At the end of the week, headlines read that Boehner had declared war on the Tea Party.
According to The Hill, business backs Boehner.
“Business lobbyists are pumping their fists over Speaker John Boehner’s (R-Ohio) slap-down of conservative groups.
Executives at trade groups told The Hill they were pleasantly surprised by the strident remarks this week from the typically laid-back Speaker.”
That means that the Tea Party and ultra conservative platform are not good for the American economy, and business leaders know it.
Here is what gets politicians’ attention:
“trade groups are vowing to protect business-friendly candidates in the 2014 elections.”
History shows that Democratic presidents are better for the economy than Republicans. According to The Atlantic story by Jordan Weissmann, that just may be happenstance.
There are economic and political cycles about which we have not done enough to understand the correlation of events. Analysts have yet to master predictive science, but they are working on it.
"Are Democrats Really Better at Running the Economy Than Republicans?
Ever since the days of Truman, the economy has grown faster when a Democrat is in the White House. But a new paper suggests that may just be a matter of historical happenstance.
JORDAN WEISSMANN DEC 4 2013, 2:45 PM ET
As Bill Clinton is fond of reminding us all, it is a well-established fact that, on average, the U.S. economy grows faster when a Democrat is president. Is it because liberals have better ideas or because they just have better fortune?
According to a new paper by Princeton Professors Mark Watson and Alan Blinder (himself a Clinton administration veteran), it's mostly about luck.
Since 1947, real gross domestic product has grown 4.35 percent per year under Democratic presidents and just 2.54 percent under Republicans. Even Jimmy Carter, whose presidency lives on in the public's imagination as an economic failure, averaged about the same growth rate as Ronald Reagan.