1 00:00:02,880 --> 00:00:07,120 Speaker 1: Live from our nation's capital. This is Bloomberg Sound On. 2 00:00:08,200 --> 00:00:10,760 Speaker 1: No president should be able to sustain boots on the 3 00:00:10,800 --> 00:00:14,800 Speaker 1: ground without congressional approval and without a clear explanation of 4 00:00:14,840 --> 00:00:17,360 Speaker 1: what the mission is and what the endgame is. This 5 00:00:17,440 --> 00:00:21,080 Speaker 1: isn't really about the economic policy. This is about the coronavirus. 6 00:00:21,079 --> 00:00:26,120 Speaker 1: Bloomberg Sound On, Politics, Policy and perspective from DC's top name. 7 00:00:26,560 --> 00:00:29,680 Speaker 1: We must use every school possible to defeat the dessault 8 00:00:29,760 --> 00:00:32,800 Speaker 1: on women's reproductive rights. This is a steady growth that 9 00:00:32,840 --> 00:00:34,640 Speaker 1: we're seeing here in our economy. You know, over the 10 00:00:34,680 --> 00:00:39,319 Speaker 1: last three months Bloomberg Sound On with Joe Mathew on 11 00:00:39,520 --> 00:00:44,560 Speaker 1: Bloomberg Radio. It's like yesterday's show never ended. They still 12 00:00:44,600 --> 00:00:47,960 Speaker 1: have not voted on infrastructure in the US House, moderate 13 00:00:48,000 --> 00:00:52,440 Speaker 1: Democrats are still at odds with progressives, and now Joe 14 00:00:52,440 --> 00:00:55,040 Speaker 1: Biden appears to be grabbing the wheel, leaving the confines 15 00:00:55,080 --> 00:00:57,240 Speaker 1: of the White House this afternoon to meet with Democrats 16 00:00:57,240 --> 00:01:00,160 Speaker 1: on the other end of Pennsylvania Avenue, presiding over what 17 00:01:00,320 --> 00:01:02,760 Speaker 1: was the second Democratic caucus of the day in the U. 18 00:01:02,880 --> 00:01:04,440 Speaker 1: S House. We will bring you there live in a 19 00:01:04,480 --> 00:01:09,360 Speaker 1: moment with Bloomberg, Government reporter and politics contributor Emily Wilkins 20 00:01:09,400 --> 00:01:12,320 Speaker 1: hanging at the stakeout today, and we'll assemble a special 21 00:01:12,360 --> 00:01:15,880 Speaker 1: panel this Friday with Democratic strategist Roger Fisk from New 22 00:01:15,920 --> 00:01:20,440 Speaker 1: Day Strategy and Republican strategist Jennifer Kern's former spokesperson for 23 00:01:20,520 --> 00:01:23,800 Speaker 1: the California GOP. Later on, we'll talk with Bloomberg Politics 24 00:01:23,800 --> 00:01:28,280 Speaker 1: contributor Rick Davis along with Chuck Rocca, former senior adviser 25 00:01:28,360 --> 00:01:32,880 Speaker 1: for Bernie Sanders to presidential campaign. So brace for differing 26 00:01:32,920 --> 00:01:35,319 Speaker 1: points of view over the next hour, because we're gonna 27 00:01:35,319 --> 00:01:37,960 Speaker 1: get into it. Happy Friday. President Biden wrapped a quick 28 00:01:38,040 --> 00:01:40,479 Speaker 1: visit to Capitol Hill. It's already done short time ago 29 00:01:41,160 --> 00:01:50,760 Speaker 1: after meeting behind closed doors with the Democratic Caucus. We're 30 00:01:50,760 --> 00:01:53,880 Speaker 1: gonna get it done. We're gonna get it done, he said. 31 00:01:54,360 --> 00:01:57,160 Speaker 1: As reporters shout questions, He did not stop to speak 32 00:01:57,200 --> 00:01:59,160 Speaker 1: with them. They were camped out in the halls for 33 00:01:59,240 --> 00:02:03,680 Speaker 1: the balance of time he was in that meeting. Motorcade 34 00:02:03,920 --> 00:02:06,680 Speaker 1: then made its way back to the White House. It 35 00:02:06,800 --> 00:02:09,519 Speaker 1: is unclear exactly what was said in that meeting. The 36 00:02:09,680 --> 00:02:13,160 Speaker 1: reporters say he made brief, prepared remarks and took questions 37 00:02:13,160 --> 00:02:16,760 Speaker 1: from lawmakers. That's coming from sources. Reporters were not allowed 38 00:02:16,800 --> 00:02:20,120 Speaker 1: in the room. The big question remains, will the House 39 00:02:20,200 --> 00:02:24,880 Speaker 1: vote on infrastructure today? Is that sound familiar? Congressman HACKEM. 40 00:02:24,960 --> 00:02:27,519 Speaker 1: Jeffreys of New York, as chair of the House Democratic 41 00:02:27,560 --> 00:02:32,040 Speaker 1: Caucus today, I expect the pot today. I expect that 42 00:02:32,360 --> 00:02:36,520 Speaker 1: the bill will pass today. He says he expects the 43 00:02:36,560 --> 00:02:41,280 Speaker 1: bill will pass today. Then again, we heard similar comments 44 00:02:41,320 --> 00:02:46,200 Speaker 1: this time yesterday, and everyone hung around until after midnight 45 00:02:46,280 --> 00:02:49,200 Speaker 1: with no vote. White House Press Secretary Jen Saki was 46 00:02:49,240 --> 00:02:52,720 Speaker 1: asked today if they were close to something, if there 47 00:02:52,760 --> 00:02:54,680 Speaker 1: was a deal, you all would know there was a deal. 48 00:02:55,240 --> 00:02:57,919 Speaker 1: But that's exactly what we've been working toward and working 49 00:02:57,919 --> 00:03:03,360 Speaker 1: through over the past several days. So let's make a deal. 50 00:03:07,360 --> 00:03:09,440 Speaker 1: Even though no one seems to know how to win 51 00:03:09,560 --> 00:03:12,760 Speaker 1: this game. The good thing, the band is still here, 52 00:03:13,720 --> 00:03:18,480 Speaker 1: and Emily is too. Bloomberg Government's Emily Wilkins a regular 53 00:03:18,520 --> 00:03:21,360 Speaker 1: on this broadcast, not with us in studio, because she's 54 00:03:21,360 --> 00:03:23,320 Speaker 1: still on the hill and I'm thinking Emily has been 55 00:03:23,400 --> 00:03:26,440 Speaker 1: up there for about what thirty five hours now. Emily Wilkins, 56 00:03:26,440 --> 00:03:29,120 Speaker 1: you clearly have not slept, because I saw you on 57 00:03:29,200 --> 00:03:31,560 Speaker 1: TV in the wee hours this morning, and I'm not 58 00:03:31,560 --> 00:03:34,040 Speaker 1: sure your Twitter feed has ever slowed down. So, first 59 00:03:34,120 --> 00:03:36,400 Speaker 1: of all, thanks for all the work and the great reporting, Emily, 60 00:03:36,480 --> 00:03:41,680 Speaker 1: Is there gonna be a vote tonight? No? Okay? And 61 00:03:41,680 --> 00:03:43,760 Speaker 1: and that and that was something that was made very 62 00:03:43,800 --> 00:03:48,720 Speaker 1: clear but multiple longmakers and they exited the meeting. The 63 00:03:48,840 --> 00:03:52,320 Speaker 1: message from President Biden was that this will get done, 64 00:03:52,560 --> 00:03:55,160 Speaker 1: and by this I mean the infrastructure package as well 65 00:03:55,200 --> 00:03:59,600 Speaker 1: as that social spending and tax package. But it doesn't 66 00:03:59,720 --> 00:04:04,000 Speaker 1: matter when it gets done. It simply matters it gets done. 67 00:04:04,400 --> 00:04:08,120 Speaker 1: So that meeting with an entire Democratic caucus is broken up. 68 00:04:08,400 --> 00:04:10,960 Speaker 1: We're no seeing the leadership team go ahead and meet 69 00:04:11,000 --> 00:04:14,160 Speaker 1: and as progressive meeting. And that's the way. It's a 70 00:04:14,200 --> 00:04:16,839 Speaker 1: big win for progressive They wanted to make sure that 71 00:04:17,000 --> 00:04:20,760 Speaker 1: the social spending reconciliation package got done first. They're getting that. 72 00:04:21,160 --> 00:04:23,240 Speaker 1: But it's also a bit of a win for for 73 00:04:23,400 --> 00:04:26,479 Speaker 1: moderates who have been saying that this price tag, it 74 00:04:26,560 --> 00:04:28,919 Speaker 1: can't be three point five trillion, and it needs to 75 00:04:28,960 --> 00:04:31,680 Speaker 1: be less. And that is what Democrats have walked out 76 00:04:31,680 --> 00:04:34,440 Speaker 1: of that meeting with President Fine and understanding. I spoke 77 00:04:34,480 --> 00:04:37,200 Speaker 1: with numerous lawmakers who said they're going to have to 78 00:04:37,200 --> 00:04:40,120 Speaker 1: find a way to shrink that three point five trillion 79 00:04:40,160 --> 00:04:42,839 Speaker 1: dollar price tags. We're not clear at this point how 80 00:04:42,880 --> 00:04:44,880 Speaker 1: low it's going to go on more or where it's 81 00:04:44,880 --> 00:04:48,839 Speaker 1: going to land us. Something that that negotiations will figure 82 00:04:48,880 --> 00:04:51,240 Speaker 1: out in the next few weeks. Emily, thank you. I 83 00:04:51,240 --> 00:04:52,640 Speaker 1: wish we had a better for We gotta get a 84 00:04:52,640 --> 00:04:55,799 Speaker 1: new cell phone tower on Capitol Hill, just for Emily's phone. 85 00:04:56,720 --> 00:04:58,320 Speaker 1: Thanks for the great work. Emily. By the way, if 86 00:04:58,320 --> 00:05:00,719 Speaker 1: you're not following Emily Wilkins on Twitter, you're missing a lot. 87 00:05:02,279 --> 00:05:04,359 Speaker 1: But that's news e right there. Emily is talking to 88 00:05:04,400 --> 00:05:05,919 Speaker 1: these members as they come out of the meeting, and 89 00:05:05,960 --> 00:05:08,520 Speaker 1: she said, under no uncertain terms, and Emily doesn't fool 90 00:05:08,520 --> 00:05:12,159 Speaker 1: around with speculation, there will be no vote tonight. So 91 00:05:12,279 --> 00:05:16,599 Speaker 1: do we hear from the leadership again after midnight? Where 92 00:05:16,600 --> 00:05:20,400 Speaker 1: can people get home? I did hear report the Capital 93 00:05:20,640 --> 00:05:23,160 Speaker 1: cell tour is in the infrastructure package. Maybe that's why 94 00:05:23,200 --> 00:05:27,320 Speaker 1: it's not working. Let's assemble the panel. Democratic strategist Roger 95 00:05:27,400 --> 00:05:30,160 Speaker 1: Fisk is with US today principle at New Day Strategy 96 00:05:30,200 --> 00:05:33,960 Speaker 1: along this hour with Republican strategist Jennifer Kurrn's former spokesperson 97 00:05:34,000 --> 00:05:36,960 Speaker 1: for the California GOP. Welcome to you both, your both 98 00:05:37,040 --> 00:05:39,720 Speaker 1: contestants on let's make a deal here, because well you're 99 00:05:39,720 --> 00:05:42,400 Speaker 1: too smart to be contestants. But Roger, I want to 100 00:05:42,440 --> 00:05:44,440 Speaker 1: start with you here as a veteran of the Obama 101 00:05:44,440 --> 00:05:47,200 Speaker 1: Biden administration, and I assume you still have scars from 102 00:05:47,240 --> 00:05:50,360 Speaker 1: the Obamacare debate. Are Democrats close to a deal here 103 00:05:50,480 --> 00:05:54,960 Speaker 1: or are we getting further away? First off, Joe, thanks 104 00:05:54,960 --> 00:05:56,800 Speaker 1: so much for having me, and it's lovely to be 105 00:05:56,839 --> 00:06:00,520 Speaker 1: on with Jen. I think we're very, very close. And 106 00:06:00,960 --> 00:06:04,000 Speaker 1: UM and Emily's reporting a spot on I agree with 107 00:06:04,040 --> 00:06:05,640 Speaker 1: her that there's not going to be a vote tonight. 108 00:06:05,720 --> 00:06:10,719 Speaker 1: You know, Speaker Pelosi and UM, both Senator Schumer and McConnell, 109 00:06:11,120 --> 00:06:14,799 Speaker 1: UH don't necessarily share all that much, especially between Pelosi 110 00:06:14,839 --> 00:06:16,960 Speaker 1: and McConnell, but one thing that they do shares they 111 00:06:17,000 --> 00:06:19,040 Speaker 1: will not bring something out to the floor until they 112 00:06:19,040 --> 00:06:21,880 Speaker 1: know exactly what's going to happen with it. So that 113 00:06:22,120 --> 00:06:25,919 Speaker 1: tells me that probably President Biden and the administration folks 114 00:06:25,920 --> 00:06:27,839 Speaker 1: are going to continue to weigh in over the weekend. 115 00:06:28,120 --> 00:06:32,520 Speaker 1: I think ultimately you're gonna get to maybe getting mansion 116 00:06:32,640 --> 00:06:34,800 Speaker 1: up to like a one point seven kind of neck 117 00:06:34,839 --> 00:06:37,720 Speaker 1: of the woods you reference. Uh, you know my time 118 00:06:37,720 --> 00:06:40,560 Speaker 1: in the Obama administration when he did the Economic Stimulus, 119 00:06:40,560 --> 00:06:43,480 Speaker 1: the American Recovery Act. You know, the one trillion dollar 120 00:06:43,920 --> 00:06:48,320 Speaker 1: threshold was sacrosanc. No one wanted to puncture that. And 121 00:06:48,360 --> 00:06:51,320 Speaker 1: the fact that we're talking about one and a half uh, 122 00:06:51,320 --> 00:06:53,200 Speaker 1: and that mansion is willing to meet them, there is 123 00:06:53,240 --> 00:06:55,240 Speaker 1: already a win. Now, it just has to be kind 124 00:06:55,240 --> 00:06:59,440 Speaker 1: of sewed up. Well, I'll tell you what Jen Saki 125 00:06:59,600 --> 00:07:03,880 Speaker 1: has been saying on a daily basis, deadlines bring deals. 126 00:07:04,200 --> 00:07:06,520 Speaker 1: I just wonder, is you bring yourself back to that 127 00:07:06,600 --> 00:07:11,280 Speaker 1: debate in two thousand and eight, two thousand nine, Roger Fisk? 128 00:07:12,000 --> 00:07:14,040 Speaker 1: Is that true? Are we on the verge of something? 129 00:07:14,160 --> 00:07:17,960 Speaker 1: Or is this getting messier as we get further on 130 00:07:18,000 --> 00:07:21,200 Speaker 1: the debate. Well, it's when you're right in the middle 131 00:07:21,240 --> 00:07:24,080 Speaker 1: of it, it always seems messy, right, because you're analyzing 132 00:07:24,080 --> 00:07:26,480 Speaker 1: again on an hour by hour, day by day basis. 133 00:07:26,760 --> 00:07:30,200 Speaker 1: President Obama kicked off the Obamacare campaign by going up 134 00:07:30,200 --> 00:07:32,880 Speaker 1: to the House GOP retreat to meet for three and 135 00:07:32,920 --> 00:07:36,720 Speaker 1: a half hours without staff and without notes and without cameras. 136 00:07:36,720 --> 00:07:38,520 Speaker 1: That's that was the beginning of it. And then I 137 00:07:38,840 --> 00:07:42,040 Speaker 1: think it stretched for almost ten months, which is almost 138 00:07:42,080 --> 00:07:44,560 Speaker 1: kind of where we are if you if this were 139 00:07:44,600 --> 00:07:47,320 Speaker 1: to play out for another month or two, so, but 140 00:07:47,440 --> 00:07:50,560 Speaker 1: then in in the in the larger historical context, right, 141 00:07:50,680 --> 00:07:55,680 Speaker 1: nine or ten months is basically a nanosecond um played out, 142 00:07:55,720 --> 00:07:58,400 Speaker 1: you know, over over many, many years. So I think 143 00:07:58,440 --> 00:08:01,000 Speaker 1: this has actually moved along quite quick. I think the 144 00:08:01,040 --> 00:08:03,400 Speaker 1: one face that the one component that really needs to 145 00:08:03,440 --> 00:08:07,119 Speaker 1: come into focus now is what is Cinema's price type? 146 00:08:07,120 --> 00:08:10,679 Speaker 1: Because Mansion is Senator Mansion has been pretty transparent about 147 00:08:10,680 --> 00:08:14,040 Speaker 1: where he's at in terms of numbers, and Senator Cinema 148 00:08:14,080 --> 00:08:16,200 Speaker 1: strikes me as a little bit more opaques that needs 149 00:08:16,240 --> 00:08:19,400 Speaker 1: to get clarified in short order. And apparently of Cinema 150 00:08:19,440 --> 00:08:22,720 Speaker 1: went home back in Arizona. Uh so not still in 151 00:08:22,800 --> 00:08:25,040 Speaker 1: town for the weekend party here, although, as Hockey and 152 00:08:25,080 --> 00:08:28,040 Speaker 1: Jeffreys said earlier, if it's not the year eighteen hundred, 153 00:08:28,080 --> 00:08:30,560 Speaker 1: we actually can make a phone call. Uh, let's bring 154 00:08:30,560 --> 00:08:32,400 Speaker 1: in Jennifer Kern's It's great to have you with us. 155 00:08:32,440 --> 00:08:36,640 Speaker 1: Jen Gop strategist, former spokeswoman for the California Republican Party. 156 00:08:36,720 --> 00:08:39,720 Speaker 1: Is this music to Republicans ears watching this unfold right now, 157 00:08:41,040 --> 00:08:45,160 Speaker 1: well so far. But I do think that my former 158 00:08:45,240 --> 00:08:49,640 Speaker 1: fellow Californian H. Nancy Pelosi is quite a shrewd operator 159 00:08:50,160 --> 00:08:52,720 Speaker 1: and quite a good negotiator. I think she's going to 160 00:08:52,760 --> 00:08:57,440 Speaker 1: be leaning very uh heavily on Joe Mansion, doing her 161 00:08:57,559 --> 00:09:01,280 Speaker 1: diplomacy as she does quite well over the next several days. 162 00:09:01,280 --> 00:09:05,240 Speaker 1: But it is interesting that Kevin McCarthy's prediction yesterday that 163 00:09:05,320 --> 00:09:09,640 Speaker 1: they would ultimately go the route of reconciliation, which would 164 00:09:09,679 --> 00:09:12,880 Speaker 1: only require they have a fifty votes of approval in 165 00:09:12,960 --> 00:09:16,560 Speaker 1: the Senate, uh, does look like that's going to happen. However, 166 00:09:16,600 --> 00:09:18,679 Speaker 1: I do think it's going to take a few weeks. 167 00:09:18,760 --> 00:09:20,959 Speaker 1: Here's what I think is really the top headline of 168 00:09:21,000 --> 00:09:24,800 Speaker 1: all of this. Um it shows how powerful the progressive 169 00:09:24,800 --> 00:09:28,160 Speaker 1: wing of the Democratic Party is today when you see 170 00:09:28,520 --> 00:09:31,199 Speaker 1: them make comments like they did today that three point 171 00:09:31,280 --> 00:09:36,240 Speaker 1: five trillion was actually a compromise, They actually wanted more 172 00:09:36,280 --> 00:09:39,079 Speaker 1: than that. So the fact that we're we're even discussing 173 00:09:39,120 --> 00:09:42,319 Speaker 1: a number that is a large is significant. And as 174 00:09:42,400 --> 00:09:44,679 Speaker 1: Roger alluded to there, I mean, you compare this to 175 00:09:44,800 --> 00:09:50,400 Speaker 1: the two thousand nine UH Obama American Recovery and Investment 176 00:09:50,440 --> 00:09:53,720 Speaker 1: Active two thousand nine. Uh. That price tag was initially 177 00:09:53,760 --> 00:09:56,440 Speaker 1: around seven hundred billion. I think it ended up being 178 00:09:56,440 --> 00:10:00,560 Speaker 1: revised to about eight hundred thirty billions after a diret paths, 179 00:10:00,679 --> 00:10:04,400 Speaker 1: but that was considered boy, the thing to break all 180 00:10:04,440 --> 00:10:08,040 Speaker 1: piggy banks, and so this really pales by comparison. I'm 181 00:10:08,040 --> 00:10:10,000 Speaker 1: not sure they will get it down to one point 182 00:10:10,080 --> 00:10:13,960 Speaker 1: seven trillion. I think that it is wishful thinking on 183 00:10:14,000 --> 00:10:17,400 Speaker 1: the Republican part, but it certainly has to come off 184 00:10:17,440 --> 00:10:20,160 Speaker 1: of that three point five trillion dollars to even have 185 00:10:20,240 --> 00:10:23,920 Speaker 1: a snowball's chance in passing Roger. Our progressives in charge here, 186 00:10:24,000 --> 00:10:26,920 Speaker 1: we heard from the chair of the Progressive Caucus promote 187 00:10:26,920 --> 00:10:29,760 Speaker 1: a giant Paul a little earlier today. Here's what she said. 188 00:10:30,840 --> 00:10:33,120 Speaker 1: Let's do this right, hang on. I am open to 189 00:10:33,360 --> 00:10:37,000 Speaker 1: hearing what other options there are for that, but I 190 00:10:37,000 --> 00:10:41,440 Speaker 1: am very concerned about legislative language, holding things up, vote 191 00:10:41,480 --> 00:10:44,280 Speaker 1: a rama, changing the deal, and those are the things 192 00:10:44,360 --> 00:10:47,480 Speaker 1: that have to be addressed along with the content. Let's 193 00:10:47,520 --> 00:10:50,079 Speaker 1: push and pull this game of trust here. Roger has 194 00:10:50,080 --> 00:10:52,880 Speaker 1: been getting pretty tough. Everyone's dug in. Nobody wants to 195 00:10:52,960 --> 00:10:57,280 Speaker 1: budge or the progressives running the show. Well, no, I 196 00:10:57,280 --> 00:11:01,080 Speaker 1: mean they're defining what the outer limits of of their 197 00:11:01,160 --> 00:11:04,599 Speaker 1: agenda and their goals are. I mean, you've got to 198 00:11:04,640 --> 00:11:06,840 Speaker 1: think long and hard. To to Gen's point, you gotta 199 00:11:06,880 --> 00:11:08,760 Speaker 1: think long and hard before you get into a staring 200 00:11:08,760 --> 00:11:11,880 Speaker 1: contest with Nancy Pelosi, because there's not a long list 201 00:11:11,920 --> 00:11:13,840 Speaker 1: of people that have come out of that for the better. 202 00:11:14,080 --> 00:11:17,240 Speaker 1: That is what they're doing though, Right, Yeah, I would 203 00:11:17,240 --> 00:11:19,840 Speaker 1: say the administration and probably Pelosi in a lot of ways, 204 00:11:19,840 --> 00:11:22,400 Speaker 1: are saying that to the Progressive Caucus. Look at you guys, 205 00:11:22,440 --> 00:11:25,680 Speaker 1: are fighters? Right? That's your posture. You want to fight now? 206 00:11:25,800 --> 00:11:28,200 Speaker 1: You can go home and next summer and next ball 207 00:11:28,240 --> 00:11:30,319 Speaker 1: go to a series of ribbon cuttings that are putting 208 00:11:30,360 --> 00:11:33,439 Speaker 1: people back to work and continue to position yourself very 209 00:11:33,480 --> 00:11:37,160 Speaker 1: honestly and sincerely as fighters. Right, you can maintain your 210 00:11:37,200 --> 00:11:40,839 Speaker 1: brand and that's that's basically a win win, Right. Roger 211 00:11:40,880 --> 00:11:43,080 Speaker 1: and gent stay where you are, will bring the panel back. 212 00:11:43,160 --> 00:11:45,280 Speaker 1: Sound On has brought to you by Barish and McGary, 213 00:11:45,320 --> 00:11:47,880 Speaker 1: lawyers for the nine eleven community. For twenty years. They've 214 00:11:47,920 --> 00:11:49,800 Speaker 1: been fighting for those who continue to get sick from 215 00:11:49,800 --> 00:11:53,719 Speaker 1: the nine eleven toxins. Free healthcare compensation available visit nine 216 00:11:53,760 --> 00:11:59,960 Speaker 1: eleven Victims dot Com. This is Bloomberg. You're listening to Bloomberg. 217 00:12:00,040 --> 00:12:06,360 Speaker 1: You sound on with Joe Matthew on Bloombird Radio. Details 218 00:12:06,360 --> 00:12:09,559 Speaker 1: are trickling out of this afternoon's House Democratic Caucus meeting 219 00:12:09,559 --> 00:12:11,960 Speaker 1: with President Biden. He's made his way back to the 220 00:12:11,960 --> 00:12:15,640 Speaker 1: White House now and we expect some headlines here. We're 221 00:12:15,640 --> 00:12:19,319 Speaker 1: already seeing some on the terminal. Biden said spending package 222 00:12:19,400 --> 00:12:23,960 Speaker 1: top line won't be three point five trillion dollars, quoting 223 00:12:24,280 --> 00:12:28,719 Speaker 1: Representative Derek Kilmer on that one Democrat from Washington will 224 00:12:28,720 --> 00:12:30,440 Speaker 1: not be three point five And maybe that's not a 225 00:12:30,440 --> 00:12:32,840 Speaker 1: major surprise after what we were hearing all day yesterday 226 00:12:32,840 --> 00:12:37,360 Speaker 1: about Joe Mansion's top line of one point five. A 227 00:12:37,360 --> 00:12:41,000 Speaker 1: lot to talk about here with Chuck Rocha, founder of 228 00:12:41,160 --> 00:12:44,880 Speaker 1: nestro Pack, former senior adviser to Bernie Sanders for President, 229 00:12:45,200 --> 00:12:48,440 Speaker 1: to campaigns twenty and sixteen. Chuck, it's great to have 230 00:12:48,520 --> 00:12:50,439 Speaker 1: you with us here. Really interested in your point of 231 00:12:50,480 --> 00:12:53,120 Speaker 1: view as we keep hearing. I just heard earlier this hour, 232 00:12:53,160 --> 00:12:56,000 Speaker 1: and I've been hearing it all week, that progressives are 233 00:12:56,080 --> 00:12:59,000 Speaker 1: in charge of the agenda on Capitol Hill. Is that true? 234 00:13:00,440 --> 00:13:02,199 Speaker 1: I think they're in charge of a big part of it. 235 00:13:02,280 --> 00:13:05,040 Speaker 1: I don't think they've got near the attention that the 236 00:13:05,160 --> 00:13:08,600 Speaker 1: two Democratic senators over in the Senate have got. I 237 00:13:08,640 --> 00:13:11,720 Speaker 1: still feel like they probably have more control over the process, 238 00:13:11,720 --> 00:13:15,200 Speaker 1: but I think it's a good mix. Okay, with that 239 00:13:15,320 --> 00:13:20,559 Speaker 1: said Bernie Sanders telling his progressive colleagues last night to 240 00:13:20,640 --> 00:13:24,720 Speaker 1: vote against the bipartisan infrastructure bill. Do they do that? 241 00:13:24,760 --> 00:13:27,000 Speaker 1: Do they vote against it if it comes up before 242 00:13:27,120 --> 00:13:29,800 Speaker 1: reconciliation is done? Or has this just gone too far 243 00:13:29,880 --> 00:13:33,760 Speaker 1: this standoff? I think that from what I know about 244 00:13:34,160 --> 00:13:37,320 Speaker 1: Speaker Pelosi, she's not going to bring something to the floor. Hence, 245 00:13:37,360 --> 00:13:39,680 Speaker 1: while we have this waiting game that won't pass. I 246 00:13:39,720 --> 00:13:42,679 Speaker 1: think the Progresses in Congress are trying to get as 247 00:13:42,720 --> 00:13:45,200 Speaker 1: big a bill as they can to rescue the American 248 00:13:45,240 --> 00:13:47,040 Speaker 1: people and try to get, you know, something that they 249 00:13:47,080 --> 00:13:50,079 Speaker 1: believe will be a big help. But as a as 250 00:13:50,120 --> 00:13:52,480 Speaker 1: a political consultant and somebody who worked on over a 251 00:13:52,559 --> 00:13:55,840 Speaker 1: hundred campaigns last year, including Bernie's, I'll tell you that 252 00:13:55,880 --> 00:13:59,880 Speaker 1: Democrats have that's h a v E have to get 253 00:14:00,040 --> 00:14:03,480 Speaker 1: something done because of what the wins that are against 254 00:14:03,520 --> 00:14:06,280 Speaker 1: us moving into the off your election. If they if 255 00:14:06,320 --> 00:14:09,280 Speaker 1: we fumble the ball here, my team, my squad, it's 256 00:14:09,320 --> 00:14:12,920 Speaker 1: going to have reciprocal effects for the next year and 257 00:14:13,000 --> 00:14:15,920 Speaker 1: a couple of months with the Democrats and Senate and 258 00:14:16,000 --> 00:14:18,960 Speaker 1: losing both houses. Well, do you believe Progressives then, when 259 00:14:19,000 --> 00:14:22,360 Speaker 1: they say that they'd rather sink this whole deal than 260 00:14:22,440 --> 00:14:24,360 Speaker 1: do it the wrong way, do you really believe they'd 261 00:14:24,360 --> 00:14:26,800 Speaker 1: take zero instead of one point five trillion when it 262 00:14:26,800 --> 00:14:30,240 Speaker 1: comes to reconciliation. Look, I've been a yellow dog Democrat 263 00:14:30,280 --> 00:14:31,960 Speaker 1: in my entire life and going back to being a 264 00:14:31,960 --> 00:14:34,440 Speaker 1: precinct chairman when I was twenty years old in these Texas. 265 00:14:34,560 --> 00:14:36,360 Speaker 1: You know that from my accent. I will tell you 266 00:14:36,400 --> 00:14:37,800 Speaker 1: that there's a lot of folks in our party, and 267 00:14:37,840 --> 00:14:40,600 Speaker 1: folks that are in AOC district in New York are 268 00:14:40,680 --> 00:14:42,920 Speaker 1: much different than a district in the Valley. And so 269 00:14:43,040 --> 00:14:45,680 Speaker 1: that's a beautiful thing about our party. And I think 270 00:14:45,760 --> 00:14:47,600 Speaker 1: at the end of the day, we do all come 271 00:14:47,640 --> 00:14:50,360 Speaker 1: together to get something done. But the Progressive and I 272 00:14:50,360 --> 00:14:52,680 Speaker 1: give them full credit, are trying to get as much 273 00:14:52,720 --> 00:14:54,440 Speaker 1: as we can in a once in a lifetime thing 274 00:14:54,760 --> 00:14:59,120 Speaker 1: for this this is important for the President's agenda. All 275 00:14:59,160 --> 00:15:02,720 Speaker 1: that said, let's say you get the full package and reconciliation. 276 00:15:02,760 --> 00:15:05,040 Speaker 1: Now moderates say that they don't want to go along 277 00:15:05,080 --> 00:15:08,040 Speaker 1: with it because it's too expensive, whether that's Joe Mansion 278 00:15:08,480 --> 00:15:11,640 Speaker 1: or somebody else. Is it worth pushing it to that level, 279 00:15:11,680 --> 00:15:13,960 Speaker 1: or are we actually going to see some compromise here 280 00:15:13,960 --> 00:15:16,320 Speaker 1: on both sides. So I think that's the point I 281 00:15:16,360 --> 00:15:18,240 Speaker 1: was trying to make by saying we'll get something done. 282 00:15:18,240 --> 00:15:20,280 Speaker 1: I think at the end of the day that there 283 00:15:20,280 --> 00:15:22,600 Speaker 1: will be something in between the two, something that will 284 00:15:22,640 --> 00:15:25,600 Speaker 1: make Joe Mansion all the way happy but somewhat happy, 285 00:15:25,600 --> 00:15:27,680 Speaker 1: and the same thing that will make progressives happy, but 286 00:15:27,920 --> 00:15:29,640 Speaker 1: both would have been happier if they had got all 287 00:15:29,680 --> 00:15:31,800 Speaker 1: that they want. I don't get a sense you're terribly 288 00:15:31,800 --> 00:15:34,840 Speaker 1: happy with kirston Cinema. I see that you're You're part 289 00:15:34,840 --> 00:15:39,320 Speaker 1: of an effort to draft a candidate to primary Kirston 290 00:15:39,400 --> 00:15:43,240 Speaker 1: Cinema in Joe. I'm going to tell you this is 291 00:15:43,320 --> 00:15:46,240 Speaker 1: very personal for me. I spent over three million dollars 292 00:15:46,240 --> 00:15:49,560 Speaker 1: of people's money in Arizona to maximize the Latino vote 293 00:15:49,560 --> 00:15:52,720 Speaker 1: in Arizona to elect Joe Bite. I didn't do that 294 00:15:52,840 --> 00:15:55,680 Speaker 1: so Kirston Cinema could stand in the way of policies 295 00:15:56,000 --> 00:15:59,600 Speaker 1: and things that would help millions of Latino families in Arizona. 296 00:15:59,760 --> 00:16:01,560 Speaker 1: You know, we gave her the benefit of the doubt 297 00:16:01,560 --> 00:16:04,440 Speaker 1: for the first ten months here rocking along. So we 298 00:16:04,560 --> 00:16:06,520 Speaker 1: know that because of what she's done, it's going to 299 00:16:06,600 --> 00:16:08,400 Speaker 1: be hard for her to win re election. And New 300 00:16:08,400 --> 00:16:10,960 Speaker 1: West roll Pack's goal is to get more Latinos in 301 00:16:11,080 --> 00:16:13,880 Speaker 1: Congress and in the Senate. And we think that Congressman 302 00:16:13,960 --> 00:16:17,400 Speaker 1: Ruben Diego, a Marine combat veteran, would be a much 303 00:16:17,480 --> 00:16:21,480 Speaker 1: better candidate in general election. So you already have a candidate. 304 00:16:21,720 --> 00:16:25,640 Speaker 1: Should there be a primary against Joe Mansion in West Virginia, Well, 305 00:16:25,640 --> 00:16:28,040 Speaker 1: me and you both know Joe that West Virginia is 306 00:16:28,040 --> 00:16:31,200 Speaker 1: a lot different than it is. You have as an 307 00:16:31,240 --> 00:16:32,880 Speaker 1: old boy from East Texas who spent a lot of 308 00:16:32,960 --> 00:16:35,440 Speaker 1: times in the steel mills in West Virginia. Donald Trump 309 00:16:35,520 --> 00:16:39,040 Speaker 1: got almost sev the vote in West Virginia, but Joe 310 00:16:39,080 --> 00:16:42,320 Speaker 1: Biden won Arizona. Hence, while we will start with Arizona 311 00:16:42,480 --> 00:16:45,120 Speaker 1: and deal with West Virginia as it comes, we're gonna 312 00:16:45,120 --> 00:16:47,080 Speaker 1: be talking to Rick Davis in a little bit here, 313 00:16:47,080 --> 00:16:50,560 Speaker 1: of course, longtime adviser to former Senator John McCain. Arizona 314 00:16:51,080 --> 00:16:54,760 Speaker 1: definitely has a bright red stripe through it. Still, you 315 00:16:54,880 --> 00:16:58,520 Speaker 1: think that your candidate can beat Cinema in a primary, 316 00:16:58,520 --> 00:17:00,160 Speaker 1: and is that the best thing for Arizona on it? 317 00:17:01,480 --> 00:17:03,720 Speaker 1: I do. I think that Latinos now make up over 318 00:17:03,840 --> 00:17:06,159 Speaker 1: thirty percent of the population there, And when as a 319 00:17:06,160 --> 00:17:09,000 Speaker 1: political consultant, you're trying to think of folks, to your point, 320 00:17:09,280 --> 00:17:12,520 Speaker 1: who can bring people in who are what i'd call 321 00:17:12,640 --> 00:17:17,400 Speaker 1: common sense Republicans, probably fiscally conservative, a little more socially liberal. 322 00:17:17,560 --> 00:17:19,000 Speaker 1: Who will bring them in, Well, you know what they're 323 00:17:19,080 --> 00:17:22,760 Speaker 1: drawn to. They're drawn to somebody who served their country overseas, 324 00:17:22,840 --> 00:17:25,439 Speaker 1: and they are apt to support somebody who was in 325 00:17:25,440 --> 00:17:29,560 Speaker 1: the military, like McCain. I understand running a veteran, a 326 00:17:29,640 --> 00:17:33,640 Speaker 1: Latino veteran, a Latino veteran that stood on a table 327 00:17:33,840 --> 00:17:36,399 Speaker 1: in the middle of an insurrection in d C and 328 00:17:36,440 --> 00:17:38,560 Speaker 1: was showing other members how to put on a gas mask. 329 00:17:38,680 --> 00:17:41,879 Speaker 1: That's the leadership we're looking for in Arizona. Chuck Rocha 330 00:17:41,960 --> 00:17:44,880 Speaker 1: with us here on Bloomberg Sound On in our remaining 331 00:17:45,040 --> 00:17:47,760 Speaker 1: a minute together here, Chuck, tell me what's going to happen? 332 00:17:47,800 --> 00:17:50,080 Speaker 1: Do you need another week? What a progressives need to 333 00:17:50,200 --> 00:17:53,280 Speaker 1: get on the same page here with this White House 334 00:17:53,320 --> 00:17:56,280 Speaker 1: with democratic leadership, as they say, and we keep hearing 335 00:17:56,320 --> 00:18:00,119 Speaker 1: this line time kills deals. I will tell you you, though, 336 00:18:00,160 --> 00:18:02,040 Speaker 1: I'm sitting here in my house from Capitol Hill, and 337 00:18:02,040 --> 00:18:03,840 Speaker 1: I'll tell you the longer we wait, the worst is 338 00:18:03,840 --> 00:18:05,439 Speaker 1: going to get for all of us. I think what 339 00:18:05,520 --> 00:18:07,720 Speaker 1: I had heard from Progresses that they wanted to see 340 00:18:07,760 --> 00:18:10,520 Speaker 1: the president put his shoulder against the will a little bit, 341 00:18:10,720 --> 00:18:12,840 Speaker 1: and I think him coming to Capitol Hill. I think 342 00:18:12,880 --> 00:18:15,200 Speaker 1: that's why he came to Capitol Hill was to show 343 00:18:15,240 --> 00:18:17,400 Speaker 1: those progresses in a closed door meeting where they took 344 00:18:17,400 --> 00:18:19,560 Speaker 1: your cell phone before you went in, to have kind 345 00:18:19,600 --> 00:18:22,040 Speaker 1: of an old school, let's get down to business kind 346 00:18:22,080 --> 00:18:24,000 Speaker 1: of meeting. And said, look, I'm with you. I'm gonna 347 00:18:24,040 --> 00:18:25,760 Speaker 1: make some phone calls because that's what they were really 348 00:18:25,760 --> 00:18:27,879 Speaker 1: looking for, as him to lean in with them. I 349 00:18:27,880 --> 00:18:31,399 Speaker 1: appreciate your insights today, Chuck Rocha with us on Bloomberg 350 00:18:31,480 --> 00:18:34,919 Speaker 1: Sound On. He's right. They put special copies outside the 351 00:18:35,000 --> 00:18:38,479 Speaker 1: Caucus meeting today so members could check their phones just 352 00:18:38,560 --> 00:18:41,800 Speaker 1: like your high school student does. Too many leaks coming 353 00:18:41,840 --> 00:18:44,960 Speaker 1: out of those meetings. Rick Davis up next. This is 354 00:18:44,960 --> 00:18:52,840 Speaker 1: Bloomberg Broadcasting Live from our nation's Capitol, Bloomberg to New York, 355 00:18:52,920 --> 00:18:57,120 Speaker 1: Bloomberg eleven, Frio to Boston, Bloomberg one O six one 356 00:18:57,240 --> 00:19:01,480 Speaker 1: to San Francisco, Bloomberg nine sixty to the Country Serious 357 00:19:01,640 --> 00:19:04,360 Speaker 1: x M General one nine team, and around the globe 358 00:19:04,400 --> 00:19:08,280 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This 359 00:19:08,680 --> 00:19:13,399 Speaker 1: is Bloomberg Sound On with Joe Matthew. Thanks for spending 360 00:19:13,400 --> 00:19:15,359 Speaker 1: part of your Friday with us, and we've got news 361 00:19:15,400 --> 00:19:18,640 Speaker 1: from Capitol Hill as read on the Terminal. Biden says 362 00:19:18,720 --> 00:19:22,520 Speaker 1: social spending bill to be slimmed down in his meeting 363 00:19:22,560 --> 00:19:27,879 Speaker 1: with congressional Democrats. Just happened this afternoon. President told lawmakers 364 00:19:27,920 --> 00:19:31,359 Speaker 1: the so called reconciliation bill that spans higher taxes wrapped 365 00:19:31,440 --> 00:19:33,760 Speaker 1: up social spending will need to come in below the 366 00:19:33,800 --> 00:19:37,680 Speaker 1: initial outline a three point five trillion dollars. That may 367 00:19:37,680 --> 00:19:40,000 Speaker 1: not be a surprise after what we heard yesterday from 368 00:19:40,080 --> 00:19:43,600 Speaker 1: Joe Mansion and what we have been hearing consistently from 369 00:19:43,720 --> 00:19:46,879 Speaker 1: moderate Democrats. We're gonna talk about it next with Bloomberg 370 00:19:46,880 --> 00:19:49,879 Speaker 1: Politics contributor Rick Davis, who has been in back rooms 371 00:19:49,920 --> 00:19:52,560 Speaker 1: for a lot of deals that may or may not 372 00:19:52,720 --> 00:19:55,040 Speaker 1: lead to legislation. On Capitol Hill and he'll be here 373 00:19:55,080 --> 00:19:58,560 Speaker 1: straight ahead. Welcome to sound on for Friday. As Joe 374 00:19:58,600 --> 00:20:02,560 Speaker 1: Biden notes, he had spent a hundred hours with moderate 375 00:20:02,600 --> 00:20:06,760 Speaker 1: Democratic senators Joe Mansion and Kirsten Cinema in an effort 376 00:20:06,800 --> 00:20:10,080 Speaker 1: to reach agreement on the social spending bill. Rick Davis 377 00:20:10,119 --> 00:20:12,720 Speaker 1: is with us Bloomberg Politics contributor. You imagine Rick a 378 00:20:12,920 --> 00:20:15,760 Speaker 1: hundred hours with these two senators and we still don't 379 00:20:15,760 --> 00:20:19,760 Speaker 1: have a deal. Well, yeah, I don't understand this administration's 380 00:20:19,920 --> 00:20:23,119 Speaker 1: obsession with like the details of what they have to 381 00:20:23,160 --> 00:20:25,480 Speaker 1: go through to get a deal. I mean, who would 382 00:20:25,520 --> 00:20:28,159 Speaker 1: even keep track of how many hours that they spent together? 383 00:20:28,440 --> 00:20:30,520 Speaker 1: And by the way, a hundred hours and you still 384 00:20:30,600 --> 00:20:32,679 Speaker 1: don't have a deal. What does that mean? Yeah, that 385 00:20:32,760 --> 00:20:36,240 Speaker 1: kind of jumped off the page to me. Jen Psaki mentioning, 386 00:20:36,240 --> 00:20:39,760 Speaker 1: I believe three hundreds something meetings earlier, they are keeping 387 00:20:39,800 --> 00:20:42,240 Speaker 1: count on this stuff. Although she was asked if there's 388 00:20:42,240 --> 00:20:44,919 Speaker 1: a white board somewhere around the Oval office and no, 389 00:20:45,920 --> 00:20:48,480 Speaker 1: she says, there is not. But you saw the shuttling 390 00:20:48,600 --> 00:20:51,600 Speaker 1: last night. Rick, You've got you've got Susan Rice. I mean, 391 00:20:51,600 --> 00:20:55,120 Speaker 1: the big guns are out. Brian Deese, Uh, Steve Rischetti 392 00:20:55,160 --> 00:20:58,919 Speaker 1: and others shuttling between the Speaker's office and lawmakers like 393 00:20:59,040 --> 00:21:02,560 Speaker 1: Joe Mansion. You've been there on nights like that. It 394 00:21:02,640 --> 00:21:05,240 Speaker 1: went past midnight and still nothing to show for it. 395 00:21:05,280 --> 00:21:08,119 Speaker 1: Do you think they'll be a vote tonight. No. I 396 00:21:08,160 --> 00:21:10,360 Speaker 1: think that they gave it their best shot last night. 397 00:21:10,880 --> 00:21:14,240 Speaker 1: It was pretty clear that they thought they could get 398 00:21:14,240 --> 00:21:16,639 Speaker 1: a win last night. Right. All that activity you just 399 00:21:16,720 --> 00:21:20,240 Speaker 1: described is predicated on a positive outcome. You wouldn't ever 400 00:21:20,320 --> 00:21:23,199 Speaker 1: do that if you'd already come to the understanding that 401 00:21:23,240 --> 00:21:25,960 Speaker 1: you didn't have the votes for this. And so obviously 402 00:21:26,000 --> 00:21:30,160 Speaker 1: a lot of pressure on the progressive wing. Um they 403 00:21:30,200 --> 00:21:32,520 Speaker 1: held firm. They've got, you know, twenty four votes that 404 00:21:32,560 --> 00:21:35,280 Speaker 1: are going to keep that bill from coming to uh 405 00:21:35,359 --> 00:21:38,359 Speaker 1: fruition until they get what they want. And uh and 406 00:21:38,400 --> 00:21:41,480 Speaker 1: it can't be overcome with Republicans. So uh Pelosi had 407 00:21:41,520 --> 00:21:43,920 Speaker 1: I think, been able to count on about a dozen Republicans, 408 00:21:44,240 --> 00:21:46,439 Speaker 1: not enough to make up the difference. And and so 409 00:21:46,520 --> 00:21:49,720 Speaker 1: all these staff of the president and people who had 410 00:21:49,760 --> 00:21:52,399 Speaker 1: relationships up on the hill they've helped elect these people 411 00:21:53,119 --> 00:21:56,199 Speaker 1: to Congress obviously weren't able to twist enough arms to 412 00:21:56,240 --> 00:21:58,600 Speaker 1: get enough of those progressives to be willing to break 413 00:21:58,960 --> 00:22:02,280 Speaker 1: their caucus and Uh, and it was a big disappointment, 414 00:22:02,280 --> 00:22:06,600 Speaker 1: I'm sure for Joe Biden, who desperately needs some good news, 415 00:22:07,000 --> 00:22:09,320 Speaker 1: and they put so much heat on it that it 416 00:22:09,400 --> 00:22:12,080 Speaker 1: actually resulted in a really bad day to day. The 417 00:22:12,080 --> 00:22:14,960 Speaker 1: press has been horrible and so rather than getting a win, 418 00:22:15,119 --> 00:22:18,199 Speaker 1: he actually got the opposite. Boy, Well, I'd love to 419 00:22:18,200 --> 00:22:20,119 Speaker 1: talk to somebody who was in that room. What was 420 00:22:20,160 --> 00:22:22,920 Speaker 1: the point of the meeting then, as the President stick 421 00:22:23,000 --> 00:22:24,960 Speaker 1: his neck out when they're not close to a deal, 422 00:22:25,000 --> 00:22:27,280 Speaker 1: because that was the narrative, right, You'll know they're close 423 00:22:27,720 --> 00:22:29,960 Speaker 1: when Biden leaves the White House and goes up to 424 00:22:30,000 --> 00:22:32,440 Speaker 1: Capitol Hill. Well, he's come and gone. We still have nothing. 425 00:22:32,480 --> 00:22:35,320 Speaker 1: Rick David's Yeah, I'm highly confident that the construct was 426 00:22:35,560 --> 00:22:38,760 Speaker 1: they're dead without him going to the Hill, right they 427 00:22:38,960 --> 00:22:42,600 Speaker 1: You saw that the moderates in the in the Senate 428 00:22:42,800 --> 00:22:47,120 Speaker 1: Mansion and Cinema dug in hard last night. Uh, there 429 00:22:47,200 --> 00:22:51,280 Speaker 1: was a lot of really negative comments between Democrats on 430 00:22:51,320 --> 00:22:53,879 Speaker 1: each other. I mean, the progressive we're out there beating 431 00:22:53,960 --> 00:22:57,280 Speaker 1: up on Mansion directly by name. Um, you know, the 432 00:22:57,440 --> 00:23:00,359 Speaker 1: blue dogs were beating up on the progressives by name. 433 00:23:00,520 --> 00:23:03,880 Speaker 1: I mean, you know, without Biden going up there today 434 00:23:04,320 --> 00:23:08,320 Speaker 1: and basically trying to reset everything, he had a disaster 435 00:23:08,480 --> 00:23:11,080 Speaker 1: on his hands. I mean, again, it wasn't that the 436 00:23:11,119 --> 00:23:13,639 Speaker 1: outcome was close. I mean they like to say it was, 437 00:23:13,800 --> 00:23:16,120 Speaker 1: but like look at the comments by members who were 438 00:23:16,160 --> 00:23:19,720 Speaker 1: in the room. Uh during those negotiations. They came out 439 00:23:20,000 --> 00:23:23,200 Speaker 1: blasting each other. I mean there's a civil war going 440 00:23:23,240 --> 00:23:25,879 Speaker 1: on in the Democratic Party right now. Is this a 441 00:23:25,920 --> 00:23:27,960 Speaker 1: matter of time then, Rick, because I I think I 442 00:23:28,000 --> 00:23:29,920 Speaker 1: know your answer. I mean, does another week or two 443 00:23:30,000 --> 00:23:31,800 Speaker 1: or even a month make a difference? So I think 444 00:23:31,840 --> 00:23:35,240 Speaker 1: it does. It makes it harder. I mean, you know, 445 00:23:35,359 --> 00:23:39,159 Speaker 1: legislation doesn't get better by sitting around. It gets old. 446 00:23:39,520 --> 00:23:42,200 Speaker 1: It's not like wine. It doesn't get better over time. 447 00:23:42,680 --> 00:23:45,480 Speaker 1: And and so I think part of what Biden was 448 00:23:45,520 --> 00:23:48,280 Speaker 1: doing was trying to figure out is there any way 449 00:23:48,320 --> 00:23:50,360 Speaker 1: that we can reset this thing? Because remember they're going 450 00:23:50,400 --> 00:23:52,640 Speaker 1: on break, They've got a two week recess coming up, 451 00:23:52,960 --> 00:23:57,320 Speaker 1: and so they've run out the clock. And so I 452 00:23:57,400 --> 00:24:02,400 Speaker 1: do worry for them that they are losing the initiative 453 00:24:02,880 --> 00:24:04,880 Speaker 1: and there are other things that are gonna come take 454 00:24:04,880 --> 00:24:07,080 Speaker 1: its place. And as you know, and you've been reporting 455 00:24:07,080 --> 00:24:11,280 Speaker 1: on Uh, this debt um uh ceiling is going to 456 00:24:11,359 --> 00:24:14,879 Speaker 1: become as soon as they're back the number one topic. 457 00:24:15,280 --> 00:24:18,600 Speaker 1: And so how will it get any progress on infrastructure 458 00:24:18,960 --> 00:24:22,680 Speaker 1: and reconciliation if that's the pressure they're under. Does the 459 00:24:22,680 --> 00:24:27,040 Speaker 1: threat of losing everything Progressives and moderates you get zero, 460 00:24:27,320 --> 00:24:29,399 Speaker 1: you go home and tell them you're lost, it was 461 00:24:29,440 --> 00:24:33,040 Speaker 1: a fail. Does that motivate anyone to compromise? You know, 462 00:24:33,119 --> 00:24:35,359 Speaker 1: you would think it would, right, I mean, like and 463 00:24:35,400 --> 00:24:37,920 Speaker 1: these are this is a party with their backs up 464 00:24:37,960 --> 00:24:42,400 Speaker 1: against the wall on the elections. You've got a negative 465 00:24:42,480 --> 00:24:46,080 Speaker 1: sixty direction of the country right now, You've got Biden 466 00:24:46,480 --> 00:24:51,560 Speaker 1: approval rating plummeting to a negative fourteen. Uh. If anybody 467 00:24:51,560 --> 00:24:55,119 Speaker 1: who looks into the future is looking at two as 468 00:24:55,160 --> 00:25:00,200 Speaker 1: a disaster for House Democrats unless they change the political dynamic, mick. 469 00:25:00,480 --> 00:25:04,080 Speaker 1: And yet they seem more intent on, you know, exercising 470 00:25:04,119 --> 00:25:07,199 Speaker 1: their personal interests on these policies, and they do the 471 00:25:07,240 --> 00:25:09,880 Speaker 1: greater good of trying to save their their coalition in 472 00:25:09,880 --> 00:25:13,919 Speaker 1: in the in the majority status in the House. Just 473 00:25:13,960 --> 00:25:18,240 Speaker 1: talking about kirston cinema with Chuck Rocha, who was who's 474 00:25:18,520 --> 00:25:22,000 Speaker 1: a political consultant and progressive help to help to advise 475 00:25:22,720 --> 00:25:26,280 Speaker 1: both Bernie Sanders campaigns, and he's part of a draft camp, 476 00:25:26,320 --> 00:25:30,240 Speaker 1: just launched a draft campaign now to primary Kirston Cinema 477 00:25:30,320 --> 00:25:35,440 Speaker 1: and the twenty four election in Arizona. You know Arizona politics, 478 00:25:35,560 --> 00:25:39,560 Speaker 1: Rick Davis, is Kirston Cinema exactly the senator that Arizona wants? 479 00:25:39,680 --> 00:25:42,479 Speaker 1: Or is she painting herself into a corner now too? 480 00:25:42,560 --> 00:25:45,240 Speaker 1: She's already home by the way. Yeah, Well, it's smart 481 00:25:45,280 --> 00:25:47,440 Speaker 1: to get out of Washington when there's blood running down 482 00:25:47,440 --> 00:25:50,359 Speaker 1: the streets. Um. Uh. You know, I was fascinated by 483 00:25:50,440 --> 00:25:52,919 Speaker 1: Chuck's comments. Uh. And obviously he'd spent a lot of 484 00:25:52,960 --> 00:25:57,400 Speaker 1: time in Hispanic community drumming up support for Bill for Biden. 485 00:25:57,440 --> 00:25:59,960 Speaker 1: But I would remind him that their their turnout wasn't 486 00:26:00,040 --> 00:26:04,040 Speaker 1: anything special in the election. It was actually McCain Republicans 487 00:26:04,040 --> 00:26:07,359 Speaker 1: that elected Joe Biden in Arizona. But that being said, 488 00:26:07,920 --> 00:26:11,200 Speaker 1: Cinema only won by thirty thousand votes and she beat 489 00:26:11,280 --> 00:26:14,040 Speaker 1: a veteran. Uh. And I know Chuck was saying, wow, 490 00:26:14,119 --> 00:26:17,720 Speaker 1: Ruben geages a veteran and that'll beat Cinema. Well, Cinema 491 00:26:17,760 --> 00:26:20,120 Speaker 1: beat a veteran by thirty thousand votes. That is an 492 00:26:20,160 --> 00:26:25,240 Speaker 1: incredibly slim majority. So if you get somebody who is 493 00:26:25,240 --> 00:26:27,520 Speaker 1: going to spend a lot of time and money in 494 00:26:27,560 --> 00:26:31,080 Speaker 1: a Democratic primary ostensibly will be broke going into the 495 00:26:31,080 --> 00:26:34,000 Speaker 1: general election, and the primaries are in August with an 496 00:26:34,000 --> 00:26:38,840 Speaker 1: election in November. Good luck. I think that's another Republican pickup. Wow. Well, 497 00:26:38,880 --> 00:26:42,200 Speaker 1: it's certainly made her a political celebrity. Whether it extends 498 00:26:42,200 --> 00:26:44,560 Speaker 1: her career in the U. S. Senate, we will see. Rick, 499 00:26:44,560 --> 00:26:46,560 Speaker 1: I'm really glad you could jump on with us today, 500 00:26:46,720 --> 00:26:50,200 Speaker 1: our friend Rick Davis, Bloomberg Politics contributor with us on 501 00:26:50,280 --> 00:26:53,760 Speaker 1: Bloomberg Sound On. I'm Joe Matthew and Washington. We will 502 00:26:53,840 --> 00:26:59,160 Speaker 1: reassemble the panel next Roger Fisk, Jennifer Kerns. I'm Joe 503 00:26:59,200 --> 00:27:05,480 Speaker 1: Matthew and this his Bloomberg. You're listening to Bloomberg you 504 00:27:05,600 --> 00:27:11,479 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. Just got 505 00:27:11,520 --> 00:27:14,280 Speaker 1: a statement from the Chamber of Commerce watching all of 506 00:27:14,280 --> 00:27:17,840 Speaker 1: this unfolds on Capitol Hill, as you have and certainly 507 00:27:17,880 --> 00:27:22,960 Speaker 1: as we have here in Bloomberg's Washington Bureau. Chamber of Commerce. Right, 508 00:27:23,080 --> 00:27:27,400 Speaker 1: this was a pro infrastructure group and now a disappointed one. 509 00:27:27,400 --> 00:27:30,760 Speaker 1: There's no bigger supporter of a bipartisan infrastructure bill than 510 00:27:30,760 --> 00:27:35,320 Speaker 1: the US Chamber of Commerce. Neil Bradley writes, Executive Vice President, 511 00:27:35,640 --> 00:27:39,199 Speaker 1: chief Policy Officer at the Chamber, respectfully. He goes on 512 00:27:39,240 --> 00:27:42,679 Speaker 1: to right, the President is wrong. This bill should have 513 00:27:42,680 --> 00:27:46,000 Speaker 1: been enacted six years ago. There was a chance to 514 00:27:46,119 --> 00:27:50,680 Speaker 1: enact it six weeks ago. Delay has consequences, he says, 515 00:27:50,760 --> 00:27:52,720 Speaker 1: none of them are good for the American people. We 516 00:27:52,840 --> 00:27:56,040 Speaker 1: urge the House to pass the infrastructure bill as soon 517 00:27:56,080 --> 00:27:59,840 Speaker 1: as possible. Of course, neither member on our panel believes 518 00:27:59,840 --> 00:28:02,480 Speaker 1: there will be a vote tonight. That would include Roger Fisk, 519 00:28:02,560 --> 00:28:06,679 Speaker 1: Democratic strategist principle that New Day strategy and Jennifer Kern's 520 00:28:06,680 --> 00:28:11,440 Speaker 1: with US Republican strategist, former spokeswoman for the California Republican Party, Roger, 521 00:28:11,480 --> 00:28:14,040 Speaker 1: when you're hearing the Chamber of Commerce way in on 522 00:28:14,119 --> 00:28:17,000 Speaker 1: a democratic initiative like this and it's still not getting done, 523 00:28:17,040 --> 00:28:21,439 Speaker 1: have you ever thought you'd see this day? It's it 524 00:28:21,600 --> 00:28:24,040 Speaker 1: is really interesting when we've gotten to this point. Right, 525 00:28:24,400 --> 00:28:26,200 Speaker 1: But a couple a couple of comments and a couple 526 00:28:26,240 --> 00:28:29,240 Speaker 1: of thoughts about things. First off, we need to understand 527 00:28:29,520 --> 00:28:34,199 Speaker 1: how size make the broader Biden potential win. Here is 528 00:28:34,240 --> 00:28:37,520 Speaker 1: the fact that the that the number that someone is 529 00:28:37,520 --> 00:28:39,840 Speaker 1: trying to pull them back to his one point five 530 00:28:39,920 --> 00:28:43,280 Speaker 1: trillion is a gigantic when the fact that we're even 531 00:28:43,280 --> 00:28:46,800 Speaker 1: in this neighborhood right and not obviously the process steps 532 00:28:47,040 --> 00:28:49,240 Speaker 1: that Biden has to still go through this to seal 533 00:28:49,320 --> 00:28:52,280 Speaker 1: this deal. The other thing is is there's rhythms to 534 00:28:52,360 --> 00:28:55,720 Speaker 1: these things, right like there the chaos that you see, 535 00:28:55,920 --> 00:28:59,040 Speaker 1: and believe me, the Democrats never miss an opportunity, to 536 00:28:59,080 --> 00:29:02,880 Speaker 1: miss an opportunity. But say this status all gets ironed 537 00:29:02,880 --> 00:29:05,360 Speaker 1: out in one form or another, some of this cash 538 00:29:05,360 --> 00:29:07,360 Speaker 1: actually starts to come out the other end of the hose. 539 00:29:07,480 --> 00:29:11,640 Speaker 1: Next spring, there's there's there's road and bridge projects next summer. 540 00:29:11,680 --> 00:29:15,080 Speaker 1: Under the next fall, all this process stuff goes away. 541 00:29:15,520 --> 00:29:17,760 Speaker 1: So there's still plenty of room for Biden to come 542 00:29:17,800 --> 00:29:21,320 Speaker 1: out of this looking very good. As as Kim Democrats, well, 543 00:29:21,400 --> 00:29:25,000 Speaker 1: let's see what time does with this. Jennifer of Kevin 544 00:29:25,080 --> 00:29:29,920 Speaker 1: McCarthy is whipping his members against voting for this what 545 00:29:30,160 --> 00:29:32,400 Speaker 1: was a bi part as an infrastructure deal, one that 546 00:29:32,400 --> 00:29:36,160 Speaker 1: could not have passed without Republicans in the Senate. So 547 00:29:36,240 --> 00:29:38,440 Speaker 1: even if this does come up for a vote, I mean, 548 00:29:38,440 --> 00:29:40,400 Speaker 1: based on what we're seeing here, the leaks in the 549 00:29:40,480 --> 00:29:45,200 Speaker 1: damn and the Democratic Party, it could fail. No, it could. 550 00:29:45,240 --> 00:29:48,960 Speaker 1: And look the old adagees time kills all deals, and 551 00:29:49,080 --> 00:29:52,960 Speaker 1: certainly the Republican Party now tonight has an opportunity to 552 00:29:53,120 --> 00:29:56,520 Speaker 1: really get in there and start communicating with the American people. 553 00:29:56,960 --> 00:29:59,520 Speaker 1: The one point I think is their their most winning 554 00:29:59,560 --> 00:30:03,160 Speaker 1: point with American families is all of this money that 555 00:30:03,280 --> 00:30:05,960 Speaker 1: Joe Biden and his friends want to take from the 556 00:30:06,000 --> 00:30:11,280 Speaker 1: private sector and redistribute towards public projects that will cost 557 00:30:11,320 --> 00:30:15,720 Speaker 1: the average household twenty thousand dollars per household according to 558 00:30:15,760 --> 00:30:20,000 Speaker 1: the Heritage Foundation economists. That is uh something that makes 559 00:30:20,080 --> 00:30:22,719 Speaker 1: this build very personal to people, and that is what 560 00:30:22,800 --> 00:30:26,200 Speaker 1: gets people picking up the phone and emailing and jumping 561 00:30:26,240 --> 00:30:29,400 Speaker 1: on their computers to email their elected officials. That is 562 00:30:29,440 --> 00:30:32,240 Speaker 1: something that could move the needle over the next three weeks, 563 00:30:32,280 --> 00:30:34,640 Speaker 1: which is I think the period of time it's going 564 00:30:34,720 --> 00:30:37,360 Speaker 1: to take to get a vote. Also, you could you 565 00:30:37,400 --> 00:30:40,800 Speaker 1: could speak to business owners here. Um, the price teche 566 00:30:40,840 --> 00:30:44,200 Speaker 1: for business owners is very very steep. Here. You're looking 567 00:30:44,240 --> 00:30:47,840 Speaker 1: at a two point seven trillion dollar tax increase over 568 00:30:47,880 --> 00:30:50,800 Speaker 1: the next fifteen years on businesses. That's going to affect 569 00:30:50,840 --> 00:30:55,200 Speaker 1: hiring and things of that nature. Third, this is um 570 00:30:55,200 --> 00:30:57,560 Speaker 1: a bill that was promised to deliver jobs. But if 571 00:30:57,560 --> 00:30:59,840 Speaker 1: you look back at the path of the two that 572 00:31:00,120 --> 00:31:04,360 Speaker 1: the nine stimulus bill signed by President Obama, there was 573 00:31:04,680 --> 00:31:08,520 Speaker 1: an analysis some years later in that showed, uh that 574 00:31:08,760 --> 00:31:12,480 Speaker 1: actually all it did, remember those shovel ready jobs promised, 575 00:31:12,600 --> 00:31:16,400 Speaker 1: All it did was actually divert construction workers from private 576 00:31:16,440 --> 00:31:19,600 Speaker 1: sector jobs over to federal jobs. But Jennifer, you've seen 577 00:31:19,640 --> 00:31:23,440 Speaker 1: corporate America really step up here, Amazon, Walmart, the Chamber 578 00:31:23,480 --> 00:31:26,280 Speaker 1: of the US Chamber of Commerce is is begging for 579 00:31:26,360 --> 00:31:28,440 Speaker 1: a vote on this. I mean, we're talking about the 580 00:31:28,480 --> 00:31:32,440 Speaker 1: hard infrastructure bill in this case, not reconciliation. But that's 581 00:31:32,480 --> 00:31:37,000 Speaker 1: that's across the board it is. But look, I think 582 00:31:37,040 --> 00:31:40,760 Speaker 1: to to understand what's really going on in America, American 583 00:31:41,200 --> 00:31:45,400 Speaker 1: families and and the individual Americans have some heartburn over 584 00:31:45,480 --> 00:31:48,400 Speaker 1: these big giants who did not suffer at all through 585 00:31:48,480 --> 00:31:51,640 Speaker 1: the government lockdown. Said so there is this sort of 586 00:31:52,520 --> 00:31:57,400 Speaker 1: government uh lobby here of these large businesses who didn't 587 00:31:57,440 --> 00:32:00,840 Speaker 1: suffer and in fact, their their profits board right as 588 00:32:00,880 --> 00:32:05,360 Speaker 1: some of these companies Walmart, Amazon two plus growth during 589 00:32:05,360 --> 00:32:08,880 Speaker 1: the pandemic, while the individual small business owner really got 590 00:32:08,920 --> 00:32:12,280 Speaker 1: stepped on during the pandemic and during those big state 591 00:32:12,360 --> 00:32:16,360 Speaker 1: blue city lockdowns that happened. Look, I think, lastly, um 592 00:32:16,400 --> 00:32:19,400 Speaker 1: the point that Republicans need to continue pushing if they 593 00:32:19,400 --> 00:32:22,400 Speaker 1: have any hope of killing this. And again in the end, 594 00:32:22,440 --> 00:32:25,360 Speaker 1: I think Nancy Glosy is a shrewd negotiator. I think 595 00:32:25,400 --> 00:32:29,280 Speaker 1: she's gonna get a positive vote on this. But Republicans 596 00:32:29,280 --> 00:32:31,840 Speaker 1: can change some of this and bring down the price 597 00:32:31,880 --> 00:32:35,680 Speaker 1: tag by again showing that businesses creeping socialism. You know, 598 00:32:35,760 --> 00:32:39,520 Speaker 1: socialism has something that Republicans pound their chests and talk about, 599 00:32:39,600 --> 00:32:43,160 Speaker 1: but it's sort of an abstract theory for American families 600 00:32:43,240 --> 00:32:45,400 Speaker 1: and and people who go to work every day. But 601 00:32:45,640 --> 00:32:48,160 Speaker 1: when you start to tell people that the government, federal 602 00:32:48,200 --> 00:32:50,680 Speaker 1: government will start to have much more control even over 603 00:32:50,760 --> 00:32:55,760 Speaker 1: your water, your local transportation systems, your local housing authorities. Uh, 604 00:32:55,840 --> 00:32:58,440 Speaker 1: and it comes without price tag of twenty thousand dollars 605 00:32:58,440 --> 00:33:01,560 Speaker 1: per household, that's where to get real for most Americans. 606 00:33:01,760 --> 00:33:04,960 Speaker 1: Roger fiske I spoke with Ianna Pressley just a few 607 00:33:05,000 --> 00:33:07,160 Speaker 1: days ago, was outside the capital. There was a little 608 00:33:07,160 --> 00:33:09,719 Speaker 1: event going on there. Nancy Pelosi was holding about all 609 00:33:09,760 --> 00:33:11,840 Speaker 1: of this, and we we stepped aside and we had 610 00:33:11,840 --> 00:33:14,120 Speaker 1: a conversation. And I used to know Ianna Pressley a 611 00:33:14,120 --> 00:33:16,720 Speaker 1: bit when I was a journalist in the Boston area, 612 00:33:17,240 --> 00:33:21,160 Speaker 1: and she she talked about the mandate. She talked about 613 00:33:21,720 --> 00:33:28,760 Speaker 1: the multicultural, multi ethnic, multi racial, multi generational majority that 614 00:33:28,880 --> 00:33:32,680 Speaker 1: was elected to the House. Speaking from, you know, a 615 00:33:32,720 --> 00:33:36,040 Speaker 1: place of personal mission, she said, we cannot let them down. 616 00:33:36,080 --> 00:33:39,360 Speaker 1: They sent us here for a reason. But Roger, are 617 00:33:39,400 --> 00:33:46,680 Speaker 1: are progressive Democrats mistaking they're sort of thin majority for 618 00:33:46,760 --> 00:33:50,200 Speaker 1: a mandate to a dangerous level? Is that how we 619 00:33:50,240 --> 00:33:54,320 Speaker 1: got here? Well? No, and I came up with Iana, 620 00:33:54,400 --> 00:33:56,240 Speaker 1: both of us working for John Kerry. So it sounds 621 00:33:56,240 --> 00:33:57,680 Speaker 1: like you and I might have been in Boston at 622 00:33:57,680 --> 00:34:01,160 Speaker 1: the same time. You know, she or any progressive needs 623 00:34:01,200 --> 00:34:03,200 Speaker 1: to go out there and be as clear and stronger 624 00:34:03,320 --> 00:34:06,200 Speaker 1: voice as they can in terms of their advocacy. That's 625 00:34:06,200 --> 00:34:08,960 Speaker 1: not to say that their tactics push comes to shove 626 00:34:09,680 --> 00:34:13,440 Speaker 1: UM can't be focused on what they bring home for 627 00:34:13,480 --> 00:34:16,719 Speaker 1: their constituents. To one or two of Jen's points, I mean, 628 00:34:16,840 --> 00:34:19,320 Speaker 1: I get the idea that there's a price tax of 629 00:34:19,400 --> 00:34:22,480 Speaker 1: this right now, A lot of our ports on our 630 00:34:22,520 --> 00:34:25,280 Speaker 1: east and west coast in the Gulf of Mexico aren't 631 00:34:25,360 --> 00:34:28,720 Speaker 1: dredged wide enough or deep enough to actually accommodate the largest, 632 00:34:28,760 --> 00:34:31,680 Speaker 1: most modern class of freighter that's running around the oceans 633 00:34:31,800 --> 00:34:35,600 Speaker 1: right now. We're aging ourselves out of competition. Someone point 634 00:34:35,640 --> 00:34:38,720 Speaker 1: me in the direction of private efforts to make roads 635 00:34:38,719 --> 00:34:41,879 Speaker 1: and bridges, which by definition our socialists, since we all 636 00:34:41,880 --> 00:34:44,160 Speaker 1: pay for them in one form or another, and then 637 00:34:44,200 --> 00:34:47,480 Speaker 1: we can maybe talk and to to Rick's point, and 638 00:34:47,520 --> 00:34:50,920 Speaker 1: in a way Jen's too, I would much rather be 639 00:34:50,960 --> 00:34:54,200 Speaker 1: having this conversation about millions and billions and and and 640 00:34:54,360 --> 00:34:56,520 Speaker 1: roads and bridges and ports and things like that in 641 00:34:56,560 --> 00:35:00,879 Speaker 1: the Democratic Party, messy and fratricidal as it is, then 642 00:35:00,920 --> 00:35:03,840 Speaker 1: the discussion that is kind of even not really happening 643 00:35:03,960 --> 00:35:08,680 Speaker 1: in the Republican side, which is following themselves out, surrendering 644 00:35:09,239 --> 00:35:12,760 Speaker 1: basically the entire pillars of their brand, from fiscal responsibility 645 00:35:12,800 --> 00:35:16,960 Speaker 1: to family values, etcetera, at the service of the former president, 646 00:35:17,360 --> 00:35:20,600 Speaker 1: and essentially being willing to surrender to themselves to him 647 00:35:20,760 --> 00:35:24,600 Speaker 1: over their most fundamental oath to democracy itself. I think 648 00:35:24,600 --> 00:35:26,799 Speaker 1: when we talk about that American family and they look 649 00:35:26,840 --> 00:35:28,719 Speaker 1: at one party that wants to make sure that the 650 00:35:28,800 --> 00:35:31,520 Speaker 1: roads and bridges around them are safe. And another party 651 00:35:31,560 --> 00:35:34,719 Speaker 1: that is not even fundamentally done with the Western Democratic experiment. 652 00:35:34,760 --> 00:35:37,120 Speaker 1: That the choice is clear. Wow, that we're getting deep 653 00:35:37,160 --> 00:35:40,920 Speaker 1: into this year, Roger. But Jennifer, you, if I understood you, Jennifer, 654 00:35:41,400 --> 00:35:45,200 Speaker 1: you still think that the hard infrastructure bill passes under 655 00:35:45,320 --> 00:35:49,400 Speaker 1: Nancy Pelosi's leadership at some point, did I hear you? Right? Yeah? 656 00:35:49,440 --> 00:35:52,920 Speaker 1: I do. I look, two thirds of Americans support improving 657 00:35:52,920 --> 00:35:56,560 Speaker 1: your infrastructure, so, uh, you know, to to Roger's point, 658 00:35:57,080 --> 00:36:00,080 Speaker 1: it's not that I don't believe in infrastructure. I absolutely do. 659 00:36:00,480 --> 00:36:03,400 Speaker 1: The points, especially on the ports when we have a 660 00:36:03,520 --> 00:36:08,040 Speaker 1: backup and a backlog at ports is especially important. I 661 00:36:08,080 --> 00:36:10,719 Speaker 1: am just looking at the numbers and in the economic 662 00:36:10,760 --> 00:36:14,439 Speaker 1: analysis from places like Heritage and beyond that actually did 663 00:36:14,480 --> 00:36:17,839 Speaker 1: do a review of the two thousand nine UH stimulus 664 00:36:17,840 --> 00:36:21,439 Speaker 1: bill by Obama that said four years later, it did 665 00:36:21,440 --> 00:36:23,640 Speaker 1: not deliver the jobs that it said it was going 666 00:36:23,680 --> 00:36:26,799 Speaker 1: to deliver because those went from the private sector just 667 00:36:26,960 --> 00:36:30,080 Speaker 1: over to the federal sector. So I just think that 668 00:36:29,960 --> 00:36:33,160 Speaker 1: the things were being promised aren't going to be delivered. 669 00:36:33,239 --> 00:36:36,640 Speaker 1: Those are jobbs, and then the price tag um again, 670 00:36:36,800 --> 00:36:39,160 Speaker 1: I think it's just too high for most Americans to bear. 671 00:36:39,320 --> 00:36:41,200 Speaker 1: All Right, I have less than two minutes. I'd love 672 00:36:41,200 --> 00:36:43,440 Speaker 1: to hear from each of you if we can manage 673 00:36:43,440 --> 00:36:45,399 Speaker 1: that and the time that we have remaining on what's 674 00:36:45,400 --> 00:36:48,000 Speaker 1: going to happen this weekend. Apparently it is a working weekend. 675 00:36:48,040 --> 00:36:51,200 Speaker 1: Most lawmakers that we've been in touch with, Roger Fisk 676 00:36:51,239 --> 00:36:55,120 Speaker 1: are staying in town. Does something emerge, does the President 677 00:36:55,160 --> 00:36:58,919 Speaker 1: continue meetings? What's going to happen in the next two days. Well, 678 00:36:58,960 --> 00:37:01,239 Speaker 1: if let me re iterate that I agree with jenn 679 00:37:01,280 --> 00:37:03,600 Speaker 1: on the on the broader point about the infrastructure bill. 680 00:37:04,080 --> 00:37:08,399 Speaker 1: I think you know right now it's gonna get very 681 00:37:08,520 --> 00:37:12,279 Speaker 1: very surgical, uh into the anatomy of the language. And 682 00:37:12,320 --> 00:37:14,520 Speaker 1: I know that we're in, or we like to think 683 00:37:14,520 --> 00:37:17,440 Speaker 1: that we're in kind of a post Earmark kind of world. 684 00:37:17,440 --> 00:37:19,239 Speaker 1: But I think push comes to show we all know 685 00:37:19,320 --> 00:37:22,520 Speaker 1: that it really gets down to zip coats and specific 686 00:37:22,600 --> 00:37:25,080 Speaker 1: off ramps and things like that. And I think people 687 00:37:25,080 --> 00:37:27,640 Speaker 1: are gonna it's gonna just get down to like rolling 688 00:37:27,719 --> 00:37:30,800 Speaker 1: up the sleeves and going neighborhood by neighborhood and trying 689 00:37:30,800 --> 00:37:32,480 Speaker 1: to make the point to people. I know, for example, 690 00:37:32,520 --> 00:37:35,919 Speaker 1: the administration has already presented Senator McConnell with a long 691 00:37:35,960 --> 00:37:38,120 Speaker 1: list in there, and and there's a pack of someting 692 00:37:38,160 --> 00:37:41,120 Speaker 1: ads in Kentucky with the names of actual bridges. So 693 00:37:41,320 --> 00:37:43,560 Speaker 1: let's just give Jennifer a quick chance. Jennifer, do they 694 00:37:43,560 --> 00:37:46,759 Speaker 1: come up with a deal this weekend? No, I think 695 00:37:46,800 --> 00:37:49,000 Speaker 1: it's going to be weak, not days, but I do 696 00:37:49,120 --> 00:37:52,640 Speaker 1: think they can with the deal. Roger Fisk, Jennifer Kern's 697 00:37:52,680 --> 00:37:55,040 Speaker 1: many thanks for being part of our panel and our 698 00:37:55,080 --> 00:37:59,800 Speaker 1: Friday edition. Happy birthday, Bloomberg, forty years on the terminal 699 00:38:00,280 --> 00:38:03,120 Speaker 1: and the most important news organization in the country. I'm 700 00:38:03,200 --> 00:38:04,880 Speaker 1: Joe Matthew. This is Bloomberg.