That’s not going to happen. By most estimates, the government shutdown and default threat have trimmed about half a percentage point from growth in this year’s fourth quarter. As a result, the year will end much as it began, with growth of around 2 percent at best, which is too sluggish to spur hiring, raise wages, reduce unemployment or boost corporate earnings.
Nor is there any reason to believe that the economic damage will simply reverse itself now that the government has reopened and the debt ceiling has been delayed. That’s because political brinkmanship sows uncertainty — and serial bouts of brinkmanship, which the United States endured at the end of 2010, 2011, 2012, and in the past few weeks, only prolong and intensify that uncertainty.
Consumer confidence dropped during the shutdown. And with the threat of another shutdown and debt ceiling standoff in early 2014, it is unlikely to rebound fully..."
[Just perhaps, we should say NO to those who would sabotage our national economy as a way of spitting in the eye of a political opponent?]