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JP Morgan: February 2010

Lobbyists

Business Lobby Shifting Back To GOP


Grover Norquist

Some of the business interests that had abandoned their traditional conservatism to flirt with the Obama agenda may now be shifting back towards the GOP -- another sign that the president's standing is badly weakened a year after taking office.

During 2008 and much of 2009, Obama enjoyed an unusual amount of support for a Democrat from the business community, much of which had grown disillusioned with President Bush and hoped for a return to the steady growth of the Clinton years. But after a string of political setbacks, high-lighted by Scott Brown's win last month in the Massachusetts Senate race, some key business groups and sectors appear to be shifting back to the GOP column.

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Topics: Barack Obama, Chamber of Commerce, Grover Norquist, Health Care, JP Morgan, Lobbyists, NFIB, Scott Brown, Wall Street

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