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Two things:
First, Meredith Whitney has been dead wrong on her forecasts and recommendations. If you want to make money you will need to do the opposite of her recommendations. Hence, Santelli’s question as to how many municipalities have defaulted on their bonds this year. It is well below last year, yet, Whitney had forecasted a significant increase in defaults.
Second, what ticked me off is the CNBC stooges who were hosting this program. Joe Kernen, you were one of them, who simply sat there and said nothing in response to her attack. It took several minutes for Santelli to come on the air from the Chicago trading pit for someone to give this idiot “what for”.
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OK, I’ll ask, who is Merideth Whitney, and why is she such a stupid bitch?
Clueless talking head.
I must live on an alternative planet. Whitney is saying that extending unemployment benefits is a BAD thing (the same position that Rush takes) because it is healthy for the breadwinner, family, etc. for the person to work.
She is clearly taking the White House to task for their approach.
The comment about angry white men is metaphorical, not literal.
In her previous appearances she pretty much puts the blame on spending, and as far I can remember, doesn’t say the problem is a lack of taxes.
I think everyone is mis-interpreting her comments. I love Santelli but he missed what she really was saying.
The comment about municipal defaults was better suited to an elementary school recess. We just had a high profile Muni default in Rhode Island last week.
I am a unemployed white male since Obama went for that swim in Pensacola bay to tell the Coast Guard “Crisis Over.” I am not freaked out and I may actually have a job on the horizon. Whitney can stick her comment where the sun doesn’t shine. When Santelli told her to stick to munis, I said “YESSSSSSSS!” She looked totally lost after that.
So, Sarah Palin is a white man, according to this Whitney moonbat?
Who knew?
I’m a freaked out white guy!!!!!
Who knew? /s
Proud Conservative, God fearing, Black American man!!!
Okay, I’m getting confused now. I thought I was a terrorist Hobbit, now I’m a freaked out white guy. Is it possible to be both?
“Stick with munis” — I love it.
Government spending at the level we are seeing will result in a US soverign debt crisis by the 2013-2014.
A US debt crisis would pretty much destabilize the entire world's economies. Who knows what the resulting chaos would produce but would not be good.
The absolute irresponsibility we saw on the “Debt Compromise”, combined with Harry Reid putting Patty Murray (as co-chair no less) , John Kerry and Max Baccus on the idiotic , illconcived and pre destined to fail Debt Super Panel should elevate the degree of concern from a simple “freaked out” to an all out, wide eyed flop sweat panic/terror attack for anyone who has even a basic grasp of how profoundly serious the situation is and how profoundly un serious our political leadership is on getting control of our debt crisis.