1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,440 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,719 Speaker 1: iHeartRadio app, and the Bloomberg Business app, or listen on 4 00:00:10,800 --> 00:00:12,840 Speaker 1: demand wherever you get your podcasts. 5 00:00:15,120 --> 00:00:17,800 Speaker 2: We look across the political landscape today, it sure feels 6 00:00:17,880 --> 00:00:20,439 Speaker 2: like however important Iowa will be, it's gonna be a blip. 7 00:00:21,000 --> 00:00:24,240 Speaker 2: A week from today, it will be all about New Hampshire. 8 00:00:24,280 --> 00:00:27,280 Speaker 2: Candidates will leave Iowa that night and we'll go to 9 00:00:27,320 --> 00:00:29,120 Speaker 2: ground in the Granite State where they will stay. They 10 00:00:29,160 --> 00:00:31,360 Speaker 2: will live for the better part of a week here 11 00:00:31,440 --> 00:00:32,960 Speaker 2: leading up to voting. We're going to be there with 12 00:00:33,000 --> 00:00:35,600 Speaker 2: you through all of it. And of course everyone thinks 13 00:00:35,640 --> 00:00:37,400 Speaker 2: they know what's going to happen here, right. Of course, 14 00:00:37,440 --> 00:00:40,160 Speaker 2: Donald Trump has been looking pretty comfortable in the polls, 15 00:00:40,200 --> 00:00:42,240 Speaker 2: and there's been a great storyline behind the Nicky Haley 16 00:00:42,240 --> 00:00:45,800 Speaker 2: campaign showing surging polling in New Hampshire. And we have 17 00:00:45,880 --> 00:00:51,000 Speaker 2: two competing surveys today that will satisfy everyone depending on 18 00:00:51,040 --> 00:00:53,120 Speaker 2: what you're looking for here. One of them is from 19 00:00:53,520 --> 00:00:57,480 Speaker 2: Suffolk University the Boston Globe in USA. Today, Nicky Haley 20 00:00:57,680 --> 00:01:02,040 Speaker 2: twenty points behind Donald Trump forty six to twenty six 21 00:01:02,520 --> 00:01:05,240 Speaker 2: in New Hampshire. A lot of folks would say a 22 00:01:05,319 --> 00:01:09,559 Speaker 2: potentially insurmountable lead. Well, look at what CNN is talking 23 00:01:09,600 --> 00:01:12,119 Speaker 2: about with the University of New Hampshire. The survey center 24 00:01:12,120 --> 00:01:14,880 Speaker 2: they're at with their own poll shows Nicki Haley cutting 25 00:01:14,880 --> 00:01:16,800 Speaker 2: it too. Donald Trump's lead in New Hampshire cutting it 26 00:01:17,040 --> 00:01:19,440 Speaker 2: the lead to single digits, thirty nine percent to thirty 27 00:01:19,480 --> 00:01:22,399 Speaker 2: two percent, with Nicki Haley up a dozen points since 28 00:01:22,400 --> 00:01:25,680 Speaker 2: that last poll in November. That's the storyline we've been 29 00:01:25,680 --> 00:01:29,039 Speaker 2: hearing more about. And while we'll talk about this with 30 00:01:29,160 --> 00:01:31,280 Speaker 2: Rick and Genie, had wanted to talk to Chris Galderi 31 00:01:31,720 --> 00:01:33,600 Speaker 2: because he's there and we're going to talk to him 32 00:01:33,600 --> 00:01:35,800 Speaker 2: when we get to New Hampshire, of course, political scientist 33 00:01:35,840 --> 00:01:39,160 Speaker 2: and professor at Saint Anselin University. Chris, it's great to 34 00:01:39,160 --> 00:01:40,920 Speaker 2: see you. I don't know if you're going to be 35 00:01:41,480 --> 00:01:44,080 Speaker 2: leaning toward one poll or the other, but I wonder 36 00:01:44,120 --> 00:01:47,160 Speaker 2: if we're getting closer to reality here. You know, we 37 00:01:47,160 --> 00:01:49,840 Speaker 2: were talking about national polls and a lot of pie 38 00:01:49,920 --> 00:01:52,600 Speaker 2: in the sky stuff six months ago, but it's about 39 00:01:52,600 --> 00:01:56,080 Speaker 2: time for people to vote. What's New Hampshire think, Well. 40 00:01:55,960 --> 00:01:58,280 Speaker 3: I think New Hampshire is at a point where the 41 00:01:58,360 --> 00:02:00,640 Speaker 3: folks who don't pay that much attention or who are 42 00:02:00,680 --> 00:02:03,600 Speaker 3: only sort of engaged with the process or actually starting 43 00:02:03,600 --> 00:02:05,840 Speaker 3: to tune in. And that's one of the things that 44 00:02:05,880 --> 00:02:09,280 Speaker 3: makes primaries so interesting. They can be volatile because you 45 00:02:09,400 --> 00:02:12,160 Speaker 3: have a lot of late deciders. If you look at 46 00:02:12,200 --> 00:02:14,360 Speaker 3: polling from past years, there are a lot of folks 47 00:02:14,360 --> 00:02:16,520 Speaker 3: who don't decide who they're going to vote for until 48 00:02:16,560 --> 00:02:19,280 Speaker 3: they are getting in the car or closing the front 49 00:02:19,280 --> 00:02:22,760 Speaker 3: door to go to their polling place, which means stuff 50 00:02:22,800 --> 00:02:25,600 Speaker 3: like Iowa's going to matter what people say in debates, 51 00:02:25,600 --> 00:02:28,200 Speaker 3: what they don't say in debates, if they have gaffes 52 00:02:28,360 --> 00:02:32,440 Speaker 3: or inspiring moments or that sort of thing really can 53 00:02:32,600 --> 00:02:34,160 Speaker 3: lead to big shifts late in the game. 54 00:02:35,360 --> 00:02:38,239 Speaker 2: Well, really interesting here, and I know that Iowa will 55 00:02:38,280 --> 00:02:42,519 Speaker 2: have some level of influence. New Hampshire has its own 56 00:02:42,680 --> 00:02:45,160 Speaker 2: brand here and as they say, Iowa picks corn, New 57 00:02:45,160 --> 00:02:48,480 Speaker 2: Hampshire picks presidents. But to what extent does momentum coming 58 00:02:48,560 --> 00:02:51,560 Speaker 2: out of Iowa impact the results in New Hampshire. 59 00:02:52,200 --> 00:02:53,919 Speaker 3: Well, I think a lot depends on what the story 60 00:02:53,919 --> 00:02:56,760 Speaker 3: coming out of Iowa is. Right now, a lot of 61 00:02:56,760 --> 00:03:02,600 Speaker 3: folks are speculating that Haley actually passed DeSantis for second place. 62 00:03:03,360 --> 00:03:06,080 Speaker 3: If she does that, I think that again contributes to 63 00:03:06,160 --> 00:03:10,080 Speaker 3: this narrative, the storyline that Haley is on the rise, 64 00:03:10,520 --> 00:03:13,760 Speaker 3: and I think that will make there'd be a lot 65 00:03:13,800 --> 00:03:17,320 Speaker 3: of pressure to look at New Hampshire as essentially a 66 00:03:17,320 --> 00:03:21,120 Speaker 3: two candidate race, as between Trump and Haley. I think 67 00:03:21,280 --> 00:03:24,079 Speaker 3: in those circumstances, we'd be having a lot of conversations, well, 68 00:03:24,080 --> 00:03:28,760 Speaker 3: what does Ron DeSantis do? What does Chris Christie do? So, 69 00:03:29,440 --> 00:03:31,640 Speaker 3: you know, and think back to nineteen eighty four Gary 70 00:03:31,680 --> 00:03:34,960 Speaker 3: Hart's big splash. He came out of Iowa down to 71 00:03:35,000 --> 00:03:38,480 Speaker 3: walter Mondale by thirty points, but he was in second 72 00:03:38,480 --> 00:03:41,520 Speaker 3: place and nobody expected that. So I think, you know, 73 00:03:41,760 --> 00:03:45,320 Speaker 3: in a sense, the expectations game is kind of kind 74 00:03:45,320 --> 00:03:49,160 Speaker 3: of goofy. That's a technical term, but I think it 75 00:03:49,160 --> 00:03:51,040 Speaker 3: can really affect what we'll be talking about and how 76 00:03:51,120 --> 00:03:53,280 Speaker 3: we'll be talking about this race in that week between 77 00:03:53,320 --> 00:03:54,240 Speaker 3: Iowa and New Hampshire. 78 00:03:55,240 --> 00:03:58,480 Speaker 2: You think back to twenty sixteen, and I remember talking 79 00:03:58,520 --> 00:04:00,920 Speaker 2: to you then how different the race was. Donald Trump 80 00:04:00,960 --> 00:04:03,320 Speaker 2: was in New Hampshire a lot. He decided to really 81 00:04:03,800 --> 00:04:06,600 Speaker 2: plant his flag there. It was town Hall every other weekend. 82 00:04:06,680 --> 00:04:08,480 Speaker 2: How much time has he spent there in the state, 83 00:04:08,560 --> 00:04:11,000 Speaker 2: because it's been a storyline that he's barely gone to 84 00:04:11,040 --> 00:04:14,000 Speaker 2: Iowa and it looks like he may well win the caucuses. 85 00:04:14,960 --> 00:04:17,080 Speaker 3: Yeah, he has not been here a lot. I think 86 00:04:17,120 --> 00:04:19,159 Speaker 3: the number of events he has held in this state 87 00:04:19,440 --> 00:04:23,040 Speaker 3: is in the mid single digits. I want to say, 88 00:04:23,040 --> 00:04:26,280 Speaker 3: like five, six, seven, something like that. But it's been 89 00:04:26,320 --> 00:04:29,279 Speaker 3: nothing like the on the ground presence that he had 90 00:04:29,800 --> 00:04:34,279 Speaker 3: eight years ago. That said, his campaign is much more professional, 91 00:04:34,440 --> 00:04:38,240 Speaker 3: much more for want of a better term, normal, than 92 00:04:38,240 --> 00:04:40,520 Speaker 3: it was in twenty sixteen. So there really is an 93 00:04:40,600 --> 00:04:44,320 Speaker 3: organized Trump campaign in terms of phone calls and mailers 94 00:04:44,320 --> 00:04:47,720 Speaker 3: and door knocking and that sort of thing. His ads 95 00:04:47,800 --> 00:04:50,640 Speaker 3: are all over TV and all over streaming. And you know, 96 00:04:50,760 --> 00:04:53,560 Speaker 3: my five year old was watching a Minecraft video and 97 00:04:53,920 --> 00:04:56,839 Speaker 3: got Trump and Haley videos during. 98 00:04:56,560 --> 00:04:59,359 Speaker 2: It, so you know they're really target voters there. Yeah, 99 00:04:59,400 --> 00:05:03,640 Speaker 2: they're hidden Minecraft this off. That's pretty creative. I have 100 00:05:03,720 --> 00:05:05,920 Speaker 2: to admit that you're getting young people where they're actually 101 00:05:05,920 --> 00:05:08,159 Speaker 2: working here. And I was visiting family in New England, 102 00:05:08,200 --> 00:05:10,600 Speaker 2: not even in New Hampshire, but in Massachusetts, knowing they 103 00:05:10,600 --> 00:05:12,719 Speaker 2: have to buy the Boston market and I mean, it's 104 00:05:12,760 --> 00:05:15,719 Speaker 2: every other commercial. I can't imagine the level of exhaustion 105 00:05:15,839 --> 00:05:17,760 Speaker 2: right now when it comes to the ads. Who's on 106 00:05:17,880 --> 00:05:21,039 Speaker 2: TV the most right now? In New Hampshire, Chris. 107 00:05:21,320 --> 00:05:23,159 Speaker 3: I'd say it's a toss up between Trump and Haley. 108 00:05:23,279 --> 00:05:26,480 Speaker 3: I've barely seen anything for DeSantis. I think I've seen 109 00:05:26,720 --> 00:05:31,880 Speaker 3: maybe one Christy ad. But really, if you're just watching TV, 110 00:05:32,160 --> 00:05:35,919 Speaker 3: it's it's at least the stuff I'm watching looks like 111 00:05:36,160 --> 00:05:37,400 Speaker 3: a two candidate race. 112 00:05:38,160 --> 00:05:40,320 Speaker 2: How about that? Are you leaning towards one pole or 113 00:05:40,320 --> 00:05:43,400 Speaker 2: the other here? That Donald Trump is in fact enjoying 114 00:05:43,440 --> 00:05:46,599 Speaker 2: a single digit lead, as one pole would suggest, or 115 00:05:46,960 --> 00:05:49,080 Speaker 2: a twenty point spread like we're seeing in the other. 116 00:05:50,040 --> 00:05:53,640 Speaker 3: You know, it's it's really tough. I can envision either 117 00:05:53,800 --> 00:05:57,880 Speaker 3: one being being more accurate. You know, the Haley numbers 118 00:05:58,240 --> 00:06:00,640 Speaker 3: aren't actually off that much between There's not that much 119 00:06:00,640 --> 00:06:02,600 Speaker 3: difference twenty six thirty two is it's sort of like 120 00:06:02,640 --> 00:06:05,120 Speaker 3: the far end of the margin of error. What I 121 00:06:05,120 --> 00:06:07,560 Speaker 3: think is more interesting is you have one poll where 122 00:06:07,600 --> 00:06:10,200 Speaker 3: Trump is under forty. If Trump is under forty on 123 00:06:10,279 --> 00:06:13,240 Speaker 3: primary night, we're going to be talking about how much 124 00:06:13,240 --> 00:06:16,160 Speaker 3: he underperformed. Why wasn't he able to close the deal here, 125 00:06:16,320 --> 00:06:19,040 Speaker 3: that sort of thing. If he's coming in forty six percent, 126 00:06:19,120 --> 00:06:22,240 Speaker 3: we'll say, wow, he's nearly at fifty percent. If there's 127 00:06:22,279 --> 00:06:26,680 Speaker 3: an anti Trump coalition, it didn't show up tonight. So 128 00:06:26,920 --> 00:06:30,479 Speaker 3: I think, you know, depending on which one of these 129 00:06:30,600 --> 00:06:33,920 Speaker 3: is closer to what we get two, I think two 130 00:06:33,920 --> 00:06:37,600 Speaker 3: weeks from tonight, two weeks from tonight, we'll be having 131 00:06:37,760 --> 00:06:39,560 Speaker 3: really different conversations about the race. 132 00:06:40,400 --> 00:06:44,279 Speaker 2: Yeah, I understood, And that's what is It's just incredible 133 00:06:44,279 --> 00:06:46,640 Speaker 2: about this stage of the race and knowing that this 134 00:06:46,680 --> 00:06:49,720 Speaker 2: could go in a couple of different directions here, likely 135 00:06:49,800 --> 00:06:52,040 Speaker 2: in the next couple of weeks. Chris, last time we 136 00:06:52,040 --> 00:06:54,880 Speaker 2: were there twenty twenty, it was, of course the Democrats 137 00:06:54,880 --> 00:06:56,880 Speaker 2: we were really talking about here. And I'll never forget 138 00:06:57,520 --> 00:07:00,320 Speaker 2: talking with Joe Biden, who was said to be on 139 00:07:00,400 --> 00:07:02,800 Speaker 2: the verge of dropping out of the race. Was supposed 140 00:07:02,839 --> 00:07:05,320 Speaker 2: to be an exit interview and what happened between New 141 00:07:05,360 --> 00:07:09,920 Speaker 2: Hampshire and South Carolina was remarkable as just one candidate 142 00:07:09,920 --> 00:07:12,520 Speaker 2: after the other dropped out of the race. Are we 143 00:07:12,560 --> 00:07:14,360 Speaker 2: going to see something like that? Not that there are 144 00:07:14,360 --> 00:07:17,840 Speaker 2: that many lefts. What happens to this field after New 145 00:07:17,840 --> 00:07:21,440 Speaker 2: Hampshire or could something happen before New Hampshire. Could Chris Sanunu, 146 00:07:21,520 --> 00:07:24,400 Speaker 2: for instance, taught Chris Christine to drop it out of 147 00:07:24,440 --> 00:07:26,640 Speaker 2: this race. That's a great question. 148 00:07:27,160 --> 00:07:27,760 Speaker 1: I think. 149 00:07:27,920 --> 00:07:33,080 Speaker 3: You know, with Christy, the vibe I get is that 150 00:07:33,200 --> 00:07:37,120 Speaker 3: he's attracting the really dedicated anti Trump voters, the people 151 00:07:37,120 --> 00:07:39,800 Speaker 3: who turned out and voted for Bill Weld in twenty twenty. 152 00:07:40,200 --> 00:07:42,520 Speaker 3: And I think that's a fundamentally different approach and a 153 00:07:42,520 --> 00:07:45,240 Speaker 3: fundamentally different group of voters than the ones who were 154 00:07:45,240 --> 00:07:48,080 Speaker 3: being drawn to Haley, who's not attacking Trump, but you's saying, 155 00:07:48,120 --> 00:07:51,480 Speaker 3: you know, he was fine in twenty sixteen, but we 156 00:07:52,000 --> 00:07:55,040 Speaker 3: need a new generation, We need a younger voice, you know, 157 00:07:55,200 --> 00:07:57,800 Speaker 3: that sort of thing, and really being very gentle and 158 00:07:57,880 --> 00:08:01,000 Speaker 3: hands off with her criticisms of him. You know, I 159 00:08:01,040 --> 00:08:04,400 Speaker 3: think if Christy were to get out, you know, I 160 00:08:04,440 --> 00:08:06,520 Speaker 3: think that would probably boost Haley. I don't think there 161 00:08:06,520 --> 00:08:09,080 Speaker 3: are many Christie voters whose second choice is Donald Trump. 162 00:08:10,400 --> 00:08:12,200 Speaker 3: Then you've got Rond de Santis. You know, he was 163 00:08:12,240 --> 00:08:14,960 Speaker 3: pulling I think five percent in one of these polls, 164 00:08:15,000 --> 00:08:18,560 Speaker 3: I think the CNNU and h Pole. I don't know 165 00:08:18,560 --> 00:08:20,720 Speaker 3: that there are many Rond de Santis voters whose second 166 00:08:20,800 --> 00:08:23,480 Speaker 3: choice is Nicky Haley. Uh So if you're if you're 167 00:08:23,520 --> 00:08:26,600 Speaker 3: Nicky Haley, you probably you know, you'd like Christy to 168 00:08:26,640 --> 00:08:29,400 Speaker 3: get out. Uh you wouldn't mind Asa Hutchison, who's still 169 00:08:29,400 --> 00:08:31,200 Speaker 3: in there getting like one or two percent, to get 170 00:08:31,240 --> 00:08:35,160 Speaker 3: out and endorse you. But you probably want DeSantis to 171 00:08:35,200 --> 00:08:38,439 Speaker 3: stick around. You probably figure the guy who's running as 172 00:08:38,679 --> 00:08:42,959 Speaker 3: Trump isn't without Trump is probably drawing, if drawing votes 173 00:08:43,000 --> 00:08:44,400 Speaker 3: away from Trump and not from you. 174 00:08:45,720 --> 00:08:48,000 Speaker 2: When does it get crazy? Is it a week from 175 00:08:48,040 --> 00:08:50,320 Speaker 2: today when all the campaigns will be there. You can't 176 00:08:50,320 --> 00:08:52,160 Speaker 2: get a booth of the Red Arrow Diner. 177 00:08:52,880 --> 00:08:55,280 Speaker 3: Yeah. When you wake up on the Tuesday after the 178 00:08:55,280 --> 00:08:58,640 Speaker 3: Iowa caucus, you will discover that your friends and neighbors 179 00:08:58,679 --> 00:09:02,000 Speaker 3: have covered the state in signs for their preferred candidates. 180 00:09:02,920 --> 00:09:06,240 Speaker 3: You will hear about which candidate had a you know, 181 00:09:06,400 --> 00:09:10,000 Speaker 3: three am landing at Manchester Airport or the private airfield 182 00:09:10,040 --> 00:09:13,560 Speaker 3: and in conquered. That is when the circus comes to 183 00:09:13,640 --> 00:09:16,839 Speaker 3: town and sets up on Elm Street in Manchester. It's 184 00:09:16,840 --> 00:09:20,400 Speaker 3: when people bring out the livestock with you know, shirts 185 00:09:20,400 --> 00:09:22,960 Speaker 3: and sweaters with candidates names on them. 186 00:09:23,200 --> 00:09:24,840 Speaker 2: A are we going to get a Trump? A rally 187 00:09:24,840 --> 00:09:26,520 Speaker 2: on the eve. Have you heard anything about it? 188 00:09:27,240 --> 00:09:29,040 Speaker 3: I have not heard anything, but that's what he did 189 00:09:29,040 --> 00:09:32,120 Speaker 3: in twenty twenty. In twenty twenty, he held a rally 190 00:09:32,720 --> 00:09:36,800 Speaker 3: at a at an arena in downtown Manchester and basically 191 00:09:36,920 --> 00:09:41,520 Speaker 3: just sort of he didn't dominate coverage, but he took 192 00:09:41,520 --> 00:09:43,400 Speaker 3: a lot of wind out of the sales of Democrats 193 00:09:43,440 --> 00:09:45,720 Speaker 3: who were hoping that they would have the front page 194 00:09:45,720 --> 00:09:47,760 Speaker 3: of the Union Leader and the Conquered Monitor and other 195 00:09:47,840 --> 00:09:49,880 Speaker 3: local papers to themselves on primary day. 196 00:09:50,880 --> 00:09:52,480 Speaker 2: Hey, Chris, I'm looking forward to seeing you up there. 197 00:09:52,480 --> 00:09:55,080 Speaker 2: I appreciate you coming on today, Chris Caldieri with two 198 00:09:55,120 --> 00:09:59,200 Speaker 2: weeks to go st Anselm College political science professor. Great 199 00:09:59,240 --> 00:10:01,240 Speaker 2: to see you as we asemble our panel. They'll be 200 00:10:01,240 --> 00:10:04,360 Speaker 2: there too, of course. Rick Davison Genie Shanzano are with 201 00:10:04,480 --> 00:10:08,800 Speaker 2: us here. Our signature panel back together again. And I 202 00:10:08,840 --> 00:10:12,560 Speaker 2: wonder Genie your thoughts on these poles here, because this 203 00:10:12,679 --> 00:10:16,000 Speaker 2: is the menu of options. Is Donald Trump going to 204 00:10:16,080 --> 00:10:18,280 Speaker 2: walk into New Hampshire with the commanding leader? Is Nicky 205 00:10:18,320 --> 00:10:22,160 Speaker 2: Haley truly nipping at his heels as this CNN U 206 00:10:22,240 --> 00:10:25,360 Speaker 2: n H pole would tell us, Yeah, I mean it 207 00:10:25,480 --> 00:10:26,520 Speaker 2: is fascinating. 208 00:10:26,679 --> 00:10:29,080 Speaker 4: You know, when we look at where she has been 209 00:10:29,200 --> 00:10:32,360 Speaker 4: and where she has come, her star is rising at 210 00:10:32,520 --> 00:10:36,000 Speaker 4: just the right time. And so I do think Trump 211 00:10:36,200 --> 00:10:39,160 Speaker 4: really can have a run for his money from Nicky Haley. 212 00:10:39,200 --> 00:10:42,480 Speaker 4: Of course, the CNN poll one pole, but again, when 213 00:10:42,520 --> 00:10:45,880 Speaker 4: you look at her trajectory over time, she really is 214 00:10:46,000 --> 00:10:49,720 Speaker 4: narrowing this gap. And you know, it's really in keeping 215 00:10:49,800 --> 00:10:53,439 Speaker 4: with something that I've heard and I'm sure other pollsters 216 00:10:53,480 --> 00:10:56,280 Speaker 4: have heard, which is when people have been door knocking 217 00:10:56,360 --> 00:10:59,559 Speaker 4: in places like New Hampshire and South Carolina and elsewhere 218 00:10:59,559 --> 00:11:04,120 Speaker 4: on of Nikki Haley, they have sometimes heard people who say, 219 00:11:05,000 --> 00:11:07,920 Speaker 4: I do support the former governor. I'm not sure I 220 00:11:07,960 --> 00:11:11,880 Speaker 4: want to say that publicly necessarily, because of course, to 221 00:11:11,960 --> 00:11:15,480 Speaker 4: go against Trump is to support a Democrat. I mean, 222 00:11:15,480 --> 00:11:17,600 Speaker 4: that's how it's been laid out, and of course those 223 00:11:17,640 --> 00:11:20,319 Speaker 4: people don't feel that way at all. So I keep wondering, 224 00:11:20,400 --> 00:11:23,880 Speaker 4: do we see a growing silent majority who once this 225 00:11:24,000 --> 00:11:26,400 Speaker 4: is unleashed and these polls come out and she does 226 00:11:26,679 --> 00:11:29,480 Speaker 4: if she does better in Iowa then expected comes in 227 00:11:29,520 --> 00:11:32,679 Speaker 4: a strong two, does that sort of unleash this for her? 228 00:11:32,760 --> 00:11:35,920 Speaker 4: So I think there's real possibility and momentum with Haley 229 00:11:35,960 --> 00:11:37,600 Speaker 4: at this point. 230 00:11:37,280 --> 00:11:41,000 Speaker 2: Rick, I know you're taking the Haley campaign seriously and 231 00:11:41,040 --> 00:11:43,559 Speaker 2: you've told us that we all should here in New Hampshire. 232 00:11:43,760 --> 00:11:46,720 Speaker 2: Does that mean that you buy into this single digit 233 00:11:46,800 --> 00:11:49,199 Speaker 2: spread that we're seeing in one of two polls today. 234 00:11:50,120 --> 00:11:54,160 Speaker 5: You know that's a pretty aggressive poll. Part of what 235 00:11:54,280 --> 00:11:57,480 Speaker 5: makes me concerned about that. You know, an h pole 236 00:11:57,760 --> 00:12:02,160 Speaker 5: is Ramaswami at eight. We haven't seen Ramaswami above five 237 00:12:02,280 --> 00:12:07,000 Speaker 5: since the campaign began, and so that one may be 238 00:12:07,040 --> 00:12:11,280 Speaker 5: a little too close. Look the un H pole. You know, 239 00:12:11,520 --> 00:12:17,040 Speaker 5: Trump has come down three points and Nicky has gone 240 00:12:17,120 --> 00:12:20,280 Speaker 5: up too since the last poll UNH took. So the 241 00:12:20,400 --> 00:12:22,800 Speaker 5: trend is the right trend if you're looking for a 242 00:12:22,800 --> 00:12:26,040 Speaker 5: closing race, and I think both of those poles represent 243 00:12:26,120 --> 00:12:27,160 Speaker 5: a narrowing of the field. 244 00:12:27,920 --> 00:12:31,600 Speaker 2: And Haley is up twelve since the November poll by 245 00:12:31,880 --> 00:12:33,800 Speaker 2: U n H. Just to give people a sense of 246 00:12:33,840 --> 00:12:35,480 Speaker 2: the field. By the way, we've been, you know, talking 247 00:12:35,559 --> 00:12:39,000 Speaker 2: about the two front runners. If you will, it's Trump 248 00:12:39,080 --> 00:12:43,679 Speaker 2: thirty nine in this case, as I mentioned, Haley thirty two, 249 00:12:43,800 --> 00:12:47,920 Speaker 2: but then it's Christy twelve, DeSantis five. To Rick's point, 250 00:12:48,000 --> 00:12:51,320 Speaker 2: Ramaswami has eight points in this poll, Rick, do you 251 00:12:51,360 --> 00:12:53,640 Speaker 2: buy the logic that Chris Calderi was saying that it's 252 00:12:53,640 --> 00:12:57,240 Speaker 2: actually good for Nikki Hailey to keep Roni Santis in 253 00:12:57,240 --> 00:12:58,000 Speaker 2: this race right now? 254 00:12:58,679 --> 00:12:58,880 Speaker 1: Yeah? 255 00:12:58,920 --> 00:13:01,719 Speaker 5: I mean, thing is about the lanes, and when those 256 00:13:01,800 --> 00:13:05,600 Speaker 5: lanes converge, those votes scatter. And Ron DeSantis I totally 257 00:13:05,600 --> 00:13:09,160 Speaker 5: agree with Chris. His votes going to Trump. Uh, Christy's 258 00:13:09,200 --> 00:13:13,000 Speaker 5: votes going to to to Nicky. And when you look 259 00:13:13,040 --> 00:13:15,880 Speaker 5: at head to heads that I've seen, uh, it's it's 260 00:13:15,880 --> 00:13:19,640 Speaker 5: a dead heat. And so uh yeah, the ideal scenario 261 00:13:19,800 --> 00:13:23,120 Speaker 5: is Christy gets out and and and and Ron stays 262 00:13:23,120 --> 00:13:27,040 Speaker 5: in and that advantages Nicki Haley. But of course none 263 00:13:27,080 --> 00:13:29,360 Speaker 5: of that she can control. So she's just got to 264 00:13:29,400 --> 00:13:33,400 Speaker 5: do the best she can in Iowa. And and frankly, 265 00:13:33,440 --> 00:13:35,920 Speaker 5: that may be the worst thing for her because if 266 00:13:35,920 --> 00:13:38,600 Speaker 5: she beats Ron de Santis and Iowa, it could force 267 00:13:38,679 --> 00:13:40,280 Speaker 5: him out of the race and all those votes in 268 00:13:40,280 --> 00:13:41,920 Speaker 5: New Hampshire go to go to Trump. 269 00:13:42,480 --> 00:13:45,120 Speaker 2: Find an interesting DeSantis and Nicki Haley will debate tomorrow 270 00:13:45,200 --> 00:13:49,560 Speaker 2: night in Des Moines. Genie Ramaswamy did not qualify after 271 00:13:49,640 --> 00:13:52,280 Speaker 2: all the time he spent in Iowa. Is that campaign done? 272 00:13:53,760 --> 00:13:57,560 Speaker 4: Not According to Ramaswami, he has been out and so active. 273 00:13:57,679 --> 00:13:59,880 Speaker 4: I think he went to all ninety nine counties twice, 274 00:14:00,080 --> 00:14:02,880 Speaker 4: if I understand. So he says he's seeing this thing 275 00:14:03,000 --> 00:14:06,080 Speaker 4: through and he doesn't care about this CNN debate, is 276 00:14:06,080 --> 00:14:06,920 Speaker 4: what he says. 277 00:14:07,200 --> 00:14:09,480 Speaker 2: Well, I guess not. We'll see how that goes. With 278 00:14:09,559 --> 00:14:11,920 Speaker 2: only two on the stage Tomorrow night, Donald Trump won't 279 00:14:11,920 --> 00:14:14,320 Speaker 2: be there. He's going to counter program with the town 280 00:14:14,360 --> 00:14:17,319 Speaker 2: Hall on Fox. And so the wheel goes round. We're 281 00:14:17,320 --> 00:14:19,080 Speaker 2: gonna have a lot more with our panel coming up 282 00:14:19,080 --> 00:14:21,720 Speaker 2: here because the deal on Capitol Hill to avoid a 283 00:14:21,760 --> 00:14:25,240 Speaker 2: government shutdown, the so called deal, is now hitting the 284 00:14:25,280 --> 00:14:27,880 Speaker 2: campaign trail. We'll have that next. This is Bloomberg. 285 00:14:31,080 --> 00:14:34,480 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 286 00:14:34,480 --> 00:14:38,360 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 287 00:14:38,440 --> 00:14:41,760 Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App. 288 00:14:41,920 --> 00:14:44,760 Speaker 1: You can also listen live on Amazon Alexa from our 289 00:14:44,800 --> 00:14:49,280 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 290 00:14:50,840 --> 00:14:53,400 Speaker 2: So much for avoiding a government shutdown. We'll see there 291 00:14:53,440 --> 00:14:55,680 Speaker 2: are eight legislative days to make it happen, and I'll 292 00:14:55,720 --> 00:14:57,800 Speaker 2: let everyone know we're going to talk to Congressman Brian 293 00:14:58,040 --> 00:15:00,440 Speaker 2: Style coming up at the top of the hour forty 294 00:15:00,440 --> 00:15:03,120 Speaker 2: minutes from now. The Republican from Wisconsin is in the 295 00:15:03,120 --> 00:15:06,400 Speaker 2: middle of all this, as House members returned to Washington 296 00:15:06,480 --> 00:15:10,920 Speaker 2: today with eight legislative sessions to figure out the path 297 00:15:11,000 --> 00:15:13,680 Speaker 2: forward here. This of course would be funding the government, 298 00:15:13,760 --> 00:15:17,000 Speaker 2: and we've got the staggered or laddered cr in effect now, 299 00:15:17,680 --> 00:15:20,160 Speaker 2: so the first four bills will expire toward the end 300 00:15:20,160 --> 00:15:22,120 Speaker 2: of this month and the rest at the beginning of February. 301 00:15:22,200 --> 00:15:23,600 Speaker 2: We do not have a lot of time to play with. 302 00:15:23,680 --> 00:15:26,160 Speaker 2: But there was a big deal around this time yesterday, 303 00:15:26,160 --> 00:15:30,720 Speaker 2: as I told you, big agreement on top line spending levels, 304 00:15:30,760 --> 00:15:34,160 Speaker 2: an agreement between Chuck Schumer and Speaker Mike Johnson. The 305 00:15:34,200 --> 00:15:38,280 Speaker 2: same exact agreement, or as Jack Fitzpatrick called it, reagreement 306 00:15:39,160 --> 00:15:44,200 Speaker 2: that Kevin McCarthy made with Joe Biden back in June. Now, 307 00:15:44,240 --> 00:15:48,040 Speaker 2: some say this is progress, helped to avoid a shutdown, 308 00:15:49,320 --> 00:15:55,120 Speaker 2: helps the odds, But if you're on Dea Santis, no way. 309 00:15:55,720 --> 00:15:58,720 Speaker 2: The governor of Florida, of course, Republican presidential candidate weighing 310 00:15:58,760 --> 00:16:02,680 Speaker 2: in took video from an interview, wrote around it with 311 00:16:02,720 --> 00:16:05,880 Speaker 2: a nice post on Twitter to let everybody know, this 312 00:16:05,920 --> 00:16:08,400 Speaker 2: is just top line spending levels. Now, this is not 313 00:16:08,480 --> 00:16:12,560 Speaker 2: the budget that you're not even real Republicans. 314 00:16:12,680 --> 00:16:16,360 Speaker 6: This is just selling out everything that they ran on 315 00:16:16,520 --> 00:16:18,920 Speaker 6: in twenty twenty two. You know, they said that they 316 00:16:18,920 --> 00:16:21,880 Speaker 6: were going to change the way Washington operates. They said 317 00:16:21,880 --> 00:16:24,400 Speaker 6: that they were going to hold these agencies accountable. You know, 318 00:16:24,480 --> 00:16:27,120 Speaker 6: that's the thing the House of Representatives is supposed to 319 00:16:27,560 --> 00:16:30,240 Speaker 6: because there are what the power of the purse be, 320 00:16:30,440 --> 00:16:34,760 Speaker 6: the people's redress for when government misbehaves. 321 00:16:34,920 --> 00:16:39,360 Speaker 2: Did you get that? I don't know what Donald Trump 322 00:16:39,440 --> 00:16:41,320 Speaker 2: is going to say about this either. He's talking to 323 00:16:41,360 --> 00:16:44,080 Speaker 2: Speaker Mike Johnson. They say on an almost daily basis. 324 00:16:44,120 --> 00:16:47,040 Speaker 2: Let's reassemble the panel for their take. Genie Schanzano and 325 00:16:47,120 --> 00:16:51,480 Speaker 2: Rick Davis Bloomberg Politics contributors are with us here. Rick, 326 00:16:51,520 --> 00:16:53,560 Speaker 2: it's an opportunity for candidates, I guess, to make some 327 00:16:53,680 --> 00:16:55,240 Speaker 2: news if you're on the trail. But what does it 328 00:16:55,320 --> 00:16:56,760 Speaker 2: mean for the debate here in Washington? 329 00:16:57,920 --> 00:16:58,160 Speaker 3: Yeah? 330 00:16:58,160 --> 00:17:00,520 Speaker 5: Look, I think that it scrambles a deck a little bit. 331 00:17:00,800 --> 00:17:04,359 Speaker 5: The reality is that Ronda Santis has been a fading 332 00:17:04,400 --> 00:17:08,760 Speaker 5: star for months. He's trying to find some mojo for 333 00:17:08,920 --> 00:17:12,399 Speaker 5: his campaign in Iowa at the very last minute, and 334 00:17:12,440 --> 00:17:16,240 Speaker 5: there probably aren't a lot of House members wondering what 335 00:17:16,359 --> 00:17:19,640 Speaker 5: his opinions are on their legislative issues. So he's kind 336 00:17:19,680 --> 00:17:22,720 Speaker 5: of doing this for his own self interests, his own 337 00:17:22,800 --> 00:17:27,359 Speaker 5: campaign interests in Iowa, not to actually influence anything in 338 00:17:27,400 --> 00:17:29,639 Speaker 5: the House of Representatives. And I'm sure the House of 339 00:17:29,720 --> 00:17:32,520 Speaker 5: Representatives look at it exactly the same way. 340 00:17:33,080 --> 00:17:36,280 Speaker 2: Well, he's certainly sounding a lot like Representative Chip Roy, 341 00:17:36,320 --> 00:17:39,600 Speaker 2: who's endorsed Rhonda Santi's genie, has been traveling with him 342 00:17:40,440 --> 00:17:43,440 Speaker 2: in Iowa and he has said the same thing. Close 343 00:17:43,480 --> 00:17:46,080 Speaker 2: the border or close the government, it's one or the other. Well, 344 00:17:46,119 --> 00:17:50,600 Speaker 2: other candidates weigh in on this, Yeah, and. 345 00:17:50,480 --> 00:17:53,919 Speaker 4: You know here we're seeing exactly what we fear. I mean, yesterday, 346 00:17:54,080 --> 00:17:57,000 Speaker 4: we were kind of optimistic that maybe they could get 347 00:17:57,000 --> 00:17:59,919 Speaker 4: this thing done in eight days now, but as the 348 00:18:00,080 --> 00:18:03,639 Speaker 4: clash of twenty four and the budget process come together, 349 00:18:04,000 --> 00:18:05,960 Speaker 4: it makes it all that much more difficult. And of 350 00:18:05,960 --> 00:18:08,480 Speaker 4: course ron de Santis is one thing. But to your point, 351 00:18:08,800 --> 00:18:11,760 Speaker 4: when when Donald Trump weighs in and he has already 352 00:18:11,840 --> 00:18:13,879 Speaker 4: started talking about the fact he doesn't want to be 353 00:18:13,920 --> 00:18:17,080 Speaker 4: Herbert Hoover. So let's just get this economic downturn done 354 00:18:17,160 --> 00:18:20,280 Speaker 4: right now. I mean, this is where we are headed. 355 00:18:20,560 --> 00:18:23,400 Speaker 4: And I think this is very, very difficult for somebody 356 00:18:23,480 --> 00:18:26,920 Speaker 4: like Ron Johnson. You just I feel like reminding Ron 357 00:18:26,960 --> 00:18:31,240 Speaker 4: de Santis if he wants Republicans to control DC, they've 358 00:18:31,280 --> 00:18:35,800 Speaker 4: got to win elections right now. Democrats control the how 359 00:18:36,040 --> 00:18:38,000 Speaker 4: the Senate rather and the White House, and so you 360 00:18:38,080 --> 00:18:40,600 Speaker 4: got to deal with them. And you know, Ron DeSantis 361 00:18:40,640 --> 00:18:42,639 Speaker 4: seems not to want to acknowledge that. And of course 362 00:18:43,560 --> 00:18:44,720 Speaker 4: Donald Trump doesn't either. 363 00:18:45,400 --> 00:18:48,439 Speaker 2: Hubert Hoover thing. I don't so who's Donald Trump? And 364 00:18:48,600 --> 00:18:50,520 Speaker 2: he did somebody buy him a book that there's like 365 00:18:50,560 --> 00:18:52,959 Speaker 2: a maybe an American history book. He's been We had 366 00:18:52,960 --> 00:18:55,800 Speaker 2: the Civil War last weekend. Now this I don't know. 367 00:18:56,320 --> 00:18:58,919 Speaker 2: I wonder if Nikki Haley will take a stand on it. 368 00:18:58,960 --> 00:19:00,800 Speaker 2: She was asked a lot of questions last evening on 369 00:19:01,920 --> 00:19:04,840 Speaker 2: Fox Rick it was a town hall. They're each getting 370 00:19:04,880 --> 00:19:07,840 Speaker 2: their turn here and Brett Bhaer I thought it was 371 00:19:07,840 --> 00:19:09,840 Speaker 2: pretty interesting because it's an issue that we don't hear 372 00:19:09,880 --> 00:19:12,840 Speaker 2: anything about. We talk a lot about Donald Trump, we 373 00:19:12,920 --> 00:19:14,880 Speaker 2: talk a little bit about the border, talk a little 374 00:19:14,880 --> 00:19:17,399 Speaker 2: bit about the economy. We never talked about the big 375 00:19:17,400 --> 00:19:21,880 Speaker 2: stuff that could in fact supersede all of these issues 376 00:19:22,040 --> 00:19:25,080 Speaker 2: like Social Security and Medicare. If you want to have 377 00:19:25,119 --> 00:19:28,520 Speaker 2: a budget debate, let's talk about that. And I have 378 00:19:28,560 --> 00:19:30,119 Speaker 2: to admit it was not lost on me when I 379 00:19:30,160 --> 00:19:32,639 Speaker 2: heard our own interview be invoked here. We talked to 380 00:19:32,720 --> 00:19:34,679 Speaker 2: Nicki Haley back the end of August, and that was 381 00:19:34,720 --> 00:19:37,480 Speaker 2: my question for her at the time. It came up 382 00:19:37,640 --> 00:19:42,040 Speaker 2: in that town hall meeting on Fox last evening. Just 383 00:19:42,080 --> 00:19:44,359 Speaker 2: a taste here from Brett Bhaer as he's talking to 384 00:19:44,480 --> 00:19:45,040 Speaker 2: Nicki Haley. 385 00:19:45,119 --> 00:19:48,560 Speaker 3: So, Governor DeSantis is hitting you for claiming the retirement 386 00:19:48,600 --> 00:19:51,720 Speaker 3: age is quote way way too low, he said, quote 387 00:19:51,760 --> 00:19:54,879 Speaker 3: I don't know why she's saying that. So are you 388 00:19:54,960 --> 00:19:55,400 Speaker 3: saying that? 389 00:19:55,800 --> 00:19:58,080 Speaker 7: I have never once said that? 390 00:19:58,280 --> 00:20:00,800 Speaker 2: Well, wait, any way, way in Bloomberg and oh yeah, 391 00:20:00,840 --> 00:20:05,040 Speaker 2: that Bloomberg interview, did you not say that? Let's spin 392 00:20:05,160 --> 00:20:08,120 Speaker 2: back the tape again to the twenty fourth of August 393 00:20:09,080 --> 00:20:12,119 Speaker 2: when Nikki Haley joined us here on Bloomberg. It was 394 00:20:12,119 --> 00:20:14,040 Speaker 2: on balance of power on Bloomberg TV. 395 00:20:14,320 --> 00:20:17,880 Speaker 7: Remember, we don't touch anyone's retirement or anyone who's been 396 00:20:17,920 --> 00:20:20,680 Speaker 7: promised in but we go to people like my kids 397 00:20:20,720 --> 00:20:22,919 Speaker 7: in their twenties when they're coming into the system, and 398 00:20:23,000 --> 00:20:26,000 Speaker 7: we say the rules have changed. We change retirement age 399 00:20:26,040 --> 00:20:29,840 Speaker 7: to reflect life expectancy instead of cost of living increases. 400 00:20:29,880 --> 00:20:32,960 Speaker 7: We do it based on inflation. We limit the benefits 401 00:20:33,040 --> 00:20:36,560 Speaker 7: on the wealthy, and we expand Medicare advantage plans. 402 00:20:37,440 --> 00:20:39,080 Speaker 2: What's the right age there that Investador? 403 00:20:40,160 --> 00:20:41,840 Speaker 7: Well, I think we have to do the numbers. We've 404 00:20:41,880 --> 00:20:43,320 Speaker 7: got to figure out what it is. But what we 405 00:20:43,359 --> 00:20:46,080 Speaker 7: do know is sixty five is way too low and 406 00:20:46,119 --> 00:20:47,960 Speaker 7: we need to increase that. We need to do it 407 00:20:48,000 --> 00:20:49,480 Speaker 7: according to life expectancy. 408 00:20:49,600 --> 00:20:51,679 Speaker 2: Sixty five is way too low and we need to 409 00:20:51,760 --> 00:20:57,000 Speaker 2: increase that. I guess rettbar was onto something. We appreciate 410 00:20:57,000 --> 00:20:58,840 Speaker 2: their watching and listening. By the way, and I wonder 411 00:20:58,880 --> 00:21:01,240 Speaker 2: what the panel thinks about this, Rick, This is not 412 00:21:01,359 --> 00:21:04,120 Speaker 2: something that's resonating on the campaign trail. How come we're 413 00:21:04,160 --> 00:21:06,440 Speaker 2: not talking about it outside of these brief moments. 414 00:21:07,080 --> 00:21:09,879 Speaker 5: You know, I think Republics and the Democrats alke have 415 00:21:10,000 --> 00:21:14,200 Speaker 5: gotten so afraid of mentioning entitlement programs that never comes up. 416 00:21:14,240 --> 00:21:17,320 Speaker 5: I mean, wasn't that long ago when John McCain ran 417 00:21:17,400 --> 00:21:19,960 Speaker 5: commercials in New Hampshire. Part of the run up to 418 00:21:20,000 --> 00:21:23,800 Speaker 5: his victory and a comeback campaign was all about South, 419 00:21:23,920 --> 00:21:28,120 Speaker 5: you know, say, solving social security problems. And so now 420 00:21:28,200 --> 00:21:31,239 Speaker 5: it's like lock box is back. You can't touch it, 421 00:21:31,359 --> 00:21:35,240 Speaker 5: you can't talk about it. So look, as you point 422 00:21:35,280 --> 00:21:40,160 Speaker 5: out very responsibly, when you don't talk about entitlement reform, 423 00:21:40,240 --> 00:21:42,840 Speaker 5: you're not talking about really changing government, and you're just 424 00:21:42,920 --> 00:21:47,480 Speaker 5: nibbling around on the edges. And and until we find 425 00:21:47,520 --> 00:21:50,760 Speaker 5: a leader who's not afraid of tackling the hard stuff, 426 00:21:51,320 --> 00:21:53,800 Speaker 5: we're stuck in that lock box. 427 00:21:54,840 --> 00:21:56,800 Speaker 2: I guess that's right. I think he's talking about al 428 00:21:56,840 --> 00:21:59,920 Speaker 2: GORGINI are Democrats going to be the ones to open 429 00:22:00,119 --> 00:22:00,679 Speaker 2: lock box? 430 00:22:02,359 --> 00:22:04,439 Speaker 4: You know, I am so proud of Brett Baer for 431 00:22:04,520 --> 00:22:06,919 Speaker 4: listening to you, Joe and listening to Bloomberg. And you 432 00:22:06,920 --> 00:22:08,800 Speaker 4: know who else I think is going to listen is 433 00:22:08,880 --> 00:22:12,280 Speaker 4: Donald Trump, Because as Nicky Haley closes these polls, he 434 00:22:12,359 --> 00:22:14,720 Speaker 4: will pull out that Bloomberg quote and throw it right 435 00:22:14,760 --> 00:22:17,200 Speaker 4: back at her. This is, you know, like Rick Scott 436 00:22:17,240 --> 00:22:20,920 Speaker 4: all over again. And I'll bet the Democrats as well, 437 00:22:21,000 --> 00:22:23,480 Speaker 4: Joe Biden and the Democrats will hit her on this 438 00:22:23,640 --> 00:22:26,720 Speaker 4: should she continue rising in the polls. You know, Rick 439 00:22:26,840 --> 00:22:29,800 Speaker 4: Davis is right, it is you know, the reality is 440 00:22:30,320 --> 00:22:33,640 Speaker 4: good economics on her part, bad politics. This is an 441 00:22:33,720 --> 00:22:36,720 Speaker 4: absolute loser. This is why Rick Scott walked back from it. 442 00:22:36,960 --> 00:22:39,320 Speaker 4: Nicki Haley now walking back from it. But you've got 443 00:22:39,320 --> 00:22:41,480 Speaker 4: her on tape, Joe, So I think they're all going 444 00:22:41,560 --> 00:22:42,680 Speaker 4: to be pulling that tape. 445 00:22:43,240 --> 00:22:45,320 Speaker 2: Well, we'll see if they use it. I'd love to 446 00:22:45,359 --> 00:22:48,800 Speaker 2: follow up on that conversation with her if the opportunity arises. 447 00:22:49,640 --> 00:22:54,360 Speaker 2: We'll see you in Iowa, Madam, Ambassador Rick. No one 448 00:22:54,359 --> 00:22:56,800 Speaker 2: knows New Hantral politics better than you. What does Nicki 449 00:22:56,840 --> 00:22:58,920 Speaker 2: Haley do? Or on de Santis for that matter, when 450 00:22:58,920 --> 00:23:01,560 Speaker 2: they arrive that morning after or even that night of 451 00:23:02,040 --> 00:23:04,199 Speaker 2: the Iowa caucuses. You've got a week to play with. 452 00:23:04,240 --> 00:23:05,240 Speaker 2: What do you do with the time? 453 00:23:06,800 --> 00:23:10,280 Speaker 5: Fundraising is over, So you've got to hit town hall 454 00:23:10,320 --> 00:23:13,160 Speaker 5: after town hall, public event after public event. The good 455 00:23:13,200 --> 00:23:17,080 Speaker 5: news is everybody's paying attention. As Chris said earlier, all 456 00:23:17,119 --> 00:23:19,879 Speaker 5: the voters have tuned in, so walking into a cafe, 457 00:23:20,680 --> 00:23:23,439 Speaker 5: going and doing a town hall. From what I'm hearing 458 00:23:23,480 --> 00:23:25,679 Speaker 5: on the ground, her town halls are on fire. Her 459 00:23:26,440 --> 00:23:29,880 Speaker 5: crowd size is double tripled and quadrupled, and she needs 460 00:23:29,920 --> 00:23:32,560 Speaker 5: to keep that momentum up and that means six eight 461 00:23:33,359 --> 00:23:37,440 Speaker 5: events a day, a lot of drop ins. So she 462 00:23:37,560 --> 00:23:39,879 Speaker 5: just needs to hope that the roads are clear, the 463 00:23:39,920 --> 00:23:42,720 Speaker 5: skies are blue, and you know she can work it 464 00:23:42,800 --> 00:23:44,560 Speaker 5: hard all the way to election day. 465 00:23:45,119 --> 00:23:45,320 Speaker 3: You know. 466 00:23:45,480 --> 00:23:47,760 Speaker 2: Talking about the weather, we hit this for a minute, Genie, 467 00:23:47,760 --> 00:23:49,480 Speaker 2: and you actually broke my heart a little bit because 468 00:23:49,520 --> 00:23:51,800 Speaker 2: I can see the pain as we look at the 469 00:23:52,000 --> 00:23:55,000 Speaker 2: forecast for Iowa. Do you know that they're they're canceling 470 00:23:55,040 --> 00:23:57,240 Speaker 2: campaign events today because they're getting a foot of snow 471 00:23:57,359 --> 00:24:01,840 Speaker 2: or something there. This might affect your your packing plans. 472 00:24:02,400 --> 00:24:03,280 Speaker 4: It totally has. 473 00:24:03,400 --> 00:24:03,560 Speaker 1: Joe. 474 00:24:03,600 --> 00:24:05,520 Speaker 4: I've already been in touch with a friend of mine 475 00:24:05,520 --> 00:24:07,800 Speaker 4: who's in Des Moines. She said, it's freezing. It's gonna 476 00:24:07,840 --> 00:24:10,160 Speaker 4: get worse. I need to go out and get some 477 00:24:10,200 --> 00:24:12,960 Speaker 4: more hats, gloves. I don't know long John's It's gonna 478 00:24:12,960 --> 00:24:13,439 Speaker 4: be cold. 479 00:24:13,440 --> 00:24:16,480 Speaker 2: I'm not good with that, but I don't think James 480 00:24:16,560 --> 00:24:18,719 Speaker 2: for mister James is opening us every morning in our 481 00:24:18,720 --> 00:24:21,240 Speaker 2: little show chat here with the forecast. I'm gonna just 482 00:24:21,240 --> 00:24:24,919 Speaker 2: look back. Daily des Moines forecast Monday, a high a 483 00:24:25,359 --> 00:24:31,000 Speaker 2: high of minus four and a low of minus thirteen. 484 00:24:31,920 --> 00:24:36,000 Speaker 2: That's not even with the wind chill. But we shall prevail. 485 00:24:36,320 --> 00:24:37,920 Speaker 2: We're bringing the shows on the road, and we're gonna 486 00:24:37,960 --> 00:24:40,399 Speaker 2: join you from both Iowa and New Hampshire six days 487 00:24:40,440 --> 00:24:43,359 Speaker 2: to des Moines, two weeks to Manchester. 488 00:24:44,680 --> 00:24:48,159 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us 489 00:24:48,200 --> 00:24:51,359 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 490 00:24:51,440 --> 00:24:54,560 Speaker 1: iHeartRadio app and the Bloomberg Business App, or listening on 491 00:24:54,600 --> 00:24:56,760 Speaker 1: demand wherever you get your podcasts. 492 00:24:58,119 --> 00:25:00,400 Speaker 2: Welcome to our two of Bloomberg Sound On. I'm Joe 493 00:25:00,440 --> 00:25:04,800 Speaker 2: Matthew in Washington alongside Kaylee Liones, who just walked in 494 00:25:04,800 --> 00:25:07,520 Speaker 2: the room. It's good to see you because we're looking 495 00:25:07,560 --> 00:25:09,280 Speaker 2: for some news here on the very same story that 496 00:25:09,280 --> 00:25:11,240 Speaker 2: we were talking about around this time yesterday, whether we 497 00:25:11,280 --> 00:25:14,880 Speaker 2: can avoid a shutdown. The House is back today, yep, 498 00:25:14,920 --> 00:25:17,520 Speaker 2: which is why we're glad to bring you a conversation 499 00:25:17,560 --> 00:25:20,320 Speaker 2: in a moment with Congressman Brian's style. Although I don't know, 500 00:25:20,359 --> 00:25:22,520 Speaker 2: I get the sense that maybe he never leaves Washington. 501 00:25:22,880 --> 00:25:24,760 Speaker 2: Is he one of those lawmakers He's got a family. 502 00:25:24,840 --> 00:25:29,080 Speaker 2: I know he goes home. Either way, Eight legislative days 503 00:25:29,960 --> 00:25:32,920 Speaker 2: to figure out a. I won't say the word stop 504 00:25:32,960 --> 00:25:36,000 Speaker 2: gap because Mike Johnson said he didn't want to do that. 505 00:25:36,200 --> 00:25:40,159 Speaker 8: He did, yes, that he wouldn't do that, But will 506 00:25:40,240 --> 00:25:43,680 Speaker 8: he have to? What do you know, well, Senator John 507 00:25:43,720 --> 00:25:45,840 Speaker 8: thun So, this is in the other chamber. The Senate 508 00:25:45,880 --> 00:25:47,840 Speaker 8: may be singing a different tune on this than those 509 00:25:47,880 --> 00:25:51,120 Speaker 8: in the House, but he says lawmakers likely will need 510 00:25:51,119 --> 00:25:54,000 Speaker 8: to pass a short term stop gap to avoid a 511 00:25:54,040 --> 00:25:56,960 Speaker 8: government shutdown. Okay, so exactly what Mike Johnson said he 512 00:25:57,000 --> 00:25:59,040 Speaker 8: didn't want to do. And yet, knowing you have to 513 00:25:59,080 --> 00:26:02,040 Speaker 8: reconcile for to appropriations bills between the House and the 514 00:26:02,080 --> 00:26:06,119 Speaker 8: Senate with potentially conservative policy writers questions around the border 515 00:26:06,160 --> 00:26:08,840 Speaker 8: as well, there might not be much of a choice 516 00:26:08,840 --> 00:26:09,320 Speaker 8: in the matter. 517 00:26:10,160 --> 00:26:11,800 Speaker 2: You know who just got back from the border. As 518 00:26:11,800 --> 00:26:15,040 Speaker 2: the aforementioned Brian's style, we should bring him in now. Kaylee, 519 00:26:15,080 --> 00:26:18,080 Speaker 2: the congressman from Wisconsin is with us, of course, chair 520 00:26:18,080 --> 00:26:22,439 Speaker 2: of the Admin Committee, serves on Financial services and a 521 00:26:22,480 --> 00:26:25,280 Speaker 2: reliable voice here on Bloomberg. Congressman, it's good to see you. 522 00:26:25,720 --> 00:26:31,040 Speaker 2: Welcome back to reality here. We've been defying odds and 523 00:26:31,160 --> 00:26:33,800 Speaker 2: logic for weeks and weeks in the House. What do 524 00:26:33,840 --> 00:26:36,720 Speaker 2: you think about this idea. If there's something like a 525 00:26:36,800 --> 00:26:40,159 Speaker 2: deal in place, could your speaker get away with a 526 00:26:40,240 --> 00:26:42,159 Speaker 2: continuing resolution? Would you support it? 527 00:26:43,520 --> 00:26:45,760 Speaker 9: Well, our best case scenario is not have to kick 528 00:26:45,800 --> 00:26:48,399 Speaker 9: the can down the road, But shutting the federal government 529 00:26:48,440 --> 00:26:50,800 Speaker 9: down benefits no one hurts a lot of people, and 530 00:26:50,880 --> 00:26:53,560 Speaker 9: at the end of the day, it costs more. And 531 00:26:53,640 --> 00:26:55,640 Speaker 9: so I'd rather see us get to a deal. We've 532 00:26:55,640 --> 00:26:58,240 Speaker 9: been allowing ourselves to kick the can down the road. 533 00:26:58,280 --> 00:27:01,880 Speaker 9: That's not productive. Hope full we have a deal where 534 00:27:01,880 --> 00:27:05,920 Speaker 9: we can actually fund this year's appropriations bills, because it's 535 00:27:05,960 --> 00:27:08,439 Speaker 9: not only the top line amount of money, which is 536 00:27:08,560 --> 00:27:12,480 Speaker 9: a cut to non defense, non veterans discretionary spending that 537 00:27:12,560 --> 00:27:15,240 Speaker 9: hasn't been done in about six years, but it's also 538 00:27:15,280 --> 00:27:18,280 Speaker 9: the spending priorities that are in there we're breaking away 539 00:27:18,560 --> 00:27:20,919 Speaker 9: and the priorities that were loaded in during Democrat at 540 00:27:20,960 --> 00:27:21,800 Speaker 9: one party control. 541 00:27:23,680 --> 00:27:25,840 Speaker 8: Well, be that as it may, Congressman, there are plenty 542 00:27:25,880 --> 00:27:28,320 Speaker 8: of your colleagues who are not satisfied with the top 543 00:27:28,359 --> 00:27:31,800 Speaker 8: line figures. It seems this House Freedom Caucus certainly isn't. 544 00:27:31,840 --> 00:27:34,040 Speaker 8: How do you expect Mike Johnson, the House Speaker, to 545 00:27:34,160 --> 00:27:38,000 Speaker 8: navigate this and keep his job while doing so well. 546 00:27:38,040 --> 00:27:39,920 Speaker 9: A lot of us would like to see the funding 547 00:27:40,000 --> 00:27:42,960 Speaker 9: continue to go down. Unfortunately, we have a Democrat in 548 00:27:43,000 --> 00:27:46,280 Speaker 9: the White House and a Democrat run Senate that is 549 00:27:46,359 --> 00:27:49,480 Speaker 9: going to continue to push back and push for higher 550 00:27:49,520 --> 00:27:51,879 Speaker 9: spending levels. This is where the deal that was cut 551 00:27:52,240 --> 00:27:56,160 Speaker 9: under the FRA is the numbers that are before us 552 00:27:56,480 --> 00:27:59,600 Speaker 9: and getting the overall spending package done. And again it's 553 00:27:59,680 --> 00:28:03,600 Speaker 9: not the top line numbers, it's also the broader policies 554 00:28:03,720 --> 00:28:06,679 Speaker 9: that are included in the spending build. Those details have 555 00:28:06,840 --> 00:28:08,800 Speaker 9: yet to come out, but if we take a full 556 00:28:08,840 --> 00:28:11,880 Speaker 9: step back, we also have to recognize that we're only 557 00:28:11,920 --> 00:28:14,720 Speaker 9: having this conversation over about twelve point five percent of 558 00:28:14,760 --> 00:28:18,320 Speaker 9: the entire federal spending over the course of a given year. 559 00:28:18,800 --> 00:28:21,960 Speaker 9: If we want to really hammer out the broader challenge 560 00:28:22,040 --> 00:28:24,720 Speaker 9: that we're facing from a spending perspective, we need to 561 00:28:24,720 --> 00:28:26,680 Speaker 9: look at the seventy five percent of the spending that's 562 00:28:26,720 --> 00:28:29,439 Speaker 9: on autopilot right now. And I'd love to see us 563 00:28:29,480 --> 00:28:31,400 Speaker 9: take this moment and really move forward with a debt 564 00:28:31,400 --> 00:28:34,639 Speaker 9: commission and really force us to have the adult conversation 565 00:28:34,680 --> 00:28:38,200 Speaker 9: about where we're at. From a physical perspective, you know. 566 00:28:38,240 --> 00:28:41,600 Speaker 2: It's funny with all the talk in Washington about aging politicians, 567 00:28:41,600 --> 00:28:43,680 Speaker 2: we're not old enough to have that adult conversation. It 568 00:28:43,720 --> 00:28:47,120 Speaker 2: feels like, Congressman, you'd be your heart would be warmed 569 00:28:47,160 --> 00:28:49,560 Speaker 2: to know that we actually talked about Social Security and 570 00:28:49,600 --> 00:28:53,000 Speaker 2: Medicare on this program last hour, and the point of 571 00:28:53,040 --> 00:28:55,560 Speaker 2: the conversation was that no one will talk about it. 572 00:28:55,400 --> 00:28:57,440 Speaker 2: It is the third rail. It's in the lock box. 573 00:28:58,360 --> 00:29:00,920 Speaker 2: But those are the cards that you're adult right now. 574 00:29:00,920 --> 00:29:04,200 Speaker 2: And as you look down the barrel here of a 575 00:29:04,200 --> 00:29:08,160 Speaker 2: difficult negotiating session, it looks like there's another uprising on 576 00:29:08,200 --> 00:29:10,200 Speaker 2: the right. The Freedom Caucus does not like it. And 577 00:29:10,200 --> 00:29:13,520 Speaker 2: now Ron de Santis, the governor and presidential candidate, is 578 00:29:13,560 --> 00:29:16,959 Speaker 2: coming out against this agreement between the Speaker and Chuck Schumer, 579 00:29:17,000 --> 00:29:20,160 Speaker 2: the FRA deal. Will that have an impact on the 580 00:29:20,200 --> 00:29:21,040 Speaker 2: result in the House. 581 00:29:22,480 --> 00:29:24,800 Speaker 9: I don't know that the presidential politics over the course 582 00:29:24,840 --> 00:29:27,040 Speaker 9: of the next few weeks will have a significant impact 583 00:29:27,320 --> 00:29:30,080 Speaker 9: on the negotiations are going to take place on Capitol Hill. 584 00:29:30,120 --> 00:29:31,120 Speaker 9: I think at the end of the day, a lot 585 00:29:31,160 --> 00:29:33,360 Speaker 9: of people are frustrated with where we're at from a 586 00:29:33,400 --> 00:29:35,720 Speaker 9: spending level. They take it out on the twelve point 587 00:29:35,760 --> 00:29:39,360 Speaker 9: five percent of the budget that probably gets the most airtime. 588 00:29:39,400 --> 00:29:42,120 Speaker 9: It's important that we cut that spending, which we're doing 589 00:29:42,160 --> 00:29:43,840 Speaker 9: in this We could have the debate about how far 590 00:29:43,920 --> 00:29:45,280 Speaker 9: we need to cut it. I'd like to see it 591 00:29:45,320 --> 00:29:48,640 Speaker 9: go further, but again, we're negotiating with Democrats in the 592 00:29:48,640 --> 00:29:51,400 Speaker 9: White House and Democrats in the Senate, and shutting down 593 00:29:51,400 --> 00:29:53,960 Speaker 9: the federal government at the end of the day is 594 00:29:54,080 --> 00:29:56,760 Speaker 9: not a winning policy at the end of the dayay, 595 00:29:56,840 --> 00:29:59,720 Speaker 9: when every time that has been done the end result 596 00:29:59,840 --> 00:30:04,360 Speaker 9: is more spending rather than less spending. It's a path 597 00:30:04,640 --> 00:30:06,280 Speaker 9: that at the end of the day doesn't lead you 598 00:30:06,320 --> 00:30:08,480 Speaker 9: to the conservative goal that people are setting out to 599 00:30:08,520 --> 00:30:09,240 Speaker 9: try to achieve. 600 00:30:10,960 --> 00:30:13,400 Speaker 8: And yet there are some members of the House who 601 00:30:13,400 --> 00:30:15,720 Speaker 8: are currently saying shut down the border or shut down 602 00:30:15,760 --> 00:30:19,720 Speaker 8: the government, no security, no funding, these kind of ideas. Congressman, 603 00:30:19,720 --> 00:30:21,480 Speaker 8: that would suggests that if the House doesn't get what 604 00:30:21,520 --> 00:30:24,480 Speaker 8: it wants in terms of border reform, they would like 605 00:30:24,920 --> 00:30:27,600 Speaker 8: government funding at least for a time to cease. And 606 00:30:27,640 --> 00:30:30,120 Speaker 8: you speak of negotiations that have to happen between the 607 00:30:30,120 --> 00:30:31,680 Speaker 8: White House and the Senate. The White House and the 608 00:30:31,680 --> 00:30:35,000 Speaker 8: Senate are already trying to iron out a border security 609 00:30:35,040 --> 00:30:38,000 Speaker 8: deal as part of this supplemental funding request. Can you 610 00:30:38,040 --> 00:30:41,600 Speaker 8: commit to voting for whatever agreement they come to in 611 00:30:41,640 --> 00:30:43,760 Speaker 8: the name of bipartisan cooperation. 612 00:30:45,000 --> 00:30:47,440 Speaker 9: But I'm hopeful that we see some form of an 613 00:30:47,480 --> 00:30:50,000 Speaker 9: agreement come out of these negotiations. I want to read 614 00:30:50,000 --> 00:30:52,720 Speaker 9: it before i'd commit to it. But there's clearly a 615 00:30:52,840 --> 00:30:57,840 Speaker 9: need to restructure and reform our border policies. This administration 616 00:30:57,960 --> 00:31:00,000 Speaker 9: has been very aggressive from day one, where they stopped 617 00:31:00,200 --> 00:31:03,160 Speaker 9: border wall construction to send a global signal that the 618 00:31:03,280 --> 00:31:07,800 Speaker 9: US Mexico border is unsecure and individuals are able to 619 00:31:07,800 --> 00:31:10,320 Speaker 9: cross it. We got to end the abuse of the 620 00:31:10,360 --> 00:31:13,080 Speaker 9: parole system. We got to end catch and release, reinstate 621 00:31:13,120 --> 00:31:16,600 Speaker 9: stay in Mexico, immediately restart border wall construction, and if 622 00:31:16,640 --> 00:31:19,720 Speaker 9: we do that, we could get a significant handle on 623 00:31:19,760 --> 00:31:23,760 Speaker 9: the border crisis that's playing out. That's impacting communities all 624 00:31:23,800 --> 00:31:26,600 Speaker 9: across the United States, not just our nation's largest cities. 625 00:31:26,880 --> 00:31:29,800 Speaker 9: It's impacting smaller communities like a city called Whitewater in 626 00:31:29,840 --> 00:31:32,960 Speaker 9: Wisconsin in my district, but has fourteen thousand people and 627 00:31:33,040 --> 00:31:35,640 Speaker 9: now has it roughly estimated by the chief of police, 628 00:31:35,960 --> 00:31:38,040 Speaker 9: one thousand migrants now living. 629 00:31:39,800 --> 00:31:40,880 Speaker 2: Where are they living. 630 00:31:43,400 --> 00:31:46,520 Speaker 9: All throughout the city there was you know, there's a 631 00:31:46,600 --> 00:31:49,080 Speaker 9: housing that was available. Many of these individuals are living 632 00:31:49,600 --> 00:31:51,640 Speaker 9: and reasonably unsafe living conditions. 633 00:31:51,680 --> 00:31:52,520 Speaker 4: Has been a huge. 634 00:31:52,360 --> 00:31:55,360 Speaker 9: Burden on the school district. We're over three hundred students 635 00:31:55,400 --> 00:31:58,000 Speaker 9: have entered the school district. Again in the small town 636 00:31:58,560 --> 00:32:01,080 Speaker 9: need English as the second lange, which some of the 637 00:32:01,120 --> 00:32:05,480 Speaker 9: dialects some of the students speaks, primarily from Nicaragua in Venezuela, 638 00:32:05,560 --> 00:32:07,800 Speaker 9: don't match some of the Spanish language teachers in the 639 00:32:07,800 --> 00:32:11,360 Speaker 9: broader area. To burden on the police department, and it's 640 00:32:11,360 --> 00:32:14,640 Speaker 9: a huge challenge, and again the challenge that we see 641 00:32:14,760 --> 00:32:17,160 Speaker 9: on a lot of our larger media networks that focus 642 00:32:17,240 --> 00:32:20,760 Speaker 9: in on our nation's largest cities Chicago, New York, Denver 643 00:32:21,320 --> 00:32:24,200 Speaker 9: missed the fact that this is impacting every community in 644 00:32:24,240 --> 00:32:28,520 Speaker 9: the United States, including smaller communities in Wisconsin. Which is 645 00:32:28,640 --> 00:32:31,320 Speaker 9: why my trip to the border, I think was so relevant. 646 00:32:31,440 --> 00:32:34,080 Speaker 9: Is we got to change the policies that this administration 647 00:32:34,160 --> 00:32:35,160 Speaker 9: continues to implement. 648 00:32:36,200 --> 00:32:37,840 Speaker 2: Let's just stick with that for one minute, because you 649 00:32:37,880 --> 00:32:41,240 Speaker 2: mentioned parole, which according to all reports is the big 650 00:32:41,320 --> 00:32:45,480 Speaker 2: sticking point here. If you managed to increase funding for security, 651 00:32:46,240 --> 00:32:49,600 Speaker 2: tighten the definition of asylum and get some of the 652 00:32:49,600 --> 00:32:52,720 Speaker 2: other elements you're talking about without the parole reform, would 653 00:32:52,720 --> 00:32:54,320 Speaker 2: that be something that could pass the House. 654 00:32:55,600 --> 00:32:58,960 Speaker 9: Well, all of these pieces interact together, and again I 655 00:32:59,000 --> 00:33:00,240 Speaker 9: want to be able to get to us by we 656 00:33:00,240 --> 00:33:04,040 Speaker 9: can read the final negotiation. But reforming the prole system 657 00:33:04,200 --> 00:33:06,800 Speaker 9: is really important here and the reason for that is 658 00:33:06,840 --> 00:33:09,520 Speaker 9: many individuals right now or there's a catch and release 659 00:33:09,560 --> 00:33:12,840 Speaker 9: policy being pushed by this administration. So after seventy two 660 00:33:12,920 --> 00:33:16,000 Speaker 9: hours of after entering the country illegally, a vast number 661 00:33:16,000 --> 00:33:19,040 Speaker 9: of these individuals are released with a freedom of movement 662 00:33:19,120 --> 00:33:21,600 Speaker 9: with a date to appear in court, often three or 663 00:33:21,680 --> 00:33:24,040 Speaker 9: four years out. So what we need to do is 664 00:33:24,120 --> 00:33:28,200 Speaker 9: actually adjudicate these cases on the spot. And the abuse 665 00:33:28,240 --> 00:33:31,600 Speaker 9: that's occurring is the overwhelming majority of these are not 666 00:33:31,800 --> 00:33:35,480 Speaker 9: actually valid asylum claims. The challenge is the ability to 667 00:33:35,560 --> 00:33:39,120 Speaker 9: process those under our current system is delayed, often three, 668 00:33:39,240 --> 00:33:42,840 Speaker 9: four or more years, which exacerbates the problem. 669 00:33:44,120 --> 00:33:47,440 Speaker 8: Well, there is a certain coorus at least in the 670 00:33:47,440 --> 00:33:50,760 Speaker 8: House that is saying HR two contains many of these policies, 671 00:33:50,800 --> 00:33:54,120 Speaker 8: Therefore HR two should be what passes or something very 672 00:33:54,200 --> 00:33:56,360 Speaker 8: very similar to it. Yet we know that the HR 673 00:33:56,400 --> 00:33:58,320 Speaker 8: two was actually dead on arrival in the Senate when 674 00:33:58,360 --> 00:34:01,920 Speaker 8: you passed it months ago go. Are you concerned that 675 00:34:01,960 --> 00:34:07,000 Speaker 8: there won't be enough Republican members of the House that 676 00:34:07,040 --> 00:34:09,160 Speaker 8: are willing to support not just a border deal, but 677 00:34:09,200 --> 00:34:12,040 Speaker 8: potentially whatever funding agreement be a at a continuing resolution 678 00:34:12,120 --> 00:34:14,719 Speaker 8: or actual appropriation bills, that once again it will be 679 00:34:15,120 --> 00:34:17,960 Speaker 8: Democrats that carry this over the finish line, and that 680 00:34:18,000 --> 00:34:21,240 Speaker 8: as a result, Speaker Johnson is going to be in jeopardy. 681 00:34:22,800 --> 00:34:26,319 Speaker 9: Well, an incredibly narrow majority like we have right now, 682 00:34:26,360 --> 00:34:29,560 Speaker 9: getting anything done is incredibly difficult. I think people are 683 00:34:29,600 --> 00:34:32,680 Speaker 9: aware the Speaker Johnston has been dealt to difficult hand, 684 00:34:32,719 --> 00:34:36,320 Speaker 9: and he's negotiating valiantly to try to bring the spending 685 00:34:36,360 --> 00:34:38,879 Speaker 9: down and address the border crisis. I would have loved 686 00:34:38,920 --> 00:34:40,960 Speaker 9: to have seen the Senate take HR two and put 687 00:34:40,960 --> 00:34:42,959 Speaker 9: it on the floor and amend it as they see fit. 688 00:34:43,280 --> 00:34:46,200 Speaker 9: What the Senate has really done has not allowed this 689 00:34:46,280 --> 00:34:48,640 Speaker 9: to play out on the floor of the Senate so 690 00:34:48,680 --> 00:34:51,120 Speaker 9: that people can see where their senators stand, has released 691 00:34:51,160 --> 00:34:55,160 Speaker 9: to really important policy provisions. I'd also mention Kailey that 692 00:34:55,200 --> 00:34:59,520 Speaker 9: the border crisis has gotten significantly works over the past 693 00:34:59,520 --> 00:35:02,360 Speaker 9: handflow months, and so the political dynamic in the Senate 694 00:35:02,680 --> 00:35:05,279 Speaker 9: has changed, and I think that is causing a greater 695 00:35:05,360 --> 00:35:08,680 Speaker 9: sense of urgency and understanding that action has to be taken. 696 00:35:08,760 --> 00:35:12,040 Speaker 9: It was just last month that three hundred thousand individuals 697 00:35:12,320 --> 00:35:15,240 Speaker 9: illegally entered the United States and Americans half the population 698 00:35:15,239 --> 00:35:18,040 Speaker 9: of the city of Milwaukee coming in in just a month, 699 00:35:18,200 --> 00:35:20,719 Speaker 9: and so we're in a situation where this is untenable. 700 00:35:21,080 --> 00:35:24,200 Speaker 9: People are becoming more aware of that in maybe the 701 00:35:24,239 --> 00:35:26,719 Speaker 9: political dynamic and the Senate as such, that we're going 702 00:35:26,760 --> 00:35:29,880 Speaker 9: to be able to actually get substantive order security across 703 00:35:29,960 --> 00:35:30,560 Speaker 9: the line. 704 00:35:31,400 --> 00:35:33,960 Speaker 2: It sure has been seeming like a kungressman. But Senator 705 00:35:34,000 --> 00:35:37,719 Speaker 2: Langford was sound a pretty downbeat when he left a 706 00:35:37,760 --> 00:35:41,080 Speaker 2: briefing with some House members yesterday, and he was specifically 707 00:35:41,120 --> 00:35:45,200 Speaker 2: concerned about being able to craft something that Democrats could 708 00:35:45,239 --> 00:35:46,960 Speaker 2: also vote for, knowing that there's going to be an 709 00:35:46,960 --> 00:35:51,160 Speaker 2: effort starting tomorrow to impeach the Homeland Security Secretary, who 710 00:35:51,200 --> 00:35:53,719 Speaker 2: was actually at the table with James Langford and the 711 00:35:53,760 --> 00:35:56,560 Speaker 2: other negotiators here is this the right time to be 712 00:35:56,600 --> 00:35:59,959 Speaker 2: impeaching the secretary knowing that he's, as Langford said, simply 713 00:36:00,080 --> 00:36:02,480 Speaker 2: carrying out the policies of this administration. 714 00:36:03,600 --> 00:36:07,240 Speaker 9: Well, he's done a pretty abysmal job of enforcing border security. 715 00:36:07,280 --> 00:36:10,319 Speaker 9: He's been less than honest before Congress when he came 716 00:36:10,360 --> 00:36:13,000 Speaker 9: before us and said in his own words that the 717 00:36:13,040 --> 00:36:16,200 Speaker 9: border was secure when we know that that is not true. 718 00:36:16,400 --> 00:36:19,680 Speaker 9: And so I think applying pressure onto the secretary is 719 00:36:19,840 --> 00:36:23,560 Speaker 9: really important here to get the enforcement of the laws 720 00:36:23,600 --> 00:36:25,879 Speaker 9: around the books, to put pressure on the Biden administration 721 00:36:26,239 --> 00:36:28,440 Speaker 9: to change course. And so we're going to have to 722 00:36:28,480 --> 00:36:32,200 Speaker 9: continue to push on DHS to change the policies that 723 00:36:32,200 --> 00:36:34,759 Speaker 9: they're implementing right now. But the one part that I 724 00:36:34,800 --> 00:36:39,680 Speaker 9: think is relevant here is simply removing him doesn't solve 725 00:36:39,760 --> 00:36:43,200 Speaker 9: the problem wholesale, because all it will do is allow 726 00:36:43,239 --> 00:36:46,480 Speaker 9: a new individual to come in to continue to exacerbate 727 00:36:46,520 --> 00:36:49,520 Speaker 9: the bad policies the administration. It's why actually passing this 728 00:36:49,560 --> 00:36:51,799 Speaker 9: from the legislative standpoint at the end of the day 729 00:36:51,880 --> 00:36:52,680 Speaker 9: is so imperative. 730 00:36:53,920 --> 00:36:56,640 Speaker 8: Congressman, we could talk to you about the border and 731 00:36:56,680 --> 00:36:59,200 Speaker 8: those who are enforcing or not is security all day, 732 00:36:59,239 --> 00:37:00,920 Speaker 8: but there is actually something else I want to get 733 00:37:00,920 --> 00:37:03,840 Speaker 8: your take on. Knowing you sit on financial services and 734 00:37:03,880 --> 00:37:05,880 Speaker 8: this is an issue that you pay a lot of 735 00:37:05,880 --> 00:37:09,680 Speaker 8: attention to a spot Bitcoin etf rumor has that the 736 00:37:09,719 --> 00:37:12,240 Speaker 8: SEC could actually approve one or many for the first 737 00:37:12,239 --> 00:37:16,279 Speaker 8: time ever by the end of the day tomorrow. Would 738 00:37:16,280 --> 00:37:19,080 Speaker 8: that improve your view of the SEC under Gary Gensler 739 00:37:19,120 --> 00:37:19,840 Speaker 8: as a regulator. 740 00:37:21,680 --> 00:37:25,120 Speaker 9: What so much of the broader crypto industry needs is 741 00:37:25,120 --> 00:37:27,920 Speaker 9: that actually simply rules of the road so they can operate, 742 00:37:28,320 --> 00:37:32,239 Speaker 9: and continuing to allow the SEC and other agencies to 743 00:37:32,320 --> 00:37:35,440 Speaker 9: create policy through enforcement is a really bad practice. So 744 00:37:35,520 --> 00:37:38,680 Speaker 9: if we are in a position where're actually allowing companies 745 00:37:38,719 --> 00:37:40,880 Speaker 9: to be able to operate here in the United States 746 00:37:41,239 --> 00:37:44,600 Speaker 9: rather than pushing them abroad to conduct their business, that's 747 00:37:44,640 --> 00:37:47,440 Speaker 9: a step in the right direction. But broadly speaking, I 748 00:37:47,440 --> 00:37:49,920 Speaker 9: think we'd be best served by having a set of 749 00:37:50,000 --> 00:37:52,919 Speaker 9: rules in place that companies can then know that they're 750 00:37:52,960 --> 00:37:56,279 Speaker 9: operating in the sandbox of regulatory safety, so they can 751 00:37:56,320 --> 00:37:59,120 Speaker 9: do the innovation and development here in the United States 752 00:37:59,160 --> 00:38:02,360 Speaker 9: of America. Failure to do that will continue to push 753 00:38:02,400 --> 00:38:05,879 Speaker 9: this development in countries outside the United States, which will 754 00:38:05,880 --> 00:38:08,080 Speaker 9: have negative long term consequences. 755 00:38:08,719 --> 00:38:12,880 Speaker 2: Well, while we're introducing new topics to our conversation here, Congressman, 756 00:38:12,920 --> 00:38:14,600 Speaker 2: I have to ask you, as the chair of the 757 00:38:14,640 --> 00:38:18,239 Speaker 2: Admin Committee, what your thoughts are, and I realized that 758 00:38:18,320 --> 00:38:20,680 Speaker 2: you don't oversee the Pentagon, but your thoughts on this 759 00:38:21,280 --> 00:38:24,320 Speaker 2: whole issue involving the whereabouts and the chain of command, 760 00:38:24,600 --> 00:38:30,080 Speaker 2: the communication or lack thereof that has surrounded the Secretary 761 00:38:30,120 --> 00:38:32,560 Speaker 2: of Defense, Lloyd Austin. We've not been able to get 762 00:38:32,600 --> 00:38:36,880 Speaker 2: answers to most any of our questions from the Pentagon. 763 00:38:36,960 --> 00:38:40,120 Speaker 2: Here there are a lot of folks wondering why days 764 00:38:40,320 --> 00:38:43,600 Speaker 2: passed without anyone knowing that he had been admitted to 765 00:38:43,600 --> 00:38:47,319 Speaker 2: the hospital. And I wonder, as chair of a House committee, 766 00:38:47,960 --> 00:38:51,120 Speaker 2: if you have a plan, for instance, if you were 767 00:38:51,200 --> 00:38:55,120 Speaker 2: incapacitated or sick, what happens when the chairman cannot attend 768 00:38:55,120 --> 00:38:55,799 Speaker 2: work one day? 769 00:38:57,320 --> 00:39:01,040 Speaker 9: What played out of the Defence Department is incredibly concerning, 770 00:39:01,080 --> 00:39:03,400 Speaker 9: and for particular a period of time where we have 771 00:39:03,400 --> 00:39:05,760 Speaker 9: the global challenges that we're facing. 772 00:39:05,880 --> 00:39:06,680 Speaker 2: It's a clear. 773 00:39:06,719 --> 00:39:10,040 Speaker 9: Indication there's a significant lack of communication between the Defense 774 00:39:10,080 --> 00:39:12,320 Speaker 9: Department in the White House. I think there needs to 775 00:39:12,360 --> 00:39:16,200 Speaker 9: be significantly more transparency as to why this occurred and 776 00:39:16,480 --> 00:39:19,160 Speaker 9: the House side. There's a simple chain of command. If 777 00:39:19,160 --> 00:39:21,319 Speaker 9: the Chairman wasn't there, the next in line would be 778 00:39:21,360 --> 00:39:24,280 Speaker 9: in the position to be able to step up and operate. 779 00:39:24,600 --> 00:39:28,319 Speaker 9: But the failure and the lack of communication between our 780 00:39:28,440 --> 00:39:33,359 Speaker 9: leading defense, the Chairman of Defense back with the White 781 00:39:33,360 --> 00:39:34,960 Speaker 9: House is concerning. I think there needs to be a 782 00:39:35,000 --> 00:39:38,200 Speaker 9: lot more transparency about what occurred and why it occurred. 783 00:39:39,600 --> 00:39:41,400 Speaker 2: Congress, but it's good to see you, good luck in 784 00:39:41,440 --> 00:39:43,160 Speaker 2: the debate, and we'd like to stay in touch with 785 00:39:43,200 --> 00:39:45,719 Speaker 2: you as we learn more Congressman Brian's style of Wisconsin. 786 00:39:47,480 --> 00:39:49,799 Speaker 2: Thanks for listening to the Sound On podcast. Make sure 787 00:39:49,800 --> 00:39:52,680 Speaker 2: to subscribe if you haven't already, at Apple, Spotify, and 788 00:39:52,760 --> 00:39:55,279 Speaker 2: anywhere else you get your podcasts, and you can find 789 00:39:55,360 --> 00:39:58,440 Speaker 2: us live every weekday from Washington, DC at one pm 790 00:39:58,480 --> 00:40:02,680 Speaker 2: Eastern Time. Bloomberg dot com