Free Republic

My friend Jazz Shaw worries that Rick Perry’s argument that Social Security in its present form is a “Ponzi scheme” leaves him vulnerable in a general election. Rick Santelli gave it a workout on CNBC today against the New York Times’ Thomas Friedman, who ends up sputtering into ad hominems when he can’t counter Santelli’s arguments about the nature of a collective that can’t pay out on its promises — and Santelli responds in kind. The Daily Caller provides the transcript and Greg Hengler provides the clip: This gets to the larger point about using blunt language to describe an...

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.

Rick Santelli: 'If it Wasn't for the Tea Party...We Would Have Been Rated BBB' By Noel Sheppard Created 08/08/2011 - 7:09pm For over 24 hours, Obama advisers, Democrat senators, and terminally stupid ideologues in the media have been blaming Standard and Poor's downgrade of America's debt on the Tea Party. On Monday, one of the only sane voices in the mainstream media stood up and said, "If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB" (video follows with transcript and commentary): JOE KERNEN, CNBC: Alright. You know,...

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)...

Santelli "Double or Nothing"

Today, appearing on Meet The Press, in addition to Susan Rice, Dick Durbin, Lindsey Graham, Jennifer Granholm, Harold Ford, and Ed Gillespie was CNBC's uber contrarian voice, Rick Santelli. The topic: reigning in government spending, a topic which will be with America until its last bond issuance, sometime in the next 5 years. And while Rick was quite subdued this time around (it seems the CBOT voice only sees red when confronted with the likes of Steve Liesman), he did compare the crisis facing America now to the events from 9/11... "I think this is an issue that needs to...

NBC's Rick Santelli on Sunday compared the budget crises affecting state and federal balance sheets to a Sept. 11-type attack on the nation.

http://www.cnbc.com/id/15840232?video=1592904212&play=1

FOR IMMEDIATE RELEASE: July 28, 2010CONTACT: Levi Russell at (509) 979-6615 or Levi@FrontLineStrat.com Tea Party Express Press ConferenceFights Back Against Attempts to Discredit the Tea Party MovementNational Black Conservatives Rally to Take Back AmericaThe Tea Party Express, (website: http://www.TeaPartyExpress.org) one of the nation’s largest tea party organizations with over 400,000 members, is conducting a press conference regarding the unrelenting attacks on the tea party movement in an effort to dissuade Americans from rebelling at the ballot box in the November 2010 elections.“From the very beginning when Rick Santelli’s famous on-air rant helped rally millions of Americans to the tea party...

Rick Santelli: Deflation Is The "Biggest Bogeyman In A Central Banker's Closet" Gregory White Jul. 3, 2010, 3:32 PM Rick Santelli of CNBC spoke with King World News (via Zero Hedge) on a variety of different economic topics, but his most prescient comments were about the reality of deflation in the United States. Santelli called deflation "the most disingenuous argument," of the moment, saying that deflation is only a natural response to the end of a bubble. That end of a bubble, according to Santelli, causes deleveraging in the economy, as the market heals itself to reveal the reality of...

On CNBC's June 29 broadcast "Power Lunch," Rep. Paul Kajorski, D-Pa. made a pretty prediction about the Dow Jones Industrial Average (DJIA) should Congress be unable to pass financial regulation legislation. [Video Available Here] "You know, I wish every one of them would ask the question and also the industry and media, what happens in this country if this bill fails?" Kanjorski said. "Do you think 236 points down on the Dow is surprising? Check 1,000 or 2,000 points if we fail to change the ways that caused this problem." That caught the attention of CNBC's Erin Burnett, who played...

Here is Rick Santelli on fire, speaking for the American People and shouting to the Obama Administration that they must “Stop Spending, Stop Spending, Stop Spending.” That’s what the people want! Destined to be a classic!

NOTE: THIS IS SANTELLI's TEA PARTY #2 RANT FROM THIS MORNING!!! *** "I want this government to stop spending! Stop spending! Stop spending! Stop spending! STOP SPENDING! That's what we want! Stop spending," Rick Santelli yelled from the floor of the Chicago Board of Traders. "Go back to Russia where you understand the state and the citizen," Santelli told CNBC analyst Steve Liesman after he argued against the benefits of tax cuts.

This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working. And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government payrolls and not the infrastructure improvement is was sold to be. "Well, you know, it's all about, in my opinion, definition and choice," Santelli said. "Definition, I don't disagree with our guest, Richard [DeKaser, president of Woodley Park Research], about stimulus,...

Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America. On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the "lost decade." That period, from 1991-2000, was one which the Asian nation failed to grow economically despite countless efforts by the government to intervene. But as Santelli explained - the...

After the latest round of primaries, some lessons can already be drawn from this political year. Incumbents are not popular, especially Democratic incumbents. Democrats' big government programs are hugely unpopular. Economic distress has made Americans yearn not for more government but for less. How to explain something contrary to the New Deal historians' teaching that economic distress increases support for big government? Clues can be obtained, I think, by examining what amounts to the founding document of the tea party movement, Rick Santelli's "rant" on the CME trading floor in Chicago, telecast live by CNBC on Feb. 19, 2009. That...

When a protectionist law is enacted and nearly a century later it is inhibiting a recovery from major ecological catastrophe, it's probably time to scrap it or at least temporarily waive it. But instead a nearly century old provision known as the Jones Act of 1920 is wielding the wrath of unintended consequences. According to the Heritage Foundation, this protectionist measure was put in place to defend the American maritime industry, but is endangering far more jobs than it is protecting. "The Jones Act, which is supposedly about protecting jobs, is actually killing jobs," Heritage co-authors James Dean and Claude...

With the Dow Jones Industrial Average (DJIA) take another tumble of 376 points on May 20, some investors are pointing to problems in Europe for the sell-off. However, there may be problems at home as well. CNBC's CME Group floor reporter Rick Santelli explained on the May 20 broadcast of "Closing Bell" it had a lot to do with the Europe and the Euro, however it isn't all coming from abroad. "Well, a couple of things," Santelli said. Well, first of all, if you look at the high-grades, they widened out with the high-yields widened out more today at levels...

The European Union and the International Monetary Fund to the rescue! The Dow Jones Industrial Average (DJIA) soars and investors breathe a sign of relief. But where's this $1 trillion in bailout funds for Greece coming from? On CNBC's May 10 "Squawk Box," host Joe Kernen channeled Rick Santelli's anti-bailout populism, suggesting it was important to note that this bailout was made possible in part by the American taxpayer. "On one thing, Rick - because you started the whole thing where you said, ‘Are you listening, President Obama?' about paying for your neighbor's mortgage," Kernen said. "Are you, could you...

While international attention has been focused on Greece's debt crisis and the riots that have ensued over austerity measures, the possibility of the United States finding itself in the same situation is one to be considered a legitimate possibility says CNBC CME Group floor reporter Rick Santelli. On CNBC's May 7 "Squawk Box," host Joe Kernen pointed out the fear of contagion spreading throughout the world economy has been a focus, but asked Santelli if anything could be discerned from the Greek situation that would apply to the American economy. "Well, you remember the Christmas Carol?" Santelli said. "You know,...