By CHQ Staff | 7/11/12
The Tea Party rebellion is about many things – Obamacare, the failure of the establishment Republican Party to deliver the conservative government it promised during the Bush years... But perhaps most importantly, it is a rebellion against the culture of privilege which now poisons American politics and business.
Nowhere was the pernicious effect of this culture of privilege more poisonous – and obvious – than in the Wall Street/Washington Axis that led the lobbying effort behind the bailouts of 2008 and 2009.
In the name of preventing a meltdown of the economy, politicians began picking winners and losers in the market and trillions of taxpayer dollars were spent to bailout banks, brokerage houses and automobile companies -- and to subsidize others to create “green” jobs or pursue other non-economic political goals.
As a result, the favored companies prospered, while those with less influence foundered and were acquired by those with better balance sheets, and better lobbyists.
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