Having failed to persuade their traditional Republican allies in Congress to avert a government shutdown, business leaders fear bigger problems ahead, and they're taking sides with a Democratic president whose health care and regulatory agenda they have vigorously opposed.
President Barack Obama is embracing the business outreach, eager to employ groups like the U.S. Chamber of Commerce and Wall Street CEOs to portray House Republicans as out of touch even with their long-established corporate and financial patrons.
Yet, the partial closing of the government and the looming confrontation over the nation's borrowing limit highlight the remarkable drop in the business community's influence among House Republicans, who increasingly respond more to tea party conservatives than to the Chamber of Commerce.
On Wednesday, Obama is hosting chief executives from the nation's 19 biggest financial firms. Moreover, the Chamber of Commerce has sent a letter to Congress signed by about 250 business groups urging no shutdown and warning against a debt ceiling crisis that they say could lead to an economically disastrous default.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
Well, when 85% of us oppose (and rising after the exchange opened)Obamacare, just maybe the GOP is representing us, the people. Harry Reid thinks he works for Obama.
I haven't had a job in 5 years, except the few hit and miss contracts I've landed. So, if somebody else who has worked for the 5 years is being furloughed for a while... how long... Can you imagine how empathetic I am?
To continue, when the government, and I mean State and Fed, decides that the free market system needs to thrive in order for the rest of it to work, I'm out. We need manufacturing jobs in America NOW. Not retail, service,and crap jobs.
And we need 40 hour weeks! Are you kidding me??????
Post a Comment