My Take - Cost of Shutdown - WAFF-TV: News, Weather and Sports for Huntsville, AL

My Take - Cost of Shutdown

If you are not sure who the winners or losers of the Government shutdown drama were, you are not alone. A financial services report stated the shutdown took $24 billion out of the U.S. economy, and reduced projected fourth-quarter GDP growth from 3 percent to 2.4 percent. Hundreds of thousands of federal workers bore the economic brunt of the shutdown. But small businesses also suffered from frozen government contracts and stalled business loans. Tourism suffered from closed national parks, and military families had to cope without childcare and other services. Federal workers will receive back-pay, but contractors will probably not get their lost wages. The stall in cash-flow could affect spending during the holiday shopping season. And with the deal only guaranteeing government funding through Jan. 15, the situation could grow worse.

And that again could influence consumer confidence. I'm Vanessa Oubre that's "My Take" what's yours?

If you'd like to respond to this editorial email mytake@waff.com.  Please include your name and the name of your town in your response.

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