WEBVTT - Deval Patrick Talks Harris Nomination

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>We're joined now by former Massachusetts Governor Daval Patrick, who

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<v Speaker 2>is here with us in studio. Governor, great to see you,

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<v Speaker 2>Thank you so much, Thank you for coming in. It's

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<v Speaker 2>hard to acknowledge the week that it is being had

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<v Speaker 2>here in Chicago without.

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<v Speaker 1>Has been just a week.

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<v Speaker 2>Well, I guess it's been two days. But you know,

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<v Speaker 2>these are stacks. Yeah, the last four weeks I think

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<v Speaker 2>has probably felt like a year to many, but it

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<v Speaker 2>is historic in nature. We're about to see not just

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<v Speaker 2>a woman, but a woman of color for the first

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<v Speaker 2>time accept the Democratic nomination for president, and there is

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<v Speaker 2>obviously very charged language on the other side of this campaign.

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<v Speaker 2>How should we be thinking about the politics of race

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<v Speaker 2>in this election cycle, especially given the candidacy of Kambala Harris.

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<v Speaker 1>Well, I think, first of all, the there's probably more

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<v Speaker 1>race in our politics than I'd like, and I think

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<v Speaker 1>probably most people would would like. But I love firsts

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<v Speaker 1>as one and I think I feel incredibly blessed at

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<v Speaker 1>a time like this to live in a country where

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<v Speaker 1>you can be a Kamala Harris and come from what

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<v Speaker 1>she's come from and become the nominee of the Democratic

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<v Speaker 1>Party for President of the United States, and I think

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<v Speaker 1>she will win, and I think she'll do a great job.

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<v Speaker 1>I feel the same kind of elation about Tim Walls,

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<v Speaker 1>who grew up on a farm I think in Nebraska

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<v Speaker 1>and has lifted himself and been in service like Kamala

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<v Speaker 1>Harris of lifting others, and has the opportunity now to

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<v Speaker 1>be the Democratic nominee for vice president. That is an

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<v Speaker 1>American story, and it is in the instance of Kamala Harris,

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<v Speaker 1>associated with race, but it is a story that once

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<v Speaker 1>was told more often in this country than any other

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<v Speaker 1>country on Earth. And I'm a Democrat for some of

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<v Speaker 1>the reasons that Frank They've been talking about that we've

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<v Speaker 1>got to create in the collaboration between government and the

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<v Speaker 1>private sector, circumstances that permit people not just to imagine

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<v Speaker 1>a different place for themselves, but actually practically to reach

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<v Speaker 1>for it.

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<v Speaker 3>People should know you were only the second black man

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<v Speaker 3>elected governor in the United States of America. I had

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<v Speaker 3>the pleasure of covering you for some time as the

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<v Speaker 3>governor of Massachusetts.

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<v Speaker 1>Thank you, Joe.

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<v Speaker 3>I also remember what happened when Danielle Allen tried to

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<v Speaker 3>run for governor she dropped out of the race because

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<v Speaker 3>she said there was no path. What about the challenges

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<v Speaker 3>specifically facing women of color, black women trying to reach

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<v Speaker 3>higher office.

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<v Speaker 1>Well, first of all of Danielle, who is immensely talented,

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<v Speaker 1>I hope she'll come back into politics. I don't know

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<v Speaker 1>that the only factor in her decision to drop out

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<v Speaker 1>was being a woman of color. I think probably I

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<v Speaker 1>stayed in because I didn't know any better. It was

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<v Speaker 1>my first time running for anything. You remember, Joe, and

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<v Speaker 1>our dynamic at home in Massachusetts, I would say is

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<v Speaker 1>less Democrat Republican than it is the inside or outsider

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<v Speaker 1>by the way, I think that's the dynamic increasingly all

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<v Speaker 1>over the country. And so I think now having said that,

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<v Speaker 1>I think there are special challenges and maybe opportunities for

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<v Speaker 1>the Harris Walls candidacy because it's such a short period

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<v Speaker 1>of time and they will have to do some things

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<v Speaker 1>that aren't always done in our kind of unlimited political campaigning,

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<v Speaker 1>and a lot more direct to voters, a lot more direct,

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<v Speaker 1>a lot more volunteer organizing that's outside the campaign, which

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<v Speaker 1>I think has been one of the most inspiring parts

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<v Speaker 1>of this of this experience, she's finding her voice. We

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<v Speaker 1>did the first event six days I think after the

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<v Speaker 1>torch was passed in Western Massachusetts, and she showed up.

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<v Speaker 1>It was absolutely electric. I see her now at podium

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<v Speaker 1>and she seems a lot more relaxed. He's paying less

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<v Speaker 1>attention to the teleprompter. So there are those challenges and

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<v Speaker 1>converting all this energy and excitement to actual organization and

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<v Speaker 1>turn out. That's not a small thing. But as I say,

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<v Speaker 1>I think a lot of other folks are taking that

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<v Speaker 1>on themselves outside the campaign, and I think they will

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<v Speaker 1>have to rely on some of us just doing it

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<v Speaker 1>on our own.

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<v Speaker 2>You, of course have had a storied career in politics,

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<v Speaker 2>but you now also work in business and come on

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<v Speaker 2>Bloomberg for that reason and others. How do you consider

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<v Speaker 2>what a Kamala Harris presidency would look like and what

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<v Speaker 2>kind of investment opportunities or the way in which it

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<v Speaker 2>may change the business climate? Knowing specifically there's been a

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<v Speaker 2>focus on democratic values for you have a sera specifically,

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<v Speaker 2>how does that how do you see her reflected in

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<v Speaker 2>the business world.

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<v Speaker 1>Well, so to the first to the notion of democratic values,

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<v Speaker 1>and I use that term in a nonpartisan way, the

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<v Speaker 1>notion that communities that people that place all matter, they

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<v Speaker 1>all count. One of the things we do at the

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<v Speaker 1>Vistria Group, and that I did at the fund that

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<v Speaker 1>I founded at Bank Capital, so called Impact Investing Fund,

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<v Speaker 1>was invest in ways that demonstrated you didn't have to return,

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<v Speaker 1>you didn't have to exchange superior financial return for stakeholder

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<v Speaker 1>engagement and stakeholder positive stakeholder impact. And I think that

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<v Speaker 1>is important to long term value. It's also important to

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<v Speaker 1>the long term success of businesses. What I want to

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<v Speaker 1>see going forward is a lot more conspicuous collaboration with

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<v Speaker 1>the business and the not for profit community. I'm not

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<v Speaker 1>just talking about how to regulate, or the importance of regulating,

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<v Speaker 1>as we used to say in Massachusetts at the speed

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<v Speaker 1>of business, so it's not a barrier, it's an enabler.

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<v Speaker 1>But I mean just really trying to identify what the

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<v Speaker 1>opperation tunities are, How, for example, you leverage these enormous

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<v Speaker 1>new tools in the Infrastructure Bill and the Chips and

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<v Speaker 1>Science Act and in the Rescue Plan alongside private sector

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<v Speaker 1>assets and investment to create lasting economic growth, because that

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<v Speaker 1>is a part of that story of opportunity in this

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<v Speaker 1>country too. Right, we have to have an economy that grows,

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<v Speaker 1>as the President says and I have said, it has

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<v Speaker 1>to grow out to the middle and the marginalized and

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<v Speaker 1>not just up to the well connected.

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<v Speaker 3>Well, it's nice to see you here in Chicago. People

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<v Speaker 3>might not realize your hometown.

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<v Speaker 1>Isn't it It is here.

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<v Speaker 3>We are. It is nice to see it's good to

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<v Speaker 3>be here.

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<v Speaker 1>Thank you, thanks for having me on.

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<v Speaker 3>Here at the table. Deval Patrick, the former governor of

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<v Speaker 3>Massachusetts at the DNC here in the Chicago