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Much -- it won't be spooky that Washington DC will become a ghost town in the next day eight hours.
And the senate follows its house and brother and it on the road out of town -- summer recess.
But for most lawmakers -- break won't be set -- -- and Zachary is by the pool.
Instead they'll be out stumping for a number of issues waiting for them when they returned back in Washington in the fall most notably the battle over health care.
So far though for some house members of the Augustine isn't the only thing making -- sweat is angry constituents.
Head to town hall meetings to express why they don't see where they don't want to see substantial Health Care Reform.
So what else will congress be doing with their recess and what issues will be on the top of the list.
To tackle when they return this fall joining me now on democratic congressman Joseph -- in Pennsylvania.
Who joins us for the first time since he announced he'll challenge fellow Pennsylvanian Arlen Specter.
For his senate -- Congrats to you congress and we'll talk about that in a moment Joseph Mathieu -- program director of politics does the United States on XM satellite radio which can be found.
On channel 130 and mark -- the founder of the Hulbert Financial Digest any MarketWatch.
Columnist good morning gentlemen good to see you.
Morning had a group that need to be here I'll -- here.
Alison says to -- Gee I you know my first question is -- it decided to take the plunge and go for the senate seat.
What happened since I last spoke to you.
-- I want today.
67 counties of Pennsylvania -- three weeks in July.
And I have the tea Alexis and you bring many of the issues up here it is a fact for the very first time that promise of the American dream that the next generation.
But actually have the opportunity based on their talents to do better than their parents.
And I'm getting into this race because I think continual change needs to be made into it to help that found that health -- -- mentioned the economy I'm sure gonna get to.
So congressman and what have you seen in terms of the response by your constituents thus far.
I presume you participated in some town hall like your Colleen yes what are people -- it.
I had a large sum it it was called -- work.
-- -- we had about 300 family members come.
And there was a contingent there that was very angry about any type of intervention by the US government to affect Health Care Reform.
Very angry it was another group they wanted government to do at all but I found by just keep them might get me here and explaining.
That after while the majority of the people that collapse that -- -- moment.
If you like your health care plan keep it and oh by the way our economy is losing a hundred billion dollars a year if we don't -- Health Care Reform.
This is a time for leaders to stand up and present facts in a calm deliberate way.
Are they -- set an angry how can they not be with this recession.
With the help premiums going up 200% in fifteen years but we've got to address that issue.
So Joseph doesn't know setting up more town halls yet until I found it does help -- dominate the -- from this not is -- not business as usual this summer.
It's not business as usual and it will dominate the recess and I'll play a lot of fire were senator I'd like to extend the session I had a couple of weeks.
Based on what we've seen happen in the house members this really comes down to as we argue whether or not the anger is manufactured -- are these are operatives going to these meetings.
It comes down of the fact that the White House and congress.
Have a real problem in selling this concept of Health Care Reform.
Because it hasn't been completely formulated yet you can't sell what hasn't been articulated and I think we're seeing that resonate around the country mark what might this mean for the marketplace.
That congress is out of session and yet.
We've got some of the biggest issues but.
That were dressing in decades.
Well what I reported one of my recent columns was research success over years old but it goes back up nearly a century research that shows that.
On average the stock market does a lot better when congress is out of session and when it is in session.
That's an average of there's a lot of variability that basically what the professors who conducted the study conclude.
Is that when there's the uncertainty of what congress may do when it -- Deliberating this and any of the other possible.
Legislative issues that are before them that uncertainty is something that stock market doesn't like him so that when it's out of session at least there's -- that and certainly -- do it.
Congressman you you mentioned the good billed the told that that's having on a lot of Americans that you're speaking with across the country.
But -- Americans are are pretty vocal and angry about this particularly.
Senior citizens -- are concerned.
That the changes that are being proposed -- impact their health care.
Will you be able to get some -- partisan agreement.
On and bail or is this gonna be plowed -- by the majority -- and the Democrats.
It's unfortunate but I think it is going to end up being.
Almost a single party.
But when like talk to seniors what I say is look remember that donut hole we're actually gonna close it over five years.
And you know your co pays that you pay for preventive care like cool calm makes the hands of bone density exams.
No more co pays and by the way stay in -- health care plan you want.
I have to say the gentleman was right.
The message from Washington is not good.
And we have to be out there despite the harshness of these town halls in getting the message out but I do wish this was more bipartisan.
And that's the shame of it.
-- -- know -- Matthew let me -- -- you when we return is the top priority.
Health care and and that's what the whole cap and trade discussion.
In the backseat.
I think so it's going to be all health care all the time until there is some consensus and something is passed.
The climate bill remains a big hurdle for this White House you've got a group of senators now saying that they will not endorse any climate change bill without.
Some tariffs against foreign companies that don't abide by the same regulations as our company's.
Two of those senators by the way.
Include the two senators from Pennsylvania one of whom the congressman is running against your own inspector Bob Casey is well.
But we're not gonna get anywhere near that until health care is resolved.
And it's gonna take a lot longer than I think anyone believes right now in the White House -- on Capitol Hill this could stretch well threw the ball.
And mark just before we wrap up here you said that usually the market saying you did some historical -- -- do a little bit better.
What how much better and and particularly can they do it after -- almost 40% off their lots.
It's a great question the need to realize that there's the statistical significance that the professors will.
Look at over a long period of time but there's a lot of variability and it's very hard to predict looking -- a long term average what it'll do over any given month and so forth.
So this is it is certainly being a card Cameron blackjack if you do a good job canning your card you can bet that if you -- many rounds in a row.
You'll eventually wind that you don't have any guarantee of winning in any particular round so I wouldn't want to use this particular set of -- statistics.
To predict that the market will go out now that the congress is out of session but it is a warning.
How to market bipartisan ways does this for both democratic congressionally Republican dominated congress'.
Doesn't do as well when it's in session as when it's out.
All right I have a lot of respect for Mark Hulbert said database its unrivaled but what happens at 830 today with his jobs report is gonna -- a lot about where the market goes.
In the next month the jobless recovery is a huge concern right now on Wall Street and in Washington.
Absolutely gentlemen thank you very much have a terrific weekend and -- -- NASDAQ try to get a little bit of -- west as well in addition to all those town hall.
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