WEBVTT

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<v Speaker 1>Treasury Secretary Scott Descent today announcing a quote economic d

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<v Speaker 1>Day against Iran and any of the countries that provide

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<v Speaker 1>financial support to that country. Lest you weren't paying attention,

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<v Speaker 1>we've been in the midst of a many months long

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<v Speaker 1>illegal and unconstitutional war with Iran, So check this out.

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<v Speaker 2>The US will.

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<v Speaker 1>Impose punishing sanctions on countries and entities that do business

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<v Speaker 1>with Iran, and it's aimed to ratchet up pressure on

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<v Speaker 1>the Iranium regime amid the current no war, no deal limbo.

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<v Speaker 1>This is what stuck with me when I saw this

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<v Speaker 1>reporting from Axios. The Trump administration will also have to

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<v Speaker 1>aggressively confront countries like China, Russia, India, Pakistan, Cutter, Turkey

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<v Speaker 1>and others that still trade with Iran, something it hasn't

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<v Speaker 1>done so far. You really think convicted fellon Donald Trump

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<v Speaker 1>is going to start lowering the boom on China?

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<v Speaker 2>You think he's going to do it with Russia?

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<v Speaker 1>I mean, Cutter, the people that gave him his four

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<v Speaker 1>hundred million dollar bribe of a luxury jet. Do you

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<v Speaker 1>think he's going to lower the boom on those countries?

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<v Speaker 2>What acroc of shits.

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<v Speaker 1>But what I do know is We have eighteen active

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<v Speaker 1>service members who have died died while doing their duty

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<v Speaker 1>in this illegal war. We also have more than one

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<v Speaker 1>hundred billion dollars in counting that's been wasted in this

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<v Speaker 1>illegal war. And we have a whole slew offfeckless, ballless

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<v Speaker 1>Republicans that have done nothing about this illegal war.

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<v Speaker 2>So, in light of everything that has.

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<v Speaker 1>Been going on, including this recent spate of threats to

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<v Speaker 1>have economic sanctions, which by the way, have already existed

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<v Speaker 1>against Iran, I thought it was important for us to

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<v Speaker 1>get caught up with Congressman Jason Crowe from Colorado.

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<v Speaker 2>Listen.

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<v Speaker 1>He's on Armed Services, he's on Intel, he's a Bronze

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<v Speaker 1>Star recipient, he did three tours in Iraq and Afghanistan.

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<v Speaker 1>I mean, somebody who would know the region and would

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<v Speaker 1>understand the issues that are at play here. We have

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<v Speaker 1>a very detailed conversation about what's going on, but then

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<v Speaker 1>we also talk about why it's so critically important to

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<v Speaker 1>get rid of the Republicans. Get rid of the Republicans

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<v Speaker 1>because they're not doing anything, they're a waste of space,

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<v Speaker 1>and to get Democrats elected this coming November.

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<v Speaker 2>Take a listen.

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<v Speaker 1>Joining me now is Congressman Jason Crowe, representing Colorado's six Congressman,

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<v Speaker 1>thank you so.

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<v Speaker 2>Much for joining me.

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<v Speaker 1>Especially first of all, one, thank you for your service.

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<v Speaker 1>It goes without saying that you truly understand what it

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<v Speaker 1>takes to be able to serve as a patriot for

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<v Speaker 1>this country. Your role on armed services and intel is

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<v Speaker 1>incredibly important for this next question I have for you,

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<v Speaker 1>which is thank you. Always listen. You're always welcome to

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<v Speaker 1>come here. There's always a lot going on. I just

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<v Speaker 1>kind of wanted to start with the top line, which is, look,

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<v Speaker 1>the USS Lincoln finally able to come home back to

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<v Speaker 1>San Diego after one of the most outrageous deployments that

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<v Speaker 1>we've seen. We've covered it extensively here at Katie Fang News,

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<v Speaker 1>but listen, as somebody who understands this sacrifice, just wanted

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<v Speaker 1>to just get your top line thoughts about what it

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<v Speaker 1>took to be able to get these people home.

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<v Speaker 3>Yeah. Well, you know, we're still trying to get information,

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<v Speaker 3>Katie from the administration. It's been a huge stone walling

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<v Speaker 3>the last year and a half from this administration. No information,

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<v Speaker 3>no briefings. There very few briefings, I should say very

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<v Speaker 3>few hearings in the amount of information and briefings and

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<v Speaker 3>hearings and information responses that we normally get from an

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<v Speaker 3>administration has fallen off a cliff. Right. This comes in

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<v Speaker 3>tandem with them kicking out journalists from the Pentagon, like

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<v Speaker 3>they clearly don't want people to know what they're doing,

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<v Speaker 3>what they're not doing, and they have cut off information flow,

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<v Speaker 3>which you know, as a policymaker, makes it very hard

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<v Speaker 3>to understand what is happening and what is not. So

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<v Speaker 3>that's the first piece. The second is, you know, the

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<v Speaker 3>larger Iran conflict, which is something that Americans just don't want,

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<v Speaker 3>right eighty plus percent of Americans think it's a bad idea,

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<v Speaker 3>and that's actually a bipartisan thing. It's one of the

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<v Speaker 3>most bipartisan things in America right now. That people want

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<v Speaker 3>us to be out of conflict in the Middle.

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<v Speaker 2>East or done with it.

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<v Speaker 3>They're done spending trillions, literally trillions of dollars in thousands

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<v Speaker 3>of American lives and endless conflict in the Middle East.

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<v Speaker 3>And then with regard to Lincoln, two things going on here.

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<v Speaker 3>One is the expenditure of money, the vast amounts of

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<v Speaker 3>money it takes to have things like aircraft carrier battle groups,

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<v Speaker 3>because it's not just the carrier. By the way, when

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<v Speaker 3>you send an aircraft carrier, there are actually dozens of

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<v Speaker 3>ships in support network resources that go into that. We're

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<v Speaker 3>talking billions of dollars here, So there's the expense of

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<v Speaker 3>resources in money and taking things out of the Indo Pacific,

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<v Speaker 3>Like there is zero aircraft carriers right now in the

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<v Speaker 3>Pacific to counteract China because they've shifted them all to

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<v Speaker 3>this conflict. And then the strain on our soldiers. And

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<v Speaker 3>the last thing I'll say here is there's a difference

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<v Speaker 3>between what our military is asked to do and making

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<v Speaker 3>sacrifices and doing tough things. You know, I was a ranger,

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<v Speaker 3>I was a paratrooper. I went to Rackt in Afghanistan.

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<v Speaker 3>We are trained to do tough things, and our service

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<v Speaker 3>members will welcome the opportunity to do tough things because

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<v Speaker 3>that's why we got into service to begin with.

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<v Speaker 1>YEP.

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<v Speaker 3>That's different from incompetence and corruption and lack of preparedness

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<v Speaker 3>and a lack of a mission that leads to unnecessary suffering,

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<v Speaker 3>which is what we're dealing with here right now. That's

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<v Speaker 3>a huge difference because this administration is said, Oh, they

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<v Speaker 3>need to stop complaining. This is what the military does. No,

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<v Speaker 3>this is not what the military does unnecessarily suffer. We

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<v Speaker 3>do tough things if we need to.

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<v Speaker 1>Well, and let me be Claire, I don't need pete

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<v Speaker 1>Hegseth offering his criticis and let alone bone spurs Trump

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<v Speaker 1>sending there trying to criticize what our men and women

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<v Speaker 1>and sons and daughters are doing.

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<v Speaker 2>Look, fundamentally, we have at least eighteen.

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<v Speaker 1>Act As service members' lives that have been lost as

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<v Speaker 1>a result of this illegal war. You know, I have

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<v Speaker 1>to ask you, Congressman, because oversights really important. Armed services

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<v Speaker 1>Intel both have incredibly important roles and getting to the

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<v Speaker 1>bottom of what the hell is going on here? I mean,

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<v Speaker 1>you talk about us having exposed flanks, right, because now

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<v Speaker 1>we have other conflicts or other potential issues that could arise,

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<v Speaker 1>and we're rediverting all these resources and attention to be

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<v Speaker 1>able to deal with this illegal war. What are your

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<v Speaker 1>Republican counterparts telling you though about this? Because we're clocking

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<v Speaker 1>more than what seven months now on this six months

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<v Speaker 1>of this war, and I just feel like we now

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<v Speaker 1>hear there's an economic d Day coming against Iran. But

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<v Speaker 1>does that mean that we are Our might didn't work,

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<v Speaker 1>so now we're trying to go to the dollar pain.

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<v Speaker 1>I mean we're already feeling the pain already as Americans financially.

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<v Speaker 3>Yeah. Yeah, this economic D Day. Let me started with

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<v Speaker 3>the last thing and then we're bad. It is economic day.

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<v Speaker 3>It's just insane, like we according to Donald Trump, we've

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<v Speaker 3>won this war over eleven times. We've crushed her around

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<v Speaker 3>six or seven times already. H you know the next

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<v Speaker 3>thing is going to be the thing, right, We're going

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<v Speaker 3>to crush them now this new strategy, we've taken over

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<v Speaker 3>the straits of horror moves. We now own it. It's

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<v Speaker 3>now US territory. It's an economic D Day. I mean,

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<v Speaker 3>all of this is bs right. The administration has lost

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<v Speaker 3>all credibility because they keep on talking about things being

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<v Speaker 3>the biggest, the boldest, the most beautiful, the greatest ever seen.

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<v Speaker 3>And we know better. America knows better. But we know

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<v Speaker 3>that this is not a winning war. We see it,

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<v Speaker 3>the world sees it. And what is stunning. I mean

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<v Speaker 3>there's a lot of stunning things it's happening here, but

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<v Speaker 3>one of them is I talk a lot with our

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<v Speaker 3>allies with foreign leaders, with Warren military, they've actually stopped

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<v Speaker 3>paying attention like they they've stopped caring, like they're just like, Okay, well,

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<v Speaker 3>we're just going to go do our own thing, and

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<v Speaker 3>we're going to move forward without America. And because nothing

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<v Speaker 3>they say, they say or do holds any credibility, and

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<v Speaker 3>if they say they're going to do something, they're going

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<v Speaker 3>to change our mind in twenty four or forty eight

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<v Speaker 3>hours later. So we're just going to go into a

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<v Speaker 3>post American world. And that is not good for us.

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<v Speaker 3>It doesn't serve our interests. They won't serve the American people.

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<v Speaker 3>For the world to move on without us, it won't

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<v Speaker 3>make us safer. It's actually make us a lot less safe.

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<v Speaker 3>It's going to lead to less economic prosperity, and we're

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<v Speaker 3>going to be marginalized in the eyes of the world.

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<v Speaker 3>And that is the legacy that Donald Trump is building

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<v Speaker 3>right now, and that is our work to try to

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<v Speaker 3>stop that and to turn that around and to build

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<v Speaker 3>something new. Look.

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<v Speaker 1>France and Saudi Arabia needing today to be able to

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<v Speaker 1>try to figure out their own way of trying to

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<v Speaker 1>navigate this straight of her moves issue. Iran and Oman

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<v Speaker 1>trying to deal with the straight of her moves clearly.

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<v Speaker 2>And I'm including the United States and any of this.

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<v Speaker 1>I want to actually say, this is a quote from

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<v Speaker 1>Around's president just within the last few hours. He said

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<v Speaker 1>Trump has thrust the United States into a full scale economic, military,

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<v Speaker 1>and security war.

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<v Speaker 2>I mean, not a fan, but of a rants president.

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<v Speaker 2>But he speaks the truth, does he not.

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<v Speaker 1>I mean, we're at this stage also where we not

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<v Speaker 1>only can't we can't trust our own leadership in DC,

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<v Speaker 1>not only from our Secretary of Defense, but from our

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<v Speaker 1>commander in chief. We also don't have the right treatment

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<v Speaker 1>of again the people that are doing one of the

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<v Speaker 1>most incredible sacrifices they can do by serving in our

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<v Speaker 1>armed forces. And then at the same time, you have

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<v Speaker 1>Trump sitting there closing up to Kim Jong un in

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<v Speaker 1>North Korea, who then launches ten ballistic missiles just a

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<v Speaker 1>few days ago, and in curbing or limiting the joint

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<v Speaker 1>military operations or practices and drills that we do with

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<v Speaker 1>our South Korean You know, friends, is this is upside

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<v Speaker 1>down world now?

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<v Speaker 2>I think for the United.

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<v Speaker 3>States, Yeah, absolutely, I mean, let's chalk up the list

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<v Speaker 3>here of the things this administration has done just as

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<v Speaker 3>a initial matter, right that we're not going to go

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<v Speaker 3>into a comprehensive list because that would take us hours.

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<v Speaker 3>But we are engaged now in a conflict in Iran,

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<v Speaker 3>and we don't know how we're going to pull out

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<v Speaker 3>of it. The Iranians now know how to control the

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<v Speaker 3>strait of horror moves and how to use it as

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<v Speaker 3>leverage geopolitically in a way that they didn't before. A

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<v Speaker 3>more hard line leader than before, and more extreme leader

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<v Speaker 3>is now in charge of Iran. Right, I was no

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<v Speaker 3>fan of Iotola Komene, but a son by every measure,

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<v Speaker 3>even by the admission of this administration, is a more

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<v Speaker 3>hard line leader. The resistance, the opposition in Iran, which

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<v Speaker 3>by the way, in January and February, this regime was

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<v Speaker 3>up against the ropes, right, there were protests in the

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<v Speaker 3>streets and they were pushing back on the Iranian regime.

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<v Speaker 3>It was the closest this regime was coming to collapse

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<v Speaker 3>in over fifteen years, and that's now all gone and dissipated.

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<v Speaker 3>We have depleted our own munitions in stockpiles, spent one

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<v Speaker 3>hundred billion dollars, pushed our allies away and that's just Iran, right.

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<v Speaker 3>We've now marginalized ourselves and we're pushing South Korea away

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<v Speaker 3>and emboldening North Korea. Our NATO allies can't trust us

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<v Speaker 3>and are trying to figure out how to move forward

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<v Speaker 3>without us. And Donald Trump is meanwhile sitting here trying

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<v Speaker 3>to figure out how to rename ships after himself, how

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<v Speaker 3>to create a battleship because he thinks they're big and cool,

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<v Speaker 3>not to you know, let's not let's not even talk

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<v Speaker 3>about the fact that nobody wants battleships because they're easy

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<v Speaker 3>to destroy, an extremely expensive. It is. It is again incomprehensible,

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<v Speaker 3>the damage that he is doing the national security and

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<v Speaker 3>the silence, the silence and complicity of so many of

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<v Speaker 3>my Republican colleagues. And I don't say that, I don't

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<v Speaker 3>relish that, actually because I want bipartisanship. We need bipartisanship

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<v Speaker 3>on this issue, not just to say we have it,

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<v Speaker 3>but because it's the only way to build large and

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<v Speaker 3>during policies that will serve the American people. And it

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<v Speaker 3>is it is fading away.

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<v Speaker 1>Okay, bit listen, I agree that my partisanship makes sense

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<v Speaker 1>when you actually have where or not in the upside

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<v Speaker 1>down world as I talked about, right because here, because

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<v Speaker 1>here's the fundamental reality. You launched with some of your colleagues,

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<v Speaker 1>Democratic colleagues, the End Corruption Caucus, because look, all of

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<v Speaker 1>us deals with corruption.

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<v Speaker 2>This is all corruption.

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<v Speaker 1>This is you know, industrial military complex making more money

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<v Speaker 1>off of us. This is Trump doing a stupid car race,

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<v Speaker 1>Indy car race in the middle of DC.

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<v Speaker 2>That's not making stuff cheaper for us.

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<v Speaker 1>This is US spending one hundred billion dollars plus on

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<v Speaker 1>this war, not to mention the fact to your point,

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<v Speaker 1>you know, all of this, and then the beef drama

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<v Speaker 1>that we're having.

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<v Speaker 2>I mean, it just goes on and on.

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<v Speaker 1>And yet what Republicans are trying to work with you

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<v Speaker 1>on the End Corruption Caucus, What Republicans are trying to

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<v Speaker 1>work with you on the end Dark.

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<v Speaker 2>Money Act that you introduce.

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<v Speaker 1>It's like, I don't really see them clamor to come

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<v Speaker 1>work with you to be able to do any of this.

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<v Speaker 3>No, they're not, they're not, you know, And I that's

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<v Speaker 3>why right now, my main priority is just to beat

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<v Speaker 3>them all at the ballot bucks. Yes, they have had

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<v Speaker 3>a chance, they have had so many chances to do

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<v Speaker 3>the right thing. And then there have been so many

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<v Speaker 3>off ramps, you know, January sixth, the pandemic, so many

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<v Speaker 3>off ramps in my time in Congress, and they have

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<v Speaker 3>given up on it. So all right, where are we now?

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<v Speaker 3>We need to beat them, We need to send them home.

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<v Speaker 3>The only way to break the fever that has gripped

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<v Speaker 3>this Republican Party, that has destroyed this Republican park, because

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<v Speaker 3>it doesn't even exist anymore, even a party, right, it's

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<v Speaker 3>just the it's just the mega movement and controlled by

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<v Speaker 3>Donald Trump. It's not an ideological party. Is we have

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<v Speaker 3>to we have to beat as many as possible, break

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<v Speaker 3>the fever that's gripping them, and bring new people in. Right,

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<v Speaker 3>And that's that's what I believe now, and I don't

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<v Speaker 3>again relish saying that. But you know, let's harken back

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<v Speaker 3>to February when actually November and then February when I

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<v Speaker 3>filmed a video with several of my fellow veterans, including

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<v Speaker 3>Mark Kelly, Yes, where we said that our military has

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<v Speaker 3>an obligation to disobey unlawful orders. There's nothing sensational about that, right,

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<v Speaker 3>that's military one oh one, that's the u CMJ. We're

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<v Speaker 3>simply restating what military law states and what every service

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<v Speaker 3>member knows. The President threatened to have us executed and

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<v Speaker 3>then tried for treason in that order, by the way,

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<v Speaker 3>he even messes up.

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<v Speaker 2>That would be a little messy, yep, yep.

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<v Speaker 3>And then in February he directs the DOJ to attempt

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<v Speaker 3>to indict us, so several times it's the grand jury.

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<v Speaker 3>So here you have us. They're trying to send me

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<v Speaker 3>to prison for stating something basic about our military. Guess

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<v Speaker 3>how many of my fellow veterans and Republicans reached out

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<v Speaker 3>to me during that time?

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<v Speaker 2>How many? How many? I mean, this is this is

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<v Speaker 2>my bunny's.

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<v Speaker 3>So what am I to do? Right? Where do I

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<v Speaker 3>go with that? Right? If when when they're literally trying

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<v Speaker 3>to put me in prison for standing up and speaking

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<v Speaker 3>out and the people that I've legislated and worked with

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<v Speaker 3>can't even pick up the film be like, hey, are

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<v Speaker 3>you okay? Is your family all right? I know you're

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<v Speaker 3>getting death threats, I know that they're cert What am

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<v Speaker 3>I to do? And the answer is very simple, fight

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<v Speaker 3>my ass off, Yeah, punch back as hard as I

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<v Speaker 3>possibly can and try to win. And that is my priority.

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<v Speaker 3>That's why I took the job as the co chair

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<v Speaker 3>of the battle Ground. I'm managing the battleground for House

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<v Speaker 3>Democrats right now to win as many seats as possible.

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<v Speaker 2>Yeah, this is perfect segue.

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<v Speaker 1>Congressman, I'm so glad that you said this, because I

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<v Speaker 1>really this is kind of also some of the meat

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<v Speaker 1>on the bone I wanted to talk to you about.

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<v Speaker 1>So you come from a working class family and you're

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<v Speaker 1>the first in your family to go to college three tours,

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<v Speaker 1>ron Star.

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<v Speaker 2>I mean, you understand what.

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<v Speaker 1>It's like to to You really understand the word affordability.

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<v Speaker 1>It's been used a lot lately, right, Affordability is used

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<v Speaker 1>a lot, but you really have an understanding. And I

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<v Speaker 1>spend a lot of time here at this channel talking

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<v Speaker 1>to candidates and talking to people about how important is

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<v Speaker 1>that your lived experience informs who you are and as

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<v Speaker 1>a candidate, what you're going to be able to bring

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<v Speaker 1>to DC. You also are helping on the flip red

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<v Speaker 1>to blue right the D Triple C, and that's a

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<v Speaker 1>really important thing. We had a great conversation with Congressman

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<v Speaker 1>Underwood about this. You just announced or the D Triple

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<v Speaker 1>C excuse me, just announced that they added five new

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<v Speaker 1>candidates to this cycle. So the red to blue candidates

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<v Speaker 1>now are thirty seven. And you know, Congressman, what I

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<v Speaker 1>noted about these five new candidates is something I'm sure

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<v Speaker 1>you noted, which is there's a retired Army brigadier general.

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<v Speaker 1>There's a former officer in Navy JAG. There is a

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<v Speaker 1>thirty five year veteran from the Navy helicopter pilot, three star,

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<v Speaker 1>amiable chief of the Navy Reserve, Nancy LeCour I mean, you.

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<v Speaker 3>Go, by the way, Nancy was uh was fired by

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<v Speaker 3>Pete heigsays she she was one of the admirals who

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<v Speaker 3>was purged by Pete hegsaf because he didn't meet the

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<v Speaker 3>loyalty and ideological litmus tests of this administration.

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<v Speaker 1>And she also happened to be a woman too, by

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<v Speaker 1>the way, which is I think a big, big problem

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<v Speaker 1>for Pete. Exactly. Yeah. So but listen, it doesn't escape

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<v Speaker 1>my notice that these are there are a lot of

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<v Speaker 1>veterans here right that are a part of this flip

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<v Speaker 1>red to blue. So I guess my question for you

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<v Speaker 1>is this, Congressman, you you there's there's you that stands

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<v Speaker 1>for I think kind of this big wave lately of

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<v Speaker 1>super kind of assault of the earth. People that don't

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<v Speaker 1>have like a background in politics, right, that that go

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<v Speaker 1>because they believe in being the change.

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<v Speaker 2>You don't take corporate money.

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<v Speaker 1>You're coming salt of the earth, like I said, someone

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<v Speaker 1>who wants to come and really make a difference in DC.

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<v Speaker 2>And fight for the people.

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<v Speaker 1>And then how does how does it work the way

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<v Speaker 1>that you're looking at some of these people that are

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<v Speaker 1>the red to blues, because I feel like they're also

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<v Speaker 1>fitting that mold. A lot of these people are not

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<v Speaker 1>career politicians. They're not people that woke up and they're like,

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<v Speaker 1>you know what, I want to run for office. I

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<v Speaker 1>think a lot of what we're seeing from these Democratic candidates,

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<v Speaker 1>and because they are so competitive is because they look

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<v Speaker 1>like you and me, right, They look like just people

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<v Speaker 1>that care enough that give a shit about what happens

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<v Speaker 1>to their fellow Americans in all ways, and that's the

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<v Speaker 1>reason why they want to come over and be in Congress.

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<v Speaker 3>Yeah, no, you're you're totally right. And so I have

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<v Speaker 3>two I have two side hustles, as I joke and

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<v Speaker 3>they say, but they're really not really sid hustles. An

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<v Speaker 3>unbelievable amount of my time and energy right now. And

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<v Speaker 3>that is one is building a new progressive vision for

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<v Speaker 3>foreign policy and national security.

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<v Speaker 2>Nice.

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<v Speaker 3>Well, one thing that's really important is that we don't

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<v Speaker 3>say we're going to go back and when everyone says

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<v Speaker 3>we're going to rebuild post something, yeah, we're not. We're

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<v Speaker 3>not rebuilding anything. Right. People don't want to go back. Right.

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<v Speaker 3>Donald Trump is elected president because people were fed up

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<v Speaker 3>with the system that wasn't serving them, that they viewed

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<v Speaker 3>as hypocritical. And Donald Trump even camp pained on a

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<v Speaker 3>lot of these things. See, he actually campaigned on like

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<v Speaker 3>government refum, he campaigned on ending the endless wars in

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<v Speaker 3>the Middle East. He's obviously turned us back on all

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<v Speaker 3>of those, but he knew where the public sentiment was.

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<v Speaker 3>So we're going to build something new. It's going to

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<v Speaker 3>be a progressive vision for national security that is going

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<v Speaker 3>to acknowledge that we have fallen short, that we have

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<v Speaker 3>failed in a lot of ways. That's number one. Number

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<v Speaker 3>two is helping the Democratic Party re enter vast swaths

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<v Speaker 3>of our country. Right. And you mentioned I'm a working

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<v Speaker 3>class guy. I was raised in a very conservative, you know,

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<v Speaker 3>Irish Catholic construction family in the Midwest. And what I

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<v Speaker 3>know is that it has taken us twenty years to

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<v Speaker 3>dig ourselves into this hole in working class rural America. Right,

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<v Speaker 3>in twenty twenty four and fall of twenty four, we

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<v Speaker 3>lost ninety percent of US counties.

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<v Speaker 1>Right.

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<v Speaker 3>That is not a major already, that is not a coalition, right,

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<v Speaker 3>And that didn't happen in one cycle. That happened over

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<v Speaker 3>twenty years. There's a lot of reasons for that, but

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<v Speaker 3>we have to understand those reasons and we have to

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<v Speaker 3>do the honest accounting as Democrats where we have fallen short.

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<v Speaker 3>I don't blame Donald Trump forgetting elected president. Actually I

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<v Speaker 3>blame the Democrats for allowing him to get elected president twice. Right,

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<v Speaker 3>the second time. How did we lose to this guy?

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<v Speaker 3>It's insane, It's crazy. Why we lost to this guy?

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<v Speaker 3>That's on us, right, So we have to acknowledge that

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<v Speaker 3>we have to take responsibility for it, and we have

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<v Speaker 3>to actually go back to these communities that we haven't

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<v Speaker 3>showed up in in years. Actually, there are communities in

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<v Speaker 3>this country that were now that I've now recruited and

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<v Speaker 3>mentoring candidates and some of its you just mentioned, and

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<v Speaker 3>those communities haven't heard from Democrats in six eight years. Right,

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<v Speaker 3>how do you expect people to know what we stand

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<v Speaker 3>for if we don't even show up in our case? Right,

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<v Speaker 3>It's crazy. So we're doing it. We're being aggressive, We're

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<v Speaker 3>going into deep territory. We're not leaving any stone unturned.

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<v Speaker 3>We're going to make our case to everybody everywhere. And

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<v Speaker 3>I am wildly passionate about that. And we have amazing

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<v Speaker 3>candidates who are going to do it.

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<v Speaker 2>I mean it sounds like it to me.

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<v Speaker 1>And listen, I spend a lot of time looking at

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<v Speaker 1>these candidates, and I spend a lot of time figuring

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<v Speaker 1>out who I want to amplify and help because I

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<v Speaker 1>do believe that we can't go in reverse. There's really

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<v Speaker 1>nothing to redo. We have to figure out what was

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<v Speaker 1>wrong and just make it right. I mean, you can't

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<v Speaker 1>really rejigger it some way, right, It's got to be

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<v Speaker 1>done clean, and part of that is bringing in the

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<v Speaker 1>right people and the right energy. Congressman Jason Crow, anytime

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<v Speaker 1>you want to come back, you are welcome to come

420
00:21:45.599 --> 00:21:47.759
<v Speaker 1>here to Katie fang News. I loved hanging out with you,

421
00:21:47.799 --> 00:21:50.039
<v Speaker 1>and again I started this out and the thank you

422
00:21:50.079 --> 00:21:54.319
<v Speaker 1>sir for your service. It is not easy, as you know,

423
00:21:54.559 --> 00:21:58.440
<v Speaker 1>and we are watching carefully because we are you know,

424
00:21:58.680 --> 00:22:00.480
<v Speaker 1>we're asking a lot of our am Maya Can people

425
00:22:00.519 --> 00:22:03.559
<v Speaker 1>right now domestically and internationally, and I feel like we

426
00:22:03.640 --> 00:22:05.680
<v Speaker 1>got to take care of them. And you're definitely making

427
00:22:05.680 --> 00:22:08.440
<v Speaker 1>that top of mind for the party and for yourself.

428
00:22:08.480 --> 00:22:09.359
<v Speaker 2>So I really appreciate it.

429
00:22:09.400 --> 00:22:11.359
<v Speaker 3>Thank you well. Thanks for being the voice that you

430
00:22:11.440 --> 00:22:13.559
<v Speaker 3>are a very important one right now, and thanks for

431
00:22:13.559 --> 00:22:14.039
<v Speaker 3>having me on.

432
00:22:14.559 --> 00:22:15.799
<v Speaker 2>Thank you, Katie Fang.

433
00:22:15.839 --> 00:22:18.799
<v Speaker 1>Here, we launched the Katifang News Channel in partnership with

434
00:22:18.799 --> 00:22:20.759
<v Speaker 1>the Midas Touch Network so we could bring you the

435
00:22:20.839 --> 00:22:24.400
<v Speaker 1>latest and legal and political news straight no chaser. So

436
00:22:24.480 --> 00:22:27.240
<v Speaker 1>if you're a fellow truthteller, hit that subscribe button and

437
00:22:27.359 --> 00:22:30.119
<v Speaker 1>share the word about this channel so we can build

438
00:22:30.160 --> 00:22:32.279
<v Speaker 1>a high information America together.

439
00:22:32.519 --> 00:22:33.920
<v Speaker 2>Some breaking news.

440
00:22:33.640 --> 00:22:36.319
<v Speaker 1>That we are waking up to this morning on Monday,

441
00:22:36.359 --> 00:22:40.480
<v Speaker 1>August twenty fourth, concerning that mega merger between Paramount's Guidance

442
00:22:40.839 --> 00:22:45.240
<v Speaker 1>and Warner Brothers Discovery Now. Today was supposed to be

443
00:22:45.559 --> 00:22:49.440
<v Speaker 1>a meeting to discuss possible settlement as a result of

444
00:22:49.480 --> 00:22:53.519
<v Speaker 1>the powerful lawsuit that was brought by California Attorney General

445
00:22:53.680 --> 00:22:58.559
<v Speaker 1>Rob Bonta and other state attorneys general to block this merger.

446
00:22:58.839 --> 00:23:02.680
<v Speaker 1>This lawsuit was filed in July. It put that merger

447
00:23:02.799 --> 00:23:06.039
<v Speaker 1>on hold. As we know, a federal judge has actually

448
00:23:06.079 --> 00:23:08.880
<v Speaker 1>sent a trial to take place in March of twenty

449
00:23:08.960 --> 00:23:09.599
<v Speaker 1>twenty seven.

450
00:23:09.960 --> 00:23:12.880
<v Speaker 2>This is a one hundred and eleven billion.

451
00:23:12.480 --> 00:23:15.480
<v Speaker 1>Dollar merger, and the reason why people are so up

452
00:23:15.480 --> 00:23:19.000
<v Speaker 1>in arms about it is understandable. As the Attorney's General

453
00:23:19.039 --> 00:23:23.200
<v Speaker 1>assert in their lawsuit, the merger between Paramount and Warner

454
00:23:23.240 --> 00:23:28.720
<v Speaker 1>Brothers would put two major movie studios, multiple streaming services,

455
00:23:29.119 --> 00:23:34.039
<v Speaker 1>and CNN and CBS News under one roof, and it

456
00:23:34.119 --> 00:23:37.759
<v Speaker 1>would be controlled by the Ellisons. Specifically, at this point,

457
00:23:37.880 --> 00:23:42.720
<v Speaker 1>David Ellison, who is one of the billionaire buddies of convicted,

458
00:23:42.759 --> 00:23:44.720
<v Speaker 1>fellon Donald Trump and look, I don't have to tell you.

459
00:23:44.759 --> 00:23:48.480
<v Speaker 1>We've already seen what has happened at CBS News when

460
00:23:48.519 --> 00:23:52.599
<v Speaker 1>Ellison installed Bari Weiss to be the head of that place.

461
00:23:52.640 --> 00:23:54.640
<v Speaker 1>We've seen what happened to sixty minutes. We've seen what's

462
00:23:54.640 --> 00:23:57.880
<v Speaker 1>happened to CBS Evening News. I mean, it's not pretty.

463
00:23:58.160 --> 00:24:01.160
<v Speaker 1>And so there is a very understandable concern about this

464
00:24:01.279 --> 00:24:06.039
<v Speaker 1>being anti competition, this huge mega merger that would happen.

465
00:24:06.839 --> 00:24:10.160
<v Speaker 1>So because of this lawsuit, a couple of things. One,

466
00:24:10.599 --> 00:24:14.960
<v Speaker 1>Attorney General Rob Bonta and other stakeholders were supposed to

467
00:24:15.000 --> 00:24:18.880
<v Speaker 1>sit down today with Ellison and other stakeholders from Paramount

468
00:24:18.880 --> 00:24:21.119
<v Speaker 1>to see if they could hammer out a deal now

469
00:24:21.440 --> 00:24:23.799
<v Speaker 1>as of Friday. Now I'm going to read this to

470
00:24:23.839 --> 00:24:27.400
<v Speaker 1>you because this is reporting as of Friday. As of Friday,

471
00:24:28.400 --> 00:24:32.319
<v Speaker 1>Attorney General Bonta said this, this was Friday night. Generally,

472
00:24:32.640 --> 00:24:35.839
<v Speaker 1>for all of my cases, I prefer to resolve disputes

473
00:24:35.880 --> 00:24:39.680
<v Speaker 1>in the boardroom, not the courtroom. As I've also said,

474
00:24:39.759 --> 00:24:42.319
<v Speaker 1>if the opposing party in litigation wants to meet in

475
00:24:42.319 --> 00:24:44.480
<v Speaker 1>good faith to make a sincere effort to resolve the case,

476
00:24:44.519 --> 00:24:47.680
<v Speaker 1>will meet. And as I have further said, any potential

477
00:24:47.720 --> 00:24:51.519
<v Speaker 1>discussions about the Paramount Warner Brothers merger will be unproductive

478
00:24:51.880 --> 00:24:56.799
<v Speaker 1>absent robust structural remedies on the table that address our concerns.

479
00:24:57.759 --> 00:25:00.680
<v Speaker 1>The proposed Warner Brothers Paramount merger, according to Attorney General

480
00:25:00.759 --> 00:25:05.119
<v Speaker 1>Rob Bonta, will mean higher costs, less competition, lower wages,

481
00:25:05.359 --> 00:25:08.839
<v Speaker 1>job cuts, and fewer movies and TV shows. This merger

482
00:25:08.920 --> 00:25:12.559
<v Speaker 1>violates long standing federal antitrust law, and we are committed

483
00:25:12.559 --> 00:25:17.559
<v Speaker 1>to enforcing the law. Now it's twelve state attorneys general

484
00:25:17.759 --> 00:25:21.279
<v Speaker 1>who have sued. There's an independent lawsuit that was brought

485
00:25:21.319 --> 00:25:25.640
<v Speaker 1>by the WGA, the Writer's Guild of America. That lawsuit

486
00:25:25.799 --> 00:25:28.799
<v Speaker 1>has been consolidated for purposes of being tried together in

487
00:25:28.839 --> 00:25:31.880
<v Speaker 1>March of twenty twenty seven, and the federal judge in

488
00:25:31.920 --> 00:25:34.119
<v Speaker 1>that case stating, I'm not going to have an earlier

489
00:25:34.119 --> 00:25:36.519
<v Speaker 1>trial date at this point. That's when you guys are

490
00:25:36.559 --> 00:25:39.519
<v Speaker 1>going to go to trial. Now, in the federal rules

491
00:25:39.599 --> 00:25:42.440
<v Speaker 1>of civil procedure, you are required in the course of

492
00:25:42.480 --> 00:25:45.599
<v Speaker 1>litigation to sit down and go to a mediation. Now,

493
00:25:45.640 --> 00:25:47.839
<v Speaker 1>this was going to be a separate thing, the meeting

494
00:25:47.839 --> 00:25:50.640
<v Speaker 1>that was supposed to happen today until Bonta canceled it

495
00:25:50.720 --> 00:25:53.000
<v Speaker 1>as a result of bad faith conduct on the part

496
00:25:53.039 --> 00:25:55.920
<v Speaker 1>of Paramount. That was going to be a kind of

497
00:25:56.039 --> 00:25:58.559
<v Speaker 1>good faith or supposed to be good faith effort for

498
00:25:58.599 --> 00:26:00.079
<v Speaker 1>them to see if they could work something out, or

499
00:26:00.119 --> 00:26:02.480
<v Speaker 1>at least start to hammer out the beginning of a

500
00:26:02.559 --> 00:26:05.119
<v Speaker 1>framework to be able to work something out. But the

501
00:26:05.119 --> 00:26:08.559
<v Speaker 1>federal rules of civil procedure will require both sides to

502
00:26:08.599 --> 00:26:10.720
<v Speaker 1>sit down and meet no matter what, for purposes of

503
00:26:10.759 --> 00:26:13.359
<v Speaker 1>a court ordered mediation. And let's talk about that for

504
00:26:13.359 --> 00:26:17.440
<v Speaker 1>a second, a magistrate judge would be sitting down at

505
00:26:17.440 --> 00:26:20.200
<v Speaker 1>some point to be able to try to negotiate a

506
00:26:20.240 --> 00:26:24.839
<v Speaker 1>sentiment on behalf of the parties. At a hearing last week,

507
00:26:25.039 --> 00:26:29.079
<v Speaker 1>the presiding Federal Court Judge Adresselli Martinez Auguin said the

508
00:26:29.079 --> 00:26:34.400
<v Speaker 1>parties had to identify two perspective people to serve for

509
00:26:34.480 --> 00:26:39.559
<v Speaker 1>purposes of this now look, Paramount has been trying to

510
00:26:39.720 --> 00:26:42.680
<v Speaker 1>fend off the continued blocking of this mega merger by

511
00:26:42.680 --> 00:26:45.480
<v Speaker 1>making a promise that it would produce at least thirty

512
00:26:45.559 --> 00:26:48.720
<v Speaker 1>films a year for the next three years and to

513
00:26:48.799 --> 00:26:52.160
<v Speaker 1>keep them exclusively available for viewing in theaters for at

514
00:26:52.240 --> 00:26:55.559
<v Speaker 1>least forty five days. But Rob Bonta has said historically

515
00:26:55.559 --> 00:26:59.440
<v Speaker 1>that's very hard to enforce. So promises made, promises broken

516
00:26:59.480 --> 00:27:00.279
<v Speaker 1>and never kept.

517
00:27:00.519 --> 00:27:02.559
<v Speaker 2>It's hard to sue to enforce that.

518
00:27:02.680 --> 00:27:07.480
<v Speaker 1>Number one and number two, we know that there have

519
00:27:07.559 --> 00:27:12.440
<v Speaker 1>been threats by Paramount to actually pull its entire base

520
00:27:12.480 --> 00:27:15.480
<v Speaker 1>of operations out of Hollywood, out of California and to

521
00:27:15.559 --> 00:27:17.640
<v Speaker 1>move them to a quote friendlier state.

522
00:27:18.559 --> 00:27:20.160
<v Speaker 2>But let's get into the specifics of.

523
00:27:20.079 --> 00:27:23.640
<v Speaker 1>Why Rob Bonta canceled this settlement meeting that was supposed

524
00:27:23.640 --> 00:27:28.839
<v Speaker 1>to happen today. According to his office late last night,

525
00:27:29.279 --> 00:27:32.079
<v Speaker 1>Paramount was accused of acting in bad faith. Quote, not

526
00:27:32.119 --> 00:27:36.160
<v Speaker 1>only did Paramount leak the alleged substance of settlement discussions,

527
00:27:36.720 --> 00:27:40.240
<v Speaker 1>but they misrepresented these discussions, demonstrating a lack of good faith.

528
00:27:40.440 --> 00:27:44.039
<v Speaker 1>As soon as Paramount stops playing games and engages, sincerely,

529
00:27:44.440 --> 00:27:46.440
<v Speaker 1>my office is happy to meet again.

530
00:27:48.519 --> 00:27:50.160
<v Speaker 2>So what was leaked?

531
00:27:50.200 --> 00:27:56.920
<v Speaker 1>Well, you're not supposed to leak or disclose settlement communications.

532
00:27:57.039 --> 00:28:01.319
<v Speaker 1>There is a presumption they are to remain confidential. Why

533
00:28:01.799 --> 00:28:04.200
<v Speaker 1>because ay, that's the law and the rule. And b

534
00:28:05.240 --> 00:28:08.720
<v Speaker 1>why would anybody want to have good faith settlement negotiations

535
00:28:08.720 --> 00:28:11.119
<v Speaker 1>and conversations if they knew that they were going.

536
00:28:10.960 --> 00:28:11.839
<v Speaker 2>To be exposed.

537
00:28:13.160 --> 00:28:16.440
<v Speaker 1>Because you may make admissions during the course of your

538
00:28:16.480 --> 00:28:21.119
<v Speaker 1>settlement conversations of potential weaknesses. A lot of it is posturing, yes,

539
00:28:21.200 --> 00:28:22.279
<v Speaker 1>a lot of his grandstanding.

540
00:28:22.359 --> 00:28:22.559
<v Speaker 2>Yes.

541
00:28:22.599 --> 00:28:25.119
<v Speaker 1>But you may say, look, I admit that maybe this

542
00:28:25.240 --> 00:28:27.319
<v Speaker 1>is an issue, but this is where you know blah

543
00:28:27.359 --> 00:28:30.200
<v Speaker 1>blah blah. The bottom line is this, nobody would Gauge,

544
00:28:30.359 --> 00:28:32.880
<v Speaker 1>would engage in good faith and trying to reach a

545
00:28:32.880 --> 00:28:35.599
<v Speaker 1>settlement if they thought everything was going to be exposed.

546
00:28:35.759 --> 00:28:38.160
<v Speaker 1>And again, the law protects it. The rules protect it.

547
00:28:38.160 --> 00:28:40.599
<v Speaker 1>You're not supposed to disclose it. So what is rob

548
00:28:40.640 --> 00:28:41.559
<v Speaker 1>Banta talking about?

549
00:28:41.559 --> 00:28:43.200
<v Speaker 2>Will check this out.

550
00:28:44.200 --> 00:28:52.519
<v Speaker 1>Apparently there were communications between the attorneys general that are

551
00:28:52.519 --> 00:28:57.240
<v Speaker 1>the plaintiffs in this lawsuit. They're outside Council, Millbank and

552
00:28:57.960 --> 00:29:02.480
<v Speaker 1>Paramount on August twenty first. Now that was just last week, right,

553
00:29:02.480 --> 00:29:09.319
<v Speaker 1>that was just last week Friday. Those communications disclosed, and

554
00:29:09.680 --> 00:29:14.519
<v Speaker 1>that is a problem because Paramount is leaking this. It

555
00:29:14.599 --> 00:29:18.519
<v Speaker 1>wasn't the Attorney's General and it wasn't their council. According

556
00:29:18.559 --> 00:29:20.319
<v Speaker 1>to Robonta, it was Paramount.

557
00:29:20.720 --> 00:29:21.839
<v Speaker 2>Now what was leaked?

558
00:29:22.000 --> 00:29:29.400
<v Speaker 1>Well, Paramount is sitting there stating that Robonta. Robonta is

559
00:29:29.440 --> 00:29:34.119
<v Speaker 1>trying to ask for things like David Ellison not having

560
00:29:34.440 --> 00:29:38.000
<v Speaker 1>day to day oversight or control of Warner Brothers, which

561
00:29:38.119 --> 00:29:42.400
<v Speaker 1>Ellison would never agree to do. Quote, Ellison needs those

562
00:29:42.440 --> 00:29:45.160
<v Speaker 1>cable channels. That's still where some of the money is.

563
00:29:46.759 --> 00:29:52.240
<v Speaker 1>And it is no secret that Robanta's office apparently has

564
00:29:52.519 --> 00:29:58.119
<v Speaker 1>asked that Paramount sell off several of Warner Brothers cable channels.

565
00:29:58.720 --> 00:30:01.720
<v Speaker 1>So it's like all of this that is maybe going

566
00:30:01.799 --> 00:30:04.640
<v Speaker 1>back and forth in terms of possible settlement negotiations, is

567
00:30:04.680 --> 00:30:05.759
<v Speaker 1>all being leaked.

568
00:30:05.759 --> 00:30:10.640
<v Speaker 2>According to Raw Banta. And here's the thing.

569
00:30:11.759 --> 00:30:16.200
<v Speaker 1>Paramount was forced to be able to make some minor

570
00:30:16.279 --> 00:30:19.359
<v Speaker 1>concessions in order to get regulatory approval outside of.

571
00:30:19.319 --> 00:30:20.960
<v Speaker 2>The United States in the United Kingdom.

572
00:30:21.000 --> 00:30:25.039
<v Speaker 1>We've covered that here, but this is the big one,

573
00:30:25.160 --> 00:30:28.119
<v Speaker 1>right because for every time that they're not able to close,

574
00:30:28.160 --> 00:30:33.440
<v Speaker 1>this is costing Paramount a whole lot of money. And

575
00:30:34.519 --> 00:30:38.400
<v Speaker 1>that's important because this is costing Paramount a ship pot

576
00:30:38.440 --> 00:30:43.039
<v Speaker 1>of money. While this case doesn't settle now. In the meantime,

577
00:30:43.359 --> 00:30:45.720
<v Speaker 1>David Ellison, as I mentioned a few minutes ago, has

578
00:30:45.759 --> 00:30:49.720
<v Speaker 1>been threatening to leave the state of California, to take

579
00:30:49.759 --> 00:30:54.119
<v Speaker 1>the company of Paramount out of California by October first

580
00:30:54.559 --> 00:30:58.200
<v Speaker 1>if there is no progress made to resolving this lawsuit

581
00:30:58.200 --> 00:30:59.920
<v Speaker 1>that's been brought by Bonta and other ages.

582
00:31:00.079 --> 00:31:00.279
<v Speaker 2>Jeez.

583
00:31:01.200 --> 00:31:02.920
<v Speaker 1>Now this is according to the New York Times back

584
00:31:02.960 --> 00:31:04.880
<v Speaker 1>on August eleven. So now this is even a couple

585
00:31:04.920 --> 00:31:08.000
<v Speaker 1>of weeks ago. Ellison is sitting there thinking that he

586
00:31:08.000 --> 00:31:12.680
<v Speaker 1>can intimidate and coerce Bonta into settling on unfavorable terms

587
00:31:13.079 --> 00:31:17.039
<v Speaker 1>for the people. Because remember this lawson isn't for raw Bonta.

588
00:31:17.440 --> 00:31:20.000
<v Speaker 1>He's not representing a private client. He represents the people.

589
00:31:20.000 --> 00:31:23.079
<v Speaker 1>In the state of California, as do these other attorneys general.

590
00:31:23.119 --> 00:31:26.599
<v Speaker 1>They're representing the people of those states, and ultimately we'll

591
00:31:26.599 --> 00:31:29.559
<v Speaker 1>all benefit if there is a good deal made with

592
00:31:29.640 --> 00:31:34.839
<v Speaker 1>structural remedies baked into the deal that will protect us

593
00:31:35.079 --> 00:31:39.480
<v Speaker 1>from the not good side of this mega merger, so

594
00:31:40.279 --> 00:31:45.440
<v Speaker 1>Bonta said back on August eleven, with this threat, these

595
00:31:45.559 --> 00:31:49.319
<v Speaker 1>leaked threats, right to move the company out of California.

596
00:31:49.480 --> 00:31:51.240
<v Speaker 2>Quote, it's an attempt.

597
00:31:50.799 --> 00:31:54.119
<v Speaker 1>To blackmail regulators who are daring to enforce the law.

598
00:31:55.319 --> 00:31:59.039
<v Speaker 1>Because here's the thing. Starting in October. Why October, you

599
00:31:59.079 --> 00:32:02.559
<v Speaker 1>may ask, Katie, Because starting in October, Warner Brothers will

600
00:32:02.559 --> 00:32:05.759
<v Speaker 1>owe their shareholders excuse me, Paramount will owe the Warner

601
00:32:05.759 --> 00:32:09.599
<v Speaker 1>Brothers shareholders six hundred and fifty million dollars each quarter

602
00:32:09.720 --> 00:32:11.960
<v Speaker 1>until the deal closes. Or remember this thing's not going

603
00:32:12.000 --> 00:32:14.839
<v Speaker 1>to trial until March of twenty twenty seven, so you've

604
00:32:14.880 --> 00:32:17.319
<v Speaker 1>got at least Q four twenty twenty six, Q one

605
00:32:17.400 --> 00:32:21.599
<v Speaker 1>twenty twenty seven, and until this thing is done. That's

606
00:32:21.720 --> 00:32:25.400
<v Speaker 1>a lot of money, right, So that's what one point

607
00:32:25.440 --> 00:32:28.640
<v Speaker 1>three billion, and so because of that, that's part of

608
00:32:28.680 --> 00:32:32.200
<v Speaker 1>the reason why there's been this idea that Allison's threatening

609
00:32:32.240 --> 00:32:35.880
<v Speaker 1>to move Paramount out of California.

610
00:32:36.079 --> 00:32:38.880
<v Speaker 2>And here's what somebody said. I thought this was really interesting.

611
00:32:39.319 --> 00:32:44.279
<v Speaker 1>At least one emerging entertainment hub, Tennessee, has made direct

612
00:32:44.319 --> 00:32:47.839
<v Speaker 1>overtures to Ellison. In a letter, Stuart mcwardur, the head

613
00:32:47.839 --> 00:32:50.759
<v Speaker 1>of the state's Economic and Community Development Agency, wrote to

614
00:32:50.839 --> 00:32:55.319
<v Speaker 1>Ellison encouraging him to consider Tennessee and join other bluestate

615
00:32:55.359 --> 00:33:01.839
<v Speaker 1>companies implanting roots in a more business friendly conservative state. Oracle,

616
00:33:01.960 --> 00:33:04.960
<v Speaker 1>for example, owned by Ellison's father, has been expanding its

617
00:33:05.000 --> 00:33:05.960
<v Speaker 1>presence in Nashville.

618
00:33:05.960 --> 00:33:07.720
<v Speaker 2>But I want to sit on this for just a second.

619
00:33:07.960 --> 00:33:10.440
<v Speaker 2>This is nothing against Nashville and nothing against Tennessee.

620
00:33:10.839 --> 00:33:13.559
<v Speaker 1>Well, yeah, maybe something against Tennessee, or more appropriately, it's

621
00:33:13.599 --> 00:33:19.400
<v Speaker 1>Republican leaders. Think about what is happening here. You have

622
00:33:19.480 --> 00:33:22.759
<v Speaker 1>overtures being made by red state Tennessee to come to

623
00:33:22.839 --> 00:33:27.880
<v Speaker 1>a quote more conservative place, come and bring your entertainment

624
00:33:27.880 --> 00:33:32.200
<v Speaker 1>and media company here. You don't think that we're already

625
00:33:32.200 --> 00:33:35.920
<v Speaker 1>dealing with the threat of having Ellison in his outsized

626
00:33:35.960 --> 00:33:39.720
<v Speaker 1>influence on content. Again, we've already seen what happened at CBS, right,

627
00:33:40.559 --> 00:33:44.079
<v Speaker 1>you don't think actually relocating to a states that you

628
00:33:45.279 --> 00:33:47.880
<v Speaker 1>want to be in that's more conservative. You don't think

629
00:33:47.880 --> 00:33:50.200
<v Speaker 1>that's also going to have an influence on what happens

630
00:33:50.200 --> 00:33:52.759
<v Speaker 1>to content. You'd have to be a fool to think

631
00:33:52.759 --> 00:33:56.400
<v Speaker 1>that that's not the case. And it's not a surprise, right,

632
00:33:56.720 --> 00:33:58.240
<v Speaker 1>because then you're going to say, well, thank you so

633
00:33:58.359 --> 00:34:00.880
<v Speaker 1>much for letting us come to your state, and then

634
00:34:00.920 --> 00:34:05.880
<v Speaker 1>you're trying to sit there and negotiate tax deals, benefits

635
00:34:05.920 --> 00:34:07.920
<v Speaker 1>for the work that you're bringing to that state.

636
00:34:08.519 --> 00:34:09.519
<v Speaker 2>But listen to this.

637
00:34:10.920 --> 00:34:14.679
<v Speaker 1>In twenty twenty one, Walt Disney announced plans to relocate

638
00:34:14.800 --> 00:34:17.880
<v Speaker 1>roughly two thousand employees from LA to Orlando.

639
00:34:18.079 --> 00:34:20.360
<v Speaker 2>Workers push back so much so and a.

640
00:34:20.400 --> 00:34:23.320
<v Speaker 1>Significant number quit rather than move that Disney ultimately canceled

641
00:34:23.320 --> 00:34:27.280
<v Speaker 1>their plans and missed that employee resistance. And of course,

642
00:34:27.280 --> 00:34:31.800
<v Speaker 1>as you're recall that nasty, stupid Ron DeSantis war on Disney.

643
00:34:32.159 --> 00:34:34.679
<v Speaker 1>I mean, the deadline is August twenty sixth, what is

644
00:34:34.679 --> 00:34:37.800
<v Speaker 1>that two days from now for the parties to select

645
00:34:37.840 --> 00:34:40.960
<v Speaker 1>a mat judge to do this mediation. So there will

646
00:34:41.000 --> 00:34:44.159
<v Speaker 1>be a court ordered mediation happening here. But I think

647
00:34:44.159 --> 00:34:46.480
<v Speaker 1>it's interesting that Rob Bonta said, uh, oh, we're not

648
00:34:46.519 --> 00:34:48.519
<v Speaker 1>doing this if paramount doesn't come to the table in

649
00:34:48.559 --> 00:34:52.719
<v Speaker 1>good faith. Bonta says, I will only accept structural remedies

650
00:34:52.760 --> 00:34:54.559
<v Speaker 1>to resolve this lawsuit, which means you're gonna have to

651
00:34:54.639 --> 00:34:58.760
<v Speaker 1>sell off parts of this combined business, and Allison says,

652
00:34:58.760 --> 00:35:00.800
<v Speaker 1>ain't gonna do it. So, I mean, it kind of

653
00:35:00.800 --> 00:35:05.639
<v Speaker 1>sounds like it's a, you know, a standoff. But look,

654
00:35:06.760 --> 00:35:10.079
<v Speaker 1>it was Banta's choice to do this, and I'm glad

655
00:35:10.719 --> 00:35:13.760
<v Speaker 1>because you can't bully people into submission. I think a

656
00:35:13.800 --> 00:35:18.280
<v Speaker 1>lot of these billionaire oligarchs, these corporate oligarchs, think that

657
00:35:18.599 --> 00:35:21.159
<v Speaker 1>you can just bully people and you can play this

658
00:35:21.400 --> 00:35:26.400
<v Speaker 1>game of dropping things in the public, leaking settlement communications

659
00:35:26.400 --> 00:35:29.800
<v Speaker 1>that are supposed to remain confidential, threatening to move your

660
00:35:29.800 --> 00:35:32.280
<v Speaker 1>base of operations, even though it would really be a

661
00:35:32.320 --> 00:35:35.559
<v Speaker 1>big middle finger fuck you to California, which I'm sorry.

662
00:35:35.599 --> 00:35:38.199
<v Speaker 1>This is really what I wanted to also emphasize to you.

663
00:35:38.320 --> 00:35:40.519
<v Speaker 1>Check this out, because I think this kind of summarizes

664
00:35:40.559 --> 00:35:45.480
<v Speaker 1>it really astutely. Joseph Singer, a veteran film financier and

665
00:35:45.519 --> 00:35:48.679
<v Speaker 1>former studio executive, said about this threat of Ellison to

666
00:35:48.760 --> 00:35:52.840
<v Speaker 1>move Paramount out of California. Many of the top Paramount

667
00:35:52.880 --> 00:35:55.800
<v Speaker 1>executives I've spoken with are extremely unhappy with the idea.

668
00:35:56.239 --> 00:35:58.599
<v Speaker 1>Their lives, their families, and their kids' lives and schools

669
00:35:58.599 --> 00:36:02.760
<v Speaker 1>are in LA. Either the merger is good for California,

670
00:36:02.880 --> 00:36:06.400
<v Speaker 1>as its supporters have insisted, or those same jobs are

671
00:36:06.440 --> 00:36:08.159
<v Speaker 1>a chip to be moved out of state when the

672
00:36:08.159 --> 00:36:11.800
<v Speaker 1>state's law enforcer declines to fold. A threat to relocate

673
00:36:11.840 --> 00:36:14.000
<v Speaker 1>doesn't make sense and just hurts the very people he

674
00:36:14.079 --> 00:36:18.000
<v Speaker 1>says he wants to protect. He being Allison, and that's

675
00:36:18.000 --> 00:36:20.480
<v Speaker 1>just so on point, right people, If you think about it,

676
00:36:20.599 --> 00:36:23.079
<v Speaker 1>If Ellison is claiming that this mega merger is so

677
00:36:23.199 --> 00:36:24.920
<v Speaker 1>great and it's such a benefit, and it's going to

678
00:36:24.920 --> 00:36:27.119
<v Speaker 1>be such a boon to the people of California, you're

679
00:36:27.159 --> 00:36:29.719
<v Speaker 1>now threatening to pull your company. You're now threatening to

680
00:36:29.760 --> 00:36:32.039
<v Speaker 1>take it somewhere else. By the way, just if you

681
00:36:32.119 --> 00:36:34.880
<v Speaker 1>do that, the lossing doesn't go away. The lawsuit is

682
00:36:34.920 --> 00:36:39.000
<v Speaker 1>to block the merger in and of it self. There's

683
00:36:39.039 --> 00:36:41.199
<v Speaker 1>a lot here, but it is breaking news. I wanted

684
00:36:41.239 --> 00:36:44.599
<v Speaker 1>to make sure that we covered it here and like

685
00:36:44.639 --> 00:36:47.760
<v Speaker 1>and subscribe, share this so people understand what's going on.

686
00:36:48.840 --> 00:36:51.880
<v Speaker 1>There is a lot at stake here about the defense

687
00:36:51.960 --> 00:36:55.320
<v Speaker 1>of democracy. You cannot consolidate this amount of power and

688
00:36:55.400 --> 00:36:58.280
<v Speaker 1>expect that it's not going to be abused.

689
00:36:58.880 --> 00:37:00.320
<v Speaker 2>You also want to be able to.

690
00:37:00.320 --> 00:37:03.400
<v Speaker 1>Understand here that from the very top, from these you

691
00:37:03.440 --> 00:37:07.280
<v Speaker 1>know A level actors, actresses, down all the way to

692
00:37:07.280 --> 00:37:08.800
<v Speaker 1>the people that are providing craft services.

693
00:37:08.880 --> 00:37:10.519
<v Speaker 2>I like to say, as an example.

694
00:37:10.320 --> 00:37:12.480
<v Speaker 1>To the writers, to the people that are on the

695
00:37:12.480 --> 00:37:14.159
<v Speaker 1>tech side of it, to the producers, to the hair

696
00:37:14.199 --> 00:37:17.599
<v Speaker 1>makeup artists, to the I mean, you name it, they

697
00:37:17.719 --> 00:37:21.119
<v Speaker 1>all will have their jobs on the chopping block because

698
00:37:21.159 --> 00:37:26.679
<v Speaker 1>of this merger. Consolidation is not going to benefit consumers either.

699
00:37:27.360 --> 00:37:29.719
<v Speaker 1>This is a one hundred and eleven billion dollar deal.

700
00:37:29.920 --> 00:37:32.880
<v Speaker 1>The debt load on this is freaking huge. Putting aside

701
00:37:32.880 --> 00:37:36.480
<v Speaker 1>my concerns about foreign equity being pushed into this to

702
00:37:36.599 --> 00:37:40.280
<v Speaker 1>finance this deal, from places like Saudi Arabia, Cutter and others,

703
00:37:40.920 --> 00:37:43.599
<v Speaker 1>I have a serious concern about the fact that where

704
00:37:43.679 --> 00:37:46.639
<v Speaker 1>are you going to pass down the costs to have

705
00:37:46.679 --> 00:37:47.519
<v Speaker 1>to carry this debt.

706
00:37:47.679 --> 00:37:49.199
<v Speaker 2>You're going to fire people.

707
00:37:49.719 --> 00:37:53.199
<v Speaker 1>You're going to limit production, especially kind of on the

708
00:37:53.440 --> 00:37:57.920
<v Speaker 1>big blockbuster Hollywood side, and you're going to pass down

709
00:37:57.920 --> 00:38:00.400
<v Speaker 1>the cost to me as a consumer. Your streaming services

710
00:38:00.400 --> 00:38:02.199
<v Speaker 1>are going to get more expensive. Why because it's all

711
00:38:02.199 --> 00:38:04.199
<v Speaker 1>been consolidated. All these streaming services are going to be

712
00:38:04.239 --> 00:38:07.440
<v Speaker 1>coming together, and so that package is really not a package.

713
00:38:07.519 --> 00:38:10.840
<v Speaker 2>It's going to be an access fee that's going to

714
00:38:10.840 --> 00:38:11.480
<v Speaker 2>be exorb in it.

715
00:38:12.440 --> 00:38:14.920
<v Speaker 1>Yeah, we can exercise our right not to do it,

716
00:38:15.320 --> 00:38:18.400
<v Speaker 1>but why be forced to do that if you have

717
00:38:18.480 --> 00:38:21.039
<v Speaker 1>people like Attorney General Bonta, Letitia James and the others

718
00:38:21.039 --> 00:38:22.920
<v Speaker 1>that are saying, look, this is anti competitive, it's going

719
00:38:22.960 --> 00:38:27.719
<v Speaker 1>to hurt consumers. We don't do this. This is America.

720
00:38:27.880 --> 00:38:31.239
<v Speaker 1>Be mad, be outrage, demand accountability like Rob Bonta does.

721
00:38:31.760 --> 00:38:32.840
<v Speaker 2>I'm off to rellicages.

722
00:38:33.079 --> 00:38:35.960
<v Speaker 1>Katie Fang here, we launched the Katifang News channel in

723
00:38:36.039 --> 00:38:38.480
<v Speaker 1>partnership with the Midas Touch Network so we could bring

724
00:38:38.519 --> 00:38:41.880
<v Speaker 1>you the latest and legal and political news straight no chaser.

725
00:38:42.199 --> 00:38:44.960
<v Speaker 1>So if you're a fellow truthteller, hit that subscribe button

726
00:38:45.039 --> 00:38:47.639
<v Speaker 1>and share the word about this channel so we can

727
00:38:47.679 --> 00:38:50.159
<v Speaker 1>build a high information America together
