This is absolutely false. The Tea Party coalesced after the bank bailouts.
http://www.britannica.com/topic/Tea-Party-movement
https://en.wikipedia.org/wiki/Tea_Party_movement
There might have been some reactions to the Bush Bailouts, but what is the Tea Party does not come into being until Obama is sworn in.
Don't fool yourself, if Obama was White, there would be no Tea Party.