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	<title>The Washington Independent &#187; Tea Party revolt</title>
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	<link>http://washingtonindependent.com</link>
	<description>National News in Context</description>
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		<title>Remember, Remember, the 16th of December</title>
		<link>http://washingtonindependent.com/37286/remember-remember-the-16th-of-december</link>
		<comments>http://washingtonindependent.com/37286/remember-remember-the-16th-of-december#comments</comments>
		<pubDate>Fri, 03 Apr 2009 18:56:14 +0000</pubDate>
		<dc:creator>David Weigel</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[conservatives]]></category>
		<category><![CDATA[Tea Party revolt]]></category>

		<guid isPermaLink="false">http://washingtonindependent.com/?p=37286</guid>
		<description><![CDATA[<p>Gee, no one could have <a href="http://www.politico.com/blogs/glennthrush/0409/Suspicious_Tea_Bags_on_the_Hill.html?showall">predicted this.</a></p>
<blockquote><p>The Senate Post Office has recently seen an influx of envelopes containing tea bags addressed to Senate offices. The envelopes have been irradiated, x-rayed, opened and tested by the Senate Post Office and have been cleared and deemed safe for delivery. However,</p></blockquote><p> <a href="http://washingtonindependent.com/37286/remember-remember-the-16th-of-december" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>Gee, no one could have <a href="http://www.politico.com/blogs/glennthrush/0409/Suspicious_Tea_Bags_on_the_Hill.html?showall">predicted this.</a></p>
<blockquote><p>The Senate Post Office has recently seen an influx of envelopes containing tea bags addressed to Senate offices. The envelopes have been irradiated, x-rayed, opened and tested by the Senate Post Office and have been cleared and deemed safe for delivery. However, it is possible some of the envelopes may have loose tea inside.</p></blockquote>
<p>It&#8217;s part of the Tea Party <a href="http://washingtonindependent.com/31868/scenes-from-the-new-american-tea-party">anti-spending movement</a> — the really, really stupid part. Let&#8217;s just hope no one adopts baking soda as the emblem of a parental rights movement or something.<strong><br />
</strong></p>
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		<slash:comments>3</slash:comments>
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		<title>They Want to Believe!</title>
		<link>http://washingtonindependent.com/32856/they-want-to-believe</link>
		<comments>http://washingtonindependent.com/32856/they-want-to-believe#comments</comments>
		<pubDate>Fri, 06 Mar 2009 21:51:47 +0000</pubDate>
		<dc:creator>David Weigel</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[birthers]]></category>
		<category><![CDATA[Hollister v. Soetero]]></category>
		<category><![CDATA[obama birth certificate conspiracy]]></category>
		<category><![CDATA[Tea Party revolt]]></category>

		<guid isPermaLink="false">http://washingtonindependent.com/?p=32856</guid>
		<description><![CDATA[<p>Ben Smith <a href="http://www.politico.com/blogs/bensmith/0309/Birther_smackdown.html?showall">calls</a> Judge James Robertson&#8217;s memo dismissing Hollister v. Soetoro a &#8220;birther smackdown,&#8221; and he&#8217;s right. The suit, which — as the more racist birthers like to do — refers to the president of the United States as &#8220;Barry Soetoro.&#8221;</p>
<blockquote><p>This case, if it were allowed to proceed,</p></blockquote><p> <a href="http://washingtonindependent.com/32856/they-want-to-believe" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>Ben Smith <a href="http://www.politico.com/blogs/bensmith/0309/Birther_smackdown.html?showall">calls</a> Judge James Robertson&#8217;s memo dismissing Hollister v. Soetoro a &#8220;birther smackdown,&#8221; and he&#8217;s right. The suit, which — as the more racist birthers like to do — refers to the president of the United States as &#8220;Barry Soetoro.&#8221;</p>
<blockquote><p>This case, if it were allowed to proceed, would deserve mention in one of those books that seek to prove that the law is foolish or that America has too many lawyers with not enough to do.</p></blockquote>
<p>In other Birther News, the director of 2008 <a href="http://www.youtube.com/watch?v=KjxzmaXAg9E&amp;feature=channel_page">&#8220;McCain-Palin&#8221; mob video</a> asked Ohio &#8220;tea party&#8221; protesters about the president&#8217;s citizenship. Hilarity ensued. You can read Judge Robertson&#8217;s memo and watch the tea party video after the jump.<span id="more-32856"></span></p>
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		<title>The Tea Party Revolt and the Politics of Ignorance</title>
		<link>http://washingtonindependent.com/31550/the-tea-party-revolt-and-the-politics-of-ignorance</link>
		<comments>http://washingtonindependent.com/31550/the-tea-party-revolt-and-the-politics-of-ignorance#comments</comments>
		<pubDate>Thu, 26 Feb 2009 14:44:47 +0000</pubDate>
		<dc:creator>Mary Kane</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Center for Responsible Lending]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[housing plan]]></category>
		<category><![CDATA[loan modifications]]></category>
		<category><![CDATA[mortgage crisis]]></category>
		<category><![CDATA[obama administration]]></category>
		<category><![CDATA[Rick Santelli]]></category>
		<category><![CDATA[Tea Party revolt]]></category>

		<guid isPermaLink="false">http://washingtonindependent.com/?p=31550</guid>
		<description><![CDATA[<p>As Dave Weigel <a href="http://washingtonindependent.com/31486/when-its-time-to-party-we-will-party-hard">notes</a>, the Tea Party movement to protest the mortgage rescue plan and other government bailouts rolls on, with a planned rally Friday in front of the White House. The revolt over bailouts got a big boost last week with the televised <a href="http://newsblogs.chicagotribune.com/towerticker/2009/02/rick-santelli-on-his-cnbc-mortgagebailout-rant-we-really-really-tapped-into-a-nerve.html">rant</a> by CNBC&#8217;s Rick <a href="http://washingtonindependent.com/31550/the-tea-party-revolt-and-the-politics-of-ignorance" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>As Dave Weigel <a href="http://washingtonindependent.com/31486/when-its-time-to-party-we-will-party-hard">notes</a>, the Tea Party movement to protest the mortgage rescue plan and other government bailouts rolls on, with a planned rally Friday in front of the White House. The revolt over bailouts got a big boost last week with the televised <a href="http://newsblogs.chicagotribune.com/towerticker/2009/02/rick-santelli-on-his-cnbc-mortgagebailout-rant-we-really-really-tapped-into-a-nerve.html">rant</a> by CNBC&#8217;s Rick Santelli against helping troubled borrowers, and only has grown since then. Even Joe the Plumber is expected to show up on Friday, ensuring even more media coverage of the event.</p>
<p>When it comes to the mortgage rescue piece, I&#8217;m not exactly going out on a limb here when I say I&#8217;m betting that Joe the Plumber and the majority of those who show up on Friday haven&#8217;t even looked at the details of the plan. Santelli already has admitted he hasn&#8217;t read it. And that&#8217;s really too bad. Because if they had bothered to read what&#8217;s actually in there, they might not bother protesting.<span id="more-31550"></span></p>
<p>All week, I&#8217;ve been talking to housing advocates and experts, and they&#8217;re all expressing the same emotion over the mortgage rescue plan: Disappointment. As TWI&#8217;s Mike Lillis <a href="http://washingtonindependent.com/30704/housing-groups-fear-obama-plan-falls-short">wrote,</a> many consumer groups said they thought the plan fell short when it was first introduced last week. But it goes beyond that &#8212; although some help for homeowners is better than nothing, the Obama administration&#8217;s plan is hardly the breakthrough advocates of loan modifications were hoping for.</p>
<p>For example, it doesn&#8217;t include any legal protection for servicers to do modifications without fear of being sued by investors &#8212; the major impediment to mass loan modifications. The problem has tripped up everyone from Federal Deposit Insurance Corporation Chair Sheila Bair to grassroots housing organizer <a href="https://www.naca.com/index_main.jsp">Bruce Marks</a> of the Neighborhood Assistance Corporation of America. I&#8217;m hearing talk that the administration rushed the plan and couldn&#8217;t get that part together in time, and it may include servicer protections at some point in the future. But for now it&#8217;s not in there &#8212; which means the mass loan modifications the Tea Party folks are protesting aren&#8217;t likely to become a reality anytime soon.</p>
<p>President Obama also was entirely accurate when he vowed during his <a href="http://www.politico.com/news/stories/0209/19280.html">speech</a> Tuesday that the plan won&#8217;t help homeowners who bought bigger houses than they can afford. That&#8217;s because the plan has stringent limits on how far underwater a homeowner can be, in order to qualify for a loan modification. If they owe significantly more on their mortgages than their homes are worth, they won&#8217;t get help. <a href="http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&amp;ItemID=4889&amp;accnt=64847">Rick Sharga,</a> vice president of marketing for RealtyTrac, which collects foreclosure data, told me Wednesday that many homeowners in California are further underwater on their loans than the plan&#8217;s limits allow, so the plan offers nothing for them. That&#8217;s probably true in the other bubble markets as well, such as Nevada, Florida, Arizona and elsewhere.</p>
<p>No one&#8217;s sure exactly how the Obama housing plan will play out, but they don&#8217;t expect it to have more than a moderate effect on slowing down foreclosures. And there is still a tsunami coming, with $1 trillion worth of Alt-A &#8220;liar&#8217;s loans&#8221; <a href="http://washingtonindependent.com/17494/memo-to-obama-welcome-to-hard-times">resetting </a>to higher monthly payments this year, and in every year of Obama&#8217;s first term. The Center for Responsible Lending <a href="http://www.responsiblelending.org/issues/mortgage/quick-references/a-snapshot-of-the-subprime.html">breaks</a> down the numbers and finds 6,600 new foreclosures a day, or one every 13 seconds. Some 45 million homeowners not facing foreclosure are projected to experience a $233 billion decline in the value of their homes, due to several million foreclosures expected in the next two years. We&#8217;re in a mess that&#8217;s only getting worse, and protesting against a small-scale attempt to stem some of the damage simply ignores reality.</p>
<p>I can understand how Santelli, Joe the Plumber, and the other Tea Party folks might not be intimately familiar with the housing plan&#8217;s details. They&#8217;re for us loan modification junkies, an admittedly small group. But if you&#8217;re going to organize a protest, you should at least have a grasp of the basic idea here &#8212; and it&#8217;s pretty obvious we&#8217;re talking about a very modest government effort. It&#8217;s entertaining to throw a tirade about a neighbor who bought a bigger house to get an extra bathroom, as Santelli did. But look closer at the housing plan, and that neighbor probably won&#8217;t qualify for a loan mod.</p>
<p>The Tea Party folks  aren&#8217;t letting that sort of thing get in the way of their big plans. It would be a lot harder to throw a revolt if you bothered to tell people the truth about the foreclosure mess that still lies ahead, and how little has actually been done to address it.</p>
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