Political watchers are flummoxed on the liberal news channels of CNN and MSNBC on why stocks soared in the first week of the government barely idling itself, but those left-wing analysts fail to recognize that their woefully inadequate ideology actually destroys jobs and limits economic growth. Government has expanded so much under President Obama's liberal agenda, and regulations have increased so far-and-wide, that to have just 17% of the U.S. government cease working is like applying cold water to a sunburn.
The Obama Democrats wanted to scare people, and they claimed that damnation and locust would come when the Sequester went into effect, but that too was exposed as ludicrous propaganda. Now this very small federal shutdown - and Mr. Obama's pitiful scare-mongering - will also be shown as a big 'whatever'. I don’t have time today to discuss the sickness of the President of our country trying to scare and manipulate American’s by shutting out veterans from their memorial and denying money to the families of fallen soldiers. What the markets really seem to care about at this point from Washington is the debt ceiling, not whether 400,000 federal employees are on-the-job.
Social Security checks will still be mailed, the active military will still be paid, Medicare and Medicaid will still be spending all the money, and the IRS will still be looking for more taxes to collect.
It would be a magnificent mistake if Republicans buy into the media's manufactured hysteria over this 17% temporary shuttering of federal operations. Most of America simply does not care, and the stock market, well, markets love it when you reduce uncertainty and run things fiscally responsibly.
At this point Republicans should not capitulate to the Democrats' demands, and give willy-nilly what the Democrats' public employee union bosses want. The American people can put up with a few federal park closures (how many will just jump over the sign anyway?), or Twitter.com having to delay (perhaps) by a month its IPO, in exchange for a bargain that scales back the economically destruction of ObamaCare and gets our government's spending under control.
The Democrats have shown themselves in the debate with Texas Senator Ted Cruz - in which they refused to let him add even the most minor of amendments to ObamaCare - and also in refusing to accept the rather moderate provisions of the House government funding proposal - to be outrageously stubborn and openly anti-negotiation. It is appropriate behavior for a political party that has a Donkey as its mascot, but it is not behavior that Americans should reward at all.
So far stocks don't really dislike the shutdown, and I don't either.
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