In the eyes of K Street until fairly recently, Kevin McCarthy was supposed to have been their guy. The bet is not paying off, writes Philip_Elliott
from $312 million during the 2018 midterms to $279 million in 2022, while Democratic support jumped from $74 million to $103 million.bid for Speaker. Had the Chamber stepped in to help McCarthy’s allies, he could have been an easyfrom the gavel. Yet, as shown by the continued defections, so-called Big Business wasn’t stepping in to help shore up his threadbare majority. Nor were other deep-pocketed players on K Street.
They may not have liked Nancy Pelosi’s policy or posture, but they knew she’d never be in this sort of limbo. Many lobbyists, it turned out,So as McCarthy limped toward yet another round of balloting, he must surely be reconsidering his embrace of Trump’s populism and, at best, polite indifference toward K Street’s preferences. The Trump hug was expedient, but hardly permanent.
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