1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,760 Speaker 1: iHeartRadio app and the Bloomberg Business app, or listen on 4 00:00:10,800 --> 00:00:12,840 Speaker 1: demand wherever you get your podcasts. 5 00:00:13,840 --> 00:00:16,279 Speaker 2: It's so much happening every day. Now the lawmakers are back, 6 00:00:16,320 --> 00:00:19,680 Speaker 2: we start with the matter of impeachment. That's been all 7 00:00:19,680 --> 00:00:22,520 Speaker 2: the talk this morning, as Kevin McCarthy emerged once again 8 00:00:22,560 --> 00:00:25,680 Speaker 2: to defend his decision to as we told you around 9 00:00:25,680 --> 00:00:29,360 Speaker 2: this time yesterday, launched an impeachment inquiry into President Biden. 10 00:00:29,400 --> 00:00:32,320 Speaker 2: It's not only questions about where is the evidence, whether 11 00:00:32,360 --> 00:00:34,800 Speaker 2: this is appropriate right now, how it's going to be done, 12 00:00:34,960 --> 00:00:38,120 Speaker 2: but also without a vote. This is something that of 13 00:00:38,159 --> 00:00:42,400 Speaker 2: course Speaker McCarthy criticized Nancy Pelosi for heavily back in 14 00:00:42,400 --> 00:00:45,040 Speaker 2: twenty fourteen when she did the very same thing, and 15 00:00:45,080 --> 00:00:49,159 Speaker 2: he tried to explain his rationale earlier. 16 00:00:49,200 --> 00:00:52,960 Speaker 3: Today, Let's listen, Nancy Pelosi changed the president of this House, 17 00:00:53,440 --> 00:00:55,000 Speaker 3: and that was this does a preclude from it. 18 00:00:56,120 --> 00:00:58,000 Speaker 4: Nancy Pelosi changed the president of. 19 00:00:57,960 --> 00:00:59,600 Speaker 5: This House on September twenty fourth. 20 00:01:00,040 --> 00:01:01,480 Speaker 4: It was withheld and good enough for. 21 00:01:01,440 --> 00:01:03,040 Speaker 3: Every single Democrat here. 22 00:01:03,200 --> 00:01:04,480 Speaker 4: It was good enough for the judge. 23 00:01:04,480 --> 00:01:07,640 Speaker 2: Why do you would it have to be different today? Okay, 24 00:01:07,680 --> 00:01:11,520 Speaker 2: September twenty fourth, this is exactly what he said on 25 00:01:11,680 --> 00:01:13,679 Speaker 2: that day back in twenty nineteen. 26 00:01:13,840 --> 00:01:17,480 Speaker 3: Our job is to legislate, not to continue to investigate 27 00:01:17,520 --> 00:01:20,240 Speaker 3: something in the back when you cannot find any reason 28 00:01:20,280 --> 00:01:24,280 Speaker 3: to impeach this president. She cannot unilaterally decide we're in 29 00:01:24,319 --> 00:01:25,640 Speaker 3: an impeachment inquiry. 30 00:01:27,080 --> 00:01:29,840 Speaker 2: So it's kind of hard to rationalize these two at 31 00:01:29,880 --> 00:01:33,880 Speaker 2: the moment. Then there's the question of evidence. James Comer 32 00:01:33,959 --> 00:01:37,280 Speaker 2: and other leaders in the Republican Party held forth earlier 33 00:01:37,280 --> 00:01:40,200 Speaker 2: today in a briefing to try to make the point 34 00:01:40,200 --> 00:01:43,160 Speaker 2: that they had the goods though it's been difficult to 35 00:01:43,160 --> 00:01:45,560 Speaker 2: connect the dots here, and they will be holding a hearing. 36 00:01:45,560 --> 00:01:48,760 Speaker 2: According to Comber, where he chairs the Oversight Committee this month. 37 00:01:48,640 --> 00:01:52,840 Speaker 5: We plan on having a hearing in September that will 38 00:01:52,960 --> 00:01:56,720 Speaker 5: kind of evaluate some of the things that we believe 39 00:01:57,800 --> 00:02:01,240 Speaker 5: have happened from the Biden family that are in violation 40 00:02:01,320 --> 00:02:04,559 Speaker 5: with our law. So what I said in January holds 41 00:02:04,560 --> 00:02:06,880 Speaker 5: true to today. We are following the money and we 42 00:02:06,920 --> 00:02:08,079 Speaker 5: will see where that leads. 43 00:02:07,840 --> 00:02:11,080 Speaker 2: To following the money, and not every Republican believes that 44 00:02:11,120 --> 00:02:13,799 Speaker 2: there is a case here. Ken Buck remains a thorn 45 00:02:13,840 --> 00:02:16,320 Speaker 2: in everyone's side on all this. The Republicans spoke about 46 00:02:16,320 --> 00:02:17,400 Speaker 2: it on CNA. 47 00:02:17,440 --> 00:02:19,040 Speaker 6: I have not seen any of it in some links 48 00:02:19,320 --> 00:02:22,239 Speaker 6: President Biden to Hunter Biden's activities. At this point, I 49 00:02:22,280 --> 00:02:24,280 Speaker 6: will be getting a briefing later in the week. I'm 50 00:02:24,280 --> 00:02:28,160 Speaker 6: looking forward to understanding more of what the Oversight Committee 51 00:02:28,160 --> 00:02:30,840 Speaker 6: has uncovered, but at this point I have not seen 52 00:02:30,840 --> 00:02:31,400 Speaker 6: that evidence. 53 00:02:31,680 --> 00:02:33,240 Speaker 2: All the while, at least de fon It called it 54 00:02:33,240 --> 00:02:36,720 Speaker 2: the biggest corruption scandal she thinks in the history of 55 00:02:36,760 --> 00:02:40,800 Speaker 2: the nation. This is where we begin, of all places, 56 00:02:40,800 --> 00:02:42,799 Speaker 2: with Stephanie Murphy, I didn't think this is what we'd 57 00:02:42,840 --> 00:02:45,240 Speaker 2: be talking about today. The former congresswoman from Florida is 58 00:02:45,240 --> 00:02:47,960 Speaker 2: with us, of course, a former member of the January 59 00:02:48,000 --> 00:02:50,000 Speaker 2: sixth Committee. It's great to have you back in Washington 60 00:02:50,000 --> 00:02:52,080 Speaker 2: and at the table here. Thanks for joining us on 61 00:02:52,200 --> 00:02:54,240 Speaker 2: sound On. This is not the only issue I want 62 00:02:54,280 --> 00:02:56,120 Speaker 2: to talk to you about. But you, of course served 63 00:02:56,160 --> 00:02:59,680 Speaker 2: through the two impeachments of Donald Trump. You remember that 64 00:03:00,360 --> 00:03:04,040 Speaker 2: back in September of twenty nineteen, when Speaker McCarthy laid 65 00:03:04,040 --> 00:03:07,280 Speaker 2: out that rationale does Nancy Pelosi deserve the blame for this. 66 00:03:08,040 --> 00:03:10,160 Speaker 7: You know, I think we should all brace ourselves for 67 00:03:10,200 --> 00:03:13,120 Speaker 7: a lot of hypocrisy in the days coming forward, where 68 00:03:13,360 --> 00:03:17,200 Speaker 7: positions were held when the other side was using techniques 69 00:03:17,200 --> 00:03:20,880 Speaker 7: that they now employed today and aren't critical of that. 70 00:03:21,000 --> 00:03:23,960 Speaker 7: And I think the impeachment inquiry without a vote is 71 00:03:24,120 --> 00:03:27,840 Speaker 7: one situation. McCarthy clearly is doing it because he doesn't 72 00:03:27,880 --> 00:03:30,160 Speaker 7: have the votes to take it to the floor to 73 00:03:30,520 --> 00:03:33,800 Speaker 7: get it passed. It's a four vote margin for him, 74 00:03:34,160 --> 00:03:37,280 Speaker 7: and so this is a way for him to theoretically 75 00:03:37,320 --> 00:03:40,760 Speaker 7: protect his vulnerable members, the eighteen who are in Biden 76 00:03:40,800 --> 00:03:46,040 Speaker 7: one districts. But once you open this impeachment can of worms, 77 00:03:46,480 --> 00:03:49,600 Speaker 7: you're not gonna be able to put it back. And 78 00:03:49,800 --> 00:03:52,680 Speaker 7: inevitably this is likely to lead to an impeachment and 79 00:03:52,960 --> 00:03:55,600 Speaker 7: he won't be able to protect his members from that vote. 80 00:03:55,680 --> 00:03:59,320 Speaker 7: And so it's just an interesting play to see how 81 00:04:00,040 --> 00:04:00,680 Speaker 7: it'll play out. 82 00:04:00,760 --> 00:04:02,640 Speaker 2: Well, that's the truth. I mean, an election year, he's 83 00:04:02,680 --> 00:04:04,880 Speaker 2: going to put at least eighteen people in the line 84 00:04:04,920 --> 00:04:07,160 Speaker 2: of fire because of that vote. To your point, right, 85 00:04:07,240 --> 00:04:11,040 Speaker 2: Republicans who won in Biden districts, if we can call them, 86 00:04:11,080 --> 00:04:12,680 Speaker 2: that could be in great peril. 87 00:04:13,200 --> 00:04:17,080 Speaker 7: Yeah, and I think those Republicans are more moderate Republicans. 88 00:04:17,120 --> 00:04:19,240 Speaker 7: They want to be focused on the economy. That is 89 00:04:19,320 --> 00:04:23,080 Speaker 7: actually a political point that they could win on because 90 00:04:23,320 --> 00:04:25,840 Speaker 7: the American people, based on the polling, are pretty unhappy 91 00:04:25,880 --> 00:04:28,440 Speaker 7: with the Biden administration on its handling of the economy, 92 00:04:28,760 --> 00:04:30,919 Speaker 7: and they want to be talking about the economy where 93 00:04:31,000 --> 00:04:35,440 Speaker 7: the Republicans have a strength, and instead all of the 94 00:04:35,560 --> 00:04:37,000 Speaker 7: error in the room is going to be sucked out 95 00:04:37,000 --> 00:04:38,480 Speaker 7: by the impeachment proceedings. 96 00:04:38,560 --> 00:04:40,480 Speaker 2: Well, so let's try to read between the lines here 97 00:04:40,480 --> 00:04:42,800 Speaker 2: a little bit. You know how this body works more 98 00:04:42,839 --> 00:04:45,839 Speaker 2: than most people. It's been suggested that this might actually 99 00:04:45,920 --> 00:04:48,000 Speaker 2: help the keep the government open, that members of the 100 00:04:48,040 --> 00:04:51,360 Speaker 2: Freedom Caucus wouldn't vote for a continuing resolution, or from 101 00:04:51,400 --> 00:04:53,840 Speaker 2: what I'm hearing, they still won't unless they got the 102 00:04:53,880 --> 00:04:56,440 Speaker 2: impeachment and where Marjorie Taylor Green wanted to connect the 103 00:04:56,480 --> 00:04:59,960 Speaker 2: two at one point, it's been suggested that the speakers 104 00:05:00,120 --> 00:05:02,480 Speaker 2: concerned about a motion to vacate he might get fired 105 00:05:02,520 --> 00:05:06,880 Speaker 2: if he doesn't launch an impeachment inquiry? Is it all 106 00:05:06,880 --> 00:05:07,440 Speaker 2: of the above? 107 00:05:07,880 --> 00:05:11,240 Speaker 7: You know this Congress, It really has seemed that Speaker 108 00:05:11,279 --> 00:05:14,600 Speaker 7: McCarthy is playing by live to fight another day. So 109 00:05:14,640 --> 00:05:18,000 Speaker 7: he handles each crisis in that moment, buys himself some space, 110 00:05:18,160 --> 00:05:21,280 Speaker 7: hoping that the dynamics change by the time the next 111 00:05:21,279 --> 00:05:24,080 Speaker 7: decision has to be made, right, and so, you know 112 00:05:24,160 --> 00:05:27,680 Speaker 7: they should be focused on funding the government, but you 113 00:05:27,720 --> 00:05:30,400 Speaker 7: know they've decided to open this impeachment inquiry. Does it 114 00:05:31,160 --> 00:05:34,640 Speaker 7: change some dynamics in his caucus? Maybe, But when you 115 00:05:34,680 --> 00:05:40,920 Speaker 7: don't link to things in legislatively, there's no guarantee that 116 00:05:40,960 --> 00:05:44,520 Speaker 7: you've bought anybody's vote for it. You know, because he 117 00:05:44,600 --> 00:05:47,120 Speaker 7: did this doesn't mean that the far right is suddenly 118 00:05:47,200 --> 00:05:49,000 Speaker 7: going to support funding the government. 119 00:05:49,040 --> 00:05:51,920 Speaker 2: Sure, yeah, you know what it's like to investigate something. 120 00:05:51,960 --> 00:05:55,360 Speaker 2: In fact that it was I believe, the largest investigation 121 00:05:55,440 --> 00:05:59,000 Speaker 2: in the history of the Congress January sixth Committee. We're 122 00:05:59,000 --> 00:06:02,080 Speaker 2: about to see the over side Committee, Ways and Means 123 00:06:02,120 --> 00:06:06,359 Speaker 2: and Judiciary embark upon this. The Department of Justice is already, 124 00:06:06,360 --> 00:06:09,440 Speaker 2: of course investigating Hunter Biden. There's a special council there. 125 00:06:10,080 --> 00:06:12,479 Speaker 2: Can they match the work of the DOJ what's about 126 00:06:12,480 --> 00:06:16,279 Speaker 2: to happen internally with an investigation like this launching well? 127 00:06:16,360 --> 00:06:18,480 Speaker 7: I also served on the Ways and Means Committee, where 128 00:06:18,560 --> 00:06:22,800 Speaker 7: we use Section sixty one oh three to get the 129 00:06:22,839 --> 00:06:25,960 Speaker 7: president's of the former president's tax records, which I expect 130 00:06:26,000 --> 00:06:27,800 Speaker 7: to see the ways and means Committee do this time 131 00:06:27,880 --> 00:06:33,000 Speaker 7: as well. But I think there are limits to the 132 00:06:33,040 --> 00:06:36,680 Speaker 7: investigative ability of Congress because a lot of folks on 133 00:06:37,000 --> 00:06:39,760 Speaker 7: when we asked them to pure before January six chose 134 00:06:39,800 --> 00:06:44,680 Speaker 7: not to. Although with Peter Navarro being convicted of contempt 135 00:06:44,680 --> 00:06:47,800 Speaker 7: of Congress, maybe that changes people's minds and they'll be 136 00:06:47,839 --> 00:06:51,000 Speaker 7: more willing to cooperate with do OJ When they issue 137 00:06:51,279 --> 00:06:54,599 Speaker 7: it's not a request, you know, and they have the 138 00:06:54,640 --> 00:06:57,000 Speaker 7: full force of the law behind them and are able 139 00:06:57,040 --> 00:07:01,080 Speaker 7: to secure information and testimony in a way that we 140 00:07:01,160 --> 00:07:02,640 Speaker 7: didn't always see with Congress. 141 00:07:02,920 --> 00:07:06,440 Speaker 2: Did you hear from the Special Council as a committee member, 142 00:07:06,880 --> 00:07:09,560 Speaker 2: to what extent was there ever cooperation or was that 143 00:07:09,600 --> 00:07:11,400 Speaker 2: a black box for you across the street. You didn't 144 00:07:11,400 --> 00:07:12,280 Speaker 2: know what was happening inside. 145 00:07:12,520 --> 00:07:15,120 Speaker 7: It was a black box, and at times, very frustratingly 146 00:07:15,240 --> 00:07:18,880 Speaker 7: a black box because initially they were just prosecuting the 147 00:07:18,880 --> 00:07:24,560 Speaker 7: low level participants in the January sixth insurrection, and so 148 00:07:24,800 --> 00:07:27,240 Speaker 7: as a member of the January sixth elect Comantee, I 149 00:07:27,280 --> 00:07:29,600 Speaker 7: wondered when were they going to get to the people 150 00:07:29,640 --> 00:07:31,080 Speaker 7: who masterminded all of. 151 00:07:31,040 --> 00:07:34,880 Speaker 2: This to that end, And I want to ask you 152 00:07:34,880 --> 00:07:38,040 Speaker 2: more about shut down politics here because you can probably 153 00:07:38,080 --> 00:07:40,240 Speaker 2: shed some light on what's about to happen. But what 154 00:07:40,760 --> 00:07:42,600 Speaker 2: went through your head when you saw the list of 155 00:07:42,640 --> 00:07:49,160 Speaker 2: the indictments roll out in Georgia, followed on that unsealed 156 00:07:49,200 --> 00:07:52,280 Speaker 2: recommendation by the Special Brand jury that brought in names 157 00:07:52,320 --> 00:07:56,720 Speaker 2: like Ruy Giuliani, Michael Flynn. You must have had flashbacks 158 00:07:56,760 --> 00:07:57,880 Speaker 2: from your own investigation. 159 00:07:57,960 --> 00:07:58,120 Speaker 1: You know. 160 00:07:58,200 --> 00:08:01,600 Speaker 7: I wasn't surprised to see those folks named. But I 161 00:08:01,640 --> 00:08:04,960 Speaker 7: want to remind the American people that it wasn't a 162 00:08:05,040 --> 00:08:07,760 Speaker 7: prosecutor who did this. This was a grand jury of 163 00:08:08,200 --> 00:08:12,160 Speaker 7: American citizens, average Americans who did their jury duty, who 164 00:08:12,560 --> 00:08:15,400 Speaker 7: saw the evidence presented to them and thought that there 165 00:08:15,520 --> 00:08:19,800 Speaker 7: was enough evidence to move forward. And they're the ones 166 00:08:19,800 --> 00:08:21,360 Speaker 7: that handed down that indictment. 167 00:08:21,560 --> 00:08:25,680 Speaker 2: Should Rudy Giuliani have been included in those indicted, you. 168 00:08:25,640 --> 00:08:29,720 Speaker 7: Know, I am always let the legal system make the 169 00:08:29,760 --> 00:08:34,959 Speaker 7: decisions that they think they can support beyond a reasonable doubt, 170 00:08:35,320 --> 00:08:37,760 Speaker 7: And you never know who's cooperating in the background and 171 00:08:37,800 --> 00:08:40,560 Speaker 7: what kinds of inside deals are going on there. 172 00:08:40,800 --> 00:08:43,520 Speaker 2: Oh true, As we spend some time with Stephanie Murphy, 173 00:08:43,559 --> 00:08:46,480 Speaker 2: the former congresswoman from Florida. If you were still in 174 00:08:46,520 --> 00:08:49,080 Speaker 2: the building, what would you be preparing for here? It 175 00:08:49,080 --> 00:08:52,400 Speaker 2: looks like there might be a stopgap solution. Budgets hawks, though, 176 00:08:53,400 --> 00:08:56,400 Speaker 2: seem to be off the rails unless something major changes here, 177 00:08:56,600 --> 00:08:58,480 Speaker 2: not only between the House and the Senate, but between 178 00:08:58,520 --> 00:09:02,080 Speaker 2: Republicans in the House. Democrats don't have a lot of 179 00:09:02,120 --> 00:09:04,480 Speaker 2: power over what's about to happen. Right, do you think 180 00:09:04,480 --> 00:09:05,680 Speaker 2: that we'll avoid a shutdown? 181 00:09:06,760 --> 00:09:09,840 Speaker 7: It looks like we're barreling headlong into a shutdown. And 182 00:09:09,880 --> 00:09:11,600 Speaker 7: I think if I were still a member, I'd be 183 00:09:11,600 --> 00:09:14,760 Speaker 7: preparing for some long nights and maybe weekends in Washington. 184 00:09:15,360 --> 00:09:19,800 Speaker 7: As shutdowns happen, they try to They usually try to 185 00:09:19,840 --> 00:09:23,199 Speaker 7: time the shutdown for like a Friday, and then use 186 00:09:23,240 --> 00:09:27,280 Speaker 7: the weekend to negotiate through it so that the impact 187 00:09:27,400 --> 00:09:31,640 Speaker 7: is muted on the federal government and federal workers, and 188 00:09:31,679 --> 00:09:35,920 Speaker 7: hopefully by Monday morning you have a solution. But we 189 00:09:35,960 --> 00:09:38,000 Speaker 7: are dealing with people who don't believe in government, the 190 00:09:38,040 --> 00:09:40,760 Speaker 7: far right. A shutdown isn't a bad thing for them. 191 00:09:40,840 --> 00:09:43,760 Speaker 7: That's actually what they members are calling for calling for. 192 00:09:43,960 --> 00:09:47,320 Speaker 7: So I think this could be a protracted standoff. 193 00:09:47,400 --> 00:09:52,120 Speaker 2: Goldman Sachs says, two to three weeks for a possible shutdown. 194 00:09:52,200 --> 00:09:53,200 Speaker 2: Is that real in your view? 195 00:09:54,120 --> 00:09:58,000 Speaker 7: Because we have they have defanged the shutdown, so it 196 00:09:58,080 --> 00:10:01,679 Speaker 7: isn't you know, it's viticating, not a total shutdown. It 197 00:10:01,720 --> 00:10:04,360 Speaker 7: allows shutdowns to drag on for a little bit longer, 198 00:10:05,360 --> 00:10:08,000 Speaker 7: and so I think buckle up. This fall is going 199 00:10:08,040 --> 00:10:09,040 Speaker 7: to be an interesting one. 200 00:10:09,120 --> 00:10:11,040 Speaker 2: Well, it's an interesting world we're in when we consider 201 00:10:11,240 --> 00:10:14,880 Speaker 2: depriving members of the military their paychecks. And I realized 202 00:10:14,880 --> 00:10:17,200 Speaker 2: those would be restored after the fact, But that's happening 203 00:10:17,240 --> 00:10:19,560 Speaker 2: at the same time as a loan senator from Alabama 204 00:10:20,080 --> 00:10:24,360 Speaker 2: conducts this blockade on military promotions. Senator Tommy Tubberville, in fact, 205 00:10:24,480 --> 00:10:27,640 Speaker 2: joined us yesterday here on Bloomberg on Balance of Power. 206 00:10:28,000 --> 00:10:32,640 Speaker 2: On Bloomberg TV. I asked him about readiness. You used 207 00:10:32,679 --> 00:10:34,680 Speaker 2: to work for the Department of Defense, and you have 208 00:10:34,720 --> 00:10:36,559 Speaker 2: a sense of what we're talking about here more than 209 00:10:36,920 --> 00:10:38,680 Speaker 2: those of us who have not served. Here's what the 210 00:10:38,679 --> 00:10:40,840 Speaker 2: senator said, and I'll be curious to have you respond. 211 00:10:41,040 --> 00:10:44,079 Speaker 8: They have no clue of what this policy is. They 212 00:10:44,160 --> 00:10:46,920 Speaker 8: just wanted to change it to let the American people know, Hey, 213 00:10:47,120 --> 00:10:49,000 Speaker 8: we can do what we want to, and I'm not 214 00:10:49,000 --> 00:10:50,560 Speaker 8: going to allow him to do it. Now. If they 215 00:10:50,600 --> 00:10:52,760 Speaker 8: continue to do it, we're going to have the same 216 00:10:52,800 --> 00:10:56,160 Speaker 8: people in place as admirals and generals. Again, there's no 217 00:10:56,240 --> 00:10:58,960 Speaker 8: readiness problem. We got people in place that are doing 218 00:10:59,000 --> 00:10:59,600 Speaker 8: their jobs. 219 00:11:00,679 --> 00:11:03,520 Speaker 2: His point is that if this continues, and by the way, 220 00:11:03,559 --> 00:11:06,800 Speaker 2: we're at nine months or something at this point, military 221 00:11:06,880 --> 00:11:11,480 Speaker 2: families and temporary housing waiting for confirmations. We don't know when, 222 00:11:12,720 --> 00:11:15,080 Speaker 2: but he says, hey, we've already got good generals and 223 00:11:15,080 --> 00:11:17,960 Speaker 2: officers in place. What's the difference if they hang on 224 00:11:18,000 --> 00:11:20,520 Speaker 2: a little longer. How does this impact readiness in your viewer? 225 00:11:20,559 --> 00:11:21,040 Speaker 2: Doesn't it? 226 00:11:21,480 --> 00:11:24,079 Speaker 7: I think it impacts not only readiness, but morale in 227 00:11:24,200 --> 00:11:28,240 Speaker 7: leadership within the Department of Defense and within the military broadly. 228 00:11:28,320 --> 00:11:31,600 Speaker 7: And it's actually really ironic that the party who wraps 229 00:11:31,640 --> 00:11:34,160 Speaker 7: itself in the flag and in the military is the 230 00:11:34,160 --> 00:11:37,959 Speaker 7: one that is harming military families and the US military's 231 00:11:37,960 --> 00:11:43,760 Speaker 7: readiness at a time when our adversaries are challenging our 232 00:11:43,920 --> 00:11:47,480 Speaker 7: leadership in the world. You know, one of the first 233 00:11:47,520 --> 00:11:51,640 Speaker 7: areas that gets cut is training, and that goes directly 234 00:11:51,679 --> 00:11:55,080 Speaker 7: to readiness. We don't let our pilots, you know, fly, 235 00:11:56,000 --> 00:11:59,720 Speaker 7: they don't use live ammunitions and training. Those are ways 236 00:11:59,760 --> 00:12:03,840 Speaker 7: and which the military can reduce its spending. And it 237 00:12:03,880 --> 00:12:06,720 Speaker 7: goes right to the readiness piece. But on the leadership piece, 238 00:12:07,200 --> 00:12:11,600 Speaker 7: the Joint Chief of Staff, he has a deadline where 239 00:12:11,640 --> 00:12:14,880 Speaker 7: he cannot continue to serve. And so we're going to 240 00:12:14,960 --> 00:12:19,120 Speaker 7: let our military go without a military leader because one 241 00:12:19,200 --> 00:12:20,760 Speaker 7: senator wants to be obstructionist. 242 00:12:21,880 --> 00:12:23,559 Speaker 2: We're going to speak a little bit later in the 243 00:12:23,559 --> 00:12:26,800 Speaker 2: broadcast with Michael McCall, one of your former Republican colleagues, 244 00:12:26,880 --> 00:12:31,040 Speaker 2: chairs the House Foreign Affairs Committee. He called this paralyzing 245 00:12:31,559 --> 00:12:35,520 Speaker 2: to our military. Is it going to take more Republicans 246 00:12:35,559 --> 00:12:38,080 Speaker 2: like Michael McCall to bring this to an end? What's 247 00:12:38,160 --> 00:12:40,000 Speaker 2: the off ramp here for Tommy Tuberville. 248 00:12:40,200 --> 00:12:43,240 Speaker 7: I think the Senate Republicans own this one. And Mike's 249 00:12:43,280 --> 00:12:45,560 Speaker 7: a great guy, and I'm glad to hear him using 250 00:12:45,559 --> 00:12:50,720 Speaker 7: his voice. He's reasonable, he understands the debilitating nature of 251 00:12:50,760 --> 00:12:53,800 Speaker 7: what is happening, and he cares about the military and 252 00:12:53,840 --> 00:12:56,720 Speaker 7: the families, and so I'm glad that hear him speaking out. 253 00:12:56,960 --> 00:13:01,160 Speaker 7: But Senate Republicans need to make life very uncomfortable for 254 00:13:01,480 --> 00:13:06,679 Speaker 7: the senator who's holding up all of these confirmations. 255 00:13:07,360 --> 00:13:11,840 Speaker 2: Should the White House or should the Administration threaten federal 256 00:13:11,880 --> 00:13:15,120 Speaker 2: funding for programs in Alabama? How do you make them uncomfortable? 257 00:13:15,200 --> 00:13:18,680 Speaker 7: Well, I don't think that we should weaponize government because 258 00:13:18,679 --> 00:13:20,920 Speaker 7: you're just really punishing people who live in Alabama if 259 00:13:20,960 --> 00:13:23,440 Speaker 7: you were to threaten that. But you know, his senate 260 00:13:23,480 --> 00:13:26,520 Speaker 7: colleagues need to put pressure on him, find out what 261 00:13:26,600 --> 00:13:30,200 Speaker 7: it is that he needs and give him half of 262 00:13:30,240 --> 00:13:32,200 Speaker 7: that half of a loaf and then move on. But 263 00:13:32,280 --> 00:13:37,400 Speaker 7: this is playing with our national security and it's hurting 264 00:13:37,440 --> 00:13:39,920 Speaker 7: the very people who have stepped up and decided to 265 00:13:39,920 --> 00:13:40,760 Speaker 7: serve this country. 266 00:13:40,880 --> 00:13:42,800 Speaker 2: Well, one thing we know is he's not getting space 267 00:13:42,840 --> 00:13:46,199 Speaker 2: commands in Alabama. Maybe that's the beginning of the pressure. Right. 268 00:13:46,520 --> 00:13:48,199 Speaker 2: I'm so glad you could come to see us whenever 269 00:13:48,200 --> 00:13:51,079 Speaker 2: you're in Washington. I hope you will do that very thing. 270 00:13:51,120 --> 00:13:53,600 Speaker 2: Stephanie Murphy, thanks for talking with us. As always, great 271 00:13:53,640 --> 00:13:56,160 Speaker 2: to hear on Blomberg Radio and on YouTube. I'm Joe 272 00:13:56,200 --> 00:13:59,240 Speaker 2: Matthew and Washington. Thanks again to the former congresswoman and 273 00:13:59,280 --> 00:14:01,719 Speaker 2: a fascinating conversation that will bring to our panel next. 274 00:14:01,800 --> 00:14:04,960 Speaker 2: Rick Davis and gd Shanzano only here on sound On. 275 00:14:05,320 --> 00:14:06,559 Speaker 2: This is Bloomberg. 276 00:14:07,720 --> 00:14:11,120 Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch the 277 00:14:11,120 --> 00:14:15,000 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 278 00:14:15,080 --> 00:14:18,439 Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App. 279 00:14:18,559 --> 00:14:21,400 Speaker 1: You can also listen live on Amazon Alexa from our 280 00:14:21,440 --> 00:14:26,240 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 281 00:14:27,120 --> 00:14:29,600 Speaker 2: As we find the headline on the terminal, GOP hardliners 282 00:14:29,640 --> 00:14:32,720 Speaker 2: stall military funding, raising shutdown risk, and we add the 283 00:14:32,800 --> 00:14:36,280 Speaker 2: voice now of Michael McCall, the Congressman from Texas who 284 00:14:36,360 --> 00:14:39,560 Speaker 2: chairs the House Foreign Affairs Committee. Congressman, it's great to 285 00:14:39,560 --> 00:14:42,080 Speaker 2: have you with us on Bloomberg. Thanks for coming back, 286 00:14:42,160 --> 00:14:43,800 Speaker 2: and now that we're getting back into the swing of 287 00:14:43,840 --> 00:14:46,600 Speaker 2: things here in Washington, indeed, we'd like to ask you 288 00:14:46,640 --> 00:14:49,120 Speaker 2: about a few issues. But with regard to this latest 289 00:14:49,120 --> 00:14:51,920 Speaker 2: development here, did that make a government shutdown more likely? 290 00:14:52,160 --> 00:14:55,000 Speaker 9: Well, as I understand if the rule has been postponed, 291 00:14:55,000 --> 00:14:58,160 Speaker 9: I think they're working out details with the Defense of 292 00:14:58,280 --> 00:15:01,600 Speaker 9: Corporations Bill, so not try to read too much into that. 293 00:15:01,840 --> 00:15:05,200 Speaker 9: I'm still hopeful that we will have, you know, a 294 00:15:05,280 --> 00:15:08,880 Speaker 9: rule vote this evening and move forward with the defensive 295 00:15:08,880 --> 00:15:13,600 Speaker 9: Corporations bill, you know, possibly as early as tomorrow. So 296 00:15:13,640 --> 00:15:18,040 Speaker 9: I don't see that shutdown as imminent as maybe you're indicating. 297 00:15:18,520 --> 00:15:20,560 Speaker 9: You know, frankly, I'm not a big fan of shut down. 298 00:15:21,440 --> 00:15:24,960 Speaker 9: I've never seen a shut down work very well, especially 299 00:15:25,000 --> 00:15:29,280 Speaker 9: for my party. Republicans always tend to lose when the 300 00:15:29,360 --> 00:15:32,080 Speaker 9: government shut down. So I think the American people want 301 00:15:32,120 --> 00:15:35,640 Speaker 9: us to govern and they want us to get things done. 302 00:15:35,880 --> 00:15:38,120 Speaker 9: I think the Speaker is trying to do that, and it's, 303 00:15:38,280 --> 00:15:42,520 Speaker 9: as you noted, very difficult under the circumstances. But you know, 304 00:15:42,560 --> 00:15:45,040 Speaker 9: he's always been underestimated every time, and he seems to 305 00:15:45,080 --> 00:15:47,080 Speaker 9: be able to pull, you know, a rabbit out of 306 00:15:47,080 --> 00:15:51,120 Speaker 9: a hat, you know, in prior legislation that we've had. 307 00:15:51,200 --> 00:15:54,080 Speaker 9: So I still remain optimistic. 308 00:15:53,640 --> 00:15:56,520 Speaker 10: Comes And what we're talking about here is that hardline 309 00:15:56,520 --> 00:15:59,640 Speaker 10: House Republicans didn't even vote to allow defense spending to 310 00:15:59,640 --> 00:16:02,680 Speaker 10: be baited. This is in the House. In the Senate, 311 00:16:02,800 --> 00:16:05,840 Speaker 10: we still have Senator Tommy Tuberville holding up more than 312 00:16:05,880 --> 00:16:10,360 Speaker 10: three hundred military nominations. What do you say to American 313 00:16:10,440 --> 00:16:12,600 Speaker 10: people who look at both the House and the Senate 314 00:16:12,880 --> 00:16:17,480 Speaker 10: and say, the Republican Party is potentially hurting the US preparedness, 315 00:16:17,520 --> 00:16:21,280 Speaker 10: military preparedness, and it can cause national security concerns. 316 00:16:22,320 --> 00:16:26,000 Speaker 9: I share those concerns and I voice those on CNN 317 00:16:26,600 --> 00:16:29,080 Speaker 9: Stay of the Union on Sunday. But you know, I 318 00:16:29,080 --> 00:16:31,840 Speaker 9: think it's important to put into context the Biden administration 319 00:16:32,440 --> 00:16:37,000 Speaker 9: for the first time used taxpayer dollars to fund this 320 00:16:37,440 --> 00:16:40,800 Speaker 9: abortions within the military. That's never been done on the 321 00:16:40,880 --> 00:16:45,240 Speaker 9: National Defense Authorization that in fact, we cured that in 322 00:16:45,280 --> 00:16:48,680 Speaker 9: the House with our NBA bill that will be conference 323 00:16:48,760 --> 00:16:51,560 Speaker 9: with the Senate. So my whole point was that I 324 00:16:51,560 --> 00:16:55,840 Speaker 9: don't think one senator blocking all these nominations is really 325 00:16:56,280 --> 00:16:59,520 Speaker 9: the more productive route. I think the best route is 326 00:16:59,560 --> 00:17:01,560 Speaker 9: to deal with this in the conference committee that we 327 00:17:01,640 --> 00:17:05,439 Speaker 9: will have House and Senate to ensure that taxpayer dollars 328 00:17:05,520 --> 00:17:09,280 Speaker 9: not being used for abortions in the military. I think 329 00:17:09,320 --> 00:17:11,520 Speaker 9: holding up these nominations. I've talked to a lot of 330 00:17:12,000 --> 00:17:15,480 Speaker 9: you know, brass at the Pentagon, and what I just 331 00:17:15,560 --> 00:17:18,680 Speaker 9: worry about is that it will impact our national security. 332 00:17:19,800 --> 00:17:21,879 Speaker 9: There's a debate about that, but I don't see how 333 00:17:21,920 --> 00:17:25,000 Speaker 9: you can have all these openings unfilled without having some 334 00:17:25,160 --> 00:17:28,600 Speaker 9: impact on the ability of the military to be ready. 335 00:17:29,000 --> 00:17:32,800 Speaker 2: We were actually joined around this time yesterday by Senator 336 00:17:32,840 --> 00:17:36,360 Speaker 2: Tommy Tubberville himself. He made the case to us that 337 00:17:36,400 --> 00:17:39,760 Speaker 2: this does not impact readiness, that the rank and file 338 00:17:39,800 --> 00:17:42,400 Speaker 2: will be just fine, and we have too many generals anyway, 339 00:17:42,720 --> 00:17:46,760 Speaker 2: you've called this paralyzing to the military, Congressman, what message 340 00:17:46,760 --> 00:17:47,919 Speaker 2: does it send to China? 341 00:17:48,640 --> 00:17:50,960 Speaker 9: Well, if we don't have top key positions in the 342 00:17:50,960 --> 00:17:53,879 Speaker 9: Pentagon filled, I think it's a sign of weakness. I 343 00:17:53,880 --> 00:17:57,119 Speaker 9: think it projects weakness, and that's always very dangerous and 344 00:17:57,600 --> 00:18:01,600 Speaker 9: invites aggression. I know that Schumer does have the ability 345 00:18:01,640 --> 00:18:04,920 Speaker 9: to put these nominees forward, and I would hope they 346 00:18:04,920 --> 00:18:08,280 Speaker 9: can come to a consensus over there, But just holding 347 00:18:08,320 --> 00:18:14,440 Speaker 9: up these nominations ad infinotum, I think is dangerous. It's 348 00:18:14,520 --> 00:18:17,879 Speaker 9: well intentioned. I think he and I both agree that 349 00:18:18,040 --> 00:18:21,080 Speaker 9: being center of Tuberville and I both agree that taxpayer 350 00:18:21,160 --> 00:18:23,480 Speaker 9: dollars should not be used for abortions in the military. 351 00:18:24,080 --> 00:18:27,160 Speaker 9: We fix that in the House. We're going to conference 352 00:18:27,200 --> 00:18:30,159 Speaker 9: with the Senate, and I feel very confident that that 353 00:18:30,200 --> 00:18:35,159 Speaker 9: will be not be a part of the final package. 354 00:18:35,760 --> 00:18:38,360 Speaker 9: But you know, it's all about the method and how 355 00:18:38,400 --> 00:18:40,720 Speaker 9: you want to achieve the same goal. And I think 356 00:18:40,720 --> 00:18:45,080 Speaker 9: holding up these nominees in key positions at the Pentagon 357 00:18:45,520 --> 00:18:48,679 Speaker 9: does not send a very good message. 358 00:18:48,280 --> 00:18:50,480 Speaker 10: When you look at when you look at China, we 359 00:18:50,600 --> 00:18:52,760 Speaker 10: have to ask you what you make of Huawei coming 360 00:18:52,800 --> 00:18:55,600 Speaker 10: out with this phone that looks like they use technology, 361 00:18:55,880 --> 00:18:59,600 Speaker 10: the exact technology that they're export controls on China and 362 00:18:59,680 --> 00:19:04,280 Speaker 10: Chinese companies CSM I see and also Huawei both on 363 00:19:04,520 --> 00:19:08,280 Speaker 10: the entities list to make sure that China actually doesn't 364 00:19:08,280 --> 00:19:11,640 Speaker 10: have these capabilities yet a phone arrives. Do you think 365 00:19:11,720 --> 00:19:14,840 Speaker 10: the export controls that are on China right now are working? 366 00:19:15,080 --> 00:19:20,000 Speaker 9: They're not being enforced. Schmick has American component parts. This 367 00:19:20,160 --> 00:19:23,920 Speaker 9: seven nanometer chip is a very advanced chip, and it's 368 00:19:24,000 --> 00:19:28,919 Speaker 9: now in Huawei's five G smartphone. This is very disturbing 369 00:19:28,960 --> 00:19:32,639 Speaker 9: in a major violation of our export control laws. I 370 00:19:32,680 --> 00:19:36,439 Speaker 9: sent a letter today to Secretary Romando, and I have 371 00:19:36,640 --> 00:19:40,560 Speaker 9: jurisdiction over BIS, which is a Bureau of Industry and 372 00:19:40,600 --> 00:19:44,159 Speaker 9: Security in charge of export control because this was not 373 00:19:44,400 --> 00:19:48,600 Speaker 9: enforced and now they've got this very advanced technology seven 374 00:19:48,720 --> 00:19:49,560 Speaker 9: nanimeter chip. 375 00:19:50,119 --> 00:19:50,359 Speaker 2: Yep. 376 00:19:50,960 --> 00:19:53,760 Speaker 9: You know, when you look at the hypersonic program that 377 00:19:53,840 --> 00:19:56,840 Speaker 9: was built on the back going of American technology when 378 00:19:56,840 --> 00:19:59,720 Speaker 9: it comes to the seven NANIMETERI chip, and you look 379 00:19:59,760 --> 00:20:03,760 Speaker 9: at the like AI and the future of warfare which 380 00:20:03,800 --> 00:20:08,400 Speaker 9: will involve this kind of semiconductor chip. That is what 381 00:20:08,560 --> 00:20:12,400 Speaker 9: is most disturbing to me is that now China they're 382 00:20:12,440 --> 00:20:15,159 Speaker 9: they're very good. They don't really invent things, they're very 383 00:20:15,160 --> 00:20:18,840 Speaker 9: good at stealing our technology. And this is another good example. 384 00:20:19,200 --> 00:20:22,520 Speaker 9: And you know the timing, Amory, this is announced the 385 00:20:22,600 --> 00:20:26,479 Speaker 9: day that Secretory Tormando left Beijing with a real slap 386 00:20:26,520 --> 00:20:29,920 Speaker 9: in the face that hey, now we got your technology, 387 00:20:30,680 --> 00:20:34,080 Speaker 9: we got your most advanced semi conductor chip. We got 388 00:20:34,119 --> 00:20:36,399 Speaker 9: to stop doing this. We've got to stop selling to 389 00:20:36,560 --> 00:20:40,480 Speaker 9: China our most advanced technology that they then turn that 390 00:20:40,560 --> 00:20:43,280 Speaker 9: will turn and use against us if God forbid, we 391 00:20:43,359 --> 00:20:44,840 Speaker 9: have a conflict in the Pacific. 392 00:20:45,200 --> 00:20:48,200 Speaker 2: Well, so the Congressman, is your committee working up sanctions 393 00:20:48,280 --> 00:20:52,280 Speaker 2: on SMIC or should we be talking about a total severing, 394 00:20:52,320 --> 00:20:56,480 Speaker 2: a total cut off of our technological relationship with China 395 00:20:56,520 --> 00:20:57,159 Speaker 2: at this point? 396 00:20:57,520 --> 00:21:01,439 Speaker 9: No, we can't cut all trade, but I would argue 397 00:21:01,440 --> 00:21:05,840 Speaker 9: that with respect to certain sectors. Yeah, like the advanced 398 00:21:05,840 --> 00:21:10,920 Speaker 9: semiconductor chips like AI, like quantum computing. This is something 399 00:21:10,960 --> 00:21:14,920 Speaker 9: I've talked to the Commerce Department about making it more 400 00:21:15,640 --> 00:21:19,800 Speaker 9: rather than companies specific, because China will change the name 401 00:21:19,800 --> 00:21:23,240 Speaker 9: of the companies. But if you make it sector specific, 402 00:21:23,840 --> 00:21:26,119 Speaker 9: to me, that's a better way to handle this. That way, 403 00:21:26,640 --> 00:21:31,240 Speaker 9: all exports regarding ai cannot be export to China, all 404 00:21:31,240 --> 00:21:36,080 Speaker 9: exports regarding quantum and advanced semi conductor of chips, and 405 00:21:36,119 --> 00:21:38,679 Speaker 9: that way you deal with it in a very I 406 00:21:38,720 --> 00:21:41,360 Speaker 9: think a blot, you know, broader blanket that I think 407 00:21:41,440 --> 00:21:44,840 Speaker 9: would apply. And we're gonna have commerce with China. They're 408 00:21:44,880 --> 00:21:48,880 Speaker 9: a big market for the United States and we buy 409 00:21:48,920 --> 00:21:51,479 Speaker 9: a lot from them, but when it comes to national 410 00:21:51,520 --> 00:21:57,960 Speaker 9: security supply chain like semiconductors like critical minerals, rare minerals, 411 00:21:57,960 --> 00:22:01,520 Speaker 9: and medical, we need to start pulling that supply chain out. 412 00:22:01,800 --> 00:22:04,040 Speaker 9: The reason I introduced the Chips for America Act and 413 00:22:04,080 --> 00:22:07,760 Speaker 9: got it passed was Secretary Pompeo came to me and 414 00:22:07,840 --> 00:22:10,440 Speaker 9: so we got to pull supply chain out of Taiwan. 415 00:22:11,040 --> 00:22:16,160 Speaker 9: Because TSMC controls ninety percent of the advanced semi connector 416 00:22:16,200 --> 00:22:21,040 Speaker 9: manufacturing for the world. So imagine the scenario where China 417 00:22:21,080 --> 00:22:24,959 Speaker 9: invades Taiwan with a blockade and cutting the sea cable. 418 00:22:25,320 --> 00:22:29,040 Speaker 9: Then they either own or break ninety percent of the 419 00:22:29,040 --> 00:22:32,440 Speaker 9: world's advanced semi connector chip manufacturing. 420 00:22:32,760 --> 00:22:34,640 Speaker 10: When you look at what happened this week, we saw 421 00:22:34,680 --> 00:22:37,479 Speaker 10: Kim jongoon make his way to Russia to meet with 422 00:22:37,680 --> 00:22:41,200 Speaker 10: President Putin. The individual who could probably put the pressure 423 00:22:41,240 --> 00:22:45,080 Speaker 10: on both those two leaders those dictators would be Shijingping. 424 00:22:45,640 --> 00:22:48,359 Speaker 10: Do you think it's wise the administration still seeks a 425 00:22:48,400 --> 00:22:50,480 Speaker 10: meeting with Hijingping to try to make sure at least 426 00:22:50,520 --> 00:22:53,679 Speaker 10: they're putting pressure on Beijing to then put more of 427 00:22:53,720 --> 00:22:56,679 Speaker 10: a pressure on both its neighbors in Russia and in 428 00:22:56,720 --> 00:22:57,680 Speaker 10: North Korea. 429 00:22:57,800 --> 00:23:01,960 Speaker 9: Look, I think it's it's always good to have meetings 430 00:23:02,000 --> 00:23:05,560 Speaker 9: and have conversations, but you don't concede certain things that 431 00:23:05,720 --> 00:23:09,520 Speaker 9: I think, you know, we saw like a certain export 432 00:23:09,600 --> 00:23:12,600 Speaker 9: controls were pulled back prior to these meetings. You don't 433 00:23:13,160 --> 00:23:15,560 Speaker 9: you don't make concessions before just to have a meeting 434 00:23:15,560 --> 00:23:16,520 Speaker 9: in and of itself. 435 00:23:17,240 --> 00:23:17,440 Speaker 1: Uh. 436 00:23:17,520 --> 00:23:20,000 Speaker 9: You have to negotiate out of strength and leverage, not 437 00:23:20,080 --> 00:23:23,199 Speaker 9: out of weakness. And that's my concern about, you know, 438 00:23:23,240 --> 00:23:25,920 Speaker 9: the meanings that took place. I don't think China's gonna 439 00:23:25,960 --> 00:23:30,879 Speaker 9: ever talk Kim John neum down because you know, Chairman 440 00:23:31,000 --> 00:23:34,320 Speaker 9: Chi is a direct ally of Putin. I mean they 441 00:23:34,359 --> 00:23:38,480 Speaker 9: made this unholy alliance at the Beijing Olympics just weeks 442 00:23:38,480 --> 00:23:42,440 Speaker 9: before the invasion into Ukraine, and the idea that they're 443 00:23:42,440 --> 00:23:45,800 Speaker 9: not joined at the hip is absolutely false. I mean 444 00:23:46,119 --> 00:23:50,800 Speaker 9: this is an alliance of China, Russia, Iran and North Korea. 445 00:23:51,600 --> 00:23:53,960 Speaker 9: North Korea is gonna start putting their stuff in the 446 00:23:53,960 --> 00:23:59,159 Speaker 9: Iran's already putting their drones into Ukraine. We're even seeing 447 00:23:59,240 --> 00:24:02,520 Speaker 9: you know, Mercy Mary's from Cuba, you know, going into 448 00:24:02,600 --> 00:24:05,560 Speaker 9: Russia and into the Ukraine fight. So this is really 449 00:24:05,640 --> 00:24:09,560 Speaker 9: playing out very dramatically between these dictators and the rest 450 00:24:09,560 --> 00:24:12,640 Speaker 9: of the free world. And that's really what's at stake 451 00:24:12,720 --> 00:24:13,160 Speaker 9: right now. 452 00:24:13,440 --> 00:24:15,560 Speaker 2: These are dangerous times and we're glad to have you 453 00:24:15,600 --> 00:24:18,760 Speaker 2: with us, mister Chairman Michael McCall. Thanks to you, Congressman 454 00:24:18,800 --> 00:24:21,240 Speaker 2: from Texas to cherish the House Foreign Affairs Committee. Don't 455 00:24:21,240 --> 00:24:22,720 Speaker 2: be a stranger. We'd like to stay in touch with 456 00:24:22,800 --> 00:24:24,160 Speaker 2: you on these issues. 457 00:24:25,200 --> 00:24:28,679 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 458 00:24:28,720 --> 00:24:31,879 Speaker 1: live weekdays at one Eastern on Bloomberg dot Com, the 459 00:24:31,960 --> 00:24:35,040 Speaker 1: iHeartRadio app, and the Bloomberg Business app or listen on 460 00:24:35,119 --> 00:24:37,120 Speaker 1: demand wherever you get your podcasts. 461 00:24:38,080 --> 00:24:42,840 Speaker 2: The headline on the terminal Republicans kickoff Biden impeachment push 462 00:24:43,680 --> 00:24:48,360 Speaker 2: on uncertain grounds. It gets to the fact that the votes, well, 463 00:24:48,400 --> 00:24:50,840 Speaker 2: they may not be there. And that's maybe why Speaker 464 00:24:50,920 --> 00:24:55,160 Speaker 2: McCarthy is launching an impeachment inquiry into Joe Biden without 465 00:24:55,680 --> 00:24:59,280 Speaker 2: calling a vote, knowing that he he demonized Nancy Pelosi 466 00:24:59,320 --> 00:25:02,679 Speaker 2: for doing the very SAE thing back in twenty fourteen, 467 00:25:04,880 --> 00:25:08,240 Speaker 2: and here we are again. I guess that was twenty nineteen. 468 00:25:08,320 --> 00:25:12,280 Speaker 2: Forgive me the twenty fourth of September, as he reminded 469 00:25:12,320 --> 00:25:15,080 Speaker 2: us today, and this is what he said at that moment. 470 00:25:15,160 --> 00:25:18,760 Speaker 3: Our job is to legislate, not to continue to investigate 471 00:25:18,800 --> 00:25:21,480 Speaker 3: something in the back when you cannot find any reason 472 00:25:21,560 --> 00:25:25,560 Speaker 3: to impeach this president. She cannot unilaterally decide we're in 473 00:25:25,600 --> 00:25:27,479 Speaker 3: an impeachment inquiry. 474 00:25:28,440 --> 00:25:31,280 Speaker 2: But there could be some other issues here. The call 475 00:25:31,359 --> 00:25:34,600 Speaker 2: is coming from inside the House. Look no further than 476 00:25:34,600 --> 00:25:38,000 Speaker 2: Matt Gates, the congressman from Florida, who took to the 477 00:25:38,040 --> 00:25:42,320 Speaker 2: floor of the House yesterday to express his great disappointment 478 00:25:43,000 --> 00:25:47,240 Speaker 2: in mister Speaker. Impeachment inquiry or not. 479 00:25:47,760 --> 00:25:52,159 Speaker 11: No continuing resolutions, individual spending bills or bust votes on 480 00:25:52,280 --> 00:25:56,399 Speaker 11: balanced budgets, and term limits, subpoenas for Hunter Biden and 481 00:25:56,440 --> 00:25:59,000 Speaker 11: the members of the Biden family who've been grifting off 482 00:25:59,040 --> 00:26:02,280 Speaker 11: of this country, and the impeachment for Joe Biden that 483 00:26:02,400 --> 00:26:06,800 Speaker 11: he so richly deserves. Do these things or face a 484 00:26:06,920 --> 00:26:08,840 Speaker 11: motion to vacate the chair. 485 00:26:09,560 --> 00:26:12,920 Speaker 2: Motion to vacate none if Marjorie Taylor Green has anything 486 00:26:13,200 --> 00:26:16,159 Speaker 2: to say about it, though, the congresswoman from Georgia talking 487 00:26:16,160 --> 00:26:19,720 Speaker 2: about it on Newsmax, laying it down for Eric Bowling 488 00:26:19,840 --> 00:26:20,280 Speaker 2: last night. 489 00:26:20,560 --> 00:26:22,879 Speaker 12: I think that we need to give Kevin McCarthy credit. 490 00:26:23,160 --> 00:26:26,000 Speaker 12: He's doing the right thing and he's actually leading the 491 00:26:26,080 --> 00:26:30,720 Speaker 12: House and opening the impeachment inquiry that I've been demanding, Eric, 492 00:26:30,760 --> 00:26:33,480 Speaker 12: and I'm thrilled about it, and I really want this 493 00:26:33,560 --> 00:26:36,639 Speaker 12: to happen, and I don't want anyone to stop it. 494 00:26:36,960 --> 00:26:39,560 Speaker 12: And so that's why I've been saying, we don't need 495 00:26:39,600 --> 00:26:42,159 Speaker 12: a motion to vacate. We don't need to be the 496 00:26:42,200 --> 00:26:45,359 Speaker 12: party of chaos. We need to diligently do our work, 497 00:26:45,480 --> 00:26:47,280 Speaker 12: continue with the impeachment inquiry. 498 00:26:48,040 --> 00:26:50,359 Speaker 2: And it's riot if you're looking at the Twitter or 499 00:26:50,400 --> 00:26:55,360 Speaker 2: the ex Marjorie Taylor Green retweets Matt Gates, who, as 500 00:26:55,400 --> 00:26:58,560 Speaker 2: you just heard, not happy with Speaker McCarthy. He says, 501 00:26:58,640 --> 00:27:02,919 Speaker 2: remember when Kevin McCarthy makes his announcement in moments, this 502 00:27:02,960 --> 00:27:07,959 Speaker 2: is yesterday morning that I pushed him for weeks. Marjorie 503 00:27:07,960 --> 00:27:13,000 Speaker 2: Taylor Green retweets, saying, correction, my friend, I introduced articles 504 00:27:13,040 --> 00:27:15,800 Speaker 2: of impeachment against Joe Biden for his corrupt business dealings 505 00:27:16,720 --> 00:27:20,399 Speaker 2: on his very first day in office. And so this 506 00:27:20,440 --> 00:27:22,320 Speaker 2: is going well so far in the first twenty four hours. 507 00:27:22,359 --> 00:27:24,920 Speaker 2: Let's assemble the panel. Genie Shanzano and Rick Davis Bloomberg 508 00:27:24,960 --> 00:27:28,439 Speaker 2: Politics contributors are with us. Genie, you can't buy this 509 00:27:28,520 --> 00:27:31,240 Speaker 2: kind of entertainment, certainly not in Hollywood at the moment. 510 00:27:31,680 --> 00:27:33,680 Speaker 2: How is this going to play out for Kevin McCarthy 511 00:27:33,680 --> 00:27:35,679 Speaker 2: in the next couple of days. He's being asked about 512 00:27:35,920 --> 00:27:38,959 Speaker 2: a double standard or a shifting message on whether to 513 00:27:39,359 --> 00:27:41,280 Speaker 2: hold a vote for an impeachment inquherre. He's not even 514 00:27:41,320 --> 00:27:46,000 Speaker 2: making his own Republican members like Matt Gates happy. So 515 00:27:46,080 --> 00:27:46,920 Speaker 2: what happens next? 516 00:27:48,240 --> 00:27:49,840 Speaker 13: Yeah, and by the way, I'm going to vote for 517 00:27:49,920 --> 00:27:53,080 Speaker 13: Marjorie Taylor Green and the Marjorie Taylor Green Matt Gates 518 00:27:53,200 --> 00:27:56,679 Speaker 13: contest over who's most responsible. I am calling this the 519 00:27:56,880 --> 00:28:00,919 Speaker 13: Halibate diet Coke impeachment, because that is what the Times 520 00:28:00,960 --> 00:28:03,760 Speaker 13: of recording she and Trump were eating last Sunday night, 521 00:28:03,840 --> 00:28:09,159 Speaker 13: two days before Kevin McCarthy. Yeah, it makes you hungry, right, Joe? 522 00:28:09,200 --> 00:28:10,320 Speaker 13: Two days before I. 523 00:28:10,280 --> 00:28:12,360 Speaker 2: Must be well done, HALLI it. I'm guessing. 524 00:28:13,640 --> 00:28:16,920 Speaker 13: Two days before we heard from Kevin McCarthy that, indeed, 525 00:28:17,000 --> 00:28:19,479 Speaker 13: forget what he said thirteen days ago, he was marching 526 00:28:19,520 --> 00:28:23,040 Speaker 13: forward with his impeachment inquiry with no vote. And you know, 527 00:28:23,520 --> 00:28:27,280 Speaker 13: the reality is is Kevin McCarthy is in a very 528 00:28:27,400 --> 00:28:30,760 Speaker 13: very difficult position, and this is a reflection of that. 529 00:28:30,880 --> 00:28:34,560 Speaker 13: You know, Stephanie Murphy represented Murphy just talking about the hypocrisy. 530 00:28:34,680 --> 00:28:37,240 Speaker 13: Get ready for it? Well, here it is. It is 531 00:28:37,280 --> 00:28:40,880 Speaker 13: on full display with what he did yesterday. I am 532 00:28:40,920 --> 00:28:44,720 Speaker 13: somebody who famously was not in favor of Trump's first 533 00:28:44,720 --> 00:28:47,960 Speaker 13: impeachment on Ukraine for the very reasons Nancy Pelosi said 534 00:28:48,000 --> 00:28:51,240 Speaker 13: initially before she turned around. Nor am I in favor 535 00:28:51,280 --> 00:28:54,400 Speaker 13: of this. They are diminishing what impeachment was intended to 536 00:28:54,480 --> 00:28:57,560 Speaker 13: do by the framers, and there is no putting the 537 00:28:57,640 --> 00:29:00,160 Speaker 13: Genie back in the bottle. Now, this is what we 538 00:29:00,200 --> 00:29:02,479 Speaker 13: are going to have to live through. And look at 539 00:29:02,520 --> 00:29:05,360 Speaker 13: the media coverage yesterday, a bleep on this, and then 540 00:29:05,400 --> 00:29:08,440 Speaker 13: people just moved on because this is just to become 541 00:29:08,560 --> 00:29:11,480 Speaker 13: sort of par for the course where it never should 542 00:29:11,480 --> 00:29:14,040 Speaker 13: have been and never was when you go back, you 543 00:29:14,080 --> 00:29:15,080 Speaker 13: know a few years ago. 544 00:29:15,560 --> 00:29:17,640 Speaker 2: What do you think of the language so far? It's 545 00:29:17,960 --> 00:29:23,000 Speaker 2: been just twenty four hours. Rick the uprising inside the 546 00:29:23,040 --> 00:29:25,800 Speaker 2: Freedom Caucus where the chip Roys and Andy Biggs say 547 00:29:25,880 --> 00:29:28,840 Speaker 2: we're not changing our tune on a shutdown or a 548 00:29:28,840 --> 00:29:32,400 Speaker 2: cr because of this, Matt Gates is yelling back and 549 00:29:32,440 --> 00:29:35,560 Speaker 2: forth with Marjorie Taylor Green, and journalists are asking about 550 00:29:35,600 --> 00:29:38,960 Speaker 2: a changing tune on a vote. Did Kevin McCarthy just 551 00:29:39,040 --> 00:29:42,200 Speaker 2: do the wrong thing? Was this self preservation or did 552 00:29:42,200 --> 00:29:43,920 Speaker 2: he actually hurt himself with this announcement? 553 00:29:44,200 --> 00:29:45,440 Speaker 4: Well, I mean, look at it. 554 00:29:45,440 --> 00:29:48,840 Speaker 14: I mean he did this arguably to satisfy you know, 555 00:29:48,920 --> 00:29:51,760 Speaker 14: the Freedom Caucus and its fringe groups you know, around it, 556 00:29:51,800 --> 00:29:53,000 Speaker 14: and what has happened. 557 00:29:53,040 --> 00:29:55,479 Speaker 4: They've sort of turned on themselves. 558 00:29:55,920 --> 00:29:58,640 Speaker 14: You know, and so maybe that was part of his strategy, 559 00:29:58,760 --> 00:30:01,880 Speaker 14: is just create chaos on the right flank and try 560 00:30:01,920 --> 00:30:04,200 Speaker 14: to get some work done, you know, in the House 561 00:30:04,240 --> 00:30:07,960 Speaker 14: of Representatives with everybody else. I doubt if he's got 562 00:30:08,000 --> 00:30:10,920 Speaker 14: that sophisticated of a strategy. He tries to make these 563 00:30:10,960 --> 00:30:13,840 Speaker 14: people happy. These are performance artists. They're not members of Congress. 564 00:30:13,840 --> 00:30:16,560 Speaker 14: They don't really care about legislating or you know, doing 565 00:30:16,640 --> 00:30:19,320 Speaker 14: work of government. They they care about, you know, their 566 00:30:19,400 --> 00:30:21,920 Speaker 14: their number of Twitter hits and how many. 567 00:30:21,720 --> 00:30:22,480 Speaker 4: Clicks they get. 568 00:30:22,720 --> 00:30:25,400 Speaker 14: And that's why you have these kinds of outbursts, and 569 00:30:25,440 --> 00:30:26,440 Speaker 14: they're non productive. 570 00:30:27,040 --> 00:30:28,880 Speaker 4: And uh and and Kevin. 571 00:30:28,760 --> 00:30:30,800 Speaker 14: McCarthy has just sort of given him something to chew 572 00:30:30,840 --> 00:30:33,360 Speaker 14: on for a couple of days. We got to constantly 573 00:30:33,360 --> 00:30:35,880 Speaker 14: remind ourselves inside the beltwegh here. You know, the vast 574 00:30:35,920 --> 00:30:38,880 Speaker 14: majority of people in this country pay absolutely no attention 575 00:30:38,920 --> 00:30:40,520 Speaker 14: to this because they see it for what it is. 576 00:30:41,080 --> 00:30:43,600 Speaker 4: You know, it's it's it's as as you. 577 00:30:43,560 --> 00:30:46,200 Speaker 14: Know, Stephanie Murphy said, you know, we are now watching 578 00:30:46,240 --> 00:30:49,440 Speaker 14: the heights of hypocrisy enter the House of Representatives. 579 00:30:49,440 --> 00:30:50,280 Speaker 4: I mean, and she. 580 00:30:50,320 --> 00:30:52,320 Speaker 14: Knows something about that, you know, the time that she 581 00:30:52,480 --> 00:30:55,960 Speaker 14: spent there. And and and I don't think Kevin McCarthy 582 00:30:56,000 --> 00:30:58,600 Speaker 14: has done himself any good. He hasn't moved the ball forward. 583 00:30:58,600 --> 00:31:01,160 Speaker 14: He isn't going to get anywhere on this impeachment. He's 584 00:31:01,160 --> 00:31:03,440 Speaker 14: got over thirty House members who won't even vote for 585 00:31:03,600 --> 00:31:06,160 Speaker 14: ultimately an impeachment, and we know won't go anywhere in 586 00:31:06,200 --> 00:31:10,400 Speaker 14: the Senate. So I think he's just unleashed, you know, 587 00:31:10,480 --> 00:31:12,520 Speaker 14: the crazy caucus again. 588 00:31:12,360 --> 00:31:14,360 Speaker 4: And we'll see you if they can get anything done. 589 00:31:14,400 --> 00:31:18,120 Speaker 14: Because what's really important, you know, is getting a budget passed, 590 00:31:18,120 --> 00:31:19,800 Speaker 14: getting a CR pass so they can get the work 591 00:31:19,800 --> 00:31:22,600 Speaker 14: done in the House, get some of these corporations skills done, 592 00:31:23,080 --> 00:31:27,160 Speaker 14: and by the way, and fun the Ukraine resistance to 593 00:31:27,200 --> 00:31:31,480 Speaker 14: the Russian invasion and make sure that you know our 594 00:31:31,880 --> 00:31:34,560 Speaker 14: country is helping out these communities that have been devastated 595 00:31:34,600 --> 00:31:38,880 Speaker 14: by horrible weather disasters. So I mean, they have things 596 00:31:38,880 --> 00:31:40,360 Speaker 14: to do and they got to get they ought to 597 00:31:40,400 --> 00:31:43,240 Speaker 14: get off of Twitter and get on with their business. 598 00:31:43,600 --> 00:31:47,520 Speaker 2: Well here here, Rick, did does this at least make 599 00:31:47,520 --> 00:31:51,520 Speaker 2: a shutdown less likely, Jeanie? Or did it not change 600 00:31:51,520 --> 00:31:53,720 Speaker 2: anything in the standoff on the budget? 601 00:31:53,880 --> 00:31:56,240 Speaker 13: You know, I think Kevin McCarthy was hoping it might. 602 00:31:56,360 --> 00:31:58,880 Speaker 13: But we heard from Matt Gates and you played the clip. 603 00:31:58,920 --> 00:32:04,040 Speaker 13: He is demanding total compliance, and so you know, Kevin McCarthy, 604 00:32:04,120 --> 00:32:08,040 Speaker 13: I think believed that he was handing them something, going 605 00:32:08,040 --> 00:32:11,280 Speaker 13: to sort of distract them, which has been his strategy 606 00:32:11,440 --> 00:32:15,160 Speaker 13: since he became speaker. Distract them by giving them something 607 00:32:15,400 --> 00:32:17,520 Speaker 13: and hope that they don't see what's going on here, 608 00:32:17,600 --> 00:32:21,080 Speaker 13: which is he needs to do the basic basic tasks 609 00:32:21,120 --> 00:32:25,520 Speaker 13: of governing, which is keep the government open, stop it 610 00:32:25,560 --> 00:32:28,200 Speaker 13: from being shut down. But look at what he's facing. 611 00:32:28,520 --> 00:32:32,160 Speaker 13: The House has passed just one appropriations bill to the Senate, 612 00:32:32,240 --> 00:32:35,239 Speaker 13: who has passed all of them. He knows that, he 613 00:32:35,320 --> 00:32:37,640 Speaker 13: knows he doesn't have a leg to stand on here. 614 00:32:37,960 --> 00:32:40,160 Speaker 13: They've got to do that. It's like a mayor who 615 00:32:40,200 --> 00:32:44,400 Speaker 13: doesn't shovel the sidewalks after you have a terrible, terrible snowstorm, 616 00:32:44,720 --> 00:32:47,880 Speaker 13: you're going to be in political trouble. Kevin McCarthy knows 617 00:32:47,920 --> 00:32:51,040 Speaker 13: he's in trouble with this, so he's trying to distract them. 618 00:32:51,280 --> 00:32:53,800 Speaker 13: But Matt Gates told us yesterday he's on to Kevin 619 00:32:53,880 --> 00:32:55,840 Speaker 13: McCarthy now and he's going to make sure to hold 620 00:32:55,840 --> 00:32:57,800 Speaker 13: his feet to the fire. So I don't think this 621 00:32:57,960 --> 00:33:00,000 Speaker 13: is going to help Kevin McCarthy in the way he thought. 622 00:33:00,360 --> 00:33:04,360 Speaker 13: He is literally buying hours of his time in his 623 00:33:04,560 --> 00:33:08,160 Speaker 13: job and hoping to stave off this motion to vacate, 624 00:33:08,200 --> 00:33:10,680 Speaker 13: but it's gonna come as will to shut down. And 625 00:33:10,720 --> 00:33:13,680 Speaker 13: by the way, the impeachment inquiry vote, he's saying, you know, 626 00:33:13,880 --> 00:33:16,240 Speaker 13: to his nineteen members and Biden districts, you don't have 627 00:33:16,320 --> 00:33:18,840 Speaker 13: to vote for that. Well, you know, I'll be the 628 00:33:18,920 --> 00:33:21,040 Speaker 13: hypocrite and I'll let you vote. They're gonna have to 629 00:33:21,120 --> 00:33:23,560 Speaker 13: vote for that because this train is out of you know, 630 00:33:23,640 --> 00:33:25,640 Speaker 13: it's left. They're gonna have to vote on it. 631 00:33:25,840 --> 00:33:27,520 Speaker 2: Well, if, certainly, if you believe it's going to be 632 00:33:27,600 --> 00:33:31,120 Speaker 2: an impeachment that follows the inquiry, listen Rick and Genie 633 00:33:31,120 --> 00:33:34,120 Speaker 2: to eleast Dephonic of course, in the Republican leadership in 634 00:33:34,160 --> 00:33:37,520 Speaker 2: the House held a news conference today alongside James Comer, 635 00:33:37,520 --> 00:33:41,240 Speaker 2: who's spearheading this impeachment inquiry on the Oversight Committee. Listen 636 00:33:41,280 --> 00:33:44,160 Speaker 2: to the language she used to describe the charges where 637 00:33:44,240 --> 00:33:47,960 Speaker 2: she believes are full on crimes charges against Joe Biden. 638 00:33:48,080 --> 00:33:51,960 Speaker 15: Speaker McCarthy announced House Republicans intention to pursue an impeachment 639 00:33:52,000 --> 00:33:56,320 Speaker 15: inquiry of Joe Biden. This is about transparency and answers 640 00:33:56,360 --> 00:34:00,400 Speaker 15: for the American people and ultimately accountability for what I 641 00:34:00,520 --> 00:34:03,880 Speaker 15: believe will uncover the biggest political corruption scandal in our 642 00:34:03,960 --> 00:34:04,760 Speaker 15: nation's history. 643 00:34:05,920 --> 00:34:10,160 Speaker 2: The biggest public corruption scandal in our nation's history would 644 00:34:10,239 --> 00:34:13,000 Speaker 2: have to that would be something you're. 645 00:34:12,840 --> 00:34:16,440 Speaker 1: Listening to The Bloomberg Sound On podcast. Catch the program 646 00:34:16,560 --> 00:34:20,160 Speaker 1: live weekdays at one Eastern on Bloomberg Radio, the tune 647 00:34:20,200 --> 00:34:23,280 Speaker 1: in alf Bloomberg dot Com, and the Bloomberg Business App. 648 00:34:23,400 --> 00:34:26,279 Speaker 1: You can also listen live on Amazon Alexa from our 649 00:34:26,280 --> 00:34:30,760 Speaker 1: flagship New York station, Just Say Alexa Play Bloomberg eleven thirty. 650 00:34:33,080 --> 00:34:35,799 Speaker 2: I'm used to listeners and viewers telling me how to 651 00:34:35,880 --> 00:34:39,840 Speaker 2: do my job, but the White House is a different level. 652 00:34:39,960 --> 00:34:44,040 Speaker 2: A memo out to US news media organizations in the 653 00:34:44,080 --> 00:34:47,440 Speaker 2: wake of Speaker McCarthy's announcement that he is launching an 654 00:34:47,440 --> 00:34:52,439 Speaker 2: impeachment inquiry into President Joe Biden. The subject line, It's 655 00:34:52,480 --> 00:34:55,160 Speaker 2: time for the media to do more to scrutinize House 656 00:34:55,160 --> 00:35:01,239 Speaker 2: Republicans demonstrably false claims that they're basing impeachments on It's 657 00:35:01,280 --> 00:35:05,480 Speaker 2: reassimilar panel. Rick Davis and Genie Shanzano joined Bloomberg Politics 658 00:35:05,520 --> 00:35:08,799 Speaker 2: contributors as we consider the reaction from the White House, Rick, 659 00:35:08,840 --> 00:35:11,640 Speaker 2: I don't know your thoughts on this. The memo goes 660 00:35:11,719 --> 00:35:15,239 Speaker 2: down to the first series of bullets. Here refers to 661 00:35:15,400 --> 00:35:19,239 Speaker 2: Representative ken Buck, the Republican from Colorado, has been doing 662 00:35:19,280 --> 00:35:21,520 Speaker 2: a lot of work for the White House last couple 663 00:35:21,520 --> 00:35:24,280 Speaker 2: of days on cable news. He talked about it again 664 00:35:24,440 --> 00:35:27,799 Speaker 2: on CNN said he sees no evidence. This is a 665 00:35:27,840 --> 00:35:30,640 Speaker 2: familiar refrain from ken Buck. But should the White House 666 00:35:30,680 --> 00:35:34,120 Speaker 2: be digging in like this or laughing it off right now? 667 00:35:35,480 --> 00:35:38,120 Speaker 14: Well, it's obvious this is a reaction to the coverage 668 00:35:38,120 --> 00:35:41,120 Speaker 14: from the last couple of days where I think they've 669 00:35:41,120 --> 00:35:43,560 Speaker 14: got a chip on their shoulder and they think that, 670 00:35:44,520 --> 00:35:47,200 Speaker 14: you know, people like Marjorie Taylor Green and Macatcher getting 671 00:35:47,239 --> 00:35:51,200 Speaker 14: way too much attention in the mainstream media because all 672 00:35:51,239 --> 00:35:54,200 Speaker 14: they're talking about is a process argument. They're not answering 673 00:35:54,239 --> 00:35:57,600 Speaker 14: any questions about what the real issue is here, and 674 00:35:58,160 --> 00:36:00,680 Speaker 14: that the media is giving them more tension than the 675 00:36:00,680 --> 00:36:03,920 Speaker 14: people who in the Republican Caucus are actually saying they 676 00:36:03,960 --> 00:36:07,080 Speaker 14: don't see the connection between Biden and these charges. 677 00:36:07,160 --> 00:36:09,080 Speaker 4: So, you know, and I kind of get that. 678 00:36:09,160 --> 00:36:11,960 Speaker 14: I actually do think that the media has been chasing 679 00:36:13,040 --> 00:36:14,960 Speaker 14: sort of the crazy end of the caucus, you know, 680 00:36:15,480 --> 00:36:18,319 Speaker 14: a lot more than it does everybody else. I mean, 681 00:36:18,360 --> 00:36:20,359 Speaker 14: they're you know, I think the bigger story is they're 682 00:36:20,400 --> 00:36:25,000 Speaker 14: probably over thirty Republicans who don't support the Speaker on this, 683 00:36:25,040 --> 00:36:27,120 Speaker 14: which is why he had to unilaterally open. 684 00:36:27,040 --> 00:36:27,600 Speaker 2: Up a probe. 685 00:36:27,960 --> 00:36:31,600 Speaker 14: So I think they're I think they're they're they're they're 686 00:36:31,600 --> 00:36:34,160 Speaker 14: a little bit taken aback that the media isn't doing 687 00:36:34,160 --> 00:36:37,279 Speaker 14: their job for him, and this memo basically says, Hey, 688 00:36:37,320 --> 00:36:39,239 Speaker 14: you should be embarrassed by the fact that you're really 689 00:36:39,280 --> 00:36:41,200 Speaker 14: not giving these guys more attention. 690 00:36:41,560 --> 00:36:42,800 Speaker 4: The irony is they're. 691 00:36:42,719 --> 00:36:45,520 Speaker 14: Using quotes in the media to make the case to 692 00:36:45,560 --> 00:36:48,360 Speaker 14: the media that the media isn't doing enough. And so 693 00:36:48,800 --> 00:36:51,799 Speaker 14: I think, if I'm a reporter who are writing on 694 00:36:51,880 --> 00:36:54,359 Speaker 14: these things, I think that they were kind of over 695 00:36:54,440 --> 00:36:55,080 Speaker 14: inflating this. 696 00:36:56,440 --> 00:36:58,719 Speaker 2: Well, you know, if the memo is just going to 697 00:36:58,800 --> 00:37:02,400 Speaker 2: get leaked by the media, White House telling the media 698 00:37:03,040 --> 00:37:06,040 Speaker 2: how to be better at the media, genie, is there 699 00:37:06,040 --> 00:37:07,400 Speaker 2: a point in sending it? 700 00:37:09,280 --> 00:37:12,200 Speaker 13: You know, I think this is something that could backfire 701 00:37:12,320 --> 00:37:15,320 Speaker 13: on the White House. I think putting out the facts 702 00:37:15,520 --> 00:37:18,600 Speaker 13: is one thing, putting out their position is one thing. 703 00:37:19,040 --> 00:37:21,399 Speaker 13: But trying to tell the media how to do their job. 704 00:37:21,440 --> 00:37:24,520 Speaker 13: We all know no, White House likes the media. But 705 00:37:24,680 --> 00:37:27,880 Speaker 13: the reality is, if the media starts to exhibit some 706 00:37:28,080 --> 00:37:31,839 Speaker 13: criticism of the Republicans and what they're doing in terms 707 00:37:31,880 --> 00:37:34,600 Speaker 13: of impeachment, You're going to hear right back, Oh, this 708 00:37:34,800 --> 00:37:37,360 Speaker 13: is just the media doing the bidding, the liberal media 709 00:37:37,440 --> 00:37:39,839 Speaker 13: doing the bidding of the White House. So I'm not 710 00:37:39,880 --> 00:37:42,719 Speaker 13: sure how this helps the White House at all. I 711 00:37:42,760 --> 00:37:47,719 Speaker 13: think more important is to keep focused on number one, 712 00:37:47,840 --> 00:37:51,560 Speaker 13: doing the business of the American people. Number two putting 713 00:37:51,560 --> 00:37:54,720 Speaker 13: out the facts, and let the craziness in the house 714 00:37:54,840 --> 00:37:57,880 Speaker 13: play out. It speaks for itself. I don't know why 715 00:37:57,920 --> 00:37:59,759 Speaker 13: they are trying to get in front of it. If 716 00:37:59,760 --> 00:38:02,440 Speaker 13: you and make themselves the story. 717 00:38:03,800 --> 00:38:06,640 Speaker 2: Well, Rick, the craziness in the House, I guess extends 718 00:38:06,680 --> 00:38:09,040 Speaker 2: to the craziness in Washington, as we have a breaking 719 00:38:09,080 --> 00:38:12,560 Speaker 2: headline here that reminds us of the world that we're in. 720 00:38:12,680 --> 00:38:16,360 Speaker 2: Mitt Romney is just now announcing in a Twitter video 721 00:38:17,200 --> 00:38:21,359 Speaker 2: that he will not seek reelection in the Senate. I 722 00:38:21,400 --> 00:38:23,280 Speaker 2: wonder your reaction to that news. 723 00:38:24,920 --> 00:38:28,960 Speaker 4: Yeah, you know, I mean it's kind of expected. You know. 724 00:38:29,080 --> 00:38:34,440 Speaker 4: Mitt is never really been a feature of the Senate. 725 00:38:34,480 --> 00:38:36,640 Speaker 14: You know, he's had a stellar career as both governor 726 00:38:36,760 --> 00:38:41,160 Speaker 14: presidential candidate, and I think he was looking at the 727 00:38:41,239 --> 00:38:44,799 Speaker 14: sort of future trajectory the Republican Party. And you know, 728 00:38:44,880 --> 00:38:46,879 Speaker 14: I think he's kind of the outlier, right, he's more 729 00:38:46,920 --> 00:38:48,920 Speaker 14: in the McCain wing of the Republican. 730 00:38:48,480 --> 00:38:51,279 Speaker 4: Party than he is in the Trump or or what 731 00:38:51,320 --> 00:38:53,000 Speaker 4: not wing, And and. 732 00:38:52,840 --> 00:38:56,080 Speaker 14: He's pretty isolated in the caucus because of that. That 733 00:38:56,160 --> 00:38:58,480 Speaker 14: being said, I think he's enjoyed being the Senator, but 734 00:38:58,960 --> 00:39:03,120 Speaker 14: politics at home also so is very difficult. He'd have 735 00:39:03,160 --> 00:39:07,279 Speaker 14: to run a probably very competitive primary, spend a lot 736 00:39:07,280 --> 00:39:09,840 Speaker 14: of money, raise a lot of money, and those kinds 737 00:39:09,840 --> 00:39:12,160 Speaker 14: of things they take you away from your family and 738 00:39:12,200 --> 00:39:13,439 Speaker 14: the work of the Senate. 739 00:39:13,160 --> 00:39:16,400 Speaker 4: Which is what he really enjoys. So I'm not surprised 740 00:39:16,400 --> 00:39:17,359 Speaker 4: but disappointed. 741 00:39:18,120 --> 00:39:20,920 Speaker 14: You really hate to see a competitive seat like this, 742 00:39:22,000 --> 00:39:25,360 Speaker 14: you know, thrown open to whatever sort of you know 743 00:39:25,480 --> 00:39:29,479 Speaker 14: is lurking around Utah. But you know, he's he's served 744 00:39:29,520 --> 00:39:33,000 Speaker 14: his country well and I'm sure he has big plans for. 745 00:39:35,440 --> 00:39:36,720 Speaker 4: His life after the Senate. 746 00:39:37,760 --> 00:39:40,719 Speaker 2: Yeah, I do wonder what they'll include. But Jeanie, Democrats 747 00:39:40,800 --> 00:39:42,840 Speaker 2: love moments like these. This is when you're supposed to 748 00:39:42,840 --> 00:39:45,320 Speaker 2: tell me that the party has moved away from Mitt Romney, 749 00:39:45,360 --> 00:39:46,600 Speaker 2: not the other way around, right. 750 00:39:47,920 --> 00:39:50,279 Speaker 13: Yeah, except I think it's a loss for all of us. 751 00:39:50,320 --> 00:39:52,439 Speaker 13: I mean, Mitt Romney is one of the grown ups, 752 00:39:52,440 --> 00:39:54,840 Speaker 13: so to speak, in the room. We need more people 753 00:39:54,880 --> 00:39:57,760 Speaker 13: at this point like Mitt Romney and Washington. Hard to believe. 754 00:39:57,760 --> 00:39:59,880 Speaker 13: I didn't think it's several years ago i'd be saying that. 755 00:40:00,200 --> 00:40:03,279 Speaker 13: But he does come with, you know, telling it like 756 00:40:03,360 --> 00:40:06,000 Speaker 13: it is and speaking truth to the powers that be 757 00:40:06,080 --> 00:40:08,839 Speaker 13: in the Republican Party today. So I think it's a 758 00:40:08,840 --> 00:40:11,960 Speaker 13: loss for all of us, not just for the Republican Party, 759 00:40:12,120 --> 00:40:16,160 Speaker 13: but for Suore. Democrats are happy with what has transpired 760 00:40:16,200 --> 00:40:18,200 Speaker 13: and they would like to have a shot at that seat. 761 00:40:20,080 --> 00:40:22,560 Speaker 2: He's not going to run for president again, I'm assuming Rick, 762 00:40:22,600 --> 00:40:26,360 Speaker 2: although that story seems to crop up every four years. 763 00:40:26,880 --> 00:40:29,200 Speaker 2: What is in store for someone like Mitt Romney. Where 764 00:40:29,200 --> 00:40:30,120 Speaker 2: could he be of service? 765 00:40:31,239 --> 00:40:31,440 Speaker 4: You know? 766 00:40:31,520 --> 00:40:34,520 Speaker 14: Look, I mean I think that obviously he has a 767 00:40:34,560 --> 00:40:37,239 Speaker 14: point of view on democracy. 768 00:40:37,960 --> 00:40:39,000 Speaker 4: He has been. 769 00:40:39,040 --> 00:40:42,560 Speaker 14: Trist crossing the country talking about how important it is 770 00:40:42,600 --> 00:40:47,320 Speaker 14: that our democratic institutions, elections and whatnot are reinforced and 771 00:40:49,280 --> 00:40:54,799 Speaker 14: really fortified against the attacks that the Trump administration and 772 00:40:54,880 --> 00:40:58,239 Speaker 14: campaign waghs against them. So I wouldn't be surprised that 773 00:40:58,360 --> 00:41:01,799 Speaker 14: he devotes more of his time time to really. 774 00:41:01,480 --> 00:41:02,720 Speaker 4: Trying to cement. 775 00:41:04,000 --> 00:41:07,880 Speaker 14: Our democratic institutions around the country and crisscross the country 776 00:41:07,920 --> 00:41:12,040 Speaker 14: talking about how important that is. He was generous enough 777 00:41:12,040 --> 00:41:14,040 Speaker 14: with his time to come to the McCain Institute Sedona 778 00:41:14,120 --> 00:41:16,160 Speaker 14: conference and gave a similar speech. 779 00:41:16,160 --> 00:41:17,040 Speaker 4: And was very passionate. 780 00:41:17,080 --> 00:41:19,880 Speaker 14: It's probably one of the best speeches I've ever seen 781 00:41:20,000 --> 00:41:22,080 Speaker 14: Mitt Romney given. Believe me, I've seen a lot of 782 00:41:22,080 --> 00:41:25,879 Speaker 14: Mitt Rodney speeches over the years, and this is an 783 00:41:25,880 --> 00:41:27,960 Speaker 14: area I think he's very passionate about. 784 00:41:29,120 --> 00:41:31,680 Speaker 16: This is from the video just posted on the next 785 00:41:31,719 --> 00:41:35,360 Speaker 16: generation of leaders must take America to the next stage 786 00:41:35,480 --> 00:41:39,839 Speaker 16: of global leadership. While I'm not running for reelection, I'm 787 00:41:39,880 --> 00:41:43,520 Speaker 16: not retiring from the fight. I'll be your United States 788 00:41:43,520 --> 00:41:46,560 Speaker 16: Senator until January of twenty twenty five. 789 00:41:47,719 --> 00:41:51,879 Speaker 2: Mitt Romney announcing today he is not seeking reelection. This 790 00:41:52,160 --> 00:41:57,680 Speaker 2: is Bloomberg. Thanks for listening to the sound on podcast. 791 00:41:57,760 --> 00:42:00,840 Speaker 2: Make sure to subscribe if you haven't already, Apple, Spotify, 792 00:42:00,920 --> 00:42:03,359 Speaker 2: and anywhere else you get your podcasts, and you can 793 00:42:03,360 --> 00:42:06,359 Speaker 2: find us live every weekday from Washington, DC at one 794 00:42:06,440 --> 00:42:10,520 Speaker 2: pm Eastern times at Bloomberg dot com.