Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us
Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the
Speaker 1: iHeartRadio app, and the Bloomberg Business App, or listen on
Speaker 1: demand wherever you get your podcast.
Speaker 2: The White House threatens to veto the Republican Israeli Aid bill,
Speaker 2: as the CBO now says that bill will add to
Speaker 2: the nation's deficit. Welcome to the fastest show in politics,
Speaker 2: as we get a first look at the fine print
Speaker 2: in the Speaker's plan on Israel, even as the President
Speaker 2: takes his own approach, including money for Ukraine for the border.
Speaker 2: We'll be joined ahead by Bill Hoagland at the Bipartisan
Speaker 2: Policy Center with analysis from our signature panel. They're with
Speaker 2: us on this FED day. Rick Davis and Genie Shanzano
Speaker 2: weighing in as well on the latest from Washington and Israel.
Speaker 2: And Welcome to the Wednesday edition of Bloomberg Sound On.
Speaker 2: I'm Joe Matthew in Washington, where, of course it's going
Speaker 2: to be all about the FED, certainly here on Bloomberg
Speaker 2: starting in about a half hour's time, when we'll bring
Speaker 2: you our special coverage of the FED meeting. The announcement
Speaker 2: and the news conference. But we have breaking news on
Speaker 2: Israel that I want to start with today, and I'm
Speaker 2: glad you're with us here on the radio, on the satellite,
Speaker 2: and on YouTube. You can always find us on YouTube
Speaker 2: by searching Bloomberg Global News. The cameras are lit with
Speaker 2: the headline on the terminal. Biden says some Americans will
Speaker 2: depart Gaza today. We're just hearing this now from the
Speaker 2: White House, as the President says American citizens will exit
Speaker 2: Gaza today and the US expects more departures tomorrow and
Speaker 2: over the coming days. He also said save passage has
Speaker 2: been secured for wounded Palestinians and for foreign nationals to
Speaker 2: exit Gaza. And this is the type of headline that
Speaker 2: some of his critics in his own Democratic Party have
Speaker 2: been looking to see, with much more news coming out
Speaker 2: of Israel and Washington. Here, the Speaker of the House,
Speaker 2: Mike Johnson, is having lunch today with the Senate Republican Conference.
Speaker 2: Interesting as we turn to the matter of funding, and
Speaker 2: this is something we're going to talk about in a
Speaker 2: moment with Bill Hoagland. We brought this to you yesterday.
Speaker 2: Speaker of the House wants to split Israel funding from
Speaker 2: the rest of the supplemental package that the President has
Speaker 2: put forward, And if you listen to this show, you
Speaker 2: could probably tell us by now yourself that was going
Speaker 2: to include Ukraine, the border in Taiwan. Not so, says
Speaker 2: the speaker who's going to bring that bill to the
Speaker 2: floor tomorrow. It looks like and it is also expected
Speaker 2: to fail, so lawmakers are weighing in now. Republicans say
Speaker 2: this is a way of keeping the governments from spending
Speaker 2: too much money that we heard from the CBO when
Speaker 2: we learn it's actually going to add to the deficit.
Speaker 2: And Senator Ben Cardon of Maryland, who's now chair of
Speaker 2: the Senate Foreign Relations Committee, says, GOP is playing games
Speaker 2: with the money.
Speaker 3: We need to keep this together because it represents the
Speaker 3: priorities that need to be done. Now, there are supplemental
Speaker 3: appropriations which were not planned for in the normal appropriation process.
Speaker 3: There's no need for offsets, and we got to get
Speaker 3: this dumb without the political parsianship we see in the House.
Speaker 2: Now that's the chair. The Republican Senator from Wyoming John Barrasso,
Speaker 2: also on that committee, says, no, this is the way
Speaker 2: it should be done, and more specifically, pay for it
Speaker 2: by defunding the IRS.
Speaker 4: I support defunding the IRS taking that money out of
Speaker 4: that as a source of payment for the money to Israel.
Speaker 4: I want to make sure Israel has what they need
Speaker 4: to fight the war they need to fight.
Speaker 2: So there you have it from both sides of the aisle.
Speaker 2: According to the Treasury Department, If that matters to you,
Speaker 2: those thousands of IRS employees will not be targeting small
Speaker 2: businesses and regular Americans. In fact, we heard from the
Speaker 2: IRS Commissionery yesterday said these offsets would end up costing
Speaker 2: ninety billion dollars in fact, because of less scrutiny on
Speaker 2: tax evasion at the highest levels of wealth. So much
Speaker 2: for armed agents knocking down your door. This is where
Speaker 2: we start with. Bill Hogan, Senior vice president of the
Speaker 2: Bipartisan Policy Center, spent many years working on Capitol Hill.
Speaker 2: Knows how the sausage is made and might be helpful
Speaker 2: here with a reality check. Bill two questions your thought
Speaker 2: number one on just putting Israel funding alone on the floor,
Speaker 2: knowing that it likely doesn't have support, but too paying
Speaker 2: for it with IRS funding, calling it an offset when
Speaker 2: it's actually going to cost more maybe you can help
Speaker 2: me rationalize this.
Speaker 5: Well, thank you for having me, Joe. Again, this is
Speaker 5: an area where we seems that Republicans like to go to,
Speaker 5: and that is reducing the IRS budget. We've been here,
Speaker 5: if you recall back in the spring, when we were
Speaker 5: dealing with the debt limit, increasing the debt limit, finding offsets. Historically,
Speaker 5: the scoring on this particular issue has always been that
Speaker 5: if you have additional money that you provide for the
Speaker 5: IRS to to carry out their responsibilities, does result in
Speaker 5: an increase in revenues collected. And so I'm an old
Speaker 5: CBO or, so I'll be a little biased here, but
Speaker 5: I think the CBO is right that if you're cutting
Speaker 5: fourteen billion dollars out of the IRS budget, then you
Speaker 5: shouldn't expect them the revenues that were anticipated to come in.
Speaker 5: So I think this is an unfortunate situation. Literally, as
Speaker 5: we speak here right now, Joe, the Senate is voting
Speaker 5: on a Center Rand Paul amendment to the Senate Appropriation
Speaker 5: Bill to reduce the IRS funding and it's going to fail.
Speaker 5: So I think we'll get over this. And as you
Speaker 5: mentioned in your comments earlier, I think the House does
Speaker 5: not have the votes to use the IRS as an offset.
Speaker 5: This is an emergency. In the past, when we've had emergencies, yes,
Speaker 5: we don't usually offset let's say disaster spending. And I
Speaker 5: think this is a critical emergency that I'd like to
Speaker 5: see it offset, but i'd like to see it offset
Speaker 5: with real spending reductions as opposed to the IRS budget.
Speaker 2: Okay, we'll see if that happens. I'm assuming that we
Speaker 2: won't get that far with this legislation, But does the
Speaker 2: Senate lead the way here then? Bill they're looking at
Speaker 2: a combined appropriations bill that would include the money for
Speaker 2: Ukraine that I know turns off a lot of House Republicans.
Speaker 5: Well, I think we're probably headed toward a situation Joe
Speaker 5: here in about two and a half weeks when we're
Speaker 5: up against another possibility of a government shutdown and the
Speaker 5: current Continuing Resolution runs out. I think all this is
Speaker 5: going to get bunched up as it relates to that
Speaker 5: next Continuing resolution around the middle of November, where we'll
Speaker 5: probably have a situation where we will have both the
Speaker 5: funding for Ukraine and I think Israel, but also most importantly,
Speaker 5: as we keep remembering that the President's request does also
Speaker 5: include about to a similar amount about fourteen billion dollars,
Speaker 5: the same amount for Israel for border security here in
Speaker 5: the United States, for new border patrol agents, new immigration
Speaker 5: judges and asylum officers and custom officers. So I think
Speaker 5: where we're headed here is a combination getting up against
Speaker 5: that deadline in November the seventeenth, when we'll see this
Speaker 5: coming to a head once again. I think, yes, I
Speaker 5: think the Senate's going to play a pretty big role
Speaker 5: here in terms of what they send over the House.
Speaker 5: I think this is going to be a major test
Speaker 5: for the new Speaker, and it could lead to here
Speaker 5: we go again. It could lead to a potential shutdown.
Speaker 5: But I hope that we can get over this and
Speaker 5: we can find a solution where we have both the
Speaker 5: funding that we need here on the domestic side of
Speaker 5: the equation or our border security, as well as some
Speaker 5: disaster response. We keep forgetting that the President not only
Speaker 5: had a request for Israel and Ukraine and border, but
Speaker 5: he also had something for about a fifty five billion
Speaker 5: dollars for disaster relief. We still have FEMA problems, we
Speaker 5: still have such issues, are sorting with the issues around
Speaker 5: the child Care Stabilization Fund. So we have a we
Speaker 5: have a lot, they have a lot to do in
Speaker 5: a very short amount of time.
Speaker 2: I want you to picture this as we understand. The
Speaker 2: Speaker of the House is attending the Senate Republican lunch today,
Speaker 2: CNN reporting, who was flanked by Senators Rick Scott and
Speaker 2: Ted budd on the way in and did not answer questions.
Speaker 2: Does this sound like a meet and greet to you
Speaker 2: or a real conversation about what you and I are
Speaker 2: talking about?
Speaker 5: Well, we always have the policy lunches, and I'm not there.
Speaker 5: I can't say exactly what's going on. But no, I
Speaker 5: think they have I think the news A lot of
Speaker 5: senators who do not know the news speaker have not
Speaker 5: have not met him.
Speaker 1: This is an.
Speaker 5: Opportunity at least to have an initial reaction, But I
Speaker 5: think they will get down. They'll have to get down
Speaker 5: to some substant discussions very quickly about where the Senate's
Speaker 5: headed and where the Speaker wants to go, and what
Speaker 5: they'll be able to work out between the two two
Speaker 5: chambers going forward. Once again, I have to believe this
Speaker 5: is going to come down to no surprise coming from
Speaker 5: the Bi Parson Policy Center, that you're going to have
Speaker 5: to find a solution here that includes both Democrats and Republicans.
Speaker 5: At the end of the day, that may cause again
Speaker 5: problems for the new Speaker, as it did for mister McCarthy,
Speaker 5: but this is too important of an issue not to
Speaker 5: find some quick Biparson solutions providing the aid that Israel needs,
Speaker 5: that Ukraine needs, and our borders need.
Speaker 2: We're talking with Bill Hogland at the Bipartisan Policy Center
Speaker 2: and you mentioned you mentioned the word that I might
Speaker 2: not have brought up otherwise, and that's shut down. But
Speaker 2: it's important to note what's not going to make headlines today, Bill,
Speaker 2: and that is the House Rules Committee taking up Transportation
Speaker 2: and Housing Bill, an Interior Environment spending bill, along with
Speaker 2: the supplemental budget request, and I know the Senate is
Speaker 2: taking up minibus today. There are actually professionals who should
Speaker 2: be taken seriously who are working behind the scenes to
Speaker 2: do the real work of the legislature. The question is
Speaker 2: can they get anything done in time? Do you think
Speaker 2: this new speaker makes the idea of a shot down
Speaker 2: more or less likely?
Speaker 5: Well, I think the Speaker had made it very clear
Speaker 5: and part of his mode of selection process was to
Speaker 5: agree that they would the House would pass what we
Speaker 5: call the twelve regular appropriation bills, and as you say, Joe,
Speaker 5: they have passed. They still have seven bills to do,
Speaker 5: the Outstanding and Transportation, Legislative Branch, Financial Securities, Interior, and Agriculture.
Speaker 5: They still have to do those individual bills. And that's
Speaker 5: what they're doing in the House, and I think that's
Speaker 5: what the Speaker said he would do he'd passed those
Speaker 5: bills individually. Difficulty is going to be that, of course,
Speaker 5: that's fine, but we have a United States Senate that's
Speaker 5: also trying to get its twelve bills done and it
Speaker 5: has not passed any of them yet, and that's why
Speaker 5: they're bundling their bills into three package, three packages of three,
Speaker 5: and they'll end up, i think, probably trying to try.
Speaker 5: They'll have to go to conference and work this out.
Speaker 5: This is all going to come down once again to
Speaker 5: another continuing resolution. I don't think there's any question that
Speaker 5: we're going to have to have a continuing resolution. I
Speaker 5: think the Senator has made that clear. I think even
Speaker 5: the House Speaker expects they'll have to have a continuing resolution.
Speaker 5: And the question will be will be that at as
Speaker 5: it was back on October, the first, will that be
Speaker 5: at the current level which caused mister McCarthy some problems.
Speaker 5: But I see they are working their best just to
Speaker 5: do the basic funding that they have to do for
Speaker 5: the current fiscal year that we're in, fiscal year twenty
Speaker 5: four that began here a month ago.
Speaker 2: Yeah, it's always great to spend time with you, Bill.
Speaker 2: Do you think the motion to vacate will be beefed
Speaker 2: up at all? They're going to raise the threshold on
Speaker 2: this or is it going to stay the same way
Speaker 2: it is looming over this speaker?
Speaker 5: Listen, I'm an oh Senate staffer or not a House staffer.
Speaker 5: I can't really comment on the rules of the procedures
Speaker 5: in the House that much. But I have to believe,
Speaker 5: having spent what twenty one days or so and the
Speaker 5: chaos over in the House, that they do not want
Speaker 5: to go through that again. And I think that to
Speaker 5: the extent that the new Speaker can at least get
Speaker 5: his twelve individual appropriation bills done and out of the way.
Speaker 5: He's met at first. He's got over a first hurdle
Speaker 5: here that allows him to not face the possibility of
Speaker 5: another emotion to vacate. I just don't believe they want
Speaker 5: to go through that again. And I could be wrong,
Speaker 5: but I think that they have a speaker now, they
Speaker 5: want to work with that new speaker, and we'll continue
Speaker 5: to work on this. I want of them to remain
Speaker 5: optimistic that we will get through this difficult time. There
Speaker 5: are major issues that have to be addressed here, and
Speaker 5: I hope that we can find a common ground between
Speaker 5: the House and Senator over the next at least thirty
Speaker 5: or forty days.
Speaker 2: Bill Hoaglan, Bipartisan Policy Centers, Senior Vice President, one of
Speaker 2: our next door neighbors. Almost here in downtown Washington. Great
Speaker 2: to see you, Bill as we assemble our panel today.
Speaker 2: Rick Davis and Jeanie Shanzano are back together Bloomberg Politics contributors.
Speaker 2: Ricky sounds kind of like, you don't ask me about
Speaker 2: what's going on in that crazy house. I'm a creature
Speaker 2: of the Senate. But in this case, the Senate's going
Speaker 2: to loom large over this process. And I wonder if
Speaker 2: that's why the speaker is at that GOP luncheon today.
Speaker 2: What do you think they're talking about.
Speaker 6: Yeah, look, this is a normal courtesy that would be
Speaker 6: granted to any new speaker. It doesn't have much of
Speaker 6: a footprint up on the Senate side, and obviously the
Speaker 6: things that he is doing right now today are having
Speaker 6: a prety dramatic impact on the Senate agenda. You know,
Speaker 6: even just bifurcating the supplemental bills with trying to take
Speaker 6: an independent vote on Israel is upsetting the Republican majority
Speaker 6: or the minority in the Senate. And so I think
Speaker 6: it was probably like, hey, we need to get him
Speaker 6: up here and make sure we set our agendas together.
Speaker 6: So half introduction, half agenda setting, but frankly, because of
Speaker 6: the time that we have available, probably later than it
Speaker 6: should have happened, but obviously an important meeting.
Speaker 2: When's he going to sit down in the Oval office?
Speaker 1: Jeni?
Speaker 7: You hope it is soon. You know, he just hasn't
Speaker 7: had the opportunity to meet everybody, including the president, even
Speaker 7: though he is second in line to the presidency. So
Speaker 7: there should be a meeting and there should be real conversation.
Speaker 7: You know, he's only been on the job for a week,
Speaker 7: so it is going to take some time to get
Speaker 7: up to speed. But those personal introductions are critically important,
Speaker 7: as is his staffing. You know, the man hasn't even
Speaker 7: had a chance. He's starting to staff up, but that
Speaker 7: is a huge challenge.
Speaker 2: Been a hiring spree in the last twenty four hours.
Speaker 2: We can talk about that. We just heard from him
Speaker 2: on the CBO score. That's next. This is Bloomberg.
Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the
Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the
Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App.
Speaker 1: You can also listen live on Amazon Alexa from our
Speaker 1: flagship New York station. Just say Alexa, play Bloomberg. Eleven thirty.
Speaker 2: We just heard from the Speaker of the House, Mike Johnson,
Speaker 2: for the first time on this new CBO score on
Speaker 2: the standalone Israel funding bill. This is the one that
Speaker 2: the CBO said would add almost twenty seven billion dollars
Speaker 2: to the budget deficit, remembering that it would be paid
Speaker 2: for by taking money from the IRS. And this is
Speaker 2: where we're getting some discord here. Fourteen point three billion
Speaker 2: dollars and cuts to IRS funding that was part of
Speaker 2: the Inflation Reduction Act. Now, the White House already says
Speaker 2: that it's going to veto this thing if it reaches
Speaker 2: the President's desk, which apparently it's not because I don't
Speaker 2: know the votes in the House. The Senate doesn't like it,
Speaker 2: and the Speaker says, I guess pay no attention to
Speaker 2: the fine print. Heerio, you'd be careful, everybody careful.
Speaker 7: Were you surprised by the CBO's courser.
Speaker 6: Not surprise at all.
Speaker 1: Only in Washington, when you cut spending do they call
Speaker 1: it a are you along in?
Speaker 2: Only in Washington, when you cut spending do they call
Speaker 2: it an increase in the deficit. Let's assemble our panel
Speaker 2: for their take. Genie Schanzano and Rick Davis are with us.
Speaker 2: The math is difficult to argue with here, Rick, am
Speaker 2: I missing something?
Speaker 1: Yeah?
Speaker 6: I think the political overlay to this right American public
Speaker 6: here is that the Speaker is trying to cut funding.
Speaker 6: Maybe a little of that seeps into oh, by the way,
Speaker 6: it's the irs, and virtually none of that will go
Speaker 6: to OH.
Speaker 2: The CBO says that'll increase the deficit.
Speaker 6: I mean, like CBO doesn't have a mouthpiece like the
Speaker 6: speaker does.
Speaker 2: But then there's reality, right, Genie.
Speaker 7: That's right, And we talked about this yesterday, and so
Speaker 7: only somebody trying to play political games, and not very effectively,
Speaker 7: by the way, would try to pull the wool over
Speaker 7: people's eyes and pretend that they didn't realize that cutting
Speaker 7: this money to the IRS would actually decrease revenue and
Speaker 7: increase the deficit. It is a pay for it that
Speaker 7: doesn't pay for anything. We do need to pay for
Speaker 7: our spending, but you have to do it in a
Speaker 7: fiscally responsible and even somebody I don't know, in maybe
Speaker 7: third grade math, can figure out that when you cut
Speaker 7: IRS enforcement, you diminish our ability to collect money that
Speaker 7: the government needs to keep funded. And so Mike Johnson
Speaker 7: should know that. I am terribly concerned if he doesn't
Speaker 7: realize that. But I think he realized it, and he's
Speaker 7: trying to play political games and the politics aside. All
Speaker 7: thinking people realize this is the reality. It doesn't take
Speaker 7: a math genius. This has nothing to do with Washington.
Speaker 7: This is to do with Mike Johnson trying to play
Speaker 7: political games. Fiscally responsible people don't do this. Just look
Speaker 7: at Tom Massey, a very conservative guy, who said this
Speaker 7: is not fiscally responsible. It will add to the deficit.
Speaker 7: Even Marjorie Taylor Green said the same thing. So you know,
Speaker 7: he's got to go back to the table on this.
Speaker 7: Let's find some real cuts for the new speaker so
Speaker 7: he can move ahead.
Speaker 2: We know we're in trouble when Genie is quoting Marjorie
Speaker 2: Taylor Greenrick, I don't know what you want to do
Speaker 2: with that, but I will point you to the Republican
Speaker 2: Accountability Project, Rick Davis, what do you think of It's
Speaker 2: a six figure ad campaign to shame Speaker Johnson over
Speaker 2: his efforts to overturn the twenty twenty election. This is
Speaker 2: another part of, of course, the narrative in his first
Speaker 2: full week on the job, that we're hearing a lot
Speaker 2: more about the amicus brief that he wrote that would
Speaker 2: have brought from the state of Texas these results to
Speaker 2: the Supreme Court. Here's just a taste of this ad.
Speaker 2: It's gonna be running in primetime on Fox News.
Speaker 8: Republican Mike Johnson just became Speaker of the House, but
Speaker 8: he's the last person who should be leading Congress. After
Speaker 8: Donald Trump lost the elections, Johnson started pushing Trump's big lie,
Speaker 8: pressuring the Supreme Court to overturn the will of voters
Speaker 8: in four states.
Speaker 2: And if they go on to call him a danger
Speaker 2: to our democracy. Rick, I could keep this thing running,
Speaker 2: but I'm sure we'll all begin and dated by the ad.
Speaker 2: If we're watching cable news, who's this resonating with? You
Speaker 2: mentioned the lack of a megaphone at the CBO. Will
Speaker 2: this get into the right living rooms? Will it make it? Then?
Speaker 6: I don't get into some I mean they've obviously targeted
Speaker 6: the right states, you know, Georgia, Arizona, Michigan, Pennsylvania, Wisconsin.
Speaker 6: I mean, that's where the fight's going to be for
Speaker 6: a presidential election. And by the way, all of a sudden,
Speaker 6: we have a new speaker who nobody's ever heard of,
Speaker 6: which means they don't hate him yet. You know, voters
Speaker 6: hated Nancy Pelosi, voters hated you know McCarthy. Voters hate
Speaker 6: our leaders because they have to go through all this
Speaker 6: kind of negative campaign advertising. And here's this guy Johnson
Speaker 6: no one has ever heard of. They haven't learned to
Speaker 6: hate him yet. So this is step one and teaching
Speaker 6: people to hate, you know, Speaker Johnson. It's critically critically
Speaker 6: important that the Democrats are able to demonize Republican leadership, and.
Speaker 2: Mitch McConnell's kind of hard to argue with he's doing
Speaker 2: a lot of.
Speaker 6: Business with Democrats these days, so they're gonna have to
Speaker 6: find someone to be the target. Johnson's time in the
Speaker 6: barrel is now.
Speaker 2: His time in the barrel? Genie. How long is it
Speaker 2: going to last?
Speaker 7: You know, I think it will, it will last. I
Speaker 7: have long thought that it's really really tough to demonize
Speaker 7: the new speaker because his personality doesn't really play with that.
Speaker 7: You know, it was far easier for the Republicans to
Speaker 7: demonize Nancy Pelosi than it's going to be to demonize
Speaker 7: somebody like Mike Johnson. His personality is, quite frankly, a
Speaker 7: lot more like somebody like our former president, a former
Speaker 7: vice president, rather Mike Pence. And I think that's going
Speaker 7: to make it tough now or is he going to
Speaker 7: go through vetting? Are people going to look back at
Speaker 7: what he's done? All of that is fair game. All
Speaker 7: of the things that he has said, he hasn't been
Speaker 7: vetted as most speakers would be, and so a lot
Speaker 7: of this is new. But I think unless he changes
Speaker 7: his tone in a distinct way, that demon demonization is
Speaker 7: going to be hard. But I do think anybody who
Speaker 7: plays a role in trying to say the twenty twenty
Speaker 7: election was stolen. That is fair game to say, look, folks,
Speaker 7: this is who is leading this party. Do you feel
Speaker 7: safe putting your trust in this party to run the House?
Speaker 7: I think that's fair game. He's the one who led
Speaker 7: the charge quietly as he did.
Speaker 2: Well. When you go big picture, Rick, and you look
Speaker 2: at that Bloomberg poll that we've talked a lot about
Speaker 2: with Morning Consult, looking at these seven swing states that
Speaker 2: are critical, some of which will have that ad running
Speaker 2: in them, the economy ends up being the number one issue.
Speaker 2: And is this why no one seems to be dwelling
Speaker 2: on twenty twenty. Yeah, I think twenty twenty is well.
Speaker 6: The only person who's dwelling on twenty twenty is is
Speaker 6: Donald Trump. And the Democrats couldn't be happier about that.
Speaker 6: That's what they want point. But everybody else is like
Speaker 6: moving on and Democrats are using a lot of the
Speaker 6: issues to their success from twenty twenty. We see it
Speaker 6: in advertisings everywhere here in Virginia for the legislative elections
Speaker 6: that are next week. Abortion, abortion, abortion right. I mean
Speaker 6: it was Republicans are going to take away your rights,
Speaker 6: and so we know where they're headed, and Republicans are
Speaker 6: talking about the economy, so you know, money's on the economy,
Speaker 6: and that's where I think the twenty twenty four election
Speaker 6: will be prosecuted at. That's why Biden's going to Wisconsin
Speaker 6: to talk about the economy and bringing jobs to rural America,
Speaker 6: you know, trying to get some of those blue collar
Speaker 6: jobs back. So you see it playing out in real time.
Speaker 6: But I would say, you know, shoot your bullets on
Speaker 6: you know, Speaker Johnson in a presidential targeted.
Speaker 2: State doesn't make much sense. If they think it's going
Speaker 2: to be Trump, they ought to be shooting at him.
Speaker 2: How about that. Rick Davis and Geenie Shan say, No,
Speaker 2: great conversation on what is truly the fastest show in
Speaker 2: politics today, because we've got a Federal Reserve announcement coming
Speaker 2: up here, and I want to thank you both for
Speaker 2: great insights. As always, our signature panel Bloomberg Politics contributors
Speaker 2: Rick Davis and Genie Shann say, No, I'm Joe Matthew
Speaker 2: in Washington, where tomorrow it's going to be inflation, inflation inflation, right.
Speaker 2: Thanks for listening to the Sound on podcast. Make sure
Speaker 2: to subscribe if you haven't already at Apple, Spotify, and
Speaker 2: anywhere else you get your podcasts, and you can find
Speaker 2: us live every weekday from Washington, DC at one pm
Speaker 2: Eastern Time at Bloomberg dot com