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

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Speaker 1: Where you stand depends on where you sit, and if

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Speaker 1: you're sitting in the Oval office, these were great numbers.

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Speaker 1: Over the course of my presidency. Our recovery has now

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Speaker 1: created seven point nine million jobs. Bloomberg Sound on Politics,

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Speaker 1: Policy and perspective from DC's top name. If we're going

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Speaker 1: to actually have to make a decision within the Rebulican

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Speaker 1: Party whether they are going to tolerate this kind of thing.

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Speaker 1: They are trying to do what Democrats have been asking

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Speaker 1: them to get out there and do something about the

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Speaker 1: price of gas. Sloomberg Sound On with Joe Matthew on

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Speaker 1: Bloomberg Radio. As you reach the threshold of the weekend

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Speaker 1: with good news on jobs. Welcome to the fastest hour

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Speaker 1: in politics. As we keep our focus on the economy.

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Speaker 1: This hour had a conversation with Missouri Congressman Jason Smith.

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Speaker 1: Is it possible to have rising wages and keep inflation

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Speaker 1: under control? Will ask Smith, the top ranking Republican on

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Speaker 1: the House Budget Committee. You can forget tax reform for

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Speaker 1: another year, so says Ed Mills. Washington policy analyst at

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Speaker 1: Raymond James will be with us later this hour and

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Speaker 1: the panel today. Bloomberg Politics contributed Republican strategist Rick Davis,

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Speaker 1: along with Joe Crowley, the former Democratic congressman from New York.

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Speaker 1: The reading on jobs this morning, good news for the

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Speaker 1: White House. Pay rolls up four thirty one thousand, big

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Speaker 1: upward revision for February, and unemployment rate of three point

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Speaker 1: six percent. President Biden strides out before the cameras, spoke

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Speaker 1: from the White House to play up the good news.

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Speaker 1: Here he is. Over the course of my presidency, our

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Speaker 1: recovery has now created seven point nine million jobs, more

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Speaker 1: jobs created over the first fourteen months of any presidency

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Speaker 1: in any term ever. And that's striking. But what's even

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Speaker 1: more striking is this. In March, unemployment rate fell to

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Speaker 1: three point six down from six point four when I

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Speaker 1: took office about fifteen months ago, the fastest decline in

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Speaker 1: unemployment to start a president's term ever recorded. So good

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Speaker 1: for the White House. You look inside the report, wages

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Speaker 1: still rising four tenths of a percent from a month earlier,

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Speaker 1: more than five and a half percent from a year ago.

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Speaker 1: This is a number of people were watching closely. The

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Speaker 1: President talked about this too. Here he is again. People

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Speaker 1: are making more money, They're finding better jobs, and after

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Speaker 1: decades of being mistreated and paid too little, more and

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Speaker 1: more American workers have real power now to get better

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Speaker 1: wages and to do what's best for themselves and their families.

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Speaker 1: Some people see that as a problem. We've had this

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Speaker 1: discussion in the past. I don't have I see it

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Speaker 1: as long overdue. Indeed, not everybody sees it the same way.

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Speaker 1: So I asked Bloombergs Mike McKee to help explain. He's

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Speaker 1: been down here in Washington the last couple of days.

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Speaker 1: He was here for Jobs Day. Here he is it's

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Speaker 1: the old Miles law rufus. Miles worked at the Bureau

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Speaker 1: of the Budget in the nineties, and he said, where

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Speaker 1: you stand depends on where you sit. If you're think

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Speaker 1: at the White House, this is great news, and you

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Speaker 1: hope that the public absorbs it, at least until they

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Speaker 1: go to the gas bump. If you're at the Federal

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Speaker 1: Reservoir on Wall Street, you're worried because it is the

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Speaker 1: possibility does exist that you're contributing to inflation. So you've

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Speaker 1: got the inflationary concern. You've also got concerns about participation,

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Speaker 1: as discussed today with Labor Secretary Marty Walsh on Bloomberg.

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Speaker 1: Here he is, and we think about moving forward into two.

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Speaker 1: You know, one point six million people still need to

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Speaker 1: return back to the workforce. How do we get them

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Speaker 1: those folks back to work? How do we make sure

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Speaker 1: that that labor participation number goes up? Certainly there's still

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Speaker 1: jobs open the United States. That's one of the things

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Speaker 1: I'm not taking away from their point. I'm very excited

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Speaker 1: about the report, but but I think we're thinking about here,

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Speaker 1: how do we move forward? Springing Congressman Jason Smith of

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Speaker 1: Missouri with all of this in mind. He's ranking Republican

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Speaker 1: on the House Budget Committee, just days after the President,

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Speaker 1: of course, dropped his budget. Congressman, welcome back to Bloomberg.

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Speaker 1: It's great. We've been talking jobs since eight thirty. This

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Speaker 1: more another pretty solid report here. I wonder, though, if

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Speaker 1: you look at this as good news with more hiring,

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Speaker 1: higher wages for people, or bad news because a type

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Speaker 1: market with rising wages means more inflation and higher interest

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Speaker 1: rates from the Fed. Can we have both? You can

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Speaker 1: absolutely have both. Any time you have more jobs, it's

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Speaker 1: always a good thing. However, the fact that we're still

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Speaker 1: like one and a half million jobs lower than what

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Speaker 1: we were pre pandemic. It shows that we're still below

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Speaker 1: where we need to be, and that's a problem. How

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Speaker 1: worried are you about rising rates slowing the economy, maybe

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Speaker 1: even into a recession and the fallout that would have

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Speaker 1: for the job market. I am so concerned with so

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Speaker 1: many aspects of what's going on in this economy, and

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Speaker 1: one of it, of course, is is what happened this

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Speaker 1: week with the President's budget being released, of the projection

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Speaker 1: of where we want to spend in the future. With you,

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Speaker 1: with seeing inflation right now at seven the it's been

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Speaker 1: in forty years, Well, let's get into that. We've talked

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Speaker 1: quite a bit about the budget this week with some

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Speaker 1: of your committee members. You're the ranking member on budget.

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Speaker 1: Your committee is digging through this paperwork here, and I

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Speaker 1: know that you're not a fan. Will you oppose to

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Speaker 1: begin with the tax increases that it calls for. I'm

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Speaker 1: opposed to basically about every letter in this budget, just

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Speaker 1: to be honest, because I when you look through the budget,

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Speaker 1: you figure out that his budget makes every crisis that

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Speaker 1: the American people are facing that much worse. For example,

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Speaker 1: the inflation crisis, this bill is wanting to spend seventy

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Speaker 1: three trillion dollars over the next ten years, which is

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Speaker 1: a sixty increase over the prior ten years. Absolutely unacceptable.

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Speaker 1: It's the highest sustained spending bill in the history of

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Speaker 1: the United States. But in this bill they project inflation

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Speaker 1: to basically be four point seven percent this year and

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Speaker 1: two from here on out for the next nine years.

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Speaker 1: In order to even make four point seven percent for

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Speaker 1: this year, we would have to start yesterday having two

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Speaker 1: every month for the rest of the year to make

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Speaker 1: the four point seven there. Their projections are completely unrealistic,

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Speaker 1: and one of the biggest issues that's facing all Americans

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Speaker 1: is the sky the sky, sky high inflation, which is

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Speaker 1: only continuing to go up with more spending. Well, can

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Speaker 1: I ask you about that, because we've talked about this,

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Speaker 1: that the fact that projections date back to November. As

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Speaker 1: a member of the Budget Committee, as the ranking member,

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Speaker 1: is it possible for you to update those numbers? Can

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Speaker 1: you send this back to the administration and say no,

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Speaker 1: let's get this up to date with this calendar year

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Speaker 1: and start a new conversation. Absolutely, I mean, we're one

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Speaker 1: of the twenty one century. We can we don't have

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Speaker 1: to rely on projections from November. What happens is is

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Speaker 1: they don't want the American people to see the realistic

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Speaker 1: projections where we're probably going to hit double digits because

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Speaker 1: of this reckless government spending. It's interesting here your analysis,

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Speaker 1: because we've heard a lot of people suggest that Biden

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Speaker 1: was moving to the center with this plan, record sized

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Speaker 1: defense budget, more money for police, for ice, and for veterans.

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Speaker 1: Are those components that you support? Yeah, you know, making

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Speaker 1: sure that you're protecting veterans, making sure you're protecting um

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Speaker 1: the police. That's great. But in this border he cuts

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Speaker 1: a hundred and fifty million dollars for border patrol. So

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Speaker 1: they're saying one thing on one hand, and they're not

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Speaker 1: delivering on the other. When you're when you're talking about

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Speaker 1: an increase to defense, they're projecting four percent increase for defense.

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Speaker 1: Inflation is at eight percent, so in fact, based on inflation,

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Speaker 1: it's a four percent cut. But you know what, they're

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Speaker 1: giving an increase of t to the e P A.

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Speaker 1: Nancy Pelosi always said a budget as a statement of

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Speaker 1: your values. They are showing that they value the e

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Speaker 1: p A way more than they do. Are men and

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Speaker 1: women in uniform. Well, I don't know if the White

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Speaker 1: House would agree with you on that, but that is

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Speaker 1: indeed what we keep hearing, the projection of values, a

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Speaker 1: statement of values, knowing that it's not going to look

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Speaker 1: a lot like this by the time it comes out

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Speaker 1: of the other end in Congress. With that said, what

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Speaker 1: kind of hearings are are we heading into here, Congressman.

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Speaker 1: The Omnibus that we're operating under now, as you well know,

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Speaker 1: didn't get passed till halfway through this fiscal year. We're

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Speaker 1: gonna have to wait like that again. You know, that

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Speaker 1: would be a great question to ask the majority, because

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Speaker 1: as you know, the Democrats control of the House, the Senate,

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Speaker 1: and the White House. They're the ones that continue to

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Speaker 1: kick the can down the road and couldn't pass spending bills.

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Speaker 1: And that's why you saw them go more than half

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Speaker 1: of a year before they finally were able to agree

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Speaker 1: amongst themselves to get it done. Um, it's such a

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Speaker 1: thin majority of though Congress when they do need some

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Speaker 1: Republicans to make this happen, wouldn't you agree? But they

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Speaker 1: don't need any Republicans in the House of Representatives, and

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Speaker 1: they haven't seemed to be able to pass it. From

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Speaker 1: my understanding talking to House Democrats on the Budget Committee,

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Speaker 1: they have no intention to even pass this budget because

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Speaker 1: they know that what's in this budget only hurts their members,

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Speaker 1: and it's something that their members cannot go back to

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Speaker 1: their districts and defend whenever they're facing a tough election.

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Speaker 1: Like I said, the policies within this bill basically um

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Speaker 1: confirmed that all the policies that Joe Biden, Nancy Policy,

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Speaker 1: and Chuck Schumer have done for the last year are

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Speaker 1: basically saying they're good, which created the energy prices. There's

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Speaker 1: forty five billion dollars of tax increases to the fossil

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Speaker 1: fuel industries, oil and gas in here when gas prices

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Speaker 1: are up sevent since Joe Biden got the White House.

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Speaker 1: So what's he wanting to do increase gas prices more

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Speaker 1: through taxation that it doesn't make sense. Let me ask

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Speaker 1: you with regard to that enough of that, Congressman, would

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Speaker 1: you support a gas tax holiday or is does that

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Speaker 1: get the Highway Trust funds? I support and making sure

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Speaker 1: we become energy and dependent and reversing all the executive

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Speaker 1: orders that Joe Biden did that has made us more

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Speaker 1: dependent on Russia, Vietnam, I'm Russia, Venezuela, I Ran and

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Speaker 1: countries that don't much care for us. How about this

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Speaker 1: use it or lose it policy. If you're sitting on

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Speaker 1: a permit for drilling, you got to use it. You're

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Speaker 1: gonna pay more. I think we need to make sure

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Speaker 1: that we allow drilling in our country. There's a difference

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Speaker 1: between leases and permits, and the Democrats like to talk

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Speaker 1: out of both both sides of their mouth. We need

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Speaker 1: to do everything we can to help lower the prices

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Speaker 1: for Americans. Congressman, I don't know if you've ever heard

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Speaker 1: of the pizza principle, but it's something that we're writing

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Speaker 1: about today at Bloomberg. It's been around for a long time.

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Speaker 1: It says that a slice of cheese pizza in New

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Speaker 1: York should always be the same as the price of

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Speaker 1: a subway ride. This is apparently held true since the

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Speaker 1: nineteen eighties. They moved and sync up and down until

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Speaker 1: now we've seen a divergence. A slice of cheese now

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Speaker 1: costs three dollars on average, higher than the two dollars

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Speaker 1: seventy five subway fair. It's all because of commodity prices. Right,

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Speaker 1: food prices are rising with this war in Ukraine right now,

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Speaker 1: that's making it worse. Congressman, what can you tell our

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Speaker 1: listeners to expect the rest of the year. Does this

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Speaker 1: just keep getting worse or were nearing a peek? I

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Speaker 1: have never heard that. But also remind yourself that to

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Speaker 1: ride a subway in New York requires a lot of

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Speaker 1: federal subsidiation, subsidizing of tax dollars. And the state of

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Speaker 1: New York got more money in the infrastructure package than

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Speaker 1: any of the other fifties states, so they have a

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Speaker 1: lot more money, and that's how they've been able to

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Speaker 1: subsidize that infrastructure. All right. I had to take a

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Speaker 1: swing on the New York pizza. Are you a New

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Speaker 1: York pizza guy? Congressman Chicago or Detroit? I like Southern

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Speaker 1: Missouri completely. The barbecue down there is better than the

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Speaker 1: pizza New York. I didn't know where you'd go with that.

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Speaker 1: Congressman Jason Smith, ranking Member the House Budget Committee, with

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Speaker 1: us on Bloomberg, appreciate your insights today. Thank you, sir.

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Speaker 1: Coming up, we assemble the panel. See don't you want

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Speaker 1: pizza now? Bloomberg Politics contributor Rick Davis is with US

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Speaker 1: Republican strategist today sharing space with former New York Congressman

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Speaker 1: Joe Crowley, the Democrat, as we talk our way through

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Speaker 1: eight pizza Friday here on the fastest hour in politics.

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Speaker 1: I like it. Christine will check markets and traffic on

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Speaker 1: the way. I'm Joe Matthew. This is Bloomberg won the Moon.

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Speaker 1: G's you like of your pizza? FI, that's the morning.

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Speaker 1: Even the pizza will not be spared. You can read

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Speaker 1: about it on the terminal. As I was mentioning with

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Speaker 1: the congressman the pizza principle, showing inflation upending decades of

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Speaker 1: New York economics and romance, I added that last point,

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Speaker 1: as the cost of a slice rises above the cost

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Speaker 1: of subway fair by a whole quarter. Keeping in mind

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Speaker 1: that it's not only the cost of ingredients we can

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Speaker 1: we can do away with you need food prices. It's

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Speaker 1: also the natural gas. Think of the natural gas used

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Speaker 1: to fire up most pizza ovens in New York, and

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Speaker 1: you know the Neapolitan guys are paying more for wood.

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Speaker 1: Let's reassemble the panel. Bloomberg Politics contributor Republican strategist Rick

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Speaker 1: Davis is here along today with Joe Crowley with Us

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Speaker 1: for the Hour, former Democratic Congressman from New York. Congressman,

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Speaker 1: I've got to start with you, as a New Yorker,

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Speaker 1: did you have to know the cost of a slice

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Speaker 1: when you were running for office? I can about the

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Speaker 1: cost of the spice because I was hungry. That was answer.

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Speaker 1: You know, It's always been a staple of New Yorkers,

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Speaker 1: and I think, you know, always my I remember, I

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Speaker 1: remember when pizzas so Um. That was at the beginning

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Speaker 1: of the Biden administration, right. Um. Look, it's just it's

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Speaker 1: it symbolizes what's going on here. Uh, Joe, We're living

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Speaker 1: in a world where the job market is booming, wagers

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Speaker 1: are rising. The president, though, is watching his approval numbers

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Speaker 1: keep sinking because of this inflation problem. Uh. Although even

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Speaker 1: Congressman Jason Smith, the Republican, seems to think strong wages

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Speaker 1: and acceptable prices can coexist somehow do you think they can?

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Speaker 1: I certainly do. And look, I think trying to, you know,

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Speaker 1: match the price of Sissi pizza with a subway fair,

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Speaker 1: It really isn't. Isn't fair quite frankly, because as Jason

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Speaker 1: Smith said, there is subsidizing of the Stubway fair. It's

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Speaker 1: not necessarily federal subsidies. It's it's the tolls and bridges.

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Speaker 1: It's a state budget that also adds to that. Typically,

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Speaker 1: we did see some assistance from the federal government through

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Speaker 1: the Cares Act, and the whole country and high country

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Speaker 1: in any metropolitan areas saw that for their mass transit system. Um.

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Speaker 1: Both are very sacred to New York though mass transit.

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Speaker 1: But I do think, I do think, you know, as

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Speaker 1: the President said, American workers have been looking for a

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Speaker 1: raise for quite some time. That's happening now for very

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Speaker 1: a lot of reasons. UM. And that's not necessarily a

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Speaker 1: bad thing. But we do need to get to roll

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Speaker 1: over is the issue of inflation itself, the price of gasoline,

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Speaker 1: much not being June, much happening in Russia and Ukraine. UM.

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Speaker 1: But there's no question coming on the heels of the spending.

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Speaker 1: It took place during the worldwide emergency of COVID as

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Speaker 1: we're coming out of it now. We have to find

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Speaker 1: ways to balance this, to get this war back into balance,

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Speaker 1: and it's gonna take some time. I know this is

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Speaker 1: oversimplifying the whole matter that but but it it certainly

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Speaker 1: puts a fine point on it. Rick Davis, the president

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Speaker 1: get any bump out of a job's report like this,

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Speaker 1: or as long as we're in this inflationary environment, that

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Speaker 1: good news doesn't apply to him. Yeah. I was actually

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Speaker 1: surprised when you played the assault from Marty Walsh, Labor

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Speaker 1: Secretary didn't even seem to want to declare victory. Well

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Speaker 1: at least interview. It's really stunning. Uh, these guys have

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Speaker 1: been begging for this kind of news six months ago

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Speaker 1: and now they're getting it. And it's almost like, well,

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Speaker 1: pay no attention to the improving economy that's driving inflation.

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Speaker 1: Uh so you don't want to celebrating. Is that the problem?

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Speaker 1: There's nothing to sell right when when you have inflation

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Speaker 1: and double digits almost and and no and in sight. Uh,

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Speaker 1: you know, the message to the consumer, the message every

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Speaker 1: day American is, you know, it doesn't matter how much

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Speaker 1: employment you have, you'retting screwed every single day on gas prices,

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Speaker 1: on food prices, on you know, retail, I mean, you

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Speaker 1: name it. There's no good news for the American consumer

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Speaker 1: out there. And so at the end of the day,

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Speaker 1: regardless of whether wage gains go up or whether or

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Speaker 1: not they're more people employed. Uh. This this administration is

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Speaker 1: a long way from doing a victory lap on the economy,

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Speaker 1: and it shows in his nine million jobs. Joe Crowley,

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Speaker 1: that's not something to celebrate. Well, I think it is

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Speaker 1: within the context of talking about, you know, for having

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Speaker 1: virtually full employment in the United States. But I do

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Speaker 1: think Rick is right in the sense that, um, it's

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Speaker 1: difficult to jump up and down when when people are struggling, um,

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Speaker 1: to make ends meet. We see, you know again, um,

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Speaker 1: the difficulty in in the supplying demand aspect of this,

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Speaker 1: where we're seeing short bulls in supplies and stores, um,

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Speaker 1: and and having effect. And you're talking about commodities, were

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Speaker 1: talking about the price of of of doing business towards

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Speaker 1: the price of making pizza. Those are all going up

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Speaker 1: at the same time. You know, people's opictioners full work,

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Speaker 1: their ability to find better jobs and opportunities with better wages.

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Speaker 1: So again I think it comes back to now having

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Speaker 1: to focus on the issue of inflation and need to

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Speaker 1: really work to drive those numbers down as thus we can.

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Speaker 1: Rick I had to laugh in the hearing of former

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Speaker 1: President Trump speaking in this interview the other day, says,

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Speaker 1: you know, the supply chain. We have the supply chain trouble.

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Speaker 1: You you go to Tiffany, you gotta wait six months

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Speaker 1: to get which jeus. Uh. This goes all the way

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Speaker 1: to the top. Rick. But so we're counting down six

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Speaker 1: months to the mid terms. How do you change in

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Speaker 1: between now and then? You know, I think that's should

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Speaker 1: be the comparison a slice of pizza for what Donald

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Speaker 1: Trump gets at Tiffany's, which is more expensive. Yeah. No, Look,

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Speaker 1: mean the clock is ticking because obviously the check comes

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Speaker 1: due on election day for the mid terms, right and

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Speaker 1: and so you know, I know that this administration has

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Speaker 1: to take a long view. They have to manage economy,

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Speaker 1: and the FEDS certainly has to look past November on

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Speaker 1: their policies. It's they're not geared toward the election cycles.

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Speaker 1: But the American people are, and and they're gonna give

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Speaker 1: this administration a grade. Every single member of Congress is

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Speaker 1: going to get a grade, uh come November on how

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Speaker 1: they handled this. And the good news is Republicans don't

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Speaker 1: have the ball. It's all in the court of the Democrats.

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Speaker 1: I always love this panel with Rick Davis and Joe Crowley,

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Speaker 1: the former congressman there with us for the hour, and

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Speaker 1: we'll bring in Ed Mills from Raymond James next. His

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Speaker 1: note today suggesting the tax hikes the president is proposing

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Speaker 1: not a chance this year or next. We'll talk with

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Speaker 1: Ed Mills ahead on the fastest hour in politics. I'm

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Speaker 1: Joe Matthew. This is Bloomberg broadcasting live from our nation's capital,

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Speaker 1: Bloomberg to New York, Bloomberg eleven, trio to Boston, Bloomberg one,

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Speaker 1: O six one to San Francisco, Bloomberg nin to the country,

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Speaker 1: Serious x M General one, and around the globe of

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Speaker 1: Bloomberg Business app and Bloomberg Radio dot Com. This is

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Speaker 1: Bloomberg Sound On with Joe Matthew. The President's budget promises

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Speaker 1: to lower deficit spending by a trillion dollars. What happens

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Speaker 1: if the tax hikes inside the plan are not past

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Speaker 1: That's what Ed Mills at Raymond James is predicting. We'll

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Speaker 1: talk with the Washington policy analysts next. We've been hearing

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Speaker 1: voices from across town, across the political spectrum this week

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Speaker 1: on the president's budget proposal dropped a few days ago,

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Speaker 1: including the proposed tax hikes to pay for it. In

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Speaker 1: Ed Mills note, this morning blows a bit of a

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Speaker 1: hole in the plan. He's the Washington policy analyst, managing

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Speaker 1: director at Raymond James. It's good to have you back ed, welcome.

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Speaker 1: You write that significant tax reform on individuals and corporations

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Speaker 1: you see as unlikely overcoming years, plural years, So forget

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Speaker 1: and beyond that means this budget then could not really

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Speaker 1: lower deficit spending. Right, yeah, Joe, isn't it pretty striking

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Speaker 1: where we are today versus where we were a year ago,

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Speaker 1: maybe even six months ago. Um, we have reconciliation, which

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Speaker 1: still has a chance of happening, but we know from

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Speaker 1: what has already passed the House that the lowest threshold

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Speaker 1: where Congress was really interested in adding extra taxes was

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Speaker 1: at ten million dollars a year. In this budget, it

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Speaker 1: talks about a billionaire tax at a hundred million dollars.

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Speaker 1: I know the President always talks about that four thousand.

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Speaker 1: He said that today that people are tired of hearing

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Speaker 1: about it. But I don't even think there's the political

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Speaker 1: will in Congress or the votes in Congress to get

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Speaker 1: that done. And if you can't get that done in

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Speaker 1: a democratic sweep, when will that occur? And so I

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Speaker 1: think the mark it is starting to think about lower

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Speaker 1: tax policy for much longer than anticipated. You do say, though, however,

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Speaker 1: defense spending continues to be on an upward trajectory. A

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Speaker 1: focus on China and Russia will will keep driving defense

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Speaker 1: spending with an eye on innovative technologies. Does that mean

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Speaker 1: you expect a version of this to pass with higher

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Speaker 1: military spending and by when I do? And I think

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Speaker 1: it was really striking with your interview with the Congressman

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Speaker 1: Smith earlier in the show, where Republicans generally are not

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Speaker 1: willing to take inflation UM as part of UM in

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Speaker 1: terms of dollars in the budget. They say, an extra dollars,

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Speaker 1: an extra dollar, We don't do the game of inflation.

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Speaker 1: But he said a four percent increase was actually a

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Speaker 1: four percent cut when you have inflation, which shows you

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Speaker 1: that even in the Republican party, there is a support

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Speaker 1: here for higher defense spending versus what was proposed a

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Speaker 1: year ago. So Joe, I think the it's a fundamentally

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Speaker 1: different budget and appropriation environment UM then we would have expected.

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Speaker 1: And so government spending continues to be on an upward

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Speaker 1: trajectory here. If China and Russia are driving defense spending.

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Speaker 1: Are we talking about tanks and airplanes? Are we talking

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Speaker 1: about cyber and drones? I'd say it's probably a bit

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Speaker 1: of an all of the above. What we've have seen

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Speaker 1: with the Biden administration is a much bigger focus on diplomacy,

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Speaker 1: So some of the prime UH contractors that do include

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Speaker 1: a lot of personnel that support the State Department get

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Speaker 1: a boost. But it is also on more conventional weapons.

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Speaker 1: It is on a new generation of hypersonic weapons. There

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Speaker 1: is a desire to have more tanks and kind of

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Speaker 1: re do the fleet within the Navy. So UH, if

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Speaker 1: you look at the geopolitical environment and what will be

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Speaker 1: needed for that, uh, it's a significant across the board

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Speaker 1: increase that you would expect from Congress. So we don't

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Speaker 1: have to because we don't know what war we're preparing for.

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Speaker 1: Right we watch images of Russian tanks rolling, we think

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Speaker 1: about a tank war with China, but it really may

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Speaker 1: not turn out to be that way. If this is

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Speaker 1: some sort of cyber warfare where we end up knocking

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Speaker 1: each other's lights out from the other side of the world,

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Speaker 1: that's true, Joe and I think it's the reality here,

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Speaker 1: and we're seeing this play out is that members of

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Speaker 1: Congress do not want to have to defend themselves because

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Speaker 1: in politics, when you're you know, explaining, you're losing. Uh,

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Speaker 1: So they don't want to have a situation where they

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Speaker 1: voted not to have the next weapons system and then

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Speaker 1: be caught off guard. And so um. Generally speaking, kind

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Speaker 1: of there is a bipartisan push here. We'll see how

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Speaker 1: far the domestic spending will go. That question mark really

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Speaker 1: gets done on what can be done with mansion cinema

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Speaker 1: and probably the progressives in the House to get a

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Speaker 1: deal if that's gonna see any additional spending. Um. But

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Speaker 1: you know on defense side, you know the biases upward here, Well,

430
00:23:55,880 --> 00:23:58,600
Speaker 1: if you're explaining, you're losing, somebody's got some explaining to

431
00:23:58,600 --> 00:24:00,600
Speaker 1: do here. On the on the China con Peats Act,

432
00:24:01,200 --> 00:24:04,440
Speaker 1: this White House has been explaining for months. I mean

433
00:24:04,480 --> 00:24:06,359
Speaker 1: we're going back to the end of last summer. The

434
00:24:06,400 --> 00:24:10,120
Speaker 1: Commerce Secretary was doing rounds on this. It's still got

435
00:24:10,160 --> 00:24:14,159
Speaker 1: different versions in the House and Senate fifty two billion

436
00:24:14,200 --> 00:24:17,160
Speaker 1: dollars to get domestic chip making underway, which would take

437
00:24:17,240 --> 00:24:20,320
Speaker 1: years to really get going into the system. It's still

438
00:24:20,400 --> 00:24:22,840
Speaker 1: locked up here. Do you see that happening. Is there

439
00:24:22,840 --> 00:24:25,280
Speaker 1: going to be a deal on this in the near term?

440
00:24:25,320 --> 00:24:27,679
Speaker 1: I do, UM. I think that if it was just

441
00:24:27,840 --> 00:24:30,520
Speaker 1: a vote on the Chips Act funding that fifty plus

442
00:24:30,560 --> 00:24:33,800
Speaker 1: billion dollars for the semiconductor industry, that could be on

443
00:24:33,880 --> 00:24:35,320
Speaker 1: the president's desk, or that could have been on the

444
00:24:35,320 --> 00:24:39,399
Speaker 1: president's desk a year ago. UM. The big political question

445
00:24:39,440 --> 00:24:42,679
Speaker 1: here is do Republicans want to give Democrats a significant

446
00:24:42,720 --> 00:24:45,840
Speaker 1: political victory in the lead up to the mid term elections.

447
00:24:46,119 --> 00:24:49,080
Speaker 1: I do think the geopolitical risk we talked about, especially

448
00:24:49,200 --> 00:24:52,919
Speaker 1: the invasion of Ukraine, pushes that closer to yes. But

449
00:24:52,960 --> 00:24:56,360
Speaker 1: Republicans will extract a price from this, and so it's

450
00:24:56,400 --> 00:24:59,640
Speaker 1: a question of how hawkish on China does the bill

451
00:24:59,720 --> 00:25:03,120
Speaker 1: get in terms of the comfortable nous and and does

452
00:25:03,160 --> 00:25:07,239
Speaker 1: that disrupt some of the uh diplomatic relations that the

453
00:25:07,280 --> 00:25:10,920
Speaker 1: Biden administration has been trying to build with China, especially

454
00:25:10,920 --> 00:25:13,600
Speaker 1: in the Biden she relationship. But my sense is that

455
00:25:13,720 --> 00:25:16,199
Speaker 1: it gets done um, and it's it's going to be

456
00:25:16,240 --> 00:25:18,800
Speaker 1: looking closer to what the Senate has passed versus what

457
00:25:19,160 --> 00:25:21,600
Speaker 1: the House wanted to do. With Ed Mills at Raymond

458
00:25:21,680 --> 00:25:24,679
Speaker 1: James about what Democrats might be able to still squeeze

459
00:25:24,680 --> 00:25:27,480
Speaker 1: from the stone before people go to vote. This year,

460
00:25:27,520 --> 00:25:31,679
Speaker 1: you mentioned reconciliation. Are we going to see another swing

461
00:25:31,760 --> 00:25:34,919
Speaker 1: at this, some smaller version of build back better in

462
00:25:34,960 --> 00:25:39,280
Speaker 1: a in a reconciliation package, Yeah, Joe. So one of

463
00:25:39,320 --> 00:25:43,280
Speaker 1: the truisms about d C is that come around Memorial

464
00:25:43,359 --> 00:25:46,040
Speaker 1: Day or so of an election year, things usually um

465
00:25:46,240 --> 00:25:49,439
Speaker 1: stop in terms of legislating, because that's usually because you

466
00:25:49,480 --> 00:25:53,360
Speaker 1: need bipartisan majorities in those sixty votes in the Senate. Uh.

467
00:25:53,400 --> 00:25:56,040
Speaker 1: If that's true, if there's nothing you can get done

468
00:25:56,040 --> 00:25:59,560
Speaker 1: on a bipartisan basis after that time period, Democrats are

469
00:25:59,560 --> 00:26:02,160
Speaker 1: still going to have this laying out there, and they

470
00:26:02,200 --> 00:26:04,840
Speaker 1: just need to get their team on board. Now, the

471
00:26:04,840 --> 00:26:10,000
Speaker 1: inflation prints are really concerning for mansion, but he continues

472
00:26:10,040 --> 00:26:12,680
Speaker 1: to say that there's a path here. So I put

473
00:26:12,680 --> 00:26:16,439
Speaker 1: the over under probably at about five billion, Joe, and

474
00:26:16,760 --> 00:26:20,639
Speaker 1: getting some energy provisions, getting some healthcare provisions, um, and

475
00:26:20,840 --> 00:26:24,719
Speaker 1: probably some of the childcare provisions in there. Uh. And

476
00:26:24,920 --> 00:26:29,000
Speaker 1: that's the deal. This go back, get the memo right

477
00:26:29,080 --> 00:26:35,399
Speaker 1: from last summer, put it in legislative language and it passes. Yeah,

478
00:26:35,440 --> 00:26:38,920
Speaker 1: and it's uh, maybe cut it in a third. I

479
00:26:38,960 --> 00:26:41,639
Speaker 1: always enjoyed talking with Ed Mills, appreciate the insight said,

480
00:26:41,680 --> 00:26:44,800
Speaker 1: as always, you're always welcome here. Washington policy analyst and

481
00:26:44,880 --> 00:26:47,880
Speaker 1: managing director at Raymond James will reassemble the panel next

482
00:26:48,600 --> 00:26:51,359
Speaker 1: as we're always curious to hear from Rick Davis, joined

483
00:26:51,400 --> 00:26:55,199
Speaker 1: today by Joe Crowley, former Democratic New York congressman, And

484
00:26:55,240 --> 00:26:58,000
Speaker 1: we have to take a look here at titled forty two.

485
00:26:59,400 --> 00:27:02,520
Speaker 1: The CDs C says it is preparing to lift Title

486
00:27:02,600 --> 00:27:05,600
Speaker 1: forty two and what it means politically for this administration

487
00:27:06,160 --> 00:27:08,159
Speaker 1: with an eye on the border. I'm Joe Matthew. This

488
00:27:08,240 --> 00:27:13,880
Speaker 1: is Bloomberg. You're listening to Bloomberg. You sound on with

489
00:27:14,000 --> 00:27:19,320
Speaker 1: Joe Matthew on Bloomberg Radio. The headline on the terminal

490
00:27:19,400 --> 00:27:22,640
Speaker 1: c d C to end Trump wool used to expel

491
00:27:22,760 --> 00:27:27,040
Speaker 1: migrants during pandemic. You've heard of this title forty two.

492
00:27:28,600 --> 00:27:32,720
Speaker 1: The Public Health Authority will end on It was made

493
00:27:32,720 --> 00:27:35,960
Speaker 1: official today, giving officials sometime as I read on the

494
00:27:36,040 --> 00:27:39,479
Speaker 1: terminal to prepare for an expected influx of migrants at

495
00:27:39,520 --> 00:27:44,440
Speaker 1: the US Mexico border that poses significant political and humanitarian

496
00:27:44,520 --> 00:27:47,920
Speaker 1: challenges for the White House. This comes from the CDC,

497
00:27:48,119 --> 00:27:50,720
Speaker 1: but of course that's part of the administration, and it's

498
00:27:50,720 --> 00:27:52,960
Speaker 1: been under a lot of pressure over this. The transition

499
00:27:53,000 --> 00:27:55,760
Speaker 1: period put in place here they say, well, allow the

500
00:27:55,800 --> 00:27:59,879
Speaker 1: Department of Homeland Security to implement a certain mitigation pro

501
00:28:00,040 --> 00:28:05,200
Speaker 1: to calls, including a vaccination program. Can you imagine that

502
00:28:06,880 --> 00:28:10,760
Speaker 1: complications here? The White House was pressed on this all week.

503
00:28:10,920 --> 00:28:15,199
Speaker 1: This is Communications Director Kate betting Field from yesterday in

504
00:28:15,240 --> 00:28:19,600
Speaker 1: the briefing room. We're planning for multiple contingencies, and we

505
00:28:19,640 --> 00:28:23,360
Speaker 1: have every expectation that when the CDC ultimately decides it's

506
00:28:23,359 --> 00:28:26,120
Speaker 1: appropriate to lift Title forty two, there will be an

507
00:28:26,119 --> 00:28:29,920
Speaker 1: influx of people to the border. Well, it's happening now.

508
00:28:30,960 --> 00:28:33,440
Speaker 1: This after a group of Republican senators this week, led

509
00:28:33,480 --> 00:28:37,080
Speaker 1: by John Corny of Texas, urged the administration. They held

510
00:28:37,080 --> 00:28:41,520
Speaker 1: a news conference criticizing President Biden about this, urging him

511
00:28:41,520 --> 00:28:44,720
Speaker 1: to extend the rule. Here's Cornin Title forty two is

512
00:28:44,760 --> 00:28:48,800
Speaker 1: scheduled to expire unless it's extended. The Border Patrol tell

513
00:28:48,880 --> 00:28:54,480
Speaker 1: me that if it is expires without a plan being

514
00:28:54,520 --> 00:28:58,840
Speaker 1: put into place to allow them to handle this volume

515
00:28:58,840 --> 00:29:02,520
Speaker 1: of migrants, they will simply lose control. To reassemble the

516
00:29:02,560 --> 00:29:06,880
Speaker 1: tannel with Bloomberg Politics contributor, Republican strategist Rick Davis, and

517
00:29:06,960 --> 00:29:10,200
Speaker 1: Joe Crowley, former New York Congressman, Democratic Caucus Chair in

518
00:29:10,240 --> 00:29:12,000
Speaker 1: the House. I don't want to bore either of you,

519
00:29:12,440 --> 00:29:15,120
Speaker 1: or insult our audience for that matter, with you know,

520
00:29:15,200 --> 00:29:18,160
Speaker 1: some contrived debate over immigration reform. That's not where we're

521
00:29:18,200 --> 00:29:19,760
Speaker 1: going here. I do want to ask you about the

522
00:29:19,840 --> 00:29:24,080
Speaker 1: risks facing this administration, which is already dogged by inflation, rick,

523
00:29:24,160 --> 00:29:25,960
Speaker 1: a war in Ukraine, some of the other issues we

524
00:29:26,040 --> 00:29:29,120
Speaker 1: just were talking about that are making life very difficult

525
00:29:29,160 --> 00:29:31,480
Speaker 1: when you look at the president's approval ratings, the images

526
00:29:31,560 --> 00:29:34,480
Speaker 1: that could follow here, and frankly, the fodder that this

527
00:29:34,560 --> 00:29:38,600
Speaker 1: has already given conservative media could be very damaging. Though, well,

528
00:29:38,600 --> 00:29:42,520
Speaker 1: it's not just foddering conservative media. You look at senators, Mansion, Senators,

529
00:29:42,520 --> 00:29:47,600
Speaker 1: Hans Hassan's, Senator Warner, all Democratic senators, all decrying this

530
00:29:47,720 --> 00:29:50,880
Speaker 1: decision to allow this to lapse without something being put

531
00:29:50,920 --> 00:29:54,240
Speaker 1: in place that could contain what is the homeland securities

532
00:29:54,280 --> 00:29:57,080
Speaker 1: estimate of over eighteen thousand people a day coming across

533
00:29:57,080 --> 00:30:00,320
Speaker 1: the border. So it's either just bad government now the words,

534
00:30:00,640 --> 00:30:03,960
Speaker 1: you know, having one plan go out of cycle before

535
00:30:04,000 --> 00:30:06,760
Speaker 1: you put something else in or or a decision that

536
00:30:06,880 --> 00:30:09,840
Speaker 1: somehow that's okay with this administration. The other side of this,

537
00:30:09,920 --> 00:30:13,440
Speaker 1: Joe Crowley, as as immigration rights advocates would tell you,

538
00:30:14,000 --> 00:30:16,440
Speaker 1: is this policy has been used as a pretext to

539
00:30:16,520 --> 00:30:21,479
Speaker 1: abandon leagual obligations allowing entry and people seeking asylum. How

540
00:30:21,520 --> 00:30:25,240
Speaker 1: do you manage that as this democratic administration is trying

541
00:30:25,240 --> 00:30:27,680
Speaker 1: to well, I think that's the other flip of the

542
00:30:27,720 --> 00:30:31,120
Speaker 1: coin that Rick was talking about. Uh, you know, the

543
00:30:31,160 --> 00:30:34,480
Speaker 1: reality is that we're moving forward as a nation. Um.

544
00:30:35,000 --> 00:30:39,640
Speaker 1: You know, the every facet of life is lifting here

545
00:30:39,720 --> 00:30:42,920
Speaker 1: as retains to COVID by team and to use you know,

546
00:30:43,280 --> 00:30:48,520
Speaker 1: um uh title forty two as a means to an

547
00:30:48,680 --> 00:30:52,360
Speaker 1: end um when it's it's really for emergent purposes to

548
00:30:52,400 --> 00:30:56,000
Speaker 1: deal with the public health crisis, a worldwide public health crisis.

549
00:30:56,080 --> 00:30:59,360
Speaker 1: It doesn't actually address the issues of our border and

550
00:30:59,480 --> 00:31:02,160
Speaker 1: something that we've been we've been really trying to grapple

551
00:31:02,240 --> 00:31:04,960
Speaker 1: with h for that a part of two decades now,

552
00:31:05,320 --> 00:31:07,600
Speaker 1: and we haven't had Republican the Democrats you can be

553
00:31:07,680 --> 00:31:12,360
Speaker 1: able to come together to effectuate that change. Rick, I

554
00:31:11,160 --> 00:31:14,480
Speaker 1: I know I'm probably touching a sore spot here. You

555
00:31:14,480 --> 00:31:18,200
Speaker 1: went through some some real throws in attempting immigration reform

556
00:31:18,200 --> 00:31:21,840
Speaker 1: with Senator John McCain. Does this type of event though,

557
00:31:22,240 --> 00:31:25,880
Speaker 1: create an inflection point to actually have a serious conversation

558
00:31:25,920 --> 00:31:27,920
Speaker 1: about it or you beyond that? Now? Is this we're

559
00:31:27,920 --> 00:31:31,200
Speaker 1: not capable on Capitol Hill? Now we have to be capable.

560
00:31:31,360 --> 00:31:33,920
Speaker 1: Joe Crowley is right, you can mark this day in

561
00:31:33,960 --> 00:31:38,400
Speaker 1: your calendar. Uh. You have to have comprehensive immigration reform

562
00:31:38,800 --> 00:31:42,480
Speaker 1: because there are so many facets to this issue that

563
00:31:42,640 --> 00:31:45,000
Speaker 1: you cannot do it on a one off basis. And

564
00:31:45,080 --> 00:31:48,360
Speaker 1: that's why President Bush tried to get it past. That's

565
00:31:48,400 --> 00:31:51,120
Speaker 1: why John McCain and Ted Kennedy tried to get it past.

566
00:31:51,240 --> 00:31:53,920
Speaker 1: And that's why this administration has to come up with

567
00:31:53,960 --> 00:31:56,680
Speaker 1: a plan that covers all these facets because a one

568
00:31:56,800 --> 00:31:59,320
Speaker 1: off will not get it done. And we're talking about

569
00:31:59,320 --> 00:32:01,760
Speaker 1: the whatever we can't need that. You can hardly get

570
00:32:01,760 --> 00:32:03,880
Speaker 1: a budget passed. Rick, how's this going to happen in

571
00:32:03,920 --> 00:32:06,240
Speaker 1: this climate? Now? Well, as you say, when you've got

572
00:32:06,240 --> 00:32:09,280
Speaker 1: eighteen thousand people streaming across the border, uh, and a

573
00:32:09,320 --> 00:32:11,960
Speaker 1: crisis has been so that is self imposed, that could

574
00:32:11,960 --> 00:32:15,120
Speaker 1: be the catalyst. Do you think so, Joe? Well, I

575
00:32:15,120 --> 00:32:16,840
Speaker 1: do think as Rick has said that one of my

576
00:32:16,920 --> 00:32:18,880
Speaker 1: one of the great things I admired about John McCain

577
00:32:19,640 --> 00:32:22,360
Speaker 1: was his ability to step out of necessary the public

578
00:32:22,680 --> 00:32:26,360
Speaker 1: Republican mainstream and really try to tackle some of these

579
00:32:26,760 --> 00:32:31,160
Speaker 1: problems that we face as Americans, not as Democrats, are Republicans, um.

580
00:32:31,360 --> 00:32:34,520
Speaker 1: And you know, it's in our country's interest to solve

581
00:32:34,560 --> 00:32:36,880
Speaker 1: the issues at the border. This may very well be

582
00:32:37,000 --> 00:32:39,360
Speaker 1: that catalyst that can help bring us think about I'm

583
00:32:39,360 --> 00:32:42,320
Speaker 1: not I'm not you know, I'm not holding my breath, um.

584
00:32:42,320 --> 00:32:46,400
Speaker 1: But sometimes it does take some emergency to actually get

585
00:32:46,720 --> 00:32:49,640
Speaker 1: people of like minds to work together. It is going

586
00:32:49,720 --> 00:32:52,160
Speaker 1: to be a painful catalyst. Rick, this this could get

587
00:32:52,160 --> 00:32:56,400
Speaker 1: a lot more Republicans elected in November. Well, I think

588
00:32:56,440 --> 00:33:00,560
Speaker 1: that's exactly the approach that uh Mitt Romney today and

589
00:33:00,600 --> 00:33:03,760
Speaker 1: commenting about this decision was, uh this is horrible news

590
00:33:03,760 --> 00:33:06,000
Speaker 1: for the American people, but it's great news for the

591
00:33:06,040 --> 00:33:09,560
Speaker 1: Republican Party. I mean that Republicans require not to lift

592
00:33:09,560 --> 00:33:13,280
Speaker 1: a finger to now see like immigration is like, you know,

593
00:33:13,360 --> 00:33:15,640
Speaker 1: in the top one or two issues in the country,

594
00:33:15,880 --> 00:33:19,160
Speaker 1: not just border states and and right now that is

595
00:33:19,400 --> 00:33:23,080
Speaker 1: definitely advantage Republicans. Joe Crowley how important is it to

596
00:33:23,120 --> 00:33:25,920
Speaker 1: the job market to figure this out? Let me let

597
00:33:25,960 --> 00:33:27,880
Speaker 1: me say this. Politics has this place, but doing the

598
00:33:28,000 --> 00:33:30,040
Speaker 1: right thing also has its place. And that's where I

599
00:33:30,040 --> 00:33:32,640
Speaker 1: think I'd be focused on. And I'm sorry in terms

600
00:33:32,640 --> 00:33:35,200
Speaker 1: of what was that the job market. I mean, this

601
00:33:35,240 --> 00:33:39,800
Speaker 1: is this has huge implications, particularly for border states. Well,

602
00:33:39,840 --> 00:33:43,080
Speaker 1: you know, again we're hearing from Democrats and Republicans on

603
00:33:43,120 --> 00:33:45,160
Speaker 1: the border that we need to adjust the issues of

604
00:33:45,160 --> 00:33:48,040
Speaker 1: the border. We we get that, and and and no

605
00:33:48,080 --> 00:33:51,080
Speaker 1: one's no one jelling Lata that many Mexican Americans who

606
00:33:51,160 --> 00:33:54,040
Speaker 1: live in those border state reasons I as well. So

607
00:33:54,120 --> 00:33:57,640
Speaker 1: this is this, this knows no you know, political boundari

608
00:33:57,640 --> 00:33:59,640
Speaker 1: really ought not. We should be trying to focus on

609
00:33:59,680 --> 00:34:03,959
Speaker 1: ways to solve this problem by bringing people together as

610
00:34:03,960 --> 00:34:07,040
Speaker 1: supposed to driving people apart. And that, unfortunately has been

611
00:34:07,040 --> 00:34:10,719
Speaker 1: the message primarily coming not exclusively, but primarily coming from

612
00:34:10,719 --> 00:34:13,680
Speaker 1: the Republican side of the equation. Well, I look, I

613
00:34:13,920 --> 00:34:17,680
Speaker 1: I I believe in both of what both of you

614
00:34:17,719 --> 00:34:19,160
Speaker 1: are saying, and it is hard to have faith in

615
00:34:19,200 --> 00:34:21,320
Speaker 1: these parties to figure this out. I mean, the great,

616
00:34:21,400 --> 00:34:23,640
Speaker 1: great example is what's happening with the vote next week

617
00:34:23,640 --> 00:34:26,680
Speaker 1: for CATANGI Brown Jackson, which will likely be the closest

618
00:34:26,719 --> 00:34:29,600
Speaker 1: ever for a Supreme Court nominee. Rick, I wonder where

619
00:34:29,640 --> 00:34:33,560
Speaker 1: your head is. We've got a committee vote, I believe Monday, Uh,

620
00:34:33,600 --> 00:34:36,600
Speaker 1: and then it goes to the full floor. You've been

621
00:34:37,440 --> 00:34:39,440
Speaker 1: keeping your ears open for a couple of days to

622
00:34:39,600 --> 00:34:43,480
Speaker 1: talk about maybe Mitt Romney, maybe uh, maybe we get

623
00:34:43,520 --> 00:34:47,520
Speaker 1: to uh with Murkowski. How does this pan out in

624
00:34:47,640 --> 00:34:51,480
Speaker 1: terms of one or more Republicans actually voting for this

625
00:34:51,520 --> 00:34:54,720
Speaker 1: historic nomination. Well, we know Susan Collins has already announced

626
00:34:54,760 --> 00:34:57,080
Speaker 1: that she'll vote for the nomination, and that that has

627
00:34:57,080 --> 00:35:00,719
Speaker 1: made it bipartisan and most of the precious minds if

628
00:35:00,760 --> 00:35:02,600
Speaker 1: that's all it takes. Boy, we can turn that on

629
00:35:02,680 --> 00:35:05,640
Speaker 1: every now and then. But actually, you know, uh, you

630
00:35:05,960 --> 00:35:07,840
Speaker 1: want to see more. You don't want to see these

631
00:35:08,040 --> 00:35:12,600
Speaker 1: uh nominations and confirmations for the highest court in the

632
00:35:12,680 --> 00:35:16,200
Speaker 1: land turned into political footballs. But they have. Uh. But

633
00:35:16,280 --> 00:35:19,040
Speaker 1: this will be the biggest nothing burger of the year

634
00:35:19,200 --> 00:35:22,560
Speaker 1: because she's gonna get confirmed. She'll be sitting on the bench.

635
00:35:23,239 --> 00:35:26,759
Speaker 1: UH and and and all of the handwringing that we've

636
00:35:26,760 --> 00:35:28,880
Speaker 1: been going through for the last few weeks, UH is

637
00:35:28,880 --> 00:35:31,439
Speaker 1: going to be forgotten. By the end of the month

638
00:35:31,440 --> 00:35:34,280
Speaker 1: of April. It's all gonna come back up in November.

639
00:35:34,280 --> 00:35:36,839
Speaker 1: Though a lot of political lads Joe Crowley were filmed

640
00:35:36,920 --> 00:35:40,759
Speaker 1: during those hearings, weren't they. Well, there's no doubt from

641
00:35:40,760 --> 00:35:43,640
Speaker 1: both sides. Quite frankly, you remember, you know, the first

642
00:35:43,680 --> 00:35:47,520
Speaker 1: African American woman to be nominated and will become a

643
00:35:47,560 --> 00:35:51,160
Speaker 1: Supreme Court justice. Um. I think Rick is probably probably

644
00:35:51,239 --> 00:35:53,120
Speaker 1: right in charms of this is a fan of complete

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00:35:53,880 --> 00:35:56,080
Speaker 1: It's too bad it cannot be more like the days

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00:35:56,080 --> 00:35:58,360
Speaker 1: of old. But maybe we're longing for the days of

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00:35:58,400 --> 00:36:00,479
Speaker 1: old with the days of old weren't like right either.

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00:36:00,840 --> 00:36:05,279
Speaker 1: So um, you know, it's it is politics. It's it's

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00:36:05,320 --> 00:36:07,640
Speaker 1: it's very rough and tumble right now. And that is

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00:36:07,680 --> 00:36:11,560
Speaker 1: really oozed really really strongly in the Senate. And I think,

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00:36:11,880 --> 00:36:14,360
Speaker 1: quite frankly, it's the it's the influence of Donald Trump

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00:36:14,920 --> 00:36:18,200
Speaker 1: and uh and what happened over the last five or

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00:36:18,200 --> 00:36:22,000
Speaker 1: six years in the body politic. Um. But look, both

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00:36:22,000 --> 00:36:25,320
Speaker 1: sides have that have it, see that happening as well

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00:36:25,480 --> 00:36:28,439
Speaker 1: in terms of moving towards the extremes. And we need

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00:36:28,480 --> 00:36:30,560
Speaker 1: to find a way. And I think we're getting there

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00:36:30,600 --> 00:36:33,279
Speaker 1: because we're so it's being it's being tout of the

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00:36:33,280 --> 00:36:36,520
Speaker 1: New York Times. We may have the fairest congressional elections

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00:36:36,840 --> 00:36:39,120
Speaker 1: in the history of the United States in terms of

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00:36:39,440 --> 00:36:42,400
Speaker 1: competitive districts being out there that we've seen it in

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00:36:42,520 --> 00:36:45,520
Speaker 1: in in a lifetime. And so maybe we're heading towards that.

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00:36:45,680 --> 00:36:49,080
Speaker 1: We have to find cooler heads to get these extremes

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00:36:49,400 --> 00:36:51,800
Speaker 1: and come to the middle and find solutions to the

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00:36:51,840 --> 00:36:54,359
Speaker 1: American people. That's something I always always about. I think

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00:36:54,360 --> 00:36:57,200
Speaker 1: that was something that John McCain was always about as well.

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00:36:57,280 --> 00:36:59,160
Speaker 1: We need to find more people like that to drive

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00:36:59,239 --> 00:37:03,280
Speaker 1: that uh, drive that home. With all that said, Rick Davis,

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00:37:03,320 --> 00:37:06,280
Speaker 1: does Mitt Romney isolated himself even further if he votes

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00:37:06,600 --> 00:37:10,279
Speaker 1: for Judge Jackson next week. I don't think so. I

670
00:37:10,360 --> 00:37:12,600
Speaker 1: think that people are used to the fact that is

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00:37:13,200 --> 00:37:15,759
Speaker 1: Joe just said this days of old, This was a

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00:37:15,760 --> 00:37:19,960
Speaker 1: pretty routine vote. If you felt like confirmation, you did. Uh.

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00:37:20,000 --> 00:37:21,719
Speaker 1: And And so no, I don't think this is a

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00:37:21,760 --> 00:37:24,640
Speaker 1: political issue for him in in in Utah or anywhere else.

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00:37:24,760 --> 00:37:28,360
Speaker 1: And in the same for Makowski or Collins. Uh. These

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00:37:28,400 --> 00:37:30,799
Speaker 1: these folks have a free choice, and I don't think

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00:37:30,840 --> 00:37:33,719
Speaker 1: anybody's gonna hold it against him. Man, Wait, now where

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00:37:33,719 --> 00:37:38,120
Speaker 1: else you're gonna hear a rational conversation like this about

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00:37:38,200 --> 00:37:41,080
Speaker 1: any of these topics. I can't thank you enough, Rick

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00:37:41,160 --> 00:37:43,759
Speaker 1: Davis and Joe Crowley. Joe, thanks for coming around. I

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00:37:43,800 --> 00:37:45,759
Speaker 1: look forward to the next turn. And Rick, have a

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00:37:45,760 --> 00:37:49,160
Speaker 1: great weekend. Bloomberg Politics contributor and part of the family.

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00:37:49,200 --> 00:37:53,080
Speaker 1: Here at sound On, brought to you by the New

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00:37:53,160 --> 00:37:56,960
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688
00:38:07,160 --> 00:38:09,200
Speaker 1: up late for the broadcast today, while you've got to

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00:38:09,239 --> 00:38:13,640
Speaker 1: subscribe to the podcast sound on wherever you get your podcasts,

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00:38:14,080 --> 00:38:15,960
Speaker 1: and I'll tell you something. I'm gonna miss you for

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Speaker 1: one whole week, So just fasten the chin strap. The

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Speaker 1: fastest hour in politics shall return. I'm Joe Matthew. This

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