Wednesday, July 27, 2011

I GUESS THIS IS HOW WALL STREET GOT ITS POINT ACROSS TO THE TEABAGGERS

I don't know what I was expecting. Some leaked report that the Chamber of Commerce was threatening to fund primary challengers to teabaggers who failed to support a debt-limit increase? A dressing-down of House freshmen in an empty boardroom like the one the chairman of UBS's parent company gives to Howard Beale near the end of Network? But I guess this is how the big-money boys are compelling teabaggers to come to Jesus and support the Boehner plan: via their principal money-launderer.

The big-spending conservative group Crossroads GPS said Wednesday that it supports House Speaker John Boehner’s (R-Ohio) plan regarding the debt limit, and said it would support those lawmakers who vote for the plan....

Steven Law, president and CEO of Crossroads GPS, said that even though more spending cuts were necessary, the Boehner plan was the best plan available to cut spending, avoid tax increases and allow for an increase in the debt ceiling....

Crossroads GPS has the ability to spend and receive virtually unlimited amounts in contributions. In turn, it's able to spend millions of unrestricted dollars on helping to elect Republicans. Its sister group, American Crossroads, is a more formal political action committee. Karl Rove, the GOP political guru, helped found the groups and serves as their unpaid consultant....


So when Josh Marshall wrote last night that "Wall Street and just a lot sane people in general who haven't come off the sidelines yet or haven't really been paying attention" would soon "just say: Dude, you don't have a full deck, this is over," I suppose this is how that got done.

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