Who Cares?

Apparently the unresolved back and forth between House and Senate concerning the  ‘Obamacare’ bill in the run-up to the debt ceiling cut-off date on October 17 will lead to what is breathlessly referred to as a ‘government shutdown’ in the media. Wish that it were so, as an actual shutdown would have the salutary effect of demonstrating that very few are going to particularly miss the government.

In fact, one wonders why the recent stock market decline is blamed on this looming shutdown (which essentially consists of the cessation of ‘non-essential services’. If they are ‘non-essential’, why do they even exist?). Stock market participants should be glad that government meddling in the economy might be temporarily interrupted.

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