1 00:00:02,200 --> 00:00:06,480 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,560 --> 00:00:10,320 Speaker 1: Biden lost a lot of goodwill, He lost a lot 3 00:00:10,440 --> 00:00:13,000 Speaker 1: of the trust that was given to him. At the 4 00:00:13,039 --> 00:00:15,800 Speaker 1: outset of this year. The Democratic Party can't find its 5 00:00:15,840 --> 00:00:18,759 Speaker 1: way back to the JFK days because it's so far 6 00:00:18,880 --> 00:00:22,680 Speaker 1: over to the last Bloomberg sound On Politics, Policy and 7 00:00:22,800 --> 00:00:26,960 Speaker 1: perspective from DC's top names. People generally don't have a 8 00:00:27,000 --> 00:00:29,880 Speaker 1: favorable view of Congress, but they do of their own Congressman. 9 00:00:29,960 --> 00:00:33,040 Speaker 1: It's got to be something that all fifty Senators, every 10 00:00:33,080 --> 00:00:37,640 Speaker 1: single fifty Senator, can't support. Bloomberg Sound On with Joe 11 00:00:37,680 --> 00:00:42,640 Speaker 1: Matthew on Bloomberg Radio. At least the government is not 12 00:00:42,760 --> 00:00:45,760 Speaker 1: shutting down at midnight, that I can tell you. Otherwise, 13 00:00:45,800 --> 00:00:48,040 Speaker 1: we are still deep in the woods of the debate 14 00:00:48,080 --> 00:00:52,800 Speaker 1: around infrastructure reconciliation and test the debt ceiling. But let's 15 00:00:52,800 --> 00:00:55,280 Speaker 1: not go too far here. It's been a long day 16 00:00:55,280 --> 00:00:58,360 Speaker 1: in Washington. It is far from over, with votes still 17 00:00:58,400 --> 00:01:00,279 Speaker 1: to be cast, they say on the bipart as an 18 00:01:00,280 --> 00:01:04,520 Speaker 1: infrastructure bill that insiders say could roll into the wee hours. 19 00:01:04,600 --> 00:01:06,960 Speaker 1: We'll find out together here on Bloomberg Radio. It's a 20 00:01:06,959 --> 00:01:09,720 Speaker 1: good thing we have the panel today. Bloomberg Politics contributors 21 00:01:09,800 --> 00:01:12,760 Speaker 1: Jeanie Chanzano and Rick Davis with us for the hour, 22 00:01:13,440 --> 00:01:15,360 Speaker 1: and later we'll hear from both sides of the aisle 23 00:01:15,400 --> 00:01:19,200 Speaker 1: with Republican Senator Marshall Blackburn of Tennessee, Democratic Congressman Andy 24 00:01:19,280 --> 00:01:22,520 Speaker 1: Levin of Michigan on the Fastest Hour in Politics. We 25 00:01:22,520 --> 00:01:24,399 Speaker 1: do have a lot to cover, so let's start at 26 00:01:24,440 --> 00:01:28,640 Speaker 1: the top. A government funding bill that will keep operations 27 00:01:28,800 --> 00:01:32,280 Speaker 1: running past midnight keep the lights on Friday, has passed 28 00:01:32,360 --> 00:01:35,120 Speaker 1: both chambers of Congress and is now heading for the 29 00:01:35,200 --> 00:01:39,080 Speaker 1: President's desk. We are very, very proud of this legislation, 30 00:01:39,440 --> 00:01:41,319 Speaker 1: and I know we'll have the honor of signing it. 31 00:01:41,480 --> 00:01:44,200 Speaker 1: When I do, it will then go to the President 32 00:01:44,240 --> 00:01:50,440 Speaker 1: of the United States for his signature. Thank you, Speaker 33 00:01:50,520 --> 00:01:53,800 Speaker 1: Nancy Pelosi with the Gulf applause and a formal enrollment 34 00:01:53,840 --> 00:01:59,320 Speaker 1: ceremony signing the bill that passed to It's about an 35 00:01:59,320 --> 00:02:02,000 Speaker 1: hour or so ago, so we're good on that. Until 36 00:02:02,040 --> 00:02:05,040 Speaker 1: the beginning of December, we cross one off the list. 37 00:02:05,080 --> 00:02:09,560 Speaker 1: One crisis averted. So are we good on infrastructure, Madam 38 00:02:09,560 --> 00:02:15,639 Speaker 1: Speaker positively? Okay, okay. Speaker Pelosi made the comment and 39 00:02:15,680 --> 00:02:19,720 Speaker 1: a briefing with reporters this morning. I was in the 40 00:02:19,800 --> 00:02:22,280 Speaker 1: room when she was asked, will there be a vote today, 41 00:02:22,320 --> 00:02:28,880 Speaker 1: repeatedly asked on infrastructure, Yes, I intend to. I don't 42 00:02:29,160 --> 00:02:31,000 Speaker 1: own a path to win the boat. I don't want 43 00:02:31,000 --> 00:02:33,800 Speaker 1: to even consider any options other than that that's just 44 00:02:33,840 --> 00:02:36,359 Speaker 1: the way it is, and that's that's our culture. You 45 00:02:36,400 --> 00:02:38,960 Speaker 1: don't understand that culture. You don't understand that culture, but 46 00:02:39,040 --> 00:02:40,800 Speaker 1: that's our culture. We go in it to win it. 47 00:02:41,400 --> 00:02:44,600 Speaker 1: It still hasn't happened for a lot of reasons, and 48 00:02:44,680 --> 00:02:48,880 Speaker 1: one of them is reconciliation suddenly confused as if it 49 00:02:48,960 --> 00:02:52,600 Speaker 1: was not already by remarks today from Joe Manchion. I 50 00:02:52,720 --> 00:02:54,800 Speaker 1: was also there in the scrum right outside of the 51 00:02:54,840 --> 00:02:58,560 Speaker 1: Senate bottom of the stairs when the gentleman from West 52 00:02:58,600 --> 00:03:01,440 Speaker 1: Virginia finally gave us a price tag. My top line 53 00:03:01,720 --> 00:03:04,240 Speaker 1: has been one point five because I believe in my 54 00:03:04,320 --> 00:03:06,560 Speaker 1: heart that what we can do and what the needs 55 00:03:06,600 --> 00:03:08,359 Speaker 1: we have right now, and what we're gonna afford to 56 00:03:08,400 --> 00:03:12,959 Speaker 1: do without basically changing our whole society to an entitlement mentality. 57 00:03:13,200 --> 00:03:15,560 Speaker 1: Do you hear that? One point five? He said? Trillion? 58 00:03:15,680 --> 00:03:20,440 Speaker 1: One point five trillion, less than half the number progressives 59 00:03:20,840 --> 00:03:24,800 Speaker 1: have been looking for, and those progressives are still threatening 60 00:03:24,840 --> 00:03:27,960 Speaker 1: to sink the infrastructure bill as a result. Now again 61 00:03:28,560 --> 00:03:31,440 Speaker 1: it's still on track to get a vote tonight or 62 00:03:32,160 --> 00:03:35,720 Speaker 1: really early tomorrow, but the Speaker could still pull it. 63 00:03:36,800 --> 00:03:38,560 Speaker 1: And you saw all of this coming if you listen 64 00:03:38,560 --> 00:03:42,640 Speaker 1: to this broadcast. So about the White House, we just 65 00:03:42,720 --> 00:03:45,520 Speaker 1: heard a short time ago from Press Secretary Jen Saki, 66 00:03:45,640 --> 00:03:48,840 Speaker 1: Here's what we know. We know that timelines helped make progress. 67 00:03:48,880 --> 00:03:51,080 Speaker 1: We've seen that play out over the course of the 68 00:03:51,120 --> 00:03:54,040 Speaker 1: last couple of days. We know that compromise is inevitable. 69 00:03:54,120 --> 00:03:56,119 Speaker 1: We've also seen that play out over the last couple 70 00:03:56,160 --> 00:03:59,000 Speaker 1: of days. And right now we're clearly in the thick 71 00:03:59,040 --> 00:04:05,120 Speaker 1: of it, in the thick of it it, Yes, we 72 00:04:05,160 --> 00:04:14,680 Speaker 1: are of it. Hug is right. And there are two 73 00:04:14,680 --> 00:04:16,240 Speaker 1: people we need to talk to you at this moment 74 00:04:16,240 --> 00:04:20,800 Speaker 1: in time, Rick and Jennie Bloomberg Politics contributors Genie Chanzano 75 00:04:20,880 --> 00:04:23,920 Speaker 1: and Rick Davis here for the hour. Hopefully someone out 76 00:04:23,920 --> 00:04:26,520 Speaker 1: there has kids and they know the backyard aigans. Welcome 77 00:04:26,560 --> 00:04:28,800 Speaker 1: to both of you. Genie, let's start here. Do you 78 00:04:28,839 --> 00:04:32,240 Speaker 1: actually think we get a vote on infrastructure? And does 79 00:04:32,279 --> 00:04:34,560 Speaker 1: it matter if it passes or fails. Could there be 80 00:04:34,600 --> 00:04:38,440 Speaker 1: opportunities on both ends for Democrats? I love the music, 81 00:04:38,560 --> 00:04:41,360 Speaker 1: do know the backyard aigans thank you Joe. That's just 82 00:04:41,400 --> 00:04:44,200 Speaker 1: brat A smile to my face. Um, you know, I 83 00:04:44,240 --> 00:04:47,200 Speaker 1: think if you believe what Nancy Pelosi said and she 84 00:04:47,279 --> 00:04:50,159 Speaker 1: will not hold a vote if she doesn't have the votes, 85 00:04:50,600 --> 00:04:53,080 Speaker 1: that we're not going to see that happen today. Could 86 00:04:53,120 --> 00:04:55,960 Speaker 1: she do it to make a statement, sure, but as 87 00:04:56,000 --> 00:04:58,360 Speaker 1: far as we can count and we know she simply 88 00:04:58,480 --> 00:05:01,520 Speaker 1: does not have the votes. And Joe Mansion statement today 89 00:05:01,640 --> 00:05:03,880 Speaker 1: or his you know, the understanding or where his top 90 00:05:03,920 --> 00:05:06,680 Speaker 1: line is at one point five trillion isn't going to 91 00:05:06,720 --> 00:05:09,919 Speaker 1: help matters. You know, I do think that today is 92 00:05:10,160 --> 00:05:12,880 Speaker 1: if we know it's an arbitrary deadline, they can come back. 93 00:05:12,920 --> 00:05:14,640 Speaker 1: They could do it again. In fact, the deadline, as 94 00:05:14,680 --> 00:05:17,680 Speaker 1: I remember, was on Monday, that came and went. Now 95 00:05:17,680 --> 00:05:20,600 Speaker 1: we're at Thursday, so you know, can they do it again? Yes, 96 00:05:20,720 --> 00:05:22,479 Speaker 1: But there is also truth to the fact that the 97 00:05:22,560 --> 00:05:25,200 Speaker 1: longer this goes on, the harder it gets. And that's 98 00:05:25,240 --> 00:05:28,159 Speaker 1: the reality. It could be Thursday, it could also be 99 00:05:28,160 --> 00:05:30,159 Speaker 1: early Friday. One thing we know is you're not going 100 00:05:30,200 --> 00:05:32,800 Speaker 1: to have many Republicans on it. Kevin McCarthy, I think 101 00:05:32,880 --> 00:05:35,760 Speaker 1: the majority of overwhelming amount of our members they're going 102 00:05:35,800 --> 00:05:37,440 Speaker 1: to vote no because they don't view it as an 103 00:05:37,440 --> 00:05:42,159 Speaker 1: infrastructure bill, yelled a briefing directly after Nancy Pelosi did 104 00:05:42,360 --> 00:05:45,880 Speaker 1: Rick Davis. Can Democrats do this alone? I guess is 105 00:05:45,920 --> 00:05:49,440 Speaker 1: the first question? Will there be enough moderates to make 106 00:05:49,520 --> 00:05:52,120 Speaker 1: up for the progressives? And so what if it fails? 107 00:05:52,120 --> 00:05:55,120 Speaker 1: Can't they do this again later? Wow, that's a lot 108 00:05:55,200 --> 00:05:57,000 Speaker 1: of wood to cut, and I'm still trying to get 109 00:05:57,040 --> 00:06:02,599 Speaker 1: over the back back. Um, at least it's not nikki. Uh, 110 00:06:02,920 --> 00:06:06,520 Speaker 1: we didn't do that whole knowledge. Yeah, there you go. 111 00:06:06,880 --> 00:06:10,680 Speaker 1: I'm just getting through that one. Look, I mean one. Uh. 112 00:06:10,880 --> 00:06:12,479 Speaker 1: They're going to try and get all the Democrats, but 113 00:06:12,520 --> 00:06:16,680 Speaker 1: obviously the Progressives aren't aren't going for it. Even Stenny Hoyer, 114 00:06:17,360 --> 00:06:20,320 Speaker 1: the you know, House majority leader, was very questionable as 115 00:06:20,320 --> 00:06:22,960 Speaker 1: to whether they could win this vote. So um, so 116 00:06:23,120 --> 00:06:27,039 Speaker 1: I don't think he shares Pelosi's like optimism. Uh. The 117 00:06:27,120 --> 00:06:29,520 Speaker 1: reality though, is there a dozen Republicans who will cross 118 00:06:29,520 --> 00:06:32,919 Speaker 1: the aisle. I mean, the minority leader there is is 119 00:06:33,000 --> 00:06:34,880 Speaker 1: just wrong to think he can get all the Republicans 120 00:06:34,960 --> 00:06:37,360 Speaker 1: go there are a lot of Republicans who like infrastructure, 121 00:06:37,400 --> 00:06:39,919 Speaker 1: and that's the reason this this bill is popular in 122 00:06:40,000 --> 00:06:43,880 Speaker 1: past the House or past the Senate by a over 123 00:06:43,960 --> 00:06:47,640 Speaker 1: sixty votes. So I do think there might be some 124 00:06:47,680 --> 00:06:50,520 Speaker 1: construction of a of a possible eke out of a win. 125 00:06:50,920 --> 00:06:54,240 Speaker 1: They only need one vote uh two uh over fifty 126 00:06:54,400 --> 00:06:58,200 Speaker 1: and uh. So that's probably what Pelosi is trying to leverage. 127 00:06:58,240 --> 00:06:59,920 Speaker 1: But boy, she's got her work cut out for is 128 00:07:00,000 --> 00:07:03,600 Speaker 1: gonna here a long night. I've I've lost a lot 129 00:07:03,640 --> 00:07:05,800 Speaker 1: of bets saying she was going to fail, and so 130 00:07:05,920 --> 00:07:07,680 Speaker 1: I'm not going to make a bet on that one tonight. 131 00:07:07,880 --> 00:07:10,600 Speaker 1: Well so, but is there a chance to do it again? Rick? 132 00:07:10,680 --> 00:07:13,600 Speaker 1: If it fails, can you bring it back in a 133 00:07:13,640 --> 00:07:15,920 Speaker 1: month or two when reconciliation is ready, or do they 134 00:07:15,920 --> 00:07:18,560 Speaker 1: get one shot at this? You know the problem is, 135 00:07:18,600 --> 00:07:21,119 Speaker 1: and you pointed it out, Joe, is that the longer 136 00:07:21,160 --> 00:07:23,400 Speaker 1: these things lay around, the less likely they are that 137 00:07:23,440 --> 00:07:27,040 Speaker 1: they're going to pass. And nothing can uh spoil a 138 00:07:27,120 --> 00:07:30,800 Speaker 1: bill's popularity than losing a vote, especially when you control 139 00:07:30,840 --> 00:07:33,960 Speaker 1: the majority. So I think this is a high risk strategy. 140 00:07:34,040 --> 00:07:36,120 Speaker 1: If she walks this vote out and she doesn't win it, 141 00:07:36,520 --> 00:07:40,040 Speaker 1: uh and and by the way, if you're progressive, you're 142 00:07:40,040 --> 00:07:41,800 Speaker 1: going to be emboldened by that and then go to 143 00:07:41,880 --> 00:07:45,840 Speaker 1: war with the Senate Democrats because they're not agreeing to 144 00:07:45,920 --> 00:07:49,120 Speaker 1: your reconciliation package, and it just creates a bigger divide, 145 00:07:49,440 --> 00:07:51,960 Speaker 1: not a smaller one. Genie would have been different today 146 00:07:52,000 --> 00:07:54,120 Speaker 1: if Joe Manchin said two and a half trillion, I mean, 147 00:07:54,120 --> 00:07:57,240 Speaker 1: are we really basing this entire flow on a top 148 00:07:57,320 --> 00:08:01,680 Speaker 1: line number that most people can't describe vibe what's inside. 149 00:08:02,640 --> 00:08:04,880 Speaker 1: I think it would have made a bit of a difference, 150 00:08:04,960 --> 00:08:07,160 Speaker 1: perhaps along the edges, but I don't think it would 151 00:08:07,160 --> 00:08:10,520 Speaker 1: have changed substantially. You know, it's the easier for progressive 152 00:08:10,560 --> 00:08:12,120 Speaker 1: to get to two point five than to get down 153 00:08:12,120 --> 00:08:14,640 Speaker 1: to one point five for certain um, But you know, 154 00:08:14,760 --> 00:08:17,600 Speaker 1: I don't think it would have changed it substantially because, 155 00:08:17,680 --> 00:08:21,000 Speaker 1: let's not forget for progressives, and rightly so, they feel 156 00:08:21,080 --> 00:08:23,720 Speaker 1: like the two point five three point five rather was 157 00:08:23,960 --> 00:08:27,440 Speaker 1: already a compromise down from the six. So for them 158 00:08:27,520 --> 00:08:30,400 Speaker 1: to think about a one point five is one sixth 159 00:08:30,440 --> 00:08:33,800 Speaker 1: of what they originally wanted in this bill. So I 160 00:08:33,840 --> 00:08:35,880 Speaker 1: think that that for them would be you know, to 161 00:08:36,280 --> 00:08:38,720 Speaker 1: a pill that they just couldn't swallow at this point. 162 00:08:38,920 --> 00:08:41,440 Speaker 1: And I do think there are substantial questions to be 163 00:08:41,480 --> 00:08:45,080 Speaker 1: asked as we go forward, to both the Democratic leadership 164 00:08:45,120 --> 00:08:49,439 Speaker 1: and to the administration about whether, in fact, this policy 165 00:08:49,559 --> 00:08:52,840 Speaker 1: or this you know, approach of keeping these bills coupled 166 00:08:52,880 --> 00:08:55,400 Speaker 1: as they did for so long was a problem to 167 00:08:55,440 --> 00:08:57,520 Speaker 1: begin with, because as Rick was just saying, you've got 168 00:08:57,520 --> 00:09:01,040 Speaker 1: emboldened progressives now who are unwill link to support and 169 00:09:01,080 --> 00:09:03,440 Speaker 1: give the president a win, which is on this hard 170 00:09:03,480 --> 00:09:06,080 Speaker 1: infrastructure bill. And so I think we're going to have 171 00:09:06,120 --> 00:09:08,400 Speaker 1: to see, you know, it was a strategy. It makes 172 00:09:08,600 --> 00:09:11,640 Speaker 1: some sense, but if they end up not getting anything 173 00:09:11,679 --> 00:09:13,800 Speaker 1: out of this, there is going to be a lot 174 00:09:13,880 --> 00:09:16,800 Speaker 1: of explaining to do. Rick, we were talking this out 175 00:09:16,800 --> 00:09:18,560 Speaker 1: a little bit in the newsroom earlier. Would it not 176 00:09:18,600 --> 00:09:23,440 Speaker 1: be maciavellian somewhat effective strategy for Republicans to pass this 177 00:09:23,559 --> 00:09:27,400 Speaker 1: infrastructure bill to stick it to the progressives? Would that 178 00:09:27,440 --> 00:09:30,359 Speaker 1: not put the Democrats in an even more awkward situation 179 00:09:30,679 --> 00:09:34,480 Speaker 1: if they passed infrastructure tonight. Well, the one thing that 180 00:09:34,520 --> 00:09:37,600 Speaker 1: you've got to consider for Republicans is their number one 181 00:09:37,679 --> 00:09:40,960 Speaker 1: overriding uh interests, and that is to win in the 182 00:09:41,000 --> 00:09:44,320 Speaker 1: midterms and take control of the House. The reality is 183 00:09:44,760 --> 00:09:46,880 Speaker 1: the most damage they could do would be to have 184 00:09:47,000 --> 00:09:50,960 Speaker 1: this infrastructure failed because it's the moderates districts that they 185 00:09:51,000 --> 00:09:53,240 Speaker 1: are most likely to flip. They won't flip any of 186 00:09:53,240 --> 00:09:56,800 Speaker 1: these progressive districts, right, there aren't Republicans that can survive those. 187 00:09:57,200 --> 00:10:00,760 Speaker 1: But in almost every one of these um moderate districts 188 00:10:00,760 --> 00:10:04,240 Speaker 1: that that that the Democrats occupy, there had been Republicans 189 00:10:04,240 --> 00:10:07,440 Speaker 1: in those seats, and so Republican Caucus wants it back. 190 00:10:07,480 --> 00:10:10,920 Speaker 1: So frankly, they kind of win win. Uh. It would 191 00:10:10,920 --> 00:10:14,120 Speaker 1: stick it to the progressives if they could pass infrastructure, 192 00:10:14,160 --> 00:10:17,480 Speaker 1: and Republicans will spend not one second worried about taking 193 00:10:17,520 --> 00:10:21,440 Speaker 1: credit for that. But then if they lose that fight 194 00:10:21,640 --> 00:10:25,000 Speaker 1: and and infrastructure goes down, it's a perfect thing to 195 00:10:25,040 --> 00:10:27,640 Speaker 1: go back to those districts and say, see, these guys 196 00:10:27,679 --> 00:10:30,280 Speaker 1: couldn't get it done and we can. Yeah. Well, I 197 00:10:30,320 --> 00:10:32,160 Speaker 1: don't know, does Kevin McCarthy need to go back to 198 00:10:32,200 --> 00:10:34,760 Speaker 1: the drawing board on this genie. He might have time, 199 00:10:35,360 --> 00:10:38,200 Speaker 1: he might want, you know, people may want him to. 200 00:10:38,320 --> 00:10:40,600 Speaker 1: I don't see Kevin McCarthy doing that. I think he 201 00:10:40,960 --> 00:10:44,240 Speaker 1: he's very interested in sticking it to Nancy Pelosi and 202 00:10:44,280 --> 00:10:47,240 Speaker 1: not giving her or Democrats a win on this. I 203 00:10:47,240 --> 00:10:49,760 Speaker 1: I don't see him doing that. But you know, to 204 00:10:49,800 --> 00:10:53,960 Speaker 1: this point about the upcoming midterm election, I was listening 205 00:10:54,000 --> 00:10:57,600 Speaker 1: to Caroline Bardot the Bordeaux, the Georgia seventh, the only 206 00:10:57,679 --> 00:11:00,920 Speaker 1: Democrat to flip a seat in and she made a 207 00:11:01,000 --> 00:11:04,679 Speaker 1: really important point that progressives have got to listen to. 208 00:11:04,920 --> 00:11:08,600 Speaker 1: She won on fiscal responsibility and a bipartisan message, and 209 00:11:08,640 --> 00:11:12,319 Speaker 1: she's the only Democrat to flip a district in so 210 00:11:12,400 --> 00:11:15,320 Speaker 1: for for you know, Nancy Pelosi, for these You know, 211 00:11:15,800 --> 00:11:18,800 Speaker 1: progressives want to win here, but they've got to recognize 212 00:11:18,840 --> 00:11:21,840 Speaker 1: the loss that is coming to them potentially in twenty 213 00:11:21,840 --> 00:11:24,400 Speaker 1: two if they don't at least get hard infrastructure and 214 00:11:24,440 --> 00:11:26,800 Speaker 1: play with these moderates. You know, Joe Manson is right 215 00:11:26,800 --> 00:11:29,559 Speaker 1: when he says they don't have the numbers. If they 216 00:11:29,600 --> 00:11:32,120 Speaker 1: want to do something this big, they've got to elect 217 00:11:32,160 --> 00:11:36,920 Speaker 1: more progressives. You're listening to Bloomberg You sound on with 218 00:11:37,000 --> 00:11:42,320 Speaker 1: Joe Matthew on Bloomberg Radio headline on the Terminal, Pelosi 219 00:11:42,400 --> 00:11:48,160 Speaker 1: pushes for infrastructure vote, defying liberals threats. Indeed, progressives threatened 220 00:11:48,160 --> 00:11:50,040 Speaker 1: to defeat the bill. They could vote on it at 221 00:11:50,080 --> 00:11:54,439 Speaker 1: some point tonight or tomorrow morning. They start dragging Cotts 222 00:11:54,480 --> 00:11:56,200 Speaker 1: into the bureau here. This is gonna be like a 223 00:11:56,280 --> 00:11:58,880 Speaker 1: four am situation, according to the Pope. The folks that 224 00:11:58,920 --> 00:12:02,560 Speaker 1: we are talking with is Bromilla Jaya Paul, who I 225 00:12:02,600 --> 00:12:05,400 Speaker 1: mentioned every day. The head of the Congressional Progressive Caucus 226 00:12:05,440 --> 00:12:08,320 Speaker 1: said after a meeting with Pelosi today, quote, we will 227 00:12:08,360 --> 00:12:10,680 Speaker 1: not be able to vote for the infrastructure bill until 228 00:12:10,720 --> 00:12:14,559 Speaker 1: the reconciliation bill has passed on quote nothing has changed. 229 00:12:15,840 --> 00:12:18,240 Speaker 1: Joining us to talk about this whole process and an 230 00:12:18,240 --> 00:12:23,119 Speaker 1: important hearing today on Capitol Hill with regard to Facebook, 231 00:12:23,160 --> 00:12:27,720 Speaker 1: this story you likely heard about on the terminal internal 232 00:12:27,760 --> 00:12:30,600 Speaker 1: study about the impact of Instagram on young teenage girls. 233 00:12:30,640 --> 00:12:33,120 Speaker 1: We're gonna get through all of this right now with 234 00:12:33,280 --> 00:12:36,720 Speaker 1: Senator Marsha Blackburn, Republican from Tennessee. Senator, it's great to 235 00:12:36,760 --> 00:12:39,280 Speaker 1: have you, and I appreciate your being with us on 236 00:12:39,320 --> 00:12:41,839 Speaker 1: a wild day in Washington. I actually almost bumped into 237 00:12:41,880 --> 00:12:43,960 Speaker 1: you at one point in the halls of the Senate 238 00:12:44,000 --> 00:12:46,840 Speaker 1: this afternoon as we were trying to get some news here. 239 00:12:46,840 --> 00:12:48,680 Speaker 1: But let me just start by asking you about this 240 00:12:48,760 --> 00:12:52,040 Speaker 1: economic agenda. I will give you credit for being consistent. 241 00:12:52,080 --> 00:12:55,160 Speaker 1: You voted against the bipart Is an Infrastructure bill when 242 00:12:55,200 --> 00:12:57,360 Speaker 1: it was in the Senate, and I have a feeling 243 00:12:57,360 --> 00:12:59,720 Speaker 1: that you're against this whole thing that's happening now in 244 00:12:59,760 --> 00:13:02,240 Speaker 1: the Why did you vote know to begin with? Well, 245 00:13:02,280 --> 00:13:04,880 Speaker 1: I voted no to begin with because when I talked 246 00:13:04,920 --> 00:13:07,960 Speaker 1: to Tennessee In's they want to see money for roads 247 00:13:07,960 --> 00:13:15,960 Speaker 1: and bridges, bridges and highways. They won't funding for railways, runways, UH, rivers. 248 00:13:16,360 --> 00:13:20,600 Speaker 1: They want to see money for broadband, but they do 249 00:13:20,760 --> 00:13:25,400 Speaker 1: not consider money for unions, money for the Green New Deal, UH, 250 00:13:25,800 --> 00:13:29,200 Speaker 1: money for human infrastructure to be what they want to 251 00:13:29,240 --> 00:13:34,640 Speaker 1: see in a surface transportation or an infrastructure bill. Was 252 00:13:34,640 --> 00:13:36,920 Speaker 1: it because you saw them tied together or the or 253 00:13:37,000 --> 00:13:40,480 Speaker 1: specifically the bipart Is an infrastructure bill itself you had 254 00:13:40,480 --> 00:13:43,960 Speaker 1: problems with. I had problems with the bill itself, but 255 00:13:44,200 --> 00:13:47,480 Speaker 1: you start putting all that together, and what they're doing 256 00:13:47,840 --> 00:13:51,960 Speaker 1: is using that bill to escalate spending. And look at 257 00:13:52,000 --> 00:13:54,800 Speaker 1: the amount of spending that they've already done. Look at 258 00:13:54,800 --> 00:13:58,360 Speaker 1: the amount of debt and UH. When I came to 259 00:13:58,520 --> 00:14:03,280 Speaker 1: Congress and started looking at the UH debt, or even 260 00:14:03,360 --> 00:14:06,360 Speaker 1: before then, when I was in the state legislature in Tennessee, 261 00:14:06,720 --> 00:14:09,680 Speaker 1: we have a balanced budget amendment, of course for the 262 00:14:09,800 --> 00:14:13,120 Speaker 1: state legislature. And I would look at the the federal 263 00:14:13,200 --> 00:14:17,079 Speaker 1: budget and I would go, my goodness, five trillion, six trillion, 264 00:14:17,240 --> 00:14:21,960 Speaker 1: eight trillion. George Bush leaves office, it's ten point six trillion. 265 00:14:22,000 --> 00:14:26,320 Speaker 1: Barack Obama comes in. They nearly double the debt. President 266 00:14:26,360 --> 00:14:29,640 Speaker 1: Trump adds UH some to it, COVID adds to it. 267 00:14:30,400 --> 00:14:35,840 Speaker 1: And where does the spending stop, and where does managing 268 00:14:36,160 --> 00:14:40,120 Speaker 1: that debt and managing being a good steward of text 269 00:14:40,160 --> 00:14:42,480 Speaker 1: by yer dollars, where is that going to kick in? 270 00:14:42,680 --> 00:14:45,160 Speaker 1: You just named a lot of administration, Senator. They all 271 00:14:45,200 --> 00:14:47,080 Speaker 1: have something in common. And so I'll ask you this 272 00:14:47,200 --> 00:14:49,920 Speaker 1: before we move on to Facebook, the matter of the 273 00:14:49,960 --> 00:14:53,120 Speaker 1: debt ceiling. I understand Republicans are not touching this, but 274 00:14:53,200 --> 00:14:56,560 Speaker 1: why not use it as an opportunity to engage or 275 00:14:56,600 --> 00:14:59,240 Speaker 1: to use it as leverage, for instance, to engage in 276 00:14:59,240 --> 00:15:03,680 Speaker 1: a conversation of debt reduction. We have in so many 277 00:15:03,760 --> 00:15:08,080 Speaker 1: times UH brought up the issue of debt reduction, whether 278 00:15:08,320 --> 00:15:11,640 Speaker 1: it had to do with a debt ceiling or whether 279 00:15:11,760 --> 00:15:14,960 Speaker 1: it was separate, as we were looking at either budgeting 280 00:15:15,240 --> 00:15:19,800 Speaker 1: or appropriations. And it is just so interesting to me 281 00:15:20,640 --> 00:15:23,880 Speaker 1: that when you say, let's do a one percent across 282 00:15:23,960 --> 00:15:28,880 Speaker 1: the board cut in all of our discretionary spending. I 283 00:15:28,920 --> 00:15:31,560 Speaker 1: think the most votes I ever got on the House 284 00:15:31,640 --> 00:15:34,080 Speaker 1: floor for one of those amendments was a hundred and 285 00:15:34,160 --> 00:15:38,600 Speaker 1: fifty three votes to make even a penny cut in 286 00:15:38,800 --> 00:15:43,480 Speaker 1: every dollar that was appropriated. So this is an issue 287 00:15:43,520 --> 00:15:45,880 Speaker 1: where the American people are going to have to stand 288 00:15:45,920 --> 00:15:50,520 Speaker 1: up and say enough is enough and really back up 289 00:15:50,600 --> 00:15:55,520 Speaker 1: those of us that continue to push for budgeting, appropriating, 290 00:15:55,600 --> 00:15:58,600 Speaker 1: and spending reform all three or one more. I don't 291 00:15:58,600 --> 00:16:02,000 Speaker 1: know if you're in touch with your colleague Senators Joe 292 00:16:02,120 --> 00:16:06,320 Speaker 1: Manching Kirsten Cinema, but are they Are they doing the 293 00:16:06,400 --> 00:16:09,040 Speaker 1: right thing by holding up this bill the way they are? 294 00:16:09,120 --> 00:16:11,320 Speaker 1: Do you respect the approach they're taking, and do you 295 00:16:11,360 --> 00:16:14,960 Speaker 1: think they should be part of the Republican Party. We 296 00:16:15,280 --> 00:16:19,880 Speaker 1: have a very big tent on our side, and we 297 00:16:19,960 --> 00:16:25,960 Speaker 1: welcome those that want to stand for fiscal responsibility, uh 298 00:16:26,120 --> 00:16:32,960 Speaker 1: individual liberty, a strong national defense, and we're always welcome. 299 00:16:33,040 --> 00:16:36,600 Speaker 1: I that one of the things I enjoy about the 300 00:16:36,640 --> 00:16:40,640 Speaker 1: Republican Party is the diversity in that party. N I 301 00:16:40,720 --> 00:16:44,760 Speaker 1: see it so many times when I'm out across the state, 302 00:16:45,000 --> 00:16:47,400 Speaker 1: and I have a lot of respect for them just 303 00:16:47,440 --> 00:16:50,360 Speaker 1: saying no, the bill is too expensive, we can't afford it, 304 00:16:50,800 --> 00:16:52,440 Speaker 1: and no, we don't want to vote for it. And 305 00:16:52,480 --> 00:16:54,960 Speaker 1: I think people have to realize we come here to 306 00:16:55,080 --> 00:16:58,560 Speaker 1: represent the people that elected us and sent us here, 307 00:16:59,240 --> 00:17:02,720 Speaker 1: and what we're hearing from them is that individuals in 308 00:17:02,920 --> 00:17:08,159 Speaker 1: Arizona and West Virginia are not for Joe Biden's agenda. 309 00:17:08,560 --> 00:17:11,960 Speaker 1: Instead of building back better, what Joe Biden is doing 310 00:17:12,240 --> 00:17:17,800 Speaker 1: is building back broke because inflation is running rampant, the 311 00:17:17,880 --> 00:17:21,880 Speaker 1: market is down, the economic indicators are not good for him. 312 00:17:22,040 --> 00:17:23,919 Speaker 1: I think I just heard an ad go by. I 313 00:17:23,960 --> 00:17:26,040 Speaker 1: will say your comments do it. They're big tents on 314 00:17:26,080 --> 00:17:30,160 Speaker 1: both sides. Comments remind me of something that Jim McGovern, congressman, 315 00:17:30,440 --> 00:17:33,879 Speaker 1: Democratic congressman from Massachusetts said to us last week. If 316 00:17:33,880 --> 00:17:36,439 Speaker 1: this were Europe, we'd have fourteen different parties here. But 317 00:17:36,480 --> 00:17:39,280 Speaker 1: we're jamming all these people into two parties, Senator. And 318 00:17:39,320 --> 00:17:43,399 Speaker 1: they just don't always agree, do they. Well, they you 319 00:17:43,480 --> 00:17:46,240 Speaker 1: don't always have agreement. But I think it's important to 320 00:17:46,280 --> 00:17:51,320 Speaker 1: realize that our nation and liberty and freedom's cause have 321 00:17:51,440 --> 00:17:58,720 Speaker 1: been well served by having robust, respectful bipartisan debate and 322 00:17:58,760 --> 00:18:01,800 Speaker 1: then at the end of the to day deciding how 323 00:18:02,080 --> 00:18:06,520 Speaker 1: is best to move forward for the country so that 324 00:18:06,720 --> 00:18:12,640 Speaker 1: we pass freedom and freedom's opportunities on to the next generation. 325 00:18:13,680 --> 00:18:16,360 Speaker 1: We're talking with Senator Marsha Blackburn of Tennessee. I want 326 00:18:16,400 --> 00:18:19,200 Speaker 1: to ask you about something that I have to admit. 327 00:18:19,320 --> 00:18:22,679 Speaker 1: It's pretty amazing to see Democrats and Republicans come together 328 00:18:22,760 --> 00:18:26,240 Speaker 1: on and that's the matter of Facebook. This hearing that 329 00:18:26,280 --> 00:18:28,560 Speaker 1: you held today, I'm a parent like you are, Senator, 330 00:18:28,600 --> 00:18:31,280 Speaker 1: and it's it's got a lot of our attention, parents, investors, 331 00:18:31,280 --> 00:18:33,640 Speaker 1: This sits a lot of people. The headline I read 332 00:18:33,640 --> 00:18:38,239 Speaker 1: on the terminal Facebook prioritizes greed over children. You were 333 00:18:38,320 --> 00:18:41,200 Speaker 1: up there with your Democratic colleagues and an important hearing today. 334 00:18:41,280 --> 00:18:44,840 Speaker 1: The Senate Commerce Committee is consumer protection panel, upon which 335 00:18:44,880 --> 00:18:47,520 Speaker 1: you are the ranking member. Listen to Senator Blackburn from 336 00:18:47,520 --> 00:18:52,359 Speaker 1: earlier today. Aspects of Instagram exacerbate each other to create 337 00:18:52,440 --> 00:18:58,040 Speaker 1: a perfect storm, and that perfect storm manifest itself in 338 00:18:58,080 --> 00:19:03,919 Speaker 1: the minds of teenagers in the form of intense social pressure, addiction, 339 00:19:04,359 --> 00:19:11,080 Speaker 1: body image issues, eating disorders, anxiety, depression, and suicidal thoughts. 340 00:19:11,119 --> 00:19:15,639 Speaker 1: Senator Blackburn was quoting Facebook's own internal report as she 341 00:19:15,760 --> 00:19:19,399 Speaker 1: was reading from the copy there, and I understand that 342 00:19:19,440 --> 00:19:23,280 Speaker 1: a pause on Instagram for kids that has come from 343 00:19:23,320 --> 00:19:26,480 Speaker 1: that report, Senator, is not doing enough for you. What 344 00:19:26,560 --> 00:19:30,400 Speaker 1: should Facebook do now that we've seen this information when 345 00:19:30,400 --> 00:19:34,800 Speaker 1: it comes to appealing to young people, Facebook first of 346 00:19:34,840 --> 00:19:38,639 Speaker 1: all needs to say yes, indeed, this is our research, 347 00:19:38,920 --> 00:19:41,520 Speaker 1: which of course we know it is. There's a whistle 348 00:19:41,560 --> 00:19:45,520 Speaker 1: blower which has brought the research to us. And then 349 00:19:45,680 --> 00:19:48,000 Speaker 1: secondly they need to say we're going to put the 350 00:19:48,040 --> 00:19:51,439 Speaker 1: interest of children first. What we have found out is 351 00:19:51,480 --> 00:19:57,520 Speaker 1: that Facebook is um marketing to and pulling onto their 352 00:19:57,680 --> 00:20:02,280 Speaker 1: Instagram platform children as young as eight years old, and 353 00:20:02,400 --> 00:20:05,560 Speaker 1: they have done research work looking at the type of 354 00:20:05,760 --> 00:20:13,320 Speaker 1: oline digital experience that children under age thirteen are interested 355 00:20:13,359 --> 00:20:16,600 Speaker 1: in having. Now, because of the Children's Online Privacy Act, 356 00:20:16,960 --> 00:20:21,000 Speaker 1: Facebook is not to market to or allow on their 357 00:20:21,040 --> 00:20:26,320 Speaker 1: platform any one under thirteen years of age. We also 358 00:20:26,400 --> 00:20:29,439 Speaker 1: have found out that they are data mining children that 359 00:20:29,520 --> 00:20:33,200 Speaker 1: are online. These thirteen to eighteen year olds their data 360 00:20:33,240 --> 00:20:37,560 Speaker 1: mining them, and we were really disappointed that the witness 361 00:20:37,640 --> 00:20:42,360 Speaker 1: today would not answer my question as to what they 362 00:20:42,400 --> 00:20:46,160 Speaker 1: are why they're collecting that data, how long do they 363 00:20:46,280 --> 00:20:50,240 Speaker 1: hold that data, how are they conducting the data mining, 364 00:20:50,680 --> 00:20:55,119 Speaker 1: how are they building a virtual image of that child 365 00:20:55,640 --> 00:20:59,200 Speaker 1: when they are own online? And do they do this 366 00:20:59,320 --> 00:21:04,280 Speaker 1: with per total consent and knowledge? And they're really not 367 00:21:04,400 --> 00:21:08,000 Speaker 1: able to answer that question. And we know from the 368 00:21:08,040 --> 00:21:11,959 Speaker 1: whistleblower documents that we've seen they don't answer that question 369 00:21:12,000 --> 00:21:15,840 Speaker 1: because we've caught them red handed. We've caught them doing this. 370 00:21:16,680 --> 00:21:21,359 Speaker 1: And even though they were saying that they have a 371 00:21:21,560 --> 00:21:26,760 Speaker 1: parental consent form signed, they were not able to tell 372 00:21:26,800 --> 00:21:30,399 Speaker 1: me who could supply that form, or what the form 373 00:21:30,520 --> 00:21:35,320 Speaker 1: consisted of or um. They just said they would take 374 00:21:35,359 --> 00:21:39,280 Speaker 1: some request back that we would like to see that form. 375 00:21:39,320 --> 00:21:42,080 Speaker 1: I said, no, we want that form submitted in the record. 376 00:21:42,480 --> 00:21:46,000 Speaker 1: I know not everyone is going to agree on this, Senator, 377 00:21:46,080 --> 00:21:47,960 Speaker 1: but what do you want to see happen? You told 378 00:21:48,000 --> 00:21:50,399 Speaker 1: Facebook today we don't trust you. Does this end up 379 00:21:50,400 --> 00:21:53,959 Speaker 1: an increased regulation through the form of legislation, Well, we 380 00:21:54,160 --> 00:21:57,960 Speaker 1: are already um preparing and Senator bluemans All and I 381 00:21:58,080 --> 00:22:02,160 Speaker 1: worked together last time RISK when I chaired the Technology 382 00:22:02,240 --> 00:22:05,879 Speaker 1: Task Force at Judiciary Committee where we each have a 383 00:22:05,920 --> 00:22:09,280 Speaker 1: seat and then we each have a seat at Commerce Committee, 384 00:22:09,640 --> 00:22:13,120 Speaker 1: and he is the chairman of Consumer Protection and I'm 385 00:22:13,160 --> 00:22:18,119 Speaker 1: the ranking member of that subcommittee. So we are working 386 00:22:18,160 --> 00:22:20,920 Speaker 1: on the issue of online privacy. There is now a 387 00:22:21,000 --> 00:22:25,760 Speaker 1: push to move forward with an online privacy bill, which 388 00:22:25,800 --> 00:22:30,960 Speaker 1: would be a federal standard, have some federal preemption in it, 389 00:22:31,080 --> 00:22:34,439 Speaker 1: which is needed. That's a good thing. There's also a 390 00:22:34,440 --> 00:22:38,479 Speaker 1: need for a federal data security standard. There are Section 391 00:22:38,600 --> 00:22:41,840 Speaker 1: to thirty reforms that are needed. And of course we 392 00:22:41,960 --> 00:22:47,480 Speaker 1: have some issues on anti trust that Senator Blumenthal and 393 00:22:47,600 --> 00:22:51,040 Speaker 1: I are working on. We have the Open Market Apps Bill, 394 00:22:51,840 --> 00:22:55,480 Speaker 1: which is a product that came out of the Apple 395 00:22:55,640 --> 00:23:00,440 Speaker 1: Epic games Um issue that that lawsuit is. We looked 396 00:23:00,440 --> 00:23:06,320 Speaker 1: at it and the ability to limit the app stores 397 00:23:06,720 --> 00:23:11,520 Speaker 1: ability to preferent their payment systems and to block the 398 00:23:11,640 --> 00:23:16,919 Speaker 1: purchaser of an app from having direct contact with the 399 00:23:17,000 --> 00:23:19,840 Speaker 1: innovator of that app. Like I said, this is important 400 00:23:19,840 --> 00:23:22,399 Speaker 1: to our listeners, not just investors, but also parents and 401 00:23:22,440 --> 00:23:25,080 Speaker 1: Senator Marshall Blackburn. We'd love to stay in touch with 402 00:23:25,119 --> 00:23:27,280 Speaker 1: you on where this goes. Thanks for being with us today, 403 00:23:27,320 --> 00:23:30,800 Speaker 1: Republican from Tennessee with us on Bloomberg Sound On. I 404 00:23:30,800 --> 00:23:34,240 Speaker 1: should note Facebook stock today down a fraction little less 405 00:23:34,240 --> 00:23:39,479 Speaker 1: than a quarter closed just over three dollars fifty two week. Hi, 406 00:23:40,560 --> 00:23:45,200 Speaker 1: it's been falling largely since that internal report was released. 407 00:23:45,840 --> 00:23:48,359 Speaker 1: We turned to Congressman Andy Levin, as I mentioned, a 408 00:23:48,400 --> 00:23:50,439 Speaker 1: Democrat from Michigan who's in the center of all this 409 00:23:50,560 --> 00:23:53,080 Speaker 1: right now, Congressmen, welcome, it's great to have you back 410 00:23:53,119 --> 00:23:55,159 Speaker 1: on Bloomberg Radio. I guess I should just start with 411 00:23:55,200 --> 00:23:57,480 Speaker 1: the obvious. Do you think there will be an infrastructure 412 00:23:57,560 --> 00:24:01,640 Speaker 1: vote tonight and how will you vote? Well? I don't 413 00:24:01,680 --> 00:24:05,120 Speaker 1: think there will, Joe Matthew, because uh, you know, we 414 00:24:06,359 --> 00:24:09,200 Speaker 1: you know, we haven't had an agreement, and we need 415 00:24:09,240 --> 00:24:13,880 Speaker 1: to have the President's agenda, the Build Back Better Agenda, 416 00:24:14,440 --> 00:24:17,159 Speaker 1: move through the Senate, and we don't even know, you know, 417 00:24:17,240 --> 00:24:20,960 Speaker 1: what what they're talking about over there. So, uh well, 418 00:24:21,040 --> 00:24:27,520 Speaker 1: I am all for the Infrastructure bill. For it, it 419 00:24:27,560 --> 00:24:31,160 Speaker 1: doesn't have any deadline like today we have. We had 420 00:24:31,200 --> 00:24:35,520 Speaker 1: to pass continuing resolution or the government would shut down, 421 00:24:36,040 --> 00:24:38,360 Speaker 1: and as you know, we have to find a solution 422 00:24:38,400 --> 00:24:42,480 Speaker 1: pretty darned quickly for the death ceiling or will risk 423 00:24:42,520 --> 00:24:45,680 Speaker 1: the full faith and credit the United States the infrastructure bill. 424 00:24:45,880 --> 00:24:50,359 Speaker 1: Any deadline is just manufactured and artificial. I am for it. 425 00:24:50,600 --> 00:24:53,600 Speaker 1: Every member of the Progressive Caucus is pledged to vote 426 00:24:53,640 --> 00:24:58,359 Speaker 1: for the President's infrastructure bill. We just need the vast 427 00:24:58,440 --> 00:25:01,080 Speaker 1: majority of his agenda, just in the Build Back Better 428 00:25:01,119 --> 00:25:04,320 Speaker 1: Act to move through the Senate. And that's what we're 429 00:25:04,359 --> 00:25:07,919 Speaker 1: looking for. Understood, Did Joe Manchin spoil the party? Then? Today? 430 00:25:07,920 --> 00:25:10,400 Speaker 1: And if the top line is one point five trillion, 431 00:25:10,560 --> 00:25:15,520 Speaker 1: does that fulfill the Biden agenda? No, it's not just 432 00:25:15,640 --> 00:25:18,480 Speaker 1: that his his number was so low. It was so 433 00:25:18,600 --> 00:25:22,120 Speaker 1: regressive on climate change issues. If you are talking about 434 00:25:22,160 --> 00:25:25,040 Speaker 1: his little manifesto or his little memo. I mean, this 435 00:25:25,160 --> 00:25:28,000 Speaker 1: is a person who represents the state with one point 436 00:25:28,320 --> 00:25:32,280 Speaker 1: seven nine million people. That is less than of the 437 00:25:32,359 --> 00:25:37,040 Speaker 1: population of Southeast Michigan. It's barely bigger than two of 438 00:25:37,520 --> 00:25:41,320 Speaker 1: Michigan's thirteen congressional districts on a going four basis, and 439 00:25:41,400 --> 00:25:43,800 Speaker 1: he is trying to dictate the whole thing. I mean, 440 00:25:44,119 --> 00:25:48,919 Speaker 1: we are for the bipartisan infrastructure bill, but we need 441 00:25:48,960 --> 00:25:52,919 Speaker 1: to work together to fulfill the president's vision. You know, 442 00:25:53,040 --> 00:25:55,720 Speaker 1: he came to the baseball game last night. He's that 443 00:25:55,800 --> 00:25:58,360 Speaker 1: and the dugout with us, and I said to him, sir, 444 00:25:58,600 --> 00:26:01,840 Speaker 1: we are fighting to get to get your fulsome vision 445 00:26:01,960 --> 00:26:05,040 Speaker 1: for what needs to happen in this country, for kids, 446 00:26:05,080 --> 00:26:07,800 Speaker 1: for working women, for families, and he said, you know, 447 00:26:07,880 --> 00:26:10,760 Speaker 1: he was so grateful. Jill Biden was in my district 448 00:26:10,840 --> 00:26:15,120 Speaker 1: last Friday with Secretary Cardona Uh, you know, talking about 449 00:26:15,200 --> 00:26:18,640 Speaker 1: the Free Community College Plan, which is my bill. And 450 00:26:18,720 --> 00:26:21,280 Speaker 1: so we've got to see do they include that in 451 00:26:21,320 --> 00:26:24,800 Speaker 1: the Senate. We've got to make sure that child care 452 00:26:25,080 --> 00:26:27,520 Speaker 1: for women so they can fully participate in all these 453 00:26:27,520 --> 00:26:32,240 Speaker 1: good jobs is included. That Medicaid expansion to the to 454 00:26:32,280 --> 00:26:35,960 Speaker 1: the states that haven't had it, improvens to the Affordable 455 00:26:36,000 --> 00:26:39,960 Speaker 1: Care Act, and and Medicare um you know, and and 456 00:26:40,040 --> 00:26:42,840 Speaker 1: so many other things are in here. And the actually 457 00:26:43,040 --> 00:26:48,080 Speaker 1: the Infrastructure bill by itself is climate change negative, whereas 458 00:26:48,119 --> 00:26:52,439 Speaker 1: the Build Back Better Act includes the biggest action in 459 00:26:52,560 --> 00:26:56,480 Speaker 1: US history and legislation to finally get moving to deal 460 00:26:56,560 --> 00:26:59,200 Speaker 1: with the problem of climate change. So these two bills 461 00:26:59,200 --> 00:27:01,800 Speaker 1: are both great. We've got to pass them together. And 462 00:27:01,880 --> 00:27:04,520 Speaker 1: that means we've got to have the Senate, you know, 463 00:27:04,560 --> 00:27:07,680 Speaker 1: really deal with the Build Back Better Act. If there 464 00:27:07,760 --> 00:27:10,920 Speaker 1: is a vote this evening on infrastructure and it fails, 465 00:27:11,560 --> 00:27:14,440 Speaker 1: does that jeopardize the whole agenda? Or will you be 466 00:27:14,720 --> 00:27:18,440 Speaker 1: unmoved by that. I'll be unmoved by it because I'll 467 00:27:18,440 --> 00:27:20,840 Speaker 1: tell you what, I'm ready to vote for it. I'm 468 00:27:20,880 --> 00:27:25,719 Speaker 1: not getting We we support the infrastructure program. We just 469 00:27:25,880 --> 00:27:29,000 Speaker 1: need for it to be paired with the bigger part 470 00:27:29,000 --> 00:27:31,800 Speaker 1: of the president's agenda. You know this, The whole deadline 471 00:27:31,840 --> 00:27:34,080 Speaker 1: around it in the timing is kind of a tempest 472 00:27:34,119 --> 00:27:36,920 Speaker 1: in a teapot, and it's all sort of artificially created. 473 00:27:37,560 --> 00:27:42,280 Speaker 1: I mean, nobody opposes it in in the Democratic Party, 474 00:27:42,400 --> 00:27:45,720 Speaker 1: and there's just a few people in the party who 475 00:27:45,760 --> 00:27:50,320 Speaker 1: have you know, insisted who don't support the president's bigger agenda, 476 00:27:50,800 --> 00:27:54,800 Speaker 1: which is lifting people out of poverty, which is creating 477 00:27:54,840 --> 00:27:58,680 Speaker 1: so many great union jobs by giving tax incentives for 478 00:27:58,840 --> 00:28:04,280 Speaker 1: people who buy electric vehicles. Um, you know, the larger 479 00:28:04,320 --> 00:28:07,800 Speaker 1: billback better Bill will be transformative for our country. And 480 00:28:07,920 --> 00:28:10,960 Speaker 1: let me just mention something, Joe Matthew, just real practical 481 00:28:11,040 --> 00:28:14,840 Speaker 1: politics in the last in the forty years before Joe 482 00:28:14,880 --> 00:28:19,159 Speaker 1: Biden became president, Democrats controlled the presidency, the House, and 483 00:28:19,200 --> 00:28:22,560 Speaker 1: the Senate for a grand total of four years, two 484 00:28:22,640 --> 00:28:26,560 Speaker 1: with President Clinton and too with President Obama. I submit 485 00:28:26,600 --> 00:28:29,720 Speaker 1: to you that we have not done enough during the 486 00:28:29,760 --> 00:28:32,639 Speaker 1: times we were in control for the to rebuild the 487 00:28:32,680 --> 00:28:36,480 Speaker 1: American people's faith in government that we can really deliver 488 00:28:36,600 --> 00:28:40,320 Speaker 1: for them and make their life affordable. Cut their taxes, 489 00:28:40,680 --> 00:28:44,080 Speaker 1: not the richest people's taxes, you know, make a college 490 00:28:44,080 --> 00:28:47,160 Speaker 1: affordable for them. And if we do that right now, 491 00:28:47,640 --> 00:28:53,480 Speaker 1: we can buck history and actually win in save our 492 00:28:53,520 --> 00:28:57,160 Speaker 1: democracy and put our economy on a much healthier basis. 493 00:28:57,200 --> 00:28:59,720 Speaker 1: Are you more upset with and I don't mean to 494 00:28:59,800 --> 00:29:03,120 Speaker 1: use the wrong word, more concerned with your moderate Democratic 495 00:29:03,160 --> 00:29:07,680 Speaker 1: colleagues or Republicans in moving this agenda forward? We're spending 496 00:29:07,720 --> 00:29:13,920 Speaker 1: so much time talking about inter party fighting in trust party. Yeah, no, 497 00:29:14,320 --> 00:29:17,040 Speaker 1: I mean the moderates are all for this. It's the 498 00:29:17,160 --> 00:29:20,959 Speaker 1: it's the most conservative Democrats who are who are you know, 499 00:29:21,280 --> 00:29:25,480 Speaker 1: to some extent maybe resisting it. But here's the thing, 500 00:29:26,920 --> 00:29:30,680 Speaker 1: I'm not mad at anybody. I mean, I support Joe 501 00:29:30,720 --> 00:29:34,280 Speaker 1: Biden's agenda and I'm bound and determined to help him 502 00:29:34,360 --> 00:29:37,760 Speaker 1: get it through in a folesome way, and I feel 503 00:29:37,960 --> 00:29:41,400 Speaker 1: sure that we will get it done. We don't have 504 00:29:41,600 --> 00:29:45,400 Speaker 1: an artificial deadline on passing this infrastructure built. We're going 505 00:29:45,440 --> 00:29:48,760 Speaker 1: to do it. And what we need to do the 506 00:29:49,120 --> 00:29:51,720 Speaker 1: problem that's more. The part of it that's more of 507 00:29:51,720 --> 00:29:54,760 Speaker 1: a problem to solve is how what are we going 508 00:29:54,800 --> 00:29:58,040 Speaker 1: to come to agreement on on the Build Back Better part? 509 00:29:58,440 --> 00:30:00,720 Speaker 1: And you know what, Joe Matthews, that the part that 510 00:30:00,800 --> 00:30:05,000 Speaker 1: has the more immediate assistance and the more immediate funding 511 00:30:05,560 --> 00:30:10,520 Speaker 1: for the American people, and it also includes serious infrastructure. 512 00:30:10,680 --> 00:30:15,080 Speaker 1: For example, tens of billions of dollars for school construction 513 00:30:15,240 --> 00:30:19,480 Speaker 1: to help rebuild our trumbling schools. That's good jobs, union job. 514 00:30:20,040 --> 00:30:23,640 Speaker 1: But you've got moderates threatening to sink the reconciliation bill 515 00:30:23,680 --> 00:30:26,560 Speaker 1: if they don't get the infrastructure bill in speaking of yes, 516 00:30:26,600 --> 00:30:32,560 Speaker 1: intro party fighting, that's that's a problem for Democrats. Yes, well, 517 00:30:32,560 --> 00:30:35,240 Speaker 1: so I think since there's this is what I would 518 00:30:35,240 --> 00:30:38,240 Speaker 1: simply submit to you. Since we all pretty much agree 519 00:30:38,400 --> 00:30:43,360 Speaker 1: agree on the infrastructure bill, let's work out our differences 520 00:30:43,440 --> 00:30:46,240 Speaker 1: in past the Build Back Better Act in a way 521 00:30:46,280 --> 00:30:49,440 Speaker 1: that we can all agree on, and then the infrastructure 522 00:30:49,520 --> 00:30:52,560 Speaker 1: bill will sail right through. And that's a good way 523 00:30:52,560 --> 00:30:55,920 Speaker 1: to get them both done. Obviously, some of us, uh 524 00:30:56,280 --> 00:30:59,640 Speaker 1: progressives really most of the of the party feel like, 525 00:31:00,040 --> 00:31:03,120 Speaker 1: how do you trust the Senate? Look, Joe Manchin voted 526 00:31:03,200 --> 00:31:06,800 Speaker 1: for Christian Cinema voted for the three point five trillion 527 00:31:06,800 --> 00:31:09,560 Speaker 1: dollar budget resolution. Then they turned around and say, oh, 528 00:31:09,640 --> 00:31:12,680 Speaker 1: we were kidding we it can't be half that big. 529 00:31:13,240 --> 00:31:16,440 Speaker 1: So wait and then Joe, Joe Matthew, there's just the 530 00:31:17,200 --> 00:31:20,959 Speaker 1: process point right in the House, when we have passed 531 00:31:21,000 --> 00:31:23,520 Speaker 1: bills through our committees, as we did, we marked up 532 00:31:23,520 --> 00:31:25,520 Speaker 1: our parts of build back better. They vot to the 533 00:31:25,560 --> 00:31:27,680 Speaker 1: budget committee. You know what the finals think is going 534 00:31:27,720 --> 00:31:30,360 Speaker 1: to be in the Senate right, the way they do things, 535 00:31:30,560 --> 00:31:32,720 Speaker 1: even when it gets to the floor, they have those 536 00:31:32,800 --> 00:31:38,239 Speaker 1: voter rama sessions where it could change completely exactly. So 537 00:31:38,280 --> 00:31:40,520 Speaker 1: we're up against the time here. But just I love 538 00:31:40,560 --> 00:31:42,560 Speaker 1: the way you say my name, Congressman. I wish I 539 00:31:42,600 --> 00:31:44,600 Speaker 1: had told you my middle name I have. There are 540 00:31:44,680 --> 00:31:52,240 Speaker 1: three biblical names, Joe, Michael Matthew. He's not with us anymore, 541 00:31:52,680 --> 00:31:57,360 Speaker 1: Andy Levin. I love you for it, Congressman from Michigan Democrat. 542 00:31:57,400 --> 00:31:59,720 Speaker 1: A little sense of what's going on inside the party. 543 00:32:00,960 --> 00:32:05,600 Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg. 544 00:32:05,640 --> 00:32:11,840 Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. That's 545 00:32:11,920 --> 00:32:14,479 Speaker 1: Joe Matthew to you, and thanks for being with us 546 00:32:14,520 --> 00:32:18,000 Speaker 1: on Bloomberg Sound On. I just love that again. Listen 547 00:32:18,000 --> 00:32:20,480 Speaker 1: to the congressman all day, and many thanks to the 548 00:32:20,520 --> 00:32:22,520 Speaker 1: Congressman Andy Levin for being with us. He made a 549 00:32:22,520 --> 00:32:25,000 Speaker 1: little bit of news here. If you were just with us, 550 00:32:25,040 --> 00:32:27,840 Speaker 1: you heard the Democrat from Michigan, a progressive, say that 551 00:32:27,880 --> 00:32:31,920 Speaker 1: he does not see an infrastructure vote happening tonight, and 552 00:32:31,960 --> 00:32:35,479 Speaker 1: that would be consistent with progressives we've heard from today, 553 00:32:36,560 --> 00:32:39,760 Speaker 1: including the chair of the Progressive Caucus in the House. 554 00:32:39,920 --> 00:32:43,800 Speaker 1: We're joined by the panel as we reassemble for our 555 00:32:43,800 --> 00:32:48,320 Speaker 1: final block here Bloomberg Politics contributors Jeanie Chanzano and Rick Davis. 556 00:32:48,320 --> 00:32:50,640 Speaker 1: I know you were both listening to that conversation. Jeannie, 557 00:32:50,680 --> 00:32:52,600 Speaker 1: do you do you think they'll be a vote after 558 00:32:52,640 --> 00:32:55,360 Speaker 1: what you just heard? Joe Matthew, that is what I've 559 00:32:55,400 --> 00:32:57,480 Speaker 1: got to call you from now on. I love it. Um. 560 00:32:57,520 --> 00:33:00,760 Speaker 1: You know, I do not think there will be a vote, 561 00:33:00,800 --> 00:33:04,120 Speaker 1: and if there is, you've got to imagine that she's 562 00:33:04,160 --> 00:33:08,160 Speaker 1: either struck some deals some Republicans have decided they're going 563 00:33:08,200 --> 00:33:12,040 Speaker 1: to buck their their leader, or you know, she has 564 00:33:12,040 --> 00:33:14,880 Speaker 1: struck deals and the numbers just don't add up. Either 565 00:33:14,960 --> 00:33:17,440 Speaker 1: that or she goes against her own public and private 566 00:33:17,480 --> 00:33:20,360 Speaker 1: promise not to hold a vote without it. So I 567 00:33:20,720 --> 00:33:24,000 Speaker 1: was not surprised when Representative Levin said they wouldn't hold 568 00:33:24,040 --> 00:33:26,840 Speaker 1: a vote likely, I am surprised that she continues to 569 00:33:26,920 --> 00:33:29,959 Speaker 1: suggest they might, which you know, you can't bet against 570 00:33:30,120 --> 00:33:32,760 Speaker 1: Nancy Pelosi. Maybe she's got something of her upper sleeve. 571 00:33:32,840 --> 00:33:34,640 Speaker 1: But I just can't imagine at this point what it 572 00:33:34,720 --> 00:33:37,480 Speaker 1: might be. Heard a lot about her whipping skills over 573 00:33:37,520 --> 00:33:40,240 Speaker 1: the last couple of weeks here, Rick, you know a 574 00:33:40,240 --> 00:33:43,160 Speaker 1: lot about them too. Is she just going member by 575 00:33:43,200 --> 00:33:47,160 Speaker 1: member right now trying to figure out if this is possible. Absolutely, 576 00:33:47,240 --> 00:33:49,720 Speaker 1: she's got her whipped list, and she's got her leadership 577 00:33:49,760 --> 00:33:53,280 Speaker 1: out there twisting arms. I think the the interview you 578 00:33:53,320 --> 00:33:56,920 Speaker 1: did Joe Matthew with any Levin was really interesting because 579 00:33:56,920 --> 00:33:58,960 Speaker 1: he's not a part of the squad, right, I mean, 580 00:33:59,080 --> 00:34:02,160 Speaker 1: that's right. She's beat the squad every time they've had 581 00:34:02,200 --> 00:34:05,520 Speaker 1: an impass and and so her record is unblemished. She 582 00:34:05,560 --> 00:34:09,080 Speaker 1: can beat the squad. But when other progressives and I 583 00:34:09,080 --> 00:34:12,200 Speaker 1: wouldn't even say and he's a liberal, he's a progressive 584 00:34:12,440 --> 00:34:15,320 Speaker 1: when he isn't willing to walk the plank for the speaker. 585 00:34:15,719 --> 00:34:18,120 Speaker 1: I think she's she might have a problem. Maybe she's 586 00:34:18,160 --> 00:34:22,759 Speaker 1: got his genie said uh chan Zano, uh ah, an 587 00:34:22,800 --> 00:34:25,279 Speaker 1: ability to pull some of these Republican votes. Maybe her 588 00:34:25,440 --> 00:34:28,799 Speaker 1: count is higher than a dozen. But um, I think 589 00:34:28,800 --> 00:34:31,560 Speaker 1: it's like, you know, showdown at Okay choral tonight. I 590 00:34:31,640 --> 00:34:35,640 Speaker 1: can't wait to see when the revolvers come out. Well, 591 00:34:35,680 --> 00:34:38,000 Speaker 1: I'll tell you what, if it's not tonight, it's gonna 592 00:34:38,080 --> 00:34:40,719 Speaker 1: be a working weekend. It sounded like when we heard 593 00:34:40,760 --> 00:34:43,399 Speaker 1: from Jensaki a little bit earlier at the White House. 594 00:34:43,520 --> 00:34:47,520 Speaker 1: We're open, he's available. Uh. He's been making calls this morning. 595 00:34:48,040 --> 00:34:50,680 Speaker 1: He's open to having visitors, he's open to going places. 596 00:34:50,920 --> 00:34:53,080 Speaker 1: But we're gonna make those decisions hour by hour. So 597 00:34:53,320 --> 00:34:55,560 Speaker 1: the weekends a little bit away. But I will tell 598 00:34:55,560 --> 00:34:59,480 Speaker 1: you that this is the President's top priority right now. Jennie, 599 00:34:59,680 --> 00:35:03,479 Speaker 1: he wrought ice cream bars. So the congressional baseball game 600 00:35:03,600 --> 00:35:05,480 Speaker 1: last night. I had a mole at the game. I 601 00:35:05,560 --> 00:35:08,040 Speaker 1: was actually watching it on TV, like so many's got it. 602 00:35:08,120 --> 00:35:11,520 Speaker 1: They make it so easy. Now, see Nancy Pelosi working 603 00:35:11,520 --> 00:35:14,560 Speaker 1: the phones in the stands while Joe Biden's handing out 604 00:35:14,600 --> 00:35:16,680 Speaker 1: ice cream bars in the dugouts. I mean, is this 605 00:35:16,719 --> 00:35:19,440 Speaker 1: what it's come to. Those better be some really good 606 00:35:19,480 --> 00:35:22,000 Speaker 1: ice cream bars so he can get these people whipped 607 00:35:22,000 --> 00:35:24,640 Speaker 1: into shape. Um, it has come to that, you know. 608 00:35:24,719 --> 00:35:26,680 Speaker 1: I give him credit. One of the things we remember, 609 00:35:26,719 --> 00:35:30,759 Speaker 1: we heard often about his Democratic predecessor, Barack Obama, was 610 00:35:30,800 --> 00:35:33,160 Speaker 1: he didn't do enough of that sort of cajoling and 611 00:35:33,200 --> 00:35:36,000 Speaker 1: you know, the sort of visits and you know, meetings, um, 612 00:35:36,000 --> 00:35:37,919 Speaker 1: you know, and sort of hanging out if you will. 613 00:35:38,239 --> 00:35:40,879 Speaker 1: Joe Biden does that. He seems to love to do it. 614 00:35:41,239 --> 00:35:43,200 Speaker 1: But I don't think it's going to be enough, you know, 615 00:35:43,440 --> 00:35:45,360 Speaker 1: I don't think we reflect often on the fact that 616 00:35:45,400 --> 00:35:48,560 Speaker 1: what the Democrats are trying to do, you know, even 617 00:35:48,600 --> 00:35:52,480 Speaker 1: at the low three point five trillion dollars, is an enormous, 618 00:35:52,719 --> 00:35:55,840 Speaker 1: enormous change to the structure of our system and the 619 00:35:55,880 --> 00:35:59,680 Speaker 1: amount of spending we've ever even imagined in the United States. 620 00:35:59,760 --> 00:36:03,279 Speaker 1: You know, last infrastructure bill passed was very very much 621 00:36:03,320 --> 00:36:06,120 Speaker 1: short of one trillion dollars. So you imagine that, and 622 00:36:06,160 --> 00:36:09,440 Speaker 1: they're trying to push this through and they simply don't 623 00:36:09,520 --> 00:36:13,520 Speaker 1: have the numbers like an FDR or lb J did. 624 00:36:13,760 --> 00:36:17,120 Speaker 1: I was looking today. Lb J had hundred and nine 625 00:36:17,320 --> 00:36:19,680 Speaker 1: six votes to spare in some years when he was 626 00:36:19,719 --> 00:36:23,600 Speaker 1: in office. You know that FDR rather LBJ fifty five 627 00:36:23,640 --> 00:36:26,759 Speaker 1: at the high Nancy Pelosi is dealing with almost nothing 628 00:36:26,800 --> 00:36:30,320 Speaker 1: in terms of a margin, and Chuck Schumer has absolutely zero. 629 00:36:30,640 --> 00:36:34,319 Speaker 1: So they're trying to fit you know, something enormous with 630 00:36:34,480 --> 00:36:37,280 Speaker 1: very little margin. And that is you know, a really 631 00:36:37,320 --> 00:36:39,360 Speaker 1: really difficult thing to do, as we all know, and 632 00:36:39,440 --> 00:36:42,000 Speaker 1: makes it almost impossible to imagine they can get it 633 00:36:42,040 --> 00:36:43,799 Speaker 1: done in the next day or so. Rick. It makes 634 00:36:43,800 --> 00:36:46,759 Speaker 1: me picture Joe Biden, you know, walking the walk in 635 00:36:46,800 --> 00:36:49,480 Speaker 1: the halls of the White House at night, looking up 636 00:36:49,480 --> 00:36:53,000 Speaker 1: at the portraits. Lyndon, I only have three to work with, 637 00:36:53,960 --> 00:36:58,560 Speaker 1: but I understand to be clear, they were Dove vanilla 638 00:36:58,600 --> 00:37:02,040 Speaker 1: ice cream bars, didn't milk chocolate. That he there would 639 00:37:02,040 --> 00:37:04,680 Speaker 1: have special rapper with the White House the presidential seal 640 00:37:04,719 --> 00:37:07,120 Speaker 1: on it. I guess it didn't move a lot of people, Rick, 641 00:37:07,640 --> 00:37:09,239 Speaker 1: So so what do you do? You take the ice 642 00:37:09,280 --> 00:37:12,040 Speaker 1: cream mountain and put the fancy rapper in your pocket. 643 00:37:12,160 --> 00:37:15,439 Speaker 1: I don't know, you know, someone did, yeah, you know, look, 644 00:37:15,440 --> 00:37:17,200 Speaker 1: I mean, if they weren't gluten free, they probably did 645 00:37:17,200 --> 00:37:20,879 Speaker 1: an appeal to the Progressive Caucus UM look, I think 646 00:37:20,920 --> 00:37:24,120 Speaker 1: the most I think the most amazing thing right now 647 00:37:24,400 --> 00:37:27,040 Speaker 1: is that that you have this release of this agreement 648 00:37:27,080 --> 00:37:30,680 Speaker 1: to start the budget resolution between Joe Manchin and Chuck Summer. 649 00:37:31,040 --> 00:37:33,560 Speaker 1: It says very clearly here the things I'm willing to do. 650 00:37:33,680 --> 00:37:39,600 Speaker 1: It was signed in July of earlier this summer, and 651 00:37:39,680 --> 00:37:43,239 Speaker 1: like we've now spent two months talking about something that 652 00:37:43,320 --> 00:37:47,040 Speaker 1: was already been decided. He has a top line number. 653 00:37:47,080 --> 00:37:49,359 Speaker 1: It was always one point five. He has a list 654 00:37:49,440 --> 00:37:52,200 Speaker 1: of policies that he's willing to vote for. And we 655 00:37:52,239 --> 00:37:54,279 Speaker 1: have to believe the President knew this that whole time, 656 00:37:54,360 --> 00:37:57,160 Speaker 1: right well, he had to know it, Pelosi had to 657 00:37:57,200 --> 00:37:59,040 Speaker 1: know it, Schummer had to know it. And we've had 658 00:37:59,040 --> 00:38:01,920 Speaker 1: this charade that all of a sudden that you know, 659 00:38:02,280 --> 00:38:05,600 Speaker 1: the Emperor has no clothes. I mean, they've known about this. 660 00:38:05,600 --> 00:38:08,160 Speaker 1: This was not a secret, and they've kept it secret 661 00:38:08,480 --> 00:38:11,000 Speaker 1: because they couldn't get anybody else to go along with 662 00:38:11,040 --> 00:38:13,800 Speaker 1: this number. And so I gotta tell you, I'm sure 663 00:38:13,840 --> 00:38:15,920 Speaker 1: the squad is up in arms when they saw this 664 00:38:16,000 --> 00:38:19,160 Speaker 1: today and said, oh my god, we've been tooled. All along. 665 00:38:19,200 --> 00:38:21,520 Speaker 1: They kept saying they'd be for one point five. And 666 00:38:21,520 --> 00:38:23,760 Speaker 1: there's a sign documents saying if we can get started 667 00:38:23,760 --> 00:38:26,480 Speaker 1: on this at one point five, you know, they they 668 00:38:26,560 --> 00:38:29,920 Speaker 1: then then we'll get started on reconciliation. So I think 669 00:38:29,960 --> 00:38:32,239 Speaker 1: there's a lot of recrimination and that may affect the 670 00:38:32,280 --> 00:38:35,640 Speaker 1: vote tonight. Uh, people probably aren't in the best vote 671 00:38:35,760 --> 00:38:37,520 Speaker 1: or in the best mood. And yeah, I think you're right, 672 00:38:37,680 --> 00:38:40,680 Speaker 1: Joe Matthew. I don't think Nancy Pelosi takes a vote 673 00:38:40,760 --> 00:38:43,680 Speaker 1: unless it's a vote to win. Is that fair? Genie? 674 00:38:43,680 --> 00:38:46,080 Speaker 1: An emperor with no clothes? I mean, as as as 675 00:38:46,200 --> 00:38:49,040 Speaker 1: Nancy Pelosi indeed, but also Jensaki says from the White House, 676 00:38:49,360 --> 00:38:52,120 Speaker 1: this is a negotiation. Sure he started there, maybe he'll move, 677 00:38:52,760 --> 00:38:54,240 Speaker 1: you know. I don't know if i'd say an emperor 678 00:38:54,280 --> 00:38:57,600 Speaker 1: without any clothes, but I would say again, questions about 679 00:38:57,680 --> 00:39:00,800 Speaker 1: the strategy back to this summer. I mean, we can't 680 00:39:00,840 --> 00:39:04,600 Speaker 1: forget that the administration, the president stood up and claimed 681 00:39:04,600 --> 00:39:07,839 Speaker 1: a sort of victory as this bipartisan bill passed and 682 00:39:07,880 --> 00:39:11,520 Speaker 1: then linked the two together. And that to me, knowing 683 00:39:11,600 --> 00:39:14,160 Speaker 1: what we know now about that top line number, I 684 00:39:14,200 --> 00:39:16,400 Speaker 1: think there are a lot of questions to ask about 685 00:39:16,480 --> 00:39:20,000 Speaker 1: that strategy. The other fascinating thing about this is you're 686 00:39:20,040 --> 00:39:23,560 Speaker 1: still hearing progressives and moderates both claimed they are doing 687 00:39:23,680 --> 00:39:26,600 Speaker 1: Joe Biden's bidding, And I think at some point the 688 00:39:26,600 --> 00:39:30,280 Speaker 1: administration is going to have to answer who's bidding. Who's 689 00:39:30,320 --> 00:39:32,120 Speaker 1: really doing the bidding? Is that the progressives are the 690 00:39:32,120 --> 00:39:34,279 Speaker 1: moderates because it can't be both because they are too 691 00:39:34,320 --> 00:39:36,799 Speaker 1: far apart on this thing. He hasn't wanted to say 692 00:39:36,840 --> 00:39:39,120 Speaker 1: that publicly, but he's at least going to have to 693 00:39:39,160 --> 00:39:41,319 Speaker 1: make that clear at some point. I think there's a 694 00:39:41,320 --> 00:39:43,520 Speaker 1: lot there, Genie, what do you think about that? Rick? 695 00:39:43,600 --> 00:39:45,560 Speaker 1: Is it time for Joe Biden to come out and 696 00:39:45,600 --> 00:39:48,279 Speaker 1: plant the flag somewhere on this? I mean, he is 697 00:39:48,360 --> 00:39:51,680 Speaker 1: known as the moderate, the old moderate who spent so 698 00:39:51,719 --> 00:39:54,520 Speaker 1: many years in the Senate, but he's got a progressive 699 00:39:54,600 --> 00:39:59,080 Speaker 1: economic agenda that the squad thinks they're moving forward. Yeah. 700 00:39:59,080 --> 00:40:01,960 Speaker 1: I think, Jennie spot On, I think what's missing here 701 00:40:02,239 --> 00:40:04,560 Speaker 1: is leadership from the White House. I mean, you gotta 702 00:40:04,640 --> 00:40:07,040 Speaker 1: you gotta pick where you're gonna land. Uh. The one 703 00:40:07,400 --> 00:40:10,560 Speaker 1: fundamental thing about politics in Washington is you gotta know 704 00:40:10,560 --> 00:40:12,440 Speaker 1: who your friends are, and you gotta know who's on 705 00:40:12,480 --> 00:40:15,879 Speaker 1: the opposite side. And he refuses to take that make 706 00:40:15,920 --> 00:40:19,080 Speaker 1: that choice. And and then nothing happens. And that's what 707 00:40:19,120 --> 00:40:22,719 Speaker 1: we're seeing right now, nothing happening until he says this 708 00:40:22,760 --> 00:40:25,440 Speaker 1: is what I want, and I want the leadership in Congress, 709 00:40:25,719 --> 00:40:28,160 Speaker 1: Chuck Schumer and Nancy Pelosi to get it for me. 710 00:40:28,920 --> 00:40:30,600 Speaker 1: They're not going to be able to move beyond where 711 00:40:30,600 --> 00:40:33,440 Speaker 1: they are today. There could be more meetings. We understand 712 00:40:33,480 --> 00:40:36,320 Speaker 1: the President, as you just heard from Jen Psaki, willing 713 00:40:36,360 --> 00:40:40,520 Speaker 1: to go anywhere, willing to entertain anyone. Is it going 714 00:40:40,560 --> 00:40:42,799 Speaker 1: to be a burning of the midnight oil at the 715 00:40:42,840 --> 00:40:46,239 Speaker 1: White House then? Instead of the House Genie, it could 716 00:40:46,320 --> 00:40:48,200 Speaker 1: be you know, Kristen Cinema, I'm not sure. I think 717 00:40:48,200 --> 00:40:50,200 Speaker 1: we've lost count how many times she seems to have 718 00:40:50,320 --> 00:40:53,120 Speaker 1: visited the White House in she's ready to move in. 719 00:40:53,360 --> 00:40:56,000 Speaker 1: I'm not sure what has come of that. Um, you know, 720 00:40:56,320 --> 00:40:58,920 Speaker 1: I do think that, you know, we could be seeing 721 00:40:59,320 --> 00:41:02,680 Speaker 1: the President potentially go up to the Hill at some point. 722 00:41:02,960 --> 00:41:06,120 Speaker 1: But again, the President is going to have to be 723 00:41:06,200 --> 00:41:09,239 Speaker 1: clear does he want a win on this bipartisan bill. 724 00:41:09,280 --> 00:41:12,400 Speaker 1: He ran as a moderate, He ran saying he was 725 00:41:12,440 --> 00:41:14,279 Speaker 1: going to reach across the aisle, and you know what, 726 00:41:14,360 --> 00:41:17,640 Speaker 1: he did that in the Senate and the problem has 727 00:41:17,680 --> 00:41:22,200 Speaker 1: been this coupling together and giving the Progressives room to 728 00:41:22,239 --> 00:41:23,920 Speaker 1: say we're not going to go for that. So I 729 00:41:23,920 --> 00:41:25,879 Speaker 1: think he is going to have to stand up and 730 00:41:25,920 --> 00:41:28,440 Speaker 1: say this is at least tell his members, this is 731 00:41:28,520 --> 00:41:30,480 Speaker 1: what we need to do. We've got to get a 732 00:41:30,560 --> 00:41:32,480 Speaker 1: victory on the table if we're going to live to 733 00:41:32,480 --> 00:41:34,880 Speaker 1: fight another day. And we still haven't seen him do 734 00:41:34,920 --> 00:41:37,520 Speaker 1: that yet. Would it matter, as as as a creature 735 00:41:37,640 --> 00:41:40,320 Speaker 1: of the hill Rick Davis, you can go ahead and 736 00:41:40,320 --> 00:41:43,239 Speaker 1: take a drink. Would it matter if President Biden went 737 00:41:43,239 --> 00:41:46,560 Speaker 1: out there in person and started talking publicly to members. 738 00:41:48,280 --> 00:41:50,239 Speaker 1: It's probably too late for the House vote if there's 739 00:41:50,239 --> 00:41:52,960 Speaker 1: going to be one tonight. Um, But yeah, absolutely. I 740 00:41:52,960 --> 00:41:55,279 Speaker 1: mean just the drama the President United States, you know, 741 00:41:55,320 --> 00:41:57,880 Speaker 1: going up to his old haunt in the Senate or 742 00:41:57,920 --> 00:41:59,959 Speaker 1: in the House. Uh. And I think that's the point 743 00:42:00,040 --> 00:42:03,480 Speaker 1: Jensaki was making, is that he is actually prepared to 744 00:42:03,520 --> 00:42:06,920 Speaker 1: do just about anything it takes. The question is, you know, 745 00:42:07,480 --> 00:42:10,280 Speaker 1: what is that strategy? Is he trying to get Mansion 746 00:42:10,440 --> 00:42:12,520 Speaker 1: to cave or is he trying to get the rest 747 00:42:12,600 --> 00:42:15,440 Speaker 1: of the squad to get closer to where Mansion is. 748 00:42:15,560 --> 00:42:18,520 Speaker 1: Right now, they've just let everybody go their own way. 749 00:42:18,600 --> 00:42:21,680 Speaker 1: I mean, I'm fascinated by all these meetings with Christen 750 00:42:21,719 --> 00:42:23,680 Speaker 1: Cinema over at the White House. I mean she must 751 00:42:23,680 --> 00:42:26,120 Speaker 1: be getting like free hot dogs and you know it's 752 00:42:26,120 --> 00:42:30,279 Speaker 1: just French fries, it's the dove bars and and and 753 00:42:30,360 --> 00:42:33,399 Speaker 1: so so, like what's happening there. I mean usually that 754 00:42:33,480 --> 00:42:36,560 Speaker 1: actually has an impact. They walk out. What senator doesn't 755 00:42:36,560 --> 00:42:38,480 Speaker 1: go on the south lawn and have a press conference 756 00:42:38,840 --> 00:42:43,080 Speaker 1: even with the president, you know where? Think right? So, 757 00:42:43,080 --> 00:42:45,880 Speaker 1: so I think that this, this what they're doing now 758 00:42:46,080 --> 00:42:49,600 Speaker 1: is not working, and it's evidenced by today, and it's 759 00:42:49,600 --> 00:42:53,040 Speaker 1: going to be evident by the lack of progress on 760 00:42:53,040 --> 00:42:55,840 Speaker 1: a reconciliation bill in the coming weeks. And so the 761 00:42:55,920 --> 00:43:00,279 Speaker 1: President himself, as Jeannie Chanzano has already remarked, to get 762 00:43:00,320 --> 00:43:02,880 Speaker 1: out there and put his own politics on the line. 763 00:43:03,719 --> 00:43:09,920 Speaker 1: Rick Davis, Jeanie Schanzano, I'm Joe Matthew, and thanks to 764 00:43:09,960 --> 00:43:13,799 Speaker 1: Andy Levin for being with us, Marsha Blackburn for the 765 00:43:13,840 --> 00:43:17,480 Speaker 1: fastest hour in politics. I learned a lot and I 766 00:43:17,520 --> 00:43:19,839 Speaker 1: still don't know what's gonna happen tonight. So stay here 767 00:43:19,880 --> 00:43:22,560 Speaker 1: on Bloomberg ready, I'll meet you back here this time tomorrow. 768 00:43:23,560 --> 00:43:25,400 Speaker 1: I'm Joe Matthew. This is Bloomberg