Hello?

[rhu]

The press coverage of the Congressional impasse seemed to say that among the reasons for the delay in coming to a resolution was Rosh Hashanah.

That ought to be ridiculous. There's no reason why Jewish Members of Congress couldn't arrange for a vatikin service at sunrise, be done by 9:30am, and get to work.

Comments

Re: Surely you're not saying that...

[sethg]

More immediately, state and local governments have discovered in the past few weeks that they couldn't float bonds to cover routine projects like road construction. (Well, I suppose they could have sold the bonds if they were willing to offer credit-card-like interest rates.) So the crisis is hitting "Main Street" already.

Re: Surely you're not saying that...

[530nm330hz.livejournal.com]

Indeed, there was an item in yesterday's WSJ about a concrete manufacturer who was shutting down their factory and laying off 100 workers because they have no orders for the next six weeks.

There was also an item about 1,000 colleges who are facing shutdowns (as in send the kids home 'cause we can't pay the teachers) because their operating monies are in a T-bill fund a Wachovia, and although the money is 100% safe it's now frozen for the next three to six months. (That may now be moot with the Wells Fargo/Wachovia deal superseding the one with Citigroup and the FDIC.)