LABOR UNDER PRESIDENT OBAMA, THANKS FOR YOUR TIME THIS
MORNING.
MORNING. APPRECIATE IT.
APPRECIATE IT. >>> JOINING US NOW, VICE
CHAIRMAN OF THE SELECT COMMITTEE
ON INTELLIGENCE, DEMOCRATIC
SENATOR MARK WARNER OF VIRGINIA.
HE HAS INTRODUCED A PLAN THAT
WOULD GUARANTEE PAYCHECKS FOR
WORKERS FURLOUGHED OR LAID OFF
DURING THIS CRISIS, WHICH IS
MUCH NEEDED.
MUCH NEEDED. I DO HAVE TO ASK THOSE ABOUT
SOMETHING YOU POSTED ON TWITTER
THAT WAS -- WE’LL WAIT UNTIL
LATER.
LATER. SOMETHING WITH YOU COOKING,
MARK.
MARK. I DON’T KNOW.
I WANT AN ANSWER ON THAT AT THE
END OF THIS INTERVIEW.
SO TELL US ABOUT THE PLAN -- AT
THE END BECAUSE WE MIGHT HAVE TO
LEAVE.
LEAVE. SO THE PLAN THAT YOU ARE PUTTING
ON THE TABLE FOR FURLOUGHED
WORKERS RIGHT NOW WHO AREN’T
GETTING A PAYCHECK, WOULD IT
APPLY TO THEM, HOW WOULD IT
WORK?
WORK? >> WELL, I THINK CONGRESS HAS
TRIED IN GOOD FAITH TO BLUNT
THIS, BUT WE’RE SEEING AN
ECONOMIC TSUNAMI.
ECONOMIC TSUNAMI. WHAT WE’VE ENDED UP DOING SO
FAR, WE’VE DONE A PRETTY GOOD
PROGRAM FOR THE AIRLINES AT ONE
INDUSTRY, AND EVEN WITH SOME OF
ITS FLAWS, THE PPP PROGRAM FOR
BUSINESSES 500 AND UNDER HAS
BEEN REPLENISHED.
BEEN REPLENISHED. BUT THERE IS A LOT OF FOLKS NOT
GETTING THE MONEY THROUGH PPP,
THERE IS A WHOLE LOT OF FOLKS IN
THE MIDDLE MARKET THAT ARE
GETTING NOTHING.
GETTING NOTHING. AND WE’RE SAYING LET’S TAKENOTHI
WE’RE SAYING, LET’S TAKE A STEP
BACK AND LOOK AT WHAT MAY BE
WORKING BETTER.
WORKING BETTER. IF YOU LOOK AT EUROPE, WHERE
THEY ARE DOING THIS DIRECT
PAYCHECK SUPPORT APPROACH, THEY
ARE SEEING UNEMPLOYMENT RISE
BETWEEN 2% AND 5%.
I’M SAYING LET’S NOT CRITICIZE
WHAT WE DID SO FAR, BUT LET’S
STEP BACK NOW AND GO AHEAD AND
PUT IN PLACE A PAYCHECK SUPPORT
GUARANTEE PROGRAM FOR EVERYBODY
UP AND DOWN THE FOOD CHAIN.
PAY THIS MONEY DIRECTLY.
A PERCENTAGE OF PEOPLE’S SALARY,
$90,000 AND PAY IT THROUGH THE
PAYROLL PROCESSORS.
PAYROLL PROCESSORS. GET RID OF THE MIDDLE MEN IN
TERMS OF THE BANKS AND HAVE A
MUCH MORE MASSIVE SUPPORT
SYSTEM.
SYSTEM. AND WHAT WE SEE, MIKA, I’VE GOT
SUPPORT FROM FOLKS LIKE BERNIE
SANDERS ON THE LEFT.
WE’VE GOT INTEREST -- A SIMILAR
PROPOSAL FROM JOSH HOLLEY,
REPUBLICAN SENATOR FROM MISSOURI
ON THE RIGHT.
WE’VE HAD INTEREST FROM "THE
WALL STREET JOURNAL" AND "THE
NEW YORK TIMES."
IT MAY BE A MOMENT TO SAY THE
WELL INTENTIONS OF WHAT WE’VE
DONE SO FAR, WE NEED TO GO
BIGGER, GO DIRECT AND CUT OUT
BUREAUCRACY AND MODEL IT OFF OF
WHAT SEEMS TO BE WORKING BETTER
IN EUROPE.
IN EUROPE. THAT MAY BE THE APPROACH WE
SHOULD TAKE.
SHOULD TAKE. >> RIGHT.
>> RIGHT. AND TAKING INTO CONSIDERATION
WHAT THE SCIENTISTS ARE SAYING,
I’M JUST WONDERING IF YOU ALL
HAVE A SENSE THAT THIS IS GOING
TO BE NEEDED AND PERHAPS MORE IS
GOING TO BE NEEDED GIVEN THAT,
FOR EXAMPLE, AS DR. MICHAEL
OSTERHOLM SAID PREVIOUSLY, HE’S
AN INFECTIOUS DISEASE AND
RESEARCH EXPERT ON THIS.
WE’RE IN THE SECOND INNING OF A
NINE-INNING GAME.
NINE-INNING GAME. THIS IS GOING TO BE GOING ON FOR
MONTHS AND MONTHS AT LEAST.
IS THIS SUSTAINABLE?
>> WELL, I THINK THE GOVERNMENT
HAS TO DO WHATEVER IT TAKES.
WE’RE IN UNCHARTERED TERRITORY.
THE ONE THING WE WOULD ALSO
SUGGEST THAT -- FOR PEOPLE THAT
GET THE SUPPORT AND WE WOULD
BRING PEOPLE ON FURLOUGHS BACK
TO THEIR -- RECONNECT THEM WITH
THEIR EMPLOYER SO AGAIN, THAT
WOULD GUARANTEE THE HEALTH
INSURANCE WOULDN’T GO AWAY
BECAUSE EVEN WITH THE EXPANDED
UNEMPLOYMENT BENEFITS WE’VE PUT
FORWARD, WHEN YOUSSEFER THAT
EMPLOYEE/EMPLOYER RELATIONSHIP,
EMPLOYEE/EMPLOYER RELATIONSHIP, A LOT OF FOLKS LOSE THEIR HILT
INSURANCE.
INSURANCE. AND IT WOULD BE CORRECTING
WHAT’S PARTIALLY THE PROBLEM
WITH THE PPP PROGRAM WHERE YOU
SEE COMPANIES THAT MAY BE PNL
COMPANIES THAT MAY NOT HAVE THE
NEED OR HAVE NOT SHOWN ECONOMIC
LOSS GETTING FUNDS WHICH FRANKLY
MAKES A LOT OF FOLKS RIGHTFULLY
VERY ANGRY.
VERY ANGRY. I THINK THE TREASURY SECRETARY
IS GOING TO TRY TO CLARIFY THAT
THIS MORNING.
THIS MORNING. HE’S BEEN WORKING HIS TAIL OFF.
I DON’T ALWAYS AGREE WITH THE
TRUMP ADMINISTRATION BUT I THINK
STEVE MNUCHIN HAS BEEN WORKING
HIS TAIL OFF ON THIS.
ONE THING WE’D PUT FORWARD WITH
OUR NEW INITIATIVE IS A
REQUIREMENT THAT YOU HAVE TO
DEMONSTRATE AT LEAST 20% REVENUE
LOSS.
LOSS. WE NEED TO DO ALL WE CAN TO HELP
THOSE IN NEED, BUT I THINK MOST
AMERICANS ARE RIGHTFULLY ANGRY
WHEN THEY READ ABOUT PUBLIC
COMPANIES OR COMPANIES DOING
FINE GETTING, FOR EXAMPLE, THIS
PPP MONEY.
PPP MONEY. >> WILLIE?
>> WILLIE? >> SENATOR WARNER, IT’S WILLIE
GEIST.
GEIST. YOU ANTICIPATED MY NEXT
QUESTION.
QUESTION. THERE’S A LOT OF SMALL
BUSINESSES WHO COULDN’T GET A
PIECE OF THE PPP IN THE FIRST
ROUND BUT SAW BIG NATIONAL
RESTAURANT CHAINS GETTING
MILLIONS OF DOLLARS.
PUBLICLY TRADED COMPANIES
GETTING MILLIONS OF DOLLARS.
IN THIS NEW STIMULUSYSTEMTIMULUS
THE PROBLEM BEEN RECTIFIED?
WILL IT GOES TO THE BUSINESSES
WHO NEED IT AS AN EXISTENTIAL
REASON?
REASON? IF THEY CAN’T SURVIVE THIS MONTH
IF THEY DON’T GET THE MONEY?
>> THAT’S OUR INTENT.
THAT’S WHAT TOOK US AN EXTRA
WEEK TO GET NEGOTIATED.
AT THE END OF THE DAY IT WAS A
BIPARTISAN AGREEMENT, LET ME BE
CLEAR, BUT WE NEEDED TO CORRECT
SOME OF THE PROBLEMS IN THE
INITIAL PPP.
INITIAL PPP. THERE’S $60 BILLION SET ASIDE
FOR VERY SMALL BUSINESSES, FOR
MINORITY OWNED BUSINESSES, FOR
FOLKS WHO DIDN’T GET ACCESS THE
FIRST TIME.
FIRST TIME. MATTER OF FACT, I WAS JUST DOING
SOME SPANISH RADIO AND IN THE
HISPANIC COMMUNITY, A LOT OF
BUSINESSES HAVE PRIDED
THEMSELVES ON THE FACT THEY’VE
SAVED MONEY TO START THEIR
BUSINESS AND DIDN’T GO GET A
LOAN AND NOW THEY ARE GETTING
CRITICIZED BECAUSE THEY DIDN’T
HAVE A BANKING RELATIONSHIP.
SO WE NEED TO CORRECT THAT.
$60 BILLION IS PUT ASIDE.
$10 BILLION ADDITIONAL AS WELL
FOR THE EMERGENCY DIRECT LOANS.
THAT QUICK SHOT OF $10,000.
THAT SHOULD BE ABLE TO GET OUT
QUICKER.
QUICKER. AND I DO THINK THE TREASURY
SECRETARY IS GOING TO PUT OUT
SOME GUIDANCE TODAY TO MAKE
EXPLICITLY CLEAR THAT IF YOU ARE
A PUBLIC COMPANY AND YOU GOT
MONEY ON YOUR BALANCE SHEET IF
YOU GOT ACCESS TO OTHER CAPITAL,
IF YOU’VE NOT SEEN AN ECONOMIC
LOSS, I KNOW UNFORTUNATELY
FRIENDS OF MINE WHO GOT THIS
MONEY WHO HAVE MONEY MANAGEMENT
FIRMS.
FIRMS. THEY’RE NOT HURTING AT ALL BUT
HE’LL TRY TO CLARIFY THERE WILL
BE PENALTIES IF YOU HAVE OTHER
ACCESS TO CAPITAL AND YOU’RE
GOING FOR THIS EMERGENCY RELIEF.
>> LET’S MOVE FROM THE ECONOMY
TO THE INTEL COMMITTEES.
THIS PAST WEEK, THE PRESIDENT OF
THE UNITED STATES CALLED MEMBERS
OF OUR INTEL COMMUNITY SCUM.
CALLED PEOPLE IN THE FBI SCUM.
IN HELSINKI, OF COURSE, YOU’LL
REMEMBER HIM TELLING THE PRESS
THAT HE TRUSTED THE WORDS OF
VLADIMIR PUTIN MORE THAN
AMERICA’S INTELLIGENCE
AMERICA’S INTELLIGENCE COMMUNITY.
COMMUNITY. THAT THERE HAD BEEN A POLITICAL
GRUDGE AGAINST HIM AND THAT THE
INTEL COMMUNITY ACTED
IMPROPERLY.
IMPROPERLY. THE SENATE INTEL COMMITTEE,
REPUBLICAN LED, BUT ONE THAT YOU
HAD WORKED VERY CLOSELY AS
RANKING MEMBER WITH THE
CHAIRMAN, CAME OUT WITH A
UNANIMOUS REPORT THIS WEEK THAT
EVERYTHING THE PRESIDENT SAID
ENDED UP BEING A LIE ABOUT
POLITICAL MOTEIVATIONS THAT, YES
THE FBI MADE MISTAKES.
YES, THERE WERE MISTAKES MADE IN
THE FISA PROCESS, BUT THERE DID
NOT SEEM TO BE A POLITICAL AX TO
GRIND BY ANYBODY IN THE FBI.
CAN YOU TALK ABOUT THAT REPORT
THAT UNANIMOUS DECISION BY
REPUBLICANS AND DEMOCRATS ALIKE?
>> JOE, THIS WAS THE RESULT OF
THREE YEARS OF WORK.
THIS WAS 158-PAGE REPORT THAT
CONFIRMED THAT THE INTELLIGENCE
COMMUNITY WHEN THEY MADE THEIR
ASSESS BMTMENT ABOUT WHAT HAPPEN
IN 2016, ON THE DIRECT ORDERS OF
VLADIMIR PUTIN, THE RUSSIANS
INTERVENED IN OUR ELECTIONS.
THEY DID IT TO HELP DONALD TRUMP
CANDIDATE.
CANDIDATE. THEY DID IT TO, FRANKLY, HURT
HILLARY CLINTON CANDIDATE.
WE SAID THAT BEFORE.
THIS WAS THE FULL REPORT THAT
COMES OUT ON THAT.
IT WAS UNANIMOUS, AND WE GO FROM
THE FAR RIGHT TO THE FAR LEFT ON
OUR COMMITTEE.
OUR COMMITTEE. WE HAVE ONE MORE VERSION OF THAT
REPORT THAT WILL COME OUT THAT
WILL GO INTO GREAT DETAIL.
900 PAGES.
900 PAGES. IT’S GOING THROUGH ITS SECURITY
CLEARANCE REVIEW NOW.
THAT WILL GO THROUGH IN EXPLICIT
DETAIL THE CONNECTIONS BETWEEN
THE TRUMP CAMPAIGN AND AGENTS OF
RUSSIA.
RUSSIA. THAT WILL COME AT SOME POINT
ONCE IT’S GOTTEN APPROPRIATE
CLEARANCE.
CLEARANCE. AND THE BIGGER QUESTION THAT
YOU’RE RAISING, JOE, AND ONE I’M
SO CONCERNED AT WITH OUR
APPROPRIATE FOCUS ON COVID-19 IS
THAT WE ARE SEEING A HOLLOWING
OUT OF OUR INTELLIGENCE
COMMUNITY.
COMMUNITY. I WROTE AN OP-ED WHERE I POINTED
OUT THAT LITERALLY WITHIN THE
DIRECTOR OF INTELLIGENCE OFFICE
RIGHT NOW THERE’S NOT A
SENATE-CONFIRMED HIGH RANKING
OFFICIAL.
OFFICIAL. THE ABILITY OF THE INTELLIGENCE
COMMUNITY TO SPEAK TRUTH TO
POWER IS BEING UNDERMINED BY
THIS ADMINISTRATION, BY THIS
PRESIDENT, AND, FRANKLY, HE’S
GOT A POLITICAL APPOINTEE AS AN
ACTING DIRECTOR RIGHT NOW THAT’S
TRYING TO HOLLOW OUT THAT
INDEPENDENCE.
INDEPENDENCE. AND COUNTRIES ARE -- OUR COUNTRY
IS WEAKENED IF THE INTELLIGENCE
COMMUNITY CANNOT SPEAK TRUTH TO
POWER.
POWER. THEIR OBLIGATION TO TELL THE
PRESIDENT THE TRUTH, THE
CONGRESS THE TRUTH REMAINS, AND
I FEAR THAT’S BEING UNDERMINED.
>> SO SENATOR, THANK YOU.
EVERYTHING YOU’RE SAYING MAKES
SO MUCH SENSE AND, OF COURSE, IS
SO CREDIBLE, BUT THEN WHAT ARE
WE SUPPOSED TO DO WITH THIS?
TAKE A LOOK.
>> WHAT I’M ABOUT TO PREPARE
WHAT I GREW UP ON.
I LEARNED TO MAKE IT VERY, VERY
YOUNG.
YOUNG. IT IS TRULY MY REAL SPECIALTY.
SO TODAY WE’RE GOING TO CREATE A
TUNA MELT.
TUNA MELT. FIRST OF ALL, TWO PIECES OF
BREAD.
BREAD. PUT THEM OUT ON THE PLATE.
OPEN UP THE MAYONNAISE.
I LIKE MAYO.
MY KIDS HATE MAYO, BUT MAKE SURE
YOU GET PLENTY ON BOTH SIDES.
NEXT COMES THE IMPORTANT PART.
THE TUNA.
THE TUNA. YOU NEED A HEATING DEVICE.
I’M GOING WITH THE MVP 5.
>> OH, MY GOD.
THAT’S JUST A LOT OF MAYO.
>> WHAT DO WE MAKE OF THIS,
SENATOR.
SENATOR. >> WE’RE TALKING ABOUT A HEALTH
CARE CRISIS.
CARE CRISIS. YOU ARE A WALKING PANDEMIC.
WHAT’S GOING ON HERE?
>> I JUST -- I JUST GOT TO TELL
YOU, I’M NOT SURE ALL OF THE
VIEWERS KNOW, BUT JOE, MIKA AND
I WERE ALL ON -- JUDGES ON "TOP
CHEF" A FEW YEARS BACK.
>> WORST JUDGE I’VE EVER SEEN IN
MY LIFE.
MY LIFE. >> ONCE I PUT THAT SPECIALTY
OUT, TOM KALIKIO THE OTHER DAY
SAID PACK UP YOUR KNIVES,
WARNER.
WARNER. I DID THIS VIDEO.
I’M SEEING ALL THESE OTHER
POLITICIANS SING A SONG OR MAKE
THEIR MOM’S FAVORITE BROWNIE
RECIPE.
RECIPE. I THOUGHT I’D HAVE A LITTLE FUN.
MATTER OF FACT, WHEN WEATHER IT
WAS
WAS -- WHETHER IT WAS THE MAYO, THE
MICROWAVE, NOT DROWNING THE
TUNA, I GOT MORE ATTENTION ABOUT
THAT VIDEO THAN MY WHOLE
PAYCHECK SECURITY PROGRAM OR MY
WHOLE OP-ED ON THE INTEL
COMMUNITY, SO WHO KNOWS?
>> WILLIE, THE WRONG KIND OF
MAYO CLINIC HERE.
>> THAT WAS SO GROSS.
I DON’T KNOW.
SENATOR, I GET THE WHOLE THING
THAT HAPPENED ON "TOP CHEF" NOW,
THAT THING YOU DID.