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 --> 00:00:06,479 Speaker 1: live weekdays at one Eastern. 3 00:00:06,160 --> 00:00:09,360 Speaker 2: On Bloomberg dot com, the iHeartRadio app and the Bloomberg 4 00:00:09,400 --> 00:00:13,840 Speaker 2: Business app, or listen on demand wherever you get your podcast. 5 00:00:13,880 --> 00:00:16,320 Speaker 3: Don Byer, he's with us now. I can't imagine how 6 00:00:16,320 --> 00:00:19,600 Speaker 3: long it's been. The congressman from Virginia's eighth district serves 7 00:00:19,600 --> 00:00:22,079 Speaker 3: on the Ways and Means Committee, the Joint Economic Committee, 8 00:00:22,280 --> 00:00:24,400 Speaker 3: and if you live anywhere in the Washington, DC area, 9 00:00:24,840 --> 00:00:27,600 Speaker 3: you know the name just from the dealerships. Congressman. It's 10 00:00:27,600 --> 00:00:31,120 Speaker 3: great to have you back. The two questions everyone is asking, 11 00:00:31,160 --> 00:00:33,160 Speaker 3: which ought to say a lot about the state of things. 12 00:00:33,680 --> 00:00:35,400 Speaker 3: Is the government going to shut down? And is Kevin 13 00:00:35,440 --> 00:00:38,080 Speaker 3: McCarthy going to get fired? You you want to take 14 00:00:38,080 --> 00:00:38,920 Speaker 3: a stab at either? 15 00:00:39,520 --> 00:00:41,520 Speaker 4: Those were good, by the way, I thought the interview 16 00:00:41,560 --> 00:00:46,680 Speaker 4: with Megan Scully was great. She's very good insights and 17 00:00:46,880 --> 00:00:48,760 Speaker 4: I don't want to repeat everything as she said, but 18 00:00:48,840 --> 00:00:50,120 Speaker 4: she was right on the button. 19 00:00:50,479 --> 00:00:51,120 Speaker 5: At the challenge. 20 00:00:51,120 --> 00:00:53,920 Speaker 4: I do think though, that we Democrats in the minority 21 00:00:53,920 --> 00:00:56,520 Speaker 4: in the House will have work to do. Among other things, 22 00:00:56,600 --> 00:00:59,720 Speaker 4: we're going to have to really amplify and get the 23 00:00:59,720 --> 00:01:03,080 Speaker 4: mess out that a MAGA shutdown will be terrible for 24 00:01:03,160 --> 00:01:05,959 Speaker 4: the country, terrible for federal workers, terrible for all the 25 00:01:06,000 --> 00:01:09,399 Speaker 4: things the government does for the American people every single day. 26 00:01:10,400 --> 00:01:12,119 Speaker 5: And I also think you. 27 00:01:12,080 --> 00:01:15,440 Speaker 4: Know, as as you have talked Joe, that Kevin's going 28 00:01:15,440 --> 00:01:17,560 Speaker 4: to Kevin McCarthy. Speaker McCarthy is going to have to 29 00:01:17,560 --> 00:01:20,200 Speaker 4: find a bipartisan deal to do this, which means he's 30 00:01:20,200 --> 00:01:23,360 Speaker 4: going to need at least as many Democrats to vote 31 00:01:23,400 --> 00:01:27,200 Speaker 4: for this continued resolution as the Freedom Caucus members that 32 00:01:27,240 --> 00:01:29,640 Speaker 4: he loses on the Republican side. 33 00:01:29,840 --> 00:01:31,440 Speaker 6: Do you talk to Speaker McCarthy? 34 00:01:32,280 --> 00:01:35,000 Speaker 3: Does he speak, you know a lot with Democrats? Do 35 00:01:35,040 --> 00:01:37,679 Speaker 3: you have a relationship with his office or do you 36 00:01:37,720 --> 00:01:40,119 Speaker 3: really feel like you're you're reading about this in the news? 37 00:01:40,360 --> 00:01:40,600 Speaker 5: No? 38 00:01:40,600 --> 00:01:42,840 Speaker 4: No, Well, I have not talked to him during this 39 00:01:43,319 --> 00:01:45,880 Speaker 4: very long break. I think Arsen will be forty eight 40 00:01:45,840 --> 00:01:48,600 Speaker 4: to forty nine days. It's the longest breaking money fire. 41 00:01:49,200 --> 00:01:53,320 Speaker 4: It's weird and not good. I talked to the Speaker 42 00:01:53,320 --> 00:01:56,760 Speaker 4: a number of times. Is friendly relationship, but but you know, 43 00:01:56,880 --> 00:02:01,000 Speaker 4: I'm not the Democratic leader, and I think his conversations 44 00:02:01,000 --> 00:02:04,400 Speaker 4: with Hakeem Jefferies and Catherine Clark are the really important ones, 45 00:02:04,720 --> 00:02:07,680 Speaker 4: and I am pleased that they seem to get along 46 00:02:07,720 --> 00:02:09,640 Speaker 4: pretty well, and we're gonna need them. 47 00:02:09,639 --> 00:02:11,280 Speaker 5: The country is going to need them to get along. 48 00:02:12,520 --> 00:02:15,919 Speaker 4: The key, Joe, I think is if Speaker does the 49 00:02:16,040 --> 00:02:19,640 Speaker 4: right thing, does not let himself be held hostage by 50 00:02:19,639 --> 00:02:24,240 Speaker 4: the Freedom Caucus, he can easily get you say, one 51 00:02:24,320 --> 00:02:27,040 Speaker 4: hundred and ninety or two hundred Republicans to vote for 52 00:02:27,080 --> 00:02:30,200 Speaker 4: a continued resolution, and enough Democrats. 53 00:02:29,639 --> 00:02:31,720 Speaker 5: Maybe all of them, but at least the eighteen or 54 00:02:31,760 --> 00:02:33,360 Speaker 5: twenty to get it passed. 55 00:02:33,600 --> 00:02:36,640 Speaker 4: The question then, is will the Freedom Caucus pull the 56 00:02:36,639 --> 00:02:39,239 Speaker 4: trigger on this so called mostion to vacate the chair, 57 00:02:40,160 --> 00:02:43,280 Speaker 4: which is basically a vote of no confidence in the Speaker, 58 00:02:43,320 --> 00:02:46,280 Speaker 4: which could have him lose the speakership in a worst 59 00:02:46,320 --> 00:02:48,440 Speaker 4: case for him, And I think that would be a 60 00:02:48,520 --> 00:02:49,600 Speaker 4: terrible thing for the country. 61 00:02:49,760 --> 00:02:50,800 Speaker 5: But that's something that he Well. 62 00:02:50,880 --> 00:02:52,920 Speaker 3: I'm sure you're not probably getting drinks a lot with 63 00:02:53,000 --> 00:02:55,120 Speaker 3: Chip Roy and Andy Biggs in company, But what are 64 00:02:55,120 --> 00:02:56,760 Speaker 3: you hearing about that is this real talk? 65 00:02:56,800 --> 00:02:59,079 Speaker 6: Do they actually make that move or does it depend 66 00:02:59,160 --> 00:03:00,720 Speaker 6: on what's inside the c. 67 00:03:00,840 --> 00:03:03,040 Speaker 5: Are somewhat depends. 68 00:03:03,080 --> 00:03:05,000 Speaker 4: I think the three or four things that they're asking 69 00:03:05,040 --> 00:03:09,239 Speaker 4: for are non starters for all the Democrats and most 70 00:03:09,280 --> 00:03:12,320 Speaker 4: of the moderate and sensible Republicans. You know, they're asking 71 00:03:12,360 --> 00:03:15,600 Speaker 4: for things that, you know, like basically slashing the budgets 72 00:03:15,600 --> 00:03:19,160 Speaker 4: of the Department of Justice and the FBI. This from 73 00:03:20,040 --> 00:03:26,080 Speaker 4: supposedly that the law enforcement folks. It's just craziness. But 74 00:03:26,240 --> 00:03:29,119 Speaker 4: I also know that Chip Roy and some of those 75 00:03:29,160 --> 00:03:32,400 Speaker 4: guys are Andy Biggs. They are true believers. They're not 76 00:03:32,639 --> 00:03:36,320 Speaker 4: just out about raising money for their campaigns. And because 77 00:03:36,320 --> 00:03:39,440 Speaker 4: they're true believers, they're not intended, not likely to compromise. 78 00:03:40,080 --> 00:03:42,040 Speaker 3: I'll add another name here. I don't know if you'd 79 00:03:42,080 --> 00:03:44,680 Speaker 3: refer to Marjorie Taylor Green as a true believer. She 80 00:03:44,760 --> 00:03:46,640 Speaker 3: was thrown out of the Freedom Caucus, so maybe not. 81 00:03:46,720 --> 00:03:49,680 Speaker 3: But she's floating this idea. She's not the only one 82 00:03:49,760 --> 00:03:53,880 Speaker 3: that we actually tie government funding with a vote on 83 00:03:53,920 --> 00:03:57,280 Speaker 3: an impeachment inquiry or just the fact that there would 84 00:03:57,320 --> 00:04:00,800 Speaker 3: be an impeachment inquiry into Joe Biden. Is that actually 85 00:04:00,880 --> 00:04:02,400 Speaker 3: going to is that what this comes down, We're going 86 00:04:02,480 --> 00:04:05,160 Speaker 3: to unlock government funding based on an impeachment inquiry. 87 00:04:06,440 --> 00:04:09,880 Speaker 4: Well, first of all, that's really stupid politics, and maybe 88 00:04:09,920 --> 00:04:12,840 Speaker 4: good politics, and Marjorie Green's Northern Georgia district. 89 00:04:12,840 --> 00:04:14,000 Speaker 5: But everywhere else. 90 00:04:14,680 --> 00:04:16,400 Speaker 4: All that would do would be to pump up Joe 91 00:04:16,440 --> 00:04:19,160 Speaker 4: Biden distract us from the real work of government. They 92 00:04:19,200 --> 00:04:21,760 Speaker 4: have yet to turn up a single fact that would 93 00:04:21,800 --> 00:04:23,400 Speaker 4: justify any kind of impeachment. 94 00:04:24,560 --> 00:04:26,040 Speaker 5: It's you know, the thought. 95 00:04:25,839 --> 00:04:29,280 Speaker 4: That Marjorie Taylor Green had been sort of on Kevin 96 00:04:29,320 --> 00:04:32,039 Speaker 4: McCarthy's side, got thrown out of the Freedmam Caucus. His 97 00:04:32,120 --> 00:04:34,279 Speaker 4: puts her right back into the crazy group when it 98 00:04:34,320 --> 00:04:36,480 Speaker 4: looked like maybe there was a chance that she was 99 00:04:36,520 --> 00:04:37,320 Speaker 4: starting to grow up. 100 00:04:39,160 --> 00:04:40,560 Speaker 6: We I wonder if the Speaker is going to do 101 00:04:40,600 --> 00:04:40,840 Speaker 6: with though. 102 00:04:40,839 --> 00:04:43,120 Speaker 3: I mean, Kevin McCarthy's been talking about impeachment every time 103 00:04:43,120 --> 00:04:45,960 Speaker 3: he's in front of a camera lately, and it's difficult 104 00:04:45,960 --> 00:04:48,080 Speaker 3: to tell what direction that would go in. But if 105 00:04:48,839 --> 00:04:51,960 Speaker 3: he can keep the government running based on that equation, 106 00:04:52,040 --> 00:04:52,359 Speaker 3: why not. 107 00:04:53,600 --> 00:04:56,000 Speaker 5: Yeah. And although. 108 00:04:57,160 --> 00:04:59,039 Speaker 4: I think he understands though, that if he wants to 109 00:04:59,080 --> 00:05:01,920 Speaker 4: hand the House right back to the Democrats in fourteen months, 110 00:05:02,200 --> 00:05:05,160 Speaker 4: impeachmentth's the way to do it. And you know, I 111 00:05:05,800 --> 00:05:08,120 Speaker 4: think the Speaker's in a hard place because he has to, 112 00:05:09,760 --> 00:05:12,159 Speaker 4: you know, give lip service and seem to be doing 113 00:05:12,160 --> 00:05:14,839 Speaker 4: his best on the impeachment for the ninety ones in 114 00:05:14,880 --> 00:05:15,480 Speaker 4: his caucaus. 115 00:05:15,520 --> 00:05:17,400 Speaker 5: At the same time, I'm sure he does not want 116 00:05:17,400 --> 00:05:17,960 Speaker 5: this to happen. 117 00:05:18,279 --> 00:05:18,880 Speaker 7: Yeah right. 118 00:05:19,880 --> 00:05:22,480 Speaker 3: I got to ask you about politics in Virginia. Every 119 00:05:22,560 --> 00:05:25,040 Speaker 3: time I look at a national political story, all roads 120 00:05:25,040 --> 00:05:28,119 Speaker 3: seem to lead to your state congressman, whether we're talking 121 00:05:28,160 --> 00:05:31,839 Speaker 3: about Abigail Spanberger, your colleague in the House, potentially running 122 00:05:31,839 --> 00:05:34,599 Speaker 3: for governor. More often, though, I hear about Glenn Youngkin 123 00:05:35,040 --> 00:05:37,240 Speaker 3: and how he may have created a national model for 124 00:05:37,320 --> 00:05:40,800 Speaker 3: Republicans here in a post Trump world, if we are 125 00:05:40,839 --> 00:05:42,640 Speaker 3: in one. It doesn't feel like it at the moment. 126 00:05:43,000 --> 00:05:47,000 Speaker 3: But could you see Governor Youngkin following the legislative session 127 00:05:47,160 --> 00:05:49,360 Speaker 3: actually swooping in late in the game here to run 128 00:05:49,360 --> 00:05:49,880 Speaker 3: for president. 129 00:05:50,520 --> 00:05:52,920 Speaker 4: Yes, And in fact, I think the big Virginia worry 130 00:05:54,080 --> 00:05:57,760 Speaker 4: is that if if the governor with his very deep 131 00:05:57,800 --> 00:06:00,960 Speaker 4: pockets and his friends with very deep hooks, because throws 132 00:06:01,000 --> 00:06:03,360 Speaker 4: too much money at the Virginia General Assembly, races at 133 00:06:03,360 --> 00:06:07,760 Speaker 4: the end and somehow he flips the Virginia Senate and 134 00:06:07,839 --> 00:06:09,800 Speaker 4: keeps the House, you know, we would expect him to 135 00:06:09,800 --> 00:06:12,400 Speaker 4: be a presidential candidate the next day. And of course 136 00:06:12,440 --> 00:06:15,880 Speaker 4: we're terrified that if he somehow got the trifecta, you know, 137 00:06:15,960 --> 00:06:18,080 Speaker 4: by by next March, Virginia would be Florida. 138 00:06:18,839 --> 00:06:25,479 Speaker 5: Do he do all the evil things that Florida? 139 00:06:25,880 --> 00:06:28,240 Speaker 4: And we're the southernmost state that still is preserved a 140 00:06:28,240 --> 00:06:30,200 Speaker 4: woman's right to reproductive freedom, and. 141 00:06:30,160 --> 00:06:32,000 Speaker 5: I know he Glen Young would change that right away 142 00:06:32,000 --> 00:06:32,760 Speaker 5: if he had to vote. 143 00:06:32,800 --> 00:06:35,159 Speaker 4: So we're all in on making sure that we keep 144 00:06:35,160 --> 00:06:37,680 Speaker 4: the Senate and flip the Virginia House and try to 145 00:06:37,720 --> 00:06:38,240 Speaker 4: stop the Young. 146 00:06:38,440 --> 00:06:40,680 Speaker 3: That's what we're talking when you say evil things though 147 00:06:40,720 --> 00:06:42,320 Speaker 3: you're talking about abortion policy. 148 00:06:42,760 --> 00:06:44,960 Speaker 6: Did I understand you're not. 149 00:06:44,839 --> 00:06:48,640 Speaker 4: Being able to teach controversial subjects? No Holocaust, no slavery. 150 00:06:49,839 --> 00:06:52,880 Speaker 4: You know a lot of the stuff going after trans 151 00:06:52,960 --> 00:06:58,320 Speaker 4: kids just generally hostile to so many of the people 152 00:06:58,360 --> 00:07:00,920 Speaker 4: who live, work, love and and. 153 00:07:00,880 --> 00:07:02,320 Speaker 6: By the way, was a heck of a word. 154 00:07:02,240 --> 00:07:04,160 Speaker 5: To overblow the youngin phenomenon. 155 00:07:04,480 --> 00:07:06,640 Speaker 4: He won the election with less than fifty one percent 156 00:07:06,640 --> 00:07:11,360 Speaker 4: of the votes after Governor mccalloff made, you know, a 157 00:07:11,440 --> 00:07:15,000 Speaker 4: singular mistake in a debate about Paris not being involved 158 00:07:15,000 --> 00:07:15,840 Speaker 4: in the kids' education. 159 00:07:16,320 --> 00:07:18,960 Speaker 5: Absent that twenty seconds, he never would have been governor. 160 00:07:19,320 --> 00:07:21,520 Speaker 3: That's something that's the name of the game in politics, 161 00:07:21,560 --> 00:07:23,760 Speaker 3: which is why I don't know how anyone could make 162 00:07:23,800 --> 00:07:25,120 Speaker 3: a living doing this. 163 00:07:25,200 --> 00:07:26,200 Speaker 6: To be honest with you. 164 00:07:26,480 --> 00:07:28,720 Speaker 3: I have to ask a car guy about what's going 165 00:07:28,760 --> 00:07:33,320 Speaker 3: on in Detroit. Well, a lot of people outside of 166 00:07:33,320 --> 00:07:35,640 Speaker 3: this area might not realize that you made a living 167 00:07:36,120 --> 00:07:39,600 Speaker 3: in the car business as a very successful car dealer. 168 00:07:39,600 --> 00:07:42,480 Speaker 3: And I wonder your thoughts on this conversation with the 169 00:07:42,560 --> 00:07:45,360 Speaker 3: uaw A thirty two percent or I believe it's a 170 00:07:45,400 --> 00:07:49,520 Speaker 3: forty percent increase in wages over the length of the contract, 171 00:07:49,800 --> 00:07:52,200 Speaker 3: thirty two day work week. They're asking for things that 172 00:07:52,240 --> 00:07:54,160 Speaker 3: these companies are clearly not going to be able to give. 173 00:07:54,200 --> 00:07:57,720 Speaker 3: When you look at Ford and GM, some very strong 174 00:07:57,800 --> 00:08:00,000 Speaker 3: language coming out of the union after the deal made 175 00:08:00,160 --> 00:08:02,840 Speaker 3: with the UPS and the teamsters, don Byer, what do 176 00:08:02,880 --> 00:08:04,680 Speaker 3: you think happens? Are we in for an auto strike 177 00:08:04,720 --> 00:08:05,360 Speaker 3: in this country? 178 00:08:05,840 --> 00:08:09,360 Speaker 5: Well, I sure hope not. I know the language is strong. 179 00:08:09,480 --> 00:08:13,040 Speaker 5: I know you know, Joe, when you go. 180 00:08:13,040 --> 00:08:15,200 Speaker 4: To sell a car, you try to start at list price, 181 00:08:15,240 --> 00:08:17,400 Speaker 4: no matter where you end up. And it sounds like 182 00:08:17,400 --> 00:08:19,240 Speaker 4: that's what the union has done, is they started with 183 00:08:19,280 --> 00:08:22,480 Speaker 4: a very high manufacturer suggested retail. 184 00:08:22,960 --> 00:08:26,520 Speaker 5: Agreement and they have to be ready to negotiate it down. 185 00:08:26,960 --> 00:08:30,520 Speaker 4: By the way, this administration, Joe Biden and his folks 186 00:08:30,680 --> 00:08:32,960 Speaker 4: have done a really good job of intervening. 187 00:08:32,480 --> 00:08:35,000 Speaker 5: Again and again, you know, on the long storemen, on 188 00:08:35,040 --> 00:08:35,679 Speaker 5: the ups. 189 00:08:36,640 --> 00:08:38,560 Speaker 4: I certainly expect that we will see the White House 190 00:08:38,600 --> 00:08:41,880 Speaker 4: intervening to make sure that they don't strike against the 191 00:08:41,880 --> 00:08:42,480 Speaker 4: Big three. 192 00:08:42,600 --> 00:08:44,000 Speaker 6: Would that actually take care of it? 193 00:08:44,040 --> 00:08:48,960 Speaker 3: They did not intervene when requested in the Yellow trucking situation, 194 00:08:49,040 --> 00:08:51,440 Speaker 3: and I realized that company may have had its own issues. 195 00:08:51,480 --> 00:08:53,079 Speaker 6: This one's worth it though, you think. 196 00:08:53,280 --> 00:08:55,560 Speaker 4: Now, it's definitely worth it, And the autoworkers have been 197 00:08:55,600 --> 00:08:57,960 Speaker 4: strong supporters of Biden in the past. 198 00:08:58,840 --> 00:09:01,320 Speaker 5: But the last thing to do, especially. 199 00:09:01,040 --> 00:09:03,960 Speaker 4: After all the inflation that affected new cars and used 200 00:09:03,960 --> 00:09:06,480 Speaker 4: cars in the last couple of years, yeah, we would 201 00:09:06,480 --> 00:09:09,040 Speaker 4: to look at supply shortages again and driving up prices. 202 00:09:09,120 --> 00:09:11,079 Speaker 5: That'd be a terrible thing for the American consumer. 203 00:09:11,160 --> 00:09:12,360 Speaker 3: Next time you come on, I want to ask you 204 00:09:12,360 --> 00:09:14,600 Speaker 3: about AI and the role that it will be playing, 205 00:09:14,640 --> 00:09:17,160 Speaker 3: not only in these negotiations, but the future of the 206 00:09:17,200 --> 00:09:20,120 Speaker 3: auto industry. We spend so much time talking weapons, Congressman, 207 00:09:20,160 --> 00:09:22,480 Speaker 3: it's all around us, and I want to thank you 208 00:09:22,520 --> 00:09:24,760 Speaker 3: for being with us on our first big day on YouTube. 209 00:09:24,800 --> 00:09:28,360 Speaker 3: Congressman Don Byer, the Democrat from Virginia with us here 210 00:09:28,440 --> 00:09:30,600 Speaker 3: on sound on Many Thanks to you. I'm Joe Matthew 211 00:09:30,640 --> 00:09:32,520 Speaker 3: in Washington with a lot more to talk about. 212 00:09:33,600 --> 00:09:36,960 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 213 00:09:37,000 --> 00:09:40,880 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 214 00:09:40,960 --> 00:09:44,280 Speaker 1: tune in alf, Bloomberg dot Com, and the Bloomberg Business App. 215 00:09:44,400 --> 00:09:47,280 Speaker 1: You can also listen live on Amazon Alexa from our 216 00:09:47,280 --> 00:09:53,080 Speaker 1: flagship New York station, Just Say Alexa Play Bloomberg eleven thirty. 217 00:09:53,160 --> 00:09:56,760 Speaker 3: Mick mulvaney joins former OMB director I could do all 218 00:09:56,800 --> 00:10:00,880 Speaker 3: the formers, a former staff, former member of Congress, former 219 00:10:01,200 --> 00:10:02,640 Speaker 3: well co founder of the Freedom Cacus. 220 00:10:02,679 --> 00:10:03,400 Speaker 7: That part never goes away. 221 00:10:03,400 --> 00:10:04,200 Speaker 6: It's good to see you think. 222 00:10:04,120 --> 00:10:05,600 Speaker 8: Am I supposed to look at you? Am I supposed 223 00:10:05,600 --> 00:10:06,800 Speaker 8: to look at Yeah? I guess we just look at 224 00:10:06,800 --> 00:10:07,480 Speaker 8: each other radio. 225 00:10:07,600 --> 00:10:10,319 Speaker 3: I'm still practicing this myself now. I guess if you're 226 00:10:10,679 --> 00:10:12,679 Speaker 3: I'm at show in them of course. Indeed, one of 227 00:10:12,760 --> 00:10:15,360 Speaker 3: my favorites of the early days of CNB. I guess 228 00:10:15,400 --> 00:10:18,880 Speaker 3: another trailblazer on getting radio on TV or something like that. 229 00:10:19,200 --> 00:10:20,560 Speaker 9: Yeah, what about my posture. 230 00:10:20,600 --> 00:10:22,920 Speaker 3: Where about my Honestly, yeah, it's really it's a little 231 00:10:22,920 --> 00:10:23,600 Speaker 3: bit stressful here. 232 00:10:23,679 --> 00:10:26,120 Speaker 6: I appreciate your being. I'd be all alone without you, Mick. 233 00:10:26,880 --> 00:10:28,160 Speaker 9: We both have faces for radio. 234 00:10:28,280 --> 00:10:31,160 Speaker 6: Well, let's find out together what's going on. I guess 235 00:10:31,200 --> 00:10:31,520 Speaker 6: a lot. 236 00:10:31,800 --> 00:10:35,040 Speaker 3: I keep hearing about this awful September that Speaker McCarthy 237 00:10:35,320 --> 00:10:36,120 Speaker 3: has to prepare for. 238 00:10:36,240 --> 00:10:36,520 Speaker 6: Here. 239 00:10:36,559 --> 00:10:39,440 Speaker 3: You've you've obviously been here. You come back from Labor Day. 240 00:10:39,880 --> 00:10:42,400 Speaker 3: Everybody's been gone for over a month of Marston parades 241 00:10:42,440 --> 00:10:44,560 Speaker 3: last weekend. But there's some in this case, some really 242 00:10:44,559 --> 00:10:46,559 Speaker 3: difficult decisions that need to be made, a tough debate 243 00:10:46,559 --> 00:10:50,080 Speaker 3: over funding the government, and I'm hearing motion to vacate again. 244 00:10:50,120 --> 00:10:51,679 Speaker 3: I don't know if that's real or not. But how 245 00:10:51,720 --> 00:10:53,600 Speaker 3: difficult is September going to be for Kevin? 246 00:10:54,360 --> 00:10:56,679 Speaker 9: It's difficult in a variety of ways. What a lot 247 00:10:56,679 --> 00:10:59,160 Speaker 9: of folks don't realize is that August. 248 00:10:59,720 --> 00:11:02,280 Speaker 8: Is really strange for members in Congress. They typically don't 249 00:11:02,280 --> 00:11:05,040 Speaker 8: talk much to each other. We always think, oh, it's 250 00:11:05,040 --> 00:11:07,000 Speaker 8: so easy to talk to each other and communicate, you text, 251 00:11:07,040 --> 00:11:07,360 Speaker 8: you do it. 252 00:11:07,360 --> 00:11:07,960 Speaker 9: No, it's right. 253 00:11:08,320 --> 00:11:10,640 Speaker 8: They spread to the four corners literally of the world. 254 00:11:10,640 --> 00:11:11,959 Speaker 8: I mean they go all around the world. I was 255 00:11:12,000 --> 00:11:12,559 Speaker 8: in Italy and. 256 00:11:12,480 --> 00:11:14,320 Speaker 9: Bumped into a couple of them. 257 00:11:14,480 --> 00:11:18,439 Speaker 8: So there's not a lot of coordination in August as 258 00:11:18,440 --> 00:11:21,679 Speaker 8: to what's going to happen in September. So the leadership 259 00:11:21,720 --> 00:11:23,679 Speaker 8: team has been working and what's going to happen in September, 260 00:11:23,679 --> 00:11:26,280 Speaker 8: But the ordinary members have been off doing whatever they 261 00:11:26,320 --> 00:11:28,959 Speaker 8: do in August. So you come back after not having 262 00:11:29,000 --> 00:11:31,200 Speaker 8: a lot of communication and boom, now you're stuck with 263 00:11:31,240 --> 00:11:32,760 Speaker 8: each other for I think they're here three or four 264 00:11:32,760 --> 00:11:34,920 Speaker 8: weeks in September, maybe all of September, how about that, 265 00:11:35,440 --> 00:11:36,679 Speaker 8: And they've got a bunch of stuff to do. I 266 00:11:36,720 --> 00:11:39,520 Speaker 8: think the government shutdown is a big one. The potential 267 00:11:41,160 --> 00:11:44,160 Speaker 8: impeachment proceedings would be another thing. But of course I'm 268 00:11:44,160 --> 00:11:46,040 Speaker 8: also hearing about the motion to vacate the chair as well, 269 00:11:46,120 --> 00:11:46,880 Speaker 8: so that is real. 270 00:11:46,920 --> 00:11:49,280 Speaker 3: It's not that we're reminded of this so we can 271 00:11:49,320 --> 00:11:51,800 Speaker 3: talk about it in the media. And this is it 272 00:11:51,880 --> 00:11:53,920 Speaker 3: just select members of the Freedom CAUCU is talking about this, 273 00:11:54,000 --> 00:11:56,160 Speaker 3: or is it the brad Republican Conference saying wait a minute, 274 00:11:56,160 --> 00:11:58,040 Speaker 3: if this doesn't work out, we're gonna have to talk 275 00:11:58,080 --> 00:11:59,080 Speaker 3: again about a news speaker. 276 00:11:59,120 --> 00:12:01,400 Speaker 8: No it's never been the auto Republican conference. It's always 277 00:12:01,440 --> 00:12:04,280 Speaker 8: been sort of a rump group within the Freedom Caucus. 278 00:12:04,320 --> 00:12:06,760 Speaker 8: And that's sort of what it grates on me and people. So, oh, 279 00:12:06,760 --> 00:12:08,480 Speaker 8: it's a Freedom Caucus uprising, O, what is it? The 280 00:12:08,480 --> 00:12:12,280 Speaker 8: Freedom Caucus? Don't they don't publish their members. We think 281 00:12:12,320 --> 00:12:14,880 Speaker 8: they have thirty or forty members, and it was what 282 00:12:15,280 --> 00:12:18,200 Speaker 8: a dozen or so that gave Kevin difficulties back in January, 283 00:12:18,240 --> 00:12:19,640 Speaker 8: and he's trying to get sworn in. So this is 284 00:12:19,640 --> 00:12:22,840 Speaker 8: not a freedom Caucus movement. Jim Jordan is in the 285 00:12:22,840 --> 00:12:25,920 Speaker 8: Freedom Caucus. He's very firmly in McCarthy's camp. So it's 286 00:12:25,960 --> 00:12:28,280 Speaker 8: not a freedom cause thing. It's a subgroup of that, 287 00:12:28,520 --> 00:12:31,520 Speaker 8: but it's definitely real within that, especially when the margin 288 00:12:31,600 --> 00:12:33,800 Speaker 8: is only what four or five votes in the House, 289 00:12:33,840 --> 00:12:37,760 Speaker 8: any four or five members sort of hold that sort 290 00:12:37,800 --> 00:12:39,640 Speaker 8: of demically is over at Kevin McCarthy's head. 291 00:12:39,640 --> 00:12:40,840 Speaker 7: That's pretty remarkable. 292 00:12:41,640 --> 00:12:44,400 Speaker 3: We're talking about a continuing resolution, so we don't have 293 00:12:44,440 --> 00:12:46,480 Speaker 3: a shutdown when we roll into October, but that would 294 00:12:46,480 --> 00:12:49,720 Speaker 3: only buy so much time. Apparently Speaker McCarthy's made clear 295 00:12:49,720 --> 00:12:51,560 Speaker 3: he doesn't want to be bumping up against the holidays 296 00:12:51,600 --> 00:12:53,439 Speaker 3: and having a you know, of course, we're very used 297 00:12:53,440 --> 00:12:55,679 Speaker 3: to doing that. What's your thought, though, I mean, we 298 00:12:55,960 --> 00:13:00,880 Speaker 3: seem to be guaranteeing ourselves a shutdown. Is it actually inevitable? 299 00:13:00,920 --> 00:13:02,800 Speaker 8: Do you remember the ads for Ivory soap when we 300 00:13:02,800 --> 00:13:05,680 Speaker 8: were little sure ninety nine point forty four one hundreds 301 00:13:05,679 --> 00:13:08,440 Speaker 8: pure that's sort of my odds on a government shutdown. 302 00:13:08,920 --> 00:13:10,280 Speaker 9: Oh, it is, and it is. And keep in mind, 303 00:13:10,280 --> 00:13:12,360 Speaker 9: a government shutdown is not that big a deal. 304 00:13:12,440 --> 00:13:13,640 Speaker 8: That's one of the things I learned when I ran 305 00:13:13,679 --> 00:13:16,040 Speaker 8: the OMB, because you know, I had participated in more 306 00:13:16,080 --> 00:13:18,320 Speaker 8: than one government shutdown in my day in Congress. And 307 00:13:18,360 --> 00:13:20,280 Speaker 8: then I end up at the Office of Management Budget 308 00:13:20,320 --> 00:13:22,120 Speaker 8: and they start talking about another shutdown, and they come 309 00:13:22,160 --> 00:13:23,640 Speaker 8: to me and they go, you know, you run a shutdown. 310 00:13:23,679 --> 00:13:26,240 Speaker 8: I'm like, I'm sorry, what the director of the Office 311 00:13:26,240 --> 00:13:28,400 Speaker 8: of Managed Budget runs a shutdown? In fact, I actually 312 00:13:28,400 --> 00:13:31,120 Speaker 8: signed the document shutting the government down. And that's when 313 00:13:31,120 --> 00:13:34,600 Speaker 8: you realize it's not that big a deal. It can 314 00:13:34,679 --> 00:13:36,800 Speaker 8: be manipulated to look like it's a big deal. You 315 00:13:36,840 --> 00:13:39,319 Speaker 8: can manipulate it to close certain things, to close the 316 00:13:39,400 --> 00:13:41,760 Speaker 8: national parks, you close the mindments here in Washington, d 317 00:13:41,840 --> 00:13:44,840 Speaker 8: c all the big, high profile stuff, but generally speaking, 318 00:13:44,840 --> 00:13:47,160 Speaker 8: most of the government continues to run, and the OMB 319 00:13:47,280 --> 00:13:49,920 Speaker 8: director has a lot of say over what government continues 320 00:13:49,960 --> 00:13:52,240 Speaker 8: to run and what doesn't, so it doesn't have to 321 00:13:52,280 --> 00:13:54,120 Speaker 8: be the end of the world. I had a conversation 322 00:13:54,160 --> 00:13:56,120 Speaker 8: with some freem Caucus members over the break. Then they 323 00:13:56,160 --> 00:13:58,800 Speaker 8: asked me, said, you know why we you know, why 324 00:13:58,800 --> 00:14:00,600 Speaker 8: were you against us on Kevin and and the debt ceiling. 325 00:14:00,640 --> 00:14:02,480 Speaker 8: I'm like, you didn't have a plan on Kevin and 326 00:14:02,559 --> 00:14:04,000 Speaker 8: Vin was the only person with the votes. You're never 327 00:14:04,040 --> 00:14:06,320 Speaker 8: going to do better than Kevin. And on the debt ceiling. 328 00:14:06,880 --> 00:14:09,080 Speaker 8: We've never breached the debt ceiling before, So I don't 329 00:14:09,080 --> 00:14:12,320 Speaker 8: know what that world looks like. Government shutdown. I know 330 00:14:12,400 --> 00:14:14,360 Speaker 8: what this looks like, and I've been there. We've all 331 00:14:14,400 --> 00:14:17,400 Speaker 8: been there before. And I think Kevin sort of has 332 00:14:17,480 --> 00:14:19,320 Speaker 8: to go through a little bit of a shutdown if 333 00:14:19,360 --> 00:14:21,760 Speaker 8: nothing else, to sort of boost his bonafidies with the 334 00:14:21,840 --> 00:14:22,360 Speaker 8: right hand. 335 00:14:22,360 --> 00:14:22,760 Speaker 9: The right wing. 336 00:14:22,840 --> 00:14:23,600 Speaker 6: How about that now? 337 00:14:23,640 --> 00:14:25,280 Speaker 3: Of course we're hearing as well from the likes of 338 00:14:25,280 --> 00:14:27,720 Speaker 3: Marjorie Taylor Green. I guess no longer in the Freedom 339 00:14:28,280 --> 00:14:32,240 Speaker 3: Caucus that we're going to tie this to an impeachment 340 00:14:32,280 --> 00:14:34,600 Speaker 3: inquiry that if there is a vote to launch an 341 00:14:34,600 --> 00:14:36,600 Speaker 3: impeachment query into Joe Biden, I guess we keep the 342 00:14:36,600 --> 00:14:39,400 Speaker 3: government open. This is why people hate Washington, right, they do. 343 00:14:39,640 --> 00:14:42,440 Speaker 3: But that's a deal that a little bit beyond the film. 344 00:14:42,600 --> 00:14:44,560 Speaker 8: People hate Washington for variety of reasons. There's no If 345 00:14:44,600 --> 00:14:46,200 Speaker 8: you want to hate Washington, I got a list of 346 00:14:46,240 --> 00:14:47,240 Speaker 8: reasons you can, right. 347 00:14:47,760 --> 00:14:50,440 Speaker 3: But if the government's worth funding, can't we figure that 348 00:14:50,440 --> 00:14:52,080 Speaker 3: out without triggering an impeachment inquiry? 349 00:14:52,440 --> 00:14:52,880 Speaker 9: Yes and no. 350 00:14:52,960 --> 00:14:54,880 Speaker 8: And here's why I tell people is that there's only 351 00:14:55,000 --> 00:14:58,520 Speaker 8: one bill every single year that really matters as a 352 00:14:58,560 --> 00:15:01,040 Speaker 8: fiscal conservatives, and and that's the spending bill. 353 00:15:01,080 --> 00:15:02,800 Speaker 9: That's it. That's the only one that counts. You can 354 00:15:02,840 --> 00:15:03,240 Speaker 9: do all the. 355 00:15:03,240 --> 00:15:05,240 Speaker 8: Deals you want to on debt ceilings, you can have 356 00:15:05,640 --> 00:15:08,120 Speaker 8: you know, sequesters like we did back in twenty eleven, 357 00:15:08,160 --> 00:15:10,240 Speaker 8: twenty thirteen, It all counts for crap. 358 00:15:10,320 --> 00:15:11,560 Speaker 9: It doesn't count for anything. 359 00:15:11,600 --> 00:15:14,120 Speaker 8: The only thing that counts is the annual spending bill, 360 00:15:14,160 --> 00:15:17,400 Speaker 8: the appropriation bill, every single year. And that's where the 361 00:15:17,440 --> 00:15:20,400 Speaker 8: fight is going to be for the true fiscal conservatives. 362 00:15:20,600 --> 00:15:22,480 Speaker 8: And if there's something else you want to try and accomplish, 363 00:15:22,520 --> 00:15:25,840 Speaker 8: you know, try and leverage that everybody's That's what people 364 00:15:25,840 --> 00:15:28,120 Speaker 8: do in Washington, d C. They leverage bills that they 365 00:15:28,320 --> 00:15:30,320 Speaker 8: like to you know, that they want to get. So 366 00:15:31,080 --> 00:15:34,080 Speaker 8: this is the natural place for this flight, this fight 367 00:15:34,160 --> 00:15:36,000 Speaker 8: to happen. It should not have happened with Kevin was 368 00:15:36,160 --> 00:15:38,240 Speaker 8: elected Speaker. It should not have happened as much on 369 00:15:38,280 --> 00:15:40,400 Speaker 8: the debt ceiling. This is where the battle is going 370 00:15:40,440 --> 00:15:42,320 Speaker 8: to take place because this is the only bill that 371 00:15:42,440 --> 00:15:43,320 Speaker 8: really counts. 372 00:15:43,320 --> 00:15:47,000 Speaker 3: The supplementals that we're hearing about that the White House 373 00:15:47,040 --> 00:15:49,800 Speaker 3: wants billions more for disaster why not relief? 374 00:15:50,240 --> 00:15:50,640 Speaker 7: What is it? 375 00:15:50,720 --> 00:15:53,200 Speaker 3: We have Hawaii, we have Florida. But there's also supplemental 376 00:15:53,240 --> 00:15:55,200 Speaker 3: for Ukraine. You and I've talked a lot about funding 377 00:15:55,200 --> 00:15:57,240 Speaker 3: the war effort in Ukraine. This is about to come 378 00:15:57,240 --> 00:15:58,000 Speaker 3: to a head once again. 379 00:15:58,080 --> 00:16:00,200 Speaker 8: Yeah, I mean listen, I remember my very first year 380 00:16:00,200 --> 00:16:03,760 Speaker 8: in the Budget Office and the Budget Committee beacgnized in Congress. 381 00:16:03,760 --> 00:16:05,480 Speaker 8: There's a couple of guys who I'd never seen before 382 00:16:05,520 --> 00:16:07,640 Speaker 8: at any of the committee meetings show up the. 383 00:16:07,600 --> 00:16:09,000 Speaker 9: Last day before we vote. 384 00:16:09,120 --> 00:16:11,440 Speaker 8: Turns out they're the appropriators who sit on the Budget 385 00:16:11,440 --> 00:16:12,960 Speaker 8: Committee that hadn't been to a meeting the whole year. 386 00:16:13,280 --> 00:16:15,880 Speaker 8: And they asked one question, which is are you restricting 387 00:16:15,960 --> 00:16:17,680 Speaker 8: us on emergency spending? And we said no, and they 388 00:16:17,720 --> 00:16:19,440 Speaker 8: got up and left the meeting. That's all they cared about. 389 00:16:19,480 --> 00:16:22,680 Speaker 8: Because emergency spending is off budget, it doesn't go through 390 00:16:22,680 --> 00:16:24,040 Speaker 8: the regular appropriations process. 391 00:16:24,040 --> 00:16:24,920 Speaker 9: You have to vote on it. 392 00:16:25,240 --> 00:16:26,920 Speaker 8: But you could You and I could agree, all of 393 00:16:26,960 --> 00:16:28,800 Speaker 8: Congress could agree we're going to spend one hundred dollars 394 00:16:28,800 --> 00:16:31,000 Speaker 8: this year, and we fight over that, and we agree 395 00:16:31,040 --> 00:16:33,040 Speaker 8: on that, there's blood in the streets everything. We agree 396 00:16:33,080 --> 00:16:34,840 Speaker 8: we're going to spend one hundred dollars, and then two 397 00:16:34,920 --> 00:16:37,520 Speaker 8: days later, two days later, we can get together say oh, 398 00:16:37,560 --> 00:16:39,680 Speaker 8: we want to spend another sixty on an emergency spending 399 00:16:39,880 --> 00:16:42,800 Speaker 8: and that's and that's it, and that's a separate negotiation. So, yeah, 400 00:16:42,840 --> 00:16:46,680 Speaker 8: emergency spending is important. Supplementals are important, There's no question 401 00:16:46,760 --> 00:16:49,960 Speaker 8: about it. But that's why this spending fight is the 402 00:16:49,960 --> 00:16:52,120 Speaker 8: fight for so many fiscal conservatives, because it's where the 403 00:16:52,160 --> 00:16:53,040 Speaker 8: rubber really meets the road. 404 00:16:53,200 --> 00:16:55,560 Speaker 3: What happens with those supplemental requests though, I mean, this 405 00:16:55,600 --> 00:16:58,400 Speaker 3: is going to be the first fight that we hear about. 406 00:16:58,480 --> 00:17:00,000 Speaker 6: Yeah, they get they get they get approved. 407 00:17:00,160 --> 00:17:03,120 Speaker 3: So those will go through. Then we get a cr 408 00:17:03,360 --> 00:17:05,000 Speaker 3: with something attached to it mostly. 409 00:17:04,680 --> 00:17:06,359 Speaker 8: And by the way, a supplementer will be tied to 410 00:17:06,440 --> 00:17:09,359 Speaker 8: something else. You talked about time understichment to the appropriations. 411 00:17:09,400 --> 00:17:11,000 Speaker 8: There will be a bunch of Democrats who say, well, 412 00:17:11,000 --> 00:17:15,240 Speaker 8: we want to tie supplemental for Florida, a Republican state, 413 00:17:15,280 --> 00:17:16,680 Speaker 8: to something else that we want to have. 414 00:17:16,760 --> 00:17:19,280 Speaker 9: That's the negotiation that takes place. Is the reason that 415 00:17:19,359 --> 00:17:22,240 Speaker 9: was it could be you know, I don't know where 416 00:17:22,359 --> 00:17:24,800 Speaker 9: Ukraine falls right now. It's really very interesting. 417 00:17:24,800 --> 00:17:30,320 Speaker 8: It's becoming slowly one of those truly non partisan issues. 418 00:17:30,359 --> 00:17:32,360 Speaker 8: There'll be folks who are against Ukraine and the Democrat 419 00:17:32,400 --> 00:17:34,720 Speaker 8: Party and folks a growing group who are against it 420 00:17:35,119 --> 00:17:37,240 Speaker 8: in the Republican Party. The Wall Street Journal article this 421 00:17:37,320 --> 00:17:41,480 Speaker 8: week about the loss of money the corruption people forget. 422 00:17:42,040 --> 00:17:45,400 Speaker 8: Ukraine before the war was one of the most corrupt 423 00:17:45,400 --> 00:17:47,560 Speaker 8: countries in the world. We actually have special laws on 424 00:17:47,640 --> 00:17:49,480 Speaker 8: the books in this country. 425 00:17:50,280 --> 00:17:52,760 Speaker 6: You answering some questions about that in the brief, right. 426 00:17:52,600 --> 00:17:54,399 Speaker 8: And how we spend money in Ukraine because it's just 427 00:17:54,560 --> 00:17:58,520 Speaker 8: that corrupt. And so you've got fiscal conservatives in Washington 428 00:17:58,560 --> 00:18:00,920 Speaker 8: now on the Republican side who are worried about spending 429 00:18:00,920 --> 00:18:03,760 Speaker 8: more money. You've got war doves in the Democrat Party 430 00:18:03,800 --> 00:18:05,360 Speaker 8: who might not want to spend this money. So yeah, 431 00:18:05,520 --> 00:18:10,080 Speaker 8: it's morphing into a really interesting topic because it's moving 432 00:18:10,119 --> 00:18:12,280 Speaker 8: towards one of those things that doesn't fall neatly into 433 00:18:12,320 --> 00:18:13,040 Speaker 8: partisan lines. 434 00:18:14,520 --> 00:18:17,160 Speaker 3: This is a conversation that I'm sure is not going 435 00:18:17,200 --> 00:18:19,520 Speaker 3: to get easier as the year goes on, particularly if 436 00:18:19,520 --> 00:18:22,840 Speaker 3: this counter offensive does not play out the way at 437 00:18:22,920 --> 00:18:25,440 Speaker 3: least most wanted it to. Inside the Pentagon, there are 438 00:18:25,480 --> 00:18:27,280 Speaker 3: doubts that they're going to be able to achieve goals. 439 00:18:27,320 --> 00:18:30,200 Speaker 3: This almost becomes a political gain here where you want 440 00:18:30,240 --> 00:18:32,720 Speaker 3: to invest in a winner, and if Ukraine does not 441 00:18:32,760 --> 00:18:34,800 Speaker 3: look like one, what happens in Washington. 442 00:18:34,640 --> 00:18:37,000 Speaker 8: Somewhere there may be a very intrepid Bloomberg reporter who's 443 00:18:37,000 --> 00:18:40,399 Speaker 8: trying to figure out how many Ukrainian leaders have bought 444 00:18:40,480 --> 00:18:43,560 Speaker 8: overseas residences in the last two years, how many of 445 00:18:43,600 --> 00:18:46,200 Speaker 8: the friend of mine Italy in Italy who says that 446 00:18:46,359 --> 00:18:50,000 Speaker 8: his neighbors used to be Russian oligarchs, now they're Ukrainian oligarchs. 447 00:18:50,600 --> 00:18:52,680 Speaker 9: So there's all sorts of there's all sorts of that stuff. 448 00:18:52,680 --> 00:18:53,200 Speaker 9: How much of that. 449 00:18:53,280 --> 00:18:56,720 Speaker 3: Suggesting they're taking American dollars, and you put two and 450 00:18:56,760 --> 00:18:57,200 Speaker 3: two together. 451 00:18:57,240 --> 00:18:59,440 Speaker 8: You've got stories about corruption, about money they can't find 452 00:18:59,440 --> 00:19:03,280 Speaker 8: about replace seeing the Defense minister. Yeah, there's gonna be Listen, 453 00:19:03,520 --> 00:19:06,960 Speaker 8: Ukraine is a sloppy, messy thing and the war just 454 00:19:07,000 --> 00:19:08,680 Speaker 8: made it even sloppier and messier. 455 00:19:08,720 --> 00:19:09,760 Speaker 9: So it will. 456 00:19:09,600 --> 00:19:13,280 Speaker 8: Continue to be, it will be become a more divisive 457 00:19:13,320 --> 00:19:14,160 Speaker 8: issue as we go forward. 458 00:19:14,280 --> 00:19:16,600 Speaker 3: And how about calls for an audit. If you're Speaker McCarthy, 459 00:19:16,600 --> 00:19:19,000 Speaker 3: say look, we're ready to fund this war effort. Remember 460 00:19:19,040 --> 00:19:21,520 Speaker 3: he said it wasn't not another dollar, it was no 461 00:19:21,600 --> 00:19:23,960 Speaker 3: more blank checks. And that seems to make him different 462 00:19:24,000 --> 00:19:25,560 Speaker 3: than Marjorie Taylor Green and Matt Gates. 463 00:19:25,640 --> 00:19:27,760 Speaker 8: Yeah, and that's fine. And nobody likes blank blank Well 464 00:19:27,760 --> 00:19:30,359 Speaker 8: that's not true. Folks love blank checks in Washington, d c. Well, 465 00:19:30,560 --> 00:19:32,520 Speaker 8: some Republicans don't like them. So it's the right thing 466 00:19:32,520 --> 00:19:35,359 Speaker 8: for Kevin to say. I don't know, I'm putting on 467 00:19:35,359 --> 00:19:38,600 Speaker 8: my old Freedom Caucus hat on. Say okay, Kevin, I'm 468 00:19:38,640 --> 00:19:39,439 Speaker 8: all for an audit. 469 00:19:40,000 --> 00:19:42,119 Speaker 7: I want to pick the auditor, Okay. 470 00:19:42,480 --> 00:19:43,800 Speaker 8: I want to be involved. I want to be able 471 00:19:43,840 --> 00:19:45,639 Speaker 8: to trust the auditor. I don't want the Europeans to 472 00:19:45,760 --> 00:19:47,359 Speaker 8: I certainly don't want the Ukrainians to do it. 473 00:19:47,400 --> 00:19:48,159 Speaker 9: I want to do it. 474 00:19:48,200 --> 00:19:51,120 Speaker 3: And yeah, okay, as long as it was American in another way, 475 00:19:51,160 --> 00:19:53,520 Speaker 3: as long as it's as long as there's some accountability. 476 00:19:53,640 --> 00:19:57,000 Speaker 8: Look, you're going to talk about They're gonna the Republicans 477 00:19:57,040 --> 00:19:59,240 Speaker 8: are gonna want to start talk about spending less. 478 00:19:59,480 --> 00:20:00,960 Speaker 9: You want to start having that conversation. 479 00:20:01,520 --> 00:20:03,680 Speaker 8: And when you're spending so much money in a foreign 480 00:20:03,760 --> 00:20:06,679 Speaker 8: nation on a foreign war, that's one of the natural 481 00:20:06,680 --> 00:20:08,639 Speaker 8: places to sort of look to, which is Look, I 482 00:20:08,680 --> 00:20:11,919 Speaker 8: don't want to start reducing spending domestically until we take. 483 00:20:11,800 --> 00:20:13,960 Speaker 9: A real hard look overseas. It's the right conversation. 484 00:20:14,040 --> 00:20:17,000 Speaker 3: Af We're spending time with Mick mulvaney here on Bloomberg 485 00:20:17,119 --> 00:20:17,439 Speaker 3: Sound On. 486 00:20:17,560 --> 00:20:19,359 Speaker 6: If you want to join us here on our. 487 00:20:19,240 --> 00:20:25,920 Speaker 3: YouTube simulcast something new today, Jump in Google Bloomberg Global News. 488 00:20:25,960 --> 00:20:27,360 Speaker 8: The link will be right there. You'll be a full 489 00:20:27,640 --> 00:20:29,359 Speaker 8: Google spot for you. Is there a reason you're you're 490 00:20:29,680 --> 00:20:31,120 Speaker 8: dissing Bing or Duk Dush? 491 00:20:31,119 --> 00:20:32,960 Speaker 3: Should I tell them to Bing Global or I don't 492 00:20:32,960 --> 00:20:37,800 Speaker 3: know If Google advertised Google or Bing Bloomberg Global News, 493 00:20:38,000 --> 00:20:39,080 Speaker 3: that should answer your question. 494 00:20:39,359 --> 00:20:40,600 Speaker 7: If only they would. 495 00:20:40,680 --> 00:20:43,000 Speaker 8: Google going to lose their They're going to lose their trademark, 496 00:20:43,119 --> 00:20:45,440 Speaker 8: just like Kleenex and xeroxing like. 497 00:20:45,359 --> 00:20:45,879 Speaker 7: That, don't you. 498 00:20:46,240 --> 00:20:48,520 Speaker 3: I think it's uh, I think it's out of the bag. 499 00:20:49,000 --> 00:20:51,040 Speaker 3: I have to ask you about Mitch McConnell. I don't 500 00:20:51,040 --> 00:20:52,439 Speaker 3: know if you talk to him, if you talk to 501 00:20:52,440 --> 00:20:54,760 Speaker 3: people around him. We're hearing about the three John's again, 502 00:20:54,760 --> 00:20:56,760 Speaker 3: and that can't be a good thing when you're named Mitch. 503 00:20:57,040 --> 00:20:59,160 Speaker 3: On the other hand, we should let everybody know he's 504 00:20:59,200 --> 00:21:01,560 Speaker 3: out with the doctor's today another letter from the doctor 505 00:21:01,600 --> 00:21:04,879 Speaker 3: from Mitch McConnell's office that makes clear this is recovery 506 00:21:05,280 --> 00:21:07,159 Speaker 3: and there's a big difference there, not a discovery, not 507 00:21:07,200 --> 00:21:09,560 Speaker 3: a stroke, not a seizure or a seizure or even 508 00:21:09,600 --> 00:21:13,000 Speaker 3: they said something like Parkinson's. That's a big difference. Then 509 00:21:13,040 --> 00:21:15,440 Speaker 3: does that buy him time to actually recover and get 510 00:21:15,480 --> 00:21:17,040 Speaker 3: through this showdown in the fall? 511 00:21:17,040 --> 00:21:17,280 Speaker 9: It does. 512 00:21:17,359 --> 00:21:20,480 Speaker 8: Keep in mind, the audience here is not we have 513 00:21:20,520 --> 00:21:22,480 Speaker 8: a discussion and we will have a discussion about Joe 514 00:21:22,480 --> 00:21:27,119 Speaker 8: Biden's age and his mental capacities. Okay, that's a national discussion. 515 00:21:27,880 --> 00:21:30,480 Speaker 8: The discussion about Mitch is actually much much smaller because 516 00:21:30,480 --> 00:21:32,600 Speaker 8: we're only talking about him, not as a senator, you're. 517 00:21:32,440 --> 00:21:34,440 Speaker 9: Talking about him as the leader of the Republicans. 518 00:21:34,920 --> 00:21:37,399 Speaker 8: So there's what, there's forty nine of them who actually 519 00:21:37,440 --> 00:21:39,560 Speaker 8: have a say in this. That's the universe of people 520 00:21:39,560 --> 00:21:41,880 Speaker 8: who are following this. No one's talking about kicking Mitch 521 00:21:41,960 --> 00:21:44,719 Speaker 8: McConnell out of the Senate because of his health issues, 522 00:21:44,880 --> 00:21:47,000 Speaker 8: the questioning whether or not he has the ability right 523 00:21:47,040 --> 00:21:48,840 Speaker 8: now to be the leader of the Senate. So you 524 00:21:48,880 --> 00:21:50,880 Speaker 8: got to put yourself in the shoes of an elected 525 00:21:51,000 --> 00:21:54,600 Speaker 8: Republican senator and you ask yourself, Okay, is he still 526 00:21:54,680 --> 00:21:56,119 Speaker 8: capable of doing what we need him to do? 527 00:21:56,200 --> 00:21:58,000 Speaker 9: And the answer is probably yes. Right now. 528 00:21:58,240 --> 00:22:00,520 Speaker 8: If this turns out to be short term, then it's 529 00:22:00,520 --> 00:22:02,439 Speaker 8: probably not that big a deal. Plus, he's got an 530 00:22:02,440 --> 00:22:05,159 Speaker 8: excellent staff he can rely on. We all know what 531 00:22:05,200 --> 00:22:07,199 Speaker 8: we're doing anyway, it's not like we're going into an 532 00:22:07,200 --> 00:22:10,160 Speaker 8: election year or something like that. So right now, he's 533 00:22:10,200 --> 00:22:12,919 Speaker 8: probably got time to prove that this is recovery and 534 00:22:12,960 --> 00:22:15,480 Speaker 8: he's going to be fine if it goes on four 535 00:22:15,520 --> 00:22:17,120 Speaker 8: or five six months. So you see four or five 536 00:22:17,160 --> 00:22:20,639 Speaker 8: more episodes, then the members themselves start to say, hey, Mitch, 537 00:22:20,680 --> 00:22:22,880 Speaker 8: you know look, we've got a really good bench here. 538 00:22:23,560 --> 00:22:26,160 Speaker 8: Get healthy. You know, you stay in the Senate. Maybe 539 00:22:26,160 --> 00:22:27,959 Speaker 8: you come back and leadership now. But for right now, 540 00:22:28,000 --> 00:22:29,280 Speaker 8: we need somebody else to take over. But I don't 541 00:22:29,280 --> 00:22:31,119 Speaker 8: think that conversation takes place for several months. 542 00:22:31,200 --> 00:22:34,400 Speaker 3: In the meantime, you're out with a column today at 543 00:22:34,400 --> 00:22:38,240 Speaker 3: the Hill, too old to serve the headline, a cause 544 00:22:38,320 --> 00:22:39,960 Speaker 3: worth amending the constitution? 545 00:22:40,720 --> 00:22:41,800 Speaker 6: We only have a minute left. 546 00:22:41,840 --> 00:22:42,520 Speaker 7: How would you do it? 547 00:22:43,160 --> 00:22:44,000 Speaker 9: There's pretty simple. 548 00:22:44,640 --> 00:22:48,480 Speaker 8: Have an age maximum in the constitution, Pass a constitutional amendment, 549 00:22:48,480 --> 00:22:51,000 Speaker 8: which we used to do relatively frequently, haven't done it now. 550 00:22:50,920 --> 00:22:52,400 Speaker 9: In more than fifty years. 551 00:22:52,200 --> 00:22:55,639 Speaker 8: It's exactly right. And we all know seventy five year 552 00:22:55,640 --> 00:22:57,119 Speaker 8: olds who are in better shape than you and me, 553 00:22:57,480 --> 00:22:58,919 Speaker 8: But we also know seventy five. 554 00:22:58,840 --> 00:22:59,600 Speaker 9: Year olds who are not. 555 00:23:00,160 --> 00:23:04,240 Speaker 8: And the question becomes, is there some common ground Democrats, Republicans, 556 00:23:04,240 --> 00:23:06,600 Speaker 8: independences alike, and say, you know what, we've had enough 557 00:23:06,640 --> 00:23:09,040 Speaker 8: experience with older people in our own personal lives. Maybe 558 00:23:09,040 --> 00:23:11,320 Speaker 8: we shouldn't have a president over seventy five. Maybe we 559 00:23:11,320 --> 00:23:13,880 Speaker 8: shouldn't have a Supreme Court justice over seventy five. Maybe 560 00:23:13,880 --> 00:23:15,919 Speaker 8: we shouldn't have a US centered over seventy five. And 561 00:23:16,160 --> 00:23:18,440 Speaker 8: just have a mandatory retirement age for those positions. 562 00:23:18,480 --> 00:23:19,920 Speaker 7: That's your age, those seventy five. 563 00:23:19,880 --> 00:23:21,920 Speaker 9: Pick a number. It's the debate. I want to have 564 00:23:22,480 --> 00:23:22,880 Speaker 9: the argument. 565 00:23:22,920 --> 00:23:25,760 Speaker 3: Yeah, as opposed to a cognitive test or something more personal. 566 00:23:25,960 --> 00:23:28,040 Speaker 9: It's something that's hard to subjective. 567 00:23:28,119 --> 00:23:30,080 Speaker 6: Yes, you picked quite a time to write it. 568 00:23:30,119 --> 00:23:32,240 Speaker 3: We've got new numbers out at the Wall Street Journal, 569 00:23:32,240 --> 00:23:35,280 Speaker 3: a new poll today that really illustrate the concern around 570 00:23:35,359 --> 00:23:37,440 Speaker 3: Joe Biden's age and something we're going to talk about 571 00:23:37,440 --> 00:23:38,439 Speaker 3: coming up with our panel. 572 00:23:38,600 --> 00:23:41,200 Speaker 6: Mick mulvaney, it's great to see you. Thanks for coming back. 573 00:23:41,320 --> 00:23:43,480 Speaker 9: It's great to see you live in person, head on TV. 574 00:23:43,640 --> 00:23:46,679 Speaker 6: Let's do it again next week. This is Bloomberg. 575 00:23:47,560 --> 00:23:51,040 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us 576 00:23:51,119 --> 00:23:53,160 Speaker 1: live weekdays at one Eastern. 577 00:23:52,840 --> 00:23:56,040 Speaker 2: On Bloomberg dot com, the iHeartRadio app and the Bloomberg 578 00:23:56,080 --> 00:23:59,480 Speaker 2: Business App, or listening on demand wherever you get your podcasts. 579 00:24:00,520 --> 00:24:03,760 Speaker 3: I've got the letter from the attending physician at the 580 00:24:03,840 --> 00:24:09,320 Speaker 3: Capitol and it's addressed to Senator Mitch McConnell. Pretty interesting 581 00:24:09,359 --> 00:24:12,280 Speaker 3: to read from doctor Brian Monaghan. My examination of you 582 00:24:12,359 --> 00:24:15,960 Speaker 3: following your brief episode August thirty, he writes, included several 583 00:24:16,000 --> 00:24:20,240 Speaker 3: medical evaluations, you got an MRI and EEG, and consultations 584 00:24:20,240 --> 00:24:23,639 Speaker 3: with several neurologists. He says, there is no evidence, this 585 00:24:23,720 --> 00:24:26,520 Speaker 3: is the important part, that you have a seizure disorder 586 00:24:27,080 --> 00:24:30,800 Speaker 3: or that you experienced a stroke, tia or movement disorder 587 00:24:31,280 --> 00:24:35,080 Speaker 3: such as Parkinson's disease. This all of course coming off 588 00:24:35,280 --> 00:24:38,600 Speaker 3: this freeze up that the Senate Minority leader experienced in 589 00:24:38,600 --> 00:24:41,240 Speaker 3: front of the cameras while talking with reporters last week, 590 00:24:41,280 --> 00:24:43,760 Speaker 3: the second time that this has happened to him in public, 591 00:24:43,760 --> 00:24:46,360 Speaker 3: and the second time since he fell and suffered a 592 00:24:46,520 --> 00:24:49,600 Speaker 3: concussion earlier in the year. And that's the important part 593 00:24:49,720 --> 00:24:52,479 Speaker 3: as well. Here the final line in the letter from 594 00:24:52,520 --> 00:24:55,360 Speaker 3: the doctor, there are no changes recommended in treatment protocols 595 00:24:55,400 --> 00:24:58,040 Speaker 3: as you continue recovery from your March twenty twenty three 596 00:24:58,119 --> 00:25:01,520 Speaker 3: full So that is how this is being framed, certainly 597 00:25:01,560 --> 00:25:04,960 Speaker 3: by Senator McConnell's office, but through the eyes of his doctor. 598 00:25:05,000 --> 00:25:07,720 Speaker 3: Here in this letter, the Capitol physician saying this is 599 00:25:07,760 --> 00:25:11,119 Speaker 3: a recovery, not something new, which really gets to the 600 00:25:11,119 --> 00:25:12,960 Speaker 3: heart of what we're talking about. In a day that 601 00:25:13,000 --> 00:25:16,760 Speaker 3: we have new polling data, wall Street Journal. Not great 602 00:25:16,880 --> 00:25:21,600 Speaker 3: if you're Joe Biden or frankly, Mitch McConnell. If that 603 00:25:21,880 --> 00:25:24,200 Speaker 3: is the concern when it comes to age, let's assemble 604 00:25:24,240 --> 00:25:27,320 Speaker 3: our panel here. Rick Davis and Genie Shanzano join Bloomberg 605 00:25:27,400 --> 00:25:30,240 Speaker 3: Politics contributors. Look at that. We can all see each 606 00:25:30,240 --> 00:25:32,960 Speaker 3: other now. It's kind of like when the whole thing 607 00:25:33,040 --> 00:25:35,720 Speaker 3: turns color in the Wizard of Oz. 608 00:25:35,760 --> 00:25:36,560 Speaker 6: Great to see you, guys. 609 00:25:36,600 --> 00:25:40,080 Speaker 3: Thanks for joining on our big simulcast on YouTube. If 610 00:25:40,480 --> 00:25:42,520 Speaker 3: you'd like to join us there on the video side 611 00:25:42,560 --> 00:25:45,640 Speaker 3: of things, search Bloomberg Global News. 612 00:25:45,400 --> 00:25:46,359 Speaker 7: And click play. 613 00:25:47,359 --> 00:25:48,240 Speaker 6: Everyone's back. 614 00:25:48,480 --> 00:25:51,280 Speaker 3: Well, at least they're trickling back in the Senate here 615 00:25:51,320 --> 00:25:53,760 Speaker 3: next week. It's the house coming off the August recess. 616 00:25:53,800 --> 00:25:56,919 Speaker 3: That's why this letter is awfully important, Rick Davis. Does 617 00:25:56,960 --> 00:25:58,960 Speaker 3: it do enough to give Mitch mcconnald a space he 618 00:25:59,040 --> 00:25:59,760 Speaker 3: needs to recover? 619 00:26:00,840 --> 00:26:02,919 Speaker 6: Yeah, I think it does change the narrative a little bit. 620 00:26:02,960 --> 00:26:04,960 Speaker 10: I mean, kudos to them for getting on top of 621 00:26:04,960 --> 00:26:07,840 Speaker 10: this and getting it launched right before people got back to town. 622 00:26:08,840 --> 00:26:11,760 Speaker 10: You know, it's a hallmark of the McConnell operation to 623 00:26:11,880 --> 00:26:15,560 Speaker 10: not let vacuums exist. He likes to be the one 624 00:26:15,560 --> 00:26:19,359 Speaker 10: who's dictating terms of the discussion. And you know, up 625 00:26:19,440 --> 00:26:22,399 Speaker 10: until the time of this doctor's letter, everyone was talking 626 00:26:22,440 --> 00:26:25,600 Speaker 10: about what's causing this, what could potentially be the problem. 627 00:26:25,680 --> 00:26:28,639 Speaker 10: Is it threatening to his you know, standing in the 628 00:26:28,680 --> 00:26:31,960 Speaker 10: caucus and things like that. Now we're talking about the 629 00:26:32,000 --> 00:26:35,000 Speaker 10: doctor basically giving him a I wouldn't say clean bill 630 00:26:35,000 --> 00:26:37,000 Speaker 10: of health, but a bill of health enough to operate 631 00:26:37,440 --> 00:26:39,760 Speaker 10: and continue his role, you know, as the leader of 632 00:26:39,760 --> 00:26:41,160 Speaker 10: the Republican Caucus in the Senate. 633 00:26:41,240 --> 00:26:43,199 Speaker 6: So definitely it's worked. 634 00:26:43,720 --> 00:26:47,040 Speaker 10: We're a prime example that we're talking about, you know, 635 00:26:47,240 --> 00:26:51,119 Speaker 10: how this should be moving forward. Obviously he's not at 636 00:26:51,160 --> 00:26:54,280 Speaker 10: one hundred percent, and that's going to be a big 637 00:26:54,359 --> 00:26:56,959 Speaker 10: question as to whether or not he can retain and 638 00:26:57,080 --> 00:27:00,879 Speaker 10: regain his standing, you know, to be able to power 639 00:27:00,920 --> 00:27:04,720 Speaker 10: through a really critical election cycle for Republicans in the Senate. 640 00:27:05,480 --> 00:27:07,919 Speaker 3: An election cycle in which age will be a factor 641 00:27:08,000 --> 00:27:10,040 Speaker 3: age in health, certainly for Joe Biden as well. 642 00:27:10,119 --> 00:27:11,600 Speaker 6: Genie, we've talked about this a lot. 643 00:27:11,680 --> 00:27:14,360 Speaker 3: With new numbers out today, I bring this back up 644 00:27:14,880 --> 00:27:17,520 Speaker 3: thanks to the Wall Street Journal poll showing a majority 645 00:27:17,520 --> 00:27:21,000 Speaker 3: of surveyed voters worry that Joe Biden is too old 646 00:27:21,080 --> 00:27:26,919 Speaker 3: to effectively serve for four more years. This is pretty 647 00:27:26,920 --> 00:27:30,879 Speaker 3: tough here. Seventy three percent of registered voters tell the 648 00:27:30,880 --> 00:27:33,720 Speaker 3: Wall Street Journal that Joe Biden is too old, Genie. 649 00:27:34,040 --> 00:27:36,359 Speaker 3: There's not much Joe Biden can do about that, But 650 00:27:36,400 --> 00:27:39,280 Speaker 3: does that look different next year if he's actually in 651 00:27:39,359 --> 00:27:42,080 Speaker 3: a head to head matchup? How much stock do you 652 00:27:42,119 --> 00:27:43,040 Speaker 3: put in these numbers? 653 00:27:44,240 --> 00:27:46,160 Speaker 11: You know, first of all, Joe, Matthew and Rick Davis 654 00:27:46,240 --> 00:27:49,560 Speaker 11: Liven in person, I'm very excited to see you. You know, 655 00:27:50,600 --> 00:27:53,879 Speaker 11: I think the numbers all around were very bad for 656 00:27:53,960 --> 00:27:57,520 Speaker 11: everybody except Donald Trump. That includes all of his Republican opponents. 657 00:27:57,520 --> 00:28:00,480 Speaker 11: He's forty six points ahead of Ron DeSantis, up from 658 00:28:00,520 --> 00:28:03,439 Speaker 11: where he was before some of these latest indictments. And 659 00:28:03,480 --> 00:28:06,280 Speaker 11: of course, as you mentioned the age factor, I think 660 00:28:06,320 --> 00:28:09,159 Speaker 11: it was notable last week after Mitch McConnell had this 661 00:28:09,280 --> 00:28:13,159 Speaker 11: second episode publicly, it was Joe Biden who was his 662 00:28:13,240 --> 00:28:17,400 Speaker 11: most forceful defender out there, for the obvious reason that 663 00:28:17,440 --> 00:28:20,840 Speaker 11: the campaign on Biden's side does not want the issue 664 00:28:20,880 --> 00:28:23,680 Speaker 11: of age to continue to haunt it. But of course 665 00:28:23,800 --> 00:28:27,399 Speaker 11: these numbers reinforce what we heard last week from the 666 00:28:27,440 --> 00:28:31,280 Speaker 11: AP N or C pole. This is a huge concerving 667 00:28:31,359 --> 00:28:36,159 Speaker 11: factor for the campaign in including for Democrats. You know, 668 00:28:36,440 --> 00:28:39,800 Speaker 11: I was almost close to saying over the weekend, I 669 00:28:39,960 --> 00:28:42,840 Speaker 11: think this is likely more important and I've never said 670 00:28:42,840 --> 00:28:46,240 Speaker 11: this before Joe than the economy for the Biden campaign 671 00:28:46,360 --> 00:28:49,280 Speaker 11: going into the election next year. Now, they're both equally 672 00:28:49,320 --> 00:28:51,760 Speaker 11: fraught as we know looking at these numbers, but age 673 00:28:51,800 --> 00:28:55,080 Speaker 11: is something he simply cannot turn around. So they're going 674 00:28:55,160 --> 00:28:57,200 Speaker 11: to have to continue to do what they've been doing, 675 00:28:57,520 --> 00:28:59,880 Speaker 11: which is to say watch him. And one thing we 676 00:29:00,080 --> 00:29:02,680 Speaker 11: do know about Joe, about Joe Biden, not Joe Matthew, 677 00:29:02,760 --> 00:29:06,440 Speaker 11: Joe Biden. He's continued to be underestimated and he's come through, 678 00:29:07,160 --> 00:29:09,959 Speaker 11: as have you, Joe, but he's come through. So you know, 679 00:29:10,000 --> 00:29:12,400 Speaker 11: there is that possibility, and I think that's what they're 680 00:29:12,440 --> 00:29:13,000 Speaker 11: banking on. 681 00:29:14,040 --> 00:29:15,880 Speaker 7: I'm going to keep our Joe straight here, Genie. 682 00:29:16,680 --> 00:29:18,960 Speaker 3: I want to ask you both about this new ad 683 00:29:19,000 --> 00:29:21,400 Speaker 3: that that the Biden campaign is launching. 684 00:29:21,440 --> 00:29:23,520 Speaker 6: But do you agree with Genie on that Rick, that 685 00:29:23,520 --> 00:29:24,480 Speaker 6: that age could. 686 00:29:24,360 --> 00:29:27,360 Speaker 3: Actually top the economy as an issue for Joe Biden 687 00:29:27,360 --> 00:29:28,040 Speaker 3: here in this election. 688 00:29:29,280 --> 00:29:32,480 Speaker 10: You know, look, it's obviously a hesitation, especially for independent voters. 689 00:29:32,520 --> 00:29:34,160 Speaker 10: I think what was it eighty five percent of the 690 00:29:34,160 --> 00:29:36,920 Speaker 10: independent voters in that Wall Street Journal poll said, you know, 691 00:29:36,960 --> 00:29:39,800 Speaker 10: they had hesitations about you know Biden, but at the 692 00:29:39,880 --> 00:29:42,160 Speaker 10: end of the day, the election will turn on the economy. 693 00:29:42,280 --> 00:29:44,440 Speaker 10: There's not going to be a replacement to Joe Biden. 694 00:29:44,440 --> 00:29:47,720 Speaker 10: He is firm control of the Democratic Party and he's 695 00:29:47,800 --> 00:29:50,200 Speaker 10: the nominee, and so they're just going to have to 696 00:29:50,240 --> 00:29:52,760 Speaker 10: figure out what they can do. Have lots of beach 697 00:29:52,880 --> 00:29:56,440 Speaker 10: photos with him, you know, hopping around, but the bottom 698 00:29:56,440 --> 00:29:58,200 Speaker 10: line is people are going to vote on the economy. 699 00:29:58,240 --> 00:30:02,120 Speaker 10: And that's what this you know ad that you're just 700 00:30:02,160 --> 00:30:03,920 Speaker 10: describing really tries to hit home. 701 00:30:05,480 --> 00:30:09,320 Speaker 3: A twenty five million dollar campaign here to focus on 702 00:30:09,360 --> 00:30:14,760 Speaker 3: the president's economic record that will last through December. Apparently, 703 00:30:14,840 --> 00:30:17,000 Speaker 3: the ad it's if I've got a thirty second version 704 00:30:17,040 --> 00:30:20,880 Speaker 3: of it here debuts with the football game. People want 705 00:30:20,920 --> 00:30:23,400 Speaker 3: to sit down and watch Thursday night football, the big 706 00:30:23,440 --> 00:30:25,520 Speaker 3: season opener, they're going to have to hear and see 707 00:30:25,640 --> 00:30:26,560 Speaker 3: Joe Biden. 708 00:30:26,280 --> 00:30:30,360 Speaker 12: Said millions would lose their jobs and the economy would collapse, 709 00:30:30,640 --> 00:30:33,960 Speaker 12: but this president refused to let that happen. Instead, he 710 00:30:34,040 --> 00:30:38,040 Speaker 12: got to work fixing supply chains, fighting corporate greed. 711 00:30:38,920 --> 00:30:40,120 Speaker 6: Fixing supply chains. 712 00:30:40,160 --> 00:30:42,600 Speaker 3: They go through all of the exercises that we talked 713 00:30:42,640 --> 00:30:46,320 Speaker 3: about here in trying to fight inflation, growing jobs, and 714 00:30:46,360 --> 00:30:49,480 Speaker 3: so forth. You see the President striding down the colonnade 715 00:30:49,480 --> 00:30:52,720 Speaker 3: at the White House with Vice President Kamala Harris at 716 00:30:52,760 --> 00:30:53,480 Speaker 3: his side. 717 00:30:53,920 --> 00:30:57,200 Speaker 6: Will this actually improve people's. 718 00:30:57,080 --> 00:30:59,800 Speaker 3: Thoughts on Bidenomics if we're going to call it that 719 00:31:00,360 --> 00:31:02,480 Speaker 3: or annoy them that he's interrupting their football game? 720 00:31:04,120 --> 00:31:06,800 Speaker 11: You know, I think they have to do this is 721 00:31:06,840 --> 00:31:10,200 Speaker 11: it is a big ad by It's critically important because 722 00:31:10,240 --> 00:31:13,040 Speaker 11: one thing that we do know is that his strong 723 00:31:13,120 --> 00:31:16,080 Speaker 11: record on the economy is not being reflected in the 724 00:31:16,120 --> 00:31:18,680 Speaker 11: polling as much as they've gone out and tried to 725 00:31:18,720 --> 00:31:22,760 Speaker 11: sell Bidenomics. And I think critically important about this ad buy, 726 00:31:22,960 --> 00:31:26,200 Speaker 11: and a particular concern to Democrats as we look at 727 00:31:26,200 --> 00:31:30,240 Speaker 11: these numbers is the reality that you have to look 728 00:31:30,280 --> 00:31:35,960 Speaker 11: at young people Hispanics and Latinos and African Americans. If 729 00:31:36,000 --> 00:31:38,720 Speaker 11: Biden doesn't hold them as big as he did in 730 00:31:38,800 --> 00:31:41,880 Speaker 11: twenty he's going to have a big problem. Hence the 731 00:31:41,920 --> 00:31:44,640 Speaker 11: Wall Street Journal matchup with Trump. And so a lot 732 00:31:44,680 --> 00:31:47,720 Speaker 11: of this ad spending is geared towards those folks who 733 00:31:47,720 --> 00:31:51,600 Speaker 11: are critically important to the constituency and his numbers there 734 00:31:51,640 --> 00:31:54,560 Speaker 11: have long been shown to be dropping off. So that 735 00:31:54,720 --> 00:31:57,600 Speaker 11: is of a big concern, and it's rightly so. So 736 00:31:57,720 --> 00:32:00,400 Speaker 11: he's got to push this out there. They hope it's 737 00:32:00,440 --> 00:32:03,560 Speaker 11: going to change minds, but I do think one big 738 00:32:03,600 --> 00:32:06,720 Speaker 11: issue here they need to focus on our interest rates 739 00:32:06,720 --> 00:32:10,160 Speaker 11: and housing. All of this, coupled with the student loan 740 00:32:10,200 --> 00:32:13,480 Speaker 11: repayment that's just gone back into effect, is troubling for 741 00:32:13,560 --> 00:32:16,000 Speaker 11: a lot of these constituencies that he needs to win 742 00:32:16,080 --> 00:32:19,720 Speaker 11: in large double digits in order to hold in twenty four. 743 00:32:21,200 --> 00:32:24,640 Speaker 3: Got to work is the name of the ad Rick. 744 00:32:24,960 --> 00:32:26,760 Speaker 3: Will people see it or hear it that way? 745 00:32:28,680 --> 00:32:28,880 Speaker 5: You know? 746 00:32:28,920 --> 00:32:31,520 Speaker 10: I think it's his pitch, you know, currently for you 747 00:32:31,520 --> 00:32:35,360 Speaker 10: know why his administration today is, you know, doing its 748 00:32:35,440 --> 00:32:38,880 Speaker 10: best in a difficult economy. And I think that he 749 00:32:39,000 --> 00:32:41,400 Speaker 10: has to do more of this, frankly. I mean we've 750 00:32:41,400 --> 00:32:43,760 Speaker 10: been talking about this for a long time. His numbers 751 00:32:43,760 --> 00:32:47,920 Speaker 10: are completely underwater on his job approval for the economy, 752 00:32:47,960 --> 00:32:52,440 Speaker 10: handling the economy, and he cannot win reelection against I 753 00:32:52,480 --> 00:32:55,120 Speaker 10: don't care who you put up against unless he improves 754 00:32:55,120 --> 00:32:58,880 Speaker 10: those numbers. And as Genie said, all across his constituencies, 755 00:32:59,080 --> 00:33:01,560 Speaker 10: I mean, it's not just US people who care about 756 00:33:01,560 --> 00:33:05,240 Speaker 10: the economy, it's virtually every voter is gonna basically give 757 00:33:05,320 --> 00:33:09,720 Speaker 10: him a scorecard. Either he navigated his way through inflation 758 00:33:10,000 --> 00:33:12,360 Speaker 10: and the economy or he didn't, and if he didn't, 759 00:33:12,960 --> 00:33:14,920 Speaker 10: likely they're not going to vote for him. 760 00:33:15,560 --> 00:33:18,720 Speaker 3: Well, Rick Davis, Genie Shanzano, great analysis. And as we 761 00:33:18,720 --> 00:33:20,600 Speaker 3: look at the top line numbers on this Wall Street 762 00:33:20,680 --> 00:33:23,600 Speaker 3: Journal poll, as far as the horse race is concerned, 763 00:33:24,280 --> 00:33:29,840 Speaker 3: specific to the Republican presidential nomination, Trump fifty nine, Desantus thirteen, 764 00:33:30,000 --> 00:33:34,720 Speaker 3: Ramaswami five, Haley eight interesting, and the rest in the 765 00:33:34,760 --> 00:33:37,760 Speaker 3: two to three percent range. I'm Joe, Matthew and Washington. 766 00:33:37,760 --> 00:33:38,640 Speaker 3: Thanks for joining us. 767 00:33:39,720 --> 00:33:43,080 Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch the 768 00:33:43,120 --> 00:33:47,000 Speaker 1: program live weekdays at one Eastern on Bloomberg Radio, the 769 00:33:47,080 --> 00:33:50,400 Speaker 1: tune in app, Bloomberg dot Com, and the Bloomberg Business App. 770 00:33:50,520 --> 00:33:53,400 Speaker 1: You can also listen live on Amazon Alexa from our 771 00:33:53,400 --> 00:33:57,880 Speaker 1: flagship New York station. Just say Alexa play Bloomberg eleven thirty. 772 00:33:59,520 --> 00:34:04,880 Speaker 3: So you get a letter from the leaders of three 773 00:34:05,000 --> 00:34:09,160 Speaker 3: military branches, and you probably figure you're in a lot 774 00:34:09,160 --> 00:34:13,479 Speaker 3: of trouble unless your name is Tommy Tuberville. In that case, 775 00:34:13,480 --> 00:34:16,680 Speaker 3: the Senator from Alabama may be feeling emboldened. 776 00:34:17,200 --> 00:34:19,200 Speaker 6: This, of course, all has to do with the blockade. 777 00:34:19,200 --> 00:34:21,600 Speaker 3: Remember we talked about this quite a bit before the 778 00:34:21,640 --> 00:34:25,240 Speaker 3: August recess blockade of military promotions, that this loan senator 779 00:34:25,920 --> 00:34:30,920 Speaker 3: is holding in place an objection to abortion policy at 780 00:34:30,960 --> 00:34:36,760 Speaker 3: the Pentagon. Now the update here senators returning to town 781 00:34:36,840 --> 00:34:40,880 Speaker 3: when this might again be dealt with, comes as the 782 00:34:40,920 --> 00:34:45,440 Speaker 3: secretaries of the Navy, the Air Force, and the Army 783 00:34:46,680 --> 00:34:50,560 Speaker 3: write this letter published in the Washington Post calling on 784 00:34:50,640 --> 00:34:54,960 Speaker 3: Senator Tuberville to drop the blockade. He talked about this 785 00:34:55,800 --> 00:34:58,320 Speaker 3: a short time ago on what is it Center Point. 786 00:34:58,680 --> 00:35:01,920 Speaker 3: There are now so many netw works I have to 787 00:35:02,040 --> 00:35:05,360 Speaker 3: check on their names here. He's apparently not going to 788 00:35:05,360 --> 00:35:08,680 Speaker 3: be changing his tune on this unless, of course, this 789 00:35:08,760 --> 00:35:10,480 Speaker 3: comes to the floor of the Senate. 790 00:35:10,520 --> 00:35:13,359 Speaker 6: He wants to vote here, he is, we a. 791 00:35:13,360 --> 00:35:16,640 Speaker 13: Lot enough money to run a great military, but we 792 00:35:16,680 --> 00:35:19,120 Speaker 13: don't need to get into these vote policies and run 793 00:35:19,160 --> 00:35:22,080 Speaker 13: in the ground like they've done every other institution, like 794 00:35:22,120 --> 00:35:26,600 Speaker 13: the DOJ, the FBI, our education system. That's exactly what 795 00:35:26,640 --> 00:35:30,440 Speaker 13: they're trying to do. But this policy on abortion is 796 00:35:30,480 --> 00:35:33,200 Speaker 13: way overboard. They're not supposed to be making laws, and 797 00:35:33,200 --> 00:35:35,120 Speaker 13: I'm not going to allow them to do it. They're 798 00:35:35,120 --> 00:35:36,879 Speaker 13: going to have to change this policy back and bring 799 00:35:36,920 --> 00:35:38,560 Speaker 13: it to the floor. Un let's vote on it. That's 800 00:35:38,560 --> 00:35:39,960 Speaker 13: the only way I'll drop the policy. 801 00:35:41,640 --> 00:35:43,799 Speaker 3: Okay, you got that. Let's vote on it. That's the 802 00:35:43,840 --> 00:35:47,200 Speaker 3: only way I'll drop the policy. Senator Truck Schumer Ford 803 00:35:47,239 --> 00:35:49,360 Speaker 3: It's worth has said he would bring this to a vote, 804 00:35:49,360 --> 00:35:51,640 Speaker 3: but there is no indication that he plans to do 805 00:35:51,680 --> 00:35:54,359 Speaker 3: that at least anytime soon. And so this goes on 806 00:35:54,680 --> 00:35:58,200 Speaker 3: and on and on. As we reassemble our panel. Gdi 807 00:35:58,280 --> 00:36:01,520 Speaker 3: Shanzano and Rick Davis have both spoken passionately about this, 808 00:36:01,640 --> 00:36:02,480 Speaker 3: and I. 809 00:36:02,160 --> 00:36:03,799 Speaker 6: Don't suspect their opinions have changed. 810 00:36:03,840 --> 00:36:05,879 Speaker 3: But when you get when you get to the letter 811 00:36:05,920 --> 00:36:09,320 Speaker 3: here from three civilian military leaders, We've already had the 812 00:36:09,360 --> 00:36:12,839 Speaker 3: Defense Secretary call him out as well. Rick Davis, does 813 00:36:12,880 --> 00:36:15,920 Speaker 3: Tommy Turberville let this go forever? Does Chuck Schumer let 814 00:36:15,920 --> 00:36:17,760 Speaker 3: this go forever? Why not bring it to a vote? 815 00:36:18,920 --> 00:36:22,319 Speaker 10: Yeah, it is a significant departure from the norm. You know, 816 00:36:22,400 --> 00:36:25,440 Speaker 10: prior to the holidays, we hadn't heard from the secretaries 817 00:36:25,440 --> 00:36:28,440 Speaker 10: of the Navy, Air Force, and the Army, and now 818 00:36:28,480 --> 00:36:32,960 Speaker 10: we have in very stark language, they need these people 819 00:36:33,000 --> 00:36:35,480 Speaker 10: confirmed and the military needs to go about their business. 820 00:36:36,080 --> 00:36:39,279 Speaker 10: And they even mentioned in this ed that that there 821 00:36:39,280 --> 00:36:44,440 Speaker 10: are ways for people like Tommy Tuberville to change the policy, 822 00:36:44,520 --> 00:36:47,239 Speaker 10: and that is through an Act of Congress. This is 823 00:36:47,280 --> 00:36:51,800 Speaker 10: what they are elected to do. And so the fact 824 00:36:51,840 --> 00:36:55,120 Speaker 10: that he is now Tuberville saying that he's willing to 825 00:36:55,160 --> 00:36:57,040 Speaker 10: take a vote is a bit of a change in 826 00:36:57,080 --> 00:36:58,160 Speaker 10: his approach. 827 00:36:58,200 --> 00:36:59,800 Speaker 6: He wanted to try and get this done. 828 00:36:59,800 --> 00:37:03,720 Speaker 10: Just as a deal in exchange for lifting his hold 829 00:37:03,760 --> 00:37:07,520 Speaker 10: on all these over three hundred nominations that are waiting 830 00:37:07,520 --> 00:37:10,960 Speaker 10: for confirmation. So, you know, the depression now is whether 831 00:37:11,040 --> 00:37:14,120 Speaker 10: or not Schumer is willing to play ball with him. 832 00:37:15,520 --> 00:37:17,080 Speaker 3: Of course, Chuck Schumer is not going to bring it 833 00:37:17,080 --> 00:37:18,920 Speaker 3: to the floor if he doesn't have the votes to 834 00:37:18,960 --> 00:37:22,880 Speaker 3: do this, right, Geenie, I mean, will Democrats not vote 835 00:37:23,040 --> 00:37:27,680 Speaker 3: together here? Because it's an election year to deal with 836 00:37:27,719 --> 00:37:30,960 Speaker 3: the abortion policy at the Pentagon, which they talk about 837 00:37:31,000 --> 00:37:32,640 Speaker 3: on cable news a lot, but bringing it to a 838 00:37:32,719 --> 00:37:34,640 Speaker 3: vote and putting your name on it is different. 839 00:37:36,080 --> 00:37:39,720 Speaker 11: You know, I think that Schumer may end up having 840 00:37:39,760 --> 00:37:41,760 Speaker 11: to bring it to a vote. But this is such 841 00:37:41,800 --> 00:37:47,000 Speaker 11: a dangerous precedent for Coach Tubberville to push forward. I mean, 842 00:37:47,200 --> 00:37:52,440 Speaker 11: imagine if a very left wing Democrat decides they don't 843 00:37:52,560 --> 00:37:57,440 Speaker 11: like how the military is purchasing equipment because it's damaging 844 00:37:57,480 --> 00:37:59,879 Speaker 11: to the environment. So they are just going to hold 845 00:38:00,120 --> 00:38:04,120 Speaker 11: up and entire appointments and promotions in the military and 846 00:38:04,200 --> 00:38:09,319 Speaker 11: impact are military readiness until the military cowtows to them. 847 00:38:09,680 --> 00:38:12,080 Speaker 11: This can go on and on and on. It's why 848 00:38:12,120 --> 00:38:15,040 Speaker 11: it is a very very bad precedent, regardless of what 849 00:38:15,120 --> 00:38:19,560 Speaker 11: you think on abortion. And it's something that absolutely Topperville 850 00:38:19,640 --> 00:38:22,520 Speaker 11: should not be doing, but he is doing. And you know, 851 00:38:22,640 --> 00:38:25,040 Speaker 11: let's just think about it from the human perspective. It 852 00:38:25,120 --> 00:38:28,920 Speaker 11: is September. You've got the children of military men and 853 00:38:29,000 --> 00:38:33,200 Speaker 11: women starting school. They can't move to their new positions 854 00:38:33,560 --> 00:38:36,280 Speaker 11: and get ready to go to school or start school 855 00:38:36,320 --> 00:38:39,919 Speaker 11: because these five hundred plus or MIAs promotions now are 856 00:38:39,960 --> 00:38:42,600 Speaker 11: held up and the number is ticking up. This is 857 00:38:42,719 --> 00:38:45,440 Speaker 11: bad for them. It is shocking to imagine it is 858 00:38:45,520 --> 00:38:48,799 Speaker 11: done by somebody reports to be a conservative Republican and 859 00:38:48,840 --> 00:38:51,520 Speaker 11: it is bad for the United States military. And I'm 860 00:38:51,680 --> 00:38:54,560 Speaker 11: very glad they wrote this piece. Pressure should be put 861 00:38:54,600 --> 00:38:57,600 Speaker 11: on Tupperville, and I hope mcconel McConnell is well enough 862 00:38:57,600 --> 00:39:00,200 Speaker 11: to do it, because this is really about a loan 863 00:39:00,320 --> 00:39:03,720 Speaker 11: Republican senator who is going off the rails and trying 864 00:39:03,760 --> 00:39:06,840 Speaker 11: to push through a policy that doesn't have the support 865 00:39:06,960 --> 00:39:09,480 Speaker 11: to get the numbers to move it the way he 866 00:39:09,520 --> 00:39:11,840 Speaker 11: wants to. You know what, Coach Dubberville, you want to 867 00:39:11,880 --> 00:39:15,240 Speaker 11: change the policy, get enough people in Congress who agree 868 00:39:15,280 --> 00:39:18,120 Speaker 11: with you, and to Rick's point, pass a law. That's 869 00:39:18,120 --> 00:39:21,880 Speaker 11: how you change policy. You don't hold people hostage like this. 870 00:39:23,239 --> 00:39:26,120 Speaker 3: Make things a lot more simple if that were the 871 00:39:26,280 --> 00:39:28,719 Speaker 3: It's been six months, by the way, Rick, I was 872 00:39:28,719 --> 00:39:32,160 Speaker 3: actually kind of amazed to see again, it's been six months. 873 00:39:32,160 --> 00:39:35,120 Speaker 3: We're talking about hundreds of promotions at this point, including 874 00:39:35,520 --> 00:39:37,480 Speaker 3: the fact the Army, Navy, Marine Corps do not have 875 00:39:37,520 --> 00:39:39,240 Speaker 3: Senate confirmed service chiefs. 876 00:39:39,840 --> 00:39:42,319 Speaker 6: Does Chuck Schumer need to bring this to the floor 877 00:39:42,400 --> 00:39:44,600 Speaker 6: or is that an indication to us there that he 878 00:39:44,640 --> 00:39:48,680 Speaker 6: does not have the votes to uphold this Pentagon policy. 879 00:39:49,680 --> 00:39:52,320 Speaker 10: Yeah, it's kind of an interesting question. I mean, it 880 00:39:53,120 --> 00:39:55,520 Speaker 10: is a hard question to determine whether or not he's 881 00:39:55,560 --> 00:39:58,600 Speaker 10: got the votes to do this, especially an election year, 882 00:39:58,600 --> 00:40:00,440 Speaker 10: where some people are going to be looking, you know, 883 00:40:00,719 --> 00:40:05,360 Speaker 10: over their shoulder. But just to reiterate on this Tubberville example, 884 00:40:05,400 --> 00:40:07,759 Speaker 10: I mean, he's to coach the Auburn football team, right 885 00:40:07,840 --> 00:40:08,959 Speaker 10: I went to Alabama. 886 00:40:09,000 --> 00:40:10,000 Speaker 6: We played once a year. 887 00:40:10,040 --> 00:40:12,480 Speaker 10: It's called the Iron Bowl. Could you imagine him walking 888 00:40:12,520 --> 00:40:14,880 Speaker 10: into his coaches meeting and saying, Hey, the chance for 889 00:40:15,200 --> 00:40:18,359 Speaker 10: you know, like, I'm very upset that, you know, he's 890 00:40:18,400 --> 00:40:21,440 Speaker 10: done something in the school about abortion, So I'm only 891 00:40:21,440 --> 00:40:24,040 Speaker 10: going to play the third string against Alabama tonight. You 892 00:40:24,400 --> 00:40:27,000 Speaker 10: imagine what the reaction would be, you know, to the 893 00:40:27,040 --> 00:40:30,759 Speaker 10: Auburn alumni to that, Well, you know, this is more 894 00:40:30,800 --> 00:40:34,120 Speaker 10: important than that. I know people in Alabama may disagree, 895 00:40:34,280 --> 00:40:37,520 Speaker 10: but the reality is what he's doing is damaging our 896 00:40:37,600 --> 00:40:41,440 Speaker 10: nation's national security. And frankly, you know, if you're Schumer, 897 00:40:41,480 --> 00:40:43,080 Speaker 10: you almost don't even want to give him a vote. 898 00:40:43,080 --> 00:40:45,680 Speaker 10: You just want to make him stew until the people 899 00:40:45,719 --> 00:40:48,920 Speaker 10: of Alabama tell him change your policy or find a 900 00:40:48,960 --> 00:40:49,439 Speaker 10: new job. 901 00:40:49,600 --> 00:40:53,040 Speaker 3: Yeah, well that might be getting closer to Chuck Schumer's 902 00:40:53,080 --> 00:40:54,200 Speaker 3: motivation right there. 903 00:40:54,040 --> 00:40:55,680 Speaker 6: Spoken like a son of Alabama. 904 00:40:55,719 --> 00:40:58,920 Speaker 3: Of course, Rick Davis and Genie Shanzo, this is why 905 00:40:59,280 --> 00:41:02,279 Speaker 3: they are are signature panel here on sound On. I'm Joe, 906 00:41:02,320 --> 00:41:05,680 Speaker 3: Matthew and Washington. Thanks for joining us back to reality 907 00:41:05,719 --> 00:41:06,640 Speaker 3: today in Washington. 908 00:41:06,719 --> 00:41:12,560 Speaker 6: This is Bloomberg. Thanks for listening to the sound On podcast. 909 00:41:12,600 --> 00:41:15,719 Speaker 3: Make sure to subscribe if you haven't already, at Apple, Spotify, 910 00:41:15,800 --> 00:41:18,239 Speaker 3: and anywhere else you get your podcasts, And you can 911 00:41:18,239 --> 00:41:21,239 Speaker 3: find us live every weekday from Washington, DC at one 912 00:41:21,280 --> 00:41:25,840 Speaker 3: pm Eastern Time at Bloomberg dot com