Business View of Political Landscape

As per usual, the NY Times is slow on the uptake (or slow to buck the idealogical narrative) and is just now getting around to mentioning big business's severe case of "buyer's remorse" over its 2008 support of candidate Obama. I first gave my readers the official diagnosis of BR back in April '09 and have chronicled it steadily since then. The NY Times focuses in on Wall Street, but I can assure you that the remorse is much more intense in other industries. Wall Street is a fickle crowd, they place bets on politicians the way they place bets on investments, so the Dems can certainly win the industry back, but it'll be hard and this spells a big problem. Other business sectors are likely lost for good, they see a failed bet as a failed bet - you suck up losses and move on. No campaign cash is a problem, but no business support takes a big chunk of the coalition that put Obama over the top in 2008 out of the picture. In fact, business is likely to gravitate aggressively to a 2012 candidate who understands the importance of the business environment to national well-being. On a side note, a guy who could very well play the leading role, if not just a leading role, on the Romney economic team takes to the pages of WSJ today to talk deficit reduction, probably the winningest theme for the Republicans going into 2010 and beyond.