Given attention around Rick Santelli's CNBC rage video and growing choral society of anti-stimulus folks, who are calling for the New American Tea Party and trying to stop the progress of the flow of government's cash to the troubled homeowners which kept in mind the interesting bit of history on the original Tea Party to be noticed.
Care of The New Pamphleteers blog and the D.C. Examiner said "And did you know that the price of tea would actually decrease under the parliamentary act that sparked the Boston Tea Party?"
...There's a consequence here. The let-them-fail attitude of Tea Partiers toward foreclosures could come with a hefty price tag. As Clive Crook pointed out last week, the bailout may be unfair but instead of pricier tea, doing nothing could mean more damage to home prices...
There is no doubt that Rick Santelli and everybody else in this video do have all the best interests of the country in their heart. If the Tea Partiers are aware of the risks of higher foreclosures, and are willing to sacrifice that "public interest" and watching their own homes lose value as foreclosures in their neighborhood increase, then the commitment can be considered a dignified position for a set of free-market ethics.
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