Skip to comments.CNBC's Santelli vs. WaPo's Klein on gov't intervention in the economy (Video)
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 governments efforts to prop up the failing economy, the truth eventually comes out.
On Fridays 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 nations economic engine:
(Excerpt) Read more at thedc.com ...
An academic idiot against a common sense capitalist.
Pray for America
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.
Corzine is lobbying for it for sure.
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.
Santelli speaks too much sense for market manipulators to understand.
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.
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.
Sorta like pouring sugar in the gas tank?
...and refused to fasten his seat belt!
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.
bump to view at home...
They must be pushed back under their rock as they are incapable of subordinating their political dogma to reality.
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.
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”
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.
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.
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