1 00:00:01,480 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg Sound on 2 00:00:07,520 --> 00:00:10,240 Speaker 1: Democracy is at stake, and we have to have alliances 3 00:00:10,320 --> 00:00:13,680 Speaker 1: of people that strongly disagree on everything, but that fact 4 00:00:13,760 --> 00:00:15,960 Speaker 1: conflation is not going to be a problem. Placion will 5 00:00:16,000 --> 00:00:21,000 Speaker 1: moderate Bloomberg Sound on politics, policy and perspective from DC's 6 00:00:21,079 --> 00:00:25,119 Speaker 1: top name. It would be insanity if the Democrats don't 7 00:00:25,120 --> 00:00:28,120 Speaker 1: do something on build back better. Pennsylvania, one of the 8 00:00:28,160 --> 00:00:31,400 Speaker 1: closest states in the election, will be critical for deciding 9 00:00:31,440 --> 00:00:36,640 Speaker 1: which party controls the Senate. After Bloomberg Sound On with 10 00:00:36,760 --> 00:00:41,920 Speaker 1: Joe Matthew on Bloomberg Radio, FA's of the Chin Strap, 11 00:00:42,159 --> 00:00:45,880 Speaker 1: it's another double lead day. As the Fed chair sits 12 00:00:45,880 --> 00:00:50,479 Speaker 1: for his reconfirmation hearing here in Washington, the President leaves 13 00:00:50,560 --> 00:00:52,880 Speaker 1: the bubble hits the road to sell a voting rights 14 00:00:52,960 --> 00:00:56,320 Speaker 1: reform bill that has no clear path in Congress. All 15 00:00:56,400 --> 00:01:01,200 Speaker 1: this as COVID cases and hospitalizations rise to new records. 16 00:01:01,280 --> 00:01:03,720 Speaker 1: What a time we are living in. As we will 17 00:01:03,760 --> 00:01:07,840 Speaker 1: dig into j. Powells Senate testimony ahead with Congressman french Hill, 18 00:01:07,880 --> 00:01:11,440 Speaker 1: Republican from Arkansas, member of the House Financial Services Committee, 19 00:01:11,440 --> 00:01:13,920 Speaker 1: close FED watcher will also ask him about the latest 20 00:01:13,959 --> 00:01:17,240 Speaker 1: move to band stock trading in Congress. Later, as the 21 00:01:17,240 --> 00:01:20,680 Speaker 1: President travels to Georgia to promote this voting rights legislation, 22 00:01:21,080 --> 00:01:24,920 Speaker 1: we'll talk about it with Georgia's Secretary of State rad Rafinsburger, 23 00:01:24,959 --> 00:01:27,399 Speaker 1: who sees things differently as you might imagine, and will 24 00:01:27,440 --> 00:01:30,520 Speaker 1: dig into all of it with our panel. Bloomberg Politics 25 00:01:30,520 --> 00:01:33,480 Speaker 1: contributors Jeanie Schanzano and Rick Davis with us for the hour. 26 00:01:34,040 --> 00:01:36,640 Speaker 1: J Powell, of course, looming large on Wall Street today. 27 00:01:36,680 --> 00:01:41,679 Speaker 1: Everybody listening to the testimony here on Bloomberg very deliberate 28 00:01:41,760 --> 00:01:45,080 Speaker 1: when he talked about fighting inflation during his reconfirmation hearing. 29 00:01:45,120 --> 00:01:47,680 Speaker 1: Today here is the FED chair before the Senate Banking Committee. 30 00:01:48,080 --> 00:01:49,840 Speaker 1: We do think we'll get over the course of this 31 00:01:49,960 --> 00:01:53,320 Speaker 1: year return to normal supply conditions, and that's going to 32 00:01:53,400 --> 00:01:56,720 Speaker 1: affect our policy. I will say, though, if you know, if, 33 00:01:56,800 --> 00:02:03,000 Speaker 1: if if we see inflation persisting at high levels longer 34 00:02:03,040 --> 00:02:06,280 Speaker 1: than expected, then then we will, you know, then we'll 35 00:02:06,320 --> 00:02:08,440 Speaker 1: if we have to raise interest rates more over time, 36 00:02:08,520 --> 00:02:12,480 Speaker 1: we will. Because you need him standing on that wall. 37 00:02:14,000 --> 00:02:15,920 Speaker 1: Palell's day on the Hill actually went pretty well, no 38 00:02:16,080 --> 00:02:20,400 Speaker 1: big fireworks, confrontations other than the usual. I'm actually starting 39 00:02:20,400 --> 00:02:23,040 Speaker 1: to think that he may even get a warm feeling 40 00:02:23,120 --> 00:02:26,800 Speaker 1: inside when he gets a little pushed back from Elizabeth Warren. 41 00:02:27,480 --> 00:02:30,840 Speaker 1: It's like, oh, it's easy. Know we're home again. And 42 00:02:30,880 --> 00:02:33,320 Speaker 1: as we've told you, Pale's testimony today will be followed 43 00:02:33,320 --> 00:02:36,679 Speaker 1: by Lal Brainers on Thursday. That conversation could be a 44 00:02:36,720 --> 00:02:39,400 Speaker 1: little bit different. So let's get into all this with 45 00:02:39,400 --> 00:02:42,880 Speaker 1: Congressman French Hill, Republican from Arkansas, member of the House 46 00:02:42,880 --> 00:02:46,919 Speaker 1: Financial Services Committee, back with us on sound on. Welcome back, Congressman. 47 00:02:46,919 --> 00:02:48,440 Speaker 1: It's great to have you with us, Happy New Year. 48 00:02:48,480 --> 00:02:50,040 Speaker 1: If I can still say that, do you do you 49 00:02:50,080 --> 00:02:55,080 Speaker 1: see an easy reconfirmation for Chair Powell, Joe, It's great 50 00:02:55,120 --> 00:02:57,240 Speaker 1: to be with you. Happy New Year. I say it 51 00:02:57,360 --> 00:03:00,519 Speaker 1: right through the month of January. Okay, so we're back 52 00:03:00,520 --> 00:03:04,880 Speaker 1: to thank you very much. I see j Pale's confirmation 53 00:03:05,200 --> 00:03:10,960 Speaker 1: process is very straightforward. I believe Chairman Palace earned denomination 54 00:03:11,200 --> 00:03:17,600 Speaker 1: and his approval by the Senate. What do you make 55 00:03:17,639 --> 00:03:22,480 Speaker 1: of his if I can say evolving feelings about inflation, 56 00:03:22,520 --> 00:03:25,399 Speaker 1: he's moving with the data, as we always hear from 57 00:03:25,520 --> 00:03:28,240 Speaker 1: Chair Powell. Do you feel he has a grasp of 58 00:03:28,320 --> 00:03:33,919 Speaker 1: this and has the tools to fight it. Well? Thank 59 00:03:34,000 --> 00:03:40,040 Speaker 1: Chaire Powell, when reconfirmed, owns this inflacement inflation issue. You know, 60 00:03:40,120 --> 00:03:43,520 Speaker 1: I've argued for well over a year now, before the 61 00:03:43,560 --> 00:03:47,280 Speaker 1: American Rescue Plan came to the Congress last February March, 62 00:03:48,320 --> 00:03:52,800 Speaker 1: that we were expanding monetary policy too rapidly, too and 63 00:03:52,880 --> 00:03:57,520 Speaker 1: too much accommodation, and we were pursuing UH fiscal policy 64 00:03:57,560 --> 00:04:00,720 Speaker 1: and too aggressive a matter, even last fall saying we 65 00:04:00,760 --> 00:04:05,000 Speaker 1: should begin pulling back the levers that the FED put 66 00:04:05,040 --> 00:04:08,800 Speaker 1: in place for the pandemic, and that we should not 67 00:04:08,960 --> 00:04:13,520 Speaker 1: be doubling down on federal spending. We're seeing the impact 68 00:04:13,520 --> 00:04:16,000 Speaker 1: of that now, We're seeing it in inflation. And while 69 00:04:16,080 --> 00:04:22,400 Speaker 1: supply constraints have contributed and exacerbated inflationary expectations and realized 70 00:04:22,440 --> 00:04:24,640 Speaker 1: inflation for every one of us at our kitchen table 71 00:04:24,680 --> 00:04:28,360 Speaker 1: and at the grocery store and at the gas bomb, UH, 72 00:04:28,480 --> 00:04:31,400 Speaker 1: this fiscal and monetary stimulus, I think is the principal 73 00:04:31,480 --> 00:04:33,600 Speaker 1: driver and why I've been saying for over a year 74 00:04:33,880 --> 00:04:36,360 Speaker 1: wasn't transitory. So I'm glad to see that he agrees 75 00:04:36,400 --> 00:04:40,000 Speaker 1: transitory should be. We put that word away. He does, 76 00:04:40,120 --> 00:04:42,120 Speaker 1: and he does have the tools to fight this, and 77 00:04:42,160 --> 00:04:44,680 Speaker 1: I think it's gonna be. I hope it's an easy fight. 78 00:04:44,760 --> 00:04:48,680 Speaker 1: Like he suggests that inflation could peak sometime this year. 79 00:04:49,080 --> 00:04:52,960 Speaker 1: Well as we consider the forces behind this inflation. A 80 00:04:53,000 --> 00:04:56,680 Speaker 1: moment in today's hearing UH revealing in which Chair Powell 81 00:04:56,760 --> 00:04:58,479 Speaker 1: was talking with the Chair of the committee, of course, 82 00:04:58,520 --> 00:05:01,800 Speaker 1: Senator Sarah Brown listen to this to agree that higher 83 00:05:01,880 --> 00:05:05,680 Speaker 1: prices are related to the supply and demand imbalances that 84 00:05:05,760 --> 00:05:08,440 Speaker 1: can be traced directly back to the pandemic and the 85 00:05:08,480 --> 00:05:11,919 Speaker 1: reopening of the economy. Yes, yes, I do for the 86 00:05:11,960 --> 00:05:14,840 Speaker 1: most part. Um if you look back and you can 87 00:05:14,880 --> 00:05:19,200 Speaker 1: trace to developments including strong demand and also supply constraints. 88 00:05:19,600 --> 00:05:21,560 Speaker 1: This is what we have been hearing more recently from 89 00:05:21,560 --> 00:05:25,520 Speaker 1: the administration pretty consistently. Congressman that it's a global issue, 90 00:05:25,600 --> 00:05:28,239 Speaker 1: that it's a supply chain issue. As soon as supply 91 00:05:28,320 --> 00:05:31,839 Speaker 1: chain is going to be UH is solved, the inflation 92 00:05:31,880 --> 00:05:35,120 Speaker 1: problem is solved. You see this differently, I do it 93 00:05:35,240 --> 00:05:38,080 Speaker 1: see it differently. I think they are more classic elements 94 00:05:38,320 --> 00:05:43,200 Speaker 1: of inflation getting out of hand. Expectations wise, let me explain. 95 00:05:43,440 --> 00:05:48,000 Speaker 1: Let's just look at energy. We have both supply constraints 96 00:05:48,120 --> 00:05:52,240 Speaker 1: by the Biden administration UH demonizing fossil fuel production. We're 97 00:05:52,279 --> 00:05:55,960 Speaker 1: not going to produce uh the replacement reserves we need 98 00:05:56,040 --> 00:05:59,799 Speaker 1: for the next three decades, taking leasing off the table, 99 00:06:00,000 --> 00:06:03,479 Speaker 1: shooting down the Keystone pipeline as a process. And you 100 00:06:03,560 --> 00:06:08,480 Speaker 1: have demand, uh driving down demand by taxing gas in 101 00:06:08,520 --> 00:06:11,839 Speaker 1: the b b B program and other things that damp 102 00:06:11,880 --> 00:06:14,919 Speaker 1: and demand. So in my view, they've got supply and 103 00:06:15,000 --> 00:06:17,720 Speaker 1: demand issues. But the fundamental when you look at labor, 104 00:06:18,640 --> 00:06:21,320 Speaker 1: you look at labor year over years, say nine over 105 00:06:21,440 --> 00:06:26,160 Speaker 1: nine percent growth in some proxies for that, housing, which 106 00:06:26,240 --> 00:06:29,159 Speaker 1: is a third of cp I, is only in the 107 00:06:29,200 --> 00:06:32,039 Speaker 1: two or three percent range in the data, but in 108 00:06:32,080 --> 00:06:35,440 Speaker 1: the reality of existing home sales and new home sales, 109 00:06:35,680 --> 00:06:39,960 Speaker 1: you're in the teens. So I think actually going into 110 00:06:40,520 --> 00:06:43,880 Speaker 1: core CPI and cp I both have been understated going 111 00:06:43,920 --> 00:06:46,720 Speaker 1: into two and they're both going to accelerate both from 112 00:06:46,839 --> 00:06:52,400 Speaker 1: labor and from housing conditions, even if commodities moderate. We're 113 00:06:52,400 --> 00:06:55,599 Speaker 1: talking with Congressman French Hill on Bloomberg sound on. We 114 00:06:55,720 --> 00:06:58,600 Speaker 1: get the of course inflation data, we get the consumer 115 00:06:58,640 --> 00:07:02,480 Speaker 1: price report tomorrow, Uh, what is that going to mean 116 00:07:02,960 --> 00:07:07,200 Speaker 1: for when Lal Brainers testifies the following day on Thursday? 117 00:07:07,200 --> 00:07:09,600 Speaker 1: Will that make this look mild or, is that going 118 00:07:09,640 --> 00:07:12,720 Speaker 1: to be a similar conversation. I think it'll be a 119 00:07:12,760 --> 00:07:16,120 Speaker 1: similar conversation. But when you look at the ability for 120 00:07:16,200 --> 00:07:18,840 Speaker 1: a president Biden to a point a substantial number of 121 00:07:18,880 --> 00:07:22,520 Speaker 1: governors on the federal reserve system, this issue of getting 122 00:07:22,520 --> 00:07:27,760 Speaker 1: inflation under control UH and taking action from a monetary 123 00:07:27,760 --> 00:07:31,239 Speaker 1: policy is should be the principal issue, not climate change, 124 00:07:31,400 --> 00:07:36,000 Speaker 1: not bank regulatory opinions, but their monetary policy responsibility. So 125 00:07:36,040 --> 00:07:40,120 Speaker 1: I think that will come up with Governor Brainer, anybody 126 00:07:40,120 --> 00:07:41,600 Speaker 1: talking to you about when we're gonna get these other 127 00:07:41,640 --> 00:07:44,040 Speaker 1: picks from the Fed. We've got three open seats, and 128 00:07:44,080 --> 00:07:46,480 Speaker 1: even the White House is telling us that it's soon, 129 00:07:46,640 --> 00:07:51,320 Speaker 1: it's shortly standby for news, but then we get nothing. 130 00:07:51,320 --> 00:07:54,840 Speaker 1: What what's taken so long? Well, well, my instinct from 131 00:07:54,840 --> 00:07:57,640 Speaker 1: a presidential personnel point of view is I don't think 132 00:07:57,640 --> 00:08:01,080 Speaker 1: they want to drop three names. They've got two up 133 00:08:01,080 --> 00:08:05,160 Speaker 1: in the Senate being confirmed. And secondly, they've got a 134 00:08:05,320 --> 00:08:08,800 Speaker 1: really not a great track record with their recent financial 135 00:08:08,840 --> 00:08:13,119 Speaker 1: services appointees with Amarova at the o c C and 136 00:08:13,920 --> 00:08:16,720 Speaker 1: the name they submitted at the extent back and others. 137 00:08:16,760 --> 00:08:19,080 Speaker 1: So the thing is the names of their mean Sarah 138 00:08:19,160 --> 00:08:22,120 Speaker 1: Bloom Raskin. These are people of FED experience. They've got 139 00:08:22,160 --> 00:08:25,320 Speaker 1: experienced many cases with the Treasury. I don't know, do 140 00:08:25,320 --> 00:08:27,800 Speaker 1: you do you think that the whispers you're hearing lead 141 00:08:27,840 --> 00:08:34,880 Speaker 1: to confirmations. Well, let's see what names they actually send up. Ms. 142 00:08:35,000 --> 00:08:39,720 Speaker 1: Raskin is of significant experience at the FED and the Treasury. 143 00:08:39,760 --> 00:08:41,560 Speaker 1: But let's see what names they send up, and let's 144 00:08:41,559 --> 00:08:44,520 Speaker 1: see what they say. Their priorities are is serving as 145 00:08:44,559 --> 00:08:47,080 Speaker 1: governors in Center Reserves. Congressman, I want to ask you 146 00:08:47,080 --> 00:08:50,120 Speaker 1: about this headline today about your leader in the House, 147 00:08:50,200 --> 00:08:53,120 Speaker 1: Kevin McCarthy, who says he will put forth legislation to 148 00:08:53,200 --> 00:08:57,160 Speaker 1: prohibit members of Congress from trading individual securities. We've done 149 00:08:57,160 --> 00:09:01,640 Speaker 1: a number of broadcasts about the st Trading Act. How 150 00:09:01,800 --> 00:09:05,679 Speaker 1: few uh disclosures are being made? And I wonder if 151 00:09:05,679 --> 00:09:08,800 Speaker 1: you think it's time to close the deal on this. 152 00:09:08,920 --> 00:09:16,199 Speaker 1: Should should members of Congress be allowed to own individual securities? Well? Uh, 153 00:09:16,320 --> 00:09:20,200 Speaker 1: I haven't seen the legislation that Kevin's considering, and I 154 00:09:20,240 --> 00:09:23,160 Speaker 1: haven't even heard him mention it. So I saw that 155 00:09:23,520 --> 00:09:28,600 Speaker 1: come across the today. Yeah, I saw it come through 156 00:09:28,640 --> 00:09:31,439 Speaker 1: the news stories today, the punch ball. So I look 157 00:09:31,480 --> 00:09:33,640 Speaker 1: forward to talking to him about it. In my view, Look, 158 00:09:33,679 --> 00:09:38,240 Speaker 1: we have financial disclosure requirements that we update on an 159 00:09:38,280 --> 00:09:41,440 Speaker 1: annual basis for all the members of our families, and 160 00:09:41,520 --> 00:09:45,319 Speaker 1: we report our stock trades in our stock positions every 161 00:09:45,360 --> 00:09:49,680 Speaker 1: month in accordance with that previous act. So it seems 162 00:09:49,679 --> 00:09:53,400 Speaker 1: to me that that's working. Uh. And I'd have to, 163 00:09:53,800 --> 00:09:56,000 Speaker 1: as I say, take a look at what Kevin's talking 164 00:09:56,000 --> 00:10:01,160 Speaker 1: about and why uh, some additional action is warranted. We 165 00:10:01,600 --> 00:10:03,840 Speaker 1: have less of a problem, if I'm reading you correctly, 166 00:10:03,880 --> 00:10:06,320 Speaker 1: then we'd have less of an issue and spend less 167 00:10:06,320 --> 00:10:11,400 Speaker 1: time talking about uh lawmakers stockholdings. If people just enforced 168 00:10:11,559 --> 00:10:14,160 Speaker 1: the laws already on the books, if people actually did 169 00:10:14,160 --> 00:10:17,400 Speaker 1: their disclosures, we wouldn't have a problem. Yeah, I mean 170 00:10:17,440 --> 00:10:21,480 Speaker 1: we've had members of Congress not disclosed, uh and make 171 00:10:21,520 --> 00:10:26,360 Speaker 1: a mistake in disclosure and then evade disclosure. Well that's 172 00:10:27,160 --> 00:10:29,920 Speaker 1: We've got a good law, We've got a good regulatory process. 173 00:10:30,000 --> 00:10:33,000 Speaker 1: Members just need to comply with it. So that must 174 00:10:33,000 --> 00:10:36,480 Speaker 1: that tells me that the system is actually working. But 175 00:10:36,679 --> 00:10:39,920 Speaker 1: of course I want to hear what Leader McCarthy has 176 00:10:39,960 --> 00:10:42,360 Speaker 1: to say on the top. I guess Senator as Off, 177 00:10:42,760 --> 00:10:45,880 Speaker 1: speaking of Georgia later on. We'll hear what Joe Biden's 178 00:10:45,960 --> 00:10:48,640 Speaker 1: up to there with Senator as Off. He's got his 179 00:10:48,679 --> 00:10:50,800 Speaker 1: own proposal. It's just amazing to me how these bills 180 00:10:50,880 --> 00:10:53,760 Speaker 1: keep coming back around and it doesn't seem to impact 181 00:10:53,880 --> 00:10:58,360 Speaker 1: the enforcement side of things. Uh, Jeff Merkley and AOC 182 00:10:58,600 --> 00:11:01,200 Speaker 1: had had a bill not that long. Go last question 183 00:11:01,200 --> 00:11:04,320 Speaker 1: for you, Congressman Hill. It's the wild card, and I 184 00:11:04,360 --> 00:11:07,079 Speaker 1: have to have this part of the conversation every time 185 00:11:07,080 --> 00:11:11,000 Speaker 1: we discuss inflation and and monetary policy, and that's COVID. 186 00:11:11,360 --> 00:11:12,920 Speaker 1: We only have a minute left. How much of a 187 00:11:12,920 --> 00:11:14,760 Speaker 1: wild card is this going to be for solving the 188 00:11:14,800 --> 00:11:19,240 Speaker 1: inflation problem in the new year. Well, certainly the supply 189 00:11:19,360 --> 00:11:23,680 Speaker 1: chain has been disrupted by massive labor shortages and disruptions, 190 00:11:23,720 --> 00:11:26,640 Speaker 1: and I think that's why I don't support vaccine mandates. 191 00:11:26,720 --> 00:11:30,000 Speaker 1: I think that exacerbates getting people back to work. We 192 00:11:30,040 --> 00:11:31,760 Speaker 1: need to get people back to work. We need to 193 00:11:31,800 --> 00:11:34,960 Speaker 1: recognize that COVID nineteen is something we're gonna have to 194 00:11:35,000 --> 00:11:38,360 Speaker 1: live with. And this O Macron variant, Joe, really is 195 00:11:38,440 --> 00:11:42,920 Speaker 1: more like a seasonal approach where everybody is going to 196 00:11:43,040 --> 00:11:44,920 Speaker 1: have to be impacted by it. So we need to 197 00:11:44,960 --> 00:11:47,240 Speaker 1: be flexible, and we need to recognize that we have 198 00:11:47,280 --> 00:11:49,400 Speaker 1: to live with this going forward. It's not a it's 199 00:11:49,400 --> 00:11:53,400 Speaker 1: not a two week activity. Like Dr Fauci told us 200 00:11:53,440 --> 00:11:57,280 Speaker 1: back in March. Congressman French Hill, Republican from Arkansas, it's 201 00:11:57,280 --> 00:12:01,720 Speaker 1: great to have you back House Financial Services and noted 202 00:12:01,800 --> 00:12:04,560 Speaker 1: FED watcher will assemble the panel next. Rick and Jani 203 00:12:04,600 --> 00:12:10,040 Speaker 1: are on the way. This is Bloomberg. You're listening to Bloomberg. 204 00:12:10,120 --> 00:12:16,000 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. The 205 00:12:16,120 --> 00:12:18,960 Speaker 1: Chair Powell had a moment that may have given a 206 00:12:19,000 --> 00:12:21,800 Speaker 1: few senators a heart palpitation today. I don't know if 207 00:12:21,800 --> 00:12:24,440 Speaker 1: you got through this testimony, but that's why we're here. 208 00:12:25,120 --> 00:12:28,160 Speaker 1: Think of us as the audio cliffs notes, I thought 209 00:12:28,200 --> 00:12:31,000 Speaker 1: we go deeper than that. On the fastest hour in politics. 210 00:12:31,040 --> 00:12:35,080 Speaker 1: It happened during questioning from Senator Mike Creepo from Idaho. 211 00:12:35,320 --> 00:12:38,839 Speaker 1: Chair Powell talking about just how long this whole inflation 212 00:12:39,000 --> 00:12:41,319 Speaker 1: bug might hang around. Listen to what he says about 213 00:12:41,320 --> 00:12:45,080 Speaker 1: the timeline. I think that inflationary pressures do seem to 214 00:12:45,120 --> 00:12:47,640 Speaker 1: be on track to last well into the middle of 215 00:12:47,760 --> 00:12:50,480 Speaker 1: next year. Why if they last longer than that, then 216 00:12:50,679 --> 00:12:53,000 Speaker 1: I'll just say that our policy will continue to adapt 217 00:12:53,000 --> 00:12:56,240 Speaker 1: our our policy has been adapting to this um you 218 00:12:56,280 --> 00:13:00,400 Speaker 1: know for some months. But will if if if inflation 219 00:13:00,440 --> 00:13:03,040 Speaker 1: is gonna last longer than that, would that would potentially 220 00:13:03,080 --> 00:13:07,360 Speaker 1: imply more risk of its persistence and ultimately entrenched and 221 00:13:07,840 --> 00:13:11,240 Speaker 1: next year will respond accordingly. You said next year. You 222 00:13:11,320 --> 00:13:14,160 Speaker 1: just said, well into the middle of next year. Did 223 00:13:14,200 --> 00:13:18,160 Speaker 1: you mean this year or I meant I meant this year? 224 00:13:18,200 --> 00:13:20,160 Speaker 1: You're right, I still think it's two thousand twenty one. 225 00:13:20,360 --> 00:13:23,640 Speaker 1: Sometimes I thought so, but I wanted to be sure. 226 00:13:23,679 --> 00:13:30,160 Speaker 1: What you suck. Couple members of the committee grabbed their arm. Wow, no, 227 00:13:31,080 --> 00:13:33,760 Speaker 1: Chair Powell, No this year. That would have been a headline. 228 00:13:34,240 --> 00:13:37,160 Speaker 1: I actually really thought, I mean, I was taking him 229 00:13:37,200 --> 00:13:40,560 Speaker 1: out his word as I'm hearing this, whoa middle of 230 00:13:40,679 --> 00:13:43,560 Speaker 1: next year they're going to head out to send out 231 00:13:43,600 --> 00:13:45,600 Speaker 1: the hot headlines on the term in Lenny second. Now, 232 00:13:46,920 --> 00:13:50,400 Speaker 1: So we got over that, and as we bring in 233 00:13:50,440 --> 00:13:52,000 Speaker 1: the panel here, we want to talk about the odds 234 00:13:52,000 --> 00:13:54,560 Speaker 1: of confirmation here what we might expect on Thursday as well. 235 00:13:54,760 --> 00:13:58,520 Speaker 1: Rick and Genie with us Bloomberg Politics contributors Genie Schanzano 236 00:13:58,679 --> 00:14:00,920 Speaker 1: and Rick Davis. Is this is it easy? From here 237 00:14:01,000 --> 00:14:04,480 Speaker 1: Jeanie and the the confirmation, and that goes from both 238 00:14:04,480 --> 00:14:08,360 Speaker 1: of them. Cal Today, brain er Thursday. Yeah, yeah, I 239 00:14:08,400 --> 00:14:10,480 Speaker 1: have to say I heard that as well, and as 240 00:14:10,520 --> 00:14:13,880 Speaker 1: somebody who will write one for the next about six months, 241 00:14:13,920 --> 00:14:16,440 Speaker 1: I had a lot of sympathy for you know, yes 242 00:14:16,559 --> 00:14:19,240 Speaker 1: I did. Um. You know, we hear, we hear Shared 243 00:14:19,280 --> 00:14:22,040 Speaker 1: Brown saying he expects him, you know, to get over 244 00:14:22,280 --> 00:14:25,800 Speaker 1: eighty votes in support. So you know, no question there's 245 00:14:25,800 --> 00:14:28,600 Speaker 1: going to be smooth sailing for Jerome Powell. And I 246 00:14:28,640 --> 00:14:33,200 Speaker 1: think today very little fireworks in the confirmation or the 247 00:14:33,360 --> 00:14:35,480 Speaker 1: you know, in the hearing, if you will. So I 248 00:14:35,520 --> 00:14:38,560 Speaker 1: think it's fairly smooth sailing for him. I suspect Thursday 249 00:14:38,560 --> 00:14:41,080 Speaker 1: will be a little bit more animated and energized, if 250 00:14:41,120 --> 00:14:44,160 Speaker 1: only because of the issues at hand. Um, but I 251 00:14:44,200 --> 00:14:45,960 Speaker 1: do think it's smooth sailing. I think one of the 252 00:14:46,000 --> 00:14:48,680 Speaker 1: things that you know is noteworthy is it's not only 253 00:14:48,760 --> 00:14:51,880 Speaker 1: progressives like Elizabeth Warren or a No, it's also some 254 00:14:51,960 --> 00:14:54,960 Speaker 1: Republicans potentially who think he missed the boat on inflation. 255 00:14:55,080 --> 00:14:58,080 Speaker 1: So that's that's something noteworthy. There's sort of you know, 256 00:14:58,160 --> 00:15:01,120 Speaker 1: strange bedfellows in that regard. So did did he Rick 257 00:15:01,200 --> 00:15:03,720 Speaker 1: Davis did. He put all the criticisms to bed today. 258 00:15:03,800 --> 00:15:07,520 Speaker 1: Republicans are happy with the plan going forward. He's he's 259 00:15:07,560 --> 00:15:11,920 Speaker 1: got inflation under control at some point this year. Yeah, 260 00:15:11,960 --> 00:15:14,600 Speaker 1: I mean, that's certainly what they want to hear and 261 00:15:14,800 --> 00:15:16,560 Speaker 1: Um and they want to have confidence that he can 262 00:15:16,600 --> 00:15:19,520 Speaker 1: do it. He certainly seemed to address most of their 263 00:15:19,560 --> 00:15:22,640 Speaker 1: concerns about it and his willingness to adjust the plan 264 00:15:22,720 --> 00:15:26,320 Speaker 1: if if, if inflation is more stubborn than he thinks. 265 00:15:26,520 --> 00:15:28,560 Speaker 1: Uh seemed to keep the opening that there will be 266 00:15:28,600 --> 00:15:32,560 Speaker 1: more to hear on this in future hearings. But just no, 267 00:15:32,720 --> 00:15:35,440 Speaker 1: I mean, there's not a member of that committee, Republican 268 00:15:35,520 --> 00:15:38,040 Speaker 1: or Democrat alike, who isn't going to bear down every 269 00:15:38,040 --> 00:15:39,640 Speaker 1: time they have him in front of the committee on 270 00:15:39,720 --> 00:15:41,920 Speaker 1: exactly how much progress he's making. So this is not 271 00:15:42,000 --> 00:15:45,640 Speaker 1: the last will here on his plans to tackle inflation 272 00:15:46,000 --> 00:15:48,400 Speaker 1: or any of the other issues that that were brought 273 00:15:48,480 --> 00:15:52,480 Speaker 1: up today. We heard exclusively from Shared Brown, the Senator Brown, 274 00:15:52,560 --> 00:15:55,640 Speaker 1: the chair of course of the Banking Committee. Uh spoken 275 00:15:55,840 --> 00:15:59,040 Speaker 1: in the hallway with Bloomberg reporter Daniel Flatley and and 276 00:15:59,080 --> 00:16:01,480 Speaker 1: made it pretty clear that that that he sees this 277 00:16:01,640 --> 00:16:04,520 Speaker 1: as a layup. Listen to Daniel talking with Senator Brown. 278 00:16:04,760 --> 00:16:07,600 Speaker 1: Do you have any senses to weather Hill, it seems 279 00:16:07,640 --> 00:16:10,520 Speaker 1: like he has support to get I don't see more 280 00:16:10,600 --> 00:16:14,920 Speaker 1: than a small, small handful of no votes on that committee, 281 00:16:15,080 --> 00:16:18,440 Speaker 1: and I can't imagine there that many on the floor. 282 00:16:18,520 --> 00:16:25,000 Speaker 1: There were maybe the most Yeah last time when Trump nominee. Okay, 283 00:16:25,120 --> 00:16:27,200 Speaker 1: So I don't think that number changes much. But I 284 00:16:27,200 --> 00:16:28,960 Speaker 1: don't know. I've not done a whip that I have 285 00:16:29,000 --> 00:16:33,040 Speaker 1: a good idea. So maybe fifteen knows. Genie that that 286 00:16:33,160 --> 00:16:35,440 Speaker 1: drives with the math that you heard, is that what 287 00:16:35,520 --> 00:16:37,560 Speaker 1: you expect it will be like the first time around. 288 00:16:38,360 --> 00:16:40,520 Speaker 1: That's what That's what Brown has been saying. That's what 289 00:16:40,680 --> 00:16:43,520 Speaker 1: we're hearing. You know, you know, a handful of Democrats, 290 00:16:43,560 --> 00:16:46,600 Speaker 1: Bernie Sanders, and then a small number of Republicans who 291 00:16:46,600 --> 00:16:48,800 Speaker 1: again seemed to not feel that the FED has been 292 00:16:48,800 --> 00:16:51,600 Speaker 1: on top of the issue of inflation. So you know, 293 00:16:51,640 --> 00:16:54,080 Speaker 1: but he's going to have smooth sailing through this. But 294 00:16:54,320 --> 00:16:56,160 Speaker 1: you know, to Rick's point, I think one of the 295 00:16:56,240 --> 00:16:59,000 Speaker 1: things I did take away from the hearing today is 296 00:16:59,040 --> 00:17:01,480 Speaker 1: that they are going to be obviously every time he 297 00:17:01,560 --> 00:17:04,080 Speaker 1: is in front of them, pushing him on the not 298 00:17:04,200 --> 00:17:06,840 Speaker 1: only inflation, but also this issue of ethics, which was 299 00:17:06,880 --> 00:17:09,960 Speaker 1: brought up several times, the issue of climate change, the 300 00:17:10,040 --> 00:17:12,399 Speaker 1: issue of crypto. So he has a lot on his 301 00:17:12,480 --> 00:17:14,440 Speaker 1: plate that he's going to have to contend with over 302 00:17:14,440 --> 00:17:17,080 Speaker 1: the next four years. Should he be confirmed. Yeah, Pat Toomey, 303 00:17:17,119 --> 00:17:19,960 Speaker 1: the ranking member, came right out with this claratist story, 304 00:17:20,040 --> 00:17:22,399 Speaker 1: the trading scandals that have happened, if we should call 305 00:17:22,440 --> 00:17:26,520 Speaker 1: them scandals in the fed Rick. This this new claratist story. 306 00:17:27,160 --> 00:17:31,960 Speaker 1: Richard Clarata leaving two weeks early because of uh, his 307 00:17:32,440 --> 00:17:35,960 Speaker 1: I guess the changes he made in his disclosure. It 308 00:17:35,960 --> 00:17:37,840 Speaker 1: looks like a very different trade now than it did 309 00:17:38,320 --> 00:17:40,720 Speaker 1: the first time around. Are you surprise Pale didn't hear 310 00:17:40,720 --> 00:17:43,320 Speaker 1: more about that or is that going to be more 311 00:17:43,359 --> 00:17:46,840 Speaker 1: of a conversation uh for layer hearings. You know, I 312 00:17:47,160 --> 00:17:51,159 Speaker 1: think there's two things that drive that. One is um 313 00:17:51,200 --> 00:17:54,560 Speaker 1: It's an evolving issue. So this seems to have more legs. 314 00:17:54,600 --> 00:17:57,240 Speaker 1: With Clarata resigning early, it's going to open up more 315 00:17:57,280 --> 00:18:00,240 Speaker 1: discussion in the future as people learn more about it. 316 00:18:00,240 --> 00:18:02,840 Speaker 1: It's very timely right now, but too, I mean there's 317 00:18:02,880 --> 00:18:06,280 Speaker 1: exposure and the House and Senate with members who have 318 00:18:06,440 --> 00:18:10,680 Speaker 1: trading issues, and so this may fall into that edgy 319 00:18:10,760 --> 00:18:13,080 Speaker 1: category of you know, you don't live in a glass house, 320 00:18:13,240 --> 00:18:16,560 Speaker 1: you know, don't throw rocks, and so, um, my guess 321 00:18:16,600 --> 00:18:19,960 Speaker 1: is it was kind of a quiet issue, uh in 322 00:18:20,080 --> 00:18:23,399 Speaker 1: today's hearing. I doubt it would be anymore so in 323 00:18:23,960 --> 00:18:28,159 Speaker 1: Brainerd's testimony. But I do think with Republicans, the climate 324 00:18:28,160 --> 00:18:30,000 Speaker 1: issue is the one that I think they were most 325 00:18:30,000 --> 00:18:33,080 Speaker 1: concerned about. Rick and Jennie with us on sound On. 326 00:18:33,160 --> 00:18:36,080 Speaker 1: Coming up. The other major news story we're following today, 327 00:18:36,400 --> 00:18:39,479 Speaker 1: and that's the push for voting rights legislation. President Biden 328 00:18:39,520 --> 00:18:42,480 Speaker 1: following up on the Jan six speech today in a 329 00:18:42,600 --> 00:18:45,560 Speaker 1: visit to Atlanta. We'll talk with Georgia's Secretary of State 330 00:18:45,640 --> 00:18:48,760 Speaker 1: about where he sees this debate going. I'm Joe Matthew. 331 00:18:48,840 --> 00:18:53,960 Speaker 1: This is Bloomberg. President Biden has wrapped his speech in 332 00:18:53,960 --> 00:18:57,760 Speaker 1: Atlanta making the case today for voting rights legislation that 333 00:18:57,800 --> 00:19:00,200 Speaker 1: we are told could see a vote next week. He's 334 00:19:00,240 --> 00:19:02,800 Speaker 1: so in Washington at least the vote to to change 335 00:19:02,840 --> 00:19:06,720 Speaker 1: the filibuster in this particular case, something the President supports. 336 00:19:06,760 --> 00:19:08,560 Speaker 1: It is unclear though, if this will ever see the 337 00:19:08,600 --> 00:19:10,640 Speaker 1: light of day, because well, if you listen to this program. 338 00:19:10,720 --> 00:19:13,919 Speaker 1: You know that there are a couple of key Democratic 339 00:19:13,960 --> 00:19:16,960 Speaker 1: Senators Joe Manchin kirston Cinema you may have heard of them, 340 00:19:17,160 --> 00:19:20,679 Speaker 1: who do not support changing the filibuster. And so there 341 00:19:20,720 --> 00:19:24,240 Speaker 1: are questions about whether this is going anywhere. Here's Joe 342 00:19:24,280 --> 00:19:29,399 Speaker 1: Biden last hour in Georgia. Let me be clear, this 343 00:19:29,560 --> 00:19:32,320 Speaker 1: is not about me or Vice President Harris or our party. 344 00:19:32,600 --> 00:19:35,080 Speaker 1: It's about all of us. It's about the people. It's 345 00:19:35,119 --> 00:19:38,720 Speaker 1: about America. Hear me plainly. The battle for the soul 346 00:19:38,800 --> 00:19:42,560 Speaker 1: of America is not over. We must stand strong and 347 00:19:42,680 --> 00:19:45,800 Speaker 1: stand together to make sure January six marks not the 348 00:19:45,960 --> 00:19:50,960 Speaker 1: end of democracy, but the beginning a renaissance of our democracy. 349 00:19:51,480 --> 00:19:53,720 Speaker 1: President making the case for the Bill of Speech. There 350 00:19:54,200 --> 00:19:57,160 Speaker 1: more House College, his trip, including a visit to Ebane's 351 00:19:57,240 --> 00:20:01,080 Speaker 1: or Baptist Church, evoking the leg sees as I read 352 00:20:01,119 --> 00:20:04,080 Speaker 1: on the terminal of civil rights leaders Martin Luther King Jr. 353 00:20:04,080 --> 00:20:09,000 Speaker 1: In John Lewis. But not everybody agrees on this. In fact, 354 00:20:09,080 --> 00:20:11,199 Speaker 1: there is a real divide here, as you know if 355 00:20:11,240 --> 00:20:17,639 Speaker 1: you follow politics between Democrats and Republicans on access and 356 00:20:17,840 --> 00:20:22,520 Speaker 1: on identification. Following everything that went down in the election 357 00:20:22,680 --> 00:20:25,520 Speaker 1: last year, It's an interesting case though. It's one of 358 00:20:25,560 --> 00:20:28,800 Speaker 1: these deals where both sides of the aisle want to 359 00:20:28,840 --> 00:20:33,840 Speaker 1: see changes. They're just coming at it from entirely different directions. 360 00:20:34,800 --> 00:20:39,600 Speaker 1: We're joined now by George's Secretary of State, Brad Raffinsburger, 361 00:20:39,640 --> 00:20:42,320 Speaker 1: who you likely remember from the infamous phone call, is 362 00:20:42,320 --> 00:20:49,480 Speaker 1: with us here on Bloomberg sound on Joe Biden. Wrong, Secretary, Oh, 363 00:20:49,560 --> 00:20:53,480 Speaker 1: absolutely wrong. This is nothing short than a federal elections 364 00:20:53,520 --> 00:20:56,760 Speaker 1: take over. They lost seats in the House of Representatives. 365 00:20:56,760 --> 00:20:59,800 Speaker 1: They have a majority of what six or seven fifty 366 00:21:00,000 --> 00:21:02,800 Speaker 1: said that they have no mandate. But what they want 367 00:21:02,800 --> 00:21:04,800 Speaker 1: to do is have same day registration. They want to 368 00:21:04,840 --> 00:21:07,879 Speaker 1: do away with photo I D. And what you'll end 369 00:21:07,960 --> 00:21:10,800 Speaker 1: up with is people saying who they are just filling 370 00:21:10,800 --> 00:21:12,520 Speaker 1: out a piece of paper and you don't know if 371 00:21:12,520 --> 00:21:14,879 Speaker 1: that really is the person. And then also you can 372 00:21:15,000 --> 00:21:17,240 Speaker 1: end up with non citisenot like you have in New 373 00:21:17,320 --> 00:21:21,480 Speaker 1: York and also San Francisco. I heard today that San Jose, California, 374 00:21:21,560 --> 00:21:25,359 Speaker 1: is looking at it also. And so this bill just 375 00:21:25,520 --> 00:21:28,160 Speaker 1: asn't isn't supported by the majority of the American people. 376 00:21:28,560 --> 00:21:31,240 Speaker 1: If you do polling, what you'll find is that of 377 00:21:31,240 --> 00:21:34,760 Speaker 1: all Americans believe in Photo I D and that it 378 00:21:34,800 --> 00:21:38,600 Speaker 1: crosses both party lines and also any demographic groups. So 379 00:21:38,640 --> 00:21:41,400 Speaker 1: this would overhaul elections in your state, right like the 380 00:21:41,400 --> 00:21:44,520 Speaker 1: the Election Integrity Act of twenty one would be overturned 381 00:21:44,520 --> 00:21:47,840 Speaker 1: by what the President is proposing exactly. And so we 382 00:21:47,880 --> 00:21:50,000 Speaker 1: now have photo I D for all forms of voting. 383 00:21:50,040 --> 00:21:52,159 Speaker 1: We haven for absolutely voting, which I asked for what 384 00:21:52,280 --> 00:21:55,600 Speaker 1: I ran in, got it three years later. But this 385 00:21:55,640 --> 00:21:58,399 Speaker 1: is something they've been using in Minnesota now for eleven years, 386 00:21:58,720 --> 00:22:00,800 Speaker 1: so it's not something that comes from the right. It 387 00:22:00,840 --> 00:22:03,240 Speaker 1: actually started in Minnesota, which is the left dating state. 388 00:22:03,560 --> 00:22:05,520 Speaker 1: Texas is going to use Photo I D also because 389 00:22:05,520 --> 00:22:08,199 Speaker 1: we know it's an objective measure, and so whenever we 390 00:22:08,240 --> 00:22:11,359 Speaker 1: can do that, objectively identified voters. And ninety eight and 391 00:22:11,359 --> 00:22:14,639 Speaker 1: a half percent of all Georgians have a driver's license, 392 00:22:14,640 --> 00:22:17,080 Speaker 1: and that's how we'll identify voters for the sake of 393 00:22:17,119 --> 00:22:20,399 Speaker 1: clarity and for our listeners. Secretary, you are voting running 394 00:22:20,400 --> 00:22:23,280 Speaker 1: for re election now, correct, You've got a primary coming 395 00:22:23,359 --> 00:22:25,360 Speaker 1: up in May. I believe are you fundraising on this 396 00:22:25,400 --> 00:22:28,000 Speaker 1: issue or this is something that you're you're speaking about 397 00:22:28,560 --> 00:22:31,800 Speaker 1: because it's your passion. Well, when I ran back to 398 00:22:32,600 --> 00:22:35,000 Speaker 1: the top of my top three bullet Point Number one 399 00:22:35,080 --> 00:22:37,520 Speaker 1: was making sure only American citizens voted in our election. 400 00:22:38,000 --> 00:22:40,119 Speaker 1: But now what we're seeing is that they're having the 401 00:22:40,280 --> 00:22:44,080 Speaker 1: Democrats are pushing in municipal elections having non citizens vote. 402 00:22:44,680 --> 00:22:46,520 Speaker 1: And so I think this is important that we have 403 00:22:46,560 --> 00:22:48,520 Speaker 1: a constitutional amendment state of Georgia, and I think we 404 00:22:48,600 --> 00:22:52,120 Speaker 1: need a federal constitutional amendment that only American citizens vote 405 00:22:52,119 --> 00:22:55,120 Speaker 1: in our elections, and that is supported by Americans across 406 00:22:55,160 --> 00:22:59,119 Speaker 1: the board of all political stripes. Well, look, people can 407 00:22:59,160 --> 00:23:01,159 Speaker 1: find their own voting and come up with their own ideas. 408 00:23:01,200 --> 00:23:03,280 Speaker 1: I just wonder when it comes to the voter I 409 00:23:03,359 --> 00:23:08,000 Speaker 1: d For instance, you're famous in part for standing by 410 00:23:08,040 --> 00:23:11,439 Speaker 1: the sanctity of George's election. If we didn't have that 411 00:23:11,560 --> 00:23:14,119 Speaker 1: the last time around, when you said there was no fraud, 412 00:23:14,119 --> 00:23:17,000 Speaker 1: why do we need it now. I didn't say there 413 00:23:17,040 --> 00:23:20,480 Speaker 1: was any fraud. What I said is there wasn't sufficient 414 00:23:20,720 --> 00:23:24,040 Speaker 1: enough errors to change the collection results, to change the outcome. 415 00:23:24,119 --> 00:23:27,640 Speaker 1: I understand. But when you have photo ideas for all 416 00:23:27,680 --> 00:23:30,240 Speaker 1: forms of voting, your treat all voters the same. That's 417 00:23:30,240 --> 00:23:33,360 Speaker 1: a good thing. Number Two, it will help shore up 418 00:23:33,600 --> 00:23:36,560 Speaker 1: lack of confidence in the process, so we can actively 419 00:23:36,560 --> 00:23:39,000 Speaker 1: identify the one and like I said, Minnesota has been 420 00:23:39,040 --> 00:23:44,280 Speaker 1: using this for eleven years now. Talk to me about 421 00:23:44,320 --> 00:23:46,600 Speaker 1: giving somebody a bottle of water. I'm I really I 422 00:23:46,600 --> 00:23:48,840 Speaker 1: want to actually, I want to ask you this seriously, Secretary, 423 00:23:48,880 --> 00:23:52,399 Speaker 1: because people get hysterical talking about this. On on both sides. 424 00:23:53,119 --> 00:23:55,399 Speaker 1: The laws that we passed, the Election Integrity Act of 425 00:23:55,440 --> 00:23:57,760 Speaker 1: twenty one would would make it a crime, if I, 426 00:23:57,760 --> 00:24:00,919 Speaker 1: if I understand this correctly, to give someone water or 427 00:24:00,920 --> 00:24:02,920 Speaker 1: food while waiting in line, is that actually true? Is 428 00:24:02,960 --> 00:24:06,119 Speaker 1: that a talking point? It's more or less a talking 429 00:24:06,160 --> 00:24:08,080 Speaker 1: point because it was always in state law, but there 430 00:24:08,119 --> 00:24:10,640 Speaker 1: was some gray area there. What we really had for 431 00:24:11,280 --> 00:24:15,080 Speaker 1: Time Immortal is a one hundred and fifty ft no politicking, 432 00:24:15,160 --> 00:24:17,920 Speaker 1: no electioneering rule, so you could not commit and start 433 00:24:18,000 --> 00:24:21,360 Speaker 1: electioneering within the hundred fifty So what people were doing, 434 00:24:21,440 --> 00:24:24,359 Speaker 1: these activists were coming within there giving people a bottle 435 00:24:24,359 --> 00:24:27,840 Speaker 1: of water with their T shirts and blazon party or 436 00:24:27,880 --> 00:24:30,560 Speaker 1: their or their candidate, and they were trying to do 437 00:24:30,640 --> 00:24:32,720 Speaker 1: some last minute electioneering. What we're saying, if you want 438 00:24:32,720 --> 00:24:34,440 Speaker 1: to give water up to people, go up to the 439 00:24:34,520 --> 00:24:36,840 Speaker 1: one fifty one ft zone and then you can do 440 00:24:36,920 --> 00:24:39,800 Speaker 1: that but don't come in with the one fift That's 441 00:24:39,840 --> 00:24:43,000 Speaker 1: all it did. I only have about a minute, Secretary, 442 00:24:43,040 --> 00:24:44,680 Speaker 1: I wish I had a whole hour with you here. Right. 443 00:24:45,240 --> 00:24:48,640 Speaker 1: President Biden called that bill that now law, the Election 444 00:24:48,760 --> 00:24:52,080 Speaker 1: Integrity Act Jim Crow in the twenty one century. He 445 00:24:52,200 --> 00:24:55,640 Speaker 1: says that that that things like voter I d uh, 446 00:24:55,760 --> 00:25:00,080 Speaker 1: different requirements on absentee or early ballots result in you 447 00:25:00,080 --> 00:25:04,480 Speaker 1: were people voting. Is he wrong? Absolutely, because they've actually 448 00:25:04,800 --> 00:25:08,119 Speaker 1: used this for their last fall elections municipal elections, and 449 00:25:08,200 --> 00:25:11,480 Speaker 1: we had a record turnout pre missile unisipal elections. It 450 00:25:11,600 --> 00:25:14,880 Speaker 1: was up probably nearly double what we normally see, and 451 00:25:14,920 --> 00:25:17,280 Speaker 1: so it has not decreased to turn out at all. 452 00:25:17,800 --> 00:25:20,760 Speaker 1: But his lies and the Liberals that have spread lies 453 00:25:20,760 --> 00:25:23,920 Speaker 1: about Georgie's election cost our state an All Star game, 454 00:25:23,960 --> 00:25:26,120 Speaker 1: but we won the World Series anyway, but also cost 455 00:25:26,160 --> 00:25:29,800 Speaker 1: us a hundred million dollars for small business owners. I 456 00:25:29,800 --> 00:25:32,440 Speaker 1: didn't even ask you about the bulldogs, Secretary, but I 457 00:25:32,520 --> 00:25:34,680 Speaker 1: appreciate your coming out and talk to me about it well. 458 00:25:34,720 --> 00:25:36,480 Speaker 1: And we're now the national champions for that, and we've 459 00:25:36,520 --> 00:25:40,400 Speaker 1: been recognized as number one for election integrity. Also, he's 460 00:25:40,440 --> 00:25:44,360 Speaker 1: a serious man. Republican Secretary of State Brad Raffinsburger of Georgia. 461 00:25:44,440 --> 00:25:48,160 Speaker 1: We thank you. It's calling the president a liar on this. 462 00:25:49,119 --> 00:25:51,439 Speaker 1: Let's see how the panel feels about it. Next, Rick 463 00:25:51,520 --> 00:25:56,200 Speaker 1: and Janie are on the way voter integrity, voter rights 464 00:25:56,359 --> 00:25:59,159 Speaker 1: reform on the way on sound on. This is Bloomberg. 465 00:26:00,280 --> 00:26:05,880 Speaker 1: H you're listening to Bloomberg. You sound on with Joe 466 00:26:05,920 --> 00:26:11,639 Speaker 1: Matthew on Bloomberg Radio. The thing sound on is a 467 00:26:11,720 --> 00:26:15,639 Speaker 1: safe space for political opinion because we're getting very close 468 00:26:15,680 --> 00:26:19,040 Speaker 1: to some third rails here with regard to voting rights. 469 00:26:19,040 --> 00:26:21,480 Speaker 1: But we can have this conversation and we're gonna finish 470 00:26:21,520 --> 00:26:25,640 Speaker 1: it with Rick and Genie our panel Bloomberg Politics contributors 471 00:26:25,680 --> 00:26:29,400 Speaker 1: Genie Chanzano and Rick Davis with us for the hour here. 472 00:26:29,440 --> 00:26:33,439 Speaker 1: As we come off our conversation with Brad Raffinsburger, Genie, 473 00:26:33,440 --> 00:26:36,359 Speaker 1: where is he wrong? Talk to me first about the 474 00:26:37,040 --> 00:26:40,359 Speaker 1: bigger issue of voter I d You clearly do not 475 00:26:40,440 --> 00:26:43,400 Speaker 1: agree with the Georgia law as it's written, Genie, would 476 00:26:43,400 --> 00:26:48,399 Speaker 1: the president uh make that a a more accommodative place 477 00:26:48,640 --> 00:26:52,240 Speaker 1: for voters? And why is the secretary of state wrong? Well, 478 00:26:52,400 --> 00:26:56,119 Speaker 1: you know the issue has always been that voter I 479 00:26:56,320 --> 00:27:01,200 Speaker 1: D requirements affect people of call are black and brown 480 00:27:01,320 --> 00:27:04,080 Speaker 1: people and people who are poor. So you just take 481 00:27:04,160 --> 00:27:07,560 Speaker 1: Georgia for instance, the numbers are about two D seventy 482 00:27:07,600 --> 00:27:11,200 Speaker 1: two thousand registered voters don't have the required I D. 483 00:27:11,800 --> 00:27:18,000 Speaker 1: So they have to submit additional documentation and that requires time, money, 484 00:27:18,040 --> 00:27:20,360 Speaker 1: and the ability to do that, and so what happens 485 00:27:20,520 --> 00:27:24,320 Speaker 1: is many of them become disenfranchised. But even more so 486 00:27:24,359 --> 00:27:27,360 Speaker 1: than that, as if that's not enough. The issue has 487 00:27:27,440 --> 00:27:29,920 Speaker 1: always been, at least for me and many people who 488 00:27:29,920 --> 00:27:32,760 Speaker 1: do research in this area in this area, is that 489 00:27:32,920 --> 00:27:36,479 Speaker 1: it's a solution in search of a problem. You know, 490 00:27:36,680 --> 00:27:39,920 Speaker 1: fraud at the polls is very very rare. There was 491 00:27:39,960 --> 00:27:43,800 Speaker 1: a study in fourteen that found only thirty one cases 492 00:27:43,920 --> 00:27:47,800 Speaker 1: of voter impersonation across the nation. I mean those are 493 00:27:47,840 --> 00:27:50,480 Speaker 1: you know, numbers that you can't even imagine. And so 494 00:27:51,080 --> 00:27:53,800 Speaker 1: that's why people have a problem with it. Sure, there's 495 00:27:53,800 --> 00:27:56,040 Speaker 1: always going to be problems, but that is not the 496 00:27:56,040 --> 00:27:59,920 Speaker 1: biggest problem. And what it does is it disenfranchises people. 497 00:28:00,040 --> 00:28:03,560 Speaker 1: And this is what the courts have found, particularly those 498 00:28:03,600 --> 00:28:06,479 Speaker 1: cases that came out of Texas. Raths Burger would tell 499 00:28:06,480 --> 00:28:08,160 Speaker 1: you all you're gonna have as a bunch of illegal 500 00:28:08,600 --> 00:28:10,960 Speaker 1: residents are going to vote, then if if we follow 501 00:28:11,000 --> 00:28:13,919 Speaker 1: your logic, yeah, a lot. But thirty one was the 502 00:28:14,000 --> 00:28:16,680 Speaker 1: number we have. So you know, I always say to students, 503 00:28:16,960 --> 00:28:19,240 Speaker 1: if there's a rush at the polls, I would love 504 00:28:19,280 --> 00:28:21,560 Speaker 1: to see it, because our problem in the United States 505 00:28:21,560 --> 00:28:24,080 Speaker 1: has not been too many people trying to vote. It's 506 00:28:24,119 --> 00:28:27,600 Speaker 1: too few and so that is not really the problem. 507 00:28:27,640 --> 00:28:29,879 Speaker 1: If there is a problem, they should show the numbers. 508 00:28:29,920 --> 00:28:32,199 Speaker 1: They've never been able to show that in court. What 509 00:28:32,240 --> 00:28:35,000 Speaker 1: do you say to that, Rick Davis? You know, Uh, 510 00:28:35,040 --> 00:28:38,360 Speaker 1: the system of our voting uh in this country is 511 00:28:38,680 --> 00:28:41,840 Speaker 1: by state law and and there are many state laws 512 00:28:41,880 --> 00:28:46,320 Speaker 1: that cover voting of this kind. Back in the ninety nineties, 513 00:28:46,400 --> 00:28:49,520 Speaker 1: we passed a motor voter bill that allows you to register, 514 00:28:49,920 --> 00:28:54,640 Speaker 1: you know, through the Motor Vehicle Administration, and widely supported 515 00:28:54,680 --> 00:28:59,000 Speaker 1: by Democrats because they thought that could expand the voter 516 00:28:59,080 --> 00:29:01,560 Speaker 1: registration roles for all. We can impose it. Now it's 517 00:29:01,600 --> 00:29:03,560 Speaker 1: nobody cares about it anymore. It's just another way to 518 00:29:03,600 --> 00:29:06,960 Speaker 1: get registered. So um, you know, look, I mean, we 519 00:29:06,960 --> 00:29:09,920 Speaker 1: we require a federal idea of some sort uh to 520 00:29:10,000 --> 00:29:13,400 Speaker 1: do almost anything anymore. You know, welcome post nine eleven. 521 00:29:13,960 --> 00:29:18,040 Speaker 1: And and so I think states that deem it necessary 522 00:29:18,080 --> 00:29:20,480 Speaker 1: to police their ballot boxes by showing a form of 523 00:29:20,520 --> 00:29:22,720 Speaker 1: I D have absolutely the right to do it. It's 524 00:29:23,040 --> 00:29:26,240 Speaker 1: it's a local decision. Uh. Last thing we want to 525 00:29:26,240 --> 00:29:28,520 Speaker 1: do is have the federal government get involved in deciding 526 00:29:28,520 --> 00:29:32,000 Speaker 1: what happens in elections in states, because look at the 527 00:29:32,080 --> 00:29:35,719 Speaker 1: best example the FEC, the Federal Election Commission, it is 528 00:29:35,760 --> 00:29:39,960 Speaker 1: completely broke. It's not had a full contingent of commissioners 529 00:29:39,960 --> 00:29:42,160 Speaker 1: and years it doesn't do a thing. And it's a 530 00:29:42,200 --> 00:29:46,240 Speaker 1: great example of federal federal oversight of elections when they're 531 00:29:46,520 --> 00:29:49,040 Speaker 1: they can't even accomplish that. Having the right to do 532 00:29:49,080 --> 00:29:51,040 Speaker 1: it is one thing, though, Rick, is that is that 533 00:29:51,200 --> 00:29:53,480 Speaker 1: enough to know that that there are people who will 534 00:29:53,480 --> 00:29:55,520 Speaker 1: not be able to vote with with an I D law. 535 00:29:55,760 --> 00:29:57,720 Speaker 1: If you if you don't have an idea, you can 536 00:29:57,720 --> 00:30:00,280 Speaker 1: always do a provisional ballot in the states that don't 537 00:30:00,320 --> 00:30:02,720 Speaker 1: require I D or do require I D, and have 538 00:30:02,840 --> 00:30:07,000 Speaker 1: that provisional ballot counted once you were able to prove 539 00:30:07,080 --> 00:30:11,080 Speaker 1: some residency in that precinct, So all you got to 540 00:30:11,080 --> 00:30:14,360 Speaker 1: do a show you're from that precinct. Well that that's 541 00:30:14,360 --> 00:30:18,480 Speaker 1: the problem, right, is that you disproportionately disenfranchise. The number 542 00:30:18,560 --> 00:30:21,520 Speaker 1: in the one of the last court cases was about 543 00:30:21,520 --> 00:30:24,360 Speaker 1: half a million poor and black and brown people in 544 00:30:24,400 --> 00:30:29,120 Speaker 1: Texas were disenfranchised because while it may be not particularly 545 00:30:29,200 --> 00:30:32,920 Speaker 1: difficult for most people, it is particularly difficult if you're 546 00:30:32,920 --> 00:30:37,000 Speaker 1: living below the poverty line and you can't get that access. 547 00:30:37,080 --> 00:30:39,520 Speaker 1: And so that's the problem. And you know, we should 548 00:30:39,560 --> 00:30:42,200 Speaker 1: also be very clear that the Freedom to Vote Act, 549 00:30:42,240 --> 00:30:46,160 Speaker 1: which the Democrats are pushing for, is not it's what 550 00:30:46,240 --> 00:30:48,480 Speaker 1: it's going to do is it's going to promote as 551 00:30:48,680 --> 00:30:53,000 Speaker 1: national standard for states that already have an identification requirement. 552 00:30:53,200 --> 00:30:55,480 Speaker 1: It's not going to stop those, and it's going to 553 00:30:55,600 --> 00:30:59,680 Speaker 1: allow for alternative options for voters to be validated. And 554 00:30:59,720 --> 00:31:02,800 Speaker 1: it's going to say the states that don't have those identifications, 555 00:31:02,960 --> 00:31:05,000 Speaker 1: they're not going to be required to have one. So, 556 00:31:05,440 --> 00:31:08,000 Speaker 1: you know, one thing we do know is that progressives 557 00:31:08,000 --> 00:31:10,280 Speaker 1: have been more willing to be open to the issue 558 00:31:10,320 --> 00:31:12,680 Speaker 1: of an I D and more accepting of it. But 559 00:31:12,760 --> 00:31:15,080 Speaker 1: I think we do have to make sure at the 560 00:31:15,200 --> 00:31:19,600 Speaker 1: very least that the poor are not disenfranchised and they 561 00:31:19,640 --> 00:31:21,920 Speaker 1: are not kept out of the polls because they don't 562 00:31:21,960 --> 00:31:24,480 Speaker 1: have access to voter I d s, which most of 563 00:31:24,560 --> 00:31:27,320 Speaker 1: us have. But the numbers in Georgia alone two and 564 00:31:27,360 --> 00:31:31,080 Speaker 1: seventy two thousand registered voters without the required ideas. The 565 00:31:31,120 --> 00:31:34,920 Speaker 1: Georgia Election law, the Integrity Act, it's Bill two oh two. 566 00:31:34,960 --> 00:31:37,240 Speaker 1: If you want to google this and play along in 567 00:31:37,280 --> 00:31:41,160 Speaker 1: your home game here at bars officials from sending out unsolessed, 568 00:31:41,200 --> 00:31:44,560 Speaker 1: unsolicited absentee ballot request forms. It reduces the amount of 569 00:31:44,600 --> 00:31:48,120 Speaker 1: time people have to request an absentee ballot. It also 570 00:31:48,200 --> 00:31:51,160 Speaker 1: limits the use of ballot drop boxes. Are those all 571 00:31:51,160 --> 00:31:54,040 Speaker 1: good ideas? Rick? Or no? You know again? I mean 572 00:31:54,080 --> 00:31:58,760 Speaker 1: it's it's every state has a different ballot absentee process, right. 573 00:31:58,760 --> 00:32:00,720 Speaker 1: I mean you can get in Arizona, you get on 574 00:32:00,720 --> 00:32:03,800 Speaker 1: a permanent role and get one every year. Um, you 575 00:32:03,840 --> 00:32:08,160 Speaker 1: can get one on election day, UH and cast it 576 00:32:08,160 --> 00:32:10,400 Speaker 1: through the mantle. So I mean all these states have 577 00:32:10,680 --> 00:32:12,880 Speaker 1: different rules that govern that. I think one of the 578 00:32:12,920 --> 00:32:15,760 Speaker 1: things that happened, UM, that people need to understand is 579 00:32:15,800 --> 00:32:18,320 Speaker 1: part of the reason we're having this debate is UH. 580 00:32:18,400 --> 00:32:21,840 Speaker 1: Due to COVID, a lot of states change their procedures 581 00:32:21,920 --> 00:32:25,560 Speaker 1: in UH, and it was sold to the public as 582 00:32:25,600 --> 00:32:27,720 Speaker 1: a one time thing. Because of the pandemic, We're going 583 00:32:27,760 --> 00:32:30,080 Speaker 1: to really change the way, you know, we we do 584 00:32:30,200 --> 00:32:33,120 Speaker 1: elections and allow people to not have to go to 585 00:32:33,200 --> 00:32:37,200 Speaker 1: polls and create a societal change in the way voting happens. 586 00:32:37,760 --> 00:32:40,600 Speaker 1: And and those should be rolled back. I'm not sure 587 00:32:40,720 --> 00:32:42,680 Speaker 1: every one of them roll back. I mean, I think 588 00:32:42,720 --> 00:32:47,560 Speaker 1: same day registrations and particularly good um rule to have 589 00:32:47,720 --> 00:32:49,760 Speaker 1: because it can be police and it and it keeps 590 00:32:49,760 --> 00:32:51,880 Speaker 1: people in the game all the way to the beginning. 591 00:32:51,880 --> 00:32:54,800 Speaker 1: But there are so many rules right now that skill elections. 592 00:32:55,160 --> 00:32:57,480 Speaker 1: You know, early voting was seen at the time is 593 00:32:57,520 --> 00:33:00,360 Speaker 1: a way to try and involve more people because election 594 00:33:00,400 --> 00:33:04,400 Speaker 1: participation was going down. Now we have record participation, and 595 00:33:04,400 --> 00:33:07,240 Speaker 1: in some elections are done in October. I mean, don't 596 00:33:07,240 --> 00:33:10,560 Speaker 1: you want to know in October what the issues are 597 00:33:10,800 --> 00:33:13,760 Speaker 1: that may affect your vote? Uh, come in November. So 598 00:33:13,920 --> 00:33:16,040 Speaker 1: I mean, I think some of these actually a deserve 599 00:33:16,200 --> 00:33:20,200 Speaker 1: correction because what they were intended to do have have 600 00:33:20,360 --> 00:33:23,520 Speaker 1: maybe missed the consequences of those actions. How about the 601 00:33:23,520 --> 00:33:25,560 Speaker 1: water the food and water bid, Junie. This is one 602 00:33:25,600 --> 00:33:27,720 Speaker 1: of these lines that just kind of takes on a 603 00:33:27,760 --> 00:33:29,920 Speaker 1: life of its own on cable news and becomes fodder 604 00:33:29,960 --> 00:33:32,200 Speaker 1: on on talk radio. But that's why I asked the 605 00:33:32,200 --> 00:33:34,480 Speaker 1: Secretary about that. You heard what he said, Should people 606 00:33:34,520 --> 00:33:37,000 Speaker 1: be able to give a bottle of water to somebody 607 00:33:37,040 --> 00:33:40,160 Speaker 1: within that that hundred and fifty foot perimeter or that's 608 00:33:40,200 --> 00:33:41,920 Speaker 1: the deal. If you're voting, you can't fool around with 609 00:33:41,960 --> 00:33:44,440 Speaker 1: people in line. I think they should be able to 610 00:33:44,480 --> 00:33:47,120 Speaker 1: get water. I also think, you know, in defense of 611 00:33:47,280 --> 00:33:49,880 Speaker 1: the Georgia law, that that has been widely overstated. The 612 00:33:49,880 --> 00:33:52,920 Speaker 1: President mentioned it today to huge applause. I think much 613 00:33:53,000 --> 00:33:56,120 Speaker 1: more important than that if we go back even before 614 00:33:56,160 --> 00:33:58,400 Speaker 1: the pandemic, and I agree that that did have in 615 00:33:58,440 --> 00:34:01,000 Speaker 1: a huge impact. But well, but for that was the 616 00:34:01,040 --> 00:34:03,880 Speaker 1: Supreme Court's gutting of pre clearance for in the Voting 617 00:34:03,960 --> 00:34:07,280 Speaker 1: Rights Act. In it was after that. If you look 618 00:34:07,280 --> 00:34:10,080 Speaker 1: at places like the Brennan Center where we saw this 619 00:34:10,200 --> 00:34:13,239 Speaker 1: flood of legislation out of the States, much of it 620 00:34:13,320 --> 00:34:17,040 Speaker 1: designed to disenfranchise people on the other side of the aisle. 621 00:34:17,480 --> 00:34:20,880 Speaker 1: Preclearance should be restored. That's part of this John Lewis 622 00:34:20,960 --> 00:34:23,040 Speaker 1: Voting Rights Act, and which is the second of these 623 00:34:23,080 --> 00:34:25,359 Speaker 1: acts that the Democrats are pushing for. It's the less 624 00:34:25,640 --> 00:34:27,919 Speaker 1: it's sort of the smaller, if you will, of the two, 625 00:34:27,960 --> 00:34:30,239 Speaker 1: the one that people like Joe Man should support. You 626 00:34:30,280 --> 00:34:33,759 Speaker 1: should restore preclearance. You should restore the Voting Act. It 627 00:34:33,840 --> 00:34:37,320 Speaker 1: was gutted in and we've seen a dramatic change and 628 00:34:37,400 --> 00:34:41,120 Speaker 1: access to the polls since that decision, particularly for African 629 00:34:41,160 --> 00:34:44,399 Speaker 1: Americans and black and brown people in this country. Let's 630 00:34:44,400 --> 00:34:48,000 Speaker 1: be clear that not everyone agrees within the Democratic Party, 631 00:34:48,000 --> 00:34:49,799 Speaker 1: and in our remaining moments, I'd like to look at 632 00:34:49,800 --> 00:34:53,319 Speaker 1: some of the discord internally here. The statement from UH 633 00:34:53,400 --> 00:34:56,600 Speaker 1: the double A CP President Derrick Johnson was brutal coming 634 00:34:56,640 --> 00:34:59,080 Speaker 1: off for the speech, which you would think would have 635 00:34:59,120 --> 00:35:00,880 Speaker 1: been pretty well risk even if you listen to what 636 00:35:00,920 --> 00:35:03,640 Speaker 1: the president said. He writes, our democracy stands in its 637 00:35:03,680 --> 00:35:07,200 Speaker 1: final hour. Unless President Biden applies the same level of 638 00:35:07,320 --> 00:35:10,080 Speaker 1: urgency around voting rights as he did for build back 639 00:35:10,160 --> 00:35:15,879 Speaker 1: Better and infrastructure, America may soon be unrecognizable. He goes 640 00:35:15,960 --> 00:35:18,399 Speaker 1: on to write, well, Biden delivered a stirring speech today. 641 00:35:18,440 --> 00:35:21,120 Speaker 1: It's time for this administration to match their words with 642 00:35:21,280 --> 00:35:25,919 Speaker 1: actions and for Congress to do their job. Seems to me, Rick, 643 00:35:26,000 --> 00:35:29,720 Speaker 1: that the administration is doing a lot. Congress is the problem. 644 00:35:29,880 --> 00:35:33,080 Speaker 1: They don't have the votes. They don't have the votes 645 00:35:33,120 --> 00:35:35,600 Speaker 1: for this bill. Uh. And it's the two people who 646 00:35:35,600 --> 00:35:38,680 Speaker 1: you mentioned in a in a previous interview, UM, you know, 647 00:35:38,760 --> 00:35:42,920 Speaker 1: Joe Mansion Christian Cinema, who actually do support a different 648 00:35:42,960 --> 00:35:46,759 Speaker 1: freedom to Act vote, UH, Freedom to Vote Act that 649 00:35:46,960 --> 00:35:50,440 Speaker 1: is supported by from what I can tell, fifty Democratic 650 00:35:50,480 --> 00:35:55,680 Speaker 1: senators UH co sponsored between Amy Klobuchar, UH and UH 651 00:35:55,719 --> 00:35:58,360 Speaker 1: and Joe Mansion. So it's not like there aren't things 652 00:35:58,400 --> 00:36:00,320 Speaker 1: that are in the hopper that could be voted on today. 653 00:36:00,360 --> 00:36:03,320 Speaker 1: It's just the bill that President was talking about today 654 00:36:03,600 --> 00:36:06,640 Speaker 1: is not even supported within his own party. That's the problem. 655 00:36:06,680 --> 00:36:10,200 Speaker 1: It's not a filibuster problem, it's a democratic consensus problem. 656 00:36:10,360 --> 00:36:12,160 Speaker 1: With that statement in mind, Genie, I want you to 657 00:36:12,160 --> 00:36:14,960 Speaker 1: listen to something and and consider something. Here. As we 658 00:36:14,960 --> 00:36:16,680 Speaker 1: listened to jen Psaki for a moment, it was a 659 00:36:16,719 --> 00:36:19,880 Speaker 1: who's who of progressives with the president today. The entourage 660 00:36:19,880 --> 00:36:21,560 Speaker 1: on Air Force one an air force too. I mean 661 00:36:21,600 --> 00:36:25,400 Speaker 1: these planes were loaded. Uh. One person, of course was 662 00:36:25,480 --> 00:36:28,960 Speaker 1: not there. And we had a sense of this yesterday 663 00:36:29,000 --> 00:36:31,200 Speaker 1: when the White House wasn't able to tell us, and 664 00:36:31,239 --> 00:36:33,759 Speaker 1: that would be Stacy Abrams. Here's Jensaki, the White House 665 00:36:33,760 --> 00:36:36,480 Speaker 1: Press secretary gaggling, as they say on Air Force One, 666 00:36:41,239 --> 00:36:44,120 Speaker 1: I think we have a warm conversation with Stacy Abrams 667 00:36:44,160 --> 00:36:46,840 Speaker 1: this morning. He saw it as a continuation of the 668 00:36:46,880 --> 00:36:50,000 Speaker 1: conversation they've had for the last several years about their 669 00:36:50,040 --> 00:36:53,759 Speaker 1: shared commitment to protecting the right to vote, protecting democracy 670 00:36:54,000 --> 00:36:56,640 Speaker 1: in this country, and they agreed that it's important to 671 00:36:56,680 --> 00:36:59,520 Speaker 1: continue to fight for this and work together moving forward. 672 00:37:00,160 --> 00:37:02,480 Speaker 1: He is the first to say he understands what's scheduling 673 00:37:02,520 --> 00:37:05,120 Speaker 1: conflicts and how they appear in your life. Beyond that, 674 00:37:05,160 --> 00:37:07,360 Speaker 1: I would point you to her and her team on 675 00:37:07,400 --> 00:37:11,360 Speaker 1: any more specifics. So they spoke today. They agree on 676 00:37:11,400 --> 00:37:13,239 Speaker 1: all of this stuff. But Ginie, what does it mean 677 00:37:13,760 --> 00:37:17,439 Speaker 1: that Stacy Abrams wasn't there? Well, you know, I don't 678 00:37:17,440 --> 00:37:19,719 Speaker 1: know what she could be doing that she couldn't make 679 00:37:19,760 --> 00:37:22,000 Speaker 1: time to see the President of the United States. It 680 00:37:22,040 --> 00:37:24,680 Speaker 1: seems to me Stacy Abrams has learned a little bit 681 00:37:24,680 --> 00:37:27,720 Speaker 1: from Glenn Duncan and his ability to treat Donald Trump 682 00:37:27,760 --> 00:37:30,239 Speaker 1: with sort of a you know, an arms distance. I 683 00:37:30,320 --> 00:37:34,160 Speaker 1: think she's doing something of the same there, and she 684 00:37:34,320 --> 00:37:36,360 Speaker 1: wants to be governor, of course, And I think the 685 00:37:36,520 --> 00:37:39,800 Speaker 1: n double a CP President's statement now is just another 686 00:37:39,920 --> 00:37:43,040 Speaker 1: sign of what she's thinking. They don't want empty jesters, 687 00:37:43,040 --> 00:37:45,840 Speaker 1: they don't want photoops. They want the president to do something. 688 00:37:46,080 --> 00:37:49,080 Speaker 1: The problem is the president doesn't have the power to 689 00:37:49,120 --> 00:37:51,160 Speaker 1: do it. To your point, it's got to be Congress 690 00:37:51,160 --> 00:37:54,200 Speaker 1: and they simply don't have the numbers. That's the reality. 691 00:37:54,239 --> 00:37:55,880 Speaker 1: But he's going to be hit from the left for 692 00:37:55,920 --> 00:37:58,600 Speaker 1: that reality. Donald Trump out with the statement, Rick, you 693 00:37:58,640 --> 00:38:01,640 Speaker 1: better believe it quotes A c knows Biden actually lost 694 00:38:01,640 --> 00:38:05,360 Speaker 1: big in Georgia. She helped Biden steal the election in Georgia. 695 00:38:05,400 --> 00:38:07,399 Speaker 1: But now she won't even share a stage with Joe. 696 00:38:07,680 --> 00:38:10,080 Speaker 1: Is it? Is it bad optics and she wasn't there, 697 00:38:10,120 --> 00:38:11,799 Speaker 1: or we make it too much of it. No, I 698 00:38:11,800 --> 00:38:14,480 Speaker 1: think it's bad optics. But when your president comes to town, 699 00:38:14,520 --> 00:38:18,960 Speaker 1: he's got chop approval. You don't show up for the event. Wow, 700 00:38:19,680 --> 00:38:22,240 Speaker 1: what a way to make a living, Rick and Geenie, 701 00:38:22,239 --> 00:38:25,640 Speaker 1: Thanks has ever great conversation, smart talk on voting rights. 702 00:38:25,640 --> 00:38:28,680 Speaker 1: We won't hear that anywhere else but here on sound 703 00:38:28,719 --> 00:38:31,279 Speaker 1: on the fastest hour in politics. We'll meet you back 704 00:38:31,280 --> 00:38:33,279 Speaker 1: here tomorrow with a lot more. I'm Joe Matthew and 705 00:38:33,400 --> 00:38:34,560 Speaker 1: this is Bloomberg