GOP means there will be an absolute halt to the Obama agenda

[otohara]

Business Looks to Republicans to Block Obama on Rules, Taxes

The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc. to WellPoint Inc. may be able to weaken or block what they consider President Barack Obama’s anti-business policies on health care, the environment, taxes and financial reform.

Republicans retook the House of Representatives yesterday with a gain of at least 60 seats, their biggest increase since 1938. The party will use its first majority in the House since 2006 to try to eliminate funding for parts of Obama’s health care bill opposed by business as well as curb regulations and government spending, Jay Timmons, executive vice president of the National Association of Manufacturers, a Washington-based lobbying group, said in an interview before the election.

“Americans voted for jobs and economic growth” and “resoundingly rejected” Democrats’ policies on taxes and regulation, Thomas Donohue, president of the U.S. Chamber of Commerce, the biggest business lobbying group, said in a statement last night.

Republicans also scored a net gain of at least six seats in the Senate, though Democrats retained control of that body.

The results will bolster Republican efforts to extend Bush- era tax cuts for those earning more than $250,000 and to defeat Obama’s proposals to increase taxes on companies’ overseas profits.

Stabilizing Taxes

“When you have 9.6 percent unemployment it’s not the time to be raising taxes,” John Engler, NAM’s president and the former Republican governor of Michigan, told reporters today.

On health care, they are “really going to be pushing back on the regulations,” said Kim Monk, managing director at the investment advisory firm Capital Alpha Partners LLC in Washington. “There could be some serious blowback from a Republican Congress.”

snip...

“The Republican victory in the House means there will be an absolute halt to the Obama agenda,” Tom Block, founder of Tom Block Consults and the former head of government relations for JP Morgan, said on the call organized by Lee. http://www.bloomberg.com/news/2010-11-03/business-looks-to-republicans-to-block-obama-on-rules-taxes.html

[Hardrada]

1. There was actually an agenda??

[Exilednight]

2. Yes, weren't you paying attention? Let me lay it out for you ........

Compromise.
Capitulate.
Bipartisanship.

[Hardrada]

3. Oh that's right. That's it exactly!!

[Name removed]

9. Deleted message

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[Milo_Bloom]

13. LMAO!

Useless legislation = progress. Now that is funny.

[Pirate Smile]

6. Right. There was no agenda which is why the right wing has gone insane. It's because Obama is a

Republican corporatist. He didn't actually do anything with Health Care Reform or Wall Street Reform or credit card reform or in the EPA or the other regulatory agencies and that is why he is so beloved by the greedy corporate assholes and Republicans. He's just an empty-suit working for his corporate masters who compromises and capitulates on everything :sarcasm:

[Skittles]

7. watered-down bs

because of:

Compromise.
Capitulate.
Bipartisanship.

[RBInMaine]

10. A diverse caucus and 100% GOP opposition means some compromise has to happen.Return to grade school.

[Skittles]

12. compromise and sucking up are NOT the same thing

[Milo_Bloom]

15. There was no COMPROMISE.

There was 100% captitulation.

What the the GOP give up in the negotiations?

[Milo_Bloom]

14. Pretty much

Health care reform = useless

Wall Street Reform = useless

Credit card reform = the biggest joke of the 3.

They hate him because of what he he COULD do, not because of what he did.

[PurityOfEssence]

4. Yes, now they'll have to surrender to themselves...

And, joke that that's meant to be, it may be a bit of a scuffle in the front seat as they tussle for the wheel with some real crazies...

[DemocraticPilgrim]

5. A temporary blip or folks wouldn't of saved the Senate.

[RBInMaine]

8. The bulk of the Obama agenda has already been passed. So fuck them.

[Exilednight]

11. I don't believe in quantity over quality. n/t

[RBInMaine]

18. Please, take a basic civics class.

[Exilednight]

19. I am way beyond a civics class. Working on my masters in political philosophy. n/t

[and-justice-for-all]

16. All it means is NOTHING will get done for two years...

unless of course the Democrats just hand those drunk drivers the keys...

[polichick]

17. He can do a lot as president all by himself, if he wants to. nt