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

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Speaker 1: This was never an effective in Afghan of course, it

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Speaker 1: was much smaller than the sig years of people of Quogag.

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Speaker 1: It's a twenty year waste to get back to where

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Speaker 1: we started. Bloomberg Sound on Politics, Policy and Perspective from

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Speaker 1: DC's top names. And we got a real threat with

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Speaker 1: climate change. If we don't do everything in our power,

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Speaker 1: the prices we're in will only use large. Eric. We

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Speaker 1: just did more than a trillion dollars in infrastructure going

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Speaker 1: through it on the president's desk. That's a big win.

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Speaker 1: Sloomberg Sound On with Joe Matthew on Bloomberg Radio. The

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Speaker 1: Taliban gets comfortable on failing. A familiar looking government now

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Speaker 1: blocking charter flights from leaving the country and as the

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Speaker 1: US races to resettle thousands of Afghan refugees. We'll talk

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Speaker 1: about it with Congressmen Rocana, Democrat from California, who serves

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Speaker 1: on the House Armed Services Committee, and as the Treasury

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Speaker 1: Secretary flags mid October now for a possible credit default,

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Speaker 1: there's your warning. We will get into the debt ceiling

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Speaker 1: debate and proposed tax hikes on Capitol Hill with Congressman

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Speaker 1: David Schweikert, Republican from Arizona. The panel today, Democratic strategist

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Speaker 1: Roger Fist Republican strategist George c both with us for

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Speaker 1: the hour. It was one thing to see the Taliban

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Speaker 1: steamrolled its way through Afghanistan. It's another level to see

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Speaker 1: the group on Veilett's new government yesterday with a very

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Speaker 1: familiar looking group of people, all as the US works

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Speaker 1: to resettle thousands of Afghan refugees, and joining us to

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Speaker 1: talk about this along with many other issues on Capitol Hill.

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Speaker 1: Congressman Rocana, Democrat from California. Congressman, welcome to Bloomberg Radio.

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Speaker 1: Thank you for having me. I'd like to start with

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Speaker 1: news from Afghanistan, as we heard today from Secretary of

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Speaker 1: State Anthony B. Lincoln, who spoke from Germany about Afghanistan's

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Speaker 1: new government. Here's what he said. Yesterday, the Taliban named

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Speaker 1: a new interim government. We're assessing the announcement, but despite

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Speaker 1: professing that a new government would be inclusive, the announced

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Speaker 1: list of names consists exclusively of individuals were members of

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Speaker 1: the Taliban or their close associates, and no women. We're

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Speaker 1: also concerned by the affiliations and track records of some

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Speaker 1: of those individuals. Congressman, as a member of the Armed

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Speaker 1: Services Committee in one who has been deeply involved in

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Speaker 1: the resettlement of Afghan refugees, how worried are you about

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Speaker 1: this new group and will it pose a threat to Americans?

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Speaker 1: I am worried, and I'm worried about the Americans still there.

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Speaker 1: I'm worried about the Afghan allies that are still there.

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Speaker 1: We UH need to do everything we can to make

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Speaker 1: it clear to the Taliban that they will suffer economic consequences,

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Speaker 1: diplomatic consequences, political consequences, and potentially even military consequences if

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Speaker 1: they do not comply with allowing safe passage of American citizens.

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Speaker 1: Secretary B. Lincoln also note that the Taliban is not

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Speaker 1: allowing some charter flights now to leave the country. Congressmen,

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Speaker 1: are we at the point now where people who have

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Speaker 1: not gotten out of Afghanistan may never get out? No,

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Speaker 1: we're not. We still have options of getting people to

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Speaker 1: the Pakistan border, to getting them uh to the Jajikistan border.

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Speaker 1: We have options of making sure that there are private

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Speaker 1: rescue missions, and there are still intense pressure that the

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Speaker 1: administration can put to allow charter flights to leave. So

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Speaker 1: I certainly don't think we are ever in that situation. UH.

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Speaker 1: And we will not abandon Americans. There are American families,

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Speaker 1: and the President has made that very clear. Congressman Kann,

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Speaker 1: of your districts is home to the largest community of

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Speaker 1: Afghan immigrants in the United States. There's even a neighborhood

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Speaker 1: I see known as Little Cobble in Fremont, California. As

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Speaker 1: the White House asked Congress for more money now to

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Speaker 1: resettle refugees, do you believe the US has the resources

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Speaker 1: or will with that money to place tens of thousands

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Speaker 1: more Afghans. I do believe that we need more resources. Look,

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Speaker 1: we were in that country for twenty years. We have

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Speaker 1: an obligation to Afghans who worked for the United States government.

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Speaker 1: But we've promised freedom. We have an obligation to that.

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Speaker 1: And Afghan Americans have made enormous contributions to this country.

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Speaker 1: Look at my district. They're tech leaders, entrepreneurs, artists, doctors

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Speaker 1: of vibrant restaurant owners. So it is to our countries

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Speaker 1: benefit to have UH. The Afghan refugees here. They obviously

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Speaker 1: need to be vetted. UH And we have a moral

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Speaker 1: obligation to do that. I saw you tweets to those

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Speaker 1: with concerns come to my district. You wrote on Twitter,

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Speaker 1: I represent the largest Afghan American community in the US.

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Speaker 1: Try the food, meet the community. I think you'd come

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Speaker 1: away thinking differently, what concerns are you hearing? Who is

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Speaker 1: that message for? Well, my messages for some of the

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Speaker 1: politicians are out demagoguing of the issue. I mean I

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Speaker 1: heard one UH Senate candidate say that he is concerned

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Speaker 1: that an Afghan refugee was going to blow up mall.

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Speaker 1: First of all, they they don't have two side bombers

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Speaker 1: in the same way. UH. In the Afghan American community,

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Speaker 1: I have never seen a single incident up that in

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Speaker 1: UH in Fremont and UH. Secondly, it's offensive to a

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Speaker 1: lot of the community that is hard working, that is

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Speaker 1: a law following, and that is making an enormous contribution.

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Speaker 1: Are you inviting Afghan refugee specifically to your district because

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Speaker 1: of that local community? Absolutely, our local community welcomes them.

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Speaker 1: They've been helping them. And not just the Afghan American community.

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Speaker 1: We've had the huge community in Santa Clara County and

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Speaker 1: Silicon Valley mobilizing to help resettle Afghan refugees. They are

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Speaker 1: welcome in our district. They will contribute to our district

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Speaker 1: that I hope that other parts of this country will

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Speaker 1: see how much they can enrich those areas. We're talking

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Speaker 1: with Congressman Rocana, Democrat from California, and I'd like to

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Speaker 1: ask you about the debate over tax and spending in Washington.

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Speaker 1: It's a grand debate. Congressman, you're facing some very important

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Speaker 1: deadlines this month. Do you believe Democrats can finish the

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Speaker 1: reconciliation bill, despite the pushback from some moderates, by the

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Speaker 1: end of this month, so infrastructure can get a vote

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Speaker 1: on time. Yes, I'm confident of that because we all

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Speaker 1: know what needs to be done. We all know that

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Speaker 1: there are left behind communities in this country that need broadband,

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Speaker 1: that need infrastructure investments. We need him now that we

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Speaker 1: need to invest in childcare, in community college, and clean energy. Now,

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Speaker 1: there are differences in our caucus about the spending level.

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Speaker 1: I believe the three point five trillion was already a compromise,

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Speaker 1: but I ultimately believe that the caucus will get behind

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Speaker 1: what the president wants in the President's agenda, that it

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Speaker 1: is too important for us not to get something done,

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Speaker 1: and we will work out those differences. So what do

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Speaker 1: you say to the Joe Mansions in the Senate and

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Speaker 1: even moderates in your own House of Representatives Congressman who

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Speaker 1: say that's way too rich for my blood. I said,

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Speaker 1: let's have a conversation center Mansion. Let's look at what

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Speaker 1: this will do for West Virginia, UH, and I can

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Speaker 1: make the case that a lot of the funding will

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Speaker 1: actually help West Virginia. I want to hear your perspective

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Speaker 1: and what you think, uh is not helpful. And then

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Speaker 1: let's figure out how this package can be most helpful

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Speaker 1: to places like West Virginia. And I'm confident knowing Senator Mansion,

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Speaker 1: having had those conversations, that he will be reasonable and

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Speaker 1: get to it. Yes, why not just vote on the

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Speaker 1: bipartisan Infrastructure bill now and and reconciliation when it's done.

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Speaker 1: Why not just vote on it now because it's incomplete

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Speaker 1: that you can't invest in more traditional roads and highways

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Speaker 1: and have a greater exposure to the fossil fuel economy

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Speaker 1: without having mitigating climate provisions. You need the second half

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Speaker 1: of the bill, and the second half of the bill

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Speaker 1: is saying we need electric vehicles, we need to have

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Speaker 1: a climate clean energy standard, we need rural broadband so

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Speaker 1: that we could have more promote work. So you can't say, Okay,

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Speaker 1: we're just going to do the part the bill that's

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Speaker 1: going to make the climate situation arguably worse without having

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Speaker 1: the climate parts. And that's why it's a complete package.

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Speaker 1: Then there's the matter of the debt ceiling. Congressman Speaker

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Speaker 1: Pelosi said just this morning that it will not go

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Speaker 1: into reconciliation. Well, Republicans then vote for it. Does this

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Speaker 1: become a bipartisant matter, and what happens if you don't

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Speaker 1: get to it in time. I do believe the Republicans

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Speaker 1: will ultimately vote. Very would be highly irresponsible if they don't.

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Speaker 1: This has always been something that we raised with a

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Speaker 1: bipartisan voted it would show that they're not serious about governance.

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Speaker 1: But one way or the other, the death ceiling will

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Speaker 1: be raised. America is not going to default on our debt.

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Speaker 1: And it's a terrible economic policy at a time that

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Speaker 1: interest rates are so low to not raise the debt ceiling.

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Speaker 1: We can finance things at a very low interest rate,

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Speaker 1: and so this is a economically smart time to be

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Speaker 1: doing this, then, how much of this is about money

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Speaker 1: already spent as we hear the speaker Pelosi refer to

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Speaker 1: it as a credit card Donalds credit card that he

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Speaker 1: loaded up with debt versus spending that would still becoming

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Speaker 1: the investments that you refer to, Well, these are new

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Speaker 1: investments on top of what we've already done for COVID.

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Speaker 1: But you have to put it in contact. I mean,

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Speaker 1: the three point five trillion is over ten years. In

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Speaker 1: that time, we're going to be spending seven trillion on defense,

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Speaker 1: and uh, a lot of the money new money will

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Speaker 1: be paid for by actually getting big corporations to pay taxes.

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Speaker 1: Some of them are not being any tax by having

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Speaker 1: taxes on the ultra rich, the billionaires and multimillionaires who

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Speaker 1: are richer every day they wake up because their money

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Speaker 1: has gone up in the stock market and aren't paying

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Speaker 1: the taxes they're working people are paying, Congressman, kind of

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Speaker 1: there a lot of questions about the job market now

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Speaker 1: that we're seeing unemployment benefits and enhanced COVID benefits expire.

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Speaker 1: The Fed is out with its Beige book today, pointing

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Speaker 1: to a deceleration in the economy because of COVID. This

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Speaker 1: was supposed to be the month everyone came back to

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Speaker 1: work as kids went back to school. What's the situation

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Speaker 1: with the job market right now in California with some

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Speaker 1: ten million job openings around the country, how come people

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Speaker 1: are not going back. It's a very good question. One

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Speaker 1: challenge is the childcare situation. I mean, people have a

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Speaker 1: situation where schools are not open, or even if schools

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Speaker 1: are open, you have activities not open after school activities. Second,

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Speaker 1: there is fear, so with the rise of delta, some

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Speaker 1: people are hesitant to go back to the workplace, particularly

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Speaker 1: in jobs with large exposure to a large number of people.

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Speaker 1: They don't want to risk their help. And Third, having

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Speaker 1: a year off from work has made people rethink what

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Speaker 1: they want to do in their careers and want to

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Speaker 1: make sure that they're going back to good jobs that

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Speaker 1: are paying well. And some of those jobs aren't paying

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Speaker 1: well or don't have the proper benefits. So there are

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Speaker 1: hosts of complex factors that are contributing to this that

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Speaker 1: we need to address. Lastly, Congressman, we've got less than

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Speaker 1: a week to the recall election in California. I can't

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Speaker 1: believe it's almost here, and I you the Vice President

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Speaker 1: is in your state today helping to stump for Governor

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Speaker 1: Gavin Newsom. Will that help him win? And how worried

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Speaker 1: are you about the turnout? I do think it will help.

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Speaker 1: Obviously having the Vice president and the President com will

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Speaker 1: be a big help. I honestly, two weeks ago was

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Speaker 1: very concerned. I'm not that concerned today. Obviously we have

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Speaker 1: to get every vote in, but it seems the last

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Speaker 1: week or ten days the message has really broken through.

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Speaker 1: More and more people I hear are aware there's a vote,

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Speaker 1: are planning to vote now on the recall, and so

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Speaker 1: I actually believe that the governor will win by a

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Speaker 1: pretty comfortable margin, which is very different than how I

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Speaker 1: was feeling about two weeks ago. And now I think

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Speaker 1: people have seen what addressed the consequence it would be

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Speaker 1: of Larry Elder were elected governor, and that has jolted

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Speaker 1: people into action. And uh, you know, Matciavelli says fear

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Speaker 1: is often a bigger motivator than love, and I think

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Speaker 1: the fear of the alternative blokes people up. It's a

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Speaker 1: very true line, isn't it. Come It's been Rocana Democrat

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Speaker 1: from California. We thank you for talking with us today

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Speaker 1: on Bloomberg Radio. You're listening to Bloomberg you sound on

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Speaker 1: with Joe Matthew on Bloomberg Radio. It was a fascinating

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Speaker 1: conversation with Rocana, the congressman from the Bay Area in California,

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Speaker 1: gave us a lot to unpack with our panel. Roger Fisk,

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Speaker 1: democratic strategist and principle at New Day Strategy, is with

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Speaker 1: us for the hour, along with George c CEO at

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Speaker 1: Annandale Capital, former senior advisor to Marco Rubio's presidential campaign.

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Speaker 1: It's great to have both of you back, and I

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Speaker 1: want to start with Afghanistan, as we did with the congressman,

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Speaker 1: as the Secretary of State, Anthony B. Lincoln calls on

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Speaker 1: the Taliban to make good on its agreement and allow

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Speaker 1: flights to leave the country. Here's the Secretary today in Germany.

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Speaker 1: As of now, the Taliban are not permitting the charter

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Speaker 1: flights to depart. They claim that some of the passengers

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Speaker 1: do not have the required documentation. While there are limits

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Speaker 1: to what we can do without personnel on the ground,

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Speaker 1: without an airport with normal security procedures in place, we

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Speaker 1: are working to do everything in our power to support

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Speaker 1: those flights and to get them off the ground. Roger Fisk,

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Speaker 1: the Biden administration says it will continue to evacuate people,

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Speaker 1: even though the US military is that we've been hearing

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Speaker 1: that since before the withdrawal. Are we already finding that

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Speaker 1: to be impossible? Well, first off, Joe, thank you so

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Speaker 1: much for having me, and I love being on George.

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Speaker 1: On with George. I believe we were on together about

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Speaker 1: a year ago, so thank you for that. Um. You know,

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Speaker 1: what I think the Biden administration is confronting is that

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Speaker 1: the Taliban realizes these last couple of flights are essentially

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Speaker 1: their last few cards to play in the insurgent posture

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Speaker 1: that has gotten them this far, because in short order

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Speaker 1: they're going to have to become the very mundane and

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Speaker 1: benign thing that we call a government. They're going to

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Speaker 1: have to start worrying about sewer capacity and infrastructure and

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Speaker 1: they're electrical grid and things like that, because as soon

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Speaker 1: as these last couple of pages of this last chapter

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Speaker 1: are over, they become a government, they lose the posture

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Speaker 1: and the righteousness and all the aspirations of being an

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Speaker 1: insurgent movement. So I think what's gone on as they've

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Speaker 1: realized that this is their last chance to play these

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Speaker 1: kind of cards, and they're going to try to make

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Speaker 1: it as difficult as possible. And I would imagine if

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Speaker 1: this gets, you know, significantly worse than the next day

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Speaker 1: or two, that you're going to see the Biden administration

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Speaker 1: ramp this up. I'm sure they're already doing that privately. Um,

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Speaker 1: but they'll address this forth with. I mean this, this,

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Speaker 1: It cannot be allowed to to to go on in

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Speaker 1: this kind of a stalemate. So, George, how does the

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Speaker 1: US compel the Taliban to make good on its agreements

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Speaker 1: in this case? Or or is this when people stop

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Speaker 1: paying attention? Yeah, that's a really good question. Um. I

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Speaker 1: feel like I'm watching a now weeks long running Twilight

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Speaker 1: Zone episode. We've extracted all our military from the country.

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Speaker 1: We don't have any way of making them do what

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Speaker 1: want to. Now. You can say you can use economic

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Speaker 1: leverage and the I m F and things like that,

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Speaker 1: but I really don't think the Taliban care very much

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Speaker 1: about that. I think that the Secretary State of the

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Speaker 1: United States has has and I'm not pointing fingers at

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Speaker 1: this gentleman in particular, but has never been in a

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Speaker 1: much weaker position where we're wagging our fingers at them

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Speaker 1: and telling them what to do, and I think they're

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Speaker 1: more laughing at us than anything else. We pulled the

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Speaker 1: military out, and that was our big with our big

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Speaker 1: stick that we had to utilize. And that's that's now

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Speaker 1: off the table for the moment. And I think what

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Speaker 1: several people have indicated on both sides of the islands

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Speaker 1: that we may have to send our giant whip back

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Speaker 1: in the country in the form of special forces or

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Speaker 1: drones or missile structure, things like that, and it's just

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Speaker 1: continue to be a messy situation. And I think most

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Speaker 1: Americans really really wanted us out of there on the

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Speaker 1: right end, on the left end, in the center. I mean,

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Speaker 1: I think it was seventy but the way we got

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Speaker 1: out was tragic and it's it's gonna hurt us for

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Speaker 1: a long time to come. And I I think the

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Speaker 1: Taliban may be more based on bodying a civil war

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Speaker 1: in the next couple years in running the country. I

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Speaker 1: doubt they had the capability to run the country very well.

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Speaker 1: The matter of dealing with refugees is a big one. Roger.

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Speaker 1: I'd like to hear from you on that, as we

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Speaker 1: heard from Rocana speak passionately about the resettlement here in

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Speaker 1: the US and the need to succeed in that mission.

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Speaker 1: The White House is asking for over ten billion dollars

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Speaker 1: to help pay for the resettlements. How important is it

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Speaker 1: for us to get this part right? Well, first off them,

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Speaker 1: we we gave our word to tens of thousands of

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Speaker 1: people that helped as interpreters uh in the in the theater,

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Speaker 1: So there's a level of obligation there before you even

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Speaker 1: get to the conversation about us living up to our values.

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Speaker 1: We told people that helped us um in the day

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Speaker 1: to day kind of functioning of the last twenty years

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Speaker 1: and and and implementing our policies there, that we would

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Speaker 1: facilitate their um ability to to come back to America

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Speaker 1: when this was done, or or rather while it was

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Speaker 1: going on. So the refugee component that this has to

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Speaker 1: be taken very, very seriously. We have a very difficult

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Speaker 1: history when it comes to the conclusion of these things.

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Speaker 1: You can look at the residual elements of our involvement

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Speaker 1: in Vietnam and how that extrapolated itself into Cambodia. You

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Speaker 1: can look at how we are treatment of the Kurds

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Speaker 1: in the first Gulf, for our treatment of the Kurds

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Speaker 1: again pulling out of Syria recently. We're very good at

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Speaker 1: starting these things, but we don't tend to be all

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Speaker 1: that proficient when it comes to ending them. But for

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Speaker 1: at least seventy thousand of these folks, we gave our

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Speaker 1: word that we would be there for them, just as

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Speaker 1: they were there for us, and we need to honor that.

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Speaker 1: Those are some tough memories there. George, knowing that you're

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Speaker 1: disappointed in the way this has been conducted, as with raw,

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Speaker 1: does that make it more imperative that we succeeded this

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Speaker 1: part of the mission. I agree with every word that

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Speaker 1: was just said. I thought that was extremely well said,

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Speaker 1: and I cannot improve on that. And I've heard quite

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Speaker 1: a few protestations against as let so many refugees come

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Speaker 1: in the country, and these murmurs and rumors about that

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Speaker 1: we might be letting carorists lose in the US and

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Speaker 1: all this kind of stuff. We should have a very

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Speaker 1: detailed account on all our friends in Afghanistan, and we

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Speaker 1: helped this for many years in that country. And if

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Speaker 1: we don't have a very detailed accounting of that names uh,

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Speaker 1: all sorts of identifying in for information, so we can

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Speaker 1: very very clearly define our our friends from potential post

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Speaker 1: shame on us because we really have made I would

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Speaker 1: say a blood oh to people who have helped us,

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Speaker 1: and we need we need to fulfill that and we

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Speaker 1: need to be true to that. I question whether we will.

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Speaker 1: The big markups begin on Capitol Hill tomorrow. The debt

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Speaker 1: ceiling is in the air, and we get another view

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Speaker 1: on all of it now by Congressman David Schweiker, Republican

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Speaker 1: from Arizona who serves on the House Ways and Means

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Speaker 1: Committee and a good voice to hear from at the moment. Congressman, welcome,

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Speaker 1: I'd like to ask you about this matter of the

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Speaker 1: debt ceiling and how you think it should be resolved.

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Speaker 1: The Treasury Secretary said as well, default next month. Should

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Speaker 1: we suspend it or boost it? Well, UM, my understanding

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Speaker 1: is we are into what they call extraordinary measures, so

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Speaker 1: we're grabbing cash that's sitting in different accounts, and that's

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Speaker 1: what's being used. UM. I've always been a little resentful

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Speaker 1: on the default um use of that language because it's

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Speaker 1: technically not accurate. Default as if you didn't have enough

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Speaker 1: cash flow to cover your bond payments, which we absolutely do,

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Speaker 1: where you hit much more politically uncomfortable as when you

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Speaker 1: don't have the cash flow um without borrowing to continue

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Speaker 1: certain political you know, the programs UM, certain spending, but

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Speaker 1: most but you'd have enough cash over debt and the

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Speaker 1: basic entitlements. UM. The debt ceiling becomes sort of that

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Speaker 1: moment where hopefully you get the adults in the room

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Speaker 1: and we can have a discussion, because if you look

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Speaker 1: at our debt growth curve, even when you normalized for

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Speaker 1: COVID spending, UM, we're in real trouble. We're already in

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Speaker 1: a huge demographic headwind, and with the craziness that's about

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Speaker 1: to take place starting tomorrow in the Ways and Means Committee,

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Speaker 1: where um, we're gonna raise taxes on lots and lots

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Speaker 1: of things, but we're going to even looks like spend

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Speaker 1: twice as much as all the new revenues that would

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Speaker 1: come from those new taxes, so therefore driving up the

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Speaker 1: debt higher. We're in almost a type of fairy tale

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Speaker 1: land fiscal insanity driven by the Democrat majority. Right now,

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Speaker 1: I wanted you to hear from what we heard from

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Speaker 1: Nancy Pelosi thing for the Speaker of the House, and

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Speaker 1: have you react to that. She was asked about the

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Speaker 1: debt ceiling, whether it should just be folded into the

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Speaker 1: reconciliation bill. She said, no, that's not the avenue. Here's

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Speaker 1: how she finished that. People say, oh, you just want

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Speaker 1: to spend my note. This is we're paying the credit card,

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Speaker 1: the Trump credit card, with what we would do to

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Speaker 1: lift the debt ceiling. And when President Trump was president,

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Speaker 1: we Democrats supported of lifting the debt ceiling because it's

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Speaker 1: the responsible thing to do. I would hope that the

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Speaker 1: Republicans would act in a similar responsible way. So Congressman,

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Speaker 1: this is Bloomberg. Of course we can get into this

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Speaker 1: a little bit. The idea that this is a lagging indicator,

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Speaker 1: if you will, a credit card to pay off Trump debt,

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Speaker 1: versus raising the debt ceiling and allow for future spending,

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Speaker 1: which I think a lot of people consider it to be.

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Speaker 1: Those are two pretty different scenarios, right should be And

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Speaker 1: that's absolutely you know, the duplicity's in language. First off,

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Speaker 1: the reason the left doesn't wish to put um the

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Speaker 1: debt ceiling into um the market that begins tomorrow ways

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Speaker 1: and means and the Budget Reconciliation Bill is our understanding

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Speaker 1: that the Senate parliamentarian would require a number, So it's

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Speaker 1: not just that they want to force you to vote

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Speaker 1: on um SO to a certain debt amount. Where our

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Speaker 1: understanding is the Left really really wishes to do a

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Speaker 1: unopened ended credit card are to a date certain which

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Speaker 1: does not fit reconciliation rules. So it would have been

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Speaker 1: nice if the speaker actually had sort of told the

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Speaker 1: truth on here's the mechanism and why, and people forget

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Speaker 1: After the tax reform, the end of two thousand seventeen

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Speaker 1: two two thou nineteen were the second and third highest

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Speaker 1: adjusted for inflation tax revenue years in US history. UM

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Speaker 1: and the COVID spending has been immediate borrowing. We've been

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Speaker 1: blessed that that has been willing to buy the US sovereigns.

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Speaker 1: But um, you know we're in just even outside today's

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Speaker 1: public policy, we have a huge demographic headwind. We're getting

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Speaker 1: old very fast. Medicare is the primary driver of US

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Speaker 1: sovereign debt over the next thirty years. How do you

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Speaker 1: actually have an adult conversation around here when the policy

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Speaker 1: that's coming at us looks more like we're trying to

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Speaker 1: take the middle class and the up to a quarter

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Speaker 1: million dollar earners and make them addicted to entitlements. Well,

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Speaker 1: i'd love to have I'd love to to be able

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Speaker 1: to have a minute to ask you about the tax

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Speaker 1: debate with your position on ways and means. But just

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Speaker 1: to be clear, with everything you just said, that would

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Speaker 1: strengthen the argument to pay off Trump debt as well

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Speaker 1: as all of our debt. Now, I mean, should the

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Speaker 1: ceiling not be raised to cover our obligations? Well, but

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Speaker 1: we're not paying off debt. What you're doing is you're

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Speaker 1: authorizing additional borrowings. So you'd be a no vote on

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Speaker 1: raising the debt ceiling. Um, No, No, that's not what

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Speaker 1: we're saying. And I think you have a lot of

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Speaker 1: Republicans say, make a deal with us. Just as we

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Speaker 1: had sequestration a decade ago that turns out to have

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Speaker 1: been the de single most effective thing ever happened in

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Speaker 1: modern federal government for limiting the growth of spending. But

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Speaker 1: that came about because to one of these death ceiling fights,

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Speaker 1: so the fiscal cliff, what's on the Yeah, But turns

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00:24:06,600 --> 00:24:10,919
Speaker 1: out that sequestration actually made a real difference for at

433
00:24:11,000 --> 00:24:13,560
Speaker 1: least a few years there in bending the debt curve.

434
00:24:14,240 --> 00:24:17,639
Speaker 1: Last minute here, Congressman, we had to Kevin Brady, ranking

435
00:24:17,640 --> 00:24:20,320
Speaker 1: member on the Ways and Means Committee, joined us yesterday.

436
00:24:20,640 --> 00:24:24,840
Speaker 1: He said Republicans are a flat no on proposed tax

437
00:24:24,920 --> 00:24:29,879
Speaker 1: hikes for capital gains, higher corporate tax rate, and any

438
00:24:29,880 --> 00:24:32,800
Speaker 1: of the other fringe ideas as some might suggest, you know,

439
00:24:32,840 --> 00:24:36,720
Speaker 1: taxing on realized gains CEO compensation. Is he correct on

440
00:24:36,800 --> 00:24:40,920
Speaker 1: that those will be democratic only initiatives? Yeah, I believe so,

441
00:24:40,960 --> 00:24:44,639
Speaker 1: because the modeling right now has been fascinating. Um, the

442
00:24:44,680 --> 00:24:48,800
Speaker 1: capital gains tax actually loses thirty three billion dollars over

443
00:24:48,840 --> 00:24:51,920
Speaker 1: the ten years. The only thing it raises any new

444
00:24:52,040 --> 00:24:56,560
Speaker 1: receipts or revenues um from it is changing the basis calculations.

445
00:24:56,920 --> 00:24:59,600
Speaker 1: The corporate tax height looks like it loses one million

446
00:24:59,680 --> 00:25:02,720
Speaker 1: job in the first twenty four months. So there's an

447
00:25:02,720 --> 00:25:07,560
Speaker 1: incredible duplicity on. We understand the left really wants to

448
00:25:07,640 --> 00:25:11,560
Speaker 1: punish certain groups that they don't consider their political supporters,

449
00:25:11,560 --> 00:25:15,399
Speaker 1: but it's not helping economic expansion, which we must have

450
00:25:15,720 --> 00:25:18,720
Speaker 1: if we're gonna be able to handle the debt. So

451
00:25:18,840 --> 00:25:21,199
Speaker 1: what a debate we are in for Congressman. Thank you

452
00:25:21,280 --> 00:25:23,560
Speaker 1: to be a fly on the wall for these meetings

453
00:25:23,560 --> 00:25:25,440
Speaker 1: tomorrow and to be in that markup session. I could

454
00:25:25,480 --> 00:25:28,200
Speaker 1: do a documentary with you, so come back soon. Congressman

455
00:25:28,560 --> 00:25:33,320
Speaker 1: David Schweikert, Republican from Arizona, you're listening to Bloomberg. You

456
00:25:33,440 --> 00:25:38,960
Speaker 1: sound on with Joe Matthew on Bloomberg Radio to be

457
00:25:38,960 --> 00:25:42,000
Speaker 1: around the fastest hour in politics, San Joe Matthew live

458
00:25:42,080 --> 00:25:44,520
Speaker 1: from Washington. Is glad you joined us. What a contrast

459
00:25:44,680 --> 00:25:48,720
Speaker 1: of ideas we've heard this hour. A Democrat and a Republican,

460
00:25:48,880 --> 00:25:52,159
Speaker 1: both serving in Congress on the threshold of one of

461
00:25:52,200 --> 00:25:55,120
Speaker 1: the great debates of our time, and I covered Obamacare.

462
00:25:55,240 --> 00:25:57,600
Speaker 1: I don't think I'm overplaying that, but we're gonna find

463
00:25:57,600 --> 00:26:00,480
Speaker 1: out together over the next couple of weeks. You're Bloomberg

464
00:26:00,600 --> 00:26:03,200
Speaker 1: Radio and great to have the panel with us. After

465
00:26:03,240 --> 00:26:07,040
Speaker 1: both conversations, we were talking earlier about Afghanistan, the charter

466
00:26:07,160 --> 00:26:10,000
Speaker 1: flights that are grounded, the need to resettle refugees, and

467
00:26:10,000 --> 00:26:14,800
Speaker 1: we turned to domestic policy following our conversation with David Schweikert,

468
00:26:14,840 --> 00:26:18,159
Speaker 1: Republican from Arizona. The panel Roger Fisk is back for

469
00:26:18,200 --> 00:26:21,320
Speaker 1: the hour Democratic strategists now at New Day Strategy and

470
00:26:21,320 --> 00:26:25,640
Speaker 1: George c CEO at Annandale Capital, Republican strategist from Marco

471
00:26:25,720 --> 00:26:30,800
Speaker 1: Rubio presidential campaign. Let's get into the the stuff about

472
00:26:30,840 --> 00:26:34,520
Speaker 1: the death ceiling and reconciliation for that matter, Roger, the

473
00:26:34,560 --> 00:26:37,119
Speaker 1: dead ceiling is going to be a political situation this

474
00:26:37,240 --> 00:26:41,840
Speaker 1: time obviously? Do Democrats force Republicans hands on this? Nancy

475
00:26:41,840 --> 00:26:45,520
Speaker 1: Pelosi says it's not going into reconciliation. Janet Yellen says

476
00:26:45,520 --> 00:26:48,360
Speaker 1: we default the middle of October. We just heard David

477
00:26:48,400 --> 00:26:51,360
Speaker 1: Schwikert said there's no such thing until we actually run

478
00:26:51,359 --> 00:26:56,800
Speaker 1: out of cash. What do Democrats do? Interesting question. I

479
00:26:56,800 --> 00:26:58,920
Speaker 1: think we just made news too, because if I read,

480
00:26:59,040 --> 00:27:01,400
Speaker 1: if I heard the Repers send it up correctly praising

481
00:27:01,400 --> 00:27:04,360
Speaker 1: the actions of twelve, I'm pretty sure we have him

482
00:27:04,359 --> 00:27:09,080
Speaker 1: on record as inadvertently complimenting President Obama in a way.

483
00:27:09,160 --> 00:27:11,000
Speaker 1: So you may have just made some news there, joke

484
00:27:11,240 --> 00:27:13,280
Speaker 1: by using it for leverage in other words, Right, so

485
00:27:13,480 --> 00:27:17,800
Speaker 1: do we hike or suspend the limit? Well, you know,

486
00:27:17,880 --> 00:27:19,720
Speaker 1: one of the points is is that you know that

487
00:27:19,800 --> 00:27:23,040
Speaker 1: always has to be remembered, is that a few things

488
00:27:23,040 --> 00:27:26,560
Speaker 1: are played more politically than the dead ceiling, when in

489
00:27:26,280 --> 00:27:31,040
Speaker 1: in reality it's obviously addressing bills we have already incurred.

490
00:27:31,160 --> 00:27:34,040
Speaker 1: But it is a perfect stage at the perfect vehicle

491
00:27:34,560 --> 00:27:37,439
Speaker 1: for a lot of posturing and a lot of finger pointing.

492
00:27:37,800 --> 00:27:40,920
Speaker 1: But push comes to shove. Uh. No matter what people

493
00:27:41,000 --> 00:27:43,959
Speaker 1: say at the beginning of September, more often than not,

494
00:27:44,040 --> 00:27:46,480
Speaker 1: come the end of September, we've raised the dead ceiling

495
00:27:46,560 --> 00:27:49,320
Speaker 1: seventy eight times since nineteen sixty, two thirds of that

496
00:27:49,480 --> 00:27:53,080
Speaker 1: under Republican presidents and one third under Democratic presidents. And

497
00:27:53,119 --> 00:27:55,520
Speaker 1: I don't think Congress is really going to fundamentally change

498
00:27:55,560 --> 00:27:58,400
Speaker 1: as an animal between now and the end of September.

499
00:27:58,480 --> 00:28:00,600
Speaker 1: So I think, you know, there's gonna be a lot

500
00:28:00,600 --> 00:28:03,320
Speaker 1: of job owning. But when the dust settles, um, people

501
00:28:03,359 --> 00:28:05,119
Speaker 1: are going to sign up and keep the trains running.

502
00:28:06,760 --> 00:28:09,600
Speaker 1: Is that the way you see it here, George, I

503
00:28:09,040 --> 00:28:13,320
Speaker 1: I wonder sometimes having lived through the fiscal cliff, But

504
00:28:13,400 --> 00:28:16,680
Speaker 1: as Nancy Pelosi frames this as Trump debt, the Republicans

505
00:28:16,680 --> 00:28:21,040
Speaker 1: will vote to either suspend or boost the debt limit, Well,

506
00:28:21,320 --> 00:28:24,480
Speaker 1: this is political standoff in political theater. It's really not

507
00:28:24,600 --> 00:28:27,159
Speaker 1: more than that you look at the financial markets for

508
00:28:27,240 --> 00:28:30,959
Speaker 1: the quality of our debt and and raising the debt ceiling,

509
00:28:31,040 --> 00:28:34,840
Speaker 1: and and the tenure Treasury note is around one point

510
00:28:34,840 --> 00:28:37,240
Speaker 1: three pent So it's saying we have we have absolutely

511
00:28:37,280 --> 00:28:39,920
Speaker 1: no debt issues right now. That's all political posturing and

512
00:28:40,400 --> 00:28:42,720
Speaker 1: it'll go away in time. And I think the bigger

513
00:28:42,760 --> 00:28:45,200
Speaker 1: standoff is do we pass the infrastructure bill ors and

514
00:28:45,280 --> 00:28:49,000
Speaker 1: continue to be attached to this three point five trillion

515
00:28:49,200 --> 00:28:51,600
Speaker 1: up to five trillion dollar spending bill. It's on top

516
00:28:51,640 --> 00:28:53,959
Speaker 1: of that for a whole new host of entitlements. And

517
00:28:54,680 --> 00:28:56,800
Speaker 1: I think you've got Joe Manchin in particular in the

518
00:28:56,840 --> 00:28:59,320
Speaker 1: Senate pushing back on linking the two and having the

519
00:28:59,680 --> 00:29:02,720
Speaker 1: three want five trillion nominal bill at that level, and

520
00:29:02,720 --> 00:29:04,800
Speaker 1: he's basically saying I won't, I won't do that, and

521
00:29:04,840 --> 00:29:07,200
Speaker 1: he's the decisive vote. So you're going to see a

522
00:29:07,280 --> 00:29:09,080
Speaker 1: lot of horse trading over the next month month and

523
00:29:09,080 --> 00:29:12,480
Speaker 1: a half on these issues because President Biden really wants

524
00:29:12,480 --> 00:29:16,640
Speaker 1: to win on on infrastructure spending at least, so does

525
00:29:16,720 --> 00:29:19,080
Speaker 1: a lot of that sport. Joe Manchin wants to win

526
00:29:19,120 --> 00:29:21,560
Speaker 1: on infrastructure to the right. He helped to craft the deal.

527
00:29:21,600 --> 00:29:23,280
Speaker 1: You're one of ten senators. Don't you want to go

528
00:29:23,360 --> 00:29:26,080
Speaker 1: home and say that you brought home the bacon in

529
00:29:26,360 --> 00:29:29,760
Speaker 1: form of badly needed improvements, especially in his state with

530
00:29:30,360 --> 00:29:34,120
Speaker 1: regard to to broadband access. George, is that not leverage

531
00:29:34,120 --> 00:29:37,719
Speaker 1: over Joe Mansion? You know, I think Joe Manchon's got

532
00:29:37,760 --> 00:29:39,200
Speaker 1: all the leverage in the world right now. I think

533
00:29:39,240 --> 00:29:42,760
Speaker 1: he's arguably the most powerful senator since Lyndon Johnson in

534
00:29:42,840 --> 00:29:45,600
Speaker 1: the in the late nineteen fifties. And I think he's

535
00:29:45,600 --> 00:29:47,160
Speaker 1: gonna get what he wants. At the end of the day.

536
00:29:47,200 --> 00:29:49,240
Speaker 1: He'll probably give it to some degree, but I don't

537
00:29:49,280 --> 00:29:52,320
Speaker 1: think he has to give a whole lot. Roger Fisk,

538
00:29:52,400 --> 00:29:55,840
Speaker 1: You're you're advising Joe Mansion in this case, how far

539
00:29:55,880 --> 00:29:57,719
Speaker 1: do you push it knowing that you want to have

540
00:29:58,320 --> 00:30:00,760
Speaker 1: a deal on not just a deal but lawn by

541
00:30:00,840 --> 00:30:04,120
Speaker 1: part is an infrastructure. Yeah, I mean I think he

542
00:30:04,280 --> 00:30:08,120
Speaker 1: has if you grant uh that he wants to carve

543
00:30:08,160 --> 00:30:12,600
Speaker 1: out a centrist kind of role for himself, albeit coming

544
00:30:12,640 --> 00:30:15,360
Speaker 1: from a state that is no stranger to federal dollars.

545
00:30:15,360 --> 00:30:18,040
Speaker 1: I mean, you can't throw a rock in West Virginia

546
00:30:18,120 --> 00:30:21,040
Speaker 1: without hitting either a Rockefeller off ramp or a Robert

547
00:30:21,080 --> 00:30:25,680
Speaker 1: Bird courthouse or something else. Um that I think he's

548
00:30:25,760 --> 00:30:28,760
Speaker 1: established that, and now I think and you started to

549
00:30:28,760 --> 00:30:31,200
Speaker 1: see this pivot about a month ago. It's it started

550
00:30:31,200 --> 00:30:34,480
Speaker 1: to go from kind of the what and more turned

551
00:30:34,480 --> 00:30:37,840
Speaker 1: into a conversation about the how he was roughly signing

552
00:30:37,840 --> 00:30:41,600
Speaker 1: on even with a trillion dollars um in the Famili's plan,

553
00:30:41,640 --> 00:30:44,600
Speaker 1: in addition to a trillion dollars with the straight up

554
00:30:44,880 --> 00:30:48,560
Speaker 1: what's called traditional infrastructure plan. So I think he's won

555
00:30:48,920 --> 00:30:52,040
Speaker 1: the battle. I think he's crossed the threshold in terms

556
00:30:52,040 --> 00:30:57,360
Speaker 1: of branding himself um in that centrist dealmaker role. And

557
00:30:57,400 --> 00:30:59,800
Speaker 1: now it's really just a question of getting down into

558
00:30:59,840 --> 00:31:02,720
Speaker 1: the minutia, figuring out what West Virginia gets out of

559
00:31:02,760 --> 00:31:06,080
Speaker 1: all this, and ultimately wanting to walk away with a

560
00:31:06,080 --> 00:31:09,920
Speaker 1: bipartisan win, which I think roughly two thirds of the

561
00:31:09,960 --> 00:31:12,880
Speaker 1: Senate probably want to see that. Obviously the president, as

562
00:31:12,920 --> 00:31:15,400
Speaker 1: George Rightley points out, and Senator Mansion to the premise

563
00:31:15,400 --> 00:31:19,360
Speaker 1: of your question, well, there's a lot there, Roger, if

564
00:31:19,400 --> 00:31:21,200
Speaker 1: you crank it down to one and a half trillion, though,

565
00:31:21,240 --> 00:31:24,040
Speaker 1: as I read this morning in Axios, that's Joe Mansion's number,

566
00:31:24,920 --> 00:31:29,120
Speaker 1: you risk losing infrastructure when progressives revolt. So how do

567
00:31:29,160 --> 00:31:32,840
Speaker 1: you balance the two? Well, you know, interestingly enough in

568
00:31:33,320 --> 00:31:36,000
Speaker 1: a macab way. And I don't mean to trivial trivialize

569
00:31:36,040 --> 00:31:39,600
Speaker 1: this at all, um, but I think Afghanistan somewhat changes

570
00:31:39,600 --> 00:31:42,600
Speaker 1: the calculus. I think at this point there needs to

571
00:31:42,720 --> 00:31:46,400
Speaker 1: be and there's there's I think a bipartisan element to this,

572
00:31:46,560 --> 00:31:49,880
Speaker 1: which is we need to send a signal to ourselves

573
00:31:49,880 --> 00:31:54,360
Speaker 1: into the world that we can still function. And if

574
00:31:54,400 --> 00:31:59,000
Speaker 1: you take, for example, something as as non political as

575
00:31:59,040 --> 00:32:02,360
Speaker 1: our ports up and down the East and West Coast,

576
00:32:02,400 --> 00:32:04,840
Speaker 1: a lot of our ports are so obsolete that there's

577
00:32:04,880 --> 00:32:08,000
Speaker 1: a whole class of freighter that's running around the world

578
00:32:08,080 --> 00:32:11,120
Speaker 1: right now that can't even enter US ports because they're

579
00:32:11,120 --> 00:32:14,680
Speaker 1: not dredged deep enough and the births themselves aren't wide enough.

580
00:32:14,960 --> 00:32:18,440
Speaker 1: So we're we're aging ourselves out of being competitive. And

581
00:32:18,520 --> 00:32:20,160
Speaker 1: that's how I think you can go out and frame

582
00:32:20,200 --> 00:32:22,720
Speaker 1: these things. You can talk jobs in some ways, you

583
00:32:22,760 --> 00:32:25,040
Speaker 1: can talk investments in another way, but you can really

584
00:32:25,360 --> 00:32:27,320
Speaker 1: while this down in a lot of ways to to

585
00:32:27,560 --> 00:32:31,320
Speaker 1: being competitive. George. I know they recently dredge the harbor

586
00:32:31,360 --> 00:32:34,160
Speaker 1: in Boston successfully to to be able to start doing

587
00:32:34,160 --> 00:32:37,400
Speaker 1: business with bigger boats like Rogers talking about, but that's

588
00:32:37,400 --> 00:32:41,480
Speaker 1: still again, that's the hard infrastructure, right, That's that's well, technically,

589
00:32:41,480 --> 00:32:44,160
Speaker 1: the easy part is Democrats look at this and try

590
00:32:44,200 --> 00:32:48,160
Speaker 1: to sell the reconciliation bill. It's interesting to me to

591
00:32:48,200 --> 00:32:51,480
Speaker 1: see that the beer system, shrillss rhetoric is on the

592
00:32:51,480 --> 00:32:54,480
Speaker 1: far left for wanting to have almost unlimited spinning in

593
00:32:54,760 --> 00:32:57,520
Speaker 1: this deal. But they're not holding the cards now to

594
00:32:57,560 --> 00:33:02,160
Speaker 1: the point where the Afghanist Afghani debacle and with Poles

595
00:33:02,200 --> 00:33:05,080
Speaker 1: turning against President Biden is the the odds are in

596
00:33:05,160 --> 00:33:08,000
Speaker 1: favor of the people in the middle on both parties

597
00:33:08,000 --> 00:33:09,800
Speaker 1: who want to cut a deal, and they're gonna hold

598
00:33:09,800 --> 00:33:11,920
Speaker 1: the big cards right now. I've been struck by the

599
00:33:12,040 --> 00:33:14,920
Speaker 1: lack of depths at hawk rhetoric on the far right.

600
00:33:15,000 --> 00:33:17,360
Speaker 1: There hasn't been as much of that that the block

601
00:33:17,440 --> 00:33:22,240
Speaker 1: of Congress that would be opposed to really uncontrolled federal

602
00:33:22,280 --> 00:33:24,320
Speaker 1: spinning has kind of disappeared. And the only thing that's

603
00:33:24,360 --> 00:33:26,280
Speaker 1: holding that back right now is one or two votes

604
00:33:26,320 --> 00:33:28,680
Speaker 1: in the Senate. Cinema and Mansion, and I think they're

605
00:33:28,680 --> 00:33:30,360
Speaker 1: gonna win the day, and I think they're gonna cut

606
00:33:30,360 --> 00:33:33,280
Speaker 1: a deal, but it's gonna be part a minutes from

607
00:33:33,320 --> 00:33:36,840
Speaker 1: what the far left would like to see. I've got

608
00:33:37,120 --> 00:33:38,880
Speaker 1: Roger Fisk and George Cia on the phone, so I

609
00:33:38,920 --> 00:33:40,479
Speaker 1: want to throw this out there and see if you've

610
00:33:40,520 --> 00:33:42,200
Speaker 1: heard about it and what you think about it. Nancy

611
00:33:42,240 --> 00:33:45,240
Speaker 1: Pelosi brought it to my attention today as I'm listening

612
00:33:45,280 --> 00:33:48,120
Speaker 1: to her briefing, her weekly briefing, and I was not

613
00:33:48,240 --> 00:33:52,240
Speaker 1: familiar with this Justice for j six rally that's coming

614
00:33:52,240 --> 00:33:57,360
Speaker 1: on September. Apparently, the Speaker says lawmakers will be briefed

615
00:33:57,360 --> 00:33:59,400
Speaker 1: in the next couple of days about security plans for

616
00:33:59,440 --> 00:34:03,520
Speaker 1: the capital. Uh. This is uh, this is a rally

617
00:34:03,520 --> 00:34:07,320
Speaker 1: and supportive votes charged with crimes on the insurrection of

618
00:34:07,400 --> 00:34:09,720
Speaker 1: January six. Let's listen to the speaker. This is Nancy

619
00:34:09,719 --> 00:34:13,960
Speaker 1: Pelosi today. There are some three things going on at

620
00:34:13,960 --> 00:34:17,360
Speaker 1: the appropriate level to the Committee of Jurisdiction in our House,

621
00:34:17,400 --> 00:34:21,280
Speaker 1: which is House Administration, and then we will be briefed

622
00:34:21,400 --> 00:34:25,040
Speaker 1: after that. UM. I'll have an announcement about that, but

623
00:34:25,080 --> 00:34:26,759
Speaker 1: I don't want to say it right here because it

624
00:34:26,800 --> 00:34:30,600
Speaker 1: involves other people. We've got an announcement, Roger, are you

625
00:34:30,640 --> 00:34:32,719
Speaker 1: hearing about this? We're getting another fence. Do we have

626
00:34:32,800 --> 00:34:36,400
Speaker 1: something to worry about? Well, I think based on what

627
00:34:36,440 --> 00:34:39,719
Speaker 1: we've seen unfortunately. UM and yeah, I live here in

628
00:34:39,800 --> 00:34:42,200
Speaker 1: d C. And it's important to remember there were two

629
00:34:42,360 --> 00:34:45,560
Speaker 1: or three little bits of kindling before January six, right.

630
00:34:45,600 --> 00:34:48,120
Speaker 1: There was a stop to Steel rally I believe in

631
00:34:48,200 --> 00:34:51,799
Speaker 1: mid December, and then another one where people stand out

632
00:34:51,840 --> 00:34:54,080
Speaker 1: across the district and pulled people out of their cars

633
00:34:54,080 --> 00:34:56,360
Speaker 1: and beat them up because they were wearing masks and stuff.

634
00:34:56,400 --> 00:34:59,400
Speaker 1: So this stuff has to be taken very, very seriously.

635
00:34:59,480 --> 00:35:02,400
Speaker 1: You know, my first I've worked for presidential campaigns. My

636
00:35:02,440 --> 00:35:05,120
Speaker 1: first campaign was John Kerry's. I worked it from its

637
00:35:05,160 --> 00:35:08,080
Speaker 1: first day to its very last, and there were in

638
00:35:08,160 --> 00:35:12,160
Speaker 1: some circles, you know, questions about Ohio. It never occurred

639
00:35:12,200 --> 00:35:15,919
Speaker 1: to me to storm the capitol, to call for the

640
00:35:16,000 --> 00:35:20,120
Speaker 1: hanging of the vice president, or to assault police officers.

641
00:35:20,160 --> 00:35:23,920
Speaker 1: This is disgraceful, traitorous conduct. I think everyone needs to

642
00:35:23,960 --> 00:35:29,080
Speaker 1: denounce it across the political spectrum because tyranny is force

643
00:35:29,400 --> 00:35:32,520
Speaker 1: and democracy is persuasion. And when we stopped trying to

644
00:35:32,560 --> 00:35:36,600
Speaker 1: persuade one another and we pick up bricks and clubs,

645
00:35:36,640 --> 00:35:39,080
Speaker 1: that's when we're losing who we are. So this needs

646
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Speaker 1: to be denounced in universal clear language. I'm sorry, George,

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Speaker 1: I only have thirty seconds. But are you familiar with this?

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Speaker 1: Do we need to take it seriously? I think this

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Speaker 1: has unfortunately fallen into politics, and it's not going to

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Speaker 1: go very far. I think all patriotic Americans should view

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Speaker 1: January six is one of the most tragic, sad and

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Speaker 1: unpatriotic days in American here street and stand on that.

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Speaker 1: But the politics is gonna There were rules today going forward,

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Speaker 1: and I think mostly American people are going ignored and

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Speaker 1: just focus on the fact that day was tragic and

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Speaker 1: should never be repeated. Well, I hope we can ignore it.

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Speaker 1: I just wonder when the speaker is talking about a

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Speaker 1: major announcement coming, what the heck is going on here?

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Speaker 1: And I guess the briefings will continue and you know,

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Speaker 1: we'll tell you about it as we learn more. Great

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Speaker 1: talk with Roger and George Roger fifth Democratic strategist, principle

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Speaker 1: at New Day Strategy, George c CEO at Annadale Capital

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Speaker 1: and former senior advisor to Marco Rubio's sixteen presidential campaign.

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Speaker 1: I'm Joe Matthew. Thanks for spending the fastest hour in

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Speaker 1: politics with us. We'll do it again tomorrow. Right here.

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Speaker 1: This is Bloomberg