Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member [1] of the Tea Party movement.
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member [1] of the Tea Party movement.
Denninger was the founder and CEO of MCSNet in Chicago. Opened as Macro Computer Solutions, Incorporated in 1987, it expanded its service offerings in 1993 to become one of the area's first commercial internet service providers. [2] [3] Among its customers was the Chicago Public Library, which relied on MCSNet for both internet access and web hosting. [4] In 1997 he led a coalition of ISPs in setting up the Enhanced Domain Name System, a short-lived alternative DNS root which allowed registrants to add their own generic top-level domains. [5] [6] Denninger continued to run MCSNet until August 1998, when he sold it to Winstar Communications for an undisclosed amount. [2] After the sale of MCSNet, he moved to Florida, where he began to devote more time to stock trading and political activism. [7]
Denninger is a founding contributor to the libertarian-oriented finance blog market-ticker.org, and has used the internet to bring attention to his concerns with the financial system. [8] He now utilizes his blog to sell his home networking daemon and sell the artwork of his highly independent daughter. In the aftermath of the March 2008 collapse of Bear Stearns, he helped found the website FedUpUSA.org [9] He came to national attention for the criticisms of the Emergency Economic Stabilization Act of 2008 which he posted on FedUpUSA.org in September that year. Of special concern to Denninger was the over-the-counter trading of credit default swaps, as well as the high leverage of financial institutions; his objections to the bailout plan stemmed from the fact that it did not address either of these issues. [7] He has also spoken out against high-frequency trading, particularly in the aftermath of the 2010 Flash Crash. [8]
Denninger was also one of the early members of the Tea Party movement, sometimes referred to as a founder. [10] On January 20, 2009, the day of President Obama's first inauguration, he published a blog post calling on readers to mail tea bags to the White House and Congress on February 1, echoing a suggestion by a commenter on one of his earlier blog posts. [11] [12] However, Denninger later expressed concern with the Tea Party movement, stating in an October 20, 2010, blog post that Republicans had hijacked the movement and perverted its original goals to the standard Republican concerns of "guns, gays and God". [10]
Denninger has been invited as a guest on a variety of television and radio programs. In July 2009, he appeared on CNBC Reports. [13] In April 2010, he appeared on the Glenn Beck show, where he spoke about the FedUpUSA.org website. [14] In October 2011, he appeared on The Dylan Ratigan Show on MSNBC to voice his support for the Occupy Wall Street movement. [15] In January 2013, he spoke with Voice of Russia in an interview covering a variety of topics, including the United States public debt, Medicare reform, and his opposition to Keynesian economics. [16]
Newton Leroy Gingrich is an American politician and author who served as the 50th speaker of the United States House of Representatives from 1995 to 1999. A member of the Republican Party, he was the U.S. representative for Georgia's 6th congressional district serving north Atlanta and nearby areas from 1979 until his resignation in 1999. In 2012, Gingrich unsuccessfully ran for the Republican nomination for president of the United States.
Herman Cain was an American businessman and Tea Party movement activist within the Republican Party. Born in Memphis, Tennessee, Cain grew up in Georgia and graduated from Morehouse College with a bachelor's degree in mathematics. He then earned a master's degree in computer science at Purdue University while also working full-time for the U.S. Department of the Navy. In 1977, he joined the Pillsbury Company where he later became vice president. During the 1980s, Cain's success as a business executive at Burger King prompted Pillsbury to appoint him as chairman and CEO of Godfather's Pizza, in which capacity he served from 1986 to 1996.
Sarah Louise Palin is an American politician, commentator, author, and reality television personality who served as the ninth governor of Alaska from 2006 until her resignation in 2009. She was the 2008 Republican vice presidential nominee alongside U.S. Senator John McCain.
Sam Adams Alliance (SAM) was a 501(c)(3) non-profit organization based in Chicago, Illinois. It was founded in 2006 and disbanded in 2012. The president was Eric O'Keefe.
Sarah Palin, while serving as Governor of Alaska, was nominated as the first female candidate of the Republican Party for Vice President of the United States. Following the nomination, her public image came under close media scrutiny, particularly regarding her religious perspective on public life, her socially conservative views, and a perceived lack of experience. Palin's experience in foreign and domestic politics came under criticism among conservatives as well as liberals following her nomination. A poll taken by Rasmussen Reports just after the Republican National Convention in the first week of September 2008 found that Palin was more popular than either Barack Obama or John McCain; however, this perception later reversed. At the same time, Palin became more popular among Republicans than McCain. A February 2010 ABC News/Washington Post poll showed 71% of Americans felt Palin lacked the qualifications necessary to be President of the United States.
The 2012 United States presidential election was the 57th quadrennial presidential election, held on Tuesday, November 6, 2012. Incumbent Democratic President Barack Obama and his running mate, incumbent Vice President Joe Biden, were re-elected to a second term. They defeated the Republican ticket of businessman and former Governor Mitt Romney of Massachusetts and Representative Paul Ryan of Wisconsin.
The following is a timeline of major events leading up to the United States presidential election of 2012. The election was the 57th quadrennial United States presidential election and was held on November 6, 2012.
Rick John Santelli is an editor for the CNBC Business News network. He joined CNBC as an on-air editor on June 14, 1999, reporting primarily from the floor of the Chicago Board of Trade. He was formerly the vice president for an institutional trading and hedge fund account for futures-related products. He is also credited as being a catalyst in the early formation of the Tea Party movement via a statement he made on February 19, 2009.
The Tea Party protests were a series of protests throughout the United States that began in early 2009. The protests were part of the larger political Tea Party movement. Most Tea Party activities have since been focused on opposing efforts of the Obama Administration, and on recruiting, nominating, and supporting candidates for state and national elections. The name "Tea Party" is a reference to the Boston Tea Party, whose principal aim was to protest taxation without representation. Tea Party protests evoked images, slogans and themes from the American Revolution, such as tri-corner hats and yellow Gadsden "Don't Tread on Me" flags. The letters T-E-A have been used by some protesters to form the backronym "Taxed Enough Already".
The Tea Party movement was an American fiscally conservative political movement within the Republican Party that began in 2009. Members of the movement called for lower taxes and for a reduction of the national debt and federal budget deficit through decreased government spending. The movement supported small-government principles and opposed government-sponsored universal healthcare. The Tea Party movement has been described as both a popular constitutional movement and as an "Astro Turf operation" purporting to be spontaneous and grassroots, but created by hidden elite interests. It was composed of a mixture of libertarian, right-wing populist, and conservative activism. It has sponsored multiple protests and supported various political candidates since 2009. According to the American Enterprise Institute, various polls in 2013 estimated that slightly over 10% of Americans identified as part of the movement.
"Death panel" is a political term that originated during the 2009 debate about federal health care legislation to cover the uninsured in the United States. Sarah Palin, former governor of Alaska and 2008 Republican vice presidential candidate, coined the term when she charged that proposed legislation would create a "death panel" of bureaucrats who would carry out triage, i.e. decide whether Americans—such as her elderly parents, or children with Down syndrome—were "worthy of medical care". Palin's claim has been referred to as the "death panel myth", as nothing in any proposed legislation would have led to individuals being judged to see if they were worthy of health care.
Our Country Deserves Better PAC (OCDB) is a political action committee (PAC) formed in August 2008 to oppose the election of Democratic Party presidential candidate Barack Obama. The organization, based in Sacramento, California, is one of the largest conservative PACs in the United States. Its current mission is to challenge President Obama and the Democratic-controlled Congress for their stance on raising taxes on the wealthy, health care, national defense, energy policy, immigration, and judicial appointments, as well as defeat the election of liberal Democratic candidates. In February 2010, Our Country Deserves Better was among the twelve most influential groups in the Tea Party movement, according to the National Journal.
Tea Party Nation is a conservative American group considered part of the Tea Party movement. Their official website describes them as "group of like-minded people who desire our God given Individual Freedoms which were written out by the Founding Fathers. We believe in Limited Government, Free Speech, the 2nd Amendment, our Military, Secure Borders and our Country!"
The Coffee Party USA is a left-leaning American political movement that was formed in January 2010 in reaction to the conservative Tea Party movement. Co-founder Annabel Park said that the group initially had significant appeal among those opposed to the Tea Party.
Joel Barry Pollak is a South African-American conservative political commentator, writer, and attorney. He currently serves as the senior-editor-at-large for Breitbart News. In 2010, he was the Republican nominee for U.S. Congress from Illinois's 9th congressional district, losing to incumbent Democrat Jan Schakowsky with 31% of the vote.
The Tea Party Caucus (TPC) was a congressional caucus of conservative members of the Republican Party in the United States House of Representatives. The Caucus was founded in July 2010 by Minnesota Congresswoman Michele Bachmann in coordination with the Tea Party movement the year following the movement's 2009 creation. Bachmann served as the Caucus's first chair.
A series of political debates were held prior to and during the 2012 Republican primaries, among candidates for the Republican presidential nomination in the national election of 2012. The first debate occurred on May 5, 2011, in Greenville, South Carolina, and was hosted by Fox News, while the last debate was held February 22, 2012, in Mesa, Arizona, and was hosted by CNN.
The 2012 presidential campaign of Newt Gingrich, former U.S. Representative from Georgia and Speaker of the House, began shortly following the 2010 midterm elections. He was politically active during the midterm elections, and helped several Tea Party-backed Republicans with his endorsements and fundraising abilities.
Social conservatism in the United States is a political ideology focused on the preservation of traditional values and beliefs. It focuses on a concern with moral and social values which proponents of the ideology see as degraded in modern society by liberalism. In the United States, one of the largest forces of social conservatism is the Christian right.
The Tea Party movement, founded in 2009, is an American political movement that advocates strict adherence to the United States Constitution, reducing U.S. government spending and taxes, and reduction of the U.S. national debt and federal budget deficit.
