Thu
Sep 23 2010
09:36 am

The News Sentinel has a video report that tries to explain the tea party movement from a variety of viewpoints.

In it, Instapundit notes that the movement started in response to the stimulus bill. But what if there hadn't been a stimulus bill? According to a recent study by two leading economists, GDP would have fallen 7.4% instead of 2.4%, unemployment would be 16.5% instead of 9.6% and we would be in the middle of Depression 2.0 instead of coming out of a recession.

It's also interesting to see seniors who are no doubt receiving Social Security and Medicare benefits complain about federal spending. Deficits are a major concern, too, but so are taxes. Yet no one in the tea party can explain how to cut taxes and reduce deficits at the same time.

The report also observes that the tea party is "mobilizing" and "organizing" and "energizing" people who are getting involved in the political process for the first time. One woman said she was inspired when Glenn Beck told her to get off the couch. They're mad as hell about something, but they're not exactly clear on what.

Where were these people during the eight years of the Bush administration? The bottom line, though, is a fresh new crop of gullible, low-information voters in November.

Woe is us.

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Opinari's picture

Two Points

Deficits are a major concern, too, but so are taxes. Yet no one in the tea party can explain how to cut taxes and reduce the deficit at the same time.

That's because no one wants to acknowledge the elephant in the room - that entitlement spending must be curtailed. It would be political suicide to propose extending the retirement age, trimming Medicare benefits, etc. Unfortunately, I believe it will eventually come to that.

Where were these people during the eight years of the Bush administration?

We were not being represented. Look, I know a lot of dyed-in-the-wool conservatives who subscribe to the Republican mantra. Those folks are blind to the spending excesses of the Bush years. Many of the TEA Partiers though don't go near social issues in general as political issues, but they see the spending in Washington as a major illness in need of an immediate remedy. This includes Democrats, Republicans, and Independents alike. We wanted small government in 2000. That has not changed. Hopefully, the next Congress will embrace that ideology, although even now, I remain skeptical.

R. Neal's picture

entitlement spending

entitlement spending must be curtailed. It would be political suicide to propose extending the retirement age, trimming Medicare benefits, etc. Unfortunately, I believe it will eventually come to that.

I haven't kept up with the latest studies and projections, but I seem to recall that eliminating the cap on payroll taxes would fix the problem. Sounds pretty simple.

Andy Axel's picture

Northrup Grumman is a Welfare Mom

None dare call military spending an entitlement, speaking of politically unpopular thought processes.

(link...)

Meanwhile, a host of companies have returned increasing amounts of cash to shareholders in recent months through dividend hikes and share buybacks as corporate cash piles hit record levels and cash-hoarding seems unnecessary following the immediate wake of the financial crisis.

Bully for Lockheed shareholders. Where do you think that 19% dividend originates?

Mike Cohen's picture

Headline

Love the Buffalo Springfield shout-out. Particularly fitting on the week CSN were here. More fitting if it had been CSN&Y.

R. Neal's picture

Having never before seen C,

Having never before seen C, S, N, Y, or any combination thereof, I feel fortunate to have seen all of them this year in Knoxville.

Thanks, AC!

WhitesCreek's picture

Missed Y, but CSN was a life

Missed Y, but CSN was a life time treat. Nash is almost 70?

There's hope and promise for all of us!

Mike Cohen's picture

N

I was lucky enough to first see Graham Nash with the Hollies when they opened for Herman's Hermits. He word a double breasted purple crushed velvet coat. Fabulous performance. I have since seen CS&N and CSN&Y. Doesn't get much better.

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