Today, Drudge and the rightwingers are going crazy red-alerting CNBC’s Rick Santelli as some kind of righteous anti-Obama freemarket revolutionary. There’s a clip of him standing in the middle of the Chicago Exchange, yelling: “The government is promoting bad behavior! Do we really want to subsidize the losers’ mortgages?!!!! This is America!!!!!” (Does anyone recall Santelli screaming like this over the much larger bailout of his Wall Street friends? Or does he only squeal when regular middle-class Americans get some help?) The big question for Santelli is this: Why does this idiot, who talked about how the global economy was “healthy” and America’s soon would be too, still have a job?
On September 2 of last year, just two weeks before the financial markets crashed and we entered this global depression, he was on the same CNBC program, standing in the same stock exchange, saying that the economy is healthy and that the reason there’s talk of recession is just because the business media was itself in a recession.
Point is: Santelli is a dumbfuck tool who should be fired for misleading his viewers, and sued for all he’s worth for serving Wall Street’s interests against his own viewers’.
Read more: CNBC, Drudge Report, recession, Rick Santelli, Team eXiled, Why Does She/He/It Still Have a Job?
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19 Comments
Add your own1. kingkong | February 19th, 2009 at 3:08 pm
> Does anyone recall Santelli screaming like this over the much larger bailout of his Wall Street friends?
Yes, actually. He and the guys in that pit are sympathetic to Ron Paul.
2. (8?» | February 19th, 2009 at 3:28 pm
“Does anyone recall Santelli screaming like this over the much larger bailout of his Wall Street friends?”
Yes, I do (well, maybe not screaming). In fact, this has almost become a NY vs. Chicago running battle between him and Steve Liesman, and all of the other traders they interview on the two trading floors.
I haven’t seen hardly anyone from Chicago state anything positive about any of the bailouts thus far. Instead, they usually note how DC is creating the next bubble in the bond market.
3. Doom | February 19th, 2009 at 3:56 pm
Because there are no repercussions if media people are horrible at their jobs. See also: Bill Kristol.
4. Pablito | February 19th, 2009 at 5:16 pm
Way to be on Obama’s dick, exiled. Yeah that guy is a yammerhead, but if you think this bailout is a good idea you’re clueless. Even Vladimir Putin realizes its a stupid idea.
It’s not doing much for working people either, it just amounts to a big wish list for the Democrats and their special interests, as well as being a massive increase in the size of the state.
5. Steve M | February 19th, 2009 at 5:35 pm
The Exile or Mother Jones? The left brings everything to the same level.
6. Baked Dr. Luny | February 19th, 2009 at 7:06 pm
I hope by “sued for all he’s worth” you mean “skinned alive and rolled in salt”.
7. Worm | February 20th, 2009 at 3:28 am
Man that’s pretty sweet when you can afford to revolt. The stimulus is as focused as the bailout, and the people decrying the stimulus sure weren’t getting half the fucking air time of people decrying to bailout. So regardless what the heads might have said, there’s a pretty obvious change in resistance for what a Bush wants to do than what a Black wants to do.
I like the prevailing attitude that a government who can hand out condoms is too big, but one that can launch international operations to destabilize various world governments is small.
8. Allen | February 20th, 2009 at 8:56 am
So far as I know the Obama administration, whatever its faults, hasn’t grown government. It’s spending a lot of money on a stimulus; but it hasn’t created any new government offices or bureaus or something that could be drawing a salary/effecting people’s lives in the years to come, which I believe is the definition of “growing government”.
You know … what the last administration did in spades, grow government and spend ridiculous amounts of tax payer money on projects that absolutely do not impact any American’s life in a positive way. What Right Wing governments in the West have been doing for almost 30 years now — gross mismanagement, corruption, incompetence, class warfare in favor of the rich, and spending like drunken sailors. All that good stuff.
This is why I was sad about Bush’s bailout and now Obama’s … actually why I was a little bitter sweet on seeing Obama being elected. Part of me wanted to let the “free-market” “correct” itself — as opposed to Uncle Sam turning on the printing press and getting away with it because the entire world is so beholden to the U.S., which retains the might and power of confidence … the best tool in any con-man’s kit.
The true believers are too dumb to even perceive an advantage. And part of me really wanted to see America implode because it did nothing; just as it did during the early years of the last depression.
Still could happen; but it won’t be as fun now because they will have that Black guy to blame and people who didn’t pay their mortgages. These folks really don’t have a fucking clue.
9. kingkong | February 20th, 2009 at 9:02 am
Got around to watching the video, and man are you grasping at straws if you’re trying to condemn the guy for that. All he said was it’s hard to get an accurate picture of the economy by sitting around talking to finance types because they have been disproportionately hammered, and also that the credit dislocations are leading the real economy. This was an aside point in a longer conversation where he was quite right about a few things. He aggressively called the other guy an idiot for expecting the fed to raise rates, so obviously Santelli expected conditions to deteriorate.
10. Tyr | February 20th, 2009 at 10:29 am
If the banks are the drug tzars of this crash idiot traders like Santelli are their mules. He’d better keep his head down if the *real* revolt comes.
11. wengler | February 20th, 2009 at 12:15 pm
Guys like this think that every time the government spends any amount of money it disrupts the perfect free market economy. That unregulated(you think Bush cronies enforced any regulations?) perfect economy almost drove off a cliff last September.
While the bank bailout has been the biggest fraud of all time, it has just delayed the inevitable-the big banks will be nationalized, eaten piece by piece, and if we are lucky broken up. The problem has been what to do when bank insolvency happens on a level that could destroy the economy completely.
12. Baltimoron | February 20th, 2009 at 5:17 pm
Santelli is an odious windbag, no doubt.
But before we start shedding tears for the “regular middle-class American” let’s remember just how rich Amerikans really are.
A retail worker in the United Snakes who takes in ten an hour full time makes 20,800 per year before taxes. That puts him in the top eleven percent of global earners.
And what does this retail worker produce? Nothing? What does any Amerikan produce? Almost nothing. Face it folks, Amerika’s number one export is capital and we’ve all been getting fat off of interest-inflated wages no matter how little we take home compared to the bankers.
13. Stanley Gardiner | February 22nd, 2009 at 7:21 pm
I like television.
14. Harv | February 23rd, 2009 at 3:09 am
he needs to rot in hell…ASAP
15. kingkong | February 23rd, 2009 at 11:59 am
Lookee here, Santelli screaming about the bailouts. And nailing the fact way before most people that the banks are insolvent and unsalvageable.
http://www.youtube.com/watch?v=I-1g0OZJIdk
16. Doh! | February 24th, 2009 at 8:03 pm
Santelli is KingKong!
17. Lynette | February 26th, 2009 at 9:40 pm
Santelli is a farting gasbag who doesn’t know his ass from a hole in the ground.
18. Gmunni | March 1st, 2009 at 3:14 am
Man you Exiled guys are fucked if you can’t understand what Rick Santelli was saying in that video clip. I watched that live and he said exactly the truth – which has transpired by the way. I would explain it to you but you probably either still wouldn’t understand or have your own agenda to refuse to understand or to misconstrue. My first and last visit to this site for sure.
19. Jerry | August 9th, 2010 at 9:17 am
I totally agree; the guy is a total idiot. He doesn’t have a clue and is acting just like the rest of the republicans.
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