The line between the Republican establishment and the Tea Party has blurred. That spells trouble for the GOP in the long run. Possibly this year, more likely in 2016.
The late Democratic Senator George S. McGovern and today’s Republican Tea Party activists might not have a great deal to say to each other -- they both represented their party’s extremes. For that very reason, however they have one thing in common: Their rise to prominence defied the wishes of their respective party’s establishment.
Moderate Republicans cannot fathom what has happened to their party.
Once a happy band of no-nonsense, pro-business conservatives, cautious in everything from money to marriage -- including their wary response to the onward march of 1960s liberal social values -- they were prepared, within reason, to trim their policies to match the voters’ mood. After all, to achieve anything in government you first have to win elections.
Since the government shutdown, public opinion of the Republican Party has hit a new low. Yet the Democrats might not be able to gain from it. Despite the GOP’s fall from grace -- and even if they suffer a lower vote count in the 2014 midterm elections -- the Republicans might still control the House of Representatives and many state legislatures after the polls close.
I don't understand why everyone is so surprised to find out that large corporations are funneling massive amounts of money to the U.S. Chamber of Commerce. Last week's NYT report has been making the Internet rounds, and while I appreciate the point that the Chamber is much more partisan than its non-profit status would suggest—70 of the Chamber's 93 midterm campaign ads either support Republican candidates or attack their opponents, despite the Chamber's promise to the Federal Election Commission that it only talks about issues—there's also a curious amount of wonderment at big-company donations. Yes, Wall Street firms sent millions of dollars to the Chamber when financial re-regulation was on the table, and the insurance industry got out its checkbook when it was time to talk healthcare reform. Why would anyone be surprised?
The phrase "Buy American" may be taking on a new connotation in the rough-and-tumble battle over corporate financing and the midterm congressional elections.
Tackling huge budget deficits and growing debt is essential for the United States to avoid a financial market crisis that would push interest rates higher and severely damage the U.S. economy, many economists have warned.
President Barack Obama started his day by learning he had won the Nobel Peace Prize, but that didn't stop him from quickly turning downright prickly.
By Kevin Drawbaugh
WASHINGTON, July 21 (Reuters) - The Obama administration's plan to form a new Consumer Financial Protection Agency, a central part of its bold regulatory reform agenda, sailed onto the shoals of congressional delay.
Under attack from banking and business lobbyists, the CFPA proposal will not be drafted and voted on as planned next week at the committee level, said the U.S. House of Representatives Financial Services Committee handling the measure.