US is today preparing for Government shutdown. It is an interesting concept when the lawmakers will not vote to keep paying the staff. I cannot imagine in the UK for a minute how it would even be possible for the Government to stop paying the staff in the NHS, there would be a march on Parliament to burn the place down again.
America though, is a foreign land, and there the needs of party political point scoring rise even to the level of not paying peoples' wages. It is very peculiar and breaks the first and most important rule of business too, always pay the staff. So why he shutdown, well it comes down to Obama being a lame duck President without control over congress and so their being able to stop his key initiatives, such as Medical Insurance reform - Obamacare.
He is in the position of leading a minority Government in UK terms. All this will have the side effect of crashing the markets this week, how far I am not sure, but enough as the toppy markets are always looking in September and October for reasons for a nice old correction, prior to accelerating into the year end.
It is also interesting to see just how far Obama's star has fallen, the man is a fantastic orator but a poor decision maker and in many ways not even a very good politician. Ed Milliband should take note of Obama and also President Hollande in France; indeed I think he has already. He can see that making wild populist anti-capitalist statements can get you elected. I wonder though how he plans to change the end of the story, where the wild ideas prove impossible to implement and instead the populism dies?