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Hot now the Wall Street Journal folks is joining the chorus them.
President Barack Obama bashers that you need to do in this bad economy.
That journal's editorial page stating today quote.
The market -- notably plunge since mr.
Obama introduced his budget last week.
And that should be no surprise the document what the declaration of hostility toward apple went -- -- the country.
WSJ now -- there own out.
Now is the president's -- White House anti capitalist.
Joining us now Republican congressman Roy Blunt of Missouri and I'm not.
Although he's on the right -- -- right now.
Supposed to -- -- own show on Fox News radio.
Allan let's start with you it is very easy to do it.
With the economy in the in the -- eighteen you know and then of course the White House they had only been in an -- -- weeks.
But if you do look at those few weeks the market can't paint -- -- -- -- in the.
They're going to have long before Obama came in office economic implosion began long before Obama came into office and we had.
Bad profit reports coming out we had lack of construction starts coming out.
These are things are tied to the stock market is very easy for people don't like about it -- went to automatically blame the guy in office so when the market goes up and had to come back -- say.
President doing great market -- -- while I'm still haven't we're so happy when we get president to get the market's up.
X number of points today.
Well every day it's up and down with the president how good he is depends on what the market's doing that they -- -- I just I got a couple of minutes ago I just said Obama's wearing this stimulus package I didn't and I am correct in assuming that he was so he's thinking about -- ST date has -- ball.
-- to make a difference has to change.
If this doesn't work let's talk let's talk mid term electors sure how -- guys are you know we'll -- -- look at -- big change I think I think he's got I think he's very much tied to how how well this works you know he's putting -- two years and it'll get your guys -- -- -- take hey listen it's eight years of failed bush policies.
We need to leave well enough or I don't but I don't like -- -- people blame Clinton or so people blaming Bill Clinton for everything and you can't blame Clinton after a certain point you can't blame bush after certain point.
He has put his stock in trade.
The high -- what he is doing.
It's got to show some growth that's got to show some some turnaround certainly.
Within the next year -- so I have I don't.
Congressman blunt broad -- I think.
The American public -- I don't think likes the way we frame this as a Republican vs Democrat thing.
-- we're actually looking at this topic I mean it has -- just said it was the markets and the economy we're taking long before Obama came in.
What can you address whether it is a partisan thing -- all weather -- the American people just mad at Washington in general.
What -- they are mad at Washington they're frustrated generally but really got to give the president some of credit for his comment today as investment buys.
The truth is since he was elected it's the first optimistic thing he said about the economy and the president has turned the audacity of hope.
In the audacity of despair and with this a budget we've got now the audacity of them debt.
That's not the fault for any Republican he made the propose a whole lot and I think Alan I appointment I think gallons absolutely right when you.
When you asked for exactly what you want.
And you get exactly what you want without any debate without any hearings without any openness you -- the problem and I think a couple of within the next couple of years.
That problem is largely gone arrest on the president's shoulders he knows that Allen knows that.
And your viewers know that.
I heard much from Republicans other than let's keep lowering -- let's lower the tax rate let's take the tax burden away the American people as I understand at 30% of the stimulus plan.
Our tax cuts and and you know where's the alternative plan where has that been.
What else to the American people hold onto -- -- Wentworth where over the Republicans been on this and aren't they talking on the economy and being negative and instilling fear.
When they keep saying it's not gonna work.
Which too much money we're spending all this money we can't pay it back is -- that is -- period.
People but I you know I can't exactly tell who I'm responding to here it is out Wilson I Wilson I will say this Alan.
You know what I've been saying this in spite of the fact that I don't think the stimulus is perfectly stimulate.
And probably slowed the recovery down some.
That the American people are competitive they're Smart they'll figure out how to overcome this but if the stimulus package is -- targeted.
Timely or temporary so it doesn't need any of the test if you want a collection -- want.
The new majority wanted to spend for the last ten years that they didn't get spam that's there if you accept the premise that any spending -- stability.
That's the premise that they finally had to push forward currently end of -- package that doesn't do what it's supposed to move.
Let's check out some specific factors that that have been moving.
President Obama's budget -- get you know both of your reaction to this first let's go back to that wall street journal editorial there that started all this.
It's -- health care stocks have died on fears of new government mandates and price controls but in fact.
You delve a little deeper into the complicated subject health -- companies are taken it -- right now folks because the Medicare Advantage the Obama administration is that gonna make -- its parent company.
Compete for the big government dollars.
But long term also I think about this.
Our doctor Marc Siegel Fox News they be insurance companies will actually benefit.
From 45 million people who are uninsured right now becoming patients and customers of the insurance company.
If we go in the direction of national health insurance that's involving these HMOs.
They're going to be big beneficiaries of this a few years from now and they know it that's why they're giving money into the -- I don't know they anticipated this Medicare Advantage problem.
But down the line they're going to be benefited.
Their stocks -- -- about it.
Know -- the White House tomorrow.
Congressman let me get your reaction to this I mean that these health care stocks -- -- all of this.
And out because then you also have -- and that's Capital One and other credit card companies gaining.
Because the term -- it.
Loan facility it -- basically going to do more consumer credit financing out there.
Well on on health care I'm gonna go to the White House to mark the white house conference on health care I'm hitting the Republican task force on this area.
I've told both the president the vice president that in.
-- this is another area where they want the solution to be a 100% their plan I think we can create a health care system has more access more affordability.
And higher quality of the repeated that his competition.
And the government is the one group that can actually interfere with -- a competitive system we can organize -- -- all those other things.
Hey Alan let's talk about efforts that we we've had it in a very short period of time president who can -- said.
Became a basic wiping out a student loan industry in a matter of a few words putting up a series dent in some of the health care providers as it as a sector -- well.
Are there any -- these you know these potholes in the road investing in our future well and I.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And don't go to the emergency room as a first line of attack when they have a problem and it cost the taxpayer less money.
In the long term has -- -- north.
Parents and how about that I think -- that that the issue here just like the Republicans want the money going towards their cronies and the Democrats.
Don't -- their cronies but it is just new wants to central control either side.
Well I don't agree with that and we also don't agree with -- sense that.
They -- -- when the government becomes a competitor the government eventually drives all the competitors out.
Because it doesn't have to comply with things that real competitors have to comply with -- so I'm afraid that would be a step toward just another government run system but the government can organize a system.
-- competition in the marketplace make -- difference just like we did we added prescription drugs to Medicare.
That's 40% less costly than the lowest estimate anybody had.
It's a voluntary system that 90% of the people that could be in -- are in it and 95% of them think it's great and a 100% of them.
-- know that they can leave sometime within the next twelve months if they're not satisfied.
With the provider they've chosen that's where a government organized system saves taxpayers money.
Increases quality and increases satisfaction.
I think that's one of the things we ought to look at as a real competitive model.
Congressman -- thank you so much for joining us today.
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