0 charles payne. night and day. night and day. it boils down to one word, accountability. it s what drives the pri-is the sector. bottom line, new york stock exchange has to please members, shareholders and investors. they have to go out and do a fantastic job. this obama care exchange, it was driven by two things. ideology and ego. i want it on october 1. well, we haven t vetted it. put it out on october 1. that s what it boils down to, this president is not accountable. no one who works for him is not accountable, not just on this, but a slew of events. practice makes perfect, or at least not awful. they went through it on the new york stock exchange again and again and again to make sure it went off without a hitch. clearly, they wanted to make sure the launch went smoothly, and it did. lessons for the white house? well, they should have known silicon valley? the guy who runs twitter is probably liberal, as is zuckerberg who runs facebook feeds obama whenever he wants. but if
them? china does need us more than we need them. they are an export-driven economy. they have been growing at nearly 10% a year for the last 20 years. now they are slowing to about 7%. they are terrified of the internal revolution. 75 p.c. of the chinese population has not really benefited from the 30-year miracle in china. and so, things are very intense internally. that was said for internal consumption in china. so rick, it doesn t sound from what rich is saying like china is in the driver s seat. first, i have to give a shout out for the producers for finding that commercial. that thing was awesome. i don t know where you found that. look, the reality is if you think that it s only china who is making fun of us after the past few weeks, you re dreaming. every country out there is mocking us for what the republicans put us through. do we need china? of course we need china. of course china needs us. to try and measure this like who needs each other worse, how silly is that?
now. it will be a cost disaster. john, at the very least what this shows us once again this is not ready for primetime. we need a delay to get this order, if it ever gets in order. we need more than a delay. the federal government should simply not be doing this. if the feds tried to make cell phone usage universal we d still have brick phones and be paying roaming charges. obamacare will be the proverbial brick phone for those unlucky enough to be ensnared in it. scrap it together. mike, i m just wondering. should we all be surprised that a government program dealing with a sixth of the entire economy messes up? no, of course not. look at how the cost of other government healthcare programs like medicare and medicaid have gone up exponentially more than they said they would cost. this will cost a lot more. people who don t need coverage right away are not going to buy it because of the sharp penalties. the only way the government has gotten some states to comply is saying they
0 that work. state exchanges do better than the federal that gets to the point. why is the federal government in the business anyway? morgan, i know that a lot of private businesses have failures. but if they fail, they go out of business. if this was a private business, wouldn t it be out of business? not just yet. it doesn t matt every because it s not a private business. this is the government. at the end of the day i think obamacare is the winner. love it, hate it, tall problems with the exchanges, it doesn t matter. we saw a standoff over obamacare. we see the g.o.p. poll ratings in the toilet. we saw billions spent on a government shutdown. biting in to the economic growth. at the end of the day, what did we get for that? slightly tightped income verification, where consumer ace plying on the exchange. obamacare is here to stay. again, 7 million people supposed to be handled by the exchanges. alaska had five sign up and go through the process. five. how will they deal with
0 it s got to stop. that s how you get the $17 trillion in debt. i know the markets are acting find here. i am so worried one day the market is going to wake up and see all of this is not act fine. and all hell will break loose. let me go back to wait one second. dagen, i ll picky back off of adam s example. if i lost a finger, yes, but what if i grew 15 fingers? what if i had 25 fingers years from now? then if i lost one, it wouldn t hurt so bad. i wouldn t be so disfigured. this gives us the opportunity to prioritize and decide are these people and bureaucrats useful to us. isn t it time to call the herd, so to speak. i want yosemite to be open, adam. and we ve learned how critical some of these people are, like at the cdc with the salmonella outbreak. you had people brought back from furloughs to run the computer network that tracks disease across the country. so we re realizing their value. years had to tighten their own belts. they had to make adjustments in their open liw