'The Republican Party on one side, entrenched big-business interests on the other.'

My friend Peter Suderman has an incisive and clear piece up at Newsweek right now on the relationship between the GOP and Big Business as industry increasingly tacks towards Big Government. I encourage everyone to read it (and not merely because it cites me):

On cap-and-trade, the stimulus, the bank and auto bailouts, and financial regulation, Republicans face, or have faced, substantial opposition from parts of the corporate community. Much of what's happening can be traced to the party's current identity crisis: without strong leadership to hold together various representatives, interests, and constituents, personal squabbles that might otherwise have been quelled are allowed to fester. At the same time, the party's nascent populism is surging to the surface, resulting in a more reactionary outlook.

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