The recently-passed big-spending budget deal’s failure to generate significant opposition from the “tea party” has led some to pen obituaries for this once-powerful movement. These commentators may have a point. However, few of them understand the true causes of the tea party’s demise.The movement commonly referred to as the tea party arose in opposition to the 2008 bank bailouts. The tea party grew as its focus shifted to opposition to President Obama’s policies, particularly his stimulus...
