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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch just Live weekdays at

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Speaker 1: noon Eastern on Appo, CarPlay and then Roun Auto with

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Speaker 1: the Bloomberg Business app. Listen on demand wherever you get

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Speaker 1: your podcasts, or watch us live on YouTube.

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Speaker 2: A joining us as someone who focuses specifically on getting

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Speaker 2: democratic women elected into office. Emily's list is the organization

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Speaker 2: and its president, Jessica Mackler, is here with us now

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Speaker 2: on Bloomberg TV and Radio. Welcome back to Balance of Power, Jessica.

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Speaker 2: It's good to have you, especially on the eve of

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Speaker 2: this first presidential debate between Kamala Harris and Donald Trump,

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Speaker 2: a woman of color against the former president. Jessica, if

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Speaker 2: we could just begin with what message Kamala Harris needs

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Speaker 2: to deliver on that stage tomorrow that targets female voters

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Speaker 2: in particular.

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Speaker 3: Well, thank you for having me, and I think what

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Speaker 3: we're going to see tomorrow night is what Kamala Harris

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Speaker 3: has been sharing with the public since she launched this

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Speaker 3: campaign at the Helm, and that is a vision for

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Speaker 3: what kind of future we're going to have in this

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Speaker 3: country and what.

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Speaker 4: Does that future look like.

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Speaker 3: And that's particularly important when it comes to reproductive freedom,

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Speaker 3: which has been the driving issue for voters, women voters

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Speaker 3: in particular since the DABS decision. And she has laid

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Speaker 3: out for people a future in which we can restore

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Speaker 3: these freedoms and rights that have been stripped away from us,

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Speaker 3: in which people cannot just get by but can thrive.

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Speaker 3: And that stands and start contrast to what is being

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Speaker 3: offered by Donald Trump and jd Vance, which is a

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Speaker 3: future in which we go backwards, a future that is

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Speaker 3: governed by the principles of the Project twenty twenty five agenda.

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Speaker 3: So I think that's what we're going to see on

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Speaker 3: stage tomorrow night, and that's what we have been hearing

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Speaker 3: from her since she launched this campaign.

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Speaker 5: Well, Jessica, we've seen Donald Trump on stage with a

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Speaker 5: female candidate before. Just ask Hillary Clinton how that went.

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Speaker 5: And there have been a lot of questions about that,

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Speaker 5: how that changes the dynamic in this cycle, of course,

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Speaker 5: versus the first debate that we saw him in with

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Speaker 5: Joe Biden. To what extent should Donald Trump's past interactions

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Speaker 5: with Hillary Clinton in this case, Knowing that Kamala Harris

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Speaker 5: is reviewing debate footage right now as part of her prep.

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Speaker 5: How does that impact or color the way that Kamala

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Speaker 5: Harris will approach this conversation tomorrow night.

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Speaker 3: Well, I think the important thing when it comes to

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Speaker 3: Donald Trump is to really be prepared for anything. We

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Speaker 3: have to remember that Donald Trump has been a performer

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Speaker 3: his entire life and so.

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Speaker 5: Speaks differently to women than he does to men, doesn't.

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Speaker 3: He And he often does. He often does. But we

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Speaker 3: don't know which Donald Trump is going to show up

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Speaker 3: tomorrow night, right, We don't know what he's.

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Speaker 6: Going to be like.

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Speaker 3: I would expect that he has prepped very well for this.

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Speaker 3: This is his seventh national presidential debate that he is

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Speaker 3: engaging in, so he has a lot of practice at this.

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Speaker 3: I would expect that we would see and I think

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Speaker 3: we have a plan to see kind of the performer

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Speaker 3: of Donald Trump, though, the person who shows up and

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Speaker 3: uses all the tools in his toolbox, which for him,

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Speaker 3: that's lies, that's distraction, that's manipulation. He's not tethered by

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Speaker 3: the truth. Anything that he can use is to present

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Speaker 3: a different portrait to the American people than what we

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Speaker 3: know is the reality of what kind of president that

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Speaker 3: he is going to be. So we have to be

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Speaker 3: prepared for the Donald Trump that showed up in twenty sixteen,

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Speaker 3: but we also have to be prepared for a Donald

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Speaker 3: Trump who shows up and holds it together for ninety minutes.

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Speaker 3: But what we know is that no matter which Donald

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Speaker 3: Trump shows up, that's what it's going to be really important.

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Speaker 3: And what I know she's preparing for is to really

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Speaker 3: lay out that choice that's in front of voters.

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Speaker 2: Well, of course, voters already are sharing with polsters how

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Speaker 2: they're thinking about this choice. The latest New York Times

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Speaker 2: Ciana pol that came out this weekend finds Trump ahead

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Speaker 2: by one point nationally, though that is within the margin

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Speaker 2: of error. But the issue you break down is what

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Speaker 2: I find incredibly interesting here. Jessica Trump holds a thirteen

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Speaker 2: percentage point of tame advantage on the issue of the economy.

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Speaker 2: Vice President Harris holds a fifteen percentage point advantage on

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Speaker 2: the issue of abortion. Now, our listeners on Bloomberg Radio

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Speaker 2: may not see it over your right shoulder, but you

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Speaker 2: have a sign behind you that literally says keep abortion legal.

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Speaker 2: How should we be thinking about the way in which

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Speaker 2: not just Harris, but other female candidates that you were

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Speaker 2: trying to see elected should be using that issue to

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Speaker 2: their advantage this cycle.

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Speaker 3: Absolutely well. I will tell you we have done a

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Speaker 3: lot of research not just in this election cycle, but

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Speaker 3: in past election cycles around voters women voters in particular,

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Speaker 3: and I can tell you that READO productive freedom as

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Speaker 3: it has been since the DABS decision is going to

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Speaker 3: be a determinative issue in this election for women, young

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Speaker 3: women in particular, This is a deal breaker issue for them,

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Speaker 3: and you see it in those advantages. We have to

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Speaker 3: remember that Kamala Harris is still introducing herself to a

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Speaker 3: large section of the electorate. They may know of her

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Speaker 3: and have seen her in her role as Vice president,

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Speaker 3: but they don't necessarily have the depth and breadth of knowledge.

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Speaker 3: And so that's work that she's still doing. She's rolled

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Speaker 3: out policy positions on economic policy that show that, just

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Speaker 3: like on the issue of reproductive freedom, she is going

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Speaker 3: to be a person who stands up every day and

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Speaker 3: fights for the people of this country. But when it

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Speaker 3: comes to what is going to deliver the win in

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Speaker 3: this election cycle, this election cycle is going to be

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Speaker 3: one once again on reproductive freedom, and Kamala Harris has

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Speaker 3: been very clear throughout her career and throughout this campaign

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Speaker 3: that she is the candidate who is going to stand

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Speaker 3: up for restoring these rights, for defending our freedoms, while

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Speaker 3: Donald Trump is going to take us back. And we

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Speaker 3: know that a vote for Donald Trump is a vote

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Speaker 3: for a national abortion maan.

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Speaker 5: A couple of pretty fascinating statistics here, Jessica, sixty percent

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Speaker 5: of donors to the Harris campaign in July were made

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Speaker 5: up of women. Another one that was remarkable to read

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Speaker 5: this morning, the number of women in the United States

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Speaker 5: registered to vote is typically seven to ten million more

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Speaker 5: than the number of men. That's according to the Center

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Speaker 5: for American Women and Politics. Is to take away that women,

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Speaker 5: one way or the other, will decide this election.

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Speaker 3: Women absolutely will decide this election. And I'm going to

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Speaker 3: offer you one more stat because young women in particular

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Speaker 3: have the ability to be determinative in this election. We

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Speaker 3: have seen in our research that between April and the

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Speaker 3: end of July a fifty six point swing in motivation

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Speaker 3: to vote from young women. That's women under forty five.

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Speaker 3: That's incredible. Those are not numbers that we see every day,

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Speaker 3: but we also see that reflected, whether it's in the

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Speaker 3: long lines of people that are waiting in the summer

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Speaker 3: heat to get into a Kamala Harris rally, or the

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Speaker 3: spikes in voter registration that are being driven by young

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Speaker 3: women and young women of color in particular. We see

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Speaker 3: it in the record breaking grassroots contributions, we see it

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Speaker 3: in the volunteer shifts. So there is incredible enthusiasm and

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Speaker 3: energy from women in this election, and we know that

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Speaker 3: it's a diverse coalition of women who are going to

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Speaker 3: deliver this victory for Kamala Harris and for women up

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Speaker 3: and down the ballot, and they're going to do so

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Speaker 3: on the issue of reproductive freedom.

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Speaker 2: Well, and so let's talk about other women down the ballot.

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Speaker 2: Of course, there's a number of vulnerable incumbent Democratic senators.

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Speaker 2: I could think of female ones Tammy Baldwin, Jackie Rosen,

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Speaker 2: for example. There's also women who are trying to unseat Republicans,

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Speaker 2: including the challenger of Rick Scott in Florida. How are

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Speaker 2: you realistically looking at the races in the way in

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Speaker 2: which women could have a role in determining the ultimate

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Speaker 2: balance of the Senate in particular, Like, for example, do

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Speaker 2: you think that Florida wasce is actually winnable.

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Speaker 3: Well, I can tell you that Democratic Prochose women running

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Speaker 3: at all levels of the ballot are going to be

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Speaker 3: the drivers of securing Democratic pro Chose majorities at all

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Speaker 3: levels of the ballot. And we know that we need

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Speaker 3: those majorities if we are going to fully restore our rights.

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Speaker 3: So everywhere from the state legislative chambers in Arizona and Wisconsin,

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Speaker 3: in New Hamphire that we can flip in this election

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Speaker 3: cycle to the battle for control of the House of

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Speaker 3: Representatives to the Senate as you named with Jackie Rosen,

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Speaker 3: Tammy Baldwin, Angela also Brooks in Maryland, a really important race,

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Speaker 3: Alyssa Slotkin and Michigan, and Debbie Mercersell Powell in Florida

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Speaker 3: and Gloria Johnson and Tennessee. Those races are in play

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Speaker 3: because of the salience of the issue of reproductive freedom

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Speaker 3: in Florida and in particular, as you mentioned, we have an opportunity.

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Speaker 3: Voters will have an opportunity to vote on the issue

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Speaker 3: of reproductive freedom and restore those rights in state law.

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Speaker 3: But they also have an opportunity to make sure that

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Speaker 3: de Wie Mercersell Powell goes to the Senate that we

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Speaker 3: don't have Rick Scott as Senate majority leader, and we

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Speaker 3: know that in that race, like all of these other races,

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Speaker 3: it comes down to who is going to stand up

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Speaker 3: for these rights. And I think there's great opportunity in

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Speaker 3: Florida and across the map because we've seen that when

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Speaker 3: we frame these races around the choices on reproductive freedom

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Speaker 3: and abortion rights, Democrats win.

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Speaker 5: It's great to have you back with us on Bloomberg.

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Speaker 5: I'm sure that you'll be watching along with us tomorrow night.

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Speaker 5: Jessica Mackler President Emily's List with fascinating insights, Kaylee, as

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Speaker 5: we get ready for this showdown tomorrow, and the fundraising

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Speaker 5: that we've heard over the past couple of days, combined

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Speaker 5: with the results in that Siena poll really bring us

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Speaker 5: to this conversation with a fascinating backdrop. We were talking

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Speaker 5: about the poll. They're in a statistical tie on the headline,

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Speaker 5: but among young women in the Swing States, Siena College

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Speaker 5: says thirty eight percent prefer a thirty eight percent advantage

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Speaker 5: for Harris, sixty seven to twenty nine percent, overwhelming for

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Speaker 5: a single demographic.

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Speaker 2: Yeah, the demographic shifts we have seen since Harris took

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Speaker 2: the helm as the nominee over Joe Biden. Have been

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Speaker 2: pretty substantial, and of course it is these varying different

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Speaker 2: demographics that both candidates will be trying to speak to

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Speaker 2: on the stage tomorrow night. We'll have more on that

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Speaker 2: ahead with our political panel.

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Speaker 5: Yeah, Rick Davis, Jeanie Shanzino are with us today. They'll

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Speaker 5: be with us tomorrow for the debate as well. So

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Speaker 5: keep it right here on Bloomberg TV and Radio.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens

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Speaker 1: just live weekdays at noon Eastern on Applecarplay and.

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Speaker 7: Enroud Otto with the Bloomberg Business app.

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Speaker 1: You can also listen live on Amazon Alexa from our

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Speaker 1: flagship New York station, Just Say Alexa Play. Bloomberg eleven thirty.

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Speaker 2: Broadcasting live on Bloomberg Television and Radio from Washington, as

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Speaker 2: we have been doing for basically the entire summer, except

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Speaker 2: for the weeks that we were at the conventions. The

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Speaker 2: team can't be said about working in Washington for more

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Speaker 2: than four hundred and thirty five people on Capitol Hill

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Speaker 2: who got away for a really long time. This has

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Speaker 2: been an extended August recess that Congress has been in

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Speaker 2: but today they make their return to the nation's capital.

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Speaker 5: That's right, they're back. Rules Committee meeting is at four

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Speaker 5: pm I think yep, Eastern time. Not expected to go well.

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Speaker 5: Thomas Massey already says he's a no vote. This, of course,

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Speaker 5: is an effort to fund the government past this month.

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Speaker 5: We run out of money on September thirty, so they

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Speaker 5: have three weeks, Kayley, to come up with a plan.

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Speaker 5: And you know how well that's gone the last couple

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Speaker 5: of times. To bring it right up to the wire.

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Speaker 5: And Mike Johnson, the Speaker, wants a six month stop

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Speaker 5: gap to kick the can and include something called the

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Speaker 5: Save Act. That's a big no for Democrats because it

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Speaker 5: requires essentially identification to vote. It would make it illegal

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Speaker 5: for a non citizen to vote, except, as the White

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Speaker 5: House points out, is already is. Yeah, got a statement

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Speaker 5: from the.

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Speaker 2: White House, indeed, the Administration urging House Republicans to engage

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Speaker 2: in a bipartisan process to keep the government open. And

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Speaker 2: the y s to your point. They point out that

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Speaker 2: it is already illegal for non citizens to vote in

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Speaker 2: federal elections. It is a federal crime punishable by prison

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Speaker 2: and fines, and they would veto this legislation. Of course,

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Speaker 2: it's not going to make it through the Senate anyway, that's.

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Speaker 5: Correct, and so it'll come back around. And you've seen

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Speaker 5: this movie, Senate jams the House. Everyone complains, then maybe

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Speaker 5: we have a deal and avoid a shutdown. That's what's

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Speaker 5: happened so far. And they tend to think that an

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Speaker 5: election day might be some inspiration to get this done.

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Speaker 5: Let's see what the panel thinks. Rick Davis and Genie

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Speaker 5: Shanzano are with us Bloomberg Politics contributors. Of course, Rick

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Speaker 5: a partner at Stone Court Capital. Genie is a political

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Speaker 5: science professor at Iona University. It's great to see both

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Speaker 5: of you here. There's more on this Rick. The White

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Speaker 5: House says the bill is especially irresponsible when it comes

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Speaker 5: to national security. Quote, as a six month cr would

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Speaker 5: erode our military advantage relative to the People's Republic of China,

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Speaker 5: degrade readiness, failed to provide the support our troops deserve unquote.

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Speaker 5: Are we going to have a real fight here with

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Speaker 5: the risk of a shutdown or is this all bluster?

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Speaker 8: You know, I think a lot of this is positioning.

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Speaker 8: But look, look, legitimately, when you do a continuing resolution,

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Speaker 8: that means last year's budget prevails, and there was a

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Speaker 8: sizeable increase in spending given to the Defense Department this

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Speaker 8: year that they're not going to be able to touch.

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Speaker 8: And so all these plans that they've been making to

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Speaker 8: beef up their presence in the South China Sea in

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Speaker 8: the Pacific, to be able to help fund our allies

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Speaker 8: in the region, to bolster our deterrence against China toward

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Speaker 8: toward Taiwan, all that.

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Speaker 9: Gets put on hold.

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Speaker 8: And so these things are not just congressional you know,

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Speaker 8: machinations that you know, politics is the only thing at risk.

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Speaker 8: These are these are serious setbacks for American decision making

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Speaker 8: where we can't implement the hard fought wins that these

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Speaker 8: agencies get. And or the reverse is those cuts that

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Speaker 8: are embedded in those those annual spending bills don't get

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Speaker 8: implemented if it's in a continuing resolution. So it's it's

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Speaker 8: incapacitating the executive branch to a large degree.

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Speaker 2: Well, so Genie raises the question is the prevailing wisdom

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Speaker 2: here in Washington on all sides, seems to be no

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Speaker 2: one wants the government to shut down because it's a

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Speaker 2: bad look politically when you're trying to get re elected

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Speaker 2: into the House, for example. But is it not also

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Speaker 2: a bad look politically to not be able to just

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Speaker 2: sort out the appropriations bills as required, kicking the can

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Speaker 2: down the road. Yet again, is that really what voters

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Speaker 2: want of their elected representatives.

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Speaker 10: I don't think anybody wants any of this. And you're

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Speaker 10: absolutely right, Kayley, it is bad politics, and Mike Johnson

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Speaker 10: knows it. Everybody knows it. You don't shut down the

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Speaker 10: government that said, our Congress has done things that are

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Speaker 10: bad politics and that everybody says are just the height

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Speaker 10: of craziness. So while I don't think it's going to happen,

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Speaker 10: you can't say for certain at this point, you know,

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Speaker 10: and of course, this is no way to budget. And

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Speaker 10: as the White House says in their statement that Joe

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Speaker 10: was just reading, this is no way to run a government.

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Speaker 4: You don't run from.

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Speaker 10: CR to CR to CR. We've got to get on

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Speaker 10: both sides, not just with Republicans, on both sides to

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Speaker 10: a sound fiscal budgeting policy. Everybody knows how to do it,

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Speaker 10: and yet the politics of this thing have prevented it

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Speaker 10: for so long. And just as an example of that,

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Speaker 10: I mean the inclusion of the Save Act here is

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Speaker 10: basically Mike Johnson saying to his base and to Republicans,

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Speaker 10: look at I am serving you. Please please, you know,

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Speaker 10: re elect me when my vote comes up. That is

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Speaker 10: a way to budget as well. We know that you

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Speaker 10: can only vote in this country if you are a citizen.

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Speaker 10: So why are we trying to guard again something that

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Speaker 10: is already clearly illegal.

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Speaker 5: Well, we're just a day out from the big presidential debate,

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Speaker 5: and I do want to ask you both about news

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Speaker 5: on the campaign trail. I'm sure Donald Trump will make

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Speaker 5: a phone call to Michael Johnson at some point about

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Speaker 5: the stopgap here. But there's a story in the Wall

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Speaker 5: Street Journal Rick It's called Trump's problem in Michigan, and

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Speaker 5: it goes to ground in one of the most important

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Speaker 5: counties and arguably the most important state in the nation

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Speaker 5: here for winning the election. With some local party leaders

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Speaker 5: in Macombe County, one of four the Trump campaign has

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Speaker 5: pegged is must win, party leaders locally are refusing to

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Speaker 5: follow the Trump campaign's ground strategy, which relies on an

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Speaker 5: app to identify persuadable voters. They are pledging instead to

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Speaker 5: use their own tried and true system to decide which

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Speaker 5: homes to visit. As a result, they've not been able

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Speaker 5: to start knocking on doors in August. They were not

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Speaker 5: able to because of the disagreement. As somebody who's run

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Speaker 5: a presidential campaign, Rick, what does this isolated example tell

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Speaker 5: you about the greater organization?

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Speaker 8: Well, this, this isolight example is just that in a

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Speaker 8: much broader and much more systemic problem with the Michigan

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Speaker 8: GOP a couple of years ago it was taken over

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Speaker 8: by a bunch of MAGA America firsters. You know, this

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Speaker 8: is the GOP that gave us Gerald Ford and George

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Speaker 8: Romney and you know, had a history of domination in

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Speaker 8: you know, having Republicans occupy both the House, the Senate,

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Speaker 8: and the governorship and and and now they can't win

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Speaker 8: a single statewide and actually fear turning over all three

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Speaker 8: chambers to the Democrats this year, including potentially a presidential win.

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Speaker 8: So this is a fall from grace like none we've seen.

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Speaker 8: And even Donald Trump has had to intercede, and you know,

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Speaker 8: to try and save his own campaign there and elect

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Speaker 8: Pete Hoakstrom, the a rhino in any other given year,

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Speaker 8: to the chairmanship, which is upset his own team. So

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Speaker 8: there's mass confusion there's not a lot of money available,

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Speaker 8: and volunteers are hard to get because they're fighting.

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Speaker 7: With each other.

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Speaker 8: So I would say it could cost the Trump campaign

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Speaker 8: the election in Michigan because I would say this would

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Speaker 8: at least attribute one or two percentage points to the

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Speaker 8: online and not being able to get out your vote.

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Speaker 5: Well huge.

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Speaker 2: Well so, Genie, does that mean Kamala Harris should double

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Speaker 2: down on the ground game in Michigan or she could

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Speaker 2: divert more resources elsewhere if the Trump campaign is disorganized there.

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Speaker 10: You know she's got a lot of resources. As we've

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Speaker 10: talked about, I think she needs to double down. I

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Speaker 10: think Democrats know what happened in the Midwest and the

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Speaker 10: Rust Belt to Hillary Clinton. They can't risk it. And

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Speaker 10: as we've seen from the polls the New York Times

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Speaker 10: just the latest poll to show this is on a

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Speaker 10: knife's edge. She does not buy any stretch of the

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Speaker 10: imagination have this thing wrapped up. She is the underdog.

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Speaker 10: So double down on that and thank your lucky stars

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Speaker 10: that Republicans are in disarray in Michigan, because it's a

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Speaker 10: good sign for Democrats.

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Speaker 4: They can fight hard there.

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Speaker 10: Mostly they've got to fight really, really hard and continually

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Speaker 10: in the place where she seems to be moving in now,

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Speaker 10: which is Pennsylvania.

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Speaker 2: All right, Jeanie Shanzeno and Rick Davis our signature political panel,

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Speaker 2: Thank you so much. Will of course have more from

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Speaker 2: Rick and Jeanie later on today and tomorrow as we

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Speaker 2: beat drum toward the presidential debate, in which we'll see

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Speaker 2: Donald Trump and Kamala Harris sharing a stage.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

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Speaker 1: Just Live weekdays at noon Eastern on Apple car Play

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Speaker 1: and then roudo with the Bloomberg Business app. Listen on

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Speaker 1: demand wherever you get your podcasts, or watch us live

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Speaker 1: on YouTube.

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Speaker 2: Joe and I hear as we keep an eye on

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Speaker 2: Washington and all of things political. Are also just fascinating,

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Speaker 2: fascinated by these new product developments from Apple AirPods that

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Speaker 2: act as a hearing aid effectively. This feels like pretty

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Speaker 2: revolutionary stuff, at least for a technology company, not a

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Speaker 2: medical device company.

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Speaker 5: You got the pro air pods with the noise canceling right,

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Speaker 5: so that now that becomes a feature on the standard

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Speaker 5: regular air pods. But to see this hearing prevention, hearing test,

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Speaker 5: hearing aid could be a major disruption. As Mark German says,

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Speaker 5: he was ahead of a lot of this stuff that

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Speaker 5: we're learning today, but this is.

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Speaker 2: A new one well, and it's interesting. We have the

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Speaker 2: hearing aid element of the air pods, you have the

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Speaker 2: sleep apnea element of the new watch. Already we know

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Speaker 2: that Apple had been adding more and more health features

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Speaker 2: to this technology, but it is interesting to see the

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Speaker 2: nexes here and it makes you wonder what some of

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Speaker 2: these medical device companies that like those that make hearing aids,

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Speaker 2: how they'll be impacted.

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Speaker 5: This stuff sells for sure. Ed Lovelo is doing a

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Speaker 5: great job keeping us posted on what's happening in couper.

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Speaker 5: Tino will let you know when we learn more about AI.

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Speaker 5: That was also a big part of this year with

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Speaker 5: the new They just announced we've got this year with

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Speaker 5: Intelligence six, so they're calling it Apple Intelligence. That's pretty

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Speaker 5: good branding on the AI front here right. The question

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Speaker 5: is what will it mean for the consumer and to

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Speaker 5: what extent will these features inspire people to upgrade. They're

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Speaker 5: talking about a super cycle. This could be the secret ingredient.

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Speaker 5: Mickmulvaney's got to be excited about all of this. The

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Speaker 5: former acting White House Chief staff, the Trump White House course,

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Speaker 5: former member of Congress, co founder the Freedom Caucus. I'm

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Speaker 5: guessing you're an Apple guy, Mick. Are you going to

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Speaker 5: tell me you're you're an Android guy because you're an

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Speaker 5: open source type? Which is it?

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Speaker 11: No, I'm an Apple guy. It's just easier to have

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Speaker 11: everything to each other. I'm a little concerned about buying

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Speaker 11: medical devices from a consumer products company, but yeah, I'm

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Speaker 11: sure we'll have the.

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Speaker 9: Way to handle that.

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Speaker 5: I'm sure that's true. Of course, we wanted to talk

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Speaker 5: to you about politics today and whether the government's going

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Speaker 5: to shut down at the end of this month. And

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Speaker 5: I know nobody's talking about that yet, Mick. But when

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Speaker 5: you look at the response from the White House to

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Speaker 5: this cr proposal, knowing that Democrats don't like the Save

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Speaker 5: Act because well, it make something illegal that's already illegal,

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Speaker 5: and then you've got members of your own, your old

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Speaker 5: Freedom Caucus, Tom Massey the first to say no more stopgaps.

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Speaker 5: So how hard is this going to be this time?

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Speaker 11: Oh, it's going to be the exact, exact same difficulty

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Speaker 11: as it is every single time we do this. I mean,

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Speaker 11: I'm surprised, you know what we could do, y'all is

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Speaker 11: just whatever. Go back a year, see whatever conversation we

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Speaker 11: had about the government shutdown last time, and play the

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Speaker 11: exact same clips.

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Speaker 9: Then we could take the rest of the afternoon off.

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Speaker 11: You're going to have the Defense Depon saying how bad

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Speaker 11: a stop gap is. You can have the Democrats wailing

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Speaker 11: and National Teeth saying people won't get paid and things

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Speaker 11: are going to you know, the museums are going to close,

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Speaker 11: et cetera. And the Republicans will talk about the thirty

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Speaker 11: six trillion dollar debt. I used had to change the

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Speaker 11: number because it we used to be only thirty two

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Speaker 11: or thirty three last year. Somebody we could dub that in.

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Speaker 11: But it's going to be the exact same conversation, and

437
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Speaker 11: my guess is the exact same dynamics. They'll either be

438
00:22:33,119 --> 00:22:36,479
Speaker 11: a very short term shutdown or they'll go right up

439
00:22:36,520 --> 00:22:40,440
Speaker 11: to the final moments and do some sort of short

440
00:22:40,480 --> 00:22:43,960
Speaker 11: term stop gaps. But overall, the spending is not going

441
00:22:44,000 --> 00:22:47,199
Speaker 11: to change. Washington's not going to change. So until you

442
00:22:47,280 --> 00:22:50,160
Speaker 11: get something dramatic, we're just gonna do the same old

443
00:22:50,160 --> 00:22:50,720
Speaker 11: song and dance.

444
00:22:52,040 --> 00:22:54,959
Speaker 2: But this stop gap in particular, isn't that short term

445
00:22:55,400 --> 00:22:59,520
Speaker 2: Johnson wants this six months extension until March, when we'll

446
00:22:59,560 --> 00:23:01,840
Speaker 2: have a new president and could very well have a

447
00:23:01,960 --> 00:23:04,240
Speaker 2: new Congress. Make do you read that as a bet

448
00:23:04,280 --> 00:23:07,400
Speaker 2: that Johnson wants to have this fight with a new

449
00:23:07,480 --> 00:23:10,280
Speaker 2: administration or potentially be the one to still spearhead this

450
00:23:11,000 --> 00:23:13,800
Speaker 2: as House speaker. Two things need to happen for that,

451
00:23:13,920 --> 00:23:16,720
Speaker 2: right the House, Republicans need to retain the majority, and

452
00:23:16,760 --> 00:23:19,040
Speaker 2: they still need to decide again that they might want

453
00:23:19,080 --> 00:23:20,240
Speaker 2: Mike Johnson in charge.

454
00:23:20,800 --> 00:23:23,080
Speaker 11: I mean, put yourself the Republican you know, the Republican

455
00:23:23,200 --> 00:23:25,320
Speaker 11: shoes in the House. Right, We've only got one branch

456
00:23:25,359 --> 00:23:27,720
Speaker 11: of government right now. We think we're going to take

457
00:23:27,760 --> 00:23:29,560
Speaker 11: the Senate. We've got a fifty to fifty chance to

458
00:23:29,560 --> 00:23:31,240
Speaker 11: take in the White House. So why cut a whole

459
00:23:31,320 --> 00:23:33,880
Speaker 11: year long deal now where you can sort of take

460
00:23:33,920 --> 00:23:36,040
Speaker 11: the chance you get past the next election and maybe

461
00:23:36,040 --> 00:23:38,920
Speaker 11: get a little bit better deal. Keep in mind, they

462
00:23:38,920 --> 00:23:42,240
Speaker 11: did the same thing back in twenty sixteen, thinking that

463
00:23:42,359 --> 00:23:44,320
Speaker 11: when if the Republicans ran the table, we'd.

464
00:23:44,200 --> 00:23:46,080
Speaker 9: Get a great spending deal, and we didn't.

465
00:23:46,119 --> 00:23:47,920
Speaker 11: We had the House, the Senate, and the White House,

466
00:23:48,160 --> 00:23:50,400
Speaker 11: and the Republicans effectively did the same thing the Democrats

467
00:23:50,440 --> 00:23:52,119
Speaker 11: have been doing, which is to spend a lot of money.

468
00:23:52,200 --> 00:23:54,440
Speaker 11: By the way, that brings no joy to the former

469
00:23:54,480 --> 00:23:57,120
Speaker 11: budget director to say that, but that's the way Washington works,

470
00:23:57,160 --> 00:23:59,960
Speaker 11: especially for sixty votes sixty vote.

471
00:23:59,800 --> 00:24:00,600
Speaker 9: Rule in the Senate.

472
00:24:00,640 --> 00:24:05,000
Speaker 11: So yeah, look, ultimately, you do what the Senate wants

473
00:24:05,240 --> 00:24:08,159
Speaker 11: because the House doesn't have to be bipartisan, and the

474
00:24:08,200 --> 00:24:11,639
Speaker 11: Senate does, so the Senate usually gets what it wants

475
00:24:11,640 --> 00:24:14,480
Speaker 11: on this unless the House or the White House is

476
00:24:14,480 --> 00:24:17,480
Speaker 11: willing to stomach a government shutdown. Donald Trump was willing

477
00:24:17,480 --> 00:24:20,080
Speaker 11: to have that battle for what forty five days, But

478
00:24:20,119 --> 00:24:23,199
Speaker 11: my guess is that Mike Johnson doesn't have the stomach

479
00:24:23,240 --> 00:24:25,640
Speaker 11: for that going into an election, and certainly the White

480
00:24:25,640 --> 00:24:26,840
Speaker 11: House doesn't want to see a shutdown.

481
00:24:27,920 --> 00:24:30,680
Speaker 5: Kind of interesting, Mick to see Donald Trump warming up

482
00:24:30,800 --> 00:24:34,720
Speaker 5: to cannabis over the past week or so. First, he

483
00:24:34,800 --> 00:24:38,080
Speaker 5: said he would vote for this, well, priesty said he'd

484
00:24:38,119 --> 00:24:41,439
Speaker 5: vote for this referendum in Florida. Now he says he

485
00:24:41,480 --> 00:24:46,240
Speaker 5: supports federally rescheduling marijuana, which has been extremely controversial and

486
00:24:46,280 --> 00:24:48,560
Speaker 5: a non starter for a lot of Republicans, as well

487
00:24:48,600 --> 00:24:52,360
Speaker 5: as the Safe Banking Act. He is open to providing

488
00:24:52,400 --> 00:24:56,720
Speaker 5: banking services to companies in the cannabis industry. What do

489
00:24:56,800 --> 00:24:59,280
Speaker 5: you make of this? I'm assuming this is not second

490
00:24:59,359 --> 00:25:02,760
Speaker 5: nature to your former boss. What's inspiring him to go here?

491
00:25:02,800 --> 00:25:06,080
Speaker 5: And could this actually give Republicans in the House the

492
00:25:06,080 --> 00:25:08,440
Speaker 5: green light or in the Senate for that matter. It's

493
00:25:08,480 --> 00:25:10,800
Speaker 5: already past the House a dozen times or something to

494
00:25:10,840 --> 00:25:12,800
Speaker 5: move ahead with the Safe Banking Act.

495
00:25:13,720 --> 00:25:14,600
Speaker 9: Yeah, a couple things.

496
00:25:14,640 --> 00:25:16,440
Speaker 11: Let's be clear when you say Donald Trump is warming

497
00:25:16,520 --> 00:25:19,359
Speaker 11: up to cannabis, that's figurative and not literal, just to

498
00:25:19,359 --> 00:25:24,439
Speaker 11: be clear, fair enough, the Safe Act is sort of

499
00:25:24,440 --> 00:25:25,639
Speaker 11: off on it. So the Safe Act is a good

500
00:25:25,640 --> 00:25:28,000
Speaker 11: piece of legislation. And I'm not just saying that because

501
00:25:28,000 --> 00:25:31,960
Speaker 11: I co sponsored whether with the Pearl Mutter several years ago.

502
00:25:32,320 --> 00:25:34,480
Speaker 11: It's the one that essentially says, if you're dealing in

503
00:25:34,520 --> 00:25:37,199
Speaker 11: a state where it's legal, you can have access to

504
00:25:37,200 --> 00:25:40,440
Speaker 11: the financial services industries. Right now you can't. And most

505
00:25:40,480 --> 00:25:42,879
Speaker 11: of the cannabis business in this country is done in cash,

506
00:25:42,920 --> 00:25:46,720
Speaker 11: which is really it's not that safe. But put that aside. Look,

507
00:25:46,920 --> 00:25:50,000
Speaker 11: your larger question is a fair question, A good question.

508
00:25:50,359 --> 00:25:52,399
Speaker 11: Is Donald Trump sort of moving to the center on this?

509
00:25:52,440 --> 00:25:55,840
Speaker 11: And the answer is yes, he believes that it's a

510
00:25:55,880 --> 00:25:58,439
Speaker 11: way to pick up some of the younger voters. You know,

511
00:25:58,720 --> 00:26:02,720
Speaker 11: is core principles don't involve cannabis, right, His core principles

512
00:26:02,720 --> 00:26:06,320
Speaker 11: are things like taxes and regulation and the border and tariffs.

513
00:26:06,560 --> 00:26:09,040
Speaker 11: So he's sort of able to have a little flexibility,

514
00:26:09,040 --> 00:26:10,439
Speaker 11: at least in his own mind when it comes to

515
00:26:10,480 --> 00:26:13,280
Speaker 11: something like cannabis. So if he can find a compromise

516
00:26:14,119 --> 00:26:17,560
Speaker 11: that keeps a large number of people in Congress and

517
00:26:17,600 --> 00:26:19,959
Speaker 11: a large number of voters happy, I wouldn't surprised if

518
00:26:19,960 --> 00:26:20,480
Speaker 11: he tries.

519
00:26:20,320 --> 00:26:20,800
Speaker 9: To find that.

520
00:26:22,960 --> 00:26:26,840
Speaker 2: Finally, make one final question around your former boss, specifically

521
00:26:26,880 --> 00:26:29,680
Speaker 2: a new ad targeting him from the Harris campaign. It's

522
00:26:29,840 --> 00:26:33,480
Speaker 2: titled The Best People and shows a number of officials

523
00:26:33,480 --> 00:26:36,200
Speaker 2: from the former administration in which you served.

524
00:26:36,240 --> 00:26:36,919
Speaker 5: Here's a taste.

525
00:26:38,680 --> 00:26:41,320
Speaker 12: Donald Trump said he would choose only the best people

526
00:26:41,440 --> 00:26:44,000
Speaker 12: to work in his White House. Now those people have

527
00:26:44,040 --> 00:26:46,639
Speaker 12: a warning for America. Trump is not fit to be

528
00:26:46,720 --> 00:26:49,240
Speaker 12: president again. Here's his vice president.

529
00:26:49,480 --> 00:26:52,000
Speaker 11: Anyone who puts himself over the constitution should never be

530
00:26:52,040 --> 00:26:53,280
Speaker 11: president of the United States.

531
00:26:55,880 --> 00:26:58,640
Speaker 2: Make of course, you worked in this administration. You after

532
00:26:58,760 --> 00:27:03,000
Speaker 2: January sixth, distanced yourself a bit from the former president

533
00:27:03,040 --> 00:27:06,280
Speaker 2: you have now come back around on him. Not many

534
00:27:06,320 --> 00:27:09,040
Speaker 2: other officials from the administration have, though. Do you expect

535
00:27:09,040 --> 00:27:11,520
Speaker 2: that will be happening before November or are they distance

536
00:27:11,560 --> 00:27:12,000
Speaker 2: for a reason.

537
00:27:13,160 --> 00:27:15,679
Speaker 9: I don't know if that's entirely correct.

538
00:27:15,680 --> 00:27:17,199
Speaker 11: I know of a lot of Republicans who did not

539
00:27:17,280 --> 00:27:19,800
Speaker 11: support Donald Trump during the primaries, as I did not.

540
00:27:19,840 --> 00:27:22,639
Speaker 9: I didn't support anybody. We're saying, look, you give.

541
00:27:22,480 --> 00:27:25,760
Speaker 11: Me a choice between Kamala Harris and Donald Trump. I

542
00:27:25,840 --> 00:27:29,840
Speaker 11: vote for Donald con I'm thinking so, and I mean

543
00:27:29,920 --> 00:27:32,480
Speaker 11: no disrespect like that. I know Joe mentioned that last time,

544
00:27:32,600 --> 00:27:34,119
Speaker 11: so I just called her Kama for so long. I

545
00:27:34,200 --> 00:27:37,960
Speaker 11: keep forgetting it's Kamala. But look, Bill bart I said

546
00:27:37,960 --> 00:27:40,120
Speaker 11: he's going to vote for Trump. I'm voting for Donald Trump.

547
00:27:40,160 --> 00:27:41,840
Speaker 11: A lot of folks who ran against him in the primary,

548
00:27:41,880 --> 00:27:43,960
Speaker 11: nik Yaley is voting for Donald Trump.

549
00:27:44,000 --> 00:27:45,119
Speaker 9: So look, I get it.

550
00:27:45,200 --> 00:27:47,240
Speaker 11: I know he rubs a lot of people the wrong way,

551
00:27:47,880 --> 00:27:49,720
Speaker 11: especially folks who in the military. I think if you

552
00:27:49,760 --> 00:27:51,359
Speaker 11: went through that, I didn't see that ad I can

553
00:27:51,400 --> 00:27:52,800
Speaker 11: only hear it. But my guess is a lot of

554
00:27:52,840 --> 00:27:55,840
Speaker 11: the folks are former military, and why Donald Trump thought

555
00:27:55,840 --> 00:27:58,000
Speaker 11: he'd get along with folks who are lifetime military. I

556
00:27:58,040 --> 00:28:02,439
Speaker 11: have no idea, but clearly Jim maddis John Kelly really

557
00:28:02,480 --> 00:28:03,720
Speaker 11: really don't like the president.

558
00:28:03,840 --> 00:28:04,600
Speaker 9: I get that.

559
00:28:04,680 --> 00:28:07,080
Speaker 11: What I can't get, Kaylee, is this whole you know,

560
00:28:07,720 --> 00:28:10,120
Speaker 11: Dick Cheney lose Cheney saying they're going to actually vote

561
00:28:10,119 --> 00:28:13,240
Speaker 11: for Joe Biden. That to my that makes me wonder

562
00:28:13,240 --> 00:28:15,560
Speaker 11: if they were really Republican in the first place. I

563
00:28:15,640 --> 00:28:17,480
Speaker 11: can see Republicans that say, you know what, I can't

564
00:28:17,480 --> 00:28:19,960
Speaker 11: bring myself to vote for Trump, but to vote for

565
00:28:20,000 --> 00:28:23,480
Speaker 11: the most progressive, left wing candidate this country's ever seen before.

566
00:28:23,720 --> 00:28:25,560
Speaker 11: That tells me a lot about the more about the

567
00:28:25,640 --> 00:28:27,520
Speaker 11: Cheney's than it does about Donald Trump.

568
00:28:28,680 --> 00:28:31,880
Speaker 5: Interesting. Well, I'll be curious to hear your thoughts following

569
00:28:32,000 --> 00:28:33,600
Speaker 5: the debate and Thatch come back and talk to suon

570
00:28:33,680 --> 00:28:36,520
Speaker 5: Nick mulvaney with us here live on Ballots of Power

571
00:28:36,560 --> 00:28:38,240
Speaker 5: on Bloomberg TV and Radio.

572
00:28:38,320 --> 00:28:38,560
Speaker 7: Again.

573
00:28:38,600 --> 00:28:41,360
Speaker 5: We will have special coverage of the debate tomorrow night.

574
00:28:41,440 --> 00:28:43,880
Speaker 5: Kayley and I will be here live from Washington along

575
00:28:43,920 --> 00:28:46,840
Speaker 5: with our signature panels starting at eight pm Eastern time.

576
00:28:47,200 --> 00:28:49,440
Speaker 5: The Governor of Connecticut, Kaylee's going to be watching too,

577
00:28:49,480 --> 00:28:51,520
Speaker 5: and we have an opportunity to talk to Ned Lamont

578
00:28:51,600 --> 00:28:55,800
Speaker 5: right now from my former native state, well my former state,

579
00:28:55,800 --> 00:28:58,080
Speaker 5: I guess it's still my native state, the Nutmeg state.

580
00:28:58,160 --> 00:29:02,239
Speaker 5: He's speaking on behalf of the Harris Walls campaign as

581
00:29:02,320 --> 00:29:06,920
Speaker 5: a supporter Governor Lamont, welcome back to Bloomberg TV and Radio.

582
00:29:07,000 --> 00:29:09,560
Speaker 5: It's good to see you. What is job number one

583
00:29:10,040 --> 00:29:13,080
Speaker 5: for Kamala Harris tomorrow night. Knowing these two have never met,

584
00:29:13,080 --> 00:29:19,160
Speaker 5: they've never shared a stage together, never mind a political debate, well.

585
00:29:19,000 --> 00:29:21,640
Speaker 13: Sometimes I think that Donald Trump is a professional debater.

586
00:29:21,840 --> 00:29:24,560
Speaker 13: But I think Kamala knows how to get things done.

587
00:29:24,680 --> 00:29:26,840
Speaker 13: I come out of small business. I started up a

588
00:29:26,880 --> 00:29:30,920
Speaker 13: telecommunications company. I love the fact that she wants to

589
00:29:30,920 --> 00:29:34,440
Speaker 13: be a champion for small business. More new business startups

590
00:29:34,480 --> 00:29:37,400
Speaker 13: than ever before. Make it easier to start up a

591
00:29:37,400 --> 00:29:40,680
Speaker 13: small business, make it easier for get that first loan,

592
00:29:40,760 --> 00:29:42,960
Speaker 13: Make it easier for you to get a child in daycare.

593
00:29:43,320 --> 00:29:46,360
Speaker 13: Clear away some of that red tape. She can show

594
00:29:46,440 --> 00:29:49,240
Speaker 13: she's a champion for small business. She is a champion

595
00:29:49,320 --> 00:29:49,920
Speaker 13: for all of us.

596
00:29:51,760 --> 00:29:54,120
Speaker 2: Well, of course small businesses. As we've seen in the

597
00:29:54,160 --> 00:29:58,560
Speaker 2: last several years, Governor have felt inflation pretty severely. Most

598
00:29:58,600 --> 00:30:01,920
Speaker 2: in terms of the goods of people that they need

599
00:30:02,480 --> 00:30:04,959
Speaker 2: to hire. Are you concerned that some of these policies

600
00:30:05,040 --> 00:30:07,760
Speaker 2: that Harris is outlining that are intended to support small

601
00:30:07,760 --> 00:30:11,680
Speaker 2: business could actually be inflationary, add to the deficit, and

602
00:30:11,720 --> 00:30:14,160
Speaker 2: actually ultimately have a negative economic effect.

603
00:30:15,800 --> 00:30:15,880
Speaker 11: No.

604
00:30:16,080 --> 00:30:19,600
Speaker 13: I think Biden Harris has been pretty good at bringing

605
00:30:19,640 --> 00:30:23,080
Speaker 13: down inflation. Obviously, we had big spike coming out of COVID.

606
00:30:23,360 --> 00:30:26,840
Speaker 13: What I worry about is Donald Trump and terrorists anywhere

607
00:30:26,840 --> 00:30:29,120
Speaker 13: from ten to one hundred percent. Let me tell you

608
00:30:29,120 --> 00:30:30,960
Speaker 13: what that would do to inflation. Let me tell you

609
00:30:31,000 --> 00:30:34,120
Speaker 13: that would be the biggest middle class tax increatic we've

610
00:30:34,160 --> 00:30:35,080
Speaker 13: seen in many a year.

611
00:30:37,000 --> 00:30:40,720
Speaker 5: Well, okay, And Kamala Harris has some blanks to fill

612
00:30:40,760 --> 00:30:44,000
Speaker 5: in when it comes to her economic proposals. There are

613
00:30:44,000 --> 00:30:46,400
Speaker 5: a lot of questions, for instance, about what her energy

614
00:30:46,440 --> 00:30:49,440
Speaker 5: policy would be. We know that she no longer wants

615
00:30:49,480 --> 00:30:52,480
Speaker 5: to see a ban on fracking, but Donald Trump says

616
00:30:52,480 --> 00:30:55,840
Speaker 5: he wants to unlock American energy that drill, baby drill

617
00:30:55,880 --> 00:30:58,920
Speaker 5: will be the centerpiece of his fight against inflation. Well,

618
00:30:59,000 --> 00:31:01,360
Speaker 5: Kamala Harris, for an instance, bring an end to the

619
00:31:01,400 --> 00:31:05,240
Speaker 5: moratorium on LNG exports. Can she make some news there

620
00:31:05,280 --> 00:31:08,800
Speaker 5: tomorrow that might bring some sunlight between herself and Joe Biden.

621
00:31:10,520 --> 00:31:12,680
Speaker 13: Well, I don't want to get ahead of what the

622
00:31:12,760 --> 00:31:15,400
Speaker 13: Vice President's going to say tomorrow. I can tell you

623
00:31:16,360 --> 00:31:19,640
Speaker 13: under Biden Harris there's been more new energy production and

624
00:31:19,720 --> 00:31:23,480
Speaker 13: that we're producing more energy than ever before, and I

625
00:31:23,480 --> 00:31:26,000
Speaker 13: think they're doing it cautiously. They're trying to preserve our

626
00:31:26,080 --> 00:31:28,880
Speaker 13: open spaces as best as we can. I come from

627
00:31:28,920 --> 00:31:31,200
Speaker 13: a state Connecticut where we've got to bring in more

628
00:31:31,600 --> 00:31:34,920
Speaker 13: energy resources to bring down the price of electricity. So

629
00:31:34,960 --> 00:31:37,920
Speaker 13: I very much look forward to work with President Harris

630
00:31:37,960 --> 00:31:38,239
Speaker 13: on that.

631
00:31:40,080 --> 00:31:41,840
Speaker 2: Well, Governor, I'm sure you've seen the new New York

632
00:31:41,840 --> 00:31:44,320
Speaker 2: Times Sienna pol that finds Trump one point ahead of

633
00:31:44,320 --> 00:31:46,680
Speaker 2: her nationally, within the margin of era. But it also

634
00:31:46,720 --> 00:31:51,000
Speaker 2: finds that forty seven percent of those surveyed likely voters

635
00:31:51,160 --> 00:31:54,920
Speaker 2: view Vice President Harris as too liberal. How can she

636
00:31:55,080 --> 00:31:56,440
Speaker 2: correct that?

637
00:31:56,520 --> 00:32:02,080
Speaker 13: Thinking be a dead heat this race, So that's why

638
00:32:02,160 --> 00:32:05,960
Speaker 13: every vote matters so much. Look, I think they will

639
00:32:06,000 --> 00:32:08,760
Speaker 13: try and portray her as very liberal. You'll come back

640
00:32:08,800 --> 00:32:11,480
Speaker 13: and say I was a tough prosecutor, I put criminals

641
00:32:11,520 --> 00:32:15,600
Speaker 13: behind bars. I'm a champion for small business. Donald Trump

642
00:32:15,680 --> 00:32:18,880
Speaker 13: is a champion for big business and crony capitalism. I

643
00:32:18,880 --> 00:32:21,120
Speaker 13: think she'll have to stay on offense to say she

644
00:32:21,280 --> 00:32:25,240
Speaker 13: believes in the same American dream you do, Governor.

645
00:32:25,280 --> 00:32:27,720
Speaker 5: I grew up in a small town in northeast Connecticut

646
00:32:27,760 --> 00:32:30,880
Speaker 5: that was a big manufacturing hub in the olden days.

647
00:32:30,920 --> 00:32:33,600
Speaker 5: All of the factories there closed when I was growing up,

648
00:32:33,600 --> 00:32:37,040
Speaker 5: and they all became antique stores. What will Kamala Harris

649
00:32:37,080 --> 00:32:42,400
Speaker 5: do to bring manufacturing back to America? What town was

650
00:32:42,440 --> 00:32:43,440
Speaker 5: that we got to do better?

651
00:32:43,800 --> 00:32:47,440
Speaker 13: I will tell you, Joe that we have more manufacturing

652
00:32:47,480 --> 00:32:50,320
Speaker 13: going on in this state than we have in a generation.

653
00:32:50,880 --> 00:32:52,920
Speaker 13: A lot of that is defense related, a lot of

654
00:32:52,960 --> 00:32:56,800
Speaker 13: that is new startups. Manufacturing is all shoring over the

655
00:32:56,920 --> 00:32:59,880
Speaker 13: last five years as it becomes more capital and ten.

656
00:33:00,120 --> 00:33:03,040
Speaker 13: So the quality of your workforce able to work with

657
00:33:03,080 --> 00:33:06,640
Speaker 13: this computerized equipment is very important, and I think that's

658
00:33:06,680 --> 00:33:08,960
Speaker 13: why you see manufacturing a big piece of our state

659
00:33:09,000 --> 00:33:09,560
Speaker 13: in the future.

660
00:33:10,840 --> 00:33:14,160
Speaker 5: The beautiful city of Putnam, Connecticut, Kaylee, the Quiet.

661
00:33:13,880 --> 00:33:16,000
Speaker 2: Corner they call it all Right, I've never been.

662
00:33:19,360 --> 00:33:22,640
Speaker 1: You're listening to the Bloomberg Balance of Power podcast can

663
00:33:22,840 --> 00:33:25,760
Speaker 1: just live weekdays at noon Eastern on Applecarplay and.

664
00:33:25,840 --> 00:33:27,960
Speaker 7: Enron Oto with the Bloomberg Business app.

665
00:33:28,000 --> 00:33:30,840
Speaker 1: You can also listen live on Amazon Alexa from our

666
00:33:30,880 --> 00:33:34,480
Speaker 1: flagship New York station. Just say Alexa play Bloomberg.

667
00:33:34,480 --> 00:33:39,200
Speaker 5: Eleven thirty, the ninth day of the ninth month, and

668
00:33:39,240 --> 00:33:42,320
Speaker 5: that means we have fifty seven days to the election.

669
00:33:42,480 --> 00:33:44,800
Speaker 5: We are now on fast forward. Remember we talked about

670
00:33:44,800 --> 00:33:47,200
Speaker 5: the sprint coming out of Labor Day. Here it is,

671
00:33:47,800 --> 00:33:49,840
Speaker 5: with the candidates hunkered down today ahead of the big

672
00:33:49,880 --> 00:33:52,400
Speaker 5: debate tomorrow night. If you haven't heard me say this,

673
00:33:52,960 --> 00:33:56,720
Speaker 5: special coverage here on Bloomberg tomorrow night starts eight pm

674
00:33:56,800 --> 00:33:59,560
Speaker 5: Eastern Time. Myself, Kaylee, lines Rick and Janie will be

675
00:33:59,600 --> 00:34:02,320
Speaker 5: with us and we'll go through it all together with

676
00:34:02,400 --> 00:34:05,800
Speaker 5: Donald Trump and Kamala Harris, their first and maybe only

677
00:34:05,960 --> 00:34:09,640
Speaker 5: debate of the cycle. In fact, they have never met before,

678
00:34:11,280 --> 00:34:13,279
Speaker 5: and it's going to be interesting to see what we

679
00:34:13,400 --> 00:34:16,839
Speaker 5: get here. She's in Pittsburgh still for debate prep, where

680
00:34:16,880 --> 00:34:19,879
Speaker 5: she's been since Thursday, and we'll travel to Philadelphia, we're told,

681
00:34:20,040 --> 00:34:23,640
Speaker 5: late afternoon, so she wakes up in the city tomorrow

682
00:34:23,800 --> 00:34:26,360
Speaker 5: where the fight will be had. Of course, Donald Trump

683
00:34:26,400 --> 00:34:30,040
Speaker 5: preparing in his own way as Congress returns to Washington.

684
00:34:30,520 --> 00:34:32,400
Speaker 5: You can feel it in the air. This will be

685
00:34:32,400 --> 00:34:35,759
Speaker 5: the last less than or sub hour long commute. I

686
00:34:35,800 --> 00:34:38,800
Speaker 5: figure I'll have to work today for a minute. After

687
00:34:38,960 --> 00:34:43,200
Speaker 5: six weeks of summer recess. I think that's more than

688
00:34:43,239 --> 00:34:47,319
Speaker 5: my kid got from school. Lawmaker's coming back today, and

689
00:34:47,360 --> 00:34:48,920
Speaker 5: they have to figure out how to fund the government.

690
00:34:48,960 --> 00:34:50,799
Speaker 5: We're going to talk a lot more about this coming up.

691
00:34:51,000 --> 00:34:53,080
Speaker 5: Big Rules Committee meeting tonight will give us a sense

692
00:34:53,120 --> 00:34:55,560
Speaker 5: of whether this sees the light of day. By the way,

693
00:34:55,680 --> 00:34:59,080
Speaker 5: it probably won't. Now. One of the other big events

694
00:34:59,080 --> 00:35:02,600
Speaker 5: happening on Capitol Hill and today in Washington as lawmaker's

695
00:35:02,600 --> 00:35:06,000
Speaker 5: return is the release of this investigative report on the

696
00:35:06,120 --> 00:35:10,040
Speaker 5: US withdrawal from Afghanistan. This is coming from the Republican

697
00:35:10,160 --> 00:35:12,880
Speaker 5: led House and it brings us to the story here

698
00:35:12,920 --> 00:35:16,440
Speaker 5: on the terminal. Dan Flatley Tony Capassio sharing the byeline.

699
00:35:16,800 --> 00:35:21,200
Speaker 5: Republicans accused Biden team of lying about Afghanistan pull out.

700
00:35:21,239 --> 00:35:23,520
Speaker 5: Dan Flatley is with us right now from Bloomberg's National

701
00:35:23,600 --> 00:35:26,040
Speaker 5: Security team. It's good to see you, Dan. You saw

702
00:35:26,040 --> 00:35:28,439
Speaker 5: this report coming. Did we learn anything new?

703
00:35:29,360 --> 00:35:31,719
Speaker 14: We didn't learn a whole heck of a lot new.

704
00:35:31,800 --> 00:35:35,920
Speaker 14: I mean, this withdrawal has been litigated, reported on for

705
00:35:36,000 --> 00:35:39,120
Speaker 14: the last three years since it actually happened.

706
00:35:40,000 --> 00:35:40,680
Speaker 7: But what we.

707
00:35:40,719 --> 00:35:44,840
Speaker 14: Did see is basically a portrait painted by the House

708
00:35:44,920 --> 00:35:49,240
Speaker 14: GOP under the Foreign Affairs Committee under Chairman Michael mccauff,

709
00:35:49,280 --> 00:35:52,359
Speaker 14: Texas of an administration that was just sort of so

710
00:35:53,000 --> 00:35:56,960
Speaker 14: concerned about the public perceptions of how all this was

711
00:35:57,040 --> 00:36:00,520
Speaker 14: going down that they really hid information from the public

712
00:36:01,120 --> 00:36:03,160
Speaker 14: and they tried to make it appear as though everything

713
00:36:03,320 --> 00:36:07,239
Speaker 14: was proceeding as normal until it wasn't. So the administration

714
00:36:07,400 --> 00:36:10,200
Speaker 14: has commented on this in the past. There was a

715
00:36:10,239 --> 00:36:14,680
Speaker 14: State Department report separate from the administration comment that did

716
00:36:14,719 --> 00:36:19,560
Speaker 14: find fault with both Trump and Biden administrations on this.

717
00:36:20,040 --> 00:36:22,359
Speaker 14: But what we see now is a little bit more

718
00:36:22,560 --> 00:36:26,759
Speaker 14: detail in terms of the timeline, who knew what, when

719
00:36:26,800 --> 00:36:29,520
Speaker 14: they knew it, and how that was all communicated to

720
00:36:29,560 --> 00:36:30,000
Speaker 14: the public.

721
00:36:30,120 --> 00:36:33,080
Speaker 5: This seems to be in part about focusing or even

722
00:36:33,160 --> 00:36:37,600
Speaker 5: refocusing blame. With more than two hundred and thirty references

723
00:36:37,640 --> 00:36:41,839
Speaker 5: to the Biden Harris administration, they do not draw any

724
00:36:41,840 --> 00:36:44,480
Speaker 5: lines directly to Kamala Harris, which I find no evidence

725
00:36:44,520 --> 00:36:48,400
Speaker 5: that she was directly involved in planning or executing the plan.

726
00:36:48,680 --> 00:36:51,160
Speaker 5: Gregory Meeks, the ranking member on that committee calls this

727
00:36:51,280 --> 00:36:55,160
Speaker 5: a partisan report, so we should qualify this, I guess

728
00:36:55,200 --> 00:36:56,360
Speaker 5: as a Republican product.

729
00:36:56,400 --> 00:37:00,200
Speaker 14: Is that so the interviews that were conducted that from

730
00:37:00,239 --> 00:37:04,600
Speaker 14: the basis for this report were both parties were present.

731
00:37:04,680 --> 00:37:07,280
Speaker 14: So there was somebody from the Republican you know, staff,

732
00:37:07,320 --> 00:37:09,560
Speaker 14: there was somebody from the Democratic staff there. But the

733
00:37:09,600 --> 00:37:14,440
Speaker 14: report itself was the product basically of the GOP led

734
00:37:14,920 --> 00:37:19,200
Speaker 14: staff and it wasn't shown in its entirety to the

735
00:37:19,239 --> 00:37:23,840
Speaker 14: Democrats until the report was released publicly sometime last night today.

736
00:37:24,320 --> 00:37:28,720
Speaker 14: So obviously Meeks has his point of view. He feels

737
00:37:28,760 --> 00:37:31,800
Speaker 14: that this was a partisan effort to tie this to

738
00:37:32,160 --> 00:37:37,720
Speaker 14: the Biden Harris particularly administration, and the House GOP folks

739
00:37:37,800 --> 00:37:41,000
Speaker 14: say that they're just following the administration zone messaging that

740
00:37:41,040 --> 00:37:43,799
Speaker 14: the administration is now really referring to itself as the

741
00:37:43,880 --> 00:37:47,719
Speaker 14: Biden Harris administration, and so they're just following this. So,

742
00:37:48,080 --> 00:37:50,840
Speaker 14: you know, obviously we have the debate coming up tomorrow.

743
00:37:51,360 --> 00:37:55,520
Speaker 14: Trump has ramped up his criticism of the Biden administration

744
00:37:55,800 --> 00:37:59,719
Speaker 14: for the withdrawal from Afghanistan. There's a much longer, more

745
00:37:59,760 --> 00:38:01,879
Speaker 14: commonplicated story to tell about all of this.

746
00:38:02,160 --> 00:38:04,799
Speaker 5: Does it tell the story of the Trump administration's role

747
00:38:05,440 --> 00:38:08,319
Speaker 5: in this obviously little executing little plan that Donald Trump

748
00:38:08,400 --> 00:38:13,319
Speaker 5: cut with the Taliban and in fact delayed things. In retrospect,

749
00:38:13,360 --> 00:38:17,120
Speaker 5: does the Republicans take suggest that they should have followed

750
00:38:17,920 --> 00:38:19,239
Speaker 5: Trump's plan to the letter.

751
00:38:20,000 --> 00:38:22,640
Speaker 14: So there is obviously referring to the dough what's called

752
00:38:22,640 --> 00:38:26,000
Speaker 14: the Doha Agreement, which was reached between basically the US

753
00:38:26,040 --> 00:38:29,239
Speaker 14: and the Taliban in terms of a withdrawal, and there

754
00:38:29,360 --> 00:38:32,239
Speaker 14: was some recommendation at some point, and this came out

755
00:38:32,280 --> 00:38:35,320
Speaker 14: in some testimony after the withdrawal itself, that the military

756
00:38:35,360 --> 00:38:39,239
Speaker 14: had recommended about twenty five hundred US troops remain in Afghanistan.

757
00:38:40,360 --> 00:38:43,200
Speaker 14: And so obviously we have a bit of a disagreement

758
00:38:43,200 --> 00:38:45,319
Speaker 14: in terms of what Trump says, well, we had, we

759
00:38:45,360 --> 00:38:48,840
Speaker 14: had the deal, and we were executing it according to

760
00:38:49,239 --> 00:38:52,000
Speaker 14: the terms of that agreement. The Biden administration has said

761
00:38:52,040 --> 00:38:54,879
Speaker 14: we were just following what the Trump administration had laid out.

762
00:38:55,280 --> 00:38:59,359
Speaker 14: But there was some dissension both within the military and

763
00:38:59,480 --> 00:39:05,080
Speaker 14: potential as we've seen unclear exactly who was talking about

764
00:39:05,120 --> 00:39:07,640
Speaker 14: this within the State Department, about we may need to

765
00:39:08,800 --> 00:39:11,319
Speaker 14: for this to proceed even more slowly because of some

766
00:39:11,400 --> 00:39:14,319
Speaker 14: of the security situation. Some of the security.

767
00:39:14,000 --> 00:39:14,920
Speaker 5: Situation on the ground.

768
00:39:15,280 --> 00:39:18,680
Speaker 14: Where this gets a little bit more complicated is well,

769
00:39:18,760 --> 00:39:22,719
Speaker 14: how long could the US have stayed in Afghanistan? I mean,

770
00:39:22,760 --> 00:39:25,239
Speaker 14: we were there for twenty years. Were we prepared to

771
00:39:25,280 --> 00:39:28,680
Speaker 14: say another five, six, seven, eight, nine, ten years or

772
00:39:28,719 --> 00:39:32,000
Speaker 14: even longer? You know, you talk to Republicans on the hill,

773
00:39:32,080 --> 00:39:35,400
Speaker 14: some folks feel that we should have stayed basically indefinitely.

774
00:39:35,560 --> 00:39:38,080
Speaker 14: Is exact, that we could have maintained a small security

775
00:39:38,080 --> 00:39:41,040
Speaker 14: presence there for a long time. Others feel differently. But

776
00:39:41,480 --> 00:39:43,680
Speaker 14: I think one of the things that this report emphasizes

777
00:39:43,840 --> 00:39:46,520
Speaker 14: is that President Joe Biden really felt that it was

778
00:39:46,560 --> 00:39:48,920
Speaker 14: necessary to get out and to get out quickly.

779
00:39:49,000 --> 00:39:51,440
Speaker 5: Well, this is a really important conversation. It's not something

780
00:39:51,480 --> 00:39:54,040
Speaker 5: you've fit on a bumper sticker. It's not that headlineable,

781
00:39:54,080 --> 00:39:56,799
Speaker 5: even though you will hear headlines about this constantly, we

782
00:39:56,840 --> 00:39:59,040
Speaker 5: wanted to dig into the matter a bit, remembering, of course,

783
00:39:59,080 --> 00:40:02,279
Speaker 5: that on this program, retired General Ken McKenzie's sent comm

784
00:40:02,320 --> 00:40:06,680
Speaker 5: commander at the time, says, both administrations deserve blame for

785
00:40:06,800 --> 00:40:10,040
Speaker 5: those thirteen deaths. Dan, it's great to have you back.

786
00:40:10,080 --> 00:40:11,640
Speaker 5: Thank you for putting the time into reporting on this.

787
00:40:11,719 --> 00:40:15,360
Speaker 5: Dan Fleckley from our national security team here at Bloomberg.

788
00:40:15,400 --> 00:40:18,040
Speaker 5: I'm sure Matthew in Washington with a lot more to

789
00:40:18,040 --> 00:40:20,360
Speaker 5: talk about here as lawmakers get back to town. Lisa

790
00:40:20,360 --> 00:40:22,880
Speaker 5: Camuso Miller spent enough years in the Speaker's office to

791
00:40:22,960 --> 00:40:26,200
Speaker 5: know just what the mood must be like on Capitol Hill,

792
00:40:26,239 --> 00:40:28,800
Speaker 5: with all the jets coming in, lawmakers showing up, becoming

793
00:40:28,800 --> 00:40:31,319
Speaker 5: reunited with the staff. They've been gone six weeks, and

794
00:40:31,360 --> 00:40:34,200
Speaker 5: you know, there's a clock tick and already on a

795
00:40:34,239 --> 00:40:37,360
Speaker 5: potential government shutdown. We run out of money on September thirty.

796
00:40:37,360 --> 00:40:39,600
Speaker 5: And by the way, no one's saying that we're gonna

797
00:40:39,600 --> 00:40:43,480
Speaker 5: shut down. The countdown clocks are not up yet, but

798
00:40:43,560 --> 00:40:45,520
Speaker 5: we don't have a lot of time to figure this out,

799
00:40:45,560 --> 00:40:49,160
Speaker 5: just three weeks. Lisa, of course back with US Republican

800
00:40:49,200 --> 00:40:52,280
Speaker 5: Strategists and also host of the Friday Reporter podcast. Lisa,

801
00:40:52,320 --> 00:40:54,080
Speaker 5: great to see you. Did you used to get the

802
00:40:54,120 --> 00:40:57,200
Speaker 5: back to school jitters coming off the summer recess when

803
00:40:57,200 --> 00:40:58,920
Speaker 5: everybody's coming back into the house.

804
00:41:00,080 --> 00:41:02,960
Speaker 15: You know, Joe, the one thing about summer recess is

805
00:41:03,000 --> 00:41:06,239
Speaker 15: that it's kind of a mirage in Washington, Like we

806
00:41:06,280 --> 00:41:08,759
Speaker 15: all talk about it as if members are coming back,

807
00:41:08,800 --> 00:41:10,839
Speaker 15: but they really are busy at home. I mean, they

808
00:41:10,880 --> 00:41:13,080
Speaker 15: do call it a district work period for a reason.

809
00:41:13,560 --> 00:41:14,680
Speaker 4: So the staff, while.

810
00:41:14,480 --> 00:41:17,120
Speaker 15: It's a little bit it's a little bit lighter, they're

811
00:41:17,200 --> 00:41:19,719
Speaker 15: still on the ground. And so the one thing that

812
00:41:19,760 --> 00:41:22,400
Speaker 15: gets lost on them coming back is that they're not

813
00:41:22,440 --> 00:41:26,759
Speaker 15: coming back to work refreshed. In fact, if anything, they're

814
00:41:26,760 --> 00:41:29,920
Speaker 15: coming back with like this voice from the from the

815
00:41:29,960 --> 00:41:33,160
Speaker 15: district about what people are really caring about, and so

816
00:41:33,200 --> 00:41:35,480
Speaker 15: they're energized in a way that's a little bit different.

817
00:41:35,520 --> 00:41:37,000
Speaker 15: But yes, there is a bit of a back to

818
00:41:37,080 --> 00:41:38,640
Speaker 15: school feel for certain.

819
00:41:40,120 --> 00:41:43,880
Speaker 5: Well. Tom Massey says, no, that's the first high profile

820
00:41:44,000 --> 00:41:47,040
Speaker 5: no we've got here on the Rules Committee, Lisa, I'm

821
00:41:47,040 --> 00:41:51,120
Speaker 5: talking about funding the government here, and obviously there are

822
00:41:51,160 --> 00:41:52,759
Speaker 5: a lot of Conservatives who don't like the idea of

823
00:41:52,760 --> 00:41:55,360
Speaker 5: a stopgap. The Speaker says he wants to do six months,

824
00:41:55,760 --> 00:41:59,200
Speaker 5: and he has attached the Save Act, which is a

825
00:41:59,200 --> 00:42:02,879
Speaker 5: poison pill for Democrats. What are we going to do here?

826
00:42:02,920 --> 00:42:05,000
Speaker 5: I feel like we've seen this movie a lot of times, Lisa,

827
00:42:05,040 --> 00:42:07,200
Speaker 5: We've watched it with you, we've popped the corn together.

828
00:42:07,600 --> 00:42:09,640
Speaker 5: Does it have the same ending on the thirtieth.

829
00:42:10,960 --> 00:42:13,040
Speaker 15: Well, you know, Joe, here's the thing. The one thing

830
00:42:13,080 --> 00:42:15,520
Speaker 15: that's different this time around is that we you said

831
00:42:15,520 --> 00:42:17,480
Speaker 15: it at the top of the show, fifty seven days

832
00:42:17,520 --> 00:42:20,560
Speaker 15: till election day, right, And so nobody, not a Republican,

833
00:42:20,640 --> 00:42:23,400
Speaker 15: not a Democrat, wants to go home and have to

834
00:42:23,400 --> 00:42:26,400
Speaker 15: defend why they closed the government, right. So that's the

835
00:42:26,400 --> 00:42:29,040
Speaker 15: big that's the big motivator here. So, yes, the Safe

836
00:42:29,080 --> 00:42:32,040
Speaker 15: Act is definitely something that's going to be very, very difficult.

837
00:42:32,080 --> 00:42:34,000
Speaker 15: That's the one piece here that's going to cause this

838
00:42:34,120 --> 00:42:37,160
Speaker 15: to be difficult. I expect that it will get out

839
00:42:37,200 --> 00:42:39,480
Speaker 15: of rules this package. You know, for those people who

840
00:42:39,520 --> 00:42:41,439
Speaker 15: are following along, that means that the bill will get

841
00:42:41,440 --> 00:42:44,200
Speaker 15: a vote. But I think a lot of people are

842
00:42:44,239 --> 00:42:44,719
Speaker 15: still there.

843
00:42:44,760 --> 00:42:45,799
Speaker 6: You know, the Senate is.

844
00:42:45,880 --> 00:42:48,080
Speaker 15: Upset about that, and there's a lot of people, even

845
00:42:48,120 --> 00:42:50,600
Speaker 15: moderates in the Republican side, that are upset about the

846
00:42:50,600 --> 00:42:53,320
Speaker 15: fact that we're not going to address concerns about issues

847
00:42:53,360 --> 00:42:55,759
Speaker 15: like telehealth and other things that make access to health

848
00:42:55,760 --> 00:42:58,600
Speaker 15: care easier for people. And so that's the one thing

849
00:42:58,640 --> 00:43:00,600
Speaker 15: that if we don't get this right, and if we

850
00:43:00,600 --> 00:43:02,400
Speaker 15: don't figure out how to thread the needle, and by

851
00:43:02,440 --> 00:43:05,360
Speaker 15: we I mean the US government and the Congress themselves.

852
00:43:05,840 --> 00:43:07,640
Speaker 15: Then they're going to have to answer for that at

853
00:43:07,640 --> 00:43:11,080
Speaker 15: home and in the ballots right and in the election results.

854
00:43:11,120 --> 00:43:14,120
Speaker 15: And so this to me is the kind of day

855
00:43:14,239 --> 00:43:17,279
Speaker 15: where everyone is very busy. The Speaker is trying to

856
00:43:17,320 --> 00:43:20,279
Speaker 15: deliver on Don't forget Joe, it wasn't that long ago

857
00:43:20,400 --> 00:43:23,120
Speaker 15: that the House Republicans had this whole big switch up

858
00:43:23,120 --> 00:43:25,480
Speaker 15: where they put somebody else in the job. And so

859
00:43:25,640 --> 00:43:28,200
Speaker 15: if you're the new speaker and it's now, it's not

860
00:43:28,239 --> 00:43:30,480
Speaker 15: really that new. But if you're him, you want to

861
00:43:30,520 --> 00:43:32,840
Speaker 15: be able to deliver on something to show that we

862
00:43:32,920 --> 00:43:36,799
Speaker 15: can govern, that the Republican Party and the House Republicans

863
00:43:36,840 --> 00:43:39,360
Speaker 15: can govern, and that way they can go home to

864
00:43:39,400 --> 00:43:41,640
Speaker 15: their district and they can show that they can be

865
00:43:41,680 --> 00:43:45,200
Speaker 15: successful and show that they are worthy of being returned

866
00:43:45,239 --> 00:43:48,279
Speaker 15: not only to a majority, but a bigger majority so

867
00:43:48,320 --> 00:43:49,200
Speaker 15: that they can do more.

868
00:43:50,760 --> 00:43:52,960
Speaker 5: Okay, so let's think about the way this will go

869
00:43:53,000 --> 00:43:55,759
Speaker 5: in the next couple of weeks, Lisa, knowing, of course, yes,

870
00:43:55,840 --> 00:43:57,840
Speaker 5: lawmakers want to get home to campaign.

871
00:43:57,920 --> 00:43:59,160
Speaker 7: This is it.

872
00:43:59,239 --> 00:44:02,239
Speaker 5: The windows closed. So let's close our eyes a little

873
00:44:02,239 --> 00:44:04,040
Speaker 5: bit here and think about the next couple I'm closing

874
00:44:04,040 --> 00:44:08,000
Speaker 5: my eyes on YouTube. They get this done somehow, according

875
00:44:08,040 --> 00:44:10,239
Speaker 5: to what you're saying, Lisa, They maybe they find a

876
00:44:10,239 --> 00:44:12,040
Speaker 5: way to get this out of rules. They get a vote,

877
00:44:12,040 --> 00:44:15,480
Speaker 5: It passes the House with this safe fact. This is

878
00:44:15,520 --> 00:44:18,320
Speaker 5: the bill that requires proof of citizenship to register to vote.

879
00:44:18,400 --> 00:44:20,040
Speaker 5: All right, sorry, I have to close my eyes again.

880
00:44:20,200 --> 00:44:22,439
Speaker 5: It goes to the Senate. They hate that, they take

881
00:44:22,520 --> 00:44:24,520
Speaker 5: that out, They vote on it without the safe fact.

882
00:44:24,560 --> 00:44:26,160
Speaker 5: It comes back to the House and then we spend

883
00:44:26,200 --> 00:44:29,719
Speaker 5: a week banging our heads against the wall, knowing all

884
00:44:29,760 --> 00:44:32,680
Speaker 5: the well, all the time that it will actually end

885
00:44:32,760 --> 00:44:35,360
Speaker 5: up passing so they can go home. So what form

886
00:44:35,440 --> 00:44:38,279
Speaker 5: does it take? Is it a six month stopgap? By

887
00:44:38,320 --> 00:44:39,040
Speaker 5: the time this is.

888
00:44:39,000 --> 00:44:42,279
Speaker 15: Done, well, you know, I mean the good thing about

889
00:44:42,320 --> 00:44:45,879
Speaker 15: the six month stopgap is that it gives whatever administration

890
00:44:46,000 --> 00:44:50,040
Speaker 15: is coming into office an opportunity to put their this

891
00:44:50,080 --> 00:44:52,960
Speaker 15: is a productive plan. But it's never been done before, right,

892
00:44:53,000 --> 00:44:55,600
Speaker 15: this large of a stop gap has never been done

893
00:44:55,800 --> 00:44:58,120
Speaker 15: before in a continuing resolution, and so people are going

894
00:44:58,200 --> 00:45:01,240
Speaker 15: to hate it, people being Republicans and Democrats in the Congress.

895
00:45:01,280 --> 00:45:03,640
Speaker 15: So it feels to me, like Joe, that that could

896
00:45:03,640 --> 00:45:06,080
Speaker 15: be where we have some wiggle room and where we

897
00:45:06,160 --> 00:45:10,040
Speaker 15: have some room to move there as it relates to

898
00:45:10,120 --> 00:45:12,680
Speaker 15: safe and then it relates to the cr the long

899
00:45:12,800 --> 00:45:16,440
Speaker 15: six month holdover. I guess we'll have to wait and see,

900
00:45:16,480 --> 00:45:18,600
Speaker 15: but it feels like there are some pieces that can

901
00:45:18,600 --> 00:45:21,280
Speaker 15: be pulled, some threads that can be pulled that potentially

902
00:45:21,320 --> 00:45:23,560
Speaker 15: could get us to a place where we get the

903
00:45:23,600 --> 00:45:26,040
Speaker 15: government funded and we get through to the end of

904
00:45:26,040 --> 00:45:27,680
Speaker 15: the year at the very least.

905
00:45:28,360 --> 00:45:30,680
Speaker 5: Producer C. C. Warrens, if you're listening in the car,

906
00:45:30,760 --> 00:45:32,759
Speaker 5: please do not close your eyes. I didn't mean to

907
00:45:32,800 --> 00:45:36,040
Speaker 5: do that to you. Lisa Enter the gold Star families,

908
00:45:36,040 --> 00:45:39,320
Speaker 5: we've been talking about Afghanistan, and I find this timing

909
00:45:39,360 --> 00:45:42,920
Speaker 5: really interesting here because tomorrow, now that this Afghanistan withdrawal

910
00:45:42,920 --> 00:45:47,000
Speaker 5: report is out, Senate Majority Leader Chuck Schumer Minority Leader

911
00:45:47,040 --> 00:45:51,840
Speaker 5: Hakim Jeffreys will attend a Congressional gold medal ceremony honoring

912
00:45:51,840 --> 00:45:55,879
Speaker 5: the thirteen service members who dive. The speaker invited them,

913
00:45:56,120 --> 00:45:59,000
Speaker 5: and these will be the most senior Democratic officials to

914
00:45:59,000 --> 00:46:03,239
Speaker 5: be with these families since Joe Biden attended the dignified

915
00:46:03,280 --> 00:46:06,200
Speaker 5: transfer shortly after their deaths. These are going to be

916
00:46:06,320 --> 00:46:11,080
Speaker 5: very difficult optics. It comes after this very difficult view

917
00:46:11,200 --> 00:46:15,240
Speaker 5: on things in the committee's report today. To what extent

918
00:46:16,239 --> 00:46:21,000
Speaker 5: is the House Majority investing itself in this presidential campaign

919
00:46:21,080 --> 00:46:24,200
Speaker 5: to cast blame on Joe Biden, on Kamala Harris or

920
00:46:24,239 --> 00:46:25,279
Speaker 5: is there something else at hand?

921
00:46:27,239 --> 00:46:29,560
Speaker 15: Well, it does feel that way, Joe, and that I

922
00:46:29,560 --> 00:46:33,800
Speaker 15: think is very unfortunate. It's too different talking out of

923
00:46:33,840 --> 00:46:36,040
Speaker 15: two sides of our mouth. Right, We've got this investigation

924
00:46:36,120 --> 00:46:40,520
Speaker 15: that's happening. You know, the families of these lost they

925
00:46:40,560 --> 00:46:43,560
Speaker 15: really at this point they blame everybody. They blame all

926
00:46:43,600 --> 00:46:46,560
Speaker 15: of the US government for how this happened and how

927
00:46:46,600 --> 00:46:49,919
Speaker 15: they lost their loved ones, and so setting aside the

928
00:46:49,920 --> 00:46:52,160
Speaker 15: politics of all of this, we really need to also

929
00:46:52,360 --> 00:46:55,399
Speaker 15: honor those who kept us safe, who did what they

930
00:46:55,640 --> 00:46:57,640
Speaker 15: were there to do in a way that is so

931
00:46:57,840 --> 00:47:02,799
Speaker 15: incredibly honorable and appreciated in beyond politics. Set all of

932
00:47:02,840 --> 00:47:05,760
Speaker 15: that aside, never mind the fact that Joe, don't forget

933
00:47:05,760 --> 00:47:08,040
Speaker 15: that this is also the anniversary of nine to eleven,

934
00:47:08,400 --> 00:47:10,879
Speaker 15: which is one of the largest catalysts for us being

935
00:47:10,880 --> 00:47:13,239
Speaker 15: there in the first place. Right, So there's so many

936
00:47:13,280 --> 00:47:15,560
Speaker 15: different threads, so many different things that are happening this

937
00:47:15,640 --> 00:47:18,880
Speaker 15: week that I think is incredibly important and incredibly honorable

938
00:47:18,920 --> 00:47:21,680
Speaker 15: that Republicans and Democrats can come together to honor those

939
00:47:21,960 --> 00:47:24,800
Speaker 15: who do keep us safe here at home in the US,

940
00:47:24,880 --> 00:47:28,960
Speaker 15: regardless of who we blame for the political fallout of this.

941
00:47:29,040 --> 00:47:30,799
Speaker 15: I also think too, Joe, that as much as this

942
00:47:30,920 --> 00:47:33,520
Speaker 15: is important, that this is not the issue that is

943
00:47:33,600 --> 00:47:35,360
Speaker 15: driving people to the polls.

944
00:47:35,000 --> 00:47:35,680
Speaker 4: In fifty one.

945
00:47:35,960 --> 00:47:38,279
Speaker 5: This is, though, why we have Lisa Camuso Miller join

946
00:47:38,400 --> 00:47:41,960
Speaker 5: us here on Bloomberg Radio. Lisa, thank you for a

947
00:47:42,000 --> 00:47:43,920
Speaker 5: perfect answer on that. We're going to have a lot

948
00:47:43,960 --> 00:47:47,120
Speaker 5: more ahead on Balance of Power. This is Bloomberg.

949
00:47:50,840 --> 00:47:54,359
Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ketch

950
00:47:54,480 --> 00:47:58,080
Speaker 1: just live weekdays at noon Eastern on Epocarplay.

951
00:47:57,280 --> 00:48:00,239
Speaker 7: And then Broudoto with the Bloomberg Business app on.

952
00:48:00,200 --> 00:48:03,360
Speaker 1: Demand wherever you get your podcasts, or watch us live

953
00:48:03,480 --> 00:48:05,480
Speaker 1: on YouTube.

954
00:48:06,800 --> 00:48:08,440
Speaker 5: I mentioned the weekend. I do hope you had a

955
00:48:08,440 --> 00:48:10,200
Speaker 5: good one as we get back to reality a bit

956
00:48:10,200 --> 00:48:12,360
Speaker 5: here in Washington this week. We've got the debate tomorrow,

957
00:48:12,360 --> 00:48:15,760
Speaker 5: but lawmakers are back today, and like you, I'm driving

958
00:48:15,800 --> 00:48:18,160
Speaker 5: around Sunday thought i'd tank up the car and I thought,

959
00:48:18,160 --> 00:48:22,360
Speaker 5: my gosh, look at that less than three dollars a gallon.

960
00:48:22,840 --> 00:48:25,600
Speaker 5: I haven't been paying close enough attention, I guess, so

961
00:48:25,640 --> 00:48:27,680
Speaker 5: I didn't realize that had come to the Washington area.

962
00:48:28,200 --> 00:48:30,239
Speaker 5: So we take a look at Triple A here, what

963
00:48:30,280 --> 00:48:32,840
Speaker 5: do they have the national average? Three dollars and twenty

964
00:48:33,320 --> 00:48:38,800
Speaker 5: seven cents? With the story on the terminal falling pump

965
00:48:38,840 --> 00:48:43,680
Speaker 5: prices blunt Trump's inflation attacks on Harris. Now, of course

966
00:48:44,160 --> 00:48:45,920
Speaker 5: we're going to get a lot of talk about inflation

967
00:48:46,080 --> 00:48:48,840
Speaker 5: and the economy at this debate tomorrow night. It's issue

968
00:48:48,880 --> 00:48:51,719
Speaker 5: number one, And what's the most common price that you

969
00:48:51,800 --> 00:48:56,440
Speaker 5: see when you're not like me paying attention. You know

970
00:48:56,440 --> 00:48:59,239
Speaker 5: who's quoted in this column is our good friend Bob

971
00:48:59,320 --> 00:49:03,800
Speaker 5: McNally Rapidan Energy Group, who says the drop may provide

972
00:49:03,800 --> 00:49:05,680
Speaker 5: Harris with a bump here among voters who are not

973
00:49:05,760 --> 00:49:08,600
Speaker 5: shy about blaming the White House for high gas prices.

974
00:49:08,640 --> 00:49:11,560
Speaker 5: Of course, I don't know that Kamala Harris had anything

975
00:49:11,600 --> 00:49:13,520
Speaker 5: to do with them going up, or she has anything

976
00:49:13,520 --> 00:49:15,959
Speaker 5: to do with them coming down right now, But Bob

977
00:49:16,080 --> 00:49:18,719
Speaker 5: is with us right now. I'm happy to say, as

978
00:49:18,760 --> 00:49:22,120
Speaker 5: I mentioned a Rapidan Energy Group where he's founder and president,

979
00:49:22,160 --> 00:49:24,680
Speaker 5: it's great to see you Bob, is this just a

980
00:49:24,680 --> 00:49:27,000
Speaker 5: case of good luck for the Democratic ticket?

981
00:49:28,719 --> 00:49:30,319
Speaker 6: Hey, Joe, you know it is.

982
00:49:31,080 --> 00:49:34,280
Speaker 4: When you're going into a tough election and you're the incumbent,

983
00:49:34,920 --> 00:49:38,239
Speaker 4: you want to have gasoline prices at least off the

984
00:49:38,320 --> 00:49:39,040
Speaker 4: radar screen.

985
00:49:39,080 --> 00:49:39,200
Speaker 7: You know.

986
00:49:39,200 --> 00:49:41,520
Speaker 4: I think there are two modes for gasoline prices in

987
00:49:41,560 --> 00:49:46,799
Speaker 4: our country, ignorance like who cares? And then panic and

988
00:49:46,920 --> 00:49:47,720
Speaker 4: terror and anger.

989
00:49:47,760 --> 00:49:48,600
Speaker 6: And they don't want that.

990
00:49:48,800 --> 00:49:51,160
Speaker 4: And that's where we were two years ago when we

991
00:49:51,239 --> 00:49:54,800
Speaker 4: had record high pump prices the average of five dollars

992
00:49:54,880 --> 00:49:56,800
Speaker 4: a gallon after Russia invaded Ukraine.

993
00:49:57,040 --> 00:49:58,800
Speaker 6: So that's kind of a fresh memory.

994
00:49:59,239 --> 00:50:02,160
Speaker 4: But yeah, at three twenty eight, three twenty seven, as

995
00:50:02,200 --> 00:50:05,640
Speaker 4: you said in Falling, it's a bit of a tailwind.

996
00:50:05,680 --> 00:50:09,400
Speaker 4: It's sort of off the discussion plate right now, and

997
00:50:09,440 --> 00:50:11,520
Speaker 4: that's helpful for Vice President Harris.

998
00:50:12,560 --> 00:50:14,759
Speaker 5: Well, we'll throw another number in there right now. It's

999
00:50:14,800 --> 00:50:17,480
Speaker 5: sixty eight sixty seven. That's a barrel of crude West

1000
00:50:17,520 --> 00:50:20,920
Speaker 5: Texas intermediate. Bob, the reason and you can speak to

1001
00:50:20,960 --> 00:50:24,000
Speaker 5: this much more eloquently than I as a world class analyst,

1002
00:50:24,040 --> 00:50:27,360
Speaker 5: But is this not reflecting the expectation for a lower

1003
00:50:27,400 --> 00:50:31,160
Speaker 5: demand and an economic slowdown? And this is a blessing

1004
00:50:31,400 --> 00:50:32,720
Speaker 5: until it's a curse, right.

1005
00:50:33,800 --> 00:50:34,640
Speaker 6: It certainly is.

1006
00:50:34,680 --> 00:50:38,680
Speaker 4: You know, there are bad reasons for pump prices to

1007
00:50:38,760 --> 00:50:42,320
Speaker 4: go down. You don't want to see lower oil prices

1008
00:50:42,880 --> 00:50:47,480
Speaker 4: that reflect weakening demand, weakening economic activity, Joe, as you mentioned,

1009
00:50:47,719 --> 00:50:52,160
Speaker 4: And the main concern here is China, the big importer,

1010
00:50:52,960 --> 00:50:57,760
Speaker 4: the growing eventually will be the biggest consumer. And China's

1011
00:50:57,840 --> 00:51:01,839
Speaker 4: in i mean Bloomberg's reporting, whether it's defluation, slow down

1012
00:51:01,840 --> 00:51:06,800
Speaker 4: in growth, it's pretty awful. And now they are stockpiling,

1013
00:51:06,840 --> 00:51:09,360
Speaker 4: They're sucking in a lot of crude and putting it

1014
00:51:09,400 --> 00:51:12,600
Speaker 4: into storage for their spr that's helping a little bit.

1015
00:51:13,160 --> 00:51:16,880
Speaker 4: But China's slowing economic activity is weak.

1016
00:51:17,160 --> 00:51:18,640
Speaker 6: Therefore demand is down.

1017
00:51:19,280 --> 00:51:22,239
Speaker 4: That's why some of those OPEC plus members had to

1018
00:51:22,760 --> 00:51:26,719
Speaker 4: postpone their plans to gradually increase productions.

1019
00:51:26,239 --> 00:51:27,080
Speaker 6: Starting next month.

1020
00:51:27,400 --> 00:51:32,040
Speaker 4: So the world is adjusting to a weaker economic environment,

1021
00:51:32,160 --> 00:51:35,560
Speaker 4: and that's that's why oil prices are falling. But that's

1022
00:51:35,600 --> 00:51:37,399
Speaker 4: not the reason you want oil prices to fall.

1023
00:51:37,960 --> 00:51:40,919
Speaker 5: Boy, isn't that right? As we spend time with Bob McNally, who,

1024
00:51:41,440 --> 00:51:44,280
Speaker 5: before his time here in the oil sector and running

1025
00:51:44,320 --> 00:51:48,160
Speaker 5: his own company, was in fact an energy advisor at

1026
00:51:48,200 --> 00:51:51,320
Speaker 5: the White House and the George W. Bush administration. Politics

1027
00:51:51,360 --> 00:51:53,680
Speaker 5: are huge, Bob, right now. That's why we're talking about this.

1028
00:51:54,160 --> 00:51:55,839
Speaker 5: And I wonder what you're going to be listening for

1029
00:51:55,920 --> 00:51:58,080
Speaker 5: in this debate tomorrow night. And if you when you

1030
00:51:58,120 --> 00:51:59,839
Speaker 5: squinch your eyes a little bit and you look at

1031
00:51:59,840 --> 00:52:03,280
Speaker 5: the plans that have been put forth here from both sides,

1032
00:52:03,320 --> 00:52:06,960
Speaker 5: I know that they are lacking details when it comes

1033
00:52:07,000 --> 00:52:10,600
Speaker 5: to energy. Donald Trump says, drill, baby, drill, and it'll

1034
00:52:10,600 --> 00:52:13,919
Speaker 5: be the centerpiece of his fight against inflation. We get

1035
00:52:14,040 --> 00:52:17,160
Speaker 5: slightly different comments from Kamala Harris, who spent more time

1036
00:52:17,719 --> 00:52:20,719
Speaker 5: talking about her previous comments about fracking, I think than

1037
00:52:20,760 --> 00:52:23,239
Speaker 5: anything else. But you know, it's part of my job

1038
00:52:23,280 --> 00:52:25,560
Speaker 5: to remind everybody that we're pumping a record amount now.

1039
00:52:25,600 --> 00:52:29,000
Speaker 5: So give us the thirty thousand foot view on what

1040
00:52:29,640 --> 00:52:32,959
Speaker 5: a Harris administration versus a Trump administration, what they would

1041
00:52:33,000 --> 00:52:35,760
Speaker 5: both bring, what they would both mean to this industry.

1042
00:52:36,960 --> 00:52:41,320
Speaker 4: Well, Joe, I think the most important implication for oil

1043
00:52:41,400 --> 00:52:45,239
Speaker 4: markets of either a Trump or a Harris victory has

1044
00:52:45,280 --> 00:52:50,200
Speaker 4: to do with Iran, actually Iran sanctions. I think President

1045
00:52:50,239 --> 00:52:55,000
Speaker 4: Trump has promised to reimpose maximum pressure to trying to

1046
00:52:55,040 --> 00:52:58,319
Speaker 4: cut off those Iranian oil exports, which have crept up

1047
00:52:58,400 --> 00:52:59,120
Speaker 4: quite high.

1048
00:52:59,000 --> 00:53:01,000
Speaker 6: Now and a half barrels a day.

1049
00:53:01,080 --> 00:53:04,000
Speaker 4: That would make crude and pump prices go higher all

1050
00:53:04,239 --> 00:53:09,160
Speaker 4: s EQL. Conversely, Kamala Harris I understand is her team

1051
00:53:09,239 --> 00:53:12,439
Speaker 4: wants to do a deal with Iran, another nuclear deal,

1052
00:53:12,560 --> 00:53:15,480
Speaker 4: and for that she might be willing to issue waivers

1053
00:53:15,520 --> 00:53:19,239
Speaker 4: allowing Iran to sell more oil in an already over

1054
00:53:19,280 --> 00:53:20,040
Speaker 4: supplied market.

1055
00:53:20,080 --> 00:53:22,680
Speaker 6: The crew price would go down with pump prices. So

1056
00:53:22,920 --> 00:53:24,040
Speaker 6: I hope they get pressed on.

1057
00:53:24,040 --> 00:53:27,040
Speaker 4: Their respective plans for Iran because in terms of what's

1058
00:53:27,040 --> 00:53:28,719
Speaker 4: going to affect the pump price for you, me and

1059
00:53:28,760 --> 00:53:31,400
Speaker 4: our neighbors in the next few months and weeks, I

1060
00:53:32,000 --> 00:53:33,200
Speaker 4: think it has to do with Iran.

1061
00:53:33,320 --> 00:53:34,880
Speaker 6: More broadly speaking.

1062
00:53:34,960 --> 00:53:37,400
Speaker 4: President Trump said he's going to get pump prices below

1063
00:53:37,680 --> 00:53:39,959
Speaker 4: where they were in his first term. That's like about

1064
00:53:39,960 --> 00:53:42,759
Speaker 4: a dollar sixty a gallon without crashing the economy.

1065
00:53:42,920 --> 00:53:44,320
Speaker 6: How do you do that. It's tough.

1066
00:53:44,840 --> 00:53:47,400
Speaker 4: You can't unleash enough production in my view to do

1067
00:53:47,480 --> 00:53:50,600
Speaker 4: that alone. And Kamala Harris hasn't taken off the table

1068
00:53:50,680 --> 00:53:53,560
Speaker 4: lifting the filibuster to pass the Green New Deal. She

1069
00:53:53,600 --> 00:53:56,120
Speaker 4: did flip on fracking, but she's in.

1070
00:53:56,040 --> 00:53:58,279
Speaker 6: Favor of lifting the filibuster for the Green New Deal.

1071
00:53:58,440 --> 00:54:01,720
Speaker 6: Hope she'll be asked about that. So both both candidates,

1072
00:54:01,760 --> 00:54:02,480
Speaker 6: I hope they get.

1073
00:54:02,360 --> 00:54:05,480
Speaker 5: Some tough questions based on what you said about Iran.

1074
00:54:05,520 --> 00:54:08,400
Speaker 5: This is fascinating and really interesting to our viewers and

1075
00:54:08,440 --> 00:54:13,439
Speaker 5: listeners here, Bob, is there enough potential capacity here domestically

1076
00:54:14,040 --> 00:54:18,880
Speaker 5: that Donald Trump could in fact reimpose pressure on Irani

1077
00:54:18,920 --> 00:54:20,759
Speaker 5: and oil but make up for it here in the

1078
00:54:20,880 --> 00:54:23,480
Speaker 5: US so prices do not rise or is that just

1079
00:54:23,520 --> 00:54:24,920
Speaker 5: not possible? You get one or the other.

1080
00:54:25,280 --> 00:54:27,640
Speaker 6: Impossible, Joe, No, impossible.

1081
00:54:27,719 --> 00:54:32,000
Speaker 4: Shale oil production is not what we call spare production capacity.

1082
00:54:32,400 --> 00:54:35,080
Speaker 4: President Biden learned this the tough way in twenty twenty one.

1083
00:54:35,120 --> 00:54:38,759
Speaker 4: You just don't go to Exxon or old Pioneer back

1084
00:54:38,800 --> 00:54:40,600
Speaker 4: in the day and say go into the basement and

1085
00:54:40,640 --> 00:54:43,280
Speaker 4: turn on more shale. It doesn't work that we're producing

1086
00:54:43,440 --> 00:54:44,399
Speaker 4: all out and our.

1087
00:54:44,320 --> 00:54:45,280
Speaker 6: Production is slowing.

1088
00:54:45,440 --> 00:54:49,879
Speaker 4: No, the only replacement for those Iranian barrels is in

1089
00:54:49,880 --> 00:54:54,480
Speaker 4: Saudi Arabia and UAE, and they may be reluctant to

1090
00:54:54,520 --> 00:54:58,200
Speaker 4: increase production until they see those Iranian barrels go off.

1091
00:54:58,239 --> 00:55:00,920
Speaker 4: If it's the case, of President Trump. So nope, the

1092
00:55:01,800 --> 00:55:04,319
Speaker 4: only offset is really in the Middle East. They have

1093
00:55:04,880 --> 00:55:08,560
Speaker 4: what we call spare production capacity quickly producible crude.

1094
00:55:08,840 --> 00:55:09,560
Speaker 6: Not the US.

1095
00:55:09,880 --> 00:55:11,960
Speaker 4: We're operating at full full tilt.

1096
00:55:13,200 --> 00:55:17,600
Speaker 5: Boy, this is a seminar with Bob McNally. Pretty remarkable

1097
00:55:17,680 --> 00:55:20,719
Speaker 5: here Bob talk to us about natural gas. Then this

1098
00:55:20,920 --> 00:55:24,640
Speaker 5: LNG moratorium that we have, the export moratorium has been

1099
00:55:24,640 --> 00:55:28,080
Speaker 5: criticized heavily by Republicans. Should we assume that a Harris

1100
00:55:28,120 --> 00:55:30,680
Speaker 5: administration would continue it? What would happen if it was

1101
00:55:30,719 --> 00:55:32,000
Speaker 5: a Trump two point zero.

1102
00:55:32,760 --> 00:55:34,840
Speaker 4: Joe, I think you put your finger on perhaps the

1103
00:55:34,880 --> 00:55:39,600
Speaker 4: most important implication of Kamala Harris succeeding Joe Biden as

1104
00:55:39,640 --> 00:55:43,520
Speaker 4: head of the ticket. While she will probably if elected,

1105
00:55:44,360 --> 00:55:47,560
Speaker 4: allow permitting to resume, I would expect it would be

1106
00:55:47,640 --> 00:55:52,839
Speaker 4: with much tougher conditions environmental justice, carbon abatement, etc.

1107
00:55:53,400 --> 00:55:54,279
Speaker 6: Let's just step back.

1108
00:55:54,640 --> 00:55:57,040
Speaker 4: We saw after the cop after almost a year ago,

1109
00:55:57,160 --> 00:55:59,680
Speaker 4: the environmental community has come back and said we want

1110
00:55:59,800 --> 00:56:03,879
Speaker 4: one thing, one thing from the federal government, no more

1111
00:56:04,120 --> 00:56:08,040
Speaker 4: LNG permitting period, Calcushu pass and everything else.

1112
00:56:08,360 --> 00:56:10,120
Speaker 6: And so while they're being quiet.

1113
00:56:09,719 --> 00:56:12,279
Speaker 4: Now because they want Kamala Airas to get elected. If

1114
00:56:12,320 --> 00:56:14,799
Speaker 4: she wins, they will go to her early next year

1115
00:56:14,840 --> 00:56:18,320
Speaker 4: and say we want just one thing, don't allow a

1116
00:56:18,440 --> 00:56:22,319
Speaker 4: return to sort of rubber stamped LNG permitting. And I

1117
00:56:22,360 --> 00:56:25,440
Speaker 4: think a Kamala Harris will be more receptive than Joe

1118
00:56:25,480 --> 00:56:27,360
Speaker 4: Biden would be to that argument.

1119
00:56:27,440 --> 00:56:28,920
Speaker 6: So it'll be a little tougher for those.

1120
00:56:28,719 --> 00:56:32,800
Speaker 5: Projects, reminding us that we just don't know, right, Bob.

1121
00:56:32,840 --> 00:56:34,520
Speaker 5: This is why this debate is important. I don't know

1122
00:56:34,520 --> 00:56:36,239
Speaker 5: if they're going to drill down on detail like that,

1123
00:56:36,800 --> 00:56:39,680
Speaker 5: but these policy proposals are incredibly important for the market

1124
00:56:39,680 --> 00:56:42,560
Speaker 5: to get its head around, and we're left wanting in

1125
00:56:42,640 --> 00:56:44,839
Speaker 5: many cases, I've got less than a minute here, Bob.

1126
00:56:44,840 --> 00:56:47,200
Speaker 5: You'll watch that in real time, right, because you're the voice,

1127
00:56:47,280 --> 00:56:49,799
Speaker 5: one of the many voices I'll have in my head. Well,

1128
00:56:49,800 --> 00:56:51,000
Speaker 5: we're doing our coverage here.

1129
00:56:52,520 --> 00:56:55,360
Speaker 4: You bet the debate tomorrow and Toronto, you bet absolutely,

1130
00:56:55,560 --> 00:56:58,080
Speaker 4: And hope we get detailed, tough questions because there hasn't

1131
00:56:58,080 --> 00:56:59,919
Speaker 4: been a lot of specifics on either side.

1132
00:57:00,080 --> 00:57:02,000
Speaker 6: Good to get some detailed questions.

1133
00:57:02,600 --> 00:57:04,920
Speaker 5: On either side. This is a former White House energy

1134
00:57:04,960 --> 00:57:07,399
Speaker 5: advisor hungry for information, Bob. I'm really happy you could

1135
00:57:07,400 --> 00:57:09,920
Speaker 5: talk to us today. Thank you for joining as always.

1136
00:57:09,920 --> 00:57:13,759
Speaker 5: Bob McNally, founder president Rapidan Energy, former White House Energy

1137
00:57:13,800 --> 00:57:16,560
Speaker 5: Advisor in the W. Bush administration, author of the book

1138
00:57:16,720 --> 00:57:24,760
Speaker 5: Crude Volatility, which is not about politics. Thanks for listening

1139
00:57:24,840 --> 00:57:28,120
Speaker 5: to the Balance of Power podcast. Make sure to subscribe

1140
00:57:28,200 --> 00:57:30,880
Speaker 5: if you haven't already, at Apple, Spotify, or wherever you

1141
00:57:30,920 --> 00:57:33,680
Speaker 5: get your podcasts, and you can find us live every

1142
00:57:33,720 --> 00:57:37,960
Speaker 5: weekday from Washington, DC at noontime Eastern at Bloomberg dot com.