The Democratic lurch way left is much like the disruption Republicans felt about decade ago with the rise of the tea party, says John Boehner.
The Democratic Party's lurch to the left is much like the disruption Republicans felt about decade ago with the rise of the tea party on the far-right, former House Speaker John Boehner told CNBC Friday.
The austerity-minded tea party, aimed at reducing the size of government, started after CNBC commentator Rick Santelli went on a tirade in February 2009, criticizing then-President Barack Obama's mortgage bailout plan. The rant came about a month before the financial crisis-bottom in the stock market.
In Friday's "Squawk on the Street" interview, Boehner said he would not hazard a guess on which candidate would win the 2020 Democratic nomination. But he did say,"It looks pretty obvious that it's going to be someone that I would describe as on a more progress side." Sanders last month announced he's running for president again, joining another champion of the left, Massachusetts Sen. Elizabeth Warren, and a host of current and former lawmakers and others seeking the Democratic nomination.
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