Norquist pledges “Tea Party 2 will dwarf Tea Party 1.”
Both Norquist and CNBC anchor Maria Bartiromo replied that this is simply a different economic and regulatory environment than the 1990s. Norquist specifically cited the president’s health care reform law and the majority of its regulation and increased taxes which were designed to not be fully implemented until 2013-2014.
“We got four bad years of regulation, higher taxes. He wants to add more taxes to that. Tea Party 2 is going to dwarf Tea Party 1 if Obama pushes us off the cliff,” Norquist concluded.