WHITE FLAG OR BS: After putting the country on a dangerous path to financial ruin, House Speaker John Boehner is now ready to ask House Republicans for a short-term debt ceiling increase — six weeks, to be exact. This comes as some GOP lawmakers, playing economists, claim that the default wouldn’t be catastrophic. Whatever happened to his brashness at his last press conference where he claimed a clean debt ceiling raise would be total surrender? — @AP
Actually, they want to pass a clean debt ceiling hike but keep the government shutdown unless President Obama negotiates. The president shouldn’t blink one bit. We need a MARCH ON WASHINGTON, and fast.
@Reuters – House Republican short-term debt limit increase, if accepted, will have no add-ons or conditions, senior Republican aide says.
This comes as RedState founder Erick Erickson is advocating secession. Um, not from the union but from the Republican Party, AKA the Confederacy. He claims that a third party will rise as a result of the House GOP leadership abandoning its goal of defunding Obamacare. Um, who exactly would vote for this third party of extremists? Sarah Palin and Matt Drudge?
Even the Koch brothers, who spent millions to defeat President Obama in 2012, are running like crazy from defunding Obamacare even though they hate the legislation. Why? Because a government default wouldn’t be in their best interests. Money talks. Really loud. Ted Cruz and his posse of misfits will end up holding the bag on this one, as they are reduced to laughingstocks.
We knew the day would come when big business turned on the GOP. Get the popcorn. It’s about to get funny. Here’s more from the New York Times:
As the government shutdown grinds toward a potential debt default, some of the country’s most influential business executives have come to a conclusion all but unthinkable a few years ago: Their voices are carrying little weight with the House majority that their millions of dollars in campaign contributions helped build and sustain.
Their frustration has grown so intense in recent days that several trade association officials warned in interviews on Wednesday that they were considering helping wage primary campaigns against Republican lawmakers who had worked to engineer the political standoff in Washington.
Such an effort would thrust Washington’s traditionally cautious and pragmatic business lobby into open warfare with the Tea Party faction, which has grown in influence since the 2010 election and won a series of skirmishes with the Republican establishment in the last two years.
“We are looking at ways to counter the rise of an ideological brand of conservatism that, for lack of a better word, is more anti-establishment than it has been in the past,” said David French, the top lobbyist at the National Retail Federation. “We have come to the conclusion that sitting on the sidelines is not good enough.”
Some warned that a default could spur a shift in the relationship between the corporate world and the Republican Party. Long intertwined by mutual self-interest on deregulation and lower taxes, the business lobby and Republicans are diverging not only over the fiscal crisis, but on other major issues like immigration reform, which was favored by business groups and party leaders but stymied in the House by many of the same lawmakers now leading the debt fight.