WEBVTT - Democrats Face the Aftermath of Biden’s Debate Performance

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News. Welcome to voter Nomics,

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<v Speaker 1>where politics and markets collide, and we're doing an emergency

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<v Speaker 1>episode today, not just talking about all the elections around

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<v Speaker 1>the world, but talking specifically about the debate between Donald

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<v Speaker 1>Trump and Joe Biden more or less universally agreed to

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<v Speaker 1>have been a bad night, shall we say, for Joe Biden,

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<v Speaker 1>and we're going to be talking about this with two

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<v Speaker 1>people well positioned to have not just instant instant considered reaction,

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<v Speaker 1>if that isn't a contradiction in terms with us. In

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<v Speaker 1>the London studio, Tim O'Brien, senior executive editor of Bloomberg

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<v Speaker 1>Opinion and author of Trump Nation, The Art of Being

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<v Speaker 1>the Donald, and joining us from Atlanta, where the debate

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<v Speaker 1>was running on Sure Knowsley and Coffee, and he says

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<v Speaker 1>some fumes Bloomberg reporter and the host of Bloomberg's Big

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<v Speaker 1>Take podcast, David go. David, thank you in particularly because

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<v Speaker 1>I know that you've had a long night. You were

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<v Speaker 1>doing lots on Bloomberg Television for us, and you've already

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<v Speaker 1>put out an episode of the Big Take podcast on this,

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<v Speaker 1>I guess for many Democrats rather unhappy toppic.

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<v Speaker 2>Great to be here.

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<v Speaker 1>So I know CNN, who were hosting the debate and

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<v Speaker 1>broadcasting it, had a lot of constraints. So not only

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<v Speaker 1>was it sort of unusual in having no audience, but

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<v Speaker 1>I believe basically there were other reporters were not allowed

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<v Speaker 1>in the room. So what was your experience in Atlanta?

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<v Speaker 2>Yes, the debate took place in a CNN studio in

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<v Speaker 2>downtown Atlanta, and we the reporters, were in the basketball

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<v Speaker 2>arena at Georgia Tech, so not too far geographically from

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<v Speaker 2>the site of the debate, but we weren't in the

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<v Speaker 2>room itself, and so we sat around the concourse in

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<v Speaker 2>this arena during the debate itself and watched it on

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<v Speaker 2>a JumboTron in the middle, and there were TV screens

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<v Speaker 2>all around the concourse as well, and on the floor

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<v Speaker 2>where the basketball court usually is, there was a red

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<v Speaker 2>carpet and leading up to the debate and afterward that

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<v Speaker 2>was transformed into this spin room, spin floor, and surrogates

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<v Speaker 2>for each of the candidates came out and greeted reporters

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<v Speaker 2>and fielded their questions. So I watched the debate unfold

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<v Speaker 2>that way, and I think what stands out to me

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<v Speaker 2>is how once the debate ended, there was an intense

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<v Speaker 2>quiet in the arena. We made our way down to

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<v Speaker 2>the floor, and then all of a sudden, there was

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<v Speaker 2>kind of a crush of Republican surrogate circuits for Donald Trump,

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<v Speaker 2>who came onto the floor to field questions, holding up signs,

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<v Speaker 2>and reporters flocked to them. But we had to wait

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<v Speaker 2>a good ten or fifteen minutes before any Democrats came out,

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<v Speaker 2>and finally we saw Governor Gavin Neussom of California Senator

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<v Speaker 2>Raphael Warnick of Georgia. They stood together, reporters gathered around them.

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<v Speaker 2>But it's clear that in those ten or fifteen minutes,

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<v Speaker 2>in that vacuum, there must have been a lot of

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<v Speaker 2>soul searching and a lot of effort that went into

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<v Speaker 2>how to spin this in any positive light.

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<v Speaker 1>The mind boggles. I mean, when you sign up to

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<v Speaker 1>via surrogate Nina that it could go badly, but then

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<v Speaker 1>you sort of feel like you almost become like an

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<v Speaker 1>undertaker in the trying to talk about how Biden performed.

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<v Speaker 1>I think we know many people listening to this will

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<v Speaker 1>have either watched it in the US or around the

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<v Speaker 1>world or certainly seen some of the most damning clips.

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<v Speaker 1>We're seeing a lot of commentators talking about this is

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<v Speaker 1>the moment, the beginning of the end of the Biden presidency.

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<v Speaker 1>I saw one person many people calling for him to

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<v Speaker 1>stand down. How serious do you sense that is in

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<v Speaker 1>among senior Democrats and in the White House? Or is

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<v Speaker 1>that also a sort of moment of silence where people

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<v Speaker 1>are still just trying to compute that it happened.

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<v Speaker 2>There were a lot of whispers about the president's capacity

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<v Speaker 2>to serve a second term. I think that this has

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<v Speaker 2>amplified those whispers, and you talk about senior Democrats. As

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<v Speaker 2>I watched the response to this on television and saw

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<v Speaker 2>surrogates and others in that arena last night, I noticed

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<v Speaker 2>that a lot of graybeards in the party is now

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<v Speaker 2>types who have been big backers of the Bidens felt.

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<v Speaker 2>I don't know if emboldened is the right word, but

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<v Speaker 2>able to talk about the president's age and capacity in

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<v Speaker 2>a way that they hadn't before. So I think that

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<v Speaker 2>we're at a moment where the next forty eight or

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<v Speaker 2>seventy two hours are going to be key in terms

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<v Speaker 2>of how large that conversation gets, how all encompassing it

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<v Speaker 2>gets and plenty of people have drawn the analogy to

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<v Speaker 2>nineteen sixty eight when LBJA addressed the nation and said

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<v Speaker 2>that he wasn't going to seek a second term. I'll

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<v Speaker 2>point out that happened in March of that exactly, the

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<v Speaker 2>primaries were still very much underway. And I think the

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<v Speaker 2>trickiness of this moment is Joe Biden has been the

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<v Speaker 2>presumptive nominee now for such a long time. Yes, there

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<v Speaker 2>have been some Democrats who have made these outsider runs

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<v Speaker 2>to succeed him, but that hasn't happened, and so I

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<v Speaker 2>think that the actual procedure by which that would happen

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<v Speaker 2>is so unclear. It certainly colors and shapes the conversation

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<v Speaker 2>that we're going to have here in the next few days.

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<v Speaker 3>Tim O'Brien, Stephanie, are you in your sort of bones,

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<v Speaker 3>do you think that this will be the beginning of

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<v Speaker 3>a process that sees Biden no longer the candidate or

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<v Speaker 3>do we have to fall back to all the same

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<v Speaker 3>reasons why we didn't think that was likely a few

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<v Speaker 3>months ago, or even nine months ago.

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<v Speaker 4>Well, I think it raises the stakes. Clearly. He's badly

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<v Speaker 4>damaged by this debate. It's a monumental set back. He

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<v Speaker 4>had one job in that debate, which was to convince

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<v Speaker 4>voters he could stand shoulder to shoulder with Donald Trump

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<v Speaker 4>and displays much energy in an acute mind, and an

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<v Speaker 4>ability to defend some of the core policy issues that

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<v Speaker 4>the Democrats are steaking this campaign around. And he failed

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<v Speaker 4>and failed and failed, and he failed spectacularly to the

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<v Speaker 4>extent that I think actually probably his own team wasn't

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<v Speaker 4>fully prepared for how bad this would be. The you know,

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<v Speaker 4>the reality of removing him or coaching him to remove

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<v Speaker 4>himself or Biden himself willingly letting go is somewhat complex.

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<v Speaker 4>He controls the delegates that have been pledged to him. Historically,

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<v Speaker 4>in the United States, conventions were venues in which there

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<v Speaker 4>were real hashing out of who the nominee would be,

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<v Speaker 4>and that stopped around nineteen sixty I think JFK was

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<v Speaker 4>the last presidential candidate who was in a convention where

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<v Speaker 4>there was actual brokeraing going on on the floor. So

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<v Speaker 4>that's sixty four years ago, and I think we're there's

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<v Speaker 4>a possibility that this August we actually might have a

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<v Speaker 4>broker convention. And because certainly anybody in the party I

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<v Speaker 4>think with a sense of strategic wiliness and tactical import

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<v Speaker 4>is back on their heels. At a minimum, they're gonna

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<v Speaker 4>I think they're gonna be. There's gonna be a lot

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<v Speaker 4>of polling to see how badly Biden's hemorrhaging support. And

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<v Speaker 4>so then if the if the idea becomes he doesn't

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<v Speaker 4>to rescue this bid for the Democrats and to staunch

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<v Speaker 4>some of the I think unusual threats Donald Trump presents.

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<v Speaker 4>How do you deal with that? There's first a small

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<v Speaker 4>handful of people who would talk to Joe Biden, and

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<v Speaker 4>the most important is his wife Jill and his sister Valerie,

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<v Speaker 4>who are easily his two closest advisors. And then there's

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<v Speaker 4>a handful of White House professionals, might Donald in chief

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<v Speaker 4>of chief among them Ron Plain and Anita Dunn, and

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<v Speaker 4>they all would gradually have to say it might be

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<v Speaker 4>in the best interests of the party in this election

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<v Speaker 4>for you to willingly release your delegates. If he says no,

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<v Speaker 4>then it gets into kind of raw and interesting mud wrestling.

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<v Speaker 4>And I don't think anyone has an idea of what

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<v Speaker 4>that would look like. So there's that if he does

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<v Speaker 4>release his delegates, and he does decide to step aside,

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<v Speaker 4>there is not a clear person to who's waiting in

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<v Speaker 4>the wings to take on me. Obviously, Kamala Harris's vice

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<v Speaker 4>president is an obvious go to. There's not unified support

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<v Speaker 4>for her for a number of reasons on policy issues,

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<v Speaker 4>she hasn't been as firm on her feet at certain

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<v Speaker 4>moments as people would want. I also think the fact

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<v Speaker 4>that she's a woman and a loan of color has

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<v Speaker 4>weighed against her, so that she if she wants this,

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<v Speaker 4>she has to play for it. There's Gavin Newsom, the

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<v Speaker 4>governor of California, at Gretchen Whitmer, the governor of Michigan.

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<v Speaker 4>They're all going to be in the wings. So there's

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<v Speaker 4>both what will buy do and then what happens if

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<v Speaker 4>he does it, and all of that's up in the air.

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<v Speaker 1>I mean, he's certainly been quite stubborn to date, and

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<v Speaker 1>if he was in denial about his mental state, then

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<v Speaker 1>probably the only one who wasn't surprised by his performance

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<v Speaker 1>last night may have been Joe Biden. But I remember

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<v Speaker 1>Israel Kline, the The York Times columnist and obviously podcast host.

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<v Speaker 1>He had pitched this whole thing, and I think he

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<v Speaker 1>got a lot of blowback from others in the Democratic

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<v Speaker 1>Party a few months ago where he talked about actually

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<v Speaker 1>this kind of scenario that you would go a few

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<v Speaker 1>months things would not be getting better in the polls.

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<v Speaker 1>He obviously didn't foresee a debate that was as catastrophic

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<v Speaker 1>as last night. And the point he made was there

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<v Speaker 1>had been a fear around an open convention and a

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<v Speaker 1>sort of quote unquote brawl if it happens in a

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<v Speaker 1>convention setting, but actually for a set of voters who

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<v Speaker 1>were quote unquotes double haters and are fed up with

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<v Speaker 1>both candidates very unenthusiastic. The people voting for Trump, many

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<v Speaker 1>of them not enthusiastically doing so, unlike twenty sixteen. In

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<v Speaker 1>that context, actually a lively fight for the candidate candidacy

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<v Speaker 1>at an in Chicago where you have a number of

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<v Speaker 1>credible candidates could actually be a way to energize support

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<v Speaker 1>for Democrats. David, do you think there's anything in that,

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<v Speaker 1>because we now seem to be a little bit closer

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<v Speaker 1>to that scenario than we were.

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<v Speaker 2>I mean, something that stood out to me as I

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<v Speaker 2>watched his surrogates yesterday is how young they all are

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<v Speaker 2>compared to him, And so I mentioned Gavin Newsom coming

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<v Speaker 2>out at the end of the debate after the debate concluded.

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<v Speaker 2>He was on the floor before it, and he's a

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<v Speaker 2>quarter of a century younger than Joe Biden.

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<v Speaker 3>And.

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<v Speaker 1>Everybody's younger there.

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<v Speaker 2>Yeah, yeah, we joked, you know who is enjoying this

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<v Speaker 2>more than Gavin Newsom himself just being out on the

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<v Speaker 2>floor and greeting reporters and batting down these questions of

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<v Speaker 2>is he the backup candidate if something were to happen

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<v Speaker 2>for Joe Biden, who pushed that out of the way

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<v Speaker 2>quite quickly.

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<v Speaker 4>And David a quarter century younger still makes him fifty six,

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<v Speaker 4>because that's.

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<v Speaker 2>How exactly exactly I think that we could have that.

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<v Speaker 2>I think what's interesting too about as Reclined is that

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<v Speaker 2>he wrote that got that blowback, and then he was

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<v Speaker 2>one among many converts who saw the State of the

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<v Speaker 2>Union address and thought that Joe Biden had pulled it off.

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<v Speaker 2>And I think that fueled a lot of optimism about

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<v Speaker 2>how this debate was going to go among those who

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<v Speaker 2>had been skeptical about the Presidence performance in this debate.

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<v Speaker 2>Going back to something that Tim said that I want

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<v Speaker 2>to hit on is I think once I watched the

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<v Speaker 2>debate start, I began to think that there was a

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<v Speaker 2>bit of perhaps political malpractice. I mean, this is a

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<v Speaker 2>debate that the Biden campaign wanted to have earlier than usual. Customarily,

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<v Speaker 2>these debates don't happen until the parties have picked their nominees,

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<v Speaker 2>and that didn't happen here. And I think Tim's hitting

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<v Speaker 2>on something. Joe Biden, of course, has been a politician

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<v Speaker 2>for a very long time and has a very close

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<v Speaker 2>circle of allies and advisors. The shorthand forward is Biden World,

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<v Speaker 2>and I think that there has to be some element

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<v Speaker 2>of soul searching that's going to happen now about why

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<v Speaker 2>didn't anyone speak up? Why didn't anyone sound the alarm

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<v Speaker 2>about this? I mean, the drum of commentary heading into

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<v Speaker 2>this debate from those people in particular and their friends

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<v Speaker 2>on cable TV here in the United States has been

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<v Speaker 2>there's no way that he's going to batch this. The

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<v Speaker 2>bar is low. He's definitely going to clear this bar.

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<v Speaker 2>And if this was a real concern that he perhaps

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<v Speaker 2>has good days and bad days, and there wasn't a

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<v Speaker 2>guarantee that this was going to be a success like

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<v Speaker 2>the State of the Union. They put him in a

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<v Speaker 2>very tricky position. I mean, he may very well have

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<v Speaker 2>wanted to be in that position, but one would think

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<v Speaker 2>that there would have been more protection and they would

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<v Speaker 2>have done more to prevent what happened yesterday from taking place.

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<v Speaker 1>Yeah, and I think that's interesting because you do feel,

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<v Speaker 1>among many other lots of sort of soul searching, it

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<v Speaker 1>does go back to the judgment question, the judgment of

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<v Speaker 1>his team not only putting him up for this, but

0:11:35.040 --> 0:11:39.040
<v Speaker 1>as you intimate, setting the terms of the debate, which

0:11:39.480 --> 0:11:41.679
<v Speaker 1>in a way that even at the time seemed to

0:11:41.920 --> 0:11:45.200
<v Speaker 1>oddly favor Donald Trump. You know, he was unpopular in

0:11:45.320 --> 0:11:49.480
<v Speaker 1>the past debates for having spoken over Joe Biden and

0:11:49.520 --> 0:11:52.120
<v Speaker 1>for seeming sort of seeming like a bully. But if

0:11:52.120 --> 0:11:55.240
<v Speaker 1>you silence the microphones, if you don't have any fact

0:11:55.320 --> 0:11:59.960
<v Speaker 1>checking in real time from the hosts, that all these

0:12:00.080 --> 0:12:02.760
<v Speaker 1>people all these months who've said, no, really, he's fine.

0:12:02.880 --> 0:12:04.400
<v Speaker 1>I mean, David, do you think that's also going to

0:12:04.440 --> 0:12:08.480
<v Speaker 1>bounce back on senior Democrats who have insisted that he's

0:12:08.520 --> 0:12:10.880
<v Speaker 1>absolutely on top of everything, because it was very hard

0:12:11.320 --> 0:12:13.160
<v Speaker 1>for many people to believe that watching him.

0:12:13.679 --> 0:12:16.720
<v Speaker 2>Yeah, I was struck, especially by Claire mccaskell, the former senator,

0:12:16.720 --> 0:12:19.680
<v Speaker 2>who spoke immediately after this and just acknowledged the fact

0:12:19.679 --> 0:12:21.880
<v Speaker 2>that he had this job to do and couldn't do it.

0:12:21.920 --> 0:12:23.560
<v Speaker 2>As Tim laid out at the top, it just it

0:12:23.600 --> 0:12:27.760
<v Speaker 2>didn't work. And the objective was fairly simple here. You know,

0:12:27.920 --> 0:12:30.120
<v Speaker 2>you look at how these two candidates prepared for this debate,

0:12:30.280 --> 0:12:32.840
<v Speaker 2>and Joe Biden did it in a very traditional way.

0:12:32.920 --> 0:12:35.800
<v Speaker 2>He absconded to Camp David outside of Washington, d C.

0:12:36.400 --> 0:12:39.120
<v Speaker 2>Hold up with his advisors, did, as we understand it,

0:12:39.160 --> 0:12:41.439
<v Speaker 2>a few rounds of mock debates to get ready for this.

0:12:42.760 --> 0:12:46.200
<v Speaker 2>It was astonishing that that yielded nothing in terms of

0:12:46.800 --> 0:12:49.520
<v Speaker 2>canned lines that he might use to rankle Donald Trump,

0:12:50.040 --> 0:12:53.160
<v Speaker 2>or to emphasize how his policies are different, or to

0:12:53.240 --> 0:12:57.360
<v Speaker 2>underscore when Donald Trump was lying or bending the truth,

0:12:57.600 --> 0:13:00.880
<v Speaker 2>or has happened sort of completely off ffiscating what happened

0:13:00.920 --> 0:13:03.400
<v Speaker 2>with January the sixth, then with the COVID nineteen pandemic.

0:13:03.720 --> 0:13:05.360
<v Speaker 2>There were such extremes here and we knew going into

0:13:05.400 --> 0:13:07.319
<v Speaker 2>this debate. We talk about the rules. I mean, I

0:13:07.360 --> 0:13:09.520
<v Speaker 2>think that Dana Bash and Jake Tapper, the two CNN

0:13:09.520 --> 0:13:12.360
<v Speaker 2>anchors who moderated had said their job here wasn't to

0:13:12.640 --> 0:13:15.960
<v Speaker 2>fact check it in real time, but absent that, it

0:13:16.040 --> 0:13:19.280
<v Speaker 2>rested upon Joe Biden to do that. And I think

0:13:19.320 --> 0:13:20.840
<v Speaker 2>that may be in one of the greatest failings of

0:13:20.880 --> 0:13:22.719
<v Speaker 2>this that Donald Trump spewed a lot of lies which

0:13:22.760 --> 0:13:24.880
<v Speaker 2>were used to at this point, but Joe Biden did

0:13:24.880 --> 0:13:26.920
<v Speaker 2>nothing in the face of that to acknowledge or emphasize

0:13:26.960 --> 0:13:28.319
<v Speaker 2>the fact that these were all in truth.

0:13:28.760 --> 0:13:30.960
<v Speaker 1>Yeah, I guess that was one other conclusion you could

0:13:31.000 --> 0:13:33.800
<v Speaker 1>draw that actually, lots of other people could have beaten

0:13:33.840 --> 0:13:35.640
<v Speaker 1>Donald Trump, that he would not have been hard to

0:13:35.679 --> 0:13:38.160
<v Speaker 1>beat in that debate, just he was extremely hard to

0:13:38.200 --> 0:13:39.800
<v Speaker 1>beat by Jay Biden, Right.

0:13:39.840 --> 0:13:42.840
<v Speaker 4>I don't think he was perceived as a convicted felon

0:13:43.120 --> 0:13:45.680
<v Speaker 4>and someone who had been found guilty of sexual assault

0:13:45.720 --> 0:13:48.760
<v Speaker 4>and twice impeached and foamed in an insurrection. He came

0:13:48.800 --> 0:13:51.760
<v Speaker 4>off as an energetic frat boy ready to get into

0:13:51.800 --> 0:13:53.800
<v Speaker 4>a bar fight, and at the moments on the I

0:13:53.840 --> 0:13:56.760
<v Speaker 4>think on the debate screen where he was perplexed by

0:13:56.840 --> 0:14:01.000
<v Speaker 4>Biden's ineptitude, he looked like an avatar. Are for everyone

0:14:01.080 --> 0:14:04.719
<v Speaker 4>watching the show who was also confused by Biden's inability

0:14:04.720 --> 0:14:08.040
<v Speaker 4>to land a blow, you know, and David raised his

0:14:08.120 --> 0:14:10.920
<v Speaker 4>good point about you know, the prep lines and and

0:14:10.920 --> 0:14:14.520
<v Speaker 4>and the policy lines that that didn't come up. I

0:14:14.559 --> 0:14:16.640
<v Speaker 4>almost think it's even it's it's it is definitely that,

0:14:16.679 --> 0:14:19.200
<v Speaker 4>as David pointing out. And it's even worse because I

0:14:19.200 --> 0:14:22.320
<v Speaker 4>think a couple of moments he tried to yes and

0:14:22.320 --> 0:14:26.480
<v Speaker 4>and either his response has meandered into sort of, oh

0:14:26.600 --> 0:14:28.760
<v Speaker 4>grandpa was walking around in the woods late at night

0:14:28.800 --> 0:14:33.960
<v Speaker 4>in his pajamas or uh. He mangled the point of

0:14:34.000 --> 0:14:37.000
<v Speaker 4>the line and it was painful to watch. And sometimes

0:14:37.000 --> 0:14:39.160
<v Speaker 4>when Trump was giving an answer, they'd have it, you know,

0:14:39.320 --> 0:14:42.000
<v Speaker 4>side by side on the TV screen, and and.

0:14:41.720 --> 0:14:43.520
<v Speaker 1>And the other point you think, how would you have

0:14:43.560 --> 0:14:44.920
<v Speaker 1>allowed the side by sides?

0:14:45.160 --> 0:14:47.680
<v Speaker 4>Yeah, and you know Biden's slack jaw or or he's

0:14:47.680 --> 0:14:51.040
<v Speaker 4>looking off vacant and and and you sort of want

0:14:51.040 --> 0:14:52.840
<v Speaker 4>to put a warm blanket around his shoulders and lead

0:14:52.880 --> 0:14:56.000
<v Speaker 4>him off stage. And that's you know that TV is

0:14:56.040 --> 0:14:59.560
<v Speaker 4>a visual medium medium and in a debate, you know,

0:14:59.640 --> 0:15:02.520
<v Speaker 4>famous see Richard Nixon was sweating because he had a

0:15:02.520 --> 0:15:05.560
<v Speaker 4>fever and he hadn't really shaved, and people who listened

0:15:05.600 --> 0:15:08.320
<v Speaker 4>to the Kennedy Nixon debate on the radio thought Nixon

0:15:08.360 --> 0:15:10.840
<v Speaker 4>and one people watched on TV were like, this guy

0:15:11.000 --> 0:15:13.600
<v Speaker 4>looks like he's an unhealthy thug, and why would we

0:15:13.680 --> 0:15:14.240
<v Speaker 4>vote for him?

0:15:14.680 --> 0:15:17.920
<v Speaker 2>And it's a delicious thing just to interject, because Mark Thompson,

0:15:17.960 --> 0:15:19.960
<v Speaker 2>the head of CNN ahead of this, said he wanted

0:15:19.960 --> 0:15:22.080
<v Speaker 2>this debate to hearken back to that tim He wanted

0:15:22.120 --> 0:15:25.120
<v Speaker 2>to have this kind of spare, slim down version of

0:15:25.160 --> 0:15:27.240
<v Speaker 2>the debate, and so to have that element of a

0:15:27.320 --> 0:15:28.920
<v Speaker 2>Canady yes was ailing. I mean, that's what we heard

0:15:28.960 --> 0:15:31.200
<v Speaker 2>sort of minutes into this debate that Joe Biden had

0:15:31.200 --> 0:15:32.720
<v Speaker 2>a cold and that was what was causing all of this.

0:15:32.840 --> 0:15:35.400
<v Speaker 2>It's I mean, it's a delicious parallel that you're bringing

0:15:35.480 --> 0:15:35.760
<v Speaker 2>up there.

0:15:35.880 --> 0:15:37.480
<v Speaker 4>And you know, one of the clips I think that

0:15:37.520 --> 0:15:39.360
<v Speaker 4>went viral, or one of the moments that went viral,

0:15:39.520 --> 0:15:44.480
<v Speaker 4>was when he tried to explain how the administration and

0:15:44.560 --> 0:15:47.800
<v Speaker 4>Democrats had bulked up Medicaid and had delivered better health

0:15:47.800 --> 0:15:50.320
<v Speaker 4>care to Americans and there was a long pause where

0:15:50.320 --> 0:15:53.640
<v Speaker 4>he didn't talk, and he ended up, you know, as

0:15:53.760 --> 0:15:55.920
<v Speaker 4>was well known now, saying, you know, we killed Medicaid.

0:15:56.480 --> 0:15:59.560
<v Speaker 4>It happened on immigration, it happened on abortion. It happened

0:15:59.560 --> 0:16:03.400
<v Speaker 4>on the I mean, inflation, all the touch points, and

0:16:03.440 --> 0:16:06.000
<v Speaker 4>it was just very painful to watch because Joe Biden

0:16:06.000 --> 0:16:08.920
<v Speaker 4>in twenty twenty beat Donald Trump twice in debates and

0:16:09.040 --> 0:16:11.720
<v Speaker 4>owned him. And so this obviously is a much more

0:16:11.840 --> 0:16:15.560
<v Speaker 4>I think adult and challenged person this time around, who

0:16:15.560 --> 0:16:18.200
<v Speaker 4>has been a great public servant, but maybe a year

0:16:18.200 --> 0:16:21.080
<v Speaker 4>ago should have said the best thing i can do

0:16:21.160 --> 0:16:23.560
<v Speaker 4>right now, I've gotten us through this first term and

0:16:23.600 --> 0:16:25.320
<v Speaker 4>into a new place, So I'm going to step aside

0:16:25.320 --> 0:16:29.240
<v Speaker 4>for a new generation of Democrats. And he could have

0:16:29.280 --> 0:16:31.360
<v Speaker 4>owned the narrative at that point, and now the narrative

0:16:31.360 --> 0:16:31.920
<v Speaker 4>owns him.

0:16:32.160 --> 0:16:36.440
<v Speaker 1>I'm going to let you go in one second, but David,

0:16:36.480 --> 0:16:39.040
<v Speaker 1>to go back to where we started, insofar as it's

0:16:39.040 --> 0:16:43.400
<v Speaker 1>possible to say, what is your sense in terms of

0:16:44.480 --> 0:16:49.440
<v Speaker 1>the critical mass of senior Democrats and the likelihood of

0:16:49.480 --> 0:16:52.120
<v Speaker 1>them approaching Joe Biden or is this all going to

0:16:52.200 --> 0:16:55.640
<v Speaker 1>be in the hands of whether he accepts some kind

0:16:55.680 --> 0:16:59.880
<v Speaker 1>of reality or decides to stand down over the next

0:17:00.040 --> 0:17:00.720
<v Speaker 1>few days.

0:17:01.040 --> 0:17:03.160
<v Speaker 2>I'm very curious what the conversations are going to be

0:17:03.240 --> 0:17:05.879
<v Speaker 2>like among those senior Democrats and the degree to which

0:17:06.200 --> 0:17:09.080
<v Speaker 2>his campaign and Biden world, as I mentioned, pushed back

0:17:09.359 --> 0:17:12.040
<v Speaker 2>on all of this. Kate Bettingfield, his longtime aid and

0:17:12.119 --> 0:17:14.840
<v Speaker 2>former communications advisor, was on CNN last night and I

0:17:14.880 --> 0:17:17.640
<v Speaker 2>was struck by how frank she was in her assessment

0:17:17.640 --> 0:17:19.240
<v Speaker 2>of this debate as well. And think she's quite at

0:17:19.240 --> 0:17:20.879
<v Speaker 2>the point where she's saying that he shouldn't run her,

0:17:20.880 --> 0:17:21.800
<v Speaker 2>he should step aside.

0:17:21.880 --> 0:17:22.360
<v Speaker 4>But I'll be.

0:17:22.320 --> 0:17:27.000
<v Speaker 2>Looking for any indications that there are movements in that

0:17:27.080 --> 0:17:29.080
<v Speaker 2>for a moment, that the ground on which she is

0:17:29.080 --> 0:17:31.760
<v Speaker 2>standing is changing. And I again, I'll go back to

0:17:31.760 --> 0:17:35.640
<v Speaker 2>what I said. I think that the whispers have changed

0:17:35.680 --> 0:17:41.520
<v Speaker 2>to a wider, broader conversation about his fitness and capacity

0:17:41.520 --> 0:17:43.280
<v Speaker 2>for the job. And I just want to see sort

0:17:43.280 --> 0:17:46.040
<v Speaker 2>of how much traction that gets among senior Democrats, as

0:17:46.040 --> 0:17:47.760
<v Speaker 2>you say, just among policymakers more broadly.

0:17:47.840 --> 0:17:50.919
<v Speaker 1>And they're supposed to be out on the stump today campaigning,

0:17:50.960 --> 0:17:53.159
<v Speaker 1>and I guess potentially through the weekend. I mean, is

0:17:53.160 --> 0:17:54.879
<v Speaker 1>there any sense, I mean, even just looking at it

0:17:54.960 --> 0:17:57.239
<v Speaker 1>last night, you didn't feel that Biden was necessarily up

0:17:57.280 --> 0:17:57.640
<v Speaker 1>to that.

0:17:58.320 --> 0:18:01.480
<v Speaker 2>Yeah, So he went to this waffle house restaurant for

0:18:01.600 --> 0:18:04.399
<v Speaker 2>an early breakfast before he caught a flight to Raleigh,

0:18:04.440 --> 0:18:08.119
<v Speaker 2>and he actually actually seemed markedly better and more animated

0:18:08.119 --> 0:18:10.040
<v Speaker 2>at that at that restaurant. But yeah, he goes to Raleigh,

0:18:10.040 --> 0:18:13.040
<v Speaker 2>North Carolina, which is this battleground state where I'm from,

0:18:13.040 --> 0:18:15.480
<v Speaker 2>and he's supposed to campaign there today, and then this

0:18:15.560 --> 0:18:17.640
<v Speaker 2>weekend he has a series of kind of high dollar

0:18:18.000 --> 0:18:20.399
<v Speaker 2>fundraising events, one in the Hamptons and I think a

0:18:20.400 --> 0:18:23.640
<v Speaker 2>couple in New Jersey as well, So it's quite possible

0:18:23.680 --> 0:18:26.159
<v Speaker 2>that at those events he may address this or be

0:18:26.200 --> 0:18:29.200
<v Speaker 2>asked about this. Customarily, we don't get transcripts of the

0:18:29.400 --> 0:18:31.840
<v Speaker 2>back and forth between donors and the president, but we

0:18:31.840 --> 0:18:33.520
<v Speaker 2>do get a transcript of what he says at the top,

0:18:33.520 --> 0:18:34.080
<v Speaker 2>and we'll read that.

0:18:34.359 --> 0:18:37.040
<v Speaker 4>And it feels like ethically bad judgment to send someone

0:18:37.040 --> 0:18:40.320
<v Speaker 4>who's flubbed a debate to a waffle house the next day.

0:18:40.320 --> 0:18:43.359
<v Speaker 4>It's like having Rishi Sunak in front of Number ten

0:18:43.680 --> 0:18:45.800
<v Speaker 4>in the middle of the rain all visiting Titanic, Like,

0:18:45.840 --> 0:18:48.439
<v Speaker 4>how hard are some of these atmospherics to master?

0:18:49.840 --> 0:18:52.720
<v Speaker 1>Well, this goes back to the malepractice and tim do

0:18:52.720 --> 0:18:54.040
<v Speaker 1>you think, what's the chance that they're going to be

0:18:54.040 --> 0:18:55.720
<v Speaker 1>telling those but donnors are going to be telling in

0:18:55.760 --> 0:18:58.000
<v Speaker 1>the truth, because there don't seem to have been a

0:18:58.000 --> 0:19:00.000
<v Speaker 1>lot of people telling in the truth. If last night

0:19:00.359 --> 0:19:02.280
<v Speaker 1>it is more than just a bad night, if it

0:19:02.359 --> 0:19:05.760
<v Speaker 1>really does speak to his demeanor day to day.

0:19:06.160 --> 0:19:09.080
<v Speaker 4>I mean, I do think he even surprised his own handlers,

0:19:09.440 --> 0:19:11.840
<v Speaker 4>and I think people who had the state of the

0:19:11.920 --> 0:19:14.200
<v Speaker 4>union in mind, and even some of his some of

0:19:14.240 --> 0:19:16.480
<v Speaker 4>his other campaign stops where he looked stiff but was

0:19:16.560 --> 0:19:20.200
<v Speaker 4>verbally acute. And I could be wrong, but I don't

0:19:20.200 --> 0:19:23.320
<v Speaker 4>think anybody would have put him on the stage anticipating

0:19:23.840 --> 0:19:26.880
<v Speaker 4>you know, that you'd end up like with quasi motor there.

0:19:27.000 --> 0:19:30.639
<v Speaker 4>And so I think there's gonna be p The donors

0:19:30.680 --> 0:19:32.840
<v Speaker 4>have every reason to be frank. But again it's gonna

0:19:32.920 --> 0:19:35.000
<v Speaker 4>like the person who's going to be very important right

0:19:35.040 --> 0:19:36.360
<v Speaker 4>now is jiel Biden? His why?

0:19:36.440 --> 0:19:38.879
<v Speaker 1>And whoever lets him read the newspapers yes or doesn't?

0:19:38.960 --> 0:19:39.560
<v Speaker 4>Or watch TV?

0:19:40.920 --> 0:19:43.639
<v Speaker 1>David god, Tim Obrian, thank you, samank you, Stephanie, thank you,

0:19:45.119 --> 0:19:48.200
<v Speaker 1>thanks for listening to this special Crash episode of Photo

0:19:48.280 --> 0:19:52.280
<v Speaker 1>Nomics from Bloomberg. It was hosted by me Stephanie Flanders

0:19:52.400 --> 0:19:56.000
<v Speaker 1>and produced by Sammersadi with help from Chris Martleu. Additional

0:19:56.119 --> 0:19:59.960
<v Speaker 1>editing and sound designed by Blake Maples. Brendan Francis Nuna

0:20:00.280 --> 0:20:03.560
<v Speaker 1>is our executive producer, and Sage Bowman is head of

0:20:03.600 --> 0:20:07.800
<v Speaker 1>Bloomberg Podcasts. With special thanks to Tim O'Brien and David Gore.

0:20:08.520 --> 0:20:13.200
<v Speaker 1>Please do subscribe, rate, and review the show fondly wherever

0:20:13.240 --> 0:20:14.280
<v Speaker 1>you listen to podcasts