Answer: The statement provided is FALSE.
Explanation: The Tea party was a political movement formed by Republicans who were against Obama's policies, such as the health care reform known as Obamacare. However, this political organization was named after an important protest: the Boston Tea Party, which took place in 1773, that is to say during the American Revolution. In that way, the statement provided is false since the Tea Party's name does not refer to the Mad Hatter's tea party in Lewis Carroll's Alice in Wonderland.