Karl Denniger, Founder of Tea Party Blasts Tea Party — Karl Denniger, founder of the Tea Party, renounced is new direction on MSN. Denniger reminded us the Tea Party began as a challenge to the 700 Billion Dollar bailout for Wall Street and the banks, and the lack of aid to the citizens with foreclosures. The Tea Party demanded a clearer separation between Corporation and State and more regulation to protect the citizenry.
“Within one month,” Denniger says, “The people with the big money came in, paid for the buses, paid for the signs, and led the Tea Party in a totally different direction. Instead of fighting for policing and regulation the Tea Party is now fighting against policing and regulation.” This fighting against policing and regulation would permit the same people who received the bailouts and unprecedented power through corporate lobbyists and buying power to do as they will and take away the power of the average citizen to participate in the business world, the social life of the country, and in the political life in any effective manor.
The major feature that stands out most about the Tea Party is they have not spoken out about: unlimited corporate contributions permitted for campaigning; holding the banks accountable for the 700 Billion Dollars they received; the actions of the federal reserve; corporate lobbying; or anything related to the buying of the government through the weaving of corporations, corporate executives and the US Government; the very principles and cause on which the party was founded. A successful coup has taken place in the Tea Party. “It is amazing at how quickly it was taken over,” Denninger said. “We may need to start over completely.”
Watchdogs in pajamas will keep our country safe. Excellent post John!