CNBC: The World Responds to "Santelli's Tea Party" Rant

CNBC ^ | 20 Feb 2009 | 03:51 PM ET | CNBC.com

[Ernest_at_the_Beach]

Will the Obama Administration's plan to save the U.S. economy actually help the markets? CNBC's Rick Santelli on Thursday sparked a revolution of sorts on the floor of the Chicago Board of Trade.

Santelli's televised rebuke has been heard around the world. From The Chicago Tribune to TV Newser, read what others are saying about his rant...

College News

Rick Santelli’s rant against President Barack Obama’s new mortgage bailout plan has become an internet sensation amongst those opposed to Obama’s latest economic measure. (Read Full Story)

Briefing.com

CNBC is really milking Rick Santelli's rousing floor chorus of boos for certain aspects of the housing rescue plan, but many others see few options. "The government should not be bailing out mortgage lenders who should never have lent money to people unlikely to be able to repay, or borrowers who should never have taken out a mortage loan. (Read Full Story)

American Daily

A CNBC analyst on the floor of the Chicago Mercantile Exchange this morning responded to President Obama’s proposed $275 billion deficit-financed homeowner bailout plan and other massive spending measures with a call for a new “tea party." (Read Full Story)

SmartMoney.com

...No wonder my CNBC colleague Rick Santelli went a little bit berserk in his broadcast from the floor of the Chicago Mercantile Exchange, warning that all the bailouts, programs, rescues, stabilizations and stimuli are turning our capitalist nation into Cuba. He got the floor traders so stirred up it seemed for a minute there that an armed revolution was going to start at any moment. Santelli is right. This country is being rescued to death. The voters may be fooled, for a while at least.

[Ernest_at_the_Beach]

But obviously investors have it all figured out. (Read Full Story)

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Go to the CNBC website For working Links.....if I missed fixing the links....

[Maelstorm]

He is right. Nationalization only occurs in third world countries, dictatorships, and communist revolutions.

[LiveFreeOrDie2001]

Send the tea.

Keep the momentum, raise some hell!

[frogjerk]

CNBC is really milking Rick Santelli's rousing floor chorus of boos for certain aspects of the housing rescue plan, but many others see few options.

If CNBC milks this episode and inadvertently creates a revolutionary storm in this country, so be it. Rick Santelli may well become the modern day Crispus Attucks

[FlingWingFlyer]

Rick Santelli may well become the modern day Crispus Attucks

You nailed it! I feel the same way. Santelli is a new American hero!

[ChinaThreat]

The spirit of freedom may be barely breathing in this country. But Patrick Henry would appreciate Santelli’s comments. Rev it up!

[mick]

Me thinks more of a Leach Walesa !!

[Stepan12]

If CNBC milks this episode and inadvertently creates a revolutionary storm in this country, so be it. Rick Santelli may well become the modern day Crispus Attucks

Bttt

First to defy and first to die. (famous comment about the martyred Crispus Attucks)

[devane617]

Fox Business News is beginning to kick CNBC’s ass in the ratings. They need any attention they can get to stem the bleeding. I look for Santelli to leave CNBC and become a top-dog over at Fox. He is by far the sharpest guy at CNBC. All the rest are nothing more that fear-spreading mouthpieces for the Dims.

[Vaduz]

dictatorships, and communist revolution obamas wish list?

[screaminsunshine]

I am in favor of a Santelli for President rally in Iowa. We could shift the TEA PARTY there and really put a scare in to the Republicrats.

[tsmith130]

The government should not be bailing out mortgage lenders who should never have lent money to people unlikely to be able to repay, or borrowers who should never have taken out a mortage loan.

Man this ticks me off! Three words....Community Reinvestment Act. NO ONE ever brings this up in the media. It's just the "banks lent money to people they shouldn't have." NO ONE ever asks to the next question..."Now why do you suppose they did that?"

[aclusux.com]

Your paying for someone who can’t or won’t take care of their own finances!

[Mark was here]

The DNC is out searching every government data base for dirt on this Rick Santelli guy. He will be toast in a week if the slighted bit of dust is found.

Not that I want this to happen, it is just the way Rats are.

[screaminsunshine]

How bout a Santelli/Joe the plumber ticket in the next election. In the Capitalist Party USA.

[Ernest_at_the_Beach]

Santelli had another cameo appearance on MSNBC....FR Thread with link:

Rick Santelli Calls Out MSNBC Hosts for Being "Rude" - Video 2/20/09

[Christian4Bush]

bump

[Attention Surplus Disorder]

Denninger’s take:

http://market-ticker.org/archives/815-White-House-Press-Secretary-Defiles-The-Office-Of-The-President.html

Concise as usual. Gibbs is a lying SOS.

Incidentally, Karl won a 2009 AIM award for his blog!

http://market-ticker.org/archives/811-The-News-Is-Out....-AIM-Media-Award.html

[screaminsunshine]

Shows how hungry we are for real leadership.

[mick]

Great Idea....but how about IL. Senate ??.......That’s why I used Walesa....becuse he was a simple electrician who climded over the fence in protest and captured the mood of the people and was elected President !!
Check out theat “Rude” YOUTUBE statement by Santelli...the man shares our rage.....I would love to see him organize the Tea Party and run in the GOP primary for BO’s OLD SEAT IN THE SENATE THIS YEAR.....THAT WILL SCARE THE CRAP OUT OF ALL OF THEM !