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You very very much about -- against their balances says you know in the end it's gonna be be economy that saves this that whatever controversy over healthcare law does it will be days -- -- -- economy will -- little boats.
Robert -- even -- one.
But that's nice to see you -- and listen I think it's a pragmatic decision that we delayed the employer -- -- a political decision Tony fourteen.
-- I think you have to look at this way it's 18% of our economy it is big it is lives it takes time.
You have to separate -- job the individual mandate which is making sure we insure the uninsured.
That takes time to state exchanges gonna take time I'd like the idea that we're focusing on that first most businesses are not.
Didn't just disappointed that we're delaying it they want to make sure they understand the regulation they want to understand the cost.
Why and why isn't a pragmatic to say let's focus on the interview you'll be applied to the individuals -- And would delay it for them to know I I think that listen I think the whole thing is going to be.
It's not an easy enactment but I like the idea that we're taking a bit of a piecemeal approach when you have that much the economy okay involved.
I think it's important we get the uninsured insured.
I think it's important we get health care affordable and it's important that we make sure the employees understand what this mandate as if that means we have to prolong some to get -- right.
That seems pragmatic to me.
This is not -- this wouldn't.
Did approve if people do the problems that -- crop up.
I think anytime that you speaking about near 20% of the economy there's going to be significant bumps in the road.
It's very difficult to see how you smooth this out without taking time -- I think it makes sense that we take the time I think arguing whether we're going forward with it or not.
That's already been decided where proceedings so -- forgot how to proceed the best way.
So you don't buy the argument that you can't change the law midstream by moving the deadline -- what they did.
-- enforcement provisions it's quite another to change the dates.
On the participation provisions I think if you change dates because it's gonna make implementation -- you change states.
So you don't think it's a big -- I don't think it's a big deal and I will tell whether the economy doesn't improve what do these tepid numbers continue look at the GDP numbers but OK but not great.
Just kind of Peter along.
Yeah listen I'm concerned I mean we are kicking along at around 2% if not under manufacturing has slowed down exporting -- slow down.
Yeah I would say that most people -- very concerned about the economy right now for you know.
Yeah a long time I am concerned but we're doing better here than almost anywhere else in the world seller does are saving grace that -- we might suck but the world -- -- as well you have to hope that foreign direct investment into this country which is only 13% of GDP.
Increases dramatically we need foreign you don't Cigna healthcare issue is a -- over the economy or give a reason to give investors pause and analysts.
But as -- discussing earlier this temporary hiring that's -- on it doesn't.
Dissuade you now I think hiring his demand driven kind what -- -- all the time.
Al-Qaeda and part time.
Well first of -- let's think about part time hiring its normal.
You increase first the average -- workweek which by the way over the last few years has gone up by about two hours that's north of two million job equivalents.
So you have to first get the slack out of the system.
We still even have more slack number two once you get the slack out of the system then you start hiring full time.
You have a lot of businesses that don't think they need the full time labor haven't seen the demand remember when -- global growth slowing down and -- hopping along here at 2%.
It is not like we're ringing the bell saying god bless America we are driving a great economy we are going slow right now.
We just happen to be.
Going faster than you know the rest the economies around the world unit and that that does defensively Robert wolf the former UBS Americans that chairman.
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