QOTD: Tea Party Political Failings

Ian Shepherdson of High Frequency Economics essentially saying you can blame the Tea Party if market collapses:

“The Speaker is in office, but not in power, because the Tea Partiers do not respect party discipline. They argue that they are standing up for principle, but the principle they have chosen to defend is the idea that the only thing that matters is rapidly and substantially shrinking the government. This, we respectfully submit, is nuts. According to polls, it’s not even what most Republican voters want, never mind the country as a whole. Moreover, the first thing you learn from studying the aftermath of financial crises is that premature fiscal tightening is extremely dangerous.”

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