The government shutdown was basically over nothing

Was the Sturm und Drang worth all of the trouble? No, no it wasn't.

Barricades down
(Image credit: (AP Photo/Susan Walsh))

The list of what America lost during the government shutdown, which ended shortly after midnight with a pen stroke from the president, is long.

The U.S. economy took a $24 billion hit, according to Standard & Poor's, with predictions for fourth-quarter GDP growth falling to 2.4 percent, from 3 percent. The country's credit rating remains intact, but its status as a global guarantor of financial stability has been shaken, with foreign creditors like China calling for a "de-Americanized world."

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Keith Wagstaff is a staff writer at TheWeek.com covering politics and current events. He has previously written for such publications as TIME, Details, VICE, and the Village Voice.

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