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Published: Wed, 4 Nov 2009
Description: Professor Peter Morici on why New Jersey and Virginia went to the GOP.
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" Good morning Vietnam the a lot of people are. Thanks good stir my guest today and the diamond district says that the GOP victories in key states New Jersey and Virginia out work. The results of nothing short of arrogance in intolerance his words. By the -- candidates. Is it possible that the administration is to focus on the more extreme left and leading. The middle of the road of voter behind IE the independents as well. After all President Obama got elected honest centrist platform that embrace some Republican ideas like tax cuts. University of Maryland economics professor eateries see joins me today in the diamond district doctor Maria CI. Looking at the email that you sent -- the article that you wrote about this earlier as well. Intolerance -- air against what do you mean go into depth about your explanation."
" Well the middle class the middle Americans that have bought it bought for Barack Obama do want somewhat lower taxes they want health care reform that lowers the cost. Instead he turned over. Health -- to Nancy Pelosi and the liberal left in the Democratic Party. And they come up what a single Payer system and that's what the public option would be a Trojan horse more Americans don't want that. Health care reform that's going to raise their cost 1002000. Dollars per family. A huge stimulus package that didn't create any jobs. He promised to do something about imports from China and the destruction of manufacturing jobs done nothing about that. You promise to straighten out the banks so what do we have 1% of GDP go to bonus this to a couple of thousand people on Wall Street. "
" Okay so if you're advice is seen as the Democrats. Would you tell them to scrap health care reform altogether they they may be voting. By the end of this week what would you tell them to do on that front."
" Well that's the start over the bills they have won't slice it they're going to have to go back to the basics reforming the insurance market integrating interstate competition. Getting away from race discrimination those reforms are good. But at the -- on a -- flyers -- great defenders of the Democratic Party. If they're gonna take that the start taking on those special interest that Barack Obama. Promised he would defend middle Americans from and it begins and healthcare reform the drug companies -- talk perform."
" Yeah I mean he's getting the lesson and then all the outsiders. Realize once they become insiders said that you'd have to contend with all these special interest is still new governors. New Jersey and Virginia again the outsiders think -- they're going to come in and change how politics is done. Hammer the point to -- tax cut cut taxes. On now to create jobs. I'll win they have a budget. -- you know -- until they don't have enough money to meet their budgetary needs in the state haven't they do that."
" Well a lot of local governments would get a lot of assistance from the states are out of control. You try to do something like built the deck in your backyard these days in about six inspectors in your face. I've we've got what we have had an enormous expansion of local bureaucracy without any additional services. These governments have to look -- revenue reform our reallocation of revenue between state and local governments. Paring down the local bureaucracies and making this -- work more efficiently. -- your children and bureaucrats running around the states these days."
" How much can they can't -- cut taxes right off the bat isn't isn't going to talk this. These governors -- what cats is can they cut ended by what and that."
" Well they got sales tax that cut income tax it it in New Jersey more than sales tax. However they're going to have to cut the state budget to do it and that won't mean tightening the belts of the local governments with a bureaucracy has run. Out of control because that's where the problem is it means getting less money that the cities and counties but telling him to get it done. Not quite getting rid of school teachers but by getting rid of supervisors don't look over the shoulders of schoolteachers."
" All right even more of this -- love it. After freedom -- for the university at Merrill -- thank you very much for Johnny -- in the that the district."
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