But what about the rest of the bunch? Never mind.
Jon Chait at TNR has it right, the Bitch thinks.
Having already taken what he knew to be a huge risk with minimal payoff by supporting the Ryan budget, what can we expect of Boehner during the debt ceiling debate? The market seems to be expecting that cooler heads will prevail. Why would he risk financial chaos? Isn’t he listening to business leaders? But within Boehner’s world, the riskiest move is to be seen as compromising the movement’s principles. When the negotiations tick down to the end, probably in August, Boehner may be thinking not of the guns pointed at the financial system but at the ones pointed at his back. [Emphasis added.]
Boehner has grasped what the Wall Street wing keeps shaking their heads over — the GOP has been subsumed by the ultra conservative wing allied with the Tea Party, and they despise the Wall Streeters. If John Boehner wants to keep 1) his seat and 2) his job as Speaker, he knows he has to follow the ultras’ tune. The question for the moment is, how far will the ultras push in order to wring concessions out of the Obama Administration?