1 00:00:00,320 --> 00:00:03,040 Speaker 1: Live from our nation's came this budget thing is going 2 00:00:03,080 --> 00:00:05,520 Speaker 1: to do nothing space forces. I still think it's interesting 3 00:00:05,559 --> 00:00:08,880 Speaker 1: President Trump not playing his cards yet headlines Policy and 4 00:00:09,039 --> 00:00:14,400 Speaker 1: politics colliding sound on with Kevin's related the insiders, the influencers, 5 00:00:14,560 --> 00:00:17,400 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,400 --> 00:00:20,360 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,360 --> 00:00:22,680 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,720 --> 00:00:26,000 Speaker 1: divide within Team Trump. The president has to do exactly 9 00:00:26,040 --> 00:00:27,800 Speaker 1: what people seven here to do, which is to get 10 00:00:27,800 --> 00:00:31,320 Speaker 1: it done. Is he's sound on with Kevin's He related 11 00:00:31,520 --> 00:00:36,320 Speaker 1: on Bloomberg one and one seven f M h D two, Baltimore. 12 00:00:37,560 --> 00:00:41,159 Speaker 1: I'm Kevin cur really happy Friday Eve and the rhetoric 13 00:00:41,280 --> 00:00:46,599 Speaker 1: in America now the dominant, dominant conversation across the country. 14 00:00:46,720 --> 00:00:50,879 Speaker 1: This says chance Chance breaking out at President Trump's campaign 15 00:00:51,000 --> 00:00:54,600 Speaker 1: rally in North Carolina last night, the crowd chanting quote 16 00:00:54,640 --> 00:00:59,280 Speaker 1: sent her back upon mentioned Trump's mentioned of Minnesota Congresswoman 17 00:00:59,320 --> 00:01:02,360 Speaker 1: Ellen Omar, a Democrat from Minnesota. What does it all mean? 18 00:01:03,000 --> 00:01:05,840 Speaker 1: What does it all mean for this state of rhetorical 19 00:01:06,200 --> 00:01:10,680 Speaker 1: political discussion in America? We're gonna have two all stars 20 00:01:10,680 --> 00:01:14,240 Speaker 1: help us navigate through it. We've got Kristen Hahn here, 21 00:01:14,319 --> 00:01:18,040 Speaker 1: Democratic strategist, senior advisor at Rock Solutions. She's the former 22 00:01:18,040 --> 00:01:22,720 Speaker 1: Blue Dog Coalition communications director. And Garrett Ventury is back, 23 00:01:22,760 --> 00:01:27,759 Speaker 1: former spokesman to Senator Chuck Grassley on the Senate Judiciary Committee. 24 00:01:27,800 --> 00:01:32,040 Speaker 1: It really has been hard to to listen to just 25 00:01:32,120 --> 00:01:37,000 Speaker 1: see this, this brashness injected into US political debates. We're also, 26 00:01:37,040 --> 00:01:40,520 Speaker 1: of course, going to talk policy Senator Elizabeth Warren's war 27 00:01:40,640 --> 00:01:42,640 Speaker 1: on Wall Street. She's out with a new plan that 28 00:01:42,720 --> 00:01:46,240 Speaker 1: she says would rain in Wall Street greed, and it 29 00:01:46,360 --> 00:01:51,720 Speaker 1: involves Glass Stiegel, and it maybe has some Republican support, 30 00:01:51,800 --> 00:01:54,960 Speaker 1: including the late Senator John McCain. But does it have 31 00:01:55,000 --> 00:01:57,400 Speaker 1: a chance of ever becoming law. We're going to dive 32 00:01:57,440 --> 00:02:02,080 Speaker 1: into the specifics on that and the latest with regards 33 00:02:02,120 --> 00:02:05,440 Speaker 1: to a RON, But we gotta start with the state 34 00:02:06,120 --> 00:02:10,399 Speaker 1: of affairs in America's political discourse, because it is all 35 00:02:10,440 --> 00:02:16,639 Speaker 1: anyone's talking about in the halls of Congress, truthfully, Republicans, Democrats, members, staffers, 36 00:02:16,880 --> 00:02:21,400 Speaker 1: the rhetoric in this country tonight, it's all anyone's talking about. 37 00:02:21,520 --> 00:02:23,919 Speaker 1: And and will it ever improve, will it ever get 38 00:02:23,960 --> 00:02:28,240 Speaker 1: back to a state of respect on both sides, on 39 00:02:28,320 --> 00:02:30,320 Speaker 1: both sides, here with me for the hour. Christian Hall 40 00:02:30,360 --> 00:02:33,799 Speaker 1: and Democratic strategist. Now she's over at Rock Solutions. She's 41 00:02:33,840 --> 00:02:37,840 Speaker 1: the former communications director to the Blue Dog Coalition, that 42 00:02:38,000 --> 00:02:41,560 Speaker 1: group of Centrists of Democrats in the House, in the 43 00:02:41,600 --> 00:02:44,720 Speaker 1: House and just the House of Representatives, just the House. 44 00:02:44,919 --> 00:02:49,000 Speaker 1: And Garrett Ventry, former spokesman to the Senate Judiciary Committee 45 00:02:49,080 --> 00:02:51,760 Speaker 1: Chairman Chuck Grassley. He's also, I would I would argue 46 00:02:51,760 --> 00:02:55,400 Speaker 1: a Republican strategists say, and Garrett and Christian, thanks for 47 00:02:55,440 --> 00:02:59,240 Speaker 1: being here. Let's let's set the scene. Let's let's set 48 00:02:59,280 --> 00:03:01,840 Speaker 1: the scene with what President What happened at President Trump's 49 00:03:01,919 --> 00:03:07,040 Speaker 1: rally last night in North Carolina when he mentioned Congresswoman 50 00:03:07,080 --> 00:03:11,720 Speaker 1: Elan Omar, a Democrat from Minnesota, a member of AO 51 00:03:11,840 --> 00:03:14,960 Speaker 1: CES the squad, take a listen to what happened with 52 00:03:15,000 --> 00:03:28,520 Speaker 1: the chance here it happened where it is they're channing 53 00:03:28,720 --> 00:03:32,440 Speaker 1: send her back, the crowd breaking out into chance of 54 00:03:32,600 --> 00:03:38,880 Speaker 1: send her back. It comes following President Trump's political attacks 55 00:03:38,920 --> 00:03:45,120 Speaker 1: against Alexandria Acascio Cortes and Congresswoman Ellen Omar. He had 56 00:03:45,160 --> 00:03:47,560 Speaker 1: said earlier this week, if they don't like what's happening 57 00:03:47,560 --> 00:03:51,040 Speaker 1: in America. They should go back to where they came from. 58 00:03:51,200 --> 00:03:56,840 Speaker 1: President Trump asked today whether or not he agreed agreed 59 00:03:57,400 --> 00:03:59,440 Speaker 1: with that type of rhetoric. Take a listen to the 60 00:03:59,440 --> 00:04:04,320 Speaker 1: President of the United States. I disagree with it, but again, 61 00:04:04,400 --> 00:04:08,600 Speaker 1: I didn't say I didn't say that they did. Garrett 62 00:04:08,640 --> 00:04:11,800 Speaker 1: is the president responsible for those chants. I mean, it 63 00:04:11,880 --> 00:04:15,840 Speaker 1: was the crowd's decision to chant that, and he, you know, 64 00:04:16,000 --> 00:04:18,440 Speaker 1: obviously stopped for a second and let them continue chanting. 65 00:04:18,440 --> 00:04:20,880 Speaker 1: But I think today was pretty clear that he doesn't 66 00:04:20,960 --> 00:04:25,239 Speaker 1: accept that type of rhetoric. Christen, I mean, I think 67 00:04:25,680 --> 00:04:27,800 Speaker 1: you know me, I'm a Berry Mill of the road 68 00:04:27,800 --> 00:04:30,719 Speaker 1: type person, don't throw many fire bombs. But like he 69 00:04:30,920 --> 00:04:34,320 Speaker 1: is directly responsible for sewing those seeds of discord. I mean, 70 00:04:34,360 --> 00:04:36,359 Speaker 1: those are his types of rallies. He let it go 71 00:04:36,440 --> 00:04:39,120 Speaker 1: on for way too long. But you're asking the question, like, 72 00:04:39,160 --> 00:04:41,159 Speaker 1: how do we get back to a place where we 73 00:04:41,240 --> 00:04:43,279 Speaker 1: have respect for one another? And I'm not sure exactly 74 00:04:43,320 --> 00:04:46,000 Speaker 1: when that point was, because we were I mean, you've 75 00:04:46,000 --> 00:04:47,480 Speaker 1: had you've had this going on for a long time, 76 00:04:47,480 --> 00:04:50,800 Speaker 1: and the President has had some dangerous rhetoric. Um, I 77 00:04:50,839 --> 00:04:54,599 Speaker 1: think until we have a leader or leaders who are 78 00:04:55,760 --> 00:04:59,839 Speaker 1: who are providing an example of you know, respect, like 79 00:05:00,080 --> 00:05:02,520 Speaker 1: nitor John McCain did UH in a rally, you know, 80 00:05:02,560 --> 00:05:05,799 Speaker 1: when he was running against UH, Barack Obama present Barack 81 00:05:05,800 --> 00:05:10,000 Speaker 1: Obama and was correcting women who were inaccurately, um, you know, 82 00:05:10,360 --> 00:05:12,520 Speaker 1: calling him names. So I think you have to have 83 00:05:12,600 --> 00:05:15,520 Speaker 1: leaders like like John McCain. The president is certainly not that. 84 00:05:16,240 --> 00:05:19,040 Speaker 1: It's it's just the UH, you know, I want to read. 85 00:05:19,320 --> 00:05:21,039 Speaker 1: I almost don't even know what to say about it, 86 00:05:21,040 --> 00:05:23,520 Speaker 1: because it's I think folks make up their own minds, 87 00:05:23,880 --> 00:05:26,960 Speaker 1: Folks driving home from work. You know, everyone's got their 88 00:05:26,960 --> 00:05:30,360 Speaker 1: own opinion on this, and the bottom line is that 89 00:05:30,440 --> 00:05:33,839 Speaker 1: it's just really led to just a complete and utter 90 00:05:33,960 --> 00:05:37,200 Speaker 1: polarization in the halls of Congress, even as they're negotiating 91 00:05:37,240 --> 00:05:39,440 Speaker 1: over things like the debt ceiling. I want to read 92 00:05:39,480 --> 00:05:41,479 Speaker 1: a tweet from Matt Brooks. Matt Brooks has appeared on 93 00:05:41,480 --> 00:05:45,440 Speaker 1: our program. He is the executive director of the Republican 94 00:05:46,040 --> 00:05:51,760 Speaker 1: Jewish Coalition. UH, and what he said was quote the 95 00:05:51,960 --> 00:05:55,520 Speaker 1: send her back chance, We're wrong, vile, and don't reflect 96 00:05:55,600 --> 00:05:59,479 Speaker 1: who we are as Americans. I strongly opposed Congresswoman Ellen 97 00:05:59,560 --> 00:06:03,640 Speaker 1: Omar's views and policies, but those chants have no place 98 00:06:03,880 --> 00:06:06,640 Speaker 1: in our societies. That was Matt Brooks. He is the 99 00:06:06,680 --> 00:06:12,320 Speaker 1: executive director of the Republican Jewish Coalition, commenting on the 100 00:06:12,400 --> 00:06:15,880 Speaker 1: state of rhetorical affairs here in the United States. I'm 101 00:06:15,920 --> 00:06:18,520 Speaker 1: now going to play for you what Congressman Elijah Cummings, 102 00:06:18,960 --> 00:06:22,640 Speaker 1: the Democrat from Maryland, the civil rights icon, what he 103 00:06:22,720 --> 00:06:25,119 Speaker 1: had to say about it. Here's what he said today 104 00:06:25,160 --> 00:06:27,560 Speaker 1: on Thursday on the issue. I don't know if the 105 00:06:27,640 --> 00:06:34,599 Speaker 1: President fully understands how deeply and painful those kinds of 106 00:06:34,640 --> 00:06:41,960 Speaker 1: statements are. I don't think he understands how incredibly devisive 107 00:06:42,040 --> 00:06:46,360 Speaker 1: they are. And the chairman of the Freedom Caucus, Congressman 108 00:06:46,400 --> 00:06:49,440 Speaker 1: Mark Meadows, a Republican from North Carolina. Take a listen 109 00:06:49,440 --> 00:06:51,120 Speaker 1: to what he had to say. Have you've been at 110 00:06:51,160 --> 00:06:54,600 Speaker 1: any rally you know that the president doesn't control on 111 00:06:54,720 --> 00:06:58,039 Speaker 1: the chance that happened. Okay, here's my question, though, Garrett, 112 00:06:58,040 --> 00:06:59,920 Speaker 1: because I've been to a lot of Trump rallies. I've 113 00:07:00,040 --> 00:07:03,720 Speaker 1: covered probably more Trump rallies in my career than I 114 00:07:03,760 --> 00:07:08,440 Speaker 1: can even keep count of, and from my experience in 115 00:07:08,480 --> 00:07:13,560 Speaker 1: the press, and it's a very different location than where 116 00:07:13,600 --> 00:07:18,800 Speaker 1: all of the Trump supporters and protesters are. They're there 117 00:07:18,840 --> 00:07:23,080 Speaker 1: to see Donald Trump. They are there to attend an 118 00:07:23,080 --> 00:07:27,720 Speaker 1: event similar to how I mean, this is the comparison. 119 00:07:27,760 --> 00:07:31,520 Speaker 1: I always used an Eagles tailgater at a Philly Philadelphia 120 00:07:31,560 --> 00:07:34,680 Speaker 1: Eagles football game, that they are there for that whole 121 00:07:34,840 --> 00:07:37,960 Speaker 1: entire experience. And the reputation of a Trump rally is 122 00:07:37,960 --> 00:07:40,040 Speaker 1: that it's going to get rowdy and that it's going 123 00:07:40,080 --> 00:07:43,840 Speaker 1: to be bombastic, and that it's going to be exciting 124 00:07:43,880 --> 00:07:47,960 Speaker 1: and politically incorrect. So is Mark Meadows right when he 125 00:07:48,040 --> 00:07:52,480 Speaker 1: says that the president doesn't bear any responsibility for that? Well, 126 00:07:52,560 --> 00:07:55,360 Speaker 1: I mean yeah, I mean the president's rallies are obviously 127 00:07:55,480 --> 00:07:58,880 Speaker 1: a little different than most political rallies we've seen by politicians. 128 00:07:58,920 --> 00:08:01,400 Speaker 1: This is more energy. I think it's an he sees 129 00:08:01,440 --> 00:08:03,360 Speaker 1: it as an entertainment. A lot of people see them, 130 00:08:04,080 --> 00:08:05,560 Speaker 1: and so I think that's why a lot of people go. 131 00:08:05,720 --> 00:08:09,160 Speaker 1: It's entertaining to see him. That's what they feel like. Um, 132 00:08:09,200 --> 00:08:12,320 Speaker 1: obviously every leader bears some responsibilities for some of the 133 00:08:12,400 --> 00:08:15,720 Speaker 1: rhetoric that that happens on both sides of the aisle. Um. 134 00:08:15,800 --> 00:08:17,560 Speaker 1: I just don't know if I mean, like I said, 135 00:08:17,600 --> 00:08:21,000 Speaker 1: he's condemned that today, as have many Republicans, and I 136 00:08:21,040 --> 00:08:24,840 Speaker 1: obviously disagree um with Representative Omar on a host of 137 00:08:25,080 --> 00:08:27,440 Speaker 1: different policies. We can go down that list, but I also, 138 00:08:27,840 --> 00:08:29,400 Speaker 1: you know, it was not a fan of that chant. 139 00:08:29,480 --> 00:08:33,000 Speaker 1: I think we can criticize her policies and you know, 140 00:08:33,040 --> 00:08:35,280 Speaker 1: some of the remarks she makes without having to go 141 00:08:35,320 --> 00:08:37,840 Speaker 1: to that level. I wanna you know, we're gonna coming up, 142 00:08:37,840 --> 00:08:40,200 Speaker 1: we're gonna pivot away from this, and we're gonna talk 143 00:08:40,200 --> 00:08:42,280 Speaker 1: about all the policy, but I do want to just 144 00:08:42,360 --> 00:08:45,520 Speaker 1: give a touch on how it's playing on the campaign trail, 145 00:08:45,600 --> 00:08:47,959 Speaker 1: because there was an access I saw this in Acts 146 00:08:47,960 --> 00:08:49,960 Speaker 1: as I was talking with our executive producer risteam Aarat 147 00:08:49,960 --> 00:08:53,359 Speaker 1: about it this morning, that the number of media mentions 148 00:08:53,679 --> 00:09:00,920 Speaker 1: of Alexandria Acasio Cortes this week alone far surpasses any 149 00:09:01,040 --> 00:09:05,280 Speaker 1: any of the Democratic presidential candidates who are running for president. 150 00:09:05,760 --> 00:09:08,679 Speaker 1: And there are a lot of political strategists tonight and 151 00:09:08,800 --> 00:09:12,280 Speaker 1: yesterday on both sides of the aisle who are wondering 152 00:09:12,559 --> 00:09:16,720 Speaker 1: if maybe that was President Trump's goal to elevate the squad, 153 00:09:16,840 --> 00:09:21,600 Speaker 1: to elevate AOC, to elevate Ellen Omar, who has uh 154 00:09:21,800 --> 00:09:25,400 Speaker 1: spoken out against or critics been critical of the US 155 00:09:25,520 --> 00:09:30,640 Speaker 1: Israeli relationship and to get them elevated as opposed to 156 00:09:30,679 --> 00:09:34,120 Speaker 1: someone like former Vice President Joe Biden. Take a listen 157 00:09:34,160 --> 00:09:36,240 Speaker 1: to what Biden was talking about. He wasn't talking about 158 00:09:36,240 --> 00:09:38,280 Speaker 1: his policies. I mean he was, but I mean what 159 00:09:38,480 --> 00:09:40,280 Speaker 1: but he was asked to weigh in on all of this, 160 00:09:40,360 --> 00:09:43,400 Speaker 1: and here's Biden. And then when the crowd started yelling, 161 00:09:43,679 --> 00:09:47,640 Speaker 1: send them back, send them back, send them back. When 162 00:09:47,640 --> 00:09:49,520 Speaker 1: has that ever happened other than the last time you 163 00:09:49,559 --> 00:09:53,040 Speaker 1: remember thinking about George Wallace. That was president, that was 164 00:09:53,520 --> 00:09:57,520 Speaker 1: That was former Vice President Joe Biden. He was asked 165 00:09:58,080 --> 00:10:02,520 Speaker 1: about all of this, uh at. He was speaking with 166 00:10:02,559 --> 00:10:06,040 Speaker 1: faith leaders in Los Angeles earlier today. Coming up, we're 167 00:10:06,040 --> 00:10:09,480 Speaker 1: gonna we're gonna talk politics and policy and whether or 168 00:10:09,480 --> 00:10:11,800 Speaker 1: not any of all of this rhetoric is having any 169 00:10:11,840 --> 00:10:15,080 Speaker 1: impacts at all on the policy negotiations that are going on. 170 00:10:15,440 --> 00:10:19,599 Speaker 1: You're listening to Sound On with Kevin Surreally on Bloomberg 171 00:10:20,480 --> 00:10:22,640 Speaker 1: one and one oh five point seven f m h 172 00:10:22,760 --> 00:10:27,120 Speaker 1: D two, Baltimore. I'm Kevin CURRELLI Chief Washington correspondent for 173 00:10:27,160 --> 00:10:31,760 Speaker 1: Bloomberg Television and Bloomberg radio and just within the last 174 00:10:31,840 --> 00:10:34,920 Speaker 1: twenty four hours, Treasury Secretary Stephen Venusia and he says 175 00:10:34,960 --> 00:10:37,640 Speaker 1: they've got a deal. They've got a deal on the 176 00:10:37,720 --> 00:10:41,439 Speaker 1: debt ceiling. Or do they do they? President Trump weighed 177 00:10:41,440 --> 00:10:44,120 Speaker 1: in on all of this speaking inside of the Oval 178 00:10:44,160 --> 00:10:47,320 Speaker 1: Office today while visiting with members of the Team USA 179 00:10:47,440 --> 00:10:50,520 Speaker 1: for the nineteen Special Olympics World Games. Take a listen 180 00:10:50,559 --> 00:10:53,520 Speaker 1: to what the presidents say about whether or not there's 181 00:10:53,520 --> 00:10:57,440 Speaker 1: a deal on the debt ceiling. Here it is President Obama. Uh, 182 00:10:57,880 --> 00:11:01,800 Speaker 1: doubled more than doubled the debts. Oh, we're talking about 183 00:11:01,800 --> 00:11:06,480 Speaker 1: a debt ceiling. The previous president doubled the debt and 184 00:11:06,559 --> 00:11:09,600 Speaker 1: that's what we get stuck with. That's the way it is, folks. 185 00:11:10,240 --> 00:11:13,800 Speaker 1: That was President Trump speaking earlier today about the debt ceiling. 186 00:11:14,559 --> 00:11:17,520 Speaker 1: Republicans and the White House and Treasury Secretary Revenution to 187 00:11:17,559 --> 00:11:19,720 Speaker 1: some extent Speaker Pelosi, they want to raise the debt 188 00:11:19,760 --> 00:11:25,120 Speaker 1: ceiling ahead of the August recess, and no one knows 189 00:11:25,120 --> 00:11:26,800 Speaker 1: that they can do it. With me for the hour. 190 00:11:26,880 --> 00:11:29,600 Speaker 1: Kristen Han, democratic strategist. She used to work as the 191 00:11:29,600 --> 00:11:33,199 Speaker 1: COMPS director for the Blue Dog Coalition, the centrist group 192 00:11:33,400 --> 00:11:36,880 Speaker 1: of Democrats inside of the House of Representatives in Garrett Ventry, 193 00:11:36,920 --> 00:11:41,480 Speaker 1: former spokesman to Senate Judiciary Committee Chairman Chuck Grass Lee, Garrett, 194 00:11:41,520 --> 00:11:43,640 Speaker 1: you were staying in the break not to be difficult, 195 00:11:43,679 --> 00:11:46,200 Speaker 1: but you were like, oh, the dead ceiling. It's it's 196 00:11:46,280 --> 00:11:51,440 Speaker 1: it's an issue that makes Republicans cringe right now. Why? Well, 197 00:11:51,480 --> 00:11:55,520 Speaker 1: I mean, obviously, Republicans typically run on financial responsibility and 198 00:11:55,640 --> 00:11:59,920 Speaker 1: small government. So obviously putting taxpayers on the hook for 199 00:12:00,000 --> 00:12:02,920 Speaker 1: continuing to raise the debt and spending more money than 200 00:12:03,480 --> 00:12:06,280 Speaker 1: you're supposed to have the taxes that you're taking in 201 00:12:06,440 --> 00:12:10,640 Speaker 1: is not a advantageous position typically with conservatives. But obviously, 202 00:12:10,640 --> 00:12:12,040 Speaker 1: I mean, you have until I think the end of 203 00:12:12,080 --> 00:12:17,319 Speaker 1: September to do this, am I right? But obviously you 204 00:12:17,360 --> 00:12:19,040 Speaker 1: need to do it before that because if not, I mean, 205 00:12:19,440 --> 00:12:21,400 Speaker 1: you know, if the US are default on its debt, 206 00:12:21,440 --> 00:12:24,000 Speaker 1: it's going to spend kind of a it'll be a 207 00:12:24,080 --> 00:12:27,280 Speaker 1: ripple wave not only to markets here but the global 208 00:12:27,280 --> 00:12:29,400 Speaker 1: economy as a whole. So it's something they obviously need 209 00:12:29,440 --> 00:12:33,240 Speaker 1: to get done. I know that the Treasury Secretary and 210 00:12:33,360 --> 00:12:35,480 Speaker 1: the Speaker obviously I want to come to a deal 211 00:12:35,520 --> 00:12:37,360 Speaker 1: I think here by Friday, So we'll see if that happens, 212 00:12:37,360 --> 00:12:39,160 Speaker 1: but it's obviously something that needs to get done, all right. 213 00:12:39,200 --> 00:12:41,679 Speaker 1: So they're they're going so they're trying to get a 214 00:12:41,679 --> 00:12:44,439 Speaker 1: deal by the end of the week, all right, so Friday, 215 00:12:44,480 --> 00:12:46,839 Speaker 1: they want to have this all wrapped up. They want 216 00:12:46,840 --> 00:12:50,440 Speaker 1: to all do this, and Speaker Pelosi has been talking 217 00:12:50,520 --> 00:12:53,800 Speaker 1: every night to Treasury Secretary Stephen Monution this week to 218 00:12:53,840 --> 00:12:57,080 Speaker 1: try to get some type of deal. Monution set on 219 00:12:57,120 --> 00:13:00,680 Speaker 1: CNBC earlier this earlier today that have agreed to a 220 00:13:00,760 --> 00:13:07,359 Speaker 1: two year deal, and they've agreed to the spending caps 221 00:13:07,400 --> 00:13:11,079 Speaker 1: that they're going to that they're going to get through. 222 00:13:11,559 --> 00:13:14,839 Speaker 1: But the devil's in the details, Kristen, So what I mean, 223 00:13:14,880 --> 00:13:16,440 Speaker 1: So what are we what are they fighting over? So 224 00:13:16,480 --> 00:13:18,360 Speaker 1: there's a lot of there's a lot of stuff at play, 225 00:13:18,360 --> 00:13:19,600 Speaker 1: and I think it's a lot of stuff the people 226 00:13:19,640 --> 00:13:22,240 Speaker 1: who aren't inside the belt we've done all the always 227 00:13:22,280 --> 00:13:25,360 Speaker 1: understand some of its our audience, because our audience is 228 00:13:25,400 --> 00:13:28,160 Speaker 1: the smartest audience. Um So some of it's some of 229 00:13:28,160 --> 00:13:30,720 Speaker 1: it's the policy and some of its procedural. And I agree. 230 00:13:30,760 --> 00:13:33,320 Speaker 1: I mean, people all of the time conflate spending more 231 00:13:33,360 --> 00:13:35,400 Speaker 1: money and raising the develment. This is about this is 232 00:13:35,440 --> 00:13:37,360 Speaker 1: a very big deal, and this is about you know, 233 00:13:37,400 --> 00:13:41,880 Speaker 1: honoring the debts that we owe right, so making sure, um, 234 00:13:41,920 --> 00:13:45,280 Speaker 1: you know that we don't harm our economy or global economies. 235 00:13:45,480 --> 00:13:48,720 Speaker 1: There's also there the reason why there's this Friday Friday 236 00:13:48,760 --> 00:13:50,800 Speaker 1: deadline is because there's a seventy two our rule and 237 00:13:50,840 --> 00:13:53,840 Speaker 1: that doesn't count weekend days, so that's three days next 238 00:13:53,880 --> 00:13:57,760 Speaker 1: week that they're in before the August recess. Um. We 239 00:13:57,880 --> 00:14:01,400 Speaker 1: do not obviously wanna to wait until after the August 240 00:14:01,440 --> 00:14:03,840 Speaker 1: recess because then there are only three legislative days once 241 00:14:03,880 --> 00:14:06,120 Speaker 1: they come back, and that's just a disaster waiting to happen. 242 00:14:06,160 --> 00:14:08,280 Speaker 1: So I think that's why, you know, everybody's trying to 243 00:14:08,320 --> 00:14:10,880 Speaker 1: really come together and figure it out. We all say 244 00:14:10,880 --> 00:14:14,640 Speaker 1: in Washington, there's nothing more powerful, more powerful of a 245 00:14:14,679 --> 00:14:18,480 Speaker 1: motivator than the members wanting to get back home. Um. 246 00:14:18,760 --> 00:14:20,680 Speaker 1: And I I don't really say that in jest, to 247 00:14:20,680 --> 00:14:23,480 Speaker 1: say that in all seriousness, So, um, you know, coming 248 00:14:23,560 --> 00:14:25,600 Speaker 1: up on this deadline, when they're all looking to go 249 00:14:25,680 --> 00:14:28,640 Speaker 1: home and hold town halls and be with their constituents, 250 00:14:28,760 --> 00:14:31,040 Speaker 1: um is a big motivator. So I would give it 251 00:14:31,080 --> 00:14:34,720 Speaker 1: about a eight chance I think, uh, the speaker may 252 00:14:34,760 --> 00:14:38,120 Speaker 1: even have a congressional delegation trip. You know what's good? 253 00:14:38,760 --> 00:14:41,160 Speaker 1: So you know what the debt limit is, do you 254 00:14:41,200 --> 00:14:45,720 Speaker 1: guys know off the top of your head, two trillion 255 00:14:47,560 --> 00:14:51,640 Speaker 1: trillion dollars twenty d trillion dollars. And then this is 256 00:14:51,640 --> 00:14:54,480 Speaker 1: where we talk about extraordinary measures. I always, you know, 257 00:14:54,480 --> 00:14:56,160 Speaker 1: I've been doing this now for like what eight years, 258 00:14:56,160 --> 00:14:59,200 Speaker 1: and every time, like the Treasury Secretary has extraordinary measures 259 00:14:59,240 --> 00:15:01,360 Speaker 1: in order to keep in order to keep paying the 260 00:15:01,360 --> 00:15:04,200 Speaker 1: America's bills. But if not, I mean, we're in a 261 00:15:04,240 --> 00:15:06,320 Speaker 1: credit nightmare if if we don't if we don't make 262 00:15:06,360 --> 00:15:08,720 Speaker 1: good on this, the market has been somewhat concerned. I'm 263 00:15:08,720 --> 00:15:11,240 Speaker 1: reading from the Bloomberg terminal the story today quote the 264 00:15:11,280 --> 00:15:14,000 Speaker 1: market for US treasuries has been showing some signs of 265 00:15:14,040 --> 00:15:18,480 Speaker 1: concerns in recent week, with small pricing dislocations appearing around 266 00:15:18,560 --> 00:15:25,840 Speaker 1: securities maturing close to potential crunch dates in September and October. Garrett, 267 00:15:26,120 --> 00:15:29,000 Speaker 1: there we go. And if that wasn't enough, this is different, right, 268 00:15:29,040 --> 00:15:30,560 Speaker 1: because this is one of the things that I think 269 00:15:30,560 --> 00:15:33,760 Speaker 1: even US policy nerds sometimes conflate these two issues. The 270 00:15:33,800 --> 00:15:37,280 Speaker 1: debt ceiling is different from a government shutdown. But we're 271 00:15:37,360 --> 00:15:41,320 Speaker 1: also around the corner from a potential government shutdown, I 272 00:15:41,320 --> 00:15:44,040 Speaker 1: believe in the fall. So if they only I mean, 273 00:15:44,120 --> 00:15:46,880 Speaker 1: so what what we're hearing from Pelosi emolution is that 274 00:15:46,920 --> 00:15:48,720 Speaker 1: they want to get a two year debt limit deal 275 00:15:49,160 --> 00:15:51,600 Speaker 1: so that they don't have to lump together the massive 276 00:15:52,080 --> 00:15:55,880 Speaker 1: the massive government shutdown with to deal with the right 277 00:15:55,920 --> 00:15:58,040 Speaker 1: for the election. What's that to say that I don't 278 00:15:58,040 --> 00:15:59,240 Speaker 1: want to deal with it right before the election. They 279 00:15:59,280 --> 00:16:01,400 Speaker 1: don't want to deal with it Jersey elections and Republicans 280 00:16:01,440 --> 00:16:03,480 Speaker 1: don't want to have to deal with your Carrett, Yeah, 281 00:16:03,520 --> 00:16:05,720 Speaker 1: I mean in regards to the dead selling, if if 282 00:16:05,760 --> 00:16:09,160 Speaker 1: there's a government shut down, which is which also could happen, 283 00:16:09,600 --> 00:16:13,280 Speaker 1: that also affects the markets, So either that also small 284 00:16:13,320 --> 00:16:17,120 Speaker 1: business and so so you have that issue. And then 285 00:16:17,120 --> 00:16:18,720 Speaker 1: the second one around the corner, Like we said, if 286 00:16:18,760 --> 00:16:20,520 Speaker 1: the US was not to if we were not able 287 00:16:20,560 --> 00:16:24,760 Speaker 1: to get a deal between Treasury and Congress, then you're 288 00:16:24,760 --> 00:16:28,000 Speaker 1: talking about markets not only in the US but across 289 00:16:28,080 --> 00:16:33,120 Speaker 1: the world would be very tense if the US were 290 00:16:33,160 --> 00:16:34,840 Speaker 1: to default on its debts. So it's obviously something that 291 00:16:34,920 --> 00:16:36,840 Speaker 1: needs to get done. And I think that both the 292 00:16:36,920 --> 00:16:41,080 Speaker 1: Speaker and the Treasury Secretary feel the pressure to get 293 00:16:41,120 --> 00:16:43,480 Speaker 1: this done sooner rather than later, not to mention we're 294 00:16:43,480 --> 00:16:46,760 Speaker 1: in the middle of all those trade negotiations. This is 295 00:16:46,880 --> 00:16:52,440 Speaker 1: sound on with Kevin's he related on Bloomberg and seven 296 00:16:52,720 --> 00:16:55,520 Speaker 1: m H D two bot. I say it's far more 297 00:16:55,600 --> 00:16:57,400 Speaker 1: energy on the right than there is on the left. 298 00:16:57,400 --> 00:16:59,000 Speaker 1: I mean I hear about the left. All I see 299 00:16:59,040 --> 00:17:01,040 Speaker 1: is the left is fighting all over the place. I 300 00:17:01,080 --> 00:17:03,000 Speaker 1: think we have far more support than they do, and 301 00:17:03,040 --> 00:17:05,000 Speaker 1: I think we have far more energy than they do. 302 00:17:05,560 --> 00:17:08,560 Speaker 1: And we're gonna have a very interesting election, a very 303 00:17:08,640 --> 00:17:12,479 Speaker 1: interesting election. That was President Trump speaking earlier today in 304 00:17:12,520 --> 00:17:16,520 Speaker 1: the Oval Office, saying that they've got the mojo, that 305 00:17:16,560 --> 00:17:22,880 Speaker 1: the Republicans have the mojo. This following heightened heightened, heightened 306 00:17:23,160 --> 00:17:28,280 Speaker 1: political discourse rhetoric, racial rhetoric in the US injected into 307 00:17:28,280 --> 00:17:32,120 Speaker 1: the US lexicon of American politics, especially this week with 308 00:17:32,160 --> 00:17:37,640 Speaker 1: me now joining the panel. Matt Cora DONI did it perfectly. 309 00:17:37,680 --> 00:17:40,440 Speaker 1: I did it perfect because it's Italian, so really Coradoni, 310 00:17:40,800 --> 00:17:42,399 Speaker 1: you know, it's like a group of Italians. He is 311 00:17:42,400 --> 00:17:46,360 Speaker 1: the National Press Secretary for Seth Malton. Congressman Seth Malton 312 00:17:46,600 --> 00:17:49,199 Speaker 1: who picked up a key endorsement. We're gonna get to 313 00:17:49,200 --> 00:17:51,080 Speaker 1: that in a second. I also want to introduce Garrett 314 00:17:51,119 --> 00:17:54,680 Speaker 1: vent Ventry, a Republican strategist. He is also the former 315 00:17:54,720 --> 00:17:59,120 Speaker 1: COMPS director to uh send A Judiciary Committee Chairman Chuck 316 00:17:59,160 --> 00:18:02,160 Speaker 1: Grassley and Chris and Haunt. She's over at Rock Solution. 317 00:18:02,280 --> 00:18:06,000 Speaker 1: She's the former camps director for the Blue Dog, the 318 00:18:06,000 --> 00:18:08,920 Speaker 1: Blue Dog Coalition. I know, I see these titles. These 319 00:18:08,920 --> 00:18:10,720 Speaker 1: titles always tripped me up, and I got through it. 320 00:18:11,320 --> 00:18:16,359 Speaker 1: And let's talk about Stanley General Stanley McCrystal, because I 321 00:18:17,920 --> 00:18:22,120 Speaker 1: was struck by this that he endorsed Seth Malton for president. 322 00:18:22,680 --> 00:18:26,000 Speaker 1: And respectfully, it's the second debate in two weeks. That's 323 00:18:26,080 --> 00:18:29,240 Speaker 1: didn't qualify to be on the debate stage. But this 324 00:18:29,320 --> 00:18:31,960 Speaker 1: is a pretty big, pretty big endorsement. It is a 325 00:18:31,960 --> 00:18:34,200 Speaker 1: big deal. And I think two things on that front. One, 326 00:18:34,359 --> 00:18:37,480 Speaker 1: it's very rare for a former general to get involved 327 00:18:37,480 --> 00:18:41,280 Speaker 1: in politics or former military in general. Um. But he 328 00:18:41,359 --> 00:18:44,439 Speaker 1: said that he came home and he saw the device 329 00:18:44,520 --> 00:18:47,360 Speaker 1: of rhetoric that Trump was putting out, and he saw 330 00:18:47,359 --> 00:18:50,000 Speaker 1: a rally whereople were chanting sent her home, and he 331 00:18:50,119 --> 00:18:52,639 Speaker 1: knew that there's a moral obligation to stand up in 332 00:18:52,680 --> 00:18:56,080 Speaker 1: this election, and he believes because of Seth's experience and 333 00:18:56,240 --> 00:18:59,119 Speaker 1: background and bio, he's the best person to take on 334 00:18:59,160 --> 00:19:02,240 Speaker 1: Donald Trump UM on the debate front. I think, look, 335 00:19:02,640 --> 00:19:05,399 Speaker 1: everyone knows that the debates that happened in the summer 336 00:19:05,440 --> 00:19:07,840 Speaker 1: are not going to determine who our nominee is UM. 337 00:19:07,920 --> 00:19:10,560 Speaker 1: And you know, the d n C is not doing 338 00:19:10,560 --> 00:19:13,840 Speaker 1: themselves any favors by keeping the only military combat veteran 339 00:19:14,320 --> 00:19:19,000 Speaker 1: off of the debate stage. UM. So Tulsie did serve 340 00:19:19,040 --> 00:19:21,359 Speaker 1: as well as did Mayor Pete. Seth is the only 341 00:19:21,480 --> 00:19:24,119 Speaker 1: veteran in this race who's led troops into battle and 342 00:19:24,760 --> 00:19:27,120 Speaker 1: seeing combat. One of the big parts of his bio 343 00:19:27,160 --> 00:19:29,840 Speaker 1: that he talks about is leading a platoon, which literally 344 00:19:29,880 --> 00:19:34,000 Speaker 1: means bringing together a diverse coalition to unite around one 345 00:19:34,080 --> 00:19:38,200 Speaker 1: mission and accomplish something in the most stressful of times 346 00:19:38,440 --> 00:19:41,199 Speaker 1: and often doing things that they didn't necessarily agree with 347 00:19:41,320 --> 00:19:43,600 Speaker 1: during the Iraq War because it was a war that 348 00:19:43,680 --> 00:19:46,240 Speaker 1: he was very outspoken against. All right, so I want 349 00:19:46,280 --> 00:19:49,720 Speaker 1: to open this discussion up. We've got the Crystal endorsing 350 00:19:50,160 --> 00:19:54,320 Speaker 1: Seth Malton Christen. Okay, when I think of Mcrystal and 351 00:19:54,400 --> 00:19:57,080 Speaker 1: how he left the Obama administration. It was because of 352 00:19:57,119 --> 00:19:59,879 Speaker 1: that Rolling Stone. Do you guys remember this the Rolling Stone? 353 00:20:00,000 --> 00:20:01,440 Speaker 1: I think it was like a profile because you know 354 00:20:01,440 --> 00:20:03,520 Speaker 1: what the cover, it was an exclusive interview he gave 355 00:20:03,800 --> 00:20:06,879 Speaker 1: to Rolling Stone and he guess who we criticized, and 356 00:20:06,880 --> 00:20:08,919 Speaker 1: this got him fired from the Obama White House. He 357 00:20:09,000 --> 00:20:13,480 Speaker 1: criticized you ready for this, Joe Biden. So clearly the 358 00:20:13,560 --> 00:20:18,200 Speaker 1: Crystal sending a message by endorsing Seth Malton Joe Biden. No, 359 00:20:19,040 --> 00:20:22,679 Speaker 1: I mean, I think I think McCrystal is gonna do 360 00:20:22,720 --> 00:20:24,879 Speaker 1: what he thinks is the right thing to do. And 361 00:20:24,920 --> 00:20:28,560 Speaker 1: you have, you know, a decorated uh you know, war 362 00:20:28,840 --> 00:20:33,160 Speaker 1: veteran in Congressman Molton Um. He's a very accomplished individual, 363 00:20:33,200 --> 00:20:35,040 Speaker 1: and so I wouldn't question him. How are you sizing 364 00:20:35,119 --> 00:20:38,560 Speaker 1: up the field right now? Christen? The whole field? The 365 00:20:39,160 --> 00:20:44,080 Speaker 1: whole field? I think I think that I'm very concerned. 366 00:20:44,080 --> 00:20:46,639 Speaker 1: This won't surprise you my background, but I'm very concerned. 367 00:20:46,840 --> 00:20:49,800 Speaker 1: Particularly I think we talked earlier. Yes, the president is 368 00:20:49,840 --> 00:20:53,800 Speaker 1: on being strategic and elevating the folks on the far left, 369 00:20:54,440 --> 00:20:57,080 Speaker 1: because this is not where the majority of the voters 370 00:20:57,080 --> 00:21:00,720 Speaker 1: are on our side. Um, there is energy there and 371 00:21:00,720 --> 00:21:03,239 Speaker 1: they have a lot of you know, Twitter followers. But 372 00:21:03,840 --> 00:21:06,199 Speaker 1: what we saw in the midterms is in what the 373 00:21:06,200 --> 00:21:08,359 Speaker 1: makeup of the House is is most indicative where our 374 00:21:08,400 --> 00:21:11,359 Speaker 1: voters are, and you've got to strike, uh, you know, 375 00:21:11,840 --> 00:21:13,879 Speaker 1: the right tone, and the far left isn't where it is. 376 00:21:13,920 --> 00:21:16,760 Speaker 1: So I think Joe Biden's our guy venture. You're not 377 00:21:16,840 --> 00:21:18,800 Speaker 1: in your head that you agree you agree with what 378 00:21:18,920 --> 00:21:21,199 Speaker 1: Kristen sank. Yeah, I think Kristen is absolutely right. I mean, 379 00:21:21,200 --> 00:21:22,800 Speaker 1: if you look at the way the Dems took back 380 00:21:22,800 --> 00:21:25,879 Speaker 1: the House in Yeah, there was a lot of energy 381 00:21:25,920 --> 00:21:29,040 Speaker 1: in these D plus seven districts with AOC winning, But 382 00:21:29,359 --> 00:21:32,119 Speaker 1: when they took back the House, they were winning our 383 00:21:32,160 --> 00:21:35,080 Speaker 1: plus three R plus five districts and picking those off. 384 00:21:35,840 --> 00:21:38,680 Speaker 1: And if you want to beat the president, you don't 385 00:21:38,680 --> 00:21:40,119 Speaker 1: need to get you don't need to beat him by 386 00:21:40,160 --> 00:21:42,320 Speaker 1: seventeen million votes in California. You need to beat him 387 00:21:42,359 --> 00:21:46,560 Speaker 1: in Ohio and Wisconsin, Michigan and in Pennsylvania. And so 388 00:21:47,320 --> 00:21:51,199 Speaker 1: you know, I think Trump probably really likes AOC and 389 00:21:51,240 --> 00:21:54,560 Speaker 1: her squad being elevated, and he probably loves that Biden 390 00:21:54,560 --> 00:21:58,000 Speaker 1: and others are focusing their attention to defend them because 391 00:21:58,000 --> 00:22:01,600 Speaker 1: he likes I think the matchup of him saying, look 392 00:22:01,640 --> 00:22:03,679 Speaker 1: at the way the economy is working versus look at 393 00:22:03,680 --> 00:22:06,760 Speaker 1: the way these certain policies that kind of lurched towards 394 00:22:07,200 --> 00:22:09,479 Speaker 1: the left that aren't popular with American voters. I think 395 00:22:09,480 --> 00:22:13,280 Speaker 1: he likes that matchup. Mc cardoni spokesman for Democratic presidential 396 00:22:13,359 --> 00:22:16,320 Speaker 1: candidate Seth Malton way in here on the squad, Well, 397 00:22:16,320 --> 00:22:18,280 Speaker 1: the squad is an important voice in our party, but 398 00:22:18,320 --> 00:22:20,600 Speaker 1: they're not the only voice in our party, and right 399 00:22:20,640 --> 00:22:23,960 Speaker 1: now it feels like they are. Well. I spent eighteen 400 00:22:24,280 --> 00:22:28,639 Speaker 1: with Seth helping to recruit support endors candidates up and 401 00:22:28,680 --> 00:22:31,359 Speaker 1: down the ballot who ran on putting country of a 402 00:22:31,440 --> 00:22:34,399 Speaker 1: party and people over politics. These are people like Mikey 403 00:22:34,520 --> 00:22:37,760 Speaker 1: Cheryl Up in New Jersey, Ann McGrath Downing Up who's 404 00:22:37,760 --> 00:22:40,640 Speaker 1: now running against Mitch McConnell, Connor Lamb in my home 405 00:22:40,680 --> 00:22:43,640 Speaker 1: district of Pennsylvania. I didn't know Lamb's district with your hometown. 406 00:22:44,720 --> 00:22:47,200 Speaker 1: I think we had this conversation once before, Yes, when 407 00:22:47,200 --> 00:22:50,760 Speaker 1: we seen by the way he stayed out of this 408 00:22:50,840 --> 00:22:54,440 Speaker 1: squad stuff like he's probably like yep By in Congress 409 00:22:54,480 --> 00:22:57,240 Speaker 1: said keep my head down, good luck to the squad 410 00:22:57,280 --> 00:23:02,360 Speaker 1: that I can't comment that, but I can say that, 411 00:23:02,440 --> 00:23:04,159 Speaker 1: you know, look, these are the people who hoped to 412 00:23:04,240 --> 00:23:06,520 Speaker 1: win the majority, and this is the message is going 413 00:23:06,560 --> 00:23:09,120 Speaker 1: to win. And Christen's absolutely right about this and how 414 00:23:09,119 --> 00:23:11,280 Speaker 1: we took back the House, how we keep the House, 415 00:23:11,280 --> 00:23:14,120 Speaker 1: and how we win in you know, I spent forth 416 00:23:14,119 --> 00:23:16,919 Speaker 1: of July with Seth in Las Vegas. There is a 417 00:23:16,920 --> 00:23:19,280 Speaker 1: lot of energy out there as well. But the places 418 00:23:19,320 --> 00:23:22,520 Speaker 1: we've been going in Vegas, uh, novad As, a whole 419 00:23:22,600 --> 00:23:26,880 Speaker 1: South Carolina up in northern parts of New Hampshire. Um, 420 00:23:26,960 --> 00:23:31,439 Speaker 1: these are you know more and say moderate to conservative 421 00:23:31,440 --> 00:23:35,680 Speaker 1: Democrats who voted for President Obama then voted for President 422 00:23:35,720 --> 00:23:39,800 Speaker 1: Trump and are not totally disenchanted with the economy right now. 423 00:23:40,080 --> 00:23:42,040 Speaker 1: These are the people you need to win back and 424 00:23:42,080 --> 00:23:44,320 Speaker 1: you need to go and talk to them and show 425 00:23:44,359 --> 00:23:47,119 Speaker 1: them how democratic policies will better their lives. You know 426 00:23:47,160 --> 00:23:50,840 Speaker 1: who went to Berlin, New Hampshire, Jeb Bush and Donald Trump. 427 00:23:50,880 --> 00:23:52,320 Speaker 1: And let me tell you something. I want to both 428 00:23:52,359 --> 00:23:55,200 Speaker 1: of those rallies and the way that Jeb Bush spoke 429 00:23:55,240 --> 00:23:57,600 Speaker 1: to those voters and the way Donald Trump spoke to 430 00:23:57,640 --> 00:24:00,639 Speaker 1: those voters as the reason Donald Trump's in a White House. 431 00:24:00,960 --> 00:24:05,159 Speaker 1: You're listening to Sound On with Kevin Surreally on Bloomberg 432 00:24:06,359 --> 00:24:10,320 Speaker 1: and f m h D two Boltemore. He's a beauty. 433 00:24:10,320 --> 00:24:13,479 Speaker 1: He runs a failed city. His city is doing so badly. 434 00:24:15,520 --> 00:24:18,640 Speaker 1: That was President Donald Trump back on the campaign trail 435 00:24:18,760 --> 00:24:21,760 Speaker 1: last night in North Carolina. He had that to say 436 00:24:21,800 --> 00:24:26,680 Speaker 1: about South Bend, Indiana Mayor Pete Boudagedge Democratic presidential candidates, 437 00:24:26,680 --> 00:24:30,320 Speaker 1: who's raising a lot of money, raising a ton of money, Surprising, 438 00:24:30,680 --> 00:24:33,800 Speaker 1: surprising a lot of Democrats for how well he's doing. 439 00:24:33,840 --> 00:24:37,879 Speaker 1: But according to President Donald Trump, he's not that impress. 440 00:24:37,960 --> 00:24:41,800 Speaker 1: We've got an all star panel with us. Matt Coradoni 441 00:24:42,200 --> 00:24:44,800 Speaker 1: has stuck around. He's the national Press secretary to Congressman 442 00:24:44,840 --> 00:24:47,400 Speaker 1: Seth Malton, who was also running for president. They got 443 00:24:47,400 --> 00:24:51,240 Speaker 1: that big McCrystal, remember him, Four Star General Stanley McCrystal 444 00:24:51,359 --> 00:24:54,880 Speaker 1: endorsing Seth Malton Today. Garrett Venture's here. He's a Republican 445 00:24:54,880 --> 00:24:59,960 Speaker 1: strategist previously with Senate Judiciary Committee Chairman Chuck Grassley Iowa's 446 00:25:00,000 --> 00:25:06,160 Speaker 1: Shot Grassley, Jennifer Jacob's Country, and Kristen Hand of Rock Solutions. 447 00:25:06,880 --> 00:25:10,040 Speaker 1: She previously was the communications director for the centrist Blue 448 00:25:10,080 --> 00:25:13,200 Speaker 1: Dog coalition in the House of Representatives. All Right, Kristen, 449 00:25:13,400 --> 00:25:15,879 Speaker 1: I'm gonna put you in the hot seat. Are you 450 00:25:15,960 --> 00:25:20,160 Speaker 1: impressed by South Bend mayor Pete? I think that he's, 451 00:25:20,320 --> 00:25:22,840 Speaker 1: you know, at a time when I don't agree with 452 00:25:23,000 --> 00:25:25,760 Speaker 1: so many of the candidates out there, super far left 453 00:25:25,800 --> 00:25:28,120 Speaker 1: on things, spouting things like Medicare for all. I think 454 00:25:28,160 --> 00:25:30,600 Speaker 1: I like the type of dialogue that he's trying to 455 00:25:30,640 --> 00:25:33,840 Speaker 1: have with the American people. UM So, I do appreciate him, 456 00:25:33,840 --> 00:25:35,680 Speaker 1: and I and I do. I am glad that he's 457 00:25:35,720 --> 00:25:40,600 Speaker 1: part of this, uh, this race. Um I think you know, 458 00:25:40,680 --> 00:25:43,359 Speaker 1: he's had some challenges in his own town, and I 459 00:25:43,400 --> 00:25:47,000 Speaker 1: think he's having challenges obviously with them the black community. 460 00:25:47,200 --> 00:25:49,520 Speaker 1: UM So, you know, he's he's trying to reach out 461 00:25:49,520 --> 00:25:52,760 Speaker 1: to a number of members of African American members of Congress. 462 00:25:52,760 --> 00:25:54,920 Speaker 1: He's trying to to work on that. But I mean 463 00:25:55,000 --> 00:25:58,359 Speaker 1: he's at a significant disadvantaged Joe Biden, When did you 464 00:25:58,359 --> 00:26:00,680 Speaker 1: guys see this? I mean, I think, and I've said 465 00:26:00,720 --> 00:26:04,560 Speaker 1: this now for for months that Senator Elizabeth Warren's campaign 466 00:26:04,600 --> 00:26:08,119 Speaker 1: has been just you know, trucking along and they're still 467 00:26:08,160 --> 00:26:11,280 Speaker 1: hovering in the top above the polls. She released this 468 00:26:11,400 --> 00:26:14,760 Speaker 1: massive plan today to rain in Wall Street greed. It 469 00:26:14,840 --> 00:26:17,240 Speaker 1: calls for many things, but some of them, some of 470 00:26:17,280 --> 00:26:22,399 Speaker 1: the more notable ones reinstating Glass Stiegel Rion's Oh wow, 471 00:26:22,640 --> 00:26:24,840 Speaker 1: Garrett Gentry, you can't see it because we're on the radio, 472 00:26:24,880 --> 00:26:27,480 Speaker 1: but I just saw you cringed. You cringed when I 473 00:26:27,520 --> 00:26:31,680 Speaker 1: said that. Okay, So, so do you support to the 474 00:26:31,720 --> 00:26:35,119 Speaker 1: Republican I mean, like, listen, I get what Sender warrens doing. Obviously, 475 00:26:35,160 --> 00:26:36,919 Speaker 1: I don't agree with a lot of her policies on 476 00:26:37,000 --> 00:26:39,440 Speaker 1: Wall Street and regulation, but I get what she's trying 477 00:26:39,480 --> 00:26:41,600 Speaker 1: to do, and I think what it is is the 478 00:26:41,920 --> 00:26:45,480 Speaker 1: I think she's trying to take the left leaning approach 479 00:26:45,560 --> 00:26:48,400 Speaker 1: to populism right now, um to try and peel off 480 00:26:48,400 --> 00:26:52,199 Speaker 1: a lot of the voters in Michigan and Pennsylvania, Wisconsin 481 00:26:52,240 --> 00:26:55,320 Speaker 1: that may be voted for President Obama but shifted over 482 00:26:55,359 --> 00:26:58,439 Speaker 1: to President Trump. And so I think her play is 483 00:26:58,480 --> 00:27:00,520 Speaker 1: to be the left leaning version of Trump on a 484 00:27:00,560 --> 00:27:04,240 Speaker 1: lot of these parts. Glass Steagle, it was a Roosevelt 485 00:27:04,280 --> 00:27:09,880 Speaker 1: Depression era regulation that divided commercial and investment banking, so 486 00:27:09,920 --> 00:27:14,240 Speaker 1: a financial institution couldn't get into commercial and investment banking. 487 00:27:14,680 --> 00:27:16,400 Speaker 1: What she wants to do is bring it back. Guess 488 00:27:16,400 --> 00:27:19,800 Speaker 1: what it was repealed back in the nineties, back in 489 00:27:19,840 --> 00:27:22,680 Speaker 1: the nineties. Yep, and this christ And so I think, 490 00:27:22,720 --> 00:27:24,919 Speaker 1: I think this, I think, And she's got she's got 491 00:27:25,000 --> 00:27:27,000 Speaker 1: multiple parts of this plan, right, So she's got she's 492 00:27:27,040 --> 00:27:30,240 Speaker 1: working her politics optical, her Wall Street politics out. So 493 00:27:30,359 --> 00:27:31,879 Speaker 1: there you have that was I think a lot of 494 00:27:31,880 --> 00:27:34,919 Speaker 1: people can get behind. Right. But then you've got what 495 00:27:35,000 --> 00:27:39,080 Speaker 1: she's doing to the private equity industry. So basically she's 496 00:27:39,160 --> 00:27:42,199 Speaker 1: she would she would completely remodel how you know, private 497 00:27:42,200 --> 00:27:45,399 Speaker 1: equity is structured. They're very much against it. I was 498 00:27:45,440 --> 00:27:48,440 Speaker 1: just the vampire. Yeah, she calls them vampires. But I 499 00:27:48,480 --> 00:27:50,480 Speaker 1: think you have to be careful about like kneecapping private 500 00:27:50,480 --> 00:27:54,359 Speaker 1: equity for political support. Um. And this is why, because 501 00:27:54,440 --> 00:27:56,879 Speaker 1: you know, it's they can be a job creators. Right. 502 00:27:56,920 --> 00:27:59,679 Speaker 1: You look at companies like Dollar General and others, but 503 00:28:01,160 --> 00:28:04,360 Speaker 1: of private equities partners or pensions. Now, so you have teachers, 504 00:28:04,359 --> 00:28:06,880 Speaker 1: pensions and other pensions that are putting, you know, more 505 00:28:06,880 --> 00:28:09,320 Speaker 1: and more choosing their money to put into private equity 506 00:28:09,359 --> 00:28:13,480 Speaker 1: because they get a better return on their investment. So 507 00:28:13,600 --> 00:28:15,800 Speaker 1: you know, I think that they're like like any issues 508 00:28:15,880 --> 00:28:17,520 Speaker 1: there are a number of different sides, you know what 509 00:28:17,600 --> 00:28:19,639 Speaker 1: private I mean, she's going after the base of the 510 00:28:19,680 --> 00:28:23,920 Speaker 1: party and Matt Coradoni, who works for Seth Malton's presidential campaign. 511 00:28:23,920 --> 00:28:25,679 Speaker 1: I gotta be blunt here. I mean, this is like 512 00:28:26,119 --> 00:28:29,199 Speaker 1: essentially this is going to play out on that debate stage. 513 00:28:29,480 --> 00:28:33,120 Speaker 1: I don't know, to a former senator from Delaware, Biden, 514 00:28:33,680 --> 00:28:37,240 Speaker 1: I mean, she's essentially targeting out a lane or crafting 515 00:28:37,240 --> 00:28:41,040 Speaker 1: out elane for herself. That says, I'm to the one 516 00:28:41,080 --> 00:28:43,760 Speaker 1: tick to the middle of Bernie Sanders, and I've got 517 00:28:43,760 --> 00:28:47,760 Speaker 1: a plan, and I'm way to the left of Joe Biden. Yeah. 518 00:28:47,800 --> 00:28:50,800 Speaker 1: But I think the you know phrase vampires, Um I 519 00:28:50,800 --> 00:28:52,320 Speaker 1: was gonna say in general is that we can't be 520 00:28:52,400 --> 00:28:56,080 Speaker 1: using devisive rhetoric in general when talking about the economy. Um. 521 00:28:56,160 --> 00:28:59,120 Speaker 1: You know, I think Democrats oftentimes fall into this trap 522 00:28:59,160 --> 00:29:01,800 Speaker 1: of us versus them as opposed to just talking about 523 00:29:01,800 --> 00:29:04,840 Speaker 1: economic fairness more broadly, which is something that my boss 524 00:29:04,840 --> 00:29:08,280 Speaker 1: has done, um, you know, just throughout his career, and 525 00:29:08,320 --> 00:29:10,560 Speaker 1: I know Christen's worked on with the Blue Dog Coalition, 526 00:29:10,680 --> 00:29:14,360 Speaker 1: just talking about broad economic fairness, not trying to pick 527 00:29:14,680 --> 00:29:17,360 Speaker 1: one group against another. And so I think She's gonna 528 00:29:17,440 --> 00:29:21,080 Speaker 1: hit some issues there where people don't necessarily want to 529 00:29:21,160 --> 00:29:23,360 Speaker 1: hear that type of rhetoric and think of us, This 530 00:29:23,440 --> 00:29:26,080 Speaker 1: isn't us versus them system. I think it plays well 531 00:29:26,120 --> 00:29:29,160 Speaker 1: to the base, because we know the Democratic base lives 532 00:29:29,240 --> 00:29:31,719 Speaker 1: on Twitter and on the coasts and doesn't make up 533 00:29:31,720 --> 00:29:34,680 Speaker 1: the voters that we need to win in places like Michigan, 534 00:29:34,720 --> 00:29:37,959 Speaker 1: Ohio and Pennsylvania where people you know, aspire to have 535 00:29:38,080 --> 00:29:40,640 Speaker 1: this American dream and think that one day they're being 536 00:29:40,640 --> 00:29:43,960 Speaker 1: a position hopefully to be making this type of money 537 00:29:43,960 --> 00:29:46,360 Speaker 1: and wanted to benefit from the system. You know, there's 538 00:29:46,360 --> 00:29:49,000 Speaker 1: an orbit inside of the White House, inside of six 539 00:29:49,280 --> 00:29:53,160 Speaker 1: hundred Pennsylvania Avenue, the Steve ben and wing of the 540 00:29:53,200 --> 00:29:57,640 Speaker 1: advisors surrounding President Donald Trump that I gotta be candid 541 00:29:57,680 --> 00:30:01,640 Speaker 1: here because they would like Alas Stiegel and look there's 542 00:30:01,680 --> 00:30:04,640 Speaker 1: a wing of Republicanism including are you ready for this, 543 00:30:05,160 --> 00:30:08,360 Speaker 1: the late Senator John McCain. He actually was a co 544 00:30:08,600 --> 00:30:11,880 Speaker 1: sponsor on the model on the Modernization Act of of 545 00:30:12,040 --> 00:30:14,960 Speaker 1: of reimposing Glass Steagle and I can hear I could 546 00:30:15,000 --> 00:30:18,760 Speaker 1: hear Rob Nichols at the at the AA shuddering as 547 00:30:18,800 --> 00:30:20,800 Speaker 1: I'm saying all of this because the banking industry is 548 00:30:20,880 --> 00:30:25,120 Speaker 1: so against reimposing Glass Steagle. But they're like, this is 549 00:30:25,240 --> 00:30:30,680 Speaker 1: something in the American political uh zeitgeist, to quote Tom 550 00:30:30,840 --> 00:30:34,400 Speaker 1: Keane of Bloomberg, that really exists on both There's a 551 00:30:34,480 --> 00:30:37,280 Speaker 1: streak of this on both sides. Christie. Yeah, and it 552 00:30:37,360 --> 00:30:39,640 Speaker 1: goes I mean, it goes along with her political philosophy. 553 00:30:39,640 --> 00:30:43,280 Speaker 1: I mean there's you didn't see the largest backlash, you 554 00:30:43,360 --> 00:30:46,240 Speaker 1: know that, the large the backlash you would you would expect, 555 00:30:46,280 --> 00:30:48,400 Speaker 1: you have seen immediately. Now. I think people are playing 556 00:30:48,440 --> 00:30:50,000 Speaker 1: their cards right and trying to figure out what do 557 00:30:50,040 --> 00:30:52,840 Speaker 1: you mean business? But it's kind of like the enemy, 558 00:30:52,880 --> 00:30:56,560 Speaker 1: you know, maybe you know because she you know, nobody 559 00:30:56,640 --> 00:30:59,880 Speaker 1: wants Bernie in there. I mean, so so Alicia was nobody. 560 00:31:00,000 --> 00:31:02,760 Speaker 1: A lot of people driving over who do want? I 561 00:31:02,840 --> 00:31:05,280 Speaker 1: refused to accept that. I refused to said that. But 562 00:31:05,720 --> 00:31:08,640 Speaker 1: you know, this is not a whole scale defensive Elizabeth Warman. 563 00:31:08,720 --> 00:31:10,280 Speaker 1: But you know, you know what she's doing, you know 564 00:31:10,320 --> 00:31:13,120 Speaker 1: where she's going, and she she unequivocally, I have to say, 565 00:31:13,200 --> 00:31:16,320 Speaker 1: when asked whether she was a capitalist, said yes, which 566 00:31:16,440 --> 00:31:19,200 Speaker 1: is frustrating that we have to answer that question now 567 00:31:19,240 --> 00:31:23,480 Speaker 1: as Democratic candidates. But she did not severnone is aggressively 568 00:31:23,520 --> 00:31:36,520 Speaker 1: a capitalist. I mean, he said, sorry, Deanie ran for 569 00:31:36,680 --> 00:31:38,440 Speaker 1: we ran for Congress. He said, I would have never 570 00:31:38,520 --> 00:31:40,800 Speaker 1: even thought that. Some of the company and say are 571 00:31:40,880 --> 00:31:43,040 Speaker 1: you a socialist or a capitalist? He would just say 572 00:31:43,080 --> 00:31:45,320 Speaker 1: I'm a democrat. And now it's a question you actually 573 00:31:45,360 --> 00:31:47,560 Speaker 1: have to answer in our party, which I think is 574 00:31:47,640 --> 00:31:49,840 Speaker 1: an issue, and it you know, it could hurt us 575 00:31:49,960 --> 00:31:52,000 Speaker 1: going into the general election if we don't choose the 576 00:31:52,080 --> 00:31:55,240 Speaker 1: right nominee. All Right, it is a million degrees outside 577 00:31:55,680 --> 00:31:58,760 Speaker 1: and I just feel like every time, make sure everybody's 578 00:31:58,840 --> 00:32:03,240 Speaker 1: drinking water, because the only thing hotter than than outside 579 00:32:03,440 --> 00:32:06,719 Speaker 1: is like the fiery rhetoric in American politics right now. 580 00:32:06,840 --> 00:32:09,280 Speaker 1: But I'm want I need to go home. They need 581 00:32:09,360 --> 00:32:12,160 Speaker 1: to go home, you know, and and leave. This is 582 00:32:12,160 --> 00:32:14,400 Speaker 1: why august rasis is a good thing. Well, this heat 583 00:32:14,440 --> 00:32:18,760 Speaker 1: has me like exhausted. Oh well you exhausted is like 584 00:32:19,360 --> 00:32:23,680 Speaker 1: my most excited day whatever. Alright, I want to thank 585 00:32:23,720 --> 00:32:27,120 Speaker 1: you every that's very kind of I want to thank 586 00:32:27,640 --> 00:32:30,120 Speaker 1: everybody for for coming in that Corridoni come back and 587 00:32:30,160 --> 00:32:32,880 Speaker 1: see us, have seth come back and see us. Garrett Ventry, 588 00:32:32,960 --> 00:32:35,240 Speaker 1: Kristen Hall, and I'm Kevin Serli. Download the sound on 589 00:32:35,320 --> 00:32:38,040 Speaker 1: podcasts on Apple iTunes, at Bloomberg dot com, or by 590 00:32:38,040 --> 00:32:40,320 Speaker 1: downloading the Bloomberg Business app. You can also find me 591 00:32:40,440 --> 00:32:43,720 Speaker 1: on Radio dot com, I Heart Radio, and Spotify. You're 592 00:32:43,800 --> 00:32:44,760 Speaker 1: listening to Bloomberg