1 00:00:00,680 --> 00:00:04,400 Speaker 1: Why from our nation's camera. President Joe Biden's one point 2 00:00:04,519 --> 00:00:07,960 Speaker 1: nine trillion dollar pandemic relief package. We're not going to 3 00:00:08,039 --> 00:00:10,400 Speaker 1: hear any more about Operation Warp Speed. They're gonna be 4 00:00:10,400 --> 00:00:13,360 Speaker 1: calling it the COVID response. We're talking right now about 5 00:00:14,280 --> 00:00:19,200 Speaker 1: jockeying amongst Republicans. Bloomberg Sound On, the insiders, the influencers, 6 00:00:19,239 --> 00:00:22,640 Speaker 1: the inside. Biding has promised again and again that able 7 00:00:22,640 --> 00:00:25,919 Speaker 1: to unite the country. Who do you think Biden has 8 00:00:26,000 --> 00:00:28,960 Speaker 1: to watch in terms of moderate defectors. The House has 9 00:00:29,000 --> 00:00:32,480 Speaker 1: been voting for this stimulus package basically for months. This 10 00:00:32,880 --> 00:00:37,320 Speaker 1: is Bloomberg Sound On with Kevin Shirley on Bloomberg Radio. 11 00:00:37,680 --> 00:00:42,720 Speaker 1: President Joe Biden digs in on fourteen hundred dollars stimulus 12 00:00:42,840 --> 00:00:47,280 Speaker 1: checks this as Republicans say they don't have enough money 13 00:00:47,640 --> 00:00:51,000 Speaker 1: to spend the cash. I've got an exclusive interview with 14 00:00:51,080 --> 00:00:54,520 Speaker 1: Senator Marsha Blackburn. I also asked her about Robin Hood 15 00:00:55,240 --> 00:00:59,120 Speaker 1: and uh, game stop. You don't want to miss that conversation. Plus, 16 00:00:59,360 --> 00:01:03,080 Speaker 1: he will not be coming back. Former President Donald Trump 17 00:01:03,120 --> 00:01:06,800 Speaker 1: says he will not be appearing at next week's impeachment trial. 18 00:01:07,120 --> 00:01:09,399 Speaker 1: We've got a lot to get through, but first let's 19 00:01:09,400 --> 00:01:12,480 Speaker 1: get a check in the markets from Charlie Bellett. I'm 20 00:01:12,560 --> 00:01:16,000 Speaker 1: Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and for 21 00:01:16,120 --> 00:01:19,800 Speaker 1: Bloomberg Radio jam Pack Show for today, and we're gonna 22 00:01:19,800 --> 00:01:23,759 Speaker 1: be talking all about Marjorie Taylor Green and monitoring this 23 00:01:23,840 --> 00:01:26,520 Speaker 1: vote that is happening this hour in the House of 24 00:01:26,560 --> 00:01:30,200 Speaker 1: Representatives to strip her of her committee assignments. I will 25 00:01:30,240 --> 00:01:33,640 Speaker 1: bring you those developments as they happen, but we begin 26 00:01:33,680 --> 00:01:36,840 Speaker 1: tonight with the big story, and that, of course, is 27 00:01:36,920 --> 00:01:40,920 Speaker 1: the Senate proceeded earlier today with the next step in 28 00:01:40,959 --> 00:01:45,320 Speaker 1: the complex process of fast tracking President Biden's one point 29 00:01:45,400 --> 00:01:50,120 Speaker 1: nine trillion dollar COVID nineteen relief plan through Congress without 30 00:01:50,600 --> 00:01:54,680 Speaker 1: Republican support. The Chamber is expected to be tied up 31 00:01:54,720 --> 00:01:58,280 Speaker 1: for hours voting on a series of proposed amendments to 32 00:01:58,360 --> 00:02:03,200 Speaker 1: a budget resolution and between the two parties. Get ready 33 00:02:03,200 --> 00:02:06,960 Speaker 1: for this, You're ready. More than five hundred and fifty 34 00:02:07,000 --> 00:02:10,680 Speaker 1: amendments were filed. They call it a vote a rama. 35 00:02:11,000 --> 00:02:13,600 Speaker 1: I've got sound on the voter rama from White House 36 00:02:13,600 --> 00:02:17,520 Speaker 1: Press Secretary Jen Saki, who told reporters today that the 37 00:02:17,520 --> 00:02:21,760 Speaker 1: President remains firm on his insistence that a fourteen hundred 38 00:02:21,840 --> 00:02:24,679 Speaker 1: dollar checks be part of the aid that goes out 39 00:02:24,720 --> 00:02:28,799 Speaker 1: to Americans. There's a process underway in Congress. Uh next week, 40 00:02:28,840 --> 00:02:31,040 Speaker 1: the committees will be doing the work that they should 41 00:02:31,040 --> 00:02:34,079 Speaker 1: be doing that they do through the the budget reconciliation process. 42 00:02:34,480 --> 00:02:36,520 Speaker 1: We have been very clear about our own view of 43 00:02:36,520 --> 00:02:39,320 Speaker 1: the urgency here, and we're hopeful that and we're confident 44 00:02:39,400 --> 00:02:42,160 Speaker 1: that Congress shares our view of that. The White House 45 00:02:42,280 --> 00:02:45,040 Speaker 1: has been bolstered by the support that the one point 46 00:02:45,160 --> 00:02:49,240 Speaker 1: nine trillion dollar package received on Wednesday of this week 47 00:02:49,360 --> 00:02:53,600 Speaker 1: once the Democratic controlled House of Representatives voted to advance 48 00:02:53,680 --> 00:02:56,120 Speaker 1: the measure. I've got sound on that from Speaker of 49 00:02:56,120 --> 00:02:59,320 Speaker 1: the House, Nancy Pelosi. We've passed the budget resolution that 50 00:02:59,440 --> 00:03:04,400 Speaker 1: paid the for the passage of landmark coronavirus legislation that 51 00:03:04,440 --> 00:03:09,240 Speaker 1: will save lives and livelihoods. It is a reasonable plan, 52 00:03:09,919 --> 00:03:13,920 Speaker 1: It meets the needs. It is not excessive, is coronavirus centric. 53 00:03:14,400 --> 00:03:17,240 Speaker 1: It is in a timely fashion, and that's where we 54 00:03:17,320 --> 00:03:21,440 Speaker 1: have to go. Most Republicans say it's too much money, 55 00:03:21,600 --> 00:03:25,560 Speaker 1: too soon, but they've been really breaking and some moderate 56 00:03:25,560 --> 00:03:28,280 Speaker 1: wings the party, as Senator Mitt Romney, a Republican from 57 00:03:28,400 --> 00:03:31,560 Speaker 1: Utah has put out a proposal earlier today that would 58 00:03:31,639 --> 00:03:36,040 Speaker 1: appear to be potentially abridge for compromise. And it's that 59 00:03:36,160 --> 00:03:40,040 Speaker 1: compromise that President Joe Biden wants to see happen today, 60 00:03:40,080 --> 00:03:44,520 Speaker 1: because he came out and once again reiterated the need 61 00:03:44,640 --> 00:03:47,240 Speaker 1: for fiscal stimulus. I want to welcome to the conversation. 62 00:03:47,480 --> 00:03:50,600 Speaker 1: Fred Hackburg, the former Export Import Bank chairman in the 63 00:03:50,640 --> 00:03:53,720 Speaker 1: Obama administration, is the author of the book Trade Is 64 00:03:53,840 --> 00:03:56,560 Speaker 1: Not a four letter word. And Matt Gorman, who was 65 00:03:56,680 --> 00:04:00,080 Speaker 1: vice president at Targeted Victory and former n rcs SE 66 00:04:00,200 --> 00:04:04,440 Speaker 1: communications director. Matt, I'll begin with you, are any Republicans 67 00:04:04,440 --> 00:04:07,160 Speaker 1: going to vote in favor of the one point nine 68 00:04:07,160 --> 00:04:12,520 Speaker 1: trillion dollar plans? Uh? Not? As is? Thanks for having me, Kevin. Look, 69 00:04:12,560 --> 00:04:15,240 Speaker 1: I think even when Romney is saying this is too 70 00:04:15,240 --> 00:04:18,040 Speaker 1: expensive and there needs to be changes to it, um, 71 00:04:18,080 --> 00:04:20,720 Speaker 1: I think that's a red flag. Quite frankly, what I'd 72 00:04:20,720 --> 00:04:23,240 Speaker 1: be the question I'd be asking, quite frankly, is whether 73 00:04:23,480 --> 00:04:25,920 Speaker 1: Mansion is going to vote for He's the key. Um. 74 00:04:26,360 --> 00:04:29,600 Speaker 1: I think you know whether or not they can come 75 00:04:29,640 --> 00:04:31,720 Speaker 1: to a bipartisan sense that it it would happen, probably be 76 00:04:31,760 --> 00:04:35,560 Speaker 1: under a trillion dollars. But what King Joe Manon's stomach. 77 00:04:35,600 --> 00:04:38,360 Speaker 1: He's already made it clear fifteen dollar minimum wage, whether 78 00:04:38,480 --> 00:04:42,000 Speaker 1: or not it's okay by the bird rules off the table. Uh, 79 00:04:42,040 --> 00:04:44,240 Speaker 1: That's what I would That's what I'm really curious about. 80 00:04:44,279 --> 00:04:47,520 Speaker 1: Following you know, I was struck by Treasury Secretary Janet 81 00:04:47,560 --> 00:04:51,040 Speaker 1: Yellin Fred Hawkberg, who spoke earlier today on ABC's Good 82 00:04:51,040 --> 00:04:55,000 Speaker 1: Morning America, and and she really continued to double down 83 00:04:55,080 --> 00:04:58,200 Speaker 1: on this need for economic stimulus. And this is US. 84 00:04:58,279 --> 00:05:02,560 Speaker 1: Jobless claims declined last week by more than forecast, according 85 00:05:02,560 --> 00:05:06,839 Speaker 1: to the latest financial economic data rather that came out 86 00:05:06,880 --> 00:05:10,719 Speaker 1: earlier today. Tomorrow, a Job's Report UH is set to 87 00:05:10,760 --> 00:05:13,560 Speaker 1: be released, and the forecast is expected to show the 88 00:05:13,640 --> 00:05:18,000 Speaker 1: labor market added about a hundred thousand jobs in January 89 00:05:18,160 --> 00:05:21,560 Speaker 1: after a one hundred and forty thousand decline in December. 90 00:05:22,040 --> 00:05:25,120 Speaker 1: It's not the type of pace of a recovery that 91 00:05:25,240 --> 00:05:29,799 Speaker 1: any Republican or Democrat would like to see happen. Fred Hakberg, 92 00:05:32,040 --> 00:05:36,320 Speaker 1: you know, this has been a giant shock to our 93 00:05:36,560 --> 00:05:39,640 Speaker 1: not just our economy, but to American psyche and the world. 94 00:05:40,200 --> 00:05:42,200 Speaker 1: And one of the things that we're going to see 95 00:05:42,480 --> 00:05:44,920 Speaker 1: coming out of COVID, and I think we can begin 96 00:05:45,080 --> 00:05:47,760 Speaker 1: to see around the corner is there's gonna be a 97 00:05:47,760 --> 00:05:52,000 Speaker 1: whole repatterning of our economy that a number of jobs 98 00:05:52,080 --> 00:05:55,600 Speaker 1: will not reappear, will not get hired back. And those 99 00:05:55,640 --> 00:05:57,640 Speaker 1: are not just going to be retail jobs, I think 100 00:05:57,640 --> 00:06:00,480 Speaker 1: because a lot of white collar middle men of the 101 00:06:00,520 --> 00:06:03,880 Speaker 1: management jobs that are not going to find their way 102 00:06:03,960 --> 00:06:06,040 Speaker 1: back into the job breaks. So I think that the 103 00:06:06,920 --> 00:06:09,920 Speaker 1: the long term sort of scarring of the economy is 104 00:06:10,360 --> 00:06:15,120 Speaker 1: quite severe and heart of perfectly forecast. So looking for 105 00:06:15,200 --> 00:06:18,880 Speaker 1: a bigger bill, looking to make sure we uh do 106 00:06:19,000 --> 00:06:25,640 Speaker 1: everything possible is clearly a good requirement, an important requirement 107 00:06:25,720 --> 00:06:27,719 Speaker 1: at a time like this, they have not paid something 108 00:06:27,960 --> 00:06:31,400 Speaker 1: quite disappeared before. It is very different from the financial 109 00:06:31,400 --> 00:06:34,520 Speaker 1: crisis of O so Fred. I mean when you hear 110 00:06:35,080 --> 00:06:38,520 Speaker 1: someone like mac Gorman raised the very real prospects of 111 00:06:38,800 --> 00:06:41,520 Speaker 1: whether or not Senator Joe Manchum will come out in 112 00:06:41,600 --> 00:06:44,000 Speaker 1: favor of this, I mean you know this. You know 113 00:06:44,120 --> 00:06:47,400 Speaker 1: the political landscape you served in the Obama administration, in 114 00:06:47,440 --> 00:06:50,240 Speaker 1: the financial crowd, and you know that there are many 115 00:06:50,320 --> 00:06:55,240 Speaker 1: Republicans who are incredibly uncomfortable with spending this amount of 116 00:06:55,279 --> 00:07:01,760 Speaker 1: money do Democrats have any votes to spare? Uh not? 117 00:07:01,960 --> 00:07:03,640 Speaker 1: That's not like, no, I don't think they have any 118 00:07:03,680 --> 00:07:06,960 Speaker 1: post to spare. I don't think it's hard. It's hard 119 00:07:07,000 --> 00:07:10,120 Speaker 1: to get all upset about the Republicans willing about spending 120 00:07:10,120 --> 00:07:15,080 Speaker 1: answer that giant tax bill the task without a second thought. 121 00:07:17,120 --> 00:07:18,560 Speaker 1: So when you said, I mean it's a good point, 122 00:07:18,560 --> 00:07:20,760 Speaker 1: I mean mac Corman Fred Hackford right there laying out 123 00:07:21,320 --> 00:07:24,520 Speaker 1: that you know, every government spending as it relates, is 124 00:07:24,520 --> 00:07:26,480 Speaker 1: in the eye of the beholder about whether or not 125 00:07:26,880 --> 00:07:30,920 Speaker 1: one man's pork is another person's you know, tax break, 126 00:07:31,200 --> 00:07:33,840 Speaker 1: and so matc gorman, when you hear the lay of 127 00:07:33,880 --> 00:07:37,160 Speaker 1: the land, do you think, as you're staring down the 128 00:07:37,360 --> 00:07:41,640 Speaker 1: next midterm cycle, that any Republicans will have cover if 129 00:07:41,680 --> 00:07:44,280 Speaker 1: they want to vote for one point nine trillion dollars 130 00:07:44,400 --> 00:07:47,480 Speaker 1: or is that a non starter issue with the base? 131 00:07:47,960 --> 00:07:51,760 Speaker 1: And and should they even be willing to negotiate on 132 00:07:51,800 --> 00:07:54,760 Speaker 1: this or is it just a nonstarter? Well? I think 133 00:07:54,800 --> 00:07:58,560 Speaker 1: Dems should right, because if Biden wants uh row more 134 00:07:58,680 --> 00:08:01,880 Speaker 1: robust package and theory, he needs sixty votes for it 135 00:08:01,960 --> 00:08:05,200 Speaker 1: to go off of the reconciliation package. So that's where 136 00:08:05,200 --> 00:08:07,720 Speaker 1: those ten Republicans should come into play. And those are 137 00:08:07,760 --> 00:08:11,280 Speaker 1: serious folks. Um, they're not, you know Yahoo's uh and 138 00:08:11,400 --> 00:08:14,200 Speaker 1: Susan Collins and Joe Manks are probably the closest senators 139 00:08:14,200 --> 00:08:16,080 Speaker 1: to each other from the other party in the south 140 00:08:16,080 --> 00:08:18,960 Speaker 1: of their closest friends, I should say. And so I 141 00:08:18,960 --> 00:08:21,760 Speaker 1: think how one goes you could and try to influence 142 00:08:21,760 --> 00:08:24,520 Speaker 1: the other a little bit. Um. And I think one 143 00:08:24,520 --> 00:08:27,200 Speaker 1: of the other interesting things where again I took note 144 00:08:27,240 --> 00:08:31,080 Speaker 1: and that Romney was really critical of this package and 145 00:08:31,080 --> 00:08:33,679 Speaker 1: how they were so different on it. One thing he 146 00:08:33,720 --> 00:08:35,960 Speaker 1: did note is we haven't spent the money in a 147 00:08:36,000 --> 00:08:38,480 Speaker 1: lot of in the four other packages, um, which is 148 00:08:38,520 --> 00:08:43,480 Speaker 1: an interesting point. And so again I think that, uh, 149 00:08:43,520 --> 00:08:46,160 Speaker 1: there needs to be some rethinking if they really want 150 00:08:46,200 --> 00:08:49,000 Speaker 1: somepublican votes on this. Mc gorman's with me. He is 151 00:08:49,040 --> 00:08:52,160 Speaker 1: the vice president of Targeted Victory and the former n 152 00:08:52,320 --> 00:08:56,400 Speaker 1: RCC communications director. So it is Fred Hackberg, former Export 153 00:08:56,480 --> 00:08:59,280 Speaker 1: Import Bank chairman. He's author of the book Trade Is 154 00:08:59,360 --> 00:09:01,240 Speaker 1: Not a four or word coming up. We're gonna be 155 00:09:01,240 --> 00:09:05,839 Speaker 1: carefully monitoring the brewing bubbling over of the of this 156 00:09:06,360 --> 00:09:10,480 Speaker 1: Marjorie Taylor Green story and this vote that's happening this 157 00:09:10,520 --> 00:09:13,200 Speaker 1: hour back on Capitol Hill, Matt, I'm gonna ask you 158 00:09:13,240 --> 00:09:17,480 Speaker 1: about this, but uh, before we talk about the Republican divide, 159 00:09:17,559 --> 00:09:20,720 Speaker 1: I want to double down on this other story that 160 00:09:20,880 --> 00:09:23,200 Speaker 1: is not getting as much attention, and that's the divide 161 00:09:23,200 --> 00:09:27,240 Speaker 1: within the Democratic Party, specifically over the need for more 162 00:09:27,800 --> 00:09:31,200 Speaker 1: type of progressive policies on the economy. I was struck 163 00:09:31,240 --> 00:09:35,400 Speaker 1: by this when you've got Secretary Yellen. Secretary Yellen is 164 00:09:36,440 --> 00:09:39,600 Speaker 1: uh talking about you know, game stop and and and 165 00:09:39,640 --> 00:09:41,960 Speaker 1: having a meeting of the mind, so to speak, with 166 00:09:42,000 --> 00:09:46,120 Speaker 1: regards to financial regulations. But on the issue of of 167 00:09:46,200 --> 00:09:48,760 Speaker 1: the AOC versus the Joe mansion, I think this is 168 00:09:48,760 --> 00:09:53,760 Speaker 1: a story Washington's missing. I think you're right, um, and 169 00:09:53,760 --> 00:09:58,160 Speaker 1: and I think it's Democrats had a bigger majority in 170 00:09:58,200 --> 00:10:00,200 Speaker 1: the House, we'd see this fight a little more are 171 00:10:00,880 --> 00:10:03,599 Speaker 1: at play here. They're gonna be very hard press ate 172 00:10:03,679 --> 00:10:06,360 Speaker 1: some of these packages through, such as some majority, especially 173 00:10:06,400 --> 00:10:09,000 Speaker 1: if Adam shifts as rumored, is gonna be going tacking 174 00:10:09,080 --> 00:10:13,160 Speaker 1: his bags for Sacramento for the California turned general job. Um. 175 00:10:13,200 --> 00:10:15,560 Speaker 1: And one fight to keep your eye and maybe maybe 176 00:10:15,600 --> 00:10:18,200 Speaker 1: I'm spoiling my What I'm watching for here is the 177 00:10:18,200 --> 00:10:22,640 Speaker 1: fight over paygo. Um. If you know again fright, it's 178 00:10:22,640 --> 00:10:25,120 Speaker 1: probably well more well versed than I am. I map, 179 00:10:25,640 --> 00:10:30,320 Speaker 1: but um, you know, as I understand it, reconciliation triggers 180 00:10:30,360 --> 00:10:34,520 Speaker 1: pay go rules, which could cut for law from safety 181 00:10:34,520 --> 00:10:38,480 Speaker 1: net programs, including Medicare UM. They fixed it during the 182 00:10:38,520 --> 00:10:42,559 Speaker 1: tax reform legislation that Fred mentioned. If they don't this time, 183 00:10:42,880 --> 00:10:46,480 Speaker 1: it gives Republicans a major talking point like we had 184 00:10:46,480 --> 00:10:50,360 Speaker 1: in ten where Obama cut Medicare to pay for Obamacare. 185 00:10:51,000 --> 00:10:53,600 Speaker 1: If that happens this time, we had a great issue 186 00:10:53,640 --> 00:10:59,640 Speaker 1: to run on in Fred, do you agree with that enough? Well? Probably, 187 00:11:00,240 --> 00:11:03,800 Speaker 1: you know, if I've looked at this reconciliation and five 188 00:11:04,040 --> 00:11:07,360 Speaker 1: D and fifty amendments which are not serious amendments. They 189 00:11:07,400 --> 00:11:14,040 Speaker 1: are meant to simply embarrass uh members uh slow the 190 00:11:14,080 --> 00:11:18,400 Speaker 1: process down. They're not genuine serious amendments. And I think 191 00:11:18,400 --> 00:11:21,800 Speaker 1: at some point voters are getting are gonna get tired 192 00:11:21,840 --> 00:11:23,839 Speaker 1: because they think about if they're on their P T 193 00:11:24,040 --> 00:11:27,040 Speaker 1: A or in the local city council, people vote yes 194 00:11:27,160 --> 00:11:28,719 Speaker 1: or no, do you want to do this or not? 195 00:11:29,120 --> 00:11:31,560 Speaker 1: And there's not a lot of maneuver. Is a avoid 196 00:11:31,559 --> 00:11:35,200 Speaker 1: to vote or make us so obscure that it's hard 197 00:11:35,240 --> 00:11:37,679 Speaker 1: to follow and I think that I think that's one 198 00:11:37,720 --> 00:11:40,320 Speaker 1: of the concerns I have about the direction we've been 199 00:11:40,360 --> 00:11:42,440 Speaker 1: going into last every All right, well, we'll continue this 200 00:11:42,520 --> 00:11:45,600 Speaker 1: conversation and coming up my interview as Senator Marsha Blacker 201 00:11:45,640 --> 00:11:48,920 Speaker 1: and Macworman Fred Hackford. I'm Kevin Sireally. This is Bloomberg. 202 00:12:00,640 --> 00:12:04,360 Speaker 1: You're listening to Bloomberg Sound On with Kevin currel on 203 00:12:04,480 --> 00:12:10,080 Speaker 1: Bloomberg Radio. I'm Kevin Cirelli, Cheap Washington correspondent for Bloomberg 204 00:12:10,280 --> 00:12:15,240 Speaker 1: Television and Bloomberg Radio, accompanied by Matt Gorman, VP at 205 00:12:15,280 --> 00:12:19,440 Speaker 1: Targeted Victory. Former n RCC COMPS director Fred Hackberg, former 206 00:12:19,600 --> 00:12:22,079 Speaker 1: x M Bank chairman, author of the book Trade is 207 00:12:22,120 --> 00:12:23,720 Speaker 1: not a four letter word. If you need a primer 208 00:12:23,720 --> 00:12:27,600 Speaker 1: on trade policy for U str red, trade is not 209 00:12:27,679 --> 00:12:30,240 Speaker 1: a four letter word in terms of the lay of 210 00:12:30,280 --> 00:12:33,880 Speaker 1: the land, the geopolitical landscape, Fred does a good job 211 00:12:33,920 --> 00:12:35,960 Speaker 1: of I used to cover Fred. Fred. Remember when I 212 00:12:36,040 --> 00:12:38,880 Speaker 1: used to cover you, back when you were the chairman 213 00:12:38,920 --> 00:12:41,440 Speaker 1: of the Bank and I was just a young reporter 214 00:12:41,720 --> 00:12:44,920 Speaker 1: on Capitol Hill trying to get an interview. He never 215 00:12:44,960 --> 00:12:47,680 Speaker 1: gave me an interview for the record, never gave me 216 00:12:47,720 --> 00:12:50,880 Speaker 1: an interview. He would go on every other I'm not 217 00:12:50,920 --> 00:12:53,840 Speaker 1: done Fred. Back then, I was just a print reporter 218 00:12:54,520 --> 00:12:56,840 Speaker 1: and I and he would go on every radio network, 219 00:12:56,880 --> 00:12:59,960 Speaker 1: including this one. And I would go to his communication 220 00:13:00,240 --> 00:13:02,920 Speaker 1: former communications director, and I would say, what I write 221 00:13:02,920 --> 00:13:04,920 Speaker 1: about your the chairman all the time, he will not 222 00:13:04,960 --> 00:13:06,920 Speaker 1: talk to me. And Fred, you never talked to me. 223 00:13:06,960 --> 00:13:10,960 Speaker 1: Now you talked to me all the time. No, I was, 224 00:13:11,200 --> 00:13:14,880 Speaker 1: I was under my my communications to Kit the lock 225 00:13:14,960 --> 00:13:22,280 Speaker 1: and key. I had to get out. You know one 226 00:13:22,320 --> 00:13:25,040 Speaker 1: thing about Delco. I hold a grudge. Okay. I don't 227 00:13:25,040 --> 00:13:27,600 Speaker 1: know if you've been following. We are carefully following this 228 00:13:27,679 --> 00:13:31,800 Speaker 1: development up on Capitol Hill with regards to the Republican 229 00:13:32,320 --> 00:13:36,880 Speaker 1: Caucus divide. It's it's been fascinating. I was up there 230 00:13:36,880 --> 00:13:40,240 Speaker 1: all day mac Gorman talking, checking in with with some 231 00:13:40,400 --> 00:13:45,840 Speaker 1: socially distant staffers and sources as and on the Republican side. 232 00:13:45,880 --> 00:13:47,560 Speaker 1: And I have to be candid here. And you know this. 233 00:13:48,000 --> 00:13:52,199 Speaker 1: No one wants to talk publicly about Congresswoman Marjorie h. A. 234 00:13:52,320 --> 00:13:55,400 Speaker 1: Taylor Green, and no one wants to talk about the 235 00:13:55,480 --> 00:13:59,720 Speaker 1: tension between leadership and Congresswoman Liz Cheney, who voted, of 236 00:13:59,760 --> 00:14:02,720 Speaker 1: course for impeachment. But that is all anybody is talking 237 00:14:02,760 --> 00:14:05,480 Speaker 1: about behind the scenes. Macworman, Is that what's true in 238 00:14:05,520 --> 00:14:08,760 Speaker 1: your neck of the woods? Uh? It is. And I 239 00:14:08,800 --> 00:14:12,319 Speaker 1: gotta tell you all the credit to to Liz Cheney. 240 00:14:12,360 --> 00:14:15,679 Speaker 1: More than a few Republicans really thought that she was 241 00:14:16,200 --> 00:14:18,040 Speaker 1: not going to be on the positive end of that vote. 242 00:14:18,080 --> 00:14:20,119 Speaker 1: And a credit to her team in the whip operation 243 00:14:20,880 --> 00:14:24,680 Speaker 1: she had there. From what i've heard the McCarthy speak, 244 00:14:25,040 --> 00:14:28,200 Speaker 1: he gave a very rousing speech and really kind of 245 00:14:28,600 --> 00:14:30,800 Speaker 1: use a lot of political capital keeper on the team. 246 00:14:30,800 --> 00:14:33,440 Speaker 1: And they and they say that might have been close, 247 00:14:33,560 --> 00:14:36,440 Speaker 1: but that really extended the marginal quite Let's go back 248 00:14:36,480 --> 00:14:38,840 Speaker 1: behind the scenes. Let's go behind the scenes. Billy House 249 00:14:38,880 --> 00:14:41,320 Speaker 1: does a great job of this reporting on the Bloomberg terminal, 250 00:14:41,560 --> 00:14:44,560 Speaker 1: But if you're just joining us, the House, Republicans voted yesterday, 251 00:14:44,560 --> 00:14:48,160 Speaker 1: of course, to keep Wyoming Congresswoman Liz Cheney in her 252 00:14:48,200 --> 00:14:52,960 Speaker 1: House leadership role, rebuffing an attempt to remove her three 253 00:14:53,000 --> 00:14:56,240 Speaker 1: weeks after she voted with Democrats to impeach former President 254 00:14:56,560 --> 00:14:59,760 Speaker 1: Donald Trump. The vote, as as mc gorman just alluded to, 255 00:15:00,440 --> 00:15:06,160 Speaker 1: was one forty five and to sixty one, with one 256 00:15:06,240 --> 00:15:08,320 Speaker 1: member voting president. And it comes at the end of 257 00:15:08,320 --> 00:15:12,520 Speaker 1: an emotional four hour meeting. So for four hours, Matt, 258 00:15:12,840 --> 00:15:15,600 Speaker 1: I mean you've been on these meetings, you've observed these meetings, 259 00:15:15,640 --> 00:15:18,200 Speaker 1: you know, the members, for them to talk about this 260 00:15:18,360 --> 00:15:24,400 Speaker 1: particular issue for four hours. I mean, try to put 261 00:15:24,440 --> 00:15:26,960 Speaker 1: this in perspective in terms of where the Republican Party 262 00:15:27,000 --> 00:15:30,160 Speaker 1: goes from here, and not even where they go from here, 263 00:15:30,160 --> 00:15:34,960 Speaker 1: where they are right now in this moment. A couple 264 00:15:35,000 --> 00:15:38,600 Speaker 1: of things, uh, four hours absolutelyheard of. Usually these things 265 00:15:38,600 --> 00:15:40,960 Speaker 1: are maybe an hour maybe Once the Chick fil A 266 00:15:41,040 --> 00:15:43,480 Speaker 1: gets called the back of the room, people are out 267 00:15:43,480 --> 00:15:45,840 Speaker 1: of there. And that's that's not even a joke. They're 268 00:15:45,880 --> 00:15:48,040 Speaker 1: catered by Chick fil A. And so it's if you're 269 00:15:48,040 --> 00:15:50,720 Speaker 1: listening to us, I mean, this is how mac gorman 270 00:15:50,800 --> 00:15:54,200 Speaker 1: is so inside inside the belt Way that he knows 271 00:15:54,280 --> 00:15:57,600 Speaker 1: the catering menu of the meetings. Go ahead, Gorman, it's 272 00:15:57,600 --> 00:16:01,400 Speaker 1: always And also people are always transy. They're coming in 273 00:16:01,440 --> 00:16:04,080 Speaker 1: out there there twenty minutes late, they leave twenty minutes early. 274 00:16:04,280 --> 00:16:07,120 Speaker 1: They stayed there for four hours the entire time for 275 00:16:07,200 --> 00:16:11,840 Speaker 1: the most part. So that is big, um. So look 276 00:16:12,240 --> 00:16:16,280 Speaker 1: to your broader point. The short answer is, we don't know. 277 00:16:16,880 --> 00:16:19,400 Speaker 1: And if you would ask Democrats four years of the day, 278 00:16:19,440 --> 00:16:21,720 Speaker 1: they would there would be intellectually honest, they would say 279 00:16:21,760 --> 00:16:25,080 Speaker 1: the same thing, right, So much it depends on what 280 00:16:25,200 --> 00:16:28,520 Speaker 1: Donald Trump does. I think the news vacuum around Marjorie 281 00:16:28,520 --> 00:16:32,520 Speaker 1: Taylor Green has filled a vacuum that was once saved 282 00:16:32,600 --> 00:16:35,680 Speaker 1: for Donald Trump. I'm very surprised and been so quiet. 283 00:16:36,040 --> 00:16:41,280 Speaker 1: I only that will last forever. Um again, well again, 284 00:16:41,320 --> 00:16:43,960 Speaker 1: But like I'm surprised he hasn't called into cable news 285 00:16:44,080 --> 00:16:46,320 Speaker 1: right like that. He's been very quiet on that. That 286 00:16:46,440 --> 00:16:50,080 Speaker 1: was his hallmark in when he was running. UM. So, 287 00:16:50,720 --> 00:16:53,200 Speaker 1: I think a lot depends on that, and quite frankly, 288 00:16:53,600 --> 00:16:56,160 Speaker 1: it's a little to will as the presidential candidates. But 289 00:16:57,000 --> 00:16:59,880 Speaker 1: how Joe Biden does outreach to the hill will the 290 00:17:00,000 --> 00:17:02,720 Speaker 1: determine whether or not, you know, miss McConnell is really 291 00:17:02,960 --> 00:17:06,560 Speaker 1: rising stature or McCarthy if they if Pelosi needs votes 292 00:17:06,680 --> 00:17:09,320 Speaker 1: in the House to pass some agenda, It's going to 293 00:17:09,400 --> 00:17:11,760 Speaker 1: be a delicate balance. But the short answer is, we 294 00:17:11,800 --> 00:17:14,400 Speaker 1: don't know. Matt. You know, this has been my reporter 295 00:17:14,560 --> 00:17:16,399 Speaker 1: question of the day in my notebook when I was 296 00:17:16,400 --> 00:17:18,199 Speaker 1: heading on up there, and I'm gonna put it to 297 00:17:18,240 --> 00:17:21,080 Speaker 1: you now because I've gotten I'm curious to see what 298 00:17:21,119 --> 00:17:25,720 Speaker 1: you say. And that's for a Republican right now, which 299 00:17:25,920 --> 00:17:31,639 Speaker 1: is a tougher vote, voting to convict President Trump or 300 00:17:32,240 --> 00:17:37,359 Speaker 1: voting for one point nine trillion dollars stimulus voting to 301 00:17:37,640 --> 00:17:41,400 Speaker 1: vic Donald Trump. So this is this, This matters. This 302 00:17:41,480 --> 00:17:46,240 Speaker 1: matters because because you could set up a situation for 303 00:17:46,320 --> 00:17:51,080 Speaker 1: political cover if you vote for one point nine trillion 304 00:17:51,119 --> 00:17:57,080 Speaker 1: dollars in the sense that you could, the conviction vote 305 00:17:57,160 --> 00:18:01,600 Speaker 1: is more controversial, macworm in final word, absolutely more controversial. 306 00:18:01,920 --> 00:18:03,919 Speaker 1: You can you can spin it. You can say that 307 00:18:04,119 --> 00:18:07,320 Speaker 1: an emergency, you know, people need to relieve, you know, 308 00:18:07,400 --> 00:18:11,200 Speaker 1: on and on and on. Um the Trump it's such 309 00:18:11,240 --> 00:18:14,560 Speaker 1: a this role reaction and it's it's splay you know, 310 00:18:15,240 --> 00:18:17,720 Speaker 1: of this country. You know movie probably last time. I'm 311 00:18:17,760 --> 00:18:21,320 Speaker 1: being kind of you know, loose, but it is um 312 00:18:21,359 --> 00:18:24,240 Speaker 1: that is you know, very very different than Apollo. It's 313 00:18:24,240 --> 00:18:26,120 Speaker 1: it's such a great point. Panel stays. For the next segment, 314 00:18:26,160 --> 00:18:28,359 Speaker 1: We're going to continue this conversation. I mean, Tom Keane 315 00:18:28,440 --> 00:18:32,040 Speaker 1: on Bloomberg surveillance. I mean, this is my takeaway for 316 00:18:32,040 --> 00:18:33,920 Speaker 1: for the next couple of days is that the next 317 00:18:34,000 --> 00:18:38,720 Speaker 1: week's trial only sucks the political oxygen out of the room, 318 00:18:38,760 --> 00:18:43,760 Speaker 1: but emboldens the chances even further of that stimulus passing. 319 00:18:43,840 --> 00:18:46,760 Speaker 1: I'm Kevin Curreli, Chief Washington correspondent for Bloomberg TV and Radio. 320 00:18:46,920 --> 00:18:58,960 Speaker 1: This is Bloomberg. I'm Kevin Surreli, Chief Washington corresponding for 321 00:18:59,000 --> 00:19:03,360 Speaker 1: Bloomberg Television and and for Bloomberg Radio, talking with Matt Gorman, 322 00:19:03,920 --> 00:19:08,000 Speaker 1: vice president at Targeted Victory and former NRCC Communications director, 323 00:19:08,320 --> 00:19:11,480 Speaker 1: and Fred Hackburg, former Export Import Bank chairman, author of 324 00:19:11,520 --> 00:19:13,080 Speaker 1: trade is not a four letter word, you know. It 325 00:19:13,320 --> 00:19:17,080 Speaker 1: is my first day back from vacation. I joked about 326 00:19:17,080 --> 00:19:20,520 Speaker 1: it with my friend Carol Master earlier on Bloomberg Business Week. 327 00:19:20,560 --> 00:19:23,439 Speaker 1: But I I slept for two weeks, folks. Literally, I 328 00:19:23,480 --> 00:19:26,040 Speaker 1: woke up from a two week slumber, caught my breath, 329 00:19:26,040 --> 00:19:28,080 Speaker 1: and here we go. So I go up to Capitol 330 00:19:28,160 --> 00:19:31,720 Speaker 1: Hill today, check in with the sources, and then I 331 00:19:31,760 --> 00:19:35,480 Speaker 1: don't know if you've been up there recently, but there's 332 00:19:35,520 --> 00:19:38,480 Speaker 1: now about seven thousand troops that are still in Washington, 333 00:19:38,560 --> 00:19:42,760 Speaker 1: d C. Down from the eight thousand that we're here 334 00:19:43,400 --> 00:19:47,920 Speaker 1: leading up to inauguration. And the compound is still fenced 335 00:19:47,960 --> 00:19:52,240 Speaker 1: in with barbed wire and various checkpoints that you have 336 00:19:52,320 --> 00:19:55,639 Speaker 1: to go into it. It looks completely different than the 337 00:19:55,720 --> 00:19:59,359 Speaker 1: nearly decade I've been in Washington covering Capitol Hill and politics, 338 00:19:59,480 --> 00:20:03,160 Speaker 1: and it's it's very eerie to continue to go up there. 339 00:20:03,760 --> 00:20:08,919 Speaker 1: But the only in this pandemic world, the political industry 340 00:20:09,000 --> 00:20:15,040 Speaker 1: culture is run just like every other industry, via virtual hearings. 341 00:20:15,400 --> 00:20:19,440 Speaker 1: Some staffers go in, some members present in the hearing rooms, 342 00:20:19,480 --> 00:20:22,119 Speaker 1: in the committee rooms, but I would say it's split 343 00:20:22,320 --> 00:20:26,600 Speaker 1: in terms of folks being there. And then the only 344 00:20:26,720 --> 00:20:28,560 Speaker 1: thing and this is the point here, because I've got 345 00:20:28,560 --> 00:20:31,960 Speaker 1: sound on it that people were talking about today was 346 00:20:32,000 --> 00:20:37,959 Speaker 1: freshman Congresswoman Marjorie Taylor Green. She delivered a speech today 347 00:20:38,040 --> 00:20:41,480 Speaker 1: on the House floor trying to turn the page from 348 00:20:41,480 --> 00:20:45,960 Speaker 1: the controversy that has not just engulfed her district's office, 349 00:20:46,640 --> 00:20:51,919 Speaker 1: but also the Republican Party. We were discussing earlier, uh, 350 00:20:52,040 --> 00:20:56,000 Speaker 1: the four hour meeting that was held last night for 351 00:20:56,200 --> 00:20:59,320 Speaker 1: Republican Caucus members to decide whether or not Liz Cheney 352 00:20:59,320 --> 00:21:03,200 Speaker 1: should still in leadership. Four hours that they were talking 353 00:21:03,240 --> 00:21:05,879 Speaker 1: about that, And I'm bringing this up if you're listening 354 00:21:05,880 --> 00:21:07,640 Speaker 1: and you're thinking, why am I spending so much time 355 00:21:07,640 --> 00:21:11,280 Speaker 1: on this because this is the only item that Republicans 356 00:21:11,280 --> 00:21:16,800 Speaker 1: have truly truly dominated the talk, the talk of the town. 357 00:21:17,359 --> 00:21:19,080 Speaker 1: And I want to play for you some sound on 358 00:21:19,240 --> 00:21:24,359 Speaker 1: from Marjorie Green Tailor's House floor speech today in which 359 00:21:24,400 --> 00:21:28,600 Speaker 1: she said that she believes nine eleven happened. She was 360 00:21:29,040 --> 00:21:32,879 Speaker 1: because of the political pressure, whether you think it's created, 361 00:21:33,280 --> 00:21:36,879 Speaker 1: needed not needed. A freshman congresswoman had to deliver the 362 00:21:36,960 --> 00:21:40,600 Speaker 1: following remarks on the House Floriday. Here she is, I 363 00:21:40,680 --> 00:21:44,080 Speaker 1: also want to tell you nine eleven absolutely happened. I 364 00:21:44,160 --> 00:21:46,919 Speaker 1: remember that day, crying all day long watching it on 365 00:21:46,960 --> 00:21:50,080 Speaker 1: the news, and that's a tragedy for anyone to say 366 00:21:50,119 --> 00:21:52,520 Speaker 1: it didn't happen. And so that I definitely want to 367 00:21:52,520 --> 00:21:55,159 Speaker 1: tell you I do not believe that it's fake. I 368 00:21:55,160 --> 00:21:58,280 Speaker 1: also want to tell you that we've got to do better. 369 00:21:59,040 --> 00:22:03,560 Speaker 1: You see, big media companies can take teeny tiny pieces 370 00:22:03,600 --> 00:22:06,640 Speaker 1: of words that I've said, that you have said, any 371 00:22:06,680 --> 00:22:10,880 Speaker 1: of us, and can portray us into someone that we're not, 372 00:22:11,600 --> 00:22:14,880 Speaker 1: and that is wrong. She went on to say that 373 00:22:14,920 --> 00:22:18,320 Speaker 1: she no longer condones Q and on. I've got sound 374 00:22:18,400 --> 00:22:21,480 Speaker 1: on that as well. Here she is, it was allowed 375 00:22:21,520 --> 00:22:24,400 Speaker 1: to believe things that weren't true and I would ask questions, 376 00:22:24,560 --> 00:22:27,679 Speaker 1: questions about them and talk about them, And that is 377 00:22:27,720 --> 00:22:34,119 Speaker 1: absolutely what I regret. MATC. Gorman perspective here on the 378 00:22:34,240 --> 00:22:39,040 Speaker 1: challenges that Republicans face for the party in which just 379 00:22:39,080 --> 00:22:41,639 Speaker 1: a couple of weeks ago they felt so emboldened about 380 00:22:41,880 --> 00:22:44,880 Speaker 1: taking back control of the House of Representatives when the 381 00:22:44,960 --> 00:22:47,960 Speaker 1: only thing that has dominated the discussion in the past 382 00:22:48,000 --> 00:22:51,760 Speaker 1: twenty four hours not one point nine trillion dollars in stimulus, 383 00:22:52,240 --> 00:22:58,600 Speaker 1: but on the Republican congresswoman from Georgia. Yeah, I think 384 00:22:58,640 --> 00:23:01,679 Speaker 1: part of this is a vacuum um with without Trump, 385 00:23:01,720 --> 00:23:04,040 Speaker 1: and I think that's kind of why a lot of 386 00:23:04,040 --> 00:23:06,000 Speaker 1: these contents from before she would elected to kind of 387 00:23:06,000 --> 00:23:11,439 Speaker 1: come to light. Um. You know. I also think that 388 00:23:11,840 --> 00:23:14,280 Speaker 1: if Democrats think this is going to be an issue 389 00:23:14,520 --> 00:23:16,720 Speaker 1: which they can run on, I think they're sold a mistake. 390 00:23:16,720 --> 00:23:18,720 Speaker 1: And I think it's something that you know, I saw 391 00:23:19,000 --> 00:23:21,920 Speaker 1: you know, Democrats in Congress touting this, you know, Q 392 00:23:22,200 --> 00:23:24,960 Speaker 1: and on as something that they're gonna use with the suburbs. 393 00:23:24,960 --> 00:23:28,000 Speaker 1: And if they do that, they're sorely misguided. It's one 394 00:23:28,000 --> 00:23:29,920 Speaker 1: of those things I think that only appeals to people 395 00:23:30,040 --> 00:23:32,680 Speaker 1: inside the Beltway. If you got to be talking about 396 00:23:32,920 --> 00:23:37,760 Speaker 1: again stimulus, people's pocketbooks, etcetera. I also think I think 397 00:23:37,760 --> 00:23:40,640 Speaker 1: they're voting or they have voted, to likely stripper from 398 00:23:40,640 --> 00:23:44,639 Speaker 1: her committees. I do worry whether or not it is 399 00:23:44,680 --> 00:23:48,000 Speaker 1: as similar situation as you know we've seen the Senate 400 00:23:48,040 --> 00:23:53,439 Speaker 1: where especially around uh judiciary appointments, where one side does something, 401 00:23:53,440 --> 00:23:55,840 Speaker 1: the other escalates, and on and on and on it goes. 402 00:23:56,200 --> 00:23:58,280 Speaker 1: You know, if Republicans take back the House, you can 403 00:23:58,320 --> 00:24:00,679 Speaker 1: be almost guaranteed they're gonna do the same folks on 404 00:24:00,680 --> 00:24:04,520 Speaker 1: Omar and others. So there are a couple of things 405 00:24:04,520 --> 00:24:07,280 Speaker 1: that play. I do worry about the president of that 406 00:24:07,359 --> 00:24:10,160 Speaker 1: last one front half for coming here on the president, 407 00:24:11,280 --> 00:24:15,000 Speaker 1: for for what this could mean, and just about the 408 00:24:15,680 --> 00:24:19,439 Speaker 1: how Q and on has been pushed to the forefront 409 00:24:19,640 --> 00:24:23,040 Speaker 1: of of dominating the discussion in the House of Representatives today. 410 00:24:23,400 --> 00:24:27,080 Speaker 1: No Democratic member of Congress has threatened the lives of 411 00:24:27,359 --> 00:24:31,800 Speaker 1: Republican members. No Democratic members have. I have to go 412 00:24:31,880 --> 00:24:35,439 Speaker 1: on the housebods and say, oh, nine eleven did happen? 413 00:24:35,760 --> 00:24:39,640 Speaker 1: Obviously rebutting a former things. So this is an entirely 414 00:24:39,760 --> 00:24:43,439 Speaker 1: different level of of sort of not acting as a 415 00:24:43,480 --> 00:24:47,840 Speaker 1: member of Congress should be acting, and you know, the 416 00:24:47,880 --> 00:24:50,760 Speaker 1: Republican Party is going is has its own civil war 417 00:24:50,880 --> 00:24:53,520 Speaker 1: going on. It's a civil war about what's going to 418 00:24:53,600 --> 00:24:56,600 Speaker 1: be the role of Trump and the Trump wing and 419 00:24:56,800 --> 00:25:00,520 Speaker 1: more traditional Democrats Republicans like Liz j. I mean the 420 00:25:00,560 --> 00:25:03,600 Speaker 1: fact that you may have been a four hour today, 421 00:25:03,880 --> 00:25:06,720 Speaker 1: but it was an overwhelming both the listory and it 422 00:25:06,800 --> 00:25:11,600 Speaker 1: says privately where many of those members in private feel 423 00:25:11,680 --> 00:25:15,680 Speaker 1: the party should be going um. And so that's that's 424 00:25:15,720 --> 00:25:18,520 Speaker 1: the challenge that that that the GOP is going to 425 00:25:18,600 --> 00:25:20,760 Speaker 1: be having over the next several years. But you know, 426 00:25:21,000 --> 00:25:22,919 Speaker 1: I'm not a Republican, I'm not an expert on this, 427 00:25:23,000 --> 00:25:25,439 Speaker 1: but from where I said, that's what that looks like. 428 00:25:25,840 --> 00:25:27,399 Speaker 1: You know, I think I think you make a really 429 00:25:27,800 --> 00:25:30,480 Speaker 1: a good point, though, Fred, in terms of because you've 430 00:25:30,520 --> 00:25:33,960 Speaker 1: participated in these meetings, You've testified on Capitol Hill, you've 431 00:25:34,040 --> 00:25:37,520 Speaker 1: overseen the export in Port Bank and been through UH 432 00:25:37,800 --> 00:25:42,280 Speaker 1: confirmation processes and whatnot, and and I think that if 433 00:25:42,320 --> 00:25:45,880 Speaker 1: you're outside of Washington and you're not consuming this from 434 00:25:45,880 --> 00:25:50,080 Speaker 1: a cable news perspective and you're it really does bear repeating, 435 00:25:50,160 --> 00:25:53,400 Speaker 1: just and having covered it today, that this was all 436 00:25:54,000 --> 00:25:57,159 Speaker 1: any of them were talking about in an environment that 437 00:25:57,320 --> 00:26:01,000 Speaker 1: is literally fenced in with barbed wire. Thank you. Panel 438 00:26:01,080 --> 00:26:04,040 Speaker 1: Coming up, Senator Marsha Blackburn. I'm Kevin Sireli. This is 439 00:26:04,040 --> 00:26:20,280 Speaker 1: Bloomberg Radio. You're listening to Bloomberg Sound On with Kevin 440 00:26:20,320 --> 00:26:27,040 Speaker 1: Surrel on Bloomberg Radio. I'm Kevin Cereli, Chief Washington correspondent 441 00:26:27,080 --> 00:26:30,240 Speaker 1: for Bloomberg Television and for Bloomberg Radio. Joined by Senator 442 00:26:30,280 --> 00:26:33,760 Speaker 1: Marsha Blackburn, a Republican from Tennessee. Senator, thank you for 443 00:26:33,880 --> 00:26:36,160 Speaker 1: joining us. A lot of topics to cover, but let's 444 00:26:36,200 --> 00:26:41,320 Speaker 1: start with commerce policy. Because Commerce Secretary nominee Gina Romundo 445 00:26:41,760 --> 00:26:45,680 Speaker 1: has said that she doesn't think President Biden will remove 446 00:26:45,960 --> 00:26:49,880 Speaker 1: former President Trump's Huawei restrictions. What can you tell us 447 00:26:50,080 --> 00:26:54,200 Speaker 1: about her latest comments and policies regarding Quawe. We think 448 00:26:54,240 --> 00:26:59,280 Speaker 1: that Whahwei should be restricted. The fact that Whahwei intentionally 449 00:26:59,480 --> 00:27:04,040 Speaker 1: imbeds by where into their hardware, The fact that these 450 00:27:04,080 --> 00:27:09,119 Speaker 1: microchips are not seen are known until they activate within 451 00:27:09,240 --> 00:27:13,760 Speaker 1: that system. We know that China is trying to build 452 00:27:14,040 --> 00:27:18,240 Speaker 1: a database, if you will, that is built off of 453 00:27:18,320 --> 00:27:22,879 Speaker 1: the images of individuals. We know they're also trying to 454 00:27:23,000 --> 00:27:27,840 Speaker 1: connect the UH collect DNA data they're trying to merge 455 00:27:28,080 --> 00:27:33,919 Speaker 1: this information. This is all part of their global dominance campaign. 456 00:27:34,480 --> 00:27:37,439 Speaker 1: It is what they are looking to do in the 457 00:27:37,480 --> 00:27:42,000 Speaker 1: twenty one century. So since we are aware of this, 458 00:27:42,200 --> 00:27:44,760 Speaker 1: since we know this, since we know that you never 459 00:27:44,880 --> 00:27:51,679 Speaker 1: know where the Chinese commercial sector and the military sector begin, 460 00:27:51,880 --> 00:27:57,800 Speaker 1: and in they even call it civil military fusion, we 461 00:27:57,920 --> 00:28:03,119 Speaker 1: think it is wise that we not allow Huawei to 462 00:28:03,240 --> 00:28:08,200 Speaker 1: be used by any of our US entities or by 463 00:28:08,400 --> 00:28:12,400 Speaker 1: our allies. So we want to make certain that Huawei 464 00:28:12,640 --> 00:28:16,960 Speaker 1: stays out of our purchasing process. It is of concern 465 00:28:17,119 --> 00:28:23,359 Speaker 1: to us that um MS Romando, Governor Romanto may be 466 00:28:23,520 --> 00:28:28,920 Speaker 1: open to allowing Whahway into this process. So you you 467 00:28:28,960 --> 00:28:32,760 Speaker 1: think that because according to a response that she gave 468 00:28:32,800 --> 00:28:36,639 Speaker 1: two members of uh the committee that is overseeing the 469 00:28:36,680 --> 00:28:41,000 Speaker 1: Senate Republicans who are overseeing her confirmation process, she said 470 00:28:41,040 --> 00:28:43,560 Speaker 1: the quote, I understand that parties are placed on the 471 00:28:43,680 --> 00:28:47,400 Speaker 1: entity list and the military end user list generally because 472 00:28:47,440 --> 00:28:50,840 Speaker 1: they pose a risk to US national security or foreign 473 00:28:50,880 --> 00:28:54,520 Speaker 1: policy interests. I currently have no reason to believe that 474 00:28:54,680 --> 00:28:58,920 Speaker 1: entities on those lists should not be there if confirmed. 475 00:28:59,000 --> 00:29:02,400 Speaker 1: I look forward to a briefing on these entities of 476 00:29:02,520 --> 00:29:06,000 Speaker 1: and others of concerns. It sounds like she's not suggesting 477 00:29:06,000 --> 00:29:09,960 Speaker 1: that she wants to remove Huawei from this list it 478 00:29:10,720 --> 00:29:13,800 Speaker 1: but what we want to make certain of is that 479 00:29:13,840 --> 00:29:16,920 Speaker 1: we do not have any of these companies whaweiz e 480 00:29:16,960 --> 00:29:22,080 Speaker 1: t E, any of them allowed back into the process. 481 00:29:22,120 --> 00:29:25,960 Speaker 1: And our concern is with some of the statements that 482 00:29:26,040 --> 00:29:30,640 Speaker 1: are coming from the Biden administration and decisions that are 483 00:29:30,680 --> 00:29:35,520 Speaker 1: being made that are going soft on China. This is 484 00:29:35,760 --> 00:29:38,880 Speaker 1: of concern to us. You can look at energy policy, 485 00:29:39,480 --> 00:29:42,320 Speaker 1: you can look at some of the comments that are 486 00:29:42,360 --> 00:29:47,400 Speaker 1: made in relation to trade or other components, and Kevin, 487 00:29:47,480 --> 00:29:51,600 Speaker 1: we are being very watchful of this. We are very 488 00:29:51,680 --> 00:29:56,560 Speaker 1: concerned about any steps that would make it easier for 489 00:29:56,720 --> 00:30:00,720 Speaker 1: China to achieve their goal of global dominant it. Were 490 00:30:00,880 --> 00:30:04,760 Speaker 1: very concerned about comments that are made that would not 491 00:30:05,000 --> 00:30:11,920 Speaker 1: hold the Chinese Communist Party responsible for the human rights violations. 492 00:30:12,040 --> 00:30:16,960 Speaker 1: Were concerned about statements that would make it easier for 493 00:30:17,040 --> 00:30:20,960 Speaker 1: the Chinese military to advance their goals. And as you 494 00:30:21,000 --> 00:30:22,880 Speaker 1: and I are having this conversation, I mean, there's been 495 00:30:22,920 --> 00:30:24,720 Speaker 1: so much in the tech base, and you, of course 496 00:30:24,720 --> 00:30:27,400 Speaker 1: are one of the leading Republicans on the tech issue. 497 00:30:27,480 --> 00:30:30,640 Speaker 1: Game stop has been in the news and in the headline. 498 00:30:30,680 --> 00:30:34,360 Speaker 1: Senator Ted Cruz has come out some strange political bedfellows 499 00:30:34,360 --> 00:30:36,920 Speaker 1: to be candid with you, Senator, where he and AOC 500 00:30:37,200 --> 00:30:42,000 Speaker 1: are agreeing even on some potential policies. Publicly, what do 501 00:30:42,080 --> 00:30:45,120 Speaker 1: you think should be done or do you have concerns 502 00:30:45,160 --> 00:30:49,320 Speaker 1: about how Robin Hood acted with regards to game Stop. Yeah, 503 00:30:49,360 --> 00:30:51,280 Speaker 1: you know, we're watching all of this and I think 504 00:30:51,360 --> 00:30:55,520 Speaker 1: that there will be heroes, villains, and lessons in this 505 00:30:55,720 --> 00:31:00,400 Speaker 1: entire process. And we don't know yet exactly where there 506 00:31:00,640 --> 00:31:04,320 Speaker 1: was bad actors are fraud. But we do know Senate 507 00:31:04,400 --> 00:31:09,560 Speaker 1: Banking House Finance Janet Yelling is assembling a group to 508 00:31:09,640 --> 00:31:14,479 Speaker 1: cover this. But what we do know is that Republicans, 509 00:31:14,520 --> 00:31:17,320 Speaker 1: and this would be my message to Wall Street, they 510 00:31:17,360 --> 00:31:22,880 Speaker 1: have pushed for a deregulatory environment. We know that there 511 00:31:22,920 --> 00:31:26,200 Speaker 1: are some on the left that would like to micro 512 00:31:26,360 --> 00:31:30,360 Speaker 1: manage the hedge funds and how they operate. To Main Street, 513 00:31:30,480 --> 00:31:34,200 Speaker 1: I would say it is important to us that everyone 514 00:31:34,680 --> 00:31:39,400 Speaker 1: Main Street and Wall Street have access to the marketplace, 515 00:31:39,960 --> 00:31:44,120 Speaker 1: and we will watch the information that comes forward as 516 00:31:44,200 --> 00:31:48,120 Speaker 1: the hearings and the oversight is conducted in the coming weeks. 517 00:31:48,480 --> 00:31:51,280 Speaker 1: I got some more questions for you quickly, Senator Romney, 518 00:31:51,320 --> 00:31:54,840 Speaker 1: Republican of Utah, he's come out with some childcare credits 519 00:31:54,840 --> 00:31:59,200 Speaker 1: for economic stimulus between three thousand and four thousand dollars 520 00:31:59,200 --> 00:32:02,040 Speaker 1: per child. Have you been following this? Do you are 521 00:32:02,080 --> 00:32:05,360 Speaker 1: you supportive of the one point nine trillion dollars stimulus 522 00:32:05,560 --> 00:32:09,080 Speaker 1: or do you think that Americans cannot afford this right now? 523 00:32:09,960 --> 00:32:15,640 Speaker 1: The stimulus or the assistants, or the COVID relief, whatever 524 00:32:15,760 --> 00:32:19,080 Speaker 1: someone is wanting to call it, it should be targeted. 525 00:32:19,280 --> 00:32:23,400 Speaker 1: It should be temporary, it should be timely. And that 526 00:32:23,560 --> 00:32:27,080 Speaker 1: was our problem back in July and August and September 527 00:32:27,160 --> 00:32:33,120 Speaker 1: twice in October November, when we put bipartisan stimulus and 528 00:32:33,400 --> 00:32:38,960 Speaker 1: COVID relief packages forward. Our problem right now is we've 529 00:32:39,000 --> 00:32:43,760 Speaker 1: done five bills that were bipartisan, and now what are 530 00:32:43,760 --> 00:32:47,200 Speaker 1: the Democrats doing. They are trying to go it alone. 531 00:32:47,880 --> 00:32:52,120 Speaker 1: They didn't want a pair down six hundred billion dollar package. 532 00:32:52,400 --> 00:32:54,840 Speaker 1: They don't want to break it apart so that we 533 00:32:54,960 --> 00:32:59,960 Speaker 1: can target money that is needed to families, to individu 534 00:33:00,040 --> 00:33:02,400 Speaker 1: jules who lost their job through no fault of their own, 535 00:33:02,720 --> 00:33:08,520 Speaker 1: to vaccine development and production and distribution. So this is 536 00:33:08,760 --> 00:33:13,400 Speaker 1: a a frustrating process. But I think what you're going 537 00:33:13,480 --> 00:33:18,040 Speaker 1: to see is all of this talk of unity that 538 00:33:18,120 --> 00:33:22,360 Speaker 1: you were getting from the administration. What they're looking for 539 00:33:22,600 --> 00:33:28,480 Speaker 1: is submission and they're looking for conformity. And our approach 540 00:33:28,800 --> 00:33:32,560 Speaker 1: was very different on these issues. And finally, shop President 541 00:33:32,560 --> 00:33:35,400 Speaker 1: Trump testified next week in the trial. As Democrats have asked, 542 00:33:35,800 --> 00:33:39,120 Speaker 1: I have to tell you this, Uh, impeachment for a 543 00:33:39,160 --> 00:33:46,160 Speaker 1: former president is something I view as unconstitutional, and quite frankly, 544 00:33:46,600 --> 00:33:49,480 Speaker 1: I think that the Democrats need to think this one 545 00:33:49,560 --> 00:33:53,320 Speaker 1: through a little bit. If you're going to impeach, which 546 00:33:53,320 --> 00:33:57,760 Speaker 1: would be to convict and remove from office, UH, then 547 00:33:57,880 --> 00:34:02,080 Speaker 1: you have to think about the fact that you would 548 00:34:02,080 --> 00:34:07,680 Speaker 1: open the door to impeaching former president for any of 549 00:34:08,120 --> 00:34:12,959 Speaker 1: the actions or civil officers. So do you really want 550 00:34:13,000 --> 00:34:17,279 Speaker 1: to go down this path and change the way impeachment 551 00:34:17,360 --> 00:34:23,319 Speaker 1: has been used? From earlier today with Senator Marcia Blackburn, 552 00:34:23,520 --> 00:34:28,160 Speaker 1: a Republican from Tennessee, and and headlines crossing the Bloomberg 553 00:34:28,239 --> 00:34:33,560 Speaker 1: terminal about Game Stop in particular, UH and the meeting 554 00:34:33,560 --> 00:34:37,680 Speaker 1: that we are carefully following from Game Stop. We should 555 00:34:37,680 --> 00:34:43,000 Speaker 1: note also that Joe Biden's administration has officially withdrawn Judy 556 00:34:43,040 --> 00:34:47,360 Speaker 1: Shelton's nomination for the Federal Reserve Board again headline crossing 557 00:34:47,400 --> 00:34:52,280 Speaker 1: the Bloomberg terminal that the Biden administration has officially withdrawn 558 00:34:52,760 --> 00:34:57,440 Speaker 1: Judy Shelton's nomination UH for the Federal Reserve. That was expected, 559 00:34:57,840 --> 00:35:02,680 Speaker 1: that was expected to be candid uh. But you know, UH, 560 00:35:02,840 --> 00:35:05,640 Speaker 1: no surprise there. What we don't know is who Poom 561 00:35:06,000 --> 00:35:11,759 Speaker 1: rather President Biden will select in replace of that. But 562 00:35:11,800 --> 00:35:15,440 Speaker 1: we'll find out. Tomorrow, of course, is the first job's 563 00:35:15,520 --> 00:35:18,799 Speaker 1: day of the administration, so the President's economic team will 564 00:35:18,800 --> 00:35:21,319 Speaker 1: be flooding the airways and we will actually get an 565 00:35:21,320 --> 00:35:26,200 Speaker 1: interview tomorrow with bhat Ramudi, Deputy Director of the National 566 00:35:26,239 --> 00:35:31,040 Speaker 1: Economic Council, who was going to break down UH the 567 00:35:31,040 --> 00:35:33,520 Speaker 1: the latest jobs numbers and a headline crossing the Bloomberg 568 00:35:33,600 --> 00:35:37,200 Speaker 1: terminal now from the Treasury Department and Federal Reserve UH 569 00:35:37,400 --> 00:35:40,160 Speaker 1: A former Federal Reserve Chairwoman Jan Yellen. She says that 570 00:35:40,239 --> 00:35:43,840 Speaker 1: she has continued for the Securities and Exchange Commission to 571 00:35:44,400 --> 00:35:49,520 Speaker 1: UH put together a regulatory study on high volatility and 572 00:35:49,560 --> 00:35:52,279 Speaker 1: heavy trading volume, and that they all agreed on the 573 00:35:52,320 --> 00:35:56,200 Speaker 1: importance of the SEC releasing a timely study of the 574 00:35:56,280 --> 00:36:00,360 Speaker 1: events of course, this comes following the game stop develop laments. 575 00:36:00,400 --> 00:36:03,440 Speaker 1: February is Black History Month and Bloomberg Radio is celebrating 576 00:36:03,560 --> 00:36:08,720 Speaker 1: celebrating the pivotal moment in US black history throughout the months, 577 00:36:08,760 --> 00:36:12,719 Speaker 1: and here with today's installments is Bloomberg's renda Young on 578 00:36:12,800 --> 00:36:18,080 Speaker 1: this day in Black History. In Republican Oklahoma Representative Julius Caesar, 579 00:36:18,160 --> 00:36:21,520 Speaker 1: also known as j C. Watts, became the first African 580 00:36:21,520 --> 00:36:24,520 Speaker 1: American to respond to a State of the Union address. 581 00:36:24,880 --> 00:36:27,840 Speaker 1: He delivered the GOP response to then President Bill Clinton 582 00:36:27,960 --> 00:36:31,319 Speaker 1: State of the Union. Watts was the first black representative 583 00:36:31,320 --> 00:36:34,160 Speaker 1: elected from Oklahoma and the first Republican to win the 584 00:36:34,200 --> 00:36:36,880 Speaker 1: district in seventy two years. He was also one of 585 00:36:36,880 --> 00:36:40,480 Speaker 1: two black Republicans in Congress. In his freshman term, Watts 586 00:36:40,560 --> 00:36:44,120 Speaker 1: quickly became one of the GOP's most visible spokesman. That's 587 00:36:44,160 --> 00:36:48,080 Speaker 1: today in Black History. I'm Reneda Young Bloomberg Radio. Thanks 588 00:36:48,120 --> 00:36:50,680 Speaker 1: for that, Nita, uh And I gotta say I gotta 589 00:36:50,719 --> 00:36:55,680 Speaker 1: give my special thanks to two of my teammates, uh 590 00:36:55,840 --> 00:36:59,400 Speaker 1: Rick Davis as well as Jennie chaz A No for 591 00:36:59,520 --> 00:37:01,600 Speaker 1: helping me out in the last two weeks and really 592 00:37:01,600 --> 00:37:03,439 Speaker 1: doing such a great job I was able to listen 593 00:37:03,480 --> 00:37:04,920 Speaker 1: to some of the show. I sent them a text. 594 00:37:04,960 --> 00:37:08,200 Speaker 1: I said, show sounds great. Rick texted me back and goes, 595 00:37:08,400 --> 00:37:11,279 Speaker 1: what are you doing listening to your job on your vacation? 596 00:37:11,560 --> 00:37:13,680 Speaker 1: I said, I can't get enough of Rick Davis. You know, 597 00:37:13,760 --> 00:37:16,120 Speaker 1: he's always bringing the insights. So I have a lot 598 00:37:16,200 --> 00:37:18,959 Speaker 1: of gratitude for for the team. They make me sound 599 00:37:19,040 --> 00:37:21,680 Speaker 1: so smart, and of course to Christine Barrata for holding 600 00:37:21,680 --> 00:37:24,719 Speaker 1: down the fort our executive producer. Don't miss tomorrow. We've 601 00:37:24,760 --> 00:37:28,359 Speaker 1: got all of the job's data reaction analysis. That does 602 00:37:28,400 --> 00:37:30,759 Speaker 1: it for me. I'm Kevin's really this is Bloomberg