Revisiting The Teabaggers

Commentary By Ron Beasley

This was predictable, a tea party civil war.  While the tea party movement may have some anti-government bigots they are upset about many of the same things as we progressives.  In a post this morning I wrote:

This is just another indication that the US is no longer a Democracy but a Corporatocracy. 
It may appear that the Democrats and the Republicans are singing
different songs but they are all marching to the same drummer.  That
drummer will be found on Wall Street not Main Street.

This is what really upsets a majority of the teabagers - and what the original Boston Tea Party was all about, the government taking the side of corporate oligarchs. Of course most of them may not realize it but this is what they are really upset about.

Watchdog excoriates execution of TARP

A Treasury Department watchdog is warning that
a key $700 billion bailout program has damaged the government's
credibility, won't earn taxpayers all their money back and has done
little to change a culture of recklessness on Wall Street.

"The American people's belief that the funds
went into a black hole, or that there was a transfer of wealth from
taxpayers to Wall Street, is one of the worst outcomes of this program,
and that is the reputational damage to the government," said Neil
Barofsky, special inspector general of the Troubled Asset Relief
Program (TARP), in an interview.

As I said below:

So the only thing the Bush and Obama administrations fixed was the bottom line of the large institutions that were bailed out.

They see business as usual on Wall Street as they suffer.  We like the teabaggers are furious, as we all should be.  The corporatists of the Republican party have used the fears and frustrations of the teabaggers but it may well turn out to be blowback for the Corporatacracy.  We may in reality have more in common with the teabaggers than either of us realize.  The teabaggers are uninformed and misinformed but in many cases we are unhappy about the same thing but neither one of us realize it.