tv Smerconish CNN September 8, 2018 6:00am-7:00am PDT
it's the most demographics, we attract people with very few background and get them to talk to each other, combining books, poetry, music, shows and as well we provide drinks, coffee or cocktails that will make people talk freely. there is a lot of talk about friends and we may be doubling. i think it's beautiful the way it's a succession of actually a happy contest. actually we value our friendship more than the business. >> "smer conish" starts right now. [ music playing ] >> i'm michael customer csmerco
philadelphia. we read it, the op-ed criticizing trump from inside the white house the list of "not mes" keeps growing, did the writer actually prove the office? the dow jones industrials is bigger than ten years ago before the stock market crash of 2008. i'll ask andrew ross sorkin author of "too big to fail" if it could happen again. plus elizabeth warren likely gearing up for her run. an in-depth investigation into whether warren parlayed her claims to a native american heritage to advance her career. i'll ask the report hear what they found.
they tweeted they boycotted the festival because steve bannon was invited. he was abruptly disinvited. what does this say about the state of free speech? we said we'd never forget, we clearly have. but first, what kind of a week was it? it was one so packed with news that when exwhosive excerpts leaked from the new book of the president by our journalists, it was a one-day story. bob woodward called the state attorney retarded and the chief check adviser had to swipe ill conceived plans from his deck. all that was relegated to page two, after a senior administration official published a critique of the president in the "new york times" under an anonymous by-line that ignited a debate about the president's fitness for office and the propriety of a staffer choosing to write
instead of resign. who imthe nation's journalists and pundits and bookies became engrossed if identifying the author, i think the biggest reveal of the else sssay was la overlooked the "time's" found credible, talk, whispers of invoking among trump cabinet members. if true, that's a huge develop plus the "time's" essay suggests we have been asking the wrong question. today it's will the president will forced to leave his job? the better question is has the job left the president? has his ability to function been limited by subordinates? the president so angry at that prospect that fried he said he wants his attorney general to investigation the source. he's labelled the article an act of treason, even though it doesn't meet the definition. he says he views the situation as a matter of national security. some have made the argue that he's right to be angry, where
there is no accountably or transparency for the leaker. it all raises this interesting survey question today at smerconish.com. should the justice department investigate the identity of the anonymous "new york times" author? are the "new york times" restricted from trying to uncover who wrote it? what are the anonymous storrs source, is the op-ed writer, him or herself the one behaving undemocratically by claiming to take the running of the country into their own hands? joining me now, "new york times" white house reporter julie hersh feld,feld, davis, do you know who wrote it? >> thanks for having me, no, i do not know who wrote it. we would all love to know who wrote it. as a reporter it's frustrating to be speculating about an
author of a significant piece which conterms our reporting over many, many months so we're all trying to figure it out and, you know, we join all other reporters who are covering this white house in that. but i think it's really you know it's been interesting to see what the reaction has been by senior administration officials the fact that they have all fell obligated to put out these statements, not just through these statements saying it wasn't my boss, i didn't write it the person that did should resign that tells you something about what the president wants to see out of his own top leadership, given the fact that he knows there is something below him who has authored this thing. >> when the story first broke, i tweeted that in a case like this i would typically be relying on the "time's." i gave you a shout out to tell us. >> okay. >> who was it? if you knew, let me ask for the record, if you knew, would you write it?
>> if i knew i would write it. when we cover it, we write it. this is a very unusual circumstance as you pointed out in your intro where the editorial side of the newspaper, which is completely separate from the newsroom made a decision after being approached by a person who is connected with the author to publish this editorial this op-ed piece anonymously. so it makes it difficult. as reporters not for us but for all our colleagues and other publications to try to figure out who did write it. no question it raises ethical questions, not just for us but for everyone at the white house who if the person who wrote this is being truthful, there are many people around the president who are experiencing these same thoughts and doing what this person is saying he or she is doing in trying to limit the damage from what they see as the president's reckless and impulsive decisions and
conversation. and so the question really becomes, why would you write an anonymous piece rather than speak up and say something to the president or leave the administration if indeed you thought the commander in chief was so badly suited for the office. >> on a saturday, i try in this position to take a look at the week that's now ending and say, what have others missed? >> i think i have something here, insofar as we all got caught up, even bookies getting caught up in, who is it? who is it? but that one paragraph that says there have been whispers among cabinet members relative to the 25th amendment is huge and didn't get enough athing. have you heard that? have you been able independently confirm any of that? >> this is huge. this is something we have all been hearing rumors about. certainly since last year after the firing of jim comey, after some of the president's
outbusted on issues leak, did president obama attack his phones in trump tower? there has been speculation how high up this spec london attacks may go in his own administration about him not being fit for the office. i have not been able to confirm, there would be a story, if we had been able to confirm that. certainly our colleagues on the editorial side of the paper who again don't have a connection to the newsroom, they consider the author of the op-ed to be sufficiently high up and looped into this administration to say they were authentic. this person says that is considered. >> that is an incredibly significant thing. i think it is a bit underplayed all the speculation who the author, that we should note is by design by the president and his staff, himself. the president fix aid on who did this to me? who under me is seeking to undermine me from within and that's gone all of us paying
attention to this kind of whodunnit aspect rather than the substance of the op-ed, which is in and of itself quite striking. >> my suggestion would be in addition to asking, is it you the journalists say if you ever been a participant in a conversation relative to the 25th amendment. julie, thank you for being here. i appreciate the things you do. >> thanks for having me. >> i will read respobss throughout the course of the program. joe, i think there are legitimate questions about accountability. i caution folks who are antagonistic towards the president who applaud this to think if there were a progressive a liberal president and someone similarly stepped out anonymously and counter manned what the chief executive was trying to do. so in other words, i think there is really an ethical argument
and issue that transcends the frump presidency, which needs to be thought through which i think is partly your point one more if i have time. tweet i think. hey, kate, i don't know where the crime is. i'll shorten what you are saying in 140 characters. if there were a snowden case, if there were state secrets that were revealed, then i'd say, mr. president, you are right, mr. sessions, get to it. i don't see that thus far. go to smerconish.com, cast your ballots during the course of this program, should the justice department investigate the identity of the anonymous ""new york times"" author. i'll give you the answer at the end of the hour. people purport elizabeth warren used her native american
heritage. they went through her personal records, i'll ask what she found and the author of too big to fail. andrew ross so isn't here. i want to ask him about the 2008 crash. could it happen again? l about t? ♪ surprise! 3...2...1... blastoff! ♪ buy a new queen size sealy mattress with posturepedic technology, and we'll throw in a free adjustable base. we'll take it! with up to 60% off top mattress brands and knowledgeable, hassle-free mattress professionals, sears helps your family on the way to a good night's sleep. the sears labor day event. going on now!
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the economy is booming. can it last? this week, the lowest levels of 1969 the dow jones industrials closed at 26,000. we are remembering the ten-year anniversary of the 2008 financial crisis fueled by the housing bubble and subprime mortgages. back then the dow jones industrials peaked in october of 2007 at around 14,000. by march of '09, it bottomed out at 6600. today it's nearly double that 2007 peak and nobody is batting an eye, joining me now is andrew ross sorkin, the financial reporter for the "new york times" and cnbc anchor they identified most followed on twitter by ceos. he added an afterward to the newest edition of his best seller "too best to fail" they
fought for the financial system and themselves. i will quote from the afterward. i got my highlighted copy in front of me. you write this with with regard to president trump. his victory was rebuke of the elites the public trusted to prevent such an economic calamity, it was a rebuke of the same elites that tried to recover the country from it. you see a causal connection of the '08 collapse and rise of donald trump, how? >> i think we are living through it right now. i think ten years later the pop y ly. -- populism is a big divide when the country started to half if you will. alves you had the occupy wall street movement on one side. the tea party movement on the other. so have you these political parties moving in different directions. you had the end of a trust of
institutions of government of experts, by the way this idea of fake news, this idea that we would actually now look at experts and say, no, they're not experts, we don't want experts. all of that happens in my mind in large part as a fuvengs of the crisi-- function of the his. there is a rise of populism that happens over the next decade, if not 20 years. i think we are living through it right now. >> you sa i the rise of bitcoin is an embodyment of the lack of trust are you describing. >> absolutely. there clearly has been a, a distrust, just the idea that the government the idea that elites, the idea that those with privilege who ostensibly understood what was going on. i think there was a compact to some degree between the have and have nots, the view the haves, even if they were going to get more, they were going to be able
to protect everybody es, once that unravelled, it changed everything, bitcoin is a great sample of that, all of a sudden there is a whole group of people in the world, across the world that don't trust central banks. they don't trust the federal reserve anymore. so they're saying to themselves, i'm going to take this thing this digital currency, which has nobody in control of it whatsoever, i trust that more than i trust these people at the top. >> so another subject, i love the fact that you know ten years on, you go back and you do you el with all lingering issues. here's the question people still ask. why did nobody go to jail? you address that in the afterward, what is your explanation? >> i have a satisfying answer unfortunately in the end. as a journalist, i wish i could have found those and really found the crime him i think there were a lot of people out there prosecutors would have loved to make a name for themselves finding a crime.
the whom crisis felt like a crimes, i don't suggest it wasn't in the overall macro-contest. in truth on an individual basis, i think these individuals at the top of these institutions made some very terrible, terrible decisions, but it's very hard to decide that they're crimes, because you have to believe they were defrauding the public at the very top. i think there were lots of people at the bottom that were. i think unfortunately one of the things i learned is the people at the top didn't understand what was going on two floors below them. so it's very hard to convict under that scenario. >> finally, everybody wants to know, could it happen again? and andrew ross sorkin said says, hey, something bigger, more cataclysmic could refer, what are you referring to in. >> when i wrote that phrase too big to fail was only used in the context of banks, financial institutions. today we talk about it in the context of cities,
municipalities, states and countries. one of the thing you learn is debt is the match that lights the fire of every crisis. few look at what's happening in the united states the debt load in our country, has gone up remarkably. even under president trump is up by an additional billion dollars. this is a trust world. you have to decide will you trust this country to the pay everybody back and at some point i worry, that is going to unravel. that will be the next crisis. but i don't want to -- >> can i make one observation? having rered the book in anticipation of welcoming you. we have all these philosophical ideological debates and discussion about the economy. when the house was on fire ten years ago, ideology went out the window. >> yes. >> it was like grab me a hose and don't talk about socialism. is that a fair statement? >> yes. and i will tell you people forget it was during the middle of a presidential election and, by the way, probably one of the
last bipartisan things that anybody in washington ever did was pass the bailouts, which was torture at the time. yes, the world has changed, very, very much. >> andrew ross sorkin, thank you so much for being here. >> great to see you, michael, thank you. still to come, steve bannon the latest road kill in the culture wars uninvited from the "new yorker" magazine festival, are leb rals hurting their own cause? and senator warren calling to remove president trump. but to me, this week's bicker story about her was the investigation as to whether she advanced her career, thanks to her claim of being part native american. i'll talk to the reporter. pocahontas, that's elizabeth warren and massachusetts is represented by pokecahontaspoca
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nor elizabeth warren made headlines this week calling for the 25ing amy to th amendment f. another sign she may be getting ready, a story in the news, she's finally cooperated with an exhaustive look at a big issue doinging her. it's the reason donald trump has been long taunting her with the nickname pocahontas, did warren use her name to get ahead in two law schools based on a flimsy claim to minority status. it got a definitive answer in this review by the boston globe under the headline, ethnicity not a factor in elizabeth warren's rise in law. joining me is an author of the
piece the globe's chief national correspondent. annie, it would seem the reason she finally decided to deal with this is because she wants to run in 2020. is that what you were thinking while you were doing all the research? >> yes, that is exactly what i was thinking. she could have done it in 2012. she is running for senate again in massachusetts. i think her eye is on a much bigger office. >> you did 100 plus interviews. you had access to the senator and most importantly, correct me if i'm wrong, you saw the personnel files for penn law and harvard, true? >> that's right. i did. >> so what's the conclusion? >> look, as you point out, conservatives and republicans have long looked at her career and said that it started to skyrocket and she got into prestigious jobs at penn law
school and harvard because she quote unchoke checked the box and said she was native american and these law schools at the time were desperate to diversify. but when you look at the personnel files and talk to the people who were involved in the hiring process the answer is unambiguous, in each of the instances, the law school faculty saw her as a white woman. to the extent there was affirmative action at work, perhaps she was a woman and they were looking for female law professors. they did not' her as a native american. they saw her as a white woman. >> at my alma mater the university of pennsylvania law school, which is why i always had a keen interest in this story. after the hiring process started, they lamented they couldn't find a minority, i mean a person of color or one who was asian or native american. they were almost disappointed, well, we took elizabeth warren.
>> that's right. that was one of the key documents the university of pennsylvania where she is hired, the university of texas, they and i was able to review a form, never been reported in the personnel file, where the penn dean and affirmative action officer had to fill out this ten-page form that says we looked at 400 candidates for this job, 66 of them were minorities, we ended up hiring elizabeth warren because we couldn't find a better or equal minority candidate for the job, but gosh, we did look hard. you don't have to fill out that form if you are native american. that was one of the options that they looked at. to say, look, we saw, we considered zero native american candidates for the job. so when penn hired her, they absolutely thought that she was a white woman. >> so let's quickly run through
some of the evidence. when she, herself, applied to law school at rutgers, what did she say in the box, put it up on the screen? are you a minority? smr no presumably, that's her handwriting. do you want to say anything about that document? >> the basis of her law career with zbrupt interrupters. she is saying she is white. >> okay. this is curious. at the university of houston, the box that she checks is one of other. now i'm look at the choices, black oriental, mexican american, or other, where is the white position? >> i don't know, if i looked at that, i'd have to pick other as well. >> penn, penn law school. this is interesting. my alma mater put it up on the screen, initially when she's hired, can you see previous content.
c, caucasian, current content. then there is a payroll receipt, a, for native american. explain the snefx of that document. >> right. so in that case, she's already working at penn. she already has her job there. . >> right. >> it's about more than two years after she's hired. and she goes in and has her ethnicity changed from white to native american. this is one of the curious things about her career. why did she do it if it wasn't to get in, to get ahead or have some edge? because in this case, she had already been mired by penn, warren opened up to me for the first time about what she was thinking or feeling at that time that prompted this decision. because it is quite unusual to do something like this. but again. >> she clearly held herself out as being native american. she was registered in academic publications as such. her name was bold faced, which
was an indication she was a minority employee, when she won a distinction as a faculty member. she didn't play the card to get hired. one final question, really important i want everything to read everything you wrote. a lot went into it. >> yeah. >> is your reporting going to matter? >> i hope so. i hope it matters i mean i think what we are all looking to do at the globe is get to the truth. i realize it's not as sexy to call out a politician and say she did something wrong. in this case my reporting said she did something right. no matter what you think of her politics, her story is incredible. she graduates from the university of houston, that's where her under grad degree is from. not exactly one of the nation's best universities. it's just not. she ends up as a harvard law professor, the top of her career. that story, no matter what you think of the politics is an inspirational one and you know it's one that perhaps she'll be
able tell without that cloud that's been over it. >> annie, thank you so much from being here. a lot of good work went into that piece. >> thank you very much. >> let's check in on your tweets. sometimes it's not about getting or not getting an advantage. when does honor and integrity enter into this discussion? peter, read the piece, are you free not to expect it. when certain of her relatives were dying, she wanted to return to her own roots, which she regards as being native american. i will tell you something, i have always believed, it fit the cleaner explanation the way she goes no rutgers and the university of houston with no disrespect for either and ends up at the faculty at harvard is they wanted minority faculty members. she told them she was native
american. >> that is pay lirapparently no happened. it seems i was wrong. i want you to answer the question, should the justice department investigate the identity of the anonymous "new york times" author? by the way, many of you voted, you crashed my website. it's back up and running. do it now, still to come, america's divide continues to deny as opposite sides refuse to hear each other out, the new yorker festival banned steve bannon as others threatened boycott s. that anyway to broaden horizons? no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. cool, huh? yeah. he plays football, huh? yeah.
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fisher investments. clearly better money management. so there's this ongoing problem in the country of tolerance of opposing viewpoints. we see it on pop culture the news business this week it made headlines within it erupted at the new yorker festival of ideas, the magazine announced among this year's interviewees to be interviewed was steve bannon, the former head of the brightbart news and trump adviser who be quizzed by the editor david rem nick. then came the outcries, several other guests, comedian jim carey and judd apatow wouldn't participate if bannon had been on the stage. by the end of the day, bannon called them gutless, what does
this say about america right now? i got the perfect guest aco author of a book titled the coddling of a mind, setb up a generation for failure, he tracks the cultural shift trend in america's college towards political correctness and the foundation of individual rights in education. this is an extension, greg, of what you see taking place on college campuses, no? >> absolutely. one of the things i call my iron laws freedom of speech is it's important to the know what people actually think not even if it troubles you but especially when it troubles you. >> i'm not endorsing you, putting you on cnn, i want to hear what you have to say and my job is to ask probing questions. isn't that what david rec name should have done with steve bannon? >> we both agree "the new yorker
can do this, this a festival of ideas? or is this supposed to be a dinner party? >> so when you look at the mile stones, we'll put it in the college context. when did it all turn? i thought college was the one place you could go and have free expression and trade ideas? >> in my book, it's a social sciences detective story him we look at what happened in 2013, 2014, prior to that, the best constituency were the students, themselves. few were going to get in trouble for what you said on campus, it was almost always administrators who got in trouble. attitudes shifted sometime around 2013, 2014 and the whole book is trying to get to the bottom of why. >> do you attribute it to any particular event? >> we think it's the entry of a new generation, igen, as they're
called, people born after 1995. we also, not incidentally found some troubling stats about mental health out comes from people that are dramatically different from millennial's. >> well, dr. gene twang has written a book on exactly that phenomenon. let me ask you this question, how much of it with students back to school, is the fault of those students? because i take note of the title of your book. it doesn't sound like you are beige them. in it's our fault, gen-x, millennial's, we created this iermt, when people asked me, they were wondering, why is this generation so polarized and anxious, why have depression rates gone up so much? my answer, we have been teaching them about anxious pressuring and polarizing people. >> isn't it the rise of social
media, so you have these interhopeerror interhope -- interhopelopers? we almost lose what the happening on the campus itself? >> we talk about pom larization in the book and polarization has gone up due to social media, it rewards you for being in an echo chamber, also when it comes to mental health issues. he wrote great stuff about this. imagine the worst things about junior high school 24 hours a day foreverch that's why you shouldn't see more women experience more depression and opening sight. >> so let me go back to bannon. in this particular case, it's a conservative thwarted in his ability to speak.
does the issue we're discussing, there parody between conservatives getting shut down and liberals getting shut down? i'm sure i will hear from one group or another that will say it's them. >> interestingly the latest trend are conservative outrage mobs coming after liberal meaning professors. it's been really bad over the last year, now professors are in a bad spot. >> that i have to learn what their least tolerant students would have to say and it's not an enviable position. >> i'm not giving it all away, but you recommend that students adopt a position of charity. >> yeah. >> cut one another slack and don't always be playing gotcha. i think that's a great measure for adults as well, thank you for being her. >> thicking in on your tweets and facebook friends, dis-inviting is a form of free
speech. one can invite who one wants, bannon, bye. i believe if the shoe were on the other foot, you would be saying something different. what about the platform, it then becomes incumbent on the host to ask provocative questions. if have you steve bannon, by the way, bannon is invited to be here, then you can criticize me, not for having him but for giving him a hall pass the responsibility is on the interviewer to make sure you can doing the job of the audience. that's it. still to come this weeks e week markets the 17th anniversary of 9/11, despite our pledges to never forget in one respect, we v. and that's next. hey allergy muddlers: are you one sneeze away from being voted out of the carpool? try zyrtec® zyrtec® starts working hard at hour one and works twice as hard when you take it again the next day.
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question. where the hell is ayman al-zawahiri, and why don't we talk about him any more? 17 years ago in the wake of devastating attacks of 9/11, there were two names on the tips of the tongue, osama bin laden and al-zawahiri. he planned the attacks of 9/11 while his deputy was responsible for bombings of three embassies in 1998. after 9/11, al-zawahiri was posting audio and video messages. bin laden was killed by s.e.a.l. team 6 in 2011. ever since, there's not a mention of the number two that succeeded him that is seemingly alive and communicating without much media coverage. last month, al qaeda released a
half hour audio message in which he criticized hamas. and on august 23rd, this video of a five minute lecture by him was posted online. he looks older than we remember, white beard, pasty skin. he remains on the most wanted terrorist list, aliases include the doctor and the teacher. the reward is listed as up to 25 million. on interpol's most wanted list, he is nowhere to be found. the u.s. made several unsuccessful assassination attempts on him. back in 2009, there was a tragedy where a jordanian physician duped handlers into thinking he would deliver him before detonating a bomb that killed five cia officers and two contractors. as recently as 2016, the obama administration initiated a drone attack that news week reported did little more than break his
glasses. so where is he? i ask cnn national security analyst peter bettrgen, and the first journalist to gain access to the compound where bin laden was killed. in his 2012 book "manhunt", he correctly predicted al-zawahiri is unlikely to turn things around for al qaeda. far from being the inspiring orator that bin laden was. he e-mailed me he is likely hiding in pakistan like bin laden was, adding we never hear about the hunt for him because it is conducted in secret. that doesn't mean the cia isn't looking for him. numerous issues preclude launching an operation similar to s.e.a.l. team 6 against bin laden in 2011.
bergen said he is so ineffective, the west may be better served leaving him in place and that al qaeda is grooming for a leadership role. robert o'neal says that they would prefer to stay out of the headlines. al qaeda wants to stab us in the back. my time serving is over but i assure you there are other others there that will go and get him. let's hope so. we said we never forget. that's what my pin says. tuesday is the 17th anniversary of 9/11. for more of my thoughts on this issue, check out my piece now at cnn.com. still to come, your best and worst tweets and facebook comments. this is last chance to vote before we give you the final
results of the survey question of the day at smerconish.com. should the justice department investigate the identity of the anonymous "new york times" author? (vo) this is not a video game. this is not a screensaver. this is the destruction of a cancer cell by the body's own immune system, thanks to medicine that didn't exist until now. and today can save your life. ♪ ♪
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outcome. 95% no. it is regarded in many households i am sure as a referendum. if that's what the president wants, i either agree or disagree with him. i want to repeat what i said earlier in the program, that is there are legitimate issues of lack of transparency and accountability that we don't have when somebody steps out and takes on their boss in a circumstance like this. i'm just saying that we need to think about the precedent we're setting in this instance. what else do we have, swhat do e have from social media. trump administration is too busy looking for the author of the times op-ed. al-zawahiri is not a priority. it really frustrates me. and think about it. it always used to be 17 years ago, bin laden and al-zawahiri. s.e.a.l. team 6, god bless them, go out and kill bin laden, and
we all forget about al-zawahiri. 17 years on, he is still out there. give me another. real quick. if it wasn't for language, i would have suspected john baron as the writer. is that a possibility? yes, that is a possibility. see you next week. thanks. welcome to saturday. i hope it has been good to you so far. i am christi paul. >> i am victor blackwell. so who wrote it, the anonymous op-ed criticizing the president from inside his own administration. days later, the president still wants to know. aides have narrowed the search to a few people. >> a source close to the white house says the president is, quote, obsessed with finding out who it is, even chief of staff john kelly tells him to let it go. >> after a week is a saw strong job numbers and a supreme court nomi