1 00:00:00,880 --> 00:00:04,360 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 2 00:00:04,400 --> 00:00:07,560 Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the 3 00:00:07,640 --> 00:00:10,760 Speaker 1: iHeartRadio app and the Bloomberg Business app, or listen on 4 00:00:10,800 --> 00:00:12,800 Speaker 1: demand wherever you get your podcasts. 5 00:00:13,600 --> 00:00:15,960 Speaker 2: Well, for Joe Biden, it may not be great, but 6 00:00:16,160 --> 00:00:19,360 Speaker 2: it's better than what was a New batch of research 7 00:00:19,440 --> 00:00:24,400 Speaker 2: from this week's New York Times Siena College poll finds 8 00:00:24,440 --> 00:00:29,560 Speaker 2: the president's approval rating is at a mere thirty nine percent, 9 00:00:30,600 --> 00:00:33,120 Speaker 2: and of course is not great, but it's a lot 10 00:00:33,159 --> 00:00:36,680 Speaker 2: better than where it was a couple of months ago. 11 00:00:36,720 --> 00:00:39,320 Speaker 2: I'm Joe Matthew in Washington. As we reassemble the panel, 12 00:00:39,400 --> 00:00:42,720 Speaker 2: Rick Davis and Jeanie Shanzano are with us. The hypothetical 13 00:00:42,760 --> 00:00:45,480 Speaker 2: match up here is what seems to be making the news, 14 00:00:45,479 --> 00:00:49,000 Speaker 2: and that's Donald Trump versus Joe Biden. Guess what tied 15 00:00:49,720 --> 00:00:53,840 Speaker 2: according to this poll, tied at forty three percent a piece. 16 00:00:53,880 --> 00:00:57,840 Speaker 2: There's your hypothetical rematch in twenty twenty four, but not 17 00:00:57,920 --> 00:01:01,880 Speaker 2: according to Ron DeSantis big sit down with Fox News, 18 00:01:01,920 --> 00:01:03,760 Speaker 2: remember he's going to do more media. Sat down with 19 00:01:03,800 --> 00:01:07,880 Speaker 2: Brett barn made the case Donald Trump cannot beat Joe Biden. 20 00:01:07,920 --> 00:01:10,600 Speaker 3: The polls that come out that put I beat Biden 21 00:01:10,680 --> 00:01:14,440 Speaker 3: in Georgia, Trump doesn't. I beat Biden soundly in Arizona, 22 00:01:14,480 --> 00:01:16,720 Speaker 3: Trump doesn't. Those are just the realities. And I also 23 00:01:16,720 --> 00:01:19,520 Speaker 3: think in terms of the base, you need to have 24 00:01:19,840 --> 00:01:22,720 Speaker 3: a cadre of personnel. If you want to slay this 25 00:01:22,840 --> 00:01:25,760 Speaker 3: administrative state, You've got to be disciplined, you got to 26 00:01:25,760 --> 00:01:28,080 Speaker 3: be focused, and you've got to have people surrounding you 27 00:01:28,520 --> 00:01:30,560 Speaker 3: that are going to go and support the mission. I 28 00:01:30,560 --> 00:01:33,919 Speaker 3: think the former president would have very difficult time getting 29 00:01:33,920 --> 00:01:37,080 Speaker 3: the type of personnel to join the administration that you 30 00:01:37,080 --> 00:01:39,640 Speaker 3: would need to actually bring this stuff to fruition. 31 00:01:39,760 --> 00:01:42,160 Speaker 2: All right, So let's see what Rick and Jennie think here. 32 00:01:42,200 --> 00:01:42,920 Speaker 2: Does he have a point? 33 00:01:43,000 --> 00:01:47,400 Speaker 4: GENI I think he does. You know, he is trying 34 00:01:47,440 --> 00:01:49,560 Speaker 4: to take the approach that this thing is going to 35 00:01:49,640 --> 00:01:52,520 Speaker 4: be fought out in a few of these battleground states. 36 00:01:52,520 --> 00:01:55,040 Speaker 4: He is right about that. He is right about the 37 00:01:55,040 --> 00:01:59,480 Speaker 4: fact that Donald Trump remains very unpopular with moderates, independents, 38 00:01:59,560 --> 00:02:02,520 Speaker 4: certainly Democrats, and it's going to be tough for him 39 00:02:02,520 --> 00:02:04,920 Speaker 4: to win a general He's also right it's going to 40 00:02:04,960 --> 00:02:07,760 Speaker 4: be tough for him to attract talented people should he 41 00:02:07,840 --> 00:02:12,720 Speaker 4: win into the administration. All of that said, Ron DeSantis' 42 00:02:12,880 --> 00:02:15,520 Speaker 4: campaign just seems to be having an awful lot of 43 00:02:15,560 --> 00:02:19,520 Speaker 4: trouble at this point resonating with voters, and so I 44 00:02:19,600 --> 00:02:21,600 Speaker 4: applaud them for trying to get more out there with 45 00:02:21,680 --> 00:02:24,280 Speaker 4: the media. He's got to do that, but he's got 46 00:02:24,280 --> 00:02:26,200 Speaker 4: a long way to go in terms of turning those 47 00:02:26,280 --> 00:02:30,880 Speaker 4: numbers around with his own GOP primary voters. But on 48 00:02:30,960 --> 00:02:34,320 Speaker 4: the general election, he is probably on solid ground with 49 00:02:34,400 --> 00:02:37,360 Speaker 4: a message that simply doesn't seem to be resonating with 50 00:02:37,520 --> 00:02:40,120 Speaker 4: most of the GOP primary voters at this point. 51 00:02:40,200 --> 00:02:42,880 Speaker 2: Of course, he's struggling at least in the national polls 52 00:02:42,960 --> 00:02:45,639 Speaker 2: rick although even Iowa and New Hampshire polls run to 53 00:02:45,720 --> 00:02:48,799 Speaker 2: Santis is far behind Donald Trump. Is he right, though, 54 00:02:48,800 --> 00:02:50,679 Speaker 2: if he should somehow clear the hurdle he gets in 55 00:02:50,720 --> 00:02:53,480 Speaker 2: the general election, that he's actually a greater threat against 56 00:02:53,560 --> 00:02:56,400 Speaker 2: Joe Biden, because that's been the conventional wisdom. I'm just 57 00:02:56,560 --> 00:02:57,680 Speaker 2: wondering where you are on this. 58 00:02:58,000 --> 00:03:00,359 Speaker 5: Yeah, I think he could be. I mean, I do 59 00:03:00,360 --> 00:03:02,720 Speaker 5: think he's got He's right, you can either win the 60 00:03:02,800 --> 00:03:05,120 Speaker 5: national polls or win the states. I think he'd rather 61 00:03:05,120 --> 00:03:08,680 Speaker 5: win the states and that's the right approach in this case. 62 00:03:08,720 --> 00:03:10,440 Speaker 5: I mean, he has to make the case that the 63 00:03:10,520 --> 00:03:13,320 Speaker 5: general election can be his and that's you know, basically 64 00:03:13,400 --> 00:03:17,680 Speaker 5: four states. So I do think that he has a 65 00:03:17,720 --> 00:03:20,720 Speaker 5: better chance of beating Biden in those states only because 66 00:03:20,840 --> 00:03:23,840 Speaker 5: his images and is tarnished and people don't know him 67 00:03:23,840 --> 00:03:26,919 Speaker 5: as well. So he has the opportunity to paint a 68 00:03:26,960 --> 00:03:31,520 Speaker 5: positive picture in places like Arizona and Georgia and Wisconsin 69 00:03:31,600 --> 00:03:35,440 Speaker 5: and Nevada, much better case than Donald Trump does. Donald 70 00:03:35,440 --> 00:03:37,800 Speaker 5: Trump is Donald Trump. Those numbers aren't going to change, 71 00:03:38,160 --> 00:03:40,040 Speaker 5: you know, one hundred thousand votes in any one of 72 00:03:40,080 --> 00:03:42,680 Speaker 5: those states between now an election day. But Desantus has 73 00:03:42,720 --> 00:03:45,280 Speaker 5: a chance of actually improving it. 74 00:03:45,160 --> 00:03:45,520 Speaker 6: It does. 75 00:03:45,560 --> 00:03:46,440 Speaker 2: It's not automatic. 76 00:03:46,480 --> 00:03:49,440 Speaker 5: He could get worse, but at least he's right when 77 00:03:49,480 --> 00:03:51,760 Speaker 5: he says I have a better chance than Donald Trump 78 00:03:51,840 --> 00:03:53,320 Speaker 5: does to be a better candidate. 79 00:03:53,600 --> 00:03:58,760 Speaker 2: Yeah. Joe Biden's approval rating Genie thirty nine percent is 80 00:03:58,800 --> 00:04:00,960 Speaker 2: not great. I mean he's on water still, but it 81 00:04:01,000 --> 00:04:05,840 Speaker 2: is up from thirty three percent last July. I wonder 82 00:04:05,880 --> 00:04:10,160 Speaker 2: your thoughts on the pole here and putting up essentially 83 00:04:10,440 --> 00:04:12,920 Speaker 2: a damaged president. I think we can we can call 84 00:04:13,000 --> 00:04:15,960 Speaker 2: Joe Biden with numbers like this up against a former 85 00:04:15,960 --> 00:04:18,760 Speaker 2: president facing multiple indictments, there might be more to follow. 86 00:04:18,839 --> 00:04:22,040 Speaker 2: Yet there here they are tied at forty three percent. 87 00:04:22,080 --> 00:04:22,760 Speaker 2: What do you make of it? 88 00:04:23,520 --> 00:04:25,840 Speaker 4: Yeah, I mean, I think, you know, the New York 89 00:04:25,880 --> 00:04:28,400 Speaker 4: Times tried to put it as much of a positive 90 00:04:28,480 --> 00:04:30,800 Speaker 4: spin on these numbers as they can. They are still 91 00:04:31,000 --> 00:04:34,640 Speaker 4: historically low for an incumbent president. He does have his 92 00:04:34,720 --> 00:04:37,799 Speaker 4: work cut out from him. That said, we have had 93 00:04:37,960 --> 00:04:40,920 Speaker 4: a you know, I think back to twenty sixteen, for instance, 94 00:04:40,960 --> 00:04:43,719 Speaker 4: we used to say two of the most or the 95 00:04:43,800 --> 00:04:47,560 Speaker 4: least popular presidential candidates, and now I think if Trump 96 00:04:47,600 --> 00:04:50,400 Speaker 4: and if Biden go head to head in twenty four 97 00:04:50,480 --> 00:04:53,880 Speaker 4: we probably will beat that. It is you know, it's 98 00:04:53,960 --> 00:04:56,680 Speaker 4: it's a bit depressing to think about, you know. To me, 99 00:04:56,920 --> 00:05:00,240 Speaker 4: this this is something of a warning sign for Democrat 100 00:05:00,360 --> 00:05:03,159 Speaker 4: that they have their work cut out for them. Number one, 101 00:05:03,279 --> 00:05:07,080 Speaker 4: Biden is going to need to go negative. Number two, 102 00:05:07,279 --> 00:05:10,039 Speaker 4: he is going to have to depend on his surrogates 103 00:05:10,080 --> 00:05:12,520 Speaker 4: to get out there and talk about what he has done. 104 00:05:12,839 --> 00:05:15,440 Speaker 4: But the reality is, seven out of the eight last 105 00:05:15,480 --> 00:05:19,480 Speaker 4: elections since twenty ninety two, Democrats have won the popular vote. 106 00:05:19,480 --> 00:05:22,440 Speaker 4: They haven't won the presidency. But they've won the popular vote, 107 00:05:22,560 --> 00:05:25,280 Speaker 4: so they are on firmer ground that way. But that 108 00:05:25,360 --> 00:05:27,200 Speaker 4: is you know, this isn't the position you want to 109 00:05:27,200 --> 00:05:29,400 Speaker 4: go in, but that's why they want to go against Trump. 110 00:05:30,279 --> 00:05:33,039 Speaker 2: Only half of Democrats say they don't want Joe Biden 111 00:05:33,080 --> 00:05:36,240 Speaker 2: to be the nominee in twenty four Genie, that's an 112 00:05:36,240 --> 00:05:39,720 Speaker 2: improvement from sixty four percent of the Democratic Party didn't 113 00:05:39,760 --> 00:05:44,719 Speaker 2: want to renominate him. Just going back till last summer again, 114 00:05:44,760 --> 00:05:47,800 Speaker 2: at this time last summer, is that something to celebrate? 115 00:05:48,880 --> 00:05:51,000 Speaker 4: You know, you celebrate it where you can get it. 116 00:05:51,080 --> 00:05:53,320 Speaker 4: So I think they will celebrate it. 117 00:05:53,839 --> 00:05:54,479 Speaker 1: Would they like it? 118 00:05:54,600 --> 00:05:58,160 Speaker 2: Hire, Absolutely, We'll about infrastructure, what about the IRA. 119 00:05:58,279 --> 00:06:00,320 Speaker 4: Yeah, go for it, Joe. You could try to tell 120 00:06:00,360 --> 00:06:02,599 Speaker 4: people they have to get out there and talk about that, 121 00:06:02,800 --> 00:06:05,440 Speaker 4: but they're rea to do. It's not for you to do. 122 00:06:05,480 --> 00:06:08,040 Speaker 4: They need surrogates out there. But the reality is people 123 00:06:08,120 --> 00:06:11,440 Speaker 4: are so polarized, you know, at this point they just 124 00:06:11,520 --> 00:06:14,920 Speaker 4: go back to their party basis and Biden knows that. 125 00:06:15,000 --> 00:06:17,880 Speaker 4: But the good news for Biden midterm twenty twenty two, 126 00:06:18,360 --> 00:06:22,120 Speaker 4: they had a much stronger showing than they thought because 127 00:06:22,279 --> 00:06:25,280 Speaker 4: it was you know, Donald Trump hand picking people that 128 00:06:25,279 --> 00:06:28,719 Speaker 4: were running in two extreme for many voters because of Dobbs. 129 00:06:29,000 --> 00:06:31,839 Speaker 4: And at this point, Biden, with the economy starting to 130 00:06:31,920 --> 00:06:34,880 Speaker 4: level out, he's got some things going for him. And 131 00:06:34,920 --> 00:06:37,600 Speaker 4: I think anybody would rather be in Biden's position than 132 00:06:37,600 --> 00:06:38,440 Speaker 4: Trump's right now. 133 00:06:39,040 --> 00:06:42,120 Speaker 2: That interview that Ron DeSantis did with Brett bhar Rick, 134 00:06:42,160 --> 00:06:44,960 Speaker 2: I would suggest, be the toughest language, really toughest tone 135 00:06:45,040 --> 00:06:48,880 Speaker 2: that we've heard while naming Donald Trump. And I know 136 00:06:49,000 --> 00:06:51,600 Speaker 2: that a lot of folks have been, you know, goading 137 00:06:51,720 --> 00:06:53,720 Speaker 2: him in that direction. Here's how he did. 138 00:06:53,880 --> 00:06:57,839 Speaker 3: I fought his administration to keep our state open, to 139 00:06:57,880 --> 00:07:01,320 Speaker 3: have kids in school. Fauci, the task Force, all those people, 140 00:07:01,520 --> 00:07:05,160 Speaker 3: they were sending me missives even January of twenty twenty one, 141 00:07:05,240 --> 00:07:08,400 Speaker 3: right before he left office, his task force was telling 142 00:07:08,520 --> 00:07:12,160 Speaker 3: us in Florida to close. And so he didn't have 143 00:07:12,240 --> 00:07:15,920 Speaker 3: control over his own government. He didn't have control over Fauci. 144 00:07:16,200 --> 00:07:20,080 Speaker 3: Fauci ran that government his last year in office. Trump 145 00:07:20,160 --> 00:07:22,800 Speaker 3: should have fired him. He did not do that. He 146 00:07:23,040 --> 00:07:27,360 Speaker 3: elevated Fauci, and he made Fauci an international celebrity. And 147 00:07:27,400 --> 00:07:29,680 Speaker 3: here's the thing I fought back against it. 148 00:07:29,880 --> 00:07:33,440 Speaker 2: I fought his administration. Rick I'm not sure we've heard 149 00:07:33,480 --> 00:07:36,720 Speaker 2: anything quite that specific. Fauci ran the government in his 150 00:07:36,840 --> 00:07:42,160 Speaker 2: last year in office. He's been wood shopping with somebody here, right, 151 00:07:43,000 --> 00:07:44,240 Speaker 2: who's he strategizing? 152 00:07:44,280 --> 00:07:48,920 Speaker 5: Remember he was photoshopping Fauci hugging Donald Trump. So speaking 153 00:07:48,960 --> 00:07:50,840 Speaker 5: of and this was early on in the campaign, it 154 00:07:50,880 --> 00:07:52,880 Speaker 5: was obviously a theme that they wanted to use that 155 00:07:53,200 --> 00:07:56,000 Speaker 5: he ran the state differently than Trump ran the country 156 00:07:56,680 --> 00:07:57,280 Speaker 5: on COVID. 157 00:07:57,360 --> 00:07:59,640 Speaker 2: The problem is COVID has dropped off. 158 00:07:59,480 --> 00:08:02,040 Speaker 5: The list of issues people care about, right, I mean, 159 00:08:02,080 --> 00:08:04,480 Speaker 5: the American public they know how to turn the page. 160 00:08:04,640 --> 00:08:06,640 Speaker 5: The politicians need to learn how to do that too. 161 00:08:06,920 --> 00:08:09,480 Speaker 5: He needs to be talking about contrasts with Donald Trump 162 00:08:09,480 --> 00:08:12,160 Speaker 5: on things that actually voters care about, and one of 163 00:08:12,200 --> 00:08:14,800 Speaker 5: them is an issue that he started with but has 164 00:08:14,840 --> 00:08:17,160 Speaker 5: gotten off of, and that is winning. I mean, he's 165 00:08:17,240 --> 00:08:19,440 Speaker 5: not making the case as well as he could every 166 00:08:19,480 --> 00:08:23,000 Speaker 5: single day in these primary states about how Donald Trump 167 00:08:23,160 --> 00:08:25,840 Speaker 5: has lost previous elections for the Republican Party since he 168 00:08:25,920 --> 00:08:28,680 Speaker 5: was elected, and that he can't afford and to lose 169 00:08:28,720 --> 00:08:33,280 Speaker 5: another one to a week. Joe Biden, So, I think 170 00:08:33,520 --> 00:08:35,760 Speaker 5: none of these guys have really stepped up their game. 171 00:08:35,800 --> 00:08:39,400 Speaker 5: But Chris Christy, and we've seen some improvement in Christie's 172 00:08:39,480 --> 00:08:42,120 Speaker 5: numbers in New Hampshire as a result of it. But 173 00:08:42,640 --> 00:08:44,800 Speaker 5: they've all got to get the message that they only 174 00:08:44,840 --> 00:08:46,720 Speaker 5: grow at Donald Trump's expense. 175 00:08:47,360 --> 00:08:49,720 Speaker 2: I should have said, work shopping, Genie. Do you hear 176 00:08:50,720 --> 00:08:53,800 Speaker 2: a different tone in Ronda Santis? Is he getting closer 177 00:08:53,840 --> 00:08:56,400 Speaker 2: to the line or am I just trying to find 178 00:08:56,400 --> 00:08:56,959 Speaker 2: it somewhere? 179 00:08:57,360 --> 00:09:00,880 Speaker 4: You know, I've been stunned this interview, the one with 180 00:09:01,000 --> 00:09:04,679 Speaker 4: Megan Kelly. I agree with Rick one hundred percent. You know, 181 00:09:04,880 --> 00:09:07,600 Speaker 4: COVID is not something at the top of people's minds, 182 00:09:07,600 --> 00:09:12,240 Speaker 4: particularly Republican primary voters. That's not the message. And I 183 00:09:12,280 --> 00:09:14,840 Speaker 4: think the problem with the electability message is what we 184 00:09:14,880 --> 00:09:16,840 Speaker 4: saw in the sc on a New York Times poll 185 00:09:17,240 --> 00:09:21,000 Speaker 4: is that over fifty percent of primary voters think in 186 00:09:21,040 --> 00:09:24,280 Speaker 4: the GOP side that Trump can beat Biden. So, you know, 187 00:09:24,400 --> 00:09:28,080 Speaker 4: it is a hard, hard message for DeSantis to send, 188 00:09:28,400 --> 00:09:30,840 Speaker 4: and I think that he's got to try to make 189 00:09:30,920 --> 00:09:34,280 Speaker 4: a different case, and it is one that's really difficult 190 00:09:34,320 --> 00:09:37,760 Speaker 4: to do because the people open to somebody besides Trump 191 00:09:38,040 --> 00:09:41,040 Speaker 4: and the people who are never Trumpers have very very 192 00:09:41,080 --> 00:09:44,400 Speaker 4: different views on many many issues, and he's having trouble 193 00:09:44,640 --> 00:09:46,280 Speaker 4: sort of walking that fine line. 194 00:09:46,800 --> 00:09:48,200 Speaker 2: What would you tell him to do? I only have 195 00:09:48,240 --> 00:09:50,040 Speaker 2: thirty seconds here, Rick, But if you had to do 196 00:09:50,080 --> 00:09:52,480 Speaker 2: the interview again, it's hey, Governor, here's what I want 197 00:09:52,520 --> 00:09:53,640 Speaker 2: you to think about next time. 198 00:09:53,880 --> 00:09:54,080 Speaker 6: Yeah. 199 00:09:54,160 --> 00:09:56,880 Speaker 5: Here the ten things that I'm different than Donald Trump 200 00:09:56,880 --> 00:09:59,600 Speaker 5: on and winning is five of them. And the economy 201 00:09:59,640 --> 00:10:02,040 Speaker 5: and a couple other issues are right after that. I mean, 202 00:10:02,240 --> 00:10:04,760 Speaker 5: you've got to talk about the things that primary voters 203 00:10:04,800 --> 00:10:07,360 Speaker 5: care about, and they care about what's happening in the economy, 204 00:10:07,400 --> 00:10:09,319 Speaker 5: and they care about what's happening around the country. 205 00:10:09,559 --> 00:10:12,120 Speaker 2: Winning is five of them. That's why Rick is Rick 206 00:10:12,200 --> 00:10:15,760 Speaker 2: Davis with Genie Shanzano. Of course, our signature panel with 207 00:10:15,920 --> 00:10:18,680 Speaker 2: more ahead and some important news here on the Tubberville 208 00:10:18,679 --> 00:10:22,000 Speaker 2: Blockade as the Biden administration bites back. 209 00:10:23,120 --> 00:10:26,480 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 210 00:10:26,520 --> 00:10:30,400 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 211 00:10:30,440 --> 00:10:32,480 Speaker 1: tune in alf, Bloomberg dot Com, and. 212 00:10:32,440 --> 00:10:33,800 Speaker 6: The Bloomberg Business app. 213 00:10:33,920 --> 00:10:36,800 Speaker 1: You can also listen live on Amazon Alexa from our 214 00:10:36,800 --> 00:10:41,280 Speaker 1: flagship New York station, Just Say Alexa play Bloomberg eleven thirty. 215 00:10:42,360 --> 00:10:46,079 Speaker 2: The headline from Bloomberg government. Biden jumps into fray over 216 00:10:46,280 --> 00:10:52,719 Speaker 2: Space Command picking Colorado probably the most underreported story of 217 00:10:52,760 --> 00:10:55,960 Speaker 2: the day, as the presidents chooses Colorado as the home 218 00:10:56,120 --> 00:11:01,880 Speaker 2: indeed of US Space Command, reversing a Trump to to 219 00:11:01,960 --> 00:11:08,440 Speaker 2: move the headquarters to Huntsville, Alabama, likely fueling speculation that 220 00:11:08,520 --> 00:11:12,520 Speaker 2: abortion politics played into the final decision. You don't have 221 00:11:12,600 --> 00:11:15,960 Speaker 2: to spend too much time thinking about why Alabama, of 222 00:11:16,000 --> 00:11:21,080 Speaker 2: course has restrictive anti abortion laws, Colorado does not. And 223 00:11:21,120 --> 00:11:25,000 Speaker 2: then there's that blockade from Senator Tommy Tuberville We've been 224 00:11:25,040 --> 00:11:28,760 Speaker 2: talking about for weeks. Well, the Republican is from Alabama, 225 00:11:29,559 --> 00:11:35,960 Speaker 2: protesting the Pentagon's policy when it comes to abortion, remembering 226 00:11:36,120 --> 00:11:38,560 Speaker 2: hundreds of military promotions have been held up by the 227 00:11:38,559 --> 00:11:41,439 Speaker 2: Tubberville blockade, and he claims to have a lot of 228 00:11:41,480 --> 00:11:42,400 Speaker 2: support in this effort. 229 00:11:42,480 --> 00:11:46,320 Speaker 7: I got a letter of five thousand veterans seeing him 230 00:11:46,480 --> 00:11:50,840 Speaker 7: fully supporting five thousand. So talked to a lot of constituents, 231 00:11:50,840 --> 00:11:55,400 Speaker 7: some against phone calls have been ringing majority four six 232 00:11:55,520 --> 00:11:59,480 Speaker 7: percent of the people in this country are four not 233 00:11:59,679 --> 00:12:04,240 Speaker 7: having abortions, paid for anything to do with abortion, sixty 234 00:12:04,240 --> 00:12:05,800 Speaker 7: percent Republicans and Democrats. 235 00:12:05,960 --> 00:12:09,680 Speaker 2: Was Tubberville talking just last week with Bloomberg News, He's 236 00:12:09,720 --> 00:12:12,120 Speaker 2: out with a statement today quote as soon as Joe 237 00:12:12,120 --> 00:12:16,160 Speaker 2: Biden took office, he paused movement of that decision. Be 238 00:12:16,160 --> 00:12:20,480 Speaker 2: again talking about Space Command headquarters, and he writes inserted 239 00:12:20,520 --> 00:12:23,599 Speaker 2: politics into what had been a fair and objective competition, 240 00:12:24,240 --> 00:12:27,720 Speaker 2: not because the facts had changed, but because the political 241 00:12:27,720 --> 00:12:30,200 Speaker 2: party of the sitting president had changed. 242 00:12:30,320 --> 00:12:30,720 Speaker 6: Unquote. 243 00:12:30,760 --> 00:12:33,960 Speaker 2: We reassemble our panel for their take on this. Rick 244 00:12:34,040 --> 00:12:38,400 Speaker 2: Davis and Jeanie Shanzo, Bloomberg Politics contributors. Is this punitive 245 00:12:38,480 --> 00:12:39,520 Speaker 2: action from the president? 246 00:12:39,640 --> 00:12:44,040 Speaker 5: Rick Well, I think he's right that certainly a Republican 247 00:12:44,120 --> 00:12:46,680 Speaker 5: was in president, and it was when he made the 248 00:12:46,720 --> 00:12:49,000 Speaker 5: decision to go to Huntsville a couple of days before 249 00:12:49,080 --> 00:12:55,800 Speaker 5: he left office and said himself, I single handedly picked Alabama, 250 00:12:55,920 --> 00:12:58,760 Speaker 5: let's go. And so look, I like Huntsville. I went 251 00:12:58,800 --> 00:13:01,880 Speaker 5: to the University of Alabama, roll tied. But the reality 252 00:13:01,960 --> 00:13:04,680 Speaker 5: is presidents get to make these decisions. Just like Trump 253 00:13:04,760 --> 00:13:07,559 Speaker 5: made that decision, Biden said, well, let's take a look 254 00:13:07,600 --> 00:13:10,640 Speaker 5: at it. The government Accounting off Accountability Office said there 255 00:13:10,640 --> 00:13:14,280 Speaker 5: were irregularities, and so they started the process anew and 256 00:13:14,679 --> 00:13:16,920 Speaker 5: shock and surprise, it's staying right where it was since 257 00:13:16,960 --> 00:13:20,520 Speaker 5: twenty nineteen, so it's very difficult to uproot it at 258 00:13:20,559 --> 00:13:25,840 Speaker 5: this stage. But whether or not the senators hold on 259 00:13:26,160 --> 00:13:30,280 Speaker 5: three hundred general officers in the Department of Defense had 260 00:13:30,320 --> 00:13:32,720 Speaker 5: anything to do with this, I kind of hope. So, 261 00:13:33,040 --> 00:13:35,160 Speaker 5: I mean, we don't know that at all for sure, 262 00:13:35,559 --> 00:13:40,280 Speaker 5: but it's about time that your actions had consequences on 263 00:13:40,320 --> 00:13:40,960 Speaker 5: Capitol Hill. 264 00:13:41,559 --> 00:13:45,000 Speaker 2: The decision here to pick Alabama did come at the 265 00:13:45,080 --> 00:13:48,280 Speaker 2: end of the Trump administration, a genie now being reversed. 266 00:13:49,360 --> 00:13:53,360 Speaker 2: I learned today in our own reporting that subsequent reviews, 267 00:13:53,360 --> 00:13:57,160 Speaker 2: including one by the GAO, scored Huntsville much higher than 268 00:13:57,240 --> 00:13:59,160 Speaker 2: Colorado Springs. So what's going on here? 269 00:13:59,640 --> 00:14:02,520 Speaker 4: Yeah, and we are hearing, you know, these sort of 270 00:14:02,600 --> 00:14:06,360 Speaker 4: different claims, many of them unsourced, some saying that General 271 00:14:06,400 --> 00:14:10,480 Speaker 4: Dickinson was arguing against a move because it wouldjeopardize military 272 00:14:10,520 --> 00:14:13,360 Speaker 4: readiness to your point, others arguing in favor of it. 273 00:14:13,800 --> 00:14:17,440 Speaker 4: The reality is, it's this does pit the President against 274 00:14:17,520 --> 00:14:20,400 Speaker 4: Coach Tupperville, as they have been for some time. 275 00:14:20,840 --> 00:14:23,480 Speaker 7: And you know the fact. 276 00:14:23,240 --> 00:14:26,720 Speaker 4: That the site wouldn't be open until the mid twenty thirties, 277 00:14:27,520 --> 00:14:30,200 Speaker 4: the fact that the transition would cause upheaval and the 278 00:14:30,240 --> 00:14:33,680 Speaker 4: fact that Tupperville is wrong when he says that things 279 00:14:33,760 --> 00:14:37,120 Speaker 4: haven't changed, Well, they have changed, not just a new administration, 280 00:14:37,640 --> 00:14:40,680 Speaker 4: but we absolutely have newer threats in the air, We 281 00:14:40,720 --> 00:14:43,560 Speaker 4: have newer threats in space, as we just saw in 282 00:14:43,600 --> 00:14:47,000 Speaker 4: Congress with the hearing, and we have a massive conflict 283 00:14:47,280 --> 00:14:50,600 Speaker 4: in Ukraine. All of those things are impactful, and the 284 00:14:50,600 --> 00:14:53,120 Speaker 4: President had to make a decision. He had every right. 285 00:14:53,480 --> 00:14:55,560 Speaker 4: And so it goes to a place that voted fifty 286 00:14:55,640 --> 00:14:58,640 Speaker 4: nine percent Democrat and the elast mister of election. So 287 00:14:58,840 --> 00:14:59,120 Speaker 4: be it. 288 00:15:00,040 --> 00:15:02,320 Speaker 2: Well, Senator Bennett is certainly happy. But it brings me 289 00:15:02,400 --> 00:15:05,680 Speaker 2: to some new polling today, Rick from Gallup, and it's 290 00:15:05,680 --> 00:15:08,040 Speaker 2: a headline that should jump off the page. Confidence in 291 00:15:08,200 --> 00:15:13,040 Speaker 2: US military lowest in over two decades at sixty percent here. 292 00:15:13,480 --> 00:15:16,600 Speaker 2: Confidence in the military was last this low in nineteen 293 00:15:16,720 --> 00:15:22,280 Speaker 2: ninety seven. And Rick, among Republicans, there was a significant 294 00:15:22,280 --> 00:15:25,920 Speaker 2: decline twenty percentage points in just three years. What's going 295 00:15:25,960 --> 00:15:26,440 Speaker 2: on here? 296 00:15:26,920 --> 00:15:29,200 Speaker 5: Yeah, Look, I mean, you know, the military used to 297 00:15:29,240 --> 00:15:32,160 Speaker 5: be one of the few institutions a government that people 298 00:15:32,720 --> 00:15:37,360 Speaker 5: retained their support for. And this is a really disquieting 299 00:15:37,880 --> 00:15:41,680 Speaker 5: process that we've been going through. And the Defense Department 300 00:15:42,160 --> 00:15:46,320 Speaker 5: like what we've just been talking about with coach Tuberville's 301 00:15:47,000 --> 00:15:51,880 Speaker 5: attacks on their policy toward abortion. You know, you just 302 00:15:52,160 --> 00:15:54,560 Speaker 5: you can go down the list, right. There's been a 303 00:15:54,600 --> 00:15:59,600 Speaker 5: lot of rigor in attacks in Congress about the Defense 304 00:15:59,640 --> 00:16:07,080 Speaker 5: Department policies on women and assault and on you know, diversity. 305 00:16:07,360 --> 00:16:09,800 Speaker 5: So I mean they have gone through the same cultural 306 00:16:09,920 --> 00:16:14,360 Speaker 5: shocks that every institution, corporate and government have had to 307 00:16:14,360 --> 00:16:17,120 Speaker 5: go through, and it's an open question as to whether 308 00:16:17,160 --> 00:16:20,960 Speaker 5: they've reacted in a way that the American public thinks 309 00:16:21,040 --> 00:16:21,760 Speaker 5: is responsive. 310 00:16:22,040 --> 00:16:24,920 Speaker 2: Yeah. Confidence of military according to this Gallup servia And 311 00:16:24,960 --> 00:16:26,320 Speaker 2: by the way, if this is important to you, we're 312 00:16:26,320 --> 00:16:29,120 Speaker 2: going to talk to Muhammad Yunis next hour, the editor 313 00:16:29,120 --> 00:16:31,760 Speaker 2: in chief of Gallup about this very poll from late 314 00:16:31,840 --> 00:16:36,880 Speaker 2: seventies to early eighties was the valley here Genie. Between 315 00:16:36,920 --> 00:16:39,240 Speaker 2: fifty and fifty eight percent of Americans were confident in 316 00:16:39,240 --> 00:16:41,200 Speaker 2: the military at that point. It improved quite a bit 317 00:16:41,280 --> 00:16:44,760 Speaker 2: during Ronald Reagan's presidency. It surged after the Gulf War 318 00:16:45,360 --> 00:16:49,440 Speaker 2: under the first Bush presidency, and then again after nine 319 00:16:49,440 --> 00:16:52,320 Speaker 2: to eleven, what is it most recently in these two 320 00:16:52,400 --> 00:16:57,160 Speaker 2: years pulling it lower. There was some issue here involving 321 00:16:57,160 --> 00:16:59,480 Speaker 2: the withdrawal from Afghanistan, for instance. But it's got to 322 00:16:59,480 --> 00:16:59,960 Speaker 2: be more than that. 323 00:17:00,480 --> 00:17:03,640 Speaker 4: It does. I think it's part of an overall decrease 324 00:17:03,720 --> 00:17:07,080 Speaker 4: in faith in institutions across the country, and quite frankly, 325 00:17:07,119 --> 00:17:10,199 Speaker 4: not just in the United States, but democracies around the world. 326 00:17:10,600 --> 00:17:14,080 Speaker 4: You know, as low as sixty percent is for the military, 327 00:17:14,119 --> 00:17:16,960 Speaker 4: you'd much rather be in the military than Congress, which 328 00:17:17,000 --> 00:17:22,400 Speaker 4: is at a whopping eight percent. Newspapers, eighteen, organized religion, 329 00:17:22,480 --> 00:17:26,399 Speaker 4: thirty two police, forty three institutions across the country, as 330 00:17:26,400 --> 00:17:28,359 Speaker 4: I'm sure Mohammed's going to talk to you about, have 331 00:17:28,520 --> 00:17:33,760 Speaker 4: been slammed. Distrust is really plummeting across institutions, and the military, 332 00:17:33,800 --> 00:17:37,239 Speaker 4: which normally ranks so high, is part and parcel of that. 333 00:17:37,400 --> 00:17:40,040 Speaker 4: What I think is an overall drop, and it is 334 00:17:40,160 --> 00:17:43,240 Speaker 4: fueled by the attacks we are seeing, you know, on 335 00:17:43,480 --> 00:17:46,239 Speaker 4: the right and quite frankly for a longer time on 336 00:17:46,320 --> 00:17:49,879 Speaker 4: the left, that are looking at these institutions and saying 337 00:17:49,960 --> 00:17:53,280 Speaker 4: that Americans can't trust them, they are corrupt, and that 338 00:17:53,600 --> 00:17:55,560 Speaker 4: we have to clean the swamp. Well, guess what, the 339 00:17:55,600 --> 00:17:57,840 Speaker 4: military is the biggest, you know, one of our biggest 340 00:17:57,880 --> 00:17:59,520 Speaker 4: public institutions in the country. 341 00:18:00,080 --> 00:18:01,880 Speaker 2: Well, join us about a half an hour from now 342 00:18:02,240 --> 00:18:04,840 Speaker 2: to dig into those numbers a bit more with the 343 00:18:04,920 --> 00:18:07,840 Speaker 2: editor in chief from Gallup. Rick Davis and Genie Shanzano 344 00:18:07,880 --> 00:18:10,040 Speaker 2: hang with us as we look through the receipts coming 345 00:18:10,119 --> 00:18:14,880 Speaker 2: up next from the Trump Leadership Pack one hundred eight 346 00:18:14,960 --> 00:18:17,880 Speaker 2: thousand dollars for Malania's hair. 347 00:18:18,960 --> 00:18:23,439 Speaker 1: This is Bloomberg. You're listening to the Bloomberg Sound On podcast. 348 00:18:23,840 --> 00:18:27,399 Speaker 1: Catch us live weekdays at one Eastern on Bloomberg dot com, 349 00:18:27,440 --> 00:18:30,520 Speaker 1: the iHeartRadio app, and the Bloomberg Business App, or listen 350 00:18:30,600 --> 00:18:32,720 Speaker 1: on demand wherever you get your podcasts. 351 00:18:33,840 --> 00:18:36,400 Speaker 2: A lot of questions about Donald Trump's spending habits, more 352 00:18:36,440 --> 00:18:42,320 Speaker 2: so his political action committees spending habits. As we reassemble 353 00:18:42,359 --> 00:18:44,640 Speaker 2: the panel, Rick Davis and Genie Shanzeno are with us. 354 00:18:44,960 --> 00:18:49,000 Speaker 2: The Save America Pack, one of several committees here helping 355 00:18:49,119 --> 00:18:53,720 Speaker 2: to finance Donald Trump's reelection bid and pay lawyers is 356 00:18:53,760 --> 00:18:58,640 Speaker 2: out with quite the list of expenditures here operating expenditures 357 00:18:58,680 --> 00:19:03,720 Speaker 2: by all months by and some may not be surprising 358 00:19:03,760 --> 00:19:11,000 Speaker 2: here from thousands, in fact millions on legal consulting. Just 359 00:19:11,119 --> 00:19:13,399 Speaker 2: run down the list to your legal consulting goes by 360 00:19:13,640 --> 00:19:18,639 Speaker 2: the first twenty positions. We've got legal consulting, research consulting, 361 00:19:19,080 --> 00:19:22,240 Speaker 2: and now here's one strategy consulting at one hundred and 362 00:19:22,320 --> 00:19:25,480 Speaker 2: eight thousand dollars. That's the one that's jumping off the 363 00:19:25,480 --> 00:19:27,399 Speaker 2: page for some because it turns out that that one 364 00:19:27,480 --> 00:19:34,000 Speaker 2: hundred and eight thousand dollars charge is going to Herve 365 00:19:34,280 --> 00:19:37,200 Speaker 2: Pierre Braillard. I hope I'm saying it right, a French 366 00:19:37,240 --> 00:19:42,480 Speaker 2: American fashion designer six installments of eighteen thousand dollars to 367 00:19:42,560 --> 00:19:47,520 Speaker 2: providing to provide styling services to Milania Trump. Genie. This 368 00:19:47,640 --> 00:19:49,600 Speaker 2: is the kind of stuff you can't pay for here. Well, 369 00:19:49,600 --> 00:19:51,679 Speaker 2: I guess you can with one hundred and eight thousand dollars, 370 00:19:51,720 --> 00:19:57,120 Speaker 2: but once again, fully legal as far as campaign laws concerned. 371 00:19:57,720 --> 00:20:00,560 Speaker 4: Yeah, and Joe, you didn't say the positive news. That's 372 00:20:00,600 --> 00:20:03,040 Speaker 4: down from one hundred and fifty thousand over the course 373 00:20:03,040 --> 00:20:05,320 Speaker 4: of twenty twenty two. And far be it for me 374 00:20:05,359 --> 00:20:08,440 Speaker 4: to question anybody's cost of paying for hair or clothing. 375 00:20:08,920 --> 00:20:12,560 Speaker 4: But you know, let's just say, maybe Milania Trump, with 376 00:20:12,640 --> 00:20:16,160 Speaker 4: everything she's gone to deserve something a little extra special. 377 00:20:16,560 --> 00:20:17,679 Speaker 4: That's all I could say. 378 00:20:17,880 --> 00:20:19,720 Speaker 2: I'm just trying to figure out how the rules work here. Rick. 379 00:20:19,760 --> 00:20:22,719 Speaker 2: Wouldn't that require her to be doing maybe some campaigning 380 00:20:23,720 --> 00:20:26,880 Speaker 2: for the campaign for the former president or doesn't it matter. 381 00:20:27,080 --> 00:20:29,520 Speaker 5: Yeah, the campaign's already put out of a statement that says, oh, no, 382 00:20:29,640 --> 00:20:32,320 Speaker 5: he's been helping us design events and all kinds of 383 00:20:32,359 --> 00:20:35,000 Speaker 5: things like that. But you know, any other given time, 384 00:20:35,480 --> 00:20:39,840 Speaker 5: any other candidate, the idea that somehow you're paying a 385 00:20:39,920 --> 00:20:42,840 Speaker 5: designer hundreds of thousands of dollars out of hard earned 386 00:20:42,880 --> 00:20:46,280 Speaker 5: campaign funds, contributions that people gave you would have had 387 00:20:46,280 --> 00:20:48,880 Speaker 5: a negative reaction today doesn't seem so. 388 00:20:49,400 --> 00:20:52,880 Speaker 2: It's really remarkable. In fact, it's clearly that some of 389 00:20:52,880 --> 00:20:57,639 Speaker 2: his most ardent supporters are looking forward to paying for 390 00:20:57,720 --> 00:20:58,560 Speaker 2: his legal defense. 391 00:21:00,000 --> 00:21:03,520 Speaker 1: Listening to The Bloomberg Sound on podcast, catch the program 392 00:21:03,640 --> 00:21:07,240 Speaker 1: live weekdays at one Eastern on Bloomberg Radio, the tune 393 00:21:07,280 --> 00:21:09,160 Speaker 1: in alf, Bloomberg dot Com, and the. 394 00:21:09,119 --> 00:21:10,359 Speaker 6: Bloomberg Business App. 395 00:21:10,480 --> 00:21:13,359 Speaker 1: You can also listen live on Amazon Alexa from our 396 00:21:13,359 --> 00:21:19,159 Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty. 397 00:21:19,440 --> 00:21:23,120 Speaker 2: It's a troubling headline, but in light of the Tubberville blockade, 398 00:21:24,000 --> 00:21:29,360 Speaker 2: the Afghan withdrawal, and maybe just an exhaustion following nine 399 00:21:29,359 --> 00:21:32,560 Speaker 2: to eleven, Caylee, we see the headline from Gallup today, 400 00:21:32,640 --> 00:21:38,520 Speaker 2: confidence in US military lowest in over two decades. It's 401 00:21:38,560 --> 00:21:42,840 Speaker 2: a pretty amazing piece of research here. Mohammed Yunis, of course, 402 00:21:42,960 --> 00:21:45,960 Speaker 2: our friend, the Gallup editor in chief who's going to 403 00:21:46,080 --> 00:21:48,960 Speaker 2: join us in just a moment here, wrote this up. 404 00:21:49,040 --> 00:21:51,800 Speaker 2: And it's a really interesting trajectory. When you go back 405 00:21:51,840 --> 00:21:54,359 Speaker 2: to late seventies, early eighties, you think of that as 406 00:21:54,400 --> 00:21:58,680 Speaker 2: kind of the valley in rows to a record high 407 00:21:58,720 --> 00:22:02,920 Speaker 2: of eighty five percent after the Gulf War, surged again 408 00:22:02,960 --> 00:22:04,680 Speaker 2: after nine to eleven, but it's been kind of steadily 409 00:22:04,720 --> 00:22:07,200 Speaker 2: dropping since then. The stuff that we talk about every day, 410 00:22:07,320 --> 00:22:11,280 Speaker 2: the policies that someone like Tommy Turberville would call woke 411 00:22:11,359 --> 00:22:14,600 Speaker 2: at the Pentagon, the struggle when it comes to recruitment, 412 00:22:14,760 --> 00:22:18,159 Speaker 2: the struggle to fund. All this stuff comes together together 413 00:22:18,200 --> 00:22:19,400 Speaker 2: in a pretty troubling way here. 414 00:22:19,760 --> 00:22:21,879 Speaker 8: Yeah, to your point about this being the lowest in 415 00:22:21,920 --> 00:22:25,160 Speaker 8: more than two decades since back in nineteen ninety seven, 416 00:22:25,240 --> 00:22:29,119 Speaker 8: so twenty six years. Confidence right now at just sixty percent, 417 00:22:29,200 --> 00:22:31,560 Speaker 8: and it actually hasn't been lower than sixty percent since 418 00:22:31,600 --> 00:22:34,600 Speaker 8: back in nineteen eighty eight when it was fifty eight 419 00:22:34,640 --> 00:22:37,120 Speaker 8: percent and again that goes back to kind of post 420 00:22:37,200 --> 00:22:41,800 Speaker 8: Cold War during Cold War era there, but really really 421 00:22:41,800 --> 00:22:44,439 Speaker 8: interesting and I have to wonder how wartime and not 422 00:22:44,600 --> 00:22:48,000 Speaker 8: wartime factors into this as well, and certainly. 423 00:22:47,680 --> 00:22:51,520 Speaker 2: The way that we wound down things in Afghanistan. Mohammed 424 00:22:51,560 --> 00:22:53,480 Speaker 2: UIs is great to see you, thanks from taking the 425 00:22:53,480 --> 00:22:55,000 Speaker 2: walk over to Bloomberg to see us today. 426 00:22:55,119 --> 00:22:56,639 Speaker 9: It's so great to be here, and to be here 427 00:22:56,640 --> 00:22:58,800 Speaker 9: on a day that's not as hot as well. 428 00:22:58,840 --> 00:23:03,479 Speaker 2: That amen to that. I'm with you there. This is 429 00:23:03,680 --> 00:23:06,760 Speaker 2: quite the trajectory I think we've established here, But then 430 00:23:07,040 --> 00:23:09,280 Speaker 2: it brings us to why what's your thought? 431 00:23:09,720 --> 00:23:12,160 Speaker 9: Absolutely, I think a lot of the things you both 432 00:23:12,280 --> 00:23:15,600 Speaker 9: mentioned are certainly playing a role. The big shift lately 433 00:23:15,680 --> 00:23:19,720 Speaker 9: has been among Republicans, and that really gets more to 434 00:23:19,800 --> 00:23:22,520 Speaker 9: Joe what you were saying at the beginning. This decline 435 00:23:23,240 --> 00:23:25,919 Speaker 9: certainly is part of that natural ebb and flow, and 436 00:23:25,920 --> 00:23:27,840 Speaker 9: it goes back to nineteen seventy five. You can see 437 00:23:27,840 --> 00:23:32,000 Speaker 9: that clearly, major security events and then the national response 438 00:23:32,080 --> 00:23:35,760 Speaker 9: to them tend to really impact people's confidence. So the 439 00:23:35,840 --> 00:23:39,719 Speaker 9: question specifically for our listeners is whether the respondent has 440 00:23:39,760 --> 00:23:42,320 Speaker 9: a great deal or quite a lot of confidence in 441 00:23:42,359 --> 00:23:46,400 Speaker 9: the military, But we also don't just ask about the military. 442 00:23:46,440 --> 00:23:49,360 Speaker 9: We ask that same question about a series of institutions. 443 00:23:49,359 --> 00:23:53,040 Speaker 9: And what's really notable here, in addition to the Republican decline, 444 00:23:53,080 --> 00:23:56,520 Speaker 9: is that this is an institution that's really endured for 445 00:23:57,040 --> 00:24:00,840 Speaker 9: the past two decades at least, as most other national 446 00:24:00,880 --> 00:24:05,720 Speaker 9: institutions were a very consistent and clear decline in terms 447 00:24:05,720 --> 00:24:06,760 Speaker 9: of public confidence. 448 00:24:07,320 --> 00:24:09,000 Speaker 2: So when you see. 449 00:24:08,640 --> 00:24:11,440 Speaker 9: This record low or not record low really but decades 450 00:24:11,520 --> 00:24:16,280 Speaker 9: low level of confidence in the military, it's yes, sure, 451 00:24:16,359 --> 00:24:19,200 Speaker 9: all institutions are in decline. That's kind of what everyone 452 00:24:19,240 --> 00:24:21,920 Speaker 9: says when we release the findings at these polls, whether 453 00:24:21,960 --> 00:24:24,480 Speaker 9: it's the news organization, Well, everyone's in decline, that's right, 454 00:24:24,480 --> 00:24:26,520 Speaker 9: But the military was one that was really holding on 455 00:24:26,720 --> 00:24:30,399 Speaker 9: for a long time, and that's changing, and it's changing quickly. 456 00:24:30,920 --> 00:24:34,040 Speaker 8: So you mentioned the decline in Republicans in particular, does 457 00:24:34,080 --> 00:24:36,440 Speaker 8: that historically track with who is in the White House? 458 00:24:36,480 --> 00:24:39,760 Speaker 8: That if it's a Democratic commander in chief, that then 459 00:24:39,800 --> 00:24:43,320 Speaker 8: the opposite party is less likely to have confidence in 460 00:24:43,359 --> 00:24:45,240 Speaker 8: the military or is there no real correlation? 461 00:24:45,400 --> 00:24:49,760 Speaker 9: Kaylee, always with the best questions, So that's exactly what 462 00:24:49,800 --> 00:24:52,359 Speaker 9: I was literally thinking about walking over here, because What 463 00:24:52,520 --> 00:24:57,600 Speaker 9: has changed is that that partisan tilt has become more pronounced. 464 00:24:58,800 --> 00:25:01,000 Speaker 9: In the previous decades were talking about back to nineteen 465 00:25:01,000 --> 00:25:05,720 Speaker 9: seventy five. Really, up until the Obama administration, a lot 466 00:25:05,720 --> 00:25:08,720 Speaker 9: of our metrics didn't see a really dramatic partisan tilt 467 00:25:08,920 --> 00:25:12,520 Speaker 9: one way or the other. So the question you just asked, Kaylee, 468 00:25:12,560 --> 00:25:14,760 Speaker 9: would really the answer will quickly be like, no, not really. 469 00:25:14,840 --> 00:25:16,720 Speaker 9: People are telling us what they think about the military 470 00:25:16,920 --> 00:25:18,800 Speaker 9: right now, we don't really know because when we look 471 00:25:18,800 --> 00:25:20,879 Speaker 9: at how people assess the economy and a lot of 472 00:25:20,920 --> 00:25:23,720 Speaker 9: these other metrics, we do see a partisan tilt. What'll 473 00:25:23,760 --> 00:25:27,520 Speaker 9: be interesting here is that this Republican decline is happening 474 00:25:27,560 --> 00:25:30,080 Speaker 9: at a time when we have a Democrat at the 475 00:25:30,080 --> 00:25:33,760 Speaker 9: White House. When that changes, if that changes, it'll be 476 00:25:33,800 --> 00:25:36,560 Speaker 9: really interesting to see where the Republicans will be on 477 00:25:36,800 --> 00:25:40,480 Speaker 9: confidence in the military. But I think that's exactly the question. 478 00:25:40,560 --> 00:25:43,320 Speaker 9: How much of this is people responding to Joe Biden's 479 00:25:43,359 --> 00:25:47,000 Speaker 9: leadership as Commander in chief of the military and having 480 00:25:47,000 --> 00:25:49,640 Speaker 9: sort of a partisan view of his role, and how 481 00:25:49,720 --> 00:25:52,480 Speaker 9: much of it is the issues Joe opened up with 482 00:25:52,520 --> 00:25:55,720 Speaker 9: that are very real and visceral issues that both the 483 00:25:55,720 --> 00:25:58,080 Speaker 9: military and military families are dealing with. 484 00:25:58,280 --> 00:26:00,919 Speaker 2: The question you asked. It's important that you told our 485 00:26:00,960 --> 00:26:02,920 Speaker 2: listeners the way you approached this. When you talk about 486 00:26:02,920 --> 00:26:06,200 Speaker 2: the military, how should people define the military? They think 487 00:26:06,240 --> 00:26:10,480 Speaker 2: of the Pentagon over there, that building where things go on. 488 00:26:10,600 --> 00:26:12,600 Speaker 2: We don't understand they spend a lot of money on 489 00:26:12,640 --> 00:26:15,600 Speaker 2: toilet seats and hammers, or is this, you know, the 490 00:26:15,680 --> 00:26:18,280 Speaker 2: soldier who lives next door or the airmen across the street. 491 00:26:18,320 --> 00:26:21,199 Speaker 9: That's an excellent question because another question we ask are 492 00:26:21,240 --> 00:26:25,520 Speaker 9: particularly about those top brass leaders, and what we've learned. 493 00:26:25,520 --> 00:26:27,119 Speaker 9: We didn't ask it this year in this poll, but 494 00:26:27,200 --> 00:26:30,160 Speaker 9: what we've learned historically is that they tend to fare 495 00:26:30,400 --> 00:26:34,639 Speaker 9: much lower than confidence in the institution as a whole. 496 00:26:34,760 --> 00:26:37,480 Speaker 9: We also, you know, this is also a similar dynamic 497 00:26:37,520 --> 00:26:42,560 Speaker 9: with law enforcement organizations and institutions. The police have traditionally 498 00:26:42,640 --> 00:26:46,320 Speaker 9: been very highly rated in terms of public national confidence. 499 00:26:46,359 --> 00:26:50,600 Speaker 9: Certainly in certain communities throughout history they haven't had that rating, 500 00:26:50,920 --> 00:26:54,080 Speaker 9: but on the national level they've really done pretty well. 501 00:26:54,119 --> 00:26:57,199 Speaker 9: Like the military. But before the military's decline was the 502 00:26:57,200 --> 00:27:00,000 Speaker 9: big story, the past few years have been the police's decline, 503 00:27:00,560 --> 00:27:04,040 Speaker 9: and it coincides with also confidence in the FBI and 504 00:27:04,080 --> 00:27:06,960 Speaker 9: the DOJ. So the general rule of thumb, really, Joe, 505 00:27:07,080 --> 00:27:12,439 Speaker 9: is the more national and the more associated adjacent to 506 00:27:12,520 --> 00:27:16,119 Speaker 9: national politics a leader or an institution is in the 507 00:27:16,119 --> 00:27:19,280 Speaker 9: psyche of the public. The worse at fairs in terms 508 00:27:19,280 --> 00:27:22,679 Speaker 9: of national confidence, the more people think about their neighbor 509 00:27:22,720 --> 00:27:26,159 Speaker 9: who's serving, the more those institutions like the military are 510 00:27:26,240 --> 00:27:27,639 Speaker 9: going to have a much higher brand. 511 00:27:27,680 --> 00:27:30,960 Speaker 2: Even Congress plays that way right, like everyone hates on Congress, 512 00:27:30,960 --> 00:27:33,280 Speaker 2: but they don't want to lose their own member of Congress. 513 00:27:33,320 --> 00:27:35,159 Speaker 2: That's been traditional for years. 514 00:27:35,200 --> 00:27:38,000 Speaker 9: Absolutely, and it's the same actually with public schools as well. 515 00:27:38,080 --> 00:27:41,119 Speaker 9: Our public schools failing in America. Public schools suck. What 516 00:27:41,160 --> 00:27:42,480 Speaker 9: about the school your kid goes to? 517 00:27:42,600 --> 00:27:43,240 Speaker 2: The best school? 518 00:27:43,920 --> 00:27:45,680 Speaker 9: Dis Yeah, you should meet missus Curry. 519 00:27:45,720 --> 00:27:46,360 Speaker 6: She's awesome. 520 00:27:47,040 --> 00:27:49,960 Speaker 8: Okay, So obviously we're talking here about how we've seen 521 00:27:49,960 --> 00:27:54,160 Speaker 8: this general decline and confidence against so many American institutions, 522 00:27:54,200 --> 00:27:56,240 Speaker 8: and I just wonder if it's like, is there a 523 00:27:56,320 --> 00:28:00,840 Speaker 8: patriotism overall decline here that we're talking about, because I 524 00:28:00,840 --> 00:28:03,879 Speaker 8: feel like, you know, the American military and then just 525 00:28:04,640 --> 00:28:08,240 Speaker 8: American patriotism patriotism are often very tied together. If it's 526 00:28:08,280 --> 00:28:12,360 Speaker 8: just kind of an America in decline affects American sentiment 527 00:28:12,400 --> 00:28:13,960 Speaker 8: on everything that is affiliated with it. 528 00:28:14,240 --> 00:28:16,960 Speaker 9: Absolutely, and that's such a great question. I hate saying that, 529 00:28:16,960 --> 00:28:18,639 Speaker 9: I'm so sorry. You're never supposed to. 530 00:28:18,600 --> 00:28:20,520 Speaker 2: Say that all day. 531 00:28:21,680 --> 00:28:25,919 Speaker 9: Yes, and absolutely. The key there really is what are 532 00:28:25,920 --> 00:28:29,120 Speaker 9: people thinking about when they think about their American identity? 533 00:28:29,480 --> 00:28:33,040 Speaker 9: And certainly pride in being an American has been is 534 00:28:33,119 --> 00:28:35,359 Speaker 9: at a lull. It's not at a record low, but 535 00:28:35,480 --> 00:28:37,800 Speaker 9: it's definitely has been on the decline and is at 536 00:28:38,120 --> 00:28:41,600 Speaker 9: a relative low. But we asked a series of questions 537 00:28:41,920 --> 00:28:44,800 Speaker 9: about what makes people proud to be an American and 538 00:28:44,840 --> 00:28:46,800 Speaker 9: not proud to be an American. We don't ask it 539 00:28:46,800 --> 00:28:50,920 Speaker 9: that way. But what's really fascinating, Kaylee, is that the 540 00:28:51,000 --> 00:28:58,120 Speaker 9: more people think about things like the economy, opportunity, diversity, 541 00:28:58,200 --> 00:29:01,360 Speaker 9: the more they're much more positive on their country. They're 542 00:29:01,400 --> 00:29:04,520 Speaker 9: more positive on how they feel about being an American, 543 00:29:04,640 --> 00:29:06,320 Speaker 9: They're more likely to say they're very proud to be 544 00:29:06,320 --> 00:29:09,080 Speaker 9: an American, the more they think about literally on that 545 00:29:09,240 --> 00:29:12,000 Speaker 9: very long list of things. The thing that makes a 546 00:29:12,080 --> 00:29:15,960 Speaker 9: majority of Americans not proud to be an American is 547 00:29:16,000 --> 00:29:19,080 Speaker 9: the political system and national politics in the United States. 548 00:29:19,480 --> 00:29:20,440 Speaker 6: So when we. 549 00:29:20,400 --> 00:29:23,280 Speaker 9: Ask you kind of go a little deeper and say, Okay, 550 00:29:23,280 --> 00:29:24,920 Speaker 9: are you proud or not proud? But really, what does 551 00:29:24,960 --> 00:29:27,640 Speaker 9: it mean to you? The more people think about those 552 00:29:27,640 --> 00:29:30,480 Speaker 9: things that are local, like their job, where they work, 553 00:29:30,520 --> 00:29:34,840 Speaker 9: small business endures and continues to be at the top 554 00:29:34,880 --> 00:29:37,880 Speaker 9: of the list and has been for a very long 555 00:29:37,920 --> 00:29:40,920 Speaker 9: time because it's something people can touch and feel, it's 556 00:29:40,960 --> 00:29:44,880 Speaker 9: where they work, it's how they support their families. But 557 00:29:45,040 --> 00:29:46,760 Speaker 9: the more that you kind of move away from that 558 00:29:46,840 --> 00:29:51,160 Speaker 9: and move into the echoes chamber here in Washington, the 559 00:29:51,200 --> 00:29:52,200 Speaker 9: more negative people. 560 00:29:52,000 --> 00:29:56,000 Speaker 2: Get you mentioned the Pentagon or the military quote unquote 561 00:29:56,080 --> 00:30:00,160 Speaker 2: in relation to other institutions. I realize that you I've 562 00:30:00,160 --> 00:30:02,400 Speaker 2: seen a decline here, but how does it compare it 563 00:30:02,480 --> 00:30:06,960 Speaker 2: to other institutions? Following the decline, is there still a separation? 564 00:30:08,160 --> 00:30:11,920 Speaker 9: Yes, compared to other institutions, it is essentially now in 565 00:30:12,080 --> 00:30:15,720 Speaker 9: second place after small business. So we ask about about 566 00:30:15,880 --> 00:30:18,680 Speaker 9: twelve to fifteen institutions a year. At the top of 567 00:30:18,720 --> 00:30:23,560 Speaker 9: that is people expressing confidence in small business. They are 568 00:30:23,680 --> 00:30:27,040 Speaker 9: also much more likely to express confidence than in the 569 00:30:27,080 --> 00:30:29,840 Speaker 9: military and the police. At the bottom of the list 570 00:30:29,920 --> 00:30:36,320 Speaker 9: are things like big business, news organizations, the criminal justice system, 571 00:30:37,520 --> 00:30:41,120 Speaker 9: large technology, companies. So at the top really has been 572 00:30:41,160 --> 00:30:44,800 Speaker 9: the military and small business. And after nine to eleven, 573 00:30:44,800 --> 00:30:48,400 Speaker 9: as you mentioned, Joe, the military was really really at 574 00:30:48,400 --> 00:30:50,360 Speaker 9: that very top of the list. It was around eight 575 00:30:50,400 --> 00:30:53,400 Speaker 9: and ten if not more. Americans on average for several 576 00:30:53,480 --> 00:30:55,120 Speaker 9: years had that view. 577 00:30:55,280 --> 00:30:57,440 Speaker 2: I'm just looking down the list here, Kayley. You just 578 00:30:57,480 --> 00:31:00,720 Speaker 2: have this in front of you. Number fourteen the most 579 00:31:00,720 --> 00:31:03,880 Speaker 2: trusted institutions television news. 580 00:31:04,360 --> 00:31:05,800 Speaker 8: I'll try not to take this personal. 581 00:31:06,000 --> 00:31:14,560 Speaker 2: Fourteen percent, followed by big business and last Mohammad, Congress exactly. 582 00:31:14,920 --> 00:31:17,640 Speaker 2: And there's always someone after us. 583 00:31:18,080 --> 00:31:20,360 Speaker 9: Well, and that's the thing to think about, right, like 584 00:31:20,520 --> 00:31:26,040 Speaker 9: how much of television news is about Congress and how 585 00:31:26,280 --> 00:31:31,440 Speaker 9: much how are people feeling about Congress? No, but you know, 586 00:31:31,760 --> 00:31:33,800 Speaker 9: this is such an important subject because when you really 587 00:31:33,800 --> 00:31:36,600 Speaker 9: think about it, and I totally stole this line from 588 00:31:36,600 --> 00:31:40,800 Speaker 9: my mentor Jim, I know, probably listening, when you really 589 00:31:40,840 --> 00:31:43,960 Speaker 9: think about it, it's hard to imagine the public regaining 590 00:31:44,000 --> 00:31:47,560 Speaker 9: trust in any of those institutions before they regain trust 591 00:31:47,680 --> 00:31:51,160 Speaker 9: in news and the information they get and the institution 592 00:31:51,240 --> 00:31:53,400 Speaker 9: that's supposed to hold those institutions accountable. 593 00:31:53,520 --> 00:31:54,920 Speaker 2: I wish we had more time to do the whole 594 00:31:54,920 --> 00:31:55,720 Speaker 2: hour with Mohammad. 595 00:31:56,800 --> 00:32:00,280 Speaker 1: If you're listening to the Bloomberg Sound On podcast, that's 596 00:32:00,280 --> 00:32:03,960 Speaker 1: the program live weekdays at one Eastern on Bloomberg Radio, 597 00:32:04,120 --> 00:32:06,280 Speaker 1: the tune in app, Bloomberg dot Com, and. 598 00:32:06,240 --> 00:32:07,600 Speaker 6: The Bloomberg Business App. 599 00:32:07,760 --> 00:32:10,600 Speaker 1: You can also listen live on Amazon Alexa from our 600 00:32:10,600 --> 00:32:15,840 Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty. 601 00:32:16,520 --> 00:32:21,080 Speaker 2: Congressman Adam Shift is tweeting day this is a phrase 602 00:32:21,280 --> 00:32:23,360 Speaker 2: the d This is a quote, direct quote. This is 603 00:32:23,400 --> 00:32:25,560 Speaker 2: a phrase that is part of our alexagon. He writes 604 00:32:26,480 --> 00:32:31,040 Speaker 2: as the unforgettable character who first proclaims. 605 00:32:31,520 --> 00:32:33,720 Speaker 6: Those words, Live long and prosper. 606 00:32:33,880 --> 00:32:38,160 Speaker 2: Yes, Leonard Nimoy spuck. Yes, now we know Adam Shift is. 607 00:32:39,280 --> 00:32:41,560 Speaker 2: He was running for Senate. He's a very busy guy. 608 00:32:41,600 --> 00:32:43,880 Speaker 2: He's arguing with Kevin McCarthy Alob, but he's taken the 609 00:32:43,880 --> 00:32:47,560 Speaker 2: time here to write legislation that we create a Leonard 610 00:32:47,680 --> 00:32:52,880 Speaker 2: Nimoy stamp. Yes, Live long and prosper, the Democrat wrote 611 00:32:52,920 --> 00:32:57,480 Speaker 2: in a letter to the Citizens Stamp Advisory Committee. As 612 00:32:57,480 --> 00:32:59,560 Speaker 2: we read about in the Hill, Yes. 613 00:32:59,480 --> 00:33:03,640 Speaker 8: Which very aptly had the headline on this story, lick 614 00:33:03,720 --> 00:33:04,520 Speaker 8: long and prosper. 615 00:33:05,000 --> 00:33:05,600 Speaker 2: It really works. 616 00:33:05,800 --> 00:33:07,760 Speaker 8: It's just a great play with for a long time now. 617 00:33:07,760 --> 00:33:10,320 Speaker 2: I remember when the Elvis stamp came out, Yeah, and 618 00:33:10,360 --> 00:33:12,560 Speaker 2: it was a big thing. Everybody ran out and stood 619 00:33:12,600 --> 00:33:15,120 Speaker 2: in line. I got a sheet of Elvis stamps and 620 00:33:15,200 --> 00:33:17,040 Speaker 2: I couldn't tell you where those are now. 621 00:33:17,720 --> 00:33:19,320 Speaker 8: I thought, maybe they all went out on letters. 622 00:33:19,440 --> 00:33:23,400 Speaker 2: I'll retire on these stamps someday, I thought. But you know, look, 623 00:33:23,440 --> 00:33:27,520 Speaker 2: there's been Ruth Bader Ginsburg, got one, Tony Morrison, as 624 00:33:27,560 --> 00:33:31,320 Speaker 2: I read here, Charlie Chaplin, Charlie Chaplin. Why not Spock 625 00:33:32,480 --> 00:33:35,440 Speaker 2: Leonardiemoy died in twenty fifteen, eighty three years old. I'm 626 00:33:35,480 --> 00:33:39,480 Speaker 2: really thinking that this is a good idea bring Americans together. 627 00:33:39,960 --> 00:33:41,800 Speaker 2: He grew up in the West End of Boston. You know, 628 00:33:41,880 --> 00:33:44,200 Speaker 2: Ret Lease was born in the West End, grew up 629 00:33:44,240 --> 00:33:47,000 Speaker 2: around the back Bay of Boston. So to this day, 630 00:33:47,040 --> 00:33:49,280 Speaker 2: if you go to the Boston Science Museum and see 631 00:33:49,320 --> 00:33:53,160 Speaker 2: an IMAX movie, he reads the intro. It's the voice 632 00:33:53,160 --> 00:33:55,120 Speaker 2: of Spock that echoes through the whole thing, which is 633 00:33:55,200 --> 00:33:55,680 Speaker 2: kind of cool. 634 00:33:55,880 --> 00:33:58,280 Speaker 8: Well, he grew up there, Joe, But as Schiff pointed out, 635 00:33:58,400 --> 00:34:01,720 Speaker 8: he was the son of Ukrainian immigrants. Yes, and serves 636 00:34:01,760 --> 00:34:04,480 Speaker 8: as a quote example of the American dream. 637 00:34:04,920 --> 00:34:06,880 Speaker 2: He's found a lot of reasons to make a Leonard 638 00:34:06,880 --> 00:34:11,440 Speaker 2: de moy stamp here, obviously, to go where no congressman 639 00:34:11,480 --> 00:34:17,280 Speaker 2: has gone before. Thanks for listening to The Sound on Podcast. 640 00:34:17,320 --> 00:34:20,440 Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify, 641 00:34:20,520 --> 00:34:22,960 Speaker 2: and anywhere else you get your podcasts. And you can 642 00:34:22,960 --> 00:34:25,920 Speaker 2: find us live every weekday from Washington, DC at one 643 00:34:26,000 --> 00:34:31,000 Speaker 2: pm Eastern Time at Bloomberg dot com.