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Velshi

The Danger of a New Normal

Velshi

MSNBC

Msnbc, Politics, Weekend News, Ali Velshi, Government, News, News Commentary

4.8687 Ratings

🗓️ 18 May 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

What happens when the president is running a get-rich-quick scheme on the side; why Republicans’ plans to slash Medicaid would have consequences reaching far beyond even the 72 million Americans who rely on it for healthcare; and how the slash-and-burn approach to dismantling the government is having dire consequences for FEMA, heading into hurricane season.

Transcript

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0:00.0

Sunday, May 18th, I'm Ali Valshi.

0:09.1

We begin this hour with a grounding moment, a reminder, if you will, of the standards by which we once measured the American presidency, even a Trump presidency, because taking stock from time to time of what was once considered a scandal is useful

0:21.7

when unprecedented times are followed by more unprecedented times, raising the risk that before we

0:27.1

know it will be living in precedented times, a new normal, if you will. So I want to start with a

0:32.5

phrase you might remember from Donald Trump's first presidency, emoluments. When Trump first entered office, watchdogs were concerned that foreign countries could curry favor

0:40.7

with the president by renting rooms in his hotels, which would violate the emoluments

0:44.5

clause in the Constitution, which forbids any person who holds federal office from accepting gifts

0:49.2

or benefits from foreign governments without the consent of Congress.

0:52.7

There was fear that a foreign government could maybe perhaps influence American foreign policy

0:57.1

by personally enriching the president by renting rooms at Trump's hotel.

1:02.6

How quaint.

1:04.4

Because in his second term, Donald Trump has termed profiting off the presidency into the new normal.

1:13.2

It's all right there out in the open, all through his trip to the Middle East last week. He was greeted like a monarch, treated to

1:18.3

camel parades, laudatory meetings, and eye-popping investment promises, not to mention the

1:24.1

many deals struck between Gulf countries and not the United States of America

1:29.0

and not U.S. companies, but with the Trump organization itself, like a soon-to-be Trump Tower in

1:36.1

Riyadh, a billion-dollar hotel in Dubai, a Trump golf course in Qatar. Trump even joked with the

1:42.8

new leader of Syria about a Trump tower in Damascus.

1:48.0

Trump's son Eric was in Dubai just weeks ago to announce an investment firm tied to the

1:53.8

Emirati government. We're looking at Don Jr. at the moment. Was that Eric? That's Eric. That would be

1:58.3

making a $2 billion transaction using the Trump family's

2:01.7

cryptocurrency exchange, which he is involved in, which would net them millions of dollars

...

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