Sound On: Dems Inflation Worry, Musk on Trump Tweet Ban

us till about the third week of this month. They are mobilizing people. They are now sending notices the people in the reserves. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. President Biden offers his plan to lower inflation just as gas prices hit a new high. Welcome to the fastest hour in politics, as we explore the most

important issue of the mid terms. Of course, rising prices with details on the President's plan on veil today may sound familiar in many cases, along with what he calls the ultra maga alternative and reaction from the top ranking Republican on the House Ways and Means Committee will be joined in just a moment by Congressman Kevin Brady of Texas and from our panel Bloomberg Politics contributors Jeanie Chanzano and Rick Davis with analysis and an eye on the primaries.

We're gonna look at the vote happening today in West Virginia and Nebraska with Bloomberg campaign specialist Greg Giro, and we'll have an eye on the House this evening. With a vote expected on a nearly forty billion dollar emergency Ukraine spending bill, above the number President Biden requested, it appears to have enough support to clear both chambers by early next week. If things go as planned. It's a

clean bill, right. This is a pretty big development today. Actually, as the President backed off Democrats backed office idea of attaching COVID funding, he issued a statement suggesting that he understands it's gonna bog things down, and so here's your clean bill, and it's gonna be well timed. As we

heard to day from Pentagon Press Secretary John Kirby. Here he is between what the President just announced Friday and the hundred million that we still have left, and we're going to be working that in real time with the Ukrainians. Um that that will get us till about the third week of this month is what we're pretty much anticipating,

which is why we uh. We continue to urge Congress to pass the President's supplemental request as soon as possible so that we can continue to provide aid to Ukraine uninterrupted. So next week and as lawmakers prepared to vote on more weapons and humanity Harry and aid for Ukraine. Inflation was the talk from Wall Street to Washington as President Biden addressed the nation again today, show work that's been done, plans for the future, to get prices down. Here's the President.

Our economy is gone from being on the men on the move. But for every worker I met who has gained a little bit of breeding room to seek out a better pay job, for every entrepreneur who has gained the confidence to pursue their small business dreams, I know the families all across America are hurting because of inflation. He offered a number of familiar ideas from what we once called build back better think, expanded child tax credit,

lowering the cost of prescription drugs. The President spent those much time talking about Republican economic policies, and so we wanted to get reaction from the top Republican on the House Ways and Means Committee. That would be Congressman Kevin Brady of Texas. He's with us now. Congressman, welcome back to Bloomberg, Joe, thanks for having me. President Biden addressed the American people today about the economy. He talked a lot about inflation, which you and I have talked a

lot about the causes, the potential cures. I want to walk through some of the things that he said with you, as presented at the White House today, what he called to alternatives, his plans for future growth and to lower prices. And one as he framed from Congressional Republicans, it's actually from Senator Rick Scott. I realized you're in the House, but here's how he put it. And then I'd love

to have your respond Senator Rick Scott, Wisconsin. Remember the Senate Republicanship laid it all out and the plan it's the Ultra Maga Agenda. Third plan is the raised taxes on seventy five million American families over pent of who make less than a hundred thousand dollars a year total income. The average tax increased would be about one thousand, five hundred dollars per family. They've got a backwards in mim Now, first congressman, we know Rick Scott is from Florida. But

beyond that, it is President Biden wrong about this plan? Yeah? He is. In fact, he's been fact checked repeatedly. I think he was given three pinocchios for that claim that the Republican tax plan is Rick Scott's plan. It's not. That's one member of the Senate. The chief manner is our Our tax plan is what you know, making permanent those lower tax rates for families, small businesses, doubling the child tax credit and making that permanent, in helping the

standard deduction. So yeah, I'm surprised the President continues to make that claim because even the Washington Post fact sector is He also talks about Rick Scott's plan to sunset social programs. You've heard about this requiring things like Social Security to be renewed after five years. Is that wrong? You know, I think there's a better way to save so Security once and for all. I do think though, that many states do put sunset on their programs in

agencies to hold them accountable to taxpayers. They normally do it on a decade or every twelve years. And that's just to make sure that again taxpayers have a saying whether these agencies go on into an eternity. I I in fact carried that legislation as a freshman and sophomore, passed down the House. But no, it it exempted so security, Medicare, and those entitlement programs. Is that something the President was

passionate about this. He raised his voice last week. He said people have been paying into these programs for their entire lives. President is just is desperate throwing anything out there, including what many people believe is in the illegal cancelation of student dead And so I think he's doing his best to try to make just wild claims and hope the public believes it. But they don't. They've seen his presidency, they've seen this economy, they've seen the border, uh, and

they've seen the crime. And so I don't think any of these desperation, you know, efforts are gonna work. Well, he's creating the two paths you you come with the Democrats, as he framed it, releasing oil from the strategic reserve, squaring away the supply chains, extending the child tax credit. One you mentioned lowering drug prices or go the ultra maga route. Do you does that name bother you? Yeah,

you know, not necessarily. But he obviously is trying to make this election about President Trump, when in fact everyone knows this. This election is about President Buy and Democrats in Congress. And if he wants to talk taxes, first, let's talk inflation. That is a huge tax and this year of the average family about five thousand dollars more to buy what they did the year before. It's just crushing.

And secondly, he's still trying to push for a trillion a half tax take on main street businesses that will drive inflation even higher. Other countries are lowering their taxes to deal with inflation. This present is trying to heap more on main street businesses and families. So look, I don't think he can escape his own presidency. At this point,

that gets awfully confusing. The President says, these components what we call build back better last year and may come up in some other form this year, is how to lower prices. Republicans say, no, that is actually why prices are higher. I guess my question for your congressman is can we beat inflation without going into a recession. Now that the FED is addressing this, you know, because here's my worry, Joe, because both the White House and the SAID was in denial and sort of dismissed this for

all of last year. Now, the likelihood of the recession that's needed to break that that inflation cycle now is much higher, and I think that delay has hurt the country in a big way. So it's gonna be tough. Every wage by spiral like we're in today ends in a recession, and it's very painful, which is why all last year we were so you know, frustrated with Look, you've got to deal with these these issues, Mr President. So now I think it's very likely it it ends

up in the recession. President outlined the causes of inflation today, pandemic, and the war in Ukraine. Of course, the pandemic comes with all kinds of stuff, the shifting demanded goods, the impact that COVID had on economies, shutting down the supply chain issues. But is that oversimplifying the matter. It is in a big way, and yes, those factors do matter. But but long before that was the president's own nearly two trillion dollar COVID stimulus that fueled inflation. You can

look at every graph and watch it just take off. Right. Then, secondly, his own policies, besides just that two trillion dollars of stimulus and and other programs, is that same bill paid a lot of Americans to stay home rather than reconnect the work, which is why we still have a worker crisis, which is driving inflation. We don't have the people demand the production lines to symbol products, to deliver them, or even service them. And so these are his policies, This

is his inflation. That's why so many people. Now I'm looking at my screen trending Biden inflation. You know, this is a this is a big issue for family. You

and I have talked at length about energy prices. Are the administration's attempts to boost domestic drilling, and I know you disagree with the pre war policies when it comes to energy from this White House board, of these new efforts actually working to increase production, yeah, they're not, unfortunately, because on one hand, the presidents talking about need to do more production and releasing you know, strategic fuel from our reserves, but on the other hand, announced from new

regulations that that lock off large parts of America from expiration and production. He still continues to block the pipelines that could get this this oil and gas to the refineries and back out to our communities. And so yeah, I think it's a sort of a bait and switch that Again, I think the public has seen so much in these past this past year and a half that I just Joe, I may be wrong, but I don't

think they're buying it. Four dollars thirty seven cents a gallon an all time high when apparently not adjusted for inflation. But that's a big number. Does it go higher? It's huge, Yes, that likely does. UM, it does because demand continues to be strong. Uh, we're seeing, you know, the countries start to wean themselves off Russian oil. They're going to be relying on you know, countries like the US that does

an export on natural gas and other issues. And so yeah, I think, uh, I think the continued uncertainty in the world and in the US on production UM is going to drive prices. Lastly, Congressman aid for Ukraine, Does that forty billion passes a clean bill? You know? I think it does. I I this is so I think most members of Congress have not yet looked into that forty billion exactly how that breaks down. But I would say, you know, on the surface of those are valid lethal

weapons and in other support we give them. I think it'll it'll, it'll pass. Congressman Kevin Brady, Republican from Texas, ranking member ways and means, it's great to have you back on Bloomberg. Thanks take care. Coming up, we assemble the panel with Bloomberg Politics contributors, Democratic analysts Genie Schanzano, and Republican strategist Rick Davis. As voters are presented as you just heard, with the Biden plan or the Ultra Naga version on the buffet of choices, we'll get into

what with. The panel will check traffic and the markets for you after hours as well. On the fastest hour in politics. This is Bloomberg. You're listening to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. The headline on the terminal Biden nods to families, inflation, pain lashes out at GOP plans. Congressman Brady didn't seem to like what he heard, and well, I guess that's all by design.

As the President went for the Ultra Maga yet again, we got a little peek behind the curtain last week at that the speech to the President was talking about deficit reduction and reeled into this, uh, this, uh, what I guess will be a permanent portion of the speech here about Rick Scott and his economic proposals ultra maga though I guess goes beyond just the economy. It's it's all political issues from that perspective, As we heard from Jensaki when she was asked about on the White House

Press briefing, here's the press secretary. But he's also not going to stand by UH and not call out what he sees as ultra maga behavior, ultramaga policies UM that are out of the mainstream of the country and are not in the interests of the American people, whether that is efforts to prevent a woman from making choices about her own healthcare, or whether that is Chairman Scott's UH policy and proposals on that would raise taxes on people

making less than a hundred thousand dollars a year. UM. He's going to continue to call that out, but he believes there are still a path to move forward on where we have agreement. All Right, let's assemble the panel to talk this out a little bit with Bloomberg Politics contributors Jeanie Schanzano and Rick Davis. Genie, was this successful today to kind of bring the two lanes at once here. This is what we're doing and hope to do with inflation.

Here's what the ultra maga alternative is? Or is Joe Biden not the person to be telling that to voters. He's the person who has to be telling this to voters. You know, from a perspective of the Honomy policy proposals, there was nothing new here. As you talked about with Representative Brady, there was not one new proposal from a political perspective. He got to underscore his major argument, ultra maga, this is not your father's Republican Party. These kinds of

lines they keep throwing out. You know, they want to talk about Rick Scott as much as they possibly can, But the reality of this situation is it is a desperate situation for the White House. I was looking back when Gerald Ford took the White House. He went before Congress and he asked people to carpool, turned down their thermostats and plant a wind garden. This is how desperate presidents get Alan Greensband later said it was incredibly stupid,

but he had no alternatives. Same position Joe Biden is in right now. That's why he's going to talk about mega Trumps and Rick Scott as much as he can. Well, that's a tough position to be in here, Rick. I think I'm just curious from a scientific messaging standpoint, if you're preparing the president to address the nation about the number one issue that could likely derail Democrats here in

the mid terms, does it cloud the message? Does it do you get in your own way when you start spending as much time on ultra maga as you do your own ideas well? Joe, I only wish there was something scientific about messaging. Maybe I made that up. Oh no, it's all right. You look at the polls, you try and test words and phrases, and at the end of the day, it just depends upon what's backing them up.

And in this case, I think that the the challenge Biden has is he really doesn't have anything new to offers, as as Kevin Brady said, and and I think that

that's that's gotten painted into a corner. I don't know why he doesn't take a leaf out of what Congressman Brady was suggesting, and and and throw in some gas tax holidays, do something to lower taxes, Do something that will actually take some of the financial burden away from households and businesses, rather than thinking about ways of sustaining an economic agenda that maybe seemed fine to him at the beginning of his administration when there was no inflation.

But but he's just not shown the ability to pivot now that the economy has changed and he's got a new burden to bear, and and and at least today was his first attempt, you know, months months into this to actually address it head on. I mean we rarely heard him even say the word inflation, you know, for the last six months, while it has built up into this crescendo. Yeah, this is the day, as you well know, Genie, that we hit a new high four dollars thirty seven

cents a gallon. It's just in the air. You look at the stock market, you get a sense of what everyone's talking about on Bloomberg, for instance, and you kind of look at the conversation that's happening here in Washington. The President is also going out of his way to talk about. Look, this was two causes, right for it wasn't all the spending, It was COVID, it was a pandemic, and it's the war in Ukraine. Are people going to

believe that in November? Yeah, I filled up mike today was four Someone reminded me it was around two nine a year ago. And so it is stunning as we all go to the you know, fill up our gas and get groceries and everything else. Um, you know, whether people believe it or not, you know, there is truth to the fact that COVID and the Russian invasion did have an impact on the price of oil and food

and everything else. But the fact is neither COVID nor nor Putin are going to be on that ballot in November. The president knows this is a referendum on who's in power. They are in power, Democrats are in power, so they're going to take the heat, which is why he is trying desperately to turn the conversation around. We heard it over and over today. He wants to say that, yes, we're in control, but if you let the Republicans, these ultramaga people come in, you know what they're gonna do.

They're gonna cut Social Security, cut Medicare, cut medicaid, increase your cost of living. So don't put them back in power because it will be worse. I mean, we you know he's really talking about it's bad now, but it's gonna get worse. It's a warning and we're going to keep hearing it until November. It is a warning. Obviously.

The question is whether it's too late, Rick Davis, you know, look, I mean, you know, it's never too late because each of these races have a certain tolerance, right they they they some of them are gonna be closer than others, and you want to try to win the close ones. There's a whole triage that happens, and I'm sure this administration is looking at that. Going we have to save as many seats as we can with at least some

of these proposals. We're going to dig into a couple of them, a couple of primaries coming up as they vote in West Virginia and Nebraska. Greg Borrow, our politics campaign guru, will be here along with the panel. On sound on. I'm Joe Matthew. This is Bloomberg broadcasting live

from our nation's capital. Bloomberg to New York, Bloomberg eleven Frio to Boston, Bloomberg one oh six one does San Francisco, Bloomberg nine sixty to the Country, serious x m General one nine and around the globe the Bloomberg Business app and Bloomberg Radio dot Com. This is Bloomberg Sound On with Joe Matthew. It's the first incumbent versus incumbent matchup in the cycle. I feel like a boxing announcer now. Now it's primary day in Nebraska and in West Virginia.

Were redistricting left to lawmakers in the same district to fight it out in a game of political musical chairs, and you better believe Donald Trump is involved. We'll talk about it all in a moment with Bloomberg campaign guru Greg Giro. Voters out today in two states on this primary Tuesday. It's Nebraska and in West Virginia as well, where we have two incumbents left to fight over one

congressional district because the lines were redrawn. When the music stops, there will be either Representative Alex Mooney endorsed by Donald Trump or Representative David McKinley endorsed by Joe Mansion, among others. So far the music has come from a string of really over the top, but I have to admit kind of fun political ads have a taste. Stand by for a Trump alert. President Trump has endorsed Alex Mooney for Congress,

committed to beating Biden inflation. Alex Mooney is the official Trump Republican choice for Congress, who broke with Republicans and voted for Joe Biden's spending spree that's driving up inflation? Who did that? David McKinley, Republican back him? Good question. Mooney wins Trump's quote, complete and total endorsement. Alex Mooney endorsed by Trump, a fighter for Congress to move to West Virginia just to watch the ads. Bloomberg's Gragged you

out puts a finger on it. Trump's endorsement tested in West Virginia incumbent matchup Greg Welcome back, Happy primary day. Alex Mooney and David McKinley have been fairly similar creatures, voted along similar lines in Washington. Right. So is this a personal vendetta by Trump against David McKinley. Yeah, in a sense, it is because while David McKinley is a pretty strongly conservative voting record. He did antagonize Donald Trump on two big votes. One was the infrastructure package. Thirteen

Republicans voted for Joe Biden's infrastructure law. And then McKinley was one of thirty five Republicans who voted for what would have been a bipartisan commission to investigate the January attack on the capital that never became law. A different commission did McKinley opposed, But those two votes alone really angered Uh, Donald Trump, and that led him to endorse Alex Moody Alex Mooney over McKinley in this very rare member versus member primary. All right, so here we are.

Mooney also enjoys support of the Club for Growth, right uh Lauren Bobert among others, and Representative McKinley has the backing of Joe Mansion is, of course, also voted for the bill and actually helped to craft it along with the Chamber of Commerce, which backed the bill. Joe Managine even made an ad for McKinley. I'm sure you've seen it. Greg. To try to set the record straight on all this, take a listen to Joe Mansion for Alex Mooney and

his out of state supporters. To suggest David McKinley supported Bill back better is an outright lie. David McKinley has always opposed reckless spending because it doesn't make sense for West Virginia. So who means more in West Virginia, Greg Trump or Mansion? Yeah, I guess we'll find out later tonight.

But Trump's certainly. Trump's endorsements certainly carries a fair amount of weight as we've seen in previous races, but it does, um you know, Joe Manson's intervention this race is very unusual in that he's obviously a Democrat waiting into a Republican primary here. But as Joe Manson has shown, he has one plenty of Republican votes in West Virginia as well. But McKinley does have the geographic advantage. He represents more

of the merged district and Alex Mooney. However, Alex Mooney did enter the home stretch of the campaign with more money left to wait and see who's gonna win this one? But uh, yeah, it's seen more than five million dollars in television advertising in which goes a long way in northern West Virginia. Club for Growth was responsible. I think for one of those millions, which is a heck of a lot of money. To your point, In West Virginia, how how's the polling look, Greg? Is there enough to

draw conclusions? That's been pretty scarce. I think it's a tough state to poll, and um, there hasn't been much independent polling. I believe there's one independent survey there was released in the last couple of days that had Mooney ahead of McKinley. How about Nebraska, We're also watching how the Trump brand plays tonight in Nebraska the Republican gubernatorial primary.

Charles Herbster Mr. Herbster, backed by Trump, largely self financed, facing off with Jim Pillen, veterinarian and I love self described pig farmer. You've got to know we're not in Washington anymore. Pillen was endoored us by the sitting governor, who I believe, because of limits, is leaving. Greg. How does this one look? Yeah, so Pete Ricketts, the current Nebraska Republican governor, could not seek re election because of

turn limits, and he's endorsed the pilling. As you mentioned Charles Herbster, he's a interesting guy who is always wearing cowboy hats, and uh, I believe like a vest in a tie every time he's uh goes in campaigns, and he's a campaigning with the enthusiastics enthusiastic support of Donald Trump. It's an open seat, as we've talked about, and a very very Republican state, and given how strongly Republican the state is, whoever wins the primary will be strongly favored

to be elected governor in November. Do you have a sense what drew Donald Trump into this one or is he just he just needs to plant the flag everywhere? Uh. He definitely likes to intervene in races where he has a kind of a I think maybe a personal liking to the candidate, maybe the candidates style in this case, maybe Herbster's uh um, you know, anti anti establishment, anti

Washington rhetoric appealed to Donald Trump in his cames. You point out the fact that Joe Manchion is a Democrat making an ad for a Republican here in this case reminds me of when Ray Flynn made an ad for for Scott Brown. That kind of stuff gets attention. But Joe mansion is also has this sort of grandfatherly role that he plays in West Virginia politics, right, I suspect that that got some attention. It really did, and I think in and I'm hard pressed I did. I had

forgotten almost about that. Scott Brown uh Win the head there. It's a good pull there. But you know, in most cases, it's very very risky, if not politically suicidal, to you know, announce an endorsement in a primary election from a politician

from the opposite party. But in this case, it just kind of speaks to how just how well liked that Joe Mansion is in you know, some Republican circles that David McKinley felt they would have helped his campaign rather than hurt it to have mansions and premature for this primary, you expect a late night. What are you watching for the next few hours, Greg, after the polls closed, Well, seven thirty PM is when the voting is supposed to end in West Virginia. Sometimes the county can be a

little bit slow. But you know what I have is the have a map of the twenty seven counties in the McKinley Mooney merged district. Nineteen of them are held by McKinley and eight of them by Mooney and I'll watch the returns that they come in. And if Mooney starts doing quite well in counties that McKinley is winning,

that's going to be obviously good night for Mooney. But if McKinlay can hold his own and his in his home turf and kind of parlay that geographic advantage to uh to his to his edge, then it'll be good night for him. I always love to spending time with Dreg Arrow on a primary day, isn't you can? You can just get the enthusiasm through the phone, right, I love it. Thank you great reporting. We'll be watching for you on the terminal. Reassemble the panel. Next, this is Bloomberg.

You're listening to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. So is it Mansion versus Trump in West Virginia? Is your sounds? Get speaking with Greg indirectly? Of course, you know, with Mansion backing McKinley, Trump going with Mooney because McKinley voted for the infrastructure bill, which of course Joe Mansion was a big part of. And we've got an interesting primary here. Of course, again one district lost because of redistricting, redrawing the lines, which means

you have incumbent on incumbent. And here we are again with the panel curious to hear what they think. Bloomberg Politics contributors Jeanie Chanzano and Rick Davis Rick. This is another example of Donald Trump making a decision to endorse somebody, largely for sort of personal reasons. In this case, he was offended by the vote on infrastructure, by the vote on January six. Uh what kind of a way to

pick a horse is that? Well, it's not the first time that Donald Trump has retribution as a primary political motivating tool. In fact, that's kind of his whole m o. I'm gonna if you do anything that cross with me. Yeah, ask Liz Cheney. So uh so, this is pretty standard operating procedure for Donald Trump. And and and in this case, if he is successful, it's kind of a double victory lap, right.

I mean, not only does he get the guy he picked, but he's dispatching someone who actually did something he didn't like. That's what's so unique about these two incumbents. You know, they have track records in the House, and and Donald Trump could actually uh beat back an opponent at the same time, putting someone in there who will basically endorse whatever his point of view is. What do you make of the Joe Mansion endorsement. I'd like to hear from

both of you on this. But Rick as a Republican having the Democrat come in, or was that the other way around? The Republicans called the Democrat and said, hey, we really would love for you to make an ad. You know, I grew up in Virginia politics, you know, and we had this classic guy, uh, Senator Harry Bird, who was an independent, and and everybody wanted his endorsement, right,

I mean Republicans wanted his endorsement, Democrats wanted his endorsement. Uh. And I think this is the same kind of thing. I think that Joe Manchin is kind of the Harry Bird of West Virginia, you know, brought up to speed on on the current political scene. And and he's just a guy who Democrats want, Republicans want. He's extremely popular

amongst both constituencies in um West Virginia. And it'll be interesting to see how much, if he doesn't pull this off, how much that made me affects his his his power base, because right now, I mean, he's playing some pretty hard political shots with the Democrats, you know, with the understanding that he can get away with it, and and if he looks like he's failed here, it might chip away at some of that armor. That's an interesting way of looking at it here. What do you make of this genie?

If if, if, if Joe Manchin has that kind of grandfatherly presence in West Virginia politics, how does Donald Trump come close to that? Well, he comes close to it because he won every county in West Virginia in he it's his second best state in the country. He wins by six to me. This is Donald Trump versus infrastructure. And if Donald Trump wins, that speaks volumes to how he controls this party. Because West Virginia desperately needs infrastructure money.

Forty five bridges in that state rated in poor condition, the highest in the country. They have the second highest rate of power outages. You can just go on and on. They need the money. You have McKinley saying, hey, look it, I didn't play politics. I voted for what we need. And yet he could very well lose. And by the way, in this new district, he is in much more representative of the new district than Mooney so this is a big win for Donald Trump if he pulls this off

pretty incredible quickly. On the Nebraska gubernatorial it's just interesting. Uh in this case, you've got a pig farmer veterinarian versus a pretty rich guy has been financing his own campaign largely walking around in cowboy hats. Rick, what's a better story for the Republican Party. You know, it's kind of a win win. Whoever wins this is gonna win the election. I have to be for the veterinarian. My

wife's a veterinarian. I can't oppose a veterinarian. But uh, but at the end of the day, I'd really side with the pig farmer because what what Washington, d c. Needs Is some much better barbecue. And maybe if this guy, you know, could have some influence in Washington, we get some decent barbecue. But this is a win win. Republicans are gonna win this seat. Um Uh. The governor's wildly

popular there. He can't run because he's term limited. So I think this has much less controversy associated other than you know, maybe some of the piccadillos that have been uh talked about regarding one of the candidates. Um, it's it's it's a it's a little bit of a foregone conclusion. He's pulling for the pig farmer Regina. That means Donald Trump would lose in Nebraska. That's right. And you know I am pulling for the pig farmer as well. There's

also we th Canada in this race. But you know, it is important to say that the Trump endorsed candidate is facing serious allegations of misconduct with eight to nine women who have accused him, um of sexual misconduct, and so he is somebody who is controversial from the start.

He has been endorsed by Donald Trump, and once again you have him versus the more establishment These are all conservative conservatives, but the establishment wing if you have anything like that of the Nebraska Republican Party and in the candidate that's endorsed by the governor of the sitting governor of Nebraska. So it is a big, big, another sort of notch in Trump's belt, if you will. If he pulls these off against people who live there, who work there,

and who know these people. Well, if we're talking Trump, we need to we need to talk about Elon making news today at what was the Financial Times future of the car summit, and of course Mr Tesla was there, but it was Twitter that made the news. Listen to what Elon Musk says about reinstating Donald Trump. He says he will do that assuming this deal goes through and

he's actually running Twitter. Listen to Elon Musk. He has publicly stated that he will not be coming back to Twitter um and that he will only be on truth Social. And this is the point that I'm trying to make, which is perhaps not getting across, is that there is that banning Trump from Twitter didn't end Trump voice. It will amplify it among the rights. And this is why it is molly wrung and flat out stupid spoken like

Elon Musk, Rick Davis is their truth to that? Does that create the martyrdom that allows Donald Trump to last? You know, it hasn't um You would have thought that had been implemented before. True Social has been kind of a dismal failure so far. Maybe it's technology that's limiting it, but certain people will still be listening to Trump if he were still on Twitter. I think the same people who were probably on True Social would be on Twitter and and and they probably already are and so it's

really up to Trump. Uh, he's trying to now feather bed his own economics by promoting true social Uh. It would be a huge blow to them if he went back onto Twitter. So he's he's the one who's created a kind of jam for himself. Whereas economic interests aren't aligned with his political interests. The stock has been hammered this back that will eventually lead to to this being public genie. Uh, to hear Elon Musk, though, it will amplify it among the right, which is why it is

morally wrong and flat out stupid. Should Twitter have bumped

Donald Trump to begin with? It's morally wrong, he says, yeah, you know, and there's a really interesting theory which says that, you know, these right wing social media platforms, if you will, don't work because they don't have the foil of people on the left and progressives there to lash out against and so truth social you know, not only has Trump not used it, not only is it the dismal failure that Rick was just talking about, but you know, it

just doesn't have the reach of something like Twitter because it doesn't have liberals and progressives on it. So, you know, I keep thinking every time I hear Elon Musk say this about it being morally wrong and getting Trump back on there, that he's working for the Democrats quite frankly, because there's nothing they want more than Donald Trump everywhere

he could possibly be. Keep Joe Biden quiet, keep Donald Trump there, and they have you know, I wouldn't even say a fighting chance, but they have a better chance than they do in a dismal year right now. That cuts both ways though, with millions of followers. Rick, I've heard that that logic as well. The Republicans hope Donald Trump does not come back on Twitter. Well, it depends on which Republicans are talking about. I'm I'm afraid Jeanie's right.

There are a lot of Republicans who breathed a sigh of relief when he was banned because they were sick and tired of having to respond to his comments as a member of the Republican Party every day. Uh. And it would start early in the morning and last till late at night. And so when you have thirty news cycles, you know, while the guys in his waking hours, it's it's exhausting. And so sure, I think there was a

side relief there. I do want to make sure everybody has pointed out that the reason that he was banned Umu wasn't because of just general incendiary UH language, is because he was promoting a soft coup uh, you know, during the January six insurrection into Capital. So I don't know exactly what you have to do to break the rules enough to get banned if you're in the um Elon Musk world, but that's pretty hard to top. How does this end then, Jennie, he has Elon Musk begging

to come back. Maybe another you know, there's another couple of news conferences they closed. The deal is just you know, has to has to be there for his followers when they need him, and Bingo were back on Twitter. I think it could end that way. You know, I think this is a no win proposition for Elon Musk if this Twitter deal goes through, Moderation is a requirement, there is no way around it, and it is a no

win prospect. So how he's going to do this? You know, he could talk morally wrong and all everything he wants, but really really tough to do. Great talk with both of you, guys, Jennie Chantino and Rick Davis. Our signature panel on Sound on Thinks as well. So Greg, you'rero for being with us and Congressman Kevin Brady with the latest on everything here inside the Bubble. I'll meet you back here tomorrow the fastest hour in politics. I'm Joe Matthew. This is Bloomberg.