Karl Denninger, Tea Party Founder, Blasts Palin, Gingrich & 'Douchebag' Tea Party Groups

Karl Denninger, an original organizer of the Tea Party, is out with a livid blog post blasting current leaders of the conservative movement and the apparent hypocrisy in their views of the economic issues that originally catalyzed its creation.

According to Denninger, "Sarah Palin, Newt Gingrich, Bob Barr, and douchebag groups such as the Tea Party Patriots" are to blame for the bastardization of a movement that now seems focused on "Guns, gays, God," instead of the Tea Party's original mission: to castigate the federal government for supporting the "rampant theft" of taxpayer dollars that went toward "propping up FAILED private businesses."

Here's the down and dirty of what Denninger believes the Tea Party was all about:

In short, The Tea Party was and is about the the corruption of American Politics and the blatant and outrageous theft from all Americans that has resulted. It is about personal responsibility and enforcement of the law against those who have robbed, financially ****d and pillaged the nation.

Denninger's analysis of the movement now led by former Alaska Governor Sarah Palin and represented by GOP candidates such as Sharron Angle, Rand Paul and Christine O'Donnell is biting:

Tea Party my ass. This was nothing other than The Republican Party stealing the anger of a population that was fed up with The Republican Party's own theft of their tax money at gunpoint to bail out the robbers of Wall Street and fraudulently redirecting it back toward electing the very people who stole all the ****ing money!

Denninger also spoke to MSNBC's Dylan Ratigan on Tuesday about the transformation of the Tea Party.

Watch Karl Denninger on MSNBC:

Comments

[wcinvest]

03:28 AM on 11/01/2010

(part 2)
Countrywide, Washington Mutual, Wachovia, Bear Stearns, Merrill Lynch, Lehman et cetera were some of the worst abusers. Yes, many of these financial institutions were acquired by the big banks. The big banks stopped the worst lending practices from these failed institutions fairly quickly. And many of those mergers were at the behest of the government and all of these acquisitions were blessed by the government. As much as I dislike many CEOs and big banks, I don't think these companies were that much worse then many large American companies. Some will say they should be much better since they have the FDIC guarantee on deposits and get cheap money from the Federal Reserve but in response I would say nearly all large American companies get big contracts from the government. Obviously, the big banks acquired some banks that had done some pretty bad things but I trust our court system to sort out contract law much more then the other parts of the government to sort this out. Enough companies did fail or were bought out for next to nothing that at least common shareholders of banks have learned a lesson to be more vigilant.

On his blog, from my lurker's perspective he does stifle dissent too much. Perhaps, half of the reason is legitimate of not wanting the site to deteriorate but the other reason is I don't think he likes serious and informed challenges to his viewpoints.

[wcinvest]

03:15 AM on 11/01/2010

Read this one a bit too late.

Some comments.
I certainly credit/blame Ron Paul for starting the tea party but I agree that it probably wasn't one individual like some other parties. Paul's politics and economics I'm guessing only overlap with Denninger's 60-70% of the time. Denninger has stated in the past that he is a Republican but he did supposedly vote for Obama out of disgust at McCain supporting the bailouts.

I do think he goes way too far at times and without perspective but Denninger has been after the banks/government officials since I believe 2007. I think a bit unfairly when you consider most of the big banks with the exception of Citibank, were not the financial institutions most responsible for the bubble. I do give him credit for pointing out the GSEs were insolvent and pointing out the problems with pensions that have gotten too generous.

to be continued

[blacksparrow]

06:41 PM on 10/27/2010

Listen! Hear that? It's the world's smallest violin playing the classic, "How Did You Not See This Coming?"

[mario59]

10:20 AM on 10/25/2010

Welcome, Mr. Denninger to how the rich use their money all in the name of "free speech"!! Ain't so free, is it?

[brooksbayne]

03:37 PM on 10/24/2010

too bad for all you socialist/neo-marxist/collectivist haters that no one in the movement has ever heard of this guy before.

[blacksparrow]

06:43 PM on 10/27/2010

Communist! RAAARGH! Pinko Socialist Communist LIBRILS!!!!!
Really guy? Want to throw an "Obama-Osama" in there for good measure? Just because you don't read the news and would rather troll on a liberal blog doesn't make you the spokesman for a political movement.

[Deltalk]

09:42 PM on 10/23/2010

Palin, Steele, Rubio rally GOP faithful in Orlando

Sarah Palin told a fired-up crowd of 2,000 Florida Republicans that the financial future and personal freedom of Americans depend on the GOP faithful turning out the vote for conservative candidates across the nation in ten days. Bill Cotterell of the Florida Capital Bureau reports:
"Winning means that we secure our nation, we secure our free markets, we secure our freedoms," Palin shouted to about 2,000 flag-waving, chanting supporters at a convention center near Walt Disney World.

The former Alaska governor was the featured speaker at a two-hour pep rally the Republican National Committee dubbed "Sprint to the Finish," boosting the candidacies of GOP nominees for the U.S. Senate, governor, state Cabinet seats and the U.S. House. RNC Chairman Michael Steele and state GOP Chairman John Thrasher said four Florida districts -- three of them in conservative Central Florida -- are key to the party's prospects of winning control of Congress on Nov. 2.

The GOP needs 10 Senate seats and 39 in the House to take over Congress. Rally participants, who paid $25 a ticket to hear Palin and a succession of top state party leaders, waved signs emblazoned "Fire Pelosi," a reference to Democratic House Speaker Nancy Pelosi, D-Calif.

Palin made a strong pitch for Florida GOP nominees and predicted the party would prevail, at the state and national levels. But she said everything depends on "our ground game in the next 10 days."

[turfkiller]

10:14 PM on 10/23/2010

"Palin will gladly "morph" into anything that advances her celebrity and wealth. She's a terrible mother, was a lousy Governor, and an awful running mate for McCain... but she love's chatting it up with her fans, spending big bucks on hair, clothes, cosmetics and, of course, she loves being on TV. If Sarah needs to tone down the religious rhetoric a little to get elected to office or cast on a reality TV show, she'll present a less evangelical veneer."

“She has faith in the ignorant to provide her more money to tell them what they want to hear. It is ashame that a person can work hard all their lives and barely make it in America and then someone like Palin can come along and make millions to simply open their mouths and say absolutely nothing that make sense. Good thing the McCain camp took her to AZ for some education on how to never answer a question that has not already been approved. Palins' America would be a nightmare for many here and the entire world at large. Then again, Palins' America would be quick to destroy itself.”

[Cole 33]

08:27 AM on 10/22/2010

I like what he says about this!

Unfortunately i doubt many at those rally can articulate that, and really when you're carrying a sign that say kill gov healthcare and don't touch my medicaid....you lose the sane people

[lstl4]

08:24 AM on 10/22/2010

If that is what the tea party is all about, I can agree with that, but you have these nuts like Palin, Gingrich, Beck and others who are so far out of the main stream that most of Americans will have nothing to do with this organization.

[fromdnorth]

07:15 AM on 10/22/2010

No cops on the beat...

[MildenHall]

05:46 AM on 10/22/2010

Yep, Karl, that's about it.

[peegan]

05:12 AM on 10/22/2010

The Tea Party was never that pure to begin with in my opinion. But going with this fantasy, the behind the scenes funders of the T.P. have been very good at convincing a large group of people to pull their own coffin. It makes me think of the mob, having a victim dig their own grave.

[RINO non conservatum]

11:11 AM on 10/22/2010

KIND OF REMINDS ME OF SS UBER LIEUTNANT IIOTT HOLDING THE MAUZER TO HIS HEAD AS HE DIGS HIS OWN GRAVE. JUST LIKE MANY GERMANS ENDED UP DOING WHEN ADOLF WARPED INTO HIGH SPEED, THEY BECAME THE GERMAN RESISTANCE. DON'T WISH FOR WHAT YOU CAN'T HAVE AS LONG AS YOU HAVE XENOPHOBIC EVENGELICAL CHRISTIAN CONSERVATIVES BACKING YOU. SHAME ON YOU KARL FOR THE ZIT YOU POPPED WHICH HAS LED TO AN UNCONTROLLABLE FULL BLOWN CASE OF PIMPLES ALL OVER AMERICA's FACE.

[fishnetdiver]

04:55 AM on 10/22/2010

I'd say 'I feel for you' Mr. Denninger but the fact is you're a couple of years too late to start whining that someone stole your toy.
As my hero Deputy Barney Fife would advise: "Nip it in the bud!"

[Ryan Hidalgo]

01:22 AM on 10/22/2010

The Moderators have been kicking me around pretty bad. My comment's been deleted at least 4 times and it violates nothing in the "View FAQ." I quote the article above, it is stated that it is quoted from the article in the comment; I use the word "d**chebag" in reference to the colorful language used by Derringer and how its like mine; I reference Paul Krugman's ideas on the subject of "Too big to fail banks" which I pertain to Krugman; and I also offer my own analysis of who Derringer should be angry at as well as where the tea party originated, which everyone knows. But that I have wanted to share my woven intellectual insight with the blogosphere since yesterday effecting in at least 4 deletions is making me consider one of the following: contact Huffpo administrators OR blog somewhere else.

[peegan]

05:03 AM on 10/22/2010

Contact HP please. They know they they have a problem with this beta system of moderation, but the more feedback, the better. Moderators must be trained to follow the posted rules.

[judow]

09:28 AM on 10/22/2010

Kudos to Derringer! Everything he states here about TEA is true. Glad to know this problem with having comments removed is a system issue, I always thought it was censorship. I'll give HP the benefit of an ailing system.

[Max Stirner]

12:47 AM on 10/22/2010

Well it's really pretty much the norm for ideological movements with a good purpose to be co-opted by unethical power brokers. Mr. Denniger's comments, while reassuring, will have no effect. His movement has been turned into something else.
If the teabaggers somehow get some presence in congress (other than the video bytes) they will still be utterly ineffective, and will generate the greatest number of citizen-initiated ethics investigations and recalls ever.

[Deltalk]

12:41 AM on 10/22/2010

Never underestimate the American People.

On november 2nd 2010; We, The People, take America back!

http://www.youtube.com/watch?v=x_Os0cwpCQE&feature=player_embedded

[rubicon101]

07:17 AM on 10/22/2010

I never underestimate the stupidity of the american people, ever since GW Bush got elected to a second term. I do realize gullible people, who most are too busy trying to get ahead in their lives, are "led" by sinister forces that keep trying to feed us a load of fertilizer.
So you see, I would never underestimate the American people.

[Cole 33]

08:23 AM on 10/22/2010

As if we the people ever really had it.....