This transcript is automatically generated
Maybe as we expect -- well here and I think it's probably good you know value that gives -- -- -- no way to get congress to do anything I mean if you think of the fact that the Harry Reid.
Flawless posturing and everything else since 2009 we do not have -- budget.
-- don't have a budget how can you run anything any kind of business you can't run -- W about what.
Do lemonade stand by that haven't some kind of an idea about what it's gonna cost you and here's the government running but now -- 2009 with no budget -- -- -- insane so they.
Just right got to do something to the.
The larger point earlier this show when and and we initially see kinda how it plays out over the next.
However long maybe it's a few months but if the president as expected signs this sequester order today.
Certain departments have less funding you know there will be jobs -- furloughed and everything else but the large part of the country won't feel it.
So the world won't ends the sky won't fall all those types of things so then what.
That -- that's a tough political -- words I think -- buying listen to the waste that goes on you've got so much waste going on you could trim.
-- a lot more they could do this to several times you know and then -- you put a gun to their head which is what sequestering is doing what you put a gun to they have they're not gonna do anything.
It's not in the selfish best interest to do anything you've got instead -- -- them to make.
Cut it's in the best interest of the White House and the Democrats to make sure war.
That this is painful so they have evidence that it's hurting people and the people who are furloughed are losing their jobs so.
Again the Republicans presented didn't present at the white as the Democrats would like to hear we'll give you flexibility implemented don't want flexibility they want -- to be shallow.
Well listen the president was one of the ones who want -- sequestration -- meantime by the way while he -- these are gonna be devastating to the people you're gonna get furloughed.
Kids are not gonna be who are on headstart and I'm gonna -- that -- meantime he goes down the play golf with Tiger Woods what now it spends.
I got three of four million dollars doing that -- -- new -- can't.
Do that you just can't have that kind of out of -- about that we can not fault.
The president -- for taken a vacation of a few days every.
Every -- I wouldn't I.
I didn't want to talk I did.
It was not an issue when it was bush 43 it was not an issue -- that -- -- again I'm not arguing about him taking a vacation I'm arguing about his his is that the fallacy of him saying at one time all this is gonna be terrible people are gonna be out of work people are gonna gotta be able to.
Dipped to participate in what things that they have in the past because -- the things we're cutting.
In the meantime he's spending.
I'm not saying he does have a right to take a vacation but don't go spend three million dollars taking a vacation a play golf with Tiger Woods -- US also saying hope you can't do this right you're talking about the optics up yeah hello I'm Doug -- dot I'm talking about it's this room where he sits just -- its arrogance -- bad that you can't do that I -- can you imagine they give you just can't do.
I think to go back to the -- -- we had the president has a tough political.
Situation on his hands on to more difficult argument to make if you read like Woodward had Woodward is that a bomb would it's been very famous this week -- is if you read his book.
That's a time when it came up when I guess Jack -- brought up sequestration both parties they really did think -- is reporting -- -- in the book.
That this is the end of the world -- hope we don't wanna do this and now we're at a point where it's about to go into effect for people are not talking that way.
So get the world does -- and the week or two from now how does the president then.
What argument is he making nuclear must change is argument in some ways -- I I don't think.
I I don't think so he's got the bully people pulpit he can say whatever he wants and unless somebody -- challenges him and face to face and saved Mr.
President just what I -- Is that the 3 1000000 -- -- -- playing golf the Tiger Woods wondered why do you cold call talk about these other things and there's something wrong here this something we'll.
I must think his idea he may say that he missed the think his ideas whole -- And a more accepted by the American people on the Republican ideas is looking at the street numbers saying I'm more pop that high close as -- Yeah exactly -- but this is not a Republican Democrat.
To question this is not get this you can't make this but you -- partisan every time this has to do without a country and the people as a whole and if you are the president and the leader lived out of the free world is -- -- You've got to set some examples you can't just act as do push is is they're acting and I'm talking about the member leaders in congress as well as the president we want to bring in Peter Barnes who is standing by in Washington for us following all of this pair of what do you know what it can we expect to hear from the president and then any moment now.
Well I think that he's going to our commodity is going to say that he's gonna sign this order authorizing the the process of sequestration to begin in what happens is is that.
Besides this order and then they Office of Management and Budget.
Starts to go through went in and inform the agency's.
Of what how much they have to cut under sequestration but again we he -- he doesn't have any flexibility on the amount that they have to ordered cut but they do have some flexibility on the timing of this so he could for example say wow.
You know -- it's gonna take at least a month to get -- going for example there's got to be a thirty day notice.
And and he could also player play with the timing as well to try and buy some time -- still cut a deal with congress.
There's one final comment from Wayne Rogers and we are expecting the president in Nam about a minute or so they just -- the preacher and said he's just about to come out.
The stock market what we're just sitting here we've talked about this and the fact that we're 141000 on the Dow were approaching an all time high.
We've been through these arguments in congress before an -- investors.
Your investor people look at -- say.
Well I I'm guy that said this slowest 34 weeks I'm not committing any fresh money to the market I -- until this thing clarifies itself number just talking about -- I'm told -- but we get the debt limit thing coming up we -- There's a lot of things that are going on right really know what the best based on what Washington is in Dillon wind could not not what Washington isn't doing the fact that Washington now is so much of the economy that's what's wrong.
In other words they're interfering with the free market system constantly and they are doing things that.
I mean imagine some of the support him best China -- I don't know I don't know if I guess I'm just I'm not committing new money now I didn't say that I look I'm in the market but I've these of these stocks -- -- long time you know.
Some maybe fifteen years -- -- things like that but I'm saying I'm not committing new money right now until I see some.
Clarity of what's -- by the way if you talk to small business -- around the country you will find out.
They -- not committing new money to.
Expand their business is a may prepay as a do things that they have until they see some clarity and watch part of that is -- -- wearing you know all our business of course at fifteen yes.
Yeah chair you know.
My larger point was that the people did -- just.
Bubble make Atlanta the president is coming -- now on the -- and at the White House and here.