Some of the biggest teabagger protests took place in socialist red states. Impressive rallies occurred in on-the-dole states like South Carolina. In addition, bailout babies in Texas threatened to secede. It's ironic that Texas bailout babies became so vocal as Texas was the biggest recipient of bailout funds as part of the Resolution Trust Corporation efforts in the late 1980s. For those that need a refresher course, the Savings and Loan crisis that took place after years of deregulation and poor lending (sound familiar) during the 1980s. The government put together a bailout for the Savings and Loan industry to address the biggest bank failures since the Great Depression (sound familiar). Fully 50% of these institutions were in the bailout baby state of Texas. Folks in Texas probably have forgotten about recent requests for federal money to help with wild fires and hurricane clean up.
Interestingly, most of the states where teabagging was the most popular past time are also the states that contribute the least and receive the most in terms of federal support. These on-the-dole socialist welfare states should start by rejecting the handouts that they receive.
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