[headstamp 2]

Santelli’s on Fire!

[Gabrial]

Bought a house you can't afford?
don't worry, the gub’ment will help you...
Drive a trash heap & can't afford a new car?
don't worry, the gub’ment will help you...
Blow your paychecks on lottery tickets and beer?
don't worry, the gub’ment will help you...

Be responsible, save money, and live within your means?
Sorry, you're f*cked. You have to pay for all the above.

[Constitutionalist Conservative]

Transcript found here:

Transcript

RICK SANTELLI: The government is promoting bad behavior. Because we certainly don't want to put stimulus forth and give people a whopping $8 or $10 in their check, and think that they ought to save it, and in terms of modifications... I'll tell you what, I have an idea.

You know, the new administration's big on computers and technology-- How about this, President and new administration? Why don't you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers' mortgages; or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water?

TRADER ON FLOOR: That's a novel idea.

(Applause, cheering)

JOE KERNEN: Hey, Rick... Oh, boy. They're like putty in your hands. Did you hear...?

SANTELLI: No they're not, Joe. They're not like putty in our hands. This is America! How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? Raise their hand.

(Booing)

President Obama, are you listening?

TRADER: How 'bout we all stop paying our mortgage? It's a moral hazard.

KERNEN: It's like mob rule here. I'm getting scared. I'm glad I'm...

CARL QUINTANILLA: Get some bricks and bats...

SANTELLI: Don't get scared, Joe. They're already scaring you. You know, Cuba used to have mansions and a relatively decent economny. They moved from the individual to the collective. Now, they're driving '54 Chevys, maybe the last great car to come out of Detroit.

KERNEN: They're driving them on water, too, which is a little strange to watch.

SANTELLI: There you go.

KERNEN: Hey Rick, how about the notion that, Wilbur pointed out, you can go down to 2% on the mortgage...

SANTELLI: You could go down to -2%. They can't afford the house.

KERNEN: ...and still have 40%, and still have 40% not be able to do it. So why are they in the house? Why are we trying to keep them in the house?

SANTELLI: I know Mr. Summers is a great economist, but boy, I'd love the answer to that one.

REBECCA QUICK: Wow. Wilbur, you get people fired up.

SANTELLI: We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I'm gonna start organizing.

(Whistling, cheering)

QUICK: What are you dumping in, what are you dumping in this time? Housing...?

SANTELLI: We're going to be dumping in some derivative securities. What do you think about that?

QUINTANILLA: Mayor Daley is marshalling the police right now.

KERNEN: Rabble-rouser.

QUINTANILLA: The National Guard.

After Jason Roney of Sharmac Capital makes some comments, it's back to Santelli.

QUINTANILLA: You know, Rick, one of our producers says if Roland Burris steps down, man, "Senator Santelli," the junior senator from Illinois. It's a possibility. I'm just saying...

SANTELLI: Do you think I want to take a shower every hour? The last place I'm ever gonna live or work is D.C.

KERNEN: Have you raised any money for Blago?

SANTELLI: No, but I think that somebody's gonna have to start raising money for us.

QUICK: Hey, Rick? Can you do that one more time, just get the mob behind you again?

QUINATILLA: Have the camera pull way out.

QUICK: Yeah, pull way out. Everybody listen to Rick Santelli.

KERNEN: He can't... I don't think... You can't just do it at will, can you Rick? I mean, you have to say something.

QUICK: No, do it at will. Let's see.

SANTELLI: Listen, all's I know is, is that there's only about 5% of the floor population here right now, and I talk loud enough they can all hear me. So if you want to ask 'em anything, let me know. These guys are pretty straight forward, and my guess is, a pretty good statistical cross-section of America, the silent majority.

QUICK: Not so silent majority today. So Rick, are they opposed to the housing thing, to the stimulus package, to everything out there?

SANTELLI: You know, they're pretty much of the notion that you can't buy your way into prosperity, and if the multiplier that all of these Washington economists are selling us is over... that we never have to worry about the economy again. The government should spend a trillion dollars an hour because we'll get 1.5 trillion back.

WILBUR ROSS: Rick, I congratulate you on your new incarnation as a revolutionary leader.

SANTELLI: Somebody needs one. I'll tell you what, if you read our founding fathers, people like Benjamin Franklin and Jefferson,... What we're doing in this country now is making them roll over in their graves.

[StAnDeliver]

Far -——— out.

[StAnDeliver]

What needs to happen now is for someone prominent but not partisan to call out Axelrot and tell him to shove his Alinsky playbook straight up his @ss.

[Fred]

Rick is the token supply sider on CNBC along with Kudlow. Never forget traders DO NOT have your back...the TRADE is everything ..all that matters is what side does the trader take??? Long..short...hedge...or out...

Is Rick talking up his own book??? Who benefits from a collapse in the housing market???

[Lou Budvis]

This was a true burst of moral and intellectual clarity. It was also an important signal to some on the sideline that they are not alone .

[Repeal 16-17]

A call for revolution at an NBC network! If someone at NBC is that angry at the Liberal Messiah, you know a Second Civil War or Second American Revolution is close to starting. The Liberal Messiah, and His apostles, better realize the People aren’t going to take their crap for much longer.

[Tolik]

Santelli's Chicago Tea Party

http://www.cnbc.com/id/15840232?video=1039849853

 

Nailed It!
Moral Clarity BUMP !

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[Coldwater Creek]

ping

[redk]

Anybody hear Rush talking about this today.

He is starting to sound more and more like Glenn Beck on this.

[sono]

I wonder if this guy will have a job tomorrow.

[Mad_Tom_Rackham]

Looks like all isn’t well in New Obamaland.

[AliVeritas]

What’s the deal with the UBS story?

Does anyone know if Auchi and GMed Holdings and the other Oil for Food companies dealt with UBS?

I also want to know how UBS can pay to settle with the SEC... don’t they have an investigation to do? I heard they gave out names already (never thought that would happen). The Justice dept. said it will drop the case against them if they reform their policies (yet they hold some of the names of those who evaded taxes from here... it’s a boatload of folks, when do we get to find out who, we don’t).

Also what’s going on with Stanford the cartel money launderer?

[devolve]

BARACK THURSDAY

Thursday February 19, 2009

DOW Closing: 7465

The stock market now is down more than 2000 points since Obama was elected, when it had an election day closing of 9625.28 on Nov. 4, 2008

[TruthConquers]

Acorn is organizing sit-ins for the poor homeowners who will get help at taxpayers expense.

http://www.freerepublic.com/focus/f-news/2189428/posts

[FreepShop1]

DailyKos Nazis are going apeshit over this today. Calling CNBC “worse than FoxNews” and demanding Santelli be fired.

[Tequila25]

Yeah, cheer for the jerks who lost all of the money buying crap they didn’t understand in the first place.

The whole process from top to bottom was filled with morons, but now the morons at the top want to blame all the morons at the bottom.

Guess what jacka$$, if you guys weren’t buying CDOs filled with rotten mortgages, no one would have given those morons who can’t pay their their oversized houses a single damned thing without checking if they were able to pay up first.

[Canticle_of_Deborah]

Tea Party is a great description. I’ve been thinking of it all week but not just in terms of finance. Our nation is being pushed to the brink. I think most of us will only take so much before pushing back.

[Ulysse]

ping