1 00:00:02,920 --> 00:00:09,080 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,760 --> 00:00:13,280 Speaker 2: You're listening to the Bloomberg Balance of Power podcast. Catch 3 00:00:13,360 --> 00:00:16,360 Speaker 2: us live weekdays at noon Eastern on Appo, CarPlay, and. 4 00:00:16,280 --> 00:00:18,480 Speaker 3: Then roud Otto with the Bloomberg Business app. 5 00:00:18,560 --> 00:00:21,720 Speaker 2: Listen on demand wherever you get your podcasts, or watch 6 00:00:21,800 --> 00:00:25,320 Speaker 2: us live on YouTube. 7 00:00:25,920 --> 00:00:28,240 Speaker 4: Might not be the happiest Friday here in Washington for 8 00:00:28,280 --> 00:00:32,120 Speaker 4: House Speaker Mike Johnson, because after this threat for a 9 00:00:32,200 --> 00:00:35,280 Speaker 4: while has been lingering, perhaps now the first steps that 10 00:00:35,400 --> 00:00:38,040 Speaker 4: could lead to actually ousting him have been taken by 11 00:00:38,040 --> 00:00:41,560 Speaker 4: Congressoman Marjorie Taylor Green. That is not a privileged resolution yet, 12 00:00:41,560 --> 00:00:44,760 Speaker 4: and yet the motion to vacate has been filed, waiting 13 00:00:44,800 --> 00:00:48,559 Speaker 4: to be acted upon potentially any time now. As for 14 00:00:48,600 --> 00:00:51,280 Speaker 4: the reason why it appeared, because Mike Johnson made the 15 00:00:51,280 --> 00:00:54,520 Speaker 4: decision to work with Democrats to fund the government. Here 16 00:00:54,560 --> 00:00:57,320 Speaker 4: was the Congressoman from Georgia earlier today on the steps 17 00:00:57,320 --> 00:00:58,000 Speaker 4: of Capitol Hill. 18 00:00:58,840 --> 00:01:01,120 Speaker 5: This is a betrayal of the American people. This is 19 00:01:01,120 --> 00:01:04,840 Speaker 5: a betrayal of Republican voters, and the bill that we 20 00:01:04,840 --> 00:01:08,800 Speaker 5: were forced to vote on forced Republicans to choose between 21 00:01:08,840 --> 00:01:12,959 Speaker 5: funding to pay our soldiers and in doing so, funding 22 00:01:13,040 --> 00:01:14,039 Speaker 5: late term abortion. 23 00:01:16,240 --> 00:01:18,319 Speaker 6: You heard it and saw it live as it happened 24 00:01:18,360 --> 00:01:20,720 Speaker 6: here on Bloomberg. That was less than an hour ago. 25 00:01:20,840 --> 00:01:24,560 Speaker 6: I'm Joe Matthew alongside Kaylee Lines. Welcome to Bloomberg Radio 26 00:01:24,600 --> 00:01:27,400 Speaker 6: and TV. As we begin our conversation with Congresswoman Nicole 27 00:01:27,440 --> 00:01:30,160 Speaker 6: mally atakas, the Republican from New York is with us 28 00:01:30,240 --> 00:01:34,160 Speaker 6: now live from Capitol Hill. Having voted no on that legislation, 29 00:01:34,280 --> 00:01:36,400 Speaker 6: before we start talking about the ins and outs of 30 00:01:36,480 --> 00:01:40,040 Speaker 6: motion to vak, Congresswoman, why was this not worth your 31 00:01:40,120 --> 00:01:40,679 Speaker 6: vote today? 32 00:01:42,360 --> 00:01:46,199 Speaker 7: You know, I just cannot continue to vote to fund 33 00:01:46,360 --> 00:01:49,640 Speaker 7: this president's agenda. At the end of the day, we 34 00:01:49,760 --> 00:01:52,800 Speaker 7: have a crisis at our border. It is Joe Biden's making. 35 00:01:52,880 --> 00:01:57,440 Speaker 7: He instituted policies using his own authority that has dismantled 36 00:01:57,440 --> 00:02:02,160 Speaker 7: the border security and this would give him the money 37 00:02:02,160 --> 00:02:05,800 Speaker 7: to continue doing what he's doing, which is allowing people 38 00:02:05,840 --> 00:02:09,120 Speaker 7: to enter into the country. Customs and Border Protection agents 39 00:02:09,120 --> 00:02:12,840 Speaker 7: are directed to release these people into the interior. They're 40 00:02:12,840 --> 00:02:15,960 Speaker 7: not being detained or deported, They're being sent to cities 41 00:02:16,040 --> 00:02:20,440 Speaker 7: like mine, and has become unsustainable and it's unsafe. It's 42 00:02:20,520 --> 00:02:23,000 Speaker 7: unfair to the people that I represent. Who are having 43 00:02:23,120 --> 00:02:26,720 Speaker 7: shelters being put in their districts and seniors being kicked 44 00:02:26,720 --> 00:02:29,000 Speaker 7: out of residences to make way for migrants. 45 00:02:29,040 --> 00:02:30,640 Speaker 8: Okay, I'm just not going to fund this. 46 00:02:32,160 --> 00:02:34,760 Speaker 4: Well, Congressoman, not is it not then unfair to your 47 00:02:34,800 --> 00:02:38,160 Speaker 4: constituents as well that a bipartisan border package that the 48 00:02:38,200 --> 00:02:42,360 Speaker 4: President did agree to that would have tightened many measures 49 00:02:42,400 --> 00:02:45,640 Speaker 4: at the border was not even given a vote in 50 00:02:45,680 --> 00:02:47,760 Speaker 4: the House. If we're talking about what's unfair. 51 00:02:48,440 --> 00:02:50,760 Speaker 7: It wasn't even given a vote in the Senate. And 52 00:02:50,800 --> 00:02:52,679 Speaker 7: you should have the same concern about. 53 00:02:52,600 --> 00:02:54,880 Speaker 8: Hr two that we passed out of the House that. 54 00:02:54,840 --> 00:02:58,519 Speaker 7: Would actually secure the border, and the Senate won't give 55 00:02:58,520 --> 00:03:01,960 Speaker 7: it a vote either. So it works both ways here, 56 00:03:02,000 --> 00:03:03,840 Speaker 7: and I'm happy to work with the Senate to hash 57 00:03:03,880 --> 00:03:06,040 Speaker 7: something out. And I was hoping that's what our speaker 58 00:03:06,080 --> 00:03:08,320 Speaker 7: would have done, is to make sure that there were 59 00:03:08,360 --> 00:03:12,120 Speaker 7: some border security measures here. Because let's be clear, the 60 00:03:12,160 --> 00:03:15,680 Speaker 7: President did this using his own authority. He can easily 61 00:03:15,800 --> 00:03:18,240 Speaker 7: undo it. The reason we don't have a secure border 62 00:03:18,320 --> 00:03:22,200 Speaker 7: right now is because he has used discretion to dismantle 63 00:03:22,320 --> 00:03:25,400 Speaker 7: policies of the previous administration. That the thing is the 64 00:03:25,440 --> 00:03:29,880 Speaker 7: Senate bill simply gave him some more discretion. But if 65 00:03:29,880 --> 00:03:32,679 Speaker 7: he's not using the current discretion he has, what makes 66 00:03:32,680 --> 00:03:35,200 Speaker 7: you think he's actually going to do something to actually 67 00:03:35,240 --> 00:03:38,000 Speaker 7: solve this problem. And that is why I say, look, 68 00:03:38,040 --> 00:03:40,400 Speaker 7: we need to reinstate the policies, if not of the 69 00:03:40,440 --> 00:03:46,320 Speaker 7: Predeus administration, at least have your Secretary of Homeland Security rescind. 70 00:03:45,880 --> 00:03:49,360 Speaker 8: His direct to the border patrol agents. 71 00:03:49,520 --> 00:03:53,120 Speaker 7: They're being told that if someone is convicted of a crime, 72 00:03:53,440 --> 00:03:55,160 Speaker 7: that is not grounds to deport them. 73 00:03:55,160 --> 00:03:56,920 Speaker 8: That on its own, that is wrong. 74 00:03:57,040 --> 00:03:59,320 Speaker 7: And that is why we see these criminals coming into 75 00:03:59,360 --> 00:04:00,120 Speaker 7: New York City. 76 00:04:00,200 --> 00:04:03,320 Speaker 8: They're wreaking havoc and they've assaulted police officers. 77 00:04:03,320 --> 00:04:05,720 Speaker 7: We've seen stabbings, we've been seen a murder, and I'm 78 00:04:05,720 --> 00:04:08,320 Speaker 7: not going to tolerate this anymore until the president decides 79 00:04:08,520 --> 00:04:10,680 Speaker 7: he is going to actually work with. 80 00:04:10,720 --> 00:04:12,960 Speaker 8: Us to really secure the border, or. 81 00:04:12,920 --> 00:04:15,640 Speaker 7: We just get a new president or a Senator that 82 00:04:15,640 --> 00:04:18,839 Speaker 7: would actually take up our legislation or negotiate with us 83 00:04:19,160 --> 00:04:22,720 Speaker 7: on a package that will truly secure the border. Not 84 00:04:24,320 --> 00:04:26,720 Speaker 7: what they're saying they're doing, because it's the Senate bill 85 00:04:26,760 --> 00:04:29,640 Speaker 7: again is discretionary, and if the president's not using his 86 00:04:29,720 --> 00:04:31,840 Speaker 7: current discretion, what makes you think he's actually going to 87 00:04:31,920 --> 00:04:33,359 Speaker 7: do something when that bill passes. 88 00:04:34,120 --> 00:04:36,359 Speaker 6: Well, you've got a lot of company, a congresswoman. The 89 00:04:36,360 --> 00:04:39,360 Speaker 6: speaker failed to get a majority of the majority, which 90 00:04:39,400 --> 00:04:41,080 Speaker 6: is something that a lot of people were using as 91 00:04:41,120 --> 00:04:43,880 Speaker 6: an important metric on this vote. Before you joined us, 92 00:04:43,920 --> 00:04:45,960 Speaker 6: we were talking about a motion to vacate. Now that's 93 00:04:46,000 --> 00:04:49,359 Speaker 6: been filed by your colleague from Georgia, Marjorie Taylor Green. 94 00:04:50,040 --> 00:04:53,599 Speaker 6: Does Mike Johnson deserve that motion to vacate? 95 00:04:55,080 --> 00:04:57,800 Speaker 7: Look, I don't think so. I think the problem is 96 00:04:57,839 --> 00:05:00,440 Speaker 7: not our speaker. The problem is the pres of the 97 00:05:00,520 --> 00:05:03,719 Speaker 7: United States and the Senate majority leader. You got to 98 00:05:03,720 --> 00:05:07,120 Speaker 7: remember the Republicans control one third of the government. Here, 99 00:05:07,160 --> 00:05:08,640 Speaker 7: we were outnumbered two to one. 100 00:05:08,880 --> 00:05:10,360 Speaker 9: Speak this build low. 101 00:05:11,120 --> 00:05:13,000 Speaker 8: It's very difficult. Yeah, he didn't negotiate it. 102 00:05:13,000 --> 00:05:15,440 Speaker 7: But the reason why I think we didn't get more 103 00:05:15,480 --> 00:05:18,480 Speaker 7: of the things we wanted was because he's out numbered 104 00:05:18,600 --> 00:05:20,599 Speaker 7: two to one. And the reality is if people want 105 00:05:20,640 --> 00:05:24,120 Speaker 7: to see the border being secured, they want energy production 106 00:05:24,279 --> 00:05:28,360 Speaker 7: to lower costs of food and energy and utilities and inflation, 107 00:05:28,760 --> 00:05:31,280 Speaker 7: then we need to have somebody who's actually going to 108 00:05:31,320 --> 00:05:34,360 Speaker 7: pass our legislation over in the Senate or a president 109 00:05:34,400 --> 00:05:36,680 Speaker 7: who's willing to work with us on those objectives. 110 00:05:36,800 --> 00:05:38,880 Speaker 8: The thing is their goals are very different than ours. 111 00:05:38,960 --> 00:05:41,440 Speaker 7: They want to allow millions of people to come into 112 00:05:41,480 --> 00:05:45,240 Speaker 7: the country. They believe that Okay, the anti energy policies 113 00:05:45,279 --> 00:05:48,960 Speaker 7: coming out of this administration have driven utility costs in 114 00:05:49,000 --> 00:05:52,880 Speaker 7: New York and elsewhere to go up significantly. American families 115 00:05:52,920 --> 00:05:55,400 Speaker 7: can't afford the policies of this president and we need 116 00:05:55,440 --> 00:05:57,760 Speaker 7: to fight back. We can't do it unless we have 117 00:05:58,200 --> 00:06:01,320 Speaker 7: more people, either in the Senate or, like I said, 118 00:06:01,480 --> 00:06:04,920 Speaker 7: a president, so I would I would say that I'm 119 00:06:04,920 --> 00:06:08,520 Speaker 7: not ready to vacate the speakership again. You remember the 120 00:06:08,560 --> 00:06:12,119 Speaker 7: disaster that created last time when all the Democrats sided 121 00:06:12,160 --> 00:06:15,279 Speaker 7: with a handful of Republicans to. 122 00:06:14,560 --> 00:06:15,760 Speaker 8: Get rid of Speaker McCarthy. 123 00:06:15,839 --> 00:06:17,680 Speaker 7: I think we had a weaker hand, by the way, 124 00:06:17,680 --> 00:06:19,880 Speaker 7: in this negotiation because we lost a lot of the 125 00:06:19,960 --> 00:06:22,400 Speaker 7: leverage because of that. I think Kevin McCarthy would have 126 00:06:22,440 --> 00:06:26,320 Speaker 7: done a better job negotiating for us. And by the way, 127 00:06:27,000 --> 00:06:29,600 Speaker 7: Mike Johnson knows that the border security is our number 128 00:06:29,600 --> 00:06:31,800 Speaker 7: one issue, and to come back to this conference with 129 00:06:31,880 --> 00:06:35,479 Speaker 7: this legislation and not have significant policy changes from this 130 00:06:35,520 --> 00:06:37,239 Speaker 7: administration is a failure. 131 00:06:39,600 --> 00:06:43,039 Speaker 4: Well, you have had many colleagues, including Congressman Ship Roy 132 00:06:43,080 --> 00:06:46,320 Speaker 4: of Texas, suggesting that this House Republican Conference as a failures. 133 00:06:46,360 --> 00:06:49,000 Speaker 4: You haven't really been able to get many conservative priorities 134 00:06:49,440 --> 00:06:52,120 Speaker 4: across the finish line. And it does beg the question, 135 00:06:53,160 --> 00:06:55,719 Speaker 4: with all of that perhaps being true, I'm sure you 136 00:06:55,760 --> 00:06:57,839 Speaker 4: have an opinion on that, the idea that not much 137 00:06:57,839 --> 00:07:00,200 Speaker 4: has been able to come out of this Congress Worth 138 00:07:00,240 --> 00:07:02,240 Speaker 4: pointing out there is an election in November. Do you 139 00:07:02,240 --> 00:07:04,800 Speaker 4: think move such as this from Marjorie Taylor Green further 140 00:07:04,960 --> 00:07:06,800 Speaker 4: threaten the House majority? 141 00:07:07,920 --> 00:07:09,320 Speaker 8: I think it's unhelpful. 142 00:07:09,840 --> 00:07:11,360 Speaker 7: And as I said, it's not that we need a 143 00:07:11,400 --> 00:07:13,640 Speaker 7: new speaker, we need a new president and a new 144 00:07:13,640 --> 00:07:14,920 Speaker 7: Senate majority leader. 145 00:07:15,120 --> 00:07:16,880 Speaker 8: And as for look Chip Roy. 146 00:07:17,320 --> 00:07:19,680 Speaker 7: I would say that we have been very successful in 147 00:07:19,720 --> 00:07:23,200 Speaker 7: passing the legislation that the American people want. Remember, we 148 00:07:23,360 --> 00:07:27,400 Speaker 7: passed our legislation to ramp up domestic energy production that 149 00:07:27,440 --> 00:07:30,720 Speaker 7: would lower costs for American families and businesses. The Senate 150 00:07:30,760 --> 00:07:32,880 Speaker 7: wouldn't take it up. We passed a bill to give 151 00:07:32,960 --> 00:07:35,880 Speaker 7: parents more saying their children's education and have a right 152 00:07:35,960 --> 00:07:38,040 Speaker 7: to see the material of the children with their children 153 00:07:38,040 --> 00:07:40,760 Speaker 7: are being taught in schools. The Senate wouldn't take it up. 154 00:07:41,280 --> 00:07:44,120 Speaker 7: We passed a border security measure that was really tough 155 00:07:44,680 --> 00:07:46,760 Speaker 7: and would do the job that needs to be done. 156 00:07:47,080 --> 00:07:49,480 Speaker 7: The Senate wouldn't take it up. And so you ask 157 00:07:49,600 --> 00:07:52,040 Speaker 7: me about you know, we're not passing legislation that comes 158 00:07:52,080 --> 00:07:54,920 Speaker 7: out of the set. They're not passing our legislation. We're 159 00:07:54,960 --> 00:07:56,640 Speaker 7: the ones who have the power of the purse. 160 00:07:56,720 --> 00:07:57,240 Speaker 8: Remember that. 161 00:07:57,680 --> 00:08:01,760 Speaker 7: So all these fiscal posse he's originate in the House. 162 00:08:02,080 --> 00:08:04,600 Speaker 7: They should be taking up our legislation. I'm happy again, 163 00:08:05,040 --> 00:08:07,320 Speaker 7: Not everything in that Senate bill is bad, but they 164 00:08:07,520 --> 00:08:09,920 Speaker 7: didn't do the job of actually securing the border, and 165 00:08:10,000 --> 00:08:13,000 Speaker 7: so we can negotiate from those starting points and come 166 00:08:13,080 --> 00:08:14,160 Speaker 7: up with something solid. 167 00:08:14,400 --> 00:08:16,840 Speaker 8: But really all of this is mute if the President. 168 00:08:16,480 --> 00:08:20,040 Speaker 7: Just did his job and used his discretion. The existing 169 00:08:20,080 --> 00:08:23,520 Speaker 7: authority has under sections eleven eighty two and twelve twenty 170 00:08:23,560 --> 00:08:24,600 Speaker 7: five of Title eight. 171 00:08:24,920 --> 00:08:27,600 Speaker 8: Again, can it's all there. It's the laws exist. 172 00:08:27,640 --> 00:08:29,800 Speaker 7: That's why we never had this crisis under any other 173 00:08:29,840 --> 00:08:32,080 Speaker 7: American president, Republican or Democrat. 174 00:08:33,720 --> 00:08:37,319 Speaker 6: We're spending time with Congresswoman Nicole Maliatakis here on Bloomberg 175 00:08:37,400 --> 00:08:40,280 Speaker 6: TV at Radio as part of our coverage today on 176 00:08:40,360 --> 00:08:43,400 Speaker 6: Balance of Power. The Republican from New York voting against 177 00:08:43,440 --> 00:08:46,560 Speaker 6: that spending package today, and as we heard from Marjorie 178 00:08:46,600 --> 00:08:49,079 Speaker 6: Taylor Green a bit earlier congresswoman, it appeared to be 179 00:08:49,160 --> 00:08:53,000 Speaker 6: the trigger for her would be a vote on Ukraine funding. 180 00:08:53,240 --> 00:08:56,720 Speaker 6: Now that this appears to be this budgeting process appears 181 00:08:56,760 --> 00:08:59,880 Speaker 6: to be drawing to a close, is that the next 182 00:09:00,080 --> 00:09:02,880 Speaker 6: matter that will be handled? Do you want to see 183 00:09:02,920 --> 00:09:06,679 Speaker 6: Speaker Mike Johnson bring a Ukraine funding bill to the floor, 184 00:09:06,720 --> 00:09:10,199 Speaker 6: whether it's tied to Israel funding or as a standalone. 185 00:09:11,559 --> 00:09:14,760 Speaker 7: I want the border secured in this country. I want 186 00:09:14,800 --> 00:09:16,440 Speaker 7: this unsustainable crisis. 187 00:09:16,120 --> 00:09:16,640 Speaker 3: To Earth. 188 00:09:18,160 --> 00:09:20,480 Speaker 8: Just to be closed. But but what I'm. 189 00:09:20,320 --> 00:09:23,480 Speaker 6: Saying, so you want to have a border funding bill 190 00:09:23,559 --> 00:09:26,000 Speaker 6: before you manage the matter of Ukraine. 191 00:09:26,640 --> 00:09:28,959 Speaker 7: If we can work something out where we can address 192 00:09:29,000 --> 00:09:31,839 Speaker 7: both issues, I think that is the route that would 193 00:09:31,880 --> 00:09:36,880 Speaker 7: most likely be taken and satisfy both parties in both houses, 194 00:09:36,920 --> 00:09:40,040 Speaker 7: because what's happening is you see Senator Schumer is so 195 00:09:40,160 --> 00:09:42,520 Speaker 7: focused on Ukraine only doesn't want to do anything on 196 00:09:42,559 --> 00:09:43,000 Speaker 7: the border. 197 00:09:43,120 --> 00:09:44,880 Speaker 8: House Republicans, yes, we want. 198 00:09:44,720 --> 00:09:48,760 Speaker 7: To support democracies in fighting against oppressors, but we want 199 00:09:48,760 --> 00:09:52,880 Speaker 7: to secure our border first, So maybe there's an opportunity 200 00:09:52,920 --> 00:09:56,319 Speaker 7: for us to address these issues together as a matter 201 00:09:56,320 --> 00:09:58,559 Speaker 7: of a give and take. But for me to support 202 00:09:58,720 --> 00:10:02,720 Speaker 7: sending more money overseas without securing our border, it is 203 00:10:02,800 --> 00:10:06,920 Speaker 7: crippling this country. It is really a major problem, and 204 00:10:07,280 --> 00:10:09,920 Speaker 7: I'm concerned as a New Yorker, we could potentially have 205 00:10:09,960 --> 00:10:12,520 Speaker 7: a terrorist attack if we continue to have these open borders. 206 00:10:12,720 --> 00:10:14,320 Speaker 8: We've catched terrorists of the border. 207 00:10:14,360 --> 00:10:16,240 Speaker 7: Who knows how many you are in in the country already, 208 00:10:16,360 --> 00:10:20,199 Speaker 7: there's been over two million gunaways that have evaded law enforcement, 209 00:10:20,320 --> 00:10:22,880 Speaker 7: invaded government officials, and they're in this country. We don't 210 00:10:22,920 --> 00:10:24,840 Speaker 7: know who they are, where they are, or what their 211 00:10:24,880 --> 00:10:25,840 Speaker 7: intentions are. 212 00:10:26,000 --> 00:10:27,600 Speaker 8: And that is what frightens me the most. 213 00:10:27,679 --> 00:10:28,840 Speaker 7: And I'm not going to be a part of this, 214 00:10:29,040 --> 00:10:31,520 Speaker 7: and that's why I voted note of fund this agency 215 00:10:31,720 --> 00:10:32,720 Speaker 7: that won't do its job. 216 00:10:33,720 --> 00:10:34,040 Speaker 8: All right. 217 00:10:34,080 --> 00:10:37,199 Speaker 4: Congressman Nicole Maliatakis from New York joining us live from 218 00:10:37,200 --> 00:10:41,480 Speaker 4: Capitol Hill today. Thank you. 219 00:10:41,480 --> 00:10:44,880 Speaker 2: You're listening to the Bloomberg Balance of Power podcast kens 220 00:10:45,000 --> 00:10:48,120 Speaker 2: just Live weekdays at noon Eastern on Apple CarPlay and then. 221 00:10:48,080 --> 00:10:49,959 Speaker 3: Roud Oto with the Bloomberg Business app. 222 00:10:50,120 --> 00:10:53,000 Speaker 2: You can also listen live on Amazon Alexa from our 223 00:10:53,000 --> 00:10:58,680 Speaker 2: flagship New York station, Just Say Alexa playing Bloomberg eleven thirty. 224 00:11:00,080 --> 00:11:02,520 Speaker 6: We had the voice now of Denver Riggleman, the former 225 00:11:02,559 --> 00:11:06,480 Speaker 6: congressman is with us here, of course, the former Republican 226 00:11:06,520 --> 00:11:09,960 Speaker 6: congressman who joins us from time to time. With a 227 00:11:09,960 --> 00:11:12,360 Speaker 6: lot of news in the air today that we want 228 00:11:12,360 --> 00:11:15,120 Speaker 6: to talk about. Denver, thank you for joining. There's a 229 00:11:15,160 --> 00:11:17,840 Speaker 6: motion to vacate now filed against the speaker who just 230 00:11:17,880 --> 00:11:21,160 Speaker 6: somehow got a funding bill passed with the help of Democrats. 231 00:11:21,200 --> 00:11:23,160 Speaker 6: It came courtesy of Marjorie Taylor Green. 232 00:11:23,320 --> 00:11:24,199 Speaker 9: Does he deserve it? 233 00:11:26,040 --> 00:11:26,199 Speaker 10: Oh? 234 00:11:26,280 --> 00:11:28,360 Speaker 11: I mean, my goodness, this is the real March madness, 235 00:11:28,400 --> 00:11:29,360 Speaker 11: isn't it. 236 00:11:29,360 --> 00:11:31,920 Speaker 10: It's pretty nuts performative politics. 237 00:11:32,559 --> 00:11:35,160 Speaker 11: But based on a significant i would say portion of 238 00:11:35,200 --> 00:11:37,520 Speaker 11: the membership of the GOP, they certainly think he deserves 239 00:11:37,559 --> 00:11:40,719 Speaker 11: it because he sold out to the end quotes I'll 240 00:11:40,720 --> 00:11:43,360 Speaker 11: put this in air quotes, you know, the globalist Democrats. 241 00:11:43,800 --> 00:11:45,600 Speaker 10: So yeah, I think that's what we have right now. 242 00:11:45,640 --> 00:11:48,640 Speaker 11: And with this performative I would say bat I'll use 243 00:11:48,679 --> 00:11:50,559 Speaker 11: a better word, bat crappery. 244 00:11:50,520 --> 00:11:51,679 Speaker 10: That you're seeing right now. 245 00:11:51,800 --> 00:11:53,559 Speaker 11: I think it's just sort of amazing to me that 246 00:11:53,600 --> 00:11:55,800 Speaker 11: she's still getting the type of media attention she's getting 247 00:11:55,800 --> 00:11:58,559 Speaker 11: with these kind of ridiculous things like motions to vacate. 248 00:12:00,600 --> 00:12:03,880 Speaker 4: Well, we've heard from even Republicans who were involved in 249 00:12:03,920 --> 00:12:07,400 Speaker 4: the motion to vacate against Kevin McCarthy, specifically the individual 250 00:12:07,400 --> 00:12:10,240 Speaker 4: who brought it, the Congressman from Florida, Matt Gates, suggested 251 00:12:10,280 --> 00:12:13,040 Speaker 4: that he wouldn't want to support emotion to vacate because 252 00:12:13,080 --> 00:12:15,280 Speaker 4: there was a likelihood that the House could elect a 253 00:12:15,400 --> 00:12:19,920 Speaker 4: Democratic speaker, considering we're working with a very thin Republican 254 00:12:20,320 --> 00:12:22,800 Speaker 4: majority here. Even if this were to work, if Marjorie 255 00:12:22,840 --> 00:12:25,319 Speaker 4: Taylor Green were to act on it and kick Johnson out, 256 00:12:25,760 --> 00:12:27,640 Speaker 4: what would follow Denver. 257 00:12:29,040 --> 00:12:31,120 Speaker 10: Chaos, the same thing that's followed in the one hundred 258 00:12:31,120 --> 00:12:35,679 Speaker 10: and eighteenth Congress. Since she said today she doesn't want chaos, well. 259 00:12:35,480 --> 00:12:38,160 Speaker 11: I mean, what Marjorie Taylor Green says and what she 260 00:12:38,240 --> 00:12:41,200 Speaker 11: does are usually opposite things. And if you look at 261 00:12:41,240 --> 00:12:44,120 Speaker 11: what happened today, right, you have somebody who's self identified 262 00:12:44,120 --> 00:12:47,360 Speaker 11: as a Christian nationalist going after Mike Johnson, who believes 263 00:12:47,360 --> 00:12:49,760 Speaker 11: he's been called to be in that position. You know, 264 00:12:49,840 --> 00:12:51,960 Speaker 11: by God, you know, almost have their own God on 265 00:12:52,000 --> 00:12:55,319 Speaker 11: God violence here, chaos is the only thing that gets 266 00:12:55,320 --> 00:12:57,800 Speaker 11: Marjorie Taylor Green media clicks. And if you looked at 267 00:12:57,800 --> 00:12:59,640 Speaker 11: the pictures of her on the steps today, right she 268 00:12:59,720 --> 00:13:02,680 Speaker 11: was so rounded by media based on her motion to vacate. 269 00:13:02,800 --> 00:13:05,560 Speaker 11: This is the performative crap that you're seeing right now. 270 00:13:05,600 --> 00:13:08,440 Speaker 11: I think a preschool is more sophisticated than Congress right now, 271 00:13:08,760 --> 00:13:10,160 Speaker 11: and I think that's the issue that you have, as 272 00:13:10,200 --> 00:13:12,800 Speaker 11: there's unserious people there. So what she says and what 273 00:13:12,840 --> 00:13:14,960 Speaker 11: she does are two opposite things. And if you go 274 00:13:15,000 --> 00:13:17,720 Speaker 11: back in her past, that's what she does. She's just 275 00:13:17,760 --> 00:13:20,160 Speaker 11: there to get as many clicks as possible to be performative, 276 00:13:20,480 --> 00:13:22,600 Speaker 11: and other people follow along because it helps with they're 277 00:13:22,600 --> 00:13:25,040 Speaker 11: fundraising and helps what they're polling, and it could help 278 00:13:25,040 --> 00:13:26,640 Speaker 11: in their elections coming up in this cycle. 279 00:13:27,760 --> 00:13:30,839 Speaker 6: So she has no intention of firing the Speaker of 280 00:13:30,880 --> 00:13:34,440 Speaker 6: the House, then, if I'm reading you right, Denver. And 281 00:13:34,480 --> 00:13:37,760 Speaker 6: if that's the case, couldn't she end up strengthening Mike 282 00:13:37,880 --> 00:13:41,000 Speaker 6: Johnson's hand if he appears to have survived this effort 283 00:13:41,000 --> 00:13:43,320 Speaker 6: from Marjorie Taylor Green and MAGA Inc. 284 00:13:44,880 --> 00:13:47,280 Speaker 10: Marjorie Taylor Green doesn't think that far ahead right now, 285 00:13:47,280 --> 00:13:49,720 Speaker 10: she's auditioning to be in the Trump cabinet or be 286 00:13:49,760 --> 00:13:52,240 Speaker 10: a Trump appointee. So yeah, So. 287 00:13:52,200 --> 00:13:54,320 Speaker 11: When you look at the strategy of these individuals, it's 288 00:13:54,360 --> 00:13:57,960 Speaker 11: so naked and so transparent. They're out there trying to 289 00:13:58,040 --> 00:13:59,960 Speaker 11: actually mar a lago is where they're getting their mon 290 00:14:00,080 --> 00:14:03,079 Speaker 11: arching orders. So it's interesting the chaos that's being churned 291 00:14:03,320 --> 00:14:05,920 Speaker 11: up right now. But it could be that Marjorie Taylor 292 00:14:05,960 --> 00:14:08,440 Speaker 11: Green is just a flank, you know, on the Trump 293 00:14:08,520 --> 00:14:11,560 Speaker 11: type of I would say, campaigning in order to push 294 00:14:11,559 --> 00:14:13,079 Speaker 11: all these crazy narratives out there. 295 00:14:13,120 --> 00:14:15,200 Speaker 10: And you know what she's doing though, she is setting 296 00:14:15,200 --> 00:14:15,600 Speaker 10: the stage. 297 00:14:15,640 --> 00:14:18,000 Speaker 11: Remember with McCarthy, this is sort of how it started 298 00:14:18,000 --> 00:14:21,240 Speaker 11: happening too, right, you have the first little poke that 299 00:14:21,320 --> 00:14:23,520 Speaker 11: seems crazy, but it could be a way that they 300 00:14:23,560 --> 00:14:23,960 Speaker 11: want to go. 301 00:14:24,040 --> 00:14:26,040 Speaker 10: So again, I think Mike Johnson needs to be careful. 302 00:14:26,080 --> 00:14:27,760 Speaker 11: And when you look at the passing of the budget today, 303 00:14:27,800 --> 00:14:29,640 Speaker 11: they barely got over the two thirds you still see 304 00:14:29,640 --> 00:14:31,440 Speaker 11: I think, and you can fact check me. I think 305 00:14:31,440 --> 00:14:33,600 Speaker 11: it was one hundred and thirty four Republicans voted against it. 306 00:14:33,600 --> 00:14:36,960 Speaker 11: Does that sound correct? That's still a significant portion of 307 00:14:37,000 --> 00:14:39,680 Speaker 11: the Republican conference. So again, It's going to be really 308 00:14:39,680 --> 00:14:42,480 Speaker 11: interesting to see where this craziness ends up over the 309 00:14:42,480 --> 00:14:44,920 Speaker 11: next few months as the presidential campaign heats up. 310 00:14:46,640 --> 00:14:49,360 Speaker 4: Well, one hundred and twelve Republicans voted against, but that 311 00:14:49,480 --> 00:14:51,520 Speaker 4: is more than the one hundred and one Republicans that 312 00:14:51,640 --> 00:14:54,560 Speaker 4: voted for. To your point, Denver, the Hast rule did 313 00:14:54,560 --> 00:14:57,320 Speaker 4: not work in this case. It did not pass the 314 00:14:57,360 --> 00:15:00,600 Speaker 4: majority of the majority. You were talking though about Donald Trump, 315 00:15:00,680 --> 00:15:02,960 Speaker 4: how Marjorie Taylor Green potentially would want to work in 316 00:15:03,000 --> 00:15:05,960 Speaker 4: a second Trump administration. But we also know that President 317 00:15:06,200 --> 00:15:10,160 Speaker 4: former President Trump and Speaker Johnson are close and talk frequently. 318 00:15:10,200 --> 00:15:13,600 Speaker 4: Would Donald Trump allow him to be ousted? 319 00:15:15,120 --> 00:15:17,880 Speaker 10: Well, he didn't have a big issue with McCarthy being ousted. 320 00:15:18,400 --> 00:15:19,600 Speaker 10: I don't really. 321 00:15:19,640 --> 00:15:22,040 Speaker 11: I think Trump only cares about what happens for him 322 00:15:22,080 --> 00:15:25,000 Speaker 11: in his presidential race. You know, he's not particularly close 323 00:15:25,040 --> 00:15:27,680 Speaker 11: to Mike Johnson. If you notice, you know Trump uses 324 00:15:27,760 --> 00:15:31,440 Speaker 11: loyalty like a stick, right. The loyalty only goes one way. 325 00:15:31,520 --> 00:15:34,440 Speaker 11: So I would humbly submit. And I know you both 326 00:15:34,440 --> 00:15:36,120 Speaker 11: are you have both of you have your fingers on 327 00:15:36,160 --> 00:15:37,960 Speaker 11: the pulse. I love talking to both of you. I 328 00:15:37,960 --> 00:15:41,040 Speaker 11: would humbly submit that Donald Trump will do anything he 329 00:15:41,120 --> 00:15:43,200 Speaker 11: can to ensure that he stays in the news, that 330 00:15:43,280 --> 00:15:45,520 Speaker 11: his biggest supporter stays in the news. But as far 331 00:15:45,560 --> 00:15:48,080 Speaker 11: as you know, I would say extending loyalty to anybody, 332 00:15:48,240 --> 00:15:50,320 Speaker 11: Donald Trump hasn't done it, and he's not about to 333 00:15:50,320 --> 00:15:53,000 Speaker 11: start now. So Mike Johnson as expendable as anybody else. 334 00:15:54,200 --> 00:15:57,080 Speaker 6: Ken Buck is out today Denver. We're down to two 335 00:15:57,160 --> 00:16:00,880 Speaker 6: seats for Mike Johnson. People are hearing about the motion 336 00:16:01,000 --> 00:16:03,440 Speaker 6: that vacate. I figure we'll fight and argue all summer 337 00:16:04,000 --> 00:16:08,480 Speaker 6: throughout campaign season. Can we say that Republicans lost the 338 00:16:08,480 --> 00:16:11,080 Speaker 6: House majority today? 339 00:16:11,360 --> 00:16:13,360 Speaker 11: Darn close to it. I mean, you still have a 340 00:16:13,360 --> 00:16:16,080 Speaker 11: couple sane Republicans left in there. I mean they're dwindling. 341 00:16:16,920 --> 00:16:19,200 Speaker 11: But when you see things that happen today, you see 342 00:16:19,200 --> 00:16:23,160 Speaker 11: Marjorie Taylor Green, when you see very important votes that 343 00:16:23,240 --> 00:16:26,960 Speaker 11: really really define what America needs to be, I think 344 00:16:26,960 --> 00:16:29,760 Speaker 11: today that the Republicans are really on the ropes. And 345 00:16:30,200 --> 00:16:32,360 Speaker 11: I'm really wondering about the twenty twenty four elections. I'm 346 00:16:32,400 --> 00:16:34,800 Speaker 11: wondering about the polling, what they're singing their cross tabs, 347 00:16:35,640 --> 00:16:37,920 Speaker 11: what their base is expecting them to say. But I 348 00:16:37,960 --> 00:16:39,800 Speaker 11: would say right now that the Republicans are going to 349 00:16:39,880 --> 00:16:43,080 Speaker 11: have a tough time passing any type of agenda that. 350 00:16:42,960 --> 00:16:45,800 Speaker 10: Pushes what Trump wants them to push. And there you go. 351 00:16:46,120 --> 00:16:48,040 Speaker 11: Right now you're looking at what is going to happen 352 00:16:48,040 --> 00:16:50,200 Speaker 11: to the GOP conference. Now, Ken buck leaving, I think 353 00:16:50,280 --> 00:16:53,080 Speaker 11: is a great thing. It also put Lauren Bobert, you know, 354 00:16:53,120 --> 00:16:55,840 Speaker 11: it leveraged her also. So now things are getting a 355 00:16:55,840 --> 00:16:58,400 Speaker 11: little nutty. And I really think in twenty twenty four 356 00:16:58,440 --> 00:16:59,880 Speaker 11: you're going to see a real shift and I think 357 00:16:59,840 --> 00:17:01,600 Speaker 11: you see the Democrats take back the House, and I 358 00:17:01,600 --> 00:17:02,920 Speaker 11: don't think it's going to be a buy three or 359 00:17:02,960 --> 00:17:05,160 Speaker 11: four votes. I think they're going to do okay there 360 00:17:05,160 --> 00:17:07,520 Speaker 11: at this point. But you know, trying to tell the 361 00:17:07,560 --> 00:17:10,640 Speaker 11: future in politics is very difficult. But again, I think 362 00:17:10,720 --> 00:17:13,040 Speaker 11: right now they've effectively lost the ability to do much 363 00:17:13,040 --> 00:17:14,920 Speaker 11: in Congress with any type of GOP agenda. 364 00:17:16,560 --> 00:17:20,240 Speaker 4: Well, on the subject of Democrats, we know that they 365 00:17:20,240 --> 00:17:24,119 Speaker 4: did not act in any form to protect Speaker McCarthy 366 00:17:24,280 --> 00:17:26,560 Speaker 4: when he was being ousted. Would you hope that they 367 00:17:26,600 --> 00:17:29,879 Speaker 4: would act differently in the case of Mike Johnson? Should 368 00:17:29,920 --> 00:17:32,400 Speaker 4: they considering all of the political implications here you were 369 00:17:32,440 --> 00:17:35,040 Speaker 4: just talking about, you know, if you're. 370 00:17:34,960 --> 00:17:37,280 Speaker 11: Looking at it, there's two ways here, right, If you're 371 00:17:37,320 --> 00:17:39,680 Speaker 11: looking at it completely politically, there's no reason they should. 372 00:17:39,720 --> 00:17:42,760 Speaker 11: You know, the Republicans made their bed with this insanity. 373 00:17:43,080 --> 00:17:44,920 Speaker 11: You know, why would Democrats pull them out of their 374 00:17:44,960 --> 00:17:45,960 Speaker 11: you know, their flat spin? 375 00:17:46,200 --> 00:17:46,360 Speaker 3: Right? 376 00:17:46,400 --> 00:17:48,239 Speaker 11: They went ahead and they killed both engines on their 377 00:17:48,280 --> 00:17:50,479 Speaker 11: fighter jet. Now they're in a flat spin. You know, 378 00:17:50,800 --> 00:17:54,040 Speaker 11: why should the Democrats help them eject? You know, on 379 00:17:54,080 --> 00:17:56,240 Speaker 11: the other side, though, if you keep having this churn 380 00:17:56,280 --> 00:17:58,919 Speaker 11: in speakers even through before the twenty twenty four election, 381 00:17:59,359 --> 00:18:01,600 Speaker 11: it would be quite magnanimous of the Democrats to help 382 00:18:01,640 --> 00:18:04,880 Speaker 11: Mike Johnson, And indeed, if you might, I still think though, 383 00:18:04,880 --> 00:18:07,919 Speaker 11: as far as politically and the presidential election coming in 384 00:18:07,920 --> 00:18:10,520 Speaker 11: twenty twenty four, I think the Democrats would have a 385 00:18:10,520 --> 00:18:13,400 Speaker 11: tough time actually supporting any speaker outside of a Democrat. 386 00:18:13,680 --> 00:18:16,040 Speaker 11: What would be interesting is what is the flip? I 387 00:18:16,080 --> 00:18:18,080 Speaker 11: think Matt Gates is sort of full of crap anytime 388 00:18:18,080 --> 00:18:20,360 Speaker 11: he talks. You know, he's more like the human embodiment 389 00:18:20,400 --> 00:18:23,000 Speaker 11: of a wet fart. But I do believe right that 390 00:18:23,000 --> 00:18:25,640 Speaker 11: there could be some kind of possibility of moderns maybe 391 00:18:25,640 --> 00:18:27,080 Speaker 11: coming up for a Democratic speaker. 392 00:18:27,119 --> 00:18:29,560 Speaker 10: But again, it's politics. It's Congress. 393 00:18:29,560 --> 00:18:32,320 Speaker 11: It's the one hundred and eighteenth, maybe the craziest Congress 394 00:18:32,359 --> 00:18:33,760 Speaker 11: we've had in decades. 395 00:18:34,320 --> 00:18:36,120 Speaker 10: I just don't see the Democrats crossing. 396 00:18:35,840 --> 00:18:39,280 Speaker 11: The line and helping any Republican speaker at this point. 397 00:18:42,800 --> 00:18:45,280 Speaker 9: Okay, having a little trouble with that one. Congressman. 398 00:18:45,359 --> 00:18:47,639 Speaker 6: Let me just ask you lastly, will this pass the 399 00:18:47,680 --> 00:18:48,320 Speaker 6: Senate tonight? 400 00:18:50,240 --> 00:18:52,080 Speaker 10: I think it will. 401 00:18:52,640 --> 00:18:54,320 Speaker 11: You know, again, it's hard to tell the future, but 402 00:18:54,359 --> 00:18:56,040 Speaker 11: I think this passes the Senate, and I think I 403 00:18:56,040 --> 00:18:57,359 Speaker 11: think the budget passes tonight. 404 00:19:00,000 --> 00:19:01,800 Speaker 9: All right, Denver Wrickle, let's walk him out. 405 00:19:01,880 --> 00:19:05,680 Speaker 6: The former congressman from an undisclosed location outside. 406 00:19:05,320 --> 00:19:07,400 Speaker 9: The blast radius in Virginia. We thank you for being 407 00:19:07,400 --> 00:19:07,639 Speaker 9: with us. 408 00:19:07,680 --> 00:19:14,959 Speaker 2: As always, you're listening to the Bloomberg Balance of Power podcast. 409 00:19:15,240 --> 00:19:18,480 Speaker 2: Catch Just Live weekdays at noon Eastern on Emocarplay and 410 00:19:18,520 --> 00:19:21,639 Speaker 2: then Rouno with the Bloomberg Business app. Listen on demand 411 00:19:21,720 --> 00:19:27,600 Speaker 2: wherever you get your podcasts, or watch us live on YouTube. 412 00:19:27,920 --> 00:19:30,840 Speaker 6: It is Ballance of Power. It's Friday, and boy, the 413 00:19:30,880 --> 00:19:33,480 Speaker 6: news doesn't stop. You thought you might have quiet day here. 414 00:19:33,560 --> 00:19:36,959 Speaker 6: It's actually been quite the adventure. First thing you should know, 415 00:19:37,000 --> 00:19:39,160 Speaker 6: if you're just joining us. Is the House actually got 416 00:19:39,160 --> 00:19:42,200 Speaker 6: it done. They passed the bill to avoid a shutdown 417 00:19:42,200 --> 00:19:45,320 Speaker 6: to fund our government through September. It's on its way 418 00:19:45,359 --> 00:19:47,760 Speaker 6: to the Senate now, and it was a convincing vote. 419 00:19:48,119 --> 00:19:51,679 Speaker 6: I guess good for Speaker Mike Johnson. He had Democrats 420 00:19:51,680 --> 00:19:56,040 Speaker 6: help him out two eighty six one four. But not 421 00:19:56,200 --> 00:20:00,879 Speaker 6: so good for Mike Johnson. Conservative Republicans are very angry. 422 00:20:00,960 --> 00:20:03,359 Speaker 6: The Freedom Caucus held an angry news conference at nine 423 00:20:03,400 --> 00:20:06,919 Speaker 6: o'clock this morning, and then Marjorie Taylor Green, separately, the 424 00:20:07,600 --> 00:20:10,560 Speaker 6: General Woman from Georgia, filed a motion to vacate to 425 00:20:10,760 --> 00:20:15,200 Speaker 6: fire the speaker, saying we need a new Speaker of 426 00:20:15,240 --> 00:20:18,359 Speaker 6: the House. She did not make the filing privilege so 427 00:20:18,400 --> 00:20:20,560 Speaker 6: she can hang this over his head for the rest 428 00:20:21,040 --> 00:20:24,000 Speaker 6: of this Congress, and did speak with reporters after she 429 00:20:24,160 --> 00:20:24,520 Speaker 6: did so. 430 00:20:24,600 --> 00:20:25,760 Speaker 9: Here's Marjorie Taylor Green. 431 00:20:26,160 --> 00:20:28,680 Speaker 5: I do not wish to inflict pain on our conference 432 00:20:28,920 --> 00:20:32,320 Speaker 5: and to throw the House in chaos, but this is 433 00:20:32,520 --> 00:20:35,120 Speaker 5: basically a warning and it's time for us to go 434 00:20:35,280 --> 00:20:38,679 Speaker 5: through through the process, take our time and find a 435 00:20:38,720 --> 00:20:41,920 Speaker 5: new Speaker of the House that will stand with Republicans 436 00:20:41,920 --> 00:20:45,160 Speaker 5: and our Republican majority instead of standing with the difficats. 437 00:20:47,680 --> 00:20:50,199 Speaker 6: All right, let's assemble the panel on this Friday, Rick 438 00:20:50,280 --> 00:20:53,280 Speaker 6: Davis and Jeanie Schanzano. We're here, by the grace of God, 439 00:20:53,280 --> 00:20:56,800 Speaker 6: Bloomberg Politics Contributors, our signature panel. Rick Davis, What in 440 00:20:56,800 --> 00:20:58,560 Speaker 6: the world is going on in the House to Speaker 441 00:20:58,640 --> 00:21:01,880 Speaker 6: Johnson actually have to worry about this? Just yesterday people 442 00:21:01,880 --> 00:21:05,320 Speaker 6: were talking about how he seemed like he was finally 443 00:21:05,440 --> 00:21:07,480 Speaker 6: galvanizing support in his conference. 444 00:21:08,760 --> 00:21:11,719 Speaker 12: Yeah, I don't know how much he was finally galvanizing support. 445 00:21:11,800 --> 00:21:15,040 Speaker 12: He was sweat and getting over one hundred Republicans on 446 00:21:15,080 --> 00:21:17,320 Speaker 12: this bill. He finally got one hundred and thirty four, 447 00:21:17,960 --> 00:21:20,879 Speaker 12: So I'd say that's a comfortable margin. Didn't please Marjorie 448 00:21:20,880 --> 00:21:22,880 Speaker 12: Taylor Green very much, and I think she'd be offended 449 00:21:22,920 --> 00:21:25,600 Speaker 12: that you called her the gentle woman. There's nothing gentle 450 00:21:25,680 --> 00:21:30,120 Speaker 12: about Marjorie Taylor Green. But that being said, I'd say 451 00:21:30,160 --> 00:21:33,600 Speaker 12: she's probably one of the least problems he's got one. 452 00:21:33,720 --> 00:21:37,320 Speaker 12: He's got a conference that now is completely rudderless, and 453 00:21:37,359 --> 00:21:39,640 Speaker 12: the next big thing on his agenda when they return 454 00:21:39,680 --> 00:21:42,000 Speaker 12: in two weeks is going to be Ukraine funding, and 455 00:21:42,040 --> 00:21:43,760 Speaker 12: he has no seeming. 456 00:21:43,480 --> 00:21:44,600 Speaker 10: Solution on that. 457 00:21:45,080 --> 00:21:48,160 Speaker 12: Secondarily, we'll talk about this in the course of today's program. 458 00:21:48,240 --> 00:21:52,400 Speaker 12: But he has a massive funding hole between the Republicans 459 00:21:52,400 --> 00:21:55,440 Speaker 12: in Congress and the Democrats in Congress for reelection, and 460 00:21:56,240 --> 00:21:59,040 Speaker 12: that is not an easy thing to fix. So and 461 00:21:59,080 --> 00:22:02,080 Speaker 12: I'd say two. Maybe the third thing is not only 462 00:22:02,160 --> 00:22:05,280 Speaker 12: is he upset Marjorie Taylor Green, but I'm pretty sure 463 00:22:05,320 --> 00:22:08,960 Speaker 12: the President Donald Trump is going to be pretty pissed 464 00:22:09,000 --> 00:22:10,840 Speaker 12: off that this bill. 465 00:22:10,640 --> 00:22:11,360 Speaker 10: Has passed away. 466 00:22:11,359 --> 00:22:14,720 Speaker 12: It has he'll echo the Freedom Caucus, and I suspect 467 00:22:14,800 --> 00:22:17,360 Speaker 12: sometime in the very near future we'll get an all 468 00:22:17,440 --> 00:22:22,840 Speaker 12: capped social media post on true social attacking the speaker. 469 00:22:22,920 --> 00:22:26,200 Speaker 12: So he's he's got a bunch of problems headed his way. 470 00:22:27,440 --> 00:22:27,720 Speaker 9: Wow. 471 00:22:29,080 --> 00:22:33,240 Speaker 6: Rick Davis with the Reality Check spokesman from Mike Johnson, 472 00:22:33,320 --> 00:22:36,119 Speaker 6: ROJ Shaw says, the speaker quote always listens to the 473 00:22:36,160 --> 00:22:42,240 Speaker 6: concerns of members, but is focused on governing. Quote Genie, 474 00:22:42,440 --> 00:22:45,159 Speaker 6: if Marjorie Taylor Green really wanted to fire the speaker, 475 00:22:45,160 --> 00:22:47,439 Speaker 6: why wouldn't she make that filing privilege and get on 476 00:22:47,480 --> 00:22:49,119 Speaker 6: with it in the next two legislative days. 477 00:22:50,480 --> 00:22:52,439 Speaker 13: Oh, Joe, are you asking me to look into the 478 00:22:52,480 --> 00:22:54,240 Speaker 13: mind of Marjorie Taylor Green? 479 00:22:54,320 --> 00:23:00,879 Speaker 6: I take us with you, you. 480 00:22:57,640 --> 00:23:00,439 Speaker 13: Know it was I was so hopeful for just a 481 00:23:00,480 --> 00:23:03,960 Speaker 13: moment that minibus was rolling on by, and then Marjorie 482 00:23:04,040 --> 00:23:06,720 Speaker 13: Taylor Green got on and threw the driver off, or 483 00:23:06,760 --> 00:23:10,600 Speaker 13: at least she's trying, you know. I think she would 484 00:23:10,680 --> 00:23:14,520 Speaker 13: like nothing more than to hang this over the speaker's head. 485 00:23:14,880 --> 00:23:17,080 Speaker 13: You know, Rick was just mentioning one of the big 486 00:23:17,119 --> 00:23:19,359 Speaker 13: things on the agenda when they get back from a 487 00:23:19,359 --> 00:23:22,760 Speaker 13: two week recess, because yes, they too need a vacation now, 488 00:23:24,359 --> 00:23:26,639 Speaker 13: is going to be Ukraine funding. And that's something in 489 00:23:26,680 --> 00:23:30,240 Speaker 13: those remarks that you were playing in her statement she referenced. 490 00:23:30,280 --> 00:23:32,959 Speaker 13: So I'm sure she would like to hear, you know, 491 00:23:33,040 --> 00:23:36,320 Speaker 13: she would like to speak about that, and she would 492 00:23:36,359 --> 00:23:38,040 Speaker 13: like to hang it over his head. And I think 493 00:23:38,200 --> 00:23:41,960 Speaker 13: even more than this bill, a vote to fund Ukraine 494 00:23:42,160 --> 00:23:45,560 Speaker 13: is going to set the former president Donald Trump into 495 00:23:45,640 --> 00:23:48,720 Speaker 13: a tizzy. So a lot there to hang over Mike 496 00:23:48,800 --> 00:23:52,800 Speaker 13: Johnson's head. And but I think we need to remember 497 00:23:52,840 --> 00:23:54,919 Speaker 13: we're in a very different time than we were in 498 00:23:55,000 --> 00:23:57,720 Speaker 13: October when they had the motion to vacate for McCarthy. 499 00:23:57,960 --> 00:24:01,399 Speaker 13: And I'm not convinced there was no will, certainly not 500 00:24:01,560 --> 00:24:04,520 Speaker 13: with Democratic moderates to do this all over again. 501 00:24:05,720 --> 00:24:08,240 Speaker 9: Wow, boy, there's so much there. 502 00:24:09,240 --> 00:24:09,440 Speaker 3: Rick. 503 00:24:09,520 --> 00:24:14,800 Speaker 6: Does a Ukraine vote trigger Marjorie Taylor Green to activate 504 00:24:14,840 --> 00:24:17,280 Speaker 6: this thing and fire the speaker? Is that what she 505 00:24:17,440 --> 00:24:18,359 Speaker 6: was setting up today? 506 00:24:19,400 --> 00:24:19,600 Speaker 8: You know? 507 00:24:19,640 --> 00:24:21,639 Speaker 12: I think what she was setting up today is there 508 00:24:21,640 --> 00:24:25,760 Speaker 12: a typical sort of you know, performance pitch. You know, 509 00:24:25,840 --> 00:24:28,120 Speaker 12: she needed something to go home to that she could 510 00:24:28,200 --> 00:24:31,240 Speaker 12: lead the news in. She's extraordinarily good at it, got 511 00:24:31,320 --> 00:24:35,200 Speaker 12: us talking about it all day today. So I think 512 00:24:35,240 --> 00:24:38,080 Speaker 12: that's all this is. She didn't she didn't pull the 513 00:24:38,119 --> 00:24:40,760 Speaker 12: trigger on this because frankly, she would have had a 514 00:24:40,880 --> 00:24:44,159 Speaker 12: horrible reaction from the vast majority of the caucus. Right 515 00:24:44,240 --> 00:24:46,080 Speaker 12: she said, well, I don't want to upset the caucus. Well, 516 00:24:46,119 --> 00:24:49,640 Speaker 12: then why do it at all? The reality of it 517 00:24:49,680 --> 00:24:53,080 Speaker 12: is that nobody in this caucus is talking about wanting 518 00:24:53,119 --> 00:24:57,840 Speaker 12: to expel Johnson from that seat. They have less than 519 00:24:57,960 --> 00:25:01,960 Speaker 12: seven months left potential to be the majority party in 520 00:25:02,000 --> 00:25:04,560 Speaker 12: the House, and the last thing I want to do 521 00:25:04,600 --> 00:25:06,879 Speaker 12: is spend one more day trying to figure out who 522 00:25:06,920 --> 00:25:09,479 Speaker 12: the next Speaker's going to be. So she has a 523 00:25:09,520 --> 00:25:14,200 Speaker 12: lot bigger problems trying to implement this than Ukraine policy. 524 00:25:14,400 --> 00:25:16,720 Speaker 12: She'll have an entire caucus who will wonder has she 525 00:25:16,800 --> 00:25:18,880 Speaker 12: lost her mind? Do we really want to be doing 526 00:25:18,880 --> 00:25:21,560 Speaker 12: this right before an election? And all these guys who 527 00:25:21,600 --> 00:25:23,119 Speaker 12: are trying to get out and spend more time in 528 00:25:23,160 --> 00:25:26,520 Speaker 12: their district running for reelection are going to be incensed 529 00:25:26,680 --> 00:25:28,760 Speaker 12: by this because the last thing they want to talk 530 00:25:28,800 --> 00:25:33,199 Speaker 12: about is the third selection of a speaker in the 531 00:25:33,240 --> 00:25:34,160 Speaker 12: course of one year. 532 00:25:35,280 --> 00:25:40,280 Speaker 6: Yeah, Geni Tom Swazi, of course, Democrat, newly elected, re 533 00:25:40,400 --> 00:25:43,000 Speaker 6: elected Democrat from New York who's got the old what 534 00:25:43,160 --> 00:25:47,439 Speaker 6: was the George Santos seat with its own peculiar politics, 535 00:25:47,520 --> 00:25:50,760 Speaker 6: just set on CNN that he would vote to protect 536 00:25:50,880 --> 00:25:54,359 Speaker 6: Mike Johnson if a motion to vacate were triggered. 537 00:25:54,400 --> 00:25:56,960 Speaker 9: Are we on the eve of some sort. 538 00:25:56,800 --> 00:26:00,520 Speaker 6: Of power sharing agreement in which Democrats moved to save him? 539 00:26:02,200 --> 00:26:02,919 Speaker 1: We could be. 540 00:26:03,119 --> 00:26:05,760 Speaker 13: And that's what I was mentioning when I talked about 541 00:26:05,840 --> 00:26:09,160 Speaker 13: moderate Democrats. I mean, forget about the Republicans right now. 542 00:26:09,400 --> 00:26:12,199 Speaker 13: But in those what twenty two twenty three days of 543 00:26:12,280 --> 00:26:15,000 Speaker 13: chaos that we all sat through with the Mike Johnson, 544 00:26:15,400 --> 00:26:18,960 Speaker 13: with the sorry Kevin McCarthy motion to vacate last year, 545 00:26:19,520 --> 00:26:22,360 Speaker 13: you know, one of the big questions was what would 546 00:26:22,440 --> 00:26:26,199 Speaker 13: the Democrats do? Would they have some kind of agreement 547 00:26:26,280 --> 00:26:28,840 Speaker 13: with Republicans to save Kevin McCarthy, and of course in 548 00:26:28,880 --> 00:26:31,199 Speaker 13: the end they didn't do that. But we're in a 549 00:26:31,359 --> 00:26:34,520 Speaker 13: very different moment right now. We are in an election year. 550 00:26:34,640 --> 00:26:37,800 Speaker 13: You have Democrats like Tom Swase who you just mentioned 551 00:26:38,200 --> 00:26:40,800 Speaker 13: from you know, he just won a special election in 552 00:26:40,840 --> 00:26:44,199 Speaker 13: Long Island. He's up again in November. Is he really 553 00:26:44,240 --> 00:26:47,919 Speaker 13: gonna want to talk to this purplish district about the 554 00:26:48,080 --> 00:26:50,639 Speaker 13: chaos in the House as they go to try to 555 00:26:50,680 --> 00:26:54,520 Speaker 13: find another speaker. No, and that's why he's saying right now, 556 00:26:54,960 --> 00:26:57,720 Speaker 13: I would work across the aisle, which is what he's 557 00:26:57,760 --> 00:27:01,000 Speaker 13: been talking about. I would work across the aisle to 558 00:27:01,200 --> 00:27:06,280 Speaker 13: save the speaker because quite frankly, Republicans cannot govern themselves. 559 00:27:06,680 --> 00:27:08,879 Speaker 13: And Joe, can we just mention the other bit of 560 00:27:08,960 --> 00:27:13,320 Speaker 13: chaos here in the House? Ken buck leads today exactly, 561 00:27:13,359 --> 00:27:17,120 Speaker 13: there you go majority, so it just they pile on. 562 00:27:17,400 --> 00:27:19,560 Speaker 13: But to your point, I do think we see these 563 00:27:19,720 --> 00:27:24,040 Speaker 13: Purplish Democrats are not gonna be sticking with any other 564 00:27:24,160 --> 00:27:27,800 Speaker 13: Democrats in safe seats who want to do what they 565 00:27:27,800 --> 00:27:29,880 Speaker 13: did last time with Kevin McCarthy. I think in this 566 00:27:29,920 --> 00:27:32,480 Speaker 13: case they probably will try to work to save the speaker. 567 00:27:34,359 --> 00:27:40,520 Speaker 6: Pretty incredible to see these numbers continue to dwindle, Rick, 568 00:27:40,600 --> 00:27:42,840 Speaker 6: is this just a media thing? We talk about a 569 00:27:42,880 --> 00:27:46,560 Speaker 6: power sharing agreement, Hakim Jeffreys coming to the rescue with 570 00:27:46,640 --> 00:27:49,359 Speaker 6: Mike Johnson even want that, Could you be a credible 571 00:27:50,119 --> 00:27:53,720 Speaker 6: Republican leader having been saved by Democrats? 572 00:27:54,680 --> 00:27:57,800 Speaker 12: No, I mean you'd be a lame doc the minute 573 00:27:57,840 --> 00:28:00,760 Speaker 12: that vote was taken. In other words, you might be 574 00:28:00,800 --> 00:28:03,399 Speaker 12: able to serve out the rest of the term in 575 00:28:03,400 --> 00:28:08,120 Speaker 12: this Congress, you know, to January post election. Even if 576 00:28:08,160 --> 00:28:13,240 Speaker 12: there was a Republican majority in twenty twenty five, it's 577 00:28:13,400 --> 00:28:16,640 Speaker 12: be highly unlikely at that stage that one Democrats would 578 00:28:16,640 --> 00:28:19,800 Speaker 12: want to actually save Johnson again because he hasn't proven 579 00:28:19,840 --> 00:28:22,320 Speaker 12: that he could do any bipartisan deals with them anyway, Right, 580 00:28:22,359 --> 00:28:26,520 Speaker 12: that's just to avoid chaos. And two Republicans don't want him, 581 00:28:26,520 --> 00:28:28,399 Speaker 12: so within the caucus, they're not even going to print, 582 00:28:28,720 --> 00:28:31,320 Speaker 12: you know, push him forward as a candidate because they'll 583 00:28:31,480 --> 00:28:34,359 Speaker 12: they'll believe that he's a bandon the Republican caucus, you know, 584 00:28:34,480 --> 00:28:37,399 Speaker 12: to take a league with the Democrats. So, no matter 585 00:28:37,480 --> 00:28:43,440 Speaker 12: what happens, this is highly likely to be the you know, 586 00:28:43,600 --> 00:28:47,720 Speaker 12: beginning of the end of the Johnson era. And I'm 587 00:28:47,720 --> 00:28:50,520 Speaker 12: not even sure how to characterize it after today's. 588 00:28:50,160 --> 00:28:53,120 Speaker 3: Vote, but you know, we'll we'll have. 589 00:28:53,120 --> 00:28:55,640 Speaker 12: Plenty of time between now in January to talk about that. 590 00:28:57,160 --> 00:29:00,520 Speaker 6: Well, I guess we will. This is a fundraiser, right, 591 00:29:01,040 --> 00:29:05,800 Speaker 6: Genie Rick mentioned the disparity in funding between Democrats and 592 00:29:05,840 --> 00:29:08,640 Speaker 6: Republicans in the House, not unlike what we're seeing between 593 00:29:08,760 --> 00:29:12,600 Speaker 6: Joe Biden and Donald Trump the DNC and RNC. Does 594 00:29:12,600 --> 00:29:14,400 Speaker 6: Hockeen Jeffries take this to the bank? 595 00:29:16,600 --> 00:29:20,320 Speaker 13: Yeah, you know, this is just startling because as poles show, 596 00:29:20,360 --> 00:29:23,239 Speaker 13: and you mentioned the disparity between Biden and Trump, and 597 00:29:23,240 --> 00:29:26,320 Speaker 13: of course the disparity we know now between Republicans and 598 00:29:26,360 --> 00:29:30,000 Speaker 13: Democrats in the House. You know, polls showing one thing, 599 00:29:30,120 --> 00:29:32,640 Speaker 13: which is that Donald Trump is you know, ahead in 600 00:29:32,720 --> 00:29:35,959 Speaker 13: these swing state swing states that we've been looking at 601 00:29:36,000 --> 00:29:38,720 Speaker 13: with the Bloomberg Pole. And yet when you look at 602 00:29:38,760 --> 00:29:42,480 Speaker 13: the fundraising advantage Joe Biden has and now the Democrats 603 00:29:42,480 --> 00:29:45,640 Speaker 13: in the House, you'd much rather be on the Democratic 604 00:29:45,720 --> 00:29:49,160 Speaker 13: side of all of this. You know, we have seen 605 00:29:49,240 --> 00:29:51,800 Speaker 13: with Donald Trump in the past, and we do see 606 00:29:51,800 --> 00:29:55,040 Speaker 13: it with some of the firebrands that maybe they can 607 00:29:55,080 --> 00:29:58,560 Speaker 13: get away with getting free advertising like the kind that 608 00:29:58,640 --> 00:30:02,080 Speaker 13: Marjorie Tayler Green is getting today, but for the entire 609 00:30:02,160 --> 00:30:05,000 Speaker 13: House that is much more of a challenge. And so 610 00:30:05,160 --> 00:30:08,800 Speaker 13: these numbers matter, and this is a big boon for 611 00:30:08,880 --> 00:30:13,440 Speaker 13: Hakim Jeffries, who has done a really remarkable job filling 612 00:30:13,480 --> 00:30:17,520 Speaker 13: the shoes of Nancy Pelosi, obviously with assistance, and of 613 00:30:17,600 --> 00:30:20,080 Speaker 13: course you know, also we have to admit has the 614 00:30:20,160 --> 00:30:23,000 Speaker 13: easier job in the minority than being in the majority 615 00:30:23,040 --> 00:30:25,560 Speaker 13: and trying to be Speaker of the House, especially with 616 00:30:25,640 --> 00:30:27,120 Speaker 13: this Republican caucus. 617 00:30:28,160 --> 00:30:29,400 Speaker 9: Well, the numbers don't lie. 618 00:30:30,080 --> 00:30:33,880 Speaker 6: The NRCC, the Republican group raised eight point two million 619 00:30:33,920 --> 00:30:37,920 Speaker 6: dollars in February forty five million dollars cash on hand. 620 00:30:38,280 --> 00:30:42,040 Speaker 6: Its Democratic counterpart raised fourteen and a half million. The 621 00:30:42,080 --> 00:30:45,680 Speaker 6: same time, it is over fifty nine million dollars in 622 00:30:45,720 --> 00:30:48,720 Speaker 6: the bank. You're an expert on fundraising, Rick, Is this 623 00:30:49,240 --> 00:30:53,040 Speaker 6: Hakim Jeffries outperforming or Republicans underperforming because they don't have 624 00:30:53,120 --> 00:30:53,880 Speaker 6: Kevin McCarthy. 625 00:30:54,880 --> 00:30:55,880 Speaker 10: Probably a little of both. 626 00:30:56,440 --> 00:31:00,960 Speaker 12: I think Hawking Jeffries understands the value fundraising. He's had 627 00:31:01,000 --> 00:31:04,960 Speaker 12: the support of Nancy Pelosi to help continue that. She 628 00:31:05,120 --> 00:31:08,640 Speaker 12: was an unbelievable fundraiser, and now he is. And look 629 00:31:08,640 --> 00:31:12,720 Speaker 12: at the difference. Kevin McCarthy, who was an outstanding fundraiser 630 00:31:12,760 --> 00:31:15,520 Speaker 12: for Republicans, will not lift a finger for this crowd 631 00:31:15,560 --> 00:31:20,360 Speaker 12: inside the House of Representatives. And so a completely untested 632 00:31:20,400 --> 00:31:24,280 Speaker 12: fundraiser who you know would be at the lower quarter 633 00:31:24,440 --> 00:31:27,640 Speaker 12: of the Caucus in funds raised in his history, you know, 634 00:31:27,720 --> 00:31:29,520 Speaker 12: had to take this over in the middle of all 635 00:31:29,520 --> 00:31:33,000 Speaker 12: these fights they're having in Congress over spending, and he's 636 00:31:33,040 --> 00:31:35,360 Speaker 12: had to travel around to fifty cities and try and 637 00:31:35,440 --> 00:31:37,960 Speaker 12: raise money. And you know, I'd say he's actually doing 638 00:31:38,080 --> 00:31:40,640 Speaker 12: better than I would have given him credit for, but 639 00:31:40,720 --> 00:31:45,040 Speaker 12: he's had everything working against him, bottom line. And Genie 640 00:31:45,080 --> 00:31:48,080 Speaker 12: mentioned Tom Swasse. You know, he was able to put 641 00:31:48,280 --> 00:31:52,240 Speaker 12: millions more to work in that special election in Long 642 00:31:52,280 --> 00:31:56,680 Speaker 12: Island than his Republican counterpart, and that had to matter 643 00:31:57,160 --> 00:31:59,040 Speaker 12: in the outcome of the election. So when you look 644 00:31:59,080 --> 00:32:02,400 Speaker 12: at these Swings districts, and there are only probably twenty 645 00:32:02,440 --> 00:32:05,000 Speaker 12: of them, you have to look and say, if they're 646 00:32:05,000 --> 00:32:07,280 Speaker 12: going to put millions to work in each one of 647 00:32:07,280 --> 00:32:11,800 Speaker 12: those districts that Republicans don't have, if Democrats outspend each 648 00:32:11,840 --> 00:32:14,920 Speaker 12: of those races. You got to give them some advantage 649 00:32:14,960 --> 00:32:17,280 Speaker 12: to that, regardless of what kind of election cycle you're in. 650 00:32:18,680 --> 00:32:21,600 Speaker 6: Did Republicans just lose the House today, Genie? 651 00:32:22,840 --> 00:32:25,239 Speaker 13: You know, I wouldn't say they lost it, but you know, 652 00:32:25,360 --> 00:32:28,600 Speaker 13: with a two seat margin at this point today, it 653 00:32:28,720 --> 00:32:31,240 Speaker 13: is going to be very tight. There are not because 654 00:32:31,280 --> 00:32:34,760 Speaker 13: of jerry mandering, that many seats that are up for grabs. 655 00:32:34,800 --> 00:32:38,040 Speaker 13: So that's why this fundraising advantage matters so much, as 656 00:32:38,080 --> 00:32:41,680 Speaker 13: does the organizational aspect. And you know, this is one 657 00:32:41,760 --> 00:32:46,320 Speaker 13: thing we don't talk enough about in American politics. Expertise 658 00:32:46,400 --> 00:32:49,680 Speaker 13: and experience matters, and that's what Rick was just mentioning 659 00:32:49,720 --> 00:32:53,880 Speaker 13: with Mike Johnson. You know, he is untested, but he 660 00:32:54,320 --> 00:32:59,080 Speaker 13: also does not have the Kevin McCarthy or the Nancy 661 00:32:59,120 --> 00:33:03,680 Speaker 13: Pelosi fundraising experience of background. That's why when people talk 662 00:33:03,680 --> 00:33:07,640 Speaker 13: about term limits, I always shudder, because the expertise and 663 00:33:07,680 --> 00:33:10,600 Speaker 13: experience in governing matters, and we're seeing it today as 664 00:33:10,600 --> 00:33:12,320 Speaker 13: it impacts campaigns. 665 00:33:13,120 --> 00:33:15,920 Speaker 6: Well, well, you picked quite a day to join us 666 00:33:15,920 --> 00:33:17,720 Speaker 6: here on Balance of Power with the help of Jeanie 667 00:33:17,760 --> 00:33:21,280 Speaker 6: Shanzano and Rick Davis our panel, I'm Joe Matthew in Washington. 668 00:33:24,520 --> 00:33:27,800 Speaker 2: You're listening to the Bloomberg Balance of Power podcast can 669 00:33:28,000 --> 00:33:30,800 Speaker 2: just live weekdays at noon Eastern on Apple car Play 670 00:33:30,840 --> 00:33:31,720 Speaker 2: and enroun. 671 00:33:31,360 --> 00:33:33,120 Speaker 3: Oo with the Bloomberg Business app. 672 00:33:33,160 --> 00:33:36,000 Speaker 2: You can also listen live on Amazon Alexa from our 673 00:33:36,040 --> 00:33:40,600 Speaker 2: flagship New York station, Just Say Alexa play Bloomberg eleven thirty. 674 00:33:42,520 --> 00:33:45,400 Speaker 6: Joining us now Dave Ehrenberg on a Friday Diamond. Dave 675 00:33:45,520 --> 00:33:47,960 Speaker 6: is with us Paul Beach, County State's Attorney. 676 00:33:48,000 --> 00:33:49,720 Speaker 9: It's great to see you, sir. Welcome back to. 677 00:33:49,800 --> 00:33:50,640 Speaker 2: Washington, Joe. 678 00:33:50,680 --> 00:33:51,160 Speaker 3: It is great. 679 00:33:51,160 --> 00:33:52,959 Speaker 6: I'm always looking at the zoom to see or you're 680 00:33:53,000 --> 00:33:55,680 Speaker 6: sitting right next to me. Now, what's important to you? 681 00:33:55,720 --> 00:33:57,280 Speaker 6: A couple of big things are going to happen Monday. 682 00:33:57,320 --> 00:34:00,400 Speaker 6: I just mentioned one of them. The four Present is 683 00:34:00,400 --> 00:34:02,600 Speaker 6: going to be in court in New York. The Alvin 684 00:34:02,640 --> 00:34:05,360 Speaker 6: Bragg case that was gonna start Monday as being delayed 685 00:34:05,400 --> 00:34:09,759 Speaker 6: because of recently disclosed evidence. We talked about that. Are 686 00:34:09,840 --> 00:34:11,560 Speaker 6: we going to get a new trial date Monday? 687 00:34:11,760 --> 00:34:14,000 Speaker 1: Yes, and I think it's going to be in April. 688 00:34:14,160 --> 00:34:17,279 Speaker 1: Judge Murshan wants this to go. And Alvin Bragg came 689 00:34:17,280 --> 00:34:21,319 Speaker 1: out why they fire brief It was a takedown of 690 00:34:21,360 --> 00:34:24,600 Speaker 1: Donald Trump, showing that Trump's all about delays. This is 691 00:34:24,640 --> 00:34:27,960 Speaker 1: stall tactic. And of the one hundred and seventy thousand 692 00:34:28,320 --> 00:34:30,879 Speaker 1: new documents that Trump says, wow, We've got to take 693 00:34:30,880 --> 00:34:33,279 Speaker 1: all this time to review, only about two hundred and 694 00:34:33,280 --> 00:34:36,120 Speaker 1: seventy pertained to this case. And of the two seventy, 695 00:34:36,160 --> 00:34:40,000 Speaker 1: most of them are what you call inculpatory, meaning incriminating. 696 00:34:40,040 --> 00:34:43,359 Speaker 1: They helped the prosecution, not the defense. So Judge Mr Shan, 697 00:34:43,640 --> 00:34:45,319 Speaker 1: I think, is not going to delay this any further. 698 00:34:45,360 --> 00:34:45,680 Speaker 9: Okay. 699 00:34:46,239 --> 00:34:49,080 Speaker 6: Braggett said about thirty days would be appropriate. That's about 700 00:34:49,080 --> 00:34:52,400 Speaker 6: what we get then, Yeah, I mean, and John ninety days? 701 00:34:52,440 --> 00:34:54,400 Speaker 6: Do they slice that down the middle or what do 702 00:34:54,480 --> 00:34:55,400 Speaker 6: you do in a case like that? 703 00:34:55,520 --> 00:34:59,880 Speaker 1: Trump actually wants half past never Yeah, well, yes, of course, no, 704 00:35:00,000 --> 00:35:02,400 Speaker 1: oh no, he's I think that after the thirty days expires, 705 00:35:02,560 --> 00:35:06,040 Speaker 1: which is in at least either April fifteenth or twenty fifth, 706 00:35:06,120 --> 00:35:08,760 Speaker 1: and then it's going to go to trial. I am convinced 707 00:35:08,800 --> 00:35:09,200 Speaker 1: about it. 708 00:35:09,280 --> 00:35:09,680 Speaker 9: Okay. 709 00:35:09,719 --> 00:35:12,240 Speaker 1: And you can read the tee lees by Judge Marchant's 710 00:35:12,320 --> 00:35:14,880 Speaker 1: latest ruling, which was all in favor of the prosecution 711 00:35:15,440 --> 00:35:17,799 Speaker 1: and Alvin Brager minded judgement Shant. Look, he's done this 712 00:35:17,840 --> 00:35:20,000 Speaker 1: to you man. You know he didn't call him man. 713 00:35:20,000 --> 00:35:22,319 Speaker 1: You don't call a judge man, but your honor. He 714 00:35:22,400 --> 00:35:25,279 Speaker 1: tried to get you disqualified from the case because he 715 00:35:25,320 --> 00:35:28,680 Speaker 1: said you're a biased And yet this is what he does. 716 00:35:28,800 --> 00:35:30,960 Speaker 1: He tries to slow everything down, don't fall prey to it. 717 00:35:30,960 --> 00:35:34,200 Speaker 1: And I think the judge Marchant's going to set it amazing. Okay, 718 00:35:34,719 --> 00:35:38,680 Speaker 1: a six week trial is what was estimated. That means 719 00:35:38,680 --> 00:35:41,000 Speaker 1: a criminal trial will take place before the election. Just 720 00:35:41,000 --> 00:35:42,600 Speaker 1: a couple of weeks ago, there was a thought that 721 00:35:42,640 --> 00:35:46,120 Speaker 1: this may never happen, right, because there was the thought 722 00:35:46,160 --> 00:35:49,720 Speaker 1: that there was some bad faith that the prosecutors withheld 723 00:35:49,760 --> 00:35:51,920 Speaker 1: documents and then they could be punished for it. But 724 00:35:52,320 --> 00:35:54,759 Speaker 1: it turns out that it wasn't the state prosecutors, it 725 00:35:54,800 --> 00:35:57,399 Speaker 1: was the FED. So number one, the state proscuers are saying, 726 00:35:57,440 --> 00:35:59,920 Speaker 1: don't call a foul on me when someone else did. 727 00:36:00,080 --> 00:36:03,080 Speaker 1: This is not even our team. And number two, it 728 00:36:03,120 --> 00:36:05,000 Speaker 1: turns out that the Feds did not screw up. The 729 00:36:05,040 --> 00:36:09,200 Speaker 1: FEDS didn't get these documents until the FBI gave the 730 00:36:09,200 --> 00:36:13,160 Speaker 1: federal prosecutors of documents in December, and then Trump didn't 731 00:36:13,200 --> 00:36:17,200 Speaker 1: even request additional documents until mid January. So this is 732 00:36:17,440 --> 00:36:20,719 Speaker 1: not a violation, no harm, no foult. This thing is 733 00:36:20,760 --> 00:36:21,719 Speaker 1: going to trial. 734 00:36:21,560 --> 00:36:21,960 Speaker 9: All right. 735 00:36:22,120 --> 00:36:26,040 Speaker 6: A separate case we have to delineate here could lead 736 00:36:26,200 --> 00:36:29,759 Speaker 6: to the seizure of Donald Trump's properties. This is the 737 00:36:29,760 --> 00:36:33,200 Speaker 6: civil case in New York. It appears he may not 738 00:36:33,280 --> 00:36:36,319 Speaker 6: be able to post bond, which is a lot of 739 00:36:36,320 --> 00:36:40,320 Speaker 6: money here, tens of millions of dollars, unless, of course, 740 00:36:40,360 --> 00:36:43,200 Speaker 6: this spack deal magically falls in his lap on Monday, 741 00:36:43,200 --> 00:36:45,600 Speaker 6: which is a really interesting wrinkle in this story. But 742 00:36:45,640 --> 00:36:47,920 Speaker 6: how quickly could that happen. Authorities in New York are 743 00:36:47,960 --> 00:36:51,560 Speaker 6: actually taking the preemptive steps to begin seizing properties in 744 00:36:51,600 --> 00:36:52,520 Speaker 6: Westchester County. 745 00:36:52,960 --> 00:36:56,319 Speaker 1: Yeah, four hundred and sixty four million is the bond here. 746 00:36:56,320 --> 00:36:59,279 Speaker 1: That's a surety bond, and no one's loaning that to him. 747 00:36:59,280 --> 00:37:02,320 Speaker 1: No one's given that to Trump could borrow against this 748 00:37:02,440 --> 00:37:05,239 Speaker 1: back perhaps and get the money that way, or he 749 00:37:05,280 --> 00:37:09,760 Speaker 1: could get a wealthy friend, maybe a foreign actor to donate. 750 00:37:09,800 --> 00:37:13,200 Speaker 1: And that's what we have to watch for. But Monday's 751 00:37:13,200 --> 00:37:14,839 Speaker 1: a big day. It's not just a New York case. 752 00:37:14,840 --> 00:37:16,600 Speaker 1: It's the fact that that's a deadline for him to 753 00:37:16,640 --> 00:37:20,000 Speaker 1: post a bond or else. Letitia James the Age of 754 00:37:20,080 --> 00:37:23,000 Speaker 1: New York gets to start moving ahead to seize his 755 00:37:23,080 --> 00:37:26,239 Speaker 1: property to put liens on his proper Now she's already 756 00:37:26,280 --> 00:37:29,200 Speaker 1: started to do that, at least put Leans in Westchester County, 757 00:37:29,200 --> 00:37:32,719 Speaker 1: New York. But it's a process. And so that is 758 00:37:32,880 --> 00:37:36,120 Speaker 1: d day for Donald Trump. So marker calendars meet. 759 00:37:36,360 --> 00:37:39,480 Speaker 6: The deadline for the bond and the New York trial 760 00:37:39,520 --> 00:37:41,560 Speaker 6: in which he'll be present for that, both happen on 761 00:37:41,560 --> 00:37:42,640 Speaker 6: the twenty fifth of March. 762 00:37:43,040 --> 00:37:44,320 Speaker 9: How quickly could she start. 763 00:37:44,160 --> 00:37:47,319 Speaker 6: Seizing properties or this is just talk to scare Donald 764 00:37:47,360 --> 00:37:48,880 Speaker 6: Trump into finding some money. 765 00:37:48,920 --> 00:37:50,680 Speaker 1: She's going to issue Leans right away, She's going to 766 00:37:50,800 --> 00:37:52,759 Speaker 1: encumber it right away. And as far as how long 767 00:37:52,800 --> 00:37:55,359 Speaker 1: it takes to actually take possession, yeah, I don't know, 768 00:37:55,719 --> 00:37:58,600 Speaker 1: but I do think that it will cause great headaches 769 00:37:58,600 --> 00:38:00,759 Speaker 1: for Trump. And I think part of the shoe is 770 00:38:00,800 --> 00:38:03,920 Speaker 1: that Trump can't sell the properties right away because it'll 771 00:38:03,920 --> 00:38:05,919 Speaker 1: be a fire sell this late day. Plus I think 772 00:38:05,960 --> 00:38:08,839 Speaker 1: a lot of his stuff is encumbered, so this will 773 00:38:08,880 --> 00:38:10,920 Speaker 1: be further encumbered. You know, he said he is the 774 00:38:11,000 --> 00:38:12,839 Speaker 1: King of debt. Yeah, and so there's a lot of 775 00:38:12,880 --> 00:38:16,719 Speaker 1: debt here now just because he cannot and if he 776 00:38:16,760 --> 00:38:20,120 Speaker 1: cannot post a bond doesn't mean he can't appeal the judgment. 777 00:38:20,360 --> 00:38:22,560 Speaker 1: He's going to continue to appeal. It just means, though 778 00:38:23,040 --> 00:38:25,360 Speaker 1: that the state can go ahead and start collecting his 779 00:38:25,520 --> 00:38:28,560 Speaker 1: assets if he doesn't he appeals though, if he doesn't 780 00:38:28,560 --> 00:38:30,400 Speaker 1: post a bond, right, Yeah. 781 00:38:30,040 --> 00:38:30,920 Speaker 9: That's incredible. 782 00:38:31,160 --> 00:38:33,759 Speaker 6: Four hundred Are these properties worth four hundred and fifty 783 00:38:33,800 --> 00:38:35,640 Speaker 6: million dollars combined when you add the debts? 784 00:38:35,719 --> 00:38:36,440 Speaker 9: Or do we don't know that. 785 00:38:36,440 --> 00:38:37,440 Speaker 10: Yet when you add the debts? 786 00:38:37,480 --> 00:38:39,319 Speaker 1: No. I think that's why he can't get the shirty bond, 787 00:38:39,360 --> 00:38:42,040 Speaker 1: because if it were or if it was liquid, I 788 00:38:42,080 --> 00:38:43,160 Speaker 1: think they would be more willing. 789 00:38:43,160 --> 00:38:44,960 Speaker 9: But as an app why doesn't you take Trump Tower? 790 00:38:46,280 --> 00:38:49,399 Speaker 1: I think it's incumbas on the list, it's encumbered, everything's 791 00:38:49,400 --> 00:38:52,040 Speaker 1: on there, So this is worthless for the state. Then no, no, 792 00:38:52,080 --> 00:38:52,880 Speaker 1: not necessarily. 793 00:38:53,160 --> 00:38:54,000 Speaker 10: Well, this is Bloomberg. 794 00:38:54,040 --> 00:38:55,640 Speaker 1: So I'm not going to get into a fancy like 795 00:38:55,640 --> 00:38:59,399 Speaker 1: you know, that's good to go first financial conversation. That's 796 00:38:59,400 --> 00:39:01,160 Speaker 1: for the expert. But I can talk to you from 797 00:39:01,239 --> 00:39:04,760 Speaker 1: a legal standpoy as a prosecutor that Leticia James already 798 00:39:04,760 --> 00:39:07,800 Speaker 1: has her eyes on certain properties. I mean, look Westchester County, 799 00:39:08,400 --> 00:39:11,160 Speaker 1: she's already moved ahead with the process of putting leans 800 00:39:11,760 --> 00:39:14,919 Speaker 1: so he can't just sell them under her nose. 801 00:39:15,280 --> 00:39:18,320 Speaker 6: April twenty fifth is another big date, when the Supreme 802 00:39:18,320 --> 00:39:22,759 Speaker 6: Court hears arguments on the immunity claim presidential immunity based 803 00:39:22,840 --> 00:39:25,520 Speaker 6: on your judgment at this point, having some time to 804 00:39:25,520 --> 00:39:27,600 Speaker 6: think about this and knowing what other levers the Trump 805 00:39:27,680 --> 00:39:31,160 Speaker 6: team could pull, is there a chance that that trial 806 00:39:31,200 --> 00:39:35,080 Speaker 6: happens before the election if the Supreme Court rules against 807 00:39:35,120 --> 00:39:35,760 Speaker 6: Donald Trump. 808 00:39:36,440 --> 00:39:39,560 Speaker 1: Remember the movie Dumb and Dumber. So you're saying I 809 00:39:39,640 --> 00:39:43,000 Speaker 1: got a chance, Yes, exactly, Yes, there is a chance. 810 00:39:43,080 --> 00:39:46,400 Speaker 1: But the Supreme Court would have to dispose of the 811 00:39:46,440 --> 00:39:49,800 Speaker 1: issue and be the end of June. And then the 812 00:39:49,920 --> 00:39:52,040 Speaker 1: judge or Judge Chuckan, who's a great judge and she's 813 00:39:52,080 --> 00:39:55,120 Speaker 1: all business, she would have to cut short the days 814 00:39:55,160 --> 00:39:57,799 Speaker 1: that she gives Trump to prepare. She originally said eighty 815 00:39:57,840 --> 00:40:01,200 Speaker 1: eight more days, but that wouldn't work. So now you 816 00:40:01,200 --> 00:40:02,759 Speaker 1: have all these new delays. I think she says, you know, 817 00:40:02,920 --> 00:40:04,520 Speaker 1: I said eighty eight, but that was before the Supreme 818 00:40:04,520 --> 00:40:07,040 Speaker 1: Court gave you additional delays. So we're going to cut 819 00:40:07,040 --> 00:40:08,880 Speaker 1: it back to forty days, and then it could go. 820 00:40:08,920 --> 00:40:11,920 Speaker 1: And here's the other thing. The Department of Justice told 821 00:40:12,200 --> 00:40:14,680 Speaker 1: the court in the mar Lago case that we don't 822 00:40:14,680 --> 00:40:18,000 Speaker 1: have to abide by the sixty day rule. We can 823 00:40:18,040 --> 00:40:21,400 Speaker 1: go to trial even sixty days before an election. That 824 00:40:21,520 --> 00:40:24,560 Speaker 1: sixty day rule that says that the DOJ cannot prosecute 825 00:40:24,600 --> 00:40:28,160 Speaker 1: someone applies to grand jury proceedings and investigations, not to 826 00:40:28,280 --> 00:40:29,840 Speaker 1: cases that have already been indicted. 827 00:40:30,000 --> 00:40:32,480 Speaker 9: Fascinating. I still want one of those pins. 828 00:40:32,920 --> 00:40:35,520 Speaker 6: It's much cooler than the congressional pins that you see 829 00:40:35,520 --> 00:40:36,080 Speaker 6: the members wear. 830 00:40:36,200 --> 00:40:38,520 Speaker 9: Let's you know, you get the The badge is just 831 00:40:38,760 --> 00:40:39,320 Speaker 9: much cooler. 832 00:40:39,360 --> 00:40:41,799 Speaker 1: If this is on YouTube, a bit of a ruse, Joe, 833 00:40:41,800 --> 00:40:44,160 Speaker 1: this is not my own pin. This is the DA 834 00:40:44,239 --> 00:40:47,239 Speaker 1: of Plymouth, Massachusetts. Tim Kruz, a. 835 00:40:47,200 --> 00:40:50,279 Speaker 6: Republican stopping ground, no kidding, Yeah yeah, Do you guys 836 00:40:50,320 --> 00:40:52,439 Speaker 6: share these things? You must have worked on something again. 837 00:40:52,480 --> 00:40:54,600 Speaker 1: He gives them out at our meetings, at the conferences, 838 00:40:54,640 --> 00:40:56,399 Speaker 1: and because you know, I don't want to have to 839 00:40:56,440 --> 00:40:58,040 Speaker 1: take one off off, so when I just I just 840 00:40:58,120 --> 00:40:58,520 Speaker 1: keep this on. 841 00:40:58,680 --> 00:41:00,479 Speaker 6: I can't wear that though, right, that's like her walker 842 00:41:00,480 --> 00:41:02,160 Speaker 6: with a badge. I'm not a real DA. 843 00:41:02,280 --> 00:41:02,840 Speaker 9: I can't do that. 844 00:41:03,560 --> 00:41:06,200 Speaker 6: Great to see in the nation's capital. Dave Arenberg, Palm 845 00:41:06,200 --> 00:41:09,560 Speaker 6: Beach County State's attorney, with the way forward for Donald Trump. 846 00:41:09,600 --> 00:41:11,759 Speaker 6: Remember this conversation on Monday. We're going to be talking 847 00:41:11,800 --> 00:41:14,640 Speaker 6: a lot about both of these cases and whether properties 848 00:41:14,800 --> 00:41:17,920 Speaker 6: could be seized next. I'm Joe Matthew in Washington. It's 849 00:41:17,920 --> 00:41:23,319 Speaker 6: Balance of Power only, I'm Bloomberg. Thanks for listening to 850 00:41:23,360 --> 00:41:26,759 Speaker 6: the Balance of Power podcast. Make sure to subscribe if 851 00:41:26,760 --> 00:41:29,480 Speaker 6: you haven't already, at Apple, Spotify, or wherever you get 852 00:41:29,520 --> 00:41:32,560 Speaker 6: your podcasts, and you can find us live every weekday 853 00:41:32,560 --> 00:41:36,360 Speaker 6: from Washington, DC at noontime Eastern at Bloomberg dot com.