WEBVTT - Maryland Governor Wes Moore Talks Black Vote, Key Bridge Recovery

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>I'm Joe Matthew alongside Kaylee Lines in Washington with a

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<v Speaker 2>special edition of the Balance of Power podcast. Today a

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<v Speaker 2>conversation with Maryland Governor Wes Moore. We spoke with the

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<v Speaker 2>Democrat following his appearance with Joe Biden in Philadelphia, part

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<v Speaker 2>of a series of events samed to galvanizing support among

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<v Speaker 2>black voters. We started by asking the governor if he

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<v Speaker 2>believes in this perceived weakness for the president in his

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<v Speaker 2>bid for reelection.

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<v Speaker 3>I think the energy is real because people have seen results.

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<v Speaker 3>You know, we know that this is a president who

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<v Speaker 3>is unafraid to be able to delve in some of

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<v Speaker 3>the delve into the larger systemic challenges that oftentimes have

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<v Speaker 3>continued to impact and hurt the Black community. So when

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<v Speaker 3>we're seeing now that coming to the end of his

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<v Speaker 3>first term, that we now have historically low unemployment rates

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<v Speaker 3>amongst African Americans, that were watching an increase in black

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<v Speaker 3>owned businesses businesses starre by Black men that are the

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<v Speaker 3>highest we've seen in thirty years. That we have a

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<v Speaker 3>president that's focusing on work and wages and wealth for

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<v Speaker 3>all members of our society, in all parts of our community.

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<v Speaker 1>I think the results are showing.

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<v Speaker 3>And I do think that whatever polls people are seeing

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<v Speaker 3>six months before an election, the energy that we're seeing

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<v Speaker 3>on the ground for the president, that that is more

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<v Speaker 3>real than Frankly, the poll numbers might indicate.

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<v Speaker 4>Okay, governor. So you may not believe the poll numbers,

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<v Speaker 4>although it is happening consistently across any number of polls.

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<v Speaker 4>There are Black voters out there who are telling pollsters

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<v Speaker 4>they are feeling less likely to vote for Biden this

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<v Speaker 4>time around than they were in twenty twenty. Can you

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<v Speaker 4>just help us with a potential diagnosis as to why

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<v Speaker 4>for some, even if not as many as polls may

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<v Speaker 4>suggest in your mind, why some may not feel that

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<v Speaker 4>the work of this administration is resonating with them. Is

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<v Speaker 4>this a messaging problem?

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<v Speaker 3>Well, I think there's honestly a larger frustration and cynicism

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<v Speaker 3>that does exist in the black community.

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<v Speaker 1>Uh.

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<v Speaker 3>And I don't think that's that's Joe Biden's making, But

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<v Speaker 3>I think it is something that the president has got

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<v Speaker 3>to has got to wrestle with, and we've got to

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<v Speaker 3>speak to you know, be honestly, I don't I don't

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<v Speaker 3>I come from not just I don't come from a

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<v Speaker 3>political background or even of political family. I know they

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<v Speaker 3>are family members who I still have to convince to

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<v Speaker 3>get involved. Family was already convinced about for me, simply

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<v Speaker 3>because they hadn't had a history of voting before. So

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<v Speaker 3>that cynicism is historical, that cynicism oftentimes is generational. I

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<v Speaker 3>think what people are seeing with theough, and they'll continue

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<v Speaker 3>to see as the president goes out and continues to

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<v Speaker 3>earn every vote, is that what's also real is the

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<v Speaker 3>fact that we have a measurement of momentum when it

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<v Speaker 3>comes to economic growth and economic success, that we're now

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<v Speaker 3>seeing a measure of growth and actually decrease in the

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<v Speaker 3>wealth gap that exists within the country. That's real, and

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<v Speaker 3>that's intentional. So I think does a president have to

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<v Speaker 3>go out there and earn every vote? Absolutely, does he

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<v Speaker 3>have to break through a measure of historical cynicism that

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<v Speaker 3>oftentimes exists within the African American community during election times,

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<v Speaker 3>one hundred percent. But I think that's work that the

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<v Speaker 3>president is willing to put in in order.

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<v Speaker 1>To ensure a reelection.

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<v Speaker 2>The president questioned whether Donald Trump would pardon the January

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<v Speaker 2>sixth rioters if they had been black, and he said

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<v Speaker 2>a lot more than that governor. He said, Donald Trump

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<v Speaker 2>is the landlord who denies housing applications because of the

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<v Speaker 2>color of people's skin, the guy who will not say

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<v Speaker 2>black lives matter and invokes neo Nazi Third Reich terms.

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<v Speaker 2>He said, Trump is the same guy who unleashed the

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<v Speaker 2>Birtherism lie against Barack Obama. Is this the rhetoric that's

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<v Speaker 2>required here? Is this now the say it out loud campaign?

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<v Speaker 3>You know, I think about the work that's happening right now.

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<v Speaker 3>You know in the state of Maryland, where we're now

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<v Speaker 3>going on nearly twelve straight months of having amongst the

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<v Speaker 3>lowest unemployment rates in the entire country, that we are

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<v Speaker 3>now watching the unemployment rate amongst African Americans at historically

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<v Speaker 3>low levels in our state, that we have now seen

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<v Speaker 3>economic momentum increase. After going five straight years of zero

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<v Speaker 3>point two percent GDP growth, we're now finally watching the

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<v Speaker 3>economic momentum in the state of Maryland that's growing. And

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<v Speaker 3>the thing I know is that the reason that all

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<v Speaker 3>this is happening is because we're moving in partnership with

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<v Speaker 3>the Biden administration. And so I know My pitch to voters,

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<v Speaker 3>my pitch to folks in Maryland and anywhere else that

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<v Speaker 3>I'll go to speak about why this selection matters is

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<v Speaker 3>don't come out and vote because you're afraid of the alternative.

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<v Speaker 3>We know the alternative, we know the records of both

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<v Speaker 3>of these two people. But vote because if you can

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<v Speaker 3>look at what's happened over the past even just year

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<v Speaker 3>and a half in my state, and that's just one example,

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<v Speaker 3>imagine if we can get another four years. And so

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<v Speaker 3>I'm not scared of the alternative. I'm hopeful that another

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<v Speaker 3>four years with the president will be able to bring

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<v Speaker 3>the kind of economic growth that all of us will

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<v Speaker 3>be able to benefit from.

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<v Speaker 4>Well, Governor, that's all at the presidential level. There are

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<v Speaker 4>also down that races in the state of Maryland we

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<v Speaker 4>are watching, including for the Senate. You of course backed

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<v Speaker 4>Angela also Brooks in her Democratic primary campaign against Congressman

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<v Speaker 4>David Trone. She won. She is now up against your predecessor,

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<v Speaker 4>Larry Hogan, who left the governorship with seventy seven percent approval.

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<v Speaker 4>And so, sir, you yourself are a pretty popular governor,

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<v Speaker 4>but that approval is even higher than yours. Can you

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<v Speaker 4>confidently say there is not a risk that Larry Hogan

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<v Speaker 4>can be the one that flips a blue Senate seat red.

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<v Speaker 3>Well, I think there's absolutely a risk, But I think

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<v Speaker 3>it's also why we're taking it seriously, because what the

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<v Speaker 3>real risk is is that the state of Maryland is

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<v Speaker 3>not going to give the Senate majority to the Republicans,

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<v Speaker 3>not in this moment. And I also think this disparity

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<v Speaker 3>in the differences between these two candidates is also very real,

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<v Speaker 3>where you know, we have a kind executive, the person

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<v Speaker 3>I supported very early in this race, and I'm excited

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<v Speaker 3>to support her through the election to the general election,

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<v Speaker 3>where she has a very clear history of being able

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<v Speaker 3>to fight for reproductive health care and reproductive rights. And

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<v Speaker 3>we know that the old governor does not, in fact

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<v Speaker 3>vet oled legislation to support privacy veto legislation to support

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<v Speaker 3>additional protections. I had to on my first day of office,

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<v Speaker 3>I released three and a half million dollars of funds

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<v Speaker 3>that the old governor previously withheld because he did not

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<v Speaker 3>want to release that money due to political reasons. That

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<v Speaker 3>we have a candidate in Angela Alsobrooks, who while she

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<v Speaker 3>was KINT executive, saw a significant drop in violent crime

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<v Speaker 3>in Prince George's county versus you know, the old governor

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<v Speaker 3>saw significant increases in violence and homicides during his time

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<v Speaker 3>as governor.

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<v Speaker 1>So it's going to be an important and spirited race.

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<v Speaker 3>I think the count executive is going to win because

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<v Speaker 3>I think these issues that we are going to see

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<v Speaker 3>people understand that there's a track record that has to

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<v Speaker 3>be examined.

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<v Speaker 2>You've had some good things to say in the past,

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<v Speaker 2>Governor about Larry Hogan. I know you're a gentleman and

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<v Speaker 2>that should not be outside of the realm, but you

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<v Speaker 2>called him a capable leader with a strong record, using

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<v Speaker 2>your words in some of his ads. But I'm also

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<v Speaker 2>taken by what Larry Hogan said about you in a

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<v Speaker 2>conversation with Marilyn Matters. I believe it was shortly after

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<v Speaker 2>you won the governorship. Quote.

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<v Speaker 1>I really like him, he said.

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<v Speaker 2>Seems like a genuinely nice, likable guy who seems to

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<v Speaker 2>really want to make a difference and seems to be

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<v Speaker 2>in it for the right reasons. He said that about you, Governor.

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<v Speaker 2>Are you sure you guys are on opposite sides?

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<v Speaker 3>No, And what I tell people, I don't have a problem,

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<v Speaker 3>you know, with him personally at all. I also know

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<v Speaker 3>that my support of Angela Also Brooks is not because

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<v Speaker 3>of personality. It's because she matches the values not just

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<v Speaker 3>of me, but the values of the state.

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<v Speaker 1>And I know what's on the line.

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<v Speaker 3>I know that having a Republican set a majority is

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<v Speaker 3>on the line. I know that making sure that marylynd

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<v Speaker 3>could be a safe haven for abortion rights is on

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<v Speaker 3>the line. I know making sure that we can actually

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<v Speaker 3>provide supports to make our community safer and more affordable

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<v Speaker 3>is on the line. And I have nothing about to

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<v Speaker 3>say personally about the old governor. I also just know

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<v Speaker 3>that when I think about who I want as a

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<v Speaker 3>partner inside the US Senate, it's Angela Alsobrooks.

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<v Speaker 4>Well, we know, Governor, that there are also some issues

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<v Speaker 4>very specific to Maryland that the state is grappling with,

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<v Speaker 4>including what has kept you occupied for the last two

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<v Speaker 4>months the aftermath of the collapse of the Francis Scott Keybridge.

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<v Speaker 4>The Maryland Chamber of Commerce just released data yesterday that

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<v Speaker 4>said sixty four percent of small businesses in and around

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<v Speaker 4>Baltimore County said they lost revenue due to the collapse.

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<v Speaker 4>Others talked about increased freight costs logistical challenges because of

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<v Speaker 4>the way that things need to be re routed. When

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<v Speaker 4>can you confidently tell those businesses, these individuals affected, that

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<v Speaker 4>things will be back to normal.

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<v Speaker 1>Yeah.

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<v Speaker 3>I can't overstate not just the importance of the Port

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<v Speaker 3>of Baltimore, not just to the region and to Baltimore

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<v Speaker 3>into Maryland, but to the entire country. Two thirds of

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<v Speaker 3>this country gets their goods from the Port of Baltimore.

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<v Speaker 3>But what we saw just state weeks ago, when we

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<v Speaker 3>had a ship that was the size of three football

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<v Speaker 3>fields sitting and caught in the middle of the Tapsco

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<v Speaker 3>River with four thousand tons of steel sitting on top

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<v Speaker 3>of it, and the remainder of the key bridge at

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<v Speaker 3>the bottom of the river, with six people unaccounted for.

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<v Speaker 3>This was a tragedy that we had not seen in

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<v Speaker 3>our state in generations. And I'm so proud of the

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<v Speaker 3>way that this state has mobilized and the speed. In

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<v Speaker 3>addition to being able to return all of the remains

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<v Speaker 3>to the individuals and to the families who lost people,

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<v Speaker 3>we are now days away from being able to have

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<v Speaker 3>the full Federal channel seven hundred feet by fifty foot

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<v Speaker 3>depth reopened, and to be able to have the Port

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<v Speaker 3>of Baltimore coming back again. We saw during the month

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<v Speaker 3>of April where there was a real concern about where

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<v Speaker 3>unemployment rate for the state of Maryland was going to

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<v Speaker 3>go for the month of April, and we're proud that

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<v Speaker 3>because we were able to work with the private sector,

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<v Speaker 3>work with our partner and all of our port partners,

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<v Speaker 3>that not only for the month of April, has Maryland

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<v Speaker 3>continued to have amongst the lowest unemployment rates in the

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<v Speaker 3>entire country. We actually gained thousands of jobs during that

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<v Speaker 3>same time period and watch labor participation actually increase during

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<v Speaker 3>the month of April. So I could not be more

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<v Speaker 3>proud of the response of this state. We've got a

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<v Speaker 3>long road to go and I will not stop until

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<v Speaker 3>we have a new bridge, a new Francis Scott Key

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<v Speaker 3>Bridge built and overlooking the skyline in Baltimore. But the

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<v Speaker 3>speed of this recovery really has been a marvel, and

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<v Speaker 3>it's really been because we've had a coordinated effort in

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<v Speaker 3>getting it done well.

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<v Speaker 2>You do have a lot to be proud of, Governor,

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<v Speaker 2>and the heroic actions of the public safety officials in

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<v Speaker 2>Baltimore and the state of Maryland, including the divers who

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<v Speaker 2>have been risking their lives to comb the bottom of

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<v Speaker 2>the floor of the remarkable stories to tell. But then

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<v Speaker 2>it becomes a question about money. And we've talked about

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<v Speaker 2>this before on Bloomberg. In fact, we had a conversation

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<v Speaker 2>earlier with Republican Congressman Patrick McHenry Shares the House Financial

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<v Speaker 2>Services Committee, and we asked them directly about the chances

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<v Speaker 2>for a supplemental budget to rebuild the bridge passing this Congress,

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<v Speaker 2>and he talked about offsets that would be needed, other

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<v Speaker 2>budget cuts, suggesting that we're spending too much. What are

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<v Speaker 2>you hearing from leaders in the House about that making

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<v Speaker 2>that happen to rebuild the bridge.

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<v Speaker 3>You know, I've been incredibly encouraged by the amount of

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<v Speaker 3>bipartisan support that we've received, you know, people from from

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<v Speaker 3>not just the Democratic side of the House, but also

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<v Speaker 3>people from Chair Womack and Chair Hole from Oklahoma and

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<v Speaker 3>from Arkansas and Oklahoma respectively, people who have said, we

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<v Speaker 3>understand the importance of getting this bridge rebuilt because it's

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<v Speaker 3>a core artery for the Port of Baltimore, which.

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<v Speaker 1>Is indispensable to the American economy.

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<v Speaker 3>And what we're asking for the one hundred percent cost

0:11:52.040 --> 0:11:54.680
<v Speaker 3>share is just not saying all the American people are

0:11:54.720 --> 0:11:57.559
<v Speaker 3>going to pay for I'm very confident that the American

0:11:57.559 --> 0:11:59.920
<v Speaker 3>people will be made whole when you look at everything

0:12:00.080 --> 0:12:03.840
<v Speaker 3>from insurance to potential pending litigation. Lloyd's of London has

0:12:03.840 --> 0:12:06.319
<v Speaker 3>indicated this is going to be the most expensive maritime

0:12:06.600 --> 0:12:09.480
<v Speaker 3>tragedy in our nation's history. So the American people will

0:12:09.520 --> 0:12:11.640
<v Speaker 3>be made whole. The reason our ask for the one

0:12:11.720 --> 0:12:14.560
<v Speaker 3>hundred percent cost share is essentially it's essentially bridge financing.

0:12:15.040 --> 0:12:17.600
<v Speaker 3>It's saying that while we're going through the process of

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<v Speaker 3>a potential litigation, which we know could take years, we've

0:12:20.920 --> 0:12:23.360
<v Speaker 3>got to get moving. We've got to get building because

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<v Speaker 3>my commitment to the people of my state and the

0:12:25.760 --> 0:12:28.120
<v Speaker 3>people of this country, frankly, is that we are going

0:12:28.120 --> 0:12:31.800
<v Speaker 3>to build this thing on time and on budget and effectively,

0:12:31.840 --> 0:12:33.560
<v Speaker 3>and we're going to get the Port of Baltimore going

0:12:33.600 --> 0:12:36.400
<v Speaker 3>again because it's important to the largest supply chain of

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<v Speaker 3>our nation.

0:12:37.200 --> 0:12:38.360
<v Speaker 1>But we've got to get moving.

0:12:38.679 --> 0:12:41.760
<v Speaker 3>That's the importance of the bipartisan support for the one

0:12:41.880 --> 0:12:45.160
<v Speaker 3>hundred percent cost share, and we've been incredibly heartened by

0:12:45.200 --> 0:12:47.959
<v Speaker 3>the amount of by the encouraging words and supports that

0:12:48.000 --> 0:12:49.959
<v Speaker 3>we've received from members from both sides of the Aisle

0:12:50.160 --> 0:12:51.040
<v Speaker 3>on this issue.

0:12:51.400 --> 0:12:53.960
<v Speaker 2>Merrily, Governor Wes Moore on a special edition of the

0:12:54.000 --> 0:12:58.199
<v Speaker 2>Balance of Power podcast alongside Kaylee Lines, I'm Joe Matthew

0:12:58.240 --> 0:13:07.640
<v Speaker 2>in Washington. This is Blue Bomberg. Thanks for listening to

0:13:07.679 --> 0:13:11.040
<v Speaker 2>the Balance of Power podcast. Make sure to subscribe if

0:13:11.080 --> 0:13:13.800
<v Speaker 2>you haven't already, at Apple, Spotify, or wherever you get

0:13:13.840 --> 0:13:16.840
<v Speaker 2>your podcasts, and you can find us live every weekday

0:13:16.880 --> 0:13:22.319
<v Speaker 2>from Washington, DC at noontime Eastern at Bloomberg dot com.