Booman - Default Was Never An Option

[Mass]

I agree and I was reasonably certain that Cantor would never let default happen. His links to big business are too deep. So, this mess was all a game of chicken from a very weak GOP leadership to make happen what had to happen. Happy to see Obama saw through this.

http://www.boomantribune.com/story/2013/10/16/9

Default Was Never An Option
by BooMan
Wed Oct 16th, 2013 at 09:03:53 AM EST

A few days ago, Rolling Stone published a Tim Dickinson article on the inner doings of "the Republican suicide machine." It's a big piece, and on page four there is a description of John Boehner, Eric Cantor, and their relationship to the business community.

Boehner and Cantor have learned to speak the language of the Tea Party - the majority leader more fluently than the speaker - but their real job is to keep the old Republican-patronage machine humming.
...
It was Cantor's prodigious fund­raising talents that elevated him to the fast track in 2003, when he became chief-­deputy whip after just one term in Congress. Married to a former Goldman Sachs VP, he speaks the language of the investment class and is said to sell financiers on the "return on investment" of their political donations to the party. He's been a fierce defender of the hedge-fund loophole that taxes the income of top investors at less than the rate of their secretaries – once arguing that taxing "carried interest" at normal rates would hurt "the average blue-jean-wearing American." Over his career, he's raised more than $2.4 million from the investment community.

...
If you want to know why I have been so serene about the threat of default, it's because John Boehner and Eric Cantor are creatures of big business, and they have almost nothing in common with the Tea Baggers who forced this crisis upon the Republican leadership.

A lot of politically savvy people are "stunned" by this, but I sincerely do not know why. Everything went exactly as I thought it would. I could never see any other outcome being even remotely likely.

[1000words]

1. But, but .... DOOOOOOOM!

PANIC!!!

[randome]

2. Use fewer words next time.

And welcome to DU!
[hr][font color="blue"][center]The truth doesn’t always set you free.
Sometimes it builds a bigger cage around the one you’re already in.[/center][/font][hr]

[ProSense]

3. They were hoping to score a political win by backing Obama into a corner

Of course, there are two groups of people who are disappointed: the teabaggers and those who were convinced (even hoping) Obama would cave.

Republican allies who bailed only did so when it was clear the plot failed.