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

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  Speaker 1: Politics, We return, it is an historic day. Megan Murphy
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  Speaker 1: is here, Washington Bureau Chief in our Bluebrig eleven thirty
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  Speaker 1: studio in New York to talk about President Obama endorsing
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  Speaker 1: Hillary Clinton, his conversation with Bernie Sanders, and Hillary saying
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  Speaker 1: she might talk to a fellow woman politician about some
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  Speaker 1: very important issues in the campaign. Megan, welcome, Thanks so
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  Speaker 1: much for having me on. You know, everybody keeps we
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  Speaker 1: asked this, Craig Gordon just now earlier today, Margaret to
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  Speaker 1: love yesterday like it's historic, but people aren't. You know,
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  Speaker 1: we don't feel as as historic as we might have
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  Speaker 1: maybe ten years ago about a woman president. Yes, you know,
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  Speaker 1: I think that it was such a moment the other night,
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  Speaker 1: and I think it was a moment that even regardless
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  Speaker 1: of your political persuasion, it would be hard not to
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  Speaker 1: believe that as a country, this does have some historical
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  Speaker 1: import And what I thought was so interesting about it,
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  Speaker 1: even though we knew it was going to happen, was
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  Speaker 1: you know, she wrote off this video before and the
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  Speaker 1: video was about women and women struggles for equal rights,
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  Speaker 1: when struggles for voting, women struggle, you know, sort of
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  Speaker 1: on labor practices, and it's going back to Seneca Fall
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  Speaker 1: is a sort of journey that women have gone through
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  Speaker 1: in this country. And it was a very I thought,
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  Speaker 1: bold move and one that you know, because there will
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  Speaker 1: be a ton of people who say, well, I'm not
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  Speaker 1: why should you just vote for someone because there are women,
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  Speaker 1: But it was a stark reminder that, in such sharp
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  Speaker 1: contrast from two thousand and eight, Hillary Clinton is running
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  Speaker 1: first and almost first and foremost as a woman, and
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  Speaker 1: she's ready to embrace that mental She's ready to go forward.
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  Speaker 1: So yes, I think there will still be a lot
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  Speaker 1: of dissection of this, what this means, you know, what
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  Speaker 1: this means, why it's taken so long when so many
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  Speaker 1: other countries have already had a female president, premier, prime minister, etcetera.
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  Speaker 1: But I think there's no mistaking that she wants the
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  Speaker 1: hand of history on her shoulder. August eighteen is a
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  Speaker 1: special day because August eighteen marks the ratification of the
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  Speaker 1: nineteenth Amendment to the Constitution was ratified in nine twenty
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  Speaker 1: and it grants women the right to vote in the
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  Speaker 1: United States. As we get ready for that as well
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  Speaker 1: as for the real action in the political battlefield, wondering
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  Speaker 1: what role do you think Bernie Sanders plays? How does
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  Speaker 1: this play out for Senator Sanders? I think everyone was
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  Speaker 1: a little bit sharp intake of breath today that Bernie
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  Speaker 1: I would call it double down and triple down. You know,
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  Speaker 1: this is a man who is not going quietly into
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  Speaker 1: the night. And what is always so interesting about Bernie
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  Speaker 1: as well as his wife Jane, who has played such
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  Speaker 1: a large component of his campaign as many ways sort
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  Speaker 1: of the backbone of this operation. Um, I think that,
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  Speaker 1: and as a very close advisor of his, I think
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  Speaker 1: she will to be pushing him to think, Okay, when
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  Speaker 1: does it become this movement and we push it forward?
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  Speaker 1: And we already have. Bernie Sanders impact on America will
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  Speaker 1: be written in time later, but but he has had
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  Speaker 1: a profound, profound impact on the party in terms of
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  Speaker 1: its acceptance of the progressive wing, in terms of its
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  Speaker 1: grappling with what kind of agenda he wants wants to
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  Speaker 1: put forward. What do we really want to be telling
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  Speaker 1: people about healthcare in this country, about its aging population,
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  Speaker 1: about how we're going to take care of our old people,
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  Speaker 1: how are we going to afford college education, income inequality,
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  Speaker 1: these things that are so often in America sort of
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  Speaker 1: dismissed with a pat political uh, sort of intransigence, and
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  Speaker 1: nothing's ever really going to really happen. When I say
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  Speaker 1: to people with Bernie Sanders, so much of what he's
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  Speaker 1: fought for is actually quite common in Western Europe. You know,
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  Speaker 1: what he's succeeded in doing is changing and reshaping the
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  Speaker 1: narrative of what is possible in sort of a broader
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  Speaker 1: social system in America. And I think that mark on
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  Speaker 1: this election will be indelible, and Hillary Clinton will be
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  Speaker 1: will be a tremendous misstep by her to not acknowledge
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  Speaker 1: it and not try to build on it. When we
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  Speaker 1: report here in Bloomberger that Hillary is going saying she's
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  Speaker 1: going to consult with Senator Elizabeth Warren, who has been
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  Speaker 1: a major bank critic on Wall Street, are we supposed
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  Speaker 1: to think, Oh, she's jumping more on that bandwagon. She's
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  Speaker 1: to be been defensive to a certain extent about her
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  Speaker 1: support of Wall Street. Right. Uh, but is it playing
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  Speaker 1: to the Bernie Sanders supporters? Is is that how I
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  Speaker 1: should really look at this? Is politics? Again? Look, Hillary
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  Speaker 1: has an open wound on this and the sense of
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  Speaker 1: the amount of contributions she accepted from Wall Street is astronomical.
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  Speaker 1: You know, these speeches were given, these fees were accepted
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  Speaker 1: as high as seved in some cases they were numerous ubs,
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  Speaker 1: golden sacks. So but what she and what she has
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  Speaker 1: done and done quite successfully, is walked this line between
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  Speaker 1: I don't believe in breaking up the banks, I don't
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  Speaker 1: believe bankers are truly evil, and I'm going to crack
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  Speaker 1: down on Wall Street in the sense of I'm going
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  Speaker 1: to crack down on risk. I believe risks migrated to
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  Speaker 1: the shadow banking sector, to the sectors you don't see.
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  Speaker 1: Maybe it's pure to pure lending, maybe it's hedge funds,
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  Speaker 1: maybe it's you know, areas that have now controlling parts
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  Speaker 1: of our financial transaction world that we don't see as easily.
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  Speaker 1: That's going to be an increasingly difficult road to walk,
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  Speaker 1: I think because so much of Bernie Sanders support was this.
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  Speaker 1: You know, it's anathema, you know Wall Street, big bank
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  Speaker 1: should and Elizabeth Warren is the most vocal of this.
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  Speaker 1: You know, banks essentially need to be reined in, broken
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  Speaker 1: up and controlled. Now there's a lot of talk always
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  Speaker 1: about a two woman race this year that Elizabeth Warren
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  Speaker 1: will you know, will be considered. I still think that
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  Speaker 1: a lot of a lot of people think this would
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  Speaker 1: be very difficult. They're not personally close, but she did
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  Speaker 1: say that they've been talking. Uh that would do. Picking
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  Speaker 1: lets with Warner's VP or giving Lizbeth Warren some high
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  Speaker 1: profile role in this campaign would help her with Bernie.
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  Speaker 1: Thank you very much for coming in and spending time
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  Speaker 1: with us. Always a pleasure. Makan Murphy, Bloomberg's Washington Bureau chief.
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  Speaker 1: Of course, we'll be looking forward to the sixteen Democratic
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  Speaker 1: National Convention July through he held at the Wells Fargo
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  Speaker 1: Center in Philadelphia. You're listening to taking Stock on or radio.