1 00:00:03,200 --> 00:00:07,440 Speaker 1: Live from our nation's capital. This is Bloomberg sound On 2 00:00:08,760 --> 00:00:12,799 Speaker 1: talking about a huge issue. Here is investment in marginalized communities. 3 00:00:13,039 --> 00:00:16,280 Speaker 1: They want to deconstructive package and cherry pick what they 4 00:00:16,320 --> 00:00:19,480 Speaker 1: like what they don't like. China is surgeon powered with 5 00:00:19,640 --> 00:00:24,680 Speaker 1: major investments. Bloomberg Sound On, the insiders, the influencers, the 6 00:00:24,760 --> 00:00:28,440 Speaker 1: insns Siding has promised again and again it he will 7 00:00:28,600 --> 00:00:31,920 Speaker 1: unite the country. Who do you think Biden has to 8 00:00:32,000 --> 00:00:35,720 Speaker 1: watch in terms of moderate defectors infu the structure has 9 00:00:35,840 --> 00:00:40,680 Speaker 1: always Bloomgard part of Bloomberg sound On on Bloomberg Radio. 10 00:00:42,880 --> 00:00:45,680 Speaker 1: Welcome to sound On. I'm Genie Shandon saying, oh and 11 00:00:45,720 --> 00:00:48,800 Speaker 1: I'm here today with the always wonderful Roger Fisk. In 12 00:00:48,840 --> 00:00:51,000 Speaker 1: a few minutes, we're going to hear from White House 13 00:00:51,080 --> 00:00:54,400 Speaker 1: National Climate Advisor Gina McCarthy. Then later we're going to 14 00:00:54,480 --> 00:00:57,360 Speaker 1: be speaking with two congress people from different sides of 15 00:00:57,400 --> 00:01:01,360 Speaker 1: the aisle, Representative French Hill of Arkansas and Hailey Stevens 16 00:01:01,480 --> 00:01:05,920 Speaker 1: of Michigan. Har Bloomberg Television and Bloomberg Radio audience welcomes 17 00:01:06,000 --> 00:01:10,039 Speaker 1: Gena McCarthy, White House National Climate Advisor, Gina, thank you 18 00:01:10,080 --> 00:01:13,000 Speaker 1: so much for joining us obviously good to see the 19 00:01:13,040 --> 00:01:16,440 Speaker 1: President there touring that Forward plant looking at a battery 20 00:01:16,560 --> 00:01:20,200 Speaker 1: powered board F one fifty talk to us about his 21 00:01:20,319 --> 00:01:23,560 Speaker 1: ambitious plan. What has the President already done and what 22 00:01:23,640 --> 00:01:26,960 Speaker 1: does he plan to do to stop or even reverse 23 00:01:27,360 --> 00:01:31,399 Speaker 1: the effects of climate change. Well, the good news about 24 00:01:31,440 --> 00:01:34,280 Speaker 1: today is he spent a little bit of time in Dearburn, Michigan. 25 00:01:34,520 --> 00:01:37,000 Speaker 1: How you went to the Forward e V Center to 26 00:01:37,080 --> 00:01:40,679 Speaker 1: really look at showing people what the newest F one 27 00:01:40,800 --> 00:01:44,280 Speaker 1: fifty looks like. It's electric And it was a great 28 00:01:44,319 --> 00:01:46,959 Speaker 1: opportunity for him to talk about the plans that he 29 00:01:47,000 --> 00:01:50,440 Speaker 1: has in the United States for winning the future. He 30 00:01:50,560 --> 00:01:53,800 Speaker 1: wants to make sure that we recognize that electric vehicles 31 00:01:53,800 --> 00:01:57,000 Speaker 1: are of the future and that his American Jobs Plan 32 00:01:57,480 --> 00:01:59,800 Speaker 1: has all of the elements in it that will allow 33 00:01:59,840 --> 00:02:02,800 Speaker 1: the future to be won by the United States of America. 34 00:02:03,160 --> 00:02:06,360 Speaker 1: When he was at that Dearborn plant, he was standing 35 00:02:06,400 --> 00:02:11,000 Speaker 1: with you with United Auto Workers union workers who are 36 00:02:11,040 --> 00:02:14,600 Speaker 1: making that plant, that who are making that vehicle, and 37 00:02:14,639 --> 00:02:17,160 Speaker 1: that vehicle was made with parts that were built in 38 00:02:17,240 --> 00:02:21,239 Speaker 1: twenty different states in the United States of America. We're 39 00:02:21,240 --> 00:02:25,360 Speaker 1: talking about batteries now being manufactured in America. You know, 40 00:02:25,440 --> 00:02:28,920 Speaker 1: the President is concerned that China is far ahead of 41 00:02:29,000 --> 00:02:32,120 Speaker 1: us in the electric vehicle market and instead of producing 42 00:02:32,160 --> 00:02:36,440 Speaker 1: the technologies of the future, we're importing them from somewhere else. 43 00:02:36,720 --> 00:02:39,440 Speaker 1: It is time for that to shift around. So the 44 00:02:39,480 --> 00:02:42,880 Speaker 1: President has an American Jobs Plan where he's looking to 45 00:02:43,040 --> 00:02:46,520 Speaker 1: invest more than a hundred and seventy billion dollars and 46 00:02:46,560 --> 00:02:49,760 Speaker 1: he's going to build out the electric charging stations that 47 00:02:49,840 --> 00:02:53,200 Speaker 1: we need for consumers to buy these vehicles and feel 48 00:02:53,240 --> 00:02:55,799 Speaker 1: confident that they can get where they want to go 49 00:02:55,840 --> 00:03:00,120 Speaker 1: and back again. He's looking at um actually provide and 50 00:03:00,160 --> 00:03:03,720 Speaker 1: consumer rebates at the point of sale. He's looking for 51 00:03:04,080 --> 00:03:08,160 Speaker 1: low interest loans, grants and other opportunities to work with 52 00:03:08,400 --> 00:03:12,680 Speaker 1: battery manufacturing so that we steal that supply chain back 53 00:03:13,080 --> 00:03:15,800 Speaker 1: to the United States again instead of seeding it to 54 00:03:15,880 --> 00:03:19,800 Speaker 1: other countries. And he's looking at opportunities to continue to 55 00:03:19,960 --> 00:03:23,240 Speaker 1: advance not just in the electric vehicle sector, but in 56 00:03:23,320 --> 00:03:28,000 Speaker 1: other sectors, to show that the United States, following this pandemic, 57 00:03:28,320 --> 00:03:31,400 Speaker 1: we are going to not ask for sacrifice for our people. 58 00:03:31,720 --> 00:03:34,960 Speaker 1: We're going to design a plan that gets up people 59 00:03:35,120 --> 00:03:37,560 Speaker 1: right in the mix of the best union jobs that 60 00:03:37,640 --> 00:03:40,360 Speaker 1: they can have, and we're gonna grow those jobs, and 61 00:03:40,360 --> 00:03:44,400 Speaker 1: we're gonna grab the manufacturing sector back again right here 62 00:03:44,400 --> 00:03:49,080 Speaker 1: in the United States. The President's plan calls for seven 63 00:03:49,120 --> 00:03:53,120 Speaker 1: hundred billion dollars in infrastructure improvements, including the electric car 64 00:03:53,200 --> 00:03:56,560 Speaker 1: charging structure, which you mentioned. But there is no legislation 65 00:03:56,600 --> 00:03:59,720 Speaker 1: at this point moving through Congress to get the necessary 66 00:03:59,720 --> 00:04:03,280 Speaker 1: fund and regulations for this plan. What is the administration 67 00:04:03,360 --> 00:04:07,200 Speaker 1: doing about that? Well, there are actually a number of 68 00:04:07,360 --> 00:04:11,920 Speaker 1: a number of pieces of legislation that looks to support 69 00:04:12,000 --> 00:04:15,360 Speaker 1: parts of the American Jobs Plan. But the President really 70 00:04:15,400 --> 00:04:19,039 Speaker 1: wanted to put together this two trillion dollar plan to 71 00:04:19,160 --> 00:04:22,159 Speaker 1: show that we are actually going to be back on 72 00:04:22,320 --> 00:04:26,200 Speaker 1: track to capture the future again. He wants an investment 73 00:04:26,240 --> 00:04:29,160 Speaker 1: that's right size for this moment, a once in a 74 00:04:29,279 --> 00:04:33,119 Speaker 1: generation investment, and that's what this represents. It's not only 75 00:04:33,160 --> 00:04:37,640 Speaker 1: just looking at electric charging stations. It's looking at making 76 00:04:37,680 --> 00:04:41,800 Speaker 1: trans the transmission grid system works and renewable energy is 77 00:04:41,839 --> 00:04:45,520 Speaker 1: available all across the United States. Its investment and our 78 00:04:45,560 --> 00:04:49,040 Speaker 1: water and our waste water infrastructure is going to repair 79 00:04:49,200 --> 00:04:52,520 Speaker 1: roads and bridges. It's going to look at the kind 80 00:04:52,560 --> 00:04:56,760 Speaker 1: of investments in America that you expect a president to make. 81 00:04:57,040 --> 00:05:00,800 Speaker 1: Who cares about people and knows that it's not about sacrifice, 82 00:05:01,080 --> 00:05:04,800 Speaker 1: it's about hope and opportunity that this moment brings, and 83 00:05:04,880 --> 00:05:07,920 Speaker 1: he's going to capture it. So you're absolutely right. There's 84 00:05:08,000 --> 00:05:11,880 Speaker 1: numbers of pieces of legislation over there that have not passed, 85 00:05:12,120 --> 00:05:16,039 Speaker 1: but he's sitting even today, we have folks sitting together, 86 00:05:16,120 --> 00:05:20,040 Speaker 1: Democrats and Republicans looking at what we can put together 87 00:05:20,600 --> 00:05:24,760 Speaker 1: UM with by in a bipartisan way to move this 88 00:05:24,760 --> 00:05:28,279 Speaker 1: this plan forward. But this president has made it very 89 00:05:28,279 --> 00:05:31,600 Speaker 1: clear that this plan needs to be bold, it needs 90 00:05:31,680 --> 00:05:34,440 Speaker 1: to be big, and it needs to meet this moment 91 00:05:34,520 --> 00:05:39,919 Speaker 1: in time. But if Republicans were a bit uh sort 92 00:05:39,920 --> 00:05:42,640 Speaker 1: of not that excited about that that the job's plan, 93 00:05:42,760 --> 00:05:45,400 Speaker 1: the reaction was a bit muted. At what point then 94 00:05:45,440 --> 00:05:49,040 Speaker 1: does the president move forward with Democrats in the majority 95 00:05:49,520 --> 00:05:53,360 Speaker 1: um with his plan. Well, the point is not now. 96 00:05:54,120 --> 00:05:56,720 Speaker 1: The point right now is to work with Republicans as 97 00:05:56,760 --> 00:05:59,400 Speaker 1: best we can, and then the President will make a 98 00:05:59,440 --> 00:06:02,240 Speaker 1: decision on what to do next. But I think we 99 00:06:02,320 --> 00:06:06,280 Speaker 1: all know that President Biden has been in office for 100 00:06:06,320 --> 00:06:10,000 Speaker 1: a long time working across the aisle. He's hoping to 101 00:06:10,080 --> 00:06:13,480 Speaker 1: do that once again. But he's not going to wait forever. 102 00:06:14,000 --> 00:06:16,279 Speaker 1: He knows that this is a moment in time when 103 00:06:16,320 --> 00:06:19,440 Speaker 1: we have to invest, and he's looking at everything from 104 00:06:19,480 --> 00:06:24,080 Speaker 1: investments in broadband. I mean, the traditional views of investment 105 00:06:24,440 --> 00:06:27,840 Speaker 1: just don't work anymore. Our country needs to grab back 106 00:06:27,880 --> 00:06:31,200 Speaker 1: the future for ourselves, to build some strong, union, good 107 00:06:31,279 --> 00:06:34,920 Speaker 1: paying jobs. We've lost more than twenty two million jobs 108 00:06:34,960 --> 00:06:37,680 Speaker 1: over the course of this pandemic. The President is not 109 00:06:37,800 --> 00:06:40,719 Speaker 1: going to ask for sacrifice. He's going to invest in 110 00:06:40,760 --> 00:06:44,440 Speaker 1: the American people. That's what this is all about, and 111 00:06:44,480 --> 00:06:49,120 Speaker 1: that's why he's so anxious to get it moving forward. Now. 112 00:06:49,279 --> 00:06:53,280 Speaker 1: Less gasoline means less gas tax, and I wonder, would 113 00:06:53,279 --> 00:06:57,279 Speaker 1: you consider a per mile tax on electric cars to 114 00:06:57,520 --> 00:07:00,520 Speaker 1: cover all of these this new mile that will be 115 00:07:00,560 --> 00:07:06,760 Speaker 1: covered by a mass electric fleet. Well, thankfully that's not 116 00:07:06,960 --> 00:07:10,240 Speaker 1: within my bailey Wick. We'll all decide how to make 117 00:07:10,280 --> 00:07:13,400 Speaker 1: sure that we get the resources we need for states 118 00:07:13,440 --> 00:07:16,880 Speaker 1: to actually maintain their roads and bridges. Right now, the 119 00:07:16,920 --> 00:07:20,640 Speaker 1: federal government, through this president's leadership, is looking at re 120 00:07:20,880 --> 00:07:25,400 Speaker 1: energizing our ability to actually fix those old roads and bridges. 121 00:07:25,720 --> 00:07:28,280 Speaker 1: And I'm sure there'll be discussion at the state level 122 00:07:28,320 --> 00:07:31,679 Speaker 1: about how to support that moving forward. But right now, 123 00:07:32,080 --> 00:07:35,880 Speaker 1: The goal is to look at the terrific technologies we 124 00:07:35,960 --> 00:07:39,880 Speaker 1: have available in the transportation sector, to invest in in 125 00:07:40,000 --> 00:07:43,640 Speaker 1: transit again, to get rid of those dirty buses, especially 126 00:07:43,720 --> 00:07:46,320 Speaker 1: school buses. To take a look at how we get 127 00:07:46,360 --> 00:07:49,480 Speaker 1: those old diesel trucks off the road. And yes, to 128 00:07:49,600 --> 00:07:53,560 Speaker 1: build an electric vehicle infrastructure so that we can capture 129 00:07:53,600 --> 00:07:59,200 Speaker 1: that market. Okay, now speaking of electric cars. Elon Muskool, 130 00:07:59,200 --> 00:08:02,040 Speaker 1: of course, is the of test Sla has been very 131 00:08:02,120 --> 00:08:05,960 Speaker 1: vocal about the energy consumption of bitcoin mining, though he 132 00:08:06,000 --> 00:08:09,480 Speaker 1: has and Tesla has invested in bitcoin itself. Are you 133 00:08:09,560 --> 00:08:13,440 Speaker 1: concerned about the energy consumed by crypto mining given how 134 00:08:13,520 --> 00:08:16,560 Speaker 1: much the market has exploded, and are you thinking about 135 00:08:16,600 --> 00:08:21,800 Speaker 1: this from a policy perspective? Of course, we're thinking about 136 00:08:21,920 --> 00:08:25,120 Speaker 1: every sort of energy consumption that we have in the 137 00:08:25,200 --> 00:08:30,040 Speaker 1: United States because we need to right now this decade 138 00:08:30,440 --> 00:08:33,560 Speaker 1: invest in how to turn that around. We do have 139 00:08:33,800 --> 00:08:36,840 Speaker 1: a climate crisis that we owe it to our children 140 00:08:36,880 --> 00:08:39,880 Speaker 1: to tackle, and so you're right to look at every 141 00:08:39,920 --> 00:08:45,120 Speaker 1: opportunity that we can to actually reduce those greenhouse gas emissions. Now, 142 00:08:45,160 --> 00:08:48,720 Speaker 1: I won't speak specifically to that issue at hand, but 143 00:08:48,840 --> 00:08:51,840 Speaker 1: I will say that we're looking at how to how 144 00:08:51,920 --> 00:08:55,080 Speaker 1: to look at every sector of our economy and meet 145 00:08:55,080 --> 00:08:58,360 Speaker 1: our commitment that we made to the international community when 146 00:08:58,720 --> 00:09:02,120 Speaker 1: we rejoined parents, which is how we can cut our 147 00:09:02,120 --> 00:09:07,160 Speaker 1: greenhouse gas emissions in half by twenty thirty and that's 148 00:09:07,200 --> 00:09:11,199 Speaker 1: a task that we're taking seriously. We've looked at every sector, 149 00:09:11,559 --> 00:09:14,439 Speaker 1: including the mining sector, the oil and gas sector. We 150 00:09:14,559 --> 00:09:18,560 Speaker 1: looked at at our transportation sector, will looked at housing 151 00:09:18,559 --> 00:09:21,199 Speaker 1: and how we can move forward. And the good news 152 00:09:21,280 --> 00:09:26,240 Speaker 1: is that we have tremendous opportunities for deployment of already 153 00:09:26,280 --> 00:09:30,680 Speaker 1: existing technology that can get help us get that that 154 00:09:30,800 --> 00:09:34,559 Speaker 1: reduction that we so desperately need to show the world 155 00:09:34,640 --> 00:09:37,000 Speaker 1: that we are back in action in the United States. 156 00:09:37,200 --> 00:09:40,600 Speaker 1: We're going to provide international leadership. But there is no 157 00:09:40,679 --> 00:09:43,880 Speaker 1: doubt that the challenge of climate change is big and 158 00:09:44,000 --> 00:09:47,200 Speaker 1: fixing it is going to take investments, and that's why 159 00:09:47,240 --> 00:09:50,680 Speaker 1: the President is out in front and hoping to move 160 00:09:50,760 --> 00:09:53,920 Speaker 1: forward that with this level of investment, that will get 161 00:09:53,960 --> 00:09:57,480 Speaker 1: us some reductions this decade, which we need, and then 162 00:09:57,480 --> 00:10:01,480 Speaker 1: we'll move forward with research and development on innovative technologies 163 00:10:01,840 --> 00:10:06,880 Speaker 1: that can get us over the finish line by all right, 164 00:10:07,000 --> 00:10:10,240 Speaker 1: well on behalf of our Bloomberg TV and radio audiences. 165 00:10:10,280 --> 00:10:13,360 Speaker 1: Thank you so much, Gina McCarthy there, White House National Climate. 166 00:10:16,559 --> 00:10:20,559 Speaker 1: That was Bloomberg Technologies Emily Chain speaking with White House 167 00:10:20,600 --> 00:10:24,959 Speaker 1: Climate Zzar Gina McCarthy in a really fascinating interview that 168 00:10:25,080 --> 00:10:28,640 Speaker 1: touched on a lot of issues, particularly some of the 169 00:10:28,679 --> 00:10:31,280 Speaker 1: things that Joe Biden had to say. President Biden has 170 00:10:31,320 --> 00:10:34,880 Speaker 1: to say during his visit to Michigan today. I am 171 00:10:34,960 --> 00:10:39,559 Speaker 1: Genie Schanzano, and I am joined by Roger Fisk, democratic 172 00:10:39,600 --> 00:10:43,719 Speaker 1: strategist and longtime President Obama aid and principle of New 173 00:10:43,800 --> 00:10:47,360 Speaker 1: Day Strategy. And Roger, I know you've been listening here 174 00:10:47,400 --> 00:10:50,079 Speaker 1: along with me. What's your reaction to some of what 175 00:10:50,440 --> 00:10:56,400 Speaker 1: Gina McCarthy had to say about the president's trip today. Well, first, Genie, 176 00:10:56,400 --> 00:10:58,320 Speaker 1: it's wonderful to be here with you, and I look 177 00:10:58,360 --> 00:11:00,640 Speaker 1: back with great fondness when you and I first appeared 178 00:11:00,640 --> 00:11:03,280 Speaker 1: together with Rick Davis, and that was a wonderful conversation. 179 00:11:03,320 --> 00:11:05,520 Speaker 1: And I and I will make every effort to make 180 00:11:05,559 --> 00:11:10,120 Speaker 1: a second installment in that um here this evening. UM. Obviously, 181 00:11:10,160 --> 00:11:13,160 Speaker 1: they have a very clear vision of where they want 182 00:11:13,200 --> 00:11:15,000 Speaker 1: to go, and I think what you heard her say 183 00:11:15,160 --> 00:11:19,559 Speaker 1: left somewhat unresolved is exactly what components of existing legislative 184 00:11:19,600 --> 00:11:21,920 Speaker 1: vehicles are going to be stitched together to really make 185 00:11:21,960 --> 00:11:26,840 Speaker 1: this kind of a robust, kind of singular push. UM. 186 00:11:26,960 --> 00:11:29,480 Speaker 1: But I think they know where they want to go, 187 00:11:29,840 --> 00:11:32,680 Speaker 1: and now it's really just kind of blocking and tackling 188 00:11:32,760 --> 00:11:35,000 Speaker 1: some of the legislative steps that's going to allow them 189 00:11:35,040 --> 00:11:37,320 Speaker 1: to get there. And I think that, you know, then 190 00:11:37,320 --> 00:11:39,800 Speaker 1: they have to really reach out and and see if 191 00:11:39,840 --> 00:11:42,440 Speaker 1: they can peel off some Republican votes. So now the 192 00:11:42,480 --> 00:11:45,920 Speaker 1: hard part starts, that's right, And one of the things 193 00:11:45,960 --> 00:11:50,079 Speaker 1: that um McCarthy said was the plan needs to be bold, 194 00:11:50,120 --> 00:11:52,280 Speaker 1: it needs to be big, and it needs to meet 195 00:11:52,360 --> 00:11:56,000 Speaker 1: the time. And I think Emily asked her the absolute 196 00:11:56,080 --> 00:11:58,400 Speaker 1: on point question, which I'm going to throw to you. 197 00:11:58,880 --> 00:12:01,760 Speaker 1: Does that mean it is now time to move forward 198 00:12:01,840 --> 00:12:07,199 Speaker 1: without Republicans? Well, I think that the president is sincere 199 00:12:07,280 --> 00:12:10,480 Speaker 1: when he wants to reach out. I mean that, I 200 00:12:10,520 --> 00:12:13,840 Speaker 1: think he's demonstrated that throughout his career and UM ended 201 00:12:13,880 --> 00:12:16,080 Speaker 1: up working on a variety of bills UM that he 202 00:12:16,080 --> 00:12:19,200 Speaker 1: actually had to uh face some pretty tough questions on 203 00:12:19,360 --> 00:12:22,120 Speaker 1: during the primaries, as we can all remember. But there's 204 00:12:22,120 --> 00:12:24,600 Speaker 1: a calendar component to this, right, if you go all 205 00:12:24,640 --> 00:12:27,000 Speaker 1: the way back, just to look at the last four 206 00:12:27,040 --> 00:12:30,640 Speaker 1: or five presidents, the tax cuts of President Reagan, the 207 00:12:30,640 --> 00:12:34,880 Speaker 1: Americans with Disabilities Act with President Bush sr UM, the 208 00:12:34,920 --> 00:12:39,120 Speaker 1: deficit reduction steps of President Clinton, uh, the tax cuts 209 00:12:39,120 --> 00:12:42,920 Speaker 1: of President Bush, and then Obamacare for President Obama. All 210 00:12:42,960 --> 00:12:46,040 Speaker 1: of those things, at least domestically and legislatively happened in 211 00:12:46,040 --> 00:12:49,560 Speaker 1: the first two years. And I think these folks are 212 00:12:49,559 --> 00:12:51,599 Speaker 1: acutely aware of the fact that whatever they're going to 213 00:12:51,679 --> 00:12:54,040 Speaker 1: get done is not necessarily even in the first two years. 214 00:12:54,080 --> 00:12:57,160 Speaker 1: It's this year, because we get into next year and 215 00:12:57,200 --> 00:13:01,200 Speaker 1: then the calendar starts to orient itself around the mid terms, right, 216 00:13:01,600 --> 00:13:04,680 Speaker 1: and then you're gonna see some of the Democrats that 217 00:13:04,720 --> 00:13:07,280 Speaker 1: are in swing districts needing to create a little bit 218 00:13:07,280 --> 00:13:09,640 Speaker 1: of space as they head into their cycle and things 219 00:13:09,679 --> 00:13:12,200 Speaker 1: like that. So I think they're very aware of the 220 00:13:12,240 --> 00:13:16,199 Speaker 1: fact that the driving achievements of the Obama or rather 221 00:13:16,280 --> 00:13:19,320 Speaker 1: of the Biden administration are really going to happen this year. 222 00:13:20,080 --> 00:13:24,000 Speaker 1: And that's something we've seen in the modern presidency. Um, 223 00:13:24,040 --> 00:13:28,160 Speaker 1: as you mentioned, very difficult after year one, maybe year 224 00:13:28,240 --> 00:13:30,720 Speaker 1: one and a half if you're lucky to get those 225 00:13:30,760 --> 00:13:33,600 Speaker 1: big bills through, So you're right to mention there in 226 00:13:33,640 --> 00:13:36,520 Speaker 1: a push, and that's why we hear people like Nancy 227 00:13:36,559 --> 00:13:39,720 Speaker 1: Pelosi and others giving what I think of our fairly 228 00:13:39,800 --> 00:13:43,240 Speaker 1: early dates of July. But I do think they know 229 00:13:43,400 --> 00:13:46,800 Speaker 1: that the clock is ticking. Um. As I've been talking 230 00:13:47,000 --> 00:13:50,280 Speaker 1: to Roger Um, we were talking about the President being 231 00:13:50,320 --> 00:13:54,360 Speaker 1: in Michigan today and we do have some sound on 232 00:13:54,480 --> 00:13:57,480 Speaker 1: what he had to say. He was talking about the 233 00:13:57,520 --> 00:14:01,040 Speaker 1: fact that we need to reposition autoworkers and other workers 234 00:14:01,040 --> 00:14:05,400 Speaker 1: to take on jobs and new technologies like electric vehicles. 235 00:14:05,480 --> 00:14:08,520 Speaker 1: He was sounding the alarm about how far China has 236 00:14:08,559 --> 00:14:13,240 Speaker 1: come in renewable technologies and electric vehicles. We have sound 237 00:14:13,320 --> 00:14:17,720 Speaker 1: on that. They think they're gonna win, Well, I got 238 00:14:17,760 --> 00:14:22,400 Speaker 1: news for them. They will not win this race. We 239 00:14:22,480 --> 00:14:26,920 Speaker 1: can't let them. We have to move fast, and that's 240 00:14:26,960 --> 00:14:31,680 Speaker 1: what you're doing here. President Biden also said that we 241 00:14:31,720 --> 00:14:34,560 Speaker 1: are in a race for the future and we cannot 242 00:14:35,200 --> 00:14:38,640 Speaker 1: afford rather to fall behind. We have sound on that. 243 00:14:39,160 --> 00:14:42,840 Speaker 1: Real question is whether will lead or will fall behind 244 00:14:42,960 --> 00:14:46,040 Speaker 1: in the race of the future. Whether we'll build these 245 00:14:46,160 --> 00:14:48,920 Speaker 1: vehicles and the batteries that go in them here in 246 00:14:48,960 --> 00:14:52,200 Speaker 1: the United States rely on other countries, or whether the 247 00:14:52,320 --> 00:14:55,520 Speaker 1: jobs to build these vehicles and batteries are good paying 248 00:14:55,640 --> 00:14:59,760 Speaker 1: union jobs with benefits, jobs will sustain and grow the 249 00:14:59,760 --> 00:15:04,040 Speaker 1: middle class. So, Roger, one of the things I noted 250 00:15:04,320 --> 00:15:06,880 Speaker 1: was that, of course there's several sticking points, as we 251 00:15:06,880 --> 00:15:09,560 Speaker 1: were just talking about between Democrats and Republicans, what is 252 00:15:09,600 --> 00:15:13,120 Speaker 1: infrastructure being one of them. Another, of course, how to 253 00:15:13,200 --> 00:15:17,240 Speaker 1: pay for it? And Secretary Janet Yellen was before the 254 00:15:17,360 --> 00:15:21,960 Speaker 1: US Chamber of Commerce today making the case that, as 255 00:15:22,000 --> 00:15:26,120 Speaker 1: the President has been saying, we need to increase taxes 256 00:15:26,160 --> 00:15:29,960 Speaker 1: on the wealthy and corporations, but I'm not convinced that 257 00:15:30,000 --> 00:15:33,520 Speaker 1: they're making much headway there. What is your view on 258 00:15:33,560 --> 00:15:37,240 Speaker 1: this payment issue and whether in fact the administration can 259 00:15:37,320 --> 00:15:41,480 Speaker 1: move the needle with Republicans on this. Well, it's very interesting, 260 00:15:41,560 --> 00:15:44,800 Speaker 1: right because for the last four years, one of the 261 00:15:44,920 --> 00:15:48,440 Speaker 1: central principles of the Republican Party being uh an aversion 262 00:15:48,440 --> 00:15:52,120 Speaker 1: to deficits, funding spending and growing our debt seemed to 263 00:15:52,240 --> 00:15:55,480 Speaker 1: kind of go into a bit of a limbo, and 264 00:15:55,480 --> 00:15:58,640 Speaker 1: and they were relatively muted when it came to more 265 00:15:58,720 --> 00:16:01,440 Speaker 1: borrowing and things like that. So they have to kind 266 00:16:01,480 --> 00:16:04,760 Speaker 1: of try to gently pivot or at least gracefully and 267 00:16:04,800 --> 00:16:08,560 Speaker 1: try to bring back those fiscal restraint kind of instincts 268 00:16:08,560 --> 00:16:11,680 Speaker 1: as if they've been there all along, and ideally sidestep 269 00:16:11,720 --> 00:16:14,440 Speaker 1: the idea of having to explain why they were asleep 270 00:16:14,520 --> 00:16:18,920 Speaker 1: for four years. To the president's credit, um, he did 271 00:16:19,280 --> 00:16:23,040 Speaker 1: essentially lay this out in the campaign exactly how he 272 00:16:23,080 --> 00:16:27,000 Speaker 1: was going to fund it. And it's interesting because uh 273 00:16:27,040 --> 00:16:29,640 Speaker 1: in one sense, and the market reacts in different ways 274 00:16:29,640 --> 00:16:33,360 Speaker 1: for this as well. When a large proposal like this 275 00:16:33,560 --> 00:16:37,000 Speaker 1: is laid out, then there's obviously kind of supply chain 276 00:16:37,040 --> 00:16:39,360 Speaker 1: optimism and any number of other things that come about 277 00:16:39,400 --> 00:16:41,560 Speaker 1: around it. And then all of a sudden it's going 278 00:16:41,600 --> 00:16:45,320 Speaker 1: to be financed by borrowing. Then that comes back around 279 00:16:45,360 --> 00:16:47,000 Speaker 1: and take some of the wind out of that sales. 280 00:16:47,400 --> 00:16:48,960 Speaker 1: But then if it comes around and the and the 281 00:16:49,000 --> 00:16:52,240 Speaker 1: funding mechanism is going to be taxes, then that has 282 00:16:51,800 --> 00:16:56,040 Speaker 1: a secondary impact as well. Um I would I would 283 00:16:56,400 --> 00:16:59,080 Speaker 1: I would suggest I guess that the more sober and 284 00:16:59,520 --> 00:17:02,080 Speaker 1: respond ciple path is to at least lay out how 285 00:17:02,120 --> 00:17:03,840 Speaker 1: you're going to pay for it so you don't get 286 00:17:03,880 --> 00:17:08,040 Speaker 1: the country in more debt. But it'll be very interesting because, um, 287 00:17:08,080 --> 00:17:09,800 Speaker 1: how this is going to play out and you're going 288 00:17:09,840 --> 00:17:13,360 Speaker 1: to get down to, you know, the district by district 289 00:17:13,880 --> 00:17:15,639 Speaker 1: kind of number of jobs and things like that that 290 00:17:15,680 --> 00:17:17,000 Speaker 1: are going to get a piece of the pie. You 291 00:17:17,119 --> 00:17:20,760 Speaker 1: heard miss McCarthy talk about how twenty states source that 292 00:17:20,920 --> 00:17:24,439 Speaker 1: Ford f one fifty and I think we can both agree, 293 00:17:24,840 --> 00:17:28,440 Speaker 1: you know, knowing modern lobbying and modern sourcing as we do, 294 00:17:28,840 --> 00:17:32,520 Speaker 1: that the that the districts that represent those twenty states 295 00:17:32,600 --> 00:17:34,640 Speaker 1: and where those parts are coming from has been very 296 00:17:34,640 --> 00:17:37,560 Speaker 1: specifically chosen, and I bet you could cross reference them 297 00:17:37,560 --> 00:17:40,760 Speaker 1: with some very influential committee seats on on Capitol Hill. 298 00:17:41,440 --> 00:17:44,320 Speaker 1: It's a really good point. And Roger, I know you 299 00:17:44,359 --> 00:17:46,840 Speaker 1: are going to be just as happy as I am 300 00:17:47,160 --> 00:17:50,959 Speaker 1: because we have a Congressman French Hill on the line. 301 00:17:51,440 --> 00:17:55,920 Speaker 1: He is from Arkansas's second district and Congressman Hill, it's 302 00:17:56,000 --> 00:17:59,119 Speaker 1: always a pleasure to talk to you on Bloomberg Radio 303 00:17:59,600 --> 00:18:04,119 Speaker 1: and just talking here with with with my co host 304 00:18:04,160 --> 00:18:08,080 Speaker 1: here today, Roger Fisk, about some of the President's comments 305 00:18:08,119 --> 00:18:12,440 Speaker 1: today in Michigan as it pertains to his infrastructure bill 306 00:18:12,480 --> 00:18:15,240 Speaker 1: and how they're going to pay for it. Um, did 307 00:18:15,320 --> 00:18:18,480 Speaker 1: you have any reaction to either the President's trip to 308 00:18:18,560 --> 00:18:22,120 Speaker 1: Michigan today or to Secretary Yellin's comments before the US 309 00:18:22,240 --> 00:18:26,520 Speaker 1: Chamber of Commerce, Virginie, it's good to be with you 310 00:18:26,640 --> 00:18:30,720 Speaker 1: and enjoyed hearing Rogers comments. I think the issue on 311 00:18:30,840 --> 00:18:35,159 Speaker 1: infrastructure for both Democrats and Republicans is precisely the definition 312 00:18:35,160 --> 00:18:39,680 Speaker 1: of infrastructure. Republicans in both the House and Senate are 313 00:18:39,720 --> 00:18:43,920 Speaker 1: focused on that more traditional definition of surface transportation. And 314 00:18:44,040 --> 00:18:48,919 Speaker 1: the president's original proposal, his Grand UH proposal, it was 315 00:18:49,040 --> 00:18:53,439 Speaker 1: principally not surface transportation. It is mostly an approach that 316 00:18:53,480 --> 00:18:57,800 Speaker 1: everything is green, do NEI gream New deal related. So 317 00:18:58,520 --> 00:19:02,359 Speaker 1: the Senate Republicans of how Republicans are talking about something 318 00:19:02,400 --> 00:19:06,399 Speaker 1: that's much for surface transportation oriented. And I think the 319 00:19:06,440 --> 00:19:08,520 Speaker 1: issue of pay force, what you just talked about, is 320 00:19:08,560 --> 00:19:11,440 Speaker 1: something that should be considered and talked about very carefully 321 00:19:11,440 --> 00:19:16,240 Speaker 1: on about partisan basis, because that too is controversial not 322 00:19:16,400 --> 00:19:20,000 Speaker 1: among Republicans and Democrats, but inside the Republican or the 323 00:19:20,040 --> 00:19:25,280 Speaker 1: Democratic caucus where they're fighting over granting new tax breaks 324 00:19:25,359 --> 00:19:29,359 Speaker 1: for the wealthy in both California and in New York 325 00:19:29,440 --> 00:19:33,640 Speaker 1: as an essential component. And Congressman Hill, before we bring 326 00:19:33,760 --> 00:19:36,120 Speaker 1: Roger in here, you just said the word of the day, 327 00:19:36,119 --> 00:19:39,560 Speaker 1: which is bipartisanship, and I wanted to ask you if 328 00:19:39,560 --> 00:19:42,479 Speaker 1: you could say a few words about the bill that 329 00:19:43,119 --> 00:19:47,320 Speaker 1: you pushed for that past the House unanimously today speaking 330 00:19:47,320 --> 00:19:51,280 Speaker 1: of bipartisanship, the SAVE Act, and I have to say, 331 00:19:51,359 --> 00:19:54,040 Speaker 1: in my reading, it does something government doesn't seem to 332 00:19:54,080 --> 00:19:56,520 Speaker 1: do enough, which is think ahead. So I wonder if 333 00:19:56,520 --> 00:19:58,840 Speaker 1: you could tell us a little bit about this piece 334 00:19:58,880 --> 00:20:02,600 Speaker 1: of legislation you've been pushing for. Well. I introduced it 335 00:20:02,600 --> 00:20:06,160 Speaker 1: originally and early in the pandemic last April a year ago, 336 00:20:06,240 --> 00:20:08,280 Speaker 1: and I worked on it with my friends from California, 337 00:20:08,400 --> 00:20:12,520 Speaker 1: Juan Vargus, a Democrats who represents his home of San Diego. 338 00:20:13,240 --> 00:20:16,280 Speaker 1: And it does it insists on planning using the Defense 339 00:20:16,359 --> 00:20:20,040 Speaker 1: Production Act, on doing strategic planning so that we're better 340 00:20:20,119 --> 00:20:24,120 Speaker 1: prepared the next time we face a nationwide public health 341 00:20:24,160 --> 00:20:29,199 Speaker 1: pandemic like we did. America was unprepared this time in 342 00:20:29,280 --> 00:20:32,800 Speaker 1: the spring of I said, it's like being at low 343 00:20:32,880 --> 00:20:36,160 Speaker 1: tide with no bathing suit on. We were caught without 344 00:20:36,200 --> 00:20:41,639 Speaker 1: sufficient supply, sufficient supply chain. The SAVE Act has the 345 00:20:41,760 --> 00:20:45,359 Speaker 1: d p A, the Defense Production Act Strategic Plan for 346 00:20:45,480 --> 00:20:49,720 Speaker 1: medical supplies, both PPE and the critical pharmaceutical components in 347 00:20:49,840 --> 00:20:54,679 Speaker 1: medical devices and I remember that very very well. And 348 00:20:54,840 --> 00:20:57,119 Speaker 1: Roger in the minute we have left because I know 349 00:20:57,560 --> 00:21:01,920 Speaker 1: we we have always restricted time. But Roger, can can 350 00:21:02,119 --> 00:21:04,240 Speaker 1: you just follow up on some of what you were 351 00:21:04,240 --> 00:21:08,879 Speaker 1: talking about before the congressman joined us. Well, yeah, and Congressman, 352 00:21:08,920 --> 00:21:11,280 Speaker 1: thank you so much. Um. One of the things in 353 00:21:11,400 --> 00:21:14,640 Speaker 1: international trade, uh that people don't understand is how much 354 00:21:14,800 --> 00:21:19,280 Speaker 1: non legislative things impact our trade relationship. You've worked a 355 00:21:19,280 --> 00:21:23,560 Speaker 1: lot on the China being categorized as a developing country 356 00:21:23,560 --> 00:21:25,560 Speaker 1: with the World Bank. Maybe you could share a little 357 00:21:25,560 --> 00:21:28,080 Speaker 1: bit with our listeners why that matters and you're doing 358 00:21:28,160 --> 00:21:30,080 Speaker 1: And I'm so sorry, Congressman will have to be brief 359 00:21:30,119 --> 00:21:33,120 Speaker 1: because we have a hard out in one minute. Your 360 00:21:33,119 --> 00:21:35,440 Speaker 1: bet No, Roger brings up a good point, which is 361 00:21:35,480 --> 00:21:39,240 Speaker 1: on a bappartisan basis. We want more accountability on China's 362 00:21:39,359 --> 00:21:42,560 Speaker 1: role in the multilateral development banks like the I m 363 00:21:42,640 --> 00:21:45,280 Speaker 1: F and the World Bank. We believe China is the 364 00:21:45,400 --> 00:21:49,560 Speaker 1: largest creditor with the largest current account surplus should graduate 365 00:21:49,720 --> 00:21:53,200 Speaker 1: from a developing country status. That's important in the multi 366 00:21:53,240 --> 00:21:55,359 Speaker 1: ladder and learning, and it's important as it relates to 367 00:21:55,400 --> 00:21:58,639 Speaker 1: the climate debate. Thank you, Congressman Hill and what a 368 00:21:58,720 --> 00:22:01,760 Speaker 1: fabulous work you've done that bill you had pass unanimously 369 00:22:01,920 --> 00:22:05,000 Speaker 1: today And I am Genie chanzay No here with Roger Fisk, 370 00:22:05,240 --> 00:22:09,959 Speaker 1: Democratic strategist and longtime President Obama AID and principle of 371 00:22:10,040 --> 00:22:14,919 Speaker 1: New Day Strategy UM. We learned on Friday that the 372 00:22:15,000 --> 00:22:20,040 Speaker 1: leaders of the Homeland Security Committee Chairman Benny Thompson, Democrat 373 00:22:20,080 --> 00:22:24,159 Speaker 1: of Mississippi and Representative John Katco of New York, the 374 00:22:24,240 --> 00:22:27,320 Speaker 1: top Republican on the panel, had agreed on legislation to 375 00:22:27,400 --> 00:22:32,120 Speaker 1: create a ten member commission to investigate the January six riots, 376 00:22:32,640 --> 00:22:35,560 Speaker 1: and they were supposed to issue a report by December 377 00:22:35,680 --> 00:22:39,160 Speaker 1: thirty one. And one of the key questions that remained 378 00:22:39,160 --> 00:22:42,640 Speaker 1: at that time was weather House Minority Leader Kevin McCarthy 379 00:22:42,680 --> 00:22:45,520 Speaker 1: would support the bill, and we got an answer on 380 00:22:45,640 --> 00:22:49,000 Speaker 1: that today as Kevin McCarthy said, he opposed the legislation 381 00:22:49,040 --> 00:22:52,520 Speaker 1: to create the commission and we should note it as 382 00:22:52,560 --> 00:22:56,080 Speaker 1: a commission, which some lawmakers have suggested he could be 383 00:22:56,119 --> 00:23:01,440 Speaker 1: subpoenaed as a witness. Before in a atement, McCarthy criticized 384 00:23:01,440 --> 00:23:05,439 Speaker 1: Speaker Pelosi, saying she took too much times, too much time, 385 00:23:05,560 --> 00:23:10,200 Speaker 1: and was quote playing political games. We also then heard 386 00:23:10,400 --> 00:23:15,000 Speaker 1: from Leader McConnell and talking to reporters, he said he 387 00:23:15,200 --> 00:23:18,679 Speaker 1: was noncommittal and playing and claim to be concerned that 388 00:23:18,760 --> 00:23:23,159 Speaker 1: such a commission could jeopardize the prosecutions of present and 389 00:23:23,359 --> 00:23:27,520 Speaker 1: possible suspects. And we have sound on that would the 390 00:23:27,600 --> 00:23:32,920 Speaker 1: January six Commission in any way interfere with the UM 391 00:23:33,119 --> 00:23:40,480 Speaker 1: criminal UH investigations and the law enforcement activities. We also 392 00:23:40,560 --> 00:23:45,240 Speaker 1: heard from Majority Leader Chuck Schumer who talked about Republicans 393 00:23:45,320 --> 00:23:50,320 Speaker 1: opposition to this investigation. We have sound on that Republicans 394 00:23:50,320 --> 00:23:53,399 Speaker 1: can let their constituents know are they on the side 395 00:23:53,400 --> 00:23:56,359 Speaker 1: of truth or do they want to cover up for 396 00:23:56,400 --> 00:24:01,080 Speaker 1: the insurrectionists and for Donald Trump. So, Roger, what do 397 00:24:01,160 --> 00:24:03,400 Speaker 1: you make of this back and forth on the commission? 398 00:24:03,480 --> 00:24:05,639 Speaker 1: I have to say I was a bit surprised at 399 00:24:05,680 --> 00:24:09,600 Speaker 1: that this bill that John Katko pushed so hard for 400 00:24:10,000 --> 00:24:13,080 Speaker 1: and worked in a bipartisan manner to get done, or 401 00:24:13,119 --> 00:24:16,560 Speaker 1: at least get put up for a vote, is meeting 402 00:24:16,560 --> 00:24:20,600 Speaker 1: with opposition from his own leader, right, I mean? And 403 00:24:20,600 --> 00:24:23,560 Speaker 1: and also Representative Kako is going in that direction, while 404 00:24:23,600 --> 00:24:27,679 Speaker 1: another representative, Representative Stephonic is going in the opposite direction, 405 00:24:27,720 --> 00:24:32,200 Speaker 1: gravitating more towards UM being an absolutist supporter of the president. 406 00:24:32,200 --> 00:24:34,600 Speaker 1: I mean, this is this is high drama, and I 407 00:24:34,640 --> 00:24:38,480 Speaker 1: think when you reduced it to its essence, you can't 408 00:24:38,560 --> 00:24:42,800 Speaker 1: answer the question of why would someone resist knowing the 409 00:24:42,840 --> 00:24:47,480 Speaker 1: truth about what happened without and bringing into play motives. 410 00:24:47,560 --> 00:24:50,880 Speaker 1: And when people don't want to know something, um, they 411 00:24:50,880 --> 00:24:52,639 Speaker 1: can put a lot of time and effort into not 412 00:24:52,840 --> 00:24:54,840 Speaker 1: knowing something, right, because I think for a lot of 413 00:24:54,840 --> 00:24:58,880 Speaker 1: these folks, specifically the minority minority leader, as you mentioned, 414 00:24:59,119 --> 00:25:02,879 Speaker 1: this doesn't end anywhere good and you could end up 415 00:25:02,880 --> 00:25:06,560 Speaker 1: in situations where people like Senator Lee and Senator Tuberville 416 00:25:06,960 --> 00:25:09,280 Speaker 1: have to talk about how they were actually on the 417 00:25:09,359 --> 00:25:11,960 Speaker 1: phone with the former president at two fifteen or two 418 00:25:12,000 --> 00:25:17,159 Speaker 1: thirty that afternoon twice during their insurrection, uh, and what 419 00:25:17,320 --> 00:25:19,840 Speaker 1: that was like for them, Uh, you know, to be 420 00:25:20,119 --> 00:25:24,200 Speaker 1: talking to the president while these people are are attacking 421 00:25:24,240 --> 00:25:27,400 Speaker 1: the capitol. Um. So this is not you know, sunlight 422 00:25:27,480 --> 00:25:30,280 Speaker 1: is not going to be favorable to this dynamic. But 423 00:25:30,359 --> 00:25:33,240 Speaker 1: at the same time, I think they have to have 424 00:25:33,359 --> 00:25:37,240 Speaker 1: some kind of official record of this because if there's 425 00:25:37,280 --> 00:25:40,840 Speaker 1: not some kind of punctuation on this situation, then it 426 00:25:40,960 --> 00:25:43,679 Speaker 1: just kind of continues on and you just end up 427 00:25:43,680 --> 00:25:48,040 Speaker 1: with a huge constellation of theories and conclusions about what happened, 428 00:25:48,320 --> 00:25:51,480 Speaker 1: rather than something officials that at least kind of punctuates 429 00:25:51,520 --> 00:25:54,280 Speaker 1: the dynamic once and for all. So so, Roger, in 430 00:25:54,320 --> 00:25:59,240 Speaker 1: your estimation, how much of McCarthy's opposition and McConnell's, you know, 431 00:25:59,440 --> 00:26:03,159 Speaker 1: noncn middle view has to do with this issue of 432 00:26:03,240 --> 00:26:06,040 Speaker 1: subpoenas and these were supposed to be by this was 433 00:26:06,080 --> 00:26:08,480 Speaker 1: supposed to be a bipartisan commission. They had to agree 434 00:26:08,520 --> 00:26:11,240 Speaker 1: on the subpoenas. Do you think that that is is 435 00:26:11,280 --> 00:26:16,240 Speaker 1: what is really stalling this? It could very well be. 436 00:26:16,440 --> 00:26:20,679 Speaker 1: I mean, the mindset of the Republican leadership is relatively 437 00:26:20,720 --> 00:26:23,560 Speaker 1: opaque to me, right, So I'm probably not very much 438 00:26:23,600 --> 00:26:25,720 Speaker 1: of a of a of a seer in that regard. 439 00:26:26,200 --> 00:26:30,560 Speaker 1: But we know from the various accounts of the phone 440 00:26:30,560 --> 00:26:33,480 Speaker 1: call between the former president and the minority leader that 441 00:26:33,640 --> 00:26:37,360 Speaker 1: afternoon that ended up being contentious, which now the Minority 442 00:26:37,440 --> 00:26:39,920 Speaker 1: leader has been walking back, just as he's been walking 443 00:26:39,960 --> 00:26:43,640 Speaker 1: back his statements about the former president's roles and responsibilities 444 00:26:43,720 --> 00:26:46,920 Speaker 1: leading into January six and the days after, he was 445 00:26:47,000 --> 00:26:50,200 Speaker 1: very comfortable saying that there was a clear um line 446 00:26:50,200 --> 00:26:53,560 Speaker 1: of responsibility and then has been walking that back kind 447 00:26:53,600 --> 00:26:56,560 Speaker 1: of ever since, just as he right after the election 448 00:26:56,640 --> 00:26:59,399 Speaker 1: said that um, the former president had actually won, and 449 00:26:59,560 --> 00:27:03,360 Speaker 1: you know, in umerous interviews, So you know, if these 450 00:27:03,359 --> 00:27:05,840 Speaker 1: folks end up being put under some kind of legal 451 00:27:05,840 --> 00:27:09,000 Speaker 1: obligation to answer questions from their colleagues and you get 452 00:27:09,040 --> 00:27:11,680 Speaker 1: someone like a Jamie Raskin or someone like that up there, 453 00:27:11,720 --> 00:27:17,080 Speaker 1: who's a constitutionalist and also an excellent interrogator, it's it's 454 00:27:17,119 --> 00:27:19,639 Speaker 1: not going to go well for them. And Roger I 455 00:27:19,720 --> 00:27:22,000 Speaker 1: just wanted to move to another part of the world. 456 00:27:22,400 --> 00:27:25,800 Speaker 1: With the conflict going on between Israel Palestine, the president 457 00:27:25,920 --> 00:27:29,880 Speaker 1: President Biden has been under pressure from some Democrats who 458 00:27:30,000 --> 00:27:33,199 Speaker 1: say that he has not been as forceful as he 459 00:27:33,240 --> 00:27:38,240 Speaker 1: should be visa VI Israel. Um Jen Psaki, press secretary, 460 00:27:38,480 --> 00:27:41,080 Speaker 1: was asked about this on Air Force One, specifically why 461 00:27:41,119 --> 00:27:44,280 Speaker 1: the US hasn't supported the U N Security Council resolution 462 00:27:44,600 --> 00:27:48,920 Speaker 1: to stop the fighting. She said that the statement wouldn't 463 00:27:48,960 --> 00:27:52,360 Speaker 1: have produced a ceasefire, and we have sound on that 464 00:27:53,240 --> 00:27:56,320 Speaker 1: our role in this conflict is to ensure that every 465 00:27:56,359 --> 00:28:00,359 Speaker 1: conversation or having every statement we support, every act shouldn't 466 00:28:00,359 --> 00:28:03,960 Speaker 1: we take is towards the end goal of of ending 467 00:28:03,960 --> 00:28:07,240 Speaker 1: the violence on the ground, to to ending the suffering 468 00:28:07,240 --> 00:28:09,960 Speaker 1: of the Israelian Palestinian people. We're not going to take 469 00:28:10,000 --> 00:28:14,040 Speaker 1: actions or steps that we think would hinder that effort. So, Roger, 470 00:28:14,080 --> 00:28:17,480 Speaker 1: we have like twenty seconds left. Very briefly, what do 471 00:28:17,520 --> 00:28:19,919 Speaker 1: you think Democrats the progressives are going to have to 472 00:28:19,920 --> 00:28:23,080 Speaker 1: say about that kind of reaction. I think in the 473 00:28:23,119 --> 00:28:26,119 Speaker 1: short term, just bringing it's bringing the temperature down and 474 00:28:26,200 --> 00:28:28,680 Speaker 1: reducing the violence and the loss of human life has 475 00:28:28,720 --> 00:28:31,120 Speaker 1: to be the goal. And I think the Biden administration, 476 00:28:31,359 --> 00:28:33,520 Speaker 1: or at least Secretary b Lincoln should join with the 477 00:28:33,560 --> 00:28:36,480 Speaker 1: foreign ministers of the EU calling for a peat fire. 478 00:28:37,320 --> 00:28:42,680 Speaker 1: Thank you for doing that quickly, Rogerick. You're listening to 479 00:28:42,800 --> 00:28:50,200 Speaker 1: Bloomberg sound on on Bloomberg Radio. Quick kid, we're going 480 00:28:50,440 --> 00:28:54,880 Speaker 1: because zero in the sixteen about four point three point 481 00:28:54,920 --> 00:29:01,600 Speaker 1: forward right for black word. Well, never tomorrow, how the 482 00:29:01,680 --> 00:29:05,720 Speaker 1: president of how fast were you going? Okay, I'm just 483 00:29:05,800 --> 00:29:10,320 Speaker 1: gonna step by. I'll come off. See what he doesn't here. 484 00:29:11,800 --> 00:29:15,760 Speaker 1: I'm Genie sanzay No along with Roger Fisk, democratic strategist 485 00:29:15,800 --> 00:29:18,760 Speaker 1: and longtime President Obama aid and principle of New Day 486 00:29:18,880 --> 00:29:22,480 Speaker 1: Strategy and joining us on the line is an old 487 00:29:22,520 --> 00:29:26,760 Speaker 1: friend of Rogers. Congresswoman Hayley Stevens of the eleventh District 488 00:29:26,760 --> 00:29:30,120 Speaker 1: of Michigan, and Congresswoman, is always such a pleasure to 489 00:29:30,200 --> 00:29:32,080 Speaker 1: talk to you. And I don't know if you could 490 00:29:32,160 --> 00:29:35,200 Speaker 1: hear that sound of the President going zero to sixty 491 00:29:35,280 --> 00:29:38,040 Speaker 1: and four point four. I think he said, I've not 492 00:29:38,400 --> 00:29:42,160 Speaker 1: test driven those, have you. I haven't gotten a chance 493 00:29:42,240 --> 00:29:44,240 Speaker 1: to test private either, but it looked like he was 494 00:29:44,400 --> 00:29:47,880 Speaker 1: having a blast. I'm jealous. I want to be out there. 495 00:29:48,480 --> 00:29:51,080 Speaker 1: I don't know if you are out there, um, if 496 00:29:51,120 --> 00:29:53,760 Speaker 1: you were in d C today or out there, but 497 00:29:54,160 --> 00:29:56,760 Speaker 1: obviously the President in your neck of the woods today. 498 00:29:56,920 --> 00:30:00,280 Speaker 1: What did you hear from the President and UM as 499 00:30:00,320 --> 00:30:03,560 Speaker 1: to where we are in terms of repositioning auto workers 500 00:30:03,600 --> 00:30:08,160 Speaker 1: to take these new technology jobs. Yeah, and look, I 501 00:30:08,240 --> 00:30:12,800 Speaker 1: was absolutely delighted to welcome to the President to Michigan today. 502 00:30:12,840 --> 00:30:15,920 Speaker 1: I was with him at the plan and able to 503 00:30:17,320 --> 00:30:20,080 Speaker 1: hear his remarks alive, and I think it was one 504 00:30:20,640 --> 00:30:25,040 Speaker 1: and an inspiring but at a realistic message about what 505 00:30:25,280 --> 00:30:29,560 Speaker 1: the backbone of Americans made on, which is the American workforce. 506 00:30:29,640 --> 00:30:34,560 Speaker 1: If you hear him live talking about the American worker 507 00:30:34,640 --> 00:30:38,840 Speaker 1: and seeing all the union members in the room today, 508 00:30:39,440 --> 00:30:43,200 Speaker 1: it gave me the chill. It was remarkable, and he 509 00:30:43,320 --> 00:30:46,280 Speaker 1: was honest. He said, look, we've got a tackle climate change, 510 00:30:46,320 --> 00:30:50,600 Speaker 1: but the way I see climate change is obstortunity and jobs, 511 00:30:51,000 --> 00:30:54,480 Speaker 1: and so that's a big part of his American Jobs planned. 512 00:30:54,480 --> 00:30:57,200 Speaker 1: This is a part of what I'm working on in Congress. 513 00:30:57,320 --> 00:31:00,040 Speaker 1: And I'm so thrilled to have an administration to a 514 00:31:00,160 --> 00:31:04,480 Speaker 1: colongside on behalf of Michigan and Representative, I know we 515 00:31:04,560 --> 00:31:08,800 Speaker 1: have somebody who also worked with the Obama administration, Roger Fisk, 516 00:31:08,920 --> 00:31:10,440 Speaker 1: on the line with us, and I know he has 517 00:31:10,480 --> 00:31:14,760 Speaker 1: a question for you. Representative, Thanks so much for joining us. 518 00:31:15,040 --> 00:31:18,280 Speaker 1: I always love getting electric officials to just talk about 519 00:31:18,320 --> 00:31:20,960 Speaker 1: their space, to talk a little bit about what this 520 00:31:21,080 --> 00:31:24,640 Speaker 1: technology means and what a prosperous Michigan means for the 521 00:31:24,720 --> 00:31:30,000 Speaker 1: Upper Midwest and America in general. Well, look everywhere I go, Roger, 522 00:31:30,240 --> 00:31:34,160 Speaker 1: and it's true, every Monday I do what's called manufacturing Monday. 523 00:31:34,240 --> 00:31:37,240 Speaker 1: In my district. I visit with a small mid size 524 00:31:37,320 --> 00:31:41,360 Speaker 1: manufacture most of the time connected to the automotive industry, 525 00:31:41,760 --> 00:31:45,120 Speaker 1: and they are all innovating, they are thinking about their future. 526 00:31:45,200 --> 00:31:47,600 Speaker 1: Their eyes are on the future. They're tied in with 527 00:31:47,680 --> 00:31:52,440 Speaker 1: electric vehicle technology. Those advancements. All of this, by the way, 528 00:31:52,760 --> 00:31:55,320 Speaker 1: while we're still in the pandemic. I mean, this is 529 00:31:55,320 --> 00:32:00,240 Speaker 1: what is absolutely remarkable about for motor companies fourth coming 530 00:32:00,280 --> 00:32:04,680 Speaker 1: announcement with the electric board f one fifty plush certainly 531 00:32:04,720 --> 00:32:07,240 Speaker 1: what we see with the lecturer of vehicle technology and 532 00:32:07,360 --> 00:32:10,680 Speaker 1: on I will I'll say that there's a transformation taking 533 00:32:10,720 --> 00:32:14,160 Speaker 1: place in automotive. There were times when I was out 534 00:32:14,280 --> 00:32:17,040 Speaker 1: campaigning Roger and I'm trying to say hi to people 535 00:32:17,040 --> 00:32:19,920 Speaker 1: in the coffee shop and they weren't for Michigan. They 536 00:32:19,960 --> 00:32:22,120 Speaker 1: were here on business. They were here trying to cut 537 00:32:22,160 --> 00:32:25,280 Speaker 1: into the deal that was taking place here. And that's 538 00:32:25,320 --> 00:32:28,800 Speaker 1: also I think something to pay note of because ten 539 00:32:28,960 --> 00:32:31,800 Speaker 1: twelve years ago we were in a recession, we were 540 00:32:31,840 --> 00:32:34,480 Speaker 1: making our way out of a recession. There was a 541 00:32:34,520 --> 00:32:36,560 Speaker 1: lot of question around what was going to happen to 542 00:32:36,600 --> 00:32:39,920 Speaker 1: our supply chain, and it's stronger than ever, and it's 543 00:32:40,000 --> 00:32:43,360 Speaker 1: also all tied to our pandemic response. So we've got 544 00:32:43,480 --> 00:32:46,440 Speaker 1: open jobs. We're ready for people to get back to work, 545 00:32:46,480 --> 00:32:51,239 Speaker 1: get fascinated. These are safe and exciting, vibrant environments and 546 00:32:51,280 --> 00:32:53,760 Speaker 1: it's really all happening here. So as you can tell, Roger, 547 00:32:53,760 --> 00:32:57,560 Speaker 1: I'm pretty fired up, absolutely absolutely. And then one are 548 00:32:57,560 --> 00:32:59,240 Speaker 1: the things we hear about quite a bit of the 549 00:32:59,360 --> 00:33:03,200 Speaker 1: skill gap obviously, the businesses that need workers, if people 550 00:33:03,200 --> 00:33:05,880 Speaker 1: looking for jobs. What kind of initiatives are underway in 551 00:33:05,920 --> 00:33:09,280 Speaker 1: Michigan in terms of community colleges and vocational high schools 552 00:33:09,640 --> 00:33:13,640 Speaker 1: to get that next generation of workers ready. We have 553 00:33:13,840 --> 00:33:17,800 Speaker 1: some of the Crowns duels here in Michigan. I'm gonna 554 00:33:17,800 --> 00:33:21,400 Speaker 1: plug my district with Schoolcraft College. They partnered up with 555 00:33:21,480 --> 00:33:25,400 Speaker 1: the Millwork Company over the last year, started a new 556 00:33:25,520 --> 00:33:29,200 Speaker 1: certification program for them again right out of the college. 557 00:33:29,440 --> 00:33:33,800 Speaker 1: Schoolcraft just opened up a new manufacturing workforce training center. 558 00:33:34,240 --> 00:33:37,960 Speaker 1: There is more demand from the small businesses that are 559 00:33:38,000 --> 00:33:40,800 Speaker 1: looking to higher than the than the schools can currently 560 00:33:40,840 --> 00:33:44,200 Speaker 1: meet right now. So I've devoted really my life's work 561 00:33:44,600 --> 00:33:50,200 Speaker 1: to recruiting, to promoting manufacturing jobs and light industrial jobs. 562 00:33:50,320 --> 00:33:53,360 Speaker 1: What we've got even in construction and truck driving and 563 00:33:53,520 --> 00:33:55,760 Speaker 1: and and and look, let me let me also pay 564 00:33:55,800 --> 00:33:59,160 Speaker 1: the realistic pictures for you, because these are industries that 565 00:33:59,200 --> 00:34:03,360 Speaker 1: have experienced workforce shortages and skilled gaps for a long time. 566 00:34:03,840 --> 00:34:07,360 Speaker 1: That has been exacerbated in the pandemic. So it's very 567 00:34:07,400 --> 00:34:11,680 Speaker 1: exciting to see a president come to town and harold 568 00:34:11,880 --> 00:34:16,680 Speaker 1: our automotive worker workers, harold our skilled trade and and 569 00:34:16,719 --> 00:34:19,400 Speaker 1: I was talking to an iron worker today at the 570 00:34:19,440 --> 00:34:21,680 Speaker 1: site and he said, we are so busy. He goes, 571 00:34:21,719 --> 00:34:24,479 Speaker 1: I have hundreds of guys in the apprenticeship programs too, 572 00:34:24,760 --> 00:34:27,960 Speaker 1: and something like Schoolcraft Rogers. They adopt the unions at 573 00:34:27,960 --> 00:34:31,080 Speaker 1: the table. So we are on the move in terms 574 00:34:31,120 --> 00:34:35,240 Speaker 1: of plugging people in two training programs and employment opportunities. 575 00:34:35,480 --> 00:34:38,160 Speaker 1: It's here, we need you. It's time to get back 576 00:34:38,160 --> 00:34:42,680 Speaker 1: to work well. Representative Stevens. I love the manufacturing Monday's. 577 00:34:42,920 --> 00:34:45,239 Speaker 1: My niece lives in Michigan, So when I get out 578 00:34:45,239 --> 00:34:46,960 Speaker 1: there to see her in her family, at some point, 579 00:34:46,960 --> 00:34:49,600 Speaker 1: I'm gonna hit one of those up. Um. Let me 580 00:34:49,640 --> 00:34:53,360 Speaker 1: ask you before. Earlier in the show Bloomberg Technologies, Emily 581 00:34:53,480 --> 00:34:58,360 Speaker 1: Chang was speaking with the White House. Climates are Gina McCarthy, Um, 582 00:34:58,400 --> 00:35:00,600 Speaker 1: and I know this is something near dear to your 583 00:35:00,640 --> 00:35:04,120 Speaker 1: heart is climate. What do you think the administration needs 584 00:35:04,160 --> 00:35:07,400 Speaker 1: to do to get ahead of climate? And can the 585 00:35:07,480 --> 00:35:12,200 Speaker 1: administration and or Democrats in Congress act by themselves if 586 00:35:12,239 --> 00:35:16,399 Speaker 1: they can't get Republicans to go along. Yeah, and and look, 587 00:35:16,640 --> 00:35:20,239 Speaker 1: Teman McCarthy is a is the total pro here, and 588 00:35:20,280 --> 00:35:22,919 Speaker 1: she exemplifies the approach that we need to take, which 589 00:35:22,960 --> 00:35:26,000 Speaker 1: is all of government. And that's why it's so essential 590 00:35:26,080 --> 00:35:29,840 Speaker 1: to have for in a White House role coordinating across 591 00:35:29,840 --> 00:35:32,279 Speaker 1: the multitude of agencies. You know, if this is just 592 00:35:32,440 --> 00:35:35,400 Speaker 1: happening in the E p A And the Department of Energy, 593 00:35:35,719 --> 00:35:38,879 Speaker 1: we're not doing the job. This is all hands on jack. 594 00:35:39,520 --> 00:35:42,120 Speaker 1: You look at I'm on the Education and Labor Committee, 595 00:35:42,120 --> 00:35:44,840 Speaker 1: and of course we're talking about on the labor side, 596 00:35:44,880 --> 00:35:48,280 Speaker 1: green job. But on the school side, we're also talking 597 00:35:48,280 --> 00:35:51,360 Speaker 1: about the modernizing of our schools to hit some of 598 00:35:51,400 --> 00:35:56,600 Speaker 1: our sustainability goals. So certainly, you know it, we need 599 00:35:56,600 --> 00:35:59,560 Speaker 1: to be coordinated, all hands on deck. I just passed 600 00:35:59,640 --> 00:36:04,279 Speaker 1: a bipartisan build through my sub committee on the House 601 00:36:04,280 --> 00:36:08,479 Speaker 1: Science Committee to double to us scientific research. We now 602 00:36:08,640 --> 00:36:12,120 Speaker 1: do have Republicans who are leaning in and coming to 603 00:36:12,200 --> 00:36:15,040 Speaker 1: the table because they want to compete. They want to 604 00:36:15,040 --> 00:36:17,480 Speaker 1: see us lead the way. And and some of this 605 00:36:17,760 --> 00:36:21,480 Speaker 1: right where you saw President Trump repeat remove us from 606 00:36:21,480 --> 00:36:26,120 Speaker 1: the Paris Climate Accords, much much to uh the upset 607 00:36:26,200 --> 00:36:30,279 Speaker 1: of many, including myself. That just can't be the way forward, right. 608 00:36:30,480 --> 00:36:33,680 Speaker 1: We have to be at the table to move the table. 609 00:36:34,000 --> 00:36:36,359 Speaker 1: And if we're not at the table, and if we're uh, 610 00:36:36,520 --> 00:36:39,040 Speaker 1: pushing ourselves into a corner of a room waving a 611 00:36:39,080 --> 00:36:42,520 Speaker 1: sword around, or you can just imagine what that looks like. So, 612 00:36:42,680 --> 00:36:46,279 Speaker 1: in part, what you heard President Biden say today is 613 00:36:46,520 --> 00:36:50,560 Speaker 1: America is bad, don't bet against America. And we are 614 00:36:50,600 --> 00:36:54,400 Speaker 1: going to proliferate and create the technologies that are going 615 00:36:54,440 --> 00:36:57,800 Speaker 1: to address climate change. And we're doing this at scale 616 00:36:58,320 --> 00:37:00,520 Speaker 1: around a variety of measures. I could a want, but 617 00:37:00,640 --> 00:37:02,359 Speaker 1: I know I've only got a few minutes on your 618 00:37:02,520 --> 00:37:06,919 Speaker 1: incredible show here today, So thank you. No, I love hearing, 619 00:37:07,000 --> 00:37:08,799 Speaker 1: I love the energy. You know. One of the things 620 00:37:08,800 --> 00:37:12,360 Speaker 1: that Gina McCarthy said to Emily Chang was that the 621 00:37:12,400 --> 00:37:15,239 Speaker 1: plan as you've outlined needs to be bold, big, and 622 00:37:15,280 --> 00:37:18,480 Speaker 1: it needs to meet the time. But Emily followed up 623 00:37:18,480 --> 00:37:20,279 Speaker 1: by asking her a question that thinks is on a 624 00:37:20,280 --> 00:37:23,200 Speaker 1: lot of Americans minds, which is, at what point does 625 00:37:23,480 --> 00:37:28,359 Speaker 1: the administration do Democrats move forward without Republicans if they 626 00:37:28,440 --> 00:37:31,640 Speaker 1: can't agree on things like how we're gonna pay for 627 00:37:31,800 --> 00:37:36,200 Speaker 1: this and how big to go and how we define infrastructure, uh, 628 00:37:36,400 --> 00:37:39,480 Speaker 1: and all those sort of basic things. Well why do 629 00:37:39,520 --> 00:37:43,279 Speaker 1: you say this, because there are individuals who are in 630 00:37:43,880 --> 00:37:49,640 Speaker 1: Republican leadership, um, particularly Mick McConnell comes to mind. Where 631 00:37:49,719 --> 00:37:53,600 Speaker 1: it's a grand resistance. It's a big effort of just 632 00:37:53,800 --> 00:37:57,520 Speaker 1: doing nothing. We saw this in a COVID nineteen response 633 00:37:57,800 --> 00:38:01,080 Speaker 1: we got the Hairs Act. Anything after that was no, no, no, 634 00:38:01,600 --> 00:38:03,960 Speaker 1: until we were pushed to the brink. We come in. 635 00:38:04,160 --> 00:38:06,480 Speaker 1: We know we need to do a rescue plan. We 636 00:38:06,520 --> 00:38:09,040 Speaker 1: know is the right thing to do. It was endorsed 637 00:38:09,040 --> 00:38:13,479 Speaker 1: by a handful of Republican mayors, including my own Republican mayor, 638 00:38:13,760 --> 00:38:17,360 Speaker 1: Brian Barnett of Rochester Hill's the most recent past president 639 00:38:17,680 --> 00:38:19,920 Speaker 1: of the U S Conference of Mayors. And I was 640 00:38:20,000 --> 00:38:22,720 Speaker 1: really holding my breath around that boat. This is different 641 00:38:22,760 --> 00:38:24,439 Speaker 1: than kind of change, but I was holding my breath 642 00:38:24,440 --> 00:38:26,880 Speaker 1: around that voat just thinking and the feeling we're going 643 00:38:26,960 --> 00:38:29,960 Speaker 1: to get a few. And even after the vote, it was, 644 00:38:30,080 --> 00:38:32,760 Speaker 1: oh my gosh, I really being so close to voting 645 00:38:32,760 --> 00:38:34,680 Speaker 1: for it, but I didn't. But now I'm gonna go 646 00:38:34,719 --> 00:38:37,040 Speaker 1: and take credit for it. And I think we see 647 00:38:37,040 --> 00:38:40,080 Speaker 1: with Democrats time and time again, is we are not 648 00:38:40,239 --> 00:38:43,839 Speaker 1: afraid to lead that, we are not afraid to make 649 00:38:43,920 --> 00:38:46,879 Speaker 1: the decisions and put the policy for it. I came home, 650 00:38:47,040 --> 00:38:49,920 Speaker 1: people were sort of, you know, asking, well, you know 651 00:38:49,960 --> 00:38:52,640 Speaker 1: what about this being bipartisan, and we were wondering about that, 652 00:38:52,680 --> 00:38:55,880 Speaker 1: and then we said, hey, we're getting unity through delivery. 653 00:38:55,960 --> 00:38:58,759 Speaker 1: We're getting the shots and people's arms, we're getting our 654 00:38:58,840 --> 00:39:01,799 Speaker 1: local elected official. So when it comes down to what 655 00:39:01,840 --> 00:39:04,120 Speaker 1: we're going to have to do with the next phase 656 00:39:04,200 --> 00:39:06,760 Speaker 1: of this and what we're doing the American Jobs plans, 657 00:39:07,400 --> 00:39:10,040 Speaker 1: I do think that we're working. It's a different set 658 00:39:10,040 --> 00:39:14,719 Speaker 1: of policies as a different circumstance, certainly, but but we're 659 00:39:14,719 --> 00:39:17,000 Speaker 1: gonna work to get people along. But we're also not 660 00:39:17,040 --> 00:39:19,240 Speaker 1: gonna wait. And if you're gonna listen to Mitch McConnell, 661 00:39:19,520 --> 00:39:22,320 Speaker 1: you're gonna be you're you're you're gonna be left behind. 662 00:39:22,640 --> 00:39:25,839 Speaker 1: Congresswoman Stevens, it is such a pleasure to talk to you. 663 00:39:25,880 --> 00:39:28,120 Speaker 1: Thank you for taking a time on this very busy 664 00:39:28,200 --> 00:39:30,560 Speaker 1: day that you're spending with the President. And I want 665 00:39:30,560 --> 00:39:32,880 Speaker 1: to thank so much all of my guests, including the 666 00:39:33,000 --> 00:39:37,440 Speaker 1: fabulous Roger Fisk, longtime Obama aide, principal at New Day Strategy. 667 00:39:37,520 --> 00:39:40,440 Speaker 1: I am Jeanie Schanzano, and this is Bloomberg.