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tv   Velshi Ruhle  MSNBC  July 29, 2017 9:30am-10:00am PDT

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trumpcare fails again. why it keeps failing, what the president can still do to sabotage the current law of the land. >> and it's a new race to the stars with rivalries that are as contentious as the superpowers once were, only today space race pits billionaire entrepreneurs against each other, and the sky's the limit. >> it's saturday and i'm ali velshi, what a week. >> what a week. i am stephanie ruhle. a week of drama in washington with president trump's closest aides at open war with one
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another. >> the biggest drama played out on the senate chamber floor so let's start there right now. >> it has been desperate times in the senate with republicans trying to come up with something, basically anything that can dismantle the affordable care act, also known as obamacare. the latest defeat came in the wee hours of friday morning. trumpcare has taken many forms over the last six months, but all aimed to significantly alter the current law of the land. so for fact sake, why hasn't president trump been more successful? it may have a little bit to do with this. president trump and his administration have promised better health coverage for all americans. even though every analysis available says the opposite. under trumpcare the president promised significantly lower premiums, but the senate legislation would not have lowered premiums for a large number of people. according to the kaiser family foundation, the vast majority of marketplace enrollees would have
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paid higher premiums, on average 74% more than they paid for obamacare. and the congressional budget office, the cbo, said some low income americans could have their premiums rise by up to 700%. under trumpcare the president promised deductibles would go down, but the senate legislation would not have lowered deductibles for people on the individual market. the cbo forecasted deductibles hitting $13,000 for an individual by 2026. an amount it says is so high that obamacare actually outlawed it. the president also promised to p protect people with pre-existing conditions but the senate legislation offered a back door for states to waive coverage for all conditions, something the cbo predicted many states would actually do. the president claimed that trumpcare would stabilize collapsing health insurance markets. yes, insurers have certainly pulled out of the federal exchanges in some states,
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leaving some people in the lurch, but the cbo and others have said that markets are stabilizing under obamacare and the cbo says trumpcare would not solve that issue. it would in fact have made more markets unstable. president trump has not been alone in his false claims. health and human services secretary tom price said that trumpcare would cover more individuals than are currently covered. but the cbo said millions more americans would be without insurance under trumpcare. president trump loves to bring up president obama's broken health care promises. but while selling trumpcare, trump and his team have stacked up a massive amount of promises they're not going to be able to keep, and they know it. >> that was a great explanation. >> why, thank you. for conservatives, listen, there are lots of valid reasons why there's complaints, why they say obamacare doesn't work. so many they don't bring them up in public debate, but the answer is what are you dogoing to reple it with. >> if you were a conservative you might say despite the fact
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that there are 58 countries in the world that have universal health care and that 34 out of 35 of the richest countries in the world exempt the united states have universal health care, you might say why do i have to pay for your health care? i pay for mine, you pay for yours, keep yourself healthy, earn enough money or whatever it is. that is a conservative orthodoxy of some like rand paul, but that's that's what's coming up here. they're talking about killing obamacare, they're talking about death spirals and things like that. they have lost the message. this might be a chance to go back to the orthodoxy that we shouldn't health care or if you do share the costs, they come down. >> what the president appeared to really want was a political win, whether it's in the rose garden or in the oval office with his pen. he's saying it's mean, it's this, it's that. when he described to "the new york times" how health care worked, he didn't even have it right. he just wanted a win. he wanted to say i said we'll
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repeal and replace and i can check it off. it's amazing, though. what if this causes those lawmakers to say, okay, guys, we've got to help the american people. >> right after this got defeated, president trump sent out a tweet where he said 3 republicans and 48 democrats let the american people down. as i said from the beginning, let obamacare kbloed, then deal. watch. as you pointed out, there are two things that the president can do to kill obamacare without congress. the first is don't transfer the money that the health and human services department is supposed to transfer to the insurance companies as a cost-sharing subsidy for poor people who get coverage. the second is to not enforce the mandate. so you can actually kill this without congress. >> one final point, obamacare doesn't exist anymore. president obama is a private citizen. president trump is the president of the united states. the welfare of the american people are on his watch. >> as republicans have scrambled
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to move their economic agenda forward this week, democrats were busy trying to reinvent theirs. >>ish. >> american families deserve a better deal so this country works for everyone again, not just the elites, not just the special interests. today democrats start presenting that better deal to the american people. >> so you and i often complain that when president trump and steve mnuchin said they wanted tax reform, they gave us one sheet of paper. well, that's what they did with the better deal. this is the better deal. >> by the way, i'm pretty sure i've heard the phrase "a better deal." this is one of the issues that democrats face, getting the actual message out. whether or not you like president trump and whether or not he can deliver, what he does do is get a sound bite and it attaches. listen, we learned this week from the book that josh green wrote about steve bannon, build the wall, it was an aide who came up with that. they testified it. three words, three siyllables,
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go. if democrats want to have progress, they need an actual message and deliver it. >> here are the three points, higher paying jobs, lower priced medicines, tax breaks for companies that invest in workforce training and education. >> isn't everyone going to go yes, yes, yes? >> these goals are so broad anyone can run on them, which i guess is the point. anybody who's a democrat can take this page and design your campaign around it. they were promising something new and interesting. >> this is the equivalent of the republicans seven-year empty rhetoric about obamacare. and furthermore, if you're a democrat, it cannot just be anything but trump, anti-trump. don't go with trump. because for those people in america who voted for president trump who didn't necessarily like him as a guy but they said i need something different, democrats, you have to actually deliver something different. >> by the way, while donald trump's plans, as you and i often complain because we love to dig into details, are a little bit vague, he is a good
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salesman about being vague. one of the problems the democratic party has is it doesn't have a clear face. if there's one or two or three people selling specifics. >> one of the things that frustrates donald trump in the white house is that whether it's the media or the opposition party, they're going to hold you accountable when you don't deliver on those sales promises. >> so here's the thing. all of everything that we talk about that's going on is not actually having too negative of an effect on americans. >> it's not actually. most americans seem to be carrying on despite the mayhem in d.c. the latest survey of consumer confidence, we saw it go up, shows optimism is at a nearly 16-year high. you must tip your hat to the president for that. why not? jobs are up, wages are finally starting to tick up and the stock market is still on a tear, hitting another record close on wednesday. listen, if you look at this, this is just a survey and each person's situation is different. but this shows how the drama in washington is background noise
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to americans. americans want to thrive. they want money in their pocket, they want jobs. >> yeah. i mean i think you and i are not 100% sure ever whether the presidents get too much blame or too much credit for things like the stock market or consumer confidence, but it is there. donald trump is very ready to take credit for all of it. not sure that's exactly what the story is, but people are feeling okay about the economy in some corners. >> some people who say, listen, he hasn't delivered on infrastructure or deregulation, that's true. but for small businesses and large businesses, there was a threat, an overhang in the regulatory environment when president obama was in office. and you know, even if trump doesn't deliver on deregulating, he's not going to hit you with more regulations. from a sentiment perspective -- >> yep. >> -- small businesses, large businesses, they seem to like it. one other point, janet yellen. if you like the market, look at central banks around the world continuing to buy up paper. tip your hat to the fed chair
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before you tip your hat to the president. >> or criticize him for keeping interest rates as low as they are. the point is it may have more to do with the fed than him. >> that stock market might have janet yellen and the federal reserve to thank. but there's a new survey that shows most americans didn't even know what the fed does. and i was telling you about this, a new space race with the baton being handed off to private enterprise firms who are reaching for the stars. why nasa is welcoming that development, next. >> healthy competition out of this world. surprise!
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private sector. it is the latest development in space exploration, one that took its first leap 59 years ago today with the establishment of nasa, the u.s. space agency. >> and donald trump hasn't flip-flopped on that particular idea. >> he has not. >> back then, by the way, 59 years ago there was no competition at all from commercial firms when it came to the business of space. they didn't have that capability. but now, that is no longer the case. take a look. >> it's one small step for man, one giant leap for mankind. >> first it was the race to the moon. then it was a race to the stars. and throughout, nasa, the u.s. space agency, funded with the vast resources of the federal government, pioneered humankind's first successful forays into the cosmos. starting in 2000, some very rich men were determined to create an alternative that nasa's monopoly
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on america's space program. they were a new generation of private entrepreneurs who invested their own wealth into what seemed like a crack-pot idea, civilians going into space. but it took the unsorry xprise, a competition with $10 million in winnings, to spark a new space race, this time in the private sector. the quest reached its climax in 2004 when spaceship 1 became the first private spacecraft to go into suborbital space and return. 13 years on, the $10 million x prize purse translated into a billion dollars of nongovernmental investment into a new space race. private enterprise now stands poised to take over the transport of passengers and cargo toe earth's orbit and fre up the nasa's of the world to plan more ambitious projects to mars and beyond. spacex, blue virgin and galactic
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are competing with boeing and lockheed martin to fuel an entirely commercial space race. >> that's pretty cool. >> i can't get enough of that story and it's one we don't talk about enough and it's a remarkable success. so i want to talk a little more about it. joining us is richard, a pioneering private astronaut who's traveled up into earth's orbit through missions arranged by his company, space adventures and is the author of "explore, create" out now. >> so cool, so cool. >> i went up on skyline and the shuttle. >> that's incredible. let's talk about nasa, 59th anniversary of nasa. what role does nasa play now? when the space shuttles ended, a lot of people, including me when i was there for the final daytime launch, it made me sad because we grew up with nasa. >> it made me sad too. that was the end of a 30-year era and that was the only method america had to put astronauts
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into space so the only vehicle is the russian soyuz, still the only vehicle today. but it was also kind of necessary to herald in this great new era. we now have both as you were mentioning some of the big traditional companies like boeing with their cst 100, nasa with its orion capsule, spacex with the dragon capsule and sierra nevada with their dream chaser, all these capabilities coming back online. we're not only back in the leadership position again but we have a full spectrum of vehicles from government and private industry that are going to lead us into the future. >> and that is the right mix? when i think of public-private partnerships that we see on the infrastructure side, can you have private industry handle some of the financing side and leave the big projects to the government? >> exactly right. you know, when you think about anything -- any place we've already been, so we've been to the earth orbit plenty. we know what's there, we know the value that's there, we know how to live and operate there so there's no need for nasa to be
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investing taxpayer money on -- >> i'd like to go there, though. >> and i recommend it, by the way, having been there. but what nasa needs to do and is doing is setting the big, bold agenda. saying the next major milestone that is farther than humanity has ever reached and a place that is worth our going to see what's there, you know, set those goals and help set that cadence and fund the research. >> and ultimately that too might get taken over by private enterprise. >> absolutely. >> and nasa keeps going out to new frontiers. >> exactly right. they don't have to build their own vehicle to get to mars. they just need to say mars is the goal and then whether it's built privately or governmentally or some public-private partnership, let that sort itself out. but that's the great point in time we're in. i really believe we're in this new golden age of space flight where we're going from this kind of lull of being stuck in lower orbit to we're within a decade
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of going anywhere in the solar system we want. like going to the moon in a decade, we can go anywhere we want in the solar system in a decade. >> to stephanie's point, how far are we from real space tourism or real private vessels carrying -- >> ali wants to take the show on the road. >> indeed, i highly recommend it. and while this year the price is probably still too high for all but a few, it's still tens of millions of dollars to get in a capsule and go to orbit and back. but with the reusable things that blue origin and spacex are doing, that price should start coming down radically. by not only -- by one or two orders of magnitude. where it might be tens of millions today it's going to be ones of millions or maybe even below a million dollars to go to orbit. >> still not there. >> while that's still a lot of money, something is a hundred times cheaper -- >> that's the trajectory it's on. >> a lot more people can do it, whether it's tourism or work or science or asteroid mining, all those things become much more
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viable when the price drops. >> good to see you, my friend. >> richard garriott, thank you. you can read so much more about richard's passion at we just launched the making of an astronaut series. it provides a rare look into the world of astronauts and space flight with a complete interactive feature, photography and things your kids may like. what about implanted chips that track us at work? >> i don't want it. >> it's already happening. >> i still don't want it. and can money buy you happiness? it depends on what you're buying. >> this is a tricky one. tweet us and tell us what you think. i want to know what you think. what's the value of capital? what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers)
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do you know what the fed does? i hope you do. if not, you're not alone.
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according to a new survey by wallethub 16% of americans think the federal reserve is in charge of credit scores. it's not. two-thirds think the fed could do a better job than it does while one in seven says the fed should just be abolished. i hope gary cohn is not listening, i think he wants that job. the fed is led by janet yellen and play an important role in regulating our economy. it can lower interest rates and encourage spending or raise them if prizes start to overheat. if decisions like the one this week keeping rates steady are very important to the economy, but 44% of people do not know the last time the fed raised rates. guess what, it was in june. maybe you don't need to know, you just need to feel the good things they're doing. >> the best description i've heard of the fed is think of it as a car that has no steering wheel and no gears. it just has brakes and gas. if you want to hit the gas and make -- the car is the economy.
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if you want to make it go faster, you lower interest rates. makes it cheaper for people to borrow money and they do. you want to slow down the economy, you raise rates and make it more expensive to borrow money and people start spending as much. >> what do people at the fed do? >> study data, study data. >> your explanation was much better than mine. here's something that sounds like it came from a sci-fi novel. a company implanting microchips under the skin of its employees. employees at three square market in wisconsin are lining up apparently to get these microchip implants. now, it's voluntary for now. this is the same thing if you put them in your dog to track them. about the sign of a grain of rice. it's injected between the thumb and index finger. it's a $300 device that allows them to open doors, log into computers and purchase food from the vending machines. it's passive. it doesn't do anything. you have to have a reader for it. >> i don't want location
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services on my phone. >> put your finger here and press -- >> i have it. >> why? >> years ago i was doing a story on this when it first started. >> so take it out! >> it's part of me now. >> it's a movie. i don't want it to be my life. that's crazy to me. this last story hits home. it turns out money can buy happiness. if you spend it on saving time. according to a study published by the national academy of sciences. >> so it's a real study. >> when people pay someone else to do time consuming work that they don't want to do, a housekeeper, things like that, they actually feel less stressed about time and they can experience greater life satisfaction. interestingly enough, spending money on material objects does not yield as much happiness as does buying time. yeah, when you buy stuff, you've got to put it somewhere. >> so a lot of people have the struggle, is it better for me to clean my house or baby-sit my children or get someone to do it. this is obviously a very personal decision. but buying the services that save you time gives you more
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happiness than buying goods. >> for me i can't get time back. i'd like to think i can make more money. that does it for "velshi & ruhle." you can catch me at 9:00 a.m. and this guy -- >> at 3:00 p.m. eastern. have a fantastic rest of your weekend. ♪ when heartburn hits fight back fast with new tums chewy bites. fast relief in every bite. crunchy outside. chewy inside. tum tum tum tum new tums chewy bites.
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good day to all of you. i'm alex witt here at msnbc world headquarters in new york. it's 1:00 in the east, 10:00 a.m. out west. now to the very latest. we have new reaction today on the white house shakeup. some republicans say they were shocked by the president's tweets and the recent profanity-laced attack from new white house communications chief anthony scaramucci. here's what gop congressman charlie dent told me earlier. >> i'd be less than honest with you if i didn't say to you that a lot of my republican colleagues are very concerned about this. we clearly -- we want to get on with the business of this country. and like some of us right now, we are actually talking about doing things in a bipartisan nature on health care coming up with some ideas that


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