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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.

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Speaker 2: Carol Masterlow with Romain Bostik here at Milkin in Beverly Hills.

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Speaker 2: Right now, we've got David Rubinstein, Carlisle Group co chairman,

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Speaker 2: co founder and host, of course of The David Rubinstein

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Speaker 2: Show here to beer conversations, appearing on Bloomberg. He's also

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Speaker 2: a principal owner of Major League Baseball's Baltimore Orioles. We

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Speaker 2: always like to point that out.

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Speaker 1: It is so loud here. You know, we've been doing

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Speaker 1: this all day. You come up here right and you're

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Speaker 1: the only person we want to talk to. Kail is

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Speaker 1: about that, you know, in all serious and so David,

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Speaker 1: we want to know what you think about some of

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Speaker 1: the comments that we heard from Scott Bessett earlier today

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Speaker 1: and his message to investors. Did that message resonate with you?

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Speaker 3: I think he did a very good job. Yeah. Obviously

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Speaker 3: the business people have.

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Speaker 4: Been concerned about tariffs and not knowing where it's going

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Speaker 4: to go. He came out and basically more or less

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Speaker 4: repeated what he had said in the Wall Street Journal

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Speaker 4: article today, which is their three elements of the economic program.

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Speaker 3: One is tariffs, the other's tax cuts.

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Speaker 4: The other's deregulation, and I think he did a really

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Speaker 4: good job of explaining why all three meshed together. Now

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Speaker 4: they have to get these things done. But if they

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Speaker 4: can get the tax cut through, they can get the

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Speaker 4: deregulation they want through. I think the business community be

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Speaker 4: reasonably happy. The tariffs is still a bit of a

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Speaker 4: problem for the business comunitees. Theyn't fully understand what the

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Speaker 4: endgame is, but I think Scott Best did a pretty

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Speaker 4: good job.

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Speaker 1: Obviously, Carlisle has a huge presence in Washington. You know

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Speaker 1: how that city works. The business friendly administration that was

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Speaker 1: promised during the campaign. Is that still intact or is

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Speaker 1: that still going to show up.

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Speaker 4: I think the business community by and large is willing

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Speaker 4: to give the Trump administration the benefit of the doubt.

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Speaker 4: Because the business community could extent that business people tend

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Speaker 4: to be CEOs and not say investors and Republican Perhaps

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Speaker 4: they want to have this administration succeed.

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Speaker 3: They're a little bit confused.

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Speaker 4: About the tariffs, but I think they're willing to give

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Speaker 4: the benefit of doubt to the administration. Now, the tax

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Speaker 4: cut bill is what people are focused on, and I

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Speaker 4: will interview on a Bloomberg show soon. The chairman of

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Speaker 4: the of the House Ways and Means Committee, Jason Smith,

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Speaker 4: and they are starting them, getting ready to have hearings

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Speaker 4: and mark up that bill. And whether that bill goes

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Speaker 4: in the direction the Business Committee wants, we don't know,

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Speaker 4: but I think the tax cuts or what the administration

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Speaker 4: thinks is going to happen.

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Speaker 3: The question is can you really afford it?

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Speaker 2: Well, that's what I want to ask you, David. Can

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Speaker 2: we afford with the deficit?

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Speaker 3: You can afford it.

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Speaker 4: If you depends on how you mate massage the numbers.

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Speaker 4: There's a four trillion dollar number that they haven't figured

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Speaker 4: out how to deal with yet, which is to say

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Speaker 4: they want to make certain tax cuts permanent but not

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Speaker 4: count the four trillion dollars as part of the deficit.

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Speaker 4: That's an unusual thing to do. Maybe they can get

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Speaker 4: away with it.

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Speaker 3: I don't know.

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Speaker 1: Are the people you're talking to though, whether it's on

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Speaker 1: your shows on Bloomberg, whether it's privately with regards to

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Speaker 1: your business, are they still optimistic?

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Speaker 4: Business people by and large, tend to be optimistic by nature.

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Speaker 4: They don't think things are going to be better than

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Speaker 4: things are not going to be good.

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Speaker 3: So I think.

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Speaker 4: People are hoping that the administration could get the tax

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Speaker 4: cut bill through the deregulation through. They hope that somebody

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Speaker 4: can come along and get some of these tariffs agreements

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Speaker 4: agreed to. I think Scott Descent is a really smart guy.

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Speaker 4: I think he's done a pretty good job so far

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Speaker 4: representing the administration. I think he's their best voice on

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Speaker 4: the economy by far.

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Speaker 1: Has anyone approached you about being involved in this administration,

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Speaker 1: whether an informal or informal.

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Speaker 3: I think that's not likely.

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Speaker 4: This administration fired me from being chairman of the Chemnty Centers.

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Speaker 4: I think probably I'm not diverse choice, but no, I

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Speaker 4: think my days of being the government are probably behind us.

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Speaker 1: All right, David, really appreciate you top thanks a lot here, Dave, Okay,

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Speaker 1: you're a good sport.

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Speaker 3: Thank you, Thank you so much.

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Speaker 1: Carlisle Group co founder and co chairman. Also, of course,

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Speaker 1: the hosts of the show period A Peer Conversations right

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Speaker 1: here on boomber