1 00:00:02,520 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,119 Speaker 1: noon and five pm Eastern on Apple Coarckley and Android 4 00:00:17,160 --> 00:00:20,520 Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever 5 00:00:20,600 --> 00:00:24,120 Speaker 1: you get your podcasts, or watch us live on YouTube. 6 00:00:25,320 --> 00:00:27,720 Speaker 2: How about Charlie dropping the Papa John's at the lunch 7 00:00:27,760 --> 00:00:30,280 Speaker 2: hour and now we all want pizza. Charlie, thanks a lot. 8 00:00:30,560 --> 00:00:33,120 Speaker 2: Producer James is going to order out. We do this 9 00:00:33,120 --> 00:00:35,680 Speaker 2: a lot around here, Mario, James, take it out of 10 00:00:35,720 --> 00:00:38,839 Speaker 2: petty cash. Brendan will hook it up a couple of 11 00:00:38,880 --> 00:00:40,080 Speaker 2: large pizzas here before. 12 00:00:39,840 --> 00:00:41,879 Speaker 3: This is good. I'm glad it wasn't just me my 13 00:00:41,920 --> 00:00:42,680 Speaker 3: stomach exactly. 14 00:00:43,320 --> 00:00:44,839 Speaker 2: Well, you know, you saw the pizzas coming into the 15 00:00:44,880 --> 00:00:46,920 Speaker 2: Senate the other night when they were doing the big 16 00:00:46,960 --> 00:00:49,440 Speaker 2: block of nominees. When they start rolling in the we 17 00:00:49,600 --> 00:00:51,559 Speaker 2: the pizza. They're stacked up to the ceiling. You know 18 00:00:51,600 --> 00:00:53,479 Speaker 2: it's going to be a late night, but I don't know. 19 00:00:53,520 --> 00:00:55,240 Speaker 2: They're going to have a lot of late nights in 20 00:00:55,280 --> 00:00:57,040 Speaker 2: the meantime. Here, I mean, senators are back in town. 21 00:00:57,040 --> 00:00:59,360 Speaker 2: They're going to vote again on the continuing resolution. Today 22 00:00:59,400 --> 00:01:01,400 Speaker 2: it's going to fail. Then what do they just all 23 00:01:01,440 --> 00:01:03,400 Speaker 2: go back to their apartments and wait till tomorrow to 24 00:01:03,440 --> 00:01:03,880 Speaker 2: do it again? 25 00:01:04,000 --> 00:01:04,840 Speaker 3: Tomorrow, we do it. 26 00:01:04,959 --> 00:01:06,000 Speaker 2: This is a weird cycle. 27 00:01:06,160 --> 00:01:09,840 Speaker 4: Press conferences in the morning, votes in the afternoon, and 28 00:01:10,880 --> 00:01:12,920 Speaker 4: no gift from either side right now. 29 00:01:12,959 --> 00:01:16,039 Speaker 2: That's right. So if you're following along here on day fifteen, 30 00:01:16,120 --> 00:01:20,560 Speaker 2: we do two fifteen, expect another round of votes Tomorrow's point. 31 00:01:20,640 --> 00:01:23,399 Speaker 2: Leadership already did news conferences earlier, and then they'll probably 32 00:01:23,440 --> 00:01:24,959 Speaker 2: come back tomorrow and do it again. When it comes 33 00:01:25,000 --> 00:01:30,440 Speaker 2: to the Republican cr Democrats haven't been blinking. Republicans aren't blinking. 34 00:01:30,440 --> 00:01:32,119 Speaker 2: We got into it last evening on the late edition 35 00:01:32,160 --> 00:01:34,960 Speaker 2: of Balance of Power with Senator Elizabeth Warren, the Democrat 36 00:01:35,000 --> 00:01:37,480 Speaker 2: from Massachusetts. Here's what she said. 37 00:01:38,640 --> 00:01:42,600 Speaker 5: Democrats are really clear about what we're asking for. We 38 00:01:42,640 --> 00:01:46,160 Speaker 5: want the Republicans just to roll back those cuts that 39 00:01:46,240 --> 00:01:49,960 Speaker 5: are going to knock fifteen million Americans off their healthcare 40 00:01:50,000 --> 00:01:55,560 Speaker 5: coverage and drive up insurance costs for tens of millions 41 00:01:55,640 --> 00:01:59,720 Speaker 5: more Americans. We're just that's all we're asking for here 42 00:01:59,760 --> 00:02:03,560 Speaker 5: in the Republicans right now literally will not even sit 43 00:02:03,640 --> 00:02:08,240 Speaker 5: down and negotiate. The House is out for its fourth 44 00:02:08,440 --> 00:02:12,240 Speaker 5: week of vacation, so they can't even be here to vote, 45 00:02:12,680 --> 00:02:16,800 Speaker 5: and the Senate just says no talking. You know, that's 46 00:02:16,919 --> 00:02:20,680 Speaker 5: not how it works in a democracy. We're fighting to 47 00:02:20,720 --> 00:02:24,720 Speaker 5: try to help Americans be able to afford their healthcare. 48 00:02:24,760 --> 00:02:27,600 Speaker 5: And I'm want to be clear, I'm not defending the 49 00:02:27,639 --> 00:02:32,320 Speaker 5: American healthcare system. I think it's badly broken. But what 50 00:02:32,560 --> 00:02:36,160 Speaker 5: Trump is doing to that system, along with the Republicans, 51 00:02:36,639 --> 00:02:41,000 Speaker 5: is they're going to take a creaky, barely functioning system 52 00:02:41,440 --> 00:02:45,680 Speaker 5: and just smash it apart, and that ultimately is going 53 00:02:45,720 --> 00:02:49,000 Speaker 5: to hurt everybody in this country. And we're just we're 54 00:02:49,040 --> 00:02:51,639 Speaker 5: just trying to push back, say, just give people back 55 00:02:51,680 --> 00:02:55,600 Speaker 5: the coverage they had back in June. We're not trying 56 00:02:55,639 --> 00:02:58,560 Speaker 5: to rewrite the whole system. We're not spending any additional money. 57 00:02:59,160 --> 00:03:02,480 Speaker 5: Just give people they had a few months ago before 58 00:03:02,560 --> 00:03:06,160 Speaker 5: Donald Trump and the Republicans passed that one big beautiful bill. 59 00:03:07,840 --> 00:03:11,800 Speaker 2: The BBB talking about this with Elizabeth Warren on Bloomberg 60 00:03:11,840 --> 00:03:15,560 Speaker 2: TV and Radio last evening, and we fast forward to 61 00:03:15,600 --> 00:03:18,720 Speaker 2: the latest research from IPSOS on the shutdown. Of course, 62 00:03:18,760 --> 00:03:22,560 Speaker 2: Cliff Young is always running numbers on any number of issues, 63 00:03:22,560 --> 00:03:25,959 Speaker 2: But Mario, storm clouds on the horizon. The headline here 64 00:03:26,280 --> 00:03:28,960 Speaker 2: a pox on all your houses when it comes to 65 00:03:29,000 --> 00:03:31,960 Speaker 2: blame for the government shutdown. Cliff Young is with us 66 00:03:32,040 --> 00:03:34,800 Speaker 2: right now, of course, from IPSOS here in Washington, US 67 00:03:34,880 --> 00:03:38,320 Speaker 2: Public Affairs Chair, Professor Texas A and M University's Bush 68 00:03:38,320 --> 00:03:40,760 Speaker 2: School of Government and Public Service. Cliff, it's great to 69 00:03:40,760 --> 00:03:43,800 Speaker 2: see you are these bigger storm clouds for D's or ours. 70 00:03:45,640 --> 00:03:48,160 Speaker 6: Well, I think it's storm clouds for all of them. Really. 71 00:03:48,200 --> 00:03:50,240 Speaker 7: When you look at the polling and you pull away 72 00:03:50,240 --> 00:03:56,320 Speaker 7: the onion, Americans are just saying are criticizing everyone, Republicans, Democrats, 73 00:03:57,160 --> 00:04:00,960 Speaker 7: and Trump and the Trump administration. Now, when you look 74 00:04:01,080 --> 00:04:03,680 Speaker 7: a little bit deeper into the data and you force 75 00:04:03,760 --> 00:04:10,480 Speaker 7: people to choose, they slightly blame the Republicans more than 76 00:04:10,520 --> 00:04:14,720 Speaker 7: the Democrats. But overall, the takeaway is it's a dysfunctional 77 00:04:14,760 --> 00:04:16,919 Speaker 7: system of pots in all your houses. 78 00:04:19,080 --> 00:04:22,800 Speaker 4: And Cliff, just the fear about the tariffs, I think 79 00:04:22,920 --> 00:04:25,599 Speaker 4: was another one of your sub headlines as well. 80 00:04:26,400 --> 00:04:27,919 Speaker 3: And I'm old enough. 81 00:04:27,720 --> 00:04:33,400 Speaker 4: To remember when Donald Trump cast economic confidence in his policies, 82 00:04:33,440 --> 00:04:35,880 Speaker 4: at least as one of the reasons that he won 83 00:04:36,000 --> 00:04:39,440 Speaker 4: the election. But we're seeing some different things play out 84 00:04:39,440 --> 00:04:40,560 Speaker 4: in the numbers. Achieve run. 85 00:04:42,160 --> 00:04:44,960 Speaker 7: Yeah, well, the issue set is changing, right, he won 86 00:04:45,000 --> 00:04:45,920 Speaker 7: on cost of living. 87 00:04:46,839 --> 00:04:47,640 Speaker 6: It still is an. 88 00:04:47,520 --> 00:04:52,360 Speaker 7: Important issue, but other issues like plical extremism are more important. 89 00:04:53,279 --> 00:04:55,560 Speaker 7: I would say that Trump overall, in terms of his 90 00:04:55,600 --> 00:04:59,320 Speaker 7: approval numbers, he's in a relatively good position, if not 91 00:04:59,360 --> 00:05:03,040 Speaker 7: great position, is in the mid to low forties. Whether 92 00:05:03,080 --> 00:05:07,120 Speaker 7: it be BUYPSS polling or pulling from all other firms. That's 93 00:05:07,160 --> 00:05:09,359 Speaker 7: a good place to be. It's better than twenty seventeen. 94 00:05:09,920 --> 00:05:13,400 Speaker 7: But that all said, there's still a high degree of 95 00:05:13,440 --> 00:05:18,440 Speaker 7: trepidation and unease among Americans about the tariffs. They see 96 00:05:18,520 --> 00:05:23,120 Speaker 7: the tariffs as inflationary in nature. We've already picked up 97 00:05:23,200 --> 00:05:28,240 Speaker 7: in our polling, in the surveying of American households, changing 98 00:05:28,240 --> 00:05:31,640 Speaker 7: our adjustment of behavior on the margins. Maybe I buy 99 00:05:31,640 --> 00:05:34,280 Speaker 7: a little bit cheaper, Maybey stockpile a little bit. 100 00:05:35,520 --> 00:05:37,479 Speaker 6: Obviously, this hasn't fully hit. 101 00:05:38,160 --> 00:05:40,680 Speaker 7: When you look at sort of the projections from economists, 102 00:05:40,760 --> 00:05:43,440 Speaker 7: it looks like the tariffs will have their full impact. 103 00:05:43,240 --> 00:05:45,600 Speaker 6: In Q four and in Q one of next year. 104 00:05:46,200 --> 00:05:50,080 Speaker 7: So those, in my mind are the real storm clouds, 105 00:05:50,320 --> 00:05:54,520 Speaker 7: that is, the impact or potential negative impact of inflation 106 00:05:55,200 --> 00:05:58,279 Speaker 7: on Americans opinions of the administration in Trump. 107 00:05:59,040 --> 00:06:01,320 Speaker 2: Well, based on the conversation we're having a day about China, 108 00:06:01,360 --> 00:06:04,200 Speaker 2: this couldn't be more important for the markets, for our audience, 109 00:06:04,240 --> 00:06:07,480 Speaker 2: for consumers, Cliff and boy, we've been given the administration 110 00:06:07,560 --> 00:06:09,280 Speaker 2: a good deal of space on Wall Street when it 111 00:06:09,320 --> 00:06:11,919 Speaker 2: comes to this. We're bumping up against all time highs 112 00:06:12,480 --> 00:06:15,760 Speaker 2: unless investors seem to think that this is falling apart. 113 00:06:15,839 --> 00:06:18,440 Speaker 2: Scott Bessen got the gains back on track today, suggesting 114 00:06:18,480 --> 00:06:21,200 Speaker 2: we may have an extension in the trade truth but 115 00:06:21,360 --> 00:06:23,840 Speaker 2: fear that tariffs will lead to inflation, You say, low 116 00:06:23,960 --> 00:06:27,560 Speaker 2: levels of optimism in these policies. With the percentage that 117 00:06:27,640 --> 00:06:31,120 Speaker 2: say Trump's tariffs on imported goods are making prices for 118 00:06:31,279 --> 00:06:37,279 Speaker 2: things they buy go up is seventy percent, and that's 119 00:06:37,360 --> 00:06:39,080 Speaker 2: consumers of both parties, right. 120 00:06:40,279 --> 00:06:43,479 Speaker 7: Yeah, it's a big number. And some of that is 121 00:06:43,640 --> 00:06:49,400 Speaker 7: real and some of that is anticipatory. You also have 122 00:06:50,000 --> 00:06:54,039 Speaker 7: special Republicans understanding that the short term might be bad, 123 00:06:54,360 --> 00:06:56,960 Speaker 7: but the long term benefits of bringing back manufacturing and 124 00:06:57,040 --> 00:07:00,799 Speaker 7: jobs is more important. So it's a more complex issue 125 00:07:00,880 --> 00:07:04,839 Speaker 7: than just a fear of inflation or inflation specifically. But 126 00:07:04,920 --> 00:07:09,000 Speaker 7: once again, it's something that needs to be looked at 127 00:07:09,240 --> 00:07:12,520 Speaker 7: and filed over time, because a vast majority of Americans 128 00:07:12,560 --> 00:07:16,800 Speaker 7: are worried about the future and its inflation or aspects. 129 00:07:17,320 --> 00:07:19,320 Speaker 4: And clariful when we look at some of these numbers, 130 00:07:19,400 --> 00:07:23,640 Speaker 4: I mean, the economic as we mentioned, indicators show that 131 00:07:23,720 --> 00:07:26,520 Speaker 4: President Trump has lost some support and lost some stam 132 00:07:26,600 --> 00:07:31,600 Speaker 4: since last November. Immigration relatively seems to be a stronger 133 00:07:31,640 --> 00:07:34,920 Speaker 4: issue for him, but when you look beneath those numbers, 134 00:07:34,960 --> 00:07:38,040 Speaker 4: they looked a little bit mixed in terms of National Guard, 135 00:07:38,840 --> 00:07:42,680 Speaker 4: in terms of just deportations, etc. 136 00:07:44,520 --> 00:07:47,120 Speaker 7: Yeah, it's very interesting. It's a very important point, Mario. 137 00:07:47,440 --> 00:07:51,480 Speaker 7: When you look at Trump generally speaking and his approval 138 00:07:51,520 --> 00:07:54,800 Speaker 7: ratings in general, he's in a relatively good place. I 139 00:07:54,840 --> 00:07:57,080 Speaker 7: already say it's like around forty three or forty four. 140 00:07:57,400 --> 00:08:01,160 Speaker 7: That's better than twenty seventeen is considered. It's a good 141 00:08:01,200 --> 00:08:04,560 Speaker 7: place to be in a highly polarized America. But when 142 00:08:04,600 --> 00:08:09,160 Speaker 7: you look at specifically the issues or the policies, that 143 00:08:09,280 --> 00:08:14,920 Speaker 7: support falls off considerably. When you look across the signature initiatives, 144 00:08:15,000 --> 00:08:18,960 Speaker 7: vibe administration, he doesn't garner a majority support in any 145 00:08:19,040 --> 00:08:19,880 Speaker 7: of them. 146 00:08:20,160 --> 00:08:21,320 Speaker 6: Not even immigration. 147 00:08:21,440 --> 00:08:24,440 Speaker 7: When you go to specifically immigration, you talk about deportation, 148 00:08:24,880 --> 00:08:29,080 Speaker 7: it falls around forty percent. Obviously, still garners the support 149 00:08:29,120 --> 00:08:33,640 Speaker 7: of Republicans super majority percent of Republicans, But across the board, 150 00:08:33,679 --> 00:08:37,680 Speaker 7: these signature policies do not find majority support. 151 00:08:39,000 --> 00:08:42,680 Speaker 2: Fascinating numbers on crime here, cliff, and it reminds me 152 00:08:42,760 --> 00:08:46,600 Speaker 2: of polls that find you know, congressional approval ratings are 153 00:08:46,640 --> 00:08:49,200 Speaker 2: off a cliff, they're in the single digits unless you're 154 00:08:49,240 --> 00:08:51,679 Speaker 2: talking about someone's own member of Congress and they love 155 00:08:51,720 --> 00:08:53,960 Speaker 2: that guy just to fire everyone but my guy or 156 00:08:53,960 --> 00:08:57,360 Speaker 2: my gal. And that's apparently the case for crime in 157 00:08:57,400 --> 00:09:01,080 Speaker 2: your city. Your city is safe, it's not the other ones. 158 00:09:01,480 --> 00:09:03,760 Speaker 2: And when you take a look at this, you asked 159 00:09:03,840 --> 00:09:05,959 Speaker 2: questions about this compared to this time last year, is 160 00:09:06,000 --> 00:09:09,480 Speaker 2: crime in the following area higher, lower, or the same. 161 00:09:10,240 --> 00:09:12,920 Speaker 2: When you look at the country through the roof, it's higher, 162 00:09:13,120 --> 00:09:16,000 Speaker 2: major cities a little bit lower. Your state as a whole, 163 00:09:16,040 --> 00:09:18,679 Speaker 2: we're down in the thirties here. Your city or community, 164 00:09:18,760 --> 00:09:21,840 Speaker 2: nobody thinks that crime is a major problem. It's in 165 00:09:21,880 --> 00:09:25,840 Speaker 2: the twenties. So the president has seized on a national 166 00:09:25,960 --> 00:09:29,720 Speaker 2: perception here that people may not rationalize with their own town. 167 00:09:31,280 --> 00:09:34,320 Speaker 6: Yeah, I love my town, I love my guy. I 168 00:09:34,360 --> 00:09:36,080 Speaker 6: don't like your town. I don't like your guy. 169 00:09:36,800 --> 00:09:41,160 Speaker 7: That's something we see perennially impolling since even the nineteen thirties, 170 00:09:41,679 --> 00:09:44,760 Speaker 7: and indeed the administration has leveraged that. 171 00:09:45,000 --> 00:09:45,200 Speaker 8: Right. 172 00:09:45,760 --> 00:09:47,120 Speaker 6: It's all about proximity. 173 00:09:47,480 --> 00:09:50,559 Speaker 7: The closer I am to the issue of crime, the 174 00:09:50,679 --> 00:09:54,240 Speaker 7: less I think it's a problem. And he has, you know, 175 00:09:54,320 --> 00:09:57,640 Speaker 7: pushed that agenda. Now, the Republicans have historically pushed that 176 00:09:57,720 --> 00:10:02,000 Speaker 7: agenda with their base being in this suburbia and rural areas, 177 00:10:02,240 --> 00:10:06,520 Speaker 7: not in those sort of blue urban areas. But ultimately 178 00:10:08,000 --> 00:10:11,960 Speaker 7: that's the explanation of the difference in perceptions. Now that's said, 179 00:10:12,800 --> 00:10:16,320 Speaker 7: there is very little support for the deployment of National 180 00:10:16,320 --> 00:10:19,320 Speaker 7: Guard troops in the urban areas. 181 00:10:19,360 --> 00:10:21,000 Speaker 6: It doesn't matter how you ask it. 182 00:10:21,240 --> 00:10:24,400 Speaker 7: You only get somewhere between twenty and thirty percent of 183 00:10:24,400 --> 00:10:29,240 Speaker 7: Americans agreeing with it. But still you get a strong 184 00:10:29,320 --> 00:10:34,319 Speaker 7: majority of Republicans. But as a general not base issue, 185 00:10:34,880 --> 00:10:35,480 Speaker 7: it doesn't fly. 186 00:10:37,920 --> 00:10:39,640 Speaker 4: And Cliff, I do want to go back to one 187 00:10:39,640 --> 00:10:44,120 Speaker 4: point that you made at the top, just about political extremism. 188 00:10:44,240 --> 00:10:47,120 Speaker 4: We saw the White House present Charlie Kirk with a 189 00:10:47,240 --> 00:10:50,559 Speaker 4: posthumous medal of honor yesterday. 190 00:10:50,840 --> 00:10:53,040 Speaker 3: Some of your research shows that this had been front 191 00:10:53,040 --> 00:10:53,560 Speaker 3: and center for. 192 00:10:53,640 --> 00:10:59,959 Speaker 4: Americans even before Kirk's murder about five weeks ago. 193 00:11:00,600 --> 00:11:02,040 Speaker 3: What are you saying there in the numbers? 194 00:11:03,480 --> 00:11:06,160 Speaker 7: Yeah, so, as you said, Mario, that's a great point. 195 00:11:06,360 --> 00:11:11,480 Speaker 7: It actually worry about political extremism predates the Charlie Kirk assassination. 196 00:11:11,880 --> 00:11:14,040 Speaker 6: It already was the number one issue. 197 00:11:14,559 --> 00:11:18,560 Speaker 7: What's happened since then, It's become a more national issue, 198 00:11:18,840 --> 00:11:21,720 Speaker 7: not a democratic issue, because historically it had been very much 199 00:11:21,760 --> 00:11:25,920 Speaker 7: a democratic issue, worries about threats to democracy, worries that 200 00:11:25,920 --> 00:11:29,640 Speaker 7: Trump was authoritarian. Now we have Republicans saying the same 201 00:11:29,840 --> 00:11:34,560 Speaker 7: that they are worried with polical violence, and it's directly 202 00:11:34,559 --> 00:11:36,520 Speaker 7: a function of the Kirk issue. 203 00:11:36,960 --> 00:11:38,600 Speaker 2: It's great to have you back, Cliff, and thanks for 204 00:11:38,640 --> 00:11:42,240 Speaker 2: sharing this research from IPSOS. As always, Cliff Young with 205 00:11:42,320 --> 00:11:45,480 Speaker 2: us live on Bloomberg It's Balance of Power. I'm Joe 206 00:11:45,480 --> 00:11:48,240 Speaker 2: Matthew alongside Mario Parker in Washington. We've got a lot 207 00:11:48,280 --> 00:11:50,679 Speaker 2: more ahead. Stay with us on Balance of Power. We'll 208 00:11:50,720 --> 00:11:52,280 Speaker 2: have much more coming up after this. 209 00:11:56,640 --> 00:12:00,040 Speaker 1: You're listening to the Bloomberg Balance of Power Podcast. It 210 00:12:00,240 --> 00:12:03,240 Speaker 1: is live weekdays at noon and five pm Eastern on 211 00:12:03,360 --> 00:12:06,600 Speaker 1: Apple Cocklay and Android Auto with the Bloomberg Business App. 212 00:12:06,640 --> 00:12:09,640 Speaker 1: You can also listen live on Amazon Alexa from our 213 00:12:09,679 --> 00:12:14,160 Speaker 1: flagship New York station, Just Say Alexa played Bloomberg eleven thirty. 214 00:12:15,720 --> 00:12:19,720 Speaker 2: Sam Lecardo is Democrat representing sixteenth District of California, the 215 00:12:19,720 --> 00:12:22,600 Speaker 2: former mayor of San Jose. Back with us on Bloomberg 216 00:12:22,640 --> 00:12:24,520 Speaker 2: TV and Radio and Congressman, it's good to see you. 217 00:12:24,520 --> 00:12:27,520 Speaker 2: Welcome back one of your thoughts on what we're discussing here, 218 00:12:27,760 --> 00:12:31,120 Speaker 2: Because if the Democratic calculation is correct, you wait long enough, 219 00:12:31,160 --> 00:12:35,559 Speaker 2: Republicans will eventually have to address the Obamacare subsidy issue. 220 00:12:36,040 --> 00:12:38,400 Speaker 2: With this year end deadline approaching. How long do you 221 00:12:38,440 --> 00:12:38,880 Speaker 2: think that. 222 00:12:38,880 --> 00:12:42,360 Speaker 9: Is, Well, we shouldn't need to wait that long. 223 00:12:42,640 --> 00:12:46,040 Speaker 10: Speaker Mike Johnson said yesterday that there is no strategy 224 00:12:46,520 --> 00:12:48,840 Speaker 10: moving forward. Well, there is a strategy. It's actually the 225 00:12:48,880 --> 00:12:52,679 Speaker 10: oldest strategy in Capitol Hill. It's called negotiation. And I've 226 00:12:52,679 --> 00:12:54,839 Speaker 10: been on the phone with a half dozen Republicans over 227 00:12:54,880 --> 00:12:57,880 Speaker 10: the last day, and I can tell you that we 228 00:12:58,160 --> 00:13:02,600 Speaker 10: can extend Affordable Care Act tax credits for those twenty 229 00:13:02,679 --> 00:13:06,520 Speaker 10: two million Americans and many more. We can do so 230 00:13:06,559 --> 00:13:08,920 Speaker 10: at a lower cost with income caps. 231 00:13:09,160 --> 00:13:10,280 Speaker 9: But what we can't. 232 00:13:09,960 --> 00:13:14,600 Speaker 10: Do is force the burden of higher costs on tens 233 00:13:14,600 --> 00:13:17,120 Speaker 10: of millions of American families, including those twenty two million 234 00:13:17,160 --> 00:13:20,280 Speaker 10: Americans who are going to see their premiums double. We 235 00:13:20,320 --> 00:13:25,000 Speaker 10: can't do that, and so I think many Republicans understand 236 00:13:25,040 --> 00:13:26,680 Speaker 10: that the question is whether they're going to have the 237 00:13:26,720 --> 00:13:29,520 Speaker 10: courage to step up. We can do this with a negotiation, 238 00:13:29,640 --> 00:13:33,520 Speaker 10: but we need speaker willing to negotiate, and we are 239 00:13:33,559 --> 00:13:36,200 Speaker 10: here more than two hundred Democrats waiting for a speaker 240 00:13:36,240 --> 00:13:39,120 Speaker 10: to show up to negotiate with He's not here yet. 241 00:13:39,720 --> 00:13:41,000 Speaker 10: And you know, I was mayor of the city of 242 00:13:41,000 --> 00:13:44,880 Speaker 10: a million people. We passed eight balanced budgets and every 243 00:13:44,920 --> 00:13:45,559 Speaker 10: single one of them. 244 00:13:45,559 --> 00:13:48,920 Speaker 9: I negotiate with people who disagree with me. That's leadership, 245 00:13:48,960 --> 00:13:50,000 Speaker 9: That's what we all have to do. 246 00:13:51,640 --> 00:13:53,680 Speaker 2: What do you think about the most Congressman that the 247 00:13:53,679 --> 00:13:56,520 Speaker 2: administration has made that we were discussing finding a work 248 00:13:56,559 --> 00:14:00,520 Speaker 2: around for military pay, federal law enforcement help helping to 249 00:14:00,559 --> 00:14:04,920 Speaker 2: fund the WICK program. Did the administration effectively extend this 250 00:14:05,000 --> 00:14:08,840 Speaker 2: shutdown by doing this or take the glare off Democrats 251 00:14:09,280 --> 00:14:14,120 Speaker 2: in the meantime, I'm trying to figure out the political strategy. 252 00:14:14,240 --> 00:14:16,199 Speaker 10: It's a good question, and I don't think I'm paid 253 00:14:16,240 --> 00:14:18,920 Speaker 10: well enough to be a very good political consultant to 254 00:14:18,960 --> 00:14:20,880 Speaker 10: give you a good answer to that. But what I 255 00:14:20,880 --> 00:14:23,720 Speaker 10: do know is that the focus now in the national 256 00:14:23,760 --> 00:14:26,560 Speaker 10: debate is where it should be, which is healthcare. Because 257 00:14:26,600 --> 00:14:28,360 Speaker 10: we know it's not just these twenty two million Americans 258 00:14:28,400 --> 00:14:30,240 Speaker 10: are going to pay twice as much in their premiums, 259 00:14:30,320 --> 00:14:32,440 Speaker 10: but all of us are going to pay much more for. 260 00:14:32,400 --> 00:14:34,920 Speaker 9: Our premiums because another four million. 261 00:14:34,720 --> 00:14:38,080 Speaker 10: Americans we push on out of the insurance world into 262 00:14:38,200 --> 00:14:41,400 Speaker 10: getting their care in emergency rooms and from ambulances, which 263 00:14:41,440 --> 00:14:42,880 Speaker 10: is more expensive because we know. 264 00:14:42,920 --> 00:14:44,840 Speaker 9: That passes on the cost to all of us. 265 00:14:45,200 --> 00:14:47,200 Speaker 10: So we're going to see all of our premiums rise 266 00:14:47,400 --> 00:14:49,640 Speaker 10: if we don't get this solved, and we're out of 267 00:14:49,640 --> 00:14:52,840 Speaker 10: time because we know November first is one all of 268 00:14:52,920 --> 00:14:57,000 Speaker 10: us receive that information about what plans we can choose 269 00:14:57,000 --> 00:14:59,320 Speaker 10: and that what price, So we've got to get it 270 00:14:59,360 --> 00:15:00,000 Speaker 10: done quickly. 271 00:15:02,880 --> 00:15:06,160 Speaker 2: What is it that has you in Washington. I understand 272 00:15:06,200 --> 00:15:10,360 Speaker 2: that your leader, Hakem Jefferies has called the Democratic Conference 273 00:15:10,440 --> 00:15:13,120 Speaker 2: back into town just to be present. Are you, are 274 00:15:13,160 --> 00:15:17,320 Speaker 2: you having conversations with anyone? Are you doing interviews trying 275 00:15:17,320 --> 00:15:19,920 Speaker 2: to spread the message. What's the purpose of being here 276 00:15:19,960 --> 00:15:21,640 Speaker 2: when the House is not actually in session. 277 00:15:22,920 --> 00:15:25,520 Speaker 10: Well, yes, we have had caucus meetings and certainly we're 278 00:15:25,560 --> 00:15:28,280 Speaker 10: talking to media as I am now, But frankly, my 279 00:15:28,320 --> 00:15:31,320 Speaker 10: conversations the Republicans have been over the phone because they're 280 00:15:31,360 --> 00:15:32,360 Speaker 10: not near there at home. 281 00:15:33,280 --> 00:15:36,400 Speaker 9: Look, we're on duty, they're on vacation. 282 00:15:36,640 --> 00:15:39,920 Speaker 10: We need everybody to be on duty because we need 283 00:15:39,920 --> 00:15:41,840 Speaker 10: to do much more for the American people. They deserve 284 00:15:41,880 --> 00:15:45,320 Speaker 10: better than this. And since the big ugly bill passed 285 00:15:46,080 --> 00:15:50,080 Speaker 10: what one hundred and four days ago, Speaker Johnson has 286 00:15:50,120 --> 00:15:55,600 Speaker 10: called us into session exactly nineteen days. So that is 287 00:15:55,760 --> 00:15:58,000 Speaker 10: not a record of hard work that's going to be 288 00:15:58,040 --> 00:16:01,080 Speaker 10: required to get us to negotiate to move. He's got 289 00:16:01,080 --> 00:16:03,000 Speaker 10: to call the House back into session and he needs 290 00:16:03,040 --> 00:16:05,360 Speaker 10: to get his team here so we can negotiate. 291 00:16:06,480 --> 00:16:08,160 Speaker 2: Well, I know you have a unique view as a 292 00:16:08,200 --> 00:16:10,800 Speaker 2: former mayor, and as we say frequently on this program, 293 00:16:10,840 --> 00:16:14,360 Speaker 2: mayors don't always have the luxury of lawmakers in Washington 294 00:16:14,400 --> 00:16:17,640 Speaker 2: when it comes to playing partisan politics. What is going 295 00:16:17,720 --> 00:16:22,720 Speaker 2: to happen when these notices start going out. Many of them, 296 00:16:22,720 --> 00:16:25,200 Speaker 2: to your point, are out already. Open enrollment set to 297 00:16:25,240 --> 00:16:28,080 Speaker 2: begin on the first of November. Does your phone start 298 00:16:28,160 --> 00:16:30,200 Speaker 2: ringing off the hook? Do you actually are you able 299 00:16:30,200 --> 00:16:33,640 Speaker 2: to provide constituent services in the middle of a shutdown? 300 00:16:33,720 --> 00:16:36,440 Speaker 2: And what would it mean? How many people would see 301 00:16:36,480 --> 00:16:38,280 Speaker 2: their premiums rise in your district? 302 00:16:39,480 --> 00:16:44,360 Speaker 10: Well, we'll see twenty two thousand, I'm sorry, twenty four thousand. 303 00:16:44,400 --> 00:16:48,000 Speaker 10: Excuse me, twenty four thousand families see their premiums nearly 304 00:16:48,080 --> 00:16:50,360 Speaker 10: double as a result. And in my district that means 305 00:16:50,480 --> 00:16:53,280 Speaker 10: about thirty two hundred dollars a year more that they'll 306 00:16:53,280 --> 00:16:56,160 Speaker 10: be paying for their health insurance. But really, this is 307 00:16:56,160 --> 00:16:58,280 Speaker 10: going to be burned on the entire hell system. We 308 00:16:58,400 --> 00:17:00,280 Speaker 10: know it's going to force the closures to some clinics 309 00:17:00,320 --> 00:17:02,600 Speaker 10: and hospitals, and it's going to increase the cost for 310 00:17:02,640 --> 00:17:04,320 Speaker 10: all of us, even if we're on private plans that 311 00:17:04,359 --> 00:17:07,399 Speaker 10: we don't purchase on the exchange, and so everyone's going 312 00:17:07,400 --> 00:17:09,360 Speaker 10: to feel the pain here. Yes, we're going to get 313 00:17:09,359 --> 00:17:12,040 Speaker 10: the calls, and yes we will be there manning the 314 00:17:12,040 --> 00:17:15,840 Speaker 10: phones and receiving the emails because our offices have been opened. 315 00:17:15,880 --> 00:17:18,119 Speaker 10: In fact, I even opened an additional office back at 316 00:17:18,160 --> 00:17:20,760 Speaker 10: home in the last couple of weeks to ensure that 317 00:17:20,840 --> 00:17:23,119 Speaker 10: we can handle what we know is a lot of 318 00:17:23,119 --> 00:17:25,320 Speaker 10: pain for folks who've been meeting with federal employees and 319 00:17:25,320 --> 00:17:27,600 Speaker 10: their unions and so forth to try to figure out 320 00:17:27,640 --> 00:17:30,360 Speaker 10: how we can reduce the burden that so many Americans 321 00:17:30,400 --> 00:17:30,919 Speaker 10: are feeling. 322 00:17:32,040 --> 00:17:36,040 Speaker 2: I understand the Capitol Police have missed their first full paycheck. 323 00:17:36,119 --> 00:17:39,199 Speaker 2: Now for the first time, they're not included in the 324 00:17:39,240 --> 00:17:42,239 Speaker 2: military or the federal law enforcement coverage unless you can 325 00:17:42,280 --> 00:17:45,520 Speaker 2: tell me otherwise. Congressman, we've had a big conversation about 326 00:17:45,520 --> 00:17:50,960 Speaker 2: security in the capital recently with the uptick in political violence. 327 00:17:51,000 --> 00:17:54,320 Speaker 2: How concerned are you about the Capitol police not being compensated. 328 00:17:54,359 --> 00:17:55,800 Speaker 2: What does that mean for your security? 329 00:17:57,040 --> 00:17:59,280 Speaker 9: Well, forget my security. 330 00:17:59,320 --> 00:18:02,840 Speaker 10: I think it's a shame and we should all feel 331 00:18:02,880 --> 00:18:05,639 Speaker 10: shame because these are women and men who struggle to 332 00:18:05,640 --> 00:18:08,600 Speaker 10: pay their rent to live in a very expensive Washington metro. 333 00:18:09,200 --> 00:18:12,400 Speaker 10: They deserve to get paid, just like everyone else does 334 00:18:12,480 --> 00:18:14,920 Speaker 10: who's working hard. By the way, members of my team, 335 00:18:15,160 --> 00:18:17,760 Speaker 10: I'm also not taking a paycheck during this time. We 336 00:18:17,840 --> 00:18:20,880 Speaker 10: all need to get the government open and we need 337 00:18:20,920 --> 00:18:23,000 Speaker 10: to be We need to be able to treat all 338 00:18:23,040 --> 00:18:25,119 Speaker 10: of our employees and the American people more fairly. 339 00:18:26,280 --> 00:18:28,400 Speaker 2: I want to ask you about the rhetoric that we've 340 00:18:28,440 --> 00:18:30,080 Speaker 2: been hearing from the White House, and I'm not sure 341 00:18:30,080 --> 00:18:31,280 Speaker 2: what the President will say. He is going to have 342 00:18:31,320 --> 00:18:33,680 Speaker 2: a news conference later on today, and I suspect we'll 343 00:18:33,680 --> 00:18:38,480 Speaker 2: add to this conversation. But in promising mass layoffs as 344 00:18:38,560 --> 00:18:42,119 Speaker 2: russ vote has at least begun to announce the riffs 345 00:18:43,240 --> 00:18:46,520 Speaker 2: with this shutdown. The President has also suggested that on 346 00:18:46,640 --> 00:18:49,399 Speaker 2: Friday he will have a list two days from now, 347 00:18:49,440 --> 00:18:52,000 Speaker 2: a list of what he refers to as Democrat programs 348 00:18:52,040 --> 00:18:54,639 Speaker 2: that will be cut. Let's play for our audience what 349 00:18:54,760 --> 00:18:57,919 Speaker 2: he said yesterday. Congressman will have you respond, here's the president. 350 00:18:58,600 --> 00:19:02,080 Speaker 11: The Democrats you're getting, and we're going to have a 351 00:19:02,119 --> 00:19:05,119 Speaker 11: list of them on Friday, closing up some of the 352 00:19:05,160 --> 00:19:11,000 Speaker 11: most egregious socialist semi communists, probably not full communists, we're 353 00:19:11,000 --> 00:19:14,800 Speaker 11: saving that in New York, but semi communist programs, and 354 00:19:14,840 --> 00:19:18,920 Speaker 11: we're closing them up. We're not closing up Republican programs 355 00:19:18,960 --> 00:19:20,000 Speaker 11: because we think they work. 356 00:19:21,960 --> 00:19:27,680 Speaker 2: Congressmen, I remain confused on this one, because obviously citizens 357 00:19:28,200 --> 00:19:31,160 Speaker 2: who are members of both parties and independents all tend 358 00:19:31,200 --> 00:19:35,080 Speaker 2: to make use of these federal programs. Which programs are 359 00:19:35,080 --> 00:19:36,359 Speaker 2: you aware that he's talking about. 360 00:19:36,920 --> 00:19:39,280 Speaker 10: I'm not sure I really know, as he's saying social 361 00:19:39,320 --> 00:19:44,120 Speaker 10: Security A semi communist, I don't know. But nonetheless, I'm 362 00:19:44,160 --> 00:19:48,840 Speaker 10: confident as you are that many Republican and Democratic Americans 363 00:19:48,880 --> 00:19:50,919 Speaker 10: depend on all these programs and we need to keep 364 00:19:50,960 --> 00:19:54,240 Speaker 10: them up open and running for America. But let's keep 365 00:19:54,280 --> 00:19:56,840 Speaker 10: in mind this threat is no different than the threat 366 00:19:57,920 --> 00:20:00,680 Speaker 10: that we have heard. Since January twentieth, we have seen 367 00:20:00,800 --> 00:20:04,440 Speaker 10: fifty five thousand federal employees fired, one hundred and fifty 368 00:20:04,480 --> 00:20:08,040 Speaker 10: thousand more pushed out the door. The most recent announcement 369 00:20:08,080 --> 00:20:10,960 Speaker 10: was for another four thousand. We know it's all illegal, obviously, 370 00:20:11,000 --> 00:20:11,800 Speaker 10: that's in litigation. 371 00:20:11,840 --> 00:20:13,040 Speaker 9: We've had many federal. 372 00:20:12,840 --> 00:20:16,680 Speaker 10: Judges weigh in on this, and we've seen Republican appointed 373 00:20:16,720 --> 00:20:19,960 Speaker 10: judges telling this administration it's a violation of the APA 374 00:20:20,040 --> 00:20:20,760 Speaker 10: and other laws. 375 00:20:21,640 --> 00:20:23,959 Speaker 9: This continues to be illegal. Will continue to fight it. 376 00:20:24,160 --> 00:20:25,840 Speaker 9: But this is just more of the same. 377 00:20:27,560 --> 00:20:31,560 Speaker 2: Well, really interesting wrinkle here. Do you take them at 378 00:20:31,560 --> 00:20:34,520 Speaker 2: his word? Will there be more firings? Will programs be 379 00:20:34,640 --> 00:20:35,200 Speaker 2: closed down? 380 00:20:36,280 --> 00:20:36,480 Speaker 6: Oh? 381 00:20:36,600 --> 00:20:38,600 Speaker 10: Sure, he'll close them and then he'll reopen them, and 382 00:20:38,720 --> 00:20:41,000 Speaker 10: he realizes he made a mistake, just like he did 383 00:20:41,040 --> 00:20:44,720 Speaker 10: a few days ago. Look, these folks are shooting from 384 00:20:44,720 --> 00:20:48,879 Speaker 10: the hip and more importantly, shooting before they aim. And 385 00:20:48,920 --> 00:20:51,280 Speaker 10: we've seen that constantly from the times of dose through 386 00:20:51,320 --> 00:20:54,720 Speaker 10: the recisions and now these decisions. We know what the 387 00:20:54,760 --> 00:20:57,000 Speaker 10: framers of the Constitution decided, which was the power of 388 00:20:57,040 --> 00:21:00,600 Speaker 10: the person lies with Congress. Obviously, everything that they're doing 389 00:21:00,680 --> 00:21:04,639 Speaker 10: is illegal, and they're going to find that some of 390 00:21:04,640 --> 00:21:07,560 Speaker 10: these things they're doing illegally are probably not very well 391 00:21:07,600 --> 00:21:11,040 Speaker 10: considered even for them, as we have seen them routinely 392 00:21:11,720 --> 00:21:13,560 Speaker 10: back up. So, yes, we're going to see more of this. 393 00:21:13,800 --> 00:21:16,840 Speaker 10: Then they'll back off. Then we'll have judges shut it down. 394 00:21:17,040 --> 00:21:18,120 Speaker 10: We're going to continue to fight. 395 00:21:19,320 --> 00:21:21,280 Speaker 2: Well, we'll find out if you're right on that, Congressman, 396 00:21:21,320 --> 00:21:23,080 Speaker 2: because it all does seem to be headed to the courts. 397 00:21:23,080 --> 00:21:23,240 Speaker 6: Here. 398 00:21:23,280 --> 00:21:27,720 Speaker 2: Saan Lecardo, many thanks, California sixteenth District, the Democrat in 399 00:21:27,880 --> 00:21:30,480 Speaker 2: Washington with us live on Bloomberg TV and radio. We'll 400 00:21:30,480 --> 00:21:33,200 Speaker 2: have more voices from both sides of the aisle as 401 00:21:33,200 --> 00:21:35,080 Speaker 2: we make our way through this shutdown, and we'll assemble 402 00:21:35,119 --> 00:21:37,520 Speaker 2: our panel. Next, stay with us on Balance of Power. 403 00:21:37,560 --> 00:21:39,320 Speaker 2: We'll have much more coming up after this. 404 00:21:43,640 --> 00:21:47,120 Speaker 1: You're listening to the Bloomberg Balance of Power Podcast. Catch 405 00:21:47,160 --> 00:21:50,240 Speaker 1: us live weekdays at noon and five pm Eastern on 406 00:21:50,359 --> 00:21:53,600 Speaker 1: Apple Cocklay and Android Auto with the Bloomberg Business App. 407 00:21:53,640 --> 00:21:56,639 Speaker 1: You can also listen live on Amazon Alexa from our 408 00:21:56,680 --> 00:22:01,160 Speaker 1: flagship New York station Just Say Alexa played Bloomberg eleven thirty. 409 00:22:02,560 --> 00:22:04,800 Speaker 2: I'll tell you what, Mario, the fact that the government 410 00:22:04,800 --> 00:22:10,679 Speaker 2: had shut down is not keeping politicians from turning to 411 00:22:10,760 --> 00:22:14,760 Speaker 2: the campaign trail. And in the case of Seth Moulten today, 412 00:22:15,440 --> 00:22:20,040 Speaker 2: this is fascinating democrat from Massachusetts, member of Congress. You've 413 00:22:20,280 --> 00:22:23,199 Speaker 2: heard him many times, seen him many times on this 414 00:22:23,320 --> 00:22:26,920 Speaker 2: program right in a rock War veteran, Marine Corps combat 415 00:22:26,960 --> 00:22:29,719 Speaker 2: veteran with an incredible story to tell, who is reached 416 00:22:29,800 --> 00:22:33,919 Speaker 2: for leadership positions in the past. He in fact challenged 417 00:22:34,000 --> 00:22:37,240 Speaker 2: Nancy Pelosi at one point for Speaker and did launch 418 00:22:37,280 --> 00:22:41,280 Speaker 2: an ill fated run for president. Now it's onto the Senate. Yes, 419 00:22:41,440 --> 00:22:44,000 Speaker 2: Seth Molten making the announcement in video for him today. 420 00:22:44,040 --> 00:22:44,760 Speaker 2: Watch it listen. 421 00:22:45,720 --> 00:22:49,240 Speaker 12: We're in a crisis and with everything we learned last election, 422 00:22:49,800 --> 00:22:52,040 Speaker 12: I just don't believe Center Markie should be running for 423 00:22:52,080 --> 00:22:55,680 Speaker 12: another six year term at eighty years old. Even more, 424 00:22:56,040 --> 00:22:58,240 Speaker 12: I don't think someone who's been in Congress for half 425 00:22:58,240 --> 00:23:01,040 Speaker 12: a century is the right person to meet this moment 426 00:23:01,359 --> 00:23:04,800 Speaker 12: and win the future. Sarah, Marky's a good man, but 427 00:23:04,880 --> 00:23:07,040 Speaker 12: it's time for a new generation of leadership. 428 00:23:07,440 --> 00:23:09,879 Speaker 2: And that's why I'm running for US Senate. 429 00:23:11,200 --> 00:23:11,520 Speaker 3: Wow. 430 00:23:12,320 --> 00:23:14,439 Speaker 2: You know, Joe Kennedy tried this as well, and it 431 00:23:14,480 --> 00:23:17,119 Speaker 2: was the end, at least for now of his political career, 432 00:23:17,160 --> 00:23:19,520 Speaker 2: as the end of his congressional career ed. Marky's like 433 00:23:19,560 --> 00:23:22,320 Speaker 2: part of the woodwork up there with Seth Multen's right, 434 00:23:22,320 --> 00:23:24,480 Speaker 2: he's turning eighty, and that's. 435 00:23:24,320 --> 00:23:27,040 Speaker 4: Part of the risk, right when you challenge these members 436 00:23:27,040 --> 00:23:29,520 Speaker 4: in Congress who have who have been there for a 437 00:23:29,560 --> 00:23:30,159 Speaker 4: long time. 438 00:23:30,520 --> 00:23:31,440 Speaker 3: I'm from Chicago. 439 00:23:31,520 --> 00:23:35,200 Speaker 4: I remember an upstart named Barack Obama and challenge Bobby 440 00:23:35,280 --> 00:23:38,359 Speaker 4: Rush years ago and lost the only election that he 441 00:23:38,440 --> 00:23:40,919 Speaker 4: had run in. Right, So we see how tough this 442 00:23:41,000 --> 00:23:43,920 Speaker 4: can be when younger upstarts an ambition. 443 00:23:44,359 --> 00:23:45,280 Speaker 3: Go this route. 444 00:23:45,400 --> 00:23:47,480 Speaker 4: But what's striking to me is that even as the 445 00:23:47,520 --> 00:23:50,320 Speaker 4: Democratic Party is seeing some signs. 446 00:23:49,960 --> 00:23:51,960 Speaker 3: Of lifting itself from the mad right. 447 00:23:51,800 --> 00:23:55,000 Speaker 4: From last November with the shut down argument, coal leasing 448 00:23:55,040 --> 00:23:57,879 Speaker 4: around healthcare, etc. That you're still seeing some of the 449 00:23:57,920 --> 00:24:01,360 Speaker 4: demons that bedeviled him last November taking hold right now 450 00:24:01,359 --> 00:24:03,080 Speaker 4: with the generational problem. 451 00:24:02,760 --> 00:24:06,440 Speaker 2: The generational issue. So enter Janet Mills. This is where 452 00:24:06,480 --> 00:24:08,359 Speaker 2: it gets interesting and we're going to bring our panel 453 00:24:08,359 --> 00:24:12,440 Speaker 2: in here on this. Janet Mills, the Republican governor of Maine, 454 00:24:12,960 --> 00:24:14,960 Speaker 2: has decided to run for Senate. It's going to primary 455 00:24:15,000 --> 00:24:18,080 Speaker 2: Susan Collins. Janet Mills, this is the opposite effect. Here 456 00:24:18,119 --> 00:24:20,679 Speaker 2: would be the oldest, from what I understand based on 457 00:24:20,720 --> 00:24:24,439 Speaker 2: my research, the oldest freshman senator ever elected if she 458 00:24:24,520 --> 00:24:27,639 Speaker 2: were to win, at seventy eight years old. So this 459 00:24:27,720 --> 00:24:29,600 Speaker 2: is an interesting push or pull. We've also got a 460 00:24:29,640 --> 00:24:31,600 Speaker 2: fascinating one that we're waiting for in New Hampshire that 461 00:24:31,640 --> 00:24:36,359 Speaker 2: could well be the knockdown, drag out primary between Scott Brown, 462 00:24:36,440 --> 00:24:40,399 Speaker 2: the former senator, and Johnson UNU. So let's bring the 463 00:24:40,440 --> 00:24:42,960 Speaker 2: panel in here because we like talking campaigns. I miss 464 00:24:43,000 --> 00:24:44,720 Speaker 2: this stuff, to be honest with you. I mean, we 465 00:24:44,800 --> 00:24:47,360 Speaker 2: have to cover the governing of this country. But cantaign 466 00:24:47,400 --> 00:24:49,679 Speaker 2: season is what gets the political junkies move in and 467 00:24:49,720 --> 00:24:53,000 Speaker 2: just ask Rick Davis and Jeanie Shanze no Bloomberg Politics contributors. 468 00:24:53,000 --> 00:24:55,919 Speaker 2: They're both with us. Genie is Democracy visiting fellow at 469 00:24:55,920 --> 00:24:58,920 Speaker 2: Harvard Kennedy Schools ASH Center, and Rick is partner at 470 00:24:58,920 --> 00:25:02,359 Speaker 2: Stone Court Capital are Republican strategists. So Rick, I'll start 471 00:25:02,359 --> 00:25:06,639 Speaker 2: with you on this campaign by way of Maine. What 472 00:25:06,680 --> 00:25:09,520 Speaker 2: do you make of this with Janet Mills running to 473 00:25:09,560 --> 00:25:12,840 Speaker 2: the Senate at seventy eight while Seth Molten says ed 474 00:25:12,920 --> 00:25:14,399 Speaker 2: Markey should run away at eighty. 475 00:25:15,960 --> 00:25:19,000 Speaker 8: Yeah, there's no question that part of the debate that's 476 00:25:19,040 --> 00:25:21,800 Speaker 8: going on inside the Democratic Party is a generational one. 477 00:25:21,880 --> 00:25:24,560 Speaker 8: You know, when you've got Chuck Schumer, the majority leader, 478 00:25:24,680 --> 00:25:29,359 Speaker 8: you know, as a geriatric in the Senate, and so 479 00:25:29,800 --> 00:25:32,920 Speaker 8: you know, the symbolism should not be lost and it's 480 00:25:32,920 --> 00:25:37,040 Speaker 8: not lost on voters. Voters have been pretty grumpy about 481 00:25:37,320 --> 00:25:40,720 Speaker 8: older candidates in the past, and wouldn't surprise me that 482 00:25:40,840 --> 00:25:42,920 Speaker 8: age is one of the dominant issues in this year's 483 00:25:42,960 --> 00:25:46,919 Speaker 8: election cycle, not just here but also in places like Texas. 484 00:25:47,000 --> 00:25:48,760 Speaker 2: And as you pointed out. 485 00:25:48,600 --> 00:25:51,720 Speaker 8: You know you've got other barn burner races, But I 486 00:25:51,760 --> 00:25:54,639 Speaker 8: think age is a is a constant in politics, and 487 00:25:54,680 --> 00:25:57,040 Speaker 8: it's going to be a hot one in this election cycle. 488 00:25:59,200 --> 00:26:02,080 Speaker 4: And Jennie from the Democratic side, I mean, does this 489 00:26:02,240 --> 00:26:05,080 Speaker 4: hurt or help the party having these type of arguments 490 00:26:05,440 --> 00:26:08,960 Speaker 4: in public view right now, these challenges that Moulton is 491 00:26:08,960 --> 00:26:13,520 Speaker 4: making along these lines of generations and age. 492 00:26:14,480 --> 00:26:17,040 Speaker 13: Yeah, I first want to thank you guys because to 493 00:26:17,119 --> 00:26:19,800 Speaker 13: Joe's point, I am so thrilled to be talking elections. 494 00:26:19,840 --> 00:26:22,560 Speaker 13: It means we are in midterm season almost and of 495 00:26:22,560 --> 00:26:25,760 Speaker 13: course as a New England person, I love three good 496 00:26:25,800 --> 00:26:26,760 Speaker 13: New England stories. 497 00:26:27,640 --> 00:26:29,480 Speaker 6: You know, we are seeing these. 498 00:26:29,359 --> 00:26:32,760 Speaker 13: Generational fights, but there's a big difference on the Democratic 499 00:26:32,840 --> 00:26:35,680 Speaker 13: side between what we're seeing in Maine and what we're 500 00:26:35,720 --> 00:26:40,040 Speaker 13: seeing in Massachusetts. You know the problem the difference is 501 00:26:40,080 --> 00:26:44,960 Speaker 13: we can't conflate age and ideology. It's so fascinating because 502 00:26:44,960 --> 00:26:49,080 Speaker 13: in the Massachusetts case, Moulton is the younger and more 503 00:26:49,200 --> 00:26:52,399 Speaker 13: moderate of the candidates. Marky is much more or at 504 00:26:52,480 --> 00:26:56,080 Speaker 13: least somewhat more progressive. And I should also add I 505 00:26:56,440 --> 00:27:02,040 Speaker 13: believe I have these numbers right that Marky was elected 506 00:27:02,040 --> 00:27:06,040 Speaker 13: to office two years before Moulton was born, so that'll 507 00:27:06,119 --> 00:27:09,040 Speaker 13: tell you something. But Marky is the more progressive of 508 00:27:09,080 --> 00:27:12,040 Speaker 13: the candidates. It's flipped around when you get to the 509 00:27:12,080 --> 00:27:15,080 Speaker 13: Democratic side in Maine and you see somebody like the 510 00:27:15,119 --> 00:27:19,000 Speaker 13: governor Janet Mills, and you see somebody like Platner, who 511 00:27:19,080 --> 00:27:22,680 Speaker 13: is the younger and more progressive. So it's running along 512 00:27:22,760 --> 00:27:27,080 Speaker 13: two tracks, the debates and the Democratic Party, generational and age. 513 00:27:27,480 --> 00:27:31,040 Speaker 13: But one thing a generational, sorry and ideological. But the 514 00:27:31,080 --> 00:27:33,600 Speaker 13: one thing that joins them all together is they are 515 00:27:33,720 --> 00:27:38,280 Speaker 13: all talking about issues of cost of living. Same thing 516 00:27:38,320 --> 00:27:41,080 Speaker 13: we're seeing with Mundani, same thing we're seeing with Multon 517 00:27:41,440 --> 00:27:44,680 Speaker 13: can you afford to live in this trum. 518 00:27:44,560 --> 00:27:45,879 Speaker 6: Two point oh world? 519 00:27:46,080 --> 00:27:49,359 Speaker 13: So that is what joins them all together, regardless of 520 00:27:49,440 --> 00:27:50,640 Speaker 13: age and ideology. 521 00:27:51,680 --> 00:27:52,960 Speaker 2: To be clear, by the way, I should have said, 522 00:27:53,000 --> 00:27:55,199 Speaker 2: Janet Mills is a Democrat. She's got to get through 523 00:27:55,200 --> 00:27:58,280 Speaker 2: a primary, as Genie is describing, to face off with 524 00:27:58,359 --> 00:28:02,480 Speaker 2: Susan Collins. Genie, we remember the race that former Congressman 525 00:28:02,520 --> 00:28:05,119 Speaker 2: Joe Kennedy ran against Ed Marky, and anyone listening to 526 00:28:05,200 --> 00:28:07,320 Speaker 2: us right now on ninety two nine in Boston remembers 527 00:28:07,760 --> 00:28:09,640 Speaker 2: that was a tough one. That was a tough slog 528 00:28:09,680 --> 00:28:11,840 Speaker 2: and there were a lot of young progressives who had 529 00:28:11,880 --> 00:28:14,840 Speaker 2: backed Bernie Sanders who said no we're sticking with Ed Marky. 530 00:28:15,200 --> 00:28:18,560 Speaker 2: He also had a campaign manager in John Walsh who 531 00:28:18,600 --> 00:28:21,120 Speaker 2: followed him to Washington and has since passed, who will 532 00:28:21,119 --> 00:28:23,160 Speaker 2: not be within this time. I just wonder how different 533 00:28:23,200 --> 00:28:25,760 Speaker 2: the dynamic will be in this race with Seth Moulton. 534 00:28:27,280 --> 00:28:29,320 Speaker 6: Yeah, I was just thinking about that. 535 00:28:29,480 --> 00:28:32,080 Speaker 13: I mean, that gives you a sense as to how 536 00:28:32,160 --> 00:28:35,640 Speaker 13: strong Markey has been for years as part of the 537 00:28:36,040 --> 00:28:39,720 Speaker 13: fabric of the Massachusetts political scene, that he could defeat 538 00:28:39,760 --> 00:28:43,240 Speaker 13: a Kennedy, and he did so with a lot of support. 539 00:28:43,680 --> 00:28:46,400 Speaker 13: This race will be different, in part because of our 540 00:28:46,440 --> 00:28:49,600 Speaker 13: experience in twenty twenty four and the issue of age 541 00:28:49,640 --> 00:28:53,760 Speaker 13: and questions about both Markey and Mills. You know, it 542 00:28:53,960 --> 00:28:56,600 Speaker 13: doesn't make sense for Democrats to be running people in 543 00:28:56,640 --> 00:29:00,400 Speaker 13: their late seventies for office after what has been in 544 00:29:00,440 --> 00:29:01,200 Speaker 13: twenty twenty four. 545 00:29:01,280 --> 00:29:02,240 Speaker 6: That's a big question. 546 00:29:02,680 --> 00:29:05,280 Speaker 13: But you know, another part of this is that Moulton 547 00:29:05,680 --> 00:29:08,800 Speaker 13: not only is more moderate, but he has been challenging 548 00:29:08,880 --> 00:29:11,760 Speaker 13: Democrats and doesn't have quite as many I don't know, 549 00:29:11,760 --> 00:29:14,120 Speaker 13: if you want to say friends, A lovely guy that 550 00:29:14,240 --> 00:29:17,920 Speaker 13: doesn't have as many allies in the Congress. He's been 551 00:29:17,960 --> 00:29:20,640 Speaker 13: there a while, doesn't have as many allies as Marquie, 552 00:29:20,720 --> 00:29:23,720 Speaker 13: so very different styles as well. But I think this 553 00:29:23,840 --> 00:29:26,120 Speaker 13: is going to be a much tougher race for Marquie 554 00:29:26,400 --> 00:29:29,040 Speaker 13: because of the environment after twenty four. 555 00:29:31,000 --> 00:29:34,160 Speaker 4: And Rick just looking at Maine, I mean, whether it's 556 00:29:34,240 --> 00:29:38,040 Speaker 4: Janet Mills, whether it's Platner as well. I mean, for 557 00:29:38,120 --> 00:29:41,120 Speaker 4: a long time Democrats have tried to take that seat 558 00:29:41,160 --> 00:29:42,200 Speaker 4: that Collins is held. 559 00:29:43,120 --> 00:29:45,520 Speaker 3: From your perspective, I mean, is she finally. 560 00:29:45,280 --> 00:29:48,760 Speaker 4: Vulnerable or is this a mirage the Democrats risk just 561 00:29:48,800 --> 00:29:50,040 Speaker 4: throwing a lot of money. 562 00:29:49,760 --> 00:29:51,760 Speaker 9: At h That's a good point. 563 00:29:51,800 --> 00:29:53,960 Speaker 8: It was a mirage last time she ran, you know, 564 00:29:54,040 --> 00:29:58,160 Speaker 8: fifty million dollars spent on both sides to unseat her, 565 00:29:58,360 --> 00:30:02,760 Speaker 8: the number one target, and she survived quite well. And 566 00:30:02,800 --> 00:30:05,120 Speaker 8: you're right, I mean, she is the number one target 567 00:30:05,120 --> 00:30:10,320 Speaker 8: again this time, and so I do think the Democrats 568 00:30:10,320 --> 00:30:14,120 Speaker 8: have found a much more competitive opponent this time. Janet 569 00:30:14,120 --> 00:30:19,160 Speaker 8: Mill is very popular governor two terms, survived quite well 570 00:30:19,200 --> 00:30:22,360 Speaker 8: in the state that Donald Trump has a lot of 571 00:30:22,360 --> 00:30:25,560 Speaker 8: supporters in. In fact, you know, has actually done pretty 572 00:30:25,560 --> 00:30:28,479 Speaker 8: well in handhand combat with Donald Trump in the Oval office. 573 00:30:28,520 --> 00:30:32,880 Speaker 8: So she's not somebody that Republicans are taking lightly. Is 574 00:30:33,000 --> 00:30:36,800 Speaker 8: highly anticipated. She'll cruise through a primary, and we'll have 575 00:30:36,880 --> 00:30:38,680 Speaker 8: plenty of money and this will be again one of 576 00:30:38,720 --> 00:30:42,400 Speaker 8: the most expensive Senate races of the cycle. That being 577 00:30:42,440 --> 00:30:46,760 Speaker 8: said Susan Collins, Chairman of the Arms of the Appropriations Committee, 578 00:30:47,120 --> 00:30:50,480 Speaker 8: incredibly powerful in her own right and a terrific campaigner, 579 00:30:51,160 --> 00:30:53,920 Speaker 8: and someone who's been taking this race very seriously since 580 00:30:54,000 --> 00:30:54,400 Speaker 8: day one. 581 00:30:54,440 --> 00:30:56,760 Speaker 2: Has stockpiled a lot of cash both in. 582 00:30:56,720 --> 00:30:59,920 Speaker 8: Her campaign account and in her super pack, so it's 583 00:31:00,120 --> 00:31:03,360 Speaker 8: it could be a knockdown drag out. I would say 584 00:31:03,400 --> 00:31:07,400 Speaker 8: that it will be the number one race Republicans focus on, 585 00:31:08,120 --> 00:31:12,600 Speaker 8: and yet there are other more growing, more competitive races, 586 00:31:12,720 --> 00:31:15,280 Speaker 8: especially depending upon how some of these primaries turn out. 587 00:31:16,000 --> 00:31:18,240 Speaker 2: What do you think about next door in New Hampshire, Rick, 588 00:31:18,320 --> 00:31:20,320 Speaker 2: I consider you a bit of an expert on New 589 00:31:20,320 --> 00:31:23,760 Speaker 2: Hampshire politics, having spent so much time there on the 590 00:31:23,800 --> 00:31:26,640 Speaker 2: presidential campaign level. But you've got Scott Brown now, who's 591 00:31:26,640 --> 00:31:28,560 Speaker 2: no stranger to New Hampshire, and of course he tried 592 00:31:28,560 --> 00:31:31,960 Speaker 2: to beat Geen Shaheen once, already up against apparently and 593 00:31:32,000 --> 00:31:34,080 Speaker 2: it's not officially yet but expected to be up against 594 00:31:34,160 --> 00:31:36,920 Speaker 2: John Sanunu. What does New Hampshire want and its next senator? 595 00:31:38,080 --> 00:31:40,840 Speaker 8: Well, as you say, Scott Brown's not a stranger, but 596 00:31:40,880 --> 00:31:42,920 Speaker 8: he's also not been a resident of New Hampshire for 597 00:31:42,960 --> 00:31:44,200 Speaker 8: a long time, so. 598 00:31:44,840 --> 00:31:46,920 Speaker 3: You know, it is a bit of a twist. 599 00:31:47,960 --> 00:31:50,680 Speaker 8: Very hard to beat a Sanunu in New Hampshire, especially 600 00:31:50,920 --> 00:31:54,440 Speaker 8: considering how popular John's brother Chris was when he left 601 00:31:54,440 --> 00:31:58,560 Speaker 8: the governorship just recently. I don't anticipate this being that 602 00:31:58,760 --> 00:32:02,480 Speaker 8: tough of a primary for on Sounu, but I would 603 00:32:02,520 --> 00:32:06,120 Speaker 8: say the general election there could be really material to 604 00:32:06,160 --> 00:32:09,680 Speaker 8: Republican chances of holding the Senate because Chris poppas who 605 00:32:09,680 --> 00:32:11,400 Speaker 8: I've gotten to know over the years of hanging out 606 00:32:11,400 --> 00:32:14,120 Speaker 8: in bars in New Hampshire. Not that he's a heavy 607 00:32:14,200 --> 00:32:17,640 Speaker 8: drink or anything, but you know, he's a He's a 608 00:32:17,680 --> 00:32:22,160 Speaker 8: formidable Democratic opponent, and in a state where you know, 609 00:32:22,760 --> 00:32:26,520 Speaker 8: even the current governor has, you know, Republican governor has 610 00:32:26,560 --> 00:32:29,680 Speaker 8: all kinds of efforts to try and like distance herself 611 00:32:29,720 --> 00:32:32,520 Speaker 8: from Trump, this will be an interesting one when it 612 00:32:32,520 --> 00:32:35,400 Speaker 8: gets to the general too. So good primary to watch, 613 00:32:35,480 --> 00:32:40,000 Speaker 8: knock down, drag out, but even an equally more interesting 614 00:32:40,200 --> 00:32:41,520 Speaker 8: general election, I think. 615 00:32:43,280 --> 00:32:46,479 Speaker 4: And Genie, to Rick's point about Papa's just being a 616 00:32:46,520 --> 00:32:50,360 Speaker 4: formidable candidate, should should shake out that way. I mean 617 00:32:50,440 --> 00:32:54,920 Speaker 4: Democrats have otherwise we're talking about some of these existential 618 00:32:55,080 --> 00:32:59,960 Speaker 4: and philosophical differences where excuse me, generational differences within the party. 619 00:33:00,040 --> 00:33:03,400 Speaker 4: But Democrats are doing a pretty good job of putting 620 00:33:03,440 --> 00:33:05,680 Speaker 4: forth some solid recruits, right. 621 00:33:06,920 --> 00:33:07,760 Speaker 6: Absolutely. 622 00:33:07,840 --> 00:33:10,080 Speaker 13: And you know, Mario, well, I don't know if you know, 623 00:33:10,200 --> 00:33:13,080 Speaker 13: but I always like to challenge Rick Davis. So when 624 00:33:13,120 --> 00:33:16,240 Speaker 13: he says that the governor of Maybe is gonna sweep 625 00:33:16,320 --> 00:33:20,480 Speaker 13: into the primary on the Democratic side, I wouldn't count 626 00:33:20,520 --> 00:33:24,920 Speaker 13: Platner out. He is a very very attractive to your point, Mario, 627 00:33:25,120 --> 00:33:30,120 Speaker 13: young and progressive up there. So sure she has an incumbency, 628 00:33:30,560 --> 00:33:34,239 Speaker 13: Sure she's friends with Susan Collins. Sure Collins would much 629 00:33:34,320 --> 00:33:37,160 Speaker 13: rather like to run against her. But Plattner is a 630 00:33:37,200 --> 00:33:39,400 Speaker 13: force to be reckoned with as well. So I'm just 631 00:33:39,400 --> 00:33:42,560 Speaker 13: putting that out there, taking it to Rick Davis, And yeah, 632 00:33:42,800 --> 00:33:48,160 Speaker 13: I think the Democrats are absolutely trying to recruit candidates 633 00:33:48,520 --> 00:33:50,400 Speaker 13: and that they. 634 00:33:49,880 --> 00:33:50,920 Speaker 6: Believe can win. 635 00:33:51,000 --> 00:33:53,880 Speaker 13: And that's why we are seeing you know, Chris pamphis 636 00:33:53,920 --> 00:33:56,040 Speaker 13: he is a formidable candidate. 637 00:33:56,120 --> 00:33:57,760 Speaker 6: So that is certainly a race to want. 638 00:33:59,040 --> 00:34:01,560 Speaker 2: You'd never say anything bad about Rick Davis. I know 639 00:34:01,600 --> 00:34:05,840 Speaker 2: how this works. Geenie Schanzeno, Rick Davis, our Bloomberg Politics contributors. 640 00:34:05,840 --> 00:34:07,880 Speaker 2: Thank you. We'll meet you back here tomorrow. Thanks for 641 00:34:07,920 --> 00:34:11,040 Speaker 2: listening to the Balance of Power podcast. Make sure to 642 00:34:11,040 --> 00:34:14,200 Speaker 2: subscribe if you haven't already, at Apple, Spotify, or wherever 643 00:34:14,239 --> 00:34:16,839 Speaker 2: you get your podcasts, and you can find us live 644 00:34:16,920 --> 00:34:20,680 Speaker 2: every weekday from Washington, DC at noontime Eastern at Bloomberg 645 00:34:20,760 --> 00:34:21,480 Speaker 2: dot com.