Bloomberg's Murphy on Obama's Endorsement of Clinton (Audio)

love yesterday like it's historic, but people aren't. You know, we don't feel as as historic as we might have

maybe ten years ago about a woman president. Yes, you know, I think that it was such a moment the other night, and I think it was a moment that even regardless of your political persuasion, it would be hard not to believe that as a country, this does have some historical import And what I thought was so interesting about it, even though we knew it was going to happen, was you know, she wrote off this video before and the video was about women and women struggles for equal rights,

when struggles for voting, women struggle, you know, sort of on labor practices, and it's going back to Seneca Fall is a sort of journey that women have gone through

in this country. And it was a very I thought, bold move and one that you know, because there will be a ton of people who say, well, I'm not why should you just vote for someone because there are women, But it was a stark reminder that, in such sharp contrast from two thousand and eight, Hillary Clinton is running first and almost first and foremost as a woman, and she's ready to embrace that mental She's ready to go forward.

So yes, I think there will still be a lot of dissection of this, what this means, you know, what this means, why it's taken so long when so many other countries have already had a female president, premier, prime minister, etcetera. But I think there's no mistaking that she wants the

hand of history on her shoulder. August eighteen is a special day because August eighteen marks the ratification of the nineteenth Amendment to the Constitution was ratified in nine twenty and it grants women the right to vote in the United States. As we get ready for that as well as for the real action in the political battlefield, wondering what role do you think Bernie Sanders plays? How does

this play out for Senator Sanders? I think everyone was a little bit sharp intake of breath today that Bernie I would call it double down and triple down. You know, this is a man who is not going quietly into the night. And what is always so interesting about Bernie as well as his wife Jane, who has played such a large component of his campaign as many ways sort

of the backbone of this operation. Um, I think that, and as a very close advisor of his, I think she will to be pushing him to think, Okay, when does it become this movement and we push it forward? And we already have. Bernie Sanders impact on America will be written in time later, but but he has had a profound, profound impact on the party in terms of its acceptance of the progressive wing, in terms of its grappling with what kind of agenda he wants wants to

put forward. What do we really want to be telling people about healthcare in this country, about its aging population, about how we're going to take care of our old people, how are we going to afford college education, income inequality, these things that are so often in America sort of dismissed with a pat political uh, sort of intransigence, and nothing's ever really going to really happen. When I say to people with Bernie Sanders, so much of what he's

fought for is actually quite common in Western Europe. You know, what he's succeeded in doing is changing and reshaping the narrative of what is possible in sort of a broader social system in America. And I think that mark on this election will be indelible, and Hillary Clinton will be will be a tremendous misstep by her to not acknowledge

it and not try to build on it. When we report here in Bloomberger that Hillary is going saying she's going to consult with Senator Elizabeth Warren, who has been a major bank critic on Wall Street, are we supposed to think, Oh, she's jumping more on that bandwagon. She's to be been defensive to a certain extent about her support of Wall Street. Right. Uh, but is it playing to the Bernie Sanders supporters? Is is that how I

should really look at this? Is politics? Again? Look, Hillary has an open wound on this and the sense of the amount of contributions she accepted from Wall Street is astronomical. You know, these speeches were given, these fees were accepted as high as seved in some cases they were numerous ubs,

golden sacks. So but what she and what she has done and done quite successfully, is walked this line between I don't believe in breaking up the banks, I don't believe bankers are truly evil, and I'm going to crack down on Wall Street in the sense of I'm going to crack down on risk. I believe risks migrated to the shadow banking sector, to the sectors you don't see.

Maybe it's pure to pure lending, maybe it's hedge funds, maybe it's you know, areas that have now controlling parts of our financial transaction world that we don't see as easily. That's going to be an increasingly difficult road to walk, I think because so much of Bernie Sanders support was this. You know, it's anathema, you know Wall Street, big bank should and Elizabeth Warren is the most vocal of this. You know, banks essentially need to be reined in, broken

up and controlled. Now there's a lot of talk always about a two woman race this year that Elizabeth Warren will you know, will be considered. I still think that a lot of a lot of people think this would be very difficult. They're not personally close, but she did say that they've been talking. Uh that would do. Picking lets with Warner's VP or giving Lizbeth Warren some high profile role in this campaign would help her with Bernie. Thank you very much for coming in and spending time

with us. Always a pleasure. Makan Murphy, Bloomberg's Washington Bureau chief. Of course, we'll be looking forward to the sixteen Democratic National Convention July through he held at the Wells Fargo Center in Philadelphia. You're listening to taking Stock on or radio.