1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg Sound on 2 00:00:07,240 --> 00:00:10,080 Speaker 1: the question that we have for Kevin McCarthy, who seemed 3 00:00:10,119 --> 00:00:12,440 Speaker 1: to be Speaker McCarthy, what is what is his plan? 4 00:00:12,560 --> 00:00:15,200 Speaker 1: I want to be clear, this is an investigation of 5 00:00:15,320 --> 00:00:18,279 Speaker 1: Joe Biden and that's where the committee will focus in 6 00:00:18,320 --> 00:00:20,959 Speaker 1: this next carbon. I don't always agree with the Biden administration. 7 00:00:21,000 --> 00:00:23,159 Speaker 1: I've been very vocal about that, but this is a 8 00:00:23,160 --> 00:00:26,960 Speaker 1: step in the right direction. Bloomberg Sound on Politics, Policy 9 00:00:26,960 --> 00:00:30,560 Speaker 1: and perspective from DC's top names. I would not say 10 00:00:30,560 --> 00:00:33,120 Speaker 1: we're out of the woods yet, but I am cautiously 11 00:00:33,120 --> 00:00:35,680 Speaker 1: optimistic about this week being off to a good start. 12 00:00:35,840 --> 00:00:38,680 Speaker 1: This has to be boring, boring, boring for these kids 13 00:00:38,680 --> 00:00:41,720 Speaker 1: to standing up here. You're allowed to do anyone, including 14 00:00:41,760 --> 00:00:45,479 Speaker 1: ghost till a pump Bloomberg Sound on with Joe Matthew 15 00:00:45,880 --> 00:00:50,520 Speaker 1: on Bloomberg Radio. Republicans will take control of the House, 16 00:00:50,600 --> 00:00:53,440 Speaker 1: we know that, but Kevin McCarthy has yet to seal 17 00:00:53,760 --> 00:00:57,400 Speaker 1: the speakership. Welcome to the fastest hour in politics, as 18 00:00:57,440 --> 00:01:00,560 Speaker 1: the new majority in the House selects leaders and crafts 19 00:01:00,560 --> 00:01:04,160 Speaker 1: and agenda, along with a lot of investigations, were joined 20 00:01:04,200 --> 00:01:07,039 Speaker 1: by a member of the Caucus tonight, Congresswoman Nancy Mace, 21 00:01:07,480 --> 00:01:11,560 Speaker 1: Republican from South Carolina, just reelected with a lot to 22 00:01:11,600 --> 00:01:14,320 Speaker 1: say later new calls on Congress to stop a possible 23 00:01:14,440 --> 00:01:17,880 Speaker 1: rail strike from happening just in time for Christmas. We'll 24 00:01:17,880 --> 00:01:21,360 Speaker 1: have the latest with Art Wheaton of Cornell University School 25 00:01:21,360 --> 00:01:24,880 Speaker 1: of Industrial and Labor Relations. Figure out the sticking points 26 00:01:24,880 --> 00:01:28,760 Speaker 1: here analysis from our panel Gene Chanzano, Bloomberg Politics contributor 27 00:01:29,280 --> 00:01:32,760 Speaker 1: and Democratic analysts, along with Republican strategist Lester Months and 28 00:01:32,800 --> 00:01:35,480 Speaker 1: from b GR Group. There was a breaker late today 29 00:01:35,520 --> 00:01:38,240 Speaker 1: news from the Supreme Court that we should hit right 30 00:01:38,319 --> 00:01:40,520 Speaker 1: off the top, clearing the way for a House committee. 31 00:01:40,520 --> 00:01:43,480 Speaker 1: This is the Ways and Means Committee to get six 32 00:01:43,600 --> 00:01:49,360 Speaker 1: years of Donald Trump's tax returns. Pretty interesting here, without 33 00:01:49,400 --> 00:01:53,880 Speaker 1: explanation or any public dissents, the Court rejecting the former 34 00:01:53,880 --> 00:01:56,480 Speaker 1: president's bid to block the I R S from turning 35 00:01:56,480 --> 00:01:58,640 Speaker 1: over the documents. This goes back a couple of years now. 36 00:01:59,360 --> 00:02:02,320 Speaker 1: House Ways Means, of course, pressed with why do you 37 00:02:02,440 --> 00:02:07,520 Speaker 1: need these tax returns? They say it's in the name 38 00:02:07,560 --> 00:02:09,680 Speaker 1: of legislation, which it needs to be in this case 39 00:02:09,720 --> 00:02:14,120 Speaker 1: for a Congressional committee. I have some craft legislation on 40 00:02:15,320 --> 00:02:19,760 Speaker 1: there's presidential documents and accountability or something along those lines 41 00:02:19,800 --> 00:02:24,119 Speaker 1: of lawyer representing the former president of Supreme Court did 42 00:02:24,120 --> 00:02:27,240 Speaker 1: not immediately respond to emails requesting comment. But the timing 43 00:02:27,240 --> 00:02:32,480 Speaker 1: here is important, of course, as the Republican majority prepares 44 00:02:32,840 --> 00:02:36,040 Speaker 1: to take hold, the Trump legal team was asking that 45 00:02:36,120 --> 00:02:39,720 Speaker 1: these remains sealed until the next Congress begins, and of 46 00:02:39,760 --> 00:02:42,079 Speaker 1: course they wouldn't go very far at that point with 47 00:02:42,160 --> 00:02:45,920 Speaker 1: a Republican led House Ways and Means Committee. We'll be 48 00:02:45,960 --> 00:02:48,800 Speaker 1: talking about this with our panel. Genie Schanzana was with 49 00:02:48,880 --> 00:02:51,600 Speaker 1: us today along with Lester Monthson of b g R Group, 50 00:02:52,520 --> 00:02:55,600 Speaker 1: formerly a staff director the Senate Foreign Relations Committee. As 51 00:02:55,639 --> 00:02:57,920 Speaker 1: we get into some geopolitics here as well, and we're 52 00:02:57,919 --> 00:03:01,640 Speaker 1: going to connect shortly with Congresswoman Nancy Mace, Republican from 53 00:03:01,680 --> 00:03:04,880 Speaker 1: South Carolina, who joins us here on the verge the 54 00:03:04,919 --> 00:03:09,640 Speaker 1: threshold of this new majority taking hold. That is a majority, 55 00:03:09,720 --> 00:03:13,519 Speaker 1: of course, uh, that is promising some pretty heavy duty 56 00:03:13,639 --> 00:03:18,440 Speaker 1: investigations into the Biden administration. And we heard about this 57 00:03:18,560 --> 00:03:23,040 Speaker 1: from Representative James Comer, the Republican from Kentucky, the incoming 58 00:03:23,040 --> 00:03:27,720 Speaker 1: House Oversight Committee chair. He shared a stage with Representative Mace, 59 00:03:27,919 --> 00:03:30,200 Speaker 1: who's going to be again joining us in just a moment. 60 00:03:30,240 --> 00:03:33,320 Speaker 1: Listened to the way he framed the plans for this 61 00:03:33,360 --> 00:03:37,240 Speaker 1: committee starting in January. The Biden families business dealings implicate 62 00:03:37,280 --> 00:03:41,560 Speaker 1: a wide range of criminality, from human trafficking to potential 63 00:03:41,640 --> 00:03:46,400 Speaker 1: violations of the Constitution. In Congress, this committee will evaluate 64 00:03:46,440 --> 00:03:48,880 Speaker 1: the status of Joe Biden's relationship with his family's foreign 65 00:03:48,880 --> 00:03:51,400 Speaker 1: partners and whether he is a president who has compromised 66 00:03:51,680 --> 00:03:54,960 Speaker 1: or swayed by foreign dollars and influence. I want to 67 00:03:55,000 --> 00:03:59,680 Speaker 1: be clear, this is an investigation of Joe Biden, and 68 00:03:59,720 --> 00:04:03,160 Speaker 1: that's where the committee will focus. In this next carvers 69 00:04:03,200 --> 00:04:07,720 Speaker 1: pretty tough stuff, and of course Kevin McCarthy has his 70 00:04:07,760 --> 00:04:10,000 Speaker 1: own plans as well, and he's gone down to the border, 71 00:04:10,720 --> 00:04:14,000 Speaker 1: which we're hearing about today from both sides of the aisle, 72 00:04:14,040 --> 00:04:16,960 Speaker 1: back to the southern border in the White House had 73 00:04:17,000 --> 00:04:21,839 Speaker 1: plenty to say about that during the briefing today. We 74 00:04:21,920 --> 00:04:24,960 Speaker 1: compare notes with Lester Months and again principle at government 75 00:04:24,960 --> 00:04:27,839 Speaker 1: relations from b GR group, who is with us on 76 00:04:27,920 --> 00:04:31,320 Speaker 1: Bloomberg sound on Lester, thanks for being here. Is as 77 00:04:31,400 --> 00:04:35,159 Speaker 1: this new majority in the House comes together, how much 78 00:04:35,360 --> 00:04:41,120 Speaker 1: of a third rail? Will these investigations be? You know, 79 00:04:41,320 --> 00:04:45,680 Speaker 1: I was I was how staffer when the Republicans took 80 00:04:45,720 --> 00:04:50,440 Speaker 1: over in nine five and launched about a dozen investigations 81 00:04:50,480 --> 00:04:54,080 Speaker 1: into the Clinton administration. Some of them certainly were merited, 82 00:04:54,160 --> 00:04:56,359 Speaker 1: some of them may be a little left. So the 83 00:04:56,440 --> 00:05:00,400 Speaker 1: net effect of them was pretty marginal in terms of 84 00:05:01,680 --> 00:05:04,400 Speaker 1: learning much about the clint administration and having any kind 85 00:05:04,400 --> 00:05:07,719 Speaker 1: of salutory impact on public policy. So I would I 86 00:05:07,760 --> 00:05:11,640 Speaker 1: think the Republicans here should should move with caution and 87 00:05:11,880 --> 00:05:14,280 Speaker 1: a little bit of humility. I'm not saying there isn't 88 00:05:14,320 --> 00:05:16,800 Speaker 1: something to look at. They should be looking at things 89 00:05:16,800 --> 00:05:19,480 Speaker 1: that concern them. But I wouldn't put a lot of 90 00:05:20,320 --> 00:05:22,560 Speaker 1: I wouldn't put a lot of my chips in this basket. 91 00:05:23,120 --> 00:05:26,800 Speaker 1: And you know, interestingly, the line you here as well, 92 00:05:26,880 --> 00:05:28,680 Speaker 1: we can walk and shoot gun at the same time. 93 00:05:28,760 --> 00:05:32,400 Speaker 1: Oversight is part of the the responsibility and duty here 94 00:05:32,720 --> 00:05:36,680 Speaker 1: of the congressional branch, especially the House. We we planned 95 00:05:36,720 --> 00:05:40,520 Speaker 1: to do our duty. Yeah, but you get into a 96 00:05:40,600 --> 00:05:44,080 Speaker 1: fever pretty quickly, as as folks may have noticed in 97 00:05:44,120 --> 00:05:46,159 Speaker 1: politics in our country in the last few years, and 98 00:05:46,200 --> 00:05:47,680 Speaker 1: you tend to only be able to focus on a 99 00:05:47,720 --> 00:05:51,280 Speaker 1: certain number of things. I think far better for Congressional 100 00:05:51,440 --> 00:05:56,680 Speaker 1: Republicans to offer an alternative vision on policy, an approach 101 00:05:56,880 --> 00:05:59,599 Speaker 1: than the Biden administration. The Bid administrations had trouble on 102 00:05:59,600 --> 00:06:04,760 Speaker 1: a number of key issues, crime, the border, the economy. Goodness, gracious, 103 00:06:05,760 --> 00:06:10,200 Speaker 1: I would I would be much more optimistic about about 104 00:06:10,200 --> 00:06:15,279 Speaker 1: an agenda that included positive suggestions on how to solve 105 00:06:15,640 --> 00:06:18,280 Speaker 1: these really deep problems we have in our society instead 106 00:06:18,320 --> 00:06:22,240 Speaker 1: of focusing on this kind of gotcha hearings and that 107 00:06:22,320 --> 00:06:25,080 Speaker 1: kind of thing. Right laster months and is half of 108 00:06:25,120 --> 00:06:28,039 Speaker 1: our panel today, along with Genie Schanzano of course, Bloomberg 109 00:06:28,040 --> 00:06:32,760 Speaker 1: Politics contributor and Democratic analyst. Uh, we can't. They don't. 110 00:06:32,760 --> 00:06:35,599 Speaker 1: They can't find Nancy May. So that's funny. They don't 111 00:06:35,600 --> 00:06:38,599 Speaker 1: know where they don't know where she is. I guess 112 00:06:38,640 --> 00:06:42,080 Speaker 1: the majority has not taken effect yet, Genie, your thought 113 00:06:42,080 --> 00:06:45,240 Speaker 1: on the investigations. You know, we start talking about hunter 114 00:06:45,320 --> 00:06:49,159 Speaker 1: Biden's laptop. Now, where does that leave a very slim 115 00:06:49,240 --> 00:06:52,760 Speaker 1: majority when it comes time for reelection because I'm assuming 116 00:06:52,760 --> 00:06:57,599 Speaker 1: these are going to be lengthy, you know, Benghazi style hearings, 117 00:07:00,000 --> 00:07:02,440 Speaker 1: and we may not have Genie either, you know, I 118 00:07:02,560 --> 00:07:04,520 Speaker 1: tell you Lester it's just you and me, Pal, we 119 00:07:04,520 --> 00:07:06,520 Speaker 1: should get a beer here and get this done, right, 120 00:07:07,400 --> 00:07:13,240 Speaker 1: I'm for it. Yeah, So you know, you consider, you 121 00:07:13,280 --> 00:07:16,000 Speaker 1: consider the status of things, and Democrats don't have a 122 00:07:16,000 --> 00:07:18,680 Speaker 1: lot of time to get anything done in the lame duck. 123 00:07:19,160 --> 00:07:21,680 Speaker 1: What's important at this point? Is it same sex marriage? 124 00:07:21,760 --> 00:07:26,480 Speaker 1: Or has that been punted into the new year? Uh? 125 00:07:26,640 --> 00:07:29,840 Speaker 1: Same sex marriage? You know it is a fraud issue. 126 00:07:30,360 --> 00:07:32,680 Speaker 1: Um that it's going to help their base. I'm not 127 00:07:32,720 --> 00:07:36,440 Speaker 1: sure it's gonna set them up for success down the 128 00:07:36,520 --> 00:07:39,480 Speaker 1: road and taken back the House and and defending the 129 00:07:39,480 --> 00:07:42,280 Speaker 1: White House in twenty four. I think better for the 130 00:07:42,320 --> 00:07:46,120 Speaker 1: Democrats to focus on the economy. This is this is 131 00:07:46,160 --> 00:07:50,560 Speaker 1: their big weak spot, on addressing and then on buttressing 132 00:07:50,840 --> 00:07:55,920 Speaker 1: the Biden administration's great success in Ukraine and making sure 133 00:07:55,960 --> 00:07:58,840 Speaker 1: the president has the resources he needs to continue that 134 00:07:58,960 --> 00:08:01,760 Speaker 1: policy and to and to be able to help the 135 00:08:01,840 --> 00:08:03,960 Speaker 1: Ukrainians prevail over the Russian So those are the two 136 00:08:04,000 --> 00:08:06,760 Speaker 1: things I'd be focusing on if I were the outgoing 137 00:08:06,800 --> 00:08:10,600 Speaker 1: Democratic majority. Interesting that, and how difficult does the debate 138 00:08:10,640 --> 00:08:14,200 Speaker 1: get to be around Ukrainian funding, Say, come January, when 139 00:08:14,240 --> 00:08:16,560 Speaker 1: you have members of the Republican Caucus and I realized 140 00:08:17,040 --> 00:08:19,720 Speaker 1: it's at this point a fairly small number. But the 141 00:08:19,760 --> 00:08:21,920 Speaker 1: Marjorie Keyler, Greens and mac Gates as they're saying not 142 00:08:22,040 --> 00:08:24,280 Speaker 1: one more dollar, this is a refrain, And of course, 143 00:08:24,520 --> 00:08:28,160 Speaker 1: you know Kevin McCarthy said no more blank checks. Is 144 00:08:28,200 --> 00:08:30,440 Speaker 1: that just tough talk right now to try to sound 145 00:08:30,480 --> 00:08:34,400 Speaker 1: like you're fiscally responsible or does that actually change policy? Well, 146 00:08:34,440 --> 00:08:36,480 Speaker 1: I suspect some members are going to vote that way. 147 00:08:36,520 --> 00:08:38,120 Speaker 1: They're not going to vote for any more money. I 148 00:08:38,120 --> 00:08:39,839 Speaker 1: think there are a small minority. I don't think they're 149 00:08:39,840 --> 00:08:42,520 Speaker 1: gonna win, but there is a there's kind of an 150 00:08:42,520 --> 00:08:47,200 Speaker 1: existential question here for the new House Republican leadership, which 151 00:08:47,280 --> 00:08:50,360 Speaker 1: is are you going to be willing to work with 152 00:08:50,520 --> 00:08:55,480 Speaker 1: Democrats get Democratic votes to approve something that you're in 153 00:08:55,520 --> 00:08:57,839 Speaker 1: favor of. I think Kevin McCarthy, at the end of 154 00:08:57,840 --> 00:09:00,439 Speaker 1: the day, wants to provide assistance to the Cranings in 155 00:09:00,480 --> 00:09:02,720 Speaker 1: a way that will help them win. Is he gonna 156 00:09:02,720 --> 00:09:04,679 Speaker 1: be is he gonna Is he gonna be able to 157 00:09:04,720 --> 00:09:06,720 Speaker 1: work with Democrats to get those votes to get that 158 00:09:06,760 --> 00:09:12,160 Speaker 1: achieved without undermining his leadership role in the Republican Conference. 159 00:09:12,240 --> 00:09:14,320 Speaker 1: That's a big question. I'm sure it is he has 160 00:09:14,360 --> 00:09:15,959 Speaker 1: to look like he got something to the right or 161 00:09:16,000 --> 00:09:18,120 Speaker 1: their strings attached to that money, something that maybe we 162 00:09:18,160 --> 00:09:21,240 Speaker 1: haven't heard about yet. Well, I think there'll be a 163 00:09:21,240 --> 00:09:24,640 Speaker 1: lot of talk about oversight and making sure the money 164 00:09:24,720 --> 00:09:27,480 Speaker 1: is well spent. And that's good, that's fine, that should 165 00:09:27,559 --> 00:09:29,960 Speaker 1: be done. We actually have a lot of mechanisms in 166 00:09:30,000 --> 00:09:33,120 Speaker 1: place that make sure those things happen. I think I 167 00:09:33,160 --> 00:09:36,520 Speaker 1: think taxpayers should be reassured that money that goes to 168 00:09:36,600 --> 00:09:39,880 Speaker 1: the State Department and our other aid agencies actually pretty 169 00:09:39,920 --> 00:09:42,520 Speaker 1: well spent and achieves the goals that we wanted to achieve. 170 00:09:43,400 --> 00:09:45,720 Speaker 1: But talking about that is a good thing. And reassuring 171 00:09:45,760 --> 00:09:47,840 Speaker 1: the American people that we're not going to we're not 172 00:09:47,920 --> 00:09:50,120 Speaker 1: just doing this on a lark, and we're making sure 173 00:09:50,120 --> 00:09:53,160 Speaker 1: the money is doing the right thing. That's that's important 174 00:09:53,200 --> 00:09:55,560 Speaker 1: for politicians to be engaged in. I think it's I 175 00:09:55,600 --> 00:09:57,440 Speaker 1: think it's a fair thing to talk about. Is it 176 00:09:57,559 --> 00:10:00,120 Speaker 1: silly to try to force a conversation about the that 177 00:10:00,200 --> 00:10:04,040 Speaker 1: ceiling or is that that's just Kevin McCarthy most likely 178 00:10:04,080 --> 00:10:08,600 Speaker 1: it's problem to own next year. Well, I think it's 179 00:10:08,640 --> 00:10:12,480 Speaker 1: also President Biden's problem to own. Uh, this is this 180 00:10:12,559 --> 00:10:15,520 Speaker 1: is going to force a negotiation between the two parties 181 00:10:15,559 --> 00:10:17,920 Speaker 1: to get to a compromise on some key issues. I 182 00:10:17,960 --> 00:10:20,000 Speaker 1: don't know. We don't think anyone knows what they are yet. 183 00:10:20,000 --> 00:10:23,000 Speaker 1: Maybe it's the budget, Maybe it's something else that's not 184 00:10:23,120 --> 00:10:26,480 Speaker 1: so bad. I know our friends on Wall Street and 185 00:10:26,640 --> 00:10:30,040 Speaker 1: at our Bird Faculty club tend to get upset about this. 186 00:10:30,280 --> 00:10:32,960 Speaker 1: But if it's if it's something that drives the two 187 00:10:32,960 --> 00:10:35,000 Speaker 1: parties together to kind of force them to come to 188 00:10:35,040 --> 00:10:38,079 Speaker 1: a compromise, maybe that's not so bad, Which begs the 189 00:10:38,120 --> 00:10:41,520 Speaker 1: big question here does does it does a divided Congress 190 00:10:41,679 --> 00:10:49,960 Speaker 1: force cooperation or encourage division? Well, we're gonna find out, 191 00:10:50,040 --> 00:10:51,840 Speaker 1: aren't we. I think I think what we're gonna We're 192 00:10:51,840 --> 00:10:56,400 Speaker 1: gonna see both. We're gonna see the parties fighting over uh, 193 00:10:56,440 --> 00:10:59,840 Speaker 1: you know, the Hunter Biden laptop and other topics that 194 00:11:00,160 --> 00:11:02,600 Speaker 1: aren't so important to normal Americans. But then they're also 195 00:11:02,600 --> 00:11:06,280 Speaker 1: going to be agreeing on on things that are kind 196 00:11:06,280 --> 00:11:09,360 Speaker 1: of below the radar and don't get attention from from 197 00:11:09,360 --> 00:11:13,800 Speaker 1: Bloomberg and other sources. Necessarily, it's not that controversial, whether 198 00:11:13,880 --> 00:11:19,680 Speaker 1: it's entitlement spending or basic basic programs that everyone kind 199 00:11:19,679 --> 00:11:22,320 Speaker 1: of believes in. There's you know, like the stuff we 200 00:11:22,320 --> 00:11:25,120 Speaker 1: all kind of agree on. Is that five we're fighting 201 00:11:25,120 --> 00:11:27,959 Speaker 1: on that that gets the news. Yeah, we hate to 202 00:11:28,000 --> 00:11:29,600 Speaker 1: be part. We try to be as wonky as we 203 00:11:29,640 --> 00:11:31,640 Speaker 1: can here. I think you know that Lester and would 204 00:11:31,640 --> 00:11:34,840 Speaker 1: be a part of the project. That's why you're here. 205 00:11:34,840 --> 00:11:37,439 Speaker 1: Of course. Hey, Lester and I got our own show. 206 00:11:37,520 --> 00:11:39,920 Speaker 1: This is great. Stay with us on sound On coming up, 207 00:11:39,920 --> 00:11:43,439 Speaker 1: will fold in Jeanie Schanzano I promised this time. Lester 208 00:11:43,559 --> 00:11:46,520 Speaker 1: months and stays around and we explore the breaker today 209 00:11:46,559 --> 00:11:50,400 Speaker 1: from the Supreme Court clearing the way for six years 210 00:11:50,400 --> 00:11:53,880 Speaker 1: of Donald Trump's tax returns to go to Richie Neil's 211 00:11:53,880 --> 00:11:57,280 Speaker 1: House Ways and Means Committee. I'm Joe Matthew. This is Bloomberg. 212 00:12:00,679 --> 00:12:06,120 Speaker 1: This is Bloomberg. So no with Joe Matthew on Bloomberg Radio. 213 00:12:08,000 --> 00:12:10,880 Speaker 1: It's hard not to just picture Congressman Richard Neil, the 214 00:12:10,960 --> 00:12:15,080 Speaker 1: chairman of the House Ways and Means Committee, holding six 215 00:12:15,160 --> 00:12:20,920 Speaker 1: years of Donald Trump's tax returns in his hands with 216 00:12:21,040 --> 00:12:23,760 Speaker 1: a laughter that could be heard on the other end 217 00:12:23,760 --> 00:12:27,280 Speaker 1: of Pennsylvania Avenue. But is that real? Is that actually possible? 218 00:12:27,920 --> 00:12:30,600 Speaker 1: After the Supreme Court today cleared the way for the 219 00:12:30,640 --> 00:12:33,680 Speaker 1: committee to get six years of Donald Trump's tax returns. 220 00:12:33,920 --> 00:12:38,720 Speaker 1: Kevin Brady gets the same stuff right without explanation, without 221 00:12:38,800 --> 00:12:42,120 Speaker 1: the scent. And this is something that of course comes 222 00:12:42,120 --> 00:12:44,280 Speaker 1: as we were just discussing with Lester, what a month 223 00:12:44,320 --> 00:12:47,560 Speaker 1: and change ahead of the new Republican majority taking hold 224 00:12:47,559 --> 00:12:52,080 Speaker 1: of Trump lawyer legal team was asking for January just 225 00:12:52,200 --> 00:12:55,320 Speaker 1: to keep this as quiet as possible. We have the 226 00:12:55,360 --> 00:12:57,760 Speaker 1: full panel here, I'm told Jeannie Schanzano is with US 227 00:12:57,760 --> 00:13:02,319 Speaker 1: Bloomberg Politics contributor Democratic Candleston Lester months and here as 228 00:13:02,320 --> 00:13:05,920 Speaker 1: well from b g R Group Republican strategist a genie. 229 00:13:06,320 --> 00:13:08,160 Speaker 1: Were you as surprised as anybody to hear this? And 230 00:13:08,200 --> 00:13:11,840 Speaker 1: how come you don't believe this goes anywhere? Well, you know, 231 00:13:11,960 --> 00:13:15,400 Speaker 1: I was struck by by the counting of the days 232 00:13:16,320 --> 00:13:19,240 Speaker 1: twenty nine days since the committee sought these tax returns 233 00:13:19,280 --> 00:13:22,000 Speaker 1: into finally get them. And somebody said it was almost 234 00:13:22,040 --> 00:13:24,760 Speaker 1: as long as the Civil War. Um. So if it 235 00:13:24,800 --> 00:13:27,839 Speaker 1: seems long time, it really is um. And of course 236 00:13:27,960 --> 00:13:31,120 Speaker 1: this could be overturned, but it's unlikely, and I think 237 00:13:31,160 --> 00:13:34,400 Speaker 1: it's it's you know, noteworthy that this decision was made 238 00:13:34,440 --> 00:13:37,600 Speaker 1: with no dissent that said, of course the we are 239 00:13:37,720 --> 00:13:40,480 Speaker 1: on a calendar. Um, we have a calendar issue. We're 240 00:13:40,520 --> 00:13:42,720 Speaker 1: in a lame duck and so they have a limited time. 241 00:13:43,000 --> 00:13:45,959 Speaker 1: And of course Republicans get these as well. So I'm 242 00:13:46,000 --> 00:13:49,240 Speaker 1: not sure how far this will go, except it is 243 00:13:49,320 --> 00:13:52,280 Speaker 1: a victory for of three years, for this committee that's 244 00:13:52,320 --> 00:13:54,600 Speaker 1: long been seeking things, and they'll at least get a glimpse. 245 00:13:54,880 --> 00:13:57,320 Speaker 1: And there as many people, myself included, who believe the 246 00:13:57,360 --> 00:13:59,800 Speaker 1: public has a right to have to have this and 247 00:13:59,800 --> 00:14:01,640 Speaker 1: for nation, and it is finally in the hands of 248 00:14:01,640 --> 00:14:04,280 Speaker 1: the people's representatives in Congress. So that's a good thing. 249 00:14:04,679 --> 00:14:06,480 Speaker 1: By the way, I didn't talk to Genie before this, 250 00:14:06,520 --> 00:14:08,440 Speaker 1: and I don't know. I did not know that Genie 251 00:14:08,640 --> 00:14:12,880 Speaker 1: believed this was going nowhere. Is it going nowhere? No, 252 00:14:12,960 --> 00:14:15,160 Speaker 1: you know, I wouldn't say. I wouldn't say we know 253 00:14:15,280 --> 00:14:17,920 Speaker 1: yet if it's going nowhere, but I would say it 254 00:14:18,000 --> 00:14:20,760 Speaker 1: is a significant win. And and by the way, when 255 00:14:20,760 --> 00:14:23,240 Speaker 1: when you and Lester were chatting, I was shouting into 256 00:14:23,280 --> 00:14:26,840 Speaker 1: their radio, enjoying your conversation, saying brilliant things, but you 257 00:14:26,880 --> 00:14:30,000 Speaker 1: couldn't hear me. So yeah, that happens a lot. Yeah, 258 00:14:30,120 --> 00:14:33,160 Speaker 1: when I'm after, how come we've seen this headline or 259 00:14:33,320 --> 00:14:35,360 Speaker 1: not with the Supreme Court, of course. But you hear 260 00:14:35,400 --> 00:14:38,600 Speaker 1: about Donald Trump's tax returns and you say, Okay, wake 261 00:14:38,640 --> 00:14:43,560 Speaker 1: me up when something happens. It's the holy grail for Democrats. 262 00:14:43,680 --> 00:14:48,200 Speaker 1: My goodness, They're finally going to reach the promised Land. Uh. 263 00:14:48,240 --> 00:14:51,720 Speaker 1: I confess some cynicism here. I think this is a 264 00:14:51,840 --> 00:14:55,400 Speaker 1: purely political move to get the president's tax returns, not 265 00:14:55,440 --> 00:14:57,800 Speaker 1: that they won't be interesting, and that that they won't 266 00:14:57,800 --> 00:15:00,240 Speaker 1: say something about his ways of doing business. You don't 267 00:15:01,840 --> 00:15:08,200 Speaker 1: about presidential document accountability. I'm guessing yeah, I guessing we're 268 00:15:08,200 --> 00:15:09,720 Speaker 1: not going to see a big bill come out of 269 00:15:09,760 --> 00:15:13,680 Speaker 1: this that changes our laws. So I think it's and 270 00:15:14,040 --> 00:15:16,720 Speaker 1: with our upside down politics, this may actually work to 271 00:15:16,720 --> 00:15:20,640 Speaker 1: the democrats disadvantage. I don't know. Donald Trump likes attention. 272 00:15:20,880 --> 00:15:22,760 Speaker 1: This is going to be more attentions, gonna be another 273 00:15:22,760 --> 00:15:26,520 Speaker 1: way for him to talk. Republicans are learning that him 274 00:15:26,560 --> 00:15:29,640 Speaker 1: being out front is not great for the party. Democrats 275 00:15:29,680 --> 00:15:32,480 Speaker 1: want to keep pushing them out there because he's good 276 00:15:32,520 --> 00:15:36,800 Speaker 1: for them. So this whole thing is upside stuff in 277 00:15:36,840 --> 00:15:38,680 Speaker 1: his tax returns though, right, I mean, if they got 278 00:15:38,720 --> 00:15:42,400 Speaker 1: these documents and leaked them, Uh, my goodness, that would 279 00:15:42,440 --> 00:15:46,000 Speaker 1: be the best read in town. But but what's the 280 00:15:46,080 --> 00:15:51,800 Speaker 1: expectation game. Everyone knows he's basically a con artist, and 281 00:15:51,920 --> 00:15:54,040 Speaker 1: so when we when we see the tax terms and 282 00:15:54,080 --> 00:15:56,440 Speaker 1: he's revealed to be a connie, that's kind of what 283 00:15:56,480 --> 00:16:00,480 Speaker 1: I thought anyway. So, although it would be something to 284 00:16:00,480 --> 00:16:04,000 Speaker 1: be running for president, Genie and to be to be 285 00:16:04,080 --> 00:16:07,240 Speaker 1: proven to have never paid or to no longer pay taxes, 286 00:16:07,240 --> 00:16:10,640 Speaker 1: which is what the allegation was, that's right, And you know, 287 00:16:10,720 --> 00:16:12,720 Speaker 1: and and he not only is a former president, but 288 00:16:12,800 --> 00:16:16,000 Speaker 1: he's a current contender for the Republican nomination for president, 289 00:16:16,080 --> 00:16:19,120 Speaker 1: and so that does matter. And you know, I do 290 00:16:19,200 --> 00:16:21,920 Speaker 1: agree with what you know you are saying and where 291 00:16:22,000 --> 00:16:24,320 Speaker 1: Lester was saying that, you know, it's unlikely we see 292 00:16:24,360 --> 00:16:26,920 Speaker 1: big legislation out of this. But one thing I think, 293 00:16:27,480 --> 00:16:30,480 Speaker 1: at least I wish we would have a conversation about 294 00:16:30,520 --> 00:16:33,520 Speaker 1: in this country would be is it time to require 295 00:16:33,680 --> 00:16:37,840 Speaker 1: major party presidential candidates to release tax documents and also, 296 00:16:37,920 --> 00:16:41,480 Speaker 1: by the way, health records. There are privacy issues, for sure, 297 00:16:41,840 --> 00:16:45,000 Speaker 1: but these people represent us and we may have a 298 00:16:45,080 --> 00:16:47,160 Speaker 1: right to this information. I would at least like to 299 00:16:47,160 --> 00:16:51,000 Speaker 1: hear a robust conversation about that. In Congress, but I 300 00:16:51,000 --> 00:16:53,200 Speaker 1: don't expect we're going to get that either. Well, how 301 00:16:53,240 --> 00:16:55,880 Speaker 1: come wouldn't that be good politics, whether it's in the 302 00:16:55,960 --> 00:17:00,640 Speaker 1: lame duck or in the new Congress? Lester, Uh, you know, 303 00:17:00,720 --> 00:17:03,160 Speaker 1: in a way, I think that I agree with Genie. 304 00:17:03,200 --> 00:17:05,399 Speaker 1: I think that'd be a great idea. Congress ought to 305 00:17:05,440 --> 00:17:09,560 Speaker 1: be put in pressure on the president. Generally speaking, let's 306 00:17:09,560 --> 00:17:12,560 Speaker 1: try to hamm them in. Let's give the you know, 307 00:17:12,640 --> 00:17:16,160 Speaker 1: the people's you know, the people's part of our government, 308 00:17:16,320 --> 00:17:18,919 Speaker 1: the people's branch, a little more authority, a little more 309 00:17:18,960 --> 00:17:22,000 Speaker 1: ability to out maneuver the president. I'm kind of in 310 00:17:22,080 --> 00:17:24,840 Speaker 1: favor of that as an old apt from Capitol Hill. 311 00:17:25,560 --> 00:17:28,560 Speaker 1: So yeah, let's let's lay on some requirements for the 312 00:17:28,640 --> 00:17:32,720 Speaker 1: chief executive line up. Donald Trump lawyers argue the House 313 00:17:32,760 --> 00:17:36,879 Speaker 1: panel lacked a legitimate legislative purpose. Genie, that's actually what 314 00:17:37,040 --> 00:17:39,800 Speaker 1: needs to be shown here. Right, If you're the Ways 315 00:17:39,800 --> 00:17:41,720 Speaker 1: and Means Committee and you go to court, that's the 316 00:17:41,760 --> 00:17:44,760 Speaker 1: only grounds you have, the only ground you have to 317 00:17:44,800 --> 00:17:48,679 Speaker 1: stand on. Uh. I can't imagine this news conference if this, 318 00:17:48,840 --> 00:17:52,840 Speaker 1: if these documents are delivered, what is Chairman Richard Neil 319 00:17:53,440 --> 00:17:57,200 Speaker 1: tell America. You know, I think he's going to tell 320 00:17:57,240 --> 00:17:59,840 Speaker 1: America the reason why it was so important and why 321 00:17:59,880 --> 00:18:03,520 Speaker 1: they fought for, you know, three long years plus days 322 00:18:03,560 --> 00:18:06,200 Speaker 1: as long as the Civil War to get these and 323 00:18:06,200 --> 00:18:09,239 Speaker 1: and I hope he says it has less to do 324 00:18:09,320 --> 00:18:12,479 Speaker 1: with Donald Trump specifically than it does to do with 325 00:18:12,520 --> 00:18:15,720 Speaker 1: the work of this body, which is oversight and legislation 326 00:18:15,840 --> 00:18:18,359 Speaker 1: in the interest of the American public. And of course 327 00:18:18,480 --> 00:18:20,640 Speaker 1: the Lame Duck won't be able to do that. We'll 328 00:18:20,640 --> 00:18:22,720 Speaker 1: see if it's picked up in the Republican Congress. But 329 00:18:22,760 --> 00:18:24,720 Speaker 1: I hope that's what he says and makes it not 330 00:18:24,800 --> 00:18:27,639 Speaker 1: personal to Trump but in our interest as the people's body. 331 00:18:27,800 --> 00:18:29,840 Speaker 1: Of course, if there's nothing in there and he opens 332 00:18:29,880 --> 00:18:33,280 Speaker 1: it up, it looks like Carldo Rivera at al Capone's grave. 333 00:18:34,760 --> 00:18:37,240 Speaker 1: Our panel stays with us for the hour, Jeannie Chanzano 334 00:18:37,600 --> 00:18:40,679 Speaker 1: and Lester Months and with us. I'm Joe Matthew from Washington. 335 00:18:41,640 --> 00:18:48,240 Speaker 1: This is sound on, this is Bloomberg. I'll tell you what. 336 00:18:48,320 --> 00:18:52,359 Speaker 1: If there is a rail strike, the blame game in 337 00:18:52,480 --> 00:18:58,000 Speaker 1: Washington will be fierce. I say that as several powerful 338 00:18:58,040 --> 00:19:00,879 Speaker 1: industry groups and you can read about this on the 339 00:19:01,000 --> 00:19:03,280 Speaker 1: terminal of course, or urging Congress to step in and 340 00:19:03,320 --> 00:19:05,040 Speaker 1: prevent this strike. This is the same one we were 341 00:19:05,040 --> 00:19:08,560 Speaker 1: talking about August September now just in time. It's like, 342 00:19:08,760 --> 00:19:10,640 Speaker 1: you know, the sequel to the Grinch kind of a thing. 343 00:19:10,680 --> 00:19:14,080 Speaker 1: Although these workers have very legitimate concerns, we are still 344 00:19:14,080 --> 00:19:17,600 Speaker 1: talking about it, and not only are they asking Congress 345 00:19:17,600 --> 00:19:19,359 Speaker 1: to get involved, there's a lot of pressure on the 346 00:19:19,359 --> 00:19:23,000 Speaker 1: White House to do more here and in today's briefing, 347 00:19:23,000 --> 00:19:25,439 Speaker 1: a lot of questions about, well, how involved are you, 348 00:19:25,520 --> 00:19:29,200 Speaker 1: Where's Marty Walsh? How about the president? Here's Press Secretary 349 00:19:29,280 --> 00:19:31,760 Speaker 1: Karine John Pierre. This is the third time I'm saying 350 00:19:31,760 --> 00:19:34,439 Speaker 1: he's been directly involved. You're talking about one union president. 351 00:19:34,440 --> 00:19:38,360 Speaker 1: They're twelve, so you're talking you're talking about one. I said, 352 00:19:38,359 --> 00:19:40,480 Speaker 1: I'm not going to provide any details at this time. 353 00:19:40,520 --> 00:19:43,879 Speaker 1: The administration role broadly has been also in touch with 354 00:19:44,280 --> 00:19:47,400 Speaker 1: with with parties. Just the President has been clearly Uh 355 00:19:47,440 --> 00:19:51,199 Speaker 1: he's been held Uh has he's been brief but he 356 00:19:51,240 --> 00:19:53,760 Speaker 1: has actually been directly involved. Not going to get into 357 00:19:54,080 --> 00:19:57,320 Speaker 1: more details on that. But you're talking about one president 358 00:19:57,359 --> 00:20:00,919 Speaker 1: out of twelve, one president of one union, is what 359 00:20:01,040 --> 00:20:05,160 Speaker 1: she's saying. Their twelve unions. Just so this isn't complicated 360 00:20:05,160 --> 00:20:09,000 Speaker 1: at all. Now, if Congress does get involved, they can't 361 00:20:09,000 --> 00:20:11,240 Speaker 1: do anything about this, of course, until they get back 362 00:20:11,240 --> 00:20:13,520 Speaker 1: from their Thanksgiving break. So let's not hold our breath 363 00:20:13,600 --> 00:20:16,479 Speaker 1: right now, but understand a little more about it as 364 00:20:16,520 --> 00:20:19,439 Speaker 1: we're joined by Art Wheaton, director of Labor Studies at 365 00:20:19,480 --> 00:20:23,560 Speaker 1: Cornell University School of Industrial and Labor Relations. Aren't here 366 00:20:23,600 --> 00:20:25,680 Speaker 1: we go again? But I guess it never really stopped 367 00:20:25,680 --> 00:20:29,280 Speaker 1: this way? Can you explain exactly how we got here again? 368 00:20:29,320 --> 00:20:31,200 Speaker 1: A lot of people thought this was resolved with the 369 00:20:31,280 --> 00:20:33,600 Speaker 1: so called tentative deal that had been announced a few 370 00:20:33,640 --> 00:20:37,960 Speaker 1: months ago. Well, they've been negotiating for more than two 371 00:20:38,040 --> 00:20:41,560 Speaker 1: years to try to get an agreement, and the tentative 372 00:20:41,600 --> 00:20:45,080 Speaker 1: agreement which was reached with the help of President Biden, 373 00:20:45,200 --> 00:20:51,640 Speaker 1: Marty Wallash, Secretary of Labor, Secretary of Transportation, Secretary of Agriculture, 374 00:20:51,840 --> 00:20:55,680 Speaker 1: all involved in trying to resolve this dispute, and they 375 00:20:55,720 --> 00:20:58,800 Speaker 1: came up with an agreement, a tentative agreement that needs 376 00:20:58,800 --> 00:21:02,240 Speaker 1: to be ratified by the members. The agreement they came 377 00:21:02,359 --> 00:21:07,159 Speaker 1: up with solved almost all of the financial problems or 378 00:21:07,160 --> 00:21:12,240 Speaker 1: financial issues. This imminent strike or potential strike is all 379 00:21:12,280 --> 00:21:16,720 Speaker 1: about a changing in the attendance policy that was unilaterally 380 00:21:16,760 --> 00:21:21,119 Speaker 1: implemented by the railway companies. So that's the big issue 381 00:21:21,200 --> 00:21:26,080 Speaker 1: that wasn't that wasn't settled in before. So they added 382 00:21:26,160 --> 00:21:29,880 Speaker 1: one more flexible day, and that wasn't seen as enough 383 00:21:30,400 --> 00:21:33,399 Speaker 1: got it. And this was because people were getting fired 384 00:21:33,400 --> 00:21:36,600 Speaker 1: for going to the doctor. Correct And they had people 385 00:21:36,720 --> 00:21:41,080 Speaker 1: literally dying while they were driving or you know, operating 386 00:21:41,119 --> 00:21:43,919 Speaker 1: the train because they couldn't get a day off to 387 00:21:43,960 --> 00:21:45,919 Speaker 1: go to the doctor and died of a heart attack. 388 00:21:46,000 --> 00:21:50,400 Speaker 1: You've had lots of people missed their families funerals because 389 00:21:50,440 --> 00:21:53,520 Speaker 1: they couldn't get the time off. What do you make 390 00:21:53,520 --> 00:21:56,160 Speaker 1: of the reaction from the White House here that they've 391 00:21:57,080 --> 00:22:00,920 Speaker 1: They've made clear the Press Secretary today that Marty Walsh 392 00:22:00,960 --> 00:22:02,960 Speaker 1: has been involved, that Joe Biden has, but would not 393 00:22:03,000 --> 00:22:07,480 Speaker 1: answer questions about at what time or how frequently this 394 00:22:07,560 --> 00:22:10,200 Speaker 1: one President again, you heard her reacting to his complaining 395 00:22:10,200 --> 00:22:14,880 Speaker 1: that the administration needs to get more engaged. Now. Well, 396 00:22:14,920 --> 00:22:16,879 Speaker 1: the way it works for labor law in the United 397 00:22:16,920 --> 00:22:20,000 Speaker 1: States is there's nothing that says the company ever has 398 00:22:20,040 --> 00:22:23,240 Speaker 1: to say yes. So that can be pretty frustrating. So 399 00:22:23,280 --> 00:22:25,439 Speaker 1: they exerted a lot of different pressure for all the 400 00:22:25,520 --> 00:22:27,800 Speaker 1: names and the people that we talked about, But there's 401 00:22:27,880 --> 00:22:32,040 Speaker 1: nothing here that the President and his secretaries can force 402 00:22:32,600 --> 00:22:37,000 Speaker 1: on the railway companies to change their attendance policy. There is, however, 403 00:22:37,200 --> 00:22:41,640 Speaker 1: something that Congress can do. So the President Biden gave 404 00:22:41,680 --> 00:22:44,600 Speaker 1: a thirty day pause, they had them go back and renegotiate. 405 00:22:45,119 --> 00:22:49,000 Speaker 1: They offered up a tentative agreement. But there's really not 406 00:22:49,119 --> 00:22:53,399 Speaker 1: a whole lot President Biden can do individually except lobby 407 00:22:53,560 --> 00:22:58,720 Speaker 1: or try to persuade the rail companies to change their 408 00:22:58,800 --> 00:23:02,240 Speaker 1: what is seen as a drug only in attendance policy. 409 00:23:02,600 --> 00:23:05,160 Speaker 1: Congress can and will step in if they go out 410 00:23:05,200 --> 00:23:08,520 Speaker 1: on strike. Yes, and we've seen this happen before, but 411 00:23:08,560 --> 00:23:12,240 Speaker 1: it would not be preemptive, as your point correct. So 412 00:23:12,359 --> 00:23:16,480 Speaker 1: under the Railway Labor Act. So probably of the people 413 00:23:16,600 --> 00:23:18,840 Speaker 1: that are in unions in the United States are either 414 00:23:18,960 --> 00:23:22,600 Speaker 1: under the National Labor Relations Act or under a private 415 00:23:22,640 --> 00:23:26,520 Speaker 1: sector or a public sector act. The plane strains and 416 00:23:26,560 --> 00:23:30,240 Speaker 1: automobiles that are under the Railway Labor Act, and that's 417 00:23:30,240 --> 00:23:33,119 Speaker 1: where this one falls onto, and that's why some of 418 00:23:33,119 --> 00:23:36,240 Speaker 1: the remedies are quite different and strange as compared to 419 00:23:36,280 --> 00:23:38,720 Speaker 1: other labor law. Well, it brings us back to September 420 00:23:38,720 --> 00:23:41,600 Speaker 1: and the questions we were asking democrats here, how do 421 00:23:41,680 --> 00:23:47,399 Speaker 1: you how do you blunt an effort like this to 422 00:23:47,560 --> 00:23:51,040 Speaker 1: avoid the economic impact of a strike but also be 423 00:23:51,640 --> 00:23:55,679 Speaker 1: the labor party. Well, they've done what they can. They 424 00:23:55,760 --> 00:23:57,439 Speaker 1: brought him to the table. So you would think the 425 00:23:57,520 --> 00:24:00,480 Speaker 1: railway companies would feel at least some amount of pressure 426 00:24:01,520 --> 00:24:03,880 Speaker 1: by having to speak in the White House with all 427 00:24:03,880 --> 00:24:06,679 Speaker 1: of the different secretaries. But there's still nothing in the 428 00:24:06,760 --> 00:24:11,240 Speaker 1: US labor law that can force management to say yes. 429 00:24:11,920 --> 00:24:14,680 Speaker 1: And I think they're trying to exert pressure, but there's 430 00:24:14,720 --> 00:24:17,879 Speaker 1: nothing like a tragedy and a catastrophe to help change 431 00:24:17,920 --> 00:24:20,919 Speaker 1: the thinking. If they do happen to go out on strike, 432 00:24:21,400 --> 00:24:24,280 Speaker 1: that will start to change some of the calculations. And 433 00:24:24,400 --> 00:24:26,680 Speaker 1: all of this will wait until the voting is done 434 00:24:26,800 --> 00:24:31,080 Speaker 1: in Georgia. Oh man, it sounds like you can see 435 00:24:31,119 --> 00:24:35,320 Speaker 1: this happening this time around. Yes, But also you gotta 436 00:24:35,359 --> 00:24:39,200 Speaker 1: remember that one of the few powers that a union 437 00:24:39,280 --> 00:24:42,800 Speaker 1: has is not just necessarily to strike. It's the threat 438 00:24:43,359 --> 00:24:47,280 Speaker 1: of a strike that can be very persuasive, and sometimes 439 00:24:47,920 --> 00:24:50,919 Speaker 1: negotiations go to the very last minute. It is not 440 00:24:51,000 --> 00:24:56,159 Speaker 1: unusual for the contract to get settled at PM for 441 00:24:56,200 --> 00:24:59,400 Speaker 1: a contract that expires at twelve midnight. So those types 442 00:24:59,440 --> 00:25:01,639 Speaker 1: of things have up in bargaining and you have to 443 00:25:01,680 --> 00:25:04,240 Speaker 1: be prepared for it. But you have to remember that 444 00:25:04,320 --> 00:25:07,359 Speaker 1: at the bargaining table it's the union members and have 445 00:25:07,480 --> 00:25:09,639 Speaker 1: to vote on it and agree to it. If they 446 00:25:09,680 --> 00:25:13,920 Speaker 1: settled this two months early, then the membership would say, 447 00:25:14,119 --> 00:25:16,160 Speaker 1: I'm not agreeing to this. You should have fought harder. 448 00:25:16,160 --> 00:25:18,639 Speaker 1: Why didn't you get what we wanted? So sometimes you 449 00:25:18,760 --> 00:25:21,040 Speaker 1: have to go and teeter on the brink a disaster 450 00:25:21,640 --> 00:25:24,639 Speaker 1: um to number one, get leverage on the company, and 451 00:25:24,760 --> 00:25:27,679 Speaker 1: number two, to get your membership to agree that you 452 00:25:28,480 --> 00:25:30,280 Speaker 1: gave it all you got to get what they needed. 453 00:25:30,600 --> 00:25:33,000 Speaker 1: He knows he was a labor negotiator. Art Wheat and 454 00:25:33,080 --> 00:25:35,040 Speaker 1: thank you for bringing us to school on this from 455 00:25:35,080 --> 00:25:38,240 Speaker 1: Cornell School of Industrial and Labor Relations. All this on 456 00:25:38,280 --> 00:25:42,359 Speaker 1: the brink of the holidays. Will reassemble our panel. Next 457 00:25:42,400 --> 00:25:48,160 Speaker 1: for the politics. I'm Joe Matthew. This is Bloomberg. This 458 00:25:48,600 --> 00:25:53,439 Speaker 1: is Bloomberg. So no with Joe Matthew on Bloomberg Radio. 459 00:25:55,480 --> 00:25:57,600 Speaker 1: If you feel like we have this conversation before, that 460 00:25:57,720 --> 00:25:59,800 Speaker 1: is because we did. It was in September, the White 461 00:25:59,800 --> 00:26:03,439 Speaker 1: House US was on the ropes with this potential rail strike. 462 00:26:04,200 --> 00:26:07,520 Speaker 1: Same for Congress, hearing calls to step in and do something. 463 00:26:08,400 --> 00:26:12,879 Speaker 1: Markets were moving. Actually, some shippers started changing plans. Remember 464 00:26:12,880 --> 00:26:16,680 Speaker 1: they weren't even taking certain orders. They were looking for alternatives. 465 00:26:18,400 --> 00:26:21,160 Speaker 1: Start flying airplanes around, driving trucks around. I learned today 466 00:26:21,160 --> 00:26:26,639 Speaker 1: actually on balance of power, three trucks for one train. 467 00:26:27,040 --> 00:26:29,760 Speaker 1: To give you a sense of how much stuff would 468 00:26:29,760 --> 00:26:33,480 Speaker 1: be affected by this, and this is why everyone is 469 00:26:33,520 --> 00:26:37,199 Speaker 1: concerned in Washington. It would be a massive economic disruption 470 00:26:38,000 --> 00:26:41,880 Speaker 1: on Christmas. And so we reassemble the panel for their 471 00:26:41,920 --> 00:26:45,159 Speaker 1: take on this latest round. Jennie Chanzano and Lester Mounson 472 00:26:45,640 --> 00:26:48,399 Speaker 1: are with us. Genie of course, Bloomberg Politics contributor and 473 00:26:48,440 --> 00:26:53,280 Speaker 1: Democratic analysts. Lester Mounthson, Republican strategist with government relations firm 474 00:26:53,359 --> 00:26:56,719 Speaker 1: b g R Group. Genie, this is not what this 475 00:26:56,760 --> 00:26:59,280 Speaker 1: White House needs now. I mean, the impact on supply 476 00:26:59,359 --> 00:27:04,080 Speaker 1: chain and ation would be a non starter politically, it 477 00:27:04,119 --> 00:27:07,399 Speaker 1: would and it puts them in a real difficult situation because, 478 00:27:07,440 --> 00:27:09,359 Speaker 1: of course the reality is that would put them in 479 00:27:09,400 --> 00:27:13,080 Speaker 1: a terrible situation as we face the holidays economically, but 480 00:27:13,160 --> 00:27:15,600 Speaker 1: on the flip side as you look, and I will 481 00:27:15,680 --> 00:27:20,160 Speaker 1: quote Nancy Pelosi here, railroad companies are making obscene profits 482 00:27:20,160 --> 00:27:22,439 Speaker 1: on the backs of these workers, and you should not 483 00:27:22,560 --> 00:27:25,679 Speaker 1: get fired for staying home when you're sick. So is 484 00:27:25,720 --> 00:27:29,240 Speaker 1: the administration going to push through this agreement that was made, 485 00:27:29,240 --> 00:27:31,920 Speaker 1: try to get Congress to push that through? Um? Are 486 00:27:31,920 --> 00:27:36,000 Speaker 1: they going to try to push the corporations to really 487 00:27:36,280 --> 00:27:38,440 Speaker 1: man up a woman up in a way and give 488 00:27:38,480 --> 00:27:43,320 Speaker 1: workers what they need? Because this is absolutely and insane 489 00:27:43,359 --> 00:27:46,040 Speaker 1: in a cruel system that these people, these workers are 490 00:27:46,040 --> 00:27:48,960 Speaker 1: being subjected to, and it's got to be addressed, and 491 00:27:49,000 --> 00:27:50,760 Speaker 1: now is the time for them to do it. But 492 00:27:50,840 --> 00:27:54,000 Speaker 1: the White House has, of course facing this inflation crisis 493 00:27:54,040 --> 00:27:56,280 Speaker 1: and it's going to be really difficult to do. But 494 00:27:56,359 --> 00:27:59,120 Speaker 1: you certainly think that Marty Washed the Labor Secretary, knows 495 00:27:59,200 --> 00:28:03,479 Speaker 1: all of this. Uh, if he's a union guy, are 496 00:28:03,640 --> 00:28:05,760 Speaker 1: just surprised he hasn't been able to crack this. I mean, 497 00:28:05,800 --> 00:28:08,919 Speaker 1: we thought we had a deal, yeah, I mean, And 498 00:28:08,960 --> 00:28:11,760 Speaker 1: the reality is is that the Joe Biden went out 499 00:28:11,760 --> 00:28:15,040 Speaker 1: and celebrated that deal when in fact it's still had 500 00:28:15,080 --> 00:28:18,200 Speaker 1: to be approved by the workers at these twelve unions 501 00:28:18,480 --> 00:28:20,400 Speaker 1: and one by one. I mean, it's sort of been 502 00:28:20,400 --> 00:28:22,840 Speaker 1: in the back pages of the news. Many of these 503 00:28:22,880 --> 00:28:26,040 Speaker 1: unions that have voted have said this doesn't go far enough. 504 00:28:26,119 --> 00:28:28,119 Speaker 1: And as you were just talking about with your guest, 505 00:28:28,560 --> 00:28:31,800 Speaker 1: one more flexible day is not enough, and I urged 506 00:28:31,800 --> 00:28:34,320 Speaker 1: people to read the reality of the situation. I mean, 507 00:28:34,359 --> 00:28:38,120 Speaker 1: he talked about people dying, missing funerals. They cannot take 508 00:28:38,200 --> 00:28:41,320 Speaker 1: a day off from work, even when they're sick, and 509 00:28:41,360 --> 00:28:43,760 Speaker 1: that is no way to treat workers in this country, 510 00:28:43,920 --> 00:28:47,320 Speaker 1: particularly when they are making record profits and they happen 511 00:28:47,720 --> 00:28:50,280 Speaker 1: less for the President claims to be, or certainly strives 512 00:28:50,320 --> 00:28:53,479 Speaker 1: to be, as he says openly in his speeches, the 513 00:28:53,520 --> 00:28:58,800 Speaker 1: most labor friendly, the most union friendly administration in history. 514 00:28:59,400 --> 00:29:05,240 Speaker 1: How come this White House can't make a difference here. Well, 515 00:29:05,600 --> 00:29:10,040 Speaker 1: maybe Democrats have lost their feel for private sector unions. 516 00:29:10,120 --> 00:29:14,880 Speaker 1: They're pretty enthralled with public sector unions these days. Maybe 517 00:29:14,960 --> 00:29:18,360 Speaker 1: they've tilted a little bit too far in that direction. Uh. 518 00:29:18,360 --> 00:29:21,000 Speaker 1: And as as Genie points out, the President was taken 519 00:29:21,080 --> 00:29:24,400 Speaker 1: credit for this deal before the election, he's already kind 520 00:29:24,400 --> 00:29:27,600 Speaker 1: of done his victory dance. It looks bad now that 521 00:29:27,760 --> 00:29:31,360 Speaker 1: his deal for these folks was was not what they 522 00:29:31,400 --> 00:29:34,800 Speaker 1: thought was good enough. So the White House is gonna 523 00:29:35,000 --> 00:29:37,080 Speaker 1: reap a little bit of what it has sewed here 524 00:29:38,320 --> 00:29:41,040 Speaker 1: in what way, Especially if Congress steps in and stops 525 00:29:41,040 --> 00:29:46,840 Speaker 1: it doesn't that save the White House. It does, and 526 00:29:46,920 --> 00:29:51,160 Speaker 1: it doesn't. There's a real battle here in this country 527 00:29:51,360 --> 00:29:57,040 Speaker 1: over private sector union workers. Politically, Republicans are making a 528 00:29:57,160 --> 00:30:00,640 Speaker 1: better a better case to this Democrat effect than they 529 00:30:00,680 --> 00:30:03,480 Speaker 1: have in decades. And I'm not saying I'm necessarily in 530 00:30:03,520 --> 00:30:05,440 Speaker 1: favor of that, by the way, but this is where 531 00:30:05,480 --> 00:30:09,280 Speaker 1: the Republican Party is going. If the White House, you know, 532 00:30:09,320 --> 00:30:11,440 Speaker 1: if this plays out in such a way that the 533 00:30:11,480 --> 00:30:15,800 Speaker 1: White House has demonstrates a real failure of leadership, that's 534 00:30:15,800 --> 00:30:20,640 Speaker 1: gonna benefit Republicans going forward in and a lot of 535 00:30:20,680 --> 00:30:23,480 Speaker 1: these swing voters, a lot of these folks who are 536 00:30:23,560 --> 00:30:25,760 Speaker 1: who are going to be affected by this directly that 537 00:30:25,880 --> 00:30:29,720 Speaker 1: I'm talking about workers in the railroad industry are exactly 538 00:30:29,720 --> 00:30:31,680 Speaker 1: the kind of voters both parties are looking for. It's 539 00:30:31,680 --> 00:30:33,480 Speaker 1: gonna make it a little bit easier for Republicans to 540 00:30:33,520 --> 00:30:37,000 Speaker 1: go after them. We'll keep you posted on this. Obviously, 541 00:30:37,000 --> 00:30:40,400 Speaker 1: this could break before December gets here, that that's when 542 00:30:40,400 --> 00:30:43,080 Speaker 1: the deadline is and we'll keep tabs on this, but 543 00:30:43,120 --> 00:30:44,920 Speaker 1: I'll tell you, Genie, this is not a conversation that 544 00:30:45,000 --> 00:30:48,000 Speaker 1: Joe Biden wants to hear people having about his administration. 545 00:30:48,000 --> 00:30:51,160 Speaker 1: It just runs against everything that he says, everything he says, 546 00:30:51,200 --> 00:30:54,280 Speaker 1: everything he believes. And I mean, we're talking about am track, Joe, 547 00:30:54,320 --> 00:30:56,440 Speaker 1: and I understand we're not directly talking about am Track 548 00:30:56,520 --> 00:30:59,000 Speaker 1: here as we talked about this railroad strike. But this 549 00:30:59,080 --> 00:31:01,040 Speaker 1: is who Joe Biden and was, and and you know, 550 00:31:01,120 --> 00:31:03,840 Speaker 1: just to follow up on Lester's point, the tension has 551 00:31:03,880 --> 00:31:08,400 Speaker 1: been in the Democratic Party between you know, understanding and 552 00:31:08,480 --> 00:31:13,600 Speaker 1: doing the work of the white you know, Midwestern voters 553 00:31:13,680 --> 00:31:16,280 Speaker 1: who they seem to have lost in twenty sixteen to 554 00:31:16,400 --> 00:31:19,080 Speaker 1: Donald Trump. Joe Biden got some of them back in. 555 00:31:20,240 --> 00:31:23,080 Speaker 1: But you know, this kind of thing threatens to suggest 556 00:31:23,280 --> 00:31:27,239 Speaker 1: that they may not understand what people lives are like. 557 00:31:27,400 --> 00:31:30,080 Speaker 1: And in this case, it's these railroad workers and to 558 00:31:30,200 --> 00:31:32,720 Speaker 1: do the work to ensure that they get what they 559 00:31:32,800 --> 00:31:36,640 Speaker 1: deserve and they're not asking for much. Meanwhile, on the 560 00:31:36,680 --> 00:31:41,160 Speaker 1: southern border today, the man who would be speaker, Kevin 561 00:31:41,200 --> 00:31:44,200 Speaker 1: McCarthy shows up in El Paso, and it was known 562 00:31:44,280 --> 00:31:46,080 Speaker 1: he was going to make the trip. It wasn't known 563 00:31:46,120 --> 00:31:49,800 Speaker 1: exactly what he would say here. It is our country 564 00:31:49,840 --> 00:31:56,720 Speaker 1: may never recover from Secretary Mayorcas dereliction of duty. This 565 00:31:56,800 --> 00:32:01,480 Speaker 1: is why today I am calling on the Secretary to resign. 566 00:32:02,920 --> 00:32:07,440 Speaker 1: He cannot and must not remain in that position. If 567 00:32:07,440 --> 00:32:14,520 Speaker 1: Secretary majorcas does not resign, House Republicans will investigate every order, 568 00:32:15,240 --> 00:32:21,160 Speaker 1: every action, and every failure. We'll determine whether we can 569 00:32:21,240 --> 00:32:25,800 Speaker 1: begin impeachment inquiry. There you go, which brings us back 570 00:32:25,800 --> 00:32:30,440 Speaker 1: to where we started UH this hour with investigations and yes, 571 00:32:30,520 --> 00:32:35,920 Speaker 1: apparent UH impeachment plans, certainly for the Secretary of Homeland Security. 572 00:32:35,920 --> 00:32:38,120 Speaker 1: It's been suggested for the President of the United States, 573 00:32:38,120 --> 00:32:41,400 Speaker 1: along with the Attorney General. Ahead of his arrival, or 574 00:32:41,440 --> 00:32:43,640 Speaker 1: at least ahead of the news briefing, Karine John Pierre, 575 00:32:43,680 --> 00:32:46,320 Speaker 1: the White House Press Secretary, was asked about his trip 576 00:32:46,360 --> 00:32:47,960 Speaker 1: to the border. They were ready for it. Here she 577 00:32:48,120 --> 00:32:51,400 Speaker 1: is the question that we have for Kevin McCarthy, who 578 00:32:51,520 --> 00:32:55,360 Speaker 1: soon to be who soon to be speaker? McCarthy, Um, 579 00:32:55,400 --> 00:32:58,440 Speaker 1: you know, what is what is his plan? What is 580 00:32:58,520 --> 00:33:02,280 Speaker 1: he doing to help the situation that we're seeing? What 581 00:33:02,280 --> 00:33:04,600 Speaker 1: what is his plan? He goes down there and he 582 00:33:04,680 --> 00:33:08,040 Speaker 1: does a political stunt like many Republicans do that we 583 00:33:08,120 --> 00:33:10,800 Speaker 1: have seen them do, but he actually is not putting 584 00:33:10,800 --> 00:33:14,560 Speaker 1: forth a plan a plan to help us, uh, you know, 585 00:33:14,680 --> 00:33:17,080 Speaker 1: deal with an issue that we're all seeing, that you 586 00:33:17,120 --> 00:33:19,560 Speaker 1: all are reporting. And I mean one of the things 587 00:33:19,640 --> 00:33:21,640 Speaker 1: he can do is he can go to Texas Senator 588 00:33:21,680 --> 00:33:24,840 Speaker 1: Ted Cruz or any members of the Republican Caucus from 589 00:33:24,880 --> 00:33:29,200 Speaker 1: Texas who voted against the President's request for record funding 590 00:33:29,240 --> 00:33:32,320 Speaker 1: to support the hard working men and women at the 591 00:33:32,360 --> 00:33:35,760 Speaker 1: Department of Homeland Security. It's a pretty good answer, Lester, 592 00:33:36,080 --> 00:33:38,480 Speaker 1: when you consider the voting record here. But is this 593 00:33:38,600 --> 00:33:41,280 Speaker 1: a stunt for Kevin McCarthy or is he doing exactly 594 00:33:41,320 --> 00:33:46,200 Speaker 1: what voters want them to do. Well, it's definitely a stunt, 595 00:33:47,600 --> 00:33:49,880 Speaker 1: But we we have a politics of stunts now, and 596 00:33:49,880 --> 00:33:52,640 Speaker 1: that doesn't necessarily make it illegitimate at all. You know, 597 00:33:52,680 --> 00:33:56,360 Speaker 1: the January sixth Commission hearings, to some extent can be 598 00:33:56,520 --> 00:33:59,680 Speaker 1: characterized as a stunt. They had some impact. Uh So 599 00:34:00,040 --> 00:34:02,600 Speaker 1: just because of the stunt doesn't mean it's bad. Can 600 00:34:02,840 --> 00:34:05,880 Speaker 1: can Kevin McCarthy's message prevail? I think the White House 601 00:34:05,960 --> 00:34:10,080 Speaker 1: has some definite weaknesses here. The record um security at 602 00:34:10,080 --> 00:34:13,000 Speaker 1: the border is not very good. Uh, and there there's 603 00:34:13,000 --> 00:34:15,120 Speaker 1: a lot of questions about the policies and what they're 604 00:34:15,160 --> 00:34:18,240 Speaker 1: carrying out. So a little bit of daylight and sunlight 605 00:34:18,320 --> 00:34:20,879 Speaker 1: from the legislative branch I think might be a good 606 00:34:20,920 --> 00:34:24,400 Speaker 1: thing here. But at the same time, Republicans are going 607 00:34:24,480 --> 00:34:26,960 Speaker 1: to be in the majority, they do need to suggest 608 00:34:27,360 --> 00:34:30,799 Speaker 1: alternative policies that could work. I think they will do that. 609 00:34:30,880 --> 00:34:33,000 Speaker 1: But like the White House is not wrong to say 610 00:34:33,040 --> 00:34:36,399 Speaker 1: what's your plan? Fair enough? And I tend to think 611 00:34:36,400 --> 00:34:39,239 Speaker 1: that the January six Committee made a greater contribution to 612 00:34:39,320 --> 00:34:42,080 Speaker 1: history than this trip of the border. But I get 613 00:34:42,120 --> 00:34:46,520 Speaker 1: your point here, Genie, what's the Biden administration do on 614 00:34:46,719 --> 00:34:50,719 Speaker 1: immigration reform, border security for the next two years when 615 00:34:50,760 --> 00:34:54,560 Speaker 1: no one has an appetite for comprehensive legislation, You know, 616 00:34:54,680 --> 00:34:58,200 Speaker 1: they should listen, you know, to people like Governor elect 617 00:34:58,280 --> 00:35:01,080 Speaker 1: Katie Hobbs in Arizona, who is out talking about the 618 00:35:01,120 --> 00:35:04,880 Speaker 1: fact um, you know, very calmly um, not quite as 619 00:35:04,960 --> 00:35:08,719 Speaker 1: draconian as as Kevin McCarthy, about the fact that Democrats 620 00:35:08,800 --> 00:35:12,080 Speaker 1: really have to go visit the border and see what 621 00:35:12,239 --> 00:35:16,279 Speaker 1: is going on because there is a crisis. Well no, 622 00:35:16,480 --> 00:35:19,600 Speaker 1: I mean she's right there. She's right, there is a 623 00:35:19,640 --> 00:35:22,640 Speaker 1: crisis at the border. That is absolutely true. Joe Biden 624 00:35:22,640 --> 00:35:25,080 Speaker 1: has said it himself. So they need to listen to 625 00:35:25,120 --> 00:35:28,400 Speaker 1: Democrats like her who are saying, you know, this is 626 00:35:28,440 --> 00:35:31,319 Speaker 1: a challenge for us here and it needs to be addressed. Now. 627 00:35:31,360 --> 00:35:33,759 Speaker 1: To your point, there is no appetite in Congress and 628 00:35:33,800 --> 00:35:36,960 Speaker 1: hasn't been for decades to address this crisis. And Biden 629 00:35:37,080 --> 00:35:41,279 Speaker 1: is right. He put forward the Citizenship Act in January. 630 00:35:41,320 --> 00:35:43,920 Speaker 1: It never passed, and they're right to ask Republicans what 631 00:35:43,920 --> 00:35:47,520 Speaker 1: they're gonna do. Um, But beyond that, they really do 632 00:35:47,719 --> 00:35:50,800 Speaker 1: have to at least do a better job of showing 633 00:35:50,920 --> 00:35:54,920 Speaker 1: that they are caring about this issue and taking steps 634 00:35:54,960 --> 00:35:57,719 Speaker 1: to address it, because it is something that you know, 635 00:35:57,800 --> 00:36:02,000 Speaker 1: really most Americans give the administration loan marks on. They 636 00:36:02,160 --> 00:36:06,200 Speaker 1: inherited this crisis, but they are in in control and 637 00:36:06,239 --> 00:36:08,480 Speaker 1: they do need to at least take steps to address it. 638 00:36:08,560 --> 00:36:11,719 Speaker 1: You can't have Democrats like Katie Hobbs criticizing them and 639 00:36:11,800 --> 00:36:14,440 Speaker 1: others at the Texas border and elsewhere, Democrats who say 640 00:36:14,440 --> 00:36:17,880 Speaker 1: they're not doing enough. I know that Lester, this wouldn't 641 00:36:17,880 --> 00:36:20,120 Speaker 1: get through the Senate, but but well, Republicans in the 642 00:36:20,120 --> 00:36:25,160 Speaker 1: House impeach Alejandro mai orchis Uh. That's a great question. 643 00:36:25,400 --> 00:36:28,120 Speaker 1: You know, if the Speaker says they're going to pursue that, 644 00:36:28,160 --> 00:36:30,399 Speaker 1: there's seems to me like there's a decent chance they'll 645 00:36:30,520 --> 00:36:33,200 Speaker 1: they'll try to do that. Yeah, as you point out, 646 00:36:33,239 --> 00:36:35,040 Speaker 1: the Senate won't convict. I do want to discroup j 647 00:36:35,320 --> 00:36:38,160 Speaker 1: on one thing. I'm not sure the administration by administration 648 00:36:38,239 --> 00:36:42,279 Speaker 1: inherited this. The Trump administration did have although it didn't 649 00:36:42,280 --> 00:36:43,840 Speaker 1: build the wall that it said it was going to, 650 00:36:44,560 --> 00:36:48,600 Speaker 1: their policies on the border, uh, did lead to fewer 651 00:36:48,719 --> 00:36:51,600 Speaker 1: crossings than the current administration. So this is this is 652 00:36:51,640 --> 00:36:53,560 Speaker 1: a new development. Yeah, there are a lot of ways 653 00:36:53,560 --> 00:36:55,520 Speaker 1: to talk. The South too, also broke up a bunch 654 00:36:55,520 --> 00:36:58,759 Speaker 1: of families. But boy, this is always easy to talk about. 655 00:36:58,840 --> 00:37:01,759 Speaker 1: Lester months and thank you Gennie Schanzano our panel. This 656 00:37:02,400 --> 00:37:03,080 Speaker 1: is Bloomberg