The notion that the Tea Party represented the righteous, if unfocused, anger of an aggrieved class allowed everyone from leftists to neoliberals to white nationalists to avoid a horrifying and simple reality: A significant swath of this country did not like the fact that their president was black, and that swath was not composed of those most damaged by an unquestioned faith in the markets. Far better to imagine the grievance put upon the president as the ghost of shambling factories and defunct union halls, as opposed to what it really was--a movement inaugurated by ardent and frightened white capitalists, raging from the commodities trading floor of one of the great financial centers of the world.