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The link will provide a brief video of Santelli's take on today's numbers when they broke this morning. In short, he's not buying them.

(Background) Rick Santelli: CNBC’s Business News On-Air Editor - Rick Santelli stepped away from the floor of the Chicago Board of Trade to give King World News listeners globally an uninterrupted and in-depth interview. Rick joined CNBC Business News as On-Air Editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. He began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in markets that included gold, lumber, CD's, T-bills, foreign currencies, and livestock. During the...

My friend Jazz Shaw worries that Rick Perry’s argument that Social Security in its present form is a “Ponzi scheme” leaves him vulnerable in a general election. Rick Santelli gave it a workout on CNBC today against the New York Times’ Thomas Friedman, who ends up sputtering into ad hominems when he can’t counter Santelli’s arguments about the nature of a collective that can’t pay out on its promises — and Santelli responds in kind. The Daily Caller provides the transcript and Greg Hengler provides the clip: This gets to the larger point about using blunt language to describe an...

At 7:33 AM CDT Rick Santelli asked guest host Thomas L. Friedman, New York Times foreign Affairs Columnist, and author of his new book " That Used to be Us, " the following question: " Is Social Security a Ponzi Scheme ? " Tom replied, " Your question is idiotic ! " Rick then replied: " Your answer is idiotic! " GAME ON !

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,...

From the Video: Rick Santelli reacts to President Obama’s blame game when it comes to the downgrade of the United States of America’s credit rating. Santelli says that if it wasn’t for the tea party movement, America’s credit would have been downgraded to BBB. He also responds to the argument that we have a revenue problem by comparing it to if his wife spending 30% more money then telling him to get 2 more jobs. Hat Tip Ed http://www.youtube.com/watch?v=XifNbkwJUz0&feature=player_embedded

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:

One of the greatest technicians of all time was a man named W. D. Gann (1878-1955). He had tremendous success predicting market moves much in advance. Legend has it that he occasionally sent notes to The Wall Street Journal, which accurately predicted tops and bottoms in grain markets months ahead of time. There are two Gann principles that I have always respected. They are that historical prices alone aren’t predictive unless paired with time; and that the “birth dates” of contracts are of major significance. The birth date is the first day a contract, stock, or grain begins trading. And...

Want to see a microcosm of everything that’s been wrong with American economic policy over the last couple of years? Watch this exchange between Ezra Klein and Rick Santelli from earlier today on MSNBC’s Morning Joe. Santelli, whose February 2009 on-air rant over fiscal and economic mismanagement inspired the start of the Tea Party, gets exasperated with Klein after the Washington Post columnist talks about money moving around “unfairly”: The entire problem with this economy is the notion that some people have of “unfairness” in markets. In fact, that’s how we got here in the first place. Government intervened to...

Video of comments, see Santelli comments around time index 2.25 Spend less. Santelli even openly disagrees with uber insider buffet.

The banner at the start of the CNBC segment reads “What’s the Deal?” And that’s a question some viewers may have asked by the end of the segment after watching CNBC’s Rick Santelli go very nearly grandma-punching crazy in a segment about spending and the debt ceiling. “I don’t believe in compromise on spending,” Santelli shouted. “There’s no compromise. Stop spending.” And from there it got weirder. Referring to a comment from Warren Buffet about the debt ceiling negotiations referring to the negotiations as a game of Russian roulette, Santelli said “there’s a bullet in the gun. If we keep...

Santelli "Double or Nothing"

NBC's Rick Santelli on Sunday compared the budget crises affecting state and federal balance sheets to a Sept. 11-type attack on the nation.

CNBC's floor reporter criticizes 'kool-aid drinkers' for trying to find good news in the 'disappointing.'...noted that the increase was "way below consensus." "[W]e have overwhelming evidence the jobs market is disappointing, and all of you are trying to look for that one half of spaghetti in a 50 lb. spaghetti bowl. This is not great data," Santelli claimed. "We know that the U6 probably gives you a better indication of the true unemployment rate …"

As a staunch capitalist and social liberal, Rick Santelli might not agree with everything being said at Tea Party rallies or this weekend's Right Nation convention in Hoffman Estates, but he's proud of what he wrought. "People ask me if I'm the father of the Tea Party movement," the CNBC commentator said outside the Chicago Mercantile Exchange. "I was the spark ...that started it. If being the lightning rod that started the Tea Party is what's written on my tombstone, I'll be very happy." But after his five-minute "rant" on CNBC 1½ years ago suggesting a tea party in Lake...

http://www.cnbc.com/id/15840232?video=1592904212&play=1

CNBC’s Rick Santelli, who first burst out onto the scene with his famous “class rant” which also called for the formation of the tea party movement, came out once again with another classic rant.

NBC CME Group floor reporter (Santelli) argues with senior economics reporter Steve Liesman that the government can't tax the nation into prosperity.

After the latest round of primaries, some lessons can already be drawn from this political year. Incumbents are not popular, especially Democratic incumbents. Democrats' big government programs are hugely unpopular. Economic distress has made Americans yearn not for more government but for less. How to explain something contrary to the New Deal historians' teaching that economic distress increases support for big government? Clues can be obtained, I think, by examining what amounts to the founding document of the tea party movement, Rick Santelli's "rant" on the CME trading floor in Chicago, telecast live by CNBC on Feb. 19, 2009. That...

Democrats still don’t get it, and they refuse to reform Fannie Mae and Freddie Mac, the government mortgage companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it. Standing up for American taxpayers, CNBC’s on-air editor, Rick Santelli teed off on Rep. Paul Kanjorski’s (D-PA) claim that Democrats’ couldn’t reform Fannie & Freddie in their financial regulation bill because it was “too complicated,” asking: “It’s too complicated? You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated...