Skip to player
Skip to main content
Search
Connect
Watch fullscreen
Like
Bookmark
Share
More
Add to Playlist
Report
Public Opinion Key to Ending Shutdown: Bernstein
Bloomberg
Follow
3 hours ago
Category
🗞
News
Transcript
Display full video transcript
00:00
We're in day six of the shutdown. We're on week two officially. Given that you do have this
00:05
experience under your belt, what's your best guess as to what those conversations behind
00:10
those closed doors might sound like at this point? Well, there's a lot of, first of all,
00:15
thank you for having me on and raising this important topic. And I thought the previous
00:19
conversation was very helpful as well. There are two main conversations that you'd expect
00:26
behind closed doors right now, or at least two. One is assessing who's winning. Public opinion
00:33
is a huge factor in determining how long this goes on and when it ends. Right now, the polling shows
00:41
that Democrats are doing better than Republicans in this regard, both because people are somewhat
00:48
moved by the Democrats' message regarding health coverage. It's also the case that 70% of people
00:56
who are on the Affordable Care Act exchanges live in red states. So it's not quite the clean,
01:01
red, blue break that Republicans would like. And then there's a discussion of just pure functionality.
01:08
Are we getting what we need? How damaging is it that the data reports aren't coming out?
01:13
Who's an exempt person? What's going on with things that are huge for consumers, air traffic control,
01:20
the TSA workers? Remember, they're now working without pay. And that has been a real source of
01:26
pressure in prior shutdowns. So there's some of the things going on, I would imagine, behind closed
01:31
doors. Well, that's what I'm curious about, where the rubber meets the road when it comes to actually
01:35
determining public opinion. As you say, that's really going to determine who blinks first when it
01:41
comes to this standoff. So, I mean, maybe missing the jobs report, we care about that. But when it
01:46
comes to the American public, what are some of the things that we need to keep an eye on as these days
01:52
and potentially weeks progress? Well, it's a great point. Folks coming to your microphones, including
01:58
myself, will bemoan all day missing the jobs report. It's not something that regular people are
02:04
really keyed into. I think it has a lot more to do with the things that affect people's everyday
02:11
lives. OK, so travel is huge. And I've seen shutdowns end the afternoon of the morning that
02:19
the air traffic controller said, that's it. We're just not going to keep coming to work without pay.
02:24
Now, that can take four weeks. It can take five weeks. But that is what happened in one of the more
02:30
recent shutdowns. Same with, of course, TSA workers. People are very sensitive to those kinds
02:37
of lines. Then you have services that people want to access, whether it's getting your passport in a
02:44
timely way, whether it's calling the Social Security Administration, which is very clear, of course,
02:49
Social Security checks go out and they'll continue to go out. The workers that send those out are
02:53
so-called exempt or essential workers or exempt from the furloughs. But if you try to call somebody and
02:59
get them on the phone, it's hard anyway. It's particularly hard now. So I think it's those
03:04
kinds of, you might think of them as almost harassment just in getting through your daily
03:08
lives factors that can lead to a level of frustration that eventually forces Congress to
03:14
move. I am curious, Jared, just about the politicking around this, particularly on the
03:19
Democrats' side. I know that they have made this an issue about the Affordable Care Act and
03:23
reinstating the provisions that they think should have never been stripped out to begin with out
03:29
of those previous bills. But I'm also curious as to whether there is something underneath the
03:34
surface here that goes a little bit deeper about trying to curb the power of the presidency,
03:40
of Trump specifically.
03:42
Oh, that's unquestionable. And I don't even know if it's that far under the surface. I mean,
03:47
you've heard Democrats explicitly argue that one of the motivations for the shutdown is that they
03:54
can't even trust Republicans if there's a handshake, if there's agreement, because of all these
04:00
rescissions and impoundments. The idea would be that you'd legislate a budget deal, but then the
04:05
other side will refuse to spend the allocated funds. I think one way in which Democrats are operating
04:11
is that this may not prove to be the ultimately successful legislative strategy. They may not end up
04:19
getting exactly what they want. That's typically the case in shutdowns. But it's also a very important
04:25
messaging strategy for them. They have the microphone. They have a little bit of leverage
04:29
here because of the filibuster. And they're going to let people know the ways in which, A, they're being
04:35
left out of politics, B, the ways in which Republicans are hurting them right where it hurts, in their
04:40
affordability pockets, in their wallets and pocketbooks. And C, just very, very focused on
04:48
the health care dimension of all that.
04:51
Does that, do you think that that's going to resonate, though, with the American people? I mean,
04:55
we've seen the spin by the Republicans and they've been relentless and more importantly, united in that
05:01
messaging so far. And I am curious as to how rank and file voters actually view what's going on in
05:06
Washington. Well, that's why we now have pollsters who are literally taking daily polls of this stuff.
05:11
So that question is very much a temperature question. You have to take the temperature every
05:16
day, see where the public is. Thus far, I've actually been surprised about how disciplined
05:21
the Democrats are. They're not exactly known for being a disciplined group these days, but they've
05:26
been staying very much on message. And I've seen numbers north of 70 percent in terms of people who
05:33
are moved by the Democratic message that Republicans are hurting them when it comes to health care
05:39
affordability. This certainly came up during the Budget Debate Act. But the fact that 77 percent
05:47
of folks on the ACA exchanges are in red states, that hasn't been lost on folks in the debate.
05:53
And the fact that Republicans, of course, control all three branches of government for, if you want to
05:58
include the conservatives on the Supreme Court. And so thus far, Democrats have been prevailing. I have a
06:04
sense that that's pretty elastic. It could change perhaps quickly. But that is that that is the
06:10
temperature taking exercise these days.
Be the first to comment
Add your comment
Recommended
2:19
|
Up next
White House Freezes $18B In NYC Funding As Shutdown Hits
Bloomberg
3 hours ago
6:03
'Prolonged' Government Shutdown a Risk: PIMCO's Cantrill
Bloomberg
3 hours ago
0:32
Aerial views of pump track site in St Austell
Tindle News
3 hours ago
11:31
Equities Stumble to Close Week | Closing Bell
Bloomberg
5 hours ago
5:51
US Prices Will Rise From China Spat: Barclays Economist
Bloomberg
4 hours ago
7:09
US Hurtles Towards Shutdown, Parties at Impasse
Bloomberg
3 hours ago
10:55
Stocks Climb on Oil Rally, Intel Beats | Closing Bell
Bloomberg
4 hours ago
6:44
Cash Becoming Dominant 2025 Theme: PIMCO's Schneider
Bloomberg
3 hours ago
10:33
S&P, Nasdaq Close Out Worst Day Since April | Closing Bell
Bloomberg
4 hours ago
5:32
Shutdown May Dull OBBB Benefits: Wharton Budget Chief
Bloomberg
3 hours ago
2:11
Fed Is Flying Blind Due to Shutdown, Slok Says
Bloomberg
3 hours ago
8:30
Republicans Float Idea of Using Long-Term Stopgap Bill to End Shutdown
Bloomberg
4 hours ago
2:51
Shutdowns Aren't Good For Anybody: Jeb Hensarling
Bloomberg
3 hours ago
3:25
Greed Has Taken Over the News Business: Connie Chung
Bloomberg
4 hours ago
2:12
Congress Must Provide Guardrails to Keep Fed Independence: Jeb Hensarling
Bloomberg
3 hours ago
2:21
Government Shutdown to Disrupt a Second Week of Economic Data
Bloomberg
3 hours ago
1:22
Trump, Congressional Leaders to Meet as Shutdown Looms
Bloomberg
3 hours ago
12:05
Shutdown Pain Ripples Through US Economy
Bloomberg
6 hours ago
5:22
Evercore's Emanuel 'Surprised' by Market's Strength
Bloomberg
3 hours ago
6:47
Sept. Planned Job Additions Weakest Since 2011
Bloomberg
3 hours ago
3:34
Trump Plans to Use Shutdown to Fire Federal Workers
Bloomberg
3 hours ago
5:08
We've Been Trading Duopoly For Too Long: Jeb Hensarling
Bloomberg
3 hours ago
1:33
Republicans Inch Closer to a SALT Cap Compromise
Bloomberg
4 hours ago
1:08
Trump To Meet Democrats As Shutdown Looms
Bloomberg
5 hours ago
3:50
Managing Supply Chain Changes Amid Trade Uncertainty
Bloomberg
4 hours ago
Be the first to comment