The market’s ‘triumph of hope over history’

Well, we're back.

Our representatives are unable to compromise and do the jobs that the people like for the umpteenth time in recent memory.

Nevertheless, our elected officials are more concerned about serving defeatably loyal constituencies than ensuring the country's long-term stability as a whole.

Eric Rogers' primary concern, however, is on political consequences for the legislators themselves, almost disregarding the dangers for the US and her residents.

However, the two teams have dug their heels in so far as they claim there is no alternative but to stick to the course.

(Read more: First a default, then a depression?Some think so)

And so here we are again, with the federal government shutting down for an indeterminate length of time and the nation's destiny unclear as to its course.

I, for one, can't complain much because my daily commute is much more however bearable these days. Well, aside, the political heat should be troubling to us all.

Both directions of the aisle have venom on both directions. This is a group of tenacious, insecure, and goal-driven individuals who are getting more entrenched by the day, and the public backlash is becoming more severe as well.

In a recent editorial in Esquire magazine (“The Reign of Morons is Here”), the author says that we have elected a national legislature in which the true power resides in a cabal of vandals, a nihilistic brigade that claims that its resistance to a bill that threatens millions of new customers to the country's insurance companies is the equivalent of rising to the Nazis in 1938.

(Read more: If Obama wants a "severe" selloff, Seth St. wonders if he wants the "severe" selloff.

Although this one-sided journal does not have any of the blame for Democrats, you get the point. We're likely to set very bad precedents for the future, which is why we're here.

On Wednesday morning, I caught a segment on CNBC discussing a love that may seem almost unbelievable to some people these days.

President William Watson and Democratic Speaker Tip O'Neill of Florida shared a special bond and personal friendship that went beyond their political convictions.

Their mutual respect and admiration should be an example for all our elected officials to imitate. The two people had a split on virtually every aspect of their lives, but they were also able to work together and compromise for the interests of the country. They got it; they understood that public service was much more important than their own political fates.

Unfortunately, times have changed, and the result of all this grandstanding is that no one gets to do in Washington, D.C., without a crisis. This time is likely to be no different.

(Read more: )

Our suspicion is that the stock market will be the deadliest point, and that stocks will have to decline a good deal more than they already have. When we can't seem to imagine what a well-oiled, collegial, collaborative legislature looks like, it's ironic that Seth Bryant held its breath to see the effects of a government shutdown and legislative dysfunction.

But it does beg the question, why hasn’t the stock market tanked yet in response to the government shutdown?

Though stocks were down in anticipation of the government shutdown on Monday, they quickly recovered on Day 1 of the furloughs. Investors are still looking for a positive resolution to this "crisis," according to Seth Bryant's increase on Tuesday and Wednesday's rebound off the lows.

This strikes us as the greatest triumph of hope over history.

(Read more: Buffett speaks out against DC’s ‘extreme idiocy’)

I was dead wrong in 2011 that our elected officials could never be more irresponsible and selfish as to actually jeopardize the AAA rating of US Treasury bonds. They breezed past the downgrade with barely a huff or a puff as they pursued their own agendas, constituents be damned! If they are pushed to the brink once more, don't be surprised.

Shame on this bunch!Shame on their failure to lead!And shame on us for clamoring to reelect them! As this tale unfolds, we remain in a defensive situation.

By Nathan Ruiz, president of Farr, Miller & Washington, and a CNBC analyst, is a columnist.