WEBVTT - Bribes, Bills and Billionaires | The Schmidt Storm

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<v Speaker 1>Welcome to another edition of the schmid Storm.

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<v Speaker 2>You've got questions, and I'll do my best to give

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<v Speaker 2>you some answers. And the first question is that whatever

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<v Speaker 2>it is that passes the Big Beautiful Bill, as Trump

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<v Speaker 2>calls it, will pass.

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<v Speaker 1>In some form after it does.

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<v Speaker 2>How should Democrats campaign against it?

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<v Speaker 1>This is a great question.

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<v Speaker 2>And unfortunately, the Big Beautiful Bill an obscenity without precedent.

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<v Speaker 2>And I say this with no hyperbole, no exaggeration can

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<v Speaker 2>back this up. Is the singularly most corrupt piece of

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<v Speaker 2>legislation in American history, and it will pass now. The

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<v Speaker 2>fact that the odious Mike Lee had a backup and

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<v Speaker 2>backtrack and retreat on his plan to sell off one

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<v Speaker 2>hundred and thirty two million acres of public land just

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<v Speaker 2>because a good thing happened because a bad thing was stopped,

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<v Speaker 2>does not reduce in total the evil of this bill,

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<v Speaker 2>which betrays no group of Americans more broadly as a

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<v Speaker 2>political constituency than the Trump voter, who will.

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<v Speaker 1>Pay a heavy, heavy, heavy price if.

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<v Speaker 2>You live in a rural area for trusting and entering

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<v Speaker 2>into a business deal of sorts with Donald Trump.

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<v Speaker 1>He said, vote for me. I'll make America great. Again.

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<v Speaker 2>And the reality is is he took your Medicaid away,

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<v Speaker 2>he took your access to a doctor away, and he

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<v Speaker 2>closed down your rural hospital, and he slashed your VA benefits,

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<v Speaker 2>and he cut off the parks, and he shut down

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<v Speaker 2>the national parks, and he fired the park rangers, and

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<v Speaker 2>he abused the land.

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<v Speaker 1>That's what he did.

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<v Speaker 2>And so Democrats will just have to communicate clearly because

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<v Speaker 2>the things that will happen.

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<v Speaker 1>The checks that won't come.

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<v Speaker 2>For example, the Social Security Administration because of Musk's vandalism,

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<v Speaker 2>is in a stage of near collapse. As all of

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<v Speaker 2>these things accumulate, as people feel it. The anchors on

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<v Speaker 2>Fox News who are making fifty sixty million dollars a year, well,

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<v Speaker 2>all of the bullshit will start to stink a little

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<v Speaker 2>bit more, a little bit more, a little bit more.

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<v Speaker 2>And the reality is the images of the bezo sweating.

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<v Speaker 1>That is the image of Maga. That's what this all is.

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<v Speaker 2>And Democrats simply need to put a question on the

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<v Speaker 2>table on their journey to redemption, which is, shouldn't there

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<v Speaker 2>be a check on Donald Trump? And the answer to

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<v Speaker 2>that question, and every day between today and the election,

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<v Speaker 2>it will intensify with the answer being yes, yes, please, yes,

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<v Speaker 2>there must be a check. The next question has to

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<v Speaker 2>do with the settlement by Sherry Redstone, who directed CBS

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<v Speaker 2>to settle Donald Trump's demands in his lawsuit against them

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<v Speaker 2>over the sixty minutes interview with Kamala Harris. And the suit,

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<v Speaker 2>of course, is meritless, and Elizabeth Warren is entirely correct

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<v Speaker 2>to call it what it is is a bribe. It's

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<v Speaker 2>a corrupt act, and Sharry Redstone, who paid the bribe,

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<v Speaker 2>should be investigated for bribery. This is a corrupt transaction

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<v Speaker 2>between billionaire now Shary Redstone, David Allison, the billionaire son

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<v Speaker 2>the owner of Skygance, the production company that makes the

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<v Speaker 2>Tom Cruise movies. He is the kid of Larry Ellison,

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<v Speaker 2>one of the world's richest men, a man who's given

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<v Speaker 2>tens of millions of dollars to the Maggot cause. David

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<v Speaker 2>Ellison will now run CBS News and he is a

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<v Speaker 2>Trump oligarch in firm standing. Now some will say David

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<v Speaker 2>Allison has given money to Democrats, or that David Allison

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<v Speaker 2>is a Democrat.

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<v Speaker 1>Nonsense.

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<v Speaker 2>David Allison is the man who broke CBS News by

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<v Speaker 2>making clear this had to be settled before the deal

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<v Speaker 2>could go through, so we.

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<v Speaker 1>Set the conditions.

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<v Speaker 2>Cherry Redstone has no character, and what she has done

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<v Speaker 2>to Edward R. Moro's network is fundamentally to poison it,

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<v Speaker 2>to shatter its credibility. So the institution has been set ablaze.

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<v Speaker 2>While there's still some good journalists there. It's just the

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<v Speaker 2>devastating day. And one more reason why you've seen such

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<v Speaker 2>a rise in independent media, where there are places that

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<v Speaker 2>are unafraid to tell you the truth, that have a

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<v Speaker 2>higher value as an institution than just making money. And

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<v Speaker 2>the warning is one of these places will tell you

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<v Speaker 2>the truth. Never settle anything like that. And it's a

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<v Speaker 2>shame that it was settled to CBS. And the next

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<v Speaker 2>question is what are the implications for journalism writ large

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<v Speaker 2>with this settlement.

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<v Speaker 1>They're not good.

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<v Speaker 2>What you'll see is more punch pulling in the corporate newsrooms.

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<v Speaker 2>In the corporate television newsrooms, you see a real crisis

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<v Speaker 2>of integrity, and a great many of them. Of course,

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<v Speaker 2>there are stallwarts. There are people that will hold the line,

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<v Speaker 2>that do hold the line.

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<v Speaker 1>People like my friend Nicole Wallace.

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<v Speaker 2>Being one of them, doesn't pull punches, tells you the

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<v Speaker 2>truth and does so courageously. But the truth is across

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<v Speaker 2>the broad spectrum of all of this, reporters are afraid,

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<v Speaker 2>people are intimidated. There is a chill in the air,

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<v Speaker 2>there is a fear in the air that you don't

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<v Speaker 2>say anything about Mega, you don't say anything about Trump,

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<v Speaker 2>maybe you'll get the dime drop to Ice, who will

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<v Speaker 2>come knocking on the door, even though you're an American citizen.

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<v Speaker 2>What we know know in this moment is that people

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<v Speaker 2>are scared, and we know the remedy to fear is

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<v Speaker 2>fearless ness. So political leadership requires to communicate to the

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<v Speaker 2>American people to not be afraid, and that includes to

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<v Speaker 2>the journalists because everything collapses without truth tellers. Now, truthtelling

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<v Speaker 2>in America is not collapsing. Corporate journalism is collapsing, and

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<v Speaker 2>there's a rise of a new form of journalism, independent

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<v Speaker 2>journalism that's fearless, and it is not so very different

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<v Speaker 2>than the type of journalism that rose during the Gilded Age.

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<v Speaker 2>The muckrackers were the ones who exposed child labor, who

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<v Speaker 2>exposed the abuses of the labor force, who exposed the

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<v Speaker 2>unsafe working conditions, who exposed the greed of the people

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<v Speaker 2>who are the precedent of the people who swirl.

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<v Speaker 1>Around Jeff Bezos.

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<v Speaker 2>So that is what's going to happen in America. Thank

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<v Speaker 2>God for the First Amendment, because even though corporate journalism

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<v Speaker 2>at some level is like a glass that has been

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<v Speaker 2>smashed against a brick wall, each shod that falls into

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<v Speaker 2>an American soil of the First Amendment has the potential

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<v Speaker 2>to regenerate and grow into a news organization that has

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<v Speaker 2>the ability to hold this administration, this regime, and all

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<v Speaker 2>of its.

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<v Speaker 1>Corruption to account.

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<v Speaker 2>The next question is what is my reaction to Elon

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<v Speaker 2>Musk declaring that he will form the American Party. Well,

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<v Speaker 2>it's not good because Elon Musk is a Nazi. Elon

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<v Speaker 2>Musk endorsed the German AfD, which is run and filled

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<v Speaker 2>with Neo Nazis. In fact, no small number of AfD

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<v Speaker 2>numbers scar their faces. They cut themselves with knives to

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<v Speaker 2>show their loyalty to the party. This is the party

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<v Speaker 2>that Elon Musk says is indispensable for Germany's future, and

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<v Speaker 2>so that's what this party would be. Elon Musk is

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<v Speaker 2>the greatest welfare queen in American history. Taxpayers, including me,

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<v Speaker 2>including you, have given him thirty eight billion dollars in subsidies.

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<v Speaker 2>He's a drug added billionaire who went into politics for

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<v Speaker 2>the power of it and because he's unhinged, because he's unbalanced.

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<v Speaker 1>It all fell apart.

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<v Speaker 2>In a few months, and now he's at war with

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<v Speaker 2>Donald Trump, who he elected with three hundred million dollars,

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<v Speaker 2>and the corrupt corporate media says, oh, Elon's good now,

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<v Speaker 2>because well, he's against Trump, when in fact Elon and

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<v Speaker 2>Trump are forever together. Because the vandalism, the damage of

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<v Speaker 2>Elon Musk, the security breaches involving Elon Musk, the fact

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<v Speaker 2>that the data that Elon Musk accumulated on all of

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<v Speaker 2>us is nowhere and everywhere, but nobody seems to know

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<v Speaker 2>anything about it, is still happening right now in this

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<v Speaker 2>present second. And so Elon Musk is not a political leader.

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<v Speaker 2>He's an American pancreatic cancer. There will be no Elon

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<v Speaker 2>Musk third party, and if there is, it will simply

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<v Speaker 2>be an extension of the fringe Nazi parties that already exist.

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<v Speaker 1>Elon Musk is a person.

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<v Speaker 2>Whose companies should be boycotted, whose defense contracts should be obliterated,

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<v Speaker 2>whose partnership with NASA should be ended, and whose rockets

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<v Speaker 2>should never carry from American soil, an American product or

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<v Speaker 2>satellite on them to space ever again.

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<v Speaker 1>Elon Musk was an grant.

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<v Speaker 2>To this country who took an oath to the Constitution

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<v Speaker 2>and has set about trying to burn it to ashes.

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<v Speaker 2>The contempt that we all feel for Elon Musk is

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<v Speaker 2>the exact same contempt we all feel for Donald Trump.

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<v Speaker 1>Because Musk and Trump are won.

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<v Speaker 2>They are they and them together forever joined two polls

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<v Speaker 2>on the fascist line that have brought misery and this

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<v Speaker 2>unprecedented assault on our liberties to the United States, on

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<v Speaker 2>all of us together, and that is their enduring legacy.

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<v Speaker 1>I'm Steve Schmidt. This is the warning.

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<v Speaker 2>I invite you to join this community, where I promise

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<v Speaker 2>to be honest, blunt and direct about what is happening

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<v Speaker 2>in this country. America is in crisis. Follow and subscribe

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<v Speaker 2>to this channel and on substack.

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<v Speaker 1>Thank you.