Nancy Pelosi Asked Point Blank About Trump Accusing Her Of Insider Trading

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Speaker Emerita Pelosi is interviewed by Jake Tapper on CNN.

Transcript

00:00with redistricting because Texas Republicans earlier today unveiled their highly anticipated

00:05map of how they would redraw districts in their state to basically flip five Democratic House

00:10seats, make them Republican. Under this map, for example, Democratic Congressman Greg Cesar's seat

00:16is completely eliminated. Congressman Henry Cuellar, Congressman Vicente Gonzalez's districts

00:21will be made more Trump-leaning. Now, Democratic governors, as I don't need to tell you,

00:27in places such as California are vowing to fight this tit for tat. Do you support that? Should

00:32California respond with their own redistricted map to give Democrats more seats? Yes, but before I

00:41go into that, let me just say that what you just described was the elimination of many minority

00:46seats in Texas, and that's unfortunate because the gerrymandering that they're doing is also

00:53undermining the diversity that we need to have in the Congress. As far as California is concerned,

01:00we would go to a commission. We have a commission-based redistricting. Instead of the gerrymandering that

01:06they're doing in Texas, we've had a commission that has drawn the lines in California. We would

01:13alter that a bit in order to pick up the seats that we need. It's not necessary if Texas doesn't do this,

01:20but the Texas redistricting and what the president has talked about in other parts in the country

01:24is indicative of the poverty of ideas that the Republicans have, and they have to resort

01:29to this kind of gimmickry in order to try to hold the House. But we will hold the House,

01:35and we will participate in California if Texas decides to go forward.

01:42Your governor, Gavin Newsom, said that the 2026 election is being rigged by the Republicans. Is that

01:48how you see it? Absolutely. Absolutely. But it's who they are. But again, so much is at stake in this

01:57election. We fully intend to take back the House. We only need about three seats. I want 30, of course.

02:03And they know that. That's why they have to go into this rigging process. But we will, again,

02:10we have the capacity to have more seats in California. We can win them in the election,

02:15or we can ensure them in the change in the commission. Now, with the caveat that the commission

02:24would, in the next redistricting, go back to drawing the lines.

02:30This afternoon, President Trump mentioned you, and he made an allegation about your investments.

02:35I want to roll that clip and then give you a chance to respond.

02:37Yeah.

02:46Seem to be having some sort of...

02:48His own investments.

02:49Yeah.

02:49No, I mean, we...

02:50Let me just read what he said. I'm sorry that we had some sort of technical issue. Nancy Pelosi

02:54became rich...

02:54Why do you have to read that? We're here to talk about the 60th anniversary of Medicaid.

02:59That's what I agreed to come to talk about.

03:01Yeah, but I wanted to...

03:01And what that means in the election.

03:03I wanted to give you a chance just to respond. He accused you of insider trading. What's your response

03:07to that?

03:09That's ridiculous. In fact, I very much support the stop, the trading of members of Congress. Not that

03:16I think anybody's doing anything wrong. If they are, they are prosecuted and they go to jail. But

03:22because of the confidence that it instills in the American people, don't worry about this. But I have

03:28no concern about the obvious investments that have been made over time. I'm not into it. My husband is.

03:37But it isn't anything to do with anything insider. But the president has his own exposure. So he's

03:43always projecting. He's always projecting. And let's not give him any more time on that, please. We're going

03:49forward here. And I'm very proud of my family. And while he might make fun of us, while somebody

03:56inspired by him breaks into our home and hits my head in a deadly fashion, hits my husband over the

04:01head and he thinks that's a riot, I'd rather not go into some of my other complaints about him right

04:07now. Rather to talk about the 60th anniversary of Medicaid and Medicare, what a triumph, a great pillar of

04:16economic and health security for the American people. We had over the weekend a Caring Across

04:24Generations initiative of a 60-hour vigil of all of us taking turns, myself, my daughter,

04:33my granddaughter, my granddaughter, and all the rest, taking turns over 60 hours to tell stories

04:39of how all of this, what all this means in people's lives. We, since just since all this has emerged,

04:46have had 300,000 calls from our Californians to people in public health districts for them to,

04:54the constituents to call their, their, their Republican members of Congress who have voted for this

05:02shameful, shameful, shameful, dirty, filthy, stinking, lousy, rotten, anything but beautiful act. And now

05:09we are engaged in the Save Medicaid summer. So today is the 60th anniversary. It's something to be very,

05:17very proud of. And instead of what the Republicans are doing to deprive people of access

05:24to healthcare who need it so badly, people with disabilities who need it so badly, for the children,

05:29let me ask you, polling over the, over the weekend from the Wall Street Journal showed a Democratic

05:34approval rating for the party as a whole at an all-time low with only 33% of voters having a

05:40favorable impression of the party. Do you think the changes to Medicaid that are going to be made to,

05:50that are going to be made because of the One Big Beautiful Bill Act, do you think that is going to

05:55help Democrats significantly in the midterms next year?

06:01Well, I think we were always going to win. As I said, we only need three seats and Hakeem Jeffries,

06:06we're very proud of him, will be the Speaker of the House. But again, certainly the vote that these

06:12people took to throw people off of Medicare to close rural hospitals to the hundreds and in terms of the

06:19hundreds in terms of hospitals and rural clinics and the rest, and to, to what it does for our veterans who,

06:25and people with disabilities who need help. Yeah, it should be helpful. But the fact is,

06:30we wish they would just change their vote. We'd rather have Medicaid and not have it as an issue

06:36in the campaign. But if it is, we certainly make sure people know how their member of Congress voted.

06:42You know, I always repeat Lincoln. Lincoln said public sentiment is everything. With it,

06:47you can accomplish almost anything. Without it, practically nothing. But for that to prevail,

06:53people have to know. So that's what we're making sure that people know,

06:58what the difference is in this election when it comes to their, their, their well-being. And

07:03people are telling their stories. And last 18, when we won before winning 40 seats,

07:0831 of them in Trump districts, people, 10,000 events around the country, people telling their

07:13stories. You'll see a lot of this now. And we fully intend to win. And we'll know even more

07:19by September and October, when people start filing for election, when you see the A-team that the

07:25Democrats put forth and having to, the Republicans and companies trying to defend what they are doing

07:32to the American people by voting to cut, cut, cut. Now, our summer is about cancel the cuts,

07:39cancel the Trump Medicaid cuts. So you just, we just got some news a couple hours ago from your home

07:44state of California. We're learning that your former Senator and Vice President Kamala Harris is

07:49not going to run for governor in California. This obviously opens the door for her to run

07:54for president again in 2028. Is that something you'd like to see?

07:59Well, I'm sure that I support any decision that she made in terms of running for governor in

08:04California. And now we're off to a gubernatorial race. We have many great candidates,

08:09one in particular, Lenny Sakopla, so my support. But if Kamala was not running,

08:17whatever she decides to do in the future, that election's three years off. I'm focused on this one

08:23right now. And then the gubernatorial, the governor's race now, as well as the first and foremost

08:30for me, winning the House to save our democracy and to save health care for our children and for

08:37the American people. Yeah. Democratic Congressman Jerry Nadler from New York is now facing a

08:42Democratic primary challenger in his race in the midterms. 26-year-old Liam Elkind says he's running

08:48against Nadler because he no longer thinks Nadler has the energy or the mindset to respond to the

08:52threat posed by Donald Trump. What's your response? Are you going to back Nadler?

08:59Well, Nadler decided that he's going to run. If he does, of course, I will support him. I've always

09:05supported the incumbents. And again, that isn't without any encouragement for other people to

09:11express their own enthusiasm about the future. But let me say that I have had my disappointments

09:18in New York elections in the past. Let's hope that whatever happens there ends up on the very

09:24plus side of Democrats taking back the House. I've never not had an opponent. I've never not had an

09:32opponent. I don't remember anybody endorsing me from the Congress, but I've never not had an opponent.

09:38That's politics. All right, Speaker Emerita Nancy Pelosi, thanks so much. Appreciate your time.

09:43Cancel the Medicare cuts. Always on message. Speaker Mike Johnson is also coming up.

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