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Speaker 1: Live from our nation's capital. This is Bloomberg Sound On.

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Speaker 1: We're on the timeline for two things for sure, and

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Speaker 1: that is the debtonoment. And also, but pos probably been

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Speaker 1: seduced by the notion that we can get off fossil

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Speaker 1: fuels much quicker than it can happen. Floomberg Sound On, Politics,

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Speaker 1: Policy and perspective from DC's top names, fighting with knowledgeable

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Speaker 1: about the issues around affordable housing. Has anybody there has

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Speaker 1: been around Excess government spending always causes inflation? Inflation purchased

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Speaker 1: the chorus families in this country. Bloomberg Sound On with

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Speaker 1: Joe Matthew on Bloomberg Radio. Democratic leaders still say they

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Speaker 1: are still on track to vote as soon as tomorrow.

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Speaker 1: I know you've heard me say this before, but it

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Speaker 1: is my job to report. And we'll have the latest

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Speaker 1: from Speaker Pelosi, from Chuck Schumer and their plans for

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Speaker 1: infrastructure and reconciliation still a bit muddy at the moment,

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Speaker 1: but we do have a new or from the Joint

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Speaker 1: Committee on Taxation and we'll talk about it ahead with

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Speaker 1: Congressman Kevin Brady of Texas, ranking member on the House

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Speaker 1: Ways and Means Committee. Later we get to explore the

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Speaker 1: progressive mindset following the elections and heading for apparently votes

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Speaker 1: on Capitol Hill with Adam Green, co founder of the

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Speaker 1: Progressive Change Campaign Committee. Our panel today, Democratic strategist Roger

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Speaker 1: Fisk of New Day Strategy and Studio with me here

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Speaker 1: for the hour, along with Republican analyst Doug High, former

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Speaker 1: deputy chief of staff for Republican House Leader Eric Cancer.

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Speaker 1: We are hearing new talk of urgency from both ends

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Speaker 1: of Pennsylvania Avenue today to pass the Biden economic Agenda.

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Speaker 1: White House Deputy Press Secretary Karen John Pierre just brief

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Speaker 1: reporters a short time ago the President is has been

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Speaker 1: very clear he wants to get this moving. There's an

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Speaker 1: urgency along with the members of both chambers have have

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Speaker 1: been very clear and getting this done, making sure that

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Speaker 1: we're giving relief to the middle class, that economic release

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Speaker 1: that they so deserve. Speaker Nancy Pelos he was asked

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Speaker 1: repeatedly a short time earlier by reporters on the Hill

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Speaker 1: about the timetable for votes. When is this going to happen.

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Speaker 1: You get the sense she's been asked this a couple

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Speaker 1: of times that she has a little fun with reporters

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Speaker 1: you expect to vote tonight, and is it possible that

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Speaker 1: you might just vote on the infrastructure built, considering everybody

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Speaker 1: seems to be bought in and saying it's ready for

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Speaker 1: a vote. Okay, so you build back better today, and

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Speaker 1: what are the big hurdles you have to overcome. I'll

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Speaker 1: let you know as soon as I wish to. But okay,

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Speaker 1: you're just worried about your own schedule. I know, I

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Speaker 1: know that. But the fact is is that our members

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Speaker 1: are engaged in very thoughtful deliberation with each other. You

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Speaker 1: don't hear the stuff on other programs, right, We bring

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Speaker 1: you into the briefings for the real stuff, the real moments.

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Speaker 1: People actually do laugh from time to time. You're in

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Speaker 1: the bubble and all this after the Joint Committee on Taxation.

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Speaker 1: You got this. You file us in a way that

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Speaker 1: j CT you'll sound smart at The Cocktail Party later

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Speaker 1: released its score for reconciliation, showing taxes in this spending

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Speaker 1: plan would raise one point five trillion dollars over ten years,

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Speaker 1: remembering we were at one point seven five Right House

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Speaker 1: ways and means, Jair Richard Neal says the bills paid

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Speaker 1: for when you include I R. S enforcement and drug

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Speaker 1: pricing provisions. And we begin today with someone at the

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Speaker 1: center of the tax debate. That would be Texas Congressman

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Speaker 1: Kevin Brady, ranking member on the aforementioned House Ways and

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Speaker 1: Means Committee. Congressman, it's always great to have you. Welcome back.

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Speaker 1: Do you agree with this JCT analysis on taxes? In

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Speaker 1: this plan? Is it actually paid for? Like the chairman says, yeah,

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Speaker 1: I don't think it is. I think it's full of

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Speaker 1: budget gimmicks that don't cover the cost of it at all.

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Speaker 1: And I do think unleasing eighty thousand new I R

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Speaker 1: S agents are is not going to create four hundred

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Speaker 1: billion dollars in new revenue a net. Uh. They're using

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Speaker 1: budget gimmicks on the drug pricing, is you as well?

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Speaker 1: I we count them about a half a trillion short,

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Speaker 1: or at least in question on the pay for US

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Speaker 1: Where they are accurate, is there is one point two

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Speaker 1: trillion dollars encrypting tax hikes on American businesses, including our

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Speaker 1: small businesses as well. I think that's going to have

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Speaker 1: a I think a crucial impact on our economy going forward.

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Speaker 1: Are they being disingenuous then, or or is the chairman

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Speaker 1: using different maths than you are one. Chairman Neil Uh,

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Speaker 1: I'll just tell you I've worked with him a long time.

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Speaker 1: His word is good. He's got a ton of character, integrity. Uh.

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Speaker 1: The scores that they're using are what they've been given

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Speaker 1: by the Joint Command on Taxation. What they don't have

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Speaker 1: is from the Congressional Budget Office on things like the

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Speaker 1: I R S figures and the drug pricing, which traditionally

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Speaker 1: have been much smaller than what the White House has

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Speaker 1: said it is. So I think it could come in

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Speaker 1: significantly under at this point. You know, I think Chairman

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Speaker 1: Neil is is using the data that he's been given

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Speaker 1: so far. I guess I should ask you, Congressman, is

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Speaker 1: the tax provision the provisions plural? As you understanding this plan?

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Speaker 1: Are they are they done? Are they fixed? Or are

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Speaker 1: we going to go back to talking about billionaire taxes

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Speaker 1: and unrealized gains? Yeah? Great question. So it seems to

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Speaker 1: be changing. I noticed just the two thousand page bill

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Speaker 1: that was dumped on us yesterday afternoon. They added a

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Speaker 1: bunch of what I might call tax pork. So they

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Speaker 1: added new tax breaks for trial lawyers, for labor union dues,

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Speaker 1: subsidies for hiring local media journalists, new tax break for

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Speaker 1: recording artists, and then they're still right now I think

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Speaker 1: debating how incentive about how big of a tax break

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Speaker 1: do they give the wealthy by repealing the salt cap

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Speaker 1: that's in current law today. So it seems to be

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Speaker 1: continuing to change. I I don't doubt it will change

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Speaker 1: some more. So what's going on with salt by the way,

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Speaker 1: it's in, it's out now, it's back in apparently, And

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Speaker 1: we're looking at at least what I'm hearing is a

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Speaker 1: five year suspension. Can you add to that? Yeah, So

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Speaker 1: it's probably not because I think there's about four different

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Speaker 1: proposals in play. Some of them are just budget gimmicks,

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Speaker 1: So you repeal it for two or five years, and

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Speaker 1: then you extend it for two or five years. Either way.

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Speaker 1: That is, you know, at five years extensions about half

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Speaker 1: a trillion dollars in tax breaks, most of which go

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Speaker 1: to homes making more than a million dollars. They're also

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Speaker 1: looking at increasing it from ten thousand to a figure

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Speaker 1: like seventy thousand dollars for several years and then putting

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Speaker 1: it back in place in later years or permanently. All

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Speaker 1: that to say it seems to be a moving target.

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Speaker 1: They seem to be, you know, moving the Rubik's cube

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Speaker 1: a hundred different ways to figure out a path forward.

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Speaker 1: I don't think they should be changing it at all.

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Speaker 1: The ten thousand dollar cap is double national average for

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Speaker 1: the salt deduction and only goes of Americans if you

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Speaker 1: if you itemize, you get zero from lifting the salt

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Speaker 1: CAPA and that's what most Americans are. Don't idomize. Congressman

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Speaker 1: Kevin Ready makes news right out of the gate here

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Speaker 1: on the j c C analysis. Are you also making

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Speaker 1: news and that you know how to solve the Rubik's cube? Well,

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Speaker 1: mine would be don't hammer us with higher taxes. Uh,

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Speaker 1: and and don't make it the labor shortage worse, which

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Speaker 1: I think they do in this bill especially. I think

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Speaker 1: we're in a crucial time tomorrow's October jobs report. Presidents

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Speaker 1: coming into this with a lot of lack of confidence

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Speaker 1: in his competency in leadership. Dreadful jobs growth last two months,

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Speaker 1: economy potentially flatline third quarter. He's a million jobs short

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Speaker 1: of his promises from the last stimulus, so he needs

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Speaker 1: a big number, and we're following it pretty close to me. Well,

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Speaker 1: we hope there's a big number because that's good for

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Speaker 1: all of us, I suppose, But Congressman absolutely, do you

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Speaker 1: have a sense of where we are? Congressman, I like

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Speaker 1: to talk to you. I know this is a democratic

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Speaker 1: exercise in reconciliation, but we like to talk to you

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Speaker 1: because you're a straight shooter and you normally tell us

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Speaker 1: what's on your mind. Are you hearing about a timetablor?

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Speaker 1: Are you gonna be called the votes up or down tomorrow? Yes?

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Speaker 1: So the latest sort of the latest conventional wisdom around

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Speaker 1: here is the potential for a vote tonight on the

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Speaker 1: tax and spending bill and then a a infrastructure vote tomorrow.

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Speaker 1: I think that's what Democrats are hoping for. We'll know

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Speaker 1: if there's an announcement of a rules committee meeting they

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Speaker 1: have to set the rules for debate on thoset two bills.

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Speaker 1: Uh my guess is the signal, the white smoke signal

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Speaker 1: would be if rules committees called back to set the timing,

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Speaker 1: then we'll know they believe they have the vote. Yes,

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Speaker 1: we're watching the same chimney together here, Yes we are.

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Speaker 1: We heard from OPEC today rejecting please from the White

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Speaker 1: House to boost production essentially handed the matter right back

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Speaker 1: to the US, giving us a choice of tapping the

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Speaker 1: strategic reserve. Or maybe there's another answer. I tend to

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Speaker 1: ask you whenever you're on with us, is there are

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Speaker 1: enough demand for more shale drilling? And I'll start getting

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Speaker 1: angry tweets, But is that a conversation happening in the

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Speaker 1: industry and in Texas well? It should be. It makes

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Speaker 1: no sense for us to be begging foreign countries for

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Speaker 1: more to buy when we've got the capability to do

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Speaker 1: it right here at home. But the Biden administrations, you know,

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Speaker 1: just seems to hate the oil and gas industry and

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Speaker 1: won't give an inch on this issue. It's one of

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Speaker 1: the reasons, you know, gas prices are so high. My

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Speaker 1: home heating and others are willing to be higher, uh

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Speaker 1: later this winter, And so I think it's they've they've

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Speaker 1: got a blind spot here in Americans are paying for

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Speaker 1: it in these higher gas prices. But you would need

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Speaker 1: his okay to start more or resume shale drilling. Is

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Speaker 1: that I don't think the energy industry, facing the relentless

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Speaker 1: attack from the White House and Congress, including about a

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Speaker 1: hundred billion dollars of tax increases in this uh, in

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Speaker 1: this spending bill. You know, I think it'd be irresponsible

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Speaker 1: for them to move forward without a signal from the

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Speaker 1: White House that they're not going to take action to

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Speaker 1: shut them down. Texas Congressman Kevin Brady sounds like you

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Speaker 1: are standing by for some votes in the next forty

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Speaker 1: eight hours. Well, we are working to stop the bill,

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Speaker 1: so I'm hopeful you never see that white smoke. Well,

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Speaker 1: I know what your vote will be. Congressman Kevin Brady

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Speaker 1: of Texas, ranking member, House Ways and Means Committee, Thank

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Speaker 1: you as always for coming back to talk to us. Sir,

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Speaker 1: you're listening to Bloomberg. You sound on with Joe Matthew

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Speaker 1: on Bloomberg Radio. The headline on the terminal Pelosi aims

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Speaker 1: to herd caucus ahead of votes. Easier said than done,

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Speaker 1: as I read from Bloomberg, Government House Democrats seeking to

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Speaker 1: hammer out the remaining differences inside their caucus on President

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Speaker 1: Biden's tax and social spending measure with a vote. As

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Speaker 1: I read, it's right in front of me here, not

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Speaker 1: a typo, a vote possible as early as tonight. It's

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Speaker 1: like Kevin Brady just said, Well, it happened tonight. Tomorrow.

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Speaker 1: This weekend should be a working weekend, according to the

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Speaker 1: Majority leaders Denny Hoyer, and so we assemble the panel

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Speaker 1: to get into all this post election what could happen

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Speaker 1: by the end of this week. We're joined by Democratic

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Speaker 1: strategist Roger Fisk of New Day Strategy, longtime veteran of

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Speaker 1: the Obama White House. We could go back to the

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Speaker 1: Kerry campaign as well, former Boston Boys that he must

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Speaker 1: be honest. Republican analyst Doug High with us on the

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Speaker 1: line as well former Deputy Chief of Staff Republican House

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Speaker 1: leader Eric Canter. Thanks to both of you for being here,

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Speaker 1: and Roger is great to have you in studio. This

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Speaker 1: is a good day for us as we try to

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Speaker 1: understand exactly what's happening here on Capitol Hill. You heard

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Speaker 1: Kevin Brady, you were sitting here as we were discussing this.

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Speaker 1: Do you think a vote is even possible in the

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Speaker 1: next Yes, is the short version, And thank you so

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Speaker 1: much for having me. It's it's good to be anywhere

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Speaker 1: as um. But I think the urgency that came through

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Speaker 1: very clear on Tuesday. It's it's too late to pivot

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Speaker 1: away from this. Uh, you know, it's it's essentially so large,

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Speaker 1: and there's been so much time invested into this. The

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Speaker 1: the idea that this would be set aside or something

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Speaker 1: like that just based on the results of Tuesday, I

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Speaker 1: think is um not realistic. Once this is so far

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Speaker 1: down the aisle as it is, so, I think, you

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Speaker 1: know nothing, nothing beats bad news better than more news. Right,

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Speaker 1: There's just kind of a natural kind of pipeline to

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Speaker 1: these things. So the best thing that these folks can

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Speaker 1: do is push forward and try to get this done

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Speaker 1: and then on the kind of implementation. And they just

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Speaker 1: want to make sure that there's hard hats and shovels

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Speaker 1: out there by no later than March or April, because

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Speaker 1: I believe that the elections of the fall are largely

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Speaker 1: determined by what people experience in the spring. Doug High,

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Speaker 1: you're no stranger to this process or whipping votes for

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Speaker 1: that matter. You were chief of staff deputy chief of

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Speaker 1: staff for Eric Canter. Do you feel that same urgency?

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Speaker 1: Do you see the Democratic leadership moving this as quickly

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Speaker 1: as we're talking about here, And I say that quickly,

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Speaker 1: my gosh, it's been months. But with regard to this week, yeah, Look,

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Speaker 1: certainly leadership has that sense of urgency where the rest

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Speaker 1: rank and file members are. I just don't think we

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Speaker 1: know and that urgency was in place with leadership before Tuesday,

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Speaker 1: you know, a week before Tuesday, a month before Tuesday.

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Speaker 1: And one of the things that surprised me on this

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Speaker 1: just operationally were the number of times that we've been

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Speaker 1: promised as recently as Monday that we would have a

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Speaker 1: vote today this week, and they've blown through deadline after deadline,

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Speaker 1: and it's not clear to me why this week would

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Speaker 1: then be different than any other week because the pressure

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Speaker 1: points are now gone. Well, I think the answer that

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Speaker 1: Roger was saying to that question is elections, right, is

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Speaker 1: that is that not a motivator? Well, it's sure it's

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Speaker 1: a motivator, but it would have been more of a

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Speaker 1: motivator a week ago. You know, you had Terry mccaullub

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Speaker 1: on the stump saying, essentially, Democrats, I don't care what's

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Speaker 1: in this thing. You just need to demonstrate that you

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Speaker 1: can get any kind of work done. And then, you know,

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Speaker 1: I think Democrats also have the challenge of they don't

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Speaker 1: know what's in this bill, and uh, you know, as

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Speaker 1: Nancy Pelosi rather famously said in two thousand ten, two

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Speaker 1: thousand nine. I guess we have to pass it to

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Speaker 1: find out what's in it. That may be the case

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Speaker 1: for Democrats right now, but there there's still that disconnect

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Speaker 1: between leadership and the ranking file members. Is that a

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Speaker 1: fair assessment, Roger? A lot of lawmakers have said, I'm

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Speaker 1: not voting on anything unless I can read it first. Yeah.

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Speaker 1: I I disagree with very very little of that. It's um.

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Speaker 1: When things are moving this quickly, you know, you could

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Speaker 1: basically hit print at your computer three hours ago, and

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Speaker 1: then the document that you would have in your lap

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Speaker 1: right now could be very very different by the time

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Speaker 1: the sun goes down today. Um. So I I agree

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Speaker 1: with his point, Um fundamentally. Well. So let's say that

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Speaker 1: there's a vote tomorrow. UH will say there's a vote tonight.

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Speaker 1: Let's let's be hopeful here. Uh do both end up

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Speaker 1: moving at once, Roger? As we have heard repeatedly, progressives

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Speaker 1: need to see UH some assurances on reconciliation before they

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Speaker 1: get to infrastructure. Nancy Pelosi knows that she's been hearing

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Speaker 1: this all long. There must be a mechanism for this.

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Speaker 1: When you dissect the language that Chairwoman um Jayapaul has used.

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Speaker 1: I think starting about a month ago, she was starting

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Speaker 1: to kind of telegraph a little bit of willingness to

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Speaker 1: accept some kind of theoretical guarantee, which would be to

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Speaker 1: say that as long as there's an agreement in place

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Speaker 1: that will bring this up within a you know, a

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Speaker 1: couple of weeks or a month or something. I think

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Speaker 1: I saw just a little bit of distance between the

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Speaker 1: two major pieces of legislation open up and and and

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Speaker 1: I took that to be her kind of telegraphing a

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Speaker 1: willingness to do this vote trust the president line is

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Speaker 1: what you're talking about. We trust president? And then and

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Speaker 1: then how much how much wiggle room is there where

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Speaker 1: that trust can still be regarded as something real and

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Speaker 1: and you know um as a as A, as an

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Speaker 1: honest obligation, but then still giving room for the legislative

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Speaker 1: machinations to actually happen, because I just I don't see

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Speaker 1: these things happening in the same twenty four hour period,

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Speaker 1: and probably not in the same week, and maybe not

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Speaker 1: even in the same month. Does every Republican vote no

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Speaker 1: on bipartisan infrastructure because there is this this sort of connection,

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Speaker 1: this implied connection, or is there a good reason for

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Speaker 1: House Republicans to vote to improve roads and bridges. Well,

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Speaker 1: I think you'll certainly see a few Republicans vote for

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Speaker 1: whatever package ends up getting put In places we've seen,

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Speaker 1: you know, over the past few weeks and really last

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Speaker 1: year and a half, some Republicans have really been incentivized

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Speaker 1: to challenge leadership. It's a small group, but that exists.

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Speaker 1: After that, I think the reality is politically, especially given

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Speaker 1: the shape and and makeup of congressional district when you're

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Speaker 1: in the when you're in the minority, your job, in

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Speaker 1: part especially to your to your constituency, which is overwhelmingly

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Speaker 1: of your party, is to not help the other side

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Speaker 1: do anything. So we're watching for the white smoke. In

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Speaker 1: the words of Kevin Brady, the Congressman from Texas, ranking

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Speaker 1: member on House Ways and Means with us at the

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Speaker 1: top of the hour here says, watch the Rules Committee.

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Speaker 1: You want to know when they vote. That comes first,

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Speaker 1: And any of us who remember the last conclave know

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Speaker 1: exactly what he's talking about. They say, there could be

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Speaker 1: a vote tonight, maybe tomorrow, and it could be a

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Speaker 1: working weekend, and we're joined to talk about all of this,

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Speaker 1: and namely the role that progressives are playing the sort

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Speaker 1: of positions that they have been taking, and it seems

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Speaker 1: to be one of trust at the moment based on

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Speaker 1: what we're hearing from Representative Giant Ball, joined by Adam

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Speaker 1: Green now he's co founder of the Progressive Change Campaign Committee. Adam,

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Speaker 1: thank you for being with us. Are progressives on board

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Speaker 1: to move forward? Absolutely? And progressives have been on board

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Speaker 1: to move forward for a while. My understanding is that

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Speaker 1: when this happened, it will be two bills happening pretty

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Speaker 1: much at the same time. The larger Billback Better Plan,

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Speaker 1: which is the crux of the Biden economic agenda, as

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Speaker 1: well as the biparsion infrastructure bill. The Progressives has head

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Speaker 1: along Let's put them together, and that effected the last

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Speaker 1: couple of weeks is that that larger bill has really

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Speaker 1: taken shape, not even more consensus around it, and I

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Speaker 1: think most people are ready to do this. Listen to

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Speaker 1: what Speaker Pelosi said earlier when she was asked about

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Speaker 1: this very thing. Are you voting on these two bills?

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Speaker 1: I think many of you know. I was really very

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Speaker 1: unhappy about not passing the BIFF last week. I really

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Speaker 1: was very unhappy because we had an October thirty one deadline,

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Speaker 1: and I thought that that was eloquent, but not enough,

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Speaker 1: I guess. So now we're gonna We're going to pass

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Speaker 1: both bills, but in order to do so, we have

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Speaker 1: to have votes for both bills. And that's where we are.

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Speaker 1: So does that suggest adam at the stair down between

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Speaker 1: progressives and moderates now, I guess, or the issue they

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Speaker 1: say that they want to see a score, they want

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Speaker 1: to read the bill first. This sort of stareoff continues

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Speaker 1: on Capitol Hill. Yeah, you know, I think some of

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Speaker 1: the reporting on this kind of muddy. Some of the waters.

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Speaker 1: You know, even calling them moderates is not accurate. Most

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Speaker 1: frontline House Democrats, people who won swing districts by two

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Speaker 1: points three points, and most even moderates conservative Democrats are

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Speaker 1: ready to vote and pass this thing. There are a

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Speaker 1: few I would call them, um, you know, either narcissistic

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Speaker 1: or corporal lined or conservative Democrats who are not generally

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Speaker 1: from swing districts. One guy want his districts by forty points,

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Speaker 1: not with forty points, by forty points, another person by

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Speaker 1: twelve points. And these people are just like obstructing the bill,

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Speaker 1: asking for more and more details. As it's a late pactic,

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Speaker 1: and you know that is in contrast and the majority

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Speaker 1: of the caucus, I mean, even Christian Cinema is on

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Speaker 1: board at this point. And that's why most people are saying,

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Speaker 1: let's just get this done, especially after the Virginia New

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Speaker 1: Jersey election results. One of the major messages I think

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Speaker 1: most Democrats have taken from that is as we ask

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Speaker 1: voters for their trust, in order to keep that trust,

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Speaker 1: we have to deliver. And if we don't deliver, enthusiasm

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Speaker 1: goes down because why would I you know, why would

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Speaker 1: a mom working two jobs or three jobs, you know,

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Speaker 1: worried about her kids at night, you know, barely any

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Speaker 1: to any free time to spare her go and vote

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Speaker 1: if it's not going to make a difference in there

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Speaker 1: in that person's life. Right, what this will do is

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Speaker 1: give that person childcare, that person lower cost prescription drugs

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Speaker 1: and healthcare. Right. If that person has an elderly parent,

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Speaker 1: you will address long term or or home care. There's

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Speaker 1: so many things in this that will just make the

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Speaker 1: hassle of everybody of people's lives better, generally paid for

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Speaker 1: by millionaires and giant corporations who have been using loopholes

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Speaker 1: to his avoid paying taxes. It's a super popular bill

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Speaker 1: which gotta get done, and I think at this point

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Speaker 1: there's just a few calcisims Democrats who are not Progressive

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Speaker 1: Caucus members, who are potentially standing in the way. But

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Speaker 1: I'm actually optimistic that they will get mine, especially given

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Speaker 1: the election results this week. Adam Greeny, I recall a conversation.

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Speaker 1: You're you're, you're, you're causing me to recall a conversation

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Speaker 1: I had with Ianna Pressley, the progressive so called member

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Speaker 1: of the Squad, progressive congresswoman from Massachusetts, and she was

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Speaker 1: making the point a couple of weeks ago that these

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Speaker 1: are not options for real progressives. Childcare, she said, is

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Speaker 1: must have, not a want half, climate change provisions, must

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Speaker 1: have not one have paid leave the same deal. Prescription

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Speaker 1: drug prices. Not all of these items, though, are are

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Speaker 1: apparently going to make it in to the final bill.

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Speaker 1: When you look at the initial wish list where we

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Speaker 1: started here, this number has been whittled down quite a bit,

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Speaker 1: and not everything will make it in. Bring us inside

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Speaker 1: the minds of the progressive lawmaker, is there are a

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Speaker 1: thought that, Okay, we're getting as much as we can

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Speaker 1: at least to go ahead with this, or we're going

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Speaker 1: to come back again next year, maybe with reconciliation and

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Speaker 1: get the rest. Yeah, I will say that. You know, look,

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Speaker 1: progressives are extremely pragmatic. I think everybody knows that that

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Speaker 1: they're not gonna get everything they want. Um, probably the

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Speaker 1: most important must have is climate because like the world

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Speaker 1: is at stake literally if we don't act now, and

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Speaker 1: we can't can't play games with that. So while many

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Speaker 1: programs have been whittled back to one to four years

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Speaker 1: of funding, Climate gets full ten years, which is the

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Speaker 1: maximum allowed in this law. Um, you're not getting provision though.

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Speaker 1: That was the centerpiece of the of the climate though.

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Speaker 1: Is there an effort or a thought that there will

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Speaker 1: be an effort later to bring that back or we

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Speaker 1: walk in all affort? No? Absolutely, I mean look, I

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Speaker 1: mean ultimately tillions and trillions of dollars of investment will

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Speaker 1: we needed just for climate? This would be about five

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Speaker 1: fifty five billion. But the good news is that we

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Speaker 1: have reconfigured that you know, the money didn't go down

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Speaker 1: where you know, there's lots of stuff that we can do.

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Speaker 1: This will this was destined to be a down payment

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Speaker 1: on the larger set of stuff that will need to

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Speaker 1: come later. And part of what Joe Biden did negotiate

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Speaker 1: with Joe Mansion is all right, if you objected certain provisions,

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Speaker 1: give me the same money. We'll find other stuff to find.

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Speaker 1: But all of it is chipping away at our obligations

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Speaker 1: under you know, to to address climate change. But to

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Speaker 1: your point, you know, a week ago there were actually

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Speaker 1: three major things missing from this bill that are actually

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Speaker 1: put back in. One was negotiating allowing Medicare to negotiate

430
00:22:55,080 --> 00:22:59,560
Speaker 1: lower price prescriptions with the big farmer companies. It leave

431
00:22:59,640 --> 00:23:04,960
Speaker 1: us back in um and that there's one more those

432
00:23:05,200 --> 00:23:07,720
Speaker 1: and they those make it palatable though for progressives to

433
00:23:07,800 --> 00:23:09,840
Speaker 1: vote for this it does it have to come before

434
00:23:10,119 --> 00:23:14,760
Speaker 1: infrastructure or is that rope a dope over with Well,

435
00:23:14,800 --> 00:23:17,240
Speaker 1: it doesn't matter if it will come before instructure. What

436
00:23:17,240 --> 00:23:19,560
Speaker 1: we're hearing is that what Pelosi will likely do is

437
00:23:19,600 --> 00:23:23,359
Speaker 1: schedule uh, this larger billback better bill one day, probably

438
00:23:23,400 --> 00:23:25,800
Speaker 1: do infrastructure the next day, or it will probably be

439
00:23:25,800 --> 00:23:28,439
Speaker 1: in that sequence which addresses all the trust issues. No

440
00:23:28,560 --> 00:23:31,199
Speaker 1: need to have an artificial fight there. Adam Green, co

441
00:23:31,320 --> 00:23:34,359
Speaker 1: founder of the Progressive Change Campaign Committee, appreciate you're asking

442
00:23:34,880 --> 00:23:39,560
Speaker 1: my questions. You're listening to Bloomberg. You sound on with

443
00:23:39,640 --> 00:23:45,800
Speaker 1: Joe Matthew on Bloomberg Radio. So the progressives are on board,

444
00:23:46,080 --> 00:23:48,960
Speaker 1: most of the moderates are. The Speaker Pelosi says she's

445
00:23:49,000 --> 00:23:52,800
Speaker 1: still hunting for votes New York Times with the headline

446
00:23:52,800 --> 00:23:56,160
Speaker 1: House Democrats hunt for votes to pass Biden's domestic agenda.

447
00:23:56,720 --> 00:24:00,159
Speaker 1: So we're not there yet. At least midday today we

448
00:24:00,160 --> 00:24:04,000
Speaker 1: were not. I played for you the comments from Speaker Pelosi. Earliers.

449
00:24:04,040 --> 00:24:05,880
Speaker 1: It does now the votes. That doesn't mean it won't

450
00:24:05,880 --> 00:24:08,520
Speaker 1: be the case tonight. And we're joined by the panel

451
00:24:08,560 --> 00:24:12,000
Speaker 1: as we reassemble our panel for today, and our experts

452
00:24:12,040 --> 00:24:15,600
Speaker 1: are Democratic strategist Roger Fisk of New Day Strategy, and

453
00:24:15,680 --> 00:24:17,960
Speaker 1: we're joined on the line by Republican analyst Doug High,

454
00:24:18,040 --> 00:24:22,280
Speaker 1: former Deputy chief of Staff, or Republican House Leader Eric Cantor.

455
00:24:23,080 --> 00:24:25,520
Speaker 1: What's your thought after hearing that conversation, Roger, And know

456
00:24:25,640 --> 00:24:28,119
Speaker 1: that they're whipping votes up there right now. We're waiting

457
00:24:28,119 --> 00:24:30,200
Speaker 1: for rules to come together. This whole thing is gonna

458
00:24:30,240 --> 00:24:33,120
Speaker 1: be one full smash, you know, after waiting months and months,

459
00:24:33,119 --> 00:24:35,320
Speaker 1: it's gonna be breakneck. All of a sudden, we're voting

460
00:24:35,359 --> 00:24:37,720
Speaker 1: on everything at once. Do you feel that way? I

461
00:24:37,720 --> 00:24:39,959
Speaker 1: don't know about everything at once, but it definitely seems

462
00:24:39,960 --> 00:24:43,520
Speaker 1: like something's coming. Imagine being Speaker Pelosi right now and watching,

463
00:24:43,560 --> 00:24:46,760
Speaker 1: for example, if American Airlines drops a couple more flights

464
00:24:46,800 --> 00:24:50,520
Speaker 1: or something. I mean her the margin is so thin, um,

465
00:24:50,600 --> 00:24:53,720
Speaker 1: But that's an encouraging message coming from your previous guest

466
00:24:54,200 --> 00:24:58,320
Speaker 1: representing kind of the Progressive Caucus and from Chair wound

467
00:24:58,400 --> 00:25:01,399
Speaker 1: gianpolic I. Like I mentioned, I think people are getting

468
00:25:01,400 --> 00:25:04,680
Speaker 1: to a point where they realize this needs to be punctuated,

469
00:25:04,720 --> 00:25:07,760
Speaker 1: This needs to be implemented, and shovels need to be

470
00:25:07,800 --> 00:25:10,160
Speaker 1: in the ground next spring if they have any hope

471
00:25:10,200 --> 00:25:12,680
Speaker 1: of of proving that they're following through on what they

472
00:25:12,800 --> 00:25:15,879
Speaker 1: promised the American people and having that reflect itself in

473
00:25:15,960 --> 00:25:18,320
Speaker 1: the results of next fall. Doug High, I bet you

474
00:25:18,320 --> 00:25:21,400
Speaker 1: remember the good old days of shovel ready jobs, back

475
00:25:21,440 --> 00:25:24,640
Speaker 1: when Roger was working for President Obama. But what what's

476
00:25:24,640 --> 00:25:27,399
Speaker 1: going on right now behind the scenes? You actually know this,

477
00:25:27,480 --> 00:25:30,000
Speaker 1: you lived at What What is happening as they whip votes?

478
00:25:30,040 --> 00:25:32,600
Speaker 1: Are people being called into the Speaker's office? Is this

479
00:25:32,720 --> 00:25:34,640
Speaker 1: being done on the phone? What kind of arm twisting

480
00:25:34,680 --> 00:25:37,320
Speaker 1: is happening all of the above and include every member

481
00:25:37,320 --> 00:25:39,680
Speaker 1: of leadership. They're meeting with Stenny Hoyer, they're meeting with

482
00:25:39,800 --> 00:25:42,680
Speaker 1: Jim Clyburne, they're meeting with their the leader of their

483
00:25:42,720 --> 00:25:45,880
Speaker 1: state delegations. And the whole goal is trying to get

484
00:25:45,920 --> 00:25:48,440
Speaker 1: to two eighteen votes. And it's one of the things

485
00:25:48,440 --> 00:25:51,280
Speaker 1: that when I worked in House leadership, sometimes we were

486
00:25:51,280 --> 00:25:55,200
Speaker 1: successful at sometimes we weren't. And what Nancy Pelosi will

487
00:25:55,280 --> 00:25:58,000
Speaker 1: not do, it's bring up a vote that's going to fail.

488
00:25:58,280 --> 00:26:00,920
Speaker 1: So if they announced that there is an actual vote,

489
00:26:00,960 --> 00:26:03,240
Speaker 1: not a goal for a vote, that means they've got

490
00:26:03,280 --> 00:26:05,040
Speaker 1: the votes to pass this. But there's still a lot

491
00:26:05,040 --> 00:26:07,720
Speaker 1: of moving pieces, and you know, listening to Frankly the

492
00:26:07,720 --> 00:26:10,760
Speaker 1: traffic update when we were at Commercial, I was reminded

493
00:26:10,800 --> 00:26:13,879
Speaker 1: that every single person who's taking the Holland Tunnel, everybody

494
00:26:13,880 --> 00:26:16,919
Speaker 1: who's listening right now on the C Street going to

495
00:26:17,119 --> 00:26:21,399
Speaker 1: Atlantic Highlands in New Jersey, the salt tax issue is

496
00:26:21,400 --> 00:26:23,600
Speaker 1: a big deal for them. And that's not just divide

497
00:26:23,640 --> 00:26:27,919
Speaker 1: necessarily between moderates and progressive that's a geographic divide as

498
00:26:27,920 --> 00:26:31,119
Speaker 1: well New Jersey. Having lived in New Jersey in North Carolina,

499
00:26:31,440 --> 00:26:35,280
Speaker 1: property taxes sales taxes, income taxes are very different in

500
00:26:35,320 --> 00:26:39,240
Speaker 1: those states. You know. We heard Kevin Brady talking about that, uh,

501
00:26:39,240 --> 00:26:41,479
Speaker 1: and he's not too pleased about it. We had a

502
00:26:41,520 --> 00:26:44,920
Speaker 1: member of Congress from southwestern Virginia with us this time

503
00:26:45,000 --> 00:26:46,720
Speaker 1: last night. He said, how come my people need to

504
00:26:46,760 --> 00:26:49,199
Speaker 1: pay for your your bad tax policy up in New

505
00:26:49,280 --> 00:26:52,000
Speaker 1: York and New Jersey. Yeah, and all those states get

506
00:26:52,000 --> 00:26:55,040
Speaker 1: to pump their own gath let's not for a day

507
00:26:56,040 --> 00:26:57,880
Speaker 1: spoken like in New Jersey. And what do you make

508
00:26:57,880 --> 00:27:00,960
Speaker 1: of that? Uh, Roger, the salt cap. This is something

509
00:27:01,000 --> 00:27:03,240
Speaker 1: that's been in and out so many times. We as

510
00:27:03,280 --> 00:27:05,359
Speaker 1: we just discussed with Kevin Brady, it appears to be

511
00:27:05,640 --> 00:27:09,040
Speaker 1: back in a five year suspension. This is what Alexandriacascio

512
00:27:09,080 --> 00:27:12,200
Speaker 1: Cortez at one point was calling a gift to millionaires. Yeah,

513
00:27:12,600 --> 00:27:14,800
Speaker 1: you could categorize it that way. It's very interesting when

514
00:27:14,840 --> 00:27:17,040
Speaker 1: you get into looking at the federal pie and what

515
00:27:17,200 --> 00:27:20,600
Speaker 1: states um contribute what. For example, thirteen of the fifteen

516
00:27:20,640 --> 00:27:23,800
Speaker 1: states most relying on the federal government are red states,

517
00:27:23,840 --> 00:27:26,760
Speaker 1: and some of the governors thereof have made no small

518
00:27:26,920 --> 00:27:30,040
Speaker 1: national name for themselves off boasting of their fiscal austerity

519
00:27:30,040 --> 00:27:34,240
Speaker 1: and things like that when you a South Carolina, Louisiana,

520
00:27:34,280 --> 00:27:38,040
Speaker 1: Mississippi is getting a one dollar and twenty cents one

521
00:27:38,040 --> 00:27:40,320
Speaker 1: dollar and thirty cents back for every dollar they put in,

522
00:27:40,359 --> 00:27:44,760
Speaker 1: whereas a Connecticut, of Massachusetts of California is getting seventy

523
00:27:45,000 --> 00:27:49,560
Speaker 1: eight five cents back. So there is a donor uh

524
00:27:50,040 --> 00:27:53,439
Speaker 1: dynamic between some states. So when people get into a

525
00:27:53,480 --> 00:27:57,000
Speaker 1: conversation about exactly what state is paying what in terms

526
00:27:57,080 --> 00:28:00,000
Speaker 1: of taxes, they might be very surprised about who comes

527
00:28:00,000 --> 00:28:01,639
Speaker 1: out on the losing end of that. What do you

528
00:28:01,680 --> 00:28:04,320
Speaker 1: make of that, Doug, I think it was hockem Jeffries

529
00:28:04,320 --> 00:28:05,919
Speaker 1: who was who was drawing the line. I think as

530
00:28:06,040 --> 00:28:10,800
Speaker 1: Roger just was between maker states and taker states. Yeah, look,

531
00:28:10,880 --> 00:28:12,760
Speaker 1: it's it's a real it's a real issue. You know,

532
00:28:12,800 --> 00:28:15,520
Speaker 1: as a conservative, what and I've talked to some Democratic

533
00:28:15,560 --> 00:28:17,879
Speaker 1: members about this. You know, one of the things that

534
00:28:17,920 --> 00:28:21,280
Speaker 1: I know frustrates conservatives is that that the answer is

535
00:28:21,320 --> 00:28:23,680
Speaker 1: never that these states can to reduce their own high taxes.

536
00:28:23,760 --> 00:28:25,520
Speaker 1: And you know, having been in New Jersey just a

537
00:28:25,520 --> 00:28:28,879
Speaker 1: few weeks ago and hearing complaints about every level of

538
00:28:28,920 --> 00:28:31,399
Speaker 1: taxation that they have, that never seems to be on

539
00:28:31,440 --> 00:28:34,040
Speaker 1: the table. It's up to Washington to provide a deduction.

540
00:28:34,280 --> 00:28:37,399
Speaker 1: I understand if you represent New Jersey, if you're Josh Gottheimer,

541
00:28:37,640 --> 00:28:40,720
Speaker 1: and you've been working relentlessly on this issue, where maybe

542
00:28:40,720 --> 00:28:42,840
Speaker 1: five years isn't good enough for you need ten years

543
00:28:43,520 --> 00:28:46,440
Speaker 1: for assault deduction. This is again where these things aren't

544
00:28:46,440 --> 00:28:50,400
Speaker 1: just ideological, they're geographic. Producer Matt Shirley just put a

545
00:28:50,440 --> 00:28:52,400
Speaker 1: list in front of me here from Money Geeks actually

546
00:28:52,680 --> 00:28:57,400
Speaker 1: ranks states by federal dependency. Those most dependent states Number

547
00:28:57,400 --> 00:28:59,800
Speaker 1: one New Mexico, I was surprised to see, followed by

548
00:29:00,320 --> 00:29:05,560
Speaker 1: West Virginia, Mississippi, Alaska, Montana, there's your top five, followed

549
00:29:05,560 --> 00:29:10,200
Speaker 1: by Kentucky, where of course the Republican leader in the

550
00:29:10,240 --> 00:29:13,680
Speaker 1: Senate is from. While we have you here, I want

551
00:29:13,680 --> 00:29:15,960
Speaker 1: to ask you about something else big that's happening today.

552
00:29:16,000 --> 00:29:19,320
Speaker 1: We could get a vote tonight on infrastructure reconciliation. If

553
00:29:19,360 --> 00:29:21,120
Speaker 1: we do, you're gonna hear about it on Bloomberg. But

554
00:29:21,120 --> 00:29:24,160
Speaker 1: there's another big headline on another day, we'd probably be

555
00:29:24,160 --> 00:29:26,440
Speaker 1: talking about this a lot more. And that's President Biden's

556
00:29:26,480 --> 00:29:29,920
Speaker 1: vaccine rule for employers. This is something that's been considered

557
00:29:30,400 --> 00:29:33,560
Speaker 1: rather controversial. This impacts companies with a hundred employees or more.

558
00:29:33,600 --> 00:29:36,880
Speaker 1: And I see the Bloomberg headline Biden's vaccine rule is

559
00:29:36,920 --> 00:29:41,840
Speaker 1: here and half of employers are not ready. Is this

560
00:29:41,920 --> 00:29:44,200
Speaker 1: good politics? Roger? I think I know how you're going

561
00:29:44,240 --> 00:29:45,720
Speaker 1: to answer this. This is going to go through the

562
00:29:45,760 --> 00:29:48,520
Speaker 1: Labor Department, through OSHA, apparently a rule that will require

563
00:29:48,560 --> 00:29:51,640
Speaker 1: companies with a hundred employers or more, but they're there.

564
00:29:51,840 --> 00:29:54,520
Speaker 1: This could lead to an enormous number of lawsuits as

565
00:29:54,560 --> 00:29:58,200
Speaker 1: government tries to tell private business what to do, well,

566
00:29:58,240 --> 00:30:00,080
Speaker 1: what to do should they wish to do? Because this

567
00:30:00,240 --> 00:30:02,600
Speaker 1: with the federal government right, Like what I one of

568
00:30:02,640 --> 00:30:04,960
Speaker 1: my takeaways from Tuesday, and I'll loop this back to

569
00:30:05,040 --> 00:30:08,720
Speaker 1: your question. I promises the cartoonish ways that some of

570
00:30:08,760 --> 00:30:13,160
Speaker 1: these issues are um presented on the Republican side, for example,

571
00:30:13,520 --> 00:30:18,200
Speaker 1: critical race theory, Attorney General Garland calling parents domestic terrorists,

572
00:30:18,200 --> 00:30:23,560
Speaker 1: all these things that essentially get incredibly cartoonized and exaggerated

573
00:30:23,640 --> 00:30:28,959
Speaker 1: and kind of metastasized into these existential kind of um threats.

574
00:30:29,000 --> 00:30:32,320
Speaker 1: So my point in that is to say Biden is

575
00:30:32,320 --> 00:30:37,040
Speaker 1: going to get essentially caricatured as a big government, you know,

576
00:30:37,240 --> 00:30:40,160
Speaker 1: kind of authoritarian when it comes to the vaccine no

577
00:30:40,240 --> 00:30:43,040
Speaker 1: matter what he does. So he might as well at

578
00:30:43,120 --> 00:30:46,479
Speaker 1: least post some numbers so that he can go with

579
00:30:46,680 --> 00:30:49,560
Speaker 1: data and present his you know, his record and his

580
00:30:49,640 --> 00:30:53,440
Speaker 1: justifications thereof to the American people, because fast forward to

581
00:30:53,520 --> 00:30:56,040
Speaker 1: next fall and they'll be saying the same kind of

582
00:30:56,040 --> 00:30:57,880
Speaker 1: stuff about him anyway, So I might as well have

583
00:30:57,880 --> 00:30:59,960
Speaker 1: the numbers to UM to show for it. Well, it's

584
00:31:00,000 --> 00:31:01,800
Speaker 1: an interesting approach. And this is different than what we're

585
00:31:01,800 --> 00:31:04,160
Speaker 1: seeing in New York right where municipal employees were walking

586
00:31:04,160 --> 00:31:07,440
Speaker 1: off the job because there was not an alternative for testing.

587
00:31:07,440 --> 00:31:10,120
Speaker 1: This actually would come with an alternative for regular testing

588
00:31:10,680 --> 00:31:14,000
Speaker 1: or or covering your face masking up at work. Doug Is,

589
00:31:14,000 --> 00:31:16,840
Speaker 1: is this a problem for you as the White House

590
00:31:16,880 --> 00:31:21,040
Speaker 1: gets involved in private business? No, again, I think it's

591
00:31:21,080 --> 00:31:23,760
Speaker 1: it's really an issue of who's doing UM business with

592
00:31:23,760 --> 00:31:27,200
Speaker 1: the federal government, and politically for Joe Biden, he knows

593
00:31:27,320 --> 00:31:30,640
Speaker 1: that ultimately when you look at everything that happened on Tuesday,

594
00:31:31,000 --> 00:31:33,560
Speaker 1: it all ties into COVID one way or another. The

595
00:31:33,600 --> 00:31:37,040
Speaker 1: whole issue of schools in Virginia began with schools being closed,

596
00:31:37,040 --> 00:31:40,560
Speaker 1: and more schools closed in Virginia than anywhere else. Obviously,

597
00:31:40,600 --> 00:31:44,680
Speaker 1: the economy, inflation, the supply chain, all these things that

598
00:31:44,720 --> 00:31:47,880
Speaker 1: we look at. Even border security is of extent. COVID

599
00:31:47,880 --> 00:31:50,120
Speaker 1: affects all of this. The best thing that Joe Biden

600
00:31:50,160 --> 00:31:52,480
Speaker 1: can do for the country, much less for his own

601
00:31:52,840 --> 00:31:55,760
Speaker 1: re election, is to get us past where we are

602
00:31:55,880 --> 00:31:59,040
Speaker 1: right now and worrying about other variants and you know

603
00:31:59,120 --> 00:32:00,800
Speaker 1: all the things that have going on with this, to

604
00:32:00,800 --> 00:32:03,680
Speaker 1: get America really back on track. We see issue and

605
00:32:04,160 --> 00:32:08,640
Speaker 1: issue after issue where Democrats, not just Biden, are underwater

606
00:32:09,120 --> 00:32:12,840
Speaker 1: in polling. But more than anything, it's really the right track,

607
00:32:12,920 --> 00:32:15,200
Speaker 1: wrong track, and that all goes back to COVID. I

608
00:32:15,280 --> 00:32:17,320
Speaker 1: want to add to that, right, No, I actually completely

609
00:32:17,360 --> 00:32:20,600
Speaker 1: agree with it. I'm old fashioned. I think good policy

610
00:32:20,680 --> 00:32:24,080
Speaker 1: makes good politics. He said he would follow through and

611
00:32:24,080 --> 00:32:27,200
Speaker 1: and flatten this, flatten these numbers, and that's that would

612
00:32:27,240 --> 00:32:30,959
Speaker 1: be perfectly politically valuable and relevant for him to do

613
00:32:31,000 --> 00:32:33,200
Speaker 1: exactly what he told the American people he would do. Wow,

614
00:32:33,200 --> 00:32:35,160
Speaker 1: we're all agreeing on a lot of stuff here. We

615
00:32:35,240 --> 00:32:38,680
Speaker 1: got a job's report tomorrow. Uh. Kevin Brady, who was

616
00:32:38,720 --> 00:32:40,400
Speaker 1: on with us at the beginning of the hour, Doug

617
00:32:41,120 --> 00:32:44,280
Speaker 1: was referring to the President being a million jobs short,

618
00:32:44,360 --> 00:32:48,160
Speaker 1: of of of his goals. That too is tied to

619
00:32:48,240 --> 00:32:50,320
Speaker 1: COVID as we wait for people to come back to work,

620
00:32:50,320 --> 00:32:52,160
Speaker 1: and we're not always sure why are they afraid of

621
00:32:52,160 --> 00:32:55,040
Speaker 1: the workplace? Are they waiting for for childcare? Maybe they're

622
00:32:55,040 --> 00:32:58,200
Speaker 1: dealing with with with an older person in their family

623
00:32:58,200 --> 00:33:01,360
Speaker 1: who can't get out of the house. How much is

624
00:33:01,400 --> 00:33:05,960
Speaker 1: that going to be uh blamed? I guess on President Biden.

625
00:33:06,000 --> 00:33:10,560
Speaker 1: If if these numbers continue to lag projections by economists, Yeah,

626
00:33:10,560 --> 00:33:12,320
Speaker 1: it's a real part of it. And also you have

627
00:33:12,360 --> 00:33:14,320
Speaker 1: a lot of people who just have decided I don't

628
00:33:14,360 --> 00:33:15,960
Speaker 1: really need to go back and do that anymore. It

629
00:33:16,000 --> 00:33:19,000
Speaker 1: turns out I didn't really enjoy it. You know, I would.

630
00:33:19,040 --> 00:33:21,040
Speaker 1: I would can see that not every voter thinks about

631
00:33:21,080 --> 00:33:24,200
Speaker 1: what's happening in downtown Washington is being critical for their lives.

632
00:33:24,720 --> 00:33:27,040
Speaker 1: But if you go to if you still go to

633
00:33:27,080 --> 00:33:30,280
Speaker 1: downtown Washington right now, it's a ghost town, that's for sure.

634
00:33:30,320 --> 00:33:33,000
Speaker 1: People aren't going back to their offices, which means they're

635
00:33:33,040 --> 00:33:35,480
Speaker 1: not taking the subway, they're not taking the bus, they're

636
00:33:35,480 --> 00:33:38,920
Speaker 1: not getting sandwiches for lunch or cocktails and you know

637
00:33:38,960 --> 00:33:41,840
Speaker 1: whatever at dinner. The town is still a ghost town,

638
00:33:41,840 --> 00:33:44,000
Speaker 1: and that's still happening in a lot of cities throughout

639
00:33:44,040 --> 00:33:47,040
Speaker 1: the country, and that's ultimately where those jobs numbers. You know,

640
00:33:47,280 --> 00:33:49,080
Speaker 1: that's a big part of where those jobs numbers are

641
00:33:49,120 --> 00:33:51,680
Speaker 1: and why they've been lacking. I was struck coming back

642
00:33:51,720 --> 00:33:53,320
Speaker 1: to d C. Rodger to see how quiet it is

643
00:33:53,360 --> 00:33:56,560
Speaker 1: here compared to New York, Boston, wherever else where. People

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00:33:56,600 --> 00:33:59,400
Speaker 1: are starting to come back, where there are traffic jams.

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Speaker 1: How important is that number tomorrowful, President Biden. I think

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00:34:02,680 --> 00:34:04,880
Speaker 1: it'll come in probably very close to where it's been.

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Speaker 1: When I was listening to Representative Brady's comments earlier, I

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Speaker 1: was thinking back. You know, nineteen is presented as kind

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Speaker 1: of the the halcyon year of the of the Trump presidency,

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00:34:14,080 --> 00:34:18,200
Speaker 1: and I remember clearly February of nineteen, the job's report

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00:34:18,239 --> 00:34:22,760
Speaker 1: was forty jobs. May often was seventy thousand jobs. Really

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00:34:22,760 --> 00:34:28,360
Speaker 1: weak and anemic numbers. Biden's shugging along at that's pretty

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00:34:28,360 --> 00:34:31,080
Speaker 1: solid given what we've been through in the last eighteen months.

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Speaker 1: Great conversation with Roger Fisk and Doug High. God, there's

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Speaker 1: a lot of smart people around here. I thank you both,

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Speaker 1: and great to have you in studio with us. Roger,

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Speaker 1: let's do this again soon. Thanks to the Congressman. We'll

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Speaker 1: meet you back here tomorrow, same time. This is Bloomberg