1 00:00:01,760 --> 00:00:07,120 Speaker 1: Now from our nation's capital. This is Bloomberg's Sound on 2 00:00:07,240 --> 00:00:11,040 Speaker 1: the strongest job growth in history, the lowest unemployment rate 3 00:00:11,080 --> 00:00:13,720 Speaker 1: in fifty four years. But simply I would argue that 4 00:00:13,800 --> 00:00:17,080 Speaker 1: biden economic plan is working. You may talk tonight about 5 00:00:17,120 --> 00:00:19,320 Speaker 1: the debt ceiling. The debt limit is one of the 6 00:00:19,400 --> 00:00:24,360 Speaker 1: most important opportunities Colress has to change. Called Bloomberg Sound 7 00:00:24,440 --> 00:00:28,720 Speaker 1: on politics, policy and perspective from DC's top name. You 8 00:00:28,760 --> 00:00:31,639 Speaker 1: will hear an openness and in fact, an eagerness to 9 00:00:31,720 --> 00:00:34,919 Speaker 1: have a real serious conversation about the fiscal and economic 10 00:00:34,960 --> 00:00:38,760 Speaker 1: priorities of the country. Mr Speaker, a President of the 11 00:00:38,880 --> 00:00:47,120 Speaker 1: United States. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. 12 00:00:47,880 --> 00:00:50,839 Speaker 1: It's almost showtime. Welcome to the fastest hour in politics, 13 00:00:50,880 --> 00:00:53,280 Speaker 1: says we count down to the super Bowl of politics 14 00:00:53,360 --> 00:00:56,880 Speaker 1: and President Biden's first official State of the Union address. 15 00:00:57,360 --> 00:01:00,240 Speaker 1: You'll hear it live here later tonight. We're joined on 16 00:01:00,280 --> 00:01:04,160 Speaker 1: the Democratic message by Congresswoman Maxine Waters of California, and 17 00:01:04,200 --> 00:01:07,760 Speaker 1: on crafting the speech itself by Cody keenan former speechwriter 18 00:01:08,040 --> 00:01:11,920 Speaker 1: for President Obama now at Fenway Strategies as they put 19 00:01:12,000 --> 00:01:15,039 Speaker 1: final touches on the big address. Our signature panel is 20 00:01:15,080 --> 00:01:17,920 Speaker 1: in place on an historic day in Washington. Bloomberg Politics 21 00:01:18,000 --> 00:01:21,120 Speaker 1: contributors Rick Davis and Jeanie Schanzano are with us for 22 00:01:21,160 --> 00:01:24,240 Speaker 1: the hour. This is the moments President Biden has been 23 00:01:24,280 --> 00:01:32,640 Speaker 1: waiting for it. Mr Spicker a President of the United States. Yes, 24 00:01:32,840 --> 00:01:36,560 Speaker 1: With a Mr. Speaker Kevin McCarthy waiting in the rostroom, 25 00:01:36,720 --> 00:01:38,720 Speaker 1: President Biden will make his way down the aisle to 26 00:01:38,800 --> 00:01:41,360 Speaker 1: his first formal State of the Union address. Of course, 27 00:01:41,400 --> 00:01:44,319 Speaker 1: the White House has been laying out the groundwork, if 28 00:01:44,360 --> 00:01:47,320 Speaker 1: not the carpet on this. Press Secretary Karine John Pierre's 29 00:01:47,360 --> 00:01:51,280 Speaker 1: going to be probably you know, tweaks and and uh 30 00:01:51,320 --> 00:01:53,240 Speaker 1: to the speech until the last minute. That's kind of 31 00:01:53,280 --> 00:01:56,400 Speaker 1: how how it goes. But I'll say more more generally 32 00:01:56,480 --> 00:01:58,960 Speaker 1: or actually speaking to your question about Camp David, the 33 00:01:58,960 --> 00:02:02,840 Speaker 1: President was companied by several of his senior aides. Work 34 00:02:02,880 --> 00:02:05,600 Speaker 1: has has gone into the speech over the course of many, 35 00:02:05,600 --> 00:02:07,840 Speaker 1: many weeks, as we know, because we began to something 36 00:02:07,880 --> 00:02:10,520 Speaker 1: that the President truly sees as a moment to speak 37 00:02:10,520 --> 00:02:13,520 Speaker 1: to the American people, to the American people, to Republicans, 38 00:02:13,520 --> 00:02:15,800 Speaker 1: to a lot of different audiences. Of course, we focused 39 00:02:15,800 --> 00:02:19,040 Speaker 1: a lot on the President's message to the GOP. I'm 40 00:02:19,040 --> 00:02:20,679 Speaker 1: curious about some of the others who will be in 41 00:02:20,680 --> 00:02:22,359 Speaker 1: the room. We're joined by one of them right now, 42 00:02:22,400 --> 00:02:26,880 Speaker 1: Congresswoman Maxine Waters, Democrat from California, with us now on 43 00:02:26,960 --> 00:02:30,960 Speaker 1: sound on. Congresswoman, welcome back to Bloomberg. Thank you. Everyone 44 00:02:31,040 --> 00:02:34,400 Speaker 1: seems to be talking about President Biden's message to Republicans tonight, 45 00:02:34,440 --> 00:02:36,960 Speaker 1: but I'd like to know what his message will be 46 00:02:37,120 --> 00:02:39,760 Speaker 1: or should be to the Progressive Caucus in the House, 47 00:02:39,800 --> 00:02:43,000 Speaker 1: of course, of which you remember the members of the 48 00:02:43,040 --> 00:02:46,560 Speaker 1: Progressive Caucus who helped them pass infrastructure and the Inflation 49 00:02:46,600 --> 00:02:49,040 Speaker 1: Reduction Acts. Congresswomen, they did not get so many of 50 00:02:49,080 --> 00:02:51,400 Speaker 1: the policy as they asked for, like paid family leave 51 00:02:51,960 --> 00:02:54,320 Speaker 1: or a billionaires tax. What does Joe Biden need to 52 00:02:54,320 --> 00:03:00,920 Speaker 1: tell them tonight. Well, let's just say that the understand it, 53 00:03:01,800 --> 00:03:06,320 Speaker 1: his speech is designed to talk to everyone, uh, and 54 00:03:06,440 --> 00:03:09,560 Speaker 1: so I think it is not so much that he 55 00:03:09,600 --> 00:03:14,720 Speaker 1: needs to talk directly to the squad, to you know, 56 00:03:14,880 --> 00:03:19,760 Speaker 1: those who you have identified that needs to be told 57 00:03:20,040 --> 00:03:23,480 Speaker 1: whether or not he's going to be supportive of their direction. 58 00:03:23,880 --> 00:03:27,240 Speaker 1: I think if you talk to any of the Progressive Caucus, 59 00:03:27,680 --> 00:03:32,320 Speaker 1: you will find that They're appreciative for the interaction they 60 00:03:32,360 --> 00:03:35,880 Speaker 1: have been able to have with the President, the meetings, 61 00:03:35,960 --> 00:03:39,600 Speaker 1: the conversations, and where they've been able to come together, 62 00:03:39,880 --> 00:03:43,240 Speaker 1: and they will continue to operate in that mode. I 63 00:03:43,280 --> 00:03:46,360 Speaker 1: wonder your thoughts on the debt ceiling and how the 64 00:03:46,400 --> 00:03:49,320 Speaker 1: President should handle that issue. As ranking member of the 65 00:03:49,320 --> 00:03:52,080 Speaker 1: House Financial Services Committee, today you called on the chair 66 00:03:52,840 --> 00:03:56,640 Speaker 1: chair McHenry to convene a hearing on the unprecedented threat 67 00:03:56,640 --> 00:03:58,800 Speaker 1: of a debt ceiling default, and you said this to 68 00:03:58,840 --> 00:04:02,960 Speaker 1: the committee earlier today. If House Republicans continue their brinkmanship 69 00:04:03,400 --> 00:04:07,080 Speaker 1: over debt selling, it will result in even more severe 70 00:04:07,120 --> 00:04:13,800 Speaker 1: interest rates hikes, a plunging stock market, major job losses, 71 00:04:14,080 --> 00:04:17,919 Speaker 1: and a recession of epic proportions. Such a global financial 72 00:04:17,960 --> 00:04:22,400 Speaker 1: crisis would hand the Chinese Communist Party a massive win 73 00:04:22,880 --> 00:04:27,000 Speaker 1: by boasting the Chinese government standing in the world. Congresswoman 74 00:04:27,000 --> 00:04:29,760 Speaker 1: Speaker McCarthy says, defaulting is not an option. Do you 75 00:04:29,800 --> 00:04:33,240 Speaker 1: believe that we will avoid one? We have to. I 76 00:04:33,279 --> 00:04:37,080 Speaker 1: have to believe that we will, despite the way that 77 00:04:37,600 --> 00:04:40,760 Speaker 1: Mr McCarthy is threatening that he has to have certain 78 00:04:40,800 --> 00:04:46,839 Speaker 1: cuts before they can support lifting the sailing um. We 79 00:04:46,920 --> 00:04:50,960 Speaker 1: won't be held hostage. We will negotiate and you know, 80 00:04:51,080 --> 00:04:56,320 Speaker 1: good faith and so if in fact, those who are 81 00:04:56,440 --> 00:04:59,719 Speaker 1: wanting deeper cuts of more cuts, if they have the 82 00:04:59,760 --> 00:05:04,080 Speaker 1: best centrists at this country in hand, they will know 83 00:05:05,000 --> 00:05:09,320 Speaker 1: that we cannot default on our debt, we cannot close 84 00:05:09,400 --> 00:05:14,200 Speaker 1: down the government, we cannot allow social security and major 85 00:05:14,279 --> 00:05:17,440 Speaker 1: programs to be cut, etcetera, etcetera. Then they'll do the 86 00:05:17,560 --> 00:05:20,320 Speaker 1: right thing and they'll raise the debt limits as it 87 00:05:20,360 --> 00:05:23,640 Speaker 1: has been done in the past, so that we will 88 00:05:23,680 --> 00:05:27,680 Speaker 1: be keeping the faith with our creditors where we have 89 00:05:27,760 --> 00:05:31,880 Speaker 1: borrowed money. So we have to and they have to 90 00:05:31,920 --> 00:05:34,719 Speaker 1: come to grips at this and raise that dead silly 91 00:05:35,120 --> 00:05:38,200 Speaker 1: you mentioned China, that was the topic of your hearing today. 92 00:05:38,200 --> 00:05:41,080 Speaker 1: Do you support a bill before the committee that would 93 00:05:41,080 --> 00:05:44,480 Speaker 1: cut off Chinese officials from our banking system here in 94 00:05:44,520 --> 00:05:48,640 Speaker 1: the US if they threatened Taiwan. Will that move forward? Well, 95 00:05:48,680 --> 00:05:51,960 Speaker 1: here's what I think. I think that both Democrats and 96 00:05:52,120 --> 00:05:55,279 Speaker 1: Republicans are gonna have to come to grips with the 97 00:05:55,360 --> 00:05:58,600 Speaker 1: many ways that different ones of US would like to 98 00:05:58,640 --> 00:06:01,520 Speaker 1: deal with China. We've at to focus, We've got to 99 00:06:01,560 --> 00:06:04,960 Speaker 1: set priority, and we have been I have to move 100 00:06:05,440 --> 00:06:08,640 Speaker 1: unified and how we're dealing with China. There are a 101 00:06:08,680 --> 00:06:11,320 Speaker 1: lot of different ideas, a lot of different things that 102 00:06:11,360 --> 00:06:13,919 Speaker 1: people want, and I think what we should do is 103 00:06:13,960 --> 00:06:18,640 Speaker 1: pay attention to the unified effort of Democrats and Republicans 104 00:06:18,760 --> 00:06:21,200 Speaker 1: to deal with China. Would you make a trip to Taiwan? 105 00:06:21,279 --> 00:06:25,960 Speaker 1: Would you make a delegation journey to Taiwan? Uh, you know, 106 00:06:26,080 --> 00:06:28,960 Speaker 1: I'm not the chair of the committee, but I certainly 107 00:06:28,960 --> 00:06:31,039 Speaker 1: don't have any problems with that. Yeah. I would just 108 00:06:31,040 --> 00:06:33,720 Speaker 1: wonder if as Kevin McCarthy had promised to lead a 109 00:06:33,760 --> 00:06:38,919 Speaker 1: bipartisan delegation congresswoman, maybe he'll invite you. Maybe, So we'll see. 110 00:06:39,360 --> 00:06:42,839 Speaker 1: With that said, arising China, you point out with regard 111 00:06:42,960 --> 00:06:46,720 Speaker 1: to our debt ceiling conversation, is that simply because they 112 00:06:46,760 --> 00:06:50,719 Speaker 1: are the other great economic power globally? Was at your point? Well, 113 00:06:50,760 --> 00:06:55,479 Speaker 1: you know, the point is, you know, sometimes we forget 114 00:06:55,560 --> 00:06:58,720 Speaker 1: what the real threat is to our country and our democracy, 115 00:06:59,400 --> 00:07:05,000 Speaker 1: and uh, we don't understand that if we don't raise 116 00:07:05,040 --> 00:07:07,719 Speaker 1: the dead sailing, that may be one of the greatest 117 00:07:07,760 --> 00:07:10,800 Speaker 1: threats to our country that we will have to deal with. 118 00:07:11,320 --> 00:07:14,440 Speaker 1: And so I don't want people to lose sight on 119 00:07:14,560 --> 00:07:18,840 Speaker 1: how important it is to raise this dead sailing UH, 120 00:07:19,000 --> 00:07:22,600 Speaker 1: to keep our government going UH, to make sure that 121 00:07:22,640 --> 00:07:26,480 Speaker 1: we don't default and that we UH do what has 122 00:07:26,520 --> 00:07:29,679 Speaker 1: to be done to run our country. And so while 123 00:07:29,720 --> 00:07:33,600 Speaker 1: we talk about China and we talk about other threats, 124 00:07:33,640 --> 00:07:36,760 Speaker 1: even the domestic threats, right now, I want every matter 125 00:07:36,840 --> 00:07:40,640 Speaker 1: to focus on raising the dead limit. That's a threat. 126 00:07:41,000 --> 00:07:43,240 Speaker 1: There's a threat to cut defense spending from some of 127 00:07:43,560 --> 00:07:47,280 Speaker 1: Kevin McCarthy's caucus in response to all of this. They 128 00:07:47,280 --> 00:07:49,720 Speaker 1: say there should be defense cuts and domestic cuts. Are 129 00:07:49,760 --> 00:07:53,040 Speaker 1: they right on that when we consider a potential conflict 130 00:07:53,040 --> 00:07:57,480 Speaker 1: with China, Well, you know, first of all, instead of 131 00:07:58,040 --> 00:08:01,720 Speaker 1: dealing with a broad dish deduction about we gotta have cuts, 132 00:08:01,720 --> 00:08:03,720 Speaker 1: we gotta have the mess, we've gotta have it. I 133 00:08:03,760 --> 00:08:06,200 Speaker 1: want to know what they're really talking about. I want 134 00:08:06,200 --> 00:08:11,680 Speaker 1: to know how they're going to identify what cuts in 135 00:08:11,720 --> 00:08:15,240 Speaker 1: particular they're going after. We don't have that information yet. 136 00:08:15,600 --> 00:08:19,360 Speaker 1: So show us your plan. Jow us your plan. Absolutely. 137 00:08:19,680 --> 00:08:22,760 Speaker 1: Congresswoman Waters, it's not lost on us that Tyree Nichols 138 00:08:22,840 --> 00:08:24,920 Speaker 1: parents will be in the room tonight. On the issue 139 00:08:24,920 --> 00:08:27,600 Speaker 1: of police reform, you recently called out Senators Joe Manson 140 00:08:27,640 --> 00:08:30,200 Speaker 1: and Kirsten Cinema for what you said was not giving 141 00:08:30,240 --> 00:08:32,080 Speaker 1: a damn about the issue. Do you do you want 142 00:08:32,120 --> 00:08:33,839 Speaker 1: to see and I know you're getting to the filibuster 143 00:08:33,880 --> 00:08:35,480 Speaker 1: issue on that, do you want to see the Senate 144 00:08:35,960 --> 00:08:41,040 Speaker 1: suspend the filibuster to pass the George Floyd Act? Listen, 145 00:08:41,120 --> 00:08:44,760 Speaker 1: I want them to suspend filibus to not only for 146 00:08:44,880 --> 00:08:48,559 Speaker 1: George Flood, but for a lot of other reasons. I 147 00:08:48,600 --> 00:08:52,200 Speaker 1: think it is antiquated, it is past two, but the 148 00:08:52,280 --> 00:08:55,760 Speaker 1: way that you govern and I think a majority should govern. 149 00:08:56,200 --> 00:08:59,720 Speaker 1: And so yes, that includes the Jodge Flood type Act 150 00:09:00,240 --> 00:09:03,160 Speaker 1: that we're going to move forward with UH and other 151 00:09:03,280 --> 00:09:06,160 Speaker 1: things that we need to have a majority vote rather 152 00:09:06,200 --> 00:09:10,280 Speaker 1: than sixty members having to decide whether or not we're 153 00:09:10,280 --> 00:09:12,920 Speaker 1: going to move forward. Well, I wonder could you pass 154 00:09:12,960 --> 00:09:15,160 Speaker 1: the George Floyd Act in this House with a Republican 155 00:09:15,200 --> 00:09:17,160 Speaker 1: majority I'll be a slim one. Or would you be 156 00:09:17,200 --> 00:09:21,520 Speaker 1: willing to take an incremental approach with, for instance, de 157 00:09:21,640 --> 00:09:25,680 Speaker 1: escalation training or banning chokeholds. Converse Woman Gwen Moore suggested 158 00:09:25,720 --> 00:09:28,200 Speaker 1: as much on the program recently that qualified immunity is 159 00:09:28,200 --> 00:09:31,679 Speaker 1: what's holding up this comprehensive act. Well, I don't know, 160 00:09:31,720 --> 00:09:33,800 Speaker 1: and I think that's what the Black Caucus is going 161 00:09:33,840 --> 00:09:38,480 Speaker 1: to have to come together and decide exactly, um, you know, 162 00:09:38,559 --> 00:09:42,240 Speaker 1: how we're going to be in negotiations for getting support. 163 00:09:42,600 --> 00:09:44,560 Speaker 1: You know, there are things that I've been working on 164 00:09:44,679 --> 00:09:50,120 Speaker 1: for many, many years. The chokehold I started in Los Angeles, California. 165 00:09:50,720 --> 00:09:55,240 Speaker 1: Chief was Darrel Gates who popularized chokehold. And so we've 166 00:09:55,280 --> 00:09:58,000 Speaker 1: been working on some of these issues far too long 167 00:09:58,440 --> 00:10:03,120 Speaker 1: and not being able to conquer as some of the abuses. 168 00:10:03,600 --> 00:10:07,880 Speaker 1: Now we're going to go into another bill. Uh, it 169 00:10:07,920 --> 00:10:12,280 Speaker 1: may not be called the George Floyd Reform Bill. We 170 00:10:12,320 --> 00:10:14,560 Speaker 1: don't know what the name will be. We're going to 171 00:10:14,600 --> 00:10:19,160 Speaker 1: have negotiations, but they have to be negotiations that are meaningful, 172 00:10:19,840 --> 00:10:23,440 Speaker 1: that will help bring about real reform. And have to 173 00:10:23,520 --> 00:10:27,000 Speaker 1: make sure that there are policies in all of these 174 00:10:27,040 --> 00:10:32,000 Speaker 1: police operations that must be followed that affair and just 175 00:10:32,440 --> 00:10:36,080 Speaker 1: not shooting people in the back, not killing unarmed folks, 176 00:10:36,320 --> 00:10:40,040 Speaker 1: not targeting certain members of our society. All of that 177 00:10:40,080 --> 00:10:43,120 Speaker 1: has to be taken into considerations. Well, so, Congressman, do 178 00:10:43,120 --> 00:10:45,199 Speaker 1: you feel like your time has finally arrived on this 179 00:10:45,240 --> 00:10:47,959 Speaker 1: issue or are you just frustrated that it hasn't happened yet. 180 00:10:48,000 --> 00:10:50,600 Speaker 1: I want to tell you every day that I wake up, 181 00:10:50,679 --> 00:10:53,679 Speaker 1: I think that the time has arrived for change. I 182 00:10:53,720 --> 00:10:57,800 Speaker 1: cannot give up on change, and I am an optimistic 183 00:10:57,880 --> 00:11:00,959 Speaker 1: human being. Despite the long time time that we've been 184 00:11:00,960 --> 00:11:04,320 Speaker 1: working on these issues, I keep looking for that we 185 00:11:04,400 --> 00:11:08,480 Speaker 1: hit that time when we're absolutely going to have legislation 186 00:11:08,720 --> 00:11:12,359 Speaker 1: that's going to deal with this issue that is plaguing 187 00:11:12,679 --> 00:11:16,000 Speaker 1: our communities in our country. Well, I appreciate your answering that. 188 00:11:16,080 --> 00:11:19,440 Speaker 1: Are you bringing a guest tonight? Yes? Can you talk 189 00:11:19,440 --> 00:11:24,760 Speaker 1: about it? Oh, it's a surprise guest. Oh boy, all right, 190 00:11:24,960 --> 00:11:28,079 Speaker 1: now we're in. Now I've got to pay attention Congresswoman 191 00:11:28,120 --> 00:11:30,400 Speaker 1: Maxine Waters. Thank you for the time today, and have 192 00:11:30,520 --> 00:11:33,120 Speaker 1: a great State of the Union night in Washington. Oh, 193 00:11:33,120 --> 00:11:35,480 Speaker 1: thank you so much. So who's the guest? And now 194 00:11:35,520 --> 00:11:36,880 Speaker 1: I want to know who the guest is going to be? 195 00:11:36,880 --> 00:11:39,480 Speaker 1: We assembled our panel, a rare treat to have everyone 196 00:11:39,520 --> 00:11:42,280 Speaker 1: with us in studio in Washington, D c Rick Davis 197 00:11:42,320 --> 00:11:45,959 Speaker 1: and gen D. Schanzano of course our Bloomberg Politics contributors. 198 00:11:46,080 --> 00:11:48,000 Speaker 1: Happy State of the Union night? Everybody? What do you 199 00:11:48,040 --> 00:11:50,160 Speaker 1: think about that? Genie? We already know Bono's going it's 200 00:11:50,160 --> 00:11:53,560 Speaker 1: not Bono and she she represents part of Los Angeles. 201 00:11:53,559 --> 00:11:55,800 Speaker 1: This could be this could be big Hollywood, this could 202 00:11:55,840 --> 00:11:59,079 Speaker 1: be a major superstar. Joe Matthew, I am so excited. 203 00:11:59,240 --> 00:12:02,559 Speaker 1: I know Christine Barada maybe said maybe it's Lizzo. Wouldn't 204 00:12:02,600 --> 00:12:05,160 Speaker 1: that be exciting? And you're going to be on the 205 00:12:05,240 --> 00:12:07,560 Speaker 1: hill with her? Yeah, imagine that. I'll be right in 206 00:12:07,640 --> 00:12:10,199 Speaker 1: stat Hall when they all come out of here. Uh Rick, 207 00:12:10,240 --> 00:12:13,560 Speaker 1: I don't know how what to make exactly of the conversation. Uh. 208 00:12:14,000 --> 00:12:15,640 Speaker 1: I feel like we're we're getting to the point now 209 00:12:15,640 --> 00:12:18,520 Speaker 1: where we're going to spend the next two years with 210 00:12:19,760 --> 00:12:24,880 Speaker 1: messaging in stereo from each side of Pennsylvania Avenue. Democrats 211 00:12:24,880 --> 00:12:29,280 Speaker 1: pursue their agenda, Republicans pursue There's nobody has much conviction 212 00:12:29,280 --> 00:12:31,360 Speaker 1: that it's going to go anywhere in this divided Congress. 213 00:12:31,440 --> 00:12:34,920 Speaker 1: Oh we love divided government. Yeah. Sure. I mean the 214 00:12:35,000 --> 00:12:37,960 Speaker 1: reality is, um, you're actually probably gonna get more done 215 00:12:37,960 --> 00:12:40,559 Speaker 1: than you think you are, because there are a number 216 00:12:40,559 --> 00:12:44,120 Speaker 1: of issues that that that unite both ends of Pennsylvania 217 00:12:44,160 --> 00:12:47,760 Speaker 1: Avenue and both chambers, and that is China, that's big tech. 218 00:12:48,080 --> 00:12:51,800 Speaker 1: I mean, those two things alone have an amazing impact. 219 00:12:51,840 --> 00:12:55,080 Speaker 1: And I would say also the Ukraine, Uh, that war 220 00:12:55,160 --> 00:12:58,040 Speaker 1: is gonna keep going and there's gonna be Biparson support 221 00:12:58,120 --> 00:13:00,320 Speaker 1: for it. And and I think those are the kinds 222 00:13:00,320 --> 00:13:03,079 Speaker 1: of things you're gonna see lots of action around, lots 223 00:13:03,080 --> 00:13:07,439 Speaker 1: of aggressive activity, especially on the China front. Uh. And 224 00:13:07,440 --> 00:13:09,640 Speaker 1: and so it will look like, actually there's a lot 225 00:13:09,640 --> 00:13:11,760 Speaker 1: of a lot of things happening, it just won't be 226 00:13:12,200 --> 00:13:15,240 Speaker 1: on the typical things, which are taxes and the budget 227 00:13:15,440 --> 00:13:19,160 Speaker 1: and issues like that. We are all hopeful that they 228 00:13:19,160 --> 00:13:22,120 Speaker 1: can get their act together and before the death ceiling 229 00:13:22,200 --> 00:13:25,160 Speaker 1: runs out, that they can piece that that by Parson 230 00:13:25,559 --> 00:13:28,679 Speaker 1: action together too. Let's talk about that for a minute here, Genie. 231 00:13:28,720 --> 00:13:30,960 Speaker 1: The president is going to tackle this right and and 232 00:13:31,120 --> 00:13:34,760 Speaker 1: be forthright about the issue. By by name. They'll talk 233 00:13:34,800 --> 00:13:37,920 Speaker 1: about the need for a clean debt ceiling bill. Half 234 00:13:37,960 --> 00:13:40,760 Speaker 1: the room will stand up, that's right. And of course, 235 00:13:40,840 --> 00:13:43,320 Speaker 1: Kevin McCarthy was out last night, and I don't know, 236 00:13:43,360 --> 00:13:46,160 Speaker 1: you're too, probably no better than I don't remember a 237 00:13:46,640 --> 00:13:51,600 Speaker 1: what is this a prebuttle that Kevin McCarthy gave. I 238 00:13:51,640 --> 00:13:53,400 Speaker 1: have to say I thought it was a very smart 239 00:13:53,480 --> 00:13:56,760 Speaker 1: move politically. He is trying to be conciliatory reach across 240 00:13:56,840 --> 00:13:59,680 Speaker 1: the aisle. I think we'll hear something similar from Joe 241 00:13:59,720 --> 00:14:02,800 Speaker 1: by it in But to your point, Republicans won't be 242 00:14:02,840 --> 00:14:05,960 Speaker 1: moved by it. Democrats will clap. But the real question 243 00:14:06,080 --> 00:14:09,480 Speaker 1: is on things like social Security, Medicare? Are those on 244 00:14:09,520 --> 00:14:12,120 Speaker 1: the table? Aren't they? Kevin McCarthy is seeing some drop 245 00:14:12,160 --> 00:14:14,959 Speaker 1: off from on his side. You know, how can they 246 00:14:14,960 --> 00:14:17,080 Speaker 1: come together to get things done? And what is on 247 00:14:17,120 --> 00:14:19,000 Speaker 1: the table is the big question. I don't think we're 248 00:14:19,000 --> 00:14:21,360 Speaker 1: gonna learn those details today. I do think the President 249 00:14:21,400 --> 00:14:23,520 Speaker 1: will say we do we need to get the debt 250 00:14:23,520 --> 00:14:26,400 Speaker 1: ceiling raised, and we need to talk about issues like 251 00:14:26,400 --> 00:14:28,440 Speaker 1: the debt, and he's going to praise the Democrats for 252 00:14:29,360 --> 00:14:31,920 Speaker 1: at least taking a stab at cutting the deficit, which 253 00:14:31,920 --> 00:14:34,200 Speaker 1: he's going to claim Republicans haven't done. Listen to the 254 00:14:34,240 --> 00:14:36,840 Speaker 1: language that Kevin McCarthy used to be curious to hear 255 00:14:36,960 --> 00:14:38,840 Speaker 1: your thoughts on this. This is the so called pre 256 00:14:38,920 --> 00:14:41,760 Speaker 1: bottle last night on the debt ceiling. He's standing there 257 00:14:41,760 --> 00:14:43,840 Speaker 1: with more flags than I could count behind him. It 258 00:14:43,840 --> 00:14:46,000 Speaker 1: looked like he was almost delivering this himself, which of 259 00:14:46,040 --> 00:14:49,280 Speaker 1: course is the point. Cuts to medicare and Social Security, 260 00:14:49,560 --> 00:14:53,560 Speaker 1: they're off the table. Defaulting on our debt is not 261 00:14:53,600 --> 00:14:58,040 Speaker 1: an option, but neither is a future of higher taxes, 262 00:14:58,440 --> 00:15:02,200 Speaker 1: higher interest rates, and an economy that doesn't work for 263 00:15:02,280 --> 00:15:05,920 Speaker 1: working Americans. What does that tell you about his intentions? Rick? 264 00:15:06,480 --> 00:15:10,960 Speaker 1: Defaulting is not an option? But uh, he's kind of 265 00:15:10,960 --> 00:15:14,400 Speaker 1: saying what Joe Biden is saying here, right, We're not 266 00:15:14,440 --> 00:15:17,400 Speaker 1: going to default, and then they'll have a conversation around that. 267 00:15:18,400 --> 00:15:21,040 Speaker 1: I'd say the distinction is Joe Biden saying we're not 268 00:15:21,080 --> 00:15:24,000 Speaker 1: going to default as long as I get a clean bill, 269 00:15:24,320 --> 00:15:26,720 Speaker 1: and he's not going to get a clean bill. So 270 00:15:27,080 --> 00:15:28,480 Speaker 1: a lot of people look at that and say, so, 271 00:15:28,520 --> 00:15:30,600 Speaker 1: what are you saying without a clean bill, you're not 272 00:15:30,640 --> 00:15:33,240 Speaker 1: going to agree to it? Uh? So I think that 273 00:15:33,280 --> 00:15:37,040 Speaker 1: actually McCarthy's being very constructive and saying, we're going to 274 00:15:37,160 --> 00:15:40,000 Speaker 1: get something for this, and I'm telling you in advance, 275 00:15:40,160 --> 00:15:42,840 Speaker 1: and we're gonna sort of circle the wagons around what 276 00:15:42,880 --> 00:15:44,840 Speaker 1: we think that is in the next couple of months 277 00:15:45,080 --> 00:15:46,520 Speaker 1: and we can come to an earlier But no one 278 00:15:46,600 --> 00:15:49,120 Speaker 1: is saying don't raise the debt limit. That nobody is 279 00:15:49,160 --> 00:15:52,320 Speaker 1: opposing the increase in the debt limit. They just all 280 00:15:52,440 --> 00:15:56,040 Speaker 1: want some leverage from it, and that would not be unusual. 281 00:15:56,200 --> 00:15:59,760 Speaker 1: There are previous debt limits that have gone with strings attached, 282 00:15:59,840 --> 00:16:03,120 Speaker 1: and so, uh, this idea that the White House refuses 283 00:16:03,160 --> 00:16:05,440 Speaker 1: to bargain around, it refuses to look at it as 284 00:16:05,480 --> 00:16:08,560 Speaker 1: a as a as an option, is I think, you 285 00:16:08,600 --> 00:16:11,400 Speaker 1: know a little bit of a heading the sand kind 286 00:16:11,440 --> 00:16:13,960 Speaker 1: of approach. Now maybe that's just a tactic. But the 287 00:16:13,960 --> 00:16:16,760 Speaker 1: thing that's actually amazing to me is that the Speaker 288 00:16:16,800 --> 00:16:20,760 Speaker 1: McCarthy can hold these these meetings, uh, press briefings and 289 00:16:20,760 --> 00:16:22,560 Speaker 1: the things that he's doing in advance of this, and 290 00:16:22,680 --> 00:16:25,040 Speaker 1: nobody in his caucus is arguing with him. I mean, 291 00:16:25,080 --> 00:16:27,840 Speaker 1: we thought this was going to be the Armageddon caucus, 292 00:16:28,080 --> 00:16:30,800 Speaker 1: you know, we thought this was gonna be total pandemonium 293 00:16:30,840 --> 00:16:33,360 Speaker 1: every day, and it's actually been worse than the same 294 00:16:33,360 --> 00:16:36,200 Speaker 1: it's been in this deck. Give you hope, Gennie, And 295 00:16:36,240 --> 00:16:40,440 Speaker 1: hearing him say not an option, it does give me hope. 296 00:16:40,440 --> 00:16:42,720 Speaker 1: But I think there's a long way to go. Ask 297 00:16:42,840 --> 00:16:45,600 Speaker 1: Kevin Hearn if Social Security and Medicare are off the table. 298 00:16:45,600 --> 00:16:47,920 Speaker 1: There are others in the Republican Party who say, no, 299 00:16:48,080 --> 00:16:50,200 Speaker 1: that's not right, Kevin McCarthy, and they're starting to come 300 00:16:50,200 --> 00:16:51,880 Speaker 1: out of the woodwork. Well, we're gonna hear a lot 301 00:16:51,880 --> 00:16:53,720 Speaker 1: about it tonight, No doubt we're gonna hear more from 302 00:16:53,800 --> 00:16:56,160 Speaker 1: Rick and Genie as well. In the fastest hour in politics. 303 00:16:56,200 --> 00:17:01,640 Speaker 1: Stay with us. I'm Joe Matthew. This is Bloomberg. You're 304 00:17:01,720 --> 00:17:05,360 Speaker 1: listening to The Bloomberg Sound on podcast. Catch the program 305 00:17:05,440 --> 00:17:08,840 Speaker 1: live weekdays at five pm Easter on Bloomberg Radio, the 306 00:17:08,920 --> 00:17:11,560 Speaker 1: Tune in a Half, Bloomberg dot Com, and the Bloomberg 307 00:17:11,600 --> 00:17:14,880 Speaker 1: Business App. You can also listen live on Amazon Alexa 308 00:17:15,000 --> 00:17:18,520 Speaker 1: from our flagship New York station. Just say Alexa, play 309 00:17:18,600 --> 00:17:23,880 Speaker 1: Bloomberg eleven. It's showtime. Things are happening inside that White 310 00:17:23,920 --> 00:17:25,720 Speaker 1: House right now. The President will take off in just 311 00:17:25,800 --> 00:17:28,520 Speaker 1: about what three hours time, two and a half three 312 00:17:28,520 --> 00:17:30,760 Speaker 1: hours to get up to Capitol Hill. They'll be making 313 00:17:30,800 --> 00:17:33,080 Speaker 1: tweaks to the speech right up till the last moment, 314 00:17:33,680 --> 00:17:37,480 Speaker 1: checking the tie, making sure this is all buttoned up. 315 00:17:38,320 --> 00:17:40,960 Speaker 1: And it's a moment that Cody Keenan knows more about 316 00:17:40,960 --> 00:17:44,919 Speaker 1: than most people. Former chief speechwriter for President Barack Obama, 317 00:17:44,960 --> 00:17:49,160 Speaker 1: now partner at Fenway Strategies, visiting professor at Northwestern University 318 00:17:49,200 --> 00:17:51,840 Speaker 1: and author of the book grace. President Obama in ten 319 00:17:51,920 --> 00:17:55,240 Speaker 1: days in the Battle for America? Cody, do you get 320 00:17:55,280 --> 00:17:59,399 Speaker 1: nervous just thinking about it? You've done me impossible. You've 321 00:17:59,440 --> 00:18:01,480 Speaker 1: actually made me a little bit nostalgic for a State 322 00:18:01,520 --> 00:18:04,040 Speaker 1: of the Union address for Game day, I do. I 323 00:18:04,119 --> 00:18:06,639 Speaker 1: missed the energy of game day, that's for sure. It 324 00:18:06,760 --> 00:18:08,680 Speaker 1: is game day. What what's it like in that White 325 00:18:08,680 --> 00:18:10,560 Speaker 1: House right now? Where is the President? What is he doing? 326 00:18:12,000 --> 00:18:14,040 Speaker 1: If it was us, this is actually the time we'd 327 00:18:14,040 --> 00:18:16,479 Speaker 1: be doing our final rehearsal. President Obama would stand at 328 00:18:16,480 --> 00:18:18,520 Speaker 1: a podium in the map Room and the residence and 329 00:18:18,640 --> 00:18:22,600 Speaker 1: do the entire speech over a teleprompter and with entire speech, yeah, 330 00:18:22,600 --> 00:18:25,120 Speaker 1: and without all the you know, kabuki applause. It only 331 00:18:25,160 --> 00:18:27,000 Speaker 1: ran about a half hour, which would have been a 332 00:18:27,080 --> 00:18:31,199 Speaker 1: dream in real life. But hopefully nothing's happening now. And 333 00:18:31,240 --> 00:18:33,879 Speaker 1: by that, I mean the speech is locked, it's fact checked, 334 00:18:33,880 --> 00:18:37,000 Speaker 1: they've briefed everybody. The speech writer is, you know, breathing 335 00:18:37,000 --> 00:18:39,520 Speaker 1: a big sigh of relief, and they're all done. That 336 00:18:39,560 --> 00:18:43,040 Speaker 1: would be ideal. This is being delivered against a lot 337 00:18:43,080 --> 00:18:45,200 Speaker 1: of noise right now, just the political climate that we're in. 338 00:18:45,240 --> 00:18:50,000 Speaker 1: It's a very different world. Than when Barack Obama was president. Uh. 339 00:18:50,040 --> 00:18:52,719 Speaker 1: And it's a very different Congress than even Joe Biden 340 00:18:53,080 --> 00:18:56,719 Speaker 1: walked into when he was first elected. How does that 341 00:18:56,840 --> 00:18:58,600 Speaker 1: kind of when you close your eyes and think about 342 00:18:58,760 --> 00:19:02,120 Speaker 1: crafting that speech, how does that guide you know, when 343 00:19:02,160 --> 00:19:04,760 Speaker 1: you're talking to a Republican majority in the House now? 344 00:19:05,400 --> 00:19:09,040 Speaker 1: Uh And and coming off a year that was incredibly divisive, 345 00:19:09,240 --> 00:19:12,040 Speaker 1: even the anniversary of January six was divisive, and he's 346 00:19:12,080 --> 00:19:16,280 Speaker 1: got to try to inspire people in that zone. Yeah. 347 00:19:16,320 --> 00:19:18,160 Speaker 1: The first question we always asked ourselves when we sat 348 00:19:18,200 --> 00:19:19,600 Speaker 1: down to write one of these is what's the story 349 00:19:19,600 --> 00:19:22,000 Speaker 1: we're trying to tell? And we would blue sky and 350 00:19:22,040 --> 00:19:24,560 Speaker 1: we'd say, all right, we're flying a fifty feet there's 351 00:19:24,600 --> 00:19:26,760 Speaker 1: no political reality. We can do whatever we want. What 352 00:19:26,800 --> 00:19:29,320 Speaker 1: does that look like? About a week later, we'd come 353 00:19:29,320 --> 00:19:32,200 Speaker 1: back and examine the political realities. And you know, when 354 00:19:32,200 --> 00:19:35,480 Speaker 1: you've got a Republican House, Um, they're much much different. 355 00:19:36,080 --> 00:19:38,240 Speaker 1: So I think, you know, to give the speechwriters a 356 00:19:38,240 --> 00:19:40,720 Speaker 1: little bit of cover here. There's no clever turn of 357 00:19:40,760 --> 00:19:45,119 Speaker 1: phrase that's just gonna, you know, spark an outbreak of unity. Um. 358 00:19:45,200 --> 00:19:47,879 Speaker 1: I think what especially someone like Joe Biden is going 359 00:19:47,920 --> 00:19:49,840 Speaker 1: to do. I mean, this is someone whose persona is 360 00:19:49,920 --> 00:19:52,880 Speaker 1: kind of steeped in the old art of bipartisan compromise. 361 00:19:52,960 --> 00:19:54,960 Speaker 1: It's certainly gotten a lot of trouble with the left. 362 00:19:55,480 --> 00:19:57,600 Speaker 1: I think he'll do that outreach at the very minimum, 363 00:19:57,600 --> 00:20:00,320 Speaker 1: he'll try to get caught trying. Um, you know, extends 364 00:20:00,320 --> 00:20:03,080 Speaker 1: the oil of the branches, Grace notes, present some pieces 365 00:20:03,080 --> 00:20:06,080 Speaker 1: of legislation where they can work together, and he'll ask 366 00:20:06,080 --> 00:20:08,800 Speaker 1: for good faith cooperation. Uh. And then I think if 367 00:20:08,840 --> 00:20:10,520 Speaker 1: you know, over the course of the year of Republicans refuse, 368 00:20:10,560 --> 00:20:12,000 Speaker 1: he can take that case to the American people in 369 00:20:14,840 --> 00:20:18,080 Speaker 1: when you consider themes in the speech, like you say, 370 00:20:18,119 --> 00:20:20,440 Speaker 1: you sit down and consider the story that you want 371 00:20:20,480 --> 00:20:23,120 Speaker 1: to tell. Who's the audience or do you actually try 372 00:20:23,119 --> 00:20:26,360 Speaker 1: to write for the Democrats and Republicans in the room 373 00:20:26,560 --> 00:20:28,480 Speaker 1: and the people at home all at once. Is that 374 00:20:28,520 --> 00:20:31,720 Speaker 1: possible we would try to go right over the heads 375 00:20:31,720 --> 00:20:33,200 Speaker 1: of the people in the room and speak to the 376 00:20:33,200 --> 00:20:36,040 Speaker 1: American people. I mean, it's it's an extraordinary opportunity. You've 377 00:20:36,080 --> 00:20:40,080 Speaker 1: got this crowd of you know, people that you just 378 00:20:40,119 --> 00:20:41,760 Speaker 1: don't get at any other moment in the year. It's 379 00:20:41,800 --> 00:20:44,040 Speaker 1: kind of this built in reset on the presidential calendar 380 00:20:44,560 --> 00:20:45,960 Speaker 1: and a lot of the people. The reason the crowd 381 00:20:46,000 --> 00:20:47,840 Speaker 1: is so big is you have people tuning in who 382 00:20:47,960 --> 00:20:50,879 Speaker 1: just don't necessarily follow the day to day of politics, 383 00:20:50,920 --> 00:20:52,800 Speaker 1: you know, who are working and raising kids and going 384 00:20:52,840 --> 00:20:54,600 Speaker 1: to school and whatever. So this is your chance to 385 00:20:55,280 --> 00:20:56,960 Speaker 1: speak to a lot of people who aren't always paying 386 00:20:57,000 --> 00:20:59,679 Speaker 1: close attention. Now that there are you know, notes you 387 00:20:59,720 --> 00:21:02,800 Speaker 1: need to hit inside the room, bills that people are 388 00:21:02,800 --> 00:21:04,880 Speaker 1: looking to push, that interest scripts are looking to push. 389 00:21:05,160 --> 00:21:07,320 Speaker 1: That's usually what drives you most crazy as a speech writer, 390 00:21:07,440 --> 00:21:09,280 Speaker 1: is kind of hitting all those things. But but this 391 00:21:09,359 --> 00:21:11,000 Speaker 1: is really a chance for Joe Biden to talk directly 392 00:21:11,040 --> 00:21:13,400 Speaker 1: to the American people. And Cody, are you factoring in 393 00:21:13,440 --> 00:21:16,080 Speaker 1: all those standing ovations that that you refer to earlier 394 00:21:16,119 --> 00:21:18,600 Speaker 1: that turned this from half an hour into a ninety 395 00:21:18,600 --> 00:21:22,240 Speaker 1: minute speech. Uh, that's going to impact his cadence. It's 396 00:21:22,240 --> 00:21:25,720 Speaker 1: going to impact obviously where you put applause lines. We 397 00:21:25,800 --> 00:21:28,560 Speaker 1: used to joke about asking Congress to stay set to 398 00:21:28,600 --> 00:21:31,480 Speaker 1: the entire thing and not applaud, but the members like 399 00:21:31,560 --> 00:21:34,160 Speaker 1: the theater too. Um. You know, one thing I will 400 00:21:34,200 --> 00:21:37,080 Speaker 1: say is that those applause breaks, Actually, it is hard 401 00:21:37,160 --> 00:21:41,280 Speaker 1: to give a speech for minutes. Those applause breaks actually 402 00:21:41,320 --> 00:21:42,680 Speaker 1: breathe in a chance to take a breath and take 403 00:21:42,680 --> 00:21:45,520 Speaker 1: a simple water So they're pretty important. Sure. And and 404 00:21:46,160 --> 00:21:48,399 Speaker 1: how about the applause lines or the zingers. You know, 405 00:21:48,400 --> 00:21:52,399 Speaker 1: when you're crafting this, you can imagine some some somebody 406 00:21:52,440 --> 00:21:54,520 Speaker 1: in the newsroom cutting this up, or in this day 407 00:21:54,520 --> 00:21:57,080 Speaker 1: and age, some kid cutting it up for social media. 408 00:21:57,680 --> 00:22:00,000 Speaker 1: You need to have those the zingers, right, the memory 409 00:22:00,000 --> 00:22:03,760 Speaker 1: double moments? Are you all contributing those? Do they kind 410 00:22:03,760 --> 00:22:05,760 Speaker 1: of crop up over the course of time while you're 411 00:22:05,760 --> 00:22:07,919 Speaker 1: talking about the speech. Do you do you end up 412 00:22:07,920 --> 00:22:09,639 Speaker 1: removing a bunch of them at the last minute? How 413 00:22:09,640 --> 00:22:12,840 Speaker 1: does it work? Those are some of the later things 414 00:22:12,880 --> 00:22:15,000 Speaker 1: we do. I mean President Obama was he just he 415 00:22:15,040 --> 00:22:16,600 Speaker 1: wasn't a sound bites guy. He didn't like him. That 416 00:22:16,600 --> 00:22:18,480 Speaker 1: would often be the thing he would exercise from a speech. 417 00:22:18,520 --> 00:22:22,320 Speaker 1: But once we had the structure down and everything in there, 418 00:22:22,400 --> 00:22:24,280 Speaker 1: we try to add in a few lines that that 419 00:22:24,359 --> 00:22:26,560 Speaker 1: we know might get picked up, especially if they made 420 00:22:26,600 --> 00:22:28,240 Speaker 1: people laugh. You know, if we could, if we could 421 00:22:28,240 --> 00:22:32,200 Speaker 1: do laughter rather than cheap applause or booze, that's always 422 00:22:32,240 --> 00:22:33,879 Speaker 1: a better way to go. And you know, there's a 423 00:22:33,920 --> 00:22:36,640 Speaker 1: couple of moments too, where heckling is a relatively new 424 00:22:36,640 --> 00:22:39,320 Speaker 1: phenomenon of the State of the Union address. But I 425 00:22:39,320 --> 00:22:41,840 Speaker 1: think it was when, you know, we were kind of 426 00:22:41,840 --> 00:22:43,919 Speaker 1: getting towards a serious ending and Obama said, I have 427 00:22:44,359 --> 00:22:46,359 Speaker 1: I have no more campaigns left to run, you know, 428 00:22:46,400 --> 00:22:48,040 Speaker 1: I'm just gonna do what I believe is right. And 429 00:22:48,640 --> 00:22:51,399 Speaker 1: Republicans all started cheering, uh, and he just added in, 430 00:22:51,440 --> 00:22:54,719 Speaker 1: I know because I won both of them. And you 431 00:22:54,760 --> 00:22:57,840 Speaker 1: can't write that stuff, can you? You can't write that stuff. 432 00:22:58,400 --> 00:23:00,680 Speaker 1: There was another heckler that a lot of us remember. 433 00:23:00,720 --> 00:23:03,200 Speaker 1: His name was Joe Wilson. This was two thousand nine. 434 00:23:03,240 --> 00:23:05,920 Speaker 1: They're also those who claim that our reform efforts would 435 00:23:05,960 --> 00:23:13,399 Speaker 1: ensure illegal immigrants. This too, is false. The reforms, the 436 00:23:13,520 --> 00:23:16,719 Speaker 1: reforms I'm proposing, would not apply to those who are 437 00:23:16,720 --> 00:23:22,639 Speaker 1: here illegal. You live. No one will forget it, at 438 00:23:22,720 --> 00:23:25,120 Speaker 1: least back then, Cody, that was a really big deal. 439 00:23:25,160 --> 00:23:27,120 Speaker 1: If it happened tonight, I'm not sure it would make 440 00:23:27,240 --> 00:23:30,760 Speaker 1: such waves. Obviously they would get in the news. How 441 00:23:30,760 --> 00:23:33,280 Speaker 1: do you prepare a president of the United States to 442 00:23:33,280 --> 00:23:36,440 Speaker 1: be challenged like that? Or can't you It didn't cross 443 00:23:36,440 --> 00:23:38,480 Speaker 1: our mind at the time because it had never happened before. 444 00:23:38,720 --> 00:23:41,679 Speaker 1: I remember it being so shocking that I remember Nancy 445 00:23:41,680 --> 00:23:43,679 Speaker 1: Pelosi's face and it was like lasers are coming out 446 00:23:43,680 --> 00:23:46,879 Speaker 1: of her eyes. Um, you know, I think the Biden 447 00:23:46,920 --> 00:23:49,320 Speaker 1: team is probably thinking about that now. I mean, it 448 00:23:49,320 --> 00:23:51,760 Speaker 1: happened last year with Lauren Bobert. I think there's an 449 00:23:51,760 --> 00:23:54,320 Speaker 1: equal chance. You know, the different wings of the Republican 450 00:23:54,320 --> 00:23:56,720 Speaker 1: Party heckle each other tonight. But but I think now 451 00:23:56,760 --> 00:23:58,800 Speaker 1: you need to be ready for anything. So that's part 452 00:23:58,800 --> 00:24:01,960 Speaker 1: of the game. Now, this is part of the night. Yeah. 453 00:24:02,000 --> 00:24:05,760 Speaker 1: I mean, hopefully we're not veering too closely to English Parliament, 454 00:24:06,040 --> 00:24:09,919 Speaker 1: but it is getting roudier and roudier. Cody Keenan, how 455 00:24:09,920 --> 00:24:11,639 Speaker 1: do you deal with the money line? The state of 456 00:24:11,680 --> 00:24:14,680 Speaker 1: the Union is dot dot dot. You have to say 457 00:24:14,720 --> 00:24:18,879 Speaker 1: something good there, but you don't want to be cliche. 458 00:24:20,359 --> 00:24:22,320 Speaker 1: What's the answer to that part of the speech? Is 459 00:24:22,320 --> 00:24:25,320 Speaker 1: it different every year? Yeah, I'll be honest, it's the 460 00:24:25,320 --> 00:24:28,480 Speaker 1: worst line in the speech. It's because because it's a 461 00:24:28,560 --> 00:24:30,200 Speaker 1: it's a line that you have to do because if 462 00:24:30,200 --> 00:24:33,040 Speaker 1: you don't, then everyone says, oh, the President didn't say 463 00:24:33,080 --> 00:24:35,600 Speaker 1: the same union is strong. No, you know, for us, 464 00:24:35,640 --> 00:24:37,280 Speaker 1: it was how do you do that when the first 465 00:24:37,280 --> 00:24:39,479 Speaker 1: time he addressed a joint session of Congress, we were 466 00:24:39,480 --> 00:24:42,359 Speaker 1: losing almost a million jobs a month. You can't say that. 467 00:24:42,440 --> 00:24:44,800 Speaker 1: So we would we would couch it in the American people, 468 00:24:44,800 --> 00:24:47,879 Speaker 1: we would couch it in determination, We couch it in 469 00:24:47,880 --> 00:24:50,520 Speaker 1: different values. But it's just, you know, once we did 470 00:24:50,600 --> 00:24:52,560 Speaker 1: finally merge in that crisis and got an eemployment back 471 00:24:52,560 --> 00:24:54,359 Speaker 1: down under five percent, things are getting better than we 472 00:24:54,359 --> 00:24:55,880 Speaker 1: finally said it again. But it's just one of those 473 00:24:55,920 --> 00:24:57,960 Speaker 1: things that you have to do that I wish we 474 00:24:58,000 --> 00:25:01,280 Speaker 1: could just We always joked about dispensing with it and 475 00:25:01,320 --> 00:25:03,600 Speaker 1: explaining why so that no other future president would have 476 00:25:03,640 --> 00:25:05,520 Speaker 1: to do it, and then we decided we don't need 477 00:25:05,560 --> 00:25:08,159 Speaker 1: to pick that battle. We talked about the potential for 478 00:25:08,200 --> 00:25:10,960 Speaker 1: a heckler in the in in in the chamber, Cody, 479 00:25:10,960 --> 00:25:13,639 Speaker 1: how about the Republican speaker who's going to be sitting 480 00:25:13,640 --> 00:25:17,560 Speaker 1: behind Joe Biden tonight. He's used to having Nancy Pelosi there. 481 00:25:18,280 --> 00:25:20,200 Speaker 1: Kevin McCarthy's been going out of his way to say, hey, 482 00:25:20,200 --> 00:25:23,280 Speaker 1: nobody's ripping up any speeches tonight. That was Nancy Pelosi's act. 483 00:25:23,600 --> 00:25:25,919 Speaker 1: When this, you know, this, this whole idea comes up 484 00:25:26,000 --> 00:25:30,560 Speaker 1: of heckling or or or somehow breaking decorum. Uh does 485 00:25:30,640 --> 00:25:33,680 Speaker 1: Joe Biden take advantage of that? What if he turned 486 00:25:33,720 --> 00:25:38,040 Speaker 1: around and shook Kevin McCarthy's hand or did something to 487 00:25:38,080 --> 00:25:40,359 Speaker 1: try to act like they were actually getting along, that 488 00:25:40,840 --> 00:25:44,199 Speaker 1: talks were gonna be had. He could actually do some 489 00:25:44,240 --> 00:25:47,439 Speaker 1: real political damage there, couldn't he. I think it's actually 490 00:25:47,440 --> 00:25:49,320 Speaker 1: a good bet that he does something like that, that 491 00:25:49,400 --> 00:25:50,960 Speaker 1: he turns around and chicks his hand. I mean, that's 492 00:25:51,040 --> 00:25:53,159 Speaker 1: that's kind of cord to Joe Biden's character. He's just 493 00:25:53,280 --> 00:25:55,360 Speaker 1: you're you're not going to change after that time. One 494 00:25:55,400 --> 00:25:57,240 Speaker 1: thing we did in I don't know if it was 495 00:25:58,800 --> 00:26:01,679 Speaker 1: I think fourteen, you know, I was talking about what 496 00:26:01,840 --> 00:26:03,600 Speaker 1: makes America great, and he said, you know, only in 497 00:26:03,600 --> 00:26:05,879 Speaker 1: a country like this can the son of a single 498 00:26:05,920 --> 00:26:08,320 Speaker 1: mom become president United States, or the son of a 499 00:26:08,320 --> 00:26:10,920 Speaker 1: barkeeper can become Speaker of the House. And that was 500 00:26:10,960 --> 00:26:12,880 Speaker 1: a surprise to John Bayner, and he started crying, which 501 00:26:12,920 --> 00:26:15,440 Speaker 1: is one of my prouder one of my prouder State 502 00:26:15,440 --> 00:26:18,600 Speaker 1: of Union achievements. It was a nice moment before you realize, 503 00:26:18,600 --> 00:26:20,240 Speaker 1: I could have written anything there and he still would 504 00:26:20,240 --> 00:26:24,480 Speaker 1: have been crying. Cody, thank you I'm delighted you could 505 00:26:24,520 --> 00:26:26,040 Speaker 1: come in. You're just the voice that we wanted on 506 00:26:26,040 --> 00:26:28,399 Speaker 1: this broadcast, and I have to know what are you 507 00:26:28,440 --> 00:26:29,919 Speaker 1: doing for the state of the Union. Do you do? 508 00:26:29,920 --> 00:26:31,800 Speaker 1: You do anything specially you watch it at home with 509 00:26:31,840 --> 00:26:34,360 Speaker 1: the family. I've got a two year old, so once 510 00:26:34,400 --> 00:26:36,360 Speaker 1: she falls asleep, I'm gonna get back and open a beer. 511 00:26:37,400 --> 00:26:40,560 Speaker 1: I'm sure that some old suspicions will kick back in. Uh, Cody, 512 00:26:40,600 --> 00:26:42,440 Speaker 1: don't be a stranger. It's great to have you. Cody 513 00:26:42,520 --> 00:26:46,320 Speaker 1: Keenan the book against Grace, President Obama and tentees in 514 00:26:46,480 --> 00:26:51,960 Speaker 1: the Battle for America. You're listening to the Bloomberg Sound 515 00:26:52,000 --> 00:26:55,320 Speaker 1: on podcast Catch us Live week days at five Eastern, 516 00:26:55,600 --> 00:26:58,080 Speaker 1: Bloomberg dot Com, the r Heart Radio app, and the 517 00:26:58,119 --> 00:27:01,920 Speaker 1: Bloomberg Business Happen. We're listening demand wherever you get your past. 518 00:27:04,280 --> 00:27:07,000 Speaker 1: It'll be a real test of Kevin McCarthy's station in 519 00:27:07,000 --> 00:27:10,920 Speaker 1: the universe and certainly his role as speaker to find 520 00:27:10,960 --> 00:27:13,040 Speaker 1: out if anyone breaks to Karum. As we were just 521 00:27:13,119 --> 00:27:15,840 Speaker 1: discussing with Cody, this is kind of a big question 522 00:27:15,840 --> 00:27:18,480 Speaker 1: going into tonight as you consider the potential for the 523 00:27:18,520 --> 00:27:20,600 Speaker 1: Matt Gates Is and Lauren Bobert's to make some noise. 524 00:27:20,640 --> 00:27:23,520 Speaker 1: Certainly a year ago we saw Lauren Bobert and Marjorie 525 00:27:23,560 --> 00:27:27,159 Speaker 1: Taylor Green famously on their feet yelling at President Biden 526 00:27:27,200 --> 00:27:30,040 Speaker 1: at one point. Uh, some of these names might not 527 00:27:30,160 --> 00:27:32,159 Speaker 1: be interested in doing all of this, But Rick and 528 00:27:32,240 --> 00:27:34,040 Speaker 1: Janie are here to talk a little more about the 529 00:27:34,080 --> 00:27:36,719 Speaker 1: speech again. Special coverage starting at eight thirty The speeches 530 00:27:36,760 --> 00:27:41,080 Speaker 1: at nine, Mr Speaker the President of the United States, 531 00:27:41,160 --> 00:27:45,440 Speaker 1: Rick Davis and Jeannie Schanzano. Uh. After seeing the fifteen 532 00:27:45,560 --> 00:27:48,960 Speaker 1: rounds that led to the speakership of Kevin McCarthy and 533 00:27:49,000 --> 00:27:51,200 Speaker 1: a lot of the back and forth, the drama Rick 534 00:27:51,280 --> 00:27:53,840 Speaker 1: that we saw on the House floor, Uh, you would 535 00:27:53,840 --> 00:27:56,000 Speaker 1: have thought that this would be an absolute free for 536 00:27:56,040 --> 00:27:58,240 Speaker 1: all tonight. But he's been going out of his way 537 00:27:58,640 --> 00:28:00,560 Speaker 1: to try to tell people the rules the road and 538 00:28:00,640 --> 00:28:03,520 Speaker 1: not create a scene tonight and make that the story. 539 00:28:04,000 --> 00:28:06,080 Speaker 1: You think it, can you pull it off? Well, he's 540 00:28:06,119 --> 00:28:08,240 Speaker 1: done it so far. I Mean, everybody had dubbed it 541 00:28:08,280 --> 00:28:11,480 Speaker 1: the crisis Caucus, and nobody thought that they would get 542 00:28:11,520 --> 00:28:15,000 Speaker 1: through a whole month without some kind of blow up. Uh, 543 00:28:15,040 --> 00:28:17,840 Speaker 1: inside the Republican Caucus and the House of Representatives and 544 00:28:17,920 --> 00:28:19,800 Speaker 1: so far so good. I mean, he's even been able 545 00:28:19,800 --> 00:28:22,280 Speaker 1: to go up to the White House and talk about 546 00:28:22,320 --> 00:28:25,919 Speaker 1: bipartisan approaches to solving the dead ceiling and how to 547 00:28:25,960 --> 00:28:29,399 Speaker 1: work together on you know, the budget. I mean, he's 548 00:28:29,440 --> 00:28:33,560 Speaker 1: actually sounding like a speaker looking to actually pass legislation 549 00:28:33,640 --> 00:28:35,960 Speaker 1: this year. And I would have thought there'd be a 550 00:28:36,000 --> 00:28:38,600 Speaker 1: rebellion over that. By now what talked to the president 551 00:28:38,600 --> 00:28:41,280 Speaker 1: of that guy, we should impeach him, you know, And 552 00:28:41,280 --> 00:28:44,160 Speaker 1: and yet you hear virtually none of that. So um, 553 00:28:44,200 --> 00:28:47,440 Speaker 1: if anything, what's really happening is on the Senate side, 554 00:28:47,480 --> 00:28:50,520 Speaker 1: Mitch McConnell's banned a couple of senators from their committees, 555 00:28:50,800 --> 00:28:53,120 Speaker 1: you know, punishing them for bad behavior during the election. 556 00:28:53,160 --> 00:28:56,440 Speaker 1: I mean, there's been more discontent in the Senate GOP 557 00:28:56,600 --> 00:28:59,240 Speaker 1: caucus than something that Who would have thought here, Genie, 558 00:28:59,240 --> 00:29:01,760 Speaker 1: if there has been some talk of some Republican lawmakers 559 00:29:01,760 --> 00:29:04,880 Speaker 1: bringing balloons into the chamber, that type of thing would obvious. 560 00:29:04,920 --> 00:29:06,880 Speaker 1: That would be big news. You see balloons go up 561 00:29:06,880 --> 00:29:08,240 Speaker 1: in the House chamber in the middle of there would 562 00:29:08,240 --> 00:29:11,400 Speaker 1: be a new level. Joe Wilson, Uh, does something like 563 00:29:11,440 --> 00:29:14,120 Speaker 1: that go on tonight? Or do they give Kevin McCarthy 564 00:29:14,160 --> 00:29:16,360 Speaker 1: a little bit of space here. Yeah, I mean, I mean, 565 00:29:16,400 --> 00:29:18,880 Speaker 1: if the props go in, I can't believe those get 566 00:29:18,880 --> 00:29:21,239 Speaker 1: through security. But if they go in, that'll be a 567 00:29:21,280 --> 00:29:24,360 Speaker 1: big deal. Um. You know, there's a few things. Number 568 00:29:24,360 --> 00:29:26,880 Speaker 1: one is, you know, we did see that last year. 569 00:29:26,880 --> 00:29:29,880 Speaker 1: We've seen it in the past, but now that Republicans 570 00:29:29,960 --> 00:29:33,440 Speaker 1: it's their house, so they have less of an incentive 571 00:29:33,520 --> 00:29:36,520 Speaker 1: to take it on in their own house. Um, even 572 00:29:36,560 --> 00:29:39,040 Speaker 1: though the president is of the opposition party, it is 573 00:29:39,080 --> 00:29:41,920 Speaker 1: their house. It is their speaker sitting up there, so 574 00:29:42,280 --> 00:29:45,400 Speaker 1: they have less of an incentive to act out. That said, 575 00:29:45,520 --> 00:29:47,920 Speaker 1: I think it depends in part on which Joe Biden 576 00:29:48,000 --> 00:29:50,880 Speaker 1: shows up. If the Joe Biden that showed up last 577 00:29:50,920 --> 00:29:55,960 Speaker 1: week left weekend in Philadelphia talking about Maga crazy Republicans. 578 00:29:56,000 --> 00:29:57,560 Speaker 1: Of course he was talking to the d n C. 579 00:29:57,840 --> 00:30:00,320 Speaker 1: So there there's that. If that Joe, if that Joe 580 00:30:00,320 --> 00:30:03,960 Speaker 1: Biden shows up, you might see some pushback or some heckling. 581 00:30:04,200 --> 00:30:07,400 Speaker 1: But if Joe Biden is more conciliatory, reaching across the 582 00:30:07,440 --> 00:30:10,920 Speaker 1: aisle talking about his accomplishments, I don't think we're we 583 00:30:11,000 --> 00:30:13,800 Speaker 1: probably won't see it. Although you know, in this day 584 00:30:13,800 --> 00:30:17,000 Speaker 1: and age, you know we wouldn't know who Joe Wilson 585 00:30:17,080 --> 00:30:19,240 Speaker 1: is except he did that. So if you want to 586 00:30:19,240 --> 00:30:23,000 Speaker 1: get your name out there and increase your fundraising, absolutely, 587 00:30:23,000 --> 00:30:25,200 Speaker 1: And they're all holding their phones and they've all got Twitter, 588 00:30:25,240 --> 00:30:28,040 Speaker 1: and they'd love to make a video, but hecklers are not. 589 00:30:28,440 --> 00:30:31,720 Speaker 1: Jennie brings up a real question here, Rick, which Joe 590 00:30:31,760 --> 00:30:34,160 Speaker 1: Biden does show up tonight. Are we gonna go you know, 591 00:30:34,160 --> 00:30:36,880 Speaker 1: we're gonna go maga, ultra maga, whatever he calls it. 592 00:30:36,920 --> 00:30:39,520 Speaker 1: Is this gonna be a fiery speech? Or is it 593 00:30:39,640 --> 00:30:42,480 Speaker 1: Uncle Joe? You know, I think my impression is what 594 00:30:42,560 --> 00:30:45,760 Speaker 1: they're setting up his Uncle Joe, because normally you sort 595 00:30:45,800 --> 00:30:48,320 Speaker 1: of lean into the State of the Union, right, you 596 00:30:48,360 --> 00:30:51,520 Speaker 1: don't sort of uh give away the speech, but you 597 00:30:51,640 --> 00:30:53,680 Speaker 1: test run a lot of it. And and and Joe 598 00:30:53,720 --> 00:30:56,640 Speaker 1: Biden's been out on the hustings, going to events and 599 00:30:56,680 --> 00:30:59,240 Speaker 1: talking a lot lately, and a lot of is about 600 00:30:59,320 --> 00:31:05,520 Speaker 1: his INFA structure success and working with Republicans McConnell state 601 00:31:05,720 --> 00:31:08,200 Speaker 1: and and actually did an event with him. So my 602 00:31:08,360 --> 00:31:11,000 Speaker 1: guess is that's a forecast of what we're going to 603 00:31:11,080 --> 00:31:12,720 Speaker 1: see in the State of the Union. I would be 604 00:31:12,880 --> 00:31:16,400 Speaker 1: very surprised if he pivots on that goes crazy ultra 605 00:31:16,480 --> 00:31:20,800 Speaker 1: maga on the House of Representatives and starts actually drilling 606 00:31:20,840 --> 00:31:24,320 Speaker 1: everybody about the threat to democracy. Right, this is how 607 00:31:24,360 --> 00:31:27,800 Speaker 1: we started his administration. Um, but I'm not sure that's 608 00:31:27,800 --> 00:31:30,560 Speaker 1: where we are today. And and and like what he'll 609 00:31:30,600 --> 00:31:33,720 Speaker 1: probably point out, we've overcome COVID. I think we've overcome 610 00:31:33,760 --> 00:31:35,720 Speaker 1: a lot of that too. Uh. And we just went 611 00:31:35,720 --> 00:31:40,440 Speaker 1: through a successful election where there wasn't any problem other 612 00:31:40,480 --> 00:31:44,520 Speaker 1: than of course people running who lost and uh and 613 00:31:44,520 --> 00:31:46,200 Speaker 1: and and he could take credit for that, right, And 614 00:31:46,240 --> 00:31:49,480 Speaker 1: so you don't want to take digs at your own successes. Wow? 615 00:31:49,560 --> 00:31:51,920 Speaker 1: Is this is this the bless your heart sort of 616 00:31:51,920 --> 00:31:55,560 Speaker 1: approach that he'll take to Kevin McCarthy, then, Jennie to 617 00:31:55,600 --> 00:31:58,040 Speaker 1: try to kill him with kindness and maybe actually create 618 00:31:58,040 --> 00:31:59,520 Speaker 1: a little bit of friction and say, wait a minute, 619 00:31:59,520 --> 00:32:01,480 Speaker 1: these guys get along. What's going How come he likes 620 00:32:01,520 --> 00:32:04,040 Speaker 1: him so much? Yeah? And you know there is a 621 00:32:04,160 --> 00:32:07,280 Speaker 1: danger there as well for Kevin McCarthy. I mean yeah, 622 00:32:07,800 --> 00:32:10,040 Speaker 1: because you know there are some a lot of people 623 00:32:10,040 --> 00:32:12,440 Speaker 1: in the Republican side who don't want to see Kevin 624 00:32:12,520 --> 00:32:15,560 Speaker 1: McCarthy cozying up to Joe Biden. Like that. So that 625 00:32:15,600 --> 00:32:18,000 Speaker 1: could be something he could he could try to do that. 626 00:32:18,080 --> 00:32:20,280 Speaker 1: It might be a smart move. But let's not forget 627 00:32:20,320 --> 00:32:22,880 Speaker 1: one of the people in the audience tonight is Paul Pelosi, 628 00:32:23,200 --> 00:32:26,000 Speaker 1: and there was political violence in the lead up to 629 00:32:26,000 --> 00:32:28,680 Speaker 1: the mid term election. So that is a theme that 630 00:32:28,720 --> 00:32:31,520 Speaker 1: we may hear more about. And if that comes up, 631 00:32:31,560 --> 00:32:34,479 Speaker 1: and if Joe Biden strays either off the speech depending 632 00:32:34,520 --> 00:32:36,960 Speaker 1: on what he says, or if he just tries to 633 00:32:37,000 --> 00:32:39,720 Speaker 1: take on Republicans so talk about him as maga, it's 634 00:32:39,720 --> 00:32:42,480 Speaker 1: gonna be a moment that may incite some pushback from 635 00:32:42,600 --> 00:32:44,760 Speaker 1: some people in the audience. I wonder how he handles that, 636 00:32:44,800 --> 00:32:48,400 Speaker 1: because sometimes he'll he'll find himself, he'll surprise himself becoming 637 00:32:48,400 --> 00:32:51,240 Speaker 1: emotional in a in a situation like that, he's gonna 638 00:32:51,280 --> 00:32:53,680 Speaker 1: make eye contact with Nancy Pelosi, right, He's gonna know 639 00:32:53,720 --> 00:32:56,080 Speaker 1: where she is. Paul Pelosi is going to be in 640 00:32:56,120 --> 00:32:58,280 Speaker 1: the first lady's box. We've hardly talked about the the 641 00:32:58,360 --> 00:33:02,440 Speaker 1: official administration US tonight. Uh, He's got to be careful 642 00:33:02,480 --> 00:33:04,440 Speaker 1: with that one, right, Rick, when he starts going into 643 00:33:04,440 --> 00:33:07,560 Speaker 1: political violence, Paul Pelosi maybe calling people out on one 644 00:33:07,560 --> 00:33:11,040 Speaker 1: side or the other. Um how do you handle that 645 00:33:11,080 --> 00:33:14,080 Speaker 1: in this environment? Well, I would think actually a little 646 00:33:14,080 --> 00:33:16,600 Speaker 1: emotion would serve him well when you look at the 647 00:33:16,720 --> 00:33:20,240 Speaker 1: numbers coming into this, the polls America is not convinced 648 00:33:20,240 --> 00:33:22,200 Speaker 1: he's doing a good job at all. He's doing a 649 00:33:22,200 --> 00:33:25,080 Speaker 1: lousy job as far as they're concerned, including Democrats on 650 00:33:25,080 --> 00:33:28,440 Speaker 1: the economy. Uh, they don't want him to run for reelection. Uh. 651 00:33:28,560 --> 00:33:31,240 Speaker 1: He's got some convincing to do. And and and frankly, 652 00:33:31,280 --> 00:33:34,320 Speaker 1: maybe a little emotion that touched the heartstrings, you know, 653 00:33:34,400 --> 00:33:37,920 Speaker 1: well up a little bit because of the personal relationships 654 00:33:37,960 --> 00:33:40,880 Speaker 1: that he's got, especially with Democrats in the room. Because 655 00:33:41,120 --> 00:33:44,680 Speaker 1: right now his biggest problem is the Democratic Party, not 656 00:33:44,720 --> 00:33:48,400 Speaker 1: the Republican Party. He doesn't even get through go you know, uh, 657 00:33:48,560 --> 00:33:51,160 Speaker 1: to get his two hundred dollars and be the nominee 658 00:33:51,160 --> 00:33:53,360 Speaker 1: of the party unless he improves his standing right now. 659 00:33:54,320 --> 00:33:56,400 Speaker 1: Tyree Nichols parents are going to be in the room also. 660 00:33:56,480 --> 00:33:59,800 Speaker 1: It's it's another potential moment to find some emotion, never 661 00:33:59,840 --> 00:34:01,960 Speaker 1: mind and move a policy point. I mean, we heard 662 00:34:02,000 --> 00:34:05,840 Speaker 1: from a Congresswoman Maxine Waters earlier this hour, Genie. She 663 00:34:05,880 --> 00:34:08,719 Speaker 1: says she wakes up every morning looking for change. It 664 00:34:08,760 --> 00:34:11,120 Speaker 1: hasn't happened yet, and there's no clear path for a 665 00:34:11,120 --> 00:34:13,520 Speaker 1: comprehensive bill like George Floyd to get through this house. 666 00:34:13,920 --> 00:34:17,320 Speaker 1: Can he advance the ball tonight? Yeah? And also Michael Brown, 667 00:34:17,880 --> 00:34:20,040 Speaker 1: his father is going to be in the audience as well, 668 00:34:20,160 --> 00:34:22,400 Speaker 1: and so you know, this is an issue we know 669 00:34:22,480 --> 00:34:25,080 Speaker 1: the President is going to talk about. But this is 670 00:34:25,160 --> 00:34:27,239 Speaker 1: one of those bills that we've got to assume is 671 00:34:27,280 --> 00:34:30,640 Speaker 1: dead on arrival at this point. Maybe there's a potential 672 00:34:30,680 --> 00:34:34,160 Speaker 1: with policing reform with Tim Scott and Corey Booker on 673 00:34:34,239 --> 00:34:36,080 Speaker 1: it in the Senate, but the idea that would get 674 00:34:36,120 --> 00:34:39,280 Speaker 1: through the House, it's hard pressed. And I question whether 675 00:34:39,320 --> 00:34:41,960 Speaker 1: at some point progressive start to feel like they were 676 00:34:42,000 --> 00:34:44,560 Speaker 1: sold a bill of goods and they start to push back. 677 00:34:44,640 --> 00:34:46,560 Speaker 1: We haven't seen that yet. I don't think we'll see 678 00:34:46,600 --> 00:34:49,520 Speaker 1: it tonight. But these are things they care deeply about 679 00:34:49,760 --> 00:34:52,840 Speaker 1: that they feel like the Biden administration has not delivered on. 680 00:34:53,200 --> 00:34:56,160 Speaker 1: He's going to talk about those tonight, But is he 681 00:34:56,160 --> 00:34:58,680 Speaker 1: going to talk about executive action? Because anything short of 682 00:34:58,719 --> 00:35:00,279 Speaker 1: that it's not going to pass the House. Gotta be 683 00:35:00,320 --> 00:35:03,239 Speaker 1: careful not to overpromise Rick, right, or does that not 684 00:35:03,360 --> 00:35:05,319 Speaker 1: matter when it's it's laundry list night at the State 685 00:35:05,320 --> 00:35:07,720 Speaker 1: of the Union. You know, I think specifically what Jennie 686 00:35:07,760 --> 00:35:09,360 Speaker 1: was talking about. I mean, he can take some credit 687 00:35:09,400 --> 00:35:11,560 Speaker 1: for having passed a gun bill. I mean, like, I'm 688 00:35:11,600 --> 00:35:14,240 Speaker 1: sure we're going to hear about that tonight in relation 689 00:35:14,320 --> 00:35:18,160 Speaker 1: to some of the gun violence is occurring, you know now. Um, 690 00:35:18,160 --> 00:35:20,640 Speaker 1: But like, I just don't get the impression that they're 691 00:35:20,680 --> 00:35:24,319 Speaker 1: setting this up to be a want list. It's more 692 00:35:24,400 --> 00:35:28,520 Speaker 1: like a do list things he's accomplished. He's gonna take 693 00:35:28,520 --> 00:35:31,319 Speaker 1: credit for Rick and Jennie with some final thoughts. Next, 694 00:35:31,360 --> 00:35:33,520 Speaker 1: you wouldn't believe who got a guest for the State 695 00:35:33,560 --> 00:35:37,320 Speaker 1: of the Union tonight. Yes, George Santos will do that. Next, 696 00:35:37,400 --> 00:35:41,400 Speaker 1: this is Bloomberg. The headline at the New York Times 697 00:35:42,000 --> 00:35:45,480 Speaker 1: says it all. George Santos invited a guest to the 698 00:35:45,480 --> 00:35:51,400 Speaker 1: State of the Union. He said, yes. Michael Weinstock is 699 00:35:51,440 --> 00:35:55,320 Speaker 1: his name, A Democrat who once ran for Santos district 700 00:35:55,360 --> 00:35:57,040 Speaker 1: in New York says he wanted to raise attention to 701 00:35:57,080 --> 00:36:02,160 Speaker 1: health issues of nine eleven rescue workers like himself, and 702 00:36:02,239 --> 00:36:06,080 Speaker 1: he will be in the chamber. Yes, this is the 703 00:36:06,239 --> 00:36:10,600 Speaker 1: same Congressman George Santos, who claimed that his mother passed 704 00:36:12,280 --> 00:36:14,560 Speaker 1: in the nine eleven attacks. They'll be sitting next to 705 00:36:14,560 --> 00:36:19,839 Speaker 1: each other today, certainly spending time already. Michael Weinstock said 706 00:36:19,880 --> 00:36:24,000 Speaker 1: he thought it was worth it. Cautiously optimistic. He says 707 00:36:24,040 --> 00:36:28,839 Speaker 1: that the publicity will outweigh the risk of accepting this invitation. 708 00:36:29,840 --> 00:36:32,560 Speaker 1: And it happens on a day when people came from 709 00:36:32,760 --> 00:36:37,280 Speaker 1: George Santos's district, at least what I count here fifty voters. 710 00:36:37,320 --> 00:36:39,840 Speaker 1: First they talked to reporters outside, then marched to his 711 00:36:39,960 --> 00:36:47,000 Speaker 1: office and filled up the hallway outside the door. No 712 00:36:47,040 --> 00:36:49,960 Speaker 1: one really talking. They just stood there waiting, lots of 713 00:36:50,040 --> 00:36:54,440 Speaker 1: cameras around. Finally the door opens, some poor staff or 714 00:36:54,560 --> 00:37:01,880 Speaker 1: bunks out. Excuse me, part me, excuse me. It's basically 715 00:37:03,360 --> 00:37:04,800 Speaker 1: and he's going to be in the State of the 716 00:37:04,880 --> 00:37:07,399 Speaker 1: Union tonight. Maybe we'll see him walk through Stadthole when 717 00:37:07,400 --> 00:37:09,719 Speaker 1: it's all over. Rick and Jenior here, who will of 718 00:37:09,800 --> 00:37:13,120 Speaker 1: course be part of our special coverage later on tonight. Jennie, 719 00:37:13,200 --> 00:37:15,520 Speaker 1: my goodness, the voters are actually showing up at your 720 00:37:15,520 --> 00:37:18,960 Speaker 1: door now. They how long can this go on for? 721 00:37:19,360 --> 00:37:22,239 Speaker 1: They are livid and you can just hear it in 722 00:37:22,280 --> 00:37:25,080 Speaker 1: their voices, they say they're being represented by a phantom. 723 00:37:25,120 --> 00:37:28,200 Speaker 1: They don't know who he is. And honestly, Joe, when 724 00:37:28,239 --> 00:37:30,279 Speaker 1: you said that he was bringing a guest, I thought 725 00:37:30,360 --> 00:37:33,759 Speaker 1: to myself, Elvis. He's bringing Elvis. And now it's Mr 726 00:37:33,800 --> 00:37:37,759 Speaker 1: Weinstock and obviously a very good cause. Mr Weinstock is 727 00:37:37,800 --> 00:37:40,960 Speaker 1: trying to get attention for a very important cause, particularly 728 00:37:41,000 --> 00:37:44,280 Speaker 1: for New Yorkers who have suffered since eleven. But boy, 729 00:37:44,400 --> 00:37:47,279 Speaker 1: what a way to have to do it. You know, 730 00:37:47,360 --> 00:37:49,359 Speaker 1: it's he's going to get his name out there. That's 731 00:37:49,640 --> 00:37:52,799 Speaker 1: apparently he lost his job over all of this, Rick, 732 00:37:52,960 --> 00:37:56,000 Speaker 1: I mean this, these stories are incredible. I guess of course, 733 00:37:56,000 --> 00:37:59,960 Speaker 1: George Santos, when was it that every lawmaker needed to 734 00:38:00,080 --> 00:38:02,479 Speaker 1: have a guest? By the way, well, I think every 735 00:38:02,760 --> 00:38:05,080 Speaker 1: lawmaker always had a guest, but it was probably their 736 00:38:05,120 --> 00:38:09,440 Speaker 1: wife or the and and you only really talked about 737 00:38:09,440 --> 00:38:11,759 Speaker 1: the first ladies guests, which are the ones that the 738 00:38:11,800 --> 00:38:14,680 Speaker 1: president would you know, speak out to. But now everybody's 739 00:38:14,719 --> 00:38:18,120 Speaker 1: guest is getting attention, and frankly, George Santos is guest 740 00:38:18,280 --> 00:38:20,880 Speaker 1: is getting more attention in the lead up today to 741 00:38:21,000 --> 00:38:23,920 Speaker 1: the to the State of the Union, and probably Joe Biden. So, 742 00:38:24,560 --> 00:38:27,400 Speaker 1: but like any any look at the at the clips. 743 00:38:27,440 --> 00:38:30,000 Speaker 1: I mean, this guy is driving more news on a 744 00:38:30,080 --> 00:38:34,279 Speaker 1: daily basis than anything I've ever seen for a freshman congressman. 745 00:38:34,719 --> 00:38:37,919 Speaker 1: And and I think we should just devote this last 746 00:38:37,960 --> 00:38:40,840 Speaker 1: five minutes of our our show every single day. I 747 00:38:40,840 --> 00:38:43,480 Speaker 1: think we kind of talking about George Santos because that 748 00:38:43,640 --> 00:38:45,719 Speaker 1: seems to me where it's at it. Sometimes it just 749 00:38:45,800 --> 00:38:50,000 Speaker 1: happens that way. Michael Weinstock, if you're listening, we invite 750 00:38:50,040 --> 00:38:52,200 Speaker 1: you because we we would love to hear about how 751 00:38:52,239 --> 00:38:54,239 Speaker 1: this night went. I mean, I guess it is a 752 00:38:54,239 --> 00:38:56,320 Speaker 1: good thing that he gets some publicity out of this genie. 753 00:38:56,680 --> 00:38:59,200 Speaker 1: It's a good thing. It's a very important cause we 754 00:38:59,320 --> 00:39:02,160 Speaker 1: hear he is offering with health issues. It's very important. 755 00:39:02,480 --> 00:39:04,160 Speaker 1: You know. Maybe he'll get to hear some of the 756 00:39:04,200 --> 00:39:08,320 Speaker 1: Spiderman music on the way in the car. Um, maybe 757 00:39:08,320 --> 00:39:12,600 Speaker 1: they'll play some volleyball together. Um. Maybe, you know, I 758 00:39:12,600 --> 00:39:14,440 Speaker 1: don't know. There's a whole host of things that can 759 00:39:14,480 --> 00:39:17,440 Speaker 1: happen that sounds fun. All right, I'm Joe Matthew. This 760 00:39:17,520 --> 00:39:18,120 Speaker 1: is Bloomberg