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How will the Tea Parties solve the nation's economic problems?

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What's a good way to gauge the economic relevance of Wednesday's Tea Parties?

Use a question University of Connecticut Political Science Professor Howard Reiter asks his students to deploy: "What practical impact will this policy have on the typical person's daily life?

We know the practical impact of President Obama's policies. Since the Tea Parties expressed concern about taxes, let's focus on that issue. Obama's tax policy will cut taxes on 95 percent of Americans and raise taxes on those earning more than $250,000 per year, with some exceptions for small businesses.


Tea Partiers: no viable plan

Now ask yourself, what practical impact will the Tea Parties have on the typical person's daily life? It was hard to detect a constructive, coherent, viable plan to address the nation's problems from Wednesday's events. But then what did the Tea Parties feature?
  • People who were mad that their candidate or party had lost the election, and that President Obama and the Democratic Party won. They seem angered at the fact that the times call for collective action to address financial and economic problems, which favors solutions and polices advocated by the Democratic Party, and not their party / candidate / philosophy.
  • People who opposed government spending for financial stabilization and fiscal stimulus. One problem here: without the financial stabilization measures, the very market-based economy they support - or at least they say they support - would have slowed to a crawl, if not become completely incapacitated. Frozen capitalism: now, that would have been a postcard example of the wonders of the free market. On the fiscal stimulus, here's another bit of education: more stimulus will be needed to fill the GDP hole created by the recession, which began under President Bush.
  • An anti-intellectual strain mixed with an anti-education strain. This view is irrational and contradicts much of what the United States stands for, not the least of which is the primacy of science and the virtue that smart, talented, and educated citizens should govern and make public policy.
  • People who appeared to be opposed to all taxes. Fine. Join the club. So is everyone else. The problem is, taxes are needed to fund government services.
  • People who were opposed to 'big government,' so in that sense the rallies had a libertarian strain. Let's logically extend what the Tea Partiers advocate. Which aspect of big government do they want to dismantle first? The U.S. Department of Defense? Perhaps Social Security? Perhaps Medicare? Perhaps the National Parks Service? To cite a phrase popularized by tennis legend John McEnroe, "You can NOT be serious!" The reason we have big government again is that we have a big problem: the financial crisis. And without the intervention of that big government there would have been a very big financial and economic disaster.
Who or what are the Tea Partiers? Well, they aren't big enough to be a coalition, and they certainly aren't big enough to be a political party. They looked like an economic faction that drew from the fringe, perhaps representing 10 percent of the nation, perhaps slightly more. It was hard to spot any African-Americans, Hispanic-Americans, Asian-Americans, and members of other minority groups among the Tea Partiers, but these minority groups comprise a substantial and growing percentage of the United States voting population.

If the Tea Partiers represent the Republican Party, it's in a sorry state. They had no coherent message, no leader, and too few voters. Again, they looked more like an alienated fringe than any constructive base that you can build a movement on. If the Republican Party tries to use this faction as its base, it's making a huge mistake: this faction, and the views they expressed, will have little appeal to the electorate at large in this era. The events looked liked a loose-knit gathering of people earning over $250,000 per year who will pay more in taxes under Obama's budget, and/or people opposed to President Obama, and the Democratic Party.

Meanwhile, who does President Obama represent? Well, to cite an answer popularized by the late, great New York Governor Al Smith: "In addition to the nation's commercial interests, the President represents workers, the poor, women, families, children, senior citizens, college students, young professionals, young couples, those with disabilities, immigrants, the marginalized, the injured, the hospitalized. Thank you. God bless you."

Financial Editor Joseph Lazzaro is writing a book on the U.S. presidency and the U.S. economy.

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Last updated: November 26, 2009: 04:25 AM

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