WEBVTT - Brett Kavanaugh Is A Great Man, Starr Says

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<v Speaker 1>Yeah, Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane

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<v Speaker 1>jay Ley. We bring you insight from the best in economics, finance, investment,

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<v Speaker 1>and international relations. Find Bloomberg Surveillance on Apple Podcasts, SoundCloud,

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<v Speaker 1>Bloomberg dot Com, and of course on the Bloomberg. And

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<v Speaker 1>here to help us understand what is going on in

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<v Speaker 1>the world before we get to the investment perspective is

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<v Speaker 1>Professor Jeffrey Sachs. He is a professor at Columbia University.

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<v Speaker 1>He is also the author of the Global Index on

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<v Speaker 1>Sustainable Development Goals for the United Nations, and Professor Sachs

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<v Speaker 1>has written about international trade as well as US politics,

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<v Speaker 1>and he joins us here in our eleven three oh studios. So,

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<v Speaker 1>Professor Sacks, thanks very much for being here. Let's maybe

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<v Speaker 1>just describe for people what exactly is the Global Index

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<v Speaker 1>on Sustainable Development Goals. The idea of sustainable development is

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<v Speaker 1>that we should watch not only g NP and the

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<v Speaker 1>economic indicators, but also the social indicators of inequality, health, violence,

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<v Speaker 1>and the environmental indicators on climate change and pollution. So

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<v Speaker 1>this index looks at the economic, the social, and the

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<v Speaker 1>environmental conditions of countries all over the world, and we

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<v Speaker 1>take a look at whether they're making progress towards the

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<v Speaker 1>goals that we've set. For example, when we agreed in

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<v Speaker 1>Paris two take limit the global warming, our our country

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<v Speaker 1>is really doing that. So where does the United States

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<v Speaker 1>rank in this global index? Not very well. Of course,

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<v Speaker 1>it does well on the economics side, broadly speaking, were

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<v Speaker 1>a rich country, but on the social side we have

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<v Speaker 1>about the highest inequality of all of the high income

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<v Speaker 1>countries of the world. We have the biggest gaps between

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<v Speaker 1>rich and poor of the high income world. And on

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<v Speaker 1>the environment, we're massive polluters. Unfortunately, we omit almost seventeen

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<v Speaker 1>tons of carbon dioxide per American every year, one of

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<v Speaker 1>the highest rates in the world and therefore one of

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<v Speaker 1>the biggest contributors to global warming. So among the high

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<v Speaker 1>income countries, were near the bottom. The countries that are

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<v Speaker 1>at the top, not surprisingly for some of us who

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<v Speaker 1>watch these things and have the chance to visit them,

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<v Speaker 1>are the Scandinavian countries. This year, Sweden is number one,

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<v Speaker 1>Denmark number two, Finland number three. Uh those countries have

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<v Speaker 1>a remarkable combination of prosperity and social fairness and environmental sustainability.

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<v Speaker 1>I believe You've also written that the countries that are

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<v Speaker 1>the happiest are the countries where they tax themselves the most.

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<v Speaker 1>It's exactly the opposite of the American assumption, which is

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<v Speaker 1>cut taxes and people will be happy. But the countries

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<v Speaker 1>that I've just named, Sweden, Denmark, Finland, they rank the

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<v Speaker 1>highest in happiness. How do you know about happiness? Because

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<v Speaker 1>Gallup International asked people all over the world how satisfied

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<v Speaker 1>are you with your life? This year? The country that

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<v Speaker 1>ranked the highest in that was Finland, followed by Norway

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<v Speaker 1>and Denmark. And then look at their taxes. They're taxing

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<v Speaker 1>half of the national income in those countries, and you'd say,

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<v Speaker 1>my god, everybody must feel miserable. But what they use

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<v Speaker 1>those taxes for is free universal access to quality health,

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<v Speaker 1>free universal access to quality education, no student debt for university,

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<v Speaker 1>child care for all, six weeks, vacation for all. In

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<v Speaker 1>other words, they're living the good life. They paid the taxes,

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<v Speaker 1>but then the government services that they get give them

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<v Speaker 1>the life that we all think is the kind of

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<v Speaker 1>life we would like, which is the access to quality

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<v Speaker 1>services and leisure time and ability to raise our kids

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<v Speaker 1>in safety. Well, then what do you say, to those

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<v Speaker 1>critics that may describe the United States as a place

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<v Speaker 1>where innovation and the motivation to succeed that drive is

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<v Speaker 1>particularly because there is not the state support for the

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<v Speaker 1>very things that you described, that the individual has to

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<v Speaker 1>work themselves in an outsized way in order to make

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<v Speaker 1>those things a reality. Well, I think there's some truth

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<v Speaker 1>to that. The US is an innovative society, but so

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<v Speaker 1>to our those countries in Northern Europe. They're doing it

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<v Speaker 1>a bit different differently, but they are competing on world

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<v Speaker 1>markets and cutting edge industries. Sweden, we know from Spotify

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<v Speaker 1>and so many others, are very dynamic and exciting uh

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<v Speaker 1>startup places in the world. But what we have in

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<v Speaker 1>the United States is a kind of excess because we

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<v Speaker 1>now have an epidemic of suicides, we have an epidemic

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<v Speaker 1>of drug addictions, opiate addictions. We have falling life expectancy

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<v Speaker 1>in this country. We have more people behind bars than

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<v Speaker 1>any other high income country in the world by far

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<v Speaker 1>in per population to arms. We've got rising depression rates

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<v Speaker 1>in this country. Um, we've got some serious, serious social

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<v Speaker 1>problems that we're not attending to, and we're also doing

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<v Speaker 1>damage for the future in not even paying attention, not

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<v Speaker 1>even caring, just denying all of the environmental issues which

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<v Speaker 1>are staring us in the face. When you're hit by

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<v Speaker 1>three mega hurricanes, massive forest fires and say, duh, we

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<v Speaker 1>don't believe in that, it shows a pretty high degree

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<v Speaker 1>of political corruption or neglect, or a combination of the two.

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<v Speaker 1>So no, I don't think that the United States is

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<v Speaker 1>balancing these various factors very well. Right now, let me

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<v Speaker 1>just push you a little bit more. The very things

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<v Speaker 1>that you described, they could not all be the result

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<v Speaker 1>of activity over the last eighteen months. Do you believe

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<v Speaker 1>that these are the very issues that President Donald Trump

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<v Speaker 1>ran against or at least offered solutions for, and as

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<v Speaker 1>a result, what President Trump is doing now makes sense

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<v Speaker 1>in light of what you've just described. Well, first of all,

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<v Speaker 1>the things that I've been describing our trends over the

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<v Speaker 1>last forty years. So this is absolutely not about Donald Trump.

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<v Speaker 1>This is about America, and this has been going on

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<v Speaker 1>for a long time. I wish I could say that

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<v Speaker 1>the kinds of directions that we're taking right now would

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<v Speaker 1>be addressing these issues, but I just don't see it.

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<v Speaker 1>Tax cuts for the rich, larger budget deficits, whereas the

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<v Speaker 1>rebuilding of infrastructure. I don't see it. We're cutting social services,

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<v Speaker 1>were squeezing help for the poor. We have an epidemic

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<v Speaker 1>of school shootings, we have anxiety in this country. Division.

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<v Speaker 1>So these are not, uh the immediate results of this president.

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<v Speaker 1>But I don't see that we're moving in the direction

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<v Speaker 1>to address these problems. I think you're absolutely right by

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<v Speaker 1>the way that a lot of the support that he

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<v Speaker 1>got was a reflection of this sense that we're moving

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<v Speaker 1>in the wrong direction. But I don't see us getting

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<v Speaker 1>on the right direction in the specific kinds of approaches

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<v Speaker 1>that are underway right now. I want to get your

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<v Speaker 1>views on something specific that, of course happened in London

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<v Speaker 1>over the last couple of forty eight hours, the resignation

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<v Speaker 1>of Boris Johnson of Foreign Secretary David Davis, Brexit UH

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<v Speaker 1>Cabinet minister. What do you believe will happen with Brexit?

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<v Speaker 1>And maybe you have different scenarios. I don't think that

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<v Speaker 1>there is a good scenario for the UK. That's what

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<v Speaker 1>they're realizing. That's why they can't get behind a single approach,

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<v Speaker 1>because the Brexiteers sold a kind of utopian view that

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<v Speaker 1>they'd saved so much money, they'd have so much benefit

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<v Speaker 1>by leaving Europe. Now they're realizing that they're basically going

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<v Speaker 1>to give up their markets, their economy, and so they're

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<v Speaker 1>scrambling to try to keep the link with Europe. And

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<v Speaker 1>what emerged from this realization was what's called the soft Brexit,

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<v Speaker 1>which is well, will leave the European Union, but will

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<v Speaker 1>basically stay in the terms of Europe. That's what caused

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<v Speaker 1>these two cabinet members to leave this soft option. But

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<v Speaker 1>the hard option is even uglier. So they've really been

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<v Speaker 1>backed to a corner. Basically, the this slim majority to

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<v Speaker 1>leave was sold a bill of goods. Uh, they can't deliver,

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<v Speaker 1>and that's why there's no consent within the Conservative government.

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<v Speaker 1>Thank you very much for being with us. Much appreciated,

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<v Speaker 1>Professor Jeffrey Sachs. You can follow a Professor Sacks on

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<v Speaker 1>Twitter at jeff D Sacks and he is also the

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<v Speaker 1>author of the third annual Global Index on Sustainable Development Goals. Tom,

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<v Speaker 1>you know you were speaking about the Brett the Kavanaugh

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<v Speaker 1>as Donald Trump's the President Donald Trump's selection to the

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<v Speaker 1>seat being vacated by Justice Anthony Kennedy. And really we've

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<v Speaker 1>got someone who is the best I would say to

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<v Speaker 1>tell us about this selection is Mr ken Starr. He

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<v Speaker 1>is a former Whitewater Independent Council, former US solicitor generally

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<v Speaker 1>is a former judge, and he is now the author

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<v Speaker 1>of a book entitled Contempt, a memoir the Clinton Investigation

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<v Speaker 1>that comes out in September. Ken Star joins us from

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<v Speaker 1>our One Studios in Washington, d C. Ken Star, thank

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<v Speaker 1>you very much for being with us. Oh my pleasure.

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<v Speaker 1>Thank you give us your first impressions about learning that

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<v Speaker 1>that Mr Kavana, the Judge Kavanaugh has been tapped to

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<v Speaker 1>join the Supreme Court. Joy, Brett's a great man. He's

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<v Speaker 1>a great human being. Uh, extremely able, buddy, is a

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<v Speaker 1>personal great humility and kindness, generosity of spirit. I think

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<v Speaker 1>that character started to be seen by the American people

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<v Speaker 1>last evening. Uh. He worked for you, he did? What

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<v Speaker 1>did he do for you? Well? We worked together both

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<v Speaker 1>in my former law firm of Kirkland Analys here in

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<v Speaker 1>Washingt d C. I recruited Brett off of the clerkship

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<v Speaker 1>with Justice Kennedy, so I won the Brett Kavanaugh Derby.

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<v Speaker 1>So we worked together as private practitioners, but we also

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<v Speaker 1>worked together in the UH the Whitewater investigation, and he

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<v Speaker 1>performed brilliantly every task. So one of the great things

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<v Speaker 1>about Brett is he has just tremendous judgment and that

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<v Speaker 1>came through in the most shall I say, controversial parts

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<v Speaker 1>of the investigation involving Monica Lewinsky. But he was with

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<v Speaker 1>me off and on through that very long period of time,

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<v Speaker 1>taking on different responsibilities and doing a great job. I

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<v Speaker 1>wonder if you could comment on the idea that a

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<v Speaker 1>great judgment is now being exercised in a world of

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<v Speaker 1>great political partisanship. Yes, the job of a judge is

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<v Speaker 1>to set all that aside, to leave his or her

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<v Speaker 1>politics at the door, and to say, I've got to

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<v Speaker 1>concentrate on the facts and on the law, and I

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<v Speaker 1>need to respect both. I'm not to manipulate either one

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<v Speaker 1>to achieve a desired result. And that's especially hard for

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<v Speaker 1>judges in the federal system um interpreting our constitution, where

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<v Speaker 1>there is a running room, there's elasticity. What is the

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<v Speaker 1>meaning of freedom of speech or free exercise of religion?

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<v Speaker 1>So these do call for for judgments. And one of

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<v Speaker 1>the things about Bratt about Judge Kavanaugh uh is he

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<v Speaker 1>will approach the task with a really admirable humility and say,

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<v Speaker 1>I really need to listen and learn and evaluate an assess. Now.

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<v Speaker 1>He doesn't come to it without principles, and we've heard

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<v Speaker 1>some of those principles last night. He believes the Constitution

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<v Speaker 1>is the law of the land, and while there is

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<v Speaker 1>room for interpretation, what it does mean, just very briefly,

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<v Speaker 1>is the judge or justice is not to impose his

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<v Speaker 1>or her own policy preferences on we the people. So

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<v Speaker 1>that's that's the beginning of the conversation, and I think

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<v Speaker 1>it's going to be a great conversation. There will be

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<v Speaker 1>a lot of yelling, unfortunately, but that's just welcome to democracy.

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<v Speaker 1>Can start within our democracy. There was a time which

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<v Speaker 1>I remember, and I'm going to think of Jacob Javits

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<v Speaker 1>and others, where you you, you checked on the guy's

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<v Speaker 1>credentials and then even if you didn't agree with their politics,

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<v Speaker 1>you voted him in. And we seemed to have removed

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<v Speaker 1>ourselves from that. Do you have a nostalgia that we

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<v Speaker 1>can get back pre Robert Borke, pre Abe Ford us

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<v Speaker 1>to some form of Supreme Court process where we just

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<v Speaker 1>say somebody's qualified, Okay, it can happen. I don't see

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<v Speaker 1>the path forward to making it happen. But but even

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<v Speaker 1>after the Judge Bork situation, Ruth Ginsberg ran the gauntlet

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<v Speaker 1>and her nomination was approved almost unanimously. Now, Ruth, who's

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<v Speaker 1>a great human being and obviously very distinguished judge, had

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<v Speaker 1>a record that all conservative Republicans in the current environment,

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<v Speaker 1>we said, no, of course she's capable, and she's honest

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<v Speaker 1>and the like, but we don't agree with her, and

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<v Speaker 1>therefore we'll go against her again. The vote was almost unanimously,

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<v Speaker 1>almost unanimous. Ditto with Stephen Bryant. Are these um this

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<v Speaker 1>wasn't so terribly long ago. It was the last interest

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<v Speaker 1>it's for one thing, I think the emergence of the

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<v Speaker 1>special interest groups, and that's who we were hearing from

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<v Speaker 1>last evening, and the special interest groups, not that they

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<v Speaker 1>didn't exist before, but I think there's just great power,

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<v Speaker 1>and they have platforms, they raise enormous amounts of money,

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<v Speaker 1>and so they're inflaming I think on both sides of

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<v Speaker 1>the aisle, they're inflaming passions. One thing you did within

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<v Speaker 1>all of your public service in the controversy over Kent Star,

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<v Speaker 1>which Pim and I remember so well, is then you

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<v Speaker 1>went onto a bigger headache, which was a college president,

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<v Speaker 1>which has got to be the worst job in America,

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<v Speaker 1>I mean the yard by any What did you learn

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<v Speaker 1>going from the Ken Star craziness of Washington and all

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<v Speaker 1>the controversy For those of you younger folks, Ken Starr

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<v Speaker 1>was mentioned in every third news story for about two years.

0:16:14.040 --> 0:16:16.240
<v Speaker 1>What was it like when you realized you had a

0:16:16.240 --> 0:16:21.720
<v Speaker 1>bigger challenge at Baylor University and talking about humbling and

0:16:21.880 --> 0:16:24.880
<v Speaker 1>the and the need for a humility. But I felt

0:16:25.000 --> 0:16:28.240
<v Speaker 1>very privileged to be at at Baylor University with its

0:16:28.280 --> 0:16:31.960
<v Speaker 1>great history of the oldest continuingly operating university in the

0:16:31.960 --> 0:16:35.640
<v Speaker 1>state of Texas. Before the state of Texas was uh,

0:16:35.680 --> 0:16:38.200
<v Speaker 1>there was Baylor University. So it had a great tradition.

0:16:38.240 --> 0:16:41.480
<v Speaker 1>I'm a six generation Texas. It was a great call home.

0:16:41.720 --> 0:16:45.840
<v Speaker 1>We won't hold that against you, no, I I put

0:16:45.840 --> 0:16:48.040
<v Speaker 1>that to my credit. But you're you're very kind, Thank you.

0:16:48.360 --> 0:16:51.240
<v Speaker 1>And so the long attort of it is the university

0:16:51.320 --> 0:16:54.920
<v Speaker 1>is extremely complex with many constituencies, and I think it

0:16:55.120 --> 0:16:58.880
<v Speaker 1>many respects. Being a college president is tougher than being

0:16:58.920 --> 0:17:01.080
<v Speaker 1>a United States Senate. There. I never was one, but

0:17:01.120 --> 0:17:04.600
<v Speaker 1>I've been on Capitol Hill a lot because trying to

0:17:04.680 --> 0:17:08.159
<v Speaker 1>manage those constituencies, but also in this day and time,

0:17:08.560 --> 0:17:12.520
<v Speaker 1>showing courage, showing courage and to say no, this is

0:17:12.560 --> 0:17:16.080
<v Speaker 1>what we stand for. For example, I'm a free speech guy.

0:17:16.520 --> 0:17:19.280
<v Speaker 1>And so the idea that, uh I use this just

0:17:19.359 --> 0:17:23.000
<v Speaker 1>as an example that speakers on college campuses can be

0:17:23.720 --> 0:17:28.760
<v Speaker 1>heck old and so forth and and and almost physically assaulted,

0:17:29.280 --> 0:17:32.800
<v Speaker 1>is utterly inimical to what a university stands for. And

0:17:32.840 --> 0:17:35.919
<v Speaker 1>I think college presidents, university presidents have to take the

0:17:36.040 --> 0:17:39.280
<v Speaker 1>lead and stand up and say no, that's wrong, we

0:17:39.359 --> 0:17:43.120
<v Speaker 1>don't do that, um and that, and that takes courage.

0:17:43.680 --> 0:17:47.639
<v Speaker 1>Uh So I learned you need to be courageous virtually

0:17:48.040 --> 0:17:51.960
<v Speaker 1>every day and trying to manage the constituenties, but constituencies,

0:17:51.960 --> 0:17:54.680
<v Speaker 1>but also say, hey, what is it that we're here

0:17:54.720 --> 0:17:57.480
<v Speaker 1>to do? And as I was fond of saying, it's

0:17:57.560 --> 0:18:00.800
<v Speaker 1>all about the students. If what we're doing isn't about

0:18:01.040 --> 0:18:04.480
<v Speaker 1>student welfare and well being, then we need to really

0:18:04.520 --> 0:18:08.000
<v Speaker 1>reassess kind of star. Thank you so much for joining

0:18:08.040 --> 0:18:11.840
<v Speaker 1>us today to comment on at your former clerk, Mr Kavanaugh,

0:18:11.880 --> 0:18:15.880
<v Speaker 1>who starts a path towards the Supreme Court kind Star,

0:18:15.960 --> 0:18:19.720
<v Speaker 1>the former Whitewater Independent Council US Solicitor General and of

0:18:19.760 --> 0:18:23.439
<v Speaker 1>course a former judge is well him. I thought that

0:18:23.560 --> 0:18:26.360
<v Speaker 1>was great. We should you know. It's great to talk

0:18:26.400 --> 0:18:29.679
<v Speaker 1>to people that either worked for whoever we're talking about,

0:18:30.280 --> 0:18:33.520
<v Speaker 1>or they worked for them. You get a whole different perspective,

0:18:33.520 --> 0:18:37.360
<v Speaker 1>don't you. Yes. And just to remind everyone that Ken

0:18:37.440 --> 0:18:40.679
<v Speaker 1>Star has a book that is come out in September.

0:18:41.080 --> 0:18:46.439
<v Speaker 1>It is entitled Contempt, a Memoir of the Clinton Investigation

0:18:46.560 --> 0:19:02.359
<v Speaker 1>that will be out in September by Kent Star. This

0:19:02.640 --> 0:19:06.560
<v Speaker 1>is the interview of the day because within all the

0:19:06.640 --> 0:19:10.480
<v Speaker 1>uproars speaking to the elites of Washington, the elites of

0:19:10.520 --> 0:19:14.440
<v Speaker 1>New York, the people in six zip codes are certainly

0:19:14.480 --> 0:19:18.119
<v Speaker 1>pim fox the elites of this London, England. There is

0:19:18.160 --> 0:19:24.480
<v Speaker 1>another United Kingdom. Daniel Kazinski is the Minister of Parliament

0:19:25.440 --> 0:19:28.399
<v Speaker 1>for the Wisconsin of the United Kingdom. It is to

0:19:28.440 --> 0:19:32.680
<v Speaker 1>the northwest. It is buttressed up against the border with Wales.

0:19:33.240 --> 0:19:36.000
<v Speaker 1>Um minister, wonderful to have you with us today. Are

0:19:36.040 --> 0:19:42.120
<v Speaker 1>there more cows than people in your district? Well, good afternoon.

0:19:42.840 --> 0:19:46.960
<v Speaker 1>We in Shrups are very proud of our cattle farming

0:19:47.080 --> 0:19:49.480
<v Speaker 1>and we have a lot of some of the best

0:19:50.640 --> 0:19:54.080
<v Speaker 1>cattle ranches in the country, and yes we are very

0:19:54.119 --> 0:19:58.800
<v Speaker 1>agriculturally based community. I am horrifically guilty, unlike Pim who's

0:19:59.040 --> 0:20:02.359
<v Speaker 1>it was a rural kind a guy of only focusing

0:20:02.400 --> 0:20:06.159
<v Speaker 1>on England and the five newspapers. How do the people

0:20:06.440 --> 0:20:10.560
<v Speaker 1>of your district, how does rural United Kingdom? How do

0:20:10.680 --> 0:20:14.439
<v Speaker 1>people outside the seven zip codes of London? How do

0:20:14.480 --> 0:20:20.080
<v Speaker 1>they respond to the uproar of the last forty eight hours? Well,

0:20:20.119 --> 0:20:24.960
<v Speaker 1>I think the British people generally are very sensible, pragmatic people,

0:20:25.119 --> 0:20:30.640
<v Speaker 1>but they want they have experimented whether they have allowed

0:20:30.720 --> 0:20:34.280
<v Speaker 1>this experiment of our being a member of the first

0:20:34.320 --> 0:20:38.000
<v Speaker 1>the European Economic Community, then the European Community and then

0:20:38.040 --> 0:20:41.960
<v Speaker 1>the European Union because it is morphed into something completely

0:20:41.960 --> 0:20:45.080
<v Speaker 1>different from what we joined in nine two. They have

0:20:45.160 --> 0:20:49.800
<v Speaker 1>allowed this experiment to continue for forty six years. Uh

0:20:49.800 --> 0:20:52.080
<v Speaker 1>and they have come to the conclusion that it does

0:20:52.160 --> 0:20:55.439
<v Speaker 1>not suit our country. We have tried very hard, we

0:20:55.480 --> 0:20:58.640
<v Speaker 1>have been very patient, They have been very tolerant. They

0:20:58.720 --> 0:21:02.439
<v Speaker 1>have acquiesced to us handing over nearly seven hundred and

0:21:02.440 --> 0:21:05.760
<v Speaker 1>fifty billion dollars to the European Union. Since we joined,

0:21:06.280 --> 0:21:10.160
<v Speaker 1>they have seen a huge amount of our powers being

0:21:10.800 --> 0:21:15.240
<v Speaker 1>diminished as a result of legislation coming from the European Parliament.

0:21:15.400 --> 0:21:17.959
<v Speaker 1>They have gone along with all of that, but finally

0:21:17.960 --> 0:21:20.199
<v Speaker 1>they had come to the conclusion that they want to

0:21:20.320 --> 0:21:24.080
<v Speaker 1>get back to being a sovereign nation state and they

0:21:24.119 --> 0:21:27.560
<v Speaker 1>don't want to continue on the path of moving ever

0:21:27.720 --> 0:21:32.280
<v Speaker 1>closer into a super nationalist state, which is exactly what's

0:21:32.280 --> 0:21:36.400
<v Speaker 1>happening on the continent of euroau Daniel Krazinski, I'm wondering

0:21:36.440 --> 0:21:38.560
<v Speaker 1>if you could just speak a little bit about the

0:21:38.600 --> 0:21:42.919
<v Speaker 1>Conservative Party and do you believe that they will eventually

0:21:43.000 --> 0:21:50.879
<v Speaker 1>speak with one voice as regards a Brexit conclusion. No

0:21:51.119 --> 0:21:55.520
<v Speaker 1>country in my lifetime has ever successfully negotiated pulling out

0:21:55.520 --> 0:21:59.119
<v Speaker 1>of the European Union. This one size fits all straight

0:21:59.240 --> 0:22:03.080
<v Speaker 1>jacket which the elites of Brussels, who are by the way,

0:22:03.160 --> 0:22:07.240
<v Speaker 1>unelected and unaccountable to the people. But this straight jacket

0:22:07.359 --> 0:22:09.040
<v Speaker 1>which they want to impose on the whole of the

0:22:09.160 --> 0:22:13.040
<v Speaker 1>continent is something that, as I've said, is not for us.

0:22:13.080 --> 0:22:17.440
<v Speaker 1>And being the first to do something is always fraught

0:22:17.480 --> 0:22:21.000
<v Speaker 1>with difficulties. I say to some of my constituents, Brexit

0:22:21.080 --> 0:22:25.280
<v Speaker 1>fields sometimes as if we are walking through a mind field.

0:22:26.040 --> 0:22:28.080
<v Speaker 1>But what we're doing is we are laying out a

0:22:28.200 --> 0:22:32.440
<v Speaker 1>path with bread crumbs for others to follow. And when

0:22:32.480 --> 0:22:36.040
<v Speaker 1>other country is particularly my country where I was born, Poland,

0:22:36.080 --> 0:22:39.280
<v Speaker 1>and others, when they see the United Kingdom thriving outside

0:22:39.280 --> 0:22:42.800
<v Speaker 1>of the European Union, navigating as a global country with

0:22:43.440 --> 0:22:45.840
<v Speaker 1>all the other countries around the world, because of course

0:22:45.920 --> 0:22:48.639
<v Speaker 1>ninety five percent of the world's growth is coming from

0:22:48.680 --> 0:22:51.439
<v Speaker 1>outside of the European Union, they will want to follow

0:22:51.520 --> 0:22:55.640
<v Speaker 1>us into becoming sovereign nation states. So of course it's difficult,

0:22:55.720 --> 0:22:59.120
<v Speaker 1>but we are absolutely resolved as a party and determined

0:22:59.320 --> 0:23:03.080
<v Speaker 1>to put the spot forward in our negotiating stance. In

0:23:03.119 --> 0:23:06.159
<v Speaker 1>the interviews that I've done, Sir, with the people that

0:23:06.320 --> 0:23:09.480
<v Speaker 1>are remain or like you, the people that are leave,

0:23:09.680 --> 0:23:13.040
<v Speaker 1>all are focused on Michael Gove. Tell our American in

0:23:13.080 --> 0:23:15.680
<v Speaker 1>our global audience who Michael Gove is and why you're

0:23:15.720 --> 0:23:19.359
<v Speaker 1>watching him in the next two days, the next two weeks,

0:23:19.400 --> 0:23:24.359
<v Speaker 1>the next two months. Well, Michael Gove had you know,

0:23:24.800 --> 0:23:27.760
<v Speaker 1>when we had the Prime Minister Cameron, he tried to,

0:23:27.920 --> 0:23:31.360
<v Speaker 1>i think, make sure that all of us went along

0:23:31.400 --> 0:23:35.040
<v Speaker 1>with his dream of campaigning to remain in the European Union.

0:23:35.600 --> 0:23:38.720
<v Speaker 1>He brought back a negotiation which many of us considered

0:23:38.760 --> 0:23:42.000
<v Speaker 1>to be a fig leaf, something which wasn't worth the

0:23:42.000 --> 0:23:45.399
<v Speaker 1>paper was written on. And that's why people like Michael

0:23:45.440 --> 0:23:48.480
<v Speaker 1>Gove decided a senior member of the cabinet decided to

0:23:48.560 --> 0:23:51.600
<v Speaker 1>rebel and to actually say to him though, I am

0:23:51.640 --> 0:23:55.800
<v Speaker 1>going to campaign for Brexit. He showed great vision, a

0:23:55.840 --> 0:23:58.919
<v Speaker 1>great courage at that time, and many of us supported

0:23:59.240 --> 0:24:02.160
<v Speaker 1>his stance. That's one of the reasons I voted him

0:24:02.240 --> 0:24:05.040
<v Speaker 1>for him to be the leader of my party. He

0:24:05.200 --> 0:24:08.040
<v Speaker 1>is still in the cabinet and he has decided in

0:24:08.160 --> 0:24:10.879
<v Speaker 1>his wisdom, along with his other cock Brexit colleagues in

0:24:10.920 --> 0:24:14.159
<v Speaker 1>the cabinet, that this Checkers settlement with the Prime Minister

0:24:14.200 --> 0:24:20.000
<v Speaker 1>has presented to the cabinet is the most pragmatic way forward,

0:24:20.480 --> 0:24:22.760
<v Speaker 1>and as long as he continues to support the Prime

0:24:22.760 --> 0:24:26.080
<v Speaker 1>Minister that many of us moderates in the Conservative Party

0:24:26.560 --> 0:24:30.040
<v Speaker 1>will also give her that space to try to negotiate

0:24:30.119 --> 0:24:34.640
<v Speaker 1>something tangible and mutually beneficial with the European Union. Thank

0:24:34.680 --> 0:24:37.679
<v Speaker 1>you so much, Daniel Kazinski. Where this from Shampshire in

0:24:37.720 --> 0:24:40.440
<v Speaker 1>the northwest of the United Kingdom and of course a

0:24:40.520 --> 0:24:58.439
<v Speaker 1>member of Parliament. The president will leave for Europe. We

0:24:58.480 --> 0:25:02.480
<v Speaker 1>are saying Trump in Europe and we need perspective. We're

0:25:02.480 --> 0:25:04.160
<v Speaker 1>gonna do a lot in this in the next number

0:25:04.160 --> 0:25:06.800
<v Speaker 1>of days. Is Francie like and I travel to Helsinki?

0:25:07.520 --> 0:25:09.879
<v Speaker 1>Pim Fox in New York. I'm Tom Keene in London

0:25:09.920 --> 0:25:12.520
<v Speaker 1>and joining us now. Someone you need to listen to

0:25:12.640 --> 0:25:16.399
<v Speaker 1>Charles Coupstion uh counts on formulations are senior fellow and

0:25:16.920 --> 0:25:22.920
<v Speaker 1>an exceptionally interesting and varied experience with NATO. Dr coups

0:25:22.960 --> 0:25:25.480
<v Speaker 1>in good morning, what is the thing that we most

0:25:25.560 --> 0:25:28.840
<v Speaker 1>get wrong about NATO? We go NATO and I know

0:25:28.920 --> 0:25:31.359
<v Speaker 1>it's from another time in place and we talked to

0:25:31.440 --> 0:25:35.120
<v Speaker 1>Stavita's or, we talked to kap Lennen, we talked to has.

0:25:35.160 --> 0:25:36.960
<v Speaker 1>What's the thing that drives you nuts about what the

0:25:37.040 --> 0:25:43.880
<v Speaker 1>media covers of NATO? You know? I think the key

0:25:43.920 --> 0:25:48.760
<v Speaker 1>point here is that the President is right that allies

0:25:48.840 --> 0:25:51.840
<v Speaker 1>have not spent enough on defense and need to do more.

0:25:51.920 --> 0:25:56.080
<v Speaker 1>We we spend about twice as a percent of GDP

0:25:57.160 --> 0:26:02.600
<v Speaker 1>what they do on defense. But the constant haranguing of

0:26:02.640 --> 0:26:08.800
<v Speaker 1>our traditional European allies, the dissing of NATO. That's that's

0:26:08.800 --> 0:26:11.480
<v Speaker 1>where I think the President is off the mark, because

0:26:11.880 --> 0:26:16.200
<v Speaker 1>if you think historically, if you think about the onset

0:26:16.640 --> 0:26:19.879
<v Speaker 1>of racism, of anti semitism of World War One, of

0:26:19.920 --> 0:26:24.960
<v Speaker 1>World War Two, and the unique revolutionary success that the

0:26:25.000 --> 0:26:28.080
<v Speaker 1>Atlantic democracies have had in carving out a piece for world,

0:26:28.320 --> 0:26:30.439
<v Speaker 1>you don't want to mess with that. You don't want

0:26:30.480 --> 0:26:32.240
<v Speaker 1>to tinker with that. We don't want to go back

0:26:32.240 --> 0:26:35.880
<v Speaker 1>to the nineteenth century. And that's where I think Trump

0:26:36.000 --> 0:26:40.959
<v Speaker 1>is taking threatening actions and shaking the foundations of the

0:26:40.960 --> 0:26:46.440
<v Speaker 1>world that Americans worked so hard to build. After well

0:26:46.440 --> 0:26:49.040
<v Speaker 1>within that and from the Atlantic Charter on was the

0:26:49.119 --> 0:26:53.920
<v Speaker 1>new way. And then some would say, including Mersheimer in Chicago,

0:26:54.600 --> 0:26:57.960
<v Speaker 1>that we ever reached that we took some adjacence, ease,

0:26:58.600 --> 0:27:02.640
<v Speaker 1>and then we really drissed up against Mr Putin by

0:27:02.760 --> 0:27:06.359
<v Speaker 1>jaw owning about Georgia, jaw owning about this and that,

0:27:06.560 --> 0:27:10.880
<v Speaker 1>and the result was Crimea maybe even Ukraine. Did we overreach?

0:27:12.960 --> 0:27:15.879
<v Speaker 1>I think we did overreach, you know. I think in

0:27:16.000 --> 0:27:20.600
<v Speaker 1>the in the triumphalism that came after the end of

0:27:20.640 --> 0:27:23.680
<v Speaker 1>the Cold War, we thought we could we could take

0:27:24.359 --> 0:27:27.760
<v Speaker 1>at NATO and our principles and our charters and simply

0:27:27.800 --> 0:27:32.720
<v Speaker 1>extend them eastward. And the result was that we crawled

0:27:32.800 --> 0:27:37.679
<v Speaker 1>right up close to Russia, and Russia felt uncomfortable, you know,

0:27:37.760 --> 0:27:41.240
<v Speaker 1>to use a kind of analogy or counter factual, if

0:27:41.320 --> 0:27:45.280
<v Speaker 1>Russia form an alliance with Mexico and Canada and to

0:27:45.359 --> 0:27:48.840
<v Speaker 1>put Russian troops on our border, we would go crazy,

0:27:49.000 --> 0:27:51.840
<v Speaker 1>right uh, And so we we sort of did that

0:27:52.000 --> 0:27:55.600
<v Speaker 1>with with the Russians. That having been said, I don't

0:27:55.600 --> 0:27:59.320
<v Speaker 1>think that there's any reason that that kind of decision

0:27:59.400 --> 0:28:03.400
<v Speaker 1>to expand and NATO justified what the Russians have did

0:28:03.400 --> 0:28:06.239
<v Speaker 1>in Ukraine, or what they've done in Georgia, or what

0:28:06.359 --> 0:28:11.840
<v Speaker 1>they've done in terms of interfering in Western elections. So uh,

0:28:12.359 --> 0:28:15.359
<v Speaker 1>I do think that we need to kind of separate

0:28:15.400 --> 0:28:18.280
<v Speaker 1>the week from the taff and make sure that our

0:28:18.400 --> 0:28:23.160
<v Speaker 1>core relationships with the UK, with France, with Germany are

0:28:23.200 --> 0:28:25.919
<v Speaker 1>in good working order. If they're not, we are in

0:28:26.000 --> 0:28:30.520
<v Speaker 1>deep trouble. Charles cup Chain does the United States is

0:28:30.600 --> 0:28:35.240
<v Speaker 1>outsized contribution to NATO bring US outsized benefits such as

0:28:35.280 --> 0:28:39.120
<v Speaker 1>the dollar as a reserve currency and also the United

0:28:39.160 --> 0:28:42.960
<v Speaker 1>States having a bigger voice in NATO and European affairs

0:28:43.000 --> 0:28:48.400
<v Speaker 1>as a result, you know, there's no question that the

0:28:49.280 --> 0:28:53.560
<v Speaker 1>what we call the liberal international order is also the

0:28:53.600 --> 0:28:59.080
<v Speaker 1>American order. The world that was built by Americans and Europeans,

0:28:59.120 --> 0:29:02.960
<v Speaker 1>in Japanese and South Koreans after World War Two was

0:29:03.000 --> 0:29:07.560
<v Speaker 1>a world that benefited the American people, American corporations, the

0:29:07.600 --> 0:29:11.280
<v Speaker 1>American way of life. That's one of the reasons that

0:29:11.360 --> 0:29:14.120
<v Speaker 1>the Chinese and the Reussians don't like it, because it

0:29:14.200 --> 0:29:17.960
<v Speaker 1>represents our values, that organizes societies in the way that

0:29:18.000 --> 0:29:21.120
<v Speaker 1>we like to organize them. So, yes, we do reap

0:29:21.560 --> 0:29:25.160
<v Speaker 1>inordinate benefits. But I do think that the that the

0:29:25.280 --> 0:29:28.560
<v Speaker 1>kind of key issue here is we have carved out

0:29:28.600 --> 0:29:33.560
<v Speaker 1>a unique, historically unprecedented zone of peace across the Atlantic,

0:29:34.040 --> 0:29:39.239
<v Speaker 1>right from our west coast right through Poland and the

0:29:39.280 --> 0:29:43.360
<v Speaker 1>eastern frontier of NATO. There's a group of nations among

0:29:43.440 --> 0:29:47.800
<v Speaker 1>which war is unthinkable. Could could brinker with that, to

0:29:48.040 --> 0:29:53.400
<v Speaker 1>threaten that, to insult Germans as unworthy allies because they

0:29:53.440 --> 0:29:58.000
<v Speaker 1>sell more BMW's here than we sell boards in Germany.

0:29:58.440 --> 0:30:01.120
<v Speaker 1>That doesn't strike me as a move. It's in the

0:30:01.200 --> 0:30:04.480
<v Speaker 1>interests of American Yeah, let's press the Germans to spend

0:30:04.520 --> 0:30:08.160
<v Speaker 1>more on defense, but let's treat them with respect. And

0:30:08.240 --> 0:30:11.720
<v Speaker 1>realize that if the U s relationship with Germany or

0:30:11.760 --> 0:30:17.680
<v Speaker 1>the French relationship with Germany goes south, the fundamental anchors

0:30:17.920 --> 0:30:21.560
<v Speaker 1>of global peace are going to disappear. Do you believe

0:30:21.640 --> 0:30:24.960
<v Speaker 1>that the position of the United States will also hurt

0:30:25.000 --> 0:30:28.360
<v Speaker 1>the ability of US defense companies to sell their wares

0:30:28.480 --> 0:30:32.440
<v Speaker 1>to our allies. For example, the Europeans are looking at

0:30:32.480 --> 0:30:36.480
<v Speaker 1>a new Eurofighter rather than taking on the new F

0:30:36.680 --> 0:30:41.240
<v Speaker 1>thirty five Joint Strike fighter. Yeah, some of that, Some

0:30:41.360 --> 0:30:44.640
<v Speaker 1>of that is in play. You know. The Kirks, with

0:30:44.680 --> 0:30:47.480
<v Speaker 1>whom we have a troubled relationship right now, have been

0:30:47.480 --> 0:30:52.920
<v Speaker 1>looking at Russian military equipment. On the other hand, Poland

0:30:52.960 --> 0:30:56.880
<v Speaker 1>has recently made a decision to buy Patriot missiles, so

0:30:57.040 --> 0:31:01.840
<v Speaker 1>they're they're buying American uh many respects. These decisions are

0:31:01.880 --> 0:31:05.680
<v Speaker 1>made on the basis of cost and military efficacy, not

0:31:05.920 --> 0:31:08.719
<v Speaker 1>on when you whether you kilt this way or or

0:31:08.760 --> 0:31:12.000
<v Speaker 1>that way. But I think over time, if our relationship

0:31:12.040 --> 0:31:16.160
<v Speaker 1>with Europe stours, and the economic tariffs that we have

0:31:16.280 --> 0:31:20.360
<v Speaker 1>recently imposed on steel and aluminum, and tariffs that might

0:31:20.520 --> 0:31:23.280
<v Speaker 1>follow on other products, you know that that adds to

0:31:23.360 --> 0:31:27.120
<v Speaker 1>the sense of estrangement. So I do think we need

0:31:27.120 --> 0:31:30.160
<v Speaker 1>to to put the cart before the horse and make

0:31:30.200 --> 0:31:33.320
<v Speaker 1>sure that our fundamental relationships are fine and that we

0:31:33.360 --> 0:31:38.160
<v Speaker 1>don't see a rising tide of anti Americanism spread across Europe.

0:31:39.160 --> 0:31:43.680
<v Speaker 1>And what outcome does Vladimir Putin want from the NATO

0:31:43.800 --> 0:31:50.400
<v Speaker 1>meetings that he will not attend. Well, you know, unfortunately,

0:31:51.000 --> 0:31:53.800
<v Speaker 1>I think Mr Trump, whether he knows it or not,

0:31:54.840 --> 0:31:59.400
<v Speaker 1>is doing Putin's bidding, because what Putin wants is a

0:31:59.480 --> 0:32:04.400
<v Speaker 1>weakening of the West. What Putin wants is democracies that

0:32:04.600 --> 0:32:09.280
<v Speaker 1>turn against themselves. What Putin wants is a European Union

0:32:09.960 --> 0:32:14.120
<v Speaker 1>that suffers setback such as the departure of the United

0:32:14.200 --> 0:32:18.280
<v Speaker 1>Kingdom country that you're in right now. And so the

0:32:18.480 --> 0:32:23.640
<v Speaker 1>kind of uh differences and the open acrimony that we

0:32:23.800 --> 0:32:27.360
<v Speaker 1>see right now, and the degree to which the European

0:32:27.520 --> 0:32:32.080
<v Speaker 1>Union is dealing with rising populism, that's all what what

0:32:32.080 --> 0:32:35.400
<v Speaker 1>Putin wants. And so I think the real danger this

0:32:35.480 --> 0:32:39.960
<v Speaker 1>week is that Mr Trump goes to Europe, he ends

0:32:40.040 --> 0:32:45.520
<v Speaker 1>up creating a sense of of distance and a sense

0:32:46.040 --> 0:32:50.360
<v Speaker 1>of alienation within NATO, and then he goes the Helsinki

0:32:50.520 --> 0:32:54.080
<v Speaker 1>and his chummy chummy shoulder to shoulder with the Russian

0:32:54.120 --> 0:32:57.280
<v Speaker 1>president that's that's the last signal that I think the

0:32:57.360 --> 0:33:01.920
<v Speaker 1>United States President should be sending to UH to European allies.

0:33:02.800 --> 0:33:05.920
<v Speaker 1>Dr Cupchen as a senior Fellow at the Council on

0:33:05.960 --> 0:33:09.640
<v Speaker 1>Foreign Relations and also professor at the Wolfsh School of

0:33:09.720 --> 0:33:14.560
<v Speaker 1>Foreign Service at Georgetown University. I know you served on

0:33:14.640 --> 0:33:17.880
<v Speaker 1>the staff of the National Security Council in the Obama administration.

0:33:18.160 --> 0:33:20.200
<v Speaker 1>Do you really believe that this is the end of

0:33:20.200 --> 0:33:27.760
<v Speaker 1>the American era? I think that we don't know yet.

0:33:28.800 --> 0:33:31.600
<v Speaker 1>I think that it's possible that historians will look back

0:33:31.640 --> 0:33:36.600
<v Speaker 1>at nineteen and say that was the day, that was

0:33:36.680 --> 0:33:40.440
<v Speaker 1>the moment that the order that was built during the

0:33:40.880 --> 0:33:45.120
<v Speaker 1>tough years after World War Two came undone. It's also

0:33:45.200 --> 0:33:49.680
<v Speaker 1>possible that we're that we're witnessing a detour, that the

0:33:49.720 --> 0:33:54.280
<v Speaker 1>populism here in the UK, in Germany, in Poland and

0:33:54.440 --> 0:34:01.040
<v Speaker 1>Hungary and Turkey is a response to this location, a globalization,

0:34:01.200 --> 0:34:04.600
<v Speaker 1>to the onset of the digital economy. And we'll figure

0:34:04.640 --> 0:34:07.640
<v Speaker 1>out how to adjust to this shift, just as we

0:34:07.800 --> 0:34:11.719
<v Speaker 1>figured out how to adjust to previous shifts. But I

0:34:11.760 --> 0:34:14.839
<v Speaker 1>don't think that we should be polly anish about the

0:34:14.960 --> 0:34:18.480
<v Speaker 1>scope of the changes that are going on within our society,

0:34:18.840 --> 0:34:22.160
<v Speaker 1>and I do hope that whether it's two years from

0:34:22.239 --> 0:34:26.319
<v Speaker 1>now or six years from now or whatever, that that

0:34:26.400 --> 0:34:29.800
<v Speaker 1>we do see the pendulum swing back in the direction

0:34:29.920 --> 0:34:35.160
<v Speaker 1>of political centrism political moderation. Thank you very much, Charles Cupchin,

0:34:35.560 --> 0:34:40.600
<v Speaker 1>Senior Fellow counsel on Foreign Relations, also Professor of International

0:34:40.600 --> 0:34:51.440
<v Speaker 1>Affairs at Georgetown University. Thanks for listening to the Bloomberg

0:34:51.480 --> 0:34:57.440
<v Speaker 1>Surveillance podcast. Subscribe and listen to interviews on Apple Podcasts, SoundCloud,

0:34:57.800 --> 0:35:02.000
<v Speaker 1>or whichever podcast platform you prefer. I'm on Twitter at

0:35:02.080 --> 0:35:06.319
<v Speaker 1>Tom Keane before the podcast. You can always catch us worldwide.

0:35:06.760 --> 0:35:07.840
<v Speaker 1>I'm Bloomberg Radio.