Peter St Onge Podcast Ep 142 Weekly Roundup: Shutdown Crushes Democrats
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Oct 13, 2025 This week dives into the political fallout of the government shutdown and how it shifts blame toward Democrats. An exploration of the permanent job cuts that could arise from the shutdown highlights its long-term implications. The discussion also critiques Obamacare's failure to control costs, affected by lobbying. Turning to Japan, populism emerges as a response to security concerns. Finally, a shocking statistic reveals that American incomes have stagnated for 25 years, raising urgent questions about potential solutions.
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Shutdown Benefits Republicans Politically
- The shutdown is hurting Democrats more than voters because Trump targeted unpopular spending while keeping popular services running.
- Prediction markets and layoffs odds show Republicans gaining politically and fiscally during the shutdown.
Voter Backing Hardens GOP Resolve
- The shutdown has hardened Republican resolve because voters now back keeping the line against additional spending.
- Market indicators show rising odds of longer shutdowns and permanent federal layoffs.
How Obamacare Strengthened Cartels
- Obamacare failed to bend the cost curve because industry lobbyists reshaped it into a gold-plated cartel.
- The law increased consolidation, administrative burdens, and pushed small providers out, raising consumer costs.