don't have deposits at silvergate or at silicon valle bank or at signature may not have even heard of some of these banks. how are their deposits and

other communities and big banks, they're wondering if this is a problem specific to the tech industry, which is the silicon valley bank, and the crypt industry, which seems to hav been tied to signature and t silver gate, these other banks people are wondering if this i something that's confined to sort of niche areas of the economy, or if this is something that these same sort of criticisms you're describing, apply to other kinds of bank are potentially even bigge banks as well. >> so, when you talked about regulation, one little twist o it is we really have had, sinc dodd-frank, a kind of to tea regulatory system. one for the community bank that is pretty light touch regulation it says, in effect, they didn' cause the crash back in 2008 and they're not going to cause a crash later on they are pretty simple how they're run, prett straightforward, they serv their communities. and frankly, they don't need a

whole lot of oversight that's great and it works well. if you have your money in bank like that, good for you it will be fine. the very largest banks still have the tougher regulatio that dodd-frank put in place the great big name brand banks what happened is these banks they're often called regiona banks, even though they're really national, is this tea of banks that are big, that th o-line had been anybody with more than 50 billion dollars i assets is going to be subjec to the stronger regulations. they've got it changed to 25 billion. and what you have is this grou of very aggressive banks, some more aggressive than others, some run in wilder ways than others but that's where the problem i in the system. whether president of the unite states has now said, and i wan to stop here and say, boy, am

glad that joe biden is president of the united states right now, he approached thi in a way that is very calm stayed right on top of it, and said we are going to have to d something different here we're going to have to tell al those small businesses who got their money in those banks, al those nonprofits who got their money in those banks, all thos folks who are worried abou meeting payroll when monda rolls around, their money is fully protected. and that's what everybody at home needs to know if you are depositor in one of these banks, your money is fully protected. take a deep breath nothing you need to worry abou on that end of it. but our job is to think abou the system overall and that means we need congres to act congress needs to rollback the trump tack, the trump bank regulation relief. we need to make a change in th

laws, because then that will affect the regulators, and the regulators will make sure that they are engaging in close supervision over those banks and that, in turn, will rain i any of the ceos that think banking is a great place to ge a multi million dollar salar and a bunch of bonuses and you own jet plane. remember, you and i have talke about this before, what should banking be banking should be boring >> [laughter >> and anybody who wants t take a lot of risks, and make lot of money, should not be in banking. banking should be boring and that's how we need to make some changes in the law. we, congress, need to go back, we need to get rid of the trum banking bill and go back t better regulation. we do that, we'll make banking murray again >> sign of a functioning democracy and a well-rounded

polity is when people, not onl is banking boring, but whe people are right and everyon else is wrong, and it become crystal clear on days like this, the people who are right get t have the last word about it, a least get to be the ones who have the pride of place. and senator elizabeth warren that's why on days like this we turn to you thank you for your clarity, as always thank you for joining us tonight, senator >> thank you >> and we'll be right back stay with us ♪ yeah, ♪ ♪ so let's get it ♪ ♪ i'm feeling good vibes ♪ somewhere out there is that one-in-a-million. someone who thinks with their hands. who can shape raw materials into something meaningful. and who wants to serve in their own way. if you're out there. if you're looking for more. we're looking too. we're calling on a new generation of builders

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author named judy peco, perhap you read one for book, or bunch of them. she's published nearly 30 books, sold tens of millions of books she's a new york times bestselling author many time over she huge and a few days ago, jody picoult was shocked to learn that one of her books has no been banned. the book is called the storyteller. the book about the holocaust and a county in florida has no banned it from its schoo libraries, under republica governor ron desantis's broad,

vague new laws about what kids can and cannot respond jodi picoult responded wit this, she said quote, th storyteller is a novel about the holocaust. a chronicles the growth of antisemitism and fascism and not see germany. there was a strange irony that apparent one of this particula book removed, because it felt bit like history repeating itself that feeling, that stuff w thought maybe we had lef behind, is rearing its hea again. that feeling is having a lot these days last week, house republicans held a hearing supposedly on the origins of covid-19. they invited, as their exper witness, this guy, famous fo writing a book among other things, that jewish people are genetically of all of, they ar biologically programed to love money. that was their expert, who the brought in on the science of covid. meanwhile, here is a picture o former president trump's adult son, eric, he's the one on the

left, the blond one there. here is pena with a guy who he is now traveling the country with the guy on his left, all right is an antisemitic conspiracy theorist that says the jews di 9/11 and a hitler was fighting quote, the same people tha were trying to take down today eric trump, and this jews di 9/11 guy, are traveling th country now as something calle the reawaken america to her. in may, that russia will b taking over one of donal trump's florida properties for a weekend. this weekend in florida, polic issued citations to five men for dumping hundreds o antisemitic -- antisemitic neo-nazi flyer around a neighborhood in wes palm beach the men were not arrested, the were ticketed for littering. npr this weekend just reported on a group of self described not seize, who have been projecting giant five stor tall swastikas and other antisemitic imagery on tal

buildings in the city of jacksonville, florida. and then there was ohio this weekend. right wing extremists, white supremacist groups have lately been targeting drag queen stor hours. but what happened in ohio this weekend was a different orde of magnitude one drag queen storytellin event in a park in the town of wadsworth, ohio, drew hundreds of protesters, including lot and lots of full on neo-nazis. many of them armed, lots o them carrying swastikas flag and shouting signal. i'm going to show you a little bit of footage we've obtaine from the event, just a littl bit, because i really don' want to give these guys th publicity they crave but i do want to show you just a few seconds so you can get a sense of how unnerving thi must of been for tha community. it probably goes without saying, you may find this footag upsetting. here it is [screaming] >> the guy all the eagle!

>> why mark additions! why mark additions >> so, they're doing see kyle, z kyle, and you hear the saying why maher conditions, why more solutions they talk about hitler, hiller overthrew the weimar republic. by the way, healer solution was? then again, these guys are out in numbers and enforce screaming at ohio kids thi weekend. we've got some folks on th right trying to ban books abou the rise of nazism and the ris of antisemitism in 1930s germany. while others are literally trying to make it happen all over again stay with us, we've got more t come with us tonight

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in this country in the pas couple of years. and i think this year in particular, on really really violent extremism that i gushing out of political far-right in this country. and i don't focus a lot on i on this show in particular i think it's superport we don' look away from that. but when we talk about not jus the extremes, and not just the ultra right, when we talk abou conservatives gaining electora power in this country, even as the very far-right feels mor and more empowered to be mor and more extreme, we have to look at how republicans ar approaching government and gaining and exerting power ove

the american people. more and more republicans ar doing that with structural changes that they're making to our country. chasing the way, for example we run our elections, weakenin and bending the rule of law in some cases, making it easier for them to hold on to power making it harder for anybody else to take it from them. this is happening at a tim that one of the big thinkers o my generation, one of the bi thinkers of my time, in term of democratic party politics one of the guys who's been for a couple decades now, among th people in charge of countering conservative dominance he's leaving his job his name is guy cecil. and whether or not he's household name in your household, he's a longtime fixture in mainstrea democratic politics. he worked on hillary clinton's presidential campaign in 2008, he ran the arm of the part that work to get democrats elected to the united states senate in 2015 mr. cecil took over as chairma of a democratic super pa called priorities usa. priorities usa was born out of

the citizens united suprem court ruling, which allowed bi money back into politics priorities usa was basically democratic parties answer to that ruling. and under his leadership, gu cecil turned what was basicall a run-of-the-mill super pa into what is now a big tool of the democratic party's electoral toolbox. under his tanner, priorities usa pelted the airwaves with more than 12,000 ads, promotin democrats a democratic causes. they range more than 600 and $50 million to try to help democrats flip seats up an down the ballots their ads, their campaigns wer crucial in flipping the hous in 2018, holding on to the senate in 2022 guy cecil is one of the partie biggest thinkers in terms of democratic strategy, in term of what democrats should b doing to counter republica electoral machinations and now, he is leaving tha job. he's announced he's leavin priorities usa at the end of this month, after eight year in that landmark a ver

important job. which made me want to grab him tonight, for something i hope can sneak it as an exi interview without letting hi know that's what i'm doing he joins us here now on set fo his first tv interview since the announcement mr. cecil, it's nice to se you. thank you for being here >> after all of that, maybe should stay. >> [laughter well, i mean, here's the thing you're not a household name in every household. but for political junkies, people who know the democratic party works, you are a big deal first of all, i have to ask you, are you leaving for some intriguing reasons is there something terribl wrong? >> no, nothing wrong >> you are leaving because you want to do something different >> well, i never imagined in 2015 that i would be here eigh years later. at the time, we are traditiona super pac. we ran ads and we existed every four year to do that and after 16, we realize thi is not the way we win. that republicans invest in the long term. they invested in the federalis societies, they invest i institutions that aren't jus

about one issue or one candidate, but about makin long term ideological change and so, we thought, hey, w have this opportunity, we have this vehicle, let's identify a couple the structural gaps w see now, and let us help the democratic party in th progressive left fill some close gaps and we are doing that. and we have had the same leadership team now for si years. i get to come on shows and tal about our great work but the reality is we have a team led by our executiv director, daniel butterfield who, they are gonna continue doing this work. how do we close the digita divide between the left in the right? how do we counter algorithms that reward hatred and right-wing ideology? how do we make sure we're no fighting just against vote suppression through litigation but voter suppression to misinformation all those things are going t continue but i also think organizations benefit from change. they benefit from ne leadership and fresh thinking. and i think it's also importan

for leaders of those organizations every once in while to take a step back, t remove themselves from the minute by minute work, and t ask themselves what am i now called to do and for me, knowing th organization was going to be i good shape, having a lot o trust in the leadership. i thought now is the right tim to take a step back. and to take a another look a what's happening in our country, at how i can best serve. >> so, at this inflection point, they are making for all thos reasons, which i trust you, in terms of explaining thos things i'm not looking for -- but at this inflection point where do you feel like the democratic party has groun that it can really make up not just places where th democratic party is behind places where the democrati party can do it, can catch u to the republicans, on some of these sort of structural lon term projects, that for example, the federalist society and other groups on the right have had an example >> i think is a great place to start. they're now out in the ope about what their intention

are. there are billions - >> and there's a larger cohort of leaders there's over 1.4 billion dollars invested in creating federal societies that are jus focused on the courts, but are focused on silicon valley, are focused on education, focuse on technology. we are not prepared to comba that and we're not prepared to go o the offensive, because so much of our infrastructure is based on an issue or candidate climate is my number one issue criminal justice is my numbe one issue. i like barack obama, but i was not sure about hillary clinton not enough of our focus is o how do we make sure that we ar laying the ideological groun for all the various levers silicon valley, entertainment, to win but i think the second is more of an internal look at how w communicate. look, our party is diverse, an we're unwieldy but part of that comes because we are much more diverse tha the republican party there are more backgrounds

there are a lot of issues that we care passionately about and whether things is that w fetishes our use of data and analytics. we think that there is a magic word or issue. and we create characters out o our voters and what i think that does i make it more difficult to make a communicate across the diversity of our party black voters care abou criminal justice reform, n doubt. they also care about the goo paying jobs, health care, an education. in the same way that latin families and asian families an gay families and white familie do but we're not communicating in that way we are turning our voters into a confederacy of voters, instead of presenting a broade image of what we want th country to be. >> the other thing about the structural approach ar describing on the right, the other thing they've done, is the sort of personal as policy approach which is to make sure in every influential institution, and every feeder institution tha leads to those institutions, you've got ideological committed people, who over the

course of their entire career, are going to set a bead on achieving the ideological goal of the movement. the right thinks the left is that the left is not to that. and that sort of work is the sort of thing you have to plan literally a generation ahead >> yes, i think there's tw things they're reall important. number one, there's a mytholog that we are the party of big government, republicans are th party of small, limite government that is actually not true. republicans are the party of limited government when it comes to helping the middl class preserving, you know, ou ability to take care of th poor, making sure that socia security is in place in all those instances, they want a very limited smal government but they want a large activist government when it comes t litigating my marriage to my husband, controlling the uteru of american women, protectin the right of domestic abuse is to have access to guns i feel like we need to chang the narrative a bit on how w view the republican party. the entire evangelical movement,

i used to be a baptist ministe before i got into politics, th entire eventual conservative movement sold their soul for a issue. and they apologized for donald trump for six years, and continue to do so, because the had their eye on the long term ball, which is destroying ro v. wade, nationalizing a ban o abortion we need to think more term about how we are going t engage in every level of the ballot, and across every sever of influence because the reality is, most americans agree with us on mos issues so, we have to ask ourselves whose fault is that we're no effectively commuting the? things and i don't want to overstate the problem. we have a democratic president we have democratic senate. it's easy for a love language, anxiety in the democrati party. but i do think it's importan for us to just take a step bac and say, okay, what we d better because a really try to make our country fair, more prosperous, and more judge and our job is to do the har

work to make that happen >> kai cecil, who for the last eight years, was chairman of priorities usa, who is down wa more than you think to shape what you have ever heard fro any democratic party or cause. guy, good luck to you. >> thank you >> all right, we'll be right back, stay with us r protection so you can keep doing you. skin your face will envy? with olay hyaluronic body lotion 95% of women had visibly-smoother skin. be fearless with olay hyaluronic body lotion and body wash. (psst psst) ahhhh... with flonase, allergies don't have to be scary spraying flonase daily gives you long-lasting, non-drowsy relief. (psst psst) flonase. all good.

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who are positive for acetylcholine receptor antibodies, it may feel like the world is moving without you. but the picture is changing, with vyvgart. in a clinical trial, participants achieved improved daily abilities with vyvgart added to their current treatment. and vyvgart helped clinical trial participants achieve reduced muscle weakness. vyvgart may increase the risk of infection. in a clinical study, the most common infections were urinary tract and respiratory tract infections. tell your doctor if you have a history of infections or if you have symptoms of an infection. vyvgart can cause allergic reactions. the most common side effects include respiratory tract infection, headache, and urinary tract infection. picture your life in motion with vyvgart. a treatment designed using a fragment of an antibody. ask your neurologist if vyvgart could be right for you.

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