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Thursday, July 28, 2011

It’s now the chamber of commerce vs. the tea party

Okay, I realized we're heading for a debacle if the debt limit isn't increased. But, I did take some satisfaction reading this NYT article about how the Chamber funded a lot of teabagger candidates last year. Now, those teabaggers on a path of economic destruction -- and they're ignoring their old friends at the Chamber:
The chamber and other business groups have pressed with increasing urgency for Congress to raise the maximum amount that the government can borrow. They have cataloged the consequences of default at meetings, parties and dinners and over drinks.

On Tuesday, the chamber threw its weight behind the proposal of the House speaker, John A. Boehner, telling recalcitrant repugicans that a pending vote on the plan was a with-us-or-against-us moment that would be remembered during the next election campaign.

But as the government runs out of money, those efforts have not produced the desired result. The freshman class of House repugicans, along with longer-serving members, is balking at Mr. Boehner’s plan, let alone anything that Senate Democrats and the White House might be willing to accept.
Oh well. The Chamber got what it wanted: A repugican misled House. Seems like they made some bad investments:
Among the beneficiaries was Daniel Webster, a Florida repugican. The chamber spent $250,000 on ads blasting the Democratic incumbent, Representative Alan Grayson. Mr. Webster won.

In July, Mr. Webster introduced legislation instructing the Treasury to prioritize interest payments, then military spending, then Social Security checks, then Medicare payments, “in the event the debt ceiling is reached.” Experts regard the idea as unworkable.

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