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RICK SANTELLI 'Best 5 minutes of my life' (The Original Chicago Tea Party)
Chicago Sun-Times ^ | September 19, 2010 | ABDON M. PALLASCH Political Reporter apallasch@suntimes.com

Posted on 09/19/2010 9:54:59 AM PDT by Chi-townChief

As a staunch capitalist and social liberal, Rick Santelli might not agree with everything being said at Tea Party rallies or this weekend's Right Nation convention in Hoffman Estates, but he's proud of what he wrought.

"People ask me if I'm the father of the Tea Party movement," the CNBC commentator said outside the Chicago Mercantile Exchange. "I was the spark ...that started it. If being the lightning rod that started the Tea Party is what's written on my tombstone, I'll be very happy."

But after his five-minute "rant" on CNBC 1½ years ago suggesting a tea party in Lake Michigan against government spending, Santelli let go and never exercised any control over the movement.

"The five-minute rant was the best five minutes of my life," Santelli says. "But beyond that, really four minutes in time, it's the Tea Party. My wife pointed out to me, 'You were there for the insemination, but you were not there to raise the child.' "

Does Santelli think he created a "Frankenstein's monster" that is toppling establishment Republicans such as Delaware Rep. Mike Castle in favor of Tea Party insurgents such as Christine O'Donnell?

"No, I don't think so, but then again, how it develops from here...," Santelli said without finishing the sentence. "So far, this has been a very proud moment for America. Over time, it will get more organized and police itself -- that's the way we hope it turns out."

There's little doubt the Tea Party groups of America, which operate pretty independently, got their start from Santelli's rant on Feb. 19, 2009.

"Rick Santelli went on, and he expressed frustration at the government," Fox News commentator Glenn Beck -- the headliner at Saturday night's Right Nation event -- said on his show Wednesday. "We're rewarding what he called bad behavior [with] the mortgage bailout. He said there should be a Tea Party. Wow, he said a mouthful, because that's where it started."

Santelli is an unabashed promoter of the free market and critic of government bailouts. He rants a lot on the air, he said. But the day he slammed President Obama's plan to bail out people who couldn't pay their mortgages, he got national attention.

"How 'bout this president and administration? Why don't you put up a website to have people vote on the Internet in a referendum to see if we really want to subsidize the losers' mortgages?" Santelli bellowed on the floor of the Merc. "At least buy cars, buy houses in foreclosure, and give them to people who might have a chance to prosper ...and carry the water, not drink the water."

Turning to the traders around him, he raised his hands and called out -- like Peter Finch in the movie "Network" -- "This is America. How many of you people want to pay for your neighbors' mortgage that has an extra bathroom and can't pay their bills, raise your hand!"

The traders shouted their approval of his argument.

"President Obama, are you listening?" Santelli asked.

Backers of the bailouts criticized Santelli's rant as a rising up of the "haves" against the "have-nots," the finance people who created the mess not wanting to fix it.

"I think we left a few months ago the adage that 'If it was good for a derivatives trader, that it was good for Main Street,'" Obama's press secretary Robert Gibbs sneered.

But Santelli said his is just "tough love" opposition to giving mortgages to people who can't afford them: "Owning a home should not be viewed as an entitlement," he said.

As Santelli stood in the middle of LaSalle Street outside the Board of Trade building Friday, traders saluted him, called him a hero, gave him the thumbs-up.

"You know, before the rant, I was really a lot more under the radar screen, but since Feb. 19, 2009, my daughters now hate to go out anywhere because, 'Dad, that guy is looking at you. He knows who you are!'"

Santelli lives with his wife and the two youngest of his three daughters in west suburban Wheaton. Yes, he confessed, he and his wife, Terri, have donned sunglasses and baseball caps to surreptitiously participate in Tea Party rallies near their home, not talking to anyone, not claiming any credit, just admiring democracy at work.

He has refused entreaties to run for office or endorse other candidates. He will not attend this weekend's Right Nation event.

Santelli, grandson of four Italian immigrants, was born near Taylor Street in the city's old Italian neighborhood. When he was 6, his father moved the family out to Lombard. Santelli's father was an electrical engineer and accomplished painter who studied at the Art Institute. Santelli says he's not a bad oil painter himself.

Santelli graduated from Willowbrook High School in Villa Park, then studied economics and pre-law at the University of Illinois in Champaign. After having lunch with a friend's father who traded pork bellies, Santelli signed up to be a runner for Shearson. He skipped law school and traded for 20 years, then went on-air for CNBC full-time in the '90s.

Does he see any problem injecting his own opinions into his broadcasts?

"I'm a capitalist," Santelli said. "I believe capitalism is the best system to allocate resources, to allocate jobs. I am prone to very passionate spots. I rant a lot. The markets to me are really very exciting, the greatest Rubik's Cube ever created by man."

Is there any part of the rant he'd take back?

"When I said 'losers,' that's the one thing sometimes I wish I could change," Santelli said. "But people misinterpret -- I wasn't saying, 'You're a loser.'

"I'm a market guy. Everything is a winner or a loser. I believe there's only one regulation in life that works: failure. We had 800 regulators on top of AIG. How did that work out? What keeps banks and entrepreneurs and capitalists from going too far is the fact that if they do, they may fail. If you take that away, you affect the whole system. I think that's what bugs me the most."

The New Yorker magazine offered evidence that the Tea Party movement has actually been funded and organized by corporate elites such as oilmen Charles and David Koch. But Santelli sees an organic, grass-roots movement akin to the Colonial-era tea party.

What advice does Santelli have for Tea Partiers and activists at Right Nation?

"Keep their strategies simple, keep their platforms short, keep focused, fiscal discipline, watch the spending, further the notion of individualism, they already have done that in my opinion."


TOPICS: Breaking News; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: 15minutes; 2010; chicago; cnbc; right; santelli; teaparty
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Amazingly, the Sun-Times gives Santelli his props!!!

Great ideas better than great leaders

1 posted on 09/19/2010 9:55:04 AM PDT by Chi-townChief
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To: Chi-townChief

To me, Santelli’s rant and the youtube clip with the birther woman confronting Castle (of all people) marked the birth of the tea party movement. The confrontation with castle was important because it showed that people were not afraid to stand up to elected officials.


2 posted on 09/19/2010 10:00:24 AM PDT by Lou Budvis (Refudiate 0bama '12)
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To: Chi-townChief

Proverb success has many fathers, failure is an orphan

1.Many will seek credit for success, few will accept responsibility for failure.
Wiktionary


3 posted on 09/19/2010 10:02:05 AM PDT by Marty62 (marty60)
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To: Marty62

Santelli never looked for any credit - he just speaks his mind.


4 posted on 09/19/2010 10:06:28 AM PDT by Chi-townChief
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To: Chi-townChief

America finally sees the knife the RATS and RINOS are plunging into it’s heart and is fighting back! It’s like seeing the American revolution again without the bullets. (So far)


5 posted on 09/19/2010 10:11:10 AM PDT by Nateman (If liberals are not screaming you are doing it wrong!)
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To: Chi-townChief
Not to quibble, but wasn't their one Tea Party protest in the Northwest a week or 2 before Rick's Rant?

Freepers with great memories, please respond...

6 posted on 09/19/2010 10:12:19 AM PDT by taildragger ((Palin / Mulally 2012 ))
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To: Chi-townChief

Here be the thread from that memorable morning!!

http://www.freerepublic.com/focus/f-news/2189035/posts

CNBC Floor Commentator Outburst “Obama are you Listening?”(SILENT MAJORITY ALERT)
CNBC.com ^ | 2/18/2009 | Rick Santelli

Posted on Thursday, February 19, 2009 7:35:24 AM by longtermmemmory
Edited on Thursday, February 19, 2009 12:57:49 PM by Admin Moderator. [history]


7 posted on 09/19/2010 10:22:29 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Chi-townChief

How can you be a staunch capitalist AND a social liberal?

I can understand being a staunch capitalist and a philanthropist...


8 posted on 09/19/2010 10:24:50 AM PDT by AnglePark
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To: Nateman

I heard a Rush stand-in (one of the Marks) on Friday use the phrase “Peasants with Pitchforks.” I like it...I like it a lot!


9 posted on 09/19/2010 10:39:06 AM PDT by ArchAngel1983 (Arch Angel- on guard / I'm not anti-government, I'm anti-democrat!)
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To: Nateman

>America finally sees the knife the RATS and RINOS are plunging into it’s heart and is fighting back! It’s like seeing the American revolution again without the bullets. (So far)

Ah, but there *ARE* shots which have been fired: consider a SWAT raid, especially those executed without warrants. By whose authority do they do this?
The police chief may issue the order, but his authorization comes from a greater power. The State may be complacent in giving that power, but even its power to authorize such actions comes from a greater authority: the federal government. The federal government, in the body if the supreme court, has declared that such actions are tolerable... but what authority is given to the Supreme Court to make such a declaration? The Constitution, in Amendment Four, plainly states that the government may not search or seize person or property without a warrant.

Therefore, it becomes clear that the Supreme Court has taken on itself a position of greater authority than the Constitution (i.e. they are INSUBORDINATE and REBELLIOUS to it). Therefore, let us not delude ourselves; shots have already been fired in this war and it is a rebellion that the Government has started against the Constitution.

— — — — — — — — — — — — — — — — — —

“It is in vain, sir to extenuate the matter. Gentlemen may cry, peace, peace - but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it the gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God - I know not what course others may take; but as for me, give me liberty or give me death!” —Patrick Henry

{Read Patrick Henry’s Famous “GIVE ME LIBERTY OR GIVE ME DEATH!!”
http://www.iahushua.com/WOI/henry.html }


10 posted on 09/19/2010 10:40:06 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: abb; maggief; onyx; penelopesire; Liz; hoosiermama; SE Mom; nutmeg; SunkenCiv; All

That Santelli DID it .. THE best! Here’s a better video.
The link posted was on high speed and was done in two secs.

http://www.youtube.com/watch?v=APAD7537RN0&NR=1

Aaah, the memories .. God bless you, Rick Santelli!

(Booo on ya anyway, GE!)


11 posted on 09/19/2010 10:41:03 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: AnglePark

“How can you be a staunch capitalist AND a social liberal?”

It means they started but haven’t yet completed the development of their personal philosophical framework.

Capitalism of itself does not preclude social liberalism; but social liberalism cannot help but attack and erode capitalism.


12 posted on 09/19/2010 10:47:13 AM PDT by lowtaxsmallgov (http://www.chrisgibsonforcongress.com/donate.html)
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To: AnglePark

The answer is that you can’t. Social liberalism undermines everything else.


13 posted on 09/19/2010 10:48:01 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Lou Budvis

That, and the guy who stood up to Specter.


14 posted on 09/19/2010 10:55:09 AM PDT by RatsDawg
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To: taildragger

Rick Santelli to the best of my knowledge with the ignitor of recent Tea Party exposure, however, many years ago I was one of many who would send tea bags to offending POLs to inform them of our total disgust. It happened before Slick Willie.

That is not meant to lesson the credit to Santelli, but it is fact.


15 posted on 09/19/2010 11:05:56 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Chi-townChief

I saw Rick Santelli’s “rant” live. It was absolutely amazing.


16 posted on 09/19/2010 11:13:26 AM PDT by Em and Brets Mum ("Ending a sentence with a preposition is something up with which we will not put." Winston Churchill)
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To: AnglePark
How can you be a staunch capitalist AND a social liberal?

Capitalism and drug legalization aren't inherently contradictory. Similarly with capitalism and gay marriage or abortion. If you go past that and you start getting into the Democrats' list of things you either must do or are prohibited from doing, such as Obamacare. Since many of those are focused primarily at businesses most of modern liberalism is anti-capitalist.

17 posted on 09/19/2010 11:14:46 AM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
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To: achilles2000

You absolutely can. You can be a fiscal conservative and/or social conservative (life, marriage, etc.).


18 posted on 09/19/2010 11:18:45 AM PDT by Rusty0604
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To: AnglePark
How can you be a staunch capitalist AND a social liberal?

It is the unfortunate history of the word "liberal" in the US, which in England has the sense that libertarian does here, meaning personal freedom - as opposed to social conservatives.

19 posted on 09/19/2010 11:29:42 AM PDT by AndyJackson
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To: Chi-townChief
THIS was the moment the Tea Parties began. Santelli's rant did spark the flame that led people to say, why not?

And with all those people all over the country who started Tea Parties that have grown and spread like wildfire, America has been renewed.

THANK you, Mr Santelli!

20 posted on 09/19/2010 11:44:41 AM PDT by ohioWfan (Proud Mom of a Bronze Star recipient!)
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To: lowtaxsmallgov

Well said! Thank you!


21 posted on 09/19/2010 11:46:15 AM PDT by ohioWfan (Proud Mom of a Bronze Star recipient!)
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To: RatsDawg

I think Rick Santelli gave the idea more exposure. The catalyst started with brave citizens showing up and getting in the face of politicians at Town Halls. Specter, Castle and others I am forgetting.

I think the Townhall meetings were before Rick. I do not think it is a big deal. Who or what came first. I liked his rant but the people at Townhalls were even better.


22 posted on 09/19/2010 11:50:53 AM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: Chi-townChief

It just shows that if the media would report the truth instead of printing the ruling class press releases, this country could save itself.


23 posted on 09/19/2010 11:51:28 AM PDT by donna (Synonyms: Feminism, Marxism, Communism, Socialism, Fascism, Islam-ism)
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To: Chi-townChief
Santelli lives with his wife and the two youngest of his three daughters in west suburban Wheaton. Yes, he confessed, he and his wife, Terri, have donned sunglasses and baseball caps to surreptitiously participate in Tea Party rallies near their home, not talking to anyone, not claiming any credit, just admiring democracy at work.

Great post!!!! I hope someone snaps a picture of Santelli and his wife at a Tea Party - one's needed for future History Books.

24 posted on 09/19/2010 11:56:04 AM PDT by GOPJ (http://www.freerepublic.com/focus/f-bloggers/2589165/posts)
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To: lowtaxsmallgov

>> Capitalism of itself does not preclude social liberalism; but social liberalism cannot help but attack and erode capitalism. <<

You know, that is probably one of the most politically astute statements I’ve ever read.


25 posted on 09/19/2010 11:59:15 AM PDT by WallStreetCapitalist
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To: Chi-townChief

There is something unforgettably satisfying when you say or do something that you know you might take heat for, but you say or do it anyway.


26 posted on 09/19/2010 12:03:05 PM PDT by dforest
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To: Frantzie

This was one of the first big protests against Obama, IIRC.

http://michellemalkin.com/2009/02/18/more-scenes-from-mesa-i-need-a-beachfront-condo-mr-president/

More scenes from Mesa: “I need a beachfront condo, Mr. President!”
By Michelle Malkin • February 18, 2009 04:20 PM


27 posted on 09/19/2010 12:03:36 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Chi-townChief

Santelli at his best:

http://www.youtube.com/watch?v=or-EKjfVCoA&feature=player_embedded#!


28 posted on 09/19/2010 12:04:31 PM PDT by GOPJ (http://www.freerepublic.com/focus/f-bloggers/2589165/posts)
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To: Chi-townChief
My wife pointed out to me, 'You were there for the insemination, but you were not there to raise the child.' "

Time Magazine cover story: "Rick Santelli: Father of the Tea Party or Deadbeat Dad?"

29 posted on 09/19/2010 12:05:46 PM PDT by Future Snake Eater ("Get out of the boat and walk on the water with us!”--Sen. Joe Biden)
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To: Frantzie

This one was a couple of days earlier.

http://michellemalkin.com/2009/02/15/taxpayer-revolt-porkulus-protest-in-seattle/

Taxpayer revolt: Porkulus protest in Seattle, Obama to sign theft act in Denver
By Michelle Malkin • February 15, 2009 12:06 PM


30 posted on 09/19/2010 12:06:09 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: WallStreetCapitalist; lowtaxsmallgov
You know, that is probably one of the most politically astute statements I’ve ever read.

Me too. Stunning in its simplicity and its getting to the heart of the matter in just a few words.

31 posted on 09/19/2010 12:14:55 PM PDT by ohioWfan (Proud Mom of a Bronze Star recipient!)
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To: All

WHY do they keep calling us “insurgents”??


32 posted on 09/19/2010 12:22:27 PM PDT by jackibutterfly
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To: ohioWfan

Bet they will not let him ask a question on the OBAMA CNBC Special!!!!!!!!!!!He already said to hell with questions lets tell him the answers..


33 posted on 09/19/2010 12:24:35 PM PDT by Hojczyk
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To: Future Snake Eater
Time Magazine cover story: "Rick Santelli: Father of the Tea Party or Deadbeat Dad?"

Typical Time mag hit piece. Will they ever investigate the 88 things that need investigating with Obama? Don't hold your breathe. . .

34 posted on 09/19/2010 12:35:44 PM PDT by Art in Idaho (Conservatism is the only hope for Western Civilization.)
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To: Frantzie

I was at a TEA party rally at my local town hall (a dozen of us) on the tax day before Santelli gave his rant. The next year there were 200 people. By the August following that 2nd tax day the town hall was attended by 300 people inside and 2000 people outside.


35 posted on 09/19/2010 12:44:09 PM PDT by Personal Responsibility ("In a time of universal deciet, telling the truth is a revolutionary act" - Orwell)
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To: Personal Responsibility

Wow! 300 people inside and 2000 outside! Great job on your part with the first dozen.


36 posted on 09/19/2010 12:49:38 PM PDT by Frantzie (Imam Ob*m* & Democrats support the VICTORY MOSQUE & TV supports Imam)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
Thank STARWISE.
"People ask me if I'm the father of the Tea Party movement," the CNBC commentator said outside the Chicago Mercantile Exchange. "I was the spark ...that started it. If being the lightning rod that started the Tea Party is what's written on my tombstone, I'll be very happy." But after his five-minute "rant" on CNBC 11⁄2 years ago suggesting a tea party in Lake Michigan against government spending, Santelli let go and never exercised any control over the movement.

37 posted on 09/19/2010 1:23:28 PM PDT by SunkenCiv (Democratic Underground... matters are worse, as their latest fund drive has come up short...)
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To: Chi-townChief

Bump


38 posted on 09/19/2010 1:27:35 PM PDT by BunnySlippers
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To: SunkenCiv

That’s true .. it was his intuitive, spontaneous
deductive genius .. a moment in time that captured
the attention and imagination of the public.

And look where America is now?

Everything converged .. it took time to ferment ..
for all the negatives and outright theiving of
the American people by this marxist crew .. and
here we are.

The sleeping giant HAS been totally awakened and
energized.

We’re taking our country back! And we have to
keep fightin for her.

Thank God ! All have a part to play.


39 posted on 09/19/2010 1:30:31 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: AndyJackson

I can see that, but had I written tha article I would have labeled him a staunch capatilist and social libertarian.

When someone uses the term social liberal in America, all I can think of are those who support the welfare state...


40 posted on 09/19/2010 1:32:05 PM PDT by AnglePark
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"People ask me if I'm the father of the Tea Party movement," the CNBC commentator said outside the Chicago Mercantile Exchange."

Rick, if you're reading this, you awakened the Sleeping Giant. The Nation owes you a debt. Or at least a Boilermaker. I'm buyin'.

41 posted on 09/19/2010 1:37:32 PM PDT by StAnDeliver (/)
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To: AnglePark
How can you be a staunch capitalist AND a social liberal?

Pretty easily, if by "social liberal" is meant a laissez-faire concept and not a brief for welfare.

42 posted on 09/19/2010 2:24:13 PM PDT by Erasmus (Personal goal: Have a bigger carbon footprint than Tony Robbins.)
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To: Chi-townChief

I like him.

He never really has tried to take the spotlight or control a movement. He said what he said and let go. How many people would have the humility to do that?


43 posted on 09/19/2010 2:46:42 PM PDT by Soul Seeker (“I was there when we had the numbers, but didn’t have the principles.”---Jim DeMint)
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To: Frantzie

No. The town hall confrontations came during the summer. This rant came before maybe a couple of months before tax day earlier in the year.


44 posted on 09/19/2010 2:49:52 PM PDT by Soul Seeker (“I was there when we had the numbers, but didn’t have the principles.”---Jim DeMint)
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To: AnglePark

FWIW, I think Santelli’s positions on social issues are more libertarian than liberal. The MSM likes to deliberately confuse the two.


45 posted on 09/19/2010 3:00:58 PM PDT by mewzilla (Still voteless in NY-29. Over 400 roll call votes missed and counting...)
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To: taildragger
Nope. Santelli started it. Within days people were organizing "Chicago Tea Parties" -- mainly through the Don't Go Movement, and within two weeks the first national tea parties were held on February 27, 2009.

Santelli said it right. He was the lightening rod to a nation groping for a response.

46 posted on 09/19/2010 3:47:44 PM PDT by GVnana (I'm a Mama Grizzly)
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To: Chi-townChief
IMHO the tea party movement is just a first step to rid this country of scumbag leaders and socialist power hungry politicians.

I wanna know who is going to step up to the plate for act 2 and announce to the sheeple we are going to abolish the IRS and the income tax.

Until we accomplish that, we are ALL slaves to this so called government of WE THE PEOPLE.

47 posted on 09/19/2010 3:52:48 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: OneWingedShark

Were we supposed to be getting paid. Tell David and Charles Koch to pay up.


48 posted on 09/19/2010 4:14:26 PM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Chi-townChief

I heard that rant that morning and it truly was a rallying cry
for people who were then already tired of the Marxist and his minions
trying to take down this country with their spending frenzy
and their support of all that is WRONG with America..namely
the unions and the great unwashed who take, take, take!

I really couldn’t believe someone on the floor of the stock
market would be so honest...and obviously neither did his
fellow broadcasters. They were just about speechless! LOL!


49 posted on 09/19/2010 4:39:21 PM PDT by LUV W (DIMs?......start packin'--you're fired!....I can see November from my house!)
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To: GVnana

GV thankx!!!!


50 posted on 09/19/2010 5:09:42 PM PDT by taildragger ((Palin / Mulally 2012 ))
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