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Speaker 1: Why from our nations this budget thing is going to

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Speaker 1: do nothing space forces. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet. Headlines Policy and politics

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Speaker 1: colliding to Floomberg sound on, the insiders, the influencers. I

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Speaker 1: would rather see a congressional solution. It's part of my DNA.

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Speaker 1: The Senate map in looks a lot. You really have

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Speaker 1: a divide within Team Trump. The President has to do

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Speaker 1: exactly what people sent him here to do, which is

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Speaker 1: to get it done. This is Bloomberg sound on with

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Speaker 1: Keaven's shirling on Bloomberg one and one d two Presidents.

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Speaker 1: He wants to buy Greenland again, but canny do it.

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Speaker 1: It all comes as the President sets a head to

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Speaker 1: the G seven later this week, as chatter about a

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Speaker 1: potential recession continues to dominate the discourse on Wall Street,

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Speaker 1: May Street, and the ongoing saga with China. We're gonna

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Speaker 1: dive into all of that with a special panel Lauren

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Speaker 1: Claffey Republican Strategists, Managing director at Hamilton Place Strategies, ancon Han,

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Speaker 1: Democratic strategists care at Rock Solutions, and former Bluen Communications director.

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Speaker 1: But before we get to all of that, we have

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Speaker 1: a very special guest presidential candidate, best selling author and

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Speaker 1: advers Maryanne Williamson, fresh off of Bloomberg Television. She's here,

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Speaker 1: mary Anne, thank you for being here, Thank you for

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Speaker 1: having me. And you just recently crossed the donor threshold

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Speaker 1: to qualify for the third Democratic presidential debate. Now you've

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Speaker 1: got to get a certain number of poles. Yeah, you're

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Speaker 1: supposed to get two in four polls. So we'll see.

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Speaker 1: When did the polls come out? Well, you never know.

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Speaker 1: It's kind of like every day you kind of wait

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Speaker 1: as all coming. So you also wonder who are these

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Speaker 1: people being pulled? And I've heard so many people say, well,

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Speaker 1: I was pulled, but they didn't ask your name, they

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Speaker 1: didn't mention your name, which of course is problematical. So

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Speaker 1: if you don't qualify for the debate, are you going

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Speaker 1: to drop out of the race or you in for

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Speaker 1: the foreseeable future. Now I'm I'm in this race as

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Speaker 1: long as I feel that there's an audience. Uh, people

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Speaker 1: are listening, My words are landing, I have something meaningful

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Speaker 1: to say. It's having an influence. Now I'm I'm doing this.

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Speaker 1: I'm I'm doing this. I'm here for a reason. You're

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Speaker 1: in all right. So there's been a lot of talk,

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Speaker 1: especially today. I was at the White House earlier this morning,

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Speaker 1: and then the talk is it's still about whether or

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Speaker 1: not there's going to be a recession. President Trump, essentially,

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Speaker 1: for his part, later in the day, came out, talked

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Speaker 1: to reporters and says, the economy is doing well, no

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Speaker 1: need to worry. How would you, President Maryanne Williamson, avert

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Speaker 1: a financial collapse should you become president of the United States. Well,

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Speaker 1: I don't buy that we're necessarily on the verge of

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Speaker 1: a quote unquote financial collapse, and I certainly wouldn't talk

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Speaker 1: that way. I wouldn't say something as ridiculous as what

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Speaker 1: the President said, which is we're doing great. I wouldn't

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Speaker 1: say that. I would have a far more a sober

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Speaker 1: and honest appraisal of what is happening. But neither would

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Speaker 1: I be hannicking, because I don't think at a moment

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Speaker 1: like this we need people to panic either. There are

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Speaker 1: signs a good point to recession, but it's not inevitable.

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Speaker 1: And what I would be concerned about economically has to

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Speaker 1: do with the fundamentals of our economy. I think part

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Speaker 1: of the problem is that the president is. So it's

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Speaker 1: almost like it's it's almost like King George and his whims,

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Speaker 1: you know, it's like, what's the king gonna do? Yeah,

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Speaker 1: and as Yeah, you don't run an economy or any

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Speaker 1: other aspect of the US government, according to presidential tweets.

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Speaker 1: But unfortunately, and now we do. Marian Williamson is here.

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Speaker 1: She is a Democratic presidential candidate. We were talking a

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Speaker 1: little bit about this on Bloomberg Television earlier about the

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Speaker 1: idea of tariffs and whether or not they're a good

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Speaker 1: tool to utilize in negotiating in negotiating trade deals with China,

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Speaker 1: for example. Your thoughts on tariffs, Well, I think that

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Speaker 1: the idea that tariffs are in the presidential toolkit is

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Speaker 1: not unreasonable. But as we know with this president, he

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Speaker 1: he uses the instruments that are at his command, even

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Speaker 1: when one might say, well using them isn't so awful.

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Speaker 1: He uses everything like a blunt instrument. He doesn't have

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Speaker 1: any sense of nuance, He doesn't have any sense of proportionality.

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Speaker 1: It seems to me the place where I do think

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Speaker 1: the president um as a point that is legitimate, it

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Speaker 1: has to do a standing up to China that I

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Speaker 1: do not disagree with, and I think it was overdue

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Speaker 1: and it was time. But I think that there are

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Speaker 1: other ways to do that, And I think that the

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Speaker 1: idea of companies going over there giving away so many

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Speaker 1: of their secrets in exchange for their own profits when

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Speaker 1: some of those secrets, you know, we all know while

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Speaker 1: they can't give away military secrets, but we're living at

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Speaker 1: a time where it could be argued that any technological availability,

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Speaker 1: or certainly a lot of it, is ultimately a security issue.

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Speaker 1: So that's where I think that we should have started.

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Speaker 1: But of course he didn't want to cause any problems

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Speaker 1: for his good friends. It's been fascinating to watch the

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Speaker 1: protests in Hong Kong and really how that's really playing

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Speaker 1: out with President she jing ping and the impact that

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Speaker 1: that's having on President She's uh domestic regime. Well, I

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Speaker 1: my heart is so moved by those people. You know,

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Speaker 1: I'm old enough to remember Tenement Square, the level of

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Speaker 1: courage that it takes for people in Hong Kong to

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Speaker 1: be protesting the way they are. And of course there's

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Speaker 1: a lot of talk right now about this British consulate

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Speaker 1: that went into mainland and they haven't heard from him.

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Speaker 1: These people, as we know, can be beyond tough. They

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Speaker 1: can be brutal. And my heart is you know these

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Speaker 1: people in my prayers. I hear your tone about Hong Kong,

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Speaker 1: and I contrasted with the tone coming from the White House.

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Speaker 1: There's been some criticism of the administration, even amongst Republicans

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Speaker 1: that I've spoken to, that the President hasn't taken as

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Speaker 1: aggressive of a support stance for Hong Kong. Well, this

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Speaker 1: president isn't known for his love of democracy, and he

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Speaker 1: isn't known for his love of human rights. The president

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Speaker 1: doesn't seem to have any visceral taste for democracy. So

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Speaker 1: this is not someone that about whom I'm shocked or

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Speaker 1: surprised that he's not even making a comment to say,

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Speaker 1: these people are trying to uphold democratic values and we

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Speaker 1: in the United States would always be on the side

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Speaker 1: of that. Maria Williamson's here. She's presidential candidate, best selling

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Speaker 1: author and activists. You know, I told you this when

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Speaker 1: we were in between TV and radio. But I when

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Speaker 1: I was researching for this particular interview, and I went down,

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Speaker 1: like any other reporter, millennial reporter, the YouTube warmhole, and

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Speaker 1: I was watching some of your appearances on The Oprah

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Speaker 1: Winfrey Show, including an appearance after nine eleven in which

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Speaker 1: she spoke I believe it was that month about Islamophobia

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Speaker 1: in America, and that show really had an impact on

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Speaker 1: the country. And I'm curious from your vantage point now,

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Speaker 1: as you run for president, and as you travel the

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Speaker 1: country and meet with with voters, but also as you

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Speaker 1: navigate this political climate, just what has surprised you the

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Speaker 1: most from being a presidential candidate as you reflect back

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Speaker 1: on there's early Oprah win Free appearances. I won't say

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Speaker 1: that it surprises me, but I will say that it

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Speaker 1: moves me how good people are, and how much people

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Speaker 1: do care, and how much smarter and more noble the

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Speaker 1: average Americans seems to be than the political establishment seems

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Speaker 1: to have any idea. There are far more people who

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Speaker 1: love in this country than who hate. The problem is

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Speaker 1: that those who hate hate with conviction today and they've

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Speaker 1: become politicized. And this is a very dangerous phenomenon whenever

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Speaker 1: you have large groups of people who politicize around hatred, bigotry, racism, etcetera.

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Speaker 1: What we need to do now is to harness all

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Speaker 1: the goodness, the decency, the nobility the compassion, the sense

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Speaker 1: of justice and love for our democracy of so many people.

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Speaker 1: That inspires me. I feel when I speak of that,

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Speaker 1: I've heard people are ready for that. And that's what

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Speaker 1: my campaign career really is, the American dream. I mean,

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Speaker 1: here you are, You become this besting author, You travel

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Speaker 1: the country, you give these these speeches or at speeches

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Speaker 1: there is the wrong word, but but you get you

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Speaker 1: host these engagements. Uh. And now you find yourself in

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Speaker 1: a party that when we talk about this virtually every

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Speaker 1: other day, about that that is at the tension the democratic, socialist,

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Speaker 1: the capitalist, the centrist. Are you a capitalist? Yes, I'm yes,

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Speaker 1: I'm a capitalist. I believe in capitalism with a conscience.

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Speaker 1: Capitalism must reclaim it's moral core. I am not someone

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Speaker 1: who believes that capitalism is inherently a moral but I

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Speaker 1: believe that over the last forty years there is an

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Speaker 1: almost virulent strain of capitalism that is immoral, that has

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Speaker 1: placed stockholdholder value, short term profits, and produciary responsibility for

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Speaker 1: stockholders alone at the expense of the other shareholders, the

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Speaker 1: other stakeholders, the workers, the the the environment, the community.

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Speaker 1: You know, I'm old enough to remember a time and

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Speaker 1: I'm not romanticizing the past, but there was a time

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Speaker 1: when I which grew ring up, that the American corporation

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Speaker 1: was expected to care where if someone had worked for

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Speaker 1: the corporation for decades, the corporation was expected to care

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Speaker 1: whether or not that person had a dignified retirement. Now,

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Speaker 1: when people like Jeremy Grantham started talking, Ray Dalio started talking,

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Speaker 1: what has happened recently with this business roundtable, I think

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Speaker 1: some chairman of the business round some people clearly have

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Speaker 1: gotten the message. They're not stupid. They will either self

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Speaker 1: correct or you're gonna have a younger generation that's gonna

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Speaker 1: gonna storm those ramparts. You know, they're going to storm

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Speaker 1: the bastille because you have millions of younger people now

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Speaker 1: who are saying what am I supposed to be so

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Speaker 1: scared of about socialism? The free healthcare or the free college?

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Speaker 1: And then I'm saying, what is global capitalism ever done

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Speaker 1: for me? So I believe that capitalism can correct, and

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Speaker 1: and it must now there is there's no more no

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Speaker 1: more time to waste guys, and that is what I believe.

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Speaker 1: I believe the capitalism can you know it, Capitalism is

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Speaker 1: very good at at wealth creation opportunities. But unfortunately, over

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Speaker 1: the last forty years, those wealth creation opportunities have been

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Speaker 1: limited to a very very small purview and very very

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Speaker 1: small number of Americans, and that is not right. Coming up,

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Speaker 1: I'm gonna ask you about your policies, the Department of

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Speaker 1: Peace plan that you unveiled earlier this week, also about reparations.

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Speaker 1: Everyone's talking about reparations now it is. It is fully

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Speaker 1: now into the democratic consciousness, of the democratic apology, of

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Speaker 1: democratic platform. I don't need a policy. I don't know

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Speaker 1: the word word salad, all right, Marian Williamson stays. I'm

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Speaker 1: Kevin Cirelli, chief Washington correspondent for Bloomberg Television Bloomberg Radio.

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Speaker 1: You can download the Bloomberg Sound On podcast on Apple iTunes,

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Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

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Speaker 1: You can also find me on Radio dot Com, I

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Speaker 1: Heart Radio, and Spotify. This is Bloomberg's Sound On with

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Speaker 1: Kevin Surreley on Bloomberg one and one or five point

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Speaker 1: seven f M h D two. I'm Kevin Cirelli, chief

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Speaker 1: Washington correspondent from Bloomberg Television and Bloomberg Radio. I'm joined

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Speaker 1: here in studio. She's been so generous with her time.

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Speaker 1: Marianne Williamson, presidential candidate, best selling author and activists and you.

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Speaker 1: Marianne were at the African American Chamber of Commerce earlier

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Speaker 1: today talking business, talking business policies, and talking about reparations. So,

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Speaker 1: in Layman's terms, to folks who are unfamiliar with this policy,

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Speaker 1: what is it, because it's more than just writing a

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Speaker 1: check to every African American individual, every African American. Well,

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Speaker 1: it's the idea of money that would be dispersed over

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Speaker 1: a period of twenty years, and it would be for

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Speaker 1: the purposes of economic and educational renewal. The idea of

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Speaker 1: reparations is different than the idea of race based policies.

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Speaker 1: So there's this general consensus and understanding that there is

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Speaker 1: an economic gap, a serious economic gap that began at

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Speaker 1: the end of the Civil War and that has has

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Speaker 1: has now only continued, but that at various times in

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Speaker 1: our history when there has been an accumulation of black wealth,

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Speaker 1: there have been state and local efforts that have actually

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Speaker 1: thwarted those efforts. Therefore, there is a general consensus, and

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Speaker 1: I believe this is a very pregnant moment that something

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Speaker 1: is owed. Just like after World War Two, Germany paid

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Speaker 1: eighty nine billion dollars in uh in reparations to Jewish organizations. Now,

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Speaker 1: even though this doesn't mean the Holocaust didn't happen, it

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Speaker 1: has gone far towards establishing reconciliation between Germany and the

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Speaker 1: Jews of Europe. Miriam Williamson here Democratic presidential candidate, best

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Speaker 1: selling author and activists on the issue of reparations. What

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Speaker 1: do you say to folks who say, well, hey, wait

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Speaker 1: a minute, this isn't this doesn't mesh with with Maybe

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Speaker 1: maybe they they folks are saying, you know, I believe

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Speaker 1: in equality. I believe that African Americans should have every

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Speaker 1: right of every American. But the idea of some type

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Speaker 1: of reparation system just doesn't doesn't connect with them, or

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Speaker 1: doesn't click with them, or they don't understand it well.

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Speaker 1: As I was just saying, there's a history here, and

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Speaker 1: I don't find It's not my belief or my experience

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Speaker 1: that the average American is racist. I don't, but I

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Speaker 1: do think the average American is woefully under educated about

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Speaker 1: the history of race in the United States. So to

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Speaker 1: the person who might have said what you just said,

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Speaker 1: I have found that when I then respond by pointing

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Speaker 1: out that the first enslaved people were brought over here

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Speaker 1: in sixteen nineteen, that slavery then existed for two hundred

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Speaker 1: and fifty years, that when slavery was abolished in eighteen

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Speaker 1: sixty five, that were between four and five million enslaved people.

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Speaker 1: Then there was another hundred years of institutionalized violence against

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Speaker 1: black people. So you actually point out to people, we're

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Speaker 1: talking three hundred and fifty years of institutionalized violence against

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Speaker 1: black people. You're talking about an economic gap that existed

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Speaker 1: then that continued to exist. And what I find in

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Speaker 1: the whitest states in America, people stand up with massive applause.

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Speaker 1: In Iowa, stand up with massive applause. In in New Hampshire,

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Speaker 1: people understand whether it has to do with the Jews

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Speaker 1: being paid reparations after World War Two, or Ronald D.

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Speaker 1: Reagan in signed the American Civil Liberties Act right where

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Speaker 1: every surviving prisoner from the Japanese and German camps were

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Speaker 1: given between twenty and twenty two thousand dollars. So we're

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Speaker 1: living at a time and this has been true since

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Speaker 1: the mid twentieth century. The idea of of economic restitution

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Speaker 1: from one person or people who has wronged another is

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Speaker 1: not a French idea. And it's an economic stimulus. By

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Speaker 1: the way, Remember this money is going into people's lives,

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Speaker 1: weather has do with education, whether it has do with

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Speaker 1: historic black colleges, what That's what I wanted. It's money,

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Speaker 1: that stimulus. What I wanted to to just you know,

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Speaker 1: and that's what the point that I wanted to hammer

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Speaker 1: home here is that you're not saying the government's on

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Speaker 1: the right at check to every black person in America.

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Speaker 1: You're saying that you're over a twenty year period, there

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Speaker 1: would be an investment absolutely predominantly African American well communities

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Speaker 1: or however it would be the people on this council

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Speaker 1: would be themselves successful Black entrepreneurs, be successful scholars on

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Speaker 1: the topics of on the topic of reparations, obviously a

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Speaker 1: very carefully chosen UH Reparations Council. Then there would be

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Speaker 1: the stipulation the oversight from the U. S. Government would

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Speaker 1: be purposes of economic and educational renewal. But within that,

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Speaker 1: if I owe you money, I don't get to tell

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Speaker 1: you how to spend it. So this council might say

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Speaker 1: has to do with wealth creating opportunities, what has to

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Speaker 1: do with capital investment through chambers of commerce, It might

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Speaker 1: have to do with historical black colleges. Then they get decided,

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Speaker 1: is that Cleveland, is that Detroit, is that Indianapolis, rural American,

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Speaker 1: rural America? Wherever? That is for them to decide. And

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Speaker 1: you know, moral, uh, there's a great moral power in

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Speaker 1: reparations because there is an inherent mayicpa. It is an

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Speaker 1: algement of a debt that is owed, a wrong that

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Speaker 1: was done, a debt that is owed, and the willingness

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Speaker 1: of one people to pay that debt. So it carries

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Speaker 1: psychological and emotional power as well as economic force. Switching gears.

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Speaker 1: The Department of Peace. This has been something else that

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Speaker 1: that that really you've been known for now is creating

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Speaker 1: this Department of Peace. You know, I studied this. I

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Speaker 1: was I'm gonna be honest, I can't lie to you.

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Speaker 1: I was very skeptical when I first heard about this,

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Speaker 1: and I wanted to really understand it. But as I

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Speaker 1: started to look at it, I thought, well, what I mean,

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Speaker 1: this is soft power. This is using the state's department

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Speaker 1: for all of the positive things that civil servants in

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Speaker 1: the State's department have done for since the creation of

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Speaker 1: our country, whether it's lifting up their world countries or

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Speaker 1: the Peace Corps, or using soft power to empower communities

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Speaker 1: around the world. Well, first of all, the idea of

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Speaker 1: a Department of peace goes all the way back to

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Speaker 1: Benjamin Rush, one of the signers of the Declaration of Independence.

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Speaker 1: In terms of what the State Department does, You're absolutely correct,

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Speaker 1: But look at the at the at the compare a

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Speaker 1: son of the resources. You have a seven hundred and

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Speaker 1: fifty billion dollar military budget. The State Department, which is diplomacy,

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Speaker 1: UH Development and Mediation, gets forty billions. Then within that

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Speaker 1: the U. S a i D Or humanitarian assistance is

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Speaker 1: seventeen billion, and the people who are actually the peace

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Speaker 1: building agencies get less than one billion. What I'm saying

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Speaker 1: is there needs to be a far more robust actual partnership.

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Speaker 1: The peace builders should have a real place at the

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Speaker 1: table of power in determining our national security agenda. You

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Speaker 1: don't just take medicine, you cultivate health, and you don't

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Speaker 1: just endlessly prepare for war. You also proactively wage peace.

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Speaker 1: So I got a press you on this, because what

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Speaker 1: do you say to voters who say, hey, wait a minute,

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Speaker 1: not my what's going on in another country, not my problem.

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Speaker 1: I shouldn't have the American taxpayer shouldn't have to pay

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Speaker 1: for that. That's not that shouldn't be something that that

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Speaker 1: that they have to pay for. When I say to

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Speaker 1: that person, they might want to pick up a newspaper.

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Speaker 1: Every once in a while you think, okay, you think

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Speaker 1: what happened in Guatemala and Honduras and El Salvador isn't

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Speaker 1: your problem. You think what happened in Iraq and the

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Speaker 1: creation of ISIS today isn't your problem. That's just that's

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Speaker 1: just putting blinders on. We should see large groups of

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Speaker 1: desperate people as a national security risk. Large groups of

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Speaker 1: desperate people are more vulnerable to uh to ideological capture

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Speaker 1: by genuinely psychotic forces, and then you have a serious problem.

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Speaker 1: So if you think that that's that that the United

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Speaker 1: States and American foreign policy, in any foreign policy or

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Speaker 1: any governmental policy that's public, doesn't ultimately reach your private door,

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Speaker 1: you're very naive about what's going on in this world.

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Speaker 1: Mariam Williamson's here, We've only got a couple of minutes left.

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Speaker 1: She is presidential candidate just qualified for the donor threshold

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Speaker 1: to qualify for the third Democratic presidential debate September twelve

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Speaker 1: in Texas, now awaiting the polling data to see whether

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Speaker 1: or not she makes that cut. Uh. She says she's

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Speaker 1: going to stay in or our whether or not she

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Speaker 1: makes the third debate. She's the best selling author and activist.

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Speaker 1: I gotta ask you this, and I'm coming because I

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Speaker 1: really want people to hear your answer here because I

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Speaker 1: think it'll it'll reveal something about you. You know this, right,

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Speaker 1: I mean, you know the critics in the political realm

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Speaker 1: and the political arena who don't take you seriously and

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Speaker 1: they say you shouldn't run. How does that? How is

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Speaker 1: that motivated you? Or has it motivated you? Well? There

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Speaker 1: has been a purposeful mischaracterization of my personhood, my career,

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Speaker 1: and my beliefs. Um people have indicated that I am

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Speaker 1: anti medicine, that I've told people to get off their medicine,

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Speaker 1: that I told AIDS patients that their thoughts created their

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Speaker 1: illness and if they just loved themselves, they would they

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Speaker 1: would no longer have the AIDS, That I am anti science.

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Speaker 1: These things are simply lives, but they have created a

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Speaker 1: caricature that has been very successful at making many people

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Speaker 1: have serious doubts about me. That's politics, that's how that works.

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Speaker 1: I do understand that that has happened, and I'm sorry

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Speaker 1: that it's happened. But beyond that, if anybody has a

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Speaker 1: problem with this, they have a problem with democracy. There's

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Speaker 1: no Our constitution says that in order for someone to

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Speaker 1: be president, they have to be have lived here for

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Speaker 1: fourteen years, they have to have been born here, and

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Speaker 1: they have to be thirty or five years old or older.

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Speaker 1: If the if the founders had wanted to say that

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Speaker 1: that person had to been a congressman, or senator or governor,

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Speaker 1: they would have, but they didn't because they were leaving

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Speaker 1: it to every generation to determine for itself the skill

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Speaker 1: set that they feel the president should have to navigate

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Speaker 1: the times in which we live. I challenge the idea

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Speaker 1: that only people whose careers have been entrenched in the

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Speaker 1: same mindset and the limitations of the mindset that drove

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Speaker 1: us into this ditch, are qualified to leave us out

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Speaker 1: of it. We don't just need political mechanics today, we

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Speaker 1: need political vision. You could have the best car mechanic

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Speaker 1: in the world, but that car mechanic doesn't necessary early

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Speaker 1: know what is the road I should take to Cincinnati.

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Speaker 1: And that's what I believe I bring. I believe that

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Speaker 1: my thirty five years working very up close and personal

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Speaker 1: with people who are in crisis in their lives and

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Speaker 1: and and understanding how to apply the principles that transform

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Speaker 1: crisis into opportunity are the same principles of transformation that

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Speaker 1: this country needs. This country needs get to get back

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Speaker 1: to its values, to its principles, to its mission statement

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Speaker 1: as articulated in the Declaration of Independence. We have to

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Speaker 1: have a deeper commitment to democracy and to humanitarian concerns.

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Speaker 1: Not only that, I will say this, anything less than

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Speaker 1: that any kind of incremental approach not only will not

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Speaker 1: transform this country at this critical time in our history.

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Speaker 1: I don't believe that the same old, same old political

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Speaker 1: conversation will defeat Donald Trump, Marian Williamson, Democratic presidential candidate,

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Speaker 1: bestselling author, and activists. And we have something in common

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Speaker 1: our grandmothers. We both called them Mimi. Uh So we

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Speaker 1: have that in common. And I hope I'll be called

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Speaker 1: Mi Me someday by a grandchild of my own, and

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Speaker 1: she would my Mi Mimi would have celebrated her birthday today.

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Speaker 1: Thank you so much for coming in