Wall Street is clear about who’s to blame for the government shutdown and a looming debt default: tea party Republicans. What’s less clear is what Wall Street can do about it.
The reality is that deep-pocketed financial services executives and their lobbyists have little leverage against tea party lawmakers who don’t much care for financiers or big banks and don’t rely heavily on the industry for campaign cash.
“Those are the ones who are most problematic for Boehner,” one D.C.-based lobbyist who represents financial services clients said of tea party lawmakers. “I don’t think there’s any way for Wall Street to punish the 25 to 50 hard core House Republicans. It’s not like [Reps. Steve] Stockman and Tim Huelskamp are doing a lot of Goldman Sachs events. I don’t think Justin Amash cares if Bank of America gives to him or not.”
The rise of tea party lawmakers’ influence is shift from years past when the Republican party was more business friendly and could be counted on by Wall Street to give great weight to its concerns. The industry feels powerless when it comes to dealing with some members of the tea party, who are immune from one of Wall Street’s most potent tools: campaign donations.
Le Tea Party est la seule force politique aux États-Unis capable de s’opposer au copinage entre Wall Street et le gouvernement… Ceci explique peut-être la campagne de dénigrement médiatique ciblant les politiciens se réclamant du Tea Party…