Reply to How long will the shutdown last?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Even the media is now bored with this story. First missed paycheck, and very little reporting. All the coverage is now about the kidnapped girl in Wisconsin and winter weather, and the markets have had their best January start in years. Looks like there is very little pressure for this to end anytime soon. [/quote]

The shutdown is obviously not going to end today.

The media has tried, with reports of FAA not inspecting planes, HUD evicting poor people, FDA not inspecting food, Joshua Trees being cut down, missed paychecks, sad federal employees and contractors.  So far it hasn't worked.

They'll try again over the weekend and next week.  What even more dire, hitherto unimagined, catastrophes will strike?[/quote]

The truth is, for most ordinary Americans and those outside the DMV, there is very little impact or sense of urgency. Of course there are federal workers in other places, like the TSA, et cetera, but most Americans have little daily interaction with those folks. Ending the shutdown has proven not to be a political necessity for either party, and the longer it drags on, the harder it will be for either party to concede defeat and end it. What a mess. [/quote]

What are you talking about? This is trickle down. If someone can't make rent, that effects landlords. 
Can't afford go dinners - local restaurants
Childcare providers, kids extra circularize activities...
Long term this is a disaster for our economy. Just more mess for the Democrats to clean up once Trump leaves.

[/quote]

Yes, yes, but the point is, 800,000 is just not enough to tank our economy, even with trickle down. I think the media and of course federal works thought and hoped there would be a larger impact, but three weeks out we see that there is not. The fact that our stock market is up day after day in January proves that Wall Street is not concerned, and the President has clarified that there will be no impact on tax refunds. So while there is pain and suffering out there, it’s very much localized. The DC real estate market, on the other hand, is another story entirely, and I do think we will see some effects there even once this is over, as federal workers realize just how vulnerable they are and hopefully take a more cautious approach going forward. At least there is plenty of discussion of emergency funds and related issues in the money forum. [/quote]
Now that the first paycheck has been denied to fed workers, I wonder how much you will start to see it affecting the overall economy? People can't pay Xmas debts, rents won't be paid, etc. In addition, things take time to shake out. For example, the USDA isn't doing food inspections. You don't necessarily have problems for a couple weeks while the food makes it way through the chain to the consumer.[/quote]

Most people’s rent and utilities and mortgages are due by the first of the month. So everyone already had to pay for January. I don’t think you see that sort of impact until February’s rent/mortgage/etc. are due toward the end of January. Sure, some people aren’t going to pay their credit card bills from holiday spending, but who does that directly impact other than the debtor himself? The credit cards prefer when you don’t pay so they can start charging interest and penalties. [/quote]

I don't think you understand what "paycheck-to-paycheck" means.  [/quote]

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