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CNBC's Santelli vs. WaPo's Klein on gov't intervention in the economy (Video)
TheDC ^ | August 5, 2011 | Jeff Poor

Posted on 08/05/2011 7:14:07 AM PDT by Rufus2007

Throughout Thursday on CNBC, network CME Group floor reporter Rick Santelli referred to turmoil in the financial markets as cleansing with “a giant enema.” That is, Santelli claimed that despite all the government’s efforts to prop up the failing economy, the truth eventually comes out.

On Friday’s “Morning Joe” on MSNBC, Santelli, who is given credit for inspiring the Tea Party movement in 2009, put his theory up against Washington Post blogger Ezra Klein, who insisted government does play a role in the nation’s economic engine:

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

(Excerpt) Read more at thedc.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: mediabias; ricksantelli; teaparty
This is an epic beat down...
1 posted on 08/05/2011 7:14:11 AM PDT by Rufus2007
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To: Rufus2007

An academic idiot against a common sense capitalist.

Pray for America


2 posted on 08/05/2011 7:20:58 AM PDT by bray (Hey Country Club, your turn to hold your nose!)
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To: Rufus2007

This morning I read that they’re considering John Corzine as a replacement for tax cheat TImmy.

Rick Santelli is the obvious choice, that is if one wants clear thinking and more confidence in the markets that the US Treasury isn’t being run by chimpanzees.


3 posted on 08/05/2011 7:23:08 AM PDT by Mobties (Reduce the government footprint! Let the markets work!)
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To: Mobties

Corzine is lobbying for it for sure.


4 posted on 08/05/2011 7:24:45 AM PDT by Rufus2007
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To: Rufus2007

Yep, what we need now is a period of “Significant inflation”
then with the National Debt reduced to 10 cents on the dollar our leaders can get back to what they do best, buy votes.


5 posted on 08/05/2011 7:25:33 AM PDT by Hans
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To: Rufus2007

Classic!

Santelli speaks too much sense for market manipulators to understand.


6 posted on 08/05/2011 7:27:34 AM PDT by incredulous joe ("No road is too long with good company" Turkish Proverb)
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To: Rufus2007

Isn’t it time for the Pubs to stand up and block such a ludicrous appointment. Corzine would do permanent harm to our economy.

Well,...more permanent and more harmful than what we have right now.


7 posted on 08/05/2011 7:30:08 AM PDT by incredulous joe ("No road is too long with good company" Turkish Proverb)
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To: incredulous joe

Corzine should be Obama’s VP choice after he dumps hole in the head Biden.

Corzine does have the resume. Gave Jersey taxpayer dollars illegally to the unions. Dated a union gal. Denied any wrongdoing. And was from Goldman.

Perfect


8 posted on 08/05/2011 7:30:24 AM PDT by EQAndyBuzz (Sarah Palin 2012 - Nothing but Net)
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To: Rufus2007
...Ezra Klein, who insisted government does play a role in the nation’s economic engine...

Sorta like pouring sugar in the gas tank?

9 posted on 08/05/2011 7:33:39 AM PDT by moovova
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To: Rufus2007
Saw this, this morning, and it was "classic." Typical pseudo-intellectual spouting off what OTHER PEOPLE said in their books vs. a guy who actually knows from personal experience and first hand knowledge.

Santelli made Ezra Klein look like a fool--which of course he, being a liberal, is.

Screw Santelli replacing Geitner, put him in charge of the Fed.
10 posted on 08/05/2011 7:34:58 AM PDT by Sudetenland (There can be no freedom without God--What man gives, man can take away.)
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To: EQAndyBuzz

...and refused to fasten his seat belt!


11 posted on 08/05/2011 7:37:05 AM PDT by incredulous joe ("No road is too long with good company" Turkish Proverb)
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To: Rufus2007

The progressive’s flying the economy are simply turning knobs, and pulling levers, with no concept of what the controls actually manipulate. Wealth is indeed being redistributed, it’s going up in smoke.


12 posted on 08/05/2011 7:37:28 AM PDT by swamprebel ((jmho))
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To: Rufus2007

bump to view at home...


13 posted on 08/05/2011 7:38:52 AM PDT by pgkdan (Time for a Cain Mutiny!)
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To: Sudetenland

Bfl.


14 posted on 08/05/2011 7:39:15 AM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
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To: Rufus2007
Klein and guys like him are beyond redemption. They will not stop until they are breaking in doors of 'capitalist roaders' and 'counter-revolutionaries' and extorting their money at gunpoint in the name of 'fairness'.

They must be pushed back under their rock as they are incapable of subordinating their political dogma to reality.

15 posted on 08/05/2011 7:42:24 AM PDT by skeeter
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To: Rufus2007

Santelli has it right. The Federal Government does have a role it could play that would actually help us out of the mess we are in. It is a role that a GOP Administration needs to adopt in 2013 but is one that is philosophically beyond the reach of the Obama Regime.

That role is House Cleaner to the Washington Beaeauracy.

First, we need to clear the Red Tape that stands between drilling never and drill baby drill. We need to clear away the regulations that are strangling American businesses. And we need to put a permanent stake through the heart of Obamacare.

That would give us a start at regaining the confidence of the business community which is a necessary condition for putting us on a path to lower unemployment rates.

Second, we need to make drastic cuts to the 2012 and 2013 budgets. We will have to count on the House in 2012 but it should be a different story in 2013.

And last, we need to make believable changes to the entitlement programs that will put them on sound fiscal basis. Believable to the business and investment communities and acceptable to the American public. The greatest challenge of all.


16 posted on 08/05/2011 7:47:38 AM PDT by InterceptPoint (w)
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To: bray

Academic idiot - perfect!

So, we want inflation in order to grow the GDP? That sounds just as stupid as raising the debt ceiling so we don’t default. Where do this idiots come from?

I still say that the republicans should have used nazi-nancy’s quote as far as the debt bill. “We have to pass it so we can see what is in it”


17 posted on 08/05/2011 8:08:57 AM PDT by Cyclone59 (The national debt has gone from $8.5T in 2006 to $13.5T in 2010 - led by the democRATS)
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To: skeeter
Socialism in all its forms is a war on reality. It is compulsion driven--a desperate need to level humanity in the pretense that we are all somehow interchangeable, all merely biological plastic to be molded into equals by a Socialist social/economic environment.

Keynes, the Fabian socialist guru, whom this Klein is parroting, was an advocate of using economic deception--via currency inflation (from monetizing the deficit spending)--to lower real wages, while appearing to be preserving them. Of course, all this does is muck up the market's ability to make realistic decisions; hence stultifying its ability to actually recover.

In a much broader, more encompassing sense, however, Egalitarian Collectivism Sabotages Human Potential. Nothing is more pernicious than the dependence on Government, which all Egalitarian movements promote.

William Flax

18 posted on 08/05/2011 8:21:48 AM PDT by Ohioan
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To: EQAndyBuzz

While that dreadful Corzine does have great credentials for the job as you describe, I think Obummer is setting Petreus up for the VP job.


19 posted on 08/05/2011 8:28:15 AM PDT by Pharmboy (What always made the state a hell has been that man tried to make it heaven-Hoelderlin)
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To: Ohioan
But the devil when he purports any evil against man, first perverts his mind.
20 posted on 08/05/2011 8:32:17 AM PDT by skeeter
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To: Rufus2007

‘That seems beside the point,’(ie the reality I want to present), ‘No that is the point,’(you idiot you aren’t capable of understanding this due to your dogma) LOL I love santelli.


21 posted on 08/05/2011 9:05:49 AM PDT by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: Rufus2007

Ezra Klien is completly full of himself.

What a douche.

NEW RULE every time Ezra Kline, Journolist, is mentioned, the most douchy picture of Ezra Kline must be posted.

Ezra Kline just drones on and one saying nothing.

Ezra Kline, Captain Douchebag.


22 posted on 08/05/2011 9:55:10 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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