(FT Long Short Blog) Why the U.S. government shutdown (probably) matters little

1. The shutdown is unlikely to last long. In the past government shutdowns typically lasted a few days, with the most being 21 when the Republican Congress, led by Newt Gingrich, took on Bill Clinton in 1995.

This stance defies logic. If the reform law is so flawed, why not try to make it better? Why not wait till the law takes full effect and its failure becomes obvious, at which point it could be repealed through less destructive means””without endangering the entire economy?

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Posted in * Culture-Watch, * Economics, Politics, Consumer/consumer spending, Corporations/Corporate Life, Economy, Globalization, House of Representatives, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Office of the President, Politics in General, President Barack Obama, Senate, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government