Tea Party is bad for business

Bloomberg Businessweek has a thoughtful story on the Tea Party movement and what it means to business.


Kentucky+Senate+Paul+04.jpgWhy Business Doesn’t Trust the Tea Party

Tea Party supporters probably won’t like the story, even though Businessweek gives the movement its due for having a major influence on the midterm elections.

Here’s a snippet from the story that should give every business owner pause.


“In May the historically moderate Maine Republican Party adopted a platform that included such Tea Party planks as eliminating the Federal Reserve, sealing the borders, and prohibiting stimulus funding.

It may sound like a corporate dream come true–as long as the corporation in question doesn’t have international operations, rely on immigrant labor, see the value of national monetary policy, or find itself in need of a subsidy to boost exports or an emergency loan from the Fed to survive the worst recession in seven decades. Business leaders who favor education reform, immigration reform, or investment in infrastructure can likely say goodbye to those ideas for the short term as well; they won’t be possible in the willfully gridlocked world of the coming 112th Congress.”

Photo: Associated Press