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Rick Santelli to Tom Friedman: ‘You’re idiotic’
The Daily Caller ^ | September 8, 2011 | Jeff Poor

Posted on 09/08/2011 8:22:17 AM PDT by caroline2005nc

Texas Gov. Rick Perry stuck to his claim during last night’s presidential debate that Social Security is “a Ponzi scheme.” The media are getting a lot of mileage out of that sound bite, and the Ponzi-scheme debate is very much alive this morning.

On Thursday’s “Squawk Box” on CNBC, CME Group floor reporter Rick Santelli, known to some as the father of the tea party movement, challenged New York Times columnist and Rick Perry critic Thomas Friedman on that claim.

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: rickperry; ricksantelli; tomfriedman
The back and forth between these two is glorious. Seriously, how cool is it that Santelli got to say what we have all been thinking for years?!
1 posted on 09/08/2011 8:22:20 AM PDT by caroline2005nc
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To: caroline2005nc
Seriously, how cool is it that Santelli got to say what we have all been thinking for years?!

Too cool, I have wanted some to say this to Friedman for decades

2 posted on 09/08/2011 8:23:52 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: caroline2005nc

If any private enterprise was hawked to consumers and run like the SSS-they’d be arrested for fraud AT THE LEAST!


3 posted on 09/08/2011 8:25:27 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: caroline2005nc

Santelli bump.


4 posted on 09/08/2011 8:25:27 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: caroline2005nc

The look on Friedman’s face is priceless.


5 posted on 09/08/2011 8:26:04 AM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: MNJohnnie

Seriously, how cool is it that Santelli got to say what we have all been thinking for years?!

And how absolutely pathetic and sad that it is considered “controversial” by so many nimrods?!


6 posted on 09/08/2011 8:28:06 AM PDT by Common Sense 101 (Hey libs... If your theories fly in the face of reality, it's not reality that's wrong.)
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To: MNJohnnie; caroline2005nc

Interestingly, this is the discourse after last night’s debate. I know this is but one issue, but what is happening today shows that Perry won THIS issue last night. There is something afoot in the dark recesses of Perry’s handlers offices, I suspect.


7 posted on 09/08/2011 8:28:31 AM PDT by cuban leaf
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To: SMARTY

Must be a great program since even SSA members don’t use it.

If you don’t use your own product - what does that tell you.


8 posted on 09/08/2011 8:29:20 AM PDT by edcoil (The will to win is important, but the will to prepare is vital. -- Joe Paterno)
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To: caroline2005nc

For later


9 posted on 09/08/2011 8:31:23 AM PDT by Richard from IL
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To: caroline2005nc

Friedman is a fatuous lard azz.

Seriously, I could hear him getting fatter during the video.


10 posted on 09/08/2011 8:31:39 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Common Sense 101; caroline2005nc

Wow. Look at the comments in that thread. Another “SS” recipient there that thinks Perry is right, and a lot of other really good comments.

I’m tellin’ ya, Perry struck a nerve last night that is gonna twitch until next november. For a lot of people, the last twitch will be them pulling the lever for Perry.

I’m not even sure I like the guy, but he sure knows what he is doing, or someone advising him does.


11 posted on 09/08/2011 8:33:40 AM PDT by cuban leaf
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To: caroline2005nc

BERNIE MADOFF

SOCIAL SECURITY

Takes money from investors with the promise that the money will be invested and made available to them later

Takes money from wage earners with the promise that the money will be invested in a "Trust Fund" and made available later.

Instead of investing the money Madoff spends it on nice homes in the Hamptons and yachts.

Instead of depositing money in a Trust Fund the politicians use it for general spending and vote buying.

When the time comes to pay the investors back Madoff simply uses some of the new funds from newer investors to pay back the older investors.

When benefits for older investors become due the politicians pay them with money taken from younger and newer wage earners to pay the geezers.

When Madoff's scheme is discovered all hell breaks loose. New investors won't give him any more cash.

When Social Security runs out of money they simply force the taxpayers to send them some more.

Bernie Madoff is in jail.

Politicians remain in Washington.


12 posted on 09/08/2011 8:34:22 AM PDT by VRWCmember (If it wern't for double standards, liberals would have no standards at all.)
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To: MNJohnnie

Santelli has been my hero ever since I turned CNBC on once I started working in the fixed income market in 2001. I’m so happy more people have been able to tune in to listen to his very succinct rants that very few advesaries can counter logically. Those floor traders worship the ground the guy walks on which is telling for a journalist.


13 posted on 09/08/2011 8:34:22 AM PDT by rhc2000
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To: caroline2005nc

The idea of SS was the working generation of Americans would help support the retired generation of Americans. This worked pretty well when there was some 8-15 Americans working to support the retired. There still is 15 or more workers but now they are in other countries and do not pay into the SS system, nor does their employers. So SS can no longer work unless SS is charged on all imported goods. Our exported economy claims another scalp.


14 posted on 09/08/2011 8:36:37 AM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: caroline2005nc

Libs that think referring to SS as a ponzi scheme will hurt a politician these days are living in the past.


15 posted on 09/08/2011 8:38:14 AM PDT by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Minn

Bump for further enjoyment.


16 posted on 09/08/2011 8:44:24 AM PDT by JusPasenThru (HEY UNION MEMBER: INVEST IN YOUR OWN DAMN INFRASTRUCTURE FOR A CHANGE!)
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To: caroline2005nc
Notice that Friedman refused to answer the question. He used a typical liberal tactic--ignore the question and just laugh, sneer, spout crap, and hope the host will let you move on. I love that Santelli didn't let him get away with it.


17 posted on 09/08/2011 8:53:22 AM PDT by Cinnamontea
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To: caroline2005nc

Bump!


18 posted on 09/08/2011 8:53:36 AM PDT by G Larry (I dream of a day when a man is judged by the content of his character)
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To: Minn
Perry vs Romney—Perry has a strength of character that Romney lacks. Perry is not a vascilator. Romney will cave when pressed. We need a man who is solid and will stand for what he believes.
19 posted on 09/08/2011 8:56:43 AM PDT by 2007 Crusader (2007 Crusader)
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To: VRWCmember

Great analysis! If Bernie Madoff was allowed to print his own money he would not be in jail right now.


20 posted on 09/08/2011 8:57:29 AM PDT by zavvone
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To: Minn
Libs that think referring to SS as a ponzi scheme will hurt a politician these days are living in the past.
Don't fool yourself, it's not just the libs. It won't be long before the establishment shuts Perry up on this and who knows what else.
21 posted on 09/08/2011 8:59:46 AM PDT by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: caroline2005nc

Billionaire Thomas Friedman laughs at idiots from his $9 Million mansion.

22 posted on 09/08/2011 9:02:24 AM PDT by Trailerpark Badass
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To: caroline2005nc
Friedman said Mr. Santelli's question was "idiotic."

Any question that makes Friedman look stupid when he can't answer it is, apparantly, "idiotic."

The only answer Friedman even attempted to offer came down to this: Ponzi schemes are illegal, and Social Security is a government program. Friedman's logic apparantly runs like this: Ponzi schemes are illegal, and nothing the government does can be illegal, and Social Security is run by the government, so therefore Social Security is not a Ponzi scheme.

Anyone who would offer such an answer is, as far as I'm concerned, idiotic.

He's idiotic because either (a) he thinks the public is made up of idiots, or (b) he actually believes his answer.

23 posted on 09/08/2011 9:02:46 AM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: caroline2005nc

Does Santelli ever say anything I don’t agree with?


24 posted on 09/08/2011 9:03:11 AM PDT by 9YearLurker
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To: VRWCmember

#12—great!!


25 posted on 09/08/2011 9:13:16 AM PDT by Fu-fu2
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To: truthkeeper
The look on Friedman’s face is priceless.

I see that look a lot on the faces of liberals when they are confronted with logic and facts. It's as if they can't believe there would be someone with the bottle to challenge their worldviews. This is especially so with the elite liberal media, who have owned that turf for so long they can't logically deal with anyone who opposes their positions.

26 posted on 09/08/2011 9:14:24 AM PDT by chimera
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>> Rick Santelli, known to some as the father of the tea party movement

Perhaps like Edison to the light bulb; it was going to happen anyway.


27 posted on 09/08/2011 9:15:16 AM PDT by Gene Eric (Your Hope has been Redistributed. Here's your damn Change!)
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To: Trailerpark Badass
Niiiice. Prompted me to go lookup the source of such affluence. Well, I couldn't help but smirk when I saw the latest (ok, it's from Wikipedia, but General Growth did go bust):

/snip/

Friedman's wife, Ann, is a graduate of Stanford University and the London School of Economics. They were married in London on Thanksgiving Day 1978. Her father, Matthew Bucksbaum, was the chairman of the board of General Growth Properties, a real estate development group. As of 2007, Forbes estimated the Bucksbaum family's assets at $4.1 billion, including about 18.6 million square meters of mall space, but the firm's value later plummeted. The family's trust declined in value from $3.6 billion to $25 million. On April 16, 2009, the company filed for Chapter 11 bankruptcy, after failing to reach a deal with its creditors. The GGP collapse marked the largest real estate bankruptcy in U.S. history.

Ann and Thomas Friedman live in Bethesda, Maryland, a suburb of Washington, D.C. The July 2006 issue of Washingtonian reported that they own "a palatial 11,400-square-foot (1,060 m2) house, currently valued at $9.3 million, on a 7½-acre parcel just blocks from I-495 and Bethesda Country Club." Friedman is paid $50,000 per speaking engagement.

/snip/

In other words his rich wife isn't nearly as rich as she once was ... what's next, divorce or foreclosure for poor 'ol Tom?

28 posted on 09/08/2011 9:54:05 AM PDT by Riflema
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To: caroline2005nc

It’s not a ponzi scheme. It just looks, acts, feels, smells, works and costs like a ponzi scheme.

But it’s not a ponzi scheme.


29 posted on 09/08/2011 9:57:46 AM PDT by muir_redwoods (Somewhere in Kenya, a village is missing an idiot)
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To: caroline2005nc; All
Couldn't happen to a nicer guy...

I remember Friedman going to the Detroit Show and lambasting the big 3 for SUV's and how he hated the "Excursion", and how they couldn't build cars like the Japanese.

The Darn fool didn't realize the niche(s) it filled, especially in industry and how ranchers are now the 2nd-ary market for them.

I bet Friedman wishes he bought some Ford Stock in March of 09' but that is another story for another day...

IMHO he got PWNED by Rick...

30 posted on 09/08/2011 10:07:32 AM PDT by taildragger (( Palin / Mulally 2012 ))
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