TONIGHT. >> THANK YOU.
>> THANK YOU. >> NOW, FOR MORE ON THE
>> NOW, FOR MORE ON THE SITUATION, I WANT TO BRING IN
SITUATION, I WANT TO BRING IN DEMOCRATIC PRESIDENTIAL
DEMOCRATIC PRESIDENTIAL CANDIDATE SENATOR BERNIE
CANDIDATE SENATOR BERNIE SANDERS, INDEPENDENT OF VERMONT.
SANDERS, INDEPENDENT OF VERMONT. SENATOR, I WANT TO START, I HAVE
SENATOR, I WANT TO START, I HAVE BEEN WATCHING THE BROADCAST YOU
BEEN WATCHING THE BROADCAST YOU HAVE BEEN DOING SORT OF LAYING
HAVE BEEN DOING SORT OF LAYING OUT YOUR VISION FOR THIS, AND I
OUT YOUR VISION FOR THIS, AND I WANT TO START WITH AN ARGUMENT
WANT TO START WITH AN ARGUMENT ABOUT ASSISTANCE TO LARGE
ABOUT ASSISTANCE TO LARGE COMPANIES PARTICULARLY THAT I
COMPANIES PARTICULARLY THAT I HAVE HEARD AND GET YOUR RESPONSE
HAVE HEARD AND GET YOUR RESPONSE TO IT WHICH IS BASICALLY THE
TO IT WHICH IS BASICALLY THE OPPOSITE OF WHAT JOSEPH STIGLITZ
OPPOSITE OF WHAT JOSEPH STIGLITZ WAS SAYING, LOOK, IN 2008, THE
WAS SAYING, LOOK, IN 2008, THE FINANCIAL INDUSTRY AND REAL
FINANCIAL INDUSTRY AND REAL ESTATE INDUSTRY CRASHED
ESTATE INDUSTRY CRASHED THEMSELVES AND ASKED FOR A
THEMSELVES AND ASKED FOR A BAILOUT.
BAILOUT. THERE WAS A REAL PROBLEM OF
THERE WAS A REAL PROBLEM OF MORAL HAZARD.
MORAL HAZARD. IN THIS CASE, IT’S NOT LIKE THE
IN THIS CASE, IT’S NOT LIKE THE COMPANIES THAT ARE SUFFERING
COMPANIES THAT ARE SUFFERING BROUGHT THIS ON THEMSELVES, IT’S
BROUGHT THIS ON THEMSELVES, IT’S JUST A VIRUS.
JUST A VIRUS. WE SHOULDN’T BE THINKING OF IT
WE SHOULDN’T BE THINKING OF IT AS A BAILOUT, SHOULDN’T BE
AS A BAILOUT, SHOULDN’T BE THINKING OF IT AS A MORAL HAZARD
THINKING OF IT AS A MORAL HAZARD IN THE SAME WAY.
IN THE SAME WAY. WHAT’S YOUR FEELING ABOUT THAT?
WHAT’S YOUR FEELING ABOUT THAT? >> MY FEELING IS YOU CANNOT
>> MY FEELING IS YOU CANNOT SIMPLY GIVE $50 BILLION FOR THE
SIMPLY GIVE $50 BILLION FOR THE AIRLINE INDUSTRY, AND OF COURSE
AIRLINE INDUSTRY, AND OF COURSE THIS CRISIS IS NOT THEIR MAKING
THIS CRISIS IS NOT THEIR MAKING BUT YOU CAN’T JUST GIVE THEM
BUT YOU CAN’T JUST GIVE THEM THAT MONEY TO DO ANYTHING THEY
THAT MONEY TO DO ANYTHING THEY WANT.
WANT. IF WE’RE GOING TO BAIL OUT THE
IF WE’RE GOING TO BAIL OUT THE AIRLINE INDUSTRY, IF YOU’RE
AIRLINE INDUSTRY, IF YOU’RE GOING TO BAIL OUT TOURISM, IF
GOING TO BAIL OUT TOURISM, IF YOU’RE GOING TO BAIL OUT HOTELS
YOU’RE GOING TO BAIL OUT HOTELS ET CETERA, WHAT YOU HAVE TO DO
ET CETERA, WHAT YOU HAVE TO DO IS MAKE SURE THAT THAT MONEY IS
IS MAKE SURE THAT THAT MONEY IS GOING TO PROTECT WORKING PEOPLE.
GOING TO PROTECT WORKING PEOPLE. AND WHAT YOU’RE SEEING IN THE
AND WHAT YOU’RE SEEING IN THE UNITED KINGDOM IN OTHER
UNITED KINGDOM IN OTHER COUNTRIES, THEY ARE SAYING TO
COUNTRIES, THEY ARE SAYING TO EMPLOYERS, IF YOU RETAIN YOUR
EMPLOYERS, IF YOU RETAIN YOUR WORKERS, EVEN IF YOU FURLOUGH
WORKERS, EVEN IF YOU FURLOUGH THEM, EVEN IF THEY’RE WORKING
THEM, EVEN IF THEY’RE WORKING FROM HOME, THEY’RE GOING TO
FROM HOME, THEY’RE GOING TO CONTINUE TO GET THE PAYCHECK
CONTINUE TO GET THE PAYCHECK THAT THE GOVERNMENT IS
THAT THE GOVERNMENT IS PROVIDING.
PROVIDING. SO BOTTOM LINE IS YES, I DO
SO BOTTOM LINE IS YES, I DO UNDERSTAND THAT MAJOR INDUSTRIES
UNDERSTAND THAT MAJOR INDUSTRIES THROUGH NO FAULT OF THEIR OWN
THROUGH NO FAULT OF THEIR OWN ARE IN TROUBLE.
ARE IN TROUBLE. OUR JOB IS NOT TO MAKE THESE
OUR JOB IS NOT TO MAKE THESE INDUSTRIES RICHER, NOT TO ALLOW
INDUSTRIES RICHER, NOT TO ALLOW THEM TO DO STOCK BUY BACKS BUT
THEM TO DO STOCK BUY BACKS BUT TO PROTECT THE WORKERS IN THOSE
TO PROTECT THE WORKERS IN THOSE COMPANIES.
COMPANIES. >> I WANTED TO GET YOUR
>> I WANTED TO GET YOUR REACTION.
REACTION. ONE PROVISION THAT SEEMS A
ONE PROVISION THAT SEEMS A STICKING POINT IN THE LATEST
STICKING POINT IN THE LATEST NEGOTIATIONS IS ABOUT
NEGOTIATIONS IS ABOUT DISCLOSURE.
DISCLOSURE. THIS IS REALLY STRIKING.
THIS IS REALLY STRIKING. AS THE LEGISLATION IS CURRENTLY
AS THE LEGISLATION IS CURRENTLY WRITTEN, I’M QUOTING THE ”THE
WRITTEN, I’M QUOTING THE ”THE NEW YORK TIMES” HERE.
NEW YORK TIMES” HERE. MR. MNUCHIN, TREASURY SECRETARY
MR. MNUCHIN, TREASURY SECRETARY WOULD NOT HAVE TO DISCLOSE THE
WOULD NOT HAVE TO DISCLOSE THE RECIPIENTS OF THE GRANTS, LOANS,
RECIPIENTS OF THE GRANTS, LOANS, GIVEN OUT BY THE TREASURY UNTIL
GIVEN OUT BY THE TREASURY UNTIL SIX MONTHS AFTER THE LOANS WERE
SIX MONTHS AFTER THE LOANS WERE DISBURSED.
DISBURSED. WHAT DO YOU THINK OF THAT?
WHAT DO YOU THINK OF THAT? >> I KNOW YOU KNOW WHAT I THINK
>> I KNOW YOU KNOW WHAT I THINK ABOUT THAT.
ABOUT THAT. I THINK THAT THAT IS TOTALLY
I THINK THAT THAT IS TOTALLY INSANE AND UNACCEPTABLE.
INSANE AND UNACCEPTABLE. CAN YOU IMAGINE GIVING THE TRUMP
CAN YOU IMAGINE GIVING THE TRUMP ADMINISTRATION $500 BILLION AND
ADMINISTRATION $500 BILLION AND BY THE WAY, IN THE MIDST OF AN
BY THE WAY, IN THE MIDST OF AN ELECTION TO DO ANYTHING THEY
ELECTION TO DO ANYTHING THEY WANT WITH THAT MONEY, TO GIVE
WANT WITH THAT MONEY, TO GIVE THE NONE TOMONEY TO ANY COMPANY
THE NONE TOMONEY TO ANY COMPANY WANT, ANY STATE THEY WANT, WITH
WANT, ANY STATE THEY WANT, WITH NO TRANSPARENCY AT ALL.
NO TRANSPARENCY AT ALL. THAT IS ABSOLUTELY WRONG.
THAT IS ABSOLUTELY WRONG. LOOK, CHRIS, THE TRUTH IS RIGHT
LOOK, CHRIS, THE TRUTH IS RIGHT NOW WE FACE AT THIS MOMENT IN
NOW WE FACE AT THIS MOMENT IN TERMS OF THE PANDEMIC, IN TERMS
TERMS OF THE PANDEMIC, IN TERMS OF THE ECONOMIC MELT DOWN, THE
OF THE ECONOMIC MELT DOWN, THE MOST SERIOUS SET OF CRISES THAT
MOST SERIOUS SET OF CRISES THAT HAVE BEEN FACING THIS COUNTRY
HAVE BEEN FACING THIS COUNTRY PERHAPS FOR A HUNDRED YEARS.
PERHAPS FOR A HUNDRED YEARS. AND OUR JOB RIGHT NOW IS TO
AND OUR JOB RIGHT NOW IS TO THINK BIG, IS TO ACT IN AN
THINK BIG, IS TO ACT IN AN UNPRECEDENTED WAY BOTH IN TERMS
UNPRECEDENTED WAY BOTH IN TERMS OF HEALTH CARE AND IN TERMS OF
OF HEALTH CARE AND IN TERMS OF THE ECONOMY.
THE ECONOMY. AND IT IS GOING TO COST A LOT OF
AND IT IS GOING TO COST A LOT OF MONEY, BUT NOT SPENDING THAT
MONEY, BUT NOT SPENDING THAT MONEY NOW WILL MAKE A BAD
MONEY NOW WILL MAKE A BAD SITUATION EVEN WORSE BECAUSE AS
SITUATION EVEN WORSE BECAUSE AS YOU KNOW, THERE ARE SOME PEOPLE
YOU KNOW, THERE ARE SOME PEOPLE OUT THERE TALKING ABOUT BY THE
OUT THERE TALKING ABOUT BY THE END OF JUNE UNEMPLOYMENT BEING
END OF JUNE UNEMPLOYMENT BEING 20, 25, 30%.
20, 25, 30%. SO RIGHT NOW, OUR FOCUS HAS GOT
SO RIGHT NOW, OUR FOCUS HAS GOT TO BE IN MY VIEW, TO MAKE SURE
TO BE IN MY VIEW, TO MAKE SURE THAT ALL WORKERS IN THIS COUNTRY
THAT ALL WORKERS IN THIS COUNTRY ARE KEPT WHOLE, THEY CONTINUE TO
ARE KEPT WHOLE, THEY CONTINUE TO GET THEIR PAYCHECK, TO MAKE
GET THEIR PAYCHECK, TO MAKE CERTAIN THAT IN ADDITION TO THAT
CERTAIN THAT IN ADDITION TO THAT PEOPLE GET A CHECK OF $2,000 A
PEOPLE GET A CHECK OF $2,000 A MONTH TO MAKE CERTAIN RIGHT NOW
MONTH TO MAKE CERTAIN RIGHT NOW THAT WE MOVE IN AN UNBELIEVABLY
THAT WE MOVE IN AN UNBELIEVABLY AGGRESSIVE WAY, TO MAKE SURE
AGGRESSIVE WAY, TO MAKE SURE THAT OUR HEALTH CARE PROVIDERS,
THAT OUR HEALTH CARE PROVIDERS, OUR DOCTORS AND NURSES ARE NOT
OUR DOCTORS AND NURSES ARE NOT DYING ON THE JOB TRYING TO
DYING ON THE JOB TRYING TO PROTECT US.
PROTECT US. AND THAT MEANS THAT TRUMP HAS
AND THAT MEANS THAT TRUMP HAS GOT TO ENFORCE IN A VIGOROUS WAY
GOT TO ENFORCE IN A VIGOROUS WAY THE DEFENSE PRODUCTION ACT TO
THE DEFENSE PRODUCTION ACT TO MAKE SURE THAT COMPANIES NOW ARE
MAKE SURE THAT COMPANIES NOW ARE NOT PRODUCING T-SHIRTS AND
NOT PRODUCING T-SHIRTS AND UNDERWEAR, THAT IS NOT OUR MAJOR
UNDERWEAR, THAT IS NOT OUR MAJOR NEED AT THE MOMENT, MASKS,
NEED AT THE MOMENT, MASKS, GOWNS, GLOVES ARE THE NEED.
GOWNS, GLOVES ARE THE NEED. COMPANIES HAVE GOT TO DO THAT.
COMPANIES HAVE GOT TO DO THAT. SOME ARE VOLUNTARILY DOING THAT.
SOME ARE VOLUNTARILY DOING THAT. THEY NEED TO BE COMPENSATED
THEY NEED TO BE COMPENSATED WELL.
WELL. THEY’VE GOT TO TRANSFORM THEIR
THEY’VE GOT TO TRANSFORM THEIR PRODUCTION CAPABILITIES TO DEAL
PRODUCTION CAPABILITIES TO DEAL WITH THE CRISES THAT WE FACE
WITH THE CRISES THAT WE FACE RIGHT NOW.
RIGHT NOW. THE OTHER THING I THINK, CHRIS,
THE OTHER THING I THINK, CHRIS, YOU KNOW, IS THAT WHILE CONGRESS
YOU KNOW, IS THAT WHILE CONGRESS AND THERE ARE GOING TO BE PEOPLE
AND THERE ARE GOING TO BE PEOPLE UP ALL NIGHT RIGHT NOW WORKING
UP ALL NIGHT RIGHT NOW WORKING ON THIS $2 TRILLION BILL.
ON THIS $2 TRILLION BILL. PEOPLE ARE WORKING REALLY HARD.
PEOPLE ARE WORKING REALLY HARD. THEY UNDERSTAND THE EXTENT O. F
THEY UNDERSTAND THE EXTENT O. F THE TRAGEDY.
THE TRAGEDY. WE HAVE TO TAKE A DEEP BREATH
WE HAVE TO TAKE A DEEP BREATH AND HOW WE GOT TO BE IN A
AND HOW WE GOT TO BE IN A COUNTRY WHERE SO MANY PEOPLE ARE
COUNTRY WHERE SO MANY PEOPLE ARE IN FINANCIAL DESPAIR RIGHT NOW.
IN FINANCIAL DESPAIR RIGHT NOW. WHAT I WORRY ABOUT IS THAT AT A
WHAT I WORRY ABOUT IS THAT AT A TIME WHEN HALF OF OUR PEOPLE ARE
TIME WHEN HALF OF OUR PEOPLE ARE LIVING PAYCHECK TO PAYCHECK,
LIVING PAYCHECK TO PAYCHECK, THOSE PAYCHECKS ARE STOPPING.
THOSE PAYCHECKS ARE STOPPING. THERE ARE PEOPLE OUT THERE
THERE ARE PEOPLE OUT THERE WATCHING THIS PROGRAM WHO ARE
WATCHING THIS PROGRAM WHO ARE SAYING I CAN’T FEED MY KIDS
SAYING I CAN’T FEED MY KIDS TOMORROW.
TOMORROW. HOW DID WE GET THERE, HOW DO WE
HOW DID WE GET THERE, HOW DO WE HAVE A HEALTH CARE SYSTEM SO
HAVE A HEALTH CARE SYSTEM SO UNPREPARED AMONG MANY OTHER
UNPREPARED AMONG MANY OTHER THINGS FOR THIS EPIDEMIC.
THINGS FOR THIS EPIDEMIC. >> FINAL QUESTION FOR YOU,
>> FINAL QUESTION FOR YOU, SENATOR, I KNOW OBVIOUSLY YOU’RE
SENATOR, I KNOW OBVIOUSLY YOU’RE RUNNING FOR PRESIDENT OF THE
RUNNING FOR PRESIDENT OF THE UNITED STATES, YOU HAVE BEEN FOR
UNITED STATES, YOU HAVE BEEN FOR A WHILE, IT’S BASICALLY YOU AND
A WHILE, IT’S BASICALLY YOU AND JOE BIDEN THE LAST PEOPLE IN THE
JOE BIDEN THE LAST PEOPLE IN THE RACE, YOU WERE ASKED BY A
RACE, YOU WERE ASKED BY A REPORTER, I THINK LAST WEEK, AND
REPORTER, I THINK LAST WEEK, AND YOU SAID SOMETHING TO THE EFFECT
YOU SAID SOMETHING TO THE EFFECT OF I’M DEALING WITH A GLOBAL
OF I’M DEALING WITH A GLOBAL PANDEMIC, WHICH I FOUND A
PANDEMIC, WHICH I FOUND A REASONABLE REACTION GIVEN WHAT’S
REASONABLE REACTION GIVEN WHAT’S GOING ON, BUT I WONDER, HOW
GOING ON, BUT I WONDER, HOW WOULD YOU CHARACTERIZE THE STATE
WOULD YOU CHARACTERIZE THE STATE OF THE SANDERS CAMPAIGN AT THIS
OF THE SANDERS CAMPAIGN AT THIS BIZARRE, BIZARRE CRISIS MOMENT?
BIZARRE, BIZARRE CRISIS MOMENT? >> I THINK YOU USED THE RIGHT
>> I THINK YOU USED THE RIGHT WORD, CHRIS, WE ARE IN A BIZARRE
WORD, CHRIS, WE ARE IN A BIZARRE MOMENT.
MOMENT. YOU KNOW, YOU WELL KNOW, I LOVE
YOU KNOW, YOU WELL KNOW, I LOVE TO DO LARGE RALLIES.
TO DO LARGE RALLIES. WE HAVE HAD RALLIES FOR 10, 20,
WE HAVE HAD RALLIES FOR 10, 20, 25,000 PEOPLE.
25,000 PEOPLE. WE’RE NOT DOING RALLIES.
WE’RE NOT DOING RALLIES. WE HAVE A STRONG GRASS ROOTS
WE HAVE A STRONG GRASS ROOTS MOVEMENT.
MOVEMENT. HUNDREDS OF THOUSANDS OF PEOPLE
HUNDREDS OF THOUSANDS OF PEOPLE KNOCKING ON DOORS.
KNOCKING ON DOORS. GUESS WHAT, NOBODY IS KNOCKING
GUESS WHAT, NOBODY IS KNOCKING ON DOORS RIGHT NOW.
ON DOORS RIGHT NOW. WHAT WE ARE DOING IS
WHAT WE ARE DOING IS TRANSITIONING OUR CAMPAIGN TO A
TRANSITIONING OUR CAMPAIGN TO A VIRTUAL CAMPAIGN.
VIRTUAL CAMPAIGN. WE HAD A WONDERFUL TOWN MEETING
WE HAD A WONDERFUL TOWN MEETING LAST NIGHT WITH SEVERAL OF THE
LAST NIGHT WITH SEVERAL OF THE LEADING MEMBERS OF THE CONGRESS
LEADING MEMBERS OF THE CONGRESS WHICH I THOUGHT WAS VERY
WHICH I THOUGHT WAS VERY PRODUCTIVE.
PRODUCTIVE. A LARGE VIEWING AUDIENCE.
A LARGE VIEWING AUDIENCE. WE’RE KIND OF MOVING DAY BY DAY.
WE’RE KIND OF MOVING DAY BY DAY. >> ALL RIGHT.
