team and setting this process up, trying to make sure we had competitive markets in every state around the country. and as you remember, you know, we didn t really know until about six months out how much states would actually run their own sites. who would be on their own. so this was kind of the moving target. so, yes, it took a lot of time on the policy side, on the market side, and there was a team in place with other people, outside experts coming in, kicking the tires, regular reports, regular dashboards on the tech side, but clearly the estimate that it was ready to go october 1st was just flat out wrong. did the white house oversell it? i don t think they did. i think what we said from the outset was, you know, this was fixing a very broken market where individuals really were on their own. if you were healthy and wealthy,
the fact is this does not go away and it will punish them severely. but obama doesn t care. he doesn t care. of course not. because he is we re not loving here. much more on this with mitt romney right here. where do you think he stands on this? 4:00 p.m. eastern time, and also help us kick off our special coverage of the state of the union. we ll make sure the money guys are there. former apple ceo john scully, we got democratic congressman charlie rangel. a fair and balanced coverage. as so you go to a news channel and get the news part of this, you go to another business channel, be bored to tears and get the market side, but we meld
in industries like this. and so if we re going to deal with the fact that we have this widening income gap, you need policies that are designed to support the incomes of people with low incomes. this is what obama care is also designed to do. right. you have a lot of workers who don t get health insurance through work, and the policy is designed to fill that gap. you can bemoan that fact, but i think there is good reason we have policy designed to to me, to me it is a question of from the conservative perspective, right, it seems to me you would rather have that coming from the market side rather than the government side. to me, this is another reason why unions which have been so demonized, right, by the right, are such a vital part of this conversation, because they bring a counterveiling force to the table, so there is more of a balance of power, between the workers who have a voice for themselves and the corporations who right now have all the cards, holding all the power
to react to the downgrade? do you think the downgrade will cause interest rates to rise for the treasury, our government borrowing debt and filtering down to somebody who wants a home mortgage or a car loan? tel aviv stock market gives a good early indication, at least the initial reaction of markets. s&p downgrade injects further uncertainy into the markets, markets hate uncertainy. i don t expect we ll pay more for interest rates. the downgrade was an symbolic and psychological event, an important one. usually what the s&p gentleman said it is a meaningful indicator of credit risk. u.s. is not a worse credit risk now than two weeks ago. we can print money and our fiscal situation has not changed in the last couple weeks but made a move to make it better. chris: i want to get back to the market side what people are focusing on immediately. wall street had a bad week
to react to the downgrade? do you think the downgrade will cause interest rates to rise for the treasury, our government borrowing debt and filtering down to somebody who wants a home mortgage or a car loan? tel aviv stock market gives a good early indication, at least the initial reaction of markets. s&p downgrade injects further uncertainy into the markets, markets hate uncertainy. i don t expect we ll pay more for interest rates. the downgrade was an symbolic and psychological event, an important one. usually what the s&p gentleman said it is a meaningful indicator of credit risk. u.s. is not a worse credit risk now than two weeks ago. we can print money and our fiscal situation has not changed in the last couple weeks but made a move to make it better. chris: i want to get back to the market side what people are focusing on immediately. wall street had a bad week