TED CRUZ ON THE WASHINGTON CARTEL - RESTORING LIBERTY IN THE AGE OF CRONYISM

TED CRUZ  ON THE WASHINGTON CARTEL -  RESTORING LIBERTY IN THE AGE OF CRONYISM

 

Export Import Bank EM IM Bank.

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once again congress had become enmeshed in backroom deals 0:03 and they were using TPA 0:07 as an opportunity 0:10 to promote among other things reauthorizing the Exim Bank 0:14 and potentially even enabling 0:17 President Obama's illegal expansion 0:20 the immigration and this seems to be an all too common trend in washington that 0:27 whatever is happening 0:28 corrupt back-room deals dominate the end product 0:34 when american families one small businesses 0:37 and when the most vulnerable among us are hurting Washington has a tendency to 0:43 jump to action but not to help those who need it most 0:47 Washington is looking for solutions 0:50 for Washington not solutions that empower citizens 0:55 across the nation to succeed instead Washington solutions invariably help 1:01 the rich and well-connected when the 2008 housing crisis hit 1:07 millions of Americans leaving families with real estate at a fraction of the 1:13 value sunken savings accounts 1:14 and mortgages they couldn't pay back what did congress do 1:19 bail out big business it handed out hundreds of billions of dollars 1:26 to banks and institutions that were deemed quote too big to fail 1:31 sadly the american workers never deemed too big to fail 1:36 this enabled the banks to concentrate even more power 1:40 and in fact a buyout weaker banks for example PNC 1:44 receive 7.5 billion dollars 1:48 well National City didn't receive anything which then gay PNC the 1:53 advantage 1:54 and then they turn around in bonn out National City since 2008 2:00 the big banks have only gotten bigger 2:05 as the 2:08 noted at the end 2011 five banks 2:11 held more than 8.5 2:15 trillion innings 2:18 equal to 56 percent in the United States economy 2:22 and that's up from 43 percent five years earlier 2:26 remember dodd-frank was sold to the american people is stopping too big to 2:31 fail what we see today the big banks are even 2:35 Baker as car owners struggle with high gas prices in 2009 2:41 the federal government responded by handing over 2:44 eighty billion dollars to GM and Chrysler 2:48 and its suppliers in 2010 2:54 as many hardworking Americans crawled out from under the financial crisis 2:59 to revive their communities and regain their financial footing 3:03 Congress passed the dodd-frank Act 3:07 which has yielded over nineteen thousand pages 3:11 regulation no bill that large new regulations that voluminous 3:18 could possibly be good for any small institutions 3:22 and since then hundreds of community and regional banks 3:28 have clinched now too important to understand that was nineteen 3:33 unintended consequence that wasn't looks we didn't realize this would happen 3:38 the lobbyist for the big banks we're sitting at the table when dodd-frank was 3:44 written 3:45 it was designed 3:48 by Washington to favor the big guys 3:52 over the little guys and I would note the proponents said that regulations 3:57 inevitably 3:58 they claim they're helping the little guy now either they're not telling the 4:04 truth 4:05 course they're really really bad at what they do 4:08 because every single time they jump in with massive regulations it helps the 4:15 giant corporations 4:17 and the people they get hammered are the little guys 4:21 in 2013 4:22 when Obamacare went into effect imposed 4:26 huge burdens on small business owners and young people 4:29 union bosses and members a congress receive 4:33 special favors and exemptions the very people who wrote the law 4:39 Harry Reid the Senate Democrats that he wanted at 4:42 and this administration was only too happy to oblige 4:46 today the taxpayers subsidize 4:49 their platinum plans while millions of Americans across this country 4:54 have lost their jobs have been forced into part-time work have lost their 4:58 health insurance 4:59 have lost their doctors are facing skyrocketing premiums 5:02 members of congress retain their illegal exemption from Obamacare 5:07 washington's favors have gone on for far too long 5:11 you take a look at the map in the United States 5:15 our office took every county in the country 5:18 and color-coded for whether median income had gone up for going down 5:22 it's quite striking that map looks almost exactly like 5:27 a geological map a shale formations 5:30 across this country India on the senate floor I put that map up with a clear 5:35 plastic overlay up the shale formations 5:37 you can see up in the Bakken North Dakota counties 5:42 all others county's median income skyrocket in see the Barnett Shale in 5:47 the Permian in the Eagle for 5:48 median income is skyrocketing see the Marcellus Shale meeting come to 5:52 skyrocket although it's interesting 5:54 the Marcellus Shale doesn't and that the Pennsylvania border 5:58 but the job still because the politicians in New York it decided 6:04 apparently New Yorkers don't want jobs they don't want to provide for their 6:07 family 6:08 or their idiot politicians are gonna stand in the way and prohibit them 6:11 so even though they have resources in New York the very same resources 6:14 that are in pennsylvania the line between the states is like the finger of 6:19 God threw it on the ground 6:21 souter that line there are jobs the median income has gone up north and that 6:27 line 6:28 not a single one of those counties as median income 6:31 on you look at the Monterey shale in California abundant resources 6:35 done at those counties have gone up because the California politicians just 6:39 like the New York politicians 6:41 think california men and women don't want to provide for their families 6:44 but do you know the one notable exception to that rule 6:48 the county's in and around Washington DC 6:52 are right bright 6:55 green sick said the 10 most a fluent counties in the country 7:00 are located in the DC metropolis those 7:06 live of the federal government 7:09 are getting fat an almost 7:13 every other county in america median income has stagnated you're gone 7:16 Washington 7:22 done a great job for one thing picking winners and losers 7:27 except it's clear each time who the losers are it's the american families 7:32 who are struggling 7:33 to pay skyrocketing health care premiums and tuition costs 7:36 it's our community banks in marketplaces they're going to business 7:40 its young entrepreneurs and small business owners 7:44 majority of Americans don't have the time don't have the resources 7:48 to lobby washington politicians they're too busy going about their daily lives 7:54 working hard 7:55 to provide for their families and take your their kids for example 8:00 when Tesla successfully lobbied Washington for a 1.3 billion dollar 8:08 taxpayer subsidy 8:09 average americans with hard work 8:12 certainly weren't spending their time thinking about the need to subsidize 8:17 rich yuppies to spend a hundred thousand dollars 8:20 to buy an electric car look at rich people want to buy an electric car knock 8:26 yourself out 8:27 but why should we be hammering 8:30 hardworking taxpayers to add another car to the four-car garage 8:35 that doesn't make any sense 8:39 will be 8:42 burn it looks out the powerful and well-connected average americans over 8:48 and over again get the short end of the stick 8:50 with a ruling expected any day now in King Garces Burwell 8:54 the Obama administration has already at the behest to the insurance companies 8:59 crafted a contingency plan that allows insurers to cancel plans 9:05 in the event that their subsidies go away to the Fat Cat insurers are taken 9:12 care of by big government you guys are fine here's the contingency plan 9:16 but the average American taxpayer they don't have a contingency plan 9:19 the Obama administration has no credible plan what so ever 9:24 for the millions of Americans 9:27 who will be left to pay the full price 9:30 Obamacare's big government mandates 9:33 the rich 9:37 and well-connected keep getting more and more favors at the behest of hardworking 9:44 Americans 9:44 and we have got to stop this here is a very simple rule of thumb and it is 9:50 contrary to 9:51 everything our friends in the media tells big-government 9:56 benefits big business 9:59 small-government benefits small business 10:04 and hard-working men and women you will never hear that in the nighttime news 10:10 because the purveyors a big-government 10:12 always promised there helping the little guy and yet they keep getting the fat 10:17 cats richer and richer 10:19 and richer lobbyist in career politicians today make up when I call 10:25 the Washington Kartel 10:27 and operates very much like other cartels 10:31 in operates like opec I don't know like shakes if they actually wear robes 10:38 but they nonetheless on a daily basis are conspiring against the American 10:45 people 10:46 I'm explain how it works a bill is set 10:50 come before congress and careers politicians years and wallets 10:55 car open to the highest bidder corrupt back-room deals result 11:00 in one interest-group getting preferences over the other although you 11:04 get the other a chance now that the 11:05 or even worse a very very small interest-group 11:10 getting special carve-outs at the expense of taxpayers 11:13 and those who don't oblige well they are shunned by the carter 11:19 effectively locked out just this week 11:22 we saw shameful example if this is house leadership 11:26 through representative Mark meadows and his chairmanship 11:30 because it is principled objections to TPA just this morning news broke that 11:35 leadership 11:36 is now seeking to strip Ken Buck another conservative 11:39 in the house and his leadership position why is it that republican leadership 11:46 always always always cuts deals with the democrats 11:49 in with Washington in throws 11:52 overboard the conservatives that come October and November in an election year 11:57 they're desperately asking the turnout an elected in power 12:01 Washington Karcher 12:06 has amassed more and more power at the expense to the american taxpayer 12:11 with the same recipe repeated over 12:16 and over again so today I want to look at four examples 12:21 the Washington cartel at work i wanna talk about who their schemes are hurting 12:26 how we can restore freedom bring back jobs 12:30 and growth and opportunity and how we can defeat 12:33 the washington part let's start with the export-import Bank 12:39 hard to imagine institution that is more emblematic 12:43 cronyism and the export-import Bank 12:46 export-import bank is essentially welfare 12:51 for big corporations both foreign and domestic 12:55 President Franklin Delano Roosevelt 12:58 relation all now to source that much a progressive is 13:03 instituted the back what does the bank actually do 13:08 it provides loans and loan guarantees to handpick corporations 13:12 20 the favored methods 13:15 and cronyism Washington handing out 13:18 taxpayer money to select a giant corporations 13:22 now on principle is nothing wrong with loans being given except it's not 13:28 private investment it's not 13:29 people actually risking their own capital and assessing the risk reward 13:33 rather it's funded on the taxpayer dime prior loan guarantees from the XM anchor 13:40 benefits such a paragon the corporate virtue 13:43 as and Ron and Solyndra 13:46 as it stands now taxpayers are currently on the hook for over one 13:52 100 billion dollars 13:55 in loan guarantees if the project succeeds 14:00 the giant corporations make a profit if they fail 14:05 the taxpayers foot the bill now those are pretty good arts 14:10 in Vegas that's called playing with the house 14:13 as it stands 14:17 today the accent bank funds roughly 2 percent 14:22 and american exports could yet up that two percent 14:26 from 2007 to 2013 the majority of the benefits 14:30 have gone to 10 select companies 14:34 it's good to be the king in its good 14:38 to be a major donor to the king and to be gathering billions of taxpayer 14:43 dollars because it 14:44 along with subsidies 14:50 support foreign companies it's not just domestic companies 14:53 foreign companies do very well with the XM bank at our expense for example Air 14:58 India 14:59 a state-owned company that's right now putting at risk approximately 7,500 15:07 American jobs 15:08 with the help a local scene 15:12 or 15:14 trillion Roy Hill Mine to the detriment of our manufacturers and ultimately 15:20 resulting in an estimated loss 15:22 above $1 billion dollars in iron ore sales here in America that's the 15:27 taxpayers 15:28 funding the government funding foreign corporations to hurt 15:32 american workers xn kills American jobs 15:37 and often favors foreign investment over american investment 15:41 it also has this terrible record 15:45 up subsidizing on friendly regime 15:48 with problematic human rights records 15:52 in 2013 just one year the XM bank streamed 15:57 $35 million dollars to Venice Whaler banks and investors 16:01 $335 million dollars to Argentina 16:05 one billion dollars to russian financiers 16:10 and 2.7 billion the Communist China 16:16 mind you this is at the same time 16:20 russia's invading ukraine we're saying this is unacceptable by the way here's a 16:25 billion dollars 16:26 that sort of makes that foreign policy protestations have that 16:31 administration a little bit how several companies that oversee taxpayer-backed X 16:39 in financing 16:40 even admitted to previously doing business in Iran 16:44 through their subsidiaries undercutting efforts to sanction the Iranian regime 16:48 moreover the Justice Department 16:53 recently indicted former ex and Loan Officer John Eagle the Ennis 16:57 with Brad Richards more charges could be coming in this very institution 17:02 heritage foundation uncovered some 74 cases 17:06 a fraud and corruption at the axiom since 2009 17:10 the washingtons cartels 17:14 favoritism in cronyism inevitably breach corruption when you have government 17:21 officials giving out billions of dollars of taxpayer money 17:24 suddenly the people who want that taxpayer money 17:27 every incentive in the world further that corruption both latent 17:32 and blatant and yet 17:37 the process the passing TPA 17:41 it appears that senator ripper and house leadership is made a deal 17:47 to schedule a vote to reauthorize the export-import bank that that was part of 17:51 the price 17:52 up tp et and was a major reason why I voted now 17:56 now in response to my criticism leadership in both chambers said there 18:02 is no deal 18:02 excellent fruit 18:07 if there is no deal we should let xn expire 18:12 and let it stay expired for once 18:17 all congress has to do is do nothing and if congress is good at anything it's 18:23 doing nothing 18:24 if leadership as it says this week there is no deal on XM 18:30 then simply do nothing let it expire 18:33 and ended the gravy train for washington lobbyist on the export import bank 18:40 a second example 18:43 renewable energy mandates 18:46 arbitrary government regulations the distort the free markets 18:51 an artificially raise the cost for american families and job creators 18:55 in 2005 Congress passed the Energy Policy Act 19:02 and one other provisions in it was the renewable fuel standard 19:06 which requires that we limit renewable fuels 19:09 be mixed into our gasoline supply now I support renewable fuels I support my 19:15 appeals 19:16 but I don't support policies from washington 19:19 that pic winners and losers in the market wanted the mandate included 19:25 was the ethanol mandate over the years 19:30 is been proven there's a demand for ethanol 19:33 in the market when ethanol should stand on its own 19:36 not 19:37 atop the footstool the government the ethanol mandate requires sixteen billion 19:43 gallons of biofuels 19:45 requiring a plot of farmland roughly equal to the size of the state of 19:50 Kentucky 19:51 as a result that is diverted corn from livestock 19:56 and food supply and has contributed to increase the price 20:01 several months ago there was an agriculture some in the state of Iowa 20:07 mostly Republican 20:08 candidates for president attended that some 20:12 every single candidate but one 20:16 pledged his support for continuing the Iowa 20:21 at the moment very easy for conservative politicians to talk about ending 20:28 cronyism 20:29 but when you're standing in front a people who are the beneficiaries 20:34 that's when you separate talk from action big-government energy mandates 20:42 don't stop with ethanol 20:43 their tax credits for almost every format energy 20:47 each designed to get one industry a leg up over the other 20:51 there's enhanced oil recovery credits 20:55 for producing oil and gas from marginal wells 20:58 there's an advanced nuclear power generation cracked 21:03 clean coal investment credits 21:06 and a credit for plug in electric and fuel cell vehicles 21:10 and of course the infamous wind production tax credit 21:14 talking about went a two-year extension to win credit alone 21:19 cost taxpayers more than thirteen 21:23 billion dollars which is enough 21:27 to pay the monthly electricity bills 21:30 for 124 million Americans 21:34 about putting that up for a referendum 21:38 do we continue to benefit one favored industry 21:42 or do we pay the electricity bill 21:45 for 104 124 million americans you know what I don't think that would be a 21:50 vote for the american people and what's interesting it's not a close vote 21:55 Washington 21:56 because the only people voting in Washington and the lobbyists 21:59 with bags of cash and the lawmakers in both parties 22:04 eager to get that cash for decades the federal government has teamed up with 22:10 specific industries to pick 22:12 winners and losers in the energy industry aside from 22:17 further complicating an already Byzantine tax code 22:20 this type of corporate welfare is only to store the price of energy 22:26 and empowered fail companies like Solyndra 22:29 my good friend senator mike lee has taken the lead in previous congresses to 22:34 level the playing field to end the special-interest handouts and stop the 22:38 energy cronies 22:39 how about instead of picking one industry after the other after the other 22:44 benefiting them all to compete against each other we take the taxpayer out of 22:49 the game and let them fight it out in Fairfield 22:51 senator leahy is introduced the energy freedom and economic prosperity act 22:58 a bill designed to eliminate all energy tax credits 23:02 and a bill the senator jim DeMint championed 23:05 before Mike took the lead a third example 23:11 sugar subsidies that artificially drive prices higher for the benefit of you 23:17 to come as no surprise put another poster child for big government picking 23:22 winners and losers 23:23 traces its origins back to the New Deal the Sugar Act 23:28 impose quotas on US sugar production 23:33 and restricted restrictions on imports sugar 23:37 while subsidizing US production now I will note 23:42 this form of cronyism seems particularly 23:45 on america after all before the key and stamp act 23:51 came the Sugar Act in 1764 23:54 you'll recall we fought kinda bloody revolution over that 23:59 and it was then that the cry of note 24:04 taxation without representation was widely voiced by the colonists 24:08 you know what we do have representation now 24:12 but I representatives are representing us 24:16 there representing giant corporations and lobbyists 24:20 rather than the american people in it is the exact same circumstance have no 24:25 taxation without representation 24:27 how bout the elected representatives in Washington actually represent 24:31 the many women back home that were supposed to be working for 24:34 the sugar program imposes restrictions 24:40 on how much sugar can be sold it provides a benevolent allotment 24:46 for each processor and makes it illegal to sell more than the government's 24:52 designated an apt 24:53 how one could be forgiven 24:56 for thinking this kind of centralized planning 24:59 came from former Soviet apparatchiks 25:02 you'll go sell that you'll go sell that 25:06 I mention the cartel 25:09 what opec does every year they sit around the table and say you go sell 25:14 that 25:15 you go sell that we're going to conspire 25:18 against the American taxpayers 25:22 both cartels by the way have the same principle victims 25:26 unfortunately both Republican and Democratic administrations 25:32 have kept this program essentially unchanged 25:35 for eighty years increasing the cost to sugar for all Americans 25:40 Wall Street Journal reported last december 25:43 that at the time sugar was fifty-eight percent more expensive here at home 25:48 that the global market why should Americans pay 25:53 fifty-eight percent more for sugar then people in the rest to the world only 25:59 because the Washington cartel 26:01 is taking that additional money and giving it to the select few 26:05 favored lobbyists and it's not just sugar 26:10 that you put into your coffee or UT sugar is an ingredient 26:14 in a great amount that we 26:17 eat from pastries two southerners 26:21 is my two little girls will tell you treats on a nightly basis 26:26 and this price control increases food costs for businesses and families 26:32 particularly low-income households 26:33 if you're a single mom struggling to make ends meet if you see 26:38 the food cost when you go to the grocery store and try to feed your kids go up 26:42 and up and up and up 26:43 and your salary doesn't seem to match it part of the reason is the washington 26:47 cartel 26:48 isn't listening to you and they're happy to take money from your paycheck 26:52 and make fat cats even fatter 26:56 that's the corrupt game that's going on in fiscal year 2013 the average price 27:02 for american Ross sugar 27:04 was six cents per pound higher 27:07 than the average world price as a result 27:11 Americans paid or not necessary 27:15 1.4 billion extra 27:18 for sugar now 27:22 there some Americans who don't even make one point four billion any 27:29 that's real money and every time Washington picks winners and losers the 27:34 winners are concentrated but the losers you can identify 27:37 from 1997 to 2011 27:40 nearly 127,000 jobs 27:45 were lost in domestic sugar using 27:48 industries 127,000 jobs 27:53 think that the men and women who work in chocolate factories working in bakeries 27:57 working in soda factories it now or 28:01 unemployed in one of the reasons is the federal government is driving up the 28:06 cost to their inputs 28:07 and values fattening the lobbyists more than your job 28:12 according to a 2006 study by the US Department of Commerce 28:18 for every sugar growing job that stems from artificially high sugar prices 28:23 approximately three manufacturing jobs are lost 28:27 now that's math that makes sense only in Washington DC 28:31 and here's the kicker you want to understand the concentration sugar 28:36 companies 28:37 make up just 0.2 percent 28:41 the farms in america anyone know what percentage of the crop industry's total 28:48 lobbying expenditures come to search other 28:50 40 percent 0.2 percent on the farms 28:56 generate 40 percent in the lobbying why because if you're lobbying is yielding 29:01 one point eight billion dollars 29:03 there's good man and the single mom is paying higher food prices 29:09 the Chocolate Factory owner has laid off it is now in unemployment neither one of 29:16 them 29:16 have lobbyists in Washington neither one of them 29:21 have a whole lotta representatives who are listening to them the fourth and 29:27 final exam 29:28 internet sales tax 29:31 we look 29:33 one example how the washington cartel helps foreign nations and foreign 29:36 investors 29:37 how it chooses winners in leaders among american industries 29:40 now let's look 29:44 an area that has been blessedly largely free 29:48 from government regulators the Internet the Internet 29:52 has been an incubator for new ideas it has been a haven for entrepreneurial 29:56 opportunity it is allowing 29:57 millions of people to create small business and by the way the people who 30:02 are most freed up on the internet are the most vulnerable its young people 30:05 hispanics african-american single moms 30:07 people who want a better life you know it used to be twenty years ago if you 30:12 want to start a business units in capital 30:14 you needed to be able to buy an inventory data warehousing and 30:18 distribution system that took money 30:21 if you're just getting started if your teenage immigrant like my dad was in 30:25 1957 30:27 washing dishes making fifty cents an hour you're not likely to have the 30:31 capital 30:31 to start a business whether the internet do it transformed 30:35 you have a good or service you wanna sell you set up a website suddenly have 30:40 worldwide marketing 30:41 someone clicks on the website says I want to buy your good service 30:44 in the senate and FedEx and booming delivered anywhere in the world 30:48 you know who that terrifies 30:51 politicians and wash this freedom thing is very very scary for Washington 30:58 Washington is all about power 30:59 can control today parents can purchase Christmas presents for the kids to the 31:05 click the button 31:06 a teenager can design an app that revolutionizes 31:10 ways things are done a mom can seller handmade cards on Etsy 31:15 or with a few taps and over can come to your doorstep and by the way the next 31:20 time you take over 31:21 I'll let you know I don't have a car in washington over is transformational 31:28 the next time you take over as the other driver how he or she likes the job 31:32 I have yet to find a new car driver who is it 31:35 thrilled at the freedom becoming a small business owner 31:39 that the Internet has enabled and yet what is congress talking about doing 31:44 it's talking about passing 31:47 the Orwellian named Marketplace Fairness Act 31:49 now we've seen the pattern of Washington fairness what is washington fairness 31:56 hammer the little guy help the big guy that's very fair to lobbyists on K 31:59 Street what with the Marketplace Fairness Act do 32:03 it would take every online retailer in america and tell them you must now 32:07 collect 32:08 sales taxes for over 9,600 taxing jurisdictions 32:13 all across this country in real time 32:16 I want you to think about it let's suppose you're that single momma started 32:22 the business you're selling online 32:24 you're supposed to collect the Albany school taxes now Brett do you know what 32:28 the Albany school tax rate is 32:29 do you know if there's a hearing scheduled next week to change it 32:33 well if you decide to start a small business you're expected to now when you 32:37 could face an 32:38 audit from 9600 jurisdictions across this country 32:43 if you haven't correctly collected the Albany school tax and you don't know 32:47 that they raised by a quarter-point 32:49 in their last vote which I have no idea or not 32:52 why does the Marketplace Fairness Act 32:58 have support has support because as a perfect storm a lobbyist number one big 33:04 box stores 33:05 the major bricks-and-mortar retailers they want to hammer the hack 33:09 at these online retailers: but here's the interesting thing that shifted 33:13 so to the big online retailers up the 20 largest online retailers 19 at them 33:20 have physical presence is in so collect sales taxes 33:24 age is a state that has sales tax so suddenly have 33:29 the big box stores the bricks-and-mortar retailers the big guys 33:33 and the giant online retailers 33:36 joining forces and suddenly they have a common enemy 33:39 all these pesky little startups that had the temerity to try to take their 33:44 customers 33:45 and in washington there's nothing more beautiful 33:49 then when the lobbyist all the line when 33:53 all the money is pointing in the same direction suddenly you see republicans 33:56 and democrats saying 33:58 that is an inspired policy good 34:01 and yet olive the millions have young people 34:06 entrepreneurs are people with an idea that one atop 34:09 the next giant company they don't have a single lobbyist 34:13 the American people with the summer this 34:18 2013 gallup poll showed fifty seven percent a likely voters opposed taxing 34:24 the Internet 34:24 among young people the demographic that represents the future of this country 34:30 seventy-three percent oppose a tax on the Internet 34:36 we should stand with the people 34:41 it is time 34:44 to break the Washington cart instead of cutting blue-collar jobs by investing 34:51 millions and foreign mining corporations 34:54 we should welcome jobs and production here now instead of giving selected 34:58 energy producers 35:00 an automatic check we should let the market determine their viability 35:04 instead of forcing restaurants and bakers and families 35:08 to pay more for sugar and undercut competition we should welcome 35:14 lower price and instead of handing over 35:19 more power to big corporations and regulators let's keep the internet free 35:23 and encourage young entrepreneurs to keep regulating 35:27 and to keep government's hands of the Internet 35:31 can only be back to washington cartel had we restore power to the people 35:36 answer simple Americans across this country rise up they engage on the 35:43 issues 35:43 and we bring back the boys to the people booking ecclesiastics tells us there's 35:51 nothing new under the Sun 35:52 I think where we are today is very very much like 35:56 the late nineteen seventies I think the parallels between Jimmy Carter 36:00 and Barack Obama are uncanny same failed domestic policy 36:05 say misery stagnation in a lace same feckless and 94 36:11 Palace fact the very same countries Russia Iran 36:14 openly laughing and mocking the present United States 36:18 you know the one person America thrilled with the job 36:23 Barack Obama still is Jimmy Carter on is that analogy give me so much hope and 36:31 optimism because we know what happened 36:35 the late seventies in 1980 there was a grassroots movement 36:40 millions of men and women who rose up and became the reagan revolution 36:45 and it didn't come from washington 36:48 Washington despised ronald reagan 36:52 if you see a candidate who Washington embraces 36:56 run and hide 37:02 and in 1980 Reagan rose up to break 37:04 the Washington cartoon how did he do it 37:09 he changed the rules 1978 1979 reagan didn't get on a plane and fly to 37:16 Washington and sit down with the old bulls in congress sit down with 37:19 republicans say 37:20 come on guys we gotta stand for something he recognize that and now 37:24 their work listening to the American people 37:27 instead he took the case to the american people and it transform this nation how 37:34 do you change how do you break the Washington cartel you change the rules 37:38 you know there's an old joke that politics 37:41 is hollywood for ugly people 37:45 my wife says I resemble that remark 37:54 but there is nothing that focuses the mind 37:56 I'm elected politicians like the prospect that they might be voter data 38:01 office and have to finance chap 38:05 how do you break the Washington cartel you make the political price 38:09 are doing the wrong thing higher than the political price for doing the right 38:13 thing 38:14 and that can only come from we the people it's the only power 38:19 strong enough that's what the reagan revolution demonstrated 38:22 Washington despised reagan until the revolution swept in 38:26 and suddenly a bunch a politician said holy cow I ain't messin with that 38:30 and magically they supported lower taxes lower regulations and stopping the 38:35 favoritism 38:36 and standing up in defeating the servi I think 2016 will be an election like 38:43 nineteen eighty 38:44 as reagan's said we win by painting in bold colors 38:48 and not pale pastels I'm a close with the story we all know the story the 38:56 Wright brothers 38:57 but a name that we don't often hear is that its annual langley 39:02 the Department of war game in fifty thousand dollars 39:06 to create a flying machine upon its launch 39:11 it quote the hell like a time or 39:16 according to one report on December 17 1903 39:23 only nine days after langley second experiment failed 39:27 two young Ohio boys with only two thousand dollars 39:33 set out kittyhawk to become the first man to sail in the air 39:39 fifty thousand dollars on a failed government program 39:44 picking winners and losers persist to entrepreneurs two brothers 39:49 with a vision in a dream in just two thousand won a miserable failure the 39:55 other transfer the world 39:57 that is the power of American innovators 40:00 free from government it is the can 40:03 do spirit that has propelled scientist and entrepreneurs 40:07 immigrants who came to this nation with nothing pioneers and farmers 40:11 to make this land the greatest nation on earth 40:14 and it remains 40:18 just that if we come together and break the Washington cartel 40:22 that is telling us far too much about what we can do 40:26 in what we can't do and if we insist and return power to the people 40:30 so they can do what they've always done best: 40:33 achieve the unimaginable and leave a landscape of greater opportunities 40:40 for generations to come thank you [category Ted Cruz, 2016 Presidential Election]