Republicans Are No Longer the Party of Business

consumer confidence

BusinessWeek.com:

T.J. Gentle, chief executive officer of Smart Furniture, an online custom furniture maker in Chattanooga, employs 250 people, has seen sales grow 25 percent this year, and was planning another round of hiring—until Republican hard-liners forced the federal government to close on Oct. 1. Gentle is the embodiment of moderate, business-minded pragmatism: He voted for President Obama and Tennessee’s Republican Senator Bob Corker, splits his donations between the parties, and prefers divided government as a check on partisan excess. Like his plan to hire more workers, this too may change as a result of the shutdown. “It’s as if House Republicans are playing suicide bomber with the U.S. economy,” he says. “As a businessman, it defies all reason and logic.”

SNIP

If Republican lawmakers were as responsive to business concerns as they once were, the chance of a prolonged shutdown would be slim. But that’s no longer the case. “Republicans are not the party of business anymore,” says Robert Shapiro, chairman of the economic advisory firm Sonecon. “They’re the party of antigovernment.”

The rising antigovernment sentiment within the GOP does not always conflict with the desires of the business community, especially on issues such as regulation. But the shutdown and debt ceiling are both matters where they do—and the unwillingness of Republican lawmakers to shift course underscores the diminished clout of their traditional business allies, despite the financial largesse. Asked by the Associated Press if he had heard business groups express alarm about the economic impact of a shutdown, Republican Representative Dana Rohrabacher of California replied, “No. And it wouldn’t make any difference if I did.”

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