Freedom Caucus Impact On CRE

Joel Ross

The difference between a politician at the extreme of either party, and a businessman, is the politician is driven by some extreme ideology and will rather die than do a deal.  A businessman will try to get to close, and keeps his eye on the goal- close the deal knowing nobody gets the perfect deal and compromise is essential. What we witnessed this week with the Freedom Caucus is a small bunch of stupid politicians who foolishly think they rule, and the other 210 Representatives and 52 Senators need to do what these fools demand. They actually still think they won, just to show how stupid they are. By killing replacement they not only supported Obama and Pelosi, they did terrible harm to their own constituents, they made tax reform harder, and they did grave harm to their own party and the presidency. To quote one, “we dodged a bullet.” They think it is better to have the country live with a collapsed Obamacare and blame the Democrats, than to take the steps to fix it and modify it over time to improve it. I assume they thought that Trump, who tried everything possible to cut a deal, was going to fold in the end and they would get their way. They did not understand that good businessmen will call their bluff.

So where does that leave the country. Tax reform is key to everything.  I expect the Freedom Idiots to believe they can now get what they want on tax reform because their threat to vote no is real, and they will think they have the power. They really do not get it. They will again make ridiculous demands and threaten to vote no unless they get what they want, despite the fact they will destroy everything is that happens. If there is no tax reform, and it does not pass, then the stock market really crashes, deal stop and the Republican party, which had the ability to really gain total control in 2018, will get wiped out in that election. Without tax reform we have nothing but fiscal and economic disaster. There is a real chance that will happen now. The implications for the party are horrendous. The Freedom Caucus thinks it can now continue to make demands and threaten another no vote.  They are like a bunch of three year old’s stomping their feet because they did not get the toy they wanted for Christmas even though Daddy does not have the money to buy it.