It’s no secret that Wall Street is a very emotional place. It’s also no secret that Washington D.C. politicians love to be theatrical. This is what I would call a recipe for disaster. Before congress finally passed measures to raise the debt ceiling, I knew that they would. In fact most of us knew they would reach some kind of deal. Unfortunately the histrionics surrounding this deal has left a bad taste in a lot of peoples mouths. Investors are skittish and corporations refuse to hire people. The national credit rating has also been downgraded. This may not seem like a big deal now, however when our government sees it’s interest rates go up there is going to be hell to pay. Regrettably we will be the ones who suffer. The debt ceiling amounts to a tragic tale indeed.
I think the Subhumans send it best when they said
“The purity of comedy
They had to take it seriously
Changed the words around
Tried to make it look profound
The comedian is on stage
Pisstaking for a wage
The critics think he’s great
But the laughter turns to hate”
Washington must learn that the eyes of the world are on them. As such they should act accordingly. All of this talk about a default made too many people nervous. I fear that we will probably face another 2008 style crisis by the end of the year. If our politicians do not abstain from irrational bickering and bravado, they may be performing theater in ruins not unlike those pictured above.
What do you think America. Please spread the word about this blog, and feel free to leave a comment.