The Tea Party was written off as a spent force after November. Much like Occupy Wall Street, the funny radicals in three-cornered hats seemed destined to fade away. But the obituaries arrived too soon. In scheduling in the next cliff to coincide with the expiry of America’s sovereign debt ceiling, President Barack Obama has handed them an opportunity. The next seven weeks will be the Tea Party’s point of maximum leverage. The goal will be to conserve it for as long as possible (the more cliffs the better). But the urge for a showdown will also be strong.
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