>>> MASSACHUSETTS SENATOR AND DEMOCRATIC PRESIDENTIAL

DEMOCRATIC PRESIDENTIAL CANDIDATE ELIZABETH WARREN BLEW

CANDIDATE ELIZABETH WARREN BLEW UP HER FUND-RAISING OPERATION

UP HER FUND-RAISING OPERATION SWEARING OFF CALLS TO WEALTHY

SWEARING OFF CALLS TO WEALTHY DONORS IN FAVOR, "THE WALL

DONORS IN FAVOR, "THE WALL STREET JOURNAL" REPORTS OF PAY

STREET JOURNAL" REPORTS OF PAY WHAT YOU CAN SEE VENTS AS A

WHAT YOU CAN SEE VENTS AS A MAJOR DEPARTURE FROM THE USUAL

MAJOR DEPARTURE FROM THE USUAL PRESIDENTIAL CAMPAIGN, HERE TO

PRESIDENTIAL CAMPAIGN, HERE TO TALK ABOUT IT DEMOCRATIC SENATOR

TALK ABOUT IT DEMOCRATIC SENATOR ELIZABETH WARREN.

ELIZABETH WARREN. WHAT CAUSED THE DECISION?

WHAT CAUSED THE DECISION? >> LOOK, WE’VE GOT A PROBLEM IN

>> LOOK, WE’VE GOT A PROBLEM IN DEMOCRACY RIGHT NOW AND THAT IS

DEMOCRACY RIGHT NOW AND THAT IS THAT MONEY HAS TOO MUCH

THAT MONEY HAS TOO MUCH INFLUENCE IN WASHINGTON AND WE

INFLUENCE IN WASHINGTON AND WE HAVE A CHANCE RIGHT NOW IN A

HAVE A CHANCE RIGHT NOW IN A DEMOCRATIC PRIMARY, WE’RE IN A

DEMOCRATIC PRIMARY, WE’RE IN A PRIMARY, IT’S DEMOCRATS AGAINST

PRIMARY, IT’S DEMOCRATS AGAINST DEMOCRATS TO SAY HERE’S HOW

DEMOCRATS TO SAY HERE’S HOW WE’RE GOING TO DO THIS.

WE’RE GOING TO DO THIS. WE’RE GOING TO BUILD FROM THE

WE’RE GOING TO BUILD FROM THE GRASS ROOTS.

GRASS ROOTS. WE’RE ACTUALLY GOING TO BUILD A

WE’RE ACTUALLY GOING TO BUILD A FOUNDATION FOR THE DEMOCRATIC

FOUNDATION FOR THE DEMOCRATIC PARTY THAT IS REALLY ABOUT

PARTY THAT IS REALLY ABOUT FACE-TO-FACE, PERSON-TO-PERSON,

FACE-TO-FACE, PERSON-TO-PERSON, NEIGHBOR-TO-NEIGHBOR PEOPLE WHO

NEIGHBOR-TO-NEIGHBOR PEOPLE WHO ARE ENGAGED IN THIS CAMPAIGN.

ARE ENGAGED IN THIS CAMPAIGN. WHETHER THEY CAN GIVE $5 OR, $50

WHETHER THEY CAN GIVE $5 OR, $50 OR THOUSANDS OF DOLLARS.

OR THOUSANDS OF DOLLARS. WHAT WE CARE ABOUT IS THAT WE

WHAT WE CARE ABOUT IS THAT WE HAVE A WHOLE MOVEMENT OF ENGAGED

HAVE A WHOLE MOVEMENT OF ENGAGED PEOPLE WHO ARE GOING TO HELP US

PEOPLE WHO ARE GOING TO HELP US GET ELECTED.

GET ELECTED. NOT JUST TO THE WHITE HOUSE, BUT

NOT JUST TO THE WHITE HOUSE, BUT HELP US TAKE CONGRESS, HELP US

HELP US TAKE CONGRESS, HELP US TAKE STATEHOUSES, HELP US TAKE

TAKE STATEHOUSES, HELP US TAKE THE GOVERNOR’S MANSIONS AND HELP

THE GOVERNOR’S MANSIONS AND HELP US TO HAVE THE MOMENTUM WE NEED

US TO HAVE THE MOMENTUM WE NEED TO MAKE THE CHANGES ONCE WE’RE

TO MAKE THE CHANGES ONCE WE’RE ELECTED.

ELECTED. THIS IS ABOUT HOW WE BUILD REAL

THIS IS ABOUT HOW WE BUILD REAL CHANGE.

CHANGE. I’M EXCITED ABOUT IT.

I’M EXCITED ABOUT IT. >> HERE’S MY QUESTION, YOU’VE

>> HERE’S MY QUESTION, YOU’VE BEEN IN POLITICS FOR A LITTLE

BEEN IN POLITICS FOR A LITTLE WHILE.

WHILE. YOU’VE JUST RECENTLY WERE RELE

YOU’VE JUST RECENTLY WERE RELE RE-ELECTED.

RE-ELECTED. YOU HAVE DONE BIG TICKET

YOU HAVE DONE BIG TICKET FUND-RAISERS AND PUT TOGETHER A

FUND-RAISERS AND PUT TOGETHER A PRETTY GOOD WAR CHEST, $11

PRETTY GOOD WAR CHEST, $11 MILLION THAT YOU HAD AMASSED.

MILLION THAT YOU HAD AMASSED. WHAT DOES THAT SAY ABOUT WHAT

WHAT DOES THAT SAY ABOUT WHAT YOU WERE DOING BEFORE?

YOU WERE DOING BEFORE? THIS IS THE RIGHT WAY TO DO IT

THIS IS THE RIGHT WAY TO DO IT NOW, WHY NOW AND WHY NOT BEFORE?

NOW, WHY NOW AND WHY NOT BEFORE? >> SO, LOOK, I’VE NEVER ACTUALLY

>> SO, LOOK, I’VE NEVER ACTUALLY BEEN IN A DEEPLY COMPETITIVE

BEEN IN A DEEPLY COMPETITIVE PRIMARY.

PRIMARY. I GET IT.

I GET IT. REPUBLICANS COME TO THE TABLE

REPUBLICANS COME TO THE TABLE ARMED TO THE TEETH.

ARMED TO THE TEETH. THEY’VE GOT ALL OF THEIR DONORS,

THEY’VE GOT ALL OF THEIR DONORS, THEIR WEALTHY, WEALTHY DONORS

THEIR WEALTHY, WEALTHY DONORS AND SUPER PACS AND EVERYTHING

AND SUPER PACS AND EVERYTHING GOING FOR THEM.

GOING FOR THEM. I’M JUST GOING TO BE BLUNT.

I’M JUST GOING TO BE BLUNT. I DO NOT BELIEVE IN UNILATERAL

I DO NOT BELIEVE IN UNILATERAL DISARMAMENT.

DISARMAMENT. WE GOT TO GO INTO THE FIGHTS AND

WE GOT TO GO INTO THE FIGHTS AND BE WILLING TO --

BE WILLING TO -- >> WERE YOU TO GET THE

>> WERE YOU TO GET THE NOMINATION OR ANYONE ELSE, RAISE

NOMINATION OR ANYONE ELSE, RAISE ALL THE MONEY YOU CAN HOWEVER

ALL THE MONEY YOU CAN HOWEVER YOU CAN?

YOU CAN? >> YES, BUT HERE’S WHAT I WANT

>> YES, BUT HERE’S WHAT I WANT YOU TO SEE THAT’S DIFFERENT

YOU TO SEE THAT’S DIFFERENT ABOUT IT, CHRIS.

ABOUT IT, CHRIS. THINK ABOUT THE DIFFERENCE ONCE

THINK ABOUT THE DIFFERENCE ONCE WE’RE DOWN TO THE TWO

WE’RE DOWN TO THE TWO CANDIDATES.

CANDIDATES. IF THE DEMOCRATS HAVE SPENT THE

IF THE DEMOCRATS HAVE SPENT THE NEXT YEAR IN A PRIMARY, BUILDING

NEXT YEAR IN A PRIMARY, BUILDING THIS THING, FACE-TO-FACE,

THIS THING, FACE-TO-FACE, PERSON-TO-PERSON,

PERSON-TO-PERSON, NEIGHBOR-TO-NEIGHBOR ACROSS THE

NEIGHBOR-TO-NEIGHBOR ACROSS THE COUNTRY, THINK OF THE KIND OF

COUNTRY, THINK OF THE KIND OF FOUNDATION THAT WE HAVE LAID

FOUNDATION THAT WE HAVE LAID DOWN, SO THAT WHEN WE’RE REALLY

DOWN, SO THAT WHEN WE’RE REALLY UP AGAINST IT, IN THE GENERAL

UP AGAINST IT, IN THE GENERAL ELECTION IT’S NOT JUST MONEY TO

ELECTION IT’S NOT JUST MONEY TO FUND TELEVISION ADS, IT’S ALL

FUND TELEVISION ADS, IT’S ALL THE FOLKS WHO WILL DO THE DOOR

THE FOLKS WHO WILL DO THE DOOR KNOCKING AND MAKE THE PHONE

KNOCKING AND MAKE THE PHONE CALLS AND ALL THE FOLKS WHO WILL

CALLS AND ALL THE FOLKS WHO WILL REACH OUT TO THEIR NETWORK.

REACH OUT TO THEIR NETWORK. YOU KNOW HOW WE’LL WIN IN 2020.

YOU KNOW HOW WE’LL WIN IN 2020. IT WILL BE BIG.

IT WILL BE BIG. IT WILL BE PEOPLE WHO VOTED FOR

IT WILL BE PEOPLE WHO VOTED FOR DONALD TRUMP LAST TIME AROUND.

DONALD TRUMP LAST TIME AROUND. IT’S GOING TO BE PEOPLE WHO

IT’S GOING TO BE PEOPLE WHO HAVEN’T VOTED AT ALL.

HAVEN’T VOTED AT ALL. IT’S GOING TO BE PEOPLE WHO SEE

IT’S GOING TO BE PEOPLE WHO SEE A VISION, AND A WAY TO MAKE THIS

A VISION, AND A WAY TO MAKE THIS DEMOCRACY WORK, NOT JUST FOR THE

DEMOCRACY WORK, NOT JUST FOR THE RICH AND THE POWERFUL BUT MAKE

RICH AND THE POWERFUL BUT MAKE THIS DEMOCRACY WORK FOR

THIS DEMOCRACY WORK FOR EVERYONE.

EVERYONE. >> FINAL QUESTION ON THIS AND

>> FINAL QUESTION ON THIS AND ASK A FEW QUESTIONS ABOUT STUFF

ASK A FEW QUESTIONS ABOUT STUFF THAT IS HAPPENING IN THE

THAT IS HAPPENING IN THE CAMPAIGN.

CAMPAIGN. A PROPOSAL YOU PUT FORWARD.

A PROPOSAL YOU PUT FORWARD. THE QUESTION IS, HOW MUCH IS

THE QUESTION IS, HOW MUCH IS THIS RAN EITHER/OR.

THIS RAN EITHER/OR. THERE ARE CAMPAIGNS THAT ARE

THERE ARE CAMPAIGNS THAT ARE ABLE TO BUILD BOTH A SORT OF

ABLE TO BUILD BOTH A SORT OF THAT KIND OF GRASSROOTS

THAT KIND OF GRASSROOTS FUND-RAISING MACHINERY AND

FUND-RAISING MACHINERY AND WEALTHY DONORS AND BIG TICKET

WEALTHY DONORS AND BIG TICKET FUND-RAISING.

FUND-RAISING. WHAT DOES IT MEAN FOR A

WHAT DOES IT MEAN FOR A CANDIDATE’S TIME?

CANDIDATE’S TIME? WHY MAKE THIS SORT OF DECISION.

WHY MAKE THIS SORT OF DECISION. >> WELL, SEE, THAT’S THE REAL

>> WELL, SEE, THAT’S THE REAL POINT.

POINT. THE BEST ESTIMATES ARE THAT MOST

THE BEST ESTIMATES ARE THAT MOST CANDIDATES FOR OFFICE ARE

CANDIDATES FOR OFFICE ARE SPENDING ABOUT 70% OF THEIR TIME

SPENDING ABOUT 70% OF THEIR TIME WITH MILLIONAIRES AND

WITH MILLIONAIRES AND BILLIONAIRES SPENDING IT BEHIND

BILLIONAIRES SPENDING IT BEHIND CLOSED DOORS AT FANCY COCKTAIL

CLOSED DOORS AT FANCY COCKTAIL RECEPTIONS AND PRIVATE DINNERS

RECEPTIONS AND PRIVATE DINNERS IN MANSIONS.

IN MANSIONS. LET ME TELL YOU WHAT I’LL DO.

LET ME TELL YOU WHAT I’LL DO. I’LL DO CALL TIME TONIGHT.

I’LL DO CALL TIME TONIGHT. YOU KNOW WHAT CALL TIME IS.

YOU KNOW WHAT CALL TIME IS. >> IT’S -- IT GIVES ME A STOMACH

>> IT’S -- IT GIVES ME A STOMACH ACHE AND I DON’T EVEN HAVE TO DO

ACHE AND I DON’T EVEN HAVE TO DO CALL TIME.

CALL TIME. >> I AM DOING CALL TIME TONIGHT

>> I AM DOING CALL TIME TONIGHT AND TOMORROW AND THE NEXT TIME.

AND TOMORROW AND THE NEXT TIME. THE PEOPLE I’M CALLING TO SAY

THE PEOPLE I’M CALLING TO SAY THANK YOU TO I’LL CALL NOT BASED

THANK YOU TO I’LL CALL NOT BASED ON HOW MUCH MONEY THEY KICKED

ON HOW MUCH MONEY THEY KICKED IN.

IN. I’LL CALL PEOPLE AND SAY, THANK

I’LL CALL PEOPLE AND SAY, THANK YOU VERY MUCH FOR BEING PART OF

YOU VERY MUCH FOR BEING PART OF THIS.

THIS. THANK YOU FOR GOING TO

THANK YOU FOR GOING TO ELIZABETHWARREN.COM SIGNING UP

ELIZABETHWARREN.COM SIGNING UP WHETHER YOU SIGNED UP FOR 5

WHETHER YOU SIGNED UP FOR 5 BUCKS OR 25 BUCKS OR 50 BUCKS

BUCKS OR 25 BUCKS OR 50 BUCKS AND THANKS FOR VOLUNTEERING.

AND THANKS FOR VOLUNTEERING. YOU KNOW, CHRIS, I’M ONLY GOING

YOU KNOW, CHRIS, I’M ONLY GOING TO COME THIS WAY ONCE.

TO COME THIS WAY ONCE. FIRST-TIME CANDIDATE FOR

FIRST-TIME CANDIDATE FOR PRESIDENT.

PRESIDENT. I WANT TO RUN A CAMPAIGN THAT’S

I WANT TO RUN A CAMPAIGN THAT’S BASED ON IDEAS THAT’S BASED ON

BASED ON IDEAS THAT’S BASED ON PRINCIPLES THAT’S BASED ON

PRINCIPLES THAT’S BASED ON RESTORING DEMOCRACY AND I THINK

RESTORING DEMOCRACY AND I THINK THIS IS A WAY TO DO THAT.

THIS IS A WAY TO DO THAT. JOIN US.

JOIN US. >> TO SEGUE THAT YOU HAVE A VERY

>> TO SEGUE THAT YOU HAVE A VERY AMBITIOUS UNIVERSE SLAL CHILD

AMBITIOUS UNIVERSE SLAL CHILD CARE PROPOSAL YOUR CAMPAIGN PUT

CARE PROPOSAL YOUR CAMPAIGN PUT OUT A WEEK AGO IF I’M NOT

OUT A WEEK AGO IF I’M NOT MISTAKEN.

MISTAKEN. >> YEP.

>> YEP. >> SO LET’S SAY YOU VIEW THE

>> SO LET’S SAY YOU VIEW THE PROBLEM THAT PARENTS

PROBLEM THAT PARENTS PARTICULARLY WOMEN DO NOT HAVE

PARTICULARLY WOMEN DO NOT HAVE RACK SES TO CHILD CARE.

RACK SES TO CHILD CARE. IT HURTS FEMALE LABOR FOR

IT HURTS FEMALE LABOR FOR PARTICIPATION AND INCREDIBLY

PARTICIPATION AND INCREDIBLY FINANCIAL BURDEN.

FINANCIAL BURDEN. TWO DIFFERENT WAYS TO SOLVE IT.

TWO DIFFERENT WAYS TO SOLVE IT. ONE IS UNIVERSAL CHILD CARE YOU

ONE IS UNIVERSAL CHILD CARE YOU STAND UP AND A CREDIT FOR THE

STAND UP AND A CREDIT FOR THE FEDERAL GOVERNMENT WHICH LOOKS

FEDERAL GOVERNMENT WHICH LOOKS LIKE WHAT YOU’RE PROPOSING, THE

LIKE WHAT YOU’RE PROPOSING, THE OTHER WOULD BE JUST LIKE GIVE

OTHER WOULD BE JUST LIKE GIVE PEOPLE A CHILD CARE TAX CREDIT

PEOPLE A CHILD CARE TAX CREDIT AND THEN THEY CAN GO OUT THERE

AND THEN THEY CAN GO OUT THERE INTO THE MARKETPLACE AND FIND

INTO THE MARKETPLACE AND FIND IT.

IT. WHY DID YOU CHOOSE YOUR PATH.

WHY DID YOU CHOOSE YOUR PATH. >> SO I CHOSE IT FOR A COUPLE OF

>> SO I CHOSE IT FOR A COUPLE OF REASONS.

REASONS. IT’S THE WAY TO GET REAL MONEY

IT’S THE WAY TO GET REAL MONEY INTO IT FOR EVERYONE.

INTO IT FOR EVERYONE. THIS IS CHILD CARE.

THIS IS CHILD CARE. UNIVERSAL CHILD CARE AND I

UNIVERSAL CHILD CARE AND I SHOULD SAY EARLY LEARNING.

SHOULD SAY EARLY LEARNING. IT IS AN INVESTMENT FROM ZERO TO

IT IS AN INVESTMENT FROM ZERO TO 5.

5. IN OUR FUTURE.

IN OUR FUTURE. AND SO IT’S ABOUT CHILD CARE FOR

AND SO IT’S ABOUT CHILD CARE FOR ALL OUR KIDS BUT ALSO ABOUT

ALL OUR KIDS BUT ALSO ABOUT PUTTING THE MONEY INTO EARLY

PUTTING THE MONEY INTO EARLY LEARNING BECAUSE WE HAVE LEARNED

LEARNING BECAUSE WE HAVE LEARNED THAT NICKELS SPENT ON

THAT NICKELS SPENT ON 2-YEAR-OLDS AND 3-YEAR-OLDS AND

2-YEAR-OLDS AND 3-YEAR-OLDS AND 4-YEAR-OLDS SO THEY’RE READY TO

4-YEAR-OLDS SO THEY’RE READY TO GO TO KINDERGARTEN AND READY TO

GO TO KINDERGARTEN AND READY TO LEARN, PAYS OFF MANY, MANY,

LEARN, PAYS OFF MANY, MANY, TIMES OVER THROUGH THE YEARS.

TIMES OVER THROUGH THE YEARS. SO WHAT THIS PERMITS US TO DO IS

SO WHAT THIS PERMITS US TO DO IS TO HAVE ENOUGH MONEY, ENOUGH

TO HAVE ENOUGH MONEY, ENOUGH RESOURCES AND THEN GO STRAIGHT

RESOURCES AND THEN GO STRAIGHT INTO THE COMMUNITIES AND THE

INTO THE COMMUNITIES AND THE PROVIDERS, THE NONPROFITS, THE

PROVIDERS, THE NONPROFITS, THE TOWNS AND CITIES THAT WANT TO DO

TOWNS AND CITIES THAT WANT TO DO THIS AND SAY, HERE ARE THE

THIS AND SAY, HERE ARE THE STANDARDS.