Varney: ObamaCare Delay Would Be Seen as Good Economic News on Wall Street

‘Any kind of delay will be as taken as good news for the economy’

MACCALLUM: "You know, I heard a lot of people over the weekend, and everybody's having mixed reactions to this whole thing. But some people definitely said, 'well, you know what, if it is delayed, it could be a good thing.'"
VARNEY: "That is the case. If it were delayed, let's suppose that we delay the individual mandate for one full year, put it off for a year, or even if we enhance, and extend the enrollment period, any kind of delay will be taken as good news for the economy because people, employers will be more willing to hire. And you take that extra burden of higher health care costs off america's middle class. So any hint of a delay, and that's what you're getting now, is positive for the overall economy. By the way, Martha, the stock market will open a little bit higher this morning, a little bit higher because of these hints of a delay in ObamaCare, and because the weakness in the economy now means that Janet Yellen, and the Federal Reserve, will keep on printing dollars. But you have this extraordinary position of ObamaCare falling to pieces, absolute chaos, and yet the stock market opening this morning a little higher, within 100 points of its all-time record high."

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