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Frankly i don't -- i think there is a problem when we journalists are the ones who are kind of patting ourselves on the back and saying we're such an important institution. it works much better when it's a republican senator, like senator flake, making that point about the importance of democracy of institutions like the press. and, you know, indeed senator flake is right that it was stalin who did use this and that soviet union in 1956 repudiated that phrase because it was so loaded and the idea that was revived by an american president, boy, it's weird. >> it's mind blowing. when you put it ...

Says this state is going to sue over the new law calling it unconstitutional and an assault on new york. you just mentioned these moocher states and how this tax law takes advantage of blue states like yours. where's chuck schumer on this? because i spoke to someone inside the white house who worked on tax reform who early on said yes, i know the state and local tax thing, people aren't going to like it, but let's see what chuck schumer has to say, assuming that chuck schumer would fight it, fight it for new yorkers. but he really didn't. >> well, i'm not going to speak to what chuck did. i th...

Official. legally do you think that's possible they could do that? >> yes, they can do that. you're talking about a whole different entity. the inaugural committee is not considered a none non-profit and no rules how an inaugural l committee spending that money. they don't have to disclose what they are doing, which is what you've been talking about here. the only rule when it comes to inaugural funds is that the source of funds has to be disclosed after the inauguration. how that money gets spent is anyone's guess, no rules, no regulations. it can quite frankly go into the pocket of donald tr...

It can quite frankly go into the pocket of donald trump if he chose to do so. >> wow. >> yes. [ laughter ] >> it's a wild west area. >> that is -- that's -- i did not understand that before talking to you about that tonight. thank you for helping us understand that. now i have lots more questions about that money, its size and where it's headed. craig holman, mind blowing. thank you very much. appreciate you being here. >> take care. i have to go think about that for a second. leave me alone. i'll be right back. it's like nothing you've seen.

Pete: idea of giving an award to this guy is that he thought the man. he fought the u.s. the bombings may have been a side thing and overall he was fighting for freeman. is that rationale for this. >> have you minority of people that want to be independent from puerto rico. the majority of the good working people want to be. pete: commonwealth of the united states. >> he exactly. they keep on voting down this referendum to be independent. now, you know, a democracy is that if you vote yes, to be independent, you become independent. pete: sure. >> he is fighting for a moot purpose. he is maimin...