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Don’t Tread on My Checkbook

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tea party 1The Tea Party used to be laser focused on calling out the big spenders in Washington. But the TP lost its way in the rat’s nest of social issues. The TP would be better served if it focused first on fiscal responsibility. There’s plenty of ways to cut up that pig. Cato scholar Michael Tanner writes at NRO:

But there is also a more fundamental issue at play here: Is the Tea Party still the Tea Party?

Sparked by outrage over the Wall Street bailouts, the original Tea Party was motivated by an opposition to Big Government. The motto of the Tea Party Patriots, one of the largest and most influential groups, was “fiscal responsibility, limited government, and free markets.” The Tea Party’s core issues were the skyrocketing national debt and opposition to Obamacare.

Social issues were not part of the platform. In fact, Jenny Beth Martin, leader of the Tea Party Patriots told the New York Times, “When people ask about [social issues], we say, ‘Go get involved in other organizations that already deal with social issues very well.’ We have to be diligent and stay on message.”

In an April 2010 CBS News/New York Times poll, barely 14 percent of Tea Party supporters said social issues were more important to them than economic issues.

As a result, the group was able to build a broad coalition of economic conservatives — traditional Republicans, of course, but also libertarians, and fiscally conservative socially tolerant suburbanites who had drifted away from the GOP in recent years. In national surveys, roughly 40 percent of Tea Party supporters once described themselves as libertarian or libertarian-leaning.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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