1 00:00:01,680 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Floomberg's sound on. 2 00:00:07,040 --> 00:00:08,840 Speaker 1: The people I have are hard working people that are 3 00:00:08,840 --> 00:00:10,800 Speaker 1: getting hurt at the grocery store. They getting hit hard 4 00:00:10,800 --> 00:00:13,600 Speaker 1: at the gas stations. In Oberga Fell. The court said, no, 5 00:00:13,760 --> 00:00:15,960 Speaker 1: we know better than you guys do, and now every 6 00:00:15,960 --> 00:00:20,239 Speaker 1: state must sanction than and permit gay marriage. Floomberg Sound 7 00:00:20,280 --> 00:00:24,800 Speaker 1: on Politics, Policy and Perspective from DC's Top Names. We 8 00:00:24,920 --> 00:00:29,680 Speaker 1: are working to protect women's right to control their lives. 9 00:00:29,720 --> 00:00:32,519 Speaker 1: It's clear to me that when it comes to this 10 00:00:32,560 --> 00:00:36,519 Speaker 1: congressional district, people are looking for another option. Bloomberg Sound 11 00:00:36,560 --> 00:00:43,159 Speaker 1: On with Joe Matthew on Bloomberg Radio. It is hot, hot, 12 00:00:43,200 --> 00:00:46,000 Speaker 1: hot outside, but is it hot enough for the President 13 00:00:46,000 --> 00:00:49,239 Speaker 1: of the United States to declare a climate crisis. We're 14 00:00:49,240 --> 00:00:52,360 Speaker 1: going to preview the announcement that President Biden is expected 15 00:00:52,400 --> 00:00:55,520 Speaker 1: to make tomorrow, as well as the upcoming January six 16 00:00:55,560 --> 00:00:58,520 Speaker 1: hearing and the latest on Steve Bannon's trial, which is 17 00:00:58,600 --> 00:01:02,360 Speaker 1: ongoing today. Plus a look at what Congress is doing 18 00:01:02,600 --> 00:01:05,920 Speaker 1: trying to move two major pieces of legislation, one of 19 00:01:05,959 --> 00:01:08,880 Speaker 1: them that would give billions of dollars to the semiconductor 20 00:01:08,920 --> 00:01:12,640 Speaker 1: industry and another that could help millions of Americans with healthcare, 21 00:01:12,720 --> 00:01:15,840 Speaker 1: but doesn't nearly go as far as Democrats were initially 22 00:01:15,880 --> 00:01:19,640 Speaker 1: hoping for. I'm Emily Wilkins. Hopefully Joe Matthew is off 23 00:01:19,720 --> 00:01:23,800 Speaker 1: keeping cool somewhere. I'm super excited today because we've got 24 00:01:23,800 --> 00:01:26,959 Speaker 1: a really great guest joining us. Um is someone who 25 00:01:27,040 --> 00:01:29,840 Speaker 1: I constantly bug all day every day to try and 26 00:01:29,920 --> 00:01:32,119 Speaker 1: keep me up to date with what exactly is going 27 00:01:32,160 --> 00:01:36,399 Speaker 1: on with Congress. My Bloomberg Government, Bloomberg Government colleague, Zach 28 00:01:36,440 --> 00:01:39,520 Speaker 1: Cohen's joining us today. Zach, thank you so much for 29 00:01:39,560 --> 00:01:42,920 Speaker 1: being here. UM. I know that for the last week 30 00:01:42,959 --> 00:01:46,360 Speaker 1: that you and I particularly you have really been following 31 00:01:46,520 --> 00:01:50,320 Speaker 1: a lot of this debate around the semiconductor bill, and 32 00:01:50,360 --> 00:01:53,080 Speaker 1: we're expecting a procedural vote in the Senate on that 33 00:01:53,120 --> 00:01:55,520 Speaker 1: one today, right right, I mean that vote could come 34 00:01:55,760 --> 00:01:58,200 Speaker 1: literally any minute. I've got the Senate floor pulled up 35 00:01:58,200 --> 00:02:00,920 Speaker 1: here on the computer. Uh, it's been chips, chips all 36 00:02:00,960 --> 00:02:03,520 Speaker 1: the time over in the Senate. This week, Senate Majority 37 00:02:03,560 --> 00:02:06,160 Speaker 1: Leader Chuck Schumer is trying to get a procedural vote 38 00:02:06,200 --> 00:02:11,440 Speaker 1: through for a really major semiconductor manufacturing incentives bill. Key 39 00:02:11,560 --> 00:02:13,720 Speaker 1: to this is the fifty two billion dollars in direct 40 00:02:13,720 --> 00:02:16,720 Speaker 1: subsidies for those chips, as well as a tax investment 41 00:02:17,160 --> 00:02:20,120 Speaker 1: UH tax credit that could be included as well. But 42 00:02:20,160 --> 00:02:22,400 Speaker 1: there's some last minute wrangling over some of the provisions 43 00:02:22,400 --> 00:02:25,160 Speaker 1: in there. Um, so we could see an initial vote 44 00:02:25,160 --> 00:02:28,000 Speaker 1: on that um and potentially more votes in the days 45 00:02:28,040 --> 00:02:30,480 Speaker 1: to come. Lots of drama here trying to figure out 46 00:02:30,680 --> 00:02:33,839 Speaker 1: if they can actually wind up getting a vote today. Zach. 47 00:02:33,880 --> 00:02:36,360 Speaker 1: I did want to check though, because I remember Republican 48 00:02:36,400 --> 00:02:38,959 Speaker 1: Senator John Cornyn last week he kind of seemed a 49 00:02:39,000 --> 00:02:41,040 Speaker 1: little bit sour on this. He's you know, he and 50 00:02:41,080 --> 00:02:43,440 Speaker 1: McConnell were kind of saying, well, if Democrats are working 51 00:02:43,480 --> 00:02:46,360 Speaker 1: on reconciliation, we're not really sure about moving ahead with 52 00:02:46,400 --> 00:02:50,160 Speaker 1: this bill. What's changed, right, So, the Reconciliation Bill, or 53 00:02:50,360 --> 00:02:52,800 Speaker 1: formerly known as Bill Back Better, has sort of been 54 00:02:52,840 --> 00:02:55,639 Speaker 1: hanging out in the background. Both Senator Joe Mansion Senator 55 00:02:55,720 --> 00:02:58,720 Speaker 1: Chuck Schumer had been engaged in sort of private negotiations 56 00:02:58,760 --> 00:03:01,320 Speaker 1: over some form of bill that can pass on a 57 00:03:01,400 --> 00:03:04,239 Speaker 1: party line vote through the Senate and avoid a Republican 58 00:03:04,240 --> 00:03:07,359 Speaker 1: filibuster um. That bill has basically come down to at 59 00:03:07,360 --> 00:03:11,760 Speaker 1: this point, some legislation on drug pricing and on Affordable 60 00:03:11,840 --> 00:03:15,120 Speaker 1: Care Act or Obamacare subsidies, and that's basically all they've 61 00:03:15,160 --> 00:03:17,919 Speaker 1: been able to agree to. And while Republicans have said, look, 62 00:03:17,919 --> 00:03:20,679 Speaker 1: we're not going to negotiate on a bipartisan bill while 63 00:03:20,680 --> 00:03:23,960 Speaker 1: you're having this partisan negotiation on the side, they've basically 64 00:03:24,000 --> 00:03:25,920 Speaker 1: said that bill is probably small enough, we can go 65 00:03:25,960 --> 00:03:28,639 Speaker 1: ahead and move forward on this chip's funding, which they 66 00:03:28,639 --> 00:03:30,720 Speaker 1: see not only as important but really as a national 67 00:03:30,760 --> 00:03:33,160 Speaker 1: security concern. Yeah, talk a little bit more about that, 68 00:03:33,200 --> 00:03:36,120 Speaker 1: because I know Commerce Commerce Secretary Gina Romundo was in 69 00:03:36,160 --> 00:03:38,520 Speaker 1: the Capitol last week. She talked to senator, she talked 70 00:03:38,520 --> 00:03:41,200 Speaker 1: to House members, and her message really seemed to be 71 00:03:41,360 --> 00:03:46,480 Speaker 1: that this is incredibly urgent not just for manufacturers, producers, 72 00:03:46,520 --> 00:03:50,440 Speaker 1: car producers, but also for national security. Right basically right 73 00:03:50,480 --> 00:03:53,520 Speaker 1: now that you've got companies like Intel and other semiconductor 74 00:03:53,520 --> 00:03:57,520 Speaker 1: manufacturers that are weighing basically which countries to start building 75 00:03:57,520 --> 00:04:00,839 Speaker 1: these semiconductor manufacturing plants in in the United States, would 76 00:04:00,840 --> 00:04:02,600 Speaker 1: obviously like to have a piece of that action, not 77 00:04:02,640 --> 00:04:05,320 Speaker 1: just for the economic benefits, which is something that lawmakers 78 00:04:05,360 --> 00:04:07,560 Speaker 1: like to talk about, but also for the fact that 79 00:04:07,960 --> 00:04:10,720 Speaker 1: without a sort of steady supply of these chips, not 80 00:04:10,880 --> 00:04:14,240 Speaker 1: only can US manufacturers not count on them for sort 81 00:04:14,280 --> 00:04:19,359 Speaker 1: of domestic goods, but also for key military equipment drones, planes, 82 00:04:19,440 --> 00:04:22,360 Speaker 1: you name it that they really needed in order to build, uh, 83 00:04:22,520 --> 00:04:25,640 Speaker 1: that particular machinery. And so Jina Mundo has been sort 84 00:04:25,680 --> 00:04:27,640 Speaker 1: of pressing the case on a national security front in 85 00:04:28,120 --> 00:04:31,479 Speaker 1: private classified briefings, first with the Senators, then with members 86 00:04:31,520 --> 00:04:33,559 Speaker 1: of the House. UM. And that seems to have gotten 87 00:04:33,560 --> 00:04:36,560 Speaker 1: the ball rolling on getting Democrats and Republicans alike to 88 00:04:36,640 --> 00:04:39,120 Speaker 1: recognize that while there's been a broader effort to try 89 00:04:39,120 --> 00:04:42,719 Speaker 1: to get a China competitiveness bill known as the Innovation 90 00:04:42,720 --> 00:04:45,039 Speaker 1: and Competition Act, the American Competes Act, it goes by 91 00:04:45,080 --> 00:04:47,760 Speaker 1: a couple of different names, they're really moving on the 92 00:04:47,920 --> 00:04:51,680 Speaker 1: front Endless Frontiers was always the best name. The Bi 93 00:04:51,760 --> 00:04:54,479 Speaker 1: Parson Innovation Act is also a new one they've thrown 94 00:04:54,480 --> 00:04:57,039 Speaker 1: in there. Uh. And they basically said, look, let's move 95 00:04:57,120 --> 00:04:59,960 Speaker 1: just the chips funding, just the semiconductor funding. We can 96 00:05:00,120 --> 00:05:02,480 Speaker 1: back to all these other issues later. Um. Are they 97 00:05:02,480 --> 00:05:04,560 Speaker 1: going to come back to any of these issues later? 98 00:05:04,960 --> 00:05:06,880 Speaker 1: That's a good question and something we've been trying to 99 00:05:06,880 --> 00:05:09,719 Speaker 1: figure out this week. But without this chips funding, which 100 00:05:09,720 --> 00:05:12,080 Speaker 1: has kind of been the engine underneath this this bill 101 00:05:12,200 --> 00:05:14,279 Speaker 1: this entire time, that's been bogged down and sort of 102 00:05:14,279 --> 00:05:19,159 Speaker 1: bicameral House and Senate negotiations for months now. You remember 103 00:05:19,200 --> 00:05:22,880 Speaker 1: that the first version of this bill, uh, the Innovation 104 00:05:22,880 --> 00:05:27,320 Speaker 1: Competition Act, passed the Senate in June um and so 105 00:05:27,560 --> 00:05:29,840 Speaker 1: they have they have really sort of dragged their feet 106 00:05:29,880 --> 00:05:32,080 Speaker 1: on this bill and have not been able to reach 107 00:05:32,360 --> 00:05:36,000 Speaker 1: some really key decisions, not just on um say, the 108 00:05:36,240 --> 00:05:39,000 Speaker 1: Trade Title and sort of changing you know, trade policy 109 00:05:39,000 --> 00:05:40,960 Speaker 1: in this country, but also on things like how to 110 00:05:41,040 --> 00:05:44,600 Speaker 1: manage diplomacy with China and other major competitors. And so 111 00:05:44,839 --> 00:05:47,920 Speaker 1: whether lawmakers can sort of have the the impetus and 112 00:05:47,960 --> 00:05:49,880 Speaker 1: the priority to get to an agreement on some other 113 00:05:49,960 --> 00:05:52,560 Speaker 1: provisions seems unlikely if they don't have sort of the 114 00:05:52,600 --> 00:05:55,840 Speaker 1: ticking clock of trying to get the semiconductor funding done. 115 00:05:56,080 --> 00:05:58,920 Speaker 1: I mean, speaking of large bills that have been slimmed down, 116 00:05:59,520 --> 00:06:02,520 Speaker 1: I mean you mentioned reconciliation. We have to touch on 117 00:06:02,560 --> 00:06:05,200 Speaker 1: the bill that is formerly known as Build Back Better, 118 00:06:05,760 --> 00:06:08,680 Speaker 1: was called build Back Mansion. I think I mentioned walked 119 00:06:08,680 --> 00:06:12,040 Speaker 1: away from a good chunk of it at this point. 120 00:06:12,240 --> 00:06:14,520 Speaker 1: I mean, Zack when I talked to folks in the House. 121 00:06:14,560 --> 00:06:18,600 Speaker 1: There's there's a frustration with what has gone on. Congressman 122 00:06:18,680 --> 00:06:20,960 Speaker 1: Andy Levin was on yesterday. He described it as kind 123 00:06:20,960 --> 00:06:23,400 Speaker 1: of like Lucy taken away the football at the last 124 00:06:23,440 --> 00:06:26,080 Speaker 1: moment before Charlie Brown kicks it. And I'm wondering what 125 00:06:26,160 --> 00:06:28,360 Speaker 1: you are hearing too in the Senate, because it seems 126 00:06:28,400 --> 00:06:30,320 Speaker 1: like for the House, you know, you can usually rally 127 00:06:30,440 --> 00:06:34,560 Speaker 1: enough folks together. The Senate is where things get really sticky. 128 00:06:34,600 --> 00:06:37,840 Speaker 1: Are we going to have enough to pass a reconciliation 129 00:06:37,960 --> 00:06:41,520 Speaker 1: package with just the two healthcare provisions? And when can 130 00:06:41,560 --> 00:06:45,040 Speaker 1: you see that going? You could see a reconciliation bill 131 00:06:45,400 --> 00:06:47,760 Speaker 1: as soon as next week if they sort of get 132 00:06:47,800 --> 00:06:51,320 Speaker 1: the final details done, Like I said, on this drug 133 00:06:51,360 --> 00:06:55,159 Speaker 1: pricing provision, they're going before the Senate's top rulemaker, the 134 00:06:55,200 --> 00:06:59,440 Speaker 1: Senate Parliamentary Elizabeth McDonough on Thursday, just to make sure 135 00:06:59,480 --> 00:07:01,480 Speaker 1: that it's sort of follows all the budget rules that 136 00:07:01,520 --> 00:07:04,400 Speaker 1: they have to meet in order to avoid a Republican filibuster. 137 00:07:04,680 --> 00:07:06,240 Speaker 1: And I won't bother getting in too much into the 138 00:07:06,240 --> 00:07:08,080 Speaker 1: weeds on that. And then they've also got these A 139 00:07:08,200 --> 00:07:10,800 Speaker 1: C A subsidies that they want to get included, that 140 00:07:10,880 --> 00:07:13,880 Speaker 1: all could get done before Congress leaves for the recess. 141 00:07:13,880 --> 00:07:15,480 Speaker 1: I think the House is talking about actually staying in 142 00:07:15,520 --> 00:07:18,600 Speaker 1: an extra week, although I think I saw that you 143 00:07:18,960 --> 00:07:21,640 Speaker 1: don't want that. The House Majority Leader Steny Hoyer apparently 144 00:07:21,680 --> 00:07:24,360 Speaker 1: has vacation plans down in North Carolina the third week 145 00:07:24,360 --> 00:07:26,480 Speaker 1: of August, so we you know, don't want to mess 146 00:07:26,520 --> 00:07:29,040 Speaker 1: with that at all. But certainly they could get something 147 00:07:29,080 --> 00:07:31,600 Speaker 1: done before that August recess, which is kind of sacrosanct 148 00:07:31,640 --> 00:07:34,120 Speaker 1: here in Washington. Whether they can come back and do 149 00:07:34,200 --> 00:07:36,679 Speaker 1: the rest on maybe taxes or climate after Joe Manchin 150 00:07:36,760 --> 00:07:39,160 Speaker 1: gets those inflation numbers he's been looking for, that's an 151 00:07:39,280 --> 00:07:41,760 Speaker 1: entirely different story. I mean, it is wild to think, though, 152 00:07:41,800 --> 00:07:44,320 Speaker 1: because we know that for the Senate process, they do 153 00:07:44,400 --> 00:07:45,880 Speaker 1: have to go through a lot, right, They've got to 154 00:07:45,920 --> 00:07:48,280 Speaker 1: go through those all night vote ramas. This is not 155 00:07:48,360 --> 00:07:50,720 Speaker 1: something that's going to be done quickly. If we don't 156 00:07:50,800 --> 00:07:54,520 Speaker 1: see an actual reconciliation bill next week. Is there any 157 00:07:54,520 --> 00:07:57,520 Speaker 1: way that this actually gets done before they leave for August? 158 00:07:57,920 --> 00:07:59,600 Speaker 1: It could? It could. Yeah, that will be the sort 159 00:07:59,600 --> 00:08:02,040 Speaker 1: of vote a rama that they'll have to do, um 160 00:08:02,120 --> 00:08:05,640 Speaker 1: where normally for bills to come to the floor. There's 161 00:08:05,640 --> 00:08:08,240 Speaker 1: an agreement reached between Democrats and Republicans to say we're 162 00:08:08,240 --> 00:08:10,560 Speaker 1: going to go vote on X number of amendments just 163 00:08:10,640 --> 00:08:12,600 Speaker 1: to sort of speed things along. But the Senate, you know, 164 00:08:12,640 --> 00:08:15,840 Speaker 1: also known as the world's greatest deliberative body, UM, in 165 00:08:15,880 --> 00:08:18,760 Speaker 1: this case, it does sort of allow any Senator to 166 00:08:18,840 --> 00:08:21,040 Speaker 1: offer as many amendments for votes as they want with 167 00:08:21,120 --> 00:08:23,840 Speaker 1: limited debate. UM. And I think you know, we've seen 168 00:08:23,920 --> 00:08:26,640 Speaker 1: dozens of votes on reconciliation packages in the past and 169 00:08:26,760 --> 00:08:29,800 Speaker 1: during this Congress where Democrats, you know, not just on 170 00:08:29,840 --> 00:08:31,640 Speaker 1: this bill where they had one initially to sort of 171 00:08:31,680 --> 00:08:34,839 Speaker 1: set up this process, but also recall for the one 172 00:08:34,840 --> 00:08:38,959 Speaker 1: point nine trillion dollar COVID rescue plan, the American Rescue Plan. UM. 173 00:08:39,000 --> 00:08:42,160 Speaker 1: And so senators are are no stranger to these late nights, 174 00:08:42,200 --> 00:08:44,040 Speaker 1: but certainly they left to budget some time for them, 175 00:08:44,400 --> 00:08:47,079 Speaker 1: for sure. And Zach, I also want to touch on 176 00:08:47,120 --> 00:08:49,760 Speaker 1: a slightly different topic because you and I got to 177 00:08:49,760 --> 00:08:53,440 Speaker 1: do a really interesting ed board panel UM with the 178 00:08:53,520 --> 00:08:57,240 Speaker 1: Chair of the House Democratic Caucus, King Jeffrey's Um also 179 00:08:57,440 --> 00:09:00,679 Speaker 1: sometimes referred to as the air apparent, to be the 180 00:09:00,800 --> 00:09:03,960 Speaker 1: leader of the Democratic Caucus. If when Pelosi decides to go. 181 00:09:04,200 --> 00:09:07,040 Speaker 1: It's a really interesting person um and we talked with 182 00:09:07,080 --> 00:09:10,240 Speaker 1: him a little bit just about different priorities, how those 183 00:09:10,320 --> 00:09:14,040 Speaker 1: needed to get done, and he had something really interesting 184 00:09:14,120 --> 00:09:17,840 Speaker 1: to say about how Democrats get their agenda through. Yeah, 185 00:09:17,880 --> 00:09:21,120 Speaker 1: we only have even two options, change Joe Mansion's mind 186 00:09:21,559 --> 00:09:25,439 Speaker 1: or gain at least two Senate seats to add too affity, 187 00:09:26,280 --> 00:09:30,560 Speaker 1: uh seat majority with individuals you know, who are willing 188 00:09:30,920 --> 00:09:33,840 Speaker 1: to act decisively on the issues of the day in 189 00:09:33,960 --> 00:09:39,280 Speaker 1: areas like defending reproductive freedom, enacting some form of comprehensive 190 00:09:39,280 --> 00:09:43,199 Speaker 1: immigration reform, protecting the rights to vote, and certainly addressing 191 00:09:43,880 --> 00:09:48,600 Speaker 1: decline the crisis. Democrats have two options, change Joe Mansion's 192 00:09:48,679 --> 00:09:51,839 Speaker 1: mind or gain two Senate seats. Zach, I know you've 193 00:09:51,840 --> 00:09:54,800 Speaker 1: been following a lot of the Senate races across the country. 194 00:09:54,840 --> 00:09:57,600 Speaker 1: What is the likelihood now that Democrats are actually going 195 00:09:57,640 --> 00:09:59,600 Speaker 1: to be able to pick up two seats in the 196 00:09:59,640 --> 00:10:02,160 Speaker 1: Senate next year? They're certainly better than the chances of 197 00:10:02,160 --> 00:10:05,680 Speaker 1: Democrats actually holding the majority in the House. Where became Jefferies, 198 00:10:05,840 --> 00:10:08,120 Speaker 1: you know, lives in breeds. You know, you've got places 199 00:10:08,240 --> 00:10:11,800 Speaker 1: like Arizona and Nevada and Georgia, where you've got Democrats 200 00:10:11,840 --> 00:10:14,760 Speaker 1: facing really tough re election races. But then you've got 201 00:10:14,760 --> 00:10:18,400 Speaker 1: other states like Pennsylvania or North Carolina where you've got 202 00:10:18,400 --> 00:10:21,079 Speaker 1: open seats where Republicans are retiring, where Democrats feel decent 203 00:10:21,080 --> 00:10:24,240 Speaker 1: about their chances, or maybe Wisconsin or Senator Ron Johnson 204 00:10:24,280 --> 00:10:26,319 Speaker 1: is up for re election, maybe they can flip that seat. 205 00:10:26,360 --> 00:10:30,240 Speaker 1: New Hampshire also on the board. UM, while Senator Maggie 206 00:10:30,280 --> 00:10:33,040 Speaker 1: Hassan there one reelection by our one her first term, 207 00:10:33,160 --> 00:10:35,440 Speaker 1: rather by a very narrow margin a couple hundred votes. 208 00:10:35,440 --> 00:10:39,160 Speaker 1: Remember correctly, Um, the Republican field hasn't exactly stacked up 209 00:10:39,160 --> 00:10:44,520 Speaker 1: against expectations. So UM, the Senate does typically um buck 210 00:10:44,640 --> 00:10:48,199 Speaker 1: historical trends. It's not like the House where you can 211 00:10:48,280 --> 00:10:51,240 Speaker 1: expect the majority party to lose seats UM in the 212 00:10:51,240 --> 00:10:53,920 Speaker 1: Senate because each senator has you know, a sort of 213 00:10:53,960 --> 00:10:56,720 Speaker 1: a bigger name recognition and is able to sort of 214 00:10:56,760 --> 00:10:59,360 Speaker 1: build their own uh name I D and and their 215 00:10:59,360 --> 00:11:01,880 Speaker 1: own fundraise for sure, and Democrats are particularly good on 216 00:11:01,920 --> 00:11:04,880 Speaker 1: that front. You could see Democrats you know, even pick 217 00:11:04,960 --> 00:11:06,920 Speaker 1: up seats if they're able to sort of hold off 218 00:11:06,920 --> 00:11:09,840 Speaker 1: these Republican challenges. But in a national environment like this. 219 00:11:10,080 --> 00:11:12,600 Speaker 1: I think you've got to give the early edge to Republicans. Zack. 220 00:11:12,640 --> 00:11:14,520 Speaker 1: I'm gonna give you ten seconds for this one. What 221 00:11:14,720 --> 00:11:18,400 Speaker 1: is the Senate race to watch this year? Oh, definitely Nevada. Um, 222 00:11:18,440 --> 00:11:20,800 Speaker 1: and not just because of Nevada, but they've also got 223 00:11:21,280 --> 00:11:23,520 Speaker 1: three house races that are really interesting out of the 224 00:11:23,559 --> 00:11:25,959 Speaker 1: out of Las Vegas and the suburbs there. Um. It's 225 00:11:26,000 --> 00:11:27,760 Speaker 1: got some of the highest inflation in the country. You 226 00:11:27,880 --> 00:11:30,480 Speaker 1: got center Cathin Cortes Masto is running for a second term. 227 00:11:30,480 --> 00:11:32,160 Speaker 1: It'll be a really good one. So what I'm hearing 228 00:11:32,160 --> 00:11:35,080 Speaker 1: you say, Zach, is that Bloomberg government needs to send 229 00:11:35,160 --> 00:11:39,600 Speaker 1: us to Vegas. That sounds like a jackpot idea. Zack Cohen, Bloomberg, 230 00:11:39,640 --> 00:11:43,720 Speaker 1: Government's congressional reporter. Stick around. We're assembling the panel next 231 00:11:43,760 --> 00:11:49,199 Speaker 1: to continue talking about Biden's potential climate crisis. This is Bloomberg. 232 00:11:52,400 --> 00:11:56,199 Speaker 1: You're listening to Bloomberg You sound on with Joe Matthew 233 00:11:56,559 --> 00:12:02,280 Speaker 1: on Bloomberg Radio. Emily Wilkins, I'm filling in for Jine 234 00:12:02,480 --> 00:12:06,360 Speaker 1: today on sound On. Well, we are still waiting to 235 00:12:06,400 --> 00:12:08,400 Speaker 1: see if the Senate is going to be taking a 236 00:12:08,480 --> 00:12:12,800 Speaker 1: procedural vote today on pieces of legislation that would give 237 00:12:13,040 --> 00:12:17,520 Speaker 1: more than fifty billion dollars to semiconductors and chips. Uh 238 00:12:17,520 --> 00:12:20,320 Speaker 1: and here to discuss really the scope and importance of 239 00:12:20,360 --> 00:12:22,840 Speaker 1: this bill, we're going to assemble the all star panel. 240 00:12:23,080 --> 00:12:27,640 Speaker 1: Limbrick Politics contributors Genie Chienzano and Rick Davis, thank you 241 00:12:27,679 --> 00:12:30,760 Speaker 1: both so much for joining us today. Um, I wanted 242 00:12:30,800 --> 00:12:34,560 Speaker 1: to just begin with the idea of what happens if 243 00:12:34,559 --> 00:12:36,719 Speaker 1: this bill does not get done. It seems like it's 244 00:12:36,720 --> 00:12:39,199 Speaker 1: pretty close right now, but we always know that things 245 00:12:39,240 --> 00:12:43,000 Speaker 1: can go wrong at the last minute. And Rick, I'm wondering, 246 00:12:43,360 --> 00:12:46,640 Speaker 1: if this doesn't wind up happening, are the American people 247 00:12:46,920 --> 00:12:50,520 Speaker 1: going to see Congress as having failed in this arena? Yeah, 248 00:12:50,559 --> 00:12:53,760 Speaker 1: I think this is a difficult one to really communicate 249 00:12:53,800 --> 00:12:56,480 Speaker 1: to the American people. I mean, that concept that we're 250 00:12:56,480 --> 00:13:00,200 Speaker 1: attracting and trying to hold and spur um you know, 251 00:13:00,240 --> 00:13:03,160 Speaker 1: microchip manufacturing the United States. I mean, it's just, you know, 252 00:13:03,240 --> 00:13:06,920 Speaker 1: the public hasn't really been brought in on this debate, right, 253 00:13:06,960 --> 00:13:09,720 Speaker 1: It's not some urgent thing that has been in the 254 00:13:09,720 --> 00:13:11,680 Speaker 1: top of the news for a long time. And in fact, 255 00:13:11,720 --> 00:13:13,600 Speaker 1: if you look at the newspapers, it is hard to 256 00:13:13,600 --> 00:13:16,719 Speaker 1: even see coverage on this, so it may or may 257 00:13:16,720 --> 00:13:20,240 Speaker 1: not resonate, certainly not with voters in the upcoming election. 258 00:13:20,280 --> 00:13:22,839 Speaker 1: We haven't seen these kinds of things in any of 259 00:13:22,880 --> 00:13:27,400 Speaker 1: the current polling. But look, I mean, I haven't seen 260 00:13:27,480 --> 00:13:31,080 Speaker 1: much happening. Congress has got this much initiative behind it 261 00:13:31,200 --> 00:13:34,880 Speaker 1: right now, and and and a bipartisan approach to it 262 00:13:34,920 --> 00:13:37,200 Speaker 1: that um, you know, usually indicates are going to get 263 00:13:37,200 --> 00:13:40,760 Speaker 1: somewhere across the finish line. I mean, Rick, though, isn't 264 00:13:40,800 --> 00:13:43,680 Speaker 1: there something to be said about some of the supply 265 00:13:43,840 --> 00:13:46,520 Speaker 1: cheam shortages that we've seen at this point and the 266 00:13:46,640 --> 00:13:49,040 Speaker 1: need to make sure that you know, even if Americans 267 00:13:49,280 --> 00:13:51,920 Speaker 1: aren't aware that this chip spill is being worked on, 268 00:13:52,200 --> 00:13:55,360 Speaker 1: they do understand what it's like to wait six months 269 00:13:55,360 --> 00:13:57,680 Speaker 1: to get a car, or that their assembly line shut 270 00:13:57,679 --> 00:13:59,800 Speaker 1: down for a number of weeks. I mean, could those 271 00:13:59,840 --> 00:14:02,440 Speaker 1: in wind up having some sort of impact? Sure, I 272 00:14:02,480 --> 00:14:04,679 Speaker 1: think you see that already, right. That's been going on 273 00:14:04,880 --> 00:14:10,000 Speaker 1: really since uh the uh full impact of the pandemic 274 00:14:10,080 --> 00:14:13,920 Speaker 1: hit in. We've had these kinds of supply chain shortages. 275 00:14:14,000 --> 00:14:16,480 Speaker 1: I mean, you know, also in the meat industry and 276 00:14:16,520 --> 00:14:20,320 Speaker 1: also in you know, other non chip related businesses. But 277 00:14:20,480 --> 00:14:24,400 Speaker 1: I do think people are frustrated. I think it's come 278 00:14:24,880 --> 00:14:27,600 Speaker 1: out of the government hide uh and unfortunately for this 279 00:14:27,640 --> 00:14:30,560 Speaker 1: administration has come out of their hide uh to where 280 00:14:30,600 --> 00:14:35,000 Speaker 1: their ability to actually create change and improve the current 281 00:14:35,040 --> 00:14:39,040 Speaker 1: condition of those kinds of backlogs have been really limited. 282 00:14:39,280 --> 00:14:42,360 Speaker 1: Um and and and I think that's the concern a 283 00:14:42,360 --> 00:14:44,800 Speaker 1: lot of politicians I talked to. They don't want to 284 00:14:44,840 --> 00:14:46,760 Speaker 1: make this sound like all of a sudden, you know, 285 00:14:46,800 --> 00:14:49,760 Speaker 1: they're gonna unleash this torrent of chips into the market 286 00:14:50,280 --> 00:14:52,600 Speaker 1: and you're you're gonna get your car in time, and 287 00:14:52,640 --> 00:14:55,120 Speaker 1: that refrigerator you've been waiting for, you know, you didn't 288 00:14:55,120 --> 00:14:58,000 Speaker 1: even know you had a chip in your refrigerator. But 289 00:14:58,640 --> 00:15:00,720 Speaker 1: I think that's part of the caution, is that this 290 00:15:00,840 --> 00:15:05,240 Speaker 1: is really a mid term strategy to try and sustain 291 00:15:05,760 --> 00:15:09,040 Speaker 1: and attract those chip manufacturers into the country, a lot 292 00:15:09,080 --> 00:15:12,680 Speaker 1: of which is already happening, but that, um, you know, 293 00:15:12,760 --> 00:15:15,080 Speaker 1: you have to spur the industry to continue there. And 294 00:15:15,120 --> 00:15:18,200 Speaker 1: that's where these subsidies come in for sure. And you know, 295 00:15:18,280 --> 00:15:21,280 Speaker 1: even sort of mentioning that this is something that Democrats 296 00:15:21,280 --> 00:15:23,960 Speaker 1: have used as messaging, I mean often when you talked 297 00:15:24,000 --> 00:15:26,640 Speaker 1: to Democrats about what they're going to do about inflation. 298 00:15:27,040 --> 00:15:29,360 Speaker 1: This is a bill that they often bring up. I mean, 299 00:15:29,600 --> 00:15:31,080 Speaker 1: you asked the sort of if they think it's going 300 00:15:31,120 --> 00:15:33,720 Speaker 1: to have any immediate impact. Most of them admit it's 301 00:15:33,760 --> 00:15:36,200 Speaker 1: going to take a while, but this is certainly something 302 00:15:36,200 --> 00:15:39,560 Speaker 1: that Democrats at least seem poised to use as part 303 00:15:39,840 --> 00:15:44,080 Speaker 1: of their larger messaging. Um. The other interesting aspect of 304 00:15:44,120 --> 00:15:45,880 Speaker 1: this though, I mean, for so long we've heard about 305 00:15:45,880 --> 00:15:48,800 Speaker 1: this chip shortage, chip shortage, chip shortage. The Wall Street 306 00:15:48,880 --> 00:15:52,240 Speaker 1: Journal had this really interesting op ed today, uh saying 307 00:15:52,320 --> 00:15:54,760 Speaker 1: that you know this bill, it started about it more 308 00:15:54,800 --> 00:15:57,280 Speaker 1: than a year ago at this point, and things have changed, 309 00:15:57,280 --> 00:16:00,840 Speaker 1: that supply has increased, and they actually say that this 310 00:16:00,880 --> 00:16:04,600 Speaker 1: bill would be corporate welfare. Genie. I just wanted to 311 00:16:04,680 --> 00:16:06,720 Speaker 1: get your your take on that. Do you think that 312 00:16:06,720 --> 00:16:08,960 Speaker 1: that's something that that could wind a plane into this 313 00:16:09,040 --> 00:16:13,960 Speaker 1: larger debate? It could, and it was a really fascinating editorial. 314 00:16:14,040 --> 00:16:17,360 Speaker 1: I two read it, and it creates some strange bedfellows 315 00:16:17,360 --> 00:16:20,720 Speaker 1: because of course, you have a combination of free market 316 00:16:21,040 --> 00:16:23,800 Speaker 1: you know, opposition on the Republican side on the right, 317 00:16:24,160 --> 00:16:27,280 Speaker 1: and this idea you hear from people like Bernie sandals 318 00:16:27,320 --> 00:16:31,040 Speaker 1: Sanders about a bailout for big business, And while I 319 00:16:31,080 --> 00:16:35,280 Speaker 1: don't personally abide by this idea, there is some truth 320 00:16:35,320 --> 00:16:37,680 Speaker 1: to that. You look at the tax credits alone, it's 321 00:16:37,760 --> 00:16:42,240 Speaker 1: double R and D for all other industries through, leading 322 00:16:42,400 --> 00:16:46,880 Speaker 1: some people to say this is a enormous pork bill 323 00:16:47,280 --> 00:16:50,840 Speaker 1: for one single industry, and imagine if other industries start 324 00:16:50,880 --> 00:16:53,000 Speaker 1: to ask for it. And to the point that the 325 00:16:53,040 --> 00:16:55,880 Speaker 1: Wall Street Journal editorial was making. While this may have 326 00:16:56,000 --> 00:16:59,880 Speaker 1: made sense in the midst of COVID, now that interest 327 00:17:00,040 --> 00:17:02,840 Speaker 1: rates are up and inflation is up and the demand 328 00:17:02,960 --> 00:17:05,679 Speaker 1: is down, there's not as much of a need for 329 00:17:05,800 --> 00:17:08,560 Speaker 1: it potentially, So I do think this is what leads 330 00:17:08,600 --> 00:17:10,959 Speaker 1: us to the reality of this. And Rick is right, 331 00:17:11,000 --> 00:17:14,280 Speaker 1: it needs bipartisan support if it gets through the Senate. 332 00:17:14,480 --> 00:17:16,480 Speaker 1: Pelosi is not going to be able to push it 333 00:17:16,520 --> 00:17:19,120 Speaker 1: through the House with just Democrats alone. They're gonna they're 334 00:17:19,119 --> 00:17:21,200 Speaker 1: gonna have some fallout and see this of the bailout, 335 00:17:21,480 --> 00:17:24,080 Speaker 1: and so she's going to have to get bipartisan support 336 00:17:24,400 --> 00:17:26,680 Speaker 1: in the House to push this through as well. So 337 00:17:27,000 --> 00:17:30,280 Speaker 1: it is a really interesting conundrum. And I would just 338 00:17:30,400 --> 00:17:33,520 Speaker 1: give kudos to Romando you mentioned and also to Chuck 339 00:17:33,520 --> 00:17:36,800 Speaker 1: Schumer for hammering home the case that this is a 340 00:17:36,840 --> 00:17:40,200 Speaker 1: security threat both economically and nationally. If it doesn't get done, 341 00:17:40,359 --> 00:17:43,520 Speaker 1: Romando said, if it doesn't get done this week, China wins. 342 00:17:43,560 --> 00:17:46,960 Speaker 1: So that's how seriously they're taking us. Genie, I'm gonna 343 00:17:46,960 --> 00:17:48,720 Speaker 1: put you on the spot here with a with a 344 00:17:48,760 --> 00:17:52,920 Speaker 1: quick twenty second answer, what are the odds that Democrats 345 00:17:52,960 --> 00:17:55,240 Speaker 1: and Republicans can get the other portions of the bill 346 00:17:55,280 --> 00:17:57,639 Speaker 1: they're leaving on the cutting room floor done before the 347 00:17:57,720 --> 00:18:01,639 Speaker 1: end of the year. Oh, at the tough one really quickly. 348 00:18:02,080 --> 00:18:04,760 Speaker 1: I'm never very optimistic, so I don't think so. I 349 00:18:04,800 --> 00:18:06,600 Speaker 1: think if they get this, they're gonna just get this 350 00:18:06,680 --> 00:18:10,200 Speaker 1: straight bill. I don't think they're going to get more. Genie, 351 00:18:10,320 --> 00:18:11,960 Speaker 1: rick Um, I know that we will be chatting with 352 00:18:12,000 --> 00:18:15,160 Speaker 1: you guys in just a little bit of but next 353 00:18:15,200 --> 00:18:18,480 Speaker 1: up next we're gonna be previewing that January six prime 354 00:18:18,520 --> 00:18:21,400 Speaker 1: time hearing on Thursday and the Steve Bannon trial going 355 00:18:21,520 --> 00:18:26,359 Speaker 1: on today with Mark said, I'm Emily Wilkins. This is Bloomberg. 356 00:18:31,119 --> 00:18:34,080 Speaker 1: Well now excited to welcome to the show. Brad Moss. 357 00:18:34,359 --> 00:18:39,119 Speaker 1: He is a lawyer specializing in national security, federal employment 358 00:18:39,200 --> 00:18:42,720 Speaker 1: and security clearance law as well as the deputy executive 359 00:18:42,880 --> 00:18:45,520 Speaker 1: director of the James Madison Project. And I know that 360 00:18:45,600 --> 00:18:48,879 Speaker 1: he's been following so many of the ins and outs 361 00:18:49,040 --> 00:18:53,320 Speaker 1: of not just the January six panel, but also many 362 00:18:53,359 --> 00:18:57,520 Speaker 1: of the things that are going on around the wider investigation. Brad, 363 00:18:57,880 --> 00:19:00,520 Speaker 1: thank you so much for joining us today. Wondering if 364 00:19:00,560 --> 00:19:03,200 Speaker 1: we can just sort of start at the thirty foot 365 00:19:03,280 --> 00:19:07,680 Speaker 1: view here, Why is Steve Bannon on trial and what 366 00:19:07,720 --> 00:19:12,080 Speaker 1: did we learn today from that trial? Sure? So, Steve 367 00:19:12,119 --> 00:19:14,359 Speaker 1: Bannon is on trial for the simple fact that he 368 00:19:14,440 --> 00:19:18,159 Speaker 1: received the congressional subpoena from the January six Committee to 369 00:19:18,240 --> 00:19:21,159 Speaker 1: testify about what he observed and knew about the events 370 00:19:21,240 --> 00:19:24,159 Speaker 1: leading up to and then on January six, as well 371 00:19:24,280 --> 00:19:27,040 Speaker 1: to provide a whole mess of documents. He straight up 372 00:19:27,080 --> 00:19:29,600 Speaker 1: refused to do any of it. He didn't testify, he 373 00:19:29,640 --> 00:19:32,879 Speaker 1: didn't come in to testify, he did produce any documents, 374 00:19:33,359 --> 00:19:36,359 Speaker 1: He didn't produce a privilege privilege log about documents he 375 00:19:36,440 --> 00:19:39,040 Speaker 1: might have produced if they weren't covered by privileged nothing. 376 00:19:39,320 --> 00:19:42,600 Speaker 1: He simply said, I'm covered by executive privilege by the 377 00:19:42,600 --> 00:19:45,639 Speaker 1: former president. I'm not coming in. You can't make me, 378 00:19:46,160 --> 00:19:48,200 Speaker 1: you know, for lack of a better phrase, and he 379 00:19:48,280 --> 00:19:52,400 Speaker 1: was referred for criminal contempt by Congress to the Department 380 00:19:52,400 --> 00:19:55,520 Speaker 1: of Justice, and Department of Justice indicted him. So how 381 00:19:55,600 --> 00:19:58,040 Speaker 1: is that argument going for him, that he has executive 382 00:19:58,040 --> 00:20:02,680 Speaker 1: privilege because he did work as strategist for some time. Correct, 383 00:20:02,720 --> 00:20:05,480 Speaker 1: It's gone nowhere for him. So mind you all the 384 00:20:05,520 --> 00:20:08,760 Speaker 1: events that took place leading up to January six, Steve 385 00:20:08,760 --> 00:20:10,840 Speaker 1: Bannon was a civilian, he was no longer working for 386 00:20:10,880 --> 00:20:13,760 Speaker 1: the government. He's no longer a White House aid. He 387 00:20:14,000 --> 00:20:16,000 Speaker 1: filed a bunch of motions at the beginning of this 388 00:20:16,160 --> 00:20:19,879 Speaker 1: criminal proceeding, trying to argue that he was covered by privilege, 389 00:20:19,960 --> 00:20:23,040 Speaker 1: that his actions were authorized by the former president, that 390 00:20:23,080 --> 00:20:26,000 Speaker 1: he was relying on guidance from legal counsel. The arguments 391 00:20:26,000 --> 00:20:28,359 Speaker 1: were all thrown out. The judge rejected them all. He 392 00:20:28,400 --> 00:20:30,600 Speaker 1: tried to push off the trial a couple of times. 393 00:20:31,000 --> 00:20:33,240 Speaker 1: The argument was rejected. The judge said, no, We're going 394 00:20:33,280 --> 00:20:35,800 Speaker 1: to trial, and today we started at the jury was 395 00:20:35,840 --> 00:20:39,680 Speaker 1: seated opening arguments, and the first witnesses began, this thing 396 00:20:39,840 --> 00:20:41,240 Speaker 1: is going to be done by the end of the week. 397 00:20:41,920 --> 00:20:44,720 Speaker 1: Oh wow, that quickly, I mean, is it looking good? 398 00:20:44,760 --> 00:20:46,800 Speaker 1: For it doesn't sound like that it's looking good for 399 00:20:46,880 --> 00:20:49,399 Speaker 1: him at this point in time. I mean, what what 400 00:20:49,440 --> 00:20:52,159 Speaker 1: could this mean, the outcome of this trial mean for 401 00:20:52,280 --> 00:20:55,160 Speaker 1: others who have gotten a subpoena from the January six 402 00:20:55,200 --> 00:20:58,320 Speaker 1: Committee and also not bothered to then appear in front 403 00:20:58,320 --> 00:21:02,320 Speaker 1: of the committee. Sure, so, for the most part, almost 404 00:21:02,640 --> 00:21:05,400 Speaker 1: an overwhelming number of people who have been subpoenaed by 405 00:21:05,440 --> 00:21:07,840 Speaker 1: the committee or have been asked to cooperate have come 406 00:21:07,920 --> 00:21:10,400 Speaker 1: forward and provide a testament. You've certainly seen a lot 407 00:21:10,440 --> 00:21:13,160 Speaker 1: of that in the January six hearings. The people who 408 00:21:13,200 --> 00:21:16,600 Speaker 1: haven't are Trump's most by and large, Trump's inner certainly 409 00:21:16,640 --> 00:21:19,800 Speaker 1: think of Peter Navarro, who was already indicted. You think 410 00:21:19,800 --> 00:21:22,840 Speaker 1: of Mark Meadows and Dance Gavino, the White House aids 411 00:21:23,200 --> 00:21:25,920 Speaker 1: who were referred for contempt but d o J declined 412 00:21:26,000 --> 00:21:29,959 Speaker 1: to prosecute them. Uh, those individuals are the are the 413 00:21:30,040 --> 00:21:33,760 Speaker 1: small select few who have declined. They will likely at 414 00:21:33,800 --> 00:21:36,040 Speaker 1: this point just play it out the way they already had. 415 00:21:36,080 --> 00:21:38,200 Speaker 1: Mark Meadows and Dance Gavino. No, they're not going to 416 00:21:38,240 --> 00:21:40,600 Speaker 1: be indicted at this point, so they don't care. But 417 00:21:40,720 --> 00:21:44,600 Speaker 1: it does go forward from purposes of this prosecution assuming 418 00:21:44,600 --> 00:21:47,160 Speaker 1: there is a conviction. It goes forward to the point 419 00:21:47,160 --> 00:21:50,880 Speaker 1: that Congress does have some power here. They can compel 420 00:21:51,000 --> 00:21:55,240 Speaker 1: people to testify. If the people refuse, there are punishments, 421 00:21:55,280 --> 00:21:58,159 Speaker 1: there is criminal liability. I also want to take a 422 00:21:58,200 --> 00:22:00,480 Speaker 1: minute and just spin this forward to their sesday night, 423 00:22:00,520 --> 00:22:03,600 Speaker 1: when we are going to be hearing the next public 424 00:22:03,600 --> 00:22:06,800 Speaker 1: hearing from the January six panel. We're going to be 425 00:22:06,840 --> 00:22:10,680 Speaker 1: hearing from former Trump Deputy White House Press Secretary Sarah Matthews, 426 00:22:10,720 --> 00:22:14,280 Speaker 1: as well as former Deputy National Security Advisor Matthew Pottinger. 427 00:22:14,600 --> 00:22:17,399 Speaker 1: Both of them are expected to testify. We heard today 428 00:22:17,480 --> 00:22:20,760 Speaker 1: from House Democratic Caucus vicee chair pe Aguilar, who told 429 00:22:20,760 --> 00:22:24,400 Speaker 1: reporters the testimony will show how former how former President 430 00:22:24,400 --> 00:22:28,080 Speaker 1: Trump did not stop, did not act to stop the 431 00:22:28,119 --> 00:22:32,560 Speaker 1: attack on the Capitol. Will continue to detail, specifically this 432 00:22:32,640 --> 00:22:37,720 Speaker 1: hearing that failed leadership, how Donald Trump failed to take that. 433 00:22:37,880 --> 00:22:41,800 Speaker 1: Oh seriously, Brad, I'm wondering what you're going to be 434 00:22:41,840 --> 00:22:46,360 Speaker 1: looking for from this hearing on Thursday night. Yeah. My 435 00:22:46,720 --> 00:22:48,840 Speaker 1: plan with this hearing is I want to see how 436 00:22:48,920 --> 00:22:51,000 Speaker 1: much more they flesh out. And this is that that 437 00:22:51,119 --> 00:22:54,840 Speaker 1: personal knowledge that these two witnesses can provide of once 438 00:22:54,920 --> 00:22:56,960 Speaker 1: Trump was back in the White House and the breach 439 00:22:57,000 --> 00:22:59,760 Speaker 1: had occurred at the Capitol leading up for those several 440 00:23:00,000 --> 00:23:02,560 Speaker 1: wor as well, we all watched on TV live as 441 00:23:02,640 --> 00:23:05,520 Speaker 1: the mob, you know, infiltery of the Capital put members 442 00:23:05,560 --> 00:23:08,320 Speaker 1: of Congress and the Vice president at risk. What was 443 00:23:08,359 --> 00:23:10,840 Speaker 1: actually going on at the White House. We've heard some 444 00:23:10,960 --> 00:23:14,600 Speaker 1: testimony both live from Cassidy Hutchinson as well some tape 445 00:23:14,640 --> 00:23:17,640 Speaker 1: that positions of various White House staff about what they 446 00:23:17,640 --> 00:23:20,440 Speaker 1: were called the President doing, but few have been close 447 00:23:20,520 --> 00:23:23,199 Speaker 1: enough to have actually observed him directly, as opposed to 448 00:23:23,320 --> 00:23:25,560 Speaker 1: having heard it from other people, like hearing it from 449 00:23:25,560 --> 00:23:30,320 Speaker 1: Mark Meadows. So it'll be interesting with these two individuals 450 00:23:30,480 --> 00:23:32,359 Speaker 1: who were very close to the president, part of his 451 00:23:32,400 --> 00:23:36,480 Speaker 1: inner circle, what they can elaborate on, what they can 452 00:23:36,520 --> 00:23:38,920 Speaker 1: flesh out in terms of how much the president knew 453 00:23:38,960 --> 00:23:41,399 Speaker 1: about truly what was going on there, What was he 454 00:23:41,440 --> 00:23:44,919 Speaker 1: actually doing, what actions was he taking to stop the riot? 455 00:23:45,480 --> 00:23:48,639 Speaker 1: I can I ask why it's so important that we 456 00:23:48,880 --> 00:23:52,680 Speaker 1: look at what Trump did and did not do to 457 00:23:53,080 --> 00:23:56,600 Speaker 1: stop that riot. Is there some sort of criminal charge 458 00:23:56,680 --> 00:23:59,280 Speaker 1: that's related to that? Could this lead to some sort 459 00:23:59,280 --> 00:24:02,720 Speaker 1: of criminal charge down the road. So so it's too 460 00:24:02,720 --> 00:24:05,720 Speaker 1: part one is obviously political and historical, and it's the 461 00:24:05,800 --> 00:24:09,640 Speaker 1: idea of outlining exactly what after all these hearings we've seen, 462 00:24:09,680 --> 00:24:12,160 Speaker 1: all the things that he did leading up to January six, 463 00:24:12,400 --> 00:24:14,320 Speaker 1: the plans he put in place trying to prevent the 464 00:24:14,400 --> 00:24:17,520 Speaker 1: certification of Joe Biden as president, all those steps he 465 00:24:17,560 --> 00:24:19,600 Speaker 1: took to try to influence the campaign and the o 466 00:24:19,720 --> 00:24:22,440 Speaker 1: J and all that that. The actual date of January six, 467 00:24:22,480 --> 00:24:26,240 Speaker 1: he gives a speech and then the breach occurs. Whether 468 00:24:26,359 --> 00:24:29,520 Speaker 1: or not he was deliberately, whether he was knowingly letting 469 00:24:29,560 --> 00:24:32,520 Speaker 1: it continue without regard for the safety of the members 470 00:24:32,520 --> 00:24:35,880 Speaker 1: of Congress, for the Vice president, and for the certification process, 471 00:24:35,880 --> 00:24:38,800 Speaker 1: and if he was doing it because he wanted things 472 00:24:38,800 --> 00:24:41,000 Speaker 1: to be halted, he wanted to be able to have 473 00:24:41,119 --> 00:24:44,639 Speaker 1: another way to prevent the certification. That's both political and 474 00:24:44,720 --> 00:24:48,120 Speaker 1: historical in terms of making sure the public understands what occurred. 475 00:24:48,440 --> 00:24:51,400 Speaker 1: But it's also a potential criminal issue, whether it comes 476 00:24:51,400 --> 00:24:54,879 Speaker 1: down to conspiracy to obstruct official proceedings and any number 477 00:24:55,480 --> 00:24:58,600 Speaker 1: of potential criminal angles that we've seen with the boat 478 00:24:58,680 --> 00:25:01,080 Speaker 1: Keepers and the Proud Boy. That's what we're gonna look 479 00:25:01,080 --> 00:25:03,480 Speaker 1: to see if this flash out a lot to unpack. 480 00:25:03,560 --> 00:25:07,240 Speaker 1: There certainly will be a interesting blockbuster hearing Brad, thank 481 00:25:07,280 --> 00:25:09,560 Speaker 1: you so much for joining us. That was Brad Moss, 482 00:25:09,840 --> 00:25:13,200 Speaker 1: partner at mark Zaide. Stick around. We're about to dive 483 00:25:13,320 --> 00:25:17,360 Speaker 1: into President Biden's announcement tomorrow on an executive order on climate. 484 00:25:17,560 --> 00:25:26,720 Speaker 1: This is Bloomberg. This is Bloomberg Sound on on Bloomberg Radio. 485 00:25:29,200 --> 00:25:34,840 Speaker 1: The UK has reached a record high heatwave today, and 486 00:25:35,040 --> 00:25:38,879 Speaker 1: while we are not in the United Kingdom, it feels 487 00:25:38,920 --> 00:25:42,040 Speaker 1: pretty awful outside in d C. I believe it also 488 00:25:42,080 --> 00:25:45,640 Speaker 1: feels pretty awful outside in New York. Now. Not many 489 00:25:45,720 --> 00:25:49,800 Speaker 1: people are are being spared with this very hot summer weather. 490 00:25:50,200 --> 00:25:52,720 Speaker 1: And when it talks about the heat, I mean, we're 491 00:25:52,760 --> 00:25:54,440 Speaker 1: we're kind of joking a little bit here, but being 492 00:25:54,560 --> 00:25:56,959 Speaker 1: very serious. There is a lot of discussion right now 493 00:25:56,960 --> 00:26:00,320 Speaker 1: about what needs to happen wind terms of climate, and 494 00:26:00,400 --> 00:26:04,000 Speaker 1: it's gotten so intense that Jeff Merkley, Senator from Oregon, 495 00:26:04,240 --> 00:26:07,840 Speaker 1: has asked President Biden to declare a climate emergency, stating 496 00:26:07,880 --> 00:26:10,440 Speaker 1: that it's very unlikely at this point that the Senate 497 00:26:10,520 --> 00:26:12,640 Speaker 1: is going to be able to do anything more. They 498 00:26:12,720 --> 00:26:16,639 Speaker 1: had that climate package, but Senator Joe Mansion, he's walked 499 00:26:16,640 --> 00:26:19,760 Speaker 1: away from it, at least for now, and even though 500 00:26:19,760 --> 00:26:23,439 Speaker 1: he's under pressure from his colleagues, Mansion's kind of really 501 00:26:23,560 --> 00:26:26,000 Speaker 1: staked out his position here. This is what he said 502 00:26:26,000 --> 00:26:29,840 Speaker 1: the other day. I don't represent the states they represent, 503 00:26:30,280 --> 00:26:32,040 Speaker 1: and the people I have are hard working people that 504 00:26:32,080 --> 00:26:34,080 Speaker 1: are getting hurt hard at the grocery store, They getting 505 00:26:34,119 --> 00:26:36,800 Speaker 1: hit hard at the gas station and everything they pay for. 506 00:26:37,600 --> 00:26:40,720 Speaker 1: So now the ball is in President Joe Biden's court 507 00:26:40,800 --> 00:26:43,960 Speaker 1: and we'll be watching tomorrow when he gives a speech 508 00:26:44,040 --> 00:26:47,680 Speaker 1: at a shuttered coal fire power plant in Massachusetts where 509 00:26:47,720 --> 00:26:50,840 Speaker 1: he's going to lay out the next steps here. Uh. 510 00:26:50,880 --> 00:26:54,880 Speaker 1: Senator Merkley's called called for a climate emergency. We still 511 00:26:54,920 --> 00:26:57,399 Speaker 1: are learning exactly how far this is going to go. 512 00:26:57,560 --> 00:27:00,160 Speaker 1: To discuss this more, we're bringing back are all all 513 00:27:00,200 --> 00:27:05,560 Speaker 1: star panel, Genie she In, Zano, Rick Davis, Jennie. What 514 00:27:05,840 --> 00:27:10,160 Speaker 1: can Biden actually do here? And is this climate emergency 515 00:27:10,400 --> 00:27:13,840 Speaker 1: any different from any other executive order the President might 516 00:27:13,880 --> 00:27:16,520 Speaker 1: put out. Yeah, he's getting a lot of push. You 517 00:27:16,560 --> 00:27:19,679 Speaker 1: mentioned Jeff Merkley leading that charge from the Senate that 518 00:27:19,960 --> 00:27:22,600 Speaker 1: essentially this legislation is dead. We're going to be facing 519 00:27:22,600 --> 00:27:26,080 Speaker 1: a divided Congress potentially in a matter of months, and 520 00:27:26,160 --> 00:27:29,040 Speaker 1: so now is the time to act via executive order. 521 00:27:29,040 --> 00:27:32,600 Speaker 1: And he's certainly pushing for this climate emergency, and there 522 00:27:32,640 --> 00:27:37,119 Speaker 1: are powers available to the president to execute that. Some 523 00:27:37,320 --> 00:27:41,159 Speaker 1: of them though, require Congress to authorize, which is not 524 00:27:41,280 --> 00:27:44,679 Speaker 1: going to happen. And um, you know, we still don't know, 525 00:27:44,800 --> 00:27:47,479 Speaker 1: at least the last I checked, whether in fact Biden 526 00:27:47,560 --> 00:27:49,600 Speaker 1: is going to go ahead and do that. What I'm 527 00:27:49,640 --> 00:27:52,000 Speaker 1: hearing is he's going to notuce that he's going to 528 00:27:52,160 --> 00:27:56,160 Speaker 1: take steps on climate change, but stop short tomorrow in Somerset, 529 00:27:56,200 --> 00:28:00,560 Speaker 1: Massachusetts of declaring a national emergency. So we have to 530 00:28:00,600 --> 00:28:03,280 Speaker 1: sort of wait and see how they're going to respond. 531 00:28:03,400 --> 00:28:06,320 Speaker 1: But certainly they're frustrated and they're getting a lot of 532 00:28:06,400 --> 00:28:10,239 Speaker 1: push And of course it is a perfect situation of 533 00:28:11,000 --> 00:28:13,280 Speaker 1: sort of a perfect storm, if you will, for the president, 534 00:28:13,560 --> 00:28:16,440 Speaker 1: because on the one hand, he's got inflation, high oil prices, 535 00:28:16,760 --> 00:28:18,800 Speaker 1: and the heat in the United States and you've been 536 00:28:18,800 --> 00:28:21,879 Speaker 1: talking about around the world people are really focused on 537 00:28:21,960 --> 00:28:24,760 Speaker 1: climate change right now, and looking at a US Congress 538 00:28:24,760 --> 00:28:27,919 Speaker 1: that can act and a president who, by many estimations, 539 00:28:27,960 --> 00:28:30,960 Speaker 1: seems unwilling to do what his powers allow him to do, 540 00:28:31,240 --> 00:28:34,439 Speaker 1: and that's a real challenge for this White House. Absolutely, 541 00:28:34,440 --> 00:28:37,000 Speaker 1: And another thing for Biden to try and keep in 542 00:28:37,080 --> 00:28:40,200 Speaker 1: mind here is that if he goes too far with 543 00:28:40,240 --> 00:28:45,720 Speaker 1: what he is proposing, he does risk isolating Senator Joe Manchin. 544 00:28:45,920 --> 00:28:48,720 Speaker 1: I mean, he's walked away from some of these climate proposals, 545 00:28:48,920 --> 00:28:50,600 Speaker 1: but there is some hope that maybe he'd come back 546 00:28:50,600 --> 00:28:54,560 Speaker 1: after September, and there's still that major healthcare bill that 547 00:28:54,640 --> 00:28:58,520 Speaker 1: Democrats are interested in moving through. I mean, Rick Davis, 548 00:28:58,600 --> 00:29:01,160 Speaker 1: what's kind of the balance that Biden has to walk 549 00:29:01,240 --> 00:29:04,120 Speaker 1: here on this announcement tomorrow? Yeah, I family, I think 550 00:29:04,120 --> 00:29:07,360 Speaker 1: you've really figured out that the dynamic is much more 551 00:29:07,440 --> 00:29:10,560 Speaker 1: complicated than just having, you know, a right to be 552 00:29:10,640 --> 00:29:14,240 Speaker 1: able to administratively do these these things on climate. Joe 553 00:29:14,280 --> 00:29:16,720 Speaker 1: Mansion is the key to future activity in the Senate 554 00:29:16,760 --> 00:29:18,600 Speaker 1: for the next two years. I mean, this is not 555 00:29:18,720 --> 00:29:21,800 Speaker 1: something that potentially could change tomorrow. I mean we've been 556 00:29:21,800 --> 00:29:24,240 Speaker 1: talking about the elections. They could be right back in 557 00:29:24,440 --> 00:29:27,920 Speaker 1: a fifty fifties Senate and potentially a House that's Republican, 558 00:29:27,960 --> 00:29:30,240 Speaker 1: and so they need Joe Mansion is stop the Senate 559 00:29:30,280 --> 00:29:33,560 Speaker 1: from doing things that Republicans want them to do. And 560 00:29:33,680 --> 00:29:37,080 Speaker 1: so you know this is this is a political dynamic 561 00:29:37,160 --> 00:29:40,680 Speaker 1: that has great implications with policy. And and you've got 562 00:29:40,680 --> 00:29:43,680 Speaker 1: to believe Mansion when he says, I'm willing to negotiate 563 00:29:43,760 --> 00:29:46,920 Speaker 1: on climate. I'm just not willing to negotiate on on 564 00:29:47,000 --> 00:29:49,880 Speaker 1: this reconciliation bill, which by the way, has been pretty 565 00:29:49,880 --> 00:29:52,480 Speaker 1: consistent throughout the court of the last year and a half. 566 00:29:52,840 --> 00:29:56,600 Speaker 1: Biden's got some options, you know, that he could do administratively, 567 00:29:56,920 --> 00:29:59,280 Speaker 1: and he should do those things. Uh, he didn't need 568 00:29:59,320 --> 00:30:02,280 Speaker 1: to have a emergency declaration. You know, there are many 569 00:30:02,320 --> 00:30:05,720 Speaker 1: things he can do around pollution from cars, and and 570 00:30:05,720 --> 00:30:08,600 Speaker 1: and and and to put a little uh pressure on 571 00:30:09,120 --> 00:30:11,440 Speaker 1: Joe Mansion by you know, talking about doing some things 572 00:30:11,480 --> 00:30:15,440 Speaker 1: around coal and gas fired power plant regulation. So I 573 00:30:15,480 --> 00:30:18,400 Speaker 1: think he could bring him along to the negotiating table 574 00:30:18,400 --> 00:30:21,880 Speaker 1: if he wants to put some heat on Mansion and Genie. 575 00:30:21,880 --> 00:30:25,240 Speaker 1: I'm wondering as well for some of these Democratic voters 576 00:30:25,280 --> 00:30:28,160 Speaker 1: who were expecting this big climate package, they're now not 577 00:30:28,240 --> 00:30:30,720 Speaker 1: getting that they saw that Supreme Court ruling and limiting 578 00:30:30,760 --> 00:30:33,200 Speaker 1: the powers of the e p A. How is it 579 00:30:33,560 --> 00:30:37,400 Speaker 1: How important is it for Biden with his actions to 580 00:30:37,480 --> 00:30:42,000 Speaker 1: show voters that he still is that the Democrats really 581 00:30:42,080 --> 00:30:45,680 Speaker 1: are still the party that's pushing the climate agenda. As 582 00:30:45,720 --> 00:30:48,440 Speaker 1: we see in all the polls, voters on both sides 583 00:30:48,560 --> 00:30:51,560 Speaker 1: really frustrated by the lack of action on on these 584 00:30:51,600 --> 00:30:54,280 Speaker 1: and many other issues in Washington, d C. And of 585 00:30:54,320 --> 00:30:57,080 Speaker 1: course Biden bears the brunt of that. Being the president, 586 00:30:57,120 --> 00:31:00,520 Speaker 1: the buck really does stop with him. But his challenge 587 00:31:00,560 --> 00:31:04,840 Speaker 1: is great because while people voice concern about climate change, 588 00:31:04,880 --> 00:31:07,600 Speaker 1: it doesn't nearly rise in the polls to the level 589 00:31:07,640 --> 00:31:11,920 Speaker 1: of something they express like inflation, jobs, those kinds of 590 00:31:11,960 --> 00:31:15,280 Speaker 1: issues the economy. Those are the issues they really vote on, 591 00:31:15,360 --> 00:31:17,680 Speaker 1: they really get out on. So he's got to walk 592 00:31:17,720 --> 00:31:21,160 Speaker 1: a really fine line here of showing that he is 593 00:31:21,200 --> 00:31:23,920 Speaker 1: taking this seriously and he's moving forward as best he 594 00:31:24,000 --> 00:31:26,240 Speaker 1: can with some kind of agenda. To Rick's point, working 595 00:31:26,240 --> 00:31:29,400 Speaker 1: with Joe Manchin on the other hand, pole wise, politically, 596 00:31:29,400 --> 00:31:33,680 Speaker 1: it's most important that he focuses on inflation in gas prices, 597 00:31:33,720 --> 00:31:36,640 Speaker 1: because that's what people say still is the number one 598 00:31:36,680 --> 00:31:39,920 Speaker 1: issue for them going to the polls. So we've obviously 599 00:31:39,920 --> 00:31:42,600 Speaker 1: got that announcement tomorrow. We did just get noticed that 600 00:31:42,720 --> 00:31:45,760 Speaker 1: the Senate will be taking that first procedural motion on 601 00:31:45,960 --> 00:31:49,520 Speaker 1: the big Semiconductor spending bill. But there are also two 602 00:31:49,560 --> 00:31:52,120 Speaker 1: smaller bills that are going through the House. They're really 603 00:31:52,200 --> 00:31:56,120 Speaker 1: interesting because after the Supreme Court overturned ro versus Wade, 604 00:31:56,200 --> 00:32:01,000 Speaker 1: Democrats are now rushing to codify other Supreme Court rulings recently. UH. 605 00:32:01,080 --> 00:32:04,640 Speaker 1: These include the right to contraception as well as a 606 00:32:04,880 --> 00:32:07,840 Speaker 1: marriage equality the right for same sex marriage. Now, the 607 00:32:07,840 --> 00:32:10,760 Speaker 1: House is expected to vote Thursday on the Right to 608 00:32:10,840 --> 00:32:15,240 Speaker 1: Contraception Act, which would codify access for birth control. North 609 00:32:15,360 --> 00:32:19,280 Speaker 1: Carolina Democrat Kathy Manning sponsored the bill, and she told 610 00:32:19,360 --> 00:32:23,200 Speaker 1: reporters today that Republicans are trying to limit the accessibility 611 00:32:23,360 --> 00:32:28,160 Speaker 1: of contraception. We are working to protect women's right to 612 00:32:28,240 --> 00:32:33,040 Speaker 1: control their lives. Our opponents are working to take women's 613 00:32:33,160 --> 00:32:36,640 Speaker 1: rights away. So that's the bill that's going on Thursday. 614 00:32:36,640 --> 00:32:40,479 Speaker 1: And then today lawmakers in the House voted on the 615 00:32:40,520 --> 00:32:44,640 Speaker 1: bill for same sex marriage equality UH and Senator Ted 616 00:32:44,720 --> 00:32:48,440 Speaker 1: Cruz became the latest Republican to voices opposition to the 617 00:32:48,440 --> 00:32:51,840 Speaker 1: Supreme Courts ruling to legalize gay marriage. He said on 618 00:32:51,880 --> 00:32:54,600 Speaker 1: an episode of his podcast The Cloak Room that the 619 00:32:54,680 --> 00:32:58,240 Speaker 1: ruling was quote clearly wrong. You know burger Fell. The 620 00:32:58,280 --> 00:33:00,400 Speaker 1: court said no, we know better than you eyes do, 621 00:33:00,520 --> 00:33:05,160 Speaker 1: and now every state must, uh must sanction and permit 622 00:33:05,240 --> 00:33:08,080 Speaker 1: gay marriage. Um. I think that decision was clearly wrong 623 00:33:08,120 --> 00:33:11,680 Speaker 1: when it was decided, UM, it was the court overreaching. 624 00:33:12,360 --> 00:33:15,320 Speaker 1: Whether the Court will reverse it, I will say so 625 00:33:15,480 --> 00:33:18,560 Speaker 1: in Dobbs, what the Supreme Court said is Row is 626 00:33:18,640 --> 00:33:20,800 Speaker 1: different because it's the only one of the cases that 627 00:33:20,880 --> 00:33:23,920 Speaker 1: involves the taking of a human life, and that's qualitatively different. 628 00:33:23,920 --> 00:33:29,400 Speaker 1: I agree with that proposition. So for these bills, Rick, 629 00:33:29,680 --> 00:33:32,880 Speaker 1: are they really just messaging bills or is there a 630 00:33:33,040 --> 00:33:37,160 Speaker 1: real actual concern that the Supreme Court is going to 631 00:33:37,480 --> 00:33:42,080 Speaker 1: overturn some of its other uh big cases that granted 632 00:33:42,080 --> 00:33:45,120 Speaker 1: these rights to same sex marriage and contraception. Yeah, I 633 00:33:45,160 --> 00:33:48,959 Speaker 1: have no doubt that the Democratic sponsors of these bills 634 00:33:49,120 --> 00:33:52,960 Speaker 1: have a fear that the Supreme Court is going to, um, 635 00:33:53,000 --> 00:33:56,600 Speaker 1: you know, pursue this line into other privacy related matters 636 00:33:56,640 --> 00:34:00,120 Speaker 1: like same sex marriage and contraception and and so I 637 00:34:00,120 --> 00:34:04,000 Speaker 1: I don't doubt their genuineness of it, But the reality 638 00:34:04,160 --> 00:34:07,360 Speaker 1: is that they're not likely to have success around it, 639 00:34:07,440 --> 00:34:12,000 Speaker 1: and so are they just kind of bills to position 640 00:34:12,080 --> 00:34:15,960 Speaker 1: the party uh and create challenges for Republicans who might 641 00:34:16,000 --> 00:34:18,160 Speaker 1: have to walk down the plank and vote against these things, 642 00:34:18,160 --> 00:34:21,640 Speaker 1: which they really don't want to do. So, um, you know, 643 00:34:21,719 --> 00:34:23,480 Speaker 1: I think I think it goes both ways. I think 644 00:34:23,480 --> 00:34:28,799 Speaker 1: there's a lot of genuineness in the efforts of these sponsors, 645 00:34:28,840 --> 00:34:30,799 Speaker 1: but I also think at the end of the day, 646 00:34:30,800 --> 00:34:34,399 Speaker 1: it's just a messaging exercise. Jimmy, do you think that 647 00:34:34,520 --> 00:34:37,000 Speaker 1: these issues, I mean, we know that abortion is certainly 648 00:34:37,000 --> 00:34:39,320 Speaker 1: going to be a big one, but I'm wondering when 649 00:34:39,360 --> 00:34:42,000 Speaker 1: it comes to things like seeing sex marriage, like access 650 00:34:42,040 --> 00:34:44,880 Speaker 1: to contraception, I mean, are those really going to be 651 00:34:45,000 --> 00:34:48,080 Speaker 1: key issues in a mid term especially one where the 652 00:34:48,120 --> 00:34:52,279 Speaker 1: economy is still dominating everything? The economy is dominating. But 653 00:34:52,360 --> 00:34:55,440 Speaker 1: it was fascinating today looking at some polling results, and 654 00:34:55,480 --> 00:34:59,760 Speaker 1: the one area where the majority of Americans said either 655 00:35:00,000 --> 00:35:04,839 Speaker 1: party was extreme was Republicans on this issue of abortion. 656 00:35:05,239 --> 00:35:07,880 Speaker 1: And so I think what we're seeing here to Rick's point, 657 00:35:08,000 --> 00:35:11,400 Speaker 1: you know, the Democrats and some Republicans obviously want to 658 00:35:11,440 --> 00:35:15,640 Speaker 1: codify these things, but we're also mid term season. They 659 00:35:15,680 --> 00:35:19,120 Speaker 1: want to paint the GOP as this extreme party, and 660 00:35:19,160 --> 00:35:21,960 Speaker 1: so they're gonna keep trying to get them on the 661 00:35:22,040 --> 00:35:25,000 Speaker 1: record to say that they are going to oppose access 662 00:35:25,040 --> 00:35:28,360 Speaker 1: to contraception. They're going to oppose same sex marriage because 663 00:35:28,360 --> 00:35:32,840 Speaker 1: too many Americans that does. You know, wherever you stand 664 00:35:32,840 --> 00:35:34,920 Speaker 1: on some of these issues, this party is starting to 665 00:35:35,000 --> 00:35:38,520 Speaker 1: sound extreme. You know, this often discussed issue of a 666 00:35:38,520 --> 00:35:41,080 Speaker 1: ten year old girl being forced to go over lines 667 00:35:41,480 --> 00:35:44,560 Speaker 1: state lines to get an abortion when she becomes pregnant 668 00:35:44,600 --> 00:35:47,160 Speaker 1: by rapist. Those are the things that many Americans see 669 00:35:47,200 --> 00:35:50,040 Speaker 1: is extreme. The Democrats want to talk about that in 670 00:35:50,040 --> 00:35:52,960 Speaker 1: a mid term year, they feel the party being extreme 671 00:35:53,040 --> 00:35:56,480 Speaker 1: and Donald Trump potentially running for president are the best 672 00:35:56,480 --> 00:35:59,760 Speaker 1: two ways to get Democrats in a really tough midterm 673 00:35:59,800 --> 00:36:01,920 Speaker 1: yere for them out to the polls. And they're going 674 00:36:01,960 --> 00:36:04,319 Speaker 1: to keep pushing on these things for that reason. And 675 00:36:04,360 --> 00:36:07,800 Speaker 1: I mean speaking of that, Genie, uh, Congressman Hudkim Jeffreys 676 00:36:07,800 --> 00:36:10,960 Speaker 1: agrees with you. His interview with the ed Board is 677 00:36:11,000 --> 00:36:13,600 Speaker 1: now up on the terminal. Would encourage you to give 678 00:36:13,600 --> 00:36:16,719 Speaker 1: it a read. Has some interesting things to say about 679 00:36:16,840 --> 00:36:20,040 Speaker 1: what's going to go for it in the midterms. Genie Rick, 680 00:36:20,239 --> 00:36:23,279 Speaker 1: thank you so much for joining us today. We've got 681 00:36:23,320 --> 00:36:25,399 Speaker 1: more sound on through the rest of this week. Joe 682 00:36:25,440 --> 00:36:28,880 Speaker 1: Matthew is coming back. This is Bloomberg