Fox Business Network

Fox Business Network 8 Nov 2019

Bloomberg's billionaire status could hurt him in primaries: Mark Penn

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MDC Partners CEO and former senior Clinton adviser argues Elizabeth Warren's Medicare-for-all plan and Joe Biden's weakness may have paved the way for Michael Bloomberg's entering the 2020 Democratic field. #FoxNews


Podcast host of "Democracy-ish" Touré talks about President Trump's seemingly "racist" attacks on other politicians and how they could affect him in the 2020 election.
Some members of Congress are making it clear they want impeachment proceedings to start immediately. Former Senior Adviser to President Obama Neera Tanden and Washington Examiner Senior Political Correspondent David Drucker join Chris Jansing to discuss whether too much focus on oversight of the president could actually hurt Democrats' chances of defeating him in 2020.
This 30-year-old man with special needs was found walking along a highway in Waco, Texas, alone. When cops asked him who they could call, he only remembered one name: his junior high teacher. Now that teacher is taking him in and helping him have the "good life" he deserves.
The 'Empire' actor privately turns himself in to authorities alongside his attorneys in Chicago; Matt Finn reports from police headquarters.

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MARIA: WHO ARE YOU EXPECTING TO
ENTER THE RACE?
>> WELL, I'M NOT SURE EXACTLY
WHO WILL ENTER, IF YOU'RE A
MICHAEL BLOOMBERG, HILLARY
CLINTON, JOHN KERRY OR MICHELLE
OBAMA, YOU'RE PROBABLY SITTING
THERE THANK YOU, I COULD TAKE
THIS FIELD, MAYBE I SHOULD GET
IN, MAYBE NOT, ALL FOUR OF THEM
ARE POSSIBILITIES, I THINK AT
THIS POINT BROAD RECOGNITION OR
REALLY DEEP POCKET FINANCES.
MARIA: THAT WAS MARK PENN
PREDICTING MICHAEL BLOOMBERG
WILL ENTER THE 2020 RACE, THAT
WAS LAST MONTH AND HAS BEEN
SAYING THAT IN SEVERAL MONTHS
RECENTLY, BLOOMBERG IS EXPECTED
TO FILE PAPERWORK TO GET IN
DEMOCRATIC BALLOT MANY -- IN
ALABAMA TODAY.
JOINING US STAGWELL GROUP
PRESIDENT MARK PENN, THANKS SO
MUCH.
>> GOOD MORNING.
MARIA: YOU WERE RIGHT, YOU
PREDICTED THIS AA LONG TIME AGO,
CONGRATS, YOU MADE THE CALL,
FIRST HE HAS TO GET THROUGH THE
PRIMARY, HOW DO YOU SEE THE
FIELD ACCEPTING MICHAEL
BLOOMBERG, WOULD HE BE ABLE TO
TAKE ELIZABETH WARREN WHO HAS
BEEN RISING AS MUCH AS SHE HAS
AND JOE BIDEN WHO HAS BEEN IN
THE NUMBER ONE SPOT?
>> WELL, I THINK THAT WHAT YOU
ARE SEEING IN THE LAST COUPLE OF
WEEKS IS A LITTLE BIT OF
WEAKNESS IN PART OF JOE BIDEN
AND I THINK ELIZABETH WARREN
CREATED AN OPENING WITH
HEALTHCARE PLAN THAT WITH
520,052,000,000,000,000-DOLLAR
PRICE TAG AND I THINK THAT
CREATED A PRETTY SENSIBLE
DECISION AND MICHAEL BLOOMBERG,
MAYBE I SHOULD GET OUT GIVEN THE
FIELD AND HOW IT'S DEVELOPING,
HE WILL START ABOUT 6 OR 7%, HE
COMES IN AS A SOCIAL PROGRESSIVE
BUT ECONOMIC MODERATE AND THE
QUESTION WILL BE CAN HE CATCH
ON, I DON'T THINK IT'S A SURE
THING BUT GIVEN HIS AGE AND
POSITION THIS PROBABLE WE WAS
REMAINING OPPORTUNITY TO RUN FOR
PRESIDENT AND HE'S TAKEN IT.
MARIA: WHAT'S THE LIKELIHOOD
HE'S NOMINATED AS THEIR
CANDIDATE TO GO UP AGAINST
DONALD TRUMP.
>> WELL, LOOK, I THINK IN THIS
FIELD NOW WE COULD WELL HAVE A
CONVENTION WHERE NOBODY HAS A
MAJORITY GOING INTO IT.
NOW KNOW, I HATE TO HANDICAP
BEFORE HE EVEN LAUNCHES, HE WILL
HAVE TO FIGURE OUT HOW TO GET
SOME DEBATES BEFORE THEY ARE
OVER, HE WILL COME WITH A LITTLE
BIT OF DISADVANTAGE, MAYBE NOT
IN IOWA, NOT IN NEW HAMPSHIRE,
FILING DEADLINE FOR NEW
HAMPSHIRE IS A COUPLE OF DAYS
AWAY AND HILLARY CLINTON HAS A
COUPLE OF DAYS LEFT HERE TO MAKE
FINAL DECISION.
>> MARK, JAMES FREEMAN AT THE
WALL STREET JOURNAL, YOU
MENTIONED THE POSSIBLE ELIZABETH
WARREN HEALTH PLAN ISSUE DRAWING
BLOOMBERG INTO THE RACE, I WAS
INTERESTED IN THE RECENT
NAVIGATOR POLL SHOWING THAT 25%
OF DEMOCRATS REALIZE THAT THE
BERNIE-WARREN CARE PLAN DOESN'T
ALLOW THEM TO HAVE PRIVATE
HEALTH INSURANCE.
IS THAT NUMBER GOING TO GET
CLOSER TO 10% AS WE GET THROUGH
THIS PROCESS AND ARE WE --
SHOULDN'T WE EXPECT A BIG
DECLINE FROM BOTH OF THEM?
>> I THINK THERE'S NO DOUBT THAT
AS PEOPLE LEARN THAT MEDICARE
FOR ALL MEANS NO PRIVATE
HEALTHCARE FOR ALL.
THAT ENTHUSIASM FOR THE CONCEPT
WILL FADE AND RATHER THAN AMEND
IT, THEY WOULD MAKE IT
ACCEPTABLE, I THINK WARREN WENT
RIGHT INTO PUBLIC OPINION THAT I
THINK WOULD BE QUITE HOSTILE TO
THE CONCEPT AND YOU'RE EXACTLY
RIGHT, I THINK THE MORE THEY
LEARN ABOUT THE MORE HE'S GOING
TO HAVE PROBLEMS AND I THINK
THAT CREATED AN OPENING FOR THE
MODERATES IN THE DEMOCRAT PARTY
AND SAY, HEY, IF YOU WANT STRONG
CANDIDATE WITH EXPERIENCE AND
SOMEBODY WITH SENSIBLE PLANS.
>> MARK, QUESTION, WE HAVE SEEN
PEOPLE LEAVING THE RACE, BETO
O'ROURKE AND SOME OTHERS, IT'S
BEEN RUMORED THAT KAMALA HARRIS,
SHE MIGHT BE POISED TO EXIT, DO
YOU THINK MIKE BLOOMBERG COMING
INTO THE RACE PUSHES SOME OTHER
CANDIDATES WHO ARE NOT REALLY
VERY SECURE IN THEIR FUNDING AND
FOLLOWING OUT OF THE RACE?
>> I THINK IF A CANDIDATE
DOESN'T HAVE A STRONG FOOTHOLD
BY NOW IN EITHER IOWA OR NEW
HAMPSHIRE, THEY WILL HAVE
PROBLEMS REALLY CONTINUING IN
THIS RACE AND I THINK KAMALA
HARRIS SO FAR HASN'T BEEN ABLE
TO ESTABLISH THAT WHEREAS MAYOR
PETE IS PRETTY STRONG IN IOWA,
SO SUGGEST THAT HE WOULD BE ABLE
TO STAY IN AND HOPE FOR A GOOD
PERFORMANCE THERE.
>> MARK, WIG QUESTION, DIERDRE
HERE, YOU SAID IF MICHAEL
BLOOMBERG IS ABLE TO MASTER THE
DEBATES ONCE HE'S INTO THEM AND
EVEN PRESIDENT TRUMP'S CRITICS
SAY HE'S AMAZING ON MARA, HE
KNOWS HOW TO COMMAND AN
AUDIENCE, HOW IMPORTANT IS THAT
IN THIS DAY AND AGE, TWITTER,
WHATEVER ELSE YOU WANT TO TALK
ABOUT AND IS MICHAEL BLOOMBERG
UP TO THE TASK?
>> I THINK HE'S DEFINITELY UP TO
THE TASK, THERE'S GETTING IN AND
CATCHING ON WITH SOME MOMENTUM,
I THINK HE WILL GET IN AND I
THINK HE'S GOING SPEND
CONSIDERABLE RESOURCES HERE, HE
HAS IN MAYORAL RAISES AND HE HAS
POWERFUL BIOGRAPHY AND HAS
SERIOUS ACCOMPLISHMENTS, HAVING
SAID THAT, HE'S GOING TO HAVE TO
CONNECT WITH DEMOCRATIC PRIMARY
VOTERS NATIONALLY, SOMETHING
THAT HE HASN'T DONE YET, THAT
MEANS HIS FRESH, PEOPLE GIVE HIM
GOOD LOOK.
MARIA: DEMOCRAT ARE WITH
ALTERNATIVE IDEAS TO ELIZABETH
WARREN'S TAX PLAN, EVEN IF THE
PARTY CAPTURES BOTH CHAMBERS OF
CONGRESS IN 2020, TELL ME ABOUT
THAT WEALTH TAX AND WHETHER OR
NOT THAT'S ACTUALLY END UP
HURTING HER.
>> WELL, I DON'T KNOW IN THE
DEMOCRATIC PRIMARY THE WEALTH
TAX WILL HURT OR NOT, OBVIOUSLY
THE NUMBER ONE JAB HERE AGAINST
BLOOMBERG, A BILLIONAIRE, WE
DON'T NEED ANOTHER BILLIONAIRE
CLASS AND YOU'LL SEE EMERGENCE
OF MORE CLASS WARFARE HERE, YOU
HAVE A LEFT OF THE PARTY
BRINGING BACK CLASS WARFARE AND
BLOOMBERG WILL BE TARGETED AND
THEY'LL BUT A DEBATE ABOUT IT.
I DON'T THINK THERE'S A NATIONAL
SENTIMENT FOR WEALTH TAX IN
PARTICULAR, MOST PEOPLE WANT
STRONG ECONOMY, JOBS, RISING
WAGES AND THEY WANT ANYONE WHO
CAN DELIVER THAT.
MARIA: THAT'S WHAT WE'VE GOT,
RIGHT?
WE HAVE UNEMPLOYMENT AT 50-YEAR
LOW, WE HAVE A CONSUMER THAT
CONTINUES SHOWING REAL STRENGTH,
ECONOMY THAT IS GROWING, WHAT
WOULD BLOOMBERG'S POLICY BE,
GIVEN THE FACT THAT WHAT AMERICA
WANTS PRESIDENT TRUMP HAS
DELIVERED?
>> WELL, I THINK THAT ACTUALLY
IF IF YOU'RE BLOOMBERG, LOOK, I
CAN DELIVER THE KIND OF ECONOMIC
STRENGTH THAT WE NEED, TOUGHNESS
IN FOREIGN POLICY THAT WE NEED
AND YET I WON'T CREATE ALL OF
THE UPHEAVAL AND DIVISION IN
SOCIETY, I WILL BRING SOCIETY
TOGETHER AND I'LL BE MORE
PROGRESSIVE ON ISSUES LIKE
CLIMATE CHANGE, GUN SAFETY AND
ON IMMIGRATION AND THAT'S A

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