Speaker 1: Police from DC's top name. So what the President wants
Speaker 1: to continue to do is make sure that we're lowing
Speaker 1: energy costs for the American family. He shakes hands with
Speaker 1: ghosts and imaginary people. He falls off bis. First of all,
Speaker 1: I'm glad to have a president who can ride it
Speaker 1: by Schomberg Sound On with Joe Matthew on Bloomberg Radio.
Speaker 1: Democrats help the MAGA candidate win the Republican nomination for
Speaker 1: governor in Maryland. Welcome to the fastest Hour in politics,
Speaker 1: the day after a primary that was a microcosm for
Speaker 1: the mid terms. We'll talk with Jessica Taylor of the
Speaker 1: Cook Political Report. Coming up, President Biden travels to New
Speaker 1: England today announcing new climate initiatives, but stopped short of
Speaker 1: declaring a climate emergency. We'll discuss a challenged agenda with
Speaker 1: Alice Hill, Senior Fellow for Energy and the Environment at
Speaker 1: the Council on Foreign Relations. Analysis from our signature panel.
Speaker 1: They're both here today Bloomberg Politics contributors Jeanie Chanzano and
Speaker 1: Rick Davis. Was a clear win for Dan Coxlaw last
Speaker 1: night in Maryland. He won the Republican gubernatorial primary thanks
Speaker 1: in part or largely depending on how you look at
Speaker 1: this to a big endorsement. I want to thank President
Speaker 1: Trump at the victory party last night, putting Cox about
Speaker 1: fifteen points ahead of establishment Republican candidate Kelly Schltz was
Speaker 1: endorsed by her former boss, the outgoing Governor Larry Hogan.
Speaker 1: It's unclear who Cox will face with a Democratic field,
Speaker 1: a big one that's still too close to call, although
Speaker 1: author Wes Moore, you know, the endorsed by Oprah Winfrey
Speaker 1: is actually in the league in a group of believers
Speaker 1: that we as a state can be bolder, that we
Speaker 1: can move faster, that we can do this, and we
Speaker 1: can do this work together. Now the state begins counting
Speaker 1: mail in ballots tomorrow, and uh we get into some
Speaker 1: of the results here from last night, and also follow
Speaker 1: the money in Maryland with Jessica Taylor, who joins us
Speaker 1: once again on this day after the primary, Senate and
Speaker 1: Governor's editor for the Cook Political Report. It's great to
Speaker 1: have you back, Jessica, welcome. How long do we think
Speaker 1: it might take to learn who won the Democratic nomination?
Speaker 1: Well Morris ahead of former d n C chairman and
Speaker 1: former Obama Labor secretary Tom Perez by about ten point,
Speaker 1: and we saw a much heavier Democratic mail in voting
Speaker 1: than Republicans, which is sort of the trend we have
Speaker 1: been seeing. Um So, if this counting starts tomorrow, if
Speaker 1: there's a clear trait sort of that I expect, if
Speaker 1: you know that sort of ten point maybe a little
Speaker 1: closer margin continues, I think we could see it, you know,
Speaker 1: called within a couple of days. After that we're just
Speaker 1: on clear half after they're going to count too. So
Speaker 1: that's that's become an issue. Of course. Lately, I want
Speaker 1: to ask you about who actually bankrolled Dan Cox's campaign though,
Speaker 1: because this is this would be whomever the Democratic nominee
Speaker 1: is there referred rival right. Much has been made of
Speaker 1: the fact that the Democratic Governor's Association dumped over a
Speaker 1: million dollars. I think it was closer to two million
Speaker 1: dollars into ads and mailer's for Dan Cox. If we
Speaker 1: can say that they were critical through the eyes of
Speaker 1: a Democrat, but you know, they they emphasized his ties
Speaker 1: to Trump, and the idea is that Democrats would be
Speaker 1: able to run against the person they saw as the
Speaker 1: weaker candidate. They used an ad campaign called Meet Dan
Speaker 1: Meet Dan Cox, Donald Trump's hand pick candidate for Maryland
Speaker 1: Governor Cox worked with Trump trying to prove the last
Speaker 1: election was a fraud. One pent pro life. He's finding
Speaker 1: an end abortion in Maryland. You get the pushing his
Speaker 1: connections to Trump helped to draw Trump supporters to his side.
Speaker 1: This is not a new strategy, of course, Jessica. Democrats
Speaker 1: did this in other states already in this cycle Colorado, Illinois, Pennsylvania,
Speaker 1: and both parties Democrats and Republicans have done this over
Speaker 1: the decades. Here, Kelly Shaltz, who lost last night, calls
Speaker 1: it manipulation. MISSI right, Well, different writs are right, and
Speaker 1: this is the same message they would use in a
Speaker 1: general election. Of course, this is a state that Trump
Speaker 1: lost by thirty three points in so you know, it's
Speaker 1: sort of the backhanded way that he is that is
Speaker 1: more effective with Republican primary voters and then you, by effect,
Speaker 1: get the weaker nominee um. Now, this has been somewhat controversial,
Speaker 1: and you know closer states where they've tried this because
Speaker 1: they're saying, you know, you have election deniers and people
Speaker 1: that they say with threaten democracy. But given the heavily
Speaker 1: Republican environment, we expect in November, those people could still
Speaker 1: very much win. It's not a in a state like
Speaker 1: Maryland that is pretty solidly blue. Listen, if Schroltz had one, um,
Speaker 1: she was in the MOLDI Larry Hogan, like we have
Speaker 1: a there's a tried in true way that blue states
Speaker 1: have elected Republican governors and they have to be models
Speaker 1: and they have to be Centrists. That's the reason why
Speaker 1: have Larry Hogan that was handily re elected in ethan
Speaker 1: and democratic year. Um, the governor of Vermont is a Republican.
Speaker 1: You know, it's hard to think of. You know, you
Speaker 1: have Bernie Sanders and a Republican governor from his state.
Speaker 1: Look at Charlie Baker in Massachusetts where the where the
Speaker 1: president was today. But I guess that raises the question, then, Jessica,
Speaker 1: is this does does that nominee? Then if Democrats are
Speaker 1: are thumbing the scale to get a MAGA candidate in there,
Speaker 1: that candidate doesn't necessarily represent the Republicans who live in
Speaker 1: that state. So so that is technically manipulating the outcome.
Speaker 1: But then again welcome to politics. Well, if we look
Speaker 1: at the attorney general's primary there too, where you did
Speaker 1: not see such spending um it turned out to be
Speaker 1: about the same margin. So I think we just see
Speaker 1: the Republican Party as a whole ones that are more
Speaker 1: like more likely to vote in primary that they are
Speaker 1: more conservative, and they are more closely tied to the
Speaker 1: Trump space. I mean Hogan and Baker's popularity there. It
Speaker 1: doesn't come necessarily from Republicans, is from Independence and Democrats,
Speaker 1: and that's how you have filled a winning coalition. So
Speaker 1: I think even if Democrats cannot spend in this, I
Speaker 1: still think the outcome probably would have been the same
Speaker 1: with Cox winning, just because that is how we see
Speaker 1: that the Republican Party and these the prime electorate is
Speaker 1: more conservative. Yeah, that's a great point. Then, knowing that
Speaker 1: that Kelly Schultz would have likely been a more formidable
Speaker 1: candidate against any Democratic nominee. Right, Larry Hogan had the
Speaker 1: recipe that you just pointed out, and it requires Democrats
Speaker 1: to vote for you in the general. Right, And we
Speaker 1: mentioned Baker there in Massachusetts. Trump waited into that race.
Speaker 1: This is a race that would have stayed solid Republican
Speaker 1: in our ratings if Baker had run for a third term.
Speaker 1: Hogan didn't have that option because the term limits but
Speaker 1: Trump endorsed his primary challenger that there was a very
Speaker 1: good chance he was going to lose too, so he
Speaker 1: decided retirement. We moved both of these races, and our
Speaker 1: ratings changes today just solid Democrats. There were instances where
Speaker 1: Republicans could have possibly held on the of VC. I
Speaker 1: think definitely if Baker were running in Massachusetts, if Sholt
Speaker 1: had one UM, you know, it would be competitive at
Speaker 1: least given this environment, and you know whether she debate
Speaker 1: back and forth and whether she can sort of recreate
Speaker 1: that Hogan magic, but it at least would have been competitive. Instead,
Speaker 1: these are two Republican health states that are going to
Speaker 1: all but surely flipped to Democrats in the fall. And
Speaker 1: it's because Trump has weighted in picked weaker candidates UM
Speaker 1: and he's cost Republicans to two governors racist flat out. Yeah, well,
Speaker 1: it's a great point that you're making, though, I mean,
Speaker 1: I know that this is just the business of politics
Speaker 1: for you, Jessica, but for some of our listeners, that's incredible.
Speaker 1: You guys moved the Cook Political Report, moved this race
Speaker 1: in Maryland too, Leans Democratic, not even knowing who the
Speaker 1: Democratic nominee will be because it doesn't matter we moved
Speaker 1: it to solid it was solid Democratic. Yes, because because
Speaker 1: it doesn't matter, literally doesn't matter who Dan Cox will face,
Speaker 1: It really does not. He is the type of he
Speaker 1: is the complete one eight from the type of Republican
Speaker 1: that can even be remotely competitive in a blue statelight Maryland. Well,
Speaker 1: I guess that tells us a lot about where we
Speaker 1: are here. I won't ask you about Jeff Deal. I
Speaker 1: don't think that name has come up on this program either,
Speaker 1: that that that would be the Republican running for governor
Speaker 1: in Massachusetts. Not a prayer, Jessica. He's running against Maura Healey,
Speaker 1: the the attorney general in the state, is very popular.
Speaker 1: She is She would actually be the first openly lesbian
Speaker 1: governor UM if she wins as expected. So yeah. Also, again,
Speaker 1: I'm not sure Healey would have run if Baker was
Speaker 1: going to run again, especially given the political environment. But again,
Speaker 1: if Baker would have run again, I truly believe he
Speaker 1: would have won. But without him, and you know, his
Speaker 1: lieutenant governor passed on the race. Jeff Deal very much
Speaker 1: in the same mold as Dan Cox. Massachusetts has has
Speaker 1: elected centrist Republican governors before Bill Well, Mitt Romney, Mit Romney.
Speaker 1: That's right, not in that realm uh not lost on us,
Speaker 1: by the way, that Charlie Baker did not attend the
Speaker 1: presidential event today in Somerset, mass I don't believe the
Speaker 1: Lieutenant governor was there either. It was the was the
Speaker 1: Democratic delegation. But that's the way things are sometimes in Massachusetts,
Speaker 1: says We spend time with Jessica Taylor of the Cook
Speaker 1: Political Report. Jessica, I want to ask you about the
Speaker 1: Pence effect here and if there actually is one. We
Speaker 1: saw Mike Pence, of course succeed in in in at
Speaker 1: least choosing the right side in the gubernatorial primary in Georgia,
Speaker 1: but he's getting more involved. He's endorsed to Candida to
Speaker 1: to run against the Trump picked candidate for governor in Arizona.
Speaker 1: And we just learned today is gonna be speaking at
Speaker 1: the Heritage Foundation on Monday here in Washington. That's gonna
Speaker 1: be coinciding with Donald Trump's big comeback event. He's doing
Speaker 1: a two day conference in which he'll be the keynote
Speaker 1: speaker on Tuesday. First time he's in town since leaving
Speaker 1: the White House. Is Mike Pence rising on the campaign trail?
Speaker 1: Listen if you were anti Donald Trump or maybe like
Speaker 1: something and sent away, then you can see that I
Speaker 1: think that he stood up and did what was right.
Speaker 1: On January six, you were not going to vote for
Speaker 1: Donald Trump again, and at least a primary already. But
Speaker 1: I just given where Trump stands, I think your phone
Speaker 1: might be given up on us here, Jessica, Jessica Taylor.
Speaker 1: I do appreciate the insights, as always cook political reports,
Speaker 1: Senate and Governor's Editor. Maybe we can get to Jessica
Speaker 1: back if we can clean up the line here. But
Speaker 1: this is something that we need to talk about, and
Speaker 1: we will do it with the panel. First. I was
Speaker 1: going to tell you about the Trump event next week,
Speaker 1: and this is actually this is a it's a riot.
Speaker 1: It's going to be over the course of two days
Speaker 1: here at a hotel in downtown Washington. It's I believe
Speaker 1: it's a make a build. I don't remember what we're
Speaker 1: doing to America, but it's a it's a like a
Speaker 1: mega event that you with an obvious title. I'll pull
Speaker 1: this up in a second. Here. Uh, he's going to
Speaker 1: be talking for the first time here, surrounded by members
Speaker 1: of Congress, former Trump administration officials who support what he
Speaker 1: has to say about the election. The day earlier at
Speaker 1: the Heritage Foundation, you're gonna have Mike Pence talking, So
Speaker 1: this is gonna be kind of a Pence v. Trump
Speaker 1: set up next week that we'll be talking a lot
Speaker 1: more about him. We'll do that with the panel coming up.
Speaker 1: Jeanie Chanzano and Rick Davis are with us Bloomberg Politics contributors.
Speaker 1: As we say thank you again at Jessica Taylor from
Speaker 1: the Cook Political Report, and I mentioned President Biden in
Speaker 1: New England today, jumped on Air Force one uh to Somerset, Massachusetts,
Speaker 1: not far from beautiful Rhode Island, and we'll tell you
Speaker 1: why he did not declare a climate emergency as many predicted,
Speaker 1: but trying to loosen up the market for windmills. Will
Speaker 1: tell you what he was doing there at a former
Speaker 1: coal plant in New England. It's great to be back
Speaker 1: with you. Thanks for joining us on the fastest hour
Speaker 1: in politics. Our panels up next, This is Bloomberg Tomorrow,
Speaker 1: Bloomberg's David Weston speaks with Bank of America's CEO Brian moynahan.
Speaker 1: The account bounce of the consumer pre pandemic to now
Speaker 1: are multiple figures tune in tomorrow at Knew on Balance
Speaker 1: of Power. Our small business originations are up here every year.
Speaker 1: Bank of America's CEO, Brian Moynahan small business consumers. Are
Speaker 1: they worried about inflation yet? Because every time they opened
Speaker 1: a paper, the paper says worried about inflation? Tomorrow anew
Speaker 1: on Bloomberg, e Love and Trio, the Bloomberg Business app
Speaker 1: and Bloomberg Radio dot Com. You're listening to Bloomberg Sound
Speaker 1: On with Joe Matthew on Bloomberg Radio. So did Democrats
Speaker 1: do something untoward in Maryland? Or is that just the
Speaker 1: game of politics? After all, they did get an election
Speaker 1: Denier elected while they helped get him elected. Dan Cox
Speaker 1: beat the preferred Republican establishment candidate, Kelly Schultz in what
Speaker 1: was not a close race in this primary in Maryland,
Speaker 1: up by fifteen points or so, and he talked to
Speaker 1: the A P when it was done. Democrats are afraid.
Speaker 1: I think the progressive Democrats see our candidacy is the
Speaker 1: only one willing to stand up and articulate the values
Speaker 1: that everyone loves in Maryland, the progressive values of bigger government,
Speaker 1: of more lockdowns, of vaccine, passports of jobs, for jobs.
Speaker 1: These are out the window, and my administration endorsed by
Speaker 1: Donald Trump, bankrolled in part by the Democratic Governors Association,
Speaker 1: which preferred to run against him, even though we do
Speaker 1: not have a Democratic nominee yet. And so we just
Speaker 1: heard from Jessica Taylor Cook Political Report put this in
Speaker 1: the Strong Democratic column based on what happened last night.
Speaker 1: Let's assembled our panel. I missed both of them. Rick
Speaker 1: Davis with us from New York. Genie Shenzano is here
Speaker 1: in Washington, d C. Bloomberg Politics contributors. Did you ever
Speaker 1: pull one of these, Rick, when you were running campaigns,
Speaker 1: start to put money behind the candidate you would hope
Speaker 1: to face. You know, I don't think we ever use
Speaker 1: financial resources. They were always you know, sort of too
Speaker 1: valuable to our own candidate. But we certainly elevated other
Speaker 1: candidates in the sense of, you know, saying nice things
Speaker 1: about them on a stump or you know, being flattering
Speaker 1: to them in a debate, But not so much like
Speaker 1: what we've seen in the Democratic Party's efforts this time around,
Speaker 1: especially with candidates who in other times would have been
Speaker 1: considered fringe candidates. In other words, what happens if lightning
Speaker 1: strikes and this person actually gets elected. What a disaster
Speaker 1: that would be for the state in the country. So
Speaker 1: I think this is planned with fire, and I and I'm,
Speaker 1: I'm just my own instinct is that it's a little
Speaker 1: too cute by half. Do you worry a genie about
Speaker 1: who might get elected? Is this to be careful what
Speaker 1: you ask for? I think it is um. You know,
Speaker 1: the Democrats are essentially banking on the fact that these
Speaker 1: far right Trump candidates that they're you know, investing quite
Speaker 1: frankly in some cases millions of dollars in on the
Speaker 1: Democratic governor's association that they will you know, be easier
Speaker 1: to beat. But of course that has worked out in
Speaker 1: some cases. People talk a lot about Claire McCaskill's run
Speaker 1: as being an example when that has worked out. But
Speaker 1: the fear here is it may not always work out.
Speaker 1: And I think Mastriano in Pennsylvania is a really good example.
Speaker 1: We don't know yet that's going to be a tough race,
Speaker 1: but in this environment, they are playing with fire. But
Speaker 1: the real concern here is that you've got Democrats on
Speaker 1: the January six Committee who have you know, put essentially
Speaker 1: their careers on the line in some cases who are
Speaker 1: making the case about the danger this these people pose
Speaker 1: to democracy itself. And I think that those two things
Speaker 1: make this really problematic and hypocritical. And you know, we
Speaker 1: saw people like David Brooks and the New York Times
Speaker 1: call out the Democrats on that, and I don't think
Speaker 1: voters are going to pay much attention, but I do
Speaker 1: think it is a dangerous game to be playing. But again,
Speaker 1: you do whatever you can with the resources you have
Speaker 1: to win a race here, right Rick. I mean at
Speaker 1: some point it's welcome to the NFL, isn't it. Yeah.
Speaker 1: I mean each strategy has a risk associated with it,
Speaker 1: and in the risk in this case is that you
Speaker 1: help one of these French candidates get denomination and they win,
Speaker 1: and so you just gravitate toward whatever the less risky approaches.
Speaker 1: I honestly, I think they could have saved a million
Speaker 1: bucks because they were likely to win a governor's race
Speaker 1: in um, you know, in Maryland anyway, and so I
Speaker 1: use a million dollars to try and influence a primary
Speaker 1: that's probably not going to matter at the end. So
Speaker 1: I I really wonder what their strategy is because I
Speaker 1: think they're just playing along the edge and they're creating
Speaker 1: this conflict within their own party on values and and
Speaker 1: Genie's right. I mean, they've they've invested so heavily in
Speaker 1: these January six areas where the point is that the
Speaker 1: kind of rhetoric that Donald Trump is using is hurtful
Speaker 1: to the democracy, and yet they're putting money behind it.
Speaker 1: So I think that's a bit of a conflict they're
Speaker 1: gonna have trouble resolving. Will be a heck of a
Speaker 1: story if one of the wins. To your point, but
Speaker 1: you put, boy, you know, when you listen to Uh
Speaker 1: Jessica talk about this Genie for Cook to put this,
Speaker 1: this is why people hate Washington. Right, First of all,
Speaker 1: you've got one party trying to bankroll the other one
Speaker 1: to try to gain the system. Then the Cook Political
Speaker 1: report puts this in the strongly democratic column without knowing
Speaker 1: who the Democratic nominee will be. Has this become that predetermined,
Speaker 1: you know, in the case of Maryland, to Rick's point,
Speaker 1: it has it has its own model like that. I mean,
Speaker 1: this is this is why people don't trust us, and
Speaker 1: quite frankly, this is why people decide not to go
Speaker 1: to the polls. And and that to me is really troubling.
Speaker 1: You know, I live in New York, and that is
Speaker 1: essentially in many areas, a one party or one district state.
Speaker 1: You know, you win the primary and Alexandrocazio Cortes is district,
Speaker 1: that is it. There's no battle new York City, very
Speaker 1: very you know, there have been battles, but it's a
Speaker 1: few and far between. So that, to me is is
Speaker 1: a problem from a Democratic perspective, because we want to
Speaker 1: health parties to be contesting people to get out and
Speaker 1: to make their choice, and that's not what is happening
Speaker 1: in many of these states. And you know, I think
Speaker 1: Cook is is actually right. Whoever wins the Democratic primary,
Speaker 1: if it's Westmore, whoever it is, they are going to
Speaker 1: likely win the governorship, which, to Rick's point, makes this
Speaker 1: millions of dollars spent trying to boost cox Um, you know,
Speaker 1: a little bit questionable. But you know, maybe Democrats feel
Speaker 1: they have more at risk than Cook does. So does
Speaker 1: this then mean Rick, the end of the of the
Speaker 1: moderate to the extent that Jessica was discussing. You think
Speaker 1: of the moderate Republican governor in a blue state, the
Speaker 1: Larry Hogan, the Charlie Baker, the Mitt romneyar Bill, Well,
Speaker 1: we don't do those anymore then no. I must say, though,
Speaker 1: I have to take a shot at the Cook Report
Speaker 1: because Charlie Cook said that John McCain's campaign was dead
Speaker 1: and buried when they failed in the summer, right before
Speaker 1: we came back and won the nomination. I must say
Speaker 1: that that was one of my higher points on seeing
Speaker 1: Charlie after we won the nomination. Very good. This is
Speaker 1: why we have Rick Davis and Jennie Chanzano our signature panel.
Speaker 1: They're with us for the hour. As we turned to
Speaker 1: what the President was up to today on a plane
Speaker 1: in New England to talk about the climate. Alice Hill
Speaker 1: will join us from the Council on Foreign Relations. This
Speaker 1: is Bloomberg, the old Braton Point Power Station and Somerset
Speaker 1: mass was the setting today as President Biden left the
Speaker 1: bubble to talk about his climate agenda. I come here
Speaker 1: today with a message. As president, I have a responsibility
Speaker 1: to act with urgency and resolve when our nation faces
Speaker 1: clear and present danger. And that's what climate change is about.
Speaker 1: It is literally, not figuratively, a clear and president danger.
Speaker 1: The health of our citizens and our communities is literally
Speaker 1: at stake. The uns leading international climate scientists call the
Speaker 1: latest climate report nothing less than quote code read for
Speaker 1: humanity code read. But as I read on the terminal
Speaker 1: with an eye toward retaining Joe Mansions support for some measures,
Speaker 1: remember her build back better light. President Biden held back
Speaker 1: on declaring a formal climate emergency, which just a couple
Speaker 1: of days ago was the big headline. That's what he
Speaker 1: was going to do today, even though no one knew
Speaker 1: exactly what that meant. White House Press Secretary Karine Jean
Speaker 1: Pierre was certainly asked about it. What the President wants
Speaker 1: to continue to do is make sure that we're lowing
Speaker 1: energy costs for the American family. Again, everything is on
Speaker 1: the table. I'm not going to go into private discussions
Speaker 1: at policy discussions or get ahead of the president. That
Speaker 1: was Karine Jean Pierre in the briefing room at the
Speaker 1: White House yesterday. Reporters kept coming back around, but wait
Speaker 1: a minute, so no climate. She brought it up, by
Speaker 1: the way, that there would be no climate emergency, and
Speaker 1: so reporters kept asking, well why, and by the way,
Speaker 1: what would that be. Declaring at public health emergency is
Speaker 1: very different from declaring a climate emergency. Each unlocks a
Speaker 1: different set of authorities and a different pot of funding. Uh.
Speaker 1: And so that's one way to to think about that. UM.
Speaker 1: So you know, one of the reasons I wanted to
Speaker 1: bring this up because we've heard this, and so comparing
Speaker 1: one against the other as a reflection of priority would
Speaker 1: not be would not be accurate. But again, it's on
Speaker 1: the table, on the table we heard about what was
Speaker 1: on the table repeatedly declaring the climate natural emergency. UM.
Speaker 1: Right now, Like I said, UM, it's not on the
Speaker 1: table for this week, not on the table just this week.
Speaker 1: The President under pressure to meet campaign promises of aggressive action. Look,
Speaker 1: this agenda has been kind of beaten up lately with
Speaker 1: the call for oil companies to start producing more to
Speaker 1: try to get gas prices down. We're in a different
Speaker 1: world than this campaign thought it would be before Joe
Speaker 1: Biden came into the White House. That's what happens. But
Speaker 1: we do wonder where this agenda could go, and that's
Speaker 1: why we wanted to talk with Alice Hill, Senior Fellow
Speaker 1: for Energy in the Environment of the Council on Foreign Relations.
Speaker 1: Alice welcome. We're reminded almost daily basis here that the
Speaker 1: midterm elections are just a couple of months off and
Speaker 1: the President's climate agenda could be on the rocks at
Speaker 1: that point. What can he get done then with Joe
Speaker 1: Mansion between now and then, well, Joan VanIn has been
Speaker 1: sending mixed signals, but the latest signal appears to be
Speaker 1: that there might be room for climate in the build
Speaker 1: back that are reconciliation package. You know, that appears to
Speaker 1: be a great interest because, uh, there has been a
Speaker 1: little bit of rollback, as you said, from the Biden
Speaker 1: administration on this effort to declare a national emergency. We
Speaker 1: can expect more regulation from the administration, but of course
Speaker 1: the Supreme Court has indicated that with regard to climate
Speaker 1: and the Environmental Protection Agency, UH, their risk of having
Speaker 1: the major questions doctor and imposed, which pretty much says
Speaker 1: climate is something that the legislature, the US Congress should
Speaker 1: be directing the agencies to work. Was important. You have
Speaker 1: a sense though, of what the what would a climate
Speaker 1: emergency do? It would unlock funding, but what would we
Speaker 1: do with it? But unlock funding, it would allow for
Speaker 1: greater use of resources, switching resources among federal agencies, as
Speaker 1: well as allow for greater urgency within the departments to
Speaker 1: act It probably would be coupled with the Defense Production
Speaker 1: Act as well as increased regulation efforts as well. This
Speaker 1: National emergency has been around for fifty years every president. Uh,
Speaker 1: many presidents have used it. Uh they're forty one the
Speaker 1: declarations out there, and Trump used it effectively with the border.
Speaker 1: So there's some thoughts that the president would have used
Speaker 1: it here a climate emergency. What what we did get,
Speaker 1: by the way, was a move to expand wind power
Speaker 1: generation and the available availability easy for me to say
Speaker 1: of efficient home cooling systems that this plant Brighton I
Speaker 1: don't know if you're familiar with it, uh, Brighton Point.
Speaker 1: It looks like something out of the Simpsons. You get
Speaker 1: the big smokestacks, you know, on the horizon there right
Speaker 1: next to the water. It was a coal uh fired
Speaker 1: power plant open in the nineteen sixties. And they're gonna
Speaker 1: turn this into an operation that's going to make these
Speaker 1: massive cables for wind generation. Uh Am, I being too
Speaker 1: much of a wise guy here was this actually progress today? Alice?
Speaker 1: How meaningful was the announcement? His announcements, I thought, we're
Speaker 1: not particularly we're boss, other than perhaps the offshore wind
Speaker 1: release opportunity in the Gulf of Mexico and Florida, Georgia,
Speaker 1: South Carolina, and North Carolina. Uh. He did say that
Speaker 1: SEAMA could distribute two billion dollars, which is a lot
Speaker 1: of money to build cooling centers. But that's really seems
Speaker 1: more in response to what we're experiencing right now, that
Speaker 1: the states of hundred million people under heat warnings UM
Speaker 1: and then also some three eight million for hard to
Speaker 1: do some air conditioning work. That seems much more responsive
Speaker 1: to what's happening right now than the long term agenda.
Speaker 1: Not not likely to get gas prices lower either, I
Speaker 1: presume I don't think so. Yeah. The biden To news
Speaker 1: station has been hit with a number of political subtacts. Uh,
Speaker 1: and they're running out time. Alice, I'm glad you could
Speaker 1: join us come back again when we when we know
Speaker 1: more about this emergency, because they say it's still possibly coming.
Speaker 1: Alice Hill, Senior Fellow for Emergency and Environment Council on
Speaker 1: Foreign Relations, helping us put things in perspective. God, I
Speaker 1: could have used a cooling center today in the Russell
Speaker 1: Senate office building. It's hot and d C. If you
Speaker 1: haven't heard Sometimes the A C you don't even know
Speaker 1: if it's on but I digress. Well, you assemble the
Speaker 1: panel next, Rick and Genie cooling their heels, and we'll
Speaker 1: weigh in on what we just talked about, as well
Speaker 1: as news that the President will meet with President she
Speaker 1: in the next ten days, news breaking as we speak
Speaker 1: on the fastest hour in politics. Stay right here. I'm
Speaker 1: Joe Matthew. This is Bloomberg. I know a lot about when.
Speaker 1: I know a lot about wind. If it doesn't blow,
Speaker 1: you can forget about television for that night, Darling, I
Speaker 1: want to watch television. I'm sorry, the wind isn't blowing.
Speaker 1: And they say the noise courses cancer. You tell me
Speaker 1: that one, Okay, you know the thing makes it so
Speaker 1: if you have a windmill anywhere near your house, congratulations,
Speaker 1: your house just went down value. You know, we have
Speaker 1: a world, right, so the world is tainting compared to
Speaker 1: the universe. Tremendous. If you're into this, tremendous films are
Speaker 1: spewing into the atmosphere. And then all of a sudden
Speaker 1: it stops the wind and the television's go off, and
Speaker 1: your wives and husband said, Garling, I want to watch
Speaker 1: Donald Trump on television tonight. But the wind stopped blowing,
Speaker 1: and I can't watch. There's no electricity in the house. Darling.
Speaker 1: You forget what a routine he had. I mean, this
Speaker 1: is like every time he spoke, he got the wrap
Speaker 1: on windmills, and I just thought, my goodness, if we're
Speaker 1: talking about Joe Biden laying down new initiatives to prompt
Speaker 1: more wind energy in this country, he was up in
Speaker 1: New England. If you're just joining us there talking about
Speaker 1: this old coal fired power plant that they're going to
Speaker 1: turn into an operation that will make cables for wind farms.
Speaker 1: Jennie Schanzano, of course, was listening along with me here
Speaker 1: in Washington. D see. She's part of our signature panel.
Speaker 1: Rick Davis is in New York Bloomberg Politics Contributors. Uh.
Speaker 1: He even had you going as the Democrat, Genie. I mean,
Speaker 1: this is the I don't know what it was about
Speaker 1: that routine, but it always got the room going. You
Speaker 1: forgot you had a stand up comedian for president in Yeah,
Speaker 1: you've brought back a lot of memories. He's been talking
Speaker 1: about windmills that cause cancer. He's been talking about them
Speaker 1: killing birds. They're a stand in for green energy initiatives.
Speaker 1: They break. You have to replace him every ten years,
Speaker 1: he goes on in so thank you for the property.
Speaker 1: The thing is here though, Look, this is a sticky
Speaker 1: subject for Joe Biden Rick Davis. Gas prices are not
Speaker 1: going to come down because of what he announced today. Um,
Speaker 1: he does say that this will create jobs, but we're
Speaker 1: talking about a long term transition. Should he be holding
Speaker 1: events at this point in the game about wind energy? Yeah,
Speaker 1: I think there was just some expectation that he was
Speaker 1: going to say something on climate this week. There's a
Speaker 1: lot of pressure in his party to do something, and
Speaker 1: as you talk about earlier in the show, tons of
Speaker 1: pressure to declare an emergency. And I think they just
Speaker 1: sort of looked into the tool kit and said, what
Speaker 1: do we got that we could throw out here today?
Speaker 1: And this was really a weak attempt at trying to
Speaker 1: feed the beast. Uh. I think he did more a
Speaker 1: year ago by having wind uh put up outside of
Speaker 1: Martha's vineyard than than he's doing today announcing this this
Speaker 1: future plan for the golf So, I don't know. I
Speaker 1: I didn't see it as like going to satisfy anybody
Speaker 1: who was concerned about the fact that they're they've lost
Speaker 1: the initiative on climate. Well, I'll tell you he's he'll
Speaker 1: have to do the climate emergency Genie right, He's essentially
Speaker 1: telegraphed that two progressives who want to see this happen.
Speaker 1: Do you expect an announcement next week on that? You know,
Speaker 1: he is under so much pressure. We heard from Murky,
Speaker 1: we heard from several representatives and senators they want and
Speaker 1: not to mention the base who want him to go
Speaker 1: bold on this, you know, calling this climate emergency. And
Speaker 1: there are there are positives for him of doing it,
Speaker 1: but there's also real political challenges there. You know, what
Speaker 1: happens if he does this and he raises oil prices
Speaker 1: in the US as they merch into a mid term
Speaker 1: and our European allies fighting with Russia, you know, supporting
Speaker 1: Ukraine in this fight with Russia, have their prices go
Speaker 1: up as well. That's just one of the many political problems.
Speaker 1: What about is you know, if the Supreme Court, you know,
Speaker 1: takes away his ability to do this under this major
Speaker 1: questions doctor and there's a whole host of challenges. He
Speaker 1: knows that the White House knows that. That's why I
Speaker 1: think they've been a little bit slow on this. He
Speaker 1: may get pushed into doing this. I think it is
Speaker 1: bad politics. I don't think he should do it. Well,
Speaker 1: I'll tell you it sounds like it's coming though, Rick,
Speaker 1: So who do you satisfy on this one? And and
Speaker 1: do progressives deserve something from this White House before things
Speaker 1: shut down after the mid terms? Yeah, I think that certainly.
Speaker 1: With the pen you know, the number of things that
Speaker 1: are brewing in Capitol Hill right now, I think it
Speaker 1: probably pays this administration to sort of keep focus on
Speaker 1: the legislative agenda, and these executive actions aren't really good
Speaker 1: amount too much. You know, Look, climate is a relatively
Speaker 1: safe place for this administration, right they can talk about
Speaker 1: it without cross pressuring their base, the moderates. You know,
Speaker 1: I think it's important too, along with the progressives, and
Speaker 1: and it's not going to strange any independent voters. If anything,
Speaker 1: it's probably helpful. So from a political point of view,
Speaker 1: you can talk about this stuff all day long. It
Speaker 1: just doesn't look very competent. You know, when he talks
Speaker 1: about doing big things, and he likes to talk about
Speaker 1: doing big things, and then when he announces it, it's
Speaker 1: not at all a big thing. One thing he did
Speaker 1: announce apparently inadvertently today. I don't even want to say
Speaker 1: that there are questions about whether he meant to say
Speaker 1: this in the speech, Uh, that he that he has cancer.
Speaker 1: If you do a Google news search on this, you'll
Speaker 1: see what I'm seeing. Everyone has picked up this story
Speaker 1: at this point. Let's listen to what President Biden actually said.
Speaker 1: My mother drove us and rather than us be able
Speaker 1: to walk and guess what the first frost, you know
Speaker 1: what was happening. You've had to put on your Winshure
Speaker 1: wipers to get literally the ORL slick off the window.
Speaker 1: That's why I had so damn any other people I
Speaker 1: grew up have cancer and why can't. For the longest time,
Speaker 1: Delaware had the highest cancer rate in the nation. The
Speaker 1: r n C Republican National Committee just tweeted that clip.
Speaker 1: It says, did Joe Biden just announced he has cancer? Uh?
Speaker 1: Did that just sound like a slip? Genie? What's going
Speaker 1: on here? I think it was a Biden slip. He
Speaker 1: said I grew up with have cancer, and you know,
Speaker 1: I think he misspoke. It's an unfortunate statement for him
Speaker 1: to make. They're gonna have to very quickly and very
Speaker 1: clearly clarify what he was trying to say. Because, of course,
Speaker 1: the issue of Joe Biden's health, Joe Biden's age and
Speaker 1: the stumbles he has made and keeps making in his
Speaker 1: speaking engagements have people, namely Democrats, really concerned about his
Speaker 1: ability to move forward into four. So this was an
Speaker 1: unfortunate error. Um, I'm assuming just a miss you know,
Speaker 1: he misspoke, but they've got to correct this. He did
Speaker 1: have melanoma, Rick, is this something the White House needs
Speaker 1: to talk about. They're gonna have to clarify it. But
Speaker 1: as you say, Joe, I mean he had melanoma. I
Speaker 1: mean he's it's not a it's not a secret that
Speaker 1: Joe Biden had cancer. Um, he had a brain tumor
Speaker 1: taken out. He's had melanoma, so he was in there.
Speaker 1: Apparently he was. But if you know, my goodness, the
Speaker 1: RNC doesn't miss a beat. But to your point, Genie,
Speaker 1: this is something that keeps coming up. Came up in
Speaker 1: a in a hearing. Uh just yesterday, How's Transportation Committee
Speaker 1: Representative Troy Nell's, Republican from Texas, not a fan of
Speaker 1: Joe Biden. Uh is talking with Transportation Secretary Pete Buddha Jag.
Speaker 1: They talked for a long time by the way about
Speaker 1: about enacting the infrastructural law. They were talking about roads
Speaker 1: and bridges and stuff, and and then this happened. He
Speaker 1: shakes hands with ghosts and imaginary people. He falls off bicycles.
Speaker 1: Even at the White House Easter celebration, the Easter Bunny
Speaker 1: had to guide him back into his safe place que
Speaker 1: cards that say sit here or end of speech, which
Speaker 1: he actually states, that is if he stays awake. So
Speaker 1: my question for you is, sir, have you spoken with
Speaker 1: any other cabinet members about implementing the twenty five Amendment?
Speaker 1: On President Biden? First of all, I'm glad to have
Speaker 1: a president who can ride a bicycle. And I will
Speaker 1: look beyond the insulting nature of that question and make
Speaker 1: clear to you that the President of you spoken to
Speaker 1: and course habinant members about implementing the amendment. President Biden,
Speaker 1: have you emailed have you emailed any members with the
Speaker 1: excutive Branch about the president's health? Of presidents the United States?
Speaker 1: Fluting text message boss as I have figured of working with?
Speaker 1: What about a political appointees that ud have you spoken about?
Speaker 1: Gentleman's time has expired? That's how that ended. What are
Speaker 1: we doing here? Genie is that are we working on
Speaker 1: a TV commercials at a political ad of the make
Speaker 1: or a legitimate question? You know, in that context it's
Speaker 1: a political added is show voting, But the issue is real.
Speaker 1: Look at the New York Times poll which found you know,
Speaker 1: about sixty of Democratic voters say they're concerned about Joe
Speaker 1: Biden's ability to run and serve a second term. That's Democrats.
Speaker 1: And you know there was the piece by Peter Baker
Speaker 1: almost the same weekend talking about it. Robert Reich, who
Speaker 1: so many of us respect, came out and said flatly,
Speaker 1: Joe Biden is too old to run, So age health
Speaker 1: are a real concern. At seventy nine, he's the oldest
Speaker 1: president and so if he was to run and serve
Speaker 1: two terms, he'd be eighties six by the time his
Speaker 1: second term ended. So Americans have a right to think
Speaker 1: about the health and the age of their president. So
Speaker 1: he's going to have to address these issues if he
Speaker 1: does decide to run. But it's a real issue. I
Speaker 1: don't know if if all of those were fair, Rick,
Speaker 1: but there's nothing fair in politics. Is this this refrain
Speaker 1: or these questions going to get louder by republic kins
Speaker 1: as we go sure, Joe. I mean, as you point out,
Speaker 1: nothing's fair in politics, and and certainly not during a
Speaker 1: congressional hearing. So I think you'll you'll hear this. Look,
Speaker 1: nobody ever even heard of the twenty fifth Amendment until
Speaker 1: Donald Trump became president. Next thing, you know, we're all
Speaker 1: studying the Constitution and and so, uh, yeah, this is
Speaker 1: just a thing of the day. You know, we used
Speaker 1: to investigate administrations. Now we impeach them pretty regularly. Now
Speaker 1: what's better than impeachment throw him out with his own cabinet.
Speaker 1: So yeah, you know, unfortunately it is part of the
Speaker 1: narrative these days, and and and since it's been in
Speaker 1: the news a lot lately because of other cabinet members
Speaker 1: in the Trump administration having looked into the twenty fifth Amendment. Um,
Speaker 1: you know, Republicans feel compelled to sort of put this
Speaker 1: administration on the spot. It's a total waste of perfectly
Speaker 1: good taxpayer time, if you're curious. By the way, as
Speaker 1: The Washington Post pointed out this morning, Nail's assisted Capital
Speaker 1: police in barricading the Capital entrance as insurrection is trying
Speaker 1: to storm the building on the sixth of January. Uh,
Speaker 1: this was the day you know, they were voting to certify.
Speaker 1: But while he called the insurrection of disgrace, he also
Speaker 1: voted to overturn Joe Biden's victory. Genie, thank you. Great
Speaker 1: to see a d c Rick in New York. Rick
Speaker 1: Davis our signature panel. I'm Joe Matthew and Washington. Great
Speaker 1: to be back with you today. God it goes by quick,
Speaker 1: but then again, it's the fastest hour in politics. We'll
Speaker 1: meet you back here tomorrow, Primetime, January six. Committee. I'm
Speaker 1: Joe Matthew and this is Bloomberg.