Brat Threatens DC Business As Usual

Last week, in what appeared to be a stunning upset, Dave Brat, a literal unknown to a group think biased mainstream media, easily defeated House Majority Leader Eric Cantor in their Virgina GOP primary election.

Dave Brat

Brat ran on old school republican principles, which 35 years ago would have been mainstream.  However, in the world we live in today, Brat is considered extreme by the mainstream media and a threat to the daily goings on in Washington by the elite ruling class, that of which, sadly included Rep. Cantor.

Cantor had this loss coming. 

He was considered a conservative when he entered Congress with such promise, but over time, not only did he forget about his home district while embracing corporations, business individuals and government engaged in crony capitalism if not crony socialism, he was embracing Obama policies, such as immigration reform, and openly working to punish those in his party deemed members of the Tea Party.

Rep. Eric Cantor

Those Tea Party members, albeit there is no actual party and these are regular citizens against a growing government, are the ones who put Cantor into Congress, and they are the ones who threw him out

In his concession speech, it was clear Cantor had no idea what hit him. Cantor vowed to continue to work hard for working class families, clueless that the infiltration in the marketplace by the government, notably through regulation and taxation, is the main problem working class families, defined here as employed families struggling to make it versus union members as defined by the left, face.

In the race, Brat had very limited capital, and was not given help from national organizations such as Tea Party Patriots and Freedom Works.  While he was endorsed by a pair of radio talk show hosts, Laura Ingaham and Mark Levin, he won this race on the merits the old fashioned way.

Brat based his campaign on six Reaganesque principles, which were the following:

That the free enterprise system is the most productive supplier of human needs and economic justice,

That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,

That fiscal responsibility and budgetary restraints must be exercised at all levels of government,

That the Federal Government must preserve individual liberty by observing Constitutional limitations,

That peace is best preserved through a strong national defense,

That faith in God, as recognized by our Founding Fathers is essential to the moral fiber of the Nation.

Outside of those who lack faith in their lives, who are the folks among our citizenry that do not agree with these founding principles?  I sure do, and I think Brat will challenge what has clearly been a dysfunctional and broken Washington DC.

Many are quite concerned over the Cantor loss, and it may not be who you think it is.  While progressive GOP members come to mind, it is really those over on the corner of Wall and Broad in the caverns of Wall Street with grave concern. Joe Weisenthal over at Business Insider implies Wall Street should be "terrified" and others noted a loss of a friend.

Without question, Brat is a threat to Wall Street, as things currently are up there, as it is not the same as it was 20 years ago, due to infiltration through open market operations and political activism.  As such, many consider it somewhat of a rigged game, and as an investor of over 30 years, I agree.

Brat would welcome capital markets not politically influenced; a true free market system of buyers and sellers, without promised bailouts, too big to fail and a lack of accountability.  Wouldn't we all.

Sen Minority Leader Mitch McConnell, R:KY, had proclaimed the Tea Party would be crushed in very election.  Sadly, Matt Bevin failed to take him out, but crushed indeed was Eric Cantor, the first time in history a majority leader has lost in a primary.

Those progressive leaders, who are among the ruling class thinking they know better than the people, which is in contrast to our founding documents, should beware.  We will not win them all, but our voice will be heard loudly, as Sen. Tad Cochran, R:MS, and Cantor found out.

One thing that can be sure; the increasing lack of Constitutional governance in DC are indicative of the future results if the citizenry keeps voting in politicians consumed with power.  Therefore, I welcome election results like we saw the other night in Virginia.

Welcome Dave Brat!