Has Washington Gone From Gridlock to Paralysis?

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July 26 (Bloomberg) -- Bloomberg Government senior economic analyst Nela Richardson and Bloomberg Businessweek senior writer Paul Barrett explore the political climate in Washington as disagreement stifles even the most bipartisan of bills in the House and Senate. They speak on Bloomberg Television's "Bloomberg Surveillance."

Why is gridlock this time unique?

Gridlock is something went to parties have different views on the direction of the company.

But is always important the political process and democracy.

I will give you a new definition for political paralysis.

That is when there are good ideas on the table that people mostly agree with, immigration, gun control, the farm bill and you still cannot get the bill passed.

That is paralysis.

There is fraud agreement and still no action.

That is new to washington.

What's let's talk about the new proposal.

Increasing federal minimum wage, will this be a battle?

One of the reasons it is so attractive to the president is because it is something he can maybe do by himself.

John boehner cause of a jocular -- job killer.

It is easy to say it does.

There is research that says it does not.

Alan krueger of princeton university -- when you look at gridlock, can i just say a lot of americans think that is a good thing?

I think one of the things that is different right now is that there is a significant portion of a republican party that is not thinking about the substance of these issues very seriously at all.

They are posing -- opposing president obama across the board.

The minority leader mitch mcconnell has said that.

I think if we don't observe that and take account of that strategy, we are ignoring -- let's listen to that strategy in action.

The house speaker reacted to the president's economic speech this week.

Have a listen.

Our country has fallen into the new normal of slow growth, high unemployment and stagnant wages.

I think it is unacceptable.

The speech turned out to be all fizzle.

Were there any specific policies you think would be productive to deal with these issues of low wages and high unemployment?


We know what to do, we just don't have a political process to actually make it happen.

Tax credits to low-income workers, that is something that christine romer has been behind.

Job training programs have been effective.

We know what works.

It is getting it through congress that has been difficult.

The speaker mentions the new normal.

If the new normal is the gdp, we are not used to that.

Neither is washington used to european like growth.

Again, the question is where we started.

Hanging that on president obama -- they have to come up with activist policies.

There is massive disagreements on this.

That is a respectful way of putting it.

That is legitimate.

Another way of putting it it is we have a political line in washington that's on one side is attempting to make modest legislative advances and of the other side, you have fewer -- pure obstructionism.

He is saying we are not going to allow the president to -- is he going to allow the president -- republicans will be happy to have summers, in that case.

He is seen as the most acceptable nomination.

Are we going to have this conversation in four years?

In december of 2016, after the election, are you and i going to be having the same conversation?

I think we might, because scars run deep and washington has a long memory.

I don't think all this is reversible with a new president.

Some scars will remain.

To me, this is like the 1 890's. some of the problems we are confronting our a decade-long.

Even if we keep up the good pace -- this is going to be a problem with us for a long time.

Nothing in terms of immigration, we're still waiting waiting on that.

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


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