Hi everyone, this is Dr. Nitin Chhoda with
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this video.
The White House chief of staff Mark
Meadows had a very important interview
this morning with CNBC and he said
something towards the end of the
interview that was
very very significant. In fact i'm
surprised that other news outlets haven't picked
up on it yet and I predict that in the
next day or two this is
all that people will be talking about.
But first let's get into exactly what
White House chief of staff Mark Meadows
said in this short interview which was a
very very important interview. Again
what he said towards the end is very
important and i'll get to that. So let's
get into the first segment of his
interview and again it was a very short
interview.
He was specifically asked about how
negotiations are going
between the democrats and between the
White House and clearly
as you probably know White House chief
of staff Mark Meadows had a 25-minute
call with speaker Pelosi.
Unfortunately, that didn't go anywhere.
This call happened
in the last few days and both sides have
been essentially blaming each other
since. So here's what
White House chief of staff Mark
Meadows was asked. He was asked
where do you folks stand? What about
coming up with the number
and working backwards from that number?
Is that a workable approach for you?
Coming up with the price tag and working
backwards from the price tag.
And what White House chief of staff Mark
Meadow said and i'll let you watch him
and listen to him but what he basically
said was that
they disagreed with the idea of
coming up with the number
and working backwards from the number. In
fact, what he specifically said is that
working backwards from a predetermined number,
from a predetermined price tag is, I
quote, "not a workable approach" because
you cannot actually
arrive at any kind of number that way. He
said that generally what you do is you
say hey this is
the amount of money we want to allocate
to a certain program
and then you build it from the ground up.
And he said that that's what we've been
trying to do based on
facts, based on costs associated with the
program and he said
in his words that's been the frustration.
He said that we've had discussions with
democrats on Capitol Hill.
By the way I find this very interesting
and again this is something that
I don't see a lot of people talking
about. It's very clear that what the
administration is trying to do
is to get enough democrats on their side
specifically to get
a majority with democrats in the senate.
Now if you don't know the breakdown
between a number of republicans and
number of democrats in the senate. Right
now we have 53 republicans in the senate
as of right now
and we have 45 democrats and 2
independents who generally
tend to side with the democrats. So right
now again we have 53 republicans and 45
democrats but
if the republicans can get some
democrats on their side and get to that
60 vote majority
in the senate then there is a likelihood
that the senate could actually pass a bill
you know independently. So and by the way
if you want me to do a separate video
on whether the republicans can pass a
bill in the senate without
the house then let me know in the
comments section below that's going to
be a separate topic and i can get into
that but basically
what white house chief of staff mark
meadows said is that we've been in
discussions with democrats we've also
been talking to republican senators and
he said that we've been making real
progress he did say that we've been
making real progress he said
when we look at the things that we
actually agree on and the amount of
money allocated to those areas
this was big he said probably the
biggest stumbling block that remains is
the amount of money
that would go to state and local so
clearly that's the big
area of differentiation that's the big
area of contention if you will between
the democrats and between the
administration
and that's why we haven't seen a
stimulus deal a stimulus negotiation
agreement so far and he said the
speaker's still at 915 billion
which is not a number that is based on
reality again these are the words of
chief of
white house chief of staff mark meadows
and certainly not a number that
represents a lost revenue
for state and local governments now i
will present speaker pelosi side as well
because i think it's important for us to
hear both sides
for me it's not about the red or the
blue it's about the red white and blue
i'm not democrat i'm not republican i'm
american
so i will present both sides and i will
let you decide for yourself
whenever i do these videos you know
people are like oh my god you're on one
side
it doesn't matter to me to be on one
side what matters is that my viewers and
my subscribers have the facts from both
sides and i will present
uh speaker pelosi's argument as well in
fact i've i've done
i've done a decent job presenting
speaker pelosi's arguments whenever
speaker pelosi has spoken out and we've
covered that and we will cover that on
our channel today as well so make sure
you listen to both sides
and then come to your own conclusion so
let's go ahead
and see what uh what white house chief
of staff mark meadows said and again he
said that is not a number the 915
billion dollars from speaker pelosi
that represents the lost revenues for
state and local governments let's watch
the white house chief of staff mark
meadows and listen to what he had to say
today
on cnbc when i spoke to the pelosi camp
yesterday they said the way that they
see this negotiation
negotiation going is having the two
sides agree on a price tag
and then backfilling it from there is
that a workable approach to you
well it's not a workable approach
because that's not the way that you
actually arrive at any kind of a number
generally what you do is you say you
have a certain amount
allocated for this program another
amount for
a another program and as you do that you
build it from the ground up
that's what we've been trying to do base
it on facts base it on
on actually uh the cost associated with
each program
i think that's been the frustration i
will say this
uh as we've uh had discussions with
democrats on capitol hill
as we've continued our discussions with
republican senators
uh we're making real progress and i will
say that
as we look at uh the number of things
that we actually agree to
in the in the amounts of money allocated
to those areas
uh probably the biggest stumbling block
that remains
is the amount of money that would go to
state and local uh help
uh the speaker is still at 915 billion
dollars
which is just not a number that's based
on reality and certainly not a number
that represents the lost revenues for
state and local governments now let's
get to the second segment of the
interview which i thought was extremely
revealing
specifically what white house chief of
staff mark pyro said towards the end of
the interview it's very important
that you pay attention to this and you
listen to this very closely he was asked
what is a number that that the president
and the senate republicans can support
and although he didn't provide a
specific total price
tag because he did talk about the 1.3
trillion dollars earlier although he
didn't answer the question with the
total price tag
here's what white house chief of staff
mark meadow said he said we actually
have talked about
greater flexibility from 150 billion
dollars that were allocated
to the states in the previous cares act
in addition to another 150 billion
dollars he's talking about an additional
150 billion dollars bringing the total
to 300 billion dollars for the states
notice he's talking about aid for state
and local governments because this right
now
is a gridlock if they can come to a
consensus about state and local
governments
it seems like we will have a stimulus
bill based on
what white house chief of staff mark
meadows is saying based on my opinion
about his his words so what's happening
is he said
uh we need to replace 300 billion
dollars in terms of
funds for state and local which should
represent the actual loss that we see he
said if you take the gdp reduction
that we've experienced over the last
quarter and based on current projections
that should indicate to about 275
billion dollars
in revenue now these statistics
the white house is probably getting
these statistics from the internal
economists and this is coming from the
white house
chief of staff mark meadows now he said
i'm willing to look at the fact that
secretary mnuchin
uh secretary mnuchin also has been very
clear about looking at facts and he said
right now
it doesn't need to be a bailout as much
as it needs to be additional help
and stability that needs to be provided
to local governments that have lost
revenue during this during this you know
historic time
he said that we're making real progress
with some of the democrats on capitol
hill this is a very very crucial
statement everybody
it seems that what the administration is
doing is trying to get democrats
in the senate on their side so they can
achieve a majority in the senate in fact
he pretty much said so white house chief
of staff mark meadows said so this is
not a conspiracy
this is not some sort of game happening
in the shadows this is
the this is the administration trying to
get democrats on their side
so they can pass some sort of a bill
without legislation
from the house now again can the senate
pass legislation
without the house if you want me to do a
separate video
talking about whether the senate can
pass a bill without support from the
house let me know in the comments
section below
and i'll be happy to do that for you but
here's what white house chief of staff
mark meadows said he said that
we're making real progress with some
democrats on capitol hill there have
been some very thoughtful
recommendations and we've actually been
able to have really good discussions
behind closed doors
and he said the senate republicans will
be returning so we will see the senate
republicans
back in session very soon in fact he
said they've been
working around the clock each and every
day and by the way this is the important
part this is the part that
is extremely crucial and is very very
significant he said
um i expect them to pass a bill or at
least put forth a bill in hopes of
getting to that 60 vote threshold
sometime next week once again right now
in the senate
we have 53 republicans we have 45
democrats and we have two
independents so it's clear that the
senate wants to pass something now
whether this is a symbolic gesture
whether it actually becomes law whether
the president signs it
without the support of the house those
are those are additional things that i
can cover on my channel if you want me
to
but again this is what's going on right
now these are the actual words from
white house chief of staff mark meadows
in fact let's watch mark meadows
and you can listen for yourself let's
roll the tape the number
on that specific line item that you
think the president would get on board
with
that could also secure the republican
votes in the senate to pass
is there a number that you're discussing
discussing behind closed doors
well we actually have talked about
giving great flexibility for the 150
billion that was allocated in the
previous cares act uh in addition to
another 150 billion
that would go there which would uh
overall give
300 billion uh in terms of flexibility
and additional funds
to state and local which should
represent the actual uh
loss that we see if you take the gdp
reduction that we've experienced over
the last quarter and
and based on project projections now uh
that should indicate about a 275 billion
dollar
uh loss in revenues that's what we're
trying to address
uh and and i'm willing to look at the
fact secretary mnuchin has been very
clear
uh that he's willing to look at the
facts and
and right now uh it doesn't need to be a
bailout
as much as it is uh just an additional
help to
to provide some stability to those uh
local governments that have
have lost revenue during this
unprecedented time
that being said uh you know we're making
real progress with some of the democrats
on capitol hill
they've had some very thoughtful uh
recommendations uh
that we've we've actually been able to
have uh real discussions behind closed
door
and uh i think as as leader mcconnell
and uh
senator brasso have have mentioned uh
the senate republicans will be returning
they've been working around the clock
each and every day we have a call
to talk about where we can find
consensus there i
expect them to pass a bill or at least
put forth a bill
in hopes of of getting to that 60-vote
threshold
sometime next week that's it everybody
thank you so much for watching i hope
you learned something new from this
video from this brand new interview
with the lead white house negotiator
mark meadows and the other white house
negotiators u.s treasury secretary
steven mnuchin in fact steven mnuchin
did do an interview
on fox business and i'll be covering
that as well and that was a brand new
interview as well
thank you so much for watching my name
is dr nitin soda with ignition time if
you don't know anything about me
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i'll see you in the next episode of
ignition time please don't forget to
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very important it looks like the senate
is going to be in session next week to
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it seems like the wheels are turning
everything is in motion right now for
the senate
to get a majority by bypassing the house
this would create
a kind of political gridlock a kind of
political showdown if you will that
we've never seen before
and it's going to be very interesting in
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