Wall Street: GOP Obamacare Strategy Could Inflict Lasting Damage to the Economy

Funding fight on Capitol Hill continues

Senior Republicans believe they will be on stronger political ground if they allow a relatively clean bill funding the government to reach the president's desk and instead use the debt-hike battle to gut Obamacare.

That's a very dubious assumption.

Political analysts and market experts say this strategy could wind up doing lasting damage to both the United States economy and the GOP's national political standing.