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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,...

Santelli slams the Obama administration for playing the blame game over the downgrade to our credit rating, noting that even if you think it’s a bad call, you don’t beat up the other coach or take the umpire out behind the barn. And he also points out that without Tea Party, we would’ve had a clean debt ceiling increase and our credit rating would have likely been dropped even lower to BBB. Listen to the end to hear his great analogy why we have a spending problem:

VIDEO:WATCH THE INTERVIEW:Presidential Candidate Bachmann On Jobs and Unemployment

Should the space shuttle program be continued? Yes No Unsure

<p>The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.</p> <p>"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.</p>

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC. "What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said. "They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

Reminisces on CNBC now ongoing

Donald Trump was just on CNBC responding to allegations over his property dealings made by the New York Times. He blasted the paper for its report, and its reporter for refusing to appear on TV to defend his claims. The article reports that more than 300 people are suing Trump after he removed his name from properties they purchased. Those involved in the lawsuit allege there was no disclaimer that Trump was not the developer of the properties, but rather just "rented his name" to the actual developers. Trump ended up going on a multi-minute rant in which he insulted...

Lately, there have been duelling stories in the entertainment press about the future of ”Atlas Shrugged.” With disappointing box office returns, the producers have been asked if they will go ahead and complete the franchise and in one interview we’re being told there will be no trilogy and in another we’re being told that there will. To clear the air, I reached out via email and “Atlas” producers John Aglialoro and Harmon Kaslow were both good enough to respond with exclusive quotes that should help to calm fears of “Atlas” fans everywhere. Most surprising, though, was the revelation CNN, CNBC,...

If gas prices were on a train right now it would definitely be riding the President’s high speed rail. Steve posted on this in March when gas was around $3. The we told you a week ago that gas prices (then $3.90) were headed in this direction and got no interest from callers. Something tells me gas will soon be center stage. CNBC thinks so … so do others. Obama video below the fold. CNBC’s report is getting plenty of play, and well it should. While Trump has been grabbing the headlines inside the beltway … oil has been grabbing...

A TV and radio host shocked viewers when he said the human toll caused by the widespread death and destruction of the Japanese earthquake and tsunami was worse than the toll on the economy 'and we can be grateful for that'. In the wake of devastation which has seen thousands lose their lives following the 9.0 magnitude quake, CNBC's Larry Kudlow said: 'The human toll here looks to be much worse than the economic toll, and we can be grateful for that.' The pundit had been discussing the U.S. markets when the rolling screen graphic signalled the death toll was...

Here's something he said earlier: The topic (in advance of today's phony unemployment numbers) was how to get companies to hire workers. Lots of back & forth. But here is the kicker: Zell mentions that while Obamacare was about to come up for the final, miserable vote he went to Capitol Hill to "lobby" a couple of lawmakers. Reminding them that this kind of bill with so much uncertainty built into it, was guaranteed to put a chill on employment. Here is the exchange he relayed to the host. Zell to lawmaker: This bill gives only 6 years of services,...

The rarefied world of academics recently confirmed a sneaking suspicion: those “breaking news” banners on CNBC actually hardly ever, well, break news. And the market knows it. A study that culled from almost 7,000 interviews with chief executives on CNBC over nearly a decade found a recurring pattern: the stock surged on the day the company’s head gave an interview to the business news cable television channel, then dropped right back down over the next 10 trading days.

The Daily Caller has learned CNBC reporter Matt Nesto will not have his contract renewed, which is up at the beginning of 2011. Were Nesto’s politics a factor in the network’s decision not to bring him back? Nesto, known for his market research in appearances on the network throughout the broadcast day, is generally a low-key actor.

With Rep. Paul Kanjorski vanquished, the congressional horse-trading will begin to determine the leadership structure of the House Financial Services Committee. Kanjorski (D-Pa.) is Finance Chairman Barney Frank’s top deputy on the committee, but that will all change in January when the Republican majority takes over. After surviving two previous challenges, Kanjorski succumbed Tuesday to challenger Louis Barletta, a mayor in the 13-term congressman’s district in the northeast part of the state. With Kanjorski out of the way and the Democrats headed into the minority, all eyes will turn to whether the party leadership passes the baton to ultra-left California...

The expected Republican upset at the voting booth today is bound to leave many inside the Beltway confused. What on earth do the American people want? After all, just two years ago they threw out the Republicans, and now they are throwing out the Democrats. What Americans want is a government that stays out of their pocketbooks and out of their private lives. Under Presidents Bush and Obama, we've gotten just the opposite: government program after government program created with our money to socially engineer the economy. Evidence of voters’ desires lies in the huge swing we are seeing in...

The potentially historic midterm elections are a week away and left-wing voices are getting more shrill and paranoid than ever before. On CNBC’s Oct. 26 “The Call,” left-wing talker and frequent MSNBC guest Mike Papantonio went on a nearly six-minute conspiratorial, anti-corporation, anti-conservative candidate rant suggesting GOP U.S. Senate hopeful Sharron Angle was raising secret money from the Chinese government in order to help them ship American jobs overseas. ...more (w/video)...

Following up on the success of Marijuana, Inc., CNBC’s Trish Regan is returning to the pot fields of America for a new original documentary, “Marijuana USA.” Regan traveled the country and found marijuana has shed its back-alley stigma. The once illicit drug is attracting savvy, young entrepreneurs who are re-branding pot as a natural herbal remedy that can be sold openly, possibly, at a dispensary near you. “Marijuana USA” premieres Thursday, December 9 at 8pmET and re-airs at MidnightET.

An Internet-born movement to encourage solidarity with teen victims of gay bullying has spurred several celebrities, schools, and media to officially promote the pro-homosexual campaign by wearing purple this past Wednesday. A young woman named Brittany McMillan, who spread the idea on her Tumblr account, and was championed by the Gay & Lesbian Alliance Against Defamation (GLAAD), reportedly began the movement, which is intended to memorialize homosexual youths who have killed themselves. Several media outlets endorsed the movement, including CNBC, the Today Show, E!, HGTV, Philadelphia Magazine, Ms. Magazine, The View, and numerous Spanish-language media. Even the New York Stock...

RE John Harwood, CNBC Political Report: Tonight Harry Reed was given several minutes free reign amounting to a couple of commercials worth of national TV in which he attempted to exculpate himself re a questionable personal real estate holding and on another matter in which he failed to file proper papers with the Senate Committee on Ethics. He was then permitted to make a counter-charge of low blow by the opposition. No other countervailing view was presented. All of Whorewoods objectivity then comes to bear when in a followup summary he backs up Harry Reed's thin explanation by telling us...