Washington Week with The Atlantic
Special | 24m 50s | Video has closed captioning.
The political and economic consequences of the government shutdown and the impact should the U.S. default; Janet Yellen to lead the Federal Reserve; and SCOTUS takes on the campaign finance law.
Aired: 10/11/13
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GWEN: POLITICAL PARALYSIS IN WASHINGTON.
WITH STALEMATE, GRIDLOCK AND WASHINGTON.
WITH STALEMATE, GRIDLOCK AND PERHAPS THE BEGINNING OF A WITH STALEMATE, GRIDLOCK AND PERHAPS THE BEGINNING OF A BREAKTHROUGH.
PERHAPS THE BEGINNING OF A BREAKTHROUGH.
TONIGHT ON "WASHINGTON WEEK."
BREAKTHROUGH.
TONIGHT ON "WASHINGTON WEEK."
>> I DON'T WANT TO PUT ANYTHING TONIGHT ON "WASHINGTON WEEK."
>> I DON'T WANT TO PUT ANYTHING ON THE TABLE AND DON'T WANT TO >> I DON'T WANT TO PUT ANYTHING ON THE TABLE AND DON'T WANT TO TAKE ANYTHING OFF THE TABLE.
ON THE TABLE AND DON'T WANT TO TAKE ANYTHING OFF THE TABLE.
GWEN: CAUTIOUS.
TAKE ANYTHING OFF THE TABLE.
GWEN: CAUTIOUS.
DEAL MAKING.
GWEN: CAUTIOUS.
DEAL MAKING.
>> WE HAVE SIMPLE, SIMPLE DEAL MAKING.
>> WE HAVE SIMPLE, SIMPLE REQUEST.
>> WE HAVE SIMPLE, SIMPLE REQUEST.
OPEN THE GOVERNMENT.
REQUEST.
OPEN THE GOVERNMENT.
LET US PAY OUR BILLS.
OPEN THE GOVERNMENT.
LET US PAY OUR BILLS.
GWEN: CAREFUL POSITIONING.
LET US PAY OUR BILLS.
GWEN: CAREFUL POSITIONING.
>> WE'RE NOT GOING TO PAY A GWEN: CAREFUL POSITIONING.
>> WE'RE NOT GOING TO PAY A RANSOM FOR AMERICA PAYING ITS >> WE'RE NOT GOING TO PAY A RANSOM FOR AMERICA PAYING ITS BILLS.
RANSOM FOR AMERICA PAYING ITS BILLS.
GWEN: A POLITICAL POKE OR TWO.
BILLS.
GWEN: A POLITICAL POKE OR TWO.
>> THIS AFTERNOON PRESIDENT GWEN: A POLITICAL POKE OR TWO.
>> THIS AFTERNOON PRESIDENT OBAMA SHA INVITED THE SENATE >> THIS AFTERNOON PRESIDENT OBAMA SHA INVITED THE SENATE REPUBLICANS TO THE WHITE HOUSE.
OBAMA SHA INVITED THE SENATE REPUBLICANS TO THE WHITE HOUSE.
IF I'M NEVER SEEN AGAIN, PLEASE REPUBLICANS TO THE WHITE HOUSE.
IF I'M NEVER SEEN AGAIN, PLEASE SEND A SEARCH AND RESCUE TEAM.
IF I'M NEVER SEEN AGAIN, PLEASE SEND A SEARCH AND RESCUE TEAM.
GWEN: AND PUBLIC EXASPERATION.
SEND A SEARCH AND RESCUE TEAM.
GWEN: AND PUBLIC EXASPERATION.
>> LET'S GET OFF THIS MY WAY OR GWEN: AND PUBLIC EXASPERATION.
>> LET'S GET OFF THIS MY WAY OR THE HIGHWAY STUFF.
>> LET'S GET OFF THIS MY WAY OR THE HIGHWAY STUFF.
LET'S COMPROMISE.
THE HIGHWAY STUFF.
LET'S COMPROMISE.
GWEN: AUTUMN IN WASHINGTON.
LET'S COMPROMISE.
GWEN: AUTUMN IN WASHINGTON.
AT THE SUPREME COURT RETURNS TO GWEN: AUTUMN IN WASHINGTON.
AT THE SUPREME COURT RETURNS TO DEBATE CAMPAIGN FINANCE, AND AT THE SUPREME COURT RETURNS TO DEBATE CAMPAIGN FINANCE, AND THE PRESIDENT PICKS A NEW DEBATE CAMPAIGN FINANCE, AND THE PRESIDENT PICKS A NEW LEADER FOR THE FEDERAL RESERVE.
THE PRESIDENT PICKS A NEW LEADER FOR THE FEDERAL RESERVE.
>> WE CAN AND MUST SAFEGUARD LEADER FOR THE FEDERAL RESERVE.
>> WE CAN AND MUST SAFEGUARD THE FINANCIAL SYSTEM.
>> WE CAN AND MUST SAFEGUARD THE FINANCIAL SYSTEM.
GWEN: COVERING THE WEEK, JOAN THE FINANCIAL SYSTEM.
GWEN: COVERING THE WEEK, JOAN BISKUPIC OF REUTERS.
GWEN: COVERING THE WEEK, JOAN BISKUPIC OF REUTERS.
GREG IPS OF E ECTHONOMIST.
BISKUPIC OF REUTERS.
GREG IPS OF E ECTHONOMIST.
ALEXIS SIMENDINGER OF GREG IPS OF E ECTHONOMIST.
ALEXIS SIMENDINGER OF REALCLEARPOLITICS.
ALEXIS SIMENDINGER OF REALCLEARPOLITICS.
AND JIM TANKERSLEY OF "THE REALCLEARPOLITICS.
AND JIM TANKERSLEY OF "THE WASHINGTON POST."
AND JIM TANKERSLEY OF "THE WASHINGTON POST."
>> AWARD-WINNING REPORTING AND WASHINGTON POST."
>> AWARD-WINNING REPORTING AND ANALYSIS, COVERING HISTORY AS >> AWARD-WINNING REPORTING AND ANALYSIS, COVERING HISTORY AS IT HAPPENS.
ANALYSIS, COVERING HISTORY AS IT HAPPENS.
LIVE FROM OUR NATION'S CAPITAL, IT HAPPENS.
LIVE FROM OUR NATION'S CAPITAL, THIS IS "WASHINGTON WEEK WITH LIVE FROM OUR NATION'S CAPITAL, THIS IS "WASHINGTON WEEK WITH GWEN IFILL."
ONCE AGAIN, LIVE FROM WASHINGTON, MODERATOR GWEN IFILL.
WASHINGTON, MODERATOR GWEN IFILL.
GWEN: GOOD EVENING.
IFILL.
GWEN: GOOD EVENING.
TWO THINGS YOU NEED TO KNOW AS GWEN: GOOD EVENING.
TWO THINGS YOU NEED TO KNOW AS THEER ENTER ITS THIRD WEEK.
TWO THINGS YOU NEED TO KNOW AS THEER ENTER ITS THIRD WEEK.
THE POLITICAL GROUND HAS THEER ENTER ITS THIRD WEEK.
THE POLITICAL GROUND HAS COLLAPSED UNDER THE REPUBLICAN THE POLITICAL GROUND HAS COLLAPSED UNDER THE REPUBLICAN PARTY.
COLLAPSED UNDER THE REPUBLICAN PARTY.
AND AMERICANS ARE NOW SAYING PARTY.
AND AMERICANS ARE NOW SAYING THEY ARE MORE WORRIED ABOUT AND AMERICANS ARE NOW SAYING THEY ARE MORE WORRIED ABOUT DYSFUNCTIONAL GOVERNMENT THAN THEY ARE MORE WORRIED ABOUT DYSFUNCTIONAL GOVERNMENT THAN THEY ARE ABOUT THE JOBS, ABOUT DYSFUNCTIONAL GOVERNMENT THAN THEY ARE ABOUT THE JOBS, ABOUT JOBS AND THE ECONOMY.
THEY ARE ABOUT THE JOBS, ABOUT JOBS AND THE ECONOMY.
THAT'S FROM TWO NEW POLLS OUT JOBS AND THE ECONOMY.
THAT'S FROM TWO NEW POLLS OUT THIS WEEK.
THAT'S FROM TWO NEW POLLS OUT THIS WEEK.
MY GUESS IS THIS IS WHY.
THIS WEEK.
MY GUESS IS THIS IS WHY.
>> IT'S VERY CLEAR.
MY GUESS IS THIS IS WHY.
>> IT'S VERY CLEAR.
ONE PERSON HAS THE KEY TO OPEN >> IT'S VERY CLEAR.
ONE PERSON HAS THE KEY TO OPEN GOVERNMENT AND THAT'S THE ONE PERSON HAS THE KEY TO OPEN GOVERNMENT AND THAT'S THE SPEAKER OF THE HOUSE.
GOVERNMENT AND THAT'S THE SPEAKER OF THE HOUSE.
>> I'M READY TO HEAD UP TO THE SPEAKER OF THE HOUSE.
>> I'M READY TO HEAD UP TO THE HILL AND TRY.
>> I'M READY TO HEAD UP TO THE HILL AND TRY.
BUT I'M NOT GOING TO DO IT HILL AND TRY.
BUT I'M NOT GOING TO DO IT EXTREME PARTS OF BUT I'M NOT GOING TO DO IT EXTREME PARTS OF THE REPUBLICAN PARTY STOP EXTREME PARTS OF THE REPUBLICAN PARTY STOP FORCING JOHN BOEHNER TO ISSUE THE REPUBLICAN PARTY STOP FORCING JOHN BOEHNER TO ISSUE THREATS ABOUT OUR ECONOMY.
FORCING JOHN BOEHNER TO ISSUE THREATS ABOUT OUR ECONOMY.
WE CAN'T MAKE EXTORTION ROUTINE THREATS ABOUT OUR ECONOMY.
WE CAN'T MAKE EXTORTION ROUTINE AS PART OF OUR DEMOCRACY.
WE CAN'T MAKE EXTORTION ROUTINE AS PART OF OUR DEMOCRACY.
DEMOCRACY DOESN'T FUNCTION THIS AS PART OF OUR DEMOCRACY.
DEMOCRACY DOESN'T FUNCTION THIS WAY.
DEMOCRACY DOESN'T FUNCTION THIS WAY.
>> THE PRESIDENT SAID TODAY WAS WAY.
>> THE PRESIDENT SAID TODAY WAS IF THERE'S UNCONDITIONAL >> THE PRESIDENT SAID TODAY WAS IF THERE'S UNCONDITIONAL SURRENDER BY REPUBLICANS, HE'LL IF THERE'S UNCONDITIONAL SURRENDER BY REPUBLICANS, HE'LL SIT DOWN AND TALK TO US.
SURRENDER BY REPUBLICANS, HE'LL SIT DOWN AND TALK TO US.
THAT'S NOT THE WAY OUR SIT DOWN AND TALK TO US.
THAT'S NOT THE WAY OUR GOVERNMENT WORKS.
THAT'S NOT THE WAY OUR GOVERNMENT WORKS.
>> HOW IS THIS GOING TO END?
GOVERNMENT WORKS.
>> HOW IS THIS GOING TO END?
WE KNOW HOW IT'S GOING TO END.
>> HOW IS THIS GOING TO END?
WE KNOW HOW IT'S GOING TO END.
WE KNOW HOW IT'S GOING TO END.
WE KNOW HOW IT'S GOING TO END.
WE KNOW HOW IT'S GOING TO END.
SOONER OR LATER, THE GOVERNMENT WE KNOW HOW IT'S GOING TO END.
SOONER OR LATER, THE GOVERNMENT WILL RESUME ITS FUNCTION.
SOONER OR LATER, THE GOVERNMENT WILL RESUME ITS FUNCTION.
SOONER OR LATER, WE WILL RAISE WILL RESUME ITS FUNCTION.
SOONER OR LATER, WE WILL RAISE THE DEBT LIMIT.
SOONER OR LATER, WE WILL RAISE THE DEBT LIMIT.
THE QUESTION IS, IS HOW DO WE THE DEBT LIMIT.
THE QUESTION IS, IS HOW DO WE GET THERE?
THE QUESTION IS, IS HOW DO WE GET THERE?
GWEN: GOOD QUESTION, SENATOR GET THERE?
GWEN: GOOD QUESTION, SENATOR MCCAIN.
GWEN: GOOD QUESTION, SENATOR MCCAIN.
BALKS AMID ALL THE FINGER MCCAIN.
BALKS AMID ALL THE FINGER POINTING AND ALL THE BLAME, BALKS AMID ALL THE FINGER POINTING AND ALL THE BLAME, THERE HAS BEEN SOME MOVEMENT POINTING AND ALL THE BLAME, THERE HAS BEEN SOME MOVEMENT TONIGHT.
THERE HAS BEEN SOME MOVEMENT TONIGHT.
DRIVEN IN PART BY EVIDENCE THAT TONIGHT.
DRIVEN IN PART BY EVIDENCE THAT VOTERS ARE GETTING JUST A WEE DRIVEN IN PART BY EVIDENCE THAT VOTERS ARE GETTING JUST A WEE BIT SICK OF ALL THIS.
VOTERS ARE GETTING JUST A WEE BIT SICK OF ALL THIS.
SO IS THERE MOVEMENT AT THE BIT SICK OF ALL THIS.
SO IS THERE MOVEMENT AT THE WHITE HOUSE, ALEXIS?
SO IS THERE MOVEMENT AT THE WHITE HOUSE, ALEXIS?
>> THERE'S MOVEMENT ON CAPITOL WHITE HOUSE, ALEXIS?
>> THERE'S MOVEMENT ON CAPITOL HILL AND AT THE WHITE HOUSE.
>> THERE'S MOVEMENT ON CAPITOL HILL AND AT THE WHITE HOUSE.
AND IT'S SHOCKING TO SAY THAT HILL AND AT THE WHITE HOUSE.
AND IT'S SHOCKING TO SAY THAT THE VARIOUS PARTIES TALKING IS AND IT'S SHOCKING TO SAY THAT THE VARIOUS PARTIES TALKING IS AN ENORMOUS STEP FORWARD.
THE VARIOUS PARTIES TALKING IS AN ENORMOUS STEP FORWARD.
BUT IN WASHINGTON THIS WEEK, AN ENORMOUS STEP FORWARD.
BUT IN WASHINGTON THIS WEEK, THAT IS ACTUALLY WHERE WE ARE.
BUT IN WASHINGTON THIS WEEK, THAT IS ACTUALLY WHERE WE ARE.
SO WE HAVE THE PRESIDENT THAT IS ACTUALLY WHERE WE ARE.
SO WE HAVE THE PRESIDENT BRINGING LAWMAKERS, BOTH SO WE HAVE THE PRESIDENT BRINGING LAWMAKERS, BOTH DEMOCRATS AND REPUBLICANS, FROM BRINGING LAWMAKERS, BOTH DEMOCRATS AND REPUBLICANS, FROM THE HOUSE AND THE SENATE TO THE DEMOCRATS AND REPUBLICANS, FROM THE HOUSE AND THE SENATE TO THE WATCHED AN INTERESTING MEETING, THE HOUSE AND THE SENATE TO THE WATCHED AN INTERESTING MEETING, THE SPEAKER OF THE HOUSE WATCHED AN INTERESTING MEETING, THE SPEAKER OF THE HOUSE BROUGHT AROUND 20 FOLKS FROM THE SPEAKER OF THE HOUSE BROUGHT AROUND 20 FOLKS FROM THE HOUSE REPUBLICAN CONFERENCE BROUGHT AROUND 20 FOLKS FROM THE HOUSE REPUBLICAN CONFERENCE TO THE WHITE HOUSE TO HAVE A THE HOUSE REPUBLICAN CONFERENCE TO THE WHITE HOUSE TO HAVE A DISCUSSION WITH THE PRESIDENT.
TO THE WHITE HOUSE TO HAVE A DISCUSSION WITH THE PRESIDENT.
WHICH HAD BEEN ABSENT FOR ALL DISCUSSION WITH THE PRESIDENT.
WHICH HAD BEEN ABSENT FOR ALL THIS PERIOD OF TIME.
WHICH HAD BEEN ABSENT FOR ALL THIS PERIOD OF TIME.
SENATE REPUBLICANS CAME TO THE THIS PERIOD OF TIME.
SENATE REPUBLICANS CAME TO THE WHITE HOUSE TODAY.
SENATE REPUBLICANS CAME TO THE WHITE HOUSE TODAY.
AND SO WHAT WE SAW, THIS IS WHITE HOUSE TODAY.
AND SO WHAT WE SAW, THIS IS WHERE WE ARE RIGHT NOW.
AND SO WHAT WE SAW, THIS IS WHERE WE ARE RIGHT NOW.
WE DON'T HAVE A DEAL.
WHERE WE ARE RIGHT NOW.
WE DON'T HAVE A DEAL.
BUT WHERE WE ARE IS YESTERDAY, WE DON'T HAVE A DEAL.
BUT WHERE WE ARE IS YESTERDAY, WE WERE TALKING ABOUT JUST THE BUT WHERE WE ARE IS YESTERDAY, WE WERE TALKING ABOUT JUST THE IDEA OF TRYING TO TACKLE THE WE WERE TALKING ABOUT JUST THE IDEA OF TRYING TO TACKLE THE DEBT CEILING LIMIT.
IDEA OF TRYING TO TACKLE THE DEBT CEILING LIMIT.
THE BORROWING AUTHORITY.
DEBT CEILING LIMIT.
THE BORROWING AUTHORITY.
THEN REPUBLICANS OVERNIGHT THE BORROWING AUTHORITY.
THEN REPUBLICANS OVERNIGHT STARTED TO BLEND TOGETHER THE THEN REPUBLICANS OVERNIGHT STARTED TO BLEND TOGETHER THE IDEA OF DEALING WITH THE STARTED TO BLEND TOGETHER THE IDEA OF DEALING WITH THE FUNDING BILLS.
IDEA OF DEALING WITH THE FUNDING BILLS.
ENDING THE SHUTDOWN.
FUNDING BILLS.
ENDING THE SHUTDOWN.
THOSE TWO THINGS SEEMED TO BE ENDING THE SHUTDOWN.
THOSE TWO THINGS SEEMED TO BE BLENDED TOGETHER IN THE THOSE TWO THINGS SEEMED TO BE BLENDED TOGETHER IN THE DISCUSSIONS ALONG WITH THIS BLENDED TOGETHER IN THE DISCUSSIONS ALONG WITH THIS LONGER TERM -- LIKE THE DISCUSSIONS ALONG WITH THIS LONGER TERM -- LIKE THE SWEETENER PART OF IT.
LONGER TERM -- LIKE THE SWEETENER PART OF IT.
LET'S GET TO THE BIGGER POLICY SWEETENER PART OF IT.
LET'S GET TO THE BIGGER POLICY DISCUSSIONS OF THE BUDGET AND LET'S GET TO THE BIGGER POLICY DISCUSSIONS OF THE BUDGET AND IT'S HAPPENING ON THE SENATE DISCUSSIONS OF THE BUDGET AND IT'S HAPPENING ON THE SENATE SIDE, TOO.
IT'S HAPPENING ON THE SENATE SIDE, TOO.
THERE'S NO LEGISLATION.
SIDE, TOO.
THERE'S NO LEGISLATION.
THERE'S JUST IDEAS GOING BACK THERE'S NO LEGISLATION.
THERE'S JUST IDEAS GOING BACK AND FORTH.
THERE'S JUST IDEAS GOING BACK AND FORTH.
BUT IN WASHINGTON, THAT'S A AND FORTH.
BUT IN WASHINGTON, THAT'S A BREAKTHROUGH.
BUT IN WASHINGTON, THAT'S A BREAKTHROUGH.
GWEN: SO JIM, I WONDER BREAKTHROUGH.
GWEN: SO JIM, I WONDER SOMETIMES WHETHER THESE GWEN: SO JIM, I WONDER SOMETIMES WHETHER THESE BREAKTHROUGHS, THIS MOVEMENT IS SOMETIMES WHETHER THESE BREAKTHROUGHS, THIS MOVEMENT IS BECAUSE REALITY IS COLLIDING BREAKTHROUGHS, THIS MOVEMENT IS BECAUSE REALITY IS COLLIDING WITH THE POLITICS HERE.
BECAUSE REALITY IS COLLIDING WITH THE POLITICS HERE.
AND PEOPLE ARE BEGINNING TO WITH THE POLITICS HERE.
AND PEOPLE ARE BEGINNING TO FINALLY SEE THE RESULT OF ALL AND PEOPLE ARE BEGINNING TO FINALLY SEE THE RESULT OF ALL OF THIS SQUABBLING.
FINALLY SEE THE RESULT OF ALL OF THIS SQUABBLING.
AND ALL OTAINTY ON OF THIS SQUABBLING.
AND ALL OTAINTY ON THE ECONOMY.
AND ALL OTAINTY ON THE ECONOMY.
>> YEAH.
THE ECONOMY.
>> YEAH.
THE REALITY IS THAT THIS IS BAD >> YEAH.
THE REALITY IS THAT THIS IS BAD FOR THE ECONOMY.
THE REALITY IS THAT THIS IS BAD FOR THE ECONOMY.
IF YOU'RE A GOVERNMENT WORKER FOR THE ECONOMY.
IF YOU'RE A GOVERNMENT WORKER OBVIOUSLY YOU'VE BEEN FEELING IF YOU'RE A GOVERNMENT WORKER OBVIOUSLY YOU'VE BEEN FEELING IT ALREADY.
OBVIOUSLY YOU'VE BEEN FEELING IT ALREADY.
PAYCHECKS WENT OUT THIS WEEK IT ALREADY.
PAYCHECKS WENT OUT THIS WEEK THAT WERE HALF THE SIZE OF PAYCHECKS WENT OUT THIS WEEK THAT WERE HALF THE SIZE OF NORMAL PAYCHECKS FOR GOVERNMENT THAT WERE HALF THE SIZE OF NORMAL PAYCHECKS FOR GOVERNMENT WORKERS.
NORMAL PAYCHECKS FOR GOVERNMENT WORKERS.
MY SON'S SCHOOL, THE BIG WORKERS.
MY SON'S SCHOOL, THE BIG QUESTION AT DROPOFF THE LAST MY SON'S SCHOOL, THE BIG QUESTION AT DROPOFF THE LAST COUPLE OF WEEKS HAS BEEN ARE QUESTION AT DROPOFF THE LAST COUPLE OF WEEKS HAS BEEN ARE YOU ESSENTIAL?
COUPLE OF WEEKS HAS BEEN ARE YOU ESSENTIAL?
ARE YOU ESSENTIAL?
YOU ESSENTIAL?
ARE YOU ESSENTIAL?
BUT -- ARE YOU ESSENTIAL?
BUT -- GWEN: ONLY IN WASHINGTON.
BUT -- GWEN: ONLY IN WASHINGTON.
>> ONLY IN WASHINGTON.
GWEN: ONLY IN WASHINGTON.
>> ONLY IN WASHINGTON.
AROUND THE COUNTRY THERE ARE >> ONLY IN WASHINGTON.
AROUND THE COUNTRY THERE ARE EFFECTS, TOO.
AROUND THE COUNTRY THERE ARE EFFECTS, TOO.
NATIONAL PARKS ARE CLOSED.
EFFECTS, TOO.
NATIONAL PARKS ARE CLOSED.
PEOPLE WHO DEPEND ON RECREATION NATIONAL PARKS ARE CLOSED.
PEOPLE WHO DEPEND ON RECREATION FOR THEIR LIVELIHOODS ARE PEOPLE WHO DEPEND ON RECREATION FOR THEIR LIVELIHOODS ARE STRUGGLING.
FOR THEIR LIVELIHOODS ARE STRUGGLING.
AND YOU HAVE PEOPLE WHO JUST -- STRUGGLING.
AND YOU HAVE PEOPLE WHO JUST -- PEOPLE WHO SELL THINGS TO AND YOU HAVE PEOPLE WHO JUST -- PEOPLE WHO SELL THINGS TO GOVERNMENT CONTRACTORS, WHO ARE PEOPLE WHO SELL THINGS TO GOVERNMENT CONTRACTORS, WHO ARE GOVERNMENT CONTRACTORS, GOVERNMENT CONTRACTORS, WHO ARE GOVERNMENT CONTRACTORS, REGIONAL NEWSPAPER FRONT PAGES GOVERNMENT CONTRACTORS, REGIONAL NEWSPAPER FRONT PAGES AROUND THE COUNTRY ARE FULL OF REGIONAL NEWSPAPER FRONT PAGES AROUND THE COUNTRY ARE FULL OF PEOPLE WHO ARE FED UP AND WHO AROUND THE COUNTRY ARE FULL OF PEOPLE WHO ARE FED UP AND WHO ARE STRUGGLING FROM THE EFFECTS PEOPLE WHO ARE FED UP AND WHO ARE STRUGGLING FROM THE EFFECTS OF THIS.
ARE STRUGGLING FROM THE EFFECTS OF THIS.
AND IT'S ONLY GOING TO GET OF THIS.
AND IT'S ONLY GOING TO GET WORSE AND THAT'S GETTING BACK AND IT'S ONLY GOING TO GET WORSE AND THAT'S GETTING BACK TO CONGRESS.
WORSE AND THAT'S GETTING BACK TO CONGRESS.
>> IT'S INTERESTING WHEN YOU TO CONGRESS.
>> IT'S INTERESTING WHEN YOU TALK ABOUT THE TOPICS.
>> IT'S INTERESTING WHEN YOU TALK ABOUT THE TOPICS.
THEY'RE BEING DISCUSSED THIS TALK ABOUT THE TOPICS.
THEY'RE BEING DISCUSSED THIS WEEKEND.
THEY'RE BEING DISCUSSED THIS WEEKEND.
WHAT'S MISSING, THE OBAMA WEEKEND.
WHAT'S MISSING, THE OBAMA SPONSORED HEALTH CARE PROGRAM.
WHAT'S MISSING, THE OBAMA SPONSORED HEALTH CARE PROGRAM.
THAT WAS PART OF WHAT TRIGGERED SPONSORED HEALTH CARE PROGRAM.
THAT WAS PART OF WHAT TRIGGERED THIS IN THE FIRST PLACE.
THAT WAS PART OF WHAT TRIGGERED THIS IN THE FIRST PLACE.
GWEN: NOT JUST PART OF IT.
THIS IN THE FIRST PLACE.
GWEN: NOT JUST PART OF IT.
THE HEART OF THE DISPUTE.
GWEN: NOT JUST PART OF IT.
THE HEART OF THE DISPUTE.
>> BUT WHERE IS IT NOW?
THE HEART OF THE DISPUTE.
>> BUT WHERE IS IT NOW?
WHERE IS IT NOW?
>> BUT WHERE IS IT NOW?
WHERE IS IT NOW?
AND IS IT PART OF ANY OF THIS WHERE IS IT NOW?
AND IS IT PART OF ANY OF THIS DISCUSSION?
AND IS IT PART OF ANY OF THIS DISCUSSION?
AND DIDN'T ALL THIS OBSCURE IN DISCUSSION?
AND DIDN'T ALL THIS OBSCURE IN SOME WAY THE START OF THE AND DIDN'T ALL THIS OBSCURE IN SOME WAY THE START OF THE HEALTH CARE EXCHANGES?
SOME WAY THE START OF THE HEALTH CARE EXCHANGES?
>> IT'S A FASCINATING QUESTION.
HEALTH CARE EXCHANGES?
>> IT'S A FASCINATING QUESTION.
AND IT DEFINITELY SOMETHING >> IT'S A FASCINATING QUESTION.
AND IT DEFINITELY SOMETHING THAT'S OCCURRED TO THE WHITE AND IT DEFINITELY SOMETHING THAT'S OCCURRED TO THE WHITE HOUSE.
THAT'S OCCURRED TO THE WHITE HOUSE.
BECAUSE IN ANY OTHER CONTEXT, HOUSE.
BECAUSE IN ANY OTHER CONTEXT, IF THE GOVERNMENT HAD NOT BEEN BECAUSE IN ANY OTHER CONTEXT, IF THE GOVERNMENT HAD NOT BEEN SHUT DOWN, WE WOULD HAVE BEEN IF THE GOVERNMENT HAD NOT BEEN SHUT DOWN, WE WOULD HAVE BEEN TALKING ABOUT THE PART THAT WAS SHUT DOWN, WE WOULD HAVE BEEN TALKING ABOUT THE PART THAT WAS JUST RAMPING UP, RIGHT?
TALKING ABOUT THE PART THAT WAS JUST RAMPING UP, RIGHT?
THIS ENORMOUS NEW MARKETPLACE JUST RAMPING UP, RIGHT?
THIS ENORMOUS NEW MARKETPLACE FOR BUYING INSURANCE.
THIS ENORMOUS NEW MARKETPLACE FOR BUYING INSURANCE.
WHICH HAD THE ROCKIEST OF ROCKY FOR BUYING INSURANCE.
WHICH HAD THE ROCKIEST OF ROCKY STARTS BY ANYONE'S DESCRIPTION WHICH HAD THE ROCKIEST OF ROCKY STARTS BY ANYONE'S DESCRIPTION OR ESTIMATION.
STARTS BY ANYONE'S DESCRIPTION OR ESTIMATION.
INCLUDING THE HEALTH AND HUMAN OR ESTIMATION.
INCLUDING THE HEALTH AND HUMAN SERVICES DEPARTMENT.
INCLUDING THE HEALTH AND HUMAN SERVICES DEPARTMENT.
WHICH IS HAVING TO MANAGE THIS SERVICES DEPARTMENT.
WHICH IS HAVING TO MANAGE THIS NEW TECHNOLOGICAL ARCHITECTURE.
WHICH IS HAVING TO MANAGE THIS NEW TECHNOLOGICAL ARCHITECTURE.
THAT DIDN'T GET -- GOT NEW TECHNOLOGICAL ARCHITECTURE.
THAT DIDN'T GET -- GOT DOWNPLAYED IN THE MEDIA THAT DIDN'T GET -- GOT DOWNPLAYED IN THE MEDIA ATTENTION.
DOWNPLAYED IN THE MEDIA ATTENTION.
IN THE DISCUSSIONS THAT ARE ATTENTION.
IN THE DISCUSSIONS THAT ARE HAPPENING, AMONG THE MEMBERS OF IN THE DISCUSSIONS THAT ARE HAPPENING, AMONG THE MEMBERS OF THE HOUSE AND THE SENATE, AND HAPPENING, AMONG THE MEMBERS OF THE HOUSE AND THE SENATE, AND THE WHITE HOUSE NOW, HEALTH THE HOUSE AND THE SENATE, AND THE WHITE HOUSE NOW, HEALTH CARE HAS NOT LEFT THE TABLE THE WHITE HOUSE NOW, HEALTH CARE HAS NOT LEFT THE TABLE YET.
CARE HAS NOT LEFT THE TABLE YET.
REPUBLICANS ARE CERTAINLY IN YET.
REPUBLICANS ARE CERTAINLY IN THE HOUSE ARE WALKING FURTHER REPUBLICANS ARE CERTAINLY IN THE HOUSE ARE WALKING FURTHER AWAY FROM IT.
THE HOUSE ARE WALKING FURTHER AWAY FROM IT.
BUT YOU CAN TELL SENATOR CRUZ AWAY FROM IT.
BUT YOU CAN TELL SENATOR CRUZ HAS NOT.
BUT YOU CAN TELL SENATOR CRUZ HAS NOT.
AND IN THE SENATE -- SENATOR HAS NOT.
AND IN THE SENATE -- SENATOR COLLINS TODAY WAS OFFERING HER AND IN THE SENATE -- SENATOR COLLINS TODAY WAS OFFERING HER VERSION OF A DEBT CEILING COLLINS TODAY WAS OFFERING HER VERSION OF A DEBT CEILING PROPOSAL TO THE PRESIDENT.
VERSION OF A DEBT CEILING PROPOSAL TO THE PRESIDENT.
GWEN: SIX-MONTH EXTENSION.
PROPOSAL TO THE PRESIDENT.
GWEN: SIX-MONTH EXTENSION.
>> IT'S ACTUALLY TO JANUARY.
GWEN: SIX-MONTH EXTENSION.
>> IT'S ACTUALLY TO JANUARY.
BUT IT INCLUDES SOME TWEAKS, >> IT'S ACTUALLY TO JANUARY.
BUT IT INCLUDES SOME TWEAKS, SOME FIXES TO THE AFFORDABLE BUT IT INCLUDES SOME TWEAKS, SOME FIXES TO THE AFFORDABLE CARE ACT.
SOME FIXES TO THE AFFORDABLE CARE ACT.
AND PRESENTING THAT TO THE CARE ACT.
AND PRESENTING THAT TO THE PRESIDENT, WOULD HE BE WILLING AND PRESENTING THAT TO THE PRESIDENT, WOULD HE BE WILLING TO TAKE THAT WHOLE THING AS A PRESIDENT, WOULD HE BE WILLING TO TAKE THAT WHOLE THING AS A PACKAGE?
TO TAKE THAT WHOLE THING AS A PACKAGE?
THE WHITE HOUSE IS TRYING TO PACKAGE?
THE WHITE HOUSE IS TRYING TO SAY THAT DOESN'T MEET THE THE WHITE HOUSE IS TRYING TO SAY THAT DOESN'T MEET THE PRESIDENT'SHE'S BEEN SAYING.
SAY THAT DOESN'T MEET THE PRESIDENT'SHE'S BEEN SAYING.
BUT WE'RE VERY WILLING TO PRESIDENT'SHE'S BEEN SAYING.
BUT WE'RE VERY WILLING TO DISCUSS -- YOU CAN TELL THAT BUT WE'RE VERY WILLING TO DISCUSS -- YOU CAN TELL THAT THE LANGUAGE HAS REALLY COME DISCUSS -- YOU CAN TELL THAT THE LANGUAGE HAS REALLY COME DOWN FROM ARSONISTS AND HOSTAGE THE LANGUAGE HAS REALLY COME DOWN FROM ARSONISTS AND HOSTAGE TAKERS.
DOWN FROM ARSONISTS AND HOSTAGE TAKERS.
TO WE'RE TALKING AND WE'RE TAKERS.
TO WE'RE TALKING AND WE'RE LISTENING.
TO WE'RE TALKING AND WE'RE LISTENING.
>> WHEN YOU LOOK AT THE LISTENING.
>> WHEN YOU LOOK AT THE ELEMENTS THAT SEEMED LIKELY TO >> WHEN YOU LOOK AT THE ELEMENTS THAT SEEMED LIKELY TO END UP IN THIS PACKAGE, DOES IT ELEMENTS THAT SEEMED LIKELY TO END UP IN THIS PACKAGE, DOES IT STRIKE THAT YOU THERE ARE VITAL END UP IN THIS PACKAGE, DOES IT STRIKE THAT YOU THERE ARE VITAL THINGS THAT ARE MISSING, STRIKE THAT YOU THERE ARE VITAL THINGS THAT ARE MISSING, ESPECIALLY ADVICE VEE THE THINGS THAT ARE MISSING, ESPECIALLY ADVICE VEE THE ECONOMY?
ESPECIALLY ADVICE VEE THE ECONOMY?
-- VIS-A-VIS THE ECONOMY?
ECONOMY?
-- VIS-A-VIS THE ECONOMY?
>> ONE OF THE THINGS WE HAVEN'T -- VIS-A-VIS THE ECONOMY?
>> ONE OF THE THINGS WE HAVEN'T DEALT WITH HERE IS THERE'S A >> ONE OF THE THINGS WE HAVEN'T DEALT WITH HERE IS THERE'S A SEQUESTER IN PLACE RIGHT NOW.
DEALT WITH HERE IS THERE'S A SEQUESTER IN PLACE RIGHT NOW.
THAT APPEARS TO BE ON TRACK TO SEQUESTER IN PLACE RIGHT NOW.
THAT APPEARS TO BE ON TRACK TO BE LOCKED IN.
THAT APPEARS TO BE ON TRACK TO BE LOCKED IN.
THERE'S SOME DISCUSSION OF BE LOCKED IN.
THERE'S SOME DISCUSSION OF MAYBE RELAXING IT A LITTLE BIT.
THERE'S SOME DISCUSSION OF MAYBE RELAXING IT A LITTLE BIT.
BUT IT'S HAD EFFECTS ON THE MAYBE RELAXING IT A LITTLE BIT.
BUT IT'S HAD EFFECTS ON THE ECONOMY.
BUT IT'S HAD EFFECTS ON THE ECONOMY.
SOME OF IT HAS BEEN OFFSET BY ECONOMY.
SOME OF IT HAS BEEN OFFSET BY MONETARY POLICY AS YOU KNOW.
SOME OF IT HAS BEEN OFFSET BY MONETARY POLICY AS YOU KNOW.
BUT OTHER PARTS OF IT HAVEN'T.
MONETARY POLICY AS YOU KNOW.
BUT OTHER PARTS OF IT HAVEN'T.
AND THAT'S BEEN A DRAG ON BUT OTHER PARTS OF IT HAVEN'T.
AND THAT'S BEEN A DRAG ON GROWTH.
AND THAT'S BEEN A DRAG ON GROWTH.
AND I THINK IF WE END UP GOING GROWTH.
AND I THINK IF WE END UP GOING ANOTHER YEAR WITH THE FULL AND I THINK IF WE END UP GOING ANOTHER YEAR WITH THE FULL SEQUESTER IN PLACE, THAT'S ANOTHER YEAR WITH THE FULL SEQUESTER IN PLACE, THAT'S GOING TO CONTINUE TO HOLD BACK SEQUESTER IN PLACE, THAT'S GOING TO CONTINUE TO HOLD BACK THE ECONOMY.
GOING TO CONTINUE TO HOLD BACK THE ECONOMY.
AND THAT'S SOMETHING NOT THE ECONOMY.
AND THAT'S SOMETHING NOT TALKING ABOUT HOW TO UNDO.
AND THAT'S SOMETHING NOT TALKING ABOUT HOW TO UNDO.
GWEN: ONE OF THE THINGS THEY TALKING ABOUT HOW TO UNDO.
GWEN: ONE OF THE THINGS THEY ARE TALKING ABOUT AND GOT GWEN: ONE OF THE THINGS THEY ARE TALKING ABOUT AND GOT WRAPPED UP TOGETHER IS THIS ARE TALKING ABOUT AND GOT WRAPPED UP TOGETHER IS THIS DEBT CEILING.
WRAPPED UP TOGETHER IS THIS DEBT CEILING.
THAT WAS THE PRESIDENT'S REAL DEBT CEILING.
THAT WAS THE PRESIDENT'S REAL PLATFORM OF OUTRAGE.
THAT WAS THE PRESIDENT'S REAL PLATFORM OF OUTRAGE.
WHICH IS YOU CAN'T NOT PAY YOUR PLATFORM OF OUTRAGE.
WHICH IS YOU CAN'T NOT PAY YOUR BILLS.
WHICH IS YOU CAN'T NOT PAY YOUR BILLS.
BUT HE WAS GETTING AN BILLS.
BUT HE WAS GETTING AN INTERESTING PUSHBACK THIS WEEK BUT HE WAS GETTING AN INTERESTING PUSHBACK THIS WEEK FROM SOME OF THE SAME INTERESTING PUSHBACK THIS WEEK FROM SOME OF THE SAME REPUBLICANS, THE OBAMACARE FROM SOME OF THE SAME REPUBLICANS, THE OBAMACARE ARGUMENT, WHICH IS IT WOULDN'T REPUBLICANS, THE OBAMACARE ARGUMENT, WHICH IS IT WOULDN'T BE THAT BAD.
ARGUMENT, WHICH IS IT WOULDN'T BE THAT BAD.
IT WOULD BE OK. BE THAT BAD.
IT WOULD BE OK. WE WOULD SURVIVE IT.
IT WOULD BE OK. WE WOULD SURVIVE IT.
WHO'S RIGHT?
WE WOULD SURVIVE IT.
WHO'S RIGHT?
>> YEAH.
WHO'S RIGHT?
>> YEAH.
THAT'S WRONG.
>> YEAH.
THAT'S WRONG.
YOU THINK ABOUT IT THIS WAY.
THAT'S WRONG.
YOU THINK ABOUT IT THIS WAY.
IF YOU ARE A BASEBALL TEAM WITH YOU THINK ABOUT IT THIS WAY.
IF YOU ARE A BASEBALL TEAM WITH A PAYROLL, AND YOU SUDDENLY IF YOU ARE A BASEBALL TEAM WITH A PAYROLL, AND YOU SUDDENLY TOMORROW ARE TOLD YOU HAVE TO A PAYROLL, AND YOU SUDDENLY TOMORROW ARE TOLD YOU HAVE TO GET RID OF 30% OF IT, YOU TOMORROW ARE TOLD YOU HAVE TO GET RID OF 30% OF IT, YOU AREN'T GOING TO BE NEARLY AS GET RID OF 30% OF IT, YOU AREN'T GOING TO BE NEARLY AS GOOD OF A TEAM.
AREN'T GOING TO BE NEARLY AS GOOD OF A TEAM.
SAME IS TRUE WITH OUR ECONOMY.
GOOD OF A TEAM.
SAME IS TRUE WITH OUR ECONOMY.
IF YOU TAKE 30% OF THE SPENDING SAME IS TRUE WITH OUR ECONOMY.
IF YOU TAKE 30% OF THE SPENDING POWER OUT OF IT RIGHT AWAY, IF YOU TAKE 30% OF THE SPENDING POWER OUT OF IT RIGHT AWAY, WHICH IS WHAT WOULD HAPPEN IF POWER OUT OF IT RIGHT AWAY, WHICH IS WHAT WOULD HAPPEN IF WE TAKE 30% OF THE GOVERNMENT WHICH IS WHAT WOULD HAPPEN IF WE TAKE 30% OF THE GOVERNMENT SPENDING POWER, WHICH IS LIKE WE TAKE 30% OF THE GOVERNMENT SPENDING POWER, WHICH IS LIKE 4% OF G.D.P., OUT OF THE SPENDING POWER, WHICH IS LIKE 4% OF G.D.P., OUT OF THE ECONOMY, RIGHT AWAY, BECAUSE WE 4% OF G.D.P., OUT OF THE ECONOMY, RIGHT AWAY, BECAUSE WE HAVE TO BALANCE THE BUDGET ECONOMY, RIGHT AWAY, BECAUSE WE HAVE TO BALANCE THE BUDGET BECAUSE WE CAN'T BORROW HAVE TO BALANCE THE BUDGET BECAUSE WE CAN'T BORROW ANYMORE, THAT MEANS PEOPLE BECAUSE WE CAN'T BORROW ANYMORE, THAT MEANS PEOPLE DON'T GET SOCIAL SECURITY ANYMORE, THAT MEANS PEOPLE DON'T GET SOCIAL SECURITY CHECKS OR GET VETERANS BENEFITS DON'T GET SOCIAL SECURITY CHECKS OR GET VETERANS BENEFITS OR SOMETHING.
CHECKS OR GET VETERANS BENEFITS OR SOMETHING.
THAT MONEY HAS TO COME FROM OR SOMETHING.
THAT MONEY HAS TO COME FROM SOMEWHERE.
THAT MONEY HAS TO COME FROM SOMEWHERE.
AND THAT'S MONEY THAT CREATES SOMEWHERE.
AND THAT'S MONEY THAT CREATES JOBS AND FUELS THE REAL AND THAT'S MONEY THAT CREATES JOBS AND FUELS THE REAL ECONOMY.
JOBS AND FUELS THE REAL ECONOMY.
>> AND WHAT WE HAVE MORE ECONOMY.
>> AND WHAT WE HAVE MORE REPERCUSSIONS INTERNATIONALLY >> AND WHAT WE HAVE MORE REPERCUSSIONS INTERNATIONALLY ALSO?
REPERCUSSIONS INTERNATIONALLY ALSO?
CERTAINLY THE STATES ARE GOING ALSO?
CERTAINLY THE STATES ARE GOING TO FEEL MORE THAN THEY ALREADY CERTAINLY THE STATES ARE GOING TO FEEL MORE THAN THEY ALREADY FEEL WITH WHAT WE'VE HAD.
TO FEEL MORE THAN THEY ALREADY FEEL WITH WHAT WE'VE HAD.
SO FAR.
FEEL WITH WHAT WE'VE HAD.
SO FAR.
BUT TALK A LITTLE BIT ABOUT SO FAR.
BUT TALK A LITTLE BIT ABOUT REPERCUSSIONS GLOBALLY FROM BUT TALK A LITTLE BIT ABOUT REPERCUSSIONS GLOBALLY FROM THAT.
REPERCUSSIONS GLOBALLY FROM THAT.
>> YEAH.
THAT.
>> YEAH.
I SAT DOWN WITH THE HEAD OF THE >> YEAH.
I SAT DOWN WITH THE HEAD OF THE OECD.
I SAT DOWN WITH THE HEAD OF THE OECD.
GWEN: THE OFFICE OF -- OECD.
GWEN: THE OFFICE OF -- >> ORGANIZATION FOR ECONOMIC GWEN: THE OFFICE OF -- >> ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT.
>> ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT.
GWEN: NOT THAT WE ALL DIDN'T COOPERATION AND DEVELOPMENT.
GWEN: NOT THAT WE ALL DIDN'T KNOW THAT.
GWEN: NOT THAT WE ALL DIDN'T KNOW THAT.
BUT I'M JUST SAYING.
KNOW THAT.
BUT I'M JUST SAYING.
>> SURE.
BUT I'M JUST SAYING.
>> SURE.
ANYWAY, THEY'RE A BIG >> SURE.
ANYWAY, THEY'RE A BIG INTERNATIONAL ORGANIZATION ANYWAY, THEY'RE A BIG INTERNATIONAL ORGANIZATION FOCUSED ON THE ECONOMY.
INTERNATIONAL ORGANIZATION FOCUSED ON THE ECONOMY.
AND THEY ARE VERY AWARE THAT FOCUSED ON THE ECONOMY.
AND THEY ARE VERY AWARE THAT THIS COULD TRIGGER A GLOBAL AND THEY ARE VERY AWARE THAT THIS COULD TRIGGER A GLOBAL RECESSION, NOT JUST AN AMERICAN THIS COULD TRIGGER A GLOBAL RECESSION, NOT JUST AN AMERICAN ONE.
RECESSION, NOT JUST AN AMERICAN ONE.
GWEN: HERE'S THE OTHER THING ONE.
GWEN: HERE'S THE OTHER THING I'M CURIOUS ABOUT, TOO.
GWEN: HERE'S THE OTHER THING I'M CURIOUS ABOUT, TOO.
WHICH IS -- PEOPLE THINK THAT I'M CURIOUS ABOUT, TOO.
WHICH IS -- PEOPLE THINK THAT THE PRESIDENT BASICALLY CRIED WHICH IS -- PEOPLE THINK THAT THE PRESIDENT BASICALLY CRIED WOLF ON SEQUESTER.
THE PRESIDENT BASICALLY CRIED WOLF ON SEQUESTER.
THAT IT TOOK EFFECT.
WOLF ON SEQUESTER.
THAT IT TOOK EFFECT.
AND NOW THEY'RE BASICALLY THAT IT TOOK EFFECT.
AND NOW THEY'RE BASICALLY LETTING IT STAY IN EFFECT AND AND NOW THEY'RE BASICALLY LETTING IT STAY IN EFFECT AND WE SEEM TO BE DOING FINE.
LETTING IT STAY IN EFFECT AND WE SEEM TO BE DOING FINE.
WHY -- HOW DOES THE PRESIDENT WE SEEM TO BE DOING FINE.
WHY -- HOW DOES THE PRESIDENT DEAL WITH THE IDEA OR THE WHY -- HOW DOES THE PRESIDENT DEAL WITH THE IDEA OR THE DEMOCRATS DEAL WITH THE IDEA DEAL WITH THE IDEA OR THE DEMOCRATS DEAL WITH THE IDEA THAT MAYBE THERE'S A SENSE THAT DEMOCRATS DEAL WITH THE IDEA THAT MAYBE THERE'S A SENSE THAT THERE'S CRYING WOLF ABOUT THE THAT MAYBE THERE'S A SENSE THAT THERE'S CRYING WOLF ABOUT THE POTENTIAL ECONOMIC IMPACT OF THERE'S CRYING WOLF ABOUT THE POTENTIAL ECONOMIC IMPACT OF THE GOVERNMENT SHUTDOWN OR OF POTENTIAL ECONOMIC IMPACT OF THE GOVERNMENT SHUTDOWN OR OF THE DEBT LIMIT NOT BEING THE GOVERNMENT SHUTDOWN OR OF THE DEBT LIMIT NOT BEING RAISED?
THE DEBT LIMIT NOT BEING RAISED?
>> YOU KNOW, IT'S AN RAISED?
>> YOU KNOW, IT'S AN INTERESTING QUESTION.
>> YOU KNOW, IT'S AN INTERESTING QUESTION.
BECAUSE IT IS TRUE THAT A LOT INTERESTING QUESTION.
BECAUSE IT IS TRUE THAT A LOT OF THE POLLING SUGGESTS THAT A BECAUSE IT IS TRUE THAT A LOT OF THE POLLING SUGGESTS THAT A LOT OF AMERICANS HAVEN'T BEEN OF THE POLLING SUGGESTS THAT A LOT OF AMERICANS HAVEN'T BEEN TOUCHED BY THE GOVERNMENT LOT OF AMERICANS HAVEN'T BEEN TOUCHED BY THE GOVERNMENT SHUTDOWN.
TOUCHED BY THE GOVERNMENT SHUTDOWN.
IN PARTS OF THE COUNTRY THAT WE SHUTDOWN.
IN PARTS OF THE COUNTRY THAT WE DON'T LIVE IN.
IN PARTS OF THE COUNTRY THAT WE DON'T LIVE IN.
GWEN: EXCEPT FOR THE IDEA THAT DON'T LIVE IN.
GWEN: EXCEPT FOR THE IDEA THAT THE GOVERNMENT WOULD SHUT DOWN.
GWEN: EXCEPT FOR THE IDEA THAT THE GOVERNMENT WOULD SHUT DOWN.
>> THEY'RE VERY AWARE OF IT.
THE GOVERNMENT WOULD SHUT DOWN.
>> THEY'RE VERY AWARE OF IT.
AND ON THE DEBT CEILING ELEMENT >> THEY'RE VERY AWARE OF IT.
AND ON THE DEBT CEILING ELEMENT OF IT, THE BORROWING AUTHORITY AND ON THE DEBT CEILING ELEMENT OF IT, THE BORROWING AUTHORITY PART OF IT, REALLY SMART PEOPLE OF IT, THE BORROWING AUTHORITY PART OF IT, REALLY SMART PEOPLE ARE SAYING THAT THE AMERICAN PART OF IT, REALLY SMART PEOPLE ARE SAYING THAT THE AMERICAN PEOPLE, THIS IS SHOWING UP IN ARE SAYING THAT THE AMERICAN PEOPLE, THIS IS SHOWING UP IN THE POLLING, THAT THESE THINGS PEOPLE, THIS IS SHOWING UP IN THE POLLING, THAT THESE THINGS ARE BLENDED TOGETHER IN THEIR THE POLLING, THAT THESE THINGS ARE BLENDED TOGETHER IN THEIR IDEA OF WASHINGTON DYSFUNCTION.
ARE BLENDED TOGETHER IN THEIR IDEA OF WASHINGTON DYSFUNCTION.
AND IT DOES CONSTRAIN THEIR IDEA OF WASHINGTON DYSFUNCTION.
AND IT DOES CONSTRAIN THEIR CONSUMPTION, THEIR BUYING.
AND IT DOES CONSTRAIN THEIR CONSUMPTION, THEIR BUYING.
AND WE'RE SEEING THAT LEVEL.
CONSUMPTION, THEIR BUYING.
AND WE'RE SEEING THAT LEVEL.
YOU CAN SEE IN SOME OF THE AND WE'RE SEEING THAT LEVEL.
YOU CAN SEE IN SOME OF THE MICHIGAN STUDY THAT JUST CAME YOU CAN SEE IN SOME OF THE MICHIGAN STUDY THAT JUST CAME OUT TODAY.
MICHIGAN STUDY THAT JUST CAME OUT TODAY.
THAT CONFIDENCE IN THE ECONOMY OUT TODAY.
THAT CONFIDENCE IN THE ECONOMY HAS GONE TO A NINE-MONTH LOW.
THAT CONFIDENCE IN THE ECONOMY HAS GONE TO A NINE-MONTH LOW.
SO IT HAS -- IT'S A HAS GONE TO A NINE-MONTH LOW.
SO IT HAS -- IT'S A PSYCHOLOGICAL ELEMENT AS WELL SO IT HAS -- IT'S A PSYCHOLOGICAL ELEMENT AS WELL AS THE ECONOMIC OR THE PSYCHOLOGICAL ELEMENT AS WELL AS THE ECONOMIC OR THE PREDICTION ELEMENT.
AS THE ECONOMIC OR THE PREDICTION ELEMENT.
AND I THINK THE PRESIDENT DID PREDICTION ELEMENT.
AND I THINK THE PRESIDENT DID SUFFER FROM THAT TRUST DEFICIT.
AND I THINK THE PRESIDENT DID SUFFER FROM THAT TRUST DEFICIT.
AFTER THE SEQUESTRATION.
SUFFER FROM THAT TRUST DEFICIT.
AFTER THE SEQUESTRATION.
BUT I THINK THAT IN THIS AFTER THE SEQUESTRATION.
BUT I THINK THAT IN THIS PARTICULAR CASE, WE'RE STARTING BUT I THINK THAT IN THIS PARTICULAR CASE, WE'RE STARTING TO SEE MORE AND MORE OF A PARTICULAR CASE, WE'RE STARTING TO SEE MORE AND MORE OF A PICKUP THAT THIS IS A BAD TO SEE MORE AND MORE OF A PICKUP THAT THIS IS A BAD THING.
PICKUP THAT THIS IS A BAD THING.
>> YOU MENTIONED THE POLLS.
THING.
>> YOU MENTIONED THE POLLS.
AND I REALLY HAVE TO ASK >> YOU MENTIONED THE POLLS.
AND I REALLY HAVE TO ASK BECAUSE WE'VE SEEN THIS AND I REALLY HAVE TO ASK BECAUSE WE'VE SEEN THIS MOVEMENT IN THE REPUBLICAN SIDE BECAUSE WE'VE SEEN THIS MOVEMENT IN THE REPUBLICAN SIDE TOWARD COMPROMISE.
MOVEMENT IN THE REPUBLICAN SIDE TOWARD COMPROMISE.
AT THE SAME TIME THEY'VE GOTTEN TOWARD COMPROMISE.
AT THE SAME TIME THEY'VE GOTTEN SOME PRETTY BAD POLLING AT THE SAME TIME THEY'VE GOTTEN SOME PRETTY BAD POLLING NUMBERS.
SOME PRETTY BAD POLLING NUMBERS.
GWEN: YOU THINK THERE'S A NUMBERS.
GWEN: YOU THINK THERE'S A CONNECTION?
GWEN: YOU THINK THERE'S A CONNECTION?
>> I GUESS I'M A CONSPIRACY CONNECTION?
>> I GUESS I'M A CONSPIRACY MINDED PERSON.
>> I GUESS I'M A CONSPIRACY MINDED PERSON.
>> GREG, GREG, I'M WORRIED MINDED PERSON.
>> GREG, GREG, I'M WORRIED ABOUT YOU.
>> GREG, GREG, I'M WORRIED ABOUT YOU.
THERE IS IN EVERY ESTIMATION ABOUT YOU.
THERE IS IN EVERY ESTIMATION AND ADMITTED FROM MEMBERS OF THERE IS IN EVERY ESTIMATION AND ADMITTED FROM MEMBERS OF THE REPUBLICAN CONFERENCE ON AND ADMITTED FROM MEMBERS OF THE REPUBLICAN CONFERENCE ON THE HOUSE, AN UNDERSTANDING THE REPUBLICAN CONFERENCE ON THE HOUSE, AN UNDERSTANDING THAT THE POLLING DID NOT SHOW THE HOUSE, AN UNDERSTANDING THAT THE POLLING DID NOT SHOW UP WELL FOR THEM.
THAT THE POLLING DID NOT SHOW UP WELL FOR THEM.
WHETHER IT'S GALLUP SURVEY OR UP WELL FOR THEM.
WHETHER IT'S GALLUP SURVEY OR NBC "WALL STREET JOURNAL" POLL WHETHER IT'S GALLUP SURVEY OR NBC "WALL STREET JOURNAL" POLL THAT CAME OUT ON THURSDAY NBC "WALL STREET JOURNAL" POLL THAT CAME OUT ON THURSDAY NIGHT.
THAT CAME OUT ON THURSDAY NIGHT.
ONLY SENATOR CRUZ SEEMS TO BE NIGHT.
ONLY SENATOR CRUZ SEEMS TO BE SO SANGUINE ABOUT SAYING THE ONLY SENATOR CRUZ SEEMS TO BE SO SANGUINE ABOUT SAYING THE POLLING ITSELF IS AN ERROR.
SO SANGUINE ABOUT SAYING THE POLLING ITSELF IS AN ERROR.
AND IT DOESN'T HAPPEN TO THE POLLING ITSELF IS AN ERROR.
AND IT DOESN'T HAPPEN TO THE SENTIMENT OF MOST AMERICANS.
AND IT DOESN'T HAPPEN TO THE SENTIMENT OF MOST AMERICANS.
GWEN: HE BASES THIS ON HIS OWN SENTIMENT OF MOST AMERICANS.
GWEN: HE BASES THIS ON HIS OWN POLLING?
GWEN: HE BASES THIS ON HIS OWN POLLING?
>> YES.
POLLING?
>> YES.
HIS OWN -- HIS FINGER ON THE >> YES.
HIS OWN -- HIS FINGER ON THE PULSE OF AMERICA.
HIS OWN -- HIS FINGER ON THE PULSE OF AMERICA.
GWEN: OK. PULSE OF AMERICA.
GWEN: OK. >> IN THIS PARTICULAR CASE, ON GWEN: OK. >> IN THIS PARTICULAR CASE, ON CAPITOL HILL THEY'RE VERY AWARE >> IN THIS PARTICULAR CASE, ON CAPITOL HILL THEY'RE VERY AWARE OF IT AND THEIR OWN POLLSTERS CAPITOL HILL THEY'RE VERY AWARE OF IT AND THEIR OWN POLLSTERS ARE TELLING THEM THAT THIS IS OF IT AND THEIR OWN POLLSTERS ARE TELLING THEM THAT THIS IS WHAT THEY'RE PICKING UP, TOO.
ARE TELLING THEM THAT THIS IS WHAT THEY'RE PICKING UP, TOO.
SO THEY'RE PERSUADED THAT THERE WHAT THEY'RE PICKING UP, TOO.
SO THEY'RE PERSUADED THAT THERE IS A CONNECTION.
SO THEY'RE PERSUADED THAT THERE IS A CONNECTION.
AND I THINK THAT THIS IS IS A CONNECTION.
AND I THINK THAT THIS IS SOMETHING THAT THE WHITE HOUSE AND I THINK THAT THIS IS SOMETHING THAT THE WHITE HOUSE STRATEGICALLY WAS THINKING WE SOMETHING THAT THE WHITE HOUSE STRATEGICALLY WAS THINKING WE WOULD GET TO.
STRATEGICALLY WAS THINKING WE WOULD GET TO.
>> AND WHO ELSE IS REALLY WOULD GET TO.
>> AND WHO ELSE IS REALLY WORRIED ABOUT THIS AND PUTTING >> AND WHO ELSE IS REALLY WORRIED ABOUT THIS AND PUTTING A LOT OF PRESSURE ON WORRIED ABOUT THIS AND PUTTING A LOT OF PRESSURE ON REPUBLICANS AND DEMOCRATS IS A LOT OF PRESSURE ON REPUBLICANS AND DEMOCRATS IS THE BUSINESS COMMUNITY.
REPUBLICANS AND DEMOCRATS IS THE BUSINESS COMMUNITY.
WE SAW A LOT OF ADVERTISEMENTS THE BUSINESS COMMUNITY.
WE SAW A LOT OF ADVERTISEMENTS THIS WEEK FROM RETAILERS, FROM WE SAW A LOT OF ADVERTISEMENTS THIS WEEK FROM RETAILERS, FROM MANUFACTURERS.
THIS WEEK FROM RETAILERS, FROM MANUFACTURERS.
GWEN: CHAMBER OF COMMERCE.
MANUFACTURERS.
GWEN: CHAMBER OF COMMERCE.
>> AND WHEN YOU'RE OUT TALKING GWEN: CHAMBER OF COMMERCE.
>> AND WHEN YOU'RE OUT TALKING TO SMALL BUSINESSES, I WAS IN >> AND WHEN YOU'RE OUT TALKING TO SMALL BUSINESSES, I WAS IN OHIO LAST WEEK.
TO SMALL BUSINESSES, I WAS IN OHIO LAST WEEK.
SAME THING.
OHIO LAST WEEK.
SAME THING.
PEOPLE ARE SAYING WE CAN'T SAME THING.
PEOPLE ARE SAYING WE CAN'T INVEST.
PEOPLE ARE SAYING WE CAN'T INVEST.
WE HAVE NO IDEA WHAT'S GOING TO INVEST.
WE HAVE NO IDEA WHAT'S GOING TO HAPPEN WITH THE GOVERNMENT.
WE HAVE NO IDEA WHAT'S GOING TO HAPPEN WITH THE GOVERNMENT.
WHETHER THEY'RE GOING TO MAKE HAPPEN WITH THE GOVERNMENT.
WHETHER THEY'RE GOING TO MAKE GOOD ON THEIR DEBTS.
WHETHER THEY'RE GOING TO MAKE GOOD ON THEIR DEBTS.
SO THERE'S WORRY AMONG THE GOOD ON THEIR DEBTS.
SO THERE'S WORRY AMONG THE BUSINESS COMMUNITY AND THAT IS SO THERE'S WORRY AMONG THE BUSINESS COMMUNITY AND THAT IS RAMPING UP PRESSURE.
BUSINESS COMMUNITY AND THAT IS RAMPING UP PRESSURE.
>> THE PRESIDENT TALKED TO RAMPING UP PRESSURE.
>> THE PRESIDENT TALKED TO GOVERNORS AND GOVERNORS, >> THE PRESIDENT TALKED TO GOVERNORS AND GOVERNORS, BIPARTISAN GROUPS OF GOVERNORS, GOVERNORS AND GOVERNORS, BIPARTISAN GROUPS OF GOVERNORS, AND YOU CAN SEE IN THE STATES BIPARTISAN GROUPS OF GOVERNORS, AND YOU CAN SEE IN THE STATES THAT THEY'RE FEELING IT, TOO.
AND YOU CAN SEE IN THE STATES THAT THEY'RE FEELING IT, TOO.
GWEN: AND I -- MY FAVORITE THAT THEY'RE FEELING IT, TOO.
GWEN: AND I -- MY FAVORITE QUOTE THIS WEEK CAME FROM THE GWEN: AND I -- MY FAVORITE QUOTE THIS WEEK CAME FROM THE GOVERNOR OF NEW JERSEY.
QUOTE THIS WEEK CAME FROM THE GOVERNOR OF NEW JERSEY.
THE EVER QUOTEABLE CHRIS GOVERNOR OF NEW JERSEY.
THE EVER QUOTEABLE CHRIS CHRISTIE WHO TOLD "THE THE EVER QUOTEABLE CHRIS CHRISTIE WHO TOLD "THE PHILADELPHIA INQUIRER," IF I CHRISTIE WHO TOLD "THE PHILADELPHIA INQUIRER," IF I WAS IN THE SENATE RIGHT NOW, I PHILADELPHIA INQUIRER," IF I WAS IN THE SENATE RIGHT NOW, I WOULD KILL MYSELF.
WAS IN THE SENATE RIGHT NOW, I WOULD KILL MYSELF.
NOT TO PUT TOO FINE OF POINT ON WOULD KILL MYSELF.
NOT TO PUT TOO FINE OF POINT ON IT.
NOT TO PUT TOO FINE OF POINT ON IT.
YOU CAN ALWAYS COUNT ON IT.
YOU CAN ALWAYS COUNT ON GOVERNOR CHRISTIE.
YOU CAN ALWAYS COUNT ON GOVERNOR CHRISTIE.
THE SUPREME COURT DIPPED ITS GOVERNOR CHRISTIE.
THE SUPREME COURT DIPPED ITS TOE INTO POLITICS THIS WEEK.
THE SUPREME COURT DIPPED ITS TOE INTO POLITICS THIS WEEK.
AS WELL.
TOE INTO POLITICS THIS WEEK.
AS WELL.
REVISITING ONE OF THE MOST AS WELL.
REVISITING ONE OF THE MOST CONTENTIOUS ISSUES.
REVISITING ONE OF THE MOST CONTENTIOUS ISSUES.
IT WILL DECIDE THIS YEAR.
CONTENTIOUS ISSUES.
IT WILL DECIDE THIS YEAR.
LIMITING CAMPAIGN IT WILL DECIDE THIS YEAR.
LIMITING CAMPAIGN CONTRIBUTIONS.
LIMITING CAMPAIGN CONTRIBUTIONS.
THIS IS NOT CITIZENS UNITED BUT CONTRIBUTIONS.
THIS IS NOT CITIZENS UNITED BUT IT COULD CHANGE THE WAY THIS IS NOT CITIZENS UNITED BUT IT COULD CHANGE THE WAY INDIVIDUALS SUPPORT CANDIDATES.
IT COULD CHANGE THE WAY INDIVIDUALS SUPPORT CANDIDATES.
HOW IS THAT?
INDIVIDUALS SUPPORT CANDIDATES.
HOW IS THAT?
>> YES, THIS IS ABOUT LIMITS ON HOW IS THAT?
>> YES, THIS IS ABOUT LIMITS ON THE AGGREGATE OR TOTAL CAP THAT >> YES, THIS IS ABOUT LIMITS ON THE AGGREGATE OR TOTAL CAP THAT AN INDIVIDUAL CAN GIVE TO THE AGGREGATE OR TOTAL CAP THAT AN INDIVIDUAL CAN GIVE TO CANDIDATES AND POLITICAL PARTY AN INDIVIDUAL CAN GIVE TO CANDIDATES AND POLITICAL PARTY COMMITTEE OR A P.A.C.
CANDIDATES AND POLITICAL PARTY COMMITTEE OR A P.A.C.
AND IT'S BEEN CHALLENGED BY A COMMITTEE OR A P.A.C.
AND IT'S BEEN CHALLENGED BY A MAN BY THE NAME OF SEAN AND IT'S BEEN CHALLENGED BY A MAN BY THE NAME OF SEAN MCCUTCHEN.
MAN BY THE NAME OF SEAN MCCUTCHEN.
BUSINESSMAN NEAR BIRMINGHAM, MCCUTCHEN.
BUSINESSMAN NEAR BIRMINGHAM, ALABAMA.
BUSINESSMAN NEAR BIRMINGHAM, ALABAMA.
WHO SAYS I'M NOT GOING TO ALABAMA.
WHO SAYS I'M NOT GOING TO CHALLENGE THE INDIVIDUAL BASE WHO SAYS I'M NOT GOING TO CHALLENGE THE INDIVIDUAL BASE LIMITS, $2,600 YOU CAN GIVE TO CHALLENGE THE INDIVIDUAL BASE LIMITS, $2,600 YOU CAN GIVE TO AN INDIVIDUAL CANDIDATE IN A LIMITS, $2,600 YOU CAN GIVE TO AN INDIVIDUAL CANDIDATE IN A TWO-YEAR ELECTION CYCLE BUT AN INDIVIDUAL CANDIDATE IN A TWO-YEAR ELECTION CYCLE BUT CHALLENGE THE AGGREGATE TOTALS TWO-YEAR ELECTION CYCLE BUT CHALLENGE THE AGGREGATE TOTALS THAT ARE LIMITING ME.
CHALLENGE THE AGGREGATE TOTALS THAT ARE LIMITING ME.
BECAUSE I WANT TO GIVE TO MORE THAT ARE LIMITING ME.
BECAUSE I WANT TO GIVE TO MORE CANDIDATES AND MORE POLITICAL BECAUSE I WANT TO GIVE TO MORE CANDIDATES AND MORE POLITICAL COMMITTEES.
CANDIDATES AND MORE POLITICAL COMMITTEES.
AND HE BACKED BY SENATOR COMMITTEES.
AND HE BACKED BY SENATOR COMMONLY AND BACKED BY THE AND HE BACKED BY SENATOR COMMONLY AND BACKED BY THE REPUBLICAN NATIONAL COMMITTEE COMMONLY AND BACKED BY THE REPUBLICAN NATIONAL COMMITTEE BEFORE THE SUPREME COURT ON REPUBLICAN NATIONAL COMMITTEE BEFORE THE SUPREME COURT ON TUESDAY SAID THESE VIOLATE OUR BEFORE THE SUPREME COURT ON TUESDAY SAID THESE VIOLATE OUR FIRST AMENDMENT SPEECH RIGHTS.
TUESDAY SAID THESE VIOLATE OUR FIRST AMENDMENT SPEECH RIGHTS.
NOW, THE SUPREME COURT IN THE FIRST AMENDMENT SPEECH RIGHTS.
NOW, THE SUPREME COURT IN THE PAST HAS SAID THAT GOVERNMENT NOW, THE SUPREME COURT IN THE PAST HAS SAID THAT GOVERNMENT HAS MORE LEEWAY TO REGULATE PAST HAS SAID THAT GOVERNMENT HAS MORE LEEWAY TO REGULATE CONTRIBUTIONS BECAUSE HAS MORE LEEWAY TO REGULATE CONTRIBUTIONS BECAUSE CONTRIBUTIONS RAISE THE SPECTER CONTRIBUTIONS BECAUSE CONTRIBUTIONS RAISE THE SPECTER OF POSSIBLE QUID PRO QUO.
CONTRIBUTIONS RAISE THE SPECTER OF POSSIBLE QUID PRO QUO.
AS OPPOSED TO WHAT WAS AT ISSUE OF POSSIBLE QUID PRO QUO.
AS OPPOSED TO WHAT WAS AT ISSUE IN CITIZENS UNITED WHICH WAS AS OPPOSED TO WHAT WAS AT ISSUE IN CITIZENS UNITED WHICH WAS INDEPENDENT SPENDING BY IN CITIZENS UNITED WHICH WAS INDEPENDENT SPENDING BY CORPORATIONS AND LABOR UNIONS.
INDEPENDENT SPENDING BY CORPORATIONS AND LABOR UNIONS.
SO THIS IS A MORE DIRECT WAY CORPORATIONS AND LABOR UNIONS.
SO THIS IS A MORE DIRECT WAY THAT CONTRIBUTOR CAN TRY TO WIN SO THIS IS A MORE DIRECT WAY THAT CONTRIBUTOR CAN TRY TO WIN FAVOR WITH AN OFFICE HOLDER.
THAT CONTRIBUTOR CAN TRY TO WIN FAVOR WITH AN OFFICE HOLDER.
GWEN: I'M CURIOUS ABOUT THE WAY FAVOR WITH AN OFFICE HOLDER.
GWEN: I'M CURIOUS ABOUT THE WAY THESE CASES GET TO THE COURT GWEN: I'M CURIOUS ABOUT THE WAY THESE CASES GET TO THE COURT AND SO MANY OF THESE STRONGLY THESE CASES GET TO THE COURT AND SO MANY OF THESE STRONGLY IDEOLOGICAL CASES THEY FIND A AND SO MANY OF THESE STRONGLY IDEOLOGICAL CASES THEY FIND A PLAINTIFF WHO WILL THEN TAKE IT IDEOLOGICAL CASES THEY FIND A PLAINTIFF WHO WILL THEN TAKE IT AND CHALLENGE THE ISSUE UNTIL PLAINTIFF WHO WILL THEN TAKE IT AND CHALLENGE THE ISSUE UNTIL IT GETS TO THE COURT.
AND CHALLENGE THE ISSUE UNTIL IT GETS TO THE COURT.
IS THISHA WHAT ENPPPPED WITH TH IT GETS TO THE COURT.
IS THISHA WHAT ENPPPPED WITH TH GUY?
IS THISHA WHAT ENPPPPED WITH TH GUY?
>> YES.
GUY?
>> YES.
BECAUSE WE HAD -- THESE THINGS >> YES.
BECAUSE WE HAD -- THESE THINGS HAVE BEEN SLOWLY COMING UP FROM BECAUSE WE HAD -- THESE THINGS HAVE BEEN SLOWLY COMING UP FROM VARIOUS QUARTERS.
HAVE BEEN SLOWLY COMING UP FROM VARIOUS QUARTERS.
PRIMARILY FROM REPUBLICANS.
VARIOUS QUARTERS.
PRIMARILY FROM REPUBLICANS.
THIS DOES BREAK DOWN BOTH PRIMARILY FROM REPUBLICANS.
THIS DOES BREAK DOWN BOTH POLITICALLY AND IDEA LOGICALLY.
THIS DOES BREAK DOWN BOTH POLITICALLY AND IDEA LOGICALLY.
WITH A LOT OF REPUBLICANS POLITICALLY AND IDEA LOGICALLY.
WITH A LOT OF REPUBLICANS SEEING THEIR EYE ON A SUPREME WITH A LOT OF REPUBLICANS SEEING THEIR EYE ON A SUPREME COURT THAT'S BEEN LOOKING MUCH SEEING THEIR EYE ON A SUPREME COURT THAT'S BEEN LOOKING MUCH MORE SKEPTICALLY AT FEDERAL COURT THAT'S BEEN LOOKING MUCH MORE SKEPTICALLY AT FEDERAL REGULATION OF CAMPAIGN MORE SKEPTICALLY AT FEDERAL REGULATION OF CAMPAIGN FINANCING AND LOOK AT THE REGULATION OF CAMPAIGN FINANCING AND LOOK AT THE SPEECH.
FINANCING AND LOOK AT THE SPEECH.
THE COURT HAS SAID IN THE SPEECH.
THE COURT HAS SAID IN THE PASTNESS A FIRST AMENDMENT THE COURT HAS SAID IN THE PASTNESS A FIRST AMENDMENT SPEECH RIGHT.
PASTNESS A FIRST AMENDMENT SPEECH RIGHT.
BUT WHERE THIS CASE IS SPEECH RIGHT.
BUT WHERE THIS CASE IS DIFFERENT THAT IT'S NOT ABOUT BUT WHERE THIS CASE IS DIFFERENT THAT IT'S NOT ABOUT SPENDING.
DIFFERENT THAT IT'S NOT ABOUT SPENDING.
IT'S ABOUT A MORE DIRECT SPENDING.
IT'S ABOUT A MORE DIRECT ELEMENT THAT IN THE PAST, THE IT'S ABOUT A MORE DIRECT ELEMENT THAT IN THE PAST, THE SUPREME COURT HAS SAID, ELEMENT THAT IN THE PAST, THE SUPREME COURT HAS SAID, REQUIRES A LITTLE BIT MORE SUPREME COURT HAS SAID, REQUIRES A LITTLE BIT MORE LATITUDE ON THE PART OF REQUIRES A LITTLE BIT MORE LATITUDE ON THE PART OF GOVERNMENT BECAUSE IT COULD LATITUDE ON THE PART OF GOVERNMENT BECAUSE IT COULD GIVE EITHER -- THE APPEARANCE GOVERNMENT BECAUSE IT COULD GIVE EITHER -- THE APPEARANCE OF CORRUPTION OR ACTUAL GIVE EITHER -- THE APPEARANCE OF CORRUPTION OR ACTUAL CORRUPTION.
OF CORRUPTION OR ACTUAL CORRUPTION.
>> ONE OF THE THINGS THAT I CORRUPTION.
>> ONE OF THE THINGS THAT I UNDERSTAND IS THAT CITIZENS >> ONE OF THE THINGS THAT I UNDERSTAND IS THAT CITIZENS UNITED IN A WAY CAME UP AS UNDERSTAND IS THAT CITIZENS UNITED IN A WAY CAME UP AS MAYBE SOME SECOND-GUESSING UNITED IN A WAY CAME UP AS MAYBE SOME SECOND-GUESSING ABOUT IT OR MAYBE SOME HINTS MAYBE SOME SECOND-GUESSING ABOUT IT OR MAYBE SOME HINTS ABOUT WHAT MIGHT GO FORWARD.
ABOUT IT OR MAYBE SOME HINTS ABOUT WHAT MIGHT GO FORWARD.
CAN YOU EXPLAIN WHAT THEY WERE ABOUT WHAT MIGHT GO FORWARD.
CAN YOU EXPLAIN WHAT THEY WERE TALKING ABOUT?
CAN YOU EXPLAIN WHAT THEY WERE TALKING ABOUT?
>> A DICHOTOMY.
TALKING ABOUT?
>> A DICHOTOMY.
AND THIS ALL TRACES BACK TO A >> A DICHOTOMY.
AND THIS ALL TRACES BACK TO A 1976 RULING CALLED BUCKLEY AND THIS ALL TRACES BACK TO A 1976 RULING CALLED BUCKLEY VERSUS VALEO.
1976 RULING CALLED BUCKLEY VERSUS VALEO.
THE SUPREME COURT'S LOOK AT THE VERSUS VALEO.
THE SUPREME COURT'S LOOK AT THE POST-WATERGATE REFORMS.
THE SUPREME COURT'S LOOK AT THE POST-WATERGATE REFORMS.
IN THAT RULING THE COURT DREW POST-WATERGATE REFORMS.
IN THAT RULING THE COURT DREW THE DISTINCTION BETWEEN IN THAT RULING THE COURT DREW THE DISTINCTION BETWEEN GOVERNMENT'S ABILITY TO THE DISTINCTION BETWEEN GOVERNMENT'S ABILITY TO REGULATE INDEPENDENT GOVERNMENT'S ABILITY TO REGULATE INDEPENDENT EXPENDITURES VERSUS REGULATE INDEPENDENT EXPENDITURES VERSUS CONTRIBUTIONS.
EXPENDITURES VERSUS CONTRIBUTIONS.
AND A COUPLE OF THE JUSTICES CONTRIBUTIONS.
AND A COUPLE OF THE JUSTICES SAID, YOU KNOW, WHY DO WE STILL AND A COUPLE OF THE JUSTICES SAID, YOU KNOW, WHY DO WE STILL HAVE THAT?
SAID, YOU KNOW, WHY DO WE STILL HAVE THAT?
DO WE HAVE -- SHOULD GOVERNMENT HAVE THAT?
DO WE HAVE -- SHOULD GOVERNMENT HAVE THAT KIND OF LATITUDE FOR DO WE HAVE -- SHOULD GOVERNMENT HAVE THAT KIND OF LATITUDE FOR CONTRIBUTIONS?
HAVE THAT KIND OF LATITUDE FOR CONTRIBUTIONS?
AND AT ONE POINT, THEY WERE CONTRIBUTIONS?
AND AT ONE POINT, THEY WERE TALKING ABOUT WHETHER ACTUALLY AND AT ONE POINT, THEY WERE TALKING ABOUT WHETHER ACTUALLY MAKE IT HARDER FOR GOVERNMENT TALKING ABOUT WHETHER ACTUALLY MAKE IT HARDER FOR GOVERNMENT TO RESTRICT CONTRIBUTIONS.
MAKE IT HARDER FOR GOVERNMENT TO RESTRICT CONTRIBUTIONS.
AND ELENA KAGAN WHO WAS THE TO RESTRICT CONTRIBUTIONS.
AND ELENA KAGAN WHO WAS THE FORMER SOLICITOR GENERAL FOR AND ELENA KAGAN WHO WAS THE FORMER SOLICITOR GENERAL FOR PRESIDENT OBAMA SAID WAIT A FORMER SOLICITOR GENERAL FOR PRESIDENT OBAMA SAID WAIT A MINUTE.
PRESIDENT OBAMA SAID WAIT A MINUTE.
WHAT ABOUT GOING THE OTHER WAY?
MINUTE.
WHAT ABOUT GOING THE OTHER WAY?
MAKING IT HARDER, YOU KNOW, WHAT ABOUT GOING THE OTHER WAY?
MAKING IT HARDER, YOU KNOW, MAKING IT EASIER FRANKLY FOR MAKING IT HARDER, YOU KNOW, MAKING IT EASIER FRANKLY FOR GOVERNMENT TO THEN COME IN AND MAKING IT EASIER FRANKLY FOR GOVERNMENT TO THEN COME IN AND REGULATE EXPENDITURES.
GOVERNMENT TO THEN COME IN AND REGULATE EXPENDITURES.
IN EFFECT REVERSING CITIZENS REGULATE EXPENDITURES.
IN EFFECT REVERSING CITIZENS UNITED.
IN EFFECT REVERSING CITIZENS UNITED.
AND SOLICITOR GENERAL DON UNITED.
AND SOLICITOR GENERAL DON VERELI WHO SUCCEEDED HER WAS AT AND SOLICITOR GENERAL DON VERELI WHO SUCCEEDED HER WAS AT THE LECTURN SAYING FAR BE FROM VERELI WHO SUCCEEDED HER WAS AT THE LECTURN SAYING FAR BE FROM ME TO GO BACKWARD WHICH WAS A THE LECTURN SAYING FAR BE FROM ME TO GO BACKWARD WHICH WAS A NICE MOMENT IN THE COURTROOM.
ME TO GO BACKWARD WHICH WAS A NICE MOMENT IN THE COURTROOM.
>> JOAN, WHAT WAS THE NICE MOMENT IN THE COURTROOM.
>> JOAN, WHAT WAS THE ATMOSPHERE LIKE IN THE >> JOAN, WHAT WAS THE ATMOSPHERE LIKE IN THE COURTROOM AND DID YOU GET A ATMOSPHERE LIKE IN THE COURTROOM AND DID YOU GET A SENSE THAT ANY PARTICULAR COURTROOM AND DID YOU GET A SENSE THAT ANY PARTICULAR JUSTICE DOMINATED THE QUESTIONS SENSE THAT ANY PARTICULAR JUSTICE DOMINATED THE QUESTIONS OR REALLY AROUSED PEOPLE'S JUSTICE DOMINATED THE QUESTIONS OR REALLY AROUSED PEOPLE'S INTERESTS WITH THIS?
OR REALLY AROUSED PEOPLE'S INTERESTS WITH THIS?
>> JUSTICE ELENA KAGAN, INTERESTS WITH THIS?
>> JUSTICE ELENA KAGAN, FLASHBACK TO SEPTEMBER OF 2009, >> JUSTICE ELENA KAGAN, FLASHBACK TO SEPTEMBER OF 2009, WHEN THE COURT HEARD CITIZENS FLASHBACK TO SEPTEMBER OF 2009, WHEN THE COURT HEARD CITIZENS UNITED, SHE WAS ACTUALLY AT THE WHEN THE COURT HEARD CITIZENS UNITED, SHE WAS ACTUALLY AT THE LECTURN.
UNITED, SHE WAS ACTUALLY AT THE LECTURN.
ARGUING ON BEHALF OF THE OBAMA LECTURN.
ARGUING ON BEHALF OF THE OBAMA ADMINISTRATION TO REJECT -- ARGUING ON BEHALF OF THE OBAMA ADMINISTRATION TO REJECT -- GWEN: WAS VERY ACTIVE IN THESE ADMINISTRATION TO REJECT -- GWEN: WAS VERY ACTIVE IN THESE ARGUMENTS.
GWEN: WAS VERY ACTIVE IN THESE ARGUMENTS.
>> COMPLETELY ACTIVE.
ARGUMENTS.
>> COMPLETELY ACTIVE.
AND UP ON THE BENCH HAVING BEEN >> COMPLETELY ACTIVE.
AND UP ON THE BENCH HAVING BEEN APPOINTED BY PRESIDENT OBAMA IN AND UP ON THE BENCH HAVING BEEN APPOINTED BY PRESIDENT OBAMA IN 2010.
APPOINTED BY PRESIDENT OBAMA IN 2010.
AND SHE WAS THERE RIGHT OUT OF 2010.
AND SHE WAS THERE RIGHT OUT OF THE BOX.
AND SHE WAS THERE RIGHT OUT OF THE BOX.
TRYING TO DEFEND THE OBAMA -- THE BOX.
TRYING TO DEFEND THE OBAMA -- THE GOVERNMENT'S REGULATION TRYING TO DEFEND THE OBAMA -- THE GOVERNMENT'S REGULATION HERE.
THE GOVERNMENT'S REGULATION HERE.
SO SHE WAS QUITE ACTIVE.
HERE.
SO SHE WAS QUITE ACTIVE.
THE PERSON WHO I WAS LOOKING SO SHE WAS QUITE ACTIVE.
THE PERSON WHO I WAS LOOKING FOR WAS CHIEF JUSTICE JOHN THE PERSON WHO I WAS LOOKING FOR WAS CHIEF JUSTICE JOHN ROBERTS.
FOR WAS CHIEF JUSTICE JOHN ROBERTS.
AS WE KNOW HE HAS TAKEN SO MUCH ROBERTS.
AS WE KNOW HE HAS TAKEN SO MUCH CRITICISM FOR THE CITIZENS AS WE KNOW HE HAS TAKEN SO MUCH CRITICISM FOR THE CITIZENS UNITED RULING.
CRITICISM FOR THE CITIZENS UNITED RULING.
WHICH JUST A REMINDER EVERYONE, UNITED RULING.
WHICH JUST A REMINDER EVERYONE, 5-4 ALONG IDEOLOGICAL LINES.
WHICH JUST A REMINDER EVERYONE, 5-4 ALONG IDEOLOGICAL LINES.
ALLOWED MORE CORPORATE AND 5-4 ALONG IDEOLOGICAL LINES.
ALLOWED MORE CORPORATE AND LABOR UNION MONEY INTO ALLOWED MORE CORPORATE AND LABOR UNION MONEY INTO ELECTIONS.
LABOR UNION MONEY INTO ELECTIONS.
AND I WONDERED IF HE WOULD TIP ELECTIONS.
AND I WONDERED IF HE WOULD TIP HIS HAND A LITTLE BIT.
AND I WONDERED IF HE WOULD TIP HIS HAND A LITTLE BIT.
AND WHAT WE SAW WITH HIM, MORE HIS HAND A LITTLE BIT.
AND WHAT WE SAW WITH HIM, MORE MUTED IN THIS ARGUMENT.
AND WHAT WE SAW WITH HIM, MORE MUTED IN THIS ARGUMENT.
LOOKING AS IF HE WOULD NOT LIKE MUTED IN THIS ARGUMENT.
LOOKING AS IF HE WOULD NOT LIKE CAPS ON HOW MUCH AN INDIVIDUAL LOOKING AS IF HE WOULD NOT LIKE CAPS ON HOW MUCH AN INDIVIDUAL COULD GIVE TO A CANDIDATE.
CAPS ON HOW MUCH AN INDIVIDUAL COULD GIVE TO A CANDIDATE.
BUT MAYBE ALLOWING CAPS TO COULD GIVE TO A CANDIDATE.
BUT MAYBE ALLOWING CAPS TO POLITICAL PARTIES.
BUT MAYBE ALLOWING CAPS TO POLITICAL PARTIES.
>> INTERESTING.
POLITICAL PARTIES.
>> INTERESTING.
>> NEW TERM, BUT MY FAVORITE >> INTERESTING.
>> NEW TERM, BUT MY FAVORITE CLASSIC QUESTION OF THE COURT, >> NEW TERM, BUT MY FAVORITE CLASSIC QUESTION OF THE COURT, DID JUSTICE THOMAS ASK A CLASSIC QUESTION OF THE COURT, DID JUSTICE THOMAS ASK A QUESTION?
DID JUSTICE THOMAS ASK A QUESTION?
>> NO.
QUESTION?
>> NO.
NOT SINCE FEBRUARY OF 2006, >> NO.
NOT SINCE FEBRUARY OF 2006, JIM.
NOT SINCE FEBRUARY OF 2006, JIM.
GWEN: WHY -- JIM.
GWEN: WHY -- >> HE DID NOT ASK A QUESTION.
GWEN: WHY -- >> HE DID NOT ASK A QUESTION.
SO WE'RE GOING FOR -- I THINK >> HE DID NOT ASK A QUESTION.
SO WE'RE GOING FOR -- I THINK HE'S GOING TO GO FOR A PERSONAL SO WE'RE GOING FOR -- I THINK HE'S GOING TO GO FOR A PERSONAL BEST.
HE'S GOING TO GO FOR A PERSONAL BEST.
GWEN: AND IN THE END, IS IT BEST.
GWEN: AND IN THE END, IS IT POSSIBLE AT ALL THAT WE COULD GWEN: AND IN THE END, IS IT POSSIBLE AT ALL THAT WE COULD SEE A REVERSAL OF CITIZENS POSSIBLE AT ALL THAT WE COULD SEE A REVERSAL OF CITIZENS UNITED?
SEE A REVERSAL OF CITIZENS UNITED?
SURELY THAT'S THE FONDEST WISH UNITED?
SURELY THAT'S THE FONDEST WISH OF MANY OF THE CONSERVATIVES ON SURELY THAT'S THE FONDEST WISH OF MANY OF THE CONSERVATIVES ON THE COURT.
OF MANY OF THE CONSERVATIVES ON THE COURT.
>> NOT ON THIS CASE BUT WHAT IT THE COURT.
>> NOT ON THIS CASE BUT WHAT IT COULD TAKE IF WE HAVE OUR >> NOT ON THIS CASE BUT WHAT IT COULD TAKE IF WE HAVE OUR 77-YEAR-OLD JUSTICES ANTONIN COULD TAKE IF WE HAVE OUR 77-YEAR-OLD JUSTICES ANTONIN SCALIA OR ANTHONY KENNEDY 77-YEAR-OLD JUSTICES ANTONIN SCALIA OR ANTHONY KENNEDY DECIDE TO STEP DOWN IN THE NEAR SCALIA OR ANTHONY KENNEDY DECIDE TO STEP DOWN IN THE NEAR FUTURE, AND HAVE A NEW DECIDE TO STEP DOWN IN THE NEAR FUTURE, AND HAVE A NEW DEMOCRATIC APPOINTEE, THEN YOU FUTURE, AND HAVE A NEW DEMOCRATIC APPOINTEE, THEN YOU WOULDN'T -- DEMOCRATIC APPOINTEE, THEN YOU WOULDN'T -- GWEN: CONSERVATIVES.
WOULDN'T -- GWEN: CONSERVATIVES.
I MEANT LIBERALS ON THE COURT.
GWEN: CONSERVATIVES.
I MEANT LIBERALS ON THE COURT.
>> THEY GOT FOUR OF THEM.
I MEANT LIBERALS ON THE COURT.
>> THEY GOT FOUR OF THEM.
AND THEY'RE ON THE YOUNGER SIDE >> THEY GOT FOUR OF THEM.
AND THEY'RE ON THE YOUNGER SIDE NOW.
AND THEY'RE ON THE YOUNGER SIDE NOW.
OUR TWO NEWEST JUSTICES HAPPEN NOW.
OUR TWO NEWEST JUSTICES HAPPEN TO BE DEMOCRATIC.
OUR TWO NEWEST JUSTICES HAPPEN TO BE DEMOCRATIC.
SO RULINGS HAVE BEEN REVERSED TO BE DEMOCRATIC.
SO RULINGS HAVE BEEN REVERSED BEFORE.
SO RULINGS HAVE BEEN REVERSED BEFORE.
IT WOULD BE A VERY BIG DEAL.
BEFORE.
IT WOULD BE A VERY BIG DEAL.
BUT IT'S NOT LIKE DEMOCRATS IT WOULD BE A VERY BIG DEAL.
BUT IT'S NOT LIKE DEMOCRATS DON'T HAVE THEIR FINGERS BUT IT'S NOT LIKE DEMOCRATS DON'T HAVE THEIR FINGERS CROSSED FOR POSSIBLY ANOTHER DON'T HAVE THEIR FINGERS CROSSED FOR POSSIBLY ANOTHER NOMINEE.
CROSSED FOR POSSIBLY ANOTHER NOMINEE.
GWEN: WE LOVE THAT FIRST MONDAY NOMINEE.
GWEN: WE LOVE THAT FIRST MONDAY IN OCTOBER.
GWEN: WE LOVE THAT FIRST MONDAY IN OCTOBER.
SOME THINGS AT LEAST STILL OPEN IN OCTOBER.
SOME THINGS AT LEAST STILL OPEN THIS WEEK IN WASHINGTON.
SOME THINGS AT LEAST STILL OPEN THIS WEEK IN WASHINGTON.
I CAN'T RECALL A TIME WHEN THIS WEEK IN WASHINGTON.
I CAN'T RECALL A TIME WHEN THERE HAS BEEN SO MUCH SUSPENSE I CAN'T RECALL A TIME WHEN THERE HAS BEEN SO MUCH SUSPENSE ABOUT WHO WOULD BECOME CHAIRMAN THERE HAS BEEN SO MUCH SUSPENSE ABOUT WHO WOULD BECOME CHAIRMAN OF THE FEDERAL RESERVE.
ABOUT WHO WOULD BECOME CHAIRMAN OF THE FEDERAL RESERVE.
WELL, THE PRESIDENT ENDED THAT OF THE FEDERAL RESERVE.
WELL, THE PRESIDENT ENDED THAT SUSPENSE THIS WEEK BY PICKING WELL, THE PRESIDENT ENDED THAT SUSPENSE THIS WEEK BY PICKING OUTGOING CHAIR BEN BERNANKE'S SUSPENSE THIS WEEK BY PICKING OUTGOING CHAIR BEN BERNANKE'S DEPUTY TO SUCCEED HIM.
OUTGOING CHAIR BEN BERNANKE'S DEPUTY TO SUCCEED HIM.
IF CONFIRMED, JANET YELLEN DEPUTY TO SUCCEED HIM.
IF CONFIRMED, JANET YELLEN WOULD BE THE FIRST WOMAN TO RUN IF CONFIRMED, JANET YELLEN WOULD BE THE FIRST WOMAN TO RUN THE FED.
WOULD BE THE FIRST WOMAN TO RUN THE FED.
THIS IS HOW THE PRESIDENT THE FED.
THIS IS HOW THE PRESIDENT DESCRIBED HER.
THIS IS HOW THE PRESIDENT DESCRIBED HER.
>> JANET IS RENOWNED FOR HER DESCRIBED HER.
>> JANET IS RENOWNED FOR HER GOOD JUDGMENT AND SOUNDED THE >> JANET IS RENOWNED FOR HER GOOD JUDGMENT AND SOUNDED THE ALARM EARLY ABOUT HOW THE GOOD JUDGMENT AND SOUNDED THE ALARM EARLY ABOUT HOW THE HOUSING BUBBLE.
ALARM EARLY ABOUT HOW THE HOUSING BUBBLE.
ABOUT EXCESSES IN THE FINANCIAL HOUSING BUBBLE.
ABOUT EXCESSES IN THE FINANCIAL SECTOR.
ABOUT EXCESSES IN THE FINANCIAL SECTOR.
AND ABOUT THE RISKS OF A MAJOR SECTOR.
AND ABOUT THE RISKS OF A MAJOR RECESSION.
AND ABOUT THE RISKS OF A MAJOR RECESSION.
SHY DOESN'T HAVE A CRYSTAL BALL RECESSION.
SHY DOESN'T HAVE A CRYSTAL BALL BUT A KEY UNDERSTANDING OF HOW SHY DOESN'T HAVE A CRYSTAL BALL BUT A KEY UNDERSTANDING OF HOW MARKETS AND THE ECONOMY WORK.
BUT A KEY UNDERSTANDING OF HOW MARKETS AND THE ECONOMY WORK.
NOT JUST IN THEORY BUT ALSO IN MARKETS AND THE ECONOMY WORK.
NOT JUST IN THEORY BUT ALSO IN THE REAL WORLD.
NOT JUST IN THEORY BUT ALSO IN THE REAL WORLD.
GWEN: WHAT DOES HE MEAN SHE THE REAL WORLD.
GWEN: WHAT DOES HE MEAN SHE DOESN'T HAVE A CRYSTAL BALL?
GWEN: WHAT DOES HE MEAN SHE DOESN'T HAVE A CRYSTAL BALL?
I THOUGHT AFTER THE BUILDUP TO DOESN'T HAVE A CRYSTAL BALL?
I THOUGHT AFTER THE BUILDUP TO THIS APPOINTMENT.
I THOUGHT AFTER THE BUILDUP TO THIS APPOINTMENT.
WHY DIDN'T SHE HAVE A LOCK ON THIS APPOINTMENT.
WHY DIDN'T SHE HAVE A LOCK ON THIS JOB FROM THE BEGINNING IF WHY DIDN'T SHE HAVE A LOCK ON THIS JOB FROM THE BEGINNING IF HE WAS PRAISING HER SO MUCH SO THIS JOB FROM THE BEGINNING IF HE WAS PRAISING HER SO MUCH SO THIS WEEK?
HE WAS PRAISING HER SO MUCH SO THIS WEEK?
>> THAT'S AN INTERESTING THIS WEEK?
>> THAT'S AN INTERESTING QUESTION.
>> THAT'S AN INTERESTING QUESTION.
IF YOU GO BACK FIVE OR SIX QUESTION.
IF YOU GO BACK FIVE OR SIX MONTHS WHEN THIS WAS STILL A IF YOU GO BACK FIVE OR SIX MONTHS WHEN THIS WAS STILL A BIG QUESTION OF WHO THE CHOICE MONTHS WHEN THIS WAS STILL A BIG QUESTION OF WHO THE CHOICE WOULD BE, A VARIETY OF LEAKS BIG QUESTION OF WHO THE CHOICE WOULD BE, A VARIETY OF LEAKS FROM THE WHITE HOUSE THAT WOULD BE, A VARIETY OF LEAKS FROM THE WHITE HOUSE THAT SUGGESTED THEY WERE LOOKING AT FROM THE WHITE HOUSE THAT SUGGESTED THEY WERE LOOKING AT A COUPLE OF PEOPLE AND PERHAPS SUGGESTED THEY WERE LOOKING AT A COUPLE OF PEOPLE AND PERHAPS THE PRESIDENT WOULD HAVE A COUPLE OF PEOPLE AND PERHAPS THE PRESIDENT WOULD HAVE PREFERRED LARRY SUMMERS.
THE PRESIDENT WOULD HAVE PREFERRED LARRY SUMMERS.
LARRY SUMMERS WAS HIS CHIEF PREFERRED LARRY SUMMERS.
LARRY SUMMERS WAS HIS CHIEF ECONOMIC ADVISOR, THE FIRST TWO LARRY SUMMERS WAS HIS CHIEF ECONOMIC ADVISOR, THE FIRST TWO YEARS OF HIS FIRST TERM AND ECONOMIC ADVISOR, THE FIRST TWO YEARS OF HIS FIRST TERM AND TREASURY SECRETARY BACK IN THE YEARS OF HIS FIRST TERM AND TREASURY SECRETARY BACK IN THE 1990'S.
TREASURY SECRETARY BACK IN THE 1990'S.
IF YOU LOOK AT LARRY SUMMERS 1990'S.
IF YOU LOOK AT LARRY SUMMERS AND JANET YELLIN, NOT HOW IF YOU LOOK AT LARRY SUMMERS AND JANET YELLIN, NOT HOW DIFFERENT THEY ARE BUT HOW AND JANET YELLIN, NOT HOW DIFFERENT THEY ARE BUT HOW SIMILAR THEY ARE.
DIFFERENT THEY ARE BUT HOW SIMILAR THEY ARE.
THEY STARTED LIFE AS ACADEMIC SIMILAR THEY ARE.
THEY STARTED LIFE AS ACADEMIC ECONOMISTS AND MADE THEY STARTED LIFE AS ACADEMIC ECONOMISTS AND MADE CONTRIBUTIONS TO MACRO AND ECONOMISTS AND MADE CONTRIBUTIONS TO MACRO AND LABOR MARKETS AND SPENT ALL CONTRIBUTIONS TO MACRO AND LABOR MARKETS AND SPENT ALL THIS TIME IN PUBLIC LIFE.
LABOR MARKETS AND SPENT ALL THIS TIME IN PUBLIC LIFE.
JANET YELLIN IN THE CLINTON THIS TIME IN PUBLIC LIFE.
JANET YELLIN IN THE CLINTON ADMINISTRATION WAS CHAIRMAN OF JANET YELLIN IN THE CLINTON ADMINISTRATION WAS CHAIRMAN OF THE COUNCIL OF ECONOMIC ADMINISTRATION WAS CHAIRMAN OF THE COUNCIL OF ECONOMIC ADVISORS.
THE COUNCIL OF ECONOMIC ADVISORS.
BUT WHAT -- WHAT THE WORD WAS ADVISORS.
BUT WHAT -- WHAT THE WORD WAS FROM THE WHITE HOUSE WAS THAT BUT WHAT -- WHAT THE WORD WAS FROM THE WHITE HOUSE WAS THAT OBAMA WANTED SOMEBODY WHO WAS A FROM THE WHITE HOUSE WAS THAT OBAMA WANTED SOMEBODY WHO WAS A REALLY STEADY HAND IN A CRISIS.
OBAMA WANTED SOMEBODY WHO WAS A REALLY STEADY HAND IN A CRISIS.
>> AND YELLIN WAS NOT PART OF REALLY STEADY HAND IN A CRISIS.
>> AND YELLIN WAS NOT PART OF HIS TIGHT INNER CIRCLE.
>> AND YELLIN WAS NOT PART OF HIS TIGHT INNER CIRCLE.
>> THE FINANCIAL CRISIS.
HIS TIGHT INNER CIRCLE.
>> THE FINANCIAL CRISIS.
SUMMERS WAS.
>> THE FINANCIAL CRISIS.
SUMMERS WAS.
>> CORRECT.
SUMMERS WAS.
>> CORRECT.
AND ALSO WE HAVE SEEN FROM THIS >> CORRECT.
AND ALSO WE HAVE SEEN FROM THIS PRESIDENT THAT HE DOES TEND TO AND ALSO WE HAVE SEEN FROM THIS PRESIDENT THAT HE DOES TEND TO LIKE TO APPOINT PEOPLE THAT HE PRESIDENT THAT HE DOES TEND TO LIKE TO APPOINT PEOPLE THAT HE KNOWS AND HE'S COMFORTABLE LIKE TO APPOINT PEOPLE THAT HE KNOWS AND HE'S COMFORTABLE WITH.
KNOWS AND HE'S COMFORTABLE WITH.
A LOT OF PEOPLE ARE NOT WITH.
A LOT OF PEOPLE ARE NOT COMFORTABLE WITH LARRY SUMMERS A LOT OF PEOPLE ARE NOT COMFORTABLE WITH LARRY SUMMERS BUT BARACK OBAMA IS NOT ONE OF COMFORTABLE WITH LARRY SUMMERS BUT BARACK OBAMA IS NOT ONE OF THEM.
BUT BARACK OBAMA IS NOT ONE OF THEM.
AND YOU HAD THE SENSE THAT HE THEM.
AND YOU HAD THE SENSE THAT HE HAD A VERY HIGH DEGREE OF AND YOU HAD THE SENSE THAT HE HAD A VERY HIGH DEGREE OF COMFORT HAVING -- HE WOULD HAVE HAD A VERY HIGH DEGREE OF COMFORT HAVING -- HE WOULD HAVE HAD A HIGH DEGREE OF COMFORT.
COMFORT HAVING -- HE WOULD HAVE HAD A HIGH DEGREE OF COMFORT.
THE PROBLEM WAS THERE WERE A HAD A HIGH DEGREE OF COMFORT.
THE PROBLEM WAS THERE WERE A LOT OF PEOPLE THAT LARRY THE PROBLEM WAS THERE WERE A LOT OF PEOPLE THAT LARRY SUMMERS RUBBED THE WRONG WAY LOT OF PEOPLE THAT LARRY SUMMERS RUBBED THE WRONG WAY OVER THE YEARS.
SUMMERS RUBBED THE WRONG WAY OVER THE YEARS.
WHO WOULD NOT HAVE BEEN OVER THE YEARS.
WHO WOULD NOT HAVE BEEN COMFORTABLE WITH THAT JOB.
WHO WOULD NOT HAVE BEEN COMFORTABLE WITH THAT JOB.
AND IT WAS DEMOCRATS NOT COMFORTABLE WITH THAT JOB.
AND IT WAS DEMOCRATS NOT REPUBLICANS AND MANY HAD H AND IT WAS DEMOCRATS NOT REPUBLICANS AND MANY HAD H RAISED THE FACT THAT LARRY ON REPUBLICANS AND MANY HAD H RAISED THE FACT THAT LARRY ON THE WRONG SIDE OF THE DEBATE OF RAISED THE FACT THAT LARRY ON THE WRONG SIDE OF THE DEBATE OF REGULATION WHEN WE HAD LESS OF THE WRONG SIDE OF THE DEBATE OF REGULATION WHEN WE HAD LESS OF IT AND SHOULD HAVE HAD MORE OF REGULATION WHEN WE HAD LESS OF IT AND SHOULD HAVE HAD MORE OF IT AND HIS PERSONALITY CAN BE IT AND SHOULD HAVE HAD MORE OF IT AND HIS PERSONALITY CAN BE ALIENATING.
IT AND HIS PERSONALITY CAN BE ALIENATING.
>> THIS IS -- EVERYBODY TALKING ALIENATING.
>> THIS IS -- EVERYBODY TALKING ABOUT FIRSTS HERE.
>> THIS IS -- EVERYBODY TALKING ABOUT FIRSTS HERE.
I'M NOT GOING TO ASK YOU ABOUT ABOUT FIRSTS HERE.
I'M NOT GOING TO ASK YOU ABOUT THE FIRST WOMAN.
I'M NOT GOING TO ASK YOU ABOUT THE FIRST WOMAN.
I'LL ASK YOU ABOUT THE FIRST THE FIRST WOMAN.
I'LL ASK YOU ABOUT THE FIRST DEMOCRAT SINCE THE 1970'S.
I'LL ASK YOU ABOUT THE FIRST DEMOCRAT SINCE THE 1970'S.
SINCE PAUL VOLCKER, RIGHT?
DEMOCRAT SINCE THE 1970'S.
SINCE PAUL VOLCKER, RIGHT?
SO HOW WILL -- SINCE PAUL VOLCKER, RIGHT?
SO HOW WILL -- GWEN: VERY GOOD, JOAN.
SO HOW WILL -- GWEN: VERY GOOD, JOAN.
>> SUPREME COURT JUSTICES AND GWEN: VERY GOOD, JOAN.
>> SUPREME COURT JUSTICES AND FEDERAL RESERVE.
>> SUPREME COURT JUSTICES AND FEDERAL RESERVE.
AND HOW WILL AMERICANS FEDERAL RESERVE.
AND HOW WILL AMERICANS EXPERIENCE?
AND HOW WILL AMERICANS EXPERIENCE?
WILL WE SEE ANYTHING DIFFERENT?
EXPERIENCE?
WILL WE SEE ANYTHING DIFFERENT?
HOW WILL THAT -- IF YOU'RE WILL WE SEE ANYTHING DIFFERENT?
HOW WILL THAT -- IF YOU'RE TALKING ABOUT A DEMOCRATIC HOW WILL THAT -- IF YOU'RE TALKING ABOUT A DEMOCRATIC APPOINTEE IN TERMS OF MONETARY TALKING ABOUT A DEMOCRATIC APPOINTEE IN TERMS OF MONETARY POLICY, IT CAN'T BE THAT APPOINTEE IN TERMS OF MONETARY POLICY, IT CAN'T BE THAT RADICAL, RIGHT?
POLICY, IT CAN'T BE THAT RADICAL, RIGHT?
>> ESPECIALLY IF YOU LOOK AT RADICAL, RIGHT?
>> ESPECIALLY IF YOU LOOK AT THE ECONOMY RIGHT NOW.
>> ESPECIALLY IF YOU LOOK AT THE ECONOMY RIGHT NOW.
NOT MANY PEOPLE WHO WOULD THE ECONOMY RIGHT NOW.
NOT MANY PEOPLE WHO WOULD DISPUTE THAT.
NOT MANY PEOPLE WHO WOULD DISPUTE THAT.
UNEMPLOYMENT IS A BIGGER DISPUTE THAT.
UNEMPLOYMENT IS A BIGGER PROBLEM THAN INFLATION.
UNEMPLOYMENT IS A BIGGER PROBLEM THAN INFLATION.
SO IT'S NOT GOING TO PRODUCE AN PROBLEM THAN INFLATION.
SO IT'S NOT GOING TO PRODUCE AN IMMEDIATE CHANGE IN MONETARY SO IT'S NOT GOING TO PRODUCE AN IMMEDIATE CHANGE IN MONETARY POLICY.
IMMEDIATE CHANGE IN MONETARY POLICY.
MOREOVER, FOR THE LAST FEW POLICY.
MOREOVER, FOR THE LAST FEW YEARS, JANET YELLEN HAS BEEN MOREOVER, FOR THE LAST FEW YEARS, JANET YELLEN HAS BEEN THE VICE CHAIRMAN OF THE FED.
YEARS, JANET YELLEN HAS BEEN THE VICE CHAIRMAN OF THE FED.
AND SHE HAS HAD A BIG ROLE IN THE VICE CHAIRMAN OF THE FED.
AND SHE HAS HAD A BIG ROLE IN THE DECISION THAT BEN AND SHE HAS HAD A BIG ROLE IN THE DECISION THAT BEN BERNANKE'S OUTGOING CHARPE HAS THE DECISION THAT BEN BERNANKE'S OUTGOING CHARPE HAS TAKEN.
BERNANKE'S OUTGOING CHARPE HAS TAKEN.
PARTICULARLY THAT TRAITS WILL TAKEN.
PARTICULARLY THAT TRAITS WILL STAY NEAR ZERO FOR SEVERAL MORE PARTICULARLY THAT TRAITS WILL STAY NEAR ZERO FOR SEVERAL MORE YEARS AND GO FORWARD WITH IN STAY NEAR ZERO FOR SEVERAL MORE YEARS AND GO FORWARD WITH IN SO-CALLED QUANTITATIVE EASING YEARS AND GO FORWARD WITH IN SO-CALLED QUANTITATIVE EASING PROGRAM.
SO-CALLED QUANTITATIVE EASING PROGRAM.
THAT'S THE WAY ECONOMISTS REFER PROGRAM.
THAT'S THE WAY ECONOMISTS REFER TO PRINTING MONEY.
THAT'S THE WAY ECONOMISTS REFER TO PRINTING MONEY.
THEY BUY BONDS IN AN EFFORT TO TO PRINTING MONEY.
THEY BUY BONDS IN AN EFFORT TO STIMULATE GROWTH AND GET THEY BUY BONDS IN AN EFFORT TO STIMULATE GROWTH AND GET LONG-TERM TRAITS DOWN.
STIMULATE GROWTH AND GET LONG-TERM TRAITS DOWN.
AND THE PRESIDENT MADE IT CLEAR LONG-TERM TRAITS DOWN.
AND THE PRESIDENT MADE IT CLEAR IN HIS REMARKS THIS WEEK AND AND THE PRESIDENT MADE IT CLEAR IN HIS REMARKS THIS WEEK AND THROUGH THE WHOLE VETTING IN HIS REMARKS THIS WEEK AND THROUGH THE WHOLE VETTING PROCESS THAT IT WAS IMPORTANT THROUGH THE WHOLE VETTING PROCESS THAT IT WAS IMPORTANT TO HIM THAT HE HAVE A CANDIDATE PROCESS THAT IT WAS IMPORTANT TO HIM THAT HE HAVE A CANDIDATE WHO CARES MUCH ABOUT TO HIM THAT HE HAVE A CANDIDATE WHO CARES MUCH ABOUT UNEMPLOYMENT AS ABOUT WHO CARES MUCH ABOUT UNEMPLOYMENT AS ABOUT INFLATION.
UNEMPLOYMENT AS ABOUT INFLATION.
AND MORE LIKELY TO FIND THAT INFLATION.
AND MORE LIKELY TO FIND THAT WITH A DEMOCRATIC THAN A AND MORE LIKELY TO FIND THAT WITH A DEMOCRATIC THAN A REPUBLICAN CANDIDATE.
WITH A DEMOCRATIC THAN A REPUBLICAN CANDIDATE.
>> GREG, I HAVE HEARD FROM REPUBLICAN CANDIDATE.
>> GREG, I HAVE HEARD FROM PLENTY OF FOLKS THIS WEEK AS >> GREG, I HAVE HEARD FROM PLENTY OF FOLKS THIS WEEK AS I'M SURE YOU HAVE ABOUT JANET PLENTY OF FOLKS THIS WEEK AS I'M SURE YOU HAVE ABOUT JANET YELLEN AND THE ISSUE OF I'M SURE YOU HAVE ABOUT JANET YELLEN AND THE ISSUE OF INFLATION.
YELLEN AND THE ISSUE OF INFLATION.
IS THAT GOING TO BE THE BIG INFLATION.
IS THAT GOING TO BE THE BIG CONSERVATIVE KNOCK ON HER?
IS THAT GOING TO BE THE BIG CONSERVATIVE KNOCK ON HER?
FOLKS WHO OPPOSE HER CONSERVATIVE KNOCK ON HER?
FOLKS WHO OPPOSE HER CONFIRMATION?
FOLKS WHO OPPOSE HER CONFIRMATION?
>> THAT'S A VERY GOOD QUESTION.
CONFIRMATION?
>> THAT'S A VERY GOOD QUESTION.
BECAUSE SHE DOESN'T HAVE A JOB >> THAT'S A VERY GOOD QUESTION.
BECAUSE SHE DOESN'T HAVE A JOB YET.
BECAUSE SHE DOESN'T HAVE A JOB YET.
SHE HAS TO GO THROUGH YET.
SHE HAS TO GO THROUGH CONFIRMATION AND YOU'RE SAYING SHE HAS TO GO THROUGH CONFIRMATION AND YOU'RE SAYING -- YOU CAN REMEMBER A TIME WHEN CONFIRMATION AND YOU'RE SAYING -- YOU CAN REMEMBER A TIME WHEN THERE WAS SO MUCH ABOUT THE FED -- YOU CAN REMEMBER A TIME WHEN THERE WAS SO MUCH ABOUT THE FED CHAIRMANSHIP.
THERE WAS SO MUCH ABOUT THE FED CHAIRMANSHIP.
I CAN'T, EITHER.
CHAIRMANSHIP.
I CAN'T, EITHER.
THESE JOBS USED TO LIKE SAIL I CAN'T, EITHER.
THESE JOBS USED TO LIKE SAIL THROUGH.
THESE JOBS USED TO LIKE SAIL THROUGH.
THE ULTIMATE NONPARTISAN VOTE THROUGH.
THE ULTIMATE NONPARTISAN VOTE AND SAIL THROUGH THE SENATE THE ULTIMATE NONPARTISAN VOTE AND SAIL THROUGH THE SENATE WITH ALMOST NO OPPOSITION.
AND SAIL THROUGH THE SENATE WITH ALMOST NO OPPOSITION.
BUT IN THE LAST FIVE YEARS, THE WITH ALMOST NO OPPOSITION.
BUT IN THE LAST FIVE YEARS, THE FED HAS DONE A LOT OF BUT IN THE LAST FIVE YEARS, THE FED HAS DONE A LOT OF CONTROVERSIAL THINGS FROM FED HAS DONE A LOT OF CONTROVERSIAL THINGS FROM BAILING CONTROVERSIAL THINGS FROM BAILING A.I.G.
TO PUMPING ALL THIS BAILING A.I.G.
TO PUMPING ALL THIS MONEY INTO THE ECONOMY THROUGH A.I.G.
TO PUMPING ALL THIS MONEY INTO THE ECONOMY THROUGH QUANTITATIVE EASING AND MANY MONEY INTO THE ECONOMY THROUGH QUANTITATIVE EASING AND MANY UNCOMFORTABLE WITH THAT AND QUANTITATIVE EASING AND MANY UNCOMFORTABLE WITH THAT AND MOST OF THE REPUBLICANS IN THE UNCOMFORTABLE WITH THAT AND MOST OF THE REPUBLICANS IN THE SENATE ARE VERY UNCOMFORTABLE MOST OF THE REPUBLICANS IN THE SENATE ARE VERY UNCOMFORTABLE WITH THAT.
SENATE ARE VERY UNCOMFORTABLE WITH THAT.
BOB CORKER WHO VOTED AGAINST WITH THAT.
BOB CORKER WHO VOTED AGAINST HER TO BE VICE CHAIRMAN.
BOB CORKER WHO VOTED AGAINST HER TO BE VICE CHAIRMAN.
AND HE SAID THIS WEEK, SHE DID HER TO BE VICE CHAIRMAN.
AND HE SAID THIS WEEK, SHE DID NOT SEEM VERY MODEST ABOUT WHAT AND HE SAID THIS WEEK, SHE DID NOT SEEM VERY MODEST ABOUT WHAT MONETARY POLICY CAN ACHIEVE.
NOT SEEM VERY MODEST ABOUT WHAT MONETARY POLICY CAN ACHIEVE.
I HAVEN'T SEEN ANY CHANGES.
MONETARY POLICY CAN ACHIEVE.
I HAVEN'T SEEN ANY CHANGES.
I PREDICT THAT SHE WILL HAVE AS I HAVEN'T SEEN ANY CHANGES.
I PREDICT THAT SHE WILL HAVE AS MANY IF NOT MORE NO VOTES THAN I PREDICT THAT SHE WILL HAVE AS MANY IF NOT MORE NO VOTES THAN BEN BERNAMPING D AND DOESN'T MANY IF NOT MORE NO VOTES THAN BEN BERNAMPING D AND DOESN'T REALLY HAVE TO DO WITH HER BEN BERNAMPING D AND DOESN'T REALLY HAVE TO DO WITH HER RESUME WHICH IS FRANKLY REALLY HAVE TO DO WITH HER RESUME WHICH IS FRANKLY IRREPROACHABLE IN TERMS OF RESUME WHICH IS FRANKLY IRREPROACHABLE IN TERMS OF QUALIFICATIONS.
IRREPROACHABLE IN TERMS OF QUALIFICATIONS.
BUT THE FACT THAT IT HAS A MUCH QUALIFICATIONS.
BUT THE FACT THAT IT HAS A MUCH MORE CONTROVERSIAL ISSUE THAN BUT THE FACT THAT IT HAS A MUCH MORE CONTROVERSIAL ISSUE THAN IT USED TO BE.
MORE CONTROVERSIAL ISSUE THAN IT USED TO BE.
>> I THINK ABOUT THE IT USED TO BE.
>> I THINK ABOUT THE PRESIDENT'S DELIBERATION ABOUT >> I THINK ABOUT THE PRESIDENT'S DELIBERATION ABOUT WHOM THIS SHOULD BE.
PRESIDENT'S DELIBERATION ABOUT WHOM THIS SHOULD BE.
THERE WAS SO MUCH OF ALL THIS WHOM THIS SHOULD BE.
THERE WAS SO MUCH OF ALL THIS PREVETTING ON CAPITOL HILL.
THERE WAS SO MUCH OF ALL THIS PREVETTING ON CAPITOL HILL.
IN THE CONFIRMATION, WHAT WILL PREVETTING ON CAPITOL HILL.
IN THE CONFIRMATION, WHAT WILL THEY WANT TO KNOW FROM HER IN THE CONFIRMATION, WHAT WILL THEY WANT TO KNOW FROM HER ABOUT REGULATION OR -- WE THINK THEY WANT TO KNOW FROM HER ABOUT REGULATION OR -- WE THINK OF THE FED AS INDEPENDENCE.
ABOUT REGULATION OR -- WE THINK OF THE FED AS INDEPENDENCE.
BUT HOW MUCH ARE THEY GOING TO OF THE FED AS INDEPENDENCE.
BUT HOW MUCH ARE THEY GOING TO PULL OUT OF HER ABOUT WHERE SHE BUT HOW MUCH ARE THEY GOING TO PULL OUT OF HER ABOUT WHERE SHE WOULD GO AND WHERE SHE WOULD PULL OUT OF HER ABOUT WHERE SHE WOULD GO AND WHERE SHE WOULD TAKE THINGS AND WHAT DOES SHE WOULD GO AND WHERE SHE WOULD TAKE THINGS AND WHAT DOES SHE HAVE TO COMMIT TO?
TAKE THINGS AND WHAT DOES SHE HAVE TO COMMIT TO?
>> THERE ARE SO MANY THINGS HAVE TO COMMIT TO?
>> THERE ARE SO MANY THINGS THAT THE FED CHAIRMAN HAS TO >> THERE ARE SO MANY THINGS THAT THE FED CHAIRMAN HAS TO NOWADAYS ESPECIALLY IN THE THAT THE FED CHAIRMAN HAS TO NOWADAYS ESPECIALLY IN THE HIGHLY REGULATED WORLD WE'RE IN NOWADAYS ESPECIALLY IN THE HIGHLY REGULATED WORLD WE'RE IN HAS TO KEEP HER EYE ON.
HIGHLY REGULATED WORLD WE'RE IN HAS TO KEEP HER EYE ON.
SHE WILL GET A LOT OF QUESTIONS HAS TO KEEP HER EYE ON.
SHE WILL GET A LOT OF QUESTIONS ABOUT REGULATION.
SHE WILL GET A LOT OF QUESTIONS ABOUT REGULATION.
NOT AS MANY AS LARRY SUMMERS ABOUT REGULATION.
NOT AS MANY AS LARRY SUMMERS WOULD HAVE.
NOT AS MANY AS LARRY SUMMERS WOULD HAVE.
I MIGHT ADD.
WOULD HAVE.
I MIGHT ADD.
BUT SHE WILL GET A LOT OF I MIGHT ADD.
BUT SHE WILL GET A LOT OF QUESTIONS.
BUT SHE WILL GET A LOT OF QUESTIONS.
BUT I PREDICT THAT MOST OF THE QUESTIONS.
BUT I PREDICT THAT MOST OF THE QUESTIONS, ESPECIALLY FROM THE BUT I PREDICT THAT MOST OF THE QUESTIONS, ESPECIALLY FROM THE REPUBLICAN SIDE WILL BE ABOUT QUESTIONS, ESPECIALLY FROM THE REPUBLICAN SIDE WILL BE ABOUT MONETARY POLICY AND HOW MUCH REPUBLICAN SIDE WILL BE ABOUT MONETARY POLICY AND HOW MUCH MORE ARE YOU GOING TO CONTINUE MONETARY POLICY AND HOW MUCH MORE ARE YOU GOING TO CONTINUE WITH THIS MONEY PRINTING.
MORE ARE YOU GOING TO CONTINUE WITH THIS MONEY PRINTING.
GWEN: HOW DOES SHE PLAY THIS?
WITH THIS MONEY PRINTING.
GWEN: HOW DOES SHE PLAY THIS?
IT SEEMED LARRY SUMMERS WAS GWEN: HOW DOES SHE PLAY THIS?
IT SEEMED LARRY SUMMERS WAS CAMPAIGNING FOR THE JOB AND IT SEEMED LARRY SUMMERS WAS CAMPAIGNING FOR THE JOB AND DIDN'T GET IT AND SHE DIDN'T CAMPAIGNING FOR THE JOB AND DIDN'T GET IT AND SHE DIDN'T CAMPAIGN AT ALL.
DIDN'T GET IT AND SHE DIDN'T CAMPAIGN AT ALL.
>> QUITE THE OPPOSITE.
CAMPAIGN AT ALL.
>> QUITE THE OPPOSITE.
LET THE WORD OUT THAT SHE WOULD >> QUITE THE OPPOSITE.
LET THE WORD OUT THAT SHE WOULD NOT CAMPAIGN FOR THE JOB AND LET THE WORD OUT THAT SHE WOULD NOT CAMPAIGN FOR THE JOB AND DIDN'T WANT ANYBODY CAMPAIGNING NOT CAMPAIGN FOR THE JOB AND DIDN'T WANT ANYBODY CAMPAIGNING FOR THE JOB ON HER BEHALF.
DIDN'T WANT ANYBODY CAMPAIGNING FOR THE JOB ON HER BEHALF.
IT'S BECAUSE UNLIKE LARRY FOR THE JOB ON HER BEHALF.
IT'S BECAUSE UNLIKE LARRY SUMMERS SHE S BANKER.
IT'S BECAUSE UNLIKE LARRY SUMMERS SHE S BANKER.
AND THAT WOULD -- WOULD HAVE SUMMERS SHE S BANKER.
AND THAT WOULD -- WOULD HAVE NOT -- NOT LOOKED GOOD FROM THE AND THAT WOULD -- WOULD HAVE NOT -- NOT LOOKED GOOD FROM THE INDEPENDENT POINT OF VIEW.
NOT -- NOT LOOKED GOOD FROM THE INDEPENDENT POINT OF VIEW.
GWEN: SO MUCH FOR LEANING IN.
INDEPENDENT POINT OF VIEW.
GWEN: SO MUCH FOR LEANING IN.
LEANED BACK AND GOT THE JOB.
GWEN: SO MUCH FOR LEANING IN.
LEANED BACK AND GOT THE JOB.
THANK YOU, EVERYBODY.
LEANED BACK AND GOT THE JOB.
THANK YOU, EVERYBODY.
WE HAVE TO GO NOW.
THANK YOU, EVERYBODY.
WE HAVE TO GO NOW.
BUT THE CONVERSATION CONTINUES WE HAVE TO GO NOW.
BUT THE CONVERSATION CONTINUES ONLINE.
BUT THE CONVERSATION CONTINUES ONLINE.
AND ON THE "WASHINGTON WEEK" ONLINE.
AND ON THE "WASHINGTON WEEK" WEBCAST EXTRA.
AND ON THE "WASHINGTON WEEK" WEBCAST EXTRA.
WHERE WE'LL DELVE A LITTLE MORE WEBCAST EXTRA.
WHERE WE'LL DELVE A LITTLE MORE DEEPLY INTO THE PERSONALITIES WHERE WE'LL DELVE A LITTLE MORE DEEPLY INTO THE PERSONALITIES DRIVING THIS WEEK'S WASHINGTON DEEPLY INTO THE PERSONALITIES DRIVING THIS WEEK'S WASHINGTON POLITICS.
DRIVING THIS WEEK'S WASHINGTON POLITICS.
THAT STREAMS LIVE AT 8:30 P.M.
POLITICS.
THAT STREAMS LIVE AT 8:30 P.M. EASTERN AND ALL WEEKEND LONG ON THAT STREAMS LIVE AT 8:30 P.M. EASTERN AND ALL WEEKEND LONG ON SHOW SO OUR WEBSITE.
EASTERN AND ALL WEEKEND LONG ON SHOW SO OUR WEBSITE.
KEEP ONE DAILY DEVELOPMENTS ON SHOW SO OUR WEBSITE.
KEEP ONE DAILY DEVELOPMENTS ON THE SHUTDOWN SHOWDOWN AND OTHER KEEP ONE DAILY DEVELOPMENTS ON THE SHUTDOWN SHOWDOWN AND OTHER NEWS ON THE PBS NEWSHOUR SEVEN THE SHUTDOWN SHOWDOWN AND OTHER NEWS ON THE PBS NEWSHOUR SEVEN DAYS A WEEK AND WE'LL SEE YOU NEWS ON THE PBS NEWSHOUR SEVEN DAYS A WEEK AND WE'LL SEE YOU RIGHT AGAIN HERE NEXT WEEK ON DAYS A WEEK AND WE'LL SEE YOU RIGHT AGAIN HERE NEXT WEEK ON "WASHINGTON WEEK."
RIGHT AGAIN HERE NEXT WEEK ON "WASHINGTON WEEK."
GOOD NIGHT.
Celebrating 50 Years
Washington Week came on the air February 23, 1967. In the 50 years that followed, we covered a lot of history-making events. Read up on 10 of the biggest stories Washington Week covered in its first 50 years.
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