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Speaker 1: Now from our nation's capital. This is Bloomberg's sound on

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Speaker 1: it's very unfair to people who took other pathways in

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Speaker 1: life that didn't require them to take out a lot

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Speaker 1: of loans. I agree with this move and those same

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Speaker 1: individuals who wanted to build out the banks and supported that.

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Speaker 1: I'm not criticized and helping people in their critical need.

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Speaker 1: Bloomberg Sound on Politics, Policy and perspective from DC's tough name.

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Speaker 1: As I am pleading with the Republican Party to please

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Speaker 1: start taking this issue seriously. I don't want your vote.

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Speaker 1: If you have that hate in your heart, keep it.

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Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The

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Speaker 1: White House plays defense on student debt. Welcome to the

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Speaker 1: fastest hour in politics. As divisions emerge over this plan

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Speaker 1: among Democrats and Republicans, and the next step could be court,

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Speaker 1: we'll talk about that with Flinna, Eric's social policy expert

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Speaker 1: at Third. The Department of Justice was just told to

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Speaker 1: unseal the affidavit from the Marrow Lago search warrant. They

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Speaker 1: must do by noon tomorrow. Bloomberg Legal reporter Eric Larson

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Speaker 1: will join us a bit later with more on what

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Speaker 1: we may learn and how unusual this actually is. Analysis

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Speaker 1: from our signature panel Bloomberg Politics contributors Jeanie Chantano and

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Speaker 1: Rick Davis here for the hour. The White House wanted

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Speaker 1: to come out of the box today with a positive message,

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Speaker 1: and they got some music. This is actually sound from

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Speaker 1: a rally this morning in Lafayette Square, across the street

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Speaker 1: from the White House build as a celebration amongst student

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Speaker 1: activists before like Jackson scrutiny. A news release announcing this

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Speaker 1: rally came out shortly after President Biden announced his plan

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Speaker 1: to forgive debt. List of the group's move on then

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Speaker 1: doubled a CP National Education Association, Center for Popular Democracy

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Speaker 1: and Rise Free. No one else will tell you that today.

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Speaker 1: And yes they did promote the brass being end in

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Speaker 1: the news release. They started playing at eight thirty in

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Speaker 1: the morning. The zoning allowed that near the White House.

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Speaker 1: The administration that has been besieged by questions about fairness,

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Speaker 1: which Education Secretary Miguel Cordona addressed today on Bloomberg. You know,

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Speaker 1: I've talked to folks who said, you know, yeah, I

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Speaker 1: paid my college loan off, but if my neighbor goes

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Speaker 1: into default, is gonna hurt my local economy, and what

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Speaker 1: we're anticipating. What we were anticipating is that the number

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Speaker 1: of defaults would be a lot higher um if we

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Speaker 1: didn't provide support. But questions also remain about the legality

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Speaker 1: of this move, and for more on that, we're joined

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Speaker 1: by Lennai Ericson, senior vice president for Social Policy, Education

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Speaker 1: and Politics at the Group Third Way. Lenny, Welcome to Bloomberg.

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Speaker 1: Thanks so much for having me. Much of the argument

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Speaker 1: right now about this whole story is about fairness, That's

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Speaker 1: what I keep hearing. But you're pointing to authority and

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Speaker 1: whether the president actually has the power to do this

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Speaker 1: on his own. Are we're going to find out in court.

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Speaker 1: I think we absolutely are going to find out in court.

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Speaker 1: And you know, we've been kind of back and forth

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Speaker 1: on this in terms of the legal authorities, but the

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Speaker 1: situation really changed over this summer. You know, the Trump

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Speaker 1: administration and several other legal authorities have said that the

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Speaker 1: president absolutely cannot just cancel student debts, that Congress did

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Speaker 1: not give him, um the chance to do that with

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Speaker 1: the stroke of a pen um. But then there have

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Speaker 1: been others that have argued that, well, maybe this is

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Speaker 1: within his executive authority. Um, But the Supreme Court came

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Speaker 1: out with a decision in June that really changed the

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Speaker 1: whole landscape. UM. That's going to really put this decision

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Speaker 1: in jeopardy because when they struck down the climate rules

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Speaker 1: in their ep A decision, they said that any actions

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Speaker 1: that the executive takes that have major political or economic

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Speaker 1: significance has to have a higher level of congressional authority.

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Speaker 1: They have to be clearly articulated by Congress. This is

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Speaker 1: the you're talking. So what happens start to see you

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Speaker 1: know how broad odd scale canceling student loan debt isn't

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Speaker 1: a decision of political and economic significant Yes, okay, so

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Speaker 1: let's assume it's going to court. Is there an injunction?

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Speaker 1: What happens to this whole program? If I can call

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Speaker 1: it that? In the meantime? Does this pause everything? You know?

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Speaker 1: I think what what we'll see is who susan when

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Speaker 1: and where? Um? You know, this is something that UM,

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Speaker 1: A lot of folks have talked about, is who is

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Speaker 1: going to have the right to do here? And certainly, UM,

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Speaker 1: there are potentially student loan servicers who do not want

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Speaker 1: to cancel the student debt and you would rather have

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Speaker 1: it go back. UM. They may have the ability to

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Speaker 1: sue in court. UM. The folks that aren't actually eligible

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Speaker 1: for this forgiveness, like someone who makes a hundred and

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Speaker 1: twenty six thousand dollars a year, that person might be

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Speaker 1: able to sue in court because the limit is a

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Speaker 1: hundred and twenty five thousand, and that wasn't really um

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Speaker 1: made up from anything except for what the administration decided,

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Speaker 1: so they could say, you know, I was harmed by that, UM.

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Speaker 1: But we also know that at least by Jeane you worry. UM.

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Speaker 1: The House of Representatives, if it's under Republican control, absolutely

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Speaker 1: continued to stop this can sue if not right legislation,

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Speaker 1: although we should also know this is executive order, which

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Speaker 1: can always be reversed by the next executive. But let's

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Speaker 1: pick through this a little bit for a moment, because

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Speaker 1: there are different components here. You've got the loan forgiveness,

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Speaker 1: which is what everyone's talking about. You've also got this

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Speaker 1: five percent cap one's discretionary income on loan repayments moving

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Speaker 1: forward that could potentially impact far more people and of

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Speaker 1: course go on indefinitely. Could we find ourselves with a

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Speaker 1: split ruling where they take these one on one or

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Speaker 1: just throw out the whole thing and start over. I

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Speaker 1: think most likely what will be challenged as to learn

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Speaker 1: forgiveness pieces because there are people that feel that they've

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Speaker 1: been harmed from that. Um. I think the income based

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Speaker 1: free payment pieces are really taking We already have income

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Speaker 1: based ree payment plans on the books. If this is

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Speaker 1: just making them more on earst and making more people

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Speaker 1: able to access them, so it costs money, um, but

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Speaker 1: it's not. There's not necessarily someone who's actively harmed by

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Speaker 1: that that might have standing in court to sue as

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Speaker 1: there are under the under the forgiveness rules. And just

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Speaker 1: to to give you a sense of why, um, you

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Speaker 1: know the House of Representatives might have standing, it's because

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Speaker 1: they are saying, this is actually Congress's job. This isn't

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Speaker 1: the executive jobs. This is Congress's job, and um, and

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Speaker 1: we don't want to um, we don't want you to

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Speaker 1: do this. And so you know, obviously the Democratic House

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Speaker 1: won't act in that way, but we could see in January. UM,

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Speaker 1: you know, if Republicans take over them them go in

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Speaker 1: that direction. You can just imagine the hearings right now.

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Speaker 1: And I think the hearings will start soon. And you know,

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Speaker 1: part of the announcement was that the application this is

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Speaker 1: not automatic. People are going to have to apply for it,

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Speaker 1: and the application process has not yet been decided and

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Speaker 1: is going to take a while. And so they said

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Speaker 1: they will have form out by the end of the

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Speaker 1: year for people to start applying. Um, but that means

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Speaker 1: we've got a couple of months before maybe people can't

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Speaker 1: even start filling out their paperwork, let alone having that

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Speaker 1: paperwork process. The White House actually went out of its

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Speaker 1: way to get ahead of conversations like the one we're

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Speaker 1: having right now by laying out what it saw is

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Speaker 1: the legal rationale here, and they pinned on the Department

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Speaker 1: of Education, suggesting that it has the right to do this.

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Speaker 1: You used to work as a lawyer, you have a

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Speaker 1: constitutional law background. What's your gut say on what you're

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Speaker 1: hearing from the White House? Well, you know, I think

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Speaker 1: it's interesting. I think it actually, Um, it indicates that

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Speaker 1: they're scared about court decision because, um, what they have

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Speaker 1: been saying and what the advocates who have been pushing

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Speaker 1: this and folks like Elizabeth Warren have been saying, is

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Speaker 1: that the reason that the Executive could Act was based

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Speaker 1: in the Higher Education Act, which is a law um

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Speaker 1: Congress passed in the nineteen six season, has passed repeatedly

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Speaker 1: since then, updating act. And they said, well, there's a

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Speaker 1: provision in there that says, UM, people can the executive

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Speaker 1: can compromise and settle UM different kinds of loans and

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Speaker 1: and that has to do with, you know, the contracts

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Speaker 1: on different lontainment systems and things like that. Well, they

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Speaker 1: had argued that that was enough um for the President

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Speaker 1: just to wipe away all student loan. But I think

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Speaker 1: that the White House realized that that was not going

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Speaker 1: to withstand scrutiny after this ep A decision, So they

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Speaker 1: changed their legal analysis and instead said, oh, this is

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Speaker 1: part of the pandemic. This is part of the Heroes

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Speaker 1: Act public emergency UM powers that were given to the

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Speaker 1: Department because of covid UM. And so that was a

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Speaker 1: huge shift that no one expected and really surprised everyone

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Speaker 1: yesterday did they didn't need reference the Higher Education Act

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Speaker 1: at all. In fact, the President invoked the impact of

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Speaker 1: the pandemic in his remarks. You're write, that is the

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Speaker 1: language that we're hearing. Along with the fairness issue. Every

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Speaker 1: time this comes up in front of the White House,

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Speaker 1: whether it's the President yester day or the Press secretary today,

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Speaker 1: the White House continues to point back to the Trump

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Speaker 1: tax cuts to to say, hey, at least we're helping

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Speaker 1: people here, and they're saying that it's paid for, which

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Speaker 1: has its own argument that we don't need to get

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Speaker 1: into now. But the talking points have evolved dramatically since

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Speaker 1: this was first promised. They have, and I think that's

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Speaker 1: because this is a super novel use of executive authority.

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Speaker 1: No one a couple of years ago would have thought

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Speaker 1: that the president would even try this. Um. And you know,

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Speaker 1: every everyone from uh former General counsels of the Education

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Speaker 1: Department to Speaker Nancy Pelosi have said the president does

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Speaker 1: not have the power to do this. So I think

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Speaker 1: that you'll see folks who are opposed to this decision

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Speaker 1: using those statements in court to say, look, this this

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Speaker 1: is kind of a an extreme use of power that

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Speaker 1: that should not be tolerated by a single executive. Well,

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Speaker 1: you're no stranger to politics, um, And I don't want

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Speaker 1: to get you into political argument here, but you know,

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Speaker 1: if you step back and consider what is likely to

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Speaker 1: happen in the way that you're outlining it, that doesn't

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Speaker 1: necessarily present a political problem for the White House, right

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Speaker 1: The President and his surrogates can still say in November, hey,

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Speaker 1: we tried, we did this, We had it all mapped

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Speaker 1: out for you. And you know what, the Republicans suit

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Speaker 1: us to stop giving money back to people. And that's

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Speaker 1: not a bad line to tell on the eve of

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Speaker 1: an election. That I think that's their theory. But I

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Speaker 1: gotta tell you, I think they're they're forgetting two things.

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Speaker 1: One is when you look at say, you know, the

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Speaker 1: Harvard Institute Politics just had a poll of young people

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Speaker 1: eighteen to They said their number one issue and priority

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Speaker 1: was inflation. That was ten times more young people said

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Speaker 1: inflation was their number one issue than the number of

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Speaker 1: folks who said student debt was their number one issue.

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Speaker 1: And this has been said to be and predicted to

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Speaker 1: be inflationary, and so I think, you know, they they're

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Speaker 1: thinking this is going to be a great boon for

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Speaker 1: young voters. But I just don't know that that's going

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Speaker 1: to come to fruition. And then what about all those

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Speaker 1: folks who never attended higher education. Democrats have really been

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Speaker 1: hemorrhaging with non college voters, non college, white voters, Latino voters,

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Speaker 1: black voters, and what are they going to think about this?

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Speaker 1: I think there's already a perception that the Democratic Party

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Speaker 1: is focused on elites and doing what's good for leaps

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Speaker 1: and seeing you know a lot of the um talk

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Speaker 1: about this on Twitter. This is this is really mostly

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Speaker 1: going to impact people who have attended higher education and

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Speaker 1: got a degree. Some people attended and didn't get a debriece,

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Speaker 1: but a lot of them have it and they're actually

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Speaker 1: set up to be okay in this economy and a

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Speaker 1: lot of other people want It's pretty insightful if non college,

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Speaker 1: working class voters in the suburbs decide the balance of

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Speaker 1: power in Washington this November, this may not play well

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Speaker 1: for Democrats. I think that's right. The Night ericson, Senior

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Speaker 1: VP for Social Policy, Education and Politics A Third Way,

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Speaker 1: really appreciate your insights to Night come back and talk

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Speaker 1: to us. Thanks so much for having me, of course, Kreene.

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Speaker 1: John Pierre, the White House Press Secretary, was just asked

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Speaker 1: about this. What we have done is taken, uh, you know,

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Speaker 1: taken a look of our legal authority and how we

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Speaker 1: can make this happen. And we we uh went with

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Speaker 1: the heroes act and we feel pretty confident about that

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Speaker 1: went with the Heroes acts. Will assemble the panel next

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Speaker 1: for their take. Rick Davis and Jeanie Chanzano straight ahead

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Speaker 1: on sound On. This is Bloomberg. You're listening to Bloomberg.

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Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. The

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Speaker 1: headlines about the President's student loan forgiveness plan on the

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Speaker 1: terminal say at all. If you just do a search,

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Speaker 1: you can see where the narrative is going here. Student

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Speaker 1: loan plan divides Democrats, New York Times, Bloomberg. Biden's student

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Speaker 1: loan relief ads new wrinkle to inflation debate. It's hard

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Speaker 1: to find a positive note here. As we just discussed

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Speaker 1: with Lina, it's likely to go to court. Let's assemble

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Speaker 1: the panel now. Jennie Chanzano and Rick Davis are with

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Speaker 1: us Bloomberg Politics contributors. We took a first dip into

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Speaker 1: this as we had just come off the announcement this

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Speaker 1: time yesterday. Jennie, if this ends up in court, is

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Speaker 1: it over? It very well could be. You know, I

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Speaker 1: think your discussion previously was so important because a huge

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Speaker 1: question here is on the impact on the economy, the

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Speaker 1: deficit inflation. Another aspect is fairness. And then there's the

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Speaker 1: legality issue in the question of separation of powers, as

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Speaker 1: you laid out, and whether the president has the authority

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Speaker 1: to do this in fact, and as you have the

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Speaker 1: Supreme Court laying out this major questions challenge in the

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Speaker 1: previous term, it's going to come back and the question

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Speaker 1: is gonna be who has the standing to sue on this?

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Speaker 1: But once it gets into court, it will be debated

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Speaker 1: and this power may be stripped. And it was Joe

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Speaker 1: Biden himself who said that. And I was always listening

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Speaker 1: to your discussion. I kept thinking, you know, when Joe

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Speaker 1: Biden is Joe Biden, the moderate Joe Biden that he's

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Speaker 1: always and he doesn't seem to get into this trouble,

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Speaker 1: but when he goes too far down this progressive path,

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Speaker 1: he does. And I'm concerned here that's what happened. What

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Speaker 1: are you thinking about this? When Rick did? Did the

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Speaker 1: White House know this was going to court? I mean,

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Speaker 1: they had a preamble on the legal grounds because obviously

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Speaker 1: they saw the question coming. Sure, I'm sure that they

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Speaker 1: saw the question coming, and I think that's why they

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Speaker 1: chose to embed this in the wording of the Heroes

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Speaker 1: Act and not the Higher Education Act because I think

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Speaker 1: they just assumed everybody was expecting an h A appeal.

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Speaker 1: But but I would say, the one thing you gotta

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Speaker 1: understand those the Supreme Court does not like to accept

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Speaker 1: UH cases like this unless there is a real good

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Speaker 1: instanding person and that's what Genie is saying. I mean

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Speaker 1: the Virginia the case. Virginia Laview did an analysis of

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Speaker 1: this exact thing back in April, and they said that

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Speaker 1: the former borrowers, Congress, state governments, and loan services are

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Speaker 1: outside the current standing doctrine of the Supreme Court. So

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Speaker 1: if those people can't get standing to appeal this case,

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Speaker 1: who is Well that's a that's a good one. I'll

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Speaker 1: tell you what. It's gonna be an issue on the

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Speaker 1: campaign trail. It's already started. Rhndes Santa Is seized on

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Speaker 1: this and has been talking about it ever since the

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Speaker 1: governor of Florida. Here's the taste. It's very unfair to

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Speaker 1: people who took other pathways in life that didn't require

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Speaker 1: them to take out a lot alan So maybe people

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Speaker 1: that went into business immediately, people that went into trades.

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Speaker 1: They made those decisions, uh, to not have that debt,

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Speaker 1: and now the debts being put on them, and some

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Speaker 1: have estimated it could represent about two thous dollars per

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Speaker 1: taxpayer when all is said and done with this. And

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Speaker 1: so it's very unfair, you know, to have a truck

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Speaker 1: driver have to pay back a loan from somebody that

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Speaker 1: got like a PhD in gender studies. That's not fair,

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Speaker 1: it's not right. Take ground of aplause on that one. Genie.

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Speaker 1: We even got the gender whistle in that answer, and

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Speaker 1: he's used that line before back in a will, almost

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Speaker 1: exactly word for word on this, just knowing that this

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Speaker 1: was going to be a juicy campaign issue. What's the

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Speaker 1: Democratic answer? With the Democratic answer should be to ask

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Speaker 1: Governor to Santis exactly what he has done to address

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Speaker 1: the huge issue of college affordability in his state and

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Speaker 1: across the country, and he can, you know, do use

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Speaker 1: these dog whistles on gender studies and everything else. But

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Speaker 1: the reality is people who go to college are able

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Speaker 1: to get more income throughout their lifetimes. And if that's

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Speaker 1: the case, he should want that for everybody in the

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Speaker 1: state of Florida across the nation. If people can't afford it.

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Speaker 1: That's what he should be telling us what he's going

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Speaker 1: to do about that, not these dog whistles about people

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Speaker 1: who actually went I agree with him. The fairness issue

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Speaker 1: is enormously important, but he is not answering the big question,

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Speaker 1: which is what would you do about the price of

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Speaker 1: college today? He has no answer to that. Charlie Chris

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Speaker 1: took a swing at it. Of course, he is the

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Speaker 1: Democratic nominee. Now he's running against Rhand de Santis, a

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Speaker 1: little bit different than the approach that Jennie just took.

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Speaker 1: I agree with us move a hundred percent. President Biden

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Speaker 1: is leading so well. You know, the price of gas

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Speaker 1: has gone down now seventy days in a row. He's

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Speaker 1: just announced reducing the price of a college education. Everybody

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Speaker 1: should be able to afford a college college education. Can

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Speaker 1: can you win the governorship in Florida talking like that?

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Speaker 1: Rick Well, I can't see. I can't wait to see

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Speaker 1: all the commercials that pose Charlie crist as a Republican

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Speaker 1: and what he said then with what he's saying today. Look,

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Speaker 1: I mean he's all in right, I mean like he's

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Speaker 1: going to take the Democratic line all the way to

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Speaker 1: the election. Day. And and this is a classic political

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Speaker 1: case of picking winners and losers, right, the administrations decided, Hey,

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Speaker 1: we're gonna count ow to people with these these debts,

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Speaker 1: and we're gonna do exactly what we want to do.

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Speaker 1: We're gonna we're gonna relieve them of the debt, and

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Speaker 1: and we're going to give the Republicans a great political issue.

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Speaker 1: But we think we're gonna get more out of it,

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Speaker 1: so it's worth the trade. That's well, yeah, talk about this.

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Speaker 1: It's it almost rights itself run to see again, he

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Speaker 1: wants to have the average American foot the bill for

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Speaker 1: student loans. For somebody who's making six figures and has

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Speaker 1: a law degree or a medical degree, that's what will

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Speaker 1: happen on this. There's many other people who took out

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Speaker 1: loans and paid them off. So don't you feel like

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Speaker 1: a sucker? Now that by that the line, right, we

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Speaker 1: can demonize people who went to college, I guess. And

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Speaker 1: you know we're gonna make fun of people with pH

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Speaker 1: d s, which is ridiculous, genie, But it comes down to, hey,

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Speaker 1: I paid my loan, what's the problem with you? That's right,

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Speaker 1: but we should also mention what you mentioned previously, which

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Speaker 1: is that CAP is incredibly important because it does help

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Speaker 1: mitigate you know, it doesn't, in my mind, do it

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Speaker 1: do enough to address apporda getting no coverage. I haven't

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Speaker 1: heard anyone talk about it outside of this program. And

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Speaker 1: that's the problem with the administration. They've got to be

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Speaker 1: talking about that, not just the you know, not forcing

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Speaker 1: people to pay the ten thousand. Yeah, Genie Chanzano and

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Speaker 1: Rick Davis, our signature panel, first swing of the fastest

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Speaker 1: hour in politics, and we're gonna turn to hey, how

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Speaker 1: about more court. They're unsealing the warrant tomorrow mar Lago.

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Speaker 1: Eric Larson, Bloomberg Legal reporter, will be with us. Give

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Speaker 1: us a sense of what we're gonna learn. This is Bloomberg.

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Speaker 1: President Biden was asked about the search on Mara Lago

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Speaker 1: just yesterday at a completely unrelated event. He was talking

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Speaker 1: about the student loan forgiveness in fact, and based on

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Speaker 1: his answer, I'm guessing he doesn't know what's in this affidavit.

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Speaker 1: I notice you have of the FBI's plan to search

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Speaker 1: mar Lago. I didn't have any advanced notice, none, zero, no,

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Speaker 1: one single bit. Thank you. I wonder what he's learned

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Speaker 1: since then. Bloomberg Legal reporter Eric Larson among those going

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Speaker 1: to be clicking refresh around noon tomorrow. I just wonder

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Speaker 1: maybe they'll drop this thing early Friday, right, just drop

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Speaker 1: it early in the morning, Eric, What do you think

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Speaker 1: we were just talking about that? Actually we noon tomorrow

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Speaker 1: is the deadline, but the Justice Department really could file

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Speaker 1: this at any time. So, uh, yeah, we're gonna be

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Speaker 1: doing a lot of clicking. You do a lot of clicking,

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Speaker 1: and but I don't know if you're gonna be doing

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Speaker 1: a lot of reading. Eric. We understand that that a

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Speaker 1: lot of this will be redacted, but then again, the

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Speaker 1: judge has made clear that that it's still a worthy

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Speaker 1: move better than at least keeping this sealed. Do you

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Speaker 1: expect much to write about? You know, we're we really don't,

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Speaker 1: to be honest, but I'm happy to be surprised. You know.

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Speaker 1: The judge did say that because of the historical significance

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Speaker 1: of this search, he thought that if there was any

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Speaker 1: details that all that could be made public without you know,

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Speaker 1: injuring the investigation, then they should be made public. So

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Speaker 1: today the Justice Department file it's proposed redactions earlier today.

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Speaker 1: It was a pretty quick turnaround. By the judge. He said, okay, um,

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Speaker 1: if he made any of his own redactions, we we

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Speaker 1: don't know that. But he ordered them to go ahead

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Speaker 1: and make the redacted version public tomorrow. Uh, no idea.

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Speaker 1: How much is going to be redacted? Probably a significant amount,

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Speaker 1: because the judge said that they could protect the identities

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Speaker 1: of witnesses, law enforcement agents, people who haven't been charged,

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Speaker 1: in the scope and sources and methods of the investigation.

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Speaker 1: So that's a lot. That's everything. I mean, what is

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Speaker 1: outside of that of that list? And honestly, Eric, you know,

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Speaker 1: that's a good question. I've thought about it. You know,

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Speaker 1: this is just me thinking potentially, based on their adaptions,

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Speaker 1: we might at least still get a hint of perhaps

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Speaker 1: how many witnesses there are, um, you know, some idea

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Speaker 1: of whether or not they're in Florida or DC. Um,

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Speaker 1: you know, whether or not there are some informants. You know,

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Speaker 1: we obviously we won't get the identity and they'll hide

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Speaker 1: information that could lead to that person being identified. But

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Speaker 1: if there is an informant, maybe we'll get a hint

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Speaker 1: of that. And even like when they decided that the

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Speaker 1: search was warranted, we know that in June one of

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Speaker 1: Trump's lawyers assured the Justice Department in the science statement

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Speaker 1: that there were no more classified records at Mara Lago.

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Speaker 1: Clearly something happened after that that made the government believe otherwise.

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Speaker 1: So maybe we'll get a hit about what that was.

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Speaker 1: Should we believe that Donald Trump has all of this

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Speaker 1: in his hands, and we understand that he had the

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Speaker 1: search warrant? Would that include the affidavit? Could he have

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Speaker 1: released this at any time? I don't believe so. I

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Speaker 1: don't think that he had, as David Um, and you know,

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Speaker 1: we have heard some folks say that the affidavit might

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Speaker 1: not be really great for Trump, you know, if it

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Speaker 1: really does sell out of a solid justification, it has

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Speaker 1: asked for it to be released though, right to be clear, Yeah,

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Speaker 1: he has to be clear. He has Um And you know,

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Speaker 1: just some legal experts that I've spoken to over the

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Speaker 1: last few weeks question whether or not that that really

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Speaker 1: was a great idea. I mean, maybe he didn't think

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Speaker 1: that it would actually happen. But the judge clearly is

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Speaker 1: interested in some level of transparency here. We'll see how

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Speaker 1: far that goes tomorrow. Eric Larson, Bloomberg Legal reporter. We

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Speaker 1: appreciate it as always, Eric, thank you for the insights

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Speaker 1: I want to hear from the panel on this, just

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Speaker 1: just for a moment. Rick Davis, Jeanie Schanzana have been

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Speaker 1: following this since, of course the search of Mara Lago.

429
00:22:59,760 --> 00:23:01,160
Speaker 1: What do you make of this, Rick, If we don't

430
00:23:01,280 --> 00:23:03,479
Speaker 1: learn much tomorrow, that's all we're gonna get between now

431
00:23:03,480 --> 00:23:06,920
Speaker 1: and November. Yeah. I think this is uh a real

432
00:23:07,119 --> 00:23:09,320
Speaker 1: sort of no brainer. I mean, now that they've got

433
00:23:09,320 --> 00:23:12,399
Speaker 1: the redactions accepted, d o J has gotten Trump to

434
00:23:12,400 --> 00:23:14,600
Speaker 1: take de bait. I mean, Donald Trump, I think, walked

435
00:23:14,640 --> 00:23:17,880
Speaker 1: into a trap on this one. I wouldn't do tomorrow.

436
00:23:17,920 --> 00:23:19,760
Speaker 1: I wouldn't be surprised to see Donald Trump trying to

437
00:23:19,760 --> 00:23:23,000
Speaker 1: do a temporary restraining order on getting this out. Wouldn't

438
00:23:23,040 --> 00:23:25,600
Speaker 1: surprise me for him to backtrack on this as opposed

439
00:23:25,600 --> 00:23:27,600
Speaker 1: to a bunch of pages that are just blacked out

440
00:23:27,600 --> 00:23:29,720
Speaker 1: in redaction, Well, they're gonna be blacked out, but they

441
00:23:29,760 --> 00:23:32,200
Speaker 1: I guarantee you the parts that they didn't black out

442
00:23:32,200 --> 00:23:35,119
Speaker 1: are probably critical of Donald Trump and his lack of

443
00:23:35,800 --> 00:23:39,200
Speaker 1: willingness to abide by the law. And and I think

444
00:23:39,200 --> 00:23:41,480
Speaker 1: that rationale probably will be spelled out loud and clear.

445
00:23:41,880 --> 00:23:44,080
Speaker 1: He did ask for it to be released, Genie, Let's

446
00:23:44,080 --> 00:23:46,840
Speaker 1: be careful what you ask for. That's right. And you know,

447
00:23:46,960 --> 00:23:49,480
Speaker 1: I think the Justice Department here, by filing not for

448
00:23:49,680 --> 00:23:52,359
Speaker 1: to have this be released and working hard on these redactions,

449
00:23:52,400 --> 00:23:54,760
Speaker 1: has really called his bluff. Because to Rick's point, if

450
00:23:54,800 --> 00:23:57,800
Speaker 1: there are signs that that there are, you know, bad

451
00:23:57,800 --> 00:24:00,600
Speaker 1: news for Donald Trump here, that is a real loser

452
00:24:00,680 --> 00:24:03,320
Speaker 1: for him. And of course his attorneys have had a

453
00:24:03,400 --> 00:24:06,440
Speaker 1: hard time responding and almost haven't responded to all at all.

454
00:24:06,440 --> 00:24:11,159
Speaker 1: Too much of this already. The language from Judge Bruce Reinhardt, Uh,

455
00:24:11,240 --> 00:24:13,960
Speaker 1: the government met its burden of showing that it's proposed

456
00:24:13,960 --> 00:24:17,560
Speaker 1: redactions are narrowly tailored to serve the government's legitimate interest

457
00:24:17,640 --> 00:24:21,680
Speaker 1: in the integrity of the ongoing investigation, but says they

458
00:24:21,720 --> 00:24:26,760
Speaker 1: were the least onerous alternative to keeping the entire documents sealed.

459
00:24:27,440 --> 00:24:30,560
Speaker 1: Does that give us any sense, Rick, of how valuable

460
00:24:30,560 --> 00:24:33,640
Speaker 1: this might be? Oh? Yeah, I think uh, I think

461
00:24:33,640 --> 00:24:36,040
Speaker 1: that that that is the indication that there's going to

462
00:24:36,080 --> 00:24:38,800
Speaker 1: be some news around this, right that that it will

463
00:24:38,840 --> 00:24:42,040
Speaker 1: occupy time tomorrow by people saying, holy smokes, you know,

464
00:24:42,440 --> 00:24:45,200
Speaker 1: this is a bad thing for Donald Trump. There's nothing

465
00:24:45,359 --> 00:24:48,920
Speaker 1: bad In this release tomorrow of the Justice Department, nobody

466
00:24:48,960 --> 00:24:51,800
Speaker 1: will be able to criticize the Justice Department of saying, oh,

467
00:24:51,840 --> 00:24:55,880
Speaker 1: they did this, you know, with no reasonable search. All

468
00:24:55,920 --> 00:24:58,159
Speaker 1: that's is blacked out. And I think that the onus

469
00:24:58,240 --> 00:24:59,840
Speaker 1: is going to fall back on Donald Trump. And it

470
00:24:59,840 --> 00:25:03,760
Speaker 1: will really interesting to see the GOP reaction all these

471
00:25:03,760 --> 00:25:05,480
Speaker 1: guys that went out and stuck their neck out for

472
00:25:05,520 --> 00:25:07,760
Speaker 1: Donald Trump, you know, calling it a raid and all

473
00:25:07,800 --> 00:25:10,359
Speaker 1: these awful things. Are they going to shut up or

474
00:25:10,359 --> 00:25:11,879
Speaker 1: are they going to go on the offense? And that

475
00:25:11,960 --> 00:25:14,639
Speaker 1: will be I think what really is telling tomorrow boit.

476
00:25:14,760 --> 00:25:17,280
Speaker 1: You know, there could be evidence in there, I suppose, Jeannie,

477
00:25:17,359 --> 00:25:20,440
Speaker 1: but the Department of Justice didn't want this unsealed at all.

478
00:25:21,240 --> 00:25:25,600
Speaker 1: And this is a pretty unusual move for an ongoing investigation.

479
00:25:26,240 --> 00:25:28,600
Speaker 1: It is, and it sets quite a precedent because while

480
00:25:28,640 --> 00:25:31,240
Speaker 1: there won't be to Rick's point, you know, revealing negative

481
00:25:31,280 --> 00:25:34,320
Speaker 1: information about the Justice Department in the document, certainly, the

482
00:25:34,359 --> 00:25:36,840
Speaker 1: fact that they are now forced to disclose even a

483
00:25:36,880 --> 00:25:40,240
Speaker 1: partial version of this is not only highly unusual, it

484
00:25:40,359 --> 00:25:43,119
Speaker 1: reveals to the other side where they are headed in

485
00:25:43,119 --> 00:25:46,280
Speaker 1: this investigation, something the Justice Department is loath to do.

486
00:25:46,480 --> 00:25:49,280
Speaker 1: And of course questions. Now, this is an unusual case

487
00:25:49,320 --> 00:25:51,399
Speaker 1: involving a former president, but is there going to be

488
00:25:51,440 --> 00:25:54,560
Speaker 1: pushed to release partial affidavits or full affidavids in other

489
00:25:54,600 --> 00:25:57,520
Speaker 1: types of cases? This is not something the Justice Department

490
00:25:57,560 --> 00:26:00,200
Speaker 1: wants to set as a precedence. The case isn't need

491
00:26:00,240 --> 00:26:03,000
Speaker 1: clear though, Rick. If the justification isn't laid out, d

492
00:26:03,080 --> 00:26:05,920
Speaker 1: o J is gonna get crushed with Republican criticism. Yeah,

493
00:26:05,920 --> 00:26:08,239
Speaker 1: but I think the leaks to date have already done that. Right,

494
00:26:08,280 --> 00:26:10,440
Speaker 1: How much have we learned as we've gone along here

495
00:26:10,520 --> 00:26:13,520
Speaker 1: without this? Um? You know, we thought this was six,

496
00:26:13,600 --> 00:26:16,200
Speaker 1: five or eleven files that they picked up of top

497
00:26:16,240 --> 00:26:20,399
Speaker 1: secret information, and now it's now it's three with seven pages.

498
00:26:20,480 --> 00:26:22,600
Speaker 1: I mean, you know, so, so I think we're gonna

499
00:26:22,680 --> 00:26:25,120
Speaker 1: learn some I think that they already have them dead

500
00:26:25,119 --> 00:26:29,440
Speaker 1: to rights on violating the rules handling this kind of documentation.

501
00:26:29,560 --> 00:26:32,440
Speaker 1: So that will just be laid out in black and white,

502
00:26:32,720 --> 00:26:34,960
Speaker 1: reminding us there is no such thing as a slow

503
00:26:35,040 --> 00:26:38,760
Speaker 1: news week, not in this town, not anymore. August, cancel

504
00:26:38,800 --> 00:26:42,840
Speaker 1: your vacations. But then again, that's why we have this program.

505
00:26:43,080 --> 00:26:52,280
Speaker 1: Sound on, This is Bloomberg. This is Bloomberg. Sound on

506
00:26:52,280 --> 00:26:56,640
Speaker 1: on Bloomberg Radio. So it's the end of the road

507
00:26:56,720 --> 00:27:00,080
Speaker 1: for the tail pipe in California. Well, at least we

508
00:27:00,160 --> 00:27:02,680
Speaker 1: know when the road will end. Regulators in the state

509
00:27:02,760 --> 00:27:05,399
Speaker 1: just today of proving a plan to ban the sale

510
00:27:06,400 --> 00:27:11,359
Speaker 1: of new gasoline powered cars by the year band they'll

511
00:27:11,359 --> 00:27:15,399
Speaker 1: be required to run on either hydrogen or electricity. Governor

512
00:27:15,440 --> 00:27:17,840
Speaker 1: Gavin Newsom talked about it with ABC News. This idea

513
00:27:17,840 --> 00:27:21,280
Speaker 1: of a tailpipe, we don't need it anymore. That's freedom.

514
00:27:21,320 --> 00:27:24,520
Speaker 1: This is about freedom. This is about real choice. This

515
00:27:24,600 --> 00:27:28,359
Speaker 1: is about lowering costs, no more dependency, freedom from the tailpipe.

516
00:27:28,400 --> 00:27:31,440
Speaker 1: Let's reassemble the panel for their take on this. Genie

517
00:27:31,520 --> 00:27:35,280
Speaker 1: Chanzano and Rick Davis, Bloomberg Politics contributors. Uh. This this

518
00:27:35,400 --> 00:27:38,399
Speaker 1: is someone Rick, who is frequently referred to as a

519
00:27:38,560 --> 00:27:42,840
Speaker 1: presidential hopeful, might be the future of the Democratic Party

520
00:27:42,880 --> 00:27:45,920
Speaker 1: as he leading the way for the party agenda. Yeah,

521
00:27:45,960 --> 00:27:48,199
Speaker 1: he's cutting edge. I mean this is uh, this is

522
00:27:48,200 --> 00:27:50,240
Speaker 1: pretty far out there. When I was sixteen years old,

523
00:27:50,280 --> 00:27:52,760
Speaker 1: I thought a car where the tail paper was my tailpipe,

524
00:27:52,880 --> 00:27:57,160
Speaker 1: was my freedom. And now I'm told it's not so. Look,

525
00:27:57,200 --> 00:28:00,240
Speaker 1: I mean he's got an agenda California is I'm Slay

526
00:28:00,280 --> 00:28:03,720
Speaker 1: a lot more progressive on climate issues and environment than

527
00:28:03,880 --> 00:28:07,920
Speaker 1: virtually any other state in the country. But honestly, they

528
00:28:07,960 --> 00:28:11,720
Speaker 1: have led the country towards a greener future. So, um,

529
00:28:11,760 --> 00:28:14,840
Speaker 1: I think he's trying to put that mantle on his shoulders.

530
00:28:14,840 --> 00:28:17,119
Speaker 1: And this is a good way to start. California. The

531
00:28:17,160 --> 00:28:20,720
Speaker 1: incubator in this case, Genie progressives have said for years

532
00:28:20,760 --> 00:28:22,639
Speaker 1: the only way to really get to this is to

533
00:28:22,760 --> 00:28:26,840
Speaker 1: eliminate the internal combustion engine. He's he's actually doing it.

534
00:28:27,359 --> 00:28:30,439
Speaker 1: He is, and it is a historic move. Um. You know,

535
00:28:30,520 --> 00:28:33,040
Speaker 1: I'm so glad we're talking about this. It's, as we understand,

536
00:28:33,080 --> 00:28:35,600
Speaker 1: the first band of its kind in the world, not

537
00:28:35,680 --> 00:28:38,360
Speaker 1: to mention the country. And many people suggest to your

538
00:28:38,360 --> 00:28:42,640
Speaker 1: incubator point that multiple states will follow in this direction.

539
00:28:43,160 --> 00:28:44,840
Speaker 1: And so this is what the heck you're gonna do.

540
00:28:44,880 --> 00:28:46,240
Speaker 1: If you have a gas powered car, you have to

541
00:28:46,280 --> 00:28:49,080
Speaker 1: stop at the border in certain states. In in calin Uber,

542
00:28:49,360 --> 00:28:52,200
Speaker 1: they're going to allow for They're going to allow for

543
00:28:52,240 --> 00:28:54,560
Speaker 1: cars that are used. Um, and you know, I like

544
00:28:55,360 --> 00:28:58,200
Speaker 1: I like the free from the tail pipe. That was great, Joe,

545
00:28:58,280 --> 00:29:01,200
Speaker 1: and uh that that will be the new bumpers ticker.

546
00:29:01,280 --> 00:29:04,320
Speaker 1: But I do think you know, the the the impact

547
00:29:04,440 --> 00:29:07,560
Speaker 1: on the car industry in this country is going to

548
00:29:07,680 --> 00:29:11,280
Speaker 1: be enormous, and of course, California's economy so large that

549
00:29:11,360 --> 00:29:13,120
Speaker 1: it can have that kind of impact. And it's going

550
00:29:13,160 --> 00:29:15,760
Speaker 1: to be curious to see what this does for Newsom

551
00:29:15,840 --> 00:29:19,560
Speaker 1: as he tries potentially to buy for the presidency or

552
00:29:19,600 --> 00:29:22,080
Speaker 1: at least the nomination on the Democratic side, should Biden

553
00:29:22,160 --> 00:29:25,400
Speaker 1: drop out. If Gavin Newsom keeps going Rick, maybe he

554
00:29:25,400 --> 00:29:28,640
Speaker 1: gets Elon Musk to move back to California. Uh, He's

555
00:29:28,680 --> 00:29:29,920
Speaker 1: got a lot more work to do to get you

556
00:29:30,240 --> 00:29:32,280
Speaker 1: up back to California. But look, I mean, this is

557
00:29:32,320 --> 00:29:36,560
Speaker 1: about buying new cars in This isn't about the gas

558
00:29:36,560 --> 00:29:39,480
Speaker 1: guzzlers that we haven't our garages in California. They still

559
00:29:39,560 --> 00:29:44,640
Speaker 1: hit the road, They'll still be carn there exactly. But

560
00:29:45,040 --> 00:29:47,560
Speaker 1: that being said, this is a movement. As Genie says,

561
00:29:47,600 --> 00:29:50,960
Speaker 1: there are a lot of car companies that are converting

562
00:29:51,000 --> 00:29:55,120
Speaker 1: the too electric. They're redoing their balance sheets to afford

563
00:29:55,680 --> 00:29:58,680
Speaker 1: the conversion. And and you know, this is a classic

564
00:29:58,680 --> 00:30:00,920
Speaker 1: case of going where the puck is going, not where

565
00:30:00,920 --> 00:30:03,360
Speaker 1: the puck is. Well, that's that's a great point, Genie.

566
00:30:03,360 --> 00:30:06,400
Speaker 1: I mean, GM and Ford, Uh, you know, put Tesla

567
00:30:06,440 --> 00:30:08,240
Speaker 1: aside for a second. If you if you listen to

568
00:30:08,240 --> 00:30:11,960
Speaker 1: the White House, the Big three are fully invested in

569
00:30:12,000 --> 00:30:17,320
Speaker 1: this and by that's that's all they're going to be selling. Well,

570
00:30:17,320 --> 00:30:19,880
Speaker 1: that's right, and and that's why you know, this move

571
00:30:20,120 --> 00:30:22,560
Speaker 1: is you know, leading to a certain extent, but it's

572
00:30:22,600 --> 00:30:25,600
Speaker 1: also following where the industry is going. It depends on

573
00:30:25,640 --> 00:30:27,960
Speaker 1: how fast they get there. But let's also not forget

574
00:30:28,000 --> 00:30:31,200
Speaker 1: how important this is in our fight against climate change.

575
00:30:31,240 --> 00:30:33,640
Speaker 1: I mean, this is a you know, the threat to

576
00:30:33,800 --> 00:30:36,520
Speaker 1: all of us around the world, and it is good

577
00:30:36,560 --> 00:30:40,560
Speaker 1: to see public officials and public institutions leading the way.

578
00:30:40,600 --> 00:30:42,640
Speaker 1: Whether you think this is the right move to make

579
00:30:42,760 --> 00:30:45,640
Speaker 1: or not, something has got to be done. And so

580
00:30:45,680 --> 00:30:48,480
Speaker 1: this is where he's trying to go. And he's got

581
00:30:48,520 --> 00:30:50,200
Speaker 1: a lot of support on that, not just in the

582
00:30:50,240 --> 00:30:54,640
Speaker 1: car manufacturing community, but with voters, particularly young people who

583
00:30:54,640 --> 00:30:57,800
Speaker 1: are really concerned about this issue. Whether Gavin Newsom is

584
00:30:57,800 --> 00:31:00,680
Speaker 1: the nominee for Democrats in twenty four or four years

585
00:31:00,680 --> 00:31:04,000
Speaker 1: after that, Rick, is this the future of the Democratic platform?

586
00:31:04,080 --> 00:31:06,720
Speaker 1: Does that need to be essentially on the ballot in

587
00:31:06,720 --> 00:31:09,520
Speaker 1: twenty four It will be on the ballot in twenty four.

588
00:31:09,560 --> 00:31:13,520
Speaker 1: I think that part of what the Biden administration's most

589
00:31:13,600 --> 00:31:18,160
Speaker 1: recent UM congressional proposal putting an enormous amount of money

590
00:31:18,200 --> 00:31:22,680
Speaker 1: into climate has done is has grabbed that headline into

591
00:31:22,720 --> 00:31:27,600
Speaker 1: their administration, into the Democratic platform, and and the Republican

592
00:31:27,640 --> 00:31:30,840
Speaker 1: opposition to it put them on the defense. And so

593
00:31:31,080 --> 00:31:33,640
Speaker 1: absolutely this is going to be something Democrats are gonna

594
00:31:33,800 --> 00:31:36,960
Speaker 1: have on the top of their agenda alongside of economic issues,

595
00:31:37,040 --> 00:31:39,160
Speaker 1: just like they've done right before going into the midterms.

596
00:31:39,160 --> 00:31:41,560
Speaker 1: He're gonna need a lot of charging stations. That is

597
00:31:41,600 --> 00:31:44,840
Speaker 1: a big state. As we spend time with our panel,

598
00:31:44,880 --> 00:31:46,960
Speaker 1: I have to ask you about this back and forth today,

599
00:31:47,000 --> 00:31:48,840
Speaker 1: and that's not even a back and forth, it's just

600
00:31:48,880 --> 00:31:52,160
Speaker 1: a fourth Rhonda Santis, who we talked about earlier in

601
00:31:52,200 --> 00:31:56,080
Speaker 1: the broadcast, the governor of Florida, just unleashing on Dr

602
00:31:56,120 --> 00:32:00,600
Speaker 1: Anthony Fauci, who reacted to this today on Bloomberg. I

603
00:32:00,600 --> 00:32:02,560
Speaker 1: want to let you listen to what he said, both

604
00:32:02,560 --> 00:32:05,680
Speaker 1: of you. It recalls recent conversations that we have had

605
00:32:05,680 --> 00:32:10,120
Speaker 1: about politicians inciting violence without quite going that far, but

606
00:32:10,240 --> 00:32:12,320
Speaker 1: it's it's pretty tough stuff. I mean, he kind of

607
00:32:12,360 --> 00:32:14,440
Speaker 1: did go this far. This is Rhodes Santis on the

608
00:32:14,440 --> 00:32:19,920
Speaker 1: stump today talking about the outgoing White House Chief Medical Advisory. Yeah,

609
00:32:19,960 --> 00:32:23,920
Speaker 1: people like Fauci saying that his lockdowns didn't cause any

610
00:32:23,960 --> 00:32:27,560
Speaker 1: permanent damage to any young kids. I got news for you.

611
00:32:27,640 --> 00:32:30,520
Speaker 1: It did. And we are gonna reap those rewards across

612
00:32:30,600 --> 00:32:34,240
Speaker 1: the whole country for years and years and years because

613
00:32:34,280 --> 00:32:37,240
Speaker 1: they treated kids so poorly. And I'm just sick of

614
00:32:37,240 --> 00:32:39,960
Speaker 1: seeing him. I know he says he's gonna retire. Someone

615
00:32:40,000 --> 00:32:42,720
Speaker 1: needs to grab that little elf and chuck him across

616
00:32:42,720 --> 00:32:48,320
Speaker 1: the Pacomba. Listen to the applause. Let it rod just

617
00:32:48,600 --> 00:32:53,360
Speaker 1: love this stuff. A little elf, who, of course is Look.

618
00:32:54,000 --> 00:32:57,880
Speaker 1: I agree whatever think about he's He's given his life

619
00:32:57,920 --> 00:32:59,800
Speaker 1: to public service. I think we can all agree on

620
00:33:00,040 --> 00:33:03,760
Speaker 1: at But to suggest he be thrown across the Potomac. Uh. Look,

621
00:33:03,800 --> 00:33:06,400
Speaker 1: I don't want to be, you know, too sensitive about

622
00:33:06,440 --> 00:33:08,840
Speaker 1: this here, but but it really adds to this narrative

623
00:33:09,520 --> 00:33:11,440
Speaker 1: that it might be okay a genie to take this

624
00:33:11,520 --> 00:33:15,240
Speaker 1: out physically. That's right. I was remembering remember Michael Graham

625
00:33:15,280 --> 00:33:17,920
Speaker 1: from the Gray Island of Staten Island in New York

626
00:33:17,920 --> 00:33:20,200
Speaker 1: when he threatened to throw New York One reporter off

627
00:33:20,200 --> 00:33:23,160
Speaker 1: the balcony and you know, he was basically run out

628
00:33:23,200 --> 00:33:25,320
Speaker 1: of Congress, not just as a result of that, but

629
00:33:25,520 --> 00:33:29,120
Speaker 1: the criticism was loud and enormous for that kind of threat.

630
00:33:29,440 --> 00:33:31,719
Speaker 1: And now you see the change, and it's kind of

631
00:33:31,720 --> 00:33:35,040
Speaker 1: this suggery that's going on and these sort of violent

632
00:33:35,080 --> 00:33:38,120
Speaker 1: threats that you know, it's not even been ten years

633
00:33:38,160 --> 00:33:40,959
Speaker 1: since the Michael Grim issue, and you've got the governor

634
00:33:41,000 --> 00:33:44,200
Speaker 1: of a major state of potential nominee for presidents making

635
00:33:44,200 --> 00:33:47,800
Speaker 1: these kind of comments about a public official. It's it's

636
00:33:48,000 --> 00:33:50,880
Speaker 1: pretty depressing. And of course all the reports were you know,

637
00:33:51,000 --> 00:33:53,520
Speaker 1: he is five seven, but run to Santas is just

638
00:33:53,840 --> 00:33:56,600
Speaker 1: five nine, So there's not that much difference between their

639
00:33:56,600 --> 00:33:59,360
Speaker 1: heights a little elf Rick, I don't know what was

640
00:34:00,080 --> 00:34:03,000
Speaker 1: more disturbing their the the line or the reaction from

641
00:34:03,000 --> 00:34:06,200
Speaker 1: the crowd. Yeah, at least it wasn't locked him up.

642
00:34:06,240 --> 00:34:09,080
Speaker 1: I mean that was certainly something that Donald Trump like

643
00:34:09,640 --> 00:34:12,680
Speaker 1: mantra Um. Look, I I do think part of what

644
00:34:12,800 --> 00:34:14,719
Speaker 1: the santist has got to figure out. I mean, this

645
00:34:14,800 --> 00:34:17,120
Speaker 1: is kind of an easy layup for him to be

646
00:34:17,200 --> 00:34:20,360
Speaker 1: this kind of uh, you know, demonizing of of of

647
00:34:20,520 --> 00:34:23,000
Speaker 1: public servant like Faucci. But you know, part of what

648
00:34:23,719 --> 00:34:27,120
Speaker 1: kept Donald Trump from winning re election, um, and which

649
00:34:27,160 --> 00:34:30,040
Speaker 1: is very unusual for a sitting present to not win,

650
00:34:30,920 --> 00:34:34,760
Speaker 1: was the people's fatigue with this kind of rhetoric. Uh.

651
00:34:34,800 --> 00:34:36,960
Speaker 1: And so if he thinks he's going to sort of

652
00:34:37,480 --> 00:34:40,200
Speaker 1: be different than Donald Trump, then he's got to curtail

653
00:34:40,320 --> 00:34:43,399
Speaker 1: this kind of conversation with the American people. At sure

654
00:34:43,480 --> 00:34:46,879
Speaker 1: gets crowd fired up, They're gonna really be entertained. But

655
00:34:46,960 --> 00:34:48,520
Speaker 1: you know, he's gonna need a lot more than that

656
00:34:48,560 --> 00:34:51,200
Speaker 1: crowd he had today to get elected to anything in

657
00:34:51,239 --> 00:34:54,440
Speaker 1: the future. And he's on a ballot this year in Florida.

658
00:34:54,560 --> 00:34:57,120
Speaker 1: And so whether or not this kind of act plays

659
00:34:57,480 --> 00:34:59,759
Speaker 1: is going to be seen soon. Interesting you say that.

660
00:35:00,000 --> 00:35:03,200
Speaker 1: Alie Christ who we also heard from briefly earlier this hour,

661
00:35:03,920 --> 00:35:09,440
Speaker 1: reacting to the idea of well just having received the nomination,

662
00:35:09,480 --> 00:35:11,440
Speaker 1: and asked about you, how do you convert these to

663
00:35:11,560 --> 00:35:13,839
Speaker 1: Santas vote? How do you bring the Santas voters into

664
00:35:13,840 --> 00:35:17,240
Speaker 1: the Democratic fold? His answer was remarkable, Those who support

665
00:35:17,280 --> 00:35:19,759
Speaker 1: the governor should stay with him and vote for him.

666
00:35:19,800 --> 00:35:23,080
Speaker 1: And I don't want your vote. Wow, if you have

667
00:35:23,160 --> 00:35:26,200
Speaker 1: that hate in your heart, keep it there. I want

668
00:35:26,239 --> 00:35:28,320
Speaker 1: the vote of the people of Florida who care about

669
00:35:28,320 --> 00:35:32,520
Speaker 1: our state. Good Democrats, good independence, good Republicans. Is that

670
00:35:32,560 --> 00:35:36,440
Speaker 1: a good strategy, Genie, I do not I'm running for governor.

671
00:35:36,480 --> 00:35:39,440
Speaker 1: I do not want your vote. It's not one I

672
00:35:39,480 --> 00:35:42,040
Speaker 1: would recommend. And and I'm curious to see if Rick

673
00:35:42,120 --> 00:35:46,000
Speaker 1: Davis would have recommended his candidates. You know. But but

674
00:35:46,120 --> 00:35:48,560
Speaker 1: I will say a big challenge for De Santis is

675
00:35:48,600 --> 00:35:50,759
Speaker 1: not only that, in my mind, he's got to win,

676
00:35:51,200 --> 00:35:53,680
Speaker 1: you know, beat Christ He's got to beat him pretty

677
00:35:53,719 --> 00:35:56,400
Speaker 1: handily if he wants to show that he can win nationally.

678
00:35:56,440 --> 00:35:58,200
Speaker 1: And I think it's going to be an uphill battle

679
00:35:58,239 --> 00:36:02,040
Speaker 1: because he did not win handily last time around. Rick,

680
00:36:02,080 --> 00:36:06,200
Speaker 1: should Charlie Chris not welcome the Santis supporters big tents

681
00:36:06,239 --> 00:36:08,160
Speaker 1: something like that, you know, It's it's not a shock

682
00:36:08,239 --> 00:36:10,040
Speaker 1: to me that that he would sort of lay down

683
00:36:10,080 --> 00:36:13,200
Speaker 1: the gauntlet. Um, you know, most of them. I would say,

684
00:36:13,360 --> 00:36:17,960
Speaker 1: virtually every De Santist voter is highly unlikely, if not absolutely,

685
00:36:17,960 --> 00:36:20,880
Speaker 1: will not support Charlie Chris. Right, So if you already

686
00:36:20,880 --> 00:36:22,920
Speaker 1: think the Santis is a good governor, you're not going

687
00:36:23,000 --> 00:36:25,399
Speaker 1: to vote for Charlie Cris. But and the Santis has

688
00:36:25,400 --> 00:36:28,560
Speaker 1: about a fifty approval rating, but I would say that's

689
00:36:28,560 --> 00:36:33,000
Speaker 1: come down from almost sixty just a few months ago. So, um,

690
00:36:33,480 --> 00:36:35,160
Speaker 1: this is a way to divide the house. This is

691
00:36:35,200 --> 00:36:38,239
Speaker 1: a way to create a clear distinction between who you're

692
00:36:38,239 --> 00:36:41,000
Speaker 1: four uh and he's playing. There is a method here,

693
00:36:41,040 --> 00:36:43,680
Speaker 1: there is a strategy. Absolutely. I think this is clear.

694
00:36:43,920 --> 00:36:47,120
Speaker 1: You know, divide the house and start putting pressure on

695
00:36:47,280 --> 00:36:50,799
Speaker 1: people who are soft onto Santists to come over to

696
00:36:50,840 --> 00:36:52,959
Speaker 1: the Chris side. You guys see the top gun ad.

697
00:36:53,239 --> 00:36:57,120
Speaker 1: Should I say the topic of add this is Rhonda

698
00:36:57,200 --> 00:36:59,400
Speaker 1: Santis again? Well, I mean guess he's running for office.

699
00:36:59,440 --> 00:37:02,560
Speaker 1: But peculiar that they put this ad together where he's

700
00:37:02,560 --> 00:37:04,839
Speaker 1: like that, he's Tom Cruise, he's dressed up as a

701
00:37:04,840 --> 00:37:07,720
Speaker 1: fighter pilot, he's Maverick, he's walking out of the hangar.

702
00:37:08,160 --> 00:37:10,919
Speaker 1: Let's see what the F fourteen's going over. Good morning,

703
00:37:11,000 --> 00:37:14,480
Speaker 1: ladies and gentlemen. This is your governor speaking today's training evolution,

704
00:37:14,760 --> 00:37:19,080
Speaker 1: dog fighting thinking on the corporate media. Rules of engagement

705
00:37:19,239 --> 00:37:23,520
Speaker 1: are as follows. Number one, don't fire and less fire

706
00:37:23,560 --> 00:37:28,560
Speaker 1: to get when they fire, you fire. Couple example, does

707
00:37:28,600 --> 00:37:31,200
Speaker 1: it say that in the bill, I'm asking you to

708
00:37:31,280 --> 00:37:33,080
Speaker 1: tell me what's in the bill? You see him facing

709
00:37:33,120 --> 00:37:35,600
Speaker 1: off with reporters that he's knocking them down and telling

710
00:37:35,640 --> 00:37:39,200
Speaker 1: them where it's at and pointing. But he's wearing the helmet, Genie,

711
00:37:39,680 --> 00:37:43,000
Speaker 1: And I'm seeing everywhere on Twitter comparisons Rhoda Santis now

712
00:37:43,000 --> 00:37:45,839
Speaker 1: and Michael Dukakis in the tank. Is that a win

713
00:37:46,000 --> 00:37:48,879
Speaker 1: or a loss? It's a loss if that's the comparison,

714
00:37:49,040 --> 00:37:52,040
Speaker 1: I think, Rick, would you ever put a candidate in

715
00:37:52,120 --> 00:37:55,239
Speaker 1: a helmet? After what we saw with Michael Cannida. I

716
00:37:55,320 --> 00:37:57,920
Speaker 1: had war a helmet in Vietnam and that was the

717
00:37:57,960 --> 00:38:01,160
Speaker 1: best thing that ever happened to him, and an actual fight.

718
00:38:01,200 --> 00:38:05,440
Speaker 1: Utter better be careful appropriating those kinds of symbols. I'm

719
00:38:05,520 --> 00:38:07,120
Speaker 1: Joe Matthew. This is Bloomberg