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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at

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Speaker 1: noon Eastern on Applecarplay and Roun Auto with the Bloomberg

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Speaker 1: Business App. Listen on demand wherever you get your podcasts,

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Speaker 1: or watch us live on YouTube.

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Speaker 2: Echoes from Detroit still in our heads, of course, Kayley.

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Speaker 2: Donald Trump speaking to the Economic Club of Detroit yesterday.

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Speaker 2: We brought you some of his remarks here on Bloomberg.

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Speaker 2: It was a long speech. We went through it together,

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Speaker 2: and about an hour and a half into this address,

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Speaker 2: we got a new deduction, another piece of news to

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Speaker 2: help round out what has been a series of economic

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Speaker 2: policy proposals put forth by Donald Trump, creating the mosaic

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Speaker 2: that we're going to be talking about here with Scott Besstt.

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Speaker 2: Let's go to Detroit now, remembering this is motown and

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Speaker 2: what Donald Trump had to offer yesterday.

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Speaker 3: Today, I am also announcing that as part of our

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Speaker 3: tax we will make interest on car loans fully deductible.

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Speaker 3: This will stimulate massive domestic auto production and make car

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Speaker 3: ownership dramatically more affordable for millions and millions of working

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Speaker 3: American families.

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Speaker 4: So for more on these policy proposals. We turn next

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Speaker 4: to someone who is advising Donald Trump on economic policy,

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Speaker 4: Scott Bess and his promises here with us here on

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Speaker 4: Bloomberg TV and radio. He is Key Square Capital CEO

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Speaker 4: joining us in Washington. Good to see you, Thank you

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Speaker 4: for being here. So we have a new deduction on

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Speaker 4: car loans. You also have no tax on tips, on overtime,

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Speaker 4: on social Security permanence to the twenty seventeen tax cuts,

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Speaker 4: but undoing part of it because the salt cap will

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Speaker 4: be lifted. This is a lot of proposals. Can we

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Speaker 4: now call this the full picture of what tax policy

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Speaker 4: would look like under Donald Trump? Have you talked through

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Speaker 4: other ideas with him? And we might still see in

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Speaker 4: the next three and a half weeks.

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Speaker 5: So first of all, thanks for having me. President Trump

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Speaker 5: is a big idea guy and he generates a lot

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Speaker 5: of these himself. I had a meeting with him on

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Speaker 5: the Monday after he mentioned or proposed and no tax

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Speaker 5: on tips, and I said, sir, what inspired you to

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Speaker 5: do that? He said, I was looking at this hard

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Speaker 5: working woman and a diner in Nevada, and I thought

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Speaker 5: it's not fair to tax these tips.

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Speaker 2: So you guys have a chance to talk about things

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Speaker 2: before we get to hear about them. Maybe you're surprised

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Speaker 2: by some of them too, But I've been looking forward

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Speaker 2: to running around the track with you on a couple

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Speaker 2: of these ideas because you hear the same conversations that

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Speaker 2: we have every day here. A lot of economists say

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Speaker 2: that these tax proposals are inflationary. We just got a

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Speaker 2: new number from the Committee for a Responsible Federal Budget

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Speaker 2: that Donald Trump's economic proposals could add as much as

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Speaker 2: fifteen trillion dollars to the deficit over the course of

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Speaker 2: ten years. Where are they wrong?

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Speaker 5: Well, the good news is we have a roadmap for

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Speaker 5: what Donald Trump did, and Trump one point zero it

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Speaker 5: was not inflationary. The government revenues went up. And my

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Speaker 5: friends at the committee are they are anti growth and

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Speaker 5: higher taxes. Because if you look at the way the

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Speaker 5: scoring works, and I'm a Wall Street person, I've just

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Speaker 5: become familiar with this, and I think most of your

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Speaker 5: viewers and listeners don't understand the way it works, and

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Speaker 5: it is heavily skewed towards higher taxes and less growth.

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Speaker 5: You end up you begin with a baseline GDP estimate

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Speaker 5: that doesn't move. So I believe it's unreasonable to think

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Speaker 5: that if Donald Trump's proposals are to cut taxes that

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Speaker 5: growth will not accelerate. If Vice President Harris's tax proposals

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Speaker 5: are to raise taxes, that growth will not be lower.

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Speaker 5: But in the scoring, it's always at one point eight percent,

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Speaker 5: straight line for ten years.

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Speaker 4: Okay, So what is the figure you think is realistic

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Speaker 4: if all of these tax cuts are implemented, If we're

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Speaker 4: to grow our way out of this, what does that

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Speaker 4: translate to and annualized GDP growth?

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Speaker 5: Well, for annualized GDP growth, I think, like under Trump

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Speaker 5: one point zero that we can get moved back towards

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Speaker 5: three percent. But right now you know our GDP growth.

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Speaker 5: And I find this very interesting that we're hearing that

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Speaker 5: Kamala Harris is the one who is going to have

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Speaker 5: some kind of budget rectitude, because I will tell you

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Speaker 5: I am very concerned about what is happening right now.

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Speaker 5: We have never had a budget deficit like this. We

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Speaker 5: are at seven percent of GDP in terms of the deficit,

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Speaker 5: We've never had this when it's not a recession, not

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Speaker 5: a war. And what do we have to show for it?

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Speaker 5: We have eighteen they have created eighteen thousand manufacturing jobs.

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Speaker 5: Last year, the economy only created two hundred and fifty

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Speaker 5: thousand private sector jobs. This is a takeover of the

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Speaker 5: government of the private sector. The jobs are being created

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Speaker 5: in the government and government adjacent And I think President

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Speaker 5: Trump's goal is to reprivatize the economy, get the private

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Speaker 5: sector creating jobs. And I think we could bring down

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Speaker 5: the deficit to GDP to something with a three on

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Speaker 5: it by twenty twenty eight.

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Speaker 2: The three, three and three that we keep hearing about.

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Speaker 2: You've got another idea that's generating a lot of talk

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Speaker 2: right now that Congress create a FED chair designate who

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Speaker 2: would essentially serve alongside J. Powell for the.

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Speaker 1: Remainder of his term.

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Speaker 2: You said quote based on the concept of forward guidance.

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Speaker 2: No one is going to care what J. Powell has

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Speaker 2: to say anymore. Interestingly, Donald Trump told Bloomberg Business Week

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Speaker 2: a couple months ago that he would allow J. Powell

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Speaker 2: to finish out the rest of his term. What does

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Speaker 2: Donald Trump think of this idea?

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Speaker 5: Well, first of all, I'll say I don't speak for

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Speaker 5: the Trump campaign, and it's not for Congress to create.

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Speaker 5: It would be for President Trump when he wins to

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Speaker 5: nominate because if we go back, and I've gotten blown

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Speaker 5: up on the Twitter sphere on this, and I think

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Speaker 5: it is a serious lack of understanding because the original sin,

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Speaker 5: in my mind, that unleashed the Great inflation on the

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Speaker 5: American people. The Biden administration waited until the last possible

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Speaker 5: moment to renominate J.

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Speaker 1: Powell.

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Speaker 5: It was the latest nomination in the twenty first century

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Speaker 5: for a FED chair. It was clear in his Jackson

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Speaker 5: Hole speech in August of twenty one that he thought

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Speaker 5: inflation was accelerating. He was still calling it transitory, but

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Speaker 5: was open to the idea was accelerating. They kept their

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Speaker 5: thumb on him until November and renominated him at the

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Speaker 5: end of the month. He was confirmed in December, and

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Speaker 5: then he didn't do the first rate hike until March.

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Speaker 5: If they had announced his reappointment in June July, he

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Speaker 5: could have been hiking rates in October.

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Speaker 4: So they were reappointing the same man. If it's to

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Speaker 4: be someone new, couldn't that create massive market uncertainty If

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Speaker 4: you're not clear on which voice is providing forward guidance?

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Speaker 5: Well, I think no, I disagree, because I actually think

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Speaker 5: it provides more certainty because you could do one of

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Speaker 5: two things that the current FED chair could be reappointed,

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Speaker 5: so you created a path there, and the new FED

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Speaker 5: chair nominee would give forward guidance beyond the current Fed

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Speaker 5: shares the sell by date, so you would have for

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Speaker 5: ad guidance up until May twenty May twenty six with

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Speaker 5: j Powell, and then you would know the market could

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Speaker 5: structure a forward curve since then. So you know, I

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Speaker 5: call this if and I'm not such a big fan

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Speaker 5: of Ford guidance, but if you believe forward guidance is good,

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Speaker 5: why can't you give Ford guidance? And who the Fed

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Speaker 5: shair is going to be?

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Speaker 2: Where's Donald Trump's head on this? And I know you're

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Speaker 2: not speaking for the campaign, but your relationship with him

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Speaker 2: is why we're here right now. He wants to play

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Speaker 2: a role in setting interest rates. How deliberate will he

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Speaker 2: be if he's reelected on that front?

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Speaker 5: Well, he wants to have a voice, but every president

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Speaker 5: has a voice. Joe Biden told us in the State

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Speaker 5: of the Union, I think we're about to get.

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Speaker 2: In it as opposed to setting actually.

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Speaker 5: And I think what's very interesting about President Trump. He

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Speaker 5: understand he's been in the financial markets through his real

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Speaker 5: estate holdings. He under he has a deep understanding of

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Speaker 5: financial markets as opposed to most politicians, so he wants

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Speaker 5: to be involved in the conversation. He has very well

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Speaker 5: formed opinions. He has a lot of private sector friends,

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Speaker 5: so he just wants to be a voice. Senator Warren

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Speaker 5: and two other senators right before the FED decision came

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Speaker 5: out and said, oh, it should be seventy five basis points,

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Speaker 5: which no, there's no model that said that it should

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Speaker 5: have been. But they opined that's their right, and I

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Speaker 5: think it's his right. I just think his opinions might

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Speaker 5: better informed.

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Speaker 4: Well, certainly has many of them, including around the issues

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Speaker 4: of migration, which he probably will be focusing a lot

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Speaker 4: on as he visits Aurora, Colorado today. He has floated

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Speaker 4: mass my mass deportation rather and if you're looking at

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Speaker 4: a figure of over thirteen million people who have not

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Speaker 4: legally or do not have legal status in the US

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Speaker 4: as of April of this year, if they were to

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Speaker 4: go away, there's studies, including from the American Immigration Council,

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Speaker 4: that say that could produce GDP by four point two

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Speaker 4: to six point eight percent. The economic policy Institute found

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Speaker 4: that without immigration, the prime age workforce would have essentially

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Speaker 4: seen no growth at all in the past quarter century.

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Speaker 4: What is the economic impact potentially of the kind of

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Speaker 4: deportation he's talking about. Where would you find those workers otherwise?

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Speaker 5: Well, let's go back, because I find all this pretty

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Speaker 5: duplicitous for my entire career, probably most of your entire lives.

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Speaker 5: The academic economists said, oh no, absolutely they unauthorized new

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Speaker 5: arrivals do not put downward pressure on wages. Then lo

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Speaker 5: and behold. In this cycle, when we we had the

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Speaker 5: massive inflation, we get, whether it's eleven million new arrivals

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Speaker 5: or as President Trump thinks, twenty one million new arrivals,

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Speaker 5: it does push down wages on the bottom quintile, which

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Speaker 5: I think is abominable. These are working people, Americans who

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Speaker 5: are seeing their wages get pushed down. So now it's

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Speaker 5: what I always believed, what you could see, what you

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Speaker 5: could observe, it does push wages down. And you know,

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Speaker 5: I would just say I dispute those GDP numbers because

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Speaker 5: if it were good, why wouldn't we just have a

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Speaker 5: road from Terra del Fuego to the Rio Grande and

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Speaker 5: let everybody who wants to come in in. We could

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Speaker 5: double GDP, but per capita GDP per American would drop substantially.

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Speaker 5: It is about American citizens' standards of living. So and

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Speaker 5: you know, to talk about the mass deportation. I really

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Speaker 5: like the Senator Vance's answer on that said, well, how

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Speaker 5: are you going to do it? He said, the same

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Speaker 5: way I eat a large subway sandwich, one bite at

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Speaker 5: a time.

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Speaker 2: Scott Besstt he's CEO Key Square Capital and has the

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Speaker 2: former president's here. We appreciate your time being with us

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Speaker 2: year at the table today. Thanks for talking policy. We'd

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Speaker 2: like to stay in touch with you as we get

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Speaker 2: closer to the election.

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Speaker 5: I think there's gonna be a lot of action between now,

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Speaker 5: a lot.

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Speaker 2: Of action I'm about. Thank you very much for being

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Speaker 2: with us.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast ken

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Speaker 1: just Live weekdays at noon Eastern on Apple car Play

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Speaker 1: New York station, Just Say Alexa playing Bloomberg eleven thirty.

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Speaker 4: The date we're focusing on is November fifth. Of course,

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Speaker 4: the election and November twelfth, because that is the date

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Speaker 4: that Congress returns to Washington, and this town gets a

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Speaker 4: little less empty. It's just Joe, Matthew and I seem

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Speaker 4: to be here at the moment, but that is the

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Speaker 4: return date set in stone. The Speaker of the House,

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Speaker 4: Mike Johnson, says that he is not planning to change that,

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Speaker 4: despite President Biden saying yesterday thinks Congress should come back

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Speaker 4: immediately to address the emergency funding needs that have emerged

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Speaker 4: because of these massive hurricanes that have hit the US

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Speaker 4: Helene of course, and then Milton after that this week.

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Speaker 2: The word from Mike Johnson so far remains no. We

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Speaker 2: did hear from ATHENA Lawson spokesperson last evening to be clear,

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Speaker 2: Congress will act again upon its return in November, so

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Speaker 2: we'll keep that twelve, I guess circles on our calendars here.

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Speaker 2: There are still a lot of questions though about how

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Speaker 2: much money FEMA has to work with here when it

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Speaker 2: comes to individual assistants, public assistance. The SBA, as we

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Speaker 2: heard from Joe Biden last evening, is a completely different

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Speaker 2: ballo axe here. And that's where Tyler Kendall comes in.

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Speaker 2: I want to bring you into our newsroom in Washington

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Speaker 2: with Bloomberg's Tyler Kendall and some reporting on exactly where

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Speaker 2: the funding stands for these agencies.

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Speaker 6: Tyler, Yeah, hey, Joe. The federal government is rapidly using

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Speaker 6: its disaster relief funding. FEMA came out earlier this week

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Speaker 6: saying that it had already gone through about nine billion

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Speaker 6: of the twenty billion dollars in congressionally a funding for

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Speaker 6: fiscal year twenty twenty five, which just started and is

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Speaker 6: supposed to take the agency through September thirtieth of next year.

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Speaker 6: But as you mentioned, it's not just FEMA. The Small

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Speaker 6: Business Administration has been highlighted in its role for helping

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Speaker 6: the federal government when it comes to disaster relief efforts.

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Speaker 6: The SBA provides low interest loans to homeowners and businesses,

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Speaker 6: in some cases up to two million dollars to rebuild

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Speaker 6: after natural disasters. And as you mentioned, President Biden yesterday,

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Speaker 6: as we wait for him today to address the nation,

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Speaker 6: yesterday he came out and urged Congress I wanted to

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Speaker 6: take a listen here to what he said to lawmakers

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Speaker 6: when it comes to pushing for that additional emergency funding.

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Speaker 7: I think in terms of the SPA. It's pretty right

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Speaker 7: at the edge right now, and I think the Congress

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Speaker 7: should be coming back and moving on emergency needs immediately.

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Speaker 7: They're going to have to come back after the election

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Speaker 7: as well. This is going to be a long haul

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Speaker 7: for total rebiliting. It's going to take several billion dollars.

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Speaker 7: It's not going to be a matter of just a

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Speaker 7: little bit.

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Speaker 6: In a letter to Congress last night, the SBA administrator

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Speaker 6: said that that emergency loan program will likely run out

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Speaker 6: by the end of next week if it does not

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Speaker 6: have additional funds to replenish it. They did say that

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Speaker 6: the SBA will continue to process loans though up to

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Speaker 6: the point of payment. But Joe and Kayley experts are

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Speaker 6: saying that once that SBA loan program runs out, that's

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Speaker 6: only going to put a bigger drag on the FEMA

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Speaker 6: funds as people look elsewhere if they can't get that

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Speaker 6: that SBA funding.

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Speaker 4: So as we consider the rule Congress has in providing

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Speaker 4: more funding, the argument that lawmakers who are not eager

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Speaker 4: to return to Washington right now, Tyler, is that it's

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Speaker 4: because it's campaign season. They're in the final stretches of

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Speaker 4: their own races ahead. Of election day. But that kind

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Speaker 4: of is an important point here. It is the last

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Speaker 4: weeks before the election. This storm and everything that comes

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Speaker 4: with it might have massive political implications, including the ability

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Speaker 4: of voters to vote at all.

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Speaker 6: Right, exactly, you two have been covering closely how the

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Speaker 6: storm and electoral politics have kind of been intertwining here.

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Speaker 6: We've been talking a lot about rhetoric at the top

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Speaker 6: of the ticket, but I would also say I'm watching

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Speaker 6: voter access, for example, in some of these hard hit states,

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Speaker 6: including battleground states like North Carolina, where we're already seeing

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Speaker 6: them implement some emergency provisions to allow for mail in

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Speaker 6: ballots to be more easily attained if you are in

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Speaker 6: a disaster zone, even in Florida, of Florida's governor Ron

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Speaker 6: de Santis, for example, is reevaluating some of the polling

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Speaker 6: sites to make sure that there are in accessible areas.

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Speaker 6: And then beyond that, as we've been covering, the economy

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Speaker 6: is always repeatedly the top issue according to our Bloomberg

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Speaker 6: News Morning Console polling, and we're going to be watching

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Speaker 6: how the economic impacts from the storm could impact voters

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Speaker 6: in some of these key states. For example, if you

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Speaker 6: look at Florida. A lot of those key ports, like

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Speaker 6: the Port of Tampa, the largest port in the state,

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Speaker 6: being closed. How that's going to impact supply chain issues

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Speaker 6: taking us right up to election day.

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Speaker 4: Very good point, Bloomberg, Tyler Kendall, great reporting, Thank you

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Speaker 4: so much, and Joe, it is something to consider here.

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Speaker 4: The optics of all of this, let alone the actual physical,

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Speaker 4: tangible impact on ability of people to vote in that

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Speaker 4: kind of thing. The optics of the response, how federal

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Speaker 4: officials and other elected members of office respond to this,

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Speaker 4: including whether or not they returned to Washington, could be

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Speaker 4: something very impactful on the ultimate vote just weeks from now.

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Speaker 2: Well, that's for sure. And if the Speaker holds the

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Speaker 2: line on this and we wait for everybody to come

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Speaker 2: back after the election, we are really getting a good

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Speaker 2: sense of what this lame duck session is shaping up

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Speaker 2: to be. We knew it would be an emergency request.

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Speaker 2: A lot of folks thought it might be for the Pentagon.

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Speaker 2: Looks like it will be for a disaster relief once again.

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Speaker 4: Indeed, so for more on the disaster relief that's needed

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Speaker 4: and the kind of funding issues we seem to be

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Speaker 4: running into again and again We're pleased to be joined

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Speaker 4: now by former FEMA Deputy Administrator for Resilience, Daniel Kanuski.

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Speaker 4: He is now marsh mcclenn in Public Sector Managing Director,

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Speaker 4: and he's here with us in our Washington, d C. Studio.

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Speaker 4: Thanks for being here. On balance of is we consider

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Speaker 4: this funding question the idea that FEMA now after these

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Speaker 4: two storms, may not be in a very strong position

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Speaker 4: to respond to anything else that could come this hurricane

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Speaker 4: season or any other disasters because of the extent to

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Speaker 4: which resources have been depleted. How great of a problem

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Speaker 4: is it that we even have to consider these vulnerabilities

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Speaker 4: in the first place.

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Speaker 8: Well, certainly, the two hurricanes back to back have strained

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Speaker 8: FEMA's resources. It strained its budget, it's strained its personnel,

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Speaker 8: and it's trained its ability to respond effectively to future disasters. Now,

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Speaker 8: knock on wood, let's hope that there's not any major

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Speaker 8: disasters that happen right now. But assuming not, we're really

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Speaker 8: you know, they're going to be really focused on that

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Speaker 8: recovery and prioritizing all of those resources, whether they be

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Speaker 8: personnel or funding, to those two major disasters. But let's

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Speaker 8: not forget there are many other disasters that FEMA is

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Speaker 8: still on the ground for a still helping communities recover

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Speaker 8: from those disasters number in the hundreds.

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Speaker 2: So to that end, that's exactly what I wanted to

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Speaker 2: ask you about. Are we two weeks from now playing

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Speaker 2: triage with money and turning away from recovery from fires

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Speaker 2: in California or in Hawaii for that matter.

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Speaker 8: Well, the FEMA administrator does have the authority to prioritize

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Speaker 8: those immediate needs, and that there is precedent for That's

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Speaker 8: happened several times even recently, so I would expect that

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Speaker 8: if funding started to get lower than what the FEMA

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Speaker 8: administrator felt comfortable with, she would prioritize funding for those

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Speaker 8: immediate response needs. With the two disasters we've recently experienced. Now,

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Speaker 8: long term, you're absolutely right, like the concern would be

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Speaker 8: that those communities that are still recovering from those disasters

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Speaker 8: that were weeks, months, even years ago are going to

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Speaker 8: be slowed down in their long term recovery, in their

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Speaker 8: ability to bounce back from those disasters and build resilience.

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Speaker 8: So certainly a concern, but prioritizing the current response needs

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Speaker 8: would be the priority.

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Speaker 4: Well, as you mentioned, resilience which of course is what

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Speaker 4: you focused on at FEMA. To what extent is this

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Speaker 4: conversation one that needs to be had not just about

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Speaker 4: making sure enough money is there, that you aren't constantly

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Speaker 4: having to request emergency supplementals, but also that adequate investment

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Speaker 4: is being made in resilience, in mitigation, in adapting to

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Speaker 4: a climate that is changing and storms that we've seen

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Speaker 4: can grow more powerful over warm ocean water for example.

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Speaker 8: Well, certainly resilience needs to be a priority, and I'm

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Speaker 8: so heartened that FEMA is now largely known as the

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Speaker 8: disaster resilience Agency. It wasn't always that. That wasn't always

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Speaker 8: the case. Quite frankly, it was always known as this

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Speaker 8: agency that would provide funding and support after disaster, which

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Speaker 8: is absolutely critical. But in those times we're not experienced

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Speaker 8: a disaster, FEMA and the emergency management community should really

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Speaker 8: be focused on investments that can reduce future disaster losses.

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Speaker 2: Were we in a world in which funding should increase

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Speaker 2: along with the temperature.

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Speaker 8: Well I think that, no question, funding will have to

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Speaker 8: increase for funds like the Disaster Relief Fund, which needs

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Speaker 8: to constantly be replenished based on these large disasters. There

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Speaker 8: is an increasing amount of funding being spent on the

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Speaker 8: pre disaster programs, and again, that is the right direction

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Speaker 8: to go because we know that for every one dollar

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Speaker 8: invested in risk reduction programs, save six dollars when the

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Speaker 8: disaster occurs. And that's just the savings to the federal government.

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Speaker 8: If you layer on top of that the economic savings.

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Speaker 8: Thanks to a recent report by All State in the

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Speaker 8: US Chamber of Commerce, they found that number is actually

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Speaker 8: thirteen to one.

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Speaker 4: Do you feel like lawmakers in Washington recognize that or

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Speaker 4: is this just something that happens in the agency?

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Speaker 8: I think it was. Let's go back to twenty seventeen.

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Speaker 8: When I was at the agency. We had back to

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Speaker 8: back hurricanes, Hurricanes Harvey, Irma and Maria, and policy makers,

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Speaker 8: to their credit, came to us and said, what can

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Speaker 8: we do to prevent this in the future. What can

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Speaker 8: we do to lessen the impact on taxpayers and lessen

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Speaker 8: the impact on disaster survivors? And we said, give us

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Speaker 8: a pre disaster hazard mitigation program, let us invest ahead

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Speaker 8: of time before that aster occurs. And that report from

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Speaker 8: the National Institute of Building Sciences, that six to one

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Speaker 8: number had just come out, So it's really the confluence

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Speaker 8: of that data, empirical data that says mitigation saves combined

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Speaker 8: with those increasing disaster losses.

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Speaker 4: How quickly does it save?

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Speaker 9: Though?

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Speaker 4: I mean, if we're talking about these kind of investments

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Speaker 4: and rethinking the way you build, perhaps where you build

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Speaker 4: the kind of infrastructure required to better withstand these natural disasters,

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Speaker 4: you can't just do that overnight.

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Speaker 9: Right.

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Speaker 4: This is not something that's going to change the game

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Speaker 4: for hurricane season twenty twenty.

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Speaker 2: Five, that's right.

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Speaker 8: It will lessen the impacts of that future disaster. So

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Speaker 8: in the interim, there's a number of steps that can

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Speaker 8: be taken too. Well mentioned preparedness, so being prepared to

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Speaker 8: effectively respond to that disaster, realizing you can't reduce that

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Speaker 8: disaster risk to zero. And you've seen communities that are

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Speaker 8: prepared and those that are less prepared. There are federal

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Speaker 8: dollars available to help those communities prepare. The second point

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Speaker 8: I would make is insurance. Insurance fills that gap, right,

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Speaker 8: that fills the gap between that level of preparedness or

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Speaker 8: the risk being fully mitigated, and the disaster that's inevitably

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Speaker 8: going to occur. So everyone needs to have insurance. The homeowners,

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Speaker 8: governments need to have it, and that insurance is what

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Speaker 8: protects you against the financial consequences of these inevitable disasters.

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Speaker 2: We reached out to you because you were FEMA's deputy

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Speaker 2: administrator for resilience. It's tough to be resilient when people

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Speaker 2: don't trust you. And I wonder, based on your experience,

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Speaker 2: your unique perspective, how corrosive has been this round of

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Speaker 2: miss and disinformation to the reputation and effectiveness of FEMA.

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Speaker 8: Well, unfortunately, misinformation is part of a catastrophic disaster response.

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Speaker 8: It's simply because during a catastrophic disaster, communications are knocked out.

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Speaker 8: People aren't having access to the information that they would

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Speaker 8: normally have access to, and in the absence of information,

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Speaker 8: they grasp at anything that might be available and that

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Speaker 8: might not be a trusted government source. So what I

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Speaker 8: can say is in disasters, what we often say is

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Speaker 8: make sure you have multiple ways to communicate. Make sure

439
00:23:03,880 --> 00:23:06,760
Speaker 8: you have things like, you know, a radio and backup

440
00:23:06,840 --> 00:23:10,600
Speaker 8: generators in ways so that you can get that information

441
00:23:10,800 --> 00:23:14,199
Speaker 8: directly from government officials who will give you who are

442
00:23:14,200 --> 00:23:18,120
Speaker 8: the truth tellers during a disaster, and in that way,

443
00:23:18,320 --> 00:23:21,000
Speaker 8: you're not going to be swayed by this misinformation.

444
00:23:21,880 --> 00:23:23,480
Speaker 4: If we could go back to something you were just

445
00:23:23,520 --> 00:23:26,520
Speaker 4: mentioning about the importance of having insurance in some of

446
00:23:26,520 --> 00:23:29,520
Speaker 4: these areas, including Florida, which was just slammed by Milton.

447
00:23:29,640 --> 00:23:33,640
Speaker 4: Insurance can be prohibitively expensive in some areas. We understand

448
00:23:33,840 --> 00:23:37,040
Speaker 4: it's not even provided because the risk is so great

449
00:23:37,040 --> 00:23:39,240
Speaker 4: a flooding and what have you. How do we solve

450
00:23:39,280 --> 00:23:40,679
Speaker 4: that problem.

451
00:23:40,480 --> 00:23:42,359
Speaker 8: Well, if we're talking about home if we're talking about

452
00:23:42,520 --> 00:23:45,600
Speaker 8: insurance for individuals as opposed to governments. But for individuals,

453
00:23:46,040 --> 00:23:49,119
Speaker 8: there's homeowners and renters insurance and there's flood insurance, and

454
00:23:49,119 --> 00:23:52,720
Speaker 8: oftentimes you know, those are two separate policies. Now, for

455
00:23:52,840 --> 00:23:56,520
Speaker 8: homeowners insurance, you're seeing increasing strain on the homeowner's market.

456
00:23:57,119 --> 00:23:59,000
Speaker 8: It could be because of disasters such as what we're

457
00:23:59,000 --> 00:24:02,600
Speaker 8: seeing in Florida, wildfires in California, or it could be

458
00:24:02,600 --> 00:24:07,120
Speaker 8: because of other reasons, including inflation that we're all dealing with. Nonetheless,

459
00:24:07,520 --> 00:24:11,040
Speaker 8: homeowners need to have obviously adequate homeowners insurance. Renters need

460
00:24:11,080 --> 00:24:13,520
Speaker 8: to have insurance. But let's focus on flood for a second.

461
00:24:13,920 --> 00:24:17,240
Speaker 8: Flood insurance is something that the federal government provides. The

462
00:24:17,280 --> 00:24:19,720
Speaker 8: federal government has to offer that to you. So it's

463
00:24:19,760 --> 00:24:22,640
Speaker 8: not a matter of availability for flood insurance. It's more

464
00:24:22,640 --> 00:24:27,560
Speaker 8: a matter of affordability to reduce the cost of flood insurance.

465
00:24:27,800 --> 00:24:30,480
Speaker 8: I think there's a couple of important points here. One

466
00:24:30,520 --> 00:24:32,760
Speaker 8: is we need to reduce the risk, going back to

467
00:24:32,760 --> 00:24:35,320
Speaker 8: the earlier points. To the extent that the reduce the

468
00:24:35,520 --> 00:24:39,399
Speaker 8: risk is reduced, those flood insurance premiums will be more affordable.

469
00:24:40,000 --> 00:24:42,640
Speaker 8: The second point, though, since we're sitting here in Washington,

470
00:24:43,200 --> 00:24:46,160
Speaker 8: is that we need to reform the National Flood Insurance Program.

471
00:24:46,520 --> 00:24:49,719
Speaker 8: The program is in desperate need of reform. There are

472
00:24:49,720 --> 00:24:52,080
Speaker 8: a dozen or so reforms that have been not only

473
00:24:52,080 --> 00:24:55,080
Speaker 8: floated but proposed by FEMA. If you go to the

474
00:24:55,080 --> 00:24:57,560
Speaker 8: FEMA website, you can actually see the legislative language that

475
00:24:57,600 --> 00:25:00,919
Speaker 8: they have proposed, and yet action has not taken. And

476
00:25:01,080 --> 00:25:04,080
Speaker 8: until those actions are taken, until there's reforms made to

477
00:25:04,119 --> 00:25:06,920
Speaker 8: the National Flood Insurance Program, we're going to be dealing

478
00:25:06,960 --> 00:25:08,800
Speaker 8: with the situation again and again in the future.

479
00:25:08,840 --> 00:25:10,080
Speaker 2: So you get to the heart of the matter here,

480
00:25:10,080 --> 00:25:11,440
Speaker 2: and of course that I don't mean to set you

481
00:25:11,520 --> 00:25:15,359
Speaker 2: up with a minute left, but clearly Ashville has shown

482
00:25:15,440 --> 00:25:17,399
Speaker 2: us that something needs to be done. What do you

483
00:25:17,440 --> 00:25:19,000
Speaker 2: do to the flood maps, What do you do to

484
00:25:19,040 --> 00:25:20,680
Speaker 2: the system to make this work better?

485
00:25:21,240 --> 00:25:24,000
Speaker 8: Yeah, the cold, hard truth is only about four percent

486
00:25:24,080 --> 00:25:27,200
Speaker 8: of American households have flood insurance. That's a huge problem,

487
00:25:27,560 --> 00:25:30,000
Speaker 8: and as big of a problem as that is, it's

488
00:25:30,119 --> 00:25:32,800
Speaker 8: much bigger in those areas hardest hit. In North Carolina,

489
00:25:33,200 --> 00:25:36,320
Speaker 8: one percent or less of those households had flood insurag.

490
00:25:36,840 --> 00:25:39,240
Speaker 8: That means they're going to be completely dependent on their

491
00:25:39,280 --> 00:25:44,119
Speaker 8: own savings, on government programs and other community wide, hopefully

492
00:25:44,160 --> 00:25:47,840
Speaker 8: efforts that can help safeguard those individuals. But the reality

493
00:25:47,880 --> 00:25:49,960
Speaker 8: is it's not going to be enough. Those in North

494
00:25:50,000 --> 00:25:53,320
Speaker 8: Carolina are going to have a tough, long recovery.

495
00:25:53,520 --> 00:25:55,080
Speaker 2: So throw the map out and start over.

496
00:25:56,240 --> 00:25:59,400
Speaker 8: I'm just saying something needs to be done. Innovative solutions

497
00:25:59,440 --> 00:26:02,040
Speaker 8: do exist in the flood insurance market. We have community

498
00:26:02,040 --> 00:26:04,920
Speaker 8: based catastrophe insurance that we've been talking about for two

499
00:26:04,960 --> 00:26:07,679
Speaker 8: or three years now. But very few communities are taking

500
00:26:07,760 --> 00:26:11,600
Speaker 8: up these innovative flood programs because either they don't realize

501
00:26:11,640 --> 00:26:15,160
Speaker 8: the risking says, or they've grown dependent on the government programs.

502
00:26:15,720 --> 00:26:17,400
Speaker 2: Really lucky that you came by. We were looking forward

503
00:26:17,440 --> 00:26:19,639
Speaker 2: to the conversation. Daniel, Thank you. Daniel Kanuski is at

504
00:26:19,640 --> 00:26:23,320
Speaker 2: Marshall mcclennan, now public sector Managing Director, but was famous

505
00:26:23,359 --> 00:26:27,000
Speaker 2: Deputy administrator for Resilience. Smart talk here as you would

506
00:26:27,000 --> 00:26:29,280
Speaker 2: expect on Balance of Power, Daniel, thank you, as we

507
00:26:29,320 --> 00:26:32,080
Speaker 2: bring you voices of experience every day here when it

508
00:26:32,119 --> 00:26:35,800
Speaker 2: comes to policy and politics in Washington, we'll have much

509
00:26:35,800 --> 00:26:38,280
Speaker 2: more ahead our signature panels up next, Rick and Jeanie

510
00:26:38,320 --> 00:26:41,400
Speaker 2: alongside Kaylee Lines. I'm Joe Matthew. This is Bloomberg.

511
00:26:45,240 --> 00:26:48,760
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

512
00:26:48,840 --> 00:26:51,919
Speaker 1: us live weekdays at noon Eastern on Applecarplay and then

513
00:26:52,000 --> 00:26:54,959
Speaker 1: roud Otto with the Bloomberg Business app. Listen on demand

514
00:26:55,000 --> 00:26:59,840
Speaker 1: wherever you get your podcasts, or watch us live on YouTube.

515
00:27:01,119 --> 00:27:04,800
Speaker 4: I'm Cailey Lines alongside Joe Matthew here in Washington, where,

516
00:27:04,800 --> 00:27:07,480
Speaker 4: of course we always bring you the latest policy analysis

517
00:27:07,480 --> 00:27:10,199
Speaker 4: and the most relevant polling. As we get closer and

518
00:27:10,240 --> 00:27:12,919
Speaker 4: closer to November fifth, and while we've been looking at

519
00:27:12,920 --> 00:27:17,520
Speaker 4: the breakdown Joe of just Trump voters versus Harris's voters

520
00:27:18,359 --> 00:27:21,640
Speaker 4: and those who still remain undecided. Although that's a very

521
00:27:21,640 --> 00:27:24,880
Speaker 4: small basket, we're talking about there's a lot more nuance

522
00:27:25,000 --> 00:27:28,119
Speaker 4: within these figures than that, including the demographic breakdowns of

523
00:27:28,160 --> 00:27:30,879
Speaker 4: who is supporting who are more importantly, who is choosing

524
00:27:31,000 --> 00:27:34,840
Speaker 4: not to support the other candidate, and numbers we've seen historically.

525
00:27:35,160 --> 00:27:37,639
Speaker 4: We know that there's a big difference in terms of gender,

526
00:27:37,880 --> 00:27:40,280
Speaker 4: men more likely for Trump, women more likely for Harris,

527
00:27:40,320 --> 00:27:43,480
Speaker 4: but also other demographics as well, including black voters and

528
00:27:43,520 --> 00:27:44,280
Speaker 4: Hispanic voters.

529
00:27:44,400 --> 00:27:46,200
Speaker 2: Yeah, you're going into the cross tabs here where things

530
00:27:46,200 --> 00:27:48,600
Speaker 2: get actually interesting and it's really affecting the strategy, the

531
00:27:48,640 --> 00:27:53,000
Speaker 2: travel decisions, the advertising decisions for both campaigns. Is it

532
00:27:53,040 --> 00:27:58,240
Speaker 2: as simple as that? Is this bros versus gals? Because

533
00:27:58,240 --> 00:28:00,240
Speaker 2: when you start reading some of the tipsies this morning,

534
00:28:00,320 --> 00:28:03,200
Speaker 2: you really start to think that Donald Trump is acting

535
00:28:03,240 --> 00:28:05,399
Speaker 2: that way, is going on a series of podcasts and

536
00:28:05,440 --> 00:28:08,600
Speaker 2: interviews that are geared toward young men. Of course, we

537
00:28:08,720 --> 00:28:12,400
Speaker 2: know that Kamala Harris has been doing the exact opposite,

538
00:28:12,400 --> 00:28:15,920
Speaker 2: talking about reproductive rights in some more favorable forums. Last

539
00:28:15,920 --> 00:28:20,879
Speaker 2: evening at the Univision town hall, things got pretty emotional

540
00:28:20,920 --> 00:28:23,040
Speaker 2: as a matter of fact, talking about a lot of

541
00:28:23,119 --> 00:28:26,360
Speaker 2: kitchen table issues. But it was Barack Obama who made

542
00:28:26,359 --> 00:28:28,800
Speaker 2: the headline on his first night out in the series

543
00:28:28,840 --> 00:28:31,880
Speaker 2: of events for Kamala Harris in Pittsburgh, we should hear

544
00:28:31,920 --> 00:28:36,040
Speaker 2: that the former president speaking to young black men about

545
00:28:36,040 --> 00:28:42,520
Speaker 2: their views of Kamala Harris. Let's listen part of it, I'm.

546
00:28:42,320 --> 00:28:47,920
Speaker 9: Speaking two men directly. Part of it, Well, you just

547
00:28:47,960 --> 00:28:54,320
Speaker 9: aren't feeling and you're coming up with other al Harness.

548
00:28:54,400 --> 00:28:58,800
Speaker 9: I'm a breathe explorer. Anybody you are talking to a barbershop,

549
00:28:58,920 --> 00:29:05,560
Speaker 9: anybody who are talk through your house, your family, Uh,

550
00:29:06,680 --> 00:29:13,640
Speaker 9: the church was coming and then you have to ask them,

551
00:29:13,880 --> 00:29:18,480
Speaker 9: well how did that because the women in our lives

552
00:29:18,520 --> 00:29:19,240
Speaker 9: have been in.

553
00:29:19,640 --> 00:29:25,080
Speaker 2: That's this entire time, Barack Obama talking about you just

554
00:29:25,120 --> 00:29:28,160
Speaker 2: aren't feeling the idea of a woman as president. Let's

555
00:29:28,200 --> 00:29:30,640
Speaker 2: assemble our panel. Genie Shanzano is with US and Rick

556
00:29:30,680 --> 00:29:34,560
Speaker 2: Davis Bloomberg Politics Contributors. Genie is Senior Democracy Fellow with

557
00:29:34,600 --> 00:29:36,800
Speaker 2: the Center for the Study of the Presidency in Congress.

558
00:29:37,200 --> 00:29:41,000
Speaker 2: Rick is, of course partner at Stone Court Capital. Surely, Genie,

559
00:29:41,000 --> 00:29:43,640
Speaker 2: it couldn't be as simple as men versus women in

560
00:29:43,640 --> 00:29:47,000
Speaker 2: this campaign, or is it?

561
00:29:47,000 --> 00:29:49,520
Speaker 10: It is a huge gender gap. And I like how

562
00:29:49,560 --> 00:29:52,479
Speaker 10: you said bros versus gals. I mean we are seeing

563
00:29:52,480 --> 00:29:55,160
Speaker 10: it in poll after poll, the New York Times poll,

564
00:29:55,280 --> 00:29:59,360
Speaker 10: the Siena poll, also Quinnipiac in the some of the

565
00:29:59,440 --> 00:30:03,000
Speaker 10: key battle ground states. And I would just add one

566
00:30:03,080 --> 00:30:06,760
Speaker 10: and that is the Harris Harvard Youth poll where they

567
00:30:06,880 --> 00:30:11,320
Speaker 10: show that the divide is enormous, with young people, young

568
00:30:11,440 --> 00:30:15,200
Speaker 10: women going for Harris by almost fifty percent if you

569
00:30:15,240 --> 00:30:19,120
Speaker 10: can believe it. So the divide is real. It is there,

570
00:30:19,600 --> 00:30:21,920
Speaker 10: and you know, I think there's a lot of factors

571
00:30:21,920 --> 00:30:25,200
Speaker 10: that contribute it, to contribute to it rather but one

572
00:30:25,360 --> 00:30:28,160
Speaker 10: that is really important, and I see it with young

573
00:30:28,240 --> 00:30:32,320
Speaker 10: people in the classroom. These two groups are getting information

574
00:30:32,560 --> 00:30:36,920
Speaker 10: from very different media outlets, and I think we need

575
00:30:36,960 --> 00:30:39,920
Speaker 10: more work to back this up, but I would suspect

576
00:30:40,040 --> 00:30:44,000
Speaker 10: the research will show that that is helping drive this division,

577
00:30:44,400 --> 00:30:47,000
Speaker 10: as some of the media outlets where they are depending

578
00:30:47,040 --> 00:30:49,840
Speaker 10: on not just for political news, but news and information

579
00:30:49,920 --> 00:30:53,480
Speaker 10: of all kinds, has embraced political talk in a really

580
00:30:53,520 --> 00:30:54,800
Speaker 10: heightened election year.

581
00:30:56,440 --> 00:30:59,400
Speaker 4: Rick, to bring you into this conversation as we consider

582
00:30:59,480 --> 00:31:02,200
Speaker 4: the message of the reaching out to different demographic groups

583
00:31:02,240 --> 00:31:04,120
Speaker 4: or who they just seem to be doubling down on

584
00:31:04,200 --> 00:31:06,800
Speaker 4: through the selection, say of Jade Vance's vice president you

585
00:31:07,480 --> 00:31:10,120
Speaker 4: might be doubling down on young men, not necessarily trying

586
00:31:10,120 --> 00:31:14,360
Speaker 4: to bring in women alongside. For Kamala Harris, it does

587
00:31:14,400 --> 00:31:17,000
Speaker 4: seem that a bit of work here was delegated to

588
00:31:17,120 --> 00:31:20,160
Speaker 4: Barack Obama, a former president who also happens to be

589
00:31:20,240 --> 00:31:22,800
Speaker 4: a black man. Is he the most effective messenger of

590
00:31:22,840 --> 00:31:26,440
Speaker 4: the Harris campaign has in its corner right now for

591
00:31:26,480 --> 00:31:28,200
Speaker 4: the voters that she does not yet have?

592
00:31:30,080 --> 00:31:33,480
Speaker 11: You know, I think that's a big question that you

593
00:31:33,600 --> 00:31:36,959
Speaker 11: have to even go deeper into the cross stabs. I mean,

594
00:31:37,040 --> 00:31:40,840
Speaker 11: Genie's right, the younger you get, the bigger the divide

595
00:31:40,880 --> 00:31:46,000
Speaker 11: between male and female voters. But then you slice and

596
00:31:46,040 --> 00:31:50,240
Speaker 11: dice that to in the group that the former president

597
00:31:50,360 --> 00:31:53,960
Speaker 11: was referring to as young black men, and young black

598
00:31:54,000 --> 00:31:57,760
Speaker 11: men are a weak spot in the Democratic coalition right now.

599
00:31:57,760 --> 00:32:00,920
Speaker 11: They used to be able to depend upon the homogeneity

600
00:32:00,960 --> 00:32:02,840
Speaker 11: of black vote and that seems to be starting a

601
00:32:02,840 --> 00:32:05,560
Speaker 11: splinter And part of that is because they're getting information

602
00:32:05,840 --> 00:32:08,440
Speaker 11: the young black men from different sources than they used to,

603
00:32:08,880 --> 00:32:10,840
Speaker 11: and a lot of this has emerged over the course

604
00:32:10,840 --> 00:32:14,800
Speaker 11: of this campaign. This was We've always had a functional

605
00:32:15,400 --> 00:32:19,560
Speaker 11: gender gap between Republicans and Democrats, but only a couple

606
00:32:19,640 --> 00:32:23,480
Speaker 11: dozen percent. This is much different than what has existed

607
00:32:23,520 --> 00:32:27,640
Speaker 11: in previous campaigns. So in the case of young black men, yes,

608
00:32:28,160 --> 00:32:32,360
Speaker 11: does that impact young white men the way they hope

609
00:32:32,720 --> 00:32:36,480
Speaker 11: Barack Obama impacts young black men, Probably not young Hispanic men,

610
00:32:36,680 --> 00:32:39,680
Speaker 11: probably a different source. I think ultimately this has got

611
00:32:39,720 --> 00:32:43,480
Speaker 11: to be on Harris's top priority list. You know, she

612
00:32:43,720 --> 00:32:47,720
Speaker 11: has to create the bond between her and these constituencies,

613
00:32:47,760 --> 00:32:50,640
Speaker 11: and they're moving around, and so if she doesn't close

614
00:32:50,720 --> 00:32:54,080
Speaker 11: that deal soon, then she's going to lose them to

615
00:32:54,120 --> 00:32:56,680
Speaker 11: the Republicans and to Donald Trump. And a lot of

616
00:32:56,680 --> 00:33:00,640
Speaker 11: their issues are not the ones the Harris campaign talking about.

617
00:33:00,680 --> 00:33:05,080
Speaker 11: They care about these woke issues. They they're there. They're

618
00:33:05,200 --> 00:33:09,880
Speaker 11: anti transgender, they're you know, anti cancel culture because they've

619
00:33:09,880 --> 00:33:13,080
Speaker 11: been the victims of cancel culture. You know, the TV

620
00:33:13,240 --> 00:33:17,520
Speaker 11: they watch is not acceptable, the foods they eat aren't appropriate,

621
00:33:17,640 --> 00:33:20,440
Speaker 11: the way they exercise is not the right way to

622
00:33:20,440 --> 00:33:22,440
Speaker 11: do it. I mean, like there's a there's a whole

623
00:33:22,480 --> 00:33:25,160
Speaker 11: cause and effect of this, and it's usually cultural issues

624
00:33:25,680 --> 00:33:29,840
Speaker 11: that bring the young male voters into the Republican caucus.

625
00:33:31,160 --> 00:33:33,400
Speaker 2: It's quite a dynamic genie, and I wonder does it

626
00:33:33,440 --> 00:33:36,240
Speaker 2: help Donald Trump to be going to Aurora to talk

627
00:33:36,240 --> 00:33:39,680
Speaker 2: about the border in Venezuelan gangs. When it comes to

628
00:33:40,080 --> 00:33:43,280
Speaker 2: either holding or winning over that demographic.

629
00:33:44,040 --> 00:33:46,240
Speaker 10: Yeah, I mean, this is gonna be what we hear

630
00:33:46,240 --> 00:33:49,200
Speaker 10: from Donald Trump going forward. He is doubling down on

631
00:33:49,240 --> 00:33:53,800
Speaker 10: the base and he has enormous support obviously from non

632
00:33:53,880 --> 00:33:59,240
Speaker 10: college educated white men, particularly young. The challenge for Donald

633
00:33:59,240 --> 00:34:02,080
Speaker 10: Trump with them group is that this is the same

634
00:34:02,200 --> 00:34:06,160
Speaker 10: group that doesn't vote in as large numbers, so that's

635
00:34:06,200 --> 00:34:09,839
Speaker 10: a challenge, and also the challenge that women tend to

636
00:34:09,920 --> 00:34:13,440
Speaker 10: vote more than these men. So those are a couple

637
00:34:13,560 --> 00:34:17,279
Speaker 10: challenges he's facing. And but if anybody can get them out,

638
00:34:17,320 --> 00:34:21,320
Speaker 10: it is Donald Trump. Because you look historically, Donald Trump,

639
00:34:21,360 --> 00:34:24,800
Speaker 10: I think, better than anybody I can remember in recent

640
00:34:24,880 --> 00:34:29,880
Speaker 10: American politics, gets people who aren't energized interested in voting

641
00:34:30,280 --> 00:34:33,080
Speaker 10: out to the polls. So he's able to do it,

642
00:34:33,160 --> 00:34:35,760
Speaker 10: and he's going to try, and that, I fear means

643
00:34:35,760 --> 00:34:37,719
Speaker 10: we will hear a lot more of this doubling down

644
00:34:37,760 --> 00:34:41,040
Speaker 10: on rhetoric. And just to underscore what Rick was talking about,

645
00:34:41,440 --> 00:34:44,360
Speaker 10: the biggest ad that they are spending on right now

646
00:34:44,440 --> 00:34:49,000
Speaker 10: on Trump's side is the anti transgender ad That is

647
00:34:49,040 --> 00:34:53,040
Speaker 10: an ad that has gone you know, viral many social

648
00:34:53,080 --> 00:34:56,520
Speaker 10: media accounts. They've spent big on it, according to ad Impact,

649
00:34:56,880 --> 00:34:58,840
Speaker 10: and that is supposed to do double duty by the

650
00:34:58,840 --> 00:35:01,720
Speaker 10: way of appealing not just to these you know anti

651
00:35:01,800 --> 00:35:03,200
Speaker 10: cancel culture young men.

652
00:35:03,320 --> 00:35:06,920
Speaker 1: You're listening over the Bloomberg Balance of Power podcast just

653
00:35:07,040 --> 00:35:09,880
Speaker 1: Live weekdays at Newneaster on Emo car Play and then

654
00:35:09,960 --> 00:35:12,560
Speaker 1: royd Oro with the Bloomberg Business App. You can also

655
00:35:12,640 --> 00:35:15,799
Speaker 1: listen live on Amazon Alexa from our flagship New York

656
00:35:15,880 --> 00:35:19,280
Speaker 1: station Just Say Alexa playing Bloomberg eleven thirty.

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Speaker 4: That about the advice of Kamala Harris her sheer power

658
00:35:21,840 --> 00:35:24,680
Speaker 4: to invest not only in advertising but also in the

659
00:35:24,719 --> 00:35:27,279
Speaker 4: ground game. As she's raised over a billion dollars since

660
00:35:27,320 --> 00:35:32,160
Speaker 4: becoming the Democratic candidate, what do you see as her

661
00:35:32,200 --> 00:35:34,400
Speaker 4: ability to have something to show for that when what

662
00:35:34,440 --> 00:35:37,280
Speaker 4: we have actually seen, by and large in most polls

663
00:35:37,400 --> 00:35:41,280
Speaker 4: is the race tightening, not materially moving more in her favor.

664
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Speaker 10: Yeah, I mean the billion dollar mark is incredible when

665
00:35:45,800 --> 00:35:47,920
Speaker 10: you think of the short period of time she has

666
00:35:48,040 --> 00:35:50,719
Speaker 10: been in it. I think we always knew this was

667
00:35:50,760 --> 00:35:53,200
Speaker 10: going to be a tight race, and it has remained

668
00:35:53,360 --> 00:35:57,839
Speaker 10: remarkably stable despite the change of one candidate from the

669
00:35:57,840 --> 00:36:00,839
Speaker 10: top to the other. You know, she has just three

670
00:36:00,920 --> 00:36:04,520
Speaker 10: weeks left, so she is going to have to hit hard.

671
00:36:05,080 --> 00:36:08,880
Speaker 10: I think number one on the economy, number two on

672
00:36:08,960 --> 00:36:13,680
Speaker 10: the issue of healthcare tied to reproduction and abortion, and

673
00:36:13,760 --> 00:36:16,120
Speaker 10: she is going to have to try to reach those

674
00:36:16,239 --> 00:36:20,319
Speaker 10: Nicky Haley voters who just can't see themselves voting for

675
00:36:20,440 --> 00:36:23,320
Speaker 10: Trump and are not quite convinced that she's the person

676
00:36:23,400 --> 00:36:26,000
Speaker 10: to do it. She's going to have to also, I

677
00:36:26,000 --> 00:36:29,000
Speaker 10: think go on the offensive against Donald Trump. We haven't

678
00:36:29,000 --> 00:36:31,000
Speaker 10: seen her do that as much, but I think she

679
00:36:31,160 --> 00:36:33,680
Speaker 10: is going to need to do that and let people

680
00:36:33,760 --> 00:36:37,680
Speaker 10: see and remember who Donald Trump is on January sixth

681
00:36:37,760 --> 00:36:40,680
Speaker 10: and those other times. We're just talking about about one

682
00:36:40,680 --> 00:36:45,040
Speaker 10: point five million voters in seven states who still are

683
00:36:45,120 --> 00:36:47,440
Speaker 10: undecided in this race that she needs to reach and

684
00:36:47,520 --> 00:36:50,840
Speaker 10: quite frankly, Donald Trump needs to reach as well.

685
00:36:51,000 --> 00:36:53,439
Speaker 2: Rick Jenny just said an important name we haven't heard

686
00:36:53,600 --> 00:36:55,680
Speaker 2: in a bit, and that's Nicky Haley. I think it

687
00:36:55,719 --> 00:36:58,359
Speaker 2: was just last weekend Liz Cheney was on stage with

688
00:36:58,480 --> 00:37:00,759
Speaker 2: Kamala Harris. Correct me if it was two weekends ago.

689
00:37:00,800 --> 00:37:03,560
Speaker 2: It's all just kind of a blur at this point,

690
00:37:03,680 --> 00:37:07,160
Speaker 2: and the hope was to unlock that vote, to let

691
00:37:07,200 --> 00:37:10,400
Speaker 2: them know former Nikki Haley supporters that it was safe

692
00:37:10,840 --> 00:37:13,560
Speaker 2: to vote for Kamala Harris. How large is this group?

693
00:37:13,680 --> 00:37:15,560
Speaker 2: How important will it be in November?

694
00:37:16,840 --> 00:37:19,600
Speaker 11: Yeah, when I asked pollsters that question, you know, how

695
00:37:19,680 --> 00:37:24,400
Speaker 11: much Nikki Haley vote may be available to a Harris candidacy,

696
00:37:24,960 --> 00:37:27,680
Speaker 11: you know, they plug it in as about ten percent,

697
00:37:28,360 --> 00:37:31,880
Speaker 11: you know, And that's an extrapolation of numbers based on

698
00:37:31,960 --> 00:37:34,560
Speaker 11: what we saw the vote against Donald Trump late in

699
00:37:34,600 --> 00:37:38,239
Speaker 11: the primary season for Nicki Haley, things like that, And

700
00:37:38,280 --> 00:37:41,719
Speaker 11: so it's a big chunk. There's no question that it

701
00:37:41,760 --> 00:37:46,680
Speaker 11: could be a material difference. State by state would have

702
00:37:46,719 --> 00:37:48,960
Speaker 11: a different impact based on, you know, the amount of

703
00:37:49,640 --> 00:37:52,000
Speaker 11: campaigning and name I d that Nikki Haley had in

704
00:37:52,000 --> 00:37:56,839
Speaker 11: places like Pennsylvania or Michigan. So so it's not immaterial,

705
00:37:57,000 --> 00:37:59,839
Speaker 11: But it's also one of these hardest votes to get

706
00:38:00,000 --> 00:38:02,560
Speaker 11: because you're really trying to get a functional Republican to

707
00:38:02,640 --> 00:38:07,680
Speaker 11: vote for a Democrat. And obviously, using the Cheneese and

708
00:38:08,239 --> 00:38:13,520
Speaker 11: other Republicans who have endorsed Nikki Hailey or Harris as

709
00:38:13,840 --> 00:38:17,400
Speaker 11: a permission structure to do that has worked in the

710
00:38:17,440 --> 00:38:21,719
Speaker 11: past for Biden. But that's a big question right now.

711
00:38:22,000 --> 00:38:25,360
Speaker 11: I think what's really most amazing is just how hard

712
00:38:25,400 --> 00:38:28,759
Speaker 11: the campaigns are working to get people to expand the

713
00:38:28,880 --> 00:38:32,120
Speaker 11: base of this electorate. It's not so much who's already

714
00:38:32,120 --> 00:38:35,640
Speaker 11: available in making up their minds, it's who's never voted

715
00:38:35,840 --> 00:38:38,560
Speaker 11: and are going to show up this time, and that's inefficient.

716
00:38:39,000 --> 00:38:42,840
Speaker 4: All right, Very good point from Rick Davis. As always,

717
00:38:42,880 --> 00:38:45,040
Speaker 4: thank you so much. Alongside g Schanzeno.

718
00:38:48,760 --> 00:38:52,239
Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ketch

719
00:38:52,360 --> 00:38:55,239
Speaker 1: just live weekdays at noon Eastern on APO CarPlay and

720
00:38:55,280 --> 00:38:57,960
Speaker 1: then Proud Otto with the Bloomberg Business app. Listen on

721
00:38:58,080 --> 00:39:01,239
Speaker 1: demand wherever you get your podcast are watch us live

722
00:39:01,360 --> 00:39:04,320
Speaker 1: on YouTube.

723
00:39:04,719 --> 00:39:07,600
Speaker 2: There's a lot I wanted to talk about with Aisha Mills.

724
00:39:08,000 --> 00:39:09,920
Speaker 2: This is where we're going to start our conversation. The

725
00:39:09,960 --> 00:39:14,000
Speaker 2: democratic political strategist and social impact advisor is back with

726
00:39:14,080 --> 00:39:16,360
Speaker 2: us here on Bloomberg. Aisha, I'm happy to see you.

727
00:39:17,120 --> 00:39:19,600
Speaker 2: Thanks for coming on. We talked a couple of days

728
00:39:19,600 --> 00:39:24,319
Speaker 2: back about this idea of the former president visiting Springfield, Ohio, or,

729
00:39:24,320 --> 00:39:28,399
Speaker 2: in the case of today, Aurora, Colorado. He's talked about

730
00:39:28,480 --> 00:39:30,960
Speaker 2: Venezuela and gang's taking over the town, and this is

731
00:39:32,000 --> 00:39:34,399
Speaker 2: an opportunity, I guess for the campaign to talk about

732
00:39:34,440 --> 00:39:36,160
Speaker 2: border security. And I'm sure we're going to hear a

733
00:39:36,160 --> 00:39:39,960
Speaker 2: lot about Kamala Harris as the so called borders are.

734
00:39:40,360 --> 00:39:42,239
Speaker 2: What is this doing to the campaign?

735
00:39:42,280 --> 00:39:42,440
Speaker 5: Though?

736
00:39:42,480 --> 00:39:46,040
Speaker 2: And from a strategic standpoint, We're not spending time in

737
00:39:46,120 --> 00:39:49,240
Speaker 2: swing states here, We're going to Aurora to make what point.

738
00:39:51,040 --> 00:39:53,080
Speaker 12: You know, Look, there are so many things that we

739
00:39:53,120 --> 00:39:57,080
Speaker 12: could actually be talking about subsnatively with regards to our

740
00:39:57,200 --> 00:40:01,600
Speaker 12: immigration policies generally and the root causes of migration to

741
00:40:01,640 --> 00:40:05,840
Speaker 12: the United States and the economic impact of that. Right Like,

742
00:40:05,880 --> 00:40:09,360
Speaker 12: there are some real conversations to be had. Kamala Harris

743
00:40:09,560 --> 00:40:12,799
Speaker 12: was actually charged with thinking about and figuring out what

744
00:40:12,880 --> 00:40:15,040
Speaker 12: those root causes were, trying to come up with some

745
00:40:15,080 --> 00:40:19,160
Speaker 12: diplomatic approach with Central American countries, with Mexico to be

746
00:40:19,239 --> 00:40:22,000
Speaker 12: able to stem the crisis that is sending people here,

747
00:40:22,280 --> 00:40:25,560
Speaker 12: and then certainly to make sure that where we need

748
00:40:25,600 --> 00:40:27,319
Speaker 12: to be tough in our laws, that we are not

749
00:40:27,520 --> 00:40:30,000
Speaker 12: bringing folks here who are going to do Americans harm

750
00:40:30,080 --> 00:40:33,560
Speaker 12: in any way, right, that we are not emboldening sex

751
00:40:33,640 --> 00:40:36,839
Speaker 12: trafficking or drug trafficking. Or on and on and on. Right,

752
00:40:37,200 --> 00:40:41,880
Speaker 12: there are conversations that I absolutely agree matter to Americans

753
00:40:41,880 --> 00:40:45,560
Speaker 12: that are important to have about immigration. What we shouldn't

754
00:40:45,600 --> 00:40:52,040
Speaker 12: be doing is demonizing, stereotyping people based on falsehoods and

755
00:40:52,320 --> 00:40:55,040
Speaker 12: just flat out lies. And I think that, you know,

756
00:40:55,160 --> 00:40:59,080
Speaker 12: that is one of the problems with the Republicans and

757
00:40:59,080 --> 00:41:02,040
Speaker 12: certainly with the Trump campaign, is that they are missing

758
00:41:02,120 --> 00:41:06,040
Speaker 12: an opportunity to have a real conversation about immigration in

759
00:41:06,080 --> 00:41:08,960
Speaker 12: the United States, that we can all find some common

760
00:41:09,000 --> 00:41:13,480
Speaker 12: ground around solutions, and instead they are literally talking about

761
00:41:13,520 --> 00:41:18,520
Speaker 12: people as if they are villains, as if they are criminals.

762
00:41:18,800 --> 00:41:22,480
Speaker 12: They are making up lies about entire populations of people,

763
00:41:22,560 --> 00:41:25,000
Speaker 12: and they're doing it in a way that is lifting

764
00:41:25,080 --> 00:41:29,160
Speaker 12: up this trope of nationalism and frankly white nationalism that

765
00:41:29,239 --> 00:41:32,080
Speaker 12: I don't think that most people agree with in this country.

766
00:41:32,320 --> 00:41:34,640
Speaker 12: I think it's toxic, and I don't think that it's

767
00:41:34,640 --> 00:41:36,360
Speaker 12: going to win them any favors or any votes.

768
00:41:37,400 --> 00:41:39,480
Speaker 2: I guess I'm just trying to figure the strategy here.

769
00:41:39,520 --> 00:41:43,560
Speaker 2: Donald Trump says that the city has turned into a

770
00:41:43,680 --> 00:41:45,640
Speaker 2: war zone. Those are the words that he used. So

771
00:41:45,840 --> 00:41:48,520
Speaker 2: I went on Google earlier with producer James and we

772
00:41:48,600 --> 00:41:51,960
Speaker 2: checked out the Gaylord Rockies Resort and Convention Center, where

773
00:41:51,960 --> 00:41:54,359
Speaker 2: he's going to be holding his rally later on. It's

774
00:41:54,520 --> 00:41:57,600
Speaker 2: really nice. I'd kind of love to go there for

775
00:41:57,640 --> 00:42:01,160
Speaker 2: a weekend. I have to admit issue, What is the

776
00:42:01,200 --> 00:42:06,480
Speaker 2: purpose of demonizing a city like this? He talked last evening.

777
00:42:06,560 --> 00:42:08,960
Speaker 2: We'll get to this in a minute about he was

778
00:42:09,040 --> 00:42:11,520
Speaker 2: in Detroit. He's talking about, you know, how awful it

779
00:42:11,520 --> 00:42:13,480
Speaker 2: would be to make the whole country like Detroit. I

780
00:42:13,480 --> 00:42:15,799
Speaker 2: guess that it's counterintuitive to me in a race that

781
00:42:15,880 --> 00:42:19,960
Speaker 2: is so close. Why we're using this method instead of

782
00:42:20,040 --> 00:42:22,400
Speaker 2: talking about, say the economy.

783
00:42:23,440 --> 00:42:27,080
Speaker 12: Yeah, well, listen, I appreciate you doing your due diligence

784
00:42:27,080 --> 00:42:29,600
Speaker 12: and homework to get a sense of where it is

785
00:42:29,760 --> 00:42:33,120
Speaker 12: that Donald Trump is standing when he's actually making all

786
00:42:33,160 --> 00:42:37,120
Speaker 12: of these accusations right, and assertions about the world. Here's

787
00:42:37,160 --> 00:42:39,680
Speaker 12: the thing. I live in a real community that happens

788
00:42:39,719 --> 00:42:43,760
Speaker 12: to be a low income city in America, not unlike

789
00:42:43,840 --> 00:42:46,640
Speaker 12: a Detroit. We are going through a lot of evolution

790
00:42:46,760 --> 00:42:49,760
Speaker 12: and changes. I am on the ground here with real people.

791
00:42:49,800 --> 00:42:52,800
Speaker 12: We are walking the streets, living our lives. We understand crime,

792
00:42:52,840 --> 00:42:55,840
Speaker 12: we understand education, we understand the need for healthcare, for jobs,

793
00:42:55,880 --> 00:42:59,640
Speaker 12: all those things. Donald Trump is making these accusations and

794
00:42:59,680 --> 00:43:03,160
Speaker 12: coming up with these false narratives from mar A Lago,

795
00:43:03,560 --> 00:43:08,759
Speaker 12: his mansion, from golf courses that he owns, from beautiful

796
00:43:09,160 --> 00:43:11,520
Speaker 12: hotels like the one that you see that he's going

797
00:43:11,560 --> 00:43:14,280
Speaker 12: to be doing this rally out there. He is standing

798
00:43:14,320 --> 00:43:18,920
Speaker 12: in a place of elitism, making accusations about what's happening

799
00:43:19,239 --> 00:43:21,720
Speaker 12: in on Main Street right a place that he doesn't

800
00:43:21,719 --> 00:43:25,160
Speaker 12: actually go. And the reason why, to your point strategically

801
00:43:25,239 --> 00:43:27,759
Speaker 12: is that, look, we are twenty days out from, you know,

802
00:43:27,920 --> 00:43:30,799
Speaker 12: from the actual election day. We people are voting right

803
00:43:30,840 --> 00:43:33,839
Speaker 12: now all around this country, and the way the path

804
00:43:33,920 --> 00:43:36,360
Speaker 12: to two seventy to be able to win this election

805
00:43:36,600 --> 00:43:39,000
Speaker 12: is really at this point a turnout game. It's about

806
00:43:39,040 --> 00:43:41,200
Speaker 12: getting your base out to vote. Kamala Harris is out

807
00:43:41,200 --> 00:43:44,040
Speaker 12: there talking to everybody that she possibly can that is

808
00:43:44,040 --> 00:43:46,160
Speaker 12: going to come out and vote for her. We're kind

809
00:43:46,160 --> 00:43:48,680
Speaker 12: of outside of a place now of moving new people,

810
00:43:49,120 --> 00:43:51,719
Speaker 12: and I believe that what he is doing is he's

811
00:43:51,760 --> 00:43:54,720
Speaker 12: trying to stoke his base. Now it's a very narrow

812
00:43:54,800 --> 00:44:00,000
Speaker 12: swath of Americans, but they are very religiously having feels

813
00:44:00,360 --> 00:44:02,120
Speaker 12: to him and are going to show up for him.

814
00:44:02,400 --> 00:44:05,920
Speaker 12: So he makes up these stories about how frankly brown

815
00:44:06,000 --> 00:44:09,839
Speaker 12: people coming to the United States are doing harm to

816
00:44:09,920 --> 00:44:13,279
Speaker 12: his base of you know, white working class Americans in

817
00:44:13,360 --> 00:44:14,920
Speaker 12: order to get them briled up to make sure that

818
00:44:14,960 --> 00:44:16,879
Speaker 12: they come out and vote. And you know, he thinks

819
00:44:16,920 --> 00:44:19,560
Speaker 12: it's a winning strategy. Did in twenty sixteen, didn't work

820
00:44:19,600 --> 00:44:21,000
Speaker 12: in twenty twenty, and I don't think it's going to

821
00:44:21,040 --> 00:44:21,640
Speaker 12: work this time.

822
00:44:22,880 --> 00:44:24,960
Speaker 2: All right, Let's turn to the other campaign, and that

823
00:44:25,080 --> 00:44:28,280
Speaker 2: is the Harris campaign. And what well, frankly just broadly

824
00:44:28,880 --> 00:44:32,640
Speaker 2: political is labeling it the Bros. Campaign. Today they're both

825
00:44:32,800 --> 00:44:37,920
Speaker 2: fighting over young men, more deliberately over young men of

826
00:44:38,000 --> 00:44:41,359
Speaker 2: color and Aisha. We heard from Barack Obama last night.

827
00:44:41,400 --> 00:44:44,560
Speaker 2: He started the series of events he's doing next four

828
00:44:44,600 --> 00:44:48,800
Speaker 2: weeks for Kamala Harris in Pittsburgh. Listen to this sound

829
00:44:48,840 --> 00:44:52,200
Speaker 2: of the former president speaking to young men about their

830
00:44:52,239 --> 00:44:58,640
Speaker 2: perceptions of Kamala Harris.

831
00:45:00,960 --> 00:45:05,080
Speaker 9: Part of it basically, well, you just are a feeling

832
00:45:05,560 --> 00:45:09,400
Speaker 9: and the other man a woman president, and you're coming

833
00:45:09,440 --> 00:45:13,600
Speaker 9: up with other alternis on areas exported, anybody you are

834
00:45:13,680 --> 00:45:18,160
Speaker 9: talking to, any barbershop, anybody you are talking to in

835
00:45:18,239 --> 00:45:25,320
Speaker 9: your house, in your family, at church was coming with that.

836
00:45:27,200 --> 00:45:31,799
Speaker 9: I think you have to ask them, well, how can

837
00:45:31,880 --> 00:45:35,160
Speaker 9: that be, because the women in our lives have been

838
00:45:35,440 --> 00:45:37,399
Speaker 9: in our backs this entire time.

839
00:45:38,760 --> 00:45:40,239
Speaker 2: That might have been a little bit difficult to hear.

840
00:45:40,280 --> 00:45:43,160
Speaker 2: He was in a campaign headquarters there speaking a bit

841
00:45:43,200 --> 00:45:46,560
Speaker 2: off Mike that you just aren't feeling the idea of

842
00:45:46,600 --> 00:45:50,080
Speaker 2: a woman as president. He said, Ayesha, how real is this?

843
00:45:51,200 --> 00:45:53,640
Speaker 12: I think that's very real. It's very real. Look, we

844
00:45:53,760 --> 00:45:56,320
Speaker 12: have not had a woman president in the United States,

845
00:45:56,440 --> 00:46:00,680
Speaker 12: and when you listen to the rhetoric that is happening

846
00:46:00,760 --> 00:46:04,239
Speaker 12: on one side, it's really a hearken to whatever may

847
00:46:04,600 --> 00:46:07,680
Speaker 12: make America great again means. But it's this idea that

848
00:46:07,719 --> 00:46:13,000
Speaker 12: women are subservient, that women shouldn't have bodily autonomy, right.

849
00:46:13,080 --> 00:46:16,239
Speaker 12: The assault on abortion rights is really an assault on

850
00:46:16,320 --> 00:46:19,920
Speaker 12: women's ability to manage our own health care. That women

851
00:46:19,960 --> 00:46:22,799
Speaker 12: who don't have children and a husband are useless and

852
00:46:22,880 --> 00:46:25,160
Speaker 12: have no purpose in nothing to live for. These are

853
00:46:25,239 --> 00:46:27,439
Speaker 12: things that are coming out or the other side. There's

854
00:46:27,480 --> 00:46:31,080
Speaker 12: a real sexism and a real patriarchy that are still

855
00:46:31,160 --> 00:46:33,680
Speaker 12: part of the undercurrent of our society, whether we like

856
00:46:33,719 --> 00:46:35,319
Speaker 12: it or not. Right, whether we want to admit it

857
00:46:35,400 --> 00:46:38,080
Speaker 12: or not. And I think what Barack Obama is saying,

858
00:46:38,080 --> 00:46:39,799
Speaker 12: and what he's always said having been raised by a

859
00:46:39,800 --> 00:46:42,440
Speaker 12: single mother, is like, look, we've got to remember that

860
00:46:42,480 --> 00:46:46,839
Speaker 12: the women in our lives have raised us, supported us,

861
00:46:46,880 --> 00:46:48,640
Speaker 12: are the ones who are out there in the world,

862
00:46:48,719 --> 00:46:51,439
Speaker 12: more than half the population of America, by the way,

863
00:46:51,840 --> 00:46:55,160
Speaker 12: doing the hard work and order for us to be great.

864
00:46:55,520 --> 00:46:58,640
Speaker 12: So why would we have any blink of an eye

865
00:46:58,920 --> 00:47:01,560
Speaker 12: about a woman leading this country as president of the

866
00:47:01,640 --> 00:47:05,880
Speaker 12: United States. It's an important conversation to have because there

867
00:47:05,880 --> 00:47:08,799
Speaker 12: are so many other messages that are being pushed to

868
00:47:08,880 --> 00:47:11,719
Speaker 12: suggest that women's place is only in the home, and

869
00:47:11,800 --> 00:47:14,040
Speaker 12: that if she's single and has cats, then she is

870
00:47:14,160 --> 00:47:17,400
Speaker 12: useless and you know, not healthy for society, and that

871
00:47:17,440 --> 00:47:19,560
Speaker 12: all she should be doing is raising kids, when in

872
00:47:19,600 --> 00:47:21,960
Speaker 12: fact that isn't true. And so that's what you're hearing

873
00:47:21,960 --> 00:47:25,839
Speaker 12: this appeal to men to be reminded that men, you know,

874
00:47:26,040 --> 00:47:29,200
Speaker 12: you have mothers, you have sisters, many of them have

875
00:47:29,440 --> 00:47:33,920
Speaker 12: daughters themselves. That the world moves, their world moves because

876
00:47:33,920 --> 00:47:35,680
Speaker 12: of women and because of the strength of women, and

877
00:47:35,760 --> 00:47:37,600
Speaker 12: certainly we can have a president that's a woman.

878
00:47:38,760 --> 00:47:41,759
Speaker 2: Well, look at the Trump strategy here. This is I

879
00:47:41,840 --> 00:47:44,920
Speaker 2: mentioned the battle for the bros. This is political writing.

880
00:47:44,960 --> 00:47:49,120
Speaker 2: They refer to the NLK boys. Producer James had to

881
00:47:49,120 --> 00:47:51,839
Speaker 2: tell me who that was. Pro Trump millennial pranksters with

882
00:47:51,880 --> 00:47:54,560
Speaker 2: more than eight million YouTube subscribers. These guys do like

883
00:47:55,160 --> 00:47:59,000
Speaker 2: college drinking games or whatever on YouTube, launching a multimillion

884
00:47:59,080 --> 00:48:03,279
Speaker 2: dollar voter registration campaign aisha. They plan to capitalize on

885
00:48:03,320 --> 00:48:08,560
Speaker 2: college football game tailgates, gaming sites, male friendly podcasts, even

886
00:48:08,680 --> 00:48:12,279
Speaker 2: Tender and another podcast I can't even read on the air.

887
00:48:13,120 --> 00:48:15,520
Speaker 2: He's going for broke on this. What's Kamala Harris doing?

888
00:48:16,600 --> 00:48:18,680
Speaker 12: You know, listen, But let's talk about that going for

889
00:48:18,760 --> 00:48:21,560
Speaker 12: broke though, because it's such a broken sense of masculinity

890
00:48:21,600 --> 00:48:24,000
Speaker 12: and bros and who bros are, right, like, when you

891
00:48:24,040 --> 00:48:28,080
Speaker 12: look at the two the men who are present on

892
00:48:28,160 --> 00:48:31,319
Speaker 12: either side, the Democratic ticket or the Republican ticket, when

893
00:48:31,320 --> 00:48:33,640
Speaker 12: you look at who Donald Trump is advertising to. With

894
00:48:33,680 --> 00:48:38,160
Speaker 12: all of that, their conversation is very much a patriarchal

895
00:48:38,200 --> 00:48:41,279
Speaker 12: old school like man that does locker room talk right,

896
00:48:41,440 --> 00:48:44,919
Speaker 12: that is held liable for sexual assault because you should

897
00:48:44,920 --> 00:48:47,120
Speaker 12: be able to do whatever you want to a moment, right,

898
00:48:47,200 --> 00:48:49,959
Speaker 12: And it's all just locker room talk. Saying nasty things,

899
00:48:50,000 --> 00:48:53,320
Speaker 12: being a bully, being a bully. Really, on the other side,

900
00:48:53,360 --> 00:48:57,600
Speaker 12: you've got Doug Kamala's husband, right, who's a kind, compassionate

901
00:48:57,640 --> 00:49:01,520
Speaker 12: guy who's a father figure. You've got Governor walt Coach

902
00:49:01,640 --> 00:49:05,480
Speaker 12: Waltz who is is a veteran and also a coach

903
00:49:05,560 --> 00:49:08,239
Speaker 12: and a teacher and tender and kindness. So I think

904
00:49:08,239 --> 00:49:11,439
Speaker 12: that this idea of a bro is really something that's

905
00:49:11,480 --> 00:49:14,120
Speaker 12: on the ballot right now. The definition of a bro

906
00:49:14,320 --> 00:49:18,479
Speaker 12: is it Ted Lasso, who is a kind, compassionate football guy, right,

907
00:49:18,760 --> 00:49:24,279
Speaker 12: But someone who is taking that and that's the thing

908
00:49:24,320 --> 00:49:25,920
Speaker 12: that's going to be on the ballot is this, Do

909
00:49:25,960 --> 00:49:28,959
Speaker 12: we want a small segment of the population that still

910
00:49:28,960 --> 00:49:30,759
Speaker 12: thinks that we should have locker room talk and be

911
00:49:30,840 --> 00:49:33,759
Speaker 12: bullies and nasty and that's who they're appealing to, or

912
00:49:33,760 --> 00:49:37,200
Speaker 12: do we believe that like men are decent, kind, respectful,

913
00:49:37,200 --> 00:49:40,120
Speaker 12: wholesome humans. Right. We'll see how that plays out, but

914
00:49:40,160 --> 00:49:42,920
Speaker 12: that's who they're going after with those ads for sure.

915
00:49:43,160 --> 00:49:46,360
Speaker 12: Is that small segment of the bully population of bros.

916
00:49:47,880 --> 00:49:50,160
Speaker 2: Are we getting Ted Lasso on James? I feel like

917
00:49:50,200 --> 00:49:51,759
Speaker 2: that would be a great show. Are we working on

918
00:49:51,880 --> 00:49:55,279
Speaker 2: that come back? On issue with Ted Lasso's son. Great

919
00:49:55,320 --> 00:49:57,800
Speaker 2: to talk to you. As always, Aisha Mill's democratic political

920
00:49:57,880 --> 00:50:06,319
Speaker 2: strategists social impact advice her with usun Bloomberg. Thanks for

921
00:50:06,360 --> 00:50:09,480
Speaker 2: listening to the Balance of Power podcast. Make sure to

922
00:50:09,480 --> 00:50:12,680
Speaker 2: subscribe if you haven't already, at Apple, Spotify, or wherever

923
00:50:12,680 --> 00:50:15,279
Speaker 2: you get your podcasts, and you can find us live

924
00:50:15,360 --> 00:50:19,880
Speaker 2: every weekday from Washington, DC at Noontimeeastern at Bloomberg dot com.