The Warning with Steve Schmidt Steve Schmidt: The Trump Era Will End
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Feb 6, 2026 A hard look at alleged large-scale corruption and comparisons to kleptocratic regimes. Senate hearings and risks to taxpayer funds get sharp attention. Concerns over firing powers and pressure on financial institutions come into focus. Demands for huge payments from institutions and the scale of alleged personal enrichment are highlighted.
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Unprecedented Kleptocracy Comparison
- Steve Schmidt argues Trump's corruption is unprecedented and comparable to kleptocratic strongmen like Vladimir Putin.
- He frames this theft as selling American assets and secrets to foreign actors for personal gain.
Selling Tech Risks American Lives
- Schmidt warns that chips and technology sold to allies could end up empowering adversaries and risking U.S. lives in future conflict.
- He links personal enrichment to tangible national security dangers.
Senate Showdown Over $10B Lawsuit
- Steve Schmidt recounts the Senate hearing exchange where Senator Ruben Gallego questions Treasury Secretary Scott Besson about a $10 billion lawsuit against the IRS.
- The transcript shows Gallego pressing on where that money would come from and whether the secretary serves the president or the public.