anti-cronyism

Big Business is freaking out about the building wave against cronyism

Big Business and the Wall Street class are still trying to figure out what to make of outgoing Rep. Eric Cantor’s (R-VA) stunning loss to Dave Brat and what it means for the national political landscape now that it appears the Tea Party movement is experiencing a resurgence, as The New York Times explains:

His loss at the hands of David Brat, a Tea Party-inspired economics professor who campaigned on throwing corrupt Wall Street bankers in jail, railed against crony capitalism and insisted that immigration reform would only reward lawbreakers, spurred business leaders to mobilize to preserve their clout in Congress. Already uneasy over what they see as an especially hostile strain of anticorporate populism growing within the conservative movement, and threatening the traditional corporate-friendly centers of power inside the Republican Party, many businesses fear the loss of some of their strongest champions on Capitol Hill.
[…]
What has concerned many businesses with a stake in federal policy is a growing anger on the right from people who can sound more Occupy Wall Street than Tea Party.

“You could even make a case that there’s a lot in common between the Tea Party types and the Elizabeth Warren liberals,” said Gregory R. Valliere, the chief political strategist for the Potomac Research Group. “The impact of what’s happened is going to make Republicans in the House apprehensive about appearing to be too cozy to business.”


The views and opinions expressed by individual authors are not necessarily those of other authors, advertisers, developers or editors at United Liberty.