Some more information from those who actually know what they’re talking about:
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At their core, both groups formed in response to populist anger in the wake of the U.S. government’s decision in 2008 to bail out the nation’s largest banks. In an effort to stave off what policy makers at the time felt was the impending collapse of the global economy, Congress approved using hundreds of billions of taxpayer dollars to prop up banks deemed “too big to fail.”
The Tea Party organized in 2009 and gained momentum through nationwide rallies and widespread media coverage. By the fall of 2010 Tea Party-backed candidates were appearing on Congressional ballot boxes across the country, their platforms unified in their disgust for excessive government spending in general and taxpayer-backed bailouts in particular, not least those targeting big banks.
Incumbent candidates who voted for the bailouts — Democrat, Republican, it didn’t matter — were excoriated for their support.
