If you’re wondering why disgraced pseudo-rebel Rick Santelli and his pals at CNBC kept strangely quiet about the hundreds of billions in bailouts right up until a couple weeks ago, when the government finally extended its bailout program beyond the corporate world and to regular American citizens, there’s a simple explanation. Rick and his coworkers at CNBC have been living high on the government bailout hog. Yup, “Slick Rick” Santelli and his fair-weather free-market comrades are nuthin’ but old-fashioned welfare queens pimping a newfangled libertarian hustle to cover it all up.
Since last October, CNBC’s parent company General Electric has taken at least $139 billion in government-backed loan guarantees to keep GE Capital Corp from going belly-up and taking the whole company, including Rick Santelli, with it. (more…)
March 3rd, 2009 | Comments (21)
