WEBVTT - Former US House Speaker Kevin McCarthy Talks Trump's Appointments

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. As we speak, we

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<v Speaker 1>know that the nominations for Trump's cabinet is coming false

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<v Speaker 1>and furious. Let's get perspective. Kevin McCaughey, from a US

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<v Speaker 1>House speaker, joins me at this time, speakers, thank you

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<v Speaker 1>for joining us. You know we've had names like Rubio, Walt's, Gates,

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<v Speaker 1>even I mean, how do you make what do you

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<v Speaker 1>make off the choices so far?

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<v Speaker 2>I think choices are very good except one. Look, Gates

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<v Speaker 2>won't get confirmed. Everybody knows that. But when you look

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<v Speaker 2>at a Rubio, just the knowledge that he has being

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<v Speaker 2>in the Intel Committee, I was on the Gang of Eight,

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<v Speaker 2>and his understanding even when you listen to the other

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<v Speaker 2>side of the aisle, they say he'll make a great

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<v Speaker 2>Secretary of State. So that's strong for me. A Waltz

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<v Speaker 2>just his background from a Green Beret and others being

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<v Speaker 2>the but John Radcliffe at CIA, former DNI, that's very strong.

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<v Speaker 2>And the difference is to what was eight years ago. Today,

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<v Speaker 2>President Trump understands job, he knows the people that he

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<v Speaker 2>needs around him to get there, and I think he's

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<v Speaker 2>gonna be much better prepared because he only has one term.

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<v Speaker 2>But he'll he'll hit the ground running this time.

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<v Speaker 1>You say Gates will not be confirmed, Why bother with

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<v Speaker 1>the nomination?

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<v Speaker 2>Then you can talk to the president. But it's a

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<v Speaker 2>good it's it's a good deflection from others. But it

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<v Speaker 2>also gives I'll let us stand there with that.

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<v Speaker 1>No, I mean, just provide us some thinking into you

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<v Speaker 1>know what Trump had in mind when he made that nomination.

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<v Speaker 1>Is it a case so if you know you win

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<v Speaker 1>some looseum it is a negotiating tactic or what's is it?

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<v Speaker 2>You'd have to ask President. But Gates couldn't win in

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<v Speaker 2>a Republican conference, So it doesn't matter when you.

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<v Speaker 1>Take a look at the nomination so far. I mean

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<v Speaker 1>we've seen you know, China hawks for instance. Is that

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<v Speaker 1>an indication of how he will approach the relationship is

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<v Speaker 1>in the US and China.

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<v Speaker 2>Look, I think for those world leaders they have a

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<v Speaker 2>relationship with President Trump, and I think they're probably thankful

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<v Speaker 2>that President Trump won. It brings greater stability around the world,

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<v Speaker 2>but it also says a very clear message that America

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<v Speaker 2>won't be pushed around. And also when it comes to

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<v Speaker 2>economic issues like trade and others, this president wants to negotiate.

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<v Speaker 2>This president wants to have a fair deal and he

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<v Speaker 2>can work with anybody, be it the leader of North

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<v Speaker 2>Korea and stop testing your missiles unless sit down and talk.

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<v Speaker 2>He's willing to sit down and talking about that's a

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<v Speaker 2>different approach that I think is much more successful. And

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<v Speaker 2>I think the world will approach that Putin never invaded

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<v Speaker 2>in another country why President Trump was in office, and

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<v Speaker 2>I think that will those things will stop as well.

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<v Speaker 1>So he's open to negotiation. The fact that he's threatening

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<v Speaker 1>sixty percent tariffs and China, that's a negotiation tool.

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<v Speaker 2>No. But the one thing I will say what President

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<v Speaker 2>Trump is saying is why is America's markets wide open

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<v Speaker 2>for you? And why don't you have China open for America?

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<v Speaker 2>If not, that's not fair. And he's going to stand

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<v Speaker 2>for America first. And I think that's a very smart

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<v Speaker 2>place to be. And it's a new day, it's a

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<v Speaker 2>new leader, and I think it will make the world safer, stronger,

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<v Speaker 2>and a fair negotiations and trade for everybody.

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<v Speaker 1>In the world. So, in terms of executive orders, he's

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<v Speaker 1>talking about how the first day was he sweeping executive

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<v Speaker 1>orders from day one? What do we expect to see.

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<v Speaker 2>Well, that's not unusual for any president. But what he's

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<v Speaker 2>going to do is exactly what he campaigned on a promise.

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<v Speaker 2>He's going to secure our border. And he has to

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<v Speaker 2>put sweeping executives' orders into secure our border because the

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<v Speaker 2>whole reason why the American border got wide open just

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<v Speaker 2>because the executive orders of Joe Biden. So he's got

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<v Speaker 2>to wipe that away. He's going to make to unshackle

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<v Speaker 2>what holds back America's economy. Okay, so that's from regulation.

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<v Speaker 2>How can we make sure we get a better place.

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<v Speaker 2>He's also going to make sure government for all Americans

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<v Speaker 2>is more efficient, more accountable in the process, and that's

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<v Speaker 2>a whole new look that American hasn't had since the

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<v Speaker 2>forties when we've got to transform and do something big,

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<v Speaker 2>and he's bringing the best and brightest minds. I was

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<v Speaker 2>just texting with Elon was texting me this morning. I mean,

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<v Speaker 2>think about having the brain of Elon Musk to sacrifice

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<v Speaker 2>his time away from his businesses to help every single

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<v Speaker 2>American make government more efficient, more accountable, and actually deliver

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<v Speaker 2>the job that we're supposed to do.

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<v Speaker 1>You talk about Elon, you brought the two together Elon

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<v Speaker 1>Mosk and President Trum You have a great understanding of

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<v Speaker 1>how he thinks and what he's able to do. Isn't

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<v Speaker 1>there though a conflict of interest? This is a man

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<v Speaker 1>who's benefited in a huge way in terms of billions

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<v Speaker 1>of government contracts. How is that not a conflict of interest?

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<v Speaker 2>Your question's all wrong. Who's benefited America? America didn't have

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<v Speaker 2>an engine a rocket to go to space. Elon built it.

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<v Speaker 2>America just had a hurricane and they couldn't get the

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<v Speaker 2>Internet if it wasn't for Elon Starlink. When you think

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<v Speaker 2>of the environment and Tesla the number one selling car

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<v Speaker 2>in America, Elon doesn't benefit from government. America has benefited

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<v Speaker 2>from Elon and for Elon to sacrifice his time away

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<v Speaker 2>from business because he cares about a country that opened

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<v Speaker 2>up those arms that he immigrated to that we are

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<v Speaker 2>so proud of. I know it doesn't matter where you

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<v Speaker 2>stood in the political spectrum, but when you watched in

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<v Speaker 2>the middle of the campaign that Elon sent a rocket

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<v Speaker 2>to space reusable came back and grabbed it and nobody

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<v Speaker 2>else in the world can do it. And that wasn't government,

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<v Speaker 2>that was SpaceX. So people who benefit is American from Elon.

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<v Speaker 2>It's not the other way around.

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<v Speaker 1>But some can argue that Elon will benefit from easing

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<v Speaker 1>regulation intag in cryptocurrencies. I mean, take a look at

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<v Speaker 1>how deuts coin did when you know his department was

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<v Speaker 1>called Deutsche as a short form. I mean, it went

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<v Speaker 1>not more than seven hundred percent. Surely that is a benefit.

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<v Speaker 1>Surely he stands to gain in terms of policies easing

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<v Speaker 1>policies in things like technology.

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<v Speaker 2>Well, I take it you never met Elon, because you

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<v Speaker 2>would never You would have never said that. The thing

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<v Speaker 2>about Elon, he's a Thomas Edison. He doesn't care about wealth.

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<v Speaker 2>He likes to invent and create the world to be better.

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<v Speaker 2>So if you ever spent time with him, you would

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<v Speaker 2>realize that's a whole premise of your question is off.

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<v Speaker 2>He doesn't put where he invests. He doesn't even think

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<v Speaker 2>about that. What he's thinking is how does he make

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<v Speaker 2>the world more sustainable, How does he make the world safer?

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<v Speaker 2>How does he put America in a stronger footing? And

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<v Speaker 2>you know what, the rest of the world helps get

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<v Speaker 2>benefits from that same place. So no, he won't get

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<v Speaker 2>a benefit, but Americans are going to get a benefit,

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<v Speaker 2>and I wish others. I mean, this is a president

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<v Speaker 2>that's not afraid to go to the best and brightest.

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<v Speaker 2>You know, in America, we used to have this thing

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<v Speaker 2>called the Peace Corps where people would volunteer to come back.

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<v Speaker 2>We need a peace Corps in executives who shows government

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<v Speaker 2>how to be more efficient, because you know what that

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<v Speaker 2>will do. It'll save the taxpayer a lot of money.

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<v Speaker 2>He'll make government more efficient and effective for those who

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<v Speaker 2>care the most about it that we need to. And

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<v Speaker 2>it will also put America on a stronger footing so

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<v Speaker 2>the next century could be theirs.

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<v Speaker 1>We've talked about how Trump has learned from his first

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<v Speaker 1>time in governments. How would he do it differently this time?

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<v Speaker 2>Well, I think it's the whole theory of ten thousand hours.

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<v Speaker 2>He only has four years. He has an unbelievable work ethic.

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<v Speaker 2>He also knows where he got stymied and where he

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<v Speaker 2>got held back. So from this part, he's got a

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<v Speaker 2>big agenda. He wants to make sure he gets his

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<v Speaker 2>in a short amount of time. So he's going to

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<v Speaker 2>engage from the very beginning and just look what he's

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<v Speaker 2>doing in transitioner days.

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<v Speaker 1>What can be expected the first hundred days, how will

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<v Speaker 1>it look like.

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<v Speaker 2>I think you'll be shocked by the first one hundred days.

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<v Speaker 2>I think you'll kind of be shocked by the first month.

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<v Speaker 2>And the difference is this president won by such a

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<v Speaker 2>big majority. Okay, no Republican has won a majority like

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<v Speaker 2>this in thirty four years where he captured the Senate

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<v Speaker 2>and he captured the House, and they would not have

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<v Speaker 2>won the majority without President Trump winning the popular vote

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<v Speaker 2>and electoral college by more than three hundred when two

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<v Speaker 2>seventy is the magic number. That is almost a mandate

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<v Speaker 2>from the American people to do the things that he said,

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<v Speaker 2>to curve inflation right, to keep our streets safe again,

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<v Speaker 2>to have a border, but to make sure our military

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<v Speaker 2>is prepared for the future. That's turning the DoD around.

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<v Speaker 2>And he's got the best minds coming in to do that.

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<v Speaker 2>And he doesn't have to sit around to have people

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<v Speaker 2>tell him what to do. He knows the job of

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<v Speaker 2>what needs to happen. He has the relationships around the world.

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<v Speaker 2>I will tell you from the day he won, the

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<v Speaker 2>number of foreign leaders who called me wanting to be

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<v Speaker 2>able to talk to President Trump. President Trump is an

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<v Speaker 2>engaging individual and I think you'll see it from every

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<v Speaker 2>walk of life. And the most interesting thing about him

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<v Speaker 2>is he doesn't need much sleep and he works almost

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<v Speaker 2>twenty hours a day.

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<v Speaker 1>You talked about relationships and those relations whereas the rest

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<v Speaker 1>of the world would be front and center, at least

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<v Speaker 1>for the rest of the world. Ukraine an issue that

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<v Speaker 1>he says that he can deal with in twenty four hours.

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<v Speaker 1>I mean, is that even realistic? Is that even conceivable?

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<v Speaker 2>I think it's conceivable he can deal with Ukraine, and

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<v Speaker 2>I think it's a twenty four hours twenty four hours. Look,

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<v Speaker 2>if you know where President Trump goes, he likes to

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<v Speaker 2>make a point and he gets people's attention that way.

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<v Speaker 2>But I mean, the one thing that he's going to

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<v Speaker 2>say is that Putin invaded another country. Putin never did

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<v Speaker 2>that under the leadership of President Trump. So the world's

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<v Speaker 2>going to become a little safer. I think the President

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<v Speaker 2>has supported the time of Ukraine's ability to protect their

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<v Speaker 2>own nation as well. He's already reach out and talked

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<v Speaker 2>to Zelenski as well. So I think Putin has to

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<v Speaker 2>have a new belief of understanding. He's got to stop

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<v Speaker 2>what he's doing, going around the rest of the world

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<v Speaker 2>doing this and America and the world will be safer

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<v Speaker 2>for it.

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<v Speaker 1>Do you think America on the Trump would be a

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<v Speaker 1>more powerful America and America that you know is able

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<v Speaker 1>to influence the rest of the world. Because we've seen

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<v Speaker 1>how tensions have fled up under the Biden administration. Do

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<v Speaker 1>you see Trump putting a lid on that? And I mean,

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<v Speaker 1>how do you see play out in the next four years.

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<v Speaker 2>It's easy to say what will happen. Look at what

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<v Speaker 2>happened before, look at what the world looked like when

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<v Speaker 2>President Trump was president, and what has happened under President Biden.

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<v Speaker 2>So I mean that's why President Trump won by such

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<v Speaker 2>a large margin. America likes his policies, and I think

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<v Speaker 2>if you win around the world, they'd like the policy too.

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<v Speaker 2>I think the Middle East will calm down. I think

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<v Speaker 2>the world will be safer. I think there'll be more

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<v Speaker 2>economic growth for everybody. And I think from that perspective,

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<v Speaker 2>America is very respectful for every other nation. We also

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<v Speaker 2>understand our values and where we go, and we respect

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<v Speaker 2>other countries' ability to do that as well, So the

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<v Speaker 2>world becomes safer. He's not afraid to speak to anybody,

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<v Speaker 2>and I think communication matters. He's also not afraid to

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<v Speaker 2>point out when other countries are doing things that aren't

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<v Speaker 2>proper around the rest of the world and have those discussions.

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<v Speaker 1>Unconventional also unpredictable, which is a headache for a lot

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<v Speaker 1>of government leaders. I just want to bring the point

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<v Speaker 1>back to where we are at the poclast for him.

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<v Speaker 1>Lots of investors are keepping an eye on that Treasury post.

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<v Speaker 1>Who might that be? And do you have a preference?

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<v Speaker 2>I don't have a preference. Well I might have a

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<v Speaker 2>personal preference, but I don't know that that matters in

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<v Speaker 2>this place. But this is something that the president has

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<v Speaker 2>really studied a lot. He's got a really good team

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<v Speaker 2>going behind it. I think it's probably narrowed down to

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<v Speaker 2>two different people, but the president has the right to

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<v Speaker 2>pick whoever he wants for whatever position, and then they

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<v Speaker 2>got to be confirmed. But I will tell you I

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<v Speaker 2>think he is better prepared in this administration than he

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<v Speaker 2>was eight years ago. The team behind it, and a

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<v Speaker 2>lot of that gets the credit to Howard Ludnik, the

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<v Speaker 2>work he has done and just the history that he

0:11:03.760 --> 0:11:06.880
<v Speaker 2>has from Caunter Fitzgerald, just the personal history that Howard

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<v Speaker 2>has after nine to eleven. The only reason Howard is

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<v Speaker 2>alive today is because it was the first day of

0:11:12.320 --> 0:11:16.000
<v Speaker 2>his son's kindergarten class. But his brother, his best friends,

0:11:16.280 --> 0:11:19.400
<v Speaker 2>his entire firm gets wiped out, and he rebuilds it.

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<v Speaker 2>But he rebuilds it by everybody donating back to the

0:11:22.679 --> 0:11:25.560
<v Speaker 2>families that had lost those loved ones. I mean, that's

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<v Speaker 2>an American story. And so there's so many people like

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<v Speaker 2>that that are willing to sacrifice their time to make

0:11:32.040 --> 0:11:34.920
<v Speaker 2>sure America is better and stronger, and that the Trump

0:11:34.960 --> 0:11:36.320
<v Speaker 2>administration has the best people.

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<v Speaker 1>And we would prefer for you to express your preference,

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<v Speaker 1>no no names.

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<v Speaker 2>I don't want to damage anybody, so I let the

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<v Speaker 2>president just pick. It's his choice, all right.

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<v Speaker 1>Thanks for joining us, Kevin mccafey from my US house.

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<v Speaker 1>Speak of that with me.