1 00:00:02,600 --> 00:00:06,840 Speaker 1: Live from our nation's capital. This is Bloomberg sound On 2 00:00:08,160 --> 00:00:12,200 Speaker 1: talking about a huge issue here is investment in marginalized communities. 3 00:00:12,440 --> 00:00:15,440 Speaker 1: They want to deconstruct this package and cherry pick what 4 00:00:15,520 --> 00:00:18,800 Speaker 1: they like what they don't like. China is surgeon powered 5 00:00:18,840 --> 00:00:23,960 Speaker 1: with major investments. Bloomberg sound On the insiders, the influencers, 6 00:00:24,000 --> 00:00:27,840 Speaker 1: the insides. Siding has commented again and again he will 7 00:00:28,000 --> 00:00:31,720 Speaker 1: unite the country. Who the big fiden has to watch 8 00:00:31,760 --> 00:00:35,680 Speaker 1: in terms of moderate defectors infor the structure has always 9 00:00:35,760 --> 00:00:40,080 Speaker 1: been by part of Bloomberg sound On on Bloomberg Radio, 10 00:00:42,159 --> 00:00:46,680 Speaker 1: Hi and Jeannie Chanzano. And four months after the insurrection 11 00:00:46,680 --> 00:00:49,720 Speaker 1: on the Capitol, we learned today Senate Minority Leader mcconnellist 12 00:00:49,800 --> 00:00:53,800 Speaker 1: joining Kevin McCarty and opposing the Bipartisan Commission that the 13 00:00:53,840 --> 00:00:56,880 Speaker 1: House voted on and is voting on. Today we'll talk 14 00:00:56,920 --> 00:01:00,160 Speaker 1: about that, the violence and Gaza, and we'll also year 15 00:01:00,240 --> 00:01:03,960 Speaker 1: from former Pennsylvania Governor Mark Schweiker, and I am Janie 16 00:01:04,040 --> 00:01:06,920 Speaker 1: Schanzano and coming up on the show today, I'm going 17 00:01:06,959 --> 00:01:10,280 Speaker 1: to be joined on the panel by Lester Munson, principal 18 00:01:10,440 --> 00:01:14,920 Speaker 1: at the b GR Group and Mark Schweiker, former Governor 19 00:01:14,959 --> 00:01:18,760 Speaker 1: of Pennsylvania. So excited to speak with both of them. 20 00:01:18,800 --> 00:01:22,880 Speaker 1: And yesterday as we saw President Biden at the Forward 21 00:01:22,959 --> 00:01:27,280 Speaker 1: Facility in Michigan making the case for electric vehicles in 22 00:01:27,400 --> 00:01:31,039 Speaker 1: pushing his infrastructure bill. He even took a test drive 23 00:01:31,120 --> 00:01:34,319 Speaker 1: of Ford's new all electric F one fifty that's being 24 00:01:34,440 --> 00:01:38,039 Speaker 1: unveiled tonight. Very excited about that. But while the President 25 00:01:38,120 --> 00:01:41,039 Speaker 1: was in Michigan, we thought we were going to get 26 00:01:41,040 --> 00:01:44,320 Speaker 1: a sneak peek into what the Republican moderates were going 27 00:01:44,360 --> 00:01:47,840 Speaker 1: to be proposing by way of their counter proposal to 28 00:01:47,880 --> 00:01:52,400 Speaker 1: the President's massive infrastructure bill. We did not get much 29 00:01:52,440 --> 00:01:55,240 Speaker 1: information on that. We didn't get a good sense as 30 00:01:55,240 --> 00:01:58,200 Speaker 1: to how high they're willing link to go. But earlier 31 00:01:58,240 --> 00:02:01,760 Speaker 1: today my colleague Dave that Weston did get something of 32 00:02:01,800 --> 00:02:04,960 Speaker 1: a sneak peak because he spoke exclusively to Republican from 33 00:02:04,960 --> 00:02:09,919 Speaker 1: West Virginia Senator Shelley Moore Capital Capital about her role 34 00:02:10,000 --> 00:02:13,120 Speaker 1: as the top GOP negotiator with the White House on 35 00:02:13,200 --> 00:02:17,920 Speaker 1: this bipartisan approach to infrastructure. Senator Capital told David that 36 00:02:17,960 --> 00:02:20,160 Speaker 1: the next two weeks are going to be critical to 37 00:02:20,240 --> 00:02:23,120 Speaker 1: determining whether there'll be a deal with the White House. 38 00:02:23,120 --> 00:02:26,880 Speaker 1: And Republicans. We have sound on that. We did have 39 00:02:26,960 --> 00:02:29,560 Speaker 1: a meeting in my office with the White House officials 40 00:02:30,040 --> 00:02:33,960 Speaker 1: yesterday where we the six of US senators came forward 41 00:02:34,000 --> 00:02:37,640 Speaker 1: with a repurposing of our original proposal, so whether you 42 00:02:37,680 --> 00:02:40,640 Speaker 1: want to call that a counter proposal or not, where 43 00:02:40,639 --> 00:02:43,239 Speaker 1: we could again look at definition ly where we believe 44 00:02:43,280 --> 00:02:46,720 Speaker 1: infrastructure is and then where those numbers would line out 45 00:02:46,720 --> 00:02:49,080 Speaker 1: over a certain period of time. And the White House 46 00:02:49,080 --> 00:02:51,639 Speaker 1: said that they would get back to us this week. Uh, 47 00:02:51,680 --> 00:02:55,880 Speaker 1: so we're waiting for that, hopefully Thursday or Friday, so 48 00:02:56,080 --> 00:02:58,400 Speaker 1: we can keep this process moving. I think we're all 49 00:02:58,400 --> 00:03:01,960 Speaker 1: dedicated to finding an end result here. We're still you know, 50 00:03:02,400 --> 00:03:04,720 Speaker 1: we still have differences and and so we need to 51 00:03:04,760 --> 00:03:07,680 Speaker 1: work through those. I wonder how if at all the 52 00:03:07,680 --> 00:03:10,720 Speaker 1: two sides are moving toward one another. Your original proposals, 53 00:03:10,760 --> 00:03:13,360 Speaker 1: I recall was just under six hundred billion dollars total. 54 00:03:13,440 --> 00:03:16,120 Speaker 1: Put it all together, and then we heard Mitch McConnell, 55 00:03:16,240 --> 00:03:17,840 Speaker 1: Minority of leader in the Senate say, well, maybe we 56 00:03:17,840 --> 00:03:20,160 Speaker 1: go to eight. We now heard Lindsay Gram maybe nine 57 00:03:20,600 --> 00:03:23,320 Speaker 1: billion dollars. Where are you right now? Are you still 58 00:03:23,400 --> 00:03:27,519 Speaker 1: under six billion? Where can you get to? Well, I'm 59 00:03:27,560 --> 00:03:30,240 Speaker 1: not sure where we The best way to look at 60 00:03:30,280 --> 00:03:32,040 Speaker 1: it is what do we need, and then we try 61 00:03:32,080 --> 00:03:34,360 Speaker 1: to figure out what that is going to cost and 62 00:03:34,400 --> 00:03:36,600 Speaker 1: how we pay for it. And that's the approach that 63 00:03:36,640 --> 00:03:40,240 Speaker 1: we've taken. Let's look at the essential infrastructure items roads 64 00:03:40,240 --> 00:03:46,760 Speaker 1: and bridges, waterways, airports, rail, UH and UH infrastruar and broadband. 65 00:03:47,080 --> 00:03:51,360 Speaker 1: Let's put together a robust pop UH package and let's 66 00:03:51,400 --> 00:03:53,920 Speaker 1: move it. Move the numbers where we need to do that. 67 00:03:54,080 --> 00:03:56,600 Speaker 1: We're in the process of doing that. Obviously, the President 68 00:03:57,000 --> 00:04:01,200 Speaker 1: is very committed to electric vehicle UM infrastructure, so that's 69 00:04:01,240 --> 00:04:03,560 Speaker 1: another an area that we need to look at, I think, 70 00:04:03,840 --> 00:04:07,160 Speaker 1: in order to satisfy him. So we're moving UH. And 71 00:04:07,200 --> 00:04:09,400 Speaker 1: obviously we would be moving up because that would be 72 00:04:09,440 --> 00:04:11,800 Speaker 1: moving towards the President's numbers. But you know, I don't 73 00:04:11,800 --> 00:04:14,720 Speaker 1: want to negotiate, you know, in public, simply because I 74 00:04:14,760 --> 00:04:17,120 Speaker 1: think we need to do it as we're in the 75 00:04:17,200 --> 00:04:19,719 Speaker 1: room together. You're certainly welcome to negotiate with me if 76 00:04:19,760 --> 00:04:22,200 Speaker 1: you want, but I'm not surprised that you don't want 77 00:04:22,200 --> 00:04:24,800 Speaker 1: to particularly do that. But but the electric vehicles, that's 78 00:04:24,920 --> 00:04:27,480 Speaker 1: very important because that's something that I recall was not 79 00:04:27,600 --> 00:04:30,080 Speaker 1: in your original proposal that is terribly important to the president. 80 00:04:30,120 --> 00:04:32,640 Speaker 1: As you said, are you indicating there might be might 81 00:04:32,720 --> 00:04:36,120 Speaker 1: be some flexibility there on the Republican side. Well, what 82 00:04:36,160 --> 00:04:38,920 Speaker 1: we're doing here is we're mirroring what's going on in committee. 83 00:04:39,000 --> 00:04:42,080 Speaker 1: I'm the ranking member of EPW. We're doing a surface 84 00:04:42,080 --> 00:04:45,920 Speaker 1: transportation bill. There is electric vehicle infrastructure in that bill, 85 00:04:45,960 --> 00:04:48,480 Speaker 1: as there was last year, the bill that I voted 86 00:04:48,480 --> 00:04:51,960 Speaker 1: for last year that never became law. So our anticipation 87 00:04:52,040 --> 00:04:53,800 Speaker 1: is that this would be a part of this Yes, 88 00:04:53,960 --> 00:04:56,520 Speaker 1: and I think it's an important part. It's just now 89 00:04:56,600 --> 00:04:59,200 Speaker 1: measuring how important you want it to be and what 90 00:04:59,240 --> 00:05:00,839 Speaker 1: are we looking for the future. I don't want to 91 00:05:00,880 --> 00:05:04,599 Speaker 1: incentivize UM. I don't want to have go into a 92 00:05:04,600 --> 00:05:08,880 Speaker 1: space where private investment can really uh fill this space, 93 00:05:08,880 --> 00:05:11,760 Speaker 1: which is I think what happens with ev infrastructure. So 94 00:05:11,839 --> 00:05:14,120 Speaker 1: let's figure out a way that government can jump started 95 00:05:14,400 --> 00:05:16,680 Speaker 1: and then let that private investment go because there's gonna 96 00:05:16,680 --> 00:05:19,159 Speaker 1: be money made here on that. So West Virginia clearly 97 00:05:19,160 --> 00:05:21,719 Speaker 1: is an important energy state. How does that work for 98 00:05:21,720 --> 00:05:24,080 Speaker 1: the state of West Virginia at this point? Is your 99 00:05:24,080 --> 00:05:28,120 Speaker 1: economy prepared to deal with electric vehicle future? Well, I 100 00:05:28,120 --> 00:05:30,760 Speaker 1: think I probably represent one of the states where electric 101 00:05:30,839 --> 00:05:33,479 Speaker 1: vehicles will probably pose a bit of a challenge. We 102 00:05:33,520 --> 00:05:35,479 Speaker 1: have a very mountainous terrain, we have a lot of 103 00:05:35,520 --> 00:05:39,280 Speaker 1: windy roads, so getting the infrastructure into our particular state 104 00:05:39,360 --> 00:05:42,279 Speaker 1: is going to be a particular challenge. Um. I think 105 00:05:42,279 --> 00:05:44,320 Speaker 1: that we will move to electric vehicles. I just heard 106 00:05:44,320 --> 00:05:46,560 Speaker 1: a news report this morning about a small town that's 107 00:05:46,560 --> 00:05:50,760 Speaker 1: gonna have a e v Um cruiser, and they're all 108 00:05:50,800 --> 00:05:53,279 Speaker 1: excited about it. But we already have some of the 109 00:05:53,320 --> 00:05:57,960 Speaker 1: infrastructure in place at certain certain stops, mostly along the interstate, 110 00:05:58,040 --> 00:06:00,919 Speaker 1: so we're going to fill in those gaps for sure. Uh. Senator. 111 00:06:01,000 --> 00:06:03,159 Speaker 1: Let's talk about how you might finance whatever the number 112 00:06:03,240 --> 00:06:05,120 Speaker 1: is it's six hundred eight hundred nine or whatever the 113 00:06:05,160 --> 00:06:07,919 Speaker 1: number is, how you finance it. What is the potential 114 00:06:08,000 --> 00:06:10,520 Speaker 1: role for public private partnerships, and particularly what about an 115 00:06:10,560 --> 00:06:12,880 Speaker 1: infrastructure bank? Is the White House open to that as 116 00:06:13,120 --> 00:06:15,960 Speaker 1: a way of financing some of this. We spend a 117 00:06:16,000 --> 00:06:19,240 Speaker 1: lot of time talking about how we can get private 118 00:06:19,279 --> 00:06:22,760 Speaker 1: investment into this infrastructure space, and I think that's critical, 119 00:06:22,800 --> 00:06:27,360 Speaker 1: whether it's private, uh, public private partnerships, but we are 120 00:06:27,440 --> 00:06:30,960 Speaker 1: looking at some kind of financing Authority Revolving fun Infrastructure 121 00:06:31,000 --> 00:06:33,359 Speaker 1: Bank to be able to give us the longelity and 122 00:06:33,600 --> 00:06:36,200 Speaker 1: to fill the gap that we have from the gasoline 123 00:06:36,200 --> 00:06:39,440 Speaker 1: tax because that's a declining resource. That's still about a 124 00:06:39,480 --> 00:06:43,800 Speaker 1: three hundred billion dollar UM over five years resource for us, 125 00:06:44,160 --> 00:06:46,080 Speaker 1: but as we know that's going to go down, we've 126 00:06:46,080 --> 00:06:48,039 Speaker 1: got to get something to fill the gap. We're gonna 127 00:06:48,040 --> 00:06:52,160 Speaker 1: look at e v um electric vehicle users. They're not 128 00:06:52,200 --> 00:06:54,080 Speaker 1: paying into the road fund. We need to figure out 129 00:06:54,080 --> 00:06:56,359 Speaker 1: a way to have them help us with the maintenance 130 00:06:56,400 --> 00:06:58,679 Speaker 1: of the roads that they use. We're looking at vehicle 131 00:06:58,720 --> 00:07:02,039 Speaker 1: miles traveled. I think that's an another possibility maybe for 132 00:07:02,160 --> 00:07:05,920 Speaker 1: some truck fleets or larger fleets of that nature who 133 00:07:05,960 --> 00:07:09,400 Speaker 1: they already have the the the chips installed, they can 134 00:07:09,440 --> 00:07:11,520 Speaker 1: they can do that quite easily. So I think there's 135 00:07:11,560 --> 00:07:13,880 Speaker 1: a lot we can do on that space on users. 136 00:07:14,080 --> 00:07:18,000 Speaker 1: But I do think that this um private investment that 137 00:07:18,040 --> 00:07:21,080 Speaker 1: we can put into our infrastructure development is critical, and 138 00:07:21,120 --> 00:07:22,920 Speaker 1: we're working on that with the White House. Yes, I 139 00:07:22,960 --> 00:07:25,400 Speaker 1: think we're both like minded there. Well, that's that's really 140 00:07:25,400 --> 00:07:27,960 Speaker 1: my point exactly. And I understand no deal is done 141 00:07:28,040 --> 00:07:29,720 Speaker 1: until the entire deal is done, so you can't have 142 00:07:29,760 --> 00:07:31,880 Speaker 1: part of it done, but right now, as you look 143 00:07:31,920 --> 00:07:33,640 Speaker 1: at it, it it sounds like there might be, as you say, 144 00:07:33,680 --> 00:07:35,720 Speaker 1: some common ground there. We might be able to expect 145 00:07:35,720 --> 00:07:38,800 Speaker 1: something like an infrastructure bank or private public partnerships as 146 00:07:38,800 --> 00:07:41,720 Speaker 1: well as the as the tax substitute for gasoline tax 147 00:07:41,760 --> 00:07:44,600 Speaker 1: on vehicle miles travel. That's something you think there might 148 00:07:44,680 --> 00:07:47,920 Speaker 1: be common ground done. Well, we definitely want to pay 149 00:07:47,960 --> 00:07:50,360 Speaker 1: for it, and I think there's all kinds of different 150 00:07:50,360 --> 00:07:53,120 Speaker 1: ways that we're looking at, certainly repurposing some of the 151 00:07:53,160 --> 00:07:56,200 Speaker 1: COVID dollars. I've been looking at those twenty one states 152 00:07:56,200 --> 00:07:59,240 Speaker 1: that are no longer paying the enhanced unemployment Why don't 153 00:07:59,240 --> 00:08:01,720 Speaker 1: we repurpose that dollars to help those folks coming off 154 00:08:01,760 --> 00:08:04,880 Speaker 1: of unemployment to get work in infrastructure package. It sounds 155 00:08:04,920 --> 00:08:09,000 Speaker 1: like a good win win situation for those dollars. So 156 00:08:09,080 --> 00:08:11,840 Speaker 1: I think we're looking at that as another way to 157 00:08:11,920 --> 00:08:14,760 Speaker 1: um fill the coffers to pay for infrastructure. But this 158 00:08:14,840 --> 00:08:17,520 Speaker 1: is really important to the country. It's important to jobs, 159 00:08:17,760 --> 00:08:20,000 Speaker 1: and you know, nothing's off the table, I don't think 160 00:08:20,160 --> 00:08:23,240 Speaker 1: right now, but we're trying to reach decision, but we 161 00:08:23,320 --> 00:08:24,760 Speaker 1: got to figure out what we want, how much it 162 00:08:24,800 --> 00:08:27,320 Speaker 1: cost before we really get granular on the pay for US. 163 00:08:28,000 --> 00:08:30,679 Speaker 1: Just to give maybe a little more grantinger than you'd 164 00:08:30,680 --> 00:08:32,439 Speaker 1: like on the pay for is. I talked to Senator 165 00:08:32,520 --> 00:08:35,400 Speaker 1: Pat two, of your colleague recently, and he really emphasized 166 00:08:35,440 --> 00:08:37,640 Speaker 1: the repurposing, if I can put it that way, of 167 00:08:37,640 --> 00:08:40,480 Speaker 1: money already appropriated. He thinks there's hundreds of billions of 168 00:08:40,480 --> 00:08:42,480 Speaker 1: dollars there is the why not at least open to 169 00:08:42,520 --> 00:08:44,439 Speaker 1: that possibility of taking some of the money that's already 170 00:08:44,440 --> 00:08:47,559 Speaker 1: been appropriated putting it into infrastructure. You know, I think 171 00:08:47,559 --> 00:08:50,520 Speaker 1: you'd probably have to better ask the White House that question. 172 00:08:51,120 --> 00:08:53,120 Speaker 1: As I said, nothing has been taken off the table 173 00:08:53,160 --> 00:08:56,320 Speaker 1: they listened to. We talked about that yesterday. UM, and 174 00:08:56,480 --> 00:08:59,320 Speaker 1: so I don't think our expectations that they would swallow that, 175 00:08:59,720 --> 00:09:02,200 Speaker 1: you know entirely. But there may be areas we can 176 00:09:02,240 --> 00:09:06,520 Speaker 1: work together, but that one still to be determined. So 177 00:09:06,600 --> 00:09:08,679 Speaker 1: center you are in the room, you are the point 178 00:09:08,679 --> 00:09:11,679 Speaker 1: personal Republican side at this point. Let me get your sense, 179 00:09:11,760 --> 00:09:13,760 Speaker 1: just a general sense. I won't hold you to this. 180 00:09:14,080 --> 00:09:16,760 Speaker 1: If you were gonna estimate what the likeli is, we 181 00:09:16,800 --> 00:09:19,120 Speaker 1: will get some form of biperson a group. Where were 182 00:09:19,200 --> 00:09:22,640 Speaker 1: you about the odds right now? Is it fifty fifty? 183 00:09:22,640 --> 00:09:24,360 Speaker 1: Where do you think it is? Given where we are? 184 00:09:25,440 --> 00:09:27,840 Speaker 1: You know, I think I'm I'm always a little bit 185 00:09:27,880 --> 00:09:30,320 Speaker 1: of a too much of an optimist at times, but 186 00:09:30,320 --> 00:09:33,240 Speaker 1: I'm putting it over fifty. I do think we have 187 00:09:33,360 --> 00:09:36,080 Speaker 1: gaps here, and but we do have the will to 188 00:09:36,200 --> 00:09:39,040 Speaker 1: want to do this, and so this is where I 189 00:09:39,040 --> 00:09:41,960 Speaker 1: think the real value is. So, you know, I put 190 00:09:42,040 --> 00:09:44,640 Speaker 1: us I don't know a little bit over being able 191 00:09:44,640 --> 00:09:46,560 Speaker 1: to do it, but it's gonna have to come together quickly. 192 00:09:46,920 --> 00:09:50,319 Speaker 1: The President doesn't want to wait. I don't blame him there, 193 00:09:50,559 --> 00:09:52,880 Speaker 1: and so I think the next two weeks will probably 194 00:09:52,920 --> 00:09:55,760 Speaker 1: be the critical time time spot. Well, and that is 195 00:09:55,800 --> 00:09:58,240 Speaker 1: the question about the timing, because as you said, there's 196 00:09:58,240 --> 00:10:00,880 Speaker 1: a lot of impetus to move fairly quickly. There was 197 00:10:00,920 --> 00:10:03,760 Speaker 1: talking about having an agreement in principle, not a legislation done, 198 00:10:03,760 --> 00:10:06,560 Speaker 1: but agreement principle by Memorial Day. Do you think that's 199 00:10:06,600 --> 00:10:10,480 Speaker 1: realistic at this point? We're we're working towards that. I 200 00:10:10,480 --> 00:10:12,840 Speaker 1: think it's important to note as well that our committees 201 00:10:12,840 --> 00:10:16,160 Speaker 1: are working. Uh we've already passed the water part of 202 00:10:16,160 --> 00:10:18,880 Speaker 1: this infrastructure package out of our committee and actually out 203 00:10:18,880 --> 00:10:23,040 Speaker 1: of the Senate floor. UM, my Committee EPW with Chairman Carper, 204 00:10:23,080 --> 00:10:25,760 Speaker 1: we're working towards surface transportation, which is really the anchor 205 00:10:25,880 --> 00:10:28,920 Speaker 1: part of this infrastructure, but also over on commerce, they're 206 00:10:28,920 --> 00:10:32,280 Speaker 1: working on broadband and safety and and and other parts 207 00:10:32,360 --> 00:10:35,760 Speaker 1: of the program through regular order in our committees, which 208 00:10:35,800 --> 00:10:38,000 Speaker 1: I think is significant because if we get the buying 209 00:10:38,040 --> 00:10:40,600 Speaker 1: at the committee level, we can definitely get it, you know, 210 00:10:40,679 --> 00:10:43,920 Speaker 1: onto the floor. So we're hopeful we'll have much more 211 00:10:43,920 --> 00:10:46,640 Speaker 1: clarity by Memorial Day. So if you get clarity, and 212 00:10:46,679 --> 00:10:50,120 Speaker 1: it's positive clarity, is it realistic to expect legislation by 213 00:10:50,200 --> 00:10:54,839 Speaker 1: July four? I you know, that probably is going to 214 00:10:54,920 --> 00:10:57,800 Speaker 1: go about my pay grade at some point. But um, 215 00:10:57,840 --> 00:10:59,880 Speaker 1: you know, i've heard that as sort of a stop 216 00:11:00,120 --> 00:11:05,040 Speaker 1: a stop date of July fourth date. Um. Sometimes having good, hard, 217 00:11:05,080 --> 00:11:09,400 Speaker 1: solid deadlines pushes us quicker and more aggressively. So I mean, 218 00:11:09,440 --> 00:11:11,839 Speaker 1: I don't think that's totally unrealistic, but right now, it's 219 00:11:11,840 --> 00:11:14,280 Speaker 1: hard for me to see July four as an end date. 220 00:11:15,559 --> 00:11:19,400 Speaker 1: That was Senator Shelley Moore, Capital Republican of West Virginia, 221 00:11:19,720 --> 00:11:24,200 Speaker 1: speaking exclusively with Bloomberg's David Weston and making some news 222 00:11:24,600 --> 00:11:27,160 Speaker 1: She put the odds of getting a deal at over 223 00:11:27,400 --> 00:11:32,000 Speaker 1: fifty fifty and said the counter might include electric vehicles 224 00:11:32,040 --> 00:11:35,040 Speaker 1: amongst other things coming up. We're going to speak with 225 00:11:35,200 --> 00:11:39,520 Speaker 1: Lester months In principle of b GR Group about that 226 00:11:39,760 --> 00:11:43,240 Speaker 1: and much more as it pertains to our competitiveness with 227 00:11:43,440 --> 00:11:48,079 Speaker 1: China infrastructure and when we might see a deal. I'm 228 00:11:48,120 --> 00:12:04,680 Speaker 1: Jeanie Schanzano and this is Bloomberg. This is Bloomberg sound 229 00:12:04,760 --> 00:12:10,760 Speaker 1: On on Bloomberg Radio, and I am Jenie schanzay No 230 00:12:11,080 --> 00:12:14,880 Speaker 1: here along with Lester Munson, principle of the b g 231 00:12:15,280 --> 00:12:18,800 Speaker 1: R Group. And Lester it is always great to talk 232 00:12:18,840 --> 00:12:22,520 Speaker 1: to you, and so important today because of course so 233 00:12:22,679 --> 00:12:25,240 Speaker 1: much news going on about things that I know you 234 00:12:25,440 --> 00:12:28,480 Speaker 1: follow so carefully. But before we do that, can I 235 00:12:28,559 --> 00:12:31,920 Speaker 1: just get you to react to David Weston's interview with 236 00:12:32,000 --> 00:12:35,320 Speaker 1: Shelley Moore Capital, because I thought she made some real 237 00:12:35,400 --> 00:12:40,240 Speaker 1: news there on what we might expect from this counter proposal. Yeah, thanks, Jennie. 238 00:12:40,320 --> 00:12:43,959 Speaker 1: I I love that interview. I loved hearing from Senior Capital. 239 00:12:44,120 --> 00:12:49,520 Speaker 1: She's pragmatic, she's thinking about things that matter to Americans 240 00:12:49,559 --> 00:12:53,960 Speaker 1: and voters and taxpayers, and she's got some pretty sensible 241 00:12:54,000 --> 00:12:57,559 Speaker 1: ideas about what's good public policy, what should be left 242 00:12:57,600 --> 00:13:00,080 Speaker 1: to the private sector. There was not a lot of 243 00:13:00,200 --> 00:13:03,920 Speaker 1: ideological craziness with her. It's a it is very refreshing 244 00:13:04,240 --> 00:13:07,800 Speaker 1: to something like that. Yeah, I agree with you, and 245 00:13:08,160 --> 00:13:10,600 Speaker 1: I thought it was you know, I was, you know, 246 00:13:10,640 --> 00:13:13,400 Speaker 1: particularly pleased to hear her. And David pushed her on 247 00:13:13,440 --> 00:13:15,600 Speaker 1: this putting the odds, which is always hard to do. 248 00:13:15,600 --> 00:13:18,960 Speaker 1: What she said is about fifty percent maybe more that 249 00:13:19,080 --> 00:13:22,080 Speaker 1: we see a deal. But but Lester, I wanted to 250 00:13:22,120 --> 00:13:25,160 Speaker 1: see if you could sort of walk us through this 251 00:13:25,280 --> 00:13:29,400 Speaker 1: Senate so called China Bill to add fifty two billion 252 00:13:29,480 --> 00:13:34,000 Speaker 1: dollars for US chip making. It's something that Bloomberg has 253 00:13:34,000 --> 00:13:37,720 Speaker 1: been covering a lot. Yesterday, Chuck Schumer called it a 254 00:13:37,840 --> 00:13:41,880 Speaker 1: historic and immediate infusion of federal money to restore US 255 00:13:41,960 --> 00:13:46,080 Speaker 1: manufacturing of semiconductors that are crucial as we speak about 256 00:13:46,120 --> 00:13:51,080 Speaker 1: automobile manufacturing to automobile and electronics industries as well as 257 00:13:51,120 --> 00:13:53,680 Speaker 1: the military. So could you tell us a little bit 258 00:13:53,720 --> 00:13:57,880 Speaker 1: about the bill and your thoughts on it. Sure, I 259 00:13:58,160 --> 00:14:01,120 Speaker 1: think it's a it's a really important piece of legislation. 260 00:14:01,720 --> 00:14:04,000 Speaker 1: By the way, it may end up getting merged with 261 00:14:04,160 --> 00:14:08,640 Speaker 1: some kind of compromise on infrastructure issues. So it's possible that, 262 00:14:08,679 --> 00:14:10,960 Speaker 1: you know, what Sunder Capita was talking about, what we're 263 00:14:10,960 --> 00:14:14,440 Speaker 1: talking about now end up being the same big kind 264 00:14:14,440 --> 00:14:17,720 Speaker 1: of investment bill from Congress, which would be very interesting. 265 00:14:17,760 --> 00:14:20,840 Speaker 1: I think it's a it's a terrific The question about 266 00:14:21,120 --> 00:14:25,680 Speaker 1: supporting key industries because of the challenge from China is 267 00:14:25,760 --> 00:14:30,360 Speaker 1: very much a bipartisan concern, and the Trump administration, uh, 268 00:14:30,400 --> 00:14:33,239 Speaker 1: it took more of a punitive approach where the administration 269 00:14:33,320 --> 00:14:38,480 Speaker 1: was looking to sanction certain Chinese industries imposing terroiffs. The 270 00:14:38,520 --> 00:14:41,640 Speaker 1: Biden administration and Czeck Schumer that said, why don't we 271 00:14:41,640 --> 00:14:46,520 Speaker 1: think about a more positive approach supporting American industries that 272 00:14:46,600 --> 00:14:49,480 Speaker 1: are challenged by they are competing with Chinese companies. So 273 00:14:49,480 --> 00:14:51,920 Speaker 1: they've got this bill on the floor this weekend next week. 274 00:14:52,440 --> 00:14:55,760 Speaker 1: It's not just one committee's bill, it's a handful of committees. 275 00:14:56,280 --> 00:14:59,680 Speaker 1: People here inside the Beltway know what that means. There's 276 00:14:59,680 --> 00:15:02,200 Speaker 1: a lot of politics, there's a lot of trade offs, 277 00:15:03,040 --> 00:15:05,920 Speaker 1: there's a lot of compromises going on. That's legislating at 278 00:15:05,920 --> 00:15:08,880 Speaker 1: its finest. Uh. This is when when you usually use 279 00:15:08,960 --> 00:15:11,640 Speaker 1: the metaphor you know that you might like sausage. But 280 00:15:11,680 --> 00:15:14,440 Speaker 1: that doesn't mean you want to watch them make it. Uh. 281 00:15:14,480 --> 00:15:17,160 Speaker 1: That's that's going on in the Senate right now. There's 282 00:15:17,440 --> 00:15:20,160 Speaker 1: a lot of members focused on their different provisions in 283 00:15:20,200 --> 00:15:23,040 Speaker 1: this bill. It's gonna turn into a Christmas tree or 284 00:15:23,080 --> 00:15:25,040 Speaker 1: a runaway train. There's gonna be a lot of stuff 285 00:15:25,080 --> 00:15:28,680 Speaker 1: put on this. We'll see if it can maintain momentum 286 00:15:28,720 --> 00:15:31,280 Speaker 1: with all that on it in a bipartisan way, get 287 00:15:31,280 --> 00:15:35,120 Speaker 1: to the House, survive maybe a little more ideological treatment 288 00:15:35,240 --> 00:15:37,920 Speaker 1: from DEM's in the House, and then come up with 289 00:15:38,000 --> 00:15:40,160 Speaker 1: something that would be passable in the Senate. Again, I 290 00:15:40,200 --> 00:15:42,200 Speaker 1: think it's there's a long road for this China Bill 291 00:15:42,280 --> 00:15:45,720 Speaker 1: to go, but it but it looks good right now. 292 00:15:45,800 --> 00:15:48,960 Speaker 1: Sandra Schumer has opened it up for Republicans where a 293 00:15:49,000 --> 00:15:52,040 Speaker 1: lot of Republicans are playing along, not necessarily all of them, 294 00:15:52,120 --> 00:15:53,720 Speaker 1: but so far it looks like we may we may 295 00:15:53,760 --> 00:15:57,440 Speaker 1: have a real constructive piece of legislation. Yeah, and this 296 00:15:57,480 --> 00:16:01,680 Speaker 1: so called Schumer Young Bill, which includes I understand even 297 00:16:01,720 --> 00:16:04,920 Speaker 1: more than a hundred billion dollars over five years for 298 00:16:05,160 --> 00:16:10,480 Speaker 1: research and development, innovative technology manufacturing UM, something that you 299 00:16:10,520 --> 00:16:14,640 Speaker 1: know I personally and and you know very supportive of 300 00:16:14,680 --> 00:16:18,400 Speaker 1: as it pertains to colleges, universities, and other institutions within 301 00:16:18,480 --> 00:16:22,240 Speaker 1: the context of the National Science Foundation to focus on technology. 302 00:16:22,280 --> 00:16:26,400 Speaker 1: But from a political perspective, and you just raised this um, 303 00:16:26,520 --> 00:16:29,120 Speaker 1: many people are suggesting that while there seems to be 304 00:16:29,160 --> 00:16:32,840 Speaker 1: bipartisan support more or less in the Senate, the path 305 00:16:32,960 --> 00:16:35,680 Speaker 1: of the bill in the House is less certain. Can 306 00:16:35,720 --> 00:16:38,240 Speaker 1: you talk a little bit about what changes we may 307 00:16:38,280 --> 00:16:40,520 Speaker 1: see in the House and why it is, you know, 308 00:16:40,760 --> 00:16:45,480 Speaker 1: not as widely supported potentially there. Well, it's a it's 309 00:16:45,520 --> 00:16:49,480 Speaker 1: a great question. You know, the House, the Democrats of 310 00:16:49,560 --> 00:16:52,720 Speaker 1: a very narrow majority in the House. It's about ten 311 00:16:52,840 --> 00:16:56,160 Speaker 1: or twelve votes, about five or succeeds. It's just it's 312 00:16:56,200 --> 00:16:59,000 Speaker 1: as narrow a margin as we've ever seen in that 313 00:16:59,160 --> 00:17:02,640 Speaker 1: in that body. Uh So they're they're really, uh kind 314 00:17:02,640 --> 00:17:07,560 Speaker 1: of walking a very tight line here. The Democrats and 315 00:17:07,680 --> 00:17:10,679 Speaker 1: leadership have a dilemma. How do they keep their left flank, 316 00:17:10,920 --> 00:17:15,080 Speaker 1: the progressives on board with a plan that won't eventually 317 00:17:15,119 --> 00:17:18,679 Speaker 1: alienate Republican senators because you're gonna need two parties at 318 00:17:18,720 --> 00:17:21,119 Speaker 1: least in the Senate. The way the Senate works, you 319 00:17:21,119 --> 00:17:23,520 Speaker 1: need sixty votes to pass something like this. That means 320 00:17:23,560 --> 00:17:26,440 Speaker 1: at least ten Republicans are coming along. So while you 321 00:17:26,480 --> 00:17:28,639 Speaker 1: can get through the House with just Democratic votes, if 322 00:17:28,640 --> 00:17:31,840 Speaker 1: the House changes it far enough to the left, then 323 00:17:31,880 --> 00:17:34,360 Speaker 1: Republicans in the Senate may balk and say, hey, we're 324 00:17:34,359 --> 00:17:36,479 Speaker 1: not we didn't sign up for this. So if it 325 00:17:36,520 --> 00:17:42,959 Speaker 1: turns into a a vehicle for the priorities of progressive Democrats, 326 00:17:42,960 --> 00:17:45,320 Speaker 1: whether that's you know, a little too much of a 327 00:17:45,440 --> 00:17:50,080 Speaker 1: tilt towards climate change issues, too much of a tilt 328 00:17:50,200 --> 00:17:54,320 Speaker 1: towards uh, you know, perhaps racial justice or gender issues 329 00:17:54,359 --> 00:17:57,800 Speaker 1: instead of a focus on competing with China, then you're 330 00:17:57,960 --> 00:18:00,960 Speaker 1: the new risk losing that by part of an agreement masside. 331 00:18:01,000 --> 00:18:04,240 Speaker 1: So the so the House Democrats leadership in particular is 332 00:18:04,280 --> 00:18:06,680 Speaker 1: going to have a real dilemma here. They know this. 333 00:18:06,840 --> 00:18:09,119 Speaker 1: They want this bill to go through, they need to 334 00:18:09,200 --> 00:18:11,960 Speaker 1: keep their left blank with them. But the left blank 335 00:18:12,040 --> 00:18:15,280 Speaker 1: made the man block. Yeah, ah, the sausage making, Lester, 336 00:18:15,440 --> 00:18:18,280 Speaker 1: you explained it perfectly. Lester and I are going to 337 00:18:18,400 --> 00:18:22,240 Speaker 1: be speaking with Mark Schweicher, the former governor of Pennsylvania, 338 00:18:22,640 --> 00:18:27,000 Speaker 1: about this and much more. I'm Genie Schanzano, and this 339 00:18:27,160 --> 00:18:40,439 Speaker 1: is Bloomberg broadcasting live from our nation's capital. Bloomberg to 340 00:18:40,560 --> 00:18:45,000 Speaker 1: New York, Bloomberg eleven, Frio to San Francisco, Bloomberg nine 341 00:18:45,200 --> 00:18:49,720 Speaker 1: six to the country, Sirius XM Channel one, and around 342 00:18:49,800 --> 00:18:54,040 Speaker 1: the globe, the Bloomberg Business app and Bloomberg Radio dot Com. 343 00:18:54,119 --> 00:19:00,119 Speaker 1: This is Bloomberg's sound on. I am Genie Schanzano and 344 00:19:00,200 --> 00:19:04,160 Speaker 1: coming up, we speak with former Pennsylvania Governor Mark Schweiker 345 00:19:04,200 --> 00:19:07,800 Speaker 1: about his recent editorial calling for the Biden administration that 346 00:19:07,960 --> 00:19:11,479 Speaker 1: finally put the masterminds of nine eleven on trial. And 347 00:19:11,560 --> 00:19:14,879 Speaker 1: I am here along with Lester Munson, principal at the 348 00:19:14,960 --> 00:19:19,400 Speaker 1: b GR Group, and really pleased to welcome former Governor 349 00:19:19,600 --> 00:19:24,520 Speaker 1: of Pennsylvania Mark Schweiker, who has also senior vice president 350 00:19:24,600 --> 00:19:28,159 Speaker 1: at Red Matrix, Inc. And I'm sure you both heard 351 00:19:28,280 --> 00:19:32,720 Speaker 1: that today Senator Senate Minority Leader Mitch McConnell became the 352 00:19:32,800 --> 00:19:37,080 Speaker 1: latest member of Republican leadership to oppose the formation of 353 00:19:37,080 --> 00:19:40,840 Speaker 1: a Congressional commission that would look into the events surrounding 354 00:19:41,080 --> 00:19:45,800 Speaker 1: the January sixth siege on the Capitol. McConnell today joined 355 00:19:45,840 --> 00:19:49,840 Speaker 1: House Minority of Leader Kevin McCarthy and his opposition, saying 356 00:19:49,880 --> 00:19:53,639 Speaker 1: the commission wouldn't be fair but on the Senate floor today, 357 00:19:53,760 --> 00:19:57,280 Speaker 1: Majority Leader Chuck Schumer said the GOP is playing a 358 00:19:57,400 --> 00:20:01,159 Speaker 1: game of revisionist history in an f to remain loyal 359 00:20:01,280 --> 00:20:05,480 Speaker 1: to former President Trump. We have sound on that once 360 00:20:05,480 --> 00:20:09,359 Speaker 1: again they are caving to Donald Trump and proving that 361 00:20:09,480 --> 00:20:13,000 Speaker 1: the Republican Party is still drunk off the big lie. 362 00:20:13,480 --> 00:20:16,360 Speaker 1: Getting it the truth is more important now that some 363 00:20:16,440 --> 00:20:19,880 Speaker 1: Republicans are trying to rewrite history. It's just incredible what 364 00:20:19,920 --> 00:20:23,720 Speaker 1: they are doing. How much, how dishonest can they be? 365 00:20:24,320 --> 00:20:27,879 Speaker 1: An abject fear of the most dishonest president who has 366 00:20:27,960 --> 00:20:32,160 Speaker 1: ever sat at the White House. So, Governor Schweiker, it's 367 00:20:32,240 --> 00:20:34,439 Speaker 1: so good to talk to you, and I wanted to 368 00:20:34,440 --> 00:20:37,359 Speaker 1: see if I can get your reaction to the decision 369 00:20:37,480 --> 00:20:41,840 Speaker 1: by McConnell and McCarthy not to support the Bipartisan Commission 370 00:20:42,119 --> 00:20:45,240 Speaker 1: that John Cocko, one of the Republican leaders in the House, 371 00:20:45,720 --> 00:20:49,560 Speaker 1: lad the charge in putting together. Yeah, sure, Jenny, I 372 00:20:50,640 --> 00:20:53,960 Speaker 1: it is disappointing. I do think there's an awful lot 373 00:20:54,000 --> 00:20:58,840 Speaker 1: of civic and political and governmental good that would arise 374 00:20:58,960 --> 00:21:02,760 Speaker 1: from a a review taking a look closely at what 375 00:21:02,840 --> 00:21:06,760 Speaker 1: happened that fateful day on January six, a formally endowed 376 00:21:06,800 --> 00:21:11,840 Speaker 1: commission with the resources and investigat ability to to you know, 377 00:21:11,920 --> 00:21:17,200 Speaker 1: I think we know that what occurred, and but why 378 00:21:17,680 --> 00:21:22,879 Speaker 1: and UH organizers and getting to the bottom of it. 379 00:21:22,960 --> 00:21:25,840 Speaker 1: I think there is an awful lot of insight Dick 380 00:21:25,880 --> 00:21:28,919 Speaker 1: could be shared and would have a calming effect for 381 00:21:29,040 --> 00:21:33,520 Speaker 1: our country, much as UH it occurred dynamically after UH 382 00:21:33,800 --> 00:21:36,520 Speaker 1: what occurred on eleven and two thousand and one? A 383 00:21:36,600 --> 00:21:40,240 Speaker 1: small parallel there, And and Lester, what do you make 384 00:21:40,400 --> 00:21:43,600 Speaker 1: of um? Given what the governor just said? What do 385 00:21:43,640 --> 00:21:47,680 Speaker 1: you make then of McConnell and McCarthy's argument that Democrats 386 00:21:47,840 --> 00:21:51,000 Speaker 1: weren't being fair about how the Commission would operate? And 387 00:21:51,320 --> 00:21:54,639 Speaker 1: just before you you answer, I'm gonna just play a 388 00:21:54,680 --> 00:21:57,120 Speaker 1: little sound we have on that and then come back 389 00:21:57,160 --> 00:22:00,800 Speaker 1: to you after we play it. Box have come out 390 00:22:01,600 --> 00:22:05,480 Speaker 1: and they'll continue to come out. What is clear is 391 00:22:05,480 --> 00:22:08,760 Speaker 1: that House Democrats have handled this proposal and partisan beth 392 00:22:09,200 --> 00:22:13,480 Speaker 1: bad faith, going right back to the beginning, what do 393 00:22:13,520 --> 00:22:17,160 Speaker 1: you make of his argument and McCarty's argument about bad 394 00:22:17,160 --> 00:22:22,320 Speaker 1: faith and unfairness on the Democrats side. Well, Republicans are 395 00:22:22,440 --> 00:22:26,199 Speaker 1: trying to include in the investigation that some of the 396 00:22:26,280 --> 00:22:30,000 Speaker 1: other violence that happened in the country in the last 397 00:22:30,080 --> 00:22:34,520 Speaker 1: year or so, to include some of the violence and 398 00:22:34,600 --> 00:22:38,000 Speaker 1: rights that happened over the summer after the George Floyd killing, 399 00:22:38,760 --> 00:22:42,000 Speaker 1: uh Antifa activity, and some other things. I'm not sure 400 00:22:42,000 --> 00:22:44,400 Speaker 1: how plausible of the suggestion is, but that's what they've 401 00:22:44,440 --> 00:22:48,080 Speaker 1: been pushing for. Real fumble here happened in the House 402 00:22:48,280 --> 00:22:53,160 Speaker 1: when you had compassioned Tatco agreed to the basic investigation 403 00:22:53,280 --> 00:22:56,960 Speaker 1: with the Democrats, and then McCarty had to reverse course 404 00:22:57,000 --> 00:22:58,520 Speaker 1: from there. So that was that was just kind of 405 00:22:58,560 --> 00:23:02,360 Speaker 1: some bad policle management there on the House side. Frankly, 406 00:23:02,880 --> 00:23:05,080 Speaker 1: I think the Republicans are not in a great spot here. 407 00:23:05,160 --> 00:23:09,040 Speaker 1: It should look like they want to embrace truth seeking 408 00:23:09,600 --> 00:23:12,719 Speaker 1: and a fair evaluation of what happened on generous It's 409 00:23:12,760 --> 00:23:14,600 Speaker 1: I think would be a much better position for them. 410 00:23:15,000 --> 00:23:19,280 Speaker 1: On the other hand, some pretty inside baseball stuff. Democrats 411 00:23:19,280 --> 00:23:21,480 Speaker 1: are all too happy to make Republicans look like they're 412 00:23:21,480 --> 00:23:25,400 Speaker 1: against this thing. I'm not sure how much voters really care. 413 00:23:25,440 --> 00:23:27,120 Speaker 1: At the end of the day. For the election coming 414 00:23:27,200 --> 00:23:30,119 Speaker 1: up next year, I would say the Republicans got the 415 00:23:30,119 --> 00:23:33,359 Speaker 1: short end of the stick on this one. It's a 416 00:23:33,440 --> 00:23:35,600 Speaker 1: it's a good point, and you know, I think UM 417 00:23:35,760 --> 00:23:38,920 Speaker 1: cat co's role here is one thing that that has 418 00:23:38,960 --> 00:23:41,960 Speaker 1: really astounded me on all of this UM. You know. 419 00:23:42,040 --> 00:23:46,919 Speaker 1: In other news today, CDC Director Rochelle Wilenski was answering 420 00:23:47,000 --> 00:23:51,199 Speaker 1: questions from lawmakers on the Senate Appropriations Committee regarding the 421 00:23:51,280 --> 00:23:56,240 Speaker 1: latest guidance about wearing masks and UH the vaccine UM. 422 00:23:56,280 --> 00:23:59,800 Speaker 1: The CDC was saying, obviously, fully vaccinated Americans don't have 423 00:23:59,840 --> 00:24:03,000 Speaker 1: to wear masks outdoors or indoors in most settings, but 424 00:24:03,200 --> 00:24:05,560 Speaker 1: MASS guidelines are still in place in other areas like 425 00:24:05,600 --> 00:24:09,959 Speaker 1: public transit, healthcare settings, and airplanes, and as some states 426 00:24:10,040 --> 00:24:13,040 Speaker 1: dropped their mass mandates, if you are keeping their requirements 427 00:24:13,080 --> 00:24:16,439 Speaker 1: for now, so, Doctor will Lensky was answering questions from 428 00:24:16,520 --> 00:24:19,960 Speaker 1: Senator John Kennedy of Louisiana, who asked for a streamlined 429 00:24:20,000 --> 00:24:22,960 Speaker 1: explanation for the new guidance, and we have sound on that. 430 00:24:24,680 --> 00:24:28,399 Speaker 1: Last Thursday, we release guides that demonstrated for an individual 431 00:24:28,760 --> 00:24:32,160 Speaker 1: who is able, who is fully vaccinated and not immuno 432 00:24:32,160 --> 00:24:36,119 Speaker 1: compromise that they are able to safely unmask UM with 433 00:24:36,200 --> 00:24:39,600 Speaker 1: the exceptions UM certainly exceptions of course in travel corridors, 434 00:24:39,600 --> 00:24:42,919 Speaker 1: healthcare settings, UM that if you are an individual, you 435 00:24:42,920 --> 00:24:46,560 Speaker 1: can safely unmask if you're fully vaccinated in and out, 436 00:24:46,720 --> 00:24:50,560 Speaker 1: inside and outside. So so, Governor, in the forty seconds 437 00:24:50,600 --> 00:24:52,639 Speaker 1: we have left, Um, what do you make of the 438 00:24:52,720 --> 00:24:55,720 Speaker 1: CDC's guidance here and how are things in your home 439 00:24:55,760 --> 00:24:58,840 Speaker 1: state of Pennsylvania. Well, I think CDC slowed to the draw. 440 00:24:59,400 --> 00:25:02,720 Speaker 1: I think you in public as well ahead. I think 441 00:25:02,760 --> 00:25:05,000 Speaker 1: in a very thoughtful way, most can be counted on 442 00:25:05,119 --> 00:25:08,800 Speaker 1: to comport themselves in a responsible way. And when they're outside, 443 00:25:08,800 --> 00:25:11,400 Speaker 1: they're not wearing mask. I mean, it's a beautiful day 444 00:25:11,440 --> 00:25:13,359 Speaker 1: as we get ready for the summer and Memorial Day 445 00:25:13,400 --> 00:25:16,200 Speaker 1: weekend coming, I think they've made their own decision that 446 00:25:16,280 --> 00:25:19,679 Speaker 1: they're going to be responsible, respect the wishes of others 447 00:25:19,680 --> 00:25:22,439 Speaker 1: in and in in select settings, Uh, if need be, 448 00:25:22,680 --> 00:25:24,840 Speaker 1: wear the mask. But I think day by day by day, 449 00:25:24,880 --> 00:25:29,359 Speaker 1: the American public has decided has decreed, uh, no more masks, 450 00:25:29,840 --> 00:25:33,480 Speaker 1: and they still can help in a civic sense keep 451 00:25:33,520 --> 00:25:36,640 Speaker 1: their community safe when they make that kind of thoughtful decision. 452 00:25:37,000 --> 00:25:39,199 Speaker 1: And Governor, it is a beautiful day, and you just 453 00:25:39,320 --> 00:25:42,400 Speaker 1: got me very excited for a Memorial Day. Um, we're 454 00:25:42,440 --> 00:25:46,160 Speaker 1: gonna be speaking more with the former governor about his editorial, 455 00:25:46,240 --> 00:25:50,639 Speaker 1: which is fascinating and also obviously get Lester's reaction to 456 00:25:50,800 --> 00:25:54,439 Speaker 1: that and more of the news today, including the President's 457 00:25:54,480 --> 00:25:56,879 Speaker 1: reaction to what is going on in the Gaza Strep. 458 00:25:57,240 --> 00:26:13,680 Speaker 1: I am Jeanie Schanzano and this is Bloomberg. This is 459 00:26:13,720 --> 00:26:21,360 Speaker 1: Bloomberg sound On on Bloomberg Radio, and I am Jeanie Chanzano, 460 00:26:21,520 --> 00:26:24,720 Speaker 1: and I'm here with Lester Munson, principle of the b 461 00:26:24,920 --> 00:26:30,280 Speaker 1: GR Group and former Governor of Pennsylvania Mark Schweiker, who 462 00:26:30,359 --> 00:26:34,000 Speaker 1: also is a senior vice president at ren Matrix, Inc. 463 00:26:34,640 --> 00:26:37,359 Speaker 1: And Governor. I wanted to talk to you a little 464 00:26:37,400 --> 00:26:40,359 Speaker 1: bit about this really moving piece you wrote in the 465 00:26:40,400 --> 00:26:43,680 Speaker 1: Philadelphia Inquirer. I think it was published yesterday. If I'm 466 00:26:43,680 --> 00:26:48,280 Speaker 1: not mistaken, about the approaching twenty anniversary of the nine 467 00:26:48,359 --> 00:26:54,600 Speaker 1: eleven attacks and your efforts to see those responsible finally 468 00:26:54,760 --> 00:26:58,480 Speaker 1: be brought to justice for their crimes. Can you talk 469 00:26:58,560 --> 00:27:01,080 Speaker 1: a little bit about your are thinking in the piece 470 00:27:01,119 --> 00:27:04,160 Speaker 1: that you published in the Inquirer? Sure well, Jennie, it's 471 00:27:04,160 --> 00:27:09,359 Speaker 1: really about honoring the memory and supporting the families of 472 00:27:09,600 --> 00:27:13,639 Speaker 1: three thousand people that died uh that fateful day in 473 00:27:13,720 --> 00:27:17,760 Speaker 1: two thousand and one on nine eleven. It's about reminding, 474 00:27:17,760 --> 00:27:20,240 Speaker 1: at least in Pennsylvania, that we that forty two children 475 00:27:20,280 --> 00:27:24,160 Speaker 1: lost parents that day and since Uh, you know, we've 476 00:27:24,160 --> 00:27:27,120 Speaker 1: had ten thousand first responders who are deal with things 477 00:27:27,320 --> 00:27:30,600 Speaker 1: dealing with a variety of cancer challenges as a result 478 00:27:30,640 --> 00:27:32,919 Speaker 1: of fighting uh, and the work they did on the 479 00:27:32,960 --> 00:27:39,520 Speaker 1: pile in Manhattan. So uh, it's it's difficult to ponder it. 480 00:27:39,520 --> 00:27:42,840 Speaker 1: It's it's stunning to know that here it is almost 481 00:27:42,880 --> 00:27:50,919 Speaker 1: twenty years after these four airplanes. Uh. Interestingly, you know, 482 00:27:50,960 --> 00:27:57,159 Speaker 1: two American airliners to United Airliners. Uh. You know, if anything, 483 00:27:57,359 --> 00:28:00,080 Speaker 1: kale Chik Mohammed was mindful of symbolism, and thus he 484 00:28:00,160 --> 00:28:02,960 Speaker 1: chose those those those four planes and those two airlines 485 00:28:03,600 --> 00:28:07,359 Speaker 1: s anonymous with the United States of America. Uh, and 486 00:28:07,440 --> 00:28:11,840 Speaker 1: all that they wrought that day. That the trial date 487 00:28:11,920 --> 00:28:15,520 Speaker 1: has not been reset and so uh and and k 488 00:28:15,760 --> 00:28:19,600 Speaker 1: said himself was apprehended seventeen years ago in Pakistan, just 489 00:28:19,640 --> 00:28:23,320 Speaker 1: a few years after not eleven itself in two thousand 490 00:28:23,320 --> 00:28:27,879 Speaker 1: and one. And yet Uh, it's troubling to to see 491 00:28:28,200 --> 00:28:32,040 Speaker 1: that the judicial system is not moving. The wheels are 492 00:28:32,119 --> 00:28:37,280 Speaker 1: stopped figuratively speaking. So it's really uh, in honoring the 493 00:28:37,359 --> 00:28:41,480 Speaker 1: families and the survivors, a respectful attempt to raise with 494 00:28:42,360 --> 00:28:44,680 Speaker 1: the big heart at Joe Biden. And he does have 495 00:28:44,720 --> 00:28:46,520 Speaker 1: a big heart, and we know that, and he's dealt 496 00:28:46,520 --> 00:28:48,200 Speaker 1: with quite a bit of loss in his own life. 497 00:28:48,200 --> 00:28:51,440 Speaker 1: And I say that respectfully, UH, to remind he as 498 00:28:51,480 --> 00:28:56,320 Speaker 1: the president that this is a task that is at 499 00:28:56,360 --> 00:29:00,920 Speaker 1: this moment undone, and let's get about the business of 500 00:29:01,320 --> 00:29:06,760 Speaker 1: completing the trial. And in your peace you note that Justice, 501 00:29:06,800 --> 00:29:09,600 Speaker 1: I'm quoting what you wrote here, Justice, enclosure can only 502 00:29:09,640 --> 00:29:13,400 Speaker 1: happen when the Biden administration finally does what its predecessors 503 00:29:13,440 --> 00:29:17,640 Speaker 1: did not bring to trial the mastermind of these attacks. 504 00:29:17,720 --> 00:29:20,920 Speaker 1: So why hasn't I mean, it is stunning, And we 505 00:29:21,200 --> 00:29:24,080 Speaker 1: of course know that you came into office as a 506 00:29:24,120 --> 00:29:26,720 Speaker 1: result of the attacks, you became governor as a result. 507 00:29:26,760 --> 00:29:31,160 Speaker 1: But twenty years later, why hasn't this happened yet? How 508 00:29:31,240 --> 00:29:33,960 Speaker 1: do we make sense of that? Well, it's a mystery 509 00:29:34,320 --> 00:29:37,560 Speaker 1: to many of us who UH, so to speak, we're 510 00:29:37,600 --> 00:29:45,400 Speaker 1: on the front lines and really believed that as the 511 00:29:45,480 --> 00:29:49,480 Speaker 1: months in the years, UH would come at us. And 512 00:29:49,640 --> 00:29:54,120 Speaker 1: the nine eleven commission work was completed, and you know, 513 00:29:54,560 --> 00:29:57,840 Speaker 1: all but pointed to finger at not all but pointed 514 00:29:57,840 --> 00:30:00,680 Speaker 1: to finger made it quite clear. Then K. S M 515 00:30:00,760 --> 00:30:06,680 Speaker 1: himself acknowledged his role and responsibilities. And this uh in 516 00:30:07,440 --> 00:30:14,480 Speaker 1: uh in in numerous interrogations that I don't think there's 517 00:30:15,560 --> 00:30:20,640 Speaker 1: one on assailable point of view that that answers that question. 518 00:30:21,440 --> 00:30:28,160 Speaker 1: Uh there have been references to uh other countries being 519 00:30:28,200 --> 00:30:32,280 Speaker 1: involved in the recruitment of the tourists. Uh there has 520 00:30:32,720 --> 00:30:35,640 Speaker 1: and as we all know, a year and a half ago, 521 00:30:35,760 --> 00:30:38,280 Speaker 1: and it certainly made sense at the time, but no, 522 00:30:38,800 --> 00:30:41,640 Speaker 1: uh no. More appealing was that the pandemic hit us 523 00:30:41,640 --> 00:30:44,600 Speaker 1: and the date had to be reset. That mean, for 524 00:30:44,680 --> 00:30:47,600 Speaker 1: accuracy sake, the date was set and it was to 525 00:30:47,640 --> 00:30:50,120 Speaker 1: be posted. It was postponed, but no date has been 526 00:30:50,160 --> 00:30:56,520 Speaker 1: circled and thus the editorial piece. So I don't have 527 00:30:57,520 --> 00:31:02,160 Speaker 1: any insight to that mystery. And Lester, as we talk 528 00:31:02,240 --> 00:31:05,400 Speaker 1: about nine eleven in the anniversary this year, of course, 529 00:31:05,720 --> 00:31:09,680 Speaker 1: another big thing that is supposed to be occurring that day, 530 00:31:09,720 --> 00:31:14,160 Speaker 1: including commemoration of nine eleven, is that we will finally 531 00:31:14,320 --> 00:31:18,719 Speaker 1: be withdrawing from Afghanistan. And what is your view on 532 00:31:18,760 --> 00:31:22,680 Speaker 1: the president's move visa the Afghanistan and of course the 533 00:31:22,720 --> 00:31:25,640 Speaker 1: governor's call for a trial date to finally be set 534 00:31:25,720 --> 00:31:31,080 Speaker 1: or the trial to finally occur for those who masterminded it. Jenny, first, 535 00:31:31,240 --> 00:31:33,760 Speaker 1: let me thank the governor for writing the up ED. 536 00:31:34,400 --> 00:31:38,240 Speaker 1: I think it's very timely. It's incredible that this hasn't 537 00:31:38,240 --> 00:31:41,880 Speaker 1: already happened. Bravo to you, sir, for for writing that. 538 00:31:42,760 --> 00:31:45,560 Speaker 1: I went to high school with Todd Biemer, who was 539 00:31:45,640 --> 00:31:49,800 Speaker 1: on Flight ninety three, and you know, I still get 540 00:31:49,840 --> 00:31:54,080 Speaker 1: pretty emotional about the whole thing and really appreciate you 541 00:31:54,800 --> 00:31:57,880 Speaker 1: kind of surfacing this issue. I think it's really important. Jenny, 542 00:31:58,080 --> 00:32:02,840 Speaker 1: um um Afghanistan. I am of two minds. I think 543 00:32:02,840 --> 00:32:05,600 Speaker 1: it's it's going to be a very problematic for the 544 00:32:05,720 --> 00:32:08,680 Speaker 1: US and our interests after the withdrawal of our forces. 545 00:32:09,200 --> 00:32:12,680 Speaker 1: Things do not look good in Afghanistan. On the other hand, 546 00:32:12,720 --> 00:32:16,320 Speaker 1: I confessed to being rather sympathetic to the view that, um, 547 00:32:17,040 --> 00:32:19,720 Speaker 1: we've been there for a very long time. We may 548 00:32:19,760 --> 00:32:24,520 Speaker 1: have lost sight of the mission over time, and um uh, 549 00:32:24,760 --> 00:32:28,280 Speaker 1: it's it's not necessarily a bad thing to be pulling 550 00:32:28,320 --> 00:32:32,120 Speaker 1: out of there if we can make arrangements strategically to 551 00:32:32,200 --> 00:32:35,960 Speaker 1: position our folks in a way that allows us to 552 00:32:36,000 --> 00:32:39,720 Speaker 1: respond if something bad does happen Afghanistan and to support 553 00:32:39,800 --> 00:32:42,840 Speaker 1: democratic forces there the most skeptical of that can happen. 554 00:32:42,920 --> 00:32:45,240 Speaker 1: But I'm really a kind of two minds. I'm sorry 555 00:32:45,240 --> 00:32:47,800 Speaker 1: I'm not more definitive on that question, and I think 556 00:32:47,920 --> 00:32:50,800 Speaker 1: many of us are. I'm so empathetic to that view. 557 00:32:50,920 --> 00:32:53,160 Speaker 1: I know, I've talked to so many people, and Governor, 558 00:32:53,160 --> 00:32:55,920 Speaker 1: I would just ask you, as somebody who's thought so 559 00:32:56,000 --> 00:33:00,360 Speaker 1: much about these issues. As President Biden made the decision 560 00:33:00,440 --> 00:33:04,560 Speaker 1: to withdraw these troops, do you think he is making 561 00:33:04,600 --> 00:33:08,000 Speaker 1: the right move? And he is facing some pushback from 562 00:33:08,040 --> 00:33:13,400 Speaker 1: people who say that leaving troops there and ensuring the 563 00:33:13,440 --> 00:33:17,800 Speaker 1: safety of women in particular and children who are likely 564 00:33:17,960 --> 00:33:20,240 Speaker 1: to incur and and be subject to a good deal 565 00:33:20,280 --> 00:33:24,640 Speaker 1: of violence after we we leave it, we probably should 566 00:33:24,640 --> 00:33:28,360 Speaker 1: be staying. What is your view on that? Well? Individually speaking, 567 00:33:28,760 --> 00:33:30,960 Speaker 1: and the presidents in a tough spot, as all presidents 568 00:33:31,000 --> 00:33:35,600 Speaker 1: have been, who have wrestled with this deployment given the 569 00:33:35,680 --> 00:33:39,480 Speaker 1: raucous political and on the ground affairs of Afghanistan. My 570 00:33:40,040 --> 00:33:43,640 Speaker 1: feeling is, I think, you know, the uppermost in our 571 00:33:43,680 --> 00:33:47,320 Speaker 1: mind ought to be the American public, their appetite for 572 00:33:48,120 --> 00:33:51,880 Speaker 1: their sense of backing the compact for being deployed there, 573 00:33:51,920 --> 00:33:55,080 Speaker 1: and fighting militarily. I think that is dissipated. I think 574 00:33:55,080 --> 00:33:58,840 Speaker 1: it is time to withdraw. Uh. Jeannie, My heart goes 575 00:33:58,880 --> 00:34:03,800 Speaker 1: out to UH. You know, the the the women and 576 00:34:03,840 --> 00:34:07,880 Speaker 1: the the the young women and girls in Afghanistan who 577 00:34:07,920 --> 00:34:11,680 Speaker 1: are denied, as we know, UH, formal education simply because 578 00:34:11,719 --> 00:34:15,960 Speaker 1: of a of a certain point of view. UH. It 579 00:34:16,080 --> 00:34:19,640 Speaker 1: helps with economy building when education is offered. Is we've 580 00:34:19,680 --> 00:34:23,680 Speaker 1: so richly endowed and noticed here in our U s 581 00:34:23,760 --> 00:34:28,040 Speaker 1: so UH. All that being said, I think it's best 582 00:34:28,560 --> 00:34:32,480 Speaker 1: that we do exit the It's not been successful, UH 583 00:34:32,760 --> 00:34:37,799 Speaker 1: lost an awful lot. And so I I believe that 584 00:34:37,880 --> 00:34:42,160 Speaker 1: the president uh is being the president, time to make decision. 585 00:34:42,360 --> 00:34:45,080 Speaker 1: Time to exit. And I want to ask you in 586 00:34:45,120 --> 00:34:47,520 Speaker 1: a couple of minutes we have remaining, asked both of 587 00:34:47,520 --> 00:34:49,920 Speaker 1: you to just reflect on another part of the world 588 00:34:50,120 --> 00:34:53,399 Speaker 1: where the president is um, you know, dealing with with 589 00:34:53,640 --> 00:34:57,279 Speaker 1: the violence UM in Israel and the valanced between I 590 00:34:57,280 --> 00:35:02,440 Speaker 1: should say Israel and Palestine. UM. We know that despite 591 00:35:02,440 --> 00:35:06,360 Speaker 1: growing pressure that for a ceasefire that has not happened yet. 592 00:35:06,680 --> 00:35:10,480 Speaker 1: And speaking to foreign ambassadors at the Israeli Defense Ministry today, 593 00:35:10,680 --> 00:35:13,440 Speaker 1: Prime Minister Benjamin yet Yah, who blamed a Moss for 594 00:35:13,480 --> 00:35:15,879 Speaker 1: the violence and said they will continue to crack down 595 00:35:15,920 --> 00:35:18,440 Speaker 1: on the militant group. And we have sound on that 596 00:35:19,040 --> 00:35:21,600 Speaker 1: this is not merely a question of israel security. It's 597 00:35:21,600 --> 00:35:24,480 Speaker 1: a question of our common security and our common interests 598 00:35:24,520 --> 00:35:26,600 Speaker 1: in the Middle East. There are only two ways that 599 00:35:26,640 --> 00:35:29,360 Speaker 1: you can deal with them. You can either conquer them, 600 00:35:29,400 --> 00:35:34,040 Speaker 1: and that's always an open possibility, or you can deter them. Uh. 601 00:35:34,040 --> 00:35:37,400 Speaker 1: And we are engaged right now in forceful deterrence. But 602 00:35:37,719 --> 00:35:41,480 Speaker 1: I have to say, we don't rule out anything. So Leicester, 603 00:35:41,600 --> 00:35:45,200 Speaker 1: in the thirty seconds we have left, is President Biden 604 00:35:46,320 --> 00:35:50,920 Speaker 1: his quiet diplomacy the right approach here? Well, I think 605 00:35:50,960 --> 00:35:53,839 Speaker 1: it's it's probably the only realistic approach. We don't. We don't. 606 00:35:53,840 --> 00:35:55,359 Speaker 1: We're not going to have a kind of informs on 607 00:35:55,400 --> 00:35:59,120 Speaker 1: this decision. Our envoy over there, while very competent, is 608 00:35:59,200 --> 00:36:03,239 Speaker 1: fairly low double. I hope the President is working like 609 00:36:03,320 --> 00:36:06,520 Speaker 1: crazy behind the scenes talking to key leaders to bring 610 00:36:06,560 --> 00:36:10,000 Speaker 1: this thing to an end quickly. Uh, Benjamin Mattia, who 611 00:36:10,080 --> 00:36:14,000 Speaker 1: is not wrong. This is Hamassa's fault. Um. And I 612 00:36:14,440 --> 00:36:16,880 Speaker 1: having said that, I hope it's it's over very quickly. 613 00:36:17,640 --> 00:36:20,200 Speaker 1: And I want to just echo that we all hope 614 00:36:20,200 --> 00:36:23,000 Speaker 1: it's over so quickly, and the president continues to be 615 00:36:23,120 --> 00:36:26,600 Speaker 1: under pressure, particularly by members of the progressive flank of 616 00:36:26,640 --> 00:36:29,600 Speaker 1: his party, to take a more forceful approach, so we'll 617 00:36:29,600 --> 00:36:32,120 Speaker 1: have to see what he does in the coming days. 618 00:36:32,640 --> 00:36:35,160 Speaker 1: And I want to thank so much Lester months In, 619 00:36:35,239 --> 00:36:39,040 Speaker 1: principal at b GR Group and former governor of Pennsylvania 620 00:36:39,080 --> 00:36:43,399 Speaker 1: Mark Schweiker, who's also senior vice president at rent rend Matrix, Inc. 621 00:36:43,880 --> 00:36:47,960 Speaker 1: Please check out his really fine editorial twenty Years Since 622 00:36:47,960 --> 00:36:52,200 Speaker 1: the nine eleven attacks in the Philadelphia Inquirer, Definitely worth 623 00:36:52,239 --> 00:36:56,040 Speaker 1: the read. I am Jeanie Schanzano and this is Bloomberg