I'm so glad that grownups have finally taken back the keys in Washington.
Republicans in the House of Representatives offered a plan on
Thursday that would postpone a possible U.S. default and urged President
Barack Obama to negotiate an end to the 10-day government shutdown.
The move signaled a new willingness by Republicans to break a standoff
of their own making that has thrown America's future creditworthiness
into question.
I think this may have spurred them to finally take the gun away from the head of the world economy:
Opinion polls indicate that Republicans appear to be getting more of
the blame for the standoff. The Republican Party's approval rating now
stands at a record low of 28 percent, according to Gallup, down 10
points from pre-shutdown levels. The Democratic Party's approval rating
has dipped slightly to 43 percent.
This gap between the GOP and the Dems was just too large to ignore. People just see the GOP as a bunch of extremists that would torpedo the world economy just to delay Obamacare for one year. In other words they wanted to make everyone suffer for pretty much no reason. Even if Obamacare was defunded or delayed or whatever Obama would still have vetoed whatever came out of the Congress and there would be no way to override the veto. It was all futile and made stocks drop for nothing.
This might have gotten the Tea Party scared:
Business groups that have
close ties to the Republican Party have also pressed for an end to the
brinkmanship and some are laying plans to mount primary challenges next
year to lawmakers who refuse to raise the debt ceiling.
I hope they do throw some money at pro-business candidates that can actually compromise instead of assgrabs like Ted Cruz who postured and preened for publicity and Ted Yoho who is economically illiterate. I want someone that is watching out for my 401K and not for themselves and their own egomania.
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