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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch us Live weekdays at

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Speaker 1: noon Eastern on Applecarplay and then Roud Otto with the

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Speaker 1: Bloomberg Business app. Listen on demand wherever you get your podcasts.

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Speaker 1: Watch us Live on YouTube.

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Speaker 2: A truly wild weekend on the campaign trail, and that

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Speaker 2: continues today. Donald Trump in Greenville, North Carolina. We're going

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Speaker 2: to bring it to North Carolina in a moment. Kamala

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Speaker 2: Harris with events throughout Pennsylvania, Malvern on A, Birmingham, Michigan, Brookfield, Wisconsin.

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Speaker 2: We're serious about these swing states. Tim Walls on the

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Speaker 2: View this morning to see him talking to Whoopy Goldberg

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Speaker 2: that I'm guessing we'll make some news a little bit

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Speaker 2: later on. He's going to be taking part in a

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Speaker 2: reception this evening on his big visit to New York

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Speaker 2: and doing the Daily Show later over the weekend. Though, boy,

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Speaker 2: what am I not suppose to talk about today? I

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Speaker 2: think is my deliberation not to talk about Donald Trump

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Speaker 2: using expletives to describe the vice president or the former

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Speaker 2: president's describing of Arnold Palmer in the shower. Maybe the

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Speaker 2: fact that they closed the McDonald's that he appeared at

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Speaker 2: for the photo op yesterday. They did have to rehearse

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Speaker 2: that whole thing. Apparently the customers were screened by Secret Service.

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Speaker 2: Or we can look forward on what will happen in

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Speaker 2: the next fifteen days. That is what Josh Wingrove is

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Speaker 2: talking about. Harris Trump scrapped for few undecided voters as

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Speaker 2: race titans. My favorite line in the story refers to

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Speaker 2: this as a jump ball election, and that's where we

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Speaker 2: start our conversation with the great Josh Wingrove Bloomberg White

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Speaker 2: House reporter, with us at the table. It's been far

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Speaker 2: too long, Good to see you, happy to be here.

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Speaker 2: This is a jump ball. Then the campaign that scores

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Speaker 2: last wins. Yeah, how do you score a last? Is

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Speaker 2: it who lands the last big interview, who says the

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Speaker 2: most outrageous thing? This is tie, Josh.

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Speaker 3: Well, if you're Harris you think you do it by

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Speaker 3: peeling off just a little bit of a few groups

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Speaker 3: like Republicans, for instance, which is why she's touring the

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Speaker 3: three Blue Wall states with Liz Cheney today, and other groups,

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Speaker 3: including whether young voters will turn out, whether they can

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Speaker 3: sort of run up the score with women, whether they

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Speaker 3: can stop some bleeding among black and Latino voters, black

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Speaker 3: men in particular. All of that is across the board.

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Speaker 3: One thing though in this story I was with her

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Speaker 3: last week in the blue Wall today is I believe

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Speaker 3: the eighth or ninth day in a row she's setting

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Speaker 3: foot in one of those three states. I think you know,

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Speaker 3: if you'd go by where her feet are. They're seeing

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Speaker 3: their path run through Michigan, Wisconsin, and Pennsylvania, and the

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Speaker 3: governors there are striking an upbeat tone. Governor Shapiro Pennsylvania

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Speaker 3: told me Flatley Harris will win the state. If she does,

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Speaker 3: I think there's a very good chance she wins the presidency. Others,

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Speaker 3: of course, less sure. The polls are pretty mixed. To

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Speaker 3: a lesser extent, Governor Evers Wisconsin, Governor Whitmer of Michigan

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Speaker 3: singling kind of similar optimism. Whitmer is saying she'd rather

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Speaker 3: have Democrats hand than the Republican's hands. So they're supposed

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Speaker 3: to say that they are they are, but they haven't

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Speaker 3: necessarily been. Shapiro has been less upbeat, So I guess

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Speaker 3: that jumped out to me. I don't know, I don't

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Speaker 3: know whether I was expecting dour faces and clouds over

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Speaker 3: the skies. But it looks like Democrats are I suppose

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Speaker 3: there's two ways of looking at it. You could say

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Speaker 3: that they are trying to shore up an inside lane.

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Speaker 3: These are usually blue states. Trump won them in sixteen,

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Speaker 3: but Biden won them in twenty. They all have democratic governors.

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Speaker 3: Or you could say, gee, it looks like she's playing

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Speaker 3: defense here in the last couple of weeks.

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Speaker 2: Sure, yeah, I mean, it is an odd scenario to

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Speaker 2: have two kind of wide open weeks with no debate.

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Speaker 2: Normally would be having a debate around the end of

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Speaker 2: this week or next. So what's the culminating event or

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Speaker 2: does this campaign kind of fizzle out knowing a lot

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Speaker 2: of people have already started.

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Speaker 3: That's right, and I think we're seeing that in modern elections.

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Speaker 3: So much of this is just a turnout game in

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Speaker 3: an online date to the jumping, That's right, it's a

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Speaker 3: So Harris is going to do her town hall, which

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Speaker 3: was nominally supposed to be a date a debate at

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Speaker 3: one point on CNN this week, so we'll be watching that,

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Speaker 3: of course, very closely. And Trump has announced, for instance,

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Speaker 3: other events including Madison Square Garden and a big.

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Speaker 2: New York. By the way, is there some logic to

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Speaker 2: it's going to be big pictures look as like led

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Speaker 2: Zeppelin up there on stage at Madison Square Garden. Or

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Speaker 2: is it a true waste of time knowing that he's

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Speaker 2: not likely to win New York.

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Speaker 3: Well, anything that makes your candidate happy, isn't it not

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Speaker 3: necessarily a time? No, he wants to show momentum. I

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Speaker 3: don't think that they are genuinely pledging that they're going

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Speaker 3: to be particularly competitive in New York. But the New

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Speaker 3: York House races are competitive and could well determine, of course,

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Speaker 3: control of that chamber. Governor Hokeel was herself in the

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Speaker 3: Blue Wall States, which is a bit of a funny scenario

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Speaker 3: last week, campaigning for Kamala Harrison, saying that they are

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Speaker 3: working to try to deliver those swing seat states or

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Speaker 3: swing seats excuse me, because they don't really have much

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Speaker 3: say in the presidential race.

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Speaker 2: It is.

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Speaker 3: I think New York is safe. I don't think it's

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Speaker 3: really a play there, But there are a lot of

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Speaker 3: house races that are you know, unclear right now, including

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Speaker 3: in New Jersey as well, so we'll be watching for that.

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Speaker 3: You know, this is this is trite, Joe. It's every

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Speaker 3: time we get asked like, so, who's gonna win. Yes,

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Speaker 3: it's gonna be you know, give me something, and I like,

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Speaker 3: I wish I had more to give. But genuinely, almost

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Speaker 3: everyone you ask on both sides, it's like it's just

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Speaker 3: so close right now. It's from four years ago that

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Speaker 3: Biden people felt pretty strongly they were up in every pole. Yeah,

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Speaker 3: you know, they felt pretty strongly. This time around, it's just.

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Speaker 2: Yeah, it's just not only within the margin, but literally

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Speaker 2: it's high. This is some poles here. Josh, Great to

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Speaker 2: see you, Josh wunn Grove the story on the terminal online.

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Speaker 2: Nice to see Clark Kent in person every now and

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Speaker 2: then here on the program. I'm Joe, Matthew and Washington.

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Speaker 2: Glad you're with us here as we pick our way

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Speaker 2: through the swing states. We're going to be doing this

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Speaker 2: a lot over the next two weeks. And as we

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Speaker 2: talk about North Carolina today, Donald Trump is there, as

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Speaker 2: I mentioned, and that new Washington Post poll that you

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Speaker 2: might have seen this morning finds Donald Trump in the

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Speaker 2: lead in North Carolina. As we get into a thinner

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Speaker 2: slice here, just looking at the state, fifty to forty seven. Again,

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Speaker 2: I mean this is within the margin pretty much anywhere

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Speaker 2: you look, or awfully close when you want to call

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Speaker 2: this a statistical tie. But of course we had the

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Speaker 2: matter with the Lieutenant governor. I think that might be

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Speaker 2: the last time we talked to Professor Bitzer, and he's

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Speaker 2: back with us now. Michael Bitzer with the politics department

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Speaker 2: chair and professor of Politics and History at Kataba College

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Speaker 2: in North Carolina. Professor, it's great to see you. Welcome

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Speaker 2: back to Bloomberg. Been looking forward to talking with you

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Speaker 2: now that we've got a couple of weeks under our

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Speaker 2: belt with regard to the Lieutenant Governor Mark Robinson's scandal

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Speaker 2: there that put a lot of noise around North Carolina,

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Speaker 2: and I wonder how you see it now with two

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Speaker 2: weeks to go and what appears to be, at least

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Speaker 2: according to the newest pulling a slight lead for Donald Trump.

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Speaker 4: Well, I think, as you indicated, it is a slight lead,

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Speaker 4: but it is within the margin of error. The way

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Speaker 4: that I described North Carolina statewide elections, the margin of

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Speaker 4: victory is going to be within the margin of error,

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Speaker 4: and so I think the dynamic of what we have

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Speaker 4: seen over the past month. Certainly, we started with a

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Speaker 4: September surprise of the Mark Robinson allegations. We then moved

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Speaker 4: into a hurricane hitting the western portion of the state.

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Speaker 4: Nobody was expecting that. So I'm hopeful but won't be

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Speaker 4: surprised that we will see in October surprise, hopefully not

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Speaker 4: of a magnitude of a hurricane. But we are into

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Speaker 4: the final days and we're well into early voting in

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Speaker 4: this state as well.

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Speaker 2: I don't know how many surprises North Care can take, Professor,

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Speaker 2: but let me ask you about the two things you

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Speaker 2: just mentioned. I'll start with the hurricane. Over the weekend.

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Speaker 2: The call from people living in Ashville was please do

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Speaker 2: not forget us. Would it behoove the candidates to look

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Speaker 2: back to North Carolina to find out what's going on?

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Speaker 2: There was a rush to get there in a very

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Speaker 2: confusing time of misinformation. What Ka Kamala Harrison, Donald Trump,

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Speaker 2: if not the actual president Joe Biden do to help well?

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Speaker 4: I think certainly the dynamic of recovery and rebuilding is

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Speaker 4: priority number one for those twenty five counties in North Carolina.

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Speaker 4: We're seeing a little bit of depressed turnout in comparison

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Speaker 4: to what we would expect from four years ago. But

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Speaker 4: that's primarily in Buncom County, which is home to Ashville.

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Speaker 4: In fact, a number of the other counties that were

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Speaker 4: hard hit are actually at or slightly ahead of the

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Speaker 4: state averages in terms of turnout so far. I think

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Speaker 4: that this is certainly a Republican region. It was a

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Speaker 4: sixty one to thirty nine Republican presidential region. Republicans need

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Speaker 4: their vote to come out of this area that provides

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Speaker 4: about seventeen percent of all the state wide votes. And

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Speaker 4: so certainly if campaigns are going to be focused on that,

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Speaker 4: they need to help with the rebuilding effort, but they

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Speaker 4: also need to focus on are you safe in your home?

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Speaker 4: Do you have your business back open? Now, let's think

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Speaker 4: about participating and voting in this year's election.

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Speaker 2: Well, are people getting around? Is it possible for everyone

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Speaker 2: to get to a polling site.

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Speaker 4: It is still hard in some regions of the state,

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Speaker 4: particularly north of Asheville and Yancey County. I mean the

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Speaker 4: devastation in terms of the roads. A lot of mountain

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Speaker 4: roads tend to run along river rivers and creeks, and

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Speaker 4: when those rivers and creeks flooded over, they destroyed so

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Speaker 4: much of the infrastructure in western North Carolina. It's going

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Speaker 4: to be a very slow rebuilding process. But people are

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Speaker 4: being able to get supplies into a lot of hard

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Speaker 4: hit areas. But there may be some communities that are

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Speaker 4: just simply cut off in the back collars and valleys

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Speaker 4: of the mountain region.

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Speaker 2: That's a real heartbreaker that we're not talking about enough

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Speaker 2: right now. Professor. On some Mark Robinson, you mentioned the scandal.

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Speaker 2: I think I brought it up first. Now that some

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Speaker 2: weeks have gone by, I was looking at the Raleigh

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Speaker 2: News this morning. Josh Stein has a double digit lead

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Speaker 2: over Mark Robinson. The Lieutenant governor had his whole staff

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Speaker 2: on the campaign quit as the state just moved on.

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Speaker 4: It feels like it. I think that this would be

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Speaker 4: the real surprise of North Carolina's elections. If Josh Stein

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Speaker 4: is able to pull anything more than a five point

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Speaker 4: victory margin out, this would be a real landslide in

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Speaker 4: North Carolina. If he's talking about potentially double digits, the

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Speaker 4: effect on the ballot is what I'm going to be

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Speaker 4: very interested in. North Carolina has a slight history, has

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Speaker 4: a long history of split ticket voters, but that part

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Speaker 4: of the electorate has truly collapsed to where it's typically

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Speaker 4: less than five percent of the electorate. If we're talking

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Speaker 4: about a major blowout at the gubernatorial level, does that

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Speaker 4: have an impact at the top of the ticket and

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Speaker 4: down the ballot, particularly in some very competitive Council of

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Speaker 4: State executive statewide offices.

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Speaker 2: And this is unquantifiable, right, professor, this is what you

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Speaker 2: do for a living. But there's so much noise, how

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Speaker 2: could it possibly project? Yet everyone asked you, everyone you

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Speaker 2: saw over the weekend asked you who you thought was

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Speaker 2: going to win the race? Right?

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Speaker 4: They did, And I would take your jump ball metaphor

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Speaker 4: and make it even simpler. Coin toss flip a coin

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Speaker 4: heads for Harris, tails for Trump. You're probably about as

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Speaker 4: a grade of a predictive model as anything that we

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Speaker 4: can together at this point.

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Speaker 2: That is something you know. Of course, the polls, as

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Speaker 2: I mentioned, show a slight lead in North Carolina, but

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Speaker 2: statistically close. And when you add all the noise that

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Speaker 2: you mentioned, it does make you wonder when you see

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Speaker 2: Donald Trump coming back down today, as I mentioned, he's

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Speaker 2: in Greenville, North Carolina. Does the in person presence is

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Speaker 2: showing up matter at this point?

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Speaker 4: Oh, I think it certainly does. I think it appeals

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Speaker 4: to the base voters. For each political party, they need

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Speaker 4: to fight on the ground, and candidate visits like this

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Speaker 4: really helps to mobilize and energize voters. I believe Waltz

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Speaker 4: will be here. I believe Harris will be returning as well.

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Speaker 4: So this is really a state where the true battle

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Speaker 4: for victory statewide is literally fought on the ground. We

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Speaker 4: are completely inundated with campaign commercials, but that really doesn't

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Speaker 4: move a whole lot of people. It's about energizing and

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Speaker 4: mobilizing your base to show up.

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Speaker 2: Yeah, you must love watching TV right now, professor, So

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Speaker 2: let's talk about showing up in our remaining moment. I

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Speaker 2: want to look at the early voting that's happening in

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Speaker 2: North Carolina because it's important. More people turned out in

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Speaker 2: North Carolina to cast ballots on the first day of

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Speaker 2: early voting this year than in twenty twenty. Preliminary data

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Speaker 2: shows a record three hundred and fifty three thousand people.

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Speaker 2: Even more cast ballots at more than four hundred early

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Speaker 2: voting sites statewide when this began Thursday. Professor, who does

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Speaker 2: that favor?

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Speaker 4: I think right now it is again a kind of

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Speaker 4: We're not sure how to read these tea leaves because

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Speaker 4: as of today, we've got over a million early votes cast,

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Speaker 4: and the partisan registration breakdown is fairly even between registered

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Speaker 4: Democrats and registered Republicans. Back four years ago, it was

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Speaker 4: a slight Democratic advantage. So how this plays out, and

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Speaker 4: particularly the increase of the unaffiliated voter in this state,

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Speaker 4: Yet again, we're trying to decipher that he leaves, and

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Speaker 4: I'm not sure we can read that much into it.

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Speaker 4: With only four days out of seventeen days of early voting.

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Speaker 2: The unaffiliated voter what an idea. It's like looking for

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Speaker 2: sasquatch out in the wild. Professor, have you met any

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Speaker 2: of these rare people in this campaign?

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Speaker 4: I've met registered unaffiliateds, but true registered independent voters politically independent,

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Speaker 4: they are very few in this very polarized state.

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Speaker 2: An endangered species. Will keep our eyes out for sasquatch

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Speaker 2: with help from the professor with the bow tie. It's

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Speaker 2: great to see you, Michael Bitzer, come back and talk

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Speaker 2: to us again before we actually close this thing down

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Speaker 2: on election day one way or the other. Is it

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Speaker 2: a jump ball or a flip coin? Take your pick.

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Speaker 2: According to the Professor, we'll have a lot more ahead.

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Speaker 2: On the fastest show in politics.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ken

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Speaker 1: Just Live weekdays at noon Eastern on Applecarplay and Android

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Speaker 1: Oro with a Bloomberg business ad. You can also listen

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Speaker 1: live on Amazon Alexa from our flagship New York station,

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Speaker 1: Just Say Alexa play Bloomberg eleven thirty.

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Speaker 2: As we unpack a wild weekend on the campaign trail, Kaylee,

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Speaker 2: a lot of things said by Donald Trump that I

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Speaker 2: can't repeat as we prepare to bring in Nick Mulvaney,

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Speaker 2: which brings us back to campaigns past. The fact of

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Speaker 2: the matter is the latest polling out from Washington Post

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Speaker 2: and the Shar School find this is a truly tied race.

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Speaker 2: A survey of the swing state shows forty seven to

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Speaker 2: forty seven among likely voters forty nine Harris forty eight.

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Speaker 2: Trump still a statistical tie no matter where you look,

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Speaker 2: so arguably both campaigns are doing everything right. We heard

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Speaker 2: from Kamala Harris over the weekend in an interview with

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Speaker 2: al sh Sharp and her reaction to Donald Trump using

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Speaker 2: an expletive to refer to her, describing her as he

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Speaker 2: did questioning her running mate's manhood and her husband's extramarital

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Speaker 2: affair in a prior marriage. She was asked to respond here, she.

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Speaker 5: Is what you see in my opponent, a former president

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Speaker 5: of the United States? Really is it demeans the office?

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Speaker 5: And I have said, and I'm very clear about this,

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Speaker 5: Donald Trump should never again stand behind the seale of

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Speaker 5: the president of the United States. He has not earned

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Speaker 5: the right. He has not earned the right, and that's

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Speaker 5: why he's going to lose.

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Speaker 6: Although as we know, it is not guaranteed that he's

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Speaker 6: going to lose this election. As Joe mentioned, we're still

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Speaker 6: in a statistical tie. This thing is a dead heat.

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Speaker 6: So for more on these final fifteen days of the race,

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Speaker 6: we turned to mc mulvaney, former acting chief of staff

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Speaker 6: in the Trump Roight House, former director of the Omb,

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Speaker 6: former co founder of the House Freedom Caucus, congressman from

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Speaker 6: South Carolina. Welcome back to Bloomberg TV and Radio.

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Speaker 7: Nick.

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Speaker 6: As we're in the home stretch here, it does seem

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Speaker 6: that Kamala Harris has narrowed what her closing argument is

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Speaker 6: going to be that Donald Trump is unfit to serve

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Speaker 6: as president again. Are you getting a clear closing message

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Speaker 6: from Donald Trump? Is it demeaning the Vice president talking

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Speaker 6: about Arnold Palmer. What exactly is he trying to tell

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Speaker 6: undecided voters.

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Speaker 8: Here, Kayley, I'm not sure that's the right way to

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Speaker 8: look at it. And let me say why. I say

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Speaker 8: that this is not an ordinary election where that are

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Speaker 8: out trying to find the candidates are out trying to

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Speaker 8: find the last few undecided voters. What Kamala Harris just

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Speaker 8: says Kamala Harris just said in that interview doesn't move

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Speaker 8: an independent voter. Tell me an independent voter who's undecided

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Speaker 8: right now. They know all that stuff about Donald Trump

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Speaker 8: and they're still undecided for some reason. Donald Trump going

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Speaker 8: into a McDonald's I don't think helps sort of get

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Speaker 8: into or undecided voters. I think this is a turnout election.

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Speaker 8: You're not going to hear for that reason, a traditional

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Speaker 8: closing argument. I think they're out there trying to make

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Speaker 8: sure their people show up. If Kamala Harris was asked that,

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Speaker 8: you know, really trying to reach out to independent voters

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Speaker 8: with her comments, she'd say something about herself and what

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Speaker 8: she's going to do. You know, Donald Trump might be

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Speaker 8: talking about what he wants to do, and neither of

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Speaker 8: them are talking about that, So it's a fair questions.

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Speaker 8: It's a typical question to ask. I'm just not sure.

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Speaker 8: This is sort of a square peg round whole sort

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Speaker 8: of election, so looking at it what we looked to

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Speaker 8: past elections might not be the best way to look

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Speaker 8: at it.

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Speaker 2: I get you, Mike, al though, when you look at

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Speaker 2: the past, Look, you knew Donald Trump in the campaign

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Speaker 2: in sixteen, you knew him in the White House, and

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Speaker 2: so we're seeing Donald Trump in action, right, I mean,

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Speaker 2: what would be different this time? What you see is

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Speaker 2: what you get, and if he's reelected, it's going to

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Speaker 2: feel a lot like it did last time. Am I wrong?

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Speaker 4: No?

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Speaker 9: I think you're probably right.

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Speaker 8: I mean, face it, you're not going to teach a

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Speaker 8: nearly eighty year old man new tricks.

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Speaker 9: Right, That's just not going to happen.

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Speaker 8: Joe, You and I have talked about this before, the

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Speaker 8: couple of times where I tried to give him campaign

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Speaker 8: advice when we're together in the White House. He'd look

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Speaker 8: at me and go, Okay, that's interesting.

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Speaker 9: How many campaigns have you won for president? Zero?

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Speaker 8: We're going to do it my way, and I have

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Speaker 8: to imagine that's the conversation that's happening inside of the

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Speaker 8: Trump campaign right now. He's going to do what has

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Speaker 8: served him so well for his entire life. He won

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Speaker 8: in sixteen, he lost in twenty twenty. He looks at

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Speaker 8: this as sort of the rubber match at the three set,

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Speaker 8: and he's going to be him here in the last

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Speaker 8: couple of days.

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Speaker 6: Well, Donald Trump doing as Donald Trump does is one thing,

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Speaker 6: but the campaign is beyond just him. There's also questions

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Speaker 6: if this is ultimately about turnout, about voting, or driving

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Speaker 6: his base to actually go out and vote for him. Mick,

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Speaker 6: as you were suggesting, are you as confident that the

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Speaker 6: ground game is there? If Donald Trump is just doing

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Speaker 6: what he wants to do, what's everybody else supporting his

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Speaker 6: cause doing?

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Speaker 8: Yeah, I think it's better than twenty twenty. And here's

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Speaker 8: why I say that. I've talked to Mike Wattley a

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Speaker 8: couple of times, Mike, former North Carolina Party chair now

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Speaker 8: running the RNC about say that the ground game and

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Speaker 8: the door to door and he's like, look, Mike.

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Speaker 9: It's not going to come out.

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Speaker 8: It's not going to come across as the same as

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Speaker 8: it was in the past because and this is the

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Speaker 8: specific example he gave me on door knocking, which everybody

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Speaker 8: knows you sort of do you know, at the last

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Speaker 8: couple of weeks to try and drive enthusiasm and get

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Speaker 8: you know, maybe an occasional swing voter. He's like, look,

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Speaker 8: we're skipping everybody accept hard Republican voters. We're if you're

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Speaker 8: an undecided voter, we're probably not knocking on your door.

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Speaker 8: We are going to find our people. That's by design.

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Speaker 8: And sure enough, there's stories out there how that door

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Speaker 8: knocking get campaign might not be as strong as other

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Speaker 8: people think it should be. I think both campaigns are

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Speaker 8: looking at this through a very different prism. This year,

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Speaker 8: the campaign looks different, it feels different, and again the

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Speaker 8: proof will obviously be in the putting that that's probably

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Speaker 8: DOESN'TDD much value to say that, But in talking to

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Speaker 8: the folks of the Trump campaign, I think they are

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Speaker 8: going about this as methodical as a Trump campaign is

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Speaker 8: going to go through something and say, we are going

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Speaker 8: to find our people and make sure they show up.

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Speaker 8: And my guess is, even though I don't have first

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Speaker 8: hand information, the same thing is going on in the

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Speaker 8: Harris camp.

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Speaker 2: Kayley asked you about Donald Trump's closing argument, how about

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Speaker 2: Kamala Harris's The New York Times ran a headline over

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Speaker 2: the weekend you might have seen Mick Trump becomes the

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Speaker 2: star of Harris's closing pitch, which brings us back to

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Speaker 2: the whole do you vote for someone or do you

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Speaker 2: vote against someone? Is that enough for her to be

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Speaker 2: the next president?

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Speaker 8: Up until twenty sixteen, actually up u twenty sixteen, certainly

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Speaker 8: twenty twenty, I would have said that positive energy is

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Speaker 8: always more important.

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Speaker 9: Than negative energy.

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Speaker 8: People will show up to vote for something much more

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Speaker 8: than I'll vote show up against something. And Donald Trump

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Speaker 8: changed that. I've said this before, I'll say it again.

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Speaker 8: People yell at me, but this is not a conspiracy theory. Listen,

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Speaker 8: hear me out. No one voted for Joe Biden. People

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Speaker 8: either voted for Donald Trump or against Donald Trump. There's

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Speaker 8: not that many people voting for Kamala Harris.

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Speaker 9: I don't even know who she is.

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Speaker 8: They're voting for Donald Trump or against Donal Trump. He's

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Speaker 8: a turnout machine for Republicans and a turnout machine for Democrats.

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Speaker 9: What's her closing argument?

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Speaker 8: She got to asked some really interesting questions over the

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Speaker 8: course of the last ten days, which is, you know

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Speaker 8: how would you be different than Joe Biden? And she's

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Speaker 8: given really poor answers to that, in my opinion, by

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Speaker 8: essentially saying I'm not Joe Biden and I'm not Donald Trump.

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Speaker 8: That's great, but that's counting on that negative energy. You know,

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Speaker 8: when you really want to deliver the message, you tell

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Speaker 8: people who you are. And hearkens back Joe and Kayley

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Speaker 8: to the interview. I think that Ted Kennedy give back

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Speaker 8: in the nineteen seventies and I asked him why are

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Speaker 8: you running for president?

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Speaker 9: And he couldn't give a good answer. That was Roger.

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Speaker 9: But that's exactly right if she loses.

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Speaker 8: If she loses, I think history will look back at

436
00:22:44,800 --> 00:22:47,360
Speaker 8: those questions she got asked in these final weeks when

437
00:22:47,400 --> 00:22:49,280
Speaker 8: she wasn't able to tell people who she was and

438
00:22:49,320 --> 00:22:51,320
Speaker 8: instead chose to tell people who she wasn't.

439
00:22:53,160 --> 00:22:55,840
Speaker 6: Well, that's if she loses. There's also the question of

440
00:22:55,880 --> 00:22:59,320
Speaker 6: if she wins or vice versa. If Donald Trump loses

441
00:22:59,440 --> 00:23:02,200
Speaker 6: or wins, either candidate is going to accept those results.

442
00:23:02,240 --> 00:23:04,880
Speaker 6: So if we're just going to litigate this thing for

443
00:23:05,080 --> 00:23:08,440
Speaker 6: three months between election day or almost three months and

444
00:23:08,520 --> 00:23:11,399
Speaker 6: inauguration day, Mick, what are you bracing for in the

445
00:23:11,440 --> 00:23:15,240
Speaker 6: aftermath of November fifth, knowing what we as a country

446
00:23:15,280 --> 00:23:18,760
Speaker 6: experienced in twenty twenty, are you seeing the seed sown

447
00:23:19,280 --> 00:23:21,720
Speaker 6: for that kind of activity to happen again?

448
00:23:23,160 --> 00:23:23,480
Speaker 9: Kayla?

449
00:23:23,520 --> 00:23:26,320
Speaker 8: The easy answer is no, I'm not. But that being said,

450
00:23:26,359 --> 00:23:28,920
Speaker 8: I didn't see January sixth coming either. I never thought

451
00:23:28,960 --> 00:23:32,120
Speaker 8: my party would be the folks, you know, leading an

452
00:23:32,240 --> 00:23:34,760
Speaker 8: armed rebellion. That's I didn't see it coming, and I

453
00:23:34,800 --> 00:23:36,760
Speaker 8: certainly don't see it coming now. I think answer your

454
00:23:36,840 --> 00:23:39,880
Speaker 8: question depends not only how close the election is going

455
00:23:39,920 --> 00:23:41,159
Speaker 8: to be, and there's a chance it's going to be

456
00:23:41,359 --> 00:23:43,359
Speaker 8: exactly as close as the polls say that it is.

457
00:23:43,960 --> 00:23:46,320
Speaker 8: There's also a chance the polls are wrong. Been lying

458
00:23:46,359 --> 00:23:49,240
Speaker 8: to pollsters now for you know, several years, especially when

459
00:23:49,280 --> 00:23:52,240
Speaker 8: it comes to Donald Trump, how close it is and

460
00:23:52,359 --> 00:23:55,040
Speaker 8: where it's close. You know, if it's close in a

461
00:23:55,080 --> 00:23:59,040
Speaker 8: Republican state like Georgia, if it's close in a Democrat

462
00:23:59,119 --> 00:24:01,800
Speaker 8: state like Pennsylvania, I think does give two different answers

463
00:24:01,800 --> 00:24:04,840
Speaker 8: in terms of the reaction that the different parties give.

464
00:24:05,040 --> 00:24:07,800
Speaker 8: I will caution I encourage people to consider this. You know,

465
00:24:07,840 --> 00:24:10,280
Speaker 8: Donald Trump got asked a question during his MC Donald's

466
00:24:10,840 --> 00:24:14,439
Speaker 8: been pumped presser, would he accept the outcome of election?

467
00:24:14,520 --> 00:24:16,439
Speaker 9: He said, you know, yes, if it's fair.

468
00:24:17,280 --> 00:24:19,600
Speaker 8: I think most Democrats that have been asked the same

469
00:24:19,680 --> 00:24:22,080
Speaker 8: question have been giving the same answer. They've asked a

470
00:24:22,080 --> 00:24:24,480
Speaker 8: whole bunch of House members over the weekend, would you

471
00:24:24,560 --> 00:24:26,679
Speaker 8: vote to certify Donald Trump? And their answers, well, if

472
00:24:26,720 --> 00:24:28,320
Speaker 8: it's a fair election. You know, it depends on if

473
00:24:28,320 --> 00:24:30,480
Speaker 8: it's a fair election. I think that's the right answer

474
00:24:30,520 --> 00:24:33,600
Speaker 8: to give. I wouldn't read automatically, would draw a straight

475
00:24:33,640 --> 00:24:37,440
Speaker 8: line from those answers into say civil unrest. But look,

476
00:24:37,520 --> 00:24:39,320
Speaker 8: I hope it goes smoothly. I hope it was a

477
00:24:39,320 --> 00:24:42,080
Speaker 8: clear cut winner. I hope it's quick. I hope we

478
00:24:42,080 --> 00:24:44,480
Speaker 8: don't have to wait five days for Pennsylvania to count.

479
00:24:44,680 --> 00:24:47,720
Speaker 8: That's a self inflicted wound on the nation and inflicted

480
00:24:47,720 --> 00:24:50,320
Speaker 8: on us by Pennsylvania. And I just hope there is

481
00:24:51,040 --> 00:24:54,040
Speaker 8: whoever wins wins grace flu never loses, accepts the outcome.

482
00:24:55,720 --> 00:24:58,040
Speaker 2: You know, A shade away from what we're talking about here, Mike.

483
00:24:58,119 --> 00:25:02,040
Speaker 2: You might have seen this from Bruce Melman that was

484
00:25:02,080 --> 00:25:03,800
Speaker 2: making the rounds and in some of the tip sheets

485
00:25:03,800 --> 00:25:07,439
Speaker 2: this morning. It's titled the nine weeks slog and it

486
00:25:07,480 --> 00:25:11,320
Speaker 2: looks at what happens between the election and January sixth

487
00:25:11,720 --> 00:25:14,160
Speaker 2: Are you of the mind that this election has decided

488
00:25:14,200 --> 00:25:16,280
Speaker 2: before January fifth or after?

489
00:25:17,800 --> 00:25:17,960
Speaker 9: Oh?

490
00:25:18,040 --> 00:25:22,960
Speaker 8: I think I hope it's decided before that. I mean,

491
00:25:23,080 --> 00:25:25,720
Speaker 8: but we forget. We don't ballot box.

492
00:25:25,480 --> 00:25:29,240
Speaker 2: Or courthouse, I guess, is my question, Mick battle box.

493
00:25:29,280 --> 00:25:32,359
Speaker 8: Although I mean, look, in two thousand, it went forty

494
00:25:32,400 --> 00:25:35,399
Speaker 8: six days before we knew who was the president, and

495
00:25:35,640 --> 00:25:38,760
Speaker 8: the country managed to get through that. A draw some

496
00:25:38,800 --> 00:25:41,200
Speaker 8: conclusions that maybe that's where the country sort of started

497
00:25:41,240 --> 00:25:41,760
Speaker 8: to move apart.

498
00:25:41,960 --> 00:25:42,359
Speaker 9: I don't know.

499
00:25:42,680 --> 00:25:45,760
Speaker 8: It's a fascinating academic conversation. But look, I'm one of

500
00:25:45,800 --> 00:25:47,520
Speaker 8: the folks rooting, as I know a lot of folks

501
00:25:47,560 --> 00:25:53,119
Speaker 8: are for some clean cut decisions. Yes, no, Harris Trump whatever.

502
00:25:53,160 --> 00:25:55,440
Speaker 8: I'm obviously rooting for Donald Trump because I'm a Republican.

503
00:25:56,200 --> 00:25:59,080
Speaker 8: But I'd like to see some very clean elections, some

504
00:25:59,240 --> 00:26:02,320
Speaker 8: quick decision, and then whoever loses, say you know what,

505
00:26:02,440 --> 00:26:03,280
Speaker 8: I fought my best.

506
00:26:03,640 --> 00:26:04,800
Speaker 9: Uh, let's move on together.

507
00:26:06,600 --> 00:26:09,840
Speaker 6: And that's just the presidential race, of course, there's also

508
00:26:10,200 --> 00:26:12,600
Speaker 6: the balance of the House and Senate to consider as well.

509
00:26:12,640 --> 00:26:14,359
Speaker 6: Would you be feeling better right now, if you were

510
00:26:14,400 --> 00:26:16,000
Speaker 6: Mike Johnson or Hawckeing Jeffries.

511
00:26:16,880 --> 00:26:20,160
Speaker 9: Ah, that's a great question, Kaylee. I don't listen, you'd

512
00:26:20,200 --> 00:26:21,280
Speaker 9: never know. And here's why.

513
00:26:22,080 --> 00:26:25,120
Speaker 8: So many of those races, especially the close races, are local.

514
00:26:25,160 --> 00:26:28,160
Speaker 8: And I know that sounds sort of axiomatic and doesn't

515
00:26:28,440 --> 00:26:30,080
Speaker 8: you know, not very insightful, but.

516
00:26:30,080 --> 00:26:30,760
Speaker 9: It really is.

517
00:26:30,880 --> 00:26:33,679
Speaker 8: I remember talking to Kevin McCarthy, you know, before my

518
00:26:33,840 --> 00:26:36,200
Speaker 8: race in twenty ten. I didn't know Kevin very well.

519
00:26:36,359 --> 00:26:37,639
Speaker 8: He's like, well, it looks like it's gonna be a

520
00:26:37,680 --> 00:26:40,080
Speaker 8: nail miter, you know, because that's what everybody was telling him.

521
00:26:40,400 --> 00:26:42,920
Speaker 9: But we knew it was different down here.

522
00:26:43,280 --> 00:26:46,320
Speaker 8: Sometimes the folks who are down in the trenches in

523
00:26:46,359 --> 00:26:49,560
Speaker 8: those house races are gonna know more about their race

524
00:26:49,600 --> 00:26:52,080
Speaker 8: than anybody else. There's folks out there right now Republicans

525
00:26:52,320 --> 00:26:54,080
Speaker 8: who we think are going to win, who are.

526
00:26:53,920 --> 00:26:55,000
Speaker 9: Really really afraid.

527
00:26:55,119 --> 00:26:57,800
Speaker 8: Conversely, there's some Republicans out there who think there's Democrats

528
00:26:57,800 --> 00:27:00,639
Speaker 8: who think they're gonna win who probably won't.

529
00:27:00,640 --> 00:27:01,720
Speaker 9: That you just can't.

530
00:27:01,760 --> 00:27:04,960
Speaker 8: It doesn't filter up like the governor's races do, the

531
00:27:04,960 --> 00:27:07,159
Speaker 8: Senate races, and certainly the presidential race. So there was

532
00:27:07,200 --> 00:27:09,800
Speaker 8: going to be half a dozen or so surprises on

533
00:27:09,880 --> 00:27:12,000
Speaker 8: election night in the House, and.

534
00:27:11,960 --> 00:27:12,880
Speaker 9: I flip a coin.

535
00:27:13,200 --> 00:27:15,640
Speaker 8: The country is divided, just no question about it.

536
00:27:15,640 --> 00:27:17,920
Speaker 9: It's really really narrowly divided.

537
00:27:18,400 --> 00:27:21,120
Speaker 8: And that will be reflected obviously in the presidential race, but.

538
00:27:21,119 --> 00:27:22,280
Speaker 9: In those House races as well.

539
00:27:22,280 --> 00:27:25,919
Speaker 8: My guess is there's twenty two or three dozen races

540
00:27:25,920 --> 00:27:27,280
Speaker 8: decided by less than one point.

541
00:27:28,440 --> 00:27:30,840
Speaker 2: Pretty amazing to see what's happening on the Senate side too.

542
00:27:30,880 --> 00:27:32,760
Speaker 2: Before you join us, Mick, we were talking about these

543
00:27:32,840 --> 00:27:37,680
Speaker 2: changes reratings by Cook. Pennsylvania Senate goes from leans D

544
00:27:37,840 --> 00:27:41,920
Speaker 2: to toss up, Nebraska Senate goes from likely R to

545
00:27:42,200 --> 00:27:45,680
Speaker 2: leans ARE. And you wonder how much the ground will

546
00:27:45,680 --> 00:27:48,359
Speaker 2: be shifting under our feet between now and November fifth,

547
00:27:48,359 --> 00:27:50,280
Speaker 2: with only two weeks to go. Mick Malvaney, thank you

548
00:27:50,320 --> 00:27:53,160
Speaker 2: so much for joining us as always here on Balance

549
00:27:53,160 --> 00:27:57,160
Speaker 2: of Power. Former Congressman, founder of the Freedom Caucus, former

550
00:27:57,280 --> 00:28:03,199
Speaker 2: acting White House Chief of Staff.

551
00:28:03,240 --> 00:28:06,760
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

552
00:28:06,840 --> 00:28:09,879
Speaker 1: us live weekdays at noon Eastern on Appocarplay and then

553
00:28:09,960 --> 00:28:12,879
Speaker 1: Proud Oto with the Bloomberg Business app. Listen on demand

554
00:28:12,960 --> 00:28:19,040
Speaker 1: wherever you get your podcasts. Or watch us live on YouTube.

555
00:28:19,240 --> 00:28:21,320
Speaker 2: I don't know. This whole conversation just brings us back

556
00:28:21,320 --> 00:28:24,080
Speaker 2: to the fact that no matter what each campaign in

557
00:28:24,119 --> 00:28:26,600
Speaker 2: which each candidate try, this is still as high rates.

558
00:28:26,840 --> 00:28:29,600
Speaker 6: It absolutely is, as they try to vie not just

559
00:28:29,640 --> 00:28:33,720
Speaker 6: with media attention and celebrity, but with policy for voters votes.

560
00:28:33,760 --> 00:28:36,120
Speaker 6: And of course we've gotten a litany of policy proposals

561
00:28:36,160 --> 00:28:37,960
Speaker 6: from each of them. It's Donald Trump's though, we want

562
00:28:37,960 --> 00:28:39,920
Speaker 6: to take a close look at now, as there's a

563
00:28:39,920 --> 00:28:42,400
Speaker 6: new report from the Committee for a Responsible Federal Budget

564
00:28:42,400 --> 00:28:44,360
Speaker 6: that looks at the impact of some of these ideas

565
00:28:44,360 --> 00:28:48,400
Speaker 6: he's put forward, including no tax on Social Security benefits,

566
00:28:48,440 --> 00:28:51,960
Speaker 6: mass deportation of people not legally in the country, and

567
00:28:52,000 --> 00:28:54,480
Speaker 6: some other ideas that the Committee for a Responsible Federal

568
00:28:54,480 --> 00:28:58,680
Speaker 6: Budget finds today could increase Social Security's ten year cast

569
00:28:58,720 --> 00:29:03,360
Speaker 6: shortfall by two point three trillion dollars through twenty thirty five.

570
00:29:03,440 --> 00:29:08,600
Speaker 6: They are bringing up Joe by three years. They're insolvency

571
00:29:08,840 --> 00:29:12,360
Speaker 6: estimate from the fiscal year twenty thirty four to twenty

572
00:29:12,440 --> 00:29:15,440
Speaker 6: thirty one, just six years after the next president takes

573
00:29:15,480 --> 00:29:17,880
Speaker 6: office if these policies come to fruition.

574
00:29:17,760 --> 00:29:19,720
Speaker 2: So maybe we should be talking about this. Now the

575
00:29:19,800 --> 00:29:23,800
Speaker 2: candidates have not been the campaigns have pledged to keep

576
00:29:23,840 --> 00:29:25,920
Speaker 2: their hands off of this, going back to the old

577
00:29:25,960 --> 00:29:29,000
Speaker 2: Al Gore line about a lock box. And you wonder

578
00:29:29,080 --> 00:29:32,240
Speaker 2: if a report like this brings this conversation to the

579
00:29:32,280 --> 00:29:35,560
Speaker 2: four last time Miamiguinness's group came out with numbers, this

580
00:29:35,680 --> 00:29:38,480
Speaker 2: was on the tax proposals. Both campaigns were asked about

581
00:29:38,480 --> 00:29:42,200
Speaker 2: it repeatedly in high profile interview settings. And I dare say,

582
00:29:42,240 --> 00:29:44,000
Speaker 2: she's driving the conversation again.

583
00:29:44,320 --> 00:29:46,840
Speaker 6: Yep, and she's joining us now. Maya McGuinness is with us.

584
00:29:46,880 --> 00:29:50,400
Speaker 6: She's president, of course, with the Committee for Responsible Federal Budget. Maya.

585
00:29:50,680 --> 00:29:53,200
Speaker 6: It's a fascinating report. Can you just walk us through

586
00:29:53,200 --> 00:29:56,520
Speaker 6: specifically the policy ideas you are looking at here and

587
00:29:56,560 --> 00:30:00,640
Speaker 6: how they translate to a financially weaker America? Can social

588
00:30:00,720 --> 00:30:04,000
Speaker 6: security system? What is it exactly that would weaken it

589
00:30:04,160 --> 00:30:07,000
Speaker 6: so much knowing it was already on a path to insolvency.

590
00:30:07,960 --> 00:30:08,880
Speaker 10: Yeah, exactly.

591
00:30:09,680 --> 00:30:10,400
Speaker 9: So that's right.

592
00:30:10,440 --> 00:30:13,480
Speaker 10: The discussion about social security has been completely backwards, with

593
00:30:13,560 --> 00:30:17,880
Speaker 10: candidates promising not to fix a program that desperately needs

594
00:30:17,880 --> 00:30:20,200
Speaker 10: to be fixed. And as we've been analyzing all of

595
00:30:20,240 --> 00:30:22,680
Speaker 10: the policies of both candidates. We've been well aware of

596
00:30:22,880 --> 00:30:25,920
Speaker 10: the void of discussion on this important topic. But what

597
00:30:26,120 --> 00:30:28,280
Speaker 10: caught us by surprise is when we were going through

598
00:30:28,280 --> 00:30:32,440
Speaker 10: the policies, we did find that former Presidents Trump's policies,

599
00:30:32,800 --> 00:30:35,320
Speaker 10: many of them, would actually contribute, as you said, to

600
00:30:35,480 --> 00:30:40,480
Speaker 10: a significant deterioration in the program's finances. As you asked specifically,

601
00:30:41,440 --> 00:30:43,840
Speaker 10: there have been a lot of promises about cutting taxes

602
00:30:43,880 --> 00:30:48,320
Speaker 10: for certain groups. Cutting those Social Security benefit taxes means

603
00:30:48,320 --> 00:30:52,080
Speaker 10: that undermines a revenue stream that currently goes into the program.

604
00:30:52,280 --> 00:30:55,280
Speaker 10: You would lose about nine hundred and fifty billion dollars

605
00:30:55,320 --> 00:30:59,960
Speaker 10: by not taxing those benefits for seniors for Social Security. Likewise,

606
00:31:00,160 --> 00:31:03,520
Speaker 10: if you don't tax tips and you don't tax overtime,

607
00:31:03,880 --> 00:31:07,600
Speaker 10: that's another revenue stream that's going to finance the underfunded

608
00:31:07,640 --> 00:31:11,280
Speaker 10: program that would no longer exist. Cuts about nine hundred

609
00:31:11,360 --> 00:31:14,080
Speaker 10: billion dollars out of the program over the next decade.

610
00:31:14,280 --> 00:31:19,320
Speaker 10: And then, finally, the effects of getting rid of undocumented workers,

611
00:31:19,320 --> 00:31:24,240
Speaker 10: mass deportation and tariffs would actually have both potentially inflationary

612
00:31:24,240 --> 00:31:27,280
Speaker 10: effects on the economy, which means higher colas for seniors.

613
00:31:27,320 --> 00:31:30,160
Speaker 10: Because when there's inflation hurts many people. But seniors have

614
00:31:30,200 --> 00:31:33,160
Speaker 10: an automatic bump up in their soci security benefits and

615
00:31:33,200 --> 00:31:36,760
Speaker 10: it could reduce wages, both of which would cause further deterioration.

616
00:31:36,840 --> 00:31:39,719
Speaker 10: We find of about four hundred billion dollars and so,

617
00:31:39,800 --> 00:31:44,120
Speaker 10: like you said, this program headed towards insolvency within less

618
00:31:44,120 --> 00:31:48,240
Speaker 10: than a decade. Current seniors are supposed to are on

619
00:31:48,360 --> 00:31:51,160
Speaker 10: track to be getting twenty three percent across the board

620
00:31:51,200 --> 00:31:55,440
Speaker 10: benefit cuts, which is unconscionable, terrible policy. They need to

621
00:31:55,480 --> 00:31:58,040
Speaker 10: do something to fix it. And under these policies, we

622
00:31:58,120 --> 00:32:00,720
Speaker 10: find that those benefit reductions would actually move up to

623
00:32:00,760 --> 00:32:04,200
Speaker 10: thirty three percent across the board benefit cuts. We need

624
00:32:04,240 --> 00:32:06,720
Speaker 10: all candidates talking about how to fix the program. We

625
00:32:06,920 --> 00:32:08,719
Speaker 10: don't need policy to make it worse.

626
00:32:09,600 --> 00:32:11,959
Speaker 2: Well, so how do we figure, Maya, and you've been

627
00:32:12,000 --> 00:32:14,960
Speaker 2: in Washington for a minute. How come no one wants

628
00:32:15,000 --> 00:32:17,200
Speaker 2: to talk about it? This is a hands off for

629
00:32:17,320 --> 00:32:20,680
Speaker 2: both campaigns. That goes for Joe Biden back when he

630
00:32:20,800 --> 00:32:23,280
Speaker 2: was running and I guess still as president of the

631
00:32:23,360 --> 00:32:25,840
Speaker 2: United States. This has been in a lock box since

632
00:32:25,920 --> 00:32:29,040
Speaker 2: Al Gore talked about it a whole bunch of years ago.

633
00:32:29,480 --> 00:32:32,800
Speaker 2: Why won't anyone raise their hand? Knowing how many people

634
00:32:32,920 --> 00:32:35,479
Speaker 2: this impacts. This would be a good political issue, wouldn't it.

635
00:32:36,720 --> 00:32:39,520
Speaker 10: Yeah, it's become a pretzel of a narrative where everybody's

636
00:32:39,560 --> 00:32:42,520
Speaker 10: talking about a backwards as though protecting the program means

637
00:32:42,560 --> 00:32:46,600
Speaker 10: doing nothing, when clearly protecting the program means doing something.

638
00:32:47,040 --> 00:32:50,760
Speaker 10: We can't be saying to today's seniors. The current plan

639
00:32:51,120 --> 00:32:53,680
Speaker 10: right now is you are heading for a benefit cut

640
00:32:53,720 --> 00:32:59,400
Speaker 10: of about sixteen thousand dollars per year when policymakers promise

641
00:32:59,480 --> 00:33:02,080
Speaker 10: not to do any to fix the program. But I

642
00:33:02,160 --> 00:33:05,640
Speaker 10: happened here for a long time, and we do know that, unfortunately,

643
00:33:05,880 --> 00:33:09,800
Speaker 10: reasonable fiscal policy can be very bad politics. Right now,

644
00:33:09,840 --> 00:33:12,640
Speaker 10: we have candidates on both sides promising not to fix

645
00:33:12,680 --> 00:33:16,080
Speaker 10: Social Security, not to touch these programs, and not to

646
00:33:16,160 --> 00:33:18,200
Speaker 10: raise taxes, both of which are going to have to

647
00:33:18,240 --> 00:33:21,200
Speaker 10: be part of an overall plan to address the fiscal situation.

648
00:33:21,440 --> 00:33:25,120
Speaker 10: So good fiscal policy not always good politics. That's a

649
00:33:25,160 --> 00:33:27,960
Speaker 10: real problem for the issue. And as long as pantering

650
00:33:27,960 --> 00:33:30,840
Speaker 10: on this issue and promising not to touch benefits when

651
00:33:30,840 --> 00:33:33,360
Speaker 10: they actually benefits or revenues when they need to be

652
00:33:33,520 --> 00:33:37,200
Speaker 10: changed to fix the program is it's doing a huge

653
00:33:37,240 --> 00:33:40,360
Speaker 10: disservice to seniors. Frankly, I sort of. I'm surprised the

654
00:33:40,600 --> 00:33:43,640
Speaker 10: ARP isn't out there saying to everybody, where's your plan?

655
00:33:43,920 --> 00:33:46,000
Speaker 10: You need to have a plan to fix this program.

656
00:33:47,760 --> 00:33:50,800
Speaker 6: Well, so on the idea of neither candidate having a

657
00:33:50,840 --> 00:33:54,160
Speaker 6: plan on this specific issue, we do have an understanding,

658
00:33:54,200 --> 00:33:56,520
Speaker 6: as we were mentioning with Donald Trump, but for Kamala

659
00:33:56,560 --> 00:33:59,000
Speaker 6: Harris as well, of what some of their other plans are.

660
00:33:59,040 --> 00:34:00,960
Speaker 6: Do we have a sense of how the vice president's

661
00:34:01,040 --> 00:34:04,200
Speaker 6: policy proposals would impact Social Security?

662
00:34:04,360 --> 00:34:04,600
Speaker 5: Is it?

663
00:34:04,760 --> 00:34:06,680
Speaker 6: Are we looking at the same kind of time frame

664
00:34:07,160 --> 00:34:11,520
Speaker 6: for insol or insolvency, or is she not not as

665
00:34:12,280 --> 00:34:14,040
Speaker 6: debilitating potentially to the program?

666
00:34:14,239 --> 00:34:18,279
Speaker 10: So these other ideas, Yeah, exactly, she fails completely to

667
00:34:18,280 --> 00:34:20,680
Speaker 10: put out a plan to address the program, but the

668
00:34:20,719 --> 00:34:22,920
Speaker 10: policies that she does have that would affect the payroll

669
00:34:23,000 --> 00:34:25,520
Speaker 10: tax or Social Security kind of net out to zero.

670
00:34:25,640 --> 00:34:28,319
Speaker 10: So it's neutral. It's where the plan the program already is.

671
00:34:28,760 --> 00:34:32,080
Speaker 10: Let me say over and over again, though that is unacceptable.

672
00:34:32,400 --> 00:34:35,319
Speaker 10: You cannot be saying to current retirees and people who

673
00:34:35,320 --> 00:34:38,080
Speaker 10: are about to retire that they are a part of

674
00:34:38,120 --> 00:34:41,520
Speaker 10: a program that is headed towards insolvency, and the bosses

675
00:34:41,520 --> 00:34:45,120
Speaker 10: of those programs the lawmakers of this country are promising

676
00:34:45,360 --> 00:34:47,680
Speaker 10: not to do anything to fix it. They are trying

677
00:34:47,719 --> 00:34:50,359
Speaker 10: to wait until the last minute. I don't know why

678
00:34:50,440 --> 00:34:52,920
Speaker 10: anyone thinks that's a good plan. It's going to hurt

679
00:34:53,120 --> 00:34:57,080
Speaker 10: seniors and taxpayers more. It's going to leave fewer revenues

680
00:34:57,120 --> 00:34:59,680
Speaker 10: for other important priorities in the budget. It's going to

681
00:34:59,719 --> 00:35:03,080
Speaker 10: create chaos and uncertainty in a program for retirement where

682
00:35:03,080 --> 00:35:06,640
Speaker 10: you need certainty. And it's just frankly like we aren't

683
00:35:06,680 --> 00:35:08,719
Speaker 10: governing well at this point where they are taking the

684
00:35:08,800 --> 00:35:11,319
Speaker 10: easy way out instead of saying the trustees tell us

685
00:35:11,400 --> 00:35:14,800
Speaker 10: every single year in their annual report, with basic certainty,

686
00:35:14,920 --> 00:35:16,840
Speaker 10: we are going to have to make changes to avoid

687
00:35:16,880 --> 00:35:19,239
Speaker 10: these across the board benefit cuts. Let's get to it.

688
00:35:19,320 --> 00:35:22,080
Speaker 10: We've known about it for years and decades, and you know,

689
00:35:22,080 --> 00:35:25,840
Speaker 10: it's a presidential campaign. That's what leadership is. It's leveling

690
00:35:25,840 --> 00:35:28,600
Speaker 10: with the country, including about difficult choices that we have

691
00:35:28,680 --> 00:35:30,960
Speaker 10: to make, and talking about their plan to address it.

692
00:35:31,000 --> 00:35:32,840
Speaker 10: And we're just not hearing that from any of the

693
00:35:32,840 --> 00:35:34,360
Speaker 10: presidential candidates.

694
00:35:34,880 --> 00:35:36,480
Speaker 2: Well, god knows, we like to wait till the last

695
00:35:36,480 --> 00:35:38,480
Speaker 2: minute on everything around here in Washington.

696
00:35:38,719 --> 00:35:39,000
Speaker 9: Maya.

697
00:35:39,120 --> 00:35:42,000
Speaker 2: I wonder how often in the history of the Committee

698
00:35:42,000 --> 00:35:45,239
Speaker 2: for a Responsible Federal Budget. Have you found that the

699
00:35:45,320 --> 00:35:49,960
Speaker 2: Republican candidate adds more to debt and deficit than the

700
00:35:50,040 --> 00:35:53,279
Speaker 2: spending happy Democrat. Is this a first.

701
00:35:55,920 --> 00:36:00,680
Speaker 10: Well, when President Trump ran previously, it in our scores,

702
00:36:00,680 --> 00:36:02,480
Speaker 10: we found that he would add much more.

703
00:36:02,400 --> 00:36:04,760
Speaker 2: To the overall Okay, so not named Trump.

704
00:36:06,840 --> 00:36:07,759
Speaker 9: It used to be.

705
00:36:08,320 --> 00:36:12,720
Speaker 10: Prior to those races. Actually, the candidates were almost exactly equal,

706
00:36:12,840 --> 00:36:14,759
Speaker 10: like just to tens of billions of difference and how

707
00:36:14,800 --> 00:36:17,040
Speaker 10: much they would affect the national debt through very different

708
00:36:17,120 --> 00:36:20,440
Speaker 10: kinds of policies. You'll remember in the past, Republicans tended

709
00:36:20,480 --> 00:36:24,799
Speaker 10: to cut taxes, Democrats tended to raise spending. You're now

710
00:36:24,840 --> 00:36:28,200
Speaker 10: seeing e merging of both, where Republicans also raise spending

711
00:36:28,239 --> 00:36:32,400
Speaker 10: and Democrats also cut taxes. So both candidate's proposals are

712
00:36:32,520 --> 00:36:35,120
Speaker 10: much much worse than we've seen in the past, and

713
00:36:35,200 --> 00:36:37,880
Speaker 10: in this situation, we've certainly seen the President Trump's with

714
00:36:37,920 --> 00:36:40,759
Speaker 10: its effect on social Security and the overall debt is

715
00:36:40,880 --> 00:36:44,000
Speaker 10: larger than we're seeing from from Vice President Harris.

716
00:36:44,080 --> 00:36:48,160
Speaker 2: Yeah, prepared to hear both candidates forced to respond to

717
00:36:48,200 --> 00:36:50,479
Speaker 2: this research, Maya, I'm so sorry we're out of time,

718
00:36:50,760 --> 00:36:52,480
Speaker 2: come back and see us soon. Send us what you

719
00:36:52,520 --> 00:36:54,800
Speaker 2: wanted to say. Well, let the audience know Miam Againness

720
00:36:54,840 --> 00:36:57,799
Speaker 2: Committee for a Responsible Federal Budget. Of course she's the

721
00:36:57,800 --> 00:37:00,440
Speaker 2: president there. And Kayley, this is the first time we're

722
00:37:00,440 --> 00:37:01,919
Speaker 2: hearing about this, not the last time.

723
00:37:02,239 --> 00:37:02,879
Speaker 4: Absolutely.

724
00:37:03,120 --> 00:37:05,759
Speaker 6: Remember there's town halls happening for the candidates this week.

725
00:37:05,800 --> 00:37:08,000
Speaker 6: They could face some tough questions about this, and course

726
00:37:08,040 --> 00:37:10,799
Speaker 6: will continue to have full coverage here on Bloomberg TV

727
00:37:11,280 --> 00:37:11,799
Speaker 6: and radio.

728
00:37:15,160 --> 00:37:18,480
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Can

729
00:37:18,680 --> 00:37:21,600
Speaker 1: just live weekdays at noon Eastern on Apple CarPlay and

730
00:37:21,680 --> 00:37:24,399
Speaker 1: enroud Oro with the Bloomberg Business app. You can also

731
00:37:24,480 --> 00:37:27,959
Speaker 1: listen live on Amazon Alexa from our flagship New York station,

732
00:37:28,360 --> 00:37:33,960
Speaker 1: Just say Alexa play Bloomberg eleven thirty.

733
00:37:33,280 --> 00:37:35,040
Speaker 2: Thanks for being with us year. On the Monday edition

734
00:37:35,080 --> 00:37:39,120
Speaker 2: of Balance of Power, Ed McMahon has been dead for

735
00:37:39,160 --> 00:37:41,920
Speaker 2: fifteen years. I just had to check. Can you believe

736
00:37:41,960 --> 00:37:44,360
Speaker 2: that was two thousand and nine. If you don't know

737
00:37:44,480 --> 00:37:47,920
Speaker 2: Ed McMahon, ask your parents because I figure if he

738
00:37:48,040 --> 00:37:50,920
Speaker 2: was still with us, he could be playing an important

739
00:37:51,000 --> 00:37:53,680
Speaker 2: role for the Trump campaign right now. Did you see

740
00:37:53,680 --> 00:37:56,600
Speaker 2: Elon Musk with the big check the big cardboard check

741
00:37:56,920 --> 00:37:59,040
Speaker 2: on stage over the weekend, he's given away a million

742
00:37:59,080 --> 00:38:03,160
Speaker 2: dollars a day. Imagine Ed McMahon with the big check

743
00:38:03,200 --> 00:38:07,880
Speaker 2: in the balloons, knocking on your door, the publisher's clearing house.

744
00:38:08,400 --> 00:38:11,040
Speaker 2: That was the American dream. Wasn't it a little bit

745
00:38:11,040 --> 00:38:13,000
Speaker 2: different this time? Did you used to put in for

746
00:38:13,040 --> 00:38:15,840
Speaker 2: the publisher's clearinghouse. You get all the magazines thinking he

747
00:38:15,960 --> 00:38:18,239
Speaker 2: might win some money. Now you're registered to vote, I guess,

748
00:38:18,320 --> 00:38:21,520
Speaker 2: or sign a petition. Elon Musk making big news a

749
00:38:21,600 --> 00:38:24,240
Speaker 2: million bucks a day he's going to give away between

750
00:38:24,239 --> 00:38:27,520
Speaker 2: now and the election if you sign the petition. People said, wait,

751
00:38:27,520 --> 00:38:31,040
Speaker 2: that's not legal until they read the fine print here

752
00:38:31,040 --> 00:38:34,120
Speaker 2: it's basically a sweepstakes. So what keeps, by the way,

753
00:38:34,160 --> 00:38:37,520
Speaker 2: all the Harris supporters from trying to get a million

754
00:38:37,560 --> 00:38:39,839
Speaker 2: dollars a day? Maybe they don't want to give up

755
00:38:39,840 --> 00:38:43,040
Speaker 2: their cell phone number. I digress. The fact of the

756
00:38:43,080 --> 00:38:47,360
Speaker 2: matter is it's coming down to a jump ball election.

757
00:38:47,960 --> 00:38:51,760
Speaker 2: As Josh Wingrove put it here earlier, who scores last,

758
00:38:52,280 --> 00:38:56,760
Speaker 2: and that of course means who turns out the voters most.

759
00:38:57,239 --> 00:38:59,800
Speaker 2: The news today, the polling from the Washington Post is

760
00:39:00,000 --> 00:39:03,400
Speaker 2: remarkable it's tied, not even a statistical tie, it's a

761
00:39:03,440 --> 00:39:06,919
Speaker 2: tie tie. He gets forty seven, she gets forty seven.

762
00:39:06,960 --> 00:39:10,040
Speaker 2: And that's a poll of the Swing States. Speaking over

763
00:39:10,080 --> 00:39:13,080
Speaker 2: the weekend on Sunday Morning television, one of Kamala Harris's

764
00:39:13,160 --> 00:39:17,160
Speaker 2: chief surrogates in the Swing States, the governor of Wisconsin,

765
00:39:18,400 --> 00:39:22,839
Speaker 2: Tony Evers, talking on ABC this Week about the ground game.

766
00:39:22,920 --> 00:39:23,440
Speaker 2: Let's listen.

767
00:39:24,040 --> 00:39:26,560
Speaker 11: There are people that Frank Ray, don't follow this on

768
00:39:26,600 --> 00:39:30,280
Speaker 11: a daily basis. There's people that don't follow the polls.

769
00:39:30,600 --> 00:39:34,319
Speaker 11: There's people that just don't you know, they go to work,

770
00:39:34,440 --> 00:39:36,919
Speaker 11: they got kids at home, they do through their job

771
00:39:36,960 --> 00:39:39,600
Speaker 11: with their kids, and yet up the next day these

772
00:39:39,640 --> 00:39:42,279
Speaker 11: poles look at a small number. I know, I know

773
00:39:42,360 --> 00:39:45,200
Speaker 11: it's a science, but at the end of the day,

774
00:39:45,320 --> 00:39:47,440
Speaker 11: I run and the people all the time that just

775
00:39:47,520 --> 00:39:51,520
Speaker 11: having been no thought, and so we're going to help them.

776
00:39:51,640 --> 00:39:54,359
Speaker 2: They like the three amigos now Evers, Whitmer, Shapiro. They

777
00:39:54,360 --> 00:39:57,319
Speaker 2: sat for a three way interview. They also sat down

778
00:39:57,840 --> 00:40:01,520
Speaker 2: with Bloomberg, spoke with the afore mentioned Josh Wingrove, who

779
00:40:01,600 --> 00:40:03,960
Speaker 2: hit the trail with all three. It's where we start

780
00:40:03,960 --> 00:40:06,839
Speaker 2: our conversation with our panel. Let's get them together. Our

781
00:40:06,880 --> 00:40:10,480
Speaker 2: signature panel is back on this Monday. Rick Davis and

782
00:40:10,680 --> 00:40:15,240
Speaker 2: Jennie Schanzino Bloomberg Politics contributors. She, of course, is political

783
00:40:15,239 --> 00:40:18,760
Speaker 2: science professor at Iona University. Ricks partner at stone Court Capital.

784
00:40:18,760 --> 00:40:21,040
Speaker 2: It's great to see both of you, Rick in the

785
00:40:21,080 --> 00:40:24,480
Speaker 2: final stages here, welcome back. What are you doing as

786
00:40:24,480 --> 00:40:27,400
Speaker 2: a campaign manager with two weeks left? Early voting is

787
00:40:27,480 --> 00:40:30,160
Speaker 2: underway and you need to get people off the couch

788
00:40:30,239 --> 00:40:33,279
Speaker 2: who maybe have never voted before. It's that close. How

789
00:40:33,280 --> 00:40:34,320
Speaker 2: do you spend your time?

790
00:40:35,520 --> 00:40:38,280
Speaker 12: Yeah, there are really two things that are still moving.

791
00:40:39,440 --> 00:40:43,720
Speaker 12: One is the schedule, so getting the final tour set

792
00:40:44,840 --> 00:40:47,360
Speaker 12: and all the activity that goes around that, which is

793
00:40:47,400 --> 00:40:51,240
Speaker 12: not insignificant. And then secondly, which is actually more important,

794
00:40:51,600 --> 00:40:54,839
Speaker 12: is pumping every extra dollar you having to get out

795
00:40:54,840 --> 00:40:58,240
Speaker 12: the vote and monitoring those and checking them against historical

796
00:40:58,280 --> 00:41:03,680
Speaker 12: averages or current registration lists. So it's really just pouring

797
00:41:03,800 --> 00:41:09,200
Speaker 12: over slates of numbers constantly throughout the day and redirecting

798
00:41:09,200 --> 00:41:14,960
Speaker 12: your efforts to fill vacancies to make sure that the

799
00:41:15,120 --> 00:41:18,160
Speaker 12: precincts that matter the most are getting the attention. And

800
00:41:18,200 --> 00:41:22,200
Speaker 12: so the TV's all bought, the ads are all made.

801
00:41:22,960 --> 00:41:26,680
Speaker 12: Things that people see as a campaign are pretty much done.

802
00:41:27,600 --> 00:41:29,879
Speaker 12: Highly unlikely there's going to be a killer ad that's

803
00:41:29,880 --> 00:41:32,040
Speaker 12: produced and put up in the last two weeks of

804
00:41:32,080 --> 00:41:35,239
Speaker 12: the election. So it's all about the ground game and

805
00:41:36,239 --> 00:41:39,280
Speaker 12: making sure that you're not missing something like Hillary missed

806
00:41:39,360 --> 00:41:42,719
Speaker 12: the entire state of Michigan in sixteen. That may be

807
00:41:43,080 --> 00:41:47,600
Speaker 12: the biggest historic miss in history. But mostly it's making

808
00:41:47,640 --> 00:41:50,760
Speaker 12: sure that precincts you're dependent upon are hitting a certain

809
00:41:51,760 --> 00:41:55,080
Speaker 12: turnout level that you have estimated will give you a victory.

810
00:41:56,400 --> 00:41:59,600
Speaker 2: It's pretty fascinating stuff, Genie, what Tony Evers said there,

811
00:42:00,200 --> 00:42:03,040
Speaker 2: These are people that don't follow the polls, right, They

812
00:42:03,040 --> 00:42:05,600
Speaker 2: don't follow this on a daily basis the way we do.

813
00:42:05,719 --> 00:42:08,600
Speaker 2: We're weird. They were not normal. He didn't say that.

814
00:42:08,640 --> 00:42:11,600
Speaker 2: I did. They've got kids at home, they do time

815
00:42:11,640 --> 00:42:14,000
Speaker 2: with their kids. Geenie, how do you find them? How

816
00:42:14,000 --> 00:42:16,400
Speaker 2: do you talk to them in their homes in the

817
00:42:16,400 --> 00:42:18,280
Speaker 2: next two weeks?

818
00:42:18,360 --> 00:42:21,279
Speaker 7: Yeah, they have lives, Joe, unlike you, and I just

819
00:42:21,400 --> 00:42:23,880
Speaker 7: pictured you all week and Joe and you haven't mentioned

820
00:42:23,880 --> 00:42:28,160
Speaker 7: it yet. But watching that McDonald's clip that was you know,

821
00:42:28,400 --> 00:42:34,439
Speaker 7: five minutes. Yeah, it's precious. I mean, it's fifty five

822
00:42:34,480 --> 00:42:36,560
Speaker 7: minutes of trolling, and I have to say it was

823
00:42:36,640 --> 00:42:40,120
Speaker 7: pretty good. You know, how you reach them is just

824
00:42:40,160 --> 00:42:42,160
Speaker 7: the way that Rick was talking about. And I think

825
00:42:42,160 --> 00:42:45,080
Speaker 7: that's why getting those governors out on the ground in

826
00:42:45,160 --> 00:42:48,480
Speaker 7: those blue states, the blue wall as we call it,

827
00:42:48,520 --> 00:42:52,560
Speaker 7: is so important. You know, one sort of underdiscussed aspect

828
00:42:52,680 --> 00:42:55,680
Speaker 7: of these seven swing states is five of the seven

829
00:42:56,040 --> 00:42:59,040
Speaker 7: have democratic governors. And you know, there was a long

830
00:42:59,080 --> 00:43:03,200
Speaker 7: time when for Crats, rightly, they bemoaned the fact that

831
00:43:03,320 --> 00:43:05,640
Speaker 7: many leaders at the state and local level for a

832
00:43:05,680 --> 00:43:08,600
Speaker 7: long time in the US have been on the Republican side.

833
00:43:08,800 --> 00:43:12,319
Speaker 7: We're seeing that change, and I think it can't you know,

834
00:43:12,600 --> 00:43:16,879
Speaker 7: underestimate how important our local and state officials are in

835
00:43:16,920 --> 00:43:19,760
Speaker 7: things like the ground game, getting people out to vote,

836
00:43:19,880 --> 00:43:23,319
Speaker 7: energizing folks, so all of that critically important, which is

837
00:43:23,400 --> 00:43:26,840
Speaker 7: why you know Donald Trump is lately trying to you know,

838
00:43:26,960 --> 00:43:29,440
Speaker 7: make up with Kemp, and I guess they have. But

839
00:43:29,520 --> 00:43:32,520
Speaker 7: that's why you never want to sort of, you know,

840
00:43:33,160 --> 00:43:36,040
Speaker 7: have a you know, some kind of riff with those

841
00:43:36,040 --> 00:43:38,520
Speaker 7: folks on the ground because they matter an awful lot.

842
00:43:39,680 --> 00:43:42,520
Speaker 2: Well, they absolutely do. Rick, does it help to be

843
00:43:42,560 --> 00:43:45,040
Speaker 2: putting on the McDonald's apron and doing that stunt that

844
00:43:45,080 --> 00:43:47,239
Speaker 2: Donald Trump did yesterday. By the way, the answer may

845
00:43:47,280 --> 00:43:50,239
Speaker 2: well be yes. A lot of people ran images of

846
00:43:50,320 --> 00:43:53,600
Speaker 2: him behind the friolator and handing out bags of food

847
00:43:53,640 --> 00:43:55,239
Speaker 2: to people in their cars, but of course we know

848
00:43:55,320 --> 00:43:58,000
Speaker 2: they closed the restaurant that day and he was actually

849
00:43:58,080 --> 00:43:59,640
Speaker 2: doing the job for less than five minutes.

850
00:44:01,080 --> 00:44:04,279
Speaker 12: Yeah, I look, I thought the imagery was terrific. I mean,

851
00:44:04,320 --> 00:44:05,759
Speaker 12: there were a lot of ups and downs with his

852
00:44:05,800 --> 00:44:09,000
Speaker 12: campaign over the weekend, but uh, it wasn't because he

853
00:44:09,040 --> 00:44:12,160
Speaker 12: went to the McDonald's one. It's authentic, right. The guy

854
00:44:12,239 --> 00:44:16,840
Speaker 12: eats more McDonald's and probably any other elective official in history. Uh, so,

855
00:44:16,840 --> 00:44:19,600
Speaker 12: so there's a there's He actually knows the routine pretty

856
00:44:19,600 --> 00:44:21,879
Speaker 12: well and it wouldn't surprise me. It's not his first

857
00:44:21,920 --> 00:44:24,719
Speaker 12: time behind the counter in a McDonald's.

858
00:44:25,040 --> 00:44:25,279
Speaker 1: Uh.

859
00:44:25,520 --> 00:44:29,080
Speaker 12: The reality is, uh, these these the pictures are worth

860
00:44:29,239 --> 00:44:32,480
Speaker 12: much more than the event itself. And so kudos to

861
00:44:32,520 --> 00:44:34,960
Speaker 12: the campaign for putting him in a place you know,

862
00:44:35,600 --> 00:44:39,080
Speaker 12: really well well done, had the whole apron going, had

863
00:44:39,120 --> 00:44:42,160
Speaker 12: the fry in his hand, uh and uh and you

864
00:44:42,160 --> 00:44:43,680
Speaker 12: know they got him out of there without a whole

865
00:44:43,680 --> 00:44:45,960
Speaker 12: lot of grease and his fingers and and and and

866
00:44:46,480 --> 00:44:50,800
Speaker 12: too many big max getting eaten. So uh yeah, these

867
00:44:51,280 --> 00:44:54,160
Speaker 12: that was a good weekend shot for them. And this

868
00:44:54,200 --> 00:44:57,480
Speaker 12: is one thing they've always done pretty well is put him,

869
00:44:57,800 --> 00:45:02,640
Speaker 12: uh Donald Trump in a humanized saying location. It's separate

870
00:45:02,719 --> 00:45:05,560
Speaker 12: from the big rallies that were all used to. They're

871
00:45:05,600 --> 00:45:09,480
Speaker 12: pretty good at these these kind of OTAs, off the

872
00:45:09,520 --> 00:45:10,520
Speaker 12: record type events.

873
00:45:12,560 --> 00:45:15,080
Speaker 2: People watching on YouTube, you're actually seeing Donald Trump in

874
00:45:15,120 --> 00:45:17,919
Speaker 2: action behind the Frio lator. He did that for five minutes,

875
00:45:17,960 --> 00:45:19,959
Speaker 2: and he spent about fifteen minutes at the drive through.

876
00:45:20,880 --> 00:45:22,960
Speaker 2: All right, Genie, you know you pulled me into this

877
00:45:23,360 --> 00:45:25,120
Speaker 2: because you know, I don't like to talk about it.

878
00:45:25,840 --> 00:45:28,239
Speaker 2: No one ordered, they didn't get to order. That's just

879
00:45:28,320 --> 00:45:31,040
Speaker 2: very funny to me. They said they were pre selected people.

880
00:45:31,440 --> 00:45:33,360
Speaker 2: They pull up and these are Trump supporters, I guess,

881
00:45:33,360 --> 00:45:35,400
Speaker 2: pre selected by the Secret Service. Pull up to the

882
00:45:35,440 --> 00:45:37,879
Speaker 2: window and he gives you a bag of something. You're

883
00:45:37,920 --> 00:45:41,920
Speaker 2: not really sure what's in it. But so Kamala Harris

884
00:45:41,960 --> 00:45:44,040
Speaker 2: has been invited to do the same, I'm told or

885
00:45:44,080 --> 00:45:47,200
Speaker 2: I read by this franchise owner, Genie. And part of

886
00:45:47,200 --> 00:45:49,800
Speaker 2: the point here is Donald Trump doesn't believe Kamala Harris

887
00:45:50,080 --> 00:45:52,560
Speaker 2: worked at a McDonald's. He said this again to the

888
00:45:52,560 --> 00:45:54,759
Speaker 2: reporters who were there, that he worked fifteen minutes more

889
00:45:54,760 --> 00:45:58,200
Speaker 2: than Kamala Harris did. Does she need to produce a

890
00:45:58,200 --> 00:46:00,520
Speaker 2: photograph or something here? She says she worked at a

891
00:46:00,560 --> 00:46:03,759
Speaker 2: McDonald's in Alameda, California, in nineteen eighty three during the

892
00:46:03,800 --> 00:46:08,520
Speaker 2: summer freshman year Howard University. I spent the summer working

893
00:46:08,520 --> 00:46:12,360
Speaker 2: in the fredol A shipping department. Genie, my hair still

894
00:46:12,360 --> 00:46:16,040
Speaker 2: smells like grease. I don't have a photograph. I actually

895
00:46:16,120 --> 00:46:18,719
Speaker 2: went back to look. I thought, is it possible, this

896
00:46:18,800 --> 00:46:22,480
Speaker 2: is before cell phones. Is it entirely possible that no

897
00:46:22,560 --> 00:46:24,200
Speaker 2: such a photo exists?

898
00:46:24,640 --> 00:46:25,160
Speaker 9: Number one?

899
00:46:25,320 --> 00:46:28,920
Speaker 2: And should she take the invite and go to McDonald's.

900
00:46:30,239 --> 00:46:32,440
Speaker 7: Well, Joe, I have to agree with you. The kids

901
00:46:32,440 --> 00:46:34,719
Speaker 7: today can't believe it. But like when I worked at

902
00:46:34,800 --> 00:46:39,480
Speaker 7: Friendly's back in the day, and you're New England, yes,

903
00:46:39,560 --> 00:46:41,839
Speaker 7: you know I worked at several Friendlies in fact, and

904
00:46:42,520 --> 00:46:44,680
Speaker 7: you know I don't have any photographs of me in

905
00:46:44,719 --> 00:46:48,319
Speaker 7: that uniform. And so she may not have photographs. She

906
00:46:48,360 --> 00:46:51,560
Speaker 7: does have friends who attest to the fact she worked there.

907
00:46:51,760 --> 00:46:54,960
Speaker 7: I think she can very well go to the McDonald's.

908
00:46:54,960 --> 00:46:57,600
Speaker 7: But I think what the campaign on the Kamala Harris

909
00:46:57,640 --> 00:47:00,960
Speaker 7: side is trying to do is to try to point

910
00:47:01,000 --> 00:47:05,480
Speaker 7: to Donald Trump and what they describe as unhinged behavior.

911
00:47:05,800 --> 00:47:08,840
Speaker 7: And over the weekend and over the last week, he

912
00:47:08,960 --> 00:47:11,520
Speaker 7: has given them a lot to work with. And you know,

913
00:47:11,840 --> 00:47:13,959
Speaker 7: one of the things we've talked about a long time

914
00:47:14,040 --> 00:47:17,320
Speaker 7: now for this election is whoever this election about is about,

915
00:47:17,680 --> 00:47:21,000
Speaker 7: and whoever this election is a referendum on may very

916
00:47:21,040 --> 00:47:24,200
Speaker 7: well will well lose. And Donald Trump, since he can't

917
00:47:24,560 --> 00:47:29,080
Speaker 7: keep his focus on, say, Kamala Harris's you know, twenty

918
00:47:29,239 --> 00:47:35,279
Speaker 7: nineteen policy prescriptions or policies themselves, keep saying things and

919
00:47:35,320 --> 00:47:37,680
Speaker 7: we heard a bevy of them over the weekend that

920
00:47:37,840 --> 00:47:40,319
Speaker 7: do make him look unfit to be president. And so

921
00:47:40,480 --> 00:47:43,360
Speaker 7: that's what they are focusing on as we move to

922
00:47:43,400 --> 00:47:46,800
Speaker 7: this closing And of course they're also bringing out Republicans

923
00:47:46,800 --> 00:47:50,000
Speaker 7: who say, I don't agree with Kamala Harris on any issue,

924
00:47:50,200 --> 00:47:52,440
Speaker 7: but I agree with her on this. The man who's

925
00:47:52,480 --> 00:47:55,280
Speaker 7: talking about Arnold Palmer in this way cannot be president

926
00:47:55,320 --> 00:47:58,000
Speaker 7: of the United States. And that is an important closing

927
00:47:58,040 --> 00:48:01,120
Speaker 7: point because some of the data shows for INDECE that

928
00:48:01,320 --> 00:48:02,759
Speaker 7: does move the needle a bit.

929
00:48:04,400 --> 00:48:06,200
Speaker 2: Yeah, I don't even know what to say about that one.

930
00:48:06,200 --> 00:48:08,480
Speaker 2: I And we're going to spend a little more time

931
00:48:08,800 --> 00:48:11,000
Speaker 2: on some of the language that was used over the

932
00:48:11,000 --> 00:48:13,120
Speaker 2: weekend with our panel in the next hour. By the way,

933
00:48:13,160 --> 00:48:15,560
Speaker 2: friendlies is still around, Genie. That looks like they've got

934
00:48:15,600 --> 00:48:17,799
Speaker 2: a lot of them left, and so is to my

935
00:48:17,960 --> 00:48:21,120
Speaker 2: just learning now the publisher's clearing house. It's pch dot com.

936
00:48:21,120 --> 00:48:23,640
Speaker 2: Who knows these things never go away? Rick, you talked

937
00:48:23,640 --> 00:48:28,680
Speaker 2: about authenticity Donald Trump, not necessarily in the cosplay at McDonald's,

938
00:48:28,920 --> 00:48:34,560
Speaker 2: but wearingly apron with credibility. Would Kamala Harris draw the

939
00:48:34,640 --> 00:48:37,120
Speaker 2: same image and response from you if she took them

940
00:48:37,200 --> 00:48:40,319
Speaker 2: up on their invite? You know, I don't know.

941
00:48:40,400 --> 00:48:42,480
Speaker 12: I mean, you know, you hate to do the copycat thing.

942
00:48:43,719 --> 00:48:46,920
Speaker 12: I honestly think it would be much more effective, you know,

943
00:48:47,040 --> 00:48:51,520
Speaker 12: showing up in Philadelphia grabbing a steak and cheese. I mean,

944
00:48:51,520 --> 00:48:53,920
Speaker 12: I think these are the things that would suit her

945
00:48:54,080 --> 00:48:56,799
Speaker 12: much better and be in a place that's you know,

946
00:48:57,280 --> 00:49:01,239
Speaker 12: more likely to make her seem like every person, right,

947
00:49:01,400 --> 00:49:04,120
Speaker 12: which is what Donald Trump is trying to accomplish. I mean,

948
00:49:04,200 --> 00:49:10,600
Speaker 12: the reality is it's authenticity does matter, and so if

949
00:49:11,080 --> 00:49:13,880
Speaker 12: She's been on defense. Every time he you know, lies

950
00:49:13,920 --> 00:49:16,960
Speaker 12: about her record, she tries to correct the record, and

951
00:49:17,000 --> 00:49:20,320
Speaker 12: I applaud her for doing that. But as a result,

952
00:49:20,440 --> 00:49:23,600
Speaker 12: she literally has spent almost every day on defense. And

953
00:49:24,160 --> 00:49:25,839
Speaker 12: at some point in time, you got to go on

954
00:49:25,920 --> 00:49:29,440
Speaker 12: offense and start creating your own record, and that would include,

955
00:49:30,600 --> 00:49:32,880
Speaker 12: you know, going after Donald Trump is a you know,

956
00:49:33,560 --> 00:49:36,800
Speaker 12: I don't know, pretender to the Burger King, right, I mean,

957
00:49:36,840 --> 00:49:41,760
Speaker 12: you know, he's he's not somebody who anybody visualizes eats,

958
00:49:42,080 --> 00:49:45,240
Speaker 12: you know, McDonald's every day, even though he probably does.

959
00:49:46,360 --> 00:49:48,320
Speaker 2: Wow. Well, it brings us to the New York Times

960
00:49:48,320 --> 00:49:51,240
Speaker 2: headline from over the weekend. You might have noticed Playbook

961
00:49:51,280 --> 00:49:53,359
Speaker 2: grabbed a screen grab of it for a reason. We're

962
00:49:53,360 --> 00:49:54,759
Speaker 2: going to get into this with our panel in the

963
00:49:54,800 --> 00:49:59,720
Speaker 2: next hour. Trump becomes the star of Harris's closing pitch.

964
00:50:00,200 --> 00:50:02,600
Speaker 2: That's what Rick's talking about, and you wonder if that

965
00:50:02,680 --> 00:50:06,600
Speaker 2: might turn around again between now and November fifth. Indeed,

966
00:50:06,680 --> 00:50:09,640
Speaker 2: fond memories of the light blue cotton candy soda for

967
00:50:09,719 --> 00:50:12,720
Speaker 2: producer James at friendlies. I'll tell you what the memories.

968
00:50:12,719 --> 00:50:15,239
Speaker 2: We'll pull him back here, CEC says Kamala Harris go

969
00:50:15,280 --> 00:50:18,560
Speaker 2: to Angelo's. Maybe we talk a little bit about the

970
00:50:18,640 --> 00:50:20,640
Speaker 2: restaurants here coming up off the air, guys.

971
00:50:20,400 --> 00:50:20,759
Speaker 1: We could.

972
00:50:21,480 --> 00:50:26,800
Speaker 2: There's a lot two weeks to film. Thanks for listening

973
00:50:26,800 --> 00:50:30,120
Speaker 2: to the Balance of Power podcast. Make sure to subscribe

974
00:50:30,160 --> 00:50:32,840
Speaker 2: if you haven't already, at Apple, Spotify, or wherever you

975
00:50:32,920 --> 00:50:35,680
Speaker 2: get your podcasts, and you can find us live every

976
00:50:35,680 --> 00:50:39,960
Speaker 2: weekday from Washington, DC at noontime Eastern at Bloomberg dot com.