The movement just wants to elect one party over another when both are equally to blame. Voting for one over the other is a diversion that will not fix anything. Here are a couple ways to see through Tea Party falsehoods:
1. They blame Obama for our problems when we have been following the same economic approach since 1980. After 12 years of un-admitted recession, President Regan ushered in a new approach using, tax cuts, deregulation and massive federal spending to turn things around. This new CUT & SPEND economy favored financial sectors, creating the age of paper entrepreneurs and the bailouts needed to sustain them.
Remember these bailouts: Penn Central, Lockheed, Chrysler, Braniff, LTV, Storage Tech, Texaco, White Motors, the HUD scandal, the Savings and Loans scandal? How many times does the taxpayer have to pay for Republican and Democratic duplicity in these thefts?
No President since Regan has significantly altered the freedom of these adventure capitalist. And no one, not even the Tea Party, is talking about doing it now. Cut & Spent got us into this mess, yet remains our only economic idea.
We should be angry and want to do something serious about it. But blaming Obama for the bailouts that Bush started to save a faith-based financial system created thirty years ago is sure sign that the Tea Party either doesn’t understand what is going on or doesn’t want it to change.
2. They favor one party of the other. No one has any idea how to fix the system. Both Republicans and Democrats are equally responsible for creating and maintaining this thirty year dream of unregulated financial markets. Voting one party in over other will do NOTHING to address our situation. Replacing one bailout artist with another will NOT help the country. This is perhaps the most pernicious falsehood of this party; they parade as status quo as change.
3. They have no ideas and offer no ideas on how to fix the system. They very actively support some candidates over others (always R over D) but have no concrete actions or principals on how to fix the an investment system with abstracted ownership, a focus on short terms returns and dependence of ever more complex mathematic formulations. Until we have a something to replace cut & spent, some way to de-emphasize the importance of financial markets in our lives, we will remain beholden to financial slight-of-hand artists. And the Tea Party will remain a false front for the money men.
So go to your local Tea Party meeting and ask them what policies think will fix our system? And don’t take “vote Republican” as a sufficient answer.