'The Swamp' is Washington's Government Spending, Rep. Brat Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 25 October 2017
⏱️ 42 minutes
🧾️ Download transcript
Summary
Representative Dave Brat, a Republican from Virginia, says more Americans should raise a ruckus about government spending. Greg Valliere, Horizon Investments' chief global strategist, says Trump's base will continue to hang in there and as long as they do, he's inoculated. Michael Purves, Weeden & Co.'s head of equity and derivatives strategy, says you can expect the VIX to reprice if volatility continues to stay low. Finally, Wells Fargo Securities' Mike Mayo and Mike Schumacher discuss the state of banking on Wall Street and the future of the Federal Reserve.
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| 0:00.0 | The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. |
| 0:05.7 | However, we can create spaces where people can freely kick the tires of their preconceived notions. |
| 0:11.2 | I'm Tim O'Brien, and I'm the senior executive editor at |
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| 0:18.1 | problems with the facts in mind. Because context changes how you see things and |
| 0:22.4 | how you change things. |
| 0:23.6 | Context changes everything. |
| 0:25.6 | Start exploring our opinion coverage and more at Bloomberg.com. |
| 0:28.8 | subscribe. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura. |
| 0:44.8 | Daily, we bring you insight from the best of economics. |
| 0:47.9 | Finance, investment, and international relations. |
| 0:50.9 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. |
| 0:58.0 | One of the things David Gurr and I like to do is paint the picture of our geography and as the movie of years ago the Russians are coming the Russians are coming |
| 1:11.5 | David if you're in Richmond, which is like 112% Republican, |
| 1:17.2 | they're coming. |
| 1:18.8 | Because they're commuting from Richmond into Washington, |
| 1:22.4 | and this is East and north of Richmond |
| 1:24.2 | Henrico County. They're coming and they're changing the demographics of any |
| 1:30.5 | given district including the seventh district of Virginia. |
| 1:33.8 | And the representative of that district is one Dave Brat, Congressman Dave Brat, |
| 1:37.1 | who's also member of the House Budget Committee, an important committee as we look ahead to |
| 1:40.2 | the prospects for tax reform. |
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