Also in this playlist...
This transcript is automatically generated
To indeed -- let's bring in the up panel to talk about this would mean the studio here.
Bob writes managing partner at tangent capital good to see you -- thank you.
He is the Warren Buffett by the way who's health issues -- told that -- is the oracle of Omaha.
Bob rice is the oracle -- the rest of the world and up from DC former senior advisor.
To -- -- -- Harry Reid Patti Lee great to see pending.
It began -- this is not a bad politics the Secret Service -- in particular but it is I very worrying.
Cultural thing if indeed is that representative Susan Collins was -- this probably goes on a -- more than we know about.
Well and of course she's gonna go is is Republican I'm sure she's gonna try to try to figure out whether -- not this -- cultural not but we don't know the facts we don't know everything that is out there.
And this is eight employees that were off time this was not they were doing on duty.
And I think we need to wait -- the -- with the facts actually lead just you and happy in what they're doing is correct having independent investigator looking into this mess.
Look to see what actually occurred.
And then to make that judgment that this rush to judgment is is something that all of us that you tend to prevail in two -- very many times it on the congressional side.
They tend to lead to the conclusion before they happen.
-- penny a -- just went BIG has to say I used suggesting that if they would doing it on time off another woods -- -- -- -- -- -- -- -- And between 8 PM ten him it's OK to go higher bunch of Brothers gives them no no no.
Don't give -- their behavior is actually a horrible it is absolutely not it is undignified it is something that they should not being gauging it is there is no -- exit explanation or there is no excuse for.
They've been put on administrative leave which is exactly what they need to be doing.
Visit I am not condone any in any way actually anyway with the actions whether or not they would have been on duty or off again be absolutely not.
Put -- -- is let's let this investigation.
-- lead as to what the conclusions in the right facts should be off.
Oh I think we should just jump right in and condemn them immediately hit the because -- well -- is pretty clear that happened yeah so listen if it isn't clear -- -- the reason.
That you just heard that the number one rule is don't let in the prostitutes is simple it's not because.
They've left the dossier lying around the room in someone's gonna see something it's blackmail been the problem is the whole thing gets film.
And then a year from now at exactly some critical moment when you need somebody to tell you some little secret detail about the the president's schedule.
A call gets made and says you know I've got a little video that -- -- might be interested in -- and laughs.
That's the problem so it doesn't matter when they did it it doesn't matter under any circumstances they should all be fired period and -- it in there is a huge security risk in this kind of behavior -- -- precisely.
Because of -- ball just explaining the threat.
-- -- -- It actually I and I would agree that it did their behavior has been condemned.
They have been put on administrative leave they are not active right now they are not engaging in any more speed behavior they're not engage in any more efforts.
On back to protecting -- president they weren't part of the project presidential production -- so the president was not address.
But these are some guys that went out there had a little too much fun down there and absolutely their behavior is uncalled for and should be punished.
All right some of our view is weighing is saying this sickened by the behavior of both the -- Secret Service agents.
And and indeed the GSA.
A lot of comments reflecting that.
What so let's get to the GSA -- how significant is it is this they wasted.
A lot of money in an agency which is supposed to.
-- -- but improve the efficiency of government and so many ways again what do what do you do to spiral people involved straightaway yeah.
I think you you know that this is Warner you know real management comes into play in both cases.
I mean honestly it's following to say we -- get people that we got to understand we didn't investigate we have to do these things.
But it's a little bit like the trade on case -- some that you have.
Have to take definitive action immediately to show people that you're in charge and you protecting their best interest and I that's what I would suggest doing in this case I mean did this is.
In this agency it's truly unforgivable if you were just saying the irony of having it occur in this particular agency.
Is is just it's so disheartening and we've had so much.
Loss of trust in government.
By by the ordinary citizens this is -- kind of thing it's designed to cause a loss of trust in and you have to react very aggressively as a manager.
To try to cut didn't limit the damage and it ended penny the -- -- is it's like as -- -- of the topics.
Not politics it's not a bad -- a Democrat or Republican it's about people.
In the service all of the people by working for the government whether it's Secret Service officers or whether it's GSA employees.
They have to be held to a high standard do they know.
The highest standard.
You know they are being entrusted with -- Taxpayers' funds to be able to deliver an effective and efficient product and they blew it they actually -- you wasted.
Hundreds of thousands of dollars and they do need to be held accountable for it and they do need to have the sanctions put on our -- is -- that -- should be apt punishment.
Put -- -- you know whether that's firing whether -- that's removal what whatever the case might be.
It'd be in this investigation and I know everybody wanted to again jump to conclusion but need to find out this systemic root of this.
Well how pervasive it is where did -- start how did this culture crew can be created.
And then put the act of punishment to place they have again to put people on administrative leave not -- so they can be violating anymore.
Any more of these rules -- -- get into these rules that are in place.
But is something has to be done to get to the root of this to figure out what happening and why they felt that they were entitled.
To do these kind of parties any celebrations in these.
Full awards and all of the kind of things that they did why they felt they were actually entitled to be able to do that on the taxpayer's dollar.
-- we lost our our view is to weigh -- here on what the GSA means of them.
In a single word quit spending said for old -- baker has -- a joke Joyce he says waste ultra right doses as waste.
Lorie says circus Charles -- says corruption.
-- -- Villa says irresponsibility.
-- he goes back to fraud -- -- goes to bureaucrats.
-- this says it shameful.
It all adds has evolved to this sort of general malaise we have in the country and at and a cynicism about those in public service yup it it really.
Does he you know if you look at both of these scandals it's the same thing right I mean the one thing that -- that the Secret Service guys shouldn't be doing that's what they get from the one thing the GSA people shouldn't be doing that's what they did it wasn't them.
Kind of a you know un related scandal of this is Italy this at the heart of the mission of the organization of which they are part.
And that's just debilitating to hear from them but I say again.
I think this is where we need you know this is kind of what's -- one of the things wrong with government is that it's so hard to get direct accountability for that action.
Because they're going to be all of these rules and procedures and things that have to be followed before you knew that thing before it and it'll just you know we can -- and in the frustration attention.
Where is in a normal corporation.
The CEO would come out and make a big stink and fire everybody remotely responsible for the thing to point out that we're not gonna take this anymore and it's very difficult to do that -- the kind of -- -- that we have a right okay well let's get on to politics at -- we got a new poll -- I just wanna put it up I think it was a CBS New York Times poll.
Conducted April 13 to seventeen on the head to head.
Between Mitt Romney and President Obama -- if we can pop that up there it is a dead heat 46%.
For both if the general election would -- be held right now now with a caveat that these things at this time.
-- -- are not going to hold I think we went back to.
President Clinton running against the first President Bush it was a 45 to 26 in favor of the president President Bush at this point of the saying the look buff.
But you surprised that Mitt Romney is level with the president given the rough Fridays have in the primaries.
We -- we've always known this is going to be a very tight race beat beat the number of independence is shrinking shrinking and what we have seen in this poll is that the division is greater.
You have more Republicans that are.
Partisan and more Democrats are partisan and they actually right now have defined who they are gonna be voting for violence by 90%.
-- you're starting to see a real divide amongst the bases and so this fight for the middle is the is shrinking more and more and so I'm not surprised to see.
That the race has -- -- like it is me if you talk to the folks the Obama campaign they will say.
Look it's a three point race no matter at the end of the day it's going to be a three point race we're just hoping to be on the right side of those three point.
So they know it's going to be tough and they know it's gonna be tight and so they.
They are doing everything that they -- to ensure that they get their message out in in those key states.
And that's going to be the difference -- it's fun to do the national polls but really it's gonna come down to about ten or twelve states and how -- faring in those is really going to be hood is the polls to watch.
He had -- -- righty comes up battleground states more emboldened looking at the national numbers ball.
But also some of the breakdown of the groups of President Obama leading very strongly among women it seems.
Mitt Romney -- slight edge among the independents.
And we got the Latino vote to look at -- It's all -- -- strategy and targeting certain states certain sections of the population is a guy came when you get personal I don't believe that these numbers are accurate I think that you know I -- and I've I've had -- do finance for a living and you never take one data point and say all there even.
They're not even because if you look at the broad range of polls here.
And you take an average you know Obama is up 34 points I mean added you know should penny said that's what's gonna end up right that's where it is right now in my opinion and so.
-- get to that average some bulls are gonna show there even some poles are gonna show Obama has a nine point lead that when your average them all out.
It's a -- point four point lead for the president.
The problem for Mitt Romney's in the internals here hey he's got two problems one is definitely the electoral map we talk about that a million times.
I have been saying -- from the beginning he's got an incredibly tough road to -- From an -- -- -- map point of view but he's got much more serious problems even before you get to that when you look at the internals of these numbers.
He's his standing among women.
Is is you know -- Disaster he didn't turn it around and his standing among Hispanics is disastrous V doesn't turn it around.
That he can't win the election unless he does dramatically better with those groups and I think that there's 11 difference -- -- -- going into this general election.
That wasn't true you know that people may over I think over estimate Romney's ability to catch up.
Because his ability to catch up in all of them races he's run so far it's been based on one thing.
You know carpet bombing negative advertisement.
And we're all expecting that to happen again but.
Obama has been subject to four years of carpet bombing bad -- as soon as an equally well armed.
Arsenal would I can't find -- But I think my point is I think that the ability to diminish Obama -- negative ads -- is not as great as it was -- -- need to have diminished Santorum or Gingrich because -- been subject -- bad press and angry pressed for four years and Obama -- -- has -- everybody knows that -- not going to be any secrets that are gonna come out of these -- so I think I think there -- -- records for -- -- penny -- -- this is going to be a really ugly campaign.
It's gonna be -- brutal.
It's going to be massive -- and there's going to be more money flowing in thick carpet bombing is gonna occurred whether or not it's effective or not is going to be nasty ugly.
And we're -- is such a wired.
Atmosphere right now you know with the social media and the advances in technology and how fast you can disseminate information and as soon as you put out you know one -- that not Twitter war happening and it's it's absolutely amazing so.
The -- is the -- is the coarseness of the language that is occurred.
-- the last several years or even decades.
Is really gonna add to that as well and what people will be feeling they can say because they're anonymous on councils and media and other things along with that.
Traditional television ads is going to be.
Unfortunately it's going to be nasty and it's gonna be about who can survive instead of who's gonna be inspired.
-- you wanted to -- well I I would like to say one other thing about that what how this plays out here because.
Women generally speaking you know this the stats will show you that they react much less well to negative ads and back.
They often blame the person running it and the negative ads and isn't it diminishes further the support so there's a very delicate situation.
For Romney in that regard -- -- -- he goes to negative he's gonna go back even further in some of the key constituencies he needs to gain -- And does that indicate to some extent it's also true that in the Hispanic vote isn't going to be swayed by all of this because they're much more issues driven.
And they're very tuned in to these immigration issues except for except for almost Republicans have been super hard right and you're not gonna convince them to vote for you.
Because you run a negative ad against President Obama in that situation.
That -- G Mac one of our view is right -- -- -- we toyed with the -- the enthusiasm gap for in women.
From Mitt Romney we should talk about men and I guess if he's if he's even -- nationally penny.
But he's a long way behind in women's votes that he must be doing much better than President Obama in winning the votes of men would that be logical.
I -- is -- -- plays out to be that way -- there is a gender gap in America and traditionally.
White males and two especially those on non college educated tend to go to the Republicans and -- ahead of the women access to college educated tend to go to.
To the Democrats -- so we do have a gender gap and right now I would say that women are voting at a higher level.
In the last election they were 54% of the electorate so to Bob's point the women vote is key.
Along with the growing Hispanic vote they are turning out in greater number.
You had George W.
Bush being able to carry a Hispanic vote by about 40%.
You guys John McCain was down to route 32 in right now Mitt Romney's polling at -- -- this is trouble for him.
Along with the you know the continuing gap in the women's vote so.
He's got a lot of hurdles to go over but.
We are starting to see you know -- consolidation of both the base but that independent is going to be key.
Involved just moving to another subject -- went to let Penni go.
You told me.
At the start of the show before the show started that you know who.
Mitt Romney's vice president tribal running right is going to be so yeah he's really not -- reveal it to everybody whether it's a spoiler -- -- if you don't want to know.
I think we all.
I -- -- I can listen now.
It's got Jeb Bush -- -- now.
That they have there's Jeb Bush Jeb Bush and and the reason had -- tell -- the reason it's not say it it it quite seriously it's only question whether Jeb Bush will take it or not and the reason there are two reasons.
If and Romney does not win Florida he loses the election.
I mean I've look at this map a hundred times.
Any other -- it's it's almost literally impossible for him to win if he loses Florida.
So the first thing he has to do is do everything possible to win Florida.
The second thing is the bush name plays better with Hispanics is -- just saying -- anybody else out there right now.
So he kills two birds with one stone but the most important thing is he has to win Florida and isn't strategists are very well aware of and it rubio was -- Too untested and too much of Iraq penny -- I -- say we we have we have challenged -- before I I think there's a little bit of a dynasty fatigue there on and Jeb Bush and he's a great guy but I I was at a suspect that.
Mitt Romney's not going to be picking one of the bushes but it be curious to see I did find it very curious to -- picked to do Mitt Romney search and lo and behold it is a woman.
That is -- leading his in his search for vice president's it was going to be very curious to see you know everybody was likes to slice and dice and figure out you know.
Well he's my -- to my Yang you know good on form policies funny somebody going on domestic policy -- -- somebody from the -- -- recently from Florida.
At the end of the day this comes down to the presidential nomination it does not come down to the vice president.
All right penny -- former senior advisor to senator Harry Reid.
Love your getting your thoughts is always love your necklace today as well by the well thank you very -- -- I'm glad you survived the best super I mean just it was marginal.
That's -- much -- any great to see.
Filter by section