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Small business side and even remembering president clinton, obamacare used the word killing or crushing small businesses. those are things we have to counter. there are factors that go beyond the individuality of this. it is complex. i m not making the case that the health care system 8 1/2, nine years ago was in a good place. but we can also make a strong case that obamacare has not been the solution. congressman mark walker of north carolina, appreciate your time this morning. thank you. my privilege. thank you. still ahead on morning joe, chief strategist steve bann nochlt takes his war on the establishment to arizona, apparently forgetting he used to work for goldman sachs. we ll explain when morning joe comes right back. ....
A complete terminal take-out. so i think it s important that there s a chip on the card that s encrypted, the large retailers have done a fabulous job on this. but i think we re beginning to see the embracing on the small business side. i notice the other day, when i went to the store, they wanted my card, and it s a different thing that you do. you just put your card in there because there is a chip. do you think this is going to be more effective at protecting people s information? 100%. we need to enscript the data at the point of sale. we need to have the chip on the card. that s the emv movement. but also everyone is securing their internal environments, also. so you know, you need chip, you need encryption, tokenization. it takes the consumer s card and encrypts it. we do that at the point of sale. so i think it s much better. and the movement has begun. but, it s a journey. and that, the security products that you have at first ....
Role but this report goes much deeper. let me ask you about the consumer. if people are spending a lot. that helps a lot with expanding the economy democrat have wanted to raise the minimum wage. if you raise the minimum wage, people are making more money and spending more. of course employers are paying more. what s your view on the minimum wage impact on consumer spending? it would be absolutely disastrous. your typical let s say your typical household 49%, 50% of people making minimum wage are teenagers. they live in a household with a combined income of 70 thowrges. 23 or 4 people in a house have a job. you take one of those people out, and that extra income will not make up the difference. that s on the consumer side. the small business side, which generates all of our job, the majority of our job growth, they can t continue, so now you have hurt them. have you hurt the root of our economy. once you hurt that then you get nothing right. how about this scenario? how about we ....
Role but this report goes much deeper. let me ask you about the consumer. if people are spending a lot. that helps a lot with expanding the economy democrat have wanted to raise the minimum wage. if you raise the minimum wage, people are making more money and spending more. of course employers are paying more. what s your view on the minimum wage impact on consumer spending? it would be absolutely disastrous. your typical let s say your typical household 49%, 50% of people making minimum wage are teenagers. they live in a household with a combined income of 70 thowrges. 23 or 4 people in a house have a job. you take one of those people out, and that extra income will not make up the difference. that s on the consumer side. the small business side, which generates all of our job, the majority of our job growth, they can t continue, so now you have hurt them. have you hurt the root of our economy. once you hurt that then you get nothing right. how about this scenario? how about we ....
But many of these small businesses are going to come out well ahead while being able, for the first time to give health care to their employees. they don t even know it. me think thou protest too much. the most bally hooked plan. the signature achievement of president obama s presidency and nobody knows about the good things. you have to admit, that s been the problem. the communications had been a disaster. this is where i fault the administration the most. they have not conveyed important things about the program. the tax credit is there. you won t disagree. it s there for small businesses so the scott, let me get back to you. watching this rally i always felt that one thing that could be relevant is the u.s. economy. we re seeing some good signs there but a lot of people feel the same way. if we get even a hiccup on the small business side, all bets are off. i agree, charles, and to rick0s point, a lot the small businesses because of the lack of communication maybe don t ....