1 00:00:01,960 --> 00:00:06,240 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,400 --> 00:00:09,920 Speaker 1: We want to get people back to work. We've got 3 00:00:09,920 --> 00:00:12,840 Speaker 1: to be hating the path leaks. It is up to 4 00:00:12,960 --> 00:00:15,120 Speaker 1: Congress to kind of set the rules of the road. 5 00:00:15,240 --> 00:00:18,639 Speaker 1: But you have to wonder what spacebook final objective. Isn't 6 00:00:18,680 --> 00:00:23,400 Speaker 1: that Bloomberg sound On politics, policy and perspective from DC's 7 00:00:23,480 --> 00:00:26,680 Speaker 1: tough name. So they just simply reopen the economy and 8 00:00:26,760 --> 00:00:28,800 Speaker 1: returned everyone back to work, we would be I think 9 00:00:28,800 --> 00:00:32,240 Speaker 1: in a better situation. Today Washington may squander it's best 10 00:00:32,360 --> 00:00:36,000 Speaker 1: chance to make long overdue investments in our infrastructure. Bloomberg 11 00:00:36,159 --> 00:00:42,520 Speaker 1: Sound On with Joe Matthew on Bloomberg Radio. President Biden 12 00:00:42,640 --> 00:00:45,199 Speaker 1: is wheels up on the way to scrand Pennsylvania to 13 00:00:45,240 --> 00:00:49,000 Speaker 1: sell the agenda. Is actually they're already, but we're still 14 00:00:49,000 --> 00:00:51,600 Speaker 1: here in the bubble as Democrats knock heads over the 15 00:00:51,720 --> 00:00:54,720 Speaker 1: very same issues in hopes of striking a deal on 16 00:00:54,800 --> 00:00:57,840 Speaker 1: infrastructure and reconciliation by the end of this month. Still 17 00:00:57,880 --> 00:01:00,480 Speaker 1: unclear if that's possible, but we'll talk at it next 18 00:01:00,480 --> 00:01:03,520 Speaker 1: with Congressman Juan Vargas, Democrat from California, serves on the 19 00:01:03,560 --> 00:01:07,520 Speaker 1: House Financial Services Committee and as Republicans accused Democrats of 20 00:01:07,600 --> 00:01:11,319 Speaker 1: stoking inflation. Will analyze the messaging around this with the 21 00:01:11,360 --> 00:01:15,040 Speaker 1: panel later this hour. Bloomberg Politics contributors Jeanie Chanzano and 22 00:01:15,120 --> 00:01:17,560 Speaker 1: Rick Davis are with us, and later we'll dig into 23 00:01:17,600 --> 00:01:20,679 Speaker 1: the COVID States Project, a new survey on governor's approval 24 00:01:20,800 --> 00:01:24,760 Speaker 1: ratings and states with vaccine mandates and those without, and 25 00:01:24,840 --> 00:01:28,039 Speaker 1: a distinct trend that we're seeing in the numbers as 26 00:01:28,080 --> 00:01:30,640 Speaker 1: we try to follow the bouncing ball here in Washington, 27 00:01:30,760 --> 00:01:35,240 Speaker 1: specifically on Capitol Hill, with a perceived deadline of October 28 00:01:35,280 --> 00:01:40,240 Speaker 1: thirty one to complete infrastructure and reconciliation, the Congressman HACKEM. 29 00:01:40,280 --> 00:01:42,840 Speaker 1: Jeffreys of New York, chair of the House Democratic Caucus, 30 00:01:42,920 --> 00:01:46,319 Speaker 1: says deadlines not so much as President Joe Biden's agenda. 31 00:01:46,360 --> 00:01:48,680 Speaker 1: The White House is indicated that they're not on the timeline. 32 00:01:48,720 --> 00:01:53,480 Speaker 1: We're not on the timeline. We're just working to arrive 33 00:01:53,640 --> 00:01:57,280 Speaker 1: at the consensus that is clearly moving UH in an 34 00:01:57,320 --> 00:02:01,920 Speaker 1: incredibly positive direction to accomplished all of the policy objectives 35 00:02:01,920 --> 00:02:07,160 Speaker 1: that are necessary to deliver real relief to everyday Americans. 36 00:02:07,920 --> 00:02:11,639 Speaker 1: So no timeline either way. As I told David weston 37 00:02:11,680 --> 00:02:14,880 Speaker 1: earlier today on Balance of Power here on Bloomberg Radio, 38 00:02:14,960 --> 00:02:17,560 Speaker 1: there does appear to be new energy, a new urgency 39 00:02:18,520 --> 00:02:22,040 Speaker 1: behind this latest round of negotiations. We have essentially been 40 00:02:22,080 --> 00:02:26,720 Speaker 1: here before, but the details are emerging. And that's where 41 00:02:26,720 --> 00:02:30,840 Speaker 1: we start with Congressman Juan Vargas, Democrat from California. Congressman, 42 00:02:30,840 --> 00:02:32,440 Speaker 1: thank you for being with us. It's great to have you. 43 00:02:32,480 --> 00:02:35,079 Speaker 1: We keep hearing little bytes of news. Joe Mansion doesn't 44 00:02:35,200 --> 00:02:38,480 Speaker 1: like a clean energy provision, or childcare may have to 45 00:02:38,520 --> 00:02:41,880 Speaker 1: be cut down to fewer years. But big picture, how 46 00:02:41,919 --> 00:02:45,080 Speaker 1: important is it for your district, for your constituents to 47 00:02:45,080 --> 00:02:48,240 Speaker 1: get a deal this week? Well, I don't think it's 48 00:02:48,280 --> 00:02:51,600 Speaker 1: necessarily important to get a deal this week, but to 49 00:02:51,639 --> 00:02:54,800 Speaker 1: get a deal, um, you know, I I agree with Hakim. 50 00:02:54,840 --> 00:02:57,320 Speaker 1: You know, we're not on a timeline. We're on a 51 00:02:57,360 --> 00:02:59,640 Speaker 1: timeline for two things for sure, and that is the 52 00:02:59,720 --> 00:03:02,480 Speaker 1: debt limit. We gotta raise that thing by December, for sure, 53 00:03:02,520 --> 00:03:05,040 Speaker 1: and also a budget, because we're gonna have to either 54 00:03:05,160 --> 00:03:08,680 Speaker 1: have an omnibus or a continuing resolution. But with respect 55 00:03:09,120 --> 00:03:13,200 Speaker 1: to the infrastructure bill, and with respect also what they call, um, 56 00:03:13,240 --> 00:03:15,079 Speaker 1: you know, the build back better or whatever you want 57 00:03:15,080 --> 00:03:17,400 Speaker 1: to call it reconciliation. Of those a Catholic, I always 58 00:03:17,400 --> 00:03:20,800 Speaker 1: think that's kind of funny they call it reconciliation. But anyway, 59 00:03:20,840 --> 00:03:24,280 Speaker 1: long story short there, Um, we're not on the timeline. 60 00:03:24,560 --> 00:03:26,040 Speaker 1: I mean, the truth of the matter is, let's get 61 00:03:26,040 --> 00:03:28,120 Speaker 1: a good deal and then let's pass it. But we 62 00:03:28,160 --> 00:03:29,720 Speaker 1: don't have to do it this week. If we did 63 00:03:29,720 --> 00:03:31,760 Speaker 1: it this week, it would be best. We don't have 64 00:03:31,840 --> 00:03:35,200 Speaker 1: to do it this week. Is the more time that passes. 65 00:03:36,120 --> 00:03:39,400 Speaker 1: To quote your colleague from New Jersey, Josh Goddheimer, who 66 00:03:39,400 --> 00:03:42,480 Speaker 1: said time kills deals, there's more time that passes. Make 67 00:03:42,520 --> 00:03:46,160 Speaker 1: it more of a risk to see that bipartisan infrastructure 68 00:03:46,200 --> 00:03:50,840 Speaker 1: bill get through the House. Uh No, the bipartisan infrastructure 69 00:03:50,880 --> 00:03:53,080 Speaker 1: bill is the one that I think is the easiest 70 00:03:53,120 --> 00:03:57,880 Speaker 1: one to pass. Um that's basically what everyone wants. The 71 00:03:58,640 --> 00:04:01,920 Speaker 1: harder part is to build back better because that has 72 00:04:02,240 --> 00:04:05,280 Speaker 1: things that not everybody wants, and that that's frankly why 73 00:04:05,320 --> 00:04:08,080 Speaker 1: we have this fight. And not everyone's for the kind 74 00:04:08,080 --> 00:04:10,200 Speaker 1: of health care that we're looking at, and for the 75 00:04:10,240 --> 00:04:13,080 Speaker 1: prescription drugs, you know, to reduce the price because some 76 00:04:13,120 --> 00:04:15,880 Speaker 1: people you know, more on the pharmer's side, But the 77 00:04:15,920 --> 00:04:18,279 Speaker 1: issue of the infrastructure. Well, that's the easy one that 78 00:04:18,279 --> 00:04:21,320 Speaker 1: that could pass any time, So I don't think there's 79 00:04:21,320 --> 00:04:23,520 Speaker 1: a problem there. The problem really is trying to get 80 00:04:23,560 --> 00:04:26,880 Speaker 1: something on the reconciliation side, on this build back better. 81 00:04:26,960 --> 00:04:28,800 Speaker 1: That's where the tough part is. I don't know what 82 00:04:28,880 --> 00:04:32,200 Speaker 1: your priorities are when it comes to the reconciliation bill. 83 00:04:32,240 --> 00:04:34,919 Speaker 1: We're talking about so many different items to your point, 84 00:04:35,520 --> 00:04:39,640 Speaker 1: an expanded child tax credit, UH, universal pre K and 85 00:04:39,760 --> 00:04:43,240 Speaker 1: expansion of Medicare, or we're hearing that Bernie Sanders may 86 00:04:43,279 --> 00:04:46,800 Speaker 1: not get hearing, dental, and vision as he is hoping for. 87 00:04:47,680 --> 00:04:51,320 Speaker 1: Are any of these worth lopping off or any of 88 00:04:51,360 --> 00:04:54,760 Speaker 1: these worth not fighting for so you can get everything else? Congressman, 89 00:04:54,760 --> 00:04:56,560 Speaker 1: I guess I'm trying to get inside the room here 90 00:04:56,560 --> 00:04:59,599 Speaker 1: with you to figure out what's important or frankly, what's not. 91 00:04:59,640 --> 00:05:03,560 Speaker 1: As a sure, that's a great point, but the truth 92 00:05:03,600 --> 00:05:06,080 Speaker 1: of the matter is we don't want to negotiate with ourselves, right. 93 00:05:06,440 --> 00:05:07,960 Speaker 1: I mean, if you were to ask me right now, 94 00:05:08,000 --> 00:05:10,000 Speaker 1: what does Mansion want? I said, Okay, I kind of 95 00:05:10,000 --> 00:05:13,200 Speaker 1: get it. I mean, he's you know, West Virginia. He 96 00:05:13,240 --> 00:05:16,000 Speaker 1: doesn't want to mess with Cole. He wants um to 97 00:05:16,080 --> 00:05:19,400 Speaker 1: make sure that his state still is viable. I get that, 98 00:05:19,880 --> 00:05:23,280 Speaker 1: But when it comes to prescription drugs, taxes, all these 99 00:05:23,279 --> 00:05:25,279 Speaker 1: other things, I don't know exactly what they're willing to 100 00:05:25,320 --> 00:05:27,440 Speaker 1: do and what they're not willing to do. So to 101 00:05:27,520 --> 00:05:29,919 Speaker 1: say that we're gonna, you know, cut off the you know, 102 00:05:29,960 --> 00:05:33,080 Speaker 1: the universal pre k or the dental eyes and ears 103 00:05:33,120 --> 00:05:35,880 Speaker 1: for people on Medicare you can't afford you know, their 104 00:05:35,880 --> 00:05:38,800 Speaker 1: own dental care. And I'm not prepared to say, Okay, 105 00:05:38,800 --> 00:05:41,480 Speaker 1: we're gonna lop that off. Obviously we're gonna have to 106 00:05:41,520 --> 00:05:44,440 Speaker 1: negotiate and lop something off. But until we find out 107 00:05:44,440 --> 00:05:46,719 Speaker 1: exactly what they are willing to do, it's like, what 108 00:05:46,760 --> 00:05:49,000 Speaker 1: do you want? What are you guys willing to pay for? 109 00:05:49,080 --> 00:05:50,800 Speaker 1: And what are you not willing to pay for? Give 110 00:05:50,880 --> 00:05:54,560 Speaker 1: us a list, let's negotiate. Now that is finally starting 111 00:05:54,640 --> 00:05:56,760 Speaker 1: to happen. So is there anything you're not willing to 112 00:05:56,760 --> 00:05:59,320 Speaker 1: pay for? Something that's pie in the sky? You say, 113 00:05:59,360 --> 00:06:02,880 Speaker 1: you know what, guys just too far? No, not for me, 114 00:06:02,960 --> 00:06:05,039 Speaker 1: I mean all the things that are on there. Frankly. 115 00:06:05,080 --> 00:06:07,920 Speaker 1: I mean it's interesting because when you talk about these numbers, 116 00:06:07,920 --> 00:06:11,640 Speaker 1: they sound gigantic, right, is you know, three point five 117 00:06:11,720 --> 00:06:15,000 Speaker 1: trillion dollars. Oh my god, but it's over ten years. 118 00:06:15,000 --> 00:06:17,040 Speaker 1: If you take a look at it, the economists say, well, 119 00:06:17,040 --> 00:06:20,800 Speaker 1: that's gonna be about one point two of GDP, or 120 00:06:20,839 --> 00:06:23,839 Speaker 1: it's gonna be about six percent of your actual budget. 121 00:06:24,400 --> 00:06:27,280 Speaker 1: When you put it in that perspective, that doesn't look 122 00:06:27,320 --> 00:06:29,120 Speaker 1: so big. And said, well, wait a minute, that what 123 00:06:29,160 --> 00:06:31,240 Speaker 1: do you mean He said, yeah, that's that's all it is. 124 00:06:31,279 --> 00:06:34,719 Speaker 1: I mean, the reality is we deal with humongous numbers. 125 00:06:35,040 --> 00:06:37,320 Speaker 1: I mean, we're talking about our economy or we're talking 126 00:06:37,360 --> 00:06:39,920 Speaker 1: about our budget. The reality is that we're going to 127 00:06:40,000 --> 00:06:43,120 Speaker 1: spend over ten trillion dollars in the next ten years 128 00:06:43,400 --> 00:06:46,440 Speaker 1: on defense. So all of a sudden, it's wait a minute, Okay, 129 00:06:46,480 --> 00:06:49,840 Speaker 1: three d and fifty billion doesn't seem so much when 130 00:06:49,839 --> 00:06:52,960 Speaker 1: you're talking about at least ten trillions. So so again, 131 00:06:53,240 --> 00:06:56,440 Speaker 1: the reality is it's a big number, but it could 132 00:06:56,440 --> 00:06:58,679 Speaker 1: have been much bigger. There's a whole bunch of needs 133 00:06:58,720 --> 00:07:01,159 Speaker 1: in the nation that if we really do want to 134 00:07:01,200 --> 00:07:04,880 Speaker 1: build back better, and well, you know, Republicans are glad 135 00:07:04,920 --> 00:07:06,920 Speaker 1: to talk about numbers. And every time I speak with 136 00:07:06,960 --> 00:07:09,720 Speaker 1: a Republican lawmaker, they refer to that three and a 137 00:07:09,760 --> 00:07:12,600 Speaker 1: half or even six trillion dollar number, and then they 138 00:07:12,640 --> 00:07:15,520 Speaker 1: point to inflation. Congressman, I wonder if I can ask 139 00:07:15,560 --> 00:07:18,320 Speaker 1: you about that. Republicans have turned this into a daily 140 00:07:18,360 --> 00:07:22,560 Speaker 1: attack line against the Biden administration, against against Democratic members 141 00:07:22,560 --> 00:07:25,480 Speaker 1: of Congress. Today it was congresswoman at least Deponic of 142 00:07:25,480 --> 00:07:27,880 Speaker 1: New York, of course, part of the Republican leadership. Listen 143 00:07:27,880 --> 00:07:30,600 Speaker 1: to how she got into this. The average US household 144 00:07:30,680 --> 00:07:34,200 Speaker 1: now spends a hundred and seventy five dollars more a 145 00:07:34,280 --> 00:07:38,560 Speaker 1: month on food, fuel, and housing. That's over two thousand 146 00:07:38,640 --> 00:07:42,559 Speaker 1: dollars a year. Right now, across America, we are hearing 147 00:07:42,560 --> 00:07:46,360 Speaker 1: from our constituents about the skyrocketing gas prices that are up. 148 00:07:46,560 --> 00:07:51,600 Speaker 1: Overt meets are up twelve percent at grocery stores, eggs 149 00:07:51,640 --> 00:07:55,120 Speaker 1: are up over twelve percent, fresh fish and seafood are 150 00:07:55,200 --> 00:07:59,240 Speaker 1: up over ten percent. Electricity costs are up over five percent. 151 00:07:59,720 --> 00:08:04,120 Speaker 1: And yet the Biden administration only sees the skyrocketing inflation 152 00:08:04,160 --> 00:08:08,400 Speaker 1: numbers as quote high class problems. Another reference to ron 153 00:08:08,480 --> 00:08:10,760 Speaker 1: Klain there. But I, Congressman, it sounds like somebody has 154 00:08:10,760 --> 00:08:14,080 Speaker 1: gone shopping. I just wonder what's the response to that, 155 00:08:14,160 --> 00:08:18,080 Speaker 1: because I know the Biden administration says this legislation will 156 00:08:18,120 --> 00:08:21,320 Speaker 1: actually lower inflation. In other words, that's why we need 157 00:08:21,880 --> 00:08:24,800 Speaker 1: these bills. Republicans say it will only make things worse. 158 00:08:24,840 --> 00:08:27,320 Speaker 1: What's your take, that's right. I mean, one of the 159 00:08:27,320 --> 00:08:30,680 Speaker 1: things we have to acknowledge is that we're coming out 160 00:08:30,720 --> 00:08:32,920 Speaker 1: of a pandemic and we're still in it, but we're 161 00:08:32,960 --> 00:08:35,959 Speaker 1: coming out that people want to buy things. I mean, 162 00:08:36,000 --> 00:08:38,280 Speaker 1: I I represent San Diego. We have a port, and 163 00:08:38,320 --> 00:08:40,719 Speaker 1: I represent part of port. Yes, the truth of the 164 00:08:40,760 --> 00:08:42,360 Speaker 1: matter is we have a whole bunch of ships that 165 00:08:42,400 --> 00:08:44,680 Speaker 1: are backed up. And why are they backed up because 166 00:08:44,720 --> 00:08:47,240 Speaker 1: people now want to buy so many things Because we 167 00:08:47,240 --> 00:08:49,719 Speaker 1: weren't buying things for almost two years, so all of 168 00:08:49,760 --> 00:08:51,840 Speaker 1: a sudden, now we have the opportunity to do it. 169 00:08:52,200 --> 00:08:54,079 Speaker 1: So now they have to run the ports at seven 170 00:08:54,520 --> 00:08:56,839 Speaker 1: four at the run of every day, twenty four hours 171 00:08:56,840 --> 00:08:58,679 Speaker 1: a day to try to get all this stuff into 172 00:08:58,760 --> 00:09:02,200 Speaker 1: the country. Um. So, so, yeah, you're gonna have inflation, 173 00:09:02,240 --> 00:09:04,640 Speaker 1: there's no doubt about it. But it's gonna be temporary. 174 00:09:04,880 --> 00:09:06,520 Speaker 1: I mean, there are some things I think that are 175 00:09:06,559 --> 00:09:07,760 Speaker 1: going to go up, but I think it's going to 176 00:09:07,800 --> 00:09:11,040 Speaker 1: be ultimately a temporary issue. So yeah, when you talk 177 00:09:11,080 --> 00:09:12,520 Speaker 1: about it. We can also take a look at the 178 00:09:12,520 --> 00:09:16,160 Speaker 1: book at the the Trump days that well he lost 179 00:09:16,240 --> 00:09:19,760 Speaker 1: two million jobs, and you know, since um Biden has 180 00:09:19,800 --> 00:09:22,800 Speaker 1: been in office, he's created five million jobs. We yeah, 181 00:09:22,840 --> 00:09:25,400 Speaker 1: but that's a little unfair too because of you know, 182 00:09:25,480 --> 00:09:27,760 Speaker 1: the pandemic and now we have the boost because we're 183 00:09:27,760 --> 00:09:30,600 Speaker 1: coming out of the pandemic. So when the Republicans make 184 00:09:30,679 --> 00:09:33,080 Speaker 1: up these numbers and say, hey, look this is terrible 185 00:09:33,120 --> 00:09:35,600 Speaker 1: that the sky is falling, you know, put it in 186 00:09:35,640 --> 00:09:38,560 Speaker 1: the context of we're coming out of a pandemic here 187 00:09:38,600 --> 00:09:41,280 Speaker 1: when people haven't been spending money. Now they want to 188 00:09:41,320 --> 00:09:44,959 Speaker 1: spend money, and so yeah, you're you're gonna have inflationary um. 189 00:09:45,679 --> 00:09:47,520 Speaker 1: You know, you can have inflation. It's gonna be over 190 00:09:47,640 --> 00:09:50,840 Speaker 1: two percent. And you know, we gotta take a look 191 00:09:50,840 --> 00:09:52,880 Speaker 1: at we gotta make sure we don't um, you know, 192 00:09:52,920 --> 00:09:54,760 Speaker 1: do things to make it worse. But at the same time, 193 00:09:54,800 --> 00:09:58,840 Speaker 1: we also know it's gonna be temporary. Context and politics 194 00:09:58,920 --> 00:10:02,080 Speaker 1: usually don't go together. Congressman, that's that's very big of you. 195 00:10:03,240 --> 00:10:05,520 Speaker 1: Let me ask you about the situation in the border 196 00:10:05,559 --> 00:10:08,360 Speaker 1: because your district is is sitting right on the border 197 00:10:08,480 --> 00:10:12,000 Speaker 1: in California and San Diego and a lot of lawmakers 198 00:10:12,080 --> 00:10:14,880 Speaker 1: talk about this from very different parts of the country 199 00:10:14,880 --> 00:10:17,079 Speaker 1: as if they are experts. Will you actually are there? 200 00:10:17,640 --> 00:10:20,880 Speaker 1: And how much of a security worry is the border 201 00:10:21,000 --> 00:10:24,480 Speaker 1: right now? We have heard repeatedly, uh speaking of COVID, 202 00:10:24,520 --> 00:10:27,680 Speaker 1: that infected people are coming over, and frankly that that 203 00:10:27,880 --> 00:10:30,880 Speaker 1: undocumented people who could become from any place in the world, 204 00:10:31,040 --> 00:10:36,600 Speaker 1: including Afghanistan, could be crossing the border. Are those irresponsible 205 00:10:37,240 --> 00:10:41,480 Speaker 1: messages for you or is that actually happening? Completely irresponsible? 206 00:10:41,640 --> 00:10:43,640 Speaker 1: So I live on the border. I've lived my whole 207 00:10:43,679 --> 00:10:45,480 Speaker 1: life mostly on the board. I did study to be 208 00:10:45,520 --> 00:10:47,679 Speaker 1: a priest for a while, so I left it was 209 00:10:47,760 --> 00:10:50,040 Speaker 1: back east. But that being said, I spent most of 210 00:10:50,080 --> 00:10:52,960 Speaker 1: my time on the border. San Diego is one of 211 00:10:53,000 --> 00:10:57,560 Speaker 1: the safest cities in the nation. It always comes up 212 00:10:57,600 --> 00:10:59,880 Speaker 1: either one or two us the safest city, and the 213 00:11:00,040 --> 00:11:02,240 Speaker 1: city of San Diego's right on the border. I invite 214 00:11:02,240 --> 00:11:03,839 Speaker 1: you to come down and people and they come back 215 00:11:03,880 --> 00:11:06,520 Speaker 1: to I thought that there would be crime everything. Oh 216 00:11:06,559 --> 00:11:08,720 Speaker 1: that's the way they could sound like on Fox News 217 00:11:08,760 --> 00:11:11,280 Speaker 1: on purpose. But you come down there, it's a hell 218 00:11:11,360 --> 00:11:13,800 Speaker 1: of a nice place. Is it a different matter in Arizona? 219 00:11:13,920 --> 00:11:16,800 Speaker 1: Or Texas well. I you know, I don't know those 220 00:11:16,920 --> 00:11:19,079 Speaker 1: areas as well. Just to be frank, I mean I 221 00:11:19,520 --> 00:11:24,040 Speaker 1: am an expert in California, entire California Mexico border. I mean, 222 00:11:24,080 --> 00:11:26,040 Speaker 1: they can speak for themselves, so I don't know. I mean, 223 00:11:26,080 --> 00:11:28,439 Speaker 1: I I don't think so personally, but I don't know. 224 00:11:28,880 --> 00:11:31,240 Speaker 1: I can certainly speak for what I know, which is 225 00:11:31,679 --> 00:11:35,839 Speaker 1: my district, which was the entire California Mexico border. It 226 00:11:36,040 --> 00:11:40,360 Speaker 1: is extremely safe again San Diego one of the safest 227 00:11:40,600 --> 00:11:43,160 Speaker 1: large cities in the country. Um. You know when I 228 00:11:43,240 --> 00:11:45,400 Speaker 1: hear all these other people talking about crime in New 229 00:11:45,480 --> 00:11:48,559 Speaker 1: York every year that people talk about crimes of my 230 00:11:48,640 --> 00:11:53,880 Speaker 1: god in California, I think I smell a remote broadcast here. 231 00:11:53,920 --> 00:11:56,880 Speaker 1: We're putting in for the sound on remote from San Diego. 232 00:11:57,600 --> 00:12:00,000 Speaker 1: I hope you'll meet us there. Congressman One Vargus, Democrat 233 00:12:00,160 --> 00:12:04,400 Speaker 1: from California, Thanks for being here. You're listening to Bloomberg. 234 00:12:04,480 --> 00:12:10,360 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio headline 235 00:12:10,360 --> 00:12:14,439 Speaker 1: on the terminal scale back Biden plan risks weaker impacts 236 00:12:14,559 --> 00:12:18,520 Speaker 1: in mid term election. Boy, we're already looking ahead to 237 00:12:19,400 --> 00:12:21,480 Speaker 1: two and we should be as Mike Darning writes the 238 00:12:21,520 --> 00:12:24,240 Speaker 1: move by Democrats to shrink the president's vision for the 239 00:12:24,320 --> 00:12:28,840 Speaker 1: economy and a smaller packages, turning to a debate over 240 00:12:28,920 --> 00:12:31,520 Speaker 1: whether key benefits should be restricted to fewer need of 241 00:12:31,559 --> 00:12:35,680 Speaker 1: your families, potentially blunting both their impact and political support 242 00:12:35,720 --> 00:12:40,040 Speaker 1: in suburban districts that will be battle grounds in next 243 00:12:40,120 --> 00:12:43,439 Speaker 1: year's mid terms. A great piece of reporting if you 244 00:12:43,520 --> 00:12:45,439 Speaker 1: haven't already read it, and we want to bring in 245 00:12:45,480 --> 00:12:48,599 Speaker 1: the panel on this. Bloomberg Politics contributors Jeanie Chantano and 246 00:12:48,720 --> 00:12:51,439 Speaker 1: Rick Davis are with us. Great to have both of you. 247 00:12:52,200 --> 00:12:55,440 Speaker 1: As always. You just heard me talking to the congressman, 248 00:12:55,600 --> 00:13:00,240 Speaker 1: Congressman Vargas California about inflation. Talk to Rick Scott about 249 00:13:00,240 --> 00:13:04,559 Speaker 1: inflation yesterday, Republican from Florida. They do not agree, incidentally, 250 00:13:05,400 --> 00:13:09,280 Speaker 1: but listening to the messaging around this is fascinating to me. 251 00:13:11,120 --> 00:13:17,240 Speaker 1: This was Rick Scott just yesterday referring to the high 252 00:13:17,360 --> 00:13:22,480 Speaker 1: class problem that ron Klain tweeted about. Here. This is 253 00:13:22,520 --> 00:13:27,319 Speaker 1: gonna hang over him, I guess for some time. It 254 00:13:27,480 --> 00:13:30,520 Speaker 1: was a retweet by the way, high class problem said 255 00:13:30,600 --> 00:13:35,400 Speaker 1: the chief of staff. When it comes to inflation and 256 00:13:35,520 --> 00:13:37,439 Speaker 1: some of the things that we're thinking about. This is 257 00:13:37,559 --> 00:13:40,600 Speaker 1: Rick Scott on sound on food prices are up, gas 258 00:13:40,679 --> 00:13:42,839 Speaker 1: prices are people have to choose do I fill my 259 00:13:42,920 --> 00:13:45,080 Speaker 1: car to get to work or do I feed my kids? 260 00:13:45,240 --> 00:13:46,839 Speaker 1: That's what's going on in this country. I mean, the 261 00:13:46,880 --> 00:13:49,679 Speaker 1: Bide administration said it was a high class problem. We're 262 00:13:49,679 --> 00:13:51,840 Speaker 1: not talking about just Gucci bags going up. We're talking 263 00:13:51,840 --> 00:13:55,400 Speaker 1: about milk going up, gas going up. Most of the 264 00:13:55,480 --> 00:13:59,240 Speaker 1: economic problems we're facing. Was the tweet, are high class problems? 265 00:14:00,160 --> 00:14:03,520 Speaker 1: Jason Furman, Harvard professor, tweeted that. Ron Klein retweeted it 266 00:14:03,600 --> 00:14:08,480 Speaker 1: at the White House. Then we just heard today Congresswoman 267 00:14:08,559 --> 00:14:10,319 Speaker 1: at least Dephonic you heard at the top of the 268 00:14:10,360 --> 00:14:14,959 Speaker 1: program the Biden administration only sees the skyrocketing inflation numbers 269 00:14:15,040 --> 00:14:19,120 Speaker 1: as quote high class problems. So, Rick Davis, when it 270 00:14:19,240 --> 00:14:23,040 Speaker 1: comes to messaging like this, when the talking point cards 271 00:14:23,160 --> 00:14:27,720 Speaker 1: go out, who's making these decisions? Where do they coalesce 272 00:14:27,800 --> 00:14:30,120 Speaker 1: around a phrase like that? And is that going to 273 00:14:30,240 --> 00:14:33,280 Speaker 1: be the phrase that sticks for the mid terms? Yeah, Well, 274 00:14:33,880 --> 00:14:37,400 Speaker 1: certainly every single one of these folks, whether it's at 275 00:14:37,440 --> 00:14:40,800 Speaker 1: least Stephonic or Senator Scott have polsters who worked for 276 00:14:40,840 --> 00:14:43,680 Speaker 1: them NonStop, and they're part of their campaign apparatus, and 277 00:14:43,720 --> 00:14:48,120 Speaker 1: they're even part of their Senate and House deliberations on policy, 278 00:14:48,400 --> 00:14:51,800 Speaker 1: and everything is poll tested. And when they hear somebody 279 00:14:51,880 --> 00:14:54,200 Speaker 1: like Ron Klein, the chief of staff the President Nited 280 00:14:54,200 --> 00:14:57,360 Speaker 1: State retweet a a comment that you know inflation is 281 00:14:57,440 --> 00:15:00,240 Speaker 1: high class problem, you don't have to get the hold 282 00:15:00,240 --> 00:15:02,760 Speaker 1: back from the field to know that that's going to 283 00:15:02,840 --> 00:15:05,880 Speaker 1: be something you want to jump on. And so there, 284 00:15:06,240 --> 00:15:09,680 Speaker 1: I'm sure those calls got going literally a nanosecond after 285 00:15:09,760 --> 00:15:13,280 Speaker 1: that got retweeted, and it's like, pounce on this. I mean, 286 00:15:13,680 --> 00:15:17,040 Speaker 1: the Republicans have a great game plan. They're talking about immigration, 287 00:15:17,080 --> 00:15:18,960 Speaker 1: they're talking about the new I R S rules, are 288 00:15:18,960 --> 00:15:22,360 Speaker 1: talking about green energy provisions, but they are also talking 289 00:15:22,480 --> 00:15:26,920 Speaker 1: now today about inflation because the Biden administration has given 290 00:15:26,920 --> 00:15:29,480 Speaker 1: them an opening. Whether it lasts the weekend, it doesn't 291 00:15:29,480 --> 00:15:31,480 Speaker 1: even matter. This is going to drive news for the 292 00:15:31,560 --> 00:15:34,160 Speaker 1: next four seventy two hours. Okay, or Genie, I want 293 00:15:34,160 --> 00:15:35,840 Speaker 1: you to take a walk with me here on this one. 294 00:15:36,400 --> 00:15:38,760 Speaker 1: I am fascinated by this whole conversation. To take a 295 00:15:38,800 --> 00:15:42,760 Speaker 1: walk back to say Hillary Clinton's campaign against Donald Trump, 296 00:15:42,840 --> 00:15:46,160 Speaker 1: remember this. You can put half of Trump's supporters into 297 00:15:46,240 --> 00:15:51,440 Speaker 1: what I call the basket of deplorable. How many times 298 00:15:51,480 --> 00:15:59,480 Speaker 1: did we hear right that? Oh yeah, right, the racist, sexist, homophobic, xenophobic, 299 00:16:00,400 --> 00:16:07,200 Speaker 1: is lamophobic, you name it. And unfortunately there are people 300 00:16:07,280 --> 00:16:10,000 Speaker 1: like that well, and people like Rick said, who were 301 00:16:10,040 --> 00:16:12,800 Speaker 1: pulling on this stuff and turning it into talking points. 302 00:16:12,840 --> 00:16:18,920 Speaker 1: How about President Obama, somebody helped to quit this unbelievable 303 00:16:19,040 --> 00:16:21,720 Speaker 1: American system that we had that allowed you to thrive. 304 00:16:21,880 --> 00:16:24,520 Speaker 1: Wait for it, somebody invest in roads and bridges. If 305 00:16:24,560 --> 00:16:28,360 Speaker 1: you've got a business that you didn't build, that somebody 306 00:16:28,440 --> 00:16:32,760 Speaker 1: else made that happen. You didn't build that basket of deplorables. 307 00:16:33,120 --> 00:16:36,360 Speaker 1: High class problem, Genie. This is how Washington works, right 308 00:16:37,200 --> 00:16:40,240 Speaker 1: it is. And and since we want to make it bipartisan, 309 00:16:40,360 --> 00:16:43,720 Speaker 1: let's not forget like Romney's binders full of women, They've 310 00:16:43,760 --> 00:16:47,480 Speaker 1: got them on both sides. Um, you know, I would 311 00:16:47,560 --> 00:16:49,760 Speaker 1: just say that in this case, unlike in the case 312 00:16:49,840 --> 00:16:52,960 Speaker 1: of Romney or Clinton or Obama, you have the chief 313 00:16:53,040 --> 00:16:55,840 Speaker 1: of staff. So I think it's a real sort of 314 00:16:56,560 --> 00:17:00,280 Speaker 1: error on his part to be retweeting. This is why 315 00:17:00,360 --> 00:17:02,920 Speaker 1: they say be very very careful and stay off Twitter. 316 00:17:03,000 --> 00:17:05,560 Speaker 1: This is not something that Joe Biden said, This is 317 00:17:05,640 --> 00:17:08,400 Speaker 1: something his chief of staff said. But you know, let's 318 00:17:08,480 --> 00:17:12,520 Speaker 1: take a step back. The Republicans want to frame themselves 319 00:17:13,000 --> 00:17:16,800 Speaker 1: as concerned and and many of them are about people, 320 00:17:17,440 --> 00:17:19,919 Speaker 1: you know, in the working class. But let's look at 321 00:17:19,960 --> 00:17:22,840 Speaker 1: the policies coming forward. And this is what Democrats have 322 00:17:23,040 --> 00:17:26,639 Speaker 1: to do. The one thing the Republicans did when they 323 00:17:26,840 --> 00:17:30,320 Speaker 1: took the White House and had Congress is they passed 324 00:17:30,600 --> 00:17:34,520 Speaker 1: tax cuts for the wealthy. You have Democrats here now 325 00:17:34,680 --> 00:17:37,160 Speaker 1: and it doesn't look pretty. It's a lot of sausage making. 326 00:17:37,400 --> 00:17:40,200 Speaker 1: But what they are working on is trying to pull 327 00:17:40,320 --> 00:17:43,040 Speaker 1: that back and to do the work that is needed 328 00:17:43,280 --> 00:17:46,800 Speaker 1: for all Americans, including the lower in the middle classes. 329 00:17:46,840 --> 00:17:49,720 Speaker 1: I mean, that's why we are debating things like extending 330 00:17:49,760 --> 00:17:54,600 Speaker 1: the child tax credit, you know, issues involving paid family leave. 331 00:17:55,080 --> 00:17:58,040 Speaker 1: So Democrats have to get back on their message, which 332 00:17:58,160 --> 00:18:00,439 Speaker 1: is their focus is on the lower in the middle classes. 333 00:18:00,520 --> 00:18:03,720 Speaker 1: The President has promised not to increase taxes above a 334 00:18:03,800 --> 00:18:07,119 Speaker 1: certain amount, and Republicans can make this case about inflation, 335 00:18:07,160 --> 00:18:10,280 Speaker 1: and I think inflation is critically important. But Democrats can 336 00:18:10,359 --> 00:18:12,760 Speaker 1: respond to this, and they have to show that they 337 00:18:12,800 --> 00:18:17,240 Speaker 1: are really focused on inflation as well high class problem. Wrick. 338 00:18:17,280 --> 00:18:20,320 Speaker 1: It's exactly the opposite of what Joe Biden is calling 339 00:18:20,400 --> 00:18:24,359 Speaker 1: this as he travels to Scranton today. This is gonna 340 00:18:24,400 --> 00:18:28,480 Speaker 1: be a topic. But look, get Ron Klaine off of Twitter. 341 00:18:28,760 --> 00:18:30,960 Speaker 1: That's the number one job of the White House today. 342 00:18:31,520 --> 00:18:33,840 Speaker 1: If you listen to this broadcast, you already know COVID 343 00:18:33,960 --> 00:18:37,800 Speaker 1: vaccine mandates, or as the White House calls them, requirements, 344 00:18:38,920 --> 00:18:43,840 Speaker 1: have become politicized. Listen to Florida Governor Rhonda Santis. We 345 00:18:43,960 --> 00:18:47,199 Speaker 1: are gonna stand for the men and women who are 346 00:18:47,320 --> 00:18:51,000 Speaker 1: serving us. We're going to protect Florida jobs. We are 347 00:18:51,080 --> 00:18:56,159 Speaker 1: not going to let people be fired because of that 348 00:18:56,240 --> 00:19:00,399 Speaker 1: goes over big for a Republican to push back on 349 00:19:00,560 --> 00:19:04,720 Speaker 1: President Biden who says, get out of my way, and 350 00:19:04,800 --> 00:19:08,120 Speaker 1: it brings us to the COVID States projects on governor's 351 00:19:08,200 --> 00:19:12,120 Speaker 1: approval ratings. Fascinating bit of research I want to talk 352 00:19:12,160 --> 00:19:15,600 Speaker 1: about today with Alana Sophopore, Fellow at the Harvard Kennedy 353 00:19:15,680 --> 00:19:19,520 Speaker 1: School Shorenstein Center on Media, Politics and Public Policy. Alanta, 354 00:19:19,600 --> 00:19:23,240 Speaker 1: thank you for being here. We're looking at some pretty 355 00:19:23,440 --> 00:19:27,040 Speaker 1: strong trends when it comes to the way these mandates 356 00:19:27,119 --> 00:19:29,520 Speaker 1: or requirements, depending on how you want to call them, 357 00:19:29,880 --> 00:19:35,040 Speaker 1: are actually impacting the governor's approval ratings. Can we start 358 00:19:35,119 --> 00:19:37,320 Speaker 1: with what's happening in the state of Florida, since we 359 00:19:37,480 --> 00:19:42,560 Speaker 1: just heard from Rhonda Santis? How's it? How's it cutting there? Sure? Absolutely? UM, 360 00:19:42,640 --> 00:19:46,639 Speaker 1: thank you so much for having me. So. Florida is 361 00:19:47,280 --> 00:19:51,000 Speaker 1: one of a couple of states that really exemplify a 362 00:19:51,160 --> 00:19:54,720 Speaker 1: trend that we've seen across the country, which is that 363 00:19:55,200 --> 00:20:00,159 Speaker 1: governors of states with prohibitions on vaccine mandates. It in 364 00:20:00,280 --> 00:20:03,480 Speaker 1: states that don't have vaccine mandates in place, they actually 365 00:20:03,520 --> 00:20:07,600 Speaker 1: received the lowest approval rating on their handling of the pandemic, 366 00:20:08,320 --> 00:20:13,159 Speaker 1: But in states with vaccine mandates um, those governors actually 367 00:20:13,240 --> 00:20:17,600 Speaker 1: received significantly higher marks. So that's a real trend here. 368 00:20:17,640 --> 00:20:21,960 Speaker 1: Why why then, does there's a Rhonda Santis assume it's 369 00:20:22,000 --> 00:20:27,359 Speaker 1: good politics to oppose the mandate? Uh, you know, I 370 00:20:27,520 --> 00:20:29,760 Speaker 1: don't know. I think I think honestly, we're one of 371 00:20:29,840 --> 00:20:35,800 Speaker 1: the first teams to book at governor approval across state policies, 372 00:20:35,920 --> 00:20:38,720 Speaker 1: so it might have been Uh, did you find the 373 00:20:38,760 --> 00:20:43,280 Speaker 1: same in techotical calculation, um that they were just apparently 374 00:20:43,359 --> 00:20:47,600 Speaker 1: wrong about? Um? Did you find the same in Texas. Yep, 375 00:20:48,080 --> 00:20:50,960 Speaker 1: we saw the same thing in Texas. So we've seen 376 00:20:51,520 --> 00:20:56,080 Speaker 1: approval of state governors decline really across the board since June. 377 00:20:56,400 --> 00:21:01,160 Speaker 1: It UM governor and presidential approval has so far been 378 00:21:01,320 --> 00:21:06,840 Speaker 1: tracking pretty closely with surge in cases associated with coronavirus UM. 379 00:21:07,040 --> 00:21:09,359 Speaker 1: So so we did see a decline across the board, 380 00:21:09,640 --> 00:21:14,040 Speaker 1: but we saw the steepest decline in states where UM 381 00:21:14,160 --> 00:21:18,040 Speaker 1: public policies weren't in place to combat the virus. And 382 00:21:18,200 --> 00:21:22,680 Speaker 1: so we saw UM you know in Florida and in 383 00:21:22,800 --> 00:21:26,159 Speaker 1: Texas that governor approval is very low, only about a 384 00:21:26,320 --> 00:21:30,399 Speaker 1: third of state residents approved, and there was also a 385 00:21:30,440 --> 00:21:34,119 Speaker 1: steep decline. We saw nine percentage point decline since our 386 00:21:34,240 --> 00:21:38,160 Speaker 1: last survey conducted in June UM for both to sciantists 387 00:21:38,200 --> 00:21:40,960 Speaker 1: and abbot. Just to be clear, are these overall approval 388 00:21:41,119 --> 00:21:43,680 Speaker 1: ratings that that you're describing a lot? Are these approval 389 00:21:43,800 --> 00:21:47,000 Speaker 1: ratings on specifically how this governor or how these governors 390 00:21:47,040 --> 00:21:50,560 Speaker 1: are handling COVID. Oh it's UM. Thanks for qualifying that 391 00:21:50,680 --> 00:21:54,000 Speaker 1: that these are approval ratings with respect to their handling 392 00:21:54,040 --> 00:21:57,600 Speaker 1: of the pandemic. So so they could be generally popular 393 00:21:57,720 --> 00:22:00,160 Speaker 1: even with low marks on the pandemic. Is that's here 394 00:22:00,200 --> 00:22:03,200 Speaker 1: to say, Um, it's possible. And you know, we don't 395 00:22:03,280 --> 00:22:06,800 Speaker 1: ask about overall governor approval ratings, but we do ask 396 00:22:06,880 --> 00:22:11,840 Speaker 1: about overall presidential approval rating and UM handling of the pandemic, 397 00:22:11,880 --> 00:22:15,320 Speaker 1: and we've seen that those have since we started pulling 398 00:22:15,720 --> 00:22:20,640 Speaker 1: back in April, that they do track quite closely. UM. 399 00:22:21,280 --> 00:22:23,920 Speaker 1: So I think that the COVID approval is a different 400 00:22:24,000 --> 00:22:26,640 Speaker 1: barometer of where they stand. And how about in Virginia. 401 00:22:27,680 --> 00:22:29,400 Speaker 1: I sorry to interrupt the lone. I asked you about 402 00:22:29,440 --> 00:22:31,399 Speaker 1: Virginia because there's a big governor's race there and I 403 00:22:31,480 --> 00:22:34,600 Speaker 1: just wonder if it gives us any foreshadowing into what 404 00:22:34,720 --> 00:22:37,440 Speaker 1: we may learn in a couple of weeks. Yeah, So 405 00:22:37,760 --> 00:22:40,720 Speaker 1: Virginia was kind of an interesting case. It was one 406 00:22:40,760 --> 00:22:44,440 Speaker 1: of the states that bucked the trend. So Virginia has 407 00:22:44,480 --> 00:22:48,480 Speaker 1: a requirement that state employees provide proof of vaccination or 408 00:22:48,720 --> 00:22:52,879 Speaker 1: undergo weekly testing for COVID, and that was a mandate 409 00:22:52,920 --> 00:22:57,639 Speaker 1: put in place UM September one. But we saw significant 410 00:22:57,680 --> 00:23:01,720 Speaker 1: declines in UM Gralph Northern's handling of the pandemic from 411 00:23:01,960 --> 00:23:06,360 Speaker 1: sixty who approved in June down to fort who approved 412 00:23:06,400 --> 00:23:11,119 Speaker 1: in September. Now, a possible explanation is that Virginians might 413 00:23:11,160 --> 00:23:15,080 Speaker 1: not think um that the state's vaccine mandate went far enough. 414 00:23:15,960 --> 00:23:20,720 Speaker 1: So seventy seven percent of Virginians approved of requiring doctors 415 00:23:20,760 --> 00:23:25,040 Speaker 1: and nurses to get a COVID nineteen vaccine. Now, considering 416 00:23:25,080 --> 00:23:28,800 Speaker 1: the state doesn't currently require this, this maybe one avenue 417 00:23:28,880 --> 00:23:32,080 Speaker 1: for north umb or for the current coupmatorial candidates to 418 00:23:32,359 --> 00:23:38,160 Speaker 1: increase support among Virginians by requiring medical professionals to get vaccinated. 419 00:23:38,800 --> 00:23:43,000 Speaker 1: And I shall also note that nationally, um of American 420 00:23:43,040 --> 00:23:46,040 Speaker 1: supports is policy, so this is this high support is 421 00:23:46,119 --> 00:23:49,640 Speaker 1: not anomalous at all for Virginians. This is really something 422 00:23:49,720 --> 00:23:51,960 Speaker 1: that we've seen across the board, and we've seen a 423 00:23:52,040 --> 00:23:57,200 Speaker 1: lot of states controlled by Democrats do have enacted vaccine 424 00:23:57,240 --> 00:24:00,520 Speaker 1: mandates for healthcare workers, and in those states actually saw 425 00:24:00,640 --> 00:24:04,119 Speaker 1: less of a decline and approval associated with the delta surge. 426 00:24:04,359 --> 00:24:06,040 Speaker 1: So a lot of are there are there trends when 427 00:24:06,080 --> 00:24:08,080 Speaker 1: it comes to parties. I think there is a general 428 00:24:08,160 --> 00:24:11,280 Speaker 1: perception that Republican governors don't like mandates and Democrats do. 429 00:24:11,480 --> 00:24:15,960 Speaker 1: Is that unfair? That's that's not unfair at all. That's 430 00:24:16,080 --> 00:24:19,920 Speaker 1: that's that's what you found. M We do. We do 431 00:24:20,040 --> 00:24:25,800 Speaker 1: find that Republican governors of UM historically blue states, uh 432 00:24:26,240 --> 00:24:29,320 Speaker 1: do do have vaccine mandates in place. You know, we 433 00:24:29,680 --> 00:24:31,960 Speaker 1: see that in Maryland, for instance, and a couple other 434 00:24:32,040 --> 00:24:36,679 Speaker 1: states like that. But general, Yes, she's a fellow at 435 00:24:36,680 --> 00:24:40,040 Speaker 1: Harvard Kennedy School, Shorenstein Center on Media, Politics and Public Policy. 436 00:24:40,040 --> 00:24:41,560 Speaker 1: A lot of thank you for being with us and 437 00:24:41,640 --> 00:24:46,000 Speaker 1: helping to digest these numbers coming up. We reassemble the panel, 438 00:24:46,080 --> 00:24:48,120 Speaker 1: Rick and Genie as I mentioned, with us for the hour. 439 00:24:48,680 --> 00:24:52,640 Speaker 1: As President Biden leaves Washington. Yeah, we're going back to Scranton. 440 00:24:53,560 --> 00:24:55,760 Speaker 1: My name is Joe Biden, and I am Joe Biden's 441 00:24:55,840 --> 00:25:00,679 Speaker 1: husband and Jane Finning and son from North will in Avenue, 442 00:25:00,800 --> 00:25:02,680 Speaker 1: and I'm happy to be home. Well that's how we 443 00:25:02,720 --> 00:25:06,160 Speaker 1: do it. You know, it's presumption for me to say home. 444 00:25:06,240 --> 00:25:09,480 Speaker 1: I know so many people you know are from Scranton. 445 00:25:10,600 --> 00:25:14,520 Speaker 1: It sure seems like it is anyone here not from Scranton. 446 00:25:15,160 --> 00:25:17,840 Speaker 1: Don't raise your hand. We'll talk to Jennie and Rick 447 00:25:17,920 --> 00:25:22,480 Speaker 1: next as we reassemble the panel. On sound on, you're 448 00:25:22,560 --> 00:25:26,520 Speaker 1: listening to Bloomberg you sound on with Joe Matthew on 449 00:25:26,800 --> 00:25:32,400 Speaker 1: Bloomberg Radio. So yeah, it's on to Scranton, Pennsylvania. President 450 00:25:32,480 --> 00:25:35,000 Speaker 1: Biden heading back to his childhood at home to make 451 00:25:35,119 --> 00:25:38,879 Speaker 1: the case for his economic agenda and as usual, asked 452 00:25:38,920 --> 00:25:41,760 Speaker 1: about it by reporters as he was making his way 453 00:25:41,840 --> 00:25:45,280 Speaker 1: from the Oval Office to Marine One, the helicopter buzzing 454 00:25:45,320 --> 00:25:47,600 Speaker 1: there on the south lawn, and he did stop at 455 00:25:47,640 --> 00:25:50,040 Speaker 1: the rope line for a moment when asked if there's 456 00:25:50,040 --> 00:25:54,000 Speaker 1: gonna be a deal here on infrastructure reconciliation is overall 457 00:25:54,080 --> 00:25:57,240 Speaker 1: economic agenda? What's the deal? Mr President? You all never 458 00:25:57,320 --> 00:26:00,200 Speaker 1: believed from the beginning it every day anything done. I 459 00:26:00,359 --> 00:26:03,600 Speaker 1: think we're going to do. I'm not sure everyone believed that, 460 00:26:03,720 --> 00:26:06,840 Speaker 1: but there you have it. And making a speech now 461 00:26:07,359 --> 00:26:12,880 Speaker 1: to his former towns members. Went to scrant a couple 462 00:26:12,880 --> 00:26:16,040 Speaker 1: of times during the campaign as well, speaking before an 463 00:26:16,040 --> 00:26:18,280 Speaker 1: American flag, has got the suit on and doing his thing. 464 00:26:18,800 --> 00:26:22,760 Speaker 1: As we bring the panel back Bloomberg Politics contributors Genie 465 00:26:22,880 --> 00:26:27,600 Speaker 1: Chantano and Rick Davis, Genie, is this effective as Republicans, 466 00:26:27,640 --> 00:26:30,120 Speaker 1: and we talked about this earlier in the hour, try 467 00:26:30,160 --> 00:26:33,240 Speaker 1: to attack President Biden on inflation, try to tie him 468 00:26:33,280 --> 00:26:37,120 Speaker 1: to higher prices and talk about that high class problem 469 00:26:37,240 --> 00:26:40,960 Speaker 1: that Ron Klaine retweeted, going back to the old town 470 00:26:41,080 --> 00:26:43,960 Speaker 1: talking to those working class people. Is that an effective strategy. 471 00:26:44,560 --> 00:26:47,240 Speaker 1: You can't go wrong going to Scranton, especially if you're 472 00:26:47,320 --> 00:26:50,280 Speaker 1: Joe Biden. So this is a good day for Joe Biden. 473 00:26:50,760 --> 00:26:54,480 Speaker 1: Look at we saw these meetings yesterday. I think everybody 474 00:26:54,560 --> 00:26:57,480 Speaker 1: that came out of them seemed a lot more optimistic 475 00:26:58,040 --> 00:27:02,000 Speaker 1: that they were closer to a deal then perhaps anybody recognized. 476 00:27:02,320 --> 00:27:04,640 Speaker 1: The President I think is moving in the right direction 477 00:27:04,760 --> 00:27:07,720 Speaker 1: now that he is making a much more reasonable pitch 478 00:27:07,800 --> 00:27:10,160 Speaker 1: at you know, between one point seven five and one 479 00:27:10,240 --> 00:27:14,240 Speaker 1: point nine trillion dollars. Obviously it depends on what's in 480 00:27:14,359 --> 00:27:16,760 Speaker 1: and out, and we're starting to hear that. But the 481 00:27:16,840 --> 00:27:19,360 Speaker 1: President is doing what the president has to do. He's 482 00:27:19,400 --> 00:27:21,440 Speaker 1: got to use the power of the bully pulpit. We 483 00:27:21,520 --> 00:27:24,920 Speaker 1: saw him doing that yesterday, arm twisting these you know, 484 00:27:25,080 --> 00:27:28,359 Speaker 1: senators and representatives and going out to the public today 485 00:27:28,440 --> 00:27:31,399 Speaker 1: and Scranton and making the case for this bill. And 486 00:27:31,760 --> 00:27:33,639 Speaker 1: what I'm hoping that we hear more of than I 487 00:27:33,720 --> 00:27:36,040 Speaker 1: think we're starting to is not just the top line, 488 00:27:36,400 --> 00:27:38,679 Speaker 1: but what it's going to do for the people of Scranton. 489 00:27:38,720 --> 00:27:40,920 Speaker 1: And the people across the country. That's what the president 490 00:27:41,000 --> 00:27:43,040 Speaker 1: has got to focus on. So I think he's got 491 00:27:43,160 --> 00:27:45,720 Speaker 1: to feel at least better about where he is today 492 00:27:45,800 --> 00:27:48,240 Speaker 1: than where he was, say forty eight hours ago. Are 493 00:27:48,280 --> 00:27:50,120 Speaker 1: you rolling your eyes here, Rick, or would you tell 494 00:27:50,280 --> 00:27:53,560 Speaker 1: President Biden go to Scranton make the case there? You know, 495 00:27:53,640 --> 00:27:55,960 Speaker 1: I think this is just convenient. I mean, Pennsylvania is 496 00:27:55,960 --> 00:27:58,800 Speaker 1: a great place to go, the any area around that 497 00:27:58,920 --> 00:28:01,920 Speaker 1: Lehigh Valley and and you know as a swing area 498 00:28:02,000 --> 00:28:04,560 Speaker 1: in the state. Uh, he's got his eye on not 499 00:28:04,720 --> 00:28:07,680 Speaker 1: just the mid terms but also on the elections in 500 00:28:08,960 --> 00:28:11,560 Speaker 1: so sure, yeah, I wouldn't I wouldn't doubt Scranting it. 501 00:28:11,760 --> 00:28:14,800 Speaker 1: Lets him be you know, Uncle Joe again, which we 502 00:28:14,840 --> 00:28:17,000 Speaker 1: haven't seen Uncle Joe show up in a long time. 503 00:28:17,200 --> 00:28:19,359 Speaker 1: And that was the whole theme at today's talk. But 504 00:28:19,720 --> 00:28:21,680 Speaker 1: the bottom line is, I think they're really focused on 505 00:28:21,880 --> 00:28:25,399 Speaker 1: democratic politics, right. How do we push this over the line, 506 00:28:25,400 --> 00:28:27,760 Speaker 1: how do we take credit for it with these constituents 507 00:28:28,440 --> 00:28:32,119 Speaker 1: in places like Scranton. They can ignore the Republicans, they 508 00:28:32,119 --> 00:28:33,959 Speaker 1: don't need their votes for any of this stuff. They 509 00:28:34,720 --> 00:28:37,040 Speaker 1: they can let them just go out and and try 510 00:28:37,160 --> 00:28:41,480 Speaker 1: to define this their way. But this is a Democrat issue. Uh, 511 00:28:41,560 --> 00:28:44,080 Speaker 1: They're going to go to Democrat places and and they're 512 00:28:44,080 --> 00:28:47,440 Speaker 1: gonna talk like Democrats to try and get support for 513 00:28:47,520 --> 00:28:49,520 Speaker 1: this and make Democrats in the House and the Senate 514 00:28:49,600 --> 00:28:51,880 Speaker 1: feel comfortable with this. That is the number one job 515 00:28:51,960 --> 00:28:53,960 Speaker 1: that Joe Biden's got to do. And as Genie said, 516 00:28:54,400 --> 00:28:56,880 Speaker 1: he's got the bully pulpit to do it. He used 517 00:28:56,920 --> 00:28:59,200 Speaker 1: the White House in the Oval Office to try and 518 00:28:59,240 --> 00:29:01,920 Speaker 1: get everybody act off of their hardcore positions, and I 519 00:29:02,000 --> 00:29:04,480 Speaker 1: think they've been successful. And so now it's a matter 520 00:29:04,520 --> 00:29:07,080 Speaker 1: of running to the finish line. His operatives on the 521 00:29:07,200 --> 00:29:09,400 Speaker 1: Hill are working to get a deal while he goes 522 00:29:09,400 --> 00:29:11,560 Speaker 1: out and sells it to the American people. Don't heard 523 00:29:11,640 --> 00:29:13,880 Speaker 1: him be called Uncle Joe in a while. He must 524 00:29:13,960 --> 00:29:17,080 Speaker 1: miss that. Not to mention and track Joe in the 525 00:29:17,160 --> 00:29:20,640 Speaker 1: billback Better Plan. I got more money for passenger rail 526 00:29:20,720 --> 00:29:23,600 Speaker 1: than the entire Amtrak system costs to begin with. He's 527 00:29:23,600 --> 00:29:28,160 Speaker 1: speaking right now, Jennie. It's it's interesting. As we heard yesterday, 528 00:29:28,400 --> 00:29:31,160 Speaker 1: Senator Rick Scott was on the program. I interviewed him 529 00:29:31,160 --> 00:29:33,400 Speaker 1: on Capitol Hill and he talked about growing up poor. 530 00:29:34,120 --> 00:29:37,440 Speaker 1: What is poor grandmother would have said about this? Inflation, 531 00:29:37,560 --> 00:29:40,000 Speaker 1: these high prices that used to be Joe Biden's act. 532 00:29:42,320 --> 00:29:44,880 Speaker 1: That's right, that that's right, and you know that I 533 00:29:45,200 --> 00:29:48,680 Speaker 1: I do believe that the President has tried to talk 534 00:29:48,720 --> 00:29:52,280 Speaker 1: about this issue of inflation. His hands, as we've talked about, 535 00:29:52,400 --> 00:29:54,520 Speaker 1: or a bit tied in terms of what he can do. 536 00:29:55,200 --> 00:29:58,080 Speaker 1: But you know, I think it's unfortunate the retweeting on 537 00:29:58,240 --> 00:30:02,160 Speaker 1: ron Klain's part. Democrats have got to know that that's 538 00:30:02,240 --> 00:30:04,680 Speaker 1: what hits people in the pocketbook. When you go into 539 00:30:04,720 --> 00:30:06,800 Speaker 1: the grocery store. I was just there the other day, 540 00:30:07,120 --> 00:30:09,000 Speaker 1: and the shelves are less full. When you go to 541 00:30:09,040 --> 00:30:11,920 Speaker 1: buy a car and there's less to be offered, and 542 00:30:12,000 --> 00:30:15,080 Speaker 1: the prices are higher. These are things that hit all people, 543 00:30:15,240 --> 00:30:18,360 Speaker 1: not just the wealthy. Democrats know that the president's got 544 00:30:18,480 --> 00:30:20,959 Speaker 1: to get back on that message. But he's also got 545 00:30:21,040 --> 00:30:23,880 Speaker 1: to sell this build back better plan, and he's out 546 00:30:23,920 --> 00:30:27,160 Speaker 1: there trying to do that. Rick Davis. President Biden also 547 00:30:27,240 --> 00:30:30,240 Speaker 1: needs to sell a couple of ambassadors to the United 548 00:30:30,280 --> 00:30:33,280 Speaker 1: States Senate, beginning with Nicholas Burns. The President's no no 549 00:30:33,400 --> 00:30:37,120 Speaker 1: need to be US Ambassador to China. Burns calls for 550 00:30:37,200 --> 00:30:40,840 Speaker 1: a mix of competition and cooperation. The headline on Bloomberg. 551 00:30:40,960 --> 00:30:46,360 Speaker 1: He was asked in his hearing today in the United 552 00:30:46,400 --> 00:30:49,320 Speaker 1: States Senate about the Wuhan lab the Chinese government will 553 00:30:49,520 --> 00:30:53,080 Speaker 1: withheld information very clearly from their own people and the 554 00:30:53,160 --> 00:30:55,920 Speaker 1: rest of the world for about a month in late 555 00:30:56,000 --> 00:31:00,640 Speaker 1: December and January. I have consistently criticized it's the Chinese 556 00:31:00,720 --> 00:31:03,280 Speaker 1: government for that, and they deserve to be criticized, and 557 00:31:03,360 --> 00:31:07,680 Speaker 1: they've been stonewalling all of us around the world since January. 558 00:31:08,680 --> 00:31:11,760 Speaker 1: He said, Beijing exploits trade rules at the expense of 559 00:31:11,800 --> 00:31:15,640 Speaker 1: American business and workers, intimidates its neighbors, and his smothering 560 00:31:15,760 --> 00:31:18,600 Speaker 1: democracy in Hong Kong. Is he is he hitting all 561 00:31:18,640 --> 00:31:21,360 Speaker 1: the right notes? Because there has been some Republican pushback 562 00:31:21,440 --> 00:31:24,400 Speaker 1: on this nomination. Rick, Yeah, absolutely. I mean you know, 563 00:31:24,480 --> 00:31:29,400 Speaker 1: we've talked about that on this show. Many Yeah. I'm 564 00:31:29,720 --> 00:31:34,480 Speaker 1: that's oh gosh, all right. Um well, anyway, Uh, the 565 00:31:34,560 --> 00:31:38,200 Speaker 1: one unifier on Capitol Hill is bash in China, Republicans 566 00:31:38,280 --> 00:31:40,360 Speaker 1: do it, Democrats do it. He's got to get right 567 00:31:40,440 --> 00:31:43,360 Speaker 1: with some of these votes. It'll it'll resonate with people 568 00:31:43,400 --> 00:31:45,560 Speaker 1: like Ted Cruz have been putting holds on these folks. 569 00:31:45,840 --> 00:31:47,479 Speaker 1: So I think he I think he took a very 570 00:31:47,520 --> 00:31:50,560 Speaker 1: aggressive tone, and that is the sharp point of the 571 00:31:50,600 --> 00:31:53,360 Speaker 1: sphere within the Biden administration right now on their treatment 572 00:31:53,400 --> 00:31:55,920 Speaker 1: of China. They're pushing back hard, and I think that 573 00:31:56,160 --> 00:31:59,880 Speaker 1: that echoes their policy, but also it echoes a lot 574 00:32:00,000 --> 00:32:02,600 Speaker 1: of support within the Republican Party who want to see 575 00:32:02,720 --> 00:32:06,080 Speaker 1: a more aggressive approach by the Biden administration. Sorry, I 576 00:32:06,160 --> 00:32:07,760 Speaker 1: missed you a couple of words there. Does does this 577 00:32:08,000 --> 00:32:10,680 Speaker 1: move the Ted Cruises though? Or there's always going to 578 00:32:10,720 --> 00:32:13,320 Speaker 1: be some pushback on a nomination from Joe Biden. You know, 579 00:32:13,960 --> 00:32:16,120 Speaker 1: He's always going to push back on some nominations by 580 00:32:16,200 --> 00:32:18,720 Speaker 1: Joe Biden. Although he did not put a hold on 581 00:32:18,880 --> 00:32:22,240 Speaker 1: Sydney McCain, who got voted out of committee last night 582 00:32:22,680 --> 00:32:25,240 Speaker 1: and got hotline for the floor today. So there will 583 00:32:25,320 --> 00:32:28,640 Speaker 1: be progress, but not everybody can be Sydney McCain and 584 00:32:28,760 --> 00:32:32,240 Speaker 1: so on issues like this and thirty other ambassadors. Ted 585 00:32:32,280 --> 00:32:35,200 Speaker 1: Cruise has been a problem, and I think the administration 586 00:32:35,320 --> 00:32:36,760 Speaker 1: is going to have to figure out that they just 587 00:32:36,840 --> 00:32:39,680 Speaker 1: got to run these through regular order bypass the hold 588 00:32:39,880 --> 00:32:44,080 Speaker 1: and let let let Majority Leader Schumer really run rough 589 00:32:44,120 --> 00:32:45,680 Speaker 1: shot on the floor of the Senate to get these 590 00:32:45,760 --> 00:32:51,120 Speaker 1: nominations actually cleared. Shouldn't stop them from becoming ambassadors because 591 00:32:51,200 --> 00:32:53,920 Speaker 1: they have the ways and means to do it. But 592 00:32:54,400 --> 00:32:56,200 Speaker 1: but they got to say that that's what that's what 593 00:32:56,280 --> 00:32:58,920 Speaker 1: they're gonna use floor very valuable floor time to do. 594 00:32:59,440 --> 00:33:02,400 Speaker 1: We do need an envoy to Beijing at this point 595 00:33:02,520 --> 00:33:04,440 Speaker 1: in the game here, Genie, just a couple of days ago, 596 00:33:04,920 --> 00:33:07,560 Speaker 1: we were talking about this hypersonic missile that nobody knew 597 00:33:07,600 --> 00:33:10,440 Speaker 1: about in August, and god knows, we've had some issues 598 00:33:11,160 --> 00:33:14,360 Speaker 1: from everything from investing as I mentioned, to to geopolitics 599 00:33:14,400 --> 00:33:18,640 Speaker 1: between President she and Biden. It's time to pick someone here. No, 600 00:33:19,520 --> 00:33:22,240 Speaker 1: it absolutely is, and you know, Ted Cruz trying to 601 00:33:22,320 --> 00:33:25,480 Speaker 1: hold these up is no surprise. But you know, when 602 00:33:25,520 --> 00:33:28,280 Speaker 1: you look at the state of our relations with China, 603 00:33:28,760 --> 00:33:31,680 Speaker 1: you would think this is something that regardless of party, 604 00:33:32,040 --> 00:33:34,560 Speaker 1: all of these centers would want to get somebody in 605 00:33:34,720 --> 00:33:37,480 Speaker 1: place and over there, giving as you just mentioned, not 606 00:33:37,720 --> 00:33:40,280 Speaker 1: just the missile, but all of the other challenges we 607 00:33:40,400 --> 00:33:43,560 Speaker 1: face visa VI China. So you know, this is in 608 00:33:43,640 --> 00:33:46,080 Speaker 1: the interest of the entire United States, not just the 609 00:33:46,200 --> 00:33:49,360 Speaker 1: Democratic Party. And I agree with Rick that Biden is 610 00:33:49,400 --> 00:33:51,000 Speaker 1: going to just have to figure out a way and 611 00:33:51,320 --> 00:33:54,080 Speaker 1: let Chuck Schumer do his thing to get these people through. 612 00:33:54,200 --> 00:33:57,040 Speaker 1: But it's certainly in the best interest of everybody. So 613 00:33:57,160 --> 00:33:59,720 Speaker 1: you both see that being approved my my reading you 614 00:33:59,800 --> 00:34:02,360 Speaker 1: both right before I move on, Rick, Yes, that Burns 615 00:34:02,360 --> 00:34:05,640 Speaker 1: will ultimately be confirmed. Yes, absolutely so. As Ram Emmanuel 616 00:34:05,680 --> 00:34:10,160 Speaker 1: a different story, right, The former Chicago mayor, apologizing essentially today, 617 00:34:10,840 --> 00:34:13,399 Speaker 1: says that that not a day or week has gone 618 00:34:13,480 --> 00:34:15,800 Speaker 1: by he hasn't thought about the police shooting of Lakwa 619 00:34:15,880 --> 00:34:19,879 Speaker 1: McDonald in when he was Chicago mayor. He of course 620 00:34:19,960 --> 00:34:22,480 Speaker 1: has quite a bit of baggage from his time in 621 00:34:22,560 --> 00:34:26,120 Speaker 1: Washington as well. Rick, does he go to Japan? Yeah, 622 00:34:26,239 --> 00:34:29,440 Speaker 1: he will likely not get the courtesy that many of 623 00:34:29,680 --> 00:34:33,400 Speaker 1: these appointees are going to get from Republicans in the Senate. 624 00:34:33,520 --> 00:34:36,640 Speaker 1: And so yeah, I think his nomination could be a 625 00:34:36,760 --> 00:34:39,480 Speaker 1: problem because the question is can he even have the 626 00:34:39,560 --> 00:34:42,720 Speaker 1: votes to get out of committee? And uh, And that'll 627 00:34:42,760 --> 00:34:45,680 Speaker 1: be the real question for Ram Emmanuel. He's the one 628 00:34:45,760 --> 00:34:48,600 Speaker 1: politician everybody loves to hate right now and uh and 629 00:34:48,920 --> 00:34:53,160 Speaker 1: probably amply qualified for the job. But but politics is 630 00:34:53,239 --> 00:34:55,680 Speaker 1: just not gonna pull his way. But look, I mean, 631 00:34:55,880 --> 00:34:58,200 Speaker 1: it just depends upon what what what the costs are 632 00:34:58,200 --> 00:35:00,279 Speaker 1: going to be to the Biden administration, but but Ted 633 00:35:00,320 --> 00:35:02,040 Speaker 1: Cruz won't be the first guy that puts a hold 634 00:35:02,080 --> 00:35:05,680 Speaker 1: on that nomination. We'll put Chicago aside for a minute, Jennie, 635 00:35:06,200 --> 00:35:08,520 Speaker 1: just his time in Washington alone. Rominmanuel has had a 636 00:35:08,560 --> 00:35:11,279 Speaker 1: lot of years to ruffle, a lot of feathers, he has, 637 00:35:11,360 --> 00:35:14,640 Speaker 1: And talk about unfortunate timing, the fact that this hearing 638 00:35:14,800 --> 00:35:17,560 Speaker 1: was held on you know, the seventh year anniversary of 639 00:35:17,680 --> 00:35:20,040 Speaker 1: this killing. I mean, you know, and and of course 640 00:35:20,080 --> 00:35:23,000 Speaker 1: Bob Menendez, the chair of the committee, asked him for 641 00:35:23,239 --> 00:35:25,799 Speaker 1: his you know, to gave him an opportunity, I should say, 642 00:35:25,880 --> 00:35:28,800 Speaker 1: to respond, and he did and it was heartfelt. But 643 00:35:28,920 --> 00:35:31,320 Speaker 1: to your point, it's not just about this. This was 644 00:35:31,400 --> 00:35:35,520 Speaker 1: obviously a very important issue. But he has made plenty 645 00:35:35,600 --> 00:35:37,759 Speaker 1: of you know, sort of ruffled feathers, made plenty of 646 00:35:37,920 --> 00:35:40,960 Speaker 1: enemies in Washington over the years. And you know, he 647 00:35:41,160 --> 00:35:43,360 Speaker 1: is a figure that people do love to hate. So 648 00:35:44,120 --> 00:35:46,839 Speaker 1: I think he my my view is that he might 649 00:35:47,000 --> 00:35:48,680 Speaker 1: make it through. But I think this is gonna be 650 00:35:48,880 --> 00:35:52,120 Speaker 1: touch and go. But he is somebody who was qualified 651 00:35:52,239 --> 00:35:54,440 Speaker 1: for this. But you know, he's got to live with 652 00:35:54,520 --> 00:35:56,640 Speaker 1: the baggage of his background and what he's done in 653 00:35:56,719 --> 00:35:59,279 Speaker 1: Washington and elsewhere throughout his career. Is it just me 654 00:35:59,440 --> 00:36:01,960 Speaker 1: Rick or Aft where all these approvals take place, nobody 655 00:36:02,040 --> 00:36:04,560 Speaker 1: remembers them again unless something big blows up in China 656 00:36:04,640 --> 00:36:06,680 Speaker 1: could be an exception there. But my goodness, are we 657 00:36:06,760 --> 00:36:09,640 Speaker 1: going to be complaining about ambassador Will anyone be complaining 658 00:36:09,640 --> 00:36:13,040 Speaker 1: about Ambassador Emmanuel of Japan in a couple of months? No? 659 00:36:13,239 --> 00:36:15,280 Speaker 1: I mean Japan is a place you go to disappear, 660 00:36:15,400 --> 00:36:18,840 Speaker 1: although one of the more recent Japanese ambassadors is now 661 00:36:18,880 --> 00:36:22,160 Speaker 1: a United States Center from Tennessee, so they can be forgotten, 662 00:36:22,239 --> 00:36:25,160 Speaker 1: but they could always make a comeback, and God knows 663 00:36:25,280 --> 00:36:28,880 Speaker 1: he's done that before. Rick Davis, Genie She and Zano 664 00:36:29,480 --> 00:36:32,560 Speaker 1: are Bloomberg Politics contributors. We thank you as ever. I'm 665 00:36:32,640 --> 00:36:35,480 Speaker 1: Joe Matthew meets you back here tomorrow. This is Bloomberg