Tuesday, January 28, 2014

Yuri Maltsev Explains the Tea Party

Mises Daily: Tuesday, January 28, 2014 by Yuri N. Maltsev
Mises Institute: What were the origins of what is now called the Tea Party movement?
Yuri Maltsev:  As we explain in our book, the modern Tea Party movement began with a fundraiser by Ron Paul supporters on December 16th, 2007 (the 234th anniversary of the pre-revolutionary Boston Tea Party) and a backlash against the policies of President George W. Bush. This Tea Party fundraiser was followed by an even bigger one, the unprecedented Ron Paul “money bomb” of November 5th.
The rising trend of anti-government protests saw a huge surge in February, 2009 after the famous impromptu speech by CNBC commentator Rick Santelli against the federal government’s bailout of irresponsible borrowers in the country’s ongoing mortgage crisis. “The government is promoting bad behavior,” he declared, standing on the trading floor of the Chicago Mercantile Exchange in Chicago. Turning to the traders working behind him, he said, “This is America! How many of you people want to pay for your neighbor’s mortgage that has an extra bathroom and can’t pay their bills?” The video of his rant went viral that same day and bolstered an already-planned round of protests in at least 40 cities across the country on February 27, 2009....To Read More....

No comments: