Vintage Santelli Rips Obama Policies: Why Does My Share Have to Pay for California's Teachers?

This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working.

And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government payrolls and not the infrastructure improvement is was sold to be.

"Well, you know, it's all about, in my opinion, definition and choice," Santelli said. "Definition, I don't disagree with our guest, Richard [DeKaser, president of Woodley Park Research], about stimulus, but I haven't seen any stimulus. I've seen a lot of spending. And in terms of choice, austerity isn't something people are going to volunteer for. The creditors are going to force it on them. I think these issues are much different than we're selling them. You know, we don't have a new Hoover Dam. We don't have a new electric grid. We paid a bunch of salaries and benefits and extension benefits, unemployment with a lot of that money that you save jobs because you paid teachers because states couldn't afford it I don't think any of that really falls under a definition of stimulus."

“The $787-billion stimulus passed early 2009 - it’s not working.”

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That is because it was never meant to work, as all the lies about it stated. It was ALWAYS intended to be an Obama slush fund to build socialist government size and power. And we should not forget that much of this money is still in the hands of the Obama mob waiting to be spent on the November elections and other things that they must buy, per standard modus operandi. Nothing new here, really....

Didn’t see it, but I DID see the initial rant Santelli gave from the floor on CNBC, on that fateful day, I think it was Feb 19 2009.....it was directly in reference to the first Obama transgression, the Mortgage bailout, and I do believe as much as anyone he ignited the spark that started Tea Party protests for real, when he claimed among other things, that it was a “moral hazard” for him and others to pay their mortgages when so many others were being absolved of theirs. I think the ensuing notoriety was too much for Santelli, and he probably had no choice but to recede back into his job and his functions at CNBC. I am sure, deep down he recognizes how important his rant was for the nation.

Saw it. My favorite exchange was the pro-stimulus guest (not Steve Lies-man), but some other doofus, that admitted the stimulus didn’t get all the benefits they expected. Then said “70% is better than nothing”.
He was immediately taken to task by Santelli, Melissa Francis, Trish Regan, and Larry Kudlow about how crazy that was. They all pointed out that this idiot admitted the government BORROWED One Dollar, and only got 70 cents of benefit from it. Classic smack down. Even Lies-Man could see the logic of that.

CNBC's Rick Santelli said that all government spending is not created equal, and that Obama's so-called stimulus spending went to govt payrolls and not the infrastructure improvement it was sold as.

The $786B TARP Bailout is now being called, "A MASTERFUL DECEIT." Paulson, et al, may not have pulled a fast one when he testified in favor of the TARP before Congress----but Congress' phony outrage is a puzzlement. If HR 1424 was a 'MASTERFUL DECEIT' then CONGRESS didn't do its job.

TITLE I—TROUBLED ASSETS RELIEF PROGRAM (required 'Congressional Oversight' sections listed)
Sec. 101. Purchases of troubled assets.
Sec. 102. Insurance of troubled assets.
Sec. 103. Considerations.
Sec. 104. Financial Stability Oversight Board.
Sec. 105. Reports.
Sec. 107. Contracting procedures.
Sec. 108. Conflicts of interest.
Sec. 111. Executive compensation and corporate governance.
Sec. 116. Oversight and audits.
Sec. 118. Funding.
Sec. 119. Judicial review and related matters.
Sec. 121. Special Inspector General for the Troubled Asset Relief Program.
Sec. 125. Congressional Oversight Panel.
Sec. 127. Cooperation with the FBI.
Sec. 129. Disclosures on exercise of loan authority.

In HR 1424, there are enough rules, regs and CONGRESSIONAL OVERSIGHT REQUIRED that not one Thin Dime should have been 'misspent.' So if anything crooked did go on Congress should look in a mirror. They dropped the ball -- again. And the same Gangster Government will run our healthcare.

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DID YOU KNOW? TARP was not designed to be a pool of money available for bailout of just anything that didn't move, like a couple of bankrupt unionized companies in the automobile industry? TARP was very specific in its purpose to provide liquidity to frozen banking and financial system and stave off the run on the banks (attack on the financial system, by proxy) and allow the 'netting' of the [frozen] assets on the books of financial institutions, in the aftermath of the fall of Lehman Bros and the run on trillions of dollars in money market funds in the consequent "breaking the buck" by private Reserve Primary Fund managed by Bruce Bent.

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