CSPAN — Public Affairs Events 20260920 020900 UTC 1172 transcript segments Original Broadcaster Captioning (Enhanced) Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] IN THE WORLD BY FAR. OUR COUNTRY IS BOOMING. [00:00:07] IF WE STOP TRADING WITH EVERY COUNTRY WE HAVE A DEFICIT WITH, [00:00:09] WE WOULD MAKE AT LEAST 1.5 [00:00:13] BILLION -- $1.5 TRILLION A YEAR. [00:00:17] WE ARE CARRYING ALMOST EVERY COUNTRY IN THE WORLD AND THAT [00:00:19] CANNOT GO ON ANY LONGER. [00:00:24] LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST. [00:00:27] >> JOINING US WITH MORE ON THE FEDERAL RESERVE RAISING INTEREST [00:00:31] RATES A QUARTER OF A PERCENTAGE [00:00:33] POINT IS THE FINANCE REPORTER FOR THE HILL. [00:00:38] THANKS FOR BEING WITH US. THE FIRST INTEREST RATES INCREASE IN OVER TWO YEARS. [00:00:42] WHAT REASONS DID THE FED GIFT FOR THIS MOVE? [00:00:46] >> WE HEARD A BIT FROM FED [00:00:48] RESERVE CHAIR WARSH EARLIER. [00:00:52] THEY HAVE BEEN POINTING TO INFLATION THAT WE SAW SPIKE AFTER THE PANDEMIC. [00:00:58] BUT IT WAS COMING DOWN. [00:00:59] IT HAD GOTTEN STUFF AROUND 3% TO [00:01:03] 4% IN RECENT MONTHS AMID THE WAR WITH IRAN AND IS NOT REALLY GOING DOWN BACK TO THE FED IDEAL [00:01:07] RATE FOR INFLATION WHICH IS [00:01:08] AROUND 2%. [00:01:12] SO THEY POINTED TO THAT STUBBORN INFLATION LARGELY FOR THIS [00:01:14] INTEREST RATE HIKE. >> THE STOCK MARKET FELL TODAY AFTER THE NEWS. [00:01:18] WHY? >> IT'S A LITTLE HARD TO DRILL [00:01:21] DOWN EXACTLY WHAT IS DRIVING THAT. [00:01:25] IT COULD BE THAT THEY WERE [00:01:27] SOMEWHAT DISAPPOINTED BY [00:01:33] WARSH' SIGNALING THAT INFLATION IS A PROBLEM FOR THE FED AND [00:01:37] SOMETHING THEY WILL HAVE TO [00:01:38] TACKLE GOING FORWARD. [00:01:43] THE OTHER KEY THING WE SAW WAS THAT FEDERAL RESERVE OFFICIALS ARE LARGELY PREDICTING ANOTHER RATE THIS YEAR OR PROJECTING [00:01:47] ANOTHER RATE HIKE THIS YEAR. [00:01:49] SO THAT MIGHT ALSO BE WEIGHING [00:01:51] ON THE MARKET A BIT TODAY. >> I WAS GOING TO ASK YOU ABOUT [00:01:54] THAT. [00:01:56] CHAIR WARSH HAS SAID HE DOES NOT FAVOR FORWARD GUIDANCE, BUT WE GOT THESE CLUES. [00:02:00] WHAT IS THE DIFFERENCE BETWEEN THE TWO? [00:02:02] >> I THINK THAT THIS IS STILL [00:02:07] CONSIDERED A FORMER FORWARD GUIDANCE, STANDARD ECONOMIC PROJECTIONS WE GET EVERY FEW [00:02:11] MONTHS WITH THE FED RATE DECISION. [00:02:14] WE WILL HAVE TO SEE WHETHER HE CONTINUES TO GO FORWARD WITH THOSE. [00:02:18] HE HAS SEVERAL TASKFORCES THAT [00:02:20] ARE EXAMINING HOW TO COMMUNICATE [00:02:22] GOING FORWARD, BUT THEY ARE SO [00:02:27] FAR STILL PRODUCING THESE PROJECTIONS. [00:02:31] HE OF COURSE HAS ABSTAINED FROM OFFERING HIS OWN TAKE IN EACH OF THE LAST PROJECTIONS THEY PUT [00:02:34] OUT. [00:02:38] >> TODAY'S VOTE TO RAISE RATES WAS UNANIMOUS. THE PAST COUPLE OF FED MEETINGS [00:02:42] HAD DISSENTS. IS THERE A CHANGE IN HOW THEY [00:02:44] ARE OPERATING? [00:02:49] >> IT SEEMS LARGELY SIMILAR. [00:02:50] I THINK THE DEFENSE WE SAW THE [00:02:56] -- THE DISSENTS WE SAW THE LAST COUPLE MEETINGS WERE THOSE FAVORING RATE HIKES AND WANTED [00:02:59] TO HIKE UP RATES BECAUSE OF INFLATION WE HAVE SEEN RECENTLY. [00:03:02] THIS TIME SINCE WE SAW THE REST [00:03:04] OF THE BOARD GET ON BOARD WITH A [00:03:07] RATE HIKE, IT WAS UNANIMOUS. I THINK A LOT OF DECISIONS TEND [00:03:11] TO BE UNANIMOUS. WE HAVE ONLY SEEN SOME OF THAT [00:03:14] DISSENT CREEP UP IN THE LAST COUPLE OF MEETINGS RECENTLY. [00:03:28] >> AFTER A LOOK AT THE NEWS AND VIEWER CALLS, WE WILL WELCOME [00:03:31] THE FORMER TRADE COMMISSIONER [00:03:33] AND ACTING CHIEF TECHNOLOGIST FOR THE TRUMP ADMINISTRATION TO [00:03:37] THE SHOW. HE WILL DISCUSS OVERSIGHT OF THE [00:03:41] BURGEONING AI INDUSTRY. AND LATER, THE PROFESSOR WILL [00:03:45] JOIN US TO TALK ABOUT VOTING RIGHTS AND THE UPCOMING MIDTERM ELECTIONS. [00:03:49] OUR SHOW STARTS TOMORROW AND EVERY DAY AT 7:00 A.M. EASTERN [00:03:53] ON C-SPAN, ONLINE AT C-SPAN.ORG, [00:03:58] OR WITH THE FREE C-SPAN NOW VIDEO APP. [00:04:00] >> ON SUNDAY, NEBRASKA [00:04:04] REPUBLICAN SENATOR PETE RICKETTS [00:04:07] ATTENDS HIS STATE'S ANNUAL STEAK [00:04:10] FRY TO CAMPAIGN. [00:04:14] SPEAKERS THIS YEAR INCLUDE [00:04:18] KENNEDY. [00:04:22] WATCH IT ONLINE AND ON OUR FREE C-SPAN NOW VIDEO APP. [00:04:33] >> THE UNITED STATES HOUSE OF REPRESENTATIVES IS UP FOR GRABS [00:04:36] ALONG WITH 33 U.S. SENATE RACE AND THE OUTCOME OF BOTH COULD [00:04:41] RESHAPE THE BALANCE OF POWER IN WASHINGTON. [00:04:44] VOTERS WILL DECIDE 36 GUBERNATORIAL CONTESTS. [00:04:47] FROM THE CAMPAIGN TRAIL TO [00:04:49] ELECTION NIGHT, FOLLOW CAMPAIGN 2026 ON THE C-SPAN NETWORKS. [00:04:54] C-SPAN, BRINGING YOU DEMOCRACY UNFILTERED. [00:04:56] >> GET C-SPAN WHEREVER YOU ARE [00:05:00] WITH C-SPAN NOW, OUR FREE MOBILE [00:05:02] VIDEO APP, THAT PUTS YOU AT THE [00:05:06] CENTER OF DEMOCRACY LIVE AND ON-DEMAND. [00:05:08] KEEP UP WITH THE BIGGEST EVENTS WITH LIVESTREAMS OF FLOOR [00:05:11] PROCEEDINGS AND HEARINGS FROM THE U.S. CONGRESS, WHITE HOUSE [00:05:14] EVENTS, THE COURTS, CAMPAIGNS, [00:05:17] AND MORE FROM THE WORLD OF POLITICS ALL AT YOUR FINGERTIPS. [00:05:21] CATCH THE LATEST EPISODES OF "WASHINGTON JOURNAL." [00:05:25] FIND SCHEDULING INFORMATION FOR C-SPAN'S TV AND RADIO NETWORKS, [00:05:29] PLUS A VARIETY OF COMPELLING PODCASTS. [00:05:31] THE C-SPAN NOW APP IS AVAILABLE IN THE APPLE STORE AND GOOGLE PLAY. [00:05:36] DOWNLOAD IT FOR FREE TODAY. C-SPAN, DEMOCRACY UNFILTERED. [00:05:43] >> ATTENTION, BOOK LOVERS. [00:05:47] C-SPAN HAS A NUMBER OF PODCASTS FOR YOU. [00:05:52] LISTEN TO BEST-SELLING AUTHORS. [00:05:56] HEAR WIDE-RANGING CONVERSATIONS WITH NONFICTION AUTHORS AND OTHERS MAKING THINGS HAPPEN. [00:06:02] AND WEEKLY HOUR-LONG CONVERSATIONS THAT REGULARLY FEATURE FASCINATING AUTHORS OF [00:06:06] NONFICTION BOOKS ON A WIDE VARIETY OF TOPICS. [00:06:10] FIND ALL OF OUR PODCASTS BY DOWNLOADING THE FREE C-SPAN NOW [00:06:13] APP OR WHEREVER YOU GET YOUR [00:06:16] PODCASTS AND ON OUR WEBSITE, C-SPAN.ORG/PODCASTS. [00:06:20] >> NEXT, FORMER PRESIDENT BARACK [00:06:24] OBAMA JOINS COLGATE UNIVERSITY [00:06:29] PRESIDENT BRIAN CASEY FOR A FIRESIDE CHAT. TOPICS INCLUDE THE CURRENT DEBATE ON ARTIFICIAL [00:06:33] INTELLIGENCE, REASONS FOR HOPE, AND A CALL TO ENGAGE IN OUR DEMOCRACY. [00:06:37] FROM HAMILTON, NEW YORK, THIS RUNS ABOUT ONE HOUR AND 10 MINUTES. [00:06:42] [APPLAUSE] [00:06:48] >> ♪ [00:07:11] >> I DON'T WANT TO MILK THIS TOO MUCH. [LAUGHTER] [00:07:16] IT IS GOOD TO SEE YOU, COLGATE! [APPLAUSE] [00:07:22] AND WHOEVER WAS IN CHARGE OF ARRANGING THE WEATHER, GOOD JOB! [00:07:27] BUT I AM NOT FOOLED. [LAUGHTER] [00:07:31] I KNOW IT IS GOING TO GET A LITTLE COLDER AROUND HERE. [00:07:36] >> WELCOME TO COLGATE, MR. PRESIDENT. [00:07:38] >> THANK YOU SO MUCH, MR. PRESIDENT, GREAT TO SEE YOU. [00:07:45] >> NOW THAT WE HAVE ESTABLISHED PARITY, WE CAN BEGIN THE CONVERSATION. [00:07:48] WE WILL HAVE AN HOUR TOGETHER IN WHICH WE WILL TALK ON A NUMBER OF TOPICS. [00:07:53] BUT WHAT I HAVE TO SAY IS EVER SINCE WE ANNOUNCED YOU WERE [00:07:57] COMING, THE ONE QUESTION THAT [00:08:00] HAS COME AT ME AS I WALK ACROSS [00:08:02] THE CAMPUS, THE ONE QUESTION [00:08:05] EVERYONE HAS IS, HOW IS MICHELLE [00:08:10] OBAMA? >> WELL, UH -- [APPLAUSE] [00:08:14] LOOK. LISTEN, I UNDERSTAND I AM YOUR [00:08:18] SECOND CHOICE. [LAUGHTER] I GET IT. [00:08:22] IN THE POPULARITY RANKINGS IN [00:08:25] THE OBAMA HOUSEHOLD, I AM LAST. [00:08:29] [LAUGHTER] THIS WAS A TOUGH WEEK. [00:08:33] SOME PEOPLE ARE AWARE. [00:08:35] WE LOST OUR DOG SUNNY THIS WEEK. [00:08:40] WE WERE TALKING ABOUT IT BACKSTAGE BECAUSE YOU HAVE AN OLDER DOG. [00:08:44] AND I ALSO KNOW THERE ARE PARENTS HERE. [00:08:48] THE CONNECTION YOU HAVE WITH [00:08:50] YOUR PETS ARE OBVIOUSLY REALLY IMPORTANT. [00:08:56] WHEN THEY ARE PETS WHO GREW UP WITH YOUR KIDS, THEY ARE MORE [00:08:58] THAN JUST -- IT IS NOT JUST THAT YOU LOVE THEM. [00:09:04] THEY ARE A REPOSITORY OF MEMORIES YOU HAVE WITH YOUR [00:09:08] CHILDREN AS THEY WERE GROWING UP, AND THE PASSAGE OF TIME. [00:09:11] THAT HAS BEEN A LITTLE TOUGH ON MICHELLE. [00:09:16] OTHERWISE, SHE IS LIVING HER BEST LIFE. [00:09:19] SHE IS WORKING WITH OUR [00:09:23] FOUNDATION AROUND EMPOWERING YOUNG WOMEN AND GIRLS. [00:09:27] SHE IS DOING A PODCAST AND LOOKING CUTE. [LAUGHTER] [00:09:34] AND THE FACT THAT SHE HAS NOT [00:09:38] KICKED ME TO THE CURB I AM GRATEFUL FOR. [LAUGHTER] [00:09:42] >> IT IS EARLY. >> IT IS EARLY. [00:09:46] IT IS NOT THAT EARLY. WE CELEBRATE 35 YEARS THIS YEAR. [00:09:49] >> CONGRATULATIONS. [APPLAUSE] [00:09:52] >> I FEEL LIKE I AM AT THE STAGE [00:09:55] WHERE HER RETRAINING ANOTHER [00:09:58] GUY, NOT WORTH THE EFFORT. [LAUGHTER] [00:10:02] SHE MIGHT AS WELL JUST RIDE IT OUT. [00:10:08] >> CAN SAY SHE IS SETTLING. [00:10:11] I SHOULD CONGRATULATE YOU BOTH ON THE OPENING OF THE OBAMA CENTER. [00:10:15] >> THANK YOU VERY MUCH. [APPLAUSE] [00:10:18] WE WERE TAKING SOME PHOTOGRAPHS BACKSTAGE. A NUMBER OF PEOPLE HAD ALREADY [00:10:22] GONE TO VISIT. FOR THOSE OF YOU, IF YOU GET A [00:10:28] CHANCE, IN CHICAGO, I THINK YOU WILL ENJOY IT. [00:10:34] BECAUSE IT IS NOT JUST THE STORY ABOUT OUR PRESIDENCY. [00:10:39] THE MUSEUM TELLS THE STORY ABOUT AMERICA. AND THE GOAL IS TO CREATE A [00:10:44] CAMPUS AROUND WHICH WE CAN LEARN [00:10:46] FROM EACH OTHER ABOUT HOW TO [00:10:50] BRING ABOUT POSITIVE SOCIAL CHANGE. [00:10:54] NOT JUST IN THIS COUNTRY BUT INTERNATIONALLY. THAT IS A LOT OF WHAT OUR [00:10:58] PROGRAM IS ABOUT. >> SEEMS VERY EXCITING, LOOKS VERY BEAUTIFUL. [00:11:02] YOU MUST BE RELIEVED AND THRILLED. [00:11:04] >> YOU HAVE BEEN THROUGH CAPITAL THINGS. [00:11:07] >> I BUILT SOME BUILDINGS. [00:11:09] >> THEY ARE A LOT BETTER WHEN YOU ARE ON THE OTHERS OF THEM. [00:11:13] >> I AM LOOKING FORWARD TO THAT DAY. [LAUGHTER] [00:11:17] THE FIRST COUPLE OF QUESTIONS I [00:11:19] HAVE, I WOULD LIKE TO INVITE YOU [00:11:22] TO REFLECT ON YOUR PRESIDENCY AND YOUR TIME THERE. [00:11:27] BEFORE YOU BECAME PRESIDENT OF THE UNITED STATES, YOU TAUGHT [00:11:31] CONSTITUTIONAL LAW AT THE UNIVERSITY OF CHICAGO. [00:11:33] YOU WERE A COMMUNITY ORGANIZER, A U.S. SENATOR, YOU ALSO WERE IN [00:11:37] THE ILLINOIS HOUSE. [00:11:39] IN ALL OF THOSE POSITIONS, YOU START LEARNING ABOUT AMERICA. [00:11:43] YOU BUILD CONCEPTIONS OF WHAT AMERICA IS AND WHAT AMERICANS [00:11:47] ARE LIKE. PUT THE PRESIDENCY MUST REVEAL SOMETHING ABOUT THE NATION AND [00:11:50] ITS PEOPLE THAT ALL THOSE OTHER POSITIONS WOULD NOT HAVE SHOWN. [00:11:55] FOR GOOD OR ILL, WHAT DID THAT [00:11:58] SEAT SHOW YOU ABOUT THE NATION AND ITS PEOPLE? [00:12:02] >> IT IS A GREAT QUESTION. [00:12:06] I PREFACE IT BY SAYING THIS. [00:12:10] I HAD THE ADVANTAGE OF SERVING [00:12:13] IN THE ILLINOIS SENATE FOR A WHILE. [00:12:20] AND IS AN INTERESTING STATE BECAUSE DEMOGRAPHICALLY IT IS ABOUT AS REPRESENTATIVE OF AMERICA AS ANY [00:12:24] STATE. [00:12:28] IT DOES NOT JUST REFLECT SORT OF THE RACIAL MAKEUP OF THE [00:12:31] COUNTRY, BUT IT IS ALSO URBAN, [00:12:35] RURAL, AND NORTH AND SOUTH. [00:12:38] IF YOU GO TO SOUTHERN ILLINOIS, [00:12:41] IT IS MUCH CLOSER TO KENTUCKY [00:12:45] THAN IT IS TO CHICAGO, [00:12:49] CULTURALLY AS WELL AS GEOGRAPHICALLY. [00:12:53] SPENDING TIME IN THE STATE LEGISLATURE THERE, YOU ARE [00:12:57] MEETING FOLKS FROM THE INNER CITY BUT YOU ARE ALSO MEETING [00:13:01] HOG FARMERS AND BEAN FARMERS [00:13:07] AND GETTING A SENSE OF THE DIVERSITY OF THE COUNTRY. [00:13:08] AND CAMPAIGNING, PARTLY BECAUSE [00:13:12] I HAD SUCH A LONG PRIMARY, WHICH [00:13:15] AT THE TIME, I WILL NOT SAY I [00:13:17] WAS THRILLED WITH GRINDING IT OUT FOR 18 MONTHS. [00:13:22] BUT IT DID HAVE THE BENEFIT OF ME CAMPAIGNING IN EVERY STATE, [00:13:24] WHICH IS RARE, BECAUSE THESE [00:13:28] DAYS, THINGS GET SO DIVIDED. THAT IS A RED STATE, THAT IS A BLUE STATE. [00:13:33] WE REALLY WENT EVERYWHERE. IDAHO AND MISSISSIPPI. [00:13:37] I THINK THE ONLY STATE WE DID NOT GO TO WAS ALASKA DURING THE CAMPAIGN. [00:13:41] I HAD GOTTEN A SENSE OF WHAT THE COUNTRY WAS LIKE FROM THAT PROCESS. [00:13:48] AND GOING INTO THE PRESIDENCY, MY CONCLUSION HAS ALWAYS BEEN [00:13:51] AND WAS AFFIRMED, THIS IS A [00:13:55] REALLY BIG COUNTRY. IT IS REALLY COMPLICATED. [00:13:59] YOU HAVE GOT PEOPLE WHOSE [00:14:03] ANCESTRY IS ROOTED IN EVERY CORNER OF THE GLOBE. [00:14:10] THERE IS A CERTAIN OPTIMISM, A [00:14:15] CERTAIN CHARACTER OF NEIGHBORLINESS. [00:14:23] THE THING THAT STRIKES YOU WHEN YOU TRAVEL AROUND THE COUNTRY IS [00:14:28] THAT WE ARE NOT AS DIVIDED AS [00:14:29] OUR POLITICS OR OUR MEDIA WOULD SUGGEST. [00:14:35] NOW, THAT IS A PROBLEM STRUCTURALLY. [00:14:40] THERE ARE REASONS WHY OUR POLITICS DIVIDES US, WHETHER IT [00:14:44] IS GERRYMANDERING OR [00:14:49] UNRESTRICTED CAMPAIGN SPENDING AND NEGATIVE ADS. [00:14:54] AND THERE IS ALSO STRUCTURAL REASONS WHY THE MEDIA DIVIDES [00:14:57] US, BECAUSE IN THE SOCIAL MEDIA [00:14:59] WORLD NOW WE ARE ALL SILOED OFF [00:15:04] AND WE ARE EACH PUSHED TOWARDS A VERY PARTICULAR VISION OF THE [00:15:08] WORLD, OFTEN FED BY FEAR. THAT MAKES US MISS TRUST EACH [00:15:12] OTHER. [00:15:15] WHEN YOU ARE ON THE GROUND, WHAT [00:15:18] IS STRIKING IS, I REMEMBER THE [00:15:22] FIRST TIME I STARTED CAMPAIGNING IN IOWA. [00:15:26] THERE IS A LOT OF CORN THERE. [LAUGHTER] [00:15:31] THAT STEREOTYPE IS TRUE. YOU WILL GO INTO A RURAL [00:15:33] COMMUNITY IN IOWA AND DISCOVER [00:15:36] HERE IS A TOWN THAT WAS FOUNDED [00:15:41] BY HIPPIES. [00:15:46] AND THERE IS AN ORTHODOX COMMUNITY FROM A JEWISH [00:15:49] COMMUNITY, LIVING SIDE-BY-SIDE WITH A BUNCH OF FARMERS. [00:15:54] AND PEOPLE WORK TOGETHER. [00:15:58] AND THEY EXTEND GRACE TOWARDS EACH OTHER IN WAYS THAT YOU DO [00:16:02] NOT SEE IN YOUR DOOM SCROLLING. [00:16:08] AND SO, THAT I THINK WAS [00:16:12] SOMETHING I CAME TO APPRECIATE [00:16:14] EVEN MORE WHEN I WAS IN OFFICE. [00:16:19] JUST TWO OTHER THINGS I WOULD SAY ARE WORTH NOTING. [00:16:24] THIS HAS LESS TO DO WITH THE AMERICAN PEOPLE THAN THE ROLE [00:16:28] OF AMERICA, THE VANTAGE POINT THAT YOU GET. [00:16:32] THE FIRST IS THAT OUR GOVERNMENT [00:16:37] IS VAST AND OUR SYSTEM OF [00:16:40] GOVERNMENT IS DELIBERATELY SET UP TO DECENTRALIZE POWER. [00:16:45] IT IS VERY HARD TO MAKE THAT [00:16:46] THING WORK IF YOU HAVE THE [00:16:52] LEVELS OF MISTRUST WE CURRENTLY [00:16:55] HAVE IN OUR SYSTEM, PARTICULARLY [00:16:59] BETWEEN THE PARTIES. [00:17:02] AND THE OTHER THING THAT IS STRIKING IS THE DEGREE TO WHICH [00:17:06] AMERICA UP UNTIL RECENTLY REALLY [00:17:11] DID UNDERWRITE THE GLOBAL ORDER [00:17:15] IN WAYS THAT YOU SORT OF [00:17:18] UNDERSTAND, BUT IT IS NOT UNTIL YOU GET INTO THE OFFICE THAT YOU [00:17:22] REALIZE SO MUCH OF WHAT WE TAKE [00:17:24] FOR GRANTED ABOUT FREEDOM OF [00:17:27] NAVIGATION OR THE GLOBAL NATURE [00:17:32] OF THE INTERNET OR HOW WE [00:17:38] RESPOND WHEN THERE IS A NATURAL DISASTER SOMEWHERE IN THE WORLD [00:17:41] OR HOW WE SET AN AGENDA TO DEAL [00:17:45] WITH CERTAIN SECURITY ISSUES. [00:17:51] EVEN OUR ADVERSARIES OFTEN [00:17:52] EXPECT US TO SOLVE BIG PROBLEMS [00:17:55] THAT CROSS NATIONAL BOUNDARIES. [00:18:00] THAT IS SOMETHING WE SHOULD BE PROUD OF. BUT IT IS ALSO SOMETHING WE [00:18:04] SHOULD FEEL SOME RESPONSIBILITY [00:18:07] FOR, BECAUSE WHEN WE DO NOT GET [00:18:10] THINGS RIGHT, WHEN WE ARE NOT [00:18:14] OUR BEST SELVES, THE WHOLE [00:18:18] WORLD GETS A LITTLE DIMMER. [00:18:21] AND WHEN WE STAND UP FOR VALUES LIKE HUMAN RIGHTS OR FREEDOM OF [00:18:25] SPEECH OR EXPRESS CONCERN AND [00:18:31] ARE PROACTIVE AROUND ISSUES LIKE CLIMATE CHANGE, THEN NOT [00:18:36] EVERYBODY GOES ALONG 100% BUT [00:18:41] THE WORLD LEANS INTO A BETTER DIRECTION. [00:18:45] >> I WANT TO PICK UP ON [00:18:49] SOMETHING. [00:18:52] YOU WERE TALKING ABOUT THE AMERICAN PEOPLE GAVE YOU A SENSE OF HOPE THAT THEY WERE NOT AS DIVIDED. [00:18:57] BUT THEN YOU ARE TALKING ABOUT HOW FEAR IS WORKING THESE DAYS. [00:19:02] THE PRESIDENT OF THE UNITED [00:19:04] STATES, IN SOME WAYS, HE SETS [00:19:07] THE EMOTIONAL WEATHER FOR THE NATION. [00:19:10] AN OPTIMISTIC PRESIDENT CAN [00:19:13] CREATE A SENSE OF OPTIMISM NOT ONLY ABOUT THE PRESIDENT BUT THE NATION. [00:19:20] HOW THE WORLD SEES THE UNITED STATES CAN BE DRIVEN BY THE [00:19:22] BEHAVIOR OF THE PRESIDENT, WHAT [00:19:25] YOU HONOR, WHAT YOU DIGNIFY, [00:19:27] WHAT YOU DERIDE, WHAT YOU NOTICE, WHAT YOU DON'T NOTICE. [00:19:32] WHEN DID YOU FEEL THAT WHEN YOU CAME INTO THE OFFICE? [00:19:37] WHAT DID YOU DO WITH THAT [00:19:39] RESPONSIBILITY, THAT POWER? [00:19:43] WAS IT A HEAVY THING TO CARRY? [00:19:46] >> YOU KNOW, I -- I HAD CERTAIN [00:19:54] EXPECTATIONS FOR MYSELF IN TERMS OF HOW I WAS GOING TO CONDUCT [00:19:58] MYSELF IN OFFICE. I DID NOT FIND IT THAT HARD [00:20:03] BECAUSE THEY WERE THE EXPECTATIONS I HAD FOR MYSELF IN [00:20:06] TERMS OF HOW I ACTED AS A GROWN MAN. [LAUGHTER] [APPLAUSE] [00:20:17] YOU KNOW, BASIC BEHAVIOR, [00:20:24] -- HONESTY, HARD WORK, DURING YOUR OWN WORK. [00:20:28] TREATING PEOPLE WITH RESPECT. >> BLESS YOUR HEART. [00:20:34] [LAUGHTER] >> I DID NOT FIND IT TO BE A STRAIN. [00:20:38] THERE ARE CERTAIN MOMENTS IN THE PRESIDENCY. [00:21:25] -- BUT WHEN YOU SHOWED UP, AND [00:21:31] SOMEBODY HAVE LOST THEIR HOME OR THEY HAVE LOST THEIR LIVES, AND [00:21:34] YOU GAVE THEM A HUG AND YOU LISTENED TO THEM AND YOU SAID I [00:21:38] SEE YOU AND WHAT YOU ARE GOING THROUGH. [00:21:42] IN THE COUNTRY IS HERE TO HELP. [00:21:48] THE POLITICAL STUFF WENT AWAY, IT GOT STRIPPED AWAY. [00:21:52] NOW THERE'S A VERY BASIC SENSE OF WE LOOK OUT FOR EACH OTHER. [00:21:58] THAT WAS A POWERFUL MOMENT. [00:22:03] AND SO YOU GO THROUGH TIMES [00:22:08] WHERE THIS WAS PARTICULARLY [00:22:13] IMPORTANT. OBVIOUSLY AS COMMANDER IN CHIEF, [00:22:15] I REMEMBER THERE WAS A TERRIBLE [00:22:18] INCIDENT IN WHICH A BUNCH OF [00:22:23] U.S. SERVICE MEMBERS HAD BEEN [00:22:25] KILLED, INTELLIGENCE OFFICERS [00:22:27] HAD BEEN KILLED IN ONE EVENT. [00:22:30] AND I FLEW TO DOVER, AND THE [00:22:36] PLANE CAME IN AND THERE IS WHAT [00:22:38] IS CALLED A DIGNIFIED TRANSFER, [00:22:42] THE CASKETS ARE OFFLOADED FROM THE MILITARY PLANE. [00:22:49] GENERALLY, THE PRESIDENT DURING WARTIME IS NOT VISITING ALL THE TIME. [00:22:55] BUT ON THIS PARTICULAR OCCASION, [00:22:57] I DECIDED TO GO UP. AND WE STOOD THERE. [00:23:00] IT IS A REMARKABLE, SOLEMN, AND [00:23:07] DEEPLY MOVING CEREMONY. IT IS JUST QUIET. [00:23:15] MYSELF, I THINK ATTORNEY GENERAL HOLDER WAS THERE. [00:23:20] AND YOU HOLD THE SALUTE. THESE ARE CASKETS DRAPED ON THE AMERICAN FLAG. [00:23:24] AND YOU HOLD THE SALUTE. [00:23:28] BECAUSE OF THE TRAGEDY, THE NUMBER OF PEOPLE WHO HAD BEEN [00:23:33] KILLED, WE STOOD THERE FOR AN HOUR OR SO. [00:23:37] NO SPEECHES, NO COMMENTARY, IT [00:23:41] WAS JUST -- AGAIN, A SIGNAL OF [00:23:47] WHAT IS IMPORTANT AND THE SACRIFICES THAT HAD BEEN MADE. [00:23:53] IT IS INTERESTING HOW LATER ON, YOU WOULD SEE CERTAIN SERVICE [00:23:56] MEMBERS WHO WEREN'T BIG OBAMA [00:24:02] FANS, BUT THEY WOULD NOTICE THAT. [00:24:06] SOMETIMES THEY WOULD COME UP AND [00:24:09] SAY I DIDN'T VOTE FOR YOU, BUT THAT MEANT A LOT. [00:24:12] SO YOU ARE CONSTANTLY IN THAT [00:24:17] OFFICE TRYING TO SIGNIFY WHO ARE WE? [00:24:23] AND TRYING TO EXHIBIT SOME OF OUR BEST SELVES. [00:24:27] WHEN I FIRST CAME INTO OFFICE -- LAST POINT I WILL MAKE ABOUT [00:24:30] THIS -- YOU GUYS WILL REMEMBER [00:24:34] THERE WAS WHO BLOT ABOUT ME GETTING ELECTED. [00:24:41] AND I WAS VERY SENSITIVE TO NOT [00:24:46] PLAY INTO THE CELEBRITY ASPECTS [00:24:50] OF THE PRESIDENCY. [00:24:54] BECAUSE WE WERE ALSO GOING THROUGH AN UNPRECEDENTED FINANCIAL CRISIS. [00:24:58] WE HAD TWO WARS GOING ON. [00:25:02] SO I SPENT MY FIRST YEAR FOCUSED ON POLICY AND HAD A LUNCH PAIL ATTITUDE. [00:25:07] I DID NOT WANT TO BE A SHOW HORSE, I WANTED TO BE A WORKHORSE. [00:25:13] THE COUNTRY BENEFITED FROM OUR FOCUS. [00:25:16] WE HAD A LOT OF GREAT PEOPLE IN THE ADMINISTRATION AND WE GOT A LOT DONE. [00:25:23] BUT WHAT I CAME TO REALIZE, PARTLY BECAUSE WE GOT CLOBBERED [00:25:27] IN THE MIDTERM, BECAUSE UNEMPLOYMENT WAS 10%, THE [00:25:31] FALLOUT FROM THE FINANCIAL CRISIS. [00:25:35] PART OF MY JOB WAS IN FACT TO TELL STORIES ABOUT THE COUNTRY. [00:25:41] TO TELL STORIES ABOUT HOW WE MANAGE ADVERSITY, HOW WE TREAT EACH OTHER. [00:25:48] THERE IS POETRY -- I THINK THE GOVERNOR CUOMO FROM NEW YORK [00:25:52] ONCE SAID IT, YOU CAMPAIGN IN [00:25:56] POETRY, YOU GOVERN IN PROSE. BUT YOU HAVE TO GOVERN WITH A LITTLE BIT OF POETRY, AS WELL. [00:26:04] YOU HAVE TO BE ABLE TO INSPIRE. [00:26:09] INSPIRE PEOPLE. BECAUSE A LOT OF THE ISSUES WE WORK ON ARE HARD. [00:26:16] AND PEOPLE GET DISCOURAGED, AND PROGRESS CAN BE SLOWER THAN I THINK MOST FOLKS WANT. [00:26:25] >> SPEAKING OF A CHALLENGE RIGHT [00:26:27] NOW, YOU ARE ON A CAMPUS, AND WE [00:26:31] ARE WRESTLING WITH WHAT AI IS, WHAT IT MEANS ON THE CAMPUS. [00:26:37] YOU'VE RECENTLY, JUST THIS WEEK, [00:26:39] YOU HAVE BEEN SPEAKING ABOUT AI, [00:26:44] AND I'M TRYING TO REMEMBER WHERE [00:26:46] I SAW IT, BUT YOU HAD SAID PERHAPS THE GREATEST RISK OF AI [00:26:50] -- AND YOU ACKNOWLEDGE WHAT GOOD [00:26:54] IT CAN BRING TO US. YOU ARE VERY CLEAR ABOUT THAT. [00:27:00] BUT YOU IDENTIFIED A PARTICULAR [00:27:01] RISK, TO HAVE THIS TOOL THAT IS [00:27:04] CHANGING BY THE DAY, TO HAVE [00:27:06] THIS TOOL IN THE HANDS OF A VERY [00:27:10] SMALL NUMBER OF PRIVATE COMPANIES. [00:27:14] THAT PRESENTS A QUITE SPECIFIC RISK. [00:27:20] HOW DO YOU ADDRESS THAT RISK IN A DEMOCRACY? [00:27:23] WHAT IS THE DEMOCRATIC -- I CAN IMAGINE WHAT AN AUTOCRATIC RESPONSE WOULD BE -- THIS IS [00:27:29] OURS, BUT WHAT IS THE DEMOCRATIC RESPONSE TO THE TOOL, A POWER [00:27:33] THAT WE DON'T KNOW -- I REALLY [00:27:37] THINK IN OUR CULTURE, IN OUR SYSTEM, OUR GOVERNMENT, HOW DO WE ADDRESS THIS? [00:27:43] >> SETTLE IN. [00:27:48] I AM A FORMER SENATOR, THIS [00:27:49] MIGHT FEEL LIKE A FILIBUSTER, [00:27:52] BUT I'M GOING TO TAKE SOME TIME ON THIS, AND I WANT TO GO DEEP ON IT. [00:27:57] PARTLY BECAUSE I'M ENCOURAGED [00:28:00] THAT THIS WEEK THE LAST COUPLE [00:28:03] OF WEEKS, THIS HAS FINALLY [00:28:07] POPPED AS A CENTRAL ISSUE. [00:28:11] PEOPLE WERE TALKING ABOUT IT, CONCERNED ABOUT DATA CENTERS. [00:28:18] BUT I DON'T THINK AS A SOCIETY, [00:28:20] WE FULLY GRAPPLED WITH HOW [00:28:25] IMPORTANT THE CHOICES WE MAKE [00:28:27] AROUND THIS WILL END UP BEING [00:28:31] OVER THE NEXT GENERATION. [00:28:37] LET ME START WITH SOME BASICS. [00:28:41] I DO NOT BELIEVE THIS TECHNOLOGY [00:28:46] IS OVERHYPED. [00:28:50] THE COMMERCIAL BENEFITS OF IT [00:28:50] MAY BE OVERHYPED, THE VALUATIONS [00:28:54] OF AI COMPANIES MAY BE [00:28:57] OVERHYPED, THE TECHNOLOGY ITSELF IS NOT OVERHYPED. I HAVE BEEN TRACKING THIS FOR A LONG TIME. [00:29:06] IN 2015, 2016, AND THE LAST [00:29:09] COUPLE OF YEARS OF MY PRESIDENCY, I WAS FOCUSED ON [00:29:13] THIS, PULL TOGETHER A COMMISSION [00:29:17] OF THE BEST MINDS IN THIS AREA [00:29:20] TO TALK ABOUT NOT JUST THE [00:29:22] TECHNOLOGY, BUT ALSO THE [00:29:26] POLITICAL, SOCIAL, ETHICAL CONCERNS AROUND THIS. PRODUCED A TERRIFIC REPORT. [00:29:35] APPARENTLY IT GOT PUT IN THE SAME BEEN AS MY PANDEMIC [00:29:39] PROPOSAL. [00:29:42] IT WASN'T PICKED UP BY THE [00:29:46] ADMINISTRATION THAT FOLLOWED ME. [00:29:50] SO WE COULD SEE THIS COMING, BUT [00:29:53] PART OF WHAT MAKES THIS PROFOUND IS IT ACCELERATES. [00:30:00] SO WHAT IS HAPPENING RIGHT NOW, [00:30:03] WE HAVE REACHED THIS POINT OF [00:30:06] WHAT IS CALLED A RECURSIVE [00:30:07] LEARNING WHERE ESSENTIALLY -- [00:30:11] AND WE HAD ANTICIPATED THIS, BUT WE ARE NOT SEEING IT, MACHINES [00:30:14] ARE STARTING TO BE ABLE TO TEACH THEMSELVES. [00:30:19] THEY DON'T HAVE TO WAIT FOR [00:30:21] HUMANS TO START FIGURING THINGS OUT. [00:30:28] IF YOU THINK ABOUT IT AS HUMANS [00:30:32] ARE TEACHERS AND THEIR MODELS [00:30:33] ARE THE STUDENTS, AS RECENTLY AS [00:30:37] A YEAR AGO, 90% OF THE LEARNING [00:30:42] OF THESE MODELS WAS GIVEN TO [00:30:45] THEM BY THE TEACHER, HUMANS, AND [00:30:47] MAYBE 5% TO 10%, THEY COULD FILL [00:30:52] IN SOME GAPS IN FIGURE STUFF OUT. [00:30:58] IN LESS THEN A YEAR, MAY BE IN LESS THEN SIX MONTHS, WE ARE AT [00:31:01] A STAGE WHERE IT IS 50-50. [00:31:06] IF THE TREND LINES CONTINUE, THE EXPECTATION IS IT MIGHT BE 9010. [00:31:10] WHAT IT MEANS IS ON THE LEARNING [00:31:14] TRACK OF AI IT HAS BEEN LIKE [00:31:18] THIS, WE ARE HITTING THE HOCKEY STICK. [00:31:24] THE MODELS WILL GET SMARTER AT A BETTER PACE. [00:31:29] WHAT ARE THE RISKS OF THAT? [00:31:31] THERE IS THE BIG SCIENCE FICTION [00:31:35] RISK OF THESE MODELS GET SMARTER [00:31:40] THAN US, AND THEY DECIDE HUMANS [00:31:45] ARE FINE, BUT NOT NECESSARY. [00:31:49] THEY START SETTING THEIR OWN GOALS. [00:31:53] AND THE KILLER ROBOTS KILL US. OR WE BOW DOWN TO THEM. [00:32:02] I DO NOT WANT TO EXAGGERATE THAT PARTICULAR RISK. [00:32:06] BUT I WILL SAY THERE IS A [00:32:06] NONZERO RISK -- NONZERO CHANCE [00:32:10] OF THAT HAPPENING. [00:32:14] THAT IS NOT ACTUALLY THE RISK I'M MOST CONCERNED ABOUT, BUT IT GETS THE MOST ATTENTION. [00:32:20] THE REASON THAT IS A RISK IS NOT [00:32:25] BECAUSE THE COMPUTER MODELS ARE [00:32:28] CONSCIOUS, THAT THEY NECESSARILY [00:32:34] FEEL MALICE TOWARDS HUMANS, IT [00:32:38] IS JUST IF THEY START SETTING [00:32:39] THEIR OWN AGENDAS, YOU MAY GET A [00:32:48] MISALIGNMENT BETWEEN WHAT THEY [00:32:51] WANT TO DO AND WHAT WE WANT THEM TO DO, AND THAT GAP CAN BE DANGEROUS. [00:32:57] THE MORE SERIOUS PROBLEM IS [00:33:00] THESE MODELS ARE GETTING POWERFUL ENOUGH ALL THAT IF THEY GET IN THE HANDS OF BAD HUMANS, [00:33:04] THEY CAN DO BAD THINGS. THEY CAN BE WEAPONIZED IN CERTAIN WAYS. [00:33:10] THEY CAN DO A LOT OF MISCHIEF. [00:33:12] THE CLASSIC EXAMPLE WOULD BE WE [00:33:17] WILL BE AT A POINT, EVEN IF [00:33:21] THERE ARE CERTAIN SAFEGUARDS AROUND IT, IF WE HAD NOT DONE A [00:33:25] GOOD JOB ON THE SAFEGUARDS, IT [00:33:28] IS CONCEIVABLE THEY CAN TAKE THE FLAWED OPENAI INPUT AND SAY I [00:33:31] WANT TO COME UP WITH A NEW [00:33:33] STRAIN OF SMALLPOX AND RELEASE [00:33:38] IT ON THE NEW YORK SUBWAY [00:33:39] SYSTEM, SHOW ME HOW IT IS DONE [00:33:44] USING INGREDIENTS I CAN BUY AT HOME DEPOT. [00:33:49] THE COMPUTER MIGHT FIGURE IT OUT. [00:33:54] OR SOMEBODY MIGHT NOT EVEN TRY [00:33:54] TO BE THAT DESTRUCTIVE, MIGHT [00:33:58] SAY I WANT TO PROGRAM -- A [00:34:01] PROGRAM THAT MAXIMIZES MY RETURN ON INVESTMENT IN THE STOCK [00:34:05] MARKET, DO WHATEVER IT TAKES. [00:34:07] IF THE INSTRUCTIONS ARE ILLEGAL, [00:34:12] DON'T WORRY ABOUT IT. [00:34:14] SUDDENLY THAT CAN BRING DOWN THE STOCK MARKET. [00:34:18] SO THAT IS A MUCH BIGGER DANGER. [00:34:22] AND IF I SAID THE DANGER OF THE [00:34:24] FIRST, OR WHAT IS CALLED THE [00:34:30] SINGULARITY, SUPER INTELLIGENCE [00:34:30] TAKING OVER, IF I SAY THAT IS [00:34:34] STILL A RELATIVELY SMALL CHANCE, [00:34:38] THERE'S A GREAT LIKELIHOOD THAT [00:34:42] A ROGUE AI COULD CAUSE A LOT OF HAVOC. [00:34:47] THEN YOU GOT ISSUES OF JOB DISPLACEMENT AND HOW MANY WILL [00:34:51] BE DISPLACED. [00:34:53] I WILL SAY THIS, YOU AND I ARE BOTH LAWYERS, IF I'M NOT MISTAKEN. [00:35:00] CURRENTLY, PARTNERS OR LAW FIRMS RELY ON A BUNCH OF JUNIOR [00:35:05] ASSOCIATES. [00:35:08] THEY CHARGE A LOT OF MONEY FOR [00:35:12] TIME WITH THOSE JUNIOR ASSOCIATES, THERE IS A PYRAMID, [00:35:15] THE PROMISE IS THAT THEY WORK THEIR WAY UP AND AT SOME POINT [00:35:18] THEY WILL BE AT THE TOP OF THE PYRAMID AND MAKE SOME BANK. [00:35:25] IF YOU ARE INVESTING IN AI AT A LAW FIRM, AND THEY ARE PRETTY [00:35:30] EXPENSIVE, THE REASON YOU ARE MAKING THAT INVESTMENT IS BECAUSE IT WILL ALLOW YOU TO DO [00:35:35] THINGS WITHOUT THOSE ASSOCIATES. [00:35:39] THAT IS A FAIRLY HIGH SKILLED, HIGHLY TRAINED JOB. [00:35:45] SO THE ECONOMIC DISRUPTIONS THAT WILL COME AT THIS SPEED ARE [00:35:48] GOING TO BE PROFOUND AS WELL. [00:35:51] THEN YOU HAVE ALL KINDS OF PSYCHOLOGICAL ISSUES LIKE AI [00:35:54] COMPANIONS. [00:35:56] DO I WANT A TEDDY BEAR WHO HAS BECOME YOUR KIDS BEST FRIEND? [00:36:01] IT IS TRAINED TO BE AS ADDICTIVE AS POSSIBLE LIKE SOCIAL MEDIA. [00:36:06] YOU HAVE ALL OF THESE ISSUES. IT IS MOVING SO FAST THAT WHAT [00:36:10] HAPPENED OVER THE LAST COUPLE OF [00:36:12] WEEKS IS THAT THE LEADERS OF [00:36:21] WHAT ARE CALLED THE FRONTIER COMPANIES, THE FOLKS DEVELOPING THE VERY CUTTING EDGE OF THESE [00:36:27] MODELS, GOT SCARED ENOUGH THEMSELVES THAT THEY SAID WE NEED TO SLOW DOWN. [00:36:33] TWO OF THOSE COMPANIES, [00:36:35] ANTHROPIC AND OPENAI, ARE ABOUT [00:36:40] TO LAUNCH MASSIVE IPOS THAT MAKE [00:36:43] ALL OF THEIR EMPLOYEES BILLIONS [00:36:48] OF DOLLARS. IT IS UNPRECEDENTED FOR COMPANIES IN THAT POSITION TO [00:36:51] SAY OUR STUFF IS A LITTLE BIT [00:36:56] DANGEROUS AND MAYBE WE NEED TO STOP, OR SLOW IT DOWN. [00:37:03] I SAY THAT BECAUSE I THINK SOME [00:37:06] PEOPLE THINK UNDERSTANDABLY, [00:37:09] THESE TECH COMPANIES MIGHT BE [00:37:12] TRYING TO BLOCK OUT COMPETITION [00:37:14] BY SAYING SLOW THIS DOWN, ETC. [00:37:19] THE MISTRUST OF THESE BIG TECH [00:37:22] COMPANIES IN THE AMOUNT OF POWER THEY HAVE AMASSED, I UNDERSTAND. [00:37:29] I WILL SAY THAT IN THIS [00:37:33] SITUATION, THEY'RE GENUINELY WORRIED ABOUT THEIR PRODUCT. [00:37:37] NOW THAT I'VE GOT YOUR [00:37:40] ATTENTION, THE GOOD NEWS IS AI [00:37:46] IS A TOOL, IT IS A MACHINE, [00:37:49] BUILT TO GIVE YOU THE ILLUSION [00:37:50] IT IS NOT, BUT IT IS. [00:37:53] IT IS A SOPHISTICATED, REMARKABLE TECHNOLOGY. [00:37:58] THEY SHOULDN'T BE THOUGHT OF AS A TOOL, WHICH MEANS WE HAVE CHOICES IN TERMS OF HOW WE USE IT. [00:38:03] IF WE USE IT PROPERLY, DIRECTED [00:38:07] AT DRUG -- DRUG DEVELOPER AND TO CURE CANCER, IT CAN ACCELERATE [00:38:11] OUR ABILITY TO RID THE WORLD OF CANCER. [00:38:14] IF WE TRAIN IT AND SAY FIGURE [00:38:19] OUT A ZERO CARBON EMISSION [00:38:20] ENERGY SOURCES, IT COULD COME UP [00:38:24] WITH A SAFE FORMULA FOR NUCLEAR [00:38:31] FUSION THAT GIVES US MUCH MORE [00:38:32] PLENTIFUL ENERGY WITHOUT WARMING [00:38:36] THE PLANET. REALLY USEFUL STUFF. [00:38:40] BUT IF WE GET THIS WRONG, IT [00:38:44] COULD BE CHAOTIC AND POTENTIALLY CATASTROPHIC. [00:38:48] MY VIEW THIS WEEK HAS BEEN IT IS [00:38:51] GOOD THAT SOME OF THE LEADING [00:38:56] COMPANIES HAVE SAID WE NEED TO SLOW THIS DOWN. [00:39:01] AND WE SHOULD ENCOURAGE THAT. THERE HAVE BEEN SOME ON THE LEFT [00:39:04] WHO SAID WE SHOULD NOT ALLOW THEM TO MAKE THAT DECISION. [00:39:11] I AGREE THAT THAT CAN'T BE A LONG-TERM SOLUTION. [00:39:18] GOVERNMENT HAS TO BE REGULATING THIS. [00:39:23] I HEARD ONE OF DONALD TRUMP'S [00:39:25] MAIN ADVISORS ON THIS MAKE THE [00:39:29] ARGUMENT THAT THE MARKET WILL [00:39:29] TAKE CARE OF IT, THESE COMPANIES [00:39:34] WILL SOLVE THE SAFETY ISSUES BECAUSE THEY HAVE EVERY INCENTIVE TO DO SO. [00:39:37] IF IT TURNS OUT TO BE DANGEROUS, [00:39:41] PEOPLE WILL JUST SUE THEM AND THEY ARE WORRIED ABOUT FINANCIAL LIABILITY. [00:39:47] THAT IS NOT HOW WE TREAT AIRLINES. [00:39:51] OR DRUG COMPANIES. [00:39:55] OR FOOD COMPANIES. [00:39:57] WE NOW HAVE 150 YEARS OF [00:40:02] EXPERIENCE LETTING THE MARKET DO WHATEVER IT WANTS. [00:40:06] WHEN IT COMES TO THINGS THAT DEEPLY AFFECT OUR HEALTH AND OUR [00:40:10] SAFETY. [00:40:12] SO THERE IS NO REPLACEMENT FOR AN EFFECTIVE GOVERNMENT [00:40:16] REGULATORY STRUCTURE. [00:40:20] AND THE CHALLENGE WE HAVE IS OBVIOUSLY, WE HAVE A PRESIDENT [00:40:25] CURRENTLY THAT HAS SAID THAT IS [00:40:29] FOR LOSERS. [00:40:33] SO WE'VE GOT A GAP OF AT LEAST A COUPLE OF YEARS WHERE THINGS ARE [00:40:37] MOVING FAST, AND WE HAVE AN [00:40:41] ADMINISTRATION THAT IS NOT [00:40:41] CAPABLE OF, OR WILLING TO, I [00:40:45] WOULD ARGUE BOTH, OF PUTTING [00:40:49] TOGETHER A SERIOUS REGULATORY FRAMEWORK. [00:40:52] WHICH IS WHY I THINK WE SHOULD [00:40:53] BE ENCOURAGING SOME SORT OF [00:40:58] VOLUNTARY INDUSTRY RESTRAINT NOT BECAUSE IT IS A REPLACEMENT, BUT [00:41:02] IT MAY BE THE BEST WE CAN DO FOR [00:41:04] NOW UNTIL WE CAN GET CONGRESS [00:41:08] AND THE WHITE HOUSE TO START [00:41:12] GETTING SERIOUS ABOUT THIS. I KNOW SOME STATES WILL BE [00:41:14] TRYING TO INITIATE REGULATORY STUFF. [00:41:20] IT IS HARD TO DO THIS STATE-BY-STATE LIKE GUN CONTROL. [00:41:25] MY HOME STATE OF ILLINOIS, STRICT GUN CONTROL LAWS. [00:41:29] THE SURROUNDING STATES DO NOT. [00:41:30] WHICH MEANS THEY DON'T WORK. [00:41:34] THIS IS MORE DANGEROUS. [00:41:37] LAST POINT, AND I WARNED YOU I WAS GOING TO FILIBUSTER. BUT I WANT TO GET THIS STUFF IN. [00:41:44] IT REALLY DOES MATTER. [00:41:47] I MENTIONED EARLIER WHAT IS [00:41:54] CALLED THE ALIGNMENT PROBLEM IS [00:41:56] ONE OF THE GREATEST DANGERS OF [00:42:00] AI. [00:42:04] IF YOU GIVE AN INSTRUCTION TO AI [00:42:06] AND IT IS NOT PRECISE, EVEN IF [00:42:09] IT IS NOT GOING ROGUE AND IT [00:42:14] DOES THINGS THAT -- I DID NOT [00:42:15] THINK OF THE FACT WHEN I SAID [00:42:19] MAXIMIZE MY RETURNS, THEY WILL [00:42:24] HACK INTO A POWER GRID TO CAUSE A BLACKOUT BECAUSE YOU SHORTED A STOCK. [00:42:32] SO YOU WANT TO MAKE SURE YOU ARE [00:42:33] DEALING WITH THE CORE PROBLEM OF [00:42:38] ALIGNMENT. THERE IS ANOTHER ALIGNMENT PROBLEM. [00:42:44] THAT IS THE MISALIGNMENT BETWEEN [00:42:48] HOW THE TECHNOLOGY CAN BE BEST USED FOR SOCIETY AND THE [00:42:52] COMMERCIAL IMPERATIVES OF THESE COMPANIES. [00:42:59] THESE COMPANIES HAVE ATTRACTED MORE CAPITAL AND IT IS A BIGGER [00:43:04] SPEND THAN THE MOON -- THE [00:43:07] APOLLO PROGRAM. [00:43:11] IT IS ONE OF THE BIGGEST, IF [00:43:13] NOT, THE BIGGEST INVESTMENT IN [00:43:17] INFRASTRUCTURE AND SCIENCE AND [00:43:19] TECHNOLOGY IN HUMAN HISTORY, AND IT IS HAPPENING VERY FAST. [00:43:26] AND INVESTORS WANT A RETURN. [00:43:29] WHAT THAT MEANS IS THERE IS PRESSURE ON THESE COMPANIES, [00:43:33] EVEN IF THEY ARE WORRIED THEY [00:43:36] HAVE TO COME UP WITH MODELS THAT WOULD JUSTIFY THAT INVESTMENT. [00:43:41] SO THE BIG THING RIGHT NOW IS ORDER CALLED AGENTS. [00:43:45] IT DIDN'T TAKE AI. [00:43:47] THOSE OF YOU WHO WATCH IRON, [00:43:50] IRON MAN IS IN THIS LITTLE SUIT. I DON'T REMEMBER WITH THE NAMES [00:43:54] ARE, BUT JEEVES, HE JUST TALKS AND HE HAS A BRITISH ACCENT OR [00:43:58] SOMETHING AND HE GOES YES SIR. [00:44:03] WHEN HE SOLVES PROBLEMS WITH VOICE OVERS. IF YOU HAVE SEEN HER, SCARLETT [00:44:09] JOHANSSON, VERY COOL BUT DIDN'T AI. [00:44:16] THAT IS THE DIRECTION WE ARE GOING IN. [00:44:21] THE NOTION IS A GENT TAKE AI [00:44:26] BOTS TO OPERATE, THESE MODELS TO [00:44:29] OPERATE IN THE WORLD. [00:44:30] TO BE OUR ASSISTANCE, REPLACE [00:44:36] THE LAW ASSOCIATE OR, THE ACCOUNTANT. [00:44:39] THE PROBLEM IS IF THAT IS YOUR [00:44:41] BUSINESS MODEL, YOU WANT TO GET [00:44:45] IT OUT. SOMETIMES YOU HAVE TO TEST IT BY [00:44:49] LETTING IT RUN WILD IN THE WORLD [00:44:50] TO SEE IF IT IS ACTUALLY WORKING . [00:44:54] THAT IS WHERE A LOT OF THE DANGER MAY COME IN. [00:45:00] BECAUSE YOU ARE NOT IN A SEALED BOX. [00:45:04] IT IS THE INTERNET, LOOKING AT YOUR BANK ACCOUNTS, ETC.. [00:45:09] I USE THAT AS AN EXAMPLE TO SAY [00:45:12] IF WE ARE THINKING ABOUT AI JUST [00:45:15] IN TERMS OF HOW WE CURE CANCER [00:45:17] OR GET BETTER ENERGY, YOU CAN DO [00:45:20] THAT WITHOUT HAVING A GENT TAKE AI AND JUST HAVING YOUR ROMAN FREE ON THE INTERNET. [00:45:27] THE REASON YOU ARE DOING THAT IS BECAUSE YOU HAVE TO MARKET A [00:45:30] PRODUCT PEOPLE WILL PAY MONEY FOR. [00:45:34] THAT IS A MISALIGNMENT BETWEEN [00:45:36] WHAT OUR SOCIETY NEEDS IN THE [00:45:40] COMMERCIAL IMPERATIVES OF THESE COMPANIES ARE FACING. [00:45:43] NOT NECESSARILY BECAUSE THEY ARE [00:45:45] TRYING TO DO BAD THINGS, BUT [00:45:49] THEY'VE GOT TO JUSTIFY THESE VALUATIONS. [00:45:53] THAT IS ONE MORE REASON WHY IT [00:45:54] IS REALLY IMPORTANT FOR US TO [00:45:57] HAVE A COMPETENT GOVERNMENT AND [00:46:02] A SERIOUS BIPARTISAN CONVERSATION AROUND THIS ISSUE, AND WE HAVE TO DO IT FAST. [00:46:07] AND I WOULD ENCOURAGE VOTERS TO [00:46:09] PAY ATTENTION TO THIS. [00:46:13] IF SOMEBODY DOES NOT HAVE A SERIOUS PLAN FOR HOW TO DEAL [00:46:16] WITH THIS, THEY ARE NOT MEETING [00:46:19] THE MOMENT, AND YOU SHOULD PROBABLY LOOK FOR SOMEBODY ELSE. [00:46:25] SORRY ABOUT THAT, BUT I WANTED TO -- [APPLAUSE] [00:46:31] IT IS NOT THE ONLY THING WE'VE GOT TO DEAL WITH, BUT IT IS A BIG ONE. [00:46:36] >> SINCE THIS IS FAMILY WEEKEND AND I WANT PEOPLE TO FEEL GOOD, [00:46:40] I'M GOING TO GO TO THE THREATS TO OUR DEMOCRACY. [00:46:44] >> BECAUSE WE ARE DOING GREAT ON THAT FRONT. >> HERE YOU GO. [00:46:49] THIS IS A QUESTION AND A JOB OFFER. [00:46:54] WHICH IS THIS. [00:46:58] SAY COLGATE UNIVERSITY WAS LUCKY ENOUGH TO SAY THE FORMER [00:47:02] CONSTITUTIONAL LAW TEACHER AT [00:47:05] CHICAGO WILL JOIN OUR FACULTY AS A DISTINGUISHED VISITING [00:47:08] PROFESSOR OF POLITICAL SCIENCE? [APPLAUSE] [00:47:13] SEEMS LIKE A POPULAR IDEA. [00:47:15] AND YOU ARE GOING TO TEACH A COURSE ON DEMOCRACY. [00:47:18] >> BUT ONLY IN SEPTEMBER? >> ONLY IN SEPTEMBER. [00:47:22] WE HAVE A VERY GOOD BASKETBALL TEAM, AND YOU WOULD LIKE YOU WOULD LIKE IT VERY MUCH IN WINTER. [00:47:28] YOU ARE NOW GOING TO TEACH A COURSE ON DEMOCRACY ONLY IN THE EARLY FALL. [00:47:35] BUT AT THIS MOMENT, WHAT WOULD [00:47:41] YOU TEACH THEM? I CAN IMAGINE CONSTITUTIONAL LAW EXPERT, YOU CAN DO THAT. [00:47:45] THIS IS HOW THE GOVERNMENT WORKS. [00:47:47] BUT THIS IS A MOMENT. [00:47:50] WHAT WOULD YOU DO IN AN ADVANCED [00:47:52] SEMINAR AS A PROFESSOR AT COLGATE ABOUT DEMOCRACY? [00:47:56] >> I THINK IT IS A GREAT QUESTION. [00:48:00] THE FIRST THING I WOULD WANT TO [00:48:05] DISCUSS WITH THE STUDENTS SINCE IT IS A SEMINAR, I'VE GOT TO OPEN IT UP. [00:48:13] EVERYBODY IN THE GYM GREW UP IN [00:48:18] A FAIRLY UNIQUE TIME. [00:48:22] EVEN OLD PEOPLE LIKE ME. [00:48:25] THE POST-WORLD WAR II ERA IN [00:48:31] WHICH IN FITS AND STARTS, AND [00:48:33] WITH WATERGATE AND RIOTS AND [00:48:41] ASSASSINATIONS, A LOT OF TERRIBLE STUFF HAPPENING. [00:48:44] BUT IF YOU WERE LUCKY TO LIVE IN THE COUNTRY DURING THAT TIME, [00:48:47] YOU SAW A BROADENING OF DEMOCRACY. [00:48:53] CIVIL RIGHTS MOVEMENT, WOMEN'S MOVEMENT, LGBTQ MOVEMENT. [00:49:01] EXPANSION OF THE FRANCHISE, ONE PERSON, ONE VOTE. [00:49:07] A SOLIDIFICATION POST MCCARTHY [00:49:11] ERA, NOTIONS OF CIVIL LIBERTIES [00:49:15] AND FREEDOM OF SPEECH. [00:49:19] AND WE BUILT A PRETTY REMARKABLE [00:49:22] CONSENSUS AROUND THAT, THAT WAS SHARED BY BOTH PARTIES. [00:49:26] BOTH MAJOR POLITICAL PARTIES. [00:49:29] THAT BEGAN TO BREAK DOWN. YOU CAN ARGUE WHEN. [00:49:33] MAYBE IT WAS ACCORDING TO LYNDON [00:49:36] JOHNSON, THE CIVIL RIGHTS ACT IN 1964. [00:49:41] YOU COULD ARGUE THAT IT HAPPENED [00:49:46] BECAUSE OF CONSEQUENCE OF CHANGE IN THE ECONOMY AFTER RONALD REAGAN. [00:49:54] BUT WHAT YOU SAW WAS PEOPLE [00:49:56] MISTRUSTING THAT PROGRESS, OR TAKING IT FOR GRANTED. [00:50:03] AND I THINK THE MAIN THING I WOULD BE TEACHING BY VIRTUE OF [00:50:07] LOOKING AT AMERICAN HISTORY, WHICH I KNOW YOU STUDY AND DEEPLY. [00:50:11] HIS DEMOCRACY IS NOT [00:50:17] SELF-EXECUTING. IT REQUIRES A CERTAIN SET OF [00:50:20] NORMS, HABITS, AND SOCIAL TRUST. [00:50:27] IN THOSE MUSCLES HAVE TO CONTINUALLY BE BUILT. [00:51:39] >> WHAT USED TO BE CALLED MEDIATING INSTITUTE MEANS THINGS LIKE, YOU KNOW, IT USED TO BE THE CHURCH OR UNIONS OR WHAT HAVE YOU. HOW DO WE ADAPT THOSE TO A [00:51:42] INTERNET INFORMATION DIGITAL AGE THAT ENGAGES PEOPLE AND GIVES THEM A SENSE OF AGENCY? BECAUSE IF PEOPLE DON'T FEEL LIKE THEY HAVE A RESPONSIBILITY [00:51:46] TO MAKE DEMOCRACY WORK, IT DOESN'T WORK. [00:51:50] IT STARTS BREAKING DOWN AND IF [00:51:57] THE SYLLABUS I'D HAVE WOULD START WITH THE AMERICAN [00:52:01] REVOLUTION, THOSE OF YOU WHO DON'T WANT TO TAKE THE ENTIRE [00:52:05] COURSE, SINCE IT'S A FANTASY [00:52:10] BECAUSE YOU KNOW MY WIFE'S NOT [00:52:12] GOING TO BE HAPPY IF I'M GONE [00:52:15] FOR THE FALL. [00:52:19] BUT IF YOU WANT TO, JUST A QUICK SYNOPSIS. WATCH KEN BURNS'S AMERICAN [00:52:24] REVOLUTION. SIX PARTS, I THINK 2 HOURS EACH. 12 HOURS. YOU CAN DO IT ON THE TREADMILL. [00:52:28] WHAT IS STRIKE GOING WHEN YOU [00:52:30] WATCH IT IS JUST HOW CONTINGENT [00:52:34] THIS WHOLE EXPERIMENT WAS AND [00:52:37] ITS STARTED. [00:52:39] TRUTHFULLY WITH A BUNCH OF RICH [00:52:42] GUYS, NOT WANTING TO PAY THEIR TAXES. [00:52:47] DEMOCRACY WAS NOT THE BEGINNING. [00:52:49] IT WASN'T THE CORE ANIMATE PRINCIPLE AT THE START OF THE [00:52:53] AMERICAN REVOLUTION. THERE WAS FRUSTRATE ACTION WITH [00:52:57] THE THE EMPIRE AND THE [00:53:02] COLONIALISTS FEELING AS IF THEY [00:53:02] WERE BEING IMPOSED UPON. [00:53:06] AND IT WAS A FAIRLY NARROW [00:53:10] AGENDA. [00:53:10] AND OVER TIME, WHAT HAPPENED IS, [00:53:15] IS THAT THESE ACTIONS BEHIND THE [00:53:19] INITIAL ACTIONS LIKE THE BOSTON TEA PARTY, YOU START GETTING AN [00:53:24] ARTICULATION OF THIS BROADER IDEA. [00:53:26] YOU KNOW, PROPS TO THOMAS PAINE, BY THE WAY, THAT GUY ACTUALLY [00:53:30] BELIEVED IN DEMOCRACY. [00:53:32] AND SO YOU START GETTING THESE [00:53:35] IDEAS CIRCULATING ABOUT WHAT DEMOCRACY MEANS FOR ORDINARY [00:53:40] PEOPLE AND. [00:53:44] PEOPLE LIKE PHILLIS WHEATLEY, [00:53:46] AFRICAN-AMERICAN WOMAN SUDDENLY GETS THOMAS PAINE. [00:53:49] SHE READS THIS AND SHE SAYS, YOU KNOW WHAT? THIS IS A GOOD IDEA, THIS IDEA [00:53:52] OF THE FRANCHISE AND EVERYBODY HAVING A SAY IN THEIR GOVERNMENT. [00:53:56] THIS MIGHT APPLY TO BLACK PEOPLE OR IT MIGHT APPLY TO WOMEN. [00:54:00] AND SLOWLY, BY THE TIME YOU GET [00:54:04] TO THE DECLARATION OF INDEPENDENCE AS FLAWED AS IT IS, [00:54:07] YOU DO HAVE THIS THIS PRECIOUS [00:54:11] IDEA. I THINK ONE OF THE BEST IDEAS IN [00:54:14] HUMAN HISTORY, IF NOT THE BEST. [00:54:18] WE'RE ALL CREATED EQUAL. WE'RE ALL ENDOWED, YOU KNOW, [00:54:23] WITH CERTAIN INALIENABLE RIGHTS. [00:54:25] AND THEN WE HAVE TO TRY TO OPERATIONALIZE IT. [00:54:29] BUT BUT I SAY THAT BECAUSE IT IS [00:54:33] NOT A STATIC THING AND IT'S NOT A GIVEN. [00:54:37] AND I, I, I CAN GIVE YOU ALL [00:54:39] KINDS OF SPECIFICS ABOUT HOW WE [00:54:41] MIGHT GET RID OF THE FILIBUSTER [00:54:44] OR REFORM CAMPAIGN FINANCE OR THIS OR THAT OR THE OTHER. [00:54:47] BUT AT ITS CORE, THE DEMOCRACY [00:54:50] MEANS EVERYBODY IN THIS AUDITORIUM AND BEYOND SAYS, I [00:54:56] HAVE A SAY IN HOW WE [00:54:58] COLLECTIVELY LIVE AND I HAVE A [00:55:02] RESPONSIVE ABILITY THAT GOES [00:55:04] BEYOND MY NARROW SELF-INTEREST TO MAKE SURE THAT THING WORKS. [00:55:08] AND WE HAVE TO FIND BETTER WAYS [00:55:12] IN THIS ULTRAFAST, YOU KNOW. [00:55:19] DYNAMIC. DISRUPT THE SOCIETY THAT WE'RE [00:55:22] LIVING THROUGH TO RECREATE THAT [00:55:26] SENSE OF AGENCY ON THE PART OF INDIVIDUALS AND THAT WE BELIEVE [00:55:30] THAT'S IMPORTANT ENOUGH THAT THERE ARE TIMES WHERE WE WILL [00:55:34] SET ASIDE OUR INTERESTS. [00:55:38] WE CAN HAVE DEBATES. LET ME I'M JUST GOING TO GIVE [00:55:41] YOU ONE SPECIFIC EXAMPLE. [00:55:43] WE CAN HAVE DEBATES ABOUT WHAT [00:55:46] OUR MARGINAL TAX RATE TAX RATES SHOULD BE. [00:55:49] AND I WOULD ARGUE THAT. [00:55:53] WEALTHY PEOPLE IN THIS COUNTRY DO NOT PAY ENOUGH IN TAXES. [00:55:55] AND THE VERY ULTRA WEALTHY [00:56:01] OFTENTIMES PAY NO TAXES. AND HAVE FIGURED OUT HOW TO GAME [00:56:04] THE SYSTEM. BUT BUT THAT WE CAN HAVE THAT DEBATE. [00:56:08] BUT WHEN I HEAR THE [00:56:12] BILLIONAIRES, NOT MILLIONAIRES, [00:56:14] BUT FOLKS WHO CANNOT SPEND EVER [00:56:20] A FRACTION OF THEIR WEALTH AND [00:56:24] NEITHER CAN THEIR KIDS OR THEIR [00:56:26] GRANDKIDS SAY THEY ARE MOVING TO [00:56:30] FLORIDA, NOT BECAUSE THEY LOVE FLORIDA. [00:56:34] THEY MIGHT. IT'S NOTHING. NOTHING GETS FLORIDA. [00:56:37] NICE WEATHER, BUT BECAUSE THEY'RE TRYING TO AVOID A STATE [00:56:41] TAX, WHICH IS A ROUNDING ERROR [00:56:44] IN THEIR WEALTH. [00:56:47] NOW, THAT'S A THERE'S A CERTAIN [00:56:49] MENTALITY, EITHER ONE, THAT SAYS [00:56:52] I SHOULD NOT HAVE TO GIVE UP [00:56:56] ANYTHING DESPITE THE FACT THAT [00:56:58] THAT WEALTH, WHATEVER YOU WANT TO ARGUE ABOUT HOW HARD THEY [00:57:01] WORKED OR THIS OR THAT, THE OTHER THAT WEALTH WAS THE [00:57:04] FOUNDATION OF THAT WEALTH WAS A SOCIAL ORDER AND A SYSTEM THAT [00:57:08] HAD AMAZING UNIVERSITIES AND [00:57:10] ROADS AND FIRE PROTECTION AND A [00:57:12] JUDICIAL SYSTEM THAT COULD [00:57:14] ENFORCE CONTRACTS, ALL OF WHICH [00:57:18] COST THEM MONEY TO MAINTAIN. [00:57:22] IF WE DON'T GET THAT RIGHT, THEN [00:57:25] THE MECHANICS OF DEMOCRACY WON'T [00:57:29] BE ENOUGH, AS WE'VE SEEN, BECAUSE WE'VE JUST SEEN A WHOLE [00:57:31] BUNCH OF LAWS IN PLACE THAT HAVE [00:57:34] BEEN BLOWN THROUGH IN WAYS I [00:57:36] WOULD NEVER HAVE ANTIS SEPARATE [00:57:38] MY IMAGINATION AND COULD NOT [00:57:42] FORESEE. SOME OF THE STUFF IS GOING ON RIGHT NOW. [00:57:45] I BELIEVE THERE WAS JUST AN ANNOUNCEMENT THAT THE WHITE [00:57:47] HOUSE DECIDED. [00:57:50] YOU KNOW WHAT, CNN, MSNBC MESS. [00:57:56] NOW, MAYBE THE NEW YORK TIMES [00:57:57] WILL INCLUDE YOU JUST CAN'T COME [00:58:01] TO THE WHITE HOUSE PRESS [00:58:03] BRIEFINGS ANYMORE BECAUSE YOU'RE GIVING THE CURRENT PRESIDENT [00:58:09] UNFAVORABLE COVERAGE. I'M TRYING TO THINK WHAT WOULD HAVE HAPPENED IF I HAD SAID, YOU [00:58:13] KNOW WHAT, FOX NEWS OUT OF HERE. [00:58:15] IT'S UNIMAGINABLE. [00:58:18] >> SO BUT THE POINT I'M MAKING [00:58:22] HERE IS, IS THAT IF YOU HAVE A [00:58:24] CERTAIN COHORT, LET'S CALL IT 30 [00:58:27] TO 35% OF THE COUNTRY RIGHT NOW, [00:58:29] WHICH THINKS THAT'S OKAY. [00:58:31] >> WELL, WHAT THAT MEANS IS WE [00:58:33] HAVE NOT DEVELOPED THE KIND OF. [00:58:37] UNDERSTANDING OF WHAT DEMOCRACY [00:58:41] REQUIRES, AND WE'VE GOT TO SHORE THAT BACK UP. I DON'T THINK THAT'S INEVITABLE. [00:58:45] I DON'T THINK ALL IS LOST ON [00:58:47] THAT FRONT. BUT WE HAVE TO ROLL UP OUR [00:58:51] SLEEVES AND GET WORKING. [00:58:55] YEAH, BUT HOW. [00:59:02] I WANT TO I WANT TO BUILD ON [00:59:04] WHAT YOU ACTUALLY JUST DID AND [00:59:07] THEN I WANT TO MOVE THAT TO THE WORK YOU COULD DO IN THE OBAMA [00:59:12] CENTER. >> BECAUSE WHEN I ASKED YOU ABOUT DEMOCRACY, WHAT YOU DID [00:59:16] WAS OFFER AN INTELLECTUAL HISTORY OF THE AMERICAN REVOLUTION. [00:59:19] I WOULD ARGUE THAT GREAT UNIVERSITIES, WHICH ARE UNDER [00:59:23] SIGNIFICANT STRAIN RIGHT NOW, THAT'S THE WORK OF GREAT [00:59:27] UNIVERSITIES, TO TRAIN PEOPLE TO UNDERSTAND THE INTELLECTUAL [00:59:29] HISTORY OF WHAT JUST HAPPENED. [00:59:31] SO, YEAH, FOR UNIVERSITIES, BUT [00:59:33] FOR UNIVERSITIES VERY. [00:59:39] BUT YOU'RE ALSO MAKING THE ARGUMENT THAT THESE ARE [00:59:43] PRACTICES AND NORMS THAT CAN BE IN, YOU KNOW, INCULCATED, [00:59:47] DEVELOPED MUSCLES. IS THAT THE WORK OF WHAT YOU. [00:59:50] WHEN I LOOK AT THE OBAMA CENTER, [00:59:54] THE CORE OF IT IS TRAINING [00:59:58] LEADERS. CAN YOU TRAIN PEOPLE TO BE LEADERS? [01:00:01] CAN YOU TRAIN PEOPLE IN DEMOCRACY? ABSOLUTELY. [01:00:03] >> LOOK. [01:00:05] I WAS ELECTED PRESIDENT BECAUSE [01:00:09] I HAD AN ARMY OF. [01:00:13] 20 SOMETHING YEAR OLDS, [01:00:16] BASICALLY AT THE AGE OF A BUNCH [01:00:18] OF THE YOUNG PEOPLE WHO ARE [01:00:20] ABOUT TO GRADUATE, WHO WE [01:00:24] DROPPED INTO CORN FIELDS IN IOWA [01:00:28] AND SMALL TOWNS IN NEW HAMPSHIRE. [01:00:34] AND. [01:00:36] CREATED A DEMOCRATIC MOVEMENT [01:00:39] AND PROCESS. [01:00:42] OUT OF WHOLE CLOTH. IN SOME WAYS THAT THEN SWAMPED [01:00:45] ALL THE PROFESSIONAL CONSULTANTS [01:00:50] AND. [01:00:51] POLLSTERS AND MACHINERY UPENDED [01:00:55] THE POLITICAL SYSTEM. [01:00:57] AND IT WAS KIDS WHO DID IT [01:01:01] BECAUSE ACTUALLY. [01:01:04] THESE HABITS I TALK ABOUT ABOUT [01:01:10] DEMOCRACY. DRAW ON THINGS THAT ARE INSIDE OF US. [01:01:13] I'LL GIVE YOU A SIMPLE EXAMPLE. [01:01:16] SO THE LEADERS WE HAVE VERY AND [01:01:22] BOTH THE WORK THEY DO AND THE [01:01:26] STAGES THEY ARE IN THEIR CAREERS, I MEAN, WE HAVE [01:01:28] PROGRAMS FOR YOUNG BOYS AND [01:01:30] GIRLS WHO ARE STILL IN SECONDARY [01:01:35] SCHOOL. WE'VE GOT A PROGRAM CALLED VOYAGERS FOR UNIVERSITY STUDENTS [01:01:40] WHO ARE INTERESTED IN PUBLIC SERVICE CAREERS. [01:01:43] BUT WE ALSO HAVE A LEADERS PROGRAM, NOT JUST HERE BUT IN EUROPE AND AFRICA AND ASIA THAT [01:01:48] INCLUDES MEMBERS OF PARLIAMENT OR CHIEFS OF STAFF, OF [01:01:50] GOVERNMENTS, OR DOCTORS WHO HAVE [01:01:54] ALREADY SET UP, YOU KNOW, WOMEN'S HEALTH CLINICS IN [01:01:56] SUB-SAHARAN AFRICA OR ARE [01:01:58] WORKING ON MISINFORMATION AND OR [01:02:01] HUMAN RIGHTS LAWYERS IN RUSSIA [01:02:05] OR ARE THEY, YOU KNOW, CONSERVATION AND SOME VIETNAM [01:02:09] PEOPLE IN THEIR THIRTIES WHO HAVE ALREADY DONE AMAZING STUFF. [01:02:13] WE GET THEM TOGETHER. [01:02:15] THE FIRST THING WE DO IS WE HAVE [01:02:21] A WHOLE MODULE JUST AROUND [01:02:27] LISTENING TO PEOPLE. [01:02:30] BECAUSE IT TURNS OUT THAT YOU [01:02:34] CAN TEACH PEOPLE TO TAP INTO [01:02:37] THEIR CURIOSITY ABOUT OTHER [01:02:39] PEOPLE, PEOPLE WHO ARE NOT LIKE [01:02:44] THEM INSTEAD OF GOING INTO A [01:02:48] COMMUNITY SAYING, I WANT TO BE A LEADER AND I'VE GOT A PLAN. [01:02:51] WHAT WE SAY IS GO INTO COMMUNITY [01:02:53] AND ASK PEOPLE WHO THEY ARE AND [01:02:55] WHAT THEIR STORIES ARE AND WHAT [01:02:57] THEIR TRADITIONS ARE AND WHAT THEIR VALUES ARE. [01:03:01] AND BE QUIET AND SHOW SOME [01:03:05] HUMILITY BECAUSE IT TURNS OUT THAT IF YOU ARE OPEN TO [01:03:11] LISTENING, PEOPLE WILL WILL TELL [01:03:13] YOU AMAZING THINGS ABOUT THEIR LIVES. [01:03:16] THEY'LL TALK ABOUT THE IMMIGRANT [01:03:19] GRANDPARENTS WHO CAME HERE AND, YOU KNOW, SITTING THERE [01:03:24] LISTENING TO THEIR GRANDMA STORIES. [01:03:27] AND THEY'LL TALK ABOUT THE GREAT MIGRATION AND HOW, YOU KNOW, [01:03:33] AFRICAN-AMERICAN FAMILY IN ALABAMA MADE THEIR WAY TO CHICAGO. [01:03:35] AND THEY'LL THEY'LL TALK ABOUT [01:03:38] THEIR FEARS AND THEIR HOPES. AND WHEN YOU DO THAT, WHEN YOU [01:03:41] LISTEN TO PEOPLE STORIES AND YOU START STITCHING IT TOGETHER WITH [01:03:45] YOUR WORDS, YOU ARE NOW CREATING A RELATIONSHIP WITH THEM THAT [01:03:49] TRANSCENDS JUST SELF-INTEREST [01:03:53] AND YOU BUILT SOME TRUST AND NOW YOU'RE IN A POSITION TO ACTUALLY [01:03:56] SAY, YOU KNOW WHAT, WE ACTUALLY SHARE THIS STUFF. [01:03:59] MAYBE WE SHOULD WORK TOGETHER AND GET THIS DONE. WHAT DO YOU THINK? [01:04:03] SO YOU CAN TEACH. AND I'M JUST USING THAT AS ONE EXAMPLE. [01:04:07] YOU CAN'T TEACH THESE SKILLS. [01:04:11] AND I THINK ONE OF THE THINGS [01:04:12] THAT WE ARE MISSING AND WHAT [01:04:15] UNIVERSITIES AT THEIR BEST CAN [01:04:18] PROVIDE IS. [01:04:23] DEVELOPING A PRACTICE OF HOW DO [01:04:26] WE TALK TO EACH OTHER AND SEE [01:04:28] EACH OTHER AND RECOGNIZE EACH [01:04:30] OTHER AND RESPECT EACH OTHER, [01:04:32] EVEN IN DEEP DISAGREEMENT THAT [01:04:37] IS THE ESSENCE OF DEMOCRACY. BUT I WOULD ALSO ARGUE AS THE [01:04:40] ESSENCE OF THE BEST FORMS OF LEADERSHIP, THERE'S ANOTHER [01:04:44] MODEL OF LEADERSHIP AND IT'S GOT A LONGER LINEAGE WHICH INVOLVES [01:04:50] HIERARCHY AND DOMINANCE AND [01:04:52] SUBMISSION AND SCAPEGOATING AND [01:04:55] RACISM AND ANTI-SEMITIC ISM AND [01:04:57] PUTTING WOMEN IN THEIR PLACE AND PUTTING GAY PEOPLE BACK IN THE [01:05:02] CLOSET. THAT THAT IS AND IS IS BACKED BY [01:05:05] COERCION AND VIOLENCE. [01:05:06] AND THAT IS A, YOU KNOW. [01:05:11] A LONG TIME MECHANISM FOR RULE [01:05:17] AND POWER. [01:05:19] BUT THE AMERICAN EXPERIMENT IS [01:05:21] PREMISED ON THIS DIFFERENT IDEA AT ITS BEST. [01:05:25] AND WE HAD CONQUEST AND WE HAD [01:05:27] SLAVERY AND NATIVE AMERICANS [01:05:30] WERE REMOVED FROM THEIR LAND AND WE DID A BUNCH OF TERRIBLE THINGS. [01:05:33] BUT AT OUR BEST. [01:05:37] WHAT CAME OUT OF THAT AMERICAN REVOLUTION WAS THIS DIFFERENT [01:05:41] IDEA. AND THAT'S THE KIND OF [01:05:43] LEADERSHIP WE NOT ONLY BELIEVE [01:05:48] WE CAN DEVELOP, BUT I WOULD [01:05:50] ARGUE HAS TO BE DEVELOPED AT [01:05:52] THIS TIME, AT THIS MOMENT IN OUR [01:05:55] HISTORY, BECAUSE THE WORLD WHAT [01:05:58] THE INTERCONNECTIVITY HAS DONE [01:05:59] IS IT HAS THE WORLD'S HAVE [01:06:03] COLLIDED. YOU HAVE VILLAGES IN MY [01:06:08] GRANDMOTHER'S, YOU HAVE PEOPLE IN MY GRANDMOTHER'S VILLAGE IN [01:06:13] ILLEGAL OR IN RURAL KENYA WHO [01:06:16] ARE WATCHING THE KARDASHIANS ON [01:06:18] THEIR CELL PHONES. [01:06:21] PART OF WHY CULTURE WARS SEEM TO [01:06:26] ACCELERATE AND PEOPLE FEEL SO THREATENED IS BECAUSE IT USED TO [01:06:29] BE THAT FOLKS IN. [01:06:34] SAN FRANCISCO AND FOLKS IN LUBBOCK, TEXAS, DIDN'T [01:06:37] NECESSARILY KNOW HOW THE OTHER WAS LIVING. [01:06:42] AND NOW IT'S IN THEIR FACES AND THEY FEEL THREATENED BY THAT. [01:06:46] AND IF WE IF WE CAN DEVELOP A [01:06:48] CAPACITY TO SEE EACH OTHER AND [01:06:50] RECOGNIZE OUR COMMON HUMANITY, [01:06:53] THAT THE KINDS OF OLD STYLE [01:06:56] LEADERSHIP WITH THE DESTRUCTIVE [01:06:59] WEAPONS WE HAVE AND THE MEANS OF [01:07:03] PROPAGANDA THAT WE CURRENTLY [01:07:03] HAVE THAT WILL BE A RECIPE FOR [01:07:08] TRAGEDY AND WE'VE GOT A BETTER OPTION. [01:07:11] IT'S MORE FUN NOT HATING EACH [01:07:13] OTHER AND TRYING TO GET ALONG [01:07:15] AND WORKING TOGETHER. [01:07:17] SO THEREFORE, THAT'S MY VIEW. [01:07:20] YOU KNOW, I'M LISTENING TO YOU [01:07:24] AND WE'RE GETTING NEAR THE END OF OUR TIME. >> WE'RE ACTUALLY AT THE END OF OUR TIME. BUT I'M GOING TO ASK THIS [01:07:28] QUESTION, LISTENING TO YOU AND [01:07:32] REMEMBERING THE OPERATIVE POLITICAL FRAME OF HOPE THAT YOU [01:07:36] BROUGHT. AND I LOOK AT OBAMA CENTER AND [01:07:38] ITS WORK. WHAT PERCENTAGE OF YOUR WORK NOW [01:07:42] IS BASED ON THIS FAITH IN THIS [01:07:46] OPTIMISM, HOPE, OR HOW MUCH OF IT IS LIKE A REARGUARD ACTION OF [01:07:50] DESPAIR? NO, I LOOK AT I MEAN, YOU WERE [01:07:54] ASKING ABOUT THE ROLE OF [01:07:56] UNIVERSAL IS RIGHT. [01:08:00] >> MY UNIVERSITY YEARS INVOLVED [01:08:03] SOME EXCESSIVE PARTYING AT THE [01:08:08] BEGINNING. AND THEN I KIND OF FLIPPED A [01:08:11] SWITCH AND BECAME A SORT OF WAY [01:08:14] TO SERIOUS AND AND ISOLATED AND [01:08:23] ALMOST MONKISH FOR THE LATTER [01:08:26] PART OF IT. I WAS ALL OUT OF BALANCE TRYING [01:08:30] TO FIGURE STUFF OUT. BUT THE ONE THING THAT HAPPENED TO ME DURING MY TIME AT THE [01:08:33] UNIVERSITY IS AND I THINK THIS [01:08:36] IS AN ESSENTIAL ROLE OF A [01:08:38] UNIVERSITY AND PARTICULARLY LIBERAL ARTS UNIVERSITIES TO GET [01:08:44] YOU TO THINK DEEPLY ABOUT WHAT ARE YOUR DEEPEST COMMITMENTS, [01:08:47] YOUR VALUES? DO YOU HAVE A CODE? WHAT ARE THE THINGS YOU'RE [01:08:52] WILLING TO SACRIFICE FOR? [01:08:56] WHAT GIVES MEANING TO YOUR AND PURPOSE, TO YOUR LIFE. [01:09:02] AND AND THAT WAS A GREAT GIFT AND A LUXURY. [01:09:05] AND AND EACH UNIVERSITY HAS TO [01:09:08] DO DIFFERENT THINGS OR CAN [01:09:10] CHOOSE TO DO DIFFERENT THINGS. [01:09:12] YOU KNOW, THERE ARE SOME UNIVERSITIES. THEIR MISSION IS WE'VE GOT TO [01:09:16] MAKE SURE THAT PEOPLE FIND A WORK IN A NEW ECONOMY AND ARE [01:09:20] TRAINED AND THAT'S A THAT'S A NOBLE MISSION. AND PURSUIT. [01:09:24] AND BUT BUT DURING THAT TIME, PARTICULARLY IN YOUR LATE TEENS, [01:09:28] EARLY TWENTIES, THAT'S THE TIME [01:09:30] TO FIGURE OUT WHAT'S IMPORTANT TO YOU. [01:09:32] I SAY ALL THAT BECAUSE. [01:09:37] ONE CONCLUSION THAT I DREW FROM [01:09:41] THIS PERIOD OF TIME, BOTH [01:09:43] PARTYING AND READING A LOT OF [01:09:50] BOOKS. [01:09:52] WAS THAT THE THE WORLD IS [01:09:58] COMPLICATED AND HUMANS ARE [01:10:00] REALLY COMPLICATED AND WE ARE. [01:10:09] WANDERING THROUGH DURING THIS [01:10:10] BRIEF TIME THAT WE HAVE WITH [01:10:16] GOOD AND BAD AND BEAUTY AND [01:10:18] UGLINESS AND VIOLENCE AND LOVE [01:10:22] CONSTANTLY PULLING AT US AND [01:10:24] HAPPENING TO US AND INSIDE US [01:10:29] AND WHERE WE GET POWER IS WHEN [01:10:33] WE MAKE A DECISION TO TO PURSUE [01:10:37] AND EMBODY AND TRY AS BEST WE [01:10:40] CAN IMPERFECTLY, TO LIVE OUT A A [01:10:44] SENSE THAT, YOU KNOW WHAT THIS IS A WONDEROUS AMAZING JOURNEY. [01:10:46] I'M ON. AND LET ME SHARE IT WITH SOME [01:10:50] FELLOW TRAVELERS AND DO MY BEST [01:10:54] AND AND WORK THROUGH THE TOUGH TIMES AND APPRECIATE THE GOOD [01:10:59] ONES. AND SO, SO HOPE FOR ME. [01:11:02] AND I'VE SAID THIS IN THE SPEECH [01:11:04] THAT KIND OF LAUNCHED MY NATIONAL POLITICAL CAREER ABOUT [01:11:08] HOPE, A HOPE AS NEVER BLIND [01:11:10] OPTIMISM AND YOU KNOW, IT HOPE [01:11:14] HOPE IS GROUNDED IN A CLEAR EYED [01:11:18] RECOGNITION THAT TOUGH THINGS [01:11:22] HAPPEN AND THE WORLD IS DEEPLY IMPERFECT. [01:11:26] BUT WE HAVE THE AGENCY, WE MAKE [01:11:29] CHOICES ABOUT WHAT WE. [01:11:34] WHAT WE FEED AND WHAT WE STARVE. [01:11:36] AND I'D RATHER FEED IN THAT [01:11:43] SENSE THAT THERE IS A THERE'S A [01:11:45] COMMONALITY IN THE GOODNESS IN PEOPLE. AND THAT I'D RATHER STARVE THOSE [01:11:49] PARTS OF ME THAT ARE GREEDY OR [01:11:51] OR SELFISH OR SCARED OR MEAN AND [01:12:02] I THINK THAT'S SOMETHING THAT WE [01:12:04] ALL WRESTLE WITH AND WE ALL HAVE THE CAPACITY TO MAKE OUR OWN [01:12:09] CHOICES. I LIKE MY CHOICE, AND I'D LIKE IT FOR THE COUNTRY AS WELL. [01:12:13] SO ALL RIGHT. [01:12:17] >> THANK YOU. IT WAS GOOD. [01:12:22] ALL RIGHT. OF COURSE, I HAVE MORE [01:12:24] QUESTIONS, BUT I THINK TO END ON [01:12:26] THAT NOTE, WHICH IS NOT JUST A POLITICAL MANIFESTO, BUT A [01:12:30] MANIFESTO THAT SHOULD ANIMATE ANY COLLEGE OR UNIVERSITY. [01:12:33] >> SO YOUR HIRED TO BE A PROFESSOR, THIS WHOLE THING WAS A JOB INTERVIEW. [01:12:37] LET'S THANK PRESIDENT OBAMA FOR [01:12:39] BEING HERE AND. [01:12:46] REALLY TRUE. [01:12:56] >> ON SUNDAY, NEBRASKA REPUBLICAN SENATOR PETE RICKETTS [01:13:00] ATTENDS HIS STATE'S ANNUAL STEAK FRY TO FUNDRAISE FOR HIS MIDTERM [01:13:03] REELECTION CAMPAIGN. THIS YEAR'S EVENT FEATURES SPEAKERS, INCLUDING REPUBLICAN [01:13:07] SENATOR JOHN KENNEDY FROM LOUISIANA, ANNA FROM WEEPING [01:13:10] WATER, NEBRASKA. WATCH IT LIVE AT 1 P.M. EASTERN [01:13:13] ON C-SPAN ONLINE AT C-SPAN DOT ORG AND OUR FREE C-SPAN NOW [01:13:17] VIDEO APP. [01:13:21] SUNDAY NIGHT ON C-SPAN IS Q&A. [01:13:26] NBC NEWS CHIEF WASHINGTON AND FOREIGN AFFAIRS CORRESPONDENT [01:13:28] ANDREA MITCHELL TALKS WITH OUR HOST PETER SLIM ABOUT SOME OF [01:13:31] THE BIGGEST STORIES AND MOST IMPORTANT PEOPLE SHE'S COVERED [01:13:35] DURING HER NEARLY 50 YEARS WITH THE NETWORK I CALL THE CONTROL [01:13:39] ROOM TO TALK TO TOM BROKAW. >> WE'RE STANDING BY READY TO GO LIVE. [01:13:42] AND HE SAID, WHO'S YOUR SOURCE? [01:13:45] AND I TOLD YOU, BECAUSE WE HAD A [01:13:49] TWO SOURCE RULE FOR SURE. AND THIS WAS A SINGLE SOURCE. [01:13:53] THAT WAS SOMEONE WHO OBVIOUSLY [01:13:55] WAS IN THE DECISION MAKING. [01:13:59] AND TOM SAID, SUIT UP, KID. [01:14:01] YOU'RE GOING ON THE AIR. >> NBC NEWS CHIEF WHITE INGTON [01:14:05] AND FOREIGN AFFAIRS CORRESPONDENT ANDREA MITCHELL. [01:14:07] SUNDAY NIGHT AT EIGHT EASTERN ON C-SPAN'S Q AND A. [01:14:11] YOU CAN LISTEN TO Q&A AND ALL OF [01:14:14] OUR PODCASTS ON OUR FREE C-SPAN NOW APP OR WHEREVER YOU GET YOUR [01:14:19] PODCASTS. ON MONDAY, AWARD WINNING [01:14:23] JOURNALIST JUDY WOODRUFF AND NEW YORK TIMES COLUMNIST JAMELLE [01:14:26] BOUIE DISCUSS THEIR EXPERIENCES COVERING POLITICS IN AMERICA. THEY'LL ALSO TALK ABOUT THE [01:14:31] EVOLVING MEDIA LANDSCAPE, THE IMPORTANCE OF FREEDOM, OF THE PRESS, AND HOW POLITICAL [01:14:35] REPORTING HAS CHANGED OVER THE YEARS. HOSTED BY THOMAS JEFFERSON'S [01:14:38] HISTORIC MONTICELLO. WATCH THAT DISCUSSION LIVE. [01:14:41] BEGINNING AT 6 P.M. EASTERN ON [01:14:44] C-SPAN TWO ONLINE AT C-SPAN DOT ORG OR WITH OUR FREE C-SPAN. [01:14:48] NOW VIDEO APP. [01:14:51] >> THE ASSOCIATED PRESS AND OTHERS ARE REPORTING THAT PRESIDENT TRUMP HAS MADE GOOD ON [01:14:56] HIS BAN OF CNN AND IS NOW. AND POLITICO FROM THE WHITE [01:14:59] HOUSE. CNN CONFIRMED THE REPORT SAYING [01:15:04] CORRESPONDENT BETSY KLEIN WAS DENIED ENTRY AND HER CREDENTIALS WERE SEIZED. [01:15:07] M.S. NOW RELEASED A STATEMENT FOLLOWING SATURDAY'S ACTIONS [01:15:11] THAT READS IN PART. EARLIER THIS MORNING, OUR [01:15:13] JOURNALISTS WERE DENIED ACCESS TO THE WHITE HOUSE GROUNDS. [01:15:17] THE WHITE HOUSE BELONGS TO THE AMERICAN PEOPLE. [01:15:19] AND THE DECISIONS MADE INSIDE ARE FUNDED BY OUR TAX DOLLARS. [01:15:23] M.S. NOW INTENDS TO TAKE ANY AND [01:15:25] ALL STEPS NECESSARY TO DEFEND OUR FIRST AMENDMENT RIGHTS AND [01:15:29] THE ESSENTIAL ROLE OF INDEPENDENT JOURNALISM IN OUR DEMOCRACY. [01:15:33] FOLLOWING PRESIDENT TRUMP'S ANNOUNCEMENT OF THE BANS, WHITE [01:15:35] HOUSE CORRESPONDENT ASSOCIATION PRESIDENT JACQUI HEINRICH [01:15:39] RELEASED A POST THAT READS IN PART, THE PRESIDENT SAID IT PLAINLY IN THE OVAL OFFICE, [01:15:43] DESCRIBING HIS OWN PLANNED ACTION AS A BAN ON THE FREE PRESS. [01:15:47] THE CONSTITUTION PROTECTS THE FREEDOM OF THE PRESS FROM [01:15:51] GOVERNMENT INTERFERENCE. THAT PROTECTION DOES NOT DEPEND [01:15:53] ON WHETHER THE PRESIDENT LIKES A NEWS ORGANIZATIONS COVERAGE [01:15:57] AGREES WITH ITS REPORTING OR APPROVES OF THE QUESTIONS ITS [01:16:00] JOURNALISTS ASK. THIS IS ABOUT MORE THAN THE [01:16:03] RIGHTS OF JOURNALISTS. IT IS ABOUT THE RIGHT OF THE AMERICAN PEOPLE TO RECEIVE A [01:16:08] FULL AND INDEPENDENT ACCOUNT OF THE ACTIVITIES, POLICIES AND [01:16:10] DECISIONS OF WHOEVER OCCUPIES [01:16:12] THE NATION'S HIGHEST OFFICE. [01:16:18] >> NEXT, A CONVERSATION WITH COAUTHORS MAGGIE HABERMAN AND [01:16:22] JONATHAN SWAN ON THEIR BOOK, REGIME CHANGE INSIDE THE [01:16:25] IMPERIAL PRESIDENCY OF DONALD TRUMP. THE BOOK COVERS THE FIRST YEAR [01:16:29] OF THE SECOND TRUMP ADMINISTRATION, AND THE TWO AUTHORS TALK ABOUT THE [01:16:33] PRESIDENT'S USE OF EXECUTIVE ACTIONS TO BYPASS CONGRESSIONAL [01:16:35] APPROVAL, PARDONS AND THE FUTURE OF MAGA. THE DISCUSSION TOOK PLACE AT THE [01:16:40] ATLANTIC FESTIVAL IN NEW YORK CITY. [01:16:42] IT RUNS JUST UNDER HALF AN HOUR. [01:16:48] >> JONATHAN DEMME, WELCOME TO THE ATLANTIC FESTIVAL. >> [01:16:51] >> LISTEN, AFTER NINE WEEKS AT [01:16:56] NUMBER ONE ON THE NEW YORK TIMES BESTSELLER