4.5 • 705 Ratings
🗓️ 16 January 2019
⏱️ 10 minutes
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0:00.0 | Welcome to Axis ProRata, where we take just 10 minutes to get you smarter on the collision |
0:05.6 | of tech, business, and politics. |
0:07.3 | Sponsored by TSX Broadway. |
0:09.2 | I'm Dan Pramak. |
0:10.2 | On today's show, Sears Get Saved and how America's next Attorney General views Silicon Valley |
0:16.4 | tech giants. |
0:17.6 | But first, the government shut down, day 26. So politicians and pundits often wring their hands over how Washington, D.C. doesn't work |
0:26.8 | anymore. |
0:27.8 | But this is one of the few times when it's actually true. |
0:30.9 | I mean, we're talking here about 26 days now of thousands of workers, hundreds of thousands |
0:36.3 | of workers not being paid, of safety |
0:38.8 | inspections not being done, of TSA lines getting longer, of trash bins overflowing at national |
0:44.7 | parks. |
0:45.7 | Oh, and of damaging the U.S. economy. |
0:49.0 | According to CNBC, White House economists had privately expected that the shutdown would |
0:53.5 | subtract 0.1 percent from GDP for every two weeks that it lasted. |
0:58.4 | But they've now apparently doubled the impact to 0.1% every single week. |
1:04.0 | It is not the sort of news that could be very popular in an administration that typically holds up economic growth as its Trump card, both figuratively |
1:11.9 | and literally, anytime it receives criticism about most anything else. |
1:16.5 | The bottom line here is that we are in a stalemate. |
1:19.6 | Axios' Jonathan Swan wrote this morning that Trump has taken to quoting boxer Mike Tyson, |
1:24.3 | who once said that everyone has a plan until they get punched in the mouth. |
... |
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