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Luca Pietro on Government Shutdown

Luca Pietro

Government Shutdown

Claims and stances

Transcript

  1. 0:00 Typically government shutdowns don't result in that much of a change on the economy.
  2. 0:06 Um I think over the past few government shutdowns, and maybe even all the government shutdowns of all time uh have really had a net effect of zero to the economy.
  3. 0:15 Um but that's typically due to the short-term aspect of these government shutdowns and the fact that people get for furloughed and end up uh getting payment for their jobs in the future.
  4. 0:27 This government shutdown, however, is different because a lot of jobs are in question of whether or not they'll be here in a few months or in a year or so.
  5. 0:35 Um so it's pretty interesting to see that the Trump administration has put this emphasis out that the jobs that are out right now within the government, some of them might not come back.
  6. 0:46 So there needs to be some sort of revisions within the budget uh to satisfy both the Republican and Democratic Party, but uh it doesn't look like we've made any progress on it thus far, and the government's been shut down for just over a week now.
  7. 0:59 So it's a little bit concerning to see.
  8. 1:01 However, looking at the historical factors of government shutdowns, it really hasn't had an effect on the economy.
  9. 1:08 But we'll see about this one.