1 00:00:02,160 --> 00:00:06,400 Speaker 1: Live from our nation's capital. This is Bloomberg Sound on. 2 00:00:07,040 --> 00:00:09,400 Speaker 1: The parties are divided in terms of the effect that 3 00:00:09,480 --> 00:00:12,320 Speaker 1: the stimulus is going to have. This inflation debate has 4 00:00:12,400 --> 00:00:15,240 Speaker 1: really been heating up the effects of what the Biden 5 00:00:15,240 --> 00:00:20,720 Speaker 1: administration is spending on political capital. Bloomberg Sound on. The insiders, 6 00:00:20,840 --> 00:00:24,439 Speaker 1: the influencers, the insides, A group of centrists are the 7 00:00:24,560 --> 00:00:28,040 Speaker 1: key senators to watch Jill Biden get. Number one focus 8 00:00:28,080 --> 00:00:31,520 Speaker 1: in addition to the COVID health crisis is jobs. I 9 00:00:31,520 --> 00:00:34,360 Speaker 1: don't thickly have red roads and blue roads. And that's 10 00:00:34,360 --> 00:00:37,320 Speaker 1: the way we're looking at this. Schoomberg Sound on with 11 00:00:37,520 --> 00:00:43,000 Speaker 1: Kevin's really on Bloomberg Radio. Let's talk about taxes and 12 00:00:43,040 --> 00:00:46,600 Speaker 1: the economy. And we've got an all star panel to 13 00:00:46,720 --> 00:00:50,120 Speaker 1: join us, including Congressman Andy Barr, Republican from Kentucky's sixth 14 00:00:50,159 --> 00:00:54,360 Speaker 1: congressional district. And we check in with Senator Tina Smith 15 00:00:54,800 --> 00:00:57,280 Speaker 1: as well about the latest on infrastructure. And they're talking 16 00:00:57,320 --> 00:01:00,840 Speaker 1: about taxes. Everyone's talking about tax is. My name is 17 00:01:00,880 --> 00:01:03,920 Speaker 1: Kevin Ceruli. I am the chief Washington correspondent for Bloomberg 18 00:01:03,920 --> 00:01:08,640 Speaker 1: Television and for Bloomberg Radio. I'm accompanied uh, none by 19 00:01:08,680 --> 00:01:13,240 Speaker 1: none other excuse me. Then our Bloomberg Politics contributor Rick Davis. Rick, 20 00:01:13,319 --> 00:01:15,440 Speaker 1: let me clear my throat there, Sorry about that. And 21 00:01:15,480 --> 00:01:19,240 Speaker 1: we are joined by Congressman Andy Barr of a Republican 22 00:01:19,280 --> 00:01:24,200 Speaker 1: from Kentucky UH six Congressional District. Congressman, thanks for joining us. 23 00:01:24,360 --> 00:01:26,200 Speaker 1: I want to play for you some sound on the 24 00:01:26,240 --> 00:01:30,560 Speaker 1: economy from parat Rama Merty. He's the deputy director of 25 00:01:30,600 --> 00:01:33,600 Speaker 1: the National Economic Council, and he spoke with my friend, 26 00:01:33,640 --> 00:01:39,080 Speaker 1: my mentor Tom Keane earlier today on Bloomberg Surveillance about 27 00:01:39,520 --> 00:01:43,040 Speaker 1: the corporate tax rate and how President Biden wants a 28 00:01:43,160 --> 00:01:47,440 Speaker 1: higher corporate taxes and relief for families that earn a 29 00:01:47,520 --> 00:01:51,960 Speaker 1: hundred and ten thousand dollars UH for their families. Take 30 00:01:52,000 --> 00:01:53,680 Speaker 1: a listen to the sound on this, Congressman, and then 31 00:01:53,720 --> 00:01:56,120 Speaker 1: I want to I want to get your response. But 32 00:01:56,320 --> 00:02:00,560 Speaker 1: teacher and a nurse who collectively make a hundred and 33 00:02:00,560 --> 00:02:04,920 Speaker 1: ten thousand dollars UH deserve relief. And what we've seen 34 00:02:04,960 --> 00:02:06,960 Speaker 1: in the data is that families were that kind of 35 00:02:06,960 --> 00:02:10,160 Speaker 1: profile have suffered. I mean, it's important to remember that 36 00:02:10,200 --> 00:02:13,560 Speaker 1: according to the latest data, and one in seven American 37 00:02:13,600 --> 00:02:17,720 Speaker 1: families reported going hungary during the pandemic. Uh, there's a 38 00:02:17,720 --> 00:02:21,480 Speaker 1: lot of need in its very widespread beat. So Congressman, 39 00:02:21,480 --> 00:02:24,560 Speaker 1: to any bar should there be higher corporate taxes? Is 40 00:02:24,560 --> 00:02:28,239 Speaker 1: that going to help the U? S economy? Kevin, thanks 41 00:02:28,280 --> 00:02:33,280 Speaker 1: for having me on, and absolutely not. Your guest, obviously 42 00:02:33,400 --> 00:02:37,440 Speaker 1: is right that middle income Americans and two income earning 43 00:02:38,040 --> 00:02:43,320 Speaker 1: families do need and deserve tax relief. They need economic opportunity. 44 00:02:43,400 --> 00:02:47,200 Speaker 1: But reversing the successful tax cuts from a few years 45 00:02:47,240 --> 00:02:49,920 Speaker 1: ago would not help middle income families. In fact, what 46 00:02:50,000 --> 00:02:52,560 Speaker 1: we saw as a result of the Trump tax cuts 47 00:02:53,240 --> 00:02:57,160 Speaker 1: was basically a raise for most middle income Americans in 48 00:02:57,200 --> 00:02:59,919 Speaker 1: the form of higher pay UH and in the form 49 00:03:00,000 --> 00:03:02,960 Speaker 1: of economic growth that led to to raises and and 50 00:03:03,000 --> 00:03:07,400 Speaker 1: of course those tax cuts also reduced UH the income 51 00:03:07,440 --> 00:03:10,920 Speaker 1: taxes for those individuals. But I would just argue strenuously 52 00:03:11,040 --> 00:03:16,680 Speaker 1: that increasing the corporate tax rate UH, making American businesses 53 00:03:16,680 --> 00:03:21,000 Speaker 1: and employers less competitive, is not a recipe for higher 54 00:03:21,040 --> 00:03:25,560 Speaker 1: wages or salaries for middle income Americans. And if you 55 00:03:25,639 --> 00:03:28,920 Speaker 1: really look at the details of what President Biden, his 56 00:03:28,960 --> 00:03:32,360 Speaker 1: administration and Democrats and Congress are proposing, it's not just 57 00:03:32,480 --> 00:03:36,600 Speaker 1: to raise the corporate income tax, which would be very 58 00:03:36,640 --> 00:03:40,920 Speaker 1: negative for workers but it's also to not repeal some 59 00:03:41,000 --> 00:03:44,360 Speaker 1: of the papers that were included in tax reform, and 60 00:03:44,400 --> 00:03:48,240 Speaker 1: that would be even more punitive on employers and result 61 00:03:48,480 --> 00:03:52,400 Speaker 1: in a more difficult situation for workers in terms of 62 00:03:52,440 --> 00:03:55,560 Speaker 1: their upward mobility. Look, I think communication is key here, 63 00:03:55,600 --> 00:03:58,280 Speaker 1: and this is a somewhat difficult question to ask, but 64 00:03:58,400 --> 00:04:00,960 Speaker 1: let me ask it. Last week I had Senator Elizabeth 65 00:04:01,000 --> 00:04:04,320 Speaker 1: Warren on the program, and she is proposing paying for 66 00:04:04,360 --> 00:04:08,240 Speaker 1: a lot of these types of policies and infrastructure, for example, 67 00:04:08,280 --> 00:04:13,200 Speaker 1: by taxing billionaires, by raising taxes on the ultru wealthy. 68 00:04:13,360 --> 00:04:15,680 Speaker 1: You know, are you? And I take it you're not 69 00:04:15,720 --> 00:04:17,960 Speaker 1: in favor with that. So how do you raise this money? 70 00:04:18,279 --> 00:04:21,440 Speaker 1: It seems that Democrats are saying, let's raise taxes. Okay, 71 00:04:21,520 --> 00:04:23,720 Speaker 1: if if you can't raise the money to raising taxes, 72 00:04:23,720 --> 00:04:27,400 Speaker 1: how you can do it. It's really not a surprise 73 00:04:27,520 --> 00:04:31,360 Speaker 1: that after spending a map at one point nine trillion 74 00:04:31,400 --> 00:04:36,760 Speaker 1: dollars and now astonishingly proposing even more spending, that now 75 00:04:37,400 --> 00:04:40,719 Speaker 1: there's an epiphany among Democrats. So we need to raise taxes, 76 00:04:40,760 --> 00:04:43,800 Speaker 1: and and they like to talk about raising taxes only 77 00:04:43,839 --> 00:04:46,800 Speaker 1: on the wealthy, but even if you tax uh the 78 00:04:46,839 --> 00:04:50,159 Speaker 1: wealthy percent of wouldn't even come close to paying for 79 00:04:50,320 --> 00:04:54,239 Speaker 1: this massive spending spree. Um and and a spending spree 80 00:04:54,480 --> 00:04:56,479 Speaker 1: that less than ten percent of it actually went to 81 00:04:56,600 --> 00:05:00,160 Speaker 1: COVID response, it's really more of a fiscally reck us 82 00:05:00,200 --> 00:05:03,440 Speaker 1: liberal whishless. Look, what I think we need to do 83 00:05:03,560 --> 00:05:07,000 Speaker 1: in this country is exercise some spending restraint and allow 84 00:05:07,120 --> 00:05:10,679 Speaker 1: the American taxpayer to keep more of what they earn 85 00:05:11,400 --> 00:05:15,600 Speaker 1: and um and and and when when the Democrats talk 86 00:05:15,680 --> 00:05:21,159 Speaker 1: about raising taxes only on the wealthy um, First of all, uh, 87 00:05:21,279 --> 00:05:24,920 Speaker 1: you know that's more of a comment about punishing success. 88 00:05:24,920 --> 00:05:28,839 Speaker 1: But but or to the point, uh, middle income families 89 00:05:28,920 --> 00:05:31,159 Speaker 1: better watch their wallet because they're not going to be 90 00:05:31,200 --> 00:05:33,160 Speaker 1: able to pay for all of the spending just by 91 00:05:33,240 --> 00:05:37,400 Speaker 1: raising taxes on the wealthier corporations. Middle income Americans, mark 92 00:05:37,520 --> 00:05:42,080 Speaker 1: my words. Middle income Americans are in the crosshairs of 93 00:05:42,080 --> 00:05:46,400 Speaker 1: of this Democrat Congress and this Democrat administration. Hi, this 94 00:05:46,440 --> 00:05:49,160 Speaker 1: is Rick Davis. Thank you for being on the program today. Congressman. 95 00:05:49,200 --> 00:05:51,920 Speaker 1: I wanted to ask you too about Janet Yellen's uh 96 00:05:52,000 --> 00:05:55,520 Speaker 1: conversations with other countries about potentially trying to find a 97 00:05:56,320 --> 00:05:59,839 Speaker 1: um um some some kind of a compromise on corporate 98 00:06:00,120 --> 00:06:03,680 Speaker 1: Uh taxes. Have you had any chance to to get 99 00:06:03,720 --> 00:06:06,160 Speaker 1: some senses to what the administration seems to be trying 100 00:06:06,160 --> 00:06:10,080 Speaker 1: to do to raise corporate taxes. Well, again, I don't 101 00:06:10,080 --> 00:06:13,640 Speaker 1: know why anybody would want to make American businesses, American 102 00:06:13,680 --> 00:06:17,400 Speaker 1: corporations less globally competitive. What we were able to accomplish 103 00:06:17,480 --> 00:06:20,760 Speaker 1: several years ago with tax cuts was to finally make 104 00:06:21,200 --> 00:06:26,120 Speaker 1: the United States somewhat competitive in a very globally competitive 105 00:06:26,920 --> 00:06:32,080 Speaker 1: tax environment. And this would just punish American businesses. And 106 00:06:32,560 --> 00:06:35,359 Speaker 1: you know, we want to see repatriation, We want to 107 00:06:35,360 --> 00:06:38,479 Speaker 1: see businesses come back to the United States invest in 108 00:06:38,520 --> 00:06:40,599 Speaker 1: the United States. Where we don't want to do is 109 00:06:40,680 --> 00:06:47,480 Speaker 1: discourage companies from locating in the United States. Uh. So again, 110 00:06:47,520 --> 00:06:50,680 Speaker 1: it's it's about global competitiveness. And when we talk about 111 00:06:50,800 --> 00:06:55,120 Speaker 1: raising tax on corporations, you know someone has to pay 112 00:06:55,160 --> 00:06:58,680 Speaker 1: that bill. It's it's not like um, it's not like 113 00:06:58,920 --> 00:07:04,320 Speaker 1: corporations pay and it doesn't impact American workers, American people. Um. 114 00:07:04,480 --> 00:07:06,760 Speaker 1: The American people will pay for it in terms of 115 00:07:06,800 --> 00:07:11,440 Speaker 1: a less dynamics economy, lower wages, UM, less return on 116 00:07:11,480 --> 00:07:15,600 Speaker 1: their investment and uh and and what's really disturbing is 117 00:07:15,640 --> 00:07:17,800 Speaker 1: it's not just about raising corporate taxes. They're also talking 118 00:07:17,800 --> 00:07:21,840 Speaker 1: about raising income taxes. They're talking about a financial transaction tax, 119 00:07:21,880 --> 00:07:25,280 Speaker 1: which would be terrible for capital formation and a huge 120 00:07:25,360 --> 00:07:29,760 Speaker 1: drag on economic growth, UH, and other taxes like raising 121 00:07:30,400 --> 00:07:33,600 Speaker 1: the capital games tax. So you know, at a time 122 00:07:33,600 --> 00:07:36,360 Speaker 1: when we've had this economic crisis, the last thing we 123 00:07:36,400 --> 00:07:40,600 Speaker 1: want to do is to punish success in economic activity. 124 00:07:41,080 --> 00:07:43,320 Speaker 1: You know. It's it's funny because while we do the show, 125 00:07:43,360 --> 00:07:45,920 Speaker 1: I think our executive producer, Christine Barada knows this about me. 126 00:07:46,320 --> 00:07:48,560 Speaker 1: I'm texting sources. I'm trying to get things going on, 127 00:07:48,640 --> 00:07:51,600 Speaker 1: and Senator Kevin Kramer's office, the Republican from North dak 128 00:07:51,720 --> 00:07:54,720 Speaker 1: To just UH confirmed that he'll be on our program tomorrow. 129 00:07:54,760 --> 00:07:57,440 Speaker 1: So I booked Kevin Kramer for tomorrow. But you and 130 00:07:57,600 --> 00:08:00,480 Speaker 1: he am I doing the right grammar, Craig. You and 131 00:08:00,560 --> 00:08:06,360 Speaker 1: he just did the UH introduced legislation in the in 132 00:08:06,440 --> 00:08:09,960 Speaker 1: the in the last week, Senator Cramer introduced the Act 133 00:08:10,280 --> 00:08:13,280 Speaker 1: Fair Access to Banking Act, And you've introduced that in 134 00:08:13,320 --> 00:08:15,600 Speaker 1: the U. S. House of Representatives. Now, the nerd of 135 00:08:15,640 --> 00:08:18,000 Speaker 1: mean knows that this was something that the previous administration 136 00:08:18,560 --> 00:08:21,560 Speaker 1: tried to get into law last UH in the Trump years, 137 00:08:21,560 --> 00:08:24,520 Speaker 1: but they ultimately couldn't. But this would codify the fair 138 00:08:24,560 --> 00:08:28,720 Speaker 1: Access rule issued by former Acting Controller of the Currency 139 00:08:28,840 --> 00:08:33,400 Speaker 1: Brian Brooks in January that requires banks to provide fair 140 00:08:33,440 --> 00:08:37,840 Speaker 1: access to bank services, capital and credit. And this is 141 00:08:37,880 --> 00:08:41,480 Speaker 1: tied to the energy world, which I know has UH 142 00:08:41,559 --> 00:08:45,320 Speaker 1: direct ties to to your congressional district. So explain to 143 00:08:45,400 --> 00:08:48,520 Speaker 1: me in layman's terms of what precisely this is and 144 00:08:48,600 --> 00:08:51,960 Speaker 1: why you want this into law, especially at a time 145 00:08:52,000 --> 00:08:57,760 Speaker 1: when there's a new energy policy with the Biden years. Well, 146 00:08:57,800 --> 00:09:01,160 Speaker 1: you've heard of cancel culture, especially in the context of 147 00:09:01,240 --> 00:09:05,200 Speaker 1: social media. Yeah, we've heard alive about cancel culture. These 148 00:09:05,320 --> 00:09:08,080 Speaker 1: these these days go ahead. Well, what we're talking about 149 00:09:08,120 --> 00:09:12,440 Speaker 1: here is cancel culture and finance. And when I say that, 150 00:09:12,480 --> 00:09:15,719 Speaker 1: I mean that lending decisions should not be dependent on 151 00:09:15,880 --> 00:09:20,520 Speaker 1: whether a businesses is in conforming is in conformity with 152 00:09:20,760 --> 00:09:25,400 Speaker 1: UH the politically correct standards of the day UH lending. 153 00:09:26,000 --> 00:09:30,000 Speaker 1: Lending decisions should be based on objective, risk based underwriting 154 00:09:30,120 --> 00:09:35,120 Speaker 1: standards and the credit worthiness of borrowers, regardless of whether 155 00:09:35,240 --> 00:09:38,840 Speaker 1: or not that business is in the good graces of 156 00:09:38,880 --> 00:09:43,880 Speaker 1: certain woke politicians. I do not believe and Senator Cramer 157 00:09:43,920 --> 00:09:49,800 Speaker 1: does not believe that regulators should harass or uh intimidate 158 00:09:50,120 --> 00:09:55,880 Speaker 1: banks or other lenders from extending credit to certain businesses 159 00:09:55,960 --> 00:09:59,920 Speaker 1: that those politicians or regulators don't happen to like, such 160 00:10:00,160 --> 00:10:05,280 Speaker 1: as fossil energy businesses, or money services businesses, or maybe 161 00:10:05,280 --> 00:10:09,959 Speaker 1: fire firearms manufacturers. This and this is exactly what's happening 162 00:10:10,040 --> 00:10:14,080 Speaker 1: under the Biden administration and announced and stated policy of 163 00:10:14,160 --> 00:10:18,600 Speaker 1: politicizing the allocation of capital. And I think that should 164 00:10:18,600 --> 00:10:22,960 Speaker 1: scare everyone because once um, once banks and lenders can 165 00:10:23,000 --> 00:10:28,360 Speaker 1: be uh intimidated into cutting off, choking off financing for 166 00:10:28,480 --> 00:10:32,119 Speaker 1: one group, they can be cajoled into cutting off financing 167 00:10:32,120 --> 00:10:34,080 Speaker 1: to another group. And we should not be in the 168 00:10:34,120 --> 00:10:37,559 Speaker 1: business of picking winners and losers in the actual marketplace. 169 00:10:37,600 --> 00:10:40,160 Speaker 1: We've seen the picking of winners and losers in the 170 00:10:40,160 --> 00:10:44,080 Speaker 1: marketplace of ideas. This is cancel culture in finance. But 171 00:10:44,160 --> 00:10:45,960 Speaker 1: do you think that you're actually gonna be able to 172 00:10:46,000 --> 00:10:49,120 Speaker 1: get Democrats to support this? I mean, this is respectually 173 00:10:49,120 --> 00:10:53,600 Speaker 1: a long shot given the current makeup of Congress. You know, 174 00:10:54,200 --> 00:10:57,600 Speaker 1: I would hope that uh liberals or anyone of any 175 00:10:57,600 --> 00:11:02,400 Speaker 1: political persuasion would recognize the terrible precedent this set the 176 00:11:02,520 --> 00:11:07,040 Speaker 1: sets to to allow um UH financial regulation to be 177 00:11:07,160 --> 00:11:11,600 Speaker 1: used as a weapon against a political target. And you know, 178 00:11:11,679 --> 00:11:16,640 Speaker 1: there are businesses that may have unpopular political status with 179 00:11:16,720 --> 00:11:21,120 Speaker 1: conservatives that could very well be UH the target of 180 00:11:21,679 --> 00:11:25,640 Speaker 1: UH cancel culture in the opposite direction. So look, well, 181 00:11:25,679 --> 00:11:30,880 Speaker 1: we think banking should be about is nondiscrimination, that lending 182 00:11:30,880 --> 00:11:34,920 Speaker 1: decisions should be based on objective criteria of credit worthiness, 183 00:11:34,960 --> 00:11:37,240 Speaker 1: and it shouldn't. And banks should not be in the 184 00:11:37,280 --> 00:11:40,959 Speaker 1: business of UH. And certainly financial regulators should not be 185 00:11:41,000 --> 00:11:45,359 Speaker 1: in the business of picking winners and losers in the marketplace. UH. 186 00:11:45,520 --> 00:11:49,080 Speaker 1: That should be left up to consumers. Consumers should choose 187 00:11:49,120 --> 00:11:52,920 Speaker 1: whether or not a particular product or services is worthy 188 00:11:52,960 --> 00:11:57,439 Speaker 1: of their support. Congressman this Rick Davis UH. In the press, 189 00:11:57,440 --> 00:11:59,880 Speaker 1: there's been a lot of attention on the recent surge 190 00:11:59,880 --> 00:12:03,280 Speaker 1: of migrant children coming across the border, and the administration 191 00:12:03,400 --> 00:12:08,240 Speaker 1: seems to be contemplating whether they're going to raise refugee caps. UH. 192 00:12:08,360 --> 00:12:10,640 Speaker 1: What's your sense of the situation and why is it 193 00:12:10,720 --> 00:12:13,560 Speaker 1: that the Biden administration seems to want to try to 194 00:12:13,640 --> 00:12:18,040 Speaker 1: downplay this current crisis. Well, I think it's because it's 195 00:12:18,040 --> 00:12:21,560 Speaker 1: a crisis of their own making. I mean, if you 196 00:12:21,640 --> 00:12:25,640 Speaker 1: look at just the raw numbers in terms of where 197 00:12:25,679 --> 00:12:29,080 Speaker 1: we were before with a very different policy in place, 198 00:12:29,240 --> 00:12:32,000 Speaker 1: versus the open borders policy that we see now, we 199 00:12:32,040 --> 00:12:34,760 Speaker 1: see a real dramatic difference in terms of apprehensions and 200 00:12:34,800 --> 00:12:38,440 Speaker 1: the legal border crossings. Back in January, there was only 201 00:12:38,679 --> 00:12:43,360 Speaker 1: about thirty six thousand apprehensions UH, and yet in February 202 00:12:43,400 --> 00:12:48,480 Speaker 1: of one, after the radical shift in policy from the 203 00:12:48,480 --> 00:12:53,800 Speaker 1: Biden administration, we're seeing over a hundred thousands apprehensions. And 204 00:12:53,960 --> 00:12:57,000 Speaker 1: the estimate is that something of the range of thirty 205 00:12:57,800 --> 00:13:01,520 Speaker 1: forty five hundred illegal border cross these every single day 206 00:13:01,760 --> 00:13:04,560 Speaker 1: as a result of the Biden administration's change in policies. 207 00:13:04,600 --> 00:13:07,080 Speaker 1: And what are those changes? They Number one, they halted 208 00:13:07,120 --> 00:13:10,480 Speaker 1: construction of the of the border barriers, the border wall. 209 00:13:10,600 --> 00:13:14,959 Speaker 1: They re implemented the Obama era catch and release policy. 210 00:13:15,040 --> 00:13:18,880 Speaker 1: They attempted to institute a hundred day deportation pause that 211 00:13:18,960 --> 00:13:21,880 Speaker 1: was enjoined by a federal court. And then, of course, 212 00:13:21,960 --> 00:13:25,640 Speaker 1: in the one point nine trillion dollar stimulus check UH 213 00:13:25,960 --> 00:13:30,679 Speaker 1: our stimulus bill, there were um UH stimulus checks made 214 00:13:30,679 --> 00:13:34,400 Speaker 1: available for illegal immigrants, which was of course a magnet 215 00:13:34,480 --> 00:13:38,240 Speaker 1: for more illegal border crossings, not to mention the fact 216 00:13:38,360 --> 00:13:42,040 Speaker 1: that the Biden administration canceled the asylum agreements with Central 217 00:13:42,080 --> 00:13:46,280 Speaker 1: American countries, which was the remain in Mexico policy. The 218 00:13:46,559 --> 00:13:49,680 Speaker 1: result has been that this new policy is a magnet 219 00:13:49,720 --> 00:13:54,000 Speaker 1: for illegal border crossings, and it's a humanitarian crisis right now. 220 00:13:54,040 --> 00:13:56,000 Speaker 1: Several of my colleagues went to the southern border in 221 00:13:56,000 --> 00:13:59,760 Speaker 1: El Paso, Texas. Migrant facilities now at seven hundred and 222 00:14:00,240 --> 00:14:05,679 Speaker 1: nine percent capacity. UM. Many of these unaccompanied children are 223 00:14:05,800 --> 00:14:10,280 Speaker 1: victims of human trafficking and sexual exploitation, and the Biden 224 00:14:10,320 --> 00:14:13,800 Speaker 1: administration won't even admit it's a crisis. You know. The 225 00:14:13,920 --> 00:14:19,400 Speaker 1: Obama Homeland Security Department set former Secretary j Johnson said 226 00:14:19,440 --> 00:14:24,240 Speaker 1: that UM said that UM one fourth of these boarder 227 00:14:24,240 --> 00:14:26,800 Speaker 1: crossings was a crisis, and that the bid administration won't 228 00:14:26,800 --> 00:14:29,600 Speaker 1: even admitute. And yet they're directing SEEMA to assist in 229 00:14:29,640 --> 00:14:33,120 Speaker 1: the government wide effort. Well, by definition, when FEMA gets involved, 230 00:14:33,240 --> 00:14:35,880 Speaker 1: it's a disaster. So we need to we need to 231 00:14:35,920 --> 00:14:38,880 Speaker 1: rethink these open border policies. All right, we're gonna have 232 00:14:38,880 --> 00:14:41,560 Speaker 1: to leave it there. Thank you so much, Congressman for 233 00:14:41,560 --> 00:14:43,440 Speaker 1: for joining us on a host of all of these 234 00:14:43,480 --> 00:14:46,440 Speaker 1: different issues. And again on that new Financial Services bill 235 00:14:46,480 --> 00:14:49,800 Speaker 1: and energy bill really that you introduced earlier. That's Congressman 236 00:14:49,880 --> 00:14:54,920 Speaker 1: Andy Barr of Republican from Kentucky's sixth Congressional district. Let's 237 00:14:54,960 --> 00:14:57,880 Speaker 1: just reset here. I'm Kevin CEREALI chief Washington correspondent for 238 00:14:57,920 --> 00:15:01,920 Speaker 1: Bloomberg Television and for Bloomberg Radio. We're joined now uh 239 00:15:02,120 --> 00:15:05,520 Speaker 1: by not only Bloomberg Politics contributor Rick Davis, but also 240 00:15:05,640 --> 00:15:10,160 Speaker 1: Senator Tina Smith. She is a Democrat from Minnesota, and 241 00:15:10,360 --> 00:15:13,640 Speaker 1: and you, Senator, thank you for being here. Earlier today 242 00:15:14,560 --> 00:15:19,000 Speaker 1: you called out some Democratic opposite or I'm sorry, some 243 00:15:19,040 --> 00:15:24,000 Speaker 1: Republican opposition uh to uh Deb Holland's nomination. I was 244 00:15:24,080 --> 00:15:26,760 Speaker 1: really struck by this. You said that the biases drove 245 00:15:26,840 --> 00:15:32,320 Speaker 1: Republican opposition to Congresswoman Deb Holland of New Mexico's confirmation 246 00:15:32,720 --> 00:15:36,120 Speaker 1: as the fifty four Secretary of the Interior, and that 247 00:15:36,200 --> 00:15:39,520 Speaker 1: Republican colleagues are holding women of color to a different standard, 248 00:15:39,760 --> 00:15:42,240 Speaker 1: an argument that you are going to make, uh, that 249 00:15:42,360 --> 00:15:44,360 Speaker 1: you have made, um, and I wanted to give you 250 00:15:44,400 --> 00:15:47,480 Speaker 1: the opportunity to to to tell us more about about 251 00:15:48,120 --> 00:15:51,400 Speaker 1: about that Huffington Post report, uh that that was released 252 00:15:51,520 --> 00:15:54,520 Speaker 1: yesterday well, thank you, Kevin, and it's great to be 253 00:15:54,640 --> 00:15:58,680 Speaker 1: with you. Um. Yesterday, the Senate confirmed Deb Holland. It 254 00:15:58,720 --> 00:16:03,440 Speaker 1: was historic, uh confirmation to be the first Native woman 255 00:16:03,480 --> 00:16:05,840 Speaker 1: to lead the Department of Interior. There is so much 256 00:16:05,880 --> 00:16:08,920 Speaker 1: historic residence to this, and so I was really proud 257 00:16:09,000 --> 00:16:12,280 Speaker 1: yesterday to stand with stand and support her her nomination. 258 00:16:12,440 --> 00:16:15,480 Speaker 1: And I also took the opportunity to point out how 259 00:16:16,320 --> 00:16:19,320 Speaker 1: Representative Halland and I believe other women of color who 260 00:16:19,320 --> 00:16:21,280 Speaker 1: have come before the Senate had been held to a 261 00:16:21,680 --> 00:16:23,880 Speaker 1: just a different standard in terms of what the in 262 00:16:24,200 --> 00:16:25,960 Speaker 1: the in terms of the way that they have been 263 00:16:25,960 --> 00:16:28,920 Speaker 1: treated by some of my Republican colleagues. And you know, 264 00:16:28,960 --> 00:16:31,600 Speaker 1: I told the story for example of how you know, 265 00:16:31,680 --> 00:16:34,560 Speaker 1: she was called radical and extreme, even though there were 266 00:16:34,640 --> 00:16:38,440 Speaker 1: other members of the Biden administration, excellent candidates who have 267 00:16:38,480 --> 00:16:41,560 Speaker 1: gone through the process and escaped that kind of uh 268 00:16:41,640 --> 00:16:47,760 Speaker 1: you know, ferocious opposition that Representative Holland um uh experienced. 269 00:16:47,800 --> 00:16:50,280 Speaker 1: And I told the story about how when she was 270 00:16:50,320 --> 00:16:54,240 Speaker 1: going through her nomination confirmation hearing I was getting messages 271 00:16:54,240 --> 00:16:58,480 Speaker 1: from all over the country from women and especially Native women, 272 00:16:58,560 --> 00:17:00,200 Speaker 1: saying they were just horrified by the way as she 273 00:17:00,320 --> 00:17:03,200 Speaker 1: was being yelled at and condescended to. And I think 274 00:17:03,200 --> 00:17:06,760 Speaker 1: that it just reveals that even still today, um women 275 00:17:06,760 --> 00:17:09,600 Speaker 1: and especially women of color, are treated differently and held 276 00:17:09,600 --> 00:17:11,399 Speaker 1: to a different standard, and we need to name that. 277 00:17:12,680 --> 00:17:15,080 Speaker 1: In addition to that, So much of the conversation this 278 00:17:15,119 --> 00:17:19,159 Speaker 1: week from from my reporting has been on what comes 279 00:17:19,200 --> 00:17:21,320 Speaker 1: after the stimulus and I know that you have obviously 280 00:17:21,359 --> 00:17:24,920 Speaker 1: played a crucial role, uh, and the stimulus negotiations President 281 00:17:24,920 --> 00:17:27,399 Speaker 1: Biden has been he was at my hometown today of 282 00:17:27,440 --> 00:17:32,200 Speaker 1: Delaware County, Pennsylvania, touting the impacts of the stimulus bill. 283 00:17:32,640 --> 00:17:35,919 Speaker 1: But now we're talking about infrastructure in particular. You've got 284 00:17:36,000 --> 00:17:38,840 Speaker 1: an energy bill as well. What give us just your 285 00:17:38,960 --> 00:17:42,440 Speaker 1: the legislative calendar, so to speak, just so folks can 286 00:17:42,560 --> 00:17:46,600 Speaker 1: can understand where the conversation is headed coming from the 287 00:17:46,680 --> 00:17:49,800 Speaker 1: nation's capital. And the next couple of months, well, I 288 00:17:49,840 --> 00:17:51,600 Speaker 1: think in the next couple of months, there's going to 289 00:17:51,680 --> 00:17:55,399 Speaker 1: be a big, robust, and I hope bipartisan conversation about 290 00:17:55,400 --> 00:17:59,280 Speaker 1: how we need to invest in our infrastructure. For me 291 00:17:59,400 --> 00:18:01,920 Speaker 1: and many there's a key part of that investment needs 292 00:18:01,960 --> 00:18:04,880 Speaker 1: to be investing in our clean energy future. And that's 293 00:18:04,920 --> 00:18:08,320 Speaker 1: where my Clean Electricity Standard Bill comes in. It creates 294 00:18:08,320 --> 00:18:11,920 Speaker 1: a pathway for getting us to net zero carbon emissions 295 00:18:11,920 --> 00:18:17,680 Speaker 1: in the electricity sector section UM sector, pardon me, um uh, 296 00:18:17,800 --> 00:18:19,800 Speaker 1: you know by the middle of a century, if not sooner. 297 00:18:20,200 --> 00:18:24,240 Speaker 1: And it is a very important step towards changing the 298 00:18:24,320 --> 00:18:27,760 Speaker 1: incentives and also really putting us in a position to 299 00:18:27,920 --> 00:18:31,720 Speaker 1: lead on clean electricity standard. One of the thing that 300 00:18:31,800 --> 00:18:35,600 Speaker 1: is so powerful about this is one it's very popular, 301 00:18:35,760 --> 00:18:39,120 Speaker 1: people like it. It's also not one size fits all. 302 00:18:39,160 --> 00:18:42,159 Speaker 1: It allows every utility wherever they are, to decide what 303 00:18:42,320 --> 00:18:46,399 Speaker 1: technology is going to work best for them, and it 304 00:18:46,520 --> 00:18:49,840 Speaker 1: is um gets us to where we need to go. 305 00:18:50,040 --> 00:18:53,120 Speaker 1: I'm excited about the possibilities of moving forward with this, 306 00:18:53,280 --> 00:18:56,000 Speaker 1: and uh, I believe it's going to take us, you know, 307 00:18:56,040 --> 00:18:58,400 Speaker 1: a few months to get it squared away and get 308 00:18:58,440 --> 00:19:00,159 Speaker 1: it get it worked on, and it's not going to 309 00:19:00,240 --> 00:19:02,760 Speaker 1: be easy, but I think it's going to be really important. 310 00:19:02,840 --> 00:19:04,159 Speaker 1: Jump in here. I know you have a follow up 311 00:19:04,160 --> 00:19:07,040 Speaker 1: on us. Yeah, I'm very curious because we know clean 312 00:19:07,119 --> 00:19:10,399 Speaker 1: energy standards by state laws have been very successful in 313 00:19:10,920 --> 00:19:14,600 Speaker 1: promoting renewable energy, and so what did you see is 314 00:19:14,640 --> 00:19:18,240 Speaker 1: the need for a federal standard and how do you 315 00:19:18,280 --> 00:19:21,680 Speaker 1: see it working with these state standards that already exist. Well, 316 00:19:21,720 --> 00:19:24,600 Speaker 1: you make a great point. Nearly a third of Americans 317 00:19:24,680 --> 00:19:29,080 Speaker 1: already get their electricity UM from states where there is 318 00:19:29,119 --> 00:19:31,720 Speaker 1: already they're already on a clear path to a zero 319 00:19:31,760 --> 00:19:34,360 Speaker 1: emissions energy UM. But of course that leads the rest 320 00:19:34,359 --> 00:19:36,200 Speaker 1: of the country that we need to bring along. And 321 00:19:36,480 --> 00:19:38,360 Speaker 1: one of the things that I think is so interesting 322 00:19:38,400 --> 00:19:40,800 Speaker 1: about this, and it gets to your question of why 323 00:19:40,880 --> 00:19:43,800 Speaker 1: is it important to have a national standard, is that 324 00:19:43,960 --> 00:19:46,760 Speaker 1: you know, I hear from you from the large investor 325 00:19:46,800 --> 00:19:49,920 Speaker 1: own utilities that they think that it's a good idea. 326 00:19:49,960 --> 00:19:52,400 Speaker 1: I'm not saying they endorse my idea, you know, hook 327 00:19:52,400 --> 00:19:54,960 Speaker 1: line and sinker, but they think it's important that we 328 00:19:54,960 --> 00:19:59,119 Speaker 1: have clear market signals so they know what kinds of 329 00:19:59,160 --> 00:20:02,639 Speaker 1: capital alec Pacian decisions and capital investment decisions they need 330 00:20:02,680 --> 00:20:05,600 Speaker 1: to make over the next thirty years before or so, 331 00:20:05,760 --> 00:20:08,800 Speaker 1: and a clean electricity standard UM would would would give 332 00:20:08,840 --> 00:20:11,760 Speaker 1: that to them. Just just switch gears for a second. 333 00:20:11,960 --> 00:20:17,520 Speaker 1: UM on the infrastructure piece of legislation, uh and and 334 00:20:17,520 --> 00:20:20,639 Speaker 1: and the timing of that. Do you have any guidance 335 00:20:20,720 --> 00:20:24,680 Speaker 1: from President Biden on when we might have a robust 336 00:20:24,840 --> 00:20:27,760 Speaker 1: pieces of legislation on infrastructure. Is it Is it gonna 337 00:20:27,760 --> 00:20:29,600 Speaker 1: have to wait till the end of the summer? Is 338 00:20:29,640 --> 00:20:32,119 Speaker 1: it in the fall? When when do you think we'll 339 00:20:32,200 --> 00:20:35,960 Speaker 1: we'll get to that debate. Well, I can't speak for 340 00:20:36,000 --> 00:20:38,399 Speaker 1: the administration, but I can tell you that I know 341 00:20:38,480 --> 00:20:41,640 Speaker 1: the Biden Harris administration is working hard on this right now. 342 00:20:41,720 --> 00:20:44,680 Speaker 1: We're having lots of conversations behind you know, kind of 343 00:20:45,160 --> 00:20:48,560 Speaker 1: preliminary conversations about what this needs to look like. I 344 00:20:48,600 --> 00:20:51,640 Speaker 1: think that they are rightly right now also focused on 345 00:20:52,280 --> 00:20:54,639 Speaker 1: making sure that America understands all of the great things 346 00:20:54,640 --> 00:20:58,119 Speaker 1: that are included in the American Rescue Plan. Um. But 347 00:20:58,200 --> 00:21:01,600 Speaker 1: meanwhile there's a lot of behind the scenes conversations happening. 348 00:21:01,640 --> 00:21:03,679 Speaker 1: So I don't it's hard for me to say, maybe 349 00:21:04,000 --> 00:21:06,879 Speaker 1: we can expect something, um, you know, more public in 350 00:21:06,920 --> 00:21:08,840 Speaker 1: the next month or so. But you know that's for 351 00:21:08,880 --> 00:21:11,320 Speaker 1: them to say, all right, we're gonna have to uh 352 00:21:11,640 --> 00:21:13,800 Speaker 1: have to leave it there. Senator Tina Smith, thank you 353 00:21:13,840 --> 00:21:16,479 Speaker 1: so much for uh for coming on to talk with us. 354 00:21:16,600 --> 00:21:19,280 Speaker 1: Also a member of the Senate Banking Committee, So usually 355 00:21:19,320 --> 00:21:22,600 Speaker 1: when I interview Senator Smith, it's about some wonky financial 356 00:21:22,640 --> 00:21:25,000 Speaker 1: services piece of legislation. So it's nice to be able 357 00:21:25,000 --> 00:21:27,400 Speaker 1: to talk to you about some of these other topics. 358 00:21:27,400 --> 00:21:31,200 Speaker 1: Thank you, Senator Smith. All right, and just there said 359 00:21:31,240 --> 00:21:33,800 Speaker 1: here Rick, I mean it's interesting right then and there 360 00:21:33,840 --> 00:21:37,840 Speaker 1: you've got two influencers and from the nation's uh Congress, 361 00:21:37,920 --> 00:21:43,320 Speaker 1: you know, a prominent Republican house member, a prominent Democratic senator. 362 00:21:43,359 --> 00:21:47,399 Speaker 1: And it's interesting too. Again just tossess the land, for 363 00:21:47,480 --> 00:21:51,280 Speaker 1: lack of a better word, in the post stimulus economy. Yeah, 364 00:21:51,280 --> 00:21:54,000 Speaker 1: and the post stimulus politics halls of Congress is what 365 00:21:54,040 --> 00:21:57,160 Speaker 1: I wanted to say. Yeahs out you know in your 366 00:21:57,160 --> 00:22:01,320 Speaker 1: home Dot count Delco. There you talking about his success. 367 00:22:01,520 --> 00:22:05,920 Speaker 1: I pay attention and uh and he's talking about the 368 00:22:05,960 --> 00:22:08,800 Speaker 1: success he's had with the stimulus bill, which absolutely will 369 00:22:08,800 --> 00:22:11,119 Speaker 1: go down in history is one of the biggest spenders 370 00:22:11,520 --> 00:22:14,840 Speaker 1: in in in American history. The the it seems there's 371 00:22:14,840 --> 00:22:17,320 Speaker 1: a lot of question is so what's coming next? You know, 372 00:22:17,480 --> 00:22:19,359 Speaker 1: is it going to be taxes, Is it going to 373 00:22:19,359 --> 00:22:21,399 Speaker 1: be an infrastructure bill? Is it going to be something 374 00:22:21,840 --> 00:22:25,080 Speaker 1: you know that is tied to things like sanctions because 375 00:22:25,080 --> 00:22:27,720 Speaker 1: we also totally unrelated any of this stuff. There's a 376 00:22:27,720 --> 00:22:30,159 Speaker 1: whole world going on out there, and and and and 377 00:22:30,359 --> 00:22:32,919 Speaker 1: sounds like Biden administration may be starting to get tougher 378 00:22:32,960 --> 00:22:35,879 Speaker 1: on Russia and China. There's definitely a whole world out there, 379 00:22:35,880 --> 00:22:38,879 Speaker 1: and coming up, we're gonna talk about about the China 380 00:22:38,960 --> 00:22:41,120 Speaker 1: portion of that. But go ahead, I interrupted you. Yeah, 381 00:22:41,119 --> 00:22:43,720 Speaker 1: and so uh, you know, I think that the question 382 00:22:43,800 --> 00:22:45,480 Speaker 1: is going to be what is next and is it 383 00:22:45,520 --> 00:22:48,000 Speaker 1: going to be successful? If you've got a revenue razor 384 00:22:48,119 --> 00:22:51,040 Speaker 1: like what seems to be being broadcast right now, it's 385 00:22:51,080 --> 00:22:54,520 Speaker 1: gonna meet with incredible resistance in the Senate. You might 386 00:22:54,520 --> 00:22:55,920 Speaker 1: be able to get it out of a House, even 387 00:22:55,960 --> 00:22:59,800 Speaker 1: though you have slim margins. Uh. Even some modern Democrats 388 00:22:59,840 --> 00:23:03,080 Speaker 1: are looking forward to, you know, voting for a tax increase. Uh. 389 00:23:03,160 --> 00:23:05,560 Speaker 1: But you need you know, four or five hundred million 390 00:23:05,600 --> 00:23:09,439 Speaker 1: dollars for a manufacturing bill that you know the administration wants. 391 00:23:09,720 --> 00:23:13,560 Speaker 1: You need three hundred billion dollars for a research and 392 00:23:13,600 --> 00:23:18,320 Speaker 1: development bill that goes as a part of the infrastructure bill. 393 00:23:18,440 --> 00:23:20,280 Speaker 1: So it's where are you going to come up with 394 00:23:20,280 --> 00:23:23,080 Speaker 1: this cash? Uh? And I don't think there's going to 395 00:23:23,119 --> 00:23:26,680 Speaker 1: be support in Congress, certainly not amongst Republicans for going 396 00:23:26,680 --> 00:23:29,159 Speaker 1: into more debt. It's funny I have, you know, as 397 00:23:29,160 --> 00:23:31,560 Speaker 1: a reporter. You have to have sources everywhere. Well, my 398 00:23:31,600 --> 00:23:33,840 Speaker 1: sources were my family back home today as they were 399 00:23:33,840 --> 00:23:39,680 Speaker 1: giving me live updates on the location of President Pidon's whereabouts. 400 00:23:39,680 --> 00:23:45,760 Speaker 1: I'm Kevin Surlie with Rick Davis. This is Bloomberg Broadcasting 401 00:23:45,840 --> 00:23:50,760 Speaker 1: line from our nation's capital, Bloomberg to New York, Bloomberg 402 00:23:50,800 --> 00:23:55,040 Speaker 1: eleven Frio to San Francisco, Bloomberg nine six to the 403 00:23:55,080 --> 00:23:59,280 Speaker 1: country serious XM General one nineteen and around the globe 404 00:23:59,359 --> 00:24:03,359 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This 405 00:24:03,960 --> 00:24:10,200 Speaker 1: is Bloomberg Sound On with Kevin CEREALI Brandon Neo joins 406 00:24:10,280 --> 00:24:14,560 Speaker 1: the All Star Policy Panel with Rick Davis. Brandon's the 407 00:24:14,600 --> 00:24:17,200 Speaker 1: former political director for the d n C and we're 408 00:24:17,240 --> 00:24:20,240 Speaker 1: talking China. My name is Kevin Cereally. I'm the chief 409 00:24:20,240 --> 00:24:24,439 Speaker 1: watching and correspondent for Bloomberg Television and for Bloomberg Radio. 410 00:24:24,920 --> 00:24:27,879 Speaker 1: Our producer Matthew Shirley making me a laugh in the 411 00:24:27,920 --> 00:24:32,320 Speaker 1: break up. Rick Davis is with us. He's Bloomberg Politics contributor, 412 00:24:32,440 --> 00:24:35,720 Speaker 1: and Brandon Neil joins us. He is the former political 413 00:24:35,720 --> 00:24:38,000 Speaker 1: director for the d n C and the former deputy 414 00:24:38,080 --> 00:24:41,520 Speaker 1: chief of staff and political advisor to Congresswoman Karen bass. 415 00:24:41,560 --> 00:24:44,359 Speaker 1: He is also the former senior advisor to Pete Buddha 416 00:24:44,440 --> 00:24:50,560 Speaker 1: Judges presidential campaign. Brandon, Welcome to the All Star Policy Panel. 417 00:24:50,600 --> 00:24:52,960 Speaker 1: I want to talk to geo politics. I love talking 418 00:24:53,000 --> 00:24:57,199 Speaker 1: geo politics. It's my favorite subject. Um. I'm China. I 419 00:24:57,240 --> 00:25:00,520 Speaker 1: want to talk China because I've got sound on the 420 00:25:00,600 --> 00:25:04,000 Speaker 1: state of affairs between the US and China from Secretary 421 00:25:04,000 --> 00:25:09,280 Speaker 1: of State Tony Blanken and so Tony Blinkin. As Secretary, 422 00:25:09,320 --> 00:25:13,800 Speaker 1: Blinkin made his overseas debut, not virtually in real life, 423 00:25:14,480 --> 00:25:17,119 Speaker 1: with a four day trip to Japan and Korea for 424 00:25:17,240 --> 00:25:20,720 Speaker 1: high level meetings with their respective counterparts and the so 425 00:25:20,880 --> 00:25:25,200 Speaker 1: called two plus two talks in Tokyo um uh While 426 00:25:25,240 --> 00:25:29,000 Speaker 1: he was meeting with Tokyo counter While he was meeting 427 00:25:29,000 --> 00:25:33,080 Speaker 1: with his Japanese counterparts in Tokyo Focus Kevin he fired 428 00:25:33,080 --> 00:25:36,000 Speaker 1: a warning shot against China. Take a listen to the 429 00:25:36,000 --> 00:25:39,760 Speaker 1: sound on this series. We're united in the vision of 430 00:25:39,800 --> 00:25:44,200 Speaker 1: a free and open indoor Pacific region where countries follow 431 00:25:44,240 --> 00:25:49,920 Speaker 1: the rules, cooperate whenever they can, and resolve their differences peacefully. 432 00:25:50,680 --> 00:25:53,640 Speaker 1: And in particular, we will push back if necessary when 433 00:25:53,720 --> 00:25:57,280 Speaker 1: China uses coercial regression to get its white It was 434 00:25:57,359 --> 00:26:01,520 Speaker 1: interesting to hear him also address democracy and human rights, 435 00:26:01,960 --> 00:26:04,840 Speaker 1: which he says are under threat in the Indo Pacific region. 436 00:26:05,040 --> 00:26:09,080 Speaker 1: Here's the sound on that in Berba, the military is 437 00:26:09,119 --> 00:26:12,719 Speaker 1: attempting to overturn the results of a democratic election and 438 00:26:12,880 --> 00:26:17,040 Speaker 1: is brutally repressing peaceful protesters and trying to use this 439 00:26:17,080 --> 00:26:21,160 Speaker 1: coercion and aggression two systematically erode autonomy in Hong Kong, 440 00:26:22,800 --> 00:26:26,240 Speaker 1: Brendan neil In. In many ways, this feels almost like 441 00:26:26,280 --> 00:26:31,480 Speaker 1: a return to normal of the types of international and 442 00:26:31,520 --> 00:26:37,040 Speaker 1: geopolitical representation that I think Americans were used to pre 443 00:26:37,200 --> 00:26:40,600 Speaker 1: Trump um right round or indifferent on the global stage. 444 00:26:40,600 --> 00:26:43,919 Speaker 1: Would you agree with that? Agreed? I think that this 445 00:26:44,160 --> 00:26:46,320 Speaker 1: is a signal to show that a merrive is back. 446 00:26:46,840 --> 00:26:48,840 Speaker 1: And I think that is also said in a tone 447 00:26:49,000 --> 00:26:51,560 Speaker 1: in terms of the relationship of what a Biden administration 448 00:26:52,280 --> 00:26:54,840 Speaker 1: will set, it will be as relates to our allies 449 00:26:55,240 --> 00:26:59,480 Speaker 1: across the world, Rick Davis, you know, and having covered 450 00:26:59,480 --> 00:27:03,440 Speaker 1: both administrations, now, uh, it was the type of tone 451 00:27:03,480 --> 00:27:06,520 Speaker 1: that I think set former Secretary of Pompeo would carry, 452 00:27:06,600 --> 00:27:09,480 Speaker 1: but the occupant of the Oval office in that case, 453 00:27:09,520 --> 00:27:12,760 Speaker 1: former President Trump it felt like it was a It 454 00:27:12,840 --> 00:27:16,639 Speaker 1: was the complete opposite coming from the from President Trump 455 00:27:16,640 --> 00:27:20,080 Speaker 1: in terms of how he would negotiate or communicate on 456 00:27:20,160 --> 00:27:25,119 Speaker 1: geopolitical affairs. And now feels like the the commander in 457 00:27:25,200 --> 00:27:29,560 Speaker 1: chief and the nation's top diplomat are speaking in the 458 00:27:29,600 --> 00:27:35,840 Speaker 1: same tone and from the same playbook. Would you agree, Rick, Yes, 459 00:27:36,280 --> 00:27:38,680 Speaker 1: you can hear me, Yes, now I can hear go ahead. Yeah. 460 00:27:38,720 --> 00:27:42,359 Speaker 1: I think it's very clear, Um Kevin, that this administration 461 00:27:42,520 --> 00:27:45,919 Speaker 1: is looking for the ability to speak with one voice 462 00:27:46,000 --> 00:27:48,800 Speaker 1: as a nation, not just as an individual, either President 463 00:27:48,960 --> 00:27:52,399 Speaker 1: or the National Security Advisor or the Secretary Defense or 464 00:27:52,400 --> 00:27:55,240 Speaker 1: the Secretary of State. And so I think that you'll 465 00:27:55,280 --> 00:27:58,119 Speaker 1: see a much more orchestrated and formal foreign policy. But 466 00:27:58,160 --> 00:28:01,040 Speaker 1: I do think one thing is really abundantly you're the 467 00:28:01,119 --> 00:28:04,800 Speaker 1: start of this administration as they are also pursuing a 468 00:28:04,920 --> 00:28:10,320 Speaker 1: multilateral approach to foreign policy. Donald Trump loved Mono Amano, right. 469 00:28:10,400 --> 00:28:13,200 Speaker 1: He was all about me versus you know, President g 470 00:28:13,440 --> 00:28:16,040 Speaker 1: He was all about him and Putin. And I think 471 00:28:16,080 --> 00:28:19,320 Speaker 1: that what this administration is trying to do is to 472 00:28:19,720 --> 00:28:24,960 Speaker 1: assemble the allies back into the US influence and use 473 00:28:25,080 --> 00:28:28,320 Speaker 1: the power of that multiplier effect to then try and 474 00:28:28,440 --> 00:28:31,720 Speaker 1: change the dynamic that right now exists, which is that 475 00:28:31,800 --> 00:28:34,080 Speaker 1: China sort of gotten a drop on us, especially in 476 00:28:34,119 --> 00:28:37,680 Speaker 1: the in the Pack region. From your perspective, what will 477 00:28:37,720 --> 00:28:41,880 Speaker 1: be the first test of that there's been this unfortunate 478 00:28:42,360 --> 00:28:47,960 Speaker 1: resurgence in the zeitgeist of the geopolitical policy makers in 479 00:28:48,040 --> 00:28:52,520 Speaker 1: Washington of the prospects of some type of conflict with 480 00:28:52,680 --> 00:28:57,120 Speaker 1: China and the United States, maybe in Taiwan for example, 481 00:28:57,800 --> 00:29:00,680 Speaker 1: or maybe it's an economic even coal to war than 482 00:29:00,760 --> 00:29:04,719 Speaker 1: than what has been happening in recent months. What do 483 00:29:04,760 --> 00:29:07,480 Speaker 1: you think is next in terms of the calendar of 484 00:29:07,520 --> 00:29:12,280 Speaker 1: a potential hot point between the U S and China. Yeah, 485 00:29:12,320 --> 00:29:15,520 Speaker 1: as you mentioned, I mean there are actual flash points 486 00:29:15,560 --> 00:29:18,920 Speaker 1: like Taiwan in the South China Sea that could become 487 00:29:19,680 --> 00:29:24,760 Speaker 1: uh a sort of uh deathly conflict. But I think 488 00:29:24,760 --> 00:29:27,440 Speaker 1: it's more likely that it comes out of this series 489 00:29:27,480 --> 00:29:32,239 Speaker 1: of issues that have been articulated by Secretary Blinkin on 490 00:29:32,320 --> 00:29:35,600 Speaker 1: his trip out there, and that includes the human rights agenda. 491 00:29:35,960 --> 00:29:38,680 Speaker 1: There's no question that the Biden administration has taken a 492 00:29:38,720 --> 00:29:42,200 Speaker 1: different approach to China than Donald Trump did on human rights, 493 00:29:42,360 --> 00:29:45,600 Speaker 1: and and so you can imagine there being a series 494 00:29:45,600 --> 00:29:49,000 Speaker 1: of sanctions and and and and things like that around 495 00:29:49,040 --> 00:29:53,080 Speaker 1: the human rights record of China to climate. There is 496 00:29:53,120 --> 00:29:56,200 Speaker 1: no question in my mind that at some point in time, 497 00:29:56,720 --> 00:29:59,280 Speaker 1: either as a carrot or a stick, that this Biden 498 00:29:59,280 --> 00:30:02,400 Speaker 1: administration going to use climate as a way to juxtapose 499 00:30:02,480 --> 00:30:06,120 Speaker 1: the US aggressive approach under his administration and the inability 500 00:30:06,120 --> 00:30:08,200 Speaker 1: of China to be able to move on climate brand 501 00:30:08,240 --> 00:30:10,360 Speaker 1: Did you agree with that? How do how does how 502 00:30:10,400 --> 00:30:13,880 Speaker 1: does President Finden do that when domestically there's so much 503 00:30:14,360 --> 00:30:20,520 Speaker 1: divide over solutions to climate um with Democrats and Republicans quickly, 504 00:30:21,400 --> 00:30:23,080 Speaker 1: so I think he's just gonna have to continue to 505 00:30:23,120 --> 00:30:27,240 Speaker 1: reassure um that we are working together, especially like only 506 00:30:27,240 --> 00:30:33,200 Speaker 1: international order, the politically, economically, militarily, and tenchnologically as well 507 00:30:33,200 --> 00:30:35,680 Speaker 1: too in terms of some of the previous challenges that 508 00:30:35,720 --> 00:30:38,440 Speaker 1: occurred under this last administration, and to show how we 509 00:30:38,480 --> 00:30:41,440 Speaker 1: have permitted to do better and we will do better. Um. 510 00:30:41,520 --> 00:30:43,600 Speaker 1: One of the other issues obviously that on a national 511 00:30:43,640 --> 00:30:47,240 Speaker 1: scale now of course we're talking about is immigration, restoring 512 00:30:47,360 --> 00:30:50,120 Speaker 1: order and humanity, right, and so with that, let's talk 513 00:30:50,240 --> 00:30:52,240 Speaker 1: let's talk about immigration coming up, because we have to 514 00:30:52,280 --> 00:30:54,160 Speaker 1: leave it right there from now, I apologize for jumping in, 515 00:30:54,280 --> 00:30:56,360 Speaker 1: but let's talk more about immigration with Brandon and Rick 516 00:30:56,480 --> 00:30:58,600 Speaker 1: coming up next time. Kevin's really this is one book. 517 00:31:00,360 --> 00:31:05,400 Speaker 1: This is Bloomberg Sound On with Kevin Sirel on Bloomberg Radio. 518 00:31:06,840 --> 00:31:12,120 Speaker 1: I'm Kevin Sirelli, Chief Washington correspondent for the Bloomberg Television 519 00:31:12,160 --> 00:31:18,680 Speaker 1: and Bloomberg Radio, accompanied by Bloomberg Politics contributor Rick Davis 520 00:31:18,840 --> 00:31:23,360 Speaker 1: and Brandon Neil Democratic insider Rick. This hour is flying by. Yeah, 521 00:31:23,360 --> 00:31:27,280 Speaker 1: there's been a really interesting group of discussions and panelists, 522 00:31:27,280 --> 00:31:30,320 Speaker 1: and uh, I agree, there's so much on the agenda 523 00:31:30,400 --> 00:31:32,760 Speaker 1: right now. It's hard to take the ones that that 524 00:31:32,880 --> 00:31:34,640 Speaker 1: come right at you, you know. And we got my 525 00:31:34,760 --> 00:31:38,320 Speaker 1: roofs on the boards and Sarah Livesy running the boards 526 00:31:38,400 --> 00:31:40,520 Speaker 1: and you know they're orchestrating it. We had to blow 527 00:31:40,560 --> 00:31:42,320 Speaker 1: the break. We had such great guests. You know, it's 528 00:31:42,320 --> 00:31:45,240 Speaker 1: a whole team effort. It is a team effort. As 529 00:31:45,240 --> 00:31:47,680 Speaker 1: they stay in the biss Brandon, I had to interrupt 530 00:31:47,720 --> 00:31:49,960 Speaker 1: you last time because of the jump. But let's let's 531 00:31:49,960 --> 00:31:52,880 Speaker 1: reset with some immigration because I want to go back 532 00:31:52,920 --> 00:31:58,440 Speaker 1: to to Immigration and Secretary Alejandro ma orchis uh. He 533 00:31:58,560 --> 00:32:02,240 Speaker 1: commented today on the increase of migrants at the US 534 00:32:02,360 --> 00:32:04,880 Speaker 1: Mexico border, with many of them children, and they are 535 00:32:04,880 --> 00:32:08,320 Speaker 1: not accompanied by a parent or guardian. The administration is 536 00:32:08,360 --> 00:32:13,800 Speaker 1: shying away from calling it a crisis, however, UM Secretary 537 00:32:13,840 --> 00:32:18,080 Speaker 1: of Homeland Security Alejandro ma Orcist told ABC's Good Morning 538 00:32:18,080 --> 00:32:21,320 Speaker 1: America that they are trying to rebuild the immigration process 539 00:32:21,720 --> 00:32:23,280 Speaker 1: and that it's just not a good time to try 540 00:32:23,320 --> 00:32:25,880 Speaker 1: to come to the border now, But he did say 541 00:32:25,880 --> 00:32:28,120 Speaker 1: that the border is secure. Take a listen to the 542 00:32:28,200 --> 00:32:31,920 Speaker 1: sound on the Border from Secretary may Orcis series. The 543 00:32:31,920 --> 00:32:36,360 Speaker 1: border is secure. The United States Border Patrol secures the 544 00:32:36,400 --> 00:32:39,400 Speaker 1: border on behalf of the American people. That's what we 545 00:32:39,520 --> 00:32:42,280 Speaker 1: do and we are doing it. Give us the time 546 00:32:42,360 --> 00:32:46,720 Speaker 1: to rebuild a system that was entirely dismantled in the 547 00:32:46,800 --> 00:32:50,960 Speaker 1: prior administration, and we have, in fact begun to rebuild 548 00:32:51,000 --> 00:32:55,400 Speaker 1: that system. Well. Senator John Kennedy, a Republican from Louisiana, 549 00:32:55,520 --> 00:32:59,560 Speaker 1: had a very different interpretation of the situation down there. 550 00:32:59,680 --> 00:33:01,720 Speaker 1: Uh on the border. Take a listen to the sound 551 00:33:01,720 --> 00:33:07,120 Speaker 1: on immigration from Senator Kennedy. The border was secure, and 552 00:33:07,280 --> 00:33:11,960 Speaker 1: what's happened in the last six weeks. People are flooding 553 00:33:11,960 --> 00:33:16,200 Speaker 1: across the border and the administration is responsible for that, 554 00:33:16,840 --> 00:33:19,800 Speaker 1: but they also had the tools to stop it. I 555 00:33:19,840 --> 00:33:24,640 Speaker 1: want to really cut through the partisan rhetoric on immigration. 556 00:33:25,120 --> 00:33:27,720 Speaker 1: I know that it is a very polarizing topic, but 557 00:33:27,800 --> 00:33:31,480 Speaker 1: the bottom line is that lawmakers on both sides of 558 00:33:31,480 --> 00:33:34,760 Speaker 1: the Aisle Brandon have not been able to address the 559 00:33:34,760 --> 00:33:38,960 Speaker 1: immigration crisis and at least over a decade. I think 560 00:33:39,000 --> 00:33:43,480 Speaker 1: that's a kind estimate. Is there an opportunity and if so, 561 00:33:43,600 --> 00:33:48,880 Speaker 1: how for there to be uh immigration reform, even if 562 00:33:48,880 --> 00:33:53,280 Speaker 1: it's only targeted immigration reform? Sure? Well, first of all, 563 00:33:53,320 --> 00:33:55,360 Speaker 1: it's always a pleasure to be on with you and 564 00:33:55,520 --> 00:33:57,440 Speaker 1: Rick and Sogett. Thank you guys for having me on. 565 00:33:57,800 --> 00:34:01,320 Speaker 1: You know, the President ran on storing order and humanity 566 00:34:01,400 --> 00:34:04,000 Speaker 1: to the immigration system, and I think it's very important 567 00:34:04,040 --> 00:34:06,440 Speaker 1: that we remember that. On day one, he ended his 568 00:34:06,600 --> 00:34:09,280 Speaker 1: policy for forcing a silent seekers to wait in Mexico, 569 00:34:09,680 --> 00:34:13,080 Speaker 1: he ended entry bands for family seperations, and he's been 570 00:34:13,160 --> 00:34:17,160 Speaker 1: very committed to making sure we keep families together. You know, 571 00:34:17,280 --> 00:34:21,080 Speaker 1: I think this is unfortunately an opportunity for those on 572 00:34:21,160 --> 00:34:23,080 Speaker 1: the other side of the aisle to use this as 573 00:34:23,080 --> 00:34:26,360 Speaker 1: a point to deflect from the passage of the American 574 00:34:26,440 --> 00:34:30,840 Speaker 1: Rescue playing and calling the crisis that Biden calls. Uh, 575 00:34:30,920 --> 00:34:33,080 Speaker 1: it is not a crisis of Biden calls. Obviously there's 576 00:34:33,080 --> 00:34:37,360 Speaker 1: something that we inherited under the last president. But this president, 577 00:34:37,440 --> 00:34:40,480 Speaker 1: President Biden, has been committed since day one. He ran 578 00:34:41,400 --> 00:34:45,800 Speaker 1: on on on the platform of making prioritizes, prioritizing smart, 579 00:34:46,000 --> 00:34:49,480 Speaker 1: smarter border controls, making families together. So I think we 580 00:34:49,520 --> 00:34:53,560 Speaker 1: will continue to see improvement on reforms. I think he 581 00:34:53,640 --> 00:34:57,080 Speaker 1: sent the Congress a part of the U. S. Citizen 582 00:34:57,160 --> 00:35:00,319 Speaker 1: Act of planned to reform along broken and out of 583 00:35:00,320 --> 00:35:03,520 Speaker 1: immigration system. So I think he showed his his commitment 584 00:35:03,840 --> 00:35:05,759 Speaker 1: when running and I think he will continue to show 585 00:35:05,760 --> 00:35:11,560 Speaker 1: his commitment with improving the system as well. You know, 586 00:35:11,680 --> 00:35:15,960 Speaker 1: it's interesting, Kevin, that that that we're still talking about immigration. 587 00:35:16,040 --> 00:35:20,880 Speaker 1: You know, every presidency in the last almost fifteen years 588 00:35:20,960 --> 00:35:24,720 Speaker 1: has had some kind of impact or lack of impact 589 00:35:24,840 --> 00:35:28,279 Speaker 1: on the border crisis. And here we are, after all 590 00:35:28,320 --> 00:35:32,799 Speaker 1: that time, with many, many different comprehensive immigration reform proposals, 591 00:35:33,160 --> 00:35:36,080 Speaker 1: we're still finding an administration who you know, the Press 592 00:35:36,080 --> 00:35:38,920 Speaker 1: secretary said today on Air Force one that we're working 593 00:35:38,920 --> 00:35:43,000 Speaker 1: on proposals and uh, and yet you have, according to 594 00:35:43,200 --> 00:35:47,680 Speaker 1: what Secretary Marcus said today, Uh, the largest number of 595 00:35:47,960 --> 00:35:52,279 Speaker 1: individuals on the Southwest border in twenty years. So, you know, 596 00:35:52,320 --> 00:35:54,120 Speaker 1: I don't know how you define a crisis, but it's 597 00:35:54,120 --> 00:35:56,480 Speaker 1: a big problem, right. How do you know it's you know, 598 00:35:56,560 --> 00:35:59,279 Speaker 1: it's a crisis for those three thousand teenagers who are 599 00:35:59,280 --> 00:36:01,360 Speaker 1: going to have to be in the Dallas Convention Center 600 00:36:01,600 --> 00:36:04,840 Speaker 1: and their families that whether wherever their families are are located. 601 00:36:04,880 --> 00:36:06,759 Speaker 1: I mean, I think we in the media have just 602 00:36:06,880 --> 00:36:09,640 Speaker 1: you know, made the word crisis such a trigger for 603 00:36:09,760 --> 00:36:12,440 Speaker 1: both sides of the aisle in terms of whether or 604 00:36:12,440 --> 00:36:15,880 Speaker 1: not it leads you know, those cable shows or or 605 00:36:16,120 --> 00:36:18,719 Speaker 1: or the blogs and whatnot. I mean, it's a crisis. 606 00:36:18,880 --> 00:36:23,399 Speaker 1: I mean you can have multil crisis as they only 607 00:36:23,440 --> 00:36:25,719 Speaker 1: go to crisises. And you know what, even if it's 608 00:36:25,719 --> 00:36:29,320 Speaker 1: a crisis for just one family, it's still a crisis. 609 00:36:29,400 --> 00:36:31,960 Speaker 1: I want to move on to something that is very 610 00:36:32,000 --> 00:36:33,680 Speaker 1: much on my radar. I feel like we're taking it 611 00:36:33,719 --> 00:36:36,719 Speaker 1: back old school to o G sound on days where 612 00:36:36,719 --> 00:36:39,160 Speaker 1: we used to do what's on what's on the radar. 613 00:36:39,239 --> 00:36:41,960 Speaker 1: But this is I think a brewing issue on the 614 00:36:42,000 --> 00:36:44,680 Speaker 1: geo political space, and that is what is the United 615 00:36:44,680 --> 00:36:47,719 Speaker 1: States going to do? With the leftover vaccines. I know, 616 00:36:48,040 --> 00:36:50,399 Speaker 1: I know, we don't all have our vaccines yet, and 617 00:36:50,400 --> 00:36:53,680 Speaker 1: and but the reality is that the United States is 618 00:36:54,200 --> 00:36:57,080 Speaker 1: leading per capita in terms of more Americans who have 619 00:36:57,239 --> 00:37:00,600 Speaker 1: been able to get the vaccines, and where is the 620 00:37:00,680 --> 00:37:03,880 Speaker 1: increase going to go to? The United States as well 621 00:37:03,920 --> 00:37:06,960 Speaker 1: as other Western allies, has criticized the Communist Party of 622 00:37:07,040 --> 00:37:11,200 Speaker 1: China for vaccine or diplomacy or mask diplomacy as they 623 00:37:11,239 --> 00:37:15,080 Speaker 1: call it, in terms of providing ppe to UH countries 624 00:37:15,160 --> 00:37:18,400 Speaker 1: that can't afford it and using those types of supplies 625 00:37:18,880 --> 00:37:23,480 Speaker 1: UH to to somehow gain favor for themselves. Well, now, 626 00:37:23,520 --> 00:37:26,280 Speaker 1: what's the United States gonna do in terms of helping 627 00:37:26,360 --> 00:37:29,080 Speaker 1: other countries? And how will the United States play a 628 00:37:29,200 --> 00:37:31,720 Speaker 1: role and helping other less fortunate countries from an economic 629 00:37:31,800 --> 00:37:34,759 Speaker 1: standpoint with these leftover supplies. Well, we have sound on 630 00:37:34,760 --> 00:37:37,720 Speaker 1: this from President Biden. He was asked about this earlier 631 00:37:37,760 --> 00:37:40,799 Speaker 1: today on the South lawn of the White House, um 632 00:37:40,880 --> 00:37:44,760 Speaker 1: about sharing excess vaccines with other nations, and he says 633 00:37:44,840 --> 00:37:47,120 Speaker 1: no decision has been made yet. Take a listen to 634 00:37:47,160 --> 00:37:51,000 Speaker 1: the sound on excess COVID vaccine interiors. I've we're talking 635 00:37:51,080 --> 00:37:53,279 Speaker 1: where several fuckers are already. Well, we'll let you know 636 00:37:53,360 --> 00:37:57,080 Speaker 1: about very shortly, Reckon. I mean, this is an opportunity 637 00:37:57,080 --> 00:37:59,719 Speaker 1: for the United States, similarly to former President Push and 638 00:37:59,719 --> 00:38:03,359 Speaker 1: what he did with pep FAR and helping Africa with 639 00:38:03,440 --> 00:38:06,759 Speaker 1: aids in HIV. Kevin, that's such a good point. I mean, 640 00:38:06,800 --> 00:38:09,640 Speaker 1: look at that diplomacy that President Push did where he 641 00:38:09,920 --> 00:38:13,319 Speaker 1: poured billions in aid and technical support and drugs to 642 00:38:13,520 --> 00:38:17,040 Speaker 1: Africa under the pep FAR program, and he is a 643 00:38:17,160 --> 00:38:20,640 Speaker 1: legend in Africa. Now, this is how you build bridges 644 00:38:21,160 --> 00:38:24,560 Speaker 1: and and and hopefully the Biden administration will learn from 645 00:38:24,560 --> 00:38:28,520 Speaker 1: that experience. And and we're clearly going to have excess 646 00:38:28,640 --> 00:38:31,319 Speaker 1: vaccines when you do the simple math, we're buying them 647 00:38:31,320 --> 00:38:33,680 Speaker 1: in an hundred million clips and we just don't simply 648 00:38:33,719 --> 00:38:36,760 Speaker 1: have that many people. And so I hope the administration 649 00:38:36,920 --> 00:38:41,799 Speaker 1: is able to show some uh leadership in especially places that, 650 00:38:41,920 --> 00:38:45,759 Speaker 1: as you point out, can't afford it themselves. I mean, yeah, 651 00:38:45,760 --> 00:38:49,000 Speaker 1: well Brazil is getting a lot of vaccines from China, 652 00:38:49,160 --> 00:38:51,319 Speaker 1: and so like, where are we going, right, And so 653 00:38:51,680 --> 00:38:56,040 Speaker 1: hopefully there is a little bit of a street competition, 654 00:38:56,239 --> 00:38:58,360 Speaker 1: you know, where we actually go out and say, you 655 00:38:58,400 --> 00:39:00,440 Speaker 1: know what, you don't have to be an alley. You 656 00:39:00,480 --> 00:39:03,680 Speaker 1: don't have to be you know, a nation that can 657 00:39:03,719 --> 00:39:05,480 Speaker 1: pay for these things. We're going to do it because 658 00:39:05,520 --> 00:39:07,120 Speaker 1: we think it's the best thing for the people of 659 00:39:07,120 --> 00:39:11,160 Speaker 1: the world. Brandon Neil coming here and offer your geopolitical expertise. 660 00:39:12,200 --> 00:39:15,480 Speaker 1: So I think we've got to Americans lead by example. 661 00:39:15,680 --> 00:39:18,919 Speaker 1: With over five hundred thirty five thousand Americans who have died, 662 00:39:19,400 --> 00:39:22,319 Speaker 1: but we have a closer thirty million cases, We've got to, 663 00:39:23,320 --> 00:39:26,320 Speaker 1: uh make sure we have everyone here in this country 664 00:39:26,320 --> 00:39:29,040 Speaker 1: as well vascinated and encourage people to get the shots 665 00:39:29,040 --> 00:39:32,279 Speaker 1: and know these administrations encourage you could one hundred million 666 00:39:32,320 --> 00:39:34,560 Speaker 1: shots in the first one hundred days. I think we 667 00:39:34,600 --> 00:39:37,480 Speaker 1: should disencourage, we should lead by example, and then we 668 00:39:37,480 --> 00:39:39,920 Speaker 1: can also continue to talk about what's next outside of 669 00:39:39,960 --> 00:39:42,160 Speaker 1: the US. But we've got to make sure we're unified 670 00:39:42,160 --> 00:39:45,200 Speaker 1: as a whole up front. Yeah, And I mean I 671 00:39:45,400 --> 00:39:47,880 Speaker 1: would be remiss if I didn't mention that. In addition 672 00:39:47,920 --> 00:39:50,399 Speaker 1: to former President George W. Bush and his work on PEP, 673 00:39:50,520 --> 00:39:54,480 Speaker 1: far Bano was also one of the driving forces that 674 00:39:56,200 --> 00:39:58,080 Speaker 1: you know, he's my all time favorite musician. Did you 675 00:39:58,120 --> 00:39:59,719 Speaker 1: Here's the fun fact I met him once at a 676 00:40:00,080 --> 00:40:02,800 Speaker 1: I was a Politico event. Well, no, I was working 677 00:40:02,840 --> 00:40:06,400 Speaker 1: for Politico at the time, and there was some event 678 00:40:06,680 --> 00:40:08,839 Speaker 1: that Jensaki actually was at. That was the first time 679 00:40:08,880 --> 00:40:11,279 Speaker 1: I ever met Jed and we were at the same table, 680 00:40:11,320 --> 00:40:13,600 Speaker 1: and I was going off on some tangent embarrassing myself 681 00:40:13,640 --> 00:40:16,000 Speaker 1: about like turkey legs and chicken wings and how I 682 00:40:16,040 --> 00:40:18,839 Speaker 1: like that, And then Bato walks in and next thing 683 00:40:18,880 --> 00:40:20,799 Speaker 1: I know, I like got to shake hands with Bonno. 684 00:40:20,920 --> 00:40:23,000 Speaker 1: Never enough time you get to spend with Bonno. Fun 685 00:40:23,080 --> 00:40:25,839 Speaker 1: fact he wanted to be a reporter before he wanted 686 00:40:25,880 --> 00:40:30,200 Speaker 1: to be a rock star. Well, I wanted to be 687 00:40:30,239 --> 00:40:32,399 Speaker 1: a rock star and I ended up a journalist. That's 688 00:40:32,400 --> 00:40:34,920 Speaker 1: all I'm gonna say. It's Women's History Month, and here 689 00:40:34,960 --> 00:40:38,480 Speaker 1: with today's installment is Bloomberg's renied a Young on This 690 00:40:38,560 --> 00:40:41,920 Speaker 1: day in Women's History. In two thousand four, Shirley Muldowney 691 00:40:41,960 --> 00:40:45,120 Speaker 1: is inducted into the International Drag Racing Hall of Fame. 692 00:40:45,600 --> 00:40:48,360 Speaker 1: By her mid teens, she had developed a near obsession 693 00:40:48,440 --> 00:40:52,520 Speaker 1: for speed competition and winning. Muldowney started as a street 694 00:40:52,560 --> 00:40:56,799 Speaker 1: racer and became a pioneer drag racing legend. In nine five, 695 00:40:56,880 --> 00:40:59,319 Speaker 1: she was the first woman to receive a license to 696 00:40:59,440 --> 00:41:03,160 Speaker 1: drive a top fuel dragster from the National hot Rod Association. 697 00:41:03,719 --> 00:41:07,239 Speaker 1: More first during her forty year career included being the 698 00:41:07,280 --> 00:41:10,400 Speaker 1: first woman to win a national nhr A event and 699 00:41:10,480 --> 00:41:13,080 Speaker 1: the first of any gender to win three nhr A 700 00:41:13,200 --> 00:41:17,440 Speaker 1: World Championships. Known as the first Lady of drag Racing, 701 00:41:17,600 --> 00:41:21,760 Speaker 1: Muldowney won a total of eighteen nhr A titles, setting 702 00:41:21,840 --> 00:41:26,959 Speaker 1: various track and speed records, and dominating multiple events. That's 703 00:41:26,960 --> 00:41:31,600 Speaker 1: today in women's history. I'm Rini to young Bloomberg Radio, Rick, 704 00:41:31,680 --> 00:41:34,040 Speaker 1: if my if I if I just went with keV. 705 00:41:34,120 --> 00:41:38,080 Speaker 1: You know how Bano has or Kevo not not Kevin 706 00:41:38,160 --> 00:41:43,600 Speaker 1: CURRELI just keV. I'm Kevo. Chief Washington corresponded for Bloomberg 707 00:41:43,600 --> 00:41:46,920 Speaker 1: TV and Radio with Rick Davis. This is Bloomberg