Washington is fighting. Nothing too new there. Call it almost business as usual. Republicans and Democrats not seeing eye-to-eye. No big deal.
But this time it's gone a bit farther, and for the first time in 17 years we have a shutdown. But that's not too earth-shattering. It's happened before and will probably happen again. What's the concern?
The concern is that Big Business relies on the GOP to protect them. To fight all regulations and allow them to run wild in the streets. In return the Republicans are given money for their campaigns. It's a vicious cycle and one that costs the middle class both fair representation and money.
What has changed and the president made it clear in his Thursday meeting with titans of big business in a private White House meeting, is in the recent past, there was a spokesperson for the GOP, someone who represented their unified party.
That no longer exists -- it's like trying to negotiate with a foreign government in the middle of a civil war. Who really represents the country -- or in this case, the party?
We know who it isn't. It's not John Boehner. It also isn't Mitch McConnell who wasn't even allowed to speak after the closed door session with the leaders of both houses in the Oval Office.
On appearances, there's Senator (Rafael Cruz) running the House of Representatives, and a small faction of the House majority party. At the same time he's being shunned in his own chamber, the Senate. His objective appears to be destruction of the United States. Total anarchy. It's the asylum being run by the insane inmates and there's no one to negotiate with. Certainly nobody sane.
Under this uncertainty, Big Business can't thrive. So they're switching beds. They're leaving the comfort of their money stuffed Republican mattresses and coming over to sleep with the Democrats. It's an uneasy alliance at best, but until the Repubs can get their House in order, the certainty, and the will of the people, is being represented by Obama and the Democrats.
Here's how PBO put it to CNBC's John Harwood. It's the same dire warning "O" gave big business. The first day of the government shutdown, the market dropped. The second, a day after meeting with the president, the market's crashing big time. So fear has gripped Wall Street. It should ripple and reach the Republicans soon -- or they won't have two nickels to rub together come next election. It seems this assessment is enough to leave more than the president "exasperated."