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Increasingly vocal. a long time advisor michael bloomberg confirming to nbc news the former new york mayor is positioning himself to enter the democratic party primary as first reported by "the new york times." bloomberg is expected to file paperwork this week for the primary in alabama which is the primary deadline. also with me john harwood, a host of the cnbc digital video series speakeasy with john harwood. when we conceived the segment we were going to talk about the billionaire versus and sanders and now we have just one, you know, coming forward basically to run on the agenda which is y...

Depression. >> exactly. and barack obama, remember, never said to the fed you have got to reduce interest rates. the reason that presidents don't do that is i don't wayou don't make the market worry that what the fed does is political. the minute the markets start worrying that the fed is politicized, the fed has less credibility. >> right. >> so you just don't want to do that. and, you know, the cries that you hear from republicans about socialism have been turned upside down. we do have socialism for the rich and for big corporations. we have very, very harsh capitalism for everybody else un...

Do that is you don't want to make the market worry that what the fed does is political. the minute the markets start worrying that the fed is politicized, the fed has less credibility. >> right. >> so you just don't want to do that. and, you know, the cries that you hear from republicans about socialism have been turned upside down. we do have socialism for the rich and for big corporations. we have very, very harsh capitalism for everybody else under the trump administration especially. >> all right. robert reich, thank you so much for your time. joining me now for more on the trump administr...

>> he she texted back, are you drunk? >> i know that's your schtick and what you do, but i am really hoping this year just like, you know, just keep it clean. i mean, just do you remember thing but don't be tawdry. you know what i mean? i got a lot of tweets from people saying you went too far. >> i didn't know it was the roaring is '20s. i'll try not to be tawdry at the speakeasy. you know with prohibition and all. first of all, we're on from 9:00 till 12:30. >> that concerns me, as well. >> by 12:00, you think i'm going to care anymore? >> that's what concerns me. >> well, we should pick lik...