Quote by Mark Zandi
The Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
Summary
This quote suggests that the Tea Party movement emerged as a result of the dissatisfaction among Americans during the financial crisis when they discovered that the federal government was considering reducing the principal on certain struggling mortgages. The quote implies that this decision by the government triggered a wave of disgust among people, which fueled the formation of the Tea Party movement.
By Mark Zandi
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