(FT) Analysts see US crisis deferred not solved

Standard & Poor’s is only raising half a cheer at the deal:

“We believe that to date, the shutdown has shaved at least 0.6 per cent off of annualised fourth-quarter 2013 GDP growth, or taken $24bn out of the economy.

“The short turnround for politicians to negotiate some sort of lasting deal will probably weigh on consumer confidence, especially among government workers that were furloughed. If people are afraid that the government policy brinkmanship will resurface again, and with it the risk of another shutdown or worse, they’ll remain afraid to open up their cheque books. That points to another Humbug holiday season.”

Read it all (if necessary another link is there).


Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Budget, Economy, Health & Medicine, House of Representatives, Medicaid, Medicare, Office of the President, Politics in General, President Barack Obama, Senate, Social Security, Taxes, The National Deficit, The U.S. Government, The United States Currency (Dollar etc)

One comment on “(FT) Analysts see US crisis deferred not solved

  1. Cennydd13 says:

    I doubt very much that we Americans are going to stand for another such display of cynical attitude on the part of those whom we elect to represent us. They need to be reminded of who it is that they work for and from whence the money for their paychecks comes. Perhaps letters to our senators and representatives to serve as reminders would be appropriate. My letters to Senators Boxer and Feinstein will be in tomorrow’s (Friday) mail. And ditto for Rep. Tim Costa.