No winners in the shutdown Steve Cotton explaisn what it did to the ecconomy.

Episode Transcript

Speaker 1 (00:00):
Joining us now talk a little bit more about the
shutdown and moving forward and the potential of facing this
again at the end of January. Financial strategist and policy
expert Steve Cotton is back. Steve, welcome in. I appreciate
you being here. You know what was pointed I think
by our Vice President. This vote that went through to
open up the government again was the actual plan and

(00:20):
nothing changed here that Schumer said no to forever, causing
and creating massive problems for so many people and their
families around our country and travelers and everything else. Snap, folks,
you know why, Okay, if you're going to vote for it,
not why didn't you vote for it? You know when
we talked about it at the beginning. Okay, So your

(00:40):
thoughts on this in fact that I think we had
more losers in all of this process than we did winners.

Speaker 2 (00:47):
Well, good morning, JT. Thanks for having me. I think
you're exactly right. I have a theory that what caused
these these Democrats in the Senate to cross over and
vote to end the shut down was their fear that
we could have an airline disaster. We had such a
shortage of air traffic controllers going into this and then

(01:09):
the shutdown made things ten times worse. Stressed out these
good men and women that are trying to keep our
sky is safe. Stress the system, stress the airlines, stress
the customers and the flying public. And I just think
these senators did not want blood on their hands if
there was a major air disaster.

Speaker 1 (01:27):
You know, I got to tell you, I think the
whole thing and I agree with you on that one
hundred percent. I think the whole bigger picture on this
thing globally is that you look at other world leaders
and they're looking at the United States and it's like,
you got the two sides of Congress here and the
two sides of the aisle is squabbling. It's like, is
the United States really a reliable partner in economics around

(01:50):
the globe? Are they reliable in anything that they come
to the table with when it comes to being good
for us?

Speaker 2 (01:59):
Well, it's always a concern. You know, our allies and
our adversaries are constantly watching, and you're exactly right. Democracy
is very messy, unlike dictatorships. And we've seen a messy
negotiation process in Washington. But interestingly, the Republicans did not
cave on adding over a trillion dollars worth of spending

(02:21):
back into the budget. The White House stood firm, the
Senate Republicans stood firm, the House Republicans stood firm, and
for one of the few times I can remember, the
Democratic senators that were pushing this shutdown had the cave
and reopened the government. I think it was good for everybody,
and I think damage, the long term damage is not

(02:43):
going to be quite as economic as it is just psychological.
This kind of thing does undermine confidence in our government
across the board, and I don't think it's helpful to anybody.

Speaker 1 (02:53):
Yeah, agree with you there, and speaking as a policy expert,
I wanted to get your thoughts on policies between Democrats
and Republicans. Obviously, it was a huge move to get
back to a conservative way of life in our country.
The four years of Biden clearly painted a picture even
to Democrats that still don't want to admit it, realized
that this country was in trouble for four years with

(03:15):
the crime, with the borders, you know, with what's happening globally.
I mean, we had so many fires going on around
the world and those fires are starting to you know,
be put out. What's happening with cleaning up our cities. Now,
four years of letting people bad guys in there, it's
going to look shocking when the president says, well, I'm
going to come in here and clean it up. Well,
we've got it. No, you don't get out of the way.
I'm coming. Oh my gosh, you can't do that. But

(03:36):
all of a sudden, oh my gosh, look at the
statistics on crime in these cities gone down, down, down.

Speaker 2 (03:41):
Oh.

Speaker 1 (03:41):
The residents like us coming in to clean things up.
They don't like this crap in their front yard. So
when it comes to policies right now, Mundani, he just
won the New York mayor's election, and the governor Democrat
has also come in and said a whole on a minute, Now,
where do you get off thinking you're going to be
raising taxes accomplish all your socialistic policies here, I'm not
supporting this. So once again the Democratic Party doesn't read

(04:05):
the room, they don't get it, and their policies. Instead
of you shifting and changing, they're doubling down, especially with
the crazy Left and the Democratic Party. So where do
you think these policies that they still land on are
going to bid them? Well? In the midterms in the
twenty twenty eight presidential election.

Speaker 2 (04:21):
Well, I think in the case of New York with
Mom Donnie, he's an avowed he's more than just a Marxist,
he's a communist. He spouts the communist line, communist solutions
to these social and economic issues, and I think reality
he and his group are going to run and write
hard up into reality. He can't arbitrarily and unilaterally change

(04:45):
the tax code in the state. Can't. His solutions have
been proven over the millennia, not just recently, but these
solutions have never worked. His desire to provide free services
for everybody and free housing and all of the rest
rent subsidized housing result in a shortage of housing, and

(05:09):
they're going to be all kinds of negative consequences, and
the country's going to get to watch. You know, Seattle
just elected a socialist mayor who's not had many jobs
in the past, and I think the reality is going
to show them very quickly that their solutions are impractical,
they are expensive, and they're counterproductive. So the communities suffer

(05:33):
like this with these bad policies. But if they elect
leaders that espouse failed policy solutions, that's not going to
end well for them.

Speaker 1 (05:45):
Steve Cotton, Thank you buddy. Always good chat with you.
A very nice input there. Financial strategist and policy expert