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Tea Party Movement Not Realizing U.S. is Bailing Out Greece, Says CNBC Host (Video)
Newsbusters ^ | May 10, 2010 | Jeff Poor

Posted on 05/10/2010 1:01:51 PM PDT by Rufus2007

The European Union and the International Monetary Fund to the rescue! The Dow Jones Industrial Average (DJIA) soars and investors breathe a sign of relief. But where's this $1 trillion in bailout funds for Greece coming from?

On CNBC's May 10 "Squawk Box," host Joe Kernen channeled Rick Santelli's anti-bailout populism, suggesting it was important to note that this bailout was made possible in part by the American taxpayer.

"On one thing, Rick - because you started the whole thing where you said, ‘Are you listening, President Obama?' about paying for your neighbor's mortgage," Kernen said. "Are you, could you really tell the American taxpayer, you can connect the dots between them and Greece? I mean are they paying for some lavish benefits in Greece right now?"

...more (w/video)...

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bloggersandpersonal; greece; moneylist; ricksantelli; teaparty
I am a little surprised there's not a little more backlash about this.
1 posted on 05/10/2010 1:01:51 PM PDT by Rufus2007
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To: Rufus2007

I realize it. But what can I do?


2 posted on 05/10/2010 1:03:48 PM PDT by Minus_The_Bear
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To: Rufus2007

Many of us realize what is going on. We are waiting until November...don’t fool yourself into thinking we’ll forget.


3 posted on 05/10/2010 1:05:20 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: Rufus2007

It is only a $100B right now..so it is small potatoes. Just another AIG or Fannie Mae..no biggy.
What they also aren’t jumping up and down about it that it won’t work. It is just kicking the can down the raod and when it comes back it will be worse and no country will have borrowing power to get out of it.
I really think they are planning on inflation curing the debt issue.


4 posted on 05/10/2010 1:05:45 PM PDT by Oldexpat
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To: Rufus2007

I’ve been saying all along that we would pay for some of it.


5 posted on 05/10/2010 1:06:52 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Rufus2007

BS...we REALIZE it fully well....and we’re working as hard as we can to overcome the OVERLORDS of the Plantation who are making us subservient to the WORLD.


6 posted on 05/10/2010 1:06:59 PM PDT by goodnesswins (Destroy AMERICA.....Vote DEMOCRAT)
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To: Rufus2007
The Fed extending a credit line to Europe again... is stupid to put it kindly.

Why the House and Senate are not approving those decisions I do not know.
7 posted on 05/10/2010 1:07:03 PM PDT by Minus_The_Bear
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To: Oldexpat

"So you say we owe you a billion dollars? No problem. Kids! Get the man a billion."

8 posted on 05/10/2010 1:07:41 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Rufus2007
Short of armed insurrection... what can we do? obamunists are running things today with rino help.

LLS

9 posted on 05/10/2010 1:10:19 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: Rufus2007

When did being against bailouts become ‘populism?’


10 posted on 05/10/2010 1:10:22 PM PDT by posterchild (Endowed by my Creator with certain unalienable rights.)
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To: Rufus2007

Obama has anesthetized us into counting in terms of trillions. In the context of Obama’s increasing the deficit by about $9T over the next 10 years and $107T unfunded liabilities for SS and Medicare, what’s another $50B? It’s literally rounding error in the grand scheme of things.


11 posted on 05/10/2010 1:13:09 PM PDT by DrC
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To: Rufus2007
The DJIA was up 400 points today!

Remain calm!

ALL IS WELL!!

12 posted on 05/10/2010 1:14:01 PM PDT by Ken H
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To: LibLieSlayer

The FED is doing this without any leash from even the moonbats in congress nevermind Rinos.


13 posted on 05/10/2010 1:15:04 PM PDT by omega4179 (www.jdforsenate.com)
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To: Rufus2007

what goes around comes around... one day in the not so distant future they will be writting off our national debt, since their is no way in the world we are ever going to repay our national debt at this point.

Socialism doesn’t work.


14 posted on 05/10/2010 1:16:21 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Rufus2007

40+ Million Americans are on FOOD STAMPS, and Obama is sending tens of billions to GREECE, to save his Goldman buddies.

TRICKLE UP POVERTY


15 posted on 05/10/2010 1:17:55 PM PDT by tcrlaf (Obama White House=Tammany Hall on the National Mall)
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To: Rufus2007
We understand that America is bailing everybody else out and they will still hate us.

Lets see, we owe a trillion or so to China, Europe will owe a trillion to us.
Europe will never pay it back. It would be "mean" for America to demand it.
We will probably forgive it realizing it won't make any difference.
China will not be so forgiving. We will end up paying it back over the next 40-100 years, with interest.

Next time, I want a president who looks out for the US of A.

16 posted on 05/10/2010 1:20:28 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: omega4179

The rinos will be on Fox News giving obama cover.

LLS


17 posted on 05/10/2010 1:23:45 PM PDT by LibLieSlayer ( WOLVERINES!)
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To: Minus_The_Bear
I realize it. But what can I do?

SFA

18 posted on 05/10/2010 1:24:47 PM PDT by Riodacat (Never attribute to malice what can be adequately explained by stupidity.)
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To: goodnesswins

“BS...we REALIZE it fully well....and we’re working as hard as we can to overcome the OVERLORDS of the Plantation who are making us subservient to the WORLD.”


Yeah, what the hell is CNBC smoking? It’s the stupid Obama voters that don’t realize it. Obama voters don’t even have a basic understanding of monetary policy and all the other BS like THIS that goes along with it. Heck, a lot of them didn’t even know which party controlled Congress during the 2008 elections—you think they even have a clue about whats going on in Greece?

What a crock of horsesh%%T!


19 posted on 05/10/2010 1:31:33 PM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: highlander_UW
"Many of us realize what is going on. We are waiting until November...don’t fool yourself into thinking we’ll forget."

Not only November. Here in Pennsylvania we have primaries coming up May 18th - next week.

I don't bother phoning my elected idiots in Washington anymore. I've turned my energy to making them unemployed. There is no reasoning with the likes of Arlen Specter. He and his cohort must go.

20 posted on 05/10/2010 1:50:13 PM PDT by Think free or die
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To: Think free or die
Not only November. Here in Pennsylvania we have primaries coming up May 18th - next week.

Go get 'em!

I don't bother phoning my elected idiots in Washington anymore. I've turned my energy to making them unemployed. There is no reasoning with the likes of Arlen Specter. He and his cohort must go.

In my area we have mostly democrats in a blue state...hard swimming, but maybe we'll get rid of Sen. Murray.

21 posted on 05/10/2010 2:00:53 PM PDT by highlander_UW (First we take down the Democrats, then we clean the Augean stable that is the GOP.)
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To: cripplecreek

You’re right. The US funds the IMF to a tune of 70% and the IMF is contributing $320 Billion in this most recent bailout. You are correct to assume that this only delays the inevitable. Unless Greece makes structural changes to their economic system, they will NOT succeed. The rise in their VAT to 23% is the wrong way to go. The fact that 1/3 of their workforce (EU numbers) works for the government does not create any wealth whatsoever; it just means more parasites at the trough (retirement at an early age, long vacations, generous penions and benefits).


22 posted on 05/10/2010 2:16:31 PM PDT by 12Gauge687 (Extremism in the defense of liberty is no vice)
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To: 12Gauge687

I dont’ bother calling deby whatshername-shitforbrains either.


23 posted on 05/10/2010 2:47:47 PM PDT by bicyclerepair (FR - my online family. From Ft. Lauderdale, Florida)
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To: Rufus2007

There’s nothing to see here people. Just move along — move along — move along — move along — mov.............


24 posted on 05/10/2010 3:23:12 PM PDT by StormEye
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