passing continuing resolution and raising the debt ceiling and nomination for the new chairman of the federal reserve. so i think if they feel the need to fight over something after syria falls apart it creates the risk at least we will get closer to hitting the debt ceiling. i don t think we will have a government shutdown. it s bad for the economy and bad for the markets if they even come close. which is what we saw in 2011. jared, how could a strike on syria impact the budget battles that are looming before congress? i see kind of two potentially countervailing effects. any time you re talking about geo political action or numbness in the middle east you have to worry about the price of oil which is a key input into our economy so that is one thing. syria is not a big player in that regard but it s a tightly supplied commodity so there could be trouble there if there is a strike. secondly you won if congress
uptick. it my be something else? one thing the market is looking for this fall is when the federal reserve is going to start backing off the bond purchases it s been doing that bring down interest rates and encourage business investment. the thinking had been that the fed was going to stop that in the next couple of months but a weak jobs report like this might cause the fed to remain as aggressive as it is now. we have seen the ten-year treasury bond fall today and when that falls it s not surprising the stock market would be up. before we go to syria here, you re characterizing the jobs report as weak? yes. jared, do you share that characteristics? i do. the decline in jobs and participation in labor and downward decision to payroll jobs. this is what politico s ben
people will get addicted to obama care. he set it up as yet another program people will become addicted to on the public trough. yeah, it s absurd. they want to frame this as a taker s program. but access to health care is about human dignity. we live in a country that s simply too wealthy. we have too many resources for us to have this fight. what republicans want to do, there is a key day coming up in october where the obama administration has to make the case for young people to enter into the system. this makes the system flush when we have young healthy people involved who don t have the health care through other means. they want to try to disrupt that in any way possible. it s a calculated political move they re making here. like jared said this he can t defund it, but the american people need to look at the data. honestly, we need to keep pushing for single pair health care and push this program just like folk pushed social security and medicare to make it better for the ameri
beneficial to the american people. i m very much addicted to taking the kids to the doctor when they re sick. if they get hurt, that s a serious addiction i have. pretty much everybody else does too. i suffer from the same addiction too, jared, sadly. thank you very much. thank you. coming up, while you were recessing, bluegrass edition, and why senator mitch mcconnell is now trolling his opponent. s linked in profile? stay with us. [ male announcer ] this is claira. to prove to you that aleve is the better choice for her, she s agreed to give it up. that s today? [ male announcer ] we ll be with her all day to see how it goes. [ claira ] after the deliveries, i was okay. now the ciabatta is done and the pain is starting again. more pills? seriously? seriously. [ groans ] all these stops to take more pills can be a pain. can i get my aleve back? for my pain, i want my aleve.
hopeful for the republicans governor scott walker sounds ready to move past the latest defund obama care fight. do you make the point as senator jim demint says or do you stay away from shutdowns. i think shutdowns are not a good move at all. think most americans are center right and want limited government but they want a government that works. i don t hate government, i hate government that s too big and that doesn t work. so we need to show we can through reform make things work. let s get right to our panel. jared bernstein a senior fellow and dr. james peter, associate professor at he lie university, both msnbc contributors. welcome to both of you. jared, 40 votes be an counting to defund obama care in the house. why can t the republicans get on the same page with each other on whether or not they should go for repeal? because they can t. i mean, they cannot defund obama care. they could make problems for obama care s implementation and