1 00:00:01,639 --> 00:00:06,160 Speaker 1: Now from our nation's capital. This is Bloomberg's Sound on 2 00:00:07,080 --> 00:00:12,280 Speaker 1: People know I take classified documents class information seriously. There 3 00:00:12,360 --> 00:00:14,240 Speaker 1: is no crime. You know, there is no crime. It's 4 00:00:14,240 --> 00:00:16,880 Speaker 1: not a crime. There isn't a moral equivalency as to 5 00:00:16,960 --> 00:00:19,799 Speaker 1: how these two individuals handled them. But they were both wrong, 6 00:00:19,920 --> 00:00:22,920 Speaker 1: and Merrick Garland is now in a real vind Bloomberg 7 00:00:23,120 --> 00:00:27,320 Speaker 1: Sound on Politics, policy and perspective from DC's top name. 8 00:00:27,720 --> 00:00:29,600 Speaker 1: If you had a child and you gave him a 9 00:00:29,600 --> 00:00:32,279 Speaker 1: credit card and they kept hitting the limit, you just 10 00:00:32,440 --> 00:00:34,839 Speaker 1: increase the limit or do you change their behavior? They 11 00:00:34,880 --> 00:00:38,239 Speaker 1: have lost every showdown over shutting down the government. Believe me, 12 00:00:38,320 --> 00:00:40,840 Speaker 1: they are not going to shut down the government for sure. 13 00:00:41,200 --> 00:00:46,960 Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. President 14 00:00:47,000 --> 00:00:51,280 Speaker 1: Biden says he was surprised Republicans smell blood in the water. 15 00:00:51,400 --> 00:00:54,840 Speaker 1: Welcome to the fastest hour in politics as the administration 16 00:00:54,880 --> 00:00:59,200 Speaker 1: falls under intense criticism after classified documents were discovered and 17 00:00:59,280 --> 00:01:01,480 Speaker 1: Joe Biden's All Office will have the response from the 18 00:01:01,520 --> 00:01:06,120 Speaker 1: White House today and insights from former federal prosecutor Michael Zelden, 19 00:01:06,120 --> 00:01:09,839 Speaker 1: who served as special counsel to Robert Muller, A standoff 20 00:01:09,880 --> 00:01:12,640 Speaker 1: in the House over the debt ceiling is already starting. 21 00:01:12,680 --> 00:01:15,120 Speaker 1: We're gonna talk about the potential for a default with 22 00:01:15,200 --> 00:01:19,480 Speaker 1: Douglas Holtzecon of the American Action Forum, former chief economist 23 00:01:19,760 --> 00:01:22,839 Speaker 1: on the Council of Economic Advisors, and as the Republican 24 00:01:22,880 --> 00:01:25,800 Speaker 1: Party in Nassau County, New York calls on George Santos 25 00:01:25,840 --> 00:01:29,200 Speaker 1: to resign, the new congressman says he has no plans 26 00:01:29,240 --> 00:01:30,959 Speaker 1: to do. So we'll talk about it all with our 27 00:01:31,000 --> 00:01:35,640 Speaker 1: signature panel Bloomberg Politics contributors Rick Davis and Jennie Chanzano. 28 00:01:36,319 --> 00:01:39,679 Speaker 1: White House reaction to the discovery of classified documents in 29 00:01:39,680 --> 00:01:42,720 Speaker 1: an office that Joe Biden used here in Washington, d C. 30 00:01:42,959 --> 00:01:47,560 Speaker 1: As Vice President has been careful, we'll say, beginning with 31 00:01:47,600 --> 00:01:51,040 Speaker 1: the President himself, here's Joe Biden around this time yesterday 32 00:01:51,080 --> 00:01:54,080 Speaker 1: at the North American Leader's Summit in Mexico City. And 33 00:01:54,160 --> 00:01:56,880 Speaker 1: they did what they should have done. They immediately called 34 00:01:56,920 --> 00:02:00,480 Speaker 1: the archives, immediately called the archives, turn them over to 35 00:02:00,520 --> 00:02:04,360 Speaker 1: the archives. And I always briefed about this discovery and 36 00:02:04,440 --> 00:02:07,640 Speaker 1: surprised and learned that there are any government records that 37 00:02:07,720 --> 00:02:11,960 Speaker 1: were taken there to that office. But I don't know 38 00:02:12,080 --> 00:02:15,680 Speaker 1: what's in the documents. My lawyers have not suggest that 39 00:02:15,720 --> 00:02:20,000 Speaker 1: I asked what documents they were. Okay, but the questions 40 00:02:20,080 --> 00:02:23,520 Speaker 1: keep coming. How did they get there to begin with? 41 00:02:23,560 --> 00:02:26,240 Speaker 1: Why did it takes so long to disclose? Remember we 42 00:02:26,240 --> 00:02:28,320 Speaker 1: we learned that they were found six days before the 43 00:02:28,320 --> 00:02:33,959 Speaker 1: midterm elections? Was that closet locked? Press Secretary Korean John 44 00:02:33,960 --> 00:02:36,480 Speaker 1: Fierro went out of her way today to not answer 45 00:02:36,560 --> 00:02:39,040 Speaker 1: any of those at the White House briefing. Here's just 46 00:02:39,080 --> 00:02:42,160 Speaker 1: a sample of fur responses. This is an ongoing process 47 00:02:42,240 --> 00:02:44,440 Speaker 1: under the review of the Department of Justice, so we're 48 00:02:44,440 --> 00:02:46,480 Speaker 1: going to be limited on what we can say here. 49 00:02:46,919 --> 00:02:48,600 Speaker 1: I'm not going to get into details. I'm not going 50 00:02:48,639 --> 00:02:51,760 Speaker 1: to get beyond what the President shared yesterday. Again, this 51 00:02:51,840 --> 00:02:54,440 Speaker 1: was under review. This is under review by the Department 52 00:02:54,440 --> 00:02:57,040 Speaker 1: of Justice. I'm not going to go beyond what the president. 53 00:02:57,760 --> 00:03:00,200 Speaker 1: I have not spoken to the President about any of 54 00:03:00,280 --> 00:03:04,960 Speaker 1: this specifically, because he's laid out what he knows. What 55 00:03:05,000 --> 00:03:07,399 Speaker 1: I'll say is, this is an ongoing process. You heard 56 00:03:07,400 --> 00:03:10,119 Speaker 1: from the President. He spoke about this in detail yesterday 57 00:03:10,639 --> 00:03:13,440 Speaker 1: in front of on a world stage. I'm just not 58 00:03:13,480 --> 00:03:17,440 Speaker 1: going to go beyond what the President said. I'm not 59 00:03:17,480 --> 00:03:20,960 Speaker 1: going to go beyond I'm going to let the d 60 00:03:21,200 --> 00:03:23,920 Speaker 1: J do that, do their process. I'm just not going 61 00:03:23,960 --> 00:03:27,480 Speaker 1: to get ahead of it. Oh they tried, but it 62 00:03:27,560 --> 00:03:29,720 Speaker 1: was her job to go out there and not make news. 63 00:03:30,200 --> 00:03:33,280 Speaker 1: And I'd say she did her job today. Remembering, of course, 64 00:03:33,280 --> 00:03:36,440 Speaker 1: what President Biden said on sixty Minutes. Remember when Scott 65 00:03:36,480 --> 00:03:39,960 Speaker 1: Pelley asked him about the hundreds of classified documents that 66 00:03:40,040 --> 00:03:42,800 Speaker 1: the FBI found at Mara Lago Trump's documents. This was 67 00:03:43,120 --> 00:03:46,040 Speaker 1: back in September when this aired, when the interview happened 68 00:03:46,440 --> 00:03:49,680 Speaker 1: and the program air before the Biden documents were found. Listen, 69 00:03:49,920 --> 00:03:52,800 Speaker 1: what did you think to yourself looking at that image, 70 00:03:54,640 --> 00:03:58,960 Speaker 1: how that could possibly happen? How why anyone could be 71 00:03:59,040 --> 00:04:03,000 Speaker 1: that irresponsible? And I thought what data was in there 72 00:04:03,040 --> 00:04:06,640 Speaker 1: that may compromise sources and methods. By that, I mean 73 00:04:07,160 --> 00:04:10,400 Speaker 1: names of people who helped there, et cetera. And its 74 00:04:10,480 --> 00:04:15,840 Speaker 1: just totally irresponsible. How could anyone be that irresponsible? This is, 75 00:04:15,880 --> 00:04:18,240 Speaker 1: of course why Republicans are calling this a double standard, 76 00:04:18,839 --> 00:04:20,480 Speaker 1: pointing not only at the White House but at the 77 00:04:20,480 --> 00:04:22,680 Speaker 1: news media. And we wanted to talk about it with 78 00:04:22,720 --> 00:04:26,320 Speaker 1: Michael Zelden, the former federal prosecutor former Special counsel to 79 00:04:26,400 --> 00:04:29,279 Speaker 1: Robert Mueller at the Justice Department, the very person we 80 00:04:29,400 --> 00:04:32,920 Speaker 1: called when the Trump documents were discovered, Michael, I'm glad 81 00:04:32,920 --> 00:04:36,480 Speaker 1: you're here, Welcome back. Congressional Republicans are promising an investigation. 82 00:04:36,520 --> 00:04:39,599 Speaker 1: We know that Attorney General Merritt Garland has assigned the 83 00:04:39,680 --> 00:04:41,880 Speaker 1: U S. Attorney in Chicago or at least review what's 84 00:04:41,880 --> 00:04:45,320 Speaker 1: in these documents. Will the Special Council be assigned in 85 00:04:45,400 --> 00:04:49,000 Speaker 1: this case, Well, it depends what the facts are. At 86 00:04:49,000 --> 00:04:55,080 Speaker 1: the moment. It appears that this was an inadvertent retention 87 00:04:55,320 --> 00:04:59,560 Speaker 1: of classified documents, the contents of which were reported to 88 00:04:59,560 --> 00:05:03,080 Speaker 1: be unknow owned by the president. Once discovered, they were 89 00:05:03,160 --> 00:05:08,160 Speaker 1: immediately returned to the Archives and d o J was notified. 90 00:05:08,520 --> 00:05:11,599 Speaker 1: So on the basis of that, you wouldn't think a 91 00:05:11,680 --> 00:05:15,120 Speaker 1: special council would be required. The U s. Attorney in 92 00:05:15,200 --> 00:05:19,200 Speaker 1: Chicago to which the matter was referred is a holdover 93 00:05:19,240 --> 00:05:24,320 Speaker 1: from the Trump administration, So there's no thought there that 94 00:05:24,400 --> 00:05:29,440 Speaker 1: this US attorney will somehow be beholden to President Biden. 95 00:05:29,839 --> 00:05:32,760 Speaker 1: And so I think that at this stage it's very 96 00:05:32,760 --> 00:05:36,080 Speaker 1: premature and very political to ask for the appointment of 97 00:05:36,120 --> 00:05:39,200 Speaker 1: a special council. It is political and but but you 98 00:05:39,240 --> 00:05:41,080 Speaker 1: know that is what we're hearing, of course, and you're 99 00:05:41,080 --> 00:05:43,240 Speaker 1: you're getting a lot of I rolls from Republicans. But 100 00:05:43,279 --> 00:05:45,919 Speaker 1: Michael explained how much of this because these cases actually 101 00:05:46,920 --> 00:05:50,440 Speaker 1: have not a lot in common, realizing they both involved 102 00:05:50,440 --> 00:05:53,679 Speaker 1: classified documents, how much of this has to do with intent? 103 00:05:54,200 --> 00:05:57,919 Speaker 1: Remembering that the FBI was asking the Trump team for 104 00:05:58,120 --> 00:06:01,360 Speaker 1: months and months, made several visits to Maral Lago uh 105 00:06:01,440 --> 00:06:04,920 Speaker 1: and in fact with them under subpoena. And this this 106 00:06:05,000 --> 00:06:07,760 Speaker 1: case is clearly different in terms of intent. But how 107 00:06:07,839 --> 00:06:10,680 Speaker 1: much does that matter? It matters as a matter of 108 00:06:10,800 --> 00:06:16,719 Speaker 1: criminal prosecutability, if that's a word. So in both cases 109 00:06:17,360 --> 00:06:22,440 Speaker 1: where you have a similarity is that a president and 110 00:06:22,680 --> 00:06:27,320 Speaker 1: in that case former vice president retain documents that they 111 00:06:27,400 --> 00:06:32,000 Speaker 1: under law had no right to retain. In um the 112 00:06:32,080 --> 00:06:38,159 Speaker 1: case of Donald Trumphy investigation is did he take them intentionally? 113 00:06:38,680 --> 00:06:41,440 Speaker 1: And if so, why did he take them? And the 114 00:06:41,480 --> 00:06:45,359 Speaker 1: same question would be asked of the Biden documents. Where 115 00:06:45,680 --> 00:06:52,080 Speaker 1: intent comes in really more relates to the allegation that 116 00:06:52,160 --> 00:06:55,680 Speaker 1: Donald Trump, aware now from the National Archives that he 117 00:06:55,839 --> 00:07:01,920 Speaker 1: was in possession of documents, intentionally with held those documents 118 00:07:02,040 --> 00:07:05,960 Speaker 1: or in some way compromise those documents so as to 119 00:07:06,040 --> 00:07:10,200 Speaker 1: deny the Archives their entitlement to the documents. So it's 120 00:07:10,240 --> 00:07:15,360 Speaker 1: more the obstruction that is what's that issue for me 121 00:07:15,840 --> 00:07:19,600 Speaker 1: in the Trump case, than the retention of them in 122 00:07:19,600 --> 00:07:23,320 Speaker 1: the first place. I expect that former President Trump was 123 00:07:23,400 --> 00:07:29,040 Speaker 1: unaware at the outset of what documents were shipped tomorrow logo. Principally, 124 00:07:29,120 --> 00:07:31,880 Speaker 1: there may have been one or two that he wanted there, 125 00:07:31,920 --> 00:07:35,080 Speaker 1: like the so called love letters from but more or 126 00:07:35,160 --> 00:07:38,040 Speaker 1: less they were probably sent in the ordinary course without 127 00:07:38,080 --> 00:07:41,240 Speaker 1: his knowledge. The question in Trump's case, from a criminal 128 00:07:41,240 --> 00:07:44,640 Speaker 1: standpoint is, once made aware of them, what did he 129 00:07:44,720 --> 00:07:47,160 Speaker 1: in what was his intent? Did he intend to obstruct 130 00:07:47,760 --> 00:07:51,520 Speaker 1: their return to the government or not. In Biden's case, 131 00:07:51,520 --> 00:07:54,280 Speaker 1: there doesn't seem to be an allegation of obstruction. He 132 00:07:54,880 --> 00:07:57,560 Speaker 1: completely cooperated and turned them over. And so we'll just 133 00:07:57,640 --> 00:07:59,840 Speaker 1: have to see whether there's a technical violation of the 134 00:08:00,240 --> 00:08:03,520 Speaker 1: of the Presidential Records Act by either of these goes 135 00:08:03,680 --> 00:08:07,720 Speaker 1: these guys, and then what um sanction is appropriate for 136 00:08:07,760 --> 00:08:10,120 Speaker 1: both well. So we heard from Joe Biden last night 137 00:08:10,160 --> 00:08:13,560 Speaker 1: and we heard from the Press Secretary today reinforcing the 138 00:08:13,600 --> 00:08:17,760 Speaker 1: fact that they were immediately turned over to the National Archives. 139 00:08:19,040 --> 00:08:21,240 Speaker 1: Is that what Well, if that's true, is that what 140 00:08:21,280 --> 00:08:25,600 Speaker 1: will matter to the Justice Department in this case? Well, there, 141 00:08:25,720 --> 00:08:28,520 Speaker 1: as I said, there are two parts. One is how 142 00:08:28,520 --> 00:08:34,320 Speaker 1: did you come to have them? Presidential Records Act Um Inquiry? 143 00:08:34,400 --> 00:08:37,959 Speaker 1: And then second, once aware that you had them, what 144 00:08:38,000 --> 00:08:40,920 Speaker 1: did you do with that knowledge? In the Trump case, 145 00:08:40,960 --> 00:08:44,200 Speaker 1: the allegation is what he did was obstruct the OJ's 146 00:08:44,320 --> 00:08:46,520 Speaker 1: effort to get them back on the on behalf the 147 00:08:46,600 --> 00:08:50,439 Speaker 1: Nancial Archives. In the Biden case, once discovered, they were 148 00:08:50,480 --> 00:08:54,800 Speaker 1: immediately returned to the Archives. So there may be very 149 00:08:54,880 --> 00:08:59,920 Speaker 1: different intent at prosecutors you use and evaluate this one 150 00:09:00,040 --> 00:09:04,600 Speaker 1: isn't intend to obstruct one. There's no evidence of that obstruction. 151 00:09:04,840 --> 00:09:08,760 Speaker 1: We were reminded, Michael, when the Trump affair was a 152 00:09:08,800 --> 00:09:12,000 Speaker 1: big breaking news story that this actually happens pretty often 153 00:09:12,000 --> 00:09:15,960 Speaker 1: that we've seen the National Archives have to approach any 154 00:09:16,040 --> 00:09:20,679 Speaker 1: number of former administrations, former presidents to retrieve documents. In 155 00:09:20,720 --> 00:09:24,599 Speaker 1: some cases, however, we weren't talking about classified material. It 156 00:09:24,679 --> 00:09:27,400 Speaker 1: might have been gifts or furniture or whatever the heck 157 00:09:27,400 --> 00:09:30,400 Speaker 1: it was. Uh, if this appears to be what you 158 00:09:30,440 --> 00:09:33,000 Speaker 1: think it is? If it if it if it is 159 00:09:33,040 --> 00:09:36,040 Speaker 1: what it appears to be I should say, uh, is 160 00:09:36,080 --> 00:09:38,240 Speaker 1: that what this will kind of be remembered as as 161 00:09:38,240 --> 00:09:42,520 Speaker 1: opposed to, you know, the other major story involving classified 162 00:09:42,559 --> 00:09:46,000 Speaker 1: documents after Trump. Sure, when you look at the history 163 00:09:46,040 --> 00:09:51,800 Speaker 1: of prosecutions under this statute, generally speaking, the person intended 164 00:09:52,360 --> 00:09:58,800 Speaker 1: to take the documents for some ulterior motive. The cases 165 00:09:58,880 --> 00:10:02,120 Speaker 1: that just end up as sort of no prosecutions and 166 00:10:02,280 --> 00:10:06,200 Speaker 1: just perhaps some regulatory disciplinary letter are the ones where 167 00:10:06,200 --> 00:10:11,360 Speaker 1: they were taken inadvertently. From the record that's known publicly now, 168 00:10:11,800 --> 00:10:14,320 Speaker 1: it appears as if the Biden case falls into the 169 00:10:15,360 --> 00:10:19,760 Speaker 1: taking them unintentionally and returning them once discovered, and the 170 00:10:19,800 --> 00:10:26,120 Speaker 1: Trump case has more allegations of intentional withholding and obstruction. 171 00:10:27,000 --> 00:10:30,400 Speaker 1: If there's nothing here, Michael, will we get it all 172 00:10:30,440 --> 00:10:35,480 Speaker 1: clear from the Justice Department in the Biden case? Yes? 173 00:10:35,520 --> 00:10:38,520 Speaker 1: And I think there there was a case that's similar 174 00:10:38,600 --> 00:10:43,240 Speaker 1: to this, and if I remember quickly, Alberto Gonzalesi, UM 175 00:10:43,480 --> 00:10:50,000 Speaker 1: Attorney General under Bush similar was investigated for possession of 176 00:10:50,600 --> 00:10:54,120 Speaker 1: classified or or documents that were due to be held 177 00:10:54,160 --> 00:10:56,360 Speaker 1: by the National Archives. They were looked into and they 178 00:10:56,400 --> 00:10:58,800 Speaker 1: said that there was no you know, sort of no harm, 179 00:10:58,840 --> 00:11:03,240 Speaker 1: no foul, meaning he took them, and he didn't do 180 00:11:03,320 --> 00:11:06,280 Speaker 1: that though, with the intend to do anything further, and 181 00:11:06,320 --> 00:11:11,840 Speaker 1: therefore they were Yes. September two, the Inspector General issued 182 00:11:11,960 --> 00:11:14,200 Speaker 1: the report on that. Michael, thank you for being with us. 183 00:11:14,240 --> 00:11:17,040 Speaker 1: It's always a pleasure. Michael Zelden, former federal prosecutor with 184 00:11:17,440 --> 00:11:19,280 Speaker 1: a bit of expertise that we kind of need right 185 00:11:19,280 --> 00:11:21,560 Speaker 1: now on a legal story like this one. Then there's 186 00:11:21,600 --> 00:11:23,680 Speaker 1: the political side of it, and that's different, of course. 187 00:11:23,720 --> 00:11:26,800 Speaker 1: That's where we turn to our panel, our signature panel 188 00:11:26,800 --> 00:11:30,400 Speaker 1: with Rick Davis and Genie Chanzano Bloomberg Politics contributors. Genie, 189 00:11:30,480 --> 00:11:32,200 Speaker 1: how do you think the White House is doing here? 190 00:11:32,240 --> 00:11:35,280 Speaker 1: Because that was kind of painful to watch with with 191 00:11:35,360 --> 00:11:38,480 Speaker 1: the Press secretary today, does Karine John Pierre simply not 192 00:11:38,679 --> 00:11:42,400 Speaker 1: answer questions on this? Yeah, I mean it was painful, 193 00:11:42,480 --> 00:11:45,079 Speaker 1: honest to goodness. If you didn't tell me this was reality, 194 00:11:45,120 --> 00:11:47,480 Speaker 1: I would think it was a really bad movie. This 195 00:11:47,559 --> 00:11:50,520 Speaker 1: is a very bad sign for the Democrats, you know. 196 00:11:50,880 --> 00:11:52,920 Speaker 1: Now it is going to be very, very tough for 197 00:11:52,960 --> 00:11:56,160 Speaker 1: somebody like Jack Smith to decide to prosecute Donald Trump 198 00:11:56,240 --> 00:11:58,880 Speaker 1: if that's where he was intending to go, Because of 199 00:11:58,880 --> 00:12:01,880 Speaker 1: course you've got bite and with classified information at a closet, 200 00:12:01,920 --> 00:12:05,000 Speaker 1: Hillary Clinton with classified information on a server. You know, 201 00:12:05,400 --> 00:12:07,679 Speaker 1: Mike Selden is right. There are signs that this was 202 00:12:07,720 --> 00:12:10,800 Speaker 1: more intentional and withholding and Trump. But that may be 203 00:12:10,880 --> 00:12:13,599 Speaker 1: true legally, but politically this is a nightmare for the 204 00:12:13,640 --> 00:12:16,800 Speaker 1: Biden administration. And I love that you played that sixty 205 00:12:16,840 --> 00:12:18,760 Speaker 1: minutes clip because I think that's going to be the 206 00:12:19,640 --> 00:12:22,160 Speaker 1: thing that the Democrats Biden has to watch out for 207 00:12:22,520 --> 00:12:25,559 Speaker 1: Karine John Pierre. They have to be very careful at 208 00:12:25,559 --> 00:12:27,839 Speaker 1: this point what they say. He should have never been 209 00:12:27,840 --> 00:12:31,480 Speaker 1: out on sixty minutes talking about how unfathomable this was 210 00:12:31,760 --> 00:12:34,320 Speaker 1: about Trump and then to have it turn up with him, 211 00:12:34,360 --> 00:12:36,360 Speaker 1: you know, a few months later. So they're going to 212 00:12:36,480 --> 00:12:38,480 Speaker 1: have to be very careful here not to say anything 213 00:12:38,559 --> 00:12:41,520 Speaker 1: until the Justice Department and makes a decision at least 214 00:12:41,600 --> 00:12:43,559 Speaker 1: about how to move forward. Well, I guess, look, you 215 00:12:43,679 --> 00:12:45,760 Speaker 1: sometimes your hands are just tied and there's not a 216 00:12:45,840 --> 00:12:48,720 Speaker 1: lot you can say, though, uh Rick, you're a communications 217 00:12:48,720 --> 00:12:50,679 Speaker 1: expert to the White House, take the right approach here, 218 00:12:51,040 --> 00:12:52,920 Speaker 1: you know, she just needs to repeat what he said 219 00:12:52,920 --> 00:12:55,439 Speaker 1: in his statement. You saw he read word for word 220 00:12:56,080 --> 00:12:58,959 Speaker 1: exactly what was in a statement that was prepared by 221 00:12:59,000 --> 00:13:01,240 Speaker 1: his aids who said, hey, you know, this is something 222 00:13:01,240 --> 00:13:03,319 Speaker 1: that we can really get away with. It will hold 223 00:13:03,400 --> 00:13:06,320 Speaker 1: us in place. But the mistake was the sixty minutes. 224 00:13:06,360 --> 00:13:09,200 Speaker 1: I mean, why would a president ever talk about what's 225 00:13:09,240 --> 00:13:12,160 Speaker 1: going on at the Justice Department with an open case. Uh, 226 00:13:12,200 --> 00:13:14,480 Speaker 1: And that's where the trip came. So she needs to 227 00:13:14,480 --> 00:13:16,400 Speaker 1: just repeat what he's already said. She doesn't need to 228 00:13:16,480 --> 00:13:18,719 Speaker 1: veer from that. Sooner or later, they'll get tired. Ask 229 00:13:18,720 --> 00:13:20,640 Speaker 1: her in the same question if she gives the same answer. 230 00:13:20,960 --> 00:13:23,480 Speaker 1: But the bloom is off the roase here. He's he's 231 00:13:23,559 --> 00:13:27,280 Speaker 1: into damage control at this point, and I'm not sure 232 00:13:27,440 --> 00:13:29,720 Speaker 1: they're going to be good at handling it. Wow. Listen 233 00:13:29,760 --> 00:13:31,520 Speaker 1: to how Donald Trump, by the way, these were his 234 00:13:32,200 --> 00:13:35,080 Speaker 1: some of his first remarks in in in reacting to 235 00:13:35,120 --> 00:13:37,760 Speaker 1: what happened at mar Lago, which by the way, was 236 00:13:37,800 --> 00:13:39,400 Speaker 1: all the way back in August. I was kind of 237 00:13:39,400 --> 00:13:41,360 Speaker 1: surprised to see how much time had passed. Just that 238 00:13:41,480 --> 00:13:44,080 Speaker 1: just that's how busy things have been. Here is the 239 00:13:44,120 --> 00:13:48,959 Speaker 1: former president on what happened in Florida. There is no crime. 240 00:13:49,000 --> 00:13:50,840 Speaker 1: You know, there is no crime. It's not a crime. 241 00:13:51,679 --> 00:13:55,280 Speaker 1: And they should give me immediately back everything that they've 242 00:13:55,320 --> 00:13:58,600 Speaker 1: taken from because it's mine, it's mine. That was That 243 00:13:58,679 --> 00:14:01,600 Speaker 1: was his approach. Not only did I not do something wrong, 244 00:14:01,920 --> 00:14:05,080 Speaker 1: you did. And you do wonder, Jeanie, if there's something 245 00:14:05,120 --> 00:14:07,320 Speaker 1: that Joe Biden could learn from him in that approach. 246 00:14:08,559 --> 00:14:11,400 Speaker 1: You know, I wouldn't suggest he go down the Trump route. 247 00:14:11,440 --> 00:14:14,040 Speaker 1: You know many people have tried. If you have been successful. 248 00:14:14,280 --> 00:14:16,319 Speaker 1: It's pretty much only Donald Trump who gets away with 249 00:14:16,360 --> 00:14:19,720 Speaker 1: saying that kind of stuff that the President really needs 250 00:14:19,760 --> 00:14:22,720 Speaker 1: to not say much more than he said yesterday. It 251 00:14:22,920 --> 00:14:25,720 Speaker 1: was painful to listen to, but he's gonna have to say, 252 00:14:25,800 --> 00:14:29,320 Speaker 1: we can't comment until this investigation is over. There's nothing 253 00:14:29,320 --> 00:14:32,040 Speaker 1: else to be said. And I couldn't agree with Rick Moore. 254 00:14:32,400 --> 00:14:34,600 Speaker 1: What's getting him into trouble is the fact that when 255 00:14:34,600 --> 00:14:37,080 Speaker 1: Biden is not on a teleprompter, he can go a 256 00:14:37,080 --> 00:14:39,600 Speaker 1: little haywire, as we all know, and those things come 257 00:14:39,600 --> 00:14:42,280 Speaker 1: back to haunt him. Listen to Kevin McCarthy today, the 258 00:14:42,280 --> 00:14:44,240 Speaker 1: Speaker of the House has finally weighed in. We know 259 00:14:44,320 --> 00:14:47,400 Speaker 1: that investigations are coming. I'm sure the Oversight Committee has 260 00:14:47,440 --> 00:14:50,680 Speaker 1: driven over this. Here's McCarthy, why does his Department of 261 00:14:50,720 --> 00:14:53,840 Speaker 1: Justice treat people differently? Every time we find something that 262 00:14:53,880 --> 00:14:57,440 Speaker 1: comes out before the election dealing with Biden's family, it's 263 00:14:57,480 --> 00:14:59,840 Speaker 1: pushed under the rug. It's called a lie, it's called it. 264 00:15:00,200 --> 00:15:03,000 Speaker 1: The Russians are doing it. And now, when why did 265 00:15:03,000 --> 00:15:05,600 Speaker 1: they treat President Trump? Totally different as d J. Why 266 00:15:05,600 --> 00:15:08,560 Speaker 1: did they raid? Why did they raid? Uh? You do 267 00:15:08,640 --> 00:15:11,720 Speaker 1: wonder Rick, when you hear commentary like that from the 268 00:15:11,720 --> 00:15:15,600 Speaker 1: new Republican speaker, would it behoove this Justice Department to 269 00:15:15,760 --> 00:15:18,280 Speaker 1: just put a special counsel on this case, call it 270 00:15:18,280 --> 00:15:22,000 Speaker 1: a day. You know, they gotta be careful creating precedent um. 271 00:15:22,040 --> 00:15:23,880 Speaker 1: You know they have a special counsel there for a 272 00:15:23,920 --> 00:15:27,640 Speaker 1: reason to investigate Trump. The reason they rated is because 273 00:15:27,680 --> 00:15:29,800 Speaker 1: he wouldn't give him back the documents that he stole. So, 274 00:15:30,000 --> 00:15:31,760 Speaker 1: I mean, like it's not that he had him, he 275 00:15:31,760 --> 00:15:35,360 Speaker 1: wouldn't give him back. Biden actually returned him without being asked. Uh, 276 00:15:35,600 --> 00:15:37,640 Speaker 1: So they gotta it is an a moral equivalent, it 277 00:15:37,720 --> 00:15:41,520 Speaker 1: is an illegal equivalent. Um At this point, not totally 278 00:15:41,520 --> 00:15:44,840 Speaker 1: clear what laws Biden violated, but you know you're not 279 00:15:44,840 --> 00:15:47,160 Speaker 1: supposed to be in possession of this, so by by 280 00:15:47,240 --> 00:15:50,840 Speaker 1: virtue of that being in his possession, he's got some exposure. 281 00:15:50,880 --> 00:15:54,000 Speaker 1: But the fact that it would require a special counsel 282 00:15:54,080 --> 00:15:56,680 Speaker 1: or added to the current special counsel I think is 283 00:15:57,200 --> 00:15:59,520 Speaker 1: a bit of a more of a political issue than 284 00:15:59,560 --> 00:16:01,840 Speaker 1: it is a the issue. I guess Jim Cohmer is 285 00:16:01,840 --> 00:16:03,640 Speaker 1: going to have a good time with this one, right Gene. 286 00:16:03,640 --> 00:16:05,440 Speaker 1: Even the Oversight Committee is going to go hard on 287 00:16:05,440 --> 00:16:07,680 Speaker 1: this until we know more, or even after the do 288 00:16:07,840 --> 00:16:11,040 Speaker 1: o J reports. I don't think they're gonna stop, regardless 289 00:16:11,040 --> 00:16:13,400 Speaker 1: of what the d o J does, regardless of what happens, 290 00:16:13,520 --> 00:16:16,680 Speaker 1: this was a political gift to the Republicans, exactly what 291 00:16:16,720 --> 00:16:18,760 Speaker 1: they could have hoped for. They couldn't have asked for more, 292 00:16:19,000 --> 00:16:21,560 Speaker 1: and it landed in their laps, and you know, so, 293 00:16:21,560 --> 00:16:23,080 Speaker 1: so they're going to run with it. And of course 294 00:16:23,120 --> 00:16:26,520 Speaker 1: they're gonna have, you know, to really, they do have 295 00:16:26,600 --> 00:16:28,440 Speaker 1: something to say about this. You know, we heard from 296 00:16:28,480 --> 00:16:31,600 Speaker 1: Mark Warner, the chair of Senate Intelligence Committee, He's right, 297 00:16:31,920 --> 00:16:34,040 Speaker 1: we need to be briefed on this. These are issues 298 00:16:34,080 --> 00:16:36,760 Speaker 1: of national security. Well, at least let's find out how 299 00:16:36,800 --> 00:16:39,960 Speaker 1: they got there, and then maybe they can within their 300 00:16:39,960 --> 00:16:43,560 Speaker 1: classified circles discuss what was in those documents. I don't know, 301 00:16:43,600 --> 00:16:45,440 Speaker 1: of course, if there's any News. You'll hear about it 302 00:16:45,720 --> 00:16:47,920 Speaker 1: right here on Bloomberg Radio. And you know we'll talk 303 00:16:47,960 --> 00:16:51,160 Speaker 1: about it on this program, the fastest hour in politics. 304 00:16:51,640 --> 00:16:54,040 Speaker 1: Still wouldn't want to be George Santos today. We'll talk 305 00:16:54,080 --> 00:17:06,320 Speaker 1: about it with the panel next. This is Bloomberg. Are 306 00:17:06,400 --> 00:17:12,520 Speaker 1: calling me a disgrace? We will not resign. What is 307 00:17:12,520 --> 00:17:24,240 Speaker 1: the response? Youre letting me know? Shoot shot? If you are, 308 00:17:25,960 --> 00:17:29,600 Speaker 1: it's just getting hotter for George Santos. Boy, he thought 309 00:17:29,720 --> 00:17:37,600 Speaker 1: last week was tough shot shoot up and he's got 310 00:17:37,640 --> 00:17:41,720 Speaker 1: some yeah, big questions to answer here as now the 311 00:17:41,880 --> 00:17:46,920 Speaker 1: calls start coming from inside the house. You know, it's 312 00:17:46,960 --> 00:17:49,240 Speaker 1: one thing to have people yelling at you in Washington, 313 00:17:49,280 --> 00:17:51,080 Speaker 1: d C. And I'll tell you what. This guy can't 314 00:17:51,080 --> 00:17:52,880 Speaker 1: even go to the bathroom right now. We can't leave 315 00:17:52,920 --> 00:17:54,760 Speaker 1: the office, he can't get lunch, he can't get it 316 00:17:54,760 --> 00:17:58,320 Speaker 1: on an elevator. They actually got in between him and 317 00:17:58,359 --> 00:18:02,439 Speaker 1: the elevator today. And this is just an exercise. My goodness. 318 00:18:02,480 --> 00:18:05,119 Speaker 1: The media, they're not gonna let go of you. But 319 00:18:05,359 --> 00:18:10,200 Speaker 1: none of that matters, especially when you've got Kevin McCarthy saying, hey, uh, 320 00:18:10,400 --> 00:18:14,879 Speaker 1: he got elected. Fire him in two years until, of course, 321 00:18:14,920 --> 00:18:19,280 Speaker 1: the leaders from Nassau County come calling. This is Nassau 322 00:18:19,280 --> 00:18:25,119 Speaker 1: County Republican Party Chair Joseph Cairo, who's talking earlier today 323 00:18:25,240 --> 00:18:27,480 Speaker 1: at a news conference. He has no place in the 324 00:18:27,560 --> 00:18:32,240 Speaker 1: Nassa County Republican Committee, nor should he serve in public service, 325 00:18:32,680 --> 00:18:36,000 Speaker 1: nor as an elected official. He's not welcome here at 326 00:18:36,000 --> 00:18:39,600 Speaker 1: Republican headquarters for meetings or at any of our events. 327 00:18:40,320 --> 00:18:43,439 Speaker 1: As I said, he's disgraced the House of Representatives and 328 00:18:43,480 --> 00:18:48,600 Speaker 1: we do not consider him one of our congress people. Today, 329 00:18:48,800 --> 00:18:52,360 Speaker 1: on behalf of the Nassa County Republican Committee, I am 330 00:18:52,400 --> 00:18:58,040 Speaker 1: calling for his immediate resignation. Okay, By the way, Joseph 331 00:18:58,080 --> 00:19:02,480 Speaker 1: Cairo not alone. He's the chair. He was flanked by 332 00:19:02,560 --> 00:19:07,560 Speaker 1: every member of the Nassau County, every official in the NASA, 333 00:19:07,800 --> 00:19:10,960 Speaker 1: Nasa County Republican Party. They all took their turn at 334 00:19:10,960 --> 00:19:14,800 Speaker 1: the microphone. Listen, we must call for the resignation of 335 00:19:14,880 --> 00:19:20,080 Speaker 1: Congressman George Santos. Calling for George Santos to resign, Calling 336 00:19:20,119 --> 00:19:23,359 Speaker 1: on George Santos to resign, demand that George Santo man 337 00:19:24,000 --> 00:19:27,080 Speaker 1: steps to call him a side, he should resign. My 338 00:19:27,200 --> 00:19:31,359 Speaker 1: office will have no interaction with George Santos or his 339 00:19:31,480 --> 00:19:35,320 Speaker 1: staff until he resigns. Wow, Okay, that was all just 340 00:19:35,400 --> 00:19:38,320 Speaker 1: today in George Santos. By God, he got to the 341 00:19:38,359 --> 00:19:41,720 Speaker 1: elevator and had no choice but to actually answer a question. Listen, 342 00:19:43,280 --> 00:19:47,520 Speaker 1: I will need a little bit of space here. The 343 00:19:47,520 --> 00:19:49,639 Speaker 1: New York I Holicans are calling me, went a sprace. 344 00:19:49,880 --> 00:19:55,800 Speaker 1: We will not resign. The respond Okay, maybe you didn't 345 00:19:55,800 --> 00:19:57,359 Speaker 1: hear what he said. I will not. In the middle 346 00:19:57,400 --> 00:20:01,040 Speaker 1: of all of that yelling what a way to make 347 00:20:01,040 --> 00:20:04,199 Speaker 1: a living? And so we have to turn to the 348 00:20:04,200 --> 00:20:08,520 Speaker 1: panel on this one. Uh, Kevin McCarthy is talking, guys. 349 00:20:08,840 --> 00:20:12,639 Speaker 1: He says that Santos deserves to remain in Congress. Quote, 350 00:20:12,640 --> 00:20:15,280 Speaker 1: it's the voters who make that decision, and he has 351 00:20:15,320 --> 00:20:18,840 Speaker 1: to answer it to the voters, going on to say 352 00:20:18,880 --> 00:20:21,520 Speaker 1: that if they don't like what they have here, they 353 00:20:21,520 --> 00:20:24,159 Speaker 1: should fire him and elect someone else in two years. 354 00:20:24,880 --> 00:20:27,720 Speaker 1: Is that good enough? Rick? You know? That gets him 355 00:20:27,720 --> 00:20:31,080 Speaker 1: out of the news cycle, and obviously the new cycles 356 00:20:31,160 --> 00:20:34,440 Speaker 1: driven by the quotes that you have from virtually every 357 00:20:34,440 --> 00:20:38,240 Speaker 1: elected official in his district and the borders telling him 358 00:20:38,280 --> 00:20:41,240 Speaker 1: to resign. Um. Certainly for them, it's a huge embarrassment 359 00:20:41,480 --> 00:20:44,679 Speaker 1: to have him as a representative in their neighborhood. But 360 00:20:44,760 --> 00:20:47,760 Speaker 1: at the end of the day, the Constitution really doesn't 361 00:20:47,800 --> 00:20:51,119 Speaker 1: care how he got elected. Once he's sworn in, he's 362 00:20:51,160 --> 00:20:55,760 Speaker 1: there for two years and removal is exceptionally difficult. Um. 363 00:20:55,800 --> 00:20:59,159 Speaker 1: It's almost like the constitutional framers knew that there'd be 364 00:20:59,200 --> 00:21:02,040 Speaker 1: scallawags in the House of Representatives and if they had 365 00:21:02,080 --> 00:21:06,640 Speaker 1: to get rid of all vote. So look, I don't 366 00:21:06,680 --> 00:21:08,800 Speaker 1: know if he resigns or not. As sure, it sounds 367 00:21:08,840 --> 00:21:12,000 Speaker 1: like not at least today, Genie. That could change by 368 00:21:12,000 --> 00:21:16,320 Speaker 1: the weekend. But in that case, your democratic governor would 369 00:21:16,359 --> 00:21:18,760 Speaker 1: then schedule the special election. We go through this all 370 00:21:18,760 --> 00:21:21,399 Speaker 1: over again. Yeah, for some reason, I'm not sure I 371 00:21:21,440 --> 00:21:24,320 Speaker 1: believe George Santos when he says he won't resign. You 372 00:21:24,320 --> 00:21:27,040 Speaker 1: can't believe anything the man says. But you know, right 373 00:21:27,040 --> 00:21:29,760 Speaker 1: now he's saying he won't resign. And of course, to 374 00:21:29,880 --> 00:21:32,200 Speaker 1: be expelled would take a two thirds vote in the House. 375 00:21:32,240 --> 00:21:36,040 Speaker 1: That's unlikely to happen. Um. And you're right, Kathy Hocle, 376 00:21:36,160 --> 00:21:39,360 Speaker 1: the governor um would have to if he did resign 377 00:21:39,440 --> 00:21:42,560 Speaker 1: or was expelled, she would call for a special election, 378 00:21:42,680 --> 00:21:46,080 Speaker 1: and it would be about seventy to ninety days after 379 00:21:46,160 --> 00:21:50,400 Speaker 1: he resigned, approximately And the problem for Republicans is they 380 00:21:50,440 --> 00:21:54,840 Speaker 1: feel very vulnerable in this district right now. And that's why, 381 00:21:54,960 --> 00:21:57,760 Speaker 1: you know, I think as much as Kevin McCarthy and 382 00:21:57,800 --> 00:21:59,960 Speaker 1: Steve Scalise they want to sort of stay as quite 383 00:22:00,200 --> 00:22:02,399 Speaker 1: as possible and and you know, let the voters have 384 00:22:02,480 --> 00:22:05,600 Speaker 1: their do. The reality is this is being pushed by 385 00:22:05,640 --> 00:22:09,520 Speaker 1: Republicans in this district, and I hear from them they 386 00:22:09,560 --> 00:22:12,520 Speaker 1: are devastated because they think this could rob them of 387 00:22:12,600 --> 00:22:15,080 Speaker 1: this seat for a long time. And that's why they're 388 00:22:15,119 --> 00:22:17,720 Speaker 1: pushing so hard to get him out before he really 389 00:22:17,840 --> 00:22:20,240 Speaker 1: damages the Republican Party in a way they can't come 390 00:22:20,240 --> 00:22:22,840 Speaker 1: back from in the near future. Well, so, okay, let's 391 00:22:22,880 --> 00:22:26,560 Speaker 1: say he does not leave Rick. How difficult is it 392 00:22:26,600 --> 00:22:28,560 Speaker 1: to operate as a member of Congress when you have 393 00:22:29,760 --> 00:22:33,480 Speaker 1: no interaction with local party officials like that, Kevin McCarthy says, 394 00:22:33,480 --> 00:22:36,720 Speaker 1: Santos will have to build trust in Congress. Is it possible? Now? 395 00:22:36,720 --> 00:22:38,480 Speaker 1: It's gonna be very difficult. I mean, first of all, 396 00:22:38,520 --> 00:22:41,320 Speaker 1: just getting from his office to the floors almost possible 397 00:22:41,600 --> 00:22:45,000 Speaker 1: because of the media scrum that's like surrounding him, asking him, 398 00:22:45,040 --> 00:22:48,840 Speaker 1: are you gonna resign. Um uh. And it's seen in 399 00:22:48,920 --> 00:22:52,159 Speaker 1: the reporting that very few members wanted to interact with him. 400 00:22:52,560 --> 00:22:54,879 Speaker 1: Most of them have the same attitude that his colleagues do, 401 00:22:54,960 --> 00:22:57,199 Speaker 1: which is, um, you know, it's an embarrassment to have 402 00:22:57,240 --> 00:22:59,720 Speaker 1: him in the House. So look, I mean, we haven't 403 00:22:59,720 --> 00:23:02,800 Speaker 1: even started to see the Democrats come after this guy. 404 00:23:02,960 --> 00:23:06,160 Speaker 1: Most of the news is Republicans saying that he ought 405 00:23:06,200 --> 00:23:08,879 Speaker 1: to go the minute that dies down. If I'm the 406 00:23:08,880 --> 00:23:12,040 Speaker 1: Democratic Party, I'd be all over this guy every single day, because, 407 00:23:12,040 --> 00:23:15,600 Speaker 1: as Genie says, this is a swing district and not 408 00:23:15,760 --> 00:23:18,040 Speaker 1: a day will go by in the next two years 409 00:23:18,240 --> 00:23:20,640 Speaker 1: that he isn't gonna be dogged by somebody screaming resign 410 00:23:20,840 --> 00:23:23,960 Speaker 1: a swing districts And what do we have five votes 411 00:23:24,040 --> 00:23:26,720 Speaker 1: to play with here? Four votes, Genie? Um this This 412 00:23:27,520 --> 00:23:29,560 Speaker 1: normally wouldn't be such a big deal if it weren't 413 00:23:29,560 --> 00:23:31,879 Speaker 1: such a slim majority. That's right. And you know, to 414 00:23:32,040 --> 00:23:35,760 Speaker 1: Rick's point, we're hearing words like pinata Democrats they want 415 00:23:35,800 --> 00:23:38,280 Speaker 1: to you know, hit him, but they want him to stay. 416 00:23:38,359 --> 00:23:40,600 Speaker 1: They don't want him to go because for them, he's 417 00:23:40,640 --> 00:23:42,920 Speaker 1: like the poster child of what they want to describe. 418 00:23:44,160 --> 00:23:46,480 Speaker 1: He is the best thing they've got going on. So 419 00:23:46,800 --> 00:23:48,280 Speaker 1: you know they want to keep him, but you know, 420 00:23:48,560 --> 00:23:51,040 Speaker 1: talking about how he's gonna function, not only you know, 421 00:23:51,119 --> 00:23:54,320 Speaker 1: be alienated from his colleagues and all of that. But 422 00:23:54,400 --> 00:23:56,880 Speaker 1: what we heard from Republicans in Nasa County today, they're 423 00:23:57,119 --> 00:23:59,800 Speaker 1: going to keep him out of the local government. They're 424 00:23:59,840 --> 00:24:01,920 Speaker 1: not to let them go to local meetings and events. 425 00:24:02,119 --> 00:24:06,000 Speaker 1: They're telling constituents to contact representatives and local districts on 426 00:24:06,040 --> 00:24:09,320 Speaker 1: the on the border. So they are just completely trying 427 00:24:09,359 --> 00:24:11,800 Speaker 1: to alienate him and cut him out. I think very 428 00:24:11,800 --> 00:24:14,080 Speaker 1: hard for him to sustain at this point. He did 429 00:24:14,160 --> 00:24:16,000 Speaker 1: send a tweet. It wasn't just what I played for 430 00:24:16,000 --> 00:24:17,760 Speaker 1: you in the hallway, he writes, I was elected to 431 00:24:17,760 --> 00:24:22,280 Speaker 1: serve the people of not the party and politicians. I 432 00:24:22,320 --> 00:24:25,439 Speaker 1: remain committed to doing that and regret to hear that 433 00:24:25,520 --> 00:24:27,960 Speaker 1: local officials refused to work with my office to deliver 434 00:24:28,040 --> 00:24:30,480 Speaker 1: results keep our community safe over the cost of living. 435 00:24:30,520 --> 00:24:33,880 Speaker 1: I will not resign exclamation point. Is he gonna get 436 00:24:33,880 --> 00:24:37,240 Speaker 1: on a committee? Do we think? Rick? Not likely? I mean, 437 00:24:37,280 --> 00:24:39,040 Speaker 1: first of all, most of these committee chairman like don't 438 00:24:39,040 --> 00:24:41,800 Speaker 1: put him on my committee. And there is some indication 439 00:24:42,400 --> 00:24:45,560 Speaker 1: that McCarthy is likely to not put him on a committee, 440 00:24:45,600 --> 00:24:48,320 Speaker 1: so he could be stranded. I mean, he's already the 441 00:24:48,359 --> 00:24:53,160 Speaker 1: most famous freshman congressman room in the house. And I think, 442 00:24:53,240 --> 00:24:55,439 Speaker 1: you know, maybe he's playing for you know, a shot 443 00:24:55,480 --> 00:24:57,920 Speaker 1: at you know, dancing with the Stars or something. There's 444 00:24:58,040 --> 00:25:00,760 Speaker 1: term is um because he will not get elected. I mean, 445 00:25:00,760 --> 00:25:03,720 Speaker 1: there's zero chance that he can serve a second term. 446 00:25:04,680 --> 00:25:06,880 Speaker 1: I mean, the reality is, if he wants his star 447 00:25:07,000 --> 00:25:09,320 Speaker 1: turn for the next two years, he can probably get it, 448 00:25:09,359 --> 00:25:11,560 Speaker 1: but it's gonna come at a huge cost. I could 449 00:25:11,560 --> 00:25:13,959 Speaker 1: see him, you know, danceing the samba or something, you know, 450 00:25:14,320 --> 00:25:18,280 Speaker 1: Sean Spicer style. Don't don't you think, Jennie, don't say 451 00:25:18,320 --> 00:25:20,679 Speaker 1: they're going that low on Dancing with the Stars. They 452 00:25:21,320 --> 00:25:25,640 Speaker 1: have more credibility than that. Actually I'm not either there, 453 00:25:25,680 --> 00:25:27,680 Speaker 1: but I'm hoping. You just wonder what kind of a 454 00:25:27,760 --> 00:25:29,760 Speaker 1: character he becomes if this is really going to happen. 455 00:25:29,800 --> 00:25:32,399 Speaker 1: But then again, we've got a criminal investigation here. We 456 00:25:32,440 --> 00:25:34,439 Speaker 1: have to remember the financial side of this. It's not 457 00:25:34,480 --> 00:25:37,160 Speaker 1: just about lying about working in golden sacks and lying 458 00:25:37,200 --> 00:25:41,200 Speaker 1: about your religion or whatever else is on that crazy resume. Uh, 459 00:25:41,480 --> 00:25:45,240 Speaker 1: he may have committed campaign finance violations. And if we 460 00:25:45,320 --> 00:25:49,000 Speaker 1: have a case of fraud, Genie, that's a very different situation. Absolutely, 461 00:25:49,040 --> 00:25:52,680 Speaker 1: his financial disclosures, campaign finance row. The Nassau County District 462 00:25:52,680 --> 00:25:55,800 Speaker 1: attorneys already looking into it. We've got the Brazilian authorities 463 00:25:55,800 --> 00:25:58,159 Speaker 1: on his on his a case if you will, you know, 464 00:25:58,280 --> 00:26:01,160 Speaker 1: And who wants to work either in his office for him? 465 00:26:01,400 --> 00:26:03,480 Speaker 1: And how could he be doing any business of these 466 00:26:03,480 --> 00:26:06,119 Speaker 1: people he's claiming to represent when all of his focus 467 00:26:06,200 --> 00:26:09,080 Speaker 1: has got to be on defending himself and getting out 468 00:26:09,080 --> 00:26:11,840 Speaker 1: of this mess. So the real losers here are the 469 00:26:11,880 --> 00:26:14,320 Speaker 1: constituents in the third district on Long Island who are 470 00:26:14,359 --> 00:26:16,800 Speaker 1: stuck with this guy who cannot be effective in the 471 00:26:16,840 --> 00:26:19,440 Speaker 1: slightest bit for them in the first term in which 472 00:26:19,560 --> 00:26:22,000 Speaker 1: the Republicans have taken the seat back. How do you 473 00:26:22,080 --> 00:26:25,480 Speaker 1: get a staff when when you're in a situation like this, Rick, 474 00:26:25,520 --> 00:26:28,520 Speaker 1: I mean, is there a clearinghouse of Capitol Hill workers 475 00:26:28,640 --> 00:26:30,600 Speaker 1: he can pick from here? Or is he gonna have 476 00:26:30,640 --> 00:26:34,440 Speaker 1: trouble just just maintaining his office? You know, Yeah, it's 477 00:26:34,440 --> 00:26:37,680 Speaker 1: gonna be tough. Um, I can imagine that nobody wants 478 00:26:37,680 --> 00:26:41,280 Speaker 1: to be tagged with him. Could you imagine his communication director. Wow, 479 00:26:41,480 --> 00:26:43,760 Speaker 1: the incoming has to be huge. But look, I mean 480 00:26:43,760 --> 00:26:45,800 Speaker 1: there are always people who are willing to help folks out. 481 00:26:45,840 --> 00:26:48,280 Speaker 1: I mean, frankly, if the leadership were smart, they'd get 482 00:26:48,359 --> 00:26:50,680 Speaker 1: him some people, uh to keep him out of trouble 483 00:26:50,680 --> 00:26:52,840 Speaker 1: because this can get worse. And as you point out, 484 00:26:52,960 --> 00:26:55,400 Speaker 1: he could be going through an investigation around the finances 485 00:26:55,440 --> 00:26:57,920 Speaker 1: of his campaign and that Upseeanny, I mean, the last 486 00:26:57,960 --> 00:27:00,440 Speaker 1: thing the Republican Party wants, the last thing that dership 487 00:27:00,440 --> 00:27:03,959 Speaker 1: wants in the House, is to look like we're, you know, 488 00:27:04,040 --> 00:27:08,280 Speaker 1: condoning some kind of person who would violate the law. 489 00:27:08,480 --> 00:27:11,479 Speaker 1: And so that just it can get worse. It seems 490 00:27:11,520 --> 00:27:14,600 Speaker 1: bad today, it can get worse. And if it can. 491 00:27:15,200 --> 00:27:18,119 Speaker 1: This is Washington, Rick and Jennie stay with us for 492 00:27:18,160 --> 00:27:20,639 Speaker 1: the hour, our signature panel. My god, what a story. 493 00:27:20,720 --> 00:27:22,840 Speaker 1: Just every day it's I just you never know what 494 00:27:22,880 --> 00:27:27,040 Speaker 1: we're going to get. This is Bloomberg So Long with 495 00:27:27,200 --> 00:27:32,919 Speaker 1: Joe Matthew on Bloomberg Radio. Just when you thought it 496 00:27:32,960 --> 00:27:34,480 Speaker 1: was safe to go back in the water. I was 497 00:27:34,520 --> 00:27:36,960 Speaker 1: planning to talk to you right here about the debt limit, 498 00:27:37,000 --> 00:27:39,200 Speaker 1: but we've got breaking news now of the New York 499 00:27:39,240 --> 00:27:46,280 Speaker 1: Times is reporting a second batch. More classified documents have 500 00:27:46,400 --> 00:27:49,880 Speaker 1: been discovered here a second location. New York Times President 501 00:27:49,920 --> 00:27:53,760 Speaker 1: Biden's aids found other classified documents dating from the Obama 502 00:27:53,800 --> 00:27:58,880 Speaker 1: administration at a second location associated with Mr Biden. It's 503 00:27:58,920 --> 00:28:03,560 Speaker 1: not clear way or they were recovered, but as AIDS 504 00:28:03,560 --> 00:28:07,480 Speaker 1: have been scouring apparently various places since they found the 505 00:28:07,520 --> 00:28:10,359 Speaker 1: docs we've been talking about in November, remember, six days 506 00:28:10,359 --> 00:28:14,280 Speaker 1: before the mid terms. They wanted to apparently a massive hunt. 507 00:28:17,000 --> 00:28:20,240 Speaker 1: The discovery of the second batch earlier reported by NBC 508 00:28:20,400 --> 00:28:24,040 Speaker 1: News to be safe and careful here and accurate. Uh. 509 00:28:24,200 --> 00:28:26,880 Speaker 1: White House spokesperson, a member of President Biden's legal team 510 00:28:26,880 --> 00:28:31,359 Speaker 1: not immediately returning requests for comment. I'll be very curious 511 00:28:31,400 --> 00:28:33,159 Speaker 1: to hear from the panel on this for just a 512 00:28:33,240 --> 00:28:35,720 Speaker 1: quick moment, because we started the program talking about this 513 00:28:35,760 --> 00:28:40,520 Speaker 1: with Michael Zelden, Rick Davis, and Jeannie Schanzino are here. Rick. 514 00:28:40,600 --> 00:28:43,200 Speaker 1: This obviously is not going to make this any easier 515 00:28:43,320 --> 00:28:45,520 Speaker 1: for the White House. Democrats gonna have a hard time 516 00:28:45,520 --> 00:28:47,440 Speaker 1: with the narrative on Donald Trump. Now, this is the 517 00:28:47,520 --> 00:28:49,920 Speaker 1: drip drip drip of more news coming out. I mean, 518 00:28:49,960 --> 00:28:52,520 Speaker 1: they're gonna everybody's gonna want to know where were the documents, 519 00:28:52,600 --> 00:28:55,320 Speaker 1: what was in them? Anything on Ukraine, because that would 520 00:28:55,360 --> 00:28:58,000 Speaker 1: have to do with you know, Hunter Biden. You know, 521 00:28:58,080 --> 00:28:59,680 Speaker 1: and this is just gonna get more fuel to the 522 00:28:59,680 --> 00:29:03,480 Speaker 1: fire for James Comer, the Oversight Committee chairman, who already 523 00:29:03,520 --> 00:29:06,160 Speaker 1: issued a whole passel of letters today, you know, to 524 00:29:06,480 --> 00:29:10,880 Speaker 1: uh the National Archives and Records Administration for information on 525 00:29:11,000 --> 00:29:13,320 Speaker 1: what was missing. You know, why didn't you know these 526 00:29:13,320 --> 00:29:16,560 Speaker 1: documents were missing? So uh, I think we're gonna hear 527 00:29:16,600 --> 00:29:19,880 Speaker 1: a lot about this. Certainly it's in the Republicans interests 528 00:29:20,120 --> 00:29:22,320 Speaker 1: to try and create a parallel so that they can 529 00:29:22,360 --> 00:29:25,240 Speaker 1: get rid of this debate over Donald Trump. It's it's 530 00:29:25,240 --> 00:29:26,920 Speaker 1: created a lot of problems for the party and a 531 00:29:26,920 --> 00:29:29,560 Speaker 1: lot of problems for Donald Trump. And I suspect if 532 00:29:29,560 --> 00:29:32,320 Speaker 1: they could do a deal today where they wouldn't talk 533 00:29:32,360 --> 00:29:34,680 Speaker 1: about Biden's records and they wouldn't talk about Trump's records, 534 00:29:34,680 --> 00:29:37,800 Speaker 1: everybody would be fine. Wow, Genie, are we thinking the 535 00:29:38,600 --> 00:29:41,880 Speaker 1: beach house in Delaware? How many places could Joe Biden 536 00:29:42,480 --> 00:29:45,040 Speaker 1: be sting documents? Yeah? I mean, and this is part 537 00:29:45,040 --> 00:29:46,960 Speaker 1: of the problem here, is that he's been out of 538 00:29:46,960 --> 00:29:49,520 Speaker 1: the Vice President's office for a long time. Discovers a 539 00:29:49,600 --> 00:29:52,320 Speaker 1: number of years and sort of where these records were, 540 00:29:52,400 --> 00:29:55,640 Speaker 1: the chain of custody, how they got wherever they got. Now, 541 00:29:55,680 --> 00:29:58,440 Speaker 1: a second batch, as you just mentioned, being reported, and 542 00:29:58,520 --> 00:30:01,240 Speaker 1: we understand to Rick's point, some of these are sensitive, 543 00:30:01,280 --> 00:30:06,160 Speaker 1: compartmentalized information that's above top secret, involving Ukraine, Iran and 544 00:30:06,160 --> 00:30:09,000 Speaker 1: the United Kingdom. At least according to some reports, that 545 00:30:09,160 --> 00:30:10,960 Speaker 1: is a very bad sign. It is just going to 546 00:30:11,080 --> 00:30:14,480 Speaker 1: give the Republicans in Congress more fodder to attack him 547 00:30:14,520 --> 00:30:18,360 Speaker 1: and pursue the hunter Biden's story. And you can't blame them, right, 548 00:30:18,440 --> 00:30:22,160 Speaker 1: they should incredible NBC News New York Times second batch 549 00:30:22,200 --> 00:30:24,800 Speaker 1: of documents found. Look, as soon as we learn more, 550 00:30:24,840 --> 00:30:26,400 Speaker 1: we'll let you know, of course, what I wanted to 551 00:30:26,440 --> 00:30:28,240 Speaker 1: make sure that you were update on that story. As 552 00:30:28,240 --> 00:30:32,000 Speaker 1: we turned to worries about the debt ceiling, we're about 553 00:30:32,040 --> 00:30:35,240 Speaker 1: to bump into what maybe not about, but the Associated 554 00:30:35,240 --> 00:30:37,600 Speaker 1: Press is already writing about federal government is on track 555 00:30:37,680 --> 00:30:40,200 Speaker 1: to max out on its thirty one point four trillion 556 00:30:40,200 --> 00:30:43,680 Speaker 1: dollar borrowing authority as soon as this month. That doesn't 557 00:30:43,680 --> 00:30:46,560 Speaker 1: mean we hit the ceiling this month, because you know, 558 00:30:46,600 --> 00:30:48,600 Speaker 1: then they go to extraordinary measures and all the rest 559 00:30:48,600 --> 00:30:52,440 Speaker 1: of this stuff Kevin McCarthy. Speaker McCarthy on Fox News 560 00:30:52,640 --> 00:30:56,800 Speaker 1: last night talking about abusing America's credit card. Here he is, 561 00:30:57,000 --> 00:30:58,920 Speaker 1: if you had a child and you gave him a 562 00:30:58,920 --> 00:31:01,400 Speaker 1: credit card and they kept hitting the limit, do you 563 00:31:01,480 --> 00:31:04,040 Speaker 1: just increase the limit or do you change their behavior? 564 00:31:04,520 --> 00:31:07,320 Speaker 1: This is our moment to change the behavior, to make 565 00:31:07,320 --> 00:31:11,520 Speaker 1: sure that hard working taxpayer that we're not wasting their money. 566 00:31:12,080 --> 00:31:15,640 Speaker 1: This is why conservatives were who were holding out on 567 00:31:15,720 --> 00:31:19,440 Speaker 1: Speaker McCarthy. We're demanding that if you make a deal 568 00:31:19,520 --> 00:31:23,800 Speaker 1: or raise the debt ceiling, it must come with budget reductions. Here, 569 00:31:23,840 --> 00:31:25,760 Speaker 1: We've got to spend less and that's what we wanted 570 00:31:25,800 --> 00:31:29,080 Speaker 1: to talk about with Douglas Holtzeken, the president of the 571 00:31:29,080 --> 00:31:32,760 Speaker 1: American Action Forum, former Council of Economic Advisor's chief economists 572 00:31:32,760 --> 00:31:34,720 Speaker 1: with us right now. Of course that was in the 573 00:31:35,040 --> 00:31:38,600 Speaker 1: w Bush administration. It's great to have you back, Douglas. 574 00:31:38,800 --> 00:31:40,320 Speaker 1: A lot of worry about a shutdown, a lot of 575 00:31:40,320 --> 00:31:43,960 Speaker 1: worry about a default. Here can Kevin McCarthy thread this needle? 576 00:31:43,960 --> 00:31:46,000 Speaker 1: And if he, if he does cut the budget to 577 00:31:46,120 --> 00:31:48,440 Speaker 1: make a debt ceiling deal, how does he get that 578 00:31:48,480 --> 00:31:53,080 Speaker 1: through the Senate. Well, in the end, the US will 579 00:31:53,120 --> 00:31:56,280 Speaker 1: have to raise its debt ceiling or suspend it um 580 00:31:56,920 --> 00:31:59,920 Speaker 1: because to fail to do so would be to garen 581 00:32:00,040 --> 00:32:04,440 Speaker 1: t default on treasuries, and that's an unthinkable option. That 582 00:32:04,600 --> 00:32:08,240 Speaker 1: those treasures are the foundation of the global financial system. Uh, 583 00:32:08,320 --> 00:32:11,800 Speaker 1: their safety and soundness is the reason that the US 584 00:32:11,840 --> 00:32:16,479 Speaker 1: dollars reserve currency for international transactions. And so the notion 585 00:32:16,560 --> 00:32:19,240 Speaker 1: that somehow we're not going to raise the death ceiling 586 00:32:19,320 --> 00:32:22,280 Speaker 1: is completely misplaced. And there's no serious debate about the 587 00:32:22,280 --> 00:32:26,400 Speaker 1: death ceiling. The serious debate is about what will be 588 00:32:26,440 --> 00:32:29,320 Speaker 1: the tax and spending policies the United States. It is 589 00:32:29,400 --> 00:32:33,320 Speaker 1: unquestionably true that we have accumulated an enormous amount of debt. 590 00:32:33,840 --> 00:32:36,960 Speaker 1: It is unquestionably true that we are on an unsustainable trajectory. 591 00:32:37,080 --> 00:32:40,120 Speaker 1: The current plans don't add up, and they will have 592 00:32:40,240 --> 00:32:42,959 Speaker 1: to be changed. How they get changes the real debate. 593 00:32:43,560 --> 00:32:45,760 Speaker 1: And you know, you hear people talking about using the 594 00:32:45,800 --> 00:32:49,200 Speaker 1: death ceiling as a lever. That's one thing. It's also 595 00:32:49,240 --> 00:32:53,120 Speaker 1: true that you can make these points in negotiating the 596 00:32:53,120 --> 00:32:56,880 Speaker 1: annual appropriations bills, and one of the demands of now 597 00:32:56,880 --> 00:33:00,440 Speaker 1: Speaker McCarthy was that they would do twelve individual creations 598 00:33:00,520 --> 00:33:02,400 Speaker 1: roles and passed them in regular to order and have 599 00:33:02,560 --> 00:33:05,720 Speaker 1: people debate and an amend them. And I think that 600 00:33:05,760 --> 00:33:09,640 Speaker 1: would be a tremendous thing because it would remind members 601 00:33:09,680 --> 00:33:13,600 Speaker 1: of their actual jobs and of the priorities in the 602 00:33:13,640 --> 00:33:17,080 Speaker 1: budget and what people on their side actually are willing 603 00:33:17,120 --> 00:33:18,800 Speaker 1: to give up and what people decide willing to do. 604 00:33:18,840 --> 00:33:21,080 Speaker 1: That they might be surprised to learn about the other 605 00:33:21,120 --> 00:33:25,000 Speaker 1: party in these negotiations. And that's another that's another place 606 00:33:25,000 --> 00:33:27,040 Speaker 1: where you can have the debate about the spending. That's 607 00:33:27,040 --> 00:33:29,880 Speaker 1: a real debate. It's one that it has to be had, 608 00:33:30,160 --> 00:33:31,920 Speaker 1: and if it ends up in a shutdown, that's far 609 00:33:32,040 --> 00:33:36,520 Speaker 1: less damaging than than endangering the financial system. So you know, 610 00:33:36,720 --> 00:33:38,680 Speaker 1: have the debate. Debate is not about the dead ce 611 00:33:38,800 --> 00:33:40,760 Speaker 1: it and and don't be confused about that. So you 612 00:33:40,800 --> 00:33:43,160 Speaker 1: don't sound too worried that that the that a small 613 00:33:43,160 --> 00:33:45,960 Speaker 1: faction of Republicans could make a real mess for Kevin 614 00:33:46,040 --> 00:33:48,200 Speaker 1: McCarthy on this. Everyone ends up being a grown up 615 00:33:48,200 --> 00:33:52,320 Speaker 1: when we walk up to the fiscal cliff. I didn't 616 00:33:52,320 --> 00:33:55,080 Speaker 1: say that we have seen that. We have seen the 617 00:33:55,160 --> 00:33:59,560 Speaker 1: US downgraded in in similar circumstances a decade ago. That's 618 00:33:59,560 --> 00:34:03,040 Speaker 1: the only guy in grade the US has ever faced. UM. 619 00:34:03,080 --> 00:34:05,680 Speaker 1: The downgrade says essentially what it says about a company, 620 00:34:05,680 --> 00:34:08,720 Speaker 1: which is, you're unable to manage your finances. We cannot 621 00:34:08,719 --> 00:34:12,239 Speaker 1: be confident of timely repayment of principle and interest, and 622 00:34:12,239 --> 00:34:15,680 Speaker 1: and that that was because a small fashion of holdouts 623 00:34:15,920 --> 00:34:18,080 Speaker 1: endangered the ability of the process to get to yes. 624 00:34:18,160 --> 00:34:20,560 Speaker 1: And so we have to get to S. So they 625 00:34:20,560 --> 00:34:22,520 Speaker 1: have to find a deal that they can get sold 626 00:34:22,560 --> 00:34:24,480 Speaker 1: in the Senate. That's the nature of the beast. That 627 00:34:24,600 --> 00:34:27,799 Speaker 1: is Kevin McCarthy's job as Speaker of the House. It 628 00:34:27,880 --> 00:34:30,319 Speaker 1: is also the President's job. And he can't pretend that 629 00:34:30,360 --> 00:34:33,719 Speaker 1: it's not part of his job. It's it's gonna be Leeder, 630 00:34:33,760 --> 00:34:37,080 Speaker 1: Schumer and McConnell's jobs. They're all going to have to 631 00:34:37,080 --> 00:34:40,320 Speaker 1: find out what what gets them t S. The holdouts 632 00:34:40,360 --> 00:34:42,160 Speaker 1: can make that very very hard. I'm not going to 633 00:34:42,280 --> 00:34:45,000 Speaker 1: deny that for a second. But you know, this is 634 00:34:45,040 --> 00:34:47,239 Speaker 1: a process that will probably have to get done before 635 00:34:47,239 --> 00:34:49,600 Speaker 1: the org's recess. When all is said and done, they 636 00:34:49,600 --> 00:34:52,520 Speaker 1: have six months. Start today, find a way to get 637 00:34:52,520 --> 00:34:55,760 Speaker 1: to yes. Don't do it at eleven pm after fifteen. 638 00:34:57,480 --> 00:35:00,399 Speaker 1: You know you're talking about here though, right U oh yeah, 639 00:35:00,680 --> 00:35:02,799 Speaker 1: our our last moment, Douglas. We could do an hour 640 00:35:02,880 --> 00:35:07,799 Speaker 1: on this. When you consider the conversation, defense spending has 641 00:35:07,800 --> 00:35:10,640 Speaker 1: already been discussed, spending money for Ukraine and so forth. 642 00:35:10,719 --> 00:35:12,279 Speaker 1: Is that where they're going to attack this or does 643 00:35:12,320 --> 00:35:16,040 Speaker 1: this come out of domestic spending in entitlements? Uh? This 644 00:35:16,080 --> 00:35:18,040 Speaker 1: is why I think talking about it for six months 645 00:35:18,120 --> 00:35:21,120 Speaker 1: is literally a good idea. I think few people understand 646 00:35:21,160 --> 00:35:25,480 Speaker 1: that federal spending is in entitlements, that that that that's 647 00:35:25,520 --> 00:35:27,640 Speaker 1: the money. So if you really want to change the trajector, 648 00:35:27,680 --> 00:35:29,640 Speaker 1: you gotta talk about Title reform and pretend that you 649 00:35:29,640 --> 00:35:32,320 Speaker 1: can do without that is wrong. A lot of people pretend. 650 00:35:32,680 --> 00:35:34,840 Speaker 1: Then they say, okay, um, if we're gonna do the 651 00:35:34,840 --> 00:35:37,160 Speaker 1: discretionary stuff, we're not gonna We're defense guys are off 652 00:35:37,200 --> 00:35:40,600 Speaker 1: limits right now. Forget it. You can't put that off limits. 653 00:35:40,960 --> 00:35:44,960 Speaker 1: Everything has to be on This sounds like the answers both, Douglas, 654 00:35:44,960 --> 00:35:46,960 Speaker 1: come back when we have more time, Douglas Saltzeken of 655 00:35:47,000 --> 00:35:49,440 Speaker 1: the American Action Forum. He's been there on the Council 656 00:35:49,480 --> 00:35:52,360 Speaker 1: of Economic Advisors, used to run the c o B. 657 00:35:53,160 --> 00:35:59,279 Speaker 1: This is Bloomberg, This is Bloomberg. So long with Joe 658 00:35:59,320 --> 00:36:07,279 Speaker 1: Matthew on Bloomberg Radio. It appears the gas stoves are 659 00:36:07,360 --> 00:36:11,640 Speaker 1: here to stay. Man, that was a close call. Were 660 00:36:11,680 --> 00:36:15,279 Speaker 1: you sucked up in the whole gas stove controversy this week? 661 00:36:15,280 --> 00:36:19,800 Speaker 1: There was a story out there knocking around here on Bloomberg. 662 00:36:19,800 --> 00:36:22,200 Speaker 1: As a matter of fact, at the head of the 663 00:36:22,280 --> 00:36:25,239 Speaker 1: US Consumer Product Safety Commission was going to move to 664 00:36:25,400 --> 00:36:33,760 Speaker 1: ban this sound. Yeah, come on, light it the gas stove. 665 00:36:35,080 --> 00:36:40,080 Speaker 1: I'll tell you something, Joe Mansion has never been more upset. 666 00:36:40,080 --> 00:36:41,960 Speaker 1: Did you see the statement from Joe Mansion on this 667 00:36:43,239 --> 00:36:50,040 Speaker 1: My goodness, a recipe for disaster, he says, after US 668 00:36:50,080 --> 00:36:53,799 Speaker 1: Consumer Product Safety Commission Commissioner Richard trump Ka Jr. Said 669 00:36:53,800 --> 00:36:55,640 Speaker 1: in an interview with Bloomberg that they were going to 670 00:36:55,760 --> 00:36:58,960 Speaker 1: act on gas doves because they emit pollutants that can 671 00:36:59,000 --> 00:37:04,920 Speaker 1: cause health issues, a hidden hazard. He said, any option 672 00:37:05,360 --> 00:37:07,239 Speaker 1: is on the table. And then in the state of 673 00:37:07,239 --> 00:37:09,840 Speaker 1: the State, Governor Kathy Hokel says New York might do 674 00:37:09,880 --> 00:37:14,200 Speaker 1: the same thing. Listen, I'm proposing a plan to end 675 00:37:14,200 --> 00:37:18,799 Speaker 1: the cell of new fossil powered heating equipment by by 676 00:37:18,840 --> 00:37:22,920 Speaker 1: calling for a construction of all new construction zero emission, 677 00:37:23,200 --> 00:37:29,960 Speaker 1: starting for small buildings for large buildings. But we hear 678 00:37:30,000 --> 00:37:33,200 Speaker 1: now from uh from Mr Trumka, I am not looking 679 00:37:33,239 --> 00:37:37,920 Speaker 1: to ban gas stoves. The CPSC has no proceeding to 680 00:37:38,000 --> 00:37:41,120 Speaker 1: do so. Joe mentioned said quote. I can tell you 681 00:37:41,160 --> 00:37:43,279 Speaker 1: the last thing that would ever leave my house is 682 00:37:43,320 --> 00:37:47,200 Speaker 1: the gas stove that we cook on. I'm guessing the 683 00:37:47,200 --> 00:37:50,320 Speaker 1: panel has feelings about this. I mean, nobody actually wants 684 00:37:50,320 --> 00:37:54,839 Speaker 1: an electric stove, right Jeannie. I have to say, Joe 685 00:37:54,880 --> 00:37:56,840 Speaker 1: Manson really got me with that one. That was a 686 00:37:56,920 --> 00:38:00,200 Speaker 1: very good punt and it was well written. And of course, 687 00:38:00,280 --> 00:38:03,000 Speaker 1: you know you have a o C who's getting slammed 688 00:38:03,000 --> 00:38:05,960 Speaker 1: a bit on this as well, because she came out 689 00:38:06,000 --> 00:38:09,080 Speaker 1: and talked about the fact that gas stoves are linked 690 00:38:09,080 --> 00:38:11,440 Speaker 1: to brain damage, which has been part of what has 691 00:38:11,480 --> 00:38:14,000 Speaker 1: been going on. So, you know, I wish I could 692 00:38:14,040 --> 00:38:15,919 Speaker 1: say I was a great cook on either a gas 693 00:38:15,920 --> 00:38:18,719 Speaker 1: stover an electric stove. I am not, as anybody who 694 00:38:18,719 --> 00:38:21,040 Speaker 1: knows me knows, but I'm telling you I am living 695 00:38:21,040 --> 00:38:24,440 Speaker 1: in a place where they just banned gas powered lawn equipment. 696 00:38:24,480 --> 00:38:26,759 Speaker 1: So this is very close to my heart. You know, 697 00:38:27,560 --> 00:38:29,560 Speaker 1: it's tough to be in New York at this point. 698 00:38:29,600 --> 00:38:32,040 Speaker 1: And of course California is another state that has been 699 00:38:32,080 --> 00:38:35,480 Speaker 1: pursuing these kinds of bands. This is another lightbulb story though, 700 00:38:35,600 --> 00:38:38,680 Speaker 1: right Rick, As soon as this gets out there, Republicans 701 00:38:38,680 --> 00:38:41,680 Speaker 1: will turn this into a political story and Donald Trump 702 00:38:41,719 --> 00:38:45,239 Speaker 1: will tell everybody that he saved the gas stove. Yeah, 703 00:38:45,280 --> 00:38:47,960 Speaker 1: this is gonna be so much fun. You're gonna rip 704 00:38:48,040 --> 00:38:50,720 Speaker 1: my gas stove out of my kitchen, No way, I'll 705 00:38:50,840 --> 00:38:53,879 Speaker 1: lay down over it. Um But does anybody think it's 706 00:38:53,880 --> 00:38:57,200 Speaker 1: a little odd that Richard Trumka Jr. The son of 707 00:38:57,320 --> 00:39:01,359 Speaker 1: Richard Trumka, who was head of the a L who 708 00:39:01,440 --> 00:39:04,799 Speaker 1: criticized Joe Biden for getting rid of the Keystone pipeline, 709 00:39:05,320 --> 00:39:10,040 Speaker 1: is now fighting uh, gas stoves. I mean, you couldn't 710 00:39:10,040 --> 00:39:12,879 Speaker 1: make this up. I mean, like this administration has two 711 00:39:12,880 --> 00:39:15,279 Speaker 1: faces to every issue. It really is something. I'll tell 712 00:39:15,280 --> 00:39:17,680 Speaker 1: you what, if Anthony Boordin were still alive, he would 713 00:39:17,680 --> 00:39:19,919 Speaker 1: have made he would have gone on a national road 714 00:39:19,960 --> 00:39:23,960 Speaker 1: show to save the gas stove. I'm sure would have 715 00:39:23,960 --> 00:39:27,520 Speaker 1: been willing to give up whatever health he needed to that. 716 00:39:27,600 --> 00:39:29,840 Speaker 1: This is for chefs. This is a big deal, Genie. 717 00:39:30,000 --> 00:39:31,919 Speaker 1: If you're a real cook, you don't fool around waiting 718 00:39:31,960 --> 00:39:34,880 Speaker 1: for some electric Bernard a warm up. That's right. You 719 00:39:34,920 --> 00:39:37,480 Speaker 1: know they're saying this is a war on Gordon Ramsey, 720 00:39:37,560 --> 00:39:40,640 Speaker 1: that the Democrats the Lives are going after Gordon Ramsey 721 00:39:40,640 --> 00:39:42,600 Speaker 1: of all things. You know, they don't want people to 722 00:39:42,640 --> 00:39:44,160 Speaker 1: be able to cook. They want to go in and 723 00:39:44,160 --> 00:39:47,760 Speaker 1: as Rick said, rip out their stoves. Um, you know it. 724 00:39:47,239 --> 00:39:50,120 Speaker 1: It is not where the Democrats, not where the Biden 725 00:39:50,160 --> 00:39:54,120 Speaker 1: administration should be. But it has gotten a lot of coverage. 726 00:39:54,160 --> 00:39:56,799 Speaker 1: And of course this is also tied to the discussion 727 00:39:56,800 --> 00:39:59,120 Speaker 1: of the environmental harm. They have now tied it to 728 00:39:59,640 --> 00:40:03,239 Speaker 1: the ealth impacts and people are questioning the studies that 729 00:40:03,280 --> 00:40:05,520 Speaker 1: have come out in this in this regard, and of 730 00:40:05,560 --> 00:40:08,759 Speaker 1: course you had the US Consumer Safety Products Commissioners say 731 00:40:08,880 --> 00:40:10,839 Speaker 1: they would be open to public comments. So I bet 732 00:40:10,840 --> 00:40:12,879 Speaker 1: they're going to get a lot on this one, no doubt. 733 00:40:12,960 --> 00:40:16,000 Speaker 1: To your point, Rick, natural Gasto's used in about homes 734 00:40:16,040 --> 00:40:18,319 Speaker 1: in the US. That's gonna be a pretty tough nut 735 00:40:18,360 --> 00:40:20,840 Speaker 1: to crack. I'm thinking, yeah, you're gonna divide the public 736 00:40:20,880 --> 00:40:22,759 Speaker 1: on this issue. I think it's nuts. This is one 737 00:40:22,800 --> 00:40:25,200 Speaker 1: of those where the Chief of Staff Dibiden's like, oh 738 00:40:25,239 --> 00:40:28,520 Speaker 1: make my day. Anybody else got a great ideas. I'm 739 00:40:28,520 --> 00:40:30,879 Speaker 1: guessing we're not talking about this one again. Who knows, 740 00:40:31,600 --> 00:40:34,920 Speaker 1: Rick Davis gen Chanzano. Great conversation. They found a second 741 00:40:34,920 --> 00:40:38,720 Speaker 1: batch of documents. I guess we'll pick up there tomorrow. 742 00:40:38,719 --> 00:40:41,080 Speaker 1: On the fastest hour in politics, I'm Joe Matthew. This 743 00:40:41,680 --> 00:40:42,280 Speaker 1: is Bloomberg.