American Morning

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April 8th, 2011
09:13 AM ET

Fuller: Short-term shutdown won't hurt economy

While timing is important and tourism dollars will not be spent in Washington, professor Stephen Fuller of George Mason University says the economy really wouldn't notice the shutdown. He says although it will have no affect on GDP it is the companies and individuals that will be affected. He speaks to CNN's American Morning about the uncertainty being the big issue not the actual change in spending patterns.

Filed under: Politics
soundoff (3 Responses)
  1. Rebecca Mansperger

    When I hear about the government having issues about what they think should be cut in the budget, I always wonder why we don't just cut their paychecks in half and put that into the budget as well as getting rid of all their summer homes and extra cars. I am sure the combined amount would probably make somewhat of a difference instead of suggesting cutting what they send to feed the hungry. or cutting the budgets for schools. It is absolutely appauling to me the way they all blame eachother in Washington. No one takes the blame. Maybe one day we will have Government officials that actually listen to the people.

    April 8, 2011 at 5:11 pm |
  2. Julie

    all this cost money. Tis like the $6 million the republicans did on Clinton debacle when he and Monica were an item, while newt and bunch of others were doing the same thing.. Waste of time and money. Big distraction as to what is important.
    Bachman? duct tape and plastic for her comments. she is irrevelant

    April 8, 2011 at 3:14 pm |
  3. Ken

    I think if we did that our economy would once again stabilize and we would be solvent. SS and Medicare would be solvent. You sure won't see Congress tapping the well if their retirement is in jeopardy of being depleted. and we would once again have safe roads and bridges.Natural Gas-lines would would stop blowing up neighborhoods and we would have safe water to drink. The electric grid would be updated to handle future demands. Just for instance if you put a small wind or solar system on every household in our state alone and it created two jobs ( system designers, delivers installers etc. ) it would create almost one and a half million new jobs. No more unemployment and our schools would be full. Instead Our Congress goes out of its way to stop any growth in this field just to increase some wealthy oil tycoons pockets with more money.
    We need to open the borders on Pharmaceuticals. Since most of them are created outside of the us then they should open the borders.
    You hear the argument that they need to recover their research expenses that is why they are allowed to charge more than a thousand percent profit. Ok Then stop giving them research grants for discovery of new medications or charge them interest. I think the American public is funding both sides of the coin there.
    Since Pharmaceuticals is almost seventy percent of Medicare costs then that portion needs to be addressed. Although if Congress is made to adopt the same coverage there would be a huge change towards the betterment of the system.

    April 8, 2011 at 9:46 am |