1 00:00:00,480 --> 00:00:04,320 Speaker 1: Why all talk here in Washington, d C. Turns to 2 00:00:04,400 --> 00:00:08,039 Speaker 1: President elect Joe Biden's administration. Speaker Pelosi has beat the 3 00:00:08,039 --> 00:00:11,239 Speaker 1: political odds and reclaimed the galvil. We're talking right now 4 00:00:11,280 --> 00:00:17,400 Speaker 1: about jockeying amongst Republicans. Bloomberg Sound On, the insiders, the influencers, 5 00:00:17,480 --> 00:00:20,599 Speaker 1: the inside fiding has promised again and again it he 6 00:00:20,720 --> 00:00:23,520 Speaker 1: will unite the country the only way things happened, and 7 00:00:23,560 --> 00:00:27,320 Speaker 1: if Republicans Democrats has worked together. Unfortunately for President elect Biden, 8 00:00:27,480 --> 00:00:29,639 Speaker 1: this is a time when he's getting the most support 9 00:00:29,640 --> 00:00:32,960 Speaker 1: he's gonna get in the Democratic Party. This is Bloomberg 10 00:00:33,159 --> 00:00:39,280 Speaker 1: Sound On with Levin Shirley on Bloomberg Radio. Complete inauguration preview. 11 00:00:39,400 --> 00:00:43,640 Speaker 1: This as President Trump gives departing words. What will Biden 12 00:00:43,720 --> 00:00:47,440 Speaker 1: administration get to on day one? We begin tonight with 13 00:00:47,479 --> 00:00:51,040 Speaker 1: the big story, which of course is Inauguration Eve. This 14 00:00:51,120 --> 00:00:54,640 Speaker 1: as President elect Joe Biden gets ready to deliver remarks 15 00:00:54,640 --> 00:00:58,320 Speaker 1: trying to revitalize the economy and retake back the fight 16 00:00:58,680 --> 00:01:02,160 Speaker 1: against COVID nineteen. I'm joined for the hour by my 17 00:01:02,200 --> 00:01:05,520 Speaker 1: Bloomberg Politics contributor Rick Davis. He is a partner at 18 00:01:05,560 --> 00:01:09,240 Speaker 1: stone Court Capital, former campaign manager for John McCain's two 19 00:01:09,240 --> 00:01:12,480 Speaker 1: thousand and eight presidential campaign, as well as Drew Littman, 20 00:01:12,680 --> 00:01:15,320 Speaker 1: who was a policy director at Brownstein, Hyatt, Farber and 21 00:01:15,360 --> 00:01:18,360 Speaker 1: Shrek and former chief of staff for Senator Al Franken, 22 00:01:18,640 --> 00:01:23,000 Speaker 1: as well as the former policy director for Senator Barbara Boxer. Rick. Uh, 23 00:01:23,160 --> 00:01:25,520 Speaker 1: let's begin with you. I mean, what are the themes 24 00:01:25,560 --> 00:01:28,839 Speaker 1: that we are going to be watching for tomorrow afternoon 25 00:01:28,880 --> 00:01:32,480 Speaker 1: when President elect Biden speaks to the nations. Well, I 26 00:01:32,520 --> 00:01:36,039 Speaker 1: think the basic theme that's gonna supersede almost everything that 27 00:01:36,080 --> 00:01:39,520 Speaker 1: happens throughout the course of the day is is national unity. Um. 28 00:01:39,880 --> 00:01:42,319 Speaker 1: Joe Biden has made it a hallmark of his entire 29 00:01:42,360 --> 00:01:45,160 Speaker 1: campaign from day one. He's talked about unifying a divided 30 00:01:45,200 --> 00:01:49,080 Speaker 1: country and and he maintained that posture through thick and thin. 31 00:01:49,280 --> 00:01:52,640 Speaker 1: I had a very tough primary cycle and maintained that 32 00:01:52,640 --> 00:01:55,000 Speaker 1: that theme and and running against Donald Trump, that's not 33 00:01:55,040 --> 00:01:57,440 Speaker 1: the easiest theme in the world to have, but he's 34 00:01:57,480 --> 00:02:00,320 Speaker 1: stuck to it. And now he is the man who 35 00:02:00,360 --> 00:02:02,960 Speaker 1: a lot of people are looking to now the country 36 00:02:03,080 --> 00:02:06,320 Speaker 1: to uh, to unify us. And so his speech will 37 00:02:06,720 --> 00:02:09,560 Speaker 1: echo that theme. But he'll also have an event at 38 00:02:09,560 --> 00:02:12,639 Speaker 1: the tomb of the Unknown Soldier in Arlington National Cemetery 39 00:02:12,639 --> 00:02:16,400 Speaker 1: where he brings together former presidents, uh, in order to 40 00:02:16,440 --> 00:02:19,800 Speaker 1: show that kind of unity, and and one notable absence 41 00:02:19,880 --> 00:02:22,960 Speaker 1: from that, Rick, I mean, what about the symbolism tomorrow 42 00:02:23,120 --> 00:02:26,440 Speaker 1: to have Vice President Mike Patt's in attendance but not 43 00:02:26,560 --> 00:02:30,720 Speaker 1: President Trump. Rick, Well, I know that it seems from 44 00:02:30,800 --> 00:02:34,079 Speaker 1: his public statements that President elect Biden just as soon 45 00:02:34,120 --> 00:02:37,440 Speaker 1: Trump not be there. Um And Uh, I know when 46 00:02:37,480 --> 00:02:42,400 Speaker 1: planning the John McCain funeral process, the family chose to 47 00:02:42,480 --> 00:02:45,680 Speaker 1: have uh, Donald Trump not there also, and because he 48 00:02:46,120 --> 00:02:49,360 Speaker 1: whenever he goes to someplace, it's all about him and uh, 49 00:02:49,480 --> 00:02:53,200 Speaker 1: and this is maybe the one day where he's not 50 00:02:53,280 --> 00:02:56,600 Speaker 1: the subject. And so I think it will actually keep 51 00:02:56,600 --> 00:02:59,240 Speaker 1: the focus on Joe Biden and his message and away 52 00:02:59,320 --> 00:03:03,880 Speaker 1: from the just tractions of uh Donald Trump leaving office 53 00:03:03,960 --> 00:03:07,639 Speaker 1: under the cloud of impeachment. I mean, just to follow 54 00:03:07,720 --> 00:03:09,359 Speaker 1: up on that, and you brought it up, so let's 55 00:03:09,400 --> 00:03:11,959 Speaker 1: rip up the script and go right to it. I mean, 56 00:03:11,960 --> 00:03:14,800 Speaker 1: when you were planning the funeral for John McCain, I 57 00:03:14,840 --> 00:03:18,160 Speaker 1: remember talking about all of that fodder and and just 58 00:03:18,360 --> 00:03:22,960 Speaker 1: the the the elements of the tension between the late 59 00:03:23,000 --> 00:03:27,040 Speaker 1: Senator McCain and of course President Trump. And you're absolutely 60 00:03:27,120 --> 00:03:31,000 Speaker 1: correct to suggest that it would have it would have. 61 00:03:31,480 --> 00:03:35,400 Speaker 1: Would it have taken away his presidence from Biden's speech 62 00:03:35,720 --> 00:03:39,280 Speaker 1: if the camera was just panting on on President Trump's face? Sure, 63 00:03:39,360 --> 00:03:42,000 Speaker 1: I mean we had to consider that it was. We 64 00:03:42,040 --> 00:03:46,560 Speaker 1: had President Obama, President Clinton, and President Bush all in attendance. 65 00:03:47,040 --> 00:03:49,720 Speaker 1: They all played a role in the ceremonies at the 66 00:03:49,800 --> 00:03:53,680 Speaker 1: National Cathedral. But we knew that Donald Trump would not 67 00:03:53,800 --> 00:03:57,640 Speaker 1: resist the opportunity to make it about himself. And really 68 00:03:57,640 --> 00:04:00,040 Speaker 1: we wanted to keep the focus on John McCain and 69 00:04:00,040 --> 00:04:03,640 Speaker 1: and like the planners of the inaugural, they're gonna want 70 00:04:03,640 --> 00:04:07,560 Speaker 1: to keep the focus on Joe Biden and Kamala Harris. 71 00:04:07,720 --> 00:04:09,600 Speaker 1: All Right, Drew Letman, what are you gonna be looking 72 00:04:09,640 --> 00:04:14,560 Speaker 1: forward tomorrow? Well, I'm looking for boldness from President Biden. 73 00:04:15,400 --> 00:04:21,520 Speaker 1: Huge COVID aid package, um environmental remediation, rejoining the Paris 74 00:04:21,520 --> 00:04:25,560 Speaker 1: Climate Accords, expanding Obamacare. I think he's gonna call for 75 00:04:25,640 --> 00:04:29,800 Speaker 1: big infrastructure projects and and big building on a scale 76 00:04:29,839 --> 00:04:33,240 Speaker 1: that the Eral government hasn't done in my memory. So 77 00:04:33,320 --> 00:04:36,000 Speaker 1: I think he sees this as an opportunity. I think 78 00:04:36,040 --> 00:04:38,400 Speaker 1: he sees the economy desperately needs some of this for 79 00:04:38,480 --> 00:04:42,000 Speaker 1: the long term investment um and I think he wants 80 00:04:42,040 --> 00:04:45,080 Speaker 1: to strike while the iron top. It's going to be fascinating, 81 00:04:45,160 --> 00:04:48,440 Speaker 1: especially when you have some of the confirmation hearings that 82 00:04:48,480 --> 00:04:53,720 Speaker 1: were that we're playing uh all throughout today. And Drew, 83 00:04:53,720 --> 00:04:57,480 Speaker 1: did you glean any information from share Yelling's confirmation hearing 84 00:04:57,480 --> 00:05:00,080 Speaker 1: today in terms of just how crucial infrastructure will be 85 00:05:00,200 --> 00:05:04,359 Speaker 1: to a Biden administration agenda? Well, I think there was 86 00:05:04,400 --> 00:05:07,760 Speaker 1: a bit of a going back in history element with 87 00:05:08,200 --> 00:05:13,279 Speaker 1: Yelling's hearing because Republicans, almost all of whom voted for 88 00:05:13,560 --> 00:05:16,680 Speaker 1: these big COVID aid packages almost for a sillion dollars 89 00:05:16,680 --> 00:05:21,279 Speaker 1: and eight so far, are suddenly becoming deficit hawk again, 90 00:05:22,120 --> 00:05:25,120 Speaker 1: and and resistance to exactly the kind of sending they approved. 91 00:05:25,440 --> 00:05:28,120 Speaker 1: And I don't want to sound cynical, but o'bonna went 92 00:05:28,160 --> 00:05:32,440 Speaker 1: through the same thing. Republicans resist when it's proposed by Democrats. 93 00:05:32,480 --> 00:05:36,360 Speaker 1: They're somewhat more enthusiastic, not completely enthusiastic, but at least 94 00:05:36,400 --> 00:05:39,600 Speaker 1: compliant when it's supposed by Republicans. So I think there 95 00:05:39,680 --> 00:05:41,960 Speaker 1: was that element which means we could have some of 96 00:05:41,960 --> 00:05:44,840 Speaker 1: those same tired old fights again over this covid AD. 97 00:05:45,200 --> 00:05:47,880 Speaker 1: It's going to be remarkable, uh Rick Davis. I mean, 98 00:05:47,920 --> 00:05:51,880 Speaker 1: how crucial is the economic component of Biden's speech tomorrow. Well, 99 00:05:51,920 --> 00:05:54,400 Speaker 1: I think it's very important. And there's a lot of 100 00:05:54,520 --> 00:05:57,719 Speaker 1: questions about whether or not he'll try to put revenue 101 00:05:57,800 --> 00:06:03,520 Speaker 1: racers into his student lists activities. As uh Drew was saying, 102 00:06:04,040 --> 00:06:06,719 Speaker 1: when you have someone like Janet Yellen say go big, 103 00:06:07,160 --> 00:06:09,640 Speaker 1: you know, when your Treasury Sector Terry says, let's tear 104 00:06:09,680 --> 00:06:11,760 Speaker 1: up the checks and and and and do as much 105 00:06:11,800 --> 00:06:14,159 Speaker 1: as we can as quick as we can, you would 106 00:06:14,200 --> 00:06:17,320 Speaker 1: expect him to to really lay into that. Um. You know, 107 00:06:18,000 --> 00:06:20,680 Speaker 1: so much of the recovery is going to depend upon 108 00:06:20,880 --> 00:06:25,479 Speaker 1: people's ability to survive economically, and the only thing that 109 00:06:25,600 --> 00:06:28,239 Speaker 1: stands uh in the in the way of helping them 110 00:06:28,360 --> 00:06:30,880 Speaker 1: is the federal government. At this stage, state governments are broke. 111 00:06:31,240 --> 00:06:34,719 Speaker 1: We've got sounds on this from a Treasury Secretary nominee 112 00:06:34,760 --> 00:06:38,760 Speaker 1: Janet Yellen tackles into Janet Yellen testifying earlier today before 113 00:06:38,760 --> 00:06:42,000 Speaker 1: the Senate Finance Committee about the need for economic stimulus 114 00:06:43,040 --> 00:06:46,200 Speaker 1: over the next few months. We're going to need more aid. 115 00:06:46,600 --> 00:06:51,040 Speaker 1: Neither the President Alex nor I proposed this release relief 116 00:06:51,120 --> 00:06:57,200 Speaker 1: package without an appreciation for the country's dipperden. But right now, 117 00:06:57,680 --> 00:07:01,840 Speaker 1: with interest rate to historic lows, the smartest thing we 118 00:07:01,920 --> 00:07:05,479 Speaker 1: can do is act big. In the long run, I 119 00:07:05,520 --> 00:07:10,320 Speaker 1: believe the benefits will far outweigh the costs. She also 120 00:07:10,320 --> 00:07:12,560 Speaker 1: went on to say that they will not repeal the 121 00:07:12,600 --> 00:07:15,960 Speaker 1: two thousand and seventeen tax cuts during the pandemic. I 122 00:07:16,040 --> 00:07:18,400 Speaker 1: was struck by this reck. Take a listen on sound 123 00:07:18,400 --> 00:07:20,680 Speaker 1: on that with regards to Chair yelling saying they will 124 00:07:20,720 --> 00:07:25,840 Speaker 1: not repeal the seen tax cuts during the pandemic. Eventually 125 00:07:26,200 --> 00:07:32,440 Speaker 1: as part of a larger package that would include significant 126 00:07:32,560 --> 00:07:38,840 Speaker 1: spending and investment proposals, but not now while the pandemic 127 00:07:39,040 --> 00:07:43,120 Speaker 1: is really depressing the economy, that he would want to 128 00:07:43,160 --> 00:07:47,720 Speaker 1: repeal parts of the tweet seventeen tax cuts that benefited 129 00:07:47,760 --> 00:07:52,520 Speaker 1: the highest income Americans and large companies. So, I mean, 130 00:07:52,640 --> 00:07:54,280 Speaker 1: Rick Davis, there you have it right there. I mean, 131 00:07:54,320 --> 00:07:56,040 Speaker 1: they just said they're not going to get rid of 132 00:07:56,040 --> 00:07:58,720 Speaker 1: those of those tax cuts, which is I guess conservatives 133 00:07:58,720 --> 00:08:01,840 Speaker 1: would like that. Oh, it's the most asked question home 134 00:08:01,840 --> 00:08:03,680 Speaker 1: Wall Street today is when is he going to raise 135 00:08:03,680 --> 00:08:07,320 Speaker 1: our taxes? Um and and look people have a big 136 00:08:07,400 --> 00:08:11,440 Speaker 1: question mark there because in the vice presidential debate during 137 00:08:11,440 --> 00:08:16,440 Speaker 1: the campaign, uh now, Vice President Kamala Harris said day one, 138 00:08:16,520 --> 00:08:20,120 Speaker 1: we're gonna repeal those tax cuts for wealthy over four 139 00:08:20,400 --> 00:08:22,800 Speaker 1: you know who, having comes over four hundred thousand dollars 140 00:08:22,840 --> 00:08:25,720 Speaker 1: a year. So there's an expectation that they have a 141 00:08:25,760 --> 00:08:28,840 Speaker 1: desire to do it. Now, the question is, um, will 142 00:08:28,880 --> 00:08:32,480 Speaker 1: they listen to Janet Yellen and he'd her stage advice 143 00:08:32,640 --> 00:08:35,720 Speaker 1: on you know, not getting in the way of a recovery. So, 144 00:08:35,840 --> 00:08:38,520 Speaker 1: I mean when you hear Drew talk about the Republicans 145 00:08:38,559 --> 00:08:42,400 Speaker 1: not and wondering, you know, where is the concern Republicans 146 00:08:42,400 --> 00:08:45,440 Speaker 1: that I talked to for the national deficit? Are Are 147 00:08:45,480 --> 00:08:48,560 Speaker 1: they going to present a significant challenge to a Biden 148 00:08:48,600 --> 00:08:51,520 Speaker 1: administration in terms of all of this government spending And 149 00:08:51,520 --> 00:08:55,000 Speaker 1: how significant of a challenge can they actually be? I 150 00:08:55,040 --> 00:08:59,439 Speaker 1: don't think they'll go ahead. Sorry, they're going to provide 151 00:08:59,480 --> 00:09:03,520 Speaker 1: a significant challenge. I was significant. The second question you 152 00:09:03,600 --> 00:09:07,360 Speaker 1: asked is really the important one because when it comes 153 00:09:07,400 --> 00:09:11,840 Speaker 1: at least to tax measures and and certain deficit cutting measures, 154 00:09:12,120 --> 00:09:17,599 Speaker 1: Democrats can pass there through the Senate via reconciliation legislation, 155 00:09:18,000 --> 00:09:22,360 Speaker 1: which only needs a majority to get through. Now, I 156 00:09:22,400 --> 00:09:24,880 Speaker 1: think you can expect Democrats to be as creative as 157 00:09:24,920 --> 00:09:28,120 Speaker 1: possible in defining what can fit into a reconciliation bill. 158 00:09:28,520 --> 00:09:31,160 Speaker 1: But with the majority in the House and and Pelosi's 159 00:09:31,200 --> 00:09:35,079 Speaker 1: firm control, and with fifty one in the Senate, including 160 00:09:35,320 --> 00:09:39,960 Speaker 1: the Vice President, Democrats can do a lot in reconciliation. Now. Biden, 161 00:09:39,960 --> 00:09:43,640 Speaker 1: I think, has extended an olive branch. He's told Republicans 162 00:09:43,640 --> 00:09:49,320 Speaker 1: that on this first, this immediate rebuilding package relief package, 163 00:09:50,000 --> 00:09:52,319 Speaker 1: he wants ten Republican votes. He wants to pass in 164 00:09:52,400 --> 00:09:55,800 Speaker 1: regular order with sixty votes. We'll see if that happens. 165 00:09:56,120 --> 00:10:00,000 Speaker 1: But but Democrats may have a trump card here. Yeah, 166 00:10:00,000 --> 00:10:02,480 Speaker 1: go ahead. I was just gonna say, I mean, the 167 00:10:02,800 --> 00:10:06,400 Speaker 1: steam is out of Republicans on the Hill on deficits, 168 00:10:06,400 --> 00:10:10,160 Speaker 1: certainly in the near term. I can't imagine anybody's gonna 169 00:10:10,400 --> 00:10:12,720 Speaker 1: make a big fuss about them while you have this 170 00:10:12,840 --> 00:10:17,679 Speaker 1: kind of economic dislocation related to the COVID pandemic, and 171 00:10:17,679 --> 00:10:19,680 Speaker 1: and and by the way, it's been a while since 172 00:10:19,679 --> 00:10:22,040 Speaker 1: some of these Republicans spoke up on deficits. I mean, 173 00:10:22,120 --> 00:10:24,439 Speaker 1: they didn't complain when George W. Bush spent a lot 174 00:10:24,440 --> 00:10:27,360 Speaker 1: of money. They got their hands in the pot during uh, 175 00:10:27,400 --> 00:10:31,160 Speaker 1: you know, President Obama's tenure. Uh, and Donald Trump has 176 00:10:31,200 --> 00:10:33,640 Speaker 1: added more to the death than anyone president you know, 177 00:10:33,960 --> 00:10:37,600 Speaker 1: uh in history. So uh, they've got a little bit 178 00:10:37,640 --> 00:10:40,120 Speaker 1: of a cloud hanging over them before they can start 179 00:10:40,640 --> 00:10:43,600 Speaker 1: arguing about this, that all these things will become issues. 180 00:10:43,720 --> 00:10:48,240 Speaker 1: But I definitely think the approach that president like Biden has, 181 00:10:48,280 --> 00:10:50,200 Speaker 1: which is we've got to do this in order to 182 00:10:50,240 --> 00:10:54,079 Speaker 1: get beyond a pandemic with a country that can still 183 00:10:54,520 --> 00:10:58,280 Speaker 1: function economically, everyone's gonna buy into that. Coming up, we're 184 00:10:58,280 --> 00:11:01,719 Speaker 1: gonna check in with Congressman James Comber, who's a Republican 185 00:11:01,800 --> 00:11:06,080 Speaker 1: representing Kentucky's first congressional district and is also the ranking 186 00:11:06,480 --> 00:11:09,280 Speaker 1: member on so the top Republican on the House Government 187 00:11:09,559 --> 00:11:12,720 Speaker 1: and Oversight Reform Committee. We're gonna talk to him about 188 00:11:12,760 --> 00:11:15,560 Speaker 1: all of these concerns in terms of what's going on 189 00:11:15,720 --> 00:11:18,880 Speaker 1: with the deficits and and where Republicans really feel that 190 00:11:18,920 --> 00:11:22,160 Speaker 1: their party is headed. Now that the Biden administration is 191 00:11:22,720 --> 00:11:25,200 Speaker 1: going to be sworn in officially tomorrow, and remember we 192 00:11:25,240 --> 00:11:29,280 Speaker 1: will have special simulcast continuing coverage of President electoral Biden's 193 00:11:29,280 --> 00:11:33,240 Speaker 1: inauguration beginning tomorrow at eleven am New York Time. David 194 00:11:33,240 --> 00:11:36,600 Speaker 1: Weston will lead our team on that front um and 195 00:11:36,640 --> 00:11:39,280 Speaker 1: you can download the Bloomberg Sound On podcast on Apple iTunes, 196 00:11:39,280 --> 00:11:42,240 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 197 00:11:42,440 --> 00:11:44,680 Speaker 1: Rick Davis is gonna stay, Drew Littman is gonna stay. 198 00:11:44,720 --> 00:11:48,120 Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg TV and Radio, 199 00:11:48,400 --> 00:12:02,360 Speaker 1: and this is Bloomberg. You're listening to Bloomberg Sound On 200 00:12:02,480 --> 00:12:07,040 Speaker 1: with Kevin Shirley on Bloomberg Radio. I'm Kevin Curreali, chief 201 00:12:07,040 --> 00:12:10,839 Speaker 1: Washington correspondent for Bloomberg Television and from Bloomberg Radio, joined 202 00:12:10,840 --> 00:12:14,640 Speaker 1: by Bloomberg Politics contributor Vick Davis and Drew Littman. Of 203 00:12:14,800 --> 00:12:18,080 Speaker 1: a former chief of staff are Senator Al Franken. I mean, Drew, 204 00:12:18,120 --> 00:12:20,320 Speaker 1: I don't think we've spent enough attention on this in 205 00:12:20,360 --> 00:12:24,240 Speaker 1: the sense that Vice President elect Kamala Harris is going 206 00:12:24,280 --> 00:12:28,439 Speaker 1: to be breaking history tomorrow. Drew, Well, you know I 207 00:12:28,480 --> 00:12:31,559 Speaker 1: worked for her predecess of Barbara Boxer, so I want 208 00:12:31,600 --> 00:12:34,200 Speaker 1: to give Barbara her own shout out for making history. 209 00:12:34,400 --> 00:12:37,320 Speaker 1: When Boxer and Feinstein were elected to the Senate into 210 00:12:37,360 --> 00:12:41,120 Speaker 1: I was working for Boxer, there were only two incumbent 211 00:12:41,400 --> 00:12:45,160 Speaker 1: female senators and male senators. That was the saying year 212 00:12:45,200 --> 00:12:48,280 Speaker 1: that that Patty Murray got elected and Carol Moseley Braun. 213 00:12:49,120 --> 00:12:53,080 Speaker 1: I was expecting if you had told me by twenty 214 00:12:53,600 --> 00:12:55,599 Speaker 1: that we weren't gonna be at fifty fifty yet, I 215 00:12:55,600 --> 00:12:58,680 Speaker 1: would have laughed at you. But we really haven't gotten closed. 216 00:12:59,000 --> 00:13:02,240 Speaker 1: So Kamala Harris really is is a trail blazer in 217 00:13:02,280 --> 00:13:04,800 Speaker 1: all credits to her, but I would have expected a 218 00:13:04,840 --> 00:13:07,880 Speaker 1: lot more progress in the last thirty years. And I mean, 219 00:13:08,000 --> 00:13:10,959 Speaker 1: I know that people listening who are on opposite sides 220 00:13:10,960 --> 00:13:14,240 Speaker 1: of the aisle will not appreciate this, this bringing up. 221 00:13:14,280 --> 00:13:18,240 Speaker 1: But Sarah Palin also was the brosome history Rick Davis 222 00:13:18,240 --> 00:13:20,960 Speaker 1: on your ticket and two thousand and eight, Yeah, I 223 00:13:20,960 --> 00:13:23,000 Speaker 1: think it was just a matter of time that that 224 00:13:23,120 --> 00:13:26,360 Speaker 1: you would break this glass ceiling, either for vice president 225 00:13:26,400 --> 00:13:30,280 Speaker 1: or for president. Um. I'm totally agreement with Drew that 226 00:13:31,000 --> 00:13:33,200 Speaker 1: if anything, I would have expected more by now. I 227 00:13:33,240 --> 00:13:36,160 Speaker 1: would have um thought that by now we would have 228 00:13:36,200 --> 00:13:40,400 Speaker 1: elected a female president. And uh and and kudos though 229 00:13:40,480 --> 00:13:44,960 Speaker 1: to this ticket for being successful and at least cracking 230 00:13:45,000 --> 00:13:47,240 Speaker 1: some of that ceiling wide open. And you look at 231 00:13:47,280 --> 00:13:53,400 Speaker 1: the potential candidates in for the Republicans, and of course 232 00:13:53,440 --> 00:13:56,880 Speaker 1: everyone's talking about Nicki Haley, and so it really seems 233 00:13:56,880 --> 00:14:00,000 Speaker 1: that there has been a significant sea change, though ultimately 234 00:14:00,280 --> 00:14:04,120 Speaker 1: the highest class ceiling has not yet been been broken. 235 00:14:04,559 --> 00:14:08,600 Speaker 1: President Electjoe Biden gave an address to Delawareans in Newcastle 236 00:14:08,800 --> 00:14:13,520 Speaker 1: just before he left for Washington earlier today. Uh, and 237 00:14:13,559 --> 00:14:15,680 Speaker 1: now he's got, of course, headed to d c for 238 00:14:15,679 --> 00:14:17,720 Speaker 1: for the inauguration. I want to play for this because 239 00:14:17,720 --> 00:14:19,760 Speaker 1: I've got sound on this. And it was, as he 240 00:14:19,800 --> 00:14:21,920 Speaker 1: put it, kind of an emotional moment for him, and 241 00:14:21,960 --> 00:14:24,240 Speaker 1: he wiped away tears from his eyes. And I don't 242 00:14:24,240 --> 00:14:26,040 Speaker 1: know if everyone saw this play out on social or 243 00:14:26,080 --> 00:14:28,960 Speaker 1: even on different screens, but you can hear it in 244 00:14:29,000 --> 00:14:31,960 Speaker 1: his voice, and the sound on this is really compelling. 245 00:14:32,040 --> 00:14:37,200 Speaker 1: Take a lesson. It's deeply personal. At our next journey 246 00:14:37,280 --> 00:14:43,920 Speaker 1: to Washington starts here, a place that defines the very 247 00:14:44,040 --> 00:14:48,080 Speaker 1: best of who we are as Americans. I know the 248 00:14:48,240 --> 00:14:51,960 Speaker 1: I know these are dark times, but there's always light. 249 00:14:52,800 --> 00:14:55,120 Speaker 1: And he went on to say He went on to 250 00:14:55,200 --> 00:14:59,600 Speaker 1: talk about his own career and tied it to his family. 251 00:14:59,680 --> 00:15:02,760 Speaker 1: Here he is with that twelve years ago, as waiting 252 00:15:03,120 --> 00:15:06,560 Speaker 1: at the train station in Wilmington's for a black man 253 00:15:06,680 --> 00:15:10,400 Speaker 1: to pick me up on our way to Washington, where 254 00:15:10,440 --> 00:15:14,560 Speaker 1: we were sworn in as President and Vice President of 255 00:15:14,600 --> 00:15:19,040 Speaker 1: the United States of America. And here we are today, 256 00:15:19,720 --> 00:15:22,160 Speaker 1: my family and I are about to return to Washington 257 00:15:23,160 --> 00:15:27,200 Speaker 1: to meet a black woman South Asian descent to be 258 00:15:27,280 --> 00:15:31,080 Speaker 1: sworn in as President and vice President of the United States. 259 00:15:31,320 --> 00:15:33,440 Speaker 1: Drew Litman, I mean, you hear it there in terms 260 00:15:33,520 --> 00:15:37,160 Speaker 1: of how President elect Biden is speaking about the magnitude 261 00:15:37,160 --> 00:15:39,280 Speaker 1: at the moment. But I'm hard pressed to find an 262 00:15:39,320 --> 00:15:44,320 Speaker 1: incoming administration in my lifetime where uh with this dire 263 00:15:44,560 --> 00:15:47,320 Speaker 1: of a situation in terms of the severity of the 264 00:15:47,360 --> 00:15:50,400 Speaker 1: pandemic and the and the the economy being what it is, 265 00:15:50,440 --> 00:15:55,600 Speaker 1: so incredibly inequal you get. I mean, the closest analogy 266 00:15:55,880 --> 00:15:58,120 Speaker 1: not in any of our lifetimes is probably Frank and 267 00:15:58,200 --> 00:16:02,320 Speaker 1: Rosel taken off during the Depression. Biden's got a lot 268 00:16:02,360 --> 00:16:04,320 Speaker 1: of challenges ahead of him, but I think one thing 269 00:16:04,320 --> 00:16:08,200 Speaker 1: I take comfort from my Democratic and Republican colleagues do 270 00:16:08,320 --> 00:16:11,359 Speaker 1: as well, is that he has put a very experienced, 271 00:16:11,640 --> 00:16:15,200 Speaker 1: very highly qualified team on the field. Nobody disputes that 272 00:16:15,320 --> 00:16:18,240 Speaker 1: you might disagree with some of these people ideologically or 273 00:16:18,280 --> 00:16:21,280 Speaker 1: around the edges a little bit. But man, he really 274 00:16:21,320 --> 00:16:25,280 Speaker 1: has a good group of people assembled. And I find 275 00:16:25,280 --> 00:16:27,720 Speaker 1: this because as all of this was happening back here 276 00:16:27,760 --> 00:16:30,720 Speaker 1: in Washington, d C. In my neck of the woods, 277 00:16:30,840 --> 00:16:32,680 Speaker 1: I mean, the talk of the town was Senate Majority 278 00:16:32,720 --> 00:16:37,160 Speaker 1: Leader Mitch McConnell. I mean, he really laid into President 279 00:16:37,160 --> 00:16:39,560 Speaker 1: Trump on the Senate floor in words that I had 280 00:16:39,560 --> 00:16:44,080 Speaker 1: not seen from the leader's office in years. And I've 281 00:16:44,080 --> 00:16:46,720 Speaker 1: got sound on this and and take a listen, Uh, 282 00:16:47,040 --> 00:16:49,320 Speaker 1: take a listen to what to what Leader McConnell said 283 00:16:49,360 --> 00:16:51,920 Speaker 1: on the Senate floor earlier today, the last time the 284 00:16:51,960 --> 00:16:56,160 Speaker 1: Senate conveyed, we had just reclaimed the capital from violent 285 00:16:56,280 --> 00:17:00,160 Speaker 1: criminals who tried to stop Congress from doing our do. 286 00:17:01,600 --> 00:17:05,960 Speaker 1: The mob was fed live, they were provoked by the 287 00:17:06,040 --> 00:17:10,479 Speaker 1: President and other powerful people. I mean, you hear it 288 00:17:10,560 --> 00:17:14,239 Speaker 1: right there, Rick Davis. He is not pulling back in 289 00:17:14,320 --> 00:17:21,800 Speaker 1: terms of his blame against President Trump. No, it's the unleashed, unfettered, unfettered. Uh. 290 00:17:21,920 --> 00:17:25,840 Speaker 1: Mitch McConnell on his last day as Majority leader, and uh, 291 00:17:25,920 --> 00:17:29,880 Speaker 1: and he's decided to speak his mind. It was really refreshing. Actually, 292 00:17:29,920 --> 00:17:32,639 Speaker 1: he declared what everybody else knows and has seen with 293 00:17:32,680 --> 00:17:36,600 Speaker 1: their own eyes and listened to um. But to hear 294 00:17:36,680 --> 00:17:40,200 Speaker 1: him say that a person who is enabled h Donald 295 00:17:40,200 --> 00:17:43,480 Speaker 1: Trump's takeover of the federal court system and the Supreme 296 00:17:43,480 --> 00:17:46,919 Speaker 1: Court is got to be a shock to most of 297 00:17:46,960 --> 00:17:49,280 Speaker 1: the Republican colleagues. He has in a Senate and I 298 00:17:49,280 --> 00:17:52,000 Speaker 1: think a real signal that we're gonna have a real 299 00:17:52,080 --> 00:17:55,160 Speaker 1: impeachment trial coming up here. Well. And and also he's 300 00:17:55,160 --> 00:17:57,040 Speaker 1: he's not saying how he's going to vote, but you 301 00:17:57,160 --> 00:18:01,080 Speaker 1: hear that, and it's it's really really it's it's you're 302 00:18:01,160 --> 00:18:03,080 Speaker 1: hard pressed to say, Okay, anyone who listens to that 303 00:18:03,160 --> 00:18:05,400 Speaker 1: clip that he's not leaning in the direction of voting 304 00:18:05,400 --> 00:18:08,000 Speaker 1: to convict right recommen. You know this. I think it's 305 00:18:08,040 --> 00:18:11,040 Speaker 1: clear that where his head is. And he's even made 306 00:18:11,119 --> 00:18:15,159 Speaker 1: that statement last week that, um, he sees Donald Trump 307 00:18:15,200 --> 00:18:18,560 Speaker 1: as being responsible for what happened at the Capitol. Uh, 308 00:18:18,640 --> 00:18:23,480 Speaker 1: it falls into the impeachment claim of incitement of insurrection. 309 00:18:24,000 --> 00:18:26,560 Speaker 1: And yet he's withholding how he's going to vote on that. 310 00:18:26,680 --> 00:18:29,920 Speaker 1: I think it's gonna make a lot of Republicans, sit 311 00:18:30,000 --> 00:18:32,520 Speaker 1: up and listen to what he's saying. All right, we'll 312 00:18:32,520 --> 00:18:34,560 Speaker 1: coming up. We're gonna check in with one of those Republicans, 313 00:18:34,640 --> 00:18:38,560 Speaker 1: Congressman James Comer. Uh, he's a Republican from Kentucky's first 314 00:18:38,560 --> 00:18:41,639 Speaker 1: congressional district. Panel stays, I'm Kevin Sireli. This is Bloomberg. 315 00:18:48,640 --> 00:18:51,200 Speaker 1: My name is Kevin Cerelian, the chief Washington correspondent for 316 00:18:51,240 --> 00:18:55,280 Speaker 1: Bloomberg Television and from Bloomberg Radio. Uh. Rick Davis is 317 00:18:55,280 --> 00:18:57,879 Speaker 1: with me, Bloomberg Politics contributor, Rick, what's the word that 318 00:18:57,920 --> 00:19:00,000 Speaker 1: comes to mind when you think of the Trump administration 319 00:19:00,000 --> 00:19:04,400 Speaker 1: ation's tenure? Um, I would have to say, is I'm 320 00:19:04,480 --> 00:19:09,240 Speaker 1: the word unpredictable. Unpredictable any given day you were going 321 00:19:09,280 --> 00:19:11,800 Speaker 1: to get something that you would not expect. I'm gonna 322 00:19:11,880 --> 00:19:15,160 Speaker 1: go with sleepless. I don't think I slept a lot 323 00:19:15,280 --> 00:19:17,360 Speaker 1: in the last five and a half years since while 324 00:19:17,440 --> 00:19:19,879 Speaker 1: covering him joining me on the What's when when you 325 00:19:20,000 --> 00:19:21,840 Speaker 1: when you have tweets coming out at two o'clock in 326 00:19:21,840 --> 00:19:23,480 Speaker 1: the morning all the time, you know you're not gonna 327 00:19:23,480 --> 00:19:25,440 Speaker 1: get any sleep. You know, that's where living in Asia 328 00:19:25,520 --> 00:19:27,320 Speaker 1: might be a benefit, because they were in a different 329 00:19:27,359 --> 00:19:29,520 Speaker 1: time zone, so then they could just you know, readjust 330 00:19:29,600 --> 00:19:33,520 Speaker 1: and recalibrate their afternoons. Congressman James Comer's with me. He 331 00:19:33,720 --> 00:19:38,280 Speaker 1: is a Republican representing Kentucky's first congressional district. Congressman, great 332 00:19:38,320 --> 00:19:40,000 Speaker 1: to have you on. What's the word that comes to 333 00:19:40,040 --> 00:19:45,240 Speaker 1: mind to describe President Trump's tenure disruptive And he was 334 00:19:45,280 --> 00:19:48,800 Speaker 1: elected to be a disruptor, and I think he achieved 335 00:19:48,920 --> 00:19:52,160 Speaker 1: his goal of disrupting and you know, at least trying 336 00:19:52,200 --> 00:19:54,400 Speaker 1: to drain the swamp. All right, let's take a listen 337 00:19:54,440 --> 00:19:56,320 Speaker 1: to what President Trump had to say earlier today in 338 00:19:56,359 --> 00:19:58,920 Speaker 1: a video message that was released. Heerious, I've got sound 339 00:19:58,960 --> 00:20:02,119 Speaker 1: on it. As I conclude my term as the forty 340 00:20:02,200 --> 00:20:05,960 Speaker 1: five president of the United States, I stand before you 341 00:20:06,080 --> 00:20:09,320 Speaker 1: truly proud of what we have achieved together. He went 342 00:20:09,359 --> 00:20:11,840 Speaker 1: on to say that he accomplished exactly what he set 343 00:20:11,840 --> 00:20:13,720 Speaker 1: out to do. We've got sound on that as well. 344 00:20:14,200 --> 00:20:18,399 Speaker 1: We did what we came here to do, and so 345 00:20:18,800 --> 00:20:24,840 Speaker 1: much more. This week we inaugurate a new administration and 346 00:20:24,920 --> 00:20:30,080 Speaker 1: pray for its success in keeping America safe and prosperous. Congressman, 347 00:20:30,080 --> 00:20:34,000 Speaker 1: now you look ahead, A Biden administration. Yellen was testifying 348 00:20:34,040 --> 00:20:37,400 Speaker 1: on the Hill earlier today. Are you concerned about how 349 00:20:37,520 --> 00:20:40,399 Speaker 1: Republicans are going to be able to work with a 350 00:20:40,480 --> 00:20:45,479 Speaker 1: Biden administration on some economic issues? I am concerned. I mean, 351 00:20:45,640 --> 00:20:47,600 Speaker 1: all you have to do is go back to the 352 00:20:47,680 --> 00:20:50,320 Speaker 1: Obama playbook. And I think a lot of the policies 353 00:20:50,359 --> 00:20:53,880 Speaker 1: from the Obama Biden administration hurt our economy. I think 354 00:20:54,000 --> 00:20:56,880 Speaker 1: they held the private sector back. And when you hear 355 00:20:56,920 --> 00:21:00,199 Speaker 1: about one of the first acts he's gonna do is 356 00:21:00,560 --> 00:21:04,159 Speaker 1: canceled the Keystone Pipeline. That's something that's very important to 357 00:21:04,200 --> 00:21:08,320 Speaker 1: Republicans to lead to our energy independence. It's important to workers, 358 00:21:08,320 --> 00:21:11,199 Speaker 1: and those were gonna be union jobs building that pipeline. 359 00:21:11,760 --> 00:21:14,160 Speaker 1: You see that he's going to rejoin the Paris Agreement 360 00:21:14,200 --> 00:21:18,240 Speaker 1: and he's talking about major amnesty. So these are huge 361 00:21:18,280 --> 00:21:23,520 Speaker 1: issues that Republicans are adamantly opposed to and not the 362 00:21:23,600 --> 00:21:26,560 Speaker 1: kind of issues you would expect a president who talks 363 00:21:26,560 --> 00:21:31,000 Speaker 1: about unity to start to start his administration with. So 364 00:21:31,240 --> 00:21:34,359 Speaker 1: how do you forge ahead at a time in which 365 00:21:34,480 --> 00:21:37,480 Speaker 1: everyone is saying they want there to be more by partisanship, 366 00:21:37,920 --> 00:21:44,000 Speaker 1: but when you have clear, clear ideological policy differences. Well, 367 00:21:44,040 --> 00:21:48,160 Speaker 1: I wish that the president elect would begin with issues 368 00:21:48,240 --> 00:21:53,400 Speaker 1: where there is compromise, issues like infrastructure. When we talk 369 00:21:53,440 --> 00:21:57,320 Speaker 1: about infrastructure, we talk about rhoades, bridges, rural broad brand, 370 00:21:58,680 --> 00:22:01,960 Speaker 1: huge areas where Publicans and Democrats can come together. And 371 00:22:02,000 --> 00:22:06,200 Speaker 1: I think that if President Trump had started with infrastructure 372 00:22:06,240 --> 00:22:09,520 Speaker 1: instead of healthcare, I think that the first two years 373 00:22:09,520 --> 00:22:11,720 Speaker 1: of his presidency would have been a lot smoother. And 374 00:22:12,119 --> 00:22:14,360 Speaker 1: who knows, we may have held on to the majority 375 00:22:14,880 --> 00:22:19,840 Speaker 1: in the House, but clearly Biden wants to start off 376 00:22:19,840 --> 00:22:23,600 Speaker 1: with divisive issues. And you know they have a majority 377 00:22:23,680 --> 00:22:25,800 Speaker 1: in the House, the slim majority in the House, and 378 00:22:26,400 --> 00:22:29,159 Speaker 1: I guess, by virtue of a tiebreaker, a majority in 379 00:22:29,160 --> 00:22:31,720 Speaker 1: the Senate. But I don't think their margins are big 380 00:22:31,800 --> 00:22:34,800 Speaker 1: enough to do a lot of the liberal radical agenda 381 00:22:35,320 --> 00:22:40,080 Speaker 1: that a lot of the Democrat progressives are expecting Biden 382 00:22:40,119 --> 00:22:43,600 Speaker 1: to do. How did you balance Congressman James Coohmer, Republican 383 00:22:43,640 --> 00:22:47,440 Speaker 1: from Kentucky's first congressional district, the need for infrastructure, which 384 00:22:47,440 --> 00:22:49,840 Speaker 1: I hear you on, especially the digital infrastructure five G 385 00:22:50,359 --> 00:22:52,520 Speaker 1: five G. Everybody wants to talk about five G. But 386 00:22:53,040 --> 00:22:55,720 Speaker 1: how do you balance that with too much government spending 387 00:22:56,040 --> 00:22:58,520 Speaker 1: and the national debt you know, I mean, there's a 388 00:22:58,560 --> 00:23:02,000 Speaker 1: lot of concern about that. I'm concerned about the dead 389 00:23:02,040 --> 00:23:06,840 Speaker 1: I think that's an area where we've failed as a Congress. 390 00:23:06,840 --> 00:23:08,520 Speaker 1: I've been in Congress four years, but if you go 391 00:23:08,600 --> 00:23:11,800 Speaker 1: back to the last ten years, it's just been an 392 00:23:11,880 --> 00:23:14,439 Speaker 1: abysmal failure. And I blame both parties for that. But 393 00:23:14,600 --> 00:23:19,240 Speaker 1: looking forward, when you talk about the need for stimulus, 394 00:23:19,280 --> 00:23:22,720 Speaker 1: and we cannot continue to print money, we cannot continue 395 00:23:22,760 --> 00:23:27,199 Speaker 1: to have government handout. But when you look at the 396 00:23:27,359 --> 00:23:31,560 Speaker 1: need to have stimulus and the need to create jobs, 397 00:23:32,920 --> 00:23:36,320 Speaker 1: why can't we invest in things that that will last 398 00:23:36,320 --> 00:23:39,600 Speaker 1: a long time? Infrastructure And I think that an infrastructure 399 00:23:39,640 --> 00:23:44,639 Speaker 1: built could accomplish two goals, not only rebuild our trumbling infrastructure, 400 00:23:44,680 --> 00:23:49,160 Speaker 1: but also create economic stimulus. And that's something that certainly 401 00:23:49,600 --> 00:23:54,120 Speaker 1: would be achievable. When you talk about biden stimulus plan 402 00:23:54,280 --> 00:23:59,880 Speaker 1: of eliminating student loan debt and creating a new viewer 403 00:24:00,040 --> 00:24:08,040 Speaker 1: oocracies to try to social discrepancies in America, that's not 404 00:24:08,400 --> 00:24:11,640 Speaker 1: real stimulus. And and with the spending spree that Congress 405 00:24:11,640 --> 00:24:14,960 Speaker 1: has been on for the last decade, it's not attainable. 406 00:24:15,400 --> 00:24:18,520 Speaker 1: Congressman comber this Rick Davis, Thanks for being on and 407 00:24:18,640 --> 00:24:22,199 Speaker 1: you talk about infrastructure just reminds me of those weeks 408 00:24:22,240 --> 00:24:24,800 Speaker 1: we would wait for that, Oh, this is the infrastructure 409 00:24:24,880 --> 00:24:26,879 Speaker 1: rollout week. Oh no, it's gonna be next week now, 410 00:24:26,920 --> 00:24:31,760 Speaker 1: And it was, it was, it almost became a meme. Um. 411 00:24:31,760 --> 00:24:35,399 Speaker 1: But similar to what Kevin was talking about on five G. 412 00:24:36,320 --> 00:24:40,399 Speaker 1: You've remarked a couple of times about, uh, you know, 413 00:24:40,920 --> 00:24:44,560 Speaker 1: sort of where policy is being made by industry, and 414 00:24:44,600 --> 00:24:48,479 Speaker 1: that is, uh, the tech companies basically shutting down Donald 415 00:24:48,520 --> 00:24:53,720 Speaker 1: Trump on backlash over his comments and activities around the 416 00:24:53,760 --> 00:24:57,480 Speaker 1: attack on the Capitol. And and that's obviously going to 417 00:24:57,560 --> 00:25:00,440 Speaker 1: present itself as a big public policy issue. You and 418 00:25:00,600 --> 00:25:03,200 Speaker 1: this is a case where industry took action and now 419 00:25:03,320 --> 00:25:06,560 Speaker 1: government's gonna have to determine where the parameters are. And 420 00:25:06,600 --> 00:25:08,879 Speaker 1: what's your sense of when that's going to come up 421 00:25:08,880 --> 00:25:11,680 Speaker 1: in this Congress? Well, I think it's going to be 422 00:25:11,720 --> 00:25:16,040 Speaker 1: a priority for Republicans when you talk about repealing section 423 00:25:16,480 --> 00:25:20,479 Speaker 1: to thirty. That's obviously something that the President desperately wanted, 424 00:25:21,040 --> 00:25:24,520 Speaker 1: the main reason he vetoed the NDAA bill. But I 425 00:25:24,520 --> 00:25:26,600 Speaker 1: think it's something that the Democrats are gonna want to 426 00:25:26,640 --> 00:25:31,240 Speaker 1: look into too, because before, before Donald Trump had his 427 00:25:31,440 --> 00:25:35,240 Speaker 1: feud with Twitter and Facebook over censorship and when they 428 00:25:35,280 --> 00:25:41,760 Speaker 1: refused to allow the Underbiden story to be on their platform. 429 00:25:41,960 --> 00:25:44,800 Speaker 1: Democrats were the ones that had problems with big tech 430 00:25:44,880 --> 00:25:50,240 Speaker 1: because in general Democrats don't like those big tech companies. 431 00:25:50,240 --> 00:25:53,560 Speaker 1: They feel like they have monopolies. They're big, profitable companies, 432 00:25:54,040 --> 00:25:57,119 Speaker 1: and you've always had people like Elizabeth Warren wanting to 433 00:25:57,280 --> 00:26:00,920 Speaker 1: bust Facebook up and used a lot of these big 434 00:26:00,960 --> 00:26:03,720 Speaker 1: tech companies up. So I think that the big tech 435 00:26:03,760 --> 00:26:06,879 Speaker 1: companies are going to be in for quite a surprise 436 00:26:07,040 --> 00:26:10,520 Speaker 1: when you've clearly got a divide into America' clearly got 437 00:26:10,640 --> 00:26:13,040 Speaker 1: a bling both parties. But then when it comes to 438 00:26:13,080 --> 00:26:15,520 Speaker 1: big tech, I think you can see both parties coming 439 00:26:15,520 --> 00:26:18,720 Speaker 1: together to make major before our Congressman James Comer, I 440 00:26:18,720 --> 00:26:20,760 Speaker 1: gotta leave it there. Thanks so much, sir for your time. 441 00:26:21,080 --> 00:26:23,800 Speaker 1: Catch up with you soon. He's a Republican representing Kentucky's 442 00:26:23,800 --> 00:26:28,760 Speaker 1: first congressional district, Western Kentucky, not Loisville. I love Loisville though. 443 00:26:28,920 --> 00:26:44,399 Speaker 1: I'm Kevin CEREALI this is Bloomberg. This is Bloomberg Sound 444 00:26:44,440 --> 00:26:49,040 Speaker 1: On with Kevin Surreley on Bloomberg Radio. My name is 445 00:26:49,080 --> 00:26:52,880 Speaker 1: Kevin Cereli. I'm the chief Washington correspondent for Bloomberg Television 446 00:26:52,960 --> 00:26:58,159 Speaker 1: and for Bloomberg Radio. Just moments ago, President elect Joe Biden, 447 00:26:58,280 --> 00:27:02,199 Speaker 1: Vice President elect Kamala har Rists in their respective spouses 448 00:27:02,760 --> 00:27:07,000 Speaker 1: were at the steps of the Lincoln Memorial honoring in 449 00:27:07,000 --> 00:27:10,240 Speaker 1: a moment of silence, those who have lost their lives 450 00:27:10,280 --> 00:27:16,280 Speaker 1: to COVID nineteen, overlooking a candlelight National Mall, a secluded 451 00:27:16,320 --> 00:27:20,959 Speaker 1: now national mall, fenced in and if you've never been 452 00:27:21,000 --> 00:27:23,199 Speaker 1: to Washington, at the steps of the Lincoln Memorial, it 453 00:27:23,240 --> 00:27:27,440 Speaker 1: overlooks the Reflection Pool, which then leads to the Washington Monument, 454 00:27:27,440 --> 00:27:31,240 Speaker 1: which is a larger bliss at the center point between 455 00:27:31,480 --> 00:27:34,639 Speaker 1: Lincoln and the Capitol Building. Of course, the Capitol Building 456 00:27:35,160 --> 00:27:40,639 Speaker 1: the scene of the attack on the Capitol just some 457 00:27:40,760 --> 00:27:46,480 Speaker 1: days ago. So a really remarkable, remarkable scene, a profound statement, 458 00:27:46,560 --> 00:27:49,480 Speaker 1: so to speak. That is setting the tone for tomorrow's 459 00:27:49,480 --> 00:27:53,600 Speaker 1: inauguration coverage, which will begin at eleven am Eastern time. 460 00:27:53,600 --> 00:27:57,720 Speaker 1: And remember you can listen catch watch all of the 461 00:27:58,800 --> 00:28:02,920 Speaker 1: inauguration coverage JHN Bloomberg Radio as well as Bloomberg Television. 462 00:28:02,920 --> 00:28:05,200 Speaker 1: Our David Weston is going to be leading the team 463 00:28:05,240 --> 00:28:07,919 Speaker 1: coverage on that front. Here with me now Bloomberg Politics 464 00:28:07,960 --> 00:28:11,320 Speaker 1: contributor Rick Davis and Drew Littman, policy director at Brownstein 465 00:28:11,359 --> 00:28:15,320 Speaker 1: Hyatt Farber, and Check Shrek, former chief of staff for 466 00:28:15,440 --> 00:28:18,320 Speaker 1: Senator Al Franken and a former policy director for Senator 467 00:28:18,800 --> 00:28:22,480 Speaker 1: Barbara Boxer. Drew, you know, we were talking about McConnell earlier, 468 00:28:22,920 --> 00:28:25,600 Speaker 1: but I mean, did you hear Chuck Schumer, the Minority 469 00:28:25,720 --> 00:28:28,040 Speaker 1: leader soon to be Majority leader, Chuck Schumer. I've got 470 00:28:28,040 --> 00:28:30,320 Speaker 1: sund on what he had to say earlier. Today, I 471 00:28:30,320 --> 00:28:31,400 Speaker 1: want to play it and then I want to get 472 00:28:31,400 --> 00:28:33,920 Speaker 1: your reaction. Here is, we got three things we gotta 473 00:28:33,960 --> 00:28:43,200 Speaker 1: do do quickly. Impeachment nominations, COVID kind of move more fast. 474 00:28:43,960 --> 00:28:45,680 Speaker 1: I mean, there you have it right there, Drew. That's 475 00:28:45,680 --> 00:28:48,920 Speaker 1: on the agenda for for the Dems. Yeah. You know, 476 00:28:49,560 --> 00:28:52,600 Speaker 1: Kevin strikes me right now, is that at this point 477 00:28:53,360 --> 00:28:56,000 Speaker 1: in the Barack Obama presidency, or just before the Barack 478 00:28:56,040 --> 00:28:59,920 Speaker 1: Obama presidency, in his first second office, he had had 479 00:29:00,040 --> 00:29:03,440 Speaker 1: the cabinet secretary is confirmed just to hold over Defense 480 00:29:03,440 --> 00:29:09,840 Speaker 1: Secretary from the Bush administration. Bob Gates, it's not to 481 00:29:09,840 --> 00:29:13,160 Speaker 1: have bare having a secretary. And you know some of 482 00:29:13,160 --> 00:29:14,960 Speaker 1: it can wait, some of it doesn't have to be 483 00:29:14,960 --> 00:29:17,400 Speaker 1: done right away, but it's certainly like your national security 484 00:29:17,440 --> 00:29:20,800 Speaker 1: team in place UM, and it looks like the Secretary, 485 00:29:21,040 --> 00:29:24,320 Speaker 1: the Secretary State nominee or designate Tony Blanket isn't going 486 00:29:24,360 --> 00:29:28,040 Speaker 1: to get a vote this week. Senator Josh Howley is 487 00:29:28,200 --> 00:29:33,400 Speaker 1: blocking out my archists the Department Homeland Security nominee, So 488 00:29:33,480 --> 00:29:35,520 Speaker 1: Biden is really not even gonna have a semblance of 489 00:29:35,560 --> 00:29:38,479 Speaker 1: the team. Now He's surrounded by experienced aids, but you 490 00:29:38,520 --> 00:29:42,560 Speaker 1: really want to see these people in their jobs, studding policy, 491 00:29:43,000 --> 00:29:47,840 Speaker 1: hiring people advising the president, and Biden's sort of hamstrung 492 00:29:47,960 --> 00:29:51,320 Speaker 1: this first week. It's it's really interesting And just as 493 00:29:51,360 --> 00:29:55,040 Speaker 1: I was, just as you were finishing that thought, headline 494 00:29:55,080 --> 00:29:57,840 Speaker 1: crossed on my Bloomberg terminal Tony Blinken, who of course 495 00:29:58,080 --> 00:30:02,200 Speaker 1: is UM is nominated to be Secretary of State. He 496 00:30:02,240 --> 00:30:04,480 Speaker 1: says that the United States is still a quote long 497 00:30:04,520 --> 00:30:07,600 Speaker 1: way end quote from a stronger Iran deal, which seems 498 00:30:07,640 --> 00:30:12,160 Speaker 1: to suggest that they will have much longer negotiations Rick 499 00:30:12,240 --> 00:30:14,640 Speaker 1: Davis in terms of the Iran nuclear disarmament deal. But 500 00:30:14,720 --> 00:30:17,600 Speaker 1: that's a key difference amongst Republicans and Democrats. Oh, it's 501 00:30:17,600 --> 00:30:20,760 Speaker 1: a key difference, but it is a embodiment of what 502 00:30:20,840 --> 00:30:22,840 Speaker 1: Drew is talking about. I mean, you know, these guys 503 00:30:22,840 --> 00:30:25,080 Speaker 1: are gonna take office, are going to act as Secretary 504 00:30:25,080 --> 00:30:29,280 Speaker 1: of State, Secretary tan Treasury, Defense, but they're not going 505 00:30:29,320 --> 00:30:32,680 Speaker 1: to have the statutory power of being confirmed in those jobs. 506 00:30:32,760 --> 00:30:35,479 Speaker 1: And those those issues aren't waiting for that, all right, 507 00:30:35,480 --> 00:30:38,520 Speaker 1: They're gonna hit him right in the face day one. Uh. 508 00:30:38,560 --> 00:30:40,960 Speaker 1: And so it will be interesting to see how this 509 00:30:41,000 --> 00:30:45,120 Speaker 1: administration tries to move into these arenas while they're getting 510 00:30:45,160 --> 00:30:48,520 Speaker 1: their teams in place. And and we know that it's 511 00:30:48,560 --> 00:30:52,840 Speaker 1: one of the legacy items from the Obama Biden term 512 00:30:52,880 --> 00:30:55,520 Speaker 1: of office, this deal with Iran. And and you can't 513 00:30:55,600 --> 00:30:59,280 Speaker 1: let Iran go forward with developing a nuclear program, so 514 00:30:59,480 --> 00:31:01,920 Speaker 1: you know, you gotta do something about it. Uh. And 515 00:31:02,040 --> 00:31:04,400 Speaker 1: so obviously that's going to be one of the big 516 00:31:04,440 --> 00:31:07,600 Speaker 1: foreign policy challenges. But you know, get in line China, 517 00:31:07,800 --> 00:31:10,800 Speaker 1: North Korea, Russia. I mean, let's go on and on. 518 00:31:12,200 --> 00:31:14,280 Speaker 1: It's you're right, I mean. And and just in terms 519 00:31:14,360 --> 00:31:18,600 Speaker 1: of where I think the geopolitical nature of this good 520 00:31:18,600 --> 00:31:22,200 Speaker 1: head is with North Korea, as I've said frequently, typically 521 00:31:22,200 --> 00:31:25,240 Speaker 1: they test anytime there's an American transition of power. So 522 00:31:25,360 --> 00:31:28,280 Speaker 1: we'll be interesting to see what they have to whether 523 00:31:28,400 --> 00:31:30,960 Speaker 1: or not they try to rock the boat at all 524 00:31:31,240 --> 00:31:35,320 Speaker 1: in this transition. UH. We should note President elect Biden 525 00:31:35,440 --> 00:31:37,959 Speaker 1: and his wife, Dr Jill Biden. They are now inside 526 00:31:38,000 --> 00:31:41,160 Speaker 1: of the Blair House, which of course is the historic 527 00:31:41,640 --> 00:31:45,320 Speaker 1: UM facility across the street from the White House, where 528 00:31:45,360 --> 00:31:50,280 Speaker 1: an incoming administration stays ahead of UH the night before 529 00:31:50,320 --> 00:31:53,880 Speaker 1: they become a president of the United States. So, I mean, wow, 530 00:31:53,920 --> 00:31:55,760 Speaker 1: I mean, Rick, just the history of this moment, the 531 00:31:55,760 --> 00:31:58,560 Speaker 1: magnitude of this moment. You think of just Washington, d 532 00:31:58,640 --> 00:32:03,080 Speaker 1: cue is here a totally totally different city. I can't 533 00:32:03,080 --> 00:32:05,760 Speaker 1: stress that enough. Just living here for the past nearly 534 00:32:05,800 --> 00:32:09,200 Speaker 1: decade and in the vicinity and living downtown in Washington, 535 00:32:09,360 --> 00:32:13,000 Speaker 1: it is I don't recognize the city. I mean. But 536 00:32:13,000 --> 00:32:16,200 Speaker 1: but even so, this peaceful transition of power is still occurring, 537 00:32:16,800 --> 00:32:21,200 Speaker 1: UM and the traditions, albeit different, are still taking place. 538 00:32:21,200 --> 00:32:24,680 Speaker 1: And now the Bidens are at Blairhouse. Kevin, I thought 539 00:32:24,680 --> 00:32:29,160 Speaker 1: your description of the Bidens going to the Lincoln Memorial 540 00:32:29,760 --> 00:32:33,840 Speaker 1: and UM and and having a moment there to uh 541 00:32:33,920 --> 00:32:38,840 Speaker 1: to UH pay their respects to the COVID victims. It's 542 00:32:38,880 --> 00:32:42,320 Speaker 1: just it brought back all these images of what presidents do. 543 00:32:42,560 --> 00:32:45,480 Speaker 1: And this is this is the moments leading up to 544 00:32:45,480 --> 00:32:48,520 Speaker 1: a presidency. I mean, people want to see their presidents 545 00:32:48,600 --> 00:32:51,640 Speaker 1: do these symbolic things. So much of the power of 546 00:32:51,680 --> 00:32:54,800 Speaker 1: that office are the moments you create that buying the 547 00:32:54,880 --> 00:32:58,600 Speaker 1: country together. Nobody will criticize a moment at the Lincoln 548 00:32:58,680 --> 00:33:02,040 Speaker 1: Memorial to spect those who have been affected by COVID 549 00:33:02,480 --> 00:33:05,239 Speaker 1: and and I think that's what we I think just 550 00:33:05,440 --> 00:33:09,800 Speaker 1: yearn for is that kind of symbolism and and and 551 00:33:09,920 --> 00:33:13,000 Speaker 1: pomp and circumstance of the office to give it back 552 00:33:13,080 --> 00:33:16,720 Speaker 1: the luster that it had before the Trump presidency. Who 553 00:33:16,920 --> 00:33:19,160 Speaker 1: you know, he could put on a good event, but 554 00:33:19,360 --> 00:33:23,400 Speaker 1: usually um uh, the messaging would be, you know, run 555 00:33:23,440 --> 00:33:26,920 Speaker 1: off the rails. And so I do think we're about 556 00:33:27,000 --> 00:33:30,400 Speaker 1: to enter a new era where we we see that 557 00:33:30,480 --> 00:33:34,120 Speaker 1: kind of symbolism coming back into the daily work of 558 00:33:34,160 --> 00:33:37,520 Speaker 1: the presidency. I think Drew Litman come in here because 559 00:33:37,600 --> 00:33:40,800 Speaker 1: it's it's it's almost Aaron Sorkin esque for lack of 560 00:33:40,840 --> 00:33:43,320 Speaker 1: a better word. But is the country craving that? I mean, 561 00:33:43,840 --> 00:33:47,560 Speaker 1: you know, to me, when Leader McConnell goes to St. 562 00:33:47,600 --> 00:33:51,080 Speaker 1: Matt's in downtown d C. My parish here in d 563 00:33:51,160 --> 00:33:55,000 Speaker 1: C tomorrow with President elect Joe Biden. And I shouldn't 564 00:33:55,000 --> 00:33:56,840 Speaker 1: call it my parish where I go. It's where I 565 00:33:56,880 --> 00:33:59,400 Speaker 1: should say my parish is back in DLKO. But I 566 00:33:59,400 --> 00:34:01,800 Speaker 1: mean that symbolism right there of a Republican and a 567 00:34:01,840 --> 00:34:06,320 Speaker 1: president elect going to mass together. That is light years 568 00:34:06,360 --> 00:34:10,600 Speaker 1: away from where we were two weeks ago. Drew Letman, Well, 569 00:34:10,640 --> 00:34:13,960 Speaker 1: I think with Joe Biden you get a return to normalcy. 570 00:34:14,160 --> 00:34:16,319 Speaker 1: But more than that, you get a return to a 571 00:34:16,400 --> 00:34:20,400 Speaker 1: certain kind of traditional behavior. And in Biden's behavior you 572 00:34:20,440 --> 00:34:22,520 Speaker 1: can see a little bit of the DNA of the 573 00:34:22,560 --> 00:34:26,640 Speaker 1: Clinton presidency and the Obama presidency, but also in his 574 00:34:26,719 --> 00:34:30,200 Speaker 1: relationships with people like Senator McCain. When Biden served in 575 00:34:30,200 --> 00:34:35,840 Speaker 1: the Senate, people who behave graciously, on all kinds of circumstances, 576 00:34:35,880 --> 00:34:39,520 Speaker 1: under all kinds of pressure, dealt grace graciously with people 577 00:34:39,560 --> 00:34:42,319 Speaker 1: they didn't necessarily like, people they certainly didn't agree with. 578 00:34:43,320 --> 00:34:46,319 Speaker 1: But Sautmsel is having a higher mission than being vindicated 579 00:34:46,360 --> 00:34:48,799 Speaker 1: on any one point, and that mission was with a 580 00:34:48,880 --> 00:34:51,600 Speaker 1: broader mission of public service. All right, what do you think? 581 00:34:51,800 --> 00:34:54,239 Speaker 1: What what is? I asked this question to uh, to 582 00:34:54,400 --> 00:34:56,400 Speaker 1: our other guests and Drew, you're not getting away with this. 583 00:34:56,880 --> 00:35:00,640 Speaker 1: What is the one word that that comes to mind 584 00:35:00,960 --> 00:35:06,279 Speaker 1: when you think of the Trump years discussed? All right? 585 00:35:06,640 --> 00:35:09,520 Speaker 1: I said, I said sleepless because I didn't do a 586 00:35:09,520 --> 00:35:13,799 Speaker 1: lot of sleeping during during the during the Trump administration 587 00:35:13,840 --> 00:35:18,040 Speaker 1: with all of the n M cover Congressman Comber, you know, 588 00:35:18,080 --> 00:35:24,279 Speaker 1: saying it was disruption the head. You know, That's why 589 00:35:24,520 --> 00:35:27,600 Speaker 1: I agree Congressman Comber won that little contest that we 590 00:35:27,640 --> 00:35:30,640 Speaker 1: did on Bloomberg Radio Sound on Christine Baratta, executive producer. 591 00:35:30,680 --> 00:35:34,880 Speaker 1: What's the prize coffee? I mean, who knows? Um? All right, 592 00:35:34,880 --> 00:35:36,319 Speaker 1: we got a couple of minutes left here. What are 593 00:35:36,320 --> 00:35:38,840 Speaker 1: you gonna be looking for? And Vice President Elect Kamala 594 00:35:38,880 --> 00:35:43,640 Speaker 1: Harris's remarks tomorrow. First, I'll start with Drew. Um, I 595 00:35:43,680 --> 00:35:47,920 Speaker 1: think a sense of history in terms of risk. I 596 00:35:47,920 --> 00:35:51,759 Speaker 1: think talked about this earlier, very athlete. A sense of 597 00:35:51,880 --> 00:35:56,840 Speaker 1: history in in her roots and in representation and in 598 00:35:56,960 --> 00:36:00,319 Speaker 1: what she brings to the office and the sas in 599 00:36:00,320 --> 00:36:05,000 Speaker 1: which she provides a balance for the new president. Um, 600 00:36:05,040 --> 00:36:06,640 Speaker 1: I'm looking forward to, you know, the burden and the 601 00:36:06,680 --> 00:36:10,839 Speaker 1: vice president at this point, isn't very heavy, so I'm 602 00:36:10,840 --> 00:36:14,719 Speaker 1: sure her marksially well received. Alright, Rick, you Yeah, I 603 00:36:14,719 --> 00:36:18,400 Speaker 1: think similar. I do believe she's still introducing herself to 604 00:36:18,400 --> 00:36:21,839 Speaker 1: the American public and in the global public. She's now 605 00:36:21,880 --> 00:36:25,240 Speaker 1: in a position of power that everybody in the world 606 00:36:25,320 --> 00:36:28,759 Speaker 1: is going to try and evaluate that and understand who 607 00:36:28,800 --> 00:36:31,480 Speaker 1: she is and what motivates her, and and it's her 608 00:36:31,560 --> 00:36:34,279 Speaker 1: job to describe some of that to them, right. I mean, 609 00:36:34,320 --> 00:36:37,120 Speaker 1: it's going to be great to hear her family story again, 610 00:36:37,160 --> 00:36:39,719 Speaker 1: I hope. So it's a compelling story, but I think 611 00:36:39,760 --> 00:36:41,600 Speaker 1: she's gonna need to lay out a little bit about 612 00:36:41,760 --> 00:36:44,120 Speaker 1: what her vision of the world is and how she 613 00:36:44,239 --> 00:36:46,360 Speaker 1: fits into it and how their administration is going to 614 00:36:46,440 --> 00:36:49,440 Speaker 1: manage it. I think it's it's for me tomorrow. It's 615 00:36:49,440 --> 00:36:53,160 Speaker 1: going to be about observing where the tone of the 616 00:36:53,200 --> 00:36:55,880 Speaker 1: country goes. Because we have so much that divides us, 617 00:36:56,120 --> 00:36:58,920 Speaker 1: but is there a reminder tomorrow for what unites us? 618 00:36:59,239 --> 00:37:02,800 Speaker 1: I think the images of Leader Mitch McConnell going to 619 00:37:02,800 --> 00:37:07,440 Speaker 1: to mass with President electro Biden could come as a refreshing, 620 00:37:07,520 --> 00:37:11,440 Speaker 1: refreshing moment for for many people who have covered worked 621 00:37:11,960 --> 00:37:17,319 Speaker 1: observed these incredibly partisan times. Um and it will be 622 00:37:17,360 --> 00:37:19,880 Speaker 1: remarkable to see what moments unfold and the and the 623 00:37:19,920 --> 00:37:22,839 Speaker 1: personalities that emerge that we can glean from them. I mean, 624 00:37:22,840 --> 00:37:26,399 Speaker 1: there's gonna be the bushes, the Obama's uh pences are 625 00:37:26,400 --> 00:37:29,239 Speaker 1: gonna be there, so just all of those, they'll be 626 00:37:29,280 --> 00:37:33,000 Speaker 1: socially distant, but but observing all of those inner workings 627 00:37:33,000 --> 00:37:34,759 Speaker 1: as well is going to be important. I mean, this is, 628 00:37:35,120 --> 00:37:37,200 Speaker 1: whether we like it or not, this is the state 629 00:37:37,239 --> 00:37:41,520 Speaker 1: of American politics. But tomorrow we get to see what direction, 630 00:37:42,080 --> 00:37:45,320 Speaker 1: not just the ideology is headed in, but the leadership, 631 00:37:45,440 --> 00:37:49,680 Speaker 1: the tone. Politics has to be about something more, Yes, 632 00:37:49,840 --> 00:37:53,320 Speaker 1: more than policy. Thanks to Drew Lehman, Thanks to Rick Davis, 633 00:37:53,320 --> 00:38:07,719 Speaker 1: I'm Kevin, Surreally this is Bloomberg Night yet had not yet, 634 00:38:10,120 --> 00:38:13,040 Speaker 1: had not at l