The consequences of the shutting down the government

[zipman]

The budget stalemate that had the U.S. flirting with default has left business and the Republican Party, longtime political allies, at a crossroads.

In interviews with representatives of companies large and small, executives predicted a change in how business would approach politics. They didn't foresee a new alignment with Democrats but forecast backing challengers to tea-party conservatives in GOP primaries, increasing political engagement with centrist Republicans and, for some, disengaging with politics altogether.

Many business executives say they were dismayed that some Republicans didn't heed their warnings that closing the government and risking default would hurt the U.S. economy. Others expressed disgust with Washington politics in general. All said the crisis could have been averted with a more pragmatic approach.

The decades long relationship between American business and the GOP is certainly likely to endure, with business still feeling a kinship and shared goals with many in the party, including a push for lower taxes and lighter regulation.

But the conversation among businesses is "characterized by tremendous frustration and angst," said Dirk Van Dongen, president of the National Association of Wholesale-Retailers, a trade group. "Because at the end of the day, the system is supposed to produce results, and the failure to produce results has consequences."

The episode has prompted top business lobby groups, including the U.S. Chamber of Commerce, to consider taking sides in Republican primaries next year in hopes of replacing tea-party conservatives with more business-friendly pragmatists.

http://finance.yahoo.com/news/business-voices-frustration-gop-004200665.html

 

[Peregrinator]

Bump.

 

[ms_ann_thrope]

If I were a republican, I would just give up.

 

[zipman]

The next election should be interesting.

I don't think this one is going to blow over quite as easily as the tea party would like.

 

[JackLuis]

Standard and Poors estimated that the shutdown cost the economy $24 Billion and somebody is not going to like loosing money.

 

[KingOrfeo]

The next election should be interesting.

I don't think this one is going to blow over quite as easily as the tea party would like.

Especially as everything is video-recorded nowadays. The Tea Party legislators' Dem and moderate-Pub challengers will have plenty of juicy, devastating clips to use in their campaign ads. They need not even be clips of the legislator in question saying or doing anything, just so long as it's somebody in the Tea Party Caucus.

 

[KingOrfeo]

Standard and Poors estimated that the shutdown cost the economy $24 Billion and somebody is not going to like loosing money.

Therefore the Tea Party can't expect such generous funding in 2014 as it has enjoyed in the past, either.

 

[Joeybagadonuts]

Standard and Poors estimated that the shutdown cost the economy $24 Billion and somebody is not going to like loosing money.

does that include all the money the Koch bros spent?

 

[Dazzle1]

The budget stalemate that had the U.S. flirting with default has left business and the Republican Party, longtime political allies, at a crossroads.

In interviews with representatives of companies large and small, executives predicted a change in how business would approach politics. They didn't foresee a new alignment with Democrats but forecast backing challengers to tea-party conservatives in GOP primaries, increasing political engagement with centrist Republicans and, for some, disengaging with politics altogether.

Many business executives say they were dismayed that some Republicans didn't heed their warnings that closing the government and risking default would hurt the U.S. economy. Others expressed disgust with Washington politics in general. All said the crisis could have been averted with a more pragmatic approach.

The decades long relationship between American business and the GOP is certainly likely to endure, with business still feeling a kinship and shared goals with many in the party, including a push for lower taxes and lighter regulation.

But the conversation among businesses is "characterized by tremendous frustration and angst," said Dirk Van Dongen, president of the National Association of Wholesale-Retailers, a trade group. "Because at the end of the day, the system is supposed to produce results, and the failure to produce results has consequences."

The episode has prompted top business lobby groups, including the U.S. Chamber of Commerce, to consider taking sides in Republican primaries next year in hopes of replacing tea-party conservatives with more business-friendly pragmatists.

http://finance.yahoo.com/news/business-voices-frustration-gop-004200665.html

I read the WSJ on the business community response, although they think the Republicans like Cruz went to far, they also blame Obama and the Dems for not compromising at all.

the business community knows Obama has no respect for it, they are not going to support a shake down artiest like him.

 

[KingOrfeo]

does that include all the money the Koch bros spent?

I wonder if they're too ideological to reconsider their support for the Tea Party now?

Which was in part their creation in the first place.

"Do not call up any you cannot again put down!"

 

[RobDownSouth]

Teh Gospel of D-zzle Derp:

• When the Republicans win, it's a mandate by the people to follow through on their policies.
• When the Republicans lose, it's only because the will of the people was ignored and it's up to them to push through their policies.
• Derp without end, Amen

 

[Ishmael]

The next election should be interesting.

I don't think this one is going to blow over quite as easily as the tea party would like.

I wouldn't count on, or bet on anything.

Did you read through the entire article? It distressed me greatly, but not for any reason you might ascribe. The business "leaders" quoted in the article all have a vested interest in dipping into the taxpayers pocket. It seems to me that they are the very people that you, and so many other, liberals have bitched about.........recipients of corporate welfare. And if you have bothered to follow anything that I've said you'd realize that in that respect I'm in agreement with you. However I have to presume that you agree with me as long as it isn't your ox being gored.

And therein lies the problem, why cannot subsidize both the needy and corporate America. And we most certainly cannot continually expand the definition of needy and 'critical' business and expect to remain economically viable.

My take on the article was that there was a certain amount of 'selective' interviewing taking place. And if we are to presume that the democrats are vying for the breaks for the 'little guy' while the republicans are vying for business, who is left NOT getting the breaks? Someone is going to get a royal screwing and the only folks left that I can see are the middle class.

Ishmael

 

[Sean Renaud]

I wouldn't count on, or bet on anything.

Did you read through the entire article? It distressed me greatly, but not for any reason you might ascribe. The business "leaders" quoted in the article all have a vested interest in dipping into the taxpayers pocket. It seems to me that they are the very people that you, and so many other, liberals have bitched about.........recipients of corporate welfare. And if you have bothered to follow anything that I've said you'd realize that in that respect I'm in agreement with you. However I have to presume that you agree with me as long as it isn't your ox being gored.

And therein lies the problem, why cannot subsidize both the needy and corporate America. And we most certainly cannot continually expand the definition of needy and 'critical' business and expect to remain economically viable.

My take on the article was that there was a certain amount of 'selective' interviewing taking place. And if we are to presume that the democrats are vying for the breaks for the 'little guy' while the republicans are vying for business, who is left NOT getting the breaks? Someone is going to get a royal screwing and the only folks left that I can see are the middle class.

Ishmael

No, we choose not to subsidize them both. We can and it would make us more economically viable not less but it's a choice we make.

 

[renard_ruse]

The budget stalemate that had the U.S. flirting with default has left business and the Republican Party, longtime political allies, at a crossroads.

In interviews with representatives of companies large and small, executives predicted a change in how business would approach politics. They didn't foresee a new alignment with Democrats but forecast backing challengers to tea-party conservatives in GOP primaries, increasing political engagement with centrist Republicans and, for some, disengaging with politics altogether.

Many business executives say they were dismayed that some Republicans didn't heed their warnings that closing the government and risking default would hurt the U.S. economy. Others expressed disgust with Washington politics in general. All said the crisis could have been averted with a more pragmatic approach.

The decades long relationship between American business and the GOP is certainly likely to endure, with business still feeling a kinship and shared goals with many in the party, including a push for lower taxes and lighter regulation.

But the conversation among businesses is "characterized by tremendous frustration and angst," said Dirk Van Dongen, president of the National Association of Wholesale-Retailers, a trade group. "Because at the end of the day, the system is supposed to produce results, and the failure to produce results has consequences."

The episode has prompted top business lobby groups, including the U.S. Chamber of Commerce, to consider taking sides in Republican primaries next year in hopes of replacing tea-party conservatives with more business-friendly pragmatists.

http://finance.yahoo.com/news/business-voices-frustration-gop-004200665.html

You're posting this because it upsets you? Some other reason? What is the take away here?

 

[unregistered]

 

[renard_ruse]

If the liberal Republicans and their big business corporate welfare backers think they can win without populist conservative voters, they are in for a major shock. Apparently, they still don't realize their disrespect toward conservative voters is what cost Romney the election in 2012. Oh well, the sooner we bury the Republican Party the better. The Tea Party is already planning to run candidates in the Democrat primaries in the future.

The next part of the agenda is to take the Democrat party back from the extreme liberals who've hijacked it over the past 40 years.

 

[renard_ruse]

I never supported the Tea Party until two weeks ago. Now, I haven't been this fired up since Buchanan's victory in New Hampshire in 96.

 

[KingOrfeo]

With the stock market fueled by the Fed instead of fundamentals, it doesn't surprise me that Wall Street is whining and ready to support Obama's policies.

Whatever these "fundamentals" might be, they have nothing to do with the stock market.

 

[KingOrfeo]

I never supported the Tea Party until two weeks ago. Now, I haven't been this fired up since Buchanan's victory in New Hampshire in 96.

And where is Buchanan now?

 

[BotanyBoy]

The next election should be interesting.

I don't think this one is going to blow over quite as easily as the tea party would like.

I like how the gov keep's costing us even when it's shut down....only in America...land of bullshitters and 3 y/o tea party temper tantrums..... fucking amazing.

 

[KingOrfeo]

If the liberal Republicans . . .

You are referring to an extinct breed. Again.

. . . think they can win without populist conservative voters . . .

Well, that's their dilemma. Moderate (as distinct from liberal, who no longer exist) Pubs can't win without those you describe, but they can't win with them, either, because support for such alienates all sane Americans, who for once do happen to constitute a majority.

 

[RobDownSouth]

Whatever these "fundamentals" might be, they have nothing to do with the stock market.

Remember, Vetty was the guy who lectured us that a "stock" was actually a "loan" to a company, with a guaranteed price and guaranteed rate of return.

*chuckle*

It was the only time....the ONLY TIME....in the past five years I've ever seen AJ say "uh, Vetteman? You're wrong."

So I'd take any Vettelecture on the stock market with a grain of salt.

 

[unregistered]

 

[LadyVer]

GOP implosion. Boom!

 

[FistedSister]

The Koch brothers have spent a quarter of a billion dollars supporting the tea party. Wall street is as confused as the GOP.