Much like the British in 1773 – Big Media, Big Blogs, Dimocrats, the unhip unoriginal boor wannabees who presume themselves to be the “creative class”, Obama supporters, and the not-very-smart “intellectuals”, flattered themselves and exercised their flabby wits with bon mots and sniffed at those who attended the April 15 Tea Parties.
These boors and boobs (many, like CNN, documented in yesterday’s comments) who preen themselves with pretensions laughed at the many Americans who turned out to protest Obama bailout policy and the printing press economy. These boors and boobs yelled primaryesque “racism” and “kooks” at something that escapes their closed Hopium addled “minds”.
That many real Democrats along with Republicans and Independents oppose Obama economic policy escapes the buffoons that mock “bitter” Americans.
The many who recalled the 1773 protests, that led to overthrow of the imperialist yoke in the “new world”, by attending rallies on April 15 2009 do not feel represented by those who tax us. The many who protested on April 15, 2009 know Wall Street and bankers and the financiers are well represented by Obama and the rest of the U.S. government. The many who protested on April 15, 2009 know we are not represented by the U.S. government of Obama and the new fangled Dimocrats and the Republicans.
We Democrats who saw the Democratic “leadership” gift Obama the nomination and award non-candidate Obama delegates won in an election by Hillary Clinton understand what it is not to be represented.
Have no doubt, “bitter” Americans are well in the majority even as they desperately “cling” to the desperate “hope” that Obama economic “plans” succeed. Americans want America to do well and to get out of the current economic horror. In order to get America to do better many Americans are putting aside their common sense and crossing their fingers and wishing against reality that Obama will do well. That is the explanation for why Obama is “popular” in polls – desperation and fear.
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Americans do indeed oppose the flim-flam which is the Obama economic “plans”:
In a CNN poll taken this month by Opinion Research, more than three-quarters of Americans said that if GM and Chrysler need more government money, Washington should rebuff them. In other words, let ’em go bankrupt. That is the same thing most of the public is saying about banks and financial institutions: No more bailouts. [snip]
Do Americans think that if automobile companies went bankrupt it would cause a crisis or major problems for the economy? In December, two-thirds thought that it would. Now, not so many: 47 percent feel that it would cause a crisis or major problems, while 53 percent say it would cause minor problems or no problems at all. [snip]
Most people say if automakers need more money, Washington should say no.
Big Business has failed and Americans know government has been complicit in Big Business failures.
Actually, the people don’t trust either Big Government or Big Business. That’s why Americans don’t like the idea of bailouts: They are viewed as Big Government colluding with Big Business.
The April 15 Tea Parties were, contrary to Big Media’s narrative, a very sophisticated assessment of the current economic situation: Big Government is indeed colluding with Big Business and Americans want that to stop. Americans want the general good addressed not the desires of only Wall Street insiders and Big Business insiders. Americans know that the revolving door of insiders is taking care of other insiders.
Dimocrats, such as backstabbing Robert Reich, mock the orginal 1773 Boston Tea Party when they say “We have a patriotic duty to pay taxes.” We suppose that is better than Joe Biden’s claim that it is patriotic to pay more taxes, but not by much.
Mental midget Reich does not think “huge debts we’re wracking up” are a problem because the solution “is to get the economy growing again”. Reich does not see that the debts and deficits are growing at a faster rate than the economy is projected to grow (Obama unrealistic rosy scenarios and projections to the contrary – see Krugman, below).
Reich, like his fellow Obama Dimocrats, mocks “bitter” Americans who attended the Tea Parties. But if the Tea Parties continue to grow and repeat (let’s say on July 4) they forshadow an American revolt in the 2010 elections or even more:
They resemble nothing so much as the anti-war protests during Bush’s first term. The claim that they don’t have an organizing premise strikes me as obviously wrong: They’re anti-bailout, anti-stimulus, anti-deficit, and anti- the tax increases that will eventually be required to pay for the current spending spree, and complaining that they don’t also have a ten-point plan for reforming Medicare and Social Security reflects a misunderstanding of the nature of protest marches, I think. The claim that they’re hypocritical and partisan is a bit stronger – where were they when Bush was running up the deficit, etc. – but in fairness, many of the organizing figures were anti-TARP from the beginning, and there’s something slightly odd about saying that if you didn’t take to the streets to protests a $300 billion deficit you aren’t allowed to protest a $1 trillion deficit. The numbers matter, surely … [snip]
Still, here we are in the sixth year of the Iraq War, and all those anti-war protests, their excesses and stupidities notwithstanding, look a lot more prescient in hindsight than they did (to me, at least) when they were going on. So if you’re inclined to sneer and giggle at the Tea Parties, keep in mind that just because a group of protesters looks ragged, resentful, and naive, that doesn’t necessarily mean they’re wrong to be alarmed
Republicans who mocked anti-war protests as fringy now know better than to mock the “inchoate”. Karl Rove is already taking inventory.
This movement is significant.
In 1978, California voters enacted Prop. 13 in reaction to steep property taxes. [snip]
Derided by elitists as phony, the tea-party movement is spontaneous, decentralized, frequently amateurish and sometimes shrill. If it has a father it is CNBC’s Rick Santelli, who called for holding a tea party in Chicago on July 4. [snip]
If that anger persists, it may give Republicans a leg up in the 38 gubernatorial elections over the next two years, as well as in key state legislative races that will determine which party redraws congressional and state legislative districts after the 2010 census.
The open question is whether Republicans will be boosted by the nascent tea-party movement.
Rove’s optimism aside, Republicans are responsible too for the current economic situation and Americans will not turn to them unless Republicans begin to address their own looting of the economy as well as the current Obama looting of the economy. The Tea Parties in that respect were completely non-partisan:
Reporters didn’t have to work hard to find critics of President Barack Obama. But if they only asked, they’d have found that many in the audience were equally concerned with how the Republicans under President George W. Bush spent federal dollars like drunken sailors. Anger over the orgies of Democrat and Republican politicians feasting together has brought out the “tea party” protesters.
“What critics of this don’t understand is that we’re upset with President Obama, yes, but also upset with Bush administration bailouts, and how Obama has taken that and compounded it with all his spending,” said Mike Lennox, a real estate manager.
“Democrat, Republican, I don’t care about the excuses. What we’re tired of is all the lies and the corruption,” Lennox said.
The Tea Parties are about NO TAXATION WITHOUT REPRESENTATION. Even dullards like Margaret Carlson understand that:
If only he stood as firm against the rulers of Wall Street who’ve held America hostage for months. Since taking office, Obama has shown a stunning willingness to spend money and not call anyone to account for breaching the few strings he’s attached.
When the bankers complained about pay restrictions imposed by Congress, the Obama administration quietly worked out a mechanism by which the banks could avoid the rules and still receive bailout money, according to a report in the Washington Post. The Treasury denied that bankers were getting any such break. [snip]
Of course, the banks have little to worry about from the stress tests. They’ll be about as indicative of their health as an examination of a 300-pound patient walking 2 miles per hour on a flat treadmill at the cardiologist’s office.
Not only that, the proctors are grading on a curve since the Financial Accounting Standards Board relaxed mark-to-market accounting rules, which require banks to assess assets each quarter to reflect market prices. The Treasury knows that actually labeling toxic assets, recently renamed “legacy” assets, at their super-discounted value would give the system a heart attack.
Obama defended his actions in an April 14 speech, saying that while it makes sense morally to go hard on the bankers, it’s not practical “because it is more likely to undermine, than to create, confidence.”
That’s because the executives have convinced the president to reward the geniuses who got us into this mess as the only ones who can get us out. [snip]
In other words, if you want kidnapped taxpayers back alive, hand over the rest of the money in unmarked bills or we’ll really ruin the economy.
Margaret Carlson is a Big Media favorite so she will not be mocked even as she describes what the Americans who attended April 15 Tea Parties understand to be the economic fact of the day: taxation without representation. It is additionally insulting that some of Obama’s most powerful and influential appointees are tax cheats.
The Tea Parties inform Obama that Taxation Without Representation will be resisted.
Former Democratic favorite Paul Krugman is now detested by the Hopium addled because he will not go into the Obama temple and drink the mind altering Hopium, nor inject Hopium, nor sell Hopium. Krugman too describes the economic real world and the Chicago Obama Hopium addicts do not like it:
Ben Bernanke, the Federal Reserve chairman, sees “green shoots.” President Obama sees “glimmers of hope.” And the stock market has been on a tear.
So is it time to sound the all clear? Here are four reasons to be cautious about the economic outlook.
1. Things are still getting worse. Industrial production just hit a 10-year low. Housing starts remain incredibly weak. Foreclosures, which dipped as mortgage companies waited for details of the Obama administration’s housing plans, are surging again.
The most you can say is that there are scattered signs that things are getting worse more slowly — that the economy isn’t plunging quite as fast as it was. [snip]
2. Some of the good news isn’t convincing. The biggest positive news in recent days has come from banks, which have been announcing surprisingly good earnings. But some of those earnings reports look a little … funny. [snip]
3. There may be other shoes yet to drop. Even in the Great Depression, things didn’t head straight down. There was, in particular, a pause in the plunge about a year and a half in — roughly where we are now. But then came a series of bank failures on both sides of the Atlantic, combined with some disastrous policy moves as countries tried to defend the dying gold standard, and the world economy fell off another cliff.
Can this happen again? Well, commercial real estate is coming apart at the seams, credit card losses are surging and nobody knows yet just how bad things will get in Japan or Eastern Europe. We probably won’t repeat the disaster of 1931, but it’s far from certain that the worst is over.
4. Even when it’s over, it won’t be over. [snip]
Don’t be surprised if unemployment keeps rising right through 2010.
Those who attended the Tea Parties were diverse just as the economic catastrophe is diverse.
There were more left wing crazies protesting everyone there by calling their fellow Americans “rascist” for oppsosing massive multi-trillion dollar spending with little appearance of oversight or sense of where the money was going, other than bailing out a vast nebulous black hole of toxic assets at 100% to the dollar!
There were men, women, Democrats, Independents, Republican, Libertarians, gays, straights, Black and White, Latino and Asian, Young and Old, Urbanites and Suburbanites and Ruralites. It was a rainbow coalition of Americans who were fed up depending on who you were talking to.
Just as tea comes in many flavors and kinds, and from many countries – the demographics, politics, and the reasons for those attending the tea parties had many flavors and origins. But tea comes from one species of plant and the Tea Parties of April 15, 2009 came from a single, very American principle.
That very American principle is: Taxation Without Representation Is Tyranny.
Many Americans are now beginning to resist taxation without representation – whether by Bush W. Republicans or B. Obama Dimocrats.
Big Media and Big Blogs may scoff at the Tea Parties, but the British scoffed too.