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tv   This Week With George Stephanopoulos  ABC  June 19, 2022 8:00am-9:00am PDT

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>> announcer: "this week" with george stephanopoulos starts right now. financial fear. >> the labor market is extremely tight and inflation is much too high. >> the fed hikes interest rates as prices high. >> jobs are back, but prices are still too high, covid is down but gas prices are up. our work isn't done. >> will taming inflation spark a recession? what's the president's plan for an unsettled economy. this morning, the woman at the center of it all, treasury secretary janet yellen with a "this week" exclusive. bring out pence! >> under threat. >> what if we between vice president and the mob. >> i could hear the din of the
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rioters in the building, i didn't think i was aware as they were close as that. >> laying the groundwork for criminal charges. >> he knew it was illegal, he knew it was wrong. >> republican congressman adam kinzinger on what's ahead. and -- >> therefore i shall resign the presidency effective at noon tomorrow. bob woodward and carl bernstein. >> nixon and trump are so alike in personality. it's all about nixon. it's all about trump. plus, our powerhouse roundtable on all the week's politics. >> announcer: from abc news, it's "this week." here, now, george stephanopoulos. good morning, and welcome to "this week." to all the dads out there, happy father's day. as we head into summer the u.s. economy has hit stiff headwinds, inflation continues to climb. the stock market is coming off its worst week since the pandemic, after
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the fed announced its largest interest rate hike in nearly 30 years. top ceos and economists now expect a recession soon as americans are set to pull back on spending. we're going to discuss it all with treasury secretary janet yellen after this report from chief business correspondent rebecca jarvis. >> reporter: from gas prices to rent, soaring inflation forcing the federal reserve's hand this week. for the first time since bill clinton was in office nearly 30 years ago, the central bank hiking interest rates three-quarters of a percent. >> responding now to a a robust and growing economy, of course it could be slowed down too much. >> reporter: now, almost three decades later, with grocery prices up nearly 12% and gas up near 50%, voters again are heading from the pumps to the polls with the economy top of mind. the fed's aggressive shift, coupled with historic inflation that's costing american families
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an extra $350 a month, already having an impact. >> the economy and the country have been through a lot over the past 2 1/2 years and have proved resilient. it's essential that we bring inflation down. >> reporter: the average 30-year fixed rate mortgage has jumped from 3% to more than 6% this year, stocks have plunged 23% and just this week, early signs consumers are cutting back spending. with retail sales down .3%. now there's a real risk that fed will have to induce a mild recession to stave off an even larger one. maybe smart economics but not for politics. a prominent poll taken days before the 1994 midterm elections found voters concerned and anxious over the economy, indicated broad disapproval of the democratic majority in power, that election flipped both the house and senate, ushering in the largest gop
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majority in decades. voters from both parties consider the economy a major priority. listing it and inflation as its their top concerns. with many economists expecting a recession in the coming months, the ever-present russia/ukraine conflict, continuing supply chain issues, the question remains, five months until the midterm election, will democrats face a similar fate? for "this week," rebecca jarvis, abc news, new york. thanks to rebecca for that. we're joined now by treasury secretary janet yellen. thanks for joining us this morning. the wall street journal reported this morning that 44% of economists expect a recession within the next year, is that what you expect as well? >> well, i expect the economy to slow. it's been growing at a very rapid rate as the economy is the labor market is recovered and we reached full employment, it's natural now that we expect to
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transition to steady and stable growth. i don't think recession is at all inevitable. chair powell, clearly inflation is unacceptably high, it's president biden's top priority to bring it down, and chair powell has said that his goal is to bring inflation down while maintaining a strong labor market that's going to take skill and luck, but, i believe it's possible. i don't think a recession is inevitable. >> you say it's not inevitable. the question is, is it likely? we're already seeing consumers start to pull back on services especially some signs that the job market may be slowing as well. >> well, i think consumer spending remains very strong, there's month to month volatility, but overall spending is strong although patterns of spending are changing and higher
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food and energy prices are certainly affecting consumers and making them change their patterns of spending, but bank balances are high. it's clear that most consumers, even lower income households, continue to have buffer savings that will enable them to maintain spending, so i don't see a dropoff in consumer spending. as a likely cause of the recession in the months ahead and the labor market is very strong, arguably the strongest of the post-war period, not only is the unemployment rate near historic lows but there are two job vacancies for every unemployed worker, so the labor market remains extremely strong, unemployment insurance claims near their lowest levels in history. >> it turns out that you and the
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president maybe even the fed were too optimistic about inflation last year, concern that might be happening with your suggestion that a recession is not inevitable. >> well, inflation is really unacceptably high. part of the reason is, russia's war on ukraine, his boosted energy and food prices in the united states and globally. it's important to recognize that the united states is certainly not the only advanced economy suffering from high inflation and we see it in the uk, we see it in france, germany, italy, and the causes of it are global, not local. supply chain snarls partly resulting from lockdowns in china are also boosting inflation and so, these factors
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are unlikely to diminish immediately, but over time i certainly expect inflation to come down and i think it's possible to have that happen in the context of a strong labor market. >> you expect it to come down but prices are going to go up before they go down, right. most economists expect the inflation rate to move up around 7% by the end of the year, does that sound about right to you? >> well, we've had high inflation in first half of this year and that locks in high inflation really for the entire year, but i do expect in the months ahead that the pace of inflation -- it's likely to come down, although remember, there are so many uncertainties relating to global developments and we're united with our allies in certainly wanting to take the
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steps necessary to address, to, you know, punish russia for what it's doing in ukraine and there are some spillovers to us as well. >> you say inflation is a global problem, and it certainly is, how do you explain the fact that europe's core inflation was under 4% and the united states was at 6%. >> so, you know, energy prices spillover is really half of inflation, food and energy, and there are spillovers because energy is an important input into almost everything in the economy. it's true that we've had core inflation over and above that that's too high and the fed will take steps to bring it down and president biden believes there are other things the administration can do to support what the fed will do.
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he's had historic releases of oil from the strategic petroleum reserve, even though gas prices are high they would be higher without those releases. he stands ready to work and is encouraging producers of oil and refined products, gas, to work with him to increase supplies to bring gas prices and energy prices down. and if congress will work with him to enact some of the administration's programs we can bring down other costs that are burdening households, like prescription drugs, healthcare costs, increase the supply of affordable housing, we clearly have a housing problem in the united states. and we need to address it by building more affordable housing.
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>> the american petroleum institute's pushing back to what the president is saying on resources. what his president said on wednesday. misguided policy agenda shifting away from domestic oil and natural gas has compounded inflationary pressures and added headwinds to companies. ho do you respond to that? >> well, i don't think that the policies are responsible for what's happening in the oil market. actually, consumption of gas and fuels are currently at lower levels than pre-pandemic, and what's happened is that production has gone down, refinery capacity has declined in the united states and oil production has declined. i think that producers were partly caught unaware by the strength of the recovery in the economy and weren't ready to meet the needs of the economy,
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high prices shouldn't increase supplies over time. look, it's a medium term matter the way in which we can ensure reasonable energy expenses for households is to move to renewables, to address climate change, as a medium term matter and that's the way to free us from geopolitical movements in oil price. >> how about the short term, several in congress are calling for a gas tax holiday, is that on the table? >> well, look, you know, president biden wants to do anything he possibly can to help consumers. gas prices have risen a great deal and it's clearly burdening households, so he stands ready to work with congress and that's an idea that certainly worth
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considering. >> how about lifting -- this is separate from gas prices -- but for broader consumers spending, how about lifting the tariffs on chinese imports? >> president biden is reviewing tariff policy toward china. he inherited a set of tariffs from the trump administration, many of which were put on as retaliation for china's failure to respond to abuses that weren't covered in an investigation. we all recognize that china engages in a range of unfair trade practices that it's important to address. but the tariffs we inherited, some serves no strategic purpose and raise costs to consumers and so reconfiguring some of those tariffs so they make more sense
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and reducing unnecessary burdens is something that's under consideration. >> so we should expect that soon? >> it's under consideration. i don't want to get ahead of where the policy process is. >> secretary yellen, thanks very much for your time this morning. >> thank you. coming up, congressman adam kinzinger on the next round of hearings for the january 6th committee. plus, carl bernstein and bob woodward reflect on the 5th anniversary of watergate. be har. getting an online offer from carmax. that's easy. get a real offer on your car in just two minutes. carmax. car buying, reimagined. see “minions: the rise of gru,” only in theaters. rated pg.
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think he's posting about all that ancient roman coinage? no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. had vice president pence obeyed the orders from his president that declaration of donald trump as the next president would have plunged america into what i believe
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would have been tantamount to a revolution within a constitutional crisis. >> stunning testimony there from former federal judge michael luttig appointed by republican presidents to the judiciary. in the january 6th committee hearing this week. i want to bring in congressman adam kinzinger. one of two republicans part of that committee. it was pretty stunning testimony as you look at the hearings that have been held so far, what do you think is the bottom line takeaway for the american people? >> look, i think the bottom line to all this is, first off, nothing has changed in essence from those days, so we could very much do this -- focus on
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this again, but what needs to stand out from the hearings is how much the president was involved in the lead-up to january 6th, how we got to a position where so many people charged thtobe honely ty litoi thin u ow, aameric democracy, how we've been raised to believe, how we were formed, you know, if you truly believe the deep state and the election was stolen that's the most logical outcome and that's what i want people to see is, look, the president knew what he was doing, there was a plan, but nothing's changed. > 6 in 10 americans according to our new poll believe the president should be criminally charged for his role in the january 6th insurrection. there are difficulties, though, proving state of mind, proving intent is the key factor there, how do you do that? >> look, what we can do from the committee's perspective is show,
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as we have so far, for instance the pressure that was coming down on mike pence and how the president knew what he was doing, we'll be talking thursday about so much the staff with the doj, we're going to have a discussion tuesday about state pressure and so you can see where the president knew all of that stuff, we can i think show the american people that. now, what can the department of justice do in a court of law? that's up to them. they can, you know, have their own information, they'll be able to see what we're doing here. it's truly unprecedented. let's be honest this attack -- this attack on january 6th is unprecedented and the rot that led up to it is unprecedented. it's essential at this moment that we get a grip on this and figure out how to defend our democracy. >> it's up to the department of justice in the end. have you reached the conclusion that president trump should be prosecuted? >> i certainly think the president is guilty of knowing what he did, seditious
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conspiracy, being involved in these kind of different segments of pressuring the doj, the vice president, et cetera, and as you know, we're not a criminal charge committee, i want to be careful in using that language. but what we're presenting would certainly rise to the criminal involvement by the president and definitely failure of the oath. the oath has to matter here. your personal demand to stand for the cons -- has to matter. there's no law in the world that we can pass that will make a big difference. >> you're in a small minority of republicans. one of two republicans on the committee. our new poll also shows a huge partisan divide, 91% of democrats believe that president trump should be prosecuted. 19% of republicans. 91% of democrats believe the president bears ultimate responsibility for what happened. only 21% of republicans. how do you explain that gap, how do you explain the views of a majority of republicans?
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>> well, look, i would guess that before nixon, you know, really resigned you probably see something fairly similar, now obviously we're in a way worse position today and i think this blows watergate, you know, out of the water. how do i explain it, lack of leadership in the republican party, so if you have people who don't trust what they hear on the media and certain leaders and everybody has people they trust and where they get their information but that whole segment of leaders that republican voters trust, that includes kevin mccarthy, of course that includes donald trump and others, if you're going to stand in front of those people and lie to them and tell them donald trump's right, the election was stolen, giving me $20 when i send you the next e-mail, way easier for my primary election, we can have no doubt 80% of the public will believe what their leaders are saying.
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if you're not willing to tell people the truth in america you shouldn't run for congress. go do something else. this should be the position to tell the hard truth. my party has utterly failed the american people at truth. >> and it puts you under some threat. your staff shared some communications you and your family, we can't put it on the screen, it's too dangerous for that. how worried are you for your personal safety? >> look, i'm not worried personally. this threat that came in, it was mailed to my house, it threatens to execute me as well as my wife and 5-month-old, it was sent for the local area. i don't worry -- now that i have a wife and a kid it's different. there are people -- there's violence in the future, i'm going to tell you, and until we get the grip on telling people the truth we can't expect anything differently. >> all signs are pointing to the next election having a similar controversy at the end of the
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day, it's very possible. we're seeing allies of president trump being elected to run elections in state after state, i have pointed out the divide between republicans and democrats over what happened on january 6th, how worried are you about 2024? >> very worried. you know, i have an organization, one of the things we're focusing on are those election-level elections as well, the people who will determine whether they certify an election, what kind of equipment is being used, we just saw recently in new mexico, people refusing to certify an election because they used dominion voting machines, because they bought into the conspiracy. when you have these election judges that are going to people that don't believe basically in democracy, authoritarians, 2024 is going to be a mess and wake up, america, wake up, republicans. because this is not going to be
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good for you if you think it is. >> congressman kinzinger, thanks for your time this morning. >> you bet. roundtable is up next. later, carl bernstein and bob woodward reflect on watergate. woodward reflect on watergate. a 12-megapixel lens makes sure your presentation is crystal clear. and smart camera auto pans and zooms to keep you perfectly in frame. oh, and it syncs with your calendar. plus, with zoom, microsoft teams, and webex, you'll never miss a meeting. and neither will she. now that's a productive day. meta portal: make working from home work for you. (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest.
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roundtable is here and ready to go. we'll be right back. >> announcer: "this week" with george stephanopoulos sponsored by charles schwab, own your tomorrow. es zh what, own your tomorrow. thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. when you can't sleep... try zzzquil pure zzz's gummies. they help you fall asleep naturally with an optimal dose of melatonin. and a complementary botanical blend.
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interests and i don't know in a nation as big as this great continent which we occupy and as diverse as ours how to resolve our differences, except through the commitment, the passion, the intelligence, the courage of those who are willing to practice the political process and achieve compromise. >> marc shields, longtime political commentator on pbs and former democratic campaign manager, what's best about our politics, passed away this weekend at the age of 85. i'm here with our roundtable, chris christie, heidi heitkamp, averi harper and jon karl. he really did exemplified about our politics. >> he had a love for politics, he had clear views, he was a staunch liberal but he saw the humor in politics, he saw the humor in himself and never took
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himself too seriously and some of his greatest admirers were conservatives. >> chris, let's start with the january 6th committee, we've talked about it a lot. you're a former prosecutor, you talked about the difficulties in prosecuting the former president, what was the committee was trying to do this week is demonstrate clearly that president trump knew or at best should have known what he was doing was wrong, was not legal. >> sure, hey did that. i think what they gave you also, just as importantly for the people in the country, is a window into how the trump white house was run, and not just run between november and january of 2020 into 2021 but the entire time, that he did get some good people around him at times, but when those good people gave him advice he didn't want to hear, he did two things, he ignored it, and then shopped it to get
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different advice, and went back and said, see, people are telling me i'm hearing from others that you're wrong, and that's exactly what he did with the stakes from november to january enormous and he never, ever stopped doing that kind of process of rejecting good advice from good people if he didn't like it and shopping and getting some of what i call the crackpot squad in there. >> did he do enough to meet that standard of willful blindness? >> look, george, think there's two different ways to look at as a prosecutor. this is where justice is not equal necessarily in our country. it's different prosecuting jon karl than it is prosecuting a former president of the united states, and if you're a prosecutor looking at this you cannot swing and miss if you're going to bring a case against the president of the united states, it has to be a 99.9% winner, because the damage you will do to the country if you swing and miss is incredible.
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i think there's a different standard and that standard is going to be applied by institutionalist merrick garland. unlikely to see the president prosecuted. >> also a different standard for this committee than for the justice department. this committee is not about establishing a crime, something to be prosecuted. they don't prosecute or refer criminal recommendations, what they're doing to is establish the truth both for history and the american public today. i think they've done a very good and methodical job, especially, george, learning from all of the republicans that we're in were in trump's orbit, virtually every witness to this committee have been a republican. many appointed to positions of authority by donald trump. served advisers to donald trump. lot of this has been reporting earlier. in my book, i talked about what was going on inside the trump white house, inside the trump campaign, but now you see it on the record, in
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their own words, that first of all the idea that the election was stolen is complete bunk, this is trump's inner circle saying that, and the steps he was taking to try to overturn those election results were clearly illegal. >> so far, heidi heitkamp, that hasn't moved republicans. i showed our poll to adam kinzinger. the poll also shows that most americans are not paying close attention, only 9% paying close attention. so is it breaking through? >> i think people don't see it as anything new. there's jonathan's book, there was an impeachment hearing, okay, we've be there, we've done this. yes, partisans are both sides are watching it, the point is, chris, team normal, all of these people surrounding him giving him advice, where they were telling the american people this could happen? the outrage in this, a lesson
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for a future staffer in the white house is don't just sit back, you've got to come out and you've got to be aggressive in protecting our democracy and so this idea that now we've got these good people, yes, they were good people and i know a lot of them, yes, and they had an obligation behind whispering in the oval but to come out and say this is happening we need to stop it in real time. >> averi, what's your sense about how much this is going to play in the midterm elections? >> i talked to congressional candidates on both sides of the aisle and none of them are particularly worried about the they say that for the run of the mill voter this is probably not going to be top of mind when they're casting their ballots. when you look at our latest poll you see that 51% of respondents say it's not going to change the way they vote at all, really indicative of the polarized nature of the moment we find ourselves in, many folks have
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already chosen a side, there's going to be a slice of the country regardless of what evidence is put forward is going to buy what the country is selling. >> one of the findings in our polls you got to partisan divide but independents seem to be agreeing with democrats on this. in 2024. >> in 2022 when you have inflation running like it is, issues of crime, concerns about ukraine and russia, the american people are much more consumed with that and donald trump is not on the ballot. now, if he decides to run in 2024 that's when this will become much, much more important. because i think what in those numbers is what republicans are talking about, right now, which is he can't win a general election in 2024. if independents believe what they believe in poll and
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they're concerned as they seem to be, then there's no way you can win as a republican in this country for a presidential race if they have completely abandoned you and by the way, that's all those people were telling him in 2020 that folks especially educated suburban white women were abandoning him droves and he talked about it in his rallies, remember he said, suburban women please like me, he knew, he tries to make it now like it was a joke. i was there. it was no joke. he was saying that because he was being told that was his problem. that problem hasn't changed. that's why it's a '24 issue. >> that's '24. heidi, anything democrats can do to stop the wave in 2022? >> the one thing i would disagree with you all on, every moment that we're spending here talking about the january 6th commission we're not talking about $5 gas, we're not talking about inflation.
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>> that's not going to help democrats -- >> you want the airwaves to be talking about this because it reminds the voters why they voted for joe biden. the danger that we were in, i think, you know, i remember, george, about a year ago when we saw the first poll where the president's numbers were really started to go to negative, we asked the question, what should he do today? he didn't do enough at that point in time. right now, this is base play in the midterms. you're not going to change hearts and minds. i remind them i had plenty of money and i didn't get re-elected. at this point the cake is baked on where you are. the only bright side is when you nominate people like herschel walker and the republican nominee in pennsylvania it gives democrats an opening -- >> i want to bring that to you,
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jon karl, you pointed out that democrats seem to absorb that, they are best hope is to have extreme candidates on the republican side and they're getting involved in those races, playing with fire? >> this is a really dangerous game, george, you're seeing democratic interest groups getting involved in republican primaries trying to secretly below the radar support the extreme candidate, in hopes of nominating -- >> why isn't that a good strategy? >> in colorado, there's a group called democratic colorado, they dropped $2 million into a republican primary there in support of a guy named ron hanks, he bragged about being a part of the group that marched on the capitol. he's part of group that said the election was stolen, in colorado, not even one of the frontline states, and he wants to ban mail-in voting, he wants to ban all voting except for voting in person on election day.
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so they figure if you nominate him, we can beat him. guess what, you might not. you might be sending to washington candidates that are lockstep with the big lie. >> what i hear from democratic candidates is that, again, these are issues that are not close to home for many of these voters, they're hearing more about issues pertaining to inflation and the economy, the soaring cost of living that's going up across our country, and what i have heard from them is that they couldn't even think of conversations that they've had with voters about january 6th or about the dangers to the democracy, they acknowledge that it's important to have all this information out there but they think that inflation, these run of the mill, these pocketbook issues are the ones that are the most important. >> two points. one, as you pointed out earlier in the poll, only 9% are following the january 6th
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stuff closely. secondly, this shows that the democrats have no message that they think can win. hoping to nominate the most extreme, what they consider the most vulnerable candidates. it's the not cynical type of politics to engage in. okay, i can't win on my own steam, i got $5 gas, i got runaway crime, bad inflation in the supermarket, i don't have a message that can win in the election, i have to get involved to get the worst candidate. jon's right, here's the risk, you do that and that person wins in a wave election you're further, further polarizing washington, d.c., and that shouldn't be what either party should be trying to do. >> either that or you're basically telling people who the republican party is. these are republicans. they go to washington and they
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do things like lift up a fist on january 6th that's who they are, and so when you're looking at 2024 you want the -- you want a definitional campaign, this is them and this is you. so i disagree that we don't have a message. >> there are all different kinds of republicans. like there's all different kinds of democrats. you've got, if you are in the other party's primary starting to play games you're playing with fire. >> but the idea that the election was stolen has taken hold among a plurality of republicans. >> no doubt if the former president of the united states continues to tell people in his party that the election was stolen that a president's words have impact, but george, the amount of people who believe that today versus a year ago is less and beyond that is less. it will continue to go down because there's no evidence that it was stolen. in fact all the evidence is to the contrary. all the evidence is to contrary
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and compete in 2024, donald trump in that race a much different conversation in 2020 than the one you're having hip thet cally now. >> it's still high. the number of republicans who still believe this stuff. >> and in the republican convention in texas, over the weekend, they previewed "2000 mules," right, so that's been completely debunked but yet that becomes the standard discussion within the republican gop convention in texas. that's who they are. >> down in texas senator john cornyn, on this gun control package they agreed to, got booed when he talked about it, is the package in trouble? >> i think there's a lot of sensitive negotiations that are going on. i spoke with an official at the white house yesterday, i think there are a lot of people holding their breath until the president can sign on the dotted line. look, when you look at senator cornyn being audibly booed, by his own party in his home
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state, it just demonstrates the nature of these negotiations for republicans who want to engage in these conversations about reform. >> so far mitch mcconnell supporting the deal? >> still giving the greenlight to do it. giving the green light to do it. i think there's reason for that. i think republicans want the midterms to be run on inflation, on the economy, economic anxiety, and if they can take the gun issue off the table and say, look, we've done something, and i think this is something, it's far short of what democrats want, but if they can take that issue off the table they can have a clearer shot of running a campaign based on the economy. >> the standard negotiating, right, if you're cornyn right now, you may want to believe people you may walk away so they don't ask for more at the end, so people, at least we got, okay, good. this is standard political negotiating. >> only 30 seconds left.
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do you think it goes through? >> i think it goes through. one of the things that cornyn said, 80% of the country believes in this. on the red flag, which was the big touching point for the convention, the red flag laws are absolutely essential, they get it, it merges that gun restriction with mental health and that's the sweet spot. >> that's the last word today. thank you all very much. up next, 50 years after watergate, bob woodward and carl bernstein reflect on richard nixon's downfall and the parallels to donald trump. carl bernstein reflect on richard nixon's downfall and the parallels to donald trump. with a little help from cvs... can support your nutrition, sleep, immune system, energy...even skin. and before you know it, healthier can look a lot ♪ ♪ cvs. healthier happens together.
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the democratic national committee is trying to solve a spy mystery. it began before dawn saturday when five intruders were captured by police inside the offices of the committee in washington. the five men carried cameras and apparently electronic bugs, one had several new crisp $100 bills in his pockets. the police say they were professional. the suspects are saying nothing. democrats say they have no idea who would want to spy on them. >> sam donaldson's delivering abc's first report on watergate 50 years ago. the investigative work of carl bernstein and bob woodward at the washington post uncovered the scandal. here they reflect on their work and how it echoes today. >> the shadowy tale of the watergate caper veered closer to the white house today. >> we didn't bring down the president we just did the reporting. >> nixon brought nixon down. >> what he had done is set up a
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campaign of espionage and sabotage and cover-up to essentially select who he's going to run against. it was an attack on the fundamental system of selecting a nominee for each party and the actual campaign itself. and when you pick it apart it's the ugliest, dirtiest thing a president could ever do at that point. >> what's the essential element of democracy? it's free and fair election. he undermined that. >> the matter of watergate has tarnished the prestige and put in question the credibility of the presidency of richard nixon. >> how did watergate change the presidency or this country? i think that already with the vietnam war there was starting to be a decline of trust in the
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presidency. this took it to another level. never before had we had an overly criminal president of the united states. richard nixon was a criminal. because his own party toward the end said, hey, these are horrible acts, these are acts against the constitution, against our system of government, and so what you have is an understanding by the people of the country as to what he's doing to destroy american democracy. >> therefore, i shall resign the presidency effective at noon tomorrow. >> nixon and trump are so alike in personalities, so this is something from nixon's secret tape recordings that didn't come out until much later, he says according to the tape, to his aides -- >> remember, we're going to be
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around and outlive our enemies. and also never forget, the press is the enemy. the press is the enemy. the press is the enemy. >> the press is tenmy. the press is the enemy. are these themes? they're not unique to nixon. they are donald trump. >> and instead of using the presidency for great ends his his character, his paranoia, his hate, his absolute hate for professors, the press, et cetera, took over. became who he was and it was always there. but never had it come out like this before and there you draw as bob's saying, the straight line to donald trump. >> when you hate it erodes your sense of who you are and what your purpose is. >> until the nixon tapes we didn't have really an idea of
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how deep that hatred was and how it permeated everything he did. whereas with trump we've seen the hate from beginning. >> when mexico sends its people, they're bringing drugs, they're bringing crime. they're rapists and some i assume are good people. >> over those 50 years we had a cold civil war in this country, and trump ignited that cold civil war, and i think in the ignition of it we saw the country break even farther into two camps essentially. the republican party is a captive to donald trump and his authoritarianism. january 6th investigation into probably the most overt act against this nation. >> january 6th was the culmination of an attempted
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coup. >> and yet, no republicans in numbers voted to undertake this investigation. so how do we get to a place where these people are so craven and so captured by trump and his movement that they won't do the right thing? >> george washington's farewell address, 1796, and he warned in that speech that democracy is fragile, and unprincipled men will seek and take the presidency and we have to be worried about it and we looked at that and nixon and then you see trump comes along with his own version of unprincipled. >> watergate had a profound effect on the united states and our culture and it continues to
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a century later, will democracy survive? we'll be right back.
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throughout history juneteenth has been known by many names -- jubilee day, freedom day, liberation day, emancipation day, and today, a national holiday. we have come far and we have far to go but today is a day of celebration. it's not only a day of pride it's also a day for us to reaffirm and rededicate ourselves to action. >> vice president harris last year when juneteenth became america's newest federal holiday. it commemorates black americans were informed that their freedom at the end of the civil war. and a new abc special is looking at freedom and pride in music. strikingly by prince.
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paved a way for a generation of black artists. here's janai norman. >> with regard to owning one's own sound, one's own masters, the most influential in the history of music, is prince. >> why do you think it was so important for prince to own his masters? >> as he says, if you don't own your masters your masters own you. the music industry up until that point never had a free agent that was a superstar and definitely not a black one. >> prince felt as if you create your art you should own your art. he went to warner brothers and said, i want to put out my art when i want to. they said no, you're going to do things the way you're contract chully you're bound to. prince said, well, this for me feels like modern-day slavery.
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>> prince in concert, perfectly free. on record. >> people didn't understand it. he said music is intuitive. music is spiritual. music isn't supposed to be contained in his opinion. >> this man is selling out arenas around the world, so to be a point that he's writing slave on his actual skin my heart was breaking and i definitely was paying attention. >> when i met prince i asked him how do we get slave off your face, get me free i'll take it off. >> i have a clip we want to show you. prince at the soul train awards. >> check this out. as long as you're signed to a contract you're going to take a minority share of the winnings. imagine what it will be like in our own game. >> prince fought for years and sought a resolve with warner
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brothers where he was able to take control of his masters. >> that next weekend that slave was gone. it never showed up again. and that made me proud. >> "sound of freedom," a juneteenth special is streaming now on hluu. that's all for us today. check out "world news tonight." i'll see you tomorrow on "gma." tonight." i'll see you tomorrow on "gma."
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>> preparing to party. the golden state warriors go parading through the streets of san francisco tomorrow. plus, your essential guide to sf pride. the live interview with all the new twists to the celebrations this week. >> a sunny and warmer day as we look live from mount tam, there is san francisco in the background. temperatures heat up. abc seven mornings at 9:00 a.m. is
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