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Mortgage & Housing Market News from HSH.com
February 25th, 2009

The DC Tea Party

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While we don’t want to harp on the Tea Party phenomenon, it’s becoming apparent from the new groups forming that there’s a lot of anger and frustration out there — and that it’s manifesting itself in a growing number of public protests.

The latest group, the New American Tea Party, bills itself as “the official Washington, D.C. Tea Party blog.” The group is planning “an event happening on February 27, at 12 pm, permits pending.”

Though the event is sponsored by a number of groups, including the National Taxpayers Union, the NATP’s ‘About Us’ statement notes that

This isn’t a conservative or liberal thing.

This is about government forking over billions of dollars, OUR MONEY, to businesses that should have failed. This is about taking money from responsible people and handing it over to CEOs who squandered their own.

We are not opposing any specific legislation or politician. We are instead addressing the broader philosophical implications of a government that has grown too large and too distant from the very citizens it taxes. This is scary stuff.

There’s also a list of links on the site to “Tea Parties Near You,” which currently includes Atlanta, Georgia; Chicago, Illinois; Dallas-Fort Worth, Texas; Fayetteville, North Carolina; Houston, Texas; Kansas City, Kansas; Philadelphia, PA; and Washington, D.C.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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