Viewing many of the Sunday morning political talk programs, I heard the Democrat talking heads announce that the Tea Party was to blame for the down-grade in the debt rating by Standard & Poor’s. That, perhaps, is one of the most truthful statements the Democrat pundits have rendered in a long time. While the Tea Party was realistically not the sole reason for the down-grade, their influence on the debt ceiling bill was significant.
It is my opinion that the rating service had to act to maintain a shred of creditability in view of their warning to Congress, and correct their earlier failure to act appropriately in the case of AIG, Freddie Mac, Fanny Mae, to name but a few, that led to the beginning of economic crisis.
The Tea Party is a force to be reckoned with in the next election, and it is made up of a varied group of true conservatives, independents, Republicans and even a few former Democrats. The freshmen members of Congress had no choice but to hold their line based upon their election pledge. The next general election will tell us if the Tea Party has legs. I will not be betting against the Tea Party.