No deal means an even bigger, more comprehensive deal down the road

Blame Senator Richard Shelby (R-AL) for scuttling this deal. His ilk have their minds in the age of the gold standard. (Read my previous post.) This deal may not have been the best, however, it would have helped confidence. I predict that market turmoil will continue and Main Street will feel it--HARD--which will ultimately bring a "New Deal" style of remedy in a new administration. Nothing will be done now, bu the pain will intensify in the short term.