1 00:00:00,360 --> 00:00:03,279 Speaker 1: Live from our nation's cabral All Talk here in Washington, 2 00:00:03,360 --> 00:00:07,480 Speaker 1: d C. Turns to President elect Joe Biden's administration. Historically speaking, 3 00:00:07,480 --> 00:00:09,879 Speaker 1: the markets have performed better when there is divided government. 4 00:00:10,039 --> 00:00:13,360 Speaker 1: The biggest pressure for physical stimulus is an off taking 5 00:00:13,440 --> 00:00:18,360 Speaker 1: cases Bloomberg Sound on the insiders, the influencers, the inside. 6 00:00:18,600 --> 00:00:21,680 Speaker 1: Biden has promised again and again to he will unite 7 00:00:21,720 --> 00:00:25,119 Speaker 1: the country's state government's control elections AFT in the Constitution. 8 00:00:25,280 --> 00:00:29,320 Speaker 1: I think that we can expect a smooth, thoughtful, methodical transition. 9 00:00:29,560 --> 00:00:34,080 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 10 00:00:35,360 --> 00:00:37,920 Speaker 1: and one oh five point seven f m h D two. 11 00:00:39,800 --> 00:00:43,320 Speaker 1: I'm grass sitting in for Kevin. So really, President Trump 12 00:00:43,360 --> 00:00:48,080 Speaker 1: makes an extraordinary attempt to overturn Michigan's popular vote. President 13 00:00:48,159 --> 00:00:50,880 Speaker 1: Like Biden's team is working behind the scenes to try 14 00:00:50,880 --> 00:00:54,320 Speaker 1: to get Trump's allies to end the transition log jam. 15 00:00:54,480 --> 00:00:57,840 Speaker 1: Georgia's Secretary of State will certify Biden's win in that 16 00:00:58,000 --> 00:01:01,840 Speaker 1: state today and the first sign in weeks of possible 17 00:01:01,920 --> 00:01:06,520 Speaker 1: movement on stimulus. Well, President Trump is making an astonishing 18 00:01:06,560 --> 00:01:09,720 Speaker 1: attempt to reverse Joe Biden's victory in the battleground state 19 00:01:09,720 --> 00:01:13,200 Speaker 1: of Michigan overrule the voters and subvert the results of 20 00:01:14,000 --> 00:01:17,760 Speaker 1: presidential election. The president is apparently trying to get Michigan 21 00:01:17,800 --> 00:01:21,880 Speaker 1: Republican legislators to ignore the popular vote, which Biden want, 22 00:01:21,959 --> 00:01:24,600 Speaker 1: and pick a slate of electors whoill award Trump the 23 00:01:24,640 --> 00:01:28,600 Speaker 1: state's electoral college votes. Joining me is Laurence Lessig, a 24 00:01:28,600 --> 00:01:31,240 Speaker 1: professor of law and leadership at Harvard Law School and 25 00:01:31,360 --> 00:01:35,880 Speaker 1: founder of Equal Citizens. Well, no state legislature has ever 26 00:01:35,920 --> 00:01:38,760 Speaker 1: attempted this so far, So I guess that says a lot. 27 00:01:38,840 --> 00:01:44,240 Speaker 1: What does the Constitution say that's led to this theory, Well, 28 00:01:44,240 --> 00:01:48,560 Speaker 1: the Constitution gives state legislatures the power to control how 29 00:01:48,560 --> 00:01:54,200 Speaker 1: electors are appointed, and many people, starting with the Chief 30 00:01:54,240 --> 00:01:57,440 Speaker 1: Justice Renquist, I, thought that what that means is the 31 00:01:57,560 --> 00:02:00,600 Speaker 1: legislatures have a kind of superpower that they can override 32 00:02:01,080 --> 00:02:05,920 Speaker 1: any other constraint and act whenever they want. So that 33 00:02:06,120 --> 00:02:09,680 Speaker 1: extreme view is even after an election, they should have 34 00:02:09,720 --> 00:02:12,440 Speaker 1: the power to pick a slate of electors that fits 35 00:02:12,480 --> 00:02:14,960 Speaker 1: with their view about who should get the votes from 36 00:02:15,000 --> 00:02:20,840 Speaker 1: their state. Is that correct interpretation of the Constitution or 37 00:02:20,919 --> 00:02:25,960 Speaker 1: the Supreme Court's recent rulings. So it's not, and it's 38 00:02:26,120 --> 00:02:28,360 Speaker 1: it's not for two very different reasons. So the first 39 00:02:28,400 --> 00:02:33,480 Speaker 1: reason is the Constitution does give state legislatures special power 40 00:02:33,639 --> 00:02:36,960 Speaker 1: over selecting the manner by which electors will be appointed. 41 00:02:37,520 --> 00:02:40,440 Speaker 1: But it also gives Congress the power to say when 42 00:02:40,480 --> 00:02:44,080 Speaker 1: the electors have to be appointed, and Congress has said 43 00:02:44,120 --> 00:02:47,280 Speaker 1: when the electors have to be appointed that is election day. 44 00:02:47,400 --> 00:02:50,320 Speaker 1: So there's no ability under federal law for a state 45 00:02:50,440 --> 00:02:54,120 Speaker 1: to pick electors after election day, which is what which 46 00:02:54,160 --> 00:02:57,080 Speaker 1: is what would happen if the president is successful in 47 00:02:57,280 --> 00:02:59,800 Speaker 1: for example, Michigan. So that's point number one. Point number two. 48 00:03:00,320 --> 00:03:02,799 Speaker 1: The Supreme Court in the case I actually argued in 49 00:03:02,840 --> 00:03:07,520 Speaker 1: the spring about whether electors were free to vote their conscience. 50 00:03:07,919 --> 00:03:11,280 Speaker 1: Supreme Court said, look, whatever the framers originally thought about 51 00:03:11,360 --> 00:03:14,800 Speaker 1: whether electors have discretion or not, democracy has overtaken it, 52 00:03:15,440 --> 00:03:19,160 Speaker 1: and today electors are constrained by what the people say. So, 53 00:03:19,280 --> 00:03:21,960 Speaker 1: you know, if electors are constrained to do what the 54 00:03:21,960 --> 00:03:26,560 Speaker 1: people say, then so too must state legislatures be constrained 55 00:03:26,639 --> 00:03:29,520 Speaker 1: to do what the people say. If the Framer's design 56 00:03:29,760 --> 00:03:33,000 Speaker 1: of creating a system to select the president not dependent 57 00:03:33,120 --> 00:03:37,280 Speaker 1: on somebody like state legislatures is to be preserved, so 58 00:03:37,560 --> 00:03:41,800 Speaker 1: then despite all that, is it possible that, let's say 59 00:03:41,800 --> 00:03:46,120 Speaker 1: the Michigan state legislators, President Trump is meeting with some 60 00:03:46,200 --> 00:03:49,200 Speaker 1: of them today, they say that they're going to do 61 00:03:49,280 --> 00:03:53,200 Speaker 1: this anyway, they try to do it anyway. Is that possible? 62 00:03:54,440 --> 00:03:57,160 Speaker 1: That's what's so scary here. You know, you can get 63 00:03:57,240 --> 00:03:59,160 Speaker 1: lawyers on who will tell you what the law is, 64 00:03:59,360 --> 00:04:01,880 Speaker 1: and I out you'll find any credible lawyer who would 65 00:04:01,880 --> 00:04:03,920 Speaker 1: say the law is different from how I've described it. 66 00:04:03,960 --> 00:04:06,800 Speaker 1: But this will not be decided by a court. This 67 00:04:06,840 --> 00:04:10,040 Speaker 1: will be decided by Congress. And so the question is 68 00:04:10,080 --> 00:04:15,320 Speaker 1: really if on January six, the day that UM Congress 69 00:04:15,400 --> 00:04:18,960 Speaker 1: will meet in a joint session, the Vice President opens 70 00:04:19,040 --> 00:04:22,800 Speaker 1: up the slates of electors, the certificates of the votes 71 00:04:22,800 --> 00:04:25,560 Speaker 1: of the electors. If he finds more than once late 72 00:04:25,680 --> 00:04:29,120 Speaker 1: for any state, Congress has to decide which late it's 73 00:04:29,160 --> 00:04:33,080 Speaker 1: going to count. Now, the law says and constrains how 74 00:04:33,160 --> 00:04:35,720 Speaker 1: these slates are to be counted UM, and you know 75 00:04:35,760 --> 00:04:39,280 Speaker 1: Michigan in particular, as a democratic governor. The law says, 76 00:04:39,320 --> 00:04:41,839 Speaker 1: if there's two slates from one state, then you take 77 00:04:41,839 --> 00:04:43,840 Speaker 1: the slate that's been signed by the governor. So that 78 00:04:43,880 --> 00:04:47,160 Speaker 1: would be the Joe Biden slate, But still you require 79 00:04:47,200 --> 00:04:50,560 Speaker 1: Congress to follow the law, and we could easily imagine, 80 00:04:50,640 --> 00:04:53,320 Speaker 1: given the kind of craziness that's going on right now, 81 00:04:53,440 --> 00:04:57,960 Speaker 1: that Congress, the Senate, um Vice President would think it 82 00:04:58,000 --> 00:05:00,760 Speaker 1: more important to follow their politics other than the law. 83 00:05:00,960 --> 00:05:03,400 Speaker 1: And if they do that, it's not quite clear what 84 00:05:03,480 --> 00:05:08,280 Speaker 1: could stop them. That is very scary. Now let's talk 85 00:05:08,320 --> 00:05:11,960 Speaker 1: a little bit more about Michigan, because the Republicans in Michigan, 86 00:05:12,000 --> 00:05:13,960 Speaker 1: even the ones who have been who are traveling to 87 00:05:14,000 --> 00:05:16,960 Speaker 1: the White House today, keep saying that there's no way, 88 00:05:17,000 --> 00:05:19,719 Speaker 1: there's no way in Michigan law that they could do that. 89 00:05:20,560 --> 00:05:23,880 Speaker 1: And the same thing was suggested in Pennsylvania. Are there 90 00:05:23,920 --> 00:05:28,240 Speaker 1: any other states where you know the Republicans are President 91 00:05:28,240 --> 00:05:33,080 Speaker 1: Trump might target in order to try this, Well, they're 92 00:05:33,080 --> 00:05:37,080 Speaker 1: basically five states that are in Joe Biden's column that 93 00:05:37,160 --> 00:05:40,919 Speaker 1: have Republican legislatures. Two of them have Republican governors, So 94 00:05:41,000 --> 00:05:46,840 Speaker 1: Arizona and Georgia have Republican governors and Republican legislatures, but Wisconsin, Michigan, 95 00:05:46,920 --> 00:05:52,039 Speaker 1: and Pennsylvania have Republican legislatures but democratic governors. So the 96 00:05:52,120 --> 00:05:56,240 Speaker 1: real states that the president should be targeting first are 97 00:05:56,279 --> 00:05:59,920 Speaker 1: the states where there's a Republican governor because of the 98 00:06:00,000 --> 00:06:05,040 Speaker 1: republican governor signed a Republican slate. Um, despite even despite 99 00:06:05,080 --> 00:06:06,760 Speaker 1: the argument I just gave you about why they can't 100 00:06:06,760 --> 00:06:08,640 Speaker 1: appoint in the late right now, you could see them 101 00:06:08,640 --> 00:06:12,359 Speaker 1: sliding by more easily then if the governor has signed 102 00:06:12,839 --> 00:06:15,360 Speaker 1: a slate that is not the Republican slate. But I'm 103 00:06:15,360 --> 00:06:17,280 Speaker 1: sure what's going to happen is that the President is 104 00:06:17,320 --> 00:06:20,080 Speaker 1: going to bring them into the Oval office. There'll be 105 00:06:20,120 --> 00:06:22,800 Speaker 1: some fancy lawyer from the Justice Department who sits there, 106 00:06:23,200 --> 00:06:26,440 Speaker 1: and that lawyer explains to them this theory, the superpower 107 00:06:26,520 --> 00:06:30,000 Speaker 1: theory about the legislatures, and they say, you're right under 108 00:06:30,040 --> 00:06:33,480 Speaker 1: Michigan law. Um, nothing tells you you can do this. 109 00:06:33,839 --> 00:06:36,920 Speaker 1: But the Supreme Court has said that state law does 110 00:06:36,960 --> 00:06:40,839 Speaker 1: not constrain the legislature. Um. You know, for example, Colorado 111 00:06:40,880 --> 00:06:43,960 Speaker 1: has a law that says the constitution says that the 112 00:06:44,080 --> 00:06:48,520 Speaker 1: electors are appointed by I vote. But the Supreme Court 113 00:06:48,520 --> 00:06:51,400 Speaker 1: has been very clear that even the state constitution can't 114 00:06:51,480 --> 00:06:55,640 Speaker 1: constrain how the legislature decides to allocate its the electors. 115 00:06:55,640 --> 00:06:59,360 Speaker 1: So at least before an election, the state of Colorado, 116 00:06:59,400 --> 00:07:03,080 Speaker 1: the legislature could say we're going to pick the lectures directly. So, 117 00:07:03,080 --> 00:07:04,919 Speaker 1: so this is the theory they're going to try to 118 00:07:05,000 --> 00:07:09,880 Speaker 1: pitch to the to the Michigan Republicans and the Pennsylvania Republicans, 119 00:07:09,880 --> 00:07:12,120 Speaker 1: and I'm sure every one of those five states, the 120 00:07:12,200 --> 00:07:15,080 Speaker 1: legislatures in each of those five states, and des by 121 00:07:15,120 --> 00:07:16,920 Speaker 1: so many of us have been working as hard as 122 00:07:16,960 --> 00:07:20,080 Speaker 1: we can to blow up the idea that this theory 123 00:07:20,480 --> 00:07:24,080 Speaker 1: has any basis in law. It's just pure power. It's 124 00:07:24,160 --> 00:07:27,320 Speaker 1: just a pure power move by people who can't accept 125 00:07:27,320 --> 00:07:30,760 Speaker 1: the fact that not only did they lose the popular vote, 126 00:07:30,800 --> 00:07:34,600 Speaker 1: they also lost the electoral college vote. You mentioned who 127 00:07:34,720 --> 00:07:37,280 Speaker 1: might be in the room when the president meets with 128 00:07:37,400 --> 00:07:42,520 Speaker 1: the Michigan Republican legislators, and Rudy Giuliani was actually supposed 129 00:07:42,560 --> 00:07:45,119 Speaker 1: to be the one in the room, and we've heard 130 00:07:45,160 --> 00:07:49,840 Speaker 1: a lot of strange interpretations of the law from him lately, 131 00:07:50,560 --> 00:07:55,440 Speaker 1: and yesterday he even said that the fact that two 132 00:07:55,720 --> 00:07:59,440 Speaker 1: of the people who were certifying the vote in Michigan 133 00:08:00,120 --> 00:08:02,600 Speaker 1: from the Detroit area, the fact that they had sort 134 00:08:02,640 --> 00:08:06,000 Speaker 1: of tried to take it back, meant that that vote 135 00:08:06,040 --> 00:08:11,400 Speaker 1: was subverted. Is that just planing, correct? Yeah? That's incorrect. 136 00:08:11,440 --> 00:08:15,400 Speaker 1: I mean, the ultimate question of whether Michigan's results get 137 00:08:15,440 --> 00:08:19,000 Speaker 1: certified is a function of Michigan law. But even if 138 00:08:19,000 --> 00:08:23,280 Speaker 1: they're not certified, if you've got electors selected from the 139 00:08:23,320 --> 00:08:28,640 Speaker 1: Democratic slate in Michigan signed by the Democratic governor, Congress 140 00:08:28,680 --> 00:08:30,680 Speaker 1: is still free to count them, even if they've not 141 00:08:30,760 --> 00:08:35,360 Speaker 1: been certified. So the certification earns them what's called a 142 00:08:35,440 --> 00:08:39,800 Speaker 1: safe harbor status, which means that presumptively Congress promises that 143 00:08:39,880 --> 00:08:43,560 Speaker 1: only if both houses vote against accepting the slate, they 144 00:08:43,600 --> 00:08:47,360 Speaker 1: will accept the slate um. But the argument that, you know, 145 00:08:47,440 --> 00:08:50,440 Speaker 1: the claim that because you don't get certified, the electors 146 00:08:50,480 --> 00:08:53,000 Speaker 1: don't count, is just just a mistake. It's it's certainly 147 00:08:53,000 --> 00:08:57,280 Speaker 1: not true. So can we breathe easier on I believe 148 00:08:57,320 --> 00:09:05,319 Speaker 1: it's December? When when the Yeah, so it's on December fourteenth. 149 00:09:05,400 --> 00:09:09,360 Speaker 1: They will vote um and and even if they are 150 00:09:09,360 --> 00:09:13,640 Speaker 1: alternative slates, both slates have to gather and vote UM 151 00:09:13,720 --> 00:09:16,440 Speaker 1: and so on that day we will know how many 152 00:09:16,480 --> 00:09:19,480 Speaker 1: slates of electors have actually voted, and will be in 153 00:09:19,520 --> 00:09:23,840 Speaker 1: a lot of anxiety for the next three weeks. If 154 00:09:24,000 --> 00:09:29,160 Speaker 1: in these critical states like Pennsylvania or Michigan, Um, we 155 00:09:29,320 --> 00:09:32,280 Speaker 1: see more than one slate of electors casting their votes, 156 00:09:32,800 --> 00:09:37,480 Speaker 1: because they're at least then capable of being counted, um, 157 00:09:37,520 --> 00:09:39,839 Speaker 1: depending on what Congress does. But if on the four 158 00:09:39,880 --> 00:09:41,800 Speaker 1: teenth you only see one slate from each of those 159 00:09:41,840 --> 00:09:46,360 Speaker 1: states that's voting, then I think we're almost in the clear. 160 00:09:46,480 --> 00:09:48,680 Speaker 1: There are still games that could be played, but be 161 00:09:48,800 --> 00:09:52,200 Speaker 1: very very hard to play. Well. Um, I guess we 162 00:09:52,240 --> 00:09:55,600 Speaker 1: have to watch each state as each state certifies then 163 00:09:55,679 --> 00:09:58,400 Speaker 1: and then we breathe a sigh of relief later on 164 00:10:00,080 --> 00:10:03,600 Speaker 1: each state. Five. But the real question is on the 165 00:10:03,720 --> 00:10:06,960 Speaker 1: day that the electors are to vote December four teens, 166 00:10:07,800 --> 00:10:10,880 Speaker 1: do more than one slate of electors from any state 167 00:10:11,040 --> 00:10:15,640 Speaker 1: gather to vote? And if only one slate votes and 168 00:10:15,679 --> 00:10:18,000 Speaker 1: that state has been certified, those are the votes that 169 00:10:18,040 --> 00:10:22,199 Speaker 1: will be counted. I can think that. But if more 170 00:10:22,240 --> 00:10:25,520 Speaker 1: than one slate gets together, you know, and it doesn't 171 00:10:25,559 --> 00:10:27,040 Speaker 1: even have to be approved by anyway, they can just 172 00:10:27,120 --> 00:10:29,520 Speaker 1: gather and say we're the Republican slate from Pennsylvania and 173 00:10:29,600 --> 00:10:31,320 Speaker 1: we're gonna all right, we have to let it go there. 174 00:10:31,600 --> 00:10:33,719 Speaker 1: I won't be sleeping for a while, Thank you so much, 175 00:10:33,800 --> 00:10:37,760 Speaker 1: professor that, Professor Lawrence Lessing of Harvard Law School. Coming up, 176 00:10:37,800 --> 00:10:42,720 Speaker 1: we're gonna be talking about Biden an anti trust You're 177 00:10:42,800 --> 00:10:46,640 Speaker 1: listening to Bloomberg Sound On with Kevin Surley on Bloomberg 178 00:10:47,760 --> 00:10:50,040 Speaker 1: and one oh five point seven m h D two. 179 00:10:51,640 --> 00:10:55,679 Speaker 1: I'm Drew Grasso sitting in for Kevin Surreally, Google, Facebook 180 00:10:55,720 --> 00:10:59,120 Speaker 1: another tech giants are likely to continue to confront dangers 181 00:10:59,160 --> 00:11:03,319 Speaker 1: to their dominant positions and diversification efforts given Joe Biden's election. 182 00:11:03,840 --> 00:11:06,080 Speaker 1: But how much will that be mitigated by the fact 183 00:11:06,120 --> 00:11:08,640 Speaker 1: that the Democrats so far have failed to gain a 184 00:11:08,760 --> 00:11:12,360 Speaker 1: majority in the Congress. Joining me is Jennifer Ray, Bloomberg 185 00:11:12,400 --> 00:11:17,440 Speaker 1: Intelligence Senior litigation analyst. So, Jen, what does Biden meet 186 00:11:17,720 --> 00:11:21,079 Speaker 1: when mean without the blue wave that comes with it, 187 00:11:22,400 --> 00:11:25,360 Speaker 1: you know, I think it means for for enforcement, the 188 00:11:25,440 --> 00:11:27,959 Speaker 1: activity that goes on at the Federal Trade Commission in 189 00:11:28,000 --> 00:11:32,359 Speaker 1: the Department of Justice with respect to anti trust investigations, lawsuits, 190 00:11:32,520 --> 00:11:36,520 Speaker 1: verger review. I think that that that will become more vigorous. 191 00:11:36,760 --> 00:11:40,000 Speaker 1: I think it actually has been fairly vigorous during the 192 00:11:40,040 --> 00:11:42,760 Speaker 1: Trump administration, and I think we should just expect that 193 00:11:42,880 --> 00:11:46,640 Speaker 1: to continue and continue to see these big tech platforms 194 00:11:46,720 --> 00:11:50,240 Speaker 1: getting investigated. The continuation of the Department of Justice as 195 00:11:50,320 --> 00:11:54,280 Speaker 1: lawsuit against Google. If the FTC suits Google in December, 196 00:11:54,400 --> 00:11:57,079 Speaker 1: as has been rumored, you know, a continuation of that 197 00:11:57,240 --> 00:12:01,240 Speaker 1: suit as well, and maybe other suits UM. And I 198 00:12:01,320 --> 00:12:03,480 Speaker 1: think that there could be more cooperation with some of 199 00:12:03,559 --> 00:12:06,480 Speaker 1: the states with those suits as well, because you have 200 00:12:06,600 --> 00:12:09,560 Speaker 1: a lot of Democratic state attorneys general that have been 201 00:12:09,600 --> 00:12:12,440 Speaker 1: doing their own investigation and are also talking about bringing 202 00:12:12,480 --> 00:12:15,800 Speaker 1: a suit. So to the extent that there's some cooperation 203 00:12:16,160 --> 00:12:19,520 Speaker 1: or work done to consolidate those matters, it may be 204 00:12:19,640 --> 00:12:23,400 Speaker 1: more likely to happen. With respect to legislation. I think 205 00:12:23,480 --> 00:12:26,640 Speaker 1: that's where the lack of the blue wave that some 206 00:12:26,840 --> 00:12:30,720 Speaker 1: thought might happen in this election UM impacts what goes 207 00:12:30,800 --> 00:12:34,240 Speaker 1: on in the antitrust world, because there really is UM. 208 00:12:35,040 --> 00:12:38,640 Speaker 1: There are some pretty significant proposals UM as well as 209 00:12:38,720 --> 00:12:42,040 Speaker 1: already written bills that are out there right now and 210 00:12:42,160 --> 00:12:44,400 Speaker 1: floating around in the House and the Senate. And we 211 00:12:44,559 --> 00:12:47,640 Speaker 1: expect more to come from the House UM after we 212 00:12:47,760 --> 00:12:52,480 Speaker 1: saw report via the Majority Staff UM in terms of 213 00:12:52,520 --> 00:12:56,040 Speaker 1: proposals for laws. And I think that the fact that 214 00:12:56,160 --> 00:12:59,000 Speaker 1: the Congress is closely devided means you're going to have 215 00:12:59,120 --> 00:13:01,439 Speaker 1: to have compromise in order to get anything passed and 216 00:13:01,559 --> 00:13:04,559 Speaker 1: moving forward and actually enacted. And what that means is, 217 00:13:04,720 --> 00:13:07,040 Speaker 1: you know, any of these proposals by the Democrats are 218 00:13:07,080 --> 00:13:09,559 Speaker 1: going to get watered down and they're going to become 219 00:13:09,600 --> 00:13:14,000 Speaker 1: more moderate than where they start. Alright. So, Jen, it 220 00:13:14,240 --> 00:13:17,840 Speaker 1: was often said, or at least felt, that the Obomba 221 00:13:17,840 --> 00:13:22,600 Speaker 1: administration was not that tough on tech and the Internet platform. 222 00:13:22,720 --> 00:13:26,520 Speaker 1: So why do you think that the Biden administration will 223 00:13:26,559 --> 00:13:30,040 Speaker 1: be different? You know, I think that they will be 224 00:13:30,160 --> 00:13:33,640 Speaker 1: different now because it's just for it's it's four years 225 00:13:33,720 --> 00:13:37,040 Speaker 1: later and things have changed. There's just a lot of 226 00:13:37,120 --> 00:13:40,200 Speaker 1: momentum right now in terms of going after the big 227 00:13:40,280 --> 00:13:43,640 Speaker 1: tech platforms and with respect to sort of a movement 228 00:13:44,320 --> 00:13:48,360 Speaker 1: um of thinkers that believe that they abuse their monopoly positions. 229 00:13:48,600 --> 00:13:51,680 Speaker 1: And I just don't think that that can be walked 230 00:13:51,720 --> 00:13:53,480 Speaker 1: back at this point. And I don't even think that 231 00:13:53,559 --> 00:13:56,560 Speaker 1: Biden really wants to. I mean, he hasn't said very much, 232 00:13:56,920 --> 00:13:59,920 Speaker 1: but some of the spokespeople for his campaign have said 233 00:14:00,080 --> 00:14:02,719 Speaker 1: that he's on board with all of this, that he 234 00:14:03,240 --> 00:14:06,439 Speaker 1: um you know, is thinking about anti trust reform and 235 00:14:06,559 --> 00:14:09,600 Speaker 1: is concerned about anti trust reform and does have concerns 236 00:14:09,600 --> 00:14:13,480 Speaker 1: about the way some of these big tech platforms conductor business. 237 00:14:13,840 --> 00:14:16,400 Speaker 1: So I think that we just see a continuation because 238 00:14:16,440 --> 00:14:19,400 Speaker 1: it's just sort of, uh, you know, a train that 239 00:14:19,520 --> 00:14:24,080 Speaker 1: can't be stopped at this point. Now speaking of trains, 240 00:14:24,200 --> 00:14:28,120 Speaker 1: about the train at the do O J the Antitrust Division, 241 00:14:28,640 --> 00:14:32,400 Speaker 1: So I assume we expect another head of the Antitrust 242 00:14:32,520 --> 00:14:37,160 Speaker 1: Division not making del Raheem anymore. How might that change 243 00:14:37,480 --> 00:14:41,920 Speaker 1: what goes on there? You know, in my view, I 244 00:14:41,960 --> 00:14:43,680 Speaker 1: don't think it's going to change very much. I think 245 00:14:43,720 --> 00:14:47,440 Speaker 1: it'll be incremental and it will be incrementally tougher. The 246 00:14:47,520 --> 00:14:50,720 Speaker 1: anti trust enforcement will be slightly tougher. There's always been 247 00:14:50,760 --> 00:14:54,320 Speaker 1: this belief I think that a democratic administration is tougher 248 00:14:54,400 --> 00:14:57,200 Speaker 1: on anti trust and Republican administration, but if you go 249 00:14:57,360 --> 00:15:00,320 Speaker 1: back and look at statistics, it's actually not really case. 250 00:15:00,440 --> 00:15:03,480 Speaker 1: It's it's maybe on the margins, they're slightly tougher on 251 00:15:03,600 --> 00:15:06,920 Speaker 1: certain kinds of mergers. So I think a lot depends 252 00:15:07,040 --> 00:15:09,960 Speaker 1: on who biden a point um and who gets confirmed 253 00:15:10,120 --> 00:15:12,920 Speaker 1: to be the Assistant Attorney General in charge of anti trust, 254 00:15:13,280 --> 00:15:15,280 Speaker 1: because that person, you know, has a big role in 255 00:15:15,360 --> 00:15:18,440 Speaker 1: shaping policy and what they decided to do and how 256 00:15:18,480 --> 00:15:20,400 Speaker 1: they move forward is going to depend on whether that 257 00:15:20,480 --> 00:15:23,960 Speaker 1: person is a more moderate Democrat or a more progressive, 258 00:15:24,120 --> 00:15:27,440 Speaker 1: more activist Democrat, somebody you know who has views like 259 00:15:27,520 --> 00:15:31,280 Speaker 1: Elizabeth Warrens, who really believes these companies should be broken up. 260 00:15:32,160 --> 00:15:34,360 Speaker 1: Just because it's a Joe Biden, I would suspect that 261 00:15:34,480 --> 00:15:37,160 Speaker 1: it's going to be somebody who's more moderate. Um. But 262 00:15:37,400 --> 00:15:39,840 Speaker 1: even a moderate at this point, I think is going 263 00:15:40,040 --> 00:15:43,160 Speaker 1: to look carefully at these big tech platforms and is 264 00:15:43,160 --> 00:15:46,320 Speaker 1: going to continue these lawsuits that are getting started in 265 00:15:46,360 --> 00:15:49,960 Speaker 1: the Trump administration. So on that side, UM. On the 266 00:15:50,080 --> 00:15:53,720 Speaker 1: d O J side, I just see sort of a continuation, 267 00:15:53,960 --> 00:15:57,160 Speaker 1: maybe a little strengthening. The FTC side though could be 268 00:15:57,280 --> 00:16:01,360 Speaker 1: quite different. Um. And again that depends on who is 269 00:16:01,440 --> 00:16:04,800 Speaker 1: appointed commissioner. We have five now, and three of them 270 00:16:04,840 --> 00:16:08,400 Speaker 1: are Republicans. Now, the funny thing is that those three 271 00:16:08,480 --> 00:16:11,560 Speaker 1: Republicans don't have terms that end until the first one 272 00:16:11,600 --> 00:16:13,720 Speaker 1: in two thousand twenty two, and the other two even 273 00:16:13,800 --> 00:16:16,880 Speaker 1: after that, and they don't technically have to leave, so 274 00:16:17,240 --> 00:16:20,760 Speaker 1: theoretically they well they I mean they don't technically do 275 00:16:20,880 --> 00:16:24,640 Speaker 1: they normally leave? Yes, So it leaves the chairperson. This 276 00:16:24,840 --> 00:16:29,160 Speaker 1: is Joe Simons, m A Republican. Generally the chairperson leaves, 277 00:16:29,360 --> 00:16:31,720 Speaker 1: but he doesn't have to and he can't be um 278 00:16:31,880 --> 00:16:36,080 Speaker 1: fired by Joe Biden for political or policy reasons. So um, 279 00:16:36,160 --> 00:16:38,120 Speaker 1: and we have one Republican at least who said he 280 00:16:38,200 --> 00:16:40,880 Speaker 1: intends to stay and finish his term. That's Noah Phillips. 281 00:16:41,080 --> 00:16:44,120 Speaker 1: So normally what happens is if the chairperson stays, they 282 00:16:44,200 --> 00:16:48,000 Speaker 1: get demoted to a commissioner rather than the chairperson, and 283 00:16:48,160 --> 00:16:52,200 Speaker 1: one of the Democrats either becomes the chairperson or somebody 284 00:16:52,320 --> 00:16:54,480 Speaker 1: new is appointed to be the chairperson, and you flip 285 00:16:54,600 --> 00:16:58,240 Speaker 1: your majority three to two. So yes, June, probably the 286 00:16:58,440 --> 00:17:01,880 Speaker 1: majority will flip three to too, from Republican majority to 287 00:17:01,960 --> 00:17:05,040 Speaker 1: a Democrat majority. But you just don't know when. It'll 288 00:17:05,119 --> 00:17:08,159 Speaker 1: depend on when Joe Simon's decides to step down and 289 00:17:08,359 --> 00:17:11,520 Speaker 1: when somebody knew is appointed to replace him. But then 290 00:17:11,960 --> 00:17:15,960 Speaker 1: we don't know. Nothing is normal right now. So in 291 00:17:16,119 --> 00:17:19,080 Speaker 1: light of the fact that we see the Trump administration 292 00:17:19,440 --> 00:17:22,919 Speaker 1: doing a lot of different things, for example in the environment, 293 00:17:23,040 --> 00:17:27,679 Speaker 1: trying to push through regulations issuing permits, is it likely 294 00:17:27,760 --> 00:17:32,720 Speaker 1: that they might try to file lawsuits against Facebook or 295 00:17:32,840 --> 00:17:38,399 Speaker 1: Amazon or Apple before Joe Binds inaugurated. Yeah, well, I 296 00:17:38,520 --> 00:17:40,200 Speaker 1: have her. You know, there's been a lot of leaks 297 00:17:40,200 --> 00:17:43,120 Speaker 1: in the news about an FTC lawsuit against Facebook coming 298 00:17:43,160 --> 00:17:46,960 Speaker 1: in December. So yes, um, I don't think that there's 299 00:17:46,960 --> 00:17:50,280 Speaker 1: anything that that is political necessarily. I actually think the 300 00:17:50,359 --> 00:17:53,280 Speaker 1: timing is about right. I mean, when when the FTC 301 00:17:53,600 --> 00:17:57,000 Speaker 1: investigates a company and they've been investigating for over a year, 302 00:17:57,080 --> 00:17:59,720 Speaker 1: which is the case here, if they've decided that the 303 00:18:00,000 --> 00:18:03,880 Speaker 1: it in shows that there is anti competitive conduct that's 304 00:18:03,920 --> 00:18:06,919 Speaker 1: been going on, that then they bring a suit if 305 00:18:06,960 --> 00:18:08,879 Speaker 1: they think a suit makes sense and and so I 306 00:18:08,920 --> 00:18:11,760 Speaker 1: think the timing is right, and I don't really think 307 00:18:12,160 --> 00:18:16,879 Speaker 1: bringing it now before the changeover is political. I haven't 308 00:18:16,920 --> 00:18:20,480 Speaker 1: heard anything June about lawsuits against Amazon and Apple, and 309 00:18:20,600 --> 00:18:23,440 Speaker 1: I've always thought from the beginning of all of this 310 00:18:23,600 --> 00:18:26,480 Speaker 1: that to those two companies were at lower risk of 311 00:18:26,560 --> 00:18:28,600 Speaker 1: a suit than Facebook and Google. It doesn't mean that 312 00:18:28,680 --> 00:18:31,200 Speaker 1: Democrats won't down the road bring them, but I don't 313 00:18:31,280 --> 00:18:34,800 Speaker 1: see lawsuits against either of those companies getting filed before 314 00:18:35,000 --> 00:18:39,440 Speaker 1: the inauguration on January twentie just about a minute here, Jen, 315 00:18:39,920 --> 00:18:42,680 Speaker 1: So have you heard any rumors about who might be 316 00:18:43,760 --> 00:18:48,040 Speaker 1: the next attorney general? You know, I haven't heard a lot, 317 00:18:48,119 --> 00:18:49,879 Speaker 1: though I have heard rumors that it's more likely to 318 00:18:49,960 --> 00:18:53,320 Speaker 1: be a moderate, you know, than than a progressive. Um. 319 00:18:53,440 --> 00:18:55,680 Speaker 1: I do know that Terrol McSweeney, who has been with 320 00:18:55,760 --> 00:18:57,239 Speaker 1: the d o J in the past and was an 321 00:18:57,280 --> 00:19:00,440 Speaker 1: FTC commissioner, is the advisor to Biden, and I think 322 00:19:00,560 --> 00:19:03,800 Speaker 1: might be on that list. Um she is. I would 323 00:19:03,960 --> 00:19:07,159 Speaker 1: classify her as a fairly moderate Democrat, maybe moderate to 324 00:19:07,240 --> 00:19:11,119 Speaker 1: slightly left. So that's one possibility. Um. We do know 325 00:19:11,280 --> 00:19:13,359 Speaker 1: that some of the advisors that he's using right now 326 00:19:13,440 --> 00:19:17,679 Speaker 1: to help him with these placements are mostly moderate Democrats, 327 00:19:17,760 --> 00:19:20,000 Speaker 1: and so the likelihood that it's going to be a 328 00:19:20,040 --> 00:19:23,600 Speaker 1: moderate seems pretty good. All right. Well, they also have 329 00:19:23,720 --> 00:19:25,560 Speaker 1: to think about the fact that it has to get 330 00:19:25,600 --> 00:19:28,879 Speaker 1: through the Senate, and if the Georgia runoffs go to 331 00:19:29,040 --> 00:19:33,560 Speaker 1: the Republicans, that's that's a problem for Joe Biden probably 332 00:19:33,680 --> 00:19:35,600 Speaker 1: is going to face a lot of problems with some 333 00:19:35,680 --> 00:19:37,679 Speaker 1: of the people he might want to put in as 334 00:19:37,720 --> 00:19:40,920 Speaker 1: Attorney General and have to go for a moderate. Thank 335 00:19:41,000 --> 00:19:43,920 Speaker 1: you so much, Jen, It's always a pleasure. That's Jennifer 336 00:19:44,000 --> 00:19:48,920 Speaker 1: Ree Bloomberg Intelligence senior litigation analyst. Coming up next on 337 00:19:49,240 --> 00:19:52,480 Speaker 1: Sound We're going to be looking at what President Trump 338 00:19:52,720 --> 00:19:57,680 Speaker 1: is doing right now, talking to Michigan legislatures legislators and 339 00:19:57,920 --> 00:20:01,200 Speaker 1: see whether or not there's a political reason that those 340 00:20:01,359 --> 00:20:05,280 Speaker 1: legislators might not go along with what President Trump wants 341 00:20:05,359 --> 00:20:09,160 Speaker 1: to do. I'm Jim Grosso sitting in for Kevin Cirelli. 342 00:20:09,280 --> 00:20:13,959 Speaker 1: You're listening to Bloomberg. Why from our nation's can all 343 00:20:14,040 --> 00:20:16,640 Speaker 1: talk here in Washington, d C. Turns to President elect 344 00:20:16,760 --> 00:20:20,240 Speaker 1: Joe Biden's administration. Historically speaking, the markets have performed better 345 00:20:20,280 --> 00:20:23,600 Speaker 1: when there is divided government. The biggest pressure for physical 346 00:20:23,640 --> 00:20:28,120 Speaker 1: stimulus is an off taking cases. Bloomberg Sound on the insiders, 347 00:20:28,280 --> 00:20:32,240 Speaker 1: the influencers, the inside riding has promised again and again 348 00:20:32,320 --> 00:20:35,880 Speaker 1: it he will unite the country's state government's control elections 349 00:20:35,920 --> 00:20:38,280 Speaker 1: left in the constitution. I think that we can expect 350 00:20:38,359 --> 00:20:43,240 Speaker 1: a smooth, thoughtful, methodical transition. This is Bloomberg Sound On 351 00:20:43,680 --> 00:20:47,840 Speaker 1: with Kevin Shirley on Bloomberg Woman and one oh five 352 00:20:47,880 --> 00:20:51,760 Speaker 1: point seven f m h D two. I'm Jim Grosso 353 00:20:51,960 --> 00:20:54,520 Speaker 1: sitting in for Kevin Sarelli. Coming up, we're gonna be 354 00:20:54,600 --> 00:20:58,000 Speaker 1: talking about President Trump seeking to leverage the power of 355 00:20:58,119 --> 00:21:01,359 Speaker 1: his office today in an extra ordinary attempt to block 356 00:21:01,520 --> 00:21:06,320 Speaker 1: President elect Joe Biden's victory in Michigan with President Trump 357 00:21:06,480 --> 00:21:10,520 Speaker 1: calling some Republican lawmakers from Michigan to the Oval Office. 358 00:21:11,480 --> 00:21:14,840 Speaker 1: Michigan's top Republican lawmakers arrived at the White House this 359 00:21:15,040 --> 00:21:18,040 Speaker 1: afternoon to meet with President Trump and what many are 360 00:21:18,119 --> 00:21:21,320 Speaker 1: calling an attempt to circumvent the popular vote from the 361 00:21:21,400 --> 00:21:26,639 Speaker 1: election in Michigan. Here's Democratic Representative Debbie Dingle. Today, the 362 00:21:26,760 --> 00:21:30,200 Speaker 1: President is trying to I don't know what word to 363 00:21:30,320 --> 00:21:34,240 Speaker 1: call it is cheat his way to victory are crushing 364 00:21:34,400 --> 00:21:40,720 Speaker 1: local officials joining me for this hour are to guests, 365 00:21:41,000 --> 00:21:46,200 Speaker 1: John said, elitist geopolitical strategists at Trilogy Advisors and diplomacy 366 00:21:46,320 --> 00:21:50,560 Speaker 1: consultant to the State Department, and Kevin Walling, democratic strategists 367 00:21:50,640 --> 00:21:56,040 Speaker 1: at h G Creative Media. Welcome to you both. So John, 368 00:21:56,320 --> 00:21:59,400 Speaker 1: let me start with you. Debbie Dingle said she didn't 369 00:21:59,440 --> 00:22:01,520 Speaker 1: know what to call it. What would you call it? 370 00:22:01,720 --> 00:22:05,680 Speaker 1: This meeting that President Trump and is carrying and the 371 00:22:06,040 --> 00:22:10,600 Speaker 1: effort to keep going with this Michigan UM de certification 372 00:22:10,680 --> 00:22:14,760 Speaker 1: almost well, it's not just Michigan obviously. June. First of all, 373 00:22:14,840 --> 00:22:17,840 Speaker 1: thank you for having me on your program this afternoon. UM, 374 00:22:18,280 --> 00:22:20,960 Speaker 1: it's part of a larger strategy that I think is 375 00:22:21,040 --> 00:22:24,040 Speaker 1: making it more and more difficult for President Trump to 376 00:22:24,200 --> 00:22:28,320 Speaker 1: explain to the American people that there's a serious pathway 377 00:22:28,920 --> 00:22:32,480 Speaker 1: to an electoral victory. And I think especially if you 378 00:22:32,520 --> 00:22:35,840 Speaker 1: look at yesterday's press conference, where there were many allegations 379 00:22:35,960 --> 00:22:39,840 Speaker 1: that were made about manipulation of votes, and you know 380 00:22:40,400 --> 00:22:43,520 Speaker 1: systems that were built by the Cubans and the Venezuelans 381 00:22:43,560 --> 00:22:47,119 Speaker 1: that involved servers in Germany. There are so many allegations. 382 00:22:47,400 --> 00:22:50,959 Speaker 1: It's a myriad of confusion. And I think the problem 383 00:22:51,000 --> 00:22:53,280 Speaker 1: for the president right now is that time is running 384 00:22:53,280 --> 00:22:56,880 Speaker 1: out because in the next two weeks, states will continue 385 00:22:56,920 --> 00:23:01,720 Speaker 1: to certify the outcome of the collection, and December eighth 386 00:23:01,840 --> 00:23:03,960 Speaker 1: is heart and fast, and I don't know that he's 387 00:23:04,000 --> 00:23:07,399 Speaker 1: got time, however legitimate it might be in Michigan or 388 00:23:07,480 --> 00:23:11,240 Speaker 1: in Pennsylvania or Wisconsin. Time is his enemy, and I 389 00:23:11,400 --> 00:23:17,280 Speaker 1: don't know that they have a pathway to his desired outcome. Kevin, 390 00:23:17,440 --> 00:23:21,399 Speaker 1: I just spoke to Professor Lawrence Lessig of Harvard and 391 00:23:21,640 --> 00:23:24,680 Speaker 1: he said basically that this is not a legal gambit 392 00:23:25,280 --> 00:23:29,080 Speaker 1: by President Trump. It's not possible under the constitution. But 393 00:23:29,200 --> 00:23:32,000 Speaker 1: that doesn't mean that it may not be tried. How 394 00:23:32,119 --> 00:23:35,680 Speaker 1: afraid are you that it might be tried. Yeah, June, 395 00:23:35,680 --> 00:23:37,679 Speaker 1: it's good to be with you, and I'll pick up 396 00:23:37,720 --> 00:23:39,760 Speaker 1: where John just left off. It is a question of 397 00:23:39,880 --> 00:23:43,040 Speaker 1: timing for the president, and he is running short on time. 398 00:23:43,240 --> 00:23:46,200 Speaker 1: I think what we saw on that hour in forty 399 00:23:46,280 --> 00:23:50,200 Speaker 1: five minute press conference yesterday that John reference was you know, 400 00:23:50,800 --> 00:23:55,800 Speaker 1: wildly uh profused, with allegations of all kinds of wrongdoing, 401 00:23:55,880 --> 00:23:59,000 Speaker 1: but little on the evidence um that we've actually seen 402 00:23:59,200 --> 00:24:02,359 Speaker 1: entered into the court the President and his legal team 403 00:24:02,480 --> 00:24:05,040 Speaker 1: or something like thirty to one in terms of victories 404 00:24:05,320 --> 00:24:07,320 Speaker 1: in all of these key states that they're trying to 405 00:24:07,400 --> 00:24:11,120 Speaker 1: move forward. Uh in. And again to John's point with timing, 406 00:24:11,640 --> 00:24:15,360 Speaker 1: you know, you saw, for example, Georgia certified the results 407 00:24:15,400 --> 00:24:18,480 Speaker 1: today as the you know, Joe Biden is the president elect. 408 00:24:18,720 --> 00:24:21,960 Speaker 1: You're seeing Michigan, all eighty three counties have already certified 409 00:24:22,240 --> 00:24:25,159 Speaker 1: the results. So this invitation that you reference at the 410 00:24:25,240 --> 00:24:27,560 Speaker 1: top of the conversation, I don't think it's actually going 411 00:24:27,680 --> 00:24:30,560 Speaker 1: to move the ball down the field because these canvassing 412 00:24:30,600 --> 00:24:33,880 Speaker 1: boards have already certified the results on the local level. 413 00:24:34,000 --> 00:24:36,480 Speaker 1: So I think to the point that you raised, June 414 00:24:36,520 --> 00:24:39,000 Speaker 1: and it's a good one. Lawrence Lessig, Uh, you know, 415 00:24:39,119 --> 00:24:42,480 Speaker 1: comment here that this is all now a PR stunt 416 00:24:42,600 --> 00:24:45,960 Speaker 1: and further efforts to be legitimize the election in the 417 00:24:46,080 --> 00:24:47,880 Speaker 1: eyes of the American people, and to a certain degree 418 00:24:47,880 --> 00:24:49,879 Speaker 1: it is working for the president. You know, something like 419 00:24:50,000 --> 00:24:54,680 Speaker 1: two thirds of Republicans believe that the election is not legitimate. 420 00:24:54,720 --> 00:24:57,639 Speaker 1: So as this process continues and moves into this PR 421 00:24:57,760 --> 00:25:00,280 Speaker 1: stage that it has really only been and in the 422 00:25:00,320 --> 00:25:03,080 Speaker 1: weight to the election, Uh, it is successful in that regard, 423 00:25:03,200 --> 00:25:05,399 Speaker 1: just in terms of optics, but not in terms of 424 00:25:05,520 --> 00:25:08,480 Speaker 1: the legal these necessary to overturn the will of the 425 00:25:08,520 --> 00:25:13,159 Speaker 1: American people. Kevin, let me follow up on that, because 426 00:25:13,800 --> 00:25:18,080 Speaker 1: even if the president and his lawyers are losing in court, 427 00:25:18,480 --> 00:25:21,520 Speaker 1: what they could do in Michigan, if they convinced these 428 00:25:21,640 --> 00:25:25,639 Speaker 1: Michigan legislators to go with them, has nothing to do 429 00:25:25,840 --> 00:25:27,760 Speaker 1: with the courts at this time. I mean, it would 430 00:25:27,760 --> 00:25:30,000 Speaker 1: be it would be taken up by the courts on 431 00:25:30,359 --> 00:25:33,880 Speaker 1: you know, on down the road. But right now, could 432 00:25:33,960 --> 00:25:37,600 Speaker 1: if he convinces them, couldn't he then have two slates 433 00:25:37,640 --> 00:25:41,720 Speaker 1: of electors or one Republican slate of electors going to 434 00:25:42,400 --> 00:25:46,720 Speaker 1: you know, to be to Congress. Yeah, No, it's it's 435 00:25:46,760 --> 00:25:49,280 Speaker 1: a good point. I mean, I think the public just 436 00:25:49,480 --> 00:25:52,200 Speaker 1: isn't there. I mean, you know, the president ELECTO, but 437 00:25:52,280 --> 00:25:55,800 Speaker 1: I didn't want Michigan with the marginal eleven times the 438 00:25:55,880 --> 00:25:59,719 Speaker 1: size of what uh Donald Trump won the election by 439 00:26:00,160 --> 00:26:03,840 Speaker 1: four years ago. And yes, it will become a competing 440 00:26:04,280 --> 00:26:07,440 Speaker 1: issue if there's two slates of electors. But you've already 441 00:26:07,480 --> 00:26:10,760 Speaker 1: seen some unwillingness on behalf of those two Republican leaders, 442 00:26:10,800 --> 00:26:14,359 Speaker 1: the Speaker and this Senate President, in their unwillingness to 443 00:26:14,560 --> 00:26:16,880 Speaker 1: overturn what the will of the people in their state 444 00:26:16,960 --> 00:26:20,880 Speaker 1: has been previous to this meeting. We'll see the President's 445 00:26:20,880 --> 00:26:23,960 Speaker 1: power of persuasion like we saw on display with those 446 00:26:24,000 --> 00:26:29,240 Speaker 1: two Republican canvas chairs UH previous to this. But again, 447 00:26:29,280 --> 00:26:31,680 Speaker 1: I don't think the will of the Michiganders and the 448 00:26:31,720 --> 00:26:35,640 Speaker 1: American people there to UH to appoint a different state 449 00:26:35,680 --> 00:26:38,080 Speaker 1: of electors that isn't reflective of the will of of 450 00:26:38,520 --> 00:26:42,520 Speaker 1: of Michigan voters for sure, John, I understand that the 451 00:26:43,080 --> 00:26:46,719 Speaker 1: Michigan legislators were greeted on their way to the at 452 00:26:46,760 --> 00:26:51,000 Speaker 1: the airport UH in Michigan with a lot of protesters 453 00:26:51,119 --> 00:26:53,920 Speaker 1: who were complaining, and that there's been a lot of 454 00:26:54,119 --> 00:26:59,880 Speaker 1: public angst, anxiety, and just anger about what it's seems 455 00:27:00,520 --> 00:27:04,119 Speaker 1: they're going to talk to President Trump about. Is that 456 00:27:04,359 --> 00:27:07,399 Speaker 1: enough to stop them or is the power of the 457 00:27:07,520 --> 00:27:12,240 Speaker 1: presidency and the persuasion that Trump may exert more important 458 00:27:12,280 --> 00:27:16,239 Speaker 1: to them. I would say that it's something far more 459 00:27:16,320 --> 00:27:20,399 Speaker 1: important than both protesters and the president of the United States, 460 00:27:20,520 --> 00:27:23,000 Speaker 1: and that is, you know, something that goes to the 461 00:27:23,119 --> 00:27:26,440 Speaker 1: heart of our constitutional democracy. June, I think it is 462 00:27:26,600 --> 00:27:29,640 Speaker 1: very important, and you know, let the president exhaust every 463 00:27:29,760 --> 00:27:33,280 Speaker 1: legal option so that to Kevin's point, when this process 464 00:27:33,400 --> 00:27:36,600 Speaker 1: is over, however, many people feel today that this is 465 00:27:36,680 --> 00:27:39,880 Speaker 1: not this has not been a legitimate election. Hopefully, as 466 00:27:40,000 --> 00:27:43,400 Speaker 1: each state certifies and we come to agreement, we come 467 00:27:43,480 --> 00:27:46,920 Speaker 1: to recognize as as an American people that we do 468 00:27:47,119 --> 00:27:50,119 Speaker 1: actually have free and fair elections in the United States. 469 00:27:50,440 --> 00:27:53,520 Speaker 1: Absolutely critical for the future of our democracy, that we 470 00:27:53,640 --> 00:27:57,280 Speaker 1: have a peaceful transfer of power and that the next 471 00:27:57,400 --> 00:28:01,720 Speaker 1: president is accepted by as many citizens as possible as 472 00:28:01,800 --> 00:28:04,960 Speaker 1: a legitimate president. So I think, and I don't know 473 00:28:05,119 --> 00:28:07,920 Speaker 1: these individuals for Michigan, so I can't speak to them personally. 474 00:28:07,960 --> 00:28:10,080 Speaker 1: I don't know what they're thinking, but I have to 475 00:28:10,160 --> 00:28:14,360 Speaker 1: believe that most lawmakers in that position of responsibility will 476 00:28:14,440 --> 00:28:17,480 Speaker 1: do what the law says is the right thing to do. 477 00:28:18,400 --> 00:28:20,960 Speaker 1: And I don't know enough about the Michigan laws here 478 00:28:21,040 --> 00:28:23,879 Speaker 1: to see where the president's arguments can be persuasive. But 479 00:28:24,359 --> 00:28:26,720 Speaker 1: I think, like so much that's happening in the public 480 00:28:26,800 --> 00:28:31,200 Speaker 1: arena right now, June UH. They can talk about allegations 481 00:28:31,280 --> 00:28:35,000 Speaker 1: and accusations and the like, but without evidence. The American people, 482 00:28:35,080 --> 00:28:37,800 Speaker 1: I think, will believe evidence, but if they don't see it, 483 00:28:38,280 --> 00:28:40,760 Speaker 1: it doesn't matter what rhetoric comes from one side of 484 00:28:40,800 --> 00:28:44,840 Speaker 1: the other, the president's supporters of the president's opponents. Without evidence, 485 00:28:45,200 --> 00:28:48,320 Speaker 1: these will largely be seen as baseless accusations, and I 486 00:28:48,400 --> 00:28:54,400 Speaker 1: think that damages the process in the weeks ahead. Okay, 487 00:28:54,520 --> 00:28:58,120 Speaker 1: go ahead. Yeah, I was just gonna agree completely with John. 488 00:28:58,200 --> 00:29:01,720 Speaker 1: And you're seeing some some fractures within Republicans on the Hill, 489 00:29:02,280 --> 00:29:05,200 Speaker 1: Republicans on the state level. You saw the Georgia Republican 490 00:29:05,240 --> 00:29:07,880 Speaker 1: Secretary of State out there saying show the evidence. You know, 491 00:29:07,960 --> 00:29:11,560 Speaker 1: Chucker Carlson on Fox News the other night, UH asked 492 00:29:11,600 --> 00:29:15,440 Speaker 1: to have one of the Trump legal team folks on 493 00:29:16,080 --> 00:29:18,400 Speaker 1: UH and say, please produce the evidence. It's it's we're 494 00:29:18,400 --> 00:29:21,280 Speaker 1: getting past the idea and uh and John's point is 495 00:29:21,320 --> 00:29:23,040 Speaker 1: a very good one of you know, you gotta put 496 00:29:23,120 --> 00:29:26,080 Speaker 1: up or shut up. And these handful of AFID Davis 497 00:29:26,160 --> 00:29:28,960 Speaker 1: and things like that, voter intimidation, well, you know, they're 498 00:29:28,960 --> 00:29:31,480 Speaker 1: important to investigate, and I think to John's point, we 499 00:29:31,600 --> 00:29:34,720 Speaker 1: need to make sure that that Democrats, Republicans, independence across 500 00:29:34,720 --> 00:29:37,840 Speaker 1: the board have faith in our election system. But but again, 501 00:29:37,880 --> 00:29:40,360 Speaker 1: it's getting the point where time is of the essence, 502 00:29:40,480 --> 00:29:43,760 Speaker 1: and they have have failed to produce any widespread evidence 503 00:29:43,800 --> 00:29:47,120 Speaker 1: of this fraud whatsoever with it regards to voting machines, 504 00:29:47,600 --> 00:29:50,760 Speaker 1: changing votes, anything of the like dead folks voting in 505 00:29:50,880 --> 00:29:53,080 Speaker 1: massive numbers, any of this kind of stuff. You're just 506 00:29:53,200 --> 00:29:55,000 Speaker 1: not seeing that out of this Trump legal team, and 507 00:29:55,000 --> 00:29:58,400 Speaker 1: they're really grasping at trolls. Alright, coming up, we're gonna 508 00:29:58,400 --> 00:30:00,440 Speaker 1: be talking about more of those straw is that they 509 00:30:00,560 --> 00:30:03,280 Speaker 1: appear to be grasping at. And what we've heard from 510 00:30:03,320 --> 00:30:06,480 Speaker 1: the legal team as well as what President like Biden's 511 00:30:06,520 --> 00:30:09,240 Speaker 1: team is doing behind the scenes to try to get 512 00:30:09,560 --> 00:30:14,600 Speaker 1: Trump's allies to end the transition log jam. I'm June Grosso. 513 00:30:14,640 --> 00:30:21,640 Speaker 1: When you're listening to Bloomberg. You're listening to Bloomberg Sound 514 00:30:21,720 --> 00:30:25,680 Speaker 1: On with Kevin Surley on Bloomberg and one oh five 515 00:30:25,760 --> 00:30:30,200 Speaker 1: point seven f m HD two. I'm June Grosso, sitting 516 00:30:30,240 --> 00:30:35,040 Speaker 1: in for Kevin CURRELLI. Georgia's top election official certified results 517 00:30:35,080 --> 00:30:38,160 Speaker 1: today showing that Joe Biden won the presidential race over 518 00:30:38,240 --> 00:30:42,400 Speaker 1: Republican President Donald Trump. The certification brings the state one 519 00:30:42,440 --> 00:30:44,960 Speaker 1: step closer to wrapping up an election that has been 520 00:30:45,040 --> 00:30:49,600 Speaker 1: fraught with unfounded accusations of fraud by Trump and his supporters. 521 00:30:50,200 --> 00:30:53,160 Speaker 1: But here's Vice President Mike Penn speaking at to defend 522 00:30:53,240 --> 00:30:57,880 Speaker 1: the Majority rally in Kenton, Georgia today. I can tell you, 523 00:30:58,040 --> 00:31:02,440 Speaker 1: as our election contest can sin you here in Georgia 524 00:31:02,560 --> 00:31:05,880 Speaker 1: and in courts across the country, I'll make your promise. 525 00:31:07,040 --> 00:31:11,080 Speaker 1: We're gonna keep fighting until every legal vote is counted. 526 00:31:13,120 --> 00:31:17,520 Speaker 1: I've been talking to John Citalitas, geopolitical strategist at Trilogy 527 00:31:17,520 --> 00:31:21,440 Speaker 1: Advisor and diplomacy consultant to the State Department, and Kevin Walling, 528 00:31:21,560 --> 00:31:27,000 Speaker 1: democratic strategist at h G Creative Media. Kevin, as long 529 00:31:27,320 --> 00:31:31,960 Speaker 1: as top Republicans, including the Vice President, say they're going 530 00:31:32,040 --> 00:31:35,720 Speaker 1: to keep waiting until every you know, legal vote whatever 531 00:31:35,840 --> 00:31:40,320 Speaker 1: that means is cast. Will this ever come to an end. 532 00:31:43,120 --> 00:31:45,400 Speaker 1: It's a great question, I mean, and again from our 533 00:31:45,560 --> 00:31:47,760 Speaker 1: our previous conversation, it's got to come to an end 534 00:31:47,880 --> 00:31:50,560 Speaker 1: very quickly. As you point out, with Georgia they certified 535 00:31:50,600 --> 00:31:55,520 Speaker 1: the results today, Michigan, Pennsylvania, Wisconsin, the key other battleground 536 00:31:55,560 --> 00:31:59,600 Speaker 1: states that are in question all certify next week. The 537 00:31:59,720 --> 00:32:02,160 Speaker 1: best majorities of American people have already moved on from 538 00:32:02,160 --> 00:32:04,720 Speaker 1: this election and now want G s A and other 539 00:32:04,800 --> 00:32:07,680 Speaker 1: bodies to move forward in terms of this transition. And 540 00:32:07,960 --> 00:32:10,960 Speaker 1: interestingly enough, if you're seeing you know, Senator Joni Arnest 541 00:32:11,280 --> 00:32:16,400 Speaker 1: Fresh offer kind of surprise reelection to some in in Iowa, 542 00:32:16,920 --> 00:32:19,720 Speaker 1: uh saying uh that you know, we need to move 543 00:32:19,760 --> 00:32:23,040 Speaker 1: forward with his president life and this transition needs to 544 00:32:23,080 --> 00:32:25,600 Speaker 1: move forward. You saw a really strong statement out of 545 00:32:25,720 --> 00:32:29,600 Speaker 1: Mitt Romney really tearing into President Trump in terms of 546 00:32:29,680 --> 00:32:32,400 Speaker 1: what he's trying to do with these local officials, these 547 00:32:32,440 --> 00:32:35,600 Speaker 1: local election officials. So again you're seeing these cracks. Will 548 00:32:35,600 --> 00:32:37,400 Speaker 1: see if they rise up to the level of Mitch 549 00:32:37,520 --> 00:32:41,120 Speaker 1: McConnell and Kevin McCarthy. I think they both are very 550 00:32:41,160 --> 00:32:43,920 Speaker 1: good at judging where the center of their caucuses, and 551 00:32:44,000 --> 00:32:46,600 Speaker 1: if you start to see, especially in the Senate, more 552 00:32:46,640 --> 00:32:49,200 Speaker 1: and more Republicans fearful of you know, you've got some 553 00:32:49,320 --> 00:32:51,800 Speaker 1: key Senate races that we can talk about two in two. 554 00:32:51,880 --> 00:32:54,080 Speaker 1: Even though that you know, two years down the road, 555 00:32:54,160 --> 00:32:56,320 Speaker 1: it's never too soon to start talking about the next election. 556 00:32:56,560 --> 00:33:02,280 Speaker 1: So what right now, Let's finish this one first. You 557 00:33:02,520 --> 00:33:05,560 Speaker 1: c y a mentality in terms of covering you're behind 558 00:33:06,000 --> 00:33:08,680 Speaker 1: with some of these elected officials on the Republican side, 559 00:33:08,720 --> 00:33:10,680 Speaker 1: once you start to see some movement with them. We 560 00:33:10,760 --> 00:33:12,800 Speaker 1: saw some with Larry Hogan, with some of the actually 561 00:33:12,840 --> 00:33:15,640 Speaker 1: conservative governors coming out of a pretty successful call with 562 00:33:15,640 --> 00:33:18,400 Speaker 1: the National Governor's Association the President Life. So it will 563 00:33:18,440 --> 00:33:21,320 Speaker 1: reach a ground swell. Whether it is before the states 564 00:33:21,360 --> 00:33:25,640 Speaker 1: certified next week or after is only the question for UH, 565 00:33:25,760 --> 00:33:28,080 Speaker 1: you know, what will actually move UH the G s 566 00:33:28,120 --> 00:33:31,760 Speaker 1: A and others to really start the transition in earnest So, John, 567 00:33:32,280 --> 00:33:36,400 Speaker 1: my question is whether anyone in those states that President 568 00:33:36,480 --> 00:33:40,280 Speaker 1: Trump is the battleground states that President Trump is fighting 569 00:33:40,320 --> 00:33:43,880 Speaker 1: to overturn the election results. Is anyone thinking about what 570 00:33:44,240 --> 00:33:48,840 Speaker 1: overturned the election results means for local elections there that 571 00:33:48,920 --> 00:33:52,760 Speaker 1: have taken place. For you, know for the Senate elections there. 572 00:33:52,960 --> 00:33:55,000 Speaker 1: I mean, if you just if the if the vote 573 00:33:55,040 --> 00:33:57,600 Speaker 1: isn't legitimate for the president, then it's not legitimate for 574 00:33:57,640 --> 00:34:01,280 Speaker 1: anyone else either. Well, I'm not sure I would look 575 00:34:01,280 --> 00:34:04,280 Speaker 1: at it that way June, because at least the president's 576 00:34:04,360 --> 00:34:07,800 Speaker 1: team has alleged that there are tens of thousands, if 577 00:34:07,880 --> 00:34:12,000 Speaker 1: not hundreds of thousands, cumulative ballots across these battleground states 578 00:34:12,760 --> 00:34:15,600 Speaker 1: that just had a vote for Biden on them, and 579 00:34:15,719 --> 00:34:18,319 Speaker 1: they didn't have any down ballot votes. And I don't 580 00:34:18,360 --> 00:34:21,520 Speaker 1: think anyone is really challenging what has been happening with 581 00:34:21,640 --> 00:34:24,759 Speaker 1: almost every other race. There's very few contested races right 582 00:34:24,800 --> 00:34:27,280 Speaker 1: now except for the presidential and in a few states. 583 00:34:27,880 --> 00:34:31,640 Speaker 1: But if I can add some historical precedents and perspective here, 584 00:34:31,680 --> 00:34:34,440 Speaker 1: I think it's also helpful to the discussion because in 585 00:34:34,560 --> 00:34:36,799 Speaker 1: two thousand, we all remember it took a little bit 586 00:34:36,840 --> 00:34:40,000 Speaker 1: more than five weeks, about thirty seven thirty eight days 587 00:34:40,080 --> 00:34:44,239 Speaker 1: to sort out the chad counting down in Miami Dade 588 00:34:44,480 --> 00:34:48,440 Speaker 1: and Palm Beach and Florida so that Florida could be certified. 589 00:34:49,120 --> 00:34:52,560 Speaker 1: And in ten remember there was a very strong campaign 590 00:34:52,600 --> 00:34:54,640 Speaker 1: by a number of people who were shocked by Donald 591 00:34:54,680 --> 00:34:59,560 Speaker 1: Trump's victories that we're calling for faithless electors to violate 592 00:34:59,640 --> 00:35:02,239 Speaker 1: the wi of the voters and the popular vote in 593 00:35:02,320 --> 00:35:05,360 Speaker 1: each state when it came to the electoral college, and 594 00:35:05,560 --> 00:35:08,320 Speaker 1: so we waited until the electoral college took place. And 595 00:35:08,400 --> 00:35:11,280 Speaker 1: I think that's what's going to happen here. June December 596 00:35:11,400 --> 00:35:14,880 Speaker 1: eight is when all of the states will have selected 597 00:35:14,920 --> 00:35:19,720 Speaker 1: their electors, and December fifteenth, the electoral college vote takes place, 598 00:35:20,239 --> 00:35:24,120 Speaker 1: and then the presidential contest is finished. And so unless 599 00:35:24,160 --> 00:35:28,080 Speaker 1: there are some significant legal challenges that almost every attorney 600 00:35:28,120 --> 00:35:31,680 Speaker 1: today is unable to see in the accusations that were 601 00:35:31,719 --> 00:35:35,000 Speaker 1: made yesterday in recent days, um, it looks like it's 602 00:35:35,040 --> 00:35:38,440 Speaker 1: going to be a clean electoral college selection process in 603 00:35:38,920 --> 00:35:42,080 Speaker 1: two weeks and then in three weeks the electoral College 604 00:35:42,160 --> 00:35:46,000 Speaker 1: will do its duty and then we prepare for the inauguration. 605 00:35:46,280 --> 00:35:49,880 Speaker 1: And I am confident that will it will be a smooth, 606 00:35:50,080 --> 00:35:53,920 Speaker 1: peaceful transition to power. But only after the electoral College 607 00:35:53,960 --> 00:36:00,239 Speaker 1: has done its duty on December, so can I go in. 608 00:36:01,640 --> 00:36:04,440 Speaker 1: And it's and it's good to have that historical perspective too, 609 00:36:04,520 --> 00:36:07,320 Speaker 1: But but I think that you know that the example is, 610 00:36:07,400 --> 00:36:09,400 Speaker 1: you know Hillary Clinton called Donald Trump at night. And 611 00:36:09,640 --> 00:36:12,239 Speaker 1: while there were some pockets in my party, uh that 612 00:36:12,520 --> 00:36:14,920 Speaker 1: that did not you know, couldn't fathom the fact that 613 00:36:15,000 --> 00:36:19,040 Speaker 1: Donald Trump was successful in terms of three six electoral 614 00:36:19,080 --> 00:36:21,640 Speaker 1: College votes and winning the presidency just four years ago. 615 00:36:22,080 --> 00:36:26,480 Speaker 1: No one seriously objected or halted transition to take place 616 00:36:26,560 --> 00:36:29,560 Speaker 1: from the Obama administration and Trump administration. And that started 617 00:36:29,760 --> 00:36:33,360 Speaker 1: nearly immediately after that concession speech. And I think, you know, 618 00:36:33,400 --> 00:36:35,320 Speaker 1: when of the key things too, coming out of Florida 619 00:36:35,320 --> 00:36:37,880 Speaker 1: and the recount that we saw and actually it's interesting 620 00:36:37,960 --> 00:36:40,800 Speaker 1: to see Ron Klaine now as the incoming chief of 621 00:36:40,840 --> 00:36:44,000 Speaker 1: staff to the President elect, was the you know, the 622 00:36:44,120 --> 00:36:46,600 Speaker 1: leader of that effort on behalf of al Gore down 623 00:36:46,640 --> 00:36:48,440 Speaker 1: in Florida. But one of the key things that we 624 00:36:48,600 --> 00:36:51,960 Speaker 1: learned coming out of that extended that shortened transition rather 625 00:36:52,040 --> 00:36:54,920 Speaker 1: and they extended accounting of the ballots and Florida was 626 00:36:54,960 --> 00:36:58,880 Speaker 1: that it really hampered the incoming Bush administration, the Republican 627 00:36:58,920 --> 00:37:02,520 Speaker 1: Bush administration, in terms of you know, September eleventh and 628 00:37:02,760 --> 00:37:05,600 Speaker 1: really getting a sure footing when it came to national security. 629 00:37:05,640 --> 00:37:07,879 Speaker 1: And there are some parallels in terms of what we're 630 00:37:07,880 --> 00:37:10,800 Speaker 1: dealing with COVID on this national level, and how do 631 00:37:10,880 --> 00:37:13,080 Speaker 1: we distribute this vaccine. The great news of the vaccines 632 00:37:13,120 --> 00:37:16,520 Speaker 1: moving forward, something that should be credited to operational work 633 00:37:16,560 --> 00:37:19,560 Speaker 1: suite in this administration. So, you know, it's a bit 634 00:37:19,680 --> 00:37:22,960 Speaker 1: unconsfortable that that this administration is still holding up the 635 00:37:23,040 --> 00:37:26,360 Speaker 1: transition when we have so many issues we need to 636 00:37:26,440 --> 00:37:30,080 Speaker 1: tackle as part of this transition, most especially the COVID 637 00:37:30,200 --> 00:37:33,880 Speaker 1: nineteen crisis. All Right, both of you stay with me. 638 00:37:34,440 --> 00:37:36,120 Speaker 1: Coming up, I want to talk about that. I want 639 00:37:36,120 --> 00:37:38,680 Speaker 1: to talk about the fact that Joe Biden's team is 640 00:37:38,719 --> 00:37:42,320 Speaker 1: projecting this image of calm political is reporting that behind 641 00:37:42,400 --> 00:37:45,120 Speaker 1: the scenes, the advisors are in this midst of a 642 00:37:45,320 --> 00:37:49,440 Speaker 1: fierce lobbying effort to get Trump's allies to crack, and 643 00:37:49,520 --> 00:37:54,160 Speaker 1: they're dispatching emissaries from past administrations. Let's talk about what 644 00:37:54,360 --> 00:37:57,759 Speaker 1: can be done to to solve the log jam of 645 00:37:57,880 --> 00:38:01,400 Speaker 1: this transition. I'm June Brass. When you're listening to Bloomberg, 646 00:38:06,080 --> 00:38:09,480 Speaker 1: you're listening to Bloomberg Sound On with Kevin Surly on 647 00:38:09,640 --> 00:38:13,120 Speaker 1: Bloomberg and one on five point seven f m h 648 00:38:13,239 --> 00:38:18,120 Speaker 1: D two. I'm Jim Grosso sitting in for Kevin Sarelli, 649 00:38:18,360 --> 00:38:23,080 Speaker 1: President Elect Joe Biden has been criticizing President Trump and 650 00:38:23,280 --> 00:38:26,319 Speaker 1: says that he's hindering his team's ability to get up 651 00:38:26,360 --> 00:38:30,239 Speaker 1: to date information on the coronavirus pandemic and to fight 652 00:38:30,360 --> 00:38:33,680 Speaker 1: the pandemic when he gets into office. Now, how Speaker 653 00:38:33,840 --> 00:38:37,320 Speaker 1: Nancy Pelosi today criticize the Republican Party for what she 654 00:38:37,480 --> 00:38:42,000 Speaker 1: says is in action on pandemic relief legislation. We are 655 00:38:42,080 --> 00:38:46,200 Speaker 1: in a full blown economic and health catastrophe, and it's 656 00:38:46,239 --> 00:38:51,560 Speaker 1: amazing to see the patients the GOP has for other 657 00:38:51,680 --> 00:38:57,319 Speaker 1: people suffering. I've been talking to Kevin Walling, democratic strategist 658 00:38:57,360 --> 00:39:01,319 Speaker 1: at h G Creative Media and Johnson a leaders geopolitical 659 00:39:01,400 --> 00:39:06,560 Speaker 1: strategists at Trilogy Advisors and diplomacy consultant to the State Department. Kevin, 660 00:39:06,680 --> 00:39:10,480 Speaker 1: I'll start with you, is enough happening behind the scenes 661 00:39:11,280 --> 00:39:16,560 Speaker 1: to allow the incoming Biden administration to to fight the 662 00:39:16,719 --> 00:39:20,920 Speaker 1: pandemic and the way it needs to? Yeah, June, it 663 00:39:21,280 --> 00:39:24,080 Speaker 1: really hasn't. I mean, and you're starting to see. I think, 664 00:39:24,280 --> 00:39:27,200 Speaker 1: you know, half a dozen or so Republican senators have 665 00:39:27,360 --> 00:39:30,040 Speaker 1: come forward, especially you know, I like this quote from 666 00:39:30,080 --> 00:39:32,719 Speaker 1: Marco Rubio said that you know it would cause no 667 00:39:32,880 --> 00:39:35,520 Speaker 1: harm to be helpful to this transition, uh, you know 668 00:39:35,719 --> 00:39:38,160 Speaker 1: between the president elect and the Trump administration. I mean 669 00:39:38,440 --> 00:39:40,960 Speaker 1: the fact that you know, the president elect can't call 670 00:39:41,200 --> 00:39:45,440 Speaker 1: Tony Fauci directly to run through what the plan is 671 00:39:45,560 --> 00:39:48,480 Speaker 1: and to discuss in any kind of details plan for 672 00:39:48,600 --> 00:39:52,880 Speaker 1: vaccine distribution until the g S A administrator Emily Murphy 673 00:39:52,960 --> 00:39:56,759 Speaker 1: releases uh that those funds and acknowledges the fact that 674 00:39:56,880 --> 00:39:58,600 Speaker 1: Joe Biden is the president lest I think is a 675 00:39:58,680 --> 00:40:01,320 Speaker 1: dangerous thing. And we talked about this in the last block. 676 00:40:01,680 --> 00:40:05,520 Speaker 1: You know, one of the the main recommendations coming out 677 00:40:05,640 --> 00:40:09,200 Speaker 1: of the nine eleven Commission report was that abbreviated transition 678 00:40:09,520 --> 00:40:14,200 Speaker 1: between the Clinton administration and Bush administration, which which caused 679 00:40:14,400 --> 00:40:17,640 Speaker 1: the incoming Bush administration to be a bit flat footed 680 00:40:18,160 --> 00:40:20,759 Speaker 1: when it came to national security. We could see the 681 00:40:20,920 --> 00:40:24,520 Speaker 1: same process play out where a vax skey vaccine distribution 682 00:40:24,880 --> 00:40:28,760 Speaker 1: could be delayed for weeks four months because the Biden 683 00:40:28,880 --> 00:40:32,120 Speaker 1: incoming Biden administration hasn't been able to see what HHS 684 00:40:32,800 --> 00:40:35,600 Speaker 1: has come up with. The h S Secretary Alice is 685 00:40:35,640 --> 00:40:38,080 Speaker 1: ours saying my hands are tied. I can't speak to 686 00:40:38,680 --> 00:40:42,160 Speaker 1: the Biden team, and the Biden Harris administration team. Before 687 00:40:42,760 --> 00:40:48,680 Speaker 1: you know, Administrator Murphy uh certified that she believes that 688 00:40:48,920 --> 00:40:52,640 Speaker 1: this election is taken place. Kind of silly because Tony 689 00:40:52,680 --> 00:40:55,440 Speaker 1: Fauci is able to talk to the media, so it 690 00:40:55,520 --> 00:40:57,840 Speaker 1: seems like it would not be much of a stretch 691 00:40:57,920 --> 00:41:01,640 Speaker 1: to have him talk to the Biden people. John, let 692 00:41:01,680 --> 00:41:03,840 Speaker 1: me ask you this. Biden has said he hasn't ruled 693 00:41:03,880 --> 00:41:06,400 Speaker 1: out legal action to try to force the hand of 694 00:41:06,560 --> 00:41:11,719 Speaker 1: the g s A administrator. Would legal action work here? 695 00:41:11,800 --> 00:41:15,680 Speaker 1: Do you think it's advisable. I don't know the answer 696 00:41:15,719 --> 00:41:18,640 Speaker 1: to that, because that could be a constitutional question UH 697 00:41:18,880 --> 00:41:22,120 Speaker 1: in play. But the g s A administrator serves at 698 00:41:22,120 --> 00:41:24,920 Speaker 1: the pleasure of the presidents of the United States. So 699 00:41:25,239 --> 00:41:28,000 Speaker 1: until he is determined that it's the right time to 700 00:41:28,200 --> 00:41:31,359 Speaker 1: proceed with releasing all the funds and making sure all 701 00:41:31,400 --> 00:41:34,000 Speaker 1: of the administrative openings are in place to provide for 702 00:41:34,120 --> 00:41:38,480 Speaker 1: the transition regarding staff and personnel, it's probably not going 703 00:41:38,560 --> 00:41:40,800 Speaker 1: to happen. And I think, you know, one of the 704 00:41:40,840 --> 00:41:43,000 Speaker 1: problems that we have here, June is that you know, 705 00:41:43,080 --> 00:41:45,120 Speaker 1: we haven't really touched on this, and the segment is 706 00:41:45,160 --> 00:41:48,759 Speaker 1: not enough time. But relations are so raw between the 707 00:41:48,840 --> 00:41:51,920 Speaker 1: Democratic Party and the president, you know, dating back to 708 00:41:52,760 --> 00:41:56,200 Speaker 1: his campaign being spied on by the Obama administration, the 709 00:41:56,360 --> 00:42:01,120 Speaker 1: Russia collusion story, impeachment. There's just no level of trust 710 00:42:01,280 --> 00:42:03,800 Speaker 1: right now. And now you have a president who's who's 711 00:42:03,840 --> 00:42:07,799 Speaker 1: convinced himself that the election was taken away from him. 712 00:42:08,040 --> 00:42:12,600 Speaker 1: And and don't forget, he still has about ninety support 713 00:42:13,280 --> 00:42:17,520 Speaker 1: of Republicans within the party, and almost every other Republican senator, 714 00:42:17,520 --> 00:42:20,919 Speaker 1: a member of Congress knows that. So Kevin accurately notes, 715 00:42:20,960 --> 00:42:24,480 Speaker 1: I think they're about a half a dozen lawmakers Republicans 716 00:42:24,880 --> 00:42:27,120 Speaker 1: who have called for the president to open up the 717 00:42:27,160 --> 00:42:30,880 Speaker 1: transition process, but most of them are remaining very very quiet. 718 00:42:31,040 --> 00:42:33,080 Speaker 1: They are going to let the president make that decision. 719 00:42:33,239 --> 00:42:35,239 Speaker 1: And I think there's one more factor here, June, and 720 00:42:35,280 --> 00:42:37,919 Speaker 1: that is that they need the president to help raise 721 00:42:38,040 --> 00:42:41,480 Speaker 1: funds and to motivate voters. We've got the future of 722 00:42:41,560 --> 00:42:44,800 Speaker 1: the Senate at stake in Georgia with the two races, 723 00:42:45,360 --> 00:42:48,640 Speaker 1: and so if Democrats win both of those seats, then 724 00:42:48,680 --> 00:42:51,080 Speaker 1: you've got a fifty fifty tie in the Senate, and 725 00:42:51,239 --> 00:42:53,880 Speaker 1: Vice President Kamala Harris is a tidebreaker, and you've got 726 00:42:53,960 --> 00:42:57,600 Speaker 1: complete Democratic control. So the Republicans aren't just looking at 727 00:42:57,680 --> 00:42:59,920 Speaker 1: what's happening right now, but they're also making sure that 728 00:43:00,040 --> 00:43:03,680 Speaker 1: they're in a position to exercise some level of political power. 729 00:43:03,800 --> 00:43:10,399 Speaker 1: Come Kevin Treasury. Treasury Secretary Stephen Manuchin made a bid 730 00:43:10,560 --> 00:43:15,200 Speaker 1: to revive the stalled simulus talks with Congressional Democrats, proposing 731 00:43:15,239 --> 00:43:18,680 Speaker 1: the use of untapped federal reserve relief funds. And that's 732 00:43:18,719 --> 00:43:21,680 Speaker 1: the first sign in weeks of any movement on stimulus. 733 00:43:22,080 --> 00:43:26,560 Speaker 1: What's the likelihood that we're going to see stimulus before 734 00:43:27,600 --> 00:43:32,640 Speaker 1: the new and the new government. Yeah, it's a great question. 735 00:43:32,680 --> 00:43:35,440 Speaker 1: I mean, if that wasn't a motivating factor for Republican 736 00:43:35,920 --> 00:43:39,439 Speaker 1: Democrats heading into the election cycle, I don't necessarily see 737 00:43:39,480 --> 00:43:43,839 Speaker 1: it happening in the Lame Duck unless public pressure gets 738 00:43:43,920 --> 00:43:47,800 Speaker 1: behind some kind of effort. Um. You know, as you know, 739 00:43:48,040 --> 00:43:50,480 Speaker 1: a lot of the benefits are based on the calendar 740 00:43:50,560 --> 00:43:54,880 Speaker 1: year in terms of unemployment, uh, student loan forgiveness, that 741 00:43:55,040 --> 00:43:58,239 Speaker 1: all comes up at the end of the month of December, um, 742 00:43:58,640 --> 00:44:01,440 Speaker 1: you know, and actually benefits and I think the day 743 00:44:01,480 --> 00:44:05,560 Speaker 1: after Christmas to to some degree. Um. So unless there's 744 00:44:05,600 --> 00:44:09,120 Speaker 1: some public willingness to put pressure on this lane duck, um, 745 00:44:09,200 --> 00:44:12,560 Speaker 1: I don't see necessarily than being more successful than they 746 00:44:12,600 --> 00:44:15,040 Speaker 1: were before the election, when the election should have been 747 00:44:15,239 --> 00:44:18,400 Speaker 1: a huge motivating factor. I know it was for sectary munition, 748 00:44:18,800 --> 00:44:21,640 Speaker 1: but they just couldn't get there in terms of meeting 749 00:44:21,719 --> 00:44:25,359 Speaker 1: somewhere in the middle with with with with a budget um. 750 00:44:25,520 --> 00:44:27,719 Speaker 1: You know, and you know, we'll see now if there's 751 00:44:27,800 --> 00:44:32,440 Speaker 1: added pressure on Speaker Polos, on Leader McConnell to come 752 00:44:32,560 --> 00:44:34,759 Speaker 1: up with the deal, but again without that election hanging 753 00:44:34,840 --> 00:44:37,440 Speaker 1: over them, that might not be enough to to push 754 00:44:37,480 --> 00:44:41,919 Speaker 1: them to do something. Aside from public engagement on this, John, 755 00:44:42,000 --> 00:44:47,319 Speaker 1: what's your take on the possibility of stimulus action. It's 756 00:44:47,360 --> 00:44:49,840 Speaker 1: tough to tell today because we don't know to what 757 00:44:50,000 --> 00:44:53,560 Speaker 1: extent there's urgencies being felt by the Senate and House leadership, 758 00:44:53,719 --> 00:44:56,920 Speaker 1: both from their members and from the general public. Re 759 00:44:57,120 --> 00:44:59,920 Speaker 1: call that there was some significant cracks and Nancy Pelos, 760 00:45:00,000 --> 00:45:04,200 Speaker 1: She's Democratic Party in October with a number of lawmakers, 761 00:45:04,400 --> 00:45:07,719 Speaker 1: including very progressive lawmakers, urging her to take the deal 762 00:45:07,840 --> 00:45:10,720 Speaker 1: from Manuchin that was very close to the two point 763 00:45:10,840 --> 00:45:13,920 Speaker 1: two or two point four trillion package that she had 764 00:45:13,960 --> 00:45:16,960 Speaker 1: put on the table, and Manuchin, with Trump's packing, had 765 00:45:17,000 --> 00:45:19,800 Speaker 1: gotten up to about one point eight one point nine trillion, 766 00:45:20,320 --> 00:45:23,280 Speaker 1: and it was really the Senate Republicans under Majority Leader mcconno, 767 00:45:23,719 --> 00:45:26,759 Speaker 1: who were steadfast about a five hundred billion dollars so 768 00:45:27,000 --> 00:45:30,879 Speaker 1: very targeted COVID relief build. So we lost that opportunity, 769 00:45:31,760 --> 00:45:34,239 Speaker 1: and we have deal breakers on both sides, right, So 770 00:45:34,719 --> 00:45:38,600 Speaker 1: Nancy Pelosi and Chuck Schumer absolutely want state and local 771 00:45:38,719 --> 00:45:42,000 Speaker 1: government relief, and you have a number of Republican red 772 00:45:42,080 --> 00:45:45,200 Speaker 1: state lawmakers who don't want to quote unquote bailout governments 773 00:45:45,239 --> 00:45:48,680 Speaker 1: that were profligate pre COVID. And then the Republicans want 774 00:45:48,840 --> 00:45:53,000 Speaker 1: a COVID liability protection. And you've got the trial lawyers 775 00:45:53,080 --> 00:45:55,839 Speaker 1: inside the Democratic Party who are adamantly opposed because they 776 00:45:55,880 --> 00:45:58,759 Speaker 1: see a number of lawsuit opportunities once you get past 777 00:45:58,800 --> 00:46:01,279 Speaker 1: these lockdowns. So I think those are going to be 778 00:46:01,360 --> 00:46:04,200 Speaker 1: some of the dealbreaker issues that make an agreement very difficult. 779 00:46:04,360 --> 00:46:05,960 Speaker 1: But I think in terms of the need for the 780 00:46:06,000 --> 00:46:09,279 Speaker 1: American people to see leadership on the part of their 781 00:46:09,360 --> 00:46:12,759 Speaker 1: Congress and to get relief where it's needed, because a 782 00:46:12,880 --> 00:46:16,320 Speaker 1: number of people millions, are in desperate need of relief 783 00:46:16,560 --> 00:46:20,400 Speaker 1: for a condition they have no responsibility for because of 784 00:46:20,480 --> 00:46:23,040 Speaker 1: these lockdowns. So I think a lot of it will 785 00:46:23,080 --> 00:46:26,120 Speaker 1: also depend on President Trump. I think it's very good 786 00:46:26,200 --> 00:46:29,239 Speaker 1: news that he's got Manuch in, Secretary Manuchin speaking to 787 00:46:29,640 --> 00:46:34,040 Speaker 1: I think Majority Leader McConnell and Republican Leader McCarthy today 788 00:46:34,600 --> 00:46:37,319 Speaker 1: along with White House Chief of Staff Meadows and see 789 00:46:37,360 --> 00:46:39,560 Speaker 1: if we can maybe get the groups to the table 790 00:46:39,760 --> 00:46:42,680 Speaker 1: over the next several weeks. In December, in addition to 791 00:46:42,760 --> 00:46:45,600 Speaker 1: the omnibus appropriations bill that we need to fund the 792 00:46:45,680 --> 00:46:48,560 Speaker 1: government through September, we also have some measure of a 793 00:46:48,640 --> 00:46:52,320 Speaker 1: COVID relief, larger than what the Republicans wanted, but smaller 794 00:46:52,360 --> 00:46:55,759 Speaker 1: than what the Democrats wanted. So, Kevin, just about a 795 00:46:55,800 --> 00:46:57,840 Speaker 1: minute and a half here, do you think it was 796 00:46:57,880 --> 00:47:01,359 Speaker 1: a mistake for the Democrats up to accept what they 797 00:47:01,400 --> 00:47:06,440 Speaker 1: could get in stimulus before the election. I think it 798 00:47:06,520 --> 00:47:08,800 Speaker 1: was a mistake for Republicans not to come up to 799 00:47:08,840 --> 00:47:11,800 Speaker 1: where we were. Just to rephrase the question as a 800 00:47:11,880 --> 00:47:15,080 Speaker 1: democratic strategist. But you know, to to John's point, and 801 00:47:15,160 --> 00:47:17,239 Speaker 1: it's a very good one. That will be interesting. It 802 00:47:17,360 --> 00:47:20,400 Speaker 1: seems like, you know, Donald Trump has shifted to at 803 00:47:20,440 --> 00:47:24,120 Speaker 1: least some kind of legacy thinking, uh, maybe he hasn't 804 00:47:24,120 --> 00:47:26,000 Speaker 1: accepted the running on the wall in terms of the 805 00:47:26,000 --> 00:47:28,800 Speaker 1: election but he's clearly looking at his legacy with regards 806 00:47:28,800 --> 00:47:32,640 Speaker 1: to troop involvement in the Middle East and Arctic drilling, 807 00:47:33,040 --> 00:47:35,839 Speaker 1: for example in Alaska. So to John's point, this could 808 00:47:35,840 --> 00:47:39,520 Speaker 1: be an interesting legacy marker for Donald Trump. He was 809 00:47:39,719 --> 00:47:43,319 Speaker 1: very hands off deputizing Steve Venusian, the tragedy Secretary, under 810 00:47:43,360 --> 00:47:47,600 Speaker 1: the first kind of months of around three stimulus talks. 811 00:47:48,200 --> 00:47:50,480 Speaker 1: It'll be interesting to see if the President gets more 812 00:47:50,560 --> 00:47:53,279 Speaker 1: involved with, you know, something that he can accomplish in 813 00:47:53,320 --> 00:47:56,520 Speaker 1: the final two months of his administration for the American people. 814 00:47:56,800 --> 00:47:59,520 Speaker 1: If that's the motivator for the president, if he wants 815 00:47:59,560 --> 00:48:01,600 Speaker 1: to actually move on this in a way that he 816 00:48:01,680 --> 00:48:06,520 Speaker 1: didn't before the election, that could be interesting as well. Okay, well, 817 00:48:06,640 --> 00:48:09,320 Speaker 1: what's going to be interesting coming up is what's on 818 00:48:09,600 --> 00:48:12,320 Speaker 1: our radar. I'm going to ask my two guests what's 819 00:48:12,400 --> 00:48:15,719 Speaker 1: on their radar coming up, and I'll tell you what's 820 00:48:15,760 --> 00:48:19,920 Speaker 1: on mine that's coming up next. On sound On, I'm 821 00:48:20,000 --> 00:48:27,080 Speaker 1: June Grosso and you're listening to Bloomberg. You're listening to 822 00:48:27,239 --> 00:48:31,839 Speaker 1: Bloomberg Sound On with Kevin Surley on Bloomberg and one 823 00:48:31,880 --> 00:48:35,799 Speaker 1: oh five point seven f M HD two. I'm June 824 00:48:35,800 --> 00:48:39,280 Speaker 1: Grasso sitting in for Kevin Surilli, and I've been talking 825 00:48:39,360 --> 00:48:43,240 Speaker 1: to Kevin Walling, democratic strategist at h G Creative Media, 826 00:48:43,640 --> 00:48:48,880 Speaker 1: and Johnson elitist geopolitical strategists at Trilogy Advisors. So it 827 00:48:49,000 --> 00:48:53,600 Speaker 1: comes time for Kevin's favorite part of the show. What's 828 00:48:53,680 --> 00:48:59,040 Speaker 1: on your radar? Kevin, What's on your radar? Yeah, June, 829 00:48:59,080 --> 00:49:01,960 Speaker 1: So what's on my radar is the fact that the 830 00:49:02,040 --> 00:49:05,200 Speaker 1: President life came out yesterday and said that he has 831 00:49:05,280 --> 00:49:09,600 Speaker 1: chosen his nominee for Treasury Secretary, that he'll likely announce 832 00:49:09,719 --> 00:49:14,400 Speaker 1: it sometime around Thanksgiving before just after Thanksgiving, uh, and 833 00:49:14,760 --> 00:49:17,960 Speaker 1: that he said that it would satisfy both moderate and 834 00:49:18,120 --> 00:49:21,360 Speaker 1: progressive wings of our party. I don't know who that 835 00:49:21,680 --> 00:49:25,120 Speaker 1: potentially could be. I don't think Jesus Christ could satisfy 836 00:49:25,120 --> 00:49:27,960 Speaker 1: a boy the moderate and progressive wings of the Democratic 837 00:49:28,000 --> 00:49:29,960 Speaker 1: Party when it comes to the Treasury sectary. But I'm 838 00:49:30,000 --> 00:49:33,480 Speaker 1: certainly interested to see. Uh. Interesting enough, I think the 839 00:49:33,520 --> 00:49:36,480 Speaker 1: Secretary of the Treasury maybe Secretary Defense, are the only 840 00:49:36,560 --> 00:49:39,960 Speaker 1: two positions to be held only by white men in 841 00:49:40,040 --> 00:49:42,759 Speaker 1: the history of both of those positions. Um, So I 842 00:49:42,800 --> 00:49:44,759 Speaker 1: think there's some pressure to to at least a point 843 00:49:44,800 --> 00:49:48,200 Speaker 1: a person of color, a woman, um to to satisfy 844 00:49:48,600 --> 00:49:51,000 Speaker 1: you know, our party. UM. It will be interesting to 845 00:49:51,040 --> 00:49:54,759 Speaker 1: see who whoo he comes up with. That's that is really, 846 00:49:54,880 --> 00:49:56,919 Speaker 1: that is something good to keep on your radar, John, 847 00:49:57,000 --> 00:50:01,640 Speaker 1: what do you think about his about his pick? I 848 00:50:02,080 --> 00:50:04,640 Speaker 1: honestly cannot imagine who that might be. And I think 849 00:50:04,719 --> 00:50:10,320 Speaker 1: Kevin mentioned some very important benchmarks for qualifications beyond just 850 00:50:10,560 --> 00:50:14,000 Speaker 1: sheer talent and the enormity of the responsibility or what 851 00:50:14,120 --> 00:50:15,920 Speaker 1: are some of the other qualities that will be very 852 00:50:15,920 --> 00:50:18,560 Speaker 1: important to Democratic base. But I can't imagine who that 853 00:50:18,600 --> 00:50:20,359 Speaker 1: would be yet. So I think we're all looking forward 854 00:50:20,400 --> 00:50:23,799 Speaker 1: to hearing who that nominee will be. I'm looking forward 855 00:50:23,840 --> 00:50:26,239 Speaker 1: to a lot of nominees, but especially it will be 856 00:50:26,480 --> 00:50:31,479 Speaker 1: interesting to see how diverse Joe Biden makes his cabinet. So, John, 857 00:50:31,760 --> 00:50:36,040 Speaker 1: what's on your radar? Well, I've always got to for Kevin, 858 00:50:36,239 --> 00:50:38,880 Speaker 1: if you'll allow me here, June. So, on the national front, 859 00:50:39,239 --> 00:50:43,759 Speaker 1: I think Thanksgiving we're going to see national pandemic fatigue. 860 00:50:43,920 --> 00:50:48,080 Speaker 1: I think so many Americans are just exhausted of all 861 00:50:48,160 --> 00:50:50,880 Speaker 1: of their restrictions and the mask wearing and the like, 862 00:50:51,280 --> 00:50:54,120 Speaker 1: and not that they'll stop wearing masks but I think 863 00:50:54,160 --> 00:50:58,320 Speaker 1: they'll they're asking lawmakers to let them exercise common sense 864 00:50:58,880 --> 00:51:02,080 Speaker 1: to seeing that the rates are falling. Most of the 865 00:51:02,200 --> 00:51:06,200 Speaker 1: cases are among young people. We have better treatments obviously now, 866 00:51:06,320 --> 00:51:09,640 Speaker 1: the hopeful promise of vaccines in the new year, less 867 00:51:09,719 --> 00:51:13,520 Speaker 1: hospital overcrowding, and I think going into Thanksgiving and then 868 00:51:13,640 --> 00:51:17,000 Speaker 1: Christmas and Hanukkah in December, I think people are going 869 00:51:17,040 --> 00:51:19,480 Speaker 1: to be surprised by the level of pandemic fatigue that 870 00:51:19,560 --> 00:51:24,200 Speaker 1: has set in across the country. Internationally, I think President 871 00:51:24,280 --> 00:51:27,840 Speaker 1: Biden and his administration will be far tougher on China 872 00:51:28,120 --> 00:51:33,680 Speaker 1: than most China China watchers believe. Right now, Silicon Valley 873 00:51:33,760 --> 00:51:40,080 Speaker 1: wants intellectual property protections, Democrats want human rights violations to 874 00:51:40,239 --> 00:51:44,719 Speaker 1: be called out, and Republicans want geopolitical expansion reined in. 875 00:51:45,120 --> 00:51:47,600 Speaker 1: But Joe Biden has got to be very careful. Shi 876 00:51:47,719 --> 00:51:49,560 Speaker 1: Jing Ping is going to come to him with the 877 00:51:49,680 --> 00:51:54,320 Speaker 1: sirens song of climate change cooperation, and I hope Biden's 878 00:51:54,320 --> 00:51:56,880 Speaker 1: team reminds him that the Chinese are building hundreds of 879 00:51:57,000 --> 00:52:00,319 Speaker 1: coal fired plants this year and for the next years 880 00:52:00,400 --> 00:52:05,000 Speaker 1: in China and around the world. China's climate claims are 881 00:52:06,239 --> 00:52:11,000 Speaker 1: foolish and lives. I'll leave it at death. So, Kevin, 882 00:52:11,040 --> 00:52:14,720 Speaker 1: I want you to respond to the to the pandemic fatigue, 883 00:52:14,719 --> 00:52:17,399 Speaker 1: because I know I'm feeling pandemic fatigue, but I'm also 884 00:52:17,560 --> 00:52:22,600 Speaker 1: feeling more fear lately with all the various predict you know, 885 00:52:22,719 --> 00:52:25,960 Speaker 1: predictions about how bad it's going to get. So what 886 00:52:26,080 --> 00:52:29,560 Speaker 1: do you think about the pandemic fatigue? Yeah, dude, it's 887 00:52:29,560 --> 00:52:31,919 Speaker 1: definitely you know, the John's point of delicate balance. There's 888 00:52:31,960 --> 00:52:34,560 Speaker 1: certainly fatigued that everyone is feeling. There's a lot of 889 00:52:34,640 --> 00:52:39,520 Speaker 1: distress with not being with relatives for for the holidays. 890 00:52:39,600 --> 00:52:42,319 Speaker 1: But we also saw a week in which every day 891 00:52:42,400 --> 00:52:44,880 Speaker 1: we're seeing a hundred and fifty a hundred and sixty 892 00:52:45,200 --> 00:52:48,640 Speaker 1: thousand new infections. We've crossed the quarter one quarter million 893 00:52:49,080 --> 00:52:52,160 Speaker 1: mark with death um. So it is good news that 894 00:52:52,280 --> 00:52:54,440 Speaker 1: vaccines are on the way. It is good news that 895 00:52:54,600 --> 00:52:57,600 Speaker 1: the death rate is going down, but the infection rate 896 00:52:57,760 --> 00:53:00,719 Speaker 1: is out of control, rising in every single state. And 897 00:53:00,840 --> 00:53:03,640 Speaker 1: it is that delicate balance when the CDC says do 898 00:53:03,840 --> 00:53:07,400 Speaker 1: not travel for Thanksgiving. Uh, you know, I think we 899 00:53:07,520 --> 00:53:10,200 Speaker 1: all need to take that seriously. Uh. It is good 900 00:53:10,239 --> 00:53:13,240 Speaker 1: that hospitals and clinics are are better able to respond 901 00:53:13,280 --> 00:53:17,120 Speaker 1: because they've had more time studying the co more abilities 902 00:53:17,280 --> 00:53:20,160 Speaker 1: of of COVID nineteen. But again, it's still a very 903 00:53:20,320 --> 00:53:23,640 Speaker 1: very dangerous time for this country, I think too. I 904 00:53:23,680 --> 00:53:25,600 Speaker 1: think John makes a good point on the China front. 905 00:53:25,640 --> 00:53:28,360 Speaker 1: I do think. And we have to remember Vice President 906 00:53:28,480 --> 00:53:31,600 Speaker 1: Biden and Vice President g came up together at the 907 00:53:31,680 --> 00:53:34,319 Speaker 1: same time, so there's a familiarity there between the two 908 00:53:34,360 --> 00:53:37,560 Speaker 1: of them. In the last one of the last Democratic debates, 909 00:53:37,880 --> 00:53:40,720 Speaker 1: you saw then Vice President Biden, now President like Biden 910 00:53:40,920 --> 00:53:43,200 Speaker 1: go really hard on the human rights front with the 911 00:53:43,280 --> 00:53:46,479 Speaker 1: weaker's ethnic wakers in China. So I do think John 912 00:53:46,520 --> 00:53:48,960 Speaker 1: makes a good point in terms of accountability from the 913 00:53:49,040 --> 00:53:52,479 Speaker 1: Biden Harris administration. All Right, and I'll tell you what's 914 00:53:52,520 --> 00:53:58,000 Speaker 1: on my radar. It's this eleventh our regulatory race. The 915 00:53:58,120 --> 00:54:04,399 Speaker 1: Trump administration rushing to issue permits, finalized major environmental regulations, 916 00:54:04,480 --> 00:54:08,120 Speaker 1: and this week even saying opening the rights to drill 917 00:54:08,280 --> 00:54:13,000 Speaker 1: for oil in the Alaskan Wilderness before inauguration day. And 918 00:54:13,239 --> 00:54:16,239 Speaker 1: I am looking to see whether they can actually accomplish that. 919 00:54:16,560 --> 00:54:19,840 Speaker 1: There's such a tight timeline they'd have to keep to 920 00:54:20,400 --> 00:54:24,320 Speaker 1: in order to get those drilling rights actually to get contracts, 921 00:54:24,440 --> 00:54:26,360 Speaker 1: leases for those drilling rights. And then there are so 922 00:54:26,480 --> 00:54:30,880 Speaker 1: many things that the Biden administration can do after inauguration 923 00:54:31,360 --> 00:54:35,239 Speaker 1: to discount those two to just take them back basically. 924 00:54:35,360 --> 00:54:38,760 Speaker 1: So my point, I don't really understand one thing. Why bother? 925 00:54:39,080 --> 00:54:43,040 Speaker 1: Why bother with this last minute pushed to sell drilling 926 00:54:43,160 --> 00:54:47,120 Speaker 1: rights in the Alaskan Wilderness? So John, I ask you 927 00:54:47,320 --> 00:54:52,919 Speaker 1: why bother? Again? If we use historical precedent, we'll see 928 00:54:52,920 --> 00:54:56,120 Speaker 1: that there have been many instances June where outgoing presidents 929 00:54:56,239 --> 00:54:59,600 Speaker 1: use the last weeks of their administration to use the 930 00:54:59,640 --> 00:55:02,239 Speaker 1: power of the executive order to implement a number of 931 00:55:02,320 --> 00:55:05,319 Speaker 1: policies that were either too controversial which they couldn't get 932 00:55:05,360 --> 00:55:09,160 Speaker 1: passed through the legislature during the course of their administrations. 933 00:55:09,600 --> 00:55:12,360 Speaker 1: And part of this may also be UM maybe a 934 00:55:12,480 --> 00:55:17,120 Speaker 1: personal peak, in other words, giving UH the president elect 935 00:55:17,320 --> 00:55:19,560 Speaker 1: a number of issues that he would have to undo 936 00:55:20,239 --> 00:55:23,600 Speaker 1: at potential political cost. He would have to explain why 937 00:55:24,040 --> 00:55:28,000 Speaker 1: policies that could be seemingly popular despite the technical aspects 938 00:55:28,200 --> 00:55:30,839 Speaker 1: and the difficulties that you mentioned, but having to roll 939 00:55:30,960 --> 00:55:36,759 Speaker 1: them back and explaining it complicates the incoming administration's policy portfolio. 940 00:55:38,200 --> 00:55:43,839 Speaker 1: And UH and Kevin, what's your take on the regulatory rush. Yeah, 941 00:55:43,880 --> 00:55:47,239 Speaker 1: I mean, it's a very good point by John in that, 942 00:55:47,560 --> 00:55:50,279 Speaker 1: you know, I viewed through the lens of the true 943 00:55:50,320 --> 00:55:52,560 Speaker 1: patrols in the Middle least, it's far more difficult to 944 00:55:52,680 --> 00:55:57,920 Speaker 1: send troops once they returned home to a spot than 945 00:55:58,000 --> 00:56:00,600 Speaker 1: it is to keep them there or in augment troop 946 00:56:00,640 --> 00:56:03,160 Speaker 1: strength in those different regions. So I've I viewed through 947 00:56:03,200 --> 00:56:05,480 Speaker 1: that lens, is that that's much more difficult, I think 948 00:56:05,520 --> 00:56:08,120 Speaker 1: than the regulatory that. You know, folks you know listening 949 00:56:08,239 --> 00:56:11,800 Speaker 1: often don't understand, you know, the regulatory nuances of federal 950 00:56:11,920 --> 00:56:15,320 Speaker 1: lending policy. Um, they certainly do with sir listen to Bloomberg, 951 00:56:15,760 --> 00:56:19,600 Speaker 1: but the general republic necessarily doesn't understand that. But they 952 00:56:19,680 --> 00:56:23,480 Speaker 1: do understand troop movement, and if those troops are brought home, 953 00:56:23,520 --> 00:56:25,960 Speaker 1: it's far going to be far more difficult to send 954 00:56:26,040 --> 00:56:30,600 Speaker 1: them to that region again when when they're necessary issues 955 00:56:30,640 --> 00:56:32,200 Speaker 1: that have come up that we that we need that 956 00:56:32,280 --> 00:56:34,839 Speaker 1: strength in the region. All right, Well, there's a lot 957 00:56:34,960 --> 00:56:38,600 Speaker 1: to watch in these days before the next administration comes in. 958 00:56:38,719 --> 00:56:41,640 Speaker 1: Thank you both for spending this hour with me. That's 959 00:56:41,680 --> 00:56:45,759 Speaker 1: Kevin Walling, democratic strategist at h G Creative Media, and 960 00:56:45,960 --> 00:56:51,640 Speaker 1: Johnsonalitas geopolitical strategists at Trilogy Advisors and diplomacy consultant to 961 00:56:51,760 --> 00:56:55,400 Speaker 1: the State Department, and as far as those drilling leases 962 00:56:55,480 --> 00:56:59,839 Speaker 1: are concerned, while Biden officials can unwant many Trump rules 963 00:56:59,880 --> 00:57:03,120 Speaker 1: of going to consume time and resources even as the 964 00:57:03,239 --> 00:57:08,719 Speaker 1: incoming administration intends to write new measures regarding pollution, energy efficiency, 965 00:57:09,200 --> 00:57:12,880 Speaker 1: and drilling regulations. So in fact, it may take years 966 00:57:13,040 --> 00:57:17,400 Speaker 1: before the Biden administration can unwind some of the deregulation 967 00:57:17,520 --> 00:57:21,560 Speaker 1: that the Trump administration has put in place to take 968 00:57:21,640 --> 00:57:25,880 Speaker 1: away what the Obama administration put in place. That's it 969 00:57:26,160 --> 00:57:29,480 Speaker 1: for this edition of Sound On. I'm June Grass. I've 970 00:57:29,520 --> 00:57:31,560 Speaker 1: been sitting in for Kevin, so really, Kevin will be 971 00:57:31,680 --> 00:57:35,280 Speaker 1: back with you on Monday evening when I wish all 972 00:57:35,360 --> 00:57:39,720 Speaker 1: of you a great weekend. Take care. This is Bloomberg