The whole thing looks like a way to sell t-shirts. So some groups, like the conservative Heritage Foundation, insist even a prolonged shutdown is nothing to worry about. Another reason Wall Street is ho-humming the threat of a shutdown involves the sequester. This was supposed to be a terrible thing, a slow motion train wreck. But most businesses aren't noticing it. It's cutting economic growth, but most businesses aren't directly impacted so, again, we don't see a wolf. That's partly because the most noxious cuts, like the lay-off of air traffic controllers, were averted. You can still fly from LaGuardia to National Airport for lobbying, so what's the problem? The problem is that the economy is stagnating. Consumer confidence is down. Housing sales are down. Yet even that seems to have a silver lining, as it means the Federal Reserve may continue quantitative easing.
I think the threat of a shutdown should be easy for Wall Street to avert. If the funders of the Republican Party seriously threaten their Congressmen and Senators with a funding shutdown, or threaten to give to (gasp) Democrats, I think the problem would go away. But that call hasn't come. And, again, I suspect an increasing number of Congressmen would see even that threat as a cry wolf moment. Because Wall Street would never do that. Wall Street would never cut off the money spigot to Republican campaigns. Wall Street is as devoted to the cause of less government as Ted Cruz, and the only difference is tactical. In the end Wall Street has nowhere to turn. Who are you going to give your money to, Republicans ask. Bernie Sanders? Elizabeth Warren? Hillary Clinton? So this government shutdown will happen, and we'll see what the damage is. The sequester will certainly continue, and in time we'll see what the damage is from that, too. The next move of the market is down. But until that market move is tied to Washington directly, and Wall Street starts screaming in pain from it, the wolf will just keep eating. At the time of publication the author had no position in any of the stocks mentioned. Follow @DanaBlankenhor This article was written by an independent contributor, separate from TheStreet's regular news coverage.