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Gridlock in washington. First, the fate of the Affordable Care act, also known as obamacare, will once again be in the hands of the u. S. Supreme court. Justices have decided to hear an appeal of the law. Our Supreme Court reporter joins me on the phone. This appeal deals with subsidies or tax credits. They have helped more than 4 million americans afford insurance. Arent these subsidies the linchpin of the Health Care Law . They are really important. Without them, most or all of those people could not afford insurance. If they cannot afford insurance, that would mean that only the most to desperate people might buy insurance. That would essentially send the Insurance Markets what the Administration Calls ....
That weighs on Consumer Confidence and Consumer Spending and you are talking about home sales. Lets not forget, however, that to an unprecedented extent, this recovery by home sales is being powered by private investors and by foreigners with a lot of cash, and in fact never before have we had a situation where one third of the homes purchased has funded entirely with cash. The president is talking about how Government Spending creates jobs cash is something that ignites this. In regards to overseas, how do you bring that home to great money instead of the Government Spending money. We have 33,000 more workers and 97,000 less jobs that are fulltime since the beginning of the year. This is a really poor job growth picture we are looking at right now ....