McCarthy’s slim majority is about to face a major test
Like Nebraska’s Don Bacon, the “center-right” guy the traditional media runs to for quotes. He’s completely on board. The “goal is to get this on the floor next week,” he told NBC last week. “[McCarthy’s] providing a simple plan. I think it’s good policy. I think the American people are gonna like it,” said Bacon.
That doesn’t seem likely, given the majority of American people don’t think games should be played with the debt ceiling. Republicans, however, are used to ignoring popular sentiment.
South Dakota Rep. Dusty Johnson chairs the Main Street Caucus, supposedly a moderate, business-friendly bunch. He’s on board with McCarthy’s plan to pass the bill “before the end of April,” and is bullish on the bill. “Kevin McCarthy’s gonna get 218 votes on this deal,” he told NBC. “These are really concepts that, I think, unify the conference rather than divide us.”
They’re generally not used to ignoring Wall Street, though, and Wall Street is getting increasingly jittery. They’re not raising hell about it yet, but they’re nervous. Last week, BlackRock Vice Chair Philipp Hildebrand warned that default would undermine “a basic anchor” of the world’s financial system and “must not happen.”
“All we can do is to pray that everyone in the United States understands how important the sanctity of the sovereign signature of the leading currency, of the leading bond market, of the leading economy in the world is,” Hildebrand said.
Of course they can do more than send thoughts and prayers. They can use their massive leverage—and campaign money—on Republicans, starting with the so-called moderates. Those guys might not listen to their constituents, but they will listen to their funders.
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Markos and Kerry are joined by Aaron Rupar today to discuss what he is seeing in the right-wing media landscape. Rupar is an independent journalist whose Public Notice Substack is a must-read for those who want to know how truly outrageous the conservative movement is. We are addicted to his Twitter account, with its never-ending stream of Republican lunacy all captured on video.