1 00:00:01,800 --> 00:00:06,320 Speaker 1: Now from our nation's capital. This is Bloomberg's sound on 2 00:00:07,280 --> 00:00:11,120 Speaker 1: inflation is much too high, and we understand the hardship 3 00:00:11,119 --> 00:00:13,360 Speaker 1: at his causing singing down the depths. There is one 4 00:00:13,360 --> 00:00:16,560 Speaker 1: way to ease inflationary pressures. I think deep down inside 5 00:00:16,640 --> 00:00:19,239 Speaker 1: Jerome pal thinks, well, this is Anna Duke at least 6 00:00:19,239 --> 00:00:23,720 Speaker 1: flo Bloomberg Sound on Politics, Policy and perspective from DC's 7 00:00:23,800 --> 00:00:27,040 Speaker 1: top names. Yeah, the administration, the Biden administration is running 8 00:00:27,040 --> 00:00:29,360 Speaker 1: out of their current draw down authority. That will get 9 00:00:29,440 --> 00:00:31,160 Speaker 1: us till about the third week of this month. They 10 00:00:31,200 --> 00:00:34,520 Speaker 1: are mobilizing people. They are now sending notices the people 11 00:00:34,560 --> 00:00:38,640 Speaker 1: in the reserves. Bloomberg Sound On with Joe Matthew on 12 00:00:38,880 --> 00:00:44,360 Speaker 1: Bloomberg Radio. President Biden offers his plan to lower inflation 13 00:00:44,560 --> 00:00:48,040 Speaker 1: just as gas prices hit a new high. Welcome to 14 00:00:48,080 --> 00:00:50,840 Speaker 1: the fastest hour in politics, as we explore the most 15 00:00:50,880 --> 00:00:53,599 Speaker 1: important issue of the mid terms. Of course, rising prices 16 00:00:53,640 --> 00:00:57,800 Speaker 1: with details on the President's plan on veil today may 17 00:00:57,840 --> 00:01:00,400 Speaker 1: sound familiar in many cases, along with what he calls 18 00:01:00,440 --> 00:01:05,279 Speaker 1: the ultra maga alternative and reaction from the top ranking 19 00:01:05,280 --> 00:01:07,440 Speaker 1: Republican on the House Ways and Means Committee will be 20 00:01:07,480 --> 00:01:10,160 Speaker 1: joined in just a moment by Congressman Kevin Brady of 21 00:01:10,240 --> 00:01:14,320 Speaker 1: Texas and from our panel Bloomberg Politics contributors Jeanie Chanzano 22 00:01:14,440 --> 00:01:17,520 Speaker 1: and Rick Davis with analysis and an eye on the primaries. 23 00:01:17,520 --> 00:01:19,400 Speaker 1: We're gonna look at the vote happening today in West 24 00:01:19,440 --> 00:01:23,920 Speaker 1: Virginia and Nebraska with Bloomberg campaign specialist Greg Giro, and 25 00:01:23,959 --> 00:01:26,720 Speaker 1: we'll have an eye on the House this evening. With 26 00:01:26,800 --> 00:01:31,400 Speaker 1: a vote expected on a nearly forty billion dollar emergency 27 00:01:31,520 --> 00:01:36,160 Speaker 1: Ukraine spending bill, above the number President Biden requested, it 28 00:01:36,160 --> 00:01:39,360 Speaker 1: appears to have enough support to clear both chambers by 29 00:01:39,440 --> 00:01:42,120 Speaker 1: early next week. If things go as planned. It's a 30 00:01:42,120 --> 00:01:45,480 Speaker 1: clean bill, right. This is a pretty big development today. Actually, 31 00:01:45,520 --> 00:01:49,000 Speaker 1: as the President backed off Democrats backed office idea of 32 00:01:49,000 --> 00:01:52,720 Speaker 1: attaching COVID funding, he issued a statement suggesting that he 33 00:01:52,800 --> 00:01:55,880 Speaker 1: understands it's gonna bog things down, and so here's your 34 00:01:56,040 --> 00:01:59,600 Speaker 1: clean bill, and it's gonna be well timed. As we 35 00:01:59,680 --> 00:02:02,320 Speaker 1: heard to day from Pentagon Press Secretary John Kirby. Here 36 00:02:02,360 --> 00:02:05,960 Speaker 1: he is between what the President just announced Friday and 37 00:02:06,960 --> 00:02:09,320 Speaker 1: the hundred million that we still have left, and we're 38 00:02:09,320 --> 00:02:11,880 Speaker 1: going to be working that in real time with the Ukrainians. 39 00:02:12,480 --> 00:02:15,119 Speaker 1: Um that that will get us till about the third 40 00:02:15,160 --> 00:02:18,200 Speaker 1: week of this month is what we're pretty much anticipating, 41 00:02:18,720 --> 00:02:22,919 Speaker 1: which is why we uh. We continue to urge Congress 42 00:02:22,960 --> 00:02:26,799 Speaker 1: to pass the President's supplemental request as soon as possible 43 00:02:26,960 --> 00:02:32,960 Speaker 1: so that we can continue to provide aid to Ukraine uninterrupted. 44 00:02:33,240 --> 00:02:36,000 Speaker 1: So next week and as lawmakers prepared to vote on 45 00:02:36,120 --> 00:02:39,480 Speaker 1: more weapons and humanity Harry and aid for Ukraine. Inflation 46 00:02:40,160 --> 00:02:42,680 Speaker 1: was the talk from Wall Street to Washington as President 47 00:02:42,720 --> 00:02:45,920 Speaker 1: Biden addressed the nation again today, show work that's been done, 48 00:02:45,960 --> 00:02:49,120 Speaker 1: plans for the future, to get prices down. Here's the President. 49 00:02:49,360 --> 00:02:53,080 Speaker 1: Our economy is gone from being on the men on 50 00:02:53,160 --> 00:02:57,320 Speaker 1: the move. But for every worker I met who has 51 00:02:57,360 --> 00:02:59,440 Speaker 1: gained a little bit of breeding room to seek out 52 00:02:59,440 --> 00:03:02,880 Speaker 1: a better pay job, for every entrepreneur who has gained 53 00:03:02,880 --> 00:03:06,720 Speaker 1: the confidence to pursue their small business dreams, I know 54 00:03:06,840 --> 00:03:09,960 Speaker 1: the families all across America are hurting because of inflation. 55 00:03:11,000 --> 00:03:14,040 Speaker 1: He offered a number of familiar ideas from what we 56 00:03:14,120 --> 00:03:18,320 Speaker 1: once called build back better think, expanded child tax credit, 57 00:03:18,360 --> 00:03:21,680 Speaker 1: lowering the cost of prescription drugs. The President spent those 58 00:03:21,800 --> 00:03:25,720 Speaker 1: much time talking about Republican economic policies, and so we 59 00:03:25,760 --> 00:03:28,680 Speaker 1: wanted to get reaction from the top Republican on the 60 00:03:28,720 --> 00:03:31,600 Speaker 1: House Ways and Means Committee. That would be Congressman Kevin 61 00:03:31,639 --> 00:03:34,960 Speaker 1: Brady of Texas. He's with us now. Congressman, welcome back 62 00:03:35,040 --> 00:03:38,600 Speaker 1: to Bloomberg, Joe, thanks for having me. President Biden addressed 63 00:03:38,600 --> 00:03:41,320 Speaker 1: the American people today about the economy. He talked a 64 00:03:41,320 --> 00:03:43,240 Speaker 1: lot about inflation, which you and I have talked a 65 00:03:43,240 --> 00:03:46,560 Speaker 1: lot about the causes, the potential cures. I want to 66 00:03:46,600 --> 00:03:48,760 Speaker 1: walk through some of the things that he said with you, 67 00:03:48,840 --> 00:03:51,360 Speaker 1: as presented at the White House today, what he called 68 00:03:51,400 --> 00:03:56,160 Speaker 1: to alternatives, his plans for future growth and to lower prices. 69 00:03:56,200 --> 00:03:59,480 Speaker 1: And one as he framed from Congressional Republicans, it's actually 70 00:03:59,480 --> 00:04:01,640 Speaker 1: from Senator Rick Scott. I realized you're in the House, 71 00:04:01,680 --> 00:04:04,000 Speaker 1: but here's how he put it. And then I'd love 72 00:04:04,080 --> 00:04:08,000 Speaker 1: to have your respond Senator Rick Scott, Wisconsin. Remember the 73 00:04:08,040 --> 00:04:11,520 Speaker 1: Senate Republicanship laid it all out and the plan it's 74 00:04:11,600 --> 00:04:16,480 Speaker 1: the Ultra Maga Agenda. Third plan is the raised taxes 75 00:04:17,160 --> 00:04:22,200 Speaker 1: on seventy five million American families over pent of who 76 00:04:22,240 --> 00:04:25,320 Speaker 1: make less than a hundred thousand dollars a year total income. 77 00:04:26,040 --> 00:04:28,720 Speaker 1: The average tax increased would be about one thousand, five 78 00:04:28,800 --> 00:04:32,960 Speaker 1: hundred dollars per family. They've got a backwards in mim Now, 79 00:04:33,040 --> 00:04:36,039 Speaker 1: first congressman, we know Rick Scott is from Florida. But 80 00:04:36,120 --> 00:04:40,400 Speaker 1: beyond that, it is President Biden wrong about this plan? Yeah? 81 00:04:40,440 --> 00:04:43,479 Speaker 1: He is. In fact, he's been fact checked repeatedly. I 82 00:04:43,480 --> 00:04:46,720 Speaker 1: think he was given three pinocchios for that claim that 83 00:04:47,000 --> 00:04:50,680 Speaker 1: the Republican tax plan is Rick Scott's plan. It's not. 84 00:04:51,080 --> 00:04:53,520 Speaker 1: That's one member of the Senate. The chief manner is 85 00:04:53,520 --> 00:04:57,440 Speaker 1: our Our tax plan is what you know, making permanent 86 00:04:58,040 --> 00:05:03,680 Speaker 1: those lower tax rates for families, small businesses, doubling the 87 00:05:04,040 --> 00:05:07,880 Speaker 1: child tax credit and making that permanent, in helping the 88 00:05:07,960 --> 00:05:11,760 Speaker 1: standard deduction. So yeah, I'm surprised the President continues to 89 00:05:12,240 --> 00:05:15,040 Speaker 1: make that claim because even the Washington Post fact sector 90 00:05:15,200 --> 00:05:19,719 Speaker 1: is He also talks about Rick Scott's plan to sunset 91 00:05:19,800 --> 00:05:23,000 Speaker 1: social programs. You've heard about this requiring things like Social 92 00:05:23,000 --> 00:05:25,880 Speaker 1: Security to be renewed after five years. Is that wrong? 93 00:05:26,800 --> 00:05:29,599 Speaker 1: You know, I think there's a better way to save 94 00:05:29,720 --> 00:05:32,039 Speaker 1: so Security once and for all. I do think though, 95 00:05:32,480 --> 00:05:37,839 Speaker 1: that many states do put sunset on their programs in 96 00:05:37,960 --> 00:05:41,159 Speaker 1: agencies to hold them accountable to taxpayers. They normally do 97 00:05:41,240 --> 00:05:43,800 Speaker 1: it on a decade or every twelve years. And that's 98 00:05:43,880 --> 00:05:46,680 Speaker 1: just to make sure that again taxpayers have a saying 99 00:05:46,680 --> 00:05:50,480 Speaker 1: whether these agencies go on into an eternity. I I 100 00:05:50,600 --> 00:05:54,320 Speaker 1: in fact carried that legislation as a freshman and sophomore, 101 00:05:54,320 --> 00:05:58,320 Speaker 1: passed down the House. But no, it it exempted so security, Medicare, 102 00:05:58,360 --> 00:06:01,600 Speaker 1: and those entitlement programs. Is that something the President was 103 00:06:01,600 --> 00:06:03,720 Speaker 1: passionate about this. He raised his voice last week. He 104 00:06:03,760 --> 00:06:06,520 Speaker 1: said people have been paying into these programs for their 105 00:06:06,760 --> 00:06:11,400 Speaker 1: entire lives. President is just is desperate throwing anything out there, 106 00:06:11,440 --> 00:06:15,400 Speaker 1: including what many people believe is in the illegal cancelation 107 00:06:15,440 --> 00:06:17,839 Speaker 1: of student dead And so I think he's doing his 108 00:06:17,920 --> 00:06:21,040 Speaker 1: best to try to make just wild claims and hope 109 00:06:21,040 --> 00:06:24,120 Speaker 1: the public believes it. But they don't. They've seen his presidency, 110 00:06:24,160 --> 00:06:27,520 Speaker 1: they've seen this economy, they've seen the border, uh, and 111 00:06:27,720 --> 00:06:30,160 Speaker 1: they've seen the crime. And so I don't think any 112 00:06:30,160 --> 00:06:33,120 Speaker 1: of these desperation, you know, efforts are gonna work. Well, 113 00:06:33,160 --> 00:06:37,680 Speaker 1: he's creating the two paths you you come with the Democrats, 114 00:06:37,800 --> 00:06:41,480 Speaker 1: as he framed it, releasing oil from the strategic reserve, 115 00:06:42,000 --> 00:06:46,440 Speaker 1: squaring away the supply chains, extending the child tax credit. 116 00:06:46,480 --> 00:06:49,560 Speaker 1: One you mentioned lowering drug prices or go the ultra 117 00:06:49,839 --> 00:06:52,719 Speaker 1: maga route. Do you does that name bother you? Yeah, 118 00:06:53,839 --> 00:06:56,720 Speaker 1: you know, not necessarily. But he obviously is trying to 119 00:06:56,760 --> 00:07:00,400 Speaker 1: make this election about President Trump, when in fact everyone 120 00:07:00,440 --> 00:07:03,600 Speaker 1: knows this. This election is about President Buy and Democrats 121 00:07:03,600 --> 00:07:06,479 Speaker 1: in Congress. And if he wants to talk taxes, first, 122 00:07:06,560 --> 00:07:09,280 Speaker 1: let's talk inflation. That is a huge tax and this 123 00:07:09,360 --> 00:07:12,440 Speaker 1: year of the average family about five thousand dollars more 124 00:07:12,840 --> 00:07:15,200 Speaker 1: to buy what they did the year before. It's just crushing. 125 00:07:15,240 --> 00:07:18,280 Speaker 1: And secondly, he's still trying to push for a trillion 126 00:07:18,320 --> 00:07:21,760 Speaker 1: a half tax take on main street businesses that will 127 00:07:21,880 --> 00:07:25,880 Speaker 1: drive inflation even higher. Other countries are lowering their taxes 128 00:07:26,160 --> 00:07:28,880 Speaker 1: to deal with inflation. This present is trying to heap 129 00:07:29,000 --> 00:07:32,640 Speaker 1: more on main street businesses and families. So look, I 130 00:07:32,880 --> 00:07:35,480 Speaker 1: don't think he can escape his own presidency. At this point, 131 00:07:35,560 --> 00:07:38,920 Speaker 1: that gets awfully confusing. The President says, these components what 132 00:07:39,000 --> 00:07:41,080 Speaker 1: we call build back better last year and may come 133 00:07:41,160 --> 00:07:43,800 Speaker 1: up in some other form this year, is how to 134 00:07:43,880 --> 00:07:48,080 Speaker 1: lower prices. Republicans say, no, that is actually why prices 135 00:07:48,200 --> 00:07:51,560 Speaker 1: are higher. I guess my question for your congressman is 136 00:07:51,600 --> 00:07:54,240 Speaker 1: can we beat inflation without going into a recession. Now 137 00:07:54,280 --> 00:07:58,280 Speaker 1: that the FED is addressing this, you know, because here's 138 00:07:58,280 --> 00:08:01,040 Speaker 1: my worry, Joe, because both the White House and the 139 00:08:01,160 --> 00:08:04,400 Speaker 1: SAID was in denial and sort of dismissed this for 140 00:08:04,560 --> 00:08:09,360 Speaker 1: all of last year. Now, the likelihood of the recession 141 00:08:09,760 --> 00:08:13,960 Speaker 1: that's needed to break that that inflation cycle now is 142 00:08:14,040 --> 00:08:16,600 Speaker 1: much higher, and I think that delay has hurt the 143 00:08:16,640 --> 00:08:19,040 Speaker 1: country in a big way. So it's gonna be tough. 144 00:08:19,920 --> 00:08:23,440 Speaker 1: Every wage by spiral like we're in today ends in 145 00:08:23,480 --> 00:08:26,680 Speaker 1: a recession, and it's very painful, which is why all 146 00:08:26,800 --> 00:08:29,840 Speaker 1: last year we were so you know, frustrated with Look, 147 00:08:29,880 --> 00:08:32,520 Speaker 1: you've got to deal with these these issues, Mr President. 148 00:08:32,679 --> 00:08:35,640 Speaker 1: So now I think it's very likely it it ends 149 00:08:35,720 --> 00:08:40,720 Speaker 1: up in the recession. President outlined the causes of inflation today, pandemic, 150 00:08:40,880 --> 00:08:43,120 Speaker 1: and the war in Ukraine. Of course, the pandemic comes 151 00:08:43,120 --> 00:08:45,600 Speaker 1: with all kinds of stuff, the shifting demanded goods, the 152 00:08:45,640 --> 00:08:49,520 Speaker 1: impact that COVID had on economies, shutting down the supply 153 00:08:49,640 --> 00:08:54,280 Speaker 1: chain issues. But is that oversimplifying the matter. It is 154 00:08:54,280 --> 00:08:56,760 Speaker 1: in a big way, and yes, those factors do matter. 155 00:08:56,840 --> 00:09:00,680 Speaker 1: But but long before that was the president's own nearly 156 00:09:00,679 --> 00:09:05,240 Speaker 1: two trillion dollar COVID stimulus that fueled inflation. You can 157 00:09:05,280 --> 00:09:09,000 Speaker 1: look at every graph and watch it just take off. Right. Then, secondly, 158 00:09:09,320 --> 00:09:13,000 Speaker 1: his own policies, besides just that two trillion dollars of 159 00:09:13,040 --> 00:09:16,600 Speaker 1: stimulus and and other programs, is that same bill paid 160 00:09:16,679 --> 00:09:19,400 Speaker 1: a lot of Americans to stay home rather than reconnect 161 00:09:19,400 --> 00:09:22,400 Speaker 1: the work, which is why we still have a worker crisis, 162 00:09:22,640 --> 00:09:25,000 Speaker 1: which is driving inflation. We don't have the people demand 163 00:09:25,040 --> 00:09:28,120 Speaker 1: the production lines to symbol products, to deliver them, or 164 00:09:28,160 --> 00:09:32,280 Speaker 1: even service them. And so these are his policies, This 165 00:09:32,360 --> 00:09:35,480 Speaker 1: is his inflation. That's why so many people. Now I'm 166 00:09:35,520 --> 00:09:39,240 Speaker 1: looking at my screen trending Biden inflation. You know, this 167 00:09:39,320 --> 00:09:41,360 Speaker 1: is a this is a big issue for family. You 168 00:09:41,360 --> 00:09:44,199 Speaker 1: and I have talked at length about energy prices. Are 169 00:09:44,240 --> 00:09:47,080 Speaker 1: the administration's attempts to boost domestic drilling, and I know 170 00:09:47,200 --> 00:09:50,320 Speaker 1: you disagree with the pre war policies when it comes 171 00:09:50,320 --> 00:09:52,160 Speaker 1: to energy from this White House board, of these new 172 00:09:52,160 --> 00:09:56,800 Speaker 1: efforts actually working to increase production, yeah, they're not, unfortunately, 173 00:09:56,880 --> 00:10:00,400 Speaker 1: because on one hand, the presidents talking about need to 174 00:10:00,400 --> 00:10:04,439 Speaker 1: do more production and releasing you know, strategic fuel from 175 00:10:04,440 --> 00:10:07,120 Speaker 1: our reserves, but on the other hand, announced from new 176 00:10:07,160 --> 00:10:11,600 Speaker 1: regulations that that lock off large parts of America from 177 00:10:11,679 --> 00:10:16,000 Speaker 1: expiration and production. He still continues to block the pipelines 178 00:10:16,040 --> 00:10:18,520 Speaker 1: that could get this this oil and gas to the 179 00:10:18,559 --> 00:10:21,520 Speaker 1: refineries and back out to our communities. And so yeah, 180 00:10:21,559 --> 00:10:24,160 Speaker 1: I think it's a sort of a bait and switch 181 00:10:24,559 --> 00:10:27,720 Speaker 1: that Again, I think the public has seen so much 182 00:10:28,080 --> 00:10:30,120 Speaker 1: in these past this past year and a half that 183 00:10:30,240 --> 00:10:32,640 Speaker 1: I just Joe, I may be wrong, but I don't 184 00:10:32,679 --> 00:10:34,920 Speaker 1: think they're buying it. Four dollars thirty seven cents a 185 00:10:35,000 --> 00:10:38,280 Speaker 1: gallon an all time high when apparently not adjusted for inflation. 186 00:10:38,320 --> 00:10:41,319 Speaker 1: But that's a big number. Does it go higher? It's huge, Yes, 187 00:10:41,400 --> 00:10:45,400 Speaker 1: that likely does. UM, it does because demand continues to 188 00:10:45,440 --> 00:10:49,080 Speaker 1: be strong. Uh, we're seeing, you know, the countries start 189 00:10:49,120 --> 00:10:51,319 Speaker 1: to wean themselves off Russian oil. They're going to be 190 00:10:51,400 --> 00:10:54,640 Speaker 1: relying on you know, countries like the US that does 191 00:10:54,679 --> 00:10:59,480 Speaker 1: an export on natural gas and other issues. And so yeah, 192 00:10:59,520 --> 00:11:03,560 Speaker 1: I think, uh, I think the continued uncertainty in the 193 00:11:03,600 --> 00:11:07,320 Speaker 1: world and in the US on production UM is going 194 00:11:07,360 --> 00:11:11,080 Speaker 1: to drive prices. Lastly, Congressman aid for Ukraine, Does that 195 00:11:11,160 --> 00:11:14,120 Speaker 1: forty billion passes a clean bill? You know? I think 196 00:11:14,160 --> 00:11:17,400 Speaker 1: it does. I I this is so I think most 197 00:11:17,440 --> 00:11:20,600 Speaker 1: members of Congress have not yet looked into that forty 198 00:11:20,640 --> 00:11:23,960 Speaker 1: billion exactly how that breaks down. But I would say, 199 00:11:24,080 --> 00:11:27,280 Speaker 1: you know, on the surface of those are valid lethal 200 00:11:27,400 --> 00:11:31,680 Speaker 1: weapons and in other support we give them. I think 201 00:11:31,679 --> 00:11:35,400 Speaker 1: it'll it'll, it'll pass. Congressman Kevin Brady, Republican from Texas, 202 00:11:35,520 --> 00:11:37,680 Speaker 1: ranking member ways and means, it's great to have you 203 00:11:37,720 --> 00:11:41,640 Speaker 1: back on Bloomberg. Thanks take care. Coming up, we assemble 204 00:11:41,720 --> 00:11:46,640 Speaker 1: the panel with Bloomberg Politics contributors, Democratic analysts Genie Schanzano, 205 00:11:47,080 --> 00:11:51,000 Speaker 1: and Republican strategist Rick Davis. As voters are presented as 206 00:11:51,040 --> 00:11:54,559 Speaker 1: you just heard, with the Biden plan or the Ultra 207 00:11:54,800 --> 00:11:58,120 Speaker 1: Naga version on the buffet of choices, we'll get into 208 00:11:58,160 --> 00:12:00,880 Speaker 1: what with. The panel will check traffic and the markets 209 00:12:00,920 --> 00:12:03,720 Speaker 1: for you after hours as well. On the fastest hour 210 00:12:03,800 --> 00:12:10,120 Speaker 1: in politics. This is Bloomberg. You're listening to Bloomberg. You 211 00:12:10,280 --> 00:12:16,640 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. The headline 212 00:12:16,640 --> 00:12:21,679 Speaker 1: on the terminal Biden nods to families, inflation, pain lashes 213 00:12:21,720 --> 00:12:26,960 Speaker 1: out at GOP plans. Congressman Brady didn't seem to like 214 00:12:27,040 --> 00:12:30,080 Speaker 1: what he heard, and well, I guess that's all by design. 215 00:12:30,240 --> 00:12:33,440 Speaker 1: As the President went for the Ultra Maga yet again, 216 00:12:33,480 --> 00:12:35,800 Speaker 1: we got a little peek behind the curtain last week 217 00:12:35,840 --> 00:12:37,839 Speaker 1: at that the speech to the President was talking about 218 00:12:37,840 --> 00:12:42,120 Speaker 1: deficit reduction and reeled into this, uh, this, uh, what 219 00:12:42,240 --> 00:12:44,400 Speaker 1: I guess will be a permanent portion of the speech 220 00:12:44,400 --> 00:12:49,520 Speaker 1: here about Rick Scott and his economic proposals ultra maga 221 00:12:49,600 --> 00:12:53,200 Speaker 1: though I guess goes beyond just the economy. It's it's 222 00:12:53,240 --> 00:12:56,640 Speaker 1: all political issues from that perspective, As we heard from 223 00:12:56,720 --> 00:12:58,880 Speaker 1: Jensaki when she was asked about on the White House 224 00:12:58,880 --> 00:13:01,640 Speaker 1: Press briefing, here's the press secretary. But he's also not 225 00:13:01,760 --> 00:13:04,640 Speaker 1: going to stand by UH and not call out what 226 00:13:04,760 --> 00:13:10,600 Speaker 1: he sees as ultra maga behavior, ultramaga policies UM that 227 00:13:10,640 --> 00:13:12,880 Speaker 1: are out of the mainstream of the country and are 228 00:13:12,920 --> 00:13:15,440 Speaker 1: not in the interests of the American people, whether that 229 00:13:15,640 --> 00:13:18,680 Speaker 1: is efforts to prevent a woman from making choices about 230 00:13:18,679 --> 00:13:21,800 Speaker 1: her own healthcare, or whether that is Chairman Scott's UH 231 00:13:21,920 --> 00:13:25,199 Speaker 1: policy and proposals on that would raise taxes on people 232 00:13:25,200 --> 00:13:27,520 Speaker 1: making less than a hundred thousand dollars a year. UM. 233 00:13:27,559 --> 00:13:29,960 Speaker 1: He's going to continue to call that out, but he 234 00:13:30,000 --> 00:13:31,880 Speaker 1: believes there are still a path to move forward on 235 00:13:31,920 --> 00:13:34,440 Speaker 1: where we have agreement. All Right, let's assemble the panel 236 00:13:34,520 --> 00:13:36,959 Speaker 1: to talk this out a little bit with Bloomberg Politics 237 00:13:37,040 --> 00:13:41,000 Speaker 1: contributors Jeanie Schanzano and Rick Davis. Genie, was this successful 238 00:13:41,000 --> 00:13:43,600 Speaker 1: today to kind of bring the two lanes at once here. 239 00:13:44,120 --> 00:13:46,640 Speaker 1: This is what we're doing and hope to do with inflation. 240 00:13:47,240 --> 00:13:51,800 Speaker 1: Here's what the ultra maga alternative is? Or is Joe 241 00:13:51,800 --> 00:13:55,240 Speaker 1: Biden not the person to be telling that to voters. 242 00:13:55,240 --> 00:13:58,000 Speaker 1: He's the person who has to be telling this to voters. 243 00:13:58,080 --> 00:14:01,880 Speaker 1: You know, from a perspective of the Honomy policy proposals, 244 00:14:01,960 --> 00:14:05,080 Speaker 1: there was nothing new here. As you talked about with 245 00:14:05,120 --> 00:14:08,560 Speaker 1: Representative Brady, there was not one new proposal from a 246 00:14:08,600 --> 00:14:13,280 Speaker 1: political perspective. He got to underscore his major argument, ultra maga, 247 00:14:13,400 --> 00:14:16,440 Speaker 1: this is not your father's Republican Party. These kinds of 248 00:14:16,480 --> 00:14:18,560 Speaker 1: lines they keep throwing out. You know, they want to 249 00:14:18,600 --> 00:14:21,560 Speaker 1: talk about Rick Scott as much as they possibly can, 250 00:14:22,000 --> 00:14:24,720 Speaker 1: But the reality of this situation is it is a 251 00:14:24,760 --> 00:14:27,800 Speaker 1: desperate situation for the White House. I was looking back 252 00:14:27,800 --> 00:14:32,360 Speaker 1: when Gerald Ford took the White House. He went before 253 00:14:32,520 --> 00:14:35,960 Speaker 1: Congress and he asked people to carpool, turned down their 254 00:14:36,000 --> 00:14:39,640 Speaker 1: thermostats and plant a wind garden. This is how desperate 255 00:14:39,680 --> 00:14:43,680 Speaker 1: presidents get Alan Greensband later said it was incredibly stupid, 256 00:14:43,720 --> 00:14:47,280 Speaker 1: but he had no alternatives. Same position Joe Biden is 257 00:14:47,320 --> 00:14:49,640 Speaker 1: in right now. That's why he's going to talk about 258 00:14:49,840 --> 00:14:53,240 Speaker 1: mega Trumps and Rick Scott as much as he can. Well, 259 00:14:53,280 --> 00:14:55,120 Speaker 1: that's a tough position to be in here, Rick. I 260 00:14:55,120 --> 00:14:59,160 Speaker 1: think I'm just curious from a scientific messaging standpoint, if 261 00:14:59,200 --> 00:15:01,680 Speaker 1: you're preparing the president to address the nation about the 262 00:15:02,160 --> 00:15:06,000 Speaker 1: number one issue that could likely derail Democrats here in 263 00:15:06,000 --> 00:15:08,800 Speaker 1: the mid terms, does it cloud the message? Does it 264 00:15:08,960 --> 00:15:10,720 Speaker 1: do you get in your own way when you start 265 00:15:10,760 --> 00:15:14,080 Speaker 1: spending as much time on ultra maga as you do 266 00:15:14,120 --> 00:15:17,520 Speaker 1: your own ideas well? Joe, I only wish there was 267 00:15:17,600 --> 00:15:21,240 Speaker 1: something scientific about messaging. Maybe I made that up. Oh no, 268 00:15:21,360 --> 00:15:23,040 Speaker 1: it's all right. You look at the polls, you try 269 00:15:23,080 --> 00:15:25,840 Speaker 1: and test words and phrases, and at the end of 270 00:15:25,880 --> 00:15:28,200 Speaker 1: the day, it just depends upon what's backing them up. 271 00:15:28,240 --> 00:15:31,400 Speaker 1: And in this case, I think that the the challenge 272 00:15:31,400 --> 00:15:34,360 Speaker 1: Biden has is he really doesn't have anything new to offers, 273 00:15:34,560 --> 00:15:37,800 Speaker 1: as as Kevin Brady said, and and I think that 274 00:15:37,800 --> 00:15:40,080 Speaker 1: that's that's gotten painted into a corner. I don't know 275 00:15:40,120 --> 00:15:42,920 Speaker 1: why he doesn't take a leaf out of what Congressman 276 00:15:42,960 --> 00:15:45,640 Speaker 1: Brady was suggesting, and and and throw in some gas 277 00:15:45,720 --> 00:15:49,680 Speaker 1: tax holidays, do something to lower taxes, Do something that 278 00:15:49,720 --> 00:15:52,960 Speaker 1: will actually take some of the financial burden away from 279 00:15:53,000 --> 00:15:57,960 Speaker 1: households and businesses, rather than thinking about ways of sustaining 280 00:15:58,400 --> 00:16:02,040 Speaker 1: an economic agenda that maybe seemed fine to him at 281 00:16:02,040 --> 00:16:04,800 Speaker 1: the beginning of his administration when there was no inflation. 282 00:16:05,160 --> 00:16:08,840 Speaker 1: But but he's just not shown the ability to pivot 283 00:16:09,240 --> 00:16:11,720 Speaker 1: now that the economy has changed and he's got a 284 00:16:11,760 --> 00:16:14,920 Speaker 1: new burden to bear, and and and at least today 285 00:16:15,040 --> 00:16:17,920 Speaker 1: was his first attempt, you know, months months into this 286 00:16:18,320 --> 00:16:20,800 Speaker 1: to actually address it head on. I mean we rarely 287 00:16:20,840 --> 00:16:23,320 Speaker 1: heard him even say the word inflation, you know, for 288 00:16:23,360 --> 00:16:26,200 Speaker 1: the last six months, while it has built up into 289 00:16:26,360 --> 00:16:30,040 Speaker 1: this crescendo. Yeah, this is the day, as you well know, Genie, 290 00:16:30,040 --> 00:16:32,520 Speaker 1: that we hit a new high four dollars thirty seven 291 00:16:32,520 --> 00:16:35,120 Speaker 1: cents a gallon. It's just in the air. You look 292 00:16:35,160 --> 00:16:36,960 Speaker 1: at the stock market, you get a sense of what 293 00:16:37,040 --> 00:16:40,400 Speaker 1: everyone's talking about on Bloomberg, for instance, and you kind 294 00:16:40,400 --> 00:16:44,000 Speaker 1: of look at the conversation that's happening here in Washington. 295 00:16:44,720 --> 00:16:47,080 Speaker 1: The President is also going out of his way to 296 00:16:47,200 --> 00:16:49,800 Speaker 1: talk about. Look, this was two causes, right for it 297 00:16:50,200 --> 00:16:54,040 Speaker 1: wasn't all the spending, It was COVID, it was a pandemic, 298 00:16:54,080 --> 00:16:56,480 Speaker 1: and it's the war in Ukraine. Are people going to 299 00:16:56,560 --> 00:17:00,360 Speaker 1: believe that in November? Yeah, I filled up mike today 300 00:17:00,440 --> 00:17:03,440 Speaker 1: was four Someone reminded me it was around two nine 301 00:17:03,680 --> 00:17:06,600 Speaker 1: a year ago. And so it is stunning as we 302 00:17:06,680 --> 00:17:08,400 Speaker 1: all go to the you know, fill up our gas 303 00:17:08,440 --> 00:17:11,520 Speaker 1: and get groceries and everything else. Um, you know, whether 304 00:17:11,640 --> 00:17:14,399 Speaker 1: people believe it or not, you know, there is truth 305 00:17:14,440 --> 00:17:17,560 Speaker 1: to the fact that COVID and the Russian invasion did 306 00:17:17,640 --> 00:17:20,119 Speaker 1: have an impact on the price of oil and food 307 00:17:20,160 --> 00:17:23,560 Speaker 1: and everything else. But the fact is neither COVID nor 308 00:17:23,720 --> 00:17:27,280 Speaker 1: nor Putin are going to be on that ballot in November. 309 00:17:27,560 --> 00:17:30,719 Speaker 1: The president knows this is a referendum on who's in power. 310 00:17:31,160 --> 00:17:33,760 Speaker 1: They are in power, Democrats are in power, so they're 311 00:17:33,760 --> 00:17:35,760 Speaker 1: going to take the heat, which is why he is 312 00:17:35,800 --> 00:17:39,600 Speaker 1: trying desperately to turn the conversation around. We heard it 313 00:17:39,720 --> 00:17:43,080 Speaker 1: over and over today. He wants to say that, yes, 314 00:17:43,119 --> 00:17:45,800 Speaker 1: we're in control, but if you let the Republicans, these 315 00:17:45,880 --> 00:17:48,080 Speaker 1: ultramaga people come in, you know what they're gonna do. 316 00:17:48,320 --> 00:17:52,359 Speaker 1: They're gonna cut Social Security, cut Medicare, cut medicaid, increase 317 00:17:52,400 --> 00:17:55,000 Speaker 1: your cost of living. So don't put them back in 318 00:17:55,080 --> 00:17:57,480 Speaker 1: power because it will be worse. I mean, we you 319 00:17:57,480 --> 00:17:59,920 Speaker 1: know he's really talking about it's bad now, but it's 320 00:18:00,000 --> 00:18:02,080 Speaker 1: gonna get worse. It's a warning and we're going to 321 00:18:02,240 --> 00:18:05,840 Speaker 1: keep hearing it until November. It is a warning. Obviously. 322 00:18:06,000 --> 00:18:10,000 Speaker 1: The question is whether it's too late, Rick Davis, you know, look, 323 00:18:10,040 --> 00:18:12,400 Speaker 1: I mean, you know, it's never too late because each 324 00:18:12,440 --> 00:18:16,159 Speaker 1: of these races have a certain tolerance, right they they 325 00:18:16,400 --> 00:18:18,520 Speaker 1: they some of them are gonna be closer than others, 326 00:18:18,600 --> 00:18:20,120 Speaker 1: and you want to try to win the close ones. 327 00:18:20,840 --> 00:18:22,919 Speaker 1: There's a whole triage that happens, and I'm sure this 328 00:18:22,960 --> 00:18:25,040 Speaker 1: administration is looking at that. Going we have to save 329 00:18:25,080 --> 00:18:27,280 Speaker 1: as many seats as we can with at least some 330 00:18:27,400 --> 00:18:29,480 Speaker 1: of these proposals. We're going to dig into a couple 331 00:18:29,520 --> 00:18:31,520 Speaker 1: of them, a couple of primaries coming up as they 332 00:18:31,600 --> 00:18:36,000 Speaker 1: vote in West Virginia and Nebraska. Greg Borrow, our politics 333 00:18:36,200 --> 00:18:39,800 Speaker 1: campaign guru, will be here along with the panel. On 334 00:18:39,920 --> 00:18:45,560 Speaker 1: sound on. I'm Joe Matthew. This is Bloomberg broadcasting live 335 00:18:45,720 --> 00:18:50,639 Speaker 1: from our nation's capital. Bloomberg to New York, Bloomberg eleven 336 00:18:50,760 --> 00:18:54,919 Speaker 1: Frio to Boston, Bloomberg one oh six one does San Francisco, 337 00:18:55,040 --> 00:18:59,080 Speaker 1: Bloomberg nine sixty to the Country, serious x m General 338 00:18:59,119 --> 00:19:02,440 Speaker 1: one nine and around the globe the Bloomberg Business app 339 00:19:02,520 --> 00:19:06,800 Speaker 1: and Bloomberg Radio dot Com. This is Bloomberg Sound On 340 00:19:07,359 --> 00:19:13,320 Speaker 1: with Joe Matthew. It's the first incumbent versus incumbent matchup 341 00:19:13,520 --> 00:19:16,720 Speaker 1: in the cycle. I feel like a boxing announcer now. 342 00:19:17,240 --> 00:19:20,000 Speaker 1: Now it's primary day in Nebraska and in West Virginia. 343 00:19:20,040 --> 00:19:23,240 Speaker 1: Were redistricting left to lawmakers in the same district to 344 00:19:23,320 --> 00:19:27,000 Speaker 1: fight it out in a game of political musical chairs, 345 00:19:27,040 --> 00:19:29,200 Speaker 1: and you better believe Donald Trump is involved. We'll talk 346 00:19:29,200 --> 00:19:32,160 Speaker 1: about it all in a moment with Bloomberg campaign guru 347 00:19:32,240 --> 00:19:35,280 Speaker 1: Greg Giro. Voters out today in two states on this 348 00:19:35,480 --> 00:19:40,200 Speaker 1: primary Tuesday. It's Nebraska and in West Virginia as well, 349 00:19:40,200 --> 00:19:43,280 Speaker 1: where we have two incumbents left to fight over one 350 00:19:43,359 --> 00:19:47,640 Speaker 1: congressional district because the lines were redrawn. When the music stops, 351 00:19:47,880 --> 00:19:51,159 Speaker 1: there will be either Representative Alex Mooney endorsed by Donald 352 00:19:51,160 --> 00:19:57,000 Speaker 1: Trump or Representative David McKinley endorsed by Joe Mansion, among others. 353 00:19:57,720 --> 00:20:00,080 Speaker 1: So far the music has come from a string of 354 00:20:01,160 --> 00:20:03,240 Speaker 1: really over the top, but I have to admit kind 355 00:20:03,240 --> 00:20:07,679 Speaker 1: of fun political ads have a taste. Stand by for 356 00:20:07,800 --> 00:20:12,560 Speaker 1: a Trump alert. President Trump has endorsed Alex Mooney for Congress, 357 00:20:12,560 --> 00:20:16,520 Speaker 1: committed to beating Biden inflation. Alex Mooney is the official 358 00:20:16,600 --> 00:20:21,000 Speaker 1: Trump Republican choice for Congress, who broke with Republicans and 359 00:20:21,160 --> 00:20:25,040 Speaker 1: voted for Joe Biden's spending spree that's driving up inflation? 360 00:20:25,400 --> 00:20:32,320 Speaker 1: Who did that? David McKinley, Republican back him? Good question. 361 00:20:32,600 --> 00:20:37,280 Speaker 1: Mooney wins Trump's quote, complete and total endorsement. Alex Mooney 362 00:20:37,359 --> 00:20:40,960 Speaker 1: endorsed by Trump, a fighter for Congress to move to 363 00:20:41,000 --> 00:20:44,560 Speaker 1: West Virginia just to watch the ads. Bloomberg's Gragged you 364 00:20:44,640 --> 00:20:47,919 Speaker 1: out puts a finger on it. Trump's endorsement tested in 365 00:20:47,960 --> 00:20:52,960 Speaker 1: West Virginia incumbent matchup Greg Welcome back, Happy primary day. 366 00:20:53,000 --> 00:20:58,240 Speaker 1: Alex Mooney and David McKinley have been fairly similar creatures, 367 00:20:58,320 --> 00:21:02,159 Speaker 1: voted along similar lines in Washington. Right. So is this 368 00:21:02,240 --> 00:21:06,600 Speaker 1: a personal vendetta by Trump against David McKinley. Yeah, in 369 00:21:06,600 --> 00:21:09,159 Speaker 1: a sense, it is because while David McKinley is a 370 00:21:09,320 --> 00:21:14,119 Speaker 1: pretty strongly conservative voting record. He did antagonize Donald Trump 371 00:21:14,160 --> 00:21:18,800 Speaker 1: on two big votes. One was the infrastructure package. Thirteen 372 00:21:18,800 --> 00:21:22,760 Speaker 1: Republicans voted for Joe Biden's infrastructure law. And then McKinley 373 00:21:22,800 --> 00:21:25,760 Speaker 1: was one of thirty five Republicans who voted for what 374 00:21:25,880 --> 00:21:30,000 Speaker 1: would have been a bipartisan commission to investigate the January 375 00:21:30,440 --> 00:21:33,800 Speaker 1: attack on the capital that never became law. A different 376 00:21:34,600 --> 00:21:38,840 Speaker 1: commission did McKinley opposed, But those two votes alone really 377 00:21:39,720 --> 00:21:43,360 Speaker 1: angered Uh, Donald Trump, and that led him to endorse 378 00:21:43,720 --> 00:21:47,080 Speaker 1: Alex Moody Alex Mooney over McKinley in this very rare 379 00:21:47,359 --> 00:21:50,000 Speaker 1: member versus member primary. All right, so here we are. 380 00:21:50,800 --> 00:21:54,679 Speaker 1: Mooney also enjoys support of the Club for Growth, right 381 00:21:54,920 --> 00:21:59,439 Speaker 1: uh Lauren Bobert among others, and Representative McKinley has the 382 00:21:59,440 --> 00:22:02,040 Speaker 1: backing of Joe Mansion is, of course, also voted for 383 00:22:02,080 --> 00:22:05,439 Speaker 1: the bill and actually helped to craft it along with 384 00:22:05,480 --> 00:22:08,000 Speaker 1: the Chamber of Commerce, which backed the bill. Joe Managine 385 00:22:08,000 --> 00:22:11,320 Speaker 1: even made an ad for McKinley. I'm sure you've seen it. Greg. 386 00:22:11,359 --> 00:22:12,879 Speaker 1: To try to set the record straight on all this, 387 00:22:13,000 --> 00:22:15,560 Speaker 1: take a listen to Joe Mansion for Alex Mooney and 388 00:22:15,640 --> 00:22:19,480 Speaker 1: his out of state supporters. To suggest David McKinley supported 389 00:22:19,520 --> 00:22:23,320 Speaker 1: Bill back better is an outright lie. David McKinley has 390 00:22:23,359 --> 00:22:26,399 Speaker 1: always opposed reckless spending because it doesn't make sense for 391 00:22:26,440 --> 00:22:30,520 Speaker 1: West Virginia. So who means more in West Virginia, Greg 392 00:22:30,520 --> 00:22:34,399 Speaker 1: Trump or Mansion? Yeah, I guess we'll find out later tonight. 393 00:22:34,440 --> 00:22:38,520 Speaker 1: But Trump's certainly. Trump's endorsements certainly carries a fair amount 394 00:22:38,520 --> 00:22:41,400 Speaker 1: of weight as we've seen in previous races, but it does, 395 00:22:41,560 --> 00:22:44,439 Speaker 1: um you know, Joe Manson's intervention this race is very 396 00:22:44,520 --> 00:22:47,879 Speaker 1: unusual in that he's obviously a Democrat waiting into a 397 00:22:47,920 --> 00:22:50,960 Speaker 1: Republican primary here. But as Joe Manson has shown, he 398 00:22:51,000 --> 00:22:54,840 Speaker 1: has one plenty of Republican votes in West Virginia as well. 399 00:22:55,600 --> 00:22:59,439 Speaker 1: But McKinley does have the geographic advantage. He represents more 400 00:22:59,480 --> 00:23:02,600 Speaker 1: of the merged district and Alex Mooney. However, Alex Mooney 401 00:23:02,800 --> 00:23:04,800 Speaker 1: did enter the home stretch of the campaign with more 402 00:23:04,840 --> 00:23:07,200 Speaker 1: money left to wait and see who's gonna win this one? 403 00:23:07,280 --> 00:23:10,560 Speaker 1: But uh, yeah, it's seen more than five million dollars 404 00:23:10,600 --> 00:23:13,520 Speaker 1: in television advertising in which goes a long way in 405 00:23:13,560 --> 00:23:16,320 Speaker 1: northern West Virginia. Club for Growth was responsible. I think 406 00:23:16,359 --> 00:23:19,000 Speaker 1: for one of those millions, which is a heck of 407 00:23:19,000 --> 00:23:20,880 Speaker 1: a lot of money. To your point, In West Virginia, 408 00:23:21,359 --> 00:23:23,680 Speaker 1: how how's the polling look, Greg? Is there enough to 409 00:23:24,040 --> 00:23:26,960 Speaker 1: draw conclusions? That's been pretty scarce. I think it's a 410 00:23:27,000 --> 00:23:29,560 Speaker 1: tough state to poll, and um, there hasn't been much 411 00:23:29,720 --> 00:23:32,760 Speaker 1: independent polling. I believe there's one independent survey there was 412 00:23:32,760 --> 00:23:35,280 Speaker 1: released in the last couple of days that had Mooney 413 00:23:35,320 --> 00:23:39,120 Speaker 1: ahead of McKinley. How about Nebraska, We're also watching how 414 00:23:39,119 --> 00:23:43,879 Speaker 1: the Trump brand plays tonight in Nebraska the Republican gubernatorial primary. 415 00:23:44,560 --> 00:23:49,080 Speaker 1: Charles Herbster Mr. Herbster, backed by Trump, largely self financed, 416 00:23:49,720 --> 00:23:54,040 Speaker 1: facing off with Jim Pillen, veterinarian and I love self 417 00:23:54,080 --> 00:23:57,800 Speaker 1: described pig farmer. You've got to know we're not in 418 00:23:57,880 --> 00:24:01,040 Speaker 1: Washington anymore. Pillen was endoored us by the sitting governor, 419 00:24:01,080 --> 00:24:04,239 Speaker 1: who I believe, because of limits, is leaving. Greg. How 420 00:24:04,240 --> 00:24:07,120 Speaker 1: does this one look? Yeah, so Pete Ricketts, the current 421 00:24:07,560 --> 00:24:10,040 Speaker 1: Nebraska Republican governor, could not seek re election because of 422 00:24:10,080 --> 00:24:12,680 Speaker 1: turn limits, and he's endorsed the pilling. As you mentioned 423 00:24:13,680 --> 00:24:17,320 Speaker 1: Charles Herbster, he's a interesting guy who is always wearing 424 00:24:17,359 --> 00:24:20,040 Speaker 1: cowboy hats, and uh, I believe like a vest in 425 00:24:20,080 --> 00:24:24,040 Speaker 1: a tie every time he's uh goes in campaigns, and 426 00:24:24,080 --> 00:24:28,240 Speaker 1: he's a campaigning with the enthusiastics enthusiastic support of Donald Trump. 427 00:24:28,280 --> 00:24:30,679 Speaker 1: It's an open seat, as we've talked about, and a 428 00:24:30,800 --> 00:24:34,920 Speaker 1: very very Republican state, and given how strongly Republican the 429 00:24:34,960 --> 00:24:38,040 Speaker 1: state is, whoever wins the primary will be strongly favored 430 00:24:38,080 --> 00:24:40,080 Speaker 1: to be elected governor in November. Do you have a 431 00:24:40,119 --> 00:24:42,200 Speaker 1: sense what drew Donald Trump into this one or is 432 00:24:42,240 --> 00:24:45,600 Speaker 1: he just he just needs to plant the flag everywhere? Uh. 433 00:24:45,600 --> 00:24:47,880 Speaker 1: He definitely likes to intervene in races where he has 434 00:24:47,920 --> 00:24:50,080 Speaker 1: a kind of a I think maybe a personal liking 435 00:24:50,080 --> 00:24:52,920 Speaker 1: to the candidate, maybe the candidates style in this case, 436 00:24:52,960 --> 00:24:57,440 Speaker 1: maybe Herbster's uh um, you know, anti anti establishment, anti 437 00:24:57,480 --> 00:25:00,560 Speaker 1: Washington rhetoric appealed to Donald Trump in his cames. You 438 00:25:00,600 --> 00:25:02,760 Speaker 1: point out the fact that Joe Manchion is a Democrat 439 00:25:03,280 --> 00:25:07,160 Speaker 1: making an ad for a Republican here in this case 440 00:25:07,240 --> 00:25:09,600 Speaker 1: reminds me of when Ray Flynn made an ad for 441 00:25:09,600 --> 00:25:12,199 Speaker 1: for Scott Brown. That kind of stuff gets attention. But 442 00:25:12,240 --> 00:25:16,280 Speaker 1: Joe mansion is also has this sort of grandfatherly role 443 00:25:16,560 --> 00:25:20,360 Speaker 1: that he plays in West Virginia politics, right, I suspect 444 00:25:20,400 --> 00:25:23,159 Speaker 1: that that got some attention. It really did, and I 445 00:25:23,200 --> 00:25:25,239 Speaker 1: think in and I'm hard pressed I did. I had 446 00:25:25,240 --> 00:25:28,600 Speaker 1: forgotten almost about that. Scott Brown uh Win the head there. 447 00:25:28,600 --> 00:25:31,520 Speaker 1: It's a good pull there. But you know, in most cases, 448 00:25:31,560 --> 00:25:35,440 Speaker 1: it's very very risky, if not politically suicidal, to you know, 449 00:25:35,480 --> 00:25:39,800 Speaker 1: announce an endorsement in a primary election from a politician 450 00:25:39,840 --> 00:25:42,280 Speaker 1: from the opposite party. But in this case, it just 451 00:25:42,320 --> 00:25:45,520 Speaker 1: kind of speaks to how just how well liked that 452 00:25:45,600 --> 00:25:48,480 Speaker 1: Joe Mansion is in you know, some Republican circles that 453 00:25:48,560 --> 00:25:51,480 Speaker 1: David McKinley felt they would have helped his campaign rather 454 00:25:51,520 --> 00:25:54,679 Speaker 1: than hurt it to have mansions and premature for this primary, 455 00:25:54,760 --> 00:25:56,480 Speaker 1: you expect a late night. What are you watching for 456 00:25:56,480 --> 00:25:59,719 Speaker 1: the next few hours, Greg, after the polls closed, Well, 457 00:26:00,040 --> 00:26:02,159 Speaker 1: seven thirty PM is when the voting is supposed to 458 00:26:02,240 --> 00:26:04,119 Speaker 1: end in West Virginia. Sometimes the county can be a 459 00:26:04,119 --> 00:26:06,760 Speaker 1: little bit slow. But you know what I have is 460 00:26:06,800 --> 00:26:09,119 Speaker 1: the have a map of the twenty seven counties in 461 00:26:09,200 --> 00:26:13,080 Speaker 1: the McKinley Mooney merged district. Nineteen of them are held 462 00:26:13,080 --> 00:26:14,800 Speaker 1: by McKinley and eight of them by Mooney and I'll 463 00:26:14,800 --> 00:26:17,360 Speaker 1: watch the returns that they come in. And if Mooney 464 00:26:17,400 --> 00:26:21,320 Speaker 1: starts doing quite well in counties that McKinley is winning, 465 00:26:21,320 --> 00:26:23,639 Speaker 1: that's going to be obviously good night for Mooney. But 466 00:26:23,680 --> 00:26:26,119 Speaker 1: if McKinlay can hold his own and his in his 467 00:26:26,200 --> 00:26:29,280 Speaker 1: home turf and kind of parlay that geographic advantage to 468 00:26:29,520 --> 00:26:33,080 Speaker 1: uh to his to his edge, then it'll be good 469 00:26:33,119 --> 00:26:35,359 Speaker 1: night for him. I always love to spending time with 470 00:26:35,400 --> 00:26:37,680 Speaker 1: Dreg Arrow on a primary day, isn't you can? You 471 00:26:37,720 --> 00:26:39,919 Speaker 1: can just get the enthusiasm through the phone, right, I 472 00:26:39,920 --> 00:26:41,960 Speaker 1: love it. Thank you great reporting. We'll be watching for 473 00:26:42,000 --> 00:26:45,360 Speaker 1: you on the terminal. Reassemble the panel. Next, this is Bloomberg. 474 00:26:47,240 --> 00:26:51,040 Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew 475 00:26:51,400 --> 00:26:57,119 Speaker 1: on Bloomberg Radio. So is it Mansion versus Trump in 476 00:26:57,160 --> 00:27:02,040 Speaker 1: West Virginia? Is your sounds? Get speaking with Greg indirectly? 477 00:27:02,080 --> 00:27:05,080 Speaker 1: Of course, you know, with Mansion backing McKinley, Trump going 478 00:27:05,119 --> 00:27:10,120 Speaker 1: with Mooney because McKinley voted for the infrastructure bill, which 479 00:27:10,160 --> 00:27:14,000 Speaker 1: of course Joe Mansion was a big part of. And 480 00:27:14,080 --> 00:27:17,000 Speaker 1: we've got an interesting primary here. Of course, again one 481 00:27:17,080 --> 00:27:22,000 Speaker 1: district lost because of redistricting, redrawing the lines, which means 482 00:27:22,040 --> 00:27:25,399 Speaker 1: you have incumbent on incumbent. And here we are again 483 00:27:25,440 --> 00:27:28,600 Speaker 1: with the panel curious to hear what they think. Bloomberg 484 00:27:28,680 --> 00:27:32,920 Speaker 1: Politics contributors Jeanie Chanzano and Rick Davis Rick. This is 485 00:27:32,960 --> 00:27:37,119 Speaker 1: another example of Donald Trump making a decision to endorse somebody, 486 00:27:37,200 --> 00:27:39,480 Speaker 1: largely for sort of personal reasons. In this case, he 487 00:27:39,520 --> 00:27:42,280 Speaker 1: was offended by the vote on infrastructure, by the vote 488 00:27:42,320 --> 00:27:45,960 Speaker 1: on January six. Uh what kind of a way to 489 00:27:45,960 --> 00:27:48,600 Speaker 1: pick a horse is that? Well, it's not the first 490 00:27:48,600 --> 00:27:52,960 Speaker 1: time that Donald Trump has retribution as a primary political 491 00:27:53,000 --> 00:27:55,840 Speaker 1: motivating tool. In fact, that's kind of his whole m o. 492 00:27:56,680 --> 00:28:00,720 Speaker 1: I'm gonna if you do anything that cross with me. Yeah, 493 00:28:00,720 --> 00:28:03,840 Speaker 1: ask Liz Cheney. So uh so, this is pretty standard 494 00:28:03,840 --> 00:28:06,960 Speaker 1: operating procedure for Donald Trump. And and and in this case, 495 00:28:07,040 --> 00:28:11,400 Speaker 1: if he is successful, it's kind of a double victory lap, right. 496 00:28:11,440 --> 00:28:13,840 Speaker 1: I mean, not only does he get the guy he picked, 497 00:28:13,880 --> 00:28:17,119 Speaker 1: but he's dispatching someone who actually did something he didn't like. 498 00:28:17,640 --> 00:28:20,199 Speaker 1: That's what's so unique about these two incumbents. You know, 499 00:28:20,240 --> 00:28:22,760 Speaker 1: they have track records in the House, and and Donald 500 00:28:22,800 --> 00:28:26,560 Speaker 1: Trump could actually uh beat back an opponent at the 501 00:28:26,640 --> 00:28:30,200 Speaker 1: same time, putting someone in there who will basically endorse 502 00:28:30,280 --> 00:28:32,160 Speaker 1: whatever his point of view is. What do you make 503 00:28:32,200 --> 00:28:34,520 Speaker 1: of the Joe Mansion endorsement. I'd like to hear from 504 00:28:34,560 --> 00:28:36,359 Speaker 1: both of you on this. But Rick as a Republican 505 00:28:36,400 --> 00:28:38,560 Speaker 1: having the Democrat come in, or was that the other 506 00:28:38,560 --> 00:28:40,760 Speaker 1: way around? The Republicans called the Democrat and said, hey, 507 00:28:40,800 --> 00:28:42,200 Speaker 1: we really would love for you to make an ad. 508 00:28:42,920 --> 00:28:45,360 Speaker 1: You know, I grew up in Virginia politics, you know, 509 00:28:45,440 --> 00:28:49,680 Speaker 1: and we had this classic guy, uh, Senator Harry Bird, 510 00:28:50,120 --> 00:28:54,000 Speaker 1: who was an independent, and and everybody wanted his endorsement, right, 511 00:28:54,120 --> 00:28:58,239 Speaker 1: I mean Republicans wanted his endorsement, Democrats wanted his endorsement. Uh. 512 00:28:58,280 --> 00:28:59,959 Speaker 1: And I think this is the same kind of thing. 513 00:29:00,200 --> 00:29:02,240 Speaker 1: I think that Joe Manchin is kind of the Harry 514 00:29:02,240 --> 00:29:05,480 Speaker 1: Bird of West Virginia, you know, brought up to speed 515 00:29:05,520 --> 00:29:08,640 Speaker 1: on on the current political scene. And and he's just 516 00:29:08,720 --> 00:29:12,240 Speaker 1: a guy who Democrats want, Republicans want. He's extremely popular 517 00:29:12,640 --> 00:29:17,400 Speaker 1: amongst both constituencies in um West Virginia. And it'll be 518 00:29:17,440 --> 00:29:20,760 Speaker 1: interesting to see how much, if he doesn't pull this off, 519 00:29:20,880 --> 00:29:25,680 Speaker 1: how much that made me affects his his his power base, 520 00:29:25,800 --> 00:29:28,480 Speaker 1: because right now, I mean, he's playing some pretty hard 521 00:29:29,320 --> 00:29:32,680 Speaker 1: political shots with the Democrats, you know, with the understanding 522 00:29:32,680 --> 00:29:34,640 Speaker 1: that he can get away with it, and and if 523 00:29:34,680 --> 00:29:37,720 Speaker 1: he looks like he's failed here, it might chip away 524 00:29:37,720 --> 00:29:40,160 Speaker 1: at some of that armor. That's an interesting way of 525 00:29:40,200 --> 00:29:43,080 Speaker 1: looking at it here. What do you make of this genie? 526 00:29:43,080 --> 00:29:47,080 Speaker 1: If if, if, if Joe Manchin has that kind of 527 00:29:47,720 --> 00:29:53,280 Speaker 1: grandfatherly presence in West Virginia politics, how does Donald Trump 528 00:29:53,320 --> 00:29:55,640 Speaker 1: come close to that? Well, he comes close to it 529 00:29:55,680 --> 00:30:00,360 Speaker 1: because he won every county in West Virginia in he 530 00:30:00,520 --> 00:30:03,520 Speaker 1: it's his second best state in the country. He wins 531 00:30:03,520 --> 00:30:08,400 Speaker 1: by six to me. This is Donald Trump versus infrastructure. 532 00:30:08,640 --> 00:30:12,920 Speaker 1: And if Donald Trump wins, that speaks volumes to how 533 00:30:12,920 --> 00:30:18,480 Speaker 1: he controls this party. Because West Virginia desperately needs infrastructure money. 534 00:30:19,760 --> 00:30:22,800 Speaker 1: Forty five bridges in that state rated in poor condition, 535 00:30:22,840 --> 00:30:25,640 Speaker 1: the highest in the country. They have the second highest 536 00:30:25,720 --> 00:30:28,200 Speaker 1: rate of power outages. You can just go on and on. 537 00:30:28,600 --> 00:30:32,080 Speaker 1: They need the money. You have McKinley saying, hey, look it, 538 00:30:32,200 --> 00:30:34,680 Speaker 1: I didn't play politics. I voted for what we need. 539 00:30:35,240 --> 00:30:38,600 Speaker 1: And yet he could very well lose. And by the way, 540 00:30:38,680 --> 00:30:42,520 Speaker 1: in this new district, he is in much more representative 541 00:30:42,560 --> 00:30:45,760 Speaker 1: of the new district than Mooney so this is a 542 00:30:45,800 --> 00:30:48,240 Speaker 1: big win for Donald Trump if he pulls this off 543 00:30:48,680 --> 00:30:53,000 Speaker 1: pretty incredible quickly. On the Nebraska gubernatorial it's just interesting. 544 00:30:53,600 --> 00:30:57,040 Speaker 1: Uh in this case, you've got a pig farmer veterinarian 545 00:30:58,120 --> 00:31:01,120 Speaker 1: versus a pretty rich guy has been financing his own 546 00:31:01,160 --> 00:31:04,080 Speaker 1: campaign largely walking around in cowboy hats. Rick, what's a 547 00:31:04,080 --> 00:31:07,840 Speaker 1: better story for the Republican Party. You know, it's kind 548 00:31:07,840 --> 00:31:09,920 Speaker 1: of a win win. Whoever wins this is gonna win 549 00:31:09,960 --> 00:31:13,600 Speaker 1: the election. I have to be for the veterinarian. My 550 00:31:13,640 --> 00:31:17,640 Speaker 1: wife's a veterinarian. I can't oppose a veterinarian. But uh, 551 00:31:17,720 --> 00:31:20,080 Speaker 1: but at the end of the day, I'd really side 552 00:31:20,080 --> 00:31:22,280 Speaker 1: with the pig farmer because what what Washington, d c. 553 00:31:22,480 --> 00:31:25,320 Speaker 1: Needs Is some much better barbecue. And maybe if this guy, 554 00:31:25,760 --> 00:31:27,920 Speaker 1: you know, could have some influence in Washington, we get 555 00:31:27,920 --> 00:31:30,960 Speaker 1: some decent barbecue. But this is a win win. Republicans 556 00:31:31,000 --> 00:31:34,320 Speaker 1: are gonna win this seat. Um Uh. The governor's wildly 557 00:31:34,360 --> 00:31:37,480 Speaker 1: popular there. He can't run because he's term limited. So 558 00:31:37,640 --> 00:31:40,720 Speaker 1: I think this has much less controversy associated other than 559 00:31:41,160 --> 00:31:44,160 Speaker 1: you know, maybe some of the piccadillos that have been 560 00:31:44,280 --> 00:31:47,840 Speaker 1: uh talked about regarding one of the candidates. Um, it's 561 00:31:47,920 --> 00:31:50,280 Speaker 1: it's it's a it's a little bit of a foregone conclusion. 562 00:31:50,440 --> 00:31:53,000 Speaker 1: He's pulling for the pig farmer Regina. That means Donald 563 00:31:53,000 --> 00:31:56,520 Speaker 1: Trump would lose in Nebraska. That's right. And you know 564 00:31:56,680 --> 00:31:58,680 Speaker 1: I am pulling for the pig farmer as well. There's 565 00:31:58,720 --> 00:32:01,360 Speaker 1: also we th Canada in this race. But you know, 566 00:32:01,480 --> 00:32:04,160 Speaker 1: it is important to say that the Trump endorsed candidate 567 00:32:04,280 --> 00:32:08,560 Speaker 1: is facing serious allegations of misconduct with eight to nine 568 00:32:08,560 --> 00:32:12,080 Speaker 1: women who have accused him, um of sexual misconduct, and 569 00:32:12,160 --> 00:32:15,640 Speaker 1: so he is somebody who is controversial from the start. 570 00:32:15,960 --> 00:32:19,280 Speaker 1: He has been endorsed by Donald Trump, and once again 571 00:32:19,760 --> 00:32:22,560 Speaker 1: you have him versus the more establishment These are all 572 00:32:22,560 --> 00:32:26,440 Speaker 1: conservative conservatives, but the establishment wing if you have anything 573 00:32:26,480 --> 00:32:29,840 Speaker 1: like that of the Nebraska Republican Party and in the 574 00:32:29,880 --> 00:32:33,640 Speaker 1: candidate that's endorsed by the governor of the sitting governor 575 00:32:33,720 --> 00:32:37,440 Speaker 1: of Nebraska. So it is a big, big, another sort 576 00:32:37,480 --> 00:32:40,440 Speaker 1: of notch in Trump's belt, if you will. If he 577 00:32:40,520 --> 00:32:43,760 Speaker 1: pulls these off against people who live there, who work there, 578 00:32:43,760 --> 00:32:46,400 Speaker 1: and who know these people. Well, if we're talking Trump, 579 00:32:46,520 --> 00:32:49,760 Speaker 1: we need to we need to talk about Elon making 580 00:32:49,800 --> 00:32:53,760 Speaker 1: news today at what was the Financial Times future of 581 00:32:53,800 --> 00:32:56,840 Speaker 1: the car summit, and of course Mr Tesla was there, 582 00:32:56,880 --> 00:33:00,720 Speaker 1: but it was Twitter that made the news. Listen to 583 00:33:00,760 --> 00:33:05,280 Speaker 1: what Elon Musk says about reinstating Donald Trump. He says 584 00:33:05,360 --> 00:33:07,880 Speaker 1: he will do that assuming this deal goes through and 585 00:33:08,000 --> 00:33:11,440 Speaker 1: he's actually running Twitter. Listen to Elon Musk. He has 586 00:33:11,440 --> 00:33:14,200 Speaker 1: publicly stated that he will not be coming back to 587 00:33:14,280 --> 00:33:17,800 Speaker 1: Twitter um and that he will only be on truth Social. 588 00:33:18,840 --> 00:33:20,880 Speaker 1: And this is the point that I'm trying to make, 589 00:33:20,920 --> 00:33:24,680 Speaker 1: which is perhaps not getting across, is that there is 590 00:33:24,720 --> 00:33:29,360 Speaker 1: that banning Trump from Twitter didn't end Trump voice. It 591 00:33:29,400 --> 00:33:33,160 Speaker 1: will amplify it among the rights. And this is why 592 00:33:33,200 --> 00:33:36,760 Speaker 1: it is molly wrung and flat out stupid spoken like 593 00:33:36,800 --> 00:33:39,520 Speaker 1: Elon Musk, Rick Davis is their truth to that? Does 594 00:33:39,560 --> 00:33:42,960 Speaker 1: that create the martyrdom that allows Donald Trump to last? 595 00:33:43,520 --> 00:33:46,560 Speaker 1: You know, it hasn't um You would have thought that 596 00:33:46,600 --> 00:33:49,720 Speaker 1: had been implemented before. True Social has been kind of 597 00:33:49,720 --> 00:33:53,520 Speaker 1: a dismal failure so far. Maybe it's technology that's limiting it, 598 00:33:53,560 --> 00:33:56,200 Speaker 1: but certain people will still be listening to Trump if 599 00:33:56,240 --> 00:33:58,160 Speaker 1: he were still on Twitter. I think the same people 600 00:33:58,160 --> 00:34:00,360 Speaker 1: who were probably on True Social would be on Twitter 601 00:34:00,560 --> 00:34:03,520 Speaker 1: and and and they probably already are and so it's 602 00:34:03,560 --> 00:34:07,680 Speaker 1: really up to Trump. Uh, he's trying to now feather 603 00:34:07,720 --> 00:34:11,120 Speaker 1: bed his own economics by promoting true social Uh. It 604 00:34:11,120 --> 00:34:13,040 Speaker 1: would be a huge blow to them if he went 605 00:34:13,080 --> 00:34:15,720 Speaker 1: back onto Twitter. So he's he's the one who's created 606 00:34:16,520 --> 00:34:20,719 Speaker 1: a kind of jam for himself. Whereas economic interests aren't 607 00:34:20,719 --> 00:34:23,400 Speaker 1: aligned with his political interests. The stock has been hammered 608 00:34:23,520 --> 00:34:26,879 Speaker 1: this back that will eventually lead to to this being 609 00:34:26,920 --> 00:34:30,839 Speaker 1: public genie. Uh, to hear Elon Musk, though, it will 610 00:34:30,880 --> 00:34:33,239 Speaker 1: amplify it among the right, which is why it is 611 00:34:33,320 --> 00:34:38,560 Speaker 1: morally wrong and flat out stupid. Should Twitter have bumped 612 00:34:38,640 --> 00:34:43,040 Speaker 1: Donald Trump to begin with? It's morally wrong, he says, yeah, 613 00:34:43,080 --> 00:34:46,239 Speaker 1: you know, and there's a really interesting theory which says that, 614 00:34:46,320 --> 00:34:50,040 Speaker 1: you know, these right wing social media platforms, if you will, 615 00:34:50,120 --> 00:34:53,160 Speaker 1: don't work because they don't have the foil of people 616 00:34:53,239 --> 00:34:55,800 Speaker 1: on the left and progressives there to lash out against 617 00:34:56,080 --> 00:34:58,799 Speaker 1: and so truth social you know, not only has Trump 618 00:34:58,880 --> 00:35:01,120 Speaker 1: not used it, not only is it the dismal failure 619 00:35:01,160 --> 00:35:03,600 Speaker 1: that Rick was just talking about, but you know, it 620 00:35:03,719 --> 00:35:07,040 Speaker 1: just doesn't have the reach of something like Twitter because 621 00:35:07,120 --> 00:35:10,200 Speaker 1: it doesn't have liberals and progressives on it. So, you know, 622 00:35:10,640 --> 00:35:13,040 Speaker 1: I keep thinking every time I hear Elon Musk say 623 00:35:13,080 --> 00:35:15,239 Speaker 1: this about it being morally wrong and getting Trump back 624 00:35:15,280 --> 00:35:17,960 Speaker 1: on there, that he's working for the Democrats quite frankly, 625 00:35:18,000 --> 00:35:21,600 Speaker 1: because there's nothing they want more than Donald Trump everywhere 626 00:35:21,600 --> 00:35:24,960 Speaker 1: he could possibly be. Keep Joe Biden quiet, keep Donald 627 00:35:24,960 --> 00:35:28,080 Speaker 1: Trump there, and they have you know, I wouldn't even 628 00:35:28,120 --> 00:35:30,440 Speaker 1: say a fighting chance, but they have a better chance 629 00:35:30,480 --> 00:35:32,440 Speaker 1: than they do in a dismal year right now. That 630 00:35:32,480 --> 00:35:36,200 Speaker 1: cuts both ways though, with millions of followers. Rick, I've 631 00:35:36,280 --> 00:35:39,680 Speaker 1: heard that that logic as well. The Republicans hope Donald 632 00:35:39,719 --> 00:35:42,200 Speaker 1: Trump does not come back on Twitter. Well, it depends 633 00:35:42,200 --> 00:35:46,480 Speaker 1: on which Republicans are talking about. I'm I'm afraid Jeanie's right. 634 00:35:46,520 --> 00:35:49,720 Speaker 1: There are a lot of Republicans who breathed a sigh 635 00:35:49,719 --> 00:35:52,439 Speaker 1: of relief when he was banned because they were sick 636 00:35:52,480 --> 00:35:54,680 Speaker 1: and tired of having to respond to his comments as 637 00:35:55,040 --> 00:35:57,759 Speaker 1: a member of the Republican Party every day. Uh. And 638 00:35:57,800 --> 00:35:59,920 Speaker 1: it would start early in the morning and last till 639 00:36:00,080 --> 00:36:05,000 Speaker 1: late at night. And so when you have thirty news cycles, 640 00:36:05,040 --> 00:36:07,800 Speaker 1: you know, while the guys in his waking hours, it's 641 00:36:07,800 --> 00:36:11,799 Speaker 1: it's exhausting. And so sure, I think there was a 642 00:36:11,800 --> 00:36:15,480 Speaker 1: side relief there. I do want to make sure everybody 643 00:36:15,640 --> 00:36:18,920 Speaker 1: has pointed out that the reason that he was banned 644 00:36:19,160 --> 00:36:23,480 Speaker 1: Umu wasn't because of just general incendiary UH language, is 645 00:36:23,600 --> 00:36:28,080 Speaker 1: because he was promoting a soft coup uh, you know, 646 00:36:28,200 --> 00:36:32,839 Speaker 1: during the January six insurrection into Capital. So I don't 647 00:36:32,880 --> 00:36:35,680 Speaker 1: know exactly what you have to do to break the 648 00:36:35,760 --> 00:36:39,480 Speaker 1: rules enough to get banned if you're in the um 649 00:36:39,840 --> 00:36:44,200 Speaker 1: Elon Musk world, but that's pretty hard to top. How 650 00:36:44,239 --> 00:36:46,600 Speaker 1: does this end then, Jennie, he has Elon Musk begging 651 00:36:46,680 --> 00:36:48,959 Speaker 1: to come back. Maybe another you know, there's another couple 652 00:36:49,000 --> 00:36:51,840 Speaker 1: of news conferences they closed. The deal is just you know, 653 00:36:51,960 --> 00:36:54,719 Speaker 1: has to has to be there for his followers when 654 00:36:54,760 --> 00:36:57,560 Speaker 1: they need him, and Bingo were back on Twitter. I 655 00:36:58,000 --> 00:36:59,960 Speaker 1: think it could end that way. You know, I think 656 00:37:00,040 --> 00:37:02,759 Speaker 1: this is a no win proposition for Elon Musk if 657 00:37:02,760 --> 00:37:06,520 Speaker 1: this Twitter deal goes through, Moderation is a requirement, there 658 00:37:06,600 --> 00:37:08,480 Speaker 1: is no way around it, and it is a no 659 00:37:08,640 --> 00:37:11,680 Speaker 1: win prospect. So how he's going to do this? You know, 660 00:37:11,719 --> 00:37:14,200 Speaker 1: he could talk morally wrong and all everything he wants, 661 00:37:14,200 --> 00:37:18,080 Speaker 1: but really really tough to do. Great talk with both 662 00:37:18,160 --> 00:37:20,719 Speaker 1: of you, guys, Jennie Chantino and Rick Davis. Our signature 663 00:37:20,760 --> 00:37:23,680 Speaker 1: panel on Sound on Thinks as well. So Greg, you'rero 664 00:37:23,840 --> 00:37:27,719 Speaker 1: for being with us and Congressman Kevin Brady with the 665 00:37:27,800 --> 00:37:30,600 Speaker 1: latest on everything here inside the Bubble. I'll meet you 666 00:37:30,640 --> 00:37:34,240 Speaker 1: back here tomorrow the fastest hour in politics. I'm Joe Matthew. 667 00:37:34,400 --> 00:37:35,560 Speaker 1: This is Bloomberg.