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tv   All In With Chris Hayes  MSNBC  November 19, 2021 12:00am-1:00am PST

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brian will be back tomorrow night. on behalf of all of my colleagues, at the network of nbc news, goodnight. , goodnight. tonight on all in, >> why is it that the only thing the republicans would punish one of their own members for in this congress is speaking out against donald trump? >> how is it, i don't understand your question. >> donald trump endorses paul gore side as the republican leader plans to reward him tonight. >> the stakes for american democracy as the troll caucus grows. then, as the build back better plan most towards the, vote senator bernie sanders, on his plan to hold of defense spending that no one is asking questions about. plus, dr. fauci, with this message on boosters and thanksgiving gatherings, and senator elizabeth warren of the big money interests trying to stop a biden bank regulator as it goes to joseph mccarthy returns to senate. >> i don't mean any disrespect,
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i don't know whether to call you professor, or comrade. >> senator i am not a communist. >> when all in starts right now. >> good evening from new york, i'm chris hayes, you know, congressional centers of colleagues are rare. and it makes sense. if you think about it. members of congress don't want to sit the president, potentially open themselves up to censure of their own. they are not generally in the business of policing each other's behavior. kind of a live in that live approach. that said, centers do happen. not very often, but from time to. time not by conduct but a member of congress is so outrageous, it requires formal condemnation. now before last night, this was the most censure, which is more than a decade ago. >> a dramatic moment, in washington tonight, you don't see this often, even over the course of a lifetime, the
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censure of a member of the, house of representatives. >> will the gentleman from new york, mr. wrangle, kindly appear in the well. >> democrat charles, wrangle tonight standing in the wall of the house, accepting the punishment as read by speaker pelosi. >> that is part of their ritual to go out there and face the, music and that is from december 2010. when the legendary, house democratic, charlie, a guy grew up with in new york we represented his harlem district, and, for dick gates, was censured by the house. it was for a number of, misdeeds including improper financial disclosures, and the failure to pay taxes on a vacation home. now, those ethical breaches, they were real, they were worthy of connotation, to my mind. but i was going back and looking at the stories, and they feel almost kind of quaint, frankly. in the post trump era. another thing to, note about,
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that you heard there in the, clip a moment ago, congressman wrangle, a democrat was censured by speaker nancy pelosi and the democratic congress. and he was, condemned by both parties, 333 members of congress, supported that censure resolution. including 170 democrats. only 77 voted against. and the democrats, we're clearly sending a message. there we are not going to tolerate ethical shortcuts among our, own even in this painful, even if the person who did, this was a legend, so that is what the last century looked like. congress setting aside, congressman, going to call out bad behavior, in its ranks. that is not the process anymore. fast forward 11 years. you got a guy like arizona republican, congressman paul gosar. now, gosar even before the thing that he was centered, for this is someone who he tweeted essentially, a thin threat supporting the violent january six mob, on the day of january six. he spoke at a conference sponsored, put on, by and white
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nationalists. who at the, conference said something about how if america you loses their white identity, it's over. and then lastly, gosar posted an enemy video that depicts him, killing his colleague congresswoman aoc. an attacking president joe biden. for that, he was censured, yesterday. the vote was much narrower then with congressman wrangle in 2020. it was to 20 2:23, to 2:07. only to republicans, voted to rebuke his conduct, and in fact, the top house republican, -- mccarthy defended. him congressman mccarthy, he is not the most impressive legislator i've ever seen, he is not the most, razor sharp intellect but he doesn't know what he is doing. he knows he has a very good chance to become speaker in the house, over the midterms, and he looks around this conference, those are the people he's gonna need the votes from. he understands for republicans
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like kevin mccarthy, you are not the future of the party. paul go start, gaetz, boebert, the troll caucus. the most exuberant lee anti social member, they are with the republican parties. and quite frankly, mccarthy's, properly, correctly scared of their influence. after, all congressman, greene told us, that she doesn't think mccarthy is a shoe in for the speakers gavel. instead saying that donald trump's endorsement for the position will make the final difference. meanwhile, trump's former chief of staff, who used to be a member of congress, is currently debating a duly ordered subpoena, he is out there plugging trump for the position of speaker himself. >> i would love to see the gavel go from nancy pelosi to donald trump -- you are talking about melting down, people will go crazy as you know you don't have to be an elected member of congress to be the speaker. wouldn't you see, she would go
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from tearing up the speech, to having to give the gavel to donald trump? she would go crazy. >> at least that's honest about your vision of government for the country. now the out of donald trump, a man who was zero interest in national government, becoming speaker of the house, are quite. low although, you will watch a crescendo will build forward, 100%. the sentiment is not. there kevin mccarthy understands. it which is why, he is rewarding the worst behavior of his own congress. he is putting paul co-starred in the back. and, now, today, pledging not only to restore marjorie taylor greene, that she was stripped. from but to give them promotions. >> do you plan to give marjorie taylor greene and paul gosar, their committee assignments back? >> they all have committees. the committee assignment they have, now they may have other committee assignments, they may have better committee assignments. >> that is an added point for gosar. from leadership, after he posted a video of murdering his colleague. and, keep in, mind there are dozens of people, auditioning
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right now to be the next most extreme house republican. things don't stop, right? for america, we have found nearly 50 2022 king grass candidates, who -- if you think this freshman classes, bad just weeks. u.s., not all of these candidates are gonna. win but at one point they will. or some other person with these fringe extremes beliefs will, they're this animus to wards this legitimacy of democratic governance. next, year it's likely, we don't know the future, as we learned from the pandemic. but it is likely to be quite fair for republicans, and on the one hand that's the sort of the result for political gravity. congress often swings, during the midterm elections. but, also republicans are actively trying to gain the system and take back power and hold it permanently. because of their tight grip over state legislatures. they are able to control the redistricting process in the number of key states, which means, they can essentially gerrymander their way into a congressional majority, before voters even have to win.
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look at a state like north carolina, leads to republican sherbet registered democrats and republicans run about equal. for, reference donald trump won it with 49.9% of the vote, last year. that is a pretty coats state. that is 1.3%. if republicans get their, where the new congressional map will likely give them ten of its 14 seats, to republicans. there are process of approving similar maps in ohio, and texas, and in georgia. which they famously lost badly in the last election. we worked added surprising that. least they are rejoin a new congressional majority, again, before voters get to, say and they redrawing that majority with their state reps who, themselves, are a result of gerrymandering. and then when they come about, they will be the troll caucus on steroids. it is not going to be a handful of fringe figures seeing outlandish things, they will be the center of gravity for a real legitimate governing force for american politics with an actual say over how government functions.
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those are the stakes are. for our democracy. a year out from these elections. kevin mccarthy is letting us know which side he is on. i'm joined now by olivia beavers, who congress covers for politico, her latest piece, is covered as gop can ticks gape self inflicted injuries. and also the professor at yale university, who yesterday mentioned on the program, she wrote the book "the field of blood: violence in congress & the road to civil war.. olivia let me start with you, it was so striking to go back to that wrinkle, because when this happened yesterday. i thought oh this doesn't happen often, was the last time that happened. and then you got this beloved elder statesman, who really did engage in ethical ethics transgression's and this painful vote of this big bipartisan showing, you know, to say that was about what you did charlie wrangle. and then you got paul gosar doing this thing that you think would imagine that most people find indefensible. but mccarthy rallying the caucus to deliver basically a
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party line endorsement. >> -- >> olivia? >> i'm sorry, i thought we were playing a quid, it's definitely very interesting watching this. with wrangle we saw that on the house floor, he offered contortion, but paul, gosar after he was so stripped of his committees, he went back and he posted a video and then he removed it again. and he's been posting similar media against that is around what got him censored, and we've got him stripped of his committees. the irony is he was apologizing only to his own colleagues, he is not apologizing to the aoc. he is not apologizing to president joe biden, and the one thing i will say, that i would watch is that he saw it happening with marjorie taylor greene. after she got stripped of her committees, she made a ton of money in fund raising. they get this name in the news and then it's a self perpetuating cycle.
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they often get bigger platforms. >> professor freeman, your book is an incredible, both i've had you heard my pie -- on my podcast to talk about. it's about, congress and about threats of violence that sort of hung over the entire body particularly in the run up to the civil war. and given that as this academic work that you have done, what do you see, what do you think, when you see this gosar video? while it's just a, joke it was just a video, does that stand to you? >> no. essentially, it's easy to dismiss that and say that it's not a real active violence. that it is not -- that is only a video but looking back to the 1850s, what you see is that threats like that don't have to be violent to have an impact. so, at the same time that the time of an animated video appeals to the base, appeals to the folks who are plugging it
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on, it is also meant to be intimidating to the people on the other side. it makes a statement. in the same way that the kind of behavior we see in school board meetings. it makes a statement, and the goal is to be threatening, to encourage people to not step up, to encourage people to maybe resign from school boards. so no, it isn't a joke. it's a threat. and it's meant to be a threat. i saw on twitter yesterday, if you are at a job and someone didn't like you sent out and tweeted out a video of the person killing you, and then said it was a joke, it's not a joke. >> right. and of course we now have the entire inside of structure rallying around co-starred, and trump. i mean paul gosar does on the competitive, race he doesn't have a primary challenger, of course, because who would possibly primary him. he is the full manifestation of what i think primary voters want. trump, nonetheless, coming in
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to say that he is, you know, being loyal a loyal supporter of the first, agenda and completing the first endorsement. after the, center it's like a good job, out a boy, we love you paul, keep it up. and that is the message here today. on this day of the story. >> yes, and it's sort of ironic, right? because while you have paul gosar and his colleagues and donald trump rallying around behind him, not all of them, by the way, i would say some of them come up and they say that videos horrific they just wouldn't agree with the vote to strip him of his committees. but the irony is that you have congressman john katko on the other side being completely berated by this members in those to impeach, and to switch infrastructure. so while they are rallying basically and deciding not to punish gosar they are punishing this particular member over these votes who he is working with during the biden
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administration. and he has decided to police isn't. and that sort of irony that you're seeing right now is the katko versus the gosar at the very same moment. >> and when you talk about violence here, i can't help but mentioned, when i saw trump's endorsement, i remember him joking about former congressman, jen forte, who is not the governor of that state. who several years ago just straight-up assaulted and body tackled a reporter for asking the question up at a school. and that guy is now the governor, and maybe no one ever faced any consequences for, that he played out to something, and one about his business. and trump joked about. it because trump likes to joke about violence. professor friedman, that is a consistent theme, and jokes about violence are another way of creating the conditions for people to accept him for a legitimate means of pursuing one seems. >> precisely. it's a matter and a means of normalizing. it's a means of getting people accustomed to it, so that actually you are sort of waiting for things to get more
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extreme, so that it will register on the public consciousness, so yes. there is a lot about that behavior, even in that case it was an actual assault, but a lot of this behavior is setting a tone. it's laying a groundwork that it's blatantly anti democratic, right? if you fear that you are democratic, and you assume that the democratic processes lead to the people giving power to people, choosing the people who lead, them and if you don't like what happened then you could either protest in a civil matter, or you have another election, so what we are seeing, now this kind of behavior is what people do who are in a minority. i know that they are in a minority. i'm afraid of the demographic. and they are using violence to gain realm. olivia beavers and jen friedman, book field of blood. thank you both. for months, congress has been fighting over the cause of biden's build back better bill,
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that's log bees, dude. there's another bill that caused twice as much every year, it passed the house with little fast, it's now making the way through the senate against a strenuous objections of one particular senator, who says this country needs to get its priorities straight. >> people dying because they don't have any health care, kids unable to get the early childhood education they need. not a problem. can't afford to pay for those things. but somehow, when it comes to the defense budget and the needs of the military industrial complex, we just cannot give them enough money. >> when he's right, he is right. senator bernie sanders joins me next. tor bernie sanders joins m next next and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience with calls, texts and data usage of any major carrier, according to customers. there's only one best network. the only one ranked #1 in reliability 16 times in a row.
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build back better plan is the huge climate and social investment. with an estimated price of 1.7 five trillion dollars. crucially, over ten years, so do the math quick in my head. 135 billion dollars a year. the congressional budget office, nonpartisan app office that calculates how much proposed legislation will actually cause, as well as other macroeconomic modeling, just estimated that houses version of the plan will add just under 160 billion dollars to the federal deficit over that ten-year window. again, i know that's a lot of numbers, but that 16 billion a year. speaker nancy pelosi announced the house will vote on the bill tonight. -- we could have a vote on that within the hour. it doesn't really matter when they vote, doesn't really matter how they score the house
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version, all the matters in the end is wet senate democrats can agree to, or more specifically, what's senators joe manchin and kyrsten sinema will agree to. but it is worth noting that lace last night, the senate, also, advanced its annual defense policy bill, costing more than 700 billion dollars per year. twice the cost of the proposed, 350 billion dollar annual cost of the original very big and ambitious proposal for build back better. more than four times the cost of the current pared down version. and, who are threatening to hold out the bill for causing too much, who is refusing to go along with it, at least one senator is. independent senator bernie sanders of vermont, the chair of the senate budget committee and he joins me now. senator, you know, look i've been covering politics for 15 years, thereabouts. and it is always been the case, there is money for domestic programs which is real money
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that has to be accounted for, where you've got to get cbo tours, it's got to be paid for, and then there's money for defense, particularly for war funding, it just doesn't count. it's just a different category,, trillions here, trillions there. and it must be maddening, at this point, to watch everyone pouring through the cbo score well the the fenced about build just sales through. >> i'm gonna be on the floor of the senate in a bit, and chris, you stole my speech. that's exactly the point i'm going to be making. the hypocrisy is extraordinary, what we want to improve on is to provide for our children, for the elderly, but we want to make health care universal, when we want to deal with climate. oh my god, bernie, don't you understand we have a terrible national debt and deficit. but when it comes to military spending, really, the military industrial complex in a bipartisan way, always gets what they want.
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and what we're talking about now is a budget that is 35 billion dollars more then president trump's budget. 25 billion dollars more than what president biden requested. and your giving it, chris, to an agency, the department of defense, which is the only major federal agency that has never been successfully audited, to account for what it does with its money. and everybody knows. there are massive cost overruns, over an ounce of fraud from defense contractors. but that's okay, not a problem. >> you know, you just said, if 25 billion dollar more than the budgetary requests of the white house. and that's one year. i know i'm throwing a lot of numbers of people. this is what's so maddening about the situation, the one year versus the ten-year scoring. in a tenure scoring, that's 250 billion dollars. i've been tracking all of these
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negotiations, about build back better. that would be a huge chunk, just a little bit, over above what the white house asked for times ten, would buy you clearance room for a whole new program in build back better. >> what you're talking about, and i hope people understand, when we talk about 1.75 trillion for build back better. that's over a ten-year period. when you talk about 778 billion for the military, it is one year. multiply that by ten, and you probably end with ten trillion dollar over ten-year period. >> i was laughing the other day because the new york times had a piece, and it was a perfectly good piece about all the different things that are build back better. the framing was a little weird, to my mind, but one of the things i mentioned, i think it build back better there is about 25 million with an m dollars for doulas, who are practitioners that help women give birth. and there's a lot of empirical
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evidence to suggest that it really helps with childbirth, and postpartum recovery. >> it saves money, by the way. >> $25 million, which is written up as he was the hidden spending in this bill. 2.5% of a single stealth bomber. a single one. >> this is what the debate is about. what we are trying to do in this legislation is break through this myth of a need for austerity, and to make it clear that our working families, our children, our senior citizens, are entitled to certain rights. which, by the way, existing countries all over the world. there's this great controversy, you know, about paid family medical leave, can we afford? it you know, chris, we are the only major country on earth that doesn't have it. there are women who give birth today, who have to go back to work a week from now. our childcare system is dysfunctional. elderly people walking the street with no teeth in their mouths, not to mention the
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needs of climate. but when it comes to working families, oh my god, we can't afford it. when it comes to tax breaks for the higher up, or military spending, no problem. >> and just on that note, i just want to remind people, back in 2017, around this time when the big corporate tax cut was being pushed through, the cbo estimating 1.7 trillion to the deficit. an enormous amount to the deficit. and it turned out, that was actually an underestimate, it looks like it's going to be closer to 2.5. so the cbo didn't even get it right there, and it actually turned out to be more expensive than initial predictions. >> and that's what it is, what we are fighting for now is not only the programs, whether it's childcare, or pre-k, or climate change. what we are fighting for is to a consciousness, which says, you know what, in america we could do with the other major
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countries do. when people get sick, they can have affordable prescription drugs. if you're older disabled you can have somebody come to your home and help you, rather than be forced to go into a nursing home. that you can get hearing aids, or eyeglasses, or dental care. when you are a senior citizen. so it is a change of consciousness to say, you know what, we can spend money, not just on the military and tax breaks for the rich, but on the needs of working families. >> we are going to see what's in the final package, of course, the house might be voting tonight, the hearing aid stuff is in the house package. a limit on insulin is in the house package, which is actually some people have been trying to do for a long times, will get a look at that, i think that's life footage right now, on the house floor. senator bernie sanders, thanks very much for coming by. >> thank you, take care. >> big news from the fda that can go a long way before any conclusions about booster shots, anthony fauci is here to talk about, that and more, next. y fauci is here to tal about, that and more, next about, that and more, next op skincare ingredients?
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to authorize pfizer and moderna boosters for all adults. we just got that brand-new reporting of the past hour from political, if it is true. that is news that we have eagerly awaiting because the science is conclusive at this point. at least it's conclusive as things get in the circumstances. boosters work. the large study released by pfizer, show that a booster dose of vaccine was over 95% effective against coronavirus, including the infected disease delta variant. and this big news comes as 13 states, and several localities, like in, france have bypassed federal regulations, and expanded eligibility to all adults. that is in response to an increase in coronavirus, and rising hospitalizations among fully vaccinated people. i am joined now by one of the top health officials, who has been advocating for booster shot. doctor anthony fauci, director of allergies and infectious diseases, at the national
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institute of health, also chief advisor to joe biden. good evening, and we had you before on this issue, and i have to say i feel like the messaging here has gotten pretty muddle. and needlessly complex, and it's because it was a bureaucratic fight about boosters. and ultimately, the pro booster side represented by yourself, one, but with a lot of caveat when the actual thing should just be, if you got in more than six months ago, go get a booster. am i right? >> you are correct. and that is what i've told you in previous interviews. and that i've been very vocal about. i have been convinced about that data for sometime, right now. and as you said very correctly chris, there is vaccine efficacy rains over several months. it is still a very effective vaccine. but as we've, seen from studies in israel, most recently from the uk, when you boost an individual, with a third shot who has had an mrna, boost that you dramatically increase the
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protection against infection against hospitalization, and in the israeli study against. it so there is no doubt about, if the data is very clear, what i like the, ball what would likely happen tomorrow, is that there is no more and dignity. no more people are going to try and figure, out what category, do i fit in or not. if you're 18 or older, and you've been primarily vaccinated, go get boosted. particularly now as we are entering into the winter season, the weather will be colder, people will be indoors, the circulating virus, around we are seeing uptake in some of the cases right. now we have about an 18% increase in cases over the last week or so, we've got a blunt that in the best way to blunt, it is to get unvaccinated people vaccinated in the first place and get vaccinated people boosted as soon as you can. >> you just mentioned your expectations for tomorrow. do you personally, in your, opinion is that news correct? is that what you are expecting
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tomorrow? >> i never get ahead of the fda. i make that make the decisions, but you know exactly how i feel, chris. i've been saying this for sometime. i think that we should do. it i hope they do. if they don't, i will be terribly disappointed. >> in terms of people gathering, and the sort of colder weather, which is coming, and we're seeing cases, go up and i keep telling everyone i know this, prepare yourself, there will be a lot of cases going up this winter. if people are going to get together for gatherings, like thanksgiving, how should they be thinking about? it my instinct is that everyone should be vaccinated, and you should get boosted if he can, and maybe test the deal? how do you think about it? >> the situation is, and let's just take a scenario. you have a scenario with a family sitting, you are vaccinated, your family members are vaccinated, and even if the children who are yet too young to get vaccinated go have an
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enjoyable thanksgiving in your home, you don't need to wear masks. the situation is, that when you are outside an indoor congregate, sending where you do not know the vaccine status of people, then you should be wearing a mask. if you are in a situation, where everybody is vaccinated, then you really don't need to wear a mask. if you are at home, that is the situation. and that is the reason why the cdc says when you are in congregate settings and you have no idea who is around, do there is no requirement for vaccination, that is when you need to wear masks. but if you know people are vaccinated, you don't need to wear masks. >> that has been basically my mo. in the subway, hour but not in social gatherings. not in places where no their vaccine. checks this, is a big new mask wearing. there's been a lot of back and forth on mask. a big new mask-wearing study in the british medical journal, saying it's the single most effective public health measure against the coronavirus, cutting incidents by 53%.
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according to a new british medical journal. it does seem like in indoor settings, booster shots are two things where the picture has gotten clear and clear. and it is pretty crystal clear now. >> exactly, chris and i'm so glad that you have put it that. way and anybody who start saying, you shouldn't be wearing a mask because we don't know if mask work, that has been put to bed. mask work. period. and there are many studies that now show that, just like the recent study, that has come out from the british study, just literally today. >> final question, for you is on this health attribute question, my understanding is that a lot of the dissent about boosters, was sort of this equity, this global equity, americans are going to be getting three, shots while three or four billion people in the global south ever have. one i have to, say i sort of thought about it myself, i didn't have boosted, i'm going to get booster tomorrow. and part of the reason i was, thinking is this wrong?
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am i doing something wrong by getting a booster? am i taking a shot away from a person who has a massive shot yet? and i have come to, think like, that shot is not going to someone with -- if i don't get busted. but there is an equity costing the hands over all of this, isn't there? >> there is an equity as a profoundly important subject. but let me tell you what we are doing. you can double. you can optimally protect people with a booster shot, at the same time as you provide equity to the extent that you possibly can for the developing world. i don't think that there is anybody who has been more vocal about this from the days of that far, and antivirals in africa. i believe that we have a moral responsibility, to make doses available, to lower middle income families. so what is the united states doing? we have already given 300 million doses to 100 countries. we have either given, or pledged 1.1 billion doses to
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lower middle income families. we have given four billion dollars to covax, and to every dose, we have given to somebody in the united states, we have been given three doses to people national world wide. and that's it. >> that is useful to. no doctor anthony fauci, always good to have you, thank you sir. >> good to be with you chris, thank you. >> up next, some appalling behavior towards one of joe biden's nominees. >> i don't mean any disrespect, i don't know whether to call you, professor or comrade. >> senator, i am not a communist. >> senator elizabeth warren, and just destroyed that line of, attack she joins me live ahead. e live ahead zero heartburn. because life starts when heartburn stops. take the challenge at prilosecotc dot com.
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[♪♪] did you know, you no longer need to visit a dermatologist to get access to top skincare ingredients? introducing dermageek featuring top dermatologist recommended ingredients and 0% fillers. dermageek's new detoxifying facial serum contains twice the amount of beta hydroxy acid. it delivers two times more exfoliation for brighter skin, with dermatologist tested levels of hydration. get top derm-ingredients at a fraction of the price. try the new dermageek skincare lineup, with a money-back guarantee. today on capitol hill the senate banking hearing held a confirmation hearing for a very obscure regulatory commission. it's the office of the controller of the currency,
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regulates assets held by 1000 banks worth almost 15 trillion dollars. joe biden's nominee for this role, cornell professor sunny alma rove, who served in george w. bush's treasury department, has been the subject of -- she's also been subject of one of the all-time dumbest, most craven fox news propaganda wars i've seen in a while. which is really saying something. let me give you a taste of what that sounded like on the hill, today. >> you used to be a member of a group called the young communists. didn't you? >> senator, are you referring to my membership in the youth communist organization while i was growing up in the soviet union? >> i just want to ask you that question. >> well senator -- >> there was a group called the young communists, and you are a
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member, is that right? >> i'm not exactly sure your group referring to. >> what's going on there, well, republican senator jon kennedy of louisiana has clearly been watching it's fox news. again, this is all covers for financial chest, this isn't a grassroots moments, no one in the grassroots noses professor cares about our work or cares about this regulatory position. this is what the republicans do, this is modern conservatism operating at its highest levels of sentences that cooperation, where the finance interest whip up the mob via fox news propaganda like that. and the way they decided to do that is to attack professor a mirage for being a communist. and the origin of that attack is that she was born and raised in the communist soviet union, as you just heard her say. see, oh moreover came to the united states as a university student and has become a u.s. citizen, growing up she attended communist schools, in that communist country, and wrote papers in a tradition.
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she was in fact the member of the young communists as she was mandated to be, which was, as she told senator kennedy, a required part of her education. >> have you resigned? >> from the young communists? >> you grow out of it with age. automatically. >> did you send him a letter though, resigning? >> senator. this was many, many years ago, as far as i can remember how they soviet union worked, which is that at a certain age use automatically stop being a member. >> can you look at your records and see if you can find a copy? >> oh, maybe she should read it number now to a country that no longer exists. the real subtext here is that this is a formidable intellectual with a vision of financial regulation, she's had very little chance to speak for herself and tell her story, until today when she defended her something senator kennedy's attack. >> i don't mean any disrespect,
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i don't know whether to call you professor or comrade. >> oh my goodness. >> senator, i'm not a communist. i do not subscribe to that ideology. i did not choose where i was born. i did not -- i do not remember joining any facebook group that subscribes to that ideology. i would never knowingly join such a group. there is no record of me ever actually participating in any marxist or communist discussions of any kind. my family suffered under the communist regime. i grew up without knowing half of my family. my grandmother, herself, escape death, twice, under this stolen regime. this is what is seared in my mind. that's who i am. i remember that history, i came to this country, i'm proud to be an american. and this is why i'm here today,
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senator. i'm here today, because i'm ready for public service. , because i' and first senator kennedy was done with it absolutely embarrassing and clownish display, senator elizabeth warren came in to set kennedy straight. i'm gonna play that for you, and then talk, elizabeth warren, right after this. don't go away. arren, right after this don't go away. don't go away. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. it's the ultimate sleep number event on the sleep number 360 smart bed. it senses your movements and automatically don't thank them too soon. adjusts to relieve pressure points. and its temperature balancing so you both sleep just right. save 50% on the new sleep number 360® limited edition smart bed. plus, 0% are you now, or have you ever interest for 24 months. only for a limited time.
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been a member of the communist party. it's a line most will no from senator joseph mccarthy's communist witchcraft. today in 2021 in the u.s. senate, president biden's name needs to regulate banks saule omarova, had to sit and feel the same kind of questions. for more than six minutes of that ridiculousness, senator elizabeth warren stepped in and decided to put an end to it. >> professor saule omarova, i know that the giant banks object to your willingness to enforce the law to keep our system safe, and that you may cut into big bank profits. so they, and the republican
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buddies, have declared war on you. the attacks on your nomination have been vicious and personal. we've just seen them. sexism, racism, pages straight out of joe mccarthy's red scare tactic, it is all they are on full display. welcome to washington in 2021. now one claim is that you intend to nationalize the banking system. so let's just get this nonsense out of the way. does the sec have the power to and private banking, and move all consumer deposits to a public ledger. >> absolutely not. >> if the fcc did have that putt were, is that something that you support. >> absolutely not. >> and are you a capitalist who believes in free markets. >> yes i am. >> and senator elizabeth warren democrat of massachusetts, member of the banking housing -- >> i've got to say, i've watched a lot of absurd stuff. on the capitol hill. that was one of the most cringe inducing, embarrassing performances i've seen in a
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long time. am i wrong? did you feel that way. >> to be in the room with it was just unbelievable. but here's the thing, it is so cynical. if professor saule omarova had actually been somebody who had been out there saying and writing, man, we need to help the big financial institutions. whatever jpmorgan chase wants is when i'm for, and we should deregulate, we should just let them run the entire country, you realize that the same republicans would be hailing her as someone who grew up under this oppressive regime, and then overcame it. and came to america and fulfilled her dream. her dream to help giant financial institutions. but since that's not what she wants to do, since she has actually got a pretty good record of having written about the abuses in the financial system. talking about the crash in 2008, and how it was brought in on
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loading up on risks, and regulators who were feckless. as a result, these giant banks, we don't want that woman, we have no, no, no. so they look for a way to push back against her. can't do it on merits. so they go after her for having been born under the soviet union's regime. she was born in kazakhstan. she loses half her family to the stalinist's. they literally, her family, much of her family was murdered by them. she wants to come to the united states, she comes to the united states, she studies at an american college while she is here, the seventh union collapses. and she gets to stay and build a life here. she is a well respected academic, not someone who sought the limelight, she has just worked through how she believes banking regulation should be run for the american
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people, not for the big banks, and that's how she ends up in this crazy joe mccarthy meets trumpism in the senate banking hearing. >> and as you know, to your point here, this is cover, essential, for interest don't want to be regulated. rebecca chaser wrote a great profile of professor saule omarova, i was in new york magazine, it made this point. these are obscure positions, most people don't the wheel with this, the icc, in the early audits, they became notorious to making a also tried to big banks, as regulator whose looser rules would supersede stricter state regulations. the bank jpmorgan which would use to charter -- took federal charters over state once. so, because there are all these different entities that regulate banks, there can be a kind of race to the bottom effect that this happens. and this is a really important,
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the oh cc regulates banks, and she would be the head of that regulation, is that how this would work? >> that's the basic deal, here. and understand, we have had recent oh cc. it's called the controller of the currency. we've had recent people in this position who referred to the banks, these giant banks, as the customers of the icc. and how urging the staff to be better on customer service. excuse me? they are supposed to be the government that is supposed to regulate these big financial institutions, to make sure that they follow the law and don't cheat their customers, wells fargo for example? and also to make sure that they don't load up on risk and crash our whole economy again. that's the function of the oh cc. and that's the role that she will take, watching out for american consumers making sure
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that we may get some real competition in the banking industry, and making sure that these guys follow the law and for that, they have attacked her viciously, mercilessly, and personally and stupidly. >> she is a really impressive person, as you note on my podcast why is this happening i actually interviewed her for an hour, about some of her ideas which have to do with how to think about the federal reserve, and its role in investment, in a political economy. she's a really interesting thinker. she's not like at all a polemicists. she's not out there, she worked in george w. bush's treasury department. so people should check that out, if they want to. so final question, the house is debating that build back better bill. the last time i had you on it was sort of in this framework was developed, he seemed very optimistic, it looks like this is going to pass the house tonight. how are you feeling about it
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now? >> i'm feeling good. i think it's going to pass the house tonight, it's going to go through what we call a scrub, after that, the parliamentarian and the senate has to run through all the details to make sure it's right. but, i would say right after thanksgiving, we are going to have this in the senate, oh i'm hopeful that we're gonna get this done. universal child care, universal pre-k, we are going to be able to lower the cost of insulin for everybody in the country who takes insulin, instead of hundreds of dollars a month, we are going to bring it down to measured in the 20s or 30s. dollars, that people pay. this is going to make a real difference. and, we are going to get my minimum tax through, the one that i have with senator king, and we are going to get it through the one that says that giant corporations, like amazon pay nothing taxes, even when the reporting billions in profits. 15% minimum tax, it's going to
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raise 300 billion dollars. >> that is in the bbb been vote on tonight, senator elizabeth warren, thank you very much. that is all in on this thursday night, rachel maddow starts right now good evening rachel. now good evening rachel. much appreciated. thanks to you at home for joining us this hour. it is called the port of new o castle. it's the largest coal port in the whole world. it's in australia. about $20 billion worth of coal2 gets shipped through that one port every year. that's more than any other place on earth.ed and yesterday all operations at the port of newcastle in australia were brought to a complete halt because of something that port had never a before had to contend with. it was a young woman named hannah and her friend. >> my name's hannah, and i'm here. i've sailed'm off the largest cl part. i'm here with my friend deana,