Tuesday, September 30, 2008

Yglesias Asks: Where's Corporate America?

Damned good question.
especially on the right, normally when there’s an issue that’s perceived to be important to American business, corporate America makes its views known and conservative legislators, when asked to jump, say “how high?”
But as Matt points out, GOP legislators clearly aren't being given pro-bailout marching orders by the Chamber of Commerce or the National Federation of Independent Businesses. Yet the members of such organizations are supposedly the first wave of casualties in a credit crunch.

As Matt acknowledges, this doesn't mean the crisis is fictitious. But it sure makes you wonder what the game is, doesn't it?

My WAG is that the lobbyists for the C-of-C, the NFIB and all the rest, were in from the beginning on the whole Lucy-and-the-football stunt that the GOP was pulling over the past few days: get the Dems to Be Responsible, sucker them into a bad compromise, then pull out, stick them with the blame, and run against them. They felt safe in assuming a bailout was coming, so they were willing to protect their own, rather than needlessly make them vote for a very unpopular bill.

Like I say, this is no more than a wild-ass guess. But it wouldn't surprise me to find out that it was true.

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