1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,719 Speaker 1: iHeartRadio app and the Bloomberg Business app, or listening on 4 00:00:10,800 --> 00:00:12,800 Speaker 1: demand wherever you get your podcasts. 5 00:00:13,720 --> 00:00:17,560 Speaker 2: Welcome to the Tuesday edition of Bloomberg Sound On. I'm 6 00:00:17,600 --> 00:00:21,119 Speaker 2: Jill Matthew and Washington, where we have nothing but questions 7 00:00:21,160 --> 00:00:25,520 Speaker 2: about funding the government when this fiscal year ends in 8 00:00:25,560 --> 00:00:27,760 Speaker 2: just a dozen days. Speaker McCarthy, as we told you 9 00:00:27,800 --> 00:00:30,920 Speaker 2: trying to sell a stopgap funding measure. We were told 10 00:00:31,000 --> 00:00:32,720 Speaker 2: there was a deal on this a couple of days 11 00:00:32,760 --> 00:00:35,240 Speaker 2: ago to keep things running for about a month. Who's 12 00:00:35,280 --> 00:00:37,960 Speaker 2: got some members of the Freedom Caucus on his side 13 00:00:38,960 --> 00:00:41,440 Speaker 2: on this, including Chip Roy, who made the case on 14 00:00:41,479 --> 00:00:43,920 Speaker 2: a conservative radio show on Fox. 15 00:00:44,360 --> 00:00:47,840 Speaker 3: Unfortunately, some of my colleagues don't think that's good enough. 16 00:00:48,280 --> 00:00:51,040 Speaker 3: They want to hide behind some other rhetoric. They want 17 00:00:51,040 --> 00:00:52,920 Speaker 3: to hide behind, Oh, we need to do more on 18 00:00:53,040 --> 00:00:55,520 Speaker 3: DJ or do more on this or that any other. 19 00:00:55,880 --> 00:01:00,600 Speaker 3: There's no Ukraine supplemental, there's no disaster emergency supplemental. Simply 20 00:01:00,640 --> 00:01:03,440 Speaker 3: a strong bill that would do what we need to 21 00:01:03,480 --> 00:01:07,240 Speaker 3: do to ratchet back the federal bureaucracy that's been an 22 00:01:07,240 --> 00:01:09,920 Speaker 3: odds with the American people and force their hand on 23 00:01:09,959 --> 00:01:12,679 Speaker 3: the border, which is a strong national message. I think 24 00:01:12,720 --> 00:01:13,240 Speaker 3: that's a win. 25 00:01:13,440 --> 00:01:16,839 Speaker 2: Some of his colleagues he refers to include Congresswoman Anna 26 00:01:16,840 --> 00:01:20,000 Speaker 2: Paulina Luna, the Republican from Florida, showed up on a 27 00:01:20,040 --> 00:01:23,480 Speaker 2: local TV interview and made this prediction. 28 00:01:24,200 --> 00:01:26,200 Speaker 4: Sounds like, and I'm just going to inform everyone that's 29 00:01:26,240 --> 00:01:27,800 Speaker 4: tuning in right now, it sounds like we're going to 30 00:01:27,800 --> 00:01:29,959 Speaker 4: be going to at least a ten day government shutdown, 31 00:01:30,640 --> 00:01:33,320 Speaker 4: but hopefully during that time people will actually be able 32 00:01:33,360 --> 00:01:35,640 Speaker 4: to take time. Look, it's not going to affect those 33 00:01:35,680 --> 00:01:38,480 Speaker 4: security it's not going to affect Medicare. But the fact 34 00:01:38,520 --> 00:01:40,360 Speaker 4: is that we need to make sure that we are 35 00:01:40,400 --> 00:01:44,039 Speaker 4: not one funding a bloated government, but also too that 36 00:01:44,040 --> 00:01:45,920 Speaker 4: we're not funding a weaponized government. And so we have 37 00:01:46,000 --> 00:01:47,040 Speaker 4: to address to as Congress. 38 00:01:47,640 --> 00:01:50,400 Speaker 2: All right, so ten days shutdown, that's what she's hearing. 39 00:01:51,680 --> 00:01:55,280 Speaker 2: What are you hearing so much for the continuing Resolution? 40 00:01:56,760 --> 00:01:59,760 Speaker 2: Speaker McCarthy, Well, he's sounding a bit frustrated when talking 41 00:01:59,760 --> 00:02:00,800 Speaker 2: with froms in the hallway. 42 00:02:00,880 --> 00:02:02,400 Speaker 5: I've never seen anybody win to shut down. 43 00:02:03,280 --> 00:02:05,480 Speaker 2: You only put the power in the hands of the administration. 44 00:02:05,600 --> 00:02:07,760 Speaker 5: If you want to secure the border, passed homeland. 45 00:02:08,400 --> 00:02:11,359 Speaker 2: If you want to make America strong and security, you 46 00:02:11,480 --> 00:02:13,359 Speaker 2: passed the dog appropsed bill. 47 00:02:13,680 --> 00:02:16,320 Speaker 6: If you're not willing to pass appropriation bills, and you're 48 00:02:16,360 --> 00:02:18,079 Speaker 6: not willing to pass a continuing. 49 00:02:17,680 --> 00:02:20,240 Speaker 2: Resolution to allow you to pass the rest appropriation bills, 50 00:02:20,400 --> 00:02:22,360 Speaker 2: and you don't want an omnibus, I don't quite know 51 00:02:22,400 --> 00:02:25,320 Speaker 2: what you want. I don't quite know what you want, 52 00:02:27,400 --> 00:02:29,400 Speaker 2: all the while, a procedural vote to clear the path 53 00:02:29,440 --> 00:02:31,720 Speaker 2: for a continuing resolution. This is just the rule, not 54 00:02:31,800 --> 00:02:35,760 Speaker 2: The bill appears to have been pulled on the House 55 00:02:35,800 --> 00:02:39,040 Speaker 2: floor today, So we're glad to have some time with 56 00:02:39,160 --> 00:02:42,760 Speaker 2: the ranking member of the House Budget Committee, Congressman Brendan Boyle, 57 00:02:42,840 --> 00:02:46,200 Speaker 2: is back with us. The Democrat from Pennsylvania will act 58 00:02:46,240 --> 00:02:48,399 Speaker 2: literally as a news reporter, I guess in this case, 59 00:02:48,440 --> 00:02:51,080 Speaker 2: because it's pretty difficult to follow the bad inside the 60 00:02:51,080 --> 00:02:54,440 Speaker 2: Budget Committee. By the way, Republicans on the Budget Committee 61 00:02:54,440 --> 00:02:58,079 Speaker 2: set to roll out their budget plan this afternoon. Congressman, 62 00:02:58,160 --> 00:03:00,440 Speaker 2: it's good to have you back. Can we art with 63 00:03:00,480 --> 00:03:03,920 Speaker 2: this procedural vote? Is this continuing resolution now in peril? 64 00:03:05,440 --> 00:03:05,639 Speaker 1: Well? 65 00:03:05,680 --> 00:03:08,160 Speaker 6: I guess this is the debut of my reporting career. 66 00:03:08,360 --> 00:03:12,280 Speaker 6: I can report to you that actually the CR vote 67 00:03:12,360 --> 00:03:16,720 Speaker 6: was just pulled. The rule vote for the Republican partisan 68 00:03:16,760 --> 00:03:20,240 Speaker 6: continuing resolution was just pulled from the calendar. So they 69 00:03:20,240 --> 00:03:24,200 Speaker 6: don't even have the votes for their own. They don't 70 00:03:24,200 --> 00:03:26,320 Speaker 6: even have The Republicans don't even have the vote for 71 00:03:26,360 --> 00:03:30,320 Speaker 6: a partisan Republican continuing resolution, let alone one that would 72 00:03:30,360 --> 00:03:33,680 Speaker 6: pass a Democratic Senate and be signed by a Democratic president. 73 00:03:33,720 --> 00:03:40,480 Speaker 6: You know, this Republican civil war is what is causing 74 00:03:40,560 --> 00:03:44,600 Speaker 6: this dysfunction. And if Kevin McCarthy would for once just 75 00:03:44,760 --> 00:03:49,360 Speaker 6: stand up to his extreme MAGA base, what he would 76 00:03:49,400 --> 00:03:53,320 Speaker 6: see is there's actually a strong bipartisan group maybe of 77 00:03:53,880 --> 00:03:56,520 Speaker 6: three hundred and fifty members or so in the House 78 00:03:56,560 --> 00:04:00,360 Speaker 6: of Representatives that can pass a compromise bill. We just 79 00:04:00,440 --> 00:04:03,480 Speaker 6: saw it in June when we raised the debt ceiling 80 00:04:03,880 --> 00:04:07,080 Speaker 6: and actually passed the piece of legislation that had parameters 81 00:04:07,120 --> 00:04:10,040 Speaker 6: in there in terms of what next year's spending should 82 00:04:10,040 --> 00:04:13,360 Speaker 6: look like. So Kevin McCarthy should quit reneging on that deal, 83 00:04:13,800 --> 00:04:16,120 Speaker 6: go back to it, and whether it's now or a 84 00:04:16,160 --> 00:04:18,640 Speaker 6: month from now, I think what ultimately passes the House 85 00:04:18,680 --> 00:04:20,799 Speaker 6: and Senate will look a lot like what we passed 86 00:04:20,839 --> 00:04:21,400 Speaker 6: in June. 87 00:04:22,160 --> 00:04:24,080 Speaker 2: That sounds like you actually see a world in which 88 00:04:24,120 --> 00:04:27,159 Speaker 2: there's no government shutdown, which I'd love to hear you 89 00:04:27,160 --> 00:04:28,960 Speaker 2: speak to. But my goodness, what does it tell us 90 00:04:28,960 --> 00:04:31,200 Speaker 2: when Chip Roy and others in the Freedom Caucus are 91 00:04:31,200 --> 00:04:35,520 Speaker 2: actually trying to help Speaker McCarthy sell the idea of 92 00:04:36,320 --> 00:04:40,560 Speaker 2: this stopgap plan, it's not his entire right flank. Things 93 00:04:40,560 --> 00:04:41,960 Speaker 2: are getting confused. Congressman. 94 00:04:43,080 --> 00:04:48,880 Speaker 6: Yeah, so the Republican Caucus is at war with itself. 95 00:04:48,920 --> 00:04:52,200 Speaker 6: I mean all day yesterday you saw the Speaker call 96 00:04:52,279 --> 00:04:56,080 Speaker 6: one of his members a quitter. People defended her. Another 97 00:04:56,200 --> 00:05:02,080 Speaker 6: member is fighting with the Speaker. It's just been chaos, crisis, 98 00:05:02,120 --> 00:05:05,279 Speaker 6: and confusion ever since that first week of January when 99 00:05:05,279 --> 00:05:08,560 Speaker 6: it took them fifteen attempts to elect their own guy Speaker. 100 00:05:10,560 --> 00:05:11,800 Speaker 2: Is the government going to shut down? 101 00:05:13,080 --> 00:05:13,640 Speaker 3: I don't know. 102 00:05:14,000 --> 00:05:18,719 Speaker 6: I tend to think it's more likely than not, just 103 00:05:18,839 --> 00:05:21,640 Speaker 6: because I do believe there are far more than five 104 00:05:21,839 --> 00:05:25,080 Speaker 6: members of the House Republican Caucus that want a government 105 00:05:25,120 --> 00:05:25,640 Speaker 6: shut down. 106 00:05:26,000 --> 00:05:27,000 Speaker 5: But again, it can. 107 00:05:26,920 --> 00:05:30,520 Speaker 6: Be avoided if Speaker McCarthy comes over to our side 108 00:05:30,600 --> 00:05:33,440 Speaker 6: and is willing to compromise and is willing to do 109 00:05:33,560 --> 00:05:36,200 Speaker 6: exactly what we did in June. And what I said 110 00:05:36,279 --> 00:05:39,640 Speaker 6: before is that sooner or later, whether it's before September thirtieth, 111 00:05:39,760 --> 00:05:43,279 Speaker 6: which I hope it is, or maybe more likely than not, 112 00:05:43,480 --> 00:05:46,480 Speaker 6: after September thirtieth, I think the way we get out 113 00:05:46,480 --> 00:05:50,640 Speaker 6: of this impass is passing a bipartisan resolution much like 114 00:05:50,680 --> 00:05:51,520 Speaker 6: we did in June. 115 00:05:52,680 --> 00:05:55,400 Speaker 2: Just talk of emotion to vacate, That's what mac Gates 116 00:05:55,400 --> 00:05:59,240 Speaker 2: of Florida continues to say. It's clear that Speaker McCarthy's 117 00:05:59,279 --> 00:06:05,320 Speaker 2: going to need Democratic votes to pass any real budget plan. Congressman, 118 00:06:05,360 --> 00:06:09,600 Speaker 2: will Democrats help Speaker McCarthy survive a motion to vacate? 119 00:06:09,640 --> 00:06:13,000 Speaker 6: If that happens, well, we're a few hypotheticals down the 120 00:06:13,080 --> 00:06:16,520 Speaker 6: lane there. So we'll, as the former president likes to say, 121 00:06:16,560 --> 00:06:19,120 Speaker 6: we'll see what happens. One of the few times I 122 00:06:19,200 --> 00:06:23,480 Speaker 6: quote the former president. So I really couldn't predict or say, 123 00:06:24,520 --> 00:06:28,920 Speaker 6: let's see how this budget situation plays itself out. Before 124 00:06:28,960 --> 00:06:32,560 Speaker 6: we get into any hypothetical conversation about what Democrats would 125 00:06:32,560 --> 00:06:34,960 Speaker 6: do in terms of emotion to vacate the chair, I 126 00:06:35,000 --> 00:06:40,200 Speaker 6: will say what has really defined Kevin McCarthy's frankly miserable 127 00:06:40,279 --> 00:06:44,840 Speaker 6: nine months a speaker is him constantly bending over backwards 128 00:06:45,320 --> 00:06:48,440 Speaker 6: to attempt to win over the extreme MAGA members of 129 00:06:48,440 --> 00:06:51,040 Speaker 6: his caucus, and they can never quite get there. 130 00:06:51,080 --> 00:06:55,960 Speaker 2: With Kevin McCarthy, i'm compelled by this idea that you're 131 00:06:56,000 --> 00:07:02,920 Speaker 2: actually going to be cutting funding more Thanublicans proposed if 132 00:07:02,960 --> 00:07:05,880 Speaker 2: you take this walk, at least, the idea being if 133 00:07:05,920 --> 00:07:09,880 Speaker 2: things expire without a budget agreement, there's an across the 134 00:07:09,880 --> 00:07:12,480 Speaker 2: board one percent cut. As we've discussed before, that was 135 00:07:12,520 --> 00:07:16,080 Speaker 2: a product of the debt ceiling limit deal, or at 136 00:07:16,200 --> 00:07:19,720 Speaker 2: least what's left of it. Republicans were proposing, I believe 137 00:07:19,760 --> 00:07:23,760 Speaker 2: a five percent cut roughly in what's coming in here 138 00:07:23,840 --> 00:07:28,320 Speaker 2: non defense discretionary spending. So if no budget passes, the 139 00:07:28,360 --> 00:07:32,360 Speaker 2: budget is actually cut by less based on what's already 140 00:07:32,400 --> 00:07:34,000 Speaker 2: been baked into the cake here. Is that how you 141 00:07:34,000 --> 00:07:34,320 Speaker 2: see it? 142 00:07:35,360 --> 00:07:36,679 Speaker 5: So what you're talking about. 143 00:07:36,680 --> 00:07:39,000 Speaker 6: As part of that agreement in June, there was this 144 00:07:39,520 --> 00:07:43,360 Speaker 6: rather unique mechanism put in place that says, if we're 145 00:07:43,400 --> 00:07:47,120 Speaker 6: still under a continuing resolution come January first, not come 146 00:07:47,160 --> 00:07:51,640 Speaker 6: October first, that you would keep the government funded but 147 00:07:51,760 --> 00:07:55,120 Speaker 6: at one percent last, both on defense and what is 148 00:07:55,200 --> 00:07:59,760 Speaker 6: sometimes called non defense discretionary. But we're still a number 149 00:07:59,760 --> 00:08:01,760 Speaker 6: of mon months before we would get to that point. 150 00:08:03,320 --> 00:08:05,440 Speaker 2: All right, So give us a sense of what comes next. 151 00:08:05,920 --> 00:08:08,480 Speaker 2: And I've got an eye on the visit by President 152 00:08:08,600 --> 00:08:10,720 Speaker 2: Zelenski this week. At some point there's going to have 153 00:08:10,760 --> 00:08:14,840 Speaker 2: to be a concerted debate about Ukraine funding also disaster 154 00:08:14,880 --> 00:08:17,720 Speaker 2: relief funding, these supplemental requests that the White House has made. 155 00:08:17,760 --> 00:08:20,360 Speaker 2: Does that visit help to unlock part of that story? 156 00:08:22,200 --> 00:08:25,160 Speaker 6: Actually, I think again here's another issue where when it 157 00:08:25,200 --> 00:08:29,600 Speaker 6: comes to standing up to putin supporting their allies in Ukraine, 158 00:08:29,800 --> 00:08:32,400 Speaker 6: you have something like seventy percent support, seventy five percent 159 00:08:32,400 --> 00:08:35,680 Speaker 6: support among the American people, maybe seventy seventy five percent 160 00:08:35,679 --> 00:08:37,240 Speaker 6: support here in Congress. 161 00:08:38,840 --> 00:08:40,120 Speaker 2: But again the. 162 00:08:40,120 --> 00:08:43,800 Speaker 6: Extreme mega members that are really driving the bus when 163 00:08:43,800 --> 00:08:47,160 Speaker 6: it comes to the House Republicans, they're against it. So 164 00:08:47,360 --> 00:08:49,920 Speaker 6: the Ukraine funding issue I think is going to be 165 00:08:50,000 --> 00:08:52,760 Speaker 6: quite challenged. It won't be in the Senate, where there 166 00:08:53,080 --> 00:08:55,480 Speaker 6: is frankly stronger Republican leadership, and I think you have 167 00:08:55,520 --> 00:08:59,520 Speaker 6: a big bipartisan vote over there. To continue to stand 168 00:08:59,600 --> 00:09:01,240 Speaker 6: up to PUT and then make sure our allies have 169 00:09:01,320 --> 00:09:05,120 Speaker 6: what they need, you would have a strong bipartisan vote 170 00:09:05,160 --> 00:09:08,320 Speaker 6: here in the House. If Kevin McCarthy is willing to 171 00:09:08,400 --> 00:09:11,280 Speaker 6: stand up to his extreme mag of members and put 172 00:09:11,320 --> 00:09:13,720 Speaker 6: that on the House floor right now, he's just not 173 00:09:13,760 --> 00:09:14,400 Speaker 6: willing to do it. 174 00:09:15,400 --> 00:09:19,560 Speaker 2: So there's an appetite among Republican leadership elsewhere, certainly in 175 00:09:19,600 --> 00:09:22,360 Speaker 2: the Senate. So you do wonder how this pans out. 176 00:09:22,360 --> 00:09:24,240 Speaker 2: With a few voices here, there seems to be a 177 00:09:24,280 --> 00:09:28,680 Speaker 2: pretty broad majority actually supporting continued support for Ukraine. There's 178 00:09:28,679 --> 00:09:30,360 Speaker 2: one thing I'd like to ask you about that doesn't 179 00:09:30,360 --> 00:09:33,320 Speaker 2: come up enough, though, Congressman, and that's the so called 180 00:09:33,440 --> 00:09:39,040 Speaker 2: childcare cliff, the expiration of funding pandemic era funding for 181 00:09:39,200 --> 00:09:45,320 Speaker 2: childcare services now sunsetting and leaving tens of thousands potentially 182 00:09:45,320 --> 00:09:50,000 Speaker 2: of childcare programs about to expire. President Biden, with your support, 183 00:09:50,080 --> 00:09:52,920 Speaker 2: did not get the expanded childcare tax credit in the 184 00:09:52,960 --> 00:09:57,040 Speaker 2: Build Back Better debate that some of us have blocked 185 00:09:57,080 --> 00:09:59,640 Speaker 2: out at this point. God, it was a protracted debate 186 00:09:59,640 --> 00:10:02,000 Speaker 2: that en up with the IRA, But I wonder if 187 00:10:02,080 --> 00:10:04,680 Speaker 2: childcare is going to be on the table in this debate. 188 00:10:05,480 --> 00:10:06,120 Speaker 5: It needs to be. 189 00:10:06,240 --> 00:10:10,040 Speaker 6: You know, there were a couple provisions that we did 190 00:10:10,240 --> 00:10:12,760 Speaker 6: during the pandemic that made such a big difference. One 191 00:10:12,800 --> 00:10:16,320 Speaker 6: of them was the expanded child tax credit that lifted 192 00:10:16,360 --> 00:10:20,120 Speaker 6: so many millions of children and families out of poverty. 193 00:10:20,280 --> 00:10:24,520 Speaker 6: We saw this past week the devastating impact of that 194 00:10:24,679 --> 00:10:29,080 Speaker 6: expiring and more children now below the poverty line. And 195 00:10:29,080 --> 00:10:31,360 Speaker 6: then likewise, when it comes to the childcare crisis, this 196 00:10:31,440 --> 00:10:33,920 Speaker 6: is yet another I mean, I voted to make that 197 00:10:33,960 --> 00:10:36,280 Speaker 6: permanent as part of what was originally the Build Back 198 00:10:36,320 --> 00:10:39,960 Speaker 6: Better Act. It's a tragedy that the Senate then wasn't 199 00:10:40,000 --> 00:10:42,520 Speaker 6: able to pass it. So I'm part of a group 200 00:10:42,840 --> 00:10:45,520 Speaker 6: that's really attempting to put this on the forefront of 201 00:10:45,520 --> 00:10:47,679 Speaker 6: our agenda, and I do want to make sure as 202 00:10:47,720 --> 00:10:50,880 Speaker 6: part of these budget negotiations that we address what is 203 00:10:50,920 --> 00:10:55,120 Speaker 6: a crisis and frankly, affects not just those families that 204 00:10:55,160 --> 00:10:58,800 Speaker 6: need childcare, but it affects our overall economy. It holds 205 00:10:58,840 --> 00:11:01,800 Speaker 6: back the full growth potential of our economy. 206 00:11:03,360 --> 00:11:07,240 Speaker 2: Before we let you go, Congressman, will Democrats make an 207 00:11:07,280 --> 00:11:10,160 Speaker 2: ally of Speaker McCarthy? Will Speaker McCarthy make an ally 208 00:11:10,200 --> 00:11:13,679 Speaker 2: of Democrats? Through the process of this budget debate, it 209 00:11:13,720 --> 00:11:15,920 Speaker 2: appears one cannot operate without the other. 210 00:11:17,400 --> 00:11:20,880 Speaker 6: Well, as I mentioned before, Kevin McCarthy seems far more 211 00:11:20,920 --> 00:11:27,240 Speaker 6: interested in pandering to every last mega member of his caucus. 212 00:11:27,440 --> 00:11:30,880 Speaker 2: That's why I ask you if it's possible or maybe rather. 213 00:11:30,720 --> 00:11:34,040 Speaker 6: Than working, rather than working with Democrats, the one and 214 00:11:34,120 --> 00:11:36,839 Speaker 6: only time in the last nine months he was able 215 00:11:36,880 --> 00:11:39,800 Speaker 6: to reach across the aisle and work with Democrats, we 216 00:11:39,840 --> 00:11:43,600 Speaker 6: saw a big bipartisan success when we passed that budget 217 00:11:43,600 --> 00:11:46,800 Speaker 6: agreement raise the debt ceiling. Eighty percent of House Democrats 218 00:11:46,840 --> 00:11:49,640 Speaker 6: voted for it, myself included, sixty seven percent of House 219 00:11:49,679 --> 00:11:52,320 Speaker 6: Republicans voted for it. Kevin McCarthy gets back to that 220 00:11:52,360 --> 00:11:55,960 Speaker 6: sort of bipartisanship, They'll always be a willing partner on 221 00:11:56,000 --> 00:11:56,839 Speaker 6: our side of the aisle. 222 00:11:58,000 --> 00:12:00,120 Speaker 2: It's good to have you back. Congressman. Thanks for being 223 00:12:00,160 --> 00:12:02,480 Speaker 2: with a son Bloomberg. He's the ranking member on the 224 00:12:02,480 --> 00:12:04,720 Speaker 2: House Budget Committee in the throes of this debate, Congressman 225 00:12:04,760 --> 00:12:07,760 Speaker 2: Brendan Boyle, Democrat from Pennsylvania. As we assemble our panel, 226 00:12:07,960 --> 00:12:11,200 Speaker 2: Rick Davis and Jeanie Shanseno are with us for the hour. 227 00:12:11,200 --> 00:12:14,000 Speaker 2: Bloomberg Politics contributors with a lot to talk about today, 228 00:12:14,000 --> 00:12:15,800 Speaker 2: and I'd love to have time here to hear from 229 00:12:15,840 --> 00:12:18,440 Speaker 2: both of you on this genie. The view of a 230 00:12:18,640 --> 00:12:23,400 Speaker 2: Democrat in this world, Brendan Boyle sounds like one that 231 00:12:23,480 --> 00:12:25,640 Speaker 2: obviously in the minority, doesn't have a lot to say. 232 00:12:25,640 --> 00:12:28,000 Speaker 2: And what's about to happen next. How can Democrats affect 233 00:12:28,000 --> 00:12:29,440 Speaker 2: the outcome of this debate? 234 00:12:30,600 --> 00:12:32,360 Speaker 7: You know, I don't think there's much they can do 235 00:12:32,480 --> 00:12:36,960 Speaker 7: at this point. But of course, if the Speaker wants 236 00:12:37,000 --> 00:12:40,000 Speaker 7: to get something past, and he's going to have to 237 00:12:40,160 --> 00:12:42,520 Speaker 7: look to Hakeem Jeffries, he's going to have to look 238 00:12:42,520 --> 00:12:45,040 Speaker 7: to the Democrats, and he is going to have to 239 00:12:45,160 --> 00:12:47,320 Speaker 7: work with them. And you know, I think the fear 240 00:12:47,400 --> 00:12:50,400 Speaker 7: of some of us is that the decision to throw 241 00:12:50,400 --> 00:12:53,840 Speaker 7: an impeachment inquiry into this mess in an effort to 242 00:12:54,080 --> 00:12:58,040 Speaker 7: distract his card right conservative end has made that a 243 00:12:58,080 --> 00:13:00,880 Speaker 7: little bit tougher. But I do think End, whether it's 244 00:13:00,960 --> 00:13:03,800 Speaker 7: to save his job, whether is it to pass a 245 00:13:03,840 --> 00:13:07,240 Speaker 7: continuing resolution, hopefully to fund the government, he will be 246 00:13:07,320 --> 00:13:10,000 Speaker 7: able to count on Democrats to do that. But they're 247 00:13:10,000 --> 00:13:11,800 Speaker 7: going to have to do what has to happen. They're 248 00:13:11,800 --> 00:13:15,200 Speaker 7: going to have to negotiate that out, and I think 249 00:13:15,240 --> 00:13:17,720 Speaker 7: Democrats will be prepared to do that. But I think 250 00:13:17,880 --> 00:13:20,160 Speaker 7: the representative of the Congressman is right, you don't want 251 00:13:20,200 --> 00:13:23,480 Speaker 7: to talk about that and insert yourself into a family 252 00:13:23,600 --> 00:13:26,040 Speaker 7: civil war at this point. But when it comes up 253 00:13:26,080 --> 00:13:28,520 Speaker 7: and McCarthy decides to come to them, I think that 254 00:13:28,600 --> 00:13:31,880 Speaker 7: the leadership on the Democratic side and enough Democrats will 255 00:13:31,920 --> 00:13:32,320 Speaker 7: be there. 256 00:13:33,200 --> 00:13:35,600 Speaker 2: Ricky, the Congressman didn't have much good to say about 257 00:13:35,600 --> 00:13:37,480 Speaker 2: Speaker McCarthy right now, and I did give him an 258 00:13:37,480 --> 00:13:42,280 Speaker 2: opportunity to come back around on that is his criticism, correct, 259 00:13:42,360 --> 00:13:44,640 Speaker 2: Or will Democrats find themselves at the table with Kevin 260 00:13:44,720 --> 00:13:47,560 Speaker 2: McCarthy completing a final product at some point? 261 00:13:48,720 --> 00:13:48,920 Speaker 8: Yeah? 262 00:13:48,960 --> 00:13:51,839 Speaker 9: I thought Congressman Boyle actually kind of sounded like he 263 00:13:51,880 --> 00:13:55,280 Speaker 9: felt sorry for Kevin McCarthy because he is kind of 264 00:13:55,320 --> 00:13:59,319 Speaker 9: being held hostage by one of the wings of his caucus, 265 00:13:59,559 --> 00:14:03,760 Speaker 9: and the caucus is an open revolt, and he's trying 266 00:14:03,760 --> 00:14:06,320 Speaker 9: to get a few things done, like actually not shutting 267 00:14:06,400 --> 00:14:12,040 Speaker 9: down the government. In today's Newsmaker, that Congressman just talked 268 00:14:12,040 --> 00:14:14,880 Speaker 9: about that the rule that was going to set up 269 00:14:14,880 --> 00:14:17,680 Speaker 9: the vote for the continuing resolution got pulled, means they 270 00:14:17,679 --> 00:14:21,640 Speaker 9: don't have the votes for it, which means that you're 271 00:14:21,680 --> 00:14:24,040 Speaker 9: going to have to wait and see what happens next. 272 00:14:31,000 --> 00:14:34,360 Speaker 1: You're listening to The Bloomberg Sound on podcast. Catch the 273 00:14:34,400 --> 00:14:38,280 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 274 00:14:38,320 --> 00:14:41,680 Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App. 275 00:14:41,800 --> 00:14:44,680 Speaker 1: You can also listen live on Amazon Alexa from our 276 00:14:44,680 --> 00:14:49,160 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 277 00:14:50,240 --> 00:14:54,280 Speaker 2: Maybe the problem solvers can fix it, right, There's got 278 00:14:54,320 --> 00:14:57,720 Speaker 2: to be a caucus somewhere in this House, the Bipartisan 279 00:14:57,760 --> 00:15:01,520 Speaker 2: Problem Solvers Caucus working up report the a clean CR 280 00:15:03,640 --> 00:15:07,120 Speaker 2: sixteen billion dollars disaster relief. But none of the Republican 281 00:15:07,200 --> 00:15:11,800 Speaker 2: concessions that we've been hearing about is that the plan B. 282 00:15:12,880 --> 00:15:16,680 Speaker 2: There are so many families to please here in the House, 283 00:15:16,760 --> 00:15:20,040 Speaker 2: it's getting a little bit confusing. Of course, a lot 284 00:15:20,080 --> 00:15:25,520 Speaker 2: of this hinges on President Zelensky in support for Ukraine. Incidentally, 285 00:15:25,520 --> 00:15:28,520 Speaker 2: we're going to be hearing from President Vladimir Zelensky live 286 00:15:28,560 --> 00:15:30,440 Speaker 2: from the un He'll be standing in front of the 287 00:15:30,440 --> 00:15:33,120 Speaker 2: Green Marble a short time from now. We'll bring you 288 00:15:33,160 --> 00:15:36,200 Speaker 2: those remarks on Bloomberg Radio here on YouTube as well 289 00:15:36,800 --> 00:15:39,840 Speaker 2: when they happen. Incidentally, join us on YouTube if you 290 00:15:39,880 --> 00:15:42,760 Speaker 2: want to be in the studio here search Bloomberg Global News. 291 00:15:42,920 --> 00:15:47,600 Speaker 2: Our cameras are lit speaking McCarthy talking about this, by 292 00:15:47,640 --> 00:15:50,720 Speaker 2: the way, knowing President Zelenski's coming to Washington after that speech, 293 00:15:51,120 --> 00:15:53,080 Speaker 2: He'll be here later this week to meet with the president, 294 00:15:53,160 --> 00:15:56,720 Speaker 2: go to the hill, meet with the leaders, Like, mister speaker. 295 00:15:56,640 --> 00:15:59,520 Speaker 5: Is Zelenski elected to Congress? Is he our president? I 296 00:15:59,520 --> 00:16:02,240 Speaker 5: don't think I've committing I have questions for him. Where's 297 00:16:02,280 --> 00:16:04,680 Speaker 5: the accountability and the money we already spit? What is 298 00:16:04,720 --> 00:16:05,720 Speaker 5: the plan for victory? 299 00:16:05,960 --> 00:16:08,280 Speaker 2: That sounds like a fun meeting. Let's reassemble the panel, 300 00:16:08,320 --> 00:16:11,880 Speaker 2: Rick Davis and Jeanie Shanzano or here Bloomberg Politics contributors. 301 00:16:12,200 --> 00:16:12,880 Speaker 2: What do you think of that? 302 00:16:13,000 --> 00:16:13,120 Speaker 1: Rick? 303 00:16:13,200 --> 00:16:15,600 Speaker 2: It's a lot different when someone's sitting in front of you. 304 00:16:16,360 --> 00:16:18,400 Speaker 2: But McCarthy does not sound like he's looking forward to 305 00:16:18,480 --> 00:16:20,600 Speaker 2: talking to President Zelenski says, what is he a member 306 00:16:20,640 --> 00:16:22,920 Speaker 2: of Congress? What's that conversation going to be? 307 00:16:23,000 --> 00:16:23,080 Speaker 8: Like? 308 00:16:24,560 --> 00:16:27,120 Speaker 9: Yeah, no, I mean, I'm actually stunned that he would 309 00:16:27,120 --> 00:16:30,320 Speaker 9: take this kind of chip on your shoulder attitude. 310 00:16:31,040 --> 00:16:32,360 Speaker 5: What's your plan for victory? 311 00:16:32,600 --> 00:16:34,440 Speaker 9: I hope Zelenski tells him, I'm going to kill as 312 00:16:34,480 --> 00:16:36,840 Speaker 9: many Russians as I can get my hands on. I mean, like, 313 00:16:37,200 --> 00:16:39,200 Speaker 9: what in the world does he think is happening in 314 00:16:39,200 --> 00:16:39,920 Speaker 9: the Ukraine. 315 00:16:40,040 --> 00:16:41,440 Speaker 5: There's a war going. 316 00:16:41,160 --> 00:16:44,200 Speaker 9: On, and it's a war that they are fighting, not us, 317 00:16:44,560 --> 00:16:46,800 Speaker 9: And the most we've done is to put some of 318 00:16:46,880 --> 00:16:50,400 Speaker 9: our treasure to work. And I just find it unbelievable 319 00:16:50,400 --> 00:16:53,440 Speaker 9: that he doesn't have more sensibility around a guy who's 320 00:16:53,440 --> 00:16:57,360 Speaker 9: in the middle of a shooting war with Russians. But look, 321 00:16:57,400 --> 00:17:00,640 Speaker 9: I mean, he's got bigger problems than Zelenski. You know, 322 00:17:00,720 --> 00:17:03,120 Speaker 9: the reality is, is he still going to be speaker 323 00:17:03,160 --> 00:17:05,479 Speaker 9: when Zelensky gets to town. I don't think it's an 324 00:17:05,520 --> 00:17:10,439 Speaker 9: academic question anymore. And so Zelenski actually may survive longer 325 00:17:10,440 --> 00:17:11,080 Speaker 9: than he does. 326 00:17:11,760 --> 00:17:15,960 Speaker 2: That's pretty remarkable. Genie. I don't know your thought on this, 327 00:17:16,080 --> 00:17:19,760 Speaker 2: but it is different when somebody is coming in person 328 00:17:19,960 --> 00:17:23,399 Speaker 2: to ask you for something, as opposed to ping ponging 329 00:17:23,480 --> 00:17:25,440 Speaker 2: around the media and a reporter is going to ask 330 00:17:25,440 --> 00:17:26,960 Speaker 2: you this in the hallway and you have to sound 331 00:17:26,960 --> 00:17:30,480 Speaker 2: like a tough guy to please certain constituencies. Which one 332 00:17:30,960 --> 00:17:32,480 Speaker 2: do you think shows up at the meeting? 333 00:17:33,880 --> 00:17:36,040 Speaker 7: Yeah, I think that all depends to your point on 334 00:17:36,119 --> 00:17:39,040 Speaker 7: whether that meeting is in public or private. I think 335 00:17:39,080 --> 00:17:44,320 Speaker 7: in private Kevin McCarthy will be incredibly respectful to Zelensky. 336 00:17:44,359 --> 00:17:48,160 Speaker 7: He understands the situation over there full well. But this 337 00:17:48,280 --> 00:17:52,160 Speaker 7: is the Kevin McCarthy that we have seen since he 338 00:17:52,400 --> 00:17:56,679 Speaker 7: was narrowly elected speaker, and it is a you know, 339 00:17:56,880 --> 00:18:01,400 Speaker 7: a speaker with very little power to run his own caucus, 340 00:18:01,440 --> 00:18:04,520 Speaker 7: and so he goes out and he says outrageous things 341 00:18:05,080 --> 00:18:08,119 Speaker 7: like he said about Zelensky. Is he president? Is he 342 00:18:08,160 --> 00:18:11,400 Speaker 7: a member of Congress? And then he'll say something else privately. 343 00:18:11,440 --> 00:18:14,680 Speaker 7: It's the same thing he said after January sixth, when 344 00:18:14,720 --> 00:18:18,280 Speaker 7: he chastised the president rightly so for his role on 345 00:18:18,359 --> 00:18:22,080 Speaker 7: that and suggested he can't continue to serve and then, 346 00:18:22,119 --> 00:18:24,359 Speaker 7: of course, not that long after, went down to mar 347 00:18:24,400 --> 00:18:27,240 Speaker 7: A Lago hat in hand. So you know, this is 348 00:18:27,320 --> 00:18:30,480 Speaker 7: Kevin McCarthy in the position he finds himself in as 349 00:18:30,520 --> 00:18:33,240 Speaker 7: he desperately tries to maintain this job. And I think 350 00:18:33,280 --> 00:18:36,560 Speaker 7: the question that has to be asked about Kevin McCarthy 351 00:18:36,640 --> 00:18:39,960 Speaker 7: to Kevin McCarthy rather is is this job worth it? 352 00:18:40,440 --> 00:18:43,600 Speaker 7: You have to be able at some point to stand 353 00:18:43,760 --> 00:18:47,400 Speaker 7: up for what you believe. And with Kevin McCarthy, we 354 00:18:47,440 --> 00:18:50,400 Speaker 7: see him say one thing privately, one thing publicly, one 355 00:18:50,440 --> 00:18:52,879 Speaker 7: thing to Zelenski, one thing to reporters, one thing to 356 00:18:52,920 --> 00:18:54,919 Speaker 7: his caucus. I mean it goes on and on, and 357 00:18:54,960 --> 00:18:57,640 Speaker 7: at some point he may not have this job much 358 00:18:57,680 --> 00:19:00,520 Speaker 7: longer because he's been too cute by half. And I 359 00:19:00,520 --> 00:19:03,000 Speaker 7: think it's an awful shame for Kevin McCarthy to be 360 00:19:03,040 --> 00:19:03,760 Speaker 7: in this situation. 361 00:19:04,480 --> 00:19:07,400 Speaker 2: Well, you guys agree on that one. As we consider 362 00:19:07,440 --> 00:19:10,639 Speaker 2: what's happening all the while in Detroit, I've got to 363 00:19:10,680 --> 00:19:14,080 Speaker 2: ask you both about the strike here as we stand 364 00:19:14,080 --> 00:19:17,840 Speaker 2: by to hear from President Zelenski at the un Friday 365 00:19:17,920 --> 00:19:22,600 Speaker 2: deadline noontime high noon, says Sean Fain. The UAW, as 366 00:19:22,600 --> 00:19:25,240 Speaker 2: I read on the terminal, says more of its members 367 00:19:25,280 --> 00:19:27,680 Speaker 2: will go on strike at all three of the Big 368 00:19:27,720 --> 00:19:31,600 Speaker 2: Three if deals are not in place by then maybe 369 00:19:31,640 --> 00:19:35,000 Speaker 2: we haven't really even seen the hardball yet. Rick, what 370 00:19:35,040 --> 00:19:38,080 Speaker 2: do you think does a deal emerge ahead of the deadline? 371 00:19:39,480 --> 00:19:42,280 Speaker 9: Yeah, I actually think the UAW did a brilliant move. 372 00:19:42,800 --> 00:19:44,960 Speaker 9: I hate to give them credit for this, but the 373 00:19:45,040 --> 00:19:49,280 Speaker 9: standing strike, you know, only three locations, a lot more 374 00:19:49,359 --> 00:19:50,280 Speaker 9: leverage to do. 375 00:19:51,840 --> 00:19:54,639 Speaker 5: Use the week very effectively to draw. 376 00:19:54,800 --> 00:19:59,240 Speaker 9: A distinction between the ultra rich executives and the you know, 377 00:19:59,280 --> 00:20:02,400 Speaker 9: blue collar work that are making the cars. I think 378 00:20:02,440 --> 00:20:06,359 Speaker 9: he's played this week as best as any labor union 379 00:20:06,440 --> 00:20:10,240 Speaker 9: leader I've ever seen, splitting the politics, having Donald Trump, 380 00:20:10,440 --> 00:20:13,920 Speaker 9: you know, basically looking like he's trying to directly appeal 381 00:20:14,040 --> 00:20:18,960 Speaker 9: to UAW workers, and the President, who seems outflanked by that, 382 00:20:19,840 --> 00:20:22,560 Speaker 9: is caught in between wanting the economy to move forward 383 00:20:23,040 --> 00:20:24,880 Speaker 9: but not wanting to look like he's helping a bunch 384 00:20:24,880 --> 00:20:27,320 Speaker 9: of rich executives. I mean, this is a mess of 385 00:20:27,400 --> 00:20:30,320 Speaker 9: effort proportion, and I think the UAW seems to have 386 00:20:30,359 --> 00:20:32,800 Speaker 9: everybody on the run. I wouldn't be surprised if they 387 00:20:32,800 --> 00:20:36,360 Speaker 9: don't increase the strike after the Friday deadline. I doubt 388 00:20:36,359 --> 00:20:38,399 Speaker 9: if they're going to get a deal done because I 389 00:20:38,440 --> 00:20:40,000 Speaker 9: don't think there's enough pain in the. 390 00:20:40,119 --> 00:20:41,520 Speaker 5: Corporate boardroom right now. 391 00:20:42,200 --> 00:20:45,040 Speaker 9: But after Friday, I think all bets are off and 392 00:20:45,320 --> 00:20:47,400 Speaker 9: you could probably see something happen pretty quick. 393 00:20:47,920 --> 00:20:48,080 Speaker 6: Well. 394 00:20:48,119 --> 00:20:51,720 Speaker 2: The debate among Republicans is fascinating to me, Jennie, and 395 00:20:51,720 --> 00:20:54,639 Speaker 2: as a Democrat who supports unionized labor, I would love 396 00:20:54,680 --> 00:20:57,679 Speaker 2: your take on this JD vance with an op ed 397 00:20:57,720 --> 00:21:01,160 Speaker 2: and the Toledo Blade with this moment Hero, the UAW 398 00:21:01,320 --> 00:21:04,359 Speaker 2: leadership has an opportunity they cannot let slip through their grasp. 399 00:21:05,000 --> 00:21:07,560 Speaker 2: Should use their leverage and force the president to stop 400 00:21:07,560 --> 00:21:11,000 Speaker 2: subsidizing an industry that benefits communist China more than it 401 00:21:11,040 --> 00:21:13,879 Speaker 2: does American workers. That's an op ed that's resonating today. 402 00:21:13,880 --> 00:21:15,360 Speaker 2: On the other side of things, and by the way, 403 00:21:15,440 --> 00:21:18,120 Speaker 2: Rick also referred to another big part of this. It's 404 00:21:18,119 --> 00:21:21,600 Speaker 2: Donald Trump going to speak to UAW members in Detroit 405 00:21:22,520 --> 00:21:26,560 Speaker 2: instead of attending the Republican presidential debate next week. On 406 00:21:26,600 --> 00:21:30,200 Speaker 2: the other end is Senator Tim Scott. Imagine this as 407 00:21:30,200 --> 00:21:34,080 Speaker 2: Donald Trump courts an endorsement from the UAW, Tim Scott 408 00:21:34,119 --> 00:21:38,879 Speaker 2: calls up Ronald Reagan and talks about potentially firing unionized 409 00:21:38,920 --> 00:21:42,280 Speaker 2: workers who go on strike, with memories of those were, 410 00:21:42,280 --> 00:21:45,960 Speaker 2: of course, federal workers air traffic controllers back in the eighties. 411 00:21:46,000 --> 00:21:48,120 Speaker 2: Here's Tim Scott on the campaign trail. 412 00:21:49,720 --> 00:21:50,720 Speaker 5: Donald Raigny gave. 413 00:21:50,560 --> 00:21:54,560 Speaker 1: As a great example the guen federal voice side must 414 00:21:54,600 --> 00:21:57,000 Speaker 1: write that you start your fire. 415 00:21:57,640 --> 00:22:00,119 Speaker 5: Civil concept to me to they said that week. If 416 00:22:00,160 --> 00:22:01,399 Speaker 5: you said it once again. 417 00:22:01,440 --> 00:22:04,560 Speaker 2: Absolutely, you're striking your fire. Genie, which one of these 418 00:22:05,920 --> 00:22:09,240 Speaker 2: approaches of all three might stick for Republicans. 419 00:22:10,560 --> 00:22:12,800 Speaker 7: You know, I have to say here, I think JD. 420 00:22:13,000 --> 00:22:16,159 Speaker 7: Vance and Donald Trump's political instincts are much better than 421 00:22:16,240 --> 00:22:19,520 Speaker 7: Tim Scott's on this issue. They understand the reality is 422 00:22:20,000 --> 00:22:23,680 Speaker 7: the Republicans had the White House in twenty sixteen because 423 00:22:23,720 --> 00:22:27,000 Speaker 7: they were able to make inroads in the Midwest. Michigan 424 00:22:27,200 --> 00:22:31,400 Speaker 7: is critical in twenty twenty four. Joe Biden narrowly captures 425 00:22:31,440 --> 00:22:34,159 Speaker 7: it in twenty If he loses it, Donald Trump or 426 00:22:34,200 --> 00:22:37,119 Speaker 7: whoever the Republican nominee is, is likely to win. And 427 00:22:37,200 --> 00:22:40,240 Speaker 7: it seems to me that Donald Trump understands that full well. 428 00:22:40,640 --> 00:22:43,720 Speaker 7: He speaks a language that appeals to workers on the line. 429 00:22:44,080 --> 00:22:48,480 Speaker 7: The problem is his policies haven't followed suit. So while 430 00:22:48,560 --> 00:22:50,920 Speaker 7: he's trying to use this cudgel of China and he's 431 00:22:50,960 --> 00:22:54,040 Speaker 7: trying to talk about to EVS, I think Sean Fain 432 00:22:54,240 --> 00:22:56,320 Speaker 7: is right to point out that you have a millionaire 433 00:22:56,440 --> 00:22:59,800 Speaker 7: billionaire talking to people on the line about what he's 434 00:22:59,800 --> 00:23:02,359 Speaker 7: going to do for them. It falls flat from the 435 00:23:02,440 --> 00:23:05,560 Speaker 7: perspective of the leadership of the UAW. But I think 436 00:23:06,119 --> 00:23:08,920 Speaker 7: Trump is right, and so is Advance to try to 437 00:23:09,000 --> 00:23:11,239 Speaker 7: make this play. I think Scott's got to wake up 438 00:23:11,280 --> 00:23:13,960 Speaker 7: to the reality of the way the electoral College works 439 00:23:14,040 --> 00:23:17,760 Speaker 7: this day, and this is a really important constituency to 440 00:23:18,040 --> 00:23:20,520 Speaker 7: appeal to and vance and Trump know that. 441 00:23:22,760 --> 00:23:26,000 Speaker 2: How does President Biden answer this challenge then, Rick, does 442 00:23:26,040 --> 00:23:29,160 Speaker 2: he show up on the picket line? Does he come 443 00:23:29,280 --> 00:23:33,320 Speaker 2: up with some sort of special one time unemployment insurance 444 00:23:33,400 --> 00:23:35,200 Speaker 2: for workers? How does he seize the moment? 445 00:23:36,080 --> 00:23:38,399 Speaker 9: Yeah, I think he's I think he's got to have 446 00:23:38,520 --> 00:23:41,320 Speaker 9: some of those options in his toolkit right now. And 447 00:23:42,280 --> 00:23:44,840 Speaker 9: I'd say he's got less than a week because he 448 00:23:44,920 --> 00:23:47,160 Speaker 9: wants to do whatever he's going to do to help 449 00:23:47,240 --> 00:23:49,320 Speaker 9: benefit the UAW workers. 450 00:23:49,600 --> 00:23:50,760 Speaker 5: He's got to do it before. 451 00:23:50,600 --> 00:23:53,399 Speaker 9: Donald Trump shows up there, because Donald Trump will tell 452 00:23:53,440 --> 00:23:55,359 Speaker 9: him what they want to hear and with no real 453 00:23:55,480 --> 00:23:58,439 Speaker 9: intention of doing anything about it. But I think it's 454 00:23:58,480 --> 00:24:02,080 Speaker 9: a broader issue here, so like how far the Republican 455 00:24:02,160 --> 00:24:06,560 Speaker 9: Party has come from supporting free enterprise and corporate America. 456 00:24:06,880 --> 00:24:10,200 Speaker 9: I mean, these corporations have a friend. I mean, look 457 00:24:10,240 --> 00:24:13,280 Speaker 9: at the Santas. He's out there attacking corporations every day. 458 00:24:13,800 --> 00:24:16,440 Speaker 9: You know, they're too woke, they're too involved in politics. 459 00:24:16,760 --> 00:24:19,399 Speaker 9: And you know, here are politicians now getting involved in 460 00:24:19,520 --> 00:24:22,800 Speaker 9: labor strikes, not on the side of the chief executives 461 00:24:22,840 --> 00:24:25,720 Speaker 9: in the boardroom, but on the side of the union organizers. 462 00:24:25,800 --> 00:24:27,560 Speaker 5: It's it's really amazing. 463 00:24:27,680 --> 00:24:30,920 Speaker 9: And so if Corporate America gets one message out of this, 464 00:24:31,320 --> 00:24:33,320 Speaker 9: like they need to take a look at what kind 465 00:24:33,359 --> 00:24:36,040 Speaker 9: of politics they're playing, because they don't have a friend 466 00:24:36,119 --> 00:24:38,879 Speaker 9: at the in the game right now and they need 467 00:24:38,960 --> 00:24:39,560 Speaker 9: to go find some. 468 00:24:40,160 --> 00:24:42,800 Speaker 2: It's kind of amazing. Republicans are now the party of union, 469 00:24:42,880 --> 00:24:45,399 Speaker 2: labor and tariffs. What's going on? 470 00:24:46,600 --> 00:24:50,040 Speaker 1: You're listening to the Bloomberg Sound on podcast Catch us 471 00:24:50,119 --> 00:24:53,240 Speaker 1: Live weekdays at one Eastern on Bloomberg dot Com, the 472 00:24:53,359 --> 00:24:56,440 Speaker 1: iHeartRadio app, and the Bloomberg Business app. We're listening on 473 00:24:56,520 --> 00:24:58,520 Speaker 1: demand wherever you get your podcasts. 474 00:24:59,400 --> 00:25:03,439 Speaker 2: We have heard from President Biden. He spoke a bit earlier, 475 00:25:03,440 --> 00:25:05,560 Speaker 2: a couple of hours ago. As we see the headline 476 00:25:05,560 --> 00:25:07,760 Speaker 2: on the terminal, Biden urges you when to stand by 477 00:25:07,880 --> 00:25:11,520 Speaker 2: Ukraine as allies see long war ahead. Of course, this 478 00:25:11,760 --> 00:25:15,080 Speaker 2: was for an audience around the world, not just those 479 00:25:15,240 --> 00:25:18,720 Speaker 2: at the United Nations General Assembly and certainly those in 480 00:25:18,800 --> 00:25:20,560 Speaker 2: the US House of Representatives. 481 00:25:20,800 --> 00:25:24,080 Speaker 10: If you allow Ukraine to be carved up, is the 482 00:25:24,160 --> 00:25:30,040 Speaker 10: independence of any nation secure. I right respectfully suggest the answers, No, 483 00:25:31,480 --> 00:25:33,720 Speaker 10: we have to stand up to this negative aggression today 484 00:25:34,640 --> 00:25:38,480 Speaker 10: and deter other would be aggressiors tomorrow. That's why the 485 00:25:38,600 --> 00:25:41,760 Speaker 10: United States, together with our allies and partners around the world, 486 00:25:42,080 --> 00:25:44,439 Speaker 10: will continue to stand with the brave people of Ukraine 487 00:25:44,720 --> 00:25:49,480 Speaker 10: as they defend their sovereignty, an terrotorial integrity, and their freedom. 488 00:25:52,359 --> 00:25:56,359 Speaker 2: Applause for the American president today, standing up to aggression today, 489 00:25:56,960 --> 00:26:00,119 Speaker 2: deterring aggression tomorrow, the message, let's reassemble our pan Well, 490 00:26:00,520 --> 00:26:05,280 Speaker 2: Genie Shanzano and Rick Davis or Bloomberg Politics contributors. Is 491 00:26:05,400 --> 00:26:08,199 Speaker 2: that the case, Genie, that's essentially the argument he's been 492 00:26:08,240 --> 00:26:10,440 Speaker 2: making for nineteen months. Or does he need to start 493 00:26:10,520 --> 00:26:13,720 Speaker 2: altering that argument to tailor certain interests here in the Capitol? 494 00:26:15,080 --> 00:26:15,280 Speaker 4: Yeah? 495 00:26:15,320 --> 00:26:17,480 Speaker 7: I mean, I think it's an important argument, and I 496 00:26:17,600 --> 00:26:20,440 Speaker 7: thought the speech today was fairly good. I thought it 497 00:26:20,600 --> 00:26:23,160 Speaker 7: was very strong on the issue you talked the most about, 498 00:26:23,200 --> 00:26:26,800 Speaker 7: which was obviously Ukraine. I do think he needs to 499 00:26:26,840 --> 00:26:30,359 Speaker 7: be cognizant of not just the world audience and that 500 00:26:30,520 --> 00:26:33,520 Speaker 7: is critical, but also the audience here at home. And 501 00:26:33,680 --> 00:26:37,080 Speaker 7: I've long thought he thought rather he needs to do 502 00:26:37,760 --> 00:26:41,760 Speaker 7: a better job, and it's a hard job of letting 503 00:26:41,800 --> 00:26:45,560 Speaker 7: Americans know why they have an interest in continuing this 504 00:26:45,720 --> 00:26:49,360 Speaker 7: level of monetary support for Ukraine, because this is where 505 00:26:49,440 --> 00:26:52,800 Speaker 7: we see poll numbers dipping, not just with Republicans but 506 00:26:52,920 --> 00:26:56,240 Speaker 7: with Democrats. And it's not that the American people don't 507 00:26:56,280 --> 00:26:59,600 Speaker 7: support Ukraine in the fight against Russia. It's that there 508 00:27:00,080 --> 00:27:02,800 Speaker 7: earned about sending resources, and I think there's an important 509 00:27:02,920 --> 00:27:05,760 Speaker 7: argument to be made about why that's in our interest. 510 00:27:06,160 --> 00:27:08,359 Speaker 7: But I think that should be a big part of 511 00:27:08,400 --> 00:27:10,439 Speaker 7: the focus. So I thought he missed a little bit 512 00:27:10,520 --> 00:27:13,240 Speaker 7: of that today, But overall, on Ukraine, I thought it 513 00:27:13,400 --> 00:27:16,160 Speaker 7: was a good speech. Not so much on climate change, 514 00:27:16,160 --> 00:27:18,240 Speaker 7: where I think he's going to get hit very hard 515 00:27:18,760 --> 00:27:21,080 Speaker 7: and he already has, but I think he'll get hit 516 00:27:21,200 --> 00:27:24,320 Speaker 7: harder by activists and that's a problem for him domestically, 517 00:27:24,760 --> 00:27:26,359 Speaker 7: let alone for people around the world. 518 00:27:26,880 --> 00:27:28,840 Speaker 2: Well, Genie does remind us this speech was about a 519 00:27:28,960 --> 00:27:31,240 Speaker 2: lot more than Ukraine. I'm zeroing in on that point 520 00:27:31,280 --> 00:27:33,719 Speaker 2: as we're kind of talking about the budget debate here 521 00:27:33,800 --> 00:27:37,760 Speaker 2: in Washington, but knowing that President Zelenski will be here, Rick, 522 00:27:37,880 --> 00:27:40,560 Speaker 2: does this set the table for what's going to be 523 00:27:40,640 --> 00:27:43,160 Speaker 2: a much Louder conversation at the end of this week. 524 00:27:44,800 --> 00:27:45,760 Speaker 5: Yeah, I actually. 525 00:27:46,240 --> 00:27:49,720 Speaker 9: Shockingly agree with Genie on the need for Biden to 526 00:27:49,840 --> 00:27:52,600 Speaker 9: have done more to lay out why the American people 527 00:27:52,680 --> 00:27:57,560 Speaker 9: should care about Vladimir Zelenski and the Ukrainians. But I 528 00:27:57,640 --> 00:28:01,000 Speaker 9: think it should have started with a full throat at attack, 529 00:28:01,680 --> 00:28:05,000 Speaker 9: not on Russia. Russia didn't start the war. Russia didn't invade. 530 00:28:05,080 --> 00:28:08,840 Speaker 5: Vladimir Putin did. And I'm just stunned that Vladimir Putin 531 00:28:08,960 --> 00:28:12,639 Speaker 5: is basically getting away with a buye from, you know, 532 00:28:13,080 --> 00:28:15,159 Speaker 5: from the President of United States and a speech to 533 00:28:15,240 --> 00:28:15,600 Speaker 5: the UN. 534 00:28:16,560 --> 00:28:18,680 Speaker 9: Here's a guy who's like running out of troops and 535 00:28:18,800 --> 00:28:21,000 Speaker 9: running out of AMMO, so he's going around to every 536 00:28:21,119 --> 00:28:24,040 Speaker 9: two bit dictator in the world he can find, begging 537 00:28:24,160 --> 00:28:27,160 Speaker 9: for armors that he can use in a country. 538 00:28:26,840 --> 00:28:27,600 Speaker 5: That he's invaded. 539 00:28:27,640 --> 00:28:30,200 Speaker 9: I mean, I think it could have been a much 540 00:28:30,320 --> 00:28:34,720 Speaker 9: more ferocious speech by the President and that would remind 541 00:28:34,840 --> 00:28:37,720 Speaker 9: everybody in Congress you have one side to be on 542 00:28:38,240 --> 00:28:41,360 Speaker 9: Vladimir Putins or ours, And I think when you put 543 00:28:41,400 --> 00:28:43,320 Speaker 9: it in the that context, there are a lot of 544 00:28:43,360 --> 00:28:45,840 Speaker 9: people who'll be voting yes on a funding bill. 545 00:28:46,200 --> 00:28:47,280 Speaker 5: For the Ukraine. 546 00:28:47,840 --> 00:28:51,320 Speaker 2: Well, that's a reality check for the naysayers here in Washington, 547 00:28:51,600 --> 00:28:57,680 Speaker 2: certainly Genie the It's an interesting debate here that we're hearing, 548 00:28:58,000 --> 00:29:00,600 Speaker 2: and I'm not sure what your expectations are later on 549 00:29:00,720 --> 00:29:05,040 Speaker 2: this week, But should funding the government rely on funding 550 00:29:05,080 --> 00:29:08,000 Speaker 2: for Ukraine here or should Congress be handling this as 551 00:29:08,040 --> 00:29:08,800 Speaker 2: a separate matter. 552 00:29:10,160 --> 00:29:12,959 Speaker 7: You know, I do think it makes sense to handle 553 00:29:13,080 --> 00:29:15,840 Speaker 7: it with the emergency aid that needs to go out 554 00:29:15,960 --> 00:29:19,440 Speaker 7: to so many places impacted, including Hawaii, which hasn't gotten 555 00:29:19,440 --> 00:29:23,080 Speaker 7: as much attention of late, and other places that have 556 00:29:23,200 --> 00:29:26,080 Speaker 7: experienced that. So I do think it makes sense to 557 00:29:26,200 --> 00:29:30,520 Speaker 7: do it that way. You know, I think the reality 558 00:29:30,720 --> 00:29:33,800 Speaker 7: is and I love how Rick is saying shocking when 559 00:29:33,840 --> 00:29:35,960 Speaker 7: he agrees with me. Rick agrees with me more than 560 00:29:36,000 --> 00:29:40,360 Speaker 7: he wants to admit. But you know, I do think 561 00:29:40,440 --> 00:29:43,680 Speaker 7: the problem that the Republicans have is when you talk 562 00:29:43,760 --> 00:29:49,520 Speaker 7: about Putin, you have a small group, but a sizeable, powerful, 563 00:29:49,680 --> 00:29:52,880 Speaker 7: loud group in the Republican Party who are fine with 564 00:29:53,040 --> 00:29:55,760 Speaker 7: being together with strong men like Vladimir Putin, and that 565 00:29:55,880 --> 00:29:58,760 Speaker 7: comes right from the top, people like Donald Trump. So 566 00:29:59,120 --> 00:30:01,600 Speaker 7: you know, that's a problem for the Republican Party, but 567 00:30:01,760 --> 00:30:05,160 Speaker 7: for Democrats in the administration. I agree that would be 568 00:30:05,240 --> 00:30:07,960 Speaker 7: a tactic for Biden's sake, But I say I think 569 00:30:08,080 --> 00:30:11,920 Speaker 7: most importantly, he's got to make the case, as he's 570 00:30:12,080 --> 00:30:15,080 Speaker 7: tried to make to his credit throughout his presidency, that 571 00:30:15,400 --> 00:30:18,880 Speaker 7: this is a struggle much bigger than Putin or Russia. 572 00:30:19,000 --> 00:30:22,920 Speaker 7: It is a struggle between the autocrats of the world, 573 00:30:23,120 --> 00:30:25,880 Speaker 7: and when we say they are winning, the data supports that, 574 00:30:26,440 --> 00:30:30,440 Speaker 7: and democracies like ours, which are in enormous up people 575 00:30:30,720 --> 00:30:34,040 Speaker 7: look at what's happening with Modi and India and Canada today. 576 00:30:34,080 --> 00:30:36,959 Speaker 7: We haven't even talked about that. I mean, democracies are 577 00:30:37,000 --> 00:30:41,040 Speaker 7: in peril. We have an obligation in the United States 578 00:30:41,160 --> 00:30:43,680 Speaker 7: to lead us through that for people around the world. 579 00:30:44,000 --> 00:30:46,080 Speaker 7: And that's a message I think Biden's got to send 580 00:30:46,120 --> 00:30:50,200 Speaker 7: to Americans at home and democrats small d around the world. 581 00:30:50,320 --> 00:30:53,320 Speaker 7: And it's far bigger than any sort of bipartisan or 582 00:30:53,400 --> 00:30:54,840 Speaker 7: partisan bickering in the US. 583 00:30:55,720 --> 00:30:58,479 Speaker 2: Rick, do you buy the argument that it's advantage Biden 584 00:30:58,520 --> 00:31:00,880 Speaker 2: because so many other world leaders are not there? You 585 00:31:00,960 --> 00:31:03,920 Speaker 2: already mentioned Putin president, She's not there, Macron's not there, 586 00:31:03,920 --> 00:31:08,480 Speaker 2: asun it's not there. Does that help him maneuver more 587 00:31:08,520 --> 00:31:10,840 Speaker 2: effectively at the general Assembly. 588 00:31:12,040 --> 00:31:14,680 Speaker 9: Well, I certainly think it sends a message that the 589 00:31:14,840 --> 00:31:18,440 Speaker 9: US is willing to engage when others are stuck at home, 590 00:31:18,520 --> 00:31:22,360 Speaker 9: either because of their own crisises or that they really 591 00:31:22,400 --> 00:31:25,400 Speaker 9: don't think it's a welcoming venue for them. 592 00:31:25,560 --> 00:31:27,080 Speaker 5: So look what he's done. 593 00:31:27,120 --> 00:31:30,520 Speaker 9: He's gotten this really cool Atlantic Council that he's put together, 594 00:31:31,760 --> 00:31:33,600 Speaker 9: that he announced I think on the very first day. 595 00:31:33,720 --> 00:31:35,960 Speaker 5: He's meeting with the Central Republics today. 596 00:31:36,080 --> 00:31:39,480 Speaker 9: Now, any time you can get the stands in one 597 00:31:39,600 --> 00:31:42,320 Speaker 9: room without Russia hovering over it is a good day. 598 00:31:42,560 --> 00:31:45,440 Speaker 9: And so I think that's a really important place in 599 00:31:45,560 --> 00:31:48,840 Speaker 9: the region, you know. And he's spending more time with 600 00:31:48,960 --> 00:31:51,640 Speaker 9: the Global South. We've talked a lot about that and 601 00:31:51,880 --> 00:31:55,480 Speaker 9: how important it is in the competition we're having with China. 602 00:31:55,920 --> 00:31:57,520 Speaker 9: So yeah, I mean, I think it's a good use 603 00:31:57,560 --> 00:31:59,720 Speaker 9: of his time. Frankly, I think he ought to stay 604 00:31:59,720 --> 00:32:01,480 Speaker 9: in the work and keep doing it. Don't come back 605 00:32:01,480 --> 00:32:04,120 Speaker 9: to Washington for a while, because this town is not 606 00:32:04,280 --> 00:32:05,280 Speaker 9: set for him right now. 607 00:32:06,080 --> 00:32:07,880 Speaker 2: Well, I'll tell you he's coming back, and this is 608 00:32:07,960 --> 00:32:10,400 Speaker 2: going to be interesting Thursday Friday. It's all anyone will 609 00:32:10,440 --> 00:32:13,000 Speaker 2: be talking about here is funding for Ukraine and how 610 00:32:13,040 --> 00:32:16,360 Speaker 2: it plays into a potential shutdown. Great insights as always 611 00:32:16,360 --> 00:32:21,320 Speaker 2: from Rick Davis and Jeanie Shanzano. They do agree fairly often. 612 00:32:22,360 --> 00:32:24,560 Speaker 2: Our signature panel here on sound On this is always 613 00:32:24,560 --> 00:32:27,000 Speaker 2: who we want to hear from when news hits that matters. 614 00:32:33,960 --> 00:32:36,560 Speaker 2: You're listening to the Bloomberg Sound On podcast. 615 00:32:36,960 --> 00:32:41,000 Speaker 1: Catch the program live weekdays at one Eastern on Bloomberg Radio, 616 00:32:41,200 --> 00:32:43,920 Speaker 1: the tune in app, Bloomberg dot Com, and the Bloomberg 617 00:32:44,000 --> 00:32:47,240 Speaker 1: Business App. You can also listen live on Amazon Alexa 618 00:32:47,360 --> 00:32:50,720 Speaker 1: from our flagship New York station, Just say Alexa play 619 00:32:50,840 --> 00:32:52,120 Speaker 1: Bloomberg eleven thirty. 620 00:32:53,800 --> 00:32:56,520 Speaker 2: As we spend some time with Jane Harman at the 621 00:32:56,600 --> 00:32:59,360 Speaker 2: table again share of the Commission on the National Defense 622 00:32:59,360 --> 00:33:02,000 Speaker 2: Strategy for ranking member of the House Intelligence Committee, Jane, 623 00:33:03,000 --> 00:33:05,200 Speaker 2: I guess, prescient, you're timing to sit here with us 624 00:33:05,200 --> 00:33:08,320 Speaker 2: as we all listen together to President Zelenski today, in 625 00:33:08,400 --> 00:33:10,720 Speaker 2: the time that you have with us, connect the dots 626 00:33:11,200 --> 00:33:14,560 Speaker 2: between this speech and the very difficult conversation it appears 627 00:33:14,640 --> 00:33:16,680 Speaker 2: that we're about to have in Washington upon his visit 628 00:33:16,760 --> 00:33:17,080 Speaker 2: this week. 629 00:33:17,640 --> 00:33:21,040 Speaker 8: Well, this is as I understand, it's Celenski's first speech 630 00:33:21,160 --> 00:33:27,520 Speaker 8: to the UN General Assembly since Russia illegally invaded his country. 631 00:33:28,160 --> 00:33:31,280 Speaker 8: This will be his second speech, well, not to Congress 632 00:33:31,400 --> 00:33:34,560 Speaker 8: as a formal entity, but to members of Congress and 633 00:33:35,080 --> 00:33:41,320 Speaker 8: another meeting with President Biden. The Washington part will be tougher, 634 00:33:41,560 --> 00:33:44,840 Speaker 8: no question, there's a friendly audience at the UN. Russia 635 00:33:44,920 --> 00:33:48,960 Speaker 8: is not present. The four veto wielding members of the 636 00:33:49,080 --> 00:33:52,440 Speaker 8: UN General Assembly other than the US are not there. 637 00:33:53,360 --> 00:33:56,400 Speaker 8: So there are one hundred and fifty countries well represented there, 638 00:33:57,080 --> 00:33:59,360 Speaker 8: many of whom are recepted to his message, although some 639 00:33:59,520 --> 00:34:02,720 Speaker 8: are not and think that there are higher priorities here. 640 00:34:03,200 --> 00:34:06,040 Speaker 8: He's going to pitch one thing, which is supplemental funding 641 00:34:06,360 --> 00:34:10,240 Speaker 8: for his country. Biden is strongly for that. I certainly 642 00:34:10,360 --> 00:34:14,240 Speaker 8: am strongly for that. Some lead Republicans in the Senate, 643 00:34:14,360 --> 00:34:17,360 Speaker 8: like Mitch McConnell, are strongly for it. But Kevin McCarthy 644 00:34:17,480 --> 00:34:20,880 Speaker 8: has basically no room to maneuver and is holding his 645 00:34:21,040 --> 00:34:24,600 Speaker 8: cards close. And it's not clear yet what will happen. 646 00:34:24,719 --> 00:34:28,400 Speaker 8: I predict that funding will occur. I can't imagine the 647 00:34:28,560 --> 00:34:33,120 Speaker 8: US walking back on commitments to not a NATO member, 648 00:34:33,239 --> 00:34:36,120 Speaker 8: but a NATO neighbor. After all, it's gone on, so 649 00:34:37,040 --> 00:34:41,759 Speaker 8: I think Congress weekly but eventually we'll get there in 650 00:34:41,840 --> 00:34:43,160 Speaker 8: the next period. 651 00:34:43,520 --> 00:34:46,239 Speaker 11: But if it is weekly that they get there, if 652 00:34:46,280 --> 00:34:50,520 Speaker 11: it takes a lot of arm wrestling and twisting and 653 00:34:51,600 --> 00:34:55,360 Speaker 11: it's difficult to get done, it shows that there is 654 00:34:55,960 --> 00:34:59,200 Speaker 11: a waning appetite, at least in the US in some 655 00:34:59,360 --> 00:35:02,480 Speaker 11: parts of it to continue supporting Ukraine, and that has 656 00:35:02,600 --> 00:35:04,680 Speaker 11: to ripple around the rest of the world as Biden 657 00:35:04,760 --> 00:35:06,239 Speaker 11: is pitching to other countries to help. 658 00:35:06,280 --> 00:35:08,719 Speaker 8: Well, it's crucial that we be there. More than half 659 00:35:08,760 --> 00:35:12,480 Speaker 8: the funding of Ukraine by NATO comes from the US. 660 00:35:12,640 --> 00:35:16,040 Speaker 8: We have led, Biden has led. Biden deserves enormous credit 661 00:35:16,360 --> 00:35:19,080 Speaker 8: for restoring our alliances, something he talked about at the 662 00:35:19,200 --> 00:35:23,440 Speaker 8: UN earlier today. He really does. But I think this 663 00:35:23,640 --> 00:35:27,320 Speaker 8: is a manifestation of a broken Congress. There's no agreement 664 00:35:27,400 --> 00:35:30,120 Speaker 8: on a budget. People want to reign in spending. This 665 00:35:30,280 --> 00:35:32,400 Speaker 8: is the wrong spending to rein in. I want to 666 00:35:32,440 --> 00:35:34,879 Speaker 8: reign in spending too. While in Congress for nine terms, 667 00:35:34,920 --> 00:35:37,920 Speaker 8: I was a so called blue dog. I'm for fiscal responsibility, 668 00:35:38,520 --> 00:35:42,960 Speaker 8: but this is not responsible to walk back on this war. 669 00:35:43,120 --> 00:35:46,520 Speaker 8: I mean, after all, if we want to contain authoritarian 670 00:35:46,560 --> 00:35:49,719 Speaker 8: aggression in the world, the Ukrainians have to win and 671 00:35:49,840 --> 00:35:50,719 Speaker 8: we have to help them. 672 00:35:50,640 --> 00:35:54,279 Speaker 2: Win, if you know, if anyone does. Everyone's a tough 673 00:35:54,320 --> 00:35:56,520 Speaker 2: guy when they're on a remote interview with an ear piece, 674 00:35:56,800 --> 00:35:59,400 Speaker 2: or they're yelling at somebody by way of an op ed, 675 00:36:00,120 --> 00:36:02,680 Speaker 2: or they're on a cable news network that agrees with them. 676 00:36:03,000 --> 00:36:05,480 Speaker 2: What happens when Speaker McCarthy is standing in the room 677 00:36:06,040 --> 00:36:09,879 Speaker 2: with President Selenski. That's the success that he had upon 678 00:36:09,960 --> 00:36:12,520 Speaker 2: his last visit when he addressed a joint session of Congress. 679 00:36:12,640 --> 00:36:13,560 Speaker 2: Can he recreate that? 680 00:36:14,560 --> 00:36:17,759 Speaker 8: I think it'll be hard. I think he has made 681 00:36:17,880 --> 00:36:20,680 Speaker 8: a deal with the devil, meaning that he has absolutely 682 00:36:20,760 --> 00:36:23,360 Speaker 8: no room to maneuver as speaker. I think in his 683 00:36:23,480 --> 00:36:25,200 Speaker 8: heart he knows what the right thing to do, so 684 00:36:25,280 --> 00:36:28,440 Speaker 8: there's no persuasion. And I don't think he's in favor 685 00:36:28,520 --> 00:36:31,800 Speaker 8: of closing the government either. He is in favor of 686 00:36:31,880 --> 00:36:34,120 Speaker 8: cutting spending, but again, so am I and so are 687 00:36:34,160 --> 00:36:37,399 Speaker 8: lots of people, but not this way. And I don't 688 00:36:37,440 --> 00:36:39,400 Speaker 8: know what he'll say. I think it's going to be 689 00:36:39,640 --> 00:36:41,680 Speaker 8: a very awkward moment for him. 690 00:36:42,840 --> 00:36:45,160 Speaker 11: While we're looking ahead to the speech Selenski is going 691 00:36:45,200 --> 00:36:47,040 Speaker 11: to give in Washington. That speech at the UN General 692 00:36:47,080 --> 00:36:49,800 Speaker 11: Assembly is ongoing. He just said we must act united 693 00:36:49,840 --> 00:36:52,400 Speaker 11: to defeat the aggressor and fight all of these challenges. 694 00:36:52,440 --> 00:36:54,480 Speaker 11: And Jane, I'd like to point to a Bloomberg opinion 695 00:36:54,600 --> 00:36:57,080 Speaker 11: piece by one of our colleagues, Andrea's Kluth today who 696 00:36:57,120 --> 00:37:00,560 Speaker 11: said Moscow's genocidal invasion of Ukraine is person xcisely the 697 00:37:00,640 --> 00:37:03,359 Speaker 11: sort of war of aggression that the UN was meant 698 00:37:03,400 --> 00:37:05,520 Speaker 11: to prevent and punish. And yet much of the world 699 00:37:05,600 --> 00:37:08,080 Speaker 11: still refuses to line up behind Biden in the West 700 00:37:08,440 --> 00:37:10,640 Speaker 11: against Moscow. Does do you an't even really serve a 701 00:37:10,719 --> 00:37:14,240 Speaker 11: real purpose? If that is true, it's a convening authority. 702 00:37:14,480 --> 00:37:16,080 Speaker 11: And look at all the folks who showed up in 703 00:37:16,120 --> 00:37:18,920 Speaker 11: New York. I'm sure the traffic is impassable. Showing up 704 00:37:18,960 --> 00:37:20,440 Speaker 11: there myself in another. 705 00:37:20,239 --> 00:37:24,200 Speaker 8: Day, I'll pay for that. But it is not using 706 00:37:24,360 --> 00:37:27,080 Speaker 8: all the power that it could use. I mean, just 707 00:37:27,200 --> 00:37:30,680 Speaker 8: think about and I think Zelensky was mentioning this, the 708 00:37:31,200 --> 00:37:34,520 Speaker 8: weaponizing of food, the inability of Ukraine to get its 709 00:37:34,560 --> 00:37:37,560 Speaker 8: ships out because of the Russian blockade. Where's the UN? 710 00:37:38,000 --> 00:37:40,279 Speaker 8: The UN could be escorting those ships. This is a 711 00:37:40,400 --> 00:37:43,200 Speaker 8: legitimate question about whether NATO ought to be stepping up 712 00:37:43,239 --> 00:37:47,759 Speaker 8: because three NATO countries border the Black Sea, which is 713 00:37:49,000 --> 00:37:54,360 Speaker 8: a not territory of Russia. So I don't know what 714 00:37:54,480 --> 00:37:58,080 Speaker 8: will happen, but I would love to hear the UN 715 00:37:58,440 --> 00:38:01,800 Speaker 8: itself make some more money uscular comments about Ukraine, and 716 00:38:01,880 --> 00:38:03,400 Speaker 8: I think this would be a good opportunity. 717 00:38:03,640 --> 00:38:05,680 Speaker 2: I'd love your thoughts before you leave us. On the 718 00:38:05,800 --> 00:38:08,280 Speaker 2: news that was driving the day at this time yesterday, 719 00:38:08,280 --> 00:38:11,200 Speaker 2: and that was a prisoner swap with Iran, Secretary of 720 00:38:11,200 --> 00:38:13,880 Speaker 2: State B. Lincoln spoke. I won't say emotionally, but he 721 00:38:13,960 --> 00:38:16,839 Speaker 2: was clearly touched by his conversations. We spoke with them 722 00:38:16,880 --> 00:38:20,360 Speaker 2: moments after they were released. There are Republicans who are 723 00:38:20,480 --> 00:38:25,279 Speaker 2: criticizing this deal heavily. Ted Cruz, senator from Texas, was 724 00:38:25,320 --> 00:38:27,720 Speaker 2: on with us last night who said this was essentially 725 00:38:28,160 --> 00:38:30,640 Speaker 2: the equivalent of a secret nuclear deal with Iran by 726 00:38:30,719 --> 00:38:35,120 Speaker 2: unlocking this money, the six billion dollars that was involved 727 00:38:35,120 --> 00:38:35,760 Speaker 2: in the transaction. 728 00:38:35,840 --> 00:38:38,680 Speaker 5: How would you respond to him, that's a little overblown. 729 00:38:38,960 --> 00:38:41,719 Speaker 8: I mean, getting our prisoners back who are unjustly held 730 00:38:41,880 --> 00:38:44,560 Speaker 8: is a high priority for the US. My understanding is 731 00:38:44,640 --> 00:38:47,560 Speaker 8: we do have means to monitor how this money will 732 00:38:47,600 --> 00:38:50,200 Speaker 8: be spent. This is money, This isn't our money. This 733 00:38:50,400 --> 00:38:54,920 Speaker 8: is money that has been embargoed. That is their money, 734 00:38:55,000 --> 00:38:58,719 Speaker 8: so let's go there. But if it's spent on help 735 00:38:58,800 --> 00:39:01,600 Speaker 8: for the Ukrainian people, that's in our interest. We would 736 00:39:01,719 --> 00:39:04,680 Speaker 8: like the Ukrainian people to know our issue isn't with them, 737 00:39:04,760 --> 00:39:09,360 Speaker 8: it's with their totalitarian government, especially Theresian Yes, with the 738 00:39:09,480 --> 00:39:13,800 Speaker 8: Ukrainian with the Iranian pardon me, pardon me, with the 739 00:39:13,880 --> 00:39:18,560 Speaker 8: Ukrainian people, with the Iranian people, we're talking about our issue. 740 00:39:19,520 --> 00:39:23,800 Speaker 8: Our issue is not with the Iranian people. It's with 741 00:39:23,960 --> 00:39:28,759 Speaker 8: their repressive government, which, among other things, is is doing 742 00:39:28,880 --> 00:39:31,440 Speaker 8: dreadful things to women and women's rights. And as the 743 00:39:31,760 --> 00:39:35,240 Speaker 8: chair of the Freedom House Board, I'm very, very happy 744 00:39:35,560 --> 00:39:38,399 Speaker 8: that we are doing everything we can to protect those women. 745 00:39:38,760 --> 00:39:40,239 Speaker 2: So that was the right deal, You'd do it again. 746 00:39:41,239 --> 00:39:43,680 Speaker 8: I think we need to know a little more, but yes, 747 00:39:44,080 --> 00:39:46,200 Speaker 8: that was in the right direction, and I think Tony 748 00:39:46,239 --> 00:39:49,800 Speaker 8: Blincoln being emotional is also right. I think this is 749 00:39:49,840 --> 00:39:53,520 Speaker 8: a big deal to the American government. Our soft power matters, 750 00:39:53,600 --> 00:39:56,560 Speaker 8: it's not just hard power, and showing that we care 751 00:39:56,600 --> 00:39:59,879 Speaker 8: about Americans and human beings detained all over the world 752 00:40:00,239 --> 00:40:03,080 Speaker 8: is a very high priority for us, and it persuades 753 00:40:03,120 --> 00:40:08,520 Speaker 8: others to support not President Biden per se, although I do, 754 00:40:09,040 --> 00:40:12,360 Speaker 8: but to support policies which bring the world back together 755 00:40:12,880 --> 00:40:14,880 Speaker 8: in favor of freedom and democracy. 756 00:40:15,200 --> 00:40:16,759 Speaker 2: We're glad you could join us. Jan good luck in 757 00:40:16,800 --> 00:40:18,680 Speaker 2: New York this week. Travel safe, we look forward to 758 00:40:18,719 --> 00:40:21,800 Speaker 2: talking again. Jane Harmon, as always, welcome here at the table. 759 00:40:31,239 --> 00:40:33,520 Speaker 2: Thanks for listening to the sound On podcast. Make sure 760 00:40:33,560 --> 00:40:36,400 Speaker 2: to subscribe if you haven't already, at Apple, Spotify, and 761 00:40:36,480 --> 00:40:39,040 Speaker 2: anywhere else you get your podcasts, and you can find 762 00:40:39,080 --> 00:40:42,120 Speaker 2: us live every weekday from Washington, DC at one pm 763 00:40:42,200 --> 00:40:44,239 Speaker 2: Eastern Time at Bloomberg dot com.