The fix may not be in on the shutdown, but it’s starting to take shape. Fear of a bad earnings climate has business leaders breaking with Teaparty Republicans and lining up behind moderate GOP members and the democratic President. The WH is only too happy to capitalize:
TPM — President Barack Obama is embracing the business outreach, eager to employ groups like the U.S. Chamber of Commerce and Wall Street CEOs to portray House Republicans as out of touch even with their long-established corporate and financial patrons.Yet, the partial closing of the government and the looming confrontation over the nation’s borrowing limit highlight the remarkable drop in the business community’s influence among House Republicans, who increasingly respond more to tea party conservatives than to the Chamber of Commerce.
On Wednesday, Obama is hosting chief executives from the nation’s 19 biggest financial firms. Moreover, the Chamber of Commerce has sent a letter to Congress signed by about 250 business groups urging no shutdown and warning against a debt ceiling crisis that they say could lead to an economically disastrous default.
This is what we want and what a lot of people predicted. Teaparty conservatives create a rift between themselves and what could have been solid allies in the political and business communities, and the rest is a classic case of divide and conquer. In the past democrats haven’t been aggressive enough to go straight for the GOP’s jugular, but this time around they may finally be ready.