1 00:00:02,000 --> 00:00:06,240 Speaker 1: Live from our nation's capital. This is Bloomberg's sound on 2 00:00:07,320 --> 00:00:09,880 Speaker 1: No president should be able to sustain boot on the 3 00:00:09,920 --> 00:00:13,880 Speaker 1: ground without congressional approval and without a clear explanation of 4 00:00:13,960 --> 00:00:16,360 Speaker 1: what the mission is and what the endgame is. This 5 00:00:16,560 --> 00:00:20,160 Speaker 1: isn't really about the echomic policy. This is about the coronavirus. 6 00:00:20,200 --> 00:00:25,239 Speaker 1: Floomberg Sound on Politics, Policy and perspective from DC's top name. 7 00:00:25,720 --> 00:00:28,800 Speaker 1: We must use every school possible to defeat the desault 8 00:00:28,880 --> 00:00:31,920 Speaker 1: on women's reproductive rights. This is a steady growth that 9 00:00:31,960 --> 00:00:33,760 Speaker 1: we're seeing here in our economy, you know, over the 10 00:00:33,800 --> 00:00:38,440 Speaker 1: last three months. Bloomberg Sound On with Joe Matthew on 11 00:00:38,640 --> 00:00:43,400 Speaker 1: Bloomberg Radio Live from Washington, where we start the new 12 00:00:43,440 --> 00:00:46,199 Speaker 1: week with the biggest dose of information we've gotten yet 13 00:00:46,240 --> 00:00:49,280 Speaker 1: on how Democrats will pay for it the three and 14 00:00:49,280 --> 00:00:52,239 Speaker 1: a half trillion dollar reconciliation bill. We're gonna look at 15 00:00:52,280 --> 00:00:55,960 Speaker 1: for post taxhikes for corporations and investors, and we'll get 16 00:00:56,000 --> 00:00:58,960 Speaker 1: into the fine print just ahead with Bloomberg Tax reporter 17 00:00:59,040 --> 00:01:03,639 Speaker 1: Allison Verse and more with Congressman French Hill, Republican from 18 00:01:03,720 --> 00:01:07,319 Speaker 1: Arkansas who serves on the House Financial Services Committee. The 19 00:01:07,360 --> 00:01:11,240 Speaker 1: panel today classic Bloomberg Sound on panel with our politics 20 00:01:11,280 --> 00:01:15,560 Speaker 1: contributors Genie Chanzano and Rick Davis and later Secretary of 21 00:01:15,560 --> 00:01:18,520 Speaker 1: State Anthony B. Lincoln being grilled on the Afghan withdrawal. 22 00:01:18,520 --> 00:01:20,559 Speaker 1: It's still underway now and we'll be joined by foreign 23 00:01:20,560 --> 00:01:24,000 Speaker 1: relations expert Lester Monson. Lots of cover today. We've got 24 00:01:24,000 --> 00:01:26,880 Speaker 1: our Green visors on today. After the House Ways and 25 00:01:26,959 --> 00:01:30,520 Speaker 1: Means Committee released its proposals for tax hikes to pay 26 00:01:30,560 --> 00:01:33,400 Speaker 1: for the Reconciliation plan, the corporate tax rate rising to 27 00:01:33,480 --> 00:01:35,440 Speaker 1: twenty six and a half percent, news you may have 28 00:01:35,760 --> 00:01:38,840 Speaker 1: woken up to on bloom Bloomberg Radio TV. Maybe the terminal, 29 00:01:38,880 --> 00:01:42,720 Speaker 1: the capital gains tax at and more where that came 30 00:01:42,760 --> 00:01:46,039 Speaker 1: from for the wealthy, for crypto, even for people who smoke, 31 00:01:47,560 --> 00:01:50,160 Speaker 1: and joining us to talk about it is an in 32 00:01:50,240 --> 00:01:54,280 Speaker 1: house experts Bloomberg Tax reporter Alison Verse. Bill Allison, thanks 33 00:01:54,280 --> 00:01:56,480 Speaker 1: for being with us here. It's an interesting kind of 34 00:01:56,560 --> 00:01:59,400 Speaker 1: menu of options since most all of them fall short 35 00:01:59,440 --> 00:02:01,760 Speaker 1: of what President Biden was calling for, certainly with regard 36 00:02:01,800 --> 00:02:04,760 Speaker 1: to the corporate tax rate and the capital gains tax rate. 37 00:02:05,040 --> 00:02:07,520 Speaker 1: How do lawmakers in the House, Democrats in the House, 38 00:02:07,640 --> 00:02:09,200 Speaker 1: make up for it when you're trying to get to 39 00:02:09,280 --> 00:02:13,080 Speaker 1: three and a half trillion. So I think there were 40 00:02:13,120 --> 00:02:16,560 Speaker 1: several big revenue raisers that weren't included in the House 41 00:02:16,560 --> 00:02:19,320 Speaker 1: Democrats plan so far, at least, UM, we could still 42 00:02:19,320 --> 00:02:22,960 Speaker 1: see some amendments. One of those was a you know, 43 00:02:23,000 --> 00:02:26,239 Speaker 1: a capital gains tax that would be imposed on millionaires 44 00:02:26,320 --> 00:02:29,680 Speaker 1: at death on any appreciate appreciated assets that they hold 45 00:02:29,760 --> 00:02:33,720 Speaker 1: until death. Um. The Senate has pretty much indicated that 46 00:02:33,760 --> 00:02:36,880 Speaker 1: this is still very much on the table. Senate Finance 47 00:02:36,919 --> 00:02:40,200 Speaker 1: Committee Chairman Ron Wide and you know this morning sent 48 00:02:40,240 --> 00:02:42,720 Speaker 1: me a statement saying that this is still something that 49 00:02:42,760 --> 00:02:45,880 Speaker 1: he'd really like to consider. Um. There was also an 50 00:02:45,880 --> 00:02:50,239 Speaker 1: emission of a minimum tax on the profits that company's 51 00:02:50,320 --> 00:02:54,240 Speaker 1: report to their shareholders. So this is um, you know, 52 00:02:54,760 --> 00:02:59,359 Speaker 1: a tax on financial reporting numbers. Uh. The President had 53 00:02:59,600 --> 00:03:03,160 Speaker 1: previously proposed to this tax as well, and it aims 54 00:03:03,200 --> 00:03:06,960 Speaker 1: specifically at companies like Amazon who pay you know, historically 55 00:03:07,000 --> 00:03:09,960 Speaker 1: low effective tax rates by kind of racking up a 56 00:03:09,960 --> 00:03:12,680 Speaker 1: bunch of tax breaks. UM. So that was something that 57 00:03:12,760 --> 00:03:17,400 Speaker 1: was noticeably absent. The House also has not included UM. 58 00:03:17,600 --> 00:03:22,400 Speaker 1: Bank reporting requirements that would essentially have these financial institutions 59 00:03:22,400 --> 00:03:25,240 Speaker 1: report more information to the I R S as a 60 00:03:25,240 --> 00:03:28,800 Speaker 1: way to be self enforcement, and that in particular, the 61 00:03:28,840 --> 00:03:32,000 Speaker 1: White House has estimated UM as potentially bringing in four 62 00:03:32,080 --> 00:03:35,560 Speaker 1: hundred and sixty three billion dollars in revenue over ten years. 63 00:03:36,040 --> 00:03:38,000 Speaker 1: So I guess there's my question, Allison, as we walked 64 00:03:38,040 --> 00:03:39,880 Speaker 1: through all of this stuff, if if the Ways and 65 00:03:40,000 --> 00:03:45,080 Speaker 1: Means plan that was released today was actually passed, and say, 66 00:03:45,200 --> 00:03:48,320 Speaker 1: add the dynamic scoring that they even referred to, would 67 00:03:48,360 --> 00:03:50,080 Speaker 1: it pay for the bill? Would it reach three and 68 00:03:50,120 --> 00:03:54,680 Speaker 1: a half Trulli No? So you know, currently it doesn't 69 00:03:54,720 --> 00:03:56,880 Speaker 1: seem like it that's adding up, so they will need 70 00:03:56,920 --> 00:03:59,960 Speaker 1: to find some other revenue raisers. UM. And like I said, 71 00:04:00,040 --> 00:04:03,400 Speaker 1: the Senate is still considering a number of items, including 72 00:04:03,640 --> 00:04:07,640 Speaker 1: excise taxes on stock buybacks. UM. So there's plenty that 73 00:04:07,640 --> 00:04:09,880 Speaker 1: that's still on the table right now. And this is 74 00:04:10,040 --> 00:04:13,160 Speaker 1: really just kind of an opening shot for Democrats. UM. 75 00:04:13,200 --> 00:04:14,720 Speaker 1: So we'll have to see how this shapes up over 76 00:04:14,720 --> 00:04:17,560 Speaker 1: the next couple of weeks. So much can change from here. 77 00:04:17,800 --> 00:04:20,680 Speaker 1: Thank you, Allison. First, Brill Bloomberg, tax reporter who's I'm 78 00:04:20,720 --> 00:04:23,120 Speaker 1: sure had a very busy day and joining us to 79 00:04:23,120 --> 00:04:26,080 Speaker 1: talk about it more as Congressman French Hill, Republican from Arkansas, 80 00:04:26,160 --> 00:04:29,640 Speaker 1: who serves on the House Financial Services Committee. Congressmen, welcome 81 00:04:29,680 --> 00:04:31,760 Speaker 1: back to Bloomberg Radio. As always, you were in the 82 00:04:31,800 --> 00:04:35,840 Speaker 1: House when Republicans past President Trump's tax cuts in two 83 00:04:35,880 --> 00:04:41,360 Speaker 1: thousand seventeen, right, are they now being reversed? Well, Joe Biden, Joe, 84 00:04:41,400 --> 00:04:43,600 Speaker 1: it's good to be with you. Joe Biden campaigned on 85 00:04:43,800 --> 00:04:46,360 Speaker 1: reversing those he said he wanted to do away with 86 00:04:46,400 --> 00:04:49,920 Speaker 1: the Trump tax cuts. That's why I think Allison's right 87 00:04:50,040 --> 00:04:52,720 Speaker 1: that both in the House and in the Senate, there 88 00:04:52,760 --> 00:04:57,040 Speaker 1: are many more tax increases that will be proposed beyond 89 00:04:57,600 --> 00:05:00,960 Speaker 1: the ones that Richard Neil noted today, the corporate tax 90 00:05:01,000 --> 00:05:04,279 Speaker 1: and the capital gains tax. So he's making good on 91 00:05:04,360 --> 00:05:07,360 Speaker 1: his campaign promise. I just wonder if you've actually seen this, uh, 92 00:05:07,480 --> 00:05:10,240 Speaker 1: this draft that we saw from the Ways and Means 93 00:05:10,240 --> 00:05:13,400 Speaker 1: Committee today, would that do away with essentially the work 94 00:05:14,160 --> 00:05:18,640 Speaker 1: that you got done in well, it would certainly hurt 95 00:05:18,720 --> 00:05:22,200 Speaker 1: small businesses. You know, this is National Small Business Week 96 00:05:22,320 --> 00:05:25,760 Speaker 1: and President Biden campaign on not raising taxes on people 97 00:05:25,800 --> 00:05:28,919 Speaker 1: that made less than four hundred thousand dollars, and I 98 00:05:28,960 --> 00:05:31,760 Speaker 1: think by virtue of the reversals that he's showing today, 99 00:05:32,120 --> 00:05:34,920 Speaker 1: he's obviously not willing to live up to that. He's 100 00:05:34,960 --> 00:05:38,239 Speaker 1: going to raise taxes on working people, make it harder 101 00:05:38,279 --> 00:05:40,960 Speaker 1: to start a business, harder to do investing in small 102 00:05:41,000 --> 00:05:45,479 Speaker 1: business and venture capital, and imposing more regulatory mandate. So 103 00:05:46,240 --> 00:05:49,440 Speaker 1: that's not to be unexpected when you are also proposing 104 00:05:49,480 --> 00:05:52,360 Speaker 1: to spend three and a half trillion dollars on top 105 00:05:52,400 --> 00:05:54,240 Speaker 1: of the five tree, and that we've spent to fight 106 00:05:54,320 --> 00:05:58,200 Speaker 1: COVID nineteen last year, which is on top of the 107 00:05:58,320 --> 00:06:00,680 Speaker 1: normal four and a half trie in dollars of the 108 00:06:00,680 --> 00:06:03,240 Speaker 1: government spends over the year to run its operations. I 109 00:06:03,320 --> 00:06:05,080 Speaker 1: can't keep track of any of this anywhere, to be 110 00:06:05,120 --> 00:06:06,680 Speaker 1: honest with you, but we'll see where we end up 111 00:06:06,680 --> 00:06:08,559 Speaker 1: at the end of this debate. Congressman, I just wonder 112 00:06:08,800 --> 00:06:10,160 Speaker 1: the really question I guess I have for you is, 113 00:06:10,200 --> 00:06:12,920 Speaker 1: as a Republican in the House and one with a 114 00:06:13,000 --> 00:06:17,120 Speaker 1: focus on finance, do you want it to affect these proposals? 115 00:06:17,120 --> 00:06:18,960 Speaker 1: Are you trying to get involved in this debate or 116 00:06:19,000 --> 00:06:21,080 Speaker 1: you basically waiting on the floor waiting to vote no 117 00:06:21,240 --> 00:06:24,400 Speaker 1: on this whole thing. Well, here's the bottom line. The 118 00:06:24,440 --> 00:06:28,000 Speaker 1: Democrats control the Senate procedure led by Bernie Sanders on 119 00:06:28,040 --> 00:06:30,760 Speaker 1: the three and a half trillion, and a compromise group 120 00:06:30,800 --> 00:06:33,000 Speaker 1: on that infrastructure bill and over in the House, though 121 00:06:33,000 --> 00:06:36,200 Speaker 1: we have no control. Anti Pelosi controls the votes, controls 122 00:06:36,240 --> 00:06:40,279 Speaker 1: the amendments. Do you feel like a spectator? Yeah. I 123 00:06:40,360 --> 00:06:42,640 Speaker 1: think there's an old rule about the House, Joe, which 124 00:06:42,680 --> 00:06:46,920 Speaker 1: is the majority party runs the House and the minority 125 00:06:47,000 --> 00:06:51,119 Speaker 1: party watches. That's sort of the tradition the American House 126 00:06:51,160 --> 00:06:54,039 Speaker 1: of Representatives. But that doesn't mean we don't push back 127 00:06:54,480 --> 00:06:59,400 Speaker 1: on bad ideas and tax policy, regulatory policy, housing policy, 128 00:06:59,560 --> 00:07:02,760 Speaker 1: because that's our obligation to our constituents. We want the 129 00:07:02,839 --> 00:07:05,359 Speaker 1: best policy for our country and not go down the 130 00:07:05,360 --> 00:07:08,040 Speaker 1: wrong road, which is what I think Senator Sanders and 131 00:07:08,120 --> 00:07:11,320 Speaker 1: Joe Biden are proposing. Talking with Congressman French Hill on 132 00:07:11,320 --> 00:07:13,840 Speaker 1: Bloomberg Sound on Democrats, as I'm sure you saw on 133 00:07:13,880 --> 00:07:16,680 Speaker 1: the Ways and Means say they also plan to undo 134 00:07:16,720 --> 00:07:19,320 Speaker 1: the cap on the salt deduction. I don't want to 135 00:07:19,360 --> 00:07:21,560 Speaker 1: get too wonky here, although you know I love doing that. 136 00:07:21,640 --> 00:07:23,360 Speaker 1: I just I know that it involved a lot of 137 00:07:23,400 --> 00:07:26,280 Speaker 1: great debate with between moderate and progressive Democrats. The state 138 00:07:26,320 --> 00:07:29,520 Speaker 1: and local tax deduction was capped at ten percent in 139 00:07:29,520 --> 00:07:34,680 Speaker 1: the law. Would you support this move to undo that cap. Well, 140 00:07:34,720 --> 00:07:37,960 Speaker 1: here's what we did. That was a strong compromise between 141 00:07:38,240 --> 00:07:41,800 Speaker 1: tax states that tax people heavily and property taxes and 142 00:07:41,840 --> 00:07:45,600 Speaker 1: income taxes like New York and California, and taxes states 143 00:07:45,600 --> 00:07:48,960 Speaker 1: that have a lighter touch like Texas. And property taxes 144 00:07:49,000 --> 00:07:52,600 Speaker 1: were capped at ten thousand dollars. In my state of Arkansas, 145 00:07:52,920 --> 00:07:56,120 Speaker 1: nine out of ten taxpayers benefited and saw a lower 146 00:07:56,200 --> 00:07:59,560 Speaker 1: rate and a lower tax owed because of that. What 147 00:08:00,080 --> 00:08:03,520 Speaker 1: Democrats are doing is splitting their own votes on this 148 00:08:03,640 --> 00:08:07,920 Speaker 1: tax proposal. New York, New Jersey, California. They want that 149 00:08:08,040 --> 00:08:11,840 Speaker 1: cap lifted. The rest of the of the estates are 150 00:08:12,040 --> 00:08:14,360 Speaker 1: somewhere in the middle on it, they don't feel as strongly. 151 00:08:14,800 --> 00:08:17,600 Speaker 1: And then the progressive left, a case of Cortez and 152 00:08:17,680 --> 00:08:20,640 Speaker 1: others don't believe it should be changed at all. Yeah, 153 00:08:20,720 --> 00:08:23,400 Speaker 1: which she says it's a gift to billionaires. This sounds 154 00:08:23,440 --> 00:08:26,960 Speaker 1: like an all News as local kind of story. Congressman, Well, 155 00:08:27,000 --> 00:08:30,679 Speaker 1: it is. It's about representing your constituents, but it's also 156 00:08:30,720 --> 00:08:35,920 Speaker 1: about the progressive lefts agenda to promote socialist policies. Bigger 157 00:08:35,960 --> 00:08:39,520 Speaker 1: government government is a larger percentage of GDP, and that's 158 00:08:39,559 --> 00:08:42,480 Speaker 1: the direction of the progressive left wants to go and 159 00:08:42,520 --> 00:08:46,040 Speaker 1: therefore cutting people a break in New York, California, New 160 00:08:46,120 --> 00:08:50,080 Speaker 1: Jersey doesn't fit in with that uh rubric that they 161 00:08:51,000 --> 00:08:53,240 Speaker 1: You know, one debate you will be directly involved in 162 00:08:53,480 --> 00:08:57,640 Speaker 1: is keeping the government funded. As this reconciliation comes together 163 00:08:57,720 --> 00:09:01,200 Speaker 1: on on one side, there's got to be a continuing resolution. 164 00:09:01,280 --> 00:09:03,040 Speaker 1: I understand at least it will be in that form 165 00:09:03,080 --> 00:09:06,040 Speaker 1: to fund the government. There's talk about funding for Afghanistan 166 00:09:06,800 --> 00:09:11,920 Speaker 1: refugee resettlement, there's talk about Hurricane Ida response, storm clean up, 167 00:09:11,960 --> 00:09:14,240 Speaker 1: and so forth. There's also Congressman, and I don't have 168 00:09:14,280 --> 00:09:17,360 Speaker 1: to tell you talk about the debt ceiling. Do you 169 00:09:17,400 --> 00:09:20,920 Speaker 1: agree with Democrats that it's it's worth hiking the debt 170 00:09:21,000 --> 00:09:24,280 Speaker 1: ceiling to pay off the bills in many cases of 171 00:09:24,280 --> 00:09:29,520 Speaker 1: the Trump administration. Well, traditionally the debt ceiling is raised, 172 00:09:29,520 --> 00:09:32,040 Speaker 1: it's up to the majority party to put that bill 173 00:09:32,200 --> 00:09:35,760 Speaker 1: on the House floor and the Senate floor and craft 174 00:09:36,240 --> 00:09:38,400 Speaker 1: the proposal and get the votes for it. And I'm 175 00:09:38,440 --> 00:09:41,360 Speaker 1: sure that Chuck Schumer and Nancy Pelosi had that plan. 176 00:09:41,440 --> 00:09:44,360 Speaker 1: I look forward to seeing what they actually proposed as 177 00:09:44,400 --> 00:09:47,480 Speaker 1: they proposed to raise the dead ceiling before I make 178 00:09:47,520 --> 00:09:50,839 Speaker 1: a final decision on it. But traditionally, look, America is 179 00:09:50,880 --> 00:09:54,400 Speaker 1: not going to default on our treasury obligations. That would 180 00:09:54,440 --> 00:09:57,439 Speaker 1: be bad policy and a bad idea, and we haven't 181 00:09:57,440 --> 00:09:59,320 Speaker 1: done it, so I don't expect it to happen here. 182 00:09:59,679 --> 00:10:01,640 Speaker 1: There's been some concern about the way it would be done, though, 183 00:10:01,720 --> 00:10:05,200 Speaker 1: Right should that be a standalone bill that Democrats and 184 00:10:05,200 --> 00:10:07,120 Speaker 1: Republicans can vote on, or is it is it fair 185 00:10:07,160 --> 00:10:09,400 Speaker 1: to put it in with a government funding bill if 186 00:10:09,400 --> 00:10:12,360 Speaker 1: it ends up in the CR. I would say I've 187 00:10:12,360 --> 00:10:14,760 Speaker 1: seen it both ways in my short six years in 188 00:10:14,800 --> 00:10:18,360 Speaker 1: the House, so attaching a debt, a short term debt 189 00:10:18,400 --> 00:10:22,600 Speaker 1: ceiling increase to a continuing resolution is not an unusual 190 00:10:22,640 --> 00:10:25,640 Speaker 1: approach for the majority party to take. The point is 191 00:10:25,679 --> 00:10:28,920 Speaker 1: that I think Americans don't want to see uh, this 192 00:10:29,000 --> 00:10:32,760 Speaker 1: big march towards socialism, bigger government. Government is a higher 193 00:10:32,760 --> 00:10:36,480 Speaker 1: percentage of g d P burgnering our families with trillions 194 00:10:36,480 --> 00:10:39,360 Speaker 1: of dollars of additional debt. And I think that's the 195 00:10:39,400 --> 00:10:42,440 Speaker 1: debate you'll see vigorously carried on this fall. If you 196 00:10:42,440 --> 00:10:46,000 Speaker 1: want to stop higher spending, higher taxes. Congressman French Hill 197 00:10:46,640 --> 00:10:48,880 Speaker 1: as as a member of the minority party. Were you 198 00:10:48,960 --> 00:10:52,839 Speaker 1: referring to a legislative solution or or or or chance 199 00:10:52,880 --> 00:10:54,720 Speaker 1: to affect this or do you mean just using the 200 00:10:54,720 --> 00:10:58,880 Speaker 1: bully pulpit having conversations like this one. Well, we have 201 00:10:58,920 --> 00:11:01,200 Speaker 1: to use the bully pulpit when you're in the minority party. 202 00:11:01,200 --> 00:11:04,520 Speaker 1: But we're also putting concrete proposals on the table to 203 00:11:04,640 --> 00:11:07,840 Speaker 1: change the policy as proposed by Bernie Sanders. We're debating 204 00:11:07,920 --> 00:11:10,800 Speaker 1: right now for seven hours plus today in the House 205 00:11:10,800 --> 00:11:14,959 Speaker 1: Financial Services Committee Vaccine Waters proposal to spend three and 206 00:11:15,000 --> 00:11:19,679 Speaker 1: twenty billion new dollars on public housing and the related projects. 207 00:11:19,760 --> 00:11:22,760 Speaker 1: We're making amendments. We're losing them because the Democrats are 208 00:11:22,800 --> 00:11:26,400 Speaker 1: voting with the chairman, but we're making amendments to shape 209 00:11:26,400 --> 00:11:30,000 Speaker 1: that target it, make it more reform, reformed the programs, 210 00:11:30,080 --> 00:11:32,920 Speaker 1: and carrying out our debate. And that's what we'll continue 211 00:11:32,920 --> 00:11:36,120 Speaker 1: to do on tax policy, regulatory policy, and the spending. 212 00:11:36,480 --> 00:11:39,000 Speaker 1: And staying engaged on the committee level, though, is the 213 00:11:39,040 --> 00:11:42,480 Speaker 1: point that's the focus of Republicans right now. It is 214 00:11:42,520 --> 00:11:46,160 Speaker 1: critically so. Look, Nancy Pelosi's bringing the Bernie Sanders three 215 00:11:46,160 --> 00:11:49,160 Speaker 1: point five trillion to the House to mark up as 216 00:11:49,200 --> 00:11:53,080 Speaker 1: a reconciliation measure, and those debates are being had in 217 00:11:53,160 --> 00:11:56,200 Speaker 1: every one of our standard committees of the House. Today's 218 00:11:56,240 --> 00:11:59,760 Speaker 1: Financial Services the Allison reported on the work in the 219 00:11:59,800 --> 00:12:02,960 Speaker 1: House Ways and Means Committee, and Republicans are carrying that 220 00:12:03,040 --> 00:12:05,719 Speaker 1: debate for common sense policies that we think will take 221 00:12:05,760 --> 00:12:08,559 Speaker 1: the government and the country in a better direction. Good 222 00:12:08,600 --> 00:12:11,800 Speaker 1: to speak with you, Congressman french Hill, Republican from Arkansas, 223 00:12:12,280 --> 00:12:14,600 Speaker 1: member of the House Financial Services Committee, with us on 224 00:12:14,600 --> 00:12:18,920 Speaker 1: Bloomberg Sound On, you're listening to Bloomberg. You sound on 225 00:12:19,360 --> 00:12:25,680 Speaker 1: with Joe Matthew on Bloomberg Radio. Well, what about Joe Manchin? 226 00:12:26,720 --> 00:12:29,040 Speaker 1: That's what I was asked all morning on Bloomberg TV 227 00:12:29,200 --> 00:12:33,000 Speaker 1: and radio as the Senator from West Virginia drives the 228 00:12:33,080 --> 00:12:37,000 Speaker 1: conversation for a second consecutive Monday, it's at least that 229 00:12:37,080 --> 00:12:40,480 Speaker 1: man He after making rounds on Sunday Morning TV, where 230 00:12:40,520 --> 00:12:44,880 Speaker 1: he reiterated his feelings about reconciliation and the price tag 231 00:12:45,559 --> 00:12:48,160 Speaker 1: your Senator mansion on CNN State of the Union talking 232 00:12:48,160 --> 00:12:52,400 Speaker 1: with Dana Bash, the leader Tuck Schumer says he's moving 233 00:12:52,480 --> 00:12:55,040 Speaker 1: quote full speed ahead with this package. Will you have 234 00:12:55,120 --> 00:12:57,200 Speaker 1: your vote? And that's fine. He can't. He will not 235 00:12:57,240 --> 00:12:59,440 Speaker 1: have my vote on three point five, and Chuck knows that. 236 00:12:59,600 --> 00:13:02,520 Speaker 1: And we've talked about this um. We've already put out 237 00:13:02,559 --> 00:13:05,120 Speaker 1: five point four trillion, and we've tried to help Americans 238 00:13:05,120 --> 00:13:06,840 Speaker 1: and every way we possibly can. And a lot of 239 00:13:06,840 --> 00:13:09,079 Speaker 1: the help that we put out there is still there, 240 00:13:09,080 --> 00:13:12,760 Speaker 1: and it's going to run clear until next year. What's 241 00:13:12,800 --> 00:13:15,080 Speaker 1: the urgency? What's the urgency that we have? It's not 242 00:13:15,160 --> 00:13:17,280 Speaker 1: the same urgency we have with the American Rescue Plan. 243 00:13:18,760 --> 00:13:21,200 Speaker 1: Imagine is getting all the print, but he's actually not alone. 244 00:13:21,360 --> 00:13:24,600 Speaker 1: The Senator Mark Warner threatened just last night to vote 245 00:13:24,640 --> 00:13:27,040 Speaker 1: no if there wasn't more money for affordable housing. So 246 00:13:27,800 --> 00:13:30,199 Speaker 1: this could all still change a lot, and probably will, 247 00:13:30,240 --> 00:13:32,000 Speaker 1: and we talk about it with the Sound on Panel 248 00:13:32,000 --> 00:13:36,640 Speaker 1: now Bloomberg Politics contributors Genie Chanzano and Rick Davis. Genie, 249 00:13:36,679 --> 00:13:39,160 Speaker 1: is Nancy Pelosi plant some sort of three dimensional chess 250 00:13:39,200 --> 00:13:41,199 Speaker 1: here that ends with this bill passing the House? That 251 00:13:42,160 --> 00:13:46,160 Speaker 1: also makes Senate Democrats happy? I think she's trying. She 252 00:13:46,280 --> 00:13:49,320 Speaker 1: is in an unenviable position. And you know, it was 253 00:13:49,360 --> 00:13:52,760 Speaker 1: the weekend once again of Joe Manson versus Bernie Sanders 254 00:13:52,760 --> 00:13:55,440 Speaker 1: on all the talk shows and um, you know, the 255 00:13:55,480 --> 00:13:59,040 Speaker 1: division lines are very clear. We heard from the progressive 256 00:13:59,040 --> 00:14:01,760 Speaker 1: wing that they are not willing to play ball. It's 257 00:14:01,760 --> 00:14:03,839 Speaker 1: going to be both of these or none of them, 258 00:14:04,240 --> 00:14:06,360 Speaker 1: you know, if you believe what they're saying. And as 259 00:14:06,400 --> 00:14:08,560 Speaker 1: you just said, Mansion has said absolutely not to a 260 00:14:08,600 --> 00:14:11,920 Speaker 1: three point five trillion, So I do think she has 261 00:14:12,040 --> 00:14:15,000 Speaker 1: Nancy Plosi has always some tricks up her sleeves. But 262 00:14:15,080 --> 00:14:17,600 Speaker 1: I do think that that Democrats have to listen carefully 263 00:14:17,679 --> 00:14:22,440 Speaker 1: to the concerns that he's expressing inflation, debt, the timing here, 264 00:14:22,560 --> 00:14:24,600 Speaker 1: and he talks about do we really need to do 265 00:14:24,640 --> 00:14:27,040 Speaker 1: this in a week and then we already put out 266 00:14:27,120 --> 00:14:30,160 Speaker 1: five point four trillion, So those are big concerns. He 267 00:14:30,280 --> 00:14:32,600 Speaker 1: is not alone in that, And I do think they 268 00:14:32,600 --> 00:14:34,920 Speaker 1: are listening because what the House Ways and Means Committee 269 00:14:35,000 --> 00:14:39,080 Speaker 1: is talking about today is not nearly as expansive and robust, 270 00:14:39,120 --> 00:14:42,200 Speaker 1: if you will, as the you know, originally Democrats wanted. 271 00:14:42,320 --> 00:14:45,200 Speaker 1: So they are listening. We are seriously in a midterm 272 00:14:45,240 --> 00:14:47,720 Speaker 1: election year. They must and Joe Mansion is going to 273 00:14:47,840 --> 00:14:49,760 Speaker 1: keep their feet to the fire on this. Well, Rick 274 00:14:49,840 --> 00:14:52,240 Speaker 1: if if Richard Neil, the chair of the Ways of 275 00:14:52,280 --> 00:14:55,680 Speaker 1: Means Committee, says, you know, Congressman Rick Davis, I've got 276 00:14:55,720 --> 00:14:59,000 Speaker 1: the tax increases here, pays for the whole thing three 277 00:14:59,080 --> 00:15:01,560 Speaker 1: and a half trillion, be at a little dynamic scoring. 278 00:15:02,000 --> 00:15:05,520 Speaker 1: But what's the problem. And if it's not deficit spending, well, 279 00:15:05,520 --> 00:15:09,280 Speaker 1: I think that what they're trying to figure out is, um, 280 00:15:09,320 --> 00:15:11,720 Speaker 1: how are they going to raise all this that this 281 00:15:11,880 --> 00:15:14,480 Speaker 1: revenue that is going to be acceptable to the Senate. 282 00:15:14,480 --> 00:15:16,600 Speaker 1: As you were just talking with Jennie, I mean, the 283 00:15:17,040 --> 00:15:19,600 Speaker 1: Senate is going to look at this and with a 284 00:15:19,720 --> 00:15:22,440 Speaker 1: very clear set of eyes. And there's a really highly 285 00:15:22,480 --> 00:15:25,200 Speaker 1: technical term that they use when you're dealing with the 286 00:15:25,240 --> 00:15:28,640 Speaker 1: House and Senate. Tax writers d o a dead on 287 00:15:28,920 --> 00:15:32,800 Speaker 1: arrival and so they can see, Yeah, they can say 288 00:15:32,800 --> 00:15:35,400 Speaker 1: anything they want to say. But if Mansion and the 289 00:15:35,440 --> 00:15:37,880 Speaker 1: other Senators hold their line and say we're not going 290 00:15:37,920 --> 00:15:40,640 Speaker 1: to agree to a three point five trillion dollar budget 291 00:15:41,480 --> 00:15:44,960 Speaker 1: reconciliation bill, then it doesn't matter what the House uh 292 00:15:45,200 --> 00:15:48,040 Speaker 1: ways and means tax writers are going to do. Uh So, 293 00:15:48,040 --> 00:15:50,440 Speaker 1: so what they're doing is what Nancy Pelosi wants them 294 00:15:50,480 --> 00:15:53,120 Speaker 1: to do. Build the bill, right, said, I want to 295 00:15:53,120 --> 00:15:54,640 Speaker 1: be able to stand in the well of the House 296 00:15:54,680 --> 00:15:58,520 Speaker 1: and say it's paid for. Go ahead, Senate, Uh, do 297 00:15:58,600 --> 00:16:01,040 Speaker 1: your will, but know that I've done my job and 298 00:16:01,080 --> 00:16:04,800 Speaker 1: I've delivered to you what the President United States and 299 00:16:04,880 --> 00:16:08,880 Speaker 1: our party says we want. And and from that point on, frankly, 300 00:16:08,960 --> 00:16:11,880 Speaker 1: the whole thing kind of goes into toilet and um 301 00:16:11,920 --> 00:16:14,320 Speaker 1: and the Democrats do whatever they want to do with it. 302 00:16:14,360 --> 00:16:16,680 Speaker 1: And it sounds to me like it's going to be 303 00:16:16,720 --> 00:16:19,800 Speaker 1: a decidedly different bill. It goes to the toilet, says 304 00:16:19,920 --> 00:16:23,000 Speaker 1: Rick Davis. I will take the congressmen had off for now. 305 00:16:23,040 --> 00:16:25,240 Speaker 1: But so this is d o A in your in 306 00:16:25,320 --> 00:16:27,120 Speaker 1: your view, Rick, And if that's the case, you get 307 00:16:27,120 --> 00:16:29,720 Speaker 1: no bipart as an infrastructure either. Yeah, you're gonna look 308 00:16:29,720 --> 00:16:32,280 Speaker 1: at this and say, okay, now, what's what what are 309 00:16:32,320 --> 00:16:33,840 Speaker 1: we gonna do to try and get a bill. Now, 310 00:16:33,880 --> 00:16:36,280 Speaker 1: it doesn't mean there's no bill. You might get a 311 00:16:36,440 --> 00:16:39,760 Speaker 1: one point five trillion dollar reconciliation bill, and a lot 312 00:16:39,760 --> 00:16:41,880 Speaker 1: of Democrats in the House, if they want to have that, 313 00:16:41,920 --> 00:16:44,040 Speaker 1: are going to have to eat crow and say, Okay, 314 00:16:44,080 --> 00:16:46,520 Speaker 1: all these charges we were gonna make about like we 315 00:16:46,520 --> 00:16:50,680 Speaker 1: weren't going to accept a diminished bill, um, are gonna 316 00:16:50,800 --> 00:16:53,680 Speaker 1: be very embarrassing to the Democrats. And what's really key 317 00:16:53,760 --> 00:16:56,800 Speaker 1: here is this is sort of Democrat on Democrat crime. 318 00:16:56,920 --> 00:17:00,400 Speaker 1: I mean, like they're doing it to themselves. Uh again, 319 00:17:00,400 --> 00:17:02,360 Speaker 1: we've talked about this in the past. I mean there 320 00:17:02,400 --> 00:17:06,119 Speaker 1: should have been a deal cooked in private where the 321 00:17:06,200 --> 00:17:09,720 Speaker 1: leadership could actually deliver on something, whether it was three 322 00:17:09,760 --> 00:17:12,199 Speaker 1: point five trilling or one point five trilling or whatever. 323 00:17:13,320 --> 00:17:17,120 Speaker 1: And you're right, just does put into danger a perfectly 324 00:17:17,160 --> 00:17:20,680 Speaker 1: good bipartisan infrastructure built that the country needs and can afford. 325 00:17:21,280 --> 00:17:24,840 Speaker 1: And so this could turn out to be positive for 326 00:17:24,880 --> 00:17:27,200 Speaker 1: the Democrats if they can find a number that they 327 00:17:27,200 --> 00:17:29,320 Speaker 1: can agree on in a policy to fit into it 328 00:17:29,840 --> 00:17:32,840 Speaker 1: and then pass both the reconciliation and attacks in the 329 00:17:33,119 --> 00:17:36,240 Speaker 1: infrastructure buill. But right now it's looking bad. Well, they're 330 00:17:36,320 --> 00:17:38,760 Speaker 1: dugging on both ends of of the party here, Jennie, 331 00:17:38,840 --> 00:17:42,200 Speaker 1: because obviously Bernie Sanders is he's all, he's all done, 332 00:17:42,200 --> 00:17:43,960 Speaker 1: He's walking out if it's not three and a half 333 00:17:43,960 --> 00:17:46,480 Speaker 1: trillion dollars. But even in the House, you've got you've 334 00:17:46,480 --> 00:17:49,280 Speaker 1: got AOC and and other progressives who are saying the 335 00:17:49,320 --> 00:17:52,159 Speaker 1: same thing, is it possible to crank this down to 336 00:17:52,320 --> 00:17:55,119 Speaker 1: a Joe Mansion level? Still get the progressive Democrats to 337 00:17:55,200 --> 00:17:57,040 Speaker 1: vote on it or is Rick right this whole thing 338 00:17:57,119 --> 00:18:00,399 Speaker 1: is the o it. I think it is still sabol 339 00:18:00,560 --> 00:18:03,680 Speaker 1: but I have been skeptical all along. Even if they 340 00:18:03,720 --> 00:18:07,120 Speaker 1: do tamp it down and Nancy Pelosi is able to lose, 341 00:18:07,160 --> 00:18:09,879 Speaker 1: you know, just three of these progressives and keep everyone 342 00:18:09,920 --> 00:18:12,200 Speaker 1: else on board, and we get, you know, a one 343 00:18:12,240 --> 00:18:15,880 Speaker 1: point five trillion dollar reconciliation and the bipartisan goes forward. 344 00:18:16,240 --> 00:18:19,280 Speaker 1: Imagine what this says to those progressives, for instance, who 345 00:18:19,359 --> 00:18:24,119 Speaker 1: voted for Democrats with the understanding that this human infrastructure 346 00:18:24,160 --> 00:18:26,560 Speaker 1: at a at A six trillion was going to get past, 347 00:18:26,880 --> 00:18:29,520 Speaker 1: and now they're looking at one point five trillion. You know, 348 00:18:29,640 --> 00:18:32,480 Speaker 1: this is always the story, is that you elect people 349 00:18:32,520 --> 00:18:35,760 Speaker 1: in our country to do something, they get to Congress 350 00:18:35,800 --> 00:18:38,000 Speaker 1: and what comes out of the sausage making is not 351 00:18:38,119 --> 00:18:40,880 Speaker 1: nearly what you expected, and then we wonder why people 352 00:18:40,920 --> 00:18:43,960 Speaker 1: are so enchanted disenchanted with government. He's the highest ranking 353 00:18:43,960 --> 00:18:47,160 Speaker 1: official from the Biden administration to testify on the withdrawal 354 00:18:47,200 --> 00:18:50,439 Speaker 1: from Afghanistan. Secretary of State Anthony B. Lincoln in a 355 00:18:50,480 --> 00:18:53,920 Speaker 1: long day here of grilling before the House Foreign Affairs Committee. 356 00:18:53,920 --> 00:18:57,760 Speaker 1: It's not over yet. Far from fifty lawmakers. I believe 357 00:18:58,080 --> 00:18:59,879 Speaker 1: I'll get a question. He said he would stay for 358 00:19:00,160 --> 00:19:02,320 Speaker 1: everyone to get a question, and they are still going 359 00:19:02,760 --> 00:19:06,440 Speaker 1: as we speak. Here's a taste. There's no evidence that's 360 00:19:06,440 --> 00:19:09,760 Speaker 1: staying longer would have made the Afghan security forces or 361 00:19:09,800 --> 00:19:13,520 Speaker 1: the Afghan government any more resilient or self sustaining. If 362 00:19:13,520 --> 00:19:16,879 Speaker 1: twenty years and hundreds of billions of dollars in support, 363 00:19:16,920 --> 00:19:20,040 Speaker 1: equipment and training did not suffice, why would another year, 364 00:19:20,560 --> 00:19:26,399 Speaker 1: another five, another ten? Speaking virtually, it is a hybrid hearing, 365 00:19:26,440 --> 00:19:28,159 Speaker 1: we should note and joining us to get into this. 366 00:19:28,720 --> 00:19:30,119 Speaker 1: A little bit more are a lot more in this 367 00:19:30,200 --> 00:19:32,639 Speaker 1: case is less months than a foreign policy expert served 368 00:19:32,640 --> 00:19:35,080 Speaker 1: at U. S. A. I. D. Is a veteran of 369 00:19:35,200 --> 00:19:39,080 Speaker 1: multiple Congressional committees, including most recently staff director of the 370 00:19:39,119 --> 00:19:42,520 Speaker 1: Senate Foreign Relations Committees, now principal at b g R Group, 371 00:19:42,680 --> 00:19:46,119 Speaker 1: where he consults with foreign governments and from time to 372 00:19:46,200 --> 00:19:50,000 Speaker 1: time programs like this one. Lester, welcome, how's the Secretary 373 00:19:50,160 --> 00:19:51,960 Speaker 1: been doing today? I think I saw a few campaign 374 00:19:51,960 --> 00:19:57,040 Speaker 1: commercials being filmed earlier in this hearing. Yeah, there's it's 375 00:19:57,080 --> 00:20:00,560 Speaker 1: quite a platform for for all these boy is. I 376 00:20:00,600 --> 00:20:06,640 Speaker 1: think the Secretary is he's manning up here. He's showing up, 377 00:20:06,800 --> 00:20:10,800 Speaker 1: he's answering all the questions. That's good. Uh, some of 378 00:20:10,840 --> 00:20:14,080 Speaker 1: his answers I don't think are really acceptable. I don't 379 00:20:14,160 --> 00:20:17,040 Speaker 1: like the notion that there were no alternatives. I don't 380 00:20:17,040 --> 00:20:20,000 Speaker 1: think that's a good line for him to be promoting. 381 00:20:20,800 --> 00:20:23,960 Speaker 1: I don't like the way that he and other folks 382 00:20:24,000 --> 00:20:28,680 Speaker 1: in the administration have blamed their predecessors or the Afghans 383 00:20:28,680 --> 00:20:32,080 Speaker 1: for the situation we're in. But to stay positive about 384 00:20:32,080 --> 00:20:35,159 Speaker 1: the secretary, I think he's, as you pointed out, the 385 00:20:35,200 --> 00:20:38,240 Speaker 1: first one to show up in public and answer tough questions. 386 00:20:38,800 --> 00:20:43,200 Speaker 1: He deserves some kudos for that. We inherited a deadline, 387 00:20:43,280 --> 00:20:47,040 Speaker 1: not a plan. One of the headlines from his opening 388 00:20:47,119 --> 00:20:53,160 Speaker 1: remarks his testimony clearly a well rehearsed bit of language. Here, 389 00:20:54,000 --> 00:20:56,960 Speaker 1: how important is it for this administration to remind people 390 00:20:57,119 --> 00:21:02,240 Speaker 1: that this began, well, the winddown began in the last administration. 391 00:21:02,359 --> 00:21:05,199 Speaker 1: Or was it time to stop talking about that? No, 392 00:21:05,320 --> 00:21:07,240 Speaker 1: I think it's fair to bring I mean, the Trump 393 00:21:07,280 --> 00:21:12,920 Speaker 1: administration made some bad decisions about Afghanistan. Uh. Their timetable, 394 00:21:13,000 --> 00:21:16,600 Speaker 1: in fact, was worse than the Biden timetable. The Trump 395 00:21:16,600 --> 00:21:20,000 Speaker 1: timetable would have had us out in May Uh. Notably, 396 00:21:20,119 --> 00:21:23,040 Speaker 1: the Biden administration changed that timetable. So they say they 397 00:21:23,040 --> 00:21:26,560 Speaker 1: inherited the timetable, they changed it. I don't believe. Yeah, 398 00:21:26,600 --> 00:21:28,720 Speaker 1: I don't believe that they didn't inherit a plan. I 399 00:21:28,760 --> 00:21:33,240 Speaker 1: think that's just nonsense. In fact, there are very credible 400 00:21:33,240 --> 00:21:36,640 Speaker 1: members of Congress, including Democrats, who offered their own, very 401 00:21:36,680 --> 00:21:40,480 Speaker 1: good plans for a smart way to leave Afghanistan. These 402 00:21:40,480 --> 00:21:42,840 Speaker 1: are These include allies of the administration who are very 403 00:21:42,880 --> 00:21:45,720 Speaker 1: upset with them. I'll leave it at that, but I think, 404 00:21:46,160 --> 00:21:48,960 Speaker 1: um uh, there's no question there's a little bit of 405 00:21:48,960 --> 00:21:52,560 Speaker 1: blame that goes to both administrations, but really this was 406 00:21:52,640 --> 00:21:56,080 Speaker 1: executed by the Biden administration. At the end of the day, 407 00:21:56,400 --> 00:21:58,879 Speaker 1: the story that has written about the withdraw from Afghanistan 408 00:21:58,960 --> 00:22:02,920 Speaker 1: will be a Joe Biden's story. A thousand people evacuated. 409 00:22:02,960 --> 00:22:06,600 Speaker 1: The administration has been actively reminding people of how successful 410 00:22:06,600 --> 00:22:09,639 Speaker 1: the airlift was, even though it was, of course, also 411 00:22:09,800 --> 00:22:13,200 Speaker 1: marred by a horrible and tragic terror attack that claimed 412 00:22:13,240 --> 00:22:18,000 Speaker 1: many lives. Uh. These evacuations are still ongoing. Lester, You've 413 00:22:18,040 --> 00:22:21,680 Speaker 1: got the Secretary of State testifying about a US withdrawal 414 00:22:22,400 --> 00:22:26,720 Speaker 1: before Congress while also discussing are at least financial efforts 415 00:22:26,760 --> 00:22:28,800 Speaker 1: to try to get more people out. How long can 416 00:22:28,800 --> 00:22:32,040 Speaker 1: this go on for? Well, I think it's going to 417 00:22:32,119 --> 00:22:34,720 Speaker 1: go on as long as there are Americans and American 418 00:22:34,760 --> 00:22:38,080 Speaker 1: allies left in Afghanistan that we would like to get out, 419 00:22:38,160 --> 00:22:40,639 Speaker 1: and there are a lot of them. Uh. The issue 420 00:22:40,680 --> 00:22:45,040 Speaker 1: here is not the courage and the bravery and the 421 00:22:45,080 --> 00:22:47,720 Speaker 1: incredible work done by the Americans on the ground who 422 00:22:47,720 --> 00:22:50,480 Speaker 1: were working the evacuation, though, kudos to all of them, 423 00:22:50,680 --> 00:22:59,560 Speaker 1: great job under the most difficult circumstances, clearly very dangerous, UH. Situation. 424 00:23:00,040 --> 00:23:04,520 Speaker 1: Americans should be proud of their fellow countrymen who were 425 00:23:04,560 --> 00:23:07,080 Speaker 1: there and working on this. The question was about the 426 00:23:07,160 --> 00:23:12,160 Speaker 1: timing about leaving, pulling out our military assets before all 427 00:23:12,240 --> 00:23:15,560 Speaker 1: Americans had been evacuated and before all of our Afghan 428 00:23:15,600 --> 00:23:18,359 Speaker 1: allies had been evacuated. Yes, we brought a lot of 429 00:23:18,359 --> 00:23:21,879 Speaker 1: people out. There are still hundreds or possibly thousands of 430 00:23:21,920 --> 00:23:24,160 Speaker 1: the people we want out, of course, still in Afghanistan. 431 00:23:24,480 --> 00:23:28,919 Speaker 1: They are potentially hostages for the Taliban or al Qaeda, 432 00:23:29,080 --> 00:23:32,120 Speaker 1: or the Islamic State or worse. Is not at all 433 00:23:32,160 --> 00:23:35,560 Speaker 1: the good situation. No one planned, no one, no one 434 00:23:36,040 --> 00:23:39,240 Speaker 1: could have made a plan that resulted in what we're 435 00:23:39,240 --> 00:23:41,080 Speaker 1: seeing today. It is it is a it is a 436 00:23:41,160 --> 00:23:45,119 Speaker 1: very bad situation laster months and we just celebrated a 437 00:23:45,160 --> 00:23:48,160 Speaker 1: tough anniversary over the weekend, and Saturday was a sad 438 00:23:48,280 --> 00:23:51,000 Speaker 1: day for a lot of people here in Washington and 439 00:23:51,000 --> 00:23:53,199 Speaker 1: New York and Pennsylvania and just all over the country. 440 00:23:53,240 --> 00:23:55,679 Speaker 1: People watching the images, listening to the names read so 441 00:23:55,720 --> 00:24:00,360 Speaker 1: many and so many awful memories came back. How much 442 00:24:00,400 --> 00:24:03,399 Speaker 1: was that a motivation for not just this president who 443 00:24:03,440 --> 00:24:05,720 Speaker 1: wrapped things up at the end of August, but also 444 00:24:06,880 --> 00:24:10,639 Speaker 1: then Donald Trump, President Trump in in scheduling the withdrawal, 445 00:24:11,000 --> 00:24:16,520 Speaker 1: so it did not coincide with that anniversary. Well, I think, 446 00:24:16,880 --> 00:24:21,160 Speaker 1: um was that a motivation? I hope it. I hope 447 00:24:21,160 --> 00:24:25,320 Speaker 1: it was not. I think the Biden administration's decision initially 448 00:24:25,440 --> 00:24:28,320 Speaker 1: to have the withdrawal the deadline beast September eleventh was 449 00:24:28,400 --> 00:24:32,720 Speaker 1: with a huge mistake. Uh. They changed it subsequently to 450 00:24:32,840 --> 00:24:36,240 Speaker 1: an earlier date, which was also a mistake. We shouldn't 451 00:24:36,280 --> 00:24:40,080 Speaker 1: We should have had a conditions based timetable for withdrawal. 452 00:24:40,400 --> 00:24:42,320 Speaker 1: Should not have withdrawn until all of our folks have 453 00:24:42,400 --> 00:24:46,320 Speaker 1: gotten out. Yes September eleven was an emotional time time 454 00:24:46,320 --> 00:24:48,640 Speaker 1: of sentences. It was also a time of great inspiration 455 00:24:49,240 --> 00:24:54,800 Speaker 1: for Americans. We saw particularly the passengers on flight ninety 456 00:24:54,880 --> 00:24:57,840 Speaker 1: three who took direct action against terrorists in the face 457 00:24:57,880 --> 00:25:01,679 Speaker 1: of impossible odds and saved probably hundreds of thousands of 458 00:25:01,720 --> 00:25:04,080 Speaker 1: lives of the U. S. Capital or the White House 459 00:25:04,160 --> 00:25:09,000 Speaker 1: or elsewhere. Um So you take from the nine eleven 460 00:25:09,680 --> 00:25:11,520 Speaker 1: what you what you put into it. Yes, it's a 461 00:25:11,560 --> 00:25:13,840 Speaker 1: time for sadness, it's also a time for great inspiration. 462 00:25:14,040 --> 00:25:17,960 Speaker 1: And the for me, it's that the spirit of Americans 463 00:25:18,040 --> 00:25:22,600 Speaker 1: is unbound and we will will take on impossible tasks. 464 00:25:23,040 --> 00:25:25,000 Speaker 1: I think to see it as a negative or to 465 00:25:25,040 --> 00:25:27,000 Speaker 1: see it as a deadline to pull out of Afghanistan 466 00:25:27,119 --> 00:25:29,680 Speaker 1: is just a huge mistake by this administration, and if 467 00:25:29,680 --> 00:25:32,680 Speaker 1: that was what the previous administration was doing, also, shame 468 00:25:32,760 --> 00:25:35,240 Speaker 1: on them. Well, I appreciate your words on that. Lester 469 00:25:35,359 --> 00:25:37,800 Speaker 1: Months in a principle at government relations firm b g 470 00:25:38,080 --> 00:25:41,880 Speaker 1: R Group, former staff director for the Senate Foreign Relations Committee. 471 00:25:41,880 --> 00:25:44,119 Speaker 1: Many thanks for the insights today. I do wonder what 472 00:25:44,119 --> 00:25:46,240 Speaker 1: we're going to be thinking about this though in weeks 473 00:25:46,960 --> 00:25:50,720 Speaker 1: and months from now, will it even be top of mind? 474 00:25:52,000 --> 00:25:55,840 Speaker 1: You're listening to Bloomberg You sound on with Joe Matthew 475 00:25:56,200 --> 00:26:02,320 Speaker 1: on Bloomberg Radio. Interesting talking with Lester months in there 476 00:26:02,320 --> 00:26:07,320 Speaker 1: about Afghanistan, Lincoln's testimony today and how our attention was 477 00:26:07,400 --> 00:26:11,320 Speaker 1: turned back to the tragic situation there as the daily 478 00:26:11,359 --> 00:26:14,560 Speaker 1: deluge of news, you know, pulls our focus to something 479 00:26:14,560 --> 00:26:18,280 Speaker 1: different every day. You start thinking now about where this 480 00:26:18,320 --> 00:26:21,080 Speaker 1: story will be and where the nation's focus will be 481 00:26:21,720 --> 00:26:24,760 Speaker 1: weeks and months from now. And we reassemble the panel 482 00:26:25,200 --> 00:26:29,159 Speaker 1: with Bloomberg Politics contributors Jeanie Schanzano and Rick Davis with 483 00:26:29,320 --> 00:26:31,280 Speaker 1: us for the rest of the hour. Jennie, We've said 484 00:26:31,280 --> 00:26:34,000 Speaker 1: more than once people have short memories, and with time, 485 00:26:34,800 --> 00:26:37,680 Speaker 1: you wonder how the Biden administration could be viewed differently 486 00:26:37,680 --> 00:26:41,439 Speaker 1: when it comes to this decision to withdraw That's right, 487 00:26:41,720 --> 00:26:44,200 Speaker 1: you know, I do think it's going to stay very 488 00:26:44,320 --> 00:26:47,000 Speaker 1: much in the news, not only because of the anniversary 489 00:26:47,040 --> 00:26:50,440 Speaker 1: we just celebrated, but also because you've got Democratic led 490 00:26:50,480 --> 00:26:55,680 Speaker 1: congressional committees committed to investigating the withdrawal. Should Republicans take 491 00:26:55,760 --> 00:26:59,520 Speaker 1: over ways down the road that will certainly continue and 492 00:26:59,680 --> 00:27:03,159 Speaker 1: right they should investigate what happened. And you know, I 493 00:27:03,200 --> 00:27:06,560 Speaker 1: think I was struck today, in particular by the juxtaposition 494 00:27:06,680 --> 00:27:09,320 Speaker 1: of this investigation as we're seeing it unfold in the 495 00:27:09,320 --> 00:27:13,040 Speaker 1: early stages versus January six. With January six, you have 496 00:27:13,080 --> 00:27:16,280 Speaker 1: Democrats wanting to focus narrowly on that day and Republicans 497 00:27:16,320 --> 00:27:19,960 Speaker 1: wanted to expand out to other protests. You look at Afghanistan, 498 00:27:20,280 --> 00:27:23,960 Speaker 1: Democrats want to expand two decades. What did all the 499 00:27:24,000 --> 00:27:27,240 Speaker 1: presidents do that contributed to this who's at fault more 500 00:27:27,320 --> 00:27:31,119 Speaker 1: broadly versus Republicans wanting to focus narrowly on the withdrawal. 501 00:27:31,400 --> 00:27:34,720 Speaker 1: It's an interesting juxtaposition, and as Gregory Meek said, you 502 00:27:34,760 --> 00:27:38,760 Speaker 1: see a lot of domestic politics injected into foreign policy here. Yeah, 503 00:27:38,840 --> 00:27:41,520 Speaker 1: it's a great point, Jeannie Rick. Is it republicans job 504 00:27:41,560 --> 00:27:44,480 Speaker 1: then to keep the hearings rolling as long as they 505 00:27:44,480 --> 00:27:46,640 Speaker 1: can to the mid terms, to keep this front of mine? 506 00:27:46,720 --> 00:27:48,640 Speaker 1: Or is it possible people wake up a year from 507 00:27:48,640 --> 00:27:51,600 Speaker 1: now and say, thank God, we're out Joe Biden. You know, 508 00:27:51,640 --> 00:27:53,440 Speaker 1: I think they'll be a split in that. I mean, 509 00:27:53,600 --> 00:27:56,960 Speaker 1: the longer we go from the problems associated with the withdrawal, 510 00:27:57,440 --> 00:28:00,119 Speaker 1: they're on the top of everybody's mind, especially around an 511 00:28:00,200 --> 00:28:04,080 Speaker 1: eleven uh in the anniversary will fade over time. But 512 00:28:04,160 --> 00:28:07,040 Speaker 1: look at the impact it's had already on Joe Biden's ballot. 513 00:28:07,080 --> 00:28:10,360 Speaker 1: I mean, I hate talking about polling at this early stage, 514 00:28:10,920 --> 00:28:14,280 Speaker 1: but when you look at uh a drop of almost 515 00:28:14,320 --> 00:28:19,280 Speaker 1: ten percent of his job approval in over two weeks, 516 00:28:19,320 --> 00:28:22,480 Speaker 1: that's pretty fast. And so I think the Biden folks 517 00:28:22,520 --> 00:28:24,080 Speaker 1: have to look at this and say, hey, we've got 518 00:28:24,160 --> 00:28:26,520 Speaker 1: a clar way out of this. We're not in a 519 00:28:26,600 --> 00:28:28,680 Speaker 1: good position to enter a mid term if we want 520 00:28:28,680 --> 00:28:31,679 Speaker 1: to try and create a historical change and try to 521 00:28:31,720 --> 00:28:34,160 Speaker 1: hold the House of Representatives, which is the only way 522 00:28:34,160 --> 00:28:36,919 Speaker 1: they can get his agenda implemented. Well, I know it 523 00:28:37,000 --> 00:28:40,280 Speaker 1: was previously scheduled here, Jennie, But if you're Gavin Newsom, 524 00:28:40,320 --> 00:28:42,280 Speaker 1: you could use a little Joe Biden. He's out there 525 00:28:42,400 --> 00:28:45,600 Speaker 1: today in California helping the stump for the governor who 526 00:28:45,640 --> 00:28:48,480 Speaker 1: faces a recall election tomorrow. Based on the polls, it 527 00:28:48,520 --> 00:28:51,600 Speaker 1: doesn't look like Gavin Newsom necessarily needs the bump. Does 528 00:28:51,640 --> 00:28:54,720 Speaker 1: Does Joe Briden bring some credibility to the West Coast here? 529 00:28:55,400 --> 00:28:58,240 Speaker 1: You know, Gavin Newsom seems to be if, and again 530 00:28:58,240 --> 00:29:00,000 Speaker 1: it's a big if at this point if you believe 531 00:29:00,080 --> 00:29:02,840 Speaker 1: the polls. He seems to be ahead. Of course, California 532 00:29:02,920 --> 00:29:07,760 Speaker 1: Democrats have tremendous numericle uh you know, they are tremendously 533 00:29:07,880 --> 00:29:10,400 Speaker 1: you know, more empowered out there than Republicans, so they 534 00:29:10,400 --> 00:29:12,880 Speaker 1: have the numbers on their side, um, you know. But 535 00:29:12,960 --> 00:29:15,680 Speaker 1: I do think it is important for the President to 536 00:29:15,720 --> 00:29:18,920 Speaker 1: go out there because Gavin Newsom's polls have gone up 537 00:29:18,920 --> 00:29:21,719 Speaker 1: as he has nationalized this out of California to the 538 00:29:21,760 --> 00:29:25,400 Speaker 1: broader you know country, and of course, if a Republican 539 00:29:25,440 --> 00:29:28,320 Speaker 1: like Elder anybody else was to knock him off, the 540 00:29:28,360 --> 00:29:32,520 Speaker 1: implications nationally would be tremendous. I think Newsom hold down 541 00:29:32,520 --> 00:29:34,720 Speaker 1: out there, but I think it's going to be critical 542 00:29:34,720 --> 00:29:36,840 Speaker 1: to look at how much he wins by, what the 543 00:29:36,880 --> 00:29:39,640 Speaker 1: turnout is, and of course, if it is a low 544 00:29:39,720 --> 00:29:42,640 Speaker 1: turnout or if he just narrowly sweaks by, this is 545 00:29:42,680 --> 00:29:44,880 Speaker 1: a bad sign for the Democrats. And that's why I 546 00:29:44,920 --> 00:29:47,600 Speaker 1: think you see Biden out there today, Harris out there, 547 00:29:47,640 --> 00:29:51,160 Speaker 1: Obama talking about this race. They know this is critically 548 00:29:51,200 --> 00:29:54,440 Speaker 1: important to the Democrats as they go forward. So where 549 00:29:54,440 --> 00:29:56,680 Speaker 1: are you on this one, Rick Davis? Does he need 550 00:29:56,760 --> 00:29:59,880 Speaker 1: Joe Biden out there or does this actually potentially make 551 00:30:00,000 --> 00:30:01,880 Speaker 1: o Biden looked good. He kind of takes the West 552 00:30:01,880 --> 00:30:03,760 Speaker 1: Coast swing. He's of course out there for a number 553 00:30:03,800 --> 00:30:06,320 Speaker 1: of reasons, by the way, including uh, dealing with the 554 00:30:06,360 --> 00:30:09,680 Speaker 1: wildfires through Idaho and and he's going to Colorado on 555 00:30:09,720 --> 00:30:12,800 Speaker 1: the one and also this trip to California. Can he 556 00:30:12,840 --> 00:30:14,600 Speaker 1: then say, hey, you know what, I helped close the 557 00:30:14,640 --> 00:30:16,680 Speaker 1: deal for Gavin Newsom. I went out there and see 558 00:30:16,800 --> 00:30:19,479 Speaker 1: the day. The wildfires have been going on for a 559 00:30:19,480 --> 00:30:22,840 Speaker 1: long time. So I think this is really scheduled around 560 00:30:22,840 --> 00:30:26,280 Speaker 1: being in California to help Gavin Newsom and and try 561 00:30:26,320 --> 00:30:30,560 Speaker 1: to avoid a recall. Uh. Look, I mean Republicans and 562 00:30:30,600 --> 00:30:34,720 Speaker 1: Democrats have twice as many Democrats as Republicans in California. Uh, 563 00:30:34,760 --> 00:30:39,240 Speaker 1: it always looks closer than it's really gonna be. That said, um, 564 00:30:39,280 --> 00:30:41,880 Speaker 1: A Republicans vote on election day. They're not big on 565 00:30:42,520 --> 00:30:45,440 Speaker 1: early ballots right now. The early ballots that have come 566 00:30:45,480 --> 00:30:48,800 Speaker 1: in have the Democrats at about fifty percent Republicans at 567 00:30:48,840 --> 00:30:52,040 Speaker 1: twenty three. So if you're Gavin Newsom, you know you 568 00:30:51,800 --> 00:30:54,320 Speaker 1: you you want to push into election day because you 569 00:30:54,440 --> 00:30:56,560 Speaker 1: know that that they're going to be a big turnout 570 00:30:56,560 --> 00:30:59,280 Speaker 1: of Republicans. Those numbers are going to tighten up on 571 00:30:59,360 --> 00:31:02,440 Speaker 1: election day. But um, you know, it's also a good 572 00:31:02,440 --> 00:31:05,320 Speaker 1: way to sort of get Biden talking about something other 573 00:31:05,360 --> 00:31:09,080 Speaker 1: than Afghanistan, which is what's occupied all of Washington today. 574 00:31:09,400 --> 00:31:12,080 Speaker 1: So it kind of helps everybody. It sounds like, Ricky, 575 00:31:12,240 --> 00:31:15,080 Speaker 1: you've you've studied and been involved in in some pretty 576 00:31:15,120 --> 00:31:18,120 Speaker 1: interesting races here. If this were not Larry Elder and 577 00:31:18,200 --> 00:31:21,800 Speaker 1: Jennie mentioned Elder, this is a conservative radio talk show host. 578 00:31:22,240 --> 00:31:24,400 Speaker 1: If it had been someone else, could this be a 579 00:31:24,480 --> 00:31:28,040 Speaker 1: very different race? Uh, you know, it's it's this is 580 00:31:28,080 --> 00:31:30,880 Speaker 1: the funny thing about a binary race like this. First, 581 00:31:30,920 --> 00:31:32,920 Speaker 1: you have one question you've got to answer, which is 582 00:31:33,080 --> 00:31:35,200 Speaker 1: do you want to have a recall? That's really the 583 00:31:35,280 --> 00:31:38,680 Speaker 1: key question. Then who benefits from that is a group 584 00:31:38,760 --> 00:31:42,880 Speaker 1: of you know, uh, ten people, any one of whom 585 00:31:42,880 --> 00:31:45,040 Speaker 1: could have emerged. It just turns out in this case, 586 00:31:45,200 --> 00:31:48,440 Speaker 1: Larry Elder emerged. Uh. But you've got to remember, the 587 00:31:48,800 --> 00:31:53,680 Speaker 1: vast majority of the people who are voting against or 588 00:31:53,760 --> 00:31:56,920 Speaker 1: voting for the recall, I mean voting against the recall 589 00:31:57,080 --> 00:31:59,720 Speaker 1: arts aren't sitting on Larry Elder, right, They're gonna go 590 00:31:59,800 --> 00:32:03,920 Speaker 1: find somewhere else to go, and that would consist really 591 00:32:03,960 --> 00:32:07,760 Speaker 1: significantly change the second question, if you get to the 592 00:32:07,800 --> 00:32:10,800 Speaker 1: point where those people actually cast a ballot for the 593 00:32:10,840 --> 00:32:13,880 Speaker 1: second choice, would this be a different conversation, Genie if 594 00:32:13,920 --> 00:32:18,920 Speaker 1: Republicans had a less controversial will say candidate. I don't 595 00:32:18,920 --> 00:32:22,440 Speaker 1: know actually in this particular year, but I do think 596 00:32:22,480 --> 00:32:26,239 Speaker 1: whatever happens here, particularly if the Republicans lose big, we're 597 00:32:26,240 --> 00:32:29,680 Speaker 1: gonna hear the election was stolen. But I also think 598 00:32:29,840 --> 00:32:31,800 Speaker 1: this shows a sign that there is some life in 599 00:32:31,800 --> 00:32:34,560 Speaker 1: the Republican Party in California. We don't talk about it 600 00:32:34,600 --> 00:32:37,360 Speaker 1: a lot. Democrats have to take it very, very seriously. 601 00:32:37,600 --> 00:32:41,040 Speaker 1: The homeless situation out there is tremendous, The economic struggle 602 00:32:41,040 --> 00:32:44,000 Speaker 1: out there is tremendous, and Democrats are getting the blame 603 00:32:44,080 --> 00:32:46,560 Speaker 1: for that. Republicans they don't have the numbers yet, but 604 00:32:46,640 --> 00:32:48,640 Speaker 1: there is life in that Republican Party out there, and 605 00:32:48,680 --> 00:32:53,760 Speaker 1: Democrats have to be very cognizant of that factchg uh, 606 00:32:53,920 --> 00:32:56,240 Speaker 1: there's another big race. You know, this is the fastest 607 00:32:56,240 --> 00:32:58,200 Speaker 1: hour in politics, and so we have to just slide 608 00:32:58,200 --> 00:33:01,200 Speaker 1: in what's happening in Boston. And by the way, you'll 609 00:33:01,200 --> 00:33:03,160 Speaker 1: be able to hear a lot of coverage on both 610 00:33:03,240 --> 00:33:07,000 Speaker 1: races and special coverage of the Boston mayoral preliminary on 611 00:33:07,040 --> 00:33:10,560 Speaker 1: our Boston station tomorrow night, one oh six one. Uh, 612 00:33:11,280 --> 00:33:13,040 Speaker 1: this is an interesting one. We're going to have a 613 00:33:13,040 --> 00:33:15,440 Speaker 1: major change in an old city and it's one that 614 00:33:15,480 --> 00:33:17,080 Speaker 1: I know pretty well and I know you do too, 615 00:33:17,160 --> 00:33:21,120 Speaker 1: Jeanie uh with with a candidate of color, no matter 616 00:33:21,160 --> 00:33:25,480 Speaker 1: who wins, taking the corner office in the city of Boston, 617 00:33:26,000 --> 00:33:27,640 Speaker 1: it looks like a one too. Again, this is a 618 00:33:27,640 --> 00:33:31,200 Speaker 1: preliminary and uh in Michelle Woo has been a darling 619 00:33:31,240 --> 00:33:34,600 Speaker 1: of young progressives in Boston, appears on track to to 620 00:33:34,680 --> 00:33:37,680 Speaker 1: take the first spot. It's a big question about will 621 00:33:37,720 --> 00:33:40,960 Speaker 1: take number two? Now, that's right, and and what a 622 00:33:41,120 --> 00:33:44,200 Speaker 1: historic change. Regardless of what happens, it's going to be 623 00:33:44,240 --> 00:33:47,240 Speaker 1: a historic night and a historic election. I don't think 624 00:33:47,240 --> 00:33:50,040 Speaker 1: people outside of Boston may quite realize that it is 625 00:33:50,080 --> 00:33:53,120 Speaker 1: so far only elected white men as mayors. And this 626 00:33:53,280 --> 00:33:55,800 Speaker 1: is going to be a change. Regardless of if Wu 627 00:33:56,240 --> 00:33:58,160 Speaker 1: carries the night tonight, which it looks like ship me, 628 00:33:58,280 --> 00:34:00,840 Speaker 1: there's gonna be two top holders. But if she comes 629 00:34:00,840 --> 00:34:06,000 Speaker 1: out at number one tomorrow night, by the way, I'm 630 00:34:06,000 --> 00:34:08,759 Speaker 1: getting excited about it. I'm sorry it's tomorrow night. How 631 00:34:08,719 --> 00:34:11,439 Speaker 1: about this race? Rick Boston is a very different place 632 00:34:11,440 --> 00:34:13,920 Speaker 1: than he used to be. Yeah, I mean, you think 633 00:34:13,920 --> 00:34:16,640 Speaker 1: about it. I mean the the incumbent, Marty Walsh, I 634 00:34:16,640 --> 00:34:19,440 Speaker 1: mean labor secretary, he's you know, he's right out of 635 00:34:19,440 --> 00:34:22,680 Speaker 1: old school Boston and uh uh and and you're you're 636 00:34:22,760 --> 00:34:25,400 Speaker 1: right to point out this is a seismic shift in 637 00:34:25,520 --> 00:34:28,840 Speaker 1: city politics. And so I think it's it's it's going 638 00:34:28,880 --> 00:34:31,960 Speaker 1: to be a fascinating night and I think that, uh, 639 00:34:32,000 --> 00:34:34,640 Speaker 1: it'll be interesting to see sort of who comes into it, 640 00:34:34,719 --> 00:34:38,440 Speaker 1: because again it's got a run off in November, so uh, 641 00:34:38,480 --> 00:34:41,719 Speaker 1: two candidates will emerge from tomorrow night, and uh we 642 00:34:41,800 --> 00:34:44,360 Speaker 1: all expect Michelle were to be one of those. And 643 00:34:44,360 --> 00:34:46,120 Speaker 1: then the question is out of the rest of the field, 644 00:34:46,120 --> 00:34:48,719 Speaker 1: who who emerges and they're all pretty much tied. So 645 00:34:48,760 --> 00:34:51,000 Speaker 1: it'll be a fun one to watch. And uh, I 646 00:34:51,040 --> 00:34:54,480 Speaker 1: think great implications for the city of Boston in the future, 647 00:34:54,760 --> 00:34:58,359 Speaker 1: but also could influence how the state votes. Uh, this 648 00:34:58,440 --> 00:35:01,320 Speaker 1: is a big change, and those sings in Boston usually 649 00:35:01,320 --> 00:35:05,160 Speaker 1: reverberates statewide. Well we're talking statewide. Then, do you guys 650 00:35:05,160 --> 00:35:09,560 Speaker 1: expect Charlie Baker to continue and run again as governor 651 00:35:09,560 --> 00:35:13,760 Speaker 1: of Massachusetts? Genie, you know I would expect that to happen, 652 00:35:13,960 --> 00:35:16,600 Speaker 1: but of course he may have other designs. But I 653 00:35:16,640 --> 00:35:19,239 Speaker 1: do think that we may see this as Rick was 654 00:35:19,320 --> 00:35:21,960 Speaker 1: just talking about bubble up, and so we may be 655 00:35:22,120 --> 00:35:24,719 Speaker 1: looking at broader ships. We've already seen ships at the 656 00:35:24,760 --> 00:35:28,320 Speaker 1: congressional level in Massachusetts, and so this is a state 657 00:35:28,440 --> 00:35:31,719 Speaker 1: that is prepared to move into the you know, into 658 00:35:31,760 --> 00:35:34,799 Speaker 1: a new generation here with a lot of exciting young progressives. 659 00:35:34,800 --> 00:35:37,799 Speaker 1: In particular, one of them is Ianna Pressley, of course, 660 00:35:37,800 --> 00:35:41,440 Speaker 1: a member of the squad Rick and Massachusetts has suddenly 661 00:35:41,480 --> 00:35:45,160 Speaker 1: become instead of kind of a rubber stamp for for 662 00:35:45,320 --> 00:35:48,360 Speaker 1: liberal politics, has become a bit of an agitator on 663 00:35:48,400 --> 00:35:51,000 Speaker 1: the progressive side. You've got others like Jake Aukin class, 664 00:35:51,080 --> 00:35:54,120 Speaker 1: but Ianna Pressley specifically has really changed the tone and 665 00:35:54,200 --> 00:35:58,680 Speaker 1: tenor Joe Biden uh is often not seeing eye to 666 00:35:58,719 --> 00:36:02,520 Speaker 1: eye with her. Oh Kennedy lost in his effort to 667 00:36:02,600 --> 00:36:06,760 Speaker 1: beat Ed Markey for Senate. Is Massachusetts going further left 668 00:36:07,360 --> 00:36:09,479 Speaker 1: or is it? Is it still kind of a mixed 669 00:36:09,520 --> 00:36:11,799 Speaker 1: state when it comes to policy. This this is what 670 00:36:11,840 --> 00:36:14,840 Speaker 1: you gotta love about Massachusetts, right state with that elects 671 00:36:14,880 --> 00:36:19,839 Speaker 1: Republican governors consistently Romney right with a red stripe right 672 00:36:19,840 --> 00:36:22,759 Speaker 1: down in the middle, if not circling it. And uh, 673 00:36:22,800 --> 00:36:26,200 Speaker 1: and so I think these are great questions because like obviously, 674 00:36:26,280 --> 00:36:30,080 Speaker 1: everyone's always looking at big movers, and in Massachusetts has 675 00:36:30,080 --> 00:36:33,080 Speaker 1: always been a big mover nationally. Um, you know, they've 676 00:36:33,120 --> 00:36:35,960 Speaker 1: they've had lots of presidential candidates. And and I think 677 00:36:36,040 --> 00:36:38,839 Speaker 1: we'd have to consider Charlie Baker, a guy who if 678 00:36:38,840 --> 00:36:41,279 Speaker 1: he's if he makes a decision not to run for 679 00:36:41,360 --> 00:36:45,720 Speaker 1: re election, he has the potential to becoming a presidential candidate. 680 00:36:45,800 --> 00:36:49,759 Speaker 1: In Wow, listen to you. Donald Trump is not going 681 00:36:49,800 --> 00:36:53,799 Speaker 1: to be endorsing that campaign, Rick don Trump not like this, 682 00:36:53,880 --> 00:36:57,439 Speaker 1: but uh, he's called all of the Republicans of Rhino 683 00:36:57,520 --> 00:37:01,800 Speaker 1: at some point, Rick Davis, Genie Chanzano. Just a taste 684 00:37:01,800 --> 00:37:04,680 Speaker 1: of what's to come tomorrow. From Boston to California. We've 685 00:37:04,719 --> 00:37:07,400 Speaker 1: got a lot of politics to cover. It's not always 686 00:37:07,480 --> 00:37:09,359 Speaker 1: just here in the bubble in Washington. But that's where 687 00:37:09,400 --> 00:37:11,239 Speaker 1: you'll find me back here at this time tomorrow. And 688 00:37:11,239 --> 00:37:13,560 Speaker 1: I hope I see you too. On the fastest hour 689 00:37:13,600 --> 00:37:17,840 Speaker 1: in politics, Sound of traffic and weather ahead as always 690 00:37:17,880 --> 00:37:21,680 Speaker 1: here on Bloomberg Radio. I'm Joe Matthew, this is Bloomberg,