'Tea Party' call by CNBC analyst Reacts to Obama's economic plans with 'rant' on live TV

WorldNetDaily ^ | 2/19/09 | Jerome R. Corsi

[Sammy67]

CNBC's Rick Santelli this morning at the Chicago Mercantile Exchange With tongue only partially in cheek, a CNBC analyst on the floor of the Chicago Mercantile Exchange this morning responded to President Obama's proposed $275 billion deficit-financed homeowner bailout plan and other massive spending measures with a call for a new "tea party."

Rick Santelli, in a nearly three-minute rant that drew approving hoots and comments from nearby traders, said the Obama administration's promotion of bad behavior must be causing the founding fathers to roll over in their graves.

"We're thinking of having a Chicago Tea Party in July," Santelli told CNBC "Squawk Box" co-anchor Joe Kernan. "All you capitalists who want to show up at Lake Michigan, I'm going to start organizing."

[freekitty]

I love it.

[sportutegrl]

Is Snapple considered tea?

[remaxagnt]

HOW LONG BEFORE IMMELT GIVE HIM THE BOOT?

[RoseofTexas]

By tomorrow he'll change his tune. MARK IT! The meidaWHORES and Osama’s administration will be on him like flies on crap!

[dalereed]

Everyone that doesn’t live up to the terms of their mortgage should be thrown out in the street!

[FFranco]

He’s right. There is a tremendous moral hazard in bailing out homeowners who made these stupid decisions. Besides that, the money could much better be used to help out the financial sector, on which our national economy depends.

Thousands of workers and millions of shareholders lost huge amounts of money in the financial market collapse. Use the dollars earmarked for deadbeat homeowners to give more help to those who lost investments and incomes through the collapse of America’s finance sector.

[Fu-fu2]

“I would gladly go to Chicago for this...”

I’m already here. Give a day and time and I’ll be there...

[syriacus]

We rent the house we live in.

We did not think it was a good idea to buy a house with “no money down” and “no income check.”

Why should OUR tax money be used to keep other people in houses they should NEVER have bought?

[syriacus]

How appropriate that this took place in Chicago, the city where Obama and his corrupt cronies did their dastardly work.

[Freedom56v2]

God bless Rick Santelli! He rocks!

<<<He has always been strainghtforward and hard hitting. I just emailed CNBC and complimented them and him on the best commentary since the election!

[highlander_UW]

I'm shocked they didn't pull the plug on him. It was rather telling that the coworker attempted to chalk it up to Santelli’s persuasion as if it didn't really reflect America's mood to Obama’s wealth redistribution from the working class to the lazy class.

[nutmeg]

Article by Jerome Corsi. Here's the video again in case you missed it yesterday (this thing went viral fast yesterday!):

YouTube: Rick Santelli and the "Rant of the Year"

More YouTube videos featuring Santelli

Santelli articles on FR

e-mail CNBC in support of Rick Santelli

[Monkey Face]

Too bad I don’t live there any more. It would be worth participating!

[NYRepublican72]

Our leaders and talk show hosts need to organize a coordinated TEA PARTY in every major U.S. city.

BINGO! On the Fourth of July... Declare our independence from socialist idiotness.

[Alamo-Girl]

Thanks for the ping!

[Ron H.]

You idea would have more impact IMO.

[GOPJ]

God Bless Rick Santelli - he speaks for the millions of us...

[GOPJ]

God Bless Rick Santelli - he speaks for millions of us...

tag:

Do you see $20,000 tulip bulbs for sale? Only a fool OR dem tries to prop up bubble prices.

[rabscuttle385]

*Ping!*

[Ken H]

He was going strong this evening on one of the cnbc shows - and there were 5 other panelists, all of whom seemed supportive!