1 00:00:01,720 --> 00:00:07,680 Speaker 1: Now from our nation's capital. This is Bloomberg's Sound one nineties. 2 00:00:07,720 --> 00:00:10,760 Speaker 1: Democrats have lost almost every major battle to Mitch McConnell 3 00:00:10,760 --> 00:00:13,360 Speaker 1: and Republicans. When he claims credit for getting all the 4 00:00:13,360 --> 00:00:15,640 Speaker 1: money for the Second Avenue subway, I wonder why didn't 5 00:00:15,640 --> 00:00:17,400 Speaker 1: he get money for his freight tunnel that was in 6 00:00:17,480 --> 00:00:21,880 Speaker 1: his district. Bloomberg Sound on Politics, Policy and Perspective from 7 00:00:22,000 --> 00:00:25,479 Speaker 1: DC's top Name. Our country stands at a crush shows 8 00:00:25,520 --> 00:00:27,840 Speaker 1: without democracy at state. We need to make sure that 9 00:00:27,840 --> 00:00:30,760 Speaker 1: that Ron De Santis is a one term governor. What's 10 00:00:32,120 --> 00:00:39,800 Speaker 1: Everything Everything? Bloomberg Sound On with Joe Matthew on Bloomberg Radio. 11 00:00:41,600 --> 00:00:45,680 Speaker 1: President Zelenski vows to take back Crimea as Ukraine prepares 12 00:00:45,760 --> 00:00:50,000 Speaker 1: to celebrate its independence. Welcome to the fastest hour in politics, 13 00:00:50,000 --> 00:00:54,280 Speaker 1: with fresh warnings of possible Russian attacks on Kiev as 14 00:00:54,320 --> 00:00:57,680 Speaker 1: the war now hits the six month mark. Is this 15 00:00:57,760 --> 00:01:00,200 Speaker 1: a turning point in the war. We'll discuss it with 16 00:01:00,200 --> 00:01:04,360 Speaker 1: Melinda Herring of the Atlantic Council's Eurasia Center. Primary day 17 00:01:04,400 --> 00:01:07,000 Speaker 1: in New York, among other places, Today, at least one 18 00:01:07,040 --> 00:01:08,959 Speaker 1: incumbent in New York will lose a seat thanks to 19 00:01:09,000 --> 00:01:11,680 Speaker 1: redistricting and We're gonna run through some important races in 20 00:01:11,720 --> 00:01:15,400 Speaker 1: play tonight with former New York Congressman Joe Crowley. Analysis 21 00:01:15,440 --> 00:01:18,120 Speaker 1: from the panel, Rick and Janie are with us Bloomberg 22 00:01:18,160 --> 00:01:21,120 Speaker 1: Politics contributors Rick Davis and Jeanie Schanzano here for the 23 00:01:21,160 --> 00:01:24,959 Speaker 1: hour and ever more confident posture today from President Vladimir's 24 00:01:25,040 --> 00:01:29,320 Speaker 1: Lensky pledging on the eve of the war six month anniversary. 25 00:01:29,360 --> 00:01:31,440 Speaker 1: Can you imagine the war that was supposed to be 26 00:01:31,480 --> 00:01:36,160 Speaker 1: done in three days and tomorrow as well Ukrainian Independence Day, 27 00:01:36,480 --> 00:01:39,559 Speaker 1: vowing to take back Crimea as part of this war 28 00:01:39,720 --> 00:01:46,679 Speaker 1: with Russia. That Selenski in a video address, of course, 29 00:01:46,720 --> 00:01:48,560 Speaker 1: the people of Ukraine have grown very used to them, 30 00:01:48,560 --> 00:01:52,320 Speaker 1: saying there's a feeling literally in Crimea's air, that its 31 00:01:52,320 --> 00:01:57,040 Speaker 1: occupation is temporary and that Ukraine is coming back. He 32 00:01:57,120 --> 00:02:01,920 Speaker 1: later said to a virtual conference of nations the Crimea platform, 33 00:02:01,960 --> 00:02:06,640 Speaker 1: that Ukraine must free Crimea from Russian occupation. As he 34 00:02:06,680 --> 00:02:09,120 Speaker 1: talks here, he goes into the warn of possible Russian 35 00:02:09,120 --> 00:02:13,640 Speaker 1: attacks tomorrow, that independence day, that six month mark, saying quote, 36 00:02:13,720 --> 00:02:17,960 Speaker 1: Russia may try to do something particularly disgusting as Ukraine 37 00:02:18,000 --> 00:02:21,840 Speaker 1: celebrates its thirty first independence day That's where we begin 38 00:02:22,080 --> 00:02:25,480 Speaker 1: with Melinda Herring, Deputy director of the Atlantic Council's Euragius Center, 39 00:02:25,560 --> 00:02:28,960 Speaker 1: former editor of the Atlantic Council's Ukraine Alert blog, which 40 00:02:29,000 --> 00:02:31,440 Speaker 1: a lot of people were relying on. Melinda, thank you 41 00:02:31,480 --> 00:02:34,120 Speaker 1: for being with us. Somehow, this war has reached the 42 00:02:34,160 --> 00:02:39,040 Speaker 1: six month mark. Russia has been largely incapable of capitalizing 43 00:02:39,040 --> 00:02:41,560 Speaker 1: on ground that it's taken. So are we at a 44 00:02:41,600 --> 00:02:44,960 Speaker 1: turning point for Ukraine as you hear President Zelenski speak, 45 00:02:45,040 --> 00:02:49,480 Speaker 1: or is there another six months of attrition? Jo No, 46 00:02:49,880 --> 00:02:52,959 Speaker 1: I have to be uh, I have to be the 47 00:02:53,000 --> 00:02:54,600 Speaker 1: skunked at the garden party. It's going to be a 48 00:02:54,639 --> 00:02:57,880 Speaker 1: lot more than six months. Wants to wrap everything up 49 00:02:57,880 --> 00:03:00,440 Speaker 1: by Christmas. This is going to drag on for a 50 00:03:00,600 --> 00:03:04,119 Speaker 1: long long time. Unfortunately, Why does he think that crimea 51 00:03:04,280 --> 00:03:08,200 Speaker 1: is in play? Obviously we saw a Ukrainian attack against 52 00:03:08,360 --> 00:03:12,040 Speaker 1: some Russian forces there, we saw some mushroom clouds on 53 00:03:12,040 --> 00:03:14,240 Speaker 1: the horizon. But why does he think he can retake 54 00:03:14,280 --> 00:03:16,200 Speaker 1: that land in the middle of defending the rest of 55 00:03:16,200 --> 00:03:19,839 Speaker 1: the country. Well, it's back up. There have been three 56 00:03:19,880 --> 00:03:21,799 Speaker 1: big phases of the war. The first phase of the 57 00:03:21,840 --> 00:03:24,040 Speaker 1: war was Kiev, and like you said, the Russians had 58 00:03:24,080 --> 00:03:27,200 Speaker 1: this crazy idea that they could come in and strike 59 00:03:27,360 --> 00:03:30,360 Speaker 1: and take the capital and install a pro Russian leader 60 00:03:30,720 --> 00:03:33,600 Speaker 1: in three or four days, and they got their bots kicked. 61 00:03:33,760 --> 00:03:36,680 Speaker 1: Phase two was focused on the Dawn Boss and the 62 00:03:36,760 --> 00:03:40,560 Speaker 1: Russians did better, but it wasn't an overwhelming victory. These 63 00:03:40,600 --> 00:03:42,880 Speaker 1: three is going to be focused on the South, and 64 00:03:42,960 --> 00:03:45,880 Speaker 1: we're waiting for this thing that her song counter offensive, 65 00:03:46,200 --> 00:03:49,520 Speaker 1: but it hasn't really materialized. And meanwhile, the Ukrainians have 66 00:03:49,640 --> 00:03:52,680 Speaker 1: taken the initiative by bombing Crimea, and this is the 67 00:03:52,720 --> 00:03:56,240 Speaker 1: first time it's happened. The Crimean peninsula was a vacation 68 00:03:56,320 --> 00:04:00,560 Speaker 1: destination and it's been peaceful for eight years. So the message, look, 69 00:04:00,800 --> 00:04:04,160 Speaker 1: you can take our lands, that they'll never be safe 70 00:04:04,480 --> 00:04:06,960 Speaker 1: even if you take an annex her soon, even if 71 00:04:06,960 --> 00:04:10,320 Speaker 1: you take these cities, we will come back and get them. 72 00:04:10,320 --> 00:04:13,800 Speaker 1: That's a message to Zelinsky sending by these reconformings of Crimea. 73 00:04:14,080 --> 00:04:17,640 Speaker 1: The opening months of the war really wrote a story, 74 00:04:17,800 --> 00:04:22,000 Speaker 1: told a story about bravery, about loyalty, about you know, 75 00:04:22,120 --> 00:04:25,800 Speaker 1: the fighting spirit for someone defending their land as opposed 76 00:04:25,839 --> 00:04:29,520 Speaker 1: to a group of conscripts or poorly trained Russian soldiers. 77 00:04:29,560 --> 00:04:32,320 Speaker 1: Really didn't want to go. How much of that spirit 78 00:04:32,400 --> 00:04:36,359 Speaker 1: remains the part of the recipe of success here for 79 00:04:36,440 --> 00:04:39,440 Speaker 1: Yukrane versus the billions of dollars and weapons at the 80 00:04:39,520 --> 00:04:44,360 Speaker 1: US has sent so I can't really isolate which one 81 00:04:44,440 --> 00:04:46,920 Speaker 1: is more important. I can I say both? Please? So 82 00:04:47,120 --> 00:04:50,000 Speaker 1: the United States has sent an enormous amount of assistance. 83 00:04:50,080 --> 00:04:53,200 Speaker 1: They just announced three billion more today. I think it's over. 84 00:04:53,720 --> 00:04:57,640 Speaker 1: I think it's over thirteen billion dollars since Biden became president. 85 00:04:57,640 --> 00:05:00,400 Speaker 1: It's it's a really big figure. But a of course, 86 00:05:00,480 --> 00:05:05,000 Speaker 1: morale matters, and Ukrainians have been fighting since they know 87 00:05:05,080 --> 00:05:07,680 Speaker 1: their territory better than the Russians too, and this is 88 00:05:07,720 --> 00:05:11,080 Speaker 1: an existential fight. And the Ukrainians are really good and 89 00:05:11,160 --> 00:05:14,800 Speaker 1: really smart and technically minded. So it really annoys me 90 00:05:14,800 --> 00:05:17,960 Speaker 1: when the White House and the presidential administration here in 91 00:05:18,040 --> 00:05:20,920 Speaker 1: d C. Has said, oh, the Ukrainians can't learn these 92 00:05:20,960 --> 00:05:24,760 Speaker 1: technical systems, they're too hard, they're too complicated. That's nonsense. 93 00:05:25,000 --> 00:05:27,720 Speaker 1: The Ukrainians have proven time and time again that they 94 00:05:27,720 --> 00:05:30,120 Speaker 1: can figure things out and that they can make huge 95 00:05:30,120 --> 00:05:32,920 Speaker 1: progress if we give them what they need. We're joined 96 00:05:32,920 --> 00:05:35,000 Speaker 1: by Melinda Herring of the Atlantic Council. The message from 97 00:05:35,040 --> 00:05:37,360 Speaker 1: the U S at least you know here in Washington, Uh, 98 00:05:37,480 --> 00:05:40,279 Speaker 1: not only the Biden administration, but Senator Mitch McConnell today, 99 00:05:40,279 --> 00:05:44,480 Speaker 1: we are still with you, and he sounded emboldened by 100 00:05:44,520 --> 00:05:48,520 Speaker 1: what's happening in Crimea. Listen to the Senator, Senate Minority 101 00:05:48,600 --> 00:05:51,200 Speaker 1: Leader McConnell. I've been waited to say they've been on 102 00:05:51,320 --> 00:05:54,480 Speaker 1: offense in Crimea in the last a week or so. 103 00:05:54,480 --> 00:05:56,360 Speaker 1: So they're trying to get on offense and to draw 104 00:05:56,440 --> 00:05:59,400 Speaker 1: to regain territory. We need to be with them all 105 00:05:59,440 --> 00:06:01,760 Speaker 1: the way and give whatever weapons I need. So give 106 00:06:01,839 --> 00:06:03,960 Speaker 1: them whatever weapons they need is something that has kind 107 00:06:03,960 --> 00:06:06,880 Speaker 1: of been redefined consistently over the last six months. You 108 00:06:06,880 --> 00:06:09,920 Speaker 1: can remember, Belinda, the argument about miggs and that was 109 00:06:10,000 --> 00:06:12,960 Speaker 1: never really resolved, but there was concern about any sort 110 00:06:13,000 --> 00:06:15,440 Speaker 1: of weapon that could be used in an offensive manner, 111 00:06:15,440 --> 00:06:17,559 Speaker 1: and we seem to have you know, crossed the line 112 00:06:17,680 --> 00:06:22,240 Speaker 1: on that, having provided a number of defensive systems as well. So, 113 00:06:22,360 --> 00:06:24,440 Speaker 1: you know, I keep asking the same question that keeps 114 00:06:24,720 --> 00:06:27,360 Speaker 1: resulting in a different answer. What what does Ukraine need now? 115 00:06:28,880 --> 00:06:31,960 Speaker 1: So President Zelinski said today he needs as many armored 116 00:06:32,040 --> 00:06:36,960 Speaker 1: vehicles as possible, and he needs one mm ammunition. So 117 00:06:37,040 --> 00:06:40,480 Speaker 1: that's the immediate request today. But they really need long 118 00:06:40,640 --> 00:06:43,680 Speaker 1: range missiles that they can shoot from these high mar systems, 119 00:06:43,720 --> 00:06:45,760 Speaker 1: and the White House has been reluctant to send it. 120 00:06:46,120 --> 00:06:49,080 Speaker 1: I love miss McConnell's statement that you just played give 121 00:06:49,120 --> 00:06:51,960 Speaker 1: them what they need. Well, I hope that the White 122 00:06:51,960 --> 00:06:55,599 Speaker 1: House will will take him seriously because it's long range 123 00:06:55,720 --> 00:06:59,159 Speaker 1: missiles that can make them a major difference uh In 124 00:06:59,680 --> 00:07:02,720 Speaker 1: put you know, enabling Ukraine to go on the offensive. 125 00:07:03,839 --> 00:07:08,680 Speaker 1: Apparently Vladimir Putin is is very angry about this, this 126 00:07:08,960 --> 00:07:11,720 Speaker 1: whole assassination story. This is the daughter of an ally 127 00:07:11,800 --> 00:07:15,720 Speaker 1: of his, Daria Dugana. Whether or not she was targeted, 128 00:07:15,720 --> 00:07:18,720 Speaker 1: maybe they both were, is unclear. But there's going to 129 00:07:18,760 --> 00:07:22,480 Speaker 1: be an apparent investigation in Russia. The State Department seems 130 00:07:22,520 --> 00:07:24,240 Speaker 1: to be kind of smirking at that idea of it 131 00:07:24,720 --> 00:07:27,920 Speaker 1: being a valid investigation. But how does that change the 132 00:07:27,960 --> 00:07:32,560 Speaker 1: contours of this war? Does that make Vladimir Putin dig 133 00:07:32,560 --> 00:07:36,120 Speaker 1: In evermore? Or is there no such thing with him? Okay, 134 00:07:36,160 --> 00:07:40,840 Speaker 1: so let me dispel one rumor. The dugan and Putin 135 00:07:40,920 --> 00:07:44,640 Speaker 1: are not besties. So Dugan is often called Putin's brain 136 00:07:44,720 --> 00:07:47,200 Speaker 1: and that's not exactly right. He is one of the 137 00:07:47,200 --> 00:07:50,400 Speaker 1: people who helped create the environment that led to the 138 00:07:50,400 --> 00:07:52,720 Speaker 1: war in Ukraine. But we're not sure that Putin and 139 00:07:52,800 --> 00:07:55,960 Speaker 1: Dugan have ever met. He's important, but he's he's not 140 00:07:56,040 --> 00:07:59,480 Speaker 1: a superstar intellectual. He's probably like a denish to SUSA, 141 00:07:59,560 --> 00:08:02,800 Speaker 1: maybe as Steve Bannon in American term. Okay, but it 142 00:08:02,880 --> 00:08:05,960 Speaker 1: brings it to the doormat a bit for Vladimir Putin though, right, 143 00:08:06,000 --> 00:08:09,280 Speaker 1: Does that increase the risk of attacks in Kiev, say tomorrow, 144 00:08:10,200 --> 00:08:12,239 Speaker 1: I think it does. So I've been making phone calls 145 00:08:12,280 --> 00:08:14,360 Speaker 1: all day and I've talked to people across the country 146 00:08:14,440 --> 00:08:16,960 Speaker 1: and people are they don't know what to make of tomorrow. 147 00:08:16,960 --> 00:08:20,320 Speaker 1: They're very nervous to the State Department put out a statement, 148 00:08:20,480 --> 00:08:23,560 Speaker 1: the embassy and Kiev did sorry and they said get 149 00:08:23,600 --> 00:08:27,840 Speaker 1: out of Kiev you can, and they're very concerned about it. So, yes, 150 00:08:28,320 --> 00:08:32,280 Speaker 1: the murder or the death of Dugna, Alexander Dugan's daughter 151 00:08:33,080 --> 00:08:37,600 Speaker 1: does raise the stakes, and also the strikes in Crimea 152 00:08:37,679 --> 00:08:40,839 Speaker 1: raise the stakes as well. Putin was not expecting that 153 00:08:41,000 --> 00:08:43,880 Speaker 1: at all. But in terms of who's responsible, I don't 154 00:08:43,920 --> 00:08:45,480 Speaker 1: have a good answer for you. I all I have 155 00:08:45,520 --> 00:08:50,120 Speaker 1: are four guesses, and none of them are satisfactory. Four guesses. 156 00:08:50,920 --> 00:08:55,120 Speaker 1: I have four guesses. So guests Number one is if 157 00:08:55,120 --> 00:08:57,360 Speaker 1: you believe the Russians, which I never do. They say 158 00:08:57,360 --> 00:09:00,720 Speaker 1: the Ukrainian Secret Services did it. Ukraine NWS that it 159 00:09:00,720 --> 00:09:03,640 Speaker 1: doesn't make any sense. Ukraine does not benefit. And it 160 00:09:03,720 --> 00:09:06,120 Speaker 1: was also done in the most secure neighborhood in Moscow. 161 00:09:06,240 --> 00:09:08,559 Speaker 1: So I'm going to give that zero percent, okay, and 162 00:09:08,600 --> 00:09:12,079 Speaker 1: we're down to three. Okay. Number two is a financial 163 00:09:12,120 --> 00:09:16,000 Speaker 1: beef with the Dougna family, Maybe I don't think so. 164 00:09:16,400 --> 00:09:19,400 Speaker 1: Number three is a false flag operation. The Russian Secret 165 00:09:19,400 --> 00:09:22,000 Speaker 1: Service did it to distract from something they planned to do, 166 00:09:22,360 --> 00:09:25,040 Speaker 1: So let's wait and see. And then number four I 167 00:09:25,040 --> 00:09:29,720 Speaker 1: think is also unlikely a growing armed rebellion within Russia 168 00:09:29,960 --> 00:09:34,080 Speaker 1: because there have been strikes against military recruitment offices and 169 00:09:34,160 --> 00:09:37,680 Speaker 1: other acts of sabotage. But none of these are statisfactory answers. 170 00:09:37,679 --> 00:09:39,320 Speaker 1: So you're not buying any of those. You're not telling 171 00:09:39,320 --> 00:09:42,600 Speaker 1: me it's a false flag. No one knows. I I've 172 00:09:42,640 --> 00:09:45,360 Speaker 1: I've called all the best Russian minds in Washington, and 173 00:09:45,520 --> 00:09:47,960 Speaker 1: no one knows it. Well, boy, I didn't know we 174 00:09:47,960 --> 00:09:50,120 Speaker 1: were going here today. This is fascinating, Linda. And now 175 00:09:50,120 --> 00:09:51,560 Speaker 1: I look, I don't want to force you to to 176 00:09:51,600 --> 00:09:54,040 Speaker 1: try to predict the future, because no one knows what's 177 00:09:54,040 --> 00:09:56,240 Speaker 1: going to happen when the sun comes up in Ukraine. 178 00:09:56,880 --> 00:09:58,920 Speaker 1: But how concerned are you about the capital? What is 179 00:09:59,040 --> 00:10:05,000 Speaker 1: Vladimir Putin have in mind that Zelenski describes deliberately here 180 00:10:05,600 --> 00:10:09,679 Speaker 1: as uh, what's the word that he used? Something despicable, 181 00:10:10,679 --> 00:10:13,480 Speaker 1: he said he It depends on how he translated, either 182 00:10:13,559 --> 00:10:18,120 Speaker 1: said nasty or disgusting. That's what Putin has in mind tomorrow. 183 00:10:18,200 --> 00:10:22,600 Speaker 1: So this is the thirty first anniversary of Ukrainian independence. 184 00:10:22,640 --> 00:10:25,320 Speaker 1: It's probably the biggest holiday, one of the biggest holidays 185 00:10:25,320 --> 00:10:28,280 Speaker 1: in the country, and I think it's particularly meaningful because 186 00:10:28,280 --> 00:10:32,000 Speaker 1: of everything that's happened this year. So we don't know. 187 00:10:32,080 --> 00:10:35,680 Speaker 1: I think it's gonna be lots of missile strikes across 188 00:10:35,720 --> 00:10:38,120 Speaker 1: the country, and I think it may include Kiev, but 189 00:10:39,040 --> 00:10:41,440 Speaker 1: no one knows. Like I said, I call people in 190 00:10:41,559 --> 00:10:45,360 Speaker 1: north in Kiev and then in in Adva, and people 191 00:10:45,480 --> 00:10:48,600 Speaker 1: are sheltering in place, They're planning to work from home. 192 00:10:48,880 --> 00:10:51,360 Speaker 1: They know where their bomb shelters are and they're gonna 193 00:10:51,400 --> 00:10:54,200 Speaker 1: wait and see and Honestly, what kind of life is 194 00:10:54,240 --> 00:10:56,920 Speaker 1: this school is about to start in Ukraine. Uh, it's 195 00:10:56,960 --> 00:11:01,400 Speaker 1: really really hard to to make a life in everything 196 00:11:01,440 --> 00:11:03,760 Speaker 1: to go up in the clouds in minutes. So you 197 00:11:03,760 --> 00:11:05,480 Speaker 1: don't see this as a turning point. This is going 198 00:11:05,520 --> 00:11:10,360 Speaker 1: to be a single day kind of spasm potentially by Russia. 199 00:11:10,720 --> 00:11:14,040 Speaker 1: Not not a new offensive against the capital. No. I 200 00:11:14,040 --> 00:11:15,400 Speaker 1: think they can turn up the heat. But you have 201 00:11:15,440 --> 00:11:18,520 Speaker 1: to remember the city of Kiev is the best a 202 00:11:18,600 --> 00:11:22,200 Speaker 1: defended city in the country. It has a phenomenal commander, 203 00:11:22,559 --> 00:11:25,200 Speaker 1: it has very strong security, it has the best air 204 00:11:25,240 --> 00:11:27,520 Speaker 1: defenses in the city. It is not going to be 205 00:11:27,600 --> 00:11:31,200 Speaker 1: easy to take the city of Kiev. So the worst 206 00:11:31,240 --> 00:11:34,680 Speaker 1: they can do is menaced the city, but with missile shelling, 207 00:11:34,920 --> 00:11:36,520 Speaker 1: and as we've seen, if they can even if they 208 00:11:36,520 --> 00:11:38,680 Speaker 1: can get in, they can't get out. Melinda, I'm delighted 209 00:11:38,679 --> 00:11:41,440 Speaker 1: you could join us. Melinda Herring, Deputy Director the Atlantic 210 00:11:41,480 --> 00:11:45,720 Speaker 1: Council's Eurasia Center, starting off the fastest hour in politics. 211 00:11:45,720 --> 00:11:47,400 Speaker 1: We have a lot to talk about this eve of 212 00:11:47,400 --> 00:11:50,760 Speaker 1: the anniversary as we assemble the panel. Next six months 213 00:11:50,800 --> 00:11:56,120 Speaker 1: in an independence Day, the thirty one for Ukraine, as 214 00:11:56,160 --> 00:11:59,520 Speaker 1: the US continues to send billions of dollars in weapons 215 00:12:00,040 --> 00:12:03,440 Speaker 1: and what some people call a proxy war. Rick Davis 216 00:12:03,440 --> 00:12:06,000 Speaker 1: and Jeanie Schanzano were up next. We'll check traffic and 217 00:12:06,000 --> 00:12:08,280 Speaker 1: markets for you on the way to I'm Joe Matthew 218 00:12:08,360 --> 00:12:16,160 Speaker 1: in Washington. This is Bloomberg. You're listening to Bloomberg. You 219 00:12:16,280 --> 00:12:22,760 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. The latest 220 00:12:22,760 --> 00:12:27,199 Speaker 1: from Ukraine, US warrens of fresh Russian strikes near civilians, 221 00:12:27,200 --> 00:12:31,920 Speaker 1: Bloomberg reporting that Russia is preparing to launch intensified strikes 222 00:12:32,040 --> 00:12:36,320 Speaker 1: against Ukraine's government facilities in the coming days. Is Vladimir 223 00:12:36,360 --> 00:12:38,520 Speaker 1: Prutin called the car bomb that killed the daughter of 224 00:12:38,520 --> 00:12:42,400 Speaker 1: an ally a dastardly crime. All this and the eve 225 00:12:42,440 --> 00:12:47,559 Speaker 1: of the six month anniversary and the thirty first Independence 226 00:12:47,640 --> 00:12:49,720 Speaker 1: Day of crimea. Thanks for being with us on sound 227 00:12:49,760 --> 00:12:52,280 Speaker 1: on the Signature panel is with us, Rick Davis and 228 00:12:52,360 --> 00:12:57,520 Speaker 1: Jennie Chanzano, Bloomberg Politics contributors. Rick, this is quite a 229 00:12:57,559 --> 00:13:00,559 Speaker 1: moment that you have reminded us of. This was supposed 230 00:13:00,559 --> 00:13:02,800 Speaker 1: to be over in three to five days, so there 231 00:13:02,800 --> 00:13:04,559 Speaker 1: are a couple of different ways to look at this. 232 00:13:05,040 --> 00:13:09,079 Speaker 1: But having just spoken with Melinda Herring, more than six 233 00:13:09,120 --> 00:13:13,880 Speaker 1: months of attrition. UH, sounds pretty tough. How long can 234 00:13:14,080 --> 00:13:18,520 Speaker 1: US support continue as Ukraine tries to fight Russia. Well, 235 00:13:18,559 --> 00:13:20,920 Speaker 1: I think it's indefinite. I mean, you heard the comments 236 00:13:20,920 --> 00:13:24,000 Speaker 1: that you played earlier by Mitch McConnell. He sounds all in. 237 00:13:24,120 --> 00:13:27,240 Speaker 1: And the president's announcement of three billion dollars today in 238 00:13:27,400 --> 00:13:30,920 Speaker 1: further aid from the US on it literally is long 239 00:13:31,040 --> 00:13:35,719 Speaker 1: term aid improving infrastructure of the security. So yeah, I mean, 240 00:13:35,880 --> 00:13:39,080 Speaker 1: I think they're planning on a long term, multi year 241 00:13:39,800 --> 00:13:43,760 Speaker 1: UH situation where bolstering the security of Ukraine is going 242 00:13:43,800 --> 00:13:46,400 Speaker 1: to be an important priority for the Biden administration. How 243 00:13:46,400 --> 00:13:50,320 Speaker 1: do you keep the American people, with some long wars 244 00:13:50,400 --> 00:13:54,320 Speaker 1: in their recent memories, Genie, supporting this for that duration. 245 00:13:55,320 --> 00:13:58,040 Speaker 1: That's the challenge. And I think we see a real 246 00:13:58,160 --> 00:14:02,040 Speaker 1: need for the Ukraine to prove to people in the 247 00:14:02,120 --> 00:14:05,040 Speaker 1: United States and into the West that this aid is 248 00:14:05,120 --> 00:14:07,960 Speaker 1: needed and they have to keep making that case. And 249 00:14:08,000 --> 00:14:12,120 Speaker 1: that's what Vladimir's Olenski has been so, you know, incredibly 250 00:14:12,559 --> 00:14:15,760 Speaker 1: good about doing and able to do, but it's hard 251 00:14:15,840 --> 00:14:17,800 Speaker 1: to keep this up in a sustained way. They have 252 00:14:17,880 --> 00:14:21,360 Speaker 1: the benefit of having bipartisan support so far on that, 253 00:14:21,840 --> 00:14:25,680 Speaker 1: but one you know, sort of warning sign is the 254 00:14:25,720 --> 00:14:29,200 Speaker 1: impact on the global economy, because as people outside of 255 00:14:29,320 --> 00:14:34,120 Speaker 1: Ukraine feel pressure economically, there will be questions raised. Three 256 00:14:34,160 --> 00:14:36,320 Speaker 1: billion in aid today, a lot of aid has been 257 00:14:36,320 --> 00:14:38,520 Speaker 1: given by the United States in the West. How long 258 00:14:38,680 --> 00:14:40,960 Speaker 1: do you keep that up and how much? And are 259 00:14:41,000 --> 00:14:43,480 Speaker 1: they getting what they need? To Melinda's point, are they 260 00:14:43,520 --> 00:14:46,240 Speaker 1: going to get the long range missiles that they say 261 00:14:46,280 --> 00:14:49,800 Speaker 1: they so desperately need. Zelenski vows that the war will 262 00:14:50,000 --> 00:14:54,080 Speaker 1: end in Crimea. Another line from him at this meeting today, 263 00:14:54,120 --> 00:14:58,400 Speaker 1: the Crimea platform. Rick Davis's c right, Well, that's certainly 264 00:14:58,840 --> 00:15:01,200 Speaker 1: what he's been saying really since the war began, is 265 00:15:01,280 --> 00:15:04,760 Speaker 1: that they consider status quo anti right, They're not just 266 00:15:04,840 --> 00:15:07,840 Speaker 1: going back to where the lines were drawn when the 267 00:15:07,920 --> 00:15:10,680 Speaker 1: Russians after they invaded in two thousand fourteen. But they 268 00:15:10,720 --> 00:15:12,880 Speaker 1: want it all back. They want Cremea back, they want 269 00:15:12,880 --> 00:15:16,080 Speaker 1: the done boss back and and right now, I mean 270 00:15:16,120 --> 00:15:17,840 Speaker 1: he's got an argument to do that. I mean, you 271 00:15:17,920 --> 00:15:22,360 Speaker 1: talked about earlier the attacks in Crimea shocking, I think 272 00:15:22,360 --> 00:15:25,680 Speaker 1: the Russians because it was a level of uh penetration 273 00:15:25,800 --> 00:15:28,520 Speaker 1: into that space that they hadn't seen before. So he 274 00:15:28,560 --> 00:15:31,360 Speaker 1: seems to be making his claim on that property, and 275 00:15:31,400 --> 00:15:34,360 Speaker 1: I think that uh probably gonna elicit a equal and 276 00:15:34,360 --> 00:15:39,320 Speaker 1: opposite reaction. Unfortunately, tomorrow around Ukraine Independence Day. How worried 277 00:15:39,360 --> 00:15:42,240 Speaker 1: should the US be about this? Obviously there's uh, they're 278 00:15:42,280 --> 00:15:45,840 Speaker 1: they're taking some protective measures for our diplomatic corps or 279 00:15:45,880 --> 00:15:48,880 Speaker 1: the small number of folks who are there right now, Genie, 280 00:15:48,880 --> 00:15:52,280 Speaker 1: But we could see some pretty difficult images tomorrow, and 281 00:15:52,360 --> 00:15:56,320 Speaker 1: of course that could only uh, you know, reinforce the 282 00:15:56,400 --> 00:15:59,360 Speaker 1: case here for US involvement. Yeah, I mean, I mean, 283 00:15:59,560 --> 00:16:03,200 Speaker 1: exactly what Melinda said and Zelinski has said, particularly nasty 284 00:16:03,280 --> 00:16:05,560 Speaker 1: is what we're expecting. That's why the United States has 285 00:16:05,600 --> 00:16:07,960 Speaker 1: made this case. You know, one thing I think we 286 00:16:07,960 --> 00:16:11,000 Speaker 1: should be cognizant of, is we there is a surprise 287 00:16:11,080 --> 00:16:14,080 Speaker 1: that Russia didn't, um wasn't able to at least on 288 00:16:14,120 --> 00:16:16,000 Speaker 1: their part, run in there in three to five days 289 00:16:16,040 --> 00:16:18,320 Speaker 1: and end this thing. But on the flip side of that, 290 00:16:18,400 --> 00:16:22,120 Speaker 1: we should also note that too many people surprised. Russia's 291 00:16:22,160 --> 00:16:26,120 Speaker 1: economy is also been able to bear the brunt of 292 00:16:26,320 --> 00:16:29,400 Speaker 1: really really tough sanctions, at least so far, and they've 293 00:16:29,400 --> 00:16:31,640 Speaker 1: done it on the back of places like India, China. 294 00:16:32,080 --> 00:16:34,400 Speaker 1: So that's something we should also keep in mind that 295 00:16:34,440 --> 00:16:37,200 Speaker 1: a lot of people weren't expecting after sanctions this tough 296 00:16:37,440 --> 00:16:41,080 Speaker 1: sell in real cheap oil, rick, you know. We we know, however, 297 00:16:41,160 --> 00:16:44,640 Speaker 1: that Vladimir Putin does not have access to semiconductors or 298 00:16:44,640 --> 00:16:47,320 Speaker 1: a lot of the hardware that he needs to continue 299 00:16:47,320 --> 00:16:51,880 Speaker 1: to replenish his military. The Pentagon says, Russian casualties are 300 00:16:51,880 --> 00:16:55,600 Speaker 1: in the area of eighty thousand. You know, at what 301 00:16:55,760 --> 00:16:59,920 Speaker 1: point can Vladimir Putin, you know, not continue this? You know, 302 00:17:00,000 --> 00:17:02,080 Speaker 1: it's a great question. I mean, when we were looking 303 00:17:02,120 --> 00:17:04,840 Speaker 1: at the build up before the invasion on the border 304 00:17:04,880 --> 00:17:07,359 Speaker 1: of Ukraine and the Dune Boss, we were talking about 305 00:17:07,400 --> 00:17:10,600 Speaker 1: like a hundred and twifty thousand people, and now more 306 00:17:10,640 --> 00:17:13,360 Speaker 1: than half of those are dead. Now, if someone had 307 00:17:13,400 --> 00:17:16,040 Speaker 1: told Vladimir Putin it it's gonna cost him half the army. 308 00:17:16,040 --> 00:17:18,320 Speaker 1: He's got a raid on the border and more than 309 00:17:18,359 --> 00:17:22,200 Speaker 1: that in equipment, and and and and ammo, I wonder 310 00:17:22,240 --> 00:17:24,320 Speaker 1: if he'd really thought it through, what would that have 311 00:17:24,400 --> 00:17:26,959 Speaker 1: been a deterrent to him? But this is this is 312 00:17:27,160 --> 00:17:29,400 Speaker 1: still I think early stages in a war that could 313 00:17:29,520 --> 00:17:32,000 Speaker 1: We were just talking about it last a very long time. 314 00:17:32,480 --> 00:17:36,040 Speaker 1: What price is Vladimir Putin willing to pay in blood 315 00:17:36,040 --> 00:17:39,720 Speaker 1: and treasure to sustain this adventure, and how much will 316 00:17:39,800 --> 00:17:43,480 Speaker 1: his population allow him to do it? Maybe these assassinations 317 00:17:43,520 --> 00:17:47,040 Speaker 1: that occurred yesterday or an indication that the population is 318 00:17:47,040 --> 00:17:50,919 Speaker 1: getting restless. So you've forecast another six months out, Jennie 319 00:17:51,280 --> 00:17:54,399 Speaker 1: Melinda said, it's gonna be years that. Look, the first 320 00:17:54,440 --> 00:17:58,280 Speaker 1: presidential debate is next June, so the war in Ukraine 321 00:17:58,760 --> 00:18:01,840 Speaker 1: is going to be a major issue at that period 322 00:18:01,880 --> 00:18:05,119 Speaker 1: of time. Will there be a Democrat and Republicans split 323 00:18:05,160 --> 00:18:09,840 Speaker 1: on this? Will the nominees be able to agree? You know, 324 00:18:10,119 --> 00:18:11,800 Speaker 1: I think it's going to be interesting. I think we're 325 00:18:11,800 --> 00:18:15,359 Speaker 1: gonna see sort of um a split in the parties, 326 00:18:15,400 --> 00:18:17,440 Speaker 1: if you will. So, I think you do have some 327 00:18:17,520 --> 00:18:20,879 Speaker 1: Republicans who say we've got challenges at home, you know, 328 00:18:21,119 --> 00:18:23,840 Speaker 1: we should be more focused here. You also have that 329 00:18:23,880 --> 00:18:26,560 Speaker 1: on the Democratic side as well, So there may be 330 00:18:26,680 --> 00:18:30,320 Speaker 1: some strange bedfellows in that regard. By and large, so far, 331 00:18:30,480 --> 00:18:35,439 Speaker 1: there has been widespread bipartisan support for for this, But 332 00:18:35,560 --> 00:18:40,400 Speaker 1: again that depends on what happens economically, and it depends 333 00:18:40,480 --> 00:18:43,840 Speaker 1: on you know, if if there is something nuclear for instance, 334 00:18:43,840 --> 00:18:46,760 Speaker 1: at this nuclear facility. How long does the United States, 335 00:18:46,760 --> 00:18:50,080 Speaker 1: people and the West continue to support this presidential Canada 336 00:18:50,160 --> 00:18:53,639 Speaker 1: afford to oppose this war? Rick, I don't think so. 337 00:18:53,760 --> 00:18:57,080 Speaker 1: I think this is a patriotic message to America that 338 00:18:57,280 --> 00:19:00,280 Speaker 1: we have to sustain democracies around the world. US is 339 00:19:00,280 --> 00:19:03,560 Speaker 1: the one that's most under attack. It's all coming, Rick 340 00:19:03,600 --> 00:19:05,879 Speaker 1: and Jennie, stay with us our signature panel. I'm Joe, 341 00:19:05,960 --> 00:19:10,160 Speaker 1: Matthew and Washington. This is sound on, this is Bloomberg. 342 00:19:14,600 --> 00:19:16,320 Speaker 1: You don't have to be from New York to appreciate 343 00:19:16,359 --> 00:19:19,520 Speaker 1: some of the races playing out in today's primary. None 344 00:19:19,560 --> 00:19:21,800 Speaker 1: more compelling, at least for me, than what some are 345 00:19:21,800 --> 00:19:25,000 Speaker 1: calling the Clash of the Titans, because it pits two 346 00:19:25,040 --> 00:19:29,280 Speaker 1: former allies and long time Democratic leaders against each other 347 00:19:29,480 --> 00:19:31,400 Speaker 1: from if you're from New York is certainly know who 348 00:19:31,400 --> 00:19:33,159 Speaker 1: they are. And this is all essentially thanks to a 349 00:19:33,240 --> 00:19:37,280 Speaker 1: redrawn map. Sometimes it pits two people of great experience 350 00:19:37,400 --> 00:19:40,840 Speaker 1: and with a long relationship against one another. So here 351 00:19:40,840 --> 00:19:43,679 Speaker 1: we are on the Upper East Side. It's Congresswoman Caroline 352 00:19:43,680 --> 00:19:46,480 Speaker 1: Maloney being at the forefront of remus, writes, has taught 353 00:19:46,520 --> 00:19:48,800 Speaker 1: me we can fight back and then if we just 354 00:19:48,920 --> 00:19:52,600 Speaker 1: don't quit. I approved this message because they also taught 355 00:19:52,880 --> 00:19:55,440 Speaker 1: you cannot send a man to do a woman's job. 356 00:19:55,760 --> 00:19:58,240 Speaker 1: You cannot send a man to do a woman's job, 357 00:19:58,480 --> 00:20:01,280 Speaker 1: she says. In the campaign, they got a lot of traction. 358 00:20:01,840 --> 00:20:05,359 Speaker 1: And of course that man staring from across the park 359 00:20:05,600 --> 00:20:08,639 Speaker 1: from the upper west side is Congressman Jerry Nataline. Our 360 00:20:08,680 --> 00:20:11,960 Speaker 1: country stands at a crossroads without democracy at stake, with 361 00:20:12,119 --> 00:20:16,120 Speaker 1: a runaway Supreme Court up ending fifty years of precedent 362 00:20:16,200 --> 00:20:19,480 Speaker 1: and eliminating women's right to choose, and an insurrection is 363 00:20:19,520 --> 00:20:22,920 Speaker 1: to Republican Party, uh for the first time in our history, 364 00:20:23,080 --> 00:20:26,600 Speaker 1: trying to stop the peaceful transfer of power. That's Nadler 365 00:20:26,720 --> 00:20:29,240 Speaker 1: at recent New York One debate. So you can you know, look, 366 00:20:29,320 --> 00:20:32,320 Speaker 1: these are both very well known candidates around here. As 367 00:20:32,320 --> 00:20:35,360 Speaker 1: I mentioned, I don't know former allies. Is this kind 368 00:20:35,359 --> 00:20:37,840 Speaker 1: of blown up in the media, But they were elected together. 369 00:20:37,960 --> 00:20:43,960 Speaker 1: They were freshmen together in fresh faces, and both rose 370 00:20:44,040 --> 00:20:48,119 Speaker 1: to big roles. She was the first woman to chair oversight, 371 00:20:48,480 --> 00:20:51,520 Speaker 1: is the first woman to chair the Oversight Committee. In Nadler, 372 00:20:51,600 --> 00:20:55,600 Speaker 1: of course, the Judiciary Committee sixty years of combined experience, 373 00:20:55,640 --> 00:20:59,159 Speaker 1: somebody's not going to make it here. Joe Crowley is 374 00:20:59,200 --> 00:21:02,359 Speaker 1: probably getting heartburn listening to all of this. The former congressman, 375 00:21:02,440 --> 00:21:05,240 Speaker 1: Democrat from New York is with us right now on 376 00:21:05,320 --> 00:21:08,600 Speaker 1: Bloomberg Radio. It's great to have you back, Congressman. Is 377 00:21:08,840 --> 00:21:11,919 Speaker 1: this tough for you to watch? No, not really, not 378 00:21:12,000 --> 00:21:16,239 Speaker 1: at all. It's uh, it's interesting, There's no question about it. 379 00:21:16,720 --> 00:21:19,600 Speaker 1: I've been there, I've done that. I know what they're 380 00:21:19,600 --> 00:21:23,480 Speaker 1: going through to some degree. Um, but your characterization of 381 00:21:23,920 --> 00:21:25,960 Speaker 1: the clash of the Titans is pretty accurate. I mean 382 00:21:26,000 --> 00:21:30,280 Speaker 1: you have to going at it, and you know they 383 00:21:30,400 --> 00:21:35,240 Speaker 1: really have been political allies throughout the years, um, minus 384 00:21:35,320 --> 00:21:38,280 Speaker 1: the notion or idea that they might possibly be thrown 385 00:21:38,280 --> 00:21:42,000 Speaker 1: into the same district, because that's always been a possibility, 386 00:21:42,160 --> 00:21:46,000 Speaker 1: and so um, you know this day may may have 387 00:21:46,040 --> 00:21:48,879 Speaker 1: been coming. I think after thirty years of service, you 388 00:21:49,040 --> 00:21:51,440 Speaker 1: thought those days behind you being thrown in with another company. 389 00:21:51,920 --> 00:21:53,440 Speaker 1: You know, New York is supposed to be the big 390 00:21:53,440 --> 00:21:55,960 Speaker 1: Blue Wall. I was supposed to stop the losses, that 391 00:21:55,960 --> 00:21:58,080 Speaker 1: we're gonna seal the parts of the country and push 392 00:21:58,160 --> 00:22:01,760 Speaker 1: back on that. But instead you have just not this happening, 393 00:22:01,760 --> 00:22:05,000 Speaker 1: but some other interesting races in New York as well well. 394 00:22:05,040 --> 00:22:07,119 Speaker 1: The other incumbent that I that you know, we're watching 395 00:22:07,119 --> 00:22:10,200 Speaker 1: of all of us here, of course Sean Patrick Maloney, 396 00:22:10,520 --> 00:22:12,800 Speaker 1: who's you know, he's not just any candidate either. He 397 00:22:12,880 --> 00:22:16,840 Speaker 1: leads the House Democratic Campaign Committee. That's New York seventeen. Right. 398 00:22:16,840 --> 00:22:20,880 Speaker 1: He's backed by uh Nancy Pelosi, by the establishment. Uh. 399 00:22:21,640 --> 00:22:24,200 Speaker 1: You looked at the very noisy numbers on this one. 400 00:22:24,240 --> 00:22:28,120 Speaker 1: Does he keep his job? Well? I think he does. Um. 401 00:22:28,200 --> 00:22:31,760 Speaker 1: You know, Sean is running in the district that his 402 00:22:31,880 --> 00:22:34,760 Speaker 1: home is in, and so I know there's been a 403 00:22:34,760 --> 00:22:37,280 Speaker 1: lot of talk about you know, what was this really 404 00:22:37,320 --> 00:22:39,480 Speaker 1: his district to run in? You know, when your house 405 00:22:39,560 --> 00:22:42,240 Speaker 1: is in that district, that makes it makes it makes 406 00:22:42,240 --> 00:22:44,600 Speaker 1: it kind of obvious when you're gonna run. He's running 407 00:22:44,640 --> 00:22:49,280 Speaker 1: against an up and coming Paul in uh this uh, 408 00:22:49,840 --> 00:22:52,600 Speaker 1: by the way, who was a former intern of mine 409 00:22:53,320 --> 00:22:55,919 Speaker 1: years ago. Okay, so we have to just stop right 410 00:22:55,920 --> 00:22:58,960 Speaker 1: there because that means your former intern is being backed 411 00:22:58,960 --> 00:23:04,160 Speaker 1: by Alexandria Seo Cortes, which means everything life is interesting. Yeah, 412 00:23:04,400 --> 00:23:08,120 Speaker 1: everything right side up is now upside down. Joe Crowley, 413 00:23:08,160 --> 00:23:11,600 Speaker 1: what a business? Uh? What does that mean you when 414 00:23:11,640 --> 00:23:14,359 Speaker 1: you see when you see that attack? Oh god, I can't. 415 00:23:14,840 --> 00:23:16,000 Speaker 1: I want to hear what you just said. When you 416 00:23:16,040 --> 00:23:18,600 Speaker 1: see an attack like that from the progressive left, if 417 00:23:18,600 --> 00:23:20,000 Speaker 1: I don't even know if I'm supposed to call it 418 00:23:20,080 --> 00:23:23,600 Speaker 1: that the AOC versus Pelosi, what does that tell you 419 00:23:23,600 --> 00:23:28,280 Speaker 1: about the district? Well, I think you know, it says 420 00:23:28,400 --> 00:23:32,440 Speaker 1: more about this notion idea that Democrats aren't progressive enough, 421 00:23:32,560 --> 00:23:35,680 Speaker 1: which is I think, especially especially being in New York, 422 00:23:35,800 --> 00:23:40,280 Speaker 1: is pretty absurd. But um, I think you know, this 423 00:23:40,359 --> 00:23:43,880 Speaker 1: district itself is not an inner city district by any 424 00:23:43,880 --> 00:23:47,280 Speaker 1: stretch of the imagination. The ocean of defund the police, 425 00:23:47,880 --> 00:23:52,680 Speaker 1: um is not something that's welcomed in this district at all. 426 00:23:53,160 --> 00:23:56,160 Speaker 1: So I do think that there are advantages here, that 427 00:23:56,200 --> 00:23:58,560 Speaker 1: this is not my old district, that there are advantages here. 428 00:23:58,560 --> 00:24:00,159 Speaker 1: And I think that Sean Patrick Loone is going to 429 00:24:00,200 --> 00:24:05,359 Speaker 1: take advantage of Are you supporting him? Shan's an old friend, 430 00:24:05,440 --> 00:24:08,760 Speaker 1: I understand, and I think he's going to win this selection. 431 00:24:08,880 --> 00:24:11,359 Speaker 1: I have not No one was asking for an endorsement 432 00:24:11,680 --> 00:24:16,440 Speaker 1: so in any of these races, quite perfectly, So that's okay. Well, 433 00:24:16,520 --> 00:24:19,400 Speaker 1: they look there have been quite a number of interesting 434 00:24:19,520 --> 00:24:21,919 Speaker 1: races and and one that is being looked at as 435 00:24:21,920 --> 00:24:24,760 Speaker 1: a bit of a proxy for the general as as 436 00:24:24,800 --> 00:24:26,879 Speaker 1: you well know, is is New York nineteen here, and 437 00:24:27,080 --> 00:24:29,160 Speaker 1: what a what a bizarre situation to think that you're 438 00:24:29,160 --> 00:24:31,160 Speaker 1: electing somebody to have the job for what three months, 439 00:24:31,160 --> 00:24:34,560 Speaker 1: and then the district moves again. But Pat Ryan, the 440 00:24:34,600 --> 00:24:37,840 Speaker 1: Democrat a county exactly, he's got a you know, good resume. 441 00:24:37,920 --> 00:24:42,080 Speaker 1: West Point Grad has gotten into a real argument over 442 00:24:42,320 --> 00:24:45,679 Speaker 1: issues with Mark Mullnaro, the Republican. This is being framed 443 00:24:45,680 --> 00:24:49,560 Speaker 1: as an actual above board argument over political issues that 444 00:24:49,600 --> 00:24:52,080 Speaker 1: could give us a glimpse. I don't want to overplay 445 00:24:52,119 --> 00:24:54,240 Speaker 1: it into what we might see in November, do you 446 00:24:54,280 --> 00:24:58,640 Speaker 1: think so? Well? I think in terms of the power 447 00:24:58,920 --> 00:25:01,800 Speaker 1: of the decision by the Supreme Court to overturn Row, 448 00:25:02,480 --> 00:25:05,720 Speaker 1: that many eyebawls are watching this particular race because the 449 00:25:05,720 --> 00:25:08,120 Speaker 1: first opportunity to have a real head to head Democratic 450 00:25:08,160 --> 00:25:10,920 Speaker 1: Republican in the district, as you say, that won't really 451 00:25:10,920 --> 00:25:14,000 Speaker 1: exist in the same format in a couple of months. 452 00:25:14,000 --> 00:25:19,720 Speaker 1: In fact, Molnaro will be running in a different district November, 453 00:25:19,880 --> 00:25:23,680 Speaker 1: as will Pat Ryan for two different seats. Um But 454 00:25:23,840 --> 00:25:26,880 Speaker 1: I think because this was a district where both Biden 455 00:25:26,920 --> 00:25:30,359 Speaker 1: won the last election, narrowly, and Trump won narrowly in 456 00:25:30,400 --> 00:25:33,760 Speaker 1: the election before. The people are looking at this as 457 00:25:33,800 --> 00:25:39,600 Speaker 1: a really swing district, and so uh, in this off 458 00:25:39,720 --> 00:25:43,840 Speaker 1: year election for president, Democrats should struggle more in a 459 00:25:43,920 --> 00:25:46,919 Speaker 1: district like this, And so that's why people looking at 460 00:25:46,920 --> 00:25:50,120 Speaker 1: this if if if Ryan is to win, it makes 461 00:25:50,119 --> 00:25:54,159 Speaker 1: say this makes say something very powerfully about that Supreme 462 00:25:54,160 --> 00:25:57,639 Speaker 1: Court decision. It's the definition of a toss up here, Congressmen, 463 00:25:57,640 --> 00:25:59,439 Speaker 1: I have less than a minute here, But when when 464 00:25:59,480 --> 00:26:01,760 Speaker 1: you're running, when you're in this business, when you're watching 465 00:26:01,760 --> 00:26:04,080 Speaker 1: your districts move around, you are you just out on 466 00:26:04,080 --> 00:26:07,199 Speaker 1: a regular basis walking the outer reaches of the district 467 00:26:07,240 --> 00:26:09,399 Speaker 1: to know where the heck the lines start and stop. 468 00:26:10,880 --> 00:26:13,439 Speaker 1: I'm not going it's almost impossible to do that, but 469 00:26:14,080 --> 00:26:17,520 Speaker 1: I think you know, you gotta be careful not to 470 00:26:17,560 --> 00:26:20,320 Speaker 1: disparage other parts of the great city of New York 471 00:26:20,600 --> 00:26:25,320 Speaker 1: where you might one day represents. That's that's one thing 472 00:26:25,359 --> 00:26:29,560 Speaker 1: you should do. Little device from former Congressman Joe Crowley. 473 00:26:30,000 --> 00:26:31,879 Speaker 1: Great to have you back with us, sir, and happy 474 00:26:31,880 --> 00:26:34,879 Speaker 1: primary day in New York. As I mentioned, some folks 475 00:26:34,920 --> 00:26:36,640 Speaker 1: will be hitting the polls on their way to work 476 00:26:36,680 --> 00:26:38,520 Speaker 1: and because it's New York, you know, on their way 477 00:26:38,520 --> 00:26:42,320 Speaker 1: home from work and all things in between. Will reassemble 478 00:26:42,359 --> 00:26:45,280 Speaker 1: the panel next and here from Rick Davis and Jeanie Schanzano. 479 00:26:45,720 --> 00:26:54,840 Speaker 1: I'm Joe Matthew This he's Bloomberg. This is Bloomberg sound 480 00:26:54,920 --> 00:27:00,520 Speaker 1: on on Bloomberg Radio, the fastest hour in politics on 481 00:27:00,560 --> 00:27:02,720 Speaker 1: a primary day. What else could you ask for? You 482 00:27:02,760 --> 00:27:05,119 Speaker 1: know what voice we did not hear in that great 483 00:27:05,119 --> 00:27:10,520 Speaker 1: conversation with Joe Crowley was one of the other candidates 484 00:27:10,600 --> 00:27:15,400 Speaker 1: in this race. That's pit the two Titans against one another. Right, 485 00:27:15,400 --> 00:27:17,560 Speaker 1: this is the Caroline Maloney Jerry Nadler race. Well, there's 486 00:27:17,560 --> 00:27:20,040 Speaker 1: another candidate in this race that's actually made it to 487 00:27:20,119 --> 00:27:23,960 Speaker 1: the debate stage, and an up and comer almost beat 488 00:27:24,560 --> 00:27:28,080 Speaker 1: Caroline Maloney as a matter of fact, in name is 489 00:27:28,280 --> 00:27:33,240 Speaker 1: Surge Patel, a former Obama aide uh that's frequently part 490 00:27:33,320 --> 00:27:37,440 Speaker 1: of the bio here and running on generational change. Before 491 00:27:37,480 --> 00:27:39,199 Speaker 1: we reassemble the panel, I want you to listen to 492 00:27:39,280 --> 00:27:42,560 Speaker 1: his message as he was standing next to these two 493 00:27:42,640 --> 00:27:47,480 Speaker 1: thirty year veterans. Look, Democrats have lost almost every major 494 00:27:47,480 --> 00:27:50,680 Speaker 1: battle to Mitch McConnell and Republicans. Trump is um is 495 00:27:50,720 --> 00:27:53,600 Speaker 1: on the rise, even if we defeated Trump. To defeat it, 496 00:27:53,960 --> 00:27:56,720 Speaker 1: we need people with new ideas and energy. Now tonight, 497 00:27:56,720 --> 00:28:00,480 Speaker 1: you're gonna hear two distinct arguments from three candidates. Two 498 00:28:00,520 --> 00:28:02,320 Speaker 1: of them are gonna be talking about the past, and 499 00:28:02,359 --> 00:28:06,720 Speaker 1: I'm gonna be talking about the future. Interesting speaking of 500 00:28:06,720 --> 00:28:09,399 Speaker 1: the past that at that same New York One debate, 501 00:28:10,280 --> 00:28:14,680 Speaker 1: Congress Vann Adler starts rattling off his bona fides, including, 502 00:28:14,720 --> 00:28:16,080 Speaker 1: you know, a lot of people say, well, gosh, she's 503 00:28:16,119 --> 00:28:19,119 Speaker 1: so well known in name recognition because of well, the 504 00:28:19,119 --> 00:28:23,400 Speaker 1: Trump impeachments, the impeachment trials. But here listen to how 505 00:28:23,400 --> 00:28:26,640 Speaker 1: he put it. And I have passed the end uh 506 00:28:26,880 --> 00:28:31,640 Speaker 1: two impeachments, and my in leaving this, I've impeached Bush twice. 507 00:28:32,119 --> 00:28:35,919 Speaker 1: I've passed the Bush the strongest, and another subject, I've 508 00:28:35,920 --> 00:28:39,200 Speaker 1: passed the strongest gun control legislation in thirty years. I've 509 00:28:39,240 --> 00:28:43,000 Speaker 1: passed through Respect for Marriage Act. It's just interesting to 510 00:28:43,080 --> 00:28:45,400 Speaker 1: me how these things can work out. As we reassemble 511 00:28:45,480 --> 00:28:48,320 Speaker 1: the panel, here noting the New York Times endorsement, the 512 00:28:48,360 --> 00:28:52,640 Speaker 1: Chuck Schumer endorsement, Elizabeth Warren endorsements of Jerry Nadler is 513 00:28:52,640 --> 00:28:56,640 Speaker 1: he the best candidate for New York. Rick Davis is 514 00:28:56,640 --> 00:28:59,800 Speaker 1: with US Jennie Chanzano Bloomberg Politics Contributors as the Democrat 515 00:28:59,840 --> 00:29:02,280 Speaker 1: in US UH in this panel here, Jeanie, your thought 516 00:29:02,280 --> 00:29:04,880 Speaker 1: on that, you know New York, well, is the seniority 517 00:29:04,920 --> 00:29:09,240 Speaker 1: the important part? Or does Mr Patel have a point 518 00:29:09,440 --> 00:29:12,840 Speaker 1: nineties Democrats need to at some point get out of 519 00:29:12,840 --> 00:29:15,920 Speaker 1: the way. Yeah, I mean Serge Patel. You know, he 520 00:29:16,040 --> 00:29:19,080 Speaker 1: is thirty eight years old, and he certainly does make 521 00:29:19,120 --> 00:29:21,720 Speaker 1: a case and we know this looking at the age 522 00:29:21,840 --> 00:29:25,800 Speaker 1: quite frankly of democratic leadership in the House in particular, 523 00:29:26,160 --> 00:29:30,120 Speaker 1: that we do need to think about generational change as Democrats. 524 00:29:30,200 --> 00:29:34,240 Speaker 1: But you know, this issue of Nadler's health is something 525 00:29:34,280 --> 00:29:37,840 Speaker 1: that Maloney has brought up a lot. She described him 526 00:29:37,880 --> 00:29:41,440 Speaker 1: as half dead at one point, making the Bush remark, right, 527 00:29:41,440 --> 00:29:45,520 Speaker 1: he didn't forgot which president said he won't be suggests 528 00:29:45,520 --> 00:29:47,800 Speaker 1: he won't be healthy enough to finish the term. They 529 00:29:47,800 --> 00:29:50,920 Speaker 1: said he lost consciousness at one point. It's getting very 530 00:29:51,040 --> 00:29:53,480 Speaker 1: very ugly out there for two people who have been 531 00:29:53,520 --> 00:29:57,040 Speaker 1: you know, friends at least for thirty years. Um. But 532 00:29:57,040 --> 00:30:00,960 Speaker 1: but you know, in Nadler's defense, he back when Patel 533 00:30:01,040 --> 00:30:04,160 Speaker 1: made this case and said, that's not how Washington works. 534 00:30:04,200 --> 00:30:07,000 Speaker 1: You need seniority in Congress to get things done. I 535 00:30:07,040 --> 00:30:09,000 Speaker 1: can pick up the phone and call the president. And 536 00:30:09,120 --> 00:30:12,120 Speaker 1: that is a you know, an important point to be had. 537 00:30:12,360 --> 00:30:14,560 Speaker 1: Is that an argument for voters? And when it comes 538 00:30:14,600 --> 00:30:18,080 Speaker 1: down to it, Rick, or or for a different audience, 539 00:30:18,120 --> 00:30:22,400 Speaker 1: when you start talking about uh, seniority, the voters actually 540 00:30:22,440 --> 00:30:24,800 Speaker 1: care about the fact that you know, somebody's a chair 541 00:30:24,840 --> 00:30:27,480 Speaker 1: on a committee or does that just mean bigger endorsements 542 00:30:27,480 --> 00:30:32,000 Speaker 1: and more money. Well, for sure, voters care about bringing 543 00:30:32,040 --> 00:30:34,720 Speaker 1: home the bacon. Uh and uh. And so if you're 544 00:30:34,720 --> 00:30:37,640 Speaker 1: in a position where you can help the district by 545 00:30:37,640 --> 00:30:41,560 Speaker 1: being in a seniority position, Alphonse de Motto was probably 546 00:30:41,560 --> 00:30:44,520 Speaker 1: one of the best at that, a New Yorker vintage 547 00:30:45,080 --> 00:30:49,040 Speaker 1: candidate and elected official senator and and and that was 548 00:30:49,080 --> 00:30:51,760 Speaker 1: the standard and it still is. If you are in 549 00:30:51,800 --> 00:30:54,400 Speaker 1: a powerful position, as long as you don't forget what 550 00:30:54,520 --> 00:30:57,360 Speaker 1: district you're from or what state you're from, then you 551 00:30:57,360 --> 00:31:00,920 Speaker 1: can use that power to featherbed your strict and ensure 552 00:31:00,960 --> 00:31:03,840 Speaker 1: that people will want to return you and a new 553 00:31:04,000 --> 00:31:07,320 Speaker 1: candidate like Patel who's coming, you know, with the basics 554 00:31:07,360 --> 00:31:12,320 Speaker 1: of smart and aggressive and youthful, doesn't have any ability 555 00:31:12,640 --> 00:31:15,520 Speaker 1: within the seniority system of the House Representatives to have 556 00:31:15,640 --> 00:31:18,120 Speaker 1: a chairmanship of a committee or to be able to 557 00:31:18,120 --> 00:31:21,240 Speaker 1: bring home appropriations to his district of New York City 558 00:31:21,320 --> 00:31:25,160 Speaker 1: has a new freshman in that case. I asked Joe 559 00:31:25,200 --> 00:31:28,520 Speaker 1: Crowley about this, Uh Sean Patrick Maloney race? Does he 560 00:31:28,600 --> 00:31:32,000 Speaker 1: keep his job tonight? Genie? You know it is looking 561 00:31:32,560 --> 00:31:35,000 Speaker 1: it's hard to know. The polls are are not uh 562 00:31:35,800 --> 00:31:39,200 Speaker 1: really telling in this race. I don't think um, I 563 00:31:39,240 --> 00:31:42,800 Speaker 1: think he's got a good shot. Um that Pelosi endorsement 564 00:31:42,840 --> 00:31:45,280 Speaker 1: due for him what it did for Jerry Nadler or 565 00:31:45,320 --> 00:31:48,600 Speaker 1: appears to be doing. Um it could you know? Bai 566 00:31:48,760 --> 00:31:52,040 Speaker 1: is also a really really attractive candidate. I was listening 567 00:31:52,040 --> 00:31:54,800 Speaker 1: to some of her supporters today and there is a 568 00:31:54,800 --> 00:31:57,200 Speaker 1: lot of energy on her side. But I have to 569 00:31:57,240 --> 00:32:00,719 Speaker 1: tell you, this is New York's second primary. Is really 570 00:32:00,760 --> 00:32:02,960 Speaker 1: really hard to get people out to vote on the 571 00:32:03,000 --> 00:32:05,840 Speaker 1: twenty three of August when people are thinking about going 572 00:32:05,840 --> 00:32:08,200 Speaker 1: away for vacation. So I think it's going to be 573 00:32:08,240 --> 00:32:12,120 Speaker 1: a turnout battle. And Maloney has both the establishment support, 574 00:32:12,240 --> 00:32:14,800 Speaker 1: the money, the name recognition, so it's an uphill battle 575 00:32:14,840 --> 00:32:17,640 Speaker 1: for her for certain, but it does you know, really, 576 00:32:18,160 --> 00:32:22,160 Speaker 1: I think really raised the prospect again about this sort 577 00:32:22,160 --> 00:32:25,120 Speaker 1: of generational change and what we've seen consistently in New 578 00:32:25,160 --> 00:32:28,440 Speaker 1: York and the country and the democratic side about progressives 579 00:32:28,560 --> 00:32:31,840 Speaker 1: versus the more moderate establishments. This time tomorrow we get 580 00:32:31,840 --> 00:32:35,760 Speaker 1: to distill the results and hear about it from Rick 581 00:32:35,800 --> 00:32:37,840 Speaker 1: and Genie. I'm looking forward to that, not just uh 582 00:32:38,440 --> 00:32:41,800 Speaker 1: New York, but hopefully we'll have solid results from Florida. 583 00:32:42,240 --> 00:32:44,560 Speaker 1: I don't mean to get into the comedy portion of 584 00:32:44,560 --> 00:32:47,479 Speaker 1: the program, so uh well, sometimes we wait. What can 585 00:32:47,520 --> 00:32:50,200 Speaker 1: I say now? Big breaker today? This is gonna be 586 00:32:50,240 --> 00:32:53,000 Speaker 1: happening tomorrow, and I'd love to hear from you both 587 00:32:53,040 --> 00:32:57,720 Speaker 1: on this. Joe Biden apparently making good on a campaign promise. 588 00:32:57,800 --> 00:32:59,760 Speaker 1: Let's go back to the campaign trail. If you can 589 00:32:59,800 --> 00:33:02,440 Speaker 1: use magical harp in your head here, we're going back 590 00:33:02,440 --> 00:33:05,080 Speaker 1: to Broward County. Remember when he was doing the drive 591 00:33:05,160 --> 00:33:09,440 Speaker 1: ins and like during COVID instead of clapping people honking 592 00:33:09,480 --> 00:33:12,000 Speaker 1: their horns. It just it'll bring you back. Here's Joe Biden, 593 00:33:12,040 --> 00:33:15,040 Speaker 1: candidate Joe Biden. We're gonna make sure you can wipe 594 00:33:15,040 --> 00:33:22,760 Speaker 1: out your college debt as well. Hank, that horn, we 595 00:33:22,920 --> 00:33:25,760 Speaker 1: get more help to race horses than we do college 596 00:33:25,800 --> 00:33:28,760 Speaker 1: students who wrote that line. But here we have on 597 00:33:28,800 --> 00:33:31,520 Speaker 1: the terminal Biden to unveiled student loan plan. As allies 598 00:33:31,600 --> 00:33:36,600 Speaker 1: fret it's too meager advocates pushing for more than ten 599 00:33:36,640 --> 00:33:39,200 Speaker 1: thousand dollars in debt forgiveness. But isn't that what he's 600 00:33:39,240 --> 00:33:41,280 Speaker 1: been talking about. We're not exactly sure how this is 601 00:33:41,320 --> 00:33:44,200 Speaker 1: gonna go and where the limit will be. It had 602 00:33:44,240 --> 00:33:49,040 Speaker 1: been pitched before as uh capping it at incomes or 603 00:33:49,080 --> 00:33:51,520 Speaker 1: family incomes at a hundred and twenty five dollars. We'll 604 00:33:51,520 --> 00:33:54,400 Speaker 1: see if that ends up be in the case tomorrow. Rick. 605 00:33:54,440 --> 00:33:59,240 Speaker 1: I keep seeing on Twitter from Biden critics that there 606 00:33:59,280 --> 00:34:01,840 Speaker 1: he goes boy talk about this is like, this is 607 00:34:01,920 --> 00:34:05,800 Speaker 1: bare knuckle buying votes. Is that the politics here or 608 00:34:05,840 --> 00:34:07,920 Speaker 1: is it better than that? Now? I can't figure it out. 609 00:34:07,960 --> 00:34:11,120 Speaker 1: I mean, the only thing that's different between that campaign 610 00:34:11,120 --> 00:34:14,839 Speaker 1: promise him today is nine inflation and and and I 611 00:34:14,880 --> 00:34:17,960 Speaker 1: hate waking up and reading Larry Summers and agreeing with him. 612 00:34:17,960 --> 00:34:22,440 Speaker 1: It drives me nuts. But he said this is inflationary. 613 00:34:22,480 --> 00:34:26,000 Speaker 1: Why would we add fuel to the fire at this moment? 614 00:34:26,120 --> 00:34:29,239 Speaker 1: And I think he's right, and so you know, I 615 00:34:29,320 --> 00:34:32,680 Speaker 1: hate to say it, but, um, the fact that Biden 616 00:34:32,719 --> 00:34:36,840 Speaker 1: has not understood that his job today politically is to 617 00:34:36,880 --> 00:34:39,239 Speaker 1: bring down inflation, and he opens him up as his 618 00:34:39,320 --> 00:34:42,080 Speaker 1: help up to that argument is crazy right before an 619 00:34:42,080 --> 00:34:44,719 Speaker 1: election like this. I'm glad you mentioned Larry Summers, Genie. 620 00:34:44,719 --> 00:34:47,759 Speaker 1: You probably saw the tweets that's where he dropped his 621 00:34:47,880 --> 00:34:50,160 Speaker 1: opinion on this quote. I hope the administration does not 622 00:34:50,200 --> 00:34:55,800 Speaker 1: contribute to inflation macro economically by offering unreasonable generous student 623 00:34:55,800 --> 00:35:01,719 Speaker 1: loan relief, or micro economically by encouraging college tuition increases. 624 00:35:02,400 --> 00:35:04,360 Speaker 1: And he went on to write more. He's replying to 625 00:35:04,440 --> 00:35:08,040 Speaker 1: himself to make the case, is this a risky move 626 00:35:08,120 --> 00:35:09,920 Speaker 1: for the White House? Or does the President have a 627 00:35:09,960 --> 00:35:12,680 Speaker 1: slam dunk here for the mid terms. It's a very 628 00:35:12,800 --> 00:35:16,480 Speaker 1: risky move for the White House. Um, you know, he 629 00:35:16,520 --> 00:35:20,040 Speaker 1: did promise it. And and students in this country carry 630 00:35:20,080 --> 00:35:23,240 Speaker 1: one point six trillion dollars in debt. I faced them 631 00:35:23,320 --> 00:35:27,239 Speaker 1: just next week. It is an astronomical amount. And what 632 00:35:27,440 --> 00:35:31,120 Speaker 1: frustrates me about this issue is there's very little discussion 633 00:35:31,160 --> 00:35:36,239 Speaker 1: about why our college universities cost so much money. And 634 00:35:36,280 --> 00:35:38,920 Speaker 1: that's something that has to be tackled. Larry is right, 635 00:35:39,000 --> 00:35:43,080 Speaker 1: there is a real risk of exacerbating inflation. Biden administration 636 00:35:43,080 --> 00:35:46,480 Speaker 1: already canceled more student loan debt than any other administration 637 00:35:46,600 --> 00:35:50,200 Speaker 1: in history, thirty two point thirty two billion dollars. And 638 00:35:50,280 --> 00:35:52,319 Speaker 1: so I think he does take a step. I think 639 00:35:52,320 --> 00:35:54,600 Speaker 1: I'll try to moderate it, but I do think a 640 00:35:54,719 --> 00:35:57,319 Speaker 1: real discussion needs to be had about why we have 641 00:35:57,480 --> 00:36:00,799 Speaker 1: so much debt towards students in this country, as you know, 642 00:36:00,960 --> 00:36:04,080 Speaker 1: having having children. It is a real, real problem in 643 00:36:04,120 --> 00:36:07,680 Speaker 1: our system. Well, the end double a CP is concerned 644 00:36:07,680 --> 00:36:09,719 Speaker 1: about what At least these are just reports. We don't 645 00:36:09,719 --> 00:36:11,680 Speaker 1: know where the numbers are going to be. But if 646 00:36:11,680 --> 00:36:14,960 Speaker 1: the ten thousan dollar number is on there, uh, you 647 00:36:15,000 --> 00:36:17,800 Speaker 1: can count the end double a CP a critic. Uh. 648 00:36:17,840 --> 00:36:20,600 Speaker 1: If the rumors are true. This is from President Derrick Johnson. 649 00:36:20,680 --> 00:36:23,360 Speaker 1: We've got a problem, he says, And tragically we've experienced 650 00:36:23,440 --> 00:36:26,239 Speaker 1: this so many times before. This is not how you 651 00:36:26,280 --> 00:36:30,160 Speaker 1: treat black voters who turned out in record numbers and 652 00:36:30,200 --> 00:36:34,440 Speaker 1: provided their vote to again save democracy in That's pretty 653 00:36:34,440 --> 00:36:37,800 Speaker 1: heavy stuff, Rick, Yeah, it's uh, it's it's full of 654 00:36:37,840 --> 00:36:43,040 Speaker 1: criticism this policy. I'm actually assuming that they've got polling 655 00:36:43,120 --> 00:36:46,680 Speaker 1: that shows them somehow benefiting from this. Because from a 656 00:36:46,680 --> 00:36:48,799 Speaker 1: public policy point of view, how about all the people 657 00:36:48,840 --> 00:36:51,560 Speaker 1: who weren't able to go to college, who you know, 658 00:36:51,600 --> 00:36:55,279 Speaker 1: as described in this last segment, who who also have 659 00:36:55,360 --> 00:36:57,440 Speaker 1: been slaving a way to try and make a living 660 00:36:57,520 --> 00:37:01,120 Speaker 1: and advance themselves, and and and so you know, it's 661 00:37:01,120 --> 00:37:05,200 Speaker 1: just it's it creates a division within his own caucus, 662 00:37:05,200 --> 00:37:08,319 Speaker 1: but also in the country. And I just I think 663 00:37:08,320 --> 00:37:10,759 Speaker 1: it's too easy a political ploy, right, I mean, it's 664 00:37:10,760 --> 00:37:14,800 Speaker 1: just naked politics. Uh, the chief executive of the country 665 00:37:14,880 --> 00:37:16,920 Speaker 1: writing a check to people who went to college. I 666 00:37:16,960 --> 00:37:19,720 Speaker 1: mean you think it's buying votes. I think it's buying votes. 667 00:37:19,960 --> 00:37:22,960 Speaker 1: Every dollar spent Larry Summers rights, Jennie, and you work 668 00:37:22,960 --> 00:37:25,759 Speaker 1: in academia, every dollar spent on student loan relief as 669 00:37:25,800 --> 00:37:28,760 Speaker 1: a dollar that could have gone to support those without 670 00:37:28,800 --> 00:37:31,439 Speaker 1: the opportunity to go to college. As you write, he's 671 00:37:31,480 --> 00:37:34,120 Speaker 1: absolutely right. And this has been the challenge, and this 672 00:37:34,200 --> 00:37:36,279 Speaker 1: is going to be the criticism that the administration is 673 00:37:36,280 --> 00:37:38,400 Speaker 1: going to have to face up. And it's an old story. 674 00:37:38,760 --> 00:37:41,719 Speaker 1: You make promises on the campaign trail and then you're 675 00:37:41,800 --> 00:37:44,839 Speaker 1: held to them, and they've been pushing this can down 676 00:37:44,920 --> 00:37:47,520 Speaker 1: the road. Now that's come time tomorrow that we're going 677 00:37:47,560 --> 00:37:49,279 Speaker 1: to hear what he has to say about it. But 678 00:37:49,360 --> 00:37:51,920 Speaker 1: it's a real challenge. You said it. We set up 679 00:37:51,960 --> 00:37:54,240 Speaker 1: tomorrow perfectly. We will have more on this. The President 680 00:37:54,239 --> 00:37:56,160 Speaker 1: will have spoken, will have results from New York and 681 00:37:56,200 --> 00:37:58,960 Speaker 1: Florida with the best panel in the business, Rick Davis 682 00:37:58,960 --> 00:38:02,080 Speaker 1: and Jeanie Schanzino year on the fastest hour in politics. 683 00:38:02,360 --> 00:38:05,600 Speaker 1: If you showed up late, subscribe to the podcast it's 684 00:38:05,640 --> 00:38:08,680 Speaker 1: called sound Off, and I'll see you back here tomorrow. 685 00:38:08,719 --> 00:38:12,440 Speaker 1: I'm Joe Matt Washington. This is Bloomberg m H.