Government Shutdown Starts Today: Popcorn Rating, Zero

Mish

Ho hum. Another meaningless government shutdown started today.

A government shutdown starts today. The final tally on a stopgap budget motion at 1:30 AM this morning was 50-49 against. 60 votes were needed to end the debate

Five Republican Senators, Jeff Flake, AZ; Lindsey Graham, SC; Mike Lee, UT; and Rand Paul, KY, joined 44 Democrats voting no. Five Democrats voted in favor of the budget.

Meaningless Political Sideshow

Nothing will come of this even though ABC News proclaims GOP, Dems Show No Sign of Retreat in Shutdown's First Day.

Right around midnight, Senate Democrats killed a GOP-written House-passed measure that would have kept agencies functioning for four weeks. Democrats were seeking a stop-gap bill of just a few days in hopes that would build pressure on Republicans, and were opposing a three-week alternative offered by GOP leaders.

Democrats have insisted they would back legislation reopening government once there's a bipartisan agreement to preserve protections against deporting about 700,000 immigrants who arrived in the U.S. illegally as children. Each party believes it had a winning political hand, and the day's first words by party leaders underscored that so far, neither side believe it was time to give ground.

"The American people cannot begin to understand why the Senate Democratic leader thinks the entire government should be shut down until he gets his way on illegal immigration," said McConnell

Senate Minority Leader Chuck Schumer, D-N.Y., said voters will fault Trump and the GOP. He blamed Trump for reneging on a near-deal that Schumer said the two men had approached during a White House meeting Friday.

"Negotiating with President Trump is like negotiating with Jello," Schumer said.

The last shutdown came in 2013. Tea party Republicans, in a strategy not unlike the one Schumer is employing now, sought to use a must-pass budget bill to try to force President Barack Obama to delay implementation of his health care law. At the time, Trump told "Fox & Friends" that the ultimate blame for a shutdown lies at the top. "I really think the pressure is on the president," he said.

Hypocrites Abound

Recall that in 2013, Republicans said the deficit was too high. The deficit is not too high today even though tax cuts added another $1.5 trillion to the spending problem.

No Impact

The biggest impact in 2013 was a shutdown of the national park system. Imagine taking a vacation to see a park and having the park shut down.

Yesterday, the Trump Administration stated It’ll Run Shutdown Differently, Keep Parks Open.

"We are going to manage the shutdown differently," White House Budget Director Mick Mulvaney said in a briefing with reporters Friday. "We are not going to weaponize it. We’re not going to try and hurt people."

The Obama administration took a different approach in 2013, eschewing opportunities to make the shutdown "much less impactful," and instead opting "to make it worse," Mulvaney said. Any shutdown under President Donald Trump would "look very different," he said.

Popcorn Rating Zero

I snapped the popcorn image on my phone moments ago.

Don't bother popping corn while waiting for fireworks. There won't be any fireworks. Some agreement will come, likely sooner than later, but long before anything significant happens.

Any bond selloff over this shutdown is unwarranted.

Mike "Mish" Shedlock

Comments (22)
No. 1-22
Blacklisted
Blacklisted

Being ugly actors, career politicians are nothing but pretenders. The debt ceiling always get raised because no one intends to ever stop spending or pay off the debt. This is a fact, which is why we will crash and burn, and risk a mad max event, rather than govt looking in the mirror and reforming. Why not support an electronic barter system (cryptos) to efficiently circumvent such an outcome? What's the alternative?

Winston2018
Winston2018

The Dems will fold prior to the end of the month or the next paycheck that doesn't go out to military personnel will find probably hundreds of thousands of the them who live paycheck to paycheck unable to pay their rent at which point the Dems will find out exactly how popular they will be for placing the interests of illegal residents ahead of legal citizens.

Ambrose_Bierce
Ambrose_Bierce

The dirty secret to the shutdown is that both sides want it. and probably most Americans want it as well. Deficits are going to be out of control with the new tax cut bill, which means more of a chore to sell bonds to monetize growth (and with rates going UP!! OH MY) This is as close to a bipartisan moment as it gets. The Repubs always want to downside government, their defense in kicking the can is lame. Despite the misdirection about DACA the Dems will find time to talk about about meaningful budget cuts to the American people, they sure can't talk to Repubs. The shutdown is a good thing, ten on the popcorn meter before we're done.

Tony_CA
Tony_CA

I hate to break it to you, but deficits do not matter for the world reserve currency.

Winston2018
Winston2018

Since this shutdown will be so damaging for Dems if it's allowed to continued considering the pain it will cause legal citizens for the sake of illegals I'm sure that a vast majority of those affected by the shutdown won't go beyond lip service in supporting, I suspect it's exact timing is intended as a news diversion for the following. Hopefully, this will be released prior to the State of the Union address:

The Evidence Inside The “House Intel Committee Four Page FISA Memo”…
January 19, 2018

https://theconservativetreehouse.com/2018/01/19/the-evidence-inside-the-house-intel-committee-four-page-fisa-memo/

Winston2018
Winston2018
channelstuffing
channelstuffing

DC never ending pretend game,pretend to be fiscally responsible,pretend to a true con servative,pretend their's economic growth,pretending to buy time for what?

Carl_R
Carl_R

Tony_CA, I hate to break it to you, but deficits DO matter, even for the world reserve currency. Because the USD in the world reserve currency (for now), deficits have less impact, but in time, the US will pay a price for the deficits. Losing that reserve status, with the result of a dollar crash and massive inflation is one possibility. Another is for our foreign lenders to buy real estate instead of bonds, and then rent it back to us, at ever increasing prices. Either mean a dramatic decrease in standard of living. There is nothing good that can come of debt continuing to increase as a percentage of GDP.

stillCJ
stillCJ

Editor

As long as the Shumer Shutdown results in spending less and regulating less, I'm all for it. The really stupid thing is the dems are holding the spending bill hostage for a completely unrelated subject: making illegal residents legal so the dems can get more votes in the future.

2banana
2banana

@Sechel - Because that is not a deal or a compromise. It is a death sentence for republicans. DACA would add from 800,000 to 4 million new democrat voters. Republicans would never win the presidency again. What do the democrats give up?

There's clearly a deal to be had, Trump wants a wall, Democrats want DACCA,

Top-GUN
Top-GUN

Republs gave Demos a 6 yr extension of CHIP, a clearly UnConstitutional program BTW, so now what are Demos giving, apparently nothing, so now we wait to see how public opinion shakes out on this,, someone will eventually blink..

JonSellers
JonSellers

So, if the government is shutdown, does that mean no one gets their social security checks tomorrow? Is Medicaid shutdown? Are military bases being closed and the troops brought home? No? So why is this even news?

RonJ
RonJ

"I hate to break it to you, but deficits do not matter for the world reserve currency." I hate to break it to you , but there has never been a permanent world reserve currency.

stillCJ
stillCJ

Editor

Sechel you don't know the negotiating process very well. Previously the dems were in favor of the border wall; now that Trump wants it they're against it. Trump has given some ground on the DACA subject but the dems are not giving an inch. Making them all permanently legal and bringing in all their relatives is a non-starter for the repubs, as it should be for any American unwilling to commit cultural suicide like Sweden is doing. The dems still seem to think they can negotiate the Obama way: "My way or the highway", and weak repubs will give in. They need to realize there's a new sheriff in town, and the new one likes America.

ElPoquitoGrande
ElPoquitoGrande

Paaayyyyy attention to USSSSSS!

stillCJ
stillCJ

Editor

Yes Sechel the dems could easily agree with what the repubs want but they don't want to appear to give in to repubs and they are being completely unreasonable with their demands for unlimited immigrants. The majority of Americans do not support unrestricted immigration and the dems are going to get hurt .

Ambrose_Bierce
Ambrose_Bierce

The practical solution is to divide California into three states and give each of them two Senators. The electoral college is all that's holding the GOP together. When the government interned Japanese American citizens in W2, there were people who had been here 20-30 years without a path to citizenship. Mexican Americans who fought in Vietnam still carry green cards. The system has never worked for various political reasons, allowing them into the country and then denying them the full rights of other citizens is the American way, and for that call me UnAmerican.

Kinuachdrach
Kinuachdrach

Agreed -- no popcorn. Interesting part is that the extremists (or Democrats, if you prefer) are playing the same old playbook -- they (partially) shut down the Feds; the media (or Democrats, to be more accurate) blame the Republicans 24/7; and the spineless Republicans fold. Will that old playbook still work in an age in which the Mainstream Media (or Democrat activists, to be accurate) has lost most of its credibility & audience, and President Trump is not cut from the John McLain cloth?

Kinuachdrach
Kinuachdrach

There is room for a real discussion on the future of illegal immigrants brought to the US (illegally) by their parents -- something that balances equity & compassion for those young people with the interests of the US citizenry. How about DREAMERS with a clean record can get Resident Alien status (green cards) but with a lifetime exclusion from ever achieving Citizen status and prohibition from sponsoring other relatives as immigrants -- said status to be granted after the illegal immigrant parents who brought them to the US illegally as children have demonstrably left the US and taken up residence in another country; said parents prohibited from ever entering the US again. Sounds fair to me!

2banana
2banana

This is “compromise” to a democrat

Have obama just make up immigration law (with an EO) and ignore current immigration law passed by both the house and the senate and signed by a president.

Encourage more illegals to come. Encourage them to vote. Tell them the law doesn’t apply to them. That they are special. That they will never be deported.

Don’t change the law even when you have a democrat super majority in the house and a filibuster proof senate.

Yell racism if a new president actual tries to enforce the EXISTING laws on the books.

Scream for a compromise that will allow up to 4 million illegals to become citizens and vote democrat for generations.

Which, BTW, will mean a republican will never win the Presidency again and will never have a majority in the House or Senate again.

THAT is what a compromise looks to a liberal/progressive.

Trump gave the democrats six months to compromise. What would have it taken to get to a compromise? A WALL and citizenship that will take 20 years to attain. No chain immigration. No diversity lottery immigration. All pretty reasonable.

The democrats could have kept EVERY dreamer in the country. But they decided to shut down the government instead.

Now EVERY SINGLE ONE OF THEM needs to be deported and get in line and FOLLOW the LAW to LEGALLY immigrate to America.

stillCJ
stillCJ

Editor

Sechel if you think the whole scenario does not result in unlimited immigration, then you are very uninformed. Ever heard of the immigration lottery? And do you know once established here they can bring their relatives, and then the relatives bring relatives, and where does it end?

stillCJ
stillCJ

Editor

I guess CNN and MSNBC are not telling their watchers the whole story. Shocking!


Global Economics

FEATURED
COMMUNITY