Doomed to Repeat History: Visions of 1995 Shutdown

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Oct. 2 (Bloomberg) -- In today's "First Look," Bloomberg's Sara Eisen highlights the photos illustrating headlines from around the world. She speaks on Bloomberg Television's "Bloomberg Surveillance."


Going old school.

Tom, you will love this.

Back to 1995, the last time the government shutdown.

President bill clinton us -- faced off with a republican congress led by newt gingrich for 28 days.

Here is the speaker trying to explain his criticism of medicare spending.

I remember that night in 1994 when the republicans took over, the only one who covered it was cbs.

It was like not a big deal night.

No one expected to republicans -- the republicans to win.

The only one who had it was cbs.

The intersection of health care budget issues, the same thing.

We've got another one of the national debt clock in manhattan on 6th avenue taking away.

It was paused during the shutdown, it stopped around $5 trillion with a family share of 64,747, now when you close to 17 trillion.

Didn't -- did they have to turn it off for a while?

It went dark a couple of years.

The president and vice president gore sitting down with newt gingrich and robert dole to negotiate.

Simpler times.

Could you imagine it now?

A great shot.

No smartphones in that picture.

The upshot politically was great for president clinton.

His approval ratings soared.

Speaker gingrich referred to the shutdown as the single most affordable mistake as speaker.

-- avoidable mistake as speaker.

But this was a different time.

Ali's influence is important here because this time we have google, facebook, message me, we have all of these mobile applications.

We have proliferation of cable channels.

We have so much more communication technology.

I think it makes it more explosive.

One reason why this time is different.

Coming up in the program, we will talk about your world.

First it was myspace and facebook.

The next big social media trend, messaging, big money here.

That is coming up on "bloomberg surveillance" on bloomberg television, streaming on your tablet, phone, and . ?

This text has been automatically generated. It may not be 100% accurate.


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