Speaker 1: We have no doubt that when the count is finished,
Speaker 1: Senator Harris and I will be declared the winners. We
Speaker 1: think there's going to be a lot of litigation because
Speaker 1: we have so much evidence, so much proof. I ask
Speaker 1: everyone to stay calm. The process is working. It's going
Speaker 1: to end up perhaps at the highest court in the land.
Speaker 1: This is special coverage of the twenty twenty election from
Speaker 1: Bloomberg Radio. This is a Bloomberg Radio special report bringing
Speaker 1: you the very latest on the twenty election. I'm Nathan
Speaker 1: Hagar him maybe Morris. The accounting continues, but the election
Speaker 1: is over. Joe Biden is now the president elect. Let's
Speaker 1: bring in Emily Wilkins. Now. Emily is Bloomberg government reporter
Speaker 1: who's been with the Biden campaign in Wilmington, Delaware. Emily,
Speaker 1: want to thank you for taking the time with this um.
Speaker 1: Just first of all, set the scene for us. What
Speaker 1: is going on at the Biden campaign headquarters in Delaware.
Speaker 1: So we're it's a different bit of a campaign because
Speaker 1: everyone is socially distanced. It's a really positive atmosphere both
Speaker 1: out here and inside the hotel where Biden campaign offers
Speaker 1: are finally being able to celebrate the fact that Biden
Speaker 1: will be the forties six president of the United States,
Speaker 1: I've gotta think, Emily, there's not just a feeling of
Speaker 1: celebration on the part of the Biden team, but relief
Speaker 1: that they've finally gotten to that electoral College count that
Speaker 1: guarantees them the presidency and the vice presidency. Here what
Speaker 1: about that? I mean, the Biden campaign has had this
Speaker 1: very narrow line to walk in disregard. On one hand,
Speaker 1: they wanted to project compidence that Biden would be the
Speaker 1: next president even before the race was called. However, because
Speaker 1: Biden has spent the last several weeks warning Americans that
Speaker 1: if Trump tried to call the race early that that
Speaker 1: wouldn't be valid, he also put himself in a position
Speaker 1: where he could not declare himself the winner. And so
Speaker 1: Biden has had this very, very very careful message of
Speaker 1: sort of everyone needs to wait, but we're up domestic.
Speaker 1: So I think the Biden campaign has just sort of
Speaker 1: slowly started to embrace us, and with the APIs call
Speaker 1: not only for Pennsylvania but also for Nazada, they can
Speaker 1: now say with confidence that Biden is going to be
Speaker 1: the next president and they're going to go forward Emily.
Speaker 1: What is the work ahead? The Vice President elect Kamala
Speaker 1: Harris is tweeting that there's a lot of work ahead
Speaker 1: for them to do. What's that gonna look like? When
Speaker 1: does that begin? What do they start with? Oh, it
Speaker 1: has already begun. Biden has been working on this transition
Speaker 1: team for months. Uh. The other day, both he and
Speaker 1: Harris were briefs on both the state of the economy
Speaker 1: and the state of COVID nineteen in America. I mean, look,
Speaker 1: we're having a giant biking cases right now of COVID
Speaker 1: that we're seen. We still have unemployment far down from
Speaker 1: where it was at the beginning of the year. There's
Speaker 1: a lot of work to be done here. And perhaps
Speaker 1: the most challenging thing is that Biden has promised again
Speaker 1: and again that he will be unite the country. But
Speaker 1: this has been ammenseally decisive election. We have seen an
Speaker 1: America that once again came out and we saw Donald
Speaker 1: Trump once again very similar numbers and very similar percentage
Speaker 1: to what we saw in and we're creaking a bit
Speaker 1: of further division. If Trump continues to push and saying
Speaker 1: that this was a fraudulent election and deny the results
Speaker 1: of it, and so I think one of the big
Speaker 1: things that finding is going to have to do is
Speaker 1: really find a way to start uniting Americans. Is it
Speaker 1: going to be made that much more difficult, though, emily
Speaker 1: by the fact that at this point it does seem
Speaker 1: as though President Trump is not ready to concede. Shortly
Speaker 1: after the calls were made by the major media organizations,
Speaker 1: the President came out and said this election is far
Speaker 1: from over. He's promising to begin legal proceedings as soon
Speaker 1: as Monday. It probably does make it a little more
Speaker 1: difficult for the fighting campaign, but I'm thinking that the
Speaker 1: fighting campaign. I don't think that the course of direction
Speaker 1: board is going to be determined by whether or not
Speaker 1: Trump and the election. I think that's going to be
Speaker 1: more of affection for those within the Republican Party senator, lawmakers,
Speaker 1: top official on whether they want to continue Trump's message
Speaker 1: that's the election legitimate, or if they want to begin
Speaker 1: to accept the results as we've seen them called. We're
Speaker 1: also looking ahead to see how the president elect is
Speaker 1: going to be able to work with what appears to
Speaker 1: be a Republican held Senate. Uh, is there any optimism
Speaker 1: that they'll be able to you know, cross those party
Speaker 1: lines and be able to sit down together and get
Speaker 1: things done, not just be all grid luck all the time. Obviously,
Speaker 1: Joe Biden would probably rather be working with Senate Majority
Speaker 1: Leader Chuck Schumer instead of Senate Majority Leader Mitch McConnell.
Speaker 1: Biden was in the Senate for a number of years,
Speaker 1: he has worked with these Republican lawmakers before. He has
Speaker 1: worked with McConnell before. I mean he and McCombe do
Speaker 1: have a relationship that transcends the work one a little bit.
Speaker 1: McConnell was one of the few Republican senators to come
Speaker 1: to the funeral of bo Biden, and so he and
Speaker 1: McConnell do have the sort of repertoire that we might
Speaker 1: not have necessarily seen between Shay McConnell and Barack Obama.
Speaker 1: So there is a sense that Biden might be able
Speaker 1: to work with a Republican Senate and a House where
Speaker 1: the Democratic majority has shrunk. It does mean that a
Speaker 1: lot of the big picture plans that he might have
Speaker 1: been hoping to pass, big things on Texas, big things
Speaker 1: on healthcare, those might have to be scaled back because
Speaker 1: they're going to have to pass in either a Republican
Speaker 1: Health Senate or a fifty fifty Senate. Are you starting
Speaker 1: to see, Emily, any tailoring of expectations in terms of
Speaker 1: the kinds of policy proposals that a Biden presidency could
Speaker 1: pursue with the kind of government it's going to be
Speaker 1: facing come January. Just an extent, yes, I think everyone
Speaker 1: realizes that Democrats are only going to be holding two
Speaker 1: of these chambers, uh, and that Republicans are still either
Speaker 1: going to hold the Senate or have a very strong
Speaker 1: way in the Senate if it is divided. And so
Speaker 1: I think everyone does realize to a certain extent that, yes,
Speaker 1: things are going to have to be different than what
Speaker 1: they might have been if Democrats for going in with
Speaker 1: the White House. Thank you for this, Emily. That's a
Speaker 1: Bloomberg government reporter. Emily Wilkins with us from Biden campaign
Speaker 1: headquarters in Wilmington, Delaware. Straight ahead on this Bloomberg Daybreak
Speaker 1: special report, we'll look at the path ahead for policy
Speaker 1: for a president elected Biden. Terry Hayes, founder of Pangaea Policy,
Speaker 1: joins us. Next. I'm Nathan Hager along with Amy Morris,
Speaker 1: and this is Bloomberg. This is special coverage of the
Speaker 1: election from Bloomberg Radio. This is a Bloomberg Radio special
Speaker 1: report bringing you the very latest on the race. I'm
Speaker 1: Nathan Hager, I'm Amy Morris. Some counting does continue, but
Speaker 1: we can tell you Democrat Joe Biden has defeated President Trump.
Speaker 1: Biden will become the forty six president of the United States.
Speaker 1: We want to bring in now Terry Haynes, the founder
Speaker 1: of Panji a policy. Terry, it is always a pleasure
Speaker 1: to talk to you. Thank you for taking the time
Speaker 1: with us, um and we do want to let our
Speaker 1: audience know that President Trump continues to challenge this vote count.
Speaker 1: He continues with his court challenges. Terry. What's the likelihood
Speaker 1: that the president is going to get very far with this?
Speaker 1: Thank you, Amy and Nathan. I think that at the
Speaker 1: end of the day, Biden wins after all the challenges
Speaker 1: and Trump does not. There are you know, there's six
Speaker 1: states that still matter. Uh at Pennsylvania, Arizona, North Carolina, Georgia, Wisconsin, Nevada. Uh,
Speaker 1: there are a variety of challenges there. I could bore
Speaker 1: you with details on them, and I will if you'd like,
Speaker 1: But uh, at Root, Uh, you know, even if even
Speaker 1: if all those challenges went Trump's way, I think that
Speaker 1: he still loses Nevada. Let's look ahead to what policy
Speaker 1: could be looking like going forward with a President Biden.
Speaker 1: What do you see being accomplished in the lame duck? Uh?
Speaker 1: Where the markets are looking for some kind of stimulus
Speaker 1: to come out before the end of this year. I
Speaker 1: think that the stimul us when it comes, will be
Speaker 1: in the one point five trillion to two trillion range. Uh.
Speaker 1: And I'll tell you why I think that. Uh. Fundamentally,
Speaker 1: a lot of analysts uh completely missed the idea that
Speaker 1: are completely missed the how receptive Republicans are to having
Speaker 1: a stimulus. They think the position is that of there
Speaker 1: are the current Republican Senate, which is about half a
Speaker 1: trillion dollars. But that was a conversation starter, you know,
Speaker 1: to get the get the Senate in the game more
Speaker 1: than anything else. Uh. The sweet spot here, both politically
Speaker 1: and for in terms of the economy is one and
Speaker 1: a half to two trillion dollars. That's kind of where
Speaker 1: everybody was coalescing around. But before the election, there was
Speaker 1: really no really no political consensus around the need to
Speaker 1: get something done, and there's no economic consensus that you know,
Speaker 1: something absolutely needed to happen after the elections. I don't
Speaker 1: think it happens immediately after the elections. I think it
Speaker 1: waits since Ole Uh, the President Biden comes in. The
Speaker 1: reasons that very simply is that there is a there
Speaker 1: now they're likely to runoffs in Georgia for the Senate
Speaker 1: that will determine whether or not the Senate is Republican
Speaker 1: majority or Democratic majority. Now I think it's likely to
Speaker 1: continue to be Republican majority, but it's not out of
Speaker 1: the question that the Democrats take both of those seats.
Speaker 1: So the politics don't yet coalesce around doing something serious
Speaker 1: about stimulus before uh, the end of January beginning of February.
Speaker 1: And the only thing frankly that could change that would
Speaker 1: be if the economy takes some kind of steep dive
Speaker 1: similar to that which happened in March. Uh. Absolutely, you know,
Speaker 1: not out of the question, but nobody thinks that's going
Speaker 1: to happen right now, so I think you don't see
Speaker 1: it until February. Do you see the GOP driving hard
Speaker 1: bargains assuming that it is a Republican majority Senate that
Speaker 1: would be dealing with a Biden White House. Yeah, I
Speaker 1: see them driving hard bargains across the across the board. Amy. Uh.
Speaker 1: What I see out of a Biden presidency really is
Speaker 1: is three market positives. One is that uh, there's general generally,
Speaker 1: there's fiscal stability. Uh. Secondly, the you know again that
Speaker 1: you have a code next COVID relief package and then
Speaker 1: one and a half to two trillion range, something that
Speaker 1: the economy will respond very positively too. And Thirdly, they
Speaker 1: get no rollback of UH policies that the markets really
Speaker 1: liked during during the sort of the Trump slash Senate
Speaker 1: Republican coalition presidency. So tax bill isn't get rolled back,
Speaker 1: regulations don't get reimposed fully, all that sort of thing,
Speaker 1: but you don't really get anything else. It's I think
Speaker 1: it's always a misnomber to think that that there's two
Speaker 1: political parties involved here, when in fact there's four coalitions.
Speaker 1: UH coalitions are left to right, Democratic Progressives, Democratic centrists,
Speaker 1: Republicans centrists, and Republican conservatives. They assembled differently this time,
Speaker 1: how they assemble in the assembled differently in the administration
Speaker 1: and the Trump administration. Now in the Biden administration, I
Speaker 1: think what you get is a situation where uh, Biden
Speaker 1: has atacked to the center, because if he doesn't, he's
Speaker 1: not going to get any cabinet appointees. Republican Senate won't
Speaker 1: confirm anybody that's a sort of a left progressive. So,
Speaker 1: to use a an easy example, you don't get Elizabeth
Speaker 1: war and a treasure, even if she wanted it, even
Speaker 1: if Biden wanted it. You don't get that because Republican
Speaker 1: Senate would never confirm her. Uh So that's gonna the
Speaker 1: Republican Senate has a great deal to say about how
Speaker 1: Biden conducts his presidency. But as we all know that,
Speaker 1: Biden has another problem, which is the challenge from the left.
Speaker 1: There's already some progressives who are already starting to say,
Speaker 1: you know, it's time to start the opposing a Biden presidency.
Speaker 1: Uh you know, it's uh amazing how quickly these things move.
Speaker 1: But they want to start being frustrated with Biden for
Speaker 1: his inability to to do everything that they want, even
Speaker 1: though Biden has no political ability in a practical sense
Speaker 1: to achieve any of those things where he'd want it.
Speaker 1: Uh So, what you've got is you've got a very
Speaker 1: splendord Democratic Party. Uh Pelosi will not be able to
Speaker 1: exercise any influence on her own coalition, because she's effectively
Speaker 1: a lame duck, this being her last term as Speaker,
Speaker 1: as already agreed to when she became Speaker this time now,
Speaker 1: and so there won't be any ability for this is
Speaker 1: Pelosi to exercise any discipline on our own House members.
Speaker 1: President ELEC. Biden now has to deal with a very
Speaker 1: fractured party of his own, as well as a Republican
Speaker 1: Senate and a Republican party generally that has absolutely no
Speaker 1: interest in helping him move anything else along other than
Speaker 1: the three basics that I already mentioned. But even before
Speaker 1: there's this issue of appeasing all these factions within the
Speaker 1: parties themselves. You have to think, Terry, that the overwhelming
Speaker 1: focus of a Biden presidency, at least in the short
Speaker 1: term even then the medium term is going to be
Speaker 1: dealing with the coronavirus pandemic, and a Biden presidency is
Speaker 1: going to be addressing this a lot differently than the
Speaker 1: Trump administration has. I think they do to some extent,
Speaker 1: but the Biden is going to have to proceed very
Speaker 1: carefully and very cautiously. I think, you know, the people
Speaker 1: have lived with this for the better part of a
Speaker 1: year now. Uh, and their own opinions. I mean, I'm
Speaker 1: just talking about general citizens. What people in Washington are
Speaker 1: now calling normis right, normal people, I'm saying, and uh,
Speaker 1: you know, normal people are going to have to deal
Speaker 1: with or have been dealing with this for quite a while.
Speaker 1: And you know, they have their own opinions starting to
Speaker 1: be baked in. And you know, if if Biden goes
Speaker 1: whole hog on, say a mask mandate, for example, uh,
Speaker 1: you know, there's a whole slew of legal and practical
Speaker 1: issues about whether he could do that, but let's still
Speaker 1: let's say that that's where they want to start anyway. Um,
Speaker 1: you know it's gonna send a very bad signal to
Speaker 1: a lot of people in this country who think that
Speaker 1: that's overkill. Thank you for this, Terry, great having you
Speaker 1: with us once again. That's Terry Haines, founder of Pangea
Speaker 1: Policy and coming up next on this Bloomberg Daybreak special report,
Speaker 1: President Trump is vowing to fight the election result in court.
Speaker 1: Does he have a legal path? Bloomberg Law host June
Speaker 1: Grasso joins me and Amy Morris. Next. This is Bloomberg.
Speaker 1: This is special coverage of the election from Bloomberg Radio.
Speaker 1: This is a Bloomberg Radio special report bringing you the
Speaker 1: very latest on the race. I'm Nathan Hager. I'm Amy Morris.
Speaker 1: Democrat Joe Biden has defeated President Donald Trump to become
Speaker 1: the forty six president of the United States, even though
Speaker 1: President Trump says the race is not over. Let's bring
Speaker 1: in June Grosso now. She is the host of Bloomberg
Speaker 1: Law and our resident legal expert. June, I want to
Speaker 1: thank you for taking the time of this and maybe
Speaker 1: bring us up to speed on the court cases that
Speaker 1: may be coming up. President Trump says this race is
Speaker 1: not over. What recourse does he have now, Well, that's
Speaker 1: the big question, Amy, And we've seen lawsuits filed in Michigan, Georgia, Nevada,
Speaker 1: and Pennsylvania. And most of these lawsuits are about the
Speaker 1: counting of the ballots and whether or not the Republican
Speaker 1: campaign was given the ability to observe what was happening.
Speaker 1: And lawsuits have been dismissed in Michigan, Georgia, Nevada, and
Speaker 1: Pennsylvania over these various questions. It's unclear what else President
Speaker 1: Trump would be contesting. And you also have to remember
Speaker 1: that even if he contest these votes. This will be
Speaker 1: taken place after those votes were counted, and it becomes
Speaker 1: much harder for a court to step in and say,
Speaker 1: we're going to discount the votes that these people cast
Speaker 1: using the friend chise. They cast them in reliance on
Speaker 1: the rules of the state and county, and we're now
Speaker 1: going to step in and say they're not valid. That's
Speaker 1: a really high bar for any court, and it's really
Speaker 1: unlikely in my mind that President Trump would be able
Speaker 1: to do that, and apparently some of his own legal advisors,
Speaker 1: according to the Wall Street Journal, the White House Council
Speaker 1: on Thursday night, told the President that a legal campaign
Speaker 1: had little chance, no hope actually of overturning Biden's lead.
Speaker 1: So I have no idea where they would go with that.
Speaker 1: The President has said that legal votes, if they were counted,
Speaker 1: he would easily win. If you count illegal votes as
Speaker 1: he characterizes that, uh, they would steal the election. Is
Speaker 1: how the president has characterized And what does he mean
Speaker 1: from your estimation by illegal votes? I think he needs
Speaker 1: votes that are fraudulent in some way. However, every vote
Speaker 1: that's cast is a legal vote until it's proven that
Speaker 1: it's an illegal vote. So what happens is if there's
Speaker 1: a vote, and there are observers from both campaigns, and
Speaker 1: if there's a vote that one campaign says, let's say
Speaker 1: it's the Trump campaign says, this vote, it doesn't look
Speaker 1: like the signature matches, or this vote didn't match the
Speaker 1: requirements in some way. Then they go before a judge
Speaker 1: who looks at the vote and says, well, let me
Speaker 1: see what I think about this vote. So this would
Speaker 1: have to be done on almost on a vote by
Speaker 1: vote basis, ballot by ballot, And in all the cases
Speaker 1: that we've seen so far, the judges have found that
Speaker 1: there has been no evidence at all brought by the
Speaker 1: Trump campaign to show that these votes, that any votes
Speaker 1: are illegal. Not one vote has been declared illegal in
Speaker 1: these big in these big cases. And another thing is
Speaker 1: that most of these lawsuits, the challenge has been to
Speaker 1: the observation by the Trump campaign, in other words, how
Speaker 1: far away they're able to observe the ballots. In fact,
Speaker 1: when Rudy Giuliani, President Trump's personal lawyer, was was talking
Speaker 1: about more lawsuits in Pennsylvania on Saturday, he talked about
Speaker 1: not having access to the ballot. Well, those claims sort
Speaker 1: of die away. Once the ballot has been cast, because
Speaker 1: a court is not going to, you know, set everything
Speaker 1: in reverse and and recount those votes because the president's
Speaker 1: lawyer says, we were only allowed to be ten feet
Speaker 1: away instead of six feet away. That was the big
Speaker 1: quote victory that President Trump tweeted about that the campaign
Speaker 1: had achieved in Pennsylvania, and that was that they got
Speaker 1: to observe the vote a little bit closer. Uh. June,
Speaker 1: I'm just wondering, and I'm not sure that you'd be
Speaker 1: able to answer this, but let's just chew on this
Speaker 1: for just a second. You mentioned Rudy Giuliani, who has
Speaker 1: been advising the president, who seems really determined to move
Speaker 1: forward with any court challenges, whereas the president also has
Speaker 1: other legal advisors who have said publicly that this is over,
Speaker 1: let's wrap it up and call it a day. Who
Speaker 1: would have the president's ear at this point. Who was
Speaker 1: the president more likely to listen to or or take
Speaker 1: the advice from. How is this going to play out?
Speaker 1: That is a very difficult question to answer because I'd
Speaker 1: have to be inside the president's But what I will
Speaker 1: say is that it seems as if the president right
Speaker 1: now is listening to the people who are saying, let's
Speaker 1: pursue legal action, because from the Trump campaign that's really
Speaker 1: all we've heard, and from the President's tweets that's what
Speaker 1: we've heard, and from the President's son Eric as well
Speaker 1: as his personal attorney Rudy Giuliani that they're going forward.
Speaker 1: And just on Friday, the Republican National Committee was sending
Speaker 1: legal teams to Michigan, Georgia, Nevada, and Pennsylvania. So it
Speaker 1: looks like it will go on, even though I think
Speaker 1: that any lawyer who was looking at the scenario would
Speaker 1: tell the president that it's time to stop the lawsuits. Well,
Speaker 1: we'll see how long it goes. Bloomberg Law host June Grosso,
Speaker 1: thank you for this. Good having you on with us
Speaker 1: on this special report for Bloomberg Daybreak. Just ahead, we'll
Speaker 1: look at how President elected Biden got to victory and
Speaker 1: the policy path ahead with Bloomberg Government reporter Greg Jarrou
Speaker 1: and I own a college political science professor, Genie's a No.
Speaker 1: I'm Nathan Hager, along with Amy Morris, and this is Bloomberg.
Speaker 1: This is special coverage of the election from Bloomberg Radio.
Speaker 1: This is a Bloomberg Radio special report bringing you the
Speaker 1: very latest on the race. I'm Nathan Hager, I'm Amy Morris. Democrat.
Speaker 1: Joe Biden has defeated President Donald Trump to become the
Speaker 1: forty six president of the United States. We want to
Speaker 1: bring in Greg Darron now he's our Bloomberg government reporter
Speaker 1: covering Congress. And Jenniezno Bloomberg News contributor, political science professor
Speaker 1: at Iona College. And Greg, let's just very quickly start
Speaker 1: with you. Why now, why did they decide to call Pennsylvania?
Speaker 1: What put Joe Biden over the top. Well, there's a
Speaker 1: trancher votes early Saturday counted in Pennsylvania, specifically Philadelphia and Pittsburgh,
Speaker 1: Democratic strongholds that gave Joe Biden the uh an advantage
Speaker 1: in the in the vote total, gained a number of
Speaker 1: votes in those two communities that basically made Biden's lead
Speaker 1: in Pennsylvania large enough for Trump that Trump couldn't overcome.
Speaker 1: All right, let's bring in Jennie's a know of Iona College. Obviously, Jennie,
Speaker 1: the former vice president is over the top now, but
Speaker 1: President Trump does not appear as though he's going to concede.
Speaker 1: So what happens now, at least politically so the president
Speaker 1: has indicated. President Trump said he is going to go
Speaker 1: ahead with litigation and that he is not conceding this race.
Speaker 1: That would be quite unprecedented, as no president in modern
Speaker 1: American history has refused to concede a race, and in fact,
Speaker 1: many of those concessions are you know, I was just
Speaker 1: watching a taping of many of them, and they are
Speaker 1: absolutely moving, very difficult moment for the individuals involved. President
Speaker 1: Trump may, of course change his mind. I think we're
Speaker 1: going to see some pressure increasingly from Republican leaders for
Speaker 1: him to do that unless there is real solid evidence
Speaker 1: that they can bring into court to show that the
Speaker 1: election was stolen or that there was some kind of
Speaker 1: problem at the polls, which would result in not just
Speaker 1: a recount, but an overturning of these results. And need
Speaker 1: to stress, very unprecedented in America, at the presidential levels
Speaker 1: certainly and at other levels for a recount or this
Speaker 1: type of litigation to result in overturning an election unless
Speaker 1: the election is just within hundreds of votes, and at
Speaker 1: least at this point, what we're seeing now is we're
Speaker 1: talking thousands of votes in the states that are under question.
Speaker 1: So I think we may the litigation. We don't expect
Speaker 1: we're going to see a concession at this point, but
Speaker 1: I think going forward there's going to be pressure for
Speaker 1: President Trump to concede. And then, of course, on the
Speaker 1: Vice President Elecs part, we're going to see him and
Speaker 1: his team start to think about the all important issue
Speaker 1: of transition and creating a cabinet. First on the agenda
Speaker 1: is of course dealing with the issue of COVID, healthcare
Speaker 1: and the economy that's been devastated by what's happened over
Speaker 1: the last year. Jennie, I just wanted to ask you
Speaker 1: about some of the historical perspective. You just addressed the
Speaker 1: historical perspective of challenging this outcome. But let's remember President
Speaker 1: Trump was the first president whoever had never run for
Speaker 1: office before until running for president and then winning. Also,
Speaker 1: we now have Vice President elect Kamala Harris, the first
Speaker 1: black person, the first person of South Asian descent elected
Speaker 1: to the office, also the first woman elected to that office,
Speaker 1: and Joe Biden, I believe, maybe the oldest president ever
Speaker 1: elected to office. If you could tie all of that
Speaker 1: together and just tell us about the history that we
Speaker 1: are witnessing as it unfolds, now, yeah, it's absolutely really
Speaker 1: just an important point and I was going to say
Speaker 1: also emotional for many people you mentioned, in particular Kamala Harris,
Speaker 1: the first woman. You know, women have been waiting so
Speaker 1: long to get in the upper echelons of leadership in
Speaker 1: this country. She has broken the glass ceiling at you know,
Speaker 1: one step away from the presidency. And she is an
Speaker 1: Africa woman of African a woman of Asian descent, I
Speaker 1: should say, in an African American woman. So this is
Speaker 1: you know, historic by you know, all of those marks
Speaker 1: you mentioned. Vice President Joe Biden the first person since
Speaker 1: Ronald Reagan to run for president unsuccessfully as many times
Speaker 1: as he did, and then to win as he has
Speaker 1: at this point being being president elect, So that is historic.
Speaker 1: His age is historic. And of course we're in the
Speaker 1: midst of a pandemic, and we've also seen on the
Speaker 1: part of the American voter historic turnout. So you know,
Speaker 1: there's just so much history being made here. I think
Speaker 1: it's important that we all take a step back and
Speaker 1: think about this. And I think that you know, depending
Speaker 1: on what happens in terms of a potential concession from Trump, um,
Speaker 1: we also are seeing you know, a really uphill battle
Speaker 1: for president elected Biden as he begins to make good
Speaker 1: on this promise about bringing the American people together after
Speaker 1: a really, really tough campaign, and we have to remember that,
Speaker 1: you know, half of the people who voted are almost
Speaker 1: half of the people who voted. This is not the
Speaker 1: outcome that they wanted. And so we may also see
Speaker 1: some protests. Hopefully we don't see any violence, but that
Speaker 1: is also, you know, not something we commonly see after
Speaker 1: a presidential election. And Greg Guro of Bloomberg Government talk
Speaker 1: a little bit more about how difficult it could be
Speaker 1: to bind the nation's wounds together from a policy perspective,
Speaker 1: given that we are likely to see a continue divided
Speaker 1: government in this country if Republicans, as it seems to
Speaker 1: be indicating right now, continue to hold onto the Senate. Yeah,
Speaker 1: that's right. I mean, Joe Biden won a clear victory
Speaker 1: in the presidential election, but more than seventy million people
Speaker 1: will have voted to re elect Donald Trump, and so
Speaker 1: Biden is trying to forge unity in togetherness in the
Speaker 1: country because there were a lot of people who did
Speaker 1: not vote for him as president and he will be
Speaker 1: serving as president. And Kamala Harris as Vice president with
Speaker 1: a Senate that more likely than not will be controlled
Speaker 1: by the Republicans. At the moment, the Republicans have the
Speaker 1: advantage in fifty seats and the Democrats and forty eight.
Speaker 1: And the only way that Democrats can forge a fifty
Speaker 1: fifty tis if they win a pair of Senate runoffs
Speaker 1: in Georgia in January, defeating two Republican incumbents, and that
Speaker 1: would make Chuck Schumer majority leader in a fifty fifty Senate.
Speaker 1: But the Republicans could control the Senate with fifty one
Speaker 1: or fifty two seats. But whatever the number is, it's
Speaker 1: going to be very difficult for Biden to get a
Speaker 1: lot of his sweeping progressive legislation enacted because in the
Speaker 1: Senate you often need sixty votes to advance a lot
Speaker 1: of the signature legislation. And in the House, the Democrats
Speaker 1: still hold the House, and that's a plus for Biden,
Speaker 1: but it's with the reduced majority, and so it's not
Speaker 1: going to be easy to get big legislation through a
Speaker 1: Democratic controlled House. Senate that will probably be controlled by
Speaker 1: the Republicans but very closely divided, and be signed into
Speaker 1: law by a Democratic president. And we are talking with
Speaker 1: Greg durow, Our Bloomberg government reporter covering Congress, and Jennie Zanno,
Speaker 1: Bloomberg News contributor and political science professor at Iona College. Greg,
Speaker 1: just to follow up with you, what happens next? It's over,
Speaker 1: but it's not over because the states still have to
Speaker 1: certify the vote counts. Right, what's the process next? Yeah,
Speaker 1: So the state certification processes are kind of vary by
Speaker 1: the jurisdiction. You know that. I think Trump has asked
Speaker 1: for a recount in Wisconsin where the lead is about
Speaker 1: twenty votes, and you know, you can ask for recounts
Speaker 1: if the margin depends on the margin in the state
Speaker 1: and under state law. But um, as Jennie mentioned, um,
Speaker 1: the recounts rarely reverse the outcomes of elections. Maybe, if
Speaker 1: the vote was the margin was two hundred votes or
Speaker 1: two thousand, you'd look at a recount process closely. But
Speaker 1: when we're talking about twenty votes or by half a
Speaker 1: percentage point or percentage point, recounts do not reverse that. So,
Speaker 1: you know, the the certification process will basically basically confirm
Speaker 1: what we know now about the totals and people they'll
Speaker 1: finalize the totals. It will increase the vote numbers, and once,
Speaker 1: once we get a complete count of votes, will definitely
Speaker 1: confirm that this was the largest turnout we're all turnout
Speaker 1: in the history of presidential elections. And with the kind
Speaker 1: of turnout that we've seen, Genie's a know of Iona College,
Speaker 1: what kind of mandate does that give to President elect
Speaker 1: Biden to pursue the agenda that he ran on. He
Speaker 1: don't have a mandate, and we we expect that then
Speaker 1: actually his his vote totals may increase a bit from
Speaker 1: what we're seeing now, but again can't forget that, you know,
Speaker 1: President Trump also had historically large support as well. So
Speaker 1: the President elect Biden goes into this the highest vote
Speaker 1: getter of any presidential Canada in history, and President Trump
Speaker 1: gets number two on that. So that is something to
Speaker 1: keep in mind in terms of how divided we are.
Speaker 1: And as much as Biden is going to claim a mandate,
Speaker 1: um it is something he's going to happen negotiate. Then also,
Speaker 1: you have a divided American public. So his number one
Speaker 1: task is going to be to make good on this
Speaker 1: campaign promise, to bring the American public together, to try
Speaker 1: to pursue so many important policies he has in his
Speaker 1: agenda Number one being COVID, dealing with that in terms
Speaker 1: of getting a stimulus package through which is very important
Speaker 1: to him, re establishing the economy, and figuring out what
Speaker 1: he can do to negotiate with Republicans in the Senate
Speaker 1: on things he promised, whether we're talking about tax restructuring,
Speaker 1: which he talked a awful awful lot, about healthcare reform,
Speaker 1: or things like infrastructure, which I suspect will have more
Speaker 1: luck getting an agree amen on out of Congress. And
Speaker 1: Je last question just wanted to ask about what happens
Speaker 1: next as far as President Trump is concerned. He would
Speaker 1: be the outgoing president, presumably with Joe Biden as the
Speaker 1: new president elect. But what if the president does decides
Speaker 1: he does not want to concede, which is what it
Speaker 1: sounds like right now. Yes, certainly what we're hearing. And again,
Speaker 1: you know, unprecedented in the modern era. We've never had
Speaker 1: a presidential candidate in the moderate era refused to concede
Speaker 1: concessions or something. You know, we've had a peaceful transfer
Speaker 1: of power since eight hundred of bitterly contested election in
Speaker 1: this country, the first in history where you had a
Speaker 1: transition from one party to another, and it was of
Speaker 1: course peaceful concessions then later became part of sort of
Speaker 1: the way that we do things in the United States,
Speaker 1: and we've never had somebody lose and not concede. But
Speaker 1: we need to keep in mind concession isn't required. President
Speaker 1: Trump does not need to make that phone call. He
Speaker 1: does not need to graduate Joe Biden in order for
Speaker 1: Joe Biden to be president. But it would be unpresident
Speaker 1: if he didn't. And I would just say, in history,
Speaker 1: we have had candidates who are not you know what
Speaker 1: we would call gracious losers. You know, people like Charles
Speaker 1: Evans Hughes, people like Thomas Dewey, very goldwater. They have
Speaker 1: not been as sort of graceful in their concessions and
Speaker 1: in their acceptance of the reality. Thank you for this.
Speaker 1: Genie's a no Bloomberg News contributor and I own a
Speaker 1: college political science professor. Our thanks as well to Bloomberg
Speaker 1: government reporter Greg Arrow covering Congress for us so admirably
Speaker 1: in these months of watching this campaign, and you have
Speaker 1: been listening to a Bloomberg day Break special report. Stay
Speaker 1: with us through the weekend, and again, first thing, Monday morning,
Speaker 1: as we continue to track what's happening with the election,
Speaker 1: the legal battles that have been promised, as well as
Speaker 1: the path ahead for White House policy for a president
Speaker 1: elect Joe Biden. I'm Nathan hey Girl along with Amy
Speaker 1: Morris and this is bloomerm