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Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. Oh,

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Speaker 1: and you should have seen the whaling and names you

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Speaker 1: have teeth. What are you gonna do? We don't want

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Speaker 1: to be here until Christmas. Following MAGA is like Thelma

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Speaker 1: and Louise going over clip important things in here, like

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Speaker 1: the Ukraine Aid, like the TikTok fan, like the electoral counts,

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Speaker 1: and they never tell you the truth right. A license

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Speaker 1: to lie is called being a Congress Bloomberg Sound On Politics,

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Speaker 1: Policy and perspective from DC's top names, and how hard

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Speaker 1: this time of year can be. That's why sometimes the

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Speaker 1: smallest act of kindness it can means so much. Bloomberg

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Speaker 1: Sound On with Joe Matthew on Bloomberg Radio. They've passed

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Speaker 1: the budget, Now the exodus. Welcome to the fastest hour

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Speaker 1: in politics, as the House clears a massive government funding

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Speaker 1: package just in time for Christmas, sent over the objections

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Speaker 1: of many Republicans. Tonight we dare look inside the one

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Speaker 1: point seven trillion dollar plan with the help of our

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Speaker 1: two experts on the hill, Bloomberg Government's Emily Wilkins and

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Speaker 1: Jack Fitzpatrick with us in just a moment and as

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Speaker 1: lawmakers head for the hills. Today we look across the

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Speaker 1: divide to the next Congress with a Republican lead. House.

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Speaker 1: Jim Kessler of Third Way will join us later on

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Speaker 1: the new agenda. We'll look back on the stories that

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Speaker 1: resonated most with voters this year. Turns out they're different

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Speaker 1: for Democrats and Republicans. Will learn more from Eli Yolkley

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Speaker 1: of Morning Consults. It was the last piece of business

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Speaker 1: for the sevente Congress. Here's the Majority leader, House Majority

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Speaker 1: Leader Stenny Hoyer on the floor. We are here today

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Speaker 1: to fulfill one of Congress's most basic responsibilities, to fund

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Speaker 1: our government and keep it working for the people. And

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Speaker 1: they did the one point seven trillion dollar omnibus we've

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Speaker 1: been talking about now for days and weeks past the

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Speaker 1: House today to to oh one after the Senate passed

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Speaker 1: it yesterday, averting a government shutdown at midnight tonight. So

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Speaker 1: I feel required to say, nobody was actually threatening that,

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Speaker 1: and it didn't come that a little pain. Minority Leader

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Speaker 1: Kevin McCarthy railed against the bill for about half an

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Speaker 1: hour a day angry speech, and rank and file Republicans

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Speaker 1: took their time for the same Some leadership members did

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Speaker 1: as well. Isn't a Texas Congressman Roy chip Oh, and

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Speaker 1: you should have seen the whaling and nash you have

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Speaker 1: teeth them. Well, what are you gonna do? We don't

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Speaker 1: want to be here until Christmas? Why don't you tell

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Speaker 1: that to George Washington and the boys crossing the Delaware

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Speaker 1: in seventeen seventy six or the boys in bath Stone

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Speaker 1: in What were they doing on Christmas? Were they trying

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Speaker 1: to fly out of the nation's capital and their jets

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Speaker 1: back to their homes around their warm fireplaces so they

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Speaker 1: can be with their families after they absolutely just royally

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Speaker 1: screwed the country and their kids and grandkids, because that's

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Speaker 1: what they just did. Chip Roy, Congressman Chip Roy, easy

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Speaker 1: for me to say, forgive my dyslexia, he went, he was,

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Speaker 1: and like many of his colleagues when after the way

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Speaker 1: the entire process was handled, he was not only talking

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Speaker 1: about Democrats either. Listen, hell, we've the Senate makes us

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Speaker 1: look like William the Conqueror. They don't even bother to

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Speaker 1: do Appropriations committee work. They just scoff and sit at

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Speaker 1: their tables and go, well, we'll just do the work

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Speaker 1: for him. Yeah, thanks Mitch, Thanks Mitch, and so how

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Speaker 1: about we start there with Jack and Emily Bloomberg. Government's

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Speaker 1: Jack Fitzpatrick and Emily Wilkins. This is their specialty. This

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Speaker 1: budget stuff has them working hard, and we're lucky to

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Speaker 1: have him on this busy day. And maybe if you

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Speaker 1: guys have a minute, we can stretch out here on this, uh. Emily.

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Speaker 1: Congressman Jim mcgovernment made a point to remind House Republicans

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Speaker 1: today that as they vote no on the bill, they

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Speaker 1: will also happily then take credit for projects that were

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Speaker 1: funded in their districts with this budget. That's that's just

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Speaker 1: the way it goes, right, That is, I mean, your Republicans,

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Speaker 1: they their whole thing has been that they want to

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Speaker 1: cut spending, that they want to reduce the depsit they

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Speaker 1: are tying it to inflation. And you know, this is

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Speaker 1: exactly what we expected to see from Republicans today. We

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Speaker 1: did see a handful of Republicans actually go ahead and

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Speaker 1: vote for the omnibus. You also saw, of course, that

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Speaker 1: bipartisan support in the Senate where it's absolutely required. But

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Speaker 1: I don't think anyone was was shocked that Chip Roy

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Speaker 1: staying with of course, Kevin McCarthy at this point. Yeah,

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Speaker 1: and that's you know there. Of course, they both have

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Speaker 1: their own their own reasons here. Kevin McCarthy, you know,

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Speaker 1: was you could argue auditioning for the job. It wasn't

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Speaker 1: lost on me, Jack when when Jim McGovern went up

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Speaker 1: to the microphone at one point and said, oh, based

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Speaker 1: on what I just heard, he doesn't have the votes yet. Yeah.

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Speaker 1: You know, there was a lot of politics on the floor,

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Speaker 1: but I think everybody could kind of tell where this

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Speaker 1: was going. Uh, it was clear that generally Republicans were

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Speaker 1: going to vote against this, but they weren't gonna lose

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Speaker 1: Democratic vote. The Democrats still have the majority. Now this

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Speaker 1: can all kind of be seen through a lens of

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Speaker 1: uh McCarthy positioning himself for an eventual speaker's vote, kind

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Speaker 1: of alliging self with some conservatives, your Chip Roy types,

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Speaker 1: who are very enthusiastic about saying, look, this process that

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Speaker 1: has gone very poorly from their perspective on spending lately

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Speaker 1: has to change in our house Republican majority. So this

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Speaker 1: vote wasn't some pivotal thing where it looked like it

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Speaker 1: was going to fail, But they had to give some

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Speaker 1: speeches and get into it because they're not happy about

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Speaker 1: the way things have been going. Well, let's get into

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Speaker 1: this a little bit here. By the way, we should

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Speaker 1: note emily that a lot of these votes were done

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Speaker 1: by proxy. Right, there was almost nobody uh in the

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Speaker 1: House today. What were those numbers like, Well, there were

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Speaker 1: I think about two sixteen people who are actually in

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Speaker 1: the sixteen the chamber. Sixteen voted by proxy. Do a

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Speaker 1: eighteen is the middle line? So I think that gives

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Speaker 1: you a good idea. And I mean, let's proxy voting.

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Speaker 1: You know, they're They're kind of two sides to it, right.

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Speaker 1: There's certainly the argument that lawmakers need to be here,

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Speaker 1: that they need to do their job. On the other hand,

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Speaker 1: lawmakers knew the bill was written. They knew that they

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Speaker 1: were just pushing through what the Senate has has already

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Speaker 1: cranked out. And a lot of them, you know, they

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Speaker 1: want to be home, They want to be with their families.

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Speaker 1: They too, are frustrated with how long the process has took. Yesterday,

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Speaker 1: House Majority outgoing House Majority Leader Study Lawyer was talking

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Speaker 1: about his own frustrations with the appropriations process and the

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Speaker 1: budget process that we've seen, Uh, and next year, of

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Speaker 1: course proxy voting. Kevin McCarthy has made it clear that

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Speaker 1: is going to be absolutely eliminated, but I think it

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Speaker 1: is worth it just to sort of see how this

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Speaker 1: little experiment played out with proxy voting. I mean, yes,

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Speaker 1: you saw members, you know, missing committee hearings and then

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Speaker 1: zooming in while they were on their boats in the

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Speaker 1: middle of the water on the beautiful day. But at

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Speaker 1: the same point, you had members who this year, um,

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Speaker 1: you know, they were taking care of six loved ones,

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Speaker 1: they had cancer, they had legitimate reasons for not being

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Speaker 1: able to show up to cast a vote. And I

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Speaker 1: think it's it's you know, would be interesting to see

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Speaker 1: if Congress ever decides to take a look at how

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Speaker 1: you provide members leeway while still making sure that they

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Speaker 1: actually show up in the chamber. But that will be

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Speaker 1: over in the Republican Leadhouse Saily. Yes, yeah, that's at

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Speaker 1: least at least for an hour. Something changes, but but

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Speaker 1: that's what we can expect on on January three. Let's

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Speaker 1: get into the bill a little bit here, Jack, everyone's

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Speaker 1: been here in the top line number because it's eye popping, um.

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Speaker 1: And we've heard a lot about funding for Ukraine because

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Speaker 1: of largely the Zelenski visit this week and some some

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Speaker 1: high profile skepticism, but some of the other important components

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Speaker 1: include like the funding for the Pentagon. A ten percent

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Speaker 1: increase in defense spending. That's a lot more than President

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Speaker 1: Biden asked for. How did Mitch McConnell pull that off?

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Speaker 1: You know it? It actually started to get obvious that

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Speaker 1: Biden was going to have to sign off on way

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Speaker 1: more defense spending than he asked for. Remember, they put

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Speaker 1: together their budget proposal at the end of March, not

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Speaker 1: that long after the Russian invasion of Ukraine, and you

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Speaker 1: could tell even in June or July, Republicans would start

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Speaker 1: offering amendments and markups on the initial bills saying we

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Speaker 1: need more for the military, and Democrats were really on

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Speaker 1: the defensive, so you knew that was gonna happen. I

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Speaker 1: think the X factor the last month or so was,

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Speaker 1: you know, there's a tradition, uh that's bipartisan that gets

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Speaker 1: everybody on board that if you increase defense by x amount,

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Speaker 1: you do the same for non defense and vice versa.

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Speaker 1: Republicans wanted a bigger increase for defense than non defense.

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Speaker 1: They succeeded in in getting that. It was a bigger

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Speaker 1: boost for defense than non defense. Um. But ultimately, you

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Speaker 1: know this, this boosted discretionary spending pretty significantly year over year,

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Speaker 1: and that's how you get a deal. You get a

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Speaker 1: good increase for both sides. Defense gets Republicans on board,

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Speaker 1: non defense gets Democrats on board. Uh. And I think

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Speaker 1: largely the war in Ukraine and the amount of they

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Speaker 1: had to they had they had to send money back

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Speaker 1: to the US military that used its draw down authority

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Speaker 1: to help. You grand, that really boosted a bipartisan level

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Speaker 1: of support for more defense spending in particular. Yeah, if

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Speaker 1: that's the win for Republicans, Emily, was there something sweet

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Speaker 1: that Democrats got that that they might not have expected?

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Speaker 1: I mean, there were a couple of different things in there.

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Speaker 1: You definitely saw the Electoral Reform Act, which is something

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Speaker 1: that Democrats have been talking about for a while. Are

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Speaker 1: really trying to make it difficult for members to do

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Speaker 1: what they did on January six raising that threshold Foreign agreement. UM.

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Speaker 1: I mean I think for Democrats too, it was just

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Speaker 1: getting it passed, getting it done, uh, not carrying this

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Speaker 1: over to next year when you're going to see Republicans

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Speaker 1: control the House closing the deal. You mentioned the Electoral

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Speaker 1: College Act that had bipartisan support, right, Jack, This was

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Speaker 1: something actually that that's important that our listeners should know

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Speaker 1: about that. You know, this goes beyond the spending plan.

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Speaker 1: There were a couple of things attached to it, and

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Speaker 1: looting this one following that that last committee hearing of

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Speaker 1: the January six committee is a pretty big deal. Yeah.

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Speaker 1: The the attachments on this kind of bill we talk

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Speaker 1: about it's a government funding bill, but it's also the

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Speaker 1: last must pass piece of legislation, so that means they

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Speaker 1: attack on other important things. Uh. And you're right, the

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Speaker 1: Electoral count Act was bipartisan. That was something Susan Collins

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Speaker 1: in the Senate, the Republican was one of the people

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Speaker 1: working on to essentially set a higher threshold for challenging

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Speaker 1: presidential election results and make it clear that the vice

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Speaker 1: president's role in that is a bit of a check

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Speaker 1: the box kind of thing. That this this was to

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Speaker 1: avoid a twenty January six kind of issue. Um. And

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Speaker 1: in addition to that, they added some other uh, non appropriations,

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Speaker 1: non funding measures. There's the thing that U bands, once

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Speaker 1: it is assigned into law, will ban federal employees from

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Speaker 1: having TikTok on a government owned account. There were some

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Speaker 1: measures to increase requirements uh for workplaces to make a

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Speaker 1: comidations for pregnant employees and breastfeeding employees that were added

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Speaker 1: on late. So this you know this they didn't get

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Speaker 1: their tax measures. They wanted to get a big tax bill.

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Speaker 1: They didn't quite get that. There are other things that

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Speaker 1: fell off. There was no covid uh supplemental funding. But

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Speaker 1: it's it's a big legislative vehicle. And and those are

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Speaker 1: a few of the other things that they kind of

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Speaker 1: tack on that the ornaments that they put on the

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Speaker 1: Christians tree, all of those were got bipartisan votes, right,

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Speaker 1: or they wouldn't have happened to electoral account Act of

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Speaker 1: TikTok band uh. If you and and and some of

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Speaker 1: the others that you know, for for protecting pregnant women

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Speaker 1: in the workplace, uh, you have to to admit that

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Speaker 1: there there was This was a bipartisan exercise, despite a

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Speaker 1: lot of the very passionate objections we heard from some

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Speaker 1: House Republicans to the Emily, Yes, I mean this is

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Speaker 1: something that you know Democrats they that they have worked

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Speaker 1: a while for on this um. They have you know,

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Speaker 1: looked into a number of things. I mean, I think

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Speaker 1: if if I can also just sort of say that

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Speaker 1: really for Democrats, I mean, it caps off what has

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Speaker 1: been a pretty productive hundred seventeenth Congress. I mean, just

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Speaker 1: just to pointing out that, you know, you could do

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Speaker 1: consider the bills that they passed. Do you consider things

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Speaker 1: they got done? I think yeah, you know that that overall,

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Speaker 1: like they were able to get, you know what, much

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Speaker 1: more done than I think we were expecting them to

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Speaker 1: with the very near margins they had. You guys can

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Speaker 1: both keep TikTok on your phones just to be clear,

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Speaker 1: right when you're walking on the halls of like maybe

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Speaker 1: you can show that to the lawmakers if they need

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Speaker 1: to know. I'm not on TikTok yet, I Joe, I

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Speaker 1: need you to teach me how to get TikTok. You're

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Speaker 1: asking the wrong dude. We can learn this together, though, Jack.

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Speaker 1: The two old appropriators who you've covered very closely, Senator

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Speaker 1: Patrick Lahy Richard Shelby are leaving the building. They both

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Speaker 1: played a pretty big role in making this work. Is

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Speaker 1: it gonna be more difficult without them? Um? You know,

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Speaker 1: this was a good way for them to cross the

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Speaker 1: finish line. I don't know if it's necessarily going to

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Speaker 1: be more difficult without them. It's going to be more

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Speaker 1: difficult to do basic legislating and fund the government with

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Speaker 1: a divided Congress and a narrow Republican majority in the House.

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Speaker 1: But you know they're looking at the people in line

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Speaker 1: are Patty Murray and Susan Collins to be the top

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Speaker 1: appropriators in the Senate. Those are two well established lawmakers

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Speaker 1: who have a lot of experience doing appropriate nations work.

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Speaker 1: Patty Murray was one worked with Paul Ryan on the

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Speaker 1: budget deals like ten years ago. Um, there's a lot

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Speaker 1: of trust and faith there that it would be notable

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Speaker 1: that the the the four corners, as they say, the

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Speaker 1: four top appropriations member those two Rosadelaaro and k Granger

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Speaker 1: would all be women for the first time. Um, so

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Speaker 1: there's there's some lawmakers are kind of looking forward to

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Speaker 1: working with them. But this was a nice way to

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Speaker 1: cross the finish line for Shelby and Leahy, who themselves

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Speaker 1: have a good solid legislative record and it didn't want

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Speaker 1: to see this fall apart in their last go around. Yeah,

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Speaker 1: that's right. Both delivered very touching Uh, farewell addresses, and

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Speaker 1: I'm sure we'll be remembered only by both sides of

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Speaker 1: the aisle. I mean they've they're part of the woodwork

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Speaker 1: up there. Uh, not a mention of Batman that I

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Speaker 1: was that I heard, at least in Lady's farewell addressed.

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Speaker 1: But it's on the leadership battles now, Emily. And this

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Speaker 1: is what's gonna keep keeping you up at night in

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Speaker 1: the new year. On January three, this is when we

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Speaker 1: find out how difficult life is really going to be

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Speaker 1: for Kevin McCarthy, how is this going to work? So basically,

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Speaker 1: it's the very first thing that the House does before

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Speaker 1: they approve any sort of rules, is they get in

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Speaker 1: there and they elect a speaker. And people say that

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Speaker 1: to eight team is the magic number. That's pretty much right.

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Speaker 1: McCarthy nearly needs to get all of his members either

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Speaker 1: in line or if he can't get them to vote

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Speaker 1: for him, he needs to get them to vote present.

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Speaker 1: That's also another thing to keep an eye on because

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Speaker 1: that does impact the tally. But at this point, look,

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Speaker 1: there are five Republicans who have come out said they

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Speaker 1: will not support McCarthy, they will not vote present. They

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Speaker 1: are going to be supporting Andy Biggs or another member,

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Speaker 1: and that poses a problem for McCart because he he

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Speaker 1: needs at least one of them to be able to to,

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Speaker 1: you know, agree to be on board. And they five

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Speaker 1: have said that there's more than them, that they are

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Speaker 1: members who haven't announced yet. And I think at this

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Speaker 1: point from the perspective of those members, from your Andi

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Speaker 1: Biggses and your Bob Goods, there's no reason for them

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Speaker 1: to say that they will vote for McCarthy until the

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Speaker 1: second that they do it, because they are trying to

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Speaker 1: get concessions in the House rules, things that will give

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Speaker 1: them more power to operate in the next two years.

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Speaker 1: And I think they're those negotiations are ongoing right now.

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Speaker 1: They are still trying to figure out exactly what the

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Speaker 1: House rules will be for next year and how that

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Speaker 1: balance of power will work. And so at this point,

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Speaker 1: I think they're all kind of in this we're all

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Speaker 1: in a bit of a holding pattern, trying to see

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Speaker 1: what these House rules are going to be. Uh. And

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Speaker 1: of course, there there's always the chance that come January three,

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Speaker 1: if McCarthy doesn't get it on the first or sepe

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Speaker 1: of ballot, that they might look to potentially make some

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Speaker 1: rules that that makes it easier for him to be

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Speaker 1: able to become speaker and and could make it easier, uh,

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Speaker 1: for Kevin McCarthy to be fired. Right, Isn't this kind

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Speaker 1: of what they're asking for here? Is this rules changed, Jack,

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Speaker 1: that would make it easier easier for one member to

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Speaker 1: challenge the speakership. Yes, that is something that has been discussed. Uh.

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Speaker 1: My understanding that they're still having some pretty broad, odd

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Speaker 1: and a variety of discussions on rules. The issue you're

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Speaker 1: talking about is something I've heard brought up UM. But

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Speaker 1: to be honest, when I've talked to members and tried

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Speaker 1: to get them to say, all right, what's your list

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Speaker 1: of demands? Uh, it sounds like they're still having pretty

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Speaker 1: broad discussions about that, about UM spending rules to cut

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Speaker 1: down on spending and more. Jack Fitzpatrick, Emily Wilkins, Happy

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Speaker 1: New Year. Will meet you back here for the rumble

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Speaker 1: in the House. This is Bloomberg. This is Bloomberg so

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Speaker 1: on with Joe Matthew on blue Bird Radio. So it's

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Speaker 1: just us locals left here inside the bubble, give park

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Speaker 1: wherever you want, goats eight at whatever restaurant. Members of

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Speaker 1: Congress are on the way to Grandma's house here, Chris

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Speaker 1: crossing the nation on airplanes as we speak, course many

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Speaker 1: we're already home, having voted today by proxy about half

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Speaker 1: of them, as we learned from Emily Wilkins. But the

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Speaker 1: next time we get the business on Capitol Hill January three, again,

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Speaker 1: it's going to be the start of a new Congress

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Speaker 1: with a Republican lead House. We're just not sure exactly

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Speaker 1: who the speaker is going to be. But everyone is

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Speaker 1: still asking the same question, will they get anything done,

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Speaker 1: or at least what will they try to get done?

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Speaker 1: Senator Chuck Schumer was asked this in his year end

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Speaker 1: news briefing with reporters listen following, Maga is like Thelma

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Speaker 1: and Louise going over Cliff, and that's what we saw

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Speaker 1: in the election. And I intend to reach out both

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Speaker 1: on in the Senate and even in the House to

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Speaker 1: some of the more mainstream republic Kins and say let's

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Speaker 1: work together. There are a whole lot of issues we

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Speaker 1: can work together on. I'm not gonna you'll ask me

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Speaker 1: which ones I'm not going to delineate, but I believe

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Speaker 1: this these two years, the next two years, we had

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Speaker 1: a huge We have a huge um uh uh, two

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Speaker 1: years to follow. I think it's gonna be a lot

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Speaker 1: more productive than people think, and not just on appointments

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Speaker 1: and judges and things that we in the Senate can

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Speaker 1: do on our own. As to the debt ceiling, it's

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Speaker 1: got to be done in a bipartisan way. It always

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Speaker 1: is a party that tries to hold up the government

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Speaker 1: and demand something in return is going to lose. Well,

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Speaker 1: it certainly sounds hopeful, but as the Majority leader just suggested,

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Speaker 1: not everyone sees it that way. I'm curious to hear

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Speaker 1: from Jim Kessler, who knows Senator Chuck Schumer as well

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Speaker 1: as anyone, co founder of a Third Way Democratic strategist

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Speaker 1: and former legislative policy director for Senator Schumer. He's going

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Speaker 1: to be in the majority, of course, Jim, welcome back.

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Speaker 1: It's great to have you. But you're gonna have a

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Speaker 1: Republican lead house. How much will that grind things to

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Speaker 1: a halt? Yeah, I mean this is gonna be a

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Speaker 1: very interesting couple of two years. And I heard Schumer

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Speaker 1: saying just what he said on the radio before, like

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Speaker 1: he really believes this. Look, the variable is the Republican House,

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Speaker 1: because what we're witnessing right now is the fracturing of

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Speaker 1: the GOP before our very eyes, and it's playing out

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Speaker 1: in the drama about whether McCarthy is going to be

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Speaker 1: speaker or not. And look, I'm not so sure he'd

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Speaker 1: become speaker here, and if he does, he'll be extraordinarily weak,

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Speaker 1: but the weakest speaker of our lifetime. So that's going

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Speaker 1: to weigh into the possibilities of whether stuff gets done

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Speaker 1: or does not get done. Well, does that give Chuck

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Speaker 1: Schumer the upper hand or a reason for Kevin McCarthy

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Speaker 1: to not cooperate? Well, I think you're going to see

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Speaker 1: two things happen. One that's that we'll all see, which is,

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Speaker 1: you know Democrats, you know Republicans, even with a weak

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Speaker 1: speaker of the House, they're going to be doing investigations

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Speaker 1: of Hunter Biden and trying to show that the January

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Speaker 1: six riots were really Nancy Pelosi's fault, not Donald Trump. Underneath,

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Speaker 1: you're going to see a lot of bipartisan efforts behind

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Speaker 1: closed doors. That gets the blessing of Schumer, gets the

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Speaker 1: blessing of Hakim Jeffrey's possibly McConnell on some of these,

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Speaker 1: But the situation with McCarthy's he could lose his speakership

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Speaker 1: if he has it at any moment, so he will

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Speaker 1: be treading very lightly. I expect the first year of

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Speaker 1: the new Congress to be very ugly and the second

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Speaker 1: year possibly very productive. How much does a presidential campaign,

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Speaker 1: whether it's Biden, Trump or something else, impact action on

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Speaker 1: Capitol Hill or at least the political mood the climate

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Speaker 1: there will impacted on certain things in which the party

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Speaker 1: of a party feels that if something gets done, it

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Speaker 1: will it could change the direction of the race. So,

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Speaker 1: for example, something really needs to get don on immigration,

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Speaker 1: but Republicans really feel that if the border is in chaos,

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Speaker 1: it gives them an advantage. So while there have been

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Speaker 1: efforts to get something done, Republicans have walked out every

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Speaker 1: single time. So you know, that might be a higher

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Speaker 1: bar than some other things that could get done well.

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Speaker 1: So let's have a real talk for a minute. Then.

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Speaker 1: Is there a list of of realities that Chuck Schumer

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Speaker 1: has in his pocket or are we going to hear

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Speaker 1: some familiar ideas like an expanded child tax credit, for instance,

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Speaker 1: or maybe the Safe Banking Act comes back around, or

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Speaker 1: what he seems to be working on a more sort

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Speaker 1: of equitable approach to cannabis legalization. These don't sound like

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Speaker 1: things Republicans want to play with, right, And you have

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Speaker 1: to remember that we're coming off of a Congress that

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Speaker 1: was extraordinarily productive, one of the most productives of the

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Speaker 1: last several decades. So a lot has already gotten done.

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Speaker 1: But there are certain things that Republicans want, and really

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Speaker 1: some Democrats want to. There's research and development tax spreadit there.

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Speaker 1: There are priorities out there. There's a there's gonna be

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Speaker 1: a debt ceiling vote, and you know, no one wants

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Speaker 1: brinkmanship on the debt ceiling. There will be brinksmanship on

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Speaker 1: the debt ceiling. So there's potential that that that would

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Speaker 1: be a vehicle. And people are already talking about a

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Speaker 1: government shutdown in September, for mind the one that we

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Speaker 1: just averted today. Right. I mean, look, we should not

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Speaker 1: be playing with the debt ceiling whatsoever. This should get done.

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Speaker 1: It should get done on the bipartisan basis. But I

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Speaker 1: want to have a reality check out there. Republicans have

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Speaker 1: gone to the you know, nth degree, to the very

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Speaker 1: final second and beyond on the dead ceiling, and Kevin

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Speaker 1: McCarthy's house is going to do it again. I mean

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Speaker 1: it could be Steven Scalesa's house too. Well, that's true.

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Speaker 1: We're talking with Jim Kessler on Bloomberg Sound on how

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Speaker 1: about permitting reform? Jim, will Joe Manchin have the same

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Speaker 1: juice in this new Congress? Well, I hope permitting reform

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Speaker 1: gets It's something that a lot of Republicans and Democrats

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Speaker 1: agree upon. There's potential there. Joe Manin is really working

430
00:23:07,520 --> 00:23:10,560
Speaker 1: on it. You know, this was a promise Chuck Schumer

431
00:23:10,600 --> 00:23:14,760
Speaker 1: mad and he tried to keep that promise. Republicans tanked it. Well,

432
00:23:14,800 --> 00:23:18,600
Speaker 1: this get caught up in politics. It's very possible. But

433
00:23:19,080 --> 00:23:23,080
Speaker 1: you know what we saw this Congress is deals got done,

434
00:23:23,640 --> 00:23:27,639
Speaker 1: and you know, I think there's a possibility on permitting reform.

435
00:23:27,840 --> 00:23:30,680
Speaker 1: Senator Schumer has been giving kirston Cinema pretty wide birth

436
00:23:30,720 --> 00:23:34,480
Speaker 1: since she announced her decision h to to leave their

437
00:23:34,480 --> 00:23:38,880
Speaker 1: Democratic Party and and being independent but also sort of

438
00:23:38,920 --> 00:23:42,480
Speaker 1: tacitly work with the Democratic Caucus. I'm not sure it's

439
00:23:42,480 --> 00:23:45,200
Speaker 1: even been defined yet, Jim, what's that going to look

440
00:23:45,240 --> 00:23:50,639
Speaker 1: like next year? What we just saw kirston Cinema cut

441
00:23:50,680 --> 00:23:56,400
Speaker 1: an immigration deal with fellow Democrat John Tester to save

442
00:23:56,480 --> 00:24:01,640
Speaker 1: the Omnibus bill. You know, kirston Cinema lover her her

443
00:24:01,880 --> 00:24:06,040
Speaker 1: or hater, Democrat or independent. She has been involved in

444
00:24:06,119 --> 00:24:09,320
Speaker 1: nearly every major piece of legislation that has passed in

445
00:24:09,359 --> 00:24:12,760
Speaker 1: the last two years, particularly the bipartisan pieces of legislation.

446
00:24:12,960 --> 00:24:15,119
Speaker 1: I think she's going to be in on deals, not

447
00:24:15,359 --> 00:24:17,960
Speaker 1: out of deals, in the next two years, in on

448
00:24:18,080 --> 00:24:23,880
Speaker 1: deals and help to the Democratic leadership. Yes, how about

449
00:24:23,920 --> 00:24:27,880
Speaker 1: Joe Mansion then? Does that does this sort of reframe

450
00:24:28,000 --> 00:24:30,760
Speaker 1: his position and his level of influence in the Senate

451
00:24:30,840 --> 00:24:33,040
Speaker 1: or is it much the same if she's not going

452
00:24:33,040 --> 00:24:38,560
Speaker 1: to be a Democrat? I think um so. On a

453
00:24:38,640 --> 00:24:41,800
Speaker 1: lot of things. She acts like a Democrat. She she

454
00:24:42,200 --> 00:24:44,600
Speaker 1: is the fifty first vote, the way Angus King, who

455
00:24:44,680 --> 00:24:49,320
Speaker 1: is also independent from Maine, is you know, as an independent,

456
00:24:49,359 --> 00:24:53,880
Speaker 1: but behaves in most places like a Democrat. I think

457
00:24:53,920 --> 00:24:57,720
Speaker 1: Joe Mansion is relieved that he's not the fiftieth vote there,

458
00:24:58,080 --> 00:25:00,560
Speaker 1: and it gives democrats some lee white p actually on

459
00:25:00,680 --> 00:25:03,560
Speaker 1: things like judges and appointments where you don't need to

460
00:25:03,560 --> 00:25:06,600
Speaker 1: get fifty of fifty, you can get fifty of fifty one.

461
00:25:07,000 --> 00:25:08,840
Speaker 1: You know, we talked a lot about whether Senator Schumer

462
00:25:08,880 --> 00:25:11,639
Speaker 1: can get along with a potential speaker, Kevin McCarthy. What

463
00:25:11,760 --> 00:25:14,640
Speaker 1: is Mitch McConnell's relationship going to be like if McCarthy

464
00:25:14,680 --> 00:25:20,720
Speaker 1: has the gabble, Well, Mitch McCarthy, Mitch McConnell and Kevin

465
00:25:20,760 --> 00:25:24,560
Speaker 1: McCarthy don't really have a great relationship right now. And

466
00:25:25,240 --> 00:25:30,000
Speaker 1: you know he McCarthy uses McConnell as a foil um,

467
00:25:30,080 --> 00:25:33,920
Speaker 1: just like Trump uses McConnell as a foil And what

468
00:25:33,960 --> 00:25:35,960
Speaker 1: you're going to be seen in the next two years

469
00:25:36,640 --> 00:25:40,280
Speaker 1: is the fracturing of the Republican Party play out in

470
00:25:40,320 --> 00:25:43,600
Speaker 1: a nomination process that I still believe Donald Trump will

471
00:25:43,600 --> 00:25:49,960
Speaker 1: win and I in you know, fights, proxy fights that

472
00:25:50,000 --> 00:25:51,800
Speaker 1: are going to go on in the House and the Senate.

473
00:25:51,840 --> 00:25:56,159
Speaker 1: And and so McCarthy has to stand up to McConnell,

474
00:25:56,480 --> 00:26:00,679
Speaker 1: which is a weird thing for to do to to

475
00:26:00,880 --> 00:26:04,080
Speaker 1: hold on to his leadership position if he gets that

476
00:26:04,200 --> 00:26:08,760
Speaker 1: speakership goal in his relationship with Donald Trump isn't helping,

477
00:26:08,840 --> 00:26:13,560
Speaker 1: is it. Well, the McConnell relationship with Donald Trump is

478
00:26:13,560 --> 00:26:18,640
Speaker 1: is awful, thankfully, and the McCarthy relationship with Donald Trump

479
00:26:18,800 --> 00:26:26,440
Speaker 1: is obsequious. Woit. We're in for some very interesting months here, Jim,

480
00:26:26,480 --> 00:26:28,399
Speaker 1: is Joe Biden going to announce a run for president

481
00:26:28,440 --> 00:26:31,840
Speaker 1: next month? I don't know if it's next month, but

482
00:26:31,920 --> 00:26:34,119
Speaker 1: I think by March she will announce that he's running

483
00:26:34,119 --> 00:26:37,160
Speaker 1: for president. So he's in, and you see Trump as

484
00:26:37,160 --> 00:26:41,320
Speaker 1: the nominee. We're doing this over again. It's scary movie too.

485
00:26:41,400 --> 00:26:44,240
Speaker 1: It's the sequel, okay, And this is the one thing

486
00:26:44,480 --> 00:26:48,560
Speaker 1: that you know about horror movie sequels. The villain never

487
00:26:48,640 --> 00:26:52,160
Speaker 1: dies until the last scene of the last sequel, which

488
00:26:52,160 --> 00:26:55,480
Speaker 1: hopefully will be soon. God right, that hand is coming

489
00:26:55,480 --> 00:26:58,720
Speaker 1: out of the water. Jim, thank you. I'm really glad

490
00:26:58,800 --> 00:27:00,800
Speaker 1: you could join us tonight. I know there's it's a

491
00:27:00,840 --> 00:27:02,879
Speaker 1: busy time and everyone's trying to get to their families

492
00:27:02,880 --> 00:27:04,960
Speaker 1: and so forth. But thanks for all your insights this year,

493
00:27:05,000 --> 00:27:08,520
Speaker 1: and we do look forward to talking with you in God,

494
00:27:08,520 --> 00:27:09,880
Speaker 1: I'm not to get used to say in that Happy

495
00:27:09,920 --> 00:27:12,800
Speaker 1: New Year. Jim Kessler, co founder Third Way and former

496
00:27:13,240 --> 00:27:16,760
Speaker 1: legislative policy director for Senator Schumer, who's in a pretty

497
00:27:16,800 --> 00:27:20,840
Speaker 1: good mood because he makes his way back to New York.

498
00:27:23,400 --> 00:27:28,840
Speaker 1: This is Bloomberg So Long with Joe Matthew on Bloomberg Radio.

499
00:27:31,000 --> 00:27:34,040
Speaker 1: It's always fascinating to see what bubbles to the top

500
00:27:34,840 --> 00:27:37,800
Speaker 1: in our splintered media world. Since so many people get

501
00:27:37,840 --> 00:27:40,880
Speaker 1: their news in so many places, not everyone's lucky enough

502
00:27:40,920 --> 00:27:44,359
Speaker 1: to have a terminal, and in a year like we

503
00:27:44,480 --> 00:27:47,679
Speaker 1: just had, it's useful to look back on what drove

504
00:27:47,800 --> 00:27:50,800
Speaker 1: people's view of the country and the world, particularly in

505
00:27:50,840 --> 00:27:54,280
Speaker 1: an election year. What was it that was defining the

506
00:27:54,320 --> 00:27:58,120
Speaker 1: world around them. Morning Consult has been doing this research

507
00:27:58,160 --> 00:28:00,600
Speaker 1: now for several years, an annual study, building a huge

508
00:28:00,600 --> 00:28:03,120
Speaker 1: amount of data so far on the stories that, as

509
00:28:03,119 --> 00:28:06,080
Speaker 1: they say, we're seeing read and heard by American voters.

510
00:28:06,720 --> 00:28:09,800
Speaker 1: And we're joined by Eli Yoakley, senior reporter at Morning Consult,

511
00:28:09,840 --> 00:28:13,159
Speaker 1: with more on this. Eli, welcome back to Bloomberg. Hey anytime,

512
00:28:13,480 --> 00:28:15,920
Speaker 1: all this and you as well. Your headline this year

513
00:28:16,000 --> 00:28:19,960
Speaker 1: mid terms, Mara Lago, malaise, the news that broke through

514
00:28:20,080 --> 00:28:23,359
Speaker 1: in two But the fact is, Eli, mid terms in

515
00:28:23,440 --> 00:28:26,320
Speaker 1: Mara Lago didn't actually even rank in the top five

516
00:28:26,359 --> 00:28:30,320
Speaker 1: most salient news events by your ranking. The baby formula

517
00:28:30,400 --> 00:28:32,240
Speaker 1: shortage was even higher on the list. What do you

518
00:28:32,240 --> 00:28:35,040
Speaker 1: make of that? It's been quite a year. There's been

519
00:28:35,040 --> 00:28:37,640
Speaker 1: a lot on Americans. You know, this is the fifth

520
00:28:37,720 --> 00:28:40,280
Speaker 1: year we've done this project we call Seeing Red Heard.

521
00:28:40,280 --> 00:28:42,560
Speaker 1: We based it on hundreds of surveys we conduct throughout

522
00:28:42,560 --> 00:28:45,640
Speaker 1: the year, eaching public openion on a range of issues.

523
00:28:45,640 --> 00:28:47,560
Speaker 1: And you know, we do do these surveys to ask

524
00:28:47,640 --> 00:28:50,600
Speaker 1: about what's happening with President Biden or what Congress is

525
00:28:50,640 --> 00:28:52,680
Speaker 1: doing and how voters feel matter. But a big part

526
00:28:52,680 --> 00:28:55,760
Speaker 1: of that is understanding, well, what's actually breaking through the

527
00:28:55,760 --> 00:28:59,520
Speaker 1: American people. And so this year, um, we were watching

528
00:28:59,520 --> 00:29:02,520
Speaker 1: the mid term if we're watching everything happening with legislative

529
00:29:02,560 --> 00:29:06,800
Speaker 1: action on Capitol Hill. But one thing that been true

530
00:29:06,800 --> 00:29:08,560
Speaker 1: for the last five years of this project, as the

531
00:29:08,600 --> 00:29:11,320
Speaker 1: events of the of the moment stand out. I mean,

532
00:29:11,320 --> 00:29:14,000
Speaker 1: this year, the biggest news event in its time was

533
00:29:14,080 --> 00:29:16,920
Speaker 1: the shooting in the Bald, Texas of Mi Elementary School,

534
00:29:16,960 --> 00:29:18,960
Speaker 1: and that was followed by the fall of Roe v.

535
00:29:19,160 --> 00:29:21,400
Speaker 1: Wade and then the death of the Queen. You know,

536
00:29:21,440 --> 00:29:24,160
Speaker 1: all these stories that make the top three. Less Hurricane

537
00:29:24,200 --> 00:29:26,960
Speaker 1: ends up there too, as well as the Russian invasion

538
00:29:26,960 --> 00:29:30,000
Speaker 1: of of Ukraine. All these stories in the top list

539
00:29:30,480 --> 00:29:33,400
Speaker 1: are like made for TV moments, and we remember wall

540
00:29:33,480 --> 00:29:36,480
Speaker 1: to wall coverage earlier this year of the Russian invasion

541
00:29:37,160 --> 00:29:39,920
Speaker 1: of the two weeks of coverage or more of the

542
00:29:40,040 --> 00:29:42,960
Speaker 1: of the queen's death. Um, the one that stands out

543
00:29:42,960 --> 00:29:44,520
Speaker 1: in terms of how we think about the mid terms

544
00:29:44,560 --> 00:29:47,520
Speaker 1: is probably Row and this was a decisive moment in

545
00:29:47,560 --> 00:29:49,280
Speaker 1: the minds of the married people. Was a fifty year

546
00:29:49,360 --> 00:29:53,200
Speaker 1: precedent change. It had big weight in terms of just

547
00:29:53,280 --> 00:29:55,520
Speaker 1: news value, but then it also weighed on a lot

548
00:29:55,600 --> 00:29:59,000
Speaker 1: of voters and understanding. Talking to you from Kansas City

549
00:29:59,080 --> 00:30:02,280
Speaker 1: right now over in Overland Park, Kansas is sort of

550
00:30:02,320 --> 00:30:04,840
Speaker 1: the heart of the abortion debate this year. That's where

551
00:30:04,840 --> 00:30:09,520
Speaker 1: we saw a lot of people respond pretty discerally in

552
00:30:09,800 --> 00:30:14,200
Speaker 1: quite a red state and voting to put the abortion

553
00:30:14,360 --> 00:30:17,960
Speaker 1: rights in the constitution in cases. Um, that was that

554
00:30:18,000 --> 00:30:19,760
Speaker 1: was a big bullet for the American people. That stood

555
00:30:19,760 --> 00:30:21,880
Speaker 1: out in a pretty big way at the moment. Row

556
00:30:22,040 --> 00:30:25,880
Speaker 1: falls as a story is number two behind the Uvaldi

557
00:30:25,920 --> 00:30:29,959
Speaker 1: shooting on on this list. Voters and your your words,

558
00:30:29,960 --> 00:30:33,000
Speaker 1: saw read or heard a lot about it, and one

559
00:30:33,040 --> 00:30:36,120
Speaker 1: could argue eli that it was the overriding issue in

560
00:30:36,160 --> 00:30:39,720
Speaker 1: the midterm elections. So maybe there's some cross over there. Yeah,

561
00:30:39,720 --> 00:30:42,560
Speaker 1: for sure. I mean, you know, I remember having a

562
00:30:42,600 --> 00:30:44,600
Speaker 1: lot of conversations and people this year about how the

563
00:30:44,600 --> 00:30:47,560
Speaker 1: economy weigh on the American gable when it came to

564
00:30:47,560 --> 00:30:51,360
Speaker 1: their votes this year, and clearly it did. But in Washington,

565
00:30:51,400 --> 00:30:54,680
Speaker 1: it was all the wall coverage. Um, you know, all

566
00:30:54,680 --> 00:30:56,840
Speaker 1: the all the political folks, we're talking about the latest

567
00:30:56,880 --> 00:31:00,240
Speaker 1: inflation report, and those just weren't working through the American

568
00:31:00,320 --> 00:31:02,280
Speaker 1: people in the way that they were to you know,

569
00:31:02,800 --> 00:31:06,000
Speaker 1: policy elites who watched these things very closely. I think

570
00:31:06,040 --> 00:31:08,320
Speaker 1: folks knew their gas prices were rising. I think that

571
00:31:08,360 --> 00:31:11,000
Speaker 1: was pretty obvious as they drive next to the store

572
00:31:11,040 --> 00:31:12,479
Speaker 1: or on their way to work in the mornings. But

573
00:31:13,080 --> 00:31:15,840
Speaker 1: these these piecemeal moments did not break through the big way.

574
00:31:16,120 --> 00:31:17,760
Speaker 1: One thing that did say that to us was the

575
00:31:17,800 --> 00:31:21,160
Speaker 1: fact that, you know, they did break through the Republicans

576
00:31:21,800 --> 00:31:24,400
Speaker 1: bigger when they did the Democrats. Um. It was the

577
00:31:24,440 --> 00:31:27,720
Speaker 1: same with some of the stories about immigration numbers. Order. Um,

578
00:31:27,760 --> 00:31:30,680
Speaker 1: you know, Republicans generally hear less about the mainstream news

579
00:31:30,680 --> 00:31:33,360
Speaker 1: stories that we're thinking about, but they did hear more

580
00:31:33,360 --> 00:31:36,280
Speaker 1: than Democrats about some of these economic numbers. On the

581
00:31:36,320 --> 00:31:38,720
Speaker 1: other side of that, you know a lot of Democrats

582
00:31:38,800 --> 00:31:40,880
Speaker 1: were more likely to hear about some of the negative

583
00:31:41,200 --> 00:31:45,240
Speaker 1: Trump stories. So clearly, I think the American people consistently

584
00:31:45,240 --> 00:31:48,680
Speaker 1: in our tracking of this stuff. Uh, news bubbles do exist,

585
00:31:49,120 --> 00:31:50,800
Speaker 1: and it's something that I think on how they think

586
00:31:50,840 --> 00:31:54,080
Speaker 1: about what's happening in Washington. The campaign season itself was

587
00:31:54,160 --> 00:31:59,040
Speaker 1: ranked eighth here behind Mara Lago, even though you can't

588
00:31:59,040 --> 00:32:01,280
Speaker 1: really have the campaign without the role ruling. I guess

589
00:32:01,320 --> 00:32:05,080
Speaker 1: that's also to a certain extent, comes down to semantics. Yeah,

590
00:32:05,160 --> 00:32:07,320
Speaker 1: for sure. You know, the thing that stuff got to

591
00:32:07,360 --> 00:32:10,760
Speaker 1: me about the Morrow Lago raid um was the fact

592
00:32:10,840 --> 00:32:14,040
Speaker 1: that that was a had about the same level of

593
00:32:14,200 --> 00:32:19,200
Speaker 1: salience among Democrats and Republicans and independence for that matter.

594
00:32:19,560 --> 00:32:23,240
Speaker 1: That wasn't the divisive issue in terms of how voters

595
00:32:23,400 --> 00:32:27,080
Speaker 1: said that they consumed it um. And on one side

596
00:32:27,080 --> 00:32:30,239
Speaker 1: of that, I remember watching the Democratic enthusiasm where they

597
00:32:30,240 --> 00:32:33,040
Speaker 1: were thinking about the mad term elections increased, But so

598
00:32:33,200 --> 00:32:35,400
Speaker 1: did Republicans. I mean, Republicans are not afraid to talk

599
00:32:35,440 --> 00:32:38,320
Speaker 1: about the Morrow of the Raid. It was the framing

600
00:32:38,360 --> 00:32:40,360
Speaker 1: of it. If you remember that it was a you know,

601
00:32:40,400 --> 00:32:43,200
Speaker 1: it was this it was this bad investigations, political investigation

602
00:32:43,320 --> 00:32:45,920
Speaker 1: gone broke, and it broke through to a lot of Republicans,

603
00:32:46,000 --> 00:32:49,240
Speaker 1: and I think it's something that definitely energized I remember correctly,

604
00:32:49,280 --> 00:32:51,960
Speaker 1: Donald Truck got some of his best numbers of the

605
00:32:52,040 --> 00:32:55,560
Speaker 1: year after that, right about Republicans voters, and so some

606
00:32:55,600 --> 00:32:57,680
Speaker 1: of this is even about about framing as much as

607
00:32:57,680 --> 00:32:59,520
Speaker 1: it is about aware that we're talking with Eli Yoakley,

608
00:32:59,560 --> 00:33:02,440
Speaker 1: Senior Quarter at Morning consult about their annual ranking. Here

609
00:33:02,480 --> 00:33:06,960
Speaker 1: of the stories the news that broke through in if

610
00:33:06,960 --> 00:33:09,320
Speaker 1: you go to Morning Consules website and check out the

611
00:33:09,360 --> 00:33:12,960
Speaker 1: scene red herd presentation here on the main page, and

612
00:33:12,960 --> 00:33:16,200
Speaker 1: you'll see Eli Oakley's name, they're sharing the byline with

613
00:33:16,280 --> 00:33:22,520
Speaker 1: Cameron easily. You can actually filter these stories by party. Democrat,

614
00:33:22,680 --> 00:33:26,920
Speaker 1: all voters, Republican are the three choices here, and some

615
00:33:27,000 --> 00:33:30,080
Speaker 1: of these might surprise you to your point, Eli, In

616
00:33:30,120 --> 00:33:33,680
Speaker 1: some cases it's across the board level of interest, almost

617
00:33:33,760 --> 00:33:37,840
Speaker 1: no difference. In other cases, based on your political beliefs,

618
00:33:38,720 --> 00:33:43,200
Speaker 1: you notice a story more than someone else. I mean,

619
00:33:44,240 --> 00:33:46,360
Speaker 1: I think one of the more like funny moments in

620
00:33:46,360 --> 00:33:49,280
Speaker 1: this in this analysis was we were going through the

621
00:33:50,120 --> 00:33:54,320
Speaker 1: divides between where Republicans heard more about something that Democrats did,

622
00:33:54,600 --> 00:33:56,000
Speaker 1: and it reminded me of a story that I had

623
00:33:56,040 --> 00:33:59,200
Speaker 1: totally forgotten about it that was back in January. Would

624
00:33:59,720 --> 00:34:02,040
Speaker 1: Joe item was kind of a hot mike using an

625
00:34:02,080 --> 00:34:04,360
Speaker 1: expletive or a sort of introduced you have Fox News,

626
00:34:04,960 --> 00:34:07,320
Speaker 1: Republicans were almost twice as likely to hear about that.

627
00:34:07,400 --> 00:34:09,840
Speaker 1: Forty one percent of Republican voters said they heard a

628
00:34:09,880 --> 00:34:13,960
Speaker 1: lot about Joe Biden's offhand comment about a Fox News reporter.

629
00:34:14,200 --> 00:34:16,359
Speaker 1: I think that tells you a lot about um where

630
00:34:16,440 --> 00:34:19,840
Speaker 1: some of these folks service. I'm watching Fox News that

631
00:34:20,320 --> 00:34:22,920
Speaker 1: they it was like the queen had died in January

632
00:34:23,160 --> 00:34:25,040
Speaker 1: in terms of how that was, how that was covered,

633
00:34:25,640 --> 00:34:27,120
Speaker 1: they gave a lot of attention to that. I think

634
00:34:27,120 --> 00:34:28,680
Speaker 1: that I think that's a pretty clean picture of it.

635
00:34:28,920 --> 00:34:31,480
Speaker 1: That's really incredible stuff. That's why this is becoming more

636
00:34:31,560 --> 00:34:33,600
Speaker 1: valuable each year you do it. The more data, the

637
00:34:33,640 --> 00:34:37,360
Speaker 1: more interesting the takeaways. Here, Eli, thanks for joining us

638
00:34:37,480 --> 00:34:40,839
Speaker 1: again this year. I'm just gonna throw out there presidential

639
00:34:40,920 --> 00:34:45,879
Speaker 1: campaign top story next year, I would imagine it's gonna

640
00:34:45,920 --> 00:34:49,680
Speaker 1: be this is a long campaign, Donald Trump, Donald Trusts

641
00:34:50,160 --> 00:34:52,279
Speaker 1: all ready to go, and he's winning. He's winning right now,

642
00:34:52,400 --> 00:34:55,000
Speaker 1: He's still winning. Whatever it is, it will probably include

643
00:34:55,040 --> 00:34:58,960
Speaker 1: his name. Eli Yoakley, Senior reporter at Morning Consult, Happy Holidays,

644
00:34:59,000 --> 00:35:03,040
Speaker 1: Happy New Year, come back and see us. There were

645
00:35:03,080 --> 00:35:05,560
Speaker 1: several others that we didn't mention on the list. By

646
00:35:05,600 --> 00:35:08,919
Speaker 1: the way, you Valdi as we mention was the number

647
00:35:08,960 --> 00:35:14,520
Speaker 1: one story. Seventy of voters saw read or heard a

648
00:35:14,600 --> 00:35:17,560
Speaker 1: lot about it. But there were two other shootings on

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00:35:17,719 --> 00:35:20,520
Speaker 1: this top fifteen list that they put out here. Buffalo

650
00:35:21,160 --> 00:35:24,399
Speaker 1: and Highland Park are both right around the fifty mark.

651
00:35:24,600 --> 00:35:28,960
Speaker 1: Three shootings, three mass shootings in one year. Here that

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00:35:29,080 --> 00:35:31,040
Speaker 1: makes the list. I'll tell you what though, for better

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00:35:31,200 --> 00:35:35,160
Speaker 1: or worse, ranking just above the Buffalo shooting, the death

654
00:35:35,280 --> 00:35:40,640
Speaker 1: of Bob Saggett fifty right there, Democrats and Republicans. It

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00:35:40,760 --> 00:35:45,600
Speaker 1: puts the world in perspective when you dig through this data.

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Speaker 1: I've got a special Christmas message for you on the

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00:35:49,719 --> 00:35:53,319
Speaker 1: way on. What is my final sound on of two.

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00:35:53,360 --> 00:36:00,800
Speaker 1: I'm Joe Matthew. This is Bloomberg. This is Bloomberg with

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00:36:01,080 --> 00:36:07,000
Speaker 1: Joe Matthew on Bloomberg Radio. Bloomberg Sound On is brought

660
00:36:07,000 --> 00:36:10,520
Speaker 1: to you by Innovation Refunds. That small business is impacted

661
00:36:10,520 --> 00:36:13,640
Speaker 1: by the COVID nineteenth pandemic may qualify for the Employee

662
00:36:13,719 --> 00:36:17,759
Speaker 1: Retention Credit. Let Innovation Refunds. Do the work fight out now.

663
00:36:17,920 --> 00:36:21,040
Speaker 1: If your organization qualifies for e r C assistance. They've

664
00:36:21,080 --> 00:36:24,360
Speaker 1: already helped businesses claim over two billion dollars in payroll

665
00:36:24,400 --> 00:36:28,200
Speaker 1: tax refunds. Learn more at get refunds dot com. I'm Joe,

666
00:36:28,280 --> 00:36:31,400
Speaker 1: Matthew and Washington. Welcome to the final moments of sound

667
00:36:31,520 --> 00:36:33,640
Speaker 1: on here at the threshold of the weekend. We're gonna

668
00:36:33,640 --> 00:36:36,520
Speaker 1: be unpacking everything that happened this past week for some time. Huh.

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00:36:37,760 --> 00:36:40,279
Speaker 1: I mean it was really something. The final hearing of

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00:36:40,320 --> 00:36:42,960
Speaker 1: the January six Committee, the referral of criminal charges of

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00:36:43,040 --> 00:36:47,640
Speaker 1: Donald Trump. We had the surprise visit of Voladimir Zelenski.

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00:36:47,719 --> 00:36:50,600
Speaker 1: His meeting with the President. Has addressed to Congress the

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00:36:50,760 --> 00:36:53,640
Speaker 1: big budget, from the deal in the Senate to final

674
00:36:53,719 --> 00:36:56,640
Speaker 1: passage in the House, the end of the hundred seventeen Congress,

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00:36:57,719 --> 00:37:01,319
Speaker 1: all that in the last five days. It's a good

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00:37:01,360 --> 00:37:03,920
Speaker 1: reason to drop the knives here, step away from the politics,

677
00:37:03,960 --> 00:37:05,320
Speaker 1: and reflect on a year that we're going to be

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00:37:05,360 --> 00:37:07,839
Speaker 1: feeling the impact of for some time. That's what I'll

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00:37:07,840 --> 00:37:11,200
Speaker 1: be doing this weekend to close out a very challenging

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00:37:11,280 --> 00:37:14,680
Speaker 1: year for a lot of people. President Biden spoke about

681
00:37:14,719 --> 00:37:18,200
Speaker 1: the light of the season in a Christmas address from

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00:37:18,200 --> 00:37:24,600
Speaker 1: the White House you know, and I believe Christmas as

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00:37:24,640 --> 00:37:27,440
Speaker 1: a season of hope, and throughout the life of this

684
00:37:27,560 --> 00:37:31,000
Speaker 1: country has been during the weeks of December, even in

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00:37:31,040 --> 00:37:33,040
Speaker 1: the midst of some of our toughest days, that some

686
00:37:33,200 --> 00:37:35,760
Speaker 1: of the best chapters of our story have been written.

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00:37:36,480 --> 00:37:40,280
Speaker 1: It was during these weeks and back into at President

688
00:37:40,360 --> 00:37:43,880
Speaker 1: Lincoln prepared the Emancipation Proclamation, which he issued on New

689
00:37:43,960 --> 00:37:49,480
Speaker 1: Year's Day. At Christmas, and the week out weeks after,

690
00:37:49,560 --> 00:37:53,320
Speaker 1: Pearl Harbor, Franklin Down and Roseld hosted Winston Churchill in

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00:37:53,360 --> 00:37:57,080
Speaker 1: this White House. Together they planned the Allies strategy to

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00:37:57,160 --> 00:38:02,319
Speaker 1: defeat fascism and autocracy. And it was that the most

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00:38:02,440 --> 00:38:05,919
Speaker 1: terrible year of years, the year of assassination and ride

694
00:38:05,960 --> 00:38:09,200
Speaker 1: of war and chaos. At the astronauts of Apollo eight

695
00:38:09,600 --> 00:38:12,239
Speaker 1: circle the moon and spoke to us here on Earth

696
00:38:13,040 --> 00:38:16,080
Speaker 1: from the silence of space on a silent night on

697
00:38:16,200 --> 00:38:19,720
Speaker 1: a Christmas Eve, they read the story of Christmas Creation

698
00:38:19,960 --> 00:38:23,840
Speaker 1: from the King James Bible. In the beginning, God c

699
00:38:24,800 --> 00:38:28,440
Speaker 1: then and the earth and the earth with about form

700
00:38:28,960 --> 00:38:32,440
Speaker 1: and void, and darted with upon the bin of Adam,

701
00:38:33,680 --> 00:38:35,840
Speaker 1: and then the bearing of God and monk, upon the

702
00:38:35,920 --> 00:38:40,440
Speaker 1: pain of the water, and God mad let there be light,

703
00:38:41,200 --> 00:38:44,200
Speaker 1: and they all was light, and God all the light

704
00:38:45,160 --> 00:38:49,560
Speaker 1: they could divided, the light from the Doctor. That light

705
00:38:49,719 --> 00:38:53,040
Speaker 1: still with us, illuminating the way forward as Americans and

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00:38:53,120 --> 00:38:56,200
Speaker 1: the scissors of the world, A light that burned in

707
00:38:56,280 --> 00:39:00,279
Speaker 1: the beginning, and at Bethlett, the light that shines still

708
00:39:00,480 --> 00:39:05,120
Speaker 1: today in our own time, our own lives as we sing,

709
00:39:05,200 --> 00:39:09,040
Speaker 1: Oh Holy Night. His law is love and as Gospel

710
00:39:09,080 --> 00:39:15,440
Speaker 1: as peace. I wish you and for you and foreign

711
00:39:15,560 --> 00:39:19,320
Speaker 1: nation now and always is that we will live in

712
00:39:19,400 --> 00:39:22,640
Speaker 1: the light, the light of liberty and hope, of love,

713
00:39:22,719 --> 00:39:26,880
Speaker 1: and generosity, of kindness and compassion, of dignity and decency.

714
00:39:27,920 --> 00:39:32,399
Speaker 1: So from the Biden family, wish you and your family peace, joy,

715
00:39:33,000 --> 00:39:38,920
Speaker 1: health and happiness. Merry Christmas, happy Holidays, and all the

716
00:39:39,000 --> 00:39:50,680
Speaker 1: best of the year. That's more like it. With apologies

717
00:39:50,760 --> 00:39:54,840
Speaker 1: to Argyle. Merry Christmas, everybody. It's almost time to queue up,

718
00:39:54,920 --> 00:39:57,080
Speaker 1: die hard and curl up with the family here. Merry

719
00:39:57,120 --> 00:40:00,600
Speaker 1: Christmas and happy Hontkats to our producers. Christy in Viata

720
00:40:00,680 --> 00:40:04,920
Speaker 1: and Matt Shirley are technicians. Justin Miller, Sebastian Escobar and Sarah,

721
00:40:06,800 --> 00:40:10,839
Speaker 1: and be good to each other. I'll see you back

722
00:40:10,880 --> 00:40:13,439
Speaker 1: here in a week, Happy New Year, back in twenty three.

723
00:40:13,480 --> 00:40:19,920
Speaker 1: I'm Joe Matthew. This is Bloomberg, twelve o'clock at so

724
00:40:20,120 --> 00:40:22,200
Speaker 1: I turned my head and singing, and the man going

725
00:40:23,480 --> 00:40:25,880
Speaker 1: better back down on the loss. I picked the wallet

726
00:40:25,920 --> 00:40:28,400
Speaker 1: and then I took a point down the listening to

727
00:40:28,480 --> 00:40:31,480
Speaker 1: co sett Santa Claus a million dollars in the call,

728
00:40:31,600 --> 00:40:35,120
Speaker 1: run into Jee. I know the back to call, but

729
00:40:35,280 --> 00:40:38,160
Speaker 1: I never feel the st right to tell of going

730
00:40:38,280 --> 00:40:40,279
Speaker 1: on the matter back to him that night. But when

731
00:40:40,320 --> 00:40:44,000
Speaker 1: I got hold, come on the tree from Santa and

732
00:40:44,239 --> 00:40:44,279
Speaker 1: do