U.S. newspapers have recently been flooded with the name Tea Party and its influential role in the recent election. The name sounds like it was rooted from the 1773 Boston Tea Party. But what exactly is the Tea Party movement that is going on in the U.S.?
The USA Today gives a brief idea of who constitute the party and what their core beliefs are. According to the papers, Tea Party supporters are mostly Republicans and conservatives and overwhelmingly white and Anglo. They believe that the federal government has grown too big and too powerful. They also argue that the nation is taking the wrong direction and that federal debt (which can be viewed on this debt clock) is an extremely serious threat to the nation’s well being.
A look at the wiki’s page reveals that the Tea Party movement is a political movement that emerged in the U.S. in 2009. The movement's primary concerns include, but are not limited to, cutting back the size of government, lowering taxes, reducing wasteful spending, reducing the national debt and federal budget deficit, and adherence to the United States Constitution. More information can be found here.
And this is why the WSJ thinks business should fear the Tea Party.
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