WEBVTT - Surveillance: Lawmakers Weigh Biden’s Stimulus Plan 0:00:09.880 --> 0:00:13.800 Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane. Daily 0:00:13.960 --> 0:00:17.560 we bring you insight from the best in economics, finance, investment, 0:00:18.000 --> 0:00:23.480 and international relations. Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, 0:00:23.600 --> 0:00:27.360 Bloomberg dot Com, and of course, on the Bloomberg Right Now. 0:00:27.560 --> 0:00:31.360 On the virus, A definitive conversation on COVID with Deborah 0:00:31.360 --> 0:00:34.960 Fuller of the University of Washington School of Medicine and 0:00:35.040 --> 0:00:38.320 Microbiology Professor. I can't say enough about the esteem of 0:00:38.360 --> 0:00:41.559 their program, Dr Fuller, I want to go to the 0:00:41.640 --> 0:00:44.720 idea that we were all afraid of measles and maybe 0:00:44.720 --> 0:00:48.640 EXCEENNI vaxers were less afraid of measles now and there's 0:00:48.680 --> 0:00:52.200 different variants of measles D four B to whatever those 0:00:52.280 --> 0:00:55.920 numbers are. Are the variants of this virus to be 0:00:56.040 --> 0:01:00.600 treated like the variants of other things we've contained, or 0:01:00.720 --> 0:01:05.840 the variance here different. The variance here could be could 0:01:05.880 --> 0:01:09.360 be quite different. And that's just because we have increasing 0:01:09.400 --> 0:01:12.839 evidence that some of these new stars COPE two variants 0:01:12.880 --> 0:01:17.120 are not only gaining an ability to transmit more efficiently, 0:01:17.319 --> 0:01:22.160 but developing mutations that could potentially evade uh antibody I 0:01:22.240 --> 0:01:29.119 mean responses, and that would potentially suggest that our current vaccines, Uh, 0:01:29.520 --> 0:01:32.160 it might, it might impact our the efficacy of our 0:01:32.160 --> 0:01:35.959 current vaccines. Now, our vaccines are very high efficacy, much 0:01:36.040 --> 0:01:41.360 higher than so we're not talking about complete loss of 0:01:41.520 --> 0:01:43.760 protection by the vaccines. We're talking about a bit of 0:01:43.800 --> 0:01:49.040 a decline that's say maybe, and that's still a very 0:01:49.160 --> 0:01:52.920 very effective vaccine. But it's something that as vaccinologists we 0:01:53.000 --> 0:01:55.680 keep an eye on because gets to a certain threshold, 0:01:56.000 --> 0:01:57.360 we may get to a point where we have to 0:01:57.440 --> 0:01:59.880 update those vaccines. With Dr Fullers, some people would put 0:01:59.880 --> 0:02:02.560 this as a race, basically a race to get enough 0:02:02.600 --> 0:02:06.600 people vaccinated before the virus mutates enough to set you 0:02:06.640 --> 0:02:09.880 back further and cause an increased circulation of the virus. 0:02:09.880 --> 0:02:13.600 How are we doing in that race? Yeah, it truly 0:02:13.760 --> 0:02:18.280 is a race between viral evolution and vaccination rate. The 0:02:18.600 --> 0:02:22.680 goal is to reach herd immunity. We are currently estimating 0:02:22.800 --> 0:02:26.840 about of the population immune to be able to shut 0:02:26.840 --> 0:02:30.320 down this pandemic. But herd immunity depends on two things, 0:02:30.320 --> 0:02:34.320 and one is how transmissible is the virus and how 0:02:34.320 --> 0:02:37.359 efficacious is your vaccine. So as the virus mutates, and 0:02:37.400 --> 0:02:41.080 we talked about that that it commutate to increase transmission 0:02:41.120 --> 0:02:46.360 and potentially reduce vaccine efficacy. That raises the bar in 0:02:46.480 --> 0:02:48.680 terms of how many people we have to vaccinate. So 0:02:48.680 --> 0:02:52.760 it's like this the cycle that pushes our goal posts 0:02:52.880 --> 0:02:55.639 further down the line, So it truly is a race 0:02:55.760 --> 0:02:58.520 and dr piller. Perhaps this is sort of an underappreciated 0:02:58.600 --> 0:03:02.679 aspect of this pandemic. People expecting recovery and yet not 0:03:02.840 --> 0:03:05.959 necessarily understanding how much this new strain of virus that 0:03:06.120 --> 0:03:10.480 is more transmissible, possibly potentially according to some reports, more virulent, 0:03:11.000 --> 0:03:13.680 how much that has accelerated the spread of the pandemic. 0:03:13.720 --> 0:03:16.440 How much has that set us back in terms of 0:03:16.600 --> 0:03:19.680 a need to vaccinate more people, Otherwise we're gonna be 0:03:19.680 --> 0:03:23.440 dealing with lockdowns and other types of social distancing measures instead. 0:03:24.600 --> 0:03:27.000 I think I think we started here hearing early on 0:03:27.040 --> 0:03:29.520 when we started talking about her community, we're thinking sixty 0:03:29.600 --> 0:03:34.280 six and now what we're hearing is and that could 0:03:34.320 --> 0:03:37.480 even go go higher. And of course that's a huge 0:03:37.560 --> 0:03:41.119 difference in terms of the numbers of people that will 0:03:41.200 --> 0:03:43.880 need to receive the vaccine to get to that point. 0:03:43.960 --> 0:03:47.200 And the more people you have to vaccinate, the longer 0:03:47.280 --> 0:03:49.480 is going to take to get there. Should we assume 0:03:49.520 --> 0:03:53.360 we will see a traditional vaccine work with some challenges today? 0:03:53.760 --> 0:03:56.200 All the way J and J other experts like you 0:03:56.360 --> 0:04:00.520 Dr Fuller talking about the efficacy of a more traditional vaccine, 0:04:00.560 --> 0:04:06.720 do we need that in terms of more traditional vaccines like, uh, 0:04:06.920 --> 0:04:09.560 like you mean, like the kinds that we had before 0:04:09.560 --> 0:04:14.240 the RNA vaccines. Yeah, so, so the j J one 0:04:14.240 --> 0:04:16.800 that's coming out, I would not categorize that as traditional. 0:04:16.839 --> 0:04:19.520 That's actually kind of new as well. Is just using 0:04:19.560 --> 0:04:23.200 a different way to deliver a genetic material into ourselves 0:04:23.240 --> 0:04:25.799 so that we can produce the vaccines. So it's actually, 0:04:25.839 --> 0:04:29.560 in some respects quite similar to the URNA vaccines. And 0:04:29.680 --> 0:04:32.760 the vantage of both of these types of vaccines is 0:04:32.800 --> 0:04:36.279 that should the virus undergo uh an evolution where it 0:04:36.480 --> 0:04:39.120 is starting to reduce their efficacy, they are what we 0:04:39.200 --> 0:04:42.400 call plug and play vaccines are very very quick to update. 0:04:42.480 --> 0:04:45.480 You just have to swap out the genetic material and 0:04:45.560 --> 0:04:47.880 the way you go to producing them. In the past, 0:04:47.880 --> 0:04:50.920 our traditional vaccines would take somewhere between eight to nine 0:04:51.000 --> 0:04:53.440 months to update. These ones, They're going to be weeks, 0:04:53.920 --> 0:04:56.520 uh maybe a month to start to get back out again. 0:04:56.600 --> 0:04:59.000 So this is that's good news for us that these 0:04:59.040 --> 0:05:01.320 are the types of X means that can that can 0:05:01.400 --> 0:05:03.920 chase that viral evolution much quicker. To just to wrap 0:05:03.960 --> 0:05:05.719 things up, could we just get your assessment of the 0:05:05.760 --> 0:05:09.599 administration's goal to vaccinate one million Americans per day for 0:05:10.240 --> 0:05:13.279 a hundred days. We're already around those levels and have 0:05:13.360 --> 0:05:15.719 been now for about a week or so. I wander 0:05:15.800 --> 0:05:18.560 from your perspective, doctor, whether the goal itself is just 0:05:18.600 --> 0:05:21.159 not bold enough or whether there will be supply issues 0:05:21.200 --> 0:05:22.640 down the road that we need to address at the 0:05:22.680 --> 0:05:28.440 moment that actually make that one million rate quite optimistic. Right. Well, 0:05:28.520 --> 0:05:31.200 it it sounds impressive, but but it may not be enough. 0:05:31.279 --> 0:05:34.440 I think it's a good start, uh, to get to. 0:05:34.560 --> 0:05:36.560 But if we want to get to a goal where 0:05:36.680 --> 0:05:39.160 we keep talking about wanting to sort of be mass 0:05:39.240 --> 0:05:42.680 free by labor Day or something, uh, we're probably going 0:05:42.720 --> 0:05:45.719 to need to start there and then quickly accelerate maybe 0:05:45.800 --> 0:05:48.400 double or even triple that rate to get to there. 0:05:48.440 --> 0:05:51.159 But I think once some mechanisms are in place to 0:05:51.160 --> 0:05:55.120 to achieve that consistently a million doses a day, then 0:05:55.200 --> 0:05:57.719 that that's the kind of thing they could leverage to 0:05:58.160 --> 0:06:01.760 continue to increase the rate and double and even triple 0:06:01.839 --> 0:06:04.200 that just quickly. Do you have a place holder on 0:06:04.240 --> 0:06:06.960 the calendar. It's the remarker out there for you that 0:06:07.000 --> 0:06:09.359 you're thinking about when things not to get pet that 0:06:09.440 --> 0:06:13.200 restriction start to be removed again. Well, I always keep 0:06:13.200 --> 0:06:15.400 telling people that I'd love to have a mass free 0:06:15.480 --> 0:06:17.920 day by Labor Day. But you know, and and it 0:06:18.040 --> 0:06:20.800 goes from the perspective of you know, I've runed the 0:06:20.880 --> 0:06:23.240 lab of twenty people, many of them are young parents 0:06:23.240 --> 0:06:25.440 who are eager to see those kids go back to 0:06:25.480 --> 0:06:28.520 school in the fall and get things back to normal. 0:06:28.839 --> 0:06:32.440 Don't appreciate time come back, saying Dr of the University 0:06:32.440 --> 0:06:38.640 of Washington School of Medicine television. This John mentioned China. 0:06:38.680 --> 0:06:41.960 As we heard President at the Davos Agenda. We now 0:06:41.960 --> 0:06:45.400 speak to truly an authority on this. George Magnus is 0:06:45.440 --> 0:06:48.880 at Oxford University's China Center. We're thrilled he could join 0:06:49.000 --> 0:06:55.160 us after his wonderful, hugely, hugely readable effort red Flags. 0:06:55.360 --> 0:06:57.599 George Magnus, thrilled to have you on this day where 0:06:57.640 --> 0:07:01.080 the leader of China speaks. What did not say? He's 0:07:01.200 --> 0:07:06.080 very good, it's saying the appropriate things what did he 0:07:06.200 --> 0:07:12.440 not speak of? Well, I only heard kind of brief 0:07:12.440 --> 0:07:16.440 snippets of his address. I mean what he what he 0:07:16.520 --> 0:07:19.280 didn't say actually, of course other things that you would 0:07:19.280 --> 0:07:23.600 never expect him to say, which, of course are you know, 0:07:23.640 --> 0:07:28.160 the nuances about China's economic recovery. I mean, he he 0:07:28.240 --> 0:07:30.800 does talk about, you know, we mustn't have a cold 0:07:30.800 --> 0:07:34.280 war mentality, which he didn't say he was partially responsible 0:07:34.400 --> 0:07:38.440 for injecting into the global system. He did say that 0:07:38.520 --> 0:07:42.760 decoupling leads to division, which is obviously appointed remark of 0:07:42.800 --> 0:07:46.040 the United States, not saying that actually China has been 0:07:46.040 --> 0:07:50.120 doing selective decoupling for years. Um. And he did say 0:07:50.160 --> 0:07:54.200 that openness and inclusiveness are really important, which is something 0:07:54.240 --> 0:07:57.640 that he didn't say China doesn't really practice. So um, 0:07:57.680 --> 0:07:59.640 you know, there's a there's a lot of the things 0:07:59.720 --> 0:08:02.040 that he said that are the opposite of actually what 0:08:02.240 --> 0:08:05.240 actually takes place in the country in the country. And George, 0:08:05.240 --> 0:08:06.800 this is the big question, isn't it. What can the 0:08:06.800 --> 0:08:09.880 incoming administration do to actually change the behavior of China. 0:08:09.920 --> 0:08:11.960 Getting them to say the right things on the international 0:08:12.000 --> 0:08:15.040 stage of the world with economic forum, that's one thing. 0:08:15.080 --> 0:08:17.920 Getting them to act differently is another. Do you expect 0:08:17.920 --> 0:08:20.440 a change in approach from the new administration in the 0:08:20.520 --> 0:08:25.160 United States? I expect a change of tone, you know, 0:08:25.360 --> 0:08:28.920 but not really a change of substance. And I think 0:08:29.000 --> 0:08:32.800 the uh, you know, the and we've seen enough and 0:08:32.920 --> 0:08:35.800 heard enough already, even though it's only like a week old, 0:08:36.520 --> 0:08:40.080 not even the administration of the appointees who are in 0:08:40.160 --> 0:08:45.760 key positions, M and I don't really hear or or 0:08:45.920 --> 0:08:50.920 sense any marked change of direction. So I think it 0:08:50.960 --> 0:08:55.840 would be unusual, given what we know about the individuals concerned, 0:08:55.880 --> 0:08:59.400 if there wasn't a change of tone. And certainly strengthening 0:08:59.440 --> 0:09:03.560 alliance is whether that's with Europe or with the Quad, 0:09:03.679 --> 0:09:11.280 so Australia, Japan and India, U much stronger overtures towards 0:09:11.360 --> 0:09:14.480 Indo Pacific countries. I mean, these kinds of things I 0:09:14.520 --> 0:09:17.480 think will be forthcoming. And I think that is something 0:09:17.520 --> 0:09:21.319 which the Chinese actually we're probably fearful of and why 0:09:21.360 --> 0:09:24.360 they probably didn't want him elected. But I think that's 0:09:24.360 --> 0:09:26.880 that's where I think sort of the rubber is going 0:09:26.920 --> 0:09:29.920 to meet the road proverbially, is sort of a more 0:09:30.160 --> 0:09:34.280 united kind of front amongst countries to confront China on 0:09:34.440 --> 0:09:37.640 very very important issues, but not necessarily on tariffs, which 0:09:37.720 --> 0:09:42.200 were never really going to be going to change anything. Meanwhile, 0:09:42.520 --> 0:09:45.559 financial markets have been voting between the US and China 0:09:45.600 --> 0:09:47.440 and opting for China. There was data out of the 0:09:47.520 --> 0:09:50.400 UN saying that China overtook the United States for the 0:09:50.440 --> 0:09:53.760 first time as the world's top destination for new foreign 0:09:54.000 --> 0:09:57.840 direct investments this past year, and this has been ongoing 0:09:57.880 --> 0:10:00.640 with a huge shift of financial firms ring to expand 0:10:00.640 --> 0:10:03.360 in China despite some of these ongoing tensions between the US, 0:10:03.840 --> 0:10:07.160 UH and China. Do you think that this money is 0:10:07.320 --> 0:10:09.880 well founded in terms of its bed on the Chinese 0:10:09.880 --> 0:10:13.199 economy going forward, based on its pre eminence in how 0:10:13.240 --> 0:10:16.720 it has recovered from the pandemic versus say the US 0:10:16.840 --> 0:10:19.720 and Europe, well at least, so, you know, it's like 0:10:19.840 --> 0:10:22.520 so many things, it is, there's so much nuanced involved. 0:10:22.559 --> 0:10:24.760 I mean, I'm not saying that every company that puts 0:10:24.840 --> 0:10:26.679 money to work in China is you know, it is 0:10:26.760 --> 0:10:28.880 kind of throwing it down the drain. But actually we 0:10:28.960 --> 0:10:31.520 also have to recognize, you know, there's a lot of 0:10:31.559 --> 0:10:34.760 self serving money that's going into China and justifying it 0:10:34.800 --> 0:10:37.840 on the basis of being there for that reason. But 0:10:37.960 --> 0:10:42.040 I think that, you know, the the the essence of 0:10:42.400 --> 0:10:44.520 the kind of the the the u N report or 0:10:44.559 --> 0:10:47.200 the untapped report you referred to. I mean it's not 0:10:47.559 --> 0:10:50.040 you know. I mean, the world is basically kind of 0:10:50.080 --> 0:10:53.760 imploded because of the pandemic foreign direct investment ground to hold. 0:10:53.960 --> 0:10:59.120 China managed to to its credit, to with Drawconian measures 0:10:59.120 --> 0:11:04.480 to suppress COVID and allow its economy to come back. Um, 0:11:04.480 --> 0:11:07.120 you know reasonably well during the last part of two 0:11:07.120 --> 0:11:10.840 thousand and twenty um and uh, and the FDI flow 0:11:10.920 --> 0:11:13.360 is going into China went up by four percenter. You're 0:11:13.360 --> 0:11:16.960 not talking about a huge kind of amount, But yeah, 0:11:17.000 --> 0:11:19.160 I mean you know that. I mean, I do think 0:11:19.200 --> 0:11:21.720 credit where credits due. I mean, they've they've certainly managed 0:11:21.760 --> 0:11:24.800 to achieve and accomplish something with their economy which the 0:11:24.800 --> 0:11:27.680 rest of us obviously are looking at slightly green and 0:11:27.720 --> 0:11:30.680 TINGI with envy. But you know, in the fullness of time, 0:11:30.720 --> 0:11:33.240 when imagine when we get on top of our own 0:11:33.600 --> 0:11:36.480 pending problems, so I think they catch up, will become 0:11:36.520 --> 0:11:39.200 quite apparent. George Wrights catch up, So please come back soon. 0:11:39.440 --> 0:11:41.600 So much to talk about. Author of Red Flags, George 0:11:41.640 --> 0:11:49.880 Magnus Oxford University, China Center Research Associate. And this day, 0:11:49.960 --> 0:11:53.960 after all of the inauguration begin our political coverage forward 0:11:54.000 --> 0:11:58.400 for President Biden and for our legislative branch. Brian Style 0:11:58.480 --> 0:12:01.000 joins us now first out of the lock with the 0:12:01.080 --> 0:12:05.959 fascinating first District of Wisconsin. This is less aspens Old District. 0:12:05.960 --> 0:12:09.040 And then onto Paul Ryan, who Congress Style worked for 0:12:09.160 --> 0:12:12.240 and he now holds court from Jamesville in the very 0:12:12.280 --> 0:12:15.480 far west of the district over to the Lake and 0:12:15.520 --> 0:12:18.640 of course over to Kenosha as well. Brian, it is 0:12:18.760 --> 0:12:23.000 such an interesting district and really is the polarity of 0:12:23.040 --> 0:12:26.480 America from Jamesville to Kenosha. How are you going to 0:12:26.640 --> 0:12:31.120 straddle that polarity forward? Southeast Wisconsin is a great place 0:12:31.160 --> 0:12:33.800 to live and work. It's about hard working families getting 0:12:33.800 --> 0:12:36.240 the job done. What we need to do is actually 0:12:36.240 --> 0:12:39.200 address the policies that are impacting people in Wisconsin are 0:12:39.200 --> 0:12:41.640 across the country. We gotta work to get people back 0:12:41.640 --> 0:12:44.840 to work, to keep America healthy, to defeat COVID, and 0:12:44.840 --> 0:12:47.400 to keep our communities and our country safe. If we're 0:12:47.440 --> 0:12:51.240 focused in on the policies that matter to workers and 0:12:51.280 --> 0:12:54.240 families in Southeast Wisconsin, those are the values that matter 0:12:54.320 --> 0:12:56.920 to everyone across the United States. We're gonna be able 0:12:56.960 --> 0:12:59.360 to come together to move the ball forward on behalf 0:12:59.360 --> 0:13:03.120 of the American run claim working for President Biden made 0:13:03.200 --> 0:13:07.959 clear he needs bipartisan to succeed. How can you break 0:13:08.000 --> 0:13:11.000 bread with President Biden? How can you break bread with 0:13:11.080 --> 0:13:14.920 Speaker Pelosi? I think there's areas where we can come together. 0:13:15.000 --> 0:13:18.280 We can come together to ultimately defeat this virus, making 0:13:18.280 --> 0:13:20.520 sure that we have the resources on the front lines 0:13:20.600 --> 0:13:23.959 for our nurses and our doctors, vaccine, development of vaccine rollout. 0:13:24.240 --> 0:13:27.040 We can come together, I think on infrastructure. But at 0:13:27.040 --> 0:13:29.760 the same time, that means Congress has to get to work. 0:13:29.800 --> 0:13:32.880 Where we've seen on day one Joe Biden making pretty 0:13:32.920 --> 0:13:36.360 extreme executive decisions that I think are against the interests 0:13:36.360 --> 0:13:38.320 of the American people. We're gonna have to push back 0:13:38.320 --> 0:13:40.720 against that. But I think we can come together to 0:13:40.760 --> 0:13:43.239 work on some of the most pressing issues, in particular 0:13:43.559 --> 0:13:47.319 getting workers back to work. Can you get behind a 0:13:47.360 --> 0:13:50.959 one point nine trillion dollar packet for COVID relief? What 0:13:51.000 --> 0:13:53.520 we've seen is a lot of money going in and 0:13:53.559 --> 0:13:56.360 providing liquidity into the market. What we need to do 0:13:56.440 --> 0:14:00.000 now is begin to target that relief to those individual 0:14:00.040 --> 0:14:02.600 rules who have been impacted through no fault of their own. 0:14:02.679 --> 0:14:05.360 These broad brush strokes of relief, I think I have 0:14:05.400 --> 0:14:08.800 a risk of overheating and putting us further into debt 0:14:09.120 --> 0:14:12.400 and in particular not being good stewards of taxpayer dollars. 0:14:12.400 --> 0:14:15.000 I'd like to see us target that relief to those 0:14:15.000 --> 0:14:18.400 people who have been negatively impact Think about people working 0:14:18.400 --> 0:14:21.360 maybe in the service industry, your your cooks, or your 0:14:21.760 --> 0:14:24.600 your frontline folks. That's where we need to target the 0:14:24.640 --> 0:14:27.080 relief rather than these broad brush strokes, which are just 0:14:27.120 --> 0:14:30.800 not a good use of taxpayer dollars in some instances. 0:14:30.920 --> 0:14:32.680 So if that's where the money goes, would you be 0:14:32.680 --> 0:14:35.000 behind the one point nine trillion. I mean, if you 0:14:35.000 --> 0:14:36.920 look at the liquidit in the markets that was provided 0:14:36.920 --> 0:14:39.360 by the Central Bank, this COVID relief package would do 0:14:39.400 --> 0:14:42.400 something else. I think what we would be seeing is 0:14:42.440 --> 0:14:45.360 some of this is not good use of taxpayer dollars 0:14:45.400 --> 0:14:47.640 in the initial proposal. We're gonna have to see what's 0:14:47.640 --> 0:14:50.160 actually written on paper. Some of these top line numbers 0:14:50.640 --> 0:14:53.760 are being floated around on Capitol Hill. What I'd like 0:14:53.840 --> 0:14:57.000 to see is us narrowly tailor this to those people 0:14:57.040 --> 0:14:59.960 that have been impacted, rather than these big broad brush 0:15:00.000 --> 0:15:02.600 strokes where they're going to try to implement all sorts 0:15:02.600 --> 0:15:06.440 of policy objectives unrelated to COVID or unrelated to getting 0:15:06.440 --> 0:15:10.320 folks back to work. Okay, I ninety four moving north 0:15:10.440 --> 0:15:12.920 up to lake. It's part of your headache as well. 0:15:12.960 --> 0:15:16.000 If we have stimulus, and congressmen, you we're gonna have 0:15:16.040 --> 0:15:19.280 to have a bridge to nowhere infrastructure project. How do 0:15:19.400 --> 0:15:26.200 you envision infrastructure as a conservative guy? One easy opportunity 0:15:26.240 --> 0:15:29.840 there is, let's push forward with private sector infrastructure investment. 0:15:30.120 --> 0:15:32.440 This is where I was so frustrated by Joe Biden's 0:15:32.480 --> 0:15:35.680 decision on day one to kill the Keystone pipeline. That 0:15:35.760 --> 0:15:40.240 was billions of dollars of private sector infrastructure investment, thousands 0:15:40.280 --> 0:15:44.400 of jobs, hundreds of those jobs from southeast Wisconsin. Those 0:15:44.400 --> 0:15:46.000 are the types of jobs that we should be able 0:15:46.040 --> 0:15:49.760 to rally around. Private infrastructure investment would be critical, and 0:15:49.800 --> 0:15:52.320 I was disappointed to see Joe Biden kill the Keystone 0:15:52.320 --> 0:15:55.320 Pipeline on day one of his administration. Fine, but we're 0:15:55.440 --> 0:15:59.440 looking forward? Is the common ground on infrastructure? I have 0:15:59.640 --> 0:16:04.280 a aged watching nothing essentially nothing get done in Washington. 0:16:04.720 --> 0:16:09.120 How do Republicans provide bipartisan leadership to get to a 0:16:09.240 --> 0:16:15.640 second stimulus bill that builds bridges, fixes airports, etcetera. I 0:16:15.680 --> 0:16:17.840 think the big conversation is what is the pay for? 0:16:18.000 --> 0:16:20.320 How are we actually going to come together the side 0:16:20.320 --> 0:16:23.400 of the ledger of we need to build infrastructure. I 0:16:23.440 --> 0:16:27.600 think that is a broadfair, bipartisan analysis. I think the conversation, 0:16:27.640 --> 0:16:30.000 the adult conversation in the room, is going to be 0:16:30.040 --> 0:16:31.480 how are we going to pay for this? Is it 0:16:31.840 --> 0:16:35.000 a look towards raising everyone's taxes? Are we gonna find 0:16:35.080 --> 0:16:38.720 areas where we can provide efficiency and cut spending? Elsewhere? 0:16:38.720 --> 0:16:41.520 Can we use user fees? That's the adult conversation we 0:16:41.560 --> 0:16:42.920 have to have in the room. I think there is 0:16:42.960 --> 0:16:45.320 consensus on the side of the ledger of we need 0:16:45.360 --> 0:16:48.040 to invest in infrastructure. I'd like to see a conversation 0:16:48.280 --> 0:16:51.800 about how we can be thoughtful, productive stewards of taxpayer dollars, 0:16:51.960 --> 0:16:55.680 but also moving forward with that infrastructure investment. A congressman, 0:16:55.800 --> 0:16:58.000 I've got to ask, and I know you're crushed. We 0:16:58.040 --> 0:17:02.240 were frankly looking for your entreur to cancel you today. 0:17:02.400 --> 0:17:07.280 The Green Bay Packers kicked a field goal. Congressman, help 0:17:07.400 --> 0:17:11.840 me here, Paul Ryan, never want to let that happen. Bad, 0:17:11.920 --> 0:17:14.639 bad decision. You gotta go for the touchdown when you 0:17:14.680 --> 0:17:17.639 have one of the best red zone offenses in the 0:17:17.720 --> 0:17:20.520 league with two minutes left. That's a decision that's gonna 0:17:20.560 --> 0:17:23.040 haunt us until next season, for sure. I mean, this 0:17:23.080 --> 0:17:27.480 is the Democrats fault, isn't it's we got somebody to 0:17:27.520 --> 0:17:30.760 blame for that. That's a bad that's a bad football 0:17:30.800 --> 0:17:35.040 talk for I know, I know, Congressman. I know you 0:17:35.280 --> 0:17:39.359 condemned the mob that you know insurged on Capitol Hill 0:17:39.400 --> 0:17:43.560 on January six, but you also voted against impeaching Donald Trump. 0:17:43.640 --> 0:17:47.280 Does Donald Trump still have a place in the Republican Party. 0:17:48.200 --> 0:17:50.360 I think we need to hold the criminals they came 0:17:50.440 --> 0:17:52.760 into the Capitol accountable. We always need to hold people 0:17:52.760 --> 0:17:56.159 accountable for their actions. I'm a big tent Republican. I 0:17:56.160 --> 0:17:58.640 think there's plenty of room for lots of folks about 0:17:58.680 --> 0:18:01.040 how we're going to move the all forward. I don't 0:18:01.080 --> 0:18:04.199 think I'm teaching the president as productive. I voted against it. 0:18:04.520 --> 0:18:06.680 I think the Senate should pass it aside and get 0:18:06.720 --> 0:18:08.800 on with the work of the American people. The American 0:18:08.840 --> 0:18:11.480 people want to get folks back to work, They want 0:18:11.480 --> 0:18:14.480 to get America healthy. We need to keep our community safe. 0:18:14.680 --> 0:18:17.040 Let's put partisan politics aside and get on with the 0:18:17.080 --> 0:18:20.000 work of the American people. Right. But so, where do 0:18:20.000 --> 0:18:22.760 you see Donald Trump fitting in the Republican Party. I 0:18:23.119 --> 0:18:26.800 think he's a terrific voice about cutting taxes, about lowering 0:18:26.840 --> 0:18:30.000 the regulatory burdens. I think he should be a continuing 0:18:30.080 --> 0:18:34.000 voice to advance us on good, solid conservative policies going forward. 0:18:34.240 --> 0:18:36.439 The bigger the tent. We need more people on the 0:18:36.440 --> 0:18:39.600 Republican side, more people in the conservative movement to move 0:18:39.640 --> 0:18:43.359 our country forward, not less. You've got some demographic challenges there. 0:18:43.880 --> 0:18:46.560 We'll come back to you, Congressman next time. Green Bay 0:18:46.600 --> 0:18:50.680 explains what the hell happened there? That was absolutely extraordinary. 0:18:50.720 --> 0:18:53.600 He is from the first district of Wisconsin, is far 0:18:53.640 --> 0:18:56.720 away from Green Bays. You can get this morning, Congress 0:18:56.760 --> 0:19:03.159 and Style, thank you so much. Right now, as we 0:19:03.240 --> 0:19:07.040 spoke to Mr Style of Wisconsin an hour ago, we 0:19:07.119 --> 0:19:11.600 speak with Mr Evans of Philadelphia and Pennsylvania. His district 0:19:11.760 --> 0:19:16.040 is important, it is hugely democratic in guidance, and he 0:19:16.280 --> 0:19:19.320 is the leader of the third district of Pennsylvania were 0:19:19.320 --> 0:19:22.439 throwed the Congressman Evans could join us. UH this morning, 0:19:22.920 --> 0:19:26.640 Dwight Evans. You have a new Congress, You're in charge, 0:19:26.680 --> 0:19:30.000 You've got a president. You've got your house again, and 0:19:30.119 --> 0:19:33.920 lo and behold fifty fifty. Vice President Harris will give 0:19:33.920 --> 0:19:37.119 that important voice in the vote in the Senate. What 0:19:37.240 --> 0:19:42.840 does your team need to do to affect policy? I 0:19:42.840 --> 0:19:45.600 think person said good morning too, and I think that 0:19:46.320 --> 0:19:50.320 what we need to do is attempt to bring people 0:19:50.359 --> 0:19:54.320 together within the Congress. I think that President Biden and 0:19:54.440 --> 0:19:58.040 Vice President Harris the attempt to bring people together. The 0:19:58.160 --> 0:20:02.560 first crusted device. We must crush the virus. There's a 0:20:02.640 --> 0:20:07.360 direct connection between crushing of virus and the economy. UH 0:20:07.520 --> 0:20:11.040 coming back. You need to do both of those combinations. 0:20:11.080 --> 0:20:15.440 And I believe that President Biden Vice President has will 0:20:15.480 --> 0:20:19.320 demonstrate that type of leadership. So they will first start 0:20:19.359 --> 0:20:25.040 off with the facting distribution and in the initiative that 0:20:25.160 --> 0:20:30.040 the President has put forward is the initiative of the 0:20:30.080 --> 0:20:35.679 distribution of the vaccine, which I think is very essential 0:20:36.359 --> 0:20:38.840 in terms of dealings problems. The second part of it 0:20:38.880 --> 0:20:43.119 is dealing with the economy and dealing with the economy 0:20:43.520 --> 0:20:49.240 in terms of small businesses, investing in infrastructure like schools, 0:20:49.280 --> 0:20:54.280 reopening those types of and and the president um elect 0:20:54.400 --> 0:20:57.879 or the president as he stated, it is basically attempting 0:20:58.040 --> 0:21:03.080 to deal with both sides, UH, the Democratic Republicans, and 0:21:03.119 --> 0:21:05.080 I think that we're in a good positions over that. 0:21:05.400 --> 0:21:08.600 Chris fran surely chosen got the Black Caucus going. Charles 0:21:08.600 --> 0:21:11.280 Wrangle renamed it in the seventies. I believe it was. 0:21:11.720 --> 0:21:15.280 And you know, you now provide important leadership there. You 0:21:15.320 --> 0:21:18.800 weren't joined by Reverend Warnock of Georgia, and you're also 0:21:18.920 --> 0:21:21.119 joined by a Vice President of the United States with 0:21:21.160 --> 0:21:24.920 an historic heritage. How will the new Black Caucus look 0:21:25.280 --> 0:21:29.360 going forward? Well, I think that the new Black Caucus, 0:21:29.480 --> 0:21:32.639 UH will look where it wants to get something done, 0:21:32.920 --> 0:21:37.680 which is very essential. We know that either party cannot 0:21:37.680 --> 0:21:41.600 do it by themselves and that's the reality. So the 0:21:41.600 --> 0:21:45.160 Black Caucus was, I think will tend to bomban alliance 0:21:45.240 --> 0:21:48.520 to attack the virus and then figure out how you 0:21:48.560 --> 0:21:53.320 deal with small businesses. That's very important in terms of rebuilding, 0:21:53.400 --> 0:21:58.240 building back this economy back. That's the reality that we face. 0:21:58.840 --> 0:22:01.800 I believe that the pre than it is given the 0:22:01.880 --> 0:22:05.680 opportunity can do those things. You're not talking about somebody 0:22:05.880 --> 0:22:11.000 who is new at this UH. President Biden vice president 0:22:11.040 --> 0:22:15.360 has have the skill set when you look at historically 0:22:16.119 --> 0:22:20.720 president experience, he has shown years of experience in the 0:22:20.800 --> 0:22:24.639 Senate Vice president United States. He has what I believe 0:22:24.840 --> 0:22:28.720 that's there. You're talking about sixty members in the Congressional 0:22:28.760 --> 0:22:31.720 Black Caucus. You're talking about six members on the Ways 0:22:31.760 --> 0:22:34.240 and Means Committee. So I think when you look at it, 0:22:34.280 --> 0:22:37.160 you basically have people who have the ability to bring 0:22:37.200 --> 0:22:41.520 it together. He's given the opportunity to UH to implement 0:22:42.080 --> 0:22:45.119 division and the agenda that he has representative. There's a 0:22:45.200 --> 0:22:48.040 question about impeachment at this point and the wisdom behind 0:22:48.320 --> 0:22:52.640 going forward with the trial given the immediacy of both 0:22:52.720 --> 0:22:56.159 the vaccination rollout as well as the aid needed to 0:22:56.200 --> 0:22:57.800 get to people. Do you think that it is a 0:22:57.880 --> 0:23:01.320 mistake to move ahead so quickly with impeaching the former 0:23:01.400 --> 0:23:06.320 President Trump. I believe we can do more than one thing. 0:23:06.760 --> 0:23:10.120 I believe it's a question of accountability. The House has 0:23:10.200 --> 0:23:13.600 voted for impeachment and that has now passed those to 0:23:13.640 --> 0:23:17.600 the Senate. I believe that we can conduct vote, we 0:23:17.680 --> 0:23:22.800 can implement the agenda regarding the virus and the economy, 0:23:22.920 --> 0:23:25.240