Will It Be Deja Vu All Over Again in Budget Battle?

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Nov. 14 (Bloomberg) -- In today’s “This Matters Now,” Stan Collender, national director of financial communications at Qorvis, talks with Tom Keene about the battle to craft a budget for 2014. speaks on Bloomberg Television’s “Bloomberg Surveillance.”

This time it is different.

The collateral damage to business and economic growth can be profound as politicians begin the 2014 budget ballet.

What is different in january or february versus six months ago or six years ago?

First of all, six months ago happened.

We learned some things.

We learned some things and there are a lot of bad feelings, hard feelings.

What is different, the president's approval rating is down pretty substantially.

And also congress, nine percent approval rating.

So, you got that dynamic.

You had elections and you are closer to the next elections.

And what you have is a witch's brew of not really being sure of what will happen.

Several dates -- the summer 13th, the conference committee is supposed to wrap up.

January 15, the government could shut down.

January 18, another sequester.

February 7, the debt ceiling all over again.

What will be the dragon the economy picked?

Wal-mart sluggish -- italy and spain this morning.

How much the stan collender knockoff of american gdp?

The big thing will be consumer confidence.

What we saw in the last budget fight of a month or two ago, consumer confidence got completely hammered.

Is that really what you want to do going into the holiday season and the post holiday season?

Coming out of that with -- giving consumers one more reason to think policymakers do not know what is going on.

Why can't we get back to a sane discussion?

What is different about this breed of politician?

Do you blame the democrats, do you blame the republicans, or do you blame the mall?

First of all, i will give you a particular perspective that will give -- get some of the view was angry.

I think it is more on the republican side of the democratic side.

You have the tea party situation that does not exist in the democratic side and you have redistricting that made republican districts not just republican but safe republican.

They are trying to appeal to a narrower group of folks in the primary.

What did the tea party learned in the last fiasco?

It is not clear they learned anything.

What typically happens with the tea party is the double down.

They say, it is because we were not conservative enough.

We compromised too early.

Compromise is seen as cooperation with the enemy.

Did you like the francis bacon painting of you?

The only problem i had, it did not add to gdp.

We will talk art on "bloomberg surveillance."

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


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