exercise. the president misspoke on that. it s acted with precision. we made it clear when secretary kelly reiterated that. the president was describing the manner in which this was being done. just to be clear, on his use of that phrase. i think the way it s being done by all accounts is being done with very much high degree of precision and a flawless manner in terms of making sure the orders are carried out and it s done in a streamlined and efficient manner. the first about the travel ban. look, we ve made it clear we believed the first one was done in compliance with u.s. code and the authority granted to the president. this time the order is finalized. what we re doing is now in the implementation phase of working with the respective departments and agencies to make sure when we execute this, it s done in a manner that is flawless. so it s not a question of delaying. it s a question of getting it
good to see you, charles. how are you doing? good. this is just nuts. they can t put together a web site, they got $300 million of our money, and now they get to do whatever they want with it? well, it s very interesting in that it was just a week ago on thursday that president obama came out and said, in an unannounced press conference, we had 8 million people signed up and that the debate about obamacare was over, and that it is working. but if you look at oregon, they have not had one person signed up. you just talked about the $300 million there and now the federal government is going to have to take over and run the exchange. how much additional money how many more millions of dollars will that include? it s not just what is happening in oregon. we also see problems in maryland, we have problems as well in massachusetts. the hard part is we re moving mg into the implementation phase.
is this the turning of the tide that we re supposed to be watching here? reporter: you phrase it very well, thomas, because i think we can make a distinction in their approach in the first two years of the obama administration and the last two years of the obama administration. as they put it here themselves, they re going to move from a legislation phase, dealing with capitol hill and health care and all the big issues they dealt with in the two years, to an implementation phase. legislation out, implementation in. recovery out, competitiveness in, at least as far as it s concerned with the names of these boards here. jeff immelt named to the council of jobs and competitiveness. he s going to chair that council. paul volcker out, immelt in. volcker ran the economic recovery board. so a shift in emphasis here, and you re right. a number of signals, a number of signs to signal that, thomas. you mentioned bill daley coming in as chief of staff. he spent seven years on wall street with