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Taibbi, pick read of the day
"Vast forests have already been sacrificed to the public debate about the Tea Party: what it is, what it means, where it's going. But after lengthy study of the phenomenon, I've concluded that the whole miserable narrative boils down to one stark fact: They're full of **bleep**. All of them. At the voter level, the Tea Party is a movement that purports to be furious about government spending — only the reality is that the vast majority of its members are former Bush supporters who yawned through two terms of record deficits and spent the past two electoral cycles frothing not about spending but about John Kerry's medals and Barack Obama's Sixties associations. The average Tea Partier is sincerely against government spending — with the exception of the money spent on them."
http://www.rollingstone.com/politics/news/17390/210904?RS_show_page=0
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Re: Taibbi, pick read of the day
If not for TARP, stimulus, and Obama care there would be no tea party movement.
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Re: Taibbi, pick read of the day
As Taibbi points out, the beginnings of the Tea Party are with the Rick Santelli rant about the proposed home mortgage modification bill.
People really didn't care about the Bush TARP but it made them mad to think their neighbor might get a break.
Or at least they could sort of understand that in an emotiuonal sort of way.
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Re: Taibbi, pick read of the day
Where do you get the idea that people were not outraged with TARP? It stirred an outrage in this country that has not been seen in years. The people may not understand a need for TARP but they know who it bailed out, and it wasn't one of their neighbors, unless they live in the Hamptons.
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Re:what would have been the result with no tarp?
Explain to me how our economy would have been all warm and fuzzy!
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Re: Re:what would have been the result with no tarp?
It wouldn't.