Tea Party's Rise Gives Business Pause

The Wall Street Journal ^ | SEPTEMBER 17, 2010 | BRODY MULLINS and NAFTALI BENDAVID

[KeyLargo]

Tea Party's Rise Gives Business Pause

* BUSINESS * SEPTEMBER 17, 2010

By BRODY MULLINS and NAFTALI BENDAVID

Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs.

Business leaders clearly prefer a Republican-controlled Congress to a Democratic one, judging from their statements, endorsements and campaign contributions. They cite low taxes, less regulation and certainty in the business environment as among their top priorities in Washington, and many see Republicans as more responsive on these topics.

And campaign donations from the business community, along with voter anger at Washington's current leadership, are playing an important role in helping Republicans as they try to regain control of the House and Senate in the November elections....

[fallujah-nuker]

Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs.

Here's a YouTube clip of some of them.

[KeyLargo]

"Really good article. I suspect companies like GE and Dow are especially worried about losing their potential ill gotten gains via the green initiatives. The tree of liberty’s watering includes more than just government."

[Palter]

The country club Keynesian’s are upset.

[TomGuy]

From Karl Rove going postal to this article. My eyes are wide open. And we’ve been duped. For a long time.

Many of use have been screaming that for years, and we've got the asbestos underwear singed from the flaming to prove it.

As Glen Beck has said, the Dems and [moderate] GOP are sides of the same coin.

Moderate Republicans are fat and happy with the status quo. They don't mind being the minority one bit, because they still get their share of the pork -- and they don't have to work quite as hard as the majority does.

[MrEdd]

I’m telling you. From Karl Rove going postal to this article. My eyes are wide open. And we’ve been duped. For a long time

If you were duped, you had blinders on.

Part of the reason I have always been an independant conservative rather than a Republican is that I watched as the Republicans (not the Democrats) crafted legislation that for practical application purposes subsidised agriculture for big companies like ADM and Monsanto, and gave them leverage to litigate family farms in the 60s and 70s.

[kcvl]

“The only “worried” businesses are those that really aren’t businesses but rather clients of the state. Every one of those needs to change or die.”

Exactly!

[CoastWatcher]

This is BS!

What Wall Street is really afraid of is that the ‘Tea Party’ candidates are from the Country Class and can not rationalize corruption like the Ruling Class does. The last thing Wall Street wants are a group of anti-corruption zealots in Washington!

[dfwgator]

That’s because now the lobbyists are going to have to try to buy off new politicians, it’s easier to keep the same old ones bought.

[TomGuy]

I watched as the Republicans (not the Democrats) crafted legislation that for practical application purposes subsidised agriculture for big companies

And if you really want to set off the Bushbots, just remind them that the bailouts began under GW.

Of course, their retort is about Pelosi's House.

They don't admit that Pelosi wasn't the President, Bush was.

[griswold3]

Distinctions need to be made between corporations that ‘create value’ and those that ‘capture value’.
Our economy needs to return to a more dynamic, flexible, and competitive environment.
I think a good first step would be for more ‘Free Access’ for businesses. Too many businesses seek legislation to ensure their survival by punishing their competition. We need more businesses NOW.

[Popman]

Businesses love the tea party. Corporations don’t.

Hammer on nail head

I cater strictly to small business and most are way too busy to be informed as I am about politics and the TEA party impact, but I can tell you most are far more optimistic about their future knowing DC is about to be stood on it's head. Tea Party is a big reason for that

[Mind-numbed Robot]

It gives the corporate/government-complex businesses pause.

Isn't that the definition of Fascism - government and business in collusion?

If so, my online dictionary is as bad as Wikipedia in that it completely misstates it. Of course, I could be wrong, again.

[Moonman62]

Large corporations and Wall Street are not true capitalists...they practice crony capitalism at the expense of the average American.

Agreed. Big Business and Big Government are two peas in a pod.

BTW, didn't Bill Clinton say that big business is the evil force behind the Tea Party?

[Moonman62]

They don't mind being the minority one bit, because they still get their share of the pork -- and they don't have to work quite as hard as the majority does.

They did that for fifty years between Hoover and Reagan.

[bereanway]

Any group that argues for TARP, Wall Street rescues and special breaks for only certain groups has lost me.

Look at the chart with the article on contributions from business PAC’s:

Mike Castle over $1,000,000.00
Christine O’Donnell $0.00

These guys just masquerade under the banner of free enterprise. There’s nothing free about it.

[KeyLargo]

Middle class running as fast as it can

Commentary: Another day older and deeper in debt

Sept. 17, 2010

By Rex Nutting, MarketWatch

WASHINGTON (MarketWatch) —

This recession has strangled the American middle class, but it was in a weakened state long before anyone heard of subprime mortgages.

The great middle of American society has been falling for 30 years or more, a product of vast economic, social and political forces, both foreign and domestic. It won’t be restored with one congressional election, or even a presidential one. Its troubles are much more serious than that.

The Census Bureau reported this week that the inflation-adjusted median household income had fallen 0.7% in 2009 to the lowest level since 1997. The typical household earned just under $50,000 a year. Read more about the increase in poverty last year.

The typical family is making less than it did 10 years ago.

The Great Recession has taken away the small gains made during the 1980s and 1990s and ripped open wounds that were festering for 30, 35, or 40 years. The middle class is more anxious now than at any time in generations. The worries aren’t new; they are just on another level.....

Excerpt

http://www.marketwatch.com/story/story/print?guid=01647C10-C1BB-11DF-BA89-00212804637C

[KeyLargo]

For years, Michael Savage has been calling the ruling class;

‘DEMICANS & REPUBLICRATS’

Sadly they are one in the same.

Demicans & Republicrats: Term used to convey the idea that the Republican and Democrat parties are often indistinguishible in position.

[dforest]

Big Business and RINOs ruined the republican party and gave them the brand that was used to usher in Obama.

If we are going to keep playing this game. I won’t be playing because we will end up right where we were in 2006.

No thanks Wall Street Journal.

[Vaduz]

The less you buy the sooner Obama&Co. are out of business.

[Jabba the Nutt]

"Business leaders and lobbyists are increasingly worried that the election of tea party-backed Republican candidates to Congress might threaten their priorities next year, fearing that these candidates' anti-spending fervor and opposition to special tax breaks would jeopardize prized programs."

These are NOT business leaders, they are "rent-seekers". Rent-seekers look to government for financial advancement and not consumers making free choices. ObamaCare's individual mandate to purchase healthcare insurance bought the support of rent-seeking insurance companies into supporting ObamaCare.

Rent-seeking is a hybrid form of fascism, government control over nominally privately-owned business.

We have an insight into what's wrong with the Republican Party. They think in terms of being pro or anti business. That way the politicians gain the power to pick the winners and losers and gain financial rewards of bribery, campaign contributions and later millions in Lobbying.

No Mas!