Yesterday a Chinese credit rating agency downgraded the U.S. credit rating over “political deficiencies”.

It’s worth noting that this occurred prior to any government shutdown. A shutdown will of course further reduce the U.S. credit rating and likely have an immediate impact on interest rates.

I believe this is a case where the minority party actually has a better poker hand than the majority. 80% of Americans want the DACA issue settled. The question then becomes “who looks worse if the Dems take a stand on Dreamers and government shuts down?”

I think Republicans will take the hit.

The question is then, do Democrats have the cajones to risk public opinion on a shutdown? I’m not convinced they do. However, it would be a historic stand and the right thing to do. 3 days to find out. My money is on kick the can down the road on a short term resolution.