1 00:00:01,920 --> 00:00:06,200 Speaker 1: Live from our nation's capital. This is Bloomberg sound On 2 00:00:07,480 --> 00:00:11,520 Speaker 1: talking about a huge issue. Here is investment in marginalized communities. 3 00:00:11,760 --> 00:00:14,760 Speaker 1: They want to deconstruct this package and cherry pick what 4 00:00:14,840 --> 00:00:18,160 Speaker 1: they like what they don't like. China is surgeon powered 5 00:00:18,200 --> 00:00:23,240 Speaker 1: with major investments. Bloomberg sound On, the insiders, the influencers, 6 00:00:23,360 --> 00:00:26,840 Speaker 1: the insides. Biden has Thomas again and again that he 7 00:00:27,000 --> 00:00:30,479 Speaker 1: will unite the country. Who do you think Biden has 8 00:00:30,560 --> 00:00:34,440 Speaker 1: to watch in terms of moderate defectors infort structure has 9 00:00:34,560 --> 00:00:38,159 Speaker 1: always been guard part of the Bloomberg sound On on 10 00:00:38,440 --> 00:00:43,040 Speaker 1: Bloomberg Radio. Today is the start of a busy few 11 00:00:43,040 --> 00:00:45,600 Speaker 1: weeks for President Biden. We're going to talk about what 12 00:00:45,640 --> 00:00:48,120 Speaker 1: he's got on his plate. But before we do that, 13 00:00:48,200 --> 00:00:50,400 Speaker 1: let's have a quick check on the markets with Charlie Pell. 14 00:00:50,400 --> 00:00:52,080 Speaker 1: All right, I thank you very much, and here's what's 15 00:00:52,080 --> 00:00:55,600 Speaker 1: going on. Jeannie, United Airlines first quarter or loss seven 16 00:00:55,680 --> 00:00:58,040 Speaker 1: fIF do you share? Estimates were for a loss of 17 00:00:58,120 --> 00:01:00,800 Speaker 1: seven or two shares of u A L down now 18 00:01:00,880 --> 00:01:04,679 Speaker 1: by just about two percent after ours ibm out with earnings. 19 00:01:04,680 --> 00:01:08,000 Speaker 1: It did post its first revenue gain in eleven quarters, 20 00:01:08,240 --> 00:01:12,560 Speaker 1: driven by demand for cloud services, suggesting Arvin Christna's turnaround 21 00:01:12,560 --> 00:01:15,560 Speaker 1: plan is starting to bear fruit. Shares after ours up 22 00:01:15,560 --> 00:01:19,360 Speaker 1: by just about two point eight percent. Stocks retreated from 23 00:01:19,400 --> 00:01:22,199 Speaker 1: records as investors await the heart of the earning season 24 00:01:22,240 --> 00:01:25,199 Speaker 1: along with more economic data later in the week. SMP 25 00:01:25,319 --> 00:01:27,880 Speaker 1: lower today by twenty two points, down five tenths of 26 00:01:27,920 --> 00:01:31,119 Speaker 1: one percent. The Dow dropped one d twenty three, down 27 00:01:31,160 --> 00:01:33,840 Speaker 1: four tenths as stacked down A hundred and thirty seven, 28 00:01:33,840 --> 00:01:37,199 Speaker 1: down by one percent. Tenure yield one point six percent 29 00:01:37,319 --> 00:01:40,680 Speaker 1: gold at seventeen seventy one. The ounce West Texas Enemy 30 00:01:40,760 --> 00:01:44,600 Speaker 1: accrued up four tenths of one percent today sixty three 31 00:01:44,959 --> 00:01:47,800 Speaker 1: thirty eight for a barrel of w T. I again 32 00:01:47,840 --> 00:01:51,320 Speaker 1: recapping equities, Laura Monday sell off SMP down twenty two, 33 00:01:51,360 --> 00:01:54,240 Speaker 1: down five tenths of one percent. I'm Charlie Pellett. That 34 00:01:54,400 --> 00:01:59,000 Speaker 1: Janie is a Bloomberg business flash. Thank you, Charlie. It's 35 00:01:59,320 --> 00:02:01,760 Speaker 1: so good to hear from you. Um. My name is 36 00:02:01,800 --> 00:02:05,760 Speaker 1: Jeanie Schanzano, I'm a Bloomberg political contributor and welcome to 37 00:02:05,840 --> 00:02:08,679 Speaker 1: sound On. Joining me today as always is. I was 38 00:02:08,680 --> 00:02:10,800 Speaker 1: gonna say my partner in crime, Rick Davis, but that 39 00:02:10,840 --> 00:02:15,080 Speaker 1: doesn't sound good. Is my fellow Bloomberg political contributor Rick Davis, 40 00:02:15,440 --> 00:02:18,640 Speaker 1: as well as Michael Gordon. He's a Democratic strategist and 41 00:02:18,760 --> 00:02:22,680 Speaker 1: former d o J spokesperson during the Clinton administration. And 42 00:02:22,760 --> 00:02:24,920 Speaker 1: as I was just mentioning, it's the start of what 43 00:02:25,000 --> 00:02:27,640 Speaker 1: promises to be a really busy few weeks in the 44 00:02:27,720 --> 00:02:32,040 Speaker 1: nation's capital, particularly for the president, this was you know, 45 00:02:32,120 --> 00:02:35,520 Speaker 1: he's just about eighty nine days into his administration. Hard 46 00:02:35,560 --> 00:02:39,239 Speaker 1: to believe. He's scheduled to host the big climate summit 47 00:02:39,280 --> 00:02:41,280 Speaker 1: at the end of the week with leaders from around 48 00:02:41,320 --> 00:02:43,720 Speaker 1: the world. He's preparing to give his State of the 49 00:02:43,800 --> 00:02:47,800 Speaker 1: State address in conjunction with his first one days in office. 50 00:02:47,800 --> 00:02:50,360 Speaker 1: That will be next week and apparently a very hot 51 00:02:50,400 --> 00:02:53,480 Speaker 1: ticket in d C. Because given the pandemic, there's going 52 00:02:53,520 --> 00:02:57,000 Speaker 1: to be a smaller group of lawmakers than usual. Um. 53 00:02:57,040 --> 00:02:59,200 Speaker 1: But before he does any of that, he's going to 54 00:02:59,320 --> 00:03:02,520 Speaker 1: introduce this second part of his infrastructure plan, the America 55 00:03:02,840 --> 00:03:06,280 Speaker 1: Family's Plan, and he knows in order to do that, 56 00:03:06,320 --> 00:03:09,040 Speaker 1: he's got to get Democrats and Republicans to come on 57 00:03:09,120 --> 00:03:12,160 Speaker 1: board with the first part of his infrastructure bill. And 58 00:03:12,240 --> 00:03:14,600 Speaker 1: that's what he spent some of the afternoon doing today. 59 00:03:14,760 --> 00:03:18,040 Speaker 1: Was meeting with a bipartisan group of ten lawmakers to 60 00:03:18,120 --> 00:03:22,080 Speaker 1: discuss the American Jobs Plan. You probably recall last week 61 00:03:22,120 --> 00:03:25,880 Speaker 1: he met with about ten congress people. This week another ten. 62 00:03:26,600 --> 00:03:29,400 Speaker 1: And this week these were people of one of whom 63 00:03:29,400 --> 00:03:33,000 Speaker 1: we spoke to on sound on last week, Representative Himenez 64 00:03:33,040 --> 00:03:36,840 Speaker 1: from Florida. These are people who served as mayors and governors, 65 00:03:36,840 --> 00:03:39,280 Speaker 1: and the White House said, these are people who understand 66 00:03:39,360 --> 00:03:43,200 Speaker 1: firsthand the impact of a federal investment in rebuilding our 67 00:03:43,320 --> 00:03:48,160 Speaker 1: nation's infrastructure on their communities. And we have some sound 68 00:03:48,200 --> 00:03:51,720 Speaker 1: on what President Biden had to say about this meeting. 69 00:03:52,200 --> 00:03:56,120 Speaker 1: I've noticed everybody's for infrastructure. The question is who're going 70 00:03:56,160 --> 00:03:58,680 Speaker 1: to pay for it? And and that's what we're going 71 00:03:58,720 --> 00:04:01,160 Speaker 1: to try to work out to day at least as 72 00:04:01,160 --> 00:04:03,440 Speaker 1: a bi parsonal group of members of the House and Senate. 73 00:04:04,960 --> 00:04:08,240 Speaker 1: And so let me just welcome once again my fellow 74 00:04:08,240 --> 00:04:12,720 Speaker 1: Bloomberg political contributor Rick Davis, and of course Michael Gordon. 75 00:04:13,360 --> 00:04:16,040 Speaker 1: Very happy to talk to both of you. So Rick, 76 00:04:16,320 --> 00:04:18,640 Speaker 1: let me just ask you right off the bat, what 77 00:04:18,720 --> 00:04:21,560 Speaker 1: the President just referenced is somebody's going to have to 78 00:04:21,600 --> 00:04:24,320 Speaker 1: pay for it, and do you think they're going to 79 00:04:24,360 --> 00:04:26,960 Speaker 1: be able to reach agreement on that. Well, of course 80 00:04:26,960 --> 00:04:29,400 Speaker 1: he would like somebody to pay for his two trillion 81 00:04:29,400 --> 00:04:33,640 Speaker 1: dollar package that represents the the legislation that he sent 82 00:04:33,680 --> 00:04:36,800 Speaker 1: to Congress. But I think there are a number of 83 00:04:36,839 --> 00:04:40,520 Speaker 1: initiatives underway someone which bipartisan to actually would let down 84 00:04:40,560 --> 00:04:44,159 Speaker 1: into a smaller package that therefore you could find uh 85 00:04:44,200 --> 00:04:47,200 Speaker 1: an easier path to payment. Uh. In fact, this weekend 86 00:04:47,640 --> 00:04:52,560 Speaker 1: Senator's corner and and Coon's Uh, Coon's being a very 87 00:04:52,560 --> 00:04:56,080 Speaker 1: close friend of the president's. Uh, we're on a Sunday 88 00:04:56,080 --> 00:04:59,599 Speaker 1: show talking about such a package, an eight hundred billion 89 00:04:59,640 --> 00:05:02,000 Speaker 1: dollar package that would be much easier to pay for 90 00:05:02,080 --> 00:05:04,920 Speaker 1: than a two trillion dollar package, and that would represent 91 00:05:05,040 --> 00:05:08,400 Speaker 1: quote hard infrastructure. And so I think you're going to 92 00:05:08,520 --> 00:05:12,359 Speaker 1: see as he reaches out and finds bipartisan consensus that 93 00:05:12,480 --> 00:05:15,279 Speaker 1: it's going to be a slightly different package. But at 94 00:05:15,320 --> 00:05:17,719 Speaker 1: the end of the day, progress will be made. Yeah. 95 00:05:17,720 --> 00:05:20,240 Speaker 1: And let's bring in Michael here, Michael Gordon for a 96 00:05:20,320 --> 00:05:25,039 Speaker 1: Democratic strategist and former d J spokesperson during the Clinton administration. 97 00:05:25,440 --> 00:05:28,600 Speaker 1: Do you think, Michael, from the Democrats point of view, 98 00:05:28,680 --> 00:05:31,680 Speaker 1: that this eight hundred billion that Rick just referenced and 99 00:05:32,080 --> 00:05:35,600 Speaker 1: I heard the same interview you're referencing Rick over the weekend. 100 00:05:35,920 --> 00:05:40,920 Speaker 1: Do you think that's something that Democrats will agree to. Yeah. Absolutely, 101 00:05:40,960 --> 00:05:44,479 Speaker 1: I mean I don't think the issue is getting Democrats 102 00:05:44,680 --> 00:05:47,480 Speaker 1: on board at the end of the day. I think 103 00:05:47,520 --> 00:05:50,640 Speaker 1: the issue is sort of the center of the party, 104 00:05:50,680 --> 00:05:55,719 Speaker 1: the moderate Democrat as well as potentially Republicans, although I'm 105 00:05:55,800 --> 00:06:00,520 Speaker 1: not particularly expecting a large number of a Publicans to 106 00:06:00,560 --> 00:06:04,040 Speaker 1: get on board, if if if any at all. Um, 107 00:06:04,120 --> 00:06:07,160 Speaker 1: But I do think that sort of the Joe Mansions 108 00:06:07,200 --> 00:06:10,679 Speaker 1: of Congress will have a huge, sort of oversized stay 109 00:06:10,760 --> 00:06:13,480 Speaker 1: in where this package nest and wherever it ends up 110 00:06:13,520 --> 00:06:18,440 Speaker 1: getting negotiated, whether it's eight billion um or more or less, 111 00:06:18,800 --> 00:06:22,000 Speaker 1: then then they will get every Democratic vote for sure. 112 00:06:22,080 --> 00:06:25,719 Speaker 1: You know, keep in mind two trillions was the first 113 00:06:25,720 --> 00:06:27,560 Speaker 1: shot in this right, it was it was it was 114 00:06:27,600 --> 00:06:31,560 Speaker 1: the first point of negotiation. And so there's a lot 115 00:06:31,600 --> 00:06:35,360 Speaker 1: of more more work to be done. And and if, um, 116 00:06:35,960 --> 00:06:39,560 Speaker 1: if if all parties are truly willing to compromise, then yeah, absolutely, 117 00:06:39,800 --> 00:06:42,640 Speaker 1: uh they can get it done. And so Rick, I 118 00:06:42,680 --> 00:06:46,240 Speaker 1: know Michael just mentioned he thinks that Democrats will go along. Um, 119 00:06:46,520 --> 00:06:48,960 Speaker 1: that won't be a challenge. But you know, we're hearing, 120 00:06:49,000 --> 00:06:52,400 Speaker 1: and we've heard publicly and apparently Democrats from my home 121 00:06:52,480 --> 00:06:55,000 Speaker 1: state of New York sent a letter to House leadership 122 00:06:55,320 --> 00:06:58,120 Speaker 1: saying that they will not vote for the plan unless 123 00:06:58,160 --> 00:07:01,640 Speaker 1: it includes lifting of this cap on salt, which is 124 00:07:01,640 --> 00:07:03,520 Speaker 1: a big deal where I live, which is the state 125 00:07:03,560 --> 00:07:06,920 Speaker 1: and local tax deductions. So, you know, as much as 126 00:07:06,960 --> 00:07:10,600 Speaker 1: Democrats support the President, they too have their own interests. 127 00:07:10,600 --> 00:07:12,680 Speaker 1: Do you think that he's going to have any negotiation 128 00:07:12,720 --> 00:07:15,640 Speaker 1: with Democrats like those Dems from New York who are 129 00:07:15,680 --> 00:07:18,680 Speaker 1: holding out on cap Oh? Sure, I mean, the only 130 00:07:18,720 --> 00:07:22,760 Speaker 1: thing more important than Republicans and Congress are Democrats holding 131 00:07:22,760 --> 00:07:25,160 Speaker 1: a line in Congress because with the Democrats they can 132 00:07:25,200 --> 00:07:27,600 Speaker 1: get a lot done. Without them, uh, they can't get 133 00:07:27,640 --> 00:07:30,840 Speaker 1: anything done. And so I do think people like Ron Klein, 134 00:07:31,320 --> 00:07:33,960 Speaker 1: the chief of Staff to the President, is out there 135 00:07:34,000 --> 00:07:36,760 Speaker 1: flogging for Democratic votes. We know he's been meeting with 136 00:07:37,200 --> 00:07:39,720 Speaker 1: people like the blue dog Democrats, who you know have 137 00:07:39,800 --> 00:07:43,280 Speaker 1: a different perspective than the progressive way, but the Progressive 138 00:07:43,280 --> 00:07:45,680 Speaker 1: Caucus has been meeting with them too, And and so 139 00:07:46,080 --> 00:07:48,800 Speaker 1: I think you see what we really all thought was 140 00:07:48,840 --> 00:07:51,680 Speaker 1: going to happen in the Trump administration and never took flight. 141 00:07:52,400 --> 00:07:56,040 Speaker 1: Is the entire administration, the staff in the White House, 142 00:07:56,160 --> 00:07:59,800 Speaker 1: the President himself, the Vice President, the cabinet, all fanning 143 00:07:59,800 --> 00:08:04,000 Speaker 1: out to constituents uh within Congress who they think they 144 00:08:04,000 --> 00:08:07,040 Speaker 1: can sell a plan. And what the President is doing, 145 00:08:07,120 --> 00:08:10,200 Speaker 1: which is I think critical to its success, is saying, 146 00:08:10,520 --> 00:08:12,520 Speaker 1: just give me a plan, I'll sign whatever I can 147 00:08:12,560 --> 00:08:15,480 Speaker 1: get back. And I think that is the terms of 148 00:08:15,520 --> 00:08:17,720 Speaker 1: the engagement. And if that's the case, I think they 149 00:08:17,720 --> 00:08:21,040 Speaker 1: can probably find a middle ground somewhere. Yeah. And Michael, 150 00:08:21,080 --> 00:08:23,520 Speaker 1: let me just ask you if I know you served 151 00:08:23,520 --> 00:08:26,760 Speaker 1: for for Bill Clinton, and I know you're not in Congress, 152 00:08:26,800 --> 00:08:30,320 Speaker 1: but if you're a Democrat in Congress and where you're 153 00:08:30,360 --> 00:08:33,760 Speaker 1: hearing people like the aforementioned Chris Coons and others talking 154 00:08:33,760 --> 00:08:37,160 Speaker 1: about potentially breaking this thing in two and you know, 155 00:08:37,280 --> 00:08:40,080 Speaker 1: putting what most people can agree as infrastructure in the 156 00:08:40,120 --> 00:08:43,640 Speaker 1: first and everything else in the second, if you're a Democrat, 157 00:08:43,720 --> 00:08:46,760 Speaker 1: are you comfortable with that kind of arrangement, if that's 158 00:08:46,800 --> 00:08:49,200 Speaker 1: what it comes down to, or do you fear, as 159 00:08:49,240 --> 00:08:51,640 Speaker 1: I think I probably would, that there's not going to 160 00:08:51,760 --> 00:08:54,400 Speaker 1: be a second after you get after you get the first, 161 00:08:54,440 --> 00:08:58,280 Speaker 1: if that one gets done, sure, Yeah, of course you'll 162 00:08:58,280 --> 00:09:00,760 Speaker 1: be afraid of that, but I think it's the same time. 163 00:09:00,920 --> 00:09:04,559 Speaker 1: At the end of the day, whatever the final bill 164 00:09:05,080 --> 00:09:09,120 Speaker 1: is that's put forth, the Democrats will support it. So 165 00:09:09,559 --> 00:09:13,000 Speaker 1: there are obviously a wide range of Democrats and you 166 00:09:13,120 --> 00:09:16,040 Speaker 1: both talk it talked to you know, some of some 167 00:09:16,120 --> 00:09:18,280 Speaker 1: of the Democrats that need to be happy at the 168 00:09:18,360 --> 00:09:22,640 Speaker 1: end of the day. But wherever this mess, that is 169 00:09:22,679 --> 00:09:24,800 Speaker 1: what Democrats are going to vote for. And and and 170 00:09:26,080 --> 00:09:28,000 Speaker 1: no one if if there is a real bill at 171 00:09:28,000 --> 00:09:30,280 Speaker 1: the end of the day, even if not everybody gets 172 00:09:30,320 --> 00:09:34,240 Speaker 1: what they want, Democrats, uh, in any point of the 173 00:09:34,280 --> 00:09:37,320 Speaker 1: party are not going to hijack it. Michael. I want 174 00:09:37,320 --> 00:09:39,400 Speaker 1: to ask you follow up on that, because I mean, 175 00:09:39,559 --> 00:09:41,720 Speaker 1: are the Democrats really giving anything up? I mean, so 176 00:09:41,760 --> 00:09:44,560 Speaker 1: they let's say they pass a bipartisan bill, you know, 177 00:09:44,640 --> 00:09:47,160 Speaker 1: just under a trillion dollars, that's a huge victory for 178 00:09:47,200 --> 00:09:49,880 Speaker 1: this administration. But they can still go back on all 179 00:09:49,920 --> 00:09:52,480 Speaker 1: the pieces of the package that they had before and 180 00:09:52,559 --> 00:09:56,200 Speaker 1: try and get it through reconciliation, can't they? Sure? I 181 00:09:56,200 --> 00:09:59,280 Speaker 1: think that's the possibility, Um, But there is that fear 182 00:09:59,360 --> 00:10:02,280 Speaker 1: that sort of once they get one infrastructure bill through 183 00:10:02,840 --> 00:10:04,920 Speaker 1: that they may not have the energy or may need 184 00:10:04,920 --> 00:10:07,800 Speaker 1: to focus on other things, other issues, uh, to get 185 00:10:07,800 --> 00:10:10,280 Speaker 1: it done. So I think that's a real issue and 186 00:10:10,320 --> 00:10:14,880 Speaker 1: a real fear, and um, you know, they certainly will 187 00:10:15,000 --> 00:10:18,360 Speaker 1: end up giving up potentially. Like like I said, to 188 00:10:18,520 --> 00:10:21,720 Speaker 1: trillion is a starting point, and I think some people 189 00:10:21,760 --> 00:10:24,400 Speaker 1: want even more than two trillions. So you know, I 190 00:10:24,440 --> 00:10:26,760 Speaker 1: think it depends on who you asked. I absolutely think 191 00:10:26,760 --> 00:10:29,080 Speaker 1: that at the end of the day, to get something done, 192 00:10:29,160 --> 00:10:31,880 Speaker 1: Democrats will need to give something up. And at the 193 00:10:32,000 --> 00:10:35,320 Speaker 1: end of last week, um on an issue that Democrats 194 00:10:35,360 --> 00:10:39,040 Speaker 1: have um you know, taken exception to the administration on 195 00:10:39,600 --> 00:10:44,840 Speaker 1: was the announcement of that many liberals seemed disappointed about that. 196 00:10:44,960 --> 00:10:47,520 Speaker 1: The President and the administration said they were not going 197 00:10:47,520 --> 00:10:50,800 Speaker 1: to raise the cap on the number of refugees um 198 00:10:50,800 --> 00:10:53,959 Speaker 1: from the low according to the progressives of the fifteen 199 00:10:54,000 --> 00:10:57,120 Speaker 1: thousand put in the place by the Trump administration. We 200 00:10:57,200 --> 00:11:00,079 Speaker 1: heard the administration walk that back a little bit for 201 00:11:00,240 --> 00:11:03,560 Speaker 1: the weekend. And once again Jen Psaki was trying to 202 00:11:03,600 --> 00:11:06,360 Speaker 1: clear up today the use of the term crisis by 203 00:11:06,400 --> 00:11:08,840 Speaker 1: the president, and I believe we have sound on that 204 00:11:10,040 --> 00:11:13,200 Speaker 1: he does feel that the crisis in Central America, the 205 00:11:13,240 --> 00:11:17,280 Speaker 1: dire circumstances that many are fleeing from that, he that 206 00:11:17,280 --> 00:11:19,680 Speaker 1: that is a situation we need to spend our time, 207 00:11:19,679 --> 00:11:21,400 Speaker 1: our effort on, and we need to address it if 208 00:11:21,400 --> 00:11:24,679 Speaker 1: we're going to prevent more of an influx of migrants 209 00:11:24,720 --> 00:11:28,000 Speaker 1: from coming in years to come. So so, Michael, in 210 00:11:28,360 --> 00:11:31,440 Speaker 1: your mind, is the president's use of the term that's 211 00:11:31,520 --> 00:11:34,440 Speaker 1: gotten a lot of attention. And Jen Psaki was just 212 00:11:34,480 --> 00:11:37,840 Speaker 1: addressing um in the in just about thirty seconds. Was 213 00:11:37,840 --> 00:11:40,920 Speaker 1: was that use of the term crisis as monumental as 214 00:11:40,960 --> 00:11:44,440 Speaker 1: some of the media made it out to be. Uh No, 215 00:11:44,679 --> 00:11:47,480 Speaker 1: And I mean I'm not thrilled with the whole dance 216 00:11:47,520 --> 00:11:49,880 Speaker 1: around the word crisis. I mean a little more important 217 00:11:50,280 --> 00:11:52,920 Speaker 1: was more important as the facts on the ground and 218 00:11:52,920 --> 00:11:55,440 Speaker 1: and how we're trying to resolve them and in a 219 00:11:55,480 --> 00:11:59,199 Speaker 1: compassionate way that's in keeping with our policies. So, but 220 00:11:59,480 --> 00:12:02,200 Speaker 1: it is not news that it is a crisis. It 221 00:12:02,280 --> 00:12:04,840 Speaker 1: is perhaps news that the President said it was a crisis, 222 00:12:05,240 --> 00:12:07,120 Speaker 1: But I don't I don't think a lot of efforts 223 00:12:07,120 --> 00:12:09,800 Speaker 1: should be spent by by the White House in terms 224 00:12:09,800 --> 00:12:12,080 Speaker 1: of trying to spend this in a way that is 225 00:12:12,360 --> 00:12:15,679 Speaker 1: other than the truth. Yeah, and Rick, we we only 226 00:12:15,679 --> 00:12:17,560 Speaker 1: have a few seconds left. Want to talk about this 227 00:12:17,679 --> 00:12:20,800 Speaker 1: more with you and Michael. But you know, it seems 228 00:12:20,840 --> 00:12:23,360 Speaker 1: to me that what we're hearing out of the administration 229 00:12:23,640 --> 00:12:27,640 Speaker 1: is that the number of refugees, refugee resettlement, if you will, 230 00:12:28,240 --> 00:12:32,040 Speaker 1: it is not a big priority for the administration. It's 231 00:12:32,080 --> 00:12:34,000 Speaker 1: not something that they want to spend a lot of 232 00:12:34,080 --> 00:12:37,560 Speaker 1: capital on. It's not something the president wanted to address. 233 00:12:37,640 --> 00:12:40,920 Speaker 1: But the minute he got this backlash on Friday, they 234 00:12:41,040 --> 00:12:43,160 Speaker 1: did say, and we heard Anthony B. Lincoln say it 235 00:12:43,200 --> 00:12:46,360 Speaker 1: over the weekend, that next month they would talk about 236 00:12:46,480 --> 00:12:49,880 Speaker 1: present potentially a new limit. But we also heard, and 237 00:12:49,920 --> 00:12:52,480 Speaker 1: I'm curious to hear what you think about this, is 238 00:12:52,600 --> 00:12:55,280 Speaker 1: that it probably won't be near the sixty two thousand 239 00:12:55,360 --> 00:12:58,360 Speaker 1: originally promised. So we're going to talk about that and 240 00:12:58,520 --> 00:13:02,240 Speaker 1: much more when we have a return on Sound On. 241 00:13:02,679 --> 00:13:23,840 Speaker 1: I'm Jennie Schanzano, and this is Bloomberg. This is Bloomberg 242 00:13:23,960 --> 00:13:29,920 Speaker 1: sound On on Bloomberg Radio. Welcome back to Sound On. 243 00:13:30,040 --> 00:13:33,160 Speaker 1: My name is Jeanie Schanzano, and I am here with 244 00:13:33,520 --> 00:13:38,160 Speaker 1: my colleague Rick Davis, Bloomberg political contributor as well as 245 00:13:38,200 --> 00:13:41,640 Speaker 1: a partner at Stone Court Capital and former campaign manager 246 00:13:41,679 --> 00:13:44,920 Speaker 1: for John McCain's two thousand and eight presidential campaign, and 247 00:13:45,000 --> 00:13:48,679 Speaker 1: of course Michael Gordon a Democratic strategist and former d 248 00:13:48,840 --> 00:13:52,959 Speaker 1: o J spokesperson during the Clinton administration. So, Rick, I 249 00:13:53,040 --> 00:13:56,920 Speaker 1: wanted to see if you had any thoughts reaction to 250 00:13:57,040 --> 00:14:00,520 Speaker 1: my theory, which is that this idea of that the 251 00:14:00,600 --> 00:14:05,000 Speaker 1: administration as we think about this immigration refugee resettlement issue, 252 00:14:05,360 --> 00:14:09,320 Speaker 1: which is that the administration is really unlike I think 253 00:14:09,360 --> 00:14:12,640 Speaker 1: the Trump administration came in with a plan as to 254 00:14:12,720 --> 00:14:16,559 Speaker 1: what they want to focus on, and those were obviously COVID, infrastructure, 255 00:14:16,640 --> 00:14:19,120 Speaker 1: and the economy. He doesn't seem to want to get 256 00:14:19,160 --> 00:14:21,960 Speaker 1: derailed or taken off track by other things he doesn't 257 00:14:22,000 --> 00:14:24,960 Speaker 1: think he can succeed at. And I think refugee resettlement 258 00:14:25,360 --> 00:14:28,640 Speaker 1: doesn't have huge popularity in the polls. I'm not sure 259 00:14:28,680 --> 00:14:31,000 Speaker 1: it's something he's going to be able to address right away. 260 00:14:31,360 --> 00:14:33,560 Speaker 1: Seems to me he'd rather not address. And he got 261 00:14:33,600 --> 00:14:35,200 Speaker 1: a little bit caught with that at the end of 262 00:14:35,240 --> 00:14:38,160 Speaker 1: the last week or over the weekend, for sure. I mean, 263 00:14:38,240 --> 00:14:41,160 Speaker 1: you know, they are battling, you know, a horrific situation 264 00:14:41,200 --> 00:14:42,600 Speaker 1: on the border, and that's going to be in the 265 00:14:42,640 --> 00:14:44,920 Speaker 1: news no matter what. And and I do think this 266 00:14:44,960 --> 00:14:48,440 Speaker 1: administration similar to Obama, just didn't want to pick up 267 00:14:49,040 --> 00:14:52,720 Speaker 1: a real tough partisan battle on the border and on 268 00:14:52,840 --> 00:14:57,760 Speaker 1: immigration without a really tight, you know, comprehensive immigration package. 269 00:14:57,760 --> 00:14:59,880 Speaker 1: But this is a topic that just keeps coming up. 270 00:15:00,040 --> 00:15:02,160 Speaker 1: One of the things in the news this week is 271 00:15:02,160 --> 00:15:04,680 Speaker 1: that former President George Bush has just done a new 272 00:15:04,720 --> 00:15:10,920 Speaker 1: book of Out of Many one e Plurbus unum all 273 00:15:10,960 --> 00:15:14,760 Speaker 1: about you know, the America's gregist strength is immigration. And 274 00:15:14,840 --> 00:15:17,800 Speaker 1: so here's another president who thinks he's doing what he 275 00:15:18,040 --> 00:15:21,360 Speaker 1: can to try and promote some kind of reform, you know, 276 00:15:21,440 --> 00:15:24,480 Speaker 1: gets right into the you know, President Biden's knickers on 277 00:15:24,480 --> 00:15:30,680 Speaker 1: on a very sensitive did you just well moving right along? 278 00:15:31,520 --> 00:15:34,000 Speaker 1: I'm kind of curious from Michael too. I mean, from 279 00:15:34,000 --> 00:15:36,920 Speaker 1: your perspective, and you're you're you're a strategist, you understand 280 00:15:36,960 --> 00:15:38,640 Speaker 1: sort of the by play on sort of getting your 281 00:15:38,680 --> 00:15:42,040 Speaker 1: priorities done. But is there going to be room between 282 00:15:42,080 --> 00:15:44,960 Speaker 1: now in the mid term elections for any kind of 283 00:15:45,160 --> 00:15:49,280 Speaker 1: comprehensive immigration reform, something that sort of packages up all 284 00:15:49,360 --> 00:15:51,960 Speaker 1: these various items and tries to get something done in 285 00:15:52,040 --> 00:15:55,920 Speaker 1: mass Yeah, I mean there are so many items on 286 00:15:56,800 --> 00:15:59,920 Speaker 1: Biden's play right now. Um, that's certainly on the list. 287 00:16:00,000 --> 00:16:04,200 Speaker 1: I'm not sure it will happen candidly between now and 288 00:16:04,560 --> 00:16:08,240 Speaker 1: UM the midterm elections. Many have tried, all have failed. 289 00:16:08,840 --> 00:16:15,520 Speaker 1: UM but sorry, UM, but I think it is worth 290 00:16:16,480 --> 00:16:19,760 Speaker 1: uh the effort because it is an issue that seems 291 00:16:19,800 --> 00:16:24,720 Speaker 1: to dog administration after administration. And if the Democrats, with 292 00:16:24,800 --> 00:16:27,920 Speaker 1: this rare opportunity of holding both the White House and 293 00:16:28,000 --> 00:16:31,320 Speaker 1: both chambers of Congress, can get something done that is 294 00:16:31,440 --> 00:16:35,080 Speaker 1: in line with our values, then I think they should 295 00:16:35,120 --> 00:16:37,640 Speaker 1: do it. You know, the issue is it very frequently 296 00:16:37,720 --> 00:16:41,680 Speaker 1: becomes the heated partisan debate, and as we've seen, Biden 297 00:16:41,760 --> 00:16:45,080 Speaker 1: really has tried to pick his issues and picked popular ones. 298 00:16:45,760 --> 00:16:48,280 Speaker 1: And and Michael, that's a great phrase. Many have tried 299 00:16:48,320 --> 00:16:50,520 Speaker 1: and all have failed. It's sad, but it's a great 300 00:16:50,520 --> 00:16:54,520 Speaker 1: phrase that you used. It's a sad commentary. And and 301 00:16:54,520 --> 00:16:57,480 Speaker 1: and Rick, as we were talking about UM, when President 302 00:16:57,480 --> 00:16:59,760 Speaker 1: Biden was speaking with the Japanese Prime Minister, and the 303 00:16:59,760 --> 00:17:02,480 Speaker 1: first question he got asked, I think it was Friday 304 00:17:02,680 --> 00:17:05,040 Speaker 1: had to do with, of course, the scourge of mass 305 00:17:05,440 --> 00:17:08,320 Speaker 1: you know, gun violence and mass murders in this country. 306 00:17:08,400 --> 00:17:11,439 Speaker 1: And he you know, once again talked about turning to 307 00:17:11,520 --> 00:17:14,239 Speaker 1: Congress to pass gun control. But just as you and 308 00:17:14,280 --> 00:17:17,639 Speaker 1: Michael are talking about in the context of immigration, many 309 00:17:17,720 --> 00:17:20,680 Speaker 1: have tried and all have failed. And you know, I 310 00:17:21,000 --> 00:17:23,679 Speaker 1: heard it was the third or fourth time after this 311 00:17:23,800 --> 00:17:27,639 Speaker 1: Indianapolis shooting that they have lowered flags to half staff 312 00:17:27,680 --> 00:17:29,720 Speaker 1: at the White House And he hasn't even been in 313 00:17:29,800 --> 00:17:32,880 Speaker 1: office a hundred days. All in the context of these 314 00:17:32,920 --> 00:17:36,120 Speaker 1: horrific shootings. Do you have any sense that this will 315 00:17:36,160 --> 00:17:39,720 Speaker 1: be at all different this time? Now? This is one 316 00:17:39,760 --> 00:17:44,200 Speaker 1: of those issues, just as you articulated very well, Jeannie, Um, 317 00:17:44,240 --> 00:17:47,480 Speaker 1: you know, it's sticky, right, just like immigration reform, there's 318 00:17:47,520 --> 00:17:51,960 Speaker 1: no clear path to a solution. Gun violence, police reform, 319 00:17:52,200 --> 00:17:55,680 Speaker 1: urban violence, all these things have plagued the country without 320 00:17:55,760 --> 00:18:00,359 Speaker 1: a ready solution. I do think President Biden has done 321 00:18:00,400 --> 00:18:03,400 Speaker 1: a lot, both as candidate and as president to try 322 00:18:03,400 --> 00:18:06,920 Speaker 1: and empathize with those people involved in this this this 323 00:18:07,000 --> 00:18:11,480 Speaker 1: controversy and and try to talk about pathways. But it's 324 00:18:11,560 --> 00:18:14,560 Speaker 1: it's not an easy solution and and and for a 325 00:18:14,600 --> 00:18:20,080 Speaker 1: country that's wrapped in in gun violence epidemic. Um, It's 326 00:18:20,119 --> 00:18:22,359 Speaker 1: it's something I think it's got to percolate back up. 327 00:18:22,440 --> 00:18:25,560 Speaker 1: As as Michael was saying, to the very top priority 328 00:18:25,600 --> 00:18:29,880 Speaker 1: of this administration, because regardless of their legislative financial proposals, 329 00:18:30,240 --> 00:18:32,639 Speaker 1: this is the part that staring the country apart at 330 00:18:32,640 --> 00:18:34,679 Speaker 1: the seems. And I think one of the things he 331 00:18:34,720 --> 00:18:36,880 Speaker 1: said at that press conference is something to the effective 332 00:18:36,920 --> 00:18:40,360 Speaker 1: he has never not focused on pushing for gun control. 333 00:18:40,760 --> 00:18:42,879 Speaker 1: But you know, there is a lot of gun control 334 00:18:42,920 --> 00:18:45,399 Speaker 1: advocates who would beg to differ with that. This was 335 00:18:45,480 --> 00:18:49,560 Speaker 1: somebody who promised on day one to have massive, you know, 336 00:18:49,800 --> 00:18:53,920 Speaker 1: major I should say, gun control legislation before Congress. All 337 00:18:54,000 --> 00:18:57,359 Speaker 1: we've seen so far have been executive actions that many 338 00:18:57,400 --> 00:19:00,080 Speaker 1: people don't feel so far enough. And of course, you know, 339 00:19:00,280 --> 00:19:03,160 Speaker 1: we are nine years after Sandy Hook. I'm not far 340 00:19:03,280 --> 00:19:06,080 Speaker 1: from the border of Connecticut where that occurred, twenty two 341 00:19:06,200 --> 00:19:10,159 Speaker 1: years after Columbine and yet no action. So you know, 342 00:19:10,400 --> 00:19:13,280 Speaker 1: there have been attempts, as Michael said, and many times, 343 00:19:13,600 --> 00:19:16,120 Speaker 1: but in this context, as in the case of immigration, 344 00:19:16,600 --> 00:19:20,199 Speaker 1: we haven't seen success. And I am curious if the 345 00:19:20,240 --> 00:19:23,360 Speaker 1: President is going to move any you know, be able 346 00:19:23,400 --> 00:19:25,520 Speaker 1: to move the needle on this at all, or to 347 00:19:25,600 --> 00:19:28,639 Speaker 1: my earlier point, if he's even going to try to 348 00:19:28,720 --> 00:19:32,119 Speaker 1: do that. This is sound on on Bloomberg. You can 349 00:19:32,200 --> 00:19:35,720 Speaker 1: download this Bloomberg Sound On podcast on iTunes, at Bloomberg 350 00:19:35,800 --> 00:19:38,800 Speaker 1: dot com or at the Bloomberg Business app. I am 351 00:19:38,840 --> 00:19:59,640 Speaker 1: Genie schanz No, and this is Bloomberg. I am Genie Schanzano. 352 00:20:00,080 --> 00:20:04,320 Speaker 1: I am here with Bloomberg political contributor and a partner 353 00:20:04,359 --> 00:20:07,399 Speaker 1: at stone Court Capital, former campaign manager for John McCain, 354 00:20:07,800 --> 00:20:11,960 Speaker 1: Rick Davis, as well as Michael Gordon, a Democratic strategist 355 00:20:11,960 --> 00:20:15,480 Speaker 1: and a former d J spokesperson during the Clinton administration. 356 00:20:16,000 --> 00:20:20,800 Speaker 1: And today, of course is a sad anniversary UM twenties 357 00:20:20,840 --> 00:20:24,159 Speaker 1: six years ago today, a hundred and sixty eight people 358 00:20:24,200 --> 00:20:29,080 Speaker 1: were killed. It was April nineteenth, nineteen five, the day 359 00:20:29,119 --> 00:20:32,480 Speaker 1: after my mom's birthday, so I remember it very well. 360 00:20:32,520 --> 00:20:36,480 Speaker 1: At the Alfred Pmurra Government Building in Oklahoma City, in 361 00:20:36,600 --> 00:20:41,159 Speaker 1: honor of their memory, a remembrance ceremony UM was held 362 00:20:41,440 --> 00:20:46,360 Speaker 1: UM and this year's keynote speaker was Attorney General Merrick Garland, 363 00:20:46,400 --> 00:20:48,760 Speaker 1: who was with the Justice Department at the time of 364 00:20:48,800 --> 00:20:51,879 Speaker 1: the attack and part of the search to find the 365 00:20:51,920 --> 00:20:56,280 Speaker 1: bomber Timothy McVeigh, and he had some fairly moving uh 366 00:20:56,680 --> 00:20:59,560 Speaker 1: comments to make during today's remembrance ceremony, and we have 367 00:20:59,680 --> 00:21:03,840 Speaker 1: sound on that. Although many years have passed, the terror 368 00:21:03,960 --> 00:21:08,480 Speaker 1: perpetrated by people like Timothy McVeigh is still with us, 369 00:21:09,480 --> 00:21:13,240 Speaker 1: and of course now Attorney General Merrick Garland vowing to 370 00:21:13,359 --> 00:21:19,240 Speaker 1: continue to combat extremism twenty six years later. And Michael, 371 00:21:19,280 --> 00:21:21,960 Speaker 1: I wanted to come to you because I know you 372 00:21:22,000 --> 00:21:24,080 Speaker 1: were at the Department of Justice. I don't think you 373 00:21:24,119 --> 00:21:26,800 Speaker 1: were there at this particular moment, but please correct me 374 00:21:26,840 --> 00:21:28,960 Speaker 1: if I'm wrong, But I wanted to ask you to 375 00:21:29,040 --> 00:21:32,639 Speaker 1: reflect a little bit on this anniversary and what you 376 00:21:32,680 --> 00:21:36,919 Speaker 1: remember about it. Sure. Yeah, so I did work for 377 00:21:36,920 --> 00:21:38,520 Speaker 1: Clinton at the time, but I was in a different 378 00:21:38,600 --> 00:21:40,800 Speaker 1: role and it was before I worked at the Justice Department. 379 00:21:40,880 --> 00:21:46,440 Speaker 1: But obviously, um, the whole country was shaken by it, 380 00:21:46,640 --> 00:21:49,159 Speaker 1: and we, of course all of us who worked for 381 00:21:49,200 --> 00:21:53,240 Speaker 1: the president were shaken by it as well. And it 382 00:21:53,440 --> 00:21:57,600 Speaker 1: was just a palpably I mean, you could not walk 383 00:21:57,680 --> 00:22:03,280 Speaker 1: around the hallways without feeling the palpable sadness among all 384 00:22:03,320 --> 00:22:07,960 Speaker 1: of us when this took place. And um, you know, 385 00:22:08,119 --> 00:22:10,600 Speaker 1: it sort of feels to me like it was the 386 00:22:10,640 --> 00:22:17,359 Speaker 1: beginning of this um domestic terrorism. Domestic you know that 387 00:22:18,040 --> 00:22:20,040 Speaker 1: we talked briefly in the last segment. You know, the 388 00:22:20,800 --> 00:22:26,640 Speaker 1: mass shootings like like that was really the first major 389 00:22:27,080 --> 00:22:30,120 Speaker 1: thing that has sort of defined so much of our 390 00:22:30,160 --> 00:22:34,000 Speaker 1: culture for the last quarter century. But um, it was, 391 00:22:35,080 --> 00:22:39,000 Speaker 1: um it just it was unspeakable sadness, and you know, 392 00:22:39,040 --> 00:22:43,320 Speaker 1: sort of magnified by the fact that that children, you know, 393 00:22:43,440 --> 00:22:47,600 Speaker 1: we were impacted, and as has been the case with 394 00:22:47,920 --> 00:22:50,560 Speaker 1: so many of the mass shootings as well, you know, 395 00:22:50,640 --> 00:22:54,040 Speaker 1: Michael Attorney General Merrick Garland made the point in his 396 00:22:54,119 --> 00:22:57,720 Speaker 1: speech about how you know, this was perpetrated by individuals 397 00:22:57,720 --> 00:23:00,119 Speaker 1: who had a hatred for the federal government and and 398 00:23:00,280 --> 00:23:02,439 Speaker 1: maybe was the first time in a lot of our 399 00:23:02,480 --> 00:23:06,360 Speaker 1: lives we really were confronted, you know, uh, firsthand with 400 00:23:06,560 --> 00:23:09,560 Speaker 1: this kind of domestic extremism. You know, we've gotten used 401 00:23:09,600 --> 00:23:14,120 Speaker 1: to you know, foreign radicals trying to inflict harm upon us. 402 00:23:14,160 --> 00:23:17,000 Speaker 1: But the idea that it came from within was was 403 00:23:17,000 --> 00:23:19,119 Speaker 1: was a shock to so many people and continues to 404 00:23:19,160 --> 00:23:20,960 Speaker 1: be you know, I mean, we we only need to 405 00:23:21,000 --> 00:23:24,120 Speaker 1: be reminded of the events at the Capitol on January 406 00:23:24,160 --> 00:23:27,080 Speaker 1: six to realize that that this has not gotten better, 407 00:23:27,200 --> 00:23:30,480 Speaker 1: It's gotten worse. And so I'm kind of curious, you know, 408 00:23:30,760 --> 00:23:33,480 Speaker 1: is there something this administration can do. I mean, obviously 409 00:23:33,520 --> 00:23:36,520 Speaker 1: Merrick Garland's speech today is a good first step, but 410 00:23:36,600 --> 00:23:40,919 Speaker 1: you're used to doing sort of sophisticated strategies around communications. Um, 411 00:23:41,480 --> 00:23:43,439 Speaker 1: is there something this administration could do to get us 412 00:23:43,440 --> 00:23:47,400 Speaker 1: back on a track where our our national institutions, the courts, 413 00:23:47,480 --> 00:23:50,760 Speaker 1: the government um, aren't the enemy of the people, but 414 00:23:50,880 --> 00:23:54,879 Speaker 1: in fact those who can actually ensure our liberties are 415 00:23:54,920 --> 00:23:59,520 Speaker 1: are maintained not taken away. Sure, well, it's it's more 416 00:23:59,560 --> 00:24:03,399 Speaker 1: abaid long term uh strategy. And I don't think the 417 00:24:03,440 --> 00:24:07,440 Speaker 1: president and his administration alone can make the difference here 418 00:24:07,480 --> 00:24:11,399 Speaker 1: because there are so many institutions at play. Um. Of course, 419 00:24:11,800 --> 00:24:17,160 Speaker 1: cable news and social media have really amplified so much 420 00:24:17,200 --> 00:24:19,720 Speaker 1: of the and reflected so much of the anger in 421 00:24:19,720 --> 00:24:25,240 Speaker 1: this country. So I think that the president alone can't 422 00:24:25,280 --> 00:24:27,600 Speaker 1: do it. But I think he The more he can 423 00:24:27,640 --> 00:24:33,600 Speaker 1: do to humanize these institutions and the people behind them 424 00:24:33,640 --> 00:24:36,159 Speaker 1: and the work that they do, and the more that 425 00:24:36,240 --> 00:24:40,359 Speaker 1: he can connect that that humanization and those people in 426 00:24:40,400 --> 00:24:45,040 Speaker 1: those institutions to the real, everyday lives of steadiens, the 427 00:24:45,119 --> 00:24:48,920 Speaker 1: more effective he will be. But he will never reach everyone, 428 00:24:48,960 --> 00:24:51,200 Speaker 1: because that's just the state of our country right now. 429 00:24:52,080 --> 00:24:56,920 Speaker 1: He will reach a you know, perhaps a large moderate 430 00:24:57,440 --> 00:25:02,280 Speaker 1: swath across the country. But um, I don't see him 431 00:25:02,280 --> 00:25:05,159 Speaker 1: reaching everyone. And that's just the reality of where we 432 00:25:05,200 --> 00:25:09,439 Speaker 1: are today. It's such a good point, and Michael, you know, 433 00:25:09,520 --> 00:25:12,560 Speaker 1: I agree with you. That seemed now looking back on it, 434 00:25:12,600 --> 00:25:15,159 Speaker 1: like the start of what we were seeing, as Rick mentioned, 435 00:25:15,200 --> 00:25:18,720 Speaker 1: you know, culminating potentially in January six. And Rick, we 436 00:25:18,800 --> 00:25:21,840 Speaker 1: only have about thirty forty seconds left. But your party 437 00:25:21,920 --> 00:25:25,760 Speaker 1: over the weekend made some news with this caucus um 438 00:25:25,800 --> 00:25:28,600 Speaker 1: in the House that was discussed when many people describing 439 00:25:28,600 --> 00:25:31,159 Speaker 1: it as racist and dativist. Do you think it's going 440 00:25:31,240 --> 00:25:35,480 Speaker 1: to take Republicans standing up to make a change on this, Yeah, 441 00:25:35,520 --> 00:25:38,119 Speaker 1: I think. Look, I think it's what Michael said is 442 00:25:38,119 --> 00:25:41,080 Speaker 1: is really appealing to me. I mean, the humanization of 443 00:25:41,160 --> 00:25:44,280 Speaker 1: institutions and government and and and even the issues that 444 00:25:44,320 --> 00:25:46,600 Speaker 1: we have, bring it down to how it impacts people, 445 00:25:47,040 --> 00:25:48,919 Speaker 1: I think is a really good way to try and 446 00:25:48,960 --> 00:25:52,840 Speaker 1: neutralize some of this really crass partisanship that's still is 447 00:25:52,920 --> 00:25:55,800 Speaker 1: in our in our party, in our institutions. It's on 448 00:25:55,840 --> 00:25:59,040 Speaker 1: both parties. And I think Michael's point is, you know, 449 00:25:59,080 --> 00:26:02,199 Speaker 1: try to create a human face to this um. You know, 450 00:26:02,240 --> 00:26:05,679 Speaker 1: when we throw out these invectives. Remember, we're we're we're 451 00:26:05,720 --> 00:26:09,080 Speaker 1: attacking real people, whether it's on the border or with 452 00:26:09,240 --> 00:26:12,359 Speaker 1: you know, people who are involved in domestic extremism. So 453 00:26:12,400 --> 00:26:14,840 Speaker 1: I think, I think that is really great advice and 454 00:26:14,840 --> 00:26:16,560 Speaker 1: and I think we we we we should do a 455 00:26:16,600 --> 00:26:20,320 Speaker 1: memo out to Congress and the rest of administration on humanization. 456 00:26:20,960 --> 00:26:23,240 Speaker 1: I want you and Michael to get on that memo. 457 00:26:23,320 --> 00:26:25,399 Speaker 1: I agree. I think it's a good point. And I 458 00:26:25,480 --> 00:26:28,600 Speaker 1: have to say, you know, Attorney General Merrick Garland. Of course, 459 00:26:28,640 --> 00:26:30,920 Speaker 1: we we mostly remember him more as recently as being 460 00:26:30,960 --> 00:26:33,919 Speaker 1: nominated and not getting a consideration from the Senate. So 461 00:26:33,960 --> 00:26:37,120 Speaker 1: when he was nominated for a g and they began 462 00:26:37,200 --> 00:26:40,520 Speaker 1: talking about his work during the Oklahoma City bombing, Um, 463 00:26:40,680 --> 00:26:44,200 Speaker 1: I was I I had realized how involved he had been. 464 00:26:44,280 --> 00:26:47,400 Speaker 1: So I want to thank so much Michael Gordon. He's 465 00:26:47,400 --> 00:26:52,520 Speaker 1: a Democratic strategist, former DJ spokesperson during the Clinton administration. Michael, 466 00:26:52,520 --> 00:26:54,560 Speaker 1: it was great to talk to you and look forward 467 00:26:54,600 --> 00:26:57,840 Speaker 1: to talking to you again soon. I'm Jeanie Schanzano and 468 00:26:57,920 --> 00:27:17,280 Speaker 1: this is Bloomberg. You're listening to Bloomberg sound On on 469 00:27:17,440 --> 00:27:24,359 Speaker 1: Bloomberg Radio, and welcome back to sound On. I'm Bloomberg Radio. 470 00:27:24,520 --> 00:27:27,720 Speaker 1: I am Genie Chanzano along with my fellow Bloomberg political 471 00:27:27,760 --> 00:27:32,520 Speaker 1: contributor Rick Davis, and really delighted to welcome the representative 472 00:27:32,720 --> 00:27:38,840 Speaker 1: Congresswoman from New York's eleventh District, Nicole Maliatakas. So, Representative Maliatakas, 473 00:27:38,880 --> 00:27:42,680 Speaker 1: it's really wonderful to talk to you. Thank you, thanks 474 00:27:42,680 --> 00:27:45,239 Speaker 1: for having me on today. So I know that you 475 00:27:45,400 --> 00:27:49,720 Speaker 1: sit on the all important Transportation Infrastructure Committee as well 476 00:27:49,760 --> 00:27:54,200 Speaker 1: as on foreign affairs, but wanted to ask you about infrastructure. 477 00:27:54,240 --> 00:27:58,200 Speaker 1: I'm sure you're not surprised by that. UM And in particular, 478 00:27:58,320 --> 00:28:00,280 Speaker 1: I know and I have to tell you, I am 479 00:28:00,359 --> 00:28:02,520 Speaker 1: from New York, so this is something close to me 480 00:28:02,960 --> 00:28:06,200 Speaker 1: that you have joined UM with the quote unquote Salt 481 00:28:06,240 --> 00:28:10,240 Speaker 1: Caucus seeking a full repeal on salt deductions. Can you 482 00:28:10,359 --> 00:28:15,400 Speaker 1: talk a little bit about your view on that? Sure? Well, UM, 483 00:28:15,400 --> 00:28:18,880 Speaker 1: I represents St An Island in Brooklyn and New York City, uh, 484 00:28:18,880 --> 00:28:21,720 Speaker 1: and the salt deduction is critically important. But I I 485 00:28:22,200 --> 00:28:24,600 Speaker 1: I think it's important to make clear that I I 486 00:28:24,720 --> 00:28:28,399 Speaker 1: support restoring the salt deduction, which would allow people to 487 00:28:28,480 --> 00:28:31,120 Speaker 1: take that right off when they do their federal tax 488 00:28:31,160 --> 00:28:33,760 Speaker 1: returns to the state and local income tax that they pay, 489 00:28:33,840 --> 00:28:36,360 Speaker 1: so they're not double tax But I also think it's 490 00:28:36,400 --> 00:28:39,200 Speaker 1: important that New York City and New York State hold 491 00:28:39,200 --> 00:28:42,000 Speaker 1: the line and taxes. So when we had this unveiling 492 00:28:42,040 --> 00:28:45,480 Speaker 1: of the newly formed Salt Caucus, which is Republicans and 493 00:28:45,520 --> 00:28:50,160 Speaker 1: Democrats who share these views, um we I made clear 494 00:28:50,280 --> 00:28:53,240 Speaker 1: that you know, this is not a license for Mayor 495 00:28:53,280 --> 00:28:56,480 Speaker 1: de Las to continue raising taxes or Governor Cuomo to 496 00:28:56,520 --> 00:28:59,360 Speaker 1: continue raising taxes. I think that is very important that 497 00:28:59,400 --> 00:29:02,560 Speaker 1: they hold the line on state and local taxes, particularly 498 00:29:02,640 --> 00:29:06,000 Speaker 1: New York City the property tax, which has gone up 499 00:29:06,120 --> 00:29:10,680 Speaker 1: well over since Mayor to Blasio has been in office. 500 00:29:10,720 --> 00:29:13,880 Speaker 1: So New York City, unfortunately is the only municipality in 501 00:29:13,920 --> 00:29:15,920 Speaker 1: the state of New York that does not have a 502 00:29:15,920 --> 00:29:19,400 Speaker 1: property tax cap. So I continue to push for New 503 00:29:19,480 --> 00:29:22,400 Speaker 1: York City's property tax cap, but the salt deduction would 504 00:29:22,440 --> 00:29:24,840 Speaker 1: be something that we can do on the federal level 505 00:29:25,080 --> 00:29:28,920 Speaker 1: to provide relief for the people that we represent back 506 00:29:28,960 --> 00:29:32,840 Speaker 1: home who are being double taxed. Congressman this Rick Davis, 507 00:29:32,880 --> 00:29:35,320 Speaker 1: Welcome to the program, and I'm so excited to have 508 00:29:35,440 --> 00:29:38,880 Speaker 1: you here because you are such a special individual. I mean, 509 00:29:38,880 --> 00:29:42,240 Speaker 1: the only woman Republican ever elected in New York City. 510 00:29:42,280 --> 00:29:45,400 Speaker 1: I mean that is so strong. Um. And I must say, 511 00:29:45,560 --> 00:29:48,360 Speaker 1: for many people who don't know, uh, I was very 512 00:29:48,400 --> 00:29:50,920 Speaker 1: excited about your run for mayor two. I thought having 513 00:29:50,960 --> 00:29:53,760 Speaker 1: you in city Hall would have been great. But it's 514 00:29:53,840 --> 00:29:56,200 Speaker 1: great to have you in Congress. And I want to 515 00:29:56,240 --> 00:29:59,680 Speaker 1: follow up on the funding of these items. Like you know, 516 00:29:59,720 --> 00:30:03,920 Speaker 1: saw obviously take some revenue out of the system. Uh. 517 00:30:03,960 --> 00:30:05,880 Speaker 1: And I totally agree with you. I mean, unless we 518 00:30:05,920 --> 00:30:09,600 Speaker 1: can pay in taxes, especially in that region, the better 519 00:30:09,640 --> 00:30:12,080 Speaker 1: off we are. But but we seem to be coming 520 00:30:12,160 --> 00:30:15,680 Speaker 1: up with some progress on infrastructure around some of these 521 00:30:15,720 --> 00:30:18,160 Speaker 1: you know, sort of bipartisan options that are going on. 522 00:30:18,240 --> 00:30:20,000 Speaker 1: We had a little bit of a conversation about that 523 00:30:20,080 --> 00:30:23,360 Speaker 1: earlier in the program. But even if you're looking at 524 00:30:23,560 --> 00:30:26,840 Speaker 1: a eight hundred one billion dollar infrastructure package, we've got 525 00:30:26,960 --> 00:30:29,520 Speaker 1: to pay for that somehow, And we know the Biden 526 00:30:29,520 --> 00:30:33,520 Speaker 1: administration's position on that is to raise corporate taxes at 527 00:30:33,720 --> 00:30:36,520 Speaker 1: at a minimum. Uh. What's your sense of how to 528 00:30:36,560 --> 00:30:39,640 Speaker 1: get some infrastructure done? And and but in a way 529 00:30:39,680 --> 00:30:44,240 Speaker 1: that doesn't really press the taxpayer. Yeah, So, first of all, 530 00:30:44,240 --> 00:30:47,040 Speaker 1: I think I think that you know, look, when we 531 00:30:47,080 --> 00:30:50,320 Speaker 1: did the COVID relief bill. Part of my frustration with 532 00:30:50,400 --> 00:30:52,840 Speaker 1: this latest package was the amount of money it's spent 533 00:30:52,880 --> 00:30:55,080 Speaker 1: when we had a trillion dollars still and spent from 534 00:30:55,080 --> 00:30:58,520 Speaker 1: the remaining package. So and if I were sort of 535 00:30:58,560 --> 00:31:00,280 Speaker 1: in charge of everything, I would have seen if some 536 00:31:00,360 --> 00:31:02,400 Speaker 1: of that money and said, you know, let's make sure 537 00:31:02,400 --> 00:31:04,840 Speaker 1: we spend that money first before we do another one 538 00:31:04,840 --> 00:31:07,400 Speaker 1: point nine trillion dollar package, and let's save some of 539 00:31:07,440 --> 00:31:12,240 Speaker 1: this for the transportation infrastructure bill. Now moving forward, I'm 540 00:31:12,360 --> 00:31:15,760 Speaker 1: very I'm very worried about taking on more debt, as 541 00:31:15,800 --> 00:31:18,560 Speaker 1: you know, we're approaching a thirty trillion dollar debt in 542 00:31:18,600 --> 00:31:21,680 Speaker 1: this country. Uh. And I also am concerned about raising 543 00:31:21,720 --> 00:31:24,120 Speaker 1: taxes and the impact that they may have. You know, 544 00:31:24,160 --> 00:31:26,280 Speaker 1: I think that at the end of the day, you 545 00:31:26,320 --> 00:31:29,680 Speaker 1: may have a combination of, you know, some form of 546 00:31:29,800 --> 00:31:33,280 Speaker 1: increase in taxes, and whether it be by slightly increasing 547 00:31:33,280 --> 00:31:35,200 Speaker 1: the corporate tax, which is what some of the Democrats 548 00:31:35,240 --> 00:31:37,440 Speaker 1: are pushing. They were first thing. But I don't think 549 00:31:37,440 --> 00:31:40,720 Speaker 1: that's going to happen simply because, uh, you know, you 550 00:31:40,760 --> 00:31:44,000 Speaker 1: have even Democrats that are opposed to increasing it that much. 551 00:31:44,200 --> 00:31:46,560 Speaker 1: But it probably will be some form of combination of 552 00:31:47,040 --> 00:31:51,160 Speaker 1: perhaps a user fee for using the highways, which would 553 00:31:51,240 --> 00:31:54,120 Speaker 1: basically be charged on mileage. I don't think the gas 554 00:31:54,160 --> 00:31:56,720 Speaker 1: tax is really an option anymore. Um. And then and 555 00:31:56,760 --> 00:31:59,240 Speaker 1: then some maybe something with the corporate tax. I'm you know, 556 00:31:59,280 --> 00:32:01,440 Speaker 1: the Republican. I'm always saying, look, we should look for 557 00:32:01,480 --> 00:32:04,200 Speaker 1: areas where we can cut spending, uh and try to 558 00:32:04,280 --> 00:32:06,960 Speaker 1: balance it out. I mean, as a New York state legislature, 559 00:32:07,400 --> 00:32:09,080 Speaker 1: I was able to go through this budget and and 560 00:32:09,120 --> 00:32:11,560 Speaker 1: see tons of areas where we can cut where money 561 00:32:11,600 --> 00:32:14,600 Speaker 1: is being wasted when we're not operating efficiently. And I 562 00:32:14,640 --> 00:32:16,560 Speaker 1: think that that's what we should be doing, that sort 563 00:32:16,600 --> 00:32:20,040 Speaker 1: of exercise on the federal level first to see where 564 00:32:20,040 --> 00:32:23,560 Speaker 1: can we perhaps find savings to offset and then you know, 565 00:32:23,640 --> 00:32:25,600 Speaker 1: if there are a feed or taxes that have to 566 00:32:25,600 --> 00:32:28,560 Speaker 1: be implemented, then then we can have that discussion. But 567 00:32:28,600 --> 00:32:31,560 Speaker 1: I would say that, UM, you know, it's hard to 568 00:32:31,560 --> 00:32:34,120 Speaker 1: tell at this point the direction that Congress will be 569 00:32:34,160 --> 00:32:36,960 Speaker 1: going in. I know that on our side of the aisle, 570 00:32:37,000 --> 00:32:39,480 Speaker 1: we prefer to look at some sort of savings before 571 00:32:39,520 --> 00:32:42,680 Speaker 1: we increase taxes. Uh. And you know that that's I 572 00:32:42,680 --> 00:32:44,720 Speaker 1: think where we're going to stand. I think the most 573 00:32:44,760 --> 00:32:48,479 Speaker 1: important thing is that this package is actually tailored and 574 00:32:48,560 --> 00:32:52,800 Speaker 1: specific to the needs of transportation infrastructure. Part of my 575 00:32:52,880 --> 00:32:59,480 Speaker 1: frustration is that less would be traditional infrastructure roads, bridges 576 00:32:59,680 --> 00:33:03,080 Speaker 1: to the old uh Port airport. A lot of this 577 00:33:03,240 --> 00:33:06,120 Speaker 1: spending is so you know, they're talking about health care 578 00:33:06,120 --> 00:33:09,440 Speaker 1: and childcare and medicaid uh you know, a lot of 579 00:33:09,520 --> 00:33:13,400 Speaker 1: Green New Deal type policies, which look some some investment 580 00:33:13,400 --> 00:33:16,360 Speaker 1: in in in green technology is important, but we shouldn't 581 00:33:16,400 --> 00:33:20,360 Speaker 1: be subsidizing electric cars more than we're paying for you know, 582 00:33:20,400 --> 00:33:23,360 Speaker 1: bridges and roads and imports. So I think that that's 583 00:33:23,400 --> 00:33:24,720 Speaker 1: some of the why you're gonna get some of the 584 00:33:24,720 --> 00:33:27,320 Speaker 1: pushback from the Republicans um. But so it's yet to 585 00:33:27,360 --> 00:33:30,200 Speaker 1: be seen how this all shapes up. But I know 586 00:33:30,320 --> 00:33:34,760 Speaker 1: that there are many Republicans interested in true infrastructure, true 587 00:33:34,760 --> 00:33:37,480 Speaker 1: transportation upgrades. And I could just add one more thing. 588 00:33:38,160 --> 00:33:40,360 Speaker 1: Part of my frustration is, you know, seeing how city 589 00:33:40,360 --> 00:33:44,280 Speaker 1: and state get don't use taxpayer money wisely to actually 590 00:33:44,440 --> 00:33:47,160 Speaker 1: keep up with infrastructure needs. This is the problem New 591 00:33:47,240 --> 00:33:49,680 Speaker 1: York has. You know, people pay taxes, they work hard, 592 00:33:49,880 --> 00:33:54,160 Speaker 1: they expect transportation improvements, expect the traffic to flow, They 593 00:33:54,160 --> 00:33:57,480 Speaker 1: expect you to keep up to date with the infrastructure. 594 00:33:57,720 --> 00:34:01,320 Speaker 1: They expect a good education for the children. They expect 595 00:34:01,320 --> 00:34:05,120 Speaker 1: you to keep public safety UH and and and border security. 596 00:34:05,160 --> 00:34:07,160 Speaker 1: These are the things that I think, you know, our 597 00:34:07,320 --> 00:34:10,880 Speaker 1: local cities and states should be doing better in actually 598 00:34:10,880 --> 00:34:13,600 Speaker 1: spending money with what the taxpayers expect you to spend 599 00:34:13,600 --> 00:34:16,520 Speaker 1: it on, instead of doing all sorts of other things 600 00:34:16,760 --> 00:34:20,719 Speaker 1: that is outside the realm of government and representative I know, 601 00:34:20,800 --> 00:34:23,920 Speaker 1: in addition to transportation and infrastructure, you're also sitting on 602 00:34:24,000 --> 00:34:26,759 Speaker 1: foreign affairs, and the last week or two there's been 603 00:34:26,800 --> 00:34:31,280 Speaker 1: so many important stories about, you know, from Afghanistan to Russia. 604 00:34:31,719 --> 00:34:34,520 Speaker 1: And one of the things we're hearing in the last 605 00:34:34,640 --> 00:34:38,440 Speaker 1: eight hours is that the Russian opposition leader Alexei Navalny 606 00:34:38,480 --> 00:34:41,439 Speaker 1: has been transferred to a hospital after a three week 607 00:34:41,560 --> 00:34:45,200 Speaker 1: unders hunger strike. UM and of course White House Press 608 00:34:45,200 --> 00:34:49,720 Speaker 1: Secretary Jensaki came out today. UM talked about his condition 609 00:34:49,760 --> 00:34:52,400 Speaker 1: as part of her daily updates. I think we have 610 00:34:52,560 --> 00:34:56,279 Speaker 1: sound on that what happens to Mr Navalny in the 611 00:34:56,360 --> 00:34:59,600 Speaker 1: custody of the Russian government is the responsibility of the 612 00:34:59,640 --> 00:35:02,319 Speaker 1: Russian government and that they will be held accountable by 613 00:35:02,360 --> 00:35:06,319 Speaker 1: the international community. So Representative I wanted to ask you, 614 00:35:06,400 --> 00:35:10,359 Speaker 1: what do you think the administration Congress should do in 615 00:35:10,440 --> 00:35:13,800 Speaker 1: regard to Russia, and particularly in the context of Alexei 616 00:35:13,880 --> 00:35:17,480 Speaker 1: Nvaldi should his health fail. Well, you know, one of 617 00:35:17,520 --> 00:35:20,279 Speaker 1: the things that I've been pushing this administration to do 618 00:35:20,520 --> 00:35:25,200 Speaker 1: is use its uh it's desired reentry into the United 619 00:35:25,280 --> 00:35:28,799 Speaker 1: Nation Human Rights Council to speak out against some of 620 00:35:28,840 --> 00:35:32,680 Speaker 1: these violators. It's it's appalling to me that you had 621 00:35:32,680 --> 00:35:36,440 Speaker 1: the U n. Human Rights Council allow Maduro to speak 622 00:35:36,480 --> 00:35:39,359 Speaker 1: at its opening meeting, who has created so many human 623 00:35:39,480 --> 00:35:42,799 Speaker 1: rights problems in Venezuela. Same thing, the fact that you know, 624 00:35:42,920 --> 00:35:46,680 Speaker 1: China and Russia and uh, you know Cuba have seats 625 00:35:46,680 --> 00:35:49,560 Speaker 1: on this council. I think that's something where the United 626 00:35:49,560 --> 00:35:52,600 Speaker 1: States of America can serve as a leader to speak 627 00:35:52,600 --> 00:35:56,160 Speaker 1: out against human rights violators, particularly those that are sitting 628 00:35:56,239 --> 00:35:59,920 Speaker 1: on this council. So I did urge Secretary blink In 629 00:36:00,000 --> 00:36:02,879 Speaker 1: at a recent meeting where we had the opportunity to 630 00:36:02,920 --> 00:36:05,919 Speaker 1: bring up concerns and ask questions. I did ask them 631 00:36:05,920 --> 00:36:08,200 Speaker 1: to use this as an opportunity because you know, the 632 00:36:08,280 --> 00:36:10,760 Speaker 1: vote will be in October, and this is a perfect 633 00:36:10,800 --> 00:36:13,680 Speaker 1: opportunity to run that sort of campaign that we will 634 00:36:13,760 --> 00:36:17,279 Speaker 1: hold those human rights violators accountable. So I think that that, 635 00:36:17,680 --> 00:36:20,000 Speaker 1: to me, is the most important thing that we should 636 00:36:20,040 --> 00:36:23,000 Speaker 1: be looking to do in the next few months. Congresswoman 637 00:36:23,320 --> 00:36:25,040 Speaker 1: heat On, the U n is always a good thing, 638 00:36:25,120 --> 00:36:27,279 Speaker 1: and and you're right, I mean, the U and Human 639 00:36:27,360 --> 00:36:30,800 Speaker 1: Rights Council has been, you know, UH a really spotty 640 00:36:31,000 --> 00:36:33,799 Speaker 1: record at best. But the Biden administration just laid on 641 00:36:33,920 --> 00:36:36,759 Speaker 1: some sanctions on the Russians last week, and and it 642 00:36:36,800 --> 00:36:41,520 Speaker 1: was much discussed, and obviously the Navalny situation is part 643 00:36:41,600 --> 00:36:44,640 Speaker 1: and parcel of the reason the pressure the Russian government. 644 00:36:44,680 --> 00:36:47,120 Speaker 1: We can do it directly through these sanctions. Were the 645 00:36:47,160 --> 00:36:49,880 Speaker 1: sanctions that the administration laid on tough enough to actually 646 00:36:49,880 --> 00:36:52,840 Speaker 1: get anything out of the Russians? Um, you know, I 647 00:36:52,840 --> 00:36:54,759 Speaker 1: think it's yet to be seen. I think certainly the 648 00:36:54,760 --> 00:36:57,520 Speaker 1: sanctions could be tougher. And I think, as you mentioned 649 00:36:57,560 --> 00:37:00,200 Speaker 1: ear at the very beginning when when the question was 650 00:37:00,560 --> 00:37:03,840 Speaker 1: UH first proposed, I think that we have to engage 651 00:37:03,840 --> 00:37:07,680 Speaker 1: the international community. And that means, you know, those those 652 00:37:07,719 --> 00:37:10,680 Speaker 1: international players who do sit on the Human Rights Council 653 00:37:10,920 --> 00:37:13,920 Speaker 1: who believe like we do, that China is a violator 654 00:37:13,920 --> 00:37:15,960 Speaker 1: of human rights. The Cuba as a violator of human 655 00:37:16,040 --> 00:37:19,120 Speaker 1: rights Venezuela, Russia, and that they are. They have seats 656 00:37:19,120 --> 00:37:20,759 Speaker 1: on this and we should be looking to oust them 657 00:37:20,760 --> 00:37:24,160 Speaker 1: from this committee and hold them accountable. So I think 658 00:37:24,160 --> 00:37:27,759 Speaker 1: that you know, from both the sanctions perspective, engaging with 659 00:37:27,800 --> 00:37:31,200 Speaker 1: our allies and the international community and trying to get 660 00:37:31,200 --> 00:37:34,560 Speaker 1: them to also play sanctions hold them accountable. I think 661 00:37:34,600 --> 00:37:37,560 Speaker 1: that this is something that we need to do collectively 662 00:37:37,880 --> 00:37:41,840 Speaker 1: with UM other members of the community we know see 663 00:37:41,840 --> 00:37:45,480 Speaker 1: eyed eye with us on this issue. Representative Maliatakas want 664 00:37:45,480 --> 00:37:48,239 Speaker 1: to thank you so much for your time today. You 665 00:37:48,320 --> 00:37:50,560 Speaker 1: covered a lot of ground. We're very fortunate to be 666 00:37:50,600 --> 00:37:53,160 Speaker 1: able to talk to you. UM. Thank you so much 667 00:37:53,200 --> 00:37:55,120 Speaker 1: for coming on. And I want to also thank of 668 00:37:55,160 --> 00:38:00,600 Speaker 1: course Michael Gordon, Democratic strategist and Rick Davis Bloomberg, political contributor, 669 00:38:00,680 --> 00:38:04,000 Speaker 1: partner at Stone Court Capital and former campaign manager for 670 00:38:04,120 --> 00:38:07,759 Speaker 1: John McCain's two thousand and eight presidential campaign. I am 671 00:38:07,840 --> 00:38:17,040 Speaker 1: Jeannie Shanzano and this is Bloomberg. Ye