And yet somehow the financial crisis, despite being caused in large part by deregulation, gave us the Tea Party, which wants even less regulation.

Government works so poorly for so many that it's easy to see how exploding it can become attractive. What's harder to see is that one of the reasons it works so badly is because -- ever since the Reagan era -- we've been cutting taxes, making it weaker all the time. The Tea Party may say our country is headed in the wrong direction, but the truth is that their "shut it down" philosophy has been driving the bus for decades. They just want to step on the accelerator.

-- Written by Dan Freed in New York.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Downgraded AIG Isn't Finished Falling

Downgraded AIG Isn't Finished Falling

Former AIG CEO Greenberg Can Pursue Defamation Suit Against Spitzer

How to Make Easy Money on Apple's iPhone X Worldwide Reveal: Market Recon

Hurricanes Irma and Harvey Might Cost $100 Billion, Dealing Big Blow to Insurers