No, he said that Mueller didn't address the issue of collusion. Mueller was there to explain if there was obstruction of justice. Schiff then goes on to list the instances of collusion which, as he says, are in plain sight.
So saying this was a conspiracy theory is simply wrong. We know that Russia offered help, we know that Trump's team accepted the help, we know that Trump asked for Russia's help on TV, we know that Russia then helped Trump.
If this is a conspiracy theory, then the theory has been proven.
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