Shutdown Ends in Ceasefire
Midday Monday marked the end of a government shutdown. Congress voted the end of it, approving a short term bill on immigration. Democrats lowered their arms, only slightly appeased by promises by Republicans to broaden the debate on immigration. Government will resume normally on Tuesday morning. It will remain open unconditionally only until February 8th, however. After that, Democrats and Republicans will have to sit down again to discuss their issues.
What’s the Problem?
The issue largely remains intertwined – budget and immigration policy. The reason for this is because Congress did not approve a full budget by the deadline, which passed on October 1st, 2017. The reason for this failure stems largely from an announcement made by Trump prior to deadline. He announced the end of an Obama provision (surprise, surprise) that caters to young immigrants. Such immigrants were affectionately dubbed “Dreamers.”
Taking advantage of the failure of budget committed by Congress, Democrats withheld support for a stopgap spending bill to extend government spending authority. This led to a shutdown, which turned into a “he said, she said” battle, complete with Trump’s running Twitter commentary.
At the crux of it, Democrats are upset by the dismissal of the Deferred Action for Childhood Arrivals (DACA) program. This program offers nearly one million young people, who arrived in America from Mexico or Central America, as children.
DACA gave them a fighting chance to stay in the country. Trump made that future look bleak. Democrats wouldn’t stand for it.
Bad Look on Trump
Trump prides himself on negotiating deals. Frequently shaming Obama in his first term for a shutdown in 2013. At the time, Trump’s tweet read,
“Whatever happens, you’re responsible. If it doesn’t happen, you’re responsible.”
He targeted this at Obama’s leadership. Can we say the same for him?
Economy A Possible Target
It will remain vital to keep a close eye on the economy for the next few weeks. A shutdown can have severe impact on the economy forecast. A 3 day shutdown can have as much as a 1.75% decrease in forecasts for 2018.
Apart from that, America will continue to remain under strict scrutiny at the World Economic Forum, as well as its ongoing negotiations with several countries.
A country’s economy depends very much on the faith it instils in its own people, and on the world stage. This past weekend, Trump failed to instil much faith at all.
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