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

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Speaker 1: A year and a week ago, we were here in

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Speaker 1: New York at the United Nations warning the world about

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Speaker 1: the impending Russian base. Prutin is the aggressor. Prutin chose

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Speaker 1: this war and now he and his country with burger consequence.

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Speaker 1: Yugraine did un full. Ugrain is alive and Keegan Bloomberg

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Speaker 1: sound on Politics, policy and perspective from DC's top name.

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Speaker 1: Ukrian is not asking anybody else to do their fighting

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Speaker 1: for them. They need to be able to go beyond

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Speaker 1: to push the Russians out of their territory, and they're

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Speaker 1: going to need air cover for that. Bloomberg Sound On

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Speaker 1: with Joe Matthew on Bloomberg Radio. It's been one year

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Speaker 1: and there is no end in sight. Welcome to the

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Speaker 1: fastest hour in politics as we mark the first anniversary

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Speaker 1: of the war in Ukraine. With thoughts from California Congressman

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Speaker 1: John Garamendi, who just returned from the region and he'll

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Speaker 1: be with us in a moment. Will also speak with

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Speaker 1: Evelyn Farkas, former Deputy Assistant Secretary of Defense for Russia

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Speaker 1: and Ukraine, now executive director of the McCain Institute, where

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Speaker 1: the conversation is already focusing on rebuilding and as the

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Speaker 1: debate over funding the war effort continues here in Washington,

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Speaker 1: we're joined by our signature panel for analysis. A year later,

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Speaker 1: Bloomberg Politics contributors Rick Davis and Jeanie Schanzano are with

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Speaker 1: us for the hour. One year later, and an important

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Speaker 1: meeting of the UN Security Council today where Secretary of

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Speaker 1: State Anthony B. Lincoln gave a big thumbs down if

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Speaker 1: I can say that on a proposed peace plan that

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Speaker 1: came from China. Yes, China, which shocker favors Russia in

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Speaker 1: the outcome. Here's the Secretary. Council members should not be

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Speaker 1: fooled by calls for a temporary or unconditional ceasefire. Russia

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Speaker 1: will use any pause in fighting to consolidate control over

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Speaker 1: the territory it's illegally seized and replenish his forces for

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Speaker 1: further attacks. That's what happened when Russia's first assault on

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Speaker 1: Ukraine froze in twenty fifteen, with a so called Spring

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Speaker 1: offensive already in the works. Here several of it's a

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Speaker 1: twelve point plan from Beijing, and several of them as

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Speaker 1: I mentioned, would certainly offer benefits to Vladimir Putin, not

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Speaker 1: a shocker. With the two countries in cooperation. The ceasefire

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Speaker 1: would freeze Russian troops in place on Ukrainian territory, and

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Speaker 1: would call to immediately end all sanctions not endorsed by

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Speaker 1: the UN Security Council, which again includes Russia and its

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Speaker 1: veto power. Our ambassador to the UN led to Thomas Greenfield,

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Speaker 1: today speaking to this divided body, if I can say

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Speaker 1: as much about the human toll of the past year, listen,

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Speaker 1: it is hard to overstate how much unnecessary anguish and

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Speaker 1: pain President Putin has caused. The bombing of kindergartens and

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Speaker 1: high schools and hospitals, the slaughters of innocent civilian well

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Speaker 1: guess what. Even holding a moment of silence for victims

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Speaker 1: of the conflict in Ukraine proved too difficult for the

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Speaker 1: Security Council. The Russian ambassador said, you're turning the Council

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Speaker 1: into your own instrument, objecting to a decision to let

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Speaker 1: Ukraine's foreign minister deliver a speech before the fifteen members

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Speaker 1: of the Security Council did so. An inauspicious start to

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Speaker 1: the meeting, as Courtney McBride writes today on the terminal,

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Speaker 1: we have a lot to talk about one year later

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Speaker 1: with Congressman John Garamendi. Of course, the Democrat from California

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Speaker 1: has been with us many times. In fact, the last

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Speaker 1: time he was with us, he had just returned from

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Speaker 1: a special codel to Taiwan. He has just now returned

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Speaker 1: from a journey to the Polish Ukrainian border, and Congressman

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Speaker 1: I thank you for sharing some time with us here

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Speaker 1: on this important first anniversary. Is it possible for Ukraine

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Speaker 1: to win this before you and I are talking about

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Speaker 1: the second anniversary? Quite possibly, quite possibly, if Russia is

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Speaker 1: unable to obtain weapons to replenish its depleted stock player

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Speaker 1: they've lost over half the tanks and over two hundred

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Speaker 1: thousand soldiers. It's possible, but we have to continue to

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Speaker 1: provide Ukraine all of the useful military equipment that it

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Speaker 1: needs to prosecute this war. And also we need to

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Speaker 1: continue to support Ukraine, keeping in mind that we're not

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Speaker 1: alone in this. NATO countries are in for as much

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Speaker 1: as we've in. We put in whatever amount of money

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Speaker 1: it is and whatever armaments. NATO countries have done a

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Speaker 1: similar amount and European Union also, so this coalition remains strong.

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Speaker 1: If we remain strong, we've got a chance of winning

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Speaker 1: this thing, either all out or add a very adentagious

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Speaker 1: negotiating situation. Your use of the term useful is important here.

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Speaker 1: Weapons that are useful to the effort, because Ukraine is

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Speaker 1: asking for everything. Congre when you know that, what's the

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Speaker 1: most useful thing we can give now, well, we must

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Speaker 1: continue to provide the heavy artillery, the long range rockets

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Speaker 1: that we presently have used, have given to them, and

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Speaker 1: continue to support the eastern naval countries that have Soviet

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Speaker 1: era make jet fighters which are quite good and are

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Speaker 1: useful to the Ukrainians. They know how to maintain, they

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Speaker 1: know how to fly them. But the countries are frankly

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Speaker 1: frightened to give those two Ukraine unless they can backfill

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Speaker 1: with war modern jets from the west. So it's kind

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Speaker 1: of like the issue with the tanks. Then we send

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Speaker 1: some F sixteens over that unlocks the MiGs that they

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Speaker 1: can start flying tomorrow. Is that right? Yeah? From those

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Speaker 1: Natal countries, that is correct, and they know how to

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Speaker 1: maintain them, they know how to fly them, and they're

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Speaker 1: quite good for the purposes there to send up sixteens

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Speaker 1: requires a significant maintenance program as well as a training program.

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Speaker 1: And similarly with the ABLEMS tanks, which are in and

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Speaker 1: of themselves extraordinary pieces of equipment, but again the maintenance

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Speaker 1: and the like. Now we are sending NATO tanks, German

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Speaker 1: Leopard tanks, the French and the United Kingdom tanks are

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Speaker 1: going and eventually, and I think far too late, but

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Speaker 1: eventually the Ablens tanks will arrive. The real question is

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Speaker 1: can we get these things, these heavy armaments, in place

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Speaker 1: by in time for Ukraine to conduct its own spring offensive.

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Speaker 1: And the answer I got from the military on our

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Speaker 1: journey last week is it can be done. It's a rush,

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Speaker 1: it's a significant challenge, but it is actually happening now,

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Speaker 1: and the question is will there be sufficient to deal

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Speaker 1: with that? Keeping in mind that right now Russia is

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Speaker 1: on the offense and frankly they're not doing very well.

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Speaker 1: They are making just incremental I mean like a hundred

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Speaker 1: yard advances and then style, so we'll see if they

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Speaker 1: abustion the dance continues to peter out, then that then

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Speaker 1: sets up Ukraine for its own offense, and that will

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Speaker 1: be very very critical in any negotiations if they are

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Speaker 1: to take place. Congressmen, you served on the Armed Services Committee,

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Speaker 1: your ranking member of the Subcommittee on Readiness. You have

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Speaker 1: a perspective that most people do not have. What are

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Speaker 1: your contacts on the ground telling you with regard to

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Speaker 1: a spring offensive? Has it in fact already begun? Well,

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Speaker 1: certainly the Russians have, and it's not going well for them.

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Speaker 1: They're just stalling out the Ukrainian spring of fancy. No,

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Speaker 1: it is not begun. They are very carefully, with good

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Speaker 1: planning and very good strategic and tactical thought and plans,

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Speaker 1: preparing for a spring of fancy. We don't know exactly

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Speaker 1: where it will be on the eight hundred mile front line,

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Speaker 1: and we don't really know, and if we didn't know,

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Speaker 1: we will not be telling anybody but the fact as

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Speaker 1: we don't know. But the equipment is flowing in. That's

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Speaker 1: one of the things we saw when we were in Poland,

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Speaker 1: where about eighty percent of equipment closed through Poland. We

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Speaker 1: were right at the border, a big seven forty seven

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Speaker 1: arrived as we did, and by the time we got

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Speaker 1: to the airfield and got off our own plane that

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Speaker 1: the munitions we're talking about heavy munitions one hundred and

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Speaker 1: fifty five millimeters artillery and rockets of all kinds was

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Speaker 1: on the tarmac and was being loaded onto various vehicles

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Speaker 1: to get into Ukraine and onto the front line. And

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Speaker 1: we looked at all the documentation. We followed it all

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Speaker 1: the way from the American Arsenals. Same things happening with

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Speaker 1: the Natal countries. This is great firsthand information that we

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Speaker 1: wouldn't be hearing from anyone else, Congressman. So they're using

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Speaker 1: the big cargo version of the seven four seven to

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Speaker 1: get stuff over there. John Kirby today talked about this

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Speaker 1: very effort. Weapons going in, but Ukrainian forces coming out

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Speaker 1: so we can train them. The spokesman of course for

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Speaker 1: the National Security Apparatus at the White House, Listen, we're

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Speaker 1: not wasting this time. We are taking battalions of the

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Speaker 1: Ukrainian soldiers out of Ukraine to a site outside the

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Speaker 1: country and training them on what we call combined arms maneuver.

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Speaker 1: This is really important, Congressman, and it's a it's a

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Speaker 1: massive training program that I know the Pentagon recently expanded.

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Speaker 1: Are we using our time wisely as we prepare for spring?

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Speaker 1: I think we are, And that's an example of it,

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Speaker 1: and it's not just the United States. The Natal countries

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Speaker 1: are doing the same. And this combined arms is really

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Speaker 1: not new to the Ukrainians. Obviously they significantly expanded their

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Speaker 1: army and military. But the United States has been in

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Speaker 1: Ukraine since two fourteen when Russia the first time that

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Speaker 1: was in Crimea in the Don Boston Eastern area. We

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Speaker 1: have been there back to the California National Guard and

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Speaker 1: other elements of National Guard around the nation have been

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Speaker 1: in Ukraine training their soldiers on how to use combined arms.

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Speaker 1: And this is air, it's artillery, armaments various and as

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Speaker 1: well as infantry. So all of that is underway, and

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Speaker 1: it is the rankly to build up together with the

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Speaker 1: arrival of the equipment for a spring fantasy that the

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Speaker 1: Russia knows it. So they're trying to get ahead. That

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Speaker 1: is Russia's trying to get ahead with its own offense.

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Speaker 1: But it's not going well for Russia. It hasn't gone

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Speaker 1: well for Russia from the get go. Here you just

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Speaker 1: came back from the region, and so did President Biden. Congressman,

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Speaker 1: I wonder how important you think it is having made

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Speaker 1: that journey already for more American politicians like yourself to

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Speaker 1: make the way to Kiev, to walk around with your

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Speaker 1: head high, even in the presence of Aird sirens. As

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Speaker 1: we saw with the President's trip this week, how important

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Speaker 1: is the American presence in Ukraine's capital. It's very, very important.

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Speaker 1: And many of my colleagues have gone this trip. We

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Speaker 1: were looking at a special part of it, that is

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Speaker 1: the throw of equipment. Yeah, we did not go into Ukraine,

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Speaker 1: but many of my colleagues have, and I think it's

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Speaker 1: very very important. I think the President's trip was absolutely

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Speaker 1: astounding and outstanding. He showed extraordinary leadership, standing with an

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Speaker 1: extraordinary leader, Selinski. These two men have really led the

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Speaker 1: way to think about this. When Donald Trump left office

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Speaker 1: two years and two months ago, NATO was really on

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Speaker 1: its knees. It really had been torpedoed by Trump, and

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Speaker 1: Trump basically dismissed it over and over and over again,

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Speaker 1: and United and the European Union similarly had lost faith

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Speaker 1: in America, and France and Germany were in the process

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Speaker 1: of putting together a different defense alliance because they at

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Speaker 1: that time believed that the United States would not stand

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Speaker 1: with them. So Biden comes along and within one year

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Speaker 1: had reassembled the strongest alliance in the world, not just

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Speaker 1: natal at all, of the European Union and wisely allowed

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Speaker 1: the European countries to go first, and cemented in place

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Speaker 1: an extraordinary alliance of a hundred and forty countries around

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Speaker 1: the world that are that are opposed both politically and

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Speaker 1: in many many cases with money and armaments to help

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Speaker 1: Ukraine fight its battle for its freedom and its democracy. Congressman,

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Speaker 1: I appreciate you're making the journey and sharing some of

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Speaker 1: it with us. Thank you for being with us today.

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Speaker 1: John Garamendi, the Democrat from California on the Armed Services Committee,

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Speaker 1: with a firsthand view of the billions of dollars in

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Speaker 1: weaponry we are sending to Ukraine and that critical crossing

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Speaker 1: point in Poland. We want to assemble the panel. We're

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Speaker 1: going to spend the rest of the hour with Rick

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Speaker 1: Davis and Jeannie Chanzano Bloomberg Politics contributors who were with us,

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Speaker 1: of course on this day one year ago. Your thoughts today, Rick,

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Speaker 1: knowing that this was supposed to be over in five days,

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Speaker 1: Remember Kiev was going to fall when Vladimir Putin railroaded

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Speaker 1: through Kiev. Yeah, this is one of the things I've

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Speaker 1: been most impressed by President Zelinski, who's had every earlier

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Speaker 1: in the weeks, had every analyst that had predicted what

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Speaker 1: was going to happen during the course of this last year,

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Speaker 1: not just the first five days, has been wrong. This

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Speaker 1: has been probably the most poorly forecast battle in history

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Speaker 1: and has now become the largest war ground war in

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Speaker 1: Europe since World War Two. So there's it's not like

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Speaker 1: you could miss it. So I think this is probably

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Speaker 1: the same alixir that we're going to have for this year, right,

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Speaker 1: I mean, like, if you believe you know what's going

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Speaker 1: to happen as an outcome by twenty twenty three, forget it,

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Speaker 1: because everybody was wrong in twenty two, and nobody's gotten

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Speaker 1: any better at it this year than they were last year. Genie,

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Speaker 1: let's talk about this piece plan offered by China. What

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Speaker 1: is Beijing trying to do here? Is this kind of

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Speaker 1: a favor. Did Vladimir Putin ask them to do this

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Speaker 1: so he could regroup for an offensive or actually does

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Speaker 1: he want them to bring this to some sort of

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Speaker 1: an end that saves the don boss in crimea for Russia? No,

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Speaker 1: you know, I think China is doing what it's doing

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Speaker 1: in its own best interest, and of course Vladimir Putin

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Speaker 1: is trying to wait this out. He is looking quite

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Speaker 1: frankly at the split screens, for instance, we see in

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Speaker 1: the US, and not just the US between East Palestine

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Speaker 1: and Ukraine, but across Europe, and he is saying to himself,

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Speaker 1: if I can hold out as long as it takes,

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Speaker 1: is what the president said. But that's also what President

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Speaker 1: he has of watching this allied force collapse under domestic pressure,

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Speaker 1: and he then will have his win. So I don't

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Speaker 1: think China is doing this for Russia. I think China

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Speaker 1: is doing what it feels it's in its best interest,

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Speaker 1: which is some kind of negotiated peace that favors Russia.

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Speaker 1: And of course that's not something that NATO or the

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Speaker 1: United States is going to accept, or certainly Ukraine. Listen

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Speaker 1: to Anthony B. Lincoln today again before the UN Security Council,

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Speaker 1: describing the toll this is taken on Russia. Russia is lost,

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Speaker 1: by public accounts, either killed or wounded, two hundred thousand people.

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Speaker 1: A million Russians have fled the country since last February,

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Speaker 1: including the most educated, the best, and the brightest. I

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Speaker 1: know one guy who is right about the Russian military

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Speaker 1: a year ago, and it was Rick Davis when he said,

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Speaker 1: don't believe what you're hearing from Moscow. This is a

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Speaker 1: group known for drunkenness and sloth. That's a direct quote Rick.

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Speaker 1: What's left in the Russian military, Well, I mean conscripts, prisoners.

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Speaker 1: We hear every day of Russian prisoners being either captured

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Speaker 1: or fled the Russian ranks, and who are talking out

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Speaker 1: loud about the dismal conditions that exist within the Russian military.

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Speaker 1: And I would say too, I mean, just a note

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Speaker 1: about China's motivations. Yeah, I mean Ladim Putin was supposed

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Speaker 1: to be having a big day this week. He was

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Speaker 1: supposed to be talking about all these victories that he's

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Speaker 1: not getting. So he needs all the high cover he

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Speaker 1: can get. Rick Davis and Jeannie Chanzano. We add next

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Speaker 1: the voice of doctor Eveldon Farcas from the McCain Institute

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Speaker 1: on the idea of rebuilding on this first anniversary. This

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Speaker 1: is Bloomberg. You're listening to the Bloomberg Sound on podcast.

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Speaker 1: Catch us live weekdays at five Eastern on Bloomberg dot Com,

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Speaker 1: the I Heart Radio app, and the Bloomberg Business App.

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Speaker 1: We're listening on demand wherever you get your podcast. A

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Speaker 1: year and a week ago, we were here in New

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Speaker 1: York of the United Nations, warning the world about the

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Speaker 1: impending Russian invasion and of course laying out how it

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Speaker 1: would happen. And that's exactly what happened. Here we are

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Speaker 1: now a year later. Ukraine is still standing, it remains free,

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Speaker 1: it remains independent. It is hard to overstate how much

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Speaker 1: unnecessary anguish and pain President Putin has caused, the bombing

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Speaker 1: of kindergartens and high schools and hospitals, the slaughters of

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Speaker 1: innocent civilians. This war has no timeline. It has only

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Speaker 1: the result in the end, and that's victory because we

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Speaker 1: stand for the right cause, we defend ourselves. We're liberating

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Speaker 1: our territory. You look at the timeline for the year,

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Speaker 1: when does the weather start improving for either the Russians

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Speaker 1: to conduct an offensive where the Ukrainians to beat them

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Speaker 1: to the punch. It's a war and there's give and take,

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Speaker 1: there's action, reaction and counteraction. But despite being outgunned, an

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Speaker 1: out man. Ukrainians have demonstrated superior tactical efficiency, and they've

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Speaker 1: demonstrated a superior will to fight, you know, for devitt

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Speaker 1: to be able to defeat Galia. David nitz A Slink.

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Speaker 1: Ukraine clearly believes that it can win, and so does

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Speaker 1: everyone here. And that is the message today from Voladimir Zelenski,

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Speaker 1: one year into the war, saying, quote, I am sure

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Speaker 1: there will be victory. Speaking to reporters, I would like

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Speaker 1: it this year. He said, we have everything for this.

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Speaker 1: Does Ukraine have everything for this? Because there's an ask

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Speaker 1: for a lot more. And that's where we begin our conversation,

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Speaker 1: an important one with doctor Eveldon Farkas, executive director of

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Speaker 1: the McCaine Institute, former Deputy Assistant Secretary of Defense for

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Speaker 1: Russia Ukraine in Eurasia. Eveldin, thanks for being with us

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Speaker 1: on Bloomberg. Well, thank you so much, Joe. It's a

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Speaker 1: pleasure to be here, our pleasure to have you. Your

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Speaker 1: message has been consistent. Time is not on Ukraine's side.

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Speaker 1: You were saying that months ago. As we mark one year,

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Speaker 1: will it be possible for Ukraine to win this war

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Speaker 1: without fighter jets or without the long range missiles that

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Speaker 1: they continue to ask for. It's possible. It's not impossible,

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Speaker 1: but it's a whole lot probable that they can win

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Speaker 1: the war if they get those weapons. They need the weapons,

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Speaker 1: not just to defend what they have right now, Joe,

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Speaker 1: but frankly, they need to be able to go beyond

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Speaker 1: to push the Russians out of their territory, and they're

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Speaker 1: going to need air cover for that, and they're going

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Speaker 1: to need artillery that ranges farther into and behind Russian lines.

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Speaker 1: It's been said that US could train Ukrainians on F

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Speaker 1: sixteens and a couple of weeks time, maybe a month

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Speaker 1: or two, as they already know how to fly the

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Speaker 1: Russian made mid twenty nine. Is that accurate? I've heard

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Speaker 1: different ranges so, and since I'm not an actual F

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Speaker 1: sixteen pilot, I'm going to defer the question. But I

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Speaker 1: think what we have seen all along is that every

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Speaker 1: time there was a long sort of the normal timeframe

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Speaker 1: that you need to t regular troops in peace time,

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Speaker 1: the Ukrainians have shown that in wartime, highly motivated troops

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Speaker 1: can learn faster. So I'm sure that we can get

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Speaker 1: them trained faster. And frankly, you know, Joe, I wouldn't

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Speaker 1: be surprised if somewhere we are actually training Ukrainians on

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Speaker 1: F sixteens on other fighters. It's interesting you say that

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Speaker 1: because there's been a call recently to start training them now.

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Speaker 1: Figure out if you want to give them the jets later,

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Speaker 1: but start training them now, because this is going to

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Speaker 1: take a minute. And it sounds like you agree. I

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Speaker 1: agree one hundred percent. And as I said, it's not

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Speaker 1: out of the realm of the possible that we are

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Speaker 1: already doing that for the Ukrainians. You know, we don't

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Speaker 1: have to tell the world what we're doing all the

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Speaker 1: time ahead of time, so but I do think that

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Speaker 1: it would really be a game changer for the Ukrainians.

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Speaker 1: I have an op ed coming out on this subject.

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Speaker 1: My co author is General David Deptula, one of those

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Speaker 1: Air Force fighter pilots who could answer that question more

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Speaker 1: accurately than I can. He's been great actually sharing his

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Speaker 1: views and guiding us through this past year, and you're

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Speaker 1: certainly keeping good company in your op ed. Without these weapons, Evelyn,

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Speaker 1: does that simply prolong a war of attrition? Yes? And

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Speaker 1: I mean, ultimately what we want for Ukraine is to win,

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Speaker 1: to push the Russians out of their territory. Short of that,

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Speaker 1: we want them to have the strongest hand in negotiations

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Speaker 1: when and if the Russians are serious about negotiations. So

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Speaker 1: it's all about helping the Ukrainians and helping them get

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Speaker 1: to that point as fast as possible, because until the

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Speaker 1: Russians decide they want to sue for peace, either because

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Speaker 1: they've been run out of Ukraine or they realize they're

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Speaker 1: going to lose, the Ukrainians are going to lose people,

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Speaker 1: and every day that the war goes on there's a

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Speaker 1: greater risk that it could spread, you know, frankly, to

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Speaker 1: other countries in the region and even to NATO. So

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Speaker 1: there are questions about what's going to be different about

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Speaker 1: the second year. Is that something the administration needs to

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Speaker 1: start answering. I think they have answered it, frankly, with

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Speaker 1: the new equipment that they have given Ukraine. Don't forget

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Speaker 1: it was pretty recent that they proved handing tanks or

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Speaker 1: giving tanks to Ukrainians, and that is part of the

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Speaker 1: equation when you think about Ukraine taking the offensive. The

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Speaker 1: air is also important. That's why, of course, myself in general,

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Speaker 1: Diptula and others are urging for fighter planes, but the

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Speaker 1: tanks are absolutely essential so that the Ukrainian forces can

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Speaker 1: defend themselves as they move forward. So in addition to that,

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Speaker 1: of course, we've provided longer range although not quite as

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Speaker 1: long as the Ukrainians want artillery, and you know, we

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Speaker 1: are providing better air defense as well. So those things

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Speaker 1: will change the nature of the war and provide a

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Speaker 1: lot of advantage to the Ukrainian forces, Make no mistake,

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Speaker 1: but just that the additional pieces that are missing are

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Speaker 1: the air cover and the longer range artillery. As I mentioned,

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Speaker 1: you spent enough time with the Pentagon to probably have

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Speaker 1: a sense of what people are thinking there. How much

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Speaker 1: of this is the White House versus the Defense Department.

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Speaker 1: Do you get a sense of whether there's any sunlight

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Speaker 1: in between the two to do military leaders want to

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Speaker 1: send this equipment. Actually, what's interesting, Joe, is that I

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Speaker 1: think they're pretty closely aligned right now, and the reason

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Speaker 1: for that has to do with what they started talking

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Speaker 1: about publicly and we're only talking about privately before, which

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Speaker 1: is our defense industrial base and our need to maintain

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Speaker 1: our deterrence of Russia. Now, of course, with the second one,

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Speaker 1: you can argue that Ukraine is fighting for US and

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Speaker 1: weakening Russia, but we still want to de Russia from

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Speaker 1: thinking that they can take advantage of NATO of any

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Speaker 1: other NATO country militarily. So we need to make sure

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Speaker 1: that we are fully equipped, that we have all the

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Speaker 1: weapons we need. And because of the defense industrial base,

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Speaker 1: this part that they've started talking about now, the fact

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Speaker 1: that our companies take a long time to manufacture. They

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Speaker 1: have been doing, you know, they really have been well.

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Speaker 1: Our government has been and the DoD has been taking

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Speaker 1: from inventory. They've started now manufacturing and started to try

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Speaker 1: to get the production lines going. But the whole procurement process,

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Speaker 1: the whole situation is such that we are far from

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Speaker 1: a wartime footing, yet indirectly we are at war right now. Evelyn,

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Speaker 1: your McCain institute hosted a meeting earlier this month, a

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Speaker 1: meeting of what you're calling the Ukraine Business Alliance. You've

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Speaker 1: pulled together executives from the defense and tech industries, from government,

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Speaker 1: military leaders from Ukraine and the US to talk about

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Speaker 1: rebuilding Ukraine. How do you talk about rebuilding when people

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Speaker 1: are still dying every day in this war. Well, I

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Speaker 1: think what we realize with these defense tech companies and

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Speaker 1: tech companies. They're often not in the room when the

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Speaker 1: Defense Department is talking about the war, when the State Department,

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Speaker 1: Defense Department and other agencies are talking about reconstruction. And

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Speaker 1: these companies can actually help Ukraine leap frog ahead. They

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Speaker 1: can help with accountability, with eliminating corruption. They can create

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Speaker 1: smarter cities, you know, just using their technology. So I

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Speaker 1: think that and frankly, we have to plan for reconstruction. Now.

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Speaker 1: If you watch the media, because we're in the one

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Speaker 1: year anniversary, recently, one of the networks was showing footage

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Speaker 1: they had a reporter on the ground in Bucha. If

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Speaker 1: you remember Bucha, that was one of the towns that

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Speaker 1: where the Russians committed horrendous human rights atrocities and where

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Speaker 1: the public first saw firsthand, but they also destroyed the

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Speaker 1: infrastructure there. Well, Bucha is already being rebuilt. These places

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Speaker 1: in Ukraine, they're not waiting, and I think what we

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Speaker 1: want to do is make sure that they rebuild. To

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Speaker 1: use Biden's phrase better. So if we're going to do it,

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Speaker 1: you know anywhere, let's start Ukraine. We might learn a

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Speaker 1: few things that we can also apply here, which, by

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Speaker 1: the way, is the case also when it comes to

430
00:25:48,880 --> 00:25:53,080
Speaker 1: the battlefield, well, we use money from Russia, maybe oil money.

431
00:25:53,119 --> 00:25:56,320
Speaker 1: However we get it material that's been seized to help

432
00:25:56,359 --> 00:26:00,240
Speaker 1: pay for the reconstruction of Ukraine. They're a whole most

433
00:26:00,240 --> 00:26:02,879
Speaker 1: of lawyers looking at this issue, government lawyers looking at

434
00:26:02,920 --> 00:26:05,840
Speaker 1: this issue right now. I know that the Ukrainian government,

435
00:26:05,880 --> 00:26:08,159
Speaker 1: that our government would very much like to do that.

436
00:26:08,400 --> 00:26:10,800
Speaker 1: And frankly, you know, if you talk to Russian dissidents

437
00:26:11,160 --> 00:26:13,080
Speaker 1: those of course who are not in power right now,

438
00:26:13,119 --> 00:26:15,439
Speaker 1: they say, look, we owe it to Ukraine, so we

439
00:26:15,520 --> 00:26:18,560
Speaker 1: probably should use some of our sovereign funds to do that.

440
00:26:19,080 --> 00:26:22,760
Speaker 1: They destroyed the country, so I think part of the

441
00:26:22,800 --> 00:26:26,800
Speaker 1: cost will be borne by the Russian government absolutely, at

442
00:26:26,880 --> 00:26:30,800
Speaker 1: least the yacht Zeveln. Yes, take those yachts. I think

443
00:26:30,800 --> 00:26:34,119
Speaker 1: it's a really important conversation that you're having already at

444
00:26:34,119 --> 00:26:37,480
Speaker 1: the McCain Institute, that we'll be hearing about around the country.

445
00:26:37,520 --> 00:26:40,200
Speaker 1: We like to think months or maybe a year from now,

446
00:26:40,320 --> 00:26:42,720
Speaker 1: when we see some light at the end of the tunnel. Here.

447
00:26:43,080 --> 00:26:46,680
Speaker 1: Elton Farcas, the executive director of the McCain Institute, many

448
00:26:46,680 --> 00:26:49,280
Speaker 1: thanks for being with us today on Bloomberg. Thanks so much. Joe,

449
00:26:49,720 --> 00:26:52,080
Speaker 1: let's play this to the panel. Rick Davis, of course

450
00:26:52,440 --> 00:26:57,880
Speaker 1: closely associated with the McCain Institute, and Jeanie Schanzano. Rick,

451
00:26:57,920 --> 00:27:00,879
Speaker 1: you know, when you start talking about rebuilding, there's almost

452
00:27:00,880 --> 00:27:05,439
Speaker 1: a moral component to this conversation. It feels cold to

453
00:27:05,480 --> 00:27:09,200
Speaker 1: bring it up. But when you consider this idea, it's

454
00:27:09,520 --> 00:27:12,560
Speaker 1: it's something that we probably owe the Ukrainians to start

455
00:27:12,600 --> 00:27:15,760
Speaker 1: talking about. Now, do you agree? Yeah? Absolutely. I think

456
00:27:15,760 --> 00:27:18,720
Speaker 1: the point that Evelyn's making is they're already rebuilding. They're

457
00:27:18,720 --> 00:27:20,760
Speaker 1: not waiting for us to get in a conversation with them.

458
00:27:20,840 --> 00:27:24,199
Speaker 1: They have an obligation to you know, house their country,

459
00:27:24,240 --> 00:27:26,640
Speaker 1: to feed their country, to you know, put people back

460
00:27:26,680 --> 00:27:29,679
Speaker 1: to work. A lot of reports coming out of you know, Kieva,

461
00:27:30,000 --> 00:27:32,119
Speaker 1: the street lights are back on. I mean, you know,

462
00:27:32,160 --> 00:27:34,080
Speaker 1: life is beginning to go again. You can get a

463
00:27:34,080 --> 00:27:37,640
Speaker 1: reservation in a restaurant. I think this is a really

464
00:27:37,760 --> 00:27:41,000
Speaker 1: important component that President Zelenski has done and said, we're

465
00:27:41,040 --> 00:27:42,680
Speaker 1: not going to wait till this war ends. We don't

466
00:27:42,720 --> 00:27:44,120
Speaker 1: know when the war is going to end, so we're

467
00:27:44,119 --> 00:27:46,840
Speaker 1: going to continue to have life as Ukrainians the best

468
00:27:46,920 --> 00:27:50,200
Speaker 1: that we can. And so I do think that there's

469
00:27:50,200 --> 00:27:52,520
Speaker 1: a real focus on that in Ukraine, and I think

470
00:27:52,520 --> 00:27:54,360
Speaker 1: the rest of the world needs to come to their aid.

471
00:27:54,359 --> 00:27:56,639
Speaker 1: I mean, obviously there's a lot of economic aid in

472
00:27:56,680 --> 00:27:59,760
Speaker 1: addition to security aid going into Ukraine, and I think

473
00:27:59,800 --> 00:28:01,480
Speaker 1: that needs to be the focus of a lot of

474
00:28:01,480 --> 00:28:04,600
Speaker 1: our attensition. We only ever talk about missiles and F

475
00:28:04,720 --> 00:28:06,760
Speaker 1: sixteens and things like that, and of course, you know,

476
00:28:06,800 --> 00:28:09,480
Speaker 1: we want to see those things in Ukraine so that

477
00:28:10,000 --> 00:28:11,960
Speaker 1: so that Zalnski can fight the war and the best

478
00:28:12,000 --> 00:28:15,880
Speaker 1: he can. But part of that too is making sure

479
00:28:15,920 --> 00:28:19,280
Speaker 1: his homeland is healthy, and that is rebuilding their economy

480
00:28:19,320 --> 00:28:22,080
Speaker 1: and their cities and their towns. So, Genie, I feel

481
00:28:22,119 --> 00:28:24,240
Speaker 1: like we've we've reached the chewy center here. As a

482
00:28:24,240 --> 00:28:27,000
Speaker 1: good friend of mine likes to say, this is the

483
00:28:27,040 --> 00:28:30,560
Speaker 1: important conversation that you know, we have to mark the

484
00:28:30,600 --> 00:28:33,080
Speaker 1: occasion here. There's going to be a lot of retrospectives.

485
00:28:33,480 --> 00:28:36,240
Speaker 1: There'll be some challenging interviews, I suspect, and some very

486
00:28:36,280 --> 00:28:40,320
Speaker 1: difficult memories. But rebuilding. We made it to this one

487
00:28:40,400 --> 00:28:42,680
Speaker 1: year mark. Rebuilding has to be part of the conversation

488
00:28:42,760 --> 00:28:46,640
Speaker 1: now it does. But of course when you talk about rebuilding,

489
00:28:46,720 --> 00:28:50,240
Speaker 1: you have to have a conversation that brings for us

490
00:28:50,360 --> 00:28:54,000
Speaker 1: the American public along, and this is where I think

491
00:28:54,080 --> 00:28:57,200
Speaker 1: we have to start. Well, we have to start to

492
00:28:57,240 --> 00:29:01,800
Speaker 1: hear more about what our role is in supporting Ukraine,

493
00:29:01,880 --> 00:29:04,880
Speaker 1: both in its war effort and getting Russia out and

494
00:29:04,920 --> 00:29:07,680
Speaker 1: then in the rebuilding process. And that's got to come

495
00:29:07,760 --> 00:29:10,560
Speaker 1: from leaders at the top. And this is why when

496
00:29:10,600 --> 00:29:13,560
Speaker 1: we look at the polls and we see some drop off,

497
00:29:13,680 --> 00:29:16,440
Speaker 1: particularly among the right, they're still an awful lot of

498
00:29:16,480 --> 00:29:20,200
Speaker 1: support for Ukraine, but drop off in terms of you know,

499
00:29:20,600 --> 00:29:23,800
Speaker 1: when does this end? How much more of billions are

500
00:29:23,840 --> 00:29:26,880
Speaker 1: we going to give? It is incumbent on the president

501
00:29:26,920 --> 00:29:29,880
Speaker 1: to stand up and tell the American public why it's

502
00:29:29,920 --> 00:29:33,200
Speaker 1: in our interest to get Russia out and our interest

503
00:29:33,320 --> 00:29:36,600
Speaker 1: to rebuild or help in the rebuilding process over there.

504
00:29:36,880 --> 00:29:39,680
Speaker 1: And that's what I think we haven't heard enough of

505
00:29:40,000 --> 00:29:42,800
Speaker 1: answers to the questions of people who say, why is

506
00:29:42,800 --> 00:29:44,800
Speaker 1: it in our interest to be there? You've got to

507
00:29:44,840 --> 00:29:47,840
Speaker 1: address those people, not just the people talking about the

508
00:29:47,880 --> 00:29:52,440
Speaker 1: ideological component and autocracy versus democracy, but the hardcore money,

509
00:29:52,680 --> 00:29:56,440
Speaker 1: the hardcore strategic interest that we have in a country

510
00:29:56,480 --> 00:29:59,960
Speaker 1: that most Americans have never been to. Okay, I understood,

511
00:30:00,360 --> 00:30:02,600
Speaker 1: but rick are we talking about taxpayer money. Are we

512
00:30:02,600 --> 00:30:06,720
Speaker 1: talking about funneling Russian money and using private money as

513
00:30:06,720 --> 00:30:11,080
Speaker 1: well potentially uh to profit to rebuild Ukraine. Oh, I

514
00:30:11,360 --> 00:30:14,120
Speaker 1: think all of the above, the coalition that has been

515
00:30:14,120 --> 00:30:17,360
Speaker 1: built out of the McCain Institute, or private companies that

516
00:30:17,440 --> 00:30:20,440
Speaker 1: are talking about how they can especially apply their tech

517
00:30:20,520 --> 00:30:26,320
Speaker 1: capability to rebuild a smarter, more efficient u Ukraine. I

518
00:30:26,640 --> 00:30:29,920
Speaker 1: think that the US government, given billions of dollars already

519
00:30:29,960 --> 00:30:33,600
Speaker 1: to economic assistance, is going to have to be looking at,

520
00:30:33,640 --> 00:30:35,960
Speaker 1: you know, in a in a current environment, how to

521
00:30:36,040 --> 00:30:38,680
Speaker 1: maintain that. And of course, as Genie likes to point out,

522
00:30:38,720 --> 00:30:43,040
Speaker 1: there's a growing trend within the electorate to UH not

523
00:30:43,160 --> 00:30:46,680
Speaker 1: have as much enthusiasm towards you know, US government spending

524
00:30:47,320 --> 00:30:49,360
Speaker 1: in Ukraine as there is. And of course the Europeans

525
00:30:49,360 --> 00:30:52,040
Speaker 1: are a big part of this. There are partners, they've

526
00:30:52,120 --> 00:30:56,160
Speaker 1: shared the burden of spending both on security assistance and

527
00:30:56,920 --> 00:30:59,880
Speaker 1: in the economy and UH and that conversation has to

528
00:30:59,920 --> 00:31:02,160
Speaker 1: be sort of step by step with with with them

529
00:31:02,200 --> 00:31:04,200
Speaker 1: involved with to give us a sense the rick what

530
00:31:04,280 --> 00:31:07,360
Speaker 1: you're learning at the institute about the types of are

531
00:31:07,360 --> 00:31:11,720
Speaker 1: we talking about cloud companies, software companies, telecoms. Where's where's

532
00:31:11,760 --> 00:31:14,680
Speaker 1: the tech going to be useful for Ukraine? Well, we

533
00:31:14,720 --> 00:31:17,000
Speaker 1: already see it quite a bit in the news just

534
00:31:17,200 --> 00:31:21,360
Speaker 1: around uh startling's contribution to the coms that are going on.

535
00:31:21,400 --> 00:31:23,959
Speaker 1: And it's not just to be ability for troops and

536
00:31:24,280 --> 00:31:28,200
Speaker 1: the government to talk. You know, Russia has basically wiped

537
00:31:28,240 --> 00:31:32,520
Speaker 1: out their domestic telecommunications capability, but um, but it's also

538
00:31:32,600 --> 00:31:36,320
Speaker 1: the ability to just communicate domestically within the country and

539
00:31:36,360 --> 00:31:39,440
Speaker 1: so that's been a huge help. And uh and and

540
00:31:39,480 --> 00:31:42,440
Speaker 1: I would say other companies like Palletteer who are a

541
00:31:43,040 --> 00:31:46,920
Speaker 1: data company that have gone into Ukraine as a private

542
00:31:47,080 --> 00:31:50,840
Speaker 1: company willing to help out to enhance their use of

543
00:31:51,360 --> 00:31:55,080
Speaker 1: ai US both on the battlefield and also in the

544
00:31:55,080 --> 00:31:57,680
Speaker 1: way they're running their government. And we're actually getting a

545
00:31:57,720 --> 00:32:03,280
Speaker 1: lot of really incredible experience and data around how ai

546
00:32:03,480 --> 00:32:06,560
Speaker 1: on a battlefield is being applied and whether or not

547
00:32:06,800 --> 00:32:10,320
Speaker 1: there's an ethical innovation that occurs at the same time

548
00:32:10,320 --> 00:32:12,960
Speaker 1: that we're using this high technology that freaks me out.

549
00:32:13,000 --> 00:32:15,360
Speaker 1: Just to think about Genie. You think Elon Musk shows

550
00:32:15,440 --> 00:32:18,400
Speaker 1: up for this little project. I think if it's in

551
00:32:18,480 --> 00:32:21,120
Speaker 1: his interest, he will. And you know that turning the

552
00:32:21,120 --> 00:32:24,160
Speaker 1: satellites on and off. Right, he turns him on and off.

553
00:32:24,200 --> 00:32:27,400
Speaker 1: But you know, the reality is, and there's great statistics

554
00:32:27,400 --> 00:32:29,240
Speaker 1: as you go back through the wars that we have

555
00:32:29,320 --> 00:32:32,200
Speaker 1: been a part of that we do are and I

556
00:32:32,240 --> 00:32:35,400
Speaker 1: say we, I mean private corporations, private companies in the

557
00:32:35,480 --> 00:32:40,080
Speaker 1: US do benefit from going in and rebuilding in places

558
00:32:40,160 --> 00:32:43,120
Speaker 1: where the US military has been. But it's not a

559
00:32:43,120 --> 00:32:45,800
Speaker 1: conversation we hear about. And that's what I mean. All

560
00:32:45,880 --> 00:32:49,480
Speaker 1: we hear is we have given thirty billion dollars, but

561
00:32:49,600 --> 00:32:53,000
Speaker 1: we don't hear about what we recoup in terms of

562
00:32:53,040 --> 00:32:56,480
Speaker 1: the economics that come back and the rebuilding that occurs.

563
00:32:56,480 --> 00:33:00,000
Speaker 1: So it's an important conversation, but it's a hard conversation

564
00:33:00,040 --> 00:33:04,080
Speaker 1: and to have when people are dying. Eight million people displaced,

565
00:33:04,160 --> 00:33:06,840
Speaker 1: women and children, ninety percent of those you know, as

566
00:33:06,840 --> 00:33:09,840
Speaker 1: you were talking with Evelyn and talking to representatives, hundreds

567
00:33:09,840 --> 00:33:13,120
Speaker 1: of thousands of Ukrainians and Russians lost. So it's a

568
00:33:13,160 --> 00:33:16,360
Speaker 1: hard conversation to have. But the reality is the questions

569
00:33:16,400 --> 00:33:19,880
Speaker 1: being asked. The transactional argument is important to have, but

570
00:33:19,960 --> 00:33:21,680
Speaker 1: you've got to figure out how to weave it in

571
00:33:21,720 --> 00:33:25,320
Speaker 1: with a more important values question. How about corruption? Rick,

572
00:33:25,440 --> 00:33:27,840
Speaker 1: I hate to put a damper on things. But how

573
00:33:27,840 --> 00:33:29,880
Speaker 1: does the United States government, if we're going to engage

574
00:33:29,920 --> 00:33:32,960
Speaker 1: in this, and the private sector for that matter, avoid

575
00:33:33,000 --> 00:33:36,320
Speaker 1: corruption that was long associated with Ukraine? Yeah? Sure, I

576
00:33:36,680 --> 00:33:39,720
Speaker 1: think it's a very legitimate question, and it's been raised

577
00:33:39,760 --> 00:33:42,800
Speaker 1: quite a bit lately, both on the House and Senate floor,

578
00:33:42,880 --> 00:33:47,200
Speaker 1: but also in Kiev. The President Silenski himself is address

579
00:33:47,280 --> 00:33:49,520
Speaker 1: the issue and actually rooted out a number of people

580
00:33:49,560 --> 00:33:52,840
Speaker 1: from his own government at a time when you know,

581
00:33:52,960 --> 00:33:55,040
Speaker 1: it would be really easy to look past these kinds

582
00:33:55,080 --> 00:33:56,800
Speaker 1: of things when you're in a shooting war, you know,

583
00:33:56,840 --> 00:33:59,840
Speaker 1: in your own backyard. But he's addressed it because he

584
00:34:00,000 --> 00:34:04,880
Speaker 1: knows his only ability to continue to foster the kind

585
00:34:04,920 --> 00:34:09,000
Speaker 1: of generosity that these Western nations have heaped upon Ukraine

586
00:34:09,200 --> 00:34:11,760
Speaker 1: is that if he has taken care of their funds,

587
00:34:11,880 --> 00:34:16,799
Speaker 1: and in any scanal associated with that will only deteriorate

588
00:34:16,880 --> 00:34:19,920
Speaker 1: the goodwill that already exists amongst the electorates which allow

589
00:34:20,160 --> 00:34:23,160
Speaker 1: these governments to make these big contributions. So, Genie, is

590
00:34:23,160 --> 00:34:25,160
Speaker 1: that part of the communication then that needs to come

591
00:34:25,200 --> 00:34:28,680
Speaker 1: from the administration. You're talking about telling the other side

592
00:34:28,719 --> 00:34:31,239
Speaker 1: of the story. But what the US is I guess

593
00:34:31,239 --> 00:34:33,799
Speaker 1: gaining from this or what sort of relying on this

594
00:34:34,000 --> 00:34:38,840
Speaker 1: for national security and so many other reasons economic issues.

595
00:34:38,560 --> 00:34:41,920
Speaker 1: Does the administration also need to tell that story that,

596
00:34:41,960 --> 00:34:43,640
Speaker 1: you know what, we've got an eye on corruption and

597
00:34:43,719 --> 00:34:46,160
Speaker 1: it's not what you think they do. I will tell

598
00:34:46,200 --> 00:34:49,239
Speaker 1: you just anecdotally, I heard from a student who I

599
00:34:49,239 --> 00:34:51,759
Speaker 1: didn't even realize was paying attention to this, But what

600
00:34:51,880 --> 00:34:55,080
Speaker 1: about all the corruption we hear about in Ukraine? People

601
00:34:55,200 --> 00:34:59,600
Speaker 1: are concerned. We many Americans first recently heard about Ukraine.

602
00:35:00,080 --> 00:35:03,839
Speaker 1: It was connected to a president being impeached, and then

603
00:35:03,880 --> 00:35:06,480
Speaker 1: it came back around. But it's not something people pay

604
00:35:06,520 --> 00:35:10,279
Speaker 1: attention to, but what they've heard raises concerns. So there

605
00:35:10,360 --> 00:35:13,759
Speaker 1: is widespread support among the American public for Ukraine and

606
00:35:13,800 --> 00:35:17,320
Speaker 1: pushing Russia out. But you do have to address issues

607
00:35:17,400 --> 00:35:21,320
Speaker 1: like how are we protecting the United States our interests

608
00:35:21,360 --> 00:35:25,839
Speaker 1: and Ukraine against issues like corruption? And again, these are

609
00:35:25,920 --> 00:35:29,600
Speaker 1: not easy conversations to have, and that's the difficulty here

610
00:35:29,800 --> 00:35:32,640
Speaker 1: at a time of war and when people are being lost,

611
00:35:32,960 --> 00:35:35,960
Speaker 1: So it's gonna be a real task. And plus you

612
00:35:36,040 --> 00:35:39,120
Speaker 1: have a president who may run for reelection and he

613
00:35:39,160 --> 00:35:42,120
Speaker 1: will be hit by the same argument. George hw Bush

614
00:35:42,160 --> 00:35:45,040
Speaker 1: was in nineteen ninety one. Why are you in Rome, Italy?

615
00:35:45,120 --> 00:35:47,120
Speaker 1: Get back to Rome, Georgia and Rome New York and

616
00:35:47,200 --> 00:35:49,560
Speaker 1: do the work of the American public. So it's a

617
00:35:49,560 --> 00:35:53,000
Speaker 1: difficult conversation for the administration to have. He's got to

618
00:35:53,080 --> 00:35:55,680
Speaker 1: get surrogates out having it more and speaking to the

619
00:35:55,719 --> 00:35:58,680
Speaker 1: American public. I understand why he didn't address it in

620
00:35:58,719 --> 00:36:00,880
Speaker 1: the State of the Union for political reasons, but it

621
00:36:01,000 --> 00:36:04,560
Speaker 1: was a loss of a twenty eight thirty million Americans watching,

622
00:36:04,840 --> 00:36:11,560
Speaker 1: a big audience loss. You're listening to the Bloomberg Sound

623
00:36:11,640 --> 00:36:15,040
Speaker 1: on podcast. Catch us live weekdays at five Eastern on

624
00:36:15,200 --> 00:36:18,560
Speaker 1: Bloomberg dot com, Bihart Radio app, and the Bloomberg Business

625
00:36:18,600 --> 00:36:21,600
Speaker 1: App for listen on demand wherever you get your podcast.

626
00:36:23,880 --> 00:36:27,879
Speaker 1: You've heard the chorus for months, not just recently, not

627
00:36:27,920 --> 00:36:30,400
Speaker 1: just this year, but over the past several months, a

628
00:36:30,560 --> 00:36:35,719
Speaker 1: chorus from the Republican side of the House largely and

629
00:36:35,840 --> 00:36:38,920
Speaker 1: the more conservative side of the Republican Party in the House.

630
00:36:39,000 --> 00:36:41,560
Speaker 1: Here we think Matt Gates, Marjorie Taylor Green, but also

631
00:36:42,080 --> 00:36:46,120
Speaker 1: to an extent, Speaker Kevin McCarthy, No more blank checks. Right,

632
00:36:46,360 --> 00:36:51,080
Speaker 1: There's going to be a more difficult conversation about funding

633
00:36:51,080 --> 00:36:53,840
Speaker 1: the war effort. Here's the speaker back in November. But

634
00:36:53,920 --> 00:36:56,560
Speaker 1: I'm not for a blank check for anything. This is

635
00:36:56,640 --> 00:36:59,440
Speaker 1: hard working taxpayer money, and I want to make sure

636
00:36:59,480 --> 00:37:03,600
Speaker 1: whatever funding we spend goes to the right places. Unfortunately,

637
00:37:03,680 --> 00:37:06,720
Speaker 1: under the current majority of Democrats with full body control

638
00:37:07,920 --> 00:37:09,879
Speaker 1: what they put on the floor last time, they never

639
00:37:09,920 --> 00:37:13,040
Speaker 1: gave members an opportunity to even have input. Well, now

640
00:37:13,080 --> 00:37:16,520
Speaker 1: he's of course in the majority. And as a more

641
00:37:16,600 --> 00:37:20,200
Speaker 1: extreme example, here Congressman Mac Gates from Florida and his

642
00:37:20,360 --> 00:37:23,279
Speaker 1: take on this back in November. Again, I will not

643
00:37:23,440 --> 00:37:27,000
Speaker 1: vote for one more dollar to Ukraine. I will not

644
00:37:27,200 --> 00:37:30,719
Speaker 1: vote for one more piece of material to Ukraine. We

645
00:37:30,800 --> 00:37:34,400
Speaker 1: are far too entangled in this conflict. I believe we

646
00:37:34,440 --> 00:37:39,160
Speaker 1: have extended this conflict, and I call on the Secretary

647
00:37:39,200 --> 00:37:44,480
Speaker 1: of Defense to declassify the Inspector General report on the

648
00:37:44,640 --> 00:37:49,319
Speaker 1: compliance with our existing regulations regarding chain of custody with

649
00:37:49,440 --> 00:37:54,280
Speaker 1: material going to another country. It's interesting, having just heard

650
00:37:54,760 --> 00:37:58,000
Speaker 1: Congressman John Garamendi on the program about a half hour

651
00:37:58,040 --> 00:38:01,960
Speaker 1: ago talk about the end to end cataloging of weaponries

652
00:38:02,160 --> 00:38:06,280
Speaker 1: going from the US into Ukraine. Let's reassemble the panel.

653
00:38:06,320 --> 00:38:08,279
Speaker 1: Genie Schanzano, when Rick Davis are with us for the

654
00:38:08,320 --> 00:38:11,840
Speaker 1: hour here as we mark the first anniversary of the

655
00:38:11,880 --> 00:38:15,239
Speaker 1: war in Ukraine. Rick, how much of this is a

656
00:38:15,280 --> 00:38:17,879
Speaker 1: growing sentiment in the Republican Party or did it peak

657
00:38:18,000 --> 00:38:20,719
Speaker 1: with the midterms. Well, I'll just remind you matc Gett

658
00:38:20,760 --> 00:38:24,920
Speaker 1: said the same thing about never voting for Speaker McCarthy,

659
00:38:24,960 --> 00:38:27,280
Speaker 1: and he did wind up caven in the fifteenth ballot.

660
00:38:27,360 --> 00:38:30,879
Speaker 1: So I anticipate that though there's going to be sort

661
00:38:30,920 --> 00:38:32,960
Speaker 1: of the putin wing of the Republican Party in the

662
00:38:33,000 --> 00:38:35,040
Speaker 1: House that are going to continue to grasp about this.

663
00:38:35,080 --> 00:38:39,279
Speaker 1: But the vast majority of Republicans joined with Democrats to

664
00:38:39,640 --> 00:38:42,800
Speaker 1: have an overwhelming support in the Senate, in the House

665
00:38:42,840 --> 00:38:48,439
Speaker 1: for the administration's efforts on Ukraine. But I would say

666
00:38:48,520 --> 00:38:53,480
Speaker 1: it is becoming a partisan divide in with voters. If

667
00:38:53,560 --> 00:38:57,600
Speaker 1: you are a supporter the Biden administration, you are much

668
00:38:57,640 --> 00:39:01,640
Speaker 1: more likely almost you know, three to one, to be

669
00:39:02,120 --> 00:39:05,880
Speaker 1: supportive of his efforts in the Ukraine then you otherwise

670
00:39:05,880 --> 00:39:08,120
Speaker 1: would be if you're a Republican. And so this is

671
00:39:08,120 --> 00:39:10,320
Speaker 1: something that the administration is going to have to really

672
00:39:10,360 --> 00:39:13,080
Speaker 1: really pay a lot of attention to. So I do

673
00:39:13,200 --> 00:39:17,200
Speaker 1: think that we're going to have continuing support and new

674
00:39:17,520 --> 00:39:19,680
Speaker 1: funding initiatives that come up through the course of this

675
00:39:19,760 --> 00:39:24,360
Speaker 1: year for Ukraine. We're certainly not going to cap out

676
00:39:24,760 --> 00:39:28,480
Speaker 1: the most generous allocation of those funds that happen at

677
00:39:28,480 --> 00:39:30,680
Speaker 1: the end of last year, but it will be needed

678
00:39:31,080 --> 00:39:34,400
Speaker 1: in the future. The arguments that justifications are interesting to me.

679
00:39:34,480 --> 00:39:37,520
Speaker 1: You know, Matt Gates there suggesting that we're not really

680
00:39:38,040 --> 00:39:41,320
Speaker 1: following the money here and don't know where it's going.

681
00:39:41,440 --> 00:39:45,000
Speaker 1: There's been suggestions that there's corruption. Marjorie Taylor Green Genie

682
00:39:45,040 --> 00:39:48,080
Speaker 1: has said as much, that this has become a massive

683
00:39:49,120 --> 00:39:51,919
Speaker 1: money suck that's going to the wrong places. But also

684
00:39:51,960 --> 00:39:54,200
Speaker 1: this argument over the border that we've been hearing. Listen

685
00:39:54,200 --> 00:39:57,240
Speaker 1: to Marjorie Taylor Green. We had five million people cross

686
00:39:57,360 --> 00:40:01,960
Speaker 1: our border illegally since Joe Biden took office. And let's

687
00:40:01,960 --> 00:40:05,840
Speaker 1: compare that to how many Russians have invaded Ukraine. Eighty

688
00:40:05,880 --> 00:40:10,360
Speaker 1: two thousand Russians have invaded Ukraine. I think the American

689
00:40:10,480 --> 00:40:13,360
Speaker 1: people and the taxpayers of this country deserve to know

690
00:40:13,480 --> 00:40:17,680
Speaker 1: why the Biden administration and this Congress is so interested

691
00:40:17,719 --> 00:40:20,960
Speaker 1: in funding the protection of Ukraine's border and not the

692
00:40:21,000 --> 00:40:24,319
Speaker 1: protection of our border. I hate to make you have

693
00:40:24,440 --> 00:40:27,919
Speaker 1: to react to that genie. But how is that logic flow? Well,

694
00:40:27,920 --> 00:40:31,520
Speaker 1: it's flood in so many ways. And thank you for asking.

695
00:40:31,880 --> 00:40:34,720
Speaker 1: But you know the reality is, we hear Marjorie Taylor

696
00:40:34,760 --> 00:40:37,960
Speaker 1: Green and Matt Gates. They are reacting to kernels of

697
00:40:38,040 --> 00:40:41,040
Speaker 1: ideas we see in the polling, and we all have

698
00:40:41,160 --> 00:40:44,440
Speaker 1: to take it seriously. Yes, it makes no sense to

699
00:40:44,480 --> 00:40:47,600
Speaker 1: compare Russians going over the border in Ukraine to what's

700
00:40:47,640 --> 00:40:51,200
Speaker 1: happening on our border. But the reality is there is

701
00:40:51,239 --> 00:40:54,640
Speaker 1: as Rick just talked about, a group of Americans in

702
00:40:55,960 --> 00:41:00,239
Speaker 1: the electorate for whom the amount of money and and

703
00:41:00,840 --> 00:41:03,279
Speaker 1: materials that we have given over to Ukraine, not to

704
00:41:03,320 --> 00:41:07,440
Speaker 1: mention the President's time, that they are concerned about, and

705
00:41:07,560 --> 00:41:10,200
Speaker 1: that's what I'm talking about. That has to be addressed.

706
00:41:10,480 --> 00:41:13,640
Speaker 1: And they are asking fair questions. Why are we there,

707
00:41:13,760 --> 00:41:16,800
Speaker 1: what's in our interests? Why does it make us more secure?

708
00:41:17,200 --> 00:41:20,280
Speaker 1: Why are we giving so much money? These are fair questions,

709
00:41:20,560 --> 00:41:22,719
Speaker 1: as is the question of what is the end game?

710
00:41:23,120 --> 00:41:26,160
Speaker 1: Those are the questions that President has to also address

711
00:41:26,239 --> 00:41:29,799
Speaker 1: in addition to his values argument, which he makes repeatedly

712
00:41:30,160 --> 00:41:33,319
Speaker 1: and rightly so and so they are right to ask that.

713
00:41:33,360 --> 00:41:35,680
Speaker 1: And there's a long history of this in the United States.

714
00:41:35,680 --> 00:41:38,080
Speaker 1: Don't forget it was Woodrow Wilson who first talked about

715
00:41:38,120 --> 00:41:41,040
Speaker 1: America first that we should be neutral in World War One.

716
00:41:41,239 --> 00:41:43,839
Speaker 1: It picked up again in World War Two. Trump picked

717
00:41:43,840 --> 00:41:47,040
Speaker 1: it up in twenty sixteen, and it has some residence

718
00:41:47,080 --> 00:41:50,120
Speaker 1: in the electorate. And I will tell you, politically, a

719
00:41:50,239 --> 00:41:53,400
Speaker 1: big question remains if this war is the same today

720
00:41:53,560 --> 00:41:56,960
Speaker 1: as in twenty twenty four in the summer as it

721
00:41:57,040 --> 00:42:00,960
Speaker 1: is today, and Biden is running for president, that's a

722
00:42:01,000 --> 00:42:03,960
Speaker 1: hard political reality for him to face as people say,

723
00:42:03,960 --> 00:42:07,560
Speaker 1: wait a minute, Afghanistan, now Ukraine. You've got us locked

724
00:42:07,600 --> 00:42:09,840
Speaker 1: up in these wars. Let's get somebody who's going to

725
00:42:09,920 --> 00:42:13,680
Speaker 1: focus on the homestead. That's a hard political argument. He's

726
00:42:13,719 --> 00:42:17,239
Speaker 1: gonna have to address. What of this argument or this comparison,

727
00:42:17,280 --> 00:42:19,120
Speaker 1: I don't know. I guess comparison with the border of

728
00:42:19,239 --> 00:42:22,279
Speaker 1: Ukraine the border of the United States. Rick, We've been

729
00:42:22,320 --> 00:42:25,640
Speaker 1: hearing that from quite a number of Republican lawmakers. Well,

730
00:42:25,640 --> 00:42:28,520
Speaker 1: the lack of moral clarity on that is insane, right,

731
00:42:28,600 --> 00:42:31,279
Speaker 1: I mean, like, first of all, we've had tens of

732
00:42:31,360 --> 00:42:35,920
Speaker 1: millions of people come across the border illegally and settled

733
00:42:35,960 --> 00:42:38,640
Speaker 1: in the United States and actually add to you know,

734
00:42:38,640 --> 00:42:43,120
Speaker 1: our economic and cultural enrichment. These are not people who

735
00:42:43,120 --> 00:42:46,400
Speaker 1: are going across the border to invade the country and

736
00:42:46,480 --> 00:42:49,520
Speaker 1: attack the people who are within it and try to

737
00:42:49,680 --> 00:42:53,239
Speaker 1: upset the overturn the government. In fact, the only people

738
00:42:53,280 --> 00:42:55,600
Speaker 1: have tried to overturn the government are the Marjorie Taylor

739
00:42:55,600 --> 00:42:58,200
Speaker 1: agreeing to the world. So, I mean, like, you know,

740
00:42:58,680 --> 00:43:01,760
Speaker 1: when you look for moral equivalence, it's just you can't

741
00:43:01,800 --> 00:43:05,400
Speaker 1: even address it. It makes absolutely no sense if somebody

742
00:43:06,040 --> 00:43:12,120
Speaker 1: had an army, if the Chinese decided to invade Hawaii

743
00:43:12,200 --> 00:43:16,239
Speaker 1: like they did in the Second World War, how would

744
00:43:16,280 --> 00:43:19,600
Speaker 1: Marjorie Taylor Green feel about that? Right? Would she have

745
00:43:19,719 --> 00:43:23,239
Speaker 1: the same attitude as she does about uh, you know,

746
00:43:23,440 --> 00:43:28,440
Speaker 1: Russia entering the sovereign territory of the Ukraine. So you know,

747
00:43:28,520 --> 00:43:32,640
Speaker 1: again you hate to give them too much time because

748
00:43:32,680 --> 00:43:36,040
Speaker 1: they are more nuisance players in American politics than than

749
00:43:36,120 --> 00:43:38,920
Speaker 1: power players. But the reality is we have to have

750
00:43:38,960 --> 00:43:41,560
Speaker 1: these conversations, we have to have the rationale around them.

751
00:43:41,600 --> 00:43:45,960
Speaker 1: And in the minute we give up on countries sovereign territory,

752
00:43:46,280 --> 00:43:48,400
Speaker 1: the minute someone says to the United States, well how

753
00:43:48,440 --> 00:43:51,640
Speaker 1: about your borders? How about whether or not you have

754
00:43:51,800 --> 00:43:56,600
Speaker 1: taken enough, you know, resources from other countries. That then

755
00:43:56,680 --> 00:44:00,680
Speaker 1: does become a chilling conversation to have when we have

756
00:44:00,800 --> 00:44:04,120
Speaker 1: such big competitors around the world. The amount of criticism

757
00:44:04,280 --> 00:44:09,440
Speaker 1: that President Zelenski gets as well, uh is really striking

758
00:44:09,560 --> 00:44:12,200
Speaker 1: at times. Genie, remember when he spoke to the Joint

759
00:44:12,239 --> 00:44:15,880
Speaker 1: Session of Congress and he was heavily criticized for wearing

760
00:44:16,000 --> 00:44:20,200
Speaker 1: the you know, the fatigues or whatever I should call them,

761
00:44:20,239 --> 00:44:23,960
Speaker 1: the green you know outfit that he puts on there.

762
00:44:23,960 --> 00:44:27,200
Speaker 1: It was standing in solidarity with his soldiers. They said

763
00:44:27,200 --> 00:44:31,920
Speaker 1: it was disrespectful. Senator Ted Cruz got into this on

764
00:44:32,400 --> 00:44:36,080
Speaker 1: his podcast recently and took it a couple steps further. Listen,

765
00:44:37,239 --> 00:44:41,560
Speaker 1: he was a professional actor in a popular sitcom in

766
00:44:41,760 --> 00:44:46,160
Speaker 1: in Ukraine and and now he's president. He understands acting,

767
00:44:46,200 --> 00:44:48,839
Speaker 1: and so you know, it's a little jarring seeing all

768
00:44:48,840 --> 00:44:52,200
Speaker 1: of these images of him in a sweatshirt and fatigues

769
00:44:52,840 --> 00:44:57,400
Speaker 1: next to Biden in his pressed suit. Um, whether in

770
00:44:57,440 --> 00:45:00,520
Speaker 1: the Oval office or in Ukraine. You know, Lensky is

771
00:45:00,520 --> 00:45:02,680
Speaker 1: always in this outfit and it is a costume, and

772
00:45:02,719 --> 00:45:07,720
Speaker 1: he understands what he's doing. It is performance. An actor

773
00:45:07,800 --> 00:45:12,759
Speaker 1: wearing a costume, Genie, what's the point of going there

774
00:45:12,760 --> 00:45:17,879
Speaker 1: for Ted Cruz? Yeah, Ted Cruz talking about performative politics

775
00:45:18,280 --> 00:45:20,920
Speaker 1: is fascinating, you know. And we'd like to see what

776
00:45:20,960 --> 00:45:24,160
Speaker 1: Ted Cruz would do if he had a choice after

777
00:45:24,200 --> 00:45:27,240
Speaker 1: his country was invaded and he was god forbid the president,

778
00:45:27,560 --> 00:45:29,839
Speaker 1: if he would have done what Zelenski did and said

779
00:45:29,880 --> 00:45:31,439
Speaker 1: I don't want to ride out, I'm going to stay

780
00:45:31,440 --> 00:45:33,560
Speaker 1: in fight, or if he would have taken that ride out,

781
00:45:33,560 --> 00:45:35,560
Speaker 1: and we know what he would have done. So the

782
00:45:35,640 --> 00:45:40,160
Speaker 1: criticism of Zelenski's clothing from Ted Cruz is comical. The

783
00:45:40,280 --> 00:45:43,759
Speaker 1: reality is is that Zelenski has proven himself to be,

784
00:45:44,400 --> 00:45:47,320
Speaker 1: you know, a leader, you know who is going to

785
00:45:47,400 --> 00:45:51,279
Speaker 1: go down in history for taking a fight to the

786
00:45:51,360 --> 00:45:54,040
Speaker 1: Russian army. I mean, as you said at the top,

787
00:45:54,120 --> 00:45:56,759
Speaker 1: imagine last year, if anybody thought this was going to

788
00:45:56,880 --> 00:45:59,319
Speaker 1: last more than a couple of days. That's why the

789
00:45:59,400 --> 00:46:01,600
Speaker 1: US government offered him a ride out and he stayed

790
00:46:01,640 --> 00:46:04,719
Speaker 1: to fight. So, you know, Ted Cruz should go on

791
00:46:04,800 --> 00:46:08,600
Speaker 1: his podcast and focus on other things besides Zelenski's clothing

792
00:46:08,680 --> 00:46:11,000
Speaker 1: for gosh sake. Well, actually, Ted Cruz is pretty good at,

793
00:46:11,040 --> 00:46:13,800
Speaker 1: you know, dressing up for for photo ops, these trips

794
00:46:13,800 --> 00:46:16,160
Speaker 1: to the border. Rick, He's he's set up there, you know,

795
00:46:16,200 --> 00:46:18,759
Speaker 1: practically with kevlar in the camouflage hat and the whole

796
00:46:18,800 --> 00:46:21,520
Speaker 1: thing on the gunboat. Uh So, I mean I suppose

797
00:46:21,640 --> 00:46:23,960
Speaker 1: that that that would be sort of familiar for him.

798
00:46:24,840 --> 00:46:28,000
Speaker 1: But I just I wonder what the aim is here

799
00:46:28,000 --> 00:46:30,319
Speaker 1: to discredit the president of Ukraine in the middle of

800
00:46:30,320 --> 00:46:33,319
Speaker 1: this war effort. Yeah, honestly, don't even take it as

801
00:46:33,520 --> 00:46:38,920
Speaker 1: as him being discredited. In other words, sure, it's a costume.

802
00:46:39,000 --> 00:46:41,759
Speaker 1: He is the president of a country that is undersieged

803
00:46:41,800 --> 00:46:45,279
Speaker 1: by its neighbor, and he's fighting a war every day.

804
00:46:45,360 --> 00:46:47,920
Speaker 1: He spends his time in Kiev. It's not like he's

805
00:46:47,920 --> 00:46:51,760
Speaker 1: spending his time in Palm Beach. And so the reality

806
00:46:51,920 --> 00:46:58,000
Speaker 1: is that he has used these, uh these props of office. Uh.

807
00:46:58,560 --> 00:47:01,960
Speaker 1: Zelenski has it in an incredibly effective way. I mean,

808
00:47:02,000 --> 00:47:04,879
Speaker 1: people have been referring to him as Churchillian. I mean,

809
00:47:05,239 --> 00:47:08,839
Speaker 1: you know, the great symbols of wartime leaders are not

810
00:47:09,000 --> 00:47:12,120
Speaker 1: just walk out in a suit and tie and say something.

811
00:47:12,200 --> 00:47:15,440
Speaker 1: It's how they conduct themselves, what they say. And his

812
00:47:15,480 --> 00:47:19,200
Speaker 1: ability to have galvanized this much of Western world to

813
00:47:19,360 --> 00:47:24,000
Speaker 1: his aid and support, and to have really, I'd say,

814
00:47:24,160 --> 00:47:27,200
Speaker 1: stared down Vladimir Putin at a time when nobody thought

815
00:47:27,280 --> 00:47:30,600
Speaker 1: he could do it. It's just exemplary. And I don't

816
00:47:30,719 --> 00:47:34,520
Speaker 1: disagree with Ted Cruz that some of that is performance art,

817
00:47:34,520 --> 00:47:39,040
Speaker 1: and thank god he's good at it. It's pretty incredible genie.

818
00:47:39,080 --> 00:47:41,720
Speaker 1: I guess there is something to be said for Rick's

819
00:47:41,719 --> 00:47:46,320
Speaker 1: point here, whether that is a costume, it may actually

820
00:47:46,360 --> 00:47:49,920
Speaker 1: be something that's strategic, it might be good politics, and

821
00:47:49,920 --> 00:47:52,960
Speaker 1: it's certainly his choice. Yeah, it's his choice. I mean,

822
00:47:52,960 --> 00:47:55,040
Speaker 1: what else would he be wearing an a war zone.

823
00:47:55,080 --> 00:47:57,000
Speaker 1: I'm sorry, but you're not going to walk around in

824
00:47:57,040 --> 00:48:00,560
Speaker 1: a tuxedo or a suit. You're gonna walk around in fatigues.

825
00:48:00,680 --> 00:48:03,280
Speaker 1: He's in a war zone. So you know, the focus,

826
00:48:03,400 --> 00:48:07,400
Speaker 1: you know, on what he's wearing is just an attempt

827
00:48:07,480 --> 00:48:10,560
Speaker 1: by Ted Cruz to galvanize the far right of the

828
00:48:10,600 --> 00:48:14,400
Speaker 1: party that he thinks, you know is We've seen this

829
00:48:14,520 --> 00:48:16,560
Speaker 1: over and over again, and it does go back to,

830
00:48:17,200 --> 00:48:21,440
Speaker 1: quite frankly, the impeachment is they are they do not

831
00:48:21,560 --> 00:48:25,640
Speaker 1: like Vladimir Zelenski, and these are people who, like Donald Trump,

832
00:48:25,800 --> 00:48:29,000
Speaker 1: favor the autocrats of the world and Vladimir Putin and

833
00:48:29,160 --> 00:48:32,279
Speaker 1: aren't upset to see them prevail in this conflict. Well,

834
00:48:32,280 --> 00:48:34,600
Speaker 1: we remember the night he spoke to Congress. It was

835
00:48:34,640 --> 00:48:37,799
Speaker 1: the twenty first of December. Actually, I had to look

836
00:48:37,840 --> 00:48:40,160
Speaker 1: back at the day was right before Christmas. I was

837
00:48:40,280 --> 00:48:42,399
Speaker 1: lucky to be in the capital for the occasion. Of course,

838
00:48:42,440 --> 00:48:45,080
Speaker 1: we had Rick and Jeanie with us, David Weston for

839
00:48:45,160 --> 00:48:49,719
Speaker 1: special coverage of that event here on Bloomberg. Remember this,

840
00:48:50,600 --> 00:48:54,480
Speaker 1: my masses, I wish you piece. I think that is

841
00:48:54,560 --> 00:48:58,360
Speaker 1: the main thing. And you understand it only around the

842
00:48:58,400 --> 00:49:05,680
Speaker 1: war country when somebody like these terrorists from Russia come

843
00:49:05,719 --> 00:49:08,839
Speaker 1: to your houses, and I wish you to see your

844
00:49:08,920 --> 00:49:13,919
Speaker 1: children alive and adults, and I wish you to see

845
00:49:13,920 --> 00:49:17,840
Speaker 1: your children and they will go to universities and to

846
00:49:17,920 --> 00:49:23,040
Speaker 1: see their children. I think that is the main thing

847
00:49:23,360 --> 00:49:26,520
Speaker 1: what I can wish you, and of course to be

848
00:49:26,800 --> 00:49:32,439
Speaker 1: together with us generally, because we really fight for our

849
00:49:32,680 --> 00:49:39,080
Speaker 1: common victory against this tyranny that is real life, and

850
00:49:39,200 --> 00:49:49,080
Speaker 1: we will win, and I really want win together. Remember

851
00:49:49,080 --> 00:49:54,480
Speaker 1: Pearl Harbor, terrible morning of December seven, nineteen forty one,

852
00:49:54,560 --> 00:49:58,400
Speaker 1: when your sky was black from the planes attacking you.

853
00:49:59,239 --> 00:50:05,799
Speaker 1: Just remember it. Remember September the eleventh, a terrible day

854
00:50:06,040 --> 00:50:09,480
Speaker 1: in twenty two thousand and one, when evil try to

855
00:50:09,600 --> 00:50:17,680
Speaker 1: turn your cities independent territories in battlefields, when innocent people

856
00:50:17,920 --> 00:50:26,000
Speaker 1: were attacked, attacked from air, Yes, just like nobody else

857
00:50:26,320 --> 00:50:32,359
Speaker 1: expected it, you could not stop it. Our country experience

858
00:50:32,640 --> 00:50:43,560
Speaker 1: the same every day. Those are sounds from Kiev today

859
00:50:43,600 --> 00:50:48,480
Speaker 1: in the ringing of the bells Saint Michael's Church. You

860
00:50:48,560 --> 00:50:51,399
Speaker 1: heard Vladimir's Lensky. They're speaking in English and again through

861
00:50:51,440 --> 00:50:55,000
Speaker 1: a translator. Two separate events in the first year of

862
00:50:55,040 --> 00:50:58,640
Speaker 1: the war in Ukraine. And final thoughts quickly from our panel,

863
00:50:59,400 --> 00:51:04,319
Speaker 1: Rick Davis, are we here talking about this on year two? Look?

864
00:51:04,360 --> 00:51:07,359
Speaker 1: I think that it's just an amazing opportunity for us

865
00:51:07,360 --> 00:51:10,279
Speaker 1: to look at the heroism, the ingenuity, you know, the

866
00:51:10,360 --> 00:51:14,160
Speaker 1: moral high ground that Ukraine has been able to establish

867
00:51:14,239 --> 00:51:19,800
Speaker 1: in the most difficult circumstances. And all I can say is, Slava, Ukraine,

868
00:51:20,880 --> 00:51:23,400
Speaker 1: Is this a conversation we make a date four in

869
00:51:23,400 --> 00:51:26,080
Speaker 1: a year, Gene, Well, we don't know. But one thing

870
00:51:26,160 --> 00:51:28,440
Speaker 1: is certain is that Ukraine is not going to give up.

871
00:51:28,520 --> 00:51:32,120
Speaker 1: So either Russia is going to retreat or accept some

872
00:51:32,239 --> 00:51:35,799
Speaker 1: kind of agreement, but Ukraine is not going to give

873
00:51:35,880 --> 00:51:38,480
Speaker 1: up its territory. They are determined to fight, and we've

874
00:51:38,520 --> 00:51:42,200
Speaker 1: seen that throughout the last year, so you know that ending.

875
00:51:42,280 --> 00:51:44,799
Speaker 1: We know for certain is they will prevail in the end,

876
00:51:44,920 --> 00:51:47,560
Speaker 1: no matter how long it takes. Well, we will continue

877
00:51:47,600 --> 00:51:50,040
Speaker 1: this conversation no matter how long it takes, no matter

878
00:51:50,040 --> 00:51:52,239
Speaker 1: what's happening, of course in the world of politics, and

879
00:51:52,320 --> 00:51:54,680
Speaker 1: certainly with an eye on Ukraine, it's going to be

880
00:51:54,760 --> 00:51:57,480
Speaker 1: a major story throughout twenty twenty three, and a major

881
00:51:57,560 --> 00:52:00,719
Speaker 1: story and an issue in the presidential campaign that we're

882
00:52:00,719 --> 00:52:03,440
Speaker 1: going to be covering altogether. My thanks to Rick Davis

883
00:52:03,440 --> 00:52:06,959
Speaker 1: and Jeanne Schanzano are friends in Bloomberg political contributors helping

884
00:52:07,040 --> 00:52:09,960
Speaker 1: us understand and bring context to some of the most

885
00:52:10,000 --> 00:52:14,160
Speaker 1: difficult issues on a daily basis. I'm Joe, Matthew and

886
00:52:14,200 --> 00:52:16,560
Speaker 1: Washington taking a few days off. We'll see you back

887
00:52:16,600 --> 00:52:18,560
Speaker 1: next week. This is Bloomberg