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Detailed text transcripts for TV channel - MSNBC - 20120115:14:35:00

so to change the law like you said and permit these types of things, i think is the way to make. it i think people don t realize jack, i am let you respond in a second. i think people don t realize i had a friend that ran for congress. completely eye opening for me. even though at the point he ran for congress i had been a political journalist for a while. i was covering campaigns and talking to people. but to watch it from the inside, someone going through it, i mean, what you do is 90% first 95% is, raise money. you sit in a windowless office in a room with numbers and your campaign manager tells you hit the phones and you call people and get money. last 10% is buy a bunch of ads. unless you are self-funding, and while you have a wealth gap between congress and the rest of the country, lot of it has to do with growing wealth cap growing money. make these calls upwards of 11:00 at night on the phone. when the lawyer walked in i would get his empathy vote. boy, you called late

Detailed text transcripts for TV channel - MSNBC - 20120115:14:26:00

have to at the very least vote on sign off on any political expenditures. what do you think of that idea? i think it is a great idea. look, did i m a stockholder, if i have money invested in a corporation, that corporation is spending money and against something that i believe in. do i have a right to voice that concern? of course i should. the other things that you can do short of a constitutional amendment, for example, is if i put an ad in as a candidate, an ad on television, i have to say that i m senator bernie sanders, i approve this ad. there s legislation out there right now that we can t get any republican support for to say that if the ceo of bank of america is putting money into an ad, let that ceo i m the ceo of exxonmobil, i approve this ad. the third thing, of great concern, by the way, is that if you have companies in this country that are controlled by, say the chinese government, chinese money, right now they

Detailed text transcripts for TV channel - MSNBC - 20120115:14:32:00

and elizabeth warren has a very impressive one of the things that s inning, campaign committee, progressive group, obviously interacting with one of the people that worked there. they were noting that they raised $600,000 from her for her from about 31,000 grassroots donations. that s an average donation of $19 a donation. and i think one of the one of the things to think about is i think there is a sense in 2008, particularly with the amount of first howard dean in 2004, obama in 2008, in which you saw the average donation go down because of what the internet allowed people to do. but you could beat big money by democra democra democratizing. i m curious what you think of that. it seems to me like that may work for a cycle or two but particularly in the citizens united world, it is unclear how unsustainable that is as the model we will use to deal with the problem. that is the model. as we were talking about the

Detailed text transcripts for TV channel - MSNBC - 20120115:14:38:00

don t have regulations and the money has rolled back and regulations that would save lives. you have to take it out of the process and that s what movements are beginning to do. talking about this morning says that ordinary citizens don t matter. they don t have a voice in the process. we don t have a real workable democracy anymore. unless you take that enormous corporate money out of the equation, it is that that s not going to change and you can t get all that money out and if you yoo overturn citizens united. or buckley versus to go back to original sin. speech is not money. money is not speech. that s a broader conversation. look, that s where conservatives and progressives are not going to agree. conservatives basically feel that s a tentative speeches, money. every express one does with one s possible eggs is speech. how do you deal with two hours arguing. i m saying that i was a lobbyist. lobbyists are bottom-line guys. one thing that remained most has b

Detailed text transcripts for TV channel - MSNBC - 20120115:13:18:00

in not with everybody up there but with certain of them they just don t care. they feel they are above the law and there isn t a law. basically this is accepted behavior and that s the problem in washington, this is accepted behavior. that has to change. it can also have a real undue influence on taking a strong position. for example, i was brand-new congressman and this group called c.a.r.e., relationships between the muslim community and other countries and americans. placed on my schedule. i didn t even know it. it hit the internet. boy, everyone from the majority leader and everyone says you can t go and talk to them. but some of them were in my district. u.s. citizens. i went and spoke. when i looked at those who did not agree with speaking with them, the impact in my following election was well over $500,000 and would not come from those the position at least let s talk with them and you were cut off from money, you are say sxwlg without a question. because have you tak

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