The Origins and Ironies of the Tea Party
“Critics would later point out that [Rick Santelli's] indignation had not been similarly stirred by the Bush administration's bailouts of the country's largest banks, about which he had grumblingly conceded, 'I agree, something needs to be done.' Yet when Obama proposed help for the over-extended underclasses, Santelli looked into the camera and shrieked, 'This is America! How many of you people want to pay your neighbor's mortgage that has an extra bathroom, and can't pay their bills? Raise their hand. President Obama, are you listening?'
”As his fellow traders whistled and cheered, he went on to say, 'We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I'm gonna start organizing.' From the start, the analogy was inapt. As Michael Grunwald, author of The New New Deal, a richly reported book about Obama's stimulus plan, observed, 'The Boston Tea Party was a protest against an unelected leader who raised taxes, while Obama was an elected leader who had just cut them.'"