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Wayne Rogers & Co. chairman Wayne Rogers on uncertainty's impact on business and the election.
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By let's get to this new research now from economists at Stanford university Chicago.
Just policy uncertainty in DC said its highest level in nearly thirty years under president -- -- in the congress.
And it's costing Americans over two million jobs Wayne Rogers think about -- chairman Wayne Rogers and company if you didn't hate.
DC.
You've certainly hit them now well -- I I think you said you have to independent studies are about to failing.
Recognize -- you know.
Academic and into the Stanford didn't and the universities -- -- and I think they're right.
You know it's funny obvious actually came up in the in the Jon Stewart interview the President Obama did last night but the idea that all -- we're gonna have an election and suddenly something's gonna change.
Well I don't know will -- because even if Romney wins in what's gonna change but the atmosphere in DC -- still going to be to parties that don't agree on very much higher.
I don't think it's a question of the two parties agreeing or disagreeing so much is trying to get something done in -- -- and -- this is just shown us that there's a failure and keynesian economics I think you can't just.
Spin your way out of a recession I mean if you.
Read Paul Krugman who I think is retarded you don't -- -- it will not but I.
I don't know to -- city fire yeah well and his outlook UK it didn't work right okay better it doesn't work.
So he keeps banging on the same -- it isn't go to work so if the president comes back -- does the same thing all over again it's not go to work you're gonna have unemployment did.
Seven or 8%.
And that with Mitt Romney would still have to deal with with rancorous Democrats and that you know and Republicans are can be equally rancorous.
With if President Obama is going to be in office -- -- that way.
Uncertainty about the tax code -- coming sit -- coming to -- tax increases potentially the bush tax cuts expire.
Does that really change the way you operate we business museum show up in sales of -- -- -- -- peninsula idiots on our clients know yeah I.
It doesn't show up that way -- but it does show up in your plans for the future a business -- who cannot.
Make a decision make 'cause he doesn't know what it's gonna be I -- -- -- -- -- have a lot of times we -- make plans based on tax.
Considerations you know if you sit well with tax -- -- so -- -- I'm gonna get a tax break if I do thus is so.
Think the mortgage deduction people know that if they buy a house they gonna get a certain amount of -- tax deduction for the interest they pay on the mortgage.
Now -- that's gonna be one of the things it may be -- -- -- but if you cannot go play in growing forward.
Forget about is that they have -- that removed again to go back to that the election where people say art.
Romney's elected or Obama's beckoned for four years so we it doesn't necessarily move remove the uncertainty on Election Day doesn't there's a lot of -- well you've got its fiscal close down -- -- -- they gotta do something somebody has to do something yes because that uncertainty is gonna.
If that you would have the certainty of any kind even if it's bad news is better than uncertainty.
Do you think that they'll end up -- really fixing the tax.
Not Reagan -- Don't think a big deal grand bargain you know this isn't going it alone more than us one syllable -- -- Connell makes it a good point of Simpson Bowles -- the president appointed a commission right.
Everybody's developed that everything that they did with great everybody lauded -- -- -- there weren't they say this is one of turned his back on it walked away why do it.
You know.
Right yes and well Smart guys they brought up a lot of stuff of a lot of good stuff exhibited very thing about it now because it's politically unfeasible politicians aren't -- essentially rude people who would.
11 thing -- please don't tell the truth.
One thing that either these -- can do that they would days to create jobs.
What.
One thing there they got what did create jobs and nothing did nothing I don't think anyone have -- when do anything like that and when we disagree for now it's economically challenged I believe is what we're gonna go with our at our I don't see at the same way and a confidence that -- -- have a -- -- cash.
