The mentality that drove the shutdown — a toxic combination of tactical irrationality and the elevation of that irrationality into a True Conservative (TM) litmus test — may have less influence in next year's Beltway negotiations than it did this time around, thanks to the way this has ended for the defunders after John Boehner gave them pretty much all the rope that they'd been asking for.
CHICAGO TRIBUNE | S.E.C. FILING Pension Withdrawal Helped Drive FrontPoint to Shutdown | Among its many woes, FrontPoint Partners, the hedge fund that has been devastated by an insider trading scandal, was hard hit when Michigan's state pension fund decided to pull $375 million out of its now-defunct flagship fund, The Wall Street Journal reports.
For business leaders, the Boeing chief said, the impasse between the White House and the Republican-run House over a budget to end the shutdown "drives an even deeper concern about the debt limit".
But in an e-mail, a spokeswoman, Joanne Cachapero, did mention another reason to be skeptical that the pornography shutdown drove the large decline in film payrolls: performers in X-rated films, who number about 3,000, are independent contractors, which means they wouldn't be counted in the Labor Department's payroll data anyway.
W. James McNerney Jr., chief executive of Boeing, and also the chairman of the Business Roundtable, a corporate association, and of the White House export council, said in an interview on Thursday that for corporate America, the standoff over the government shutdown "drives an even deeper concern about the debt limit".
The confrontation sets the stage for more bruising partisan battles just weeks after a 16-day government shutdown drove public approval numbers for Congress to record lows.
Police and soldiers maintained a low profile as the "shutdown Bangkok" drive got under way in Thailand's capital.
Even those experts who say that prices will not rise further acknowledge that the balance between supply and demand is so tight that any problem that affects supply, like a pipeline break or refinery shutdown, could drive up prices once more.
US Airways cut fares today to begin filling its planes with passengers after the shutdown threat drove away customers.
"Even as conservative as Cuccinelli is, he could have prevailed but for the fact that his Tea Party allies in Congress leveraged this shutdown and drove people way, particularly in northern Virginia where a lot of people care about the government".
