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Keyword: ricksantelli

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  • Santelli Claims Geithner 'Lying to the American People' on Monetization of Debt

    06/03/2009 11:47:18 AM PDT · by Rufus2007 · 5 replies · 984+ views
    NewsBusters ^ | June 3, 2009 | Jeff Poor
    With the federal government issuing massive amounts of debt and the Federal Reserve purchasing it in the name of keeping interest rates down, questions have arisen about impact on the U.S. dollar. On June 2, CNBC's "Power Lunch," aired a clip of the network's chief economics reporter, Steve Liesman interviewing Secretary of the Treasury Timothy Geithner. Geithner claimed the Federal Reserve wasn't monetizing the debt the government was accruing. Following that clip, CNBC's Chicago Mercantile Exchange floor reporter Rick Santelli, famous for inspiring the anti-tax-and-spending tea parties, questioned Geithner's denial of debt monetization. "Well, you know the first part of...
  • VID: Santelli: Geithner Is "Lying To The American Public"

    06/02/2009 10:52:21 AM PDT · by politicalhub · 26 replies · 1,693+ views
    Real Clear Politics ^ | 06/02/2009 | Real Clear Politics
    CNBC's Rick Santelli says Geithner was lying when he told the Chinese there is no risk of monetizing debt in the United States.
  • Santelli Takes on Another Lefty Blaming the Right for Economic Hardship

    05/07/2009 4:47:17 PM PDT · by Rufus2007 · 12 replies · 1,597+ views
    NewsBusters ^ | May 7, 2009 | Jeff Poor
    For whatever reason, CNBC keeps lining up challengers to take on its Chicago Mercantile Exchange floor reporter Rick Santelli over his self-reliance, pro-taxpayer persona - whether it's Steve Liesman, Arianna Huffington or this time, Keith Boykin - editor of The Daily Voice, a CNBC contributor and a BET TV host. ON CNBC's May 7 "The Call," Santelli took on Boykin in the program's "The Call of the Wild" segment. Boykin was armed with the usual anti-George W. Bush talking points. "Look what he inherited first of all," Boykin said. "He didn't inherit anything," Santelli said. "He ran for office, it...
  • Santelli Excoriates Liesman for Acting Like Nixon, Saying 'Dumb Things'

    05/05/2009 12:34:53 PM PDT · by Rufus2007 · 7 replies · 1,005+ views
    NewsBusters ^ | May 5, 2009 | Jeff Poor
    CNBC's Steve Liesman has always gone after tea party inspiration and network floor reporter Rick Santelli for his views, but this time it was Santelli playing offense. The CNBC "Power Lunch" crew was discussing Bank of America (NYSE:BAC) CEO Ken Lewis and disclosure of details surrounding his bank's acquisition of Merrill Lynch May 5. Santelli accused Liesman, CNBC's senior economics reporter of saying "dumb things" and acting like Nixon, when he suggested there could be a compelling reason for Lewis was not forthcoming about the acquisition. "Ask the question in a more compelling way which is - I want you...
  • Santelli Rips CNBC Colleagues Over Ethics Question

    05/05/2009 10:54:36 AM PDT · by politicalhub · 35 replies · 3,195+ views
    A CNBC panel including the channel's all-stars discussed if it is "ethical" to lie if it can "stabilize" the financial system. Commentator Steve Leisman was entertaining this type of thinking but wouldn't admit that he supported it. Chicago's Rick Santelli shot back and told him he sounds like Richard Nixon and asked who did he vote for. Leisman told Santelli he was just "posing" a question about stabilizing the system and not actually endorsing it. Santelli reacted and told him "don't open your mouth and say dumb things." Reaction from traders on the Chicago floor could be heard in the...
  • Fireworks: Kudlow, Santelli Rail Against the Corruption of TARP and Gov't in the Private Economy

    04/24/2009 12:32:27 PM PDT · by Rufus2007 · 6 replies · 724+ views
    NewsBusters ^ | April 24, 2009 | Jeff Poor
    If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration's economic policy, you couldn't tell it from watching Rick Santelli and Larry Kudlow. On CNBC's April 24 "The Call," Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion of bailout obligations from the original TARP bailout price tag $750 billion to the $3 trillion. "Listen - I'm glad I didn't say that, I'm glad I didn't say all that," Santelli said. "Do I disagree with it?...
  • ABC Reports Obama is 'Unaware of Tea Parties'

    04/16/2009 10:57:18 AM PDT · by george76 · 106 replies · 4,696+ views
    NewsBusters ^ | April 15, 2009 | Julia A. Seymour
    Maybe he just doesn't know that there are people who disagree with his massive tax and spend agenda. That would explain a lot. Perhaps the network media's near silence on the "tea party" phenomenon has kept President Obama from realizing that hundreds of tax day protests will happen today? "The White House says the president is unaware of the tea parties and will hold his own event today," ABC's Dan Harris said on "Good Morning America" on April 15. Harris's story was the first ABC News report specifically about the tea parties since Rick Santelli's of CNBC's famous rant calling...
  • CNBC Asks Santelli to React to Tea Parties: 'I'm Pretty Proud of This'

    04/16/2009 7:17:09 AM PDT · by RobinMasters · 14 replies · 1,767+ views
    Business Media ^ | April 16, 2009 | Jeff Poor
    While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement – CNBC and specifically Rick Santelli, its inspiration – had been conspicuously quiet about it. But on CNBC’s “Squawk Box” April 15, co-host Joe Kernen asked Santelli what he thought of being a “cultural phenomenon.” That was the same show Santelli famously called out President Barack Obama for the unfairness of his housing bailout proposal on Feb. 19. “A lot of articles about these tea parties,” Kernen said. “They all have your name in them, like you caused it. Are...
  • CNBC Allows Santelli to React to Tea Parties: 'I'm Pretty Proud of This'

    04/15/2009 6:51:15 AM PDT · by Rufus2007 · 21 replies · 2,511+ views
    NewsBusters ^ | April 15, 2009 | Jeff Poor
    While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it. But on CNBC's "Squawk Box" April 15, co-host Joe Kernen asked Santelli what he thought of being a "cultural phenomenon." That was the same show Santelli famously called out President Barack Obama for the unfairness of his housing bailout proposal on Feb. 19. "A lot of articles about these tea parties," Kernen said. "They all have your name in them, like you caused it. Are...
  • Santelli takes on Liberal Economist Reich on $1.1 Trillion for IMF

    04/03/2009 3:34:01 PM PDT · by Rufus2007 · 16 replies · 1,034+ views
    NewsBusters ^ | April 3, 2009 | Jeff Poor
    For the second time in a week, CNBC's Rick Santelli faced down one of the standard-bearers of liberalism. First, he explained to Huffington Post editor and founder Arianna Huffington on the March 31 "Squawk Box" that markets are more efficient in correcting economic hardship, in the banking and housing sectors. On CNBC's April 3 "The Call," Santelli took on University of California at Berkeley economics professor and former Secretary of Labor for President Bill Clinton, Robert Reich. According to Reich, the agreement brokered between President Barack Obama and other G20 leaders - to give the International Monetary Fund (IMF) $1.1...
  • Santelli vs. Huffington -- CNBC Reporter Takes on Liberal Blog Editor on Economy

    03/31/2009 11:03:46 AM PDT · by Rufus2007 · 24 replies · 2,625+ views
    NewsBusters ^ | March 31, 2009 | Jeff Poor
    Both have loyal following, but their fans are on opposite sides of the political spectrum. CNBC's Rick Santelli rose to prominence earlier this year when he railed against President Barack Obama's policies on live TV from the floor of the Chicago Mercantile Exchange. He's a hit with conservatives staging tea parties to protest the bailout culture in Washington throughout the country. Arianna Huffington, who appeared as a guest host on CNBC's March 31 "Squawk Box" has following of left-wing readers and bloggers, as the editor of the very popular Huffington Post blog. The two faced off on "Squawk Box" about...
  • Manic Markets & the Governent's Plan (Santelli's Brain Crushes Huffington,CNBC, On Camera Alert)

    03/31/2009 8:39:14 AM PDT · by longtermmemmory · 28 replies · 2,822+ views
    http://www.cnbc.com/id/15840232?video=1078640272&play=1Rick Santelli this morning on CNBC takes on Ariana Huffinton. The intelectual vacuum of Ariana was on full display as she was totally exposed as a mental midget before the common sense real world observations and questions of Santelli. It was not a rebel yell, it was a surgical crushing. Santelli was asking the right questions and hitting the right points and Ariana was clueless in trying to push the usual left wing empty memes. Huffinton was 100% mentally unarmed. I have seen this with all her appearances. She is never prepared to hold her own in a contest of...
  • "American Tea Party" song by Lloyd Marcus

    03/19/2009 11:54:22 AM PDT · by patriotgal1787 · 3 replies · 659+ views
    Andrea Shea King Show ^ | March 19, 2009 | Andrea Shea King
    *** Welcome TCOT Readers! *** UPDATE: We added a video version of the song. I've posted it below. We're gonna have a Tea Party across this land!Last Monday night we debuted a song written and recorded by our friend Central Florida entertainer Lloyd Marcus, who will perform it at this Saturday's Tea Party rally in Orlando, FL.Titled "American Tea Party", the tune is catchy and inspiring, nicely capturing the spirit of Americans joining together for Tea Party protests across America. We're working to embed the song in this post. I'm an idiot -- I admit it. I don't know...
  • Mika Sticks Up For Santelli!

    03/17/2009 5:22:53 PM PDT · by governsleastgovernsbest · 9 replies · 896+ views
    FinkelBlog ^ | Mark Finkelstein
    When’s the last time you heard an MSNBC host: 1. stick up for Rick Santelli, and for good measure, 2. suggest to the face of two sitting senators–a Republican and a Dem–that they might be engaging in “political opportunism”? It happened this afternoon. Now, how much more surprised would you be to learn that the host in question was none other than Mika Brzezinski? OK, not that surprised given the plot-spoiling headline. But imagine I hadn’t warned you? Mika guest-hosted for Chris Matthews on Hardball today. She began by playing a clip of the inimitable Rick Santelli’s take on the...
  • Santelli: AIG Bonuses Only a 'Political' Outrage of Millions, Focus on Billions and Trillions

    03/17/2009 11:27:20 AM PDT · by Rufus2007 · 36 replies · 2,419+ views
    NewsBusters ^ | March 17, 2009 | Jeff Poor
    Since his now-famous Chicago Tea Party outburst from the floor of the Chicago Mercantile Exchange in February, CNBC's Rick Santelli had seemingly disappeared from the spotlight. However, on CNBC's March 17 "Squawk Box," Santelli, using similar theatrics, noted that the Obama administration as been very concerned about $165 million in bonuses paid out to American International Group (AIG) executives, even though they were recipients of bailout money from the Troubled Asset Relief Program (TARP). "Well, I mean it seems as though the administration really hit this one head on. They're not happy about it, right?" Santelli said. ..more (w/video)..
  • Early Show’s Mini-Santelli Moment

    03/06/2009 5:29:48 AM PST · by governsleastgovernsbest · 4 replies · 1,258+ views
    FinkelBlog ^ | Mark Finkelstein
    It didn’t have all the drama of a Rick Santelli on the floor of an exchange, revving traders up with a call for a tea party. But in his own way, CBS’s Ray Martin struck a forceful blow against the mortgage bailout plan this morning. And like his CNBC counterpart, Martin called out the president by name. Today’s Early Show ran a feature in which average citizens submitted questions to two experts, including Martin, a CBS financial consultant. Using taped questions, the network of course exercises total control over what issues will air. It was telling, then, that the Early...
  • White House Still Sniping At Santelli

    03/04/2009 9:52:05 AM PST · by governsleastgovernsbest · 48 replies · 2,506+ views
    FinkelBlog ^ | Mark Finkelstein
    Looks like Rick Santelli got under Pres. Obama’s skin even more than we realized. More than a week after the CNBC correspondent criticized the mortgage bailout plan, there was the president’s press secretary today, still taking snide shots at him. Obama spokesman Robert Gibbs’ contemptuous comment came in response to a question from Chip Reid of CBS suggesting that the administration had retooled the plan in light of the “backlash that a lot of people had, not just on cable, but a lot of people had, fearing that people who behaved badly will be rewarded.” Before Reid could finish his...
  • Anatomy of a Left-Wing Smear: The Great Tea Party Conspiracy Busted

    03/04/2009 7:08:13 AM PST · by Mobile Vulgus · 12 replies · 392+ views
    Publius' Forum ^ | 3/04/09 | Warner Todd Huston
    Playboy Magazine got its undies in a bundle over the nation wide Tea Party protests held last Friday that were inspired by CNBC's Rick Santelli's free market rant of February 19. As Noel Sheppard noted on March 1, the skin mag published a piece claiming that Santelli was part of a vast right-wing conspiracy to protest Obama's socialist policies. It turns out, however, that the story has been proven false and in response Playboy has mysteriously removed the piece that first raised the question of the grand conspiracy. Happily, the facts have won over on Playboy forcing it to pull...
  • Rick Santelli: I Want to Set the Record Straight

    03/03/2009 9:40:07 PM PST · by Lorianne · 69 replies · 3,177+ views
    CNBC ^ | 02 Mar 2009 | Rick Santelli
    First of all let me be clear that I have NO affiliation or association with any of the websites or related tea party movements that have popped up as a result of my comments on February 19th, or to the best of my knowledge any of the people who organized the websites or movements. By the way of background, I am not and never have been a stockbroker. Not that there is anything wrong with being a stockbroker. The home I have lived in for 20 years is a 2,500-square foot ranch. Not that there is anything wrong with owning...
  • Obama strikes back at budget critics

    02/28/2009 1:04:10 PM PST · by topfile · 178 replies · 6,188+ views
    The Washington Times ^ | Saturday, February 28, 2009 | Jon Ward
    President Obama on Saturday struck back aggressively at critics of his $3.6 trillion budget proposal, casting himself as a populist crusader whose "sweeping change" has angered Washington's entrenched special interests, and promised to fight them. "I realize that passing this budget won't be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington," Mr. Obama said in his weekly video and radio address. Mr. Obama's language was combative and confrontational, as he promised to fight for "American families." "I know these steps won't sit well with the special interests and lobbyists...
  • Heads Up: Cavuto About to Cover Tea Parties

    02/27/2009 1:29:10 PM PST · by freespirited · 23 replies · 1,220+ views
    Cavuto is about to do a story on the tea parties. Turn on your FOX news channel.
  • Obama banks on pollution reductions

    02/26/2009 2:52:16 PM PST · by topfile · 27 replies · 1,742+ views
    The Washington Times ^ | Thursday, February 26, 2009 | Tom LoBianco
    President Barack Obama's first budget includes $15 billion a year for renewable energy programs and an ambitious plan to raise $646 billion from a carbon reduction proposal. "Because our future depends on our ability to break free from oil that's controlled by foreign dictators, we need to make clean, renewable energy the profitable kind of energy," Mr. Obama said Thursday morning. "That's why we'll be working with Congress on legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy." The plan uses money from a cap-and-trade program — which would allow companies to...
  • Lauer Scoffs At Santelli Threat Claim

    02/26/2009 5:30:30 AM PST · by governsleastgovernsbest · 51 replies · 2,271+ views
    FinkelBlog ^ | Mark Finkelstein
    Do press secretaries need press secretaries? If so, Robert Gibbs would be well-advised to retain the services of Matt Lauer. Jousting with Rick Santelli this morning, the Today co-anchor made a spirited defense of the White House press secretary. At one point, Lauer emphatically denied that Gibbs intended to threaten the CNBCer by calling out Santelli contemptuously by name. Santelli let it be known that it was his wife who had put the ominous interpretation on Gibbs’ words. View video.
  • Denver Tea Party

    02/25/2009 4:48:23 AM PST · by cybervyk · 9 replies · 749+ views
    Facebook ^ | 02/24/09 | cybervyk
    Denver's event coordinated with the Santelli inspired Chicago Tea Party. To be held Friday, February 27, 2009 at 10:00 A.M. mountain time on the east steps of the Capitol building, downtown Denver.
  • Senator echoes Tea Party rally cry [DeMint]

    02/24/2009 11:37:48 PM PST · by rabscuttle385 · 9 replies · 679+ views
    World Net Daily ^ | 2009-02-24
    'People have to show that they're not going to take it anymore.' BY DREW ZAHN Sen. Jim DeMint, R-S.C., a staunch opponent of the federal government's increase in size and spending legislated by President Obama's stimulus package, has issued a call for Americans to stand up – literally – and take back their freedom. "I would think it's time to start thinking about peaceful demonstrations," DeMint said in an interview with Georgia's Augusta Chronicle. "The power of the people is there. Freedom is in the people's hands right now, and it's about to slip through." DeMint lobbied his fellow Senators...
  • Rantin’ Rick Santelli viewed 2,500,000 times

    02/24/2009 6:12:48 PM PST · by slomark · 11 replies · 818+ views
    [video] If you think the rant by CNBC’s Rick Santelli hasn’t tapped into a reservoir of resentment across this nation, get this: Since it went online last Thursday, the clip has been viewed more than 1,800,000 times on CNBC.com. It’s also been viewed more than 700,000 times on YouTube.com. (These numbers are growing so rapidly that they’ll be out of date by the time you read this.) Rantin’ Rick Santelli, one media guy we don’t hate.
  • Obama: U.S. 'will emerge stronger' from crisis

    02/24/2009 3:30:09 PM PST · by topfile · 57 replies · 2,335+ views
    The Washington Times ^ | Wednesday, February 25, 2009 | Stephen Dinan
    President Obama will pledge Tuesday night that the nation "will rebuild, we will recover," as he delivers an address to a joint session of Congress and with a nervous nation watching at home. "While our economy may be weakened and our confidence shaken; though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover, and the United States of America will emerge stronger than before," Mr. Obama will say, according to excerpts of his remarks. In lofty language, Mr. Obama is expected to promise a new path forward...
  • OBAMA'S TEST: A NATION OF SANTELLI'S

    02/24/2009 9:36:31 AM PST · by library user · 53 replies · 1,995+ views
    The Politico ^ | Feb. 24, 2009 | by Andie Coller
    When CNBC’s Rick Santelli argued last week that President Barack Obama’s mortgage bailout plan would force hardworking Americans to pay for their neighbors’ mistakes, White House press secretary Robert Gibbs dismissed him as a know-nothing derivatives trader out of touch with Main Street. But if the White House simply dismisses Santelli’s point, it may do so at its peril: A Rasmussen poll released Monday found that 55 percent of those surveyed thought federal mortgage subsidies to those most at risk of losing their homes would be “rewarding bad behavior.” Santelli’s “Network”-style diatribe has already spawned a Facebook group and plans...
  • Rick Santelli Keeps Pressure On Obama Mortgage Plan, Gibbs - Audio 2/23/09

    02/23/2009 7:26:57 PM PST · by Federalist Patriot · 17 replies · 1,071+ views
    Freedom's Lighthouse ^ | February 23, 2009 | BrianinMO
    CNBC's Rick Santelli talked with G. Gordon Liddy today on radio, and he kept the pressure on the Obama Mortgage Plan. Santelli also made it clear he did not appreciate the remarks by White House Press Secretary Robert Gibbs last week. Gibbs called Santelli out by name and even making a bizarre reference to "not knowing where Mr. Santelli lives, or in what house he lives." Liddy said Gibb's comment is a "veiled threat," and Santelli agreed today, "it really is." I have to say, I was watching Gibbs last week when he made that statement and it struck me...
  • Hunt Calls Santelli Comments ‘Sophomoric’ But Gregory Surprisingly Sympathetic

    02/22/2009 8:43:35 AM PST · by governsleastgovernsbest · 67 replies · 2,219+ views
    FinkelBlog ^ | Mark Finkelstein
    On today’s Meet the Press, moderator David Gregory seemed surprisingly sympathetic to Rick Santelli’s epic, on-air denunciation of Pres. Obama’s plan that would force responsible homeowners to bail out the others. In contrast, Al Hunt played the part of the predictable liberal to perfection, dismissing Santelli’s soliloquy as “sophomoric.” Gregory aired a clip of White House press secretary Robert Gibbs’ contemptuous comments about Santelli, including the bit in which Gibbs holds up a copy of the president’s plan and sneeringly suggests Santelli print it off and read it. Gregory indicated he had indeed read the plan–then explained why Santelli and...
  • Upside down economics

    02/21/2009 8:56:19 PM PST · by topfile · 12 replies · 999+ views
    The Washington Times ^ | Sunday, February 22, 2009 | Thomas Sowell
    From television specials to newspaper editorials, the media are pushing the idea that current economic problems were caused by the market and that only the government can rescue us. What was lacking in the housing market, they say, was government regulation of the market's "greed." That makes great moral melodrama, but it turns the facts upside down. It was precisely government intervention that turned a thriving industry into a basket case. An economist specializing in financial markets gave a glimpse of the history of housing markets when he said: "Lending money to American homebuyers had been one of the least...
  • Rick Santelli Re Tea Party

    02/21/2009 3:40:45 AM PST · by Indy Pendance · 40 replies · 2,713+ views
    The Boston Tea Party was an act of direct protest by American Colonists demanding representation in the British Government. They became known as the original patriots. The Chicago Tea Party of 2009 will reinvigorate that American and Patriotic spirit; one that demands respect for individual rights and property. As the bailouts spiral out of control, we are forced to fund failed banks. With foreclosures on the rise, we are made the collateral of reckless spending. And, when the bills come due, the IRS knocks on the door of “self-responsibility”. ENOUGH! America is the land of opportunity. To succeed AND to...
  • Bumbling Gibbs Responds to Santelli

    02/20/2009 5:21:14 PM PST · by bloodmeridian · 16 replies · 850+ views
    Feed Your ADHD ^ | 2/20/2009 | Dr. Dave
    Hey, Robert...the American people think you're a friggin' jackass illiterate crackpot who's helping drive Wall Street down...down...down...and down. Go frig yourself, and your boss...I'm with Rick Santelli.
  • Rick Santelli and the "Tea Party" rant(video)

    02/20/2009 3:43:14 PM PST · by Askwhy5times · 8 replies · 716+ views
    The Intellectual Redneck ^ | February 20, 2009 | The Intellectual Redneck
    Rick Santelli and the "Tea Party" rant(video).This rant by CNBC analyst Rick Santelli has become an internet phenomenon. He makes an impassioned critique of President Obama's mortgage-rescue plan and suggest Americans have a "tea party". Watch the video.
  • Obama press secretary misses mood of country, disses Rick Santelli

    02/20/2009 3:26:16 PM PST · by slomark · 23 replies · 1,050+ views
    [video of press conference incident] The Obama administration has been hiring journalists left and right. But Rick Santelli probably shouldn’t bother sending over his resume. At a White House press conference today, Obama press secretary Robert Gibbs was asked for the president’s reaction to Santelli’s outburst on the floor of the Chicago commodities exchange yesterday. Two things stood out about his answer. First he said everyone at the White House got a good laugh out of it. Then he concluded his longer remarks by saying, “I’m sure Mr. Santelli doesn’t know what he’s talking about.” Every time Obama announces more...
  • Matthews To Santelli: ‘Did You Vote For Obama Or McCain?’

    02/20/2009 3:06:13 PM PST · by governsleastgovernsbest · 75 replies · 3,299+ views
    FinkelBlog ^ | Mark Finkelstein
    Is this the new standard? It's OK for one member of the MSM to ask another for whom he voted? Great: bring it on! On this afternoon’s Hardball, Chris Matthews put the question to Rick Santelli. And rather than resorting to the typical dodges, Santelli answered the question without hesitation. CHRIS MATTHEWS: Let me ask you a question: did you vote for Obama or McCain? RICK SANTELLI: I voted for Mr. McCain. It should be between me and my God–but I did! MATTHEWS: I want to know where you’re coming from personally, because you’re coming down hard on Barack, that’s...
  • Subsidize Bad Behavior?

    02/20/2009 9:27:41 AM PST · by dbz77 · 13 replies · 1,888+ views
    TownHall ^ | February 20, 2009 | Lawrence Kudlow
    President Obama’s massive mortgage-bailout plan is nothing more than a thinly disguised entitlement program that redistributes income from the responsible 92 percent of home-owning mortgage holders who pay their bills on time to the irresponsible defaulters who bought more than they could ever afford. This is Obama’s spread-the-wealth program in action. Team Obama is rewarding bad behavior. It is enlarging moral hazard. It is expanding its welfarist approach to economic policy. And with a huge expansion of government-owned zombie lenders Fannie Mae and Freddie Mac, Team Obama is taking a giant step toward nationalizing the mortgage market. Reporting from the...
  • Rick Santelli

    Did Rick Santelli recant this morning? I'm not referring to his use of the word "losers." I SO want to be wrong.
  • Santelli's Chicago Tea Party [video transcript and NRO's interview]

    02/20/2009 7:59:41 AM PST · by Tolik · 28 replies · 2,012+ views
    various | February 19, 2009
    The VIDEO that went viralFull Transcript (thanks to http://freedomeden.blogspot.com/2009/02/rick-santelli-tea-party.html)   RICK SANTELLI: The government is promoting bad behavior. Because we certainly don't want to put stimulus forth and give people a whopping $8 or $10 in their check, and think that they ought to save it, and in terms of modifications... I'll tell you what, I have an idea. You know, the new administration's big on computers and technology-- How about this, President and new administration? Why don't you put up a website to have people vote on the Internet as a referendum to see if we really want to...
  • Scarborough Sends Shoutout To FReeper Governsleast

    02/20/2009 7:59:42 AM PST · by governsleastgovernsbest · 67 replies · 1,847+ views
    FinkelBlog ^ | Mark Finkelstein
    [Ht/ Pharmboy] Joe Scarborough sent us a little love this morning . . . Morning Joe opened today with the instant-classic clip of CNBC’s Rick Santelli on the floor of the CBOE yesterday, calling out President Obama over the mortgage bailout. Scarborough seconded Santelli’s sentiment, but wondered whether Santelli was similarly outraged when the government was bailing out Wall Street. Mike Barnicle assured him that Santelli had not been: “No, he didn’t make the same argument when we bailed out Wall Street and he didn’t make the same argument when we bailed out General Motors.” Except Santelli did. I emailed...
  • Consumer Price Index Rises 0.3% (fast forward to minute 4:00 in the video)

    02/20/2009 7:47:17 AM PST · by mnehring · 7 replies · 775+ views
    (Vanity Note) In this CNBC video, many in the market are still fired up over Rick Santelli's comments yesterday. Fast forward to the 4:00minute mark and enjoy Jack Bouroudjian and Rick Santelli continue the rant against the bailout.. Consumer Price Index Rises 0.3% Jack Bouroudjian, of Capital Markets Technologies, and CNBC's Rick Santelli and Steve Liesman discuss today's economic data, including the Consumer Price Index (CPI).
  • Freep This Poll (Are you ready to join the Santelli Chicago Tea Party?)

    02/20/2009 6:15:40 AM PST · by Man50D · 8 replies · 654+ views
    Go at it freepers!
  • ‘Today’ Triple-Teams Santelli

    02/20/2009 5:07:52 AM PST · by governsleastgovernsbest · 48 replies · 2,521+ views
    FinkelBlog ^ | Mark Finkelstein
    After his top-of-Drudge-worthy remarks [video] yesterday on CNBC, you knew Rick Santelli would be on NBC’s Today this morning. Perhaps equally predictable was that the man who argued against making the 92% of responsible Americans paying their mortgages bail out the 8% who aren’t would be subject to the third degree. Or in this case, a triple team. Steve Liesman, also of CNBC, was there to take the other side, but he was clearly playing for the home team alongside Matt Lauer and Brian Williams, pinch-hitting for Meredith Vieira. Neither Lauer nor Williams hit Liesman, who favors the huge mortgage...
  • CNBC's Rick Santelli Hammers Obama on Subsidizing "Losers' Mortgages" - Video 2/19/09

    02/19/2009 10:26:54 AM PST · by Federalist Patriot · 25 replies · 1,194+ views
    Freedom's Lighthouse ^ | February 19, 2009 | BrianinMO
    This is just amazing! Rick Santelli of CNBC on the floor of the Chicago Board of Trade this morning absolutely calls out President Barack Obama on his plan to essentially make taxpayers pay for people who took out bad mortgages. Santelli says: 'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard.' He even suggests what we may need is another "Boston Tea...
  • NRO Talks to CNBC's Rick Santelli

    02/19/2009 8:40:52 PM PST · by Sir Gawain · 40 replies · 2,183+ views
    Thursday, February 19, 2009 NRO Talks to CNBC's Rick Santelli   [Stephen Spruiell] Earlier today, Kathryn posted a link to the video of CNBC's Rick Santelli giving voice to what he described as a groundswell of discontent over the president's new mortgage plan. I caught up with Santelli just moments ago and talked to him about what he says has been "kind of a crazy day." National Review Online: Were you expecting anything like this reaction?Rick Santelli: Not at all, not at all. It was just, after 48 hours of listening to hundreds of people trying to approach me on...
  • Now, a tingle up our legs: Rick Santelli’s Trader’s Revolt

    02/19/2009 10:56:51 AM PST · by slomark · 17 replies · 1,277+ views
    (Already published in news section, but admin pulled it and wanted it here. Oh well.) [Video included] Chris Matthews gets tingles up leg listening to Barack Obama. This morning, we at IHateTheMedia.com got tingles up our legs too, but not for the reasons Mathews gets as a result of his mancrush. Ours came when we watched CNBC’s Rick Santelli begin what is being called a “Traders’ Revolt” on the floor of the New York Stock Exchange with fellow traders cheering him on. We absolutely love it, so we’ll justify playing it here for you to point out the kind of...
  • Stimulus Should: Reward People Who CARRY the Water instead of Those Who DRINK the Water! (CNBC rant)

    02/19/2009 10:43:02 AM PST · by Ernest_at_the_Beach · 35 replies · 1,333+ views
    Flopping Aces ^ | Thursday, February 19th, 2009 at 9:25 am | Mike's America
    The Chicago Tea Party: Rick Santelli Visits the Chicago Board of Trade. Near pandemonium breaks out: Video at FA:********************EXCERPT**********************“How many of you people want to pay your neigbor’s mortgage? …Obama are you listening?”
  • CNBC Floor Commentator Outburst "Obama are you Listening?"(SILENT MAJORITY ALERT)

    02/19/2009 5:35:24 AM PST · by longtermmemmory · 358 replies · 14,090+ views
    CNBC.com ^ | 2/18/2009 | Rick Santelli
    <p>The video clip SHOULD be appearing on the link unless CNBC censors it because it goes against Obama's already failed $8,000 per house bailout scam.</p>