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

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Speaker 1: We are actually going to do the largest infrastructure bill

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Speaker 1: ever in America's history. The more extraordinary the extraordinary measures get,

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Speaker 1: the harder it is to put pressure on Congress. Bloomberg

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Speaker 1: Sound on Politics, Policy and Perspective from DC's top names.

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Speaker 1: Why wouldn't you try a primary against President Bigness you

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Speaker 1: were to decide to run again? Do you? Guys know

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Speaker 1: you speak to a pretty educated audience, but death ceiling

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Speaker 1: is a completely manufactured Carson Bloomberg Sound On with Joe

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Speaker 1: Matthew on Bloomberg Radio. The program brought to you today

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Speaker 1: by the word inflation. As we learned in the consumer

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Speaker 1: price index. It's real, but there are very different schools

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Speaker 1: of thought on how to fix it. President Biden says

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Speaker 1: his own economic agenda is the answer, while Republicans and

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Speaker 1: leaven some Democrats say it's the cause. It will follow

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Speaker 1: the President to the port of Baltimore, where he made

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Speaker 1: the case today for his agenda and talk about it

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Speaker 1: in a moment with Congressman Andy Harris, Republican from Maryland,

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Speaker 1: will discuss the big take a little bit later on

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Speaker 1: China evades US spies just when Biden needs insights most

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Speaker 1: with Bloomberg's Peter Martin, who shares the byline, and later

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Speaker 1: our conversation with NASA's director of Commercial Space Light for

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Speaker 1: Human Exploration as space X prepares its next trip to

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Speaker 1: the space station. Tonight, We've got a lot of talk

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Speaker 1: about with our panel as well, Bloomberg Politics contributor Jeanie

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Speaker 1: Schanzano and John's deletes Republican Strategist principle at Trilogy Advisors.

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Speaker 1: And we have news from the White House to start

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Speaker 1: off with. President Biden will sign the Infrastructure Bill on

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Speaker 1: Monday in a special White House ceremony. Just announced it's

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Speaker 1: still sitting on his desk, the bill, that is, after

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Speaker 1: the House past it late Friday night. President Biden left

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Speaker 1: the bubble today, but he did not go far, paying

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Speaker 1: a visit to the Port of Baltimore, as you heard

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Speaker 1: live on Bloomberg Radio, to talk about the benefits the

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Speaker 1: Infrastructure Bill with billions for port improvements, talked up the

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Speaker 1: Reconciliation Plan, and tackled the story of the day as

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Speaker 1: he delivered remarks that of course that story would be inflation.

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Speaker 1: And today I'm here to talk about one of the

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Speaker 1: most pressing economic concerns of the American people. And it's real,

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Speaker 1: and that is getting prices down number one. Number two,

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Speaker 1: making sure our stores are fully stocked, and number three,

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Speaker 1: getting a lot of people back to work while tracking

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Speaker 1: and tactically these two above challenges. I mentioned this, of

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Speaker 1: course after the hot earth than expected consumer price index

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Speaker 1: hit this morning. Consumer prices remained too high. Tell us

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Speaker 1: the American people have missed this economic crisis. Of recovery

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Speaker 1: is showing strong results, but not to them. They're still

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Speaker 1: looking out there. Everything from a gallon of gas to

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Speaker 1: loafer bread costs more and it's worrisome. Even though wages

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Speaker 1: are going up. We still face challenges and we have

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Speaker 1: to tackle them. We have to tackhead and he says

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Speaker 1: again that passing his agenda, including his approach to unclogging

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Speaker 1: supply chains, is the way to do that. Still the

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Speaker 1: biggest jump in inflation in more than thirty years. And

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Speaker 1: that's where we start with Congressman Andy Harris, Republican from

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Speaker 1: Maryland's first district, including the beautiful Eastern Shore. Congressman, welcome

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Speaker 1: for being a too, Welcome to the program. Thanks for

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Speaker 1: being here, I should say, his President Biden wrong about inflation. Well, look,

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Speaker 1: I'm glad he's finally admitting that we have it because

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Speaker 1: the administration has been not been denying it for a

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Speaker 1: few months. But everybody who goes to the store, everybody

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Speaker 1: who buys gas, they know that inflation is here. I

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Speaker 1: think most people believe it's actually higher than six percent

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Speaker 1: and seven percent, especially when they go to the store

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Speaker 1: and they look for gasoline. And I don't think the

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Speaker 1: President's bill, I don't think his infrastructure bill is going

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Speaker 1: to do anything to make it better in the short run.

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Speaker 1: You voted against that bill, right, there's nothing in Maryland

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Speaker 1: that you needed in that legislation. Well, sure there, Look,

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Speaker 1: there certainly is. But you know, the Sational Budget Office

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Speaker 1: said that that two d fifty billion dollars if that

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Speaker 1: would have to be borrowed. And that's exactly how we're

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Speaker 1: getting a lot of the inflation we have is that

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Speaker 1: we have to print dollars in order to pay for

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Speaker 1: these bills. Uh, that's not the way to solve inflation

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Speaker 1: is to is to pass a large bill and then

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Speaker 1: require the federal government to borrow that money or print

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Speaker 1: that money in order to pay that bill. But Maryland

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Speaker 1: is still going to benefit from that legislation, right, the

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Speaker 1: one that you voted against. So that's good, I guess

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Speaker 1: for the Port of Baltimore and other areas, how how

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Speaker 1: would you tackle this inflation problem? Well, look, it's the

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Speaker 1: Port of Baltimore does not help my district. My district

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Speaker 1: is not in the port. Those ships that are waiting

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Speaker 1: tend to the port frequently anchor in my district. The

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Speaker 1: people in my district are worried about the high gasoline prisis,

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Speaker 1: for instance, And the president's answer is to consider closing

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Speaker 1: the Michigan pipeline, to close the Keystone Xcel pipeline. These

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Speaker 1: are not ways to solve that one of the main

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Speaker 1: problems in my rural district, which is the high price

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Speaker 1: of gasoline. So energy is one aspect of that. Congressman,

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Speaker 1: what is the answer. It's a price inflation across the board. Though,

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Speaker 1: is it less spending? Is it not doing this particular

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Speaker 1: deal on reconciliation for instance? Look, I I think so,

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Speaker 1: I think what you have to do is is part

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Speaker 1: of the inflation problem was due to the to the

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Speaker 1: necessary uh increase in spending we had during the bad

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Speaker 1: COVID that we had last year. It's much better, the

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Speaker 1: effect on economy is much less than Yet the spending continues,

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Speaker 1: and again it's not just spending, it's spending beyond the revenues.

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Speaker 1: So again, when when we when we are forcing the

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Speaker 1: con federal government to borrow money to create the money, Uh,

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Speaker 1: this is an inflationary cycle that we won't break until

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Speaker 1: we get our spending and revenues under control. Should the

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Speaker 1: Federal Reserve start hiking interest rates? Well, look, that that

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Speaker 1: might be what it takes, but again that starts a

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Speaker 1: whole new set of problems when the federal went in

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Speaker 1: terms of suppressing businesses, because in the end, we we

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Speaker 1: want business growth as well. But as we know, if

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Speaker 1: the Federal Reserve gainst the increased interest rates, than businesses suffer. Well,

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Speaker 1: it looks like that's where we're heading after the Taper

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Speaker 1: is done. And there are a lot of questions about

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Speaker 1: who should be running the Fed. Can I ask you,

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Speaker 1: as an extension congressman, are you worried about the idea

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Speaker 1: of J. Powell uh leaving the building allayle brainerge in

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Speaker 1: In in the chair position or or less of a

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Speaker 1: hawk on inflation? Look, I certainly am. I think the

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Speaker 1: Janet yelling in testimony in front of the House and

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Speaker 1: the Senate has indicated it's for instance, she's not worried

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Speaker 1: about trillion or two trillion dollars or three trillion dollar deficits.

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Speaker 1: I mean, I think that's very shortsighted thinking the as

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Speaker 1: you and as look as you indicated in the news,

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Speaker 1: the cost of borrowing is going up when it returns

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Speaker 1: to his star levels. The interest payment on our dead

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Speaker 1: alone will crowd out all the all the things that

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Speaker 1: this federal government needs to be doing in order to

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Speaker 1: defend our to defend our nation, defend our borders, UH pay,

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Speaker 1: social Security, pay medicare, all the things that the federal

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Speaker 1: government has to do. It will be crowded out by

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Speaker 1: interest payments less we get our spending under control. We're

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Speaker 1: talking with Congressman Andy Harris, Republican from Maryland, who sits

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Speaker 1: on the Transportation and Infrastructure Committee. With that said, Congressman,

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Speaker 1: what would you have done differently? What would your infrastructure

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Speaker 1: bill look like? Well? Yeah, yeah, I'm at and now

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Speaker 1: I'm actually on the Appropriations committee, so I'm very worried

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Speaker 1: about whether we balance the budget. I think the infrastructure

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Speaker 1: bill should have concentrated on UH, the infrastructure that we

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Speaker 1: think of as infrastructure, not necessarily Again, Uh, you know,

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Speaker 1: electric charging stations when we don't have electric enough electric

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Speaker 1: vehicles to use them. We should. We should strengthen our courts,

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Speaker 1: our roads, our bridges are rail. But sixty six billion dollars,

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Speaker 1: for instance, to subsidize amtrack is probably not a good investment.

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Speaker 1: Amtrak is predominantly passenger rail that doesn't contribute much to

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Speaker 1: economic growth. Uh. And again the most important thing. Look,

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Speaker 1: every Americans believes that we need infrastructure. I believe that

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Speaker 1: we need to actually honestly pay for it if we're

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Speaker 1: going to build it. Give us the view from the

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Speaker 1: Appropriations Committee. As progressives in the House, leading right up

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Speaker 1: to Speaker Nancy Pelosi, promise a vote next week on

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Speaker 1: the so called Build Back Better Plan. What's going to

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Speaker 1: happen next week? Will there be a vote? Will it pass? Well? Look,

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Speaker 1: the the latest nonpartisan evaluation of the bill said that

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Speaker 1: the White House has overestimated revenues by at least two

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Speaker 1: hundred billion dollars. Again, that would be two billion dollars

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Speaker 1: if we have to spend And as you and I

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Speaker 1: both know, the smoke and mirrors in this bill is

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Speaker 1: that all the spending is frontloaded, and the rules allow

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Speaker 1: us to pay for it over ten years. So the

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Speaker 1: budget deficit will necessarily increase greatly in the first few

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Speaker 1: years of the spending plan, and because of those new

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Speaker 1: revenue projections by by the nonpartistan UH the people who

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Speaker 1: looked at the bill. The fact of the matter is

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Speaker 1: that those deficits will continue even into the outer years

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Speaker 1: of the bill. I mentioned in the outset that your

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Speaker 1: district includes the eastern shore of Maryland, and I wonder

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Speaker 1: what your thoughts are on the some of the climate

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Speaker 1: provisions that are going into this legislation. Apparently it's more

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Speaker 1: than a half trillion dollars worth, and it's targeted in

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Speaker 1: many ways. It districts like yours with concerns about rising

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Speaker 1: sea level, dealing with flooding and and and extreme storms.

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Speaker 1: Is any of that possible to help the first congressional

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Speaker 1: districts of Maryland? Sure? The balance here is that the

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Speaker 1: first congressional district also has a fairly you know, it's

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Speaker 1: a rural economy, so it's not as strong an economy

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Speaker 1: as some other parts of the nation. So the balance

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Speaker 1: always has to be what will the effect of all

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Speaker 1: these climates control measures have on our rural economy. And again,

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Speaker 1: if we're gonna increase the price of bossil fuels, of

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Speaker 1: diesel and gas, uh, that is very adversely going to

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Speaker 1: affect our rural economy. So the balance has to be uh,

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Speaker 1: you know, reasonable climate control changes, but we have to

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Speaker 1: balance that against not harming our economy. And I'm afraid

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Speaker 1: the Build Back Better bill doesn't have that balance. And

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Speaker 1: I'd like to get back to the energy piece for

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Speaker 1: a moment because you mentioned it in the outset, Congressman,

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Speaker 1: one of the great drivers of inflation right now, what

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Speaker 1: is the answer? Should the White House start releasing oil

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Speaker 1: from the strategic reserve? Now, the Strategic Petroleum Reserve is

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Speaker 1: a short term measure. We have to regain the advantage

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Speaker 1: we had internationally during the Trump administration when our oil

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Speaker 1: producers again we have the largest oil export in the world.

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Speaker 1: We should produce or oil I'm sorry, fossil fuel producer

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Speaker 1: in the world. We should not cripple that. We should

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Speaker 1: encourage fossil fuel production as long as there's a market

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Speaker 1: internationally and that allows us to control the price of oil.

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Speaker 1: The problem is that we no longer control the price

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Speaker 1: of oil. And the President has to go hat in

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Speaker 1: hand to OPEC and Russia, who are not friendly UH,

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Speaker 1: in order to have them help us to decrease the problems.

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Speaker 1: And they're not going to pump more. We know that right.

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Speaker 1: They have rejected that request. So is an spr release

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Speaker 1: smart and the short term? And are you suggesting that

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Speaker 1: we start drilling shale in Texas to get the domestic

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Speaker 1: production back? Absolutely, we should drill shale in Texas. We

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Speaker 1: should start again mining coal because China has an increasing

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Speaker 1: appetite for cold They're going to import it from other

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Speaker 1: places in the world if they don't import it from America.

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Speaker 1: We have an unemployment rate that time in UH. In

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Speaker 1: states like West Virginia are neighboring state. I think that

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Speaker 1: that we should again gain energy dominance, not only to

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Speaker 1: bring down the cost of energy, but for the geopolitical

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Speaker 1: advantage of not having having energy used as a weapon

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Speaker 1: against US and our allies, especially Europe. Congressman, I'm curious

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Speaker 1: you're you're a representative from Maryland. Were you invited to

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Speaker 1: the President's event today? No, I wasn't glad you're with us.

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Speaker 1: You're on sound on where we assemble the panel next Congressman,

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Speaker 1: Thank you, as always for your time. This is Bloomberg

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Speaker 1: So On with Joe Matthew on Bloomberg Radio. You heard

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Speaker 1: from the congressman after the hotter than expected consumer BIS

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Speaker 1: index this morning and the president's address. Now we're joined

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Speaker 1: by the panel now Bloomberg Politics contributor Jeanie Chanzano and

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Speaker 1: John Sidolity's strategists and principle at Trilogy Advisors. Genie, you

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Speaker 1: heard the president today. You just heard from Congressman Harris

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Speaker 1: for the Republican view. President Biden has been consistent here.

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Speaker 1: We've talked about it before. He's thrown down his cards.

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Speaker 1: He's either going to be right or wrong on inflation,

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Speaker 1: and after this morning's report, there are a lot of

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Speaker 1: questions about whether he is right. How long do you

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Speaker 1: give him on this? You know? And his remarks today

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Speaker 1: in Baltimore, he tried to sell this plan which he's

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Speaker 1: going to be touting for some time. But it was

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Speaker 1: interesting to me that he did focus on how it

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Speaker 1: was going to help address inflation and supply chain concerns,

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Speaker 1: not just the issue of job creation, which is how

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Speaker 1: they had been couching it prior to these numbers. I

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Speaker 1: do think that that is an effective argument for him

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Speaker 1: to make. I also think that these just before you

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Speaker 1: move on Genie, where because we don't get a lot

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Speaker 1: of details on this is it is it simply on

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Speaker 1: clogging supply chains. Getting more people back to work could

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Speaker 1: potentially create more wage inflation though right it could. But

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Speaker 1: I think the President is trying to make this case

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Speaker 1: that this spending and it is limited spending, and I

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Speaker 1: think that's what he has to focus on. It is

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Speaker 1: not the build back better, it's the hard infrastructure that

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Speaker 1: we need that infrastructure in order to regroup after the

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Speaker 1: pandemic and to move forward and to compete with the

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Speaker 1: likes of China and others. And I think he's making

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Speaker 1: that case. But I do think, and this is where

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Speaker 1: I wish I would hear more from the President, that

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Speaker 1: they have to be cautious about any future spending given

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Speaker 1: where we are in inflation. And to me, the biggest

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Speaker 1: problem is we haven't heard that from the President. This

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Speaker 1: investment makes sense, it's much needed. Is over a long

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Speaker 1: period of time, everybody from Donald from Republican Democrat have

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Speaker 1: been pushing for this kind of hard infrastructure. It's the

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Speaker 1: next trench of spending that I think poses a real

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Speaker 1: danger and that he's got to put the brakes on

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Speaker 1: at this point and say we need to wait and

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Speaker 1: see where we are with inflation, the debt, and everything

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Speaker 1: else before we move forward on any of that human infrastructure.

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Speaker 1: And that's going to be hard for him to do

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Speaker 1: with the push from the progressives, but I think that

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Speaker 1: would help an awful lot. John Clitia's the President had

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Speaker 1: Mark Zany on his side that the economist from Moody's

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Speaker 1: who said, no, this will be transitory number one, it's

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Speaker 1: transitory inflation and the inflation of the infrastructure rather reconciliation

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Speaker 1: bills will end up helping that in the end, At

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Speaker 1: what point are we beyond transitory? Would that be today?

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Speaker 1: I don't think anyone knows what transitory looks like and

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Speaker 1: how long it's going to take, Joe uh, you know.

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Speaker 1: And there were certain tools that are at the President's disposal,

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Speaker 1: and there are some things that he simply has very

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Speaker 1: little control over. And I think the number one problem

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Speaker 1: that we're dealing with when we look at inflation is

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Speaker 1: the Fed's policy. The FED is pumping out so much money,

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Speaker 1: printing up well literally now with this new bill under

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Speaker 1: the trillion dollars UH to maintain our deficit spending that

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Speaker 1: all of that cash is coming into the economy and

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Speaker 1: is the major driver of inflationary prices UH. This particular

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Speaker 1: bill that just passed will have almost no impact on

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Speaker 1: inflation and I would say, for that matter, the economy

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Speaker 1: over the next twelve months or so for a couple

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Speaker 1: of reasons. When is that, first of all these projects,

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Speaker 1: most of them are not shovel ready, so it will

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Speaker 1: take a while for the various agencies, state and local

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Speaker 1: governments to complete all of the year leoals and whatnot.

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Speaker 1: And the second problem is that there are still regulatory

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Speaker 1: hurdles that have been in place for decades Joe that

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Speaker 1: make it very difficult for any of these projects to

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Speaker 1: get off the ground without lawsuits, without NIMBI opponents and whatnot.

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Speaker 1: So there's no guarantee this money is going to start

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Speaker 1: to be spent any time in the next six to

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Speaker 1: eight months and maybe until the end of next year.

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Speaker 1: So I think this infrastructure bill is a political victory

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Speaker 1: for the President and for the Democratic Party, but it

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Speaker 1: will have minimal impact on the economy for the next year,

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Speaker 1: for better or worse. Apparently, though John Just to be clear,

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Speaker 1: the Federal Reserve isn't printing a trillion dollars there. They're

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Speaker 1: gonna be raising taxes to pay for at least some

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Speaker 1: of this, right, are you suggesting the Fed should stop

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Speaker 1: the quantitative easing that just you know, go for the

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Speaker 1: tape or start hiking rates? You know, I think there's

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Speaker 1: going to be a very delicate balance because if they

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Speaker 1: start to shrink the money supply, that will have an

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Speaker 1: adverse impact on the economy as well. And so it's

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Speaker 1: going to be a balancing act. But if inflation is

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Speaker 1: the problem, does that handle the inflationary problem? John? Is

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Speaker 1: the question? Well, one of the reasons that we have, uh,

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Speaker 1: you know, the highest inflation rate in thirty years is

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Speaker 1: because we're spending beyond our ability to control pricing in America.

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Speaker 1: The American economy is now flushed with cat beyond what

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Speaker 1: is reasonable and all of that cash, right, you have

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Speaker 1: more money chasing the same supply, the prices are going

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Speaker 1: to go up. So let's bring Genie back in on this.

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Speaker 1: Then what should happen next week? Genie? Two progressives have

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Speaker 1: an inflationary problem on their hands. Should that bill now

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Speaker 1: not pass? And I'm asking you that as the Democrat

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Speaker 1: on the panel here, this is something that's been on

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Speaker 1: the works for months. It has been in the works.

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Speaker 1: We still may see it go forward. But I have

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Speaker 1: to say I think that Joe Mansion is right about

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Speaker 1: on this, that they need to be cautious and fiscally responsible.

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Speaker 1: But I would just take a step back and say,

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Speaker 1: inflation is an enormous concern. I share that concern. It

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Speaker 1: is not our only concerned. Very difficult for me to

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Speaker 1: believe that Americans think that we don't need broadband, bridges, broads,

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Speaker 1: tunnels and airports in this country. That's what the bill does.

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Speaker 1: It takes too long to get there, but we need

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Speaker 1: that and we need inflation under control. If competition with

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Speaker 1: China is the drive right now for the Biden administration,

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Speaker 1: for the US government as a whole, this is not

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Speaker 1: good news. As I read on the terminal in the

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Speaker 1: Big Take today from Bloomberg, a lack of top tier

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Speaker 1: intelligence on Chinese President She's inner circle is frustrating senior

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Speaker 1: Biden administration officials struggling to get ahead of Beijing's next steps.

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Speaker 1: According to current and former officials who have reviewed the

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Speaker 1: most sensitive US intelligence reports, a great piece of reporting

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Speaker 1: in part by Bloomberg's Peter Martin, who shares the byline

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Speaker 1: with Nick Wadhams and Jennifer Jacobs. Peters with us in studio.

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Speaker 1: Congratulations on this great piece. Well, thanks and appreciate your

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Speaker 1: talking with us as always about it. There's a lot

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Speaker 1: to learn here and it's frankly, it's disturbing if if

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Speaker 1: you're following current events and the fact that we're on

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Speaker 1: the eve, apparently you can tell me if I'm wrong

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Speaker 1: of what will be a virtual summit of sorts between

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Speaker 1: presidents Biden and She. Will the president be going into

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Speaker 1: this meeting blind? I didn't I feel be going in

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Speaker 1: quite blind, but certainly there's a there's a failing on

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Speaker 1: the part of the administration that they're really lacking um

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Speaker 1: access to sheeting things and emost thoughts when it comes

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Speaker 1: the topics like US China relations, what she Jimping's designs

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Speaker 1: off for Taiwan, and whether he plans to rule China

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Speaker 1: for life. The reality your right comes after officials and

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Speaker 1: both not just Biden, but the Trump administration as well.

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Speaker 1: We're surprised, caught off guard by rapid moves to consolidate

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Speaker 1: control of Hong Kong, protect military power across the South

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Speaker 1: China Sea, limit probes into the origins of COVID. I

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Speaker 1: could go on here, not to mention the tampering if

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Speaker 1: I can use that word that Beijing has had with

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Speaker 1: publicly traded companies. What are we doing wrong here? Is

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Speaker 1: this a state department problem? Is a Biden administration problem?

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Speaker 1: You're pointing out the Trump administration as well, So this

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Speaker 1: doesn't sound like it's localized to Joe Biden. Yeah, you know,

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Speaker 1: I mean China has always been what the CIA calls

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Speaker 1: a hard target, one of the most difficult countries to penetrate.

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Speaker 1: It's um the upper echelons of its politics, and that's

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Speaker 1: gotten much harder on the sheet jimping. She has kind

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Speaker 1: of pushed aside potential rivals and and reduced the number

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Speaker 1: of people in his inner circle. And he's also cracked

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Speaker 1: down on, uh, you know, corruption in the system, which

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Speaker 1: is a big problem for CIA agents who who might

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Speaker 1: want to use money to get sources. Is this not

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Speaker 1: a CIA problem? Is this the agency? I mean I

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Speaker 1: think that, Yeah, the burden primarily falls on the CIA.

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Speaker 1: There are other US agencies, of course, that are active

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Speaker 1: in China. But the CIA is the one that really

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Speaker 1: recruits those human intelligence assets which are so crucial to

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Speaker 1: cracking that kind of in a circle. What do we

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Speaker 1: know about their summit? We know that it was tentative

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Speaker 1: maybe by the end of the year. Is it going

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Speaker 1: to happen? Well, the talk is that it's going to

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Speaker 1: happen at some point next week, but the exact day

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Speaker 1: hasn't been decided yet. Um, you know, and there are

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Speaker 1: a bunch of contentious issues on the table. Taiwan the economy, uh,

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Speaker 1: you know, and whether whether or not the world's two

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Speaker 1: largest economies can find some kind of stable working equilibrium

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Speaker 1: in their relationship. Well, this has been kind of on again,

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Speaker 1: off again, right, do you see a meeting taking place

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Speaker 1: that soon? And that you know, White House officials seem

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Speaker 1: to be pretty confident that they can pull it off,

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Speaker 1: But we'll have to see. There's there's a going on

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Speaker 1: at the moment. There's been a major meeting of China's

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Speaker 1: leadership um this week. There's also been a little bit

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Speaker 1: of progress today with the joint statement issued on climate,

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Speaker 1: So we'll see if that contributes towards a more constructive

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Speaker 1: mood for talking. Peter, many thanks for talking with this.

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Speaker 1: Bloomberg's Defense Policy and Intelligence reporter Peter Martin with us

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Speaker 1: live on sound On, and you can find the big take,

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Speaker 1: of course on the terminal on the website, and we

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Speaker 1: bring the panel back in for more on this. Genie

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Speaker 1: Schanzano with us for the hour along with John said

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Speaker 1: Ladys who is a geo political analyst and just the

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Speaker 1: person we want to talk with about this story principle

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Speaker 1: at Trilogy Advisors, and I'll start with you on this, John, Uh,

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Speaker 1: intelligence is hard to come by at the moment in China.

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Speaker 1: How much more dangerous does that make this situation? It's

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Speaker 1: been a very dangerous situation over the last decade, Joe,

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Speaker 1: especially since the Chinese government decimated a number of Chinese

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Speaker 1: intelligence assets to see I had successfully recruited in prior years.

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Speaker 1: It's in a very difficult situation for us now also

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Speaker 1: because of the fact that we have the most effective

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Speaker 1: surveillance system ever implemented in the history of mankind under

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Speaker 1: the Chinese Communist parties techno authoritarian political system, and so

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Speaker 1: hijn Ping has more rigid control now over all aspects

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Speaker 1: of China's government, military, economy, and society. And it's just

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Speaker 1: much more difficult to get human beings to help the

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Speaker 1: United States, and that kind of an environment. The CIA

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Speaker 1: is dealing with a decade, as I read in the

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Speaker 1: column Genie, dealing with a decade of Beijing's counter intelligence officials,

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Speaker 1: which has really made it difficult for us to get

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Speaker 1: information on the ground. You're working on a paper right now,

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Speaker 1: democracy versus authoritarianism? How's that paper going to end? Based

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Speaker 1: on what we know here? Well, you know it is.

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Speaker 1: You know the President has long saying, been saying, and

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Speaker 1: you said this early earlier today, that he's been saying

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Speaker 1: in almost every public statement, whether it's under ESTEC or

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Speaker 1: foreign issues, that this is the challenge of the twenty

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Speaker 1: one century is can democracy confront autocracy and China? As

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Speaker 1: has been in his mind, this is a slight change

431
00:23:12,240 --> 00:23:13,919
Speaker 1: for Joe Biden, we should say, from some of his

432
00:23:13,960 --> 00:23:16,639
Speaker 1: earlier statements like twenty nineteen, but it has come to

433
00:23:16,680 --> 00:23:19,560
Speaker 1: be seen as the greatest threat and challenge that we face,

434
00:23:20,080 --> 00:23:22,760
Speaker 1: and you know he has he he even made this

435
00:23:22,800 --> 00:23:26,440
Speaker 1: case in Baltimore today. As it pertains to build back better,

436
00:23:26,520 --> 00:23:30,080
Speaker 1: we are trying to put forward internationally something to rival

437
00:23:30,320 --> 00:23:32,760
Speaker 1: the Chinese Belton Road initiative. That's you know, a bit

438
00:23:32,800 --> 00:23:35,120
Speaker 1: of a long way off, but we're trying to put

439
00:23:35,200 --> 00:23:38,040
Speaker 1: that up there. But you know, this meeting, if it

440
00:23:38,119 --> 00:23:41,200
Speaker 1: does go forward, is really important to try to address

441
00:23:41,240 --> 00:23:43,680
Speaker 1: some of the tensions. One of the stunning things about

442
00:23:43,680 --> 00:23:46,719
Speaker 1: this administration that we don't hear about enough was the

443
00:23:46,760 --> 00:23:50,160
Speaker 1: tension between b Lincoln and the Chinese Foreign Minister and anchorage.

444
00:23:50,200 --> 00:23:52,399
Speaker 1: That was followed by the tension with the July meeting

445
00:23:52,480 --> 00:23:55,600
Speaker 1: and then September with John Kerry. This meeting, if it

446
00:23:55,640 --> 00:23:58,760
Speaker 1: does go forward, will be critical to try to address

447
00:23:58,880 --> 00:24:01,000
Speaker 1: some of that and you know, refuse some of that

448
00:24:01,280 --> 00:24:03,840
Speaker 1: and try I don't expect we'll have major breakthroughs, but

449
00:24:03,880 --> 00:24:06,760
Speaker 1: to try to see if we can move forward in

450
00:24:06,880 --> 00:24:09,640
Speaker 1: some kind of dialogue, and that's going to be critical

451
00:24:09,640 --> 00:24:11,960
Speaker 1: to the Biden administration at this point. John. If that

452
00:24:12,080 --> 00:24:14,520
Speaker 1: meeting takes place, will it be next week and will

453
00:24:14,560 --> 00:24:17,760
Speaker 1: it go better than As Genie's pointing out, the blink

454
00:24:17,840 --> 00:24:19,800
Speaker 1: in meetings and the Yelling meeting which were said to

455
00:24:19,840 --> 00:24:25,080
Speaker 1: be contentious. My own sense is that Chi Jinping is

456
00:24:25,160 --> 00:24:29,199
Speaker 1: too smart to act in the wolf warrior diplomatic style

457
00:24:29,480 --> 00:24:34,240
Speaker 1: of his party comrades in those previous meetings. And you

458
00:24:34,359 --> 00:24:37,240
Speaker 1: already see this in the letters that were released yesterday

459
00:24:37,320 --> 00:24:41,399
Speaker 1: or today in preparing the groundwork for the meeting. Where uh,

460
00:24:41,720 --> 00:24:45,000
Speaker 1: the Chinese leaders know how to manipulate American public opinion

461
00:24:45,000 --> 00:24:48,920
Speaker 1: by using phrases like win win competitions have no serious

462
00:24:49,000 --> 00:24:51,880
Speaker 1: meeting in Chinese political thought. All right, John, thank you

463
00:24:52,080 --> 00:24:56,840
Speaker 1: and Genie chan Zano our panel today. This is Bloomberg,

464
00:24:56,960 --> 00:25:03,320
Speaker 1: So no with Joe Matthew on Bloomberg Radio. The tweet

465
00:25:03,400 --> 00:25:06,800
Speaker 1: from SpaceX, Falcon nine and Dragon are looking good for

466
00:25:06,840 --> 00:25:09,720
Speaker 1: tonight's launch of crew three. Yeah, we're going back to

467
00:25:09,800 --> 00:25:13,560
Speaker 1: space tonight. There's nothing like a night launch. The rocket

468
00:25:13,640 --> 00:25:16,840
Speaker 1: is on the pad right now, extending a change of

469
00:25:16,920 --> 00:25:20,840
Speaker 1: direction for NASA to rely, of course, on commercial partners

470
00:25:20,920 --> 00:25:23,560
Speaker 1: to get back and forth to the International Space Station.

471
00:25:24,119 --> 00:25:26,800
Speaker 1: We're gonna talk about that in a moment with Philip

472
00:25:26,880 --> 00:25:29,920
Speaker 1: McAllister's director of the Commercial Space Light Division for Human

473
00:25:29,960 --> 00:25:34,359
Speaker 1: Exploration and Operations at NASA. Yes, the politics of space,

474
00:25:34,560 --> 00:25:39,320
Speaker 1: the risks and rewards have been part of presidential history

475
00:25:39,760 --> 00:25:43,160
Speaker 1: for over seven decades. I believe that this nation should

476
00:25:43,160 --> 00:25:47,679
Speaker 1: commit itself to achieving the goal before this decade is

477
00:25:47,680 --> 00:25:50,800
Speaker 1: out of landing a man on the Moon and returning

478
00:25:50,840 --> 00:25:55,000
Speaker 1: him safely to the Earth. No single space project in

479
00:25:55,000 --> 00:25:59,080
Speaker 1: this period will be more impressive to mankind or more

480
00:25:59,119 --> 00:26:03,760
Speaker 1: important for the long range exploration of space, and none

481
00:26:03,760 --> 00:26:08,880
Speaker 1: will be so difficult or expensive to accomplish. Go ahead,

482
00:26:08,920 --> 00:26:18,280
Speaker 1: and the President that the our from the and it

483
00:26:18,480 --> 00:26:22,000
Speaker 1: certainly has to read a multipace storic telephone call ever

484
00:26:22,040 --> 00:26:27,919
Speaker 1: made from the White House. Tonight, I am directing Nasha

485
00:26:28,000 --> 00:26:30,919
Speaker 1: to develop a permanently manned space station, and to do

486
00:26:31,000 --> 00:26:38,240
Speaker 1: it within a decade. Today I announced a new plan

487
00:26:38,359 --> 00:26:42,680
Speaker 1: to explore space and extend a human presence across our

488
00:26:42,680 --> 00:26:45,879
Speaker 1: Solar system. And so, as President, I believe that space

489
00:26:45,960 --> 00:26:49,240
Speaker 1: exploration is not a luxury. It's not an after thought

490
00:26:49,359 --> 00:26:52,919
Speaker 1: in America's quest for a brighter future. It is an

491
00:26:53,000 --> 00:26:56,520
Speaker 1: essential part of that question. We will not only plant

492
00:26:56,560 --> 00:27:00,040
Speaker 1: our flag and leave our footprint. We will establish a

493
00:27:00,080 --> 00:27:04,880
Speaker 1: foundation for an eventual mission to Mars and perhaps someday

494
00:27:05,000 --> 00:27:08,879
Speaker 1: too many worlds beyond. Let's make you want to go.

495
00:27:09,520 --> 00:27:12,760
Speaker 1: After a series of delays, space X set to launch

496
00:27:12,840 --> 00:27:18,400
Speaker 1: tonight four astronauts to the International Space Station. Crew three

497
00:27:18,760 --> 00:27:21,320
Speaker 1: is the name of the mission. They expected doc around

498
00:27:21,359 --> 00:27:27,240
Speaker 1: seven o'clock tomorrow night and talk to somebody who's on

499
00:27:27,280 --> 00:27:31,000
Speaker 1: the way right now to the pad. The director of

500
00:27:31,040 --> 00:27:36,080
Speaker 1: the Commercial Spaceflight Division for Human Exploration and Operations at

501
00:27:36,160 --> 00:27:40,159
Speaker 1: NASA is Philip McAlister, Director of mc allister. Welcome to

502
00:27:40,160 --> 00:27:43,120
Speaker 1: Bloomberg Radio. Thank you very much, glad to be here.

503
00:27:43,240 --> 00:27:44,919
Speaker 1: So you're on your way to the launch tonight. I

504
00:27:45,000 --> 00:27:47,800
Speaker 1: understand conditions are looking pretty great for the next space

505
00:27:48,000 --> 00:27:50,560
Speaker 1: X launched to the Space Station. We saw a successful

506
00:27:50,600 --> 00:27:54,720
Speaker 1: splashdown of the crew to mission on Sunday night. Are

507
00:27:54,760 --> 00:27:58,600
Speaker 1: you guys go for launch? We are. We just had

508
00:27:58,720 --> 00:28:02,359
Speaker 1: the most recent their brief just a couple of hours ago,

509
00:28:02,920 --> 00:28:05,960
Speaker 1: and everything looks good from the weather standpoint. Now, that

510
00:28:05,960 --> 00:28:08,960
Speaker 1: can change at any time, but at this point we are.

511
00:28:08,760 --> 00:28:11,800
Speaker 1: We were all polled, and we are all go for launch.

512
00:28:12,520 --> 00:28:15,159
Speaker 1: This is the future, right Why would NASA even pursue

513
00:28:15,160 --> 00:28:18,399
Speaker 1: its own past to space director when commercial seems to

514
00:28:18,400 --> 00:28:23,160
Speaker 1: be working so well well. So there's a couple aspects

515
00:28:23,200 --> 00:28:26,879
Speaker 1: of that uh to that situation. First off, um, we

516
00:28:26,960 --> 00:28:30,280
Speaker 1: are flying today to lower orbit and we're going to

517
00:28:30,359 --> 00:28:32,760
Speaker 1: go to the International Space Station, which is about two

518
00:28:33,160 --> 00:28:38,480
Speaker 1: miles above the Earth, and that is a relatively um

519
00:28:38,520 --> 00:28:43,640
Speaker 1: easy mission. It's not easy, because human space flight is

520
00:28:43,680 --> 00:28:47,080
Speaker 1: always hard, but it's relatively easy. So we did it

521
00:28:47,160 --> 00:28:49,479
Speaker 1: over a hundred times with the Space Shuttle. We did

522
00:28:49,560 --> 00:28:52,640
Speaker 1: it within the early days of Apollo, So we felt

523
00:28:52,680 --> 00:28:56,320
Speaker 1: like that was a mission that could be transferred to

524
00:28:56,560 --> 00:29:00,160
Speaker 1: the private sector, uh and have them have more responsibility

525
00:29:00,200 --> 00:29:03,800
Speaker 1: for the overall mission success. When it comes to deep

526
00:29:03,840 --> 00:29:07,240
Speaker 1: space missions, that's still a little bit different. Uh. The

527
00:29:07,360 --> 00:29:12,280
Speaker 1: economic situation UH and incentive for private businesses to invest

528
00:29:12,320 --> 00:29:14,800
Speaker 1: their own money and develop their own capabilities for deep

529
00:29:14,840 --> 00:29:18,680
Speaker 1: space missions is not as clear lower thorbit. Uh, it's

530
00:29:18,680 --> 00:29:22,760
Speaker 1: pretty clear that there are other customers beyond NASA and government. UH.

531
00:29:22,760 --> 00:29:25,040
Speaker 1: Space tourism looks like to be a very good market

532
00:29:25,120 --> 00:29:28,160
Speaker 1: and others, and so UH we've seen a lot of

533
00:29:28,200 --> 00:29:31,320
Speaker 1: interest from the private sector to perform that mission. But

534
00:29:31,480 --> 00:29:36,240
Speaker 1: deep space uh A, it's harder, be it's more expensive,

535
00:29:36,600 --> 00:29:39,400
Speaker 1: and see, we don't really see the profit motive motive

536
00:29:39,440 --> 00:29:41,440
Speaker 1: that we may see with lower thorbits. So for those

537
00:29:41,520 --> 00:29:46,080
Speaker 1: kinds of missions, we think it's still probably a better

538
00:29:46,160 --> 00:29:51,040
Speaker 1: scenario where we rely more on UM NASA's expertise. Uh,

539
00:29:51,160 --> 00:29:54,320
Speaker 1: not totally, and we see mixtures of the kinds of

540
00:29:54,560 --> 00:29:58,320
Speaker 1: projects that we pursue. Sometimes we give the private sector

541
00:29:58,320 --> 00:30:00,280
Speaker 1: a little more responsibility, sometimes a little bit. Last we

542
00:30:00,400 --> 00:30:02,800
Speaker 1: kind of got a tailor for the mission. But I

543
00:30:02,840 --> 00:30:05,520
Speaker 1: don't think all the missions right now are appropriate for

544
00:30:05,560 --> 00:30:07,920
Speaker 1: the same strategy. We all that said, what is the

545
00:30:08,040 --> 00:30:11,280
Speaker 1: situation then, with with your own efforts to to get

546
00:30:11,440 --> 00:30:14,360
Speaker 1: NASA back on the pad here with the Boeing Starliner,

547
00:30:14,400 --> 00:30:17,040
Speaker 1: for instance, do you expect the next demo flight to

548
00:30:17,080 --> 00:30:20,680
Speaker 1: take place early next year or later next year? Yeah,

549
00:30:20,720 --> 00:30:24,000
Speaker 1: sometime next year. We expect to get the star Liner

550
00:30:24,080 --> 00:30:27,440
Speaker 1: off on an uncrewed UH test flight. Um, we are

551
00:30:27,520 --> 00:30:31,880
Speaker 1: making deliberate progress on identifying what was happened, what happened

552
00:30:31,880 --> 00:30:35,840
Speaker 1: with the valves right before launched earlier this year, and

553
00:30:35,880 --> 00:30:39,040
Speaker 1: I'm very confident that we're going to figure out. Us

554
00:30:39,040 --> 00:30:41,160
Speaker 1: and Boeing are going to figure out what went wrong.

555
00:30:41,160 --> 00:30:43,240
Speaker 1: We're gonna fix it, and we're gonna get back on

556
00:30:43,280 --> 00:30:46,400
Speaker 1: the launch pad. We just learned Director NASA's next moon

557
00:30:46,480 --> 00:30:51,080
Speaker 1: shot will be delayed by another year now to and

558
00:30:51,120 --> 00:30:52,880
Speaker 1: it seems to be due to a lot of reasons.

559
00:30:52,920 --> 00:30:57,320
Speaker 1: Is that a concern of yours that that timeline is slipping? Well,

560
00:30:57,880 --> 00:31:03,480
Speaker 1: I mean yes, we're always concerned about schedule. Uh, and uh,

561
00:31:03,720 --> 00:31:06,080
Speaker 1: that's sort of a mission that you know, I'm not

562
00:31:06,160 --> 00:31:09,520
Speaker 1: responsible for, but it is within my mission director, so

563
00:31:09,560 --> 00:31:11,680
Speaker 1: I'm sort of aware of it. And we obviously want

564
00:31:11,720 --> 00:31:14,400
Speaker 1: them to make a good progress. I think they are.

565
00:31:14,920 --> 00:31:17,080
Speaker 1: You know, they've got a number of challenges that they

566
00:31:17,080 --> 00:31:20,560
Speaker 1: are dealing with, and I think the team's done very well. Uh,

567
00:31:20,840 --> 00:31:23,480
Speaker 1: but there's been sort of a culmination of a unique

568
00:31:23,480 --> 00:31:28,440
Speaker 1: set of circumstances with COVID and with our funding situation

569
00:31:28,480 --> 00:31:30,600
Speaker 1: being not exactly where we wanted, and of course we

570
00:31:30,720 --> 00:31:34,160
Speaker 1: got tied up in some legal uh some legal battles.

571
00:31:34,840 --> 00:31:37,560
Speaker 1: Hopefully most of that is behind us, and now we

572
00:31:37,640 --> 00:31:39,880
Speaker 1: really just have to get through the technical work, which

573
00:31:39,920 --> 00:31:43,400
Speaker 1: is going to be a challenge. Um. So uh, all

574
00:31:43,480 --> 00:31:46,600
Speaker 1: that considered, you know, uh, these kinds of things they

575
00:31:46,600 --> 00:31:49,280
Speaker 1: happen in spaceflight. It's something that we got to keep

576
00:31:49,280 --> 00:31:52,600
Speaker 1: our eye on and we have to work hard to overcome. Um.

577
00:31:52,600 --> 00:31:56,480
Speaker 1: But it's actually not unusual to slip um a little

578
00:31:56,480 --> 00:32:00,800
Speaker 1: bit when sort of exigencies come up and and manifest. Sure. Well,

579
00:32:00,840 --> 00:32:04,320
Speaker 1: now that you're through the Blue Origin litigation, space AX

580
00:32:04,480 --> 00:32:07,800
Speaker 1: is back on building a human landing system to put

581
00:32:07,840 --> 00:32:11,080
Speaker 1: astronauts back on the Moon. There's another commercial connection here.

582
00:32:11,120 --> 00:32:13,040
Speaker 1: I wonder if the plans are to make a permanent

583
00:32:13,080 --> 00:32:18,360
Speaker 1: moon base. Yeah, I think our architecture with on the

584
00:32:18,400 --> 00:32:23,920
Speaker 1: Moon is still getting some refinement. Uh. And what exactly

585
00:32:23,920 --> 00:32:26,560
Speaker 1: we're gonna put on the Moon and what the infrastructure

586
00:32:26,680 --> 00:32:30,640
Speaker 1: is and the timeline. We're still sort of, like I said,

587
00:32:30,680 --> 00:32:34,239
Speaker 1: refining those plans. But we do want a presence on

588
00:32:34,280 --> 00:32:37,440
Speaker 1: the Moon to help prepare us but then eventually go

589
00:32:37,480 --> 00:32:40,680
Speaker 1: to Mars. And we're very excited about this. Uh. You know,

590
00:32:40,720 --> 00:32:44,160
Speaker 1: we've been working in lower orbit now uh, continuously for

591
00:32:44,200 --> 00:32:46,000
Speaker 1: twenty years, and we think we're going to have to

592
00:32:46,040 --> 00:32:49,560
Speaker 1: maintain a presence in lower orbit for this peseeable future,

593
00:32:49,920 --> 00:32:52,240
Speaker 1: but to be able to look beyond lower thorbit and

594
00:32:52,320 --> 00:32:54,480
Speaker 1: going back to the Moon and then eventually the Mars.

595
00:32:54,520 --> 00:32:56,400
Speaker 1: I mean, that's what NASS is all about. And I

596
00:32:56,400 --> 00:32:59,600
Speaker 1: can tell you the workforce is very convigorated both on

597
00:32:59,640 --> 00:33:03,440
Speaker 1: the NAS beside end our private sector partners, and we

598
00:33:03,520 --> 00:33:05,920
Speaker 1: are just ready for the future. Well, I know this

599
00:33:06,000 --> 00:33:09,200
Speaker 1: is all hugely important to the businesses that serve NASA

600
00:33:09,240 --> 00:33:11,400
Speaker 1: all over the cape. I can remember being down there

601
00:33:11,400 --> 00:33:12,920
Speaker 1: and talking to a lot of them who were in

602
00:33:12,960 --> 00:33:16,560
Speaker 1: despair following the end of Constellation. We're in a whole

603
00:33:16,600 --> 00:33:19,200
Speaker 1: new world now, Director, where it seems to be boom

604
00:33:19,240 --> 00:33:21,840
Speaker 1: time in going to space. What can you tell us

605
00:33:21,880 --> 00:33:23,440
Speaker 1: to expect tonight? What are you going to be doing

606
00:33:23,440 --> 00:33:26,200
Speaker 1: when you get there? Well, first off, let me just

607
00:33:26,400 --> 00:33:29,200
Speaker 1: absolutely concur with what you did. What you said. I

608
00:33:29,280 --> 00:33:32,080
Speaker 1: was here for the second to launch last Shuttle mission

609
00:33:32,120 --> 00:33:36,200
Speaker 1: and the last Shuttle mission back in eleven and it

610
00:33:36,280 --> 00:33:39,480
Speaker 1: was very grim. Uh, I can tell you now it's

611
00:33:39,480 --> 00:33:42,400
Speaker 1: an exciting time. Uh, and so we're really happy about that.

612
00:33:42,840 --> 00:33:46,120
Speaker 1: For tonight. UM, I am expecting and hoping for a

613
00:33:46,200 --> 00:33:50,480
Speaker 1: nominal launch. I have come to love that word phenominal

614
00:33:51,120 --> 00:33:53,920
Speaker 1: and uh so we're hoping to get lift off here

615
00:33:53,920 --> 00:33:57,720
Speaker 1: at about nine oh three. Um, about this time tomorrow,

616
00:33:59,040 --> 00:34:01,600
Speaker 1: we will have the sing and hopefully they will be

617
00:34:01,640 --> 00:34:04,640
Speaker 1: able to the crew onboard I S. S will be

618
00:34:04,720 --> 00:34:08,600
Speaker 1: able to welcome their new comrades and and patriots, and

619
00:34:08,719 --> 00:34:11,560
Speaker 1: uh be able to do all the science and activities

620
00:34:11,600 --> 00:34:13,160
Speaker 1: that we have laid out for them for the next

621
00:34:13,200 --> 00:34:15,720
Speaker 1: six months. Well, Director, there's nothing like a night launch,

622
00:34:15,800 --> 00:34:17,600
Speaker 1: So I hope you enjoy it, and then we all

623
00:34:17,600 --> 00:34:21,160
Speaker 1: wish we were there with you. Director Philip McAllister, director

624
00:34:21,160 --> 00:34:24,520
Speaker 1: of the Commercial Space Flight Division for Human Exploration and Operations,

625
00:34:24,560 --> 00:34:26,520
Speaker 1: just the man we want to talk with. Have a

626
00:34:26,560 --> 00:34:28,560
Speaker 1: great launch, and thanks for being with us on Bloomberg.

627
00:34:28,800 --> 00:34:30,880
Speaker 1: Thank you very much. I sold Joe want to go,

628
00:34:30,960 --> 00:34:34,480
Speaker 1: don't you. I'm Joe Matthew in Washington and our remaining

629
00:34:34,480 --> 00:34:39,080
Speaker 1: moments we're joined again by Bloomberg Politics contributor Genie Chanzano.

630
00:34:39,440 --> 00:34:41,240
Speaker 1: I know you're a little bit of a space bug, Genie,

631
00:34:41,280 --> 00:34:43,120
Speaker 1: and you're dancing the spirit in the sky. But what

632
00:34:43,160 --> 00:34:47,120
Speaker 1: does this mean in terms of presidential politics? Every White

633
00:34:47,120 --> 00:34:49,360
Speaker 1: House tries to get a piece of this. And I

634
00:34:49,440 --> 00:34:51,080
Speaker 1: spent a little bit of time today when we were

635
00:34:51,120 --> 00:34:54,960
Speaker 1: going through that little project listening to speeches from each president.

636
00:34:55,000 --> 00:34:59,080
Speaker 1: They all had an announcement to make on space. Starting today,

637
00:34:59,200 --> 00:35:01,799
Speaker 1: we shall per sue fill in the blank. Very few

638
00:35:01,840 --> 00:35:05,719
Speaker 1: of them, Genie, actually happened. I loved listening to that

639
00:35:05,840 --> 00:35:08,840
Speaker 1: and your conversation. I'm excited for you, Joe Matthew, to

640
00:35:08,880 --> 00:35:11,680
Speaker 1: go up in space and to do the fastest hour

641
00:35:11,760 --> 00:35:15,040
Speaker 1: in politics from space. So I'm pushing for that. Yeah,

642
00:35:15,080 --> 00:35:18,520
Speaker 1: but no, I it is fascinating from when NASA was

643
00:35:18,560 --> 00:35:22,520
Speaker 1: set up. You have everybody from eisenhowerd A. JFK, you know,

644
00:35:22,800 --> 00:35:25,719
Speaker 1: various ideas as to as to what can be accomplished,

645
00:35:25,719 --> 00:35:29,720
Speaker 1: everything from defense to exploration to privatization, which we're seeing

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Speaker 1: a lot about. We just saw Kamala Harris talking about

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Speaker 1: how a lot of the focus of the Biden administration,

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Speaker 1: still to be yet determined, is going to be on

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Speaker 1: using what is going on in space to focus on

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Speaker 1: the challenge of climate change, so to address the problem.

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Speaker 1: Getting back to that conversation we had about China, though,

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Speaker 1: won't this define our position in competition with China as

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Speaker 1: they pursue the moon as well? It will, and I

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Speaker 1: think that's something I'm waiting to see how that is addressed.

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Speaker 1: We did hear some of that him Donald Trump. He

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Speaker 1: had a you know, a really expansive vision about what

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Speaker 1: he wanted to do. So I do think the Biden

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Speaker 1: administration is going to be following suit and it could

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Speaker 1: be a defining aspect of what becomes our China policy.

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Speaker 1: So waiting to hear more on that and Kamala Harris

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Speaker 1: in charge of that. Genie Chanzano, thanks for being with

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Speaker 1: us as always. Bloomberg Politics contributor. We're gonna be live

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Speaker 1: from New York tomorrow, and I hope you join us

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Speaker 1: here on the fastest hour in politics, this same time.

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Speaker 1: I'm Joe Matthew. This is Bloomberg