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With Traditional GOP Allies Defecting, Big Business Takes Sides With Obama
With Traditional GOP Allies Defecting, Big Business Takes Sides With Obama
Charles Babington And Jim Kuhnhenn
WASHINGTON (AP) -- 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 -
http://talkingpointsmemo.com/news/with-traditional-gop-allies-defecting-big-business-leaders-take-sides-with-obama
Charles Babington And Jim Kuhnhenn
WASHINGTON (AP) -- 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 -
http://talkingpointsmemo.com/news/with-traditional-gop-allies-defecting-big-business-leaders-take-sides-with-obama
The terrorists are being thrown under a bus by the greedy predators.
Poll Indicates GOP Has Been Deeply Damaged By Shutdown Fight
http://www.democraticunderground.com/10023758198
The difference between Democrats and Republicans in one image, on one day
http://www.democraticunderground.com/10023760563
Where Are The Anti-Shutdown Protests?
http://www.democraticunderground.com/10023766244
A failure for the ages (Boehner)
http://www.democraticunderground.com/10023758956
7 replies
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