I wonder when they’re going to start digging into Santelli’s personal life?
In fairness to Slate, I thought they deliverd an unusually even handed report. Santelli is not a derivatives trader and if Gibbs understood the Chicago floor at all, he would know that the Chicago floor is where farmers go to hedge their crop price risk and where airlines hedge their fuel costs. Not everyone there is speculating at 40 to 1.
In the long run, Gibbs and the White House are the big losers. The cat is out of the bag. The emperor has no clothes and making fun of people who point that out won’t put clothes on Obama’s misguided policies. Gibbs is going to rue the day he decided to mock the sentiments of the 90% of Americans who bought houses they could afford and pay their mortgages on time.