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Speaker 1: Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with

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Speaker 1: David Gura. Daily we bring you insight from the best

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Speaker 1: of economics, finance, investment, and international relations. Find Bloomberg Surveillance

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Speaker 1: on Apple Podcasts, SoundCloud, Bloomberg dot Com, and of course,

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Speaker 1: on the Bloomberg. This is a lovely book, Failure to Adjust.

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Speaker 1: All you need to know is Sebastian Maloby and Michael

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Speaker 1: Spence had shut up and read it. That's a pretty

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Speaker 1: good group. Mr Ratner here as well, Stephen Ratner weighing

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Speaker 1: in how Americans got left behind in the global economy.

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Speaker 1: It is a heartbreaking book. At Ted Alden takes it

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Speaker 1: forward with the Council on Foreign Relations in a new

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Speaker 1: forward in the Paperback on Moness in Pennsylvania and Al

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Speaker 1: Hunt wrote about this a year after the President's speech.

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Speaker 1: Take us back to the President's speech, all the promises

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Speaker 1: made to the deteriorating iron country of this nation. So

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Speaker 1: he goes to Manessan in Juna used to be one

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Speaker 1: of the country's great steel towns. You know, population in

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Speaker 1: twenty thousand, you know, big steelmakers. The closest he can

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Speaker 1: find is a maker of recycled aluminum essentially a luma

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Speaker 1: source it's called. So he's standing in front of a

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Speaker 1: bunch of crushed aluminum cans and he gives the most

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Speaker 1: detailed speech of the campaign on what he's gonna do

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Speaker 1: on trade policy to help bring places like Manessan back

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Speaker 1: to their feet. And he talks about pulling out of

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Speaker 1: the Trans Pacific Partnership and renegotiating nafton pointing Truugh trade negotiator,

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Speaker 1: and going after China and and slapping import tarrafs on

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Speaker 1: steel using national security grounds. So he lays out all

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Speaker 1: these promises and uh, and you know, he got a

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Speaker 1: lot of support from those kinds of places around the country.

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Speaker 1: Was a big part of why he won the election

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Speaker 1: in these rest belts states. Say, good morning all listening

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Speaker 1: on serious sex. I'm Chinda one nineteen south of Pittsburgh

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Speaker 1: and east Shootmaker Streets. There's Felicia's restaurant. Talk to the

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Speaker 1: people in the diner of the restaurant Felicia's Restaurant, and

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Speaker 1: Moness and what what what's the plan? What do you

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Speaker 1: see right now to try to help so many Americans

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Speaker 1: that have been left behind. See I don't I don't

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Speaker 1: think this administration has a plan. Unfortunately, I have some

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Speaker 1: sympathy to to at least their rhetorical direction on trade policy.

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Speaker 1: I think places like Moness and really got cream by

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Speaker 1: import competition going all the way back to the eighties

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Speaker 1: and through the two thousands. But you've got to build

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Speaker 1: a new economy there. You've got to connect it up

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Speaker 1: to the vibrant cities. I mean, Pittsburgh is doing very well.

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Speaker 1: The problem is you've got little places like Moness and

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Speaker 1: thirty miles outside of Pittsburgh that are not connected to

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Speaker 1: that economy. So you know, my recipe would be time

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Speaker 1: into the city economies, broadband for everyone, make it possible

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Speaker 1: for people to work remotely, find new ways to revitalize

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Speaker 1: these place. You're not gonna bring back the steel economy.

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Speaker 1: But ted this cost money. So where do you take

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Speaker 1: the money from? Well, I mean the United States. You know,

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Speaker 1: despite the President's claim is a reasonably low tax country.

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Speaker 1: I think there's there's lots of potential sources or revenue.

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Speaker 1: And and if you take seriously what the President ran

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Speaker 1: on his campaign, these are places that need help. I'm

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Speaker 1: not saying it all needs to come from government. I

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Speaker 1: think a lot of it can come from the private sector,

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Speaker 1: from NGOs and other places. But the notion that we

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Speaker 1: as a country don't have money to build out broadband,

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Speaker 1: that's ridiculous, right, that's basic infrastructure in the century. Ted,

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Speaker 1: how will the midterm election goes? And and actually, well,

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Speaker 1: it could be a reset button for the for the

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Speaker 1: Trump presidency. I mean, I don't know. The problem is

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Speaker 1: the Democrats aren't offering a very coherent alternative, so I'm

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Speaker 1: not I'm not sure what choice the American people are

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Speaker 1: going to be making in November. I mean, obviously, if

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Speaker 1: if the Republican Party suffers losses, that's going to force

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Speaker 1: some sort of reset. But but it's not like it's

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Speaker 1: all harmony within the Republican Party right now between Trump

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Speaker 1: and UH and the folks on the hill. Time we

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Speaker 1: got left with you. What drives you nuts about neft

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Speaker 1: to coverage right now? The fact that rather than kind

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Speaker 1: of thinking about how we move forward as a North

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Speaker 1: American region. Look, you know, we're in a competitive global economy,

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Speaker 1: the rise of China. We're not talking about North America anymore.

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Speaker 1: We're talking about these little distributional battles within North America.

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Speaker 1: Where are we gonna win Where's Mexico gonna lose? Where

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Speaker 1: are we gonna win? Where's Canada gonna lose? Trade is

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Speaker 1: not a zero sum game? But Varro and Ross think

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Speaker 1: it is. Yeah, Well they're I mean, they're wrong about

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Speaker 1: they do they do? They do? They do absolutely and

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Speaker 1: and you know that's not to say trade benefits everyone equally.

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Speaker 1: It doesn't. That's the problem. But the notion that trade

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Speaker 1: is zero sum is simply wrong. And their approach to

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Speaker 1: NAFTA has been entirely zero sum. I'm gonna do a

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Speaker 1: lot with this on social today, folks look for failure

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Speaker 1: to adjust how Americans got left behind the global economy.

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Speaker 1: I really can't say enough about, uh, the exceptionally informed

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Speaker 1: density of it. On all things trade, everyone walks away

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Speaker 1: from it smarter and writer Edward Alden is with a

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Speaker 1: Council on Foreign Relations, I would suggest in the nine

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Speaker 1: am morning of Soul Korea, the President of the United States,

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Speaker 1: maybe we'll be looking to Virginia. Any number of people

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Speaker 1: in the last few days have told me this governor's

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Speaker 1: race is a huge deal to review. Mr Gillespie of

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Speaker 1: the right side of the Aisle barely won the primary

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Speaker 1: off of a strong challenge and on the left side.

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Speaker 1: Mr mccauloff couldn't run. I'm told so. The lieutenant governor

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Speaker 1: uh had some Bernie Sanders like competition and prevailed. Ralph

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Speaker 1: Northrom is the Lieutenant governor of Virginia and joins us

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Speaker 1: on this historic day. I have to ask the election

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Speaker 1: day question, Um, Mr Northa, what are you gonna be

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Speaker 1: doing today? Where do you need to travel? Where's the

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Speaker 1: geography you're focused on? Well, thank you for having thanks,

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Speaker 1: thanks for having me on this morning. And uh, you know,

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Speaker 1: our home is in Norfolk, Virginia, so we're starting here locally.

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Speaker 1: I've been over to Portsmouth this morning to a pole

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Speaker 1: and very exciting over there. A lot of voters are

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Speaker 1: showing up. They're really uh focusing on this election. And

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Speaker 1: I'll vote here in a little while in Norfolk, and

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Speaker 1: we'll make our way up through Richmond and into northern

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Speaker 1: Virginia this afternoon and this evening. Dr North amount of

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Speaker 1: Eastern Virginia medical And of course you did service with

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Speaker 1: the military. Norfolk is a voice and I would say

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Speaker 1: that as almost Trump territory. How does the Democrat doing

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Speaker 1: Norton and Norfolk? Can you get a cup of coffee? Oh? Absolutely,

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Speaker 1: we'll do very well in Norfolk. And I have worked

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Speaker 1: at the Children's hospital here for over twenty five years.

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Speaker 1: And as you said, I'm a vedroom of the United

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Speaker 1: States Army, so this is my backyard. And we expect

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Speaker 1: a large turnout here, large military uh uh area here,

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Speaker 1: and and a lot of folks in medical care. So

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Speaker 1: we'll do real well here. Today I've driven the spike

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Speaker 1: called the Spine in Virginia off the Shenandoah and down

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Speaker 1: towards Tennessee, and it is a wonderful state of great,

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Speaker 1: great variants. How does the President play into this this campaign?

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Speaker 1: How does Mr Trump play for you? Is it your

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Speaker 1: advantage to have President Trump uh in the in the

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Speaker 1: in the background. Well, he's you know, released so many

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Speaker 1: detrimental policies out of Washington, starting with the travel band

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Speaker 1: that it's just totally Unamerican, and and then pulling away

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Speaker 1: from the Paris Accord. We've been made so much privress

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Speaker 1: in Virginia with renewable energy, and he wants to reverse

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Speaker 1: data and and then finally with health care. And certainly

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Speaker 1: that's my background as a position, but you know, to

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Speaker 1: put thirty million Americans at risk of losing their coverage

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Speaker 1: is just unacceptable. And so it's very important in Virginia

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Speaker 1: that someone be at the table that understands health care

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Speaker 1: to make sure that Virginia's have access to affordable, quality care.

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Speaker 1: That sets it up nicely. But the polling is quite

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Speaker 1: close with you with a nudge here as well. Is

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Speaker 1: the president a detriment to Mr Gillespie of the Republican Party?

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Speaker 1: And how do you how have you played that in

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Speaker 1: the last two or three days. Well, his approval writings

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Speaker 1: are certainly low. And you know, I find it interesting

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Speaker 1: my opponent says he has a good relationship with the President,

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Speaker 1: but he's yet to come campaign for him in in

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Speaker 1: Virginia's the first first president since nineteen seventy three that

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Speaker 1: that hasn't come into Virginia to campaign with his his

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Speaker 1: party's candidates. So I think they're in a state of disarray.

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Speaker 1: You know, we have a very positive message. We're unified,

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Speaker 1: We've got a great ticket, and we look forward to

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Speaker 1: a big day here in Virginia. Well within that and

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Speaker 1: within that big day is the current moment, which is

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Speaker 1: tax reform. My theme on Blueberg surveillance today. Dr north

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Speaker 1: Of has been between the middle class and the uber

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Speaker 1: wealthy within tax reform is the professional class. I believe

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Speaker 1: you're a member of it is a practice physician. Um,

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Speaker 1: how about the professional class in Virginia. What is their

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Speaker 1: outrage over tax reform and what guidance to the need

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Speaker 1: to see from the new governor of Virginia. Well, we

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Speaker 1: we obviously need a comprehensive tax reform in Virginia. We

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Speaker 1: need a code to this simpler affair that is phisically

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Speaker 1: responsible and that's especially what they will protect our triple

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Speaker 1: A bond rating. And and that's what we plan to do,

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Speaker 1: bring both Republicans named Democrats together and and have a

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Speaker 1: tax code reformed. It's it's uh best for business in Virginia.

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Speaker 1: And we really can't take a person that's like I'm

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Speaker 1: running against it says he wants to do a ten

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Speaker 1: percent tax cut for the rich on the acts that

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Speaker 1: of working class, that will take investments away from education, healthcare, transportation,

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Speaker 1: first responders. So we need someone in Virginia who is

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Speaker 1: sphysically responsible and that's what I bring through the table. Okay,

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Speaker 1: within that and this is critical litmus test here, I

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Speaker 1: mean Mr mccaulliff, Governor mccaull offf of course, with lifelong

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Speaker 1: Linton's support and National Democratic Party visibility, you're not. Are

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Speaker 1: you the wave of what the Democrats need to get

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Speaker 1: back to the center. You a number of times voted

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Speaker 1: for some of the Bush presidencies. Are you the kind

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Speaker 1: of candidate Democrats need to get used to to take

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Speaker 1: the House in two thousand and eighteen and win in

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Speaker 1: two thousand and twenty. Absolutely, You know, Virginians are are

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Speaker 1: looking for someone with fire in the valley, someone that

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Speaker 1: has experienced That's what I bring to the table. Someone

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Speaker 1: that will stand up to what's going on in Washington

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Speaker 1: right now, which has just been a presidency now that's

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Speaker 1: been a divisiveness of hatred, bigotry. You know, that's why

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Speaker 1: not that's not what this country is about. It's not

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Speaker 1: what Virginia is about. So Virginia is looking for leadership.

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Speaker 1: They're looking for civility, and they're looking for a progressive

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Speaker 1: person that will fight for for jobs, fight for education

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Speaker 1: for our children, health care for all Virginians, UH, make

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Speaker 1: sure that we live in safe communities where they're not

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Speaker 1: guns on every street boarding and someone that will bring

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Speaker 1: back the environment and keep our Aaron water clean and

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Speaker 1: that's what I bring you to day. We'll look for

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Speaker 1: the results tonight. Dr North, and thank you so much.

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Speaker 1: He's a fortieth lieutenant governor of Virginia, uh in the

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Speaker 1: governor's election today. Stay with us. This is Bloomberg joining

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Speaker 1: us now. Really pleased to bring you. Stephen Copkin. He

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Speaker 1: is who were fellow Princeton University professor of history and

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Speaker 1: is absolutely authoritative on Russia and the history the fabric

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Speaker 1: of all this. Stephen, I'm gonna start with an open question,

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Speaker 1: which is we have a president I guess gallivanting through

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Speaker 1: Asia or maybe it's Indo Asia. I can't remember what

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Speaker 1: the new phrase is. Right now, from where you sit

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Speaker 1: with your reach of history, how is the president being

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Speaker 1: greeted in Asia? You know we're all waiting to see

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Speaker 1: I think that's the excellent question. President Trump is on

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Speaker 1: an historic trip, and not only the American public, but

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Speaker 1: the publics in Asia want to see something. They want

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Speaker 1: to understand the administration. Here's the problem. The problem is

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Speaker 1: is we're very obsessed once again with Russia. Russia has

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Speaker 1: always been taking too much of American's attention when we

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Speaker 1: should be more focused on the very region that Trump

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Speaker 1: is visiting, so as he's now our in Asia in part,

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Speaker 1: Russia is dominating our news back home and is interceding

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Speaker 1: on his trip. I look again at how Mr Putin

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Speaker 1: will observe this trip, and I guess there's a domestic

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Speaker 1: news slow as well as there's this on Russia or

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Speaker 1: that on Russia. Tell us about Russia's reach into Japan,

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Speaker 1: Russia's influence on South Korea, and of course the age

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Speaker 1: old tension between Russia and China. Give us an update

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Speaker 1: on that relationship. So Russia is at a very weak point.

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Speaker 1: Right now it looks strong, but that's actually a mirage.

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Speaker 1: Russia's GDP is one fifteen the size of America's GDP.

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Speaker 1: Russia's defense budget is about one eleventh the size of

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Speaker 1: America's defense budget. Russia is only interceding in places abroad

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Speaker 1: because the Americans are not there. The fact that the

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Speaker 1: US is in some foreign policy disarray has given an

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Speaker 1: opening to President Putin that he has seized. At the

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Speaker 1: same time, Russia's reach in Asia is limited. It has

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Speaker 1: a relationship with North Korea dating back to communist times,

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Speaker 1: but its relations with Japan of stalemated. Its relations with

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Speaker 1: India are balanced, but not necessarily anything close to one alliance.

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Speaker 1: The big story is Russia and China and where that

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Speaker 1: might be going. Right, But Steve, first of all, Russia

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Speaker 1: needs to get stronger in terms of GDP if there's

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Speaker 1: going to be any headway and kind of foreign policy.

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Speaker 1: We just broke a headline from OPEC saying they see

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Speaker 1: US shale oil powering ahead after they boosted prices by

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Speaker 1: cutting production with Russia. What kind of oil level does

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Speaker 1: Russia need to balance the books? The Russia's economy is

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Speaker 1: not as dependent on oil and gas as we understand.

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Speaker 1: What's dependent on oil and gas for Russia is their

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Speaker 1: government budget. So the more US raises its own domestic

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Speaker 1: output of energy, including hydrocarbons, the more difficult it is

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Speaker 1: for Russia to balance the books and to spend money

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Speaker 1: on its military. So for American farm policy, it's very

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Speaker 1: good news the shale boom, and for Russian farm policy

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Speaker 1: it is yet another sign of trouble. Okay, do we

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Speaker 1: need to stop e We started the interview by sit

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Speaker 1: by you saying that actually we need to stop focusing

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Speaker 1: too much on Russian, focus on Asia. But can that

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Speaker 1: only happen after these probes on links between the Trump

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Speaker 1: administration and Russia are over. I hope not. I hope

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Speaker 1: it starts immediately. This is the thing about Russia. So

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Speaker 1: they stole some emails from Hillary Clinton and the Democratic

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Speaker 1: National Committee, so they tried to sew discord in the

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Speaker 1: United States. But what did they get in terms of

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Speaker 1: strategic gain from this interference? The interference must be punished.

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Speaker 1: Russia must not feel that they can do this with impunity.

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Speaker 1: But I don't think they gained anything whatsoever. Their GDP

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Speaker 1: is still stagnant, there's still a fraction of our economy.

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Speaker 1: They still cannot afford the kind of military they'd like

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Speaker 1: to see. Russia is in massive decline, and we need

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Speaker 1: to remember which one here is the superpower. Stephen Coott

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Speaker 1: can thank you. So I's too short of his it today.

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Speaker 1: We're looking forward to a longer discussion, uh in the

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Speaker 1: weeks that had Mr Cotton, of course Dr Cotton at

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Speaker 1: Princeton University and the Woodrow Wilson School as well. And

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Speaker 1: now I would suggest the most important political interview of

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Speaker 1: the day, fancy the quiet that yesterday was Secretary of

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Speaker 1: Commerce Wilbur Ross Tom Perez. It's a fascinating path out

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Speaker 1: of Buffalo and Canesus High School. UH. Mr Perez comes

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Speaker 1: from a diplomatic Dominican Republican family and his father was

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Speaker 1: a physician for years within the United States. He is

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Speaker 1: the chair of the Democratic National Committee, which is worse

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Speaker 1: than hurting cats at the Supreme Court. Tom Perez, good morning.

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Speaker 1: Let's start with the news flow. What do you need

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Speaker 1: tonight out of the election results? Well, I've feel pretty

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Speaker 1: confident about tonight. UH. We have a great candidate in

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Speaker 1: New Jersey, Phil Murphy and Sheel Oliver poised to make history.

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Speaker 1: We've got great candidates in Virginia, Ralph Northam and justin Fairfax,

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Speaker 1: and a great Attorney general candidate, Mark Carring. We've had

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Speaker 1: unprecedented UH voter engagement. We knocked on over a million doors,

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Speaker 1: twice as many as Terry mccaullof did four years ago.

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Speaker 1: And he did a great job, Terry, Terry. UH three

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Speaker 1: point seven percent unemployment there now. And what I've learned

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Speaker 1: in my UH many many travels to Virginia is that

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Speaker 1: people want a leader who's going to be continuing the

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Speaker 1: fight for good jobs. They want a leader who's gonna

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Speaker 1: fight for access to health care for all, and UH

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Speaker 1: they want uniters and Ralph Ralph Northam is a healer

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Speaker 1: and then Frankly had Gillespie's a divider. I want to

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Speaker 1: suggest Tom Perez, and this is after you replaced Donner

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Speaker 1: Brazil as head of the Democratic a ship that every

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Speaker 1: Republican's watching you and your party. Is tonight the night

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Speaker 1: where the Democrats shift from the election of two thousand

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Speaker 1: and sixteen, or does that wait for some path on

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Speaker 1: the way to two thousand and eighteen? Is this the

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Speaker 1: night where you move on from Clinton? Kane? Well, I

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Speaker 1: shifted long ago because as soon as I got in

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Speaker 1: this job, we were all about building a Democratic party

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Speaker 1: that can win elections up and down the ballot. We

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Speaker 1: changed our mission statement. We're here to elect Democrats up

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Speaker 1: and down the ticket. Okay, but can you go horizontal

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Speaker 1: and elect Democrats and Republican geographies that Mr Trump took. Well,

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Speaker 1: actually the answer to that is yes, and we And

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Speaker 1: let me give you some examples. We've had a number

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Speaker 1: of state special elections this year, and the new d

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Speaker 1: n C is about organizing, organizing, organizing, and competing in

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Speaker 1: every zip code. There were three special elections for state

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Speaker 1: legislative seats that came open in Oklahoma three and what

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Speaker 1: they all had in common is they were Trump country.

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Speaker 1: Trump won them by something like twenty points. The Democrats

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Speaker 1: swept all three elections, how because we had good candidates,

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Speaker 1: we had boots on the ground, We were organizing and

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Speaker 1: talking to people, and we lead with our values. And

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Speaker 1: in those cases the issues of education where I want

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Speaker 1: I want to go right there. I don't mean to interrupt.

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Speaker 1: I know you've got a tight schedule to Mr. Pros,

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Speaker 1: but this is too important for the nation. The values

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Speaker 1: are they new values from two thousand sixteen. And I mean,

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Speaker 1: I'm glad you mentioned Oklahoma. Maybe Bernie Sanders didn't campaign

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Speaker 1: there for you, but if you moved on from the

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Speaker 1: seventy and the eighty year olds who are from another era,

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Speaker 1: well again we're winning elections. Uh. In Oklahoma is one example.

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Speaker 1: New Hampshire we took a seat that the Republicans that

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Speaker 1: held since Florida. We just run a seat that the Republicans,

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Speaker 1: a state Senate seat that is that Republicans won by

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Speaker 1: double digits last year. We've shown that we can win

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Speaker 1: when we are organizing, when we're leading with our values,

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Speaker 1: and our values are all about making sure that We

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Speaker 1: believe that shared prosperity is what makes America great. We

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Speaker 1: believe that health care is are right for all, not

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Speaker 1: a privilege for a few, and we have to have

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Speaker 1: a we have we have people's back. That's what I've

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Speaker 1: always said. We're Phil Murphy and New Jersey. I have

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Speaker 1: your back on healthcare. I have your back on good jobs.

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Speaker 1: I have your back on uh quality public education. I

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Speaker 1: have your back on making sure that your kids have

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Speaker 1: a brighter future. And that's what we're fighting for. And

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Speaker 1: we've got to talk to people day in and day out.

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Speaker 1: We we stopped organizing everywhere. We seated too many geographic

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Speaker 1: sectors of the country, and the New d n C

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Speaker 1: is playing in every zip code and we're investing in

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Speaker 1: people and we're building those relationships. That's how you win elections,

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Speaker 1: by getting to know people, by being a good listener,

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Speaker 1: and by fielding candidates who respond to the issues that

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Speaker 1: matter most to people. Right, but Mr Paris, with all

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Speaker 1: due respect, you know from London, who's the person that

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Speaker 1: you would put to go head to head with President

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Speaker 1: Trump if there was an election tomorrow national election for

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Speaker 1: the President of the United States. Oh, we have a

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Speaker 1: number of candidates. I'm com it there will be double

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Speaker 1: digit numbers of Democrats competing. There will be there may

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Speaker 1: be mayors, governors, members of Congress and Senate. Well, I'm

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Speaker 1: not the less oh now that that if I answered

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Speaker 1: that question, I would be committing the precise mistake that

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Speaker 1: sometimes people in the past have been accused of doing.

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Speaker 1: My job is to make sure that the process to

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Speaker 1: elect the next Democrat is fair for everybody. And we

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Speaker 1: have a bumper crop of folks who are going to emerge,

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Speaker 1: I have no doubt about it. And my job is

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Speaker 1: to make sure that everybody has a fair shake. And

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Speaker 1: the mayor of Los Angeles do well in the Oklahoma

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Speaker 1: you just mentioned. He's getting a buzz right now, Mr Cassetti,

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Speaker 1: can he do well in Oklahoma? Well? Again, Uh, I

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Speaker 1: don't wanna take any one individual. Eric Arseti is someone

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Speaker 1: I know well. I have tremendous respect for. He just

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Speaker 1: brought the Olympic Games back to the United States. And uh,

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Speaker 1: the Los Angeles if it were its own country would

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Speaker 1: be something like the World and GDP. So we have

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Speaker 1: a lot of leaders at a local level. We have

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Speaker 1: a lot of leaders at a state level, Governors, some

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Speaker 1: who are recognized names, some who are not, all of

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Speaker 1: whom are remarkably talented. Same thing in the Senate. And

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Speaker 1: I want to go back to the geography you grew

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Speaker 1: up with. You grew up in Buffalo, New York. You go,

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Speaker 1: you go east of Buffalo, and I grew up in Rochester.

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Speaker 1: We're barely on speaking terms, Tom Perez. Between Rochester and

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Speaker 1: Buffalo is Trump territory. What does your candidate need to

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Speaker 1: do to engage the people that many would suggest Secretary

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Speaker 1: Clinton was unable to engage with. Do you need to

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Speaker 1: go back to Scoop Jackson democratic politics? Do you need

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Speaker 1: to go back to a calculus of Buffalo politics from

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Speaker 1: another era? Well, first of all, the mayor of Buffalo

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Speaker 1: is a Democrat. The mayor of Rochester's a Democrat, and

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Speaker 1: we're about to elect the Democrat today in Syracuse. So

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Speaker 1: we're getting the big cities in UH in western New York,

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Speaker 1: but we also have to have the suburbs and the

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Speaker 1: experts and UH and and the way we do that

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Speaker 1: is to speak to the issues that matter most of people.

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Speaker 1: People are scared to death that Donald Trump is going

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Speaker 1: to take their healthcare away. People are scared to death

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Speaker 1: that he's going to get us into a war because

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Speaker 1: his bluster is so antithetical to what we need to

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Speaker 1: do as a nation moving forward. And people want leaders

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Speaker 1: who are going to unite our country. And so when

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Speaker 1: I'm when I'm out there what we have to do

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Speaker 1: and what we in fact are doing. Again I said,

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Speaker 1: every zip code counts. We go out there and we

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Speaker 1: talk to people, but in Buffalo, and they want to

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Speaker 1: they want the right to organize the union. And Donald

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Speaker 1: Trump doesn't believe that. Mr Press Good News, Greg vill

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Speaker 1: Horizon says, you people have a chance to take the House.

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Speaker 1: Does that begin tonight in in when you line up

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Speaker 1: the ducks of the House. Do you have the candidates

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Speaker 1: in those zip codes to take the House from the

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Speaker 1: Republicans in twenty four months? Oh? Absolutely months. It's twelve

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Speaker 1: months from today. We'll be having actually lesson to all

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Speaker 1: months because I think election day is the second next

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Speaker 1: year or the third uh. And the short answer is absolutely.

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Speaker 1: You you look at the number of candidates who have

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Speaker 1: stepped up not only for um UH the U S.

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Speaker 1: House races next year. There there's there's upwards of eighty

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Speaker 1: seats that are legitimately in play because we have great

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Speaker 1: candidates who are delivering a great message. And we have

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Speaker 1: a president who is not draining the swamp. He's just

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Speaker 1: filling it with his own alligators. And they're bigger and

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Speaker 1: so uh. And we're seeing that this year. We have

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Speaker 1: tremendous candidates running for state offices in Virginia, the House

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Speaker 1: of Delegates. There remarkable people there. And in order to

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Speaker 1: make sure we are able to take back the U.

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Speaker 1: S House of Representatives, we've got to take back more

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Speaker 1: state houses. And one house that we're gonna take back

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Speaker 1: tonight is the state Senate in Washington State, where we

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Speaker 1: have a special election today. We have invested in it.

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Speaker 1: The Democrat is going to win that seat, I predict,

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Speaker 1: and then we will take over. We will control the Senate,

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Speaker 1: the House, and the governorship in Washington. Stay. We'll keep scoring.

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Speaker 1: We'll see if you can make the light sparkle as

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Speaker 1: Robert Redford did in Buffalo, New York and the Natural

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Speaker 1: a few years ago. Tam Barez from Buffalo. He is

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Speaker 1: the chair of the Democratic UH National Committee. In a

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Speaker 1: big night, I want to make clear again, folks, we

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Speaker 1: efforted many GOP candidates and experts and leaders as well,

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Speaker 1: and we'll have them on in the coming days. Thanks

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Speaker 1: to David Goldwan and our team Down and Washington for

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Speaker 1: that effort. Thanks for listening to the Bloomberg Surveillance podcast.

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Speaker 1: Subscribe and listen to interviews on Apple Podcasts, SoundCloud, or

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Speaker 1: whichever podcast platform you prefer. I'm on Twitter at Tom Keene.

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Speaker 1: David Gura is at David Gura. Before the podcast, you

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Speaker 1: can always catch us worldwide. I'm Bloomberg Radio.