1 00:00:02,520 --> 00:00:07,960 Speaker 1: From our nation's capitol. This is Bloomberg's sound on talking 2 00:00:08,000 --> 00:00:11,639 Speaker 1: about a huge issue here is investment in marginalized communities. 3 00:00:11,880 --> 00:00:15,200 Speaker 1: They want to deconstructive package and cherry pick what they 4 00:00:15,240 --> 00:00:18,400 Speaker 1: like what they don't like. China is surgeon powered with 5 00:00:18,560 --> 00:00:24,279 Speaker 1: major investments. Bloomberg sound on the Insiders, the influencers, the insides. 6 00:00:24,760 --> 00:00:28,520 Speaker 1: Siding has comments again and again he will unite the country. 7 00:00:28,640 --> 00:00:31,760 Speaker 1: Who do you think Fiden has to watch in terms 8 00:00:31,760 --> 00:00:35,440 Speaker 1: of moderate defectors in for the doctor has always been 9 00:00:35,560 --> 00:00:42,000 Speaker 1: buy part offender Zloomberg sound on on Bloomberg Radio. Talks 10 00:00:42,080 --> 00:00:46,239 Speaker 1: between President Joe Biden and Senator shelleymore Capital over infrastructure 11 00:00:46,360 --> 00:00:49,519 Speaker 1: have ended. Eyes on Capitol Hill now turned to a 12 00:00:49,520 --> 00:00:52,159 Speaker 1: bipartisan group of senators to see if they can pick 13 00:00:52,240 --> 00:00:54,400 Speaker 1: up the slack and come to an agreement and child 14 00:00:54,440 --> 00:00:57,120 Speaker 1: called US athletes be paid. It's an old question, but 15 00:00:57,280 --> 00:01:00,000 Speaker 1: some states are coming up with new answers. We're gonna 16 00:01:00,040 --> 00:01:02,640 Speaker 1: speak in just a minute to Senator Marshall Blackburn on 17 00:01:02,720 --> 00:01:06,880 Speaker 1: both of those developments. I'm Emily Wilkins, your host for today. 18 00:01:07,040 --> 00:01:09,039 Speaker 1: We're gonna get to the news in just a minute, 19 00:01:09,080 --> 00:01:12,440 Speaker 1: but first let's get a market update with Charlie, I 20 00:01:12,480 --> 00:01:14,000 Speaker 1: thank you very much. Here's what you need to know. 21 00:01:14,200 --> 00:01:16,520 Speaker 1: Mixed day on Wall Street. The Dow lawer by thirty 22 00:01:16,520 --> 00:01:19,440 Speaker 1: down one tenth of one per Santa SMP up barely 23 00:01:19,640 --> 00:01:21,920 Speaker 1: finishing close to a record, up by half to point 24 00:01:21,920 --> 00:01:24,200 Speaker 1: today and as the stand up forty three up by 25 00:01:24,280 --> 00:01:28,360 Speaker 1: three tenths ten you yield one point five three gold 26 00:01:28,760 --> 00:01:32,240 Speaker 1: up today at eight ninety two the ounce West Texas 27 00:01:32,319 --> 00:01:36,040 Speaker 1: Enemyia crewed closing about seventy dollars of our seventy oh five. 28 00:01:36,120 --> 00:01:40,280 Speaker 1: I'm Charlie pallot that, Emily because a Bloomberg business flash. Charlie, 29 00:01:40,280 --> 00:01:42,880 Speaker 1: thank you so much. This again is Emily Wilkins. I'm 30 00:01:42,920 --> 00:01:46,680 Speaker 1: here with Bloomberg Politics contributor Jeanie Shawn Zano. And also 31 00:01:46,840 --> 00:01:50,320 Speaker 1: joining us on the line right now is Senator Marshall Blackburn, 32 00:01:50,400 --> 00:01:53,960 Speaker 1: a Republican from Tennessee and Senator I know in just 33 00:01:54,000 --> 00:01:56,480 Speaker 1: a minute we're going to get into the important hearing 34 00:01:56,520 --> 00:01:59,440 Speaker 1: tomorrow on athlete pay, but we gotta start off with 35 00:01:59,480 --> 00:02:03,560 Speaker 1: the big news right now that the infrastructure discussions between 36 00:02:03,600 --> 00:02:07,520 Speaker 1: President Biden and your colleagues. Senator Senator Shelleymore, Capital of 37 00:02:07,560 --> 00:02:11,240 Speaker 1: West Virginia, have come to a conclusion. We're hearing at 38 00:02:11,240 --> 00:02:14,040 Speaker 1: this point President Biden saying that he felt like Capital 39 00:02:14,480 --> 00:02:18,240 Speaker 1: did negotiate in good faith. At this point, we are 40 00:02:18,360 --> 00:02:21,520 Speaker 1: sort of looking at another bipartisan group of senators who 41 00:02:21,560 --> 00:02:25,200 Speaker 1: are working on an infrastructure package that includes Republican at 42 00:02:25,240 --> 00:02:30,360 Speaker 1: Romney and Democratic Senator Kirsten Sema. According to Senator Romney, 43 00:02:30,440 --> 00:02:33,120 Speaker 1: some members of this group have determined how much the 44 00:02:33,120 --> 00:02:36,320 Speaker 1: bill would spend, how to pay for it. Senator, how 45 00:02:36,400 --> 00:02:38,320 Speaker 1: likely is it that this group is going to come 46 00:02:38,400 --> 00:02:41,240 Speaker 1: up with a solution and that something by partisan with 47 00:02:41,360 --> 00:02:45,800 Speaker 1: infrastructure can still be in the works. Well, it is 48 00:02:46,080 --> 00:02:50,840 Speaker 1: disappointing to hear President Biden say that he does not 49 00:02:51,000 --> 00:02:56,520 Speaker 1: believe Senator Capital was negotiating in good faith. She was 50 00:02:56,720 --> 00:03:00,600 Speaker 1: negotiating in very good faith and continued to go back 51 00:03:01,120 --> 00:03:05,840 Speaker 1: with other options and with ways to pay for it. Now, 52 00:03:05,880 --> 00:03:09,720 Speaker 1: I think what we see is that it sendate that 53 00:03:10,280 --> 00:03:16,560 Speaker 1: President Biden is approaching this as he wants what he wants. 54 00:03:16,840 --> 00:03:20,080 Speaker 1: We saw the same thing with the American Recovery Plan. 55 00:03:20,680 --> 00:03:23,640 Speaker 1: And even though he says and gives the lip service 56 00:03:23,720 --> 00:03:27,080 Speaker 1: to the fact that he is going to work in 57 00:03:27,120 --> 00:03:29,960 Speaker 1: a bipartisan manner, at the end of the day. That 58 00:03:30,200 --> 00:03:34,720 Speaker 1: is not what is happening. That is disappointing because do 59 00:03:34,840 --> 00:03:37,960 Speaker 1: the American people want to see a bill that is 60 00:03:38,040 --> 00:03:43,240 Speaker 1: focused strictly on traditional infrastructure of roads and bridges and 61 00:03:43,680 --> 00:03:48,800 Speaker 1: highways and airports and ports and broadband, Yes they do. 62 00:03:49,440 --> 00:03:52,880 Speaker 1: Are they frustrated that Washington cannot seem to come to 63 00:03:52,960 --> 00:03:57,720 Speaker 1: that agreement, Yes they are. And maybe the President needs 64 00:03:57,760 --> 00:03:59,840 Speaker 1: to let the House and send it do their work 65 00:04:00,360 --> 00:04:05,280 Speaker 1: and not trying to evolve the definition of infrastructure to 66 00:04:05,480 --> 00:04:12,600 Speaker 1: main childcare, elder care, um basing, the up support for unions, 67 00:04:12,640 --> 00:04:17,440 Speaker 1: and these different components that had absolutely nothing to do 68 00:04:17,920 --> 00:04:22,080 Speaker 1: with infrastructure, right, And Senator I did just want to 69 00:04:22,120 --> 00:04:24,840 Speaker 1: take a minute to clarify, you know, President Biden, he 70 00:04:24,960 --> 00:04:29,159 Speaker 1: did say that Capital was negotiating in good faith. We're 71 00:04:29,200 --> 00:04:32,800 Speaker 1: also seeing now a statement from Senator Capital saying that 72 00:04:33,080 --> 00:04:36,400 Speaker 1: President Biden broke off the talks and that she is disappointed. 73 00:04:36,920 --> 00:04:41,279 Speaker 1: But Senator Capital also said that, you know, Biden suggested 74 00:04:41,320 --> 00:04:44,240 Speaker 1: that the negotiations were all in good faith and that 75 00:04:44,320 --> 00:04:48,400 Speaker 1: significant progresses. But I'm understood you. I thought you were 76 00:04:48,480 --> 00:04:52,159 Speaker 1: saying that he said she did not negotiating. This is 77 00:04:52,240 --> 00:04:54,000 Speaker 1: this is the joy of senator. We're gonna have to 78 00:04:54,000 --> 00:04:56,680 Speaker 1: get you in the studio at some point so we 79 00:04:56,720 --> 00:04:59,039 Speaker 1: can just do face to face, back to how it 80 00:04:59,160 --> 00:05:01,160 Speaker 1: used to be. But you know, I do want to 81 00:05:01,200 --> 00:05:03,919 Speaker 1: ask because President Biden, you know, he pitched himself on 82 00:05:03,960 --> 00:05:06,840 Speaker 1: the campaign trail as someone who could get things done, 83 00:05:06,960 --> 00:05:10,080 Speaker 1: who could work together in a bipartisan manner. And I'm 84 00:05:10,120 --> 00:05:13,160 Speaker 1: wondering why you sort of think because you were with him, 85 00:05:13,160 --> 00:05:15,839 Speaker 1: I think for for a bit of time, uh, in 86 00:05:15,880 --> 00:05:17,839 Speaker 1: the Senate, or at least you're you're aware of his 87 00:05:17,960 --> 00:05:21,200 Speaker 1: time as a senator, why is he suddenly not able 88 00:05:21,520 --> 00:05:24,120 Speaker 1: to get things done and to work across the aisle 89 00:05:24,320 --> 00:05:26,520 Speaker 1: the way that he said that he would when he 90 00:05:26,560 --> 00:05:28,200 Speaker 1: was on the campaign trail and the way he did 91 00:05:28,320 --> 00:05:32,600 Speaker 1: when he was in the Senate. Well, and that really 92 00:05:32,720 --> 00:05:36,840 Speaker 1: was on full display with the American Recovery Act when 93 00:05:37,200 --> 00:05:40,080 Speaker 1: it was to give them everything to say, we're asking 94 00:05:40,160 --> 00:05:43,440 Speaker 1: for and what we wanted to do was repurpose one 95 00:05:43,480 --> 00:05:47,000 Speaker 1: trillion dollars that was already in the pipeline that had 96 00:05:47,040 --> 00:05:49,960 Speaker 1: not been spent. What we have to look at is 97 00:05:50,000 --> 00:05:55,080 Speaker 1: the amount of debt that they are piling onto our 98 00:05:55,400 --> 00:06:00,880 Speaker 1: nation's debt, and they are coming get with about a 99 00:06:00,960 --> 00:06:05,200 Speaker 1: trillion dollars a month that is too expensive for our 100 00:06:05,279 --> 00:06:09,599 Speaker 1: children and our grandchildren to afford, because at some point 101 00:06:09,720 --> 00:06:12,960 Speaker 1: that note is going to come do. So this is 102 00:06:13,000 --> 00:06:18,320 Speaker 1: why I oppose just continuing to say print more money, spend, spend, spent, 103 00:06:19,080 --> 00:06:21,880 Speaker 1: and why it is so important that we realize we 104 00:06:22,040 --> 00:06:26,520 Speaker 1: are stewards of the taxpayer money and as we look 105 00:06:26,560 --> 00:06:30,560 Speaker 1: at meeting our nation's needs, of course we need to 106 00:06:30,600 --> 00:06:34,440 Speaker 1: be mindful of that. And this is why the American 107 00:06:34,520 --> 00:06:41,200 Speaker 1: people are saying, Look, roads, bridges, highways, interstates, broadband. These 108 00:06:41,240 --> 00:06:44,760 Speaker 1: are things that everyone agrees on need to be addressed. 109 00:06:45,200 --> 00:06:50,120 Speaker 1: So let's leave other things for discussions a different day, 110 00:06:50,720 --> 00:06:56,240 Speaker 1: a different piece of legislation. But a surface transportation bill, 111 00:06:56,480 --> 00:07:01,039 Speaker 1: highway bill, a bill that deals with our states and 112 00:07:01,200 --> 00:07:06,040 Speaker 1: airports and ports are waterways. Um, these are the things 113 00:07:06,360 --> 00:07:09,920 Speaker 1: that we as a nation have always put it into 114 00:07:09,960 --> 00:07:14,600 Speaker 1: an infrastructure bill. So Senator, we know that that the 115 00:07:14,680 --> 00:07:17,760 Speaker 1: administration Joe Biden came down quite a bit to one 116 00:07:17,840 --> 00:07:22,200 Speaker 1: trillion dollars in the last offer, and Republicans did come 117 00:07:22,280 --> 00:07:25,960 Speaker 1: up to about two hundred billion in new spending. In 118 00:07:26,040 --> 00:07:28,920 Speaker 1: your mind, because we all know that the American public 119 00:07:28,960 --> 00:07:34,240 Speaker 1: wants and needs infrastructure spending. However, it's defined where do 120 00:07:34,360 --> 00:07:37,200 Speaker 1: you want to see this go from now? Now, given 121 00:07:37,280 --> 00:07:40,440 Speaker 1: that these talks have collapsed between Capital and Biden, what 122 00:07:40,520 --> 00:07:43,920 Speaker 1: are you thinking that Republicans are willing to offer any 123 00:07:43,960 --> 00:07:49,720 Speaker 1: more than two fifty three hundred billion. Last year our 124 00:07:50,000 --> 00:07:53,880 Speaker 1: infrastructure proposal that we in the Senate had agreed almost 125 00:07:54,280 --> 00:07:59,520 Speaker 1: about three hundred and fifty billion dollars. And now that 126 00:07:59,640 --> 00:08:03,560 Speaker 1: the American public is paying so much attention to this issue, 127 00:08:03,920 --> 00:08:06,120 Speaker 1: I have to tell you I think that we would 128 00:08:06,120 --> 00:08:10,239 Speaker 1: be well served to say this is what we would 129 00:08:10,280 --> 00:08:15,080 Speaker 1: spend for bridge repairs, this is what we could spend 130 00:08:15,080 --> 00:08:17,880 Speaker 1: for highways, this is what we can spend on our 131 00:08:17,960 --> 00:08:21,120 Speaker 1: nations in our states. This is money that needs to 132 00:08:21,160 --> 00:08:23,640 Speaker 1: go to air Force, and maybe be even a little 133 00:08:23,640 --> 00:08:28,960 Speaker 1: bit more definitive and specific and what the dollars would be, 134 00:08:29,040 --> 00:08:32,840 Speaker 1: what the utilization would be, and not get into all 135 00:08:32,920 --> 00:08:36,800 Speaker 1: of these other issues as I said previously that really 136 00:08:36,880 --> 00:08:41,720 Speaker 1: do not deal with traditional infrastructure. Because people want to 137 00:08:41,760 --> 00:08:44,520 Speaker 1: make certain that the roads and the highways and the 138 00:08:44,600 --> 00:08:48,480 Speaker 1: bridges that they're driving on and that they're crossing are 139 00:08:48,559 --> 00:08:53,600 Speaker 1: going to be safe. This is a part of public safety, 140 00:08:54,200 --> 00:08:59,840 Speaker 1: and we should be focused on those components. And this 141 00:09:00,040 --> 00:09:05,080 Speaker 1: bill that would put a lot of money into increasing 142 00:09:05,240 --> 00:09:11,640 Speaker 1: union membership, that would put money into electric vehicles. That's 143 00:09:11,720 --> 00:09:14,960 Speaker 1: not what the American public wants to see right now. 144 00:09:15,520 --> 00:09:20,960 Speaker 1: They want roads resurfaced, they want bridges repaired, they want 145 00:09:21,120 --> 00:09:25,840 Speaker 1: airports improved, they want broad band expanded, and that should 146 00:09:25,920 --> 00:09:29,400 Speaker 1: be our focus. And so it really sounds like sort 147 00:09:29,400 --> 00:09:31,640 Speaker 1: of this, Senator, is what what you and your Republican 148 00:09:31,679 --> 00:09:33,959 Speaker 1: colleagues have been seeing all along, that it just needs 149 00:09:33,960 --> 00:09:37,920 Speaker 1: to be straight infrastructure, traditional infrastructure, kind of what's been 150 00:09:37,920 --> 00:09:40,760 Speaker 1: designed as infrastructure in the past. Well, I want to 151 00:09:40,800 --> 00:09:45,240 Speaker 1: actually no, go ahead, and switched to the topic of 152 00:09:45,280 --> 00:09:49,600 Speaker 1: tomorrow's hearing on college college athletes who rank in big profits. 153 00:09:49,840 --> 00:09:52,160 Speaker 1: I want to bring in Randy Boyd, president of the 154 00:09:52,280 --> 00:09:55,080 Speaker 1: University of Tennessee. Senator, you know, have both of you 155 00:09:55,200 --> 00:09:58,120 Speaker 1: be a part of this conversation here. You know, right now, 156 00:09:58,320 --> 00:10:01,079 Speaker 1: under n C double A rules, they prohibit players from 157 00:10:01,120 --> 00:10:04,280 Speaker 1: making a profit. But states are beginning to push back 158 00:10:04,400 --> 00:10:08,120 Speaker 1: against this. Tennessee became the fifteenth state to pass a 159 00:10:08,200 --> 00:10:11,000 Speaker 1: law allowing college players to profit off of their name, 160 00:10:11,480 --> 00:10:14,480 Speaker 1: image and likeness and center. I actually want to see, 161 00:10:14,480 --> 00:10:16,600 Speaker 1: if you can elaborate for a minute, why focus on 162 00:10:16,640 --> 00:10:19,240 Speaker 1: these three things, name, image, and likeness. Why also not 163 00:10:19,320 --> 00:10:21,640 Speaker 1: account for all the things like ticket sales for these 164 00:10:21,679 --> 00:10:25,719 Speaker 1: big games. One of the things that we do know 165 00:10:25,920 --> 00:10:30,160 Speaker 1: if so many of these young athletes UH their parents 166 00:10:30,200 --> 00:10:36,040 Speaker 1: have built YouTube channels UH their videos, and what we 167 00:10:36,200 --> 00:10:41,800 Speaker 1: do know is that these students own their name, their image, 168 00:10:42,320 --> 00:10:48,160 Speaker 1: and any replication of their likeness. Now, we have a 169 00:10:48,280 --> 00:10:51,840 Speaker 1: lot of social media influencers that are out there that 170 00:10:51,920 --> 00:10:58,040 Speaker 1: are in the UH, the youth population, and what we 171 00:10:58,240 --> 00:11:02,360 Speaker 1: have to realize is that as colleges are going to 172 00:11:02,559 --> 00:11:09,280 Speaker 1: recruit some of these outstanding young athletes and athletic scholars, 173 00:11:10,240 --> 00:11:13,400 Speaker 1: that we need to have a way for them to 174 00:11:13,600 --> 00:11:21,160 Speaker 1: continue their online presence and find a way through uh 175 00:11:21,440 --> 00:11:26,960 Speaker 1: some form of methodism where that they can continue to 176 00:11:27,120 --> 00:11:31,760 Speaker 1: have those channels to benefit not maybe benefiting today, but 177 00:11:31,920 --> 00:11:37,680 Speaker 1: maybe benefiting when they finish their college career. And this 178 00:11:37,800 --> 00:11:41,600 Speaker 1: is something that yes, the States are taken up because 179 00:11:41,640 --> 00:11:46,240 Speaker 1: the n C Double A and UM the their leadership 180 00:11:46,280 --> 00:11:51,319 Speaker 1: team at the n C Double A, the the committees 181 00:11:51,400 --> 00:11:56,880 Speaker 1: that form that body have not been able to come 182 00:11:56,960 --> 00:12:02,000 Speaker 1: up with guidelines and rules under FWITCHED these athletes would work, 183 00:12:02,960 --> 00:12:05,920 Speaker 1: and so therefore Congress has had to take up the issue, 184 00:12:06,400 --> 00:12:10,600 Speaker 1: and those of us at the Senate Commerce Committee, and 185 00:12:10,880 --> 00:12:16,200 Speaker 1: I'm the ranking Republican on the Consumer Protection Data Security 186 00:12:16,240 --> 00:12:19,880 Speaker 1: Committee where this issue comes. We're having to take up 187 00:12:20,200 --> 00:12:24,720 Speaker 1: this issue because the n C double A cannot seem 188 00:12:24,800 --> 00:12:28,960 Speaker 1: to wrap their head around this and come to a 189 00:12:29,080 --> 00:12:33,520 Speaker 1: set of godlines rules regulations of how this would affect 190 00:12:33,720 --> 00:12:37,240 Speaker 1: our young athletes. Well, Senator, I know that you've sometimes 191 00:12:37,280 --> 00:12:40,480 Speaker 1: had had strong words for nub A President Mark before. 192 00:12:40,559 --> 00:12:43,800 Speaker 1: We'll definitely be watching for that at that hearing tomorrow. Um. 193 00:12:43,880 --> 00:12:46,720 Speaker 1: But University of Tennessee President Randy Boyd, I want to 194 00:12:46,760 --> 00:12:49,200 Speaker 1: turn to you for a minute. Obviously you know someone 195 00:12:49,240 --> 00:12:51,880 Speaker 1: who has a lot of interactions with students. Thinking about 196 00:12:51,880 --> 00:12:54,760 Speaker 1: the students, I was looking over the witness list for 197 00:12:54,840 --> 00:12:57,839 Speaker 1: this hearing tomorrow, and there are some big names who 198 00:12:57,880 --> 00:13:01,720 Speaker 1: are probably very smart individuals, but there are no students. 199 00:13:01,880 --> 00:13:05,360 Speaker 1: And I'm wondering if you have any concerns about a 200 00:13:05,520 --> 00:13:09,559 Speaker 1: hearing being held about college athletes being paid for their name, 201 00:13:09,600 --> 00:13:13,080 Speaker 1: image and likeness without any college athletes being able to 202 00:13:13,120 --> 00:13:17,720 Speaker 1: talk to senators themselves. Well, good, good afternoon, Emily, and 203 00:13:17,920 --> 00:13:20,200 Speaker 1: also good afternoon, Senator Blake, and thanks for having me 204 00:13:20,240 --> 00:13:23,440 Speaker 1: on the show. Absolutely, I think the stewents definitely should 205 00:13:23,440 --> 00:13:27,680 Speaker 1: be represented about party to all the agenda of the hearings. 206 00:13:27,720 --> 00:13:29,720 Speaker 1: But I think it would always be good to have 207 00:13:29,800 --> 00:13:33,360 Speaker 1: the student voice any time you're discussing student issues. We 208 00:13:33,400 --> 00:13:36,839 Speaker 1: do that at the university. UH in every case. I 209 00:13:36,880 --> 00:13:38,880 Speaker 1: would like to add, you know this, this is a 210 00:13:39,000 --> 00:13:43,960 Speaker 1: very complicated issue. UM. There's at least three major concerns 211 00:13:43,760 --> 00:13:47,439 Speaker 1: that that we're we're looking at. Point is just as 212 00:13:47,640 --> 00:13:51,400 Speaker 1: was highlighted, the lack of consistent rules in the SEC. 213 00:13:51,600 --> 00:13:55,680 Speaker 1: For example, we have six states that have different laws 214 00:13:55,720 --> 00:13:58,560 Speaker 1: that they've just passed, so different standards in each state. 215 00:13:58,920 --> 00:14:01,600 Speaker 1: Then the n c A may be also setting standards 216 00:14:01,600 --> 00:14:04,400 Speaker 1: along with the federal government. So it's very difficult to 217 00:14:04,520 --> 00:14:09,760 Speaker 1: navigate UM policies with so many different potential rules. But 218 00:14:10,080 --> 00:14:12,120 Speaker 1: the most important thing for us in higher education at 219 00:14:12,120 --> 00:14:14,600 Speaker 1: the University of Tennessee is to focus on our students. 220 00:14:14,640 --> 00:14:16,679 Speaker 1: And the one thing we can do is help prepare 221 00:14:16,720 --> 00:14:20,160 Speaker 1: our students to take advantage or whatever may come before E. T. 222 00:14:20,280 --> 00:14:24,880 Speaker 1: Knoxville because I created a new entrepreneur class, which is 223 00:14:25,040 --> 00:14:29,360 Speaker 1: actually of course on namage and likeness. Where we're gonna 224 00:14:29,360 --> 00:14:33,800 Speaker 1: be teaching brand basics, business formation, entrepreneurship, legal implications, and 225 00:14:33,840 --> 00:14:37,120 Speaker 1: the financial literacy. But the last thing, I just want 226 00:14:37,120 --> 00:14:38,920 Speaker 1: to mention that there's gonna be some winners and losers. 227 00:14:39,080 --> 00:14:40,720 Speaker 1: You know, one of the things that I think is 228 00:14:41,000 --> 00:14:43,720 Speaker 1: somewhat misunderstood and how many students will benefit. You know, 229 00:14:43,800 --> 00:14:47,640 Speaker 1: in the NFL, only roughly of the NFL players actually 230 00:14:47,640 --> 00:14:49,800 Speaker 1: make money on name, emage and likeness, So I think 231 00:14:49,800 --> 00:14:52,440 Speaker 1: there's misunderstanding that lots of athletes will make money, it 232 00:14:52,440 --> 00:14:54,880 Speaker 1: will be a greadibly small amount. And then the other 233 00:14:54,920 --> 00:14:57,440 Speaker 1: thing that we're really concerned with is the University of 234 00:14:57,440 --> 00:15:00,600 Speaker 1: Tennessee system. We have uh three different universe season, three 235 00:15:00,600 --> 00:15:04,440 Speaker 1: different conferences, and as you probably know, over three D 236 00:15:04,560 --> 00:15:07,720 Speaker 1: one universities in the country and only about twelve of 237 00:15:07,760 --> 00:15:10,640 Speaker 1: them actually make money. Uh So we're really worried about 238 00:15:10,680 --> 00:15:13,960 Speaker 1: adding extra burden on compliance for some of the smaller schools. 239 00:15:14,120 --> 00:15:17,240 Speaker 1: If they had all these additional staff to meet compliance issues, 240 00:15:17,440 --> 00:15:20,040 Speaker 1: they'll probably there's a possibility that they may have to 241 00:15:20,080 --> 00:15:23,360 Speaker 1: start cutting programs. So I think the the idea that 242 00:15:23,440 --> 00:15:26,720 Speaker 1: all colleges are making money on athletics is it's something 243 00:15:26,760 --> 00:15:29,800 Speaker 1: that needs to be debunked that it's a very very small, 244 00:15:30,000 --> 00:15:33,200 Speaker 1: small few of them. I also realized that even though 245 00:15:33,680 --> 00:15:36,520 Speaker 1: Tennessee's law has passed, it hasn't gone into effect yet. 246 00:15:36,560 --> 00:15:39,880 Speaker 1: It's going into a defect on July first. And I'm wondering, 247 00:15:40,280 --> 00:15:45,640 Speaker 1: you know, no federal bill like Tennessee's passes before July one. 248 00:15:45,760 --> 00:15:49,000 Speaker 1: Then schools and states like Tennessee who have passed this legislation, 249 00:15:49,040 --> 00:15:52,600 Speaker 1: they could have a significant recruiting advantage. And I'm wondering 250 00:15:52,680 --> 00:15:55,960 Speaker 1: President Boyd is being able to recruit better players one 251 00:15:55,960 --> 00:15:59,480 Speaker 1: of the benefits of Tennessee passing this legislation that would 252 00:15:59,480 --> 00:16:03,520 Speaker 1: help comp say athletes in some capacity. This is a 253 00:16:03,560 --> 00:16:06,240 Speaker 1: great question. So actually, our law has been passed, but 254 00:16:06,280 --> 00:16:09,800 Speaker 1: it doesn't take effect until January one. Two. However, some 255 00:16:09,880 --> 00:16:12,600 Speaker 1: of the other states in which some of our teams 256 00:16:12,640 --> 00:16:15,760 Speaker 1: compete against UH, there are laws it does take effect 257 00:16:15,760 --> 00:16:17,880 Speaker 1: in July one. It's it's gonna be very interesting to 258 00:16:17,920 --> 00:16:20,479 Speaker 1: see how the states and the teams and the university's 259 00:16:20,800 --> 00:16:25,880 Speaker 1: interpret their laws. Hours specifically says that we are not 260 00:16:25,960 --> 00:16:30,280 Speaker 1: to use this as a way to recruit athletes UM 261 00:16:30,360 --> 00:16:35,360 Speaker 1: and so it's gonna be a very interesting UH next 262 00:16:35,520 --> 00:16:39,080 Speaker 1: year as universities by in most cases by law, are 263 00:16:39,120 --> 00:16:41,680 Speaker 1: not allowed to use it to recruit athletes, and yet 264 00:16:41,760 --> 00:16:47,840 Speaker 1: athletes are aware of the opportunities in different states. Well 265 00:16:47,960 --> 00:16:51,080 Speaker 1: A Senator Marshall Blackburn and President of the University of 266 00:16:51,080 --> 00:16:53,920 Speaker 1: Tennessee Randy Boyd, thank you both for taking the time 267 00:16:54,080 --> 00:16:57,400 Speaker 1: and chatting with us for today. Really great insights they're 268 00:16:57,400 --> 00:17:00,720 Speaker 1: both on infrastructure as well as or what to expect 269 00:17:00,840 --> 00:17:03,760 Speaker 1: moving forward with the n C double A and with 270 00:17:04,000 --> 00:17:08,000 Speaker 1: student athlete pay. Once again, this is Emily Wilkins, your 271 00:17:08,000 --> 00:17:12,040 Speaker 1: host today here with our Ace Bloomberg Politics contributor Jennie 272 00:17:12,080 --> 00:17:15,840 Speaker 1: shawn Zano. Uh, Genie, that we definitely covered a lot 273 00:17:15,880 --> 00:17:18,680 Speaker 1: with that last couple of minutes, both from the Senator 274 00:17:19,000 --> 00:17:22,760 Speaker 1: and from the university president. I'm wondering, and particularly going 275 00:17:22,800 --> 00:17:25,520 Speaker 1: back to infrastructure here for a minute, because that really 276 00:17:25,640 --> 00:17:29,520 Speaker 1: is the big breaking news from today. Did anything that 277 00:17:29,560 --> 00:17:32,760 Speaker 1: the Senator say really surprise you at this point or 278 00:17:32,840 --> 00:17:34,960 Speaker 1: is it? It seemed kind of like the position that 279 00:17:35,040 --> 00:17:38,680 Speaker 1: Republicans have have really staked out through this entire negotiating process. 280 00:17:38,880 --> 00:17:40,800 Speaker 1: I agree with you, I mean it is big news. 281 00:17:40,840 --> 00:17:44,680 Speaker 1: I actually thought these negotiations may go longer. Um. I 282 00:17:44,680 --> 00:17:47,400 Speaker 1: I was surprised when we just heard, as you announced 283 00:17:47,400 --> 00:17:49,920 Speaker 1: a few minutes ago, that the negotiations had broken off 284 00:17:49,920 --> 00:17:54,280 Speaker 1: between Senator Capital and the President. UM. You know, I 285 00:17:54,920 --> 00:17:58,840 Speaker 1: think that listening to Senator Blackburn, I think the news 286 00:17:58,880 --> 00:18:02,040 Speaker 1: there is that to your point, very little has changed. 287 00:18:02,400 --> 00:18:05,080 Speaker 1: She went back and said, we need to focus, as 288 00:18:05,080 --> 00:18:08,680 Speaker 1: you talked about, on what we have long traditionally described 289 00:18:08,680 --> 00:18:12,359 Speaker 1: as infrastructure. We're willing to spend X amount of money, 290 00:18:12,640 --> 00:18:15,280 Speaker 1: We're willing to think about how to pay for that, 291 00:18:15,600 --> 00:18:19,199 Speaker 1: but we're unwilling to move in this way that Democrats 292 00:18:19,200 --> 00:18:22,280 Speaker 1: and the President have pushed for to broaden that definition. 293 00:18:22,320 --> 00:18:25,439 Speaker 1: And I think if Republicans and Democrats can't come to 294 00:18:25,520 --> 00:18:29,159 Speaker 1: some consensus on that definition, we will end up with 295 00:18:29,200 --> 00:18:32,840 Speaker 1: the Democrats pushing forward on a bill and as you know, 296 00:18:32,960 --> 00:18:35,400 Speaker 1: covering Congress every minute of the day as you do 297 00:18:35,760 --> 00:18:38,120 Speaker 1: in the House. They have already started doing that this 298 00:18:38,160 --> 00:18:41,320 Speaker 1: week and they're going to continue and I think we 299 00:18:41,359 --> 00:18:45,680 Speaker 1: will see something pushed through on reconciliation. They also want 300 00:18:45,680 --> 00:18:48,040 Speaker 1: to bring into the conversation Matt Bennett. He's a co 301 00:18:48,119 --> 00:18:51,479 Speaker 1: founder for Third Way, a democratic strategist. Any former Clinton 302 00:18:51,480 --> 00:18:54,840 Speaker 1: White House deputy assisting Matt, Welcome to the show. Glad 303 00:18:54,880 --> 00:18:57,000 Speaker 1: to have you with us. Of I know we're just 304 00:18:57,040 --> 00:18:59,439 Speaker 1: sort of throwing you into things here, but you know, 305 00:18:59,520 --> 00:19:04,040 Speaker 1: the talks between President Biden and Senator Cavadeau have broken down, 306 00:19:04,080 --> 00:19:08,040 Speaker 1: but there is still this bipartisan group of senators including 307 00:19:08,080 --> 00:19:12,879 Speaker 1: Senator Romney, Democrats Senator Kristen Sinema, who have been working 308 00:19:12,880 --> 00:19:15,679 Speaker 1: together trying to come up with a Plan B in 309 00:19:15,760 --> 00:19:18,920 Speaker 1: case Plan A fails, which it has it now has. Matt, 310 00:19:19,000 --> 00:19:21,919 Speaker 1: I'm wondering, do you see a lot of progress being 311 00:19:22,200 --> 00:19:24,200 Speaker 1: being able to mate in this group or is this 312 00:19:24,280 --> 00:19:27,760 Speaker 1: sort of a last last ditch effort before Democrats say 313 00:19:27,800 --> 00:19:30,840 Speaker 1: we're just going to have to go it alone. Well, 314 00:19:31,600 --> 00:19:34,160 Speaker 1: if it's not the last ditch, it maybe the second 315 00:19:34,240 --> 00:19:38,240 Speaker 1: to last. Um. There has been little progress, and I 316 00:19:38,240 --> 00:19:41,639 Speaker 1: think the end of the talk with Senor Capadeau aren't 317 00:19:41,680 --> 00:19:44,040 Speaker 1: a good sign if you're somebody who is hoping for 318 00:19:44,280 --> 00:19:47,840 Speaker 1: bipartisan bill. Yes, there's this thing, this group they call 319 00:19:47,920 --> 00:19:52,080 Speaker 1: themselves the G twenty. That's a lot of people to 320 00:19:52,119 --> 00:19:58,040 Speaker 1: negotiate with. And beyond two or three Senate Republicans who 321 00:19:58,200 --> 00:20:01,639 Speaker 1: seemed very interested in you know, making the concessions that 322 00:20:01,680 --> 00:20:03,080 Speaker 1: they would need to make in order to get a 323 00:20:03,119 --> 00:20:07,000 Speaker 1: deal with the Democrats. There aren't a lot. Romney is 324 00:20:07,000 --> 00:20:09,720 Speaker 1: certainly among the two or three along with Collins and Rokowski. 325 00:20:10,080 --> 00:20:13,160 Speaker 1: But then you're getting to people like Pat Toomey, Center 326 00:20:13,200 --> 00:20:16,000 Speaker 1: from Pennsylvania, before he was in the Senate, was the 327 00:20:16,040 --> 00:20:19,960 Speaker 1: president of the Club for Growth. They're the most radical, uh, 328 00:20:20,040 --> 00:20:23,760 Speaker 1: anti spending, anti tax group really in politics. So things 329 00:20:23,800 --> 00:20:28,000 Speaker 1: get pretty tough. Absolutely the more the more individuals involved. 330 00:20:28,119 --> 00:20:30,040 Speaker 1: I think that's such a valid point that you see 331 00:20:30,080 --> 00:20:32,960 Speaker 1: time and time again in DC. The more people who 332 00:20:32,960 --> 00:20:34,919 Speaker 1: are in a room together, but the less it is 333 00:20:34,920 --> 00:20:38,080 Speaker 1: to come up with something that gets everyone happy. I mean, 334 00:20:38,119 --> 00:20:42,920 Speaker 1: there's another interesting implication to here for President Biden. Early 335 00:20:43,000 --> 00:20:46,719 Speaker 1: today we heard White House Press Secretary Jen Saki, you know, 336 00:20:46,800 --> 00:20:49,280 Speaker 1: talk a little bit about how the plan was playing out. 337 00:20:49,320 --> 00:20:52,080 Speaker 1: This was before the White House announced that they were 338 00:20:52,200 --> 00:20:55,400 Speaker 1: ending talks with Senator Capital, but but it was definitely, 339 00:20:55,480 --> 00:20:58,960 Speaker 1: you know, only a couple hours before that news was broken. 340 00:20:59,160 --> 00:21:01,639 Speaker 1: Here's here's what here's the sound on what Saki had 341 00:21:01,720 --> 00:21:04,600 Speaker 1: to say. The President has a benefit of thirty six 342 00:21:04,720 --> 00:21:07,480 Speaker 1: years in the Senate, where he has seen that the 343 00:21:07,520 --> 00:21:10,240 Speaker 1: sausage making is messy. It takes time. They're ups and 344 00:21:10,280 --> 00:21:12,560 Speaker 1: downs on the roller coaster. We're right in the middle 345 00:21:12,560 --> 00:21:16,679 Speaker 1: of the sausage making right now. Knowing that this was 346 00:21:16,760 --> 00:21:19,800 Speaker 1: said this afternoon before the news came out about the 347 00:21:19,840 --> 00:21:24,360 Speaker 1: talks ending, Genie, I'm curious what you make of that sentence. 348 00:21:24,400 --> 00:21:27,040 Speaker 1: We're right in the middle of the sausage making right now. 349 00:21:27,440 --> 00:21:29,720 Speaker 1: I mean, I suppose we're at the end of this 350 00:21:29,800 --> 00:21:33,439 Speaker 1: one series of negotiations potentially going on to another. Certainly 351 00:21:33,520 --> 00:21:36,119 Speaker 1: have had a lot ahead of us. I mean, for 352 00:21:36,200 --> 00:21:39,960 Speaker 1: President Biden right now, what what is he thinking there 353 00:21:40,000 --> 00:21:42,120 Speaker 1: in the White House? He pitched himself as this guy 354 00:21:42,160 --> 00:21:45,440 Speaker 1: who could come to a bipartisan compromise. It's he's now 355 00:21:45,520 --> 00:21:48,439 Speaker 1: walking away from from a Republican that he's been negotiating 356 00:21:48,440 --> 00:21:51,600 Speaker 1: with for several weeks empty handed. What's going to be 357 00:21:51,600 --> 00:21:54,959 Speaker 1: the outcome here for the president? You know, I go 358 00:21:55,040 --> 00:21:58,480 Speaker 1: back to the fact that President Biden is somebody if 359 00:21:58,560 --> 00:22:01,480 Speaker 1: you had to draw a fig your create a character 360 00:22:01,840 --> 00:22:04,800 Speaker 1: who could make this work under these very difficult conditions, 361 00:22:04,840 --> 00:22:08,320 Speaker 1: it would be President Biden. He spent his almost entire 362 00:22:08,359 --> 00:22:10,880 Speaker 1: adult life in Congress, and much of it in the Senate. 363 00:22:11,080 --> 00:22:14,639 Speaker 1: He knows Washington better than anybody. I find it, as 364 00:22:14,680 --> 00:22:18,640 Speaker 1: an American and a political scientist, a very difficult pill 365 00:22:18,720 --> 00:22:21,720 Speaker 1: to swallow. That if he can't do it, who can? 366 00:22:22,000 --> 00:22:24,080 Speaker 1: And and that I think is something we all have 367 00:22:24,160 --> 00:22:27,400 Speaker 1: to think about, because you know, he is heading off 368 00:22:27,680 --> 00:22:30,439 Speaker 1: to Europe tomorrow to try to make the case that 369 00:22:30,520 --> 00:22:34,239 Speaker 1: democracy still works, that we can get things done. He 370 00:22:34,440 --> 00:22:37,920 Speaker 1: is heading there under these conditions, and I think it's 371 00:22:37,920 --> 00:22:40,359 Speaker 1: a very difficult case to make at this point. So 372 00:22:40,600 --> 00:22:43,840 Speaker 1: I feel for the President in this moment. Maybe he 373 00:22:43,960 --> 00:22:47,320 Speaker 1: still has negotiations up is leave. Maybe the G twenty 374 00:22:47,520 --> 00:22:49,760 Speaker 1: is as you and that we're just talking about, can 375 00:22:49,840 --> 00:22:53,680 Speaker 1: make something work, But I'm not sure it's going to happen. Matt. 376 00:22:53,720 --> 00:22:55,600 Speaker 1: I'm going to throw you the question that we throw 377 00:22:56,240 --> 00:22:58,959 Speaker 1: basically started to throw everyone on this show as far 378 00:22:59,000 --> 00:23:01,480 Speaker 1: as the deadline is can certain for when Democrats need 379 00:23:01,520 --> 00:23:03,520 Speaker 1: to make a decision on whether they're just going to 380 00:23:03,640 --> 00:23:06,320 Speaker 1: go at it alone, when does that need to be? 381 00:23:06,400 --> 00:23:09,000 Speaker 1: Because you know and I know that it's going to 382 00:23:09,000 --> 00:23:12,919 Speaker 1: be pretty difficult to get moderate and progressive Democrats in 383 00:23:13,000 --> 00:23:16,720 Speaker 1: agreement on a major package that includes things like raising taxes. 384 00:23:18,119 --> 00:23:20,600 Speaker 1: It is and I think the deadline is approaching quickly 385 00:23:20,720 --> 00:23:23,159 Speaker 1: because this has to be done to from the end 386 00:23:23,160 --> 00:23:25,200 Speaker 1: of the fiscal year, which the end of September. It 387 00:23:25,280 --> 00:23:28,480 Speaker 1: seems to normal humans like it's far away, but not 388 00:23:28,520 --> 00:23:33,000 Speaker 1: to senators because they don't work as much as normal people. Uh, 389 00:23:33,040 --> 00:23:35,520 Speaker 1: they will be gone for much of the summer. They're 390 00:23:35,560 --> 00:23:38,960 Speaker 1: gone for, you know, some of every week. And what 391 00:23:39,119 --> 00:23:41,080 Speaker 1: has to be done if they're going to go it 392 00:23:41,119 --> 00:23:44,320 Speaker 1: alone is they have to pass it on budget reconciliation. 393 00:23:44,760 --> 00:23:47,879 Speaker 1: That requires the work of many different Senate committees to 394 00:23:48,400 --> 00:23:52,359 Speaker 1: thread a very small needle to get this stuff through 395 00:23:52,600 --> 00:23:56,480 Speaker 1: the parliamentarians review because there's very very tough rules around 396 00:23:56,520 --> 00:23:59,119 Speaker 1: what can be in a reconciliation package or what can't. 397 00:23:59,440 --> 00:24:01,760 Speaker 1: That's leave aside the thing you pointed to, which is 398 00:24:01,800 --> 00:24:04,200 Speaker 1: the negotiation that will have to go on intra party 399 00:24:04,280 --> 00:24:08,040 Speaker 1: between Democrats on the far left and in the center left, 400 00:24:08,520 --> 00:24:10,520 Speaker 1: and then they got to deal with the House because 401 00:24:10,600 --> 00:24:12,919 Speaker 1: obviously whatever the center passes has to be passed by 402 00:24:12,960 --> 00:24:15,520 Speaker 1: the House as well, and Democrats have only a three 403 00:24:15,640 --> 00:24:19,399 Speaker 1: vote margin there. If the if one side or the 404 00:24:19,440 --> 00:24:21,920 Speaker 1: other doesn't like it and refuses to attack the bill, 405 00:24:22,560 --> 00:24:24,560 Speaker 1: then it will die in the House, which is unlikely 406 00:24:24,600 --> 00:24:27,720 Speaker 1: but conceivable. So a lot to do, not much time 407 00:24:27,760 --> 00:24:30,080 Speaker 1: to do it. Absolutely, and no matter. That's such a 408 00:24:30,080 --> 00:24:32,760 Speaker 1: good point because remember we saw with that one point 409 00:24:32,840 --> 00:24:36,239 Speaker 1: nine twillion dollar COVID stimulus package, there were actually some 410 00:24:36,280 --> 00:24:40,200 Speaker 1: provisions in there for very specific transportation projects that got 411 00:24:40,200 --> 00:24:43,280 Speaker 1: booted out by the parliamentarian because she said, this does 412 00:24:43,320 --> 00:24:46,439 Speaker 1: not apply, this is not actually what the bill is 413 00:24:46,440 --> 00:24:48,720 Speaker 1: supposed to be about. So I think that that's a 414 00:24:48,720 --> 00:24:51,159 Speaker 1: really good point that you have to continue to watch 415 00:24:51,240 --> 00:24:55,160 Speaker 1: that even as you look at the debates between Democrats, 416 00:24:55,200 --> 00:24:57,919 Speaker 1: you have to consider what can go through with the parliamentarian. 417 00:24:58,320 --> 00:25:00,520 Speaker 1: We're coming up, we're gonna be talking a little bit 418 00:25:00,560 --> 00:25:04,520 Speaker 1: more about Vice President Kamala Harris's trip to Guatemala and 419 00:25:04,600 --> 00:25:07,480 Speaker 1: her discussions about what's going on at the border, and 420 00:25:07,600 --> 00:25:11,159 Speaker 1: look at a new survey talking about what went wrong 421 00:25:11,200 --> 00:25:16,640 Speaker 1: for Democrats for the two elections. I'm Emily Wilkins. This 422 00:25:16,960 --> 00:25:25,919 Speaker 1: is Bloomberg broadcasting live from our nation's capital, Bloomberg to 423 00:25:26,040 --> 00:25:30,560 Speaker 1: New York, Bloomberg eleven Frio to San Francisco, Bloomberg nine 424 00:25:30,680 --> 00:25:34,800 Speaker 1: sixty to the country, Sirius XM Channel one nine and 425 00:25:34,880 --> 00:25:38,320 Speaker 1: around the Globe, the Bloomberg Business app, and Bloomberg Radio 426 00:25:38,440 --> 00:25:44,680 Speaker 1: dot Com. This is Bloomberg's sound on I'm I'm Blim Wilkins. 427 00:25:45,000 --> 00:25:49,040 Speaker 1: Coming up, we delve into Vice President Kamala Harris's trip 428 00:25:49,480 --> 00:25:54,240 Speaker 1: down to the Northern Triangle, what she said yesterday in Guatemala, 429 00:25:54,280 --> 00:25:57,960 Speaker 1: how it is being received, and de continuing pressure on 430 00:25:58,000 --> 00:26:00,879 Speaker 1: the White House to deal with an increase of immigrants 431 00:26:01,040 --> 00:26:04,440 Speaker 1: crossing through the southern border. Also, we'll be taking a 432 00:26:04,440 --> 00:26:07,480 Speaker 1: look at it in depth survey on what Democrats think 433 00:26:07,560 --> 00:26:11,280 Speaker 1: went wrong when they lost a number of House seats 434 00:26:11,359 --> 00:26:14,760 Speaker 1: in the twenty twenty elections despite gaining the White House. 435 00:26:15,040 --> 00:26:18,960 Speaker 1: I'm Emily Wilkins here today with Bloomberg Politics, Child Politics 436 00:26:18,960 --> 00:26:22,800 Speaker 1: contributor Jimmie shawn Zano and Matt Bennett, co founder of 437 00:26:22,840 --> 00:26:27,639 Speaker 1: Third Way, a Democratic strategist and former White House deputy assistant. 438 00:26:27,960 --> 00:26:30,639 Speaker 1: Glad to have you both with us. I want to 439 00:26:30,640 --> 00:26:32,760 Speaker 1: get in today. We've talked a little bit about what 440 00:26:32,880 --> 00:26:36,040 Speaker 1: President Biden has been up to in regards to infrastructure talks. 441 00:26:36,440 --> 00:26:39,880 Speaker 1: Now going to go to Vice President Kamala Harris. She's 442 00:26:40,000 --> 00:26:42,520 Speaker 1: in the Northern Triangle this week and she's talking to 443 00:26:42,600 --> 00:26:46,440 Speaker 1: leaders there about strengthening their economies and giving their citizens 444 00:26:46,560 --> 00:26:50,040 Speaker 1: better lives. She's also been addressing the root causes of 445 00:26:50,119 --> 00:26:54,000 Speaker 1: immigration and trying to stem the tide of immigrants at 446 00:26:54,000 --> 00:26:57,800 Speaker 1: the US southern border. While in Mexico today, Vice President 447 00:26:57,840 --> 00:27:01,800 Speaker 1: Harris fielded a reporter's question, not the first one this week, 448 00:27:02,119 --> 00:27:05,359 Speaker 1: about why she has yet to actually visit the southern 449 00:27:05,400 --> 00:27:09,679 Speaker 1: border as vice president. Here's Harris's response and the sound 450 00:27:09,720 --> 00:27:12,520 Speaker 1: on that I've been to the border before, I will 451 00:27:12,560 --> 00:27:16,880 Speaker 1: go again. But when I'm in Guatemala dealing with root cousins, 452 00:27:17,040 --> 00:27:18,880 Speaker 1: I think we should have a conversation about what's going 453 00:27:18,920 --> 00:27:22,639 Speaker 1: on in Guatemala. Matt. I'm going to come to you 454 00:27:22,680 --> 00:27:25,880 Speaker 1: with with this question because I'm interested in your perspective. 455 00:27:26,080 --> 00:27:29,440 Speaker 1: I mean, Vice President Harris is really getting grilled hard 456 00:27:29,480 --> 00:27:32,000 Speaker 1: for not going to the southern border. At the other hand, 457 00:27:32,080 --> 00:27:35,080 Speaker 1: you know, President Biden told her that she was the 458 00:27:35,119 --> 00:27:37,400 Speaker 1: one that he wanted to sort of be on top 459 00:27:37,440 --> 00:27:41,000 Speaker 1: of investigating what's going on, looking into it, coming up 460 00:27:41,040 --> 00:27:44,760 Speaker 1: with various solutions. I mean, should she be in Guatemala 461 00:27:44,840 --> 00:27:47,160 Speaker 1: right now, would it have been more productive for her 462 00:27:47,200 --> 00:27:49,879 Speaker 1: to actually go to the southern border and take a 463 00:27:49,920 --> 00:27:54,000 Speaker 1: look at what's happening there. No, she's doing exactly what 464 00:27:54,040 --> 00:27:56,600 Speaker 1: the President asked her to do. You know, I my 465 00:27:56,680 --> 00:27:59,119 Speaker 1: first job in the Clinton White House was working and 466 00:27:59,160 --> 00:28:01,480 Speaker 1: traveling with Vice as in Gore and went all over 467 00:28:01,480 --> 00:28:04,360 Speaker 1: the world with him. And and when your vice president, 468 00:28:04,520 --> 00:28:07,160 Speaker 1: you go where you are asked to go by the president. 469 00:28:07,240 --> 00:28:10,840 Speaker 1: President is your boss. And what the president asked Vice 470 00:28:10,840 --> 00:28:14,160 Speaker 1: President has us to do is that she noted work 471 00:28:14,200 --> 00:28:18,600 Speaker 1: on the root cause of the migration from Central America. 472 00:28:18,720 --> 00:28:22,280 Speaker 1: The people coming from places like Guatemala and very dangerous 473 00:28:22,359 --> 00:28:25,800 Speaker 1: journey through Mexico to make it to the United States. 474 00:28:26,000 --> 00:28:29,159 Speaker 1: And they're coming because they're living lives that are that 475 00:28:29,200 --> 00:28:34,440 Speaker 1: are basically unlivable. The crime and gang violence is off 476 00:28:34,480 --> 00:28:40,160 Speaker 1: the charts, the unemployment is huge, disease and sickness is rampants. 477 00:28:40,200 --> 00:28:43,520 Speaker 1: So she is working with the Guatemalans and effort to 478 00:28:43,680 --> 00:28:47,720 Speaker 1: make those conditions, to ease those conditions so that we 479 00:28:47,800 --> 00:28:50,719 Speaker 1: don't see these huge migration flows coming up through Mexico. 480 00:28:51,240 --> 00:28:55,320 Speaker 1: That's a completely different job than border security, and border 481 00:28:55,360 --> 00:28:57,120 Speaker 1: security is not a job she was asked to do, 482 00:28:57,200 --> 00:29:00,480 Speaker 1: so she's doing the job she would have given. Farris 483 00:29:00,480 --> 00:29:03,760 Speaker 1: also had a message for Guatemalans this week, and she 484 00:29:03,880 --> 00:29:07,080 Speaker 1: was very blunt about this. She said, do not come, 485 00:29:07,480 --> 00:29:10,160 Speaker 1: Do not come. I believe if you come to our border, 486 00:29:10,400 --> 00:29:13,680 Speaker 1: you will be turned back. I mean that is a 487 00:29:13,720 --> 00:29:17,280 Speaker 1: pretty stark message. She's come under criticism from some in 488 00:29:17,320 --> 00:29:22,160 Speaker 1: her own party, including a Progressive Congress member Alexandria Castio Cortes, 489 00:29:22,400 --> 00:29:26,000 Speaker 1: who said that Harris's comments were disappointing to see that 490 00:29:26,160 --> 00:29:29,240 Speaker 1: seeking asylum at any U S border is a legal 491 00:29:29,240 --> 00:29:32,640 Speaker 1: method of arrival, and saying that they blaming the US 492 00:29:32,880 --> 00:29:37,080 Speaker 1: for its role in spending decades contributing to regime change 493 00:29:37,120 --> 00:29:43,080 Speaker 1: and destabilization. I'm wondering, Matt is there how should Harris 494 00:29:43,120 --> 00:29:45,760 Speaker 1: go about sort of striking the tone. I mean, I 495 00:29:45,800 --> 00:29:48,280 Speaker 1: know that there is a concern about immigrants sort of 496 00:29:48,320 --> 00:29:51,000 Speaker 1: making this long journey to the US if they're not 497 00:29:51,080 --> 00:29:54,080 Speaker 1: going to be qualified. Um. At the same point, you 498 00:29:54,160 --> 00:29:56,760 Speaker 1: definitely see someone in her own party saying, you know what, 499 00:29:56,840 --> 00:29:59,680 Speaker 1: if these people are in rough situations, we should be 500 00:29:59,720 --> 00:30:04,000 Speaker 1: allowed in them to come into the country. Look, I 501 00:30:04,080 --> 00:30:08,160 Speaker 1: think it is anyone who who looks at the stories 502 00:30:08,200 --> 00:30:12,400 Speaker 1: of these migrants um feels for them. It is they're 503 00:30:12,480 --> 00:30:18,560 Speaker 1: living in really unbelievably difficult conditions, and anyone could understand 504 00:30:18,560 --> 00:30:21,560 Speaker 1: why they would seek to make their lives better this way. 505 00:30:21,640 --> 00:30:24,320 Speaker 1: But I think that the Vice President caught it right. Um, 506 00:30:24,360 --> 00:30:29,000 Speaker 1: we cannot accept everyone from around the world who is 507 00:30:29,040 --> 00:30:33,560 Speaker 1: living in really difficult conditions. Our country simply can't do that. 508 00:30:33,640 --> 00:30:36,600 Speaker 1: No country can do that, and um, we don't. We 509 00:30:37,080 --> 00:30:41,200 Speaker 1: have to discourage these folks from making this unbelievably dangerous 510 00:30:41,240 --> 00:30:45,720 Speaker 1: journey where people have been murdered and sexually assaulted, and 511 00:30:45,920 --> 00:30:51,239 Speaker 1: robbed and kidnapped and put into um, sexual slavery. I mean, 512 00:30:51,240 --> 00:30:53,760 Speaker 1: there's all sorts of horrible things that are happening in 513 00:30:53,800 --> 00:30:57,200 Speaker 1: this journey. And so she's right about that. I understand 514 00:30:57,240 --> 00:31:01,160 Speaker 1: why protested what she did. I think as a matter 515 00:31:01,160 --> 00:31:03,920 Speaker 1: of public policy, the Vice President is correct to say 516 00:31:03,960 --> 00:31:06,440 Speaker 1: that we should be discouraging people to make a mins trip. 517 00:31:07,400 --> 00:31:09,880 Speaker 1: Matt let me just ask you, in a very brief time, 518 00:31:09,920 --> 00:31:14,320 Speaker 1: like thirty seconds, if if you were asked by the 519 00:31:14,360 --> 00:31:18,280 Speaker 1: administration what they should do, what advice you would have 520 00:31:18,400 --> 00:31:20,560 Speaker 1: for them in terms of the border. What would you 521 00:31:20,600 --> 00:31:22,240 Speaker 1: give them? I hear you, what would you say? I 522 00:31:22,280 --> 00:31:24,400 Speaker 1: hear you said that you don't think it's important that 523 00:31:24,480 --> 00:31:27,080 Speaker 1: you visit the border, but they are being attacked on 524 00:31:27,240 --> 00:31:29,600 Speaker 1: both sides on this. What do you think they should 525 00:31:29,680 --> 00:31:32,760 Speaker 1: do or what would you advise at this point? Well, 526 00:31:32,840 --> 00:31:34,520 Speaker 1: I don't know if it's a great question. I don't 527 00:31:34,520 --> 00:31:36,600 Speaker 1: know if it's the job of the vice president to 528 00:31:36,640 --> 00:31:38,480 Speaker 1: go to the border and do something. But I do 529 00:31:38,600 --> 00:31:42,720 Speaker 1: think that the Biden administration should be making clear to 530 00:31:42,760 --> 00:31:46,640 Speaker 1: the public that they are taking border security very seriously 531 00:31:47,040 --> 00:31:51,880 Speaker 1: and uh, they're not doing um performative nonsense like building 532 00:31:51,920 --> 00:31:55,280 Speaker 1: a wall that doesn't work and is incredibly expensive and 533 00:31:55,360 --> 00:31:59,160 Speaker 1: destroying the ecology and is preposterous. What they would be 534 00:31:59,200 --> 00:32:04,360 Speaker 1: doing instead is using electronic means and u and border 535 00:32:04,880 --> 00:32:08,360 Speaker 1: patrols to ensure that we have controls and border the 536 00:32:08,480 --> 00:32:11,800 Speaker 1: people who are coming through are treated humanely and properly, 537 00:32:12,080 --> 00:32:14,959 Speaker 1: but that they're not sneaking across the border. And there's 538 00:32:15,000 --> 00:32:16,800 Speaker 1: a plenty of ways so we can do that with 539 00:32:16,880 --> 00:32:20,280 Speaker 1: modern technology, with drones and electronic fencing and all kinds 540 00:32:20,280 --> 00:32:22,960 Speaker 1: of things, uh that I think the public could see 541 00:32:23,280 --> 00:32:27,200 Speaker 1: we're taking steps that are they're real. Absolutely, we're gonna 542 00:32:27,280 --> 00:32:29,280 Speaker 1: leave it there for now, but when we come back, 543 00:32:29,360 --> 00:32:31,800 Speaker 1: we're going to have a discussion about the latest from 544 00:32:31,880 --> 00:32:35,800 Speaker 1: Colonial Pipeline CEO what he told a congressional panel today, 545 00:32:36,120 --> 00:32:40,520 Speaker 1: and a deep dive into Democrats and the elections that's 546 00:32:40,560 --> 00:32:52,360 Speaker 1: coming up next. I'm Emily Wilkins. This is Bloomberg Pace's 547 00:32:52,400 --> 00:32:58,720 Speaker 1: Bloomberg Sound On on Bloomberg Radio. I'm Emily Wilkins here 548 00:32:58,760 --> 00:33:02,840 Speaker 1: today with Bloomberg Paul Text contributor Jeanie Schnzano and joined 549 00:33:02,840 --> 00:33:06,200 Speaker 1: by Matt Bennett, co founder A Third Way, the Democratic 550 00:33:06,240 --> 00:33:11,520 Speaker 1: strategist and former Clinton White House Deputy assistant. Well, today 551 00:33:11,840 --> 00:33:14,520 Speaker 1: we heard that from the chief executive of a pipeline 552 00:33:14,560 --> 00:33:17,680 Speaker 1: company hit by a ransomware attack in the last month, 553 00:33:17,920 --> 00:33:21,120 Speaker 1: apologizing to the U. S. Senate panel for the incident 554 00:33:21,200 --> 00:33:24,440 Speaker 1: that paralyzed the East Coast flow of gasoline, diesel, and 555 00:33:24,560 --> 00:33:29,920 Speaker 1: jet fuel. Colonial Pipeline Co. Chief Executive Offer Joseph Blowne 556 00:33:30,200 --> 00:33:32,880 Speaker 1: said paying the ransom in order to have the company's 557 00:33:32,920 --> 00:33:37,120 Speaker 1: I T systems unlocked was quote the hardest decision I've 558 00:33:37,160 --> 00:33:41,120 Speaker 1: made in my thirty nine years in the energy industry. 559 00:33:41,200 --> 00:33:45,000 Speaker 1: Here's the sound on what he told the committee today. 560 00:33:45,240 --> 00:33:47,520 Speaker 1: It was the hardest decision I made in my thirty 561 00:33:47,600 --> 00:33:50,680 Speaker 1: nine years in the energy industry, and I know how 562 00:33:50,720 --> 00:33:53,880 Speaker 1: critical our pipeline is to the country, and I put 563 00:33:53,920 --> 00:33:57,440 Speaker 1: the interests of the country first. I kept the information 564 00:33:57,480 --> 00:34:01,720 Speaker 1: closely held because we were concerned about operational safety and security, 565 00:34:01,760 --> 00:34:03,880 Speaker 1: and we wanted to stay focused on getting the pipeline 566 00:34:03,880 --> 00:34:06,600 Speaker 1: back up and running. I believe with all my heart 567 00:34:06,960 --> 00:34:10,560 Speaker 1: it was the right choice to make, the right choice 568 00:34:10,600 --> 00:34:13,359 Speaker 1: to make, but a choice that has been very criticized 569 00:34:13,640 --> 00:34:17,879 Speaker 1: among various members of Congress and lawmakers worried that by 570 00:34:17,920 --> 00:34:20,880 Speaker 1: scene one company go ahead and pay the ransom, it 571 00:34:20,960 --> 00:34:25,720 Speaker 1: will encourage companies to hack other companies. Jene shn Zano 572 00:34:26,239 --> 00:34:29,560 Speaker 1: talked to me a little bit about exactly how this 573 00:34:29,640 --> 00:34:32,359 Speaker 1: kind of testimony is going to wind up playing out 574 00:34:32,480 --> 00:34:36,480 Speaker 1: in Congress and their wider decisions to potentially take action 575 00:34:36,600 --> 00:34:40,360 Speaker 1: or try and pass legislation that would help prevent some 576 00:34:40,480 --> 00:34:44,360 Speaker 1: of these ransomware attacks from happening on other major corporations. 577 00:34:44,920 --> 00:34:47,200 Speaker 1: I'm so glad you played that clip. I found his 578 00:34:47,280 --> 00:34:50,640 Speaker 1: testimony today incredibly moving. It really took you behind the 579 00:34:50,719 --> 00:34:53,480 Speaker 1: scenes and put us in the position of he was 580 00:34:53,520 --> 00:34:55,320 Speaker 1: in and the and those in the inside of the 581 00:34:55,360 --> 00:34:58,560 Speaker 1: company were in as they were under this attack, and 582 00:34:58,600 --> 00:35:01,160 Speaker 1: as he said, knew how critical the work they were 583 00:35:01,200 --> 00:35:04,400 Speaker 1: doing is to the country, and so I think it 584 00:35:04,440 --> 00:35:08,000 Speaker 1: will be helpful and hopefully Congress sees their way to 585 00:35:08,280 --> 00:35:12,239 Speaker 1: taking steps. You know, if people are critical of companies 586 00:35:12,280 --> 00:35:16,200 Speaker 1: paying ransomware, then we need to consider outlawing that, we 587 00:35:16,280 --> 00:35:19,839 Speaker 1: need to consider regulating crypto, We need to consider all 588 00:35:19,920 --> 00:35:22,320 Speaker 1: the steps. You know, we have the President going overseas 589 00:35:23,000 --> 00:35:27,280 Speaker 1: next week, he will be meeting with President Putin. Those 590 00:35:27,320 --> 00:35:30,160 Speaker 1: issues need to be addressed. So I think it's important 591 00:35:30,200 --> 00:35:33,239 Speaker 1: and one thing we should really praise Colonial for is 592 00:35:33,360 --> 00:35:36,120 Speaker 1: keeping the US government informed and of course the FBI 593 00:35:36,200 --> 00:35:38,799 Speaker 1: yesterday the big news getting a good portion of that 594 00:35:38,920 --> 00:35:42,040 Speaker 1: ransom back. Obviously that's not always going to happen, but 595 00:35:42,160 --> 00:35:45,280 Speaker 1: it was an important step that you know, really brings 596 00:35:45,280 --> 00:35:48,120 Speaker 1: this issue to the forefront. Yeah, definitely something that we're 597 00:35:48,120 --> 00:35:50,839 Speaker 1: going to expect to be hearing a lot more from 598 00:35:50,880 --> 00:35:54,560 Speaker 1: from Congress as they sort through these issues of hopefully 599 00:35:54,600 --> 00:35:57,120 Speaker 1: not so much more news from companies being hatched, but 600 00:35:57,160 --> 00:36:00,200 Speaker 1: you know, as we saw from JBS last week, that's 601 00:36:00,200 --> 00:36:02,920 Speaker 1: certainly something that that we are continuing to see at 602 00:36:02,960 --> 00:36:05,680 Speaker 1: this point. Well, speaking of deep dives, I want to 603 00:36:05,719 --> 00:36:09,400 Speaker 1: pivot now to a one of the most comprehensive views 604 00:36:09,520 --> 00:36:12,359 Speaker 1: that have reviews that have been done so far of 605 00:36:12,680 --> 00:36:17,640 Speaker 1: the elections. This was done by three major Democratic groups, 606 00:36:17,920 --> 00:36:20,440 Speaker 1: and The New York Times said that this new report 607 00:36:20,680 --> 00:36:23,880 Speaker 1: is perhaps the most soul searching done by either party 608 00:36:23,920 --> 00:36:27,040 Speaker 1: this year. You know, you think back to the elections, 609 00:36:27,120 --> 00:36:30,680 Speaker 1: you think President Trump lost President Biden one, Democrats had 610 00:36:30,719 --> 00:36:32,719 Speaker 1: a good night. But you know, as someone who really 611 00:36:32,719 --> 00:36:36,640 Speaker 1: followed these elections pretty closely, Democrats were expecting to pick 612 00:36:36,719 --> 00:36:39,520 Speaker 1: up way more seats in the Senate. Uh. The day 613 00:36:39,600 --> 00:36:43,160 Speaker 1: before the elections, you heard Speaker Nancy Pelosi talking about 614 00:36:43,160 --> 00:36:45,879 Speaker 1: how Democrats were going to pick up seats in the House. Well, 615 00:36:45,880 --> 00:36:48,680 Speaker 1: Democrats last seats in the House, and and you know, 616 00:36:48,760 --> 00:36:51,000 Speaker 1: not not one or two seats, but I think we 617 00:36:51,000 --> 00:36:53,560 Speaker 1: were up to about a dozen. And at the same point, 618 00:36:53,560 --> 00:36:56,120 Speaker 1: there were a number of Senate races that Democrats were 619 00:36:56,280 --> 00:36:59,359 Speaker 1: very confident about, thinking Susan Collin and Maine, Tom till 620 00:36:59,440 --> 00:37:03,680 Speaker 1: Us in North Carolina, and those Republican incumbents wound up 621 00:37:03,719 --> 00:37:06,839 Speaker 1: winning again. Matt, you are with Third Way. They are 622 00:37:06,920 --> 00:37:10,920 Speaker 1: one of the interest groups that did this deep dive report. 623 00:37:11,040 --> 00:37:13,359 Speaker 1: I just wanted to start off by seeing what your 624 00:37:13,440 --> 00:37:16,719 Speaker 1: big takeaways were for you. After doing all of this 625 00:37:16,840 --> 00:37:19,680 Speaker 1: research and all of these interviews, what really stuck out 626 00:37:19,680 --> 00:37:21,760 Speaker 1: to you at the end that that maybe you didn't 627 00:37:21,800 --> 00:37:26,120 Speaker 1: realize on election night or in the week or so after. Yeah, 628 00:37:26,160 --> 00:37:27,640 Speaker 1: I think there are a couple of things that were 629 00:37:27,719 --> 00:37:30,920 Speaker 1: very surprising to us. Third way was a league sponsored 630 00:37:30,960 --> 00:37:33,280 Speaker 1: this along with the Collective pack and like you know, Victory, 631 00:37:33,360 --> 00:37:37,800 Speaker 1: both focused on voters color and um. What we found 632 00:37:37,880 --> 00:37:41,800 Speaker 1: is the Times reported was two big things. The first 633 00:37:42,360 --> 00:37:45,479 Speaker 1: is the Democrats need to start thinking about voters of color, 634 00:37:45,520 --> 00:37:49,200 Speaker 1: which is of course African American voters like you knows 635 00:37:49,200 --> 00:37:52,879 Speaker 1: and Asian Pacific islanders. We got to start thinking about 636 00:37:52,920 --> 00:37:56,200 Speaker 1: them as persuasion voters, which is to say, we need 637 00:37:56,239 --> 00:37:59,680 Speaker 1: to communicate to them in ways that will persuade them 638 00:37:59,680 --> 00:38:02,760 Speaker 1: to report Democrats and not simply take them for granted. 639 00:38:03,120 --> 00:38:07,640 Speaker 1: You know, thirty eight percent of Latinos supported Trump, of 640 00:38:07,680 --> 00:38:11,080 Speaker 1: black men did uh And and in many cases in 641 00:38:11,120 --> 00:38:13,600 Speaker 1: these house races that we looked at, there was a 642 00:38:13,680 --> 00:38:18,440 Speaker 1: surge of turnout among Latino communities and they voted for Republicans, 643 00:38:19,000 --> 00:38:22,479 Speaker 1: which was not what most people would have assumed would 644 00:38:22,520 --> 00:38:24,880 Speaker 1: happen if there was a big surge. Looking a turnout, 645 00:38:25,239 --> 00:38:27,400 Speaker 1: So I think that's that's number one. Number two is 646 00:38:27,960 --> 00:38:31,440 Speaker 1: we have to take seriously the kind of short the 647 00:38:31,560 --> 00:38:35,440 Speaker 1: lies that Republicans are telling about Democrats, the tie moderate 648 00:38:35,440 --> 00:38:38,960 Speaker 1: Democrats to very far left ideas like socialism and to 649 00:38:39,000 --> 00:38:42,960 Speaker 1: fund the police. Those things took a real toll, especially 650 00:38:43,000 --> 00:38:45,320 Speaker 1: on some of the more junior, you know, freshman members 651 00:38:45,320 --> 00:38:49,839 Speaker 1: of Congress. We lost twelve of them. We expected they 652 00:38:49,840 --> 00:38:51,440 Speaker 1: would all win and we would pick up seats. So 653 00:38:51,440 --> 00:38:53,680 Speaker 1: it was a real disappointment that was saying the fact 654 00:38:53,680 --> 00:38:57,359 Speaker 1: that we still have the House majority. You know, I 655 00:38:57,400 --> 00:39:00,120 Speaker 1: am really interested in that because I knew that for 656 00:39:00,160 --> 00:39:03,680 Speaker 1: a number of these moderate lawmakers that that you're talking about, 657 00:39:03,960 --> 00:39:06,239 Speaker 1: you know, they did come out and say I don't 658 00:39:06,280 --> 00:39:09,239 Speaker 1: support defunding the police. They came out and really tried 659 00:39:09,280 --> 00:39:11,640 Speaker 1: to push back against some of the messages. But it 660 00:39:11,640 --> 00:39:14,400 Speaker 1: didn't seem like actually just just coming out and saying no, 661 00:39:14,600 --> 00:39:17,359 Speaker 1: that's not what I believe did the trick. I mean, 662 00:39:17,560 --> 00:39:19,839 Speaker 1: is there anything that you discovered that you think could 663 00:39:19,920 --> 00:39:23,000 Speaker 1: be an effective message for Democrats, because we already know 664 00:39:23,400 --> 00:39:26,920 Speaker 1: that Republicans are going to use and frankly are already 665 00:39:27,040 --> 00:39:30,400 Speaker 1: using some of those same tactics trying to tile Democrats 666 00:39:30,400 --> 00:39:34,040 Speaker 1: as socialists, tile Democrats as wanting to defund the police. 667 00:39:34,480 --> 00:39:39,600 Speaker 1: What's an effective message for Democrats to push back against that. Well, 668 00:39:39,640 --> 00:39:42,200 Speaker 1: you're exactly right, it's happening again. They're doing precisely the 669 00:39:42,239 --> 00:39:44,080 Speaker 1: same thing. And why not. I mean it worked for them. 670 00:39:44,840 --> 00:39:48,279 Speaker 1: Of course they're going to try it again. In UM. 671 00:39:48,320 --> 00:39:51,879 Speaker 1: What we found in the retrospective that we did is 672 00:39:52,280 --> 00:39:56,680 Speaker 1: candidates that really went out early in the electoral cycle. 673 00:39:56,760 --> 00:39:59,840 Speaker 1: Remember how folks are up every two years, So people 674 00:40:00,000 --> 00:40:02,719 Speaker 1: of uh, you know, go up on the air or 675 00:40:02,719 --> 00:40:06,000 Speaker 1: in digital media or whatever they're using early, which is 676 00:40:06,040 --> 00:40:09,000 Speaker 1: to say, kind of next spring and summer, rather than 677 00:40:09,160 --> 00:40:12,800 Speaker 1: waiting for the fall, and talk to their voters about 678 00:40:12,840 --> 00:40:15,000 Speaker 1: who they are. They do what in politics we call 679 00:40:15,120 --> 00:40:19,080 Speaker 1: bio spots. They deepen their brand identity, uh, in the 680 00:40:19,120 --> 00:40:22,920 Speaker 1: parliaance of business. UM, if they do that effectively and 681 00:40:22,920 --> 00:40:25,520 Speaker 1: and and over and over and over, that can help 682 00:40:25,760 --> 00:40:28,640 Speaker 1: blunt the effect of these attacks. You know, the funded 683 00:40:28,680 --> 00:40:32,880 Speaker 1: police stuff didn't come until late summer, remember the Summer 684 00:40:32,920 --> 00:40:35,319 Speaker 1: of rage after the murder of George Floyd happened, and 685 00:40:35,360 --> 00:40:37,880 Speaker 1: then activists started talking about the funding the police, and 686 00:40:37,880 --> 00:40:39,719 Speaker 1: then some of our party did, and then it got 687 00:40:39,800 --> 00:40:42,480 Speaker 1: attached to other Democrats, so it can come at the 688 00:40:42,600 --> 00:40:46,400 Speaker 1: end and the candidates that had good brand identity with 689 00:40:46,440 --> 00:40:48,560 Speaker 1: their voters were able to send that off and the 690 00:40:48,560 --> 00:40:51,040 Speaker 1: ones who didn't have that had a harder time. So 691 00:40:51,719 --> 00:40:54,399 Speaker 1: my organization has started a new group called shield Pack. 692 00:40:54,560 --> 00:40:56,799 Speaker 1: We just did a new video that's out today as 693 00:40:56,800 --> 00:40:59,480 Speaker 1: shield pack dot org that is designed to help these 694 00:40:59,520 --> 00:41:02,840 Speaker 1: candidates do that to deepen their their bios. Earlier in 695 00:41:02,880 --> 00:41:07,560 Speaker 1: the cycle, Matt, one of my sort of m favorite 696 00:41:07,640 --> 00:41:10,280 Speaker 1: and I'm putting that in quotes of these post mortems 697 00:41:10,320 --> 00:41:13,040 Speaker 1: on the Republican side was the one that they did 698 00:41:13,080 --> 00:41:16,319 Speaker 1: famously after the two thousand and eight loss to Obama, 699 00:41:16,640 --> 00:41:19,919 Speaker 1: and that talked a lot about changing demographics, the need 700 00:41:19,960 --> 00:41:22,360 Speaker 1: to reach out to Latinos, and we know what happened 701 00:41:22,400 --> 00:41:25,799 Speaker 1: to elections later they got stuck with Donald Trump. So 702 00:41:26,200 --> 00:41:30,040 Speaker 1: what is the reception you're getting from the Democratic Party, 703 00:41:30,080 --> 00:41:33,120 Speaker 1: both the at the upper levels of the Democratic Party, 704 00:41:33,160 --> 00:41:36,200 Speaker 1: but more importantly at the base. And how hopeful are 705 00:41:36,239 --> 00:41:40,840 Speaker 1: you that this will translate in to some of the 706 00:41:40,960 --> 00:41:44,719 Speaker 1: changes that you're recommending. Well, one of the reasons that 707 00:41:44,760 --> 00:41:48,200 Speaker 1: we decided to do this with collective pack and Latino victory, 708 00:41:48,239 --> 00:41:52,280 Speaker 1: and we reached out throughout the process to comrescial black 709 00:41:52,360 --> 00:41:55,799 Speaker 1: and Hispanic and Asian American caucuses, and to the new 710 00:41:55,840 --> 00:41:58,640 Speaker 1: Democrats were the moderates, and even to the progressive caucus 711 00:41:58,680 --> 00:42:01,640 Speaker 1: on the left. Is we wanted is to get as 712 00:42:01,719 --> 00:42:05,240 Speaker 1: broad buy in as possible to the findings of the study, 713 00:42:05,360 --> 00:42:07,759 Speaker 1: and so far, so good on that. There's been a 714 00:42:07,800 --> 00:42:09,880 Speaker 1: few folks pushing back a little bit, but for the 715 00:42:09,920 --> 00:42:12,560 Speaker 1: most part, I think most Democrats, including folks at the 716 00:42:12,600 --> 00:42:15,399 Speaker 1: d n C and the party committees, have been very 717 00:42:15,400 --> 00:42:19,520 Speaker 1: receptive to these findings. What we are hoping is that 718 00:42:20,680 --> 00:42:23,759 Speaker 1: there's a few recommendations that are kind of buried in here. 719 00:42:23,800 --> 00:42:26,360 Speaker 1: This was really a retrospective. It was a It was 720 00:42:26,719 --> 00:42:29,680 Speaker 1: a description, not a prescription, but you can easily see 721 00:42:29,719 --> 00:42:33,400 Speaker 1: what needs to be done among them. As I said earlier, 722 00:42:33,400 --> 00:42:37,600 Speaker 1: treating voters of color as persuasion voters and going straight 723 00:42:37,640 --> 00:42:42,400 Speaker 1: at these charges that that moderates, UH candidates and swing 724 00:42:42,400 --> 00:42:45,680 Speaker 1: districts are actually secret radicals, which is nonsense. But that 725 00:42:45,880 --> 00:42:48,560 Speaker 1: has to be taken head on and going up early 726 00:42:48,600 --> 00:42:50,600 Speaker 1: and making sure people know who we are. I think 727 00:42:50,680 --> 00:42:52,920 Speaker 1: there's a pretty broad buy in on all of that. 728 00:42:54,640 --> 00:42:57,720 Speaker 1: I'm a little curious too, because in the last election 729 00:42:58,120 --> 00:43:01,480 Speaker 1: you saw Republicans try and tai Democrats to sort of 730 00:43:01,520 --> 00:43:04,479 Speaker 1: the most progressive members of their party, the far left, 731 00:43:04,480 --> 00:43:07,680 Speaker 1: if you will. And now Republicans have members on the 732 00:43:07,719 --> 00:43:11,920 Speaker 1: far right who are just, you know, much further to 733 00:43:12,000 --> 00:43:14,280 Speaker 1: the right than a lot of members who were there before. 734 00:43:14,680 --> 00:43:16,759 Speaker 1: Democrats have talked about how they want to sort of 735 00:43:16,800 --> 00:43:19,799 Speaker 1: tie all Republicans to those members. I mean, is there 736 00:43:19,840 --> 00:43:21,319 Speaker 1: a way that we're going to sort of see a 737 00:43:21,320 --> 00:43:25,080 Speaker 1: bit of tip for tat here in the election? Oh, 738 00:43:25,160 --> 00:43:28,520 Speaker 1: without a doubt. And and look, remember all of the 739 00:43:28,600 --> 00:43:34,080 Speaker 1: electoral stuff in happened prior to January six, and January 740 00:43:34,120 --> 00:43:37,120 Speaker 1: six was a caminal moment in our politics. You're gonna 741 00:43:37,120 --> 00:43:39,720 Speaker 1: hear a lot about how radical the Republics can become 742 00:43:40,160 --> 00:43:43,359 Speaker 1: the next cycle. Absolutely well, we will be continuing to 743 00:43:43,400 --> 00:43:46,800 Speaker 1: follow that. But that is now for today's show. Huge 744 00:43:46,880 --> 00:43:50,200 Speaker 1: thanks to Jeanie, Shawn Zano and Matt Bennett for joining 745 00:43:50,239 --> 00:43:54,839 Speaker 1: me today talking about the breaking news on infrastructure. I'm 746 00:43:54,920 --> 00:44:01,640 Speaker 1: Emily Wilkins. This is Bloomberg two.