Me What are you going to take away from these elections. How important is Virginia going to be.
Well yeah I mean it is that it's going to be the first indication of enthusiasm for Democrats it will be the first real
election without President Trump on the ballot as well. And as David said and this this has become a very close election and a
state that president won by 10 points and no Republican has won statewide race for almost 12 years. So it is it's clearly going
to be an negative indicator if it young get wins for sure. But even if McAuliffe just pulls us out very closely I think
Democrats will will take this as a read that day in Capitol Hill at least that they have to pass their agenda immediately because
time will be. Time will be limited. But we should caveat here that we have a year before the actual midterm elections and a
lot can change based on the economy. Covid what have you. So it would definitely a data point. And again it could be foreboding
that should young can win. I'm wondering if we're going to see something similar to what happened the Republican Party and
Trump at the end right before the last presidential election where he had still had a following but the Republican Party in
different states did didn't as much. And there was a divergence there. Is it possible that even though Biden's polling poorly
that you have the governors and the mayors and the Democratic Party polling better or are they too linked. Well yeah I think
that's the that's the big question mark. Alex I mean clearly the polling in Virginia would indicate that they are were linked and
she. Sure. Certainly Terry McAuliffe would like. But he take terrorists and run as more of a centrist Democrat. Clearly Biden
has been you're trying to ingratiate some of the more progressive wing of of the party. So that may benefit McAuliffe
in the end if he gets it's just too early to know what we'll know after tomorrow tomorrow night. But again you know we have
to just put this in context. You know Covid not to read too much into an election you know an off cycle election that's a year
away from the midterms. Libby let's talk about building back better. Are we going to
make progress this week. Yes we're now into the seven months of the build back better
framework agenda the ghost dating back and forth. We believe that we will make progress this this week we could actually see
a vote on both the bipartisan infrastructure framework that of course already passed to the Senate and in August and we could
see a vote in the House on the build back better agenda. Now unlike the best bipartisan framework which will go right to the
president for his signature the build back better agenda then has to go to the Senate to get passed. And honestly just knowing
the Senate will likely be amended in the Senate meaning that we'll have to go back to the House. So our view him go here. And
what we're telling our clients is that we have to really wait probably until the end of the year to see both of these bills be
signed into law. But you know guys just just you know just to be clear we do believe they will both be signed into law. You know
we've to stop saying this for a while. Failure is just not an option for Democrats here.
Yeah just as we keep saying wait time is ticking. We are waiting for President Biden to speak over a cop. Twenty six. And I can't
help but notice he's there. He's pushing a climate agenda that has been reduced and yet not yet passed in the US and putting
pressure on Saudi Arabia to boost their own oil production. What kind of credibility do you think he has right now in the
international community to get something like this done. Clearly for. For Democrats and for the president in particular he was
hoping that he would be able to be in Scotland with the build back better agenda passed. Of course climate is a big focus of
that. And we should say that even though Senator Manchin has opposed some parts of those climate provisions the kind of
provisions in the framework that was released last week by the White House and will likely be very similar to what is actually
signed into law does have a very big climate component to it. Almost five hundred and fifty billion dollars of spending and
tax breaks for renewables and for other kind of climate friendly provisions. So just to be clear climate is a big part of this
build back better agenda even though it has been scaled back as you said Alex. But to your point how credible is he. Well look I
mean I think he'll make the argument that Global news not is not easy. It is absolutely messy. And that's sort of what we're
we're seeing here in the United States. But clearly he would have preferred to have gone to to Scotland with this in the
rearview mirror and more of a mobile platform on an international stage. If he makes
progress with Bill back better if there is signs of progress in Washington if he delivers in Glasgow if there is a kind of
positive message a halo effect that comes from this are these the lows for the president in terms of his opinion poll ratings
do you think. Yes. And I think this is so sort of multifaceted. You clearly
you know competence is is going to be I think a big input into these approval ratings. And I do think that the calm view of his
competence and the White House's competence might be at a low here. So if they can win they can in our view pass these these
these two of these bills we could see an upswing. But of course life will depend on the economy. A lot will depend on Covid.
Will we see another sort of variant another outbreak of Covid in the winter. So a lot of this again is very
multifaceted but certainly passing these two bills will help the president. So I think you could arguably say that this could be
sort of his lowest sort of a fall slump if you will.