The Blog

Panic on the Street?

9:19 AM, Oct 1, 2013 • By GEOFFREY NORMAN
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

In Washington, the wail of voices crying "shutdown" is so loud one can hardly hear anything else this morning.  But the further away you get from our panicked capitol, the less alarmed people seem to be.  On Wall Street, before the opening, Bloomberg headlined that:

U.S. Stock-Index Futures Advance Amid Government Shutdown

Wall Street no doubt understands that what is happening in Washington bears the same relationship to a "shutdown" that the Affordable Health Care Act does to "affordable" health care.  The words are meant to obscure and distort, not to clarify.

Recent Blog Posts

The Weekly Standard Archives

Browse 19 Years of the Weekly Standard

Old covers