1 00:00:00,320 --> 00:00:03,120 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,200 --> 00:00:05,920 Speaker 1: do nothing space forts. I still think it's interesting President 3 00:00:05,960 --> 00:00:09,639 Speaker 1: Trump not playing his cards yet. Headlines policy and politics 4 00:00:09,680 --> 00:00:15,080 Speaker 1: colliding to Floomberg sound on, the Insiders, the influencers. I 5 00:00:15,080 --> 00:00:17,760 Speaker 1: would rather see a congressional solution. It's part of my DNA. 6 00:00:18,000 --> 00:00:20,680 Speaker 1: The Senate map in looks a lot in twenty. You 7 00:00:20,720 --> 00:00:23,560 Speaker 1: really have a divide within Team Trump. The President has 8 00:00:23,600 --> 00:00:25,560 Speaker 1: to do exactly what people send him here to do, 9 00:00:25,640 --> 00:00:28,880 Speaker 1: which is to get it done. This is Bloomberg sound 10 00:00:28,960 --> 00:00:33,319 Speaker 1: on with Heaven's shirling on Bloomberg one and one oh 11 00:00:33,360 --> 00:00:37,280 Speaker 1: five points m D two Presidents. He wants to buy 12 00:00:37,440 --> 00:00:41,320 Speaker 1: Greenland again, but can you do it? It all comes 13 00:00:41,400 --> 00:00:43,640 Speaker 1: as the President sets a head to the G seven 14 00:00:43,720 --> 00:00:48,520 Speaker 1: later this week, as chatter about a potential recession continues 15 00:00:48,560 --> 00:00:52,239 Speaker 1: to dominate the discourse on Wall Street, May Street, and 16 00:00:52,720 --> 00:00:56,800 Speaker 1: the ongoing saga with China. We're gonna dive into all 17 00:00:56,840 --> 00:01:00,680 Speaker 1: of that with a special panel Lauren Claffey, Republican strategists, 18 00:01:00,680 --> 00:01:05,760 Speaker 1: managing director at Hamilton Place Strategies, Anson Han, Democratic strategists 19 00:01:05,959 --> 00:01:10,480 Speaker 1: at Rock Solutions, and former Blue Communications director. But before 20 00:01:10,520 --> 00:01:13,000 Speaker 1: we get to all of that, we have a very 21 00:01:13,080 --> 00:01:19,160 Speaker 1: special guest, presidential candidate, best selling author and advers Maryanne Williamson, 22 00:01:19,280 --> 00:01:22,039 Speaker 1: fresh off of Bloomberg Television. She's here, mary Anne, thank 23 00:01:22,080 --> 00:01:24,240 Speaker 1: you for being here, Thank you for having me. And 24 00:01:24,360 --> 00:01:29,000 Speaker 1: you just recently crossed the donor threshold to qualify for 25 00:01:29,040 --> 00:01:32,440 Speaker 1: the third Democratic presidential debate. Now you've got to get 26 00:01:32,480 --> 00:01:35,720 Speaker 1: a certain number of poles. Yeah, you're supposed to get 27 00:01:35,760 --> 00:01:39,840 Speaker 1: two in four polls. So we'll see. When did the 28 00:01:39,959 --> 00:01:42,319 Speaker 1: polls come out? Well, you never know. It's kind of 29 00:01:42,360 --> 00:01:44,320 Speaker 1: like every day you kind of wait as all coming. 30 00:01:45,240 --> 00:01:48,360 Speaker 1: So you also wonder who are these people being pulled? 31 00:01:48,800 --> 00:01:51,000 Speaker 1: And I've heard so many people say, well, I was pulled, 32 00:01:51,000 --> 00:01:53,440 Speaker 1: but they didn't ask your name, they didn't mention your name, 33 00:01:53,720 --> 00:01:57,160 Speaker 1: which of course is problematical. So if you don't qualify 34 00:01:57,240 --> 00:01:59,120 Speaker 1: for the debate, are you going to drop out of 35 00:01:59,120 --> 00:02:02,200 Speaker 1: the race or you in for the foreseeable future. Now 36 00:02:02,280 --> 00:02:04,040 Speaker 1: I'm I'm in this race as long as I feel 37 00:02:04,040 --> 00:02:07,280 Speaker 1: that there's an audience. Uh, people are listening, My words 38 00:02:07,280 --> 00:02:10,400 Speaker 1: are landing, I have something meaningful to say. It's having 39 00:02:10,400 --> 00:02:13,640 Speaker 1: an influence. Now I'm I'm doing this. I'm I'm doing this. 40 00:02:13,720 --> 00:02:16,760 Speaker 1: I'm here for a reason you're in all right. So 41 00:02:16,800 --> 00:02:19,160 Speaker 1: there's been a lot of talk, especially today. I was 42 00:02:19,240 --> 00:02:22,280 Speaker 1: at the White House earlier this morning, and then the 43 00:02:22,360 --> 00:02:24,639 Speaker 1: talk is it's still about whether or not there's going 44 00:02:24,680 --> 00:02:28,760 Speaker 1: to be a recession. President Trump, essentially, for his part, 45 00:02:28,840 --> 00:02:31,320 Speaker 1: later in the day, came out, talked to reporters and says, 46 00:02:31,520 --> 00:02:35,560 Speaker 1: the economy is doing well, no need to worry. How 47 00:02:35,600 --> 00:02:41,480 Speaker 1: would you, President, Maryanne Williamson, avert a financial collapse should 48 00:02:41,520 --> 00:02:44,200 Speaker 1: you become president of the United States. Well, I don't 49 00:02:44,240 --> 00:02:46,440 Speaker 1: buy that we're necessarily on the verge of a quote 50 00:02:46,520 --> 00:02:49,359 Speaker 1: unquote financial collapse, and I certainly wouldn't talk that way. 51 00:02:49,560 --> 00:02:52,200 Speaker 1: I wouldn't say something as ridiculous as what the President said, 52 00:02:52,280 --> 00:02:55,560 Speaker 1: which is we're doing great. I wouldn't say that. I 53 00:02:55,600 --> 00:02:58,320 Speaker 1: would have a far more a sober and honest appraisal 54 00:02:58,360 --> 00:03:00,480 Speaker 1: of what is happening. But neither would I be hannicking, 55 00:03:00,680 --> 00:03:02,320 Speaker 1: because I don't think at a moment like this we 56 00:03:02,320 --> 00:03:05,280 Speaker 1: need people to panic either. There are signs a good 57 00:03:05,280 --> 00:03:08,519 Speaker 1: point to recession, but it's not inevitable. And what I 58 00:03:08,520 --> 00:03:11,160 Speaker 1: would be concerned about economically has to do with the 59 00:03:11,240 --> 00:03:14,320 Speaker 1: fundamentals of our economy. I think part of the problem 60 00:03:14,360 --> 00:03:17,320 Speaker 1: is that the president is so it's almost like it's 61 00:03:17,360 --> 00:03:20,200 Speaker 1: it's almost like King George and his whims, you know, 62 00:03:20,440 --> 00:03:23,280 Speaker 1: it's like, what's the king gonna do? Yeah, and as Yeah, 63 00:03:23,320 --> 00:03:25,600 Speaker 1: you don't run an economy or any other aspect of 64 00:03:25,639 --> 00:03:29,200 Speaker 1: the US government, according to presidential tweets. But unfortunately, and 65 00:03:29,200 --> 00:03:32,000 Speaker 1: now we do. Marian Williamson is here. She is a 66 00:03:32,840 --> 00:03:36,400 Speaker 1: Democratic presidential candidate. We were talking a little bit about 67 00:03:36,440 --> 00:03:39,720 Speaker 1: this on Bloomberg Television earlier about the idea of tariffs 68 00:03:39,720 --> 00:03:42,720 Speaker 1: and whether or not they're a good tool to utilize 69 00:03:42,720 --> 00:03:46,760 Speaker 1: in negotiating in negotiating trade deals with China, for example. 70 00:03:46,840 --> 00:03:50,080 Speaker 1: Your thoughts on tariffs, Well, I think that the idea 71 00:03:50,160 --> 00:03:54,160 Speaker 1: that tariffs are in the presidential toolkit is not unreasonable. 72 00:03:54,520 --> 00:03:57,040 Speaker 1: But as we know with this president, he he uses 73 00:03:57,640 --> 00:04:00,760 Speaker 1: the instruments that are at his command, even when one 74 00:04:00,840 --> 00:04:03,200 Speaker 1: might say, well using them isn't so awful. He uses 75 00:04:03,280 --> 00:04:06,040 Speaker 1: everything like a blunt instrument. He doesn't have any sense 76 00:04:06,040 --> 00:04:08,680 Speaker 1: of nuance, he doesn't have any sense of proportionality. It 77 00:04:08,720 --> 00:04:11,160 Speaker 1: seems to me the place where I do think the 78 00:04:11,200 --> 00:04:16,080 Speaker 1: president um as a point that is legitimate, it has 79 00:04:16,120 --> 00:04:18,719 Speaker 1: to do a standing up to China. That I do 80 00:04:18,839 --> 00:04:20,720 Speaker 1: not disagree with, and I think it was overdue and 81 00:04:20,760 --> 00:04:22,680 Speaker 1: it was time. But I think that there are other 82 00:04:22,680 --> 00:04:24,799 Speaker 1: ways to do that, and I think that the idea 83 00:04:24,800 --> 00:04:28,359 Speaker 1: of companies going over there giving away so many of 84 00:04:28,400 --> 00:04:31,800 Speaker 1: their secrets in exchange for their own profits when some 85 00:04:31,839 --> 00:04:33,640 Speaker 1: of those secrets, you know, we all know while they 86 00:04:33,640 --> 00:04:36,279 Speaker 1: can't give away military secrets, but we're living at a 87 00:04:36,360 --> 00:04:40,400 Speaker 1: time where it could be argued that any technological availability, 88 00:04:40,520 --> 00:04:43,800 Speaker 1: or certainly a lot of it, is ultimately a security issue. 89 00:04:44,040 --> 00:04:46,039 Speaker 1: So that's where I think that we should have started. 90 00:04:46,400 --> 00:04:48,120 Speaker 1: But of course he didn't want to cause any problems 91 00:04:48,160 --> 00:04:50,839 Speaker 1: for his good friends. It's been fascinating to watch the 92 00:04:50,880 --> 00:04:54,520 Speaker 1: protests in Hong Kong and really how that's really playing 93 00:04:54,560 --> 00:04:58,320 Speaker 1: out with President she jing ping and the impact that 94 00:04:58,320 --> 00:05:04,640 Speaker 1: that's having on President She's uh domestic regime. Well, I 95 00:05:04,960 --> 00:05:08,159 Speaker 1: my heart is so moved by those people. You know, 96 00:05:08,200 --> 00:05:12,640 Speaker 1: I'm old enough to remember Tenement Square, the level of 97 00:05:12,720 --> 00:05:16,919 Speaker 1: courage that it takes for people in Hong Kong to 98 00:05:17,080 --> 00:05:19,680 Speaker 1: be protesting the way they are. And of course there's 99 00:05:19,720 --> 00:05:22,400 Speaker 1: a lot of talk right now about this British consulate 100 00:05:22,839 --> 00:05:25,360 Speaker 1: that went into mainland, and they haven't heard from him. 101 00:05:25,440 --> 00:05:28,760 Speaker 1: These people, as we know, can be beyond tough. They 102 00:05:28,800 --> 00:05:31,719 Speaker 1: can be brutal, and my heart is you know these 103 00:05:31,720 --> 00:05:34,479 Speaker 1: people in my prayers. I hear your tone about Hong Kong, 104 00:05:34,560 --> 00:05:37,880 Speaker 1: and I contrasted with the tone coming from the White House. 105 00:05:37,920 --> 00:05:41,960 Speaker 1: There's been some criticism of the administration, even amongst Republicans 106 00:05:41,960 --> 00:05:45,120 Speaker 1: that I've spoken to, that the President hasn't taken as 107 00:05:45,160 --> 00:05:49,120 Speaker 1: aggressive of a support stance for Hong Kong. Well, this 108 00:05:49,200 --> 00:05:52,039 Speaker 1: president isn't known for his love of democracy, and he 109 00:05:52,080 --> 00:05:55,000 Speaker 1: isn't known for his love of human rights. The president 110 00:05:55,040 --> 00:05:57,880 Speaker 1: doesn't seem to have any visceral taste for democracy. So 111 00:05:57,920 --> 00:06:00,800 Speaker 1: this is not someone that about whom I'm shocked or 112 00:06:00,800 --> 00:06:03,719 Speaker 1: surprised that he's not even making a comment to say, 113 00:06:03,839 --> 00:06:07,320 Speaker 1: these people are trying to uphold democratic values and we 114 00:06:07,480 --> 00:06:09,559 Speaker 1: in the United States would always be on the side 115 00:06:09,560 --> 00:06:14,400 Speaker 1: of that. Maria Williamson's here. She's presidential candidate, best selling 116 00:06:14,480 --> 00:06:16,640 Speaker 1: author and activists. You know, I told you this when 117 00:06:16,640 --> 00:06:20,279 Speaker 1: we were in between TV and radio. But I when 118 00:06:20,279 --> 00:06:23,839 Speaker 1: I was researching for this particular interview, and I went down, 119 00:06:24,200 --> 00:06:28,039 Speaker 1: like any other reporter, millennial reporter, the YouTube wormhole, and 120 00:06:28,080 --> 00:06:30,279 Speaker 1: I was watching some of your appearances on the Oprah 121 00:06:30,320 --> 00:06:34,040 Speaker 1: Winfrey Show, including an appearance after nine eleven in which 122 00:06:34,040 --> 00:06:38,520 Speaker 1: you spoke I believe it was that month about Islamophobia 123 00:06:39,000 --> 00:06:43,000 Speaker 1: in America, and that show really had an impact on 124 00:06:43,040 --> 00:06:47,080 Speaker 1: the country. And I'm curious from your vantage point now 125 00:06:47,120 --> 00:06:50,159 Speaker 1: as you run for president, and as you travel the 126 00:06:50,200 --> 00:06:53,520 Speaker 1: country and meet with with voters, but also as you 127 00:06:53,640 --> 00:06:58,240 Speaker 1: navigate this political climate, just what has surprised you the 128 00:06:58,360 --> 00:07:03,760 Speaker 1: most from being a presidential candidate as you reflect back 129 00:07:03,839 --> 00:07:06,680 Speaker 1: on there's early Oprah win Free appearances. I won't say 130 00:07:06,720 --> 00:07:09,000 Speaker 1: that it surprises me, but I will say that it 131 00:07:09,080 --> 00:07:13,280 Speaker 1: moves me how good people are, and how much people 132 00:07:13,320 --> 00:07:17,240 Speaker 1: do care, and how much smarter and more noble the 133 00:07:17,320 --> 00:07:21,000 Speaker 1: average Americans seems to be than the political establishment seems 134 00:07:21,040 --> 00:07:23,880 Speaker 1: to have any idea. There are far more people who 135 00:07:23,920 --> 00:07:26,600 Speaker 1: love in this country than who hate. The problem is 136 00:07:26,640 --> 00:07:29,000 Speaker 1: that those who hate hate with conviction today and they've 137 00:07:29,040 --> 00:07:33,000 Speaker 1: become politicized. And this is a very dangerous phenomenon whenever 138 00:07:33,040 --> 00:07:37,920 Speaker 1: you have large groups of people who politicize around hatred, bigotry, racism, etcetera. 139 00:07:38,160 --> 00:07:40,800 Speaker 1: What we need to do now is to harness all 140 00:07:40,840 --> 00:07:45,800 Speaker 1: the goodness, the decency, the nobility, the compassion, the sense 141 00:07:45,800 --> 00:07:48,640 Speaker 1: of justice and love for our democracy of so many people. 142 00:07:49,000 --> 00:07:51,280 Speaker 1: That inspires me. I feel when I speak of that, 143 00:07:51,320 --> 00:07:54,000 Speaker 1: I've heard people are ready for that. And that's what 144 00:07:54,040 --> 00:07:57,520 Speaker 1: my campaign career really is, the American dream. I mean, 145 00:07:57,520 --> 00:08:01,480 Speaker 1: here you are, you become this besting author, You travel 146 00:08:01,520 --> 00:08:04,400 Speaker 1: the country, you give these these speeches or at speeches 147 00:08:04,440 --> 00:08:07,720 Speaker 1: are the wrong word, but but you get your host 148 00:08:07,800 --> 00:08:11,200 Speaker 1: these engagements. Uh. And now you find yourself in a 149 00:08:11,240 --> 00:08:14,920 Speaker 1: party that when we talk about this virtually every other day, 150 00:08:14,960 --> 00:08:18,040 Speaker 1: about that that is at the tension the democratic, socialist, 151 00:08:18,280 --> 00:08:23,200 Speaker 1: the capitalist, the centrist. Are you a capitalist? Yes, I'm yes, 152 00:08:23,280 --> 00:08:26,200 Speaker 1: I'm a capitalist. I believe in capitalism with a conscience. 153 00:08:26,600 --> 00:08:30,680 Speaker 1: Capitalism must reclaim it's moral core. I am not someone 154 00:08:30,720 --> 00:08:34,960 Speaker 1: who believes that capitalism is inherently a moral but I 155 00:08:35,000 --> 00:08:37,640 Speaker 1: believe that over the last forty years there is an 156 00:08:37,679 --> 00:08:41,480 Speaker 1: almost virulent strain of capitalism that is immoral, that has 157 00:08:41,480 --> 00:08:45,760 Speaker 1: placed stockholdholder value, short term profits and produciary responsibility for 158 00:08:45,800 --> 00:08:49,960 Speaker 1: stockholders alone at the expense of the other shareholders, the 159 00:08:49,960 --> 00:08:53,920 Speaker 1: other stakeholders, the workers, the the the environment, the community. 160 00:08:53,960 --> 00:08:56,160 Speaker 1: You know, I'm old enough to remember a time and 161 00:08:56,200 --> 00:08:59,240 Speaker 1: I'm not romanticizing the past, but there was a time 162 00:08:59,280 --> 00:09:02,240 Speaker 1: when I would screwing up that the American corporation was 163 00:09:02,320 --> 00:09:05,360 Speaker 1: expected to care where if someone had worked for the 164 00:09:05,400 --> 00:09:08,720 Speaker 1: corporation for decades, the corporation was expected to care whether 165 00:09:08,800 --> 00:09:12,160 Speaker 1: or not that person had a dignified retirement. Now, when 166 00:09:12,200 --> 00:09:15,960 Speaker 1: people like Jeremy Grantham started talking, Ray Dalio started talking, 167 00:09:16,160 --> 00:09:19,880 Speaker 1: what has happened recently with this business roundtable, I think 168 00:09:19,920 --> 00:09:23,440 Speaker 1: some chairman of the business round some people clearly have 169 00:09:23,679 --> 00:09:27,360 Speaker 1: gotten the message. They're not stupid. They will either self 170 00:09:27,480 --> 00:09:30,600 Speaker 1: correct or you're gonna have a younger generation that's gonna 171 00:09:31,040 --> 00:09:34,000 Speaker 1: gonna storm those ramparts. You know, they're going to storm 172 00:09:34,000 --> 00:09:37,559 Speaker 1: the bastille because you have millions of younger people now 173 00:09:37,920 --> 00:09:40,040 Speaker 1: who are saying what am I supposed to be so 174 00:09:40,080 --> 00:09:43,840 Speaker 1: scared of about socialism? The free healthcare or the free college? 175 00:09:44,280 --> 00:09:46,400 Speaker 1: And then I'm saying, what is global capitalism ever done 176 00:09:46,440 --> 00:09:50,040 Speaker 1: for me? So I believe that capitalism can correct, and 177 00:09:50,040 --> 00:09:53,160 Speaker 1: and it must now there is there's no more no 178 00:09:53,240 --> 00:09:56,200 Speaker 1: more time to waste guys, and that is what I believe. 179 00:09:56,240 --> 00:10:00,800 Speaker 1: I believe the capitalism can you know it, Capitalism is 180 00:10:00,920 --> 00:10:05,600 Speaker 1: very good at at wealth creation opportunities. But unfortunately, over 181 00:10:05,600 --> 00:10:08,600 Speaker 1: the last forty years, those wealth creation opportunities have been 182 00:10:08,640 --> 00:10:11,720 Speaker 1: limited to a very very small purview and very very 183 00:10:12,240 --> 00:10:15,040 Speaker 1: small number of Americans, and that is not right. Coming up, 184 00:10:15,040 --> 00:10:17,120 Speaker 1: I'm gonna ask you about your policies, the Department of 185 00:10:17,200 --> 00:10:20,720 Speaker 1: Peace plan that you unveiled earlier this week, also about reparations. 186 00:10:21,200 --> 00:10:24,120 Speaker 1: Everyone's talking about reparations now it is. It is fully 187 00:10:24,160 --> 00:10:28,280 Speaker 1: now into the democratic consciousness, of the democratic apology, of 188 00:10:28,800 --> 00:10:31,760 Speaker 1: democratic platform. I don't need a policy. I don't know 189 00:10:32,000 --> 00:10:35,120 Speaker 1: the word word salad, all right, Marian Williamson stays. I'm 190 00:10:35,200 --> 00:10:38,720 Speaker 1: Kevin Cirelli, chief Washington correspondent for Bloomberg Television Bloomberg Radio. 191 00:10:39,120 --> 00:10:42,520 Speaker 1: You can download the Bloomberg Sound On podcast on Apple iTunes, 192 00:10:42,559 --> 00:10:46,040 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 193 00:10:46,080 --> 00:10:48,000 Speaker 1: You can also find me on Radio dot Com, I 194 00:10:48,080 --> 00:10:53,800 Speaker 1: Heart Radio, and Spotify. This is Bloomberg's Sound On with 195 00:10:53,920 --> 00:10:58,000 Speaker 1: Kevin Surreley on Bloomberg one and one oh five point 196 00:10:58,080 --> 00:11:01,760 Speaker 1: seven f m h D two. I'm Kevin Cirelli, chief 197 00:11:01,840 --> 00:11:05,840 Speaker 1: Washington correspondent from Bloomberg Television and Bloomberg Radio. I'm joined 198 00:11:06,080 --> 00:11:08,880 Speaker 1: here in studio. She's been so generous with her time. 199 00:11:08,960 --> 00:11:14,560 Speaker 1: Marianne Williamson, presidential candidate, best selling author and activists and you. 200 00:11:15,360 --> 00:11:20,000 Speaker 1: Marianne were at the African American Chamber of Commerce earlier 201 00:11:20,040 --> 00:11:25,120 Speaker 1: today talking business, talking business policies, and talking about reparations. So, 202 00:11:25,320 --> 00:11:29,280 Speaker 1: in Layman's terms, to folks who are unfamiliar with this policy, 203 00:11:29,320 --> 00:11:31,120 Speaker 1: what is it, because it's more than just writing a 204 00:11:31,200 --> 00:11:36,160 Speaker 1: check to every African American individual, every African American. Well, 205 00:11:36,200 --> 00:11:39,520 Speaker 1: it's the idea of money that would be dispersed over 206 00:11:39,559 --> 00:11:41,760 Speaker 1: a period of twenty years, and it would be for 207 00:11:41,800 --> 00:11:45,720 Speaker 1: the purposes of economic and educational renewal. The idea of 208 00:11:45,760 --> 00:11:49,840 Speaker 1: reparations is different than the idea of race based policies. 209 00:11:49,880 --> 00:11:53,160 Speaker 1: So there's this general consensus and understanding that there is 210 00:11:53,200 --> 00:11:56,600 Speaker 1: an economic gap, a serious economic gap that began at 211 00:11:56,600 --> 00:11:59,080 Speaker 1: the end of the Civil War and that has has 212 00:11:59,800 --> 00:12:02,800 Speaker 1: now only continued, but that at various times in our 213 00:12:02,880 --> 00:12:05,640 Speaker 1: history when there has been an accumulation of black wealth, 214 00:12:05,960 --> 00:12:09,600 Speaker 1: there have been state and local efforts that have actually 215 00:12:09,720 --> 00:12:13,760 Speaker 1: thwarted those efforts. Therefore, there is a general consensus, and 216 00:12:13,760 --> 00:12:16,840 Speaker 1: I believe this is a very pregnant moment that something 217 00:12:16,960 --> 00:12:20,040 Speaker 1: is owed. Just like after World War Two, Germany paid 218 00:12:20,080 --> 00:12:25,280 Speaker 1: eighty nine billion dollars in uh in reparations to Jewish organizations. Now, 219 00:12:25,320 --> 00:12:28,720 Speaker 1: even though this doesn't mean the Holocaust didn't happen, it 220 00:12:28,800 --> 00:12:32,480 Speaker 1: has gone far towards establishing reconciliation between Germany and the 221 00:12:32,559 --> 00:12:37,000 Speaker 1: Jews of Europe. Miriam Williamson here Democratic presidential candidate, best 222 00:12:37,040 --> 00:12:40,280 Speaker 1: selling author and activists on the issue of reparations. What 223 00:12:40,320 --> 00:12:43,160 Speaker 1: do you say to folks who say, well, hey, wait 224 00:12:43,200 --> 00:12:49,080 Speaker 1: a minute, this isn't this doesn't mesh with with Maybe 225 00:12:49,120 --> 00:12:51,599 Speaker 1: maybe they they folks are saying, you know, I I 226 00:12:52,480 --> 00:12:56,120 Speaker 1: believe in equality. I believe that African Americans should have 227 00:12:56,360 --> 00:12:59,800 Speaker 1: every right as every American. But the idea of some 228 00:13:00,000 --> 00:13:03,760 Speaker 1: type of reparation system just doesn't doesn't connect with them, 229 00:13:03,840 --> 00:13:06,120 Speaker 1: or doesn't click with them, or they don't understand it well. 230 00:13:06,120 --> 00:13:08,839 Speaker 1: As I was just saying, there's a history here, and 231 00:13:08,920 --> 00:13:11,600 Speaker 1: I don't find It's not my belief or my experience 232 00:13:11,880 --> 00:13:14,720 Speaker 1: that the average American is racist. I don't, but I 233 00:13:14,720 --> 00:13:18,120 Speaker 1: do think the average American is woefully under educated about 234 00:13:18,120 --> 00:13:20,960 Speaker 1: the history of race in the United States. So to 235 00:13:21,040 --> 00:13:23,360 Speaker 1: the person who might have said what you just said, 236 00:13:23,400 --> 00:13:26,360 Speaker 1: I have found that when I then respond by pointing 237 00:13:26,360 --> 00:13:29,280 Speaker 1: out that the first enslaved people were brought over here 238 00:13:29,360 --> 00:13:34,000 Speaker 1: in sixteen nineteen, that slavery then existed for two hundred 239 00:13:34,120 --> 00:13:37,920 Speaker 1: and fifty years, that when slavery was abolished in eighteen 240 00:13:37,960 --> 00:13:42,400 Speaker 1: sixty five, that were between four and five million enslaved people. 241 00:13:43,200 --> 00:13:48,280 Speaker 1: Then there was another hundred years of institutionalized violence against 242 00:13:48,360 --> 00:13:50,800 Speaker 1: black people. So you actually point out to people, we're 243 00:13:50,800 --> 00:13:56,200 Speaker 1: talking three hundred and fifty years of institutionalized violence against 244 00:13:56,240 --> 00:13:59,880 Speaker 1: black people. You're talking about an economic gap that existed 245 00:14:00,040 --> 00:14:03,840 Speaker 1: then that continued to exist. And what I find in 246 00:14:03,880 --> 00:14:07,440 Speaker 1: the whitest states in America, people stand up with massive applause. 247 00:14:07,480 --> 00:14:12,280 Speaker 1: In Iowa, stand up with massive applause. In in New Hampshire, 248 00:14:12,360 --> 00:14:14,720 Speaker 1: people understand whether it has to do with the Jews 249 00:14:15,240 --> 00:14:19,200 Speaker 1: being paid reparations after World War Two, or Ronald D. 250 00:14:19,200 --> 00:14:24,560 Speaker 1: Reagan in signed the American Civil Liberties Act right where 251 00:14:24,600 --> 00:14:28,320 Speaker 1: every surviving prisoner from the Japanese and German camps were 252 00:14:28,320 --> 00:14:31,440 Speaker 1: given between twenty and twenty two thousand dollars. So we're 253 00:14:31,480 --> 00:14:33,680 Speaker 1: living at a time and this has been true since 254 00:14:33,760 --> 00:14:38,760 Speaker 1: the mid twentieth century. The idea of of economic restitution 255 00:14:39,320 --> 00:14:43,480 Speaker 1: from one person or people who has wronged another is 256 00:14:43,520 --> 00:14:46,520 Speaker 1: not a French idea. And it's an economic stimulus. By 257 00:14:46,520 --> 00:14:49,080 Speaker 1: the way, Remember this money is going into people's lives, 258 00:14:49,080 --> 00:14:50,640 Speaker 1: weather it has do with education, whether it has do 259 00:14:50,640 --> 00:14:52,640 Speaker 1: with historic black colleges, what That's what I wanted to 260 00:14:52,840 --> 00:14:55,280 Speaker 1: It's money, that stimulus what I wanted to to just 261 00:14:55,400 --> 00:14:57,440 Speaker 1: you know, and and that's what the point that I 262 00:14:57,440 --> 00:14:59,400 Speaker 1: wanted to hammer home here is that you're not saying 263 00:14:59,440 --> 00:15:01,280 Speaker 1: the government's on the right at check to every black 264 00:15:01,320 --> 00:15:04,040 Speaker 1: person in America. You're saying that you're over a twenty 265 00:15:04,120 --> 00:15:07,920 Speaker 1: year period, there would be an investment absolutely predominantly African 266 00:15:07,960 --> 00:15:11,760 Speaker 1: American well communities or however it would be. The people 267 00:15:11,800 --> 00:15:15,200 Speaker 1: on this council would be themselves successful Black entrepreneurs, be 268 00:15:15,320 --> 00:15:19,680 Speaker 1: successful scholars on the topics of on the topic of reparations, 269 00:15:19,720 --> 00:15:24,280 Speaker 1: obviously a very carefully chosen UH Reparations Council. Then there 270 00:15:24,320 --> 00:15:26,320 Speaker 1: would be the stipulation the oversight from the U. S. 271 00:15:26,400 --> 00:15:29,680 Speaker 1: Government would be purposes of economic and educational renewal. But 272 00:15:29,920 --> 00:15:32,360 Speaker 1: within that, if I owe you money, I don't get 273 00:15:32,400 --> 00:15:34,600 Speaker 1: to tell you how to spend it. So this council 274 00:15:34,680 --> 00:15:38,160 Speaker 1: might say has to do with wealth creating opportunities, what 275 00:15:38,480 --> 00:15:40,840 Speaker 1: has to do with capital investment through chambers of commerce, 276 00:15:41,160 --> 00:15:43,760 Speaker 1: It might have to do with historical black colleges. Then 277 00:15:43,760 --> 00:15:45,960 Speaker 1: they get decided, is that Cleveland, is that Detroit, is 278 00:15:46,000 --> 00:15:50,680 Speaker 1: that Indianapolis, rural American, rural America? Wherever? That is for 279 00:15:50,720 --> 00:15:53,800 Speaker 1: them to decide. And you know, moral, uh, there's a 280 00:15:53,840 --> 00:15:58,400 Speaker 1: great moral power in reparations because there is an inherent maykopa. 281 00:15:59,360 --> 00:16:01,640 Speaker 1: It is an allegement of a debt that is owed, 282 00:16:01,720 --> 00:16:03,880 Speaker 1: a wrong that was done, a debt that is owed, 283 00:16:04,320 --> 00:16:07,480 Speaker 1: and the willingness of one people to pay that debt. 284 00:16:07,720 --> 00:16:11,080 Speaker 1: So it carries psychological and emotional power as well as 285 00:16:11,120 --> 00:16:15,080 Speaker 1: economic force. Switching gears. The Department of Peace, this has 286 00:16:15,120 --> 00:16:17,800 Speaker 1: been something else that that that really you've been known 287 00:16:17,920 --> 00:16:20,720 Speaker 1: for now is creating this Department of Peace. You know, 288 00:16:20,720 --> 00:16:22,800 Speaker 1: I studied this. I was I'm gonna be honest, I 289 00:16:22,800 --> 00:16:25,400 Speaker 1: can't lie to you. I was very skeptical when I 290 00:16:25,440 --> 00:16:28,120 Speaker 1: first heard about this, and I wanted to really understand it. 291 00:16:28,400 --> 00:16:30,240 Speaker 1: But as I started to look at it, I thought, well, 292 00:16:30,240 --> 00:16:32,680 Speaker 1: what I mean, this is soft power. This is using 293 00:16:32,720 --> 00:16:36,120 Speaker 1: the state's department for all of the positive things that 294 00:16:36,200 --> 00:16:38,760 Speaker 1: civil servants in the State's department have done for since 295 00:16:38,760 --> 00:16:41,920 Speaker 1: the creation of our country, whether it's lifting up their 296 00:16:41,920 --> 00:16:45,840 Speaker 1: world countries or the Peace Corps, or using soft power 297 00:16:45,920 --> 00:16:48,840 Speaker 1: to empower communities around the world. Well, first of all, 298 00:16:48,880 --> 00:16:50,680 Speaker 1: the idea of a Department of peace goes all the 299 00:16:50,720 --> 00:16:52,680 Speaker 1: way back to Benjamin Rush, one of the signers of 300 00:16:52,720 --> 00:16:55,600 Speaker 1: the Declaration of Independence. In terms of what the State 301 00:16:55,640 --> 00:16:58,800 Speaker 1: Department does, You're absolutely correct, But look at the at 302 00:16:58,840 --> 00:17:01,560 Speaker 1: the at the compare a son of the resources. You 303 00:17:01,600 --> 00:17:04,720 Speaker 1: have a seven hundred and fifty billion dollar military budget. 304 00:17:04,760 --> 00:17:08,640 Speaker 1: The State Department, which is diplomacy, UH Development and Mediation, 305 00:17:08,800 --> 00:17:12,399 Speaker 1: gets forty billions. Then within that the U. S a 306 00:17:12,560 --> 00:17:17,080 Speaker 1: i D Or humanitarian assistance is seventeen billion, and the 307 00:17:17,119 --> 00:17:21,040 Speaker 1: people who are actually the peace building agencies get less 308 00:17:21,080 --> 00:17:23,600 Speaker 1: than one billion. What I'm saying is there needs to 309 00:17:23,640 --> 00:17:27,320 Speaker 1: be a far more robust actual partnership. The peace builders 310 00:17:27,320 --> 00:17:30,000 Speaker 1: should have a real place at the table of power 311 00:17:30,040 --> 00:17:33,560 Speaker 1: in determining our national security agenda. You don't just take medicine, 312 00:17:33,560 --> 00:17:37,560 Speaker 1: you cultivate health, and you don't just endlessly prepare for war. 313 00:17:37,840 --> 00:17:41,200 Speaker 1: You also proactively wage peace. So I got a press 314 00:17:41,200 --> 00:17:42,600 Speaker 1: you on this because what do you say to voters 315 00:17:42,600 --> 00:17:45,200 Speaker 1: who say, hey, wait a minute, not my what's going 316 00:17:45,240 --> 00:17:48,280 Speaker 1: on in another country, not my problem. I shouldn't have 317 00:17:48,320 --> 00:17:51,359 Speaker 1: the American taxpayers shouldn't have to pay for that. That's 318 00:17:51,400 --> 00:17:54,199 Speaker 1: not that shouldn't be something that that that they have 319 00:17:54,280 --> 00:17:56,159 Speaker 1: to pay for. When I say to that person, they 320 00:17:56,200 --> 00:17:57,920 Speaker 1: might want to pick up a newspaper. Every once in 321 00:17:57,960 --> 00:18:01,720 Speaker 1: a while you think, okay, you think what happened in 322 00:18:01,760 --> 00:18:05,199 Speaker 1: Guatemala and Honduras and El Salvador isn't your problem. You 323 00:18:05,240 --> 00:18:07,840 Speaker 1: think what happened in Iraq and the creation of ISIS 324 00:18:07,880 --> 00:18:11,760 Speaker 1: today isn't your problem. That's just that's just putting blinders on. 325 00:18:12,119 --> 00:18:14,800 Speaker 1: We should say large groups of desperate people as a 326 00:18:14,960 --> 00:18:18,720 Speaker 1: national security risk. Large groups of desperate people are more 327 00:18:18,800 --> 00:18:24,080 Speaker 1: vulnerable to uh, to ideological capture by genuinely psychotic forces, 328 00:18:24,320 --> 00:18:26,359 Speaker 1: and then you have a serious problem. So if you 329 00:18:26,400 --> 00:18:30,440 Speaker 1: think that that's that that the United States and American 330 00:18:30,480 --> 00:18:35,120 Speaker 1: foreign policy, in any foreign policy or any governmental policy 331 00:18:35,160 --> 00:18:38,280 Speaker 1: that's public, doesn't ultimately reach your private door, you're very 332 00:18:38,359 --> 00:18:41,280 Speaker 1: naive about what's going on in this world. Mariam Williamson's here, 333 00:18:41,320 --> 00:18:43,760 Speaker 1: We've only got a couple of minutes left. She is 334 00:18:44,600 --> 00:18:48,920 Speaker 1: presidential candidate just qualified for the donor threshold to qualify 335 00:18:49,000 --> 00:18:52,960 Speaker 1: for the third Democratic presidential debate September twelve in Texas, 336 00:18:53,560 --> 00:18:56,119 Speaker 1: now awaiting the polling data to see whether or not 337 00:18:56,280 --> 00:18:59,199 Speaker 1: she makes that cut. Uh. She says she's going to 338 00:18:59,240 --> 00:19:00,960 Speaker 1: stay in or our whether or not she makes the 339 00:19:00,960 --> 00:19:04,119 Speaker 1: third debate. She's the best selling author and activist. I 340 00:19:04,160 --> 00:19:07,240 Speaker 1: gotta ask you this, and I'm coming because I really 341 00:19:07,240 --> 00:19:09,600 Speaker 1: want people to hear your answer here because I think 342 00:19:09,640 --> 00:19:13,800 Speaker 1: it'll it'll reveal something about you. You know this, right, 343 00:19:13,880 --> 00:19:16,560 Speaker 1: I mean, you know the critics in the political realm 344 00:19:16,560 --> 00:19:20,600 Speaker 1: and the political arena who don't take you seriously and 345 00:19:20,680 --> 00:19:25,000 Speaker 1: they say you shouldn't run. How does that? How is 346 00:19:25,040 --> 00:19:30,080 Speaker 1: that motivated you? Or has it motivated you? Well? There 347 00:19:30,080 --> 00:19:34,200 Speaker 1: has been a purposeful mischaracterization of my personhood, my career, 348 00:19:34,240 --> 00:19:37,760 Speaker 1: and my beliefs. Um people have indicated that I am 349 00:19:37,840 --> 00:19:41,000 Speaker 1: anti medicine, that I've told people to get off their medicine, 350 00:19:41,160 --> 00:19:44,200 Speaker 1: That I told AIDS patients that their thoughts created their 351 00:19:44,240 --> 00:19:47,439 Speaker 1: illness and if they just loved themselves, they would they 352 00:19:47,440 --> 00:19:50,320 Speaker 1: would no longer have the AIDS, That I am anti science. 353 00:19:50,440 --> 00:19:53,280 Speaker 1: These things are simply lives, but they have created a 354 00:19:53,359 --> 00:19:57,240 Speaker 1: caricature that has been very successful at making many people 355 00:19:57,320 --> 00:20:01,119 Speaker 1: have serious doubts about me. That's politics, that's how that works. 356 00:20:01,160 --> 00:20:03,359 Speaker 1: I do understand that that has happened, and I'm sorry 357 00:20:03,359 --> 00:20:06,879 Speaker 1: that it's happened. But beyond that, if anybody has a 358 00:20:06,920 --> 00:20:10,640 Speaker 1: problem with this, they have a problem with democracy. There's 359 00:20:10,720 --> 00:20:14,159 Speaker 1: no Our constitution says that in order for someone to 360 00:20:14,359 --> 00:20:16,520 Speaker 1: be president, they have to be have lived here for 361 00:20:16,560 --> 00:20:19,439 Speaker 1: fourteen years, they have to have been born here, and 362 00:20:19,480 --> 00:20:21,639 Speaker 1: they have to be thirty or five years old or older. 363 00:20:22,000 --> 00:20:25,120 Speaker 1: If the if the founders had wanted to say that 364 00:20:25,119 --> 00:20:28,119 Speaker 1: that person had to been a congressman, or senator or governor, 365 00:20:28,160 --> 00:20:31,280 Speaker 1: they would have, but they didn't because they were leaving 366 00:20:31,280 --> 00:20:34,679 Speaker 1: it to every generation to determine for itself the skill 367 00:20:34,760 --> 00:20:37,120 Speaker 1: set that they feel the president should have to navigate 368 00:20:37,119 --> 00:20:40,159 Speaker 1: the times in which we live. I challenge the idea 369 00:20:40,640 --> 00:20:44,280 Speaker 1: that only people whose careers have been entrenched in the 370 00:20:44,440 --> 00:20:47,360 Speaker 1: same mindset and the limitations of the mindset that drove 371 00:20:47,440 --> 00:20:50,920 Speaker 1: us into this ditch, are qualified to leave us out 372 00:20:50,920 --> 00:20:54,080 Speaker 1: of it. We don't just need political mechanics today, we 373 00:20:54,119 --> 00:20:57,480 Speaker 1: need political vision. You could have the best car mechanic 374 00:20:57,520 --> 00:21:00,320 Speaker 1: in the world, But that car mechanic doesn't necessary early 375 00:21:00,359 --> 00:21:03,600 Speaker 1: know what is the road I should take to Cincinnati. 376 00:21:04,000 --> 00:21:06,280 Speaker 1: And that's what I believe I bring. I believe that 377 00:21:06,320 --> 00:21:09,760 Speaker 1: my thirty five years working very up close and personal 378 00:21:10,119 --> 00:21:13,520 Speaker 1: with people who are in crisis in their lives and 379 00:21:13,520 --> 00:21:17,200 Speaker 1: and understanding how to apply the principles that transform crisis 380 00:21:17,240 --> 00:21:21,000 Speaker 1: into opportunity are the same principles of transformation that this 381 00:21:21,080 --> 00:21:23,679 Speaker 1: country needs. This country needs get to get back to 382 00:21:23,760 --> 00:21:27,960 Speaker 1: its values, to its principles, to its mission statement as 383 00:21:28,119 --> 00:21:31,240 Speaker 1: articulated in the Declaration of Independence. We have to have 384 00:21:31,280 --> 00:21:35,119 Speaker 1: a deeper commitment to democracy and to humanitarian concerns. Not 385 00:21:35,240 --> 00:21:38,080 Speaker 1: only that, I will say this, anything less than that 386 00:21:38,200 --> 00:21:41,800 Speaker 1: any kind of incremental approach, not only will not transform 387 00:21:41,880 --> 00:21:44,800 Speaker 1: this country at this critical time in our history. I 388 00:21:44,840 --> 00:21:48,160 Speaker 1: don't believe that the same old, same old political conversation 389 00:21:48,440 --> 00:21:53,720 Speaker 1: will defeat Donald Trump, Marian Williamson, Democratic presidential candidate, bestselling author, 390 00:21:53,760 --> 00:21:57,280 Speaker 1: and activists. And we have something in common our grandmothers. 391 00:21:57,320 --> 00:22:00,280 Speaker 1: We both called them Mimi. Uh So we have that 392 00:22:00,280 --> 00:22:02,760 Speaker 1: in common. And I hope I'll be called Mimi someday 393 00:22:02,800 --> 00:22:05,639 Speaker 1: by a grandchild of my own, and she would my 394 00:22:05,800 --> 00:22:08,439 Speaker 1: MIMMI would have celebrated her birthday today. Thank you so 395 00:22:08,520 --> 00:22:12,960 Speaker 1: much for coming in. This is Bloomberg Sound On with 396 00:22:13,040 --> 00:22:17,160 Speaker 1: Kevin Surrelate on Bloomberg one and one oh five point 397 00:22:17,240 --> 00:22:20,240 Speaker 1: seven f m h D two. I'm Kevin Curreli, Chief 398 00:22:20,280 --> 00:22:24,000 Speaker 1: Washington correspondent for Bloomberg Television Bloomberg Radio. Pivoting now back 399 00:22:24,040 --> 00:22:27,720 Speaker 1: to policy and politics after that exclusive interview with Mary 400 00:22:27,720 --> 00:22:32,280 Speaker 1: Anne Williamson, Lauren Claffy's here Republican strategists, managing director at 401 00:22:32,320 --> 00:22:37,280 Speaker 1: Hamilton's Place Strategies and Kristen Hawn, Democratic Strategists, senior adviser 402 00:22:37,359 --> 00:22:42,520 Speaker 1: at Rock Solutions and former Blue Dog Coalition communications director. 403 00:22:42,640 --> 00:22:45,720 Speaker 1: Thank you both for being here. Lauren, what'u you think 404 00:22:45,720 --> 00:22:48,640 Speaker 1: of Mary Anne Williamson? That was such a great interview. 405 00:22:48,800 --> 00:22:51,200 Speaker 1: Thank you. And you're a Republican and I'm a Republican. Well, 406 00:22:51,200 --> 00:22:53,920 Speaker 1: I really enjoy getting to know the candidates a little 407 00:22:53,960 --> 00:22:56,760 Speaker 1: bit better, and you know, actually getting interviews in which 408 00:22:56,800 --> 00:22:58,800 Speaker 1: they get to more fully express kind of the things 409 00:22:58,800 --> 00:23:01,000 Speaker 1: that they're on their mind. And you know, she had 410 00:23:01,040 --> 00:23:04,000 Speaker 1: really interesting points about reparation and you know, those types 411 00:23:04,040 --> 00:23:06,439 Speaker 1: of things, and I forgot that she was one of 412 00:23:06,480 --> 00:23:08,800 Speaker 1: the folks that you know, kind of made her name 413 00:23:08,960 --> 00:23:11,399 Speaker 1: with Oprah Winfrey and you know, as a television starter 414 00:23:11,520 --> 00:23:14,040 Speaker 1: back in the day. So it was a really interesting interview. 415 00:23:14,040 --> 00:23:15,560 Speaker 1: And to be frank, I haven't been paying a lot 416 00:23:15,560 --> 00:23:18,240 Speaker 1: of attention to her because she's been pulling so low. Well, 417 00:23:18,480 --> 00:23:20,720 Speaker 1: I hope we'll find out if she gets into that 418 00:23:20,880 --> 00:23:23,240 Speaker 1: into that next demand. I'm struck. I want to pivots 419 00:23:23,240 --> 00:23:26,760 Speaker 1: a policy on reparations because it is now fully fully 420 00:23:26,920 --> 00:23:30,439 Speaker 1: entrenched into the Democratic debate about whether or not that 421 00:23:30,480 --> 00:23:32,120 Speaker 1: it will be here. And I think what we got 422 00:23:32,160 --> 00:23:34,520 Speaker 1: out of that interview, but she's not saying to write 423 00:23:34,520 --> 00:23:37,520 Speaker 1: a check to every African American in the country. She's 424 00:23:37,520 --> 00:23:41,560 Speaker 1: saying it would be an investment into communities. Yeah, And 425 00:23:41,600 --> 00:23:43,479 Speaker 1: I think you know that this is this is something like, 426 00:23:43,880 --> 00:23:46,040 Speaker 1: you know, this issue of race in our country. It's 427 00:23:46,080 --> 00:23:48,560 Speaker 1: it's it's not done right. We're not where we need 428 00:23:48,600 --> 00:23:50,600 Speaker 1: to be. And I think this is falling squarely into 429 00:23:50,640 --> 00:23:54,160 Speaker 1: that that discussion that's being had, particularly among the Democratic candidates. 430 00:23:54,400 --> 00:23:57,199 Speaker 1: So I think, you know, it's not just giving away 431 00:23:57,520 --> 00:23:59,480 Speaker 1: you know, a check here, check there. I mean, but 432 00:23:59,560 --> 00:24:01,960 Speaker 1: there are are there are policies that we can put 433 00:24:02,000 --> 00:24:05,119 Speaker 1: in place that really um that helped lift up people 434 00:24:05,920 --> 00:24:08,600 Speaker 1: all across society and communities across the country. One of 435 00:24:08,600 --> 00:24:11,359 Speaker 1: the policies earlier today at the White House President Trump 436 00:24:11,400 --> 00:24:14,080 Speaker 1: calling for there to be some type type of of 437 00:24:14,119 --> 00:24:18,960 Speaker 1: payroll tax uh. And that comes amid chatter and fears 438 00:24:18,960 --> 00:24:24,720 Speaker 1: and apprehension, anxiety over a looming potential economic recession. There's 439 00:24:24,760 --> 00:24:27,119 Speaker 1: really no chance that any type of major tax reform 440 00:24:27,119 --> 00:24:29,800 Speaker 1: gets done between now and November. But you're hearing, whether 441 00:24:29,880 --> 00:24:32,560 Speaker 1: it's on the left issues like reparations or on the right, 442 00:24:32,880 --> 00:24:36,680 Speaker 1: issues like passing more tax reform now as some type 443 00:24:36,680 --> 00:24:41,119 Speaker 1: of economic stimulus or prevention rather from getting out of 444 00:24:41,240 --> 00:24:44,560 Speaker 1: a recession. Is this the new reality? The reality is 445 00:24:44,600 --> 00:24:47,399 Speaker 1: that President Trump knows that he needs to He is 446 00:24:47,520 --> 00:24:49,800 Speaker 1: campaigning on a strong economy, and that economy needs to 447 00:24:49,840 --> 00:24:51,960 Speaker 1: be strong through November in order for him to maintain 448 00:24:52,000 --> 00:24:53,960 Speaker 1: those gains. And so you're going to hear a lot 449 00:24:54,000 --> 00:24:56,119 Speaker 1: of this type of chatter. But I agree, I do 450 00:24:56,160 --> 00:24:59,200 Speaker 1: not think that he can get payroll through this type 451 00:24:59,520 --> 00:25:01,840 Speaker 1: this quick and that's why you also see pressure on 452 00:25:01,880 --> 00:25:05,160 Speaker 1: the Fed. You hear him floating ideas about UM, the indexing, 453 00:25:05,200 --> 00:25:07,879 Speaker 1: the capital gains indexing, So you know, he's You're going 454 00:25:07,920 --> 00:25:09,760 Speaker 1: to hear a lot more of this type of talk 455 00:25:09,800 --> 00:25:11,800 Speaker 1: from him over the next couple of months. But I 456 00:25:11,840 --> 00:25:13,840 Speaker 1: also think a little some of the discussions about the 457 00:25:13,840 --> 00:25:16,280 Speaker 1: recession are probably a little premature at this point. So 458 00:25:16,560 --> 00:25:19,080 Speaker 1: he's reacting to the media coverage. I don't I think 459 00:25:19,200 --> 00:25:22,040 Speaker 1: he's clearly reacting to the media coverage because he's blaming 460 00:25:22,280 --> 00:25:24,640 Speaker 1: the media or attempting to blame the media for any 461 00:25:24,640 --> 00:25:27,600 Speaker 1: potential recession, which is ridiculous. I don't know what type 462 00:25:27,600 --> 00:25:30,240 Speaker 1: of you know, theories that he's working off of, but 463 00:25:30,400 --> 00:25:34,560 Speaker 1: he is absolutely desperate to um to you know, maintain 464 00:25:34,600 --> 00:25:36,240 Speaker 1: the economy, which has you know, been on an up 465 00:25:36,280 --> 00:25:38,160 Speaker 1: swing for a while. And I'll just say one thing, 466 00:25:38,200 --> 00:25:41,480 Speaker 1: I mean when he when and nothing. I'll say two 467 00:25:41,480 --> 00:25:45,680 Speaker 1: things though, when when When the Republicans passed, uh the 468 00:25:46,280 --> 00:25:48,320 Speaker 1: tax cut with you know some Democrats, I mean, so 469 00:25:48,440 --> 00:25:51,119 Speaker 1: they packed the tax cut, and it was very clear 470 00:25:51,240 --> 00:25:53,080 Speaker 1: and it was clear to us in the midterms in 471 00:25:53,119 --> 00:25:56,400 Speaker 1: those tough districts that it was very unpopular, um with 472 00:25:56,520 --> 00:25:58,719 Speaker 1: you know, the middle class. We a lot of our 473 00:25:58,840 --> 00:26:01,880 Speaker 1: our our kenets ran on that. So you know, there 474 00:26:01,960 --> 00:26:05,600 Speaker 1: was talk immediately among you know, a House Republicans um 475 00:26:05,640 --> 00:26:10,440 Speaker 1: when they held still held control between the election now 476 00:26:10,680 --> 00:26:12,159 Speaker 1: that they were going to pass the second you know, 477 00:26:12,240 --> 00:26:15,239 Speaker 1: sweeping tax cuts for for the people that deserved it, 478 00:26:15,280 --> 00:26:19,320 Speaker 1: but that's never going to happen before November. It's been fast. 479 00:26:19,359 --> 00:26:21,800 Speaker 1: I mean, it's been fascinating to to just cover all 480 00:26:21,840 --> 00:26:25,199 Speaker 1: of that. Lauren Clappy's here, Republican strategist, managing director at 481 00:26:25,240 --> 00:26:29,639 Speaker 1: Hamilton Place Strategies, Kristin Hawn, Democratic strategist, senior advisor at 482 00:26:29,720 --> 00:26:33,399 Speaker 1: Rock Solutions, former COMPS director for the Blue Dog Coalition. 483 00:26:33,600 --> 00:26:36,800 Speaker 1: A President Trump really targeting the Central Bank today to 484 00:26:36,840 --> 00:26:39,560 Speaker 1: the points that both of you are making on the economy, 485 00:26:39,720 --> 00:26:43,600 Speaker 1: on the new political reality that there might be a recession. 486 00:26:43,600 --> 00:26:45,399 Speaker 1: I don't want to talk ourselves into a recession, but 487 00:26:45,520 --> 00:26:48,760 Speaker 1: now that this is an open debate in this country, 488 00:26:49,000 --> 00:26:51,439 Speaker 1: and he's heading to the G seven, and he's heading 489 00:26:51,680 --> 00:26:55,920 Speaker 1: into European allies at a time in which there's great 490 00:26:55,960 --> 00:27:00,119 Speaker 1: apprehension all around the world, and so I think it's 491 00:27:00,160 --> 00:27:02,800 Speaker 1: a bit of a mistake that we in the media 492 00:27:02,880 --> 00:27:07,280 Speaker 1: have made to just simplify this to to the American 493 00:27:07,320 --> 00:27:10,560 Speaker 1: people that he's only going after J Powell fed share 494 00:27:10,680 --> 00:27:13,880 Speaker 1: J Powell to target, to make him into some type 495 00:27:13,880 --> 00:27:17,600 Speaker 1: of boogeyman, to to blame there to be a recession, 496 00:27:17,920 --> 00:27:21,640 Speaker 1: because the president's tweet today would would suggest even as 497 00:27:22,160 --> 00:27:24,600 Speaker 1: the quote Marian Williamson said she agrees with them that 498 00:27:24,680 --> 00:27:27,520 Speaker 1: China has been a problem. Uh that I want to 499 00:27:27,560 --> 00:27:29,960 Speaker 1: read a tweet he says, quote doing great with China 500 00:27:30,040 --> 00:27:33,080 Speaker 1: and other trade deals. The only problem we have is J. 501 00:27:33,280 --> 00:27:36,439 Speaker 1: Powell and the Fed. He's like a golfer who can't 502 00:27:36,600 --> 00:27:40,800 Speaker 1: put has no touch. Then he went on in a 503 00:27:40,840 --> 00:27:43,480 Speaker 1: follow up tweet to say, so Germany is paying zero 504 00:27:43,560 --> 00:27:46,360 Speaker 1: interest and is actually being paid to borrow money, while 505 00:27:46,400 --> 00:27:49,480 Speaker 1: the US, a far stronger and more important credit, is 506 00:27:49,480 --> 00:27:54,479 Speaker 1: paying interest and just stopped quantitative tightening, strongest dollar in history, 507 00:27:54,640 --> 00:27:57,360 Speaker 1: very tough on export, no inflation. And then in all caps, 508 00:27:57,400 --> 00:28:02,000 Speaker 1: where is the Federal Yeah, you know, he is pushing 509 00:28:02,040 --> 00:28:04,359 Speaker 1: back hard to make the United States as strong as 510 00:28:04,400 --> 00:28:08,040 Speaker 1: possible um against China and their threat. I mean the 511 00:28:08,040 --> 00:28:10,600 Speaker 1: tariffs at this point with the Chinese economy has already 512 00:28:10,640 --> 00:28:12,800 Speaker 1: slowed it down significantly, right, I mean they had like 513 00:28:12,920 --> 00:28:15,520 Speaker 1: something crazy like tempercent growth year every year, and then 514 00:28:15,560 --> 00:28:19,280 Speaker 1: now they've scaled back significantly over the past uh several 515 00:28:19,320 --> 00:28:21,560 Speaker 1: months because of the threat of tariffs. But part of 516 00:28:21,600 --> 00:28:24,800 Speaker 1: that is to President Trump, it drives him crazy that 517 00:28:24,920 --> 00:28:28,119 Speaker 1: they have currency manipulation and he feels that though not 518 00:28:28,240 --> 00:28:31,680 Speaker 1: only through them doing things like stealing our intellectual property 519 00:28:31,720 --> 00:28:36,280 Speaker 1: and starting side businesses or copy businesses within the Chinese 520 00:28:36,760 --> 00:28:42,360 Speaker 1: um economy with our business ideas and with our ideas UM, 521 00:28:42,400 --> 00:28:45,160 Speaker 1: it's that it's the way that the government manipulates the 522 00:28:45,160 --> 00:28:47,720 Speaker 1: currency to make it more favorable for the Chinese businesses. 523 00:28:47,760 --> 00:28:50,320 Speaker 1: I mean, he feels like we are getting screwed every 524 00:28:50,320 --> 00:28:52,800 Speaker 1: step of the way with the Chinese government, and so 525 00:28:52,840 --> 00:28:56,240 Speaker 1: he and sometimes he wants the Federal Reserve and others 526 00:28:56,240 --> 00:29:00,000 Speaker 1: to step in and be more aggressive against combating that. Yeah, 527 00:29:00,000 --> 00:29:02,200 Speaker 1: I mean, I think China's China's a difficult one, right, 528 00:29:02,240 --> 00:29:04,080 Speaker 1: and this is not something that always comes down on 529 00:29:04,160 --> 00:29:06,840 Speaker 1: party lines. Trade has never come down on party lines. 530 00:29:06,880 --> 00:29:09,080 Speaker 1: And he's switched up where the Republicans come from on 531 00:29:09,120 --> 00:29:12,200 Speaker 1: this in a number of different ways, but also switched 532 00:29:13,040 --> 00:29:19,800 Speaker 1: reversed it. And everybody's trying to keep up um the 533 00:29:21,240 --> 00:29:26,080 Speaker 1: really topic sidebar. But with China, I mean, I think 534 00:29:26,080 --> 00:29:28,800 Speaker 1: I've talked to a number of you know, large employers, 535 00:29:28,840 --> 00:29:32,440 Speaker 1: and it's uncertainty about what with these sweeping tariffs, not 536 00:29:32,480 --> 00:29:35,040 Speaker 1: surgical charist, the sweeping tarriffs with China. I mean, this 537 00:29:35,080 --> 00:29:37,719 Speaker 1: is a six of the world's population. I think on 538 00:29:37,760 --> 00:29:39,960 Speaker 1: the political side, what a lot of folks don't take 539 00:29:39,960 --> 00:29:43,480 Speaker 1: into account is that President g does not have any 540 00:29:43,480 --> 00:29:46,360 Speaker 1: political implications where it comes. He can wait this out, 541 00:29:46,840 --> 00:29:49,960 Speaker 1: and Donald Trump does. He does have Hong Kong protests 542 00:29:49,960 --> 00:29:53,120 Speaker 1: coming up. We don't talk more policy and politics. Lard Clappy, 543 00:29:53,200 --> 00:29:56,760 Speaker 1: Christen ha they stay. Kevin CURRELLI you're listening to Bloomberg. 544 00:30:03,960 --> 00:30:08,520 Speaker 1: This is Bloomberg Sound On with Kevin Surley on Bloomberg 545 00:30:09,640 --> 00:30:12,040 Speaker 1: and one oh five point seven f M h D two. 546 00:30:13,480 --> 00:30:18,120 Speaker 1: I'm Kevin Sirelli, Chief Washington correspondent from Bloomberg Television Bloomberg 547 00:30:18,400 --> 00:30:21,720 Speaker 1: Radio Time. Now for what's become one of my favorite 548 00:30:21,800 --> 00:30:24,360 Speaker 1: segments that we do here on the show, What's on 549 00:30:24,400 --> 00:30:28,080 Speaker 1: your radar? What's the one thing that you're following your 550 00:30:28,160 --> 00:30:32,360 Speaker 1: tracking that maybe isn't dominating the headlines, but is still 551 00:30:32,400 --> 00:30:35,280 Speaker 1: getting talked about. Here with me to see what's on 552 00:30:35,320 --> 00:30:39,880 Speaker 1: their radar. Lauren Claffey, Republican Strategists, Managing director at Hamilton's 553 00:30:39,880 --> 00:30:45,040 Speaker 1: Place Strategies and Kristen Hahn, Democratic strategist, senior advisor at 554 00:30:45,240 --> 00:30:53,160 Speaker 1: Rock Solutions and former Blue Dog Coalition communications director Kristen Hahn, Yes, 555 00:30:53,480 --> 00:30:56,880 Speaker 1: what is on your radar? So it is a high 556 00:30:56,880 --> 00:30:59,280 Speaker 1: profile issue, but I think that there are other implications 557 00:30:59,280 --> 00:31:01,920 Speaker 1: people aren't thinking about. So what you've got in Congress, 558 00:31:01,920 --> 00:31:04,120 Speaker 1: you've got this issue with tech and big tech and 559 00:31:04,120 --> 00:31:06,800 Speaker 1: what do we do about that? The tech issue, right, 560 00:31:06,840 --> 00:31:08,520 Speaker 1: And you've got Squared and you've got Google, and you've 561 00:31:08,560 --> 00:31:11,120 Speaker 1: got Facebook, And what you're almost seeing now is that 562 00:31:11,960 --> 00:31:15,080 Speaker 1: the Democrats are complaining about them because of Facebook and 563 00:31:15,120 --> 00:31:17,560 Speaker 1: elect everything. But then you have you know, Trump convene 564 00:31:17,600 --> 00:31:20,160 Speaker 1: this summit with you know, the far right. You see 565 00:31:20,720 --> 00:31:23,480 Speaker 1: they're they're talking about you know, coming up from you know, 566 00:31:23,800 --> 00:31:26,400 Speaker 1: the Googles, you know they're they're they're not they're my 567 00:31:26,480 --> 00:31:29,120 Speaker 1: free speech is being imp all that. So it's almost 568 00:31:29,120 --> 00:31:30,360 Speaker 1: like you have one of these issues where the far 569 00:31:30,440 --> 00:31:32,520 Speaker 1: right and the far left, if they come around too far, 570 00:31:33,400 --> 00:31:35,160 Speaker 1: then they come together, right and you might be able 571 00:31:35,160 --> 00:31:37,160 Speaker 1: to see some of that, and I think it's freaking 572 00:31:37,160 --> 00:31:40,200 Speaker 1: them out. So then you've got the implications. First, small businesses, 573 00:31:40,320 --> 00:31:42,320 Speaker 1: So I think you really need. You know, there are 574 00:31:42,320 --> 00:31:44,959 Speaker 1: groups like the Connect to Commerce Council who are who 575 00:31:45,040 --> 00:31:49,360 Speaker 1: are promoting like a national standard because it still remains 576 00:31:49,360 --> 00:31:52,840 Speaker 1: that these small businesses ruly on these services. And you know, 577 00:31:53,040 --> 00:31:55,760 Speaker 1: and and if you if you have fifty different strategies 578 00:31:55,760 --> 00:31:59,440 Speaker 1: for fifty different states and fifty different laws a passwork, 579 00:31:59,440 --> 00:32:02,400 Speaker 1: it just doesn't work. So I think, you know, Congress, 580 00:32:02,440 --> 00:32:05,000 Speaker 1: they probably won't get anything done between now and next year. 581 00:32:05,080 --> 00:32:08,840 Speaker 1: But but you know, I think that's being optimistic. Look, 582 00:32:09,160 --> 00:32:11,920 Speaker 1: we've talked about this on the on the show multiple times. 583 00:32:12,000 --> 00:32:14,760 Speaker 1: Information sharing, I mean that I think is an area 584 00:32:14,760 --> 00:32:18,560 Speaker 1: of bipartisanship, especially to stop some of these horrific, horrific 585 00:32:18,600 --> 00:32:22,000 Speaker 1: tragedies that keep going on far too long, with these 586 00:32:22,040 --> 00:32:25,320 Speaker 1: mass shootings. All right, Laura, what's on your what's on 587 00:32:25,360 --> 00:32:28,720 Speaker 1: your radar? So again, not necessarily something that is not 588 00:32:28,760 --> 00:32:33,680 Speaker 1: in the headlines, but Greenland. Yes, I'm obsessed with the story. 589 00:32:33,680 --> 00:32:36,760 Speaker 1: It is so interesting because it does. President Trump says 590 00:32:36,800 --> 00:32:38,960 Speaker 1: that he wants he wants to buy Greenland. He tweeted 591 00:32:38,960 --> 00:32:41,400 Speaker 1: out earlier today that he canceled a meeting with the 592 00:32:41,400 --> 00:32:46,720 Speaker 1: head of Greenland because that they don't want to be bought. Yeah, 593 00:32:46,720 --> 00:32:49,240 Speaker 1: so just in case you're not obsessed with the story, 594 00:32:49,280 --> 00:32:52,400 Speaker 1: that's what's going on. Yeah, exactly. So, yeah, the the 595 00:32:52,840 --> 00:32:56,120 Speaker 1: Denmark Prime minister said that she was uninterested in selling 596 00:32:56,160 --> 00:32:58,960 Speaker 1: the territory. And it's interesting because it's not something that 597 00:32:59,040 --> 00:33:00,560 Speaker 1: you would think about in our day to day, but 598 00:33:00,680 --> 00:33:03,280 Speaker 1: strategically Greenland would actually make a lot of sense because 599 00:33:03,520 --> 00:33:07,040 Speaker 1: we have a growing threat in the Arctic from Russia 600 00:33:07,160 --> 00:33:09,959 Speaker 1: and we're spending a lot of our resources there, you know, 601 00:33:10,200 --> 00:33:14,160 Speaker 1: buying more coast guard cutters and spending more time building 602 00:33:14,200 --> 00:33:16,520 Speaker 1: up our ballistic missiles, long range missiles now that we've 603 00:33:16,520 --> 00:33:19,800 Speaker 1: pulled out of that space, So it actually would make 604 00:33:19,800 --> 00:33:21,120 Speaker 1: a lot of sense. And we do have a fairly 605 00:33:21,200 --> 00:33:24,400 Speaker 1: large presence since they're a NATO ally with the base there, 606 00:33:24,480 --> 00:33:28,640 Speaker 1: but buying them, especially for their natural resources, makes crazy sense. 607 00:33:28,840 --> 00:33:30,480 Speaker 1: And that is the part that I think is just 608 00:33:31,320 --> 00:33:34,720 Speaker 1: insane to think about that. You know, President Trump was dismissed, 609 00:33:35,080 --> 00:33:36,560 Speaker 1: It actually makes a lot of sense once you dive 610 00:33:36,600 --> 00:33:38,840 Speaker 1: into it a little bit and think about what strategically 611 00:33:38,920 --> 00:33:42,120 Speaker 1: it would mean. And then now he's entering into I'm 612 00:33:42,200 --> 00:33:45,520 Speaker 1: using air quotes his negotiation process where he threatens and 613 00:33:45,760 --> 00:33:48,080 Speaker 1: does a bunch of other things that seemed pretty unpresidential. 614 00:33:48,320 --> 00:33:50,040 Speaker 1: And then I'm kind of curious to see how it 615 00:33:50,120 --> 00:33:52,320 Speaker 1: all plays out because he canceled the meeting and now 616 00:33:52,360 --> 00:33:55,200 Speaker 1: he's threatening Denmark over their NATO spending. So is he 617 00:33:55,280 --> 00:33:58,040 Speaker 1: going to require more NATO spending of them? Well, the 618 00:33:58,120 --> 00:33:59,720 Speaker 1: last time we had this big treaty with them is 619 00:33:59,760 --> 00:34:03,280 Speaker 1: back post World War two. It's set up a huge 620 00:34:03,280 --> 00:34:08,880 Speaker 1: military base that we have there in Greenland. And you know, 621 00:34:09,000 --> 00:34:11,160 Speaker 1: I mean, it's it's gonna be interesting. All right, here's 622 00:34:11,160 --> 00:34:13,080 Speaker 1: what's on my radar. It's this Nicky Haley story. Have 623 00:34:13,120 --> 00:34:15,880 Speaker 1: you seen this? She tweeted it out earlier today. Quote 624 00:34:16,560 --> 00:34:19,759 Speaker 1: enough of the false rumors. Vice President Pence has been 625 00:34:19,760 --> 00:34:21,960 Speaker 1: a dear friend of mine for years. He has been 626 00:34:21,960 --> 00:34:25,000 Speaker 1: a loyal and trustworthy VP to the president. He has 627 00:34:25,120 --> 00:34:29,160 Speaker 1: my complete support. Then a heart emoji and a USA emoji. 628 00:34:29,200 --> 00:34:30,719 Speaker 1: I don't want to read too much into the emoji's, 629 00:34:30,719 --> 00:34:33,680 Speaker 1: but you know, essentially what she's saying is that she's 630 00:34:33,800 --> 00:34:39,600 Speaker 1: not going to replace Pence on the ticket in But 631 00:34:39,680 --> 00:34:43,320 Speaker 1: here's the thing that's kind of interesting. And the reporter, 632 00:34:43,400 --> 00:34:46,560 Speaker 1: I mean, no one really asked her, and so there's 633 00:34:46,600 --> 00:34:49,279 Speaker 1: that elements of this, but there's also well maybe someone 634 00:34:49,360 --> 00:34:51,080 Speaker 1: was working on a story and it was about to 635 00:34:51,080 --> 00:34:53,120 Speaker 1: come out and so she just sort of, you know, 636 00:34:53,200 --> 00:34:55,280 Speaker 1: got out in front of it. So there's like two 637 00:34:55,560 --> 00:34:58,960 Speaker 1: tales there. She's on the board of Boeing now and 638 00:34:59,280 --> 00:35:02,800 Speaker 1: she all so, uh is going to release the book 639 00:35:02,880 --> 00:35:05,000 Speaker 1: in the fall. So Nikki Helly a lot of buzz 640 00:35:05,040 --> 00:35:07,520 Speaker 1: around her for four. Thank you to Mary and Williamson, 641 00:35:07,600 --> 00:35:10,600 Speaker 1: Lauren Clappy, Kristen Hahn. That does it for me. I'm 642 00:35:10,680 --> 00:35:14,080 Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg Television Bloomberg Radio. 643 00:35:14,160 --> 00:35:17,239 Speaker 1: Download the Bloomberg Sound On podcast on applei Tunes, at 644 00:35:17,239 --> 00:35:20,319 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 645 00:35:20,360 --> 00:35:22,279 Speaker 1: You can also find us on Radio dot com, I 646 00:35:22,440 --> 00:35:25,760 Speaker 1: Heart Radio, and Spotify. You're listening to Bloomberg