WEBVTT - Bloomberg's Murphy on Obama's Endorsement of Clinton (Audio)

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<v Speaker 1>Politics, We return, it is an historic day. Megan Murphy

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<v Speaker 1>is here, Washington Bureau Chief in our Bluebrig eleven thirty

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<v Speaker 1>studio in New York to talk about President Obama endorsing

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<v Speaker 1>Hillary Clinton, his conversation with Bernie Sanders, and Hillary saying

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<v Speaker 1>she might talk to a fellow woman politician about some

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<v Speaker 1>very important issues in the campaign. Megan, welcome, Thanks so

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<v Speaker 1>much for having me on. You know, everybody keeps we

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<v Speaker 1>asked this, Craig Gordon just now earlier today, Margaret to

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<v Speaker 1>love yesterday like it's historic, but people aren't. You know,

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<v Speaker 1>we don't feel as as historic as we might have

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<v Speaker 1>maybe ten years ago about a woman president. Yes, you know,

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<v Speaker 1>I think that it was such a moment the other night,

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<v Speaker 1>and I think it was a moment that even regardless

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<v Speaker 1>of your political persuasion, it would be hard not to

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<v Speaker 1>believe that as a country, this does have some historical

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<v Speaker 1>import And what I thought was so interesting about it,

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<v Speaker 1>even though we knew it was going to happen, was

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<v Speaker 1>you know, she wrote off this video before and the

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<v Speaker 1>video was about women and women struggles for equal rights,

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<v Speaker 1>when struggles for voting, women struggle, you know, sort of

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<v Speaker 1>on labor practices, and it's going back to Seneca Fall

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<v Speaker 1>is a sort of journey that women have gone through

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<v Speaker 1>in this country. And it was a very I thought,

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<v Speaker 1>bold move and one that you know, because there will

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<v Speaker 1>be a ton of people who say, well, I'm not

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<v Speaker 1>why should you just vote for someone because there are women,

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<v Speaker 1>But it was a stark reminder that, in such sharp

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<v Speaker 1>contrast from two thousand and eight, Hillary Clinton is running

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<v Speaker 1>first and almost first and foremost as a woman, and

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<v Speaker 1>she's ready to embrace that mental She's ready to go forward.

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<v Speaker 1>So yes, I think there will still be a lot

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<v Speaker 1>of dissection of this, what this means, you know, what

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<v Speaker 1>this means, why it's taken so long when so many

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<v Speaker 1>other countries have already had a female president, premier, prime minister, etcetera.

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<v Speaker 1>But I think there's no mistaking that she wants the

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<v Speaker 1>hand of history on her shoulder. August eighteen is a

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<v Speaker 1>special day because August eighteen marks the ratification of the

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<v Speaker 1>nineteenth Amendment to the Constitution was ratified in nine twenty

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<v Speaker 1>and it grants women the right to vote in the

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<v Speaker 1>United States. As we get ready for that as well

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<v Speaker 1>as for the real action in the political battlefield, wondering

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<v Speaker 1>what role do you think Bernie Sanders plays? How does

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<v Speaker 1>this play out for Senator Sanders? I think everyone was

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<v Speaker 1>a little bit sharp intake of breath today that Bernie

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<v Speaker 1>I would call it double down and triple down. You know,

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<v Speaker 1>this is a man who is not going quietly into

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<v Speaker 1>the night. And what is always so interesting about Bernie

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<v Speaker 1>as well as his wife Jane, who has played such

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<v Speaker 1>a large component of his campaign as many ways sort

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<v Speaker 1>of the backbone of this operation. Um, I think that,

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<v Speaker 1>and as a very close advisor of his, I think

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<v Speaker 1>she will to be pushing him to think, Okay, when

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<v Speaker 1>does it become this movement and we push it forward?

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<v Speaker 1>And we already have. Bernie Sanders impact on America will

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<v Speaker 1>be written in time later, but but he has had

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<v Speaker 1>a profound, profound impact on the party in terms of

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<v Speaker 1>its acceptance of the progressive wing, in terms of its

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<v Speaker 1>grappling with what kind of agenda he wants wants to

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<v Speaker 1>put forward. What do we really want to be telling

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<v Speaker 1>people about healthcare in this country, about its aging population,

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<v Speaker 1>about how we're going to take care of our old people,

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<v Speaker 1>how are we going to afford college education, income inequality,

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<v Speaker 1>these things that are so often in America sort of

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<v Speaker 1>dismissed with a pat political uh, sort of intransigence, and

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<v Speaker 1>nothing's ever really going to really happen. When I say

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<v Speaker 1>to people with Bernie Sanders, so much of what he's

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<v Speaker 1>fought for is actually quite common in Western Europe. You know,

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<v Speaker 1>what he's succeeded in doing is changing and reshaping the

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<v Speaker 1>narrative of what is possible in sort of a broader

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<v Speaker 1>social system in America. And I think that mark on

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<v Speaker 1>this election will be indelible, and Hillary Clinton will be

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<v Speaker 1>will be a tremendous misstep by her to not acknowledge

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<v Speaker 1>it and not try to build on it. When we

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<v Speaker 1>report here in Bloomberger that Hillary is going saying she's

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<v Speaker 1>going to consult with Senator Elizabeth Warren, who has been

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<v Speaker 1>a major bank critic on Wall Street, are we supposed

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<v Speaker 1>to think, Oh, she's jumping more on that bandwagon. She's

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<v Speaker 1>to be been defensive to a certain extent about her

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<v Speaker 1>support of Wall Street. Right. Uh, but is it playing

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<v Speaker 1>to the Bernie Sanders supporters? Is is that how I

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<v Speaker 1>should really look at this? Is politics? Again? Look, Hillary

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<v Speaker 1>has an open wound on this and the sense of

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<v Speaker 1>the amount of contributions she accepted from Wall Street is astronomical.

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<v Speaker 1>You know, these speeches were given, these fees were accepted

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<v Speaker 1>as high as seved in some cases they were numerous ubs,

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<v Speaker 1>golden sacks. So but what she and what she has

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<v Speaker 1>done and done quite successfully, is walked this line between

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<v Speaker 1>I don't believe in breaking up the banks, I don't

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<v Speaker 1>believe bankers are truly evil, and I'm going to crack

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<v Speaker 1>down on Wall Street in the sense of I'm going

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<v Speaker 1>to crack down on risk. I believe risks migrated to

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<v Speaker 1>the shadow banking sector, to the sectors you don't see.

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<v Speaker 1>Maybe it's pure to pure lending, maybe it's hedge funds,

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<v Speaker 1>maybe it's you know, areas that have now controlling parts

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<v Speaker 1>of our financial transaction world that we don't see as easily.

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<v Speaker 1>That's going to be an increasingly difficult road to walk,

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<v Speaker 1>I think because so much of Bernie Sanders support was this.

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<v Speaker 1>You know, it's anathema, you know Wall Street, big bank

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<v Speaker 1>should and Elizabeth Warren is the most vocal of this.

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<v Speaker 1>You know, banks essentially need to be reined in, broken

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<v Speaker 1>up and controlled. Now there's a lot of talk always

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<v Speaker 1>about a two woman race this year that Elizabeth Warren

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<v Speaker 1>will you know, will be considered. I still think that

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<v Speaker 1>a lot of a lot of people think this would

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<v Speaker 1>be very difficult. They're not personally close, but she did

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<v Speaker 1>say that they've been talking. Uh that would do. Picking

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<v Speaker 1>lets with Warner's VP or giving Lizbeth Warren some high

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<v Speaker 1>profile role in this campaign would help her with Bernie.

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<v Speaker 1>Thank you very much for coming in and spending time

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<v Speaker 1>with us. Always a pleasure. Makan Murphy, Bloomberg's Washington Bureau chief.

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<v Speaker 1>Of course, we'll be looking forward to the sixteen Democratic

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<v Speaker 1>National Convention July through he held at the Wells Fargo

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<v Speaker 1>Center in Philadelphia. You're listening to taking Stock on or radio.