1
00:00:02,000 --> 00:00:06,240
Speaker 1: Live from our nation's capital. This is Bloomberg's sound on.

2
00:00:07,320 --> 00:00:09,880
Speaker 1: No president should be able to sustain booth on the

3
00:00:09,880 --> 00:00:13,880
Speaker 1: ground without congressional approval and without a clear explanation of

4
00:00:13,960 --> 00:00:16,360
Speaker 1: what the mission is and what the endgame is. This

5
00:00:16,520 --> 00:00:20,160
Speaker 1: isn't really about the echonomy policy. This is about the coronavirus.

6
00:00:20,200 --> 00:00:25,239
Speaker 1: Floomberg Sound On Politics, Policy and perspective from DC's top name.

7
00:00:25,720 --> 00:00:28,440
Speaker 1: We must use every school possible to defeat us the

8
00:00:28,520 --> 00:00:31,720
Speaker 1: fault on women's reproductive rights. This is a steady growth

9
00:00:31,840 --> 00:00:33,639
Speaker 1: that we're seeing here in our economy, you know, over

10
00:00:33,640 --> 00:00:37,839
Speaker 1: the last three months. Bloomberg Sound On with Joe Matthew

11
00:00:38,240 --> 00:00:45,400
Speaker 1: on Bloomberg Radio. The wheels of democracy are turning, but

12
00:00:45,479 --> 00:00:48,040
Speaker 1: we're still in the same place we were this time yesterday,

13
00:00:48,400 --> 00:00:50,800
Speaker 1: in the same spot after the House passed a government

14
00:00:50,800 --> 00:00:54,400
Speaker 1: funding bill that would suspend the debt ceiling, but it's

15
00:00:54,440 --> 00:00:57,360
Speaker 1: not expected to pass the Senate because Republicans won't touch

16
00:00:57,400 --> 00:01:00,600
Speaker 1: the debt limit, and as Democrats now consider plan B

17
00:01:01,120 --> 00:01:03,680
Speaker 1: on that leaders are at the White House today and

18
00:01:03,800 --> 00:01:06,960
Speaker 1: some rank and file Democrats to to meet with President

19
00:01:06,959 --> 00:01:09,959
Speaker 1: Biden and start hashing this out. With votes now looming

20
00:01:10,000 --> 00:01:13,920
Speaker 1: on infrastructure next week. We'll talk about the overall agenda

21
00:01:13,959 --> 00:01:17,560
Speaker 1: here coming up with Congresswoman Jen Chikowsky, Democrat from Illinois.

22
00:01:18,000 --> 00:01:21,000
Speaker 1: The advertising blitz has begun. Maybe you've seen this or

23
00:01:21,000 --> 00:01:23,560
Speaker 1: heard it already with millions spence in the backyards of

24
00:01:23,560 --> 00:01:27,080
Speaker 1: Democrat moderates. Will discuss it with political ad maker former

25
00:01:27,080 --> 00:01:30,520
Speaker 1: White House producer Adam Belmar the Classic panel today. Bloomberg

26
00:01:30,560 --> 00:01:34,720
Speaker 1: Politics contributors Genie Schanzano and Rick Davis are with us

27
00:01:34,720 --> 00:01:37,319
Speaker 1: for the hour. Now. I haven't even mentioned the Fed yet,

28
00:01:37,319 --> 00:01:39,240
Speaker 1: so let's get to the Market's an update right now

29
00:01:39,280 --> 00:01:42,800
Speaker 1: from Charlie Pellet. Very busy period of time here in Washington,

30
00:01:43,440 --> 00:01:45,760
Speaker 1: as the FED wraps its meeting and both ends of

31
00:01:45,800 --> 00:01:49,600
Speaker 1: Pennsylvania Avenue are buzzing today over everything from government funding

32
00:01:49,640 --> 00:01:53,680
Speaker 1: to the debt ceiling, to infrastructure and reconciliation. As Democratic

33
00:01:53,720 --> 00:01:56,200
Speaker 1: members of the House and Senate shuttle back and forth

34
00:01:56,680 --> 00:01:59,280
Speaker 1: from the White House in several group meetings that are

35
00:01:59,280 --> 00:02:03,240
Speaker 1: happening today, President Biden Press Secretary Jen Saki was s

36
00:02:03,240 --> 00:02:05,800
Speaker 1: asked about what the President was up to with these sessions.

37
00:02:05,840 --> 00:02:10,639
Speaker 1: This is a messy sausage making process the president today,

38
00:02:10,680 --> 00:02:12,840
Speaker 1: what Americans should be encouraged by is the President is

39
00:02:12,840 --> 00:02:15,799
Speaker 1: bringing people of a range of viewpoints on big, important

40
00:02:15,800 --> 00:02:18,120
Speaker 1: packages that are going to make their lives better here

41
00:02:18,160 --> 00:02:19,920
Speaker 1: to the White House to have a discussion about it.

42
00:02:20,040 --> 00:02:22,080
Speaker 1: He's rolling up his sleeves. He's welcoming them to the

43
00:02:22,080 --> 00:02:25,360
Speaker 1: Oval Office. He'll have some COVID safe snacks. Whatever may happen.

44
00:02:25,840 --> 00:02:28,840
Speaker 1: People should be encouraged by that, and those meetings could

45
00:02:28,919 --> 00:02:32,000
Speaker 1: roll into the evening. There's a second session planned for

46
00:02:32,240 --> 00:02:35,280
Speaker 1: late today, and we're joined now by Representative Jan Chikowsky,

47
00:02:35,360 --> 00:02:38,400
Speaker 1: Democrat from Illinois, whose district includes the north side of

48
00:02:38,480 --> 00:02:42,480
Speaker 1: Chicago and the great suburb of Evanston. Congresswoman, welcome back

49
00:02:42,480 --> 00:02:44,799
Speaker 1: to Bloomberg Radio. It's great to have you, and I'd

50
00:02:44,840 --> 00:02:47,079
Speaker 1: love to ask you about a couple of items so well,

51
00:02:47,080 --> 00:02:48,840
Speaker 1: So how about we start with the cr here in

52
00:02:48,840 --> 00:02:51,400
Speaker 1: the debt ceiling, since that's the most immediate matter. Are

53
00:02:51,440 --> 00:02:55,440
Speaker 1: you confident, Congresswoman, that we will avoid a government shutdown

54
00:02:55,680 --> 00:02:58,840
Speaker 1: and the House Democrats have the votes to deal with

55
00:02:58,880 --> 00:03:03,240
Speaker 1: the debt ceiling on their own? Oh, I absolutely believe.

56
00:03:03,320 --> 00:03:07,120
Speaker 1: Of course. We voted yesterday in order to pass both

57
00:03:07,160 --> 00:03:10,840
Speaker 1: the depth sailing and the and the cr UM and

58
00:03:11,120 --> 00:03:13,880
Speaker 1: you know, it would be I don't know who wants

59
00:03:13,919 --> 00:03:18,400
Speaker 1: to put us into another shutdown of the government, which

60
00:03:18,480 --> 00:03:23,560
Speaker 1: is so costly to workers, to our economy. Um, and

61
00:03:23,600 --> 00:03:26,799
Speaker 1: so we feel optimistic that it's going to UH, it's

62
00:03:26,840 --> 00:03:31,080
Speaker 1: going to pass. It would be really malpractice if anyone

63
00:03:31,120 --> 00:03:35,000
Speaker 1: in the Congress decided to mess with those two items. Well,

64
00:03:35,000 --> 00:03:39,080
Speaker 1: we've heard again today from Mitch McConnell, Congresswoman. He has

65
00:03:39,120 --> 00:03:41,480
Speaker 1: not budged on the issue of the debt ceiling. Here's

66
00:03:41,480 --> 00:03:44,520
Speaker 1: what he said. Look, we all agree America must never default.

67
00:03:46,320 --> 00:03:50,400
Speaker 1: The death sailing will need to be raised. We have

68
00:03:50,440 --> 00:03:56,640
Speaker 1: a democratic president, democratic House, Democratic Senate. They have decided to,

69
00:03:57,760 --> 00:04:01,440
Speaker 1: with the possible exception of infrastructure, all year long, to

70
00:04:01,560 --> 00:04:06,200
Speaker 1: operate on a partisan basis. So Congresswoman, knowing that this

71
00:04:06,800 --> 00:04:09,920
Speaker 1: likely will not get through the Senate with Republicans support,

72
00:04:10,720 --> 00:04:13,360
Speaker 1: it's on the plan B here, right, could Democrats handle

73
00:04:13,400 --> 00:04:18,360
Speaker 1: this through reconciliation? Was there time for that? Well, I

74
00:04:18,720 --> 00:04:21,120
Speaker 1: think we're going to absolutely have the votes. I think

75
00:04:21,200 --> 00:04:24,239
Speaker 1: what Mitch McConnell, the most important sentence that he said

76
00:04:24,800 --> 00:04:28,960
Speaker 1: is that we cannot default on what we owe and

77
00:04:29,000 --> 00:04:32,880
Speaker 1: what I think consumers and uh, and just voters and

78
00:04:32,960 --> 00:04:35,920
Speaker 1: people need to understand that this is money that has

79
00:04:35,960 --> 00:04:38,480
Speaker 1: already been spent. This is money that has been approved,

80
00:04:38,520 --> 00:04:41,800
Speaker 1: it's been allocated, it's been spent, and so it's not

81
00:04:41,880 --> 00:04:45,039
Speaker 1: like new money. It's not like we're trying to create

82
00:04:45,080 --> 00:04:47,719
Speaker 1: a slush fund or something. This is this is paying

83
00:04:47,839 --> 00:04:52,680
Speaker 1: our depth, which I think, uh, you know, most Americans,

84
00:04:52,680 --> 00:04:55,000
Speaker 1: the vast majority of Americans, things we need to think,

85
00:04:55,000 --> 00:04:57,120
Speaker 1: we need to do, and I think we will. I

86
00:04:57,200 --> 00:04:59,479
Speaker 1: was on the hill today, Congresswoman. I have to admit

87
00:04:59,560 --> 00:05:01,680
Speaker 1: I don't think most people understand that. And the more

88
00:05:01,800 --> 00:05:05,000
Speaker 1: that that that politicians talk about this, in this case

89
00:05:05,040 --> 00:05:08,479
Speaker 1: Republicans being on the other side is as somehow increasing

90
00:05:08,520 --> 00:05:11,159
Speaker 1: future spending, I think is catching a lot of people

91
00:05:11,200 --> 00:05:14,479
Speaker 1: off guard here. But Bloomberg is reporting that Treasury Secretary

92
00:05:14,560 --> 00:05:17,400
Speaker 1: Janet Yellen has begun calling the CEOs of major Wall

93
00:05:17,440 --> 00:05:21,440
Speaker 1: Street firms too pressure Republicans to support raising or suspending

94
00:05:21,480 --> 00:05:24,919
Speaker 1: the debt limit. Jamie Diamond think, Brian moynihan is that

95
00:05:25,000 --> 00:05:27,960
Speaker 1: the best way to handle this. Could that work well?

96
00:05:28,000 --> 00:05:32,640
Speaker 1: I certainly think mobilizing constituencies, including the business community, to

97
00:05:32,760 --> 00:05:35,720
Speaker 1: say that this would be an economic disaster for us

98
00:05:36,120 --> 00:05:39,560
Speaker 1: if we did not do this. And I appreciate what

99
00:05:39,600 --> 00:05:41,640
Speaker 1: you're saying that we need to get the message out

100
00:05:41,680 --> 00:05:44,679
Speaker 1: that this is money that has been spent. This isn't

101
00:05:44,760 --> 00:05:47,920
Speaker 1: like a household saying oh, well, I'm not going to

102
00:05:48,040 --> 00:05:52,160
Speaker 1: pay this credit card even though I've already spent the money. Um.

103
00:05:52,279 --> 00:05:55,640
Speaker 1: And and and so I I really do think that mobilizing

104
00:05:55,680 --> 00:05:59,360
Speaker 1: the business community is a really good thing to do. Yes,

105
00:06:00,080 --> 00:06:02,640
Speaker 1: I want to ask you about infrastructure. Speaker Pelosi says

106
00:06:02,680 --> 00:06:05,760
Speaker 1: she's planning to make good on a promise to moderate

107
00:06:05,839 --> 00:06:10,360
Speaker 1: Democrats to vote on the bipartisan infrastructure plan on Monday.

108
00:06:10,440 --> 00:06:13,840
Speaker 1: I know progressives are not happy about that because reconciliation

109
00:06:14,720 --> 00:06:18,560
Speaker 1: is not complete. Do you think that vote should happen?

110
00:06:19,080 --> 00:06:21,119
Speaker 1: And if it's passed, should it go to the White House.

111
00:06:23,279 --> 00:06:25,719
Speaker 1: If it passes, it means that it will have passed

112
00:06:26,240 --> 00:06:30,880
Speaker 1: both houses. Um. But of course the Speaker can decide

113
00:06:31,000 --> 00:06:35,120
Speaker 1: to wait for a time while we get the full

114
00:06:35,560 --> 00:06:42,680
Speaker 1: Biden package the build back better that we are we're promised. Look. Um,

115
00:06:42,720 --> 00:06:46,600
Speaker 1: Progressives which I'm part of the Progressive Caucus, are ready

116
00:06:46,640 --> 00:06:51,080
Speaker 1: to vote for the bipartisan infrastructure bill, but not just

117
00:06:51,240 --> 00:06:54,800
Speaker 1: by itself. We want to see the full package that

118
00:06:54,880 --> 00:06:59,280
Speaker 1: does so much for the American people, that really levels

119
00:06:59,360 --> 00:07:02,719
Speaker 1: the playing field. You know, as the President has said,

120
00:07:02,800 --> 00:07:08,200
Speaker 1: it's been Scranton versus Park but Park Avenue. UM. And

121
00:07:08,400 --> 00:07:13,080
Speaker 1: we want to help the Scranton nights, the ordinary people.

122
00:07:13,560 --> 00:07:16,800
Speaker 1: And that's what our Build Back Better plan does. And

123
00:07:17,000 --> 00:07:22,160
Speaker 1: the infrastructure build the bipartisan one, UM, We're we're willing

124
00:07:22,200 --> 00:07:26,200
Speaker 1: to support that, but not without all the other wonderful

125
00:07:26,240 --> 00:07:30,000
Speaker 1: things that help ordinary people that create two million jobs

126
00:07:30,040 --> 00:07:35,280
Speaker 1: a year for the next ten years that you know, uh,

127
00:07:35,400 --> 00:07:41,840
Speaker 1: absolutely will help working class by cutting tax the taxes

128
00:07:41,920 --> 00:07:46,240
Speaker 1: for middle income people. And you know, people like to

129
00:07:46,280 --> 00:07:50,320
Speaker 1: talk about, oh, three point five trillion dollars. Guess what,

130
00:07:51,080 --> 00:07:54,640
Speaker 1: there is no addition to the deficits when we talk

131
00:07:54,720 --> 00:07:57,800
Speaker 1: about the Build Back Better plants because it's paid for.

132
00:07:58,520 --> 00:08:02,440
Speaker 1: It's actually paid for UM. And uh. You know, so

133
00:08:02,600 --> 00:08:07,800
Speaker 1: when we are able to UM increase Medicare benefits, were

134
00:08:07,840 --> 00:08:13,160
Speaker 1: able to UM add um money, put money in people's pockets,

135
00:08:13,480 --> 00:08:17,800
Speaker 1: were able to address the climate crisis, and childcare and

136
00:08:18,080 --> 00:08:21,720
Speaker 1: UM elder care. There's so many benefits that are going

137
00:08:21,760 --> 00:08:25,400
Speaker 1: to help ordinary people. And as I said, and as

138
00:08:25,440 --> 00:08:29,440
Speaker 1: the President has said, that it gives middle class and

139
00:08:29,560 --> 00:08:32,480
Speaker 1: people who aspire from the middle class up, fair shot.

140
00:08:32,840 --> 00:08:35,559
Speaker 1: What do you then? What do you? Congresswoman? Then tell

141
00:08:35,600 --> 00:08:39,160
Speaker 1: your your moderate colleagues who see this a little bit differently.

142
00:08:39,200 --> 00:08:41,880
Speaker 1: Everybody's a little bit afraid to go first here. It

143
00:08:41,920 --> 00:08:44,960
Speaker 1: seems like I would you be satisfied then if there

144
00:08:45,080 --> 00:08:48,200
Speaker 1: was in fact a vote on infrastructure and Nancy Pelosi

145
00:08:48,360 --> 00:08:51,200
Speaker 1: put that on the shelf until reconciliation was done. Is

146
00:08:51,240 --> 00:08:56,400
Speaker 1: that is that acceptable to both sides? You know, I'll

147
00:08:56,400 --> 00:08:59,840
Speaker 1: tell you one thing. You don't want to bet against

148
00:09:00,160 --> 00:09:06,440
Speaker 1: Nancy Pelosi. If anybody can negotiate a deal that works

149
00:09:06,520 --> 00:09:10,280
Speaker 1: for everyone, it's going to be Nancy Pelosi. And that

150
00:09:10,480 --> 00:09:13,440
Speaker 1: is what was promised. And that is the deal that

151
00:09:13,600 --> 00:09:18,120
Speaker 1: the President of the United States wants. He doesn't have

152
00:09:18,200 --> 00:09:22,360
Speaker 1: to be convinced about the Build back Better or some

153
00:09:22,520 --> 00:09:26,520
Speaker 1: say the Reconciliation Bill, because it's his bill. So we

154
00:09:26,559 --> 00:09:30,400
Speaker 1: can do it all. We can have both and uh,

155
00:09:30,440 --> 00:09:32,640
Speaker 1: and I think that's the route that we that we

156
00:09:32,720 --> 00:09:39,280
Speaker 1: need to take. Congresswoman, moderate moderates, what so, so, tell

157
00:09:39,360 --> 00:09:43,560
Speaker 1: me what part actually do you want to cut? Do

158
00:09:43,640 --> 00:09:48,400
Speaker 1: you want to um take away childcare so that women

159
00:09:49,120 --> 00:09:52,680
Speaker 1: are not able to go go back to work. Um,

160
00:09:52,880 --> 00:09:56,880
Speaker 1: do you want to take away paid family leave? Do

161
00:09:56,920 --> 00:09:59,840
Speaker 1: you want to take away older care? Or expanding medicare

162
00:10:00,040 --> 00:10:03,680
Speaker 1: so people so older people have accents to eye care

163
00:10:04,320 --> 00:10:08,760
Speaker 1: and hearing aids. And you know, do you want to

164
00:10:08,880 --> 00:10:13,319
Speaker 1: do something about pubscription drugs making more affordable? What part

165
00:10:13,400 --> 00:10:16,880
Speaker 1: of that buil do you want to cut? If we

166
00:10:16,960 --> 00:10:20,240
Speaker 1: talk about it only in the dollar terms, we're not

167
00:10:20,400 --> 00:10:24,480
Speaker 1: talking about what really happens to the American people. This

168
00:10:24,559 --> 00:10:32,000
Speaker 1: is transformative. This is asking the wealthiest, the billionaires, and

169
00:10:32,120 --> 00:10:37,720
Speaker 1: the big corporations to pay their fair share and uh

170
00:10:38,320 --> 00:10:41,920
Speaker 1: and to to to give a break to families that

171
00:10:42,000 --> 00:10:46,360
Speaker 1: have been struggling, especially during this COVID period. The view

172
00:10:46,360 --> 00:10:50,520
Speaker 1: from Congresswoman Janschikowski, Democrat from Illinois. Congresswoman, we appreciate your

173
00:10:50,520 --> 00:10:52,760
Speaker 1: time today. We'd love to stay in touch with you

174
00:10:52,840 --> 00:10:55,640
Speaker 1: as we figure all this out. Boy, we do have

175
00:10:55,679 --> 00:10:57,600
Speaker 1: a lot to figure out. We're going to figure it out,

176
00:10:57,880 --> 00:11:01,760
Speaker 1: you'll see. Thank you, Congresswoman. I was I was up

177
00:11:01,760 --> 00:11:05,120
Speaker 1: on the hill earlier today and caught up with a

178
00:11:05,160 --> 00:11:08,560
Speaker 1: couple of members of the Senate, including Lindsay Graham, Republican

179
00:11:08,640 --> 00:11:11,880
Speaker 1: from South Carolina. Was walking through the hall talking with

180
00:11:11,960 --> 00:11:16,280
Speaker 1: reporters and sounding a lot like Mitch McConnell. I think

181
00:11:16,520 --> 00:11:22,600
Speaker 1: Niche's position is pretty sound. You're using the reconcilation process

182
00:11:22,600 --> 00:11:25,800
Speaker 1: sort of going along, driving up the credit card. We

183
00:11:25,920 --> 00:11:30,240
Speaker 1: did a lot together and uh, we've covered that that

184
00:11:30,480 --> 00:11:34,880
Speaker 1: stage him huh so and you know own it. What's

185
00:11:34,880 --> 00:11:39,600
Speaker 1: your vision of what happens if Democrats can't get reconciliation

186
00:11:39,679 --> 00:11:42,320
Speaker 1: done until the middle of October, we're start walking up

187
00:11:42,320 --> 00:11:44,880
Speaker 1: on the cliff again. Yeah, I don't know. I mean,

188
00:11:45,240 --> 00:11:49,560
Speaker 1: they've shown the ability to two uh come together to

189
00:11:49,600 --> 00:11:53,360
Speaker 1: spend money. They didn't showed the ability. You don't seem

190
00:11:53,360 --> 00:11:57,760
Speaker 1: worried about a default that was a no. This is

191
00:11:57,840 --> 00:12:04,480
Speaker 1: Bloomberg So Long with Joe Matthew on Bloomberg Radio. The

192
00:12:04,520 --> 00:12:08,400
Speaker 1: headline on the terminal yelling appeals to Wall Street CEO's

193
00:12:08,559 --> 00:12:13,520
Speaker 1: for help with debt ceiling. President Biden meantime holding group

194
00:12:13,600 --> 00:12:16,839
Speaker 1: sessions with Democratic lawmakers today at the White House. Something

195
00:12:16,840 --> 00:12:20,040
Speaker 1: needs to break here. Maybe I should say something will

196
00:12:20,120 --> 00:12:22,959
Speaker 1: break here. It's just a question of when. And that's

197
00:12:22,960 --> 00:12:26,200
Speaker 1: where we start with the panel Bloomberg Politics contributors Genie

198
00:12:26,280 --> 00:12:28,839
Speaker 1: Chanzano and Rick Davis with this Genie is a good

199
00:12:28,880 --> 00:12:31,840
Speaker 1: or bad When the President summons members to the Oval office.

200
00:12:32,400 --> 00:12:35,240
Speaker 1: I think it's necessary. This thing has gotten to a

201
00:12:35,320 --> 00:12:38,440
Speaker 1: point where the President and Jensaki, as you know, said

202
00:12:38,480 --> 00:12:41,120
Speaker 1: this today, he had to step in, and he's done

203
00:12:41,160 --> 00:12:43,880
Speaker 1: that today. And I think what was fascinating to me

204
00:12:43,960 --> 00:12:46,760
Speaker 1: is when you hear from moderates and progressives, they are

205
00:12:46,880 --> 00:12:51,280
Speaker 1: both claiming to be doing Biden's bidding right. The progressives

206
00:12:51,280 --> 00:12:53,040
Speaker 1: are saying, you know, we need he needs a win.

207
00:12:53,120 --> 00:12:55,080
Speaker 1: We're going to help him get a win. Well, let's

208
00:12:55,080 --> 00:12:58,480
Speaker 1: push this through and and and um, you hear of moderates,

209
00:12:58,520 --> 00:13:00,640
Speaker 1: you know, making that case, and progress of saying we

210
00:13:00,720 --> 00:13:03,400
Speaker 1: got to get the whole package he promised. And so

211
00:13:03,559 --> 00:13:06,840
Speaker 1: I think that shows you how much sway he has

212
00:13:06,920 --> 00:13:08,840
Speaker 1: over both of these sides. And I think the White

213
00:13:08,880 --> 00:13:11,880
Speaker 1: House is trying to use that today. And of course,

214
00:13:11,880 --> 00:13:14,240
Speaker 1: he is a thirty five year veteran of the Senate.

215
00:13:14,280 --> 00:13:17,480
Speaker 1: He knows how this works, so he's perfectly positioned to

216
00:13:17,520 --> 00:13:21,240
Speaker 1: do this. That said, I can't imagine how these talks

217
00:13:21,240 --> 00:13:24,160
Speaker 1: are going because both sides say, at least publicly, that

218
00:13:24,200 --> 00:13:26,319
Speaker 1: they aren't going to blink on this. When you look

219
00:13:26,360 --> 00:13:29,040
Speaker 1: at the list of of those members who are on

220
00:13:29,120 --> 00:13:32,040
Speaker 1: their way to the White House. Here, Rick, I suppose

221
00:13:32,200 --> 00:13:35,319
Speaker 1: Jen Psaki says, it's it's it's all types, it's all viewpoints,

222
00:13:35,320 --> 00:13:39,520
Speaker 1: but but not too many detractors. You've got the leadership

223
00:13:39,600 --> 00:13:42,280
Speaker 1: and people who are typically in step with the president,

224
00:13:42,360 --> 00:13:45,400
Speaker 1: or these contentious meetings, or they strategizing on how to

225
00:13:45,400 --> 00:13:47,360
Speaker 1: get the rest of the caucus on board. Yeah, I

226
00:13:47,360 --> 00:13:49,679
Speaker 1: don't think it's a wood shed session, you know, where

227
00:13:49,720 --> 00:13:52,520
Speaker 1: the president's bringing in congressmen and saying, hey, you know,

228
00:13:52,559 --> 00:13:54,959
Speaker 1: you've really screwed me up here. So I think it's

229
00:13:55,000 --> 00:13:57,400
Speaker 1: more trying to find a middle ground that they can

230
00:13:57,760 --> 00:13:59,880
Speaker 1: actually get some of these things on the president's desk

231
00:14:00,120 --> 00:14:03,360
Speaker 1: sign because he desperately needs some good news. His approval

232
00:14:03,440 --> 00:14:07,000
Speaker 1: rating is plunging. He's had some really bad weeks leading

233
00:14:07,080 --> 00:14:09,680
Speaker 1: up to this with COVID and Afghanistan and other things.

234
00:14:10,200 --> 00:14:13,160
Speaker 1: Uh So he needs to change the topic, and the

235
00:14:13,200 --> 00:14:16,360
Speaker 1: topic needs to be his congressional wins, but he needs

236
00:14:16,360 --> 00:14:20,200
Speaker 1: their cooperation to get it. And I thought what Representive

237
00:14:20,200 --> 00:14:22,960
Speaker 1: Shikovsky was saying earlier in the interview that you had

238
00:14:23,000 --> 00:14:25,560
Speaker 1: wh her, which was fascinating, is that well, maybe we'll

239
00:14:25,600 --> 00:14:27,840
Speaker 1: just pass this Infrastructure bill and then to leave it

240
00:14:27,880 --> 00:14:32,360
Speaker 1: on the desk while while the Reconciliation bill follows up.

241
00:14:32,440 --> 00:14:35,160
Speaker 1: I mean, the pressure that will be under the House

242
00:14:35,680 --> 00:14:38,000
Speaker 1: to have a bill that he can sign sitting in

243
00:14:38,080 --> 00:14:41,680
Speaker 1: Pelosi's bottom drawer is going to be immense. True enough,

244
00:14:42,280 --> 00:14:44,800
Speaker 1: and I think you've seen some of that movie before,

245
00:14:44,920 --> 00:14:48,280
Speaker 1: is well, Rick, But Jennie, how many how many days

246
00:14:48,360 --> 00:14:51,160
Speaker 1: or weeks can we allow that to happen before? I

247
00:14:51,200 --> 00:14:53,360
Speaker 1: mean to say, before how many seconds before people are

248
00:14:53,400 --> 00:14:57,320
Speaker 1: accusing Nancy Pelosi of holding the bill hostage? Well, I

249
00:14:57,360 --> 00:15:00,720
Speaker 1: think that would happen immediately. It is Washington de after all,

250
00:15:00,800 --> 00:15:03,080
Speaker 1: she would be accused of all sorts of things. I

251
00:15:03,120 --> 00:15:07,160
Speaker 1: thought that was really interesting. I do think Nancy Pelosi,

252
00:15:06,920 --> 00:15:11,400
Speaker 1: I thought today, sounded rather optimistic coming out of these meetings.

253
00:15:11,400 --> 00:15:14,800
Speaker 1: She seemed like she's got something under her hat, as

254
00:15:14,800 --> 00:15:17,320
Speaker 1: she usually does, and as the representative said to you,

255
00:15:17,360 --> 00:15:20,440
Speaker 1: don't bet against her, so she may have a way

256
00:15:20,480 --> 00:15:23,360
Speaker 1: to figure this out. Let's not forget this Monday deadline.

257
00:15:23,560 --> 00:15:26,960
Speaker 1: As much as she did make the promise to moderates,

258
00:15:27,000 --> 00:15:30,560
Speaker 1: it is something of an arbitrary deadline, and we could

259
00:15:30,600 --> 00:15:33,120
Speaker 1: see her, you know, or them agreed to hold that

260
00:15:33,200 --> 00:15:36,360
Speaker 1: off a bit, so there is some room to maneuver here,

261
00:15:36,680 --> 00:15:39,760
Speaker 1: but the president does need a win. But it's gonna

262
00:15:39,800 --> 00:15:43,000
Speaker 1: be hard to sort of figure out how they sort

263
00:15:43,040 --> 00:15:46,200
Speaker 1: of tie this together and bring these two sides together

264
00:15:46,480 --> 00:15:50,200
Speaker 1: because right now progressives don't like this bill. We heard

265
00:15:50,200 --> 00:15:53,040
Speaker 1: AOC say that they don't like it, so what's to

266
00:15:53,120 --> 00:15:56,560
Speaker 1: draw them to it? And moderates desperately want the bipartisan

267
00:15:56,920 --> 00:15:59,600
Speaker 1: and they are going to be facing, you know, really

268
00:15:59,640 --> 00:16:02,360
Speaker 1: tough and paigns if they don't get it. We understand

269
00:16:02,360 --> 00:16:04,960
Speaker 1: from our White House team, the Bloomberg White House team

270
00:16:05,000 --> 00:16:08,840
Speaker 1: is letting us know now that the President's meetings have

271
00:16:08,840 --> 00:16:12,080
Speaker 1: have concluded. There were there were two here with regards

272
00:16:12,160 --> 00:16:15,600
Speaker 1: to this. Congressional leadership had the first meeting and afternoon

273
00:16:15,680 --> 00:16:18,440
Speaker 1: session with other members of Congress both House and Senate

274
00:16:18,720 --> 00:16:20,760
Speaker 1: wrapped up just a couple of minutes ago. So I

275
00:16:20,800 --> 00:16:23,120
Speaker 1: suspect we're gonna hear a little bit more about what

276
00:16:23,240 --> 00:16:25,960
Speaker 1: happened inside that room with COVID safe snacks. By the way,

277
00:16:25,960 --> 00:16:28,040
Speaker 1: I'm not sure what COVID safe. Does that mean? They're

278
00:16:28,040 --> 00:16:31,640
Speaker 1: all individually wrapped. You can get back to me on that. Uh,

279
00:16:31,720 --> 00:16:34,960
Speaker 1: considering all of this, uh Rick, do you think they're

280
00:16:35,080 --> 00:16:38,520
Speaker 1: they're working out a plan B when it comes to

281
00:16:38,560 --> 00:16:41,640
Speaker 1: the debt ceiling if they start moving, if Democrats start

282
00:16:41,720 --> 00:16:44,800
Speaker 1: moving the debt ceiling through reconciliation, now, they're only gonna have,

283
00:16:45,000 --> 00:16:46,760
Speaker 1: my gosh, a couple of weeks to get that done.

284
00:16:46,800 --> 00:16:48,840
Speaker 1: And that's about how long it takes to move a

285
00:16:48,880 --> 00:16:51,920
Speaker 1: big piece of reconciliation. You've got vote ramas, you've got

286
00:16:52,200 --> 00:16:55,440
Speaker 1: a lot of legislating to do. Yeah, that's that is

287
00:16:55,480 --> 00:16:58,040
Speaker 1: plan b. Uh. They can always put it on its

288
00:16:58,040 --> 00:17:01,440
Speaker 1: own reconciliation measure. You're not supposed to have more than

289
00:17:01,480 --> 00:17:04,520
Speaker 1: one reconciliation believe that we're breaking a lot of new ground.

290
00:17:05,320 --> 00:17:08,080
Speaker 1: But the bottom line is you're right. I mean, it

291
00:17:08,359 --> 00:17:10,760
Speaker 1: takes some procedural votes. If they get started now, they

292
00:17:10,800 --> 00:17:13,280
Speaker 1: could actually make the deadline. But the question is what

293
00:17:13,359 --> 00:17:16,040
Speaker 1: are they really gaining out of this position they've taken

294
00:17:16,040 --> 00:17:18,600
Speaker 1: to put the Republicans on the spot, because I mean,

295
00:17:18,680 --> 00:17:22,080
Speaker 1: Republicans aren't budging, there's nothing on it for them to budge.

296
00:17:22,560 --> 00:17:24,919
Speaker 1: Uh and and and the Democrats have a way to

297
00:17:24,960 --> 00:17:28,240
Speaker 1: fix this problem and actually keep the focus on reconciliation,

298
00:17:28,280 --> 00:17:30,400
Speaker 1: which is what they're supposed to be worried about. So

299
00:17:30,520 --> 00:17:34,280
Speaker 1: I think they're losing valuable time. I immediately go to

300
00:17:34,480 --> 00:17:38,120
Speaker 1: a to a reconciliation measure to get these things passed. Well,

301
00:17:38,200 --> 00:17:40,840
Speaker 1: Rick is right there, Genie. The Democrats could have done

302
00:17:40,840 --> 00:17:44,360
Speaker 1: this weeks ago. They could have, but I think for Democrats,

303
00:17:44,440 --> 00:17:47,680
Speaker 1: they feel it is important to make the case that

304
00:17:47,960 --> 00:17:51,680
Speaker 1: the GOP spent this money. And as as you were

305
00:17:51,680 --> 00:17:55,000
Speaker 1: talking about in your interview, this is money that was

306
00:17:55,080 --> 00:17:58,040
Speaker 1: spent primarily under their watch and they don't want to

307
00:17:58,080 --> 00:18:00,480
Speaker 1: pay for it. And Democrats want to make a case.

308
00:18:00,760 --> 00:18:03,840
Speaker 1: We told you the ads were coming millions of dollars

309
00:18:03,840 --> 00:18:08,760
Speaker 1: worth to persuade lawmakers from passing the reconciliation bill. Congressman

310
00:18:08,840 --> 00:18:11,679
Speaker 1: Josh Gotdheimer claims to be a moderate working for you,

311
00:18:12,000 --> 00:18:15,440
Speaker 1: not Nancy Pelosi. We don't work for a national political party.

312
00:18:15,440 --> 00:18:17,439
Speaker 1: We work for our district. A commercial part of a

313
00:18:17,520 --> 00:18:19,679
Speaker 1: seven and a half million dollar ad by from the

314
00:18:19,680 --> 00:18:24,000
Speaker 1: American Action Network sending messages to the home districts of lawmakers.

315
00:18:24,040 --> 00:18:27,679
Speaker 1: In that case, Moderate Democrat Josh Gottheimer of New Jersey

316
00:18:27,720 --> 00:18:29,760
Speaker 1: is one of the moderates who cut the deal with

317
00:18:29,840 --> 00:18:32,639
Speaker 1: Nancy Pelosi to get an infrastructure vote on Monday. But

318
00:18:32,720 --> 00:18:34,960
Speaker 1: he's one of many, and joining us to talk about

319
00:18:35,000 --> 00:18:39,120
Speaker 1: the effort is political communications expert Adam Belmar, former White

320
00:18:39,119 --> 00:18:43,080
Speaker 1: House Deputy Communications Director, now with the Advocacy Content Kitchen,

321
00:18:43,119 --> 00:18:46,480
Speaker 1: where he is a principal and makes ads himself. Adam

322
00:18:46,720 --> 00:18:50,639
Speaker 1: a a N is one of many groups actively lobbying

323
00:18:50,760 --> 00:18:53,919
Speaker 1: against reconciliation by spending a lot of money on ads

324
00:18:53,960 --> 00:18:56,520
Speaker 1: like these. We've talked about this before. Do they actually work?

325
00:18:57,080 --> 00:18:59,719
Speaker 1: These ads work? Joe, It's good to be back with you.

326
00:19:00,240 --> 00:19:02,920
Speaker 1: This is a meaningful spend coming out of the American

327
00:19:03,000 --> 00:19:06,080
Speaker 1: Action Network. And while much of Washington d C is

328
00:19:06,160 --> 00:19:09,560
Speaker 1: usually just talking to itself and when they're advertising, they're

329
00:19:09,600 --> 00:19:12,639
Speaker 1: usually just advertising to themselves, and they want to be

330
00:19:12,680 --> 00:19:14,560
Speaker 1: seen doing it. This is a This is a horse

331
00:19:14,560 --> 00:19:17,960
Speaker 1: of a different color. These ads are bespoke. They are

332
00:19:18,040 --> 00:19:22,040
Speaker 1: detailed for every single audience in every district that they

333
00:19:22,040 --> 00:19:25,680
Speaker 1: are targeted at, and they are calling for action. You've

334
00:19:25,720 --> 00:19:28,119
Speaker 1: seen some of the ads that we're talking about here,

335
00:19:28,160 --> 00:19:31,560
Speaker 1: and it's interestingly they all take a slightly different method

336
00:19:31,680 --> 00:19:35,800
Speaker 1: here in this particular ad against Josh Gottheimer. Now he's

337
00:19:35,880 --> 00:19:38,919
Speaker 1: letting Pelosi push through trillions and spending on a liberal

338
00:19:38,920 --> 00:19:42,200
Speaker 1: wish list. Tell Josh Goddheimer it's time to finally oppose

339
00:19:42,240 --> 00:19:45,800
Speaker 1: Pelosi's liberals. Josh Godheimer, a call to action, Adam, A

340
00:19:45,840 --> 00:19:48,399
Speaker 1: pretty classic move here. They even put the phone number

341
00:19:48,400 --> 00:19:52,080
Speaker 1: on the screen. You're absolutely right. This is about foam

342
00:19:52,119 --> 00:19:54,080
Speaker 1: ating action. In the case of a phone call to

343
00:19:54,720 --> 00:19:57,760
Speaker 1: a member of Congress from their constituents. They're already feeling

344
00:19:57,800 --> 00:19:59,640
Speaker 1: the heat in a lot of different ways, but when

345
00:19:59,640 --> 00:20:02,480
Speaker 1: it starts to come from actual voters in your district,

346
00:20:02,960 --> 00:20:06,239
Speaker 1: it turns the needle way up. And I think that

347
00:20:06,280 --> 00:20:09,760
Speaker 1: while it might not change god Homer's view on this vote,

348
00:20:10,040 --> 00:20:14,040
Speaker 1: it may very well impact his posture against the entire

349
00:20:14,440 --> 00:20:17,040
Speaker 1: Biden build back agenda and where he falls in the

350
00:20:17,640 --> 00:20:20,080
Speaker 1: need to get reelected. Mr Matthew, what do you think

351
00:20:20,080 --> 00:20:23,680
Speaker 1: of the production values, the dramatic music, the voiceover. People

352
00:20:23,720 --> 00:20:27,520
Speaker 1: aren't too savvy for this, huh. Listen. When I reviewed

353
00:20:27,520 --> 00:20:29,920
Speaker 1: all of these ads, I was highly impressed. These are

354
00:20:30,040 --> 00:20:34,040
Speaker 1: tailored for each of the markets and the target audiences

355
00:20:34,080 --> 00:20:38,440
Speaker 1: within them. Even here in Virginia. They're speaking very directly

356
00:20:38,480 --> 00:20:41,960
Speaker 1: with images and sounds that are geared to play on

357
00:20:42,000 --> 00:20:44,840
Speaker 1: the fears of people in these districts, and they are

358
00:20:44,920 --> 00:20:48,240
Speaker 1: unhappy with the tax and spend that they're seen going

359
00:20:48,280 --> 00:20:50,359
Speaker 1: on in Washington. And it is not a far reach

360
00:20:50,400 --> 00:20:53,880
Speaker 1: to pick up the phone. These ads are exactly what

361
00:20:53,920 --> 00:20:56,440
Speaker 1: you do when you mean business. This is a big

362
00:20:56,480 --> 00:20:59,800
Speaker 1: spend and they're highly targeted, Joe, this is highly efficient.

363
00:21:00,119 --> 00:21:03,080
Speaker 1: Is not being wasted money against wide spats of people

364
00:21:03,440 --> 00:21:05,880
Speaker 1: who have no interest in the matter. This is going

365
00:21:05,920 --> 00:21:07,760
Speaker 1: to people who help make a difference. What do you

366
00:21:07,800 --> 00:21:09,800
Speaker 1: get for seven and a half million dollars? Can you

367
00:21:09,800 --> 00:21:12,879
Speaker 1: put a bi like that in perspective for us? So

368
00:21:12,920 --> 00:21:16,360
Speaker 1: in these cases, they are not primarily television ads. They're

369
00:21:16,400 --> 00:21:21,119
Speaker 1: targeted YouTube pre roll ads, and they are pernicious and

370
00:21:21,200 --> 00:21:24,879
Speaker 1: that that they are being seen constantly everywhere you go.

371
00:21:25,000 --> 00:21:27,680
Speaker 1: You can't escape them, and they're highly share able. I

372
00:21:27,720 --> 00:21:29,600
Speaker 1: think they're very effective and you get a lot of

373
00:21:29,640 --> 00:21:31,840
Speaker 1: bang for your buckets seven and a half million dollars

374
00:21:31,840 --> 00:21:34,480
Speaker 1: and the limited way that they're spending it. They spend

375
00:21:34,560 --> 00:21:37,280
Speaker 1: some of that money, by the way, on the production.

376
00:21:37,359 --> 00:21:40,040
Speaker 1: These were not cheap to produce. They were written and

377
00:21:40,160 --> 00:21:43,600
Speaker 1: designed for very maximum effect. And I think that they're

378
00:21:43,600 --> 00:21:46,720
Speaker 1: going to find that this is where you get taken seriously,

379
00:21:46,760 --> 00:21:48,600
Speaker 1: you know, there aren't a lot of people who are

380
00:21:48,640 --> 00:21:52,120
Speaker 1: ready to go out there and prosecute an AD campaign

381
00:21:52,160 --> 00:21:55,159
Speaker 1: like this. A A N is a vehicle that people trust.

382
00:21:55,320 --> 00:21:57,800
Speaker 1: That's why they have the money, and they're never afraid

383
00:21:57,800 --> 00:22:00,720
Speaker 1: to get involved. The ads are slick, Adam, and they

384
00:22:00,800 --> 00:22:04,119
Speaker 1: take different approaches. You heard the one for Goodheimer. It

385
00:22:04,200 --> 00:22:06,120
Speaker 1: hits his name right off the top. As another ad

386
00:22:06,119 --> 00:22:09,960
Speaker 1: here for a Congressman named Jared Golden, a Democrat, a

387
00:22:10,000 --> 00:22:13,359
Speaker 1: moderate Democrat from the state of Maine. And you're not

388
00:22:13,480 --> 00:22:15,840
Speaker 1: entirely sure who they're talking about when this starts. See

389
00:22:15,880 --> 00:22:19,439
Speaker 1: see liberals over spending. It benefits a few while working

390
00:22:19,480 --> 00:22:23,199
Speaker 1: Americans suffer. Now they're pushing a three trillion dollar at

391
00:22:23,240 --> 00:22:25,360
Speaker 1: the set up with the voice over here, and they

392
00:22:25,480 --> 00:22:29,520
Speaker 1: name check Nancy Pelosi. They even show images Adam of

393
00:22:29,640 --> 00:22:34,280
Speaker 1: AOC Alexandriacascio Cortez wearing that dress. You see that at

394
00:22:34,280 --> 00:22:36,720
Speaker 1: the met gala the other night. The white dress says

395
00:22:36,800 --> 00:22:39,520
Speaker 1: tax the rich across the back of this thing. This

396
00:22:39,600 --> 00:22:42,000
Speaker 1: is where the ad is going here, and it resolves

397
00:22:42,680 --> 00:22:45,800
Speaker 1: with the Congresses. This is the very end. But Main's

398
00:22:45,840 --> 00:22:48,879
Speaker 1: middle class gets stuck with the bill New taxes and

399
00:22:48,920 --> 00:22:54,440
Speaker 1: even higher prices. Tell Congressman Golden, divert against pelosi spending spree.

400
00:22:54,560 --> 00:22:57,480
Speaker 1: Another call to action, Tell Congressman Golden, But you have

401
00:22:57,560 --> 00:22:59,479
Speaker 1: to wait till the end of this thirty second roll

402
00:22:59,520 --> 00:23:03,120
Speaker 1: after seeing all the images of the elite. Well, that's because,

403
00:23:03,440 --> 00:23:07,040
Speaker 1: as you said on this broadcast yesterday, all politics is local,

404
00:23:07,560 --> 00:23:10,640
Speaker 1: and people generally don't have a favorable view of Congress,

405
00:23:10,680 --> 00:23:13,720
Speaker 1: but they do of their own congressman. And while this

406
00:23:13,840 --> 00:23:17,760
Speaker 1: plays to the prevailing sentiment among voters in Maine, it

407
00:23:17,840 --> 00:23:21,679
Speaker 1: doesn't focus that fomenting anger and upset until the very end,

408
00:23:21,720 --> 00:23:25,160
Speaker 1: and it gives them an outlet call him now before

409
00:23:25,200 --> 00:23:27,639
Speaker 1: it's too late. Every single one of these ads is

410
00:23:27,680 --> 00:23:31,040
Speaker 1: similar in theme and execution, but bespoken. It's writing and

411
00:23:31,080 --> 00:23:34,879
Speaker 1: its visual play, and they all bring you to the

412
00:23:34,920 --> 00:23:37,600
Speaker 1: point where you want to pick up the phone. Adam

413
00:23:37,600 --> 00:23:39,800
Speaker 1: Bell Mar you do this for a living. I'm just curious.

414
00:23:39,880 --> 00:23:42,840
Speaker 1: There a room full of menacing sounding voice over people.

415
00:23:42,880 --> 00:23:45,600
Speaker 1: Who does there a big orchestra that just plays scary music?

416
00:23:45,600 --> 00:23:47,840
Speaker 1: How does how do all these elements come together? How

417
00:23:47,840 --> 00:23:50,480
Speaker 1: long does it take to put a campaign like this together? Well,

418
00:23:50,520 --> 00:23:52,560
Speaker 1: if we pull back the curtain for the production on

419
00:23:52,680 --> 00:23:57,720
Speaker 1: something like this. It's an incorporation of animation, stock footage,

420
00:23:58,000 --> 00:24:01,439
Speaker 1: and reliable voiceover talent, all of which can be found

421
00:24:01,520 --> 00:24:05,000
Speaker 1: on the Internet. And I must say it does take

422
00:24:05,040 --> 00:24:07,520
Speaker 1: some political savvy and good writing, but it is not

423
00:24:07,640 --> 00:24:10,440
Speaker 1: long to turn these things around weeks. But it does

424
00:24:10,480 --> 00:24:13,600
Speaker 1: require a client with a voice and knowing exactly what

425
00:24:13,640 --> 00:24:15,200
Speaker 1: they want to say and who they need to say

426
00:24:15,200 --> 00:24:18,440
Speaker 1: it to. They have all of that. They are practiced,

427
00:24:18,560 --> 00:24:23,119
Speaker 1: they are moneyed, and they are effective. Adam Bellmer, former

428
00:24:23,160 --> 00:24:27,200
Speaker 1: White House Deputy Communications Director, now principal at the Advocacy

429
00:24:27,240 --> 00:24:30,960
Speaker 1: Content Kitchen where they make political messaging ads there as well.

430
00:24:31,000 --> 00:24:32,720
Speaker 1: He's an expert, and Adam, we thank you for coming

431
00:24:32,720 --> 00:24:34,800
Speaker 1: in to talk to us. As always. Thank you, Joe,

432
00:24:34,840 --> 00:24:37,199
Speaker 1: It's good to be with you. Man's passionate about what

433
00:24:37,240 --> 00:24:40,879
Speaker 1: he does and a fascinating peak behind the curtain. This

434
00:24:41,400 --> 00:24:46,240
Speaker 1: is Bloomberg So long with Joe Matthew on Bloomberg Radio.

435
00:24:48,040 --> 00:24:50,520
Speaker 1: They wouldn't buy them if they didn't work right. Seven

436
00:24:50,520 --> 00:24:53,679
Speaker 1: and a half million dollars in ads targeting moderate Democrats

437
00:24:53,680 --> 00:24:56,280
Speaker 1: by the American Action Network. We just put an ear

438
00:24:56,359 --> 00:24:58,399
Speaker 1: on some of them, talked about him with Adam bellmar

439
00:24:58,560 --> 00:25:01,920
Speaker 1: just one of the groups though investing and stopping or

440
00:25:01,960 --> 00:25:05,639
Speaker 1: at least slowing the reconciliation plans that will result in

441
00:25:05,720 --> 00:25:08,440
Speaker 1: tax hikes for corporations and the wealthy, depending on how

442
00:25:08,480 --> 00:25:11,119
Speaker 1: you define them. And we bring in the panel now

443
00:25:11,200 --> 00:25:14,800
Speaker 1: around how the Fastest Hour in Politics. Bloomberg Politics contributors

444
00:25:14,840 --> 00:25:17,240
Speaker 1: Geenie Schanzano and Rick Davis. Rick, You've been on both

445
00:25:17,280 --> 00:25:20,199
Speaker 1: sides of ads like these two groups, like the A,

446
00:25:20,320 --> 00:25:22,800
Speaker 1: A N. I think they're gonna stop this process or

447
00:25:22,800 --> 00:25:25,040
Speaker 1: are they just trying to embarrass lawmakers on the way

448
00:25:25,080 --> 00:25:27,720
Speaker 1: so they hear about it from voters. Um A little

449
00:25:27,720 --> 00:25:30,600
Speaker 1: bit of both. And there's no question that this is

450
00:25:30,680 --> 00:25:34,159
Speaker 1: a disarray tactic, right. They want to harden the positions

451
00:25:34,200 --> 00:25:38,879
Speaker 1: of these moderates against caving to the to the you know,

452
00:25:38,960 --> 00:25:43,080
Speaker 1: AOC wing of the party against Nancy Pelosi, and and

453
00:25:43,119 --> 00:25:45,520
Speaker 1: the moderates are in districts, these twenty four districts where

454
00:25:45,560 --> 00:25:48,480
Speaker 1: the ADS are running um where they might actually be

455
00:25:48,520 --> 00:25:50,400
Speaker 1: able to flip them. So it's a two fer, right.

456
00:25:50,480 --> 00:25:53,400
Speaker 1: It creates a hardening of the position of the moderates

457
00:25:53,440 --> 00:25:56,679
Speaker 1: against the liberals in the House and opens up some

458
00:25:56,720 --> 00:25:59,040
Speaker 1: opportunities for them to take over some of these districts

459
00:25:59,040 --> 00:26:01,359
Speaker 1: in the long run. So, uh, it's it's it's a

460
00:26:01,359 --> 00:26:03,880
Speaker 1: good strategy, it's a solid strategy. They're they're not looking

461
00:26:03,920 --> 00:26:06,840
Speaker 1: to actually get anything out of this. What they are

462
00:26:06,880 --> 00:26:11,680
Speaker 1: trying to do is soften up the field of play

463
00:26:11,720 --> 00:26:14,879
Speaker 1: for the two thousand twenty two mid terms and and

464
00:26:14,960 --> 00:26:19,160
Speaker 1: create disarray within the Democratic caucus. And I say that's

465
00:26:19,240 --> 00:26:22,160
Speaker 1: the secondary issue, because the Democrats are doing a great

466
00:26:22,240 --> 00:26:24,920
Speaker 1: job of creating disarray in their own caucus. You might

467
00:26:24,960 --> 00:26:28,000
Speaker 1: even agree with that, Genie, how would you advise lawmakers here?

468
00:26:28,040 --> 00:26:30,199
Speaker 1: Do you duck and cover or do you try to

469
00:26:30,280 --> 00:26:33,000
Speaker 1: spend this, you know, as big money trying to shut

470
00:26:33,000 --> 00:26:35,560
Speaker 1: down the little guy. I think they can try to

471
00:26:35,680 --> 00:26:37,639
Speaker 1: spin it. I think it is tough to spend. The

472
00:26:37,680 --> 00:26:41,280
Speaker 1: problem Democrats have right now is precisely what we see

473
00:26:41,359 --> 00:26:44,960
Speaker 1: with these ads. They are busy squabbling and fighting with

474
00:26:45,040 --> 00:26:48,080
Speaker 1: each other, and they aren't able to get their message

475
00:26:48,080 --> 00:26:51,200
Speaker 1: out to the American public about where this money would

476
00:26:51,200 --> 00:26:54,760
Speaker 1: go and how it would change lives from birth to death.

477
00:26:54,920 --> 00:26:59,560
Speaker 1: There is serious, serious policy implications to this. Many Americans

478
00:26:59,560 --> 00:27:02,399
Speaker 1: support what is in the bill, you know, setting the

479
00:27:02,520 --> 00:27:06,560
Speaker 1: number aside. Democrats have to stop squabbling and get that

480
00:27:06,640 --> 00:27:09,320
Speaker 1: message out. And I would also I would also just

481
00:27:09,680 --> 00:27:11,960
Speaker 1: you know, note that we're seeing seven and a half

482
00:27:12,040 --> 00:27:14,919
Speaker 1: million now some of the projections for spending for the

483
00:27:15,000 --> 00:27:18,640
Speaker 1: mid term. I saw one projection eight point nine billion

484
00:27:18,760 --> 00:27:22,920
Speaker 1: for this cycle. That's a two increase from the last

485
00:27:23,040 --> 00:27:25,920
Speaker 1: mid term cycle, which was four billion, and it's almost

486
00:27:25,920 --> 00:27:28,840
Speaker 1: comparable to what was spent in the cycle. So when

487
00:27:28,880 --> 00:27:31,520
Speaker 1: we talk about the import of who's going to control

488
00:27:31,600 --> 00:27:34,720
Speaker 1: the House and the Senate, and the spending is an

489
00:27:34,720 --> 00:27:37,240
Speaker 1: indication of that. That is big money. Well, let's just

490
00:27:37,280 --> 00:27:40,800
Speaker 1: take a moment to acknowledge the irony of of political

491
00:27:40,840 --> 00:27:46,119
Speaker 1: groups and lawmakers campaigns seizing upon these valuable platforms to

492
00:27:46,280 --> 00:27:49,040
Speaker 1: spend all this money to reach all these people. We're

493
00:27:49,040 --> 00:27:52,199
Speaker 1: talking YouTube owned by Google, right and Facebook, both of

494
00:27:52,240 --> 00:27:54,720
Speaker 1: which lawmakers on both sides of the aisle are trying

495
00:27:54,760 --> 00:27:58,240
Speaker 1: to break up right now. But I digress. The headline

496
00:27:58,240 --> 00:28:02,160
Speaker 1: on the terminal House gop squi his Pelosi on bipartisan

497
00:28:02,240 --> 00:28:05,160
Speaker 1: infrastructure bill. This is something if you want to talk

498
00:28:05,200 --> 00:28:08,399
Speaker 1: about discord. Eric Wasson writes Republican leaders in the House,

499
00:28:08,560 --> 00:28:12,560
Speaker 1: urging Republican lawmakers to vote against the bipart is an

500
00:28:12,560 --> 00:28:16,280
Speaker 1: infrastructure bill on Monday, assuming it happens, But as Eric writes,

501
00:28:16,320 --> 00:28:19,560
Speaker 1: it's increasing the likelihood Speaker Pelosi will have to postpone

502
00:28:20,240 --> 00:28:23,679
Speaker 1: a plan Monday vote on the bill given opposition in

503
00:28:23,720 --> 00:28:25,959
Speaker 1: her own caucus. Is this the beginning of the end

504
00:28:26,040 --> 00:28:29,200
Speaker 1: rick of the Biden economic agenda? No, I suspect it's

505
00:28:29,280 --> 00:28:32,480
Speaker 1: a It's an effort to try and pull together a

506
00:28:32,720 --> 00:28:38,160
Speaker 1: omnibus agreement with both parties take some of the pressure off. Again.

507
00:28:38,840 --> 00:28:42,320
Speaker 1: It's it's gonna put Gottheimer and his team of moderates

508
00:28:42,360 --> 00:28:45,280
Speaker 1: in the House in a very difficult spot because they've

509
00:28:45,280 --> 00:28:48,280
Speaker 1: already caved once to even get to this point, and

510
00:28:48,360 --> 00:28:52,040
Speaker 1: so caving again to move off of the seven is

511
00:28:52,040 --> 00:28:56,080
Speaker 1: gonna really deflate him. But I suspect those were the

512
00:28:56,080 --> 00:28:58,720
Speaker 1: conversations they were having in the White House today And

513
00:28:58,760 --> 00:29:02,000
Speaker 1: it's and and by the way, it's very powerful for

514
00:29:02,240 --> 00:29:05,120
Speaker 1: legislative strategy to have a President Nited States sitting there

515
00:29:05,120 --> 00:29:07,560
Speaker 1: in the room saying, I promise you you'll get that vote.

516
00:29:07,680 --> 00:29:10,080
Speaker 1: Right as you're not talking to Pelosi, you're not talking

517
00:29:10,080 --> 00:29:12,720
Speaker 1: to Schumer. You're talking about President United States. And he's

518
00:29:12,760 --> 00:29:15,880
Speaker 1: a leader your party, the others aren't. And and so

519
00:29:16,040 --> 00:29:18,320
Speaker 1: my guess is those are the tactics that were employed

520
00:29:18,360 --> 00:29:22,680
Speaker 1: today during these congressional meetings. Genie off half the Progressive

521
00:29:22,840 --> 00:29:27,360
Speaker 1: Democrats in the House about vote no as they're promising

522
00:29:27,400 --> 00:29:30,360
Speaker 1: on the bipart as an infrastructure bill if they don't

523
00:29:30,400 --> 00:29:33,760
Speaker 1: get reconciliation, are there enough or would there possibly be

524
00:29:33,880 --> 00:29:37,720
Speaker 1: enough Republicans to make up the difference? It is possible.

525
00:29:37,840 --> 00:29:40,720
Speaker 1: I think it's going to be something that Kevin McCarthy

526
00:29:40,800 --> 00:29:43,320
Speaker 1: fights hard against. The last thing he wants to do

527
00:29:43,480 --> 00:29:46,840
Speaker 1: is give Pelosi or certainly Joe Biden, any sort of

528
00:29:47,000 --> 00:29:49,720
Speaker 1: sense of a win. So I think it's going to

529
00:29:49,800 --> 00:29:52,360
Speaker 1: be hard. You may see some come over. And I

530
00:29:52,400 --> 00:29:54,120
Speaker 1: think we also have to give a shout out to

531
00:29:54,240 --> 00:29:58,000
Speaker 1: Josh Gottheimer, who is really, in my mind, really given

532
00:29:58,080 --> 00:30:01,480
Speaker 1: some energy to this moderate Democratic movement. He is, you know,

533
00:30:01,600 --> 00:30:05,240
Speaker 1: something of the Joe mansion of the House at this point,

534
00:30:05,600 --> 00:30:08,360
Speaker 1: and the Progressives have had all the energy on the

535
00:30:08,360 --> 00:30:10,960
Speaker 1: Democrat in the Democratic Party of late, and he is

536
00:30:11,000 --> 00:30:14,719
Speaker 1: really giving the moderates some much needed energy there. Of

537
00:30:14,760 --> 00:30:17,600
Speaker 1: course that's not really what Pelosier Biden want at this point,

538
00:30:17,840 --> 00:30:19,840
Speaker 1: but it does work. For these moderates who have a

539
00:30:19,840 --> 00:30:22,760
Speaker 1: tough fight ahead. You need to turn to geopolitics with

540
00:30:22,800 --> 00:30:25,200
Speaker 1: you both, because I keep hearing about France and I'm

541
00:30:25,280 --> 00:30:28,400
Speaker 1: just I'm amazed the legs the story has, But maybe

542
00:30:28,440 --> 00:30:30,920
Speaker 1: not a lot of Americans appreciate the impact that this

543
00:30:31,000 --> 00:30:34,920
Speaker 1: had overseas. The submarine deal now we understand. President Biden

544
00:30:34,960 --> 00:30:38,360
Speaker 1: will meet in person with Emmanuel Macrone in October. They

545
00:30:38,360 --> 00:30:41,200
Speaker 1: talked on the phone last night seeking as I read

546
00:30:41,200 --> 00:30:44,400
Speaker 1: on the terminal to mentories after a US nuclear powered

547
00:30:44,400 --> 00:30:50,080
Speaker 1: submarine deal with Australia outraged officials in Paris. Apparently it

548
00:30:50,200 --> 00:30:52,120
Speaker 1: was a cordial phone call. We got the read out

549
00:30:52,120 --> 00:30:54,520
Speaker 1: from the White House. The too agreed that the situation

550
00:30:54,560 --> 00:30:58,960
Speaker 1: would have benefited from open consultations. President Biden acknowledging, maybe

551
00:30:59,000 --> 00:31:01,600
Speaker 1: we should have told you more or earlier. But of

552
00:31:01,640 --> 00:31:03,760
Speaker 1: course Boris Johnson, the UK is on the other end

553
00:31:03,760 --> 00:31:05,760
Speaker 1: of this deal, has had it. He doesn't understand when

554
00:31:05,880 --> 00:31:08,600
Speaker 1: he's back in Washington today telling people to calm that.

555
00:31:08,880 --> 00:31:11,120
Speaker 1: I just think it's it's it's time for some of

556
00:31:11,120 --> 00:31:14,240
Speaker 1: our dearest friends around the world to you know, Prome

557
00:31:14,640 --> 00:31:18,160
Speaker 1: grip about all this uh and don't want and break

558
00:31:18,720 --> 00:31:25,520
Speaker 1: because this is fundamentally a great step forward for global security.

559
00:31:25,920 --> 00:31:29,200
Speaker 1: He's a character, of course, and Jensaki the White House

560
00:31:29,200 --> 00:31:32,640
Speaker 1: Press six. Jerry was asked about that particular comments calling

561
00:31:32,640 --> 00:31:35,920
Speaker 1: on the French to get helpful at this point. Well,

562
00:31:36,320 --> 00:31:38,840
Speaker 1: I can only speak for our relationship with the French

563
00:31:38,920 --> 00:31:41,840
Speaker 1: and our relationship with the United Kingdom. Uh. And I

564
00:31:41,840 --> 00:31:44,360
Speaker 1: will say that the President during this call, as we

565
00:31:44,400 --> 00:31:48,040
Speaker 1: said in the readout, acknowledged that there could be uh

566
00:31:48,360 --> 00:31:50,440
Speaker 1: more of a there could have been more discussion in

567
00:31:50,480 --> 00:31:53,280
Speaker 1: advance of the announcement, and that was an important, uh

568
00:31:53,560 --> 00:31:57,080
Speaker 1: important message for him to convey during that conversation. So

569
00:31:57,120 --> 00:31:59,480
Speaker 1: I can't speak to the comments and whether they're constructive

570
00:31:59,560 --> 00:32:01,200
Speaker 1: or not from other countries. I must have to call

571
00:32:01,240 --> 00:32:03,360
Speaker 1: my dad to translate that for me. Take a grip

572
00:32:03,400 --> 00:32:05,480
Speaker 1: and give me a break is what he actually said

573
00:32:06,560 --> 00:32:11,760
Speaker 1: in French standing in front of the US capital. Uh.

574
00:32:11,880 --> 00:32:14,200
Speaker 1: I don't know how far this story is going to

575
00:32:14,280 --> 00:32:17,240
Speaker 1: go here, Rick, but the French are very upset. Apparently

576
00:32:17,360 --> 00:32:19,840
Speaker 1: John Kerry is on his way there to help to

577
00:32:19,920 --> 00:32:22,240
Speaker 1: smooth this out. Am I missing something here beyond the

578
00:32:22,280 --> 00:32:26,440
Speaker 1: money involved? Yeah? I mean there's prestige. The French have

579
00:32:26,560 --> 00:32:31,400
Speaker 1: been trying to fill some of the leadership vacuum that's

580
00:32:31,440 --> 00:32:36,080
Speaker 1: happening in Europe with the UH, the British leaving Brexit

581
00:32:36,760 --> 00:32:42,120
Speaker 1: or the EU and and Merkel stepping down or leaving

582
00:32:42,200 --> 00:32:46,000
Speaker 1: the premiership in Germany. UH. Macrone has been trying to

583
00:32:46,040 --> 00:32:48,920
Speaker 1: position himself as the next big leader of Europe and

584
00:32:49,000 --> 00:32:52,200
Speaker 1: so having this happened to him at the trajectory of

585
00:32:52,240 --> 00:32:56,600
Speaker 1: his assent UH is really a big problem for him.

586
00:32:56,680 --> 00:33:02,280
Speaker 1: And so UH, I'm not surprised that the Prime Minister

587
00:33:02,320 --> 00:33:06,560
Speaker 1: of Great Britain, who just left Europe UH, took a

588
00:33:06,560 --> 00:33:09,960
Speaker 1: shot at him. I noticed that the Germans have fired

589
00:33:10,000 --> 00:33:12,560
Speaker 1: back and said no, no, no, this is a big deal.

590
00:33:13,600 --> 00:33:16,720
Speaker 1: Americans have done wrong here. So I don't think we've

591
00:33:16,720 --> 00:33:18,800
Speaker 1: heard the last of this. But it's all to do

592
00:33:18,880 --> 00:33:21,479
Speaker 1: with nothing. I mean, the Australians are going to get

593
00:33:21,560 --> 00:33:25,480
Speaker 1: nuclear powered submarines, UH. Boris Johnson is correct. This is

594
00:33:25,640 --> 00:33:29,000
Speaker 1: great news for security in the in the Pacific, UH,

595
00:33:29,040 --> 00:33:31,600
Speaker 1: and probably something we really need to have done. So

596
00:33:32,160 --> 00:33:34,040
Speaker 1: the fact that they don't have a French flag flying

597
00:33:34,160 --> 00:33:37,120
Speaker 1: on their bathroom toilet seat is you know, not going

598
00:33:37,160 --> 00:33:39,360
Speaker 1: to be the big issue. As soon as we get

599
00:33:39,400 --> 00:33:43,240
Speaker 1: over this we're talking about a nuke versus conventional powered

600
00:33:43,720 --> 00:33:47,080
Speaker 1: UH submarines. Here writes a new generation of submarines. Genie

601
00:33:47,160 --> 00:33:51,280
Speaker 1: should should Joe Biden or or Boris Johnson or someone say, look, well,

602
00:33:51,880 --> 00:33:55,120
Speaker 1: we make better submarines. It's a sixty six billion dollar

603
00:33:55,200 --> 00:33:58,120
Speaker 1: deal that France lost, But if they had better submarines,

604
00:33:58,280 --> 00:34:01,400
Speaker 1: would they not have kept that deal? Well, that's right,

605
00:34:01,440 --> 00:34:05,200
Speaker 1: the submarines are better. From that perspective, it makes sense.

606
00:34:05,280 --> 00:34:07,360
Speaker 1: But you know, it was only about what three or

607
00:34:07,400 --> 00:34:11,200
Speaker 1: four months ago that Joe Biden and uh crone were

608
00:34:11,520 --> 00:34:14,960
Speaker 1: strolling the beach arm in arm of waxing poetical and

609
00:34:15,440 --> 00:34:18,040
Speaker 1: the G seven And my, how things change. And of

610
00:34:18,080 --> 00:34:22,399
Speaker 1: course this is a big hit to McCrone domestically, and

611
00:34:22,560 --> 00:34:25,560
Speaker 1: he is making that clear. And it is also strangely

612
00:34:25,640 --> 00:34:28,160
Speaker 1: put China and France sort of on the same page.

613
00:34:28,520 --> 00:34:31,160
Speaker 1: But I think, you know, from a broader perspective, I

614
00:34:31,200 --> 00:34:35,879
Speaker 1: think it really does signal this and the withdrawal from Afghanistan,

615
00:34:35,960 --> 00:34:38,440
Speaker 1: whatever we think about it, you know, whether hurried or not,

616
00:34:38,840 --> 00:34:42,759
Speaker 1: shows how intent President Biden is on shifting to the

617
00:34:42,800 --> 00:34:47,600
Speaker 1: Asia Pacific region he has, you know, including if it

618
00:34:47,640 --> 00:34:51,000
Speaker 1: means risking relationships with key allies. You know there are

619
00:34:51,000 --> 00:34:54,480
Speaker 1: experience foreign policy experts in the State Department. Joe Biden

620
00:34:54,600 --> 00:34:57,320
Speaker 1: is no stranger to this, and I think this underscores

621
00:34:57,600 --> 00:35:01,520
Speaker 1: the threat that Biden and the administration see from China

622
00:35:01,640 --> 00:35:04,840
Speaker 1: and their willingness to risk a lot to make that pivot.

623
00:35:05,160 --> 00:35:07,440
Speaker 1: This is why so many were questioning all of this

624
00:35:07,600 --> 00:35:10,520
Speaker 1: going into the UN General Assembly. I just want to

625
00:35:10,560 --> 00:35:13,480
Speaker 1: mention redhead on the terminal. This is breaking right now,

626
00:35:13,520 --> 00:35:18,040
Speaker 1: the FDA moving to authorize the fiser booster, a third

627
00:35:18,120 --> 00:35:20,920
Speaker 1: shot for people sixty five and over those considered it

628
00:35:21,040 --> 00:35:24,480
Speaker 1: high risk. You remember the advisory panel recommended this, and

629
00:35:24,560 --> 00:35:27,360
Speaker 1: as expected, now the full f DA moving to authorize

630
00:35:27,360 --> 00:35:30,080
Speaker 1: a third fightser shot for people sixty five and over,

631
00:35:30,480 --> 00:35:35,879
Speaker 1: also authorizing it for people in high exposure workplaces. Rick,

632
00:35:35,960 --> 00:35:38,040
Speaker 1: I don't know if that includes radio shows. We'll get

633
00:35:38,040 --> 00:35:40,319
Speaker 1: more on that for you for this time tomorrow. When

634
00:35:40,320 --> 00:35:43,360
Speaker 1: news breaks you hear about it right here on Sound

635
00:35:43,440 --> 00:35:47,120
Speaker 1: on Big. Thanks to Jeanie Schanzano and Rick Davis spending

636
00:35:47,120 --> 00:35:49,320
Speaker 1: the hour with us here and all of our guests,

637
00:35:49,400 --> 00:35:52,839
Speaker 1: Congresswoman jan Hikowski and Adam Belmar. I'm Joe Matthew. This

638
00:35:53,160 --> 00:35:53,880
Speaker 1: is Bloomberg,