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Speaker 1: Why from our nation's President Joe Biden's one point nine

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Speaker 1: trillion dollar pandemic relief package. We're not going to hear

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Speaker 1: anymore about Operation Warp Speed. They're gonna be calling it

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Speaker 1: the COVID response. We're talking right now about jockeying amongst Republicans.

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Speaker 1: Bloomberg Sound on the insiders, the influencers, the inside. Biding

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Speaker 1: has Thomas again and again that he will unite the country.

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Speaker 1: Who do you think Biden has to watch in terms

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Speaker 1: of moderate defectors? The House has been voting for this

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Speaker 1: stimulus package basically for months. This is Bloomberg's Sound On

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Speaker 1: with Kevin Shirley on Bloomberg Radio. Impeachment Day one, Complete analysis, reaction,

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Speaker 1: in a preview of the storm ahead. This is as

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Speaker 1: we speak, former President Donald Trump's attorney addressing the members

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Speaker 1: of the jury in the Senate. All of that, as

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Speaker 1: President Biden continues talks on economic stimulus, lots to get through.

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Speaker 1: We begin tonight with, of course, the big story are

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Speaker 1: redominating all of the conversation inside the nation's capital. That,

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Speaker 1: of course, is the historic start to former President Donald

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Speaker 1: Trump's second impeachment trial. I've got sound on this from

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Speaker 1: the leader of the Democratic House Impeachment Managers, Congressman Jamie Raskin,

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Speaker 1: a Democrat from Maryland, who opened the arguments while showing

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Speaker 1: a video montage juxtaposing President Trump at the time. President

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Speaker 1: Trump's comments outside on one end of Pennsylvania Avenue near

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Speaker 1: the National Mall, addressing his supporters in virtually real time

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Speaker 1: as he instructed them to go to Capitol Hill. And

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Speaker 1: we all know the events that followed after January six.

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Speaker 1: We begin tonight with those opening remarks and sound on

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Speaker 1: that from Congressman Raskin. Take a listen. President Trump may

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Speaker 1: not know a lot about the Framers, but they certainly

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Speaker 1: knew a lot about him. Given the Framer's intense focus

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Speaker 1: on danger to elections and the peaceful transfer of power,

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Speaker 1: it is inconceivable that they design impeachment to be a

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Speaker 1: dead letter in the president's final days in office, when

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Speaker 1: opportunities to interfere with the peaceful of transfer of power

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Speaker 1: would be most tempting and most dangerous. As we just saw,

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Speaker 1: also made comments, here's the Democrat for Minnesota and the

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Speaker 1: most to me um devastating moment of all when he

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Speaker 1: sees the violence, when he sees people being pummeled with

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Speaker 1: fire extinguishers on TV. When he hears of people being trampled,

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Speaker 1: he does nothing for hour after hour after hour. Former

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Speaker 1: President Trump's lawyers argued and are still arguing, that his

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Speaker 1: impeachment by the House was a politically motivated attempt to

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Speaker 1: remove him as a challenger to democratic power, rather than

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Speaker 1: a constitutional remedy for any wrongdoing. Again, these comments are

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Speaker 1: happening virtually as I am broadcasting, So I will read

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Speaker 1: for you what Trump's attorney, Bruce Castor said earlier today,

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Speaker 1: just within the last hour. Quote. We are really here

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Speaker 1: because the majority of the House of Representatives do not

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Speaker 1: want to face Donald Trump as a political rival. And

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Speaker 1: again it comes as he went on to tell the

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Speaker 1: senators who are the jurors in the trial, that the

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Speaker 1: House impeached him for his words and statements that are

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Speaker 1: protected by the First Amendment, and not going forward, this

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Speaker 1: would open the door to a cycle of retaliation and

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Speaker 1: serial impeachments in the future. Another one of former President

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Speaker 1: Trump's attorneys, David Schoen, said that the Democrats haven't quote

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Speaker 1: insastiable lust for impeachment end quote. I want to welcome

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Speaker 1: now to the panel, uh, Jeanie schanzen No, a Bloomberg

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Speaker 1: Politics contributor, ionn a college professor and author of American

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Speaker 1: Democracy in Crisis. And Adam Goodman, a Republican media strategy

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Speaker 1: to columnists and a partner of Ballard Partners in Washington,

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Speaker 1: d C. A genie. I literally just got back to

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Speaker 1: our bureau after spending most of the afternoon on Capitol

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Speaker 1: Hill in the Senate UH, and I was struck by

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Speaker 1: just how typical, in many ways today felt in Washington,

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Speaker 1: d C. Given you know, the significant change over the

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Speaker 1: last few weeks, but there really doesn't appear to be

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Speaker 1: any chance that there will be a conviction. It's stunning

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Speaker 1: to imagine. And this is the second time, as you mentioned,

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Speaker 1: that we've seen President Trump impeached and put on trial,

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Speaker 1: and yet once again it is a trial where we

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Speaker 1: know the outcome barring some some you know, stunning development,

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Speaker 1: which perhaps we see that with new evidence coming forward

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Speaker 1: on January six, but I'm not sure we're ever going

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Speaker 1: to see enough that they would pick off seventeen Goop

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Speaker 1: votes needed to convict. And so what that means is

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Speaker 1: we're going through a trial which the outcome is all

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Speaker 1: but predetermined. And I think that's what we're all sensing.

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Speaker 1: And I think you said it so beautifully that you know,

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Speaker 1: in some ways it's such a typical day. Because as

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Speaker 1: second time, is the fact that we know the outcome

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Speaker 1: host of questions. And I would just add one more thing.

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Speaker 1: You look at the latest polls and they show that

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Speaker 1: the American public does support conviction, and yet once again

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Speaker 1: we have a Senate that will not follow the majority

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Speaker 1: in this case likely and that is I think the

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Speaker 1: crux of the matter here. Let me get that poll

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Speaker 1: because I printed it out before the CBS. Well, here

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Speaker 1: it is fifty six of Americans, to your point, support conviction.

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Speaker 1: Adam Goodman. Uh. Now, obviously the majority of Republicans do

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Speaker 1: not support that conviction, but still more than half the

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Speaker 1: country supporting a conviction. You and I talked earlier today offline,

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Speaker 1: uh in in prep for tonight's show. Adam, and I

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Speaker 1: gotta be candid here, uh walk us through because I

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Speaker 1: think you did a really good job of this. Walk

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Speaker 1: us through the dynamics and the different contingencies of the

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Speaker 1: Republican Party, right now and how those Republican senators are

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Speaker 1: being advised. Well, let me build first on what Jeanie

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Speaker 1: does said. When the verdict is certain, the motives are suspect,

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Speaker 1: the d the verdics already in uh he will not

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Speaker 1: be uh judge guilty by the US Senate is going

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Speaker 1: to go along real roughly partisan lines. So that's all done.

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Speaker 1: Doesn't excuse by the way, they'll horror what happened in

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Speaker 1: the US Capital. But what we're seeing here play out

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Speaker 1: is the Democrats trying to put Republicans on record to

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Speaker 1: score political points, uh on record basically, as you might say,

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Speaker 1: unindicted co conspirators to the incitement to riot at the

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Speaker 1: US cap. That's really kind of what this is about.

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Speaker 1: And look out in terms of the polls, you just

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Speaker 1: brought the poles into play and one other thing all

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Speaker 1: over the place. You opened this whole segment by saying,

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Speaker 1: how now Donald's okay, that's what Christine Barratto tells me

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Speaker 1: after every show go Ahead had to jump in there.

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Speaker 1: You and Jennie just got me all riled up. You

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Speaker 1: started off by saying that Donald Trump basically is dominating

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Speaker 1: the conversations. The worst thing that could happen to president

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Speaker 1: by as you're trying to roll out all these initiatives

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Speaker 1: is kind of pivotal to a new presidency. Is exactly

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Speaker 1: the wrong thing for Democrats and want to wish for

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Speaker 1: and trying to score a political point. But when you

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Speaker 1: talked about the polls, and I'll leave with that, Um,

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Speaker 1: you talked about the poll showing one in conviction. If

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Speaker 1: you look at the ABC poll, the one that came

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Speaker 1: was reported by Fox, uh, the IPSOS poll, the Quinnipiac poll,

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Speaker 1: they're all basically saying of America is saying yes, we

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Speaker 1: think there should be a conviction. But that also means

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Speaker 1: that close to are saying no. It's the very thing

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Speaker 1: that continues to divide us at a time when we're

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Speaker 1: fighting COVID, and much of this in terms of playing

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Speaker 1: for our lives against COVID. So let me go rapid fire.

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Speaker 1: Let me go rapid fire here without him, because I mean,

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Speaker 1: and I said this to Tom Keene earlier this morning

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Speaker 1: on on Bloomberg Surveillance, and yeah, I don't think if

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Speaker 1: you're not in uh, if you're in the opposing party, uh.

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Speaker 1: And and you are not looking at it from a

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Speaker 1: political strategicy for lack of a better word, perspective, it

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Speaker 1: might be difficult to understand, but for many of these

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Speaker 1: Republican senators who represent deeply conservative states in which, as

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Speaker 1: you've alluded to, former President Trump remains popular, especially amongst conservatives,

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Speaker 1: and this is a tough vote, and and so for

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Speaker 1: as a purely political matter, there have been others who

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Speaker 1: have tried, like Senator Pat to me, to argue that

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Speaker 1: while they believe former President Trump did play a role

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Speaker 1: in on January six, that he cannot be convicted because

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Speaker 1: he is no longer in office, and so it would

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Speaker 1: be a moot point to try to remove someone who

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Speaker 1: is no longer in office. Does the latter argument work

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Speaker 1: for people jockeying to say, I thought he had a role,

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Speaker 1: but I thought it was a waste of time? Is

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Speaker 1: that a real camp, for lack of a better word,

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Speaker 1: for people to fall into. Adam Goodman, a Republican media strategist,

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Speaker 1: short answer, yes, As they say, it's a process question,

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Speaker 1: is it is it legitimate to take on and impeach

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Speaker 1: uh and convict rather a person who's already out of office.

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Speaker 1: That's actually a viable point for a discussion that in

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Speaker 1: and of itself, and he's already out of office. And

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Speaker 1: is it that we want politicians to make the call

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Speaker 1: on who can run and who can't run, you know,

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Speaker 1: sometime in the future, or is it it is not

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Speaker 1: to preserve the American people. I think this thing is

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Speaker 1: going to go away. Frankly, I think Americans are tired.

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Speaker 1: We had six seventy four days of a Mueller investigation,

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Speaker 1: We've had over a month of this. We kind of

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Speaker 1: want to get onto the business of America. I don't

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Speaker 1: think this is gonna have long range uh implications for

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Speaker 1: Republicans other than those who vote UH not to convict.

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Speaker 1: They're going to say this is the wrong idea to

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Speaker 1: take on the idea, this concept of impeachment this way,

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Speaker 1: because if you do, I guarantee you, every president, including

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Speaker 1: the current president uh ocumment of the White House is

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Speaker 1: gonna be brought to on the carpet, and they'll be

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Speaker 1: calls for impeachment on things that people disagree with, as

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Speaker 1: opposed to high crimes and misdemeanors. We've got some breaking

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Speaker 1: sound on developments from Bruce Store, who, of course is

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Speaker 1: President Trump's defense attorney, and he has denounced the violence,

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Speaker 1: but he has his opening arguments against impeachment. Take a lesson.

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Speaker 1: You will not hear any member of the team representing

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Speaker 1: former President Trump say anything but in the strongest possible

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Speaker 1: way denounce the violence of the rioters and those that

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Speaker 1: breached the capital, the very citadel of our democracy. This

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Speaker 1: is the argument that Bruce Kestorre made with regards to

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Speaker 1: why he feels the impeachment trial is happening. Sound on

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Speaker 1: that now. We are really here because the majority in

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Speaker 1: the House of Representatives does not want to face Donald

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Speaker 1: Trump as a political rival in the future. That's the

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Speaker 1: real reason we're here. Coming up, we talked about all

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Speaker 1: of the jockeying that this has done for the fiscal

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Speaker 1: stimulus talks, and I will head to Capitol Hill for

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Speaker 1: an interview with one Republican lawmaker from Kentuck House Member.

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Speaker 1: I'm Kevin Curreli. This is Bloomberg. You're listening to Bloomberg

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Speaker 1: Sound On with Kevin Sire on Bloomberg Radio. My name

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Speaker 1: is Kevin Currelli. I'm the chief Washington correspondent for Bloomberg

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Speaker 1: Television and for Bloomberg Radio. I was checking in with

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Speaker 1: Mr Keane before coming on air, while I was wolfing

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Speaker 1: down my very healthy lunch of chicken and cheese nachos

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Speaker 1: across the street from our bureau we have indoor dining

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Speaker 1: again in Washington, d C. After covering me a peachment proceeding,

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Speaker 1: and I told him I bumped into Senator Richard Shelby,

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Speaker 1: the Republican from Alabama, eighty six years old, who has

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Speaker 1: recently announced that he's retiring, retiring. So I'm up on

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Speaker 1: I'm up in the I don't know if you from

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Speaker 1: if you're familiar with the Dirks And building where all

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Speaker 1: of the TV correspondence to our our live shots as

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Speaker 1: they're called, and the Russell Rotunda, the Rotunda Um, it's

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Speaker 1: where Senator Shelby's office is near. So I bumped into him.

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Speaker 1: I said, Senator Shelby, and he always gives me a

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Speaker 1: hard time because he always says that I'm always running

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Speaker 1: after lawmakers trying to get a quote. But he's the

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Speaker 1: fourth I said, you're too young to retire. He's the

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Speaker 1: fourth Senate Republican. This is what I was telling on

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Speaker 1: top the fourth Senate Republican to announce in the last

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Speaker 1: couple of weeks that they will not be seeking re election.

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Speaker 1: He said, Kevin, I've been in office for more than

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Speaker 1: four decades. The other three are Senator Rob Portman forty

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Speaker 1: years he's been in office. Senator Rob Portman of Ohio,

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Speaker 1: Pat too Me of Pennsylvania, and Richard Burr of North Carolina.

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Speaker 1: And Jeanie Shnzano is with me, as is Adam Goodman,

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Speaker 1: a Republican media strategist. Why aren't they running again? Adam Goodman?

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Speaker 1: What what do you know that we don't? I think

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Speaker 1: they some of them have just had enough. You know.

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Speaker 1: It's it's gotten very difficult. What the media just kidding?

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Speaker 1: It's it's difficult. I think it's just gotten difficult. It's interesting,

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Speaker 1: Richard Shelby, it's interesting you that you talked to an

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Speaker 1: amazingly interesting guy. He used to be, of course, at Democrat,

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Speaker 1: he became a Republican. He is one of those people

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Speaker 1: that's kind of in the center. And I was hoping

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Speaker 1: that actually would run because I think we need more

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Speaker 1: of a a coalition in the center, a coalition of

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Speaker 1: the willing, so to speak, on the left and right

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Speaker 1: side of the line to get things done. But I

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Speaker 1: think it's just it's a loss of joy a public

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Speaker 1: service for a lot of people were getting hammered, you know,

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Speaker 1: on a daily or hourly basis, without the great rewards

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Speaker 1: that used to be there. I think have made the

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Speaker 1: job and the interest in the job where its in.

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Speaker 1: You know, breaking news headline crossing the Bloomberg terminal that

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Speaker 1: the Senate has just voted, as was expected, that the

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Speaker 1: holding the Senate trial for the impeachment is constitutional. Six

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Speaker 1: Republicans voted with Democrats, arguing that it is constitutional to

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Speaker 1: have this UH to have this UH trial. Senators Sas Romney, Collins, Murkowski, Cassidy,

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Speaker 1: and yes, Pat Toomey one of six senators to join

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Speaker 1: Democrats to say that it is constitutional to have this trial.

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Speaker 1: Your reaction, Genie, After all of these hours that I'm

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Speaker 1: sure we all spent listening to these arguments today, we

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Speaker 1: saw just one person switch I believe in that is

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Speaker 1: Bill Cassidy. Everybody else had held the position before. So again,

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Speaker 1: what we talked about earlier is that this is very,

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Speaker 1: very unlikely to change hearts and minds. Um. I also

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Speaker 1: just want to go back to what you and Adam

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Speaker 1: were just talking about. I love when Adam gets all

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Speaker 1: fired up like this, it's right in um you know

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Speaker 1: another reason, I mean, look at who is getting attention

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Speaker 1: in the House and the Senate these days. And you know,

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Speaker 1: you were sort of joking about the media. But and

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Speaker 1: I'm my all my lovely friends in the media, not

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Speaker 1: blaming the media at all, but look at it's the

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Speaker 1: Ted Cruises, it's the Marjorie Taylor greens, that's the Alexandrocasio

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Speaker 1: Cortez is. It's on both sides. But it is a

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Speaker 1: system that now you know, I don't a culture which

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Speaker 1: celebrates people who say the most outrageous and outlandish things.

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Speaker 1: So I think it's not shocking that maybe I shouldn't

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Speaker 1: say this. And I'm thinking of you know, chicken back

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Speaker 1: in Delco, my mom saying think before you speak. But

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Speaker 1: I would say, maybe there are some in the media

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Speaker 1: who get a lot of attention for saying things that,

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Speaker 1: you know a generation ago would never be said in

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Speaker 1: the media. But what do I know, switching gears on

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Speaker 1: the fiscal stimulus talks while this was kick starting in

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Speaker 1: the Senate, And and if you've never been in Washington,

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Speaker 1: there's a ton of it's almost like a sports bar

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Speaker 1: with a number of television screens folks that are all

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Speaker 1: throughout plastered throughout the the Senate. I could hear out

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Speaker 1: I'm laughing. But this analogy works. And they all have

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Speaker 1: the news channels on the and and C SPAN and

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Speaker 1: and whatnot, so people can follow the staffers can follow

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Speaker 1: what's going on on the floor. When the when the

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Speaker 1: Democrats played, uh, they're opening arguments, and they had that montage.

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Speaker 1: I have to be honest, where I was located in

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Speaker 1: one of the briefing rooms, Uh, to to do? I

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Speaker 1: had to drop off something, but you could have heard

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Speaker 1: a pin drop. I mean, it was really really a weird,

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Speaker 1: surreal moment to be at the location where a trial

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Speaker 1: is occurring, literally at the scene of the incident. And

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Speaker 1: that it was a memorable moment one for the journals. Uh,

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Speaker 1: that that is for sure. But as that is going on,

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Speaker 1: President Joe Biden, and this is where we're gonna take

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Speaker 1: the conversation coming up with the panel. President Joe Biden

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Speaker 1: was meeting with business leaders and we've got sounds on

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Speaker 1: this and I'll play it for you. Of right now,

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Speaker 1: here's President Biden talking about the need for economic stimulus.

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Speaker 1: We've already lost over four thousand people. We're gonna lose

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Speaker 1: a whole lot more if you don't act and act

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Speaker 1: decisively and quickly. A lot of people, as I said,

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Speaker 1: are going and a lot of children are going a

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Speaker 1: bit hungry. A lot of families are child and secure.

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Speaker 1: They're in trouble. That's my job. The Senate has their job.

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Speaker 1: Panel stays, and fiscal stimulus is where we're gonna take

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Speaker 1: this conversation coming up next. You can download the Bloomberg

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Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com,

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Speaker 1: or by downloading the Bloomberg Business app. My name is

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Speaker 1: Kevin Cirellian, the chief Washington correspondent f for Bloomberg Television

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Speaker 1: and for Bloomberg Radio. This is Bloomberg. This is Bloomberg

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Speaker 1: Sound On with Kevin Surrel on Bloomberg Radio. I'm Kevin Curreli,

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Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio.

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Speaker 1: Genie Chazano is with me Bloomberg Politics contributor as well

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Speaker 1: as the author of the new book American Democracy and Crisis.

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Speaker 1: She is also an Iona College professor. Genie, just because

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Speaker 1: I cannot tell a lie, I have not yet caught

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Speaker 1: into your book. While I was on vacation and you

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Speaker 1: did an amazing job, and thank you so much you

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Speaker 1: and Rick Davis for for filling in for me. Very grateful.

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Speaker 1: But I did finish Matthew McConaughey's book Green Lights, but

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Speaker 1: yours is next on the list, Genie, and I promise

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Speaker 1: we'll talk about it. But I feel like I let

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Speaker 1: you down our a little sound on book club. You

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Speaker 1: cannot be reading that book on vacation. You should have been.

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Speaker 1: I slept. I feel like I woke up from I

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Speaker 1: feel like I woke up from a from a sleep coma.

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Speaker 1: I literally don't. Goodman was like, what what have you

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Speaker 1: been up to? I said, Adam Goodman, who's with me?

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Speaker 1: He's a Republican me, a strategist, columnists and a partner

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Speaker 1: of Ballard Partners in Washington. I said, I slept for

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Speaker 1: like five days straight. Literally, that was the best vacation

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Speaker 1: I could have had, and I'm very grateful for it,

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Speaker 1: very very grateful to be able to have taken that time.

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Speaker 1: Uh Okay, So let's talk stimulus, because I was playing

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Speaker 1: for for folks earlier about what President Biden had to

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Speaker 1: say with regards to the need for economic stimulus. Adam

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Speaker 1: I want to start with you just because I think

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Speaker 1: the Republicans are the ones in question here in terms

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Speaker 1: of the party dynamics, because I talked to a lot

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Speaker 1: of folks, you know who I talked to, and they

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Speaker 1: say to me they are very uneasy about spending one

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Speaker 1: point nine trillion dollars. They're looking at the past as

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Speaker 1: a guide and a compass for the future, and they're

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Speaker 1: saying that the two thousand and eight collapse gave rise

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Speaker 1: to the Tea Party. But I this has been my

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Speaker 1: question of the week of my Reporter's Notebook guestterday and

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Speaker 1: today on the stimulus. Is it a safe argument to

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Speaker 1: to to draw a parallel, a political parallel from post

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Speaker 1: two thousand and eight. There are two very different crises.

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Speaker 1: They're very different because one is economic threatening and the

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Speaker 1: other is literally life threatening. But let's talk about stimulus.

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Speaker 1: The word stimulus, right, it implies something that's supposed to

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Speaker 1: initiate or spark something, not something that's that's designed to

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Speaker 1: solve something. And part of what the Democratic Package UH

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Speaker 1: is all about is transformational policy change. UH, like the

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Speaker 1: fifteen dollar minimum wage, which is not what small businesses

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Speaker 1: are asking for. In fact, it's the last thing they

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Speaker 1: want to see right now, and it's not really justified

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Speaker 1: by the idea of a stimulus a shot in the arm.

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Speaker 1: That's something you want to debate downstream. But there is

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Speaker 1: actual there's there's almost an agreement. There's kind of some

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Speaker 1: common ground here, which you know, the parties and the

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Speaker 1: partisan rancor tend to kind of obliterate. Um. Both sides

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Speaker 1: want to give a relief. The Republicans are talking a

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Speaker 1: thousand dollars with a higher qualifier, the Democrats fours at

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Speaker 1: the lower qualifier. They all want unemployment benefits extended. They

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Speaker 1: all want more money put into the vaccine distribution and

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Speaker 1: testing the pps. Uh, they all get that. But what no,

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Speaker 1: just not yes, I wants to do and I actually,

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Speaker 1: you know, I can't help myself, Kevin from writing columns. Right,

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Speaker 1: I've got it politics, right. I just wrote, you know,

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Speaker 1: actually two columns about compromise. If President Biden did something unthinkable,

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Speaker 1: which is he reached across the aisle and found common

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Speaker 1: ground and developed a stimulus package that both sides that

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Speaker 1: has something to cheer about, that would do more for bipartisanship,

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Speaker 1: more from moving the needle, and as we and as

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Speaker 1: as people that are. You know, students of history would

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Speaker 1: confirm the greatest things that have happened in America have

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Speaker 1: happened from compromise, The Great Compromise Roger Sherman, the Civil

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Speaker 1: Rights Actic, six before the NATO, and the Marshall Plan,

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Speaker 1: saving so Security, Medicare, Man on the Moon. All these

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Speaker 1: things happened because there was a sense and there was

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Speaker 1: an act of compromising that I'm an optimist. I'm gonna

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Speaker 1: turnal optimists. Some people call it naive. I call it optimistic,

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Speaker 1: but I you know, I uh, but see your point.

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Speaker 1: I mean, but but where I would politely push back

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Speaker 1: here and what I said to it to a conservative

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Speaker 1: source earlier was the difference between two thousand and eight

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Speaker 1: and one is the B word, and that is bailouts.

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Speaker 1: The polls suggest that even Republicans are in favor of

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Speaker 1: voters are in favor of of more economic stimulus. And

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Speaker 1: this is not being interpreted Jennie Shazo as a bailout.

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Speaker 1: And as a result of that, that's why we haven't

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Speaker 1: seen the the reverberations yet. And I do use the

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Speaker 1: word yet of the deficit, because no one is interpreting

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Speaker 1: what President Biden did today and meeting with uh C

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Speaker 1: e O s As saying that this is a bailout

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Speaker 1: for industry and that may happen, although we haven't to

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Speaker 1: your point, seeing it yet. And and the question that

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Speaker 1: I keep asking and we still can't get an answer

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Speaker 1: to is number one to adams earlier point, why do

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Speaker 1: Why are the Democrats pushing for this to be so

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Speaker 1: much bigger than addressing the pandemic and that emergency? Why

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Speaker 1: adding the extras? Well, we know why, but setting that aside,

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Speaker 1: if you're going to do that and you're at one

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Speaker 1: point nine trillion, where is the money coming from from

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Speaker 1: for the rest of the things that they said they

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Speaker 1: were going to do infrastructure for example? You know, all

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Speaker 1: of the commitments that have been made either you're going

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Speaker 1: to raise taxes or you're going to cut spec think

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Speaker 1: you can't do everything. And I think that's the question

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Speaker 1: that's frustrating for me, not you know, from all across

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Speaker 1: from Republicans to Democrats, is there's got to be some

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Speaker 1: responsibility in this process. And that's what I think is lacking.

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Speaker 1: And by the way, the last bill that went out

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Speaker 1: hasn't even all been been accounted for yet. That's okay,

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Speaker 1: but these are questions that we deserve answers to that

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Speaker 1: we simply haven't gotten yet. You know, let's dive into

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Speaker 1: the Bloomberg terminal here, and just to update my stuf

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Speaker 1: to update all of us on some developments on the

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Speaker 1: Bloomberg terminal. Red headline crossing a force to be reckoned

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Speaker 1: with in these stimulus talks. The US Chamber of Commerce

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Speaker 1: has named Suzanne Clark as CEO. Again a red headline

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Speaker 1: crossing the Bloomberg terminal. Now, just within the last couple

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Speaker 1: of the US Chamber of Commerce has named Suzanne Clark

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Speaker 1: as CEO. UH. And and no doubt here's someone who

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Speaker 1: has deep, deep relationships by parties and relationships all throughout

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Speaker 1: Capitol Hill and will be instrumental in rebuilding them. Anyways,

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Speaker 1: the Chamber UH into the Biden era and into the

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Speaker 1: stimulus era. So you know right away the Chamber will

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Speaker 1: be UH in uh all of those conversations. But keeping

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Speaker 1: with some of the developments on the stimulus front, just

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Speaker 1: within the last a couple of hours, President Biden has

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Speaker 1: backed House Democrats proposal for quicker phase outs of the

429
00:26:24,480 --> 00:26:28,399
Speaker 1: planned four hundred dollars stimulus checks. The House and the

430
00:26:28,440 --> 00:26:33,080
Speaker 1: Senate Democrats are clashing on the design of expanded support

431
00:26:33,200 --> 00:26:36,199
Speaker 1: for the unemployed, and this is an early sign of

432
00:26:36,240 --> 00:26:39,359
Speaker 1: the intra party squabbling in the one point nine trillion

433
00:26:39,400 --> 00:26:42,919
Speaker 1: dollar pandemic Relie bills. So we've talked about the discrepancies

434
00:26:43,200 --> 00:26:46,160
Speaker 1: amongst Republicans, but Genie, I mean you and I have

435
00:26:46,200 --> 00:26:48,760
Speaker 1: talked about this online off line. I mean, the Democrats

436
00:26:48,800 --> 00:26:52,520
Speaker 1: are not necessarily united here and I I am telling

437
00:26:52,560 --> 00:26:55,520
Speaker 1: you this. I've said it over the past week. I

438
00:26:55,720 --> 00:26:58,640
Speaker 1: talked to progressives who are saying, all right, we'll get

439
00:26:58,640 --> 00:27:01,920
Speaker 1: on board with this four or now, and the ellipsis

440
00:27:02,400 --> 00:27:07,040
Speaker 1: is implied, Genie. How much longer are the Democrats going

441
00:27:07,080 --> 00:27:11,119
Speaker 1: to be unified? Is this President Biden's one stop shop

442
00:27:11,200 --> 00:27:15,280
Speaker 1: to get a major domestic policy issue through. This is

443
00:27:15,400 --> 00:27:17,880
Speaker 1: his one stop shop, I believe. And if he does

444
00:27:17,960 --> 00:27:21,280
Speaker 1: indeed reach across the aisle, and he very well may.

445
00:27:21,480 --> 00:27:24,359
Speaker 1: I'm not sure he will, but he could. If he does,

446
00:27:24,480 --> 00:27:27,480
Speaker 1: then he is going to disappoint some of the people

447
00:27:27,560 --> 00:27:31,120
Speaker 1: in the Democratic Party in doing so. And that has

448
00:27:31,160 --> 00:27:34,080
Speaker 1: been the history in American politics. We like to talk

449
00:27:34,119 --> 00:27:37,280
Speaker 1: about it, as you know, bipartisanship. And Adam was just

450
00:27:37,359 --> 00:27:41,280
Speaker 1: using the word compromise. The history has really been when

451
00:27:41,320 --> 00:27:45,080
Speaker 1: you reach across that aisle and extend your hand, you

452
00:27:45,119 --> 00:27:48,240
Speaker 1: are losing the flink behind you, at least a portion

453
00:27:48,320 --> 00:27:50,680
Speaker 1: of it. And you've got to be willing to do

454
00:27:50,720 --> 00:27:54,080
Speaker 1: that to make that move. Very hard to hold a

455
00:27:54,080 --> 00:27:57,159
Speaker 1: coalition like this together. And so I'm not sure we're

456
00:27:57,200 --> 00:27:59,679
Speaker 1: going to see Joe Biden do that. But if he

457
00:27:59,800 --> 00:28:02,639
Speaker 1: does does he runs the risk of losing some of

458
00:28:02,640 --> 00:28:06,600
Speaker 1: those more progressive liberal Democrats who don't want to put

459
00:28:06,640 --> 00:28:10,119
Speaker 1: aside for now things like the minimum wage, you know,

460
00:28:10,680 --> 00:28:14,760
Speaker 1: and Adam and Jeannie. I spoke with a source close

461
00:28:14,840 --> 00:28:19,320
Speaker 1: to Senator Joe Mansion today, a Democrat from West Virginia state.

462
00:28:19,359 --> 00:28:23,920
Speaker 1: Mind you, that former President Trump carried by what twenty

463
00:28:23,920 --> 00:28:29,480
Speaker 1: plus percentage points at least Senator Mansion, the centrist Democrat,

464
00:28:29,760 --> 00:28:33,680
Speaker 1: that he needs. President Biden needs especially to to keep

465
00:28:34,080 --> 00:28:37,320
Speaker 1: you know, a majority of all the Democrats in UH

466
00:28:37,359 --> 00:28:39,720
Speaker 1: in line on on a host of issues. We're talking

467
00:28:39,720 --> 00:28:42,440
Speaker 1: about stimulus now, but on any issue, on a divisive,

468
00:28:42,640 --> 00:28:47,440
Speaker 1: polarizing issue, he's gonna need Senator Mansion. Senator Mansion UH

469
00:28:47,680 --> 00:28:53,560
Speaker 1: is the chairman of the Senate Energy Committee, and he

470
00:28:53,720 --> 00:28:58,000
Speaker 1: on Tuesday wrote a letter to President Biden urging him

471
00:28:58,280 --> 00:29:02,640
Speaker 1: to reconsider his executive to order revoking a presidential permit

472
00:29:02,920 --> 00:29:06,800
Speaker 1: for the long delayed key Stone XL oil pipeline. He

473
00:29:06,880 --> 00:29:09,360
Speaker 1: has sided with Republican critics who say the Biden's actions

474
00:29:09,360 --> 00:29:12,000
Speaker 1: will cost thousands of high paying jobs. And reading from

475
00:29:12,000 --> 00:29:16,760
Speaker 1: the Associated Press, you know, I mean, Adam, I know,

476
00:29:16,800 --> 00:29:20,240
Speaker 1: I you hear that. I mean, Senator Mansion is saying

477
00:29:20,240 --> 00:29:24,959
Speaker 1: he's a centrist. There's no there's no question he is,

478
00:29:25,080 --> 00:29:28,280
Speaker 1: has been, will continue to be. Which Actually, you know,

479
00:29:28,840 --> 00:29:31,880
Speaker 1: I hope we're all rooting for that more people that

480
00:29:32,280 --> 00:29:36,240
Speaker 1: Joe Manchin step up and decide they're gonna rally not

481
00:29:36,360 --> 00:29:40,440
Speaker 1: behind Democrats or Republican ideas, but American ones. By the way,

482
00:29:40,440 --> 00:29:43,280
Speaker 1: I want to I want to say about Jeanie's book,

483
00:29:43,600 --> 00:29:45,960
Speaker 1: I would have put her book over McConaughey's any day

484
00:29:45,960 --> 00:29:51,880
Speaker 1: of the week. Thank you, Adam. Oh my gosh. Sitting

485
00:29:51,920 --> 00:29:54,400
Speaker 1: back and listening to I feel like I'm back in

486
00:29:54,520 --> 00:29:57,600
Speaker 1: Delco where I'm just getting hit host the party and

487
00:29:57,680 --> 00:29:59,880
Speaker 1: what do they do at the table. They just say, oh, yeah,

488
00:30:00,040 --> 00:30:02,720
Speaker 1: we don't care if that ke We're just we're just

489
00:30:02,800 --> 00:30:06,920
Speaker 1: gonna go all in. But I But here's the interesting thing,

490
00:30:07,200 --> 00:30:09,560
Speaker 1: Kevin and all this. You have Joe Mansion in the

491
00:30:09,600 --> 00:30:13,320
Speaker 1: center right, and he's going to bring it back to policy. Goodman, Okay,

492
00:30:13,320 --> 00:30:14,840
Speaker 1: I've just started trying to trying to rescue you. Take

493
00:30:14,920 --> 00:30:18,640
Speaker 1: you back to the front. He's he's you know, he's

494
00:30:18,680 --> 00:30:20,800
Speaker 1: trying to chart that pack. At the same time you

495
00:30:20,840 --> 00:30:23,920
Speaker 1: have Chuck Schumer. And Chuck Schumer has two things going on.

496
00:30:23,920 --> 00:30:27,440
Speaker 1: One is a personal one's theological. The personal is he

497
00:30:27,720 --> 00:30:30,600
Speaker 1: really has it out for Mitch McConnell um. But the

498
00:30:30,680 --> 00:30:34,479
Speaker 1: ideological is that he's got on over his left flank,

499
00:30:35,360 --> 00:30:38,320
Speaker 1: a Kazio Cortes, who's done everything but to Claire. She's

500
00:30:38,320 --> 00:30:41,000
Speaker 1: gonna take him on in the primary for his seat

501
00:30:41,200 --> 00:30:44,440
Speaker 1: in two thousand twenty two. So did Genie's points about

502
00:30:44,480 --> 00:30:47,160
Speaker 1: how as much as you want to reach across the aisle,

503
00:30:47,200 --> 00:30:49,520
Speaker 1: you have to watch over your in this case, over

504
00:30:49,520 --> 00:30:54,440
Speaker 1: your left shoulder. He's watching seven Chuck Schumer that is

505
00:30:54,520 --> 00:30:57,880
Speaker 1: over his left shoulder at Okazio Cortes and the Progresses

506
00:30:58,160 --> 00:31:02,400
Speaker 1: who he doesn't go fast enough and far enough for them,

507
00:31:02,680 --> 00:31:04,960
Speaker 1: are going to give him Holy hell. And that's where

508
00:31:05,000 --> 00:31:08,520
Speaker 1: this stimulus package maybe the beginning and end of Joe

509
00:31:08,520 --> 00:31:11,600
Speaker 1: Biden's Greatest Act in year one, because I think things

510
00:31:11,680 --> 00:31:15,880
Speaker 1: may move well beyond that as the internal fishers start

511
00:31:15,920 --> 00:31:17,920
Speaker 1: to present themselves. And I got to be honest, I

512
00:31:17,960 --> 00:31:22,280
Speaker 1: think that the Senator Joe mentions of the world, it's

513
00:31:22,400 --> 00:31:25,840
Speaker 1: it's going to be really fascinating to see just what

514
00:31:25,880 --> 00:31:29,040
Speaker 1: they do. Because that letter to the President Biden on

515
00:31:29,120 --> 00:31:34,600
Speaker 1: the energy policy clearly clearly a signal of sorts to

516
00:31:34,640 --> 00:31:38,680
Speaker 1: say that he is definitely not going to be uh

517
00:31:39,240 --> 00:31:43,360
Speaker 1: in lockstep with the Democrats on on all fronts. I'm

518
00:31:43,400 --> 00:31:50,040
Speaker 1: told by our indefatigable production uh producers that we actually

519
00:31:50,040 --> 00:31:51,800
Speaker 1: have our next guest on the line. So I want

520
00:31:51,840 --> 00:31:57,760
Speaker 1: to go go to him uh right now, and I'm

521
00:31:57,800 --> 00:32:02,000
Speaker 1: told that we don't. We do not have our guest yet, Genie.

522
00:32:02,040 --> 00:32:04,520
Speaker 1: But I mean, you hear that with regards to to

523
00:32:04,680 --> 00:32:08,640
Speaker 1: what Adam was just discussing about the need for for

524
00:32:08,680 --> 00:32:11,400
Speaker 1: some of these centrists and someone like a Senator Mansion

525
00:32:11,880 --> 00:32:16,960
Speaker 1: to to be able to to contrast themselves with President Biden.

526
00:32:17,160 --> 00:32:19,600
Speaker 1: And and it's just really remarkable. And keep this quick

527
00:32:19,640 --> 00:32:23,479
Speaker 1: form of Genie absolutely it is it is Joe Mansion, Senate.

528
00:32:23,720 --> 00:32:25,520
Speaker 1: He is the center of the Senate right now. And

529
00:32:25,560 --> 00:32:27,600
Speaker 1: I know you have a guest online, but but you

530
00:32:27,640 --> 00:32:30,600
Speaker 1: know that's very important point. Yeah, and it really is.

531
00:32:30,600 --> 00:32:32,720
Speaker 1: All right, So now let's go to Congressman James Comer,

532
00:32:32,760 --> 00:32:36,600
Speaker 1: who was a Republican representing Kentucky's first congressional district. Congressman,

533
00:32:36,600 --> 00:32:38,120
Speaker 1: thank you so much for joining us. You are the

534
00:32:38,200 --> 00:32:41,920
Speaker 1: ranking member of the Committee on Oversight and Reform in

535
00:32:41,960 --> 00:32:45,240
Speaker 1: the House of Representatives. Uh. And you know, let's start

536
00:32:45,280 --> 00:32:47,840
Speaker 1: with the impeachment. I mean, what you know. I know

537
00:32:48,240 --> 00:32:50,280
Speaker 1: it's what's been going on in the in the Senate,

538
00:32:51,080 --> 00:32:54,200
Speaker 1: but you know your your position, sir, on on the

539
00:32:54,200 --> 00:32:59,480
Speaker 1: impeachment proceedings. Well, I've said from day one that I

540
00:32:59,520 --> 00:33:04,960
Speaker 1: thought this was useless. I think it's a political stunt

541
00:33:05,080 --> 00:33:10,760
Speaker 1: by the Democrats. Uh. I don't think you can constitutionally

542
00:33:10,960 --> 00:33:14,840
Speaker 1: impeach someone once they're out of office. But having said that,

543
00:33:15,360 --> 00:33:22,880
Speaker 1: I thought the hearing today probably went about like most

544
00:33:22,920 --> 00:33:26,480
Speaker 1: people would have expected that, whether they were Democrats or Republican.

545
00:33:26,560 --> 00:33:29,360
Speaker 1: I think everyone knew the Republicans were gonna argue it

546
00:33:29,400 --> 00:33:33,240
Speaker 1: wasn't constitutional or not. The Republicans, but the Trump legal

547
00:33:33,280 --> 00:33:35,680
Speaker 1: team was gonna argue it wasn't constitutional, and the Democrats

548
00:33:35,760 --> 00:33:40,280
Speaker 1: were gonna show clips from the from January six. Do

549
00:33:40,360 --> 00:33:43,560
Speaker 1: you think the President Trump deserves any blame for what

550
00:33:43,600 --> 00:33:49,960
Speaker 1: happened on January six? I think it's very difficult to

551
00:33:50,000 --> 00:33:54,760
Speaker 1: say for sure. I don't believe that President Trump intended

552
00:33:54,920 --> 00:34:00,440
Speaker 1: on anyone going into the capital. I don't think President

553
00:34:00,440 --> 00:34:09,080
Speaker 1: Trump intended on anyone in inflicting pain on the police

554
00:34:09,239 --> 00:34:13,160
Speaker 1: or confronting the police. I think that what President Trump

555
00:34:13,680 --> 00:34:17,480
Speaker 1: envisioned was people going there at a normal political rally

556
00:34:17,600 --> 00:34:20,799
Speaker 1: and holding up their signs and waving their flags and

557
00:34:21,440 --> 00:34:26,640
Speaker 1: uh yelling and doing what we've seen from both parties

558
00:34:26,680 --> 00:34:29,760
Speaker 1: over my entire lifetime at a political rally. I really,

559
00:34:29,880 --> 00:34:32,879
Speaker 1: sincerely do not believe that he intended it to get

560
00:34:32,920 --> 00:34:34,680
Speaker 1: out of hand like that. Do you think that he

561
00:34:34,719 --> 00:34:40,799
Speaker 1: deserves any blame or culpability for insinuating widespread, alleging rather

562
00:34:40,960 --> 00:34:44,879
Speaker 1: widespread election fraud that is unfounded? Well, I've said from

563
00:34:44,960 --> 00:34:48,960
Speaker 1: day one that I was concerned about election irregularities. I

564
00:34:49,000 --> 00:34:53,000
Speaker 1: felt like when the states changed their absentee voting rules

565
00:34:53,560 --> 00:34:56,000
Speaker 1: that we were going to have a lot of issues.

566
00:34:56,040 --> 00:35:00,279
Speaker 1: But now having said that, I wish President Trump ump

567
00:35:00,760 --> 00:35:04,279
Speaker 1: would provide evidence of a lot of the stuff that

568
00:35:04,320 --> 00:35:06,640
Speaker 1: he's claimed, you know, and he he claimed, as we

569
00:35:06,719 --> 00:35:09,279
Speaker 1: heard on the call with the Georgia Secretary State, that

570
00:35:09,320 --> 00:35:13,200
Speaker 1: there were tens of thousands of dead people that voted,

571
00:35:13,400 --> 00:35:16,040
Speaker 1: and then the Secretary of State fired back and said

572
00:35:16,040 --> 00:35:19,360
Speaker 1: there were only two dead people who voted, which is

573
00:35:19,360 --> 00:35:23,320
Speaker 1: a big difference, and I was My desire has always

574
00:35:23,360 --> 00:35:27,799
Speaker 1: been that if the president has evidence of problems with

575
00:35:27,880 --> 00:35:33,720
Speaker 1: voting machines, or evidence of illegals voting, or of dead

576
00:35:33,719 --> 00:35:38,200
Speaker 1: people voting, then he really needs to produce that evidence. Now,

577
00:35:38,960 --> 00:35:41,960
Speaker 1: I do think that there were problems with the election,

578
00:35:42,040 --> 00:35:44,040
Speaker 1: and I think that they made a difference in some

579
00:35:44,080 --> 00:35:47,120
Speaker 1: of the states with the absentee voting. But I've never

580
00:35:47,120 --> 00:35:49,400
Speaker 1: said anything about dead people voting. I've never said anything

581
00:35:49,400 --> 00:35:52,840
Speaker 1: about illegals voting or problems with voting machines because I

582
00:35:52,880 --> 00:35:56,160
Speaker 1: have never seen the evidence, and I can't say whether

583
00:35:56,200 --> 00:35:59,400
Speaker 1: there was or wasn't. But if I were President Trump

584
00:36:00,239 --> 00:36:02,960
Speaker 1: and I had that evidence, I sure would have produced

585
00:36:03,000 --> 00:36:07,160
Speaker 1: it in those sixty court cases, or you know, at

586
00:36:07,239 --> 00:36:10,520
Speaker 1: some point on January six or some point during this

587
00:36:10,600 --> 00:36:13,719
Speaker 1: impeachment trial. And that's yet to be seen. Whether they're

588
00:36:13,719 --> 00:36:16,080
Speaker 1: going to go that route or not. Final question for you, sir.

589
00:36:16,200 --> 00:36:18,520
Speaker 1: I know you have a very busy schedule, so this

590
00:36:18,560 --> 00:36:20,359
Speaker 1: is my last question for you. You're in the first

591
00:36:20,400 --> 00:36:24,239
Speaker 1: district of Kentucky. How do you think UH Leader Mitch

592
00:36:24,320 --> 00:36:29,640
Speaker 1: McConnell is doing well. But McConnell has been around a

593
00:36:29,680 --> 00:36:34,040
Speaker 1: long time, and the president's very popular in my rural

594
00:36:34,520 --> 00:36:36,840
Speaker 1: district in Kentucky. I think there are a lot of

595
00:36:36,880 --> 00:36:42,320
Speaker 1: people that aren't probably real happy with some of the

596
00:36:42,400 --> 00:36:45,640
Speaker 1: rhetoric with Center McConnell, But I certainly understand he's in

597
00:36:45,760 --> 00:36:49,600
Speaker 1: He represents America, he represents all of Kentucky. There are

598
00:36:49,600 --> 00:36:52,600
Speaker 1: parts of Kentucky that that you know, don't think the

599
00:36:52,640 --> 00:36:56,359
Speaker 1: same as as my district. So I have a good

600
00:36:56,400 --> 00:36:59,600
Speaker 1: relationship with Sera McConnell. But you know, there's some Republican

601
00:36:59,640 --> 00:37:02,240
Speaker 1: Party and some people that are active in the base

602
00:37:02,360 --> 00:37:04,799
Speaker 1: that that aren't happy. But I think the senators doing

603
00:37:04,840 --> 00:37:07,719
Speaker 1: what he what he has to do fascinating. It's fascinating

604
00:37:07,760 --> 00:37:09,960
Speaker 1: to get an insight from someone in a very rural

605
00:37:10,000 --> 00:37:13,000
Speaker 1: district in Mitch McConnell's Kentucky Congressman James Comber, I know

606
00:37:13,040 --> 00:37:14,600
Speaker 1: today has been a very busy day for you, So

607
00:37:14,680 --> 00:37:17,720
Speaker 1: thank you so much for for coming on the program.

608
00:37:17,800 --> 00:37:19,880
Speaker 1: And let's have you back on to talk about the

609
00:37:19,920 --> 00:37:23,759
Speaker 1: Committee on Oversight and Reform. That's Congressman James Comer, a

610
00:37:23,800 --> 00:37:27,760
Speaker 1: Republican representing Kentucky's first congressional district. Now I want ahead

611
00:37:27,760 --> 00:37:30,560
Speaker 1: to the other side of the aisle, where I'm thrilled

612
00:37:30,600 --> 00:37:34,319
Speaker 1: to welcome back to the program Senator Tina Smith. She

613
00:37:34,440 --> 00:37:37,839
Speaker 1: is a Democrat from Minnesota. Senator, I know you're calling in.

614
00:37:38,320 --> 00:37:43,640
Speaker 1: Just moments ago, after the Senate voted that the impeachment

615
00:37:43,680 --> 00:37:48,319
Speaker 1: trial is in fact constitutional. You voted that this is

616
00:37:48,360 --> 00:37:52,839
Speaker 1: in fact constitutional. Six Republicans joined you and the Democrats

617
00:37:52,960 --> 00:37:57,359
Speaker 1: on that position. Your analysis of day one of the trial, well,

618
00:37:57,400 --> 00:37:59,319
Speaker 1: thank you, Kevin, and it's great to be with you.

619
00:37:59,520 --> 00:38:03,000
Speaker 1: I am uh you know, through day one of this trial,

620
00:38:03,560 --> 00:38:05,720
Speaker 1: I am um. You know, I was happy to see

621
00:38:05,760 --> 00:38:08,960
Speaker 1: six Republicans voting with all of the Democrats to say

622
00:38:09,000 --> 00:38:11,880
Speaker 1: that this trial is constitutional and then it should go forward.

623
00:38:12,520 --> 00:38:16,080
Speaker 1: I think that the House managers, led by Jamie Raskin,

624
00:38:16,880 --> 00:38:19,719
Speaker 1: did what they need to do, which is to focus

625
00:38:19,800 --> 00:38:23,000
Speaker 1: on the facts of what happened, uh, and the facts

626
00:38:23,040 --> 00:38:24,799
Speaker 1: of what happened in the fact that what led up

627
00:38:24,840 --> 00:38:28,640
Speaker 1: to UH the attack on our capital on January six.

628
00:38:29,160 --> 00:38:33,840
Speaker 1: The House UH managers really focused on the constitutional issues today,

629
00:38:33,840 --> 00:38:37,200
Speaker 1: but they started with a very impactful thirteen minute video

630
00:38:37,480 --> 00:38:41,799
Speaker 1: of inter weaving the president's words with the attack on

631
00:38:41,840 --> 00:38:43,759
Speaker 1: the Capitol. Many of us, even though we were there,

632
00:38:43,800 --> 00:38:45,880
Speaker 1: were seeing some of that video for this for the

633
00:38:45,920 --> 00:38:48,879
Speaker 1: first time, and I think it took us all back

634
00:38:48,920 --> 00:38:52,520
Speaker 1: to the terror of that day, and it was very impactful.

635
00:38:53,120 --> 00:38:55,759
Speaker 1: I have to say, I think in comparison, the President's

636
00:38:55,800 --> 00:38:57,919
Speaker 1: lawyers were frankly a little bit all over the map.

637
00:38:57,960 --> 00:39:00,040
Speaker 1: They seemed a little bit caught off guard by the

638
00:39:00,040 --> 00:39:04,080
Speaker 1: strength of the arguments on the constitutional side, and um

639
00:39:04,120 --> 00:39:07,239
Speaker 1: it was um uh, you know, not as clear. I

640
00:39:07,239 --> 00:39:09,080
Speaker 1: think you can see though, a little bit of how

641
00:39:09,160 --> 00:39:10,920
Speaker 1: the outlines of the arguments are going to go in

642
00:39:10,960 --> 00:39:14,040
Speaker 1: the coming days. I want to bring into this conversation,

643
00:39:14,160 --> 00:39:15,799
Speaker 1: Jinnie cho I mean, Jennie, you and I have been

644
00:39:15,800 --> 00:39:17,879
Speaker 1: talking to all throughout the past hour just about how

645
00:39:17,960 --> 00:39:21,440
Speaker 1: virtually there's no chance that that President Trump will be convicted,

646
00:39:21,480 --> 00:39:24,400
Speaker 1: but that overwhelmingly Americans would like to see not overall

647
00:39:24,520 --> 00:39:27,480
Speaker 1: fifty According to the CBS Bowl would like to see

648
00:39:27,520 --> 00:39:33,120
Speaker 1: a conviction. Genie the question that I would love to hear,

649
00:39:33,239 --> 00:39:35,080
Speaker 1: Senator Smith, it's so good to talk to you. I

650
00:39:35,080 --> 00:39:38,040
Speaker 1: would love to hear your view on this. Does it

651
00:39:38,280 --> 00:39:40,919
Speaker 1: make sense? And this is one of the criticisms we've heard.

652
00:39:41,480 --> 00:39:43,920
Speaker 1: What in your view is the reason to have a

653
00:39:44,000 --> 00:39:48,239
Speaker 1: trial when the outcome seems predetermined? Is the Is this

654
00:39:48,320 --> 00:39:51,279
Speaker 1: a trial to change opinion or is it you know,

655
00:39:51,440 --> 00:39:54,560
Speaker 1: is there what's the reason in your mind? Well, I

656
00:39:54,600 --> 00:39:57,120
Speaker 1: think there's that's a really good question, and I think

657
00:39:57,120 --> 00:40:00,160
Speaker 1: about it in a variety of different ways. First, I

658
00:40:00,400 --> 00:40:04,120
Speaker 1: believe that the House impeaching the president in his final

659
00:40:04,200 --> 00:40:08,399
Speaker 1: days in office had some effect on him and constrained

660
00:40:08,520 --> 00:40:11,520
Speaker 1: him in some ways. I think that that impact of

661
00:40:11,600 --> 00:40:13,640
Speaker 1: that on him and what he what he didn't do

662
00:40:14,280 --> 00:40:18,080
Speaker 1: because of that impeachment UM was was helpful. I also

663
00:40:18,239 --> 00:40:21,319
Speaker 1: think that we have a I believe that I have

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00:40:21,360 --> 00:40:27,120
Speaker 1: a constitutional responsibility and obligation to protect the Constitution, and

665
00:40:27,239 --> 00:40:28,840
Speaker 1: that is what I feel that I am doing in

666
00:40:28,880 --> 00:40:33,480
Speaker 1: this impeachment trial. I can't make judgments for UM everybody

667
00:40:33,480 --> 00:40:36,040
Speaker 1: in the Senate, the Republicans and the Democrats, but I

668
00:40:36,040 --> 00:40:39,839
Speaker 1: think it's important that Americans see this trial play out,

669
00:40:39,880 --> 00:40:43,960
Speaker 1: and they see what the arguments are and they understand

670
00:40:44,000 --> 00:40:47,920
Speaker 1: that that it's our job to defend the Constitution. And

671
00:40:48,400 --> 00:40:52,960
Speaker 1: I think most Americans see what happened on January six,

672
00:40:53,040 --> 00:40:55,319
Speaker 1: They see what the President did, how he insided and

673
00:40:55,360 --> 00:40:59,560
Speaker 1: inflamed that violence, um that that resulted in loss of

674
00:40:59,680 --> 00:41:03,800
Speaker 1: life and serious permanent injury members of the Capitol Police,

675
00:41:04,160 --> 00:41:09,480
Speaker 1: and they're looking for some accountability, some results from that. Senator,

676
00:41:09,560 --> 00:41:12,719
Speaker 1: you're a member of the switching gears now to to

677
00:41:13,000 --> 00:41:16,200
Speaker 1: to economic policy. You're a member of the Senate Banking Committee, uh,

678
00:41:16,200 --> 00:41:19,120
Speaker 1: and a committee that I have followed closely for nearly

679
00:41:19,200 --> 00:41:23,520
Speaker 1: a decade. To be honest, and I'm I'm Banking Committee nerd.

680
00:41:23,600 --> 00:41:26,520
Speaker 1: You are you know I'm at the right place, Bloomberg, right,

681
00:41:26,560 --> 00:41:29,360
Speaker 1: this is this is what we talked about here, and

682
00:41:29,160 --> 00:41:31,120
Speaker 1: and you know, I was really struck by some comments

683
00:41:31,120 --> 00:41:34,919
Speaker 1: you made to to my reporting colleagues over at Axios

684
00:41:35,200 --> 00:41:38,000
Speaker 1: with regards to expansion of the Civil Rights Act of

685
00:41:38,080 --> 00:41:41,360
Speaker 1: nineteen sixty four. And this is office some sellar reporting

686
00:41:41,360 --> 00:41:44,520
Speaker 1: from the New York Times investigation that actually found the

687
00:41:44,520 --> 00:41:48,560
Speaker 1: financial institutions as businesses do not have to treat black

688
00:41:48,640 --> 00:41:52,719
Speaker 1: customers differently, and you have really raised this along with

689
00:41:52,760 --> 00:41:56,040
Speaker 1: your Democratic colleagues on the committee. This week, of course,

690
00:41:56,160 --> 00:41:59,280
Speaker 1: is is Black History Month. But could you just explain

691
00:41:59,360 --> 00:42:02,200
Speaker 1: this issue and why what you would like to see

692
00:42:02,280 --> 00:42:06,279
Speaker 1: financial institutions do in order to provide uh and and

693
00:42:06,320 --> 00:42:08,840
Speaker 1: why you believe this would provide more equality in the

694
00:42:08,880 --> 00:42:14,080
Speaker 1: financial industry. One of the biggest challenges that we face

695
00:42:14,120 --> 00:42:17,200
Speaker 1: in this country when it comes to racial equity is

696
00:42:17,239 --> 00:42:20,000
Speaker 1: the systems that are in place and housing and banking

697
00:42:20,000 --> 00:42:24,240
Speaker 1: and finance and across the board that make it harder

698
00:42:24,840 --> 00:42:30,080
Speaker 1: for black Americans, black and brown Americans to build wealth

699
00:42:30,320 --> 00:42:34,040
Speaker 1: and to have a shot at the American dream. And

700
00:42:34,080 --> 00:42:36,759
Speaker 1: this is built into our systems. It is not like

701
00:42:36,840 --> 00:42:40,080
Speaker 1: it just happened by accident. This is true in the

702
00:42:40,120 --> 00:42:45,040
Speaker 1: banking and financial services industry where those organizations were exempted

703
00:42:45,239 --> 00:42:48,520
Speaker 1: from or retreated differently in the civil rights laws that

704
00:42:48,600 --> 00:42:51,600
Speaker 1: passed in the nineteen sixties. So essentially, if they can

705
00:42:51,680 --> 00:42:54,640
Speaker 1: show that they made it right over time or they

706
00:42:55,120 --> 00:42:58,160
Speaker 1: you know that that they are not held at the

707
00:42:58,200 --> 00:43:01,200
Speaker 1: same standard. And I have heard so many stories from people,

708
00:43:01,719 --> 00:43:04,880
Speaker 1: um including somebody I'm thinking about right now who continually

709
00:43:04,960 --> 00:43:08,160
Speaker 1: goes into her bank to cash a check and has

710
00:43:08,200 --> 00:43:10,560
Speaker 1: turned away or has looked at or as questioned, or

711
00:43:10,600 --> 00:43:14,480
Speaker 1: the manager comes out to cash a check. This is

712
00:43:14,520 --> 00:43:17,200
Speaker 1: the kind of racial profiling that's still exists in this country.

713
00:43:17,200 --> 00:43:19,799
Speaker 1: And those several of us on the Banking Committee, led

714
00:43:19,840 --> 00:43:23,320
Speaker 1: by Senator Shared Brown, but also others like Elizabeth Warren,

715
00:43:23,360 --> 00:43:26,080
Speaker 1: want to want to want to change that, want to

716
00:43:26,200 --> 00:43:28,480
Speaker 1: change the way that the laws work so that that

717
00:43:28,840 --> 00:43:31,680
Speaker 1: isn't the experience of people and they actually also then

718
00:43:31,719 --> 00:43:34,680
Speaker 1: have access to capital and lending so that they can

719
00:43:34,719 --> 00:43:37,239
Speaker 1: go out and build that small business and buy the

720
00:43:37,280 --> 00:43:39,480
Speaker 1: house that they want to buy and start to build well,

721
00:43:40,000 --> 00:43:42,000
Speaker 1: you know, and and just to quickly follow up on

722
00:43:42,040 --> 00:43:47,120
Speaker 1: this point, some Republicans would argue that lowering taxes taxes

723
00:43:47,280 --> 00:43:51,000
Speaker 1: in in some of these underserved communities and creating economic

724
00:43:51,040 --> 00:43:56,080
Speaker 1: opportunity zones for example. Historically that's what's been the conservative argument.

725
00:43:56,080 --> 00:43:58,319
Speaker 1: Why do you believe, Senator that that's not the right

726
00:43:58,360 --> 00:44:01,759
Speaker 1: approach to take. Well, I think that we only have

727
00:44:01,880 --> 00:44:04,600
Speaker 1: to look at the hundred years of history to see

728
00:44:04,680 --> 00:44:08,560
Speaker 1: that the systems in place across the board um have

729
00:44:09,200 --> 00:44:14,600
Speaker 1: held back African Americans from getting the opportunity to earn

730
00:44:14,800 --> 00:44:18,080
Speaker 1: wages that are equivalent to white the wages that white

731
00:44:18,120 --> 00:44:21,760
Speaker 1: people earn to be able to get savings in place

732
00:44:21,760 --> 00:44:23,880
Speaker 1: so that they can start to do well. And I

733
00:44:23,920 --> 00:44:28,239
Speaker 1: mean the chronic and consistent poverty that is the reality

734
00:44:28,320 --> 00:44:30,880
Speaker 1: for so many more black families is the result of

735
00:44:30,880 --> 00:44:33,319
Speaker 1: that systemic racism. And I think we need to go

736
00:44:33,400 --> 00:44:38,080
Speaker 1: at the systems um that hold that inequality in place

737
00:44:38,440 --> 00:44:40,400
Speaker 1: in order to fix it, not turn away from it.

738
00:44:40,440 --> 00:44:42,320
Speaker 1: But you can't treat you know, you have to, you

739
00:44:42,360 --> 00:44:44,360
Speaker 1: have to you have to solve that root problem. And

740
00:44:44,400 --> 00:44:47,160
Speaker 1: I think that's what these this legislation that we want

741
00:44:47,160 --> 00:44:49,520
Speaker 1: to pass would do, you know. And And to stay

742
00:44:49,560 --> 00:44:52,200
Speaker 1: with this issue of financial services, I mean your state,

743
00:44:52,239 --> 00:44:55,680
Speaker 1: Minnesota is one of those states that has deeply, deeply

744
00:44:55,880 --> 00:45:02,719
Speaker 1: rural areas as well as high highly densely populated metropolis cities.

745
00:45:02,880 --> 00:45:07,439
Speaker 1: And I guess access to financial services, especially when we're

746
00:45:07,440 --> 00:45:11,000
Speaker 1: talking about the development of technology as as being a

747
00:45:11,040 --> 00:45:16,799
Speaker 1: financial advisor to so many um lower income Americans. How

748
00:45:17,200 --> 00:45:19,360
Speaker 1: what what is the Committee going to be doing this

749
00:45:19,560 --> 00:45:24,440
Speaker 1: year to make sure that access to to correct financial

750
00:45:24,480 --> 00:45:26,839
Speaker 1: advice and the era of game Stop, in the era

751
00:45:27,000 --> 00:45:31,640
Speaker 1: of robin Hood is actually equal. Well, it's such a

752
00:45:31,640 --> 00:45:34,080
Speaker 1: great point. I think we have to really explore as

753
00:45:34,080 --> 00:45:37,120
Speaker 1: we look at all of the fintech services that I mean,

754
00:45:37,200 --> 00:45:41,640
Speaker 1: honestly can be powerful and expanding access, but also might

755
00:45:41,680 --> 00:45:46,040
Speaker 1: not have the same UH you know, that those organizations

756
00:45:46,120 --> 00:45:48,240
Speaker 1: might not be held to the same standard in terms

757
00:45:48,280 --> 00:45:50,760
Speaker 1: of the safety and security of your deposits, for example,

758
00:45:50,840 --> 00:45:52,960
Speaker 1: or your transactions. I think we have to we have

759
00:45:53,040 --> 00:45:56,719
Speaker 1: to get at that and UM and understand that maybe

760
00:45:56,719 --> 00:45:59,680
Speaker 1: some of our old rules and financial services just don't

761
00:45:59,680 --> 00:46:02,520
Speaker 1: apply I the way they you know, they don't apply

762
00:46:02,680 --> 00:46:05,640
Speaker 1: to some of these newer technologies. I think coming from

763
00:46:05,640 --> 00:46:08,160
Speaker 1: a state like Minnesota where we have a very diverse

764
00:46:08,200 --> 00:46:13,200
Speaker 1: financial services sector. We have UM some big important banks,

765
00:46:13,239 --> 00:46:16,120
Speaker 1: and we also have loads of community banks that are

766
00:46:16,160 --> 00:46:19,239
Speaker 1: the lifeline for main street businesses and home mortgages, and

767
00:46:19,320 --> 00:46:24,200
Speaker 1: also very very strong credit union UH sector in Minnesota

768
00:46:24,239 --> 00:46:29,399
Speaker 1: where those are essentially financial services co ops that are

769
00:46:29,480 --> 00:46:31,360
Speaker 1: there for the benefit of their members. I think that

770
00:46:31,440 --> 00:46:34,600
Speaker 1: kind of diversity is also a real boon and makes

771
00:46:34,600 --> 00:46:38,200
Speaker 1: a big difference in rural places in my state. Senator Smith,

772
00:46:38,320 --> 00:46:41,799
Speaker 1: please please please come back on the program after the

773
00:46:41,800 --> 00:46:44,240
Speaker 1: game stop hearing. I know that Chairman Brown has announced

774
00:46:44,239 --> 00:46:46,480
Speaker 1: that he will be holding a hearing on the current

775
00:46:46,480 --> 00:46:48,520
Speaker 1: state of the stock market, and we definitely want to

776
00:46:48,560 --> 00:46:52,120
Speaker 1: have you on the program around uh as as those

777
00:46:52,120 --> 00:46:57,359
Speaker 1: hearings continue, especially as the House gets to work on

778
00:46:57,400 --> 00:46:59,640
Speaker 1: those hearings. So please come back on the program for

779
00:46:59,680 --> 00:47:02,320
Speaker 1: that that Naratina Smith, she has a Democrat from Minnesota.

780
00:47:02,320 --> 00:47:05,479
Speaker 1: Thank you so much for your time. February is Black

781
00:47:05,560 --> 00:47:08,960
Speaker 1: History Month and Bloomberg Radio is celebrating pivotal moments in

782
00:47:09,080 --> 00:47:12,880
Speaker 1: US Black history each day. Here with today's installment. Installment

783
00:47:12,960 --> 00:47:17,960
Speaker 1: is Bloomberg tre Needing Gone on this day in Black History.

784
00:47:16,600 --> 00:47:21,680
Speaker 1: In Bernard Harris Jr. Becomes the first African American astronaut

785
00:47:21,719 --> 00:47:25,040
Speaker 1: to take the spacewalk as playload commander on Space Shuttle

786
00:47:25,080 --> 00:47:29,000
Speaker 1: Discovery STS sixty three. Harris served on the first flight

787
00:47:29,040 --> 00:47:32,520
Speaker 1: of the joint Russian American space program along with C.

788
00:47:32,680 --> 00:47:36,000
Speaker 1: Michael Full. The two men tested modifications to their space

789
00:47:36,040 --> 00:47:39,080
Speaker 1: suits so they could keep spacewalkers warmer in the extreme

790
00:47:39,200 --> 00:47:42,880
Speaker 1: cold of space, and while at NASA, Harris did clinical

791
00:47:42,920 --> 00:47:47,200
Speaker 1: investigations of space adaptation. He also developed in flight medical

792
00:47:47,280 --> 00:47:51,640
Speaker 1: devices to extend astronauts stays in space. Throughout his career,

793
00:47:51,680 --> 00:47:54,720
Speaker 1: Harris has log more than four hundred thirty eight hours

794
00:47:54,760 --> 00:47:58,280
Speaker 1: and traveled over seven point two million miles in space.

795
00:47:58,760 --> 00:48:01,960
Speaker 1: He's now the CEO of the National Math and Science Initiative.

796
00:48:02,480 --> 00:48:06,360
Speaker 1: That's Today in Black History. I'm Rinita Young Bloomberg Radio.

797
00:48:06,800 --> 00:48:09,480
Speaker 1: That was Ronida Young, and I want to thank Adam Goodman,

798
00:48:09,520 --> 00:48:12,960
Speaker 1: Republican media strategist, Bloomberg Politics contributor and Iona College professor

799
00:48:13,040 --> 00:48:17,239
Speaker 1: Jennie Chasino. Our guests Congressman James Cohmer of Kentucky and

800
00:48:17,280 --> 00:48:21,360
Speaker 1: Senator Tina Smith of Minnesota, a Republican and Democratic, respectively.

801
00:48:21,400 --> 00:48:24,280
Speaker 1: And our team, Christine Barata, match, Earli and Darden, Welcome

802
00:48:24,320 --> 00:48:26,920
Speaker 1: to the team. I'm Kevin Sirley and Sarah Lives. I'm

803
00:48:26,960 --> 00:48:28,279
Speaker 1: Kevin Sirley. This is Bloomberger