Speaker 1: Now from our nation's capital. This is Bloomberg Sound on off.
Speaker 1: He's not on our side and has never been. People
Speaker 1: like Senator Master or too cowardly to actually defend their policy.
Speaker 1: Bloomberg Sound On Politics, policy and perspective from DC's top name.
Speaker 1: Who's turning out and who's most enthusiastic to turn out
Speaker 1: is super important and right now Republicans have the advantage. There.
Speaker 1: My god, that big spending Democrat Biden man, he's taking
Speaker 1: us in debt. Well, guess what. I reduced the federal
Speaker 1: deficits this year by one trillion, four hundred billion dollar.
Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Less
Speaker 1: than a week to the election, and Barack Obama lands
Speaker 1: in Las Vegas to save one of the most vulnerable
Speaker 1: Democrats in the Senate. Welcome to the fastest hour in
Speaker 1: politics as the mid terms loom with Pole showing momentum
Speaker 1: for Republicans and will talk about it with the dean
Speaker 1: of Nevada Politics, John Ralston of The Nevada Independent. Later,
Speaker 1: we're joined by Congressman tedlu former impeachment manager from California,
Speaker 1: talks to us about election security and the threat of
Speaker 1: political violence following the mid terms, and would you pay
Speaker 1: eight bucks for the blue check? The White House has
Speaker 1: not decided yet. Apparently. We'll talk about that and a
Speaker 1: lot more with our signature panel Bloomberg Politics contributors Rick
Speaker 1: Davis and Genie Chanzano for the hour. It was a
Speaker 1: big night for politics in Las Vegas. Both parties holding
Speaker 1: rallies last night for candidates and some very close races
Speaker 1: that we're gonna be taking a look at. Non closer,
Speaker 1: it seems, in the race for Senate, the seat held
Speaker 1: by Democrat Catherine Cortes Masto and Republican Adam laxalts I
Speaker 1: would like to take it. You all know who he is.
Speaker 1: You know Adam Laxalt, right, You know him. You know
Speaker 1: him because you stood with the majority of Nevadas who
Speaker 1: rejected him the last time he ran for all a
Speaker 1: well rehearsed, well delivered line. Senator Master sharing the stage
Speaker 1: with Barack Obama last night while La Salt was across town.
Speaker 1: People like Senator Masto are too cowardly to actually defend
Speaker 1: their policies. Go into the arena and tell the public
Speaker 1: that you believe the Green New Deal is so important
Speaker 1: that you have to pay six dollar gas. Let's have
Speaker 1: that debate, and with less than a week the race
Speaker 1: is too close to call the five thirty eight average.
Speaker 1: I was just looking at this year. My god, there
Speaker 1: wasn't a point lack Salt forty six point seven, Cortez
Speaker 1: Mastow forty six point two. There was a lot of
Speaker 1: talk as well about the governor's race last night, and
Speaker 1: we get to put it all together here with as
Speaker 1: I mentioned, the dean of Nevada Politics. I've been looking
Speaker 1: forward to this. John ralstonners with us, the man behind
Speaker 1: the Nevada Independent as well, where he is not only
Speaker 1: a journalist but a CEO. John, it's great to have
Speaker 1: you with us here on Bloomberg Radio. I'm sure your
Speaker 1: head is spinning here as we get a little bit closer.
Speaker 1: But are these numbers jiving with what you're hearing the ground?
Speaker 1: And I asked you because I saw what you were
Speaker 1: tweeting here. Uh, DEM's actually one election day in ten
Speaker 1: you say, unlikely in twenty two, and of course that
Speaker 1: has a lot to do with who turns out that day,
Speaker 1: and that's when Republicans plan to hit the polls right,
Speaker 1: exactly right. And I've been tracking all of the early
Speaker 1: vote numbers here and uh, they're much more predictive than
Speaker 1: in most states because so many people vote before election day.
Speaker 1: It's usually two thirds here in Nevada. And then because
Speaker 1: we now have universal mail, uh, sent to every every
Speaker 1: registered voter, it was of the vote was in before
Speaker 1: election day, and so we have some sense of what's
Speaker 1: happening on the ground, as you mentioned, and that is
Speaker 1: that is very close those poles, the five thirty eight average.
Speaker 1: They're they're close for a reason. And the Democrats here
Speaker 1: usually bank enough votes before election day to do well.
Speaker 1: Uh that that is very shaky this time. This Senate
Speaker 1: race brings a good deal of recognition actually on both sides. Right,
Speaker 1: certainly lack Salt, but both have families with political histories
Speaker 1: in Nevada. How does that play well, I don't. I
Speaker 1: don't think most of the voters, uh, now, you know,
Speaker 1: so it doesn't just turnover and and so most people
Speaker 1: here probably don't even recognize the lack Salt or Cortez
Speaker 1: names the way they might have in the past. They
Speaker 1: know the Obama name. Oh well, they certainly know the
Speaker 1: Obama name. And there's a reason that Barack Obama came
Speaker 1: and that is because the Democrats are worried about their
Speaker 1: base turnout in a mid term with Joe Biden's underwater
Speaker 1: here as he is in most states, So they brought
Speaker 1: Obama to essentially juice the turnout. And if there's going
Speaker 1: to be an effect on that, I think the first
Speaker 1: state will feel it is today because he was here
Speaker 1: last night. So we'll see what those numbers looked like
Speaker 1: later on. He seemed like he was having a pretty
Speaker 1: good time. Here's Barack Obama from the rally. If you've
Speaker 1: got a full Thanksgiving dinner table and they're all saying
Speaker 1: you don't belong in the US Senate when the people
Speaker 1: who know you miss thank your partner would do a
Speaker 1: better job, that says something about you there. That's says
Speaker 1: something about Katherine John There were a number of his
Speaker 1: family members. It might have not been enough to fill
Speaker 1: a Thanksgiving table, but but actually did say that, yes,
Speaker 1: you know, stick with the one. You've got a Cortez
Speaker 1: massed out not this guy were related to. Is that
Speaker 1: a big story locally? It's not as big as you
Speaker 1: might think for for a couple of reasons. First of all,
Speaker 1: you had this same phenomenon and lacks all ran for governor,
Speaker 1: and even more so four years ago when a dozen
Speaker 1: of family members wrote a piece in the in the
Speaker 1: Renal Paper essentially saying this guy is terrible. He's a
Speaker 1: curpet bagger, he's done qualified. Don't elect him your governor.
Speaker 1: They took a different approach this time, and there were
Speaker 1: a couple more added to that list of were fourteen
Speaker 1: and the piece said that they put out was essentially
Speaker 1: just a gushing embrace of Katherine Cortez. So, uh, does
Speaker 1: that have an effect? If the race is essentially tied
Speaker 1: as many of these polls show, every little thing could matter,
Speaker 1: so it might matter. Wow, Well, I don't know if
Speaker 1: this is actually even closer on in the gubernatorial race.
Speaker 1: My goodness, this is incredible here to see Lombardo Cisilac
Speaker 1: again within a point. Well, I guess it's what eight
Speaker 1: tenths on the five thirty eight average, So they're not
Speaker 1: too far off from the Senate race. Actually, Governor Steve
Speaker 1: Cisilac tell us how popular he is going up against
Speaker 1: a Trump endorsed Republican named Joe Lombardo. Yeah, he see
Speaker 1: Cecilac as a covid Arab governor of course, and so
Speaker 1: he has been hurt by that, but his numbers are
Speaker 1: not as bad as some other Democratic governors. The problem
Speaker 1: that he has, though, is this the Purple State. And
Speaker 1: so yeah, every little bit is going to be important,
Speaker 1: and in a race like this, And Joe Lombardo is
Speaker 1: not that well known at candidates statewide. He's the sheriff
Speaker 1: of Clark County, and while he has been endorsed by Trump,
Speaker 1: he has kind of tried to have it both ways.
Speaker 1: During a debate about a month ago, I asked him
Speaker 1: if he thought Trump was a great president, and he
Speaker 1: said he wouldn't use that adjective, that he would say
Speaker 1: he was a founder president. You can imagine Trump felt
Speaker 1: about that. A few hours later, they walked that back,
Speaker 1: and then he appeared with Trump a few days after
Speaker 1: that and called it the greatest president. So you can
Speaker 1: see that this is going on all over the country.
Speaker 1: That was a character revealing moment. I'm afraid for for
Speaker 1: the shure. But does any of that stuff make any difference.
Speaker 1: I'll keep saying the same answer to you, and that
Speaker 1: is that if the race is that close, every little
Speaker 1: thing to be be important. It was interesting to hear
Speaker 1: Adam Laxalt's getting back to the Senate race here talk
Speaker 1: about poles last night. He doesn't believe them. And he
Speaker 1: made the point John that that's because Republicans don't talk
Speaker 1: to posters. And you know that that is that's a thing, right,
Speaker 1: Republicans love to tell posters to go to hell. Here's
Speaker 1: here's how he put it. You've seen some of the
Speaker 1: polls and they said there's no red wave and the
Speaker 1: Democrats are gonna win and everything's fine. Remember that little
Speaker 1: phase of none of you participate in polls. Correct, I
Speaker 1: should take a poll. Anybody here participating polls? Raise your hand?
Speaker 1: One person raises there? Okay, one person, and I hope
Speaker 1: you really gave him help. Okay, So we love posters,
Speaker 1: John Ralston. Is he onto something there? Though? Is there
Speaker 1: a missing five points in Republicans favor well, the the
Speaker 1: opposite has proved true in the Vata cycle over cycle,
Speaker 1: that polling is understampled Democrats here. But I don't put
Speaker 1: much stock in in in in a lot of different
Speaker 1: polls anyhow. Uh, there's very few posters who do a
Speaker 1: good job here in Nevada. But it's interesting that blacks
Speaker 1: All would be saying that since his campaign has been
Speaker 1: bragging for weeks that he has been ahead in every
Speaker 1: in almost every poll that has been taken. So h
Speaker 1: that that is just a a a you know, red
Speaker 1: meat for the base kind of statement to make. Uh,
Speaker 1: and and listen, he may well win the race by
Speaker 1: two or three points. I'd be surprised if you wanted
Speaker 1: by anything more than that. I'm curious, John, now that
Speaker 1: Shelley Adelson has gone, what does the Adelson name mean
Speaker 1: now in Republican politics in Nevada. Miriam Adelson, I know,
Speaker 1: is one of the richest people in the world. There's
Speaker 1: still a good deal of potential influence there. But does
Speaker 1: that name mean what it used to? Well, it wasn't
Speaker 1: so much his name that meant much here but his money,
Speaker 1: of course. And she she has not spent nearly as
Speaker 1: much as he had he had in the past. But
Speaker 1: what she has spent is generally what he spent it on,
Speaker 1: and that is uh, you know, trying to help fund
Speaker 1: superpacks and and organizations that have then funneled that money
Speaker 1: back to Nevada to help and Adam lax All Door,
Speaker 1: Joe Lombardo. But she has not nearly as active as
Speaker 1: Sheldon was in terms of the amount of money that
Speaker 1: she has spent. It's just it's something worth asking considering. Know,
Speaker 1: this sort of rise and anti Semitic rhetoric that we've
Speaker 1: been hearing, and I wonder if that's something that she
Speaker 1: takes more of a stand on going forward. Is it true, John,
Speaker 1: that that's the closest Senate race in the country. Is
Speaker 1: Senator Mastow the most vulnerable senator in America? That that
Speaker 1: that's what they tell me. Uh, listen, all of all
Speaker 1: of these Senate races, not all of them, but in
Speaker 1: the swing states, they're generally very, very close. We've had
Speaker 1: a lot of close rates Senate races, including some that
Speaker 1: I've covered here that have been won by hundreds of votes, Uh,
Speaker 1: including Harry Reid and John Ensen in at least the
Speaker 1: closest one in history. So I think I think it
Speaker 1: is going to be very close. John Ralston, the Dean
Speaker 1: of Nevada Politics, Thank you, John for the insights. Good
Speaker 1: luck with what is left of your mid term coverage
Speaker 1: here find him at the Nevada Independent when he's not
Speaker 1: talking with us here on the fastest hour in politics. Yeah,
Speaker 1: that was fun, right, politics in Vegas? Hello off? Oh,
Speaker 1: and us got to do back in the battom. Whenever
Speaker 1: I come to Vegas. The hardest part is getting my
Speaker 1: team to leave. Somebody's always late for the ride to
Speaker 1: the airport. They're looking a little regg a little bleary eye,
Speaker 1: you know. Sometimes they're they're they're always a little later. Sometime.
Speaker 1: We gotta meet the panel in Las Vegas. Right, that's
Speaker 1: a show. We gotta make that happen. Man, We're gonna
Speaker 1: do this, Rick and Genie on the strip. They're up
Speaker 1: next year though. Our signature panel in the best in
Speaker 1: the business, on the fastest hour in politics. I'm Joe
Speaker 1: Matthew in Washington. This is Blue. You're loose name to Bloomberg.
Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. As
Speaker 1: we assemble our panel, Rick and Jennie are with us
Speaker 1: Bloomberg Politics contributors Genie Chanzano and Rick Davis the night
Speaker 1: after Las Vegas, fast forward to today. Of course, we're
Speaker 1: talking about the Federal Reserve and so many other issues here.
Speaker 1: A little bit later on, we'll be joined by Congressman
Speaker 1: Ted Low, Democrat from California, about election security, and there's
Speaker 1: a lot to talk about there. With an update on
Speaker 1: the story we discussed yesterday much more ahead though where
Speaker 1: we're talking Las Vegas here does matter anymore. So many
Speaker 1: of the deniers have kind of pulled back, not including
Speaker 1: carry Lake UH Senator Cortez Masto, though, speaking last night
Speaker 1: about Adam Laxalt's history with the issue, now he's continuing
Speaker 1: to spread that big lie, not only that election was stolen,
Speaker 1: but if he loses this election. To me, he's claiming
Speaker 1: a stolen and he's going to do an investigation. It
Speaker 1: is outrageous. We know Laxalt, he's not on our side
Speaker 1: and has never been. And Barack Obama came loaded for
Speaker 1: bear on this issue too. He has no actual evidence
Speaker 1: of election fraud, because there's actually no widespread election fraud,
Speaker 1: but he's not gonna let that stop him. He's gonna
Speaker 1: look under every rock in the desert to try to
Speaker 1: find an excuse. Although if he wins, I'm guessing he'll
Speaker 1: be less concerned. All those volks will be legit funny
Speaker 1: how that works, Rick Davis. That was at one point
Speaker 1: a boxing had to check as a Republican seeking the
Speaker 1: endorsement of Donald Trump or even the support of a
Speaker 1: lot of voters in some states, including Nevada, including Arizona.
Speaker 1: Uh does Adam Laxalt say that out loud now or
Speaker 1: is he one of the deniers who has turned away
Speaker 1: from I don't think there's very many, including Adam Laxalt,
Speaker 1: who want to, you know, prosecute action. I think you
Speaker 1: know that's in the rear of your mirror of anybody
Speaker 1: who's actually on the November ballot, because there's nobody who's
Speaker 1: gonna vote on that, and he's got the base vote.
Speaker 1: They're gonna turn out because of the Republican and he's
Speaker 1: Trump endorsed, and and and none of these swing voters
Speaker 1: care about the election. Uh, that's old news. So he
Speaker 1: can he can say those things, but he's not going
Speaker 1: to be driving any votes. The reality is it's much
Speaker 1: more likely that he's gonna be talking about his opponent
Speaker 1: because it's not about what the Republicans stand for. It
Speaker 1: is how much do you want change from the current administration?
Speaker 1: And that includes Democratic senators. Can Republicans flip this one, Jennie,
Speaker 1: They absolutely can't. I mean, do you mentioned some of
Speaker 1: the polls. I've been looking at the polls. This is
Speaker 1: within a margin. Let's not forget Biden carried Nevada by
Speaker 1: less than two point five Clinton by less than two
Speaker 1: point five. This was one of seven states where Trump
Speaker 1: improved his twenty sixteen margin even though he narrowly lost it.
Speaker 1: So it is a state that absolutely could flip. She
Speaker 1: is the most vulnerable Democrat probably on the ballot this year. Um,
Speaker 1: and you know, on this issue of election denial and
Speaker 1: democracy being on the ballot, we're going to hear from
Speaker 1: the president tonight. But they have Barack Obama out there,
Speaker 1: as John said, because they're trying to piece together a
Speaker 1: coalition on individual issues and boost turnout, which is not
Speaker 1: looking good for Democrats this right now. So you know,
Speaker 1: pocketbook issues they have to address, but they're trying to
Speaker 1: weave together essentially a coalition. We heard Master Cortests talking
Speaker 1: about abortion, the president of Student Loans Democracy being on
Speaker 1: the ballot, hoping they can drum up turnout amongst Democrats,
Speaker 1: and it is, you know, gonna be hard to do,
Speaker 1: but it's the last six days and they're out there trying.
Speaker 1: It's interesting. Rick having spoken with John Ralston just now,
Speaker 1: he says models of votes cast so far say the
Speaker 1: major Nevada races are very close. We know that the
Speaker 1: difference in past cycles is that Democrats generally banked enough
Speaker 1: votes to have leads before election day, knowing that Republicans
Speaker 1: usually win on election day. So what does that mean
Speaker 1: for Nevada next week? Well, I think there are a
Speaker 1: lot of states like that that have the majority of
Speaker 1: their votes cast early. And even though Donald Trump goes
Speaker 1: out and tells Republicans don't vote early, which makes no
Speaker 1: sense whatsoever, um, Republicans have gotten used to it. Right.
Speaker 1: One of the hangovers of of COVID is it's a
Speaker 1: lot easier vote in math, and so Republicans are taking
Speaker 1: advantage of it. I think you see that phenomena not
Speaker 1: only happening here in Nevada where we're talking about, but
Speaker 1: in places like Arizona, where I think you see a
Speaker 1: lot more Republican participation in the seventy plus percent that
Speaker 1: vote early, So it was almost identical. It was almost
Speaker 1: identical within a percentage point in Arizona. Republicans are getting
Speaker 1: with this, yeah, exactly, and and and and frankly, I
Speaker 1: think the party ought to embrace it because we do
Speaker 1: well with more voters. I mean, that's just a bottom line.
Speaker 1: The dynamics have changed over the time, and and higher
Speaker 1: turnouts are not an indicator of democratic power. And so
Speaker 1: in places like this, look it looks like the turnout
Speaker 1: is going to be higher than eighteen but lower than twenty.
Speaker 1: And so that's that could be an interesting sweet spot
Speaker 1: for Republicans to take advantage that. So this is a
Speaker 1: really important development people need to be aware of. But
Speaker 1: that's why you listen. I have to ask you both
Speaker 1: about J Powell. It's a fed day, of course. I
Speaker 1: don't know that people are talking about this over the
Speaker 1: dinner table tonight, but the reaction on Wall Street was
Speaker 1: for real. Certainly after the news conference, listen to J.
Speaker 1: Powell talking about the strength of the job market and
Speaker 1: what it's going to mean for their job going forward. Remember,
Speaker 1: the strength and the job market is what the White
Speaker 1: House points to as the sort of salve for everything
Speaker 1: else going on here. I know there's a lot of inflation,
Speaker 1: but we're not going to a recession because of the
Speaker 1: job market. Although job vacancies have moved below their highs
Speaker 1: and the pace of job gains has slowed from earlier
Speaker 1: in the year, the labor market continues to be out
Speaker 1: of balance, out of balance with demands substantially exceeding the
Speaker 1: supply of available workers. And you know what that means, Genie,
Speaker 1: They have to force some people to lose their jobs
Speaker 1: to get a hold of inflation. What kind of a
Speaker 1: political statement of campaign messages that it's a horrible one.
Speaker 1: And that's why we saw the Democrats, Elizabeth Warren and
Speaker 1: others send a letter that the FED doesn't have to
Speaker 1: listen to and may not even read at this point.
Speaker 1: It's just listened to it on TV and on the radio.
Speaker 1: But you know, they're very, very concerned that this is
Speaker 1: going to be the impact six days before election. A
Speaker 1: week before an election, we're looking at losing jobs, which
Speaker 1: is never a good sign for the party in power.
Speaker 1: And fast forward to three when we're talking presidential candidates
Speaker 1: and we're in a recession, it just gets more complicated.
Speaker 1: Rick and Jeanie are here for the hour. We turned
Speaker 1: to Congressman Ted Loo next on the fastest hour in politics.
Speaker 1: This is Bloomberg counting down the days to election day
Speaker 1: and so many issues to talk about. Galen Druke, who
Speaker 1: works at five thirty eight, says, this is going to
Speaker 1: come down to a story once again of turn out.
Speaker 1: We've found that sevent of the districts that are at
Speaker 1: least somewhat competitive in the House this cycle are in
Speaker 1: the suburbs, and the question is will they swing back
Speaker 1: to Republicans after a swinging left in and districts that
Speaker 1: have been voting for Republican representatives for fifty years swung
Speaker 1: in a backlash to Trump. The question this year is
Speaker 1: will there be a backlash to Biden? And so far
Speaker 1: our forecast shows that Republicans have an eight percent chance
Speaker 1: of winning the House, so that seems likely. The backdrop
Speaker 1: of our conversation with Congressman, Ted lou the Democrat from California,
Speaker 1: joins us now on Bloomberg. Congressman, welcome back, Thank you,
Speaker 1: honored to be back. Well, you seem to be in
Speaker 1: pretty darn good shape leading into your primary. No one
Speaker 1: is talking about this as a much of a contest
Speaker 1: for the thirty six congressional district. How about the House though, Congressman,
Speaker 1: is the narrative wrong right now? Yes, I'm blessed to
Speaker 1: have a terrific district, and I've been traveling around the
Speaker 1: country helping other or hold the House, and I'm seeing
Speaker 1: high energy at all the events, and I believe we're
Speaker 1: going to have a number of surprises this November eight,
Speaker 1: and I look forward to holding the House. President Biden
Speaker 1: has been talking about this from a couple of different perspectives.
Speaker 1: He was out again, of course, last evening, said Republicans
Speaker 1: when they will repeal the Inflation Reduction Act? Is that
Speaker 1: something that you're worried about, and couldn't he just vetell
Speaker 1: that I'm worried that if Republicans control the House and
Speaker 1: Senate that they could in fact do a lot of
Speaker 1: damage to the great Laws. If we've passed such as
Speaker 1: Inflation Reduction Act, which has Medicare now for the first time,
Speaker 1: negotiate prescription drug prices to help reduce the cost of
Speaker 1: proscription drugs. And in terms of other legislation, there are
Speaker 1: things that Republicans can do to stop good legends and
Speaker 1: coming through. So, for example, Democrats want to have insolent
Speaker 1: cap for thirty five dollars for everyone in America. Republicans
Speaker 1: could stop that. And so this is a very consequential election.
Speaker 1: Let's say you keep the House, as you suggest, what's
Speaker 1: the list for Democrats the to do list post mid terms?
Speaker 1: If that would actually if that happens, that would be
Speaker 1: a big deal. Would you pursue an expanded child tax credit.
Speaker 1: Is there something else that you have on the agenda? Yes,
Speaker 1: If we hold the House and elect two more Democratic U. S. Senators,
Speaker 1: we can remove the flobuster and put Roby Wade in
Speaker 1: as a law of the land. We can kept insulin
Speaker 1: at thirty five hours for everyone in America. We can
Speaker 1: put in campaign finance reform and put in voting right.
Speaker 1: You're writing the Senate to that. But with regard to
Speaker 1: the House, there's been talking about codifying same sex marriage,
Speaker 1: for instance. Is there a way to get that done
Speaker 1: even with with a split balance of power on Capitol Hill?
Speaker 1: That would be difficult unless we can eliminate the solobuster
Speaker 1: because unfortunately, my colleagues on other side of the aisle
Speaker 1: are very anti lgbt Q. In terms of other things
Speaker 1: we could do, if we hold a House, we could
Speaker 1: get things through reconciliation, which for example, refers to things
Speaker 1: such as expand how tax credit. That is something we
Speaker 1: could do if we hold the House. Congressman lou a
Speaker 1: lot of people know you as one of the impeachment
Speaker 1: managers from Donald Trump's second impeachment, and there's a big
Speaker 1: conversation going on right now. In fact, there was an
Speaker 1: important UH Federal court injunction just in the last twenty
Speaker 1: four hours surrounding what many see as voter intimidation around
Speaker 1: drop boxes, ballot drop boxes, and there are a lot
Speaker 1: of people are worried about what's going to happen following
Speaker 1: the mid terms if it becomes UH. You know, there's
Speaker 1: a sense of many contested races, which there could be.
Speaker 1: There's so many that are just too close to call
Speaker 1: right now. Do you worry about a violent outbursts following
Speaker 1: the mid term elections if these are hung up for
Speaker 1: days or weeks. I think we always have to be
Speaker 1: reminded of January six and what happened when a former
Speaker 1: president incited an attack on our nation's capital. We also
Speaker 1: recently saw a right wing extremists break into Speaker Pelosi's
Speaker 1: home and attack her husband with a hammer, So we
Speaker 1: always have to be watchful for any violence that could
Speaker 1: occur again with their ballot drop boxes and all the
Speaker 1: election denying stuff you're seeing. We still two years later,
Speaker 1: don't have any response from the Republican Party as to
Speaker 1: who stole the election nor how it was done, and
Speaker 1: they can't explain it because the election wasn't stolen. Seven
Speaker 1: million people. They didn't get together and conspire and have
Speaker 1: some grand conspiracy to steal the election. They just voted
Speaker 1: for Biden over Trump. Donald Trump lost. That's what happened.
Speaker 1: Just last night. A Kerry Lake, who may well be
Speaker 1: the next governor of Arizona, says, if you don't believe
Speaker 1: this election was stolen, then you're part of a conspiracy theory. Congressman,
Speaker 1: let's listen with millions of us, and if you believe
Speaker 1: he did, then you are. And what was so funny
Speaker 1: to me about that comments? She still can't explain how
Speaker 1: it will stole and that's because she can't. The election
Speaker 1: was not stolen. The American people rose up and fired
Speaker 1: Donald Trump. That's what happened. And Donald Trump's former attorney General,
Speaker 1: Bill Barris says that he came out repeatedly and said
Speaker 1: the election of spiracy theories are quote both unquote. Congress
Speaker 1: never thought I'd have to bleep you on the air.
Speaker 1: Uh you mentioned Nancy Pelosi. You're also hearing pushback from
Speaker 1: Republicans who say this is a crime story, that this
Speaker 1: could have happened to anybody, and in fact, it has
Speaker 1: been happening to a lot of people, and no one's
Speaker 1: ever outraged until it's you know, a member of the
Speaker 1: elite in a in a in a neighborhood in San Francisco. Here,
Speaker 1: you actually live in California. What do you tell Republicans
Speaker 1: who say crime has run wild because of Democrats? Well,
Speaker 1: I suppose it's a crime story, uh, in this sense
Speaker 1: that you know, the person who shot Ronald Reagan committed
Speaker 1: a crime, but that was also a targeted attack and
Speaker 1: the elected official. And so what we have here is
Speaker 1: get a targeted attack at elected official and Nancy wasn't there.
Speaker 1: The right wing streamists kept asking where his Nancy? Where
Speaker 1: his Nancy? But her husband was there and he attacked him.
Speaker 1: The police and prosecutors in recent reporting also say that
Speaker 1: he had other politicians he was going to go after
Speaker 1: an attack. So this was a very target attack by
Speaker 1: right wing streamists. We need to call it what it is.
Speaker 1: Have you spoken with the speaker? I have texted her
Speaker 1: and I have received emails from her, and I want
Speaker 1: to give her the privacy and space to deal with
Speaker 1: a very traumatic to that. Yeah, I wonder if she'll
Speaker 1: appear before cameras or make a statement before election, like congressman,
Speaker 1: is that something she should do That is totally up
Speaker 1: to her. I don't have any thoughts on that. Well,
Speaker 1: I appreciate your coming to talk to us again, Congressman
Speaker 1: Ted lou from the thirty third on the way to
Speaker 1: thirty six. Right, if you've got new stationary ready for that, Actually,
Speaker 1: I can't ask you that, you have to wait a
Speaker 1: couple of days. The congressman, thanks for your time today.
Speaker 1: Come back and see us on Bloomberg Radio. Thank you
Speaker 1: you're listening to Bloomberg. You sound on with Joe Matthew
Speaker 1: on Bloomberg Radio. So the White House has deleted a
Speaker 1: tweets after it was tagged well by Twitter, of course
Speaker 1: with a fact check disclaimer. And boy, they thought this
Speaker 1: was gonna be a good one. In fact, Will the
Speaker 1: President used the line last night as he spoke to supporters.
Speaker 1: One on our watch for the first time in ten years,
Speaker 1: seniors are getting the biggest increase in so Security checks. Yeah,
Speaker 1: the flaws line, big big checks coming. Well, well, sure,
Speaker 1: you get the biggest increase in Social Security payments because
Speaker 1: you're getting the biggest increase in inflation. You. That's how
Speaker 1: this works, right, That's a law goes back to the
Speaker 1: ninet seventies. Social Security payments must go up by the
Speaker 1: same percentage that consumer prices go up. So guess what,
Speaker 1: everybody one on our watch. For the first time in
Speaker 1: ten years, seniors are getting the biggest increase in Social
Speaker 1: Security checks ten And that's exactly what the White House tweeted.
Speaker 1: Seniors getting the biggest increase ten years through President Biden's leadership,
Speaker 1: It's said, Twitter tagged it, readers added context they thought
Speaker 1: people might want to know. And then there's the explainer here.
Speaker 1: Seniors will receive a large benefit blah blah blah, which
Speaker 1: is based on the inflation rate. Two. President Nixon signing
Speaker 1: a law automatic benefit adjustments. So should it have said
Speaker 1: through President Nixon's leadership. Let's assemble the Anne, Rick and
Speaker 1: Janie are with us, Bloomberg Politics contributors. I don't think
Speaker 1: that rick a tweet has been fact checked by Twitter
Speaker 1: since the Trump administration. A White House tweet, we're really
Speaker 1: going to be taking credit for a Look, I guess
Speaker 1: you'd take credit for everything right before in election? Is
Speaker 1: that it? Well, you know, I thought that President Biden
Speaker 1: said it was the Fed's job manage inflation, and so
Speaker 1: the fact that the Fed has managed it up so
Speaker 1: much they should get credit for increasing the Social Security benefits? Well,
Speaker 1: does this? Is this the new Republican talking point? The
Speaker 1: president just give it to him, Jennie. Well, you know, listen,
Speaker 1: Joe Biden is at a tough time, Joe Matthew. You know,
Speaker 1: he know it's difficult. So they're trying to take credit
Speaker 1: for some bit of you know, increase in money people
Speaker 1: are going to get without fessing up to the fact
Speaker 1: that he has neither control over cola or inflation and
Speaker 1: they're getting it as a result of that. Neither did
Speaker 1: he say that there have also been increases every year
Speaker 1: of the Trump admints station in the first two years
Speaker 1: of the Biden administration. Fact, this is the biggest in
Speaker 1: a decade. Yes. The fact is that he you know,
Speaker 1: it's six days to go. The numbers don't look good.
Speaker 1: They're trying to do what they can to get people
Speaker 1: hopeful on the economy. A little bit of money in
Speaker 1: Senior's pockets, no matter how it got there, he's gonna
Speaker 1: take credit. Listen. He's got to take the blame when
Speaker 1: gas goes up, and that's not his call either, So
Speaker 1: you know, it's it's all around. But I think what's
Speaker 1: really interesting is the fact check by Twitter, which, as
Speaker 1: you said, we haven't seen a lot in the Biden administration,
Speaker 1: no doubt. I wonder why that has so. Look, you
Speaker 1: guys have heard this, have had any number of people
Speaker 1: come up to me this week. So this does it
Speaker 1: feel different on Twitter? You know, Elon Musk, this thinks
Speaker 1: kew and right already. And I don't know if that's true,
Speaker 1: but I do know that apparently they're gonna start charging
Speaker 1: us for a blue check. So let me ask you
Speaker 1: guys about this. This came up today at the White House.
Speaker 1: You're gonna pay eight dollars a month for a blue check? Because,
Speaker 1: by the way, I'm not you can just you know,
Speaker 1: take it away. You've done it before Twitter, You've taking
Speaker 1: the check away, you gave it back to me. I'll
Speaker 1: let you do what you need to do. How about
Speaker 1: the White House? So, look like I don't believe it's
Speaker 1: it's an issue that made it to the President's desk
Speaker 1: yet it's not a conversation that the president UH has
Speaker 1: UH is aware of. As you know, we're focused on
Speaker 1: many things. It is kind of an interesting thought here, Rick,
Speaker 1: I mean does the White House give Elon muskate Bucks
Speaker 1: a month to be verified? Well, I don't think they
Speaker 1: want to give Elon Musk anything. They certainly haven't since
Speaker 1: the beginning of this administration. They don't even invite him
Speaker 1: to e V meetings. But the bottom line is, I mean, like,
Speaker 1: here we are talking about Elon Musk again, and this
Speaker 1: guy gets himself in the news cycle anyway you can
Speaker 1: and uh and yeah, I mean like he wants you
Speaker 1: to feel like Twitter has gotten different since you bought it.
Speaker 1: That's his whole value premises. I'm gonna make it better
Speaker 1: starting by tagging White House tweets. I guess Jeanie would. Look,
Speaker 1: I don't think either of you guys care about this,
Speaker 1: right Rick, You're not paying a Bucks for a blue check.
Speaker 1: I don't even know what the blue check does. I
Speaker 1: love Frankly, I mean, well, I love about you, Jennie.
Speaker 1: Would you care enough to put money down? And should
Speaker 1: the White House will news agencies is Bloomberg and to
Speaker 1: Bucks a month for a blue check? Yeah, and let's
Speaker 1: not forget when the White House pays that means our
Speaker 1: tax money is going to eat Musk, you know, and
Speaker 1: you know what did Stephen King say, he said I
Speaker 1: that you should pay me. I'm out of here. And
Speaker 1: by the way, how it came down from it was
Speaker 1: that it came down And the best tweet of the day,
Speaker 1: I thought, was this guy who said, so, you've got
Speaker 1: somebody worth two hundred billion talking to somebody worth five
Speaker 1: hundred million about how to save twelve dollars a month.
Speaker 1: It's ludicrous, the entire conversation. Although in Elon must defense,
Speaker 1: he's got to pay what one billion a year to
Speaker 1: pay back the debt, and they gotta make money, as
Speaker 1: he said, we gotta make money some way. Help me out, guys,
Speaker 1: clip Jennie for a promo right now. I'm there to
Speaker 1: help Elon. Let me tell you wound up and you know,
Speaker 1: looking apparently Donald Trump's not coming back. Maybe was that
Speaker 1: the genesis for for this idea of subscription fees. He
Speaker 1: talked about it in an interview this week. If I
Speaker 1: go on there, what would happen to truth? I don't know,
Speaker 1: you know, I don't know, but but the answers I'm
Speaker 1: not doing it. I will go back on and but
Speaker 1: I find truth to be much better. Okay, fine, you
Speaker 1: want to advertise truth here, but do we believe this, Rick,
Speaker 1: He's not going to go back on Twitter with however
Speaker 1: many million followers he had. You know, look, I mean
Speaker 1: he's financially connected to the success of true social right,
Speaker 1: and so why does he want to I mean, the
Speaker 1: one thing that that that you never want to do
Speaker 1: is you never want to get in front of a
Speaker 1: microphone between you and and Schumer. And you don't want
Speaker 1: to get in the way of a dollar bill for
Speaker 1: Donald Trump. So I think Donald Trump is gonna go
Speaker 1: where the money is. I don't think he cares that
Speaker 1: much about it. It was quite an equivalency from Rick Davis.
Speaker 1: I have to ask you about a couple of things
Speaker 1: in the next well twenty four hours and also in
Speaker 1: the next week. Here uh, And this brings us back
Speaker 1: into the White House Press briefing today. I'd like to
Speaker 1: hear from Rick Angini on this tonight. The President is
Speaker 1: going to talk and this was a late scheduled event.
Speaker 1: He's going over to Union Station. By the way, if
Speaker 1: you thought you were getting on a train with no notice,
Speaker 1: just change your plans. I cannot imagine rolling up on
Speaker 1: Columbus Circle right now in front of Union Station. But
Speaker 1: he's gonna be talking about an hour from now actually,
Speaker 1: and and part of this is going to be about
Speaker 1: election security, Karneine Jehan Pierre and and you know, political
Speaker 1: violence all wrapped into one, saving democracy. These are this
Speaker 1: is not unlike the speech she delivered from Independence Hall.
Speaker 1: I'm guessing Karine John Pierre though, was asked about the
Speaker 1: timing here days before the election. Yes, you know, we
Speaker 1: saw this violent, awful, horrific attack on Paul Pelosi and so,
Speaker 1: uh you know, there are reasons that he believed this
Speaker 1: time was now to to to make sure that he
Speaker 1: spoke directly to the American people the way that they're
Speaker 1: talking about this. By the way, I'll have to pull
Speaker 1: up the guidance. This is from the White House will
Speaker 1: participate in a Democratic National Committee event, but they don't
Speaker 1: say what he's going to be talking about. It's known, however,
Speaker 1: that he will be discussing, uh more completely, the threats
Speaker 1: against democracy and so forth. That timing feel off to
Speaker 1: Eugenie or is that the job of the president. Well,
Speaker 1: you know, this is something Democrats have been asking for
Speaker 1: for some time. They say he's got a moral obligation
Speaker 1: to do this. Um that you know, regardless of politics,
Speaker 1: he should have spoken out, and they've been asking for this.
Speaker 1: And also I think it's similar to what we're seeing
Speaker 1: with you talking about Obama going out to Nevada. They're
Speaker 1: trying to piece together a coalition of Democrats and people
Speaker 1: to turn out based on issues beyond the economy. So
Speaker 1: it's abortion, student loans democracy on the ballot, and he's
Speaker 1: gonna try to push us. And that's all not forget
Speaker 1: Also the events of the last week, the increase in
Speaker 1: rhetoric we've been talking about, the threats at the polling sites,
Speaker 1: the attack on Paul Pelosi, and of course Donald Trump
Speaker 1: on the radio just the other just yesterday talking about
Speaker 1: these conspiracy theories. So all of this has, you know,
Speaker 1: I think pushed the President to go out and make
Speaker 1: this statement. He hasn't been out a lot this election cycle,
Speaker 1: but for Democrats this will be a welcome I believe,
Speaker 1: going depending on how it goes, oh welcome step for
Speaker 1: him to take on this. I don't know if anybody
Speaker 1: carries this rick or if it has an impact, but
Speaker 1: it looks to Republicans, at least those questioning this and
Speaker 1: in criticizing it, that the President is trying to thumb
Speaker 1: the scale using the bully pulpit here of the presidency
Speaker 1: to move opinions with less than a week to voting.
Speaker 1: Where do you draw the line on something like this?
Speaker 1: You know, look, I mean he's committed to this. Um.
Speaker 1: The Democrats I talked to don't think democracy is a
Speaker 1: winning issue at the ballot right now. They just don't
Speaker 1: think it moves the needle against the economy. And and
Speaker 1: so I think he's picking the week hand of cart
Speaker 1: And so is it something worth talking about about if
Speaker 1: you're president because of the you know what's happening around
Speaker 1: the country right now? Absolutely, do you do it as
Speaker 1: a part of the campaign? I think it's I think
Speaker 1: it's tricky there. Uh. You know, I think that when
Speaker 1: you talk to the public about democracy, it means something
Speaker 1: different to Republicans than it does to some Democrats and
Speaker 1: so um, But they both think of democracies at risk.
Speaker 1: And I think that he's catching himself in the same
Speaker 1: sort of crosshairs that he did with that Independence Paul speech,
Speaker 1: which is, you know, there's going to be a lot
Speaker 1: of debate around the speech itself and not like the
Speaker 1: substance of it, And and that's that does not move
Speaker 1: the needle I'm going to add another speech to the
Speaker 1: list here, and I just want to get a sense
Speaker 1: of what you guys think, because the President had said
Speaker 1: he's going to speak the day after the election. Karine
Speaker 1: Jehan Pierrega, and the press secretary at the White House
Speaker 1: was asked about this against today, what exactly is he
Speaker 1: going to talk about? You'll certainly hear from the president.
Speaker 1: He will give remarks. I don't know yet what it
Speaker 1: will look like, but certainly you will hear from the
Speaker 1: President the day after the election remarks with the questions
Speaker 1: I know you guys always asked, because well, when I
Speaker 1: don't want to get ahead of ahead of it, but
Speaker 1: you will, we we will. You're certainly here from the
Speaker 1: president after after election night, Okay, yes or no? Then Genie,
Speaker 1: is that when he launches his re election campaign. Yes,
Speaker 1: and he may be talking about a shell a king
Speaker 1: if you believe the numbers, and he may be talking
Speaker 1: about people not accepting the results. But we do know
Speaker 1: that they've been meeting and talking about his plans in
Speaker 1: twenty four and boy, wouldn't that move us? Oh my god?
Speaker 1: Would that be too early? Rick? Or a good strategy? Um,
Speaker 1: I'm hoping that the announcement is that he's not going
Speaker 1: to run for president, and not that he is going
Speaker 1: to run for president. Uh. And if he's gonna announce
Speaker 1: he's not running, then it's probably not a good strategy
Speaker 1: because he loses the first quarter of the year. Rick
Speaker 1: and Genie, our signature panel in the fastest hour in politics,
Speaker 1: will be back tomorrow. This is Bloomberg