Sound On: Vegas Politics, Selling Blue Checkmarks, Election Security

us in debt. Well, guess what. I reduced the federal deficits this year by one trillion, four hundred billion dollar. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Less than a week to the election, and Barack Obama lands in Las Vegas to save one of the most vulnerable Democrats in the Senate. Welcome to the fastest hour in politics as the mid terms loom with Pole showing momentum for Republicans and will talk about it with the dean

of Nevada Politics, John Ralston of The Nevada Independent. Later, we're joined by Congressman tedlu former impeachment manager from California, talks to us about election security and the threat of political violence following the mid terms, and would you pay eight bucks for the blue check? The White House has not decided yet. Apparently. We'll talk about that and a lot more with our signature panel Bloomberg Politics contributors Rick Davis and Genie Chanzano for the hour. It was a

big night for politics in Las Vegas. Both parties holding rallies last night for candidates and some very close races that we're gonna be taking a look at. Non closer, it seems, in the race for Senate, the seat held by Democrat Catherine Cortes Masto and Republican Adam laxalts I would like to take it. You all know who he is. You know Adam Laxalt, right, You know him. You know him because you stood with the majority of Nevadas who rejected him the last time he ran for all a

well rehearsed, well delivered line. Senator Master sharing the stage with Barack Obama last night while La Salt was across town. People like Senator Masto are too cowardly to actually defend their policies. Go into the arena and tell the public that you believe the Green New Deal is so important that you have to pay six dollar gas. Let's have that debate, and with less than a week the race is too close to call the five thirty eight average.

I was just looking at this year. My god, there wasn't a point lack Salt forty six point seven, Cortez Mastow forty six point two. There was a lot of talk as well about the governor's race last night, and we get to put it all together here with as I mentioned, the dean of Nevada Politics. I've been looking forward to this. John ralstonners with us, the man behind the Nevada Independent as well, where he is not only a journalist but a CEO. John, it's great to have

you with us here on Bloomberg Radio. I'm sure your head is spinning here as we get a little bit closer. But are these numbers jiving with what you're hearing the ground? And I asked you because I saw what you were tweeting here. Uh, DEM's actually one election day in ten you say, unlikely in twenty two, and of course that has a lot to do with who turns out that day, and that's when Republicans plan to hit the polls right,

exactly right. And I've been tracking all of the early vote numbers here and uh, they're much more predictive than in most states because so many people vote before election day.

It's usually two thirds here in Nevada. And then because we now have universal mail, uh, sent to every every registered voter, it was of the vote was in before election day, and so we have some sense of what's happening on the ground, as you mentioned, and that is that is very close those poles, the five thirty eight average. They're they're close for a reason. And the Democrats here usually bank enough votes before election day to do well. Uh that that is very shaky this time. This Senate

race brings a good deal of recognition actually on both sides. Right, certainly lack Salt, but both have families with political histories in Nevada. How does that play well, I don't. I don't think most of the voters, uh, now, you know, so it doesn't just turnover and and so most people here probably don't even recognize the lack Salt or Cortez names the way they might have in the past. They know the Obama name. Oh well, they certainly know the

Obama name. And there's a reason that Barack Obama came and that is because the Democrats are worried about their base turnout in a mid term with Joe Biden's underwater here as he is in most states, So they brought Obama to essentially juice the turnout. And if there's going to be an effect on that, I think the first state will feel it is today because he was here last night. So we'll see what those numbers looked like later on. He seemed like he was having a pretty

good time. Here's Barack Obama from the rally. If you've got a full Thanksgiving dinner table and they're all saying you don't belong in the US Senate when the people who know you miss thank your partner would do a better job, that says something about you there. That's says something about Katherine John There were a number of his family members. It might have not been enough to fill a Thanksgiving table, but but actually did say that, yes, you know, stick with the one. You've got a Cortez

massed out not this guy were related to. Is that a big story locally? It's not as big as you might think for for a couple of reasons. First of all, you had this same phenomenon and lacks all ran for governor, and even more so four years ago when a dozen of family members wrote a piece in the in the Renal Paper essentially saying this guy is terrible. He's a curpet bagger, he's done qualified. Don't elect him your governor.

They took a different approach this time, and there were a couple more added to that list of were fourteen and the piece said that they put out was essentially just a gushing embrace of Katherine Cortez. So, uh, does that have an effect? If the race is essentially tied as many of these polls show, every little thing could matter, so it might matter. Wow, Well, I don't know if this is actually even closer on in the gubernatorial race. My goodness, this is incredible here to see Lombardo Cisilac

again within a point. Well, I guess it's what eight tenths on the five thirty eight average, So they're not too far off from the Senate race. Actually, Governor Steve Cisilac tell us how popular he is going up against a Trump endorsed Republican named Joe Lombardo. Yeah, he see Cecilac as a covid Arab governor of course, and so he has been hurt by that, but his numbers are not as bad as some other Democratic governors. The problem

that he has, though, is this the Purple State. And so yeah, every little bit is going to be important, and in a race like this, And Joe Lombardo is not that well known at candidates statewide. He's the sheriff of Clark County, and while he has been endorsed by Trump, he has kind of tried to have it both ways. During a debate about a month ago, I asked him if he thought Trump was a great president, and he said he wouldn't use that adjective, that he would say

he was a founder president. You can imagine Trump felt about that. A few hours later, they walked that back, and then he appeared with Trump a few days after that and called it the greatest president. So you can see that this is going on all over the country. That was a character revealing moment. I'm afraid for for the shure. But does any of that stuff make any difference. I'll keep saying the same answer to you, and that is that if the race is that close, every little

thing to be be important. It was interesting to hear Adam Laxalt's getting back to the Senate race here talk about poles last night. He doesn't believe them. And he made the point John that that's because Republicans don't talk to posters. And you know that that is that's a thing, right, Republicans love to tell posters to go to hell. Here's here's how he put it. You've seen some of the polls and they said there's no red wave and the

Democrats are gonna win and everything's fine. Remember that little phase of none of you participate in polls. Correct, I should take a poll. Anybody here participating polls? Raise your hand? One person raises there? Okay, one person, and I hope you really gave him help. Okay, So we love posters, John Ralston. Is he onto something there? Though? Is there a missing five points in Republicans favor well, the the opposite has proved true in the Vata cycle over cycle,

that polling is understampled Democrats here. But I don't put much stock in in in in a lot of different polls anyhow. Uh, there's very few posters who do a good job here in Nevada. But it's interesting that blacks All would be saying that since his campaign has been bragging for weeks that he has been ahead in every in almost every poll that has been taken. So h that that is just a a a you know, red meat for the base kind of statement to make. Uh, and and listen, he may well win the race by

two or three points. I'd be surprised if you wanted by anything more than that. I'm curious, John, now that Shelley Adelson has gone, what does the Adelson name mean now in Republican politics in Nevada. Miriam Adelson, I know, is one of the richest people in the world. There's still a good deal of potential influence there. But does that name mean what it used to? Well, it wasn't so much his name that meant much here but his money, of course. And she she has not spent nearly as

much as he had he had in the past. But what she has spent is generally what he spent it on, and that is uh, you know, trying to help fund superpacks and and organizations that have then funneled that money back to Nevada to help and Adam lax All Door, Joe Lombardo. But she has not nearly as active as Sheldon was in terms of the amount of money that

she has spent. It's just it's something worth asking considering. Know, this sort of rise and anti Semitic rhetoric that we've been hearing, and I wonder if that's something that she takes more of a stand on going forward. Is it true, John, that that's the closest Senate race in the country. Is Senator Mastow the most vulnerable senator in America? That that that's what they tell me. Uh, listen, all of all of these Senate races, not all of them, but in

the swing states, they're generally very, very close. We've had a lot of close rates Senate races, including some that I've covered here that have been won by hundreds of votes, Uh, including Harry Reid and John Ensen in at least the closest one in history. So I think I think it is going to be very close. John Ralston, the Dean of Nevada Politics, Thank you, John for the insights. Good luck with what is left of your mid term coverage here find him at the Nevada Independent when he's not

talking with us here on the fastest hour in politics. Yeah, that was fun, right, politics in Vegas? Hello off? Oh, and us got to do back in the battom. Whenever I come to Vegas. The hardest part is getting my team to leave. Somebody's always late for the ride to the airport. They're looking a little regg a little bleary eye, you know. Sometimes they're they're they're always a little later. Sometime. We gotta meet the panel in Las Vegas. Right, that's

a show. We gotta make that happen. Man, We're gonna do this, Rick and Genie on the strip. They're up next year though. Our signature panel in the best in the business, on the fastest hour in politics. I'm Joe Matthew in Washington. This is Blue. You're loose name to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. As we assemble our panel, Rick and Jennie are with us Bloomberg Politics contributors Genie Chanzano and Rick Davis the night

after Las Vegas, fast forward to today. Of course, we're talking about the Federal Reserve and so many other issues here. A little bit later on, we'll be joined by Congressman Ted Low, Democrat from California, about election security, and there's a lot to talk about there. With an update on the story we discussed yesterday much more ahead though where

we're talking Las Vegas here does matter anymore. So many of the deniers have kind of pulled back, not including carry Lake UH Senator Cortez Masto, though, speaking last night about Adam Laxalt's history with the issue, now he's continuing to spread that big lie, not only that election was stolen, but if he loses this election. To me, he's claiming a stolen and he's going to do an investigation. It is outrageous. We know Laxalt, he's not on our side

and has never been. And Barack Obama came loaded for bear on this issue too. He has no actual evidence of election fraud, because there's actually no widespread election fraud, but he's not gonna let that stop him. He's gonna look under every rock in the desert to try to find an excuse. Although if he wins, I'm guessing he'll be less concerned. All those volks will be legit funny

how that works, Rick Davis. That was at one point a boxing had to check as a Republican seeking the endorsement of Donald Trump or even the support of a lot of voters in some states, including Nevada, including Arizona. Uh does Adam Laxalt say that out loud now or is he one of the deniers who has turned away from I don't think there's very many, including Adam Laxalt,

who want to, you know, prosecute action. I think you know that's in the rear of your mirror of anybody who's actually on the November ballot, because there's nobody who's gonna vote on that, and he's got the base vote. They're gonna turn out because of the Republican and he's Trump endorsed, and and and none of these swing voters care about the election. Uh, that's old news. So he can he can say those things, but he's not going

to be driving any votes. The reality is it's much more likely that he's gonna be talking about his opponent because it's not about what the Republicans stand for. It is how much do you want change from the current administration? And that includes Democratic senators. Can Republicans flip this one, Jennie, They absolutely can't. I mean, do you mentioned some of the polls. I've been looking at the polls. This is

within a margin. Let's not forget Biden carried Nevada by less than two point five Clinton by less than two point five. This was one of seven states where Trump improved his twenty sixteen margin even though he narrowly lost it. So it is a state that absolutely could flip. She is the most vulnerable Democrat probably on the ballot this year. Um, and you know, on this issue of election denial and democracy being on the ballot, we're going to hear from

the president tonight. But they have Barack Obama out there, as John said, because they're trying to piece together a coalition on individual issues and boost turnout, which is not looking good for Democrats this right now. So you know, pocketbook issues they have to address, but they're trying to

weave together essentially a coalition. We heard Master Cortests talking about abortion, the president of Student Loans Democracy being on the ballot, hoping they can drum up turnout amongst Democrats, and it is, you know, gonna be hard to do, but it's the last six days and they're out there trying. It's interesting. Rick having spoken with John Ralston just now, he says models of votes cast so far say the

major Nevada races are very close. We know that the difference in past cycles is that Democrats generally banked enough votes to have leads before election day, knowing that Republicans usually win on election day. So what does that mean for Nevada next week? Well, I think there are a lot of states like that that have the majority of their votes cast early. And even though Donald Trump goes out and tells Republicans don't vote early, which makes no

sense whatsoever, um, Republicans have gotten used to it. Right. One of the hangovers of of COVID is it's a lot easier vote in math, and so Republicans are taking advantage of it. I think you see that phenomena not only happening here in Nevada where we're talking about, but in places like Arizona, where I think you see a lot more Republican participation in the seventy plus percent that vote early, So it was almost identical. It was almost

identical within a percentage point in Arizona. Republicans are getting with this, yeah, exactly, and and and and frankly, I think the party ought to embrace it because we do well with more voters. I mean, that's just a bottom line. The dynamics have changed over the time, and and higher turnouts are not an indicator of democratic power. And so in places like this, look it looks like the turnout is going to be higher than eighteen but lower than twenty.

And so that's that could be an interesting sweet spot for Republicans to take advantage that. So this is a really important development people need to be aware of. But that's why you listen. I have to ask you both about J Powell. It's a fed day, of course. I don't know that people are talking about this over the dinner table tonight, but the reaction on Wall Street was for real. Certainly after the news conference, listen to J. Powell talking about the strength of the job market and

what it's going to mean for their job going forward. Remember, the strength and the job market is what the White House points to as the sort of salve for everything else going on here. I know there's a lot of inflation, but we're not going to a recession because of the

job market. Although job vacancies have moved below their highs and the pace of job gains has slowed from earlier in the year, the labor market continues to be out of balance, out of balance with demands substantially exceeding the supply of available workers. And you know what that means, Genie, They have to force some people to lose their jobs to get a hold of inflation. What kind of a political statement of campaign messages that it's a horrible one.

And that's why we saw the Democrats, Elizabeth Warren and others send a letter that the FED doesn't have to listen to and may not even read at this point. It's just listened to it on TV and on the radio. But you know, they're very, very concerned that this is going to be the impact six days before election. A week before an election, we're looking at losing jobs, which is never a good sign for the party in power.

And fast forward to three when we're talking presidential candidates and we're in a recession, it just gets more complicated. Rick and Jeanie are here for the hour. We turned to Congressman Ted Loo next on the fastest hour in politics. This is Bloomberg counting down the days to election day and so many issues to talk about. Galen Druke, who works at five thirty eight, says, this is going to come down to a story once again of turn out.

We've found that sevent of the districts that are at least somewhat competitive in the House this cycle are in the suburbs, and the question is will they swing back to Republicans after a swinging left in and districts that have been voting for Republican representatives for fifty years swung in a backlash to Trump. The question this year is will there be a backlash to Biden? And so far our forecast shows that Republicans have an eight percent chance

of winning the House, so that seems likely. The backdrop of our conversation with Congressman, Ted lou the Democrat from California, joins us now on Bloomberg. Congressman, welcome back, Thank you, honored to be back. Well, you seem to be in pretty darn good shape leading into your primary. No one is talking about this as a much of a contest for the thirty six congressional district. How about the House though, Congressman,

is the narrative wrong right now? Yes, I'm blessed to have a terrific district, and I've been traveling around the country helping other or hold the House, and I'm seeing high energy at all the events, and I believe we're going to have a number of surprises this November eight, and I look forward to holding the House. President Biden has been talking about this from a couple of different perspectives. He was out again, of course, last evening, said Republicans

when they will repeal the Inflation Reduction Act? Is that something that you're worried about, and couldn't he just vetell that I'm worried that if Republicans control the House and Senate that they could in fact do a lot of damage to the great Laws. If we've passed such as Inflation Reduction Act, which has Medicare now for the first time, negotiate prescription drug prices to help reduce the cost of

proscription drugs. And in terms of other legislation, there are things that Republicans can do to stop good legends and coming through. So, for example, Democrats want to have insolent cap for thirty five dollars for everyone in America. Republicans could stop that. And so this is a very consequential election. Let's say you keep the House, as you suggest, what's the list for Democrats the to do list post mid terms? If that would actually if that happens, that would be

a big deal. Would you pursue an expanded child tax credit. Is there something else that you have on the agenda? Yes, If we hold the House and elect two more Democratic U. S. Senators, we can remove the flobuster and put Roby Wade in as a law of the land. We can kept insulin at thirty five hours for everyone in America. We can put in campaign finance reform and put in voting right.

You're writing the Senate to that. But with regard to the House, there's been talking about codifying same sex marriage, for instance. Is there a way to get that done even with with a split balance of power on Capitol Hill?

That would be difficult unless we can eliminate the solobuster because unfortunately, my colleagues on other side of the aisle are very anti lgbt Q. In terms of other things we could do, if we hold a House, we could get things through reconciliation, which for example, refers to things such as expand how tax credit. That is something we

could do if we hold the House. Congressman lou a lot of people know you as one of the impeachment managers from Donald Trump's second impeachment, and there's a big conversation going on right now. In fact, there was an important UH Federal court injunction just in the last twenty four hours surrounding what many see as voter intimidation around drop boxes, ballot drop boxes, and there are a lot of people are worried about what's going to happen following

the mid terms if it becomes UH. You know, there's a sense of many contested races, which there could be. There's so many that are just too close to call right now. Do you worry about a violent outbursts following the mid term elections if these are hung up for days or weeks. I think we always have to be reminded of January six and what happened when a former

president incited an attack on our nation's capital. We also recently saw a right wing extremists break into Speaker Pelosi's home and attack her husband with a hammer, So we always have to be watchful for any violence that could occur again with their ballot drop boxes and all the election denying stuff you're seeing. We still two years later, don't have any response from the Republican Party as to who stole the election nor how it was done, and

they can't explain it because the election wasn't stolen. Seven million people. They didn't get together and conspire and have some grand conspiracy to steal the election. They just voted for Biden over Trump. Donald Trump lost. That's what happened. Just last night. A Kerry Lake, who may well be the next governor of Arizona, says, if you don't believe this election was stolen, then you're part of a conspiracy theory. Congressman, let's listen with millions of us, and if you believe

he did, then you are. And what was so funny to me about that comments? She still can't explain how it will stole and that's because she can't. The election was not stolen. The American people rose up and fired Donald Trump. That's what happened. And Donald Trump's former attorney General, Bill Barris says that he came out repeatedly and said the election of spiracy theories are quote both unquote. Congress never thought I'd have to bleep you on the air.

Uh you mentioned Nancy Pelosi. You're also hearing pushback from Republicans who say this is a crime story, that this could have happened to anybody, and in fact, it has been happening to a lot of people, and no one's ever outraged until it's you know, a member of the elite in a in a in a neighborhood in San Francisco. Here, you actually live in California. What do you tell Republicans

who say crime has run wild because of Democrats? Well, I suppose it's a crime story, uh, in this sense that you know, the person who shot Ronald Reagan committed a crime, but that was also a targeted attack and the elected official. And so what we have here is get a targeted attack at elected official and Nancy wasn't there. The right wing streamists kept asking where his Nancy? Where his Nancy? But her husband was there and he attacked him.

The police and prosecutors in recent reporting also say that he had other politicians he was going to go after an attack. So this was a very target attack by right wing streamists. We need to call it what it is. Have you spoken with the speaker? I have texted her and I have received emails from her, and I want to give her the privacy and space to deal with

a very traumatic to that. Yeah, I wonder if she'll appear before cameras or make a statement before election, like congressman, is that something she should do That is totally up to her. I don't have any thoughts on that. Well, I appreciate your coming to talk to us again, Congressman Ted lou from the thirty third on the way to thirty six. Right, if you've got new stationary ready for that, Actually, I can't ask you that, you have to wait a

couple of days. The congressman, thanks for your time today. Come back and see us on Bloomberg Radio. Thank you you're listening to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio. So the White House has deleted a tweets after it was tagged well by Twitter, of course with a fact check disclaimer. And boy, they thought this was gonna be a good one. In fact, Will the President used the line last night as he spoke to supporters. One on our watch for the first time in ten years,

seniors are getting the biggest increase in so Security checks. Yeah, the flaws line, big big checks coming. Well, well, sure, you get the biggest increase in Social Security payments because you're getting the biggest increase in inflation. You. That's how this works, right, That's a law goes back to the ninet seventies. Social Security payments must go up by the same percentage that consumer prices go up. So guess what,

everybody one on our watch. For the first time in ten years, seniors are getting the biggest increase in Social Security checks ten And that's exactly what the White House tweeted. Seniors getting the biggest increase ten years through President Biden's leadership, It's said, Twitter tagged it, readers added context they thought people might want to know. And then there's the explainer here. Seniors will receive a large benefit blah blah blah, which

is based on the inflation rate. Two. President Nixon signing a law automatic benefit adjustments. So should it have said through President Nixon's leadership. Let's assemble the Anne, Rick and Janie are with us, Bloomberg Politics contributors. I don't think that rick a tweet has been fact checked by Twitter since the Trump administration. A White House tweet, we're really going to be taking credit for a Look, I guess you'd take credit for everything right before in election? Is

that it? Well, you know, I thought that President Biden said it was the Fed's job manage inflation, and so the fact that the Fed has managed it up so much they should get credit for increasing the Social Security benefits? Well, does this? Is this the new Republican talking point? The president just give it to him, Jennie. Well, you know, listen, Joe Biden is at a tough time, Joe Matthew. You know,

he know it's difficult. So they're trying to take credit for some bit of you know, increase in money people are going to get without fessing up to the fact that he has neither control over cola or inflation and they're getting it as a result of that. Neither did he say that there have also been increases every year of the Trump admints station in the first two years of the Biden administration. Fact, this is the biggest in a decade. Yes. The fact is that he you know,

it's six days to go. The numbers don't look good. They're trying to do what they can to get people hopeful on the economy. A little bit of money in Senior's pockets, no matter how it got there, he's gonna take credit. Listen. He's got to take the blame when gas goes up, and that's not his call either, So you know, it's it's all around. But I think what's really interesting is the fact check by Twitter, which, as you said, we haven't seen a lot in the Biden administration,

no doubt. I wonder why that has so. Look, you guys have heard this, have had any number of people come up to me this week. So this does it feel different on Twitter? You know, Elon Musk, this thinks kew and right already. And I don't know if that's true, but I do know that apparently they're gonna start charging us for a blue check. So let me ask you guys about this. This came up today at the White House.

You're gonna pay eight dollars a month for a blue check? Because, by the way, I'm not you can just you know, take it away. You've done it before Twitter, You've taking the check away, you gave it back to me. I'll let you do what you need to do. How about the White House? So, look like I don't believe it's it's an issue that made it to the President's desk yet it's not a conversation that the president UH has UH is aware of. As you know, we're focused on

many things. It is kind of an interesting thought here, Rick, I mean does the White House give Elon muskate Bucks a month to be verified? Well, I don't think they want to give Elon Musk anything. They certainly haven't since the beginning of this administration. They don't even invite him

to e V meetings. But the bottom line is, I mean, like, here we are talking about Elon Musk again, and this guy gets himself in the news cycle anyway you can and uh and yeah, I mean like he wants you to feel like Twitter has gotten different since you bought it. That's his whole value premises. I'm gonna make it better starting by tagging White House tweets. I guess Jeanie would. Look, I don't think either of you guys care about this, right Rick, You're not paying a Bucks for a blue check.

I don't even know what the blue check does. I love Frankly, I mean, well, I love about you, Jennie. Would you care enough to put money down? And should the White House will news agencies is Bloomberg and to Bucks a month for a blue check? Yeah, and let's not forget when the White House pays that means our tax money is going to eat Musk, you know, and you know what did Stephen King say, he said I

that you should pay me. I'm out of here. And by the way, how it came down from it was that it came down And the best tweet of the day, I thought, was this guy who said, so, you've got somebody worth two hundred billion talking to somebody worth five hundred million about how to save twelve dollars a month. It's ludicrous, the entire conversation. Although in Elon must defense, he's got to pay what one billion a year to pay back the debt, and they gotta make money, as

he said, we gotta make money some way. Help me out, guys, clip Jennie for a promo right now. I'm there to help Elon. Let me tell you wound up and you know, looking apparently Donald Trump's not coming back. Maybe was that the genesis for for this idea of subscription fees. He talked about it in an interview this week. If I go on there, what would happen to truth? I don't know, you know, I don't know, but but the answers I'm not doing it. I will go back on and but

I find truth to be much better. Okay, fine, you want to advertise truth here, but do we believe this, Rick, He's not going to go back on Twitter with however many million followers he had. You know, look, I mean he's financially connected to the success of true social right, and so why does he want to I mean, the one thing that that that you never want to do is you never want to get in front of a microphone between you and and Schumer. And you don't want to get in the way of a dollar bill for

Donald Trump. So I think Donald Trump is gonna go where the money is. I don't think he cares that much about it. It was quite an equivalency from Rick Davis. I have to ask you about a couple of things in the next well twenty four hours and also in the next week. Here uh, And this brings us back into the White House Press briefing today. I'd like to hear from Rick Angini on this tonight. The President is going to talk and this was a late scheduled event.

He's going over to Union Station. By the way, if you thought you were getting on a train with no notice, just change your plans. I cannot imagine rolling up on Columbus Circle right now in front of Union Station. But he's gonna be talking about an hour from now actually, and and part of this is going to be about election security, Karneine Jehan Pierre and and you know, political

violence all wrapped into one, saving democracy. These are this is not unlike the speech she delivered from Independence Hall. I'm guessing Karine John Pierre though, was asked about the timing here days before the election. Yes, you know, we saw this violent, awful, horrific attack on Paul Pelosi and so, uh you know, there are reasons that he believed this time was now to to to make sure that he spoke directly to the American people the way that they're

talking about this. By the way, I'll have to pull up the guidance. This is from the White House will participate in a Democratic National Committee event, but they don't say what he's going to be talking about. It's known, however, that he will be discussing, uh more completely, the threats against democracy and so forth. That timing feel off to Eugenie or is that the job of the president. Well, you know, this is something Democrats have been asking for

for some time. They say he's got a moral obligation to do this. Um that you know, regardless of politics, he should have spoken out, and they've been asking for this. And also I think it's similar to what we're seeing with you talking about Obama going out to Nevada. They're trying to piece together a coalition of Democrats and people to turn out based on issues beyond the economy. So it's abortion, student loans democracy on the ballot, and he's

gonna try to push us. And that's all not forget Also the events of the last week, the increase in rhetoric we've been talking about, the threats at the polling sites, the attack on Paul Pelosi, and of course Donald Trump on the radio just the other just yesterday talking about these conspiracy theories. So all of this has, you know, I think pushed the President to go out and make

this statement. He hasn't been out a lot this election cycle, but for Democrats this will be a welcome I believe, going depending on how it goes, oh welcome step for him to take on this. I don't know if anybody carries this rick or if it has an impact, but it looks to Republicans, at least those questioning this and in criticizing it, that the President is trying to thumb the scale using the bully pulpit here of the presidency to move opinions with less than a week to voting.

Where do you draw the line on something like this? You know, look, I mean he's committed to this. Um. The Democrats I talked to don't think democracy is a winning issue at the ballot right now. They just don't think it moves the needle against the economy. And and so I think he's picking the week hand of cart And so is it something worth talking about about if you're president because of the you know what's happening around the country right now? Absolutely, do you do it as

a part of the campaign? I think it's I think it's tricky there. Uh. You know, I think that when you talk to the public about democracy, it means something different to Republicans than it does to some Democrats and so um, But they both think of democracies at risk.

And I think that he's catching himself in the same sort of crosshairs that he did with that Independence Paul speech, which is, you know, there's going to be a lot of debate around the speech itself and not like the substance of it, And and that's that does not move the needle I'm going to add another speech to the list here, and I just want to get a sense of what you guys think, because the President had said

he's going to speak the day after the election. Karine Jehan Pierrega, and the press secretary at the White House was asked about this against today, what exactly is he going to talk about? You'll certainly hear from the president. He will give remarks. I don't know yet what it will look like, but certainly you will hear from the President the day after the election remarks with the questions I know you guys always asked, because well, when I don't want to get ahead of ahead of it, but

you will, we we will. You're certainly here from the president after after election night, Okay, yes or no? Then Genie, is that when he launches his re election campaign. Yes, and he may be talking about a shell a king if you believe the numbers, and he may be talking about people not accepting the results. But we do know that they've been meeting and talking about his plans in twenty four and boy, wouldn't that move us? Oh my god?

Would that be too early? Rick? Or a good strategy? Um, I'm hoping that the announcement is that he's not going to run for president, and not that he is going to run for president. Uh. And if he's gonna announce he's not running, then it's probably not a good strategy because he loses the first quarter of the year. Rick and Genie, our signature panel in the fastest hour in politics, will be back tomorrow. This is Bloomberg