‘The Tea Party, Right About Everything’

‘The Tea Party, Right About Everything’

Yes, the media and the left tried to paint the Tea Party as racist, uneducated, and wrong. But that was what they wanted it to be. They wanted to discredit it because they knew how powerful it could be. It turns out it wasn’t racist. In fact, many of the big speakers at the big Tea Party gatherings (and the smaller ones) were black and Hispanic and were cheered and shown utter support. Turned out it wasn’t uneducated. A NYT’s poll showed the Tea Party people were successful and educated. Wrong? Turns out they were right about everything.

The American Thinker breaks it down:

Minimum wage. One of the first things Democrats did after taking back Congress in 2007 was raise the federal minimum wage 41% from 2007 to 2009. Result? The unemployment rate went from 4.4% in May 2007 to 10.1% in 2009. It is 9.2% even today — four years later.

TARP. Unless you were a politician or executive of a large bank, you were likely against the Troubled Asset Relief Program. I would guess that most anyone now calling herself a member of the Tea Party was against TARP in 2008. But Senator Barack Obama voted for it, along with most of his Democrat colleagues. Also the top brains of the Stupid Party pushed it: Henry Paulson, George W. Bush, and John McCain.

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When the dust cleared, the federal government owned two bankrupt car companies and the god-awful home mortgage portfolios of Fannie Mae and Freddie Mac — entities that had nothing to do with the original purpose of TARP.

Global markets were so enamored with TARP that there was an immediate sell-off of about 20% in global stock markets the moment it went into effect. I also credit TARP, and McCain’s reaction to it, for McCain’s loss to Obama. Ever since, all budget discussions have involved units of trillions instead of mere billions. The world has not been the same since TARP.

Stimulus. Opposition to Obama’s stimulus was the origin of the Tea Party. Now we know the story.
How the stimulus was sold: It would create three million jobs or more. It would keep the unemployment rate under 8%, instead of 9% without a stimulus. It would cost $787B. The jobs were shovel-ready.

What really happened: There are 1.2 million fewer jobs now than when the stimulus was passed. Unemployment went over 10% (vs. prediction of 8%) and is still over 9% (vs. prediction of about 6.8% at this time). It cost $814B or more. Maybe 6% of it went to infrastructure projects. Obama’s reaction? A little joke: “Shovel ready was not as shovel ready as we expected.”

Of course, Obama and his minions simply blame this on their underestimating the size of the mess they inherited from Bush. But that has been studied by economists at the University of Western Ontario and Ohio State University. The verdict: the stimulus itself cost about one million private-sector jobs; the net job loss was about 595,000. We’d have been better off without any “stimulus” at all, just as the Tea Party said.

ObamaCare. ObamaCare was sold as a way to bend the health “cost curve” down. As it turned out, it is bending the cost curve up — health care will be more costly than it would have been without ObamaCare. It’s so great that in its first year about 1,500 companies, states, and unions were granted waivers.

ObamaCare strangled the recovery in the crib. The private sector has been generating only 6,400 jobs per month since it was passed, compared to 67,600 before. We would never return to pre-recession unemployment levels at the current pace. ObamaCare is costing us over 60,000 jobs per month.

Read the whole thing. It is a font of information. More on budgets, the drilling moratorium, and the uncertainty this administration has brought to the business community, killing hiring.

This incredible movement, The Tea Party, couldn’t have been more prophetic. You see, this never was about race. This was never about hate. This was never about the GOP or the Democrats. It was never about anything, but being able to see what TARP, the stimulus, the overspending, and the overreaching government would do to our country.

And just look what it has done to our country.

More and more people are waking up. More and more people are understanding how bad things are, and how bad things can get. What saves this country won’t be a leader. It won’t a President. It won’t be Congress.

It will be the people. The Tea Party.

*follow me on twitter @KatMcKinley

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