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Thread: Where is the Tea Party??

  1. #41
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    Re: Where is the Tea Party??

    Quote Originally Posted by it's just me View Post
    Did you know what the TEA party was about? Taxed Enough Already? If you are worried about the deficit quit demanding free stuff, but if I know the Trump haters on this forum you'll be voting for Bernie to get more free stuff and you'll just worry about the deficit when the next Republican is in office.
    For one thing, the Tea Party is now the T-Party which used to be the GOP.

    But in truth the Tea Party was all about the 2008 meltdown and the residue from it. It was not about deficits. Wasn't about anything other than a backlash from the 2008 meltdown and an unwillingness to accept that we could not allow the financial system to crumble to dust. Yes it meant it looked like Wall St fat cats were being spared and if it were me, I would have bailed out the financial sector and found a way to prosecute those that manipulated the system to the point of crashing it or I would have forced the financial sector to fire their asses without benefit of their full boat golden parachutes. This economy floats on an ocean of credit. If they let the financial system crumble the residue from that failure would have been devastating.

    In fact the very name "Tea Party" came from a comment from the Chicago Merc by a RW financial commentator that "we are going to start a Chicago Tea Party" over our tax dollars being used to bail out Wall St fat cats. That was sort of a simplistic and naive view as well. But it scratched a very particular itch at that time.

    Anyway, what Bush and Obama did that was smart in that regard is that they got out of Geithner, Bernacki and Paulson's way and let them do what they had to do. The biggest mistake was the second round of stimulus packages. The financial sector was not responding as they had anticipated and they lost their nerve. Brought the financial sector back and shoved more money down their throats. But I really can't blame them for that. They knew how much strain had been put on the system and they knew what the fed balance sheet was going to look like when they were done no matter what they did at that point and they could not figure out why the entire financial system was still paralyzed at that point. By then the three of them had been on tender hooks making moves and watching the global financial markets absorb them night after night. Geithner was sleeping in his office. I don't think Bernanki slept at all and Paulson was throwing up in his office trash can!

    But the Tea Party had enough and they wanted Wall St drawn and quartered though that was frankly a point of view that was naive at best. People got hurt. But for those with traditional mortgages they should not have been hurt unless they had to sell their homes at that point for some other reason.

    The job loses IMO were not called for and not the usual response to financial contraction by US Business and Industry. Just as the old saw is that you buy real estate in a down market, you don't just cut the legs out from under business organizations just because you don't think the business environment is not going to be favorable for a period of time. That is where people that should have been fine really got hurt. In the main we cut away EVERYBODY other than senior corporate management. Nobody else was spared. Suddenly kids barely out of school and in their first real jobs were running whole departments with the help of outside consultants which of course did not cost nearly as much as full time, qualified and experienced business managers.

    Funniest or maybe most poignant moment was Paulson literally on bent knee in front of Nancy Pelosi begging her for the votes to pass the legislation needed only to have Pelosi tell him cameras running to "get up off your knees Hank. Your problem is over there with YOUR PEOPLE. I've got my votes lined up".
    Last edited by jnug; 01-17-20 at 10:51 AM.

  2. #42
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    Re: Where is the Tea Party??

    Quote Originally Posted by it's just me View Post
    Then what is it you are asking for?
    why the tea part screamed about the debt and have fallen silent (during the Trump administration) as our deficit soars.

    shouldn't you be screaming? you're small government, right?

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    Re: Where is the Tea Party??

    Quote Originally Posted by Mycroft View Post
    They were minimized into near extinction by the corrupt Obama administration...
    ^ lack of personal responsibility.

    anyone surprised?

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    Re: Where is the Tea Party??

    Quote Originally Posted by CaughtInThe View Post
    why the tea part screamed about the debt and have fallen silent (during the Trump administration) as our deficit soars.

    shouldn't you be screaming? you're small government, right?
    Because they didn't scream about debt, they screamed about taxes. Do you people ever tell the truth about anythin?
    Quote Originally Posted by Elvira View Post
    ...believers have no place in Jesus Christ's war...

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    Re: Where is the Tea Party??

    Quote Originally Posted by jnug View Post
    For one thing, the Tea Party is now the T-Party which used to be the GOP.

    But in truth the Tea Party was all about the 2008 meltdown and the residue from it. It was not about deficits. Wasn't about anything other than a backlash from the 2008 meltdown and an unwillingness to accept that we could not allow the financial system to crumble to dust. Yes it meant it looked like Wall St fat cats were being spared and if it were me, I would have bailed out the financial sector and found a way to prosecute those that manipulated the system to the point of crashing it or I would have forced the financial sector to fire their asses without benefit of their full boat golden parachutes. This economy floats on an ocean of credit. If they let the financial system crumble the residue from that failure would have been devastating.

    In fact the very name "Tea Party" came from a comment from the Chicago Merc by a RW financial commentator that "we are going to start a Chicago Tea Party" over our tax dollars being used to bail out Wall St fat cats. That was sort of a simplistic and naive view as well. But it scratched a very particular itch at that time.

    Anyway, what Bush and Obama did that was smart in that regard is that they got out of Geithner, Bernacki and Paulson's way and let them do what they had to do. The biggest mistake was the second round of stimulus packages. The financial sector was not responding as they had anticipated and they lost their nerve. Brought the financial sector back and shoved more money down their throats. But I really can't blame them for that. They knew how much strain had been put on the system and they knew what the fed balance sheet was going to look like when they were done no matter what they did at that point and they could not figure out why the entire financial system was still paralyzed at that point. By then the three of them had been on tender hooks making moves and watching the global financial markets absorb them night after night. Geithner was sleeping in his office. I don't think Bernanki slept at all and Paulson was throwing up in his office trash can!

    But the Tea Party had enough and they wanted Wall St drawn and quartered though that was frankly a point of view that was naive at best. People got hurt. But for those with traditional mortgages they should not have been hurt unless they had to sell their homes at that point for some other reason.

    The job loses IMO were not called for and not the usual response to financial contraction by US Business and Industry. Just as the old saw is that you buy real estate in a down market, you don't just cut the legs out from under business organizations just because you don't think the business environment is not going to be favorable for a period of time. That is where people that should have been fine really got hurt. In the main we cut away EVERYBODY other than senior corporate management. Nobody else was spared. Suddenly kids barely out of school and in their first real jobs were running whole departments with the help of outside consultants which of course did not cost nearly as much as full time, qualified and experienced business managers.

    Funniest or maybe most poignant moment was Paulson literally on bent knee in front of Nancy Pelosi begging her for the votes to pass the legislation needed only to have Pelosi tell him cameras running to "get up off your knees Hank. Your problem is over there with YOUR PEOPLE. I've got my votes lined up".
    The TEA Party I know of was launched by CNBC's Rick Santelli, who called for it on February 19, 2009, hardly a RW financial advisor.
    Quote Originally Posted by Elvira View Post
    ...believers have no place in Jesus Christ's war...

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    Re: Where is the Tea Party??

    Quote Originally Posted by CaughtInThe View Post
    ^ lack of personal responsibility.

    anyone surprised?
    I have no idea what "lack of personal responsibility" means in relation to what I posted.

    Perhaps you can expand upon your utterance?
    TANSTAAFL
    When I "dismiss" you it only means that I have determined that further discussion is useless or counter-productive. Don't take it personally. Go ahead and have your last word...and move on.

  7. #47
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    Re: Where is the Tea Party??

    Quote Originally Posted by it's just me View Post
    Because they didn't scream about debt, they screamed about taxes. Do you people ever tell the truth about anythin?
    uh, who is lying?


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    Re: Where is the Tea Party??

    Quote Originally Posted by Mycroft View Post
    I have no idea what "lack of personal responsibility" means in relation to what I posted...
    not surprising.

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    Re: Where is the Tea Party??

    Quote Originally Posted by it's just me View Post
    Yeah, yeah, right, the left only cares about debt when there's a Republican in the White House. I was there, too, and no, the TEA party movement was actually started by an economist, so don't bother playing the race card.
    The Tea Party was created and financed by K Street to get the Limbaughloonies to the polls in the 2010 mid term election.

    It served no other political purpose.

    In the beginning, there was plenty of money. “Grass roots” groups magically popped up with instant memberships and instant websites. Anonymous helper showed up from K Street with pre printed literature, chartered busses, and pop up websites.

    The mob, duly instructed by talk radio and Fox showed up at these rallies for about five or six months.

    After the election, the money dried up.

    And all the grass roots suckers who fell for the scam wondered (not too much), where all the money, the preprinted literature, the charter busses and the guys that used to train tea partiers how to disrupt town hall meetings disappeared to.

    The Tea Party movement was walking dead, at that point, although the Limbaugh crowd hadn’t yet figured out that they had been conned into supporting Wall Street’s agenda again.

    But there was a lot of race baiting going on. It was a principal salient aspect of every tea party event I went to.

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    Re: Where is the Tea Party??

    Quote Originally Posted by JasperL View Post
    It's amazing how the economy turns from **** to fantastic the minute a Republican gets elected.



    No, of course not, because the TEA party never cared about deficits.
    Its not at all surprising that people like you see what you want to see.
    "Regardless of who you may give credit for it, the economy is booming."

    Despite all the rat party naysayers predicting doom and gloom...the economy continues to thrive. I know how much that pisses you off.

    Your ignorance about the TEA party is not shocking. Of COURSE you think the TEA party was only about democrats and Obama. Which only proves how little you know about the origins of the TEA party. But then...you DO see what you want to see.

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