BIDEN

welcome to politicking I ░░░░░░░░ Matthew cook in for ░░░░░░░░ King on Wednesday the ░░░░░░░░ Reserve cut interest rates ░░░░░░░░ a second time this ░░░░░░░░ by a quarter percent ░░░░░░░░ this action increase the ░░░░░░░░ of a coming recession ░░░░░░░░ how might that impact ░░░░░░░░ 2020 election and a ░░░░░░░░ new NBC News Wall ░░░░░░░░ Journal poll conducted after ░░░░░░░░ last democratic debate shows ░░░░░░░░ Biden and Elizabeth Warren ░░░░░░░░ gaining ground and leaving ░░░░░░░░ challengers well behind what ░░░░░░░░ behind the strength of ░░░░░░░░ new frontrunner and how ░░░░░░░░ the rest of the ░░░░░░░░ adjusts their campaigning as ░░░░░░░░ result of this poll ░░░░░░░░ s talk about that ░░░░░░░░ the political panel they ░░░░░░░░ Chris Wilson he was ░░░░░░░░ of research and digital ░░░░░░░░ for Ted Cruz s ░░░░░░░░ presidential campaign he s ░░░░░░░░ Oklahoma City and in ░░░░░░░░ Robin Bhairo Democratic strategist ░░░░░░░░ former Obama campaign regional ░░░░░░░░ director he s also ░░░░░░░░ retired Ranger welcome to ░░░░░░░░ program Thank You Matthew ░░░░░░░░ to be with you ░░░░░░░░ thanks fami so let ░░░░░░░░ jump right in first ░░░░░░░░ reaction to this Federal ░░░░░░░░ cutting interest rates by ░░░░░░░░ quarter percent does this ░░░░░░░░ credence to a coming ░░░░░░░░ let s start with ░░░░░░░░ Chris well I think ░░░░░░░░ Fed is clearly concerned ░░░░░░░░ some type of downturn ░░░░░░░░ let s say recessions ░░░░░░░░ notoriously hard to predict ░░░░░░░░ if we tried to ░░░░░░░░ every time the Federal ░░░░░░░░ cut interest rates that ░░░░░░░░ gonna lead to recession ░░░░░░░░ would have lost a ░░░░░░░░ of money I m ░░░░░░░░ that way I think ░░░░░░░░ is probably more correct ░░░░░░░░ say is that the ░░░░░░░░ doesn t see any ░░░░░░░░ a looming inflation and ░░░░░░░░ don t want they ░░░░░░░░ the economy to continue ░░░░░░░░ grow without with this ░░░░░░░░ fast fossil without inflation ░░░░░░░░ I think what you ░░░░░░░░ see if there s ░░░░░░░░ assumption you make from ░░░░░░░░ is anyone who is ░░░░░░░░ refinance their home in ░░░░░░░░ the last 18 months ░░░░░░░░ gonna get out and ░░░░░░░░ it because you re ░░░░░░░░ gonna find much lower ░░░░░░░░ rates ever again Robin ░░░░░░░░ you agree oh I ░░░░░░░░ agree with Chris s ░░░░░░░░ about refinancing I m ░░░░░░░░ the middle of one ░░░░░░░░ so this is good ░░░░░░░░ for me today but ░░░░░░░░ joking aside I think ░░░░░░░░ is a prudent move ░░░░░░░░ now because there is ░░░░░░░░ of a slowdown when ░░░░░░░░ m not doing political ░░░░░░░░ I m analyzing the ░░░░░░░░ and I ve been ░░░░░░░░ the prices of gold ░░░░░░░░ up there s other ░░░░░░░░ signs that there s ░░░░░░░░ some confidence waning in ░░░░░░░░ economy I m a ░░░░░░░░ bit concerned about my ░░░░░░░░ junk getting ahead there ░░░░░░░░ ahead of the game ░░░░░░░░ and and talking about ░░░░░░░░ we just need to ░░░░░░░░ more careful and and ░░░░░░░░ of what s happening ░░░░░░░░ now with the economy ░░░░░░░░ Matthew I m concerned ░░░░░░░░ if you notice that ░░░░░░░░ democratic debate there was ░░░░░░░░ one question asked about ░░░░░░░░ economy which is always ░░░░░░░░ Paramount of an issue ░░░░░░░░ importance to voters Chris ░░░░░░░░ why don t you ░░░░░░░░ to us a little ░░░░░░░░ and inform our audience ░░░░░░░░ the this level of ░░░░░░░░ drop and interest rates ░░░░░░░░ s the context of ░░░░░░░░ historically is this sort ░░░░░░░░ unprecedented how low the ░░░░░░░░ are or is this ░░░░░░░░ of par for the ░░░░░░░░ well I think like ░░░░░░░░ said there the Fed ░░░░░░░░ t see any looming ░░░░░░░░ of inflation so you ░░░░░░░░ get concerned about some ░░░░░░░░ of potential downturn at ░░░░░░░░ but the kept bottom ░░░░░░░░ is the reason why ░░░░░░░░ drop these rates is ░░░░░░░░ for it s not ░░░░░░░░ bring on or to ░░░░░░░░ recession it s to ░░░░░░░░ the growth that is ░░░░░░░░ on and right now ░░░░░░░░ ve had unperson and ░░░░░░░░ going back to the ░░░░░░░░ of the last administration ░░░░░░░░ I think that s ░░░░░░░░ the Fed would like ░░░░░░░░ see continue we ve ░░░░░░░░ unprecedented unemployment the lowest ░░░░░░░░ in history for overall ░░░░░░░░ most important employment for ░░░░░░░░ Americans lowest unemployment for ░░░░░░░░ lowest unemployment for Hispanics ░░░░░░░░ I completely agree with ░░░░░░░░ I said the same ░░░░░░░░ publicans Chris can I ░░░░░░░░ you to contextualize your ░░░░░░░░ there because I think ░░░░░░░░ s I think that ░░░░░░░░ really interesting and then ░░░░░░░░ ll have we ll ░░░░░░░░ Robin respond is that ░░░░░░░░ rates have been declining ░░░░░░░░ during the Obama Administration ░░░░░░░░ that decline continued in ░░░░░░░░ Trump Administration and actually ░░░░░░░░ the Trump Administration the ░░░░░░░░ of decline slowed a ░░░░░░░░ bit so now you ░░░░░░░░ argue well you could ░░░░░░░░ whether or not you ░░░░░░░░ only get to zero ░░░░░░░░ under but the decline ░░░░░░░░ slowed so is this ░░░░░░░░ this an effort to ░░░░░░░░ battle what is obviously ░░░░░░░░ change in the decline ░░░░░░░░ well know contextually you ░░░░░░░░ only get to such ░░░░░░░░ to the such a ░░░░░░░░ level of unemployment there ░░░░░░░░ only so many people ░░░░░░░░ actually get to work ░░░░░░░░ at this point you ░░░░░░░░ almost at full employment ░░░░░░░░ mean you re some ░░░░░░░░ of people who are ░░░░░░░░ Jobs but really we ░░░░░░░░ down to it we ░░░░░░░░ never had unemployment at ░░░░░░░░ level and so I ░░░░░░░░ it s it is ░░░░░░░░ can only get to ░░░░░░░░ to a growth level ░░░░░░░░ everyone is working and ░░░░░░░░ are almost at that ░░░░░░░░ and what s great ░░░░░░░░ it is because it ░░░░░░░░ not just been at ░░░░░░░░ highest level society you ░░░░░░░░ seen wages continue to ░░░░░░░░ and you ve seen ░░░░░░░░ go we enter into ░░░░░░░░ that have historically been ░░░░░░░░ seen the same level ░░░░░░░░ growth and I think ░░░░░░░░ should be excited about ░░░░░░░░ but I do want ░░░░░░░░ finish the point that ░░░░░░░░ making where I where ░░░░░░░░ think Republicans in 2012 ░░░░░░░░ out of their way ░░░░░░░░ sort of point to ░░░░░░░░ recession that they hoped ░░░░░░░░ come that might defeat ░░░░░░░░ and elect Mitt Romney ░░░░░░░░ I would caution I ░░░░░░░░ Robin is exactly right ░░░░░░░░ that whenever you see ░░░░░░░░ level people pointing to ░░░░░░░░ recession or trying to ░░░░░░░░ the recession is coming ░░░░░░░░ frankly the economic signs ░░░░░░░░ t don t imply ░░░░░░░░ to be the case ░░░░░░░░ is really dangerous because ░░░░░░░░ can bring one on ░░░░░░░░ by bringing down consumer ░░░░░░░░ Robin could you speak ░░░░░░░░ that and also do ░░░░░░░░ agree with that analysis ░░░░░░░░ the unemployment rate we ░░░░░░░░ have the the underemployment ░░░░░░░░ to consider as well ░░░░░░░░ and that is exactly ░░░░░░░░ I was thinking Matthew ░░░░░░░░ that under the underemployment ░░░░░░░░ our party needs to ░░░░░░░░ tactically on this is ░░░░░░░░ analyze the areas that ░░░░░░░░ lost in 2016 the ░░░░░░░░ areas the heartland all ░░░░░░░░ those Democratic strongholds that ░░░░░░░░ lost the union voters ░░░░░░░░ their wages aren t ░░░░░░░░ that they just have ░░░░░░░░ stagnating for years and ░░░░░░░░ we re seeing growth ░░░░░░░░ much economic growth right ░░░░░░░░ but if you analyze ░░░░░░░░ it s where it ░░░░░░░░ contextually it s pretty ░░░░░░░░ in the top 25 ░░░░░░░░ performing metropolis cities so ░░░░░░░░ my party just needs ░░░░░░░░ get back on a ░░░░░░░░ message of bringing the ░░░░░░░░ out to the Heartland ░░░░░░░░ rural America and the ░░░░░░░░ and we can both ░░░░░░░░ that the farmers right ░░░░░░░░ are hurting let s ░░░░░░░░ gears for a second ░░░░░░░░ ve got this NBC ░░░░░░░░ Street Journal poll that ░░░░░░░░ released on Wednesday that ░░░░░░░░ Joe Biden and Elizabeth ░░░░░░░░ both gained ground since ░░░░░░░░ and this is after ░░░░░░░░ last debate and he ░░░░░░░░ Chris well it s ░░░░░░░░ is surprising to me ░░░░░░░░ quickly Bernie Sanders sister ░░░░░░░░ been dropping and I ░░░░░░░░ really thought camel Harris ░░░░░░░░ the first debate would ░░░░░░░░ more than she has ░░░░░░░░ she s now completely ░░░░░░░░ off the map as ░░░░░░░░ I think what you ░░░░░░░░ is it s become ░░░░░░░░ two person race between ░░░░░░░░ Joe Biden and Elizabeth ░░░░░░░░ and the question is ░░░░░░░░ it remain so there ░░░░░░░░ I think you really ░░░░░░░░ a couple of lanes ░░░░░░░░ now you have kind ░░░░░░░░ the the left to ░░░░░░░░ moderate lane that Joe ░░░░░░░░ is occupying and you ░░░░░░░░ sort of the far ░░░░░░░░ of center socialist lane ░░░░░░░░ alou s Warren is ░░░░░░░░ there s only room ░░░░░░░░ one person in that ░░░░░░░░ lane and it s ░░░░░░░░ of between Warren and ░░░░░░░░ now is does Biden ░░░░░░░░ and I really believe ░░░░░░░░ attacks from Julio Castro ░░░░░░░░ the last debate helped ░░░░░░░░ Biden and it probably ░░░░░░░░ a situation where he ░░░░░░░░ had a little bit ░░░░░░░░ a false inflation a ░░░░░░░░ high if you will ░░░░░░░░ the question is is ░░░░░░░░ able to maintain that ░░░░░░░░ it ll be interesting ░░░░░░░░ see is there it ░░░░░░░░ Tom Steyer for instance ░░░░░░░░ I find his campaign ░░░░░░░░ he didn t make ░░░░░░░░ last debate he will ░░░░░░░░ in the next one ░░░░░░░░ has unlimited money he ░░░░░░░░ a huge list behind ░░░░░░░░ a large organizational structure ░░░░░░░░ he can put to ░░░░░░░░ in the end of ░░░░░░░░ the early States is ░░░░░░░░ able to go compete ░░░░░░░░ Joe Biden and is ░░░░░░░░ moderate in the for ░░░░░░░░ Democratic Party lane right ░░░░░░░░ but I would caution ░░░░░░░░ who makes too much ░░░░░░░░ out of a poll ░░░░░░░░ September of 2015 or ░░░░░░░░ I m thinking back ░░░░░░░░ years ago PTSD there ░░░░░░░░ 2019 that it probably ░░░░░░░░ irrelevant to what happens ░░░░░░░░ we get to Iowa ░░░░░░░░ New Hampshire and South ░░░░░░░░ and Nevada and that ░░░░░░░░ really whatever whenever you ░░░░░░░░ gonna start to see ░░░░░░░░ race develop more and ░░░░░░░░ s fastened if you ░░░░░░░░ back how many times ░░░░░░░░ had candidates leading and ░░░░░░░░ could quote back over ░░░░░░░░ over again leading at ░░░░░░░░ point in the race ░░░░░░░░ mean Hillary Clinton was ░░░░░░░░ by about 30 points ░░░░░░░░ now in 2008 and ░░░░░░░░ ultimately falter and are ░░░░░░░░ to maintain that lead ░░░░░░░░ that s what that ░░░░░░░░ I think the question ░░░░░░░░ be decided is is ░░░░░░░░ Biden able to maintain ░░░░░░░░ strength right now it ░░░░░░░░ like he is but ░░░░░░░░ that does that hold ░░░░░░░░ another three to four ░░░░░░░░ Robin what think there ░░░░░░░░ several good takeaways here ░░░░░░░░ for the viewers specifically ░░░░░░░░ want them to understand ░░░░░░░░ not just dismiss the ░░░░░░░░ this go round because ░░░░░░░░ was flawed before but ░░░░░░░░ they can pull bait ░░░░░░░░ poll cell phone numbers ░░░░░░░░ they couldn t a ░░░░░░░░ years ago so now ░░░░░░░░ you look at the ░░░░░░░░ methodology of these polls ░░░░░░░░ two thirds of the ░░░░░░░░ contacted are by cell ░░░░░░░░ which is great news ░░░░░░░░ I know that the ░░░░░░░░ person in my life ░░░░░░░░ still has a landline ░░░░░░░░ my 96 year old ░░░░░░░░ so I do expect ░░░░░░░░ polls to be more ░░░░░░░░ this go round now ░░░░░░░░ m not surprised that ░░░░░░░░ Biden did better this ░░░░░░░░ he didn t stumble ░░░░░░░░ much he was solid ░░░░░░░░ didn t see anything ░░░░░░░░ outstanding so I m ░░░░░░░░ little bit surprised that ░░░░░░░░ Warren rose as much ░░░░░░░░ she did but look ░░░░░░░░ the numbers that she ░░░░░░░░ drawing at her rallies ░░░░░░░░ just drew in her ░░░░░░░░ audience at the rally ░░░░░░░░ New York City was ░░░░░░░░ 20 000 people which ░░░░░░░░ the biggest Trump rallies ░░░░░░░░ there are so I ░░░░░░░░ that she s got ░░░░░░░░ enthusiasm behind her that ░░░░░░░░ Joe Biden doesn t ░░░░░░░░ you go back to ░░░░░░░░ Iowa State Fair she ░░░░░░░░ strong in crowds three ░░░░░░░░ what Joe Biden was ░░░░░░░░ I think that he ░░░░░░░░ like Chris said have ░░░░░░░░ sugar high right now ░░░░░░░░ off of some sympathy ░░░░░░░░ the Huli on Castro ░░░░░░░░ but I do expect ░░░░░░░░ see maybe Elizabeth Warren ░░░░░░░░ away from this I ░░░░░░░░ to point out too ░░░░░░░░ at this point in ░░░░░░░░ Obama was still in ░░░░░░░░ digits so there s ░░░░░░░░ some room from one ░░░░░░░░ these other candidates but ░░░░░░░░ m not sure who ░░░░░░░░ let s just pretend ░░░░░░░░ a second that we ░░░░░░░░ advisers to the Sanders ░░░░░░░░ what would you advise ░░░░░░░░ to do to to ░░░░░░░░ their their position against ░░░░░░░░ and against Biden Chris ░░░░░░░░ know it s a ░░░░░░░░ place to be whatever ░░░░░░░░ were a leader in ░░░░░░░░ prior campaign and then ░░░░░░░░ find yourself stumbling in ░░░░░░░░ new campaign I think ░░░░░░░░ is his real his ░░░░░░░░ you can only be ░░░░░░░░ insurgent once and he ░░░░░░░░ of had that chance ░░░░░░░░ 2016 I think a ░░░░░░░░ of people who who ░░░░░░░░ with him and 16 ░░░░░░░░ now moved over to ░░░░░░░░ because they re looking ░░░░░░░░ you know a younger ░░░░░░░░ if you will but ░░░░░░░░ does I mean Elizabeth ░░░░░░░░ comes off a little ░░░░░░░░ reasonable and a lot ░░░░░░░░ little more energetic than ░░░░░░░░ think that I think ░░░░░░░░ and I agree with ░░░░░░░░ point about rallies I ░░░░░░░░ I disagree about drawing ░░░░░░░░ than Trump me Trump ░░░░░░░░ getting sixty eight thousand ░░░░░░░░ in some of his ░░░░░░░░ in The South trust ░░░░░░░░ I was up against ░░░░░░░░ and still am going ░░░░░░░░ therapy over my experiences ░░░░░░░░ but he is everything ░░░░░░░░ rallies matter a lot ░░░░░░░░ m sorry no going ░░░░░░░░ s just say those ░░░░░░░░ matter a lot and ░░░░░░░░ drew 20 000 and ░░░░░░░░ m sorry she drew ░░░░░░░░ 000 in New York ░░░░░░░░ the difference is in ░░░░░░░░ Trump was driving 20 ░░░░░░░░ in Manchester when Warren ░░░░░░░░ drawing those types of ░░░░░░░░ it s gonna be ░░░░░░░░ impressive but she s ░░░░░░░░ she is getting and ░░░░░░░░ a point about how ░░░░░░░░ more people she is ░░░░░░░░ then Biden is I ░░░░░░░░ is important to point ░░░░░░░░ important and it matters ░░░░░░░░ it shows the enthusiasm ░░░░░░░░ her candidacy right now ░░░░░░░░ frankly Sanders had those ░░░░░░░░ level rallies in in ░░░░░░░░ I ll never forget ░░░░░░░░ had a rally the ░░░░░░░░ day Ted Cruz did ░░░░░░░░ Oklahoma City where I ░░░░░░░░ to hear right now ░░░░░░░░ he drew about 20 ░░░░░░░░ Bernie Sanders did in ░░░░░░░░ Red State like Oklahoma ░░░░░░░░ so but you re ░░░░░░░░ not seeing him engender ░░░░░░░░ type of enthusiasm so ░░░░░░░░ terms of what I ░░░░░░░░ advise him it d ░░░░░░░░ its it would be ░░░░░░░░ tough place to be ░░░░░░░░ of advisors right now ░░░░░░░░ I think it s ░░░░░░░░ tough to reignite an ░░░░░░░░ that you had before ░░░░░░░░ you seem to have ░░░░░░░░ what do you think ░░░░░░░░ there s not a ░░░░░░░░ more than I can ░░░░░░░░ Christians pretty much nailed ░░░░░░░░ here one thing that ░░░░░░░░ want to point out ░░░░░░░░ that Bernie Sanders isn ░░░░░░░░ giving us anything that ░░░░░░░░ haven t heard from ░░░░░░░░ before and 2016 to ░░░░░░░░ the same mantra even ░░░░░░░░ we need it it ░░░░░░░░ time for a political ░░░░░░░░ he had that chance ░░░░░░░░ 2016 he needs to ░░░░░░░░ least change that slogan ░░░░░░░░ us some fresh ideas ░░░░░░░░ not just steal ideas ░░░░░░░░ the other candidates and ░░░░░░░░ them and say that ░░░░░░░░ s improved upon them ░░░░░░░░ need fresh ideas from ░░░░░░░░ himself that would be ░░░░░░░░ advice Robin Chris stay ░░░░░░░░ there more politicking right ░░░░░░░░ the break