Who’s really in charge of the Republican party? Well, you got your answer this morning for sure, but it was clear earlier when Koch Industries said we’re don’t have anything to do with the debt ceiling.
I’m not here to say the Koch brothers are the puppeteers, but it is they and those like them that ultimately are putting a stop to this. Why?
Simple. Government bonds are the bedrock of the investor’s world and the more wealthy you are, the more likely it is that a large component of your investment income is from bonds that pay a coupon, usually every six months, instead of volatile stocks. VA services and national parks being shutdown don’t affect these folks. This does.
That’s why Tan Man blinked this morning and it’s why (for once) Obama knew better than to negotiate on this. He, along with some of the nuts on talk radio et al. probably got a phone call from their donor base telling them to STFU about this one.
Six weeks from now we’ll be on to another missing white girl or something.