1 00:00:02,520 --> 00:00:07,320 Speaker 1: Live from our nation's Capitol. This is Bloomberg Sound Off. 2 00:00:07,360 --> 00:00:09,760 Speaker 1: The parties are divided in terms of the effect that 3 00:00:09,800 --> 00:00:12,640 Speaker 1: the stimulus is going to have. This inflation debate has 4 00:00:12,760 --> 00:00:15,560 Speaker 1: really been heating up the effect of what the Biden 5 00:00:15,560 --> 00:00:21,040 Speaker 1: administration is spending on political capital. Bloomberg Sound On, The Insiders, 6 00:00:21,160 --> 00:00:24,800 Speaker 1: the influencers, the insides, a group of centrists are the 7 00:00:24,880 --> 00:00:28,400 Speaker 1: key senators to watch. Jill Biden give number one focus 8 00:00:28,400 --> 00:00:31,840 Speaker 1: in addition to the COVID health crisis is jobs. I 9 00:00:31,880 --> 00:00:34,680 Speaker 1: don't quickly have red roads and blu roads, and that's 10 00:00:34,680 --> 00:00:37,760 Speaker 1: the way we're looking at this. Schoomberg Sound On with 11 00:00:37,880 --> 00:00:41,880 Speaker 1: Kevin Shilling on Bloomberg Radio. We head to the White 12 00:00:41,920 --> 00:00:46,680 Speaker 1: House to check in with the rat Rama Merty, the 13 00:00:46,760 --> 00:00:49,760 Speaker 1: Deputy Director of the National Economic Council, on an historic 14 00:00:49,880 --> 00:00:53,720 Speaker 1: day as the House sends the one point nine trillion 15 00:00:53,760 --> 00:00:57,480 Speaker 1: dollar stimulus bill to President Biden's desk. I was up 16 00:00:57,480 --> 00:01:00,080 Speaker 1: on Capitol Hill all throughout the day and I'll the 17 00:01:00,160 --> 00:01:02,560 Speaker 1: our latest reporting on that front. My name is Kevin Sireli. 18 00:01:02,600 --> 00:01:06,400 Speaker 1: I'm the chief Washington correspondent for Bloomberg Television and for 19 00:01:06,520 --> 00:01:10,040 Speaker 1: Bloomberg Radio. We begin tonight with the Big story, and 20 00:01:10,080 --> 00:01:13,680 Speaker 1: that of course is the House of Representatives voting earlier 21 00:01:13,720 --> 00:01:18,040 Speaker 1: this afternoon to send the one point nine trillion dollars 22 00:01:18,160 --> 00:01:23,920 Speaker 1: stimulus Proposal bill to President Biden's desk. President Biden cheered 23 00:01:23,959 --> 00:01:27,280 Speaker 1: the final House passage of the massive stimulus bill, and 24 00:01:27,280 --> 00:01:29,240 Speaker 1: he spoke from the White House and noted that he 25 00:01:29,280 --> 00:01:33,040 Speaker 1: will sign the bill in a White House ceremony on Friday. 26 00:01:33,080 --> 00:01:37,959 Speaker 1: Here's the sound of the President's reaction. This bill represents 27 00:01:37,959 --> 00:01:42,200 Speaker 1: the historic, historic victory for the American people. I look 28 00:01:42,240 --> 00:01:45,520 Speaker 1: forward to sign in it later this week. More vaccines, 29 00:01:45,920 --> 00:01:51,880 Speaker 1: more vaccinate tours, and more vaccination sites. Millions more Americans 30 00:01:51,920 --> 00:01:55,160 Speaker 1: will get tested. Schools will soon have the funding and 31 00:01:55,240 --> 00:01:59,520 Speaker 1: resource to the reopen safely. Meanwhile, how Speaker Nancy Pelosi 32 00:01:59,600 --> 00:02:03,000 Speaker 1: also weigh in and spoke with regards to the bills passage. 33 00:02:03,080 --> 00:02:05,680 Speaker 1: Take a listen to the sound on that. So it 34 00:02:05,720 --> 00:02:09,799 Speaker 1: was collaborative. We had the leadership of our chairs House 35 00:02:09,880 --> 00:02:13,680 Speaker 1: and Senate, and we had the intellectual resources of the 36 00:02:13,720 --> 00:02:17,880 Speaker 1: committee members. Again, with the help of the staff, this 37 00:02:18,040 --> 00:02:21,040 Speaker 1: would which would have never had this bill be possible 38 00:02:21,080 --> 00:02:26,080 Speaker 1: without the staff working so hard. Republican reaction was a 39 00:02:26,080 --> 00:02:29,399 Speaker 1: different tune. While the Democrats were celebrating the bills passage. 40 00:02:30,320 --> 00:02:33,480 Speaker 1: Senate Senator Mitch McConnell, the top Republican in the Senate, 41 00:02:33,600 --> 00:02:37,160 Speaker 1: had this to say, at one point nine troyon dollar package, 42 00:02:37,200 --> 00:02:40,919 Speaker 1: as we said repeatedly, I only had about one percent 43 00:02:41,080 --> 00:02:46,520 Speaker 1: or less for vaccines, nine percent or less for healthcare. 44 00:02:47,280 --> 00:02:50,919 Speaker 1: So I think this is actually one of the worst 45 00:02:50,960 --> 00:02:53,560 Speaker 1: pieces of legislation I've seen passed here in the time 46 00:02:53,560 --> 00:02:56,040 Speaker 1: I've been in the Senate. I think the most distinct 47 00:02:56,200 --> 00:03:00,440 Speaker 1: features are the following Number one, It's solved New York's 48 00:03:00,480 --> 00:03:07,480 Speaker 1: budget problem. So finally some good news for Governor Cuomo. Um. 49 00:03:07,639 --> 00:03:12,920 Speaker 1: Senator Schumer has solved his financial issues, so mixed reaction. 50 00:03:13,120 --> 00:03:15,840 Speaker 1: Democrats like it, Republicans do not. Let's head nowt to 51 00:03:15,840 --> 00:03:18,600 Speaker 1: the White House for the Deputy Director of the National 52 00:03:18,680 --> 00:03:22,600 Speaker 1: Economic Council. But rat Ram Marty he is. Uh. We're 53 00:03:22,600 --> 00:03:25,320 Speaker 1: thrilled to have him on on such a crucial, crucial 54 00:03:25,400 --> 00:03:29,200 Speaker 1: day of economic news. Baratt, I mean, I'll start with, 55 00:03:29,680 --> 00:03:31,080 Speaker 1: first of all, when are people are going to get 56 00:03:31,120 --> 00:03:33,640 Speaker 1: their stimulus checks? That's probably the most pressing question I 57 00:03:33,680 --> 00:03:36,880 Speaker 1: got from outside of the Beltway today. Yeah, we're hearing 58 00:03:36,880 --> 00:03:40,920 Speaker 1: that a lot too. So what the President has made 59 00:03:40,920 --> 00:03:43,880 Speaker 1: clear is that you'll time to go on Friday. And 60 00:03:43,880 --> 00:03:47,200 Speaker 1: our expectation is that people should start receiving payments before 61 00:03:47,240 --> 00:03:50,520 Speaker 1: the end of the month. Uh if if you have 62 00:03:50,680 --> 00:03:53,480 Speaker 1: gotten a direct deposit from the I R S before, 63 00:03:53,480 --> 00:03:55,360 Speaker 1: so for example, in the form of a tax refund 64 00:03:55,360 --> 00:03:58,520 Speaker 1: that was directly deposited into your account, Um, those folks 65 00:03:58,560 --> 00:04:01,920 Speaker 1: are likely to receive the payments first, just because the 66 00:04:01,960 --> 00:04:04,800 Speaker 1: I R S already has that connection. But but we 67 00:04:04,800 --> 00:04:07,280 Speaker 1: would expect payments to start going out before the end 68 00:04:07,280 --> 00:04:09,440 Speaker 1: of the month. You know, I'm in my Bloomberg terminal 69 00:04:09,520 --> 00:04:11,960 Speaker 1: right now. And and they actually crunched the numbers about 70 00:04:11,960 --> 00:04:15,080 Speaker 1: the effect that the stimulus bill will have on g 71 00:04:15,240 --> 00:04:19,040 Speaker 1: d P over the next several quarters. How will this 72 00:04:19,120 --> 00:04:23,560 Speaker 1: bill help to spur GDP growth? Well, look, I think 73 00:04:23,560 --> 00:04:25,680 Speaker 1: a lot of independent analysts have taken a look at it, 74 00:04:25,839 --> 00:04:28,000 Speaker 1: and and the answer is that will have a pretty 75 00:04:28,000 --> 00:04:31,680 Speaker 1: significant effect. You know, Moody's has talked about, um, how 76 00:04:31,760 --> 00:04:34,839 Speaker 1: will create an additional seven or produced additional seven million 77 00:04:34,920 --> 00:04:38,279 Speaker 1: jobs in the year ahead. Uh. You know, the the 78 00:04:38,320 --> 00:04:42,200 Speaker 1: CBO said that without action, it would take uh, you know, 79 00:04:42,240 --> 00:04:44,560 Speaker 1: four or five years to get back to the unemployment 80 00:04:44,640 --> 00:04:48,120 Speaker 1: rate that we had pre pandemic. Independent experts I've looked 81 00:04:48,120 --> 00:04:50,039 Speaker 1: at this like at Brookings and found that we will 82 00:04:50,200 --> 00:04:53,720 Speaker 1: get back to that pre unemployment, pre pandemic unemployment rate 83 00:04:54,400 --> 00:04:58,240 Speaker 1: next year instead, so you know, significantly accelerate things. So 84 00:04:58,680 --> 00:05:02,800 Speaker 1: you know, our our view is at giving American families 85 00:05:03,360 --> 00:05:05,160 Speaker 1: support that they need to get through to the other 86 00:05:05,200 --> 00:05:08,160 Speaker 1: side of this pandemic. It's not only the right thing 87 00:05:08,200 --> 00:05:10,839 Speaker 1: to do morally, it's also the right thing to do economically. 88 00:05:11,240 --> 00:05:15,640 Speaker 1: So you know, and you heard the political reaction to this, 89 00:05:15,720 --> 00:05:18,120 Speaker 1: and I know that you know you're an economist, so 90 00:05:18,279 --> 00:05:20,440 Speaker 1: you know, I don't want to go too far into this, 91 00:05:20,520 --> 00:05:23,599 Speaker 1: but the notion that Republicans are making is that they 92 00:05:23,640 --> 00:05:26,760 Speaker 1: feel this was too much money. I think Governor Scott, 93 00:05:27,200 --> 00:05:30,800 Speaker 1: I'm sorry. Down in Florida. Uh, they're urging the Republicans 94 00:05:30,800 --> 00:05:35,080 Speaker 1: are urging that states return all of the additional funds 95 00:05:35,080 --> 00:05:37,640 Speaker 1: that are not related to COVID back to the government. 96 00:05:38,680 --> 00:05:41,040 Speaker 1: What do you say to Republicans who are arguing that 97 00:05:41,320 --> 00:05:45,480 Speaker 1: this is this price tag is just too much. Well, 98 00:05:45,480 --> 00:05:47,800 Speaker 1: I would say that, uh, number one, this was a 99 00:05:47,839 --> 00:05:50,400 Speaker 1: bottom up package, and by that I mean we took 100 00:05:50,400 --> 00:05:53,640 Speaker 1: a look at the needs of the American people, and 101 00:05:53,640 --> 00:05:56,479 Speaker 1: and and proposed a certain amount of money accordingly. So, 102 00:05:56,560 --> 00:05:59,600 Speaker 1: for example, we said, Uh, you know, seven million Americans 103 00:06:00,040 --> 00:06:03,840 Speaker 1: are behind on rent and at risk of eviction. What 104 00:06:03,920 --> 00:06:05,800 Speaker 1: they're going to take to make sure that they can 105 00:06:05,800 --> 00:06:08,320 Speaker 1: get money to stay current on their payments and stay 106 00:06:08,320 --> 00:06:10,599 Speaker 1: in their homes in the middle of the pandemic. Uh, 107 00:06:10,680 --> 00:06:12,320 Speaker 1: And we put that into the package. And I think 108 00:06:12,400 --> 00:06:16,719 Speaker 1: that that sort of bottom up approach UM has resonated 109 00:06:16,720 --> 00:06:19,160 Speaker 1: with the American people. You know, even as of today, 110 00:06:20,040 --> 00:06:25,040 Speaker 1: even with some Republicans launching some criticisms in Washington, UM 111 00:06:25,200 --> 00:06:27,520 Speaker 1: that the package is still receiving the support of seventy 112 00:06:27,520 --> 00:06:30,480 Speaker 1: plus percent of the American people, including a significant portion 113 00:06:31,160 --> 00:06:34,000 Speaker 1: of Republican voters across the country. And so I think 114 00:06:34,000 --> 00:06:36,359 Speaker 1: that the American people recognize that this is a package 115 00:06:36,400 --> 00:06:38,719 Speaker 1: that's well designed to fit the needs that the country 116 00:06:38,720 --> 00:06:41,000 Speaker 1: has right now. It really is remarkable, and I think 117 00:06:41,040 --> 00:06:45,919 Speaker 1: I think the conversation in Washington, as you alluded to, 118 00:06:46,040 --> 00:06:48,960 Speaker 1: the poll suggests that this was an incredibly popular piece 119 00:06:49,160 --> 00:06:52,200 Speaker 1: of legislation. Senator Rick Scott of Florida was the one 120 00:06:52,200 --> 00:06:55,120 Speaker 1: who issued the call for the governors UH to return 121 00:06:55,360 --> 00:06:58,560 Speaker 1: and mayors to return to Washington. Any any funding that's 122 00:06:58,600 --> 00:07:03,040 Speaker 1: an excess of FED really reimbursable COVID nineteen related expensive 123 00:07:03,160 --> 00:07:07,200 Speaker 1: you know, for for the middle class. Beyond the stimulus checks, 124 00:07:07,200 --> 00:07:08,480 Speaker 1: which all right I asked you about, you know what 125 00:07:08,560 --> 00:07:13,600 Speaker 1: are they gonna get them, But beyond just the additional 126 00:07:13,640 --> 00:07:19,880 Speaker 1: funds for schools and for vaccination distribution, how else Rama 127 00:07:19,920 --> 00:07:22,560 Speaker 1: Murty over at the White House, Deputy Director of the 128 00:07:22,640 --> 00:07:25,960 Speaker 1: National Economic Council, how else will this stimulus bill, in 129 00:07:26,000 --> 00:07:29,720 Speaker 1: your view, help the economy returned to normal, not just 130 00:07:29,800 --> 00:07:31,720 Speaker 1: in the long term, but over the next couple of weeks. 131 00:07:31,760 --> 00:07:36,240 Speaker 1: As millions of more Americans are getting the vaccine. Right, Well, 132 00:07:36,240 --> 00:07:39,720 Speaker 1: I think number one, as we've already seen, uh the 133 00:07:39,800 --> 00:07:42,800 Speaker 1: key to getting the economy going in many ways to 134 00:07:42,800 --> 00:07:46,240 Speaker 1: get the virus under control. And and the Biden administration 135 00:07:46,280 --> 00:07:50,360 Speaker 1: has already substantially increased the rate of vaccinations in terms 136 00:07:50,400 --> 00:07:53,440 Speaker 1: of getting shots into people's arms. Um, you know, over 137 00:07:53,480 --> 00:07:57,040 Speaker 1: the last several days we've been hitting two million shots 138 00:07:57,120 --> 00:08:00,080 Speaker 1: or more, which is a substantial increased relative to or 139 00:08:00,160 --> 00:08:03,560 Speaker 1: we were, uh, you know late last year. Uh, that 140 00:08:03,560 --> 00:08:06,760 Speaker 1: that really matters. And and we're focused on getting folks 141 00:08:06,760 --> 00:08:08,920 Speaker 1: who are older, who are at more risk from COVID 142 00:08:09,000 --> 00:08:13,600 Speaker 1: vaccinated and that's helping bring down hospitalizations as well. You know. 143 00:08:13,680 --> 00:08:16,240 Speaker 1: Number two, In addition to the checks that are going 144 00:08:16,280 --> 00:08:18,520 Speaker 1: to go out, as they said before the end of 145 00:08:18,600 --> 00:08:22,560 Speaker 1: the month for many folks, UM, the plan includes a 146 00:08:22,720 --> 00:08:25,440 Speaker 1: substantial increase in the Child Tax Credit. You know, what 147 00:08:25,480 --> 00:08:28,600 Speaker 1: we've seen is that families with children had been hit 148 00:08:28,640 --> 00:08:31,840 Speaker 1: pretty hard during the crisis, and kids themselves, UM have 149 00:08:31,920 --> 00:08:33,679 Speaker 1: had to go through a lot, and parents with kids 150 00:08:33,679 --> 00:08:35,160 Speaker 1: have had to go through a lot. And I speak 151 00:08:35,200 --> 00:08:37,920 Speaker 1: from experience at least on that somebody who's dealing with 152 00:08:38,080 --> 00:08:42,120 Speaker 1: a couple of kids of stories, and I think that UM. 153 00:08:42,160 --> 00:08:44,840 Speaker 1: You know, providing additional support for for families with children 154 00:08:45,440 --> 00:08:47,920 Speaker 1: UM is a big priority of the President, and that's 155 00:08:47,920 --> 00:08:50,680 Speaker 1: why there's an expansion of the Child Tax Credit, which 156 00:08:50,720 --> 00:08:54,720 Speaker 1: means that for every kid under the age of eighteen, 157 00:08:55,080 --> 00:08:57,640 Speaker 1: families will get an additional thirty six hundred dollars a 158 00:08:57,720 --> 00:09:01,040 Speaker 1: year UM and for kids under the age of six, 159 00:09:01,080 --> 00:09:03,280 Speaker 1: it will be three thousand dollars a year. And that 160 00:09:03,360 --> 00:09:06,599 Speaker 1: represents the substantially increased from the payments available under that 161 00:09:06,640 --> 00:09:09,400 Speaker 1: tax credit currently UM and and our hope would be 162 00:09:09,440 --> 00:09:11,960 Speaker 1: that those payments would go out periodically, not just in 163 00:09:12,080 --> 00:09:14,640 Speaker 1: one month sum So that's something else for families to 164 00:09:14,679 --> 00:09:16,320 Speaker 1: keep an eye on in the in the weeks and 165 00:09:16,360 --> 00:09:18,640 Speaker 1: months ahead. Well, and I think it's just crucial just 166 00:09:18,880 --> 00:09:22,880 Speaker 1: from an analytical standpoint, just about how how much the 167 00:09:22,920 --> 00:09:26,200 Speaker 1: middle class is really hurting right now. President Biden is 168 00:09:26,200 --> 00:09:29,760 Speaker 1: going to be headed to Delco, my hometown, Delco, next Tuesday. 169 00:09:29,760 --> 00:09:33,600 Speaker 1: It was just announced uh TO to a tour a 170 00:09:33,640 --> 00:09:36,000 Speaker 1: ten state toward the White House is calling it uh 171 00:09:36,040 --> 00:09:40,199 Speaker 1: TO to tout the success of what the administration is 172 00:09:40,240 --> 00:09:43,480 Speaker 1: saying the economic impacts will have from the stimulus. He's 173 00:09:43,480 --> 00:09:46,440 Speaker 1: going to make a major address tomorrow night, I believe, 174 00:09:46,440 --> 00:09:50,720 Speaker 1: and then had that signing ceremony on Friday. Treasury Secretary Yelling. 175 00:09:51,600 --> 00:09:53,880 Speaker 1: I caught her on MSNBC earlier today and she made 176 00:09:53,920 --> 00:09:58,000 Speaker 1: a I thought an important point about when the labor 177 00:09:58,080 --> 00:10:00,600 Speaker 1: market and when unemployment is going to return earns are normal. 178 00:10:00,640 --> 00:10:02,640 Speaker 1: I think that is on the minds of so many 179 00:10:03,120 --> 00:10:06,440 Speaker 1: millions of Americans, is when will the job market return 180 00:10:06,520 --> 00:10:09,880 Speaker 1: to the pre pandemic level? She said end two. That 181 00:10:10,080 --> 00:10:11,960 Speaker 1: is what a lot of estimates are saying, is that 182 00:10:12,320 --> 00:10:15,160 Speaker 1: would you agree at that timetable, when can the economy 183 00:10:15,200 --> 00:10:19,679 Speaker 1: go back to the pre pandemic um environment. Yeah, well, 184 00:10:19,720 --> 00:10:23,040 Speaker 1: I'm certainly not going to disagree with Secretary way more 185 00:10:23,520 --> 00:10:26,360 Speaker 1: economics than I do um and that that sounds right 186 00:10:26,400 --> 00:10:28,120 Speaker 1: to me. And I think the point that that she 187 00:10:28,160 --> 00:10:30,240 Speaker 1: always makes, which is a really important one to keep 188 00:10:30,240 --> 00:10:33,640 Speaker 1: in mind, is that, um, you know, long term unemployment 189 00:10:34,200 --> 00:10:36,880 Speaker 1: is a serious problem for workers. Book, folks who are 190 00:10:37,040 --> 00:10:40,920 Speaker 1: long term unemployed that the data shows it's harder for them, 191 00:10:41,480 --> 00:10:43,480 Speaker 1: um to get back to the wages that they were 192 00:10:43,480 --> 00:10:47,280 Speaker 1: making before the long term flarring effects. So really making 193 00:10:47,280 --> 00:10:50,480 Speaker 1: sure that people are not long term unemployed is a 194 00:10:50,480 --> 00:10:53,520 Speaker 1: real priority of the secretaries and of the President. And 195 00:10:53,559 --> 00:10:56,079 Speaker 1: I think that part of the economic case for this 196 00:10:56,200 --> 00:10:59,000 Speaker 1: package is that by gearing the economy backed up quickly 197 00:10:59,040 --> 00:11:01,839 Speaker 1: getting a relief to families, we're going to reduce the 198 00:11:01,920 --> 00:11:03,680 Speaker 1: number of long term unemployed in a way that's going 199 00:11:03,720 --> 00:11:06,040 Speaker 1: to have really important long term benefits. And it's all 200 00:11:06,080 --> 00:11:08,560 Speaker 1: about the psychology of the American worker right now. And 201 00:11:08,559 --> 00:11:10,120 Speaker 1: I think that you just hit it on the head. 202 00:11:10,320 --> 00:11:13,120 Speaker 1: Regardless of what party you're in, the psychology of the 203 00:11:13,240 --> 00:11:17,240 Speaker 1: American worker, especially in industries that were just pummeled by 204 00:11:17,240 --> 00:11:20,520 Speaker 1: this horrific pandemic. Uh, just on the minds of everyone. 205 00:11:20,720 --> 00:11:24,440 Speaker 1: Barat Ram Emerty, Deputy Director of the National Economic Council, 206 00:11:24,480 --> 00:11:28,520 Speaker 1: Thank you, Barat truly for coming on such a historic day. UH. 207 00:11:28,679 --> 00:11:31,319 Speaker 1: And I know that your entire team worked incredibly hard 208 00:11:31,559 --> 00:11:35,200 Speaker 1: and around the clock, uh from on this particular bill. 209 00:11:35,320 --> 00:11:38,240 Speaker 1: So I appreciate you joining me on this program for 210 00:11:38,320 --> 00:11:40,920 Speaker 1: a very notable day. That's Barat Ram Emerty. He is 211 00:11:40,960 --> 00:11:44,240 Speaker 1: the Deputy Director of the National Economic Council. Coming up, 212 00:11:44,920 --> 00:11:47,920 Speaker 1: we had to Capitol Hill. I'm Kevin Currelly. This is 213 00:11:47,960 --> 00:12:04,920 Speaker 1: Bloomber This is Bloomberg Sound On with Kevin currel on 214 00:12:05,080 --> 00:12:11,600 Speaker 1: Bloomberg Radio. I'm Kevin Cirelli, chief Washington correspondent for Bloomberg 215 00:12:11,640 --> 00:12:17,400 Speaker 1: TV and Bloomberg Radio, accompanied by my colleague, Bloomberg Politics 216 00:12:17,520 --> 00:12:21,040 Speaker 1: contributor Rick Davis, and we are thrilled to be joined 217 00:12:21,040 --> 00:12:23,880 Speaker 1: by our next guest. He is Congressman Don Buyer, a 218 00:12:23,920 --> 00:12:30,160 Speaker 1: Democrat representing Virginia's eighth District, which includes Arlington, Alexandria, False Churts, 219 00:12:30,160 --> 00:12:33,360 Speaker 1: and parts of Fairfax County, northern Virginia. For those who 220 00:12:33,440 --> 00:12:37,080 Speaker 1: are familiar with the belt Way, Congressman. Great to be 221 00:12:37,120 --> 00:12:39,960 Speaker 1: with you, great to have you back on the on 222 00:12:40,000 --> 00:12:42,559 Speaker 1: the program. And I gotta ask him. I was up 223 00:12:42,559 --> 00:12:44,520 Speaker 1: on Capitol Hill today for the for the big vote, 224 00:12:44,760 --> 00:12:48,240 Speaker 1: the vote, the stimulus vote, and Republicans don't like it, 225 00:12:48,280 --> 00:12:53,040 Speaker 1: Congressman and in fact Senators Uh Scott of Florida. He's 226 00:12:53,040 --> 00:12:56,240 Speaker 1: saying that states and mayors around the country should return 227 00:12:56,320 --> 00:13:02,040 Speaker 1: the money that isn't impacted by COVID. So what is it? 228 00:13:02,080 --> 00:13:05,160 Speaker 1: Is the bill too much or is it not big enough? No, 229 00:13:05,400 --> 00:13:10,160 Speaker 1: I think it's just about right. Kevin, Uh yeah, Coldiere like, yeah, 230 00:13:10,160 --> 00:13:12,680 Speaker 1: we worked really hard on it. And when you say 231 00:13:12,720 --> 00:13:16,640 Speaker 1: Republicans don't like it, seems like Republican elected officials in 232 00:13:16,679 --> 00:13:19,920 Speaker 1: Washington don't want to give Joe Biden to win. But 233 00:13:20,040 --> 00:13:23,200 Speaker 1: the Republicans out there in real America, I think they 234 00:13:23,280 --> 00:13:29,120 Speaker 1: like it's just fine. Keeps seeing surveys that show and 235 00:13:29,160 --> 00:13:31,920 Speaker 1: I think they're really gonna like it when you know, 236 00:13:32,040 --> 00:13:35,080 Speaker 1: they see it not only in the checks that arrive 237 00:13:35,120 --> 00:13:38,560 Speaker 1: at their home, but in the extension of unemployment benefits, 238 00:13:39,120 --> 00:13:41,600 Speaker 1: bulking up local governments who have really been hurt by 239 00:13:41,600 --> 00:13:45,400 Speaker 1: the pandemic. And and and Kevin, the best part is 240 00:13:46,200 --> 00:13:51,400 Speaker 1: we just lifted, uh, reduced child poverty in America by 241 00:13:51,400 --> 00:13:54,800 Speaker 1: one felt. I've talked to so many people today who 242 00:13:54,840 --> 00:13:57,040 Speaker 1: felt this may be the most important bill they've ever 243 00:13:57,120 --> 00:14:00,520 Speaker 1: voted on in their lives. Me included. So you are 244 00:14:00,559 --> 00:14:03,440 Speaker 1: the vice chairman of the Joint Economic Committee, specifically for 245 00:14:03,480 --> 00:14:06,200 Speaker 1: small businesses and for folks who are listening out there 246 00:14:06,200 --> 00:14:10,680 Speaker 1: who are directly impacted from the small business perspective. What 247 00:14:10,679 --> 00:14:13,719 Speaker 1: what is in this one, this massive bill that can 248 00:14:13,760 --> 00:14:17,080 Speaker 1: help them? Well, the biggest thing I think is that 249 00:14:17,559 --> 00:14:21,280 Speaker 1: it by putting one point nine trilliont more into the economy, 250 00:14:21,400 --> 00:14:23,400 Speaker 1: we're going to be putting a lot more people back 251 00:14:23,440 --> 00:14:26,160 Speaker 1: to work. And especially the people really put back to 252 00:14:26,200 --> 00:14:28,680 Speaker 1: work are the people sort of in the lower third, 253 00:14:29,480 --> 00:14:32,480 Speaker 1: lots and lots of women who have been disproportionately affected, 254 00:14:32,760 --> 00:14:36,320 Speaker 1: people in the service industries. So this is going to 255 00:14:36,440 --> 00:14:39,560 Speaker 1: help well, you know, watch for a surge in new 256 00:14:39,600 --> 00:14:41,880 Speaker 1: and used car sales, which I think this bill is 257 00:14:41,920 --> 00:14:44,240 Speaker 1: going to make happen. And as a car dealer, I 258 00:14:44,240 --> 00:14:46,440 Speaker 1: can see this going to say that I was like 259 00:14:46,520 --> 00:14:49,240 Speaker 1: a good thing. I was like, didn't you work at 260 00:14:51,360 --> 00:14:56,280 Speaker 1: I don't anymore. But but I've noticed no stake in 261 00:14:56,360 --> 00:15:01,240 Speaker 1: it other than pride. Uh. And you also, we still 262 00:15:01,280 --> 00:15:04,400 Speaker 1: have ten million people unemployed, um, you know, ten ten 263 00:15:04,480 --> 00:15:07,880 Speaker 1: million fewer, nine million fewer than a year ago. Um, 264 00:15:07,960 --> 00:15:10,080 Speaker 1: and like a third of them have been unemployed for 265 00:15:10,080 --> 00:15:13,640 Speaker 1: more than twenty six weeks. So this extensive unemployment benefits 266 00:15:13,640 --> 00:15:15,760 Speaker 1: as needed is really gonna be helpful, all right. But 267 00:15:15,840 --> 00:15:17,800 Speaker 1: I gotta ask you because when I talk to Republicans, 268 00:15:17,840 --> 00:15:21,240 Speaker 1: but they tell me congressmen, buyer is okay, Well, we're 269 00:15:21,240 --> 00:15:23,040 Speaker 1: taking on way too much that we can't afford it. 270 00:15:23,200 --> 00:15:24,920 Speaker 1: We can't afford it over the long term, and the 271 00:15:24,960 --> 00:15:27,520 Speaker 1: best way to get the economy back on track is 272 00:15:27,560 --> 00:15:31,760 Speaker 1: to reopen You're well, yeah, and I think there's a 273 00:15:31,880 --> 00:15:34,000 Speaker 1: like minded people who would agree, who would you know, 274 00:15:34,080 --> 00:15:37,000 Speaker 1: go ahead. I totally agree with that, which is why 275 00:15:37,040 --> 00:15:40,520 Speaker 1: there's twenty billions in there for vaccines and vaccine distribution. 276 00:15:41,000 --> 00:15:43,320 Speaker 1: We've come a long way, but we still have you 277 00:15:43,360 --> 00:15:48,000 Speaker 1: know what, sent Americans not vaccinated and I am I 278 00:15:48,080 --> 00:15:52,600 Speaker 1: tell you what, it feels really good. Um. And then 279 00:15:52,720 --> 00:15:54,680 Speaker 1: also we're we'll have money in there to open up 280 00:15:54,720 --> 00:15:57,200 Speaker 1: the schools. You know, the number of the schools have 281 00:15:57,240 --> 00:16:00,520 Speaker 1: opened already, and the resistance right now are older and 282 00:16:00,520 --> 00:16:03,960 Speaker 1: we're fragile teachers who are reluctant to go back until 283 00:16:04,360 --> 00:16:07,080 Speaker 1: until the schools are safe. And so we're doing that. Also, 284 00:16:08,760 --> 00:16:11,520 Speaker 1: Congressman this Rick Davis again, thank you for being on 285 00:16:11,560 --> 00:16:14,120 Speaker 1: the show, and thank you for representing northern Virginia where 286 00:16:14,160 --> 00:16:16,840 Speaker 1: I live so well. Uh, you almost had me wanting 287 00:16:16,840 --> 00:16:20,280 Speaker 1: to go buy a Volvo real quick, but I wanted 288 00:16:20,280 --> 00:16:22,720 Speaker 1: to change talking a little. I'm in the district, Rick, 289 00:16:22,760 --> 00:16:25,920 Speaker 1: and let me tell you we're not reopened, but go ahead. Yeah, 290 00:16:26,000 --> 00:16:28,240 Speaker 1: and and and and just sort of moving through the 291 00:16:28,320 --> 00:16:32,440 Speaker 1: sequence of discussion you're having with Kevin is Um. You know, 292 00:16:32,480 --> 00:16:35,440 Speaker 1: we've we're spending one point nine trillion, you know, Speaker 293 00:16:35,440 --> 00:16:38,040 Speaker 1: Pelosi says we're gonna put a trillion dollars in people's pockets. 294 00:16:38,200 --> 00:16:41,080 Speaker 1: They may go buy a new car. Uh, But the 295 00:16:41,160 --> 00:16:44,160 Speaker 1: Republicans are taking the position, you know. And finally they're 296 00:16:44,200 --> 00:16:48,280 Speaker 1: they're starting to think about the deficit. And and and 297 00:16:48,280 --> 00:16:50,600 Speaker 1: and we're gonna have a big road show. They're gonna 298 00:16:50,600 --> 00:16:53,080 Speaker 1: sign the bill on Friday. Uh, we're gonna go sell 299 00:16:53,120 --> 00:16:54,480 Speaker 1: it to the American public. And I agree with you. 300 00:16:54,520 --> 00:16:57,600 Speaker 1: I think the public already uh supports this bill. But 301 00:16:57,680 --> 00:16:59,920 Speaker 1: then the next day we're gonna start talking about infrastructure. 302 00:17:00,040 --> 00:17:04,359 Speaker 1: It and we see from you know, the CE civil 303 00:17:04,359 --> 00:17:08,159 Speaker 1: engineers that they think about three trillion dollars is needed 304 00:17:08,200 --> 00:17:11,760 Speaker 1: for propping up our infrastructure and moving forward. And your 305 00:17:11,760 --> 00:17:14,960 Speaker 1: always means, I mean, at what point are you looking 306 00:17:15,080 --> 00:17:20,800 Speaker 1: at the unpopular decision to maybe put taxes on in 307 00:17:20,920 --> 00:17:24,440 Speaker 1: order to be able to afford something like a infrastructure bill, 308 00:17:24,600 --> 00:17:28,400 Speaker 1: realizing that a popular bill like this only passed by 309 00:17:28,480 --> 00:17:33,119 Speaker 1: nine votes in the House. Yeah, you're and Richly, I 310 00:17:33,160 --> 00:17:36,080 Speaker 1: think you're absolutely right my sense, and you know, I'm 311 00:17:36,080 --> 00:17:40,960 Speaker 1: not totally in charge of one um, but that if 312 00:17:40,960 --> 00:17:43,400 Speaker 1: we do a big infrastructure bill, which we all want 313 00:17:43,400 --> 00:17:47,360 Speaker 1: to do on both sides, desperately needed, is that we're 314 00:17:47,359 --> 00:17:49,520 Speaker 1: gonna have to pay for some or all of it. 315 00:17:50,400 --> 00:17:52,800 Speaker 1: And there's a lot of different ideas out there, including 316 00:17:52,840 --> 00:17:55,600 Speaker 1: you know, Joe Biden talked about, you know, not restoring 317 00:17:55,640 --> 00:17:57,720 Speaker 1: the corporate tax rate to thirty five but maybe back 318 00:17:57,760 --> 00:18:02,359 Speaker 1: up to seven or eight UM, looking at just the 319 00:18:02,400 --> 00:18:06,640 Speaker 1: whole variety of ways to adjust taxes to help pay 320 00:18:06,680 --> 00:18:09,359 Speaker 1: for this, and you know, we've not wanted to do 321 00:18:09,400 --> 00:18:12,600 Speaker 1: it right now while the economy is still partially closed, 322 00:18:12,600 --> 00:18:14,960 Speaker 1: and you have all these people unemployed, but you know, 323 00:18:15,280 --> 00:18:17,200 Speaker 1: because the world could look a little different than any 324 00:18:17,280 --> 00:18:20,080 Speaker 1: days or and and I think most people think the 325 00:18:20,119 --> 00:18:24,800 Speaker 1: infrastructure bill won't come to fruition until you know, June, July, 326 00:18:25,280 --> 00:18:30,040 Speaker 1: m definitely before August, though, do you think, uh, you know, 327 00:18:30,320 --> 00:18:34,719 Speaker 1: especially from a geopolitical standpoint, as we move forward with 328 00:18:34,800 --> 00:18:39,119 Speaker 1: infrastructure that Rick's talking about, and also trying to realign 329 00:18:39,160 --> 00:18:41,800 Speaker 1: some of the trade discussion and reset some of the 330 00:18:41,840 --> 00:18:46,160 Speaker 1: trade rhetoric with China, for example, do you think that 331 00:18:46,160 --> 00:18:50,280 Speaker 1: that is going to be able? Or how? How do 332 00:18:50,320 --> 00:18:51,679 Speaker 1: you how do you do that? I guess that's the 333 00:18:51,680 --> 00:18:55,080 Speaker 1: broader question because here you've got the administration saying they 334 00:18:55,119 --> 00:18:58,000 Speaker 1: want the United States to diversify its supply chain from China, 335 00:18:58,400 --> 00:19:00,360 Speaker 1: and you, of course are a member of the UH 336 00:19:00,840 --> 00:19:04,440 Speaker 1: Subcommittee on Trade. On ways, it means Secretary Blincoln's headed 337 00:19:04,440 --> 00:19:08,119 Speaker 1: to Alaska next week to meet with some some of 338 00:19:08,160 --> 00:19:11,560 Speaker 1: his Beijing counterparts. How do it be tough on China? 339 00:19:11,600 --> 00:19:17,760 Speaker 1: Were also acknowledging that they're the world's second largest economy. Yeah, 340 00:19:18,240 --> 00:19:21,480 Speaker 1: that's got to be the most difficult question in politics 341 00:19:21,480 --> 00:19:24,560 Speaker 1: today because we where where I want us to move 342 00:19:25,480 --> 00:19:30,800 Speaker 1: is to us. You know, strategic partnership and competition with China, 343 00:19:31,200 --> 00:19:34,840 Speaker 1: stay far away from the military conflicts, UM, and and 344 00:19:34,880 --> 00:19:38,040 Speaker 1: trying to get them to coming into the twenty one 345 00:19:38,080 --> 00:19:41,919 Speaker 1: century and have it, you know, trading assistance with integrity, UM. 346 00:19:42,040 --> 00:19:46,600 Speaker 1: But the human rights violations are so upsetting to most Americans, 347 00:19:46,640 --> 00:19:49,280 Speaker 1: including me. You know that the problem with the leakers 348 00:19:49,280 --> 00:19:51,840 Speaker 1: and the concentration camps in the way they're treating Hong Kong, 349 00:19:52,320 --> 00:19:56,720 Speaker 1: threats to Taiwan. UM. China, we want them to play 350 00:19:56,760 --> 00:20:01,320 Speaker 1: by our rules, and it's really hard when they don't. Congressman, UH, 351 00:20:01,359 --> 00:20:04,280 Speaker 1: it's a really good point you make about whose rules 352 00:20:04,320 --> 00:20:06,720 Speaker 1: does China play by? And we see a lot of 353 00:20:06,760 --> 00:20:09,159 Speaker 1: activity there now about their five year plan and what 354 00:20:09,240 --> 00:20:12,879 Speaker 1: they expect to do, uh, to be competitive all around 355 00:20:12,880 --> 00:20:17,440 Speaker 1: the world. And UH coming up, our Secretary of State 356 00:20:17,840 --> 00:20:20,400 Speaker 1: UM Mr B. Lincoln is going to go to Alaska 357 00:20:20,560 --> 00:20:23,960 Speaker 1: and meet with his Chinese counterparts. If you had a 358 00:20:24,040 --> 00:20:26,040 Speaker 1: chance to write the script for Blanco and what would 359 00:20:26,080 --> 00:20:28,560 Speaker 1: be the two things that would be high on your 360 00:20:28,600 --> 00:20:31,719 Speaker 1: list for him to directly make an impact for the 361 00:20:31,800 --> 00:20:36,720 Speaker 1: first time in this administration with Chinese. I would say, 362 00:20:36,920 --> 00:20:40,600 Speaker 1: Number one, here's the behavior that we want you to do. 363 00:20:40,960 --> 00:20:44,160 Speaker 1: We don't need to change regime change or even change 364 00:20:44,200 --> 00:20:46,400 Speaker 1: the character of the government. It's not what we want, 365 00:20:46,520 --> 00:20:49,960 Speaker 1: but what the hellum. But we do want them to 366 00:20:50,000 --> 00:20:52,680 Speaker 1: play by international rules when it comes to both human 367 00:20:52,760 --> 00:20:56,879 Speaker 1: rights and and trade stuff. And the number two is 368 00:20:56,920 --> 00:21:00,480 Speaker 1: to say, you know, we're gonna unite the rest of 369 00:21:00,480 --> 00:21:06,720 Speaker 1: the world UM, Japan, South Korea, Australia, all of the EU, etcetera. UM, 370 00:21:06,760 --> 00:21:10,280 Speaker 1: not against you, but as a bulwark UM and economic 371 00:21:10,320 --> 00:21:15,679 Speaker 1: bulwork that that will be counterposed to China's economy, so 372 00:21:15,840 --> 00:21:17,560 Speaker 1: you don't get to push the rest of us around. 373 00:21:17,640 --> 00:21:19,720 Speaker 1: We are we can be a larger force than you 374 00:21:20,680 --> 00:21:25,080 Speaker 1: and creatingcentives to come in and join us. Let's say 375 00:21:25,119 --> 00:21:27,800 Speaker 1: I listen to what White House Press Secretary jen Psaki 376 00:21:27,880 --> 00:21:30,240 Speaker 1: had to say about the U. S And China relationship 377 00:21:30,280 --> 00:21:33,040 Speaker 1: earlier today in the Brady Briefing Room. Here's the sound 378 00:21:33,040 --> 00:21:36,760 Speaker 1: on China from White House Press Secretary Jensaki. The meeting 379 00:21:37,440 --> 00:21:40,080 Speaker 1: also provides an opportunity to emphasize how the United States 380 00:21:40,080 --> 00:21:43,520 Speaker 1: will stand up for the rules based international system and 381 00:21:43,560 --> 00:21:46,600 Speaker 1: a free and open Indo Pacific. As a president has said, 382 00:21:46,640 --> 00:21:49,280 Speaker 1: we approached our relationship with the Chinese from a position 383 00:21:49,320 --> 00:21:52,440 Speaker 1: of strength and in locks up with our allies and partners. 384 00:21:52,840 --> 00:21:54,360 Speaker 1: I mean they have it. I mean they're they're they're 385 00:21:54,359 --> 00:21:58,640 Speaker 1: talking about all the reset, the tone with the international 386 00:21:59,000 --> 00:22:02,359 Speaker 1: coalitions and and whatnot. And Congressman John Buyers with us. 387 00:22:02,400 --> 00:22:10,720 Speaker 1: He represents Nova, not Villaova, Nova, Northern Virginia. Um years yea. 388 00:22:10,760 --> 00:22:12,040 Speaker 1: I wish I could have said it as well as 389 00:22:12,080 --> 00:22:17,320 Speaker 1: Jen Sak just said it. This was a quiz. And 390 00:22:17,400 --> 00:22:20,200 Speaker 1: one of the problems with the Trump administration is you 391 00:22:20,280 --> 00:22:24,760 Speaker 1: got Trump going from their their you know, the modern 392 00:22:24,800 --> 00:22:28,159 Speaker 1: day version of the access of Evil two. Uh. I 393 00:22:28,200 --> 00:22:30,720 Speaker 1: love t and he's my best friend. And we couldn't 394 00:22:30,760 --> 00:22:33,919 Speaker 1: figure out which was which. They would argue it was 395 00:22:33,960 --> 00:22:35,840 Speaker 1: by design when I talked to Trump world. But I 396 00:22:36,000 --> 00:22:39,000 Speaker 1: but but I But your point is is a really 397 00:22:39,040 --> 00:22:42,800 Speaker 1: interesting one. Um, as we talk about just a broader 398 00:22:43,320 --> 00:22:46,200 Speaker 1: conversation as a whole. You're on another committe You're on 399 00:22:46,240 --> 00:22:49,520 Speaker 1: a subcommittee on space, and anyone who knows me knows 400 00:22:49,520 --> 00:22:52,959 Speaker 1: that I'm a huge space nerd. And I'm not going 401 00:22:53,000 --> 00:22:54,879 Speaker 1: to ask you if there's life out there, but I 402 00:22:54,920 --> 00:22:59,840 Speaker 1: will ask you seriously, seriously from a from a standpoint 403 00:22:59,840 --> 00:23:03,480 Speaker 1: of China cooperation. For example, we're in the midst of 404 00:23:03,480 --> 00:23:06,680 Speaker 1: hack after hack after hack. It seems I mean, what 405 00:23:06,680 --> 00:23:10,199 Speaker 1: what should the United States be doing to secure not 406 00:23:10,400 --> 00:23:15,280 Speaker 1: just NASA from from cyber hacks and whatnot, but also um, 407 00:23:15,320 --> 00:23:19,399 Speaker 1: now the increasing lead private sectors exploration of space to 408 00:23:19,440 --> 00:23:23,520 Speaker 1: make sure that it's you know, cyber secure. Yeah, it's 409 00:23:23,560 --> 00:23:26,120 Speaker 1: It's gonna be a huge point of investment. I heard 410 00:23:26,160 --> 00:23:31,159 Speaker 1: today that the Jamie Diamonds firm is three thousand people 411 00:23:31,280 --> 00:23:35,800 Speaker 1: just working on cybersecurity for his one bank. Um. You 412 00:23:35,840 --> 00:23:38,720 Speaker 1: know this again is a is a place that's incredibly 413 00:23:38,760 --> 00:23:42,399 Speaker 1: fertile opportunity for us to be working closely with the 414 00:23:42,520 --> 00:23:46,280 Speaker 1: Chinese to show that this is ultimately a zero sum 415 00:23:46,359 --> 00:23:50,399 Speaker 1: game or or negative sum game. Everybody gets hurt because 416 00:23:50,440 --> 00:23:52,840 Speaker 1: if we start responding in kind, you know, we can 417 00:23:52,880 --> 00:23:56,440 Speaker 1: destroy their economy fast, so they can destroy ours, and 418 00:23:56,440 --> 00:23:59,679 Speaker 1: and this is just not helpful for anybody. If I 419 00:23:59,720 --> 00:24:02,960 Speaker 1: bring integrity to to cyber we give a chance to 420 00:24:03,040 --> 00:24:06,680 Speaker 1: let all the benefits of the digital universe come through 421 00:24:06,680 --> 00:24:11,000 Speaker 1: to everybody. So when I spoke with UH both Republicans 422 00:24:11,040 --> 00:24:14,480 Speaker 1: and Democrats over the last couple of weeks on cybersecurity, 423 00:24:15,280 --> 00:24:18,800 Speaker 1: Rick Davis and and and Congressman I'm curious for your 424 00:24:19,720 --> 00:24:23,240 Speaker 1: thoughts on this. The one thread Rick that emerges is 425 00:24:23,280 --> 00:24:25,679 Speaker 1: that there needs to be rules of the road the 426 00:24:25,760 --> 00:24:28,280 Speaker 1: same way, And it was Chairman Warner of Virginia of 427 00:24:28,280 --> 00:24:30,639 Speaker 1: the Intel Committee who said it on this program, the 428 00:24:30,720 --> 00:24:35,119 Speaker 1: same way that when there is an armed conflict, folks 429 00:24:35,119 --> 00:24:39,000 Speaker 1: know not to blow up a Red Cross vehicle that 430 00:24:39,040 --> 00:24:42,240 Speaker 1: doesn't exist in the cyberspace. Rick Davis, Yeah, it's a 431 00:24:42,240 --> 00:24:46,320 Speaker 1: bit like the Wild West, as as you mentioned, Senator Warner. Uh. 432 00:24:46,359 --> 00:24:50,520 Speaker 1: Congressman Buyers, colleague in Virginia, UH, chairman of the Intelligence 433 00:24:50,520 --> 00:24:53,960 Speaker 1: Committee has made a big initiative to try and get 434 00:24:54,080 --> 00:24:57,639 Speaker 1: the US some consensus in government at least around what 435 00:24:57,720 --> 00:25:00,800 Speaker 1: those standards should be. At what point do you start 436 00:25:00,840 --> 00:25:04,320 Speaker 1: turning off the spicket to economic activity if people aren't 437 00:25:04,400 --> 00:25:07,840 Speaker 1: playing by some set of rules around what is and 438 00:25:07,960 --> 00:25:12,120 Speaker 1: isn't appropriate as far as cyber activity. Uh, it's it's 439 00:25:12,200 --> 00:25:16,520 Speaker 1: it's actually creating an enormous amount trillions of dollars in 440 00:25:16,720 --> 00:25:21,520 Speaker 1: lost revenue for for the Western world when their secrets 441 00:25:21,560 --> 00:25:26,199 Speaker 1: are stolen, either economic, financial, industrial uh and and and 442 00:25:26,280 --> 00:25:29,800 Speaker 1: this can't continue to go unabated. And it was something 443 00:25:29,840 --> 00:25:32,320 Speaker 1: that Trump talked a lot about when he was president, 444 00:25:32,359 --> 00:25:34,280 Speaker 1: but didn't do much about it. And I think it's 445 00:25:34,320 --> 00:25:37,440 Speaker 1: really incombent on this administration and this Congress to take 446 00:25:37,480 --> 00:25:40,560 Speaker 1: a big lead in that regard. Yeah, and I think 447 00:25:40,560 --> 00:25:42,639 Speaker 1: Senator Warner is right on the button. We need the 448 00:25:42,680 --> 00:25:46,480 Speaker 1: equivalent of Geneva Accords Geneva Convention for it for the 449 00:25:46,520 --> 00:25:48,840 Speaker 1: digital space, and we did. We need to do it 450 00:25:48,880 --> 00:25:51,080 Speaker 1: without killing ten or twelve million people to get there. 451 00:25:51,480 --> 00:25:54,080 Speaker 1: I mean, what about it? And I say this, I 452 00:25:54,119 --> 00:25:56,560 Speaker 1: say this kind of you know, and I don't mean 453 00:25:56,560 --> 00:25:58,560 Speaker 1: to sound too out there, but what about laying the 454 00:25:58,560 --> 00:26:02,560 Speaker 1: groundwork for a similar type of dynamic as as space 455 00:26:03,000 --> 00:26:07,240 Speaker 1: increasingly becomes more privatized, Is there is there working done 456 00:26:07,400 --> 00:26:10,520 Speaker 1: for that, for the future of that there's problems that 457 00:26:10,560 --> 00:26:15,040 Speaker 1: likely will arise. Yeah, I mean there's some done already. 458 00:26:15,480 --> 00:26:17,639 Speaker 1: You know. For example, we passed a bill in Space 459 00:26:17,920 --> 00:26:21,200 Speaker 1: Subcommitty Science Committe a couple of years ago on when 460 00:26:21,359 --> 00:26:25,000 Speaker 1: private companies go of mind asteroids, who gets to keep it? Um? 461 00:26:25,040 --> 00:26:29,160 Speaker 1: But we need something parallel. And there's certainly an international 462 00:26:29,200 --> 00:26:33,040 Speaker 1: agreement on the moon uh and spheres of influence UM, 463 00:26:33,080 --> 00:26:35,040 Speaker 1: not unlike what we have to say it at the 464 00:26:35,080 --> 00:26:37,720 Speaker 1: South Pole. But we have to do a lot more. 465 00:26:38,240 --> 00:26:41,000 Speaker 1: And you know, the probably the best reason for the 466 00:26:41,160 --> 00:26:44,760 Speaker 1: best um rationale for Trumps standing up the Space Force 467 00:26:45,400 --> 00:26:49,960 Speaker 1: UM was the concern about the militarization space that we 468 00:26:50,040 --> 00:26:52,000 Speaker 1: don't want that to happen, but we need to be 469 00:26:52,000 --> 00:26:55,080 Speaker 1: prepared if the Russians of the Chinese do. All right, 470 00:26:55,119 --> 00:26:57,280 Speaker 1: Congress and Don Buyer, I'm gonna have to leave it there, 471 00:26:57,359 --> 00:27:01,160 Speaker 1: Democrat from Virginia's eighth district, and uh, you know next time, 472 00:27:01,240 --> 00:27:03,320 Speaker 1: well maybe I'll have the opportunity to buy you a 473 00:27:03,359 --> 00:27:07,080 Speaker 1: ticket to space one day. You know, well, not a car, 474 00:27:07,440 --> 00:27:10,840 Speaker 1: but I'm sharing the Space Subcommittee. Now, if you want 475 00:27:10,880 --> 00:27:13,240 Speaker 1: to be on the Artemis trip, just let me know. 476 00:27:13,600 --> 00:27:16,760 Speaker 1: I do. My answer is yes, send me, send me, 477 00:27:16,920 --> 00:27:19,280 Speaker 1: send me up there. Now, I'm ready to go. Send 478 00:27:19,280 --> 00:27:24,359 Speaker 1: me on the rocket. Hey, I'll do a live shot. 479 00:27:24,640 --> 00:27:27,760 Speaker 1: Send me up with a live via Bloomberg. Thanks Connressman, 480 00:27:27,840 --> 00:27:30,440 Speaker 1: Don Buyer, Rick Davis. I mean, I think it's interesting 481 00:27:30,440 --> 00:27:31,920 Speaker 1: and I know people are probably thinking, what is he 482 00:27:31,960 --> 00:27:34,560 Speaker 1: doing talking about you know, space on Economic Stimulus Day? 483 00:27:34,560 --> 00:27:36,840 Speaker 1: But it is I mean, when you've got hack after 484 00:27:36,880 --> 00:27:39,280 Speaker 1: hack after hack, and then every single day, you know, 485 00:27:39,320 --> 00:27:41,880 Speaker 1: we're watching the Elon Musk rockets go up and whatnot. 486 00:27:41,920 --> 00:27:44,160 Speaker 1: I mean, this is the I keep saying this, Where 487 00:27:44,200 --> 00:27:48,840 Speaker 1: is the policy discourse for the future the post pandemic economy. 488 00:27:49,080 --> 00:27:50,919 Speaker 1: I mean, there's a lot of money that's in this 489 00:27:50,960 --> 00:27:54,000 Speaker 1: bill that President Biden's gonna sign tomorrow. I don't see 490 00:27:54,000 --> 00:27:57,120 Speaker 1: anything for retraining. I don't see anything for for laying 491 00:27:57,160 --> 00:27:59,440 Speaker 1: the groundwork. And I think that's one of the questions 492 00:27:59,480 --> 00:28:02,320 Speaker 1: that behind the scenes when I talk to staffers, that 493 00:28:02,400 --> 00:28:05,320 Speaker 1: they're most concerned about on both sides of the aisle. Yeah, 494 00:28:05,359 --> 00:28:08,240 Speaker 1: And I think this is a classic example Kevin of 495 00:28:09,080 --> 00:28:14,040 Speaker 1: bypassing the private sector and thinking that that somehow government's 496 00:28:14,040 --> 00:28:15,879 Speaker 1: going to have a solution to all these problems, that 497 00:28:16,040 --> 00:28:18,960 Speaker 1: the reality is on these kinds of things, the the 498 00:28:19,040 --> 00:28:21,720 Speaker 1: employment factor, the private sector is going to be the 499 00:28:21,720 --> 00:28:24,200 Speaker 1: ones who create these jobs. I mean, we can put 500 00:28:24,280 --> 00:28:28,719 Speaker 1: money into unemployment insurance and checks for Americans to help 501 00:28:28,760 --> 00:28:31,720 Speaker 1: bolster the economy and create spending, but in order to 502 00:28:31,760 --> 00:28:34,800 Speaker 1: get people back to work, the private sector has to 503 00:28:34,840 --> 00:28:37,680 Speaker 1: come to the table and create jobs. And if there's 504 00:28:37,800 --> 00:28:40,800 Speaker 1: indecision on the part of Congress is to what a 505 00:28:40,880 --> 00:28:43,120 Speaker 1: corporate tax rate is going to be what new regulations 506 00:28:43,120 --> 00:28:46,560 Speaker 1: are going to be applied. There could be hesitancy on 507 00:28:46,800 --> 00:28:49,480 Speaker 1: what the private sector can do in order to get 508 00:28:49,520 --> 00:28:51,719 Speaker 1: people back to work in the jobs of the future, 509 00:28:51,760 --> 00:28:54,640 Speaker 1: and space is booming. I think your point is exactly right, 510 00:28:54,920 --> 00:28:56,680 Speaker 1: but it has to be secure. A lot of data 511 00:28:56,720 --> 00:28:59,920 Speaker 1: flying through the air has got to be impenetrable from 512 00:29:00,040 --> 00:29:02,560 Speaker 1: people who want to use cybersecurity for their own benefit. 513 00:29:02,960 --> 00:29:05,000 Speaker 1: And just to follow up on that point, I mean, 514 00:29:05,120 --> 00:29:07,600 Speaker 1: and I'm really obsessed with the Senator Rick Scott's story 515 00:29:08,120 --> 00:29:11,400 Speaker 1: of Florida and he spoke to my colleague David Weston yesterday, 516 00:29:11,440 --> 00:29:15,840 Speaker 1: I believe, a great interview just about about the coronavirus 517 00:29:16,000 --> 00:29:18,720 Speaker 1: relief package in his opposition to it. But now he's 518 00:29:18,760 --> 00:29:22,239 Speaker 1: come out and said, Vick Davis that any state that 519 00:29:22,320 --> 00:29:26,920 Speaker 1: receives funds that are not related to COVID nineteen, that 520 00:29:27,040 --> 00:29:31,200 Speaker 1: the states and mayors should send the money back. Smart 521 00:29:31,240 --> 00:29:35,800 Speaker 1: politics or is it you know, maybe not? I I 522 00:29:36,200 --> 00:29:39,720 Speaker 1: maybe not. Um. Let's take an example, right, child, This 523 00:29:39,840 --> 00:29:43,280 Speaker 1: is fascinating. This is see this is John McCain's campaign 524 00:29:43,360 --> 00:29:47,120 Speaker 1: manager talking real talk on politics. Go ahead, yeah, And 525 00:29:47,120 --> 00:29:48,719 Speaker 1: this is a guy who loved to cut the budget 526 00:29:48,760 --> 00:29:50,760 Speaker 1: and we always got gas from the things he wanted 527 00:29:50,760 --> 00:29:54,160 Speaker 1: to cut. Um child tax credit three thousand and three thousand, 528 00:29:54,240 --> 00:29:57,040 Speaker 1: six hundred dollars a year for families. This is how 529 00:29:57,680 --> 00:30:02,400 Speaker 1: uh Congressman Bayer was describing. You cut child poverty rate 530 00:30:02,440 --> 00:30:06,240 Speaker 1: in half. Um. What governor is going to say, Oh, 531 00:30:06,320 --> 00:30:08,640 Speaker 1: I'm not going to give families who are in poverty 532 00:30:08,720 --> 00:30:11,640 Speaker 1: thirty dollars a year that actually is sitting in an 533 00:30:11,680 --> 00:30:14,480 Speaker 1: account to be distributed. No way, don't let that come 534 00:30:14,520 --> 00:30:18,800 Speaker 1: to my state. That's crazy, that's crazy. And so there 535 00:30:18,880 --> 00:30:22,000 Speaker 1: there it's a it's a great political stunt until someone 536 00:30:22,040 --> 00:30:24,000 Speaker 1: starts saying, well, wait a minute, that money was for 537 00:30:24,080 --> 00:30:26,080 Speaker 1: me that you were going to give back to the 538 00:30:26,120 --> 00:30:28,320 Speaker 1: federal government. And why in the world do I want 539 00:30:28,320 --> 00:30:31,480 Speaker 1: the federal government to have more money? I want the money. 540 00:30:31,520 --> 00:30:35,000 Speaker 1: I mean, there's a transition of wealth happening here and 541 00:30:34,680 --> 00:30:37,760 Speaker 1: and and you have to rely on the economic experts 542 00:30:37,760 --> 00:30:39,960 Speaker 1: who are saying we need that in our in our 543 00:30:40,000 --> 00:30:42,280 Speaker 1: economy in order to you know, be able to come back. 544 00:30:42,320 --> 00:30:44,120 Speaker 1: Not all of it is going to be efficient. Is 545 00:30:44,120 --> 00:30:47,240 Speaker 1: it smart politics for a senator to make that argument 546 00:30:47,440 --> 00:30:50,400 Speaker 1: and versus a governor or a mayor, Because he's a senator, 547 00:30:50,440 --> 00:30:52,920 Speaker 1: he doesn't have control. Rather, let's just say if I 548 00:30:53,040 --> 00:30:56,120 Speaker 1: were running a campaign against him either in the primary 549 00:30:56,160 --> 00:30:58,480 Speaker 1: of the general election, I'd be doing high fives with 550 00:30:58,560 --> 00:31:01,000 Speaker 1: everybody on my campaign team now, because I think that 551 00:31:01,240 --> 00:31:04,280 Speaker 1: was a crazy thing to suggest. Well, and then and 552 00:31:04,280 --> 00:31:06,280 Speaker 1: and to follow up on that. I mean, I said 553 00:31:06,280 --> 00:31:09,040 Speaker 1: this to my colleague Jonathan Pharaoh uh and Tom Keane 554 00:31:09,160 --> 00:31:13,360 Speaker 1: and Lisa Bramot on Bloomberg Surveillance earlier. But I I've 555 00:31:13,440 --> 00:31:19,080 Speaker 1: noticed that Republican governors right now seemed to be the 556 00:31:19,240 --> 00:31:22,960 Speaker 1: architects of the messaging for the mid term cycle, much 557 00:31:23,000 --> 00:31:28,520 Speaker 1: more so than the Republicans in Congress, who are quite 558 00:31:28,520 --> 00:31:33,880 Speaker 1: honestly caught in an interest squabble, Republican fight, uh, post Trump, 559 00:31:33,960 --> 00:31:37,280 Speaker 1: all that whole saga. But the governor's Texas, Florida, Maryland, 560 00:31:37,680 --> 00:31:39,959 Speaker 1: they seem to be pushing for reopening. And I just 561 00:31:40,160 --> 00:31:42,680 Speaker 1: I'm noticing this nuance where it seems that the Republican 562 00:31:42,760 --> 00:31:46,880 Speaker 1: governors seemed to be gaining more authority for the direction 563 00:31:46,920 --> 00:31:48,880 Speaker 1: of the party. Would you agree with that? Yeah, I 564 00:31:48,880 --> 00:31:51,160 Speaker 1: think that's where the future leadership of our party is, 565 00:31:51,200 --> 00:31:53,560 Speaker 1: and that's usually where a lot of the good ideas 566 00:31:53,560 --> 00:31:56,840 Speaker 1: and our party come from right for policy. Are the 567 00:31:56,880 --> 00:32:00,680 Speaker 1: governors who were out there closer to the electorate, working 568 00:32:00,680 --> 00:32:03,120 Speaker 1: to try and solve problems. And I would say a 569 00:32:03,200 --> 00:32:05,560 Speaker 1: great example is exactly what you were talking about with 570 00:32:05,640 --> 00:32:10,160 Speaker 1: Senator Scott's idea. This all happened once before when President 571 00:32:10,200 --> 00:32:14,160 Speaker 1: Obama expanded medicare. A lot of the governor said, Republican governors, 572 00:32:14,160 --> 00:32:16,160 Speaker 1: I'm not going to do that. About half of them 573 00:32:16,240 --> 00:32:18,560 Speaker 1: did it and got credit from their states for doing it, 574 00:32:18,640 --> 00:32:21,000 Speaker 1: and any other half mostly did it in the quite 575 00:32:21,040 --> 00:32:23,240 Speaker 1: a night of month or two later when nobody was looking. 576 00:32:23,760 --> 00:32:26,120 Speaker 1: And so you just have to be careful what standard 577 00:32:26,160 --> 00:32:29,840 Speaker 1: you said. But I expect that mayors and governors are 578 00:32:29,880 --> 00:32:33,760 Speaker 1: going to have an enormous influence on the direction of 579 00:32:33,800 --> 00:32:37,080 Speaker 1: the economy in their states, but also the ideas nationally 580 00:32:37,600 --> 00:32:40,840 Speaker 1: that that are going to benefit us coming out of 581 00:32:40,880 --> 00:32:44,800 Speaker 1: this economic uh situation we're in because of COVID. As 582 00:32:44,920 --> 00:32:48,160 Speaker 1: COVID changes, those economies are going to change, and the 583 00:32:48,200 --> 00:32:50,920 Speaker 1: governors are going to probably take advantage of that. First segment. 584 00:32:51,040 --> 00:32:54,160 Speaker 1: Dad always back and Duka always tells me money talks, 585 00:32:54,480 --> 00:32:57,240 Speaker 1: but you don't always have to listen. I'm Kevin Currelli, 586 00:32:57,440 --> 00:33:00,920 Speaker 1: chief Washington correspondent for Bloomberg TV and Radio. Biden's going 587 00:33:00,960 --> 00:33:16,480 Speaker 1: to Delka next week. This is Bloomberg. This is Bloomberg. 588 00:33:16,640 --> 00:33:23,080 Speaker 1: Sound On with Kevin Surley on Bloomberg Radio. I'm Kevin Curreli, 589 00:33:23,280 --> 00:33:29,400 Speaker 1: chief Washington correspondent for Bloomberg Television and for Bloomberg Radio. 590 00:33:29,520 --> 00:33:33,800 Speaker 1: I'm accompanied by Bloomberg Politics contributor Rick Davis and Democratic 591 00:33:33,800 --> 00:33:37,720 Speaker 1: strategists Kevin Walling. You know, Rick, I alluded to this yesterday, 592 00:33:37,720 --> 00:33:40,440 Speaker 1: but I did not have enough time, and I really 593 00:33:40,480 --> 00:33:43,000 Speaker 1: wanted to hit it. Um. And that is one of 594 00:33:43,040 --> 00:33:48,600 Speaker 1: my favorite journalists passed away, uh yesterday, Uh, Roger mud 595 00:33:48,920 --> 00:33:51,400 Speaker 1: He was ninety three years old. Just a total rock star, 596 00:33:51,480 --> 00:33:56,200 Speaker 1: a total icon. Uh. And I love this quote because 597 00:33:56,240 --> 00:34:00,200 Speaker 1: I was reflecting on his career, Rick Davis, which has 598 00:34:00,240 --> 00:34:03,200 Speaker 1: spend decades some of the biggest stories in American history. 599 00:34:03,680 --> 00:34:09,759 Speaker 1: And he wrote in a Princeton Um journalism textbook, for 600 00:34:09,840 --> 00:34:15,480 Speaker 1: lack of a better word, uh, and he wrote really poignantly, 601 00:34:15,840 --> 00:34:19,200 Speaker 1: given what the media have put the country through, it 602 00:34:19,280 --> 00:34:22,160 Speaker 1: must come as a surprise to most Americans that the 603 00:34:22,200 --> 00:34:26,040 Speaker 1: press has a code of ethics. I thought it was 604 00:34:26,080 --> 00:34:28,680 Speaker 1: such a powerful quote Rick Davis. Did you ever work 605 00:34:28,719 --> 00:34:34,120 Speaker 1: with Roger Mud? Uh? Yeah, I've had the pleasure of 606 00:34:34,160 --> 00:34:37,880 Speaker 1: being around, uh ringing around Roger. He's an icon in 607 00:34:38,239 --> 00:34:41,560 Speaker 1: political press especially uh and he is the most feared 608 00:34:41,560 --> 00:34:43,960 Speaker 1: man in the political press for a long time because 609 00:34:44,239 --> 00:34:47,040 Speaker 1: he's the one who asked Ted Kennedy when he was 610 00:34:47,120 --> 00:34:50,320 Speaker 1: running for the president, why do you want to be president? 611 00:34:50,480 --> 00:34:54,080 Speaker 1: And Kennedy couldn't answer the question. And so after that, 612 00:34:54,320 --> 00:34:57,440 Speaker 1: every single campaign manager like me who's ever had anybody 613 00:34:57,520 --> 00:34:59,640 Speaker 1: run for president, the very first thing we do is 614 00:34:59,640 --> 00:35:02,800 Speaker 1: give them the Mud question. That's called the Mud question. 615 00:35:03,320 --> 00:35:05,000 Speaker 1: There you go. I didn't know that that that that 616 00:35:05,120 --> 00:35:08,680 Speaker 1: you just heard it from one of the prominent Republican 617 00:35:09,280 --> 00:35:13,040 Speaker 1: architects right there. Uh, the Mud question. But such a 618 00:35:13,400 --> 00:35:16,960 Speaker 1: crucial legacy. So Roger Mud, thoughts and prayers to his 619 00:35:17,040 --> 00:35:21,200 Speaker 1: family and uh, you have many admirers. All right, Let's 620 00:35:21,200 --> 00:35:24,280 Speaker 1: talk about a big meaning that happened at the White 621 00:35:24,280 --> 00:35:28,959 Speaker 1: House because President Biden today hosted the CEOs of Merk 622 00:35:29,200 --> 00:35:32,160 Speaker 1: and J and J at a White House event, and 623 00:35:32,160 --> 00:35:35,279 Speaker 1: he said that the deal is nearly unprecedented. Remember, Murk 624 00:35:35,360 --> 00:35:38,080 Speaker 1: had agreed to help with producing the new Johnson and 625 00:35:38,160 --> 00:35:41,279 Speaker 1: Johnson vaccine to help quickly boost supplies. I mean to 626 00:35:41,360 --> 00:35:44,080 Speaker 1: have this meaning on the day of the stimulus passage, 627 00:35:44,360 --> 00:35:47,920 Speaker 1: Kevin Walling. I mean, whether you agree with Biden or not, 628 00:35:48,000 --> 00:35:51,160 Speaker 1: he got what he wanted today. He absolutely did. Kevin. 629 00:35:51,160 --> 00:35:53,040 Speaker 1: It's great to be with you. I mean he's riding high. 630 00:35:53,080 --> 00:35:55,680 Speaker 1: Of course, do not just that meeting at three that 631 00:35:55,719 --> 00:35:58,720 Speaker 1: we saw with the CEOs of those two big pharmaceutical companies. 632 00:35:59,000 --> 00:36:01,400 Speaker 1: But he got Mary Garland as his attorney general. He 633 00:36:01,440 --> 00:36:04,000 Speaker 1: got Marsha Fudges his HUD secretary. Of course, you know 634 00:36:04,080 --> 00:36:07,239 Speaker 1: the the previous one being Mary Garland, being that I 635 00:36:07,280 --> 00:36:11,360 Speaker 1: think more at least important in terms of the President's 636 00:36:11,360 --> 00:36:14,720 Speaker 1: agenda and just the thought behind getting married Garland finally 637 00:36:14,760 --> 00:36:17,640 Speaker 1: through a Senate committee after he was derailed for that 638 00:36:17,760 --> 00:36:20,200 Speaker 1: Supreme Court Justice position. But of course, you know, the 639 00:36:20,200 --> 00:36:22,960 Speaker 1: president administration are are running high. Fifty days in and 640 00:36:22,960 --> 00:36:24,920 Speaker 1: you're going to see the president, I think with the 641 00:36:25,080 --> 00:36:29,040 Speaker 1: forward looking speeches aids are talking about it for tomorrow 642 00:36:29,120 --> 00:36:32,120 Speaker 1: night's primetime address to the country from the Oval Office, 643 00:36:32,800 --> 00:36:35,120 Speaker 1: well tacos into the sound on this from President Biden 644 00:36:35,280 --> 00:36:37,640 Speaker 1: from the American and J and J meeting. Here is 645 00:36:39,080 --> 00:36:42,799 Speaker 1: we're seeing two health companies, competitors each with over one 646 00:36:43,000 --> 00:36:46,319 Speaker 1: hundred and thirty years of experience, coming together to help 647 00:36:46,320 --> 00:36:50,040 Speaker 1: write a more hopeful chapter in our battle against COVID nineteen. 648 00:36:50,960 --> 00:36:53,360 Speaker 1: How how im presidented is this for? From merkan j 649 00:36:53,520 --> 00:36:56,840 Speaker 1: and j Rick Davis. You know, I think in times 650 00:36:57,000 --> 00:37:00,359 Speaker 1: of critical national need, like during wartime and things like that, 651 00:37:00,400 --> 00:37:04,560 Speaker 1: companies tend to set aside their competitive interests and and 652 00:37:04,719 --> 00:37:07,680 Speaker 1: pull one for the country. Uh. This is clearly a 653 00:37:07,719 --> 00:37:11,480 Speaker 1: big deal because it's a life saving measure, uh domestically, 654 00:37:11,560 --> 00:37:13,560 Speaker 1: and and and I think you know, both companies should 655 00:37:13,600 --> 00:37:16,960 Speaker 1: be given kudos for being able to collaborate like this, 656 00:37:17,080 --> 00:37:20,200 Speaker 1: and and and I'm and good for the Biden administration 657 00:37:20,719 --> 00:37:23,080 Speaker 1: to really it's a teaching moment, right, I mean, like 658 00:37:23,200 --> 00:37:25,440 Speaker 1: we can all pull together as Americans, whether you're a 659 00:37:25,480 --> 00:37:29,040 Speaker 1: Republican or Democrat, whether you're you know, one company versus 660 00:37:29,080 --> 00:37:32,680 Speaker 1: another company and competition, because we do have a common 661 00:37:32,719 --> 00:37:37,239 Speaker 1: set of values that are worth defending. And so I 662 00:37:37,560 --> 00:37:40,719 Speaker 1: do think today, Uh just was a day steeped in 663 00:37:40,760 --> 00:37:45,839 Speaker 1: that um um Kevin mentioned the the the nomination and 664 00:37:46,040 --> 00:37:51,120 Speaker 1: confirmation of Marrick Garland. Seventy votes for Merrick Garland, who 665 00:37:51,160 --> 00:37:53,880 Speaker 1: could not even get an audience when he was nominated 666 00:37:53,880 --> 00:37:57,640 Speaker 1: for the Supreme Court. UM, lots of Republican support. Twenty 667 00:37:57,719 --> 00:38:01,440 Speaker 1: Republicans crossed the aisle and said, yeah, work for him. Uh, 668 00:38:01,560 --> 00:38:04,279 Speaker 1: we're not gonna We're not gonna play politics on this nomination. So, 669 00:38:04,320 --> 00:38:06,520 Speaker 1: I mean it was it was a brilliant day for 670 00:38:06,680 --> 00:38:09,959 Speaker 1: the Biden administration if the common theme was doing something 671 00:38:10,040 --> 00:38:12,960 Speaker 1: right for the country. Today, Marck Garland got more Republicans 672 00:38:12,960 --> 00:38:19,799 Speaker 1: support Kevin Walling than Republicans supported the stimulus. Yeah, exactly right. 673 00:38:19,800 --> 00:38:22,279 Speaker 1: I mean zero Republicans in both the House and House 674 00:38:22,320 --> 00:38:25,520 Speaker 1: and Senate actually supported it. UM, and you know he 675 00:38:25,560 --> 00:38:28,120 Speaker 1: picked up some key votes in the Senate committee to UM. 676 00:38:28,200 --> 00:38:31,120 Speaker 1: So again, I think it also will be a good 677 00:38:31,120 --> 00:38:34,880 Speaker 1: talking point for this administration UM as they move forward 678 00:38:34,960 --> 00:38:39,239 Speaker 1: into more treacherous territory when he comes to investigating the 679 00:38:39,280 --> 00:38:42,680 Speaker 1: previous administration, which is undoubtedly going to happen, whether it's 680 00:38:42,960 --> 00:38:46,200 Speaker 1: state's attorneys, you know, what have you. UM. The fact 681 00:38:46,280 --> 00:38:49,520 Speaker 1: that tony Republicans is Rick point out points out cross 682 00:38:49,560 --> 00:38:52,359 Speaker 1: party lines to support Merrick Arland, I think is going 683 00:38:52,400 --> 00:38:54,600 Speaker 1: to be helpful just in terms of the optics with 684 00:38:54,719 --> 00:38:58,440 Speaker 1: the Department of Justice going forward as well. Kevin Wawling, 685 00:38:58,560 --> 00:39:01,160 Speaker 1: I mean as you look for are I mean you 686 00:39:01,160 --> 00:39:04,120 Speaker 1: you I always see on Fox News, but you always, 687 00:39:04,280 --> 00:39:07,880 Speaker 1: uh you have your ear to to the right as 688 00:39:07,960 --> 00:39:11,759 Speaker 1: well as the left. How significant are the charges of 689 00:39:11,960 --> 00:39:15,440 Speaker 1: this stimulus bill being too much money? Are they resonating 690 00:39:15,440 --> 00:39:18,040 Speaker 1: with suburban Democrats or do they feel that the poll 691 00:39:18,120 --> 00:39:21,520 Speaker 1: suggests that the bill itself is so popular that it's 692 00:39:21,560 --> 00:39:24,080 Speaker 1: not going to be in effect. Yeah, I think I 693 00:39:24,080 --> 00:39:26,239 Speaker 1: think the merits of the bill. You know, you're seeing 694 00:39:26,239 --> 00:39:29,360 Speaker 1: the polling that's fairly consistent. Somewhere between thirty five and 695 00:39:29,480 --> 00:39:33,120 Speaker 1: fort of Republicans are still on board for the entirety 696 00:39:33,120 --> 00:39:35,920 Speaker 1: of the package the past. But you know, you you 697 00:39:36,000 --> 00:39:38,960 Speaker 1: ask the right wing audiences and they're more consumed, and 698 00:39:39,080 --> 00:39:41,120 Speaker 1: you know, you're I'm on Fox nearly every day that 699 00:39:41,280 --> 00:39:44,160 Speaker 1: we're talking about Dr SEUs, We're talking about Andrew Cuombo 700 00:39:44,239 --> 00:39:47,440 Speaker 1: and the and the merits of the investigation into uh, 701 00:39:47,520 --> 00:39:49,840 Speaker 1: you know, the different allegations that have been leveled against 702 00:39:49,840 --> 00:39:53,480 Speaker 1: the governor, and not much about COVID nineteen, this this 703 00:39:53,520 --> 00:39:57,000 Speaker 1: rescue package. So you know, I think you're gonna see 704 00:39:57,239 --> 00:40:00,520 Speaker 1: maybe that change of course is midterm po they already 705 00:40:00,560 --> 00:40:03,600 Speaker 1: start to come to fruition here. But again, I think 706 00:40:03,760 --> 00:40:06,960 Speaker 1: Republicans really lost out in their opportunity in terms of 707 00:40:07,000 --> 00:40:10,640 Speaker 1: gathering and galvanizing this movement against this bill, and it 708 00:40:10,680 --> 00:40:13,200 Speaker 1: was a little too late with Republican on its is 709 00:40:13,239 --> 00:40:15,400 Speaker 1: really focused on other things. But okay, but I have 710 00:40:15,520 --> 00:40:18,520 Speaker 1: to press you. I have to press you on this, 711 00:40:18,640 --> 00:40:21,160 Speaker 1: Kevin Rolling. And I'm always appreciati view coming on the program, 712 00:40:21,160 --> 00:40:23,320 Speaker 1: but I put this to every question, including at the 713 00:40:23,360 --> 00:40:26,359 Speaker 1: top of the show, to White House officials left right 714 00:40:27,160 --> 00:40:29,520 Speaker 1: over the past several weeks. There's nothing in this bill 715 00:40:29,719 --> 00:40:33,839 Speaker 1: for retraining workers. So, I mean, I'm thinking Adelco were 716 00:40:33,840 --> 00:40:36,560 Speaker 1: President Biden is headed next week on Tuesday. It was 717 00:40:36,600 --> 00:40:38,120 Speaker 1: just announced by the White House, and he's going to 718 00:40:38,120 --> 00:40:40,960 Speaker 1: tout the effects for the middle class that this bill has. 719 00:40:41,000 --> 00:40:43,920 Speaker 1: I get it, stimulus checks and whatnot. What about those 720 00:40:43,960 --> 00:40:47,239 Speaker 1: refinery workers who as a result of the Keystone pipeline 721 00:40:47,320 --> 00:40:50,759 Speaker 1: lost a job and are just expected now to be retrained, 722 00:40:51,080 --> 00:40:54,600 Speaker 1: but there's no effort for retraining. Is that? How does 723 00:40:54,640 --> 00:40:57,799 Speaker 1: that mesh? Yeah, it's a good point, keb I mean, 724 00:40:57,840 --> 00:41:00,600 Speaker 1: I think this package is a banned aid, right, I mean, 725 00:41:00,640 --> 00:41:04,400 Speaker 1: you've got supplemental food in insurance, you've got challenge tax 726 00:41:04,440 --> 00:41:07,440 Speaker 1: credits UM, and I think we we maybe have dropped 727 00:41:07,440 --> 00:41:09,319 Speaker 1: the ball when it comes to retraining when it comes 728 00:41:09,360 --> 00:41:12,880 Speaker 1: to vocational education UM. As part of this package, I 729 00:41:12,920 --> 00:41:14,759 Speaker 1: think is to repair a lot of the gaps were 730 00:41:14,760 --> 00:41:17,319 Speaker 1: seeing in the economy with what we need to put 731 00:41:17,400 --> 00:41:19,960 Speaker 1: in front of Americans, especially when it comes to when 732 00:41:19,960 --> 00:41:22,600 Speaker 1: it comes to UH internet access for children, when it 733 00:41:22,600 --> 00:41:25,279 Speaker 1: comes to again, as I said, access to nutrition and 734 00:41:25,320 --> 00:41:30,520 Speaker 1: food and raising. I mean, I hate to interrupt, n 735 00:41:30,680 --> 00:41:34,080 Speaker 1: exactly right, but you're absolutely right. And and keV, hopefully 736 00:41:34,160 --> 00:41:38,400 Speaker 1: that's part of this next pivots to infrastructure they're building, 737 00:41:38,840 --> 00:41:42,560 Speaker 1: then it won't just be building pipelines and windmills and 738 00:41:42,760 --> 00:41:48,120 Speaker 1: UM broadband, but will also involve vocational education as well. Yeah. No, 739 00:41:48,239 --> 00:41:51,560 Speaker 1: I think you've raised an important question, Kevin, because look, 740 00:41:51,600 --> 00:41:53,920 Speaker 1: at the end of the day, you don't want to 741 00:41:53,960 --> 00:41:57,800 Speaker 1: just pay people who are unemployed to stay unemployed. People 742 00:41:57,800 --> 00:42:00,400 Speaker 1: who are unemployed want to be employed. I have always 743 00:42:00,440 --> 00:42:03,520 Speaker 1: got that in go Ahead, especially this year, especially this 744 00:42:03,600 --> 00:42:06,200 Speaker 1: year going and and when we come out of the 745 00:42:07,360 --> 00:42:11,280 Speaker 1: public health crisis that we're in, the level playing field 746 00:42:11,320 --> 00:42:13,120 Speaker 1: is not going to be level. People who have survived 747 00:42:13,160 --> 00:42:16,240 Speaker 1: that with jobs, are gonna be able to recover quicker 748 00:42:16,280 --> 00:42:19,640 Speaker 1: than those families who are jobless. And so the question is, 749 00:42:20,160 --> 00:42:22,799 Speaker 1: are those hospitality jobs coming back, Are those commercial real 750 00:42:22,880 --> 00:42:25,960 Speaker 1: estate jobs coming back? You know, are the travel jobs 751 00:42:26,000 --> 00:42:28,800 Speaker 1: coming back? And you're gonna have right now ten million 752 00:42:28,880 --> 00:42:30,839 Speaker 1: people who are going to need a new job, and 753 00:42:30,920 --> 00:42:33,120 Speaker 1: all those jobs are not coming back right away, and 754 00:42:33,120 --> 00:42:34,919 Speaker 1: some may not come back at all. I know that's 755 00:42:34,920 --> 00:42:38,239 Speaker 1: not a popular opinions, but what do you do with 756 00:42:38,280 --> 00:42:41,160 Speaker 1: those folks? And you and if you do not dedicate 757 00:42:41,200 --> 00:42:45,120 Speaker 1: government resources, it's unlikely there's gonna be other resources that 758 00:42:45,200 --> 00:42:47,840 Speaker 1: you can find. And maybe at the state level, the 759 00:42:47,880 --> 00:42:50,360 Speaker 1: governors picked this up, all right, Yeah, it's it's a 760 00:42:50,440 --> 00:42:53,239 Speaker 1: really important point. Marches Women's History month of Bloomberg Radio 761 00:42:53,320 --> 00:42:55,000 Speaker 1: is looking back at some of those who have played 762 00:42:55,000 --> 00:42:57,480 Speaker 1: a vital role in American history. Here with today's installment 763 00:42:57,600 --> 00:43:00,560 Speaker 1: is Bloomberg's Need a Young On This Day in Women's 764 00:43:00,600 --> 00:43:04,839 Speaker 1: History in twent Los Angeles celebrates Susan and Cutty Day. 765 00:43:05,120 --> 00:43:08,040 Speaker 1: She's the first Asian American woman to join the U. S. 766 00:43:08,160 --> 00:43:12,400 Speaker 1: Navy and its first female gunnery officer. Cutty rose to 767 00:43:12,400 --> 00:43:15,000 Speaker 1: the rank of lieutenant She later worked for U. S. 768 00:43:15,080 --> 00:43:19,680 Speaker 1: Naval Intelligence, the Library of Congress, and the National Security Agency. 769 00:43:20,040 --> 00:43:22,720 Speaker 1: Cutty is also the daughter of the first married Korean 770 00:43:22,760 --> 00:43:26,680 Speaker 1: couple to immigrate to the US. She served during World 771 00:43:26,719 --> 00:43:30,399 Speaker 1: War Two. During the first Celebration of susan An Cutty Day, 772 00:43:30,560 --> 00:43:33,400 Speaker 1: she was one hundred years old, She said when the 773 00:43:33,400 --> 00:43:36,520 Speaker 1: war came, she was motivated to fight for freedom, and 774 00:43:36,560 --> 00:43:40,240 Speaker 1: it didn't matter whether she was Asian or not. During 775 00:43:40,239 --> 00:43:43,840 Speaker 1: her service, Cutty had to endure segregation and racism and 776 00:43:43,920 --> 00:43:46,800 Speaker 1: had to marry her Irish American husband on a naval 777 00:43:46,840 --> 00:43:50,200 Speaker 1: base because interracial marriages were against the law at the 778 00:43:50,280 --> 00:43:54,480 Speaker 1: time in Virginia. That's today in women's history. I'm rened 779 00:43:54,480 --> 00:43:59,160 Speaker 1: a young Bloomberg Radio and my thanks s you for listening, 780 00:43:59,160 --> 00:44:01,719 Speaker 1: My thanks to Rick David, to Kevin Walling. I'm still 781 00:44:01,719 --> 00:44:04,960 Speaker 1: thinking about Roger Mudd and Gwen Eiffel. I mean, they 782 00:44:05,080 --> 00:44:07,040 Speaker 1: they are these are just the legends that I grew 783 00:44:07,120 --> 00:44:11,400 Speaker 1: up with. Whatever happened to them, I'm Kevin surreally, this 784 00:44:11,560 --> 00:44:12,160 Speaker 1: is Bloomberg