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Monday, September 23, 2013

Business, banks, Wall Street and the people, all against a government shutdown


Other than the extreme Right Wing of the nation, it seems most have lined up solidly against any government shutdown--most of the people, the business community, the banks and Wall Street:


Concerns about the strength of the economy and the potential for a budget fight in Washington pushed down the stock market Monday...

...The threat of a looming political showdown over the budget also weighed on investors.

The U.S. House of Representatives voted to defund President Barack Obama's health care law on Friday, a gesture that reminded Wall Street that the Republican-led House and the Democratic-controlled Senate are poised for a showdown over spending.
 
The debt ceiling must be raised by Oct. 1 to avoid a government shutdown, and a potential default on payments, including debt, later in the month.
 
"There seems to be a higher probability there will be more of a battle over that," said Scott Wren a senior equity strategist at Wells Fargo Advisors. "That could inject some volatility into the market."
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No one, no one wants a government shutdown except, again, the extreme Right Wing and uber-Conservatives and the extremists of the Republican Party, including and likely especially the Tea Party members.

There's nothing good--and a lot of bad--that would come with such an extreme, unnecessary, utterly avoidable and irresponsible move.


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