BLOOMBERG: Republicans Are No Longer the Party of Business

[kpete]

Republicans Are No Longer the Party of Business

...............

..................“Republicans are the party of business,” no longer holds true. From the austerity imposed by sequestration to the refusal to reform immigration laws to the shutdown and now, as appears likely, another debt-ceiling showdown when U.S. borrowing authority expires on Oct. 17, the GOP’s actions have put a strain on one of its most valuable partners: the business community.

With no clear resolution in sight, those partners are getting antsy. “A government shutdown is economically disruptive and creates even more uncertainty for the U.S. economy,” says R. Bruce Josten, the Chamber’s executive vice president of government affairs. “We are disappointed this has happened, and we urge Congress and the administration to work together immediately to find a path forward on the [continuing resolution] and debt limit to remove any threat to the full faith and credit of the U.S. government.”

Over the past several years the series of budget crises engineered by Republicans to extract concessions from Democrats has damaged economic growth by reducing spending and increasing uncertainty. “We estimate that fiscal drag from federal government policies was 1 percent last year and 1.8 percent this year,” says Dean Maki, chief U.S. economist for Barclays (BCS). “We do believe that there has been an effect on both investment spending and hiring the past few years because of the uncertainty over the events in Washington.”

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http://www.businessweek.com/articles/2013-10-03/republicans-are-no-longer-the-party-of-business

[gopiscrap]

1. Yup: they're the party of crazies

[MaeScott]

3. Absolutely! nt

[randome]

2. It astonishes me that so many think corporations pull all the strings.

Too many spy and sci-fi novels, I think. It's true, Big Business has clout but the Grand Conspiracy that many insist on seeing is not there.

The reality has been for quite some time that no one is in charge of the GOP.
[hr][font color="blue"][center]Don't ever underestimate the long-term effects of a good night's sleep.[/center][/font][hr]

[Warren DeMontague]

4. crazy business.

that's about it.

[chill_wind]

5. When even some of the biggest GOP moneybaggers like the C.O.C.

start getting worried and disgusted with their own, that's a problem.

With no clear resolution in sight, those partners are getting antsy. “A government shutdown is economically disruptive and creates even more uncertainty for the U.S. economy,” says R. Bruce Josten, the Chamber’s executive vice president of government affairs.

(snip)

Larger businesses, which often tilt more heavily toward the GOP, are no less frustrated. It’s hard to find any organization more closely affiliated with the Republican Party than the U.S. Chamber of Commerce. In 2012 the business trade group spent $35,657,029 on federal elections, according to the Center for Responsive Politics. Of that, $305,044 was spent on behalf of Democratic candidates. Last year the Chamber went further to help Republicans than it ever had by running ads directly against candidates: It spent $27,912,717 against Democrats and only $346,298 against Republicans.

Rec.

[Hutzpa]

6. I only ask for one request

I hope that the business community remember this month when it's time to vote in 2014.

[truebluegreen]

7. Couple of things:

1) Republicans are the party of Big Business whereas for 70+ years Democrats have been the party of growth in jobs, the economy and the stock market;

2) I hope this doesn't mean that the Chamber of Commerce is going to move its thuggish fascist ass into our tent...

[bvar22]

8. "Republicans Are No Longer the Party of Business"

Thats the Good News!

The BAD News is that they have been replaced.




[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]


You will know them by their [font size=3]WORKS,[/font]

[Bandit]

9. The Chamber of Commerce is complaining...give me a break, they actively supported all

those Tea Bagger Republicans against their sane Democratic opponent...Buyers remorse, but you know damn well they will support the crazies again in 2014 against the Sane Party.