Mike Lawler
๐ค SpeakerAppearances Over Time
Podcast Appearances
being able to purchase them at a much lower rate.
That's important.
When you look at the challenges facing the U.S.
and Europe, part of the problem with prescription drug costs in America is that Americans are subsidizing Europeans with the price controls that have long been put in place on prescription drugs in Europe.
So that is something that we should all embrace, reducing overall cost.
But that's not something that you shut the government down over and and
really harm the very people that you're trying to help.
Well, we've seen in shutdowns prior, for instance, the stock market has generally grown.
The biggest concern has been on GDP.
We saw for Q2 revision a 3.8 percent growth in GDP, which far exceeded what many prognosticators were claiming was going to happen in Q2.
uh... so you know certainly we the the economy is moving in the right direction we got the tax package across the finish line that was critical for attack certainty we don't need a government shutdown to create unnecessary chaos as we are working to to enact critical policies that move the economy in the right direction that create jobs that uh... create wealth an opportunity and so uh... look
unemployment obviously is uh... a a critical issue we don't want to see layoffs we don't want to see uncertainty in the market democrats have said for years chuck schumer hakeem jeffries long on record about the impacts of a government shutdown and the need for a clean c r they should look in the mirror listen to their words of years past including just last year with joe biden at the helm and vote the right way which is
to pass a clean CR and keep the government funded while we work through all these other issues of concern.
Well, again, these are all the concerns and considerations that go into a government shutdown and why I fundamentally believe, regardless of which party is in power, shutting the government down is stupid.
It doesn't serve a purpose but for a political one.
And in this instance, Democrats are trying to use this for a political purpose.
And that is wrong.
It was wrong when Republicans wanted to do it in years past.
It is wrong now.
When you talk about the Fed look fundamentally, I believe the Fed has been late to the game Both when it they needed to raise interest rates in the past and now in terms of reducing interest rates I think they need to cut interest rates far greater than they have Obviously having all of the data and information is important