Michael Barone, senior political analyst for The Washington Examiner, writes about what the Tea Parties are really about.
(Hint: It doesn't involve hating anyone, hunting wolves from helicopters, funding from the Bavarian Illuminati, or any of the other smears you've heard.)
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Re: Part 2
That said ... while I see your point as regards Tea Party/Republican compatibility vs. Tea Party/Democrat compatibility, and am not greatly surprised by it, I'm not sure your conclusion from it that the Tea party is not truly populist is valid. I would put it to you that the Republican and Democratic parties have so polarized the country with their "Us vs. Them" politics that it is probably not possible to have a platform that would appeal both the the majority of generally-conservative voters AND the majority of generally-liberal voters. In short, I think you're trying to set a standard of populism that just is not possible in the current political landscape of the US.
Or perhaps the Tea parties would have a smaller Palinite element and a larger Democratic element. But since he didn't, all one can do is speculate.