1 00:00:02,920 --> 00:00:10,600 Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. You're listening to the 2 00:00:10,640 --> 00:00:14,560 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:14,600 --> 00:00:17,040 Speaker 1: noon Eastern on Appocarplay. 4 00:00:16,200 --> 00:00:18,480 Speaker 2: And then Proudo with the Bloomberg Business app. 5 00:00:18,560 --> 00:00:21,720 Speaker 1: Listen on demand wherever you get your podcasts, or watch 6 00:00:21,800 --> 00:00:23,600 Speaker 1: us live on YouTube. 7 00:00:25,680 --> 00:00:27,520 Speaker 3: Thanks for being with us on the Friday edition of 8 00:00:27,560 --> 00:00:30,840 Speaker 3: Ballots of Power. Bloomberg Radio on the satellite and on YouTube. 9 00:00:30,840 --> 00:00:33,600 Speaker 3: Where you can find us now, search Bloomberg Business News 10 00:00:33,640 --> 00:00:36,879 Speaker 3: Live and you'll find our smiling faces here in the studio. 11 00:00:37,280 --> 00:00:40,920 Speaker 3: If you learn anything today listening to Bloomberg Radio, and 12 00:00:41,000 --> 00:00:42,479 Speaker 3: we're going to give you a couple of chances to 13 00:00:42,520 --> 00:00:42,800 Speaker 3: do this. 14 00:00:42,960 --> 00:00:43,400 Speaker 2: Learn this. 15 00:00:44,520 --> 00:00:49,120 Speaker 3: The economy that matters most is not national. This is 16 00:00:49,159 --> 00:00:50,839 Speaker 3: the most important story you're going to read on the 17 00:00:50,880 --> 00:00:53,479 Speaker 3: terminal or online if you care about this race and 18 00:00:53,520 --> 00:00:55,920 Speaker 3: the seven swing states we have been talking about for 19 00:00:56,120 --> 00:00:58,920 Speaker 3: months that are going to decide this election. The economy 20 00:00:59,280 --> 00:01:03,200 Speaker 3: is not a monolith. Sean Donnan and his colleagues are 21 00:01:03,200 --> 00:01:05,320 Speaker 3: out with an incredible piece of journalism today and the 22 00:01:05,319 --> 00:01:08,840 Speaker 3: big take. This is world class stuff. This is journalism 23 00:01:08,880 --> 00:01:09,720 Speaker 3: you don't do overnight. 24 00:01:09,760 --> 00:01:09,920 Speaker 2: Here. 25 00:01:09,959 --> 00:01:13,560 Speaker 3: It's a remarkable piece that combines anecdotal evidence in the 26 00:01:13,600 --> 00:01:17,320 Speaker 3: swing states with hard data that you would expect from Bloomberg. 27 00:01:18,200 --> 00:01:21,480 Speaker 3: These seven states home to sixty one million people a 28 00:01:21,520 --> 00:01:25,320 Speaker 3: combined gross domestic product in twenty twenty three of four 29 00:01:25,360 --> 00:01:30,399 Speaker 3: point four trillion dollars, showing economic cracks that could prove 30 00:01:30,440 --> 00:01:33,920 Speaker 3: a political obstacle for Vice President Kamala Harris. As I 31 00:01:34,000 --> 00:01:36,200 Speaker 3: read in the story, Shawn's with us at the table 32 00:01:36,240 --> 00:01:37,200 Speaker 3: right now, it's great to see you. 33 00:01:37,240 --> 00:01:39,640 Speaker 2: Congrats on a great story here. In fact, it's about 34 00:01:39,640 --> 00:01:40,480 Speaker 2: one hundred. 35 00:01:40,160 --> 00:01:44,160 Speaker 3: Stories and one well, at least seven if you want 36 00:01:44,160 --> 00:01:48,160 Speaker 3: to see a real great marriage, as I said, of 37 00:01:48,240 --> 00:01:52,240 Speaker 3: data and anecdotal journalism, this is it. Let's start in 38 00:01:52,280 --> 00:01:55,120 Speaker 3: the blue Wall states. What do our listeners need to 39 00:01:55,160 --> 00:01:59,960 Speaker 3: know about the difference in these economies Michigan, Wisconsin, Pennsylvania 40 00:02:00,040 --> 00:02:01,560 Speaker 3: and where some of us may live. 41 00:02:01,680 --> 00:02:01,880 Speaker 4: Yeah. 42 00:02:01,920 --> 00:02:06,040 Speaker 5: Look, there's a fundamental thing that we found here, and 43 00:02:06,080 --> 00:02:08,920 Speaker 5: that is that those blue Wall states, which are the 44 00:02:09,000 --> 00:02:11,880 Speaker 5: kind of the core of the campaign right now, that's 45 00:02:11,919 --> 00:02:15,480 Speaker 5: where the Democrats are focused and where the Republicans are 46 00:02:15,480 --> 00:02:19,000 Speaker 5: hoping to exploit some weaknesses. And the reality is they've 47 00:02:19,040 --> 00:02:22,600 Speaker 5: grown since twenty nineteen at a third of the rate 48 00:02:23,240 --> 00:02:26,200 Speaker 5: of the rest of the United States when you adjust 49 00:02:26,280 --> 00:02:30,880 Speaker 5: for inflation and population changes and so on. And that 50 00:02:31,000 --> 00:02:33,880 Speaker 5: means that you know, when Joe Biden was the candidate, 51 00:02:33,880 --> 00:02:35,760 Speaker 5: and when he was out there talking about the great 52 00:02:36,160 --> 00:02:38,560 Speaker 5: and this remarkable national recovery that we've seen in the 53 00:02:38,600 --> 00:02:44,280 Speaker 5: economy from the pandemic recession, he was talking about a 54 00:02:44,360 --> 00:02:47,360 Speaker 5: national recovery. But in the Blue Wall, that story looks 55 00:02:47,440 --> 00:02:49,519 Speaker 5: very different. And in particularly we went to a place 56 00:02:49,560 --> 00:02:52,760 Speaker 5: called Erie County. That place has been one of the 57 00:02:52,800 --> 00:02:56,040 Speaker 5: slowest places to recover from the pandemic recession. By the 58 00:02:56,200 --> 00:02:58,359 Speaker 5: end of twenty twenty two, which is the last data 59 00:02:58,400 --> 00:03:00,160 Speaker 5: we have available, it was actually three point two two 60 00:03:00,160 --> 00:03:03,919 Speaker 5: percent smaller that economy once you adjust for inflation, than 61 00:03:03,960 --> 00:03:05,440 Speaker 5: it was before the pandemic. 62 00:03:05,680 --> 00:03:08,160 Speaker 3: Well, you guys spent time and you mentioned Erie County. 63 00:03:08,160 --> 00:03:09,880 Speaker 3: You went there and talked to real people, which is 64 00:03:09,919 --> 00:03:12,560 Speaker 3: why partly this story is wonderful. One of them was 65 00:03:12,600 --> 00:03:16,120 Speaker 3: Curtis Jones Junior, former Erie Democratic City councilman. Here's what 66 00:03:16,160 --> 00:03:16,800 Speaker 3: he had to say. 67 00:03:17,280 --> 00:03:20,800 Speaker 6: We see projects, we see economic development happening, but don't 68 00:03:20,800 --> 00:03:23,400 Speaker 6: always say, oh, that's because of the Biden administration or 69 00:03:23,400 --> 00:03:26,480 Speaker 6: it's because of the governor. Like most people weren't thinking 70 00:03:26,520 --> 00:03:30,280 Speaker 6: that way. The average person is struggling. It's an interesting dichog, 71 00:03:30,480 --> 00:03:32,480 Speaker 6: almost like the tail of two cities. Right. So you've 72 00:03:32,520 --> 00:03:37,160 Speaker 6: got funding for business development economic development projects in our downtown, 73 00:03:37,360 --> 00:03:42,040 Speaker 6: but we're also seeing regrettably an increased number of un 74 00:03:42,040 --> 00:03:46,320 Speaker 6: housed and under housed in our community. Individual households are 75 00:03:46,320 --> 00:03:50,120 Speaker 6: struggling significantly because of the cost increases. 76 00:03:51,800 --> 00:03:53,880 Speaker 3: Really interesting take here, and there are two numbers that 77 00:03:53,920 --> 00:03:55,960 Speaker 3: are off the important about erie that you point out. 78 00:03:56,000 --> 00:03:59,680 Speaker 3: One GDP per capita three point two percent smaller by 79 00:03:59,680 --> 00:04:01,920 Speaker 3: the end of twenty two than it was in twenty nineteen. 80 00:04:02,880 --> 00:04:05,040 Speaker 3: The other one is Joe Biden won the county by 81 00:04:05,080 --> 00:04:09,000 Speaker 3: only fourteen hundred votes in twenty twenty. Yeah, you've put 82 00:04:09,040 --> 00:04:10,640 Speaker 3: those together. You've got a challenge. 83 00:04:10,680 --> 00:04:13,640 Speaker 5: You've got a challenge. You've also got a continuing challenge 84 00:04:13,640 --> 00:04:16,920 Speaker 5: in that the manufacturing sector there hasn't seen the recovery 85 00:04:17,360 --> 00:04:19,960 Speaker 5: that you've seen or the increase in jobs that you've 86 00:04:19,960 --> 00:04:21,960 Speaker 5: seen some of the Sun Belt states like Georgia and 87 00:04:22,040 --> 00:04:26,440 Speaker 5: Arizona and so on. It's a place that's continuing to 88 00:04:26,600 --> 00:04:30,560 Speaker 5: lose population as well. So you know, the unemployment rate 89 00:04:30,640 --> 00:04:33,960 Speaker 5: looks at a historic low, but there's ten percent fewer 90 00:04:34,000 --> 00:04:38,960 Speaker 5: people working in factories than there were just ten years ago. 91 00:04:39,120 --> 00:04:39,920 Speaker 2: That's incredible. 92 00:04:40,240 --> 00:04:42,680 Speaker 3: So talk to us more about the sun Belt states 93 00:04:42,720 --> 00:04:44,960 Speaker 3: because we've been hearing that there could be a new 94 00:04:45,000 --> 00:04:47,040 Speaker 3: path here for this heris ticket. 95 00:04:47,040 --> 00:04:49,320 Speaker 2: It's different than Biden. And yes it's Georgia. 96 00:04:49,400 --> 00:04:52,280 Speaker 3: It's also Arizona where you find that the housing squeeze 97 00:04:52,320 --> 00:04:53,520 Speaker 3: is still severe. 98 00:04:53,680 --> 00:04:53,880 Speaker 4: Yeah. 99 00:04:53,920 --> 00:04:56,560 Speaker 5: No, Look, if you look at Arizona, which has been 100 00:04:56,560 --> 00:04:58,880 Speaker 5: the real outperformer in terms of the Swing states in 101 00:04:58,960 --> 00:05:02,040 Speaker 5: terms of growth, So in terms of real GDP per 102 00:05:02,080 --> 00:05:05,520 Speaker 5: capita growth, they grew about twelve percent between twenty nineteen 103 00:05:05,560 --> 00:05:08,720 Speaker 5: and the end of twenty three. That's good, right, and 104 00:05:08,760 --> 00:05:11,159 Speaker 5: a lot of that is a result of investment in 105 00:05:11,279 --> 00:05:15,200 Speaker 5: new chips plants. There a big increase in the population there. 106 00:05:15,360 --> 00:05:18,080 Speaker 5: But again, when you start looking on the ground, you 107 00:05:18,120 --> 00:05:21,880 Speaker 5: start finding housing costs have gone up remarkably. They've doubled 108 00:05:21,920 --> 00:05:25,320 Speaker 5: since twenty nineteen. For a median household in a place 109 00:05:25,360 --> 00:05:28,400 Speaker 5: like Arizona or Nevada, they were paying eighteen to twenty 110 00:05:28,400 --> 00:05:31,320 Speaker 5: percent of their income on their mortgage on a median 111 00:05:31,400 --> 00:05:34,520 Speaker 5: house in twenty nineteen, that's now up around thirty six 112 00:05:34,640 --> 00:05:40,480 Speaker 5: thirty seven percent in those states. That's a meaningful difference 113 00:05:40,640 --> 00:05:43,839 Speaker 5: for most families in terms of just getting some shelter 114 00:05:44,000 --> 00:05:44,400 Speaker 5: over them. 115 00:05:44,440 --> 00:05:44,680 Speaker 4: Yeah. 116 00:05:44,680 --> 00:05:45,280 Speaker 2: Absolutely. 117 00:05:45,480 --> 00:05:48,039 Speaker 3: We like to say on Bloomberg that context matters, and 118 00:05:48,080 --> 00:05:49,960 Speaker 3: this is a pretty great example of a Congrats on 119 00:05:50,040 --> 00:05:52,160 Speaker 3: a great piece, John, Thanks for talking with us here 120 00:05:52,200 --> 00:05:53,039 Speaker 3: on Balance of Power. 121 00:05:53,120 --> 00:05:53,960 Speaker 5: Thanks so much for having me. 122 00:05:54,000 --> 00:05:56,200 Speaker 3: I find it of course on the podcast as well 123 00:05:56,320 --> 00:05:58,640 Speaker 3: on the terminal and online. A great story here on 124 00:05:58,680 --> 00:06:01,640 Speaker 3: the Big Take that I encourage you to check out 125 00:06:01,640 --> 00:06:03,320 Speaker 3: to have a better not just to sound smart at 126 00:06:03,320 --> 00:06:05,200 Speaker 3: the cocktail party, that'll be the case too, but to 127 00:06:05,200 --> 00:06:08,359 Speaker 3: have a better understanding of these debates that we have 128 00:06:08,440 --> 00:06:10,320 Speaker 3: every day on this program. 129 00:06:10,400 --> 00:06:11,880 Speaker 2: Each of these states brings a. 130 00:06:11,800 --> 00:06:15,760 Speaker 3: Different component and a different challenge to both campaigns, as 131 00:06:15,760 --> 00:06:18,440 Speaker 3: it's born out in the data, as well as the 132 00:06:18,480 --> 00:06:22,440 Speaker 3: real human beings we talk to. Speaking of real human beings, 133 00:06:22,480 --> 00:06:24,359 Speaker 3: we have two of them on our great panel today. 134 00:06:24,360 --> 00:06:28,680 Speaker 3: It's time to assemble. Genie Shanzo, Bloomberg Politics contributor of course, 135 00:06:28,720 --> 00:06:30,800 Speaker 3: Senior Democracy Fellow at the Center for the Study of 136 00:06:30,839 --> 00:06:35,599 Speaker 3: the Presidency in Congress, and political science professor at Iona University. 137 00:06:35,680 --> 00:06:40,159 Speaker 3: Moragi Lespie's here too, Republican strategist and founder of Bluestack Strategies. 138 00:06:40,520 --> 00:06:43,800 Speaker 3: Wonderful panel and great to see you both. Welcome today, Genie. 139 00:06:43,800 --> 00:06:45,560 Speaker 3: I'd like to ask you about some of what we 140 00:06:45,760 --> 00:06:48,560 Speaker 3: just learned. This is fascinating to me as you make 141 00:06:48,600 --> 00:06:50,880 Speaker 3: your way through the Blue Wall through the sun Belts. 142 00:06:51,080 --> 00:06:53,480 Speaker 3: Each state has a different economic story to tell, and 143 00:06:53,520 --> 00:06:56,320 Speaker 3: Kamala Harris is going to find out firsthand as she 144 00:06:56,400 --> 00:06:59,120 Speaker 3: travels to these states this week that their economies are 145 00:06:59,160 --> 00:07:01,279 Speaker 3: not in many cases keeping up with the rest of 146 00:07:01,320 --> 00:07:03,800 Speaker 3: the country. If the swing states are going to decide 147 00:07:03,800 --> 00:07:07,320 Speaker 3: this election, Genie, how does Kamala Harris win with that 148 00:07:07,440 --> 00:07:07,800 Speaker 3: in mind? 149 00:07:09,080 --> 00:07:09,279 Speaker 4: Well? 150 00:07:09,279 --> 00:07:11,040 Speaker 7: Can I first say, I need to have Sean come 151 00:07:11,080 --> 00:07:14,480 Speaker 7: talk to my students about great data driven journalism, because this, 152 00:07:14,600 --> 00:07:19,320 Speaker 7: to your point, is a great piece. And I think 153 00:07:19,560 --> 00:07:23,760 Speaker 7: what Kamala Harris does have this challenge on the economy. 154 00:07:24,120 --> 00:07:27,560 Speaker 7: Regardless about how well received she has been, people still 155 00:07:27,600 --> 00:07:31,400 Speaker 7: give the Republicans and Donald Trump much higher numbers on 156 00:07:31,480 --> 00:07:34,120 Speaker 7: the economy. This has been the story of this election, 157 00:07:34,280 --> 00:07:38,360 Speaker 7: pre Kamala Harris's ascension and post and I think the 158 00:07:38,400 --> 00:07:42,040 Speaker 7: irony of this race is that regardless of how sour 159 00:07:42,200 --> 00:07:46,480 Speaker 7: people are on the economy, Donald Trump hasn't yet been 160 00:07:46,560 --> 00:07:49,960 Speaker 7: able to use that, and it's only been a few 161 00:07:49,960 --> 00:07:54,080 Speaker 7: weeks against Kamala Harris. And we saw this on display yesterday, 162 00:07:54,480 --> 00:07:57,280 Speaker 7: right when he starts to talk about economic issues, he 163 00:07:57,360 --> 00:08:01,240 Speaker 7: seems to get distracted by things like round sizes and 164 00:08:01,720 --> 00:08:04,840 Speaker 7: his hate for Brian Kemp. And you know, part of 165 00:08:05,120 --> 00:08:08,040 Speaker 7: the irony is that you can think of almost any 166 00:08:08,120 --> 00:08:12,160 Speaker 7: traditional Republican candidate being able to make this case on 167 00:08:12,200 --> 00:08:16,120 Speaker 7: the economy against Kamala Harris. But because Donald Trump is 168 00:08:16,160 --> 00:08:19,360 Speaker 7: so distracted by the things he really cares about, like 169 00:08:19,480 --> 00:08:23,000 Speaker 7: crowd size or you know, the fact that you know 170 00:08:23,600 --> 00:08:28,040 Speaker 7: he can't figure out, you know, things about the election 171 00:08:28,200 --> 00:08:32,199 Speaker 7: being stolen in comparisons between Alabama and Mississippi and twenty twenty, 172 00:08:32,600 --> 00:08:35,160 Speaker 7: that he doesn't talk about the economy and the way 173 00:08:35,200 --> 00:08:39,800 Speaker 7: he should. And so that's where Kamala Harris gets this advantage. 174 00:08:40,160 --> 00:08:43,440 Speaker 3: Maura, Does Jenny have a point there? Staying on the 175 00:08:43,480 --> 00:08:47,880 Speaker 3: economy is productive when you look at the map here 176 00:08:48,440 --> 00:08:51,800 Speaker 3: for Donald Trump, because otherwise we're talking about advantage Trump 177 00:08:51,800 --> 00:08:55,080 Speaker 3: in all of these states, aren't we Absolutely? 178 00:08:55,080 --> 00:08:56,920 Speaker 8: And I think Jennie makes you a point that he 179 00:08:56,960 --> 00:09:00,000 Speaker 8: does get so distracted. So sometimes I kind of tally 180 00:09:00,080 --> 00:09:02,400 Speaker 8: watching yesterday, I thought, does he actually want to win? 181 00:09:02,840 --> 00:09:05,280 Speaker 8: Because if he talked about the economy, talked about safety 182 00:09:05,320 --> 00:09:08,080 Speaker 8: and security, those are two policy issues that are going 183 00:09:08,120 --> 00:09:10,640 Speaker 8: to be very important come November. And yet he gets 184 00:09:10,880 --> 00:09:13,600 Speaker 8: himself all spun up about the media not reporting his 185 00:09:13,679 --> 00:09:17,800 Speaker 8: accurate crowd sizes, comparing himself to having the same crowd 186 00:09:17,840 --> 00:09:19,520 Speaker 8: size as Martin Luther Pan Junior, and as I have 187 00:09:19,520 --> 00:09:22,560 Speaker 8: a dream speech. I mean, these are things that I 188 00:09:22,640 --> 00:09:24,920 Speaker 8: believe in about five ten years we're going to look back. 189 00:09:24,920 --> 00:09:27,080 Speaker 8: I cannot believe that this is what was said by 190 00:09:27,120 --> 00:09:29,959 Speaker 8: the not only for president, but somebody who is leading 191 00:09:30,000 --> 00:09:33,120 Speaker 8: the pack here to become the next president. So if 192 00:09:33,240 --> 00:09:36,560 Speaker 8: Republicans watching this who are running down ballot could just 193 00:09:36,640 --> 00:09:40,800 Speaker 8: focus on the economy, their policy issue that would be 194 00:09:41,800 --> 00:09:45,640 Speaker 8: strong for reelection or for election, then they will do 195 00:09:45,720 --> 00:09:47,520 Speaker 8: well come November. I don't know, like I said the 196 00:09:47,520 --> 00:09:50,160 Speaker 8: same about Donald Trump, but I do think that Republicans 197 00:09:50,200 --> 00:09:53,000 Speaker 8: should be really focused on those two main issues and 198 00:09:53,080 --> 00:09:55,720 Speaker 8: campaigning on those to make an come November. 199 00:09:56,760 --> 00:09:59,960 Speaker 3: You know, Genie, I'm struck by the presence of COVID 200 00:10:00,760 --> 00:10:04,440 Speaker 3: in the data here, the seven swing states have a 201 00:10:04,520 --> 00:10:07,680 Speaker 3: disproportionate share of their population living in counties that had 202 00:10:07,720 --> 00:10:11,440 Speaker 3: not yet recovered to their pre pandemic levels. We're talking 203 00:10:11,480 --> 00:10:14,240 Speaker 3: GDP yere by the end of twenty twenty two. And 204 00:10:14,280 --> 00:10:17,200 Speaker 3: when you isolate those counties that did not recover to 205 00:10:17,240 --> 00:10:21,240 Speaker 3: their pre pandemic level, a vast majority of them were 206 00:10:21,240 --> 00:10:24,480 Speaker 3: carried by Donald Trump in the twenty twenty election. That 207 00:10:24,520 --> 00:10:26,600 Speaker 3: could happen again here, correct. 208 00:10:28,200 --> 00:10:31,640 Speaker 7: It absolutely could. I mean, the numbers are on his 209 00:10:31,840 --> 00:10:34,560 Speaker 7: side when you look at the public opinion poll numbers. 210 00:10:34,600 --> 00:10:38,719 Speaker 7: I mean, and people really do think that if they 211 00:10:38,760 --> 00:10:41,920 Speaker 7: are asked who they trust more with their economy, it 212 00:10:42,000 --> 00:10:46,400 Speaker 7: is going to be Donald Trump and the GOP. And 213 00:10:46,480 --> 00:10:49,480 Speaker 7: I think what Kamala Harris needs to try to do 214 00:10:50,160 --> 00:10:53,960 Speaker 7: is to talk specifically about what Donald Trump has said 215 00:10:54,000 --> 00:10:57,400 Speaker 7: his plans are. Most economists say his plans as he 216 00:10:57,480 --> 00:11:01,120 Speaker 7: has laid them out are inflation are. So if we 217 00:11:01,200 --> 00:11:04,440 Speaker 7: do get a FED cut in interest rates come September, 218 00:11:04,480 --> 00:11:08,120 Speaker 7: that'll be a point for Harris and Biden to celebrate that. 219 00:11:08,440 --> 00:11:11,040 Speaker 7: Many Americans will likely see that as a sign that 220 00:11:11,080 --> 00:11:14,200 Speaker 7: inflation is going down and in the right direction. We're 221 00:11:14,240 --> 00:11:17,719 Speaker 7: moving in the right direction, and so you know, this 222 00:11:17,760 --> 00:11:20,840 Speaker 7: would be something that they could use and juxtapose what 223 00:11:20,960 --> 00:11:25,160 Speaker 7: his plans are versus her plans. But again, it's not 224 00:11:25,360 --> 00:11:28,200 Speaker 7: something she's going to have to address until and unless 225 00:11:28,240 --> 00:11:31,760 Speaker 7: he starts to talk about the economy specifically. And I 226 00:11:31,800 --> 00:11:34,520 Speaker 7: would just add his job has become harder since she 227 00:11:34,640 --> 00:11:38,080 Speaker 7: is ascended, because of course, now even though she's from 228 00:11:38,160 --> 00:11:41,960 Speaker 7: the incumbent administration, she can talk about what she plans 229 00:11:42,000 --> 00:11:45,120 Speaker 7: to do as president. She doesn't have as much defending 230 00:11:45,200 --> 00:11:46,760 Speaker 7: to do as a Joe Biden would have. 231 00:11:48,040 --> 00:11:50,640 Speaker 3: Is it just about talking about the economy, Mara. Donald 232 00:11:50,679 --> 00:11:53,880 Speaker 3: Trump can criticize Joe Biden clearly when it comes to 233 00:11:54,040 --> 00:11:58,040 Speaker 3: these data all day long. Or does he need a 234 00:11:58,200 --> 00:12:02,120 Speaker 3: plan on how to low prices? What's his inflation plan? 235 00:12:02,240 --> 00:12:04,200 Speaker 3: So far, all we've heard is drill, Baby, drill. 236 00:12:05,920 --> 00:12:08,000 Speaker 8: For are the MAGA supporters. He can just continue to 237 00:12:08,080 --> 00:12:12,760 Speaker 8: hit on the Harris Biden Biden Harris administration and the 238 00:12:12,800 --> 00:12:15,319 Speaker 8: ways that he believes they destroyed our economy. He can 239 00:12:15,400 --> 00:12:17,839 Speaker 8: hit on that all day long, and MAGA will come 240 00:12:17,880 --> 00:12:21,240 Speaker 8: out for him and will rally behind that messaging. But 241 00:12:21,280 --> 00:12:24,560 Speaker 8: I think for those voters who are not, so can 242 00:12:24,600 --> 00:12:26,560 Speaker 8: Don Trump, but really don't see any path that they're 243 00:12:26,559 --> 00:12:28,760 Speaker 8: going to over Kamala Harris. He needs to try and 244 00:12:28,800 --> 00:12:31,240 Speaker 8: reach them and convince them to vote for him as 245 00:12:31,280 --> 00:12:34,679 Speaker 8: opposed to a third party or a write in opportunity. 246 00:12:34,679 --> 00:12:36,320 Speaker 8: There So he needs to talk about what it is 247 00:12:36,320 --> 00:12:39,720 Speaker 8: that he plans on actually doing. Again, I watching some 248 00:12:39,760 --> 00:12:45,360 Speaker 8: of these rallies in Georgia, watching yesterday's speech or press conference, 249 00:12:45,679 --> 00:12:47,640 Speaker 8: it makes you feel as though he doesn't actually want 250 00:12:47,640 --> 00:12:50,079 Speaker 8: to be president. He just wants to span fare around him, 251 00:12:50,080 --> 00:12:53,920 Speaker 8: having the attention and having people you know fairly or 252 00:12:54,000 --> 00:12:56,960 Speaker 8: kindly talk about him in the media. And unfortunately for 253 00:12:57,000 --> 00:12:59,400 Speaker 8: the American people, that's going to be a problem. We 254 00:12:59,600 --> 00:13:02,480 Speaker 8: against an administration which is not reflective of what he 255 00:13:02,559 --> 00:13:05,320 Speaker 8: had in twenty twenty sixteen. Most of those people he 256 00:13:05,400 --> 00:13:08,120 Speaker 8: had with him are gone. So what is it that 257 00:13:08,160 --> 00:13:11,280 Speaker 8: he plans to do should he become president and who 258 00:13:11,320 --> 00:13:12,800 Speaker 8: is he bringing in with him? I mean, I think 259 00:13:12,800 --> 00:13:15,480 Speaker 8: these are questions that voters really need to get a 260 00:13:15,559 --> 00:13:17,880 Speaker 8: handle on before they get to the polls in November. 261 00:13:18,920 --> 00:13:21,000 Speaker 3: Well, I find it really interesting to put a cap 262 00:13:21,040 --> 00:13:23,520 Speaker 3: on this conversation about the swing states and their economies 263 00:13:23,840 --> 00:13:27,320 Speaker 3: Kamala Harris and Tim Wallas today are in Arizona and Nevada. 264 00:13:27,480 --> 00:13:31,240 Speaker 3: Donald Trump is in Bozeman, Montana, And I'll just leave 265 00:13:31,240 --> 00:13:32,520 Speaker 3: that there for right now. 266 00:13:35,640 --> 00:13:39,040 Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens 267 00:13:39,160 --> 00:13:41,920 Speaker 1: just live weekdays at noon Eastern on Apple car Play 268 00:13:41,960 --> 00:13:44,400 Speaker 1: and then roud Oto with the Bloomberg Business App. You 269 00:13:44,440 --> 00:13:47,680 Speaker 1: can also listen live on Amazon Alexa from our flagship 270 00:13:47,760 --> 00:13:52,839 Speaker 1: New York station, Just Say Alexa Play Bloomberg eleven thirty. 271 00:13:53,679 --> 00:13:56,120 Speaker 3: Welcome to the fastest show in politics, the Friday edition 272 00:13:56,520 --> 00:13:58,840 Speaker 3: of Balance of Power Live from Washington. You made it 273 00:13:58,880 --> 00:14:02,600 Speaker 3: to the threshold of the weekend as the campaigns continued travel. 274 00:14:02,640 --> 00:14:05,160 Speaker 3: We've got a couple of big ones today, importantly the 275 00:14:05,280 --> 00:14:08,480 Speaker 3: Kamala Harris Tim Walls campaign, sticking to the swing states 276 00:14:08,480 --> 00:14:12,040 Speaker 3: we've been talking about so much, Arizona and Nevada today, 277 00:14:12,559 --> 00:14:16,920 Speaker 3: where Donald Trump interestingly is in Bozeman, Montana for his 278 00:14:17,120 --> 00:14:20,560 Speaker 3: one rally of the week here raising questions about the 279 00:14:20,600 --> 00:14:24,280 Speaker 3: travel schedule, not to mention the deployment of resources in 280 00:14:24,320 --> 00:14:26,880 Speaker 3: other areas. That's where we start with Gregory Cordy, Bloomberg 281 00:14:26,920 --> 00:14:28,160 Speaker 3: Politics Reporter. 282 00:14:28,240 --> 00:14:30,200 Speaker 2: It's great to see Gregory. 283 00:14:29,840 --> 00:14:34,720 Speaker 3: These are obviously valuable days for both campaigns. And as 284 00:14:34,720 --> 00:14:38,800 Speaker 3: we watch the Democratic ticket do six swing states this week, 285 00:14:39,560 --> 00:14:43,600 Speaker 3: how is the Trump campaign managing itself in Montana? 286 00:14:44,320 --> 00:14:47,880 Speaker 2: Yeah, it seems almost like an October fever that we 287 00:14:48,000 --> 00:14:49,200 Speaker 2: have and it's only August. 288 00:14:50,280 --> 00:14:50,400 Speaker 9: You know. 289 00:14:50,520 --> 00:14:53,240 Speaker 2: Look, this was a question that form President Trump was 290 00:14:53,320 --> 00:14:55,640 Speaker 2: asked at his news conference yesterday in mar Lago. He 291 00:14:55,720 --> 00:14:59,160 Speaker 2: got testy at the question. The question was, you know, 292 00:14:59,240 --> 00:15:01,000 Speaker 2: why aren't you in this swing states? He says, Look, 293 00:15:01,000 --> 00:15:03,440 Speaker 2: I'm here, I'm talking to you, I'm campaigning from mar Logo, 294 00:15:03,440 --> 00:15:05,560 Speaker 2: I'm on the phone all the time. But you know, 295 00:15:05,840 --> 00:15:09,120 Speaker 2: the two most valuable things that any campaign has is 296 00:15:09,160 --> 00:15:12,160 Speaker 2: one is the hard money, the dollars the campaign contributions 297 00:15:12,200 --> 00:15:14,080 Speaker 2: to put up TV ads, And the other is the 298 00:15:14,080 --> 00:15:17,560 Speaker 2: candidate's time and where the candidate spends his or her time. 299 00:15:18,160 --> 00:15:21,960 Speaker 2: Says a lot about which how they see the map, 300 00:15:22,040 --> 00:15:26,280 Speaker 2: which voters they're trying to motivate. And at this point, 301 00:15:26,520 --> 00:15:30,160 Speaker 2: Kamala Harris and Tim Walls are working the swing states 302 00:15:30,160 --> 00:15:32,400 Speaker 2: and Donald Trump is working mar Lago, and as you 303 00:15:32,440 --> 00:15:35,840 Speaker 2: point out, Montana, which is very important in the Senate context. Right, 304 00:15:36,840 --> 00:15:39,520 Speaker 2: But I think both parties would agree they'd much rather 305 00:15:39,520 --> 00:15:40,120 Speaker 2: have the White House. 306 00:15:40,200 --> 00:15:42,400 Speaker 3: So let's talk about this news conference. By the way, 307 00:15:42,440 --> 00:15:45,360 Speaker 3: it was a news conference. There were actual reporters questions, 308 00:15:45,360 --> 00:15:46,760 Speaker 3: which is not always. 309 00:15:46,560 --> 00:15:49,080 Speaker 2: Including one from our own Nancy Cook, who was there. 310 00:15:49,200 --> 00:15:49,640 Speaker 2: That's right. 311 00:15:49,720 --> 00:15:52,120 Speaker 3: Yeah, the couple of planted questions too, I understand from 312 00:15:52,160 --> 00:15:54,760 Speaker 3: some of the folks who were there, asking about various things. 313 00:15:54,840 --> 00:15:58,120 Speaker 3: But we played the greatest hits here. I don't think 314 00:15:58,160 --> 00:16:00,640 Speaker 3: Hannibal lecture made an appearance, but all the other stuff 315 00:16:00,680 --> 00:16:04,440 Speaker 3: did here, including crowd sizes. We're doing crowd so he's 316 00:16:04,480 --> 00:16:08,000 Speaker 3: talking about mlk's crowd size for the iyead of a 317 00:16:08,080 --> 00:16:11,960 Speaker 3: dream speech. Isn't that the definition of a distraction ed? 318 00:16:12,040 --> 00:16:14,240 Speaker 2: You remember a couple of weeks ago we were in 319 00:16:14,280 --> 00:16:17,280 Speaker 2: Milwaukee at the Republican Convention. We were talking about how 320 00:16:17,400 --> 00:16:21,320 Speaker 2: after the assassination attempt, the attempt on Trump's life, he 321 00:16:21,440 --> 00:16:23,600 Speaker 2: was going to be a sort of a new candidate. 322 00:16:23,640 --> 00:16:25,720 Speaker 2: He was going to have a sort of rhetoric. He 323 00:16:25,920 --> 00:16:29,240 Speaker 2: was going to downplay all of the those sort of 324 00:16:29,240 --> 00:16:33,120 Speaker 2: greatest hits that you're talking about. And of course, you know, 325 00:16:33,160 --> 00:16:36,280 Speaker 2: we're right back to the same Trump. He can't help himself. 326 00:16:36,360 --> 00:16:38,960 Speaker 2: It doesn't matter whether it's a rally or a convention 327 00:16:39,480 --> 00:16:43,560 Speaker 2: nomination acceptance speech or a press conference. He's going to 328 00:16:43,600 --> 00:16:46,320 Speaker 2: go back to some of those same themes as as 329 00:16:46,360 --> 00:16:50,520 Speaker 2: he always does, you know, and his divergences. We didn't get, 330 00:16:50,560 --> 00:16:52,840 Speaker 2: as you said, Hannimal elector. We did get a little 331 00:16:52,840 --> 00:16:55,480 Speaker 2: bit of an aside on the acoustics of mar A Lago. 332 00:16:55,240 --> 00:16:57,040 Speaker 3: How much it was worth eighteen million? 333 00:16:57,120 --> 00:17:00,640 Speaker 2: Eighteen million is according to that room, I think, Yeah, 334 00:17:00,680 --> 00:17:05,320 Speaker 2: so it's this is the Trump we have come to 335 00:17:05,400 --> 00:17:06,919 Speaker 2: know as Americans. 336 00:17:07,240 --> 00:17:10,159 Speaker 3: The Trump you're gonna get apparently attempted assassination or not. 337 00:17:11,400 --> 00:17:14,480 Speaker 3: But we're playing with some pretty hot stuff here. It's 338 00:17:14,480 --> 00:17:19,159 Speaker 3: not just crowd sizes, it's racial tropes, it's stolen valor. 339 00:17:20,040 --> 00:17:23,600 Speaker 2: Is this the campaign? Again? This goes back to I 340 00:17:23,600 --> 00:17:26,200 Speaker 2: think the comment I made earlier, like this feels like October. 341 00:17:26,280 --> 00:17:28,479 Speaker 2: These are October level attack. 342 00:17:28,560 --> 00:17:30,840 Speaker 3: October's in five minutes, by the way, and we are 343 00:17:30,880 --> 00:17:31,399 Speaker 3: in the sprint. 344 00:17:31,440 --> 00:17:31,600 Speaker 4: Now. 345 00:17:31,640 --> 00:17:34,119 Speaker 2: This is the fast forward time. Absolutely. Although you know, 346 00:17:34,680 --> 00:17:36,399 Speaker 2: there used to be a day I'm old enough to 347 00:17:36,440 --> 00:17:39,719 Speaker 2: remember when before Labor Day, both parties kind of thought, well, 348 00:17:39,720 --> 00:17:42,280 Speaker 2: people aren't really paying attention. Yeah right, you know, we'll 349 00:17:42,320 --> 00:17:46,959 Speaker 2: do some organizational work. I keep hearing that, actually, but no, 350 00:17:47,200 --> 00:17:50,080 Speaker 2: it is with the dog days. We haven't even had 351 00:17:50,119 --> 00:17:53,200 Speaker 2: the Democratic Convention yet, and these kind of fever pitch 352 00:17:53,240 --> 00:17:56,520 Speaker 2: attacks which have become more common in American politics over 353 00:17:56,520 --> 00:17:59,399 Speaker 2: the past decade or so. Certainly Trump has contributed to it, 354 00:17:59,760 --> 00:18:03,880 Speaker 2: but you know, to be fair, Democrats also have engaged 355 00:18:03,880 --> 00:18:08,280 Speaker 2: in some somewhat crude insinuations about JD. Vance, which I'm 356 00:18:08,280 --> 00:18:10,400 Speaker 2: not going to repeat here, but I think people can 357 00:18:10,440 --> 00:18:14,760 Speaker 2: probably use their imagination it's a furniture related I know, yeah, 358 00:18:14,840 --> 00:18:17,840 Speaker 2: something I have attack. I heard that. You know, this 359 00:18:17,960 --> 00:18:19,760 Speaker 2: is the state of our politics now. 360 00:18:19,880 --> 00:18:22,480 Speaker 3: Yeah, well, so let's talk about the Democrats more for 361 00:18:22,520 --> 00:18:25,120 Speaker 3: a minute, because Klina Harris getting a lot of criticism, 362 00:18:25,160 --> 00:18:26,960 Speaker 3: and you could even argue the main reason why Donald 363 00:18:26,960 --> 00:18:29,919 Speaker 3: Trump did that yesterday is because people want her to 364 00:18:29,920 --> 00:18:32,440 Speaker 3: have a news conference stand there for forty five minutes, 365 00:18:32,520 --> 00:18:34,320 Speaker 3: or an our take question sit down, have a hard 366 00:18:34,359 --> 00:18:37,920 Speaker 3: hitting interview with a journalist. I don't know if they're 367 00:18:37,960 --> 00:18:40,280 Speaker 3: at the point yet where they have to do this. 368 00:18:40,520 --> 00:18:42,600 Speaker 3: As you said, we're going into the convention. There are 369 00:18:42,640 --> 00:18:45,120 Speaker 3: a lot of things happening. They're introducing a running mate, 370 00:18:45,600 --> 00:18:46,840 Speaker 3: but there is something real to that. 371 00:18:47,440 --> 00:18:49,640 Speaker 2: Well, yes, and as you know, because you have been 372 00:18:50,160 --> 00:18:53,000 Speaker 2: in this business a long time too, that the longer 373 00:18:53,080 --> 00:18:56,680 Speaker 2: she goes without doing it, the more the bubble inflates. 374 00:18:56,240 --> 00:18:58,840 Speaker 3: The harder that interview will be stations. 375 00:18:59,119 --> 00:19:01,720 Speaker 2: Fall on that in or that press conference or whatever 376 00:19:01,800 --> 00:19:04,440 Speaker 2: venue would take. She did take some questions, a few 377 00:19:04,440 --> 00:19:07,280 Speaker 2: of them on the tarmac yesterday, I think it was. 378 00:19:08,560 --> 00:19:13,159 Speaker 2: But yeah, look, this is she has won the Democratic 379 00:19:13,160 --> 00:19:17,760 Speaker 2: nomination for president without a single delegate voting or a 380 00:19:17,840 --> 00:19:21,320 Speaker 2: single primary caucus voter voting for one of her delegates. 381 00:19:21,359 --> 00:19:23,600 Speaker 2: Those delegates have now switched over to her. But she 382 00:19:23,640 --> 00:19:25,400 Speaker 2: has not had to make the case in the same 383 00:19:25,720 --> 00:19:29,040 Speaker 2: grueling primary process that we usually put our presidential candidates 384 00:19:29,040 --> 00:19:31,320 Speaker 2: through of why she's the best candidate for president of 385 00:19:31,320 --> 00:19:33,600 Speaker 2: the United States. She is not on the record on 386 00:19:33,640 --> 00:19:36,280 Speaker 2: a number of different questions of how her views of 387 00:19:36,320 --> 00:19:39,480 Speaker 2: the world may differ from the person who she has 388 00:19:39,520 --> 00:19:42,360 Speaker 2: served under as president and Joe Biden, And so yeah, 389 00:19:42,359 --> 00:19:44,679 Speaker 2: those questions are going to mount until she starts to 390 00:19:44,720 --> 00:19:46,640 Speaker 2: go out and answer some of them. I still say 391 00:19:46,640 --> 00:19:48,800 Speaker 2: they take the edge off by doing it. Sit down 392 00:19:48,840 --> 00:19:50,040 Speaker 2: with the two of them, right. 393 00:19:50,359 --> 00:19:54,159 Speaker 3: Kamala Harris, Tim Wall, sit down with the friendly whatever, 394 00:19:54,240 --> 00:19:56,960 Speaker 3: do entertainment, whatever you gotta do, and then and then 395 00:19:57,040 --> 00:19:57,680 Speaker 3: follow it up. 396 00:19:57,640 --> 00:20:00,040 Speaker 2: With the hard hitting interview. You start with the I 397 00:20:00,320 --> 00:20:02,600 Speaker 2: am getting campaign advice on it. Do a little bit 398 00:20:02,600 --> 00:20:03,480 Speaker 2: of lifestyle. 399 00:20:04,240 --> 00:20:06,640 Speaker 3: Dare I say couch? You said, do the couch interview 400 00:20:06,640 --> 00:20:09,240 Speaker 3: on the morning show. Right, that's what's coming, Okay, campaign 401 00:20:09,280 --> 00:20:10,240 Speaker 3: advice from Gregor. 402 00:20:10,000 --> 00:20:10,680 Speaker 2: Recording, not me. 403 00:20:11,320 --> 00:20:14,280 Speaker 3: It's great to see you, Bloomberg politics reporter. Not your job, indeed, 404 00:20:14,320 --> 00:20:16,040 Speaker 3: but he covers politics the best of them, and it's 405 00:20:16,040 --> 00:20:18,680 Speaker 3: great to have you at the table always, Greigory, I'm Joe, 406 00:20:18,680 --> 00:20:22,600 Speaker 3: Matthew and Washington. As we recall the news conference at 407 00:20:22,640 --> 00:20:24,600 Speaker 3: mar A Lago, you saw and heard it live in 408 00:20:24,640 --> 00:20:28,240 Speaker 3: its entirety. Well, we were just talking about this a 409 00:20:28,280 --> 00:20:31,800 Speaker 3: short time ago. Here's a taste of Donald Trump holding 410 00:20:31,840 --> 00:20:34,320 Speaker 3: forth with reporters at mari A Lago. 411 00:20:35,400 --> 00:20:37,879 Speaker 10: If you look at January sixth, which a lot of 412 00:20:37,920 --> 00:20:40,080 Speaker 10: people aren't talking about very much, I think those people 413 00:20:40,119 --> 00:20:42,680 Speaker 10: were treated very harshly when you compare them to other 414 00:20:42,720 --> 00:20:44,600 Speaker 10: things that took place in this country where a lot 415 00:20:44,600 --> 00:20:47,040 Speaker 10: of people were killed. Nobody was killed on January six 416 00:20:47,280 --> 00:20:49,960 Speaker 10: Of course, there'll be a peaceful transfer, and there was 417 00:20:50,080 --> 00:20:52,879 Speaker 10: last time, and there'll be a peaceful transfer. I just 418 00:20:52,920 --> 00:20:54,960 Speaker 10: hope we're going to have honest elections. So I think 419 00:20:55,000 --> 00:20:58,560 Speaker 10: the abortion issue has written very much tempered down. Nobody's 420 00:20:58,560 --> 00:21:01,640 Speaker 10: spoke into crowds bigger than me. If you look at 421 00:21:01,680 --> 00:21:05,639 Speaker 10: Martin Luther King when he did his speech, his great speech, 422 00:21:06,320 --> 00:21:10,240 Speaker 10: and you look at ours, same real estate, same everything, 423 00:21:11,000 --> 00:21:12,080 Speaker 10: same number of people. 424 00:21:12,160 --> 00:21:13,440 Speaker 1: If not, we had more. 425 00:21:16,600 --> 00:21:18,480 Speaker 3: To think that was out of an hour, we could 426 00:21:18,560 --> 00:21:21,000 Speaker 3: keep playing things for quite a while. The Associated Press, 427 00:21:21,040 --> 00:21:22,800 Speaker 3: by the way, did a little bit of homework on that. 428 00:21:22,840 --> 00:21:25,240 Speaker 3: For the record, Martin Luther King Junior's crowd that day 429 00:21:25,359 --> 00:21:29,040 Speaker 3: was twenty five times larger than Donald Trump's was on 430 00:21:29,080 --> 00:21:31,359 Speaker 3: the sixth of January, not to mention some of the 431 00:21:31,359 --> 00:21:33,879 Speaker 3: other things that happened that day. As he refers to 432 00:21:33,920 --> 00:21:37,760 Speaker 3: a peaceful transition of power. This is where we start 433 00:21:37,760 --> 00:21:41,960 Speaker 3: our conversation with the gentleman from Maryland. Congressman Glenn Ivy 434 00:21:42,040 --> 00:21:47,639 Speaker 3: is with US Democrat representing Maryland's fourth District, which I 435 00:21:47,760 --> 00:21:49,840 Speaker 3: drive through every day on my way to work. Congressman, 436 00:21:49,880 --> 00:21:51,560 Speaker 3: it's great to see you, Thanks for coming in, thanks 437 00:21:51,600 --> 00:21:52,879 Speaker 3: for having me. It's a pleasure to have you in 438 00:21:52,960 --> 00:21:54,720 Speaker 3: person here. I'm not going to drag you through this 439 00:21:54,800 --> 00:21:57,560 Speaker 3: campaign stuff for our entire conversation, because there are a 440 00:21:57,600 --> 00:21:59,280 Speaker 3: couple of issues I'd really like to hit with you. 441 00:22:00,200 --> 00:22:00,800 Speaker 2: Start there. 442 00:22:00,920 --> 00:22:05,200 Speaker 3: The rhetoric that we're hearing in this campaign is one 443 00:22:05,240 --> 00:22:06,639 Speaker 3: that's concerning. 444 00:22:06,240 --> 00:22:07,040 Speaker 2: A lot of folks. 445 00:22:07,119 --> 00:22:13,479 Speaker 3: Is we're now regressing in serracial tropes, stolen valor the 446 00:22:13,520 --> 00:22:16,680 Speaker 3: rest that you're hearing along with us. How does the 447 00:22:16,760 --> 00:22:18,879 Speaker 3: Harris Walls campaign respond to that? 448 00:22:20,440 --> 00:22:23,360 Speaker 9: Well, so far, I think they've been able to almost 449 00:22:23,400 --> 00:22:27,720 Speaker 9: ignore it because many of those comments contain critiques within themselves. 450 00:22:27,880 --> 00:22:30,920 Speaker 9: I mean, I think it depends up to see how 451 00:22:30,920 --> 00:22:34,320 Speaker 9: things play out and if he keeps doing press conferences 452 00:22:34,359 --> 00:22:37,800 Speaker 9: like the one yesterday where it's just one bizarre statement 453 00:22:37,840 --> 00:22:38,520 Speaker 9: after another. 454 00:22:39,840 --> 00:22:41,040 Speaker 2: The January sixth. 455 00:22:40,760 --> 00:22:43,200 Speaker 9: Comments, for example, where you've had I think over a 456 00:22:43,280 --> 00:22:46,240 Speaker 9: thousand people have been convicted of criminal offenses, some for 457 00:22:46,320 --> 00:22:49,800 Speaker 9: sedition and things like that. He keeps trying to downplay 458 00:22:49,840 --> 00:22:51,760 Speaker 9: these things and that like they were just tourists there 459 00:22:51,840 --> 00:22:56,040 Speaker 9: that day, but that's obviously preposterous. So you know, he'll 460 00:22:56,119 --> 00:22:59,480 Speaker 9: keep undermining his own campaign the way your commentators talked 461 00:22:59,480 --> 00:23:02,840 Speaker 9: about previously. I'm pleased with the way Harris and Walls 462 00:23:02,840 --> 00:23:06,520 Speaker 9: are focusing on issues. I think American voters are more 463 00:23:06,560 --> 00:23:09,240 Speaker 9: interested in hearing about some of which you just touched 464 00:23:09,280 --> 00:23:11,600 Speaker 9: on a few minutes ago, like the economy. Yeah, and 465 00:23:12,000 --> 00:23:14,280 Speaker 9: I think we have to, you know, stay on our track. 466 00:23:14,359 --> 00:23:17,320 Speaker 9: And I don't know if they'll ever get on track themselves, 467 00:23:17,320 --> 00:23:18,879 Speaker 9: but I think it's we're going in the right direction. 468 00:23:18,920 --> 00:23:21,760 Speaker 3: Should Governor Walls clarify some of the questions about his 469 00:23:21,960 --> 00:23:24,320 Speaker 3: military career? Is that part of the campaign? 470 00:23:24,560 --> 00:23:25,960 Speaker 2: Yeah, I think he's talked about that some. 471 00:23:27,080 --> 00:23:29,280 Speaker 9: You know, My view so far is that, you know, 472 00:23:29,400 --> 00:23:31,520 Speaker 9: I think the focus has been on the use of 473 00:23:31,560 --> 00:23:34,280 Speaker 9: the term war. You know, the United States was at 474 00:23:34,280 --> 00:23:37,520 Speaker 9: war essentially with you know, over in Afghanistan at the time, 475 00:23:37,600 --> 00:23:40,080 Speaker 9: so I think it's factually correct on its face. But 476 00:23:40,560 --> 00:23:43,400 Speaker 9: the larger piece, you know, he was in I think 477 00:23:43,720 --> 00:23:46,359 Speaker 9: the Guard for twenty four years if I'm not mistaken, 478 00:23:46,520 --> 00:23:47,679 Speaker 9: and he left. 479 00:23:47,560 --> 00:23:49,600 Speaker 3: Two months before his unit deployed to a rock. They're 480 00:23:49,600 --> 00:23:52,200 Speaker 3: saying that he abandoned his brothers on arms. That's a 481 00:23:52,280 --> 00:23:52,960 Speaker 3: heavy charge. 482 00:23:53,000 --> 00:23:55,040 Speaker 9: It's a heavy charge. I think he left to run 483 00:23:55,080 --> 00:23:57,080 Speaker 9: for Congress. I thought it was ten months too, but 484 00:23:57,240 --> 00:24:00,200 Speaker 9: maybe I've got the wrong number. But the bottom line 485 00:24:00,240 --> 00:24:03,399 Speaker 9: is there's no indication of any kind of misconduct or 486 00:24:03,440 --> 00:24:06,119 Speaker 9: stolen valor or anything along those lines. And when you 487 00:24:06,160 --> 00:24:10,080 Speaker 9: contrast that with Donald Trump, who pretty much ducked out 488 00:24:10,119 --> 00:24:13,280 Speaker 9: on service during the Vietnam era, he got the doctor 489 00:24:13,320 --> 00:24:17,040 Speaker 9: in his father's building to give him a bone spurs Deferral, 490 00:24:18,240 --> 00:24:18,600 Speaker 9: I don't know. 491 00:24:18,640 --> 00:24:20,359 Speaker 2: I don't know if he's yeah, I don't know if 492 00:24:20,359 --> 00:24:21,640 Speaker 2: he can cast the first stone. 493 00:24:21,720 --> 00:24:24,440 Speaker 3: So well, you wonder if they're trying to encourage that debate, 494 00:24:24,480 --> 00:24:26,399 Speaker 3: which would be curious. 495 00:24:27,040 --> 00:24:27,560 Speaker 2: Congressman. 496 00:24:27,760 --> 00:24:31,080 Speaker 3: I guess broadly though, we're talking about they call this 497 00:24:31,160 --> 00:24:34,600 Speaker 3: the vibes campaign. There's this new energy that has changed 498 00:24:35,000 --> 00:24:36,400 Speaker 3: the ground under our feet. 499 00:24:37,359 --> 00:24:38,560 Speaker 2: You can speak to that as you wish. 500 00:24:38,560 --> 00:24:41,080 Speaker 3: You're a Democrat, I'm sure you're very excited about what's happening, 501 00:24:41,119 --> 00:24:41,440 Speaker 3: But have. 502 00:24:41,359 --> 00:24:43,560 Speaker 2: You ever seen a moment like this. 503 00:24:44,880 --> 00:24:49,000 Speaker 3: We're an aircraft carrier of a presidential campaign turned on 504 00:24:49,080 --> 00:24:49,520 Speaker 3: a dime. 505 00:24:50,400 --> 00:24:51,879 Speaker 2: No, this has been in two weeks. 506 00:24:51,960 --> 00:24:54,960 Speaker 9: Yeah, this is pretty dramatic. And you know, the Obama 507 00:24:55,000 --> 00:24:58,159 Speaker 9: campaign in eight had similar kinds of energy, but it 508 00:24:58,200 --> 00:24:59,840 Speaker 9: took a long time for it to ramp up to 509 00:24:59,840 --> 00:25:04,320 Speaker 9: the point a little bit nineteen sixty eight Bobby Kennedy, 510 00:25:04,400 --> 00:25:07,520 Speaker 9: just as he was hitting his stride before he was assassinated. 511 00:25:08,240 --> 00:25:11,719 Speaker 9: But that's kind of it in my recollection. And you know, 512 00:25:11,760 --> 00:25:13,960 Speaker 9: I think she's doing a couple things with that that 513 00:25:14,000 --> 00:25:16,840 Speaker 9: are positive. One is she's sustaining it. It looks like 514 00:25:16,880 --> 00:25:18,679 Speaker 9: the walls pick. I know there were some people that 515 00:25:18,760 --> 00:25:23,080 Speaker 9: wanted other selections, but it looks like it's worked out 516 00:25:23,280 --> 00:25:26,240 Speaker 9: very well and sort of rallied the troops in any event, 517 00:25:26,320 --> 00:25:31,199 Speaker 9: including you know, people who wanted other candidates to be picked. 518 00:25:31,640 --> 00:25:34,280 Speaker 9: And I think she's also continuing to dominate the media. 519 00:25:34,320 --> 00:25:36,359 Speaker 9: I think part of the reason Trump had the press 520 00:25:36,359 --> 00:25:40,119 Speaker 9: conference yesterday was he's been sidelined in part by his 521 00:25:40,160 --> 00:25:42,800 Speaker 9: own silly comments, but also because of the rise of 522 00:25:42,840 --> 00:25:45,359 Speaker 9: her campaign, and I think he's trying to figure out 523 00:25:45,400 --> 00:25:47,240 Speaker 9: a way to get back into it. They had advance 524 00:25:47,320 --> 00:25:49,520 Speaker 9: following them around for a couple of days, kind of. 525 00:25:49,760 --> 00:25:51,439 Speaker 2: Jose pressed up against the window. 526 00:25:51,640 --> 00:25:53,840 Speaker 9: Yeah, it was kind of funny, but you know it's 527 00:25:53,880 --> 00:25:56,400 Speaker 9: clear that they're a little desperate and confused about how 528 00:25:56,400 --> 00:25:56,880 Speaker 9: to go forward. 529 00:25:57,000 --> 00:25:58,720 Speaker 3: She need to hold the news conference, do some of 530 00:25:58,760 --> 00:26:00,920 Speaker 3: these interviews. That's the challenge right now, is that she's 531 00:26:00,920 --> 00:26:01,880 Speaker 3: not answering questions. 532 00:26:02,040 --> 00:26:03,880 Speaker 2: Yeah, I don't mind her doing that. 533 00:26:03,960 --> 00:26:06,000 Speaker 9: I think it's there's going to be a plenty of 534 00:26:06,040 --> 00:26:09,160 Speaker 9: time for a variety of types of news conferences like that. 535 00:26:09,560 --> 00:26:15,399 Speaker 9: But the introducing herself and her vice presidential candidate, I 536 00:26:15,400 --> 00:26:17,000 Speaker 9: think are the way to go right now. So I 537 00:26:17,080 --> 00:26:20,240 Speaker 9: like the speeches in the battleground states, The big rallies 538 00:26:20,280 --> 00:26:24,320 Speaker 9: make sense. Continuing to push the high energy events make 539 00:26:24,359 --> 00:26:26,440 Speaker 9: a lot of sense, and you know she can ride 540 00:26:26,440 --> 00:26:26,800 Speaker 9: that out. 541 00:26:26,840 --> 00:26:28,280 Speaker 2: I think going forward. 542 00:26:28,800 --> 00:26:30,840 Speaker 3: I want to ask you about the Senate race in Maryland. 543 00:26:30,880 --> 00:26:36,440 Speaker 3: You've endorsed Angela also Brooks, who's running against a Republican 544 00:26:37,200 --> 00:26:40,000 Speaker 3: who's not talking a lot like a Republican. Larry Hogan, 545 00:26:40,040 --> 00:26:42,920 Speaker 3: you're a former governor, is criticizing Donald Trump. 546 00:26:43,040 --> 00:26:43,919 Speaker 2: Is very disappointed. 547 00:26:43,960 --> 00:26:46,480 Speaker 3: He said by the news conference, we need to do 548 00:26:46,560 --> 00:26:49,320 Speaker 3: is focus on the issues. He held a news conference 549 00:26:49,680 --> 00:26:51,840 Speaker 3: or an interview, I should say, rather with punch bowl, 550 00:26:52,200 --> 00:26:54,720 Speaker 3: and he was talking about his opponent, Angela Also Brooks, 551 00:26:54,760 --> 00:26:58,479 Speaker 3: of course, Prince George's county executive who's running for an 552 00:26:58,560 --> 00:27:01,680 Speaker 3: historic candidacy for Senate. Larry Hogan said, my opponent really 553 00:27:01,680 --> 00:27:04,720 Speaker 3: wants to make this about red versus blue, just Democrat 554 00:27:04,840 --> 00:27:07,560 Speaker 3: versus Republican. Probably take the names off the ballots and 555 00:27:07,600 --> 00:27:10,000 Speaker 3: all of our records and say you have to vote blue. 556 00:27:10,240 --> 00:27:11,200 Speaker 2: Our campaign, he. 557 00:27:11,160 --> 00:27:14,479 Speaker 3: Says, is about red, white and blue. Is there some 558 00:27:14,520 --> 00:27:15,040 Speaker 3: truth to that? 559 00:27:16,520 --> 00:27:19,000 Speaker 9: Not on the ads that I've seen, the ads I've seen. 560 00:27:19,080 --> 00:27:23,840 Speaker 9: He's running as a Democrat basically, so he said yesterday, 561 00:27:23,840 --> 00:27:26,960 Speaker 9: I saw one of his ads is choosing people over politics. 562 00:27:27,320 --> 00:27:31,920 Speaker 9: Now that is the House Democrats slogan for this cycle 563 00:27:32,200 --> 00:27:35,120 Speaker 9: that we hear from Haakim Jefferys. Yeah, exactly. And then 564 00:27:35,160 --> 00:27:36,399 Speaker 9: he's he talked about abortion. 565 00:27:36,560 --> 00:27:38,639 Speaker 3: So he's not a real Republican, that is what you're saying. 566 00:27:38,760 --> 00:27:40,920 Speaker 9: Well, he certainly isn't running on their issues, and he's 567 00:27:40,920 --> 00:27:44,480 Speaker 9: a million miles away from you know what Donald Trump's 568 00:27:44,520 --> 00:27:48,400 Speaker 9: focus could be. I suppose, given what his commentaries have been. 569 00:27:48,680 --> 00:27:51,560 Speaker 9: The problem is twofold one is his record, which is 570 00:27:51,600 --> 00:27:54,199 Speaker 9: I think more significant than what he's saying now. He 571 00:27:54,280 --> 00:27:58,360 Speaker 9: was never supportive, particularly of abortion rights, and so he's 572 00:27:58,400 --> 00:28:00,520 Speaker 9: able to get away with that because it's races for 573 00:28:00,600 --> 00:28:04,960 Speaker 9: governor occurred before Dobbs repealed Roby Wade. Now he can't 574 00:28:05,000 --> 00:28:07,600 Speaker 9: do that, and the big problem he's got is that 575 00:28:07,640 --> 00:28:09,840 Speaker 9: if he does get elected, he's already said he would 576 00:28:09,840 --> 00:28:12,760 Speaker 9: sit with the Republican caucus. What that would mean is 577 00:28:12,760 --> 00:28:16,199 Speaker 9: fifty one votes. That has an impact on future Supreme 578 00:28:16,240 --> 00:28:19,960 Speaker 9: Court selections, which certainly Democrats in Maryland are troubled by 579 00:28:19,960 --> 00:28:22,560 Speaker 9: what Trump's done to the Supreme Court already. And then 580 00:28:22,600 --> 00:28:25,639 Speaker 9: on the abortion issue, which there's a huge wing in 581 00:28:25,680 --> 00:28:28,439 Speaker 9: the Republican Party that really wants to nationalize the bands 582 00:28:28,480 --> 00:28:30,919 Speaker 9: that have taken place in some states. And then you 583 00:28:30,960 --> 00:28:33,520 Speaker 9: get to gun violence and other issues along those lines 584 00:28:33,560 --> 00:28:37,000 Speaker 9: where you know the Republicans, for example, just on guns, 585 00:28:37,880 --> 00:28:41,600 Speaker 9: ghost guns, you know, you can't get one Republican co 586 00:28:41,720 --> 00:28:44,880 Speaker 9: sponsor to banned ghost guns in the House, which is crazy. 587 00:28:45,000 --> 00:28:46,720 Speaker 9: I mean, the only reason you would have a ghost 588 00:28:46,720 --> 00:28:49,400 Speaker 9: gun is if you want to evade prosecution because there's 589 00:28:49,400 --> 00:28:50,280 Speaker 9: no serial numbers. 590 00:28:50,400 --> 00:28:52,480 Speaker 2: These are the guns of the serial number scratch. That's right. 591 00:28:53,080 --> 00:28:56,400 Speaker 9: Guns are made without serial numbers at all, just so 592 00:28:56,440 --> 00:28:59,920 Speaker 9: that you can avoid prosecution. We can't get one republic 593 00:29:00,040 --> 00:29:02,040 Speaker 9: Can co sponsor. He's not going to be able to 594 00:29:02,120 --> 00:29:05,200 Speaker 9: duck those kinds of issues. I don't think as we 595 00:29:05,240 --> 00:29:07,600 Speaker 9: go forward, as. 596 00:29:07,400 --> 00:29:09,840 Speaker 2: You consider all the questions. 597 00:29:09,880 --> 00:29:13,680 Speaker 3: You hear the issues that arise from Oxen Hill from 598 00:29:13,720 --> 00:29:17,880 Speaker 3: your district, and now the need for money to rebuild 599 00:29:18,480 --> 00:29:21,200 Speaker 3: the Francis Scott Key Bridge in our remaining moment. How 600 00:29:21,240 --> 00:29:22,480 Speaker 3: are you going to get that done? Is that in 601 00:29:22,520 --> 00:29:24,200 Speaker 3: the lame duck? Is it next year? 602 00:29:24,480 --> 00:29:25,160 Speaker 2: How do you get No? 603 00:29:25,200 --> 00:29:27,080 Speaker 9: I think the pushes to try and get it done now, 604 00:29:27,120 --> 00:29:29,720 Speaker 9: and obviously what happens in November could have an impact 605 00:29:29,800 --> 00:29:32,160 Speaker 9: on that in a very significant way. We need to 606 00:29:32,200 --> 00:29:34,560 Speaker 9: get the funding up front for the bridge because it's 607 00:29:34,600 --> 00:29:36,680 Speaker 9: going to take years for the insurance cases. 608 00:29:36,800 --> 00:29:38,400 Speaker 2: You need to get this done before the election. Is 609 00:29:38,440 --> 00:29:39,000 Speaker 2: your point? 610 00:29:39,640 --> 00:29:43,120 Speaker 9: Well, well, I'm saying that depending on who wins. I 611 00:29:43,160 --> 00:29:45,360 Speaker 9: don't know what Trump would do if he gets elect 612 00:29:45,360 --> 00:29:47,040 Speaker 9: that would jeopardize funding for the bridge. 613 00:29:47,320 --> 00:29:48,000 Speaker 2: I think it could. 614 00:29:48,200 --> 00:29:50,720 Speaker 9: Yeah, I mean he's some of the things that he's 615 00:29:50,760 --> 00:29:54,880 Speaker 9: talked about and the Trump Project twenty twenty five, you know, 616 00:29:54,960 --> 00:29:57,840 Speaker 9: policy positions, we're talking about all kinds of radical changes. 617 00:29:57,880 --> 00:30:01,040 Speaker 9: Another one, the House Republicans came out with a paper 618 00:30:01,080 --> 00:30:05,880 Speaker 9: to eliminate building the new FBI headquarters and shut that 619 00:30:06,000 --> 00:30:08,720 Speaker 9: down even though we've been awarded that in Maryland and 620 00:30:08,760 --> 00:30:11,160 Speaker 9: try and move the whole thing to Alabama, which is like. 621 00:30:11,120 --> 00:30:15,000 Speaker 3: A little to go to Quantico. Yeah, you knows when 622 00:30:15,000 --> 00:30:17,040 Speaker 3: I'm really glad you came in. We want to keep 623 00:30:17,040 --> 00:30:18,600 Speaker 3: tabs with you, and I want to see you in Chicago. 624 00:30:18,640 --> 00:30:20,680 Speaker 3: You're going to be at the DNC, right absolutely. I 625 00:30:20,720 --> 00:30:22,480 Speaker 3: look forward to seeing you there. Let's make a plan 626 00:30:22,520 --> 00:30:25,280 Speaker 3: we'll meet right here on this program. Glenn Ivy, the 627 00:30:25,320 --> 00:30:29,880 Speaker 3: Democrat from Maryland Oxen Hill. As I said, we drive 628 00:30:29,960 --> 00:30:31,720 Speaker 3: through the district every day on our way to work. 629 00:30:31,840 --> 00:30:33,640 Speaker 2: We'll have a lot more ahead. This is Bloomberg. 630 00:30:37,360 --> 00:30:40,880 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 631 00:30:40,960 --> 00:30:44,720 Speaker 1: Just Live weekdays at noon Eastern on epocarplaying Thenronoto with 632 00:30:44,800 --> 00:30:47,920 Speaker 1: the Bloomberg Business app. Listen on demand wherever you get 633 00:30:47,960 --> 00:30:51,240 Speaker 1: your podcasts, or watch us live on YouTube. 634 00:30:53,280 --> 00:30:55,200 Speaker 3: Pretty remarkable to think that in one week we're on 635 00:30:55,200 --> 00:30:57,120 Speaker 3: our way to Chicago and we're going to be bringing 636 00:30:57,160 --> 00:31:01,080 Speaker 3: you special coverage show of the Democratic National Convention in Chicago. 637 00:31:01,560 --> 00:31:04,920 Speaker 3: With so many issues flying around this campaign, whether it's 638 00:31:04,960 --> 00:31:09,120 Speaker 3: the economy, abortion, the border, or yes, geopolitics, and we 639 00:31:09,160 --> 00:31:11,440 Speaker 3: hear a lot about how voters tend not to key 640 00:31:11,520 --> 00:31:15,560 Speaker 3: their decisions off geopolitical stories, but foreign policy might well 641 00:31:15,600 --> 00:31:18,640 Speaker 3: make the grade, considering two hot wars underway right now, 642 00:31:19,200 --> 00:31:23,800 Speaker 3: not only Ukraine, but great questions about our policy in Israel. 643 00:31:23,800 --> 00:31:25,600 Speaker 3: And you know that, of course, is swirling around the 644 00:31:25,600 --> 00:31:29,840 Speaker 3: Harris campaign, with the potential now for a cease fire. 645 00:31:29,960 --> 00:31:32,440 Speaker 3: I know you've heard me say this before, but we're 646 00:31:32,480 --> 00:31:37,000 Speaker 3: following parallel storylines today in Israel. One is the anticipated 647 00:31:37,040 --> 00:31:42,920 Speaker 3: retaliation from Iran over the killings of Hesbolah and Hamas officials. 648 00:31:42,960 --> 00:31:47,360 Speaker 3: The other is the potential for a cease fire with Hamas, 649 00:31:47,960 --> 00:31:50,440 Speaker 3: with reporting today that the president, leaders of Egypt and 650 00:31:50,520 --> 00:31:54,120 Speaker 3: Cutter say they are prepared to present a final ceasefire proposal. 651 00:31:54,520 --> 00:31:56,520 Speaker 3: If you're reading the terminal, you see that new round 652 00:31:56,520 --> 00:32:00,720 Speaker 3: of ceasefire talks now set for August fifteenth. Very important 653 00:32:00,760 --> 00:32:03,400 Speaker 3: is we had the voice of Maura Rudman, professor at 654 00:32:03,440 --> 00:32:06,200 Speaker 3: the Miller Center at the University of Virginia, director of 655 00:32:06,240 --> 00:32:09,440 Speaker 3: the Ripples of Hope project focused on democratic solutions. 656 00:32:09,520 --> 00:32:10,960 Speaker 2: Mara, it's great to have you back. 657 00:32:11,280 --> 00:32:13,320 Speaker 3: I don't know how you have both of these stories 658 00:32:13,800 --> 00:32:16,320 Speaker 3: existing at once. And I'm going to point you to 659 00:32:16,400 --> 00:32:19,360 Speaker 3: one more headline that crossed the terminal. A short time 660 00:32:19,360 --> 00:32:23,400 Speaker 3: ago from Reuters Biden to lift offensive weapons sales ban 661 00:32:24,000 --> 00:32:27,440 Speaker 3: to Saudi Arabia. When you factor that in, are we 662 00:32:27,480 --> 00:32:29,200 Speaker 3: on the verge of a ceasefire breakthrough? 663 00:32:31,240 --> 00:32:35,360 Speaker 4: We've been at this point before, as you've noted, everything 664 00:32:35,480 --> 00:32:38,600 Speaker 4: is possible, which means that I would say we're at 665 00:32:38,640 --> 00:32:42,080 Speaker 4: an inflection point. We can be moving toward the ceasefire, 666 00:32:42,240 --> 00:32:46,080 Speaker 4: and those are key meetings next week August fifteenth. It's 667 00:32:46,120 --> 00:32:50,120 Speaker 4: also significant that cut Our, Egypt, and the United States 668 00:32:50,200 --> 00:32:54,640 Speaker 4: together put out the statement about pushing for the August 669 00:32:54,720 --> 00:32:59,000 Speaker 4: fifteenth meeting and about presenting a bridging proposal. At the 670 00:32:59,040 --> 00:33:03,520 Speaker 4: same time, it's very unclear what Iran will be doing, 671 00:33:03,880 --> 00:33:08,600 Speaker 4: what hes Glass calculations are, and so the next several 672 00:33:08,720 --> 00:33:10,360 Speaker 4: days are just critical. 673 00:33:11,320 --> 00:33:12,000 Speaker 2: That's for sure. 674 00:33:12,040 --> 00:33:15,080 Speaker 3: I just don't get, and maybe I'm being a little 675 00:33:15,120 --> 00:33:17,320 Speaker 3: too simple here, Mara, how you can strike a cease 676 00:33:17,360 --> 00:33:20,600 Speaker 3: fire while Israel is also bracing for a potential retaliation 677 00:33:21,280 --> 00:33:21,959 Speaker 3: from Iran. 678 00:33:22,040 --> 00:33:23,440 Speaker 2: Are you thinking that won't happen? 679 00:33:25,200 --> 00:33:29,080 Speaker 4: No, I actually I think that the two are actually interlinked. 680 00:33:29,080 --> 00:33:32,520 Speaker 4: I'm going to bring you back to something that Prime 681 00:33:32,560 --> 00:33:38,440 Speaker 4: Minister Yitzhak Rabin, who was so tragically assassinated by some 682 00:33:38,520 --> 00:33:43,600 Speaker 4: of the very people related to folks in Bibi Netanyahu's cabinet, 683 00:33:44,000 --> 00:33:48,120 Speaker 4: but Prime Minister Rabine used to talk about fighting for 684 00:33:48,200 --> 00:33:51,480 Speaker 4: peace as if there was no war, and fighting wars 685 00:33:51,720 --> 00:33:55,440 Speaker 4: as if there was no peace, and living in that 686 00:33:55,640 --> 00:33:59,800 Speaker 4: combined space at the same time. Is typical not just 687 00:33:59,840 --> 00:34:02,040 Speaker 4: for this reason, but for many conflicts where you've got 688 00:34:02,080 --> 00:34:04,840 Speaker 4: to look for ways to talk and to get the resolution, 689 00:34:04,960 --> 00:34:06,800 Speaker 4: and at the same time you've got to be prepared 690 00:34:06,840 --> 00:34:08,120 Speaker 4: to fully defend yourself. 691 00:34:10,640 --> 00:34:13,960 Speaker 3: We remember, of course, what happened in April when Iran 692 00:34:14,320 --> 00:34:18,600 Speaker 3: did respond, and the refrain that we've heard across the 693 00:34:18,680 --> 00:34:21,879 Speaker 3: spectrum is that Hesbealah is not looking for a wider war, 694 00:34:22,280 --> 00:34:24,920 Speaker 3: Iran is not looking for a wider war, and of 695 00:34:24,960 --> 00:34:26,120 Speaker 3: course Israel is not. 696 00:34:26,280 --> 00:34:28,440 Speaker 2: Do you believe that to be true? 697 00:34:29,400 --> 00:34:31,960 Speaker 4: Yes, I believe that all of the actors, for a 698 00:34:32,000 --> 00:34:35,920 Speaker 4: variety of reasons, recognize that a wider war is not 699 00:34:36,160 --> 00:34:39,759 Speaker 4: in their interest. Sadly, in this kind of situation, that 700 00:34:39,880 --> 00:34:44,200 Speaker 4: doesn't always mean that their actions will not trigger that 701 00:34:44,360 --> 00:34:47,880 Speaker 4: wider war. And the role of the United States in 702 00:34:47,920 --> 00:34:50,760 Speaker 4: this case, also of Egypt, Katar, the stautias of everyone 703 00:34:50,760 --> 00:34:53,520 Speaker 4: else in the region and throughout the world is to 704 00:34:53,600 --> 00:34:57,520 Speaker 4: try to stress that longer term perspective, to try to 705 00:34:57,640 --> 00:35:00,640 Speaker 4: keep folks away from the trigger finger so as to 706 00:35:00,640 --> 00:35:04,480 Speaker 4: speak and to give incentives to the fullest dicton possible 707 00:35:05,640 --> 00:35:08,799 Speaker 4: to reach forward is an everyone's long term interest, which 708 00:35:08,840 --> 00:35:11,319 Speaker 4: is to avoid this tit for tot. 709 00:35:11,400 --> 00:35:14,560 Speaker 3: Now, well, we're at a moment where a lot could 710 00:35:14,560 --> 00:35:19,239 Speaker 3: happen here. And we remember May thirty first, the day 711 00:35:19,239 --> 00:35:22,640 Speaker 3: that Joe Biden addressed the nation the world from the 712 00:35:22,680 --> 00:35:26,600 Speaker 3: White House with a six point ceasefire plan that he 713 00:35:26,840 --> 00:35:31,160 Speaker 3: said Israel had signed off on. We saw, of course, 714 00:35:31,200 --> 00:35:33,719 Speaker 3: in the days following that Benjamin Netanya, who may have 715 00:35:34,040 --> 00:35:37,400 Speaker 3: signed off on something in principle, what was clearly not 716 00:35:37,480 --> 00:35:39,960 Speaker 3: on board with the details at hand. Why should the 717 00:35:39,960 --> 00:35:41,120 Speaker 3: White House trust him? 718 00:35:41,160 --> 00:35:41,359 Speaker 2: Now? 719 00:35:43,800 --> 00:35:46,280 Speaker 4: So, the White House is working with the State of Israel, 720 00:35:46,400 --> 00:35:49,239 Speaker 4: and it's working as well with Qatars and Egyptians who 721 00:35:49,280 --> 00:35:52,440 Speaker 4: are working with him. As The challenge that all of 722 00:35:52,440 --> 00:35:55,000 Speaker 4: those who are trying to bring about the ceasefire face 723 00:35:55,239 --> 00:36:00,680 Speaker 4: is that there are elements for Primerstahu and for ya 724 00:36:00,760 --> 00:36:04,399 Speaker 4: Ya Sinhar, the head of Hamas where and any kind 725 00:36:04,440 --> 00:36:08,120 Speaker 4: of seasfire agreement is not in their direct immediate political interests, 726 00:36:08,680 --> 00:36:11,040 Speaker 4: and yet for many of the people around them, in 727 00:36:11,040 --> 00:36:14,040 Speaker 4: the case of beating the TYAHUO frankly his entire military 728 00:36:14,040 --> 00:36:17,040 Speaker 4: and security establishment, as well as the people of Israel, 729 00:36:17,120 --> 00:36:20,640 Speaker 4: certainly the families of hostages are pushing very hard for 730 00:36:20,920 --> 00:36:24,799 Speaker 4: the nature and scoping of the ceasefire proposal that has 731 00:36:24,840 --> 00:36:27,799 Speaker 4: been laid out. And in the case of Hamas, it's 732 00:36:27,840 --> 00:36:32,760 Speaker 4: not just the countries around. Many Palestinians in Gaza are 733 00:36:33,200 --> 00:36:36,160 Speaker 4: brave enough, courageous enough to speak out on the record 734 00:36:36,360 --> 00:36:38,960 Speaker 4: about the challenges and how much they need of ceasefire, 735 00:36:39,040 --> 00:36:43,279 Speaker 4: which takes a tremendous amount of risk and peril for them. 736 00:36:43,360 --> 00:36:46,520 Speaker 4: Given the vicious kind of leadership of ya Ya Sinhar. 737 00:36:48,360 --> 00:36:51,960 Speaker 3: We've been surging military assets into the region even more 738 00:36:51,960 --> 00:36:55,600 Speaker 3: than we already had. Mara F twenty two jets now 739 00:36:55,600 --> 00:37:00,880 Speaker 3: included several more destroyers in the region. What are we 740 00:37:01,000 --> 00:37:03,760 Speaker 3: planning for? What are we prepared to do to defend 741 00:37:04,320 --> 00:37:06,320 Speaker 3: Israel if this retaliatory strike does. 742 00:37:06,200 --> 00:37:10,640 Speaker 4: Come well, what we've put into the region is certainly 743 00:37:10,680 --> 00:37:14,480 Speaker 4: a show of force and part of a strong deterrence. 744 00:37:15,120 --> 00:37:18,440 Speaker 4: The strongest deterrence you can mobilize is to show the 745 00:37:18,520 --> 00:37:21,680 Speaker 4: willingness to be able to defend and to help defend, 746 00:37:22,040 --> 00:37:24,040 Speaker 4: and so that is part of what is going on 747 00:37:24,160 --> 00:37:27,399 Speaker 4: right now. Certainly the United States showing with what you've 748 00:37:27,400 --> 00:37:30,480 Speaker 4: described what we are willing to bring into the region 749 00:37:30,880 --> 00:37:34,440 Speaker 4: to help Israel defend itself, and any number of private 750 00:37:34,480 --> 00:37:37,680 Speaker 4: conversations that are going on with players throughout the region. 751 00:37:37,719 --> 00:37:43,080 Speaker 4: As was reported earlier today, the Jordanians, the Saudis, the Egyptians, 752 00:37:43,960 --> 00:37:48,719 Speaker 4: others are all talking to Iran as well about scaling 753 00:37:48,760 --> 00:37:52,279 Speaker 4: this back about the longer term interests of everyone in 754 00:37:52,320 --> 00:37:55,239 Speaker 4: the region. Jordanians have been clear about not using their 755 00:37:55,280 --> 00:37:58,279 Speaker 4: airspace for either side, frankly, which is part of I 756 00:37:58,320 --> 00:38:01,000 Speaker 4: think how the kingdom there is trying to position itself 757 00:38:01,400 --> 00:38:06,359 Speaker 4: to again damp down actions that could really result in 758 00:38:06,600 --> 00:38:07,960 Speaker 4: tragedy across the region. 759 00:38:09,200 --> 00:38:12,960 Speaker 3: Fast forward to August fifteenth, again, the ceasefire talks that 760 00:38:13,040 --> 00:38:17,239 Speaker 3: have been scheduled the US cutter Egypt. Is this Secretary 761 00:38:17,280 --> 00:38:19,799 Speaker 3: of State Anthony Blincoln or is this Bill Burns at 762 00:38:19,800 --> 00:38:21,440 Speaker 3: the table for the United States? 763 00:38:21,600 --> 00:38:22,000 Speaker 2: Do we know? 764 00:38:23,000 --> 00:38:27,279 Speaker 4: It's probably a combination. I think that Bill Burns has 765 00:38:27,360 --> 00:38:31,760 Speaker 4: been the primary leader of this effort of the behind 766 00:38:31,800 --> 00:38:34,279 Speaker 4: the scenes. I think that Brett McGirk, who's at the 767 00:38:34,280 --> 00:38:37,680 Speaker 4: White House at the NSC works for Jake Sullivan, the 768 00:38:37,760 --> 00:38:40,799 Speaker 4: National Security Advisor, is very much kind of day to 769 00:38:40,880 --> 00:38:43,479 Speaker 4: day hands on, but Bill Burns clearly has a whole 770 00:38:43,520 --> 00:38:46,960 Speaker 4: team as well, and I'm sure that Secretary of B 771 00:38:46,960 --> 00:38:50,319 Speaker 4: Lincoln is also very much involved. So it is a 772 00:38:50,320 --> 00:38:51,880 Speaker 4: full seam effort. 773 00:38:53,640 --> 00:38:56,920 Speaker 3: August fifteenth is next Thursday, marow. What's more likely in 774 00:38:56,960 --> 00:38:59,800 Speaker 3: that time that we do have a breakthrough on a 775 00:38:59,800 --> 00:39:02,360 Speaker 3: sea or Iran strikes Israel. 776 00:39:04,560 --> 00:39:07,600 Speaker 4: I don't want to put odds on that kind of situation, honestly. 777 00:39:07,640 --> 00:39:09,600 Speaker 4: What I try to remain focused on is what so 778 00:39:09,840 --> 00:39:12,799 Speaker 4: clearly in the United States interest in Israel's interest, in 779 00:39:12,840 --> 00:39:16,960 Speaker 4: the interests of all those in the region, and absolutely 780 00:39:17,000 --> 00:39:20,120 Speaker 4: for the hostages and their families, which is to reach 781 00:39:20,200 --> 00:39:24,719 Speaker 4: a cease fire deal. And doing so is obviously going 782 00:39:24,800 --> 00:39:27,799 Speaker 4: to be much more possible in the near term if 783 00:39:27,800 --> 00:39:31,799 Speaker 4: there are not actions by heswelar by Iran in this 784 00:39:31,880 --> 00:39:34,840 Speaker 4: intervening time period which will certainly escalate and make a 785 00:39:34,880 --> 00:39:36,719 Speaker 4: ceasefire that much more difficult. 786 00:39:37,840 --> 00:39:40,160 Speaker 3: Yeah, I only have a minute left here tomorrow. We're 787 00:39:40,160 --> 00:39:44,160 Speaker 3: in the throes of an important election here in the 788 00:39:44,280 --> 00:39:50,080 Speaker 3: United States. So what extent would a Trump presidency embrace 789 00:39:50,800 --> 00:39:55,520 Speaker 3: this ceasefire proposal. I'm assuming Kamala Harris would be in 790 00:39:55,520 --> 00:39:56,840 Speaker 3: continuity with Joe Biden. 791 00:39:58,840 --> 00:40:01,000 Speaker 4: I think that's correct in terms of all signs that 792 00:40:01,120 --> 00:40:05,480 Speaker 4: Kamala Harris has given and in terms of a Trump administration. 793 00:40:05,680 --> 00:40:08,360 Speaker 4: Really who knows. He has been all over the place 794 00:40:09,320 --> 00:40:12,320 Speaker 4: on this issue. He was quite harsh to Israel and 795 00:40:12,400 --> 00:40:16,239 Speaker 4: to the Prime Minister immediately after October seventh, in the 796 00:40:16,239 --> 00:40:21,120 Speaker 4: way they're surprising to people. He's also talked in ways he's. 797 00:40:20,960 --> 00:40:25,000 Speaker 11: Not a negotiator, despite his let's make a deal kind 798 00:40:25,040 --> 00:40:28,400 Speaker 11: of aura of the President Trump, He's not used to 799 00:40:28,520 --> 00:40:31,880 Speaker 11: how you create win win situations as opposed to zero sum, 800 00:40:32,400 --> 00:40:34,880 Speaker 11: and this is a situation where you've got to figure 801 00:40:34,880 --> 00:40:37,400 Speaker 11: out ways to get through that. 802 00:40:39,000 --> 00:40:42,680 Speaker 4: Lead to a seatpire deal. So I'm very concerned, perhaps 803 00:40:42,680 --> 00:40:47,480 Speaker 4: not surprisingly about how a Trump administration might handle what 804 00:40:47,640 --> 00:40:50,360 Speaker 4: is going on now and any future in the region. 805 00:40:51,840 --> 00:40:54,480 Speaker 3: From the Miller Center at the University of Virginia, Maura Rudman, 806 00:40:54,480 --> 00:40:55,239 Speaker 3: it's great to have you back. 807 00:40:55,320 --> 00:40:58,120 Speaker 2: Mar Thank you so much for the insights at another 808 00:40:58,280 --> 00:41:00,960 Speaker 2: very important moment here geopolitics. 809 00:41:04,440 --> 00:41:07,640 Speaker 3: Thanks for listening to the Balance of Power podcast. Make 810 00:41:07,680 --> 00:41:10,600 Speaker 3: sure to subscribe if you haven't already, at Apple, Spotify, 811 00:41:10,719 --> 00:41:13,279 Speaker 3: or wherever you get your podcasts, and you can find 812 00:41:13,360 --> 00:41:17,000 Speaker 3: us live every weekday from Washington, DC at Noontimeeastern at 813 00:41:17,080 --> 00:41:18,320 Speaker 3: Bloomberg dot com