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Joining us to talk about it -- -- columnist foxnews.com.
In the fiscal times never called joins us president of -- and financial group that received vote.
It is a little bit like we had isn't it it's a little bit both sides are guilty of being childish.
I think the American people is on I mean the polling is pretty clear that the Americans don't want this to happen they don't want a government shutdown.
But they also don't like obamacare they just don't like the tactics and I think.
Plus the country just wants to get on this business now.
-- -- I didn't tell you are saying well it's only obamacare you know obamacare is pretty darn big the last time I checked it and it's going to be a big expense for this.
For this government for a taxpayers -- coming in.
I think which is every time that they try to set something up so.
Just because it is just obamacare that's a big deal I think the American people.
Everything here a little more we look realizing that -- -- it reveals I think GOP may get some more people in the sizes goes along yet.
I always heard of polling data to get a sense of how Americans really feel there was an interesting -- people.
You wanted to fund it obamacare that means shutting down the government.
Said no -- scant 19%.
Say yes which invites the question list.
A Republican sort of on the wrong side when they're attaching defund the -- whole -- here the governor.
Which have -- fly it I think they're on the wrong side in terms of sentiment but more particularly because it isn't gonna happen I mean.
So I think it it's the seriousness.
Of this effort.
Is belied by the fact that they don't really have a strategy that the Ted -- group has not really.
Kind of seen their way through to any sort of reasonable solution however rolling this back -- moment I actually think.
That this is absolutely playing into president Obama's hands I think he wanted to shut down of the government oh yeah he's been talking about it for months I think -- goaded the Republicans and in the hills gain politically.
Absolutely and he will -- -- he could not be in worse shape right now that the Republicans have been gaining.
On every matrix you can possibly look at them look better on the economy.
Even on health care.
The American people give the Republican Party an edge right now vs the Democrats Obama had to do something and I think they.
Don't forget there -- five people and his administration.
Who -- there in 199596.
They saw that it helped Bill Clinton to go through this -- are planning an -- -- Drama and I think that's exactly what they're doing now.
Get a president's approval rating on the latest New York Times poll has him under water 43 to 49%.
49 disapprove it.
It's even worse when you ask people about the president's handling of health care is under water by about fifteen points.
These same New York Times poll ask who's more to blame the government shuts down this was taken just before the government shut down.
Republicans -- the loser on this 44%.
President and Dan's 36%.
At that history tells us that there.
Obviously the GOP -- Going into there's there's this is not a big surprise anybody because -- -- congress didn't take the blame obviously and Republicans in charge of congress at this point.
Especially elections coming up next year so it's a huge gamble I think Republicans think what they're looking longer term that is sticking to their guns and longer term that people really do not want obamacare and how bad of my obamacare will turn out to be you know lose.
A pyrrhic victories often.
And myopic thing it's a near term wind -- -- long term disaster in the near term.
Here for reply to -- In the long run you wonder about old boss in the mid -- life.
Well that is a serious risk mean it doesn't take that I think it was six seats or something like that and they could be vulnerable.
I I mean I think that they have to kind of step up now and have a little bit more serious approach I mean.
I am one of the Americans who think that these are serious matters and then -- and that the governing week to week remember that this continuing resolution is for six weeks this isn't like.
Figuring out the next two or three years down the road yeah I mean it I really.
Congress' poll you know -- -- -- really terrible.
The Americans really care -- Americans woke up this morning thinking things are very different I mean I will go look -- -- -- -- in my life hasn't changed in the eyes today I think a lot of Americans.
Artifact that as much as well they sit outside and and look at the stock market 175 points of damage I think I've been reading -- the last three days that this is actually fantastic for us stock market and you know tapering I had more mining accident in the last six months -- I -- everything weakness there Chris put up the Dow right now I think was up about seventy points that we can take a look at this now but it's interesting what you're writing about that now explain why you think this is good for the street.
It's good for history because.
Obviously people making those decisions so the headline that the US government shuts down every website every newspaper freaks people -- -- -- yesterday.
To -- everything right now.
It was comical when that happens we should be buying.
But there isn't doing that as we're investing for the long term but this is a very short term event we're gonna get -- as we've seen this happen what seventeen times our history we've had a government shut out.
And marketing go to zero so use this as -- -- retain a -- -- Italian -- to -- for a -- that if -- the prone on the street.
The last time here was -- failure or raised that the debt ceiling for worker at a time.
And we and their credit rating United States was downgraded the -- I think lost about 600 points but over the course of the next several months they really didn't exactly -- the situation where it came at the last minute and -- I think sold off almost.
10% as a matter fact from hype to -- low -- that -- and that matter of time and then from there within a month and a half your back at all time highs -- the markets that are against short term reaction uses is an opportunity in my mind.
And I think that there's a fundamental thing here too which is that.
If if in fact we have some dating to the economy from the shutdown which did happen last time -- growth went from about three and a half to under 3%.
The Fed is -- it means even less likely the Fed stepping in to start tapering.
And really that has been driving the market for two or three years now it isn't gonna stop.
I'm glad he according to the reports would -- for every week the government shut down she's up she's off point 15% of the GDP so it's not huge Jimmy.
Great energy he's got that high so it can have -- effect but.
You know think about this is apple gonna change way to -- business will people stop buying.
The new iPhone because it -- probably -- the -- -- ignited much affected by a guy GDP on an annualized basis I think it's wrong.
We 2.5 percent right now want to put a couple of graphics the first -- is up shut down here's what's open.
So look at this when you when you think about the things that affect you and it would be if you're traveler no worries here traffic controllers TSA all of -- operating.
Passport visa applications still go -- strong.
And the entitlements all of them Social Security Medicare and Medicaid payments all of -- continue unemployment benefits food stamps which go on.
Ad infinitum and you don't even have to work -- any great -- Sonoma County bond bonds you get to continue doing that you don't.
Have to actually work for a living courtesy of the government -- all of us actually paying taxes.
Here's what's closed or suspended and yet now.
I want to ask you guys about this went into second let me read through an estimated 800000 federal workers referral -- who are those workers they are.
All right so my question Palin -- -- They -- nonessential work.
I think we only -- essential workers national parks and monuments are closed down sorry about that but if you're back in schools how many people are really.
Doing that FDA routine safety inspections except for me.
Here's a test for you to smell the meat before you eat -- up bureau of labor mistakes as I often refer to them we can do without them.
You know they revives all their stats constantly so that means they get it wrong for this time around.
So what about it -- -- these things -- is that.
You know nonessential employees.
-- and I don't I don't residential and I -- the visa and passport thing was dead which actually could affect people's you know race.
That the parks obviously that is actually a problem we have visitors from overseas coming here is that look this isn't good -- 800000 people who were not going to be.
Getting a paycheck and that's and that's a -- I mean I look they've got to get through this hopefully as soon as possible the discouraging thing is of course hit the debt ceiling argument coming up right on its heels.
But what what really provokes me most of all probably -- I just feel like that Republicans have been suckered here big time.
It you know they were sort of on a roll and now all the spotlights on them instead of the rollout of obamacare which by the way is not going well.
Big surprise there are glitches and you know so I'd rather see reporting.
Yeah by you and others on that as opposed to this.
So what -- hander had a great column and Wall Street Journal that said.
Republican strategies backwards.
Allow Obama -- -- -- exactly or people are affected by obamacare the more they heated.
And it will only extend the benefit of Republicans he says let it collapse on itself.
He's an argument that.
I was great argument in England -- a lot of small business owners like myself a lot of ever getting hit pretty hard and even the employees of course corporations because no other hours getting cut.
You -- sitting -- should dad get shut them.
Didn't think -- -- they're going to 40000 things but if it doesn't affect you in your wallet a lot of times you don't care but if your hours get cut from 4825.
Because of obamacare you suddenly care quite a bit so yes.
Let this will -- its face and and it's the problem is.
They're very short sighted here when it comes the GOP they're looking in very short term sort of long terms look longer term I think you sit back and be patient -- -- not doing that.
And -- and by the way is not just people getting their hours cut everyone -- have a higher deductibles all of a sudden they're -- much more money for health care.
Was this supposed to be the opposite I have recently say he's gonna need it cost -- -- exactly I didn't -- 845.
Hundred dollar average did reduction half.
And their health care costs instead it's more double that and the increased general and we're going to be talking about a way to a couple of doctors coming up about obamacare.
There -- the pros on this sort of thing so we'll get their take one supports it the other.
I think it's a bad idea so not call list secret -- -- thank you so my thanks for having.
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