1 00:00:00,320 --> 00:00:02,560 Speaker 1: We have no doubt that when the count is finished, 2 00:00:02,560 --> 00:00:04,800 Speaker 1: Senator Harris and I will be declared the winners. We 3 00:00:04,880 --> 00:00:07,240 Speaker 1: think there's going to be a lot of litigation because 4 00:00:07,280 --> 00:00:09,920 Speaker 1: we have so much evidence, so much proof. I ask 5 00:00:10,000 --> 00:00:13,000 Speaker 1: everyone to stay calm. The process is working. It's going 6 00:00:13,039 --> 00:00:15,880 Speaker 1: to end up perhaps at the highest court in the land. 7 00:00:16,160 --> 00:00:19,720 Speaker 1: This is special coverage of the twenty twenty election from 8 00:00:19,800 --> 00:00:23,840 Speaker 1: Bloomberg Radio. This is a Bloomberg Radio special report bringing 9 00:00:23,880 --> 00:00:26,920 Speaker 1: you the very latest on the twenty election. I'm Nathan 10 00:00:26,960 --> 00:00:30,560 Speaker 1: Hagar him maybe Morris. The accounting continues, but the election 11 00:00:31,000 --> 00:00:34,720 Speaker 1: is over. Joe Biden is now the president elect. Let's 12 00:00:34,760 --> 00:00:38,040 Speaker 1: bring in Emily Wilkins. Now. Emily is Bloomberg government reporter 13 00:00:38,280 --> 00:00:42,360 Speaker 1: who's been with the Biden campaign in Wilmington, Delaware. Emily, 14 00:00:42,440 --> 00:00:44,520 Speaker 1: want to thank you for taking the time with this um. 15 00:00:44,800 --> 00:00:46,640 Speaker 1: Just first of all, set the scene for us. What 16 00:00:46,760 --> 00:00:49,440 Speaker 1: is going on at the Biden campaign headquarters in Delaware. 17 00:00:49,680 --> 00:00:52,520 Speaker 1: So we're it's a different bit of a campaign because 18 00:00:52,520 --> 00:00:56,600 Speaker 1: everyone is socially distanced. It's a really positive atmosphere both 19 00:00:56,640 --> 00:01:00,400 Speaker 1: out here and inside the hotel where Biden campaign offers 20 00:01:00,440 --> 00:01:04,040 Speaker 1: are finally being able to celebrate the fact that Biden 21 00:01:04,080 --> 00:01:07,560 Speaker 1: will be the forties six president of the United States, 22 00:01:07,680 --> 00:01:10,880 Speaker 1: I've gotta think, Emily, there's not just a feeling of 23 00:01:11,000 --> 00:01:15,440 Speaker 1: celebration on the part of the Biden team, but relief 24 00:01:15,520 --> 00:01:20,520 Speaker 1: that they've finally gotten to that electoral College count that 25 00:01:20,640 --> 00:01:25,880 Speaker 1: guarantees them the presidency and the vice presidency. Here what 26 00:01:26,000 --> 00:01:29,920 Speaker 1: about that? I mean, the Biden campaign has had this 27 00:01:30,160 --> 00:01:34,440 Speaker 1: very narrow line to walk in disregard. On one hand, 28 00:01:34,520 --> 00:01:37,840 Speaker 1: they wanted to project compidence that Biden would be the 29 00:01:37,920 --> 00:01:42,280 Speaker 1: next president even before the race was called. However, because 30 00:01:42,319 --> 00:01:45,959 Speaker 1: Biden has spent the last several weeks warning Americans that 31 00:01:46,000 --> 00:01:48,280 Speaker 1: if Trump tried to call the race early that that 32 00:01:48,320 --> 00:01:51,400 Speaker 1: wouldn't be valid, he also put himself in a position 33 00:01:51,400 --> 00:01:54,280 Speaker 1: where he could not declare himself the winner. And so 34 00:01:54,400 --> 00:01:57,640 Speaker 1: Biden has had this very, very very careful message of 35 00:01:57,720 --> 00:02:00,480 Speaker 1: sort of everyone needs to wait, but we're up domestic. 36 00:02:00,680 --> 00:02:02,760 Speaker 1: So I think the Biden campaign has just sort of 37 00:02:02,840 --> 00:02:06,280 Speaker 1: slowly started to embrace us, and with the APIs call 38 00:02:06,600 --> 00:02:10,160 Speaker 1: not only for Pennsylvania but also for Nazada, they can 39 00:02:10,200 --> 00:02:12,880 Speaker 1: now say with confidence that Biden is going to be 40 00:02:12,960 --> 00:02:15,600 Speaker 1: the next president and they're going to go forward Emily. 41 00:02:15,680 --> 00:02:19,200 Speaker 1: What is the work ahead? The Vice President elect Kamala 42 00:02:19,240 --> 00:02:21,560 Speaker 1: Harris is tweeting that there's a lot of work ahead 43 00:02:21,600 --> 00:02:23,760 Speaker 1: for them to do. What's that gonna look like? When 44 00:02:23,760 --> 00:02:26,280 Speaker 1: does that begin? What do they start with? Oh, it 45 00:02:26,360 --> 00:02:29,040 Speaker 1: has already begun. Biden has been working on this transition 46 00:02:29,080 --> 00:02:31,720 Speaker 1: team for months. Uh. The other day, both he and 47 00:02:31,800 --> 00:02:34,480 Speaker 1: Harris were briefs on both the state of the economy 48 00:02:34,600 --> 00:02:37,920 Speaker 1: and the state of COVID nineteen in America. I mean, look, 49 00:02:38,040 --> 00:02:41,120 Speaker 1: we're having a giant biking cases right now of COVID 50 00:02:41,200 --> 00:02:44,400 Speaker 1: that we're seen. We still have unemployment far down from 51 00:02:44,400 --> 00:02:46,720 Speaker 1: where it was at the beginning of the year. There's 52 00:02:46,760 --> 00:02:49,120 Speaker 1: a lot of work to be done here. And perhaps 53 00:02:49,200 --> 00:02:52,560 Speaker 1: the most challenging thing is that Biden has promised again 54 00:02:52,600 --> 00:02:55,160 Speaker 1: and again that he will be unite the country. But 55 00:02:55,240 --> 00:02:59,320 Speaker 1: this has been ammenseally decisive election. We have seen an 56 00:02:59,360 --> 00:03:02,920 Speaker 1: America that once again came out and we saw Donald 57 00:03:02,919 --> 00:03:06,560 Speaker 1: Trump once again very similar numbers and very similar percentage 58 00:03:06,560 --> 00:03:09,840 Speaker 1: to what we saw in and we're creaking a bit 59 00:03:09,840 --> 00:03:13,600 Speaker 1: of further division. If Trump continues to push and saying 60 00:03:13,639 --> 00:03:17,040 Speaker 1: that this was a fraudulent election and deny the results 61 00:03:17,080 --> 00:03:19,240 Speaker 1: of it, and so I think one of the big 62 00:03:19,240 --> 00:03:21,120 Speaker 1: things that finding is going to have to do is 63 00:03:21,280 --> 00:03:24,360 Speaker 1: really find a way to start uniting Americans. Is it 64 00:03:24,400 --> 00:03:26,800 Speaker 1: going to be made that much more difficult, though, emily 65 00:03:26,880 --> 00:03:29,320 Speaker 1: by the fact that at this point it does seem 66 00:03:29,360 --> 00:03:33,160 Speaker 1: as though President Trump is not ready to concede. Shortly 67 00:03:33,240 --> 00:03:36,360 Speaker 1: after the calls were made by the major media organizations, 68 00:03:36,400 --> 00:03:38,760 Speaker 1: the President came out and said this election is far 69 00:03:38,840 --> 00:03:42,839 Speaker 1: from over. He's promising to begin legal proceedings as soon 70 00:03:42,880 --> 00:03:45,160 Speaker 1: as Monday. It probably does make it a little more 71 00:03:45,160 --> 00:03:47,880 Speaker 1: difficult for the fighting campaign, but I'm thinking that the 72 00:03:47,880 --> 00:03:50,720 Speaker 1: fighting campaign. I don't think that the course of direction 73 00:03:50,800 --> 00:03:53,360 Speaker 1: board is going to be determined by whether or not 74 00:03:53,440 --> 00:03:56,080 Speaker 1: Trump and the election. I think that's going to be 75 00:03:56,200 --> 00:04:00,920 Speaker 1: more of affection for those within the Republican Party senator, lawmakers, 76 00:04:01,080 --> 00:04:05,160 Speaker 1: top official on whether they want to continue Trump's message 77 00:04:05,240 --> 00:04:07,960 Speaker 1: that's the election legitimate, or if they want to begin 78 00:04:08,000 --> 00:04:10,960 Speaker 1: to accept the results as we've seen them called. We're 79 00:04:11,000 --> 00:04:13,960 Speaker 1: also looking ahead to see how the president elect is 80 00:04:13,960 --> 00:04:16,719 Speaker 1: going to be able to work with what appears to 81 00:04:16,800 --> 00:04:21,360 Speaker 1: be a Republican held Senate. Uh, is there any optimism 82 00:04:21,400 --> 00:04:23,919 Speaker 1: that they'll be able to you know, cross those party 83 00:04:23,960 --> 00:04:26,200 Speaker 1: lines and be able to sit down together and get 84 00:04:26,240 --> 00:04:29,440 Speaker 1: things done, not just be all grid luck all the time. Obviously, 85 00:04:29,520 --> 00:04:32,960 Speaker 1: Joe Biden would probably rather be working with Senate Majority 86 00:04:33,040 --> 00:04:36,120 Speaker 1: Leader Chuck Schumer instead of Senate Majority Leader Mitch McConnell. 87 00:04:36,560 --> 00:04:38,799 Speaker 1: Biden was in the Senate for a number of years, 88 00:04:38,880 --> 00:04:41,839 Speaker 1: he has worked with these Republican lawmakers before. He has 89 00:04:41,880 --> 00:04:44,839 Speaker 1: worked with McConnell before. I mean he and McCombe do 90 00:04:45,120 --> 00:04:48,440 Speaker 1: have a relationship that transcends the work one a little bit. 91 00:04:48,720 --> 00:04:51,599 Speaker 1: McConnell was one of the few Republican senators to come 92 00:04:51,640 --> 00:04:54,560 Speaker 1: to the funeral of bo Biden, and so he and 93 00:04:54,680 --> 00:04:57,680 Speaker 1: McConnell do have the sort of repertoire that we might 94 00:04:57,720 --> 00:05:01,799 Speaker 1: not have necessarily seen between Shay McConnell and Barack Obama. 95 00:05:02,080 --> 00:05:04,280 Speaker 1: So there is a sense that Biden might be able 96 00:05:04,320 --> 00:05:08,200 Speaker 1: to work with a Republican Senate and a House where 97 00:05:08,360 --> 00:05:11,880 Speaker 1: the Democratic majority has shrunk. It does mean that a 98 00:05:11,920 --> 00:05:14,279 Speaker 1: lot of the big picture plans that he might have 99 00:05:14,320 --> 00:05:17,479 Speaker 1: been hoping to pass, big things on Texas, big things 100 00:05:17,480 --> 00:05:20,479 Speaker 1: on healthcare, those might have to be scaled back because 101 00:05:20,520 --> 00:05:23,240 Speaker 1: they're going to have to pass in either a Republican 102 00:05:23,279 --> 00:05:26,080 Speaker 1: Health Senate or a fifty fifty Senate. Are you starting 103 00:05:26,080 --> 00:05:29,400 Speaker 1: to see, Emily, any tailoring of expectations in terms of 104 00:05:29,440 --> 00:05:34,119 Speaker 1: the kinds of policy proposals that a Biden presidency could 105 00:05:34,240 --> 00:05:36,400 Speaker 1: pursue with the kind of government it's going to be 106 00:05:36,440 --> 00:05:39,839 Speaker 1: facing come January. Just an extent, yes, I think everyone 107 00:05:40,360 --> 00:05:43,320 Speaker 1: realizes that Democrats are only going to be holding two 108 00:05:43,360 --> 00:05:46,760 Speaker 1: of these chambers, uh, and that Republicans are still either 109 00:05:46,839 --> 00:05:48,920 Speaker 1: going to hold the Senate or have a very strong 110 00:05:49,120 --> 00:05:52,160 Speaker 1: way in the Senate if it is divided. And so 111 00:05:52,200 --> 00:05:55,120 Speaker 1: I think everyone does realize to a certain extent that, yes, 112 00:05:55,560 --> 00:05:57,320 Speaker 1: things are going to have to be different than what 113 00:05:57,400 --> 00:05:59,599 Speaker 1: they might have been if Democrats for going in with 114 00:05:59,640 --> 00:06:02,680 Speaker 1: the White House. Thank you for this, Emily. That's a 115 00:06:02,720 --> 00:06:06,279 Speaker 1: Bloomberg government reporter. Emily Wilkins with us from Biden campaign 116 00:06:06,320 --> 00:06:10,799 Speaker 1: headquarters in Wilmington, Delaware. Straight ahead on this Bloomberg Daybreak 117 00:06:10,880 --> 00:06:14,000 Speaker 1: special report, we'll look at the path ahead for policy 118 00:06:14,400 --> 00:06:18,920 Speaker 1: for a president elected Biden. Terry Hayes, founder of Pangaea Policy, 119 00:06:19,120 --> 00:06:22,279 Speaker 1: joins us. Next. I'm Nathan Hager along with Amy Morris, 120 00:06:22,320 --> 00:06:29,919 Speaker 1: and this is Bloomberg. This is special coverage of the 121 00:06:30,720 --> 00:06:34,200 Speaker 1: election from Bloomberg Radio. This is a Bloomberg Radio special 122 00:06:34,200 --> 00:06:37,600 Speaker 1: report bringing you the very latest on the race. I'm 123 00:06:37,680 --> 00:06:41,279 Speaker 1: Nathan Hager, I'm Amy Morris. Some counting does continue, but 124 00:06:41,360 --> 00:06:44,560 Speaker 1: we can tell you Democrat Joe Biden has defeated President Trump. 125 00:06:45,000 --> 00:06:48,799 Speaker 1: Biden will become the forty six president of the United States. 126 00:06:49,040 --> 00:06:51,440 Speaker 1: We want to bring in now Terry Haynes, the founder 127 00:06:51,480 --> 00:06:54,760 Speaker 1: of Panji a policy. Terry, it is always a pleasure 128 00:06:54,800 --> 00:06:56,440 Speaker 1: to talk to you. Thank you for taking the time 129 00:06:56,440 --> 00:06:58,680 Speaker 1: with us, um and we do want to let our 130 00:06:58,680 --> 00:07:02,839 Speaker 1: audience know that President Trump continues to challenge this vote count. 131 00:07:02,920 --> 00:07:07,160 Speaker 1: He continues with his court challenges. Terry. What's the likelihood 132 00:07:07,160 --> 00:07:09,080 Speaker 1: that the president is going to get very far with this? 133 00:07:10,080 --> 00:07:13,320 Speaker 1: Thank you, Amy and Nathan. I think that at the 134 00:07:13,440 --> 00:07:16,720 Speaker 1: end of the day, Biden wins after all the challenges 135 00:07:17,080 --> 00:07:19,280 Speaker 1: and Trump does not. There are you know, there's six 136 00:07:19,280 --> 00:07:26,120 Speaker 1: states that still matter. Uh at Pennsylvania, Arizona, North Carolina, Georgia, Wisconsin, Nevada. Uh, 137 00:07:26,200 --> 00:07:28,320 Speaker 1: there are a variety of challenges there. I could bore 138 00:07:28,360 --> 00:07:30,360 Speaker 1: you with details on them, and I will if you'd like, 139 00:07:30,520 --> 00:07:34,600 Speaker 1: But uh, at Root, Uh, you know, even if even 140 00:07:34,640 --> 00:07:37,280 Speaker 1: if all those challenges went Trump's way, I think that 141 00:07:37,320 --> 00:07:41,480 Speaker 1: he still loses Nevada. Let's look ahead to what policy 142 00:07:41,760 --> 00:07:46,920 Speaker 1: could be looking like going forward with a President Biden. 143 00:07:47,240 --> 00:07:51,280 Speaker 1: What do you see being accomplished in the lame duck? Uh? 144 00:07:51,640 --> 00:07:55,840 Speaker 1: Where the markets are looking for some kind of stimulus 145 00:07:55,880 --> 00:07:58,640 Speaker 1: to come out before the end of this year. I 146 00:07:58,680 --> 00:08:02,200 Speaker 1: think that the stimul us when it comes, will be 147 00:08:02,280 --> 00:08:06,160 Speaker 1: in the one point five trillion to two trillion range. Uh. 148 00:08:06,200 --> 00:08:09,360 Speaker 1: And I'll tell you why I think that. Uh. Fundamentally, 149 00:08:09,880 --> 00:08:14,640 Speaker 1: a lot of analysts uh completely missed the idea that 150 00:08:14,920 --> 00:08:18,720 Speaker 1: are completely missed the how receptive Republicans are to having 151 00:08:18,760 --> 00:08:21,680 Speaker 1: a stimulus. They think the position is that of there 152 00:08:21,560 --> 00:08:25,080 Speaker 1: are the current Republican Senate, which is about half a 153 00:08:25,120 --> 00:08:30,040 Speaker 1: trillion dollars. But that was a conversation starter, you know, 154 00:08:30,080 --> 00:08:31,960 Speaker 1: to get the get the Senate in the game more 155 00:08:32,000 --> 00:08:35,280 Speaker 1: than anything else. Uh. The sweet spot here, both politically 156 00:08:35,720 --> 00:08:38,120 Speaker 1: and for in terms of the economy is one and 157 00:08:38,160 --> 00:08:40,600 Speaker 1: a half to two trillion dollars. That's kind of where 158 00:08:40,600 --> 00:08:44,200 Speaker 1: everybody was coalescing around. But before the election, there was 159 00:08:44,240 --> 00:08:49,600 Speaker 1: really no really no political consensus around the need to 160 00:08:49,640 --> 00:08:52,720 Speaker 1: get something done, and there's no economic consensus that you know, 161 00:08:52,800 --> 00:08:57,000 Speaker 1: something absolutely needed to happen after the elections. I don't 162 00:08:57,000 --> 00:08:59,480 Speaker 1: think it happens immediately after the elections. I think it 163 00:08:59,520 --> 00:09:03,120 Speaker 1: waits since Ole Uh, the President Biden comes in. The 164 00:09:03,160 --> 00:09:06,440 Speaker 1: reasons that very simply is that there is a there 165 00:09:06,720 --> 00:09:10,280 Speaker 1: now they're likely to runoffs in Georgia for the Senate 166 00:09:10,320 --> 00:09:13,559 Speaker 1: that will determine whether or not the Senate is Republican 167 00:09:13,600 --> 00:09:17,200 Speaker 1: majority or Democratic majority. Now I think it's likely to 168 00:09:17,240 --> 00:09:20,000 Speaker 1: continue to be Republican majority, but it's not out of 169 00:09:20,000 --> 00:09:24,240 Speaker 1: the question that the Democrats take both of those seats. 170 00:09:24,240 --> 00:09:29,120 Speaker 1: So the politics don't yet coalesce around doing something serious 171 00:09:29,880 --> 00:09:33,880 Speaker 1: about stimulus before uh, the end of January beginning of February. 172 00:09:33,880 --> 00:09:36,400 Speaker 1: And the only thing frankly that could change that would 173 00:09:36,400 --> 00:09:39,040 Speaker 1: be if the economy takes some kind of steep dive 174 00:09:39,120 --> 00:09:42,480 Speaker 1: similar to that which happened in March. Uh. Absolutely, you know, 175 00:09:42,520 --> 00:09:44,360 Speaker 1: not out of the question, but nobody thinks that's going 176 00:09:44,400 --> 00:09:46,760 Speaker 1: to happen right now, so I think you don't see 177 00:09:46,800 --> 00:09:51,320 Speaker 1: it until February. Do you see the GOP driving hard 178 00:09:51,360 --> 00:09:54,959 Speaker 1: bargains assuming that it is a Republican majority Senate that 179 00:09:55,000 --> 00:09:57,520 Speaker 1: would be dealing with a Biden White House. Yeah, I 180 00:09:57,600 --> 00:10:02,280 Speaker 1: see them driving hard bargains across the across the board. Amy. Uh. 181 00:10:02,480 --> 00:10:04,599 Speaker 1: What I see out of a Biden presidency really is 182 00:10:04,920 --> 00:10:09,160 Speaker 1: is three market positives. One is that uh, there's general generally, 183 00:10:09,200 --> 00:10:12,840 Speaker 1: there's fiscal stability. Uh. Secondly, the you know again that 184 00:10:12,920 --> 00:10:16,080 Speaker 1: you have a code next COVID relief package and then 185 00:10:16,080 --> 00:10:18,040 Speaker 1: one and a half to two trillion range, something that 186 00:10:18,760 --> 00:10:22,120 Speaker 1: the economy will respond very positively too. And Thirdly, they 187 00:10:22,240 --> 00:10:26,360 Speaker 1: get no rollback of UH policies that the markets really 188 00:10:26,400 --> 00:10:30,040 Speaker 1: liked during during the sort of the Trump slash Senate 189 00:10:30,040 --> 00:10:34,200 Speaker 1: Republican coalition presidency. So tax bill isn't get rolled back, 190 00:10:35,040 --> 00:10:38,040 Speaker 1: regulations don't get reimposed fully, all that sort of thing, 191 00:10:38,480 --> 00:10:40,839 Speaker 1: but you don't really get anything else. It's I think 192 00:10:40,840 --> 00:10:43,640 Speaker 1: it's always a misnomber to think that that there's two 193 00:10:43,640 --> 00:10:46,480 Speaker 1: political parties involved here, when in fact there's four coalitions. 194 00:10:47,120 --> 00:10:51,840 Speaker 1: UH coalitions are left to right, Democratic Progressives, Democratic centrists, 195 00:10:51,920 --> 00:10:57,360 Speaker 1: Republicans centrists, and Republican conservatives. They assembled differently this time, 196 00:10:57,400 --> 00:11:00,880 Speaker 1: how they assemble in the assembled differently in the administration 197 00:11:00,920 --> 00:11:04,280 Speaker 1: and the Trump administration. Now in the Biden administration, I 198 00:11:04,320 --> 00:11:08,560 Speaker 1: think what you get is a situation where uh, Biden 199 00:11:08,800 --> 00:11:13,040 Speaker 1: has atacked to the center, because if he doesn't, he's 200 00:11:13,080 --> 00:11:16,720 Speaker 1: not going to get any cabinet appointees. Republican Senate won't 201 00:11:16,760 --> 00:11:19,720 Speaker 1: confirm anybody that's a sort of a left progressive. So, 202 00:11:19,800 --> 00:11:22,520 Speaker 1: to use a an easy example, you don't get Elizabeth 203 00:11:22,520 --> 00:11:24,800 Speaker 1: war and a treasure, even if she wanted it, even 204 00:11:24,800 --> 00:11:27,480 Speaker 1: if Biden wanted it. You don't get that because Republican 205 00:11:27,520 --> 00:11:31,440 Speaker 1: Senate would never confirm her. Uh So that's gonna the 206 00:11:31,480 --> 00:11:34,080 Speaker 1: Republican Senate has a great deal to say about how 207 00:11:34,480 --> 00:11:38,400 Speaker 1: Biden conducts his presidency. But as we all know that, 208 00:11:38,679 --> 00:11:42,199 Speaker 1: Biden has another problem, which is the challenge from the left. 209 00:11:42,360 --> 00:11:45,680 Speaker 1: There's already some progressives who are already starting to say, 210 00:11:45,760 --> 00:11:49,360 Speaker 1: you know, it's time to start the opposing a Biden presidency. 211 00:11:50,080 --> 00:11:54,320 Speaker 1: Uh you know, it's uh amazing how quickly these things move. 212 00:11:54,440 --> 00:11:57,199 Speaker 1: But they want to start being frustrated with Biden for 213 00:11:57,440 --> 00:12:00,640 Speaker 1: his inability to to do everything that they want, even 214 00:12:00,679 --> 00:12:03,520 Speaker 1: though Biden has no political ability in a practical sense 215 00:12:03,600 --> 00:12:05,599 Speaker 1: to achieve any of those things where he'd want it. 216 00:12:06,120 --> 00:12:07,720 Speaker 1: Uh So, what you've got is you've got a very 217 00:12:07,760 --> 00:12:11,280 Speaker 1: splendord Democratic Party. Uh Pelosi will not be able to 218 00:12:11,360 --> 00:12:14,800 Speaker 1: exercise any influence on her own coalition, because she's effectively 219 00:12:14,840 --> 00:12:18,840 Speaker 1: a lame duck, this being her last term as Speaker, 220 00:12:19,040 --> 00:12:22,319 Speaker 1: as already agreed to when she became Speaker this time now, 221 00:12:22,920 --> 00:12:25,439 Speaker 1: and so there won't be any ability for this is 222 00:12:25,480 --> 00:12:29,199 Speaker 1: Pelosi to exercise any discipline on our own House members. 223 00:12:29,559 --> 00:12:32,360 Speaker 1: President ELEC. Biden now has to deal with a very 224 00:12:32,400 --> 00:12:36,880 Speaker 1: fractured party of his own, as well as a Republican 225 00:12:37,640 --> 00:12:41,040 Speaker 1: Senate and a Republican party generally that has absolutely no 226 00:12:41,160 --> 00:12:44,559 Speaker 1: interest in helping him move anything else along other than 227 00:12:44,600 --> 00:12:47,480 Speaker 1: the three basics that I already mentioned. But even before 228 00:12:47,760 --> 00:12:51,720 Speaker 1: there's this issue of appeasing all these factions within the 229 00:12:51,800 --> 00:12:56,280 Speaker 1: parties themselves. You have to think, Terry, that the overwhelming 230 00:12:56,360 --> 00:12:59,640 Speaker 1: focus of a Biden presidency, at least in the short 231 00:12:59,720 --> 00:13:02,240 Speaker 1: term even then the medium term is going to be 232 00:13:02,360 --> 00:13:06,480 Speaker 1: dealing with the coronavirus pandemic, and a Biden presidency is 233 00:13:06,480 --> 00:13:10,560 Speaker 1: going to be addressing this a lot differently than the 234 00:13:10,600 --> 00:13:13,720 Speaker 1: Trump administration has. I think they do to some extent, 235 00:13:13,960 --> 00:13:17,360 Speaker 1: but the Biden is going to have to proceed very 236 00:13:17,400 --> 00:13:20,880 Speaker 1: carefully and very cautiously. I think, you know, the people 237 00:13:20,960 --> 00:13:23,640 Speaker 1: have lived with this for the better part of a 238 00:13:23,720 --> 00:13:27,000 Speaker 1: year now. Uh, and their own opinions. I mean, I'm 239 00:13:27,000 --> 00:13:30,280 Speaker 1: just talking about general citizens. What people in Washington are 240 00:13:30,320 --> 00:13:34,640 Speaker 1: now calling normis right, normal people, I'm saying, and uh, 241 00:13:34,720 --> 00:13:36,600 Speaker 1: you know, normal people are going to have to deal 242 00:13:36,679 --> 00:13:39,160 Speaker 1: with or have been dealing with this for quite a while. 243 00:13:39,600 --> 00:13:41,640 Speaker 1: And you know, they have their own opinions starting to 244 00:13:41,640 --> 00:13:45,240 Speaker 1: be baked in. And you know, if if Biden goes 245 00:13:45,320 --> 00:13:48,400 Speaker 1: whole hog on, say a mask mandate, for example, uh, 246 00:13:48,440 --> 00:13:50,840 Speaker 1: you know, there's a whole slew of legal and practical 247 00:13:50,880 --> 00:13:52,760 Speaker 1: issues about whether he could do that, but let's still 248 00:13:52,840 --> 00:13:56,600 Speaker 1: let's say that that's where they want to start anyway. Um, 249 00:13:56,679 --> 00:13:58,440 Speaker 1: you know it's gonna send a very bad signal to 250 00:13:58,440 --> 00:13:59,920 Speaker 1: a lot of people in this country who think that 251 00:14:00,800 --> 00:14:04,200 Speaker 1: that's overkill. Thank you for this, Terry, great having you 252 00:14:04,280 --> 00:14:07,640 Speaker 1: with us once again. That's Terry Haines, founder of Pangea 253 00:14:07,760 --> 00:14:11,920 Speaker 1: Policy and coming up next on this Bloomberg Daybreak special report, 254 00:14:12,000 --> 00:14:15,920 Speaker 1: President Trump is vowing to fight the election result in court. 255 00:14:16,360 --> 00:14:19,760 Speaker 1: Does he have a legal path? Bloomberg Law host June 256 00:14:19,760 --> 00:14:24,280 Speaker 1: Grasso joins me and Amy Morris. Next. This is Bloomberg. 257 00:14:29,680 --> 00:14:34,280 Speaker 1: This is special coverage of the election from Bloomberg Radio. 258 00:14:35,120 --> 00:14:37,840 Speaker 1: This is a Bloomberg Radio special report bringing you the 259 00:14:37,920 --> 00:14:42,000 Speaker 1: very latest on the race. I'm Nathan Hager. I'm Amy Morris. 260 00:14:42,040 --> 00:14:45,680 Speaker 1: Democrat Joe Biden has defeated President Donald Trump to become 261 00:14:45,680 --> 00:14:48,920 Speaker 1: the forty six president of the United States, even though 262 00:14:49,240 --> 00:14:52,960 Speaker 1: President Trump says the race is not over. Let's bring 263 00:14:53,000 --> 00:14:55,360 Speaker 1: in June Grosso now. She is the host of Bloomberg 264 00:14:55,440 --> 00:14:58,640 Speaker 1: Law and our resident legal expert. June, I want to 265 00:14:58,680 --> 00:15:00,960 Speaker 1: thank you for taking the time of this and maybe 266 00:15:00,960 --> 00:15:04,160 Speaker 1: bring us up to speed on the court cases that 267 00:15:04,280 --> 00:15:06,760 Speaker 1: may be coming up. President Trump says this race is 268 00:15:06,800 --> 00:15:10,960 Speaker 1: not over. What recourse does he have now, Well, that's 269 00:15:10,960 --> 00:15:17,040 Speaker 1: the big question, Amy, And we've seen lawsuits filed in Michigan, Georgia, Nevada, 270 00:15:17,080 --> 00:15:20,600 Speaker 1: and Pennsylvania. And most of these lawsuits are about the 271 00:15:20,720 --> 00:15:24,720 Speaker 1: counting of the ballots and whether or not the Republican 272 00:15:25,280 --> 00:15:29,520 Speaker 1: campaign was given the ability to observe what was happening. 273 00:15:29,640 --> 00:15:33,640 Speaker 1: And lawsuits have been dismissed in Michigan, Georgia, Nevada, and 274 00:15:33,680 --> 00:15:39,760 Speaker 1: Pennsylvania over these various questions. It's unclear what else President 275 00:15:39,840 --> 00:15:43,480 Speaker 1: Trump would be contesting. And you also have to remember 276 00:15:43,560 --> 00:15:47,320 Speaker 1: that even if he contest these votes. This will be 277 00:15:47,360 --> 00:15:50,920 Speaker 1: taken place after those votes were counted, and it becomes 278 00:15:51,080 --> 00:15:54,760 Speaker 1: much harder for a court to step in and say, 279 00:15:55,040 --> 00:15:58,800 Speaker 1: we're going to discount the votes that these people cast 280 00:15:59,080 --> 00:16:02,560 Speaker 1: using the friend chise. They cast them in reliance on 281 00:16:02,640 --> 00:16:06,280 Speaker 1: the rules of the state and county, and we're now 282 00:16:06,320 --> 00:16:09,640 Speaker 1: going to step in and say they're not valid. That's 283 00:16:09,760 --> 00:16:13,400 Speaker 1: a really high bar for any court, and it's really 284 00:16:13,520 --> 00:16:17,920 Speaker 1: unlikely in my mind that President Trump would be able 285 00:16:17,960 --> 00:16:21,800 Speaker 1: to do that, and apparently some of his own legal advisors, 286 00:16:21,840 --> 00:16:24,480 Speaker 1: according to the Wall Street Journal, the White House Council 287 00:16:25,000 --> 00:16:29,520 Speaker 1: on Thursday night, told the President that a legal campaign 288 00:16:29,560 --> 00:16:34,200 Speaker 1: had little chance, no hope actually of overturning Biden's lead. 289 00:16:34,840 --> 00:16:37,640 Speaker 1: So I have no idea where they would go with that. 290 00:16:38,520 --> 00:16:42,480 Speaker 1: The President has said that legal votes, if they were counted, 291 00:16:42,640 --> 00:16:46,080 Speaker 1: he would easily win. If you count illegal votes as 292 00:16:46,120 --> 00:16:49,920 Speaker 1: he characterizes that, uh, they would steal the election. Is 293 00:16:49,960 --> 00:16:52,760 Speaker 1: how the president has characterized And what does he mean 294 00:16:53,120 --> 00:16:58,720 Speaker 1: from your estimation by illegal votes? I think he needs 295 00:16:58,840 --> 00:17:04,840 Speaker 1: votes that are fraudulent in some way. However, every vote 296 00:17:04,840 --> 00:17:09,000 Speaker 1: that's cast is a legal vote until it's proven that 297 00:17:09,119 --> 00:17:11,920 Speaker 1: it's an illegal vote. So what happens is if there's 298 00:17:11,920 --> 00:17:15,439 Speaker 1: a vote, and there are observers from both campaigns, and 299 00:17:15,480 --> 00:17:18,480 Speaker 1: if there's a vote that one campaign says, let's say 300 00:17:18,480 --> 00:17:20,920 Speaker 1: it's the Trump campaign says, this vote, it doesn't look 301 00:17:20,960 --> 00:17:23,359 Speaker 1: like the signature matches, or this vote didn't match the 302 00:17:23,440 --> 00:17:27,600 Speaker 1: requirements in some way. Then they go before a judge 303 00:17:27,600 --> 00:17:30,720 Speaker 1: who looks at the vote and says, well, let me 304 00:17:30,760 --> 00:17:32,640 Speaker 1: see what I think about this vote. So this would 305 00:17:32,640 --> 00:17:34,400 Speaker 1: have to be done on almost on a vote by 306 00:17:34,520 --> 00:17:38,640 Speaker 1: vote basis, ballot by ballot, And in all the cases 307 00:17:38,680 --> 00:17:42,159 Speaker 1: that we've seen so far, the judges have found that 308 00:17:42,160 --> 00:17:45,639 Speaker 1: there has been no evidence at all brought by the 309 00:17:45,640 --> 00:17:48,879 Speaker 1: Trump campaign to show that these votes, that any votes 310 00:17:49,480 --> 00:17:52,840 Speaker 1: are illegal. Not one vote has been declared illegal in 311 00:17:52,880 --> 00:17:55,600 Speaker 1: these big in these big cases. And another thing is 312 00:17:55,640 --> 00:17:59,000 Speaker 1: that most of these lawsuits, the challenge has been to 313 00:17:59,280 --> 00:18:03,800 Speaker 1: the observation by the Trump campaign, in other words, how 314 00:18:03,840 --> 00:18:06,560 Speaker 1: far away they're able to observe the ballots. In fact, 315 00:18:06,600 --> 00:18:11,320 Speaker 1: when Rudy Giuliani, President Trump's personal lawyer, was was talking 316 00:18:11,359 --> 00:18:15,520 Speaker 1: about more lawsuits in Pennsylvania on Saturday, he talked about 317 00:18:15,600 --> 00:18:19,200 Speaker 1: not having access to the ballot. Well, those claims sort 318 00:18:19,200 --> 00:18:23,119 Speaker 1: of die away. Once the ballot has been cast, because 319 00:18:23,320 --> 00:18:25,520 Speaker 1: a court is not going to, you know, set everything 320 00:18:25,560 --> 00:18:30,160 Speaker 1: in reverse and and recount those votes because the president's 321 00:18:30,200 --> 00:18:33,000 Speaker 1: lawyer says, we were only allowed to be ten feet 322 00:18:33,000 --> 00:18:35,760 Speaker 1: away instead of six feet away. That was the big 323 00:18:36,160 --> 00:18:40,080 Speaker 1: quote victory that President Trump tweeted about that the campaign 324 00:18:40,080 --> 00:18:42,800 Speaker 1: had achieved in Pennsylvania, and that was that they got 325 00:18:42,880 --> 00:18:46,720 Speaker 1: to observe the vote a little bit closer. Uh. June, 326 00:18:46,760 --> 00:18:48,480 Speaker 1: I'm just wondering, and I'm not sure that you'd be 327 00:18:48,520 --> 00:18:50,359 Speaker 1: able to answer this, but let's just chew on this 328 00:18:50,440 --> 00:18:53,600 Speaker 1: for just a second. You mentioned Rudy Giuliani, who has 329 00:18:53,600 --> 00:18:56,240 Speaker 1: been advising the president, who seems really determined to move 330 00:18:56,280 --> 00:18:59,840 Speaker 1: forward with any court challenges, whereas the president also has 331 00:19:00,000 --> 00:19:03,200 Speaker 1: other legal advisors who have said publicly that this is over, 332 00:19:03,600 --> 00:19:05,880 Speaker 1: let's wrap it up and call it a day. Who 333 00:19:05,920 --> 00:19:09,000 Speaker 1: would have the president's ear at this point. Who was 334 00:19:09,040 --> 00:19:12,360 Speaker 1: the president more likely to listen to or or take 335 00:19:12,400 --> 00:19:15,000 Speaker 1: the advice from. How is this going to play out? 336 00:19:15,400 --> 00:19:17,800 Speaker 1: That is a very difficult question to answer because I'd 337 00:19:17,800 --> 00:19:20,640 Speaker 1: have to be inside the president's But what I will 338 00:19:20,680 --> 00:19:24,120 Speaker 1: say is that it seems as if the president right 339 00:19:24,160 --> 00:19:26,600 Speaker 1: now is listening to the people who are saying, let's 340 00:19:26,680 --> 00:19:31,040 Speaker 1: pursue legal action, because from the Trump campaign that's really 341 00:19:31,080 --> 00:19:34,080 Speaker 1: all we've heard, and from the President's tweets that's what 342 00:19:34,119 --> 00:19:38,359 Speaker 1: we've heard, and from the President's son Eric as well 343 00:19:38,400 --> 00:19:42,000 Speaker 1: as his personal attorney Rudy Giuliani that they're going forward. 344 00:19:42,119 --> 00:19:46,280 Speaker 1: And just on Friday, the Republican National Committee was sending 345 00:19:46,440 --> 00:19:50,680 Speaker 1: legal teams to Michigan, Georgia, Nevada, and Pennsylvania. So it 346 00:19:50,720 --> 00:19:53,280 Speaker 1: looks like it will go on, even though I think 347 00:19:53,320 --> 00:19:56,600 Speaker 1: that any lawyer who was looking at the scenario would 348 00:19:56,600 --> 00:20:02,080 Speaker 1: tell the president that it's time to stop the lawsuits. Well, 349 00:20:02,080 --> 00:20:05,680 Speaker 1: we'll see how long it goes. Bloomberg Law host June Grosso, 350 00:20:06,200 --> 00:20:08,199 Speaker 1: thank you for this. Good having you on with us 351 00:20:08,240 --> 00:20:12,760 Speaker 1: on this special report for Bloomberg Daybreak. Just ahead, we'll 352 00:20:12,760 --> 00:20:16,160 Speaker 1: look at how President elected Biden got to victory and 353 00:20:16,440 --> 00:20:20,280 Speaker 1: the policy path ahead with Bloomberg Government reporter Greg Jarrou 354 00:20:20,720 --> 00:20:24,359 Speaker 1: and I own a college political science professor, Genie's a No. 355 00:20:24,560 --> 00:20:28,879 Speaker 1: I'm Nathan Hager, along with Amy Morris, and this is Bloomberg. 356 00:20:34,680 --> 00:20:39,280 Speaker 1: This is special coverage of the election from Bloomberg Radio. 357 00:20:39,480 --> 00:20:42,280 Speaker 1: This is a Bloomberg Radio special report bringing you the 358 00:20:42,359 --> 00:20:46,880 Speaker 1: very latest on the race. I'm Nathan Hager, I'm Amy Morris. Democrat. 359 00:20:46,960 --> 00:20:50,040 Speaker 1: Joe Biden has defeated President Donald Trump to become the 360 00:20:50,080 --> 00:20:53,000 Speaker 1: forty six president of the United States. We want to 361 00:20:53,040 --> 00:20:56,320 Speaker 1: bring in Greg Darron now he's our Bloomberg government reporter 362 00:20:56,400 --> 00:21:01,560 Speaker 1: covering Congress. And Jenniezno Bloomberg News contributor, political science professor 363 00:21:01,840 --> 00:21:05,119 Speaker 1: at Iona College. And Greg, let's just very quickly start 364 00:21:05,160 --> 00:21:09,360 Speaker 1: with you. Why now, why did they decide to call Pennsylvania? 365 00:21:09,400 --> 00:21:11,800 Speaker 1: What put Joe Biden over the top. Well, there's a 366 00:21:11,840 --> 00:21:18,880 Speaker 1: trancher votes early Saturday counted in Pennsylvania, specifically Philadelphia and Pittsburgh, 367 00:21:19,400 --> 00:21:23,400 Speaker 1: Democratic strongholds that gave Joe Biden the uh an advantage 368 00:21:23,440 --> 00:21:25,359 Speaker 1: in the in the vote total, gained a number of 369 00:21:25,400 --> 00:21:29,040 Speaker 1: votes in those two communities that basically made Biden's lead 370 00:21:29,080 --> 00:21:32,720 Speaker 1: in Pennsylvania large enough for Trump that Trump couldn't overcome. 371 00:21:32,840 --> 00:21:36,760 Speaker 1: All right, let's bring in Jennie's a know of Iona College. Obviously, Jennie, 372 00:21:37,160 --> 00:21:40,560 Speaker 1: the former vice president is over the top now, but 373 00:21:40,720 --> 00:21:44,520 Speaker 1: President Trump does not appear as though he's going to concede. 374 00:21:44,640 --> 00:21:48,560 Speaker 1: So what happens now, at least politically so the president 375 00:21:48,640 --> 00:21:51,080 Speaker 1: has indicated. President Trump said he is going to go 376 00:21:51,119 --> 00:21:54,760 Speaker 1: ahead with litigation and that he is not conceding this race. 377 00:21:55,000 --> 00:21:58,560 Speaker 1: That would be quite unprecedented, as no president in modern 378 00:21:58,640 --> 00:22:02,679 Speaker 1: American history has refused to concede a race, and in fact, 379 00:22:03,160 --> 00:22:05,919 Speaker 1: many of those concessions are you know, I was just 380 00:22:05,960 --> 00:22:08,840 Speaker 1: watching a taping of many of them, and they are 381 00:22:08,880 --> 00:22:14,120 Speaker 1: absolutely moving, very difficult moment for the individuals involved. President 382 00:22:14,119 --> 00:22:16,720 Speaker 1: Trump may, of course change his mind. I think we're 383 00:22:16,720 --> 00:22:21,879 Speaker 1: going to see some pressure increasingly from Republican leaders for 384 00:22:21,960 --> 00:22:25,600 Speaker 1: him to do that unless there is real solid evidence 385 00:22:25,640 --> 00:22:27,720 Speaker 1: that they can bring into court to show that the 386 00:22:27,800 --> 00:22:31,680 Speaker 1: election was stolen or that there was some kind of 387 00:22:32,040 --> 00:22:34,840 Speaker 1: problem at the polls, which would result in not just 388 00:22:34,960 --> 00:22:38,680 Speaker 1: a recount, but an overturning of these results. And need 389 00:22:38,760 --> 00:22:43,040 Speaker 1: to stress, very unprecedented in America, at the presidential levels 390 00:22:43,080 --> 00:22:46,320 Speaker 1: certainly and at other levels for a recount or this 391 00:22:46,400 --> 00:22:50,080 Speaker 1: type of litigation to result in overturning an election unless 392 00:22:50,119 --> 00:22:53,119 Speaker 1: the election is just within hundreds of votes, and at 393 00:22:53,200 --> 00:22:55,480 Speaker 1: least at this point, what we're seeing now is we're 394 00:22:55,480 --> 00:22:58,560 Speaker 1: talking thousands of votes in the states that are under question. 395 00:22:58,960 --> 00:23:02,720 Speaker 1: So I think we may the litigation. We don't expect 396 00:23:02,720 --> 00:23:04,520 Speaker 1: we're going to see a concession at this point, but 397 00:23:04,560 --> 00:23:06,399 Speaker 1: I think going forward there's going to be pressure for 398 00:23:06,560 --> 00:23:09,560 Speaker 1: President Trump to concede. And then, of course, on the 399 00:23:09,840 --> 00:23:12,639 Speaker 1: Vice President Elecs part, we're going to see him and 400 00:23:12,680 --> 00:23:14,920 Speaker 1: his team start to think about the all important issue 401 00:23:14,920 --> 00:23:18,480 Speaker 1: of transition and creating a cabinet. First on the agenda 402 00:23:18,560 --> 00:23:21,399 Speaker 1: is of course dealing with the issue of COVID, healthcare 403 00:23:21,480 --> 00:23:25,080 Speaker 1: and the economy that's been devastated by what's happened over 404 00:23:25,119 --> 00:23:27,480 Speaker 1: the last year. Jennie, I just wanted to ask you 405 00:23:27,520 --> 00:23:31,159 Speaker 1: about some of the historical perspective. You just addressed the 406 00:23:31,200 --> 00:23:37,520 Speaker 1: historical perspective of challenging this outcome. But let's remember President 407 00:23:37,560 --> 00:23:40,560 Speaker 1: Trump was the first president whoever had never run for 408 00:23:40,640 --> 00:23:44,119 Speaker 1: office before until running for president and then winning. Also, 409 00:23:44,200 --> 00:23:47,720 Speaker 1: we now have Vice President elect Kamala Harris, the first 410 00:23:47,760 --> 00:23:51,120 Speaker 1: black person, the first person of South Asian descent elected 411 00:23:51,160 --> 00:23:53,639 Speaker 1: to the office, also the first woman elected to that office, 412 00:23:54,160 --> 00:23:57,680 Speaker 1: and Joe Biden, I believe, maybe the oldest president ever 413 00:23:57,760 --> 00:24:00,200 Speaker 1: elected to office. If you could tie all of that 414 00:24:00,320 --> 00:24:02,800 Speaker 1: together and just tell us about the history that we 415 00:24:02,840 --> 00:24:07,560 Speaker 1: are witnessing as it unfolds, now, yeah, it's absolutely really 416 00:24:07,680 --> 00:24:10,560 Speaker 1: just an important point and I was going to say 417 00:24:10,600 --> 00:24:15,679 Speaker 1: also emotional for many people you mentioned, in particular Kamala Harris, 418 00:24:15,680 --> 00:24:18,280 Speaker 1: the first woman. You know, women have been waiting so 419 00:24:18,320 --> 00:24:20,520 Speaker 1: long to get in the upper echelons of leadership in 420 00:24:20,560 --> 00:24:23,800 Speaker 1: this country. She has broken the glass ceiling at you know, 421 00:24:23,920 --> 00:24:26,879 Speaker 1: one step away from the presidency. And she is an 422 00:24:26,920 --> 00:24:29,399 Speaker 1: Africa woman of African a woman of Asian descent, I 423 00:24:29,440 --> 00:24:32,679 Speaker 1: should say, in an African American woman. So this is 424 00:24:32,760 --> 00:24:35,920 Speaker 1: you know, historic by you know, all of those marks 425 00:24:35,960 --> 00:24:39,280 Speaker 1: you mentioned. Vice President Joe Biden the first person since 426 00:24:39,400 --> 00:24:43,200 Speaker 1: Ronald Reagan to run for president unsuccessfully as many times 427 00:24:43,200 --> 00:24:45,440 Speaker 1: as he did, and then to win as he has 428 00:24:45,880 --> 00:24:49,680 Speaker 1: at this point being being president elect, So that is historic. 429 00:24:49,840 --> 00:24:52,320 Speaker 1: His age is historic. And of course we're in the 430 00:24:52,359 --> 00:24:55,159 Speaker 1: midst of a pandemic, and we've also seen on the 431 00:24:55,200 --> 00:24:58,840 Speaker 1: part of the American voter historic turnout. So you know, 432 00:24:58,960 --> 00:25:01,440 Speaker 1: there's just so much history being made here. I think 433 00:25:01,480 --> 00:25:03,600 Speaker 1: it's important that we all take a step back and 434 00:25:03,680 --> 00:25:07,160 Speaker 1: think about this. And I think that you know, depending 435 00:25:07,240 --> 00:25:11,639 Speaker 1: on what happens in terms of a potential concession from Trump, um, 436 00:25:11,760 --> 00:25:14,720 Speaker 1: we also are seeing you know, a really uphill battle 437 00:25:14,800 --> 00:25:17,720 Speaker 1: for president elected Biden as he begins to make good 438 00:25:17,720 --> 00:25:20,960 Speaker 1: on this promise about bringing the American people together after 439 00:25:21,000 --> 00:25:24,760 Speaker 1: a really, really tough campaign, and we have to remember that, 440 00:25:24,840 --> 00:25:26,879 Speaker 1: you know, half of the people who voted are almost 441 00:25:26,920 --> 00:25:29,080 Speaker 1: half of the people who voted. This is not the 442 00:25:29,119 --> 00:25:32,240 Speaker 1: outcome that they wanted. And so we may also see 443 00:25:32,320 --> 00:25:35,520 Speaker 1: some protests. Hopefully we don't see any violence, but that 444 00:25:35,680 --> 00:25:38,240 Speaker 1: is also, you know, not something we commonly see after 445 00:25:38,280 --> 00:25:41,680 Speaker 1: a presidential election. And Greg Guro of Bloomberg Government talk 446 00:25:41,720 --> 00:25:45,280 Speaker 1: a little bit more about how difficult it could be 447 00:25:45,480 --> 00:25:50,920 Speaker 1: to bind the nation's wounds together from a policy perspective, 448 00:25:51,200 --> 00:25:55,720 Speaker 1: given that we are likely to see a continue divided 449 00:25:55,880 --> 00:26:00,280 Speaker 1: government in this country if Republicans, as it seems to 450 00:26:00,320 --> 00:26:04,720 Speaker 1: be indicating right now, continue to hold onto the Senate. Yeah, 451 00:26:04,760 --> 00:26:07,040 Speaker 1: that's right. I mean, Joe Biden won a clear victory 452 00:26:07,040 --> 00:26:10,160 Speaker 1: in the presidential election, but more than seventy million people 453 00:26:10,160 --> 00:26:12,320 Speaker 1: will have voted to re elect Donald Trump, and so 454 00:26:12,600 --> 00:26:15,000 Speaker 1: Biden is trying to forge unity in togetherness in the 455 00:26:15,040 --> 00:26:16,800 Speaker 1: country because there were a lot of people who did 456 00:26:16,800 --> 00:26:19,960 Speaker 1: not vote for him as president and he will be 457 00:26:20,240 --> 00:26:23,720 Speaker 1: serving as president. And Kamala Harris as Vice president with 458 00:26:23,840 --> 00:26:26,240 Speaker 1: a Senate that more likely than not will be controlled 459 00:26:26,280 --> 00:26:29,040 Speaker 1: by the Republicans. At the moment, the Republicans have the 460 00:26:29,040 --> 00:26:32,160 Speaker 1: advantage in fifty seats and the Democrats and forty eight. 461 00:26:32,200 --> 00:26:35,040 Speaker 1: And the only way that Democrats can forge a fifty 462 00:26:35,119 --> 00:26:38,440 Speaker 1: fifty tis if they win a pair of Senate runoffs 463 00:26:38,440 --> 00:26:41,760 Speaker 1: in Georgia in January, defeating two Republican incumbents, and that 464 00:26:41,800 --> 00:26:45,520 Speaker 1: would make Chuck Schumer majority leader in a fifty fifty Senate. 465 00:26:46,040 --> 00:26:48,480 Speaker 1: But the Republicans could control the Senate with fifty one 466 00:26:48,760 --> 00:26:51,159 Speaker 1: or fifty two seats. But whatever the number is, it's 467 00:26:51,160 --> 00:26:54,119 Speaker 1: going to be very difficult for Biden to get a 468 00:26:54,160 --> 00:26:57,840 Speaker 1: lot of his sweeping progressive legislation enacted because in the 469 00:26:57,880 --> 00:27:01,160 Speaker 1: Senate you often need sixty votes to advance a lot 470 00:27:01,160 --> 00:27:04,280 Speaker 1: of the signature legislation. And in the House, the Democrats 471 00:27:04,280 --> 00:27:06,119 Speaker 1: still hold the House, and that's a plus for Biden, 472 00:27:06,400 --> 00:27:09,239 Speaker 1: but it's with the reduced majority, and so it's not 473 00:27:09,280 --> 00:27:13,720 Speaker 1: going to be easy to get big legislation through a 474 00:27:13,760 --> 00:27:17,439 Speaker 1: Democratic controlled House. Senate that will probably be controlled by 475 00:27:17,480 --> 00:27:20,360 Speaker 1: the Republicans but very closely divided, and be signed into 476 00:27:20,440 --> 00:27:23,879 Speaker 1: law by a Democratic president. And we are talking with 477 00:27:23,920 --> 00:27:27,640 Speaker 1: Greg durow, Our Bloomberg government reporter covering Congress, and Jennie Zanno, 478 00:27:27,680 --> 00:27:32,600 Speaker 1: Bloomberg News contributor and political science professor at Iona College. Greg, 479 00:27:32,600 --> 00:27:36,359 Speaker 1: just to follow up with you, what happens next? It's over, 480 00:27:36,440 --> 00:27:39,399 Speaker 1: but it's not over because the states still have to 481 00:27:39,440 --> 00:27:42,920 Speaker 1: certify the vote counts. Right, what's the process next? Yeah, 482 00:27:42,920 --> 00:27:46,080 Speaker 1: So the state certification processes are kind of vary by 483 00:27:46,080 --> 00:27:48,840 Speaker 1: the jurisdiction. You know that. I think Trump has asked 484 00:27:48,880 --> 00:27:51,080 Speaker 1: for a recount in Wisconsin where the lead is about 485 00:27:51,080 --> 00:27:54,240 Speaker 1: twenty votes, and you know, you can ask for recounts 486 00:27:54,240 --> 00:27:56,399 Speaker 1: if the margin depends on the margin in the state 487 00:27:56,560 --> 00:28:00,000 Speaker 1: and under state law. But um, as Jennie mentioned, um, 488 00:28:00,520 --> 00:28:03,919 Speaker 1: the recounts rarely reverse the outcomes of elections. Maybe, if 489 00:28:03,920 --> 00:28:06,080 Speaker 1: the vote was the margin was two hundred votes or 490 00:28:06,080 --> 00:28:09,080 Speaker 1: two thousand, you'd look at a recount process closely. But 491 00:28:09,200 --> 00:28:12,119 Speaker 1: when we're talking about twenty votes or by half a 492 00:28:12,160 --> 00:28:15,480 Speaker 1: percentage point or percentage point, recounts do not reverse that. So, 493 00:28:16,000 --> 00:28:20,200 Speaker 1: you know, the the certification process will basically basically confirm 494 00:28:20,240 --> 00:28:22,200 Speaker 1: what we know now about the totals and people they'll 495 00:28:22,240 --> 00:28:26,200 Speaker 1: finalize the totals. It will increase the vote numbers, and once, 496 00:28:26,320 --> 00:28:29,280 Speaker 1: once we get a complete count of votes, will definitely 497 00:28:29,400 --> 00:28:32,760 Speaker 1: confirm that this was the largest turnout we're all turnout 498 00:28:32,760 --> 00:28:34,840 Speaker 1: in the history of presidential elections. And with the kind 499 00:28:34,840 --> 00:28:37,880 Speaker 1: of turnout that we've seen, Genie's a know of Iona College, 500 00:28:37,920 --> 00:28:42,480 Speaker 1: what kind of mandate does that give to President elect 501 00:28:42,520 --> 00:28:45,720 Speaker 1: Biden to pursue the agenda that he ran on. He 502 00:28:45,880 --> 00:28:48,920 Speaker 1: don't have a mandate, and we we expect that then 503 00:28:49,040 --> 00:28:51,840 Speaker 1: actually his his vote totals may increase a bit from 504 00:28:51,840 --> 00:28:55,520 Speaker 1: what we're seeing now, but again can't forget that, you know, 505 00:28:56,080 --> 00:29:00,600 Speaker 1: President Trump also had historically large support as well. So 506 00:29:01,360 --> 00:29:04,560 Speaker 1: the President elect Biden goes into this the highest vote 507 00:29:04,600 --> 00:29:07,600 Speaker 1: getter of any presidential Canada in history, and President Trump 508 00:29:07,680 --> 00:29:11,680 Speaker 1: gets number two on that. So that is something to 509 00:29:11,760 --> 00:29:14,160 Speaker 1: keep in mind in terms of how divided we are. 510 00:29:14,560 --> 00:29:17,080 Speaker 1: And as much as Biden is going to claim a mandate, 511 00:29:17,560 --> 00:29:21,280 Speaker 1: um it is something he's going to happen negotiate. Then also, 512 00:29:21,360 --> 00:29:24,680 Speaker 1: you have a divided American public. So his number one 513 00:29:24,760 --> 00:29:26,480 Speaker 1: task is going to be to make good on this 514 00:29:26,640 --> 00:29:30,800 Speaker 1: campaign promise, to bring the American public together, to try 515 00:29:30,840 --> 00:29:34,280 Speaker 1: to pursue so many important policies he has in his 516 00:29:34,320 --> 00:29:38,280 Speaker 1: agenda Number one being COVID, dealing with that in terms 517 00:29:38,320 --> 00:29:41,360 Speaker 1: of getting a stimulus package through which is very important 518 00:29:41,400 --> 00:29:45,400 Speaker 1: to him, re establishing the economy, and figuring out what 519 00:29:45,560 --> 00:29:48,120 Speaker 1: he can do to negotiate with Republicans in the Senate 520 00:29:48,480 --> 00:29:52,200 Speaker 1: on things he promised, whether we're talking about tax restructuring, 521 00:29:52,200 --> 00:29:55,960 Speaker 1: which he talked a awful awful lot, about healthcare reform, 522 00:29:56,200 --> 00:29:59,080 Speaker 1: or things like infrastructure, which I suspect will have more 523 00:29:59,160 --> 00:30:01,200 Speaker 1: luck getting an agree amen on out of Congress. And 524 00:30:01,280 --> 00:30:04,480 Speaker 1: Je last question just wanted to ask about what happens 525 00:30:04,520 --> 00:30:07,320 Speaker 1: next as far as President Trump is concerned. He would 526 00:30:07,320 --> 00:30:11,440 Speaker 1: be the outgoing president, presumably with Joe Biden as the 527 00:30:11,440 --> 00:30:15,680 Speaker 1: new president elect. But what if the president does decides 528 00:30:15,800 --> 00:30:17,720 Speaker 1: he does not want to concede, which is what it 529 00:30:17,760 --> 00:30:22,680 Speaker 1: sounds like right now. Yes, certainly what we're hearing. And again, 530 00:30:23,040 --> 00:30:25,880 Speaker 1: you know, unprecedented in the modern era. We've never had 531 00:30:25,920 --> 00:30:29,440 Speaker 1: a presidential candidate in the moderate era refused to concede 532 00:30:29,880 --> 00:30:33,240 Speaker 1: concessions or something. You know, we've had a peaceful transfer 533 00:30:33,240 --> 00:30:36,640 Speaker 1: of power since eight hundred of bitterly contested election in 534 00:30:36,640 --> 00:30:40,280 Speaker 1: this country, the first in history where you had a 535 00:30:40,560 --> 00:30:43,080 Speaker 1: transition from one party to another, and it was of 536 00:30:43,080 --> 00:30:47,240 Speaker 1: course peaceful concessions then later became part of sort of 537 00:30:47,280 --> 00:30:49,600 Speaker 1: the way that we do things in the United States, 538 00:30:49,600 --> 00:30:52,840 Speaker 1: and we've never had somebody lose and not concede. But 539 00:30:52,960 --> 00:30:56,320 Speaker 1: we need to keep in mind concession isn't required. President 540 00:30:56,320 --> 00:30:59,000 Speaker 1: Trump does not need to make that phone call. He 541 00:30:59,080 --> 00:31:01,680 Speaker 1: does not need to graduate Joe Biden in order for 542 00:31:01,760 --> 00:31:05,400 Speaker 1: Joe Biden to be president. But it would be unpresident 543 00:31:05,560 --> 00:31:08,440 Speaker 1: if he didn't. And I would just say, in history, 544 00:31:08,520 --> 00:31:11,760 Speaker 1: we have had candidates who are not you know what 545 00:31:11,800 --> 00:31:15,120 Speaker 1: we would call gracious losers. You know, people like Charles 546 00:31:15,120 --> 00:31:19,520 Speaker 1: Evans Hughes, people like Thomas Dewey, very goldwater. They have 547 00:31:19,600 --> 00:31:23,440 Speaker 1: not been as sort of graceful in their concessions and 548 00:31:23,480 --> 00:31:26,040 Speaker 1: in their acceptance of the reality. Thank you for this. 549 00:31:26,160 --> 00:31:29,360 Speaker 1: Genie's a no Bloomberg News contributor and I own a 550 00:31:29,360 --> 00:31:32,640 Speaker 1: college political science professor. Our thanks as well to Bloomberg 551 00:31:32,720 --> 00:31:37,240 Speaker 1: government reporter Greg Arrow covering Congress for us so admirably 552 00:31:37,680 --> 00:31:41,680 Speaker 1: in these months of watching this campaign, and you have 553 00:31:41,800 --> 00:31:45,240 Speaker 1: been listening to a Bloomberg day Break special report. Stay 554 00:31:45,280 --> 00:31:48,200 Speaker 1: with us through the weekend, and again, first thing, Monday morning, 555 00:31:48,200 --> 00:31:51,400 Speaker 1: as we continue to track what's happening with the election, 556 00:31:51,480 --> 00:31:55,000 Speaker 1: the legal battles that have been promised, as well as 557 00:31:55,040 --> 00:31:57,920 Speaker 1: the path ahead for White House policy for a president 558 00:31:58,000 --> 00:32:00,880 Speaker 1: elect Joe Biden. I'm Nathan hey Girl along with Amy 559 00:32:00,960 --> 00:32:07,440 Speaker 1: Morris and this is bloomerm