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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCorporate Leaders Bemoan Tea Party Default Crisis Created By Their Own Donations
Buyer's remorse
Americas great minds of business and finance have reached a consensus on the government shutdown and worse, the prospect of a debt default: While the latter is worse, both are bad. Those same great minds are well aware how the shutdown came to pass and why default still looms on the horizon, whether next week, next month, or next year.
Yes, the frightened corporate leaders surely know how this happened because their money funded the Tea Party candidates and organizations responsible for the crisis.
Consider Rep. Ted Yoho (R-FL), a Tea Party freshman whose outspoken stupidity on a defaults potential benefits, such as an improved U.S. credit rating, has provided a bit of dark humor in these dark days. Yoho, a large-animal veterinarian, announced months ago that he would never vote to raise the debt ceiling.
Like most Republican candidates, he had no problem raising contributions from business interests, notably including contractors, insurance companies, manufacturers and agricultural processors all of which presumably share the horror of default expressed by the U.S. Chamber of Commerce. But no doubt Yoho parroted the usual right-wing clichés about taxes, regulation, labor, and health care, so all the business guys wrote a check without caring that Yoho is an ignorant yobbo.
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polichick
(37,152 posts)for themselves, not for the country or the world.
jsr
(7,712 posts)DonCoquixote
(13,616 posts)Where the wizard Faust is near midnight, realizing that he must finally pay for making a deal with the devil.
dballance
(5,756 posts)Make a deal with the devil and the payback price always comes due.
Dawson Leery
(19,348 posts)are to blame for this crisis. If they alone and no one else went down in flames, they would deserve it.