1 00:00:00,520 --> 00:00:04,240 Speaker 1: Now on Bloomberg with about the government. What are the 2 00:00:04,280 --> 00:00:07,520 Speaker 1: political reality The President has been increasingly frustrated. I want 3 00:00:07,520 --> 00:00:10,160 Speaker 1: to try to cut through the noise politically. This is devastating. 4 00:00:10,320 --> 00:00:15,240 Speaker 1: Sound On with Kevin cerel the insiders, the influencers, insiders. 5 00:00:15,400 --> 00:00:18,239 Speaker 1: There's no secret that I care a lot about the consumers. 6 00:00:18,400 --> 00:00:21,480 Speaker 1: There are real questions about good tech. Wet's still have 7 00:00:21,520 --> 00:00:23,920 Speaker 1: more leverage to us. Ricket's harraffs. I think we could 8 00:00:23,960 --> 00:00:25,759 Speaker 1: do with a little less drama from the White House. 9 00:00:26,120 --> 00:00:31,040 Speaker 1: This is Sound On with Kevin Currelate on Bloomberg One 10 00:00:31,160 --> 00:00:33,159 Speaker 1: at one oh five point seven a m h D 11 00:00:33,240 --> 00:00:37,160 Speaker 1: two Boltemore, It's good to be back in America. Happy Monday, folks. 12 00:00:37,159 --> 00:00:41,160 Speaker 1: I'm Kevin Cirelli, Bloombergner's chief Washington correspondent for Bloomberg Television 13 00:00:41,200 --> 00:00:46,839 Speaker 1: and Bloomberg Radio. Busy Monday. President Trump responding to Judiciary 14 00:00:46,840 --> 00:00:51,160 Speaker 1: Committee Chairman Jerry Nadler, who is requesting, along with House 15 00:00:51,200 --> 00:00:54,639 Speaker 1: Democrats at treasure trove of documents, to try to continue 16 00:00:54,680 --> 00:00:58,160 Speaker 1: to investigate the White House and President Trump will get 17 00:00:58,200 --> 00:01:01,240 Speaker 1: to that. And did you here, President Trump? Over the weekend, 18 00:01:01,760 --> 00:01:05,880 Speaker 1: the fallout from President Trump's more than two hour, two 19 00:01:05,880 --> 00:01:10,600 Speaker 1: hours worth of off prompter off scripts. President Trump at 20 00:01:10,640 --> 00:01:12,960 Speaker 1: SPACK will dive into that. Plus you don't want to 21 00:01:13,000 --> 00:01:18,280 Speaker 1: miss this Congresswoman Alexandria Accacio Cortes's chief of staff. She's 22 00:01:18,280 --> 00:01:21,200 Speaker 1: gonna join us from our New York studio UH and 23 00:01:21,240 --> 00:01:23,760 Speaker 1: give us all of the latest in terms of what 24 00:01:24,000 --> 00:01:28,080 Speaker 1: AO C, what is life like for AOC these days. 25 00:01:28,160 --> 00:01:31,640 Speaker 1: We've got an all star panel joining us for the hour. 26 00:01:32,360 --> 00:01:36,880 Speaker 1: We've got Jennifer Holdsworth as well as Matt Gorman. Jennifer 27 00:01:36,880 --> 00:01:40,760 Speaker 1: Holdsworth is a senior Democratic strategist and a former advisor 28 00:01:40,880 --> 00:01:45,560 Speaker 1: to Congressman Seth Maulton UH and Mac Gorman both friends program. 29 00:01:45,600 --> 00:01:48,520 Speaker 1: Is a vice president at the Targeted Victory UH and 30 00:01:48,600 --> 00:01:52,279 Speaker 1: former NRCC coms director. Before all of that, though House 31 00:01:52,360 --> 00:01:57,960 Speaker 1: Judiciary Committee Chairman Jerry Nadler is escalating Democrats investigations of 32 00:01:58,040 --> 00:02:02,960 Speaker 1: President Donald Trump, He's at actually issuing demands for new 33 00:02:03,320 --> 00:02:06,320 Speaker 1: information from a host of different people connected to the 34 00:02:06,360 --> 00:02:10,920 Speaker 1: White House on everything ranging from the administration's activities to 35 00:02:11,040 --> 00:02:15,639 Speaker 1: the President's business his potential ties to Russia. Jerry Nadler, 36 00:02:15,720 --> 00:02:21,079 Speaker 1: the Democratic congressman representing New York City, He is uh probing, 37 00:02:21,120 --> 00:02:25,280 Speaker 1: really allegations of obstruction of justice, public corruption, you name it, 38 00:02:25,919 --> 00:02:32,080 Speaker 1: really diving into uh, the specifics. According to my colleague's report, 39 00:02:32,320 --> 00:02:34,440 Speaker 1: Billy House, You've got to check out the story on 40 00:02:34,480 --> 00:02:39,600 Speaker 1: the Bloomberg terminal. He's requesting documents from eighty one people, 41 00:02:40,080 --> 00:02:43,520 Speaker 1: eighty one different people, whether it's Donald Trump Jr. The 42 00:02:43,520 --> 00:02:47,880 Speaker 1: Trump Organization chief financial officer Alan Weisselberg, or and even 43 00:02:47,919 --> 00:02:51,720 Speaker 1: the publisher of the National Inquirer, David Pecker. I mean, 44 00:02:52,639 --> 00:02:55,399 Speaker 1: it's it's everything that's been going on at the Mueller investigation. 45 00:02:55,520 --> 00:02:59,880 Speaker 1: Jerry Nadler, Congressman, House Judiciary Committee Chairman Jerry Nadler now says, 46 00:03:00,000 --> 00:03:02,880 Speaker 1: all right, we've got the gavel, we've got the majority. 47 00:03:02,960 --> 00:03:08,080 Speaker 1: We're gonna be investigating this wealth. Last week, being in Vietnam, 48 00:03:08,160 --> 00:03:11,600 Speaker 1: when the Michael Cohen uh hearing, I almost called it, 49 00:03:11,800 --> 00:03:15,040 Speaker 1: I mean hearing it gripped the attention of the country. 50 00:03:15,080 --> 00:03:17,600 Speaker 1: I was texting with some staffers on both sides of 51 00:03:17,639 --> 00:03:20,760 Speaker 1: the aisle, and the common refrain that I heard from 52 00:03:20,760 --> 00:03:23,720 Speaker 1: my sources up on Capitol Hill all the way around 53 00:03:23,760 --> 00:03:28,040 Speaker 1: the world was that this is an illustration of what 54 00:03:28,120 --> 00:03:30,760 Speaker 1: democrats really can do. You might disagree with it, you 55 00:03:30,840 --> 00:03:33,480 Speaker 1: might agree with it, but sources in both parties were saying, 56 00:03:33,520 --> 00:03:37,200 Speaker 1: get ready because this is just the beginning of these 57 00:03:37,240 --> 00:03:40,760 Speaker 1: types of hearings. Uh. It's why I'm so glad to 58 00:03:40,840 --> 00:03:43,720 Speaker 1: welcome for the hour an all star panel to really 59 00:03:43,760 --> 00:03:48,120 Speaker 1: dive into the politics, the policy, and the political implications 60 00:03:48,160 --> 00:03:50,880 Speaker 1: of all of this. Jennifer Holdsworth is a senior Democratic 61 00:03:50,920 --> 00:03:54,280 Speaker 1: strategy She's a former advisor to Congressman Seth Malton, a 62 00:03:54,360 --> 00:03:57,720 Speaker 1: Democrat from Massachusetts, as well as the former New Jersey 63 00:03:57,800 --> 00:04:01,360 Speaker 1: state director for Hillary for a Mayor America and That Gorman, 64 00:04:01,560 --> 00:04:05,920 Speaker 1: vice president at Targeted Victory, and the former National Republican 65 00:04:06,160 --> 00:04:10,640 Speaker 1: Conference Committee communications director Matt Jennifer both have been on 66 00:04:10,680 --> 00:04:13,160 Speaker 1: before and never on together. So this this will be fun. 67 00:04:13,320 --> 00:04:15,760 Speaker 1: We might not, you might not agree on anything, but 68 00:04:15,840 --> 00:04:18,800 Speaker 1: let me start with you, Jennifer, are Democrats at risk here? 69 00:04:19,680 --> 00:04:21,800 Speaker 1: I don't want to say of overplaying their hand, but 70 00:04:21,839 --> 00:04:23,599 Speaker 1: I'll say it of overplaying their hand with all of 71 00:04:23,600 --> 00:04:27,480 Speaker 1: these investigations quite simply. Yes, really, I think that they 72 00:04:27,520 --> 00:04:30,360 Speaker 1: need to be very very strategic. Um. I don't think 73 00:04:30,360 --> 00:04:32,560 Speaker 1: that they've done anything wrong so far. I think every 74 00:04:32,560 --> 00:04:35,880 Speaker 1: single step has been spot on, right on. We've got 75 00:04:35,880 --> 00:04:38,680 Speaker 1: to make sure that all of the information is coming out. 76 00:04:39,440 --> 00:04:42,320 Speaker 1: I think that we're actually swimming in information right now, 77 00:04:42,360 --> 00:04:44,960 Speaker 1: but very little facts and very little knowledge. And that's 78 00:04:45,000 --> 00:04:49,039 Speaker 1: what these investigatory committees are going to get to the 79 00:04:49,040 --> 00:04:52,360 Speaker 1: bottom of. There. There is so much misinformation out there 80 00:04:52,480 --> 00:04:55,720 Speaker 1: about you know, not just the Russia investigation in terms 81 00:04:55,760 --> 00:04:59,480 Speaker 1: of Mueller, but in terms of what else is going 82 00:04:59,560 --> 00:05:02,000 Speaker 1: on with not just the Trump organization but the Trump 83 00:05:02,040 --> 00:05:05,240 Speaker 1: White House. Yes, this is oversight. This is the benefit 84 00:05:05,279 --> 00:05:07,400 Speaker 1: of having won the midterms. This is the benefit of 85 00:05:07,440 --> 00:05:13,159 Speaker 1: having overwhelmingly won the popular vote in ten where the 86 00:05:13,240 --> 00:05:16,120 Speaker 1: voting population said, hey, we want you to look into this. 87 00:05:16,200 --> 00:05:18,640 Speaker 1: We're tired of this. A lot of people ran on this. 88 00:05:19,000 --> 00:05:21,960 Speaker 1: So yes, they are absolutely doing the right thing. But yes, 89 00:05:22,160 --> 00:05:24,359 Speaker 1: over playing their hand is something that we absolutely have 90 00:05:24,360 --> 00:05:26,440 Speaker 1: to be caught. Let me play for you what President 91 00:05:26,480 --> 00:05:29,400 Speaker 1: Trump had to say earlier today at the White House 92 00:05:29,440 --> 00:05:31,719 Speaker 1: about about all of this, and and then that I 93 00:05:31,720 --> 00:05:33,320 Speaker 1: want to get I want to ask you a question. 94 00:05:33,320 --> 00:05:36,320 Speaker 1: Here's President Trump. Take a listen. I cooperate all the 95 00:05:36,400 --> 00:05:42,280 Speaker 1: time with everybody, and you know, all right, so he's 96 00:05:42,320 --> 00:05:45,160 Speaker 1: saying it's all a hoax. Over the weekend, NBC well 97 00:05:45,160 --> 00:05:47,720 Speaker 1: Street Journal how to pull that said sixties six and 98 00:05:47,800 --> 00:05:51,760 Speaker 1: belieue percent of Americans are are a bit perplexed in 99 00:05:51,839 --> 00:05:53,960 Speaker 1: terms of they don't know quite what to make of 100 00:05:54,040 --> 00:05:58,760 Speaker 1: all of these investigations. To Jennifer's point, But Matt, I 101 00:05:58,800 --> 00:06:02,080 Speaker 1: mean it was remarkable to We're gonna get into what 102 00:06:02,120 --> 00:06:04,919 Speaker 1: the President said Saturday night at Seapack later on, and 103 00:06:04,960 --> 00:06:07,120 Speaker 1: we're gonna have a O. C. S. Chief of Staff 104 00:06:07,160 --> 00:06:09,919 Speaker 1: on later on to talk about progressive policy. But in 105 00:06:10,040 --> 00:06:15,279 Speaker 1: terms of the investigatory angle, I mean, from your vantage point, 106 00:06:16,040 --> 00:06:19,360 Speaker 1: did the Cohen hearings last week and now Chairman Nadler's 107 00:06:19,720 --> 00:06:23,479 Speaker 1: calling on trying to get these documents? Is it Essentially 108 00:06:23,560 --> 00:06:25,400 Speaker 1: this is just the beginning. I mean, this is gonna 109 00:06:25,440 --> 00:06:28,760 Speaker 1: go on and on and on. Absolutely. I think Michael 110 00:06:28,800 --> 00:06:31,400 Speaker 1: Cohen gave the Democrats and a lot of areas to 111 00:06:31,440 --> 00:06:33,279 Speaker 1: work with game, a lot of leads, and I think 112 00:06:33,560 --> 00:06:36,440 Speaker 1: they're gonna request anything and everything trying to find something. 113 00:06:36,560 --> 00:06:39,719 Speaker 1: And as Jennifer pointed out, these are the consequences of 114 00:06:39,800 --> 00:06:41,560 Speaker 1: having lost the mid terms. This is why it was 115 00:06:41,600 --> 00:06:44,520 Speaker 1: so important for Republicans to keep the House. I will say, 116 00:06:44,520 --> 00:06:47,600 Speaker 1: when you mentioned the NBC News thing too, is that. Look, 117 00:06:47,640 --> 00:06:48,960 Speaker 1: I think a lot of us are paid to follow 118 00:06:48,960 --> 00:06:51,440 Speaker 1: these developments and they're still confusing for us to follow. 119 00:06:51,520 --> 00:06:54,600 Speaker 1: So it's very hard to get your arms around this 120 00:06:54,680 --> 00:06:57,000 Speaker 1: if you're an average listener. Okay, so what was new 121 00:06:57,360 --> 00:07:00,599 Speaker 1: from your prospective macwarman Republican strategists a good of victory? 122 00:07:00,600 --> 00:07:03,760 Speaker 1: What was new from Michael Cohen last week? Nothing about 123 00:07:03,760 --> 00:07:06,040 Speaker 1: the investigation? In my opinion, it was more the personal 124 00:07:06,080 --> 00:07:07,920 Speaker 1: side of Donald Trump, what he said about what he's 125 00:07:07,960 --> 00:07:10,840 Speaker 1: alleged to have said about black people or other things. 126 00:07:11,080 --> 00:07:14,160 Speaker 1: That's something that actually can stick in the minds of people. 127 00:07:14,240 --> 00:07:16,480 Speaker 1: You want to talk about AOC, but it's the farting 128 00:07:16,520 --> 00:07:18,600 Speaker 1: cows or the things that are so outlandished that stick 129 00:07:18,640 --> 00:07:21,760 Speaker 1: in people's minds. That's the type of stuff that can last. 130 00:07:21,840 --> 00:07:24,200 Speaker 1: Same question to you, Jen, what was new? What? What? 131 00:07:24,200 --> 00:07:26,720 Speaker 1: What emerged from Michael Cohen this that that we now 132 00:07:26,720 --> 00:07:29,800 Speaker 1: are sifting sorting through this Monday, as we hadn't said 133 00:07:29,840 --> 00:07:32,160 Speaker 1: this week. Nothing in terms of the Russian investors. See, 134 00:07:32,200 --> 00:07:34,040 Speaker 1: that's what I That's what I thought. I mean, it was. 135 00:07:34,080 --> 00:07:37,840 Speaker 1: It was fascinating. It was high political theater, high political drama. 136 00:07:38,200 --> 00:07:41,480 Speaker 1: But the whole time I was like, if you're Bob Mueller, 137 00:07:41,600 --> 00:07:43,720 Speaker 1: what are you getting out of this or what does 138 00:07:43,760 --> 00:07:46,560 Speaker 1: this do? Now? We should note Michael Cohen, President Trump's 139 00:07:46,560 --> 00:07:50,640 Speaker 1: longtime personal attorney and fixer, uh too, you know, is 140 00:07:50,680 --> 00:07:53,880 Speaker 1: going to jail pleaded guilty to such. He did testify 141 00:07:54,040 --> 00:07:56,360 Speaker 1: behind closed doors. So there is an aspect of this 142 00:07:56,800 --> 00:07:58,840 Speaker 1: that we don't have. I do want to play for 143 00:07:58,880 --> 00:08:01,840 Speaker 1: you cha, Rman Nadler. Here's what he had to say 144 00:08:01,840 --> 00:08:05,280 Speaker 1: on ABC's This Week with George Stephanopolis. Take a listen 145 00:08:05,360 --> 00:08:08,080 Speaker 1: to to Chairman Nadler. We can't depend on the Mula 146 00:08:08,120 --> 00:08:13,000 Speaker 1: investigation for this. The Mulla investigation, uh number one, we 147 00:08:13,040 --> 00:08:15,880 Speaker 1: don't know when it's ending, despite lines of rumors. Number 148 00:08:15,920 --> 00:08:20,120 Speaker 1: two's focused on specific crimes. I was struck by this 149 00:08:20,480 --> 00:08:22,760 Speaker 1: when I was when I was reviewing the Sunday shows 150 00:08:23,040 --> 00:08:25,480 Speaker 1: last night. And also just you know, as you know, 151 00:08:25,560 --> 00:08:27,360 Speaker 1: we all, as Mat said, we get paid to violence. 152 00:08:27,440 --> 00:08:29,160 Speaker 1: I live for this stuff. I mean, I've been following 153 00:08:29,200 --> 00:08:33,000 Speaker 1: this since I was born. Um, but but I was 154 00:08:33,040 --> 00:08:36,680 Speaker 1: struck by this because I don't know. I mean, Jennifer 155 00:08:36,800 --> 00:08:40,080 Speaker 1: you here, Chairman Nadler. I've interviewed him before, but from 156 00:08:40,160 --> 00:08:43,480 Speaker 1: his vantage from his vantage point he's saying that the 157 00:08:43,559 --> 00:08:48,240 Speaker 1: Mueller investigation isn't going to do enough. I think that's true. 158 00:08:48,320 --> 00:08:51,840 Speaker 1: I think the Mueller investigation has a very specific scope. 159 00:08:52,120 --> 00:08:54,560 Speaker 1: Contrary to the narrative that's coming out of the White 160 00:08:54,559 --> 00:08:57,920 Speaker 1: House that you know Robert Muller is charged with investigating 161 00:08:58,120 --> 00:09:00,560 Speaker 1: everything up into including what the president has for breakfast, 162 00:09:00,600 --> 00:09:03,400 Speaker 1: That's not actually the case. He has a very narrow 163 00:09:03,440 --> 00:09:05,800 Speaker 1: and defined scope. It's why you see that he refers 164 00:09:05,840 --> 00:09:09,400 Speaker 1: certain things to SDN Y and other investigatory agencies. This 165 00:09:09,480 --> 00:09:12,840 Speaker 1: is somebody who takes his his charge very very seriously, 166 00:09:12,880 --> 00:09:15,760 Speaker 1: and he's not going to go outside of those parameters. 167 00:09:16,000 --> 00:09:18,880 Speaker 1: I think what Chairman Nailer is saying is there are 168 00:09:18,920 --> 00:09:22,360 Speaker 1: a whole host of problems with this presidency and the 169 00:09:22,400 --> 00:09:25,200 Speaker 1: Russia investigation is just one portion of that. Yeah, that 170 00:09:25,320 --> 00:09:27,360 Speaker 1: that that it's going to be interesting coming up. We're 171 00:09:27,360 --> 00:09:29,800 Speaker 1: going to dive into the other big people are still 172 00:09:29,840 --> 00:09:31,960 Speaker 1: talking about this speech from seatback. I was on the 173 00:09:31,960 --> 00:09:35,880 Speaker 1: tarmac and dullest checking Twitter finally got service and I'm like, 174 00:09:35,920 --> 00:09:38,400 Speaker 1: oh my gosh, forget the Gridiron dinner, folks, I want 175 00:09:38,400 --> 00:09:40,880 Speaker 1: to be at seat back on Saturday night in prime 176 00:09:40,920 --> 00:09:44,959 Speaker 1: time with President Trump mcwarman stage, Jennifer Holdsworth stays, I'm 177 00:09:45,040 --> 00:09:48,120 Speaker 1: Kevin CURRELLI. You can download the sound on podcast on 178 00:09:48,160 --> 00:09:51,920 Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the 179 00:09:51,920 --> 00:09:54,200 Speaker 1: Bloomberg Business app. You can also check us out on 180 00:09:54,320 --> 00:09:58,400 Speaker 1: Radio dot com and I Heart Radio. You're listening to Bloomberg. 181 00:10:02,480 --> 00:10:09,199 Speaker 1: This is Sound On with Kevin's relate on Bloomberg. M 182 00:10:09,320 --> 00:10:13,439 Speaker 1: h D two Boltomore. Welcome back, everybody. I'm Kevin Cilli, 183 00:10:13,520 --> 00:10:17,920 Speaker 1: Bloomberg News Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. 184 00:10:18,200 --> 00:10:20,320 Speaker 1: First thing I did when I got back, I got 185 00:10:20,320 --> 00:10:23,760 Speaker 1: from Vietnam last week. I got pretzels. Vietnam beautiful country, 186 00:10:23,760 --> 00:10:25,839 Speaker 1: but they don't have pretzels, so I have been on 187 00:10:25,880 --> 00:10:30,040 Speaker 1: a pretzel kick. Uh. Also, really, the actual first thing 188 00:10:30,080 --> 00:10:32,080 Speaker 1: I did when I landed in Dullest was trying to 189 00:10:32,120 --> 00:10:35,160 Speaker 1: make sense of what was going on at Sepack and 190 00:10:35,200 --> 00:10:41,160 Speaker 1: President Trump was delivering all of this marathon speech. I mean, 191 00:10:41,240 --> 00:10:43,959 Speaker 1: it is quite remarkable, folks, that that the president can 192 00:10:44,000 --> 00:10:49,240 Speaker 1: go two hours off prompter. Uh, really, just standing there 193 00:10:49,320 --> 00:10:52,880 Speaker 1: and and and and delivering a political speech. He clearly 194 00:10:52,880 --> 00:10:55,319 Speaker 1: had a lot to get off of his chest after 195 00:10:56,080 --> 00:10:59,000 Speaker 1: the week that unfolded last week, not to mention that 196 00:10:59,040 --> 00:11:03,000 Speaker 1: there was some all so breaking developments on the economic front. 197 00:11:03,320 --> 00:11:06,679 Speaker 1: In his zeal for a deal, it looks like by 198 00:11:06,720 --> 00:11:10,480 Speaker 1: all indicators, the US and China are inching ever closer 199 00:11:10,880 --> 00:11:13,719 Speaker 1: to a potential trade agreement. Will dive into that, but 200 00:11:13,760 --> 00:11:16,760 Speaker 1: I want to stick with the Spack speech before we 201 00:11:16,800 --> 00:11:22,800 Speaker 1: interview Congresswoman Alexandria Accastio. Cortez is chief of staff. He'll 202 00:11:22,880 --> 00:11:26,520 Speaker 1: be joining us and and coming up in the next block. 203 00:11:26,960 --> 00:11:30,199 Speaker 1: H mac gorman is a Republican strategist. Jennifer Holdsworth is 204 00:11:30,200 --> 00:11:33,800 Speaker 1: a Democratic strategists were thrilled to have them both here. 205 00:11:34,000 --> 00:11:36,800 Speaker 1: Matt I spoke with a lot of staffers, or not 206 00:11:36,840 --> 00:11:38,960 Speaker 1: a lot. I spoke with some sources yesterday who were 207 00:11:39,000 --> 00:11:41,079 Speaker 1: like on the Republican side who were like, this is 208 00:11:41,120 --> 00:11:44,600 Speaker 1: the president that he's been waiting to deliver a speech 209 00:11:44,679 --> 00:11:47,959 Speaker 1: like this, and he was like, unleashed. Yes, this reminds 210 00:11:47,960 --> 00:11:51,440 Speaker 1: me a lot of in you know, whether it's New 211 00:11:51,480 --> 00:11:53,280 Speaker 1: Hampshire in the primary or go out to you know, 212 00:11:53,320 --> 00:11:56,400 Speaker 1: I don't know Colorado or Florida, where he just has 213 00:11:56,440 --> 00:11:58,559 Speaker 1: the crowd around him, he gets going. He doesn't know 214 00:11:58,600 --> 00:12:00,319 Speaker 1: how long, he's gonna be out there for your hat. 215 00:12:00,360 --> 00:12:03,120 Speaker 1: A tough week, but it was like he's going into 216 00:12:03,200 --> 00:12:06,079 Speaker 1: National Harbor and people are standing jiggering first time. I think, 217 00:12:06,080 --> 00:12:07,920 Speaker 1: you know, while he's probably had that around him, he 218 00:12:08,000 --> 00:12:11,840 Speaker 1: probably spoke longer than the commute to National Harbor, which 219 00:12:11,840 --> 00:12:14,040 Speaker 1: if anyone's ever had to get over there, I mean, 220 00:12:14,040 --> 00:12:16,240 Speaker 1: it's got awful, terrible Jim, what do you think of 221 00:12:16,240 --> 00:12:19,400 Speaker 1: a speech? I believe the Nation put it best when 222 00:12:19,440 --> 00:12:21,640 Speaker 1: they said this wasn't as much of a speech as 223 00:12:21,679 --> 00:12:27,800 Speaker 1: it was a visible breakdown. Um wow, I think, um, 224 00:12:27,880 --> 00:12:29,560 Speaker 1: you know, in a two hour speech, I think that 225 00:12:29,600 --> 00:12:34,600 Speaker 1: there were possibly two discernible full English sentences. Um, you know, 226 00:12:34,679 --> 00:12:37,640 Speaker 1: but I'm going to be called a liberal coastal elite 227 00:12:37,760 --> 00:12:40,720 Speaker 1: and all those other you know names. And he rambled 228 00:12:40,720 --> 00:12:43,240 Speaker 1: just to own the Libs and and that's fine, but 229 00:12:43,480 --> 00:12:45,680 Speaker 1: you know, he's got to remember that he's not competing 230 00:12:45,720 --> 00:12:50,719 Speaker 1: against Hillary Clinton. Now, he's competing against a crop of Unbelievably, 231 00:12:50,880 --> 00:12:54,360 Speaker 1: he doesn't know who he's competing. However, it's now also 232 00:12:54,480 --> 00:12:58,680 Speaker 1: unlike was a referendum on Trump will be a choice, right, 233 00:12:58,679 --> 00:13:00,840 Speaker 1: and Trump's at his best when he as an enemy. 234 00:13:00,880 --> 00:13:05,200 Speaker 1: Now again You're right, no one's as a storageline popularised Hillary. However, 235 00:13:05,840 --> 00:13:07,920 Speaker 1: you know they're they're they're going left, and you know, 236 00:13:08,040 --> 00:13:11,000 Speaker 1: maybe they can have that type of an unfavored bilhood. 237 00:13:11,000 --> 00:13:13,679 Speaker 1: He has to remember that historically unpopular Canada actually won 238 00:13:13,720 --> 00:13:15,680 Speaker 1: the popular vote by three million. Those well let's not 239 00:13:15,720 --> 00:13:18,360 Speaker 1: really yeah, well, let's we'll rove it forward. Mcwarman, Vice 240 00:13:18,360 --> 00:13:22,000 Speaker 1: President at targeted victory of Republican strategist and Jennifer Holdsworth 241 00:13:22,240 --> 00:13:25,880 Speaker 1: Holdsworth senior Democratic strategists stay with us. Let's hear a 242 00:13:25,920 --> 00:13:29,320 Speaker 1: bit from that Seapack speech. We were talking earlier about 243 00:13:29,400 --> 00:13:33,080 Speaker 1: Chairman Jerry Nadler of the House Judiciary Committee trying to 244 00:13:33,120 --> 00:13:36,960 Speaker 1: get a treasure trove of documents following the fallout from 245 00:13:36,960 --> 00:13:41,360 Speaker 1: that Michael Cohen hearing last week. Here's what the President 246 00:13:41,400 --> 00:13:44,640 Speaker 1: had to say about all of these Russia investigations. Here's 247 00:13:44,679 --> 00:13:48,720 Speaker 1: President Trump on what he calls the collusion delusion. Listen, 248 00:13:49,320 --> 00:13:51,880 Speaker 1: and he said, we're going to look into his financial 249 00:13:51,920 --> 00:13:53,720 Speaker 1: I said, where did that come from? He always talked 250 00:13:53,760 --> 00:13:59,319 Speaker 1: about Russia, collusion with Russia, the collusion delusion, so met, 251 00:13:59,360 --> 00:14:03,960 Speaker 1: I mean I could polls and it's sixth President Trump 252 00:14:04,000 --> 00:14:07,920 Speaker 1: has been successful in and stopping the political bleeding, so 253 00:14:08,000 --> 00:14:10,800 Speaker 1: to speak, from from reaching into the base on on 254 00:14:10,840 --> 00:14:13,880 Speaker 1: the Russia investigation. Absolutely, I think that's that's speaking of 255 00:14:13,880 --> 00:14:18,400 Speaker 1: his credibilities built in sixteen about having them disbelieve almost anything. However, 256 00:14:18,600 --> 00:14:21,120 Speaker 1: and going back to the point from last block was 257 00:14:21,840 --> 00:14:25,000 Speaker 1: Democrats have really used so much rhetoric and set the 258 00:14:25,040 --> 00:14:27,200 Speaker 1: bar so high for this Moler report in a lot 259 00:14:27,200 --> 00:14:29,640 Speaker 1: of ways. I think in some ways Nadler's trying to 260 00:14:29,680 --> 00:14:32,200 Speaker 1: slow it down a little bit. If this isn't collusion, 261 00:14:32,440 --> 00:14:35,280 Speaker 1: then that's going to be a serious problem because it's 262 00:14:35,320 --> 00:14:37,400 Speaker 1: harder to sell that if it's not what they've been 263 00:14:37,400 --> 00:14:40,440 Speaker 1: pumping up the last two years. Yeah, but you know, 264 00:14:40,880 --> 00:14:43,080 Speaker 1: I think it hasn't just been about collusion. I'm going 265 00:14:43,120 --> 00:14:45,360 Speaker 1: to depart from the partisan talking points here and say, 266 00:14:45,600 --> 00:14:47,840 Speaker 1: at the end of the day, there's fatigue about this 267 00:14:47,960 --> 00:14:52,080 Speaker 1: investigation because people are generally sad, they're sick over it. 268 00:14:52,320 --> 00:14:54,760 Speaker 1: People who believe in the republic and want to believe 269 00:14:54,840 --> 00:14:56,880 Speaker 1: in democracy, I want to believe in free and fair 270 00:14:56,880 --> 00:15:00,280 Speaker 1: elections don't actually want the result of the Mulla Court 271 00:15:00,560 --> 00:15:03,040 Speaker 1: to say that there's some smoking gun. And Donald Trump 272 00:15:03,080 --> 00:15:05,640 Speaker 1: helped Russia, you know, overrun our election. I'm going to 273 00:15:05,760 --> 00:15:08,160 Speaker 1: rip up the script to quote my friends and mentors 274 00:15:08,160 --> 00:15:10,280 Speaker 1: here at Bloomberg, Tom Keane, let's rip up the script. 275 00:15:10,360 --> 00:15:12,760 Speaker 1: Match She says that they want the results of the 276 00:15:12,840 --> 00:15:16,320 Speaker 1: investigation of the Mueller Probe. You're a Republican. The White 277 00:15:16,320 --> 00:15:18,480 Speaker 1: House is saying, no, it could be a summary. Do 278 00:15:18,520 --> 00:15:21,680 Speaker 1: you think the Mueller Report should be releasing full I'm 279 00:15:21,720 --> 00:15:24,440 Speaker 1: not sure about that. I think it depends on whether 280 00:15:24,640 --> 00:15:26,920 Speaker 1: or not it can be acceptable to like the broad 281 00:15:27,000 --> 00:15:28,720 Speaker 1: public right it's I don't think it's gonna be like 282 00:15:28,720 --> 00:15:31,280 Speaker 1: the Lewinsky Report, where people are pouring over it and 283 00:15:31,280 --> 00:15:35,640 Speaker 1: it's coming out now. If that thing is released, everyone's 284 00:15:35,680 --> 00:15:38,680 Speaker 1: gonna want to read every word. I think, though it's 285 00:15:38,720 --> 00:15:41,760 Speaker 1: not a sella Lives report, you're gonna be diving through 286 00:15:42,000 --> 00:15:44,160 Speaker 1: two of your pages stuff that it's again we talked 287 00:15:44,160 --> 00:15:47,040 Speaker 1: about it's hard to comprehend for that one percent. As 288 00:15:47,040 --> 00:15:49,360 Speaker 1: long as that one percent that people actually care about 289 00:15:49,440 --> 00:15:51,760 Speaker 1: is in the summary or what have you, I think 290 00:15:51,840 --> 00:15:54,040 Speaker 1: that will be. I actually think it's going to be 291 00:15:54,200 --> 00:15:56,960 Speaker 1: exactly like the I G Report that came out, you know, 292 00:15:57,040 --> 00:15:58,760 Speaker 1: in the later part of last year. I think both 293 00:15:58,760 --> 00:16:00,400 Speaker 1: sides are going to be able to take they want 294 00:16:00,440 --> 00:16:02,520 Speaker 1: from it, and we're not gonna get any real clear answers. 295 00:16:02,480 --> 00:16:05,280 Speaker 1: All right, coming up, we uh, we step away from 296 00:16:05,360 --> 00:16:09,280 Speaker 1: the Mueller investigation and the investigations, or as President Trump 297 00:16:09,320 --> 00:16:12,880 Speaker 1: calls them, collusion delusion. I like the rhyme like zeal 298 00:16:12,960 --> 00:16:16,040 Speaker 1: Ford deal, collusion delusion, and we're gonna switch gears and 299 00:16:16,080 --> 00:16:20,400 Speaker 1: dive into head first progressive policy. The chief of staff 300 00:16:20,480 --> 00:16:25,760 Speaker 1: to Congresswoman Alexandria Acascio Cortez joins us from our New 301 00:16:25,840 --> 00:16:30,680 Speaker 1: York studio panel stays. Remember, folks, you can download the 302 00:16:30,880 --> 00:16:34,280 Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com 303 00:16:34,400 --> 00:16:37,560 Speaker 1: or by downloading the Bloomberg Business app. You can also 304 00:16:37,640 --> 00:16:41,000 Speaker 1: find us at radio dot com and I Heart Radio. 305 00:16:41,160 --> 00:16:48,840 Speaker 1: I'm Kevin Cerelli. You're listening to Bloomberg. This is Sound 306 00:16:48,880 --> 00:16:53,480 Speaker 1: On with Kevin Currel on Bloomberg and one oh five 307 00:16:53,560 --> 00:16:57,120 Speaker 1: point seven f M h D two, Baltimore. Welcome back, folks. 308 00:16:57,160 --> 00:17:00,200 Speaker 1: I'm Kevin Cerelli, Bloomberg News Chief Washington. Course on It 309 00:17:00,240 --> 00:17:04,320 Speaker 1: from Bloomberg Television and Bloomberg Radio. We were talking earlier 310 00:17:04,359 --> 00:17:08,719 Speaker 1: about the Mueller investigation as well as President Trump's CEPAC speech, 311 00:17:08,760 --> 00:17:13,080 Speaker 1: as well as House Judiciary Committee Chairman Jerry Nadler's foray 312 00:17:13,160 --> 00:17:17,399 Speaker 1: into this trying to get a treasure trove, treasure trove 313 00:17:17,760 --> 00:17:21,320 Speaker 1: of documents as the investigations and the power of the 314 00:17:21,359 --> 00:17:27,320 Speaker 1: Democratic gavel really take shape now investigating into President Trump. 315 00:17:27,400 --> 00:17:33,199 Speaker 1: But perhaps there was really no individual, no lawmaker at 316 00:17:33,320 --> 00:17:38,280 Speaker 1: last week's Michael Cohen hearing other than a freshman congresswoman 317 00:17:38,400 --> 00:17:40,240 Speaker 1: from New York City. You might have heard of her, 318 00:17:40,640 --> 00:17:45,959 Speaker 1: Congresswoman Alexandria Accacio Cortez, who really captured the attention and 319 00:17:46,040 --> 00:17:49,760 Speaker 1: really broke some news. To be honest, at that hearing. 320 00:17:49,800 --> 00:17:53,040 Speaker 1: It's why we are so uh brilled to have our 321 00:17:53,160 --> 00:17:57,639 Speaker 1: next guest chief of staff to AOC. His name is 322 00:17:57,840 --> 00:18:02,040 Speaker 1: Shoycott Chakrabarti Choycotts. Did I get that right? Yeah? That's right? 323 00:18:02,080 --> 00:18:04,960 Speaker 1: All right, good? I was. I appreciate. I was like, 324 00:18:05,000 --> 00:18:07,439 Speaker 1: I don't want to get your name wrong, because, uh, 325 00:18:07,640 --> 00:18:11,760 Speaker 1: your boss needs no introduction. So take me through last 326 00:18:11,880 --> 00:18:16,440 Speaker 1: week in terms of what you think is new, Hoycott 327 00:18:16,920 --> 00:18:20,200 Speaker 1: from that Michael Cohen hearing. As we now head into 328 00:18:20,240 --> 00:18:23,040 Speaker 1: the Jerry Nadler world and into this week, what's new 329 00:18:23,520 --> 00:18:27,160 Speaker 1: for for this Monday. Sure, So you know, I think 330 00:18:27,200 --> 00:18:31,240 Speaker 1: the thing that Alexandria really did and that in that 331 00:18:31,520 --> 00:18:35,400 Speaker 1: hearing was she was laying out the case for subpoena 332 00:18:35,400 --> 00:18:38,199 Speaker 1: in Trump's tax returns and for looking further into his 333 00:18:38,240 --> 00:18:41,600 Speaker 1: financial statements. What we learned was that uh, you know, 334 00:18:41,680 --> 00:18:46,159 Speaker 1: Trump had artificially inflated his assets to commit um uh 335 00:18:46,400 --> 00:18:50,760 Speaker 1: to commit insurance fraud, while artificially deflating his assets to 336 00:18:50,840 --> 00:18:54,240 Speaker 1: commit tax fraud. Right. So, yes, there's a whole Muller 337 00:18:54,280 --> 00:18:57,640 Speaker 1: investigation going on around collusion with Russia, but I think 338 00:18:57,640 --> 00:19:00,800 Speaker 1: there's this other piece of Trump's corre option and and 339 00:19:00,840 --> 00:19:03,800 Speaker 1: really the swamp that is Trump right now, which is 340 00:19:04,240 --> 00:19:07,040 Speaker 1: his his massive amount of the you know, financial dealings 341 00:19:07,080 --> 00:19:09,000 Speaker 1: track siblings. You know, we all know he didn't put 342 00:19:09,080 --> 00:19:12,360 Speaker 1: his uh asses into any sort of blind trust um 343 00:19:12,600 --> 00:19:14,720 Speaker 1: and it could all be tied together, but even on 344 00:19:14,760 --> 00:19:18,320 Speaker 1: its own, it's pretty damning. And I think, uh, I 345 00:19:18,359 --> 00:19:21,720 Speaker 1: think another another thing that Alexandrola hit on and her 346 00:19:21,840 --> 00:19:24,879 Speaker 1: questioning was sort of this idea of Trump really taking 347 00:19:24,880 --> 00:19:28,399 Speaker 1: advantage of the public through his golf courses and and 348 00:19:28,520 --> 00:19:32,000 Speaker 1: using public investment to just create private gain and sort 349 00:19:32,000 --> 00:19:35,000 Speaker 1: of a metaphor for his whole presidency really so, so 350 00:19:35,119 --> 00:19:40,800 Speaker 1: I Shoycott. What I'm really struck by is that your 351 00:19:40,840 --> 00:19:45,159 Speaker 1: boss in particular, has been able to identify a policy 352 00:19:45,240 --> 00:19:50,080 Speaker 1: prescription regardless of whether of Republicans or Democrats agree or 353 00:19:50,160 --> 00:19:55,440 Speaker 1: disagree with it. You associate the New Green Deal with AOC. Meanwhile, 354 00:19:55,600 --> 00:19:59,240 Speaker 1: she's also been able to go on the offensive or 355 00:19:59,240 --> 00:20:03,760 Speaker 1: at least drive questions pertaining to the the Mutherer investigation 356 00:20:03,920 --> 00:20:08,120 Speaker 1: or the tax issue. Do you think that Democrats are 357 00:20:08,160 --> 00:20:10,800 Speaker 1: at risk at all of I don't want to say 358 00:20:10,840 --> 00:20:12,879 Speaker 1: over playing their hand, but of overplaying their hand for 359 00:20:12,960 --> 00:20:16,120 Speaker 1: lack of a better term, but seriously in terms of 360 00:20:16,640 --> 00:20:19,399 Speaker 1: maybe not focusing enough on the policy, but and and 361 00:20:19,480 --> 00:20:21,639 Speaker 1: too much on the investigations. Or do you think the 362 00:20:21,640 --> 00:20:24,399 Speaker 1: public can can handle both? I think I think the 363 00:20:24,400 --> 00:20:26,480 Speaker 1: public can handle both. And in fact, I think that's 364 00:20:26,480 --> 00:20:28,880 Speaker 1: actually one thing my boss has sort of been able 365 00:20:28,920 --> 00:20:31,920 Speaker 1: to do, you know, So she's both. She has kind 366 00:20:31,920 --> 00:20:33,720 Speaker 1: of shown this example of how do you create a 367 00:20:33,760 --> 00:20:36,440 Speaker 1: movement around a positive vision, which is what the Green 368 00:20:36,480 --> 00:20:39,119 Speaker 1: New Deal as a sort of this alternate vision for 369 00:20:39,160 --> 00:20:42,000 Speaker 1: what our future could be um while at the same 370 00:20:42,000 --> 00:20:45,040 Speaker 1: time doing the nitty gritty hard work of being a legislator, 371 00:20:45,080 --> 00:20:47,480 Speaker 1: which in her case, because she's on the Oversight Committee, 372 00:20:47,520 --> 00:20:51,200 Speaker 1: includes running oversight. And I'll be honest, you know, one 373 00:20:51,240 --> 00:20:53,600 Speaker 1: reason she's able to do both and kind of walk 374 00:20:53,600 --> 00:20:55,800 Speaker 1: and chew gum at the same time is she doesn't 375 00:20:55,800 --> 00:20:58,600 Speaker 1: spend any time raising money from donors, right, she doesn't 376 00:20:58,760 --> 00:21:01,439 Speaker 1: do any call time. She spent a whole lot of 377 00:21:01,480 --> 00:21:04,560 Speaker 1: time preparing for these hearings and reading and getting policy 378 00:21:04,600 --> 00:21:07,440 Speaker 1: briefings and and really educating herself before she walks in 379 00:21:07,440 --> 00:21:10,160 Speaker 1: the room. She also, for all of these hearings, she's 380 00:21:10,359 --> 00:21:13,680 Speaker 1: days the entire time, so she uh learns what's going 381 00:21:13,720 --> 00:21:15,600 Speaker 1: on the whole day. She learns everything all the witnesses 382 00:21:15,600 --> 00:21:18,600 Speaker 1: have to say. So she takes us really seriously, and 383 00:21:18,640 --> 00:21:21,080 Speaker 1: I think is showing, you know, kind of setting an 384 00:21:21,080 --> 00:21:25,440 Speaker 1: example of what's possible when when your government really does 385 00:21:25,560 --> 00:21:28,520 Speaker 1: work and work. She reminds me her first year and 386 00:21:28,640 --> 00:21:30,800 Speaker 1: it's only been like two months, but it reminds me 387 00:21:30,840 --> 00:21:33,520 Speaker 1: of of when Senator Elizabeth Warren first came onto the 388 00:21:33,520 --> 00:21:36,560 Speaker 1: Senate Banking Committee, and it was it was a similar 389 00:21:36,600 --> 00:21:40,439 Speaker 1: type of political style and also a similar type of 390 00:21:40,520 --> 00:21:45,080 Speaker 1: questioning style. Uh though clearly they have some some differences, Showycott. 391 00:21:45,160 --> 00:21:49,840 Speaker 1: Chakrabarti is chief of staff to Congresswoman Alexandria Acasio Cortes, 392 00:21:49,960 --> 00:21:53,240 Speaker 1: the progressive from New York. We were talking about the 393 00:21:53,320 --> 00:21:55,600 Speaker 1: Mueller investigation. I want to get to the economy. We 394 00:21:55,600 --> 00:21:58,800 Speaker 1: were talking about the Green New Deal, Showycott. I'm sure 395 00:21:58,840 --> 00:22:01,000 Speaker 1: you caught a little bit. How could you miss it? 396 00:22:01,040 --> 00:22:03,760 Speaker 1: A President Trump's Sea pack speech over the weekend more 397 00:22:03,800 --> 00:22:07,600 Speaker 1: than two hours, two hours he was going off prompter. 398 00:22:07,720 --> 00:22:10,120 Speaker 1: We were playing some of that earlier on in the program. 399 00:22:10,280 --> 00:22:11,560 Speaker 1: I want to play for you what he had to 400 00:22:11,600 --> 00:22:15,760 Speaker 1: say about the economy and economic vision. Uh. He took 401 00:22:15,760 --> 00:22:18,000 Speaker 1: it as a chance to attack not a OC but 402 00:22:18,320 --> 00:22:20,600 Speaker 1: well here's the clip. Take a listen to President Trump, 403 00:22:21,200 --> 00:22:24,920 Speaker 1: not to talk badly about the other administration. But if 404 00:22:24,920 --> 00:22:29,200 Speaker 1: that theory went forward with Crooked Hillary winning the election, 405 00:22:29,800 --> 00:22:33,360 Speaker 1: instead of being up almost fifty percent with the stock market, 406 00:22:33,520 --> 00:22:38,440 Speaker 1: you would have been down. Okay, Showycott. So the President 407 00:22:38,640 --> 00:22:43,520 Speaker 1: has has really tried to define the economic vision on 408 00:22:43,600 --> 00:22:46,960 Speaker 1: his terms. He's drawn on the stock market, he's drawn 409 00:22:47,119 --> 00:22:51,560 Speaker 1: on the tax plan. He's also, as you know, criticized 410 00:22:52,080 --> 00:22:56,280 Speaker 1: democratic socialism. What is your response to that? To those 411 00:22:56,320 --> 00:22:58,960 Speaker 1: attacks like the one we just heard from President Trump 412 00:22:58,960 --> 00:23:02,040 Speaker 1: at Sea Pack. Mean, I don't know why we still 413 00:23:02,080 --> 00:23:06,199 Speaker 1: listen to him sometimes, but uh so, so here's the thing, right, 414 00:23:06,240 --> 00:23:08,360 Speaker 1: he also he also went on tangent about the Green 415 00:23:08,440 --> 00:23:13,560 Speaker 1: New Deal and um, and what there's two pieces. One is, 416 00:23:13,800 --> 00:23:15,919 Speaker 1: you know, Donald Trump's presidency is feeling some of the 417 00:23:15,960 --> 00:23:18,840 Speaker 1: after effects of what happened during the Obama presidency in 418 00:23:18,920 --> 00:23:23,240 Speaker 1: terms of the economy. But also, um, the you know, 419 00:23:23,320 --> 00:23:25,800 Speaker 1: we have to look at real wage growth, which yes, 420 00:23:25,840 --> 00:23:28,760 Speaker 1: there's been a tiny amount of real wage growth, but 421 00:23:29,119 --> 00:23:32,600 Speaker 1: not enough. And we've also got to look at, uh, 422 00:23:32,720 --> 00:23:35,160 Speaker 1: the number of people who you know, the actual other 423 00:23:35,200 --> 00:23:37,720 Speaker 1: economic indicators like life expectancy in this country, which is 424 00:23:37,760 --> 00:23:40,400 Speaker 1: still continue to dip down, or you know, mother mortality 425 00:23:40,480 --> 00:23:43,560 Speaker 1: rates or opioid addiction. Um, we still spend more on 426 00:23:43,680 --> 00:23:46,920 Speaker 1: healthcare with worse outcomes than almost every other developed nations. 427 00:23:46,960 --> 00:23:51,120 Speaker 1: So you can't just look at GDP and say that's 428 00:23:51,119 --> 00:23:54,119 Speaker 1: the whole picture, you know, that's uh, that's our economy. Uh, 429 00:23:54,160 --> 00:23:57,280 Speaker 1: there's a whole host of factors that affect that number. Right, 430 00:23:57,359 --> 00:24:00,680 Speaker 1: And so the thing about the thing I find really fascinating, 431 00:24:00,680 --> 00:24:03,080 Speaker 1: and especially you know, some of what he said about 432 00:24:03,080 --> 00:24:06,480 Speaker 1: the Greeny Deals. The entire GOP and and Donald Trump, 433 00:24:06,520 --> 00:24:09,320 Speaker 1: they're trying to paint the Green New Deal in the 434 00:24:09,359 --> 00:24:13,000 Speaker 1: opposite of what it is. They're there. What we're talking 435 00:24:13,000 --> 00:24:15,199 Speaker 1: about what the Green Deal is a massive mobilization on 436 00:24:15,240 --> 00:24:18,040 Speaker 1: scale World War two? And we actually look at what 437 00:24:18,200 --> 00:24:19,760 Speaker 1: is that? What what was What do we do in 438 00:24:19,800 --> 00:24:22,119 Speaker 1: World War Two? Well, we create the biggest middle class 439 00:24:22,160 --> 00:24:24,679 Speaker 1: for the US I've ever seen, right, UH is similar 440 00:24:24,720 --> 00:24:27,320 Speaker 1: to the kind of mobilization, not you know, in scale, 441 00:24:27,359 --> 00:24:29,240 Speaker 1: but the kind of thing we did with the moon Shot, 442 00:24:29,280 --> 00:24:31,720 Speaker 1: with JFK moon Shot, where we create all these industries 443 00:24:31,720 --> 00:24:34,720 Speaker 1: and all these new industry, you know, new infrastructure and 444 00:24:34,760 --> 00:24:37,560 Speaker 1: new technologies to get to the moon something that we 445 00:24:37,640 --> 00:24:40,320 Speaker 1: could not technologically do UM at the time that JFK 446 00:24:40,480 --> 00:24:42,880 Speaker 1: call for it. And so the Green New Deals talk 447 00:24:42,920 --> 00:24:45,520 Speaker 1: about that kind of mindset of massive investment, of shooting 448 00:24:45,520 --> 00:24:48,440 Speaker 1: for a big project of developing our our wealth and 449 00:24:48,800 --> 00:24:52,359 Speaker 1: UH and then sharing it equitably UM and And on 450 00:24:52,400 --> 00:24:54,760 Speaker 1: the flip side, you've got Donald Trump who wants to 451 00:24:54,840 --> 00:24:57,160 Speaker 1: kick out immigrants, which is actually one of the ways 452 00:24:57,200 --> 00:24:59,320 Speaker 1: you grow the economy. As you you you get more, 453 00:24:59,520 --> 00:25:01,119 Speaker 1: you need labor, you need people to come to the 454 00:25:01,200 --> 00:25:02,840 Speaker 1: cony and help us grow the nation together. If you 455 00:25:02,960 --> 00:25:05,280 Speaker 1: have something, put them to work. Shoycott Chakra Barti is 456 00:25:05,320 --> 00:25:08,560 Speaker 1: chief of staff. To conquer someone Alexandria Acastio Cortez, the 457 00:25:08,640 --> 00:25:12,080 Speaker 1: freshman lawmaker Democratic Socialists from New York. One more question 458 00:25:12,119 --> 00:25:13,680 Speaker 1: for you. You've been so generous with your time. We 459 00:25:13,680 --> 00:25:15,639 Speaker 1: appreciated come and visit us here in the d C 460 00:25:15,720 --> 00:25:19,199 Speaker 1: Bureau when you're back in d C. Uh Shoycott, the 461 00:25:19,280 --> 00:25:23,159 Speaker 1: issue of of the term socialism and democratic socialist? What 462 00:25:23,359 --> 00:25:26,800 Speaker 1: define that for for our audience who might be still 463 00:25:26,880 --> 00:25:30,240 Speaker 1: unfamiliar with that term? And the second part of that question, 464 00:25:30,280 --> 00:25:34,040 Speaker 1: do you think that that progressives have been successful in 465 00:25:34,400 --> 00:25:39,280 Speaker 1: separating the term socialism and defining it in American terms 466 00:25:39,640 --> 00:25:43,200 Speaker 1: as opposed to the negative impacts of socialism that we've 467 00:25:43,240 --> 00:25:46,199 Speaker 1: seen in other countries. Yeah, you know, I think I 468 00:25:46,200 --> 00:25:49,520 Speaker 1: think there's well to two questions of the first definition 469 00:25:49,520 --> 00:25:52,480 Speaker 1: of democrats socialism and what what Alexandra means when she 470 00:25:52,520 --> 00:25:54,879 Speaker 1: says that is she's literally saying that in a country 471 00:25:54,880 --> 00:25:57,479 Speaker 1: that is the richest country in the history of the world, 472 00:25:57,560 --> 00:26:00,080 Speaker 1: where we have so much wealth and the ability to 473 00:26:00,119 --> 00:26:03,120 Speaker 1: produce more wealth, Um, people shouldn't be too poor to live. 474 00:26:03,320 --> 00:26:06,320 Speaker 1: People should be able to have basics like healthcare and 475 00:26:06,600 --> 00:26:10,199 Speaker 1: food and clothing and adequate housing. Um. And we can 476 00:26:10,240 --> 00:26:12,160 Speaker 1: afford to do that. It's a it's a matter of priorities. 477 00:26:12,160 --> 00:26:14,920 Speaker 1: And you've got uh, you know, developing countries like Sri 478 00:26:15,000 --> 00:26:18,440 Speaker 1: Lanka that are able to uh have universal healthcare. Why 479 00:26:18,440 --> 00:26:21,199 Speaker 1: can't we as the US really not as able to 480 00:26:21,280 --> 00:26:24,040 Speaker 1: comp something that as Sri Lanka and so uh? And 481 00:26:24,080 --> 00:26:28,600 Speaker 1: then you know the second part, like we're the problems 482 00:26:28,640 --> 00:26:32,399 Speaker 1: with countries. You know, the what the GOP points to, 483 00:26:32,600 --> 00:26:36,359 Speaker 1: like the Venezuelas their world is not socialism. It's it's authoritarianism. 484 00:26:36,400 --> 00:26:39,480 Speaker 1: It's mismanagement of government. That's what really has causic and 485 00:26:39,600 --> 00:26:42,800 Speaker 1: art decline. And we look to countries like Denmark or Norway, 486 00:26:42,880 --> 00:26:44,640 Speaker 1: or the UK or Sweden where they have a strong 487 00:26:44,720 --> 00:26:49,240 Speaker 1: social safety net, Germany, right and uh and and see 488 00:26:49,359 --> 00:26:52,359 Speaker 1: what they're doing, actual solutions to the problems that we're facing, 489 00:26:52,359 --> 00:26:55,000 Speaker 1: that they've matches all. Why not borrow some ideas and 490 00:26:55,000 --> 00:26:58,520 Speaker 1: and try some solutions out. It's it's fascinating fascinating to 491 00:26:58,520 --> 00:27:01,920 Speaker 1: to see the policy just how your boss, how your 492 00:27:01,920 --> 00:27:07,040 Speaker 1: team has really really shaken up the policy debate in Washington. UH. 493 00:27:07,080 --> 00:27:09,680 Speaker 1: And it's I'm sure we'll be talking with you much 494 00:27:09,680 --> 00:27:12,280 Speaker 1: more in the future. Showycott Chakra Bartie, Chief of Staff 495 00:27:12,320 --> 00:27:15,639 Speaker 1: to Congress from Alexandria Accacio Cortez. Appreciate you coming on. 496 00:27:15,800 --> 00:27:17,600 Speaker 1: I hope you'll come back on. Hope you'll bring your 497 00:27:17,600 --> 00:27:20,400 Speaker 1: boss uh and UH and we can dive all into 498 00:27:20,400 --> 00:27:23,160 Speaker 1: the specifics of the Green New Deal UH and really 499 00:27:23,200 --> 00:27:25,720 Speaker 1: the economic vision for the Democratic Party because it it 500 00:27:25,800 --> 00:27:29,679 Speaker 1: really is a fascinating time, particularly at the cusp of 501 00:27:29,680 --> 00:27:33,040 Speaker 1: a new presidential cycle coming up. We're gonna get reaction 502 00:27:33,119 --> 00:27:35,719 Speaker 1: from our all star panel. Uh. And we're also going 503 00:27:35,760 --> 00:27:38,800 Speaker 1: to dive into more of the policy prescriptions from what 504 00:27:38,840 --> 00:27:41,040 Speaker 1: President Trump had to say at Sepack, as well as 505 00:27:41,080 --> 00:27:43,560 Speaker 1: take a look at the US China trade deal. You 506 00:27:43,560 --> 00:27:47,000 Speaker 1: can check us out on iTunes, at Bloomberg dot com 507 00:27:47,160 --> 00:27:49,520 Speaker 1: or by downloading the Bloomberg Business app. You can also 508 00:27:49,560 --> 00:27:52,560 Speaker 1: find us at radio dot com and I Heart Radio. 509 00:27:52,640 --> 00:28:09,199 Speaker 1: I'm Kevin Crelli. You're listening to Bloomberg. Welcome back, folks. 510 00:28:09,200 --> 00:28:13,480 Speaker 1: I'm Kevin Sirelli, Bloombergner's chief Washington correspondent for Bloomberg Television 511 00:28:13,640 --> 00:28:16,959 Speaker 1: and Bloomberg Radio with me for the hour as we 512 00:28:17,000 --> 00:28:20,720 Speaker 1: sort through a new week in Washington, Matt Gorman Republican 513 00:28:20,800 --> 00:28:25,840 Speaker 1: strategists and Jennifer Holdsworth Democratic strategists. And that music, well, 514 00:28:26,119 --> 00:28:28,760 Speaker 1: if you know the iconic song from nine O two 515 00:28:28,760 --> 00:28:32,080 Speaker 1: one oh, Luke Perry, actor who became a teen nightl 516 00:28:32,160 --> 00:28:34,520 Speaker 1: on Beverly Hills nine O two one oh, passed away 517 00:28:35,040 --> 00:28:37,920 Speaker 1: at fifty two, Jennifer, I played that for you because 518 00:28:37,960 --> 00:28:40,440 Speaker 1: I know that you are big nine O two one 519 00:28:40,520 --> 00:28:44,120 Speaker 1: oh family to collect myself after hearing the music in 520 00:28:44,200 --> 00:28:46,720 Speaker 1: order to respond to your questions, Yes, it's such a 521 00:28:46,840 --> 00:28:50,120 Speaker 1: sad day, Luke Perry passed away. Not You're more of 522 00:28:50,160 --> 00:28:56,680 Speaker 1: a guy before my time, way before my time. And 523 00:28:56,720 --> 00:28:59,120 Speaker 1: I had to say because I was traveling overseas, so 524 00:28:59,160 --> 00:29:02,720 Speaker 1: we touched a little pop culture. I almost asked AOC 525 00:29:03,000 --> 00:29:05,640 Speaker 1: chief of staff in the last segment about what his 526 00:29:05,720 --> 00:29:11,040 Speaker 1: thoughts were on Bryce Harper's three hundred and thirty million dollar, 527 00:29:11,480 --> 00:29:14,360 Speaker 1: thirteen year contract to my Philadelphia Phillies. That's a lot 528 00:29:14,360 --> 00:29:18,000 Speaker 1: of money, Harper. Hope he can deliver. Uh. And meanwhile, 529 00:29:18,040 --> 00:29:20,880 Speaker 1: I just learned that the Jaguars are still moving ahead 530 00:29:20,880 --> 00:29:24,400 Speaker 1: to to sign Nick Foles all right back to politics. 531 00:29:24,440 --> 00:29:26,680 Speaker 1: But I just s it's that sad. Nick Foles is 532 00:29:26,680 --> 00:29:32,000 Speaker 1: my guy, Like, come on, Dylan McKay forever. Um, what 533 00:29:32,080 --> 00:29:34,560 Speaker 1: do you think, Jennifer from from ANC's chief of staff. 534 00:29:34,600 --> 00:29:38,800 Speaker 1: We we heard him define democratic socialism. What would you 535 00:29:38,800 --> 00:29:43,520 Speaker 1: make of that? It's frustrating? Um. I I think that 536 00:29:43,640 --> 00:29:47,960 Speaker 1: all of the policy proposals are great. They're aspirational. It's 537 00:29:48,000 --> 00:29:52,800 Speaker 1: actually stuff contrary to the left popular belief that mainstream 538 00:29:52,840 --> 00:29:55,200 Speaker 1: Democrats have been talking about for years. You want to 539 00:29:55,200 --> 00:29:56,880 Speaker 1: talk about a green new deal, look at the work 540 00:29:56,880 --> 00:29:59,480 Speaker 1: that Congressman Frank Polone from New Jersey has been doing 541 00:30:00,040 --> 00:30:03,800 Speaker 1: in terms of environmentalism. So, you know, while I certainly 542 00:30:03,840 --> 00:30:08,320 Speaker 1: applaud the sentiment behind some of these legislative proposals, you know, 543 00:30:08,800 --> 00:30:11,760 Speaker 1: I can't but help be terrified of the way the 544 00:30:11,760 --> 00:30:15,440 Speaker 1: progressives in Congress both explain and comport themselves. Now, what 545 00:30:15,480 --> 00:30:17,760 Speaker 1: do you make of that? I mean, so it seems 546 00:30:17,760 --> 00:30:19,880 Speaker 1: like a nice guy. But what my ears perked up 547 00:30:19,920 --> 00:30:23,440 Speaker 1: was when he said that Sri Lanka has universal health 548 00:30:23,440 --> 00:30:26,080 Speaker 1: care and we don't. Why does Sri Lanka have it 549 00:30:26,160 --> 00:30:28,760 Speaker 1: and we don't? Look at Sri Lanka has terrible healthcare. 550 00:30:29,160 --> 00:30:31,520 Speaker 1: There's a report from a Sri Lankan think tank that 551 00:30:31,560 --> 00:30:35,520 Speaker 1: says long waits are fairly commonplace. Doctor's rotate between six 552 00:30:35,560 --> 00:30:39,760 Speaker 1: and seven hospitals a day. So look, if you want 553 00:30:39,760 --> 00:30:41,560 Speaker 1: to go to Sri Lanka to get your treat your illness, 554 00:30:41,640 --> 00:30:43,880 Speaker 1: go for it. I'll go to stay in America. And 555 00:30:43,880 --> 00:30:46,080 Speaker 1: plus they got two million dollars from the World Bank 556 00:30:46,240 --> 00:30:48,440 Speaker 1: to prop up their health care system. So I have 557 00:30:48,600 --> 00:30:51,560 Speaker 1: no idea what he was talking about there, But look, 558 00:30:51,960 --> 00:30:54,960 Speaker 1: I just think in a lot of respects AO C 559 00:30:55,320 --> 00:30:58,680 Speaker 1: S and her staff are falling in the same type 560 00:30:58,680 --> 00:31:02,160 Speaker 1: of traps that they seem to accuse Republicans of right. 561 00:31:02,320 --> 00:31:04,280 Speaker 1: They talk about how they got to drain the swamp, 562 00:31:04,320 --> 00:31:06,880 Speaker 1: and yet you know, Soyka he has these you know, 563 00:31:07,040 --> 00:31:09,959 Speaker 1: packs that are following money to his LLC. They're paying 564 00:31:10,360 --> 00:31:13,360 Speaker 1: AOC's boyfriend. I just think there's a lot of kind 565 00:31:13,400 --> 00:31:15,400 Speaker 1: of skeptical nous and a lot of things that need 566 00:31:15,440 --> 00:31:17,240 Speaker 1: be dug in on, and they've pushed back on that. 567 00:31:17,320 --> 00:31:18,640 Speaker 1: I do want to I want to present the other 568 00:31:18,680 --> 00:31:21,840 Speaker 1: side there. They've their office has said that they've that 569 00:31:21,920 --> 00:31:24,200 Speaker 1: they've been by the book in terms of that Jennifer 570 00:31:24,240 --> 00:31:28,160 Speaker 1: in terms of in terms of the defining the issue 571 00:31:28,200 --> 00:31:31,720 Speaker 1: of socialism, what did you think of his answer specifically 572 00:31:31,720 --> 00:31:34,600 Speaker 1: with that to Matt's point on on the the Sri 573 00:31:34,760 --> 00:31:37,560 Speaker 1: Lanka healthcare and but but defining socialism, do you think 574 00:31:37,560 --> 00:31:40,880 Speaker 1: that that they've been able to separate democratic socialism and 575 00:31:40,920 --> 00:31:44,240 Speaker 1: what that means from you know, the Venezuelas of the world. No, 576 00:31:44,560 --> 00:31:47,400 Speaker 1: they haven't. They absolutely have not. It's going to be 577 00:31:47,440 --> 00:31:51,280 Speaker 1: the biggest, the number one biggest impediments of Democrats winning 578 00:31:51,280 --> 00:31:52,960 Speaker 1: back the White House. And I don't know if you 579 00:31:52,960 --> 00:31:55,480 Speaker 1: saw this NewYork Magazine today said when did everybody become 580 00:31:55,520 --> 00:31:58,120 Speaker 1: a socialist? Well, if you're only talking to other socialists 581 00:31:58,120 --> 00:32:03,560 Speaker 1: in Brooklyn, yeah, of course, then everyone's going the social clearly, don't. 582 00:32:05,200 --> 00:32:06,959 Speaker 1: One of the one of the really interesting things in 583 00:32:07,000 --> 00:32:08,920 Speaker 1: the interview of the one of the people on the 584 00:32:09,040 --> 00:32:12,600 Speaker 1: sidebar story was we want to make once we tell 585 00:32:12,640 --> 00:32:15,520 Speaker 1: Trump voters was alluding to that America is not a 586 00:32:15,560 --> 00:32:18,320 Speaker 1: special country. I'm paraphrasing here, but there's an exact quote 587 00:32:18,360 --> 00:32:20,280 Speaker 1: that you can look up. Then they will start to 588 00:32:20,320 --> 00:32:22,720 Speaker 1: realize and be susceptible to our message. And this is 589 00:32:22,760 --> 00:32:25,040 Speaker 1: what Bernie says, in his stump, I would you know, 590 00:32:25,160 --> 00:32:28,160 Speaker 1: Scandinavias free healthcare, we need to be more like Scandinavia 591 00:32:28,240 --> 00:32:32,160 Speaker 1: free college. I think that is a very, very fundamental 592 00:32:32,200 --> 00:32:35,840 Speaker 1: difference between I think most Trump voters and most Republicans 593 00:32:36,040 --> 00:32:38,000 Speaker 1: and a lot of the socialists in terms of American 594 00:32:38,360 --> 00:32:40,360 Speaker 1: I want to touch on trade policy because it does, 595 00:32:40,400 --> 00:32:42,960 Speaker 1: I think, actually get to the crux of the progressive 596 00:32:42,960 --> 00:32:45,280 Speaker 1: movement right now, and it is that split issue where 597 00:32:45,320 --> 00:32:48,920 Speaker 1: Democrats and rope and the Trump movement sort of a line. 598 00:32:49,360 --> 00:32:52,720 Speaker 1: There does seem to be a breakthrough on the US 599 00:32:52,840 --> 00:32:55,000 Speaker 1: China trade policy, and we'll get much more into the 600 00:32:55,000 --> 00:32:58,360 Speaker 1: specifics of this on tomorrow's program, but it would appear 601 00:32:58,440 --> 00:33:01,600 Speaker 1: that there's a tear of truth truce, uh and President 602 00:33:01,640 --> 00:33:05,120 Speaker 1: Trump has said that they would be willing to remove 603 00:33:05,200 --> 00:33:07,200 Speaker 1: some of the tariffs he imposed last year on the 604 00:33:07,200 --> 00:33:10,680 Speaker 1: two billion dollars worth of goods if China backs off 605 00:33:10,720 --> 00:33:13,840 Speaker 1: on autos. I wanted to touch on that Jennifer very 606 00:33:13,920 --> 00:33:16,120 Speaker 1: quickly and like the less than a minute or so 607 00:33:16,200 --> 00:33:18,320 Speaker 1: that we have, because that would appear to be a 608 00:33:18,320 --> 00:33:21,880 Speaker 1: major economic win for this president if he can deliver 609 00:33:22,560 --> 00:33:25,560 Speaker 1: a movement on trade but China, it would be but 610 00:33:25,680 --> 00:33:28,560 Speaker 1: I think this president has a very hard time understanding 611 00:33:28,560 --> 00:33:31,640 Speaker 1: the fundamentals of tariffs. He doesn't even actually know how 612 00:33:31,680 --> 00:33:35,080 Speaker 1: they work. So in order to uh, you know, legislator, 613 00:33:35,240 --> 00:33:37,840 Speaker 1: legist or or litigate a kind of deal, he would 614 00:33:37,840 --> 00:33:40,840 Speaker 1: actually have to understand how they're hurting consumers in America. 615 00:33:40,880 --> 00:33:43,080 Speaker 1: All right, I want to thank Jennifer Holdsworth, the Democratic 616 00:33:43,080 --> 00:33:47,320 Speaker 1: strategists and Matt Gorman Republican strategists targeted Victory for for 617 00:33:47,400 --> 00:33:49,760 Speaker 1: coming on for for helping us sort through all of this, 618 00:33:50,200 --> 00:33:55,000 Speaker 1: as well as all of our guests, including uh Shoycott Chakrabarti, 619 00:33:55,080 --> 00:33:57,880 Speaker 1: chief of staff to Alexandria Accassio Cortez. I do want 620 00:33:57,880 --> 00:34:01,960 Speaker 1: to give another shout out to Matt Burley, Reggie basil Ko, 621 00:34:02,120 --> 00:34:05,640 Speaker 1: Bob Bragg, Charlie Valmer, and of course Christine Barata for 622 00:34:05,680 --> 00:34:08,080 Speaker 1: all of their incredible hard week. I ran out of 623 00:34:08,120 --> 00:34:11,359 Speaker 1: time last week, uh to really say, just a team 624 00:34:11,400 --> 00:34:14,600 Speaker 1: effort that it took to deliver those shows from Vietnam. 625 00:34:14,719 --> 00:34:16,600 Speaker 1: It was a true team effort, and I have an 626 00:34:16,640 --> 00:34:19,680 Speaker 1: immense amount of gratitude to be a part of that team. 627 00:34:19,719 --> 00:34:23,280 Speaker 1: Coming up tomorrow, much more on US China trade policy. 628 00:34:23,360 --> 00:34:26,040 Speaker 1: Thanks for listening. I'm back in the States, Kevin CILLI, 629 00:34:26,120 --> 00:34:27,320 Speaker 1: you're listening to Bloomberg.