There was a time when CNBC could be counted on for actual, factual reporting, but now they’ve obviously become cheerleaders for the Obama-General Electric team. And it drives Rick Santelli absolutely nuts.
There was a time when CNBC could be counted on for actual, factual reporting, but now they’ve obviously become cheerleaders for the Obama-General Electric team. And it drives Rick Santelli absolutely nuts.
Rick Santelli saw the hypocrisy of members of Congress who were sworn in to uphold and protect the Constitution (at least most of them) but pushed back against the idea of having it read on the chamber floor.
The Father of the Tea Party is not happy. And you know what happened the last time Rick Santelli got upset.
Liberals didn’t want the Constitution read on the floor of the House on Thursday. New York Democrat Jerrold Nadler, actually complained that it was being read “like a sacred text.” The New York Times called it “a presumptuous and self-righteous act.”
That didn’t sit well with CNBC’s Rick Santelli.
The Daily Caller has the details:
“Oh my God. We’re wasting so much money. You know this reading stuff is way overrated – whether it’s the Constitution – or reading scores in the U.S., or reading bills,” he said sarcastically. “A complete waste of time – come on. This is the digital age.”
He noted the hypocrisy of members of Congress who were sworn in to uphold and protect the Constitution (at least most of them) but pushed back against the idea of having it read on the chamber floor.
“You know what then – here’s what I want to know – then why did they all swear to that when they took their jobs yesterday? What a bunch of hypocrites.”
“Squawk Box” co-host Joe Kernen offered his view on how he thought some members of Congress viewed the document.
“Some swear to and some swear at it, I think,” Kernen said.
Do. Not. Piss. Off. Rick. Santelli.
H/T: Daily Caller
CNBCs Rick Santelli, who is often called the Father of the Tea Party, is at it again. This time he loudly and emphatically and repeatedly says the two little words so many of us want Washington, DC to hear.
CNBCs Rick Santelli, who is often called the Father of the Tea Party, is at it again. This time he loudly and emphatically and repeatedly says the two little words so many of us want Washington, DC to hear.
“Stop spending! Stop spending! Stop spending!”
Rick Santelli is a joy to watch. This time he went off on Rep. Paul Kanjorski’s (D-PA), who claimed Democrats’ just couldn’t include reform of Fannie Mae and Freddie Mac in their financial regulation bill because it was “too complicated.”
Rick Santelli is a joy to watch. Every once in a while, the CNBC on-air editor just can’t take the crap anymore. Tuesday was one of those days.
This time he went off on Rep. Paul Kanjorski’s (D-PA), who claimed Democrats’ just couldn’t include reform of Fannie Mae and Freddie Mac in their financial regulation bill because it was “too complicated.”
“It’s too complicated?” Santelli roared. “You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?”
The Financial Times reports the dire reality of the situation:
Fannie Mae said on Monday it would need an additional $8.4bn in aid, as the US government-controlled mortgage finance company continued to suffer heavy losses on its bad loans…Fannie Mae’s appeal for help comes on the heels of a similar plea last week by smaller rival Freddie Mac, which asked for an additional $10.6bn cash infusion. The latest requests for aid bring the total amount of taxpayer dollars drawn down by these companies to $148bn since the 2008 government-led bail-out. “Anthony Sanders, a senior scholar at the Mercatus Center at George Mason University, called Fannie and Freddie ‘our own Greek tragedy.’ Mr. Sanders estimated that total taxpayer liability was about $8,000bn for the combined companies, including public debt and loan guarantees.”
You know what else is really complicated? Doing your taxes. But the government probably won’t accept that as an excuse for not doing them.
Source: Financial Times
One year ago tomorrow, Rick Santelli went crazy on CNBC. It turned into an instant classic and inspired an entire movement. Way to go, Rick.
One year ago tomorrow, Rick Santelli went crazy on CNBC. It turned into an instant classic and inspired an entire movement.
Way to go, Rick.
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.
Source: MediaBistro
Last week we witnessed the sad spectacle of the president’s press secretary attacking Rick Santelli, a reporter who made the mistake of disagreeing with part of the president’s “stimulus” plan.
“This is a copy of the President’s home affordability plan,” Gibbs drawled. “It’s available on the White House web site, and I would encourage him (to) download it. Hit print, and begin to read it.
Santelli responded in an interview with Larry Kudlow. And he responded with all the passion of his earlier comments.
“The 92% of the Americans that are paying their loan on time,” Santelli said, “do you think there’s no pain there? These people are probably cutting back, their 401(k)s are down. It’s tough. Just because they’re making their payment and they’re current, doesn’t mean they’re not cutting back as well.
“Do we want to teach our children that you can get out of a mistake and that there are do-overs?” he asked. “I just don’t think that’s American. And I read it and guess what? I still don’t like it.”
We don’t know what Robert Gibbs wants to teach his children. But we’d suggest he use part of his substantial salary to hire them a math tutor so they don’t end up as bad with numbers as their old man.
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 of his “stimulus” program, the stock market plunges anew, announcing rather clearly that Wall Street thinks it’s Mr. Obama who doesn’t know what he’s talking about.
UPDATE (4:15PM PST): Continue reading “Obama press secretary misses mood of country, disses Rick Santelli”
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 Chicago Mercantile 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 “mad as hell” reporting that we’d like to see more of.
