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- The movement is the latest expression of anger and fear among U.S. citizens in response to the economic crisisAtlanta Journal: Fear and anger grip economy (February 22, 2009)
- Supported by primarily conservative Republican groupsAtlanta Journal: Fear and anger grip economy (February 22, 2009)
- The NATP appears to support Santelli's notion that personal mortgages should be allowed to failUS News: The Price Of A Tea Party (February 24, 2009)
- Does not take into account what the costs associated with that would beUS News: The Price Of A Tea Party (February 24, 2009)
- Facebook groups established in several U.S. cities including Atlanta, Chicago, Dallas, Fayetteville (North Carolina), Houston, Kansas City, Lansing (Michigan), Philadelphia, Washington DCNew American Tea Party: Official Home Page
- Website funded by the Americans for Tax Reform, the Heartland Institute, the Institute for Liberty, the Coalition for a Conservative Majority, the National Taxpayers UnionNew American Tea Party: Official Home Page
- Santelli's rant lasted some 4 minutes, interrupted by cheers and boos from the traders and dry commentary from the news staff at CNBCCNBC: Santelli's Tea Party (February 19, 2009)
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The New American Tea Party is a grass roots organization that protests the "broader political implications of a government that has grown too large".
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A New Tea Party
The New American Tea Party was inspired by the February 19, 2009, rant from CNBC financial reporter Rick Santelli, who stood in the Chicago Board of Trade surrounded by cheering traders and ranted about not wanting to pay his neighbor's mortgage and how capitalists should band together and dump derivative stocks in Lake Erie—as the founding fathers of the American Revolution threw tea into Boston Harbor.Daily Finance: The Rick Santelli epic continues (February 23, 2009)Quotes
"You know, the new administration's big on computers and technology? How about this, President and new administration. Why don't ya put up a web site to have people vote on the Internet as a referendum to see if we really want to subsidize the losers' mortgages or would we like to at least buy cars and buy houses in foreclosure and give 'em to people that might actually have a chance to prosper down the road? And reward people that could carry the water instead of drink the water!"—CNN financial correspondent Rick SantelliCNBC: Santelli's Tea Party (February 19, 2009)"I'm not entirely sure where Mr. Santelli lives or in what house he lives, but the American people are struggling every day to meet their mortgage, stay in their job, pay their bills, to send their kids to school, and to hope that they don't get sick or that somebody they care for gets sick and sends them into bankruptcy.
"I think we left a few months ago the adage that if it was good for a derivatives trader that it was good for Main Street. I think the verdict is in on that."—White House Press Secretary Robert GibbsExaminer: White House Press Secretary spouts plain talk defending stimulus housing planf (February 20, 2009)
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New American Tea Party News
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