WEBVTT - 39: What Al Franken Really Thinks About Deadlock in Washington

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<v Speaker 1>There's like we have our own themes dong, so it's

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<v Speaker 1>like now you can listen to it, I can just

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<v Speaker 1>sing it. That was beautiful. Thanks hi, and welcome back

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<v Speaker 1>to Bloomberg Benchmark, a show about the global economy. It

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<v Speaker 1>is Thursday May. I'm Tory stillwell and economics reporter with

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<v Speaker 1>Bloomberg News and I am holding it down solo today,

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<v Speaker 1>but there are two special guests with me in the

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<v Speaker 1>studio here in DC to help me talk about our

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<v Speaker 1>topic for the day, which is all about the Supreme Court.

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<v Speaker 1>With Donald Trump now the Republican Party's presumptive nominee for

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<v Speaker 1>the presidency, the debate about the vacancy on the Supreme

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<v Speaker 1>Court is ramping back up. As you may know, there's

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<v Speaker 1>been an opening for the ninth seat on the highest

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<v Speaker 1>court in the land ever since Associate Justice Antonin Scalia

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<v Speaker 1>died in February, and in a nutshell, Democrats would like

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<v Speaker 1>to fill out with Merrick Garland, picked by President Barack Obama,

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<v Speaker 1>while Republicans believe whoever wins this year's election should get

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<v Speaker 1>to fill the vacancy. One of the less looked at

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<v Speaker 1>aspects of debate, though, is how this vacancy could affect

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<v Speaker 1>the US economy's business sector. It's sort of a weird

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<v Speaker 1>time for the economy right now, if you hadn't noticed.

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<v Speaker 1>Where in the middle of an election season. So business

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<v Speaker 1>leaders are are already wondering what sorts of new regulations

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<v Speaker 1>might come down the pike. The Federal Reserve is deciding

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<v Speaker 1>whether to raise interest rates again in June for the

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<v Speaker 1>second time. And to top it all off, having a

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<v Speaker 1>vacancy on the Supreme Court generates its own amount of

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<v Speaker 1>uncertainty when businesses aren't quite sure how the Court will

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<v Speaker 1>lean on different issues. So before we get too far

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<v Speaker 1>into this, I'm going to introduce our guests. First off,

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<v Speaker 1>we've got Senator Al Franken, the junior Democratic Senator from Minnesota.

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<v Speaker 1>He is a member of the Senate Judiciary Committee and

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<v Speaker 1>presided over the confirmation votes of Supreme Court Justices Sonya

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<v Speaker 1>Soto Mayor and Elena Kagan, and you may also remember

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<v Speaker 1>him from his days on Saturday Night Live in the

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<v Speaker 1>seventies and eighties. Welcome, Senator, Thank you. But when I

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<v Speaker 1>presided over those I was in the chair presiding. It

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<v Speaker 1>was actually a coincidence that I ended up being in

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<v Speaker 1>the chair when both Justice son of my heir and

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<v Speaker 1>Justice Kagan were confirmed. It was it was neat. It

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<v Speaker 1>was neat, you know. And I had just kind of

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<v Speaker 1>gotten there with the son of mayor. And we've also

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<v Speaker 1>got Greg's store here with us. Who is Bloomberg's rock

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<v Speaker 1>star Supreme Court reporter. He has been with us since

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<v Speaker 1>shortly after he graduated from Harvard Law. Welcome, Greg, I

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<v Speaker 1>thank story good to be here. And I just want

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<v Speaker 1>to say that I I asked to have the Supreme

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<v Speaker 1>Court beat. It wasn't just given to me because it

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<v Speaker 1>was the only thing Harvard Law school. So you were

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<v Speaker 1>kind of like a lawyer kind of guy. I was

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<v Speaker 1>kind of a lawyer. That's and you're a rock star, evidently,

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<v Speaker 1>I think I think a metaphorical I actually have no

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<v Speaker 1>musical talent. Well, let's jump in to sort of what's

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<v Speaker 1>going on with the Supreme Court these days and how

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<v Speaker 1>we got here. I feel like Greg gear pretty well

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<v Speaker 1>equipped to walk us through the path here. Well. Justice

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<v Speaker 1>Scalia was was really a kind of a conservative icon.

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<v Speaker 1>He was really the kind of the anchor of the courts.

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<v Speaker 1>Conservative wing believed in interpreting the Constitution and accordance with

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<v Speaker 1>with the original meaning of its words, interpreted statutes very strictly,

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<v Speaker 1>and when we're talking about business cases, very often ended

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<v Speaker 1>up on the conservative side, corporate. But he he was.

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<v Speaker 1>He was very often on business side. But so many

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<v Speaker 1>Supreme Court cases don't divide along those lines. They are

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<v Speaker 1>not the ideological cases that that we get in with,

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<v Speaker 1>you know, abortion, affirmative action. You know, a lot of

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<v Speaker 1>times they'll be seven to two decisions or nine nine

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<v Speaker 1>to nothing decisions. But it's it's fair to say he

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<v Speaker 1>more often than not was on the business side when

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<v Speaker 1>it was say a business versus consumer dispute. Sure. What's

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<v Speaker 1>interesting is I hear sometimes and I've heard this in

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<v Speaker 1>the Judiciary Committee when we've been discussing their unwillingness to

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<v Speaker 1>have hearings for for Garland. But I've heard um Scalia

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<v Speaker 1>being by Republicans described as not an activist judge, and

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<v Speaker 1>I found him very activist. Where did you find him? Activists? What? What?

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<v Speaker 1>What areas are you thinking about? Well, for example, overturning

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<v Speaker 1>the Voting Rights Act, This was something that I mean,

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<v Speaker 1>my understanding of activists is a justice who will overturn

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<v Speaker 1>uh for example, a law that passed the Senate unanimously

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<v Speaker 1>as the Voting Rights Acted. Yes, that's the point. In

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<v Speaker 1>other words, I you hear very often from republic alkins. Well, um,

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<v Speaker 1>I you know, I don't want an actor. I don't

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<v Speaker 1>want I want to, let you know, legislative bodies to

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<v Speaker 1>make the laws, not the court. And so I want

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<v Speaker 1>I don't wanna, you know, I want. I don't want

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<v Speaker 1>an activist judge. I want to judge like Justice Scalia,

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<v Speaker 1>who had such contempt for the Senate. He said that

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<v Speaker 1>the Congress had passed the Voting Rights Act because of

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<v Speaker 1>its name. You remember him saying that, because I'm sorry,

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<v Speaker 1>because of it because of its name. Yes, because yes,

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<v Speaker 1>in the arguments, he well to me that that was

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<v Speaker 1>an incredibly telling remark, that he has such little regard

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<v Speaker 1>for Congress. That Congress had virtually unanimously and it was

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<v Speaker 1>unanimously in the Senate, or at least with no sent

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<v Speaker 1>had voted for the Voting Rights Act, that that he

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<v Speaker 1>voted overturned. But he said that, well, you know, with

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<v Speaker 1>a name like the Voting Rights Act, they had to

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<v Speaker 1>vote for it. They felt, you know, because they're stupid.

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<v Speaker 1>I mean, it was it was so much contempt for

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<v Speaker 1>Congress that to me, I don't understand when some of

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<v Speaker 1>my Republican colleagues say that he was the opposite of

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<v Speaker 1>an activist judge. To me, he was a very activist judge,

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<v Speaker 1>and this has been an activist court as far as

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<v Speaker 1>I'm concerned. I want to read it in for just

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<v Speaker 1>a second so we can get to Merrick Garland, who

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<v Speaker 1>I think is very interesting and we'd love to hear

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<v Speaker 1>your thoughts on him as well. So Obama has nominated

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<v Speaker 1>him to fill Scleeze vacancy, and it's unclear what's going

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<v Speaker 1>to happen there. We're hearing a lot of different scenarios

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<v Speaker 1>play out. And you've met with him, right, Yes, what

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<v Speaker 1>were your impressions? He pretty much was what I had

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<v Speaker 1>been totally was. He seemed like very smart, very um

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<v Speaker 1>a good guy, just like you know when the administration

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<v Speaker 1>called me before his appointment or before his nomination, uh

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<v Speaker 1>saying you know, who do you want to see or

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<v Speaker 1>I said, I I don't have a person, but i'd

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<v Speaker 1>like someone who after hearings that the American people would say,

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<v Speaker 1>I want nine of those. And what I asked him

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<v Speaker 1>about he has been he has a reputation, he's chief

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<v Speaker 1>judge of the m d C Circuit and which is

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<v Speaker 1>essentially the second accord in the nation. And he has

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<v Speaker 1>a reputation as being a consensus judge. And what I

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<v Speaker 1>asked him about is how do you do that? How

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<v Speaker 1>do you arrive at consensus? His approach was very sensible

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<v Speaker 1>and very smart, and he just seems like a pretty

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<v Speaker 1>brilliant by all um all accounts. He's a you know,

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<v Speaker 1>Roberts said, when you disagree with him, you're in You're

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<v Speaker 1>in bad You're not in a good position. So bipartisan

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<v Speaker 1>appeal here, yeah, oron Hatch and or Orange Hatch had

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<v Speaker 1>nice things to say about him earlier. He when there

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<v Speaker 1>was another vacancy a number of years ago, or in

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<v Speaker 1>Hatch uh suggested Mary Garland to somebody who could get bipartisans.

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<v Speaker 1>What I understand is he said something recently about him

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<v Speaker 1>before Omama made his pick, and he said that if

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<v Speaker 1>he picked someone like Garland, that would that would be good.

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<v Speaker 1>But he's expecting the president to pick some you know,

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<v Speaker 1>liberal progressive lefty or something. And then I think he

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<v Speaker 1>had to eat his words. So girl. It certainly has

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<v Speaker 1>a reputation as a consensus builder and Senator I'm I'm

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<v Speaker 1>interested to know, is that the kind of justice do

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<v Speaker 1>you think we need on the Supreme Court now? And

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<v Speaker 1>I'm sort of wondering is this plays out um. The Republicans,

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<v Speaker 1>of course, have have said they didn't want to hold

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<v Speaker 1>the hearing, don't want to bring up a vote, and

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<v Speaker 1>they want to let the next president decide. Well, not necessarily.

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<v Speaker 1>They've also said that if the Democrat wins, a number

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<v Speaker 1>of them have said they would consider him in the

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<v Speaker 1>Lame Duck. So on the one hand, and I you know,

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<v Speaker 1>we have um executive sessions in the Judiciary Committee, and

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<v Speaker 1>during these sessions, we've had a couple of sessions that

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<v Speaker 1>were pretty much devoted to discussing this. And I would

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<v Speaker 1>sit there to the whole session and listen to people,

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<v Speaker 1>and I have my Republican colleagues come in and out,

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<v Speaker 1>and a Republican would sit down and say, you know,

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<v Speaker 1>the people have to decide, and so it should be

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<v Speaker 1>the next uh next presidents. And then someone else would

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<v Speaker 1>come in and go like, well, if the Democrat wins,

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<v Speaker 1>I think we could take what we like Garland and

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<v Speaker 1>we should take him up in the Lame Duck. And

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<v Speaker 1>and I spoke and I said, well, my question is

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<v Speaker 1>do you guys talk to each other, because this was

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<v Speaker 1>they and evidently they don't because it was a completely

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<v Speaker 1>contradictory stance they were taking. One. This is a matter

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<v Speaker 1>of principle. Let the people decide. Now. I think that

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<v Speaker 1>people did decide when they voted for to re elect

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<v Speaker 1>President Obama in two thousand and twelve. The Constitution is

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<v Speaker 1>pretty clear that the term is for four years. In

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<v Speaker 1>February when that's when Justice Schoolly unfortunately died, scientists told

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<v Speaker 1>us there were eleven months left in the president's term,

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<v Speaker 1>you see. And then in the constitution is very clear

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<v Speaker 1>that the president makes you know, we will nominate when

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<v Speaker 1>there is a vacancy, and there was a vacancy. And

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<v Speaker 1>then they kept citing the Biden rule or something, and

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<v Speaker 1>the Biden rule they took a speech that Biden had

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<v Speaker 1>given and took it completely out of context. He had

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<v Speaker 1>said that if Bush this was in I think October.

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<v Speaker 1>I believe it was in June of an election year

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<v Speaker 1>without without a vacancy at the time. What I'm interested

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<v Speaker 1>to know from you is, um, you know, if Hillary

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<v Speaker 1>Clinton wins in November, I know you you hope she will,

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<v Speaker 1>should she be free to nominate somebody other than Merrick Garland.

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<v Speaker 1>Would you rather see somebody he? I mean, he's described

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<v Speaker 1>as a moderate. He may well become the new kind

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<v Speaker 1>of center justice on the Court if he's confirmed. Would

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<v Speaker 1>you rather see somebody, um who is more like just

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<v Speaker 1>to threat a name you've you've mentioned, Pam Carlin. Uh,

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<v Speaker 1>somebody who is more of a kind of a more liberal,

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<v Speaker 1>perhaps more ideological, or at least more interested in in

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<v Speaker 1>kind of sweeping constitutional changes. Well, I think that begs

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<v Speaker 1>the question whether Republicans will take up the Garland a

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<v Speaker 1>nomination if if say Hillary wins, and a number of

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<v Speaker 1>them had said they would, and I think that, uh,

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<v Speaker 1>some of them are making the argument that, I mean,

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<v Speaker 1>it would be Hillary's right to she'd be the president,

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<v Speaker 1>and would you want to see her do that? Would

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<v Speaker 1>you want to see her use this nomination to make

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<v Speaker 1>more of a change on the Supreme Court? Well? I

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<v Speaker 1>must say I really was impressed with Garland, so I

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<v Speaker 1>wouldn't be terribly upset if she nominated him. I think

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<v Speaker 1>he was a perfect nominee for this moment because he

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<v Speaker 1>is a consensus builder, and I think he was actually

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<v Speaker 1>following the Biden rule. If you listen to the Biden

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<v Speaker 1>speech where he said if you just you, you know,

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<v Speaker 1>if someone resigns, if someone games, he was really basically

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<v Speaker 1>talking about adjustice gaming nos and resigning so that Bush

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<v Speaker 1>could then nominate someone who you know, was very right wing. Well,

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<v Speaker 1>then he said, don't do that. We won't take that

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<v Speaker 1>person up. But if you come to us and if

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<v Speaker 1>that situation happens and you we come up with some

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<v Speaker 1>kind of consensus figure, then of course we'll take him up.

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<v Speaker 1>It seems to me that there's a lot of deliberate

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<v Speaker 1>It's not obfuscation, it's it's kind of misrepresentation of terms

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<v Speaker 1>and of of certainly what the Vice president said then

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<v Speaker 1>and again what kind of justice Scalia? Uh Scalia was

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<v Speaker 1>So since there is so much deadlock on this issue,

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<v Speaker 1>it seems like very likely we won't have a ninth

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<v Speaker 1>justice before November. Maybe I think that part of this

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<v Speaker 1>was the you know, Member Jerry Moran at a town

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<v Speaker 1>meeting in Kansas said he thought we should take up

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<v Speaker 1>Judge Garland and then uh, some moneyed interests on the

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<v Speaker 1>right threatened him and said that if he continued with

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<v Speaker 1>that stance, they would dump about ten million dollars to

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<v Speaker 1>primary him and so he reversed his position, and so

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<v Speaker 1>maybe after the primary season is all over, there won't

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<v Speaker 1>be that kind of pressure perhaps these Republicans, but I

0:14:02.520 --> 0:14:05.560
<v Speaker 1>think that it is very likely, yes, that we will

0:14:05.559 --> 0:14:09.360
<v Speaker 1>not see them take up Darland. I think they'll pay

0:14:09.360 --> 0:14:11.920
<v Speaker 1>a price for it. Given that, I think, I think

0:14:11.960 --> 0:14:16.920
<v Speaker 1>the Republican candidates who are incumbents, who are in states

0:14:17.000 --> 0:14:21.760
<v Speaker 1>like Hampshire and in Ohio may very well pay a

0:14:21.800 --> 0:14:26.240
<v Speaker 1>price for that. Pennsylvania. Well, let's talk about then, how

0:14:26.360 --> 0:14:29.520
<v Speaker 1>the court is operating now that there's the vacancy and

0:14:29.960 --> 0:14:32.960
<v Speaker 1>it may not be filled for quite some time. Um. Greg,

0:14:33.000 --> 0:14:36.560
<v Speaker 1>it's more likely that will have four four splits um.

0:14:36.600 --> 0:14:40.120
<v Speaker 1>And we've had we've had we had already, and a

0:14:40.160 --> 0:14:45.520
<v Speaker 1>couple of punts, yes, including a significant punt on the

0:14:45.600 --> 0:14:50.080
<v Speaker 1>Obamacare and the requirement to have contraceptive coverage. And they've

0:14:50.080 --> 0:14:53.440
<v Speaker 1>also got rulings on deck or their schedule to make

0:14:53.520 --> 0:14:58.600
<v Speaker 1>rulings on cases of concerning affirmative action, immigration, Puerto Rico's debt,

0:14:59.120 --> 0:15:01.560
<v Speaker 1>and all of these issues touch our economy in one

0:15:01.560 --> 0:15:04.760
<v Speaker 1>way or another, whether it's you know, education which it

0:15:04.800 --> 0:15:08.720
<v Speaker 1>gets income, etcetera. Um, whether it's immigration in the size

0:15:08.720 --> 0:15:12.400
<v Speaker 1>of our labor force or effects on wages um or

0:15:12.920 --> 0:15:15.560
<v Speaker 1>pretty goods debt, which we just had an episode about

0:15:15.600 --> 0:15:19.320
<v Speaker 1>a few weeks ago on the podcast What Happens Then?

0:15:19.520 --> 0:15:22.440
<v Speaker 1>How do how do business leaders know how to navigate

0:15:22.520 --> 0:15:25.120
<v Speaker 1>this sort of situation where they're not really sure what's

0:15:25.120 --> 0:15:27.880
<v Speaker 1>going to happen, what the what the ruling is going

0:15:27.920 --> 0:15:31.800
<v Speaker 1>to be, or any any precedents that might come down.

0:15:31.840 --> 0:15:34.120
<v Speaker 1>I mean, how do how does that play out? Well,

0:15:34.640 --> 0:15:36.240
<v Speaker 1>of course you could say the same thing about the

0:15:36.240 --> 0:15:39.680
<v Speaker 1>political situation right now, and so much of this is

0:15:39.720 --> 0:15:43.239
<v Speaker 1>tied to who the next president is, who ultimately nominates

0:15:43.360 --> 0:15:47.880
<v Speaker 1>the next justice. And there are also some significant business

0:15:48.000 --> 0:15:51.400
<v Speaker 1>issues where you could see the court being has been

0:15:51.400 --> 0:15:53.880
<v Speaker 1>divided four to four octously be five to four with

0:15:53.960 --> 0:15:56.440
<v Speaker 1>Justice Scalia and and the next justice will make a

0:15:56.440 --> 0:15:59.440
<v Speaker 1>big difference. So we can talk about things like class

0:15:59.440 --> 0:16:03.120
<v Speaker 1>action law suits where uh, there was a five justice

0:16:03.160 --> 0:16:07.400
<v Speaker 1>majority with Scali on the court to limit class action lawsuits.

0:16:07.960 --> 0:16:13.080
<v Speaker 1>And we can talk about arbitration, arbitration, mandatory care a

0:16:13.080 --> 0:16:17.600
<v Speaker 1>lot about yeah, where where the again the five majority

0:16:17.640 --> 0:16:21.440
<v Speaker 1>has said we will enforce arbitration clauses between you know,

0:16:21.520 --> 0:16:26.000
<v Speaker 1>your cell phone company and consumer. Are you know, probably

0:16:26.040 --> 0:16:29.880
<v Speaker 1>between employers and employees, and those are areas where I

0:16:29.880 --> 0:16:32.200
<v Speaker 1>think that that I think it sounds like the Senator

0:16:32.240 --> 0:16:35.880
<v Speaker 1>agrees that it could be a big difference depending on who.

0:16:36.120 --> 0:16:40.720
<v Speaker 1>We've had a whole bunch of five four decisions by

0:16:40.880 --> 0:16:45.920
<v Speaker 1>uh this court and usually UM, you know, when you

0:16:46.040 --> 0:16:50.680
<v Speaker 1>make big decisions that, especially ones that overturned precedent, then

0:16:51.280 --> 0:16:54.480
<v Speaker 1>you usually want consensus. And so this has been I

0:16:54.520 --> 0:16:58.520
<v Speaker 1>think an unusual court and and and an activist court

0:16:59.240 --> 0:17:02.120
<v Speaker 1>UH in that that they've overturned a lot of precedent

0:17:02.720 --> 0:17:05.320
<v Speaker 1>with five four margins, and they've done it in pretty

0:17:05.359 --> 0:17:09.439
<v Speaker 1>hinky ways. As the citizens united, they decided on a

0:17:09.520 --> 0:17:13.359
<v Speaker 1>question they weren't wasn't asked in the case and UH,

0:17:13.400 --> 0:17:16.840
<v Speaker 1>and they did buy a five four margin. Now that

0:17:17.160 --> 0:17:20.080
<v Speaker 1>it's four four, we're seeing a lot of uncertainty. And

0:17:20.119 --> 0:17:23.199
<v Speaker 1>you've seen a lot of business saying we don't like this.

0:17:23.600 --> 0:17:26.640
<v Speaker 1>We'd like to see you know, seeing a lot of

0:17:27.520 --> 0:17:32.360
<v Speaker 1>letter you know, a letter from two corporate business lawyers

0:17:32.880 --> 0:17:35.439
<v Speaker 1>that I saw a similar letter writing and saying we

0:17:35.480 --> 0:17:39.560
<v Speaker 1>don't we don't like the vacancy. Our clients are asking

0:17:39.680 --> 0:17:43.960
<v Speaker 1>us about this. Internationally, it may damage the way people

0:17:44.040 --> 0:17:46.639
<v Speaker 1>perceive the U S and its ability to make decisions.

0:17:47.119 --> 0:17:49.119
<v Speaker 1>But that is I mean, I think it's probably the

0:17:49.160 --> 0:17:53.440
<v Speaker 1>same letter like to learn thirty seven lawyers. That's that

0:17:53.600 --> 0:17:56.560
<v Speaker 1>number six in my head for some reason, but um,

0:17:56.800 --> 0:18:00.840
<v Speaker 1>probably not right. But anyway, I think it's probably the

0:18:00.840 --> 0:18:07.760
<v Speaker 1>same way. And you're seeing some uncertainty. Obviously when the

0:18:07.800 --> 0:18:11.960
<v Speaker 1>circuits are divided. That's when things come to the Supreme Court.

0:18:12.040 --> 0:18:15.040
<v Speaker 1>And then if you do a four four and either

0:18:15.720 --> 0:18:19.920
<v Speaker 1>just stalemated four four or or in in this last

0:18:19.920 --> 0:18:23.720
<v Speaker 1>case on the the birth control in a c A piece,

0:18:24.160 --> 0:18:28.560
<v Speaker 1>actually go back and ask the circuits questions to resolve.

0:18:29.440 --> 0:18:33.160
<v Speaker 1>It's very hinky, I think, and it's and I think

0:18:33.200 --> 0:18:35.679
<v Speaker 1>it creates a lot of uncertainty, and it does create

0:18:36.320 --> 0:18:42.639
<v Speaker 1>a certain issue with the international business in terms of

0:18:43.280 --> 0:18:47.600
<v Speaker 1>is the US reliable? You mentioned Citizens United, and you've

0:18:47.600 --> 0:18:51.480
<v Speaker 1>also talked about judicial restraint overturning precedents. Would you like

0:18:51.600 --> 0:18:54.560
<v Speaker 1>to see that decision overturned? And is it important to

0:18:54.600 --> 0:18:57.399
<v Speaker 1>you that Yeah, I think I think, uh, most of

0:18:57.400 --> 0:19:02.120
<v Speaker 1>the activism to overturn it at this point, I don't

0:19:02.160 --> 0:19:06.240
<v Speaker 1>think so, because I think it was a very improper,

0:19:07.160 --> 0:19:11.840
<v Speaker 1>uh use of judicial activism then and Also, you'll remember

0:19:11.920 --> 0:19:16.840
<v Speaker 1>that Kennedy in his in his majority opinion, said that

0:19:16.920 --> 0:19:22.600
<v Speaker 1>this is great because now we'll have this disclosure happening

0:19:22.640 --> 0:19:26.399
<v Speaker 1>because of the Internet. We'll have this disclose, immediate disclosure

0:19:26.520 --> 0:19:30.879
<v Speaker 1>of who's giving money to what. Well, of course we

0:19:30.920 --> 0:19:34.560
<v Speaker 1>don't have disclosure, so the way he envisioned it was

0:19:34.680 --> 0:19:39.280
<v Speaker 1>with disclosure, and there's no disclosure. We had a vote

0:19:40.119 --> 0:19:42.600
<v Speaker 1>several years ago where we this is when we had

0:19:42.640 --> 0:19:49.439
<v Speaker 1>fifty nine Democrats and um forty one Republicans and it

0:19:49.560 --> 0:19:51.640
<v Speaker 1>was skins and shirts on this folte. We we had

0:19:51.640 --> 0:19:55.320
<v Speaker 1>to disclose that where you could disclose where you would

0:19:55.359 --> 0:19:59.800
<v Speaker 1>have to disclose people gave money to these packs would

0:19:59.800 --> 0:20:04.080
<v Speaker 1>have the disclose, and and every Republican vote to vote

0:20:04.080 --> 0:20:06.920
<v Speaker 1>against it. I want to take a quick break, and

0:20:07.240 --> 0:20:09.840
<v Speaker 1>when we come back, we'll go into some more questions

0:20:09.840 --> 0:20:14.040
<v Speaker 1>about the court. I'm particularly interested to know whether there

0:20:14.119 --> 0:20:16.439
<v Speaker 1>is any good that can come out of just having

0:20:16.480 --> 0:20:19.520
<v Speaker 1>eight justices on the court after we come back from

0:20:19.520 --> 0:20:35.520
<v Speaker 1>this break. All right, so we are back, and I

0:20:35.560 --> 0:20:38.600
<v Speaker 1>want to pick up right where we left off the

0:20:38.680 --> 0:20:42.600
<v Speaker 1>good that can come out of having just eight justices.

0:20:43.440 --> 0:20:47.719
<v Speaker 1>It's a contrarian opinion, Greg, what's the good. What can

0:20:47.800 --> 0:20:50.040
<v Speaker 1>come out of this it's good? Well, they're not doing

0:20:50.080 --> 0:20:53.080
<v Speaker 1>a whole lot of bad things, are they. The absence

0:20:53.080 --> 0:20:58.679
<v Speaker 1>of bad is by definition good. I think the the

0:20:58.760 --> 0:21:02.320
<v Speaker 1>argument is that, um, they are having to compromise more

0:21:02.400 --> 0:21:04.520
<v Speaker 1>by the nature of of a justice is the fear

0:21:04.520 --> 0:21:07.760
<v Speaker 1>of a four four split. They are deciding things narrowly.

0:21:08.280 --> 0:21:12.280
<v Speaker 1>You know, one of the Garland said about how he

0:21:12.359 --> 0:21:17.159
<v Speaker 1>gets consensus is decided narrowly. Yeah, yeah, I mean in

0:21:17.240 --> 0:21:19.879
<v Speaker 1>one example this is this is not the siding narrowly,

0:21:20.480 --> 0:21:23.320
<v Speaker 1>but rather not deciding at all. There was there was

0:21:23.359 --> 0:21:25.600
<v Speaker 1>a case one of the four four is I suspect

0:21:25.680 --> 0:21:28.840
<v Speaker 1>you're happy about. That is a case involving public sector

0:21:29.240 --> 0:21:33.240
<v Speaker 1>unions and whether workers have a constitutional right to say

0:21:33.240 --> 0:21:36.560
<v Speaker 1>we're not going to pay fees to help support the

0:21:36.720 --> 0:21:39.800
<v Speaker 1>collective bargaining. And I think all all of us who

0:21:39.800 --> 0:21:42.040
<v Speaker 1>covered the court a lot of other people thought the

0:21:42.040 --> 0:21:44.320
<v Speaker 1>court was gonna say five to four there is a

0:21:44.320 --> 0:21:47.280
<v Speaker 1>constitutional right there, and it would have been a ruling

0:21:47.280 --> 0:21:49.840
<v Speaker 1>that would have really changed the change the rules for

0:21:49.880 --> 0:21:53.159
<v Speaker 1>public sector unions. Instead, the court uh divides four to

0:21:53.240 --> 0:21:56.360
<v Speaker 1>four and they leave the law in place where workers

0:21:56.440 --> 0:22:00.119
<v Speaker 1>in In about twenty some odd states, uh can be

0:22:00.280 --> 0:22:03.639
<v Speaker 1>required to pay those fees. So there was a case

0:22:04.640 --> 0:22:07.080
<v Speaker 1>labor union fees, yes, um, and this is just public

0:22:07.080 --> 0:22:09.199
<v Speaker 1>sector workers that we're talking about. But there was a

0:22:09.240 --> 0:22:12.800
<v Speaker 1>case where, um, by only having eight justices, they didn't

0:22:12.840 --> 0:22:14.760
<v Speaker 1>do something that would have been a really a you know,

0:22:14.880 --> 0:22:17.880
<v Speaker 1>a major, a major shift in this country. It would

0:22:17.920 --> 0:22:20.359
<v Speaker 1>have been it would have been again another five for

0:22:22.119 --> 0:22:27.640
<v Speaker 1>big decision, overturning precedent. It would have been another activist decision. Uh.

0:22:27.680 --> 0:22:30.480
<v Speaker 1>So I think that, Uh, yeah, I think there was

0:22:30.560 --> 0:22:35.480
<v Speaker 1>As you know, basically, these unions do the bargaining even

0:22:35.520 --> 0:22:40.200
<v Speaker 1>if you don't belong to the union, and UM, we're

0:22:40.240 --> 0:22:44.000
<v Speaker 1>you know, collecting fees from uh the employees that they

0:22:44.040 --> 0:22:50.440
<v Speaker 1>were bargaining on behalf of. And the uh you know, court,

0:22:50.760 --> 0:22:54.479
<v Speaker 1>if if Scalley had been there, probably would have ruled

0:22:54.560 --> 0:22:58.000
<v Speaker 1>that they can't do that, that the union can't collect

0:22:58.560 --> 0:23:02.320
<v Speaker 1>fees for bargaining on behalf of these people even though

0:23:03.400 --> 0:23:06.359
<v Speaker 1>they are the beneficiary of the bargaining. I could probably

0:23:06.400 --> 0:23:08.280
<v Speaker 1>take off a whole long list of decisions that I

0:23:08.280 --> 0:23:11.560
<v Speaker 1>think you probably disagree with over the past ten years

0:23:11.640 --> 0:23:14.359
<v Speaker 1>or so that were decided five to four, and I

0:23:14.400 --> 0:23:16.560
<v Speaker 1>suspect you would have been happier to have those be

0:23:16.600 --> 0:23:18.720
<v Speaker 1>four to four. The Voting Rights Act as one example.

0:23:18.760 --> 0:23:20.720
<v Speaker 1>I mean, most of the big decisions of the Roberts Court,

0:23:21.160 --> 0:23:24.359
<v Speaker 1>when we think about the conservative decisions that they have issued,

0:23:24.400 --> 0:23:27.639
<v Speaker 1>there are by and larger, perhaps even entirely five to

0:23:27.680 --> 0:23:30.560
<v Speaker 1>four rulings. Yeah. And I think that was one of

0:23:30.560 --> 0:23:34.400
<v Speaker 1>my my problems with it, which is when you do

0:23:34.640 --> 0:23:38.120
<v Speaker 1>overturn precedent, I think you've got to be very careful,

0:23:38.160 --> 0:23:40.720
<v Speaker 1>and to do it on five four basis something as

0:23:40.720 --> 0:23:45.080
<v Speaker 1>big as cusins united something is some of the decisions

0:23:45.720 --> 0:23:49.240
<v Speaker 1>on the Voting Rights Act we mentioned, but also on

0:23:49.720 --> 0:23:54.280
<v Speaker 1>our arbitration on class actions and arbitration overriding the States.

0:23:54.320 --> 0:24:00.760
<v Speaker 1>On that, I think we're very again activist pro business decisions.

0:24:01.480 --> 0:24:04.120
<v Speaker 1>And Greg, you were telling me when we were sort

0:24:04.119 --> 0:24:07.560
<v Speaker 1>of preparing for the show that the broader history of

0:24:07.600 --> 0:24:10.520
<v Speaker 1>the Supreme Court, would you say that it leans more

0:24:10.640 --> 0:24:14.800
<v Speaker 1>towards I guess pro business over the grand scheme of

0:24:14.840 --> 0:24:17.400
<v Speaker 1>things or yeah. I think if you just look at

0:24:17.960 --> 0:24:20.159
<v Speaker 1>using as as a kind of a convenient metric, the

0:24:20.200 --> 0:24:22.439
<v Speaker 1>cases where the Chamber of Commerce has filed a brief

0:24:23.200 --> 0:24:24.919
<v Speaker 1>as sort of a proxy for our case. You know,

0:24:25.000 --> 0:24:27.320
<v Speaker 1>a business case where businesses on one side. This is

0:24:27.320 --> 0:24:31.639
<v Speaker 1>the US Chamber of Right. Business has won over the past,

0:24:31.840 --> 0:24:33.280
<v Speaker 1>you know, the time I've been covering the court, the

0:24:33.280 --> 0:24:36.920
<v Speaker 1>past fifty and twenty years, they have certainly one uh

0:24:37.119 --> 0:24:39.400
<v Speaker 1>more cases than they have lost. Maybe you know, close

0:24:39.440 --> 0:24:42.240
<v Speaker 1>to two thirds of them I think is roughly probably

0:24:42.280 --> 0:24:44.639
<v Speaker 1>probably the number, So that is fair. But not all

0:24:44.640 --> 0:24:46.880
<v Speaker 1>of those have been five to four um those are

0:24:46.920 --> 0:24:49.000
<v Speaker 1>it can be seven to two decisions. And there's actually

0:24:49.000 --> 0:24:52.960
<v Speaker 1>one category of decisions that I find fascinating because Justice

0:24:53.000 --> 0:24:55.040
<v Speaker 1>Slee is on the side you wouldn't expect them to

0:24:55.040 --> 0:24:58.479
<v Speaker 1>be on, which is uh. About ten years ago, limiting

0:24:58.520 --> 0:25:02.480
<v Speaker 1>punitive damages was a very big constitutional issue, and the

0:25:02.520 --> 0:25:04.600
<v Speaker 1>Court was willing to put some limits on it. But

0:25:04.640 --> 0:25:08.280
<v Speaker 1>the justices who said, no, the Constitution doesn't provide any

0:25:08.320 --> 0:25:11.840
<v Speaker 1>limits were actually the justices we think about as being

0:25:12.359 --> 0:25:14.639
<v Speaker 1>on either end of the spectrum. So you had Justice

0:25:14.640 --> 0:25:17.639
<v Speaker 1>Ginsberg who said no, constitution doesn't put any limits. But

0:25:17.720 --> 0:25:20.960
<v Speaker 1>also Justice is Thomas and Scalia, And so there's a

0:25:21.000 --> 0:25:24.040
<v Speaker 1>case where at least in that particular issue, the next

0:25:24.119 --> 0:25:27.160
<v Speaker 1>justice may actually make the Court a little more favorable

0:25:27.240 --> 0:25:29.960
<v Speaker 1>to business. If he or she believes that the Constitution

0:25:30.000 --> 0:25:33.120
<v Speaker 1>does provide some limits on punitive damages. How does all

0:25:33.119 --> 0:25:35.000
<v Speaker 1>this play out? We know Trump came out with his

0:25:35.240 --> 0:25:39.480
<v Speaker 1>list of nominees and on it it was pretty I

0:25:39.520 --> 0:25:41.399
<v Speaker 1>read your story. You said it was sort of pretty

0:25:41.440 --> 0:25:43.960
<v Speaker 1>by the book in terms of not stepping too far

0:25:44.000 --> 0:25:47.040
<v Speaker 1>out of the conservative box. Off five of them were

0:25:47.359 --> 0:25:54.560
<v Speaker 1>those also suggested I guess by the Heritage Foundation. Um,

0:25:54.680 --> 0:25:57.600
<v Speaker 1>oh boy, So, I mean, what if we get a

0:25:57.640 --> 0:26:00.960
<v Speaker 1>president Trump? What what happens? Greg? I'm gonna have Greg

0:26:00.960 --> 0:26:03.480
<v Speaker 1>play a little bit of a Devil's advocate with you

0:26:03.760 --> 0:26:06.040
<v Speaker 1>on this one. Well, you know, if you look at

0:26:06.080 --> 0:26:08.520
<v Speaker 1>this list, you know, as I said, it is somebody

0:26:08.560 --> 0:26:11.920
<v Speaker 1>who would be you would expect from a Republican president. Now,

0:26:12.359 --> 0:26:14.639
<v Speaker 1>Donald Trump has also said, oh, it's just a guide,

0:26:14.640 --> 0:26:17.000
<v Speaker 1>and then that night he put out a tweet saying

0:26:17.280 --> 0:26:19.760
<v Speaker 1>my list was very well received and I may actually

0:26:19.800 --> 0:26:23.199
<v Speaker 1>put more people on the list. So, um, you know,

0:26:23.960 --> 0:26:29.200
<v Speaker 1>I'm not sure exactly point one at a time. I

0:26:29.240 --> 0:26:31.879
<v Speaker 1>haven't had a chance to. Okay, I think that's a

0:26:31.880 --> 0:26:34.240
<v Speaker 1>good first question if you get an interview. So I

0:26:34.240 --> 0:26:36.760
<v Speaker 1>think I think there are a lot of conservatives who

0:26:37.200 --> 0:26:40.040
<v Speaker 1>care very much about the Supreme Court who are not

0:26:40.320 --> 0:26:44.520
<v Speaker 1>fully confident. But that said, I think it is certainly

0:26:45.000 --> 0:26:48.520
<v Speaker 1>fair to assume that um or or or likely that

0:26:48.560 --> 0:26:52.080
<v Speaker 1>he is not going to shift the court significantly from

0:26:52.119 --> 0:26:55.280
<v Speaker 1>where it was with Justice scale on it that whoever

0:26:55.320 --> 0:26:59.680
<v Speaker 1>he nominates will on uh, certainly be to the right

0:26:59.760 --> 0:27:03.000
<v Speaker 1>of who we would expect Hillary Clinton or Bernie Sanders

0:27:03.000 --> 0:27:06.840
<v Speaker 1>to nominate, and highly likely to be to the right

0:27:06.960 --> 0:27:10.680
<v Speaker 1>of of Merrick Garland as well. Yeah, I mean you're

0:27:10.760 --> 0:27:15.720
<v Speaker 1>you're assuming, of course, that my Republican colleagues don't well,

0:27:16.280 --> 0:27:19.359
<v Speaker 1>if say Hillary wins, that they won't go with Garland.

0:27:19.600 --> 0:27:22.080
<v Speaker 1>But then then the Hillary wins, Trump wouldn't win. So

0:27:22.880 --> 0:27:26.960
<v Speaker 1>never mind, I should say that Judge Garland, you know,

0:27:27.000 --> 0:27:29.000
<v Speaker 1>but I will I will say this about that list.

0:27:29.520 --> 0:27:33.159
<v Speaker 1>He was just trying to unite the party, like putting

0:27:33.160 --> 0:27:36.679
<v Speaker 1>out a list that you know, conservatives will go like,

0:27:36.720 --> 0:27:39.960
<v Speaker 1>oh okay, those are I like those guys. You know,

0:27:40.000 --> 0:27:43.960
<v Speaker 1>I don't think that you know, that was a pretty

0:27:44.080 --> 0:27:46.800
<v Speaker 1>uh you know, that's telling put a list together for

0:27:46.920 --> 0:27:51.000
<v Speaker 1>me that will accomplish that. Red State put out an

0:27:51.119 --> 0:27:54.080
<v Speaker 1>argument a few weeks ago that's sort of along the

0:27:54.119 --> 0:27:57.040
<v Speaker 1>lines of I think what you seem to be hearing

0:27:57.040 --> 0:27:59.960
<v Speaker 1>from some Republicans, which is Republicans should just go ahead

0:27:59.960 --> 0:28:01.840
<v Speaker 1>and phil the vacan see because it's more likely that

0:28:01.960 --> 0:28:05.600
<v Speaker 1>Hillary will win than Trump, and she may nominate someone

0:28:05.640 --> 0:28:08.600
<v Speaker 1>who's much more liberal than to go ahead and confirmers

0:28:08.720 --> 0:28:11.120
<v Speaker 1>excuse me, yes, you could go ahead and suld go ahead,

0:28:11.200 --> 0:28:14.919
<v Speaker 1>confirm any thoughts on this from from either of you.

0:28:15.040 --> 0:28:18.400
<v Speaker 1>Do you think that's something that they're mulling right now, Senator, Well,

0:28:18.440 --> 0:28:22.160
<v Speaker 1>you know, I think what they're mulling literally is election.

0:28:23.200 --> 0:28:29.800
<v Speaker 1>Hillary wins. Hearings Garland literally, I mean, as bad as

0:28:29.840 --> 0:28:32.639
<v Speaker 1>that looks in a way, the election is over. I

0:28:32.680 --> 0:28:38.800
<v Speaker 1>think that there is a real respect for Garland and

0:28:39.160 --> 0:28:41.320
<v Speaker 1>almost an affection for him. You know, one of the

0:28:41.400 --> 0:28:46.160
<v Speaker 1>first Republican senators who agreed to meet with Garland it

0:28:46.240 --> 0:28:51.000
<v Speaker 1>was Jim Inhoff. And that's because of that Garland was

0:28:51.040 --> 0:28:55.240
<v Speaker 1>the prosecutor in the Oklahoma City case, and that he

0:28:55.320 --> 0:28:59.640
<v Speaker 1>has stayed in touch with the families of those were

0:28:59.720 --> 0:29:04.520
<v Speaker 1>killed at Oklahoma City and he's kind of revered there

0:29:05.200 --> 0:29:10.800
<v Speaker 1>and so, um, this guy is kind of an extraordinary guy.

0:29:10.880 --> 0:29:16.040
<v Speaker 1>So I think that that play, you know, may very

0:29:16.080 --> 0:29:19.280
<v Speaker 1>well make sense that they could go, Okay, we lost

0:29:19.280 --> 0:29:24.480
<v Speaker 1>the election. Hillary will probably appoint someone more to the left. Also,

0:29:24.800 --> 0:29:29.760
<v Speaker 1>we hopefully got our butts handed to us the other day,

0:29:29.800 --> 0:29:31.640
<v Speaker 1>and there's gonna be a lot more and maybe the

0:29:31.680 --> 0:29:34.480
<v Speaker 1>Democrats take over the Senate. Yeah that's what. Yeah, that's

0:29:34.520 --> 0:29:37.240
<v Speaker 1>what I was saying. Hopefully, you know, That's why I

0:29:37.240 --> 0:29:40.600
<v Speaker 1>said hopefully, and I hope that happens. Uh So they

0:29:40.640 --> 0:29:43.960
<v Speaker 1>may actually bring up Garland and then we'd have to

0:29:44.440 --> 0:29:47.959
<v Speaker 1>do a gut check and see, uh you know, and

0:29:48.240 --> 0:29:51.400
<v Speaker 1>I actually think Obama would be okay with that. I

0:29:51.400 --> 0:29:54.160
<v Speaker 1>don't know where Hillary would be on that. How do

0:29:54.200 --> 0:29:57.320
<v Speaker 1>we get out of this, this this box that we're

0:29:57.360 --> 0:30:00.080
<v Speaker 1>in with these nominations they have, and we can of

0:30:00.160 --> 0:30:03.160
<v Speaker 1>go back and point fingers as to who who's at fault.

0:30:03.160 --> 0:30:05.600
<v Speaker 1>But we're in a in a world where Supreme Court

0:30:05.720 --> 0:30:11.080
<v Speaker 1>nominations have become so partisan and increasingly it seems like

0:30:11.120 --> 0:30:13.640
<v Speaker 1>they are looked upon as a zero sum game. And

0:30:13.640 --> 0:30:16.560
<v Speaker 1>the way you describe your your view of how the

0:30:16.600 --> 0:30:18.920
<v Speaker 1>Republicans are acting, it sounds like you think they are

0:30:19.040 --> 0:30:22.800
<v Speaker 1>perceiving this in that same way where where if if

0:30:22.800 --> 0:30:25.200
<v Speaker 1>they get to the point where they say, oh, you know,

0:30:25.320 --> 0:30:27.720
<v Speaker 1>Merrick Garland is you know, the best we can do

0:30:27.760 --> 0:30:29.880
<v Speaker 1>at this point, then we'll go ahead and confirm him.

0:30:29.920 --> 0:30:35.160
<v Speaker 1>But how do memory because I think what this does

0:30:35.280 --> 0:30:41.240
<v Speaker 1>is undermine their respect for the court because it's approval

0:30:41.360 --> 0:30:43.600
<v Speaker 1>ratings to the extent they matter. Have have you know,

0:30:43.720 --> 0:30:48.160
<v Speaker 1>plummeted plummeted along with with you know, those of Congress

0:30:48.200 --> 0:30:51.920
<v Speaker 1>and other institutions. Yeah, Well, I think there's been sort

0:30:51.920 --> 0:30:55.960
<v Speaker 1>of an assault on legitimacy of government for a long

0:30:56.000 --> 0:30:59.680
<v Speaker 1>long time. We saw that, you know, with ging Rich,

0:30:59.800 --> 0:31:03.520
<v Speaker 1>and we've seen that with the Tea Party. And I

0:31:03.560 --> 0:31:07.680
<v Speaker 1>think that the Republican Party has sort of created Trump

0:31:07.840 --> 0:31:12.600
<v Speaker 1>in a way. Um made a bargain and I think

0:31:12.720 --> 0:31:15.720
<v Speaker 1>that's this is what you get. And I think it

0:31:15.880 --> 0:31:22.000
<v Speaker 1>has been partly an assault at the legitimacy of the government,

0:31:22.840 --> 0:31:29.400
<v Speaker 1>you know, including threatening to default on our debt. Trump's

0:31:30.200 --> 0:31:34.440
<v Speaker 1>Trump's saying that he says a couple of things. One,

0:31:34.480 --> 0:31:39.040
<v Speaker 1>you can bargain with our creditors, and that us presentably

0:31:39.080 --> 0:31:42.080
<v Speaker 1>as people who who hold bonds. So I don't know

0:31:42.120 --> 0:31:45.760
<v Speaker 1>how they would would bargain with me. I don't know

0:31:45.760 --> 0:31:49.040
<v Speaker 1>where I'd be in on that. And which is a

0:31:50.120 --> 0:31:53.000
<v Speaker 1>that's not good for business. I can tell you that

0:31:53.240 --> 0:31:56.480
<v Speaker 1>I don't. I'm on Bloomberg. I think Bloomberg would agree

0:31:56.640 --> 0:31:59.120
<v Speaker 1>that's not good. And then there was the other thing.

0:31:59.120 --> 0:32:01.680
<v Speaker 1>I said, we can't the fall because we print money,

0:32:01.840 --> 0:32:04.840
<v Speaker 1>which is kind of crazy. So this is who who

0:32:04.920 --> 0:32:09.120
<v Speaker 1>the Republican nominee is. And I think that this has

0:32:09.200 --> 0:32:14.560
<v Speaker 1>been a process of uh playing foot see with people

0:32:14.600 --> 0:32:19.120
<v Speaker 1>who don't believe that the government has a legitimate role

0:32:19.160 --> 0:32:22.320
<v Speaker 1>to play. Well, I we're going to wrap up, but

0:32:22.440 --> 0:32:25.040
<v Speaker 1>I would probably lose my journalist card if I didn't

0:32:25.080 --> 0:32:29.360
<v Speaker 1>ask this question. Are you being considered by Hillary Hillary

0:32:29.400 --> 0:32:32.280
<v Speaker 1>Clinton's campaign for vice president? Is that something you'd be

0:32:32.320 --> 0:32:38.760
<v Speaker 1>interested in? I really enjoy my job with representing the

0:32:38.760 --> 0:32:41.960
<v Speaker 1>people of Minnesota, and I am gonna work very hard

0:32:42.000 --> 0:32:47.920
<v Speaker 1>for Hillary, going around country for her. I, um, I don't.

0:32:48.320 --> 0:32:53.760
<v Speaker 1>I think that's just conjecture and I I don't think

0:32:53.760 --> 0:32:57.160
<v Speaker 1>that's going to happen. I guess we'll see, all right,

0:32:57.800 --> 0:33:02.720
<v Speaker 1>anything as possible. I'll make you bet how much well

0:33:03.120 --> 0:33:05.720
<v Speaker 1>you mean one of the odds, because I'll bet you

0:33:05.760 --> 0:33:08.320
<v Speaker 1>a thousand bucks. I mean, I mean, you're on one

0:33:08.320 --> 0:33:10.160
<v Speaker 1>side of this bargain. Is it doesn't seem very fair

0:33:10.240 --> 0:33:14.000
<v Speaker 1>for me. Yeah, it's very unfair, isn't it. Thank you, Tori,

0:33:14.160 --> 0:33:21.880
<v Speaker 1>thank you, thank you Greg. That's it for today's show.

0:33:22.040 --> 0:33:24.400
<v Speaker 1>Benchmark will be back next week, and until then, you

0:33:24.440 --> 0:33:27.360
<v Speaker 1>can find us on the Bloomberg Terminal and Bloomberg dot com,

0:33:27.400 --> 0:33:30.600
<v Speaker 1>as well as on iTunes, pocket casts, and Stitcher. While

0:33:30.640 --> 0:33:32.560
<v Speaker 1>you're there, take a minute to rate and review the

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<v Speaker 1>to a friend. If you like us, also let us

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0:33:40.040 --> 0:33:44.280
<v Speaker 1>at Tori stillwell, and our guests are also on Twitter

0:33:44.440 --> 0:33:48.720
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0:33:48.760 --> 0:33:51.640
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0:33:51.960 --> 0:33:56.080
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0:33:56.600 --> 0:33:58.800
<v Speaker 1>And if you enjoyed our show, you may also want

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<v Speaker 1>to check out Odd Lots, a podcast about the twists

0:34:01.560 --> 0:34:04.400
<v Speaker 1>and turns of financial markets, posted by my colleagues Joe

0:34:04.440 --> 0:34:06.960
<v Speaker 1>Wisenthal and Tracy Alloway. See you next week.