They are out of business. The party that was once good for business has been incredibly bad for it. Why is this? For some strange reasons entrepreneurs and business executives have lost control in guiding representatives to do what is best to create an optimal environment for business and the economy. Republicans blame it on Democrats, but wait a minute. Republicans have been in charge mostly, and they have blown it.
One theory is that most Republicans in Congress today have never had a job outside of working for the government. They are hired guns in one sense, and they have no business sense in the other.
That might be why they take the Mad Magazine, Alfred E. Neumann approach, “Why, me worry?”
According to “The Fix” column in the Washington Post today and Pew Research, 64% of Republicans aren’t worried about skipping the debt limit deadline.
No, Republicans are no longer good for business and in fact are very bad for the economy.
“And yet, a majority — yes, a majority — of self-identified Republicans in a new Pew Research Center poll agreed with the statement that “the country can go past the deadline for raising the debt limit without major economic problems.” Almost two-thirds (64 percent) of Republicans who identify with the tea party expressed that sentiment.
What explains that level of skepticism in the face of such dire warnings?
Some of the Republican doubt about the true danger of the debt ceiling is based on the fact that, well, lots and lots of people — Republicans, Democrats and independents — don’t really know what it is or does. (Overall, 47 percent of people said that raising the debt ceiling was “essential” to avoiding an economic crisis while 39 percent said the economy would be okay if the debt limit wasn’t increased.) The reflex reaction to warnings about how terrible something you don’t really get might be is to assume people are exaggerating about the consequences.