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So will the scandal in Washington divert the White House from focusing on the economy some are worried that remainder of president Obama's second term.
Could be devoted to defending his administration and joining us now we've got Potomac research cheap political strategist Greg by air and -- They anchored David -- and Greg let's start with you.
America has never been more eight DD and shortest attention span -- will this blow over a matter of weeks -- was is going to be with us for -- -- This gonna last for a long long time -- too big points I'd make number one.
They're going to be dozens and dozens of hearings.
And it Cheryl just said -- mean there's a new revelation every hour or so -- I think first and foremost there's a long way to go and just uncovering stuff.
Secondly the wild card here.
Is not the Republicans there's a -- they could overplay their hand.
The wild -- is that Democrats I think a lot of Democrats were worried about 2014.
They've got tough reelection fights they're gonna abandon Obama in droves.
You know David we are hoping for tax reform right there hoping to work more on the deficit were sold -- some progress on that.
Do you think this is going to divert us from getting things done like that and Washington on -- scandal might but I'm not so sure that the market's gonna take that as bad news I mean -- to tell you the truth of war that that less that they do inside the beltway it seems to be the better whenever they try to.
Either water things down from the Republican perspective or get something through from the democratic perspective from president Obama's wish to tax more and regulate more.
That's seen as bad news so the more gridlock the better in many people's minds.
Did you know it is distracted -- that it.
We've got justice with the AP we we've got the IRS going after.
Tea Party groups if we have a third agency to come up in the next few weeks from the Obama administration -- overreaching like that.
I mean it -- far.
-- -- Oh I'll give you one that's HHS where Kathleen Sebelius.
Put the strong arm on companies that she supposed to regulate.
To contribute to this education funds -- that's still another what it if I could quickly pushed back a little on what David said.
If -- liberal agenda is being thwarted I agree it's a good story for the markets.
But I'd also say be careful what you wish for you at the Specter of a three year -- lame duck president.
Adrift unable to get anything done it doesn't look that great internationally.
Do I do worry about that angle.
Well I'm not too worried about what's having international am focused on what's happening here internationally I think the economies there overseas or basically going to be just sort of sliding by over the next couple years its economy here that I'm worried about.
And -- gridlock look what we have been able to get done we have been growing like gangbusters you look at particularly what's happening in the field of energy where the president realizes that he needs more of the tax income from.
Natural gas and so forth and and you look frankly at at what's happened with a sequester made the government finally the treasury.
Is is taking in more money from tax revenues and putting out less money by that I just wanna say one thing about the -- but this does -- through the business community.
The iris are a lot of business people out there that contribute money to various causes some purely political some directly involved in the -- business.
If they are where they think.
That some of the information.
That they're giving to the -- arrests.
Is is going to be used for political purposes.
That may put a chill throughout the entire our country contribution.
Projects is some of these companies have whether they're individual business people or corporations.
This could really have a chilling effect on charities throughout the United States yet.
-- and play it if I could add one other point.
And that is we were talking two months ago about whether the Republicans would keep the house.
I'm beginning to think they may gain seats in the house with a scandal like this so all perhaps even take over the senate.
Well absolutely the magic number six and believe it or not there -- seven seats up.
In states that Mitt Romney won pretty comfortably so I think the Republicans are on the verge of a pretty good election in 24 to.
Well Greg you know this idea that will the Democrats abandon Obama.
He has not President Obama -- not been a great president for his own party look at how much pressure you put on for gun control measures.
On democratic senators that were afraid to vote for.
They don't trust and they're not close to him.
They thought he would sell and down the river river on entitlements so the next issue to watch guys is Keystone Pipeline I think -- enough.
Nervous Democrats and in 2014 you're gonna say we're -- we're gonna bail we're gonna support Keystone Pipeline I think Obama has to cave on that.
Can I just mention one thing about the -- scandal which is that now the government has all the sources that the Associated Press has had for the past two months just imagine.
The lack of the lack of work that somebody like Charlie Gasparino world -- -- -- McDonald.
Bit the difficulty that they would have collecting information that we use here on Fox Business if -- -- sources knew that the government would have access to their names and and for me.
Yesterday about to face to face meetings -- -- all right thanks very much for being with us -- by -- and you have been.
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