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Wednesday, October 23, 2013

Businesses: remember the Tea Party's alarming and misguided theories that a default could be good for America!

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Democrats to Businesses: Remember Shutdown at Election Time
By Anthea Mitchell, October 22, 2013

A new deadline is looming over Washington with risk of default popping back up February 7, and spending power taken away January 15. That means there’s a real need for bipartisan cooperation in Congress, reaching across the isle as it were — and not just to get a better grip on someone’s throat.

The politically motivated letter that the Democratic Congressional Campaign Committee (DCCC) sent out Monday probably won’t help matters though — especially with the not so subtle finger pointing. “Far too many Tea Party Republicans opposed us, and some even spouted alarming and misguided theories that a default could be good for America. This does not bode well for next year, when the nation will have to go through this uncertainty again in February,” read the letter.

Steve Israel, DCCC Chairman, and Jim Himes, DCCC National Finance Chair cosigned the letter, which was sent to over 1,000 business heads, according to the Wall Street Journal. “Nearly two-thirds of House Republicans voted against the deal to prevent default and end the shutdown, including the Republican Chairman of the Financial Services Committee, the Republican Budget Committee Chairman and the Chairman of the National Republican Congressional Committee. The signal from House Republicans couldn’t be clearer,” noted the letter.

Republicans were have not been doing well in polls recently, and many, including Senator Ted Cruz (R-Tex.), complained that “far too many people are worried about politics,” in reference to “nasty partisan jabs from Democrats.” Senator Cruz was responding to questions on how badly the Republican party was being hurt, and possible risk to Congressional seats in the next election — Israel and Himes’s letter poked at that subject as well. “House Democrats are committed to supporting problem-solving candidates who promote commonsense solutions, not ideological crusades,” said the DCCC letter.

Economic damage has been inflicted according to analysts, leaving Wall Street frustrated, which is likely why Democrats are taking this moment to remind business leaders that elections are coming up — and that “we are not through this difficult period in our country’s history.”
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