Quote:
Originally Posted by Slava
Heres the part that I can't figure out though. If the teapartiers get their way and the markets react "unfavourably" (which is basically a foregone conclusion in my estimation) then how do you go back and explain that to the people?
If they essentially make a decision that rather than prudent cuts along with increasing the debt ceiling to get through things for a while, that the US should head back to recession and potentially a longer and more painful one then they really are dumber than I would give them credit for. How that position is tenable for even half of an election campaign is just so far beyond my grasp I suppose...simply bizarre.
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We don't know how much a government shut down will effect the markets. Also, if the tea party gets their way and cuts entitlements while reforming the tax code you might see some quick gains once an agreement is reached.
Anyways for the Teaparty House Representatives it is a matter of keeping their promise to the electorate.