The Briefing Room
General Category => Politics/Government => Topic started by: ABX on September 26, 2013, 04:51:36 pm
-
(http://s.wsj.net/public/resources/MWimages/MW-BL912_SP500__ME_20130926083033.jpg)
...He notes that the peak-to-trough decline associated with the shutdown of the U.S. government between Dec. 16, 1995 and Jan. 6, 1996 saw the S&P 500 drop 3.7%, “only to witness a jump of 10.5% in the subsequent month.”
http://blogs.marketwatch.com/thetell/2013/09/26/heres-what-happened-to-the-sp-500-last-time-the-government-shut-down/?link=sfmw_fb
Also a reminder, when the government shut down in 1996, the same scare comments were used but it led to a balanced budget that those who were beating the fear drum, then took credit for. (cough, Bill Clinton, cough).
Don't be afraid of a government shut down if it forces the budget to balance. It is the ever expanding debt we should fear. Support the shutdown.
-
and we elected two Republicans to the senate that year. Clinton won because Dole was ....... well Dole.