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Speaker 1: Live from our nation's capital. This is Bloomberg Sound on

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Speaker 1: middle income families need help. We're coming out of cop

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Speaker 1: at nineteen. You want to keep our economy strong. When

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Speaker 1: you have an infrastructure build, there's spin off back, there's

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Speaker 1: spin offtion cities from towns all across from America. Bloomberg

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Speaker 1: Sound on Politics, Policy and perspective from DC's top name.

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Speaker 1: So we need to incentivize the manufacturing of chips in America.

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Speaker 1: I do believe that a King Day could effective, but

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Speaker 1: I think what government's role is to share the clients,

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Speaker 1: share the fact share the benefits. Schloomberg Sound On with

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Speaker 1: Joe Matthew on Bloomberg Radio Live from Washington, where Bloomberg

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Speaker 1: Radio is not on recess even after the Senator during

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Speaker 1: following the all night voter rama, and as the next

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Speaker 1: governor of New York meets the press today, will be

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Speaker 1: joined in a moment by Congresswoman in Vett Clark, Democrat

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Speaker 1: from New York to talk about the next steps for

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Speaker 1: infrastructure spending in the future for Kathy Hokel. Later we'll

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Speaker 1: talk with the crypto Congressman More and Davidson, Republican from

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Speaker 1: Ohio about amending the crypto tax language and the bipartisan bill,

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Speaker 1: and we'll get analysis from the panel. Bloomberg Politics contributors

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Speaker 1: Genie she and Zano and Rick Davis will be with us,

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Speaker 1: and we turned to the future of politics in New

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Speaker 1: York after the resignation of Governor and Ru Cuomo, at

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Speaker 1: least his announcement yesterday, he won't leave for another couple

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Speaker 1: of weeks, but his replacement, Lieutenant Governor Kathy Hokel, is

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Speaker 1: not waiting. She held her first news conference a short

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Speaker 1: time ago today and was quick to show a sense

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Speaker 1: of humor. She walked up to the podium and the

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Speaker 1: mics didn't work. It sounds like there's an audio problem.

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Speaker 1: What a great start. Can you hear me now? Yes?

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Speaker 1: A commercial? Can you hear me now? All right? All right,

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Speaker 1: good afternoon, and thank you for being here. And that's

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Speaker 1: how it began. And all of us who talk into

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Speaker 1: microphones every day send our empathy to Albany. Kathy Hokel

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Speaker 1: went straight for Governor Cuomo when she began speaking regarding

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Speaker 1: his decision to step down. I believe it is appropriate

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Speaker 1: and in the best interest to the state of New York.

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Speaker 1: And while it was not expected, there's a day for

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Speaker 1: which I am prepared. Joined out by Congresswoman Yvette Clark,

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Speaker 1: Democrat from New York, as promised Congresswoman, welcome back to

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Speaker 1: Bloomberg Radio. Do you believe Kathy Hokel is prepared. I

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Speaker 1: definitely believe that Kathy Hokel is prepared. And I'm really

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Speaker 1: pleased that. Uh. You know, it was serendipity that she

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Speaker 1: was actually the lieutenant governor uh that would succeed this governor.

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Speaker 1: I had an opportunity to serve with Kathy in the

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Speaker 1: New York excuse me, in the New York delegation in

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Speaker 1: the United States Congress. Uh. And she's a very determined

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Speaker 1: woman to get things done on behalf of the people

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Speaker 1: of New York State. So I'm one who is encouraged

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Speaker 1: by her ascension to the governorship. Well, we spent a

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Speaker 1: lot of time I'm talking around this congresswoman. I just

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Speaker 1: wonder about the policy. Will she bring anything different to

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Speaker 1: New York politics? And I ask you that because her

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Speaker 1: policy is obviously aligned with Andrew Cuomos. Well, I think

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Speaker 1: that it's approach, it's it's she's a people person, uh,

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Speaker 1: as has been noted. Uh, she has traveled UH the

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Speaker 1: length and breath of of the state meeting at the

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Speaker 1: local level. I know she's come to my community on

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Speaker 1: a number of occasions, uh, and I think that many

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Speaker 1: people can speak to her her genuine interest in what

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Speaker 1: is happening on the ground. And I think that's what

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Speaker 1: this state needs in this moment, particularly as we battle

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Speaker 1: against the COVID nineteen delta variant. So UM. Again, I

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Speaker 1: think it's all about approach, uh and effectiveness. You know.

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Speaker 1: I think that Kathy will seek counsel among her colleagues, UM,

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Speaker 1: and then make the best determinations once she's listened to

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Speaker 1: the various concerns of the people of the state of

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Speaker 1: New York. And and that's I think a departure from

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Speaker 1: what most uh New Yorkers have you know, have witnessed

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Speaker 1: and have experienced with Governor Cuomo. Well, congress Woman, you

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Speaker 1: walked us there. Starting this job in the middle of

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Speaker 1: a pandemic is a tough spot. The whole country was

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Speaker 1: stopping a year ago, as we discussed yesterday, to watch

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Speaker 1: the daily briefings from Andrew Cuomo. He became closely associated

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Speaker 1: with the fight against COVID. Of course, a lot of

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Speaker 1: things happened since then, but what would it mean for

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Speaker 1: Kathy Hokel and her administration in terms of maintaining a

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Speaker 1: seamless response to the virus. Well, you know, I think that, again,

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Speaker 1: the governor's resignation was a surprise uh to everyone. UH.

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Speaker 1: In terms of timing, I think it was a matter

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Speaker 1: of time, but I think that the timing of it

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Speaker 1: was something that no one could predict. The great thing

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Speaker 1: about it is that Cathy has been traveling across the state. UH.

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Speaker 1: It's not as though she's unfamiliar with what has taken

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Speaker 1: place and what hasn't taken place, And so I think

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Speaker 1: that she that enables her to really hit the ground running. UH.

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Speaker 1: Their number of concerns that I think all New Yorkers

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Speaker 1: have with with the resurgence of the the delta variant, UH,

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Speaker 1: that we're all going to have to work with her

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Speaker 1: to address that. She's not doing this by herself. She's

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Speaker 1: going to have a lot of support from the state

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Speaker 1: legislature as well as congressional colleagues, UH and and our

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Speaker 1: local and municipal leadership. And so I really believe that

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Speaker 1: she's already demonstrated as a lieutenant governor what it takes

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Speaker 1: to have the pulse of the people UM and to

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Speaker 1: to then take action based on her observations and the

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Speaker 1: intelligence that she'll gather from those around her. Do you

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Speaker 1: think that there should be an ongoing investigation beyond Governor

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Speaker 1: Cuomo's resignation into the way deaths were recorded at nursing

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Speaker 1: homes because of COVID. This was obviously a major controversy.

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Speaker 1: Does that investigation end with him stepping down or should

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Speaker 1: that proceed? I think it should proceed. We want to

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Speaker 1: make sure that we uh, you know, we don't revisit

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Speaker 1: um practices of the past, and we we need to

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Speaker 1: know what took place in order to avert that in

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Speaker 1: the future. So, you know, a transparency is always I

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Speaker 1: think best in governance, and to the extent that we

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Speaker 1: can get to the bottom of exactly what took place,

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Speaker 1: I think it will vote well for for all New Yorkers. Congresswoman,

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Speaker 1: before the allegations against Andrew Cuomo emerged, did you have

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Speaker 1: a good working relationship with the governor? I had a

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Speaker 1: relation and ship that was somewhat remote. I guess it's

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Speaker 1: very similar to Catsy Hoco. I I never served in

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Speaker 1: the state legislature, and I recognized that a lot of

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Speaker 1: my colleagues that did serve in the state legislature, UH

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Speaker 1: had a I guess a more familiar relationship with him. Um.

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Speaker 1: Certainly during the outbreak of of COVID, the his office

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Speaker 1: reached out to have us identify some testing sites. But

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Speaker 1: you know, to to the to the extent where there

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Speaker 1: was collaboration that that was those opportunities were very few

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Speaker 1: and far between. We're speaking with Congresswoman if that Clark,

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Speaker 1: Democrat from New York, and I'd like to ask you

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Speaker 1: about infrastructure since that is the biggest story of the

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Speaker 1: moment in Washington. Will you vote to support the bipartisan

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Speaker 1: Infrastructure Plan passed in the Senate? And I asked you

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Speaker 1: that as chair on the Subcommittee on cyber Security, Infrastructure, Protection,

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Speaker 1: and Innovation. It's a it's a pretty good point on

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Speaker 1: your resume to talk about the recent Senate Infrastructure Plan

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Speaker 1: and the language of innovation from the White House as

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Speaker 1: initial proposal that was eliminated from the bill. Would you

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Speaker 1: try to put that back in? Absolutely? I think that

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Speaker 1: you know, we really have to uh go into into

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Speaker 1: the details of the the biff as it's affectionately called

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Speaker 1: on the Hill by Bipartisan Infrastructure Plan UM and and

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Speaker 1: then you know, I am standing very firmly with a

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Speaker 1: Speaker Pelosi is that, UH, this must come with the

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Speaker 1: full um menu of of of of programmatic UH and

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Speaker 1: policy decisions that the President has requested, that that includes

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Speaker 1: our reconciliation bill. Once I have a fuller um understanding

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Speaker 1: of everything that's in the in the Senate bill, I'll

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Speaker 1: be able to make an informed decision about what either

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Speaker 1: needs to be added or whether, in fact I can

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Speaker 1: just uh, I feel confident that it will meet the

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Speaker 1: needs of the American people. Right now that remains to

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Speaker 1: be seen. Just so we're all following here because I

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Speaker 1: love the wonky jargon. It's b I P. We call

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Speaker 1: it the BIF. Congresswoman, do I call it the BIFF

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Speaker 1: B B I F it's the by the Bipartisan Infrastructure Plan. Okay,

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Speaker 1: so in I F for its like BIFF, like back

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Speaker 1: to the future exactly now with regard to this, to

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Speaker 1: the to the Reconciliation Plan three and a half trillion dollars,

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Speaker 1: Chuck Schumer said today that some of his members think

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Speaker 1: it's too expensive, others think it doesn't go far enough.

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Speaker 1: Which category would you fit in I think it doesn't

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Speaker 1: go far enough. We are in the middle of so

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Speaker 1: many crises in this nation, and it's time for us

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Speaker 1: to turn the page on what I considered to be

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Speaker 1: dwelling in the twentieth century. We've got a real threat

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Speaker 1: with uh, with climate change right now. UH. If we

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Speaker 1: don't do everything in our power. UH. You know this,

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Speaker 1: this uh crisis we're in will only loom larger. Uh

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Speaker 1: that that's just one element of this. You know, the

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Speaker 1: health care infrastructure we're we're still battling a pandemic that

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Speaker 1: that started almost two years ago, UM, and and it's

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Speaker 1: only picking up in its in its veracity. And so

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Speaker 1: I believe that we need to make these investments there

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Speaker 1: once in the generation, investments to make sure that we

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Speaker 1: are poised and and and prepared to meet the demands

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Speaker 1: of the twenty one century. And that three trillion, uh,

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Speaker 1: you know, it's only a down payment in what I

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Speaker 1: believe UH is gonna be needed for us to really

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Speaker 1: advance our our civil society. We only have a minute left. Congresswoman,

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Speaker 1: I'd like to ask you about climate change, because that's

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Speaker 1: been a big priority for you. Many in your Democratic

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Speaker 1: caucus in the House think there's not enough in the

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Speaker 1: Senate bill. Will you make up for that in reconciliation

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Speaker 1: to tackle climate change in New York and around the country. Absolutely. Absolutely,

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Speaker 1: New Yorkers, particularly those of us from New York City

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Speaker 1: after Superstorm Sandy, recognize that we are quite vulnerable. Uh.

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Speaker 1: You know, the city of New York with the extensive

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Speaker 1: with the exception of the Bronx are a network of islands,

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Speaker 1: and with sea level rise and the frequency of storms

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Speaker 1: that are taking place in the Atlantic. Uh, we have

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Speaker 1: got to do everything we can to join the fight

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Speaker 1: uh to protect ourselves against the changing climate. And that

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Speaker 1: means that we've got to cut down on carbon e missions.

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Speaker 1: That's gonna take a retro fitting, it's gonna take building

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Speaker 1: out new facilities, UH to electrify um our environment using

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Speaker 1: renewables and and the whole host of other new technologies

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Speaker 1: so that you know, we can we can survive this,

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Speaker 1: and that our generations that will proceeded, that will succeed us,

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Speaker 1: will not inherit this UH horrific dynamic that that we're

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Speaker 1: all facing. Congresswoman A That Clark, Democrat from New York,

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Speaker 1: thanks for being with us here on sound on coming

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Speaker 1: up we'll mix it up with the panel. I'm Joe Matthew.

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Speaker 1: This is Bloomberg. You're listening to Bloomberg. You sound on

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Speaker 1: with Joe Matthew on Bloomberg Radio. Senators maybe on recess,

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Speaker 1: but they did pull an all nighter before they left.

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Speaker 1: It's as if we caught a pass, a nice long

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Speaker 1: pass at midfield, but we still have fifty yards to

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Speaker 1: go before we score a touchdown. And that's the part

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Speaker 1: everybody seems to forget. It's only halfway done. There's this

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Speaker 1: other place called the House. We just talked about it

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Speaker 1: with Congresswoman Clark. Let's bring in the panel. Bloomberg Politics

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Speaker 1: contributors Jeannie she and Zano and Rick Davis are here. Genie,

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Speaker 1: how different will the infrastructure bill look once it gets

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Speaker 1: through the House, assuming it gets through the House. And

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Speaker 1: I ask you that after vote, Orama kept these guys

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Speaker 1: and gals up till four o'clock in the morning, and

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Speaker 1: we saw some some chinks in the armor for Democrats

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Speaker 1: and certainly a lot of Republicans eager to embarrass them.

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Speaker 1: That's right. And you know, for political geeks like myself,

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Speaker 1: it was so fun to watch. And you know, I

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Speaker 1: died as much as I could. And of course, you know,

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Speaker 1: besides election day, these are the days we love, UM,

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Speaker 1: and it was quite a night, you know, amendment after

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Speaker 1: amendment after amendment going through. How different will the bill look?

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Speaker 1: Of course, you know, if we're talking the biff, as

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Speaker 1: you were just talking with the congresswoman about, UM, it's

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Speaker 1: gonna look different once it goes through the House. I

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Speaker 1: don't think it will look that much different. However, Um, obviously,

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Speaker 1: as we talked about reconcilation, that could look I mean,

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Speaker 1: we don't even know what it looks like now, but

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Speaker 1: it could look a good deal different based on this

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Speaker 1: outline once it gets through the Senate and and clears

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Speaker 1: the House. If it does as you said, we've seen

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Speaker 1: a lot of infighting amongst Democrats just in the last

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Speaker 1: twenty eight hours, particularly in the House. They will all

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Speaker 1: want to have their say in what is in this bill,

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Speaker 1: and as we talked about yesterday, a lot of it

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Speaker 1: depends on their constituents. You know where you know I

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Speaker 1: am that you talk New Jersey, New York. That salt

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Speaker 1: is going to be a big deal for those representatives

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Speaker 1: elsewhere around the country. They have other issues that they

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Speaker 1: are going to demand and those things will impact what

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Speaker 1: the final bill looks like. If there is one salt,

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Speaker 1: which we talked about quite a bit yesterday, the federal

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Speaker 1: deduction for state and local taxes. Genie, do you think

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Speaker 1: the House will strike all of those amendments from last night?

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Speaker 1: Their non binding, but they could get rid of them

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Speaker 1: if they want. Yeah, I think many of those will go,

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Speaker 1: you know, part of the you know kind of craziness.

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Speaker 1: So what happens at a night like a vote a

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Speaker 1: rama is so much of that is so the party

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Speaker 1: that's in the minority can hold the majority party accountable

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Speaker 1: and make them vote on things. And of course I

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Speaker 1: think one of the great moments last night was Corey

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Speaker 1: Booker and the Democrats embracing the call from Republicans on

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Speaker 1: defunding the police. But a lot of that is sort

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Speaker 1: of the theatrics of the thing, and much of that

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Speaker 1: will not make it in a final bill. Well, Rick Davis,

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Speaker 1: let's talk a little bit about vote rama. As I

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Speaker 1: read on the terminal Senate all nighter reveals cracks among Democrats.

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Speaker 1: Joe Mansion voted with Republicans in opposing funding to promote

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Speaker 1: critical race theory. Senator Cinema voted with Republicans to shield

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Speaker 1: family businesses from inheritance taxes. Mark Kelly broke ranks voting

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Speaker 1: to limit tax credits for electric vehicles. Is this the

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Speaker 1: beginning of the end for the field, good moment for Democrats? Well,

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Speaker 1: I think we've got to be totally clear. You know,

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Speaker 1: we know a biff is the bipartisan infrastructure plan. Well,

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Speaker 1: last night was the diff Democrat only infrastructure plan. And

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Speaker 1: and so yeah, there were there were a lot of dissensions,

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Speaker 1: and the Republicans put the Democrats on the spot. I mean,

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Speaker 1: fifty plus amendments offered, you know, that got them all

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Speaker 1: the way to four o'clock in the morning. And I

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Speaker 1: would say underlying all that, there was a targeted effort

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Speaker 1: by Republicans in the Senate to put on the spot

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Speaker 1: four senators who are up for re election this cycles, Kelly, Warnock, Hassan,

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Speaker 1: and Cortez Mastro. And they were put over and over

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Speaker 1: and over through the grinder, forced to make votes that

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Speaker 1: we're gonna look bad for them in the election cycle.

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Speaker 1: And so a lot of those amendments were designed to

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Speaker 1: do just that. And and Republicans were out crowing this morning,

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Speaker 1: here's a bill that they of the Republicans and the

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Speaker 1: Senator posed and yet they felt like what they got

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Speaker 1: done in the amendment process was enough to maybe take

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Speaker 1: back the Senate in two years, and so that was

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Speaker 1: the Republican game. Last night. They felt they were successful.

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Speaker 1: Democrats got up three and a half trillion dollar bill

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Speaker 1: to play with. But I would say one thing, um,

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Speaker 1: there was no wrap around amendment, which is a way

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Speaker 1: that bills get sent from one house to the other

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Speaker 1: Senate Chamber to the House in this regard, and without

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Speaker 1: that wrap around amendment, it is almost impossible for the

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Speaker 1: House to take out all these amendments that were passed

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Speaker 1: into the bill last night. So they can add, but

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Speaker 1: they can't subtract. How many vote ramas? Did you live through?

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Speaker 1: All the gray hairs I have on my head, each

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Speaker 1: one is a voter rama. Well, I'll tell you. I

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Speaker 1: guess they should have known it was the biff anybody

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Speaker 1: that obviously this is something everybody knew. As we spend

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Speaker 1: time with Rick and Genie, UH talk to us Genie

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Speaker 1: about reconciliation specifically, it's it's really nothing but blanks right now.

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Speaker 1: And we know that Joe Manchin, we know Kirston Cinema

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Speaker 1: don't like that three handle the three and a half trillion.

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Speaker 1: What's that going to end up looking like? Jensaki was

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Speaker 1: asked today if it's more like two trillions. She didn't

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Speaker 1: want to answer, yeah, and and and rightly, So, um,

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Speaker 1: I don't think we know what it's going to end

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Speaker 1: up looking like. We do know that people like Kristen

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Speaker 1: Cinema and Joe Mansion have the power, as do any

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Speaker 1: of the other Democrats in the Senate, to push back

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Speaker 1: on the size of this bill, and of course we

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Speaker 1: heard today that they are uncomfortable. I would say one thing,

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Speaker 1: Joe Mansion has long talks about being uncomfortable. I'm not

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Speaker 1: sure at this point he votes against it in the end.

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Speaker 1: You know, I think it's going to depend an awful

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Speaker 1: lot how this looks. But let's not forget what they've done.

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Speaker 1: I mean, if you think about your own household way

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Speaker 1: of running your budget, it's a heck of a way

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Speaker 1: to make a budget, right, to say we're gonna do

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Speaker 1: all these things and then we're going to fund it

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Speaker 1: in the aftermath. So it's going to be fascinating to

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Speaker 1: watch the specifics here. Ricky Genie will be back coming up,

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Speaker 1: we lean into the infrastructure debate with the crypto Congressman

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Speaker 1: Representative Warren Davidson, Republican from Ohio. You know where we're

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Speaker 1: going on this. I'm Joe Matthew. This is Bloomberg. You're

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Speaker 1: listening to Bloomberg. You sound on with Joe Matthew on

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Speaker 1: Bloomberg Radio. So the bi part is an infrastructure bill

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Speaker 1: that passed the Senate, which we now call Biff apparently

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Speaker 1: had to keep the language the same when it came

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Speaker 1: to reporting for taxes on crypto. They never got to

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Speaker 1: agree on any of the amendments that narrowed the language

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Speaker 1: to define what a broker is and maybe protect some

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Speaker 1: of the other players like miners and software companies. We're

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Speaker 1: going to talk about that because the House will have

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Speaker 1: a chance to change that language. Coming up with Congressman

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Speaker 1: Warren Davidson, Republican from Ohio, and welcome to Sound On

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Speaker 1: for Wednesday. As the infrastructure bill heads from the Senate

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Speaker 1: to the House, raising a lot of questions about what

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Speaker 1: kind of changes might be made to the bill. And

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Speaker 1: we're joined by Congressman war Davidson, Republican from Ohio. Congressman,

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Speaker 1: welcome back. You've become known as the crypto Congressman, and

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Speaker 1: I'd like to start there. I wonder if you plan

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Speaker 1: to change or make an effort to change the tax

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Speaker 1: reporting language around cryptocurrency that caused so much controversy in

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Speaker 1: the Senate. Well, certainly, and right now we don't know

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Speaker 1: whether Speaker Pelosi will allow us to even offer amendments

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Speaker 1: to this bill. And it's not even clear that we're

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Speaker 1: going to get a clean vote on the infrastructure bill

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Speaker 1: bill versus bundling it with the three and a half

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Speaker 1: trillion dollar spending package show all in you're looking at

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Speaker 1: four point seven and four point seven trillion and spending.

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Speaker 1: So we don't know what the process is going to

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Speaker 1: be like in the House, but it looks like the

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Speaker 1: wee House is headed back to pac to deal with

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Speaker 1: whatever the Senate has sent our way. By then, maybe

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Speaker 1: I should have started with condolences that your recess is

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Speaker 1: being cut short. Is that the right thing to do? Well, Look,

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Speaker 1: you know there are people that we would end up

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Speaker 1: having to cancel that kind of work to schedule things

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Speaker 1: here in August, So we have a very full schedule

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Speaker 1: open going all over the place here and from folks,

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Speaker 1: more of the big concerns in the district is inflation

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Speaker 1: and the amount of spending this going on. How are

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Speaker 1: we gonna pay for this? Uh? And look, the damage

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Speaker 1: to the dollar is part of why crypto has just

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Speaker 1: taken off. People are concerned about how how much destruction

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Speaker 1: is doing is happening to the dollar, and they're putting

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Speaker 1: their their their savings and investments into other other assets.

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Speaker 1: Crypto is certainly outperformed, you know, broadly over the past decade,

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Speaker 1: Bitcoin in particular, and the damage that could be done

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Speaker 1: to this. We've tried for four years now to get

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Speaker 1: regulatory clarity on cryptocurrencies. You know, people that are legitimate

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Speaker 1: players in this space want some regulatory clarity. They don't

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Speaker 1: want regulatory destruction, uh. And they don't want regulatory uncertainty.

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Speaker 1: We've had regulation by enforcement, which creates a lot of

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Speaker 1: uncertainty now, but bad language in this bill by the

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Speaker 1: Senate is going to create a lot of regulatory uncertainty

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Speaker 1: to the extent there is certainty. I mean, the direct language,

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Speaker 1: in spite of the speeches on the floor in the Senate,

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Speaker 1: would treat virtually anyone that touches crypto as a broker.

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Speaker 1: And if you think about it if if the bank

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Speaker 1: was treated this way, banks who handle cash would be

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Speaker 1: treated like brokers. The teller at the bank would be

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Speaker 1: a broker. Somebody that drives the safe deposit truck to

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Speaker 1: and from the bank would be a broker. I mean

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Speaker 1: that's the effect of how bad the language is in

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Speaker 1: the Senate's bill. So absolutely that will be one of

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Speaker 1: the amendments we offer, if we get a chance to offer. Amen,

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Speaker 1: we're talking with Congressman Warren Davidson, Republican from Ohio, known

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Speaker 1: to some as the crypto Congressman. But I'd like to

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Speaker 1: ask you about a little bit more than crypto Congressman.

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Speaker 1: When you look at the hard infrastructure in the bipartisan

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Speaker 1: bill that was passed by the Senate, is the money

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Speaker 1: going to the right places? Are you getting enough for

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Speaker 1: Ohio's eighth congressional district to fix roads, bridges, and tunnels?

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Speaker 1: The stuff that actually started this whole conversation. Well, the

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Speaker 1: disappointing thing is just the math level. This is got

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Speaker 1: a hundred and one hundred and ten billion dollars worth

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Speaker 1: of funding for traditional infrastructure um and the budget score

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Speaker 1: says they're just gonna get It's going to increase the

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Speaker 1: debt by two hundred and fifty billion dollars. Now, who

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Speaker 1: would negotiate a deal where you get a hundred and

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Speaker 1: ten ten billion benefit that costs two h The whole

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Speaker 1: package was one point two trillion. And look aside from

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Speaker 1: just the policy language, the language in terms and conditions

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Speaker 1: for the money, just you have a math problem at

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Speaker 1: the basic level. There's all kinds of stuff that I

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Speaker 1: consider toxic policy that would potentially be deal breakers for

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Speaker 1: me even if the math worked d when it comes

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Speaker 1: to the allotment though, for for Rhodes bridges tunnels, just

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Speaker 1: to clarify, does the eighth district get what it needs?

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Speaker 1: Are you served to fix the hard infrastructure in your

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Speaker 1: district that you want to see repaired? No. I think

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Speaker 1: that's one of the other disappointing things. In spite of

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Speaker 1: this giant nun burke. One of the biggest needs in

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Speaker 1: southwest Ohio is the Brent Spence Bridge. It goes across

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Speaker 1: the Ohio River between Cincinnati and northern Kentucky. And there's

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Speaker 1: not a clear answer that this is gonna fully deal

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Speaker 1: with a bridge there. And if there's a if there's

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Speaker 1: a true role for federal infrastructure, UH here, You've got

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Speaker 1: a bridge that goes between Ohio and Kentucky over one

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Speaker 1: of our biggest navigable waterways, the Ohio River. Uh, and

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Speaker 1: three and a half percent of GDP goes over you

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Speaker 1: get two major interstate highways that come together right through there.

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Speaker 1: Uh connects the Cincinnati Covington, Kentucky Northern Kentucky Airport there. Uh. There,

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Speaker 1: there is a clear need for that infrastructure project. Um,

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Speaker 1: but it's not clear that that funding would be able

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Speaker 1: to be done because of the level of support from

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Speaker 1: the state of Kentucky and the state of Ohio. That

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Speaker 1: you're a no vote on the underlying bill. Oh yeah,

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Speaker 1: I'll be it no. If you just look at the

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Speaker 1: infrastructure bill, if we send that over as a vote,

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Speaker 1: I'll be you know, uh, you know. Hopefully we can

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Speaker 1: find a way to amend it in a way that

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Speaker 1: you can get to yes on it, but that'd be

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Speaker 1: substantial amendments. Right now, if it comes over as is

429
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Speaker 1: and we don't get offer amendments, I'm definitely enough. Congressman

430
00:25:14,160 --> 00:25:17,240
Speaker 1: Warren Davidson, Republican from Ohio, I hope you enjoy what's

431
00:25:17,359 --> 00:25:19,480
Speaker 1: left of your August recess, come back and talk to

432
00:25:19,560 --> 00:25:22,560
Speaker 1: us when you're back in the Capitol. Look forward to it.

433
00:25:22,640 --> 00:25:26,520
Speaker 1: Thank you. Now, Bloomberg has people pouring over the infrastructure bill,

434
00:25:26,560 --> 00:25:30,119
Speaker 1: all two thousand seven hundreds of pages. Well, there's a

435
00:25:30,119 --> 00:25:32,840
Speaker 1: lot in there, a lot that no one's talking about.

436
00:25:32,840 --> 00:25:34,560
Speaker 1: So we're gonna bring items to you over the next

437
00:25:34,600 --> 00:25:36,480
Speaker 1: couple of weeks. You won't hear about anywhere else the

438
00:25:36,520 --> 00:25:42,480
Speaker 1: fine print. And today it's the hyper loop. Do you

439
00:25:42,520 --> 00:25:45,520
Speaker 1: hear about this? You know, the futuristic transportation system that

440
00:25:45,560 --> 00:25:49,480
Speaker 1: Elon Must conceived and is actually developing along with others

441
00:25:49,480 --> 00:25:53,040
Speaker 1: like Virgin hyper Loop. This bill allows companies like those

442
00:25:53,600 --> 00:25:57,120
Speaker 1: to compete for federal funding to create the system. It's

443
00:25:57,160 --> 00:26:00,200
Speaker 1: cool stuff, as introduced a couple of years ago by

444
00:26:00,240 --> 00:26:03,199
Speaker 1: Elon Musk himself, who said the idea came from sitting

445
00:26:03,240 --> 00:26:07,200
Speaker 1: in god awful traffic in l a soul destroying. It's

446
00:26:07,240 --> 00:26:11,480
Speaker 1: like acid on the soul. It's horrible. We must must

447
00:26:11,520 --> 00:26:18,959
Speaker 1: go away. Um, And it's finally this something. All right,

448
00:26:19,000 --> 00:26:21,240
Speaker 1: let's try it out. How does it work? Sitting in

449
00:26:21,280 --> 00:26:24,480
Speaker 1: the pod here, shot at high speed through a vacuum too.

450
00:26:25,960 --> 00:26:27,640
Speaker 1: Now that we're up to speed, I'll show you around

451
00:26:27,680 --> 00:26:29,840
Speaker 1: this thing. If you look to your left right now,

452
00:26:32,440 --> 00:26:38,080
Speaker 1: We're already here. That's now. Just imagine as you sit

453
00:26:38,119 --> 00:26:40,200
Speaker 1: in traffic right now, thirty minutes from New York to

454
00:26:40,280 --> 00:26:43,919
Speaker 1: d C. That is hard infrastructure. I'm Joe Matthew. This

455
00:26:44,040 --> 00:26:52,880
Speaker 1: is Bloomberg. You're listening to Bloomberg. You sound on with

456
00:26:53,000 --> 00:26:58,400
Speaker 1: Joe Matthew on Bloomberg Radio. The White House wants OPEK

457
00:26:58,480 --> 00:27:00,919
Speaker 1: to open the spigot. We're gonna talk about this with

458
00:27:01,000 --> 00:27:05,159
Speaker 1: the panel. President Biden today urging OPEC member nations to

459
00:27:05,280 --> 00:27:08,320
Speaker 1: reverse the production cuts they put in place in the pandemic,

460
00:27:08,320 --> 00:27:11,800
Speaker 1: remember when no one was driving anywhere, all in an effort,

461
00:27:11,840 --> 00:27:14,720
Speaker 1: he says, to make gas prices more affordable for Americans.

462
00:27:14,720 --> 00:27:20,280
Speaker 1: But of course we're not part of OPEC, and we

463
00:27:20,359 --> 00:27:25,080
Speaker 1: have our own oil producers here. So Bloomberg News White

464
00:27:25,080 --> 00:27:27,840
Speaker 1: House correspondent josh Win Grove got into this with White

465
00:27:27,840 --> 00:27:35,240
Speaker 1: House Press Secretary Jensaki today and we bring in the

466
00:27:35,280 --> 00:27:39,600
Speaker 1: panel here Bluebird Politics contributors Jeanie she and Zano and

467
00:27:39,680 --> 00:27:42,920
Speaker 1: Rick Davis. Rick, what is the point of the White

468
00:27:42,960 --> 00:27:46,560
Speaker 1: House asking OPEC to do things differently? I know we

469
00:27:46,680 --> 00:27:50,439
Speaker 1: have considered releasing supplies from the Strategic Reserve. Why Wy

470
00:27:50,480 --> 00:27:54,200
Speaker 1: not just ask shale producers in Texas to start really well,

471
00:27:54,240 --> 00:27:57,240
Speaker 1: I think you know, he's looking at the what's impacting

472
00:27:57,359 --> 00:28:02,199
Speaker 1: the gasoline prices at the at the pump, and I

473
00:28:02,240 --> 00:28:05,000
Speaker 1: think in his mind and certainly probably what his advisors

474
00:28:05,000 --> 00:28:08,800
Speaker 1: are telling him is the market manipulation by opick, which

475
00:28:08,880 --> 00:28:12,440
Speaker 1: always happens. And and exactly what you said, Joe, UH

476
00:28:12,600 --> 00:28:17,760
Speaker 1: was pretty well constrained during COVID when nobody was going anywhere. UH.

477
00:28:17,800 --> 00:28:20,200
Speaker 1: And as prices have come up, especially in the summertime,

478
00:28:20,240 --> 00:28:22,919
Speaker 1: it's it's it's it's been part of what has been

479
00:28:22,960 --> 00:28:27,359
Speaker 1: contributing to the inflationary pressure on American families. And so

480
00:28:27,400 --> 00:28:29,840
Speaker 1: he's taken his position as the guy at the kitchen table.

481
00:28:30,040 --> 00:28:33,080
Speaker 1: He's gonna he's gonna be for those of us who

482
00:28:33,080 --> 00:28:36,639
Speaker 1: are driving our pickup trucks and our her hummers, and

483
00:28:36,640 --> 00:28:39,440
Speaker 1: and he's gonna he's gonna try and get the Middle East,

484
00:28:39,920 --> 00:28:43,640
Speaker 1: which has always been the drum we beat when prices

485
00:28:43,680 --> 00:28:47,080
Speaker 1: go up to UH to try and unleash their production.

486
00:28:47,960 --> 00:28:49,959
Speaker 1: I've got that question now from Josh wing Grove at

487
00:28:49,960 --> 00:28:51,880
Speaker 1: the White House today. Let's listen to this exchange. You're

488
00:28:51,880 --> 00:28:55,000
Speaker 1: as to increase in the productions raiding the US. The

489
00:28:55,120 --> 00:28:58,360
Speaker 1: US producers I can do to increase production when the

490
00:28:58,400 --> 00:29:01,920
Speaker 1: he was the administration can consider doing to US or

491
00:29:02,040 --> 00:29:04,680
Speaker 1: US oil. Well, that there wasn't an ask. We made

492
00:29:04,920 --> 00:29:07,480
Speaker 1: the point where well, there wasn't an ask. We made

493
00:29:07,680 --> 00:29:10,160
Speaker 1: the point where, well, this is something wrong with that audio,

494
00:29:10,200 --> 00:29:12,000
Speaker 1: but we'll figure that out. The point that she was

495
00:29:12,080 --> 00:29:15,840
Speaker 1: making here is that they did not, Genie. They're going

496
00:29:15,880 --> 00:29:17,920
Speaker 1: directly to OPEC to ask for a little bit of

497
00:29:17,960 --> 00:29:21,120
Speaker 1: breathing room here will the US get it? Um? I

498
00:29:21,160 --> 00:29:23,600
Speaker 1: don't know if they will get a lot of breathing

499
00:29:23,640 --> 00:29:25,840
Speaker 1: room if they get any. And you know, this is

500
00:29:25,920 --> 00:29:28,400
Speaker 1: not a new ask on the part of the US,

501
00:29:28,440 --> 00:29:31,520
Speaker 1: and I'm not surprised that the Biden administration has done this.

502
00:29:31,960 --> 00:29:36,320
Speaker 1: We consistently do this, and to your point earlier, we

503
00:29:36,400 --> 00:29:39,600
Speaker 1: also can press our own people. But of course the

504
00:29:39,600 --> 00:29:43,640
Speaker 1: Biden administration is going to be pressing OPEC the same

505
00:29:43,680 --> 00:29:47,680
Speaker 1: as administrations before them. Who knows what the outcome of that.

506
00:29:47,760 --> 00:29:50,240
Speaker 1: Maybe we may get a little relief, but I don't

507
00:29:50,280 --> 00:29:52,280
Speaker 1: know that we'll get a lot, and I'm not sure

508
00:29:52,520 --> 00:29:55,160
Speaker 1: that they're expecting it. But he's gonna make that ask

509
00:29:55,160 --> 00:29:57,480
Speaker 1: and get at the table. It's interesting though, with all

510
00:29:57,520 --> 00:30:00,160
Speaker 1: the talk of of delta oil, prices of act se

511
00:30:00,160 --> 00:30:03,360
Speaker 1: been under pressure overall in the past couple of weeks

512
00:30:03,360 --> 00:30:05,760
Speaker 1: here Rick, they seem to be taking care of themselves.

513
00:30:06,440 --> 00:30:09,040
Speaker 1: Uh is the timing off here or do you see

514
00:30:09,200 --> 00:30:12,240
Speaker 1: a need for this as we go into fall and winter? Well,

515
00:30:12,280 --> 00:30:16,000
Speaker 1: you know, it's interesting. I mean everybody criticized uh Donald

516
00:30:16,040 --> 00:30:18,800
Speaker 1: Trump when he was present for going after OPEC and

517
00:30:18,920 --> 00:30:22,880
Speaker 1: trying to uh do his own version of of of

518
00:30:22,880 --> 00:30:25,040
Speaker 1: of being the head of OPICK, and and it didn't

519
00:30:25,040 --> 00:30:27,160
Speaker 1: work for him. And my guess this is probably not

520
00:30:27,200 --> 00:30:29,120
Speaker 1: gonna work for this president. I mean, the one thing

521
00:30:29,160 --> 00:30:32,040
Speaker 1: you do is you attach your wagon to a bunch

522
00:30:32,080 --> 00:30:35,320
Speaker 1: of people who don't have our domestic political interests at heart, right,

523
00:30:35,360 --> 00:30:38,480
Speaker 1: I mean, like the Saudis and the Russians and folks

524
00:30:38,520 --> 00:30:40,000
Speaker 1: like that are going to act in their own self

525
00:30:40,000 --> 00:30:45,200
Speaker 1: interests economically over time. And you're you ask the right question, um, um,

526
00:30:45,240 --> 00:30:47,920
Speaker 1: what's wrong with our own domestic capability? We actually don't

527
00:30:47,920 --> 00:30:50,000
Speaker 1: buy that much from OPICK, but it does you know,

528
00:30:50,080 --> 00:30:53,840
Speaker 1: affect the price of gas. And yet um uh, you know,

529
00:30:54,040 --> 00:30:56,240
Speaker 1: are are we for fracking? Do we want to have

530
00:30:56,280 --> 00:31:00,120
Speaker 1: our own domestic oil capability. I mean, this administration is

531
00:31:00,280 --> 00:31:03,880
Speaker 1: very anti harbor hydro carbons, and so you know now

532
00:31:03,920 --> 00:31:07,360
Speaker 1: we're gonna try and rely on other people's pollution UH

533
00:31:07,400 --> 00:31:10,160
Speaker 1: in their countries producing the oil so that we don't

534
00:31:10,160 --> 00:31:13,000
Speaker 1: have to do it here. It doesn't seem like a

535
00:31:13,120 --> 00:31:16,800
Speaker 1: very symmetric argument. As we spend time with the panel

536
00:31:16,840 --> 00:31:20,760
Speaker 1: on Bloomberg sound On, thanks for joining us on Bloomberg Radio,

537
00:31:20,800 --> 00:31:22,840
Speaker 1: I want to ask you about a tough one, and

538
00:31:22,880 --> 00:31:26,720
Speaker 1: that's Afghanistan. As I read on the terminal here, Afghan

539
00:31:26,800 --> 00:31:30,440
Speaker 1: leader sees peace talks as dead braces for civil war.

540
00:31:31,240 --> 00:31:35,560
Speaker 1: Taliban capture six provincial capital, set sights on Kabbal, President

541
00:31:35,560 --> 00:31:40,240
Speaker 1: Ghani moving to armed citizens and cooperate with war lords. This,

542
00:31:40,320 --> 00:31:44,440
Speaker 1: of course, ahead of the complete withdrawal by the end

543
00:31:44,440 --> 00:31:47,040
Speaker 1: of this month of US forces. Some twenty years later.

544
00:31:47,720 --> 00:31:50,400
Speaker 1: I asked Congressman Warren Davidson, who was with us a

545
00:31:50,480 --> 00:31:52,680
Speaker 1: little bit earlier this hour, about it, and I asked

546
00:31:52,760 --> 00:31:55,360
Speaker 1: him that, as an Army veteran served in the hundred

547
00:31:55,400 --> 00:31:59,640
Speaker 1: and first Airborne and as a Republican from Ohio, supported

548
00:32:00,000 --> 00:32:03,840
Speaker 1: O Biden's decision to withdraw forces. We talked about it

549
00:32:03,880 --> 00:32:05,239
Speaker 1: with him a couple of weeks ago. I asked him

550
00:32:05,240 --> 00:32:08,080
Speaker 1: again today, separate from the conversation you heard, if he

551
00:32:08,160 --> 00:32:11,400
Speaker 1: still felt that way as all hell breaks loose in Afghanistan,

552
00:32:11,480 --> 00:32:13,880
Speaker 1: did it make a difference that we were there, Absolutely,

553
00:32:13,880 --> 00:32:17,480
Speaker 1: in the lives of of of Afghan people, it made

554
00:32:17,480 --> 00:32:21,000
Speaker 1: a big difference. And it's disappointing to see that they're

555
00:32:21,040 --> 00:32:22,720
Speaker 1: not yet. Doesn't look like they're going to be able

556
00:32:22,760 --> 00:32:26,040
Speaker 1: to unite and hold them off, you know, forever in

557
00:32:26,120 --> 00:32:28,680
Speaker 1: parts of the country, but maybe in the core they can,

558
00:32:29,080 --> 00:32:32,360
Speaker 1: and and we should certainly be willing to help them

559
00:32:32,400 --> 00:32:34,760
Speaker 1: do that. But I don't think it's our war to fight.

560
00:32:34,960 --> 00:32:38,440
Speaker 1: At some point, it has to become Afghanistan fights for Afghanistan.

561
00:32:38,600 --> 00:32:43,080
Speaker 1: Jenior Republican veteran member of Congress still supports Joe Biden's plan.

562
00:32:43,640 --> 00:32:45,360
Speaker 1: What should the White House be doing right now to

563
00:32:45,440 --> 00:32:49,360
Speaker 1: prepare for some very ugly headlines in the coming weeks. Well,

564
00:32:49,400 --> 00:32:53,000
Speaker 1: you know, I thought Joe Biden's response to reporters, I

565
00:32:53,040 --> 00:32:56,240
Speaker 1: believe it was on Tuesday when he said he was

566
00:32:56,280 --> 00:32:58,520
Speaker 1: asked about this very issue, and as you know, he said,

567
00:32:58,560 --> 00:33:01,440
Speaker 1: I don't regret my decision, Jian that they have to

568
00:33:01,480 --> 00:33:04,960
Speaker 1: come together and fight for themselves. I think they've got

569
00:33:05,000 --> 00:33:07,719
Speaker 1: to be very careful about their messaging here, and I

570
00:33:07,760 --> 00:33:10,200
Speaker 1: think they've got to be very clear on what the

571
00:33:10,280 --> 00:33:14,240
Speaker 1: United States is prepared to do. Sixty of the nation

572
00:33:14,400 --> 00:33:18,920
Speaker 1: already taken over. And as much as I understand the

573
00:33:19,000 --> 00:33:21,720
Speaker 1: view of people who say the United States should leave

574
00:33:22,000 --> 00:33:24,800
Speaker 1: and and he made the right decision, there was also

575
00:33:24,880 --> 00:33:27,680
Speaker 1: a real strong case to be made that had we

576
00:33:27,840 --> 00:33:31,520
Speaker 1: left just a few hundred troops in there, it could

577
00:33:31,520 --> 00:33:34,200
Speaker 1: have made a world of difference. And Joe Biden as

578
00:33:34,200 --> 00:33:37,040
Speaker 1: president is going to have to answer for that. There

579
00:33:37,160 --> 00:33:39,840
Speaker 1: is there a blood bath and will continue to be.

580
00:33:40,400 --> 00:33:42,719
Speaker 1: And while we want to say, you know, it's not

581
00:33:42,800 --> 00:33:44,800
Speaker 1: our war to fight and and they have to take

582
00:33:44,840 --> 00:33:48,000
Speaker 1: care of themselves, they're in this position because we went

583
00:33:48,200 --> 00:33:50,640
Speaker 1: in there, and Joe Biden is going to have to

584
00:33:50,680 --> 00:33:53,280
Speaker 1: own that. So I think his messaging the other day

585
00:33:53,320 --> 00:33:56,720
Speaker 1: struck me because it really did sound very very cold

586
00:33:56,760 --> 00:34:00,720
Speaker 1: to me when he made the case that it's their problem. Now, Rick,

587
00:34:00,760 --> 00:34:03,560
Speaker 1: you know a lot about this. Following your year's advising

588
00:34:03,640 --> 00:34:09,480
Speaker 1: Senator John McCain, the US was conducting air strikes today.

589
00:34:10,239 --> 00:34:12,400
Speaker 1: What's this gonna look like once we're gone at the

590
00:34:12,480 --> 00:34:15,640
Speaker 1: end of the month. Yeah, if it unravels. Uh, And

591
00:34:15,760 --> 00:34:19,040
Speaker 1: it seems to be unraveling right now. Um, it's going

592
00:34:19,080 --> 00:34:22,560
Speaker 1: to be a horrible legacy for the US adventurism in

593
00:34:22,600 --> 00:34:26,319
Speaker 1: the region. Right. We went there to uproot and kick

594
00:34:26,360 --> 00:34:33,200
Speaker 1: out the Alcada forces and destabilize, Uh, these these Taliban

595
00:34:33,360 --> 00:34:36,160
Speaker 1: figures who were running amuck in the country and giving

596
00:34:36,680 --> 00:34:41,120
Speaker 1: aid and comfort to our our sworn enemies. And and

597
00:34:41,280 --> 00:34:43,920
Speaker 1: it's like we've just swung open the door and invited

598
00:34:43,960 --> 00:34:46,840
Speaker 1: them back in. Uh. Now we've got our special envoy

599
00:34:47,400 --> 00:34:50,720
Speaker 1: running around trying to create a peace plan. Why wouldn't

600
00:34:50,719 --> 00:34:55,000
Speaker 1: we have had a peace plan already assigned before we left. Um,

601
00:34:55,040 --> 00:34:57,600
Speaker 1: where's our leverage now? Uh? Yeah, Now they're gonna go

602
00:34:57,680 --> 00:35:00,160
Speaker 1: to Turkey probably the Russians are gonna get involved out.

603
00:35:00,160 --> 00:35:03,520
Speaker 1: I mean, so our our strategic interests in the region

604
00:35:04,000 --> 00:35:07,600
Speaker 1: are damaged with this move. Uh. You would have thought, uh,

605
00:35:08,040 --> 00:35:13,280
Speaker 1: President Biden would have learned from Obama's mistakes in Iraq,

606
00:35:13,560 --> 00:35:17,000
Speaker 1: where we precipitously left and had to send troops back

607
00:35:17,320 --> 00:35:20,320
Speaker 1: and an increase the amount of a blood and treasure

608
00:35:20,400 --> 00:35:23,920
Speaker 1: that we spent in that country needlessly. The same people

609
00:35:23,920 --> 00:35:26,160
Speaker 1: who were warning that that was a problem are the

610
00:35:26,200 --> 00:35:28,920
Speaker 1: ones today standing up saying, you know, this is not

611
00:35:29,000 --> 00:35:32,880
Speaker 1: the way to create a legacy for our country. Uh.

612
00:35:33,040 --> 00:35:38,480
Speaker 1: People will be imprisoned, killed, and they'll that that country

613
00:35:38,480 --> 00:35:41,879
Speaker 1: will be run by a regime that doesn't have our

614
00:35:42,040 --> 00:35:46,360
Speaker 1: same uh interests in freedom and liberty uh for that country,

615
00:35:46,520 --> 00:35:49,400
Speaker 1: and and and and this administration is going to own it.

616
00:35:49,640 --> 00:35:52,640
Speaker 1: We'll be hearing continued stories of air strikes months from

617
00:35:52,640 --> 00:35:54,600
Speaker 1: now that the US had to get in there again

618
00:35:54,640 --> 00:35:57,520
Speaker 1: to protect our allies. Well, I'm not sure we can

619
00:35:57,560 --> 00:36:00,319
Speaker 1: actually protect our allies just with air strikes. May not

620
00:36:00,360 --> 00:36:02,520
Speaker 1: be able to I think it's a nice symbolic gesture,

621
00:36:02,960 --> 00:36:05,320
Speaker 1: But you'll look at what's happened just this last weekend

622
00:36:05,360 --> 00:36:11,800
Speaker 1: where the Taliban has seized a whole string of provincial capitals. Um,

623
00:36:11,920 --> 00:36:15,799
Speaker 1: and that's with air strikes. Uh. So what's the point

624
00:36:15,800 --> 00:36:19,239
Speaker 1: of that happening if we're not really willing to uh

625
00:36:19,520 --> 00:36:23,600
Speaker 1: stop the Taliban from their their continuing efforts to try

626
00:36:23,600 --> 00:36:26,080
Speaker 1: and take over the whole country. And right now, I

627
00:36:26,080 --> 00:36:29,560
Speaker 1: would say we're not making progress in that regard. Well,

628
00:36:29,600 --> 00:36:32,279
Speaker 1: even if it's military theater genie, is that what we

629
00:36:32,360 --> 00:36:35,400
Speaker 1: will expect to see. The Biden administration is promised to

630
00:36:35,480 --> 00:36:37,160
Speaker 1: keep an eye on what's going on there and when

631
00:36:37,160 --> 00:36:40,000
Speaker 1: there are flare ups, will will be there. That's what

632
00:36:40,080 --> 00:36:42,520
Speaker 1: they've said. But let me just give you one example.

633
00:36:42,760 --> 00:36:46,560
Speaker 1: We are now in August. Joe Biden has yet to

634
00:36:46,680 --> 00:36:49,919
Speaker 1: call im ron Khan, and that is something that we're

635
00:36:49,960 --> 00:36:53,320
Speaker 1: hearing over and over again. This is the neighboring country,

636
00:36:53,400 --> 00:36:56,439
Speaker 1: this is Pakistan, this is a nuclear country, and there

637
00:36:56,520 --> 00:36:59,440
Speaker 1: is yet to be a phone call. To Rick's point,

638
00:36:59,480 --> 00:37:01,920
Speaker 1: why do you get out without a piece plan in

639
00:37:02,000 --> 00:37:04,680
Speaker 1: place and then struggle and send an envoy a brand

640
00:37:04,680 --> 00:37:07,359
Speaker 1: trying to do it in the aftermath. And it's not

641
00:37:07,480 --> 00:37:09,359
Speaker 1: just Turkey they're gonna look at They're gonna look at

642
00:37:09,360 --> 00:37:12,520
Speaker 1: Saudi Arabia. But let's not forget as Janet Yellen potentially

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Speaker 1: heads over to China, China is also right there to

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Speaker 1: step in. So we have opened up a world there

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Speaker 1: and I'm surprised that this is not on the top

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Speaker 1: of the Biden administration's agenda. At the very least, a

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Speaker 1: call to him ron Khan should have taken place in

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Speaker 1: my book, and that has yet to happen. For Amid,

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Speaker 1: I'm also surprised that the lack of coverage this has

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Speaker 1: received in God Forbid, refer to the mainstream media. But

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Speaker 1: just wait for those couple of days before the end

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Speaker 1: of the month, and you'll see cameras rolling with the

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Speaker 1: convoys once again towards the border. We'll talk about that

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Speaker 1: with Genie and Rick when it happens, and we'll meet

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Speaker 1: you back here tomorrow. See it's the fastest hour in politics.

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Speaker 1: Bloomberg Sound On. I'm Joe Matthew, Thanks for being with us.

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Speaker 1: Meet you for the Thursday edition. I'm Bloomberg Radio. I'm

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Speaker 1: Joe Matthew. This is Bloomberg. H