1 00:00:01,560 --> 00:00:06,280 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,440 --> 00:00:09,960 Speaker 1: If people think the country's on the wrong track and 3 00:00:10,039 --> 00:00:12,800 Speaker 1: are upset, it's usually really bad news to the party 4 00:00:12,840 --> 00:00:16,119 Speaker 1: in Valley. The Democrats had a very difficult challenge on 5 00:00:16,200 --> 00:00:18,680 Speaker 1: their hands when it comes to the mid term Bloomberg 6 00:00:18,840 --> 00:00:23,200 Speaker 1: sound On, Politics, Policy and Perspective from DC's top names. 7 00:00:23,600 --> 00:00:25,639 Speaker 1: I think there's a lot of peck up demand for 8 00:00:25,720 --> 00:00:29,000 Speaker 1: electing a woman hand I could be the year of 9 00:00:29,040 --> 00:00:30,800 Speaker 1: the world, and I see this demand that we have 10 00:00:31,000 --> 00:00:33,519 Speaker 1: today as the baseline for the future. Could means our 11 00:00:33,520 --> 00:00:37,520 Speaker 1: economy is a roaring back Bloomberg Sound On with Joe 12 00:00:37,560 --> 00:00:43,440 Speaker 1: Matthew on Bloomberg Radio. We joined you from World Headquarters 13 00:00:43,479 --> 00:00:47,239 Speaker 1: in New York with twin Leads. No, we are not 14 00:00:47,400 --> 00:00:51,920 Speaker 1: wiring speakers today, I mean twin leads stories my favorite 15 00:00:52,000 --> 00:00:54,800 Speaker 1: kind of day, with breaking news from Capitol Hill on 16 00:00:54,840 --> 00:00:57,920 Speaker 1: a deal for the debt ceiling yet happened. Same day 17 00:00:57,920 --> 00:01:01,200 Speaker 1: President Biden holds a critical bilateral meeting with Vladimir Putin. 18 00:01:01,240 --> 00:01:03,840 Speaker 1: We will have the latest on both and we'll discuss 19 00:01:03,920 --> 00:01:07,440 Speaker 1: them ahead with Congressman Michael McColl, Republican from Texas, who 20 00:01:07,480 --> 00:01:11,240 Speaker 1: was ranking member on the House Foreign Affairs Committee, a 21 00:01:11,280 --> 00:01:14,000 Speaker 1: lot of thoughts today on Russia and China for that matter. 22 00:01:14,040 --> 00:01:15,840 Speaker 1: We'll get a behind the scenes view on the debt 23 00:01:15,880 --> 00:01:18,000 Speaker 1: ceiling debate and what is now left of the Biden 24 00:01:18,000 --> 00:01:21,559 Speaker 1: agenda from political strategist Michael Hardaway later on this hour. 25 00:01:21,880 --> 00:01:24,720 Speaker 1: The panel today Bloomberg Politics Contribute to Rick Davis with 26 00:01:24,800 --> 00:01:27,920 Speaker 1: us for the hour, joined by Kevin Walling, democratic strategist 27 00:01:28,200 --> 00:01:30,880 Speaker 1: at h G Creative Media. So, yeah, we've got a 28 00:01:30,880 --> 00:01:32,399 Speaker 1: lot to cover. And news of a deal on the 29 00:01:32,440 --> 00:01:35,880 Speaker 1: debt limit came not from today, not from Senate Majority 30 00:01:35,959 --> 00:01:40,320 Speaker 1: Leader Chuck Schumer, but instead from the minority leader, here 31 00:01:40,400 --> 00:01:44,160 Speaker 1: is Senator Mitch McConnell. There are always differences of opinion 32 00:01:44,400 --> 00:01:48,040 Speaker 1: among Republicans about how to handle a delicate issue like 33 00:01:48,120 --> 00:01:52,240 Speaker 1: the death ceiling. We'll be voting on it Thursday, and 34 00:01:52,360 --> 00:01:58,520 Speaker 1: I'm confident that this particular procedure, coupled with the avoidance 35 00:01:58,560 --> 00:02:05,160 Speaker 1: of Medicare cuts, well achieve enough Republican support to clear 36 00:02:05,280 --> 00:02:08,560 Speaker 1: the sixty vote threshold. There it is. The deal would 37 00:02:08,560 --> 00:02:12,800 Speaker 1: avoid the sixty vote threshold in the Senate. And with 38 00:02:12,840 --> 00:02:14,800 Speaker 1: more on how this is all going to work, because 39 00:02:14,840 --> 00:02:18,480 Speaker 1: it is pretty convoluted, we bring in Bloomberg Government's Jack Fitzpatrick, 40 00:02:18,600 --> 00:02:21,840 Speaker 1: our friend live from Capitol Hill. Jack, any thoughts on 41 00:02:21,880 --> 00:02:23,960 Speaker 1: why to start off? Mitch McConnell is the one to 42 00:02:24,040 --> 00:02:27,040 Speaker 1: roll this out. What does that indicate? Well, they need 43 00:02:27,080 --> 00:02:29,720 Speaker 1: ten Republican votes for something to get through the Senate, 44 00:02:29,760 --> 00:02:34,120 Speaker 1: and Democrats just didn't act on the debt limit. They 45 00:02:34,160 --> 00:02:38,079 Speaker 1: could have done that by themselves, not through the reconciliation process, 46 00:02:38,120 --> 00:02:41,200 Speaker 1: which allows them to avoid a filibuster and just use 47 00:02:41,240 --> 00:02:44,960 Speaker 1: a simple majority to raise the debt limit. Democrats didn't 48 00:02:45,000 --> 00:02:46,840 Speaker 1: do that. They didn't want to go through the vote 49 00:02:46,960 --> 00:02:51,160 Speaker 1: rama and and all the procedural hurdle hurdles through reconciliation. 50 00:02:51,639 --> 00:02:54,240 Speaker 1: We started getting close to what could be the deadline. 51 00:02:54,760 --> 00:02:58,200 Speaker 1: So the question was our Republicans going to offer any concessions? 52 00:02:58,240 --> 00:03:01,560 Speaker 1: And yes, this is more less a concession from Republicans. 53 00:03:01,560 --> 00:03:04,280 Speaker 1: And you are going to hear some uh Senate Republicans 54 00:03:04,440 --> 00:03:06,880 Speaker 1: and probably House Republicans complain about the fact that this 55 00:03:06,960 --> 00:03:12,400 Speaker 1: is basically a proposal to preemptively block themselves from filibustering 56 00:03:12,880 --> 00:03:16,320 Speaker 1: a debt limit increase, to change the rules temporarily for 57 00:03:16,400 --> 00:03:19,160 Speaker 1: this one time so that Democrats can act alone on 58 00:03:19,200 --> 00:03:22,160 Speaker 1: an increase of any number they want and then pass 59 00:03:22,200 --> 00:03:25,079 Speaker 1: that with a simple majority. But it does appear, according 60 00:03:25,080 --> 00:03:27,680 Speaker 1: to Senator McConnell and a couple others, that they're probably 61 00:03:27,680 --> 00:03:30,640 Speaker 1: going to get that sixty votes to basically change the 62 00:03:30,720 --> 00:03:33,080 Speaker 1: rule temporarily. Okay, so this would be kind of a 63 00:03:33,120 --> 00:03:36,000 Speaker 1: one off. Is this a gift to Chuck Schumer? And 64 00:03:36,000 --> 00:03:39,119 Speaker 1: and I don't know if it even matters to you, Jack, 65 00:03:39,160 --> 00:03:42,960 Speaker 1: who who wins here? But some folks are suggesting already 66 00:03:43,000 --> 00:03:46,240 Speaker 1: that that McConnell is is kind of owning Chuck Schumer today. 67 00:03:46,280 --> 00:03:50,480 Speaker 1: How did this come together? Well? There, I think some 68 00:03:50,600 --> 00:03:53,960 Speaker 1: aspect of this is a concession to Democrats because this 69 00:03:54,000 --> 00:03:57,880 Speaker 1: would take less time. It would take less floor time. Again, 70 00:03:58,120 --> 00:04:00,440 Speaker 1: through reconciliation, you have to do what's all the vote 71 00:04:00,440 --> 00:04:04,240 Speaker 1: a rama which has unlimited amendments on the floor. Democrats 72 00:04:04,280 --> 00:04:07,360 Speaker 1: didn't want to be subject to any amendment that Republicans 73 00:04:07,400 --> 00:04:09,640 Speaker 1: wanted to offer related to the debt limit, so they 74 00:04:09,640 --> 00:04:12,680 Speaker 1: don't have to do this, but Republicans do get to 75 00:04:13,800 --> 00:04:16,600 Speaker 1: more or less get the core issues they wanted. They 76 00:04:16,600 --> 00:04:22,040 Speaker 1: wanted Democrats to vote without Republicans on a debt limit increase, 77 00:04:22,160 --> 00:04:24,560 Speaker 1: not a suspension but pick a number that's going to 78 00:04:24,600 --> 00:04:27,720 Speaker 1: be well over thirty trillion dollars, maybe towards forty trillion. 79 00:04:28,120 --> 00:04:30,400 Speaker 1: I'm not sure on the map how how high it's 80 00:04:30,400 --> 00:04:32,200 Speaker 1: going to go. But that's the kind of thing that 81 00:04:32,279 --> 00:04:34,160 Speaker 1: Republicans are going to be able to campaign on, and 82 00:04:34,200 --> 00:04:36,120 Speaker 1: they're going to be able to do this without Republicans 83 00:04:36,160 --> 00:04:39,159 Speaker 1: actually voting to increase the debt limit. That was key 84 00:04:39,160 --> 00:04:41,159 Speaker 1: for Republicans and that's something that they're gonna get. So 85 00:04:41,279 --> 00:04:43,359 Speaker 1: they didn't give away the whole barn. Here kind of 86 00:04:43,360 --> 00:04:46,080 Speaker 1: sounds to me like everybody wins, whether or not that's true. Jack, 87 00:04:46,120 --> 00:04:48,599 Speaker 1: what's the duration how long until we have to deal 88 00:04:48,600 --> 00:04:52,760 Speaker 1: with this again, assuming it passes. They have not etched 89 00:04:52,839 --> 00:04:56,560 Speaker 1: that into stone yet, but Senator Elizabeth Warrens said they're 90 00:04:56,560 --> 00:04:58,760 Speaker 1: probably going to try to raise it enough to get 91 00:04:58,800 --> 00:05:03,760 Speaker 1: past the terms towards late. Tim Caine is that it 92 00:05:03,760 --> 00:05:07,120 Speaker 1: could be into early at least get past the next 93 00:05:07,160 --> 00:05:10,400 Speaker 1: election season, and then maybe in the lame duck after that, 94 00:05:10,440 --> 00:05:12,479 Speaker 1: we'll we'll see who has the majority going to the 95 00:05:12,480 --> 00:05:14,600 Speaker 1: next Congress, and I'll don't worry about it. Then, Well, 96 00:05:14,680 --> 00:05:16,359 Speaker 1: good thing, you don't have anything else to cover up 97 00:05:16,400 --> 00:05:19,000 Speaker 1: there Jack, you can take the next year off. Great 98 00:05:19,040 --> 00:05:21,560 Speaker 1: work today. Follow Jack on Twitter if you want to 99 00:05:21,600 --> 00:05:24,840 Speaker 1: be in real time with this stuff. Jack Fitzpatrick from 100 00:05:24,880 --> 00:05:28,240 Speaker 1: Bloomberg Government. We want to keep this story debt ceiling, 101 00:05:28,240 --> 00:05:30,240 Speaker 1: to be specific, on the front burner for another moment 102 00:05:30,279 --> 00:05:34,680 Speaker 1: here as we bring in Congressman Michael McCall, Republican from Texas, 103 00:05:34,960 --> 00:05:37,279 Speaker 1: who joins us today to talk about the standoff with 104 00:05:37,400 --> 00:05:42,720 Speaker 1: Russia over Ukraine and the President's meeting today. Congressman, welcome 105 00:05:42,760 --> 00:05:46,240 Speaker 1: to Bloomberg Radio. Yeah, great to be back. Looking forward 106 00:05:46,240 --> 00:05:48,440 Speaker 1: to hearing your insights on the President's meeting today with 107 00:05:48,520 --> 00:05:51,320 Speaker 1: Vladimir Putin in our relationship with Russia. First, I'd love 108 00:05:51,360 --> 00:05:53,760 Speaker 1: to just get your reaction to this deal on the 109 00:05:53,800 --> 00:05:56,000 Speaker 1: debt ceiling as it's just now happening. I know there 110 00:05:56,000 --> 00:05:58,280 Speaker 1: are some details to come out, but do you support 111 00:05:58,360 --> 00:06:00,720 Speaker 1: the framework, the mechanism as you wonder standard laid out 112 00:06:00,720 --> 00:06:04,719 Speaker 1: by Senator McConnell. Well, what I do support is that 113 00:06:04,760 --> 00:06:08,760 Speaker 1: they didn't attach this to the National Defense Authorization Act. 114 00:06:08,880 --> 00:06:12,919 Speaker 1: I think that's that's always traditionally been very bipartisan, you know, 115 00:06:13,040 --> 00:06:16,040 Speaker 1: in in support of our military and our defense, and 116 00:06:16,120 --> 00:06:19,240 Speaker 1: so it's very pleased here. It's gonna be handled as 117 00:06:19,240 --> 00:06:24,840 Speaker 1: a separate vote with one vote threshold. And m I 118 00:06:24,920 --> 00:06:27,280 Speaker 1: think that's good because not no re member wants to 119 00:06:27,360 --> 00:06:31,800 Speaker 1: vote against the you know, supporting our troops in our defense. Well. 120 00:06:31,800 --> 00:06:34,080 Speaker 1: As ranking member on the House Foreign Affairs Committee, you 121 00:06:34,120 --> 00:06:36,800 Speaker 1: are privy to information most of us will never see. Congressman, 122 00:06:37,400 --> 00:06:39,640 Speaker 1: I wonder what you're hearing about this call with Vladimir 123 00:06:39,640 --> 00:06:41,880 Speaker 1: Putin and and what more do you want to hear 124 00:06:41,920 --> 00:06:45,800 Speaker 1: from President Biden when he briefs Congressional leaders. Well, I 125 00:06:45,800 --> 00:06:51,320 Speaker 1: think it's it's the whole situation is ratcheting up in intensity. Um. 126 00:06:51,360 --> 00:06:54,039 Speaker 1: I think the call, as as I've been breathed out 127 00:06:54,080 --> 00:06:59,599 Speaker 1: on it was a fairly intense one. The President Biden 128 00:06:59,720 --> 00:07:05,080 Speaker 1: is the sanction Russia. Um. But I think the terrence, really, 129 00:07:05,200 --> 00:07:07,520 Speaker 1: Joe is a key here. And and you know, we 130 00:07:07,600 --> 00:07:11,280 Speaker 1: know from our intelligence community that we have access now 131 00:07:11,320 --> 00:07:16,800 Speaker 1: to Russia's military plans to invade Ukraine on a certain timetable. 132 00:07:17,560 --> 00:07:20,120 Speaker 1: They have about over a hundred thousand troops now at 133 00:07:20,120 --> 00:07:25,320 Speaker 1: the border and they're dispatching, dispatching almost as many at 134 00:07:25,320 --> 00:07:28,400 Speaker 1: a Moscow right now to go to the Ukraine border. 135 00:07:28,520 --> 00:07:31,160 Speaker 1: So this is a you know joe. If it happened, 136 00:07:31,160 --> 00:07:36,040 Speaker 1: it would be the largest invasion um since World War Two. UM. 137 00:07:36,080 --> 00:07:38,920 Speaker 1: So it's very serious, and I think the terns is key. 138 00:07:39,120 --> 00:07:43,320 Speaker 1: I would hope that the administration would uh talk a 139 00:07:43,320 --> 00:07:47,720 Speaker 1: little tougher um that they would give we would, you know, 140 00:07:48,040 --> 00:07:52,360 Speaker 1: sell them the weapons systems they need to defend themselves. 141 00:07:53,200 --> 00:07:55,920 Speaker 1: I sign up on those weapons sales in my position 142 00:07:55,920 --> 00:07:59,400 Speaker 1: on Foreign Affairs Committee, and we have sold quite a bit. 143 00:07:59,480 --> 00:08:02,080 Speaker 1: But I think we should give them their wish list 144 00:08:02,280 --> 00:08:06,040 Speaker 1: and use NATO UM to make it very strong to 145 00:08:06,120 --> 00:08:08,040 Speaker 1: Putin that this will come at a very high price 146 00:08:08,080 --> 00:08:11,680 Speaker 1: if he does this. So you do believe Vladimir Putin 147 00:08:12,440 --> 00:08:15,320 Speaker 1: is actually aiming to invade Ukraine. Some think he's using 148 00:08:15,360 --> 00:08:17,360 Speaker 1: this threat of war as leverage to get a meeting 149 00:08:17,440 --> 00:08:20,680 Speaker 1: like he got today and to stop the expansion of NATO. 150 00:08:22,080 --> 00:08:25,560 Speaker 1: I think Ukraine has always been in the bull's eye. 151 00:08:26,120 --> 00:08:29,640 Speaker 1: It is the bread basket of Russia. They you know, 152 00:08:29,680 --> 00:08:33,520 Speaker 1: Putin envisioned themselves as you know, this leader with the 153 00:08:33,640 --> 00:08:38,079 Speaker 1: legacy of restoring the glory of the old Soviet Empire 154 00:08:39,120 --> 00:08:42,440 Speaker 1: and its former territories. So I think, you know, Ukraine, 155 00:08:42,480 --> 00:08:44,800 Speaker 1: the Baltic nations have always been part of the plan. 156 00:08:45,440 --> 00:08:47,960 Speaker 1: And I think there's a calculation going on. You know, 157 00:08:48,760 --> 00:08:50,679 Speaker 1: do they see this president as one he's going to 158 00:08:50,800 --> 00:08:54,000 Speaker 1: stand up or can they invade Ukrainian like they did 159 00:08:54,040 --> 00:08:57,160 Speaker 1: with Crimea uh and get away with it? And I 160 00:08:57,200 --> 00:09:02,160 Speaker 1: really think Joe also after Afghanistan, UH, we really start 161 00:09:02,240 --> 00:09:06,280 Speaker 1: projecting weakness when they sell the unconditional surrender to the Taliban, 162 00:09:06,800 --> 00:09:10,640 Speaker 1: and so that's that always invites aggression and I think 163 00:09:10,640 --> 00:09:13,320 Speaker 1: you're seeing that now with Putin, but also President she 164 00:09:14,360 --> 00:09:20,320 Speaker 1: in China and their desire to uh take Taiwan and 165 00:09:20,320 --> 00:09:23,520 Speaker 1: in the island nations. Would you support then a military 166 00:09:23,640 --> 00:09:26,280 Speaker 1: response if if that invasion happened, that would be one 167 00:09:26,320 --> 00:09:29,800 Speaker 1: heck of a commitment for this country. It would um 168 00:09:29,880 --> 00:09:32,600 Speaker 1: and you have to calculator the American people willing to 169 00:09:32,640 --> 00:09:37,920 Speaker 1: go warth rush over Ukraine. That's why instead of saying, oh, 170 00:09:38,000 --> 00:09:41,360 Speaker 1: we're gonna you know, we're gonna make all these weapons 171 00:09:41,360 --> 00:09:44,400 Speaker 1: sales if they invade Ukraine, it should be their way around. 172 00:09:44,440 --> 00:09:47,199 Speaker 1: We should be we should be selling them these weapons 173 00:09:47,240 --> 00:09:51,640 Speaker 1: systems prior to deter um and also saying with the 174 00:09:51,679 --> 00:09:56,520 Speaker 1: North Stream to the pipeline that shockingly the President defied 175 00:09:56,640 --> 00:10:01,640 Speaker 1: congressional mandatory sanctions and invoked the national interest somehow that 176 00:10:01,720 --> 00:10:04,640 Speaker 1: was in our national interest to allow Putin to complete 177 00:10:04,640 --> 00:10:08,280 Speaker 1: his pipeline into Europe. And now I understand Certary Blincoln 178 00:10:08,360 --> 00:10:11,840 Speaker 1: is trying to use as leverage that if they invade Ukraine, 179 00:10:11,840 --> 00:10:15,160 Speaker 1: then we will we will not allow them to complete 180 00:10:15,160 --> 00:10:18,160 Speaker 1: the pipeline. To me, it's kind of uh, you know, 181 00:10:18,200 --> 00:10:24,480 Speaker 1: it's backwards. We should be exerting, you know, strength and 182 00:10:24,720 --> 00:10:27,199 Speaker 1: the terrence. I do wonder what he's going to say 183 00:10:27,240 --> 00:10:29,160 Speaker 1: about that. I said, did that he was this was 184 00:10:29,200 --> 00:10:31,960 Speaker 1: supposed to come up in the meeting congressman, uh, And 185 00:10:32,000 --> 00:10:34,240 Speaker 1: I suspect that you'll you'll hear about that if it did. 186 00:10:34,240 --> 00:10:36,600 Speaker 1: But I'll take it a step further. Should Ukraine be 187 00:10:36,600 --> 00:10:40,080 Speaker 1: allowed to join NATO as it wishes? You know, I 188 00:10:40,120 --> 00:10:43,280 Speaker 1: now under the Bush ears we had this discussion, and 189 00:10:43,880 --> 00:10:48,199 Speaker 1: I think the problem was that we knew if we um, 190 00:10:48,320 --> 00:10:51,959 Speaker 1: if we invited Ukraine be pardoned NATO, it could almost 191 00:10:52,000 --> 00:10:55,360 Speaker 1: immediately put us at worth Russia because they are on 192 00:10:55,440 --> 00:10:58,960 Speaker 1: the border. There is a kinetic war going on on 193 00:10:59,000 --> 00:11:03,800 Speaker 1: the Eastern Front. And after all, they invaded Crimea, so 194 00:11:03,920 --> 00:11:07,520 Speaker 1: had they been a part of NATO. Their invasion of 195 00:11:07,600 --> 00:11:13,719 Speaker 1: Crimea would have set off Article five in NATO Charter. Um. 196 00:11:13,760 --> 00:11:16,560 Speaker 1: I do think what they're very interested in as well 197 00:11:17,000 --> 00:11:20,480 Speaker 1: is the Black Sea, in getting access to the death 198 00:11:20,480 --> 00:11:24,160 Speaker 1: support which between that Crimea, they could control the Black 199 00:11:24,200 --> 00:11:28,360 Speaker 1: Sea and that projects power for Russia. Congress of McCall, 200 00:11:28,400 --> 00:11:32,400 Speaker 1: you helped to establish SIS, the Cyber Security and Infrastructure 201 00:11:32,440 --> 00:11:35,000 Speaker 1: Security Agency a few years back. Its role has become 202 00:11:35,080 --> 00:11:38,760 Speaker 1: much more important since then, in two thousand eighteen, what 203 00:11:38,960 --> 00:11:41,680 Speaker 1: more must it do to prevent cyber attacks from Russia 204 00:11:41,679 --> 00:11:48,760 Speaker 1: as well as China? Well, the missing piece, but fifteen 205 00:11:48,800 --> 00:11:50,360 Speaker 1: years ago we had to decide what's the role of 206 00:11:50,360 --> 00:11:53,360 Speaker 1: the federal government. So you know, defense stands up in 207 00:11:53,400 --> 00:11:56,800 Speaker 1: a time of war, they have offensive capability. We had 208 00:11:57,160 --> 00:11:59,680 Speaker 1: the information sharing Apple a US at the Department of 209 00:12:00,120 --> 00:12:03,800 Speaker 1: Homeland Security. The FBI investigates. But the missing pieces, the 210 00:12:03,840 --> 00:12:09,199 Speaker 1: international piece, and you know the Cyber Diplomacy Act I 211 00:12:09,280 --> 00:12:13,280 Speaker 1: passed out of the House, would would you know, provide 212 00:12:13,320 --> 00:12:17,640 Speaker 1: an ambassador larger than State Department to start negotiating norms 213 00:12:17,640 --> 00:12:21,199 Speaker 1: and standards within the international community and make it clear 214 00:12:21,280 --> 00:12:24,640 Speaker 1: to countries like Russia that while the private sector can't 215 00:12:24,640 --> 00:12:27,439 Speaker 1: hack back in the event of a ransomware attack or 216 00:12:27,920 --> 00:12:31,720 Speaker 1: a cyber attack. UM, that the federal government will that 217 00:12:31,840 --> 00:12:34,959 Speaker 1: we will respond because if you don't have consequences to 218 00:12:35,040 --> 00:12:40,360 Speaker 1: bad behavior, you're just gonna encourage more bad behavior. Speaking 219 00:12:40,400 --> 00:12:43,000 Speaker 1: of China, if I can go there, should we also 220 00:12:43,040 --> 00:12:45,760 Speaker 1: be keeping our athletes away from the Olympics. We opened 221 00:12:45,760 --> 00:12:48,679 Speaker 1: this day with with that being one of the lead stories, 222 00:12:48,679 --> 00:12:52,600 Speaker 1: this diplomatic boycott of the Beijing Olympics. If we're gonna 223 00:12:52,640 --> 00:12:55,520 Speaker 1: go in, why not go all the way? Well, I 224 00:12:55,559 --> 00:12:59,240 Speaker 1: do think the diplomatic boycott have been very supportive of that. 225 00:12:59,320 --> 00:13:03,480 Speaker 1: I'm glad President announced that. Um. Of course luth Wayne 226 00:13:03,559 --> 00:13:06,080 Speaker 1: had did it before we did, but uh that that's 227 00:13:06,200 --> 00:13:13,360 Speaker 1: very you know important. I've also supported relocating uh the games. UM. 228 00:13:13,480 --> 00:13:16,040 Speaker 1: On the four this week, I will have my gener 229 00:13:16,160 --> 00:13:21,520 Speaker 1: you know, genocide bill, the weaker Muslim Genocide Act, condemning 230 00:13:21,960 --> 00:13:26,320 Speaker 1: the communities China for committing genocide and for slave labor. UM. 231 00:13:26,360 --> 00:13:30,440 Speaker 1: So it is unconsidable. UM. I think at the end 232 00:13:30,440 --> 00:13:31,920 Speaker 1: of the day, if it does go forward, and it 233 00:13:31,920 --> 00:13:36,280 Speaker 1: appears that it may, that these athletes deserve to win 234 00:13:36,320 --> 00:13:38,840 Speaker 1: the goal and not allow Russia and China to win it. 235 00:13:39,600 --> 00:13:42,080 Speaker 1: I look back to the Munich Games with Jesse Owens, 236 00:13:42,600 --> 00:13:45,400 Speaker 1: you know, proving to Adolf Hitler that the airing race 237 00:13:45,520 --> 00:13:49,319 Speaker 1: was not superior, and so you will have an ongoing 238 00:13:49,360 --> 00:13:52,280 Speaker 1: debate on that. But I do think that if it 239 00:13:52,440 --> 00:13:56,200 Speaker 1: does go forward, that the athletes themselves and corporate America 240 00:13:56,240 --> 00:14:00,800 Speaker 1: has a responsibility to speak out against the genocide that's 241 00:14:00,840 --> 00:14:03,160 Speaker 1: taking place in China. Well, it's really something to see 242 00:14:03,559 --> 00:14:06,600 Speaker 1: a diplomatic boycott get the response that it got from 243 00:14:06,600 --> 00:14:11,120 Speaker 1: Beijing referring to UH expecting counter measures. I'm not sure 244 00:14:11,160 --> 00:14:13,360 Speaker 1: what with with those will be since I mean we're 245 00:14:13,360 --> 00:14:17,320 Speaker 1: talking about the Olympics here, But as ranking member on 246 00:14:17,520 --> 00:14:21,000 Speaker 1: Foreign Relations here on foreign Affairs, Congressman, what keeps you 247 00:14:21,080 --> 00:14:25,600 Speaker 1: up at night? More Russia or China? Yeah, great question. 248 00:14:25,680 --> 00:14:28,920 Speaker 1: I think I think the Ukraine situation is more imminent. 249 00:14:29,720 --> 00:14:33,600 Speaker 1: I think after the Beijing Games you're gonna see I 250 00:14:33,600 --> 00:14:36,640 Speaker 1: think President g will make the calculation that that's going 251 00:14:36,720 --> 00:14:39,600 Speaker 1: to be the time to move into Taiwan. I think 252 00:14:39,680 --> 00:14:43,160 Speaker 1: China worries me the most because you know, we saw 253 00:14:43,200 --> 00:14:47,280 Speaker 1: the hypersonic missile launched that orbited the Earth and landed 254 00:14:47,320 --> 00:14:50,800 Speaker 1: with precision. They can carry a nuclear payload. We woke 255 00:14:50,880 --> 00:14:54,080 Speaker 1: up and realized that we're behind UM and that they're 256 00:14:54,120 --> 00:14:57,320 Speaker 1: ahead of us, and we are missile defense system can't 257 00:14:57,400 --> 00:15:02,120 Speaker 1: stop it. Most shockingly, UM five times to speed a 258 00:15:02,160 --> 00:15:05,320 Speaker 1: sound at maneuvers and it can hit the homeland. So 259 00:15:05,520 --> 00:15:08,440 Speaker 1: if Taiwan becomes an issue, they've got a little bit 260 00:15:08,440 --> 00:15:10,640 Speaker 1: of a checkmate on us because they can land a 261 00:15:10,720 --> 00:15:15,000 Speaker 1: hypersonic UH, we can't defend ourselves. And then their nuclear 262 00:15:15,560 --> 00:15:18,600 Speaker 1: stockpiles increasing. You know by the day they are going 263 00:15:18,680 --> 00:15:23,360 Speaker 1: to be. They are the great competition for the next generation. 264 00:15:23,400 --> 00:15:26,320 Speaker 1: Would you support a presidential summit? Should Should Joe Biden 265 00:15:26,400 --> 00:15:31,000 Speaker 1: sit down with President she I always think talks are good. 266 00:15:31,160 --> 00:15:34,240 Speaker 1: I you know, I think it's hard to demonize somebody 267 00:15:34,240 --> 00:15:37,280 Speaker 1: that you know, and that's true, and you know in 268 00:15:37,480 --> 00:15:40,160 Speaker 1: comngress and I think that, But I think you have 269 00:15:40,160 --> 00:15:42,640 Speaker 1: to go in clear eye that they have this hundred 270 00:15:42,720 --> 00:15:46,840 Speaker 1: year marathon strategy. Their goal is to become the dominant 271 00:15:47,000 --> 00:15:51,840 Speaker 1: force and both militarily and economically, and the amount of 272 00:15:51,880 --> 00:15:56,680 Speaker 1: technology that we've transferred to China, you know, I I 273 00:15:56,720 --> 00:16:00,760 Speaker 1: hope getting the majority back. I'm very focused on stopping 274 00:16:00,960 --> 00:16:05,680 Speaker 1: our technology companies from exporting our technology to help China 275 00:16:05,720 --> 00:16:09,040 Speaker 1: build up its military. Um, and what they we haven't 276 00:16:09,080 --> 00:16:13,280 Speaker 1: sold to them, they've they've stolen through intellectual property theft 277 00:16:13,880 --> 00:16:16,240 Speaker 1: and um, you know this is gonna be again the 278 00:16:16,240 --> 00:16:18,920 Speaker 1: great competition. It's a rapper. We started this interview, then 279 00:16:18,960 --> 00:16:21,680 Speaker 1: I wonder if you'd support and in person sit down 280 00:16:21,800 --> 00:16:24,160 Speaker 1: with Vladimir Putin after what we saw today. Does he 281 00:16:24,240 --> 00:16:27,920 Speaker 1: deserved more attention or should we let Vladimir Putin simmer 282 00:16:27,920 --> 00:16:31,520 Speaker 1: on the other side of the world. I say, simmer 283 00:16:31,600 --> 00:16:34,200 Speaker 1: and I think we need to provide that deterrence and 284 00:16:34,240 --> 00:16:37,040 Speaker 1: it's going to be strong with the threat of sanctions, 285 00:16:37,080 --> 00:16:41,360 Speaker 1: but also you know, helping you helping Ukraine defend herself 286 00:16:42,360 --> 00:16:46,360 Speaker 1: by army Ukraine with anti aircraft and uh, you know, 287 00:16:46,640 --> 00:16:51,280 Speaker 1: tanks and the military hardware that they need to defend themselves. 288 00:16:51,320 --> 00:16:53,200 Speaker 1: And I think NATO needs to come out very strong. 289 00:16:53,240 --> 00:16:56,120 Speaker 1: This is not just the United States going alone. It's 290 00:16:56,200 --> 00:17:00,600 Speaker 1: NATO's best interest, um, and maybe even the usibility of 291 00:17:00,680 --> 00:17:04,600 Speaker 1: NATO and NATO presence on the Ukraine border with Russia. 292 00:17:05,000 --> 00:17:08,560 Speaker 1: Congressman Michael McCall, Republican from Texas, ranking member House Foreign 293 00:17:08,560 --> 00:17:12,359 Speaker 1: Affairs Committee, we thank you for the insights today on Bloomberg. Thanks, 294 00:17:12,440 --> 00:17:15,360 Speaker 1: Joe's always a pleasure. I heard a short time ago 295 00:17:15,440 --> 00:17:18,040 Speaker 1: as well from the President's National security advisor. If we 296 00:17:18,040 --> 00:17:20,680 Speaker 1: can add this, Jake Sullivan briefing reporters at the White 297 00:17:20,720 --> 00:17:24,440 Speaker 1: House about today's call between Biden and Putin for more 298 00:17:24,480 --> 00:17:26,919 Speaker 1: on on what was said, to the extent that he 299 00:17:26,960 --> 00:17:29,000 Speaker 1: decided to share this here. Sullivan in the White House 300 00:17:29,000 --> 00:17:32,359 Speaker 1: briefing room as President Biden looked President Putin in the 301 00:17:32,400 --> 00:17:35,359 Speaker 1: eye and told him today that things we did not 302 00:17:35,440 --> 00:17:38,560 Speaker 1: do in we are prepared to do now now in 303 00:17:38,640 --> 00:17:41,919 Speaker 1: terms of the specifics, we would prefer to communicate that 304 00:17:41,960 --> 00:17:44,840 Speaker 1: directly to the Russians, to not negotiate in public, to 305 00:17:44,960 --> 00:17:47,199 Speaker 1: not telegraph or punches, but we are laying out for 306 00:17:47,240 --> 00:17:50,359 Speaker 1: the Russians on some detail the types of measures that 307 00:17:50,400 --> 00:17:52,760 Speaker 1: we have in mind. That's it, because just how about 308 00:17:52,800 --> 00:17:56,320 Speaker 1: just a just a snippet. By the way, Big points 309 00:17:56,359 --> 00:17:59,879 Speaker 1: to Sullivan for looking beyond the first two rows in 310 00:18:00,040 --> 00:18:02,000 Speaker 1: the briefing room. I think it's because he doesn't spend 311 00:18:02,080 --> 00:18:04,080 Speaker 1: enough time down there. He literally calls on people in 312 00:18:04,119 --> 00:18:07,080 Speaker 1: the back of the room. But let's assemble the panel 313 00:18:07,119 --> 00:18:09,679 Speaker 1: as we pressed forward on Russia specifically today, we are 314 00:18:09,720 --> 00:18:13,439 Speaker 1: joined by Bloomberg Politics contributor Rick Davis, along with Kevin Walling, 315 00:18:13,480 --> 00:18:16,640 Speaker 1: democratic strategist at h G Creative Media. Kevin, I'll start 316 00:18:16,640 --> 00:18:18,320 Speaker 1: with you because we're delighted to have you with us 317 00:18:18,600 --> 00:18:20,560 Speaker 1: here in studio in New York. Both of us are 318 00:18:20,560 --> 00:18:22,240 Speaker 1: out of town today, so it's good to see you 319 00:18:22,640 --> 00:18:26,760 Speaker 1: and welcome. Talk to us about this meeting. The optics 320 00:18:26,800 --> 00:18:29,480 Speaker 1: behind this, we saw a little bit of a splash 321 00:18:29,520 --> 00:18:33,680 Speaker 1: with Joe Biden speaking with Vladimir Putin. It came out 322 00:18:33,720 --> 00:18:36,600 Speaker 1: from Russian from the Russian side exactly right, not from 323 00:18:36,680 --> 00:18:40,000 Speaker 1: not from US press. How did Joe Biden look? And 324 00:18:40,160 --> 00:18:43,679 Speaker 1: was this meeting alone a win for Vladimir Putin? This 325 00:18:43,760 --> 00:18:46,760 Speaker 1: is what he wanted, right, It's absolutely what he wanted. Uh. 326 00:18:46,760 --> 00:18:49,080 Speaker 1: And it's great to be with you in New York, Joe. Um. 327 00:18:49,440 --> 00:18:51,560 Speaker 1: You know, the meeting went on for two hours, I think, 328 00:18:51,560 --> 00:18:55,800 Speaker 1: which kind of blew past the internal benchmarks for how 329 00:18:55,840 --> 00:18:59,080 Speaker 1: long they wanted the two leaders to speak for from 330 00:18:59,080 --> 00:19:02,320 Speaker 1: the situation room. Obviously, Jake came out and briefed the 331 00:19:02,359 --> 00:19:05,160 Speaker 1: press afterwards. I think, you know, the President had one 332 00:19:05,359 --> 00:19:08,240 Speaker 1: objective with this and was to lay out in concrete 333 00:19:08,359 --> 00:19:12,560 Speaker 1: terms what the exact ramifications would be if an incursion 334 00:19:12,640 --> 00:19:15,480 Speaker 1: into Ukraine occurs, and we've seen about a hundred thousand 335 00:19:15,560 --> 00:19:19,160 Speaker 1: or so troops mass Russian troops along that border. Upwards 336 00:19:19,160 --> 00:19:21,560 Speaker 1: of a hundred and seventy thousand have been discussed in 337 00:19:21,640 --> 00:19:25,040 Speaker 1: terms of what an invasion would look like potentially. Um. 338 00:19:25,080 --> 00:19:27,000 Speaker 1: But again, I think you saw the President who was 339 00:19:27,119 --> 00:19:30,520 Speaker 1: very clear eyed, as Jake said, um and looked Putin 340 00:19:30,520 --> 00:19:32,880 Speaker 1: in the eye directly through that video conference and said, 341 00:19:33,040 --> 00:19:36,520 Speaker 1: these will be the direct consequences, whether it be economic sanctions, 342 00:19:36,640 --> 00:19:39,760 Speaker 1: energy sanctions, uh, and the standing of Russia in the world, 343 00:19:40,000 --> 00:19:43,480 Speaker 1: not military sanctions. Uh. Well, military action, I should say, 344 00:19:43,920 --> 00:19:46,639 Speaker 1: Rick Davis, was that smart to to not go quite 345 00:19:46,640 --> 00:19:48,520 Speaker 1: that far as the United States, as I asked the 346 00:19:48,520 --> 00:19:53,200 Speaker 1: congressman actually prepared to go to war over Ukraine. Well, 347 00:19:53,240 --> 00:19:55,840 Speaker 1: I don't think that that that this is the time 348 00:19:55,840 --> 00:19:58,840 Speaker 1: of the place. Uh. In the discussions that that Putin 349 00:19:58,920 --> 00:20:02,439 Speaker 1: had with uh Biden for Biden to throw down that gauntlet, right, 350 00:20:02,480 --> 00:20:06,320 Speaker 1: he's not declaring war on on Russia. But but um, uh, 351 00:20:06,480 --> 00:20:10,399 Speaker 1: he did lay down very clear, as Kevin said, sanctions. 352 00:20:10,480 --> 00:20:12,639 Speaker 1: But here's the thing that concerns me. I mean, like 353 00:20:12,760 --> 00:20:17,200 Speaker 1: Putin is not like negotiating with the Europeans. European kind 354 00:20:17,200 --> 00:20:20,080 Speaker 1: of rules. Marcus Queensberry. You know, everybody goes back to 355 00:20:20,080 --> 00:20:23,000 Speaker 1: your corner after a breather. This guy's a thug. I mean, 356 00:20:23,160 --> 00:20:27,560 Speaker 1: Vladimir Putin only knows power, you know, strength and and 357 00:20:27,560 --> 00:20:30,320 Speaker 1: and this is the kind of negotiation that actually Donald 358 00:20:30,359 --> 00:20:32,800 Speaker 1: Trump did pretty well, right, even though he tended to 359 00:20:32,840 --> 00:20:34,720 Speaker 1: go light on Putin. I mean, he could lay down 360 00:20:34,720 --> 00:20:37,440 Speaker 1: the law. And this is what I think Putin understands. 361 00:20:37,440 --> 00:20:41,239 Speaker 1: And so did the president lay down the law? Did 362 00:20:41,320 --> 00:20:44,879 Speaker 1: he say my stick is bigger than your stick? Because 363 00:20:45,040 --> 00:20:49,640 Speaker 1: that's the kind of discussion that Vladimir Putin understands that 364 00:20:49,720 --> 00:20:52,159 Speaker 1: if you do these things that we say are a 365 00:20:52,280 --> 00:20:55,000 Speaker 1: red line, you will be punished in this way and 366 00:20:55,040 --> 00:20:58,040 Speaker 1: it will hurt you more then it's gonna hurt us. 367 00:20:58,240 --> 00:21:01,280 Speaker 1: And and I think if that a heard, uh, then 368 00:21:01,320 --> 00:21:04,239 Speaker 1: it was well worth having a two hour call, you know, 369 00:21:04,320 --> 00:21:08,000 Speaker 1: with with the thud Wow, bring us in the room, Reggie, 370 00:21:08,040 --> 00:21:09,680 Speaker 1: Can we play that we actually got as we mentioned 371 00:21:09,680 --> 00:21:11,680 Speaker 1: a little bit of sound from this meeting from the Russians. 372 00:21:11,840 --> 00:21:15,280 Speaker 1: Of course, Joe Biden speaking through a translator. Listen to 373 00:21:15,320 --> 00:21:26,440 Speaker 1: these guys getting along famously. Hello, good to see you again. Unfortunately, 374 00:21:27,200 --> 00:21:28,960 Speaker 1: last time I said, we didn't get to see one 375 00:21:29,000 --> 00:21:31,120 Speaker 1: another to G twenty. I hope next time we meet 376 00:21:31,160 --> 00:21:35,080 Speaker 1: we do it in person. If you listen, it's not 377 00:21:35,640 --> 00:21:43,600 Speaker 1: not about food and listening to the translator. Simple as that. 378 00:21:44,119 --> 00:21:46,919 Speaker 1: So fast, friends, Rick Davis, does that sound like the 379 00:21:46,920 --> 00:21:49,520 Speaker 1: projection of power? Or were we not in the room 380 00:21:49,560 --> 00:21:52,240 Speaker 1: for the part that counted? Yeah? You know, Look, it's 381 00:21:52,320 --> 00:21:54,879 Speaker 1: less than one minute of a two hour meeting. I 382 00:21:54,880 --> 00:21:57,439 Speaker 1: don't want to prejudge us on one clip, but I 383 00:21:57,480 --> 00:22:00,320 Speaker 1: think that instead of saying I'll see you at the 384 00:22:00,359 --> 00:22:02,560 Speaker 1: next twenty, it should have been we'll kick you out 385 00:22:02,600 --> 00:22:06,760 Speaker 1: of the G twenty if you cross that border. Uh certainly, 386 00:22:06,800 --> 00:22:09,640 Speaker 1: I think the tactic that Putin would understand. Why invite 387 00:22:09,720 --> 00:22:12,040 Speaker 1: him into the Council of Nations when he doesn't act 388 00:22:12,119 --> 00:22:15,360 Speaker 1: as a responsible one? Uh So I hope it got 389 00:22:15,400 --> 00:22:18,880 Speaker 1: tougher after that, But I I have to have confidence 390 00:22:18,920 --> 00:22:21,760 Speaker 1: that the President and his team, and this is really 391 00:22:21,960 --> 00:22:26,280 Speaker 1: Austin Secretary Defense and blink In, Secretary of State, are 392 00:22:26,600 --> 00:22:28,840 Speaker 1: prepared to go toe to toe with these Russians because 393 00:22:28,840 --> 00:22:31,600 Speaker 1: the only thing that they're gonna understand and keep them 394 00:22:31,600 --> 00:22:33,879 Speaker 1: from going into Ukraine. Is our strength as a nation, 395 00:22:33,960 --> 00:22:36,600 Speaker 1: and we do have great strength. This is not something 396 00:22:36,640 --> 00:22:40,399 Speaker 1: that is a hollow threat. And I'm only afraid to 397 00:22:40,560 --> 00:22:43,280 Speaker 1: as the Congressman said that President she and China is 398 00:22:43,320 --> 00:22:46,480 Speaker 1: watching every move. If we appear weak here, uh, it 399 00:22:46,520 --> 00:22:50,000 Speaker 1: will embolden him on Taiwan. And so we're this is 400 00:22:50,040 --> 00:22:52,920 Speaker 1: a moment in time where the entire world needs to 401 00:22:52,920 --> 00:22:56,639 Speaker 1: be looking at these these two events and saying, you know, 402 00:22:56,800 --> 00:23:00,679 Speaker 1: we've probably never had this much potential threat since like 403 00:23:00,760 --> 00:23:04,120 Speaker 1: the early nineties. Is the ball Kevin now in Vladimir 404 00:23:04,160 --> 00:23:06,320 Speaker 1: Putin's court? Do we wait to see what the Russians do? 405 00:23:06,440 --> 00:23:09,399 Speaker 1: And with that in mind, this was the fourth meeting. 406 00:23:09,600 --> 00:23:11,879 Speaker 1: Should there been four meetings already? Should this have been 407 00:23:11,880 --> 00:23:13,960 Speaker 1: the first meeting? You know, it's a it's a good point. 408 00:23:14,119 --> 00:23:15,880 Speaker 1: And Rick makes an excellent point too. I mean, there's 409 00:23:15,920 --> 00:23:18,040 Speaker 1: a reason why it's no longer the G eight, right, 410 00:23:18,080 --> 00:23:20,800 Speaker 1: I mean, we made the decision along with our allies 411 00:23:20,840 --> 00:23:25,320 Speaker 1: to remove Russia over the fourteen incursion in crimea. Uh. 412 00:23:25,400 --> 00:23:27,800 Speaker 1: And and I think Joe you make an interesting point 413 00:23:27,800 --> 00:23:29,800 Speaker 1: to in terms of does this elevate Putin? I mean 414 00:23:29,800 --> 00:23:31,520 Speaker 1: you've got to look at Russia. Russia's on the same 415 00:23:31,600 --> 00:23:35,080 Speaker 1: level economic power wise as Spain. In Brazil right there. 416 00:23:35,080 --> 00:23:37,439 Speaker 1: No longer they're not getting four meetings. They're not getting 417 00:23:37,440 --> 00:23:40,240 Speaker 1: four meetings. UM. So it is a question as to 418 00:23:40,400 --> 00:23:42,720 Speaker 1: it does this in power Putin. This is obviously what 419 00:23:42,760 --> 00:23:45,639 Speaker 1: Putin wants, but if it staves off in invasion in 420 00:23:45,720 --> 00:23:50,120 Speaker 1: two of world powers, um, then it might be well 421 00:23:50,160 --> 00:23:53,880 Speaker 1: worth it. I'm compelled to look back to the statement 422 00:23:55,119 --> 00:23:59,199 Speaker 1: from Senator Mitch McConnell, the Minority leader, the sixth of October. 423 00:24:00,000 --> 00:24:04,400 Speaker 1: Any one a lifetime ago. Remember this was when McConnell 424 00:24:05,720 --> 00:24:09,159 Speaker 1: quote unquote saved the day and swept in at the 425 00:24:09,240 --> 00:24:11,600 Speaker 1: last minute to help get this done. They kicked the 426 00:24:11,640 --> 00:24:16,920 Speaker 1: can and set up what happened today. And he wrote 427 00:24:16,920 --> 00:24:23,200 Speaker 1: at that point, democrats excuses this will moot democrats excuses 428 00:24:23,240 --> 00:24:25,920 Speaker 1: about the time crunch they created. They created giving the 429 00:24:26,000 --> 00:24:29,160 Speaker 1: unified Democratic government more than enough time to pass standalone 430 00:24:29,200 --> 00:24:33,680 Speaker 1: debt limit legislation through reconciliation. He wrote that day. Alternatively, 431 00:24:33,720 --> 00:24:36,720 Speaker 1: if Democrats abandoned their efforts to ram through another historically 432 00:24:36,840 --> 00:24:39,840 Speaker 1: reckless tax and spend spree, that will hurt families and 433 00:24:39,840 --> 00:24:43,920 Speaker 1: help China a more traditional bipartisan governing conversation could be possible, 434 00:24:44,280 --> 00:24:48,320 Speaker 1: I e. Don't come calling again, but of course they did, 435 00:24:49,119 --> 00:24:52,879 Speaker 1: and Mitch McConnell answered, the build back better still on 436 00:24:52,920 --> 00:24:57,840 Speaker 1: the table, and it could still happen this year. And 437 00:24:57,960 --> 00:24:59,920 Speaker 1: we talked about it now with Michael Hardaway, founder of 438 00:25:00,000 --> 00:25:03,520 Speaker 1: Hardaway Why Are his company provides political intelligence to c 439 00:25:03,720 --> 00:25:07,800 Speaker 1: e o s around the country, former communications director for 440 00:25:07,840 --> 00:25:11,360 Speaker 1: the House Democratic Caucus, and of course Representative HOCKEYM Jefferies. 441 00:25:11,359 --> 00:25:13,040 Speaker 1: As I said, Michael, it's great to have you back. 442 00:25:13,280 --> 00:25:15,639 Speaker 1: I can't imagine that you were expecting a deal today. 443 00:25:15,680 --> 00:25:18,800 Speaker 1: Maybe you were, Is that what you were advising your 444 00:25:18,880 --> 00:25:23,000 Speaker 1: clients on. I would tell you that we expected to 445 00:25:23,040 --> 00:25:26,400 Speaker 1: do this week, but no one in Washington expected that 446 00:25:26,520 --> 00:25:30,320 Speaker 1: deal to happen today. So what compelled McConnell to help 447 00:25:30,359 --> 00:25:35,000 Speaker 1: Democrats solve this thing. It was a complete surrender on 448 00:25:35,119 --> 00:25:37,480 Speaker 1: his part because to the point that you made a 449 00:25:37,480 --> 00:25:39,760 Speaker 1: month and a half ago, he said that this would 450 00:25:39,800 --> 00:25:43,840 Speaker 1: never happen. But to his credit, he did the right thing, 451 00:25:44,440 --> 00:25:47,840 Speaker 1: and more importantly, he set his members up for next 452 00:25:47,880 --> 00:25:53,320 Speaker 1: November's election because in that election, Republicans will say Democrats 453 00:25:53,920 --> 00:25:57,400 Speaker 1: piled all of this debt onto the American public, and 454 00:25:57,440 --> 00:26:01,680 Speaker 1: they're responsible for reason the death sailing by the self, notwithspending, 455 00:26:01,760 --> 00:26:05,040 Speaker 1: the fact that this was bipartisan spending that both parties 456 00:26:05,040 --> 00:26:09,800 Speaker 1: agreed to. Democrats have taken responsibility for that spending. So 457 00:26:10,560 --> 00:26:14,320 Speaker 1: Mitch McConnell lost the battle in an attempt to win 458 00:26:14,400 --> 00:26:17,080 Speaker 1: the war. And they'll be able to make a lot 459 00:26:17,119 --> 00:26:19,359 Speaker 1: of campaign commercials once they get a number on this 460 00:26:19,480 --> 00:26:23,320 Speaker 1: thing and and show Democrats to be spending like drunken sailors. 461 00:26:23,320 --> 00:26:28,240 Speaker 1: That's where you're going, absolutely correct. And you know it's 462 00:26:28,280 --> 00:26:31,080 Speaker 1: not clear that that will be effective in an election 463 00:26:31,080 --> 00:26:34,399 Speaker 1: that likely won't be about the issues. But from from 464 00:26:34,400 --> 00:26:38,840 Speaker 1: his perspective, he's certainly surrendered in the short term, but 465 00:26:38,880 --> 00:26:42,399 Speaker 1: he's aiming for a larger victory in the long term. 466 00:26:42,400 --> 00:26:44,480 Speaker 1: How come we haven't heard from Senator Chuck Schumer yet? 467 00:26:44,480 --> 00:26:46,119 Speaker 1: Why not come out and try to spend this too, 468 00:26:46,160 --> 00:26:50,720 Speaker 1: Democrats favor? Why why give this to Mitch McConnell. The 469 00:26:50,800 --> 00:26:53,040 Speaker 1: silence has been very interesting, I would say to you 470 00:26:53,080 --> 00:26:55,680 Speaker 1: with no evidence. You know, listen, I spoke with friends 471 00:26:55,680 --> 00:26:58,639 Speaker 1: in leadership today about this issue, but they did not 472 00:26:58,720 --> 00:27:01,640 Speaker 1: tell me that in him it was made between Schumer 473 00:27:01,680 --> 00:27:04,080 Speaker 1: and McConnell about the announcement. But I would say to 474 00:27:04,080 --> 00:27:08,560 Speaker 1: you that in these situations, they must have agreed that 475 00:27:09,440 --> 00:27:12,119 Speaker 1: you know, listen, Mr McConnell, you can make the announcement 476 00:27:12,359 --> 00:27:14,879 Speaker 1: as part of a larger agreement, because it's never the 477 00:27:14,920 --> 00:27:17,560 Speaker 1: case that you allow the other side to control the 478 00:27:17,680 --> 00:27:21,560 Speaker 1: narrative unless some agreement was made. Okay, Michael, So let's 479 00:27:21,560 --> 00:27:23,560 Speaker 1: say this all works. We're gonna assume this works. They 480 00:27:23,560 --> 00:27:25,479 Speaker 1: wouldn't have rolled it out. I'm assuming if if it 481 00:27:25,560 --> 00:27:28,560 Speaker 1: was not actually going to pass debt limits done until 482 00:27:28,600 --> 00:27:31,200 Speaker 1: after the mid terms. So what are we left with here? 483 00:27:31,280 --> 00:27:34,080 Speaker 1: We've got this defense spending bill. I'm assuming they find 484 00:27:34,080 --> 00:27:36,400 Speaker 1: a way forward on that. Maybe you're gonna tell me otherwise. 485 00:27:36,440 --> 00:27:39,879 Speaker 1: It's not been a terribly controversial issue before this time around, 486 00:27:39,880 --> 00:27:42,960 Speaker 1: at least not usually. But then there's this big old 487 00:27:43,040 --> 00:27:46,000 Speaker 1: build back better thing one point seven five trillion. We 488 00:27:46,040 --> 00:27:48,119 Speaker 1: don't know what it's gonna look like. Maybe you do 489 00:27:48,200 --> 00:27:50,760 Speaker 1: when it comes out of the Senate. But would it 490 00:27:50,800 --> 00:27:54,600 Speaker 1: be politically smart? Would it be a wise move for 491 00:27:54,680 --> 00:27:57,560 Speaker 1: Chuck Schumer to take the win on the debt ceiling, 492 00:27:58,040 --> 00:28:02,000 Speaker 1: get defense spending done? Hall it a win, take the 493 00:28:02,119 --> 00:28:04,280 Speaker 1: victory and go home and come back in the new 494 00:28:04,359 --> 00:28:07,159 Speaker 1: year to pass the rest of the Biden agenda, or 495 00:28:07,160 --> 00:28:08,760 Speaker 1: are they really going to try to do this all 496 00:28:08,800 --> 00:28:12,280 Speaker 1: before Christmas? The first thing I would say to you 497 00:28:12,359 --> 00:28:14,880 Speaker 1: is that the fifth Spinning does get done. It gets 498 00:28:14,920 --> 00:28:17,960 Speaker 1: done in the bipartisan manor. So that's good, right, there's 499 00:28:18,000 --> 00:28:21,040 Speaker 1: some sanity that still exists in Washington that gets done. 500 00:28:21,440 --> 00:28:23,960 Speaker 1: In terms of the Build That Better Act, it's not 501 00:28:24,119 --> 00:28:28,240 Speaker 1: looking good. Obviously, Mr Schumer delivered a victory on the 502 00:28:28,240 --> 00:28:31,920 Speaker 1: bipartisan bill. In terms of this particular bill, they're a 503 00:28:32,000 --> 00:28:36,240 Speaker 1: race against the clock. The Senate leaves town next Friday. Now, 504 00:28:36,280 --> 00:28:38,640 Speaker 1: of course they could extend that, but they leave town 505 00:28:38,640 --> 00:28:42,160 Speaker 1: next Friday. The House leaves town this week. And so 506 00:28:42,280 --> 00:28:45,400 Speaker 1: the question is can you get this bill done in 507 00:28:45,440 --> 00:28:48,800 Speaker 1: a very short time period with significant work that needs 508 00:28:48,800 --> 00:28:52,760 Speaker 1: to be done. And what we're telling our CEOs is no, 509 00:28:53,240 --> 00:28:55,960 Speaker 1: that it likely doesn't get done this year and nothing 510 00:28:55,960 --> 00:28:59,880 Speaker 1: gets done next year. And so Democrats have to spitch forward. 511 00:29:00,520 --> 00:29:02,920 Speaker 1: They have to push forward this year and try to 512 00:29:02,960 --> 00:29:06,720 Speaker 1: get this done. But it's unluckily to get done this year. 513 00:29:07,480 --> 00:29:09,280 Speaker 1: But did you just say if not this year, it 514 00:29:09,320 --> 00:29:13,000 Speaker 1: will not get done next year. Next year is going 515 00:29:13,080 --> 00:29:16,400 Speaker 1: to be an ugly election year in which you can 516 00:29:16,440 --> 00:29:19,680 Speaker 1: expect very little to get done. But I don't expect 517 00:29:19,680 --> 00:29:21,720 Speaker 1: to build that Better Act to get done next year. 518 00:29:21,800 --> 00:29:26,280 Speaker 1: That means it's not getting done though, Michael. Unfortunately for 519 00:29:26,400 --> 00:29:31,000 Speaker 1: the American public, I don't see it happening. Well, okay, 520 00:29:31,160 --> 00:29:33,560 Speaker 1: so we come back in the new year. Joe Biden 521 00:29:33,600 --> 00:29:35,760 Speaker 1: takes the year off, Democrats sit on their hands. What's 522 00:29:35,800 --> 00:29:39,200 Speaker 1: the agenda in the midterm election year? Then? You know, 523 00:29:39,440 --> 00:29:42,120 Speaker 1: I think the Democrats will continue fighting for the issues 524 00:29:42,160 --> 00:29:45,080 Speaker 1: that they want to get done for the American public. 525 00:29:45,120 --> 00:29:47,920 Speaker 1: I think that still happens. Your biggest issue is that 526 00:29:48,240 --> 00:29:51,680 Speaker 1: Republicans will say no at every turn on every very 527 00:29:51,680 --> 00:29:56,360 Speaker 1: small thing because from their perspective, bipartisan infrastructure is done. 528 00:29:56,760 --> 00:29:59,480 Speaker 1: They don't want to give this president or this Democratic 529 00:29:59,480 --> 00:30:02,880 Speaker 1: Congress a victory on anything as they lead up to 530 00:30:02,880 --> 00:30:05,920 Speaker 1: an election year, and that is the biggest obstacle to 531 00:30:06,040 --> 00:30:09,280 Speaker 1: anything getting done. Democrats has still work on those issues 532 00:30:09,320 --> 00:30:13,280 Speaker 1: that they care about, but Republicans will obstruct everything. And 533 00:30:13,280 --> 00:30:15,920 Speaker 1: by Republicans you mean Joe Manchion and Kirston Cinema. No, 534 00:30:16,040 --> 00:30:19,160 Speaker 1: that's a joke. But that's kind of real, though, isn't it. Well, 535 00:30:19,200 --> 00:30:20,640 Speaker 1: you know, I worked in the Senate. I can tell 536 00:30:20,680 --> 00:30:25,840 Speaker 1: you that every senator thinks he should be president, and 537 00:30:24,000 --> 00:30:28,520 Speaker 1: they and they are now all right, and so you listen. 538 00:30:28,680 --> 00:30:31,320 Speaker 1: Manton and Cinema still have not budged in terms of 539 00:30:31,360 --> 00:30:34,880 Speaker 1: their opposition to many parts of this bill, and so 540 00:30:35,000 --> 00:30:37,880 Speaker 1: I don't expect them to budge or change in this regard. 541 00:30:38,080 --> 00:30:43,600 Speaker 1: Michael Hardaway, founder of Hardaway Wire, longtime creature of Capitol Hill, 542 00:30:43,640 --> 00:30:45,600 Speaker 1: and we always mean that in the best way. Thanks 543 00:30:45,640 --> 00:30:48,840 Speaker 1: for the insights. Michael sounds like he's got a special 544 00:30:48,880 --> 00:30:52,600 Speaker 1: gift for the Democratic leadership. I've got to hear from 545 00:30:52,600 --> 00:30:55,000 Speaker 1: the panel on this reckon. Kevin, are back next. This 546 00:30:55,040 --> 00:31:01,160 Speaker 1: is Bloomberg. You're listening to blue Berg. You sound on 547 00:31:01,560 --> 00:31:07,160 Speaker 1: with Joe Matthew on Bloomberg Radio. Thanks for spending part 548 00:31:07,160 --> 00:31:09,000 Speaker 1: of your evening with us. I hope you're getting home. 549 00:31:09,120 --> 00:31:11,400 Speaker 1: You just heard Michael Hardaway say it here. If the 550 00:31:11,440 --> 00:31:14,360 Speaker 1: President's social spending plan does not pass this month, it 551 00:31:14,440 --> 00:31:17,840 Speaker 1: will not pass next year. And he doesn't expect it 552 00:31:17,880 --> 00:31:21,520 Speaker 1: to pass this month. And now with infrastructure signed into law, 553 00:31:21,600 --> 00:31:24,080 Speaker 1: look at this list the debt ceiling apparently handled the 554 00:31:24,120 --> 00:31:27,440 Speaker 1: announced the deal today defense spending in the pipeline? Does 555 00:31:27,480 --> 00:31:31,680 Speaker 1: it actually matter politically for the Democratic Party. We reassemble 556 00:31:31,720 --> 00:31:34,720 Speaker 1: the panel now with Bloomberg Politics contributor Rick Davis and 557 00:31:34,800 --> 00:31:37,280 Speaker 1: Kevin walling Is with this Democratic strategist at h G 558 00:31:37,440 --> 00:31:40,440 Speaker 1: Creative Media. Rick, I don't think you expected Build Back 559 00:31:40,480 --> 00:31:42,840 Speaker 1: Better to pass this month this year either, But do 560 00:31:42,840 --> 00:31:44,520 Speaker 1: you agree that it would also then be dead in 561 00:31:44,560 --> 00:31:48,959 Speaker 1: the water, not necessarily. I mean, the Democrats I know 562 00:31:49,200 --> 00:31:51,640 Speaker 1: all agree that they're probably gonna get beat in the 563 00:31:51,680 --> 00:31:55,440 Speaker 1: House in the mid term elections, and so there there's 564 00:31:55,440 --> 00:31:58,400 Speaker 1: a sense that they can't just waste next year with 565 00:31:58,480 --> 00:32:01,800 Speaker 1: the political you know osturing right, It's it's almost like 566 00:32:01,880 --> 00:32:06,120 Speaker 1: Kama Kazi legislation. Right, we know we're going down and 567 00:32:06,160 --> 00:32:08,160 Speaker 1: we might as well get something done in the meantime. 568 00:32:08,840 --> 00:32:13,400 Speaker 1: And so I can see cobbling together a bill, probably 569 00:32:13,440 --> 00:32:15,800 Speaker 1: nothing like what we're talking about right now, you know, 570 00:32:15,840 --> 00:32:19,680 Speaker 1: the current Build Back Better Act, but getting something done 571 00:32:19,720 --> 00:32:25,000 Speaker 1: that tries to basically impose their social agenda on the country. Um, 572 00:32:25,040 --> 00:32:28,240 Speaker 1: there there is there may be votes for that, and 573 00:32:28,240 --> 00:32:30,960 Speaker 1: and but like they're all practical to know that that's 574 00:32:31,000 --> 00:32:34,840 Speaker 1: the end of the Democratic legislative control of Washington, at 575 00:32:34,920 --> 00:32:38,080 Speaker 1: least for the foreseeable future. So there there, there is 576 00:32:38,160 --> 00:32:40,360 Speaker 1: that sort of fail safe that they may want to pull. 577 00:32:40,440 --> 00:32:42,600 Speaker 1: So I'm I wouldn't I wouldn't count it out. But 578 00:32:42,760 --> 00:32:46,719 Speaker 1: it's it's We've talked repeatedly. The longer this bill sits around, 579 00:32:47,120 --> 00:32:50,280 Speaker 1: the more it starts to stink. Have to admit if 580 00:32:50,320 --> 00:32:54,600 Speaker 1: I ever if I ever start a consultancy, Kevin, I'm 581 00:32:54,640 --> 00:33:01,840 Speaker 1: calling it kama Kazi legislation media. That's kamakazi media. That's brilliant. 582 00:33:02,000 --> 00:33:03,680 Speaker 1: All right, you heard it here. First, I'm going for 583 00:33:03,720 --> 00:33:06,720 Speaker 1: the trademark if this, if this rolls into next year, 584 00:33:07,440 --> 00:33:09,840 Speaker 1: maybe it's a different form, Kevin. Maybe it's not this 585 00:33:09,920 --> 00:33:12,440 Speaker 1: build back better at one point whatever it is trillion? 586 00:33:13,040 --> 00:33:15,960 Speaker 1: Do Democrats start going piecemeal? Here? Do you do? Do 587 00:33:16,000 --> 00:33:18,200 Speaker 1: you put up a paid leave bill if you believe 588 00:33:18,200 --> 00:33:20,080 Speaker 1: in it that much? Do you put up a climate bill? 589 00:33:20,560 --> 00:33:22,920 Speaker 1: Maybe they don't pass, but do they do they go 590 00:33:23,000 --> 00:33:25,040 Speaker 1: down try it? Yeah, it's a great question. You know, 591 00:33:25,080 --> 00:33:27,200 Speaker 1: I'm kind of bullish as a Democrat. I I listen 592 00:33:27,200 --> 00:33:29,360 Speaker 1: to Michael and I kind of take a different track, 593 00:33:29,640 --> 00:33:32,520 Speaker 1: you know, Chuck Schumer's got eighteen days for his deadline 594 00:33:32,560 --> 00:33:34,960 Speaker 1: for this self and post on build back better. I 595 00:33:34,960 --> 00:33:37,480 Speaker 1: think we get something maybe in the neighborhood of a trillion, 596 00:33:37,520 --> 00:33:39,200 Speaker 1: Maybe in the neighborhood at one point too what have you? 597 00:33:39,280 --> 00:33:41,800 Speaker 1: Probably not as big as as a comprehensive bill. You know. 598 00:33:41,840 --> 00:33:44,160 Speaker 1: One key component expires at the end of this month 599 00:33:44,240 --> 00:33:46,760 Speaker 1: is child tax credit. That's gonna be a huge thing 600 00:33:46,760 --> 00:33:49,080 Speaker 1: for families. There's gonna be some pressure on that. A 601 00:33:49,120 --> 00:33:51,400 Speaker 1: lot of ink has not been spilled yet on that, 602 00:33:51,520 --> 00:33:53,840 Speaker 1: especially as we head into the holiday season. So I 603 00:33:53,880 --> 00:33:57,560 Speaker 1: could see something something like that being part of a component, um, 604 00:33:57,600 --> 00:33:59,640 Speaker 1: you know, and maybe we tackle the climate stuff, maybe 605 00:33:59,640 --> 00:34:02,120 Speaker 1: we tackle some of the larger ticket items in a 606 00:34:02,200 --> 00:34:06,320 Speaker 1: separate bill. We started yesterday's broadcast Kevin by calling it 607 00:34:06,440 --> 00:34:09,439 Speaker 1: triage here, right, we've got we only have a room 608 00:34:09,480 --> 00:34:11,239 Speaker 1: for so many bodies on the floor. Here. What are 609 00:34:11,239 --> 00:34:13,560 Speaker 1: the actual priorities? And I don't know if you're willing 610 00:34:13,600 --> 00:34:16,040 Speaker 1: to go there, but maybe you just did. Is it 611 00:34:16,120 --> 00:34:19,960 Speaker 1: is it paid leave, expanded child tax credit? And what like? 612 00:34:20,000 --> 00:34:21,879 Speaker 1: What are the top three we gotta get done? Yeah, 613 00:34:22,040 --> 00:34:23,759 Speaker 1: I think it's that. I think it's some element of 614 00:34:23,880 --> 00:34:26,040 Speaker 1: education funding. And I do think it's some element of 615 00:34:26,040 --> 00:34:28,200 Speaker 1: a of a pre k. I do think there's some 616 00:34:28,239 --> 00:34:30,880 Speaker 1: element of the climate agenda, But just because you have 617 00:34:31,080 --> 00:34:33,480 Speaker 1: Democrats that need to show up our base and that 618 00:34:33,640 --> 00:34:36,319 Speaker 1: is a key priority for Democrats, is something in the 619 00:34:36,400 --> 00:34:38,480 Speaker 1: in the realm of climate So Rick, based on what 620 00:34:38,520 --> 00:34:40,759 Speaker 1: we've seen this year and and and the herding of 621 00:34:40,840 --> 00:34:44,200 Speaker 1: cats or lack thereof within the Democratic Party on Capitol 622 00:34:44,280 --> 00:34:46,239 Speaker 1: Hill talk about a big tent, is any of that 623 00:34:46,320 --> 00:34:49,399 Speaker 1: possible in your eyes? You know? Look, I think one 624 00:34:49,400 --> 00:34:51,080 Speaker 1: of the things that's going to be the filter for 625 00:34:51,160 --> 00:34:53,560 Speaker 1: anything in the future that goes through between now and 626 00:34:53,640 --> 00:34:58,960 Speaker 1: election day is what's it what's the potential impact on inflation? Right? 627 00:34:59,040 --> 00:35:01,680 Speaker 1: I don't know any Democrats who're gonna walk the plank 628 00:35:02,239 --> 00:35:04,520 Speaker 1: if they're going to be charged with spending money that's 629 00:35:04,560 --> 00:35:06,840 Speaker 1: going to add to the inflationary effects that we already 630 00:35:06,840 --> 00:35:09,319 Speaker 1: have in our economy. Now, there are a number of 631 00:35:09,400 --> 00:35:11,920 Speaker 1: provisions in the current bill back better that likely won't 632 00:35:11,920 --> 00:35:15,399 Speaker 1: do that. Tax credits for green energy that corporations can 633 00:35:15,440 --> 00:35:18,400 Speaker 1: take probably not inflationary. So if if you went through 634 00:35:18,440 --> 00:35:21,719 Speaker 1: that list and said, okay, we we we can have 635 00:35:21,760 --> 00:35:23,800 Speaker 1: some of our agenda items, But we're not going to 636 00:35:23,920 --> 00:35:25,879 Speaker 1: pump a lot of money into the economy. We're gonna 637 00:35:25,920 --> 00:35:30,040 Speaker 1: get these things done through regulation and credits. Then then 638 00:35:30,080 --> 00:35:33,240 Speaker 1: I think there's there's a real prospect to get something past. 639 00:35:33,320 --> 00:35:36,360 Speaker 1: But but again, it's nothing like the current bill, which 640 00:35:36,440 --> 00:35:40,520 Speaker 1: adds a trillion dollars to to the spending um. You 641 00:35:40,560 --> 00:35:43,640 Speaker 1: know that isn't going to be replaced by revenue. How 642 00:35:43,719 --> 00:35:46,360 Speaker 1: much of an issue would be Joe Manchon and Kirsten 643 00:35:46,440 --> 00:35:49,160 Speaker 1: Cinema in the sort of framework that you're talking about, 644 00:35:49,200 --> 00:35:51,120 Speaker 1: are they happy if it's a trillion? Kevin? Is that 645 00:35:51,239 --> 00:35:52,759 Speaker 1: a win for them if they if they whittle it 646 00:35:52,800 --> 00:35:55,160 Speaker 1: down to that number. I think to some degree. Obviously, 647 00:35:55,200 --> 00:35:57,840 Speaker 1: you have the tax focus of Kirsten Cinnamon, you have 648 00:35:57,880 --> 00:36:00,520 Speaker 1: the the environmental focus of of Joe Manson in terms 649 00:36:00,520 --> 00:36:02,680 Speaker 1: of what that final bill looks like. But you know, 650 00:36:02,760 --> 00:36:04,920 Speaker 1: I think actually, if you look at it, Chuck Schumers 651 00:36:04,920 --> 00:36:07,960 Speaker 1: has been a pretty able Senate majority leader with a 652 00:36:08,200 --> 00:36:10,560 Speaker 1: no room for error, uh. In terms of the American 653 00:36:10,560 --> 00:36:13,799 Speaker 1: Rescue plan early on, obviously the negotiations on the debt 654 00:36:13,840 --> 00:36:15,920 Speaker 1: we'll see. Obviously, we now have a rule coming out 655 00:36:15,920 --> 00:36:19,080 Speaker 1: today for the Defense authorization, something that that Rick was 656 00:36:19,120 --> 00:36:22,640 Speaker 1: certainly very much a part of with with Senator McCain. UM, 657 00:36:22,680 --> 00:36:26,160 Speaker 1: so that plate is getting a little easier. UM. And 658 00:36:26,239 --> 00:36:29,439 Speaker 1: I think, you know, again with zero room for error. Uh. 659 00:36:29,480 --> 00:36:31,520 Speaker 1: You know Schumer and Rick makes a great point that 660 00:36:31,560 --> 00:36:33,640 Speaker 1: you know Democrats are likely to lose anyway. I'm a 661 00:36:33,680 --> 00:36:37,160 Speaker 1: Democrat on this network talking about this. UM. Uh, So 662 00:36:37,239 --> 00:36:39,000 Speaker 1: let's why not go for as much as we can 663 00:36:39,320 --> 00:36:41,759 Speaker 1: and campaign on it to give voters a reason. With 664 00:36:41,760 --> 00:36:43,920 Speaker 1: Mitch McConnell saying we're not going to give voters anything 665 00:36:43,920 --> 00:36:47,120 Speaker 1: to vote on for our agenda, let's actually provide some 666 00:36:47,800 --> 00:36:49,680 Speaker 1: kind of a votes on on something that we can 667 00:36:49,760 --> 00:36:52,200 Speaker 1: pick campaign on what happens to salts? Are you ready 668 00:36:52,239 --> 00:36:53,520 Speaker 1: to walk away from it or is that going to 669 00:36:53,600 --> 00:36:55,960 Speaker 1: be part of this final deal. Well, one of the 670 00:36:56,000 --> 00:36:57,680 Speaker 1: interesting things is to see, you know, a guy like 671 00:36:57,719 --> 00:37:01,360 Speaker 1: Tom Swazzi retiring you. He was the leader in the 672 00:37:01,400 --> 00:37:05,000 Speaker 1: House on the salt provision of from sal No Dice, 673 00:37:05,040 --> 00:37:07,520 Speaker 1: a leader from Long Island and in my caucus now 674 00:37:07,640 --> 00:37:11,279 Speaker 1: is running for governor. UM. That'll be obviously a sticking point. 675 00:37:11,280 --> 00:37:13,359 Speaker 1: I think in the final bill you also have check 676 00:37:13,400 --> 00:37:17,239 Speaker 1: Shumer Center from New York. Yes, uh so he's got 677 00:37:17,360 --> 00:37:20,000 Speaker 1: to you know, pay attention to his reelection in a 678 00:37:20,080 --> 00:37:21,359 Speaker 1: year and a half as well, or in a year 679 00:37:21,400 --> 00:37:23,759 Speaker 1: from now as well. I read on the terminal, Rick Key, 680 00:37:23,800 --> 00:37:27,840 Speaker 1: negotiators continue to clash over the specific income limits for 681 00:37:27,880 --> 00:37:31,360 Speaker 1: one of the unresolved issues in the President's economic agenda. 682 00:37:31,480 --> 00:37:33,440 Speaker 1: We've been talking about it from months. Does this end 683 00:37:33,480 --> 00:37:36,520 Speaker 1: up in a final version, Rick, Yeah, it's hard to tell. 684 00:37:36,560 --> 00:37:38,600 Speaker 1: I mean everyone's trying to, you know, look at whether 685 00:37:38,640 --> 00:37:40,719 Speaker 1: they can means test it, and that's certainly you know, 686 00:37:40,920 --> 00:37:44,440 Speaker 1: fair to have that kind of discussion. Um. But but 687 00:37:44,520 --> 00:37:46,600 Speaker 1: it just depends upon how hard they're they're going to 688 00:37:46,719 --> 00:37:49,879 Speaker 1: try to wait this thing down. It's any one of these, 689 00:37:49,960 --> 00:37:52,680 Speaker 1: as we talked, could probably make some progress on a 690 00:37:52,719 --> 00:37:56,480 Speaker 1: standalone basis with just Democrats voting for it. Right. But 691 00:37:56,640 --> 00:37:59,720 Speaker 1: like all these success stories other than the American rescue 692 00:37:59,760 --> 00:38:02,520 Speaker 1: play and we're at the hands of Republicans, right, I mean, 693 00:38:02,560 --> 00:38:04,680 Speaker 1: Mitch McConnell came to the rescue now twice on the 694 00:38:04,719 --> 00:38:09,520 Speaker 1: debt ceiling point, the the the the the infrastructure bill 695 00:38:09,880 --> 00:38:14,000 Speaker 1: was a bipartisan from the get go effort between Kirsten Cinema, 696 00:38:14,440 --> 00:38:17,359 Speaker 1: you know, and and and the Republican caucus. I mean, 697 00:38:17,440 --> 00:38:18,880 Speaker 1: you know, there were a lot of Democrats it wouldn't 698 00:38:18,880 --> 00:38:21,880 Speaker 1: even talk to Center Cinema about that bill because they 699 00:38:21,880 --> 00:38:24,480 Speaker 1: didn't want to have a bipartisan approach. So you know, 700 00:38:24,600 --> 00:38:28,400 Speaker 1: like I think everyone's gonna have a chance to declare 701 00:38:28,520 --> 00:38:31,360 Speaker 1: victory on on things that have happened. I mean, I 702 00:38:31,400 --> 00:38:34,200 Speaker 1: know all the Republicans in the Senate Caucus are going 703 00:38:34,239 --> 00:38:36,839 Speaker 1: to go out and claim that without them they could 704 00:38:36,920 --> 00:38:40,560 Speaker 1: not have gotten their roads and bridges and internet. So 705 00:38:40,680 --> 00:38:42,759 Speaker 1: I mean everyone's going to have something to talk about. 706 00:38:42,760 --> 00:38:46,080 Speaker 1: The question is how much do the Democrats want to 707 00:38:46,239 --> 00:38:48,239 Speaker 1: play into what I still think is going to be 708 00:38:48,280 --> 00:38:52,200 Speaker 1: the number one political issue in and that's inflation, And 709 00:38:52,280 --> 00:38:55,640 Speaker 1: that will be on their doorstep because because this is 710 00:38:55,680 --> 00:38:58,600 Speaker 1: the one thing Mitch McConnell got when he got this 711 00:38:58,640 --> 00:39:01,319 Speaker 1: deal on the debt limit increase, which is we're gonna 712 00:39:01,360 --> 00:39:03,439 Speaker 1: put a number on that, and they're gonna go back 713 00:39:03,440 --> 00:39:07,080 Speaker 1: and say, see, one point five trillion was spent on 714 00:39:07,120 --> 00:39:11,680 Speaker 1: their behalf. So on the seventh of December, I want 715 00:39:11,719 --> 00:39:14,560 Speaker 1: to ask you both before we wrap up for the day, 716 00:39:15,400 --> 00:39:19,680 Speaker 1: about this anniversary National Pearl Harbor Remembrance day. It's how 717 00:39:19,760 --> 00:39:22,480 Speaker 1: Joe Biden started his morning. That seems like a week 718 00:39:22,520 --> 00:39:25,720 Speaker 1: ago already, but he actually took a very early trip 719 00:39:25,719 --> 00:39:27,640 Speaker 1: from the White House around seven o'clock in the morning 720 00:39:27,680 --> 00:39:29,759 Speaker 1: the First Lady and went to the World War Two 721 00:39:29,800 --> 00:39:32,880 Speaker 1: Memorial to pay respects, to lay a wreath that included 722 00:39:33,040 --> 00:39:36,040 Speaker 1: a flower for Bob Dole, who we talked about Rick yesterday. 723 00:39:36,360 --> 00:39:40,640 Speaker 1: I've just compelled, eighty years later this day, how many 724 00:39:40,680 --> 00:39:44,360 Speaker 1: young people walking around or or feel so far from 725 00:39:45,560 --> 00:39:48,359 Speaker 1: that bit of history. They might not even have grandparents 726 00:39:48,719 --> 00:39:53,360 Speaker 1: who were around for it. And I just wonder, Rick Davis, 727 00:39:53,360 --> 00:39:55,880 Speaker 1: on on the day after we lost Bob Dole, the 728 00:39:56,040 --> 00:39:59,480 Speaker 1: turning point here. I learned earlier today that at the 729 00:39:59,680 --> 00:40:03,120 Speaker 1: US S S in Trepid Museum, the aircraft Carrier here 730 00:40:03,160 --> 00:40:05,919 Speaker 1: in New York City, for the first time on Pearl 731 00:40:05,960 --> 00:40:08,640 Speaker 1: Harbor Day, there were no veterans there for their commemoration. 732 00:40:09,160 --> 00:40:13,520 Speaker 1: They've either passed because of COVID yes of course, from 733 00:40:13,560 --> 00:40:17,319 Speaker 1: from World War Two. And I just wonder how significant Rick, 734 00:40:17,440 --> 00:40:22,200 Speaker 1: this turning point is, generational turning point, uh having spoken 735 00:40:22,320 --> 00:40:25,799 Speaker 1: yesterday about Bob Dole, having seen this exercise today, how 736 00:40:25,840 --> 00:40:29,560 Speaker 1: important that is for American history. Yeah. You know, this 737 00:40:29,640 --> 00:40:31,719 Speaker 1: is the one thing I think that Joe Biden does 738 00:40:31,800 --> 00:40:36,279 Speaker 1: better than most modern day presidents is is empathy and caring. Right, 739 00:40:36,360 --> 00:40:38,279 Speaker 1: it's quite a touch to go to the World War 740 00:40:38,320 --> 00:40:42,479 Speaker 1: Two memorial on Pearl Harbor Day, and and and lay 741 00:40:42,520 --> 00:40:46,120 Speaker 1: that flower down for for Senator Dole, who was the 742 00:40:46,200 --> 00:40:49,759 Speaker 1: motivating force for that memorial to to World War Two. Right, 743 00:40:49,840 --> 00:40:52,080 Speaker 1: that would not be there if not for the efforts 744 00:40:52,080 --> 00:40:54,600 Speaker 1: from Bob Dole. So it just it just shows you 745 00:40:54,680 --> 00:40:57,799 Speaker 1: the level of attention and caring that this president gives 746 00:40:57,800 --> 00:41:00,400 Speaker 1: to these kinds of people who gave that ultimate sack preficce. 747 00:41:01,160 --> 00:41:02,920 Speaker 1: I would say, I used to have this conversation with 748 00:41:03,000 --> 00:41:05,880 Speaker 1: John McCain pretty frequently. What happens if the United States 749 00:41:05,880 --> 00:41:09,360 Speaker 1: Senate doesn't have any veterans? What happens if our elected 750 00:41:09,400 --> 00:41:12,880 Speaker 1: officials no longer? You know, I think service in the 751 00:41:12,920 --> 00:41:16,239 Speaker 1: military is an important thing. But I must say, you know, 752 00:41:16,320 --> 00:41:17,960 Speaker 1: I think he would be proud of the fact that 753 00:41:18,360 --> 00:41:21,400 Speaker 1: more and more members of Congress, you know, our Iraq 754 00:41:21,520 --> 00:41:24,839 Speaker 1: War and Afghanistan veterans, both both men and women, who 755 00:41:24,920 --> 00:41:27,920 Speaker 1: served in the military. And and and there seems to 756 00:41:27,960 --> 00:41:32,680 Speaker 1: be no um no uh um a lack of commitment 757 00:41:32,760 --> 00:41:35,279 Speaker 1: by veterans in America to try and do their part 758 00:41:35,360 --> 00:41:37,640 Speaker 1: to serve a cause greater than their self interests. So 759 00:41:38,160 --> 00:41:41,320 Speaker 1: I do think that these are the times that try 760 00:41:41,520 --> 00:41:44,480 Speaker 1: us and our veterans will be the backbone of our country. 761 00:41:44,480 --> 00:41:47,120 Speaker 1: As always, it's great answer from Rick Davis. Of course, 762 00:41:47,880 --> 00:41:50,080 Speaker 1: Thanks Rick, as ever, We'll see you back here tomorrow. 763 00:41:50,160 --> 00:41:52,200 Speaker 1: Kevin Walling delighted that you could come in to see us. 764 00:41:52,320 --> 00:41:55,640 Speaker 1: Find him an h G creative media, democratic strategist. Great 765 00:41:55,640 --> 00:41:57,799 Speaker 1: insights that you. Thank you Kevin for being with us 766 00:41:57,840 --> 00:42:01,520 Speaker 1: here on the fastest hour in politics. It's on. We'll 767 00:42:01,600 --> 00:42:04,200 Speaker 1: check markets and traffic on the way. See you back 768 00:42:04,200 --> 00:42:06,520 Speaker 1: here tomorrow. I'm Joe Matthew. This is Bloomberg.