Politico reported yesterday that House Speaker John Boehner is laying the groundwork for that most elusive of all chimeras, the “grand bargain” with President Obama before he steps down. Barring that, he’ll push through a clean debt ceiling hike. Either way, this ends four years of constant hostage taking of the nation’s—and the world’s—economy for short term political gain.
It didn’t have to be like this. At his heart, I don’t believe Mr. Boehner is a bomb-throwing nihilist as are the members of the “Freedom Caucus”. He’s been in Congress since the 1990s, and has a concern for the institution. He could have easily followed in the time-honored tradition of seeking to build coalitions with those across the aisle and sideline the radicals in his own party. He wouldn’t have gotten everything he wanted, but he would have gotten some of it, and the country would have worked much more efficiently.
House Speaker John Boehner shocked the political world by announcing his resignation from Congress.
In the short term the Very Smart People say this means he can pass a Continuing Resolution with mostly Democratic votes, as he gives the finger to the Brownshirt Caucus.
In the long term? Who will the GOP rally around as Speaker? The fact is, every other House leader is worse than Mr. Boehner ideologically. I joked that I looked forward to Speaker Louie Gohmert. But that’s a jest with a barb of truth in it.
President Obama’s signature on a wall in a health classroom at Southwest High School in Green Bay, Wisconsin, where he attended a town hall meeting on health care, June 11, 2009. The physical education and health staff left a note asking the President to sign the wall for future students to see (Photo by Pete Souza)
Today (All Times Eastern)
10:50 President Obama meets with the United States Sentencing Commission, Roosevelt Room
1:50: Departs White House
3:20: Arrives Worcester, Mass.
4:0: The President delivers remarks at the Worcester Technical High School Commencement
7:0: Delivers remarks and answers questions at a fundraiser for House Democrats, private residence, Weston, Mass.
8:20: Departs Worcester
10:0: Arrives White House
Later This Week
Thursday: The President will hold a bilateral meeting with Prime Minister Tony Abbott of Australia at the White House. In the afternoon, the President will welcome the WNBA Champion Minnesota Lynx to the White House to honor the team and their victory in the WNBA Finals.
Friday: The President and the First Lady will travel to the Cannonball, North Dakota area to visit the Standing Rock Sioux Reservation. Following their visit to Indian Country, they will travel to Palm Springs, CA.
Saturday: The President will deliver the commencement address at University of California, Irvine on the 50th anniversary of the dedication of the UC Irvine campus by President Lyndon B. Johnson. The President and the First Lady will return to Washington, D.C on Monday.
President Obama and Tumblr’s founder, David Karp
Adam Vaccaro: No, Obama’s Student Debt Executive Order Doesn’t Incentivize Colleges To Raise Tuition
When President Barack Obama announced yesterday that he would extend the “Pay as You Earn” federal student loan repayment program to older, previously ineligible debtors, it was met with a common contention. I’ve seen it in a few places, including the comments section in our article on the action. In short, people say that the order will make it easier for students to manage their debt, and that will incentivize schools to raise tuition. The assertion doesn’t make any sense. The Pay as You Earn program, which limits monthly payments to 10 percent of a borrowers’ income and can allow for loan forgiveness after 20 years of repayments, had previously only been available to new student borrowers. In order to be eligible, debtors could not have taken out a student loan before October 2007, and could not have stopped taking payments before October 2011.
In other words, the program was essentially put in place for the high school class of 2008 and later classes—meaning those currently in school are already eligible for the program. If the program incentivizes colleges to raise tuition—again, probably a fun debate, though it ignores that tuition was already skyrocketing well before the program was put in place—it was already happening. Obama’s action, meanwhile, extends the option to older borrowers—those who have already graduated and are making repayments, some at much higher rates than the program allows. The vast majority of those people are by definition already out of school. Who, then, would colleges raise tuition on that they couldn’t already?
Washington Post: Republican House Majority Leader Succumbs To Tea Party Challenger Dave Brat
House Majority Leader Eric Cantor (Va.), the chamber’s second-ranking Republican, was badly beaten in a primary contest Tuesday by an obscure professor with tea party backing — a historic electoral surprise that left the GOP in chaos and the House without its heir apparent. Cantor, who has represented the Richmond suburbs since 2001, lost by 11 percentage points to Dave Brat, an economist at Randolph-Macon College in Ashland, Va. It was an operatic fall from power, swift and deep and utterly surprising.
As late as Tuesday morning, Cantor had felt so confident of victory that he spent the morning at a Starbucks on Capitol Hill, holding a fundraising meeting with lobbyists while his constituents went to the polls. By Tuesday night, he had suffered a defeat with few parallels in American history. Historians said that no House leader of Cantor’s rank had ever been defeated in a primary. That left stunned Republicans — those who had supported Cantor, and even those who had worked to beat him — struggling to understand what happened.
Nick Wing: If It’s A School Week In America, Odds Are There Will Be A School Shooting
Since the 2012 shooting at Sandy Hook Elementary School in Newtown, Connecticut, there have been an average of 1.37 school shootings for each school week, according to data maintained by Everytown for Gun Safety, a group fighting to end gun violence. Including Tuesday’s incident at a high school in Troutdale, Oregon, 74 school shootings have taken place in the approximately 18 months since the Dec. 14, 2012, Newtown shooting. The average school year typically lasts about 180 days, which means there have been roughly 270 school days, or 54 weeks, of class since the shooting at Newtown.
Cantor's loss is "stunning," "an earthquake," and so on. Another school shooting is, well, not so much.
With 74 total incidents over that period, the nation is averaging well over a shooting per school week. The data maintained by Everytown for Gun Safety also shows that these shootings have occurred throughout the country. In all, 31 states have had an incident of gun violence at a school. Georgia has witnessed far more incidents than others, with 10 happening at schools there since Sandy Hook. There have been seven school shootings in Florida, five in Tennessee, four in North Carolina and four in California.
Caitlin MacNeal: Obama: ‘We Should Be Ashamed’ Of Failure To Address Gun Violence
President Obama on Tuesday slammed the failure to curb gun violence in the United States. “My biggest frustration so far is the fact that this society has not been willing to take some basic steps to keep guns out of the hands of people who can do just unbelievable damage,” he said during a Tumblr Q&A. “This is becoming the norm,” he continued about school shootings. “We should be ashamed.”
The President addressed lawmakers who blame mass shootings on mental health, not access to guns. “The United States does not have a monopoly on crazy people. It’s not the only country that has psychosis. And yet, we kill each other in these mass shootings at rates that are exponentially higher than any place else,” he said.
The NFIB’s small business confidence index came in at 96.6 for May — the highest reading since 2007. That also beat expectations for 95.8. Pantheon Macro’s Ian Shepherdson says this index is more important than payrolls, and sees this jump to the as a major shift. “At last, small businesses are on the move. We have been waiting for four years for a clean break to the upside, and it’s finally here. The rise in the headline largely reflects a 9-point jump in economic expectations and a 5-point rise in sales expectations, but several other components rose too.”
“Eric is running on the Chamber of Commerce and Business Roundtable principles,” Brat told a Tea Party audience. “They want amnesty for illegal immigrants. They want them granted citizenship. And it’s in the millions — 40 millions coming in. if you add 40 million workers to our labor supply, what will happen to the wage rate for the average American?” Brat’s appeal was frankly demagogic. Cantor was not supporting amnesty, and there are about 10 million illegal immigrants currently in the United States. Some of Brat’s Tea Party supporters took it a step further. Larry Nordvig, the head of the Richmond Tea Party, told a joke at Brat rally.
They'll use Cantor as a cautionary tale, but the real reason they can't budge on immigration is b/c the GOP base is xenophobic and racist.
“A politician, a Muslim, and an illegal alien walk into a bar, and you now what the bartender said? Good evening, Mr. President.” If he is elected in November, Brat may, of course, jettison the anti-Wall Street and anti-big business side of his politics. His actual economic views appear to be close to those of the Cato Institute and Ayn Rand. His solutions for America’s flagging economy consist in flattening the tax code and cutting spending – positions that will certainly not alienate the Chamber of Commerce or Business Roundtable.
Jonathan Cohn: The GOP Just Got a Wake-Up Call: Eric Cantor’s Loss Proves The Tea Party Refuses To Rest In Peace
It’s going to take a while to figure out precisely what happened Tuesday night in Virginia’s 7th House District. Nobody thought Eric Cantor, the second most powerful Republican in the House, would lose his primary campaign to Dave Brat, an anonymous college professor too busy grading exams to attend campaign events. Not too many people even thought it’d be close. Robert Costa of the Washington Post wrote about Brat’s surprising popularity a month ago, but the rest of the political press barely noticed.
still Obama's fault RT @jbouie: Any R thinking of working with Obama has just completely changed their mind. @ron_fournier, take note.
The obvious explanation for Cantor’s defeat is immigration. And in this case, the obvious explanation is probably right. Brat hammered Cantor for his supposed support of “amnesty.” Cantor swore the charge was untrue and, lord knows, he wasn’t doing anything to advance the cause of immigration reform publicly. It appears the voters didn’t believe him. Brat also attacked Cantor for his supposed cooperation with, and enabling of, Obama. This charge may seem strange to the White House and, for that matter, most sentient beings. Few Republicans have spent more energy fighting Obama and the Democrats. And Cantor played a pivotal role in killing the grand bargain that Obama was trying to negotiate with House Speaker John Boehner in 2011
Julia Edwards: Obama Administration To Make Push On American Indian Voting Rights
Concerned that American Indians are being unfairly kept out of the voting process, the Obama administration is considering a proposal that would require voting districts with tribal land to have at least one polling site in a location chosen by the tribe’s government, U.S. Attorney General Eric Holder announced on Monday. Holder said the Justice Department would begin consulting tribal authorities on whether it should suggest that Congress pass a law that would apply to state and local administrators whose territory includes tribal lands. The announcement came as President Barack Obama was expected to travel to an American Indian reservation in North Dakota on Friday.
Last Thursday, Holder addressed a tribal conference in the same state. Associate Attorney General Tony West on Monday will expand upon Holder’s announcement in Anchorage, Alaska, where he will address a conference held by the National Congress of American Indians. “Our proposal would give American Indian and Alaska Native voters a right that most other citizens take for granted: a polling place in their community where they can cast a ballot and receive voter assistance to make sure their vote will be counted,” West is expected to say, according a statement from the Justice Department.
Daniel Strauss: Cantor Conquerer Caught Off Guard By Policy Questions In Interview
David Brat, who defeated House Majority Leader Eric Cantor (R-VA) in the Republican primary for Virginia’s 7th Congressional District, was surprised when he appeared on MSNBC on Wednesday that he would be asked policy questions. In his interview with MSNBC’s Chuck Todd Brat punted when Todd asked him both about the minimum wage and Syria. “Let me ask you a few other issue questions. Where are you on the minimum wage? Do you believe in it and would you raise it?” Todd asked. “Minimum wage, no, I’m a free market guy,” Brat responded.
Cantor's friends are FURIOUS, said he was told by consultants that he was up 20-30 points, didn't need to worry...
“Our labor markets right now are already distorted from too many regulations. I think Cato estimates there’s $2 trillion of regulatory problems and then throw Obamacare on top of that, the work hours is 30 hours a week. You can only hire 50 people. There’s just distortion after distortion after distortion and we wonder why our labor markets are broken.” Todd then pressed Brat on the question. “Um, I don’t have a well-crafted response on that one,” Brat finally conceded. “All I know is if you take the long-run graph over 200 years of the wage rate, it cannot differ from your nation’s productivity. Right? So you can’t make up wage rates.”
CBS News: Judge Strikes Down Teacher Tenure In California
A judge struck down tenure and other job protections for California’s public school teachers Tuesday, saying such laws harm students – especially poor and minority ones – by saddling them with bad teachers who are almost impossible to fire. In a landmark decision that could influence the gathering debate over tenure across the country, Los Angeles County Superior Court Judge Rolf Treu cited the historic case of Brown v. Board of Education in ruling that students have a fundamental right to equal education. Siding with the nine students who brought the lawsuit, he ruled that California’s laws on hiring and firing in schools have resulted in “a significant number of grossly ineffective teachers currently active in California classrooms.” He agreed, too, that a disproportionate number of these teachers are in schools that have mostly minority and low-income students.
The judge stayed the ruling pending appeals. The case involves 6 million students from kindergarten through 12th grade. The California Attorney General’s office said it is considering its legal options, while the California Teachers Association, the state’s biggest teachers union with 325,000 members, vowed an appeal. “Circumventing the legislative process to strip teachers of their professional rights hurts our students and our schools,” the union said. Teachers have long argued that tenure prevents administrators from firing teachers on a whim. They contend also that the system preserves academic freedom and helps attract talented teachers to a profession that doesn’t pay well. Other states have been paying close attention to how the case plays out in the nation’s most populous state. The lawsuit was backed by wealthy Silicon Valley entrepreneur David Welch’s nonprofit group Students Matter, which assembled a high-profile legal team including Boutrous, who successfully fought to overturn California’s gay-marriage ban.
Brian Beutler: Eric Cantor Lost Because He Exploited Conservatives, Not Immigration
Cantor practices a cunning, devious brand of politics. He played legislative strategy the same way he played intra-conference intrigue—devising too-clever-by-half schemes to seize momentary advantage, often at the expense of bigger picture goals. They frequently blew back at him. When Republicans took back the House, he advocated strategies that culminated in dangerous brinksmanship over funding the government and increasing the debt limit, exactly as conservatives demanded. But he also attempted to set the bizarre precedent of offsetting emergency spending for natural disaster relief with cuts to unrelated social spending programs. He never prevailed, but his position became extremely awkward when a rare and sizable earthquake severely damaged his own district in August 2011. After Obama’s re-election, Cantor had to reverse course and orchestrate ransomless debt limit increases, to the great dismay of Republican hardliners. He then pandered to those same hardliners in ways that frequently undermined John Boehner’s best-laid plans. These priorities were incongruous, and suggestive of an effort to situate himself as the Speaker’s heir apparent, rather than of a commitment to conservative causes.
Same folks who told us months ago immig reform was dead now say Cantor loss CHANGES EVERYTHING AND MEANS IT'S REALLY REALLY DEAD
Just two months ago, Cantor end ran around those same conservatives to secure passage of a bill protecting Medicare physicians from a substantial pay cut. For more than a year now, Cantor’s stable of influential operatives and former operatives have done battle with the purity obsessed hardliners and opportunists who tried to seize control of the party’s legislative strategy. Many of them sought retribution by taking aim at Cantor in his district. In the end the right’s beef with him—as with McConnell—was about more than just affect. It was about his willingness to use power politics and procedural hijinks to cut conservatives out of the tangle when expedient. The lesson of his defeat isn’t that immigration reform is particularly poisonous, but that the right expects its leaders to understand they can’t subsume the movement’s energy for tactical purposes, then grant it only selective influence over big decisions.
President Obama on Monday will take executive actions to ease the burden of college loan debt for potentially millions of Americans, in a White House event coinciding with Senate Democrats’ plans for legislation to address a concern of many voters in this midterm election year. Mr. Obama’s main action will be to expand on a 2010 law that capped borrowers’ repayments at 10 percent of their monthly income. The intent is to extend such relief to an estimated five million people with older loans who are currently ineligible — those who got loans before October 2007 or stopped borrowing by October 2011.
But the relief would not be available until December 2015, officials said, given the time needed for the Education Department to propose and put new regulations into effect. Also, Mr. Obama will announce that the department will renegotiate contracts with companies that service federal loans to give them additional financial incentives to help borrowers avoid delinquency or default. The Education and Treasury Departments are to work with the nation’s largest tax-preparation firms, H&R Block and Intuit Inc., to ensure that borrowers are aware of repayment options and tax credits for college tuition.
Josh Hicks: Kerry: Leaving Soldier Behind Would Be ‘Offensive And Incomprehensible’
Secretary of State John F. Kerry in an interview aired Sunday pushed back against criticism of the prisoner swap for U.S. Army Sgt. Bowe Bergdahl, who was captured by the Taliban after he left his post in Afghanistan in 2009. “It would have been offensive and incomprehensible to consciously leave an American behind, no matter what,” Kerry said on CNN’s “State of the Union.”
Republicans have accused the Obama administration of placing U.S. troops at greater risk by encouraging enemies to take prisoners for leverage, essentially putting a target on the backs of American troops. Responding to those concerns, Kerry said that the U.S. combat role in Afghanistan is over and that “we’re going to have very few people in that kind of position.”
Simon Maloy: GOP’s Quiet Obamacare Disaster: How This Week’s Biggest Story Got Overlooked
While everyone obsessed over the Bergdahl flap, the real story was revealed by a nomination hearing and new data
Right around noon on Wednesday, the Senate voted to invoke cloture on Sylvia Mathews Burwell’s nomination to be the next secretary of Health and Human Services. The all-out Obamacare brawl that Republicans had promised when Burwell’s nomination was announced never materialized. Instead, it ended with a quiet, respectful display of bipartisan comity.
Losing the opportunity to grandstand on the Burwell nomination, however, was the least of the Republicans’ troubles this week when it came to the Affordable Care Act. We’re only six days into June, and opponents of the ACA have already had a terrible month.
Two Las Vegas police officers were killed Sunday in what appears to be a politically motivated ambush in a pizza restaurant that spilled over to a nearby Wal-Mart, where the two shooters committed suicide after killing a woman in the store. Details are sketchy, but Metropolitan Police Department sources close to the investigation say the shooters shouted that “this is the start of a revolution” before opening fire on the officers, and draped their bodies with cloth showing a Revolutionary War-era flag. Investigators have also found paraphernalia associated with white supremacists. The shooters then stripped the officers of their weapons and ammunition and badges, according to a law enforcement official with knowledge of the investigation. They then covered the officers with something that featured the Gadsden flag, a yellow banner with a coiled snake above the words, “Don’t tread on Me.”
The flag is named for Christopher Gadsden a Revolutionary War general who designed it. It has recently come back in vogue as an adopted symbol of the American tea party movement. Brandon Monroe, 22, has lived in the complex for about two weeks. He said the man who lived in the apartment that was being searched often rambled about conspiracy theories. He often wore camouflage or dressed as Peter Pan to work as a Fremont Street Experience street performer. A woman lived with him, Monroe said, but he didn’t see her as often. They were weird people, Monroe said, adding that he thought the couple used methamphetamine. “The man told Monroe he had been kicked off Cliven Bundy’s ranch 80 miles northeast of Las Vegas while people from throughout the U.S. gathered there in protest of a Bureau of Land Management roundup of Bundy’s cattle.” Jessica Anderson, 27, said.
Dan Diamond: Since Obamacare Passed 50 Months Ago, Healthcare Has Gained Almost 1 Million Jobs
Obamacare was once called “The Job-Killing Health Care Law.” But the latest jobs report suggests that the broader economy—and the health care sector, specifically—is adding jobs at a healthy rate. Since the Affordable Care Act was signed into law in March 2010, the health care industry has gained nearly 1 million jobs—982,300, to be more precise—according to Bureau of Labor Statistics estimates released on Friday.
Meanwhile, the rest of the economy has added 7.7 million jobs since March 2010, and for the first time, more people are working since the recession began five years ago. Private-sector jobs also grew for the 51st straight month, Justin Wolfers observes at The Upshot, which ties the longest consecutive streak on record and overlaps with the passage of Obamacare 50 months ago. But that streak is piddling compared to health care, which just reported its 131st straight month of job gains.
Tiffany HSU: Job Recovery In Southern California Is Outpacing U.S. Gains
Southern California fell harder in the recession than the rest of the country and took longer to recover, but now the region’s job gains are outpacing the national employment upswing. Each month since April 2012 except one, Los Angeles County has seen at least 2% year-over-year job growth, compared with a 1.7% average across the country. On Friday, the Labor Department reported that all the jobs lost in the downturn are now back nationwide, with 217,000 net new jobs added in May. The unemployment rate stayed put at 6.3%, the lowest in more than five years. But a steadily growing population means that millions of people are still out of work. In Los Angeles County, only 330,800 jobs have returned, compared with the 435,400 jobs lost from December 2007 to January 2010.
Cheery economic reports showing rising home prices in Southern California, along with steadily recovering personal income, will help boost optimism, Kleinhenz said. But new opportunities will lure more job hunters into the labor force, requiring employers to add more jobs to keep unemployment rates low. But an LAEDC report this week showed promising signs. In April, Los Angeles County employers added 90,800 nonfarm jobs — a 2.6% boost from a year earlier. The area’s jobless rate improved to 9.8% last year from 10.9% a year earlier. LAEDC expects the gauge to fall to 8.7% this year and then continue sliding to 7.8% in 2015.
Laura Vozzella: Va. Lawmaker To Resign, Paving Way For Jobs For Self, Daughter, According To Associates
Republicans appear to have outmaneuvered Gov. Terry McAuliffe in a state budget standoff by persuading a Democratic senator to resign his seat, at least temporarily giving the GOP control of the chamber and possibly dooming the governor’s push to expand Medicaid under the Affordable Care Act. Sen. Phillip P. Puckett (D-Russell) will announce his resignation Monday, effective immediately, paving the way to appoint his daughter to a judgeship and Puckett to the job of deputy director of the state tobacco commission, three people familiar with the plan said Sunday. The news prompted outrage among Democrats — and accusations that Republicans were trying to buy the Senate with job offers in order to thwart McAuliffe’s proposal to expand health coverage to 400,000 low-income Virginians.
In a statement, McAuliffe (D) acknowledged that Puckett’s resignation had created “uncertainty” for his plan to expand the federal-state health program for the poor to 400,000 uninsured Virginians. But he contended that he still had a majority of the Senate on his side. “I am deeply disappointed by this news and the uncertainty it creates at a time when 400,000 Virginians are waiting for access to quality health care, especially those in Southwest Virginia,” McAuliffe said. “This situation is unacceptable, but the bipartisan majority in the Senate and I will continue to work hard to put Virginians first and find compromise on a budget that closes the coverage gap.” Senate Republicans, meanwhile, issued a statement praising Puckett. “Although Senator Puckett has decided to end his tenure in the Senate of Virginia, his legacy there will endure,” said Senate Minority Leader Thomas K. Norment Jr. (James City). “And, his commitment and service to the people of Southwest, who honored him with their votes in five successive elections, will continue.”
Reuters: U.S. Deaths In Afghanistan May Have Only Tenuous Link To Bergdahl
The frantic search for Bowe Bergdahl began the moment his comrades discovered he was no longer inside the fragile outpost in a rock-strewn valley in one of the most hostile corners of Afghanistan. Exactly why Bergdahl left is subject to intense scrutiny. But accounts by two Taliban sources as well as several U.S. officials and fellow soldiers raise doubt over media reports that he had sought to join the Taliban, and over suggestions that the deaths later that year of six soldiers in his battalion were related to the search for him.
His dramatic release on May 31 after five years in captivity in return for five Taliban commanders sparked a national controversy over whether President Barack Obama paid too high a price for his freedom. That was fueled by allegations by some in his battalion that he was a deserter, and that soldiers died because they were looking for him after his disappearance in the early hours of June 30, 2009. While many questions remain, a Reuters reconstruction of his disappearance indicates that at the time when Bergdahl’s six comrades in the 1st Battalion of the 501st Parachute Infantry Regiment were killed in August and September 2009, his fallen comrades were on other missions like securing the Afghan elections and, according to one U.S. military official, the period of intensive ground searches had already ended.
State health insurance marketplaces that offered consumers very few health plan choices in 2014 are starting to add more insurers — slowly, in most cases. But this is a sign that insurers are feeling confident about the second year of the Affordable Care Act’s coverage expansion. The development is important for a few reasons. For one, recent research suggests that more competition in the exchanges could help temper premium increases. Other new analysis shows that exchange plans, on average, are cheaper than individual plans offered outside the insurance marketplaces. And given the narrow networks in exchange plans, more insurers could mean better access to providers.
In New Hampshire, the exchange’s only insurer last year had excluded 10 of 26 hospitals in the state from its network, meaning the exchange’s customers were limited in their choice of care providers. In 2015, though, New Hampshire will have five insurers selling individual and family health plans on the exchange, state officials announced this week. That also includes the expansion of two non-profit, co-op plans that received start-up funding from the Affordable Care Act. Then there’s West Virginia, a poorer state and one of the least healthy in the country — not exactly an attractive market for insurers. Just one insurer sold 2014 exchange plans, but a second insurer from Kentucky, another co-op, will join in 2015. Kentucky Health Cooperative, which signed up 75 percent of the approximately 82,000 people who selected private plans in Kentucky’s exchange, will sell plans statewide in West Virginia next year.
Whenever I get a swelled head, whenever I think I’m king of the world, I dial up this little clip.
This is where we are right now.
Yes, we’ve won a battle. A great battle. A great victory. But the war continues.
If you think the Kochs and their ilk are going to go home with their tails between their legs, you haven’t been paying attention.
President Obama’s victory over the debt ceiling and government shutdown may be a turning point. The GOP’s nihilistic ideology may be tarnished beyond repair. But they are not out of the fight.
For the Kochs and their billionaire fellow travelers, this is a death struggle. They have a dystopian Randian view of the world; they are the makers, and should be allowed unfettered freedom of action to follow their Nietzchean will to power. (Never mind that Nietzche would have looked with horror upon them.) In their minds, anything good in the US is due solely to their efforts, and the lack of gratitude from the majority of those they grudgingly call “fellow citizens” chafes at them. They have massive power, and the only point of their existence is to amass more power. At some point, one more billion is immaterial; what they want is the knowledge that they can shape the culture of a superpower to their inclinations.