In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.
"The tea parties are mostly an honest spontaneous effort by ordinary people from all over the political spectrum to express
Thankfully, there are a growing number of Americans--what I like to refer to as "teaspoons of resistance"--who have not given up the fight and are choosing to exercise their First Amendment right to peaceably assemble and "petition the Government for a redress of grievances."
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It turns out that that the tea baggers, led in part by Michelle Malkin, Glenn Reynolds and the Coward Rick Santelli, are politically more in line with the tax policies of King George than the views of the colonial patriots.
[WATCH.] Everyone from Matt Drudge to Matt Drudge is freaking out over this video of CNBC's Rick Santelli, straight-up fomentin