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Speaker 1: Now from our nation's capital. This is Bloomberg Sound on.

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Speaker 1: The negotiations now are underway to finish up the appropriation

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Speaker 1: those so there's no government shutdown. Vaccine mandates are much

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Speaker 1: easier to do at the big level than at the

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Speaker 1: federal level. Bloomberg Sound on Politics, Policy and perspective from

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Speaker 1: DC's top name. We seem some damage to the credibility

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Speaker 1: on how hoorly the US did predicting that Caliban takeover

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Speaker 1: the country has moved from a weariness with COVID to

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Speaker 1: a resignation and that somehow we're going to get through it.

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Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. As

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Speaker 1: we go back to the future, with inflation now at

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Speaker 1: its highest it's the early eighties and COVID cases rising

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Speaker 1: back to the worst levels of the pandemic. What's going

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Speaker 1: on here and what does it mean for the rest

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Speaker 1: of the Biden economic agenda. We'll ask Congressman Don Bayer,

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Speaker 1: Democrat from Virginia, chairs the Joint Economic Minty and may

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Speaker 1: have introduced a bill without realizing it they could lead

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Speaker 1: to voting rights legislation. They didn't plan it that way.

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Speaker 1: But we'll talk to him. Later we'll get analysis from

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Speaker 1: Terry Haynes, founder of Pangaea Policy and the panel Bloomberg

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Speaker 1: Politics contributors Jeannie Chanzano and Rick Davis, and thanks for

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Speaker 1: joining us on Bloomberg. Sound on some scary headlines there

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Speaker 1: right here, guy like Doug Krisner telling you highest inflation

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Speaker 1: since the early eighties. Even though some worried today's consumer

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Speaker 1: price report would be worse, prices did rise at the

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Speaker 1: fastest clip in four decades. You've got your seven handle.

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Speaker 1: Everybody was talking about seven percent according to the government

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Speaker 1: this morning, putting more pressure on the Fed to act,

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Speaker 1: how'd you like to be Lele Brainer getting ready for

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Speaker 1: the testimony tomorrow, but also more pressure on the Biden

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Speaker 1: administration and the Democratic Party as a whole at the

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Speaker 1: start of a midterm election year. That's where we begin

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Speaker 1: with Congressman Don Buyer, Democrat from Virginia, chairs the Joint

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Speaker 1: Econ Committee is with us now. Congressman, welcome back to Bloomberg.

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Speaker 1: Thank you very much. It's always going to be a

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Speaker 1: Bloomber pleasure. Did today's consumer price report just make it

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Speaker 1: a lot more difficult to pursue the rest of the

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Speaker 1: Biden economic agenda. In the short run, it makes a

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Speaker 1: little more difficult. But there was a lot of good

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Speaker 1: news in the report to you know that the rate

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Speaker 1: of increase dropped from October to November and then again

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Speaker 1: from November to December. Seven weeks of guest line prices

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Speaker 1: dropping in a row. And it's still the seven percent

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Speaker 1: on employment inflation rate. Yeah, the worst has been in

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Speaker 1: a long time. The biggest two factors are new car

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Speaker 1: prices and news car prices. And I think everyone knows

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Speaker 1: that this is large. It goes the chip shortage and

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Speaker 1: that dealer lots are emptied across the country. Yeah. Well,

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Speaker 1: you know a lot about that. You've been in the

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Speaker 1: car business for decades. And if if supply chains are

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Speaker 1: the issue here a semiconductor shortage, do you see this

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Speaker 1: trend finally breaking this year. Yeah, because there are many

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Speaker 1: improvements in the supply chain that happened already. For example,

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Speaker 1: truck drivers have almost completely recovered their numbers. Warehouse workers

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Speaker 1: are almost back up to but we're emptying the ports.

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Speaker 1: It's not a permanent problem. The supply chain disruptions were

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Speaker 1: caused by the pandemic, and lots of small business decisions

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Speaker 1: affected by the pandemic, and now those business decisions are

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Speaker 1: being made differently. They're ordering, they're not depending on justin time.

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Speaker 1: It's gonna be a lot better by the spring in

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Speaker 1: the summer. Wow, Well listen. If that's the case, j

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Speaker 1: Pale is going to look like a really smart guy.

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Speaker 1: And I guess that the administration, UH to an extent,

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Speaker 1: will look like it had a better read on this.

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Speaker 1: There are concerns, as you know, Congressman, that this inflation,

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Speaker 1: despite this sort of silver linings you just mentioned in

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Speaker 1: today's report, this, you know, Hyacin's is a heck of

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Speaker 1: a headline. Seven per cent is a tough number to

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Speaker 1: have the start of a midterm election year. Yeah, and Joe,

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Speaker 1: but what I hope people understand is that over December,

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Speaker 1: when we were at the at the peak of UM

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Speaker 1: COVID deaths and COVID hospitalizations, when the vaccines hadn't really

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Speaker 1: just starting to come out the very first people were

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Speaker 1: getting them UM, so things were really depressed a year ago.

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Speaker 1: So it's not unusual to think that it's seven percent

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Speaker 1: year every year. But if we look at it, UH,

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Speaker 1: a little by little, we're finding it it's more like

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Speaker 1: three and and that's where it will be I think

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Speaker 1: in the months to come. You told us last month

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Speaker 1: you did not expect to see Build Back Better passed

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Speaker 1: by the end of last year, but you were still

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Speaker 1: optimistic about about the course here. Do you think it

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Speaker 1: will pass this year? Have conditions changed? Do we need

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Speaker 1: to see inflation pulled back a little bit for more

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Speaker 1: appetite for more spending. Well, I think inflation will abate

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Speaker 1: and that will help. But I also think that there

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Speaker 1: are many pieces of Build Back Better that have a

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Speaker 1: middle term, long term deflation ory impact. If you can

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Speaker 1: bring women back into the workforce, for example, if you

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Speaker 1: can get a lot more going in terms of productivity, UM,

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Speaker 1: those are things that that bring inflation down natural and

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Speaker 1: so we probably won't get all of the Build doc

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Speaker 1: Better we presented to the Senate, but we can get

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Speaker 1: big important pieces of it. Probably the most important piece

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Speaker 1: is UH the environment dealing with climate change, which we know. UH.

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Speaker 1: When you have Americans subject to an extreme weather event,

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Speaker 1: a climate change driven weather event that has an impact

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Speaker 1: on inflation when blows down entire neighborhoods or burns up

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Speaker 1: entire town. Um, that doesn't make things less expensive. Well,

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Speaker 1: so what are you hearing as chair of the Joint

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Speaker 1: Economic Committee. Is is the brand build back better? Is

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Speaker 1: that comprehensive construct dead? Is it time to start kind

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Speaker 1: of rebuilding? Individual pieces come back around, for instance, to

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Speaker 1: your point on climate or a standalone on paid leave

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Speaker 1: or whatever the element might be. Joe, I'm no, I'm

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Speaker 1: no expert on the messaging piece of it. I do

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Speaker 1: know that uh Paul six is the art of the possible.

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Speaker 1: If we can't get the full one point seven billion

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Speaker 1: done because Joe Manson and Kerson Cinema won't go along

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Speaker 1: with it, well let's see what they will go along with,

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Speaker 1: because I think there's very much in that bill that

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Speaker 1: both of them appreciate I would like to see in

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Speaker 1: the law. And hopefully maybe if it's smaller, we also

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Speaker 1: get some Republican votes to which we paramous play. So

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Speaker 1: the Republicans just have this whole inflation story wrong, and

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Speaker 1: and Joe Manchon for for that matter, this has been

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Speaker 1: framed as the election year issue, the biggest failure of

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Speaker 1: this White House Congressman. Yeah, I think that's what's probably

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Speaker 1: a convenient political issue. I don't think it's accurate or truthful.

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Speaker 1: Um that the supply chain distructions didn't start with Joe

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Speaker 1: Biden's president. And in fact, as we look at the

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Speaker 1: inflation everywhere in the world, all through Europe and China

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Speaker 1: and everywhere else, it's it's supply chain disruptions across the globe,

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Speaker 1: not just in the United States. And let's also remember,

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Speaker 1: you know, the next election for Congress is in November,

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Speaker 1: and of the presidency is still almost three years away.

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Speaker 1: That's a week for a long time in politics. I

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Speaker 1: want to ask you about voting rights legislation. Congressman. There

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Speaker 1: was a big move at the end of last year

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Speaker 1: to go in this direction. The White House certainly is,

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Speaker 1: along with the Democratic leadership on the Hill, and I

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Speaker 1: know there are a few different paths this could take.

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Speaker 1: One of them, though, involves a bill you sponsored, an

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Speaker 1: amendment involving NASA of all things that a lot of

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Speaker 1: people are talking about. Suddenly now could be a vehicle

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Speaker 1: to insert voting legislation, send it back to the Senate

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Speaker 1: and pass it that way. I'm sure you know a

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Speaker 1: lot more about this than I do. Is this real? Well,

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Speaker 1: I've heard the rumor to Nothing would please me more

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Speaker 1: than to have a bill I just sponsored be responsible

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Speaker 1: for saving the democracy. But I don't have any such expectations.

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Speaker 1: I know Chuck Schumer in the Senate would really like

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Speaker 1: to get um Senator Manson to agree to a voting

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Speaker 1: rights bill between now and Martin Luther King Junior's birthday

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Speaker 1: on Monday. I don't know what vehicle they'll yous or

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Speaker 1: how they'll do it. The sentence a mystery to me. Um,

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Speaker 1: But we have had some good bill to come out

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Speaker 1: of that. But this is a rumor as far as

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Speaker 1: you're concerned as well. Nobody has talked to you about this. No,

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Speaker 1: and no, it's it's just a rumor. I mean it's

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Speaker 1: a nice rumor, but um, we have nothing concrete whatsoever.

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Speaker 1: Can we get Chuck Schiller on the line right now,

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Speaker 1: like maybe we can get this done right now, to

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Speaker 1: get this done today, because that would to your point, though,

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Speaker 1: it would you would be you would be very pleased

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Speaker 1: to see that happen. Well, yeah, but but I have

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Speaker 1: no control over it at all. Um. Yeah, that the

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Speaker 1: NASA Extended Use Leasing Bill. It's a little bill that

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Speaker 1: NASA wanted it. It's a good thing to do. We

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Speaker 1: should pass regardless. Um, but I don't know what center

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Speaker 1: Humer plans in terms of how he hopes to bring

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Speaker 1: it up, or even if he does, he's got to

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Speaker 1: get Joe Manson on board first. And we know that's

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Speaker 1: not an easy list. Well, no, it isn't. With all

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Speaker 1: of that said, do you think this is the right

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Speaker 1: course to pursue voting rights legislation when there's still parts,

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Speaker 1: big parts of the economic agenda that have yet to

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Speaker 1: be complete. Yeah, I do, But because if I had

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Speaker 1: to choose between voting rights and build back better, build

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Speaker 1: back better certainly has a lot more short term economic impact,

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Speaker 1: But the voting rights stays the democracy. We want everybody, Democrat, Republican, independent, whatever,

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Speaker 1: to believe that the votes are vowed and that they're

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Speaker 1: trusted and you can trust two others counting them. And uh,

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Speaker 1: I would love just to everyone to agree that we

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Speaker 1: want everyone legitimate to vote, no one illegitimate to vote,

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Speaker 1: and that the votes we've counted properly. And that's all

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Speaker 1: we're trying to do with this bill. I'd like to

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Speaker 1: ask you about COVID. It's the wild card. It impacts

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Speaker 1: everything we're talking about here, even access to voting. As

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Speaker 1: we learned at the height of the pandemic, I just

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Speaker 1: wonder how worried you are about that wild card with

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Speaker 1: regard to inflation. We've seen issues with the labor market.

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Speaker 1: We've seen issues with schools Virginia under a state of emergency.

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Speaker 1: This is the part we can't predict. Congressman, Hey, Joe,

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Speaker 1: I'm not an epidemiologist, but the folks I follow most closely.

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Speaker 1: Dr Chris Murray at the University of Washington suggests predicts

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Speaker 1: that omicron will peak next week and then we'll decline

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Speaker 1: precipitously as it has in South Africa and Israel and others,

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Speaker 1: and then we should be pretty close to her immunity,

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Speaker 1: you know, something like of the people that have a

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Speaker 1: macron right now are asymptomatic. So yes, there will be

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Speaker 1: more variance to come. But if people have strong immune systems, um,

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Speaker 1: they won't spread. And hopefully, uh, we're moving quickly from

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Speaker 1: pandemic to endemic. It sounds like you're not worried about

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Speaker 1: it making prices even higher or shortages even worse. No,

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Speaker 1: I think it will in fact move in the opposite direction.

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Speaker 1: People will go back to work, they'll be there in person,

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Speaker 1: will be more productive that I think. I think we're

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Speaker 1: moving to a good place, so very optimistic. Abo boy,

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Speaker 1: it's nice to hear someone say that, Congressman, and we

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Speaker 1: could we could use some optimism. And I will tell

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Speaker 1: you maybe someday COVID will allow us to actually do

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Speaker 1: this in person. Wonderful Congressman Don Bayer, Democrat from Virginia,

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Speaker 1: Chair of the Joint Economic Committee, keep us boasted. If

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Speaker 1: you get a phone call on that NASA bill, and

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Speaker 1: we'd love to tie it again soon I will. I'll

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Speaker 1: tell my kids thank you. You get over the rumor.

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Speaker 1: We should note on the NASA bill that I asked

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Speaker 1: the Congressman about Bloomberg is reporting. You can learn more

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Speaker 1: about this at the terminal right now, maybe the Congressman,

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Speaker 1: we'll read this to that Majority Leader Chuck Schumer does

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Speaker 1: plan to go for it. Laura Litvin writing that the

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Speaker 1: Schumer plans to break a log jam as I read

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Speaker 1: on two voting rights bills and begin debate this week

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Speaker 1: using that mechanism. So talk about building the plane in

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Speaker 1: flight here. And despite Congressman Buyer's prediction on inflation, which

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Speaker 1: we're gonna be hearing a lot about, more, a lot

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Speaker 1: more about, I should say tomorrow. Lele Brainerd's confirmation hearing,

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Speaker 1: of course happening. You'll be hearing about prices, you'll be

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Speaker 1: hearing about the fence mandate, and you'll be hearing that

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Speaker 1: interest rate hikes are coming. There's no way around it.

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Speaker 1: Will assemble the panel next. This is Bloomberg. You're listening

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Speaker 1: to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio.

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Speaker 1: Now what a read today on the terminal. Look at

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Speaker 1: these headlines, cars, bacon, men's clothes, main drivers of inflation.

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Speaker 1: Inflation is now hitting the rich and of course the

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Speaker 1: big screamer here today. You just heard Doug say it.

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Speaker 1: US inflation rises at the fastest pace since And so

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Speaker 1: we asked, where were you and what were you listening

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Speaker 1: to the last time inflation was this high when this

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Speaker 1: song was number one. And I don't think anybody wanted

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Speaker 1: to go back to that. I could be wrong, but

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Speaker 1: the Human League, let's assemble the panel. Bloomberg Politics contributors

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Speaker 1: g d chant No and Rick Davis with us for

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Speaker 1: the hour. Genie, does this bring back some good memories

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Speaker 1: or what it does? Bring back some memories, some good

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Speaker 1: some bad shows? You know how it was? It was?

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Speaker 1: That's true. I was way too young to be getting

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Speaker 1: in trouble back then. But I do remember when that

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Speaker 1: was number one. And when you see a headline like this,

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Speaker 1: I mean, what are you supposed to do with that?

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Speaker 1: You get your seven handle, find people forecasted it, We

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Speaker 1: knew it was coming, and it still hit you that way, Genie,

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Speaker 1: when you said, wow, we are back to the future.

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Speaker 1: It does. It does hit you when it's described like

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Speaker 1: that as you know, the highest in four decades. But

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Speaker 1: I think what's incumbent on all of us is to

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Speaker 1: do what Representative Buyer just did quite frankly, which is

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Speaker 1: to try to go below and beyond the headlines. You know,

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Speaker 1: this wasn't, to your point, unexpected, and there are silver

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Speaker 1: linings in the report. So I think that is the

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Speaker 1: challenge politically that the administration and Democrats at this point face.

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Speaker 1: It's a critical problem. It's got to be addressed. They've

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Speaker 1: got to do it without doing further damage to the economy.

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Speaker 1: But they've also got to go below these headlines and

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Speaker 1: let people know we still have the fastest growing economy

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Speaker 1: in the world at this point, coming out of a

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Speaker 1: one year pandemic. That's a pretty good mark for the administration.

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Speaker 1: Rick I could have gone with the eye of the Tiger,

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Speaker 1: uh from Survivor, but I I just I went for

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Speaker 1: the I went for the most obvious pick there. I

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Speaker 1: guess when you see a headline like even if it

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Speaker 1: was forecast twenty four hours ago or this morning, people

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Speaker 1: were mentioning this, what does that mean politically when perception

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Speaker 1: is all that matters? Uh? Yeah, First of all, in politics,

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Speaker 1: perception is the only thing that always matters. So there's

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Speaker 1: nothing new there. And uh, I do think I have

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Speaker 1: the tiger would have been a much better pick. Personally,

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Speaker 1: I'm a Pointer Sisters fan in hate to give that

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Speaker 1: one away. Keep going. The reality is that this is

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Speaker 1: this is a drag on the Biden administration. You could

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Speaker 1: see it in the pulling numbers at every survey that's

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Speaker 1: been taken since August of this year has indicated a

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Speaker 1: significant problem for Biden in the way that this administration

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Speaker 1: has handled, uh, the the inflation issue. And I would

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Speaker 1: actually I was actually a little surprised that Congressman Buyer,

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Speaker 1: who is a really astute Paul and incredibly articulate, it

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Speaker 1: was kind of pooh pooh and inflation. Uh. And uh,

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Speaker 1: you know, like you've got to be careful there, because voters, Uh,

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Speaker 1: they don't really care what the real inflation cost is.

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Speaker 1: If if if those things that you described are more

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Speaker 1: expensive than they used to be, if it's going to

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Speaker 1: be harder to buy a house or more more expensive

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Speaker 1: to rent one, Uh, then then they want to know

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Speaker 1: why is that different today than it was a year ago. Well,

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Speaker 1: your it's your point to he. I mean, this is

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Speaker 1: a businessman. He knows what's going on in the car business,

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Speaker 1: where inflation and and supply chain shortages have been major issues.

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Speaker 1: He also knows what it's like to employ a lot

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Speaker 1: of people. Uh. So it is interesting, right to hear

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Speaker 1: Uh someone speaks so softly about inflation when it's surging

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Speaker 1: right now. But you know, of course we're talking to

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Speaker 1: a congressman as well. And I think complaining about it

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Speaker 1: on the air probably doesn't help it's agenda either, does it. No,

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Speaker 1: And uh, it'll be interesting to see how Democrats unify

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Speaker 1: around this issue. They need a positive message. He obviously

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Speaker 1: gave a much more positive message, and I think you

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Speaker 1: probably want to get away with in the public domain

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Speaker 1: right now. But but this is going to be what

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Speaker 1: what haunts everybody running for re election By the way,

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Speaker 1: Republicans have this problem too. They can't just point the

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Speaker 1: Democrats said, Hey, it's all they're doing. Um. Their constituents

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Speaker 1: want to know what they're doing about it. And and

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Speaker 1: noticeably a lack of any Republican alternative to what the

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Speaker 1: bidendministrations going on how to tackle inflation. Semantics matter here.

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Speaker 1: We just heard less than a half hour ago from Briandese,

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Speaker 1: who was on this program on Friday, talking about inflation.

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Speaker 1: It was the jobs report that day that brought us together.

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Speaker 1: But he was asked by a reporter about his forecast

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Speaker 1: for inflation to be pulling back to be easing in

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Speaker 1: the middle of this year. Uh. And and I'm I'm

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Speaker 1: curious to hear both of you weigh in on on

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Speaker 1: how he framed his answer. Here's Brian des of course,

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Speaker 1: one of the president's chief economic advisors. If you look

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Speaker 1: at the projections by independent forecasters, then you see moderation

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Speaker 1: over the course of twenty two and you get back

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Speaker 1: to um. You you get back to levels that are

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Speaker 1: are closer to prepan uh, pre pre pandemic normal. UM.

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Speaker 1: But but I think that you know, in the in

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Speaker 1: the in the short term, in the media term, I

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Speaker 1: think there will focus on the practical steps that we

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Speaker 1: can take, UM focus working with Congress UH, encouraging Congress

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Speaker 1: to take practical steps that would have real concrete impact

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Speaker 1: for those families. So when you're asked, what's your message

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Speaker 1: to families who can't afford to buy stuff today, Jennie,

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Speaker 1: is that an appropriate answer? I think the answer has

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Speaker 1: to be that you feel their pain. You understand what

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Speaker 1: they're going through. We all go to the grocery store.

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Speaker 1: I had to buy a car recently. It's a horrific

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Speaker 1: experience out there, both supply chain and cost. That said,

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Speaker 1: you've also got to talk about what you're doing. You know,

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Speaker 1: how can an administration fight inflation? A point A tough

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Speaker 1: fed chief. They've done that work on issues like the

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Speaker 1: supply chain, pass, build back better right, most importantly addressed

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Speaker 1: the pandemic. So there's steps they can take, and they've

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Speaker 1: got to talk about those. Rick, this is obviously for

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Speaker 1: you as we consider inflation at its highest, since you

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Speaker 1: just can't HI did all right? Rick and Jennie will

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Speaker 1: be back. This show is quickly getting to where it

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Speaker 1: needs to be. Coming up, Terry Haynes, we'll talk to us,

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Speaker 1: founder of Pangaea policy. See what kind of memories come

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Speaker 1: about in his world. I'm Joe Matthew. This is Bloomberg

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Speaker 1: broadcasting live from our nation's capital, Bloomberg to New York,

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Speaker 1: Bloomberg eleven, Frio to Boston, Bloomberg one, O six one

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Speaker 1: to San Francisco, Bloomberg nine six to the country Serious

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Speaker 1: XM Channel one nine and around the globe the Bloomberg

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Speaker 1: Business app and Bloomberg Radio dot Com. This is Bloomberg

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Speaker 1: Sound On with Joe Matthew. Democrats push ahead with voting

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Speaker 1: rights legislation in a rather creative way that may get

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Speaker 1: debate rolling in the Senate without sixty votes. We'll let

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Speaker 1: you know what Congressman Don Buyer told us about this,

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Speaker 1: because he factors into it, apparently without him even realizing it.

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Speaker 1: I love Washington. That's where we'll start next with Terry

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Speaker 1: Haines of Pangia Policy. Fascinating conversation with Don Bayer that

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Speaker 1: brings you behind the scenes of this conversation a little bit.

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Speaker 1: We find the headline on the terminal NASA bill. NASA

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Speaker 1: as in the space agency targeted for voting rights. Brandon

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Speaker 1: Lee Rights House leaders are eyeing a NASA bill as

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Speaker 1: a vehicle to push through voting rights legislation while the

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Speaker 1: Senate prepares for a showdown on debate rules and the filibuster.

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Speaker 1: Is this how this ends with a NASA amendment, they

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Speaker 1: would gut that amendment, add the voting rights legislation, sent

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Speaker 1: it back to the Senate. That's the idea. I talked

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Speaker 1: to the man who introduced that NASA amendment, not with

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Speaker 1: this in mind. Congressman Don Buyer, Democrat from Virginia, seem

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Speaker 1: to have little idea what I was talking about. Well,

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Speaker 1: I've heard the rumor to nothing. It would please me

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Speaker 1: more than to have a bill I just sponsored be

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Speaker 1: responsible for saving the democracy. But I don't have any

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Speaker 1: such expectations. I know Chuck Schumer in the Senate would

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Speaker 1: really like to get Um Senator Manson to agree to

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Speaker 1: a voting rights bill between now and Martin Luther King

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Speaker 1: Junior's birthday on Monday. I don't know what vehicle they'll

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Speaker 1: use or how they'll do it. They send It's a

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Speaker 1: mystery to me was he did he give me is

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Speaker 1: full answer on that. Let's bring in Terry Haynes, founder

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Speaker 1: of Pangia Policy. Uh, we're walking out hard Terry. It's

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Speaker 1: great to have you back. I've been looking forward to

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Speaker 1: speaking with you. And I'm sure you heard about this

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Speaker 1: as well. It made the tip sheets this morning, this

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Speaker 1: idea of gutting this NASA amendment. Send it next door,

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Speaker 1: uh and maybe prevent uh let me get get the

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Speaker 1: debate going without the sixty vote threshold. Did that sound

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Speaker 1: like a complete answer to you? And do you see

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Speaker 1: that actually happening? Uh? Happy near your Joe. I think

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Speaker 1: there's I think there's a very little chance that that

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Speaker 1: that maneuver becomes successful. I will you know, I could,

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Speaker 1: I could go I could go on with you for

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Speaker 1: you know, a long time about there's an old congressional

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Speaker 1: hand about uh how this works. But the bottom line

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Speaker 1: is they don't have the they don't have the ability,

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Speaker 1: they don't have the votes in order to change it.

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Speaker 1: I mean, after you, after you jump through all the hoops,

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Speaker 1: you still need a you still need all fifty Democrats

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Speaker 1: plus vice president in order to do something. And so

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Speaker 1: far Mansion Cinema and probably a whole bunch of other people,

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Speaker 1: uh uh silently really don't want this to happen. Uh.

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Speaker 1: You know the you know, the the fallacy here was

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Speaker 1: and I'll stop with this. I mean, the fallacy here

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Speaker 1: is that you know the party, the party's want to

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Speaker 1: vote in particular ways. Um. You know that the Senate

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Speaker 1: is not a party based organization. This is this is

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Speaker 1: one d CEOs you know, in a room. Um, and

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Speaker 1: anything that diminishes the power of any one of those

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Speaker 1: CEOs is a bad thing. Uh. Mansion and Cinema are

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Speaker 1: doing the work of for for a lot of other people,

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Speaker 1: who would I think secretly and not so secretly, uh

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Speaker 1: not like to uh not like to blow up uh

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Speaker 1: the the existing filibuster rules. And you know, and anytime

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Speaker 1: you get down a rabbit hole of arguing about rules,

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Speaker 1: I think you're you're losing. And uh um And clearly

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Speaker 1: that's I think that's where they are. Well, this sounds

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Speaker 1: like we got false hopes going here, then, Terry. I mean,

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Speaker 1: I guess I'm just really trying to get my head around,

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Speaker 1: uh the motivation here. And I haven't had anyone telling

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Speaker 1: me that I'm wrong in my my very cynical view

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Speaker 1: that that no one necessarily sees this bill passing. Read

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Speaker 1: the n double a CPS reaction to President Biden's speech

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Speaker 1: yesterday in Atlanta. This is almost like build back better

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Speaker 1: all over again. We know that Joe Manchin is not

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Speaker 1: on board, but we're gonna still keep pushing this. President

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Speaker 1: Biden's going to the hill tomorrow. Is this a motivator

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Speaker 1: in a midterm election year? Is he's trying to light

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Speaker 1: a fire under the base or do we actually think

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Speaker 1: legislation comes out of this? Well, all this is about

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Speaker 1: is this is about two things. The first thing it's

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Speaker 1: about is about making trying to make sure that the

428
00:24:00,600 --> 00:24:04,239
Speaker 1: person or the people whose fault it is not uh,

429
00:24:04,480 --> 00:24:08,240
Speaker 1: is our Biden and Schumer to the maximum extent possible. Uh.

430
00:24:08,400 --> 00:24:10,760
Speaker 1: You know that That's what a lot of this maneuvering

431
00:24:10,880 --> 00:24:13,120
Speaker 1: is about. Schumer can say, look, you know, I tried

432
00:24:13,119 --> 00:24:15,000
Speaker 1: to thread the needle every which way, and here we

433
00:24:15,040 --> 00:24:18,720
Speaker 1: are Biden. Uh, you know, the at the eleventh hour

434
00:24:18,800 --> 00:24:23,120
Speaker 1: and ut minute, Uh is you know, running around uh

435
00:24:23,280 --> 00:24:25,840
Speaker 1: telling everybody how important this is in a variety of ways.

436
00:24:25,960 --> 00:24:30,320
Speaker 1: But fundamentally, uh, you know, nothing that has happened over

437
00:24:30,359 --> 00:24:33,120
Speaker 1: the last couple of weeks has been designed to get

438
00:24:33,119 --> 00:24:36,959
Speaker 1: more votes. Certainly not the President's speech yesterday. Certainly, not

439
00:24:37,000 --> 00:24:39,680
Speaker 1: anything Schumer's doing. Uh. You know they're not moving that

440
00:24:39,800 --> 00:24:41,359
Speaker 1: you know, the bottom line is they're not moving the

441
00:24:41,400 --> 00:24:44,040
Speaker 1: needle at all. I'm a you know, I'm an old

442
00:24:44,040 --> 00:24:47,640
Speaker 1: basketball player, emphasis on old. I follow the solar plexus

443
00:24:47,960 --> 00:24:50,320
Speaker 1: because that's how you guard people. Uh, that's the only

444
00:24:50,320 --> 00:24:52,760
Speaker 1: thing that doesn't move on the player. The arms moved,

445
00:24:52,800 --> 00:24:55,600
Speaker 1: the legs move, everything flails around. But the solar plexus

446
00:24:55,720 --> 00:24:58,800
Speaker 1: here is not moving at all. And uh, and it's

447
00:24:58,800 --> 00:25:00,800
Speaker 1: probably not going to move. So I think you don't

448
00:25:01,000 --> 00:25:03,400
Speaker 1: you know, I honestly, I don't think you get anything

449
00:25:03,440 --> 00:25:05,240
Speaker 1: out of this. But at least they can say they

450
00:25:05,320 --> 00:25:08,840
Speaker 1: did something, and you know, it's a base motivating exercise, sure,

451
00:25:09,160 --> 00:25:12,720
Speaker 1: which they sorely need, because you've got a you know,

452
00:25:12,760 --> 00:25:14,800
Speaker 1: you've got a couple of poles coming out today saying,

453
00:25:15,119 --> 00:25:18,919
Speaker 1: you know, Quinnipiact, which is usually seen as being friendly

454
00:25:18,960 --> 00:25:22,959
Speaker 1: to Democrats, has has Biden on thirty five or thirty

455
00:25:22,960 --> 00:25:27,480
Speaker 1: three fifty three positive negative, and Rasmussen, generally considered to

456
00:25:27,480 --> 00:25:31,000
Speaker 1: be a more Republican, leading Paul has Biden on forty. Uh.

457
00:25:31,040 --> 00:25:34,440
Speaker 1: You know, they're they're losing in negatives across the board

458
00:25:34,440 --> 00:25:37,480
Speaker 1: on handling the economy, foreign policy, COVID, so on, and

459
00:25:37,520 --> 00:25:41,400
Speaker 1: so forth. You know, they're losing, they're losing the centrist

460
00:25:41,440 --> 00:25:44,280
Speaker 1: they need to to to govern and haven't had them

461
00:25:44,280 --> 00:25:46,960
Speaker 1: for a while. But you know this is a base

462
00:25:47,040 --> 00:25:50,760
Speaker 1: motivating strategy and you know, not designed for outreach and winning. Okay,

463
00:25:51,400 --> 00:25:54,760
Speaker 1: So Terry Haynes in our remaining moment, then after that

464
00:25:54,880 --> 00:25:59,320
Speaker 1: CPI report today, where's the solar plexus on build back Better?

465
00:25:59,720 --> 00:26:01,840
Speaker 1: Was that the nail on the coffin? Or does it

466
00:26:01,880 --> 00:26:04,439
Speaker 1: have to come back in a very different form? No,

467
00:26:04,680 --> 00:26:06,800
Speaker 1: I'm just you know, you you you've done a lot

468
00:26:06,840 --> 00:26:10,160
Speaker 1: of you know outreach here on the uh, popular music

469
00:26:10,160 --> 00:26:12,520
Speaker 1: and everything else. I'll introduce the Princess Bride. It's only

470
00:26:12,560 --> 00:26:15,960
Speaker 1: mostly dead, uh, you know that. Uh. You know, the

471
00:26:16,560 --> 00:26:19,280
Speaker 1: Democrats at the end of the day will pass pretty

472
00:26:19,359 --> 00:26:21,639
Speaker 1: much anything and put the build back better, you know,

473
00:26:22,040 --> 00:26:25,000
Speaker 1: slap the logo on it and uh and get it out.

474
00:26:25,320 --> 00:26:28,240
Speaker 1: I think that will happen, you know, but they're not listening. Eventually,

475
00:26:28,240 --> 00:26:31,720
Speaker 1: I'm like, I think that does happen. But you know

476
00:26:31,760 --> 00:26:34,120
Speaker 1: they're not listening to Mansion. They don't they're not interested

477
00:26:34,119 --> 00:26:37,000
Speaker 1: in in uh in negotiating with him, in part because

478
00:26:37,320 --> 00:26:39,760
Speaker 1: Mansion wants things like means testing, which are an athlet

479
00:26:39,840 --> 00:26:42,359
Speaker 1: at the progressive base. Uh, you know, I don't think

480
00:26:42,440 --> 00:26:45,640
Speaker 1: that happens. Uh. You know, inflation to me is from

481
00:26:46,520 --> 00:26:49,800
Speaker 1: uh two immediate impacts. I mean it doesn't make billback

482
00:26:49,840 --> 00:26:53,160
Speaker 1: better easier, certainly, but it also complicates the whole fed

483
00:26:53,520 --> 00:26:56,280
Speaker 1: business because you know, I don't think Pal's a slam dunk.

484
00:26:56,320 --> 00:27:01,600
Speaker 1: I don't think brainerd's a slimmed he he goes for

485
00:27:01,680 --> 00:27:03,720
Speaker 1: the news making line the second we're at a time,

486
00:27:03,840 --> 00:27:07,320
Speaker 1: Terry Haynes, great to speak with you, founder of Pangea Policy.

487
00:27:07,359 --> 00:27:13,879
Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg

488
00:27:14,119 --> 00:27:20,400
Speaker 1: Sound On with Joe Matthew on Bloomberg Radio. As Washington

489
00:27:20,480 --> 00:27:23,639
Speaker 1: pays respects to the late Harry Reid, today, we are

490
00:27:23,720 --> 00:27:27,520
Speaker 1: reminded this is not the same Senate that he helped

491
00:27:27,600 --> 00:27:31,280
Speaker 1: to leave. As extreme partisanship is met with a breakdown

492
00:27:31,359 --> 00:27:33,879
Speaker 1: in decorum. Look no further than the latest hearing of

493
00:27:33,960 --> 00:27:38,480
Speaker 1: the Senate Health, Education, Labor and Pensions Committee. We'll talk

494
00:27:38,560 --> 00:27:41,000
Speaker 1: about this in a minute. With the panel, Dr Anthony

495
00:27:41,040 --> 00:27:44,080
Speaker 1: Faucci called to testify, among others, about the response to COVID.

496
00:27:44,560 --> 00:27:47,080
Speaker 1: They do this a lot, and as usual, he sparred

497
00:27:47,119 --> 00:27:51,520
Speaker 1: at length with Senator Rand Paul, Republican from Kentucky. I

498
00:27:51,560 --> 00:27:54,320
Speaker 1: mean this has become a recurring event here. They are

499
00:27:54,480 --> 00:27:57,200
Speaker 1: last summer. Dr Fauci knowing that it's a crime to

500
00:27:57,320 --> 00:28:00,320
Speaker 1: lie to Congress. Do you wish to retract your statement

501
00:28:00,359 --> 00:28:02,640
Speaker 1: of May eleventh where you claimed that the ni AH

502
00:28:03,080 --> 00:28:07,520
Speaker 1: never funded gain a function research in Wuhan. Senator Paul,

503
00:28:07,760 --> 00:28:11,399
Speaker 1: I have never lied before the Congress. Just to taste,

504
00:28:11,600 --> 00:28:13,480
Speaker 1: I mean, these these have been epic. If you go

505
00:28:13,560 --> 00:28:16,760
Speaker 1: on social media, you will not have trouble finding them.

506
00:28:17,600 --> 00:28:20,840
Speaker 1: And Senator Rand Paul has become rather popular with his

507
00:28:20,880 --> 00:28:23,720
Speaker 1: supporters for this, who are not fans of Dr Fauci

508
00:28:23,880 --> 00:28:29,040
Speaker 1: and vice versa. Fast forward to yesterday. Fauci has had

509
00:28:29,160 --> 00:28:34,640
Speaker 1: enough with the accusations and insinuations from Senator Rand Paul,

510
00:28:36,359 --> 00:28:38,760
Speaker 1: and he was ready for what happens when he gets

511
00:28:38,880 --> 00:28:42,840
Speaker 1: out and accuses me of things that are completely untrue.

512
00:28:43,600 --> 00:28:46,640
Speaker 1: Is that all of a sudden, that kindles the crazies

513
00:28:46,760 --> 00:28:51,080
Speaker 1: out there and I have life, the threats upon my life,

514
00:28:52,280 --> 00:28:57,360
Speaker 1: harassment of my family and my children without seeing phone

515
00:28:57,440 --> 00:29:01,600
Speaker 1: calls because people are lying out me. Now you know,

516
00:29:01,720 --> 00:29:03,760
Speaker 1: I guess you could say well, that's the way it goes.

517
00:29:03,920 --> 00:29:09,120
Speaker 1: I can take the hit. Well, it makes a difference because,

518
00:29:09,160 --> 00:29:12,520
Speaker 1: as some of you may know, just about three or

519
00:29:12,560 --> 00:29:16,000
Speaker 1: four weeks ago, in December twenty one, a person was

520
00:29:16,120 --> 00:29:20,160
Speaker 1: arrested who was on their way from Sacramento to Washington,

521
00:29:20,320 --> 00:29:24,040
Speaker 1: d C. At a speed stop in Iowa and they

522
00:29:24,120 --> 00:29:26,920
Speaker 1: asked the police asked him where he was going, and

523
00:29:27,040 --> 00:29:31,280
Speaker 1: he was going to Washington, d C. To kill Dr Faucci.

524
00:29:31,800 --> 00:29:35,120
Speaker 1: And they found in his car in a R fifteen

525
00:29:35,720 --> 00:29:40,640
Speaker 1: and multiple magazines of ammunition. Because he thinks that maybe

526
00:29:40,760 --> 00:29:45,600
Speaker 1: I'm killing people. It's quite a moment. He went on

527
00:29:45,760 --> 00:29:49,360
Speaker 1: to hold up color copies of Rand Paul's website at

528
00:29:49,400 --> 00:29:54,080
Speaker 1: which he's fundraising on this as fire Fauci with you know,

529
00:29:54,240 --> 00:30:00,200
Speaker 1: donate fifty, donate ten, whatever year, and it's I did

530
00:30:00,240 --> 00:30:02,840
Speaker 1: a lot of questions about, well, just where's the line.

531
00:30:03,800 --> 00:30:06,640
Speaker 1: That's where we bring in Rick and Genie Bloomberg politics contributors,

532
00:30:06,680 --> 00:30:09,320
Speaker 1: Genie Chens. They know Rick Davis, Rick, you know the

533
00:30:09,400 --> 00:30:15,200
Speaker 1: Senate as well as anybody. Is there a line that

534
00:30:15,800 --> 00:30:19,560
Speaker 1: somebody testifying, uh, in front of a committee holds up

535
00:30:20,600 --> 00:30:25,360
Speaker 1: a screenshot of a senator raising funds Uh. Yes, that's

536
00:30:25,520 --> 00:30:28,760
Speaker 1: really raising the bar quite a bit. Of course, senators

537
00:30:28,880 --> 00:30:33,080
Speaker 1: raised money on the issues that they campaign on. And uh,

538
00:30:33,800 --> 00:30:35,880
Speaker 1: so I don't know, this is not a healthy thing

539
00:30:36,160 --> 00:30:39,840
Speaker 1: for the decorum of the Senate, um, Dr Fauci And

540
00:30:40,520 --> 00:30:42,680
Speaker 1: we missed your first couple of words there, Rick, forgive me.

541
00:30:42,760 --> 00:30:46,160
Speaker 1: I just in terms of of rand Paul, in terms

542
00:30:46,200 --> 00:30:48,440
Speaker 1: of the lawmaker, is is there a line in which

543
00:30:48,680 --> 00:30:51,160
Speaker 1: you know that where the chair is supposed to stop

544
00:30:51,240 --> 00:30:53,440
Speaker 1: and say, hey, okay, you're you're actually accusing him of

545
00:30:53,520 --> 00:30:55,520
Speaker 1: something that's not true or it's just this the way

546
00:30:55,920 --> 00:30:58,880
Speaker 1: business is done in Washington. Well, regardless of the truth,

547
00:30:58,960 --> 00:31:01,560
Speaker 1: are not you know, I think it's not the first

548
00:31:01,600 --> 00:31:03,920
Speaker 1: time they've had that argument in the United States Senate.

549
00:31:04,760 --> 00:31:07,520
Speaker 1: And uh John McCaine used to make a living out

550
00:31:07,560 --> 00:31:11,280
Speaker 1: of completely unbraiding witnesses who he felt relying to him.

551
00:31:11,320 --> 00:31:14,520
Speaker 1: So you know that that's great theater, Frankly, that's why

552
00:31:14,600 --> 00:31:16,280
Speaker 1: you pay your money to get in and see the show.

553
00:31:16,960 --> 00:31:20,920
Speaker 1: But the reality is that, um uh, this is nonproductive, right.

554
00:31:20,960 --> 00:31:23,120
Speaker 1: I mean, like you would think at a time when

555
00:31:23,160 --> 00:31:25,320
Speaker 1: the country is suffering through a pandemic and we're having

556
00:31:25,360 --> 00:31:29,120
Speaker 1: the rise in incidences that we have that that that

557
00:31:29,440 --> 00:31:32,120
Speaker 1: people like Rand Paul and and Fauci just take a

558
00:31:32,160 --> 00:31:35,840
Speaker 1: step back. Absolutely, there's been a lot of inappropriate things

559
00:31:35,840 --> 00:31:40,280
Speaker 1: said on half of both individuals. But uh, I do

560
00:31:40,440 --> 00:31:43,280
Speaker 1: think at this point that the chair uh and and

561
00:31:43,400 --> 00:31:46,720
Speaker 1: the leaders in both parties have a requirement to discipline

562
00:31:46,760 --> 00:31:49,600
Speaker 1: their members. And I think in this case that that

563
00:31:49,680 --> 00:31:53,320
Speaker 1: applies to President Biden calling Vouci and saying, look, you're

564
00:31:53,360 --> 00:31:55,360
Speaker 1: taking the bait. Why in the world would you get

565
00:31:55,400 --> 00:31:58,160
Speaker 1: into a shouting match with a guy who's paid to shout?

566
00:32:00,000 --> 00:32:03,040
Speaker 1: And Paul claimed that that Dr Faucci was responsible for

567
00:32:03,080 --> 00:32:05,040
Speaker 1: the death of four to five million people, which he

568
00:32:05,080 --> 00:32:09,360
Speaker 1: said was really irresponsible. Genie, uh, I'll ask you the

569
00:32:09,400 --> 00:32:12,160
Speaker 1: same thing as across the line. You know, I think

570
00:32:12,200 --> 00:32:15,960
Speaker 1: as we're sitting here, seven fifty thousand new infections a day,

571
00:32:16,080 --> 00:32:20,760
Speaker 1: hospitalizations up thirty three over last week, up in terms

572
00:32:20,800 --> 00:32:25,080
Speaker 1: of death, and if anybody has to answer questions, tough

573
00:32:25,200 --> 00:32:28,200
Speaker 1: questions about the pandemic and how it's going to be addressed,

574
00:32:28,280 --> 00:32:32,400
Speaker 1: it's Faucci. And yet he is there and being forced

575
00:32:32,440 --> 00:32:36,640
Speaker 1: to answer questions by Rand Paul in this context, it's

576
00:32:36,680 --> 00:32:40,280
Speaker 1: absolutely unacceptable. So, you know, I think there is blame

577
00:32:40,520 --> 00:32:43,640
Speaker 1: really falls on the senator at this point. This is

578
00:32:43,760 --> 00:32:46,880
Speaker 1: irresponsible for a U. S. Senator to be asking these

579
00:32:47,000 --> 00:32:50,440
Speaker 1: kinds of questions at this time. And sure Faucci doesn't

580
00:32:50,520 --> 00:32:53,480
Speaker 1: need to respond in the way he did, but you know,

581
00:32:53,680 --> 00:32:55,920
Speaker 1: this has been going on for over a year and

582
00:32:56,120 --> 00:32:58,800
Speaker 1: the fact is there have been death threats against his family.

583
00:32:58,840 --> 00:33:01,280
Speaker 1: There have been a call to violence against him and

584
00:33:01,400 --> 00:33:05,280
Speaker 1: his family. So this should be toned down. It's irresponsible,

585
00:33:05,760 --> 00:33:08,560
Speaker 1: and you know, quite frankly, Rand Paul is doing it,

586
00:33:08,600 --> 00:33:10,520
Speaker 1: and he's right to point it out for phone raising.

587
00:33:10,680 --> 00:33:13,920
Speaker 1: That's why this is being done. I don't know if

588
00:33:13,960 --> 00:33:16,480
Speaker 1: this is an appropriate question or not here, Rick, but

589
00:33:16,560 --> 00:33:19,560
Speaker 1: if you're Joe Biden, you're having trouble with the politics

590
00:33:19,600 --> 00:33:22,000
Speaker 1: of COVID. Obviously he is not going to turn around

591
00:33:22,040 --> 00:33:24,600
Speaker 1: and fire Anthony Faucci. He would look like he was

592
00:33:24,640 --> 00:33:27,040
Speaker 1: playing into a lot of politics if that happen. But

593
00:33:27,160 --> 00:33:29,560
Speaker 1: is it time for a new face to this? Keep

594
00:33:29,680 --> 00:33:32,080
Speaker 1: Dr Faucci doing what he's doing, even have him testify,

595
00:33:32,240 --> 00:33:35,160
Speaker 1: do whatever you want, but should there be some new

596
00:33:35,240 --> 00:33:37,960
Speaker 1: blood here for the sake of credibility? If half the

597
00:33:38,040 --> 00:33:40,840
Speaker 1: country or whatever thinks that Anthony Fauci is the wrong

598
00:33:40,880 --> 00:33:44,640
Speaker 1: guy in the job. Yeah, I mean, look, that's really Uh.

599
00:33:45,080 --> 00:33:47,520
Speaker 1: The president will make that call when he feels like

600
00:33:47,760 --> 00:33:50,880
Speaker 1: whatever job Faucci is doing isn't being affected or isn't,

601
00:33:51,000 --> 00:33:53,720
Speaker 1: as you describe, being embraced by the people who he

602
00:33:53,840 --> 00:33:57,360
Speaker 1: needs to influence. I mean, it's really important that, uh,

603
00:33:57,640 --> 00:34:01,040
Speaker 1: that this happens. I mean, look, Joe Biden, President Biden

604
00:34:01,680 --> 00:34:06,280
Speaker 1: invested enormously in elevating Faucci after the Trump administration, uh

605
00:34:06,840 --> 00:34:10,360
Speaker 1: marginalized him. Uh and and and and by and large,

606
00:34:10,440 --> 00:34:12,680
Speaker 1: I think you know, as the polling shows, uh that

607
00:34:13,040 --> 00:34:16,520
Speaker 1: a lot of the country supports the science and backs him.

608
00:34:17,280 --> 00:34:18,759
Speaker 1: You got to look into those polls. I mean, not

609
00:34:19,040 --> 00:34:23,200
Speaker 1: not everybody's gonna like Fauci because it's a partisan issue, right,

610
00:34:23,320 --> 00:34:26,480
Speaker 1: and so you gotta pick your friends. And and Joe

611
00:34:26,520 --> 00:34:28,359
Speaker 1: Biden's picked Faucci as a friend, and I think he's

612
00:34:28,440 --> 00:34:31,840
Speaker 1: it's paid off for him. Uh. And and look, it

613
00:34:32,000 --> 00:34:34,160
Speaker 1: really is up to people like Patty Murray, the chairman

614
00:34:34,200 --> 00:34:37,520
Speaker 1: of the committee, to instill some decorum in these kinds

615
00:34:37,560 --> 00:34:40,440
Speaker 1: of things. Politics is a blood sport. Nobody should be

616
00:34:40,840 --> 00:34:45,799
Speaker 1: squeamish over this exchange. I've seen much much worse uh,

617
00:34:46,520 --> 00:34:50,960
Speaker 1: with with with extreme consequences involved on both sides. So um,

618
00:34:51,480 --> 00:34:54,000
Speaker 1: you know, it's not the kind of thing where you

619
00:34:54,040 --> 00:34:56,719
Speaker 1: would shirk from these kinds of exchanges if you hold

620
00:34:56,760 --> 00:34:59,319
Speaker 1: a powerful position like Dr Fauci does. At least there

621
00:34:59,400 --> 00:35:03,480
Speaker 1: was no cane today on Capitol Hill. I mentioned the

622
00:35:03,640 --> 00:35:10,520
Speaker 1: late Democratic Majority leader lying in the rotunda today years

623
00:35:11,120 --> 00:35:14,200
Speaker 1: the current Majority leader church humor. We celebrate Harry Mason

624
00:35:14,280 --> 00:35:19,640
Speaker 1: Reid's final return to the capital because we must few

625
00:35:19,880 --> 00:35:23,120
Speaker 1: have shaped the workings of this building, like our dear

626
00:35:23,200 --> 00:35:26,720
Speaker 1: friend from Nevada, Genie. As we have this conversation about

627
00:35:26,800 --> 00:35:32,920
Speaker 1: decorum and partisanship in the Senate, Uh, a progressive Democrat

628
00:35:32,920 --> 00:35:35,400
Speaker 1: who shall remain nameless, said to me today, you know,

629
00:35:37,080 --> 00:35:40,040
Speaker 1: Harry Reid were still up there, all this stuff would

630
00:35:40,040 --> 00:35:42,719
Speaker 1: have gotten done by now, referring to build back better

631
00:35:43,000 --> 00:35:45,759
Speaker 1: and and the rest of the Biden agenda. I just

632
00:35:45,840 --> 00:35:48,440
Speaker 1: wonder what that means for the Democratic Party, having lost

633
00:35:49,280 --> 00:35:53,279
Speaker 1: a long time icon here who could have been more

634
00:35:53,320 --> 00:35:56,680
Speaker 1: effective potentially than the man who has the job now. Yeah,

635
00:35:56,760 --> 00:35:58,680
Speaker 1: and it was Harry Reid was the one who almost

636
00:35:58,719 --> 00:36:01,480
Speaker 1: single handedly as response psible for Chuck Schumer having that

637
00:36:01,680 --> 00:36:05,280
Speaker 1: job right now, so they were very close and remained

638
00:36:05,320 --> 00:36:08,080
Speaker 1: so till the end. You know, I would disagree slightly

639
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Speaker 1: with the unnamed Progressive Democrat that you spoke to. You know,

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Speaker 1: when Harry Reid became majority leader, he had a margin

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Speaker 1: almost as slim as they have today. But the only

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Speaker 1: reason they were able to pass some of Obama's agenda

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Speaker 1: was because between two thousand and nine two thousand and

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Speaker 1: ten they had something that has you know, not been

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Speaker 1: present for much of the modern era, which is sixty members.

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Speaker 1: So you know, he had the benefit of that. Um.

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Speaker 1: You know, I do think that Chuck Schumer has made

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Speaker 1: some mistakes, but the point that we all have to

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Speaker 1: remember is the numbers matter. If you don't have the numbers,

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Speaker 1: you simply cannot pass an f Dr Truman style huge agenda.

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Speaker 1: When you have a fifty fifty Senate, it simply can't

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Speaker 1: be done. And that's the reality of it. He started

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Speaker 1: the slippery slope on the filibuster, Rick, what's your memory

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Speaker 1: of Harry Reid? You know, Harry Reeves a fighter. I mean,

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Speaker 1: in a lot like miss mcconoughay, master of the of

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00:37:01,280 --> 00:37:04,719
Speaker 1: the Senate rules, uh, frankly, much more adroit at the

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00:37:04,920 --> 00:37:08,759
Speaker 1: exercise of power. Uh than than I think the Chuck

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00:37:08,800 --> 00:37:11,600
Speaker 1: Schumer has been able to show so far. Um. But

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Speaker 1: that being said, I mean he was he was a

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Speaker 1: raging partisan, right, I mean like he when deals got

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00:37:17,840 --> 00:37:21,319
Speaker 1: done it was because he was satisfying his interests um

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Speaker 1: and uh. But but literally he was a fighter. He's

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Speaker 1: a boxer when he was young. And and this is

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Speaker 1: the one thing he had in common with John McCain. Uh.

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00:37:29,400 --> 00:37:33,360
Speaker 1: They they both were pugilists and uh, and that was

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Speaker 1: one of their great passions together, was trying to protect

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00:37:35,880 --> 00:37:42,040
Speaker 1: the boxing industry from predators and folks who exploited boxers

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00:37:42,080 --> 00:37:45,439
Speaker 1: for their own gain. So uh, he could actually work

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Speaker 1: very well with Republicans from time to time. When you

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Speaker 1: when you had an issue that was supported by him,

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Speaker 1: he was your best friend. But when you were on

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Speaker 1: the other side, he was your worst enemy. Rick Davis on,

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Speaker 1: Harry Reeves and Genie Zeno or Bloomberg Politics contributors and

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00:38:03,400 --> 00:38:06,640
Speaker 1: our signature panel here on sound on the fastest hour

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00:38:06,719 --> 00:38:09,320
Speaker 1: in politics. It really does go by. Maybe it's my

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Speaker 1: COVID brain or something, but man, we'll see you back

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Speaker 1: here tomorrow. I'm Joe Matthew. This is Bloomberg,