Sound On: Xi Power Grab, GOP Hopefuls Challenge Dems on Economy

in Texas. I wonder sometimes if he actually realizes that he's President of the United States. Of course he recognizes, and that's my salt. President Bloomberg Sound On with Joe Matthew on Bloomberg Radio. President J. Jimping starts an unprecedented third term as Richie Sunac begins his first Welcome to the Fastest Hour in politics, as Washington tries to figure out what the developments in China and the UK mean

for the u US going forward. Will be joined by D. J. Peterson of long View Advisers about risks brought by a changing geo political landscape. Later, just over two weeks to the election, Pole showed Democrats sliding into the mid terms We're gonna look at three bell weathers with Bloomberg's Eric Watson and cover another wild weekend on the trail with our signature panel. Bloomberg Politics contributors Genie Chanzano and Rick Davis are with us for the hour. Remarkable imagery from

Beijing over the weekend. As President Chi Jimping made it all official. Everyone saw it coming, but now it's real. He emerges from China's comedy Communist Party Congress, easy for me to say, with an unprecedented third term in a much tighter grip. Thousands watched. Did you see this? As China's former leader Hu Jintao was unexpectedly escorted out of

the closing ceremony. Listen, it's not allowed to hear. In fact, you could almost hear a pin drop if if it were not for all the camera shutters, no one could believe it. Media had just been allowed into the room when the seventy nine year old former president, sitting directly next to President She was approached by a staff member and another government official took him by his arm, one hand on the back, lifted him out of his chair.

He was resisting. He spoke with each of them quickly as they tried to pull him away, he tried to say something to President She before he was in fact escorted away. He even tried at one point to touch a document that was on the table before President She himself covered it with his hand and pulled it away. There was no explanation about what happened, and by the way, none is expected. All the while, President She installed six loyal associates to stand alongside him on the pol Bureau's

Supreme Standing Committee. Listen as they're introduced here. Now please join me in a warm applause to welcome the General Secretary and other Political Bureau Standing Committee members. And there it is history in the making. When President She spoke to this moment in history, as we hear through a translator London in King only long journey, one field, with glories and dreams. The roadmap has been drawn and the bugle has been sounded. We must forge ahead with enterprise

and the fortitude. The bugle has been sounded. Though the White House was not going near this today. Apparently everyone was asked about a Press Secretary Karine Jeohn Pierre saying, quote, we are not going to comment on internal party politics. The PRC, although Bloomberg is now reporting that the White House is working on arranging a meeting with She Biden

and she presumably virtual, but who knows. And that's where we start with d J. Peterson, President of Longview Advisors, former director for the Eurasia Group, former political analyst at Rand Corporate. It's great to have you back, d J. Welcome. What does President She mean the bugle has sounded when you list take his speech in its entirety, Joe, it was really about security, and there was many militaristic references,

and so the bugle is sounded. It really does I think part of that kind of militaristic yea call it was. It was quite dramatic. It's a good idea to be meeting with President She right now. You know that that's a great question that contacts between our two countries, between the United States and China are very weak. They're the quality of the communications and the dialogue at all levels

of these two governments is actually historically low. So the fact that the leaders are getting together to talk it does at least suggest that there's there's possibility for dialogue and getting some messages across um. As you know, President Biden is all, we professed the importance of having open channels of communications, and this is just part of a strategy. Will he get what he wants? Will the United States be able to advance its agenda? It's not clear. That's

so then you know what's the point, right? I mean, if you if you don't go in there with a list of demands that you know will be made good or at least a sense of how the thing is going to end. Sometimes that's a risky proposition. Well, I think there's two things going on here and and and most importantly, it's signaling. If she Jing King is meeting with the American President, she is ultimately signaling to other officials lower down that it is possible to have a communication,

have dialogue. Um. And that's important. The second is it's theatrics. Um. It really is important that the United States be seen in global forums as being willing to talk, even if the message is not getting across our allies and friends and other countries are are are looking for signals that the US is a responsible global player. That happened to you, Gentao. We're gonna see a picture of him with a newspaper in the next couple of days. You know, that's a

really good question. What is really thank you for your detailing kind of that what what what took place on that? I was blown, the whole world was. Yeah, it's so striking for two reasons. One, the Chinese Communist Party has been orchestrating a choreographing this whole event for months. They've shut down all kinds of discussion, they delayed their economic um report for a week. Um, they really kind of

put the lid on anything looking bad inside China. And then this happens, Like you said, he's sitting right next to Um, the chairman of the Communist Party, and it happens that one of the crucial moments of the session right when they opened the media. So the timing was quite impeccable. So this was not an accident though, right, I mean that that's a re markable and historic moment.

They came and dragged the former president out of the room. Yeah, it is quite remarkable, and and and and and and and seeing discussions along China watchers, you know, there is this kind of just kind of head scratching frankly, and you know, pour one issue one question is was was he did he was he ill He certainly looked quite shaken in the moment. And yeah, so it's but the fact that he's kind of appealing to the two top officials, um,

the chairman and then the Prime Minister. It's it's quite dramatic. Yeah, the Chinese popular, the populist they're reading this very carefully and they're paying a lot of attention d J. Peterson. So then when you back off, how meaningful was this party Congress for the United States? How much of a threat does this does this newly consolidated regime pose, you know, Joe, It's it's surprising how little new actually in Still the policy line came out with very clear China is going

to continue. Um, it's great power ambitions, it's it's ambitions in Asia, it's zero COVID policy, it's technology agenda. So in some ways is just reconfirming or intensifying. I think what was quite remarkable and you as you noted, is the number of protegees and allies and stalwarts of Shingjing Ping that made it into the top levels of government. So what this means in some ways I think that there's going to actually be less discussion of policy challenges.

And remember China is facing an unprecedented array of issues yet COVID the real estate bust, you have very weak consumer demand, a really really bad demographic trends, and of course the tensions with the United States and the West, technology and if everybody is in lock step alignment with the chairman, and that also suggests there's not a lot of open policy discussion. And what we've seen is some really bad decisions being made um under this under this leader.

So the United States, one is buckling your seat belts because more bad decisions will be coming. But also perhaps China is locked in, very much locked into a rigid strategy that is actually not improving the global position. Well, the market has spoken on this. The market is typically ahead of of the rest of us here. But you know, add what happened today in Washington is the US unsealed charges claiming a couple of Chinese intelligence officers trying to

obstruct a criminal investigation. This is an investigation into Huawei. Attorney General Merrick Garland listen. Over the past week, the Justice Department has taken several actions to disrupt criminal activity by individuals working on behalf of the government of the People's Republic of China. Pretty amazing. Chris Ray, the FBI director, said, ten of the thirteen individuals charged were Chinese intelligence individuals. What does that tell us about our relationship with this

country over the next year or even five DJ. Yeah, I think it's really important to think of this as a Cold War two. Um. While we trade, we have great um and deep economic ties with the countries with the country, and we certainly have deep um you know, communications and travel. We're in a cold war and this is a it's a different kinds We're competing on many different issues, but this is very much this this arresting of spies, you know, is classic of what we saw

in Cold War one. So this is indicative again of Cold War two and China's global ambitions around technology, around competing with the United States, UM, geo, politically, and of course economically. So this is part and parcel of Cold War two in my view, and I think we need to understand. Companies need to understand that it's it's it's the business environment, the investment environment, corny become a lot more challenging. Well, you know, you need allies to fight

or win a cold war. How about this guy in London? I am humbled and honored to have the support of my parliamentary colleagues and to be elected as leader of the Conservative and Unionist Party. Rachid gets his turn. We're going to talk about how flexible this administration has to be over the next couple of months, with massive and important leadership changes happening on both sides of the planet. D J. Peterson, thank you so much for being with

us long View Global Advisors. As we assemble the panel next. Rick Davis and Jeanie Chanzano have been watching this go on all weekend and just can't wait to bring their ideas to you. There here next, on the fastest hour in politics, I'm Joe Matthew and Washington Boy, It's only Monday. This is Bloomberg. You're listening to Bloomberg Sound On with

Joe Matthew on Bloomberg Radio. Such just about two weeks to the mid term elections, a war underway in Europe, new warnings of a winter COVID surge, and now this an emboldened president she will just call him chairman, and the third British Prime Minister of President Biden's first term. What could possibly go wrong? As the White House braces forevermore complexity. We assemble our signature panel on quite a Monday. Rick Davis is with us and Genie Chanzino Bloomberg Politics contributors. Genie,

I'm not sure where to start here. I mean, the arguments being had you try to cook things down to so called kitchen table issues in this mid term election and the cycle are are frankly dwarfed by some of the greater issues that we're talking about here, beginning with our competition. You and I can use air quotes when we say that with China, that's right. I mean what a weekend it was, and you know, so many things

happened over there. Number one, they changed the constitution, okay, in the use of force, and that is if separatists declare independence or if foreign countries aid in a bet separatism in Taiwan. Yeah, that's right. And then, of course, as you mentioned, Bloomberg reporting that the president is pursuing this meeting at the G twenty, but it was just a week ago that Beijing was stonewalling that because the President had pledged US military defense of Taiwan if China

were to invade. So just those two things alone are enough to sort of try to wrap your wrap your head around if you will, not to mention there are no more women in the Polite Bureau, but we'll leave that aside for the moment. Joe Matthew, I don't know you want to be in that room. I do, Joe, but an ask that's fine. Well, I'll tell you what. The former president, I guess maybe didn't want to be in that room. Rick, do you have any sense of

what went on there? What are we supposed to infer when you see a seventy nine year old former president? I mean here, we live in the country where where you know, lock him up and all that stuff is common at at Trump rallies. Uh, but Whosian Tao is now gone? What? What what do we make of that? Yeah? I think in China you have to assume that you don't have to have a rally tell you what to do. Uh, General Secretary Chi just does it? Look this was a

power move, right. He was showing that he could crush the man next to him at the table, embarrass him, take him out, politically emasculated him. Look, it's the same thing he's done to every major CEO in the in the country, right, you know, all of a sudden I disappear for thirty days. Oh now you're gonna have to delist your company tomorrow. I mean, all these things are a way of just cowing the rest of the population, arguably extremely large population, to the terms and condition of

the Chinese Communist Party. And I would just say we should use his his real title, which is Secretary of the Chinese Communist Party. That is the most powerful job in China. It's not some state leadership role. It's the Communist Party and that's what they are, and that's how

they're managing the country. And we should not kid ourselves that we have a situation where we are not already in a very difficult environment that's only gonna get worse over time because the Chinese Communist Party does not share our hopes and dreams of the world in a rule based society. Well, I'm sure this story today didn't make things any any better for them. As Merrick Garland left us all waiting, he showed up over a half hour

late for this announcement. You've got the podium set up of the d O j H. The flags are up wondering, well, what is this going to be? As the U. S N Seals charges claiming to Chinese intelligence officers tried to obstruct a criminal investigation into Huawei, others allegedly working on behalf of a foreign power. As he said that he was not specifical though details, you know, we filled in some of the blanks later, trying to procure technology and

recruit spies. Listen to the Attorney General again. The complaint alleges that in the defendants directed an employee at a US government law enforcement agency to steal confidential information about the United States criminal prosecution of the company. The defendants believed that they had recruited the U S employee as an asset, but in fact the individual they recruited was actually a double agent working on behalf of the FBI. Something out of a bad movie. Chris Ray, the FBI director,

said again, ten of the thirteen charged were Chinese intelligence operatives. Genie, this was already going on. What do we expect now that there's there's just no one to check yeah, no one to check in. He is unrivaled in his power, and as you know DJJ said, we are in a second Cold War. Just listening to that and the statement today, it did, you know, sort of remind you of the Cold War itself. That's what it sounded like. And it

was just a few days ago. A week ago, Joe Biden said, we are entering a decisive decade of rivalry with China, and that is what we're facing. And I think the real hope for the United States has got to be that that rivalry doesn't become violent. And that's where I go back to the constitutional changes, which say for the most part that they will take you know, action, military action if Taiwan is threatened, and that is a real challenge for the United States and the Western world.

Pretty amazing spending time with our signature panel, Rick and Jennie and I guess, another historic day in Britain, although they're feeling less historic every time this happens. Uh gosh, what are we fifty days out from the start of the Trust's uh guess tenure and Rich Sunac it all came together this morning, Rick, I guess the question that I have is not what is our relationship going to

be like with Rischie Sunak? But they've got it. They need time over there to put things together as we rely on each other to help support the war in Ukraine and push back on countries like China. Does this

make it harder for the US? Uh No, I mean the nature of the trans atlantic alliance with the US, Great Britain and in other parts of Europe probably has not been at it's this good in in twenty five years, right, And one thing Russia has done is it's united our allies, and so institutionally, I would say that we stand in a very good position with the UK uh Rishi Sunach. The new Prime Minister adds stability to that and that

makes it only stronger. He meets the King tomorrow, it'll be official and we'll talk about it more than our signature panel is here for the hour. I'm Joe Matthew, American Politics. Next, this is Bloomberg. Great story on the terminal New Jersey, Pennsylvania Geofe House hopefuls batter Democrats on economy. Eric Wasson with the byline. We talked so much about the big Senate races, the big governor's races, but it is the House of course that Democrats look most at

risk of losing. And as we consider this idea that Eric lays out even in the headline, you can talk about Roe v. Wade, you can talk about crime. But the economy, of course, has turned out to be issue number one with really just so many voters, and it leaves Democrats and what I should say, independence like Bernie Sanders on a Sunday morning asking questions like this on meat the press listen. What are the Republicans response to inflation? What do they want to do? Well, maybe they want

to cut wages for workers. Do they want to raise the minimum wage? No they don't. So I think it's important to take the attack to the Republicans. What do they want to do other than complaint? What bottom line is you cannot cause social security, Medicare, and medicaid, which

is what they want to do. But Eric writes, from hard scrabble mining communities to affluent New Jersey suburbs, Republican attacks on the economy are forcing Democratic House candidates and must win Northeast districts to confront an issue that has bedeviled them. And by the way, you know, dog chasing

car whatever. It will be up to Republicans to do something about this, or at least provide a viable argument if they do win the House, because we have been hearing that seven thousand I R. S Agents is the answer here. They haven't even all been hired. Eric is with us now, and I'm curious your thoughts on this, Eric, because you've actually been out reporting here. Does anything come close to the economy and into that end, did Democrats miss a huge opportunity by leaning on the Dobbs decision

when they had some momentum over the summer. Well, I don't think they missed. I mean they were I think they peaked a little bit early, you know, the decision that came come later. Perhaps the timing would have been in their favor. But but clearly the winds have shifted

back towards the economy. And when I saw in these races, I followed Tom Malinowski and Tom Keene j here New Jersey, Susan Wild against Lisa Scheller in Pennsylvania, Matt Cartwright against Jim Bognett also in Scranton, Pennsylvania, and the economic argument. The Democrats are now really fully engaged on the economic arguments, are trying to poke holes in the and the GPS.

What's really a lack of concrete plans? You know, I chased Tom kine and out a holiday inn in Eugene Clark, New Jersey, trying to find out what is the X, what spending is actually gonna cut to flight instlation. You know, they don't really say so there there, the battle is now joined on the economy in these districts, but it

might be too little, too late for the Democrats. So the public is a very simple message that Biden, you know, caused your prices to go up and and this uh you know Democrat helped and and the response to that is a very complicated set of you know, we've passed some much Stations's gonna take some time to trickle down of the economies to the semiconductor uh, you know reductions, and the people know what that when we go to the holiday, does anyone know what you're talking about? Like

do you say, hey, how about the chip backs? You know, is is that weighing into your decision? How about those semiconductors? Well? I think, you know, it depends that that holiday in was it was a very educated audience of you know, the local gateway Chamber of commerce, and they don't you know a lot of people well they said, you know a lot of people did say, you know, it's a pandemic,

it's a global supply chain issue. I think to certain voters, you know, I talked to uh, you know, people who left the Republican Party or voted you know, another way after Trump, and they're sticking with Malanowski and they liked his arguments. But even then, and I had this great you know, but this one fellow at this Reddington event in New Jersey, Steve Foster, and he really reminded me of one of those old characters from Mad Menuo goatee fella.

And he was a former marketing executive. He said, you know the problem with Tomlinowski's he doesn't have a twenty second story. The opponent has the twenty second pitch, and the mal Nawski responses a long list of achievements and economic arguments, and it's hard to break through. And I think that's where the race is heading. You need the twenty second story. If you're gonna get anywhere. You need a bumper sticker right er, right? What made you settle

on these three? Uh, particularly with all three being in the northeast. Well, you know they're they've been they were rated as toss ups when I conceded the plan, a cook clock or report by any think as all as other leading you know, political analysts, they're all trending towards a lean Republican now, so that they shifted a little bit, but they were just the most evenly divided races in in that immediate area. And uh an area that I know what I'm from the originally from New Jersey, but

sometimes fromtime in Pennsylvania, uh you know. And it was just interesting to me to see how the wind would blow from a from a toss up perspective and words heading now. So it was a good way to illustrate where the trends were going. It's great work. Is we'll point everyone again to the terminal for a look for Eric Wasson and the story that will be specific, but also I don't know, it opened my eyes to the

nation a little bit. Here you can look at this race for important toss ups New Jersey, Pennsylvania GOP House hopefuls battered Democrats on economy. Eric, thanks and come back and talk to us soon. On sound on. A lot of people were listening to the former president over the weekend. Here is this is the other thing you hear about on the campaign trail, not just the economy, but also voter security and the viability of our electoral system and

Donald Trump is really not helping do instill confidence. Listen to him in Texas from Saturday night, paper ballance the old fashioned way. That's the way you're gonna stop Would you agree with that, Mike. That's the way you're gonna stop it. It's the only way. We don't need satellites sending the signals all over the place. Somebody votes. Let's say I'm gonna vote for Trump. I love Trump, I'm gonna vote for Trump. Trump being being biggles all over

the world. Bob comes back by, how did that happen? Well, I'm not sure that is how that happened. Are we still doing the satellites? And do they make a bing bing sound? Will reassemble the panel coming up next year. Rick Davis and Jeannie Chanzano make our signature panel in there next on the Fastest Hour in Politics. Got a lot to cover the markets after hours to Charlie Palett, will take her. That will do traffic and markets with

much more ahead. There was actually another fascinating debate. I have to show you Gavin Newsom getting down to it, and we'll bring you inside that Donald Trump rally in Texas. This is Bloomberg. You're listening to Bloomberg Sound On with Joe Matthew on Bloombird Radio. Donald Trump is, of course, not the only Republicans saying the election was stolen. In fact, few are saying it louder than Carry Lake, the nominee for governor of Arizona. She sat down with ABC's Jonathan Hall.

Most of what they discussed was election fraud. Listen, you said that there were seven forty thousand ballots with no chain of custody. Those ballots shouldn't have been counted. Are you really saying you would throw out the ballots of seven hundred forty thousands, quarters of a Millionairezonans. Seven ballots violated chain of custody requirements in Merricopa County. I mean, first of all, it's it's not true. I mean, Amercopa County board of Supervisors put one page report that is

a fact. To check your facts, check your facts. And of course John Carl sitting there saying, but we did just and why would she sit down with John Carl? Of course she knew that's all they talk about. But it doesn't matter, right, Well, it doesn't seem to matter politically speaking, whether you know wins losses, not principal here, she's leading the race, not by a lot. Real clear

has rough though by one and a half. Five thirty eight has her up by what one point one I'm reading, And so let's reassemble the panel for more on this idea. Rick Davis, of course, an expert on Arizona politics, Bloomberg Politics contributor, joined by Genie Schanzano, Bloomberg Politics contributor to

Democratic Analysts. It's uh, I guess she's just kind of saying what a lot of voters want to hear, right, Rick, But she says it so convincingly, uh, and and does it with such a straight face that she seems to actually do a better job than Donald Trump sometimes making this argument, Well, she's very good at what she does, and you're right, she is talking to a certain audience, her audience. She's she didn't really care about Jonathan Carl's audience.

She's she's channeling her group, and she's given them instructions and she's educating them in the way that she feels. Uh, they'll believe her, right, regardless of what the Jonathan Carl Carl's fact checking might do. Because we've learned in this age that you know, her vote is gonna get its information from certain news sources, and her opponents voters are gonna get there's from other news versus and and it really doesn't matter what the truth is to a lot

of these voters. They care what they're their leaders are telling them, and they're going to go to war with them. And so, uh, she's doing exactly what the script dictates these days in a in a heavily polarized environment. Uh, this is exactly what she needs to do to get a Republican fired up. Could a Republican win in Arizona without that line? Republicans won in Arizona historically without that line,

So well, sure, this is these are weird days. That's weird days, and and and it's different politics than it that it is. But she's she's she's doing exactly what she needs to be able to overcome a deficit that

she was in and win the election. So uh, it's you know, you and I are we we can't believe people go out and just say things they know are lies, but we've we've kind of gotten used to that after you know, well, yes, six years of Donald Trump, Sure we have So what's the democratic response to this in a race like this, Genie not you know, not Joe Biden speaking from Washington, but you're talking to people in Arizona, and you have to convince them that this former news

anchor who looks lapart speaks convincingly doesn't know what she's talking about. Yeah, and let's talk about the facts. Um, you know what are we hearing. Just look out at Arizona. At least two voters in the last few days had filed complaints for voter intimidation, saying people with camouflage and weapons.

We their videos are all over social media exactly. And and and also let's look at what we are hearing about the kind of pressure that poll workers and election workers are under, who are being harassed daily as they come to work. And you know, you want to respond to people like Carrie Lake, You've got to say that her language, her claims, Donald Trump's language and complaints, they

are absolutely inciting this kind of behavior. Leadership matters, Responsible leadership matters, And you can't be out there making these kinds of false claims because the next step is going to be, unfortunately violence. And we look at the studies and that's what we are seeing. There are people in the United States who believe the only answer to their elections quote unquote being stolen is to take them back by violence. Hence these vigilantes. That's the danger of what

they're doing. I know they want to win, but you've got to tell voters this win at all cost mentality is going to get us into a very violent situation come election day. Sometimes I wonder if some voters want to see that. This, of course, comes with a lot of different flavors. Remember the Don Baldock like the day after you on the primary. No, I've just I've done

my homework. Nobody stole the election. Then you get you get guys like Bryan Dolly, the Republican state senator in California who wants to be governors up against Governor Gavin Newsom, who I don't think it's any danger of losing here. But they sat for a debate and uh, and you know, he was asked directly about Joe Biden winning the election. He tried to give him a joke and oh my god, this thing bombed. Listen, Joe Biden legitimately win the election

against sal Trump. Yeah, actually he did win the election. That the big questions is that he does he know that. That's That's what I wonder sometimes. But I want to talk about about he being who Joe Biden? What do you mean by that? Well, I I yes, I agree that he won the election, But I wonder sometimes if he actually realizes that he's president of the United States. Of course he understands he's president Nited States. He's gotta be rough. You think he got something? You got? I

got a zinger in my pocket. Wait till they ask me if he won the election. But look, that does that does bring us to another matter, as he's alluding to here, and that is President Biden's physical fitness. He's about to turn eighty. He was asked about it in a in another interview on MSNBC over the weekend, and he likes to say, Rick, you know, watch me try to do my routine. You know, dude, I'll meet you at the gym tomorrow morning. That type of thing. But

we're gonna be hearing more and more about this. Listen to Ronnie Jackson at that Donald Trump rally, uh in Texas. Now, look, Ronnie Jackson's had his own scandals here. Uh. He never got to run the v A as Donald Trump wanted him to. He was known for, at least we understand, reportedly being liberal with his his use of certain medications for White House staff. But remember he was the man who was known for declaring Donald Trump the healthiest president of all time, and he decided to go for it

with Joe Biden. Now this is a This was a doctor, right. Listen to Ronnie Jackson. I think I'm one of the few people that have the background where I could speak intelligently about this. I know what it takes physically and mentally to be the president United States, and I'm here to tell you today I'm making a medical determination. Joseph Biden does not have what it takes to be our president. Okay, this is a physician, a retired Navy rear admiral, now

a member of Congress. And I started his President of the doctor of the president for crying out loud and I okay, unfit. Maybe you know, maybe he means that in terms of politics, whatever, No, he kept going here again, is Jackson? This man is confused. He doesn't know where he's at, he doesn't know what he's doing, he doesn't know what office he's running for. He shuffles when he walks, he slurs his speech, He stares blankly off into nowhere. This isn't this is a problem, Genie, that's a doctor,

and I realized it's a partisan one. But does the White House need to be a little more forceful on this issue? No? You know, this is Ronnie Jackson playing, you know, Ronnie Jackson before the Donald Trump crowd, trying to rally that crowd. He's probably able to do it successfully. But anybody listening to this, No, this is not the language of a responsible physician, and Ronnie Jackson has never been seen, at least in the last several years, as

a responsible physician. Joe Biden knows age is an issue the Biden administration does as well, and it's something they're going to have to address after the midterm elections. How does the White House manage this beyond what it's doing, Rick, or do they just you know, get the president up and out of bed and working every day, do it by by showing what can be done. No, that's exactly right, Joe.

There's no way you want to get into war words with the Ronnie Jackson's of the world, and so just you know, do the job, get up in the morning, as you say, and uh, show that you are able to, uh to to do the job of president United States. And and the reality is, uh, there's nothing he can do about his age, right, and it won't go away as an issue, because at least he hopes not, because anything that happens if you don't get any older is

you're you're we're holding the funeral. So coming. The reality is this is this is he's got to face the music. And there's nobody that I'm aware of in politics who thinks it's a great idea for someone who's gonna be eighty years old to be running for president. And so

you know, it's just it's a common sense. But in the world that we live in and the politics of trying to stay relevant and not become a lame duck um, you know, this administration is torn into this, this this effort to try and show that he still potentially may run for president when he decides, if he decides not to run, all this goes away, it vanishes, it does no longer become an issue. And and so it is a very transient thing, almost like what they thought inflation

was going to be. Oh boy, what when when you were in the Reagan White House, you think back to that time when there were questions about Ron Reagan's health, what what lessons did you learn them that you might apply now. I mean taking him out of the media as I is obviously not the answer. No, And and we did that in the Reagan White House. He was out of the media I for six months. Could you imagine today not having a president given interview for six months?

You imagine the conspiracy exactly. So, Uh, that didn't work. And and so the reality is it never will. The president has to be seen by the public as part of the deals, part of the compact that he has and uh and and in the case of Ron Reagan only overcame that by going out and being robust and and and and sometimes um, you know, just change in the topic. And so the only thing you know is getting into a description of the president's health if you're

the president, is a losing argument. You gotta it's a show me kind of thing. I feel like they're not going to be able to resist though, Genie. I mean, look, you're not going to put him out there. Likely the other extreme here would be Vladimir Putin. Right, They're not gonna put Joe Biden out topless on the south lawn, uh, doing push ups. But you know there's going to be a sixty minutes or a something where they shadow him on his workout routine. Right, it's got to be coming.

Oh gosh, you know, they're just the vision you just put in my head. You know, is he going to be fighting what was put in fighting? A bearer? Right? Definitely the horse. I'm going to hope that the Biden administration doesn't do that with the President. No. You know, what the president has to do is what he's been doing. He's got to be out talking to people, the American public, about their plans and how they have addressed the problems

facing America, in particular the economy and inflation. That's what they've got to do. Let Ronnie Jackson keep talking, they have to respond with facts. We're gonna keep talking here too, on the fastest hour in politics because we have the smartest panel in the business. Rick Davis and Jeannie Chanzane will meet you back here tomorrow. I'm Joe Matthew. This is Bloomberg