MKM Partners' Charles Campbell Sees Republican Misstep Urging Gov. Shutdown

MKM Partners executive director Charles Campbell came in with strikes while highlighting the Grand Old Party's mistake in aiming to defund the Patient Protection and Affordable Care Act and the economic impact of a government shutdown on CNBC's Squawk Box Friday morning. "The market is used to dysfunction in Washington and the lack of cooperation amongst lawmakers. That's why the S&P 500 is within only a couple of percentage points of its all-time nominal high. However, as the clock ticks, and a continuing resolution is not found, the chances of a government shutdown, even for partial nonessential services, increases," said Campbell. "And as that continues, and shutdown of services persists say for several weeks, that has negative implications for not only GDP for the fourth quarter, but also for consumer confidence, and also the ability to attack the more important issue of the debt ceiling." Related: Market Primer: Friday, September 27: US Budget Showdown Outweighs Positive Data Campbell's dissatisfaction doubles as warning that oozes with simple logic. The costs are high, Campbell displayed, citing a misallocation of resources and loss of productivity when gambling with a government shutdown. "If you or I were in the position that the elected officials are, and we behaved the way they do, we would basically be summarily fired from our jobs," said Campbell. At the time of this writing, Jason Cunningham had no position with the mentioned entities. Visit Jason on Twitter @JasonCunningham.