Tags: Tea Party | tea party | CNBC | Rick Santelli | fifth | anniversary

Tea Party Celebrates Fifth Anniversary

Wednesday, 19 Feb 2014 01:05 PM

By Courtney Coren

Wednesday marks the fifth anniversary of the modern tea party movement, which began with a single rant from CNBC's Rick Santelli on the floor of the Chicago Mercantile Exchange.

"A lot of people have been credited with starting the modern-day tea party but make no mistake, it was Rick Santelli," conservative talk show host Glenn Beck said  in an email to Business Insider. "His off the cuff monologue spoke the words that millions of Americans felt but could not nor dare not speak."

Santelli was ranting, as he is known to do on CNBC, on Feb. 19, 2009 about the homeowner bailout that was being proposed by the Obama administration.

Story continues below video.



"We're thinking of having a Chicago tea party in July," Santelli said in 2009. "All you capitalists that want to show up to Lake Michigan, I'm going to start organizing."

In 2010, Santelli called the rant the "best five minutes of my life."

He told Business Insider that he doesn't "feel any differently now."

"Lots of people, companies and agencies played a role but that day I was focused on the homeowners that failed in their personal financial responsibility," he said. "It was about contract law and about the government promoting bad behavior."

Santelli said he thinks that he "said something that lit the fuse" that led to the modern-day tea party movement.

"I was fed up, the country was fed up ... taxpayers were on the hook after the credit bubble popped," Santelli said.

The tea party is credited for fueling the GOP's win in the House in 2010 and still remains a force in the Republican Party and politics.

Related Stories:

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

McCain: Don't Write Off Lindsey Graham's Chances in GOP Primaries

Sunday, 01 Feb 2015 11:30 AM

Sen. John McCain says he was surprised when 2012 GOP presidential nominee Mitt Romney announced Friday he won't be seeki . . .

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

Mike Huckabee: As a Christian, I Can't Just 'Evolve' on Gay Marriage

Sunday, 01 Feb 2015 11:03 AM

Former Arkansas governor and recently retired Fox News host Mike Huckabee said he hasn't changed his personal conviction . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved