Big Business Declares War on the Tea Party

You knew it had to happen.

Growing tension in corporate boardrooms about an imminent federal default — combined with an abiding perception amongst traditional GOP moneybaggers that the lunatic caucus is growing too big for its flag-printed britches — has finally gained critical mass. And it’s not pretty… if you’re a Republican.

At stake — the fundamental role that big money plays in GOP policy. And by ‘big money’, we don’t mean the Koch brothers. We mean big money.

The New York Times has more…

As the government shutdown grinds toward a potential debt default, some of the country’s most influential business executives have come to a conclusion all but unthinkable a few years ago: Their voices are carrying little weight with the House majority that their millions of dollars in campaign contributions helped build and sustain.

Their frustration has grown so intense in recent days that several trade association officials warned in interviews on Wednesday that they were considering helping wage primary campaigns against Republican lawmakers who had worked to engineer the political standoff in Washington.

Such an effort would thrust Washington’s traditionally cautious and pragmatic business lobby into open warfare with the Tea Party faction, which has grown in influence since the 2010 election and won a series of skirmishes with the Republican establishment in the last two years.

“We are looking at ways to counter the rise of an ideological brand of conservatism that, for lack of a better word, is more anti-establishment than it has been in the past,” said David French, the top lobbyist at the National Retail Federation. “We have come to the conclusion that sitting on the sidelines is not good enough.”

Some warned that a default could spur a shift in the relationship between the corporate world and the Republican Party. Long intertwined by mutual self-interest on deregulation and lower taxes, the business lobby and Republicans are diverging not only over the fiscal crisis, but on other major issues like immigration reform, which was favored by business groups and party leaders but stymied in the House by many of the same lawmakers now leading the debt fight.

Get your popcorn, and cuddle up to news-consuming device. This. Will. Be. Epic.

By: rhb

Rob is a NYC-based Internet entrepreneur. He's also a businessman and job creator (wait: doesn't demand create jobs?) who understands the sense, and the eventual predominance, of the progressive agenda.