What Are We Doing? Tea Party In Peril

[XPhobic76]

Following is an excertp from an article called: 'What Are We Doing? The Tea Party In Peril' found on [deleted]

The bail out of Wall Street and big banks in 2008 was a moment of clarity for the patriots, advocates of liberty, and Republicans who had joined together in what is called the Conservative Movement. Before the bailouts, many of us found ways to excuse the spending binges and expansion of government under the Bush Administration. But the complete repugnancy of bailing out huge Wall Street firms and banks had the effect of finally waking us up to the fact that many Republicans who had won elections with our support were, in fact, purveyors of big government. Indeed this event was so powerful that many of us chose not to exercise that dearest and most hard fought for of rights – the right to vote – in protest to the unacceptable choice we were being forced to make during the 2008 presidential elections.

I write this because I feel we are on that same tired road; the same road that gave us the bailouts and a fourteen trillion dollar national debt. We are traveling this road because we are forgetting the lessons of the past. We are engaging in the very behavior that cost us dearly in the past and will burden generations to come. We are allowing those very people who the Tea Party sought to remove from influence to regain their power....If you think my words embellished, ask yourself the following question: why is it that the top three candidates in the Republican Presidential Primaries are the only ones in the “conservative” field that supported the bailout of Wall Street?...

Read full article at http://**************.com/2011/10/17/hello-world/

It goes on to describe how the "top-tier" Republican candidates supported bailing out Wall Street and expoused reasoning that contradicts the Tea Party's principles.

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[guyver01]

good. let the tea party fail. it was destined for failure from the beginning.

 

[First]

Bailing out Wall Street was common sense. Disgusting, but common sense. You'd rather bail out Wall Street and come up with legislation and new rules (i.e. Volker rule and stress tests) to stop it from happening again, and thereby avoid a Depression (note capital D) than let them fail in some woebegone "principled" attempt to adhere to "no bail-outs for bad decisions" dogma despite all the horribly impractical implications of said strategy. That's why dogmatic ideologues don't run the world well; they're not interested in solutions as much as they're interested in their ideology being the solution.

 

[mizzou]

Tea party was just a flashpoint of angst, sort of like this 99% movement

 

[thraashman]

Bailing out Wall Street was common sense. Disgusting, but common sense. You'd rather bail out Wall Street and come up with legislation and new rules (i.e. Volker rule and stress tests) to stop it from happening again, and thereby avoid a Depression (note capital D) than let them fail in some woebegone "principled" attempt to adhere to "no bail-outs for bad decisions" dogma despite all the horribly impractical implications of said strategy. That's why dogmatic ideologues don't run the world well; they're not interested in solutions as much as they're interested in their ideology being the solution.

Exactly. The people who rally against he bailouts fail to pay attention to the fact that the spark that ignited the economic crisis was the government allowing Lehman Brothers to go bankrupt. And that was the 4th largest financial institution. Had they let a larger one go bankrupt, then the downward spiral would have steamrolled beyond resolution. The result would have been a significantly worse economic situation, that big D you mentioned. And an unemployment figure that would likely have topped 20%, and maybe even worse.

 

[Ausm]

Tea party was just a flashpoint of angst, sort of like this 99% movement

I don't think so the 99% movement is organic while the Tea Party was not and the Republicans who make fun of an ever growing voter block do so at their own peril.

 

[wuliheron]

Denial will only get you so far and then reality starts to slap you in the face. Thousands of protests in thousands of cities around the world are a reality, not political posturing or rhetoric.

 

[Thump553]

The teaparty accomplished what it's financial backers intended it to do-divide the people of this country and cause them to blame each other for the problems, rather than the real root causes. The Kochs got an extremely good return on their investment here.

As far as the teapary being an organic movement, remember that it's sparkpoint was a wall street trader/mouthpiece grousing about mortgage relief, NOT about Wall Street bailouts.

 

[XPhobic76]

I don't think the issue is whether the bailouts were necessary, I personally think they were not. The issue is why are the Tea Party now so in love with those few candidates that supported it. Heck, I went to one rally where they had a country band sing a song called "I Want a Bailout!"

 

[Blackjack200]

Exactly. The people who rally against he bailouts fail to pay attention to the fact that the spark that ignited the economic crisis was the government allowing Lehman Brothers to go bankrupt. And that was the 4th largest financial institution. Had they let a larger one go bankrupt, then the downward spiral would have steamrolled beyond resolution. The result would have been a significantly worse economic situation, that big D you mentioned. And an unemployment figure that would likely have topped 20%, and maybe even worse.

4th largest investment bank. Merrill, Goldman, and Morgan Stanley were bigger IBs. There were lots of banks like Bank of America, Citi, Wells Fargo, Wachovia, etc that were bigger.

 

[wuliheron]

The teaparty accomplished what it's financial backers intended it to do-divide the people of this country and cause them to blame each other for the problems, rather than the real root causes. The Kochs got an extremely good return on their investment here.

As far as the teapary being an organic movement, remember that it's sparkpoint was a wall street trader/mouthpiece grousing about mortgage relief, NOT about Wall Street bailouts.

There's a sucker born every minute and nothing makes suckers out of people more easily then the promise of fast money. Well, they got their fast money and now its time to pay the piper.