Monday, February 23, 2009

Rick Santelli: Asshole of the Year...

http://blogs.abcnews.com/theworldnewser/2009/02/cnbcs-santelli.html

CNBC's Santelli Rants About Housing Bailout
February 19, 2009

CNBC's Rick Santelli made a splash this morning. It is being called "Santelli's Rant" or "Santelli's Chicago Tea Party".

Santelli derided the Obama administration's housing rescue plan, which aims to spend more than $200 billion when all is said and done to try and keep people in their homes. The goal? By helping the hardest hit, you help everyone by raising home values.

Back to Santelli. He was at his perch on the floor of the Chicago Board of Trade and with a nod to those around him he blasted Obama's plan. Here is a transcript of what he said:

Rick Santelli CNBC transcript (video):

"Mr. Ross has nailed it. The government is promoting bad behavior. We certainly don’t want to put stimulus pork 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 tell you what. I have an idea. The new administration is big on computers and technology. How about this, Mr. 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 they like to at least buy buy cars, buy a house that is in foreclosure … give it to people who might have a chance to actually prosper down the road and reward people that can carry the water instead of drink the water?

This is America! (he turns to the traders nearby)

How many people want to pay for your neighbor’s mortgages that has an extra bathroom and can’t pay their bills? Raise their hand!

President Obama, are you listening?

You know Cuba used to have mansions and a relatively decent economy. They moved from the individual to the collective. Now they're driving '54 Chevys.

It's time for another tea party.

What we are doing in this country will make Thomas Jefferson and Benjamin Franklin roll over in their graves."

7 comments:

Anonymous said...

Good to see the fine art of bullshit is still alive and kicking in Wall Street. Santelli doesn't know dick about Cuba either apparently.

Anonymous said...

Ні therе, I fοund уouг web ѕite by thе use
οf Googlе whіlst seаrching for a гelаtеԁ matter, yоur websitе came uр, it apρeагs greаt.

I've bookmarked it in my google bookmarks.
Hi there, simply was aware of your blog through Google, and located that it is truly informative. I am gonna be careful for brussels. I will be grateful in the event you proceed this in future. Many folks will be benefited out of your writing. Cheers!

Review my blog ... Structured Settlements

Anonymous said...

Hola! Ӏ've been following your weblog for some time now and finally got the courage to go ahead and give you a shout out from Huffman Tx! Just wanted to mention keep up the great job!

Here is my web-site ... vitamin shoppe coupon

Anonymous said...

If yοu wish for to get muсh fгοm thіѕ post then you haѵe to apply these methods tо your won websitе.



Feel fгeе tо vіsit my web-site
vistaprint coupons

Anonymous said...

Hello my friend! I want to say that this post is awesome, nice written and include almost all vital infos.
I'd like to see extra posts like this . ageless male - ageless male - ageless male

Look at my web site: ageless male

Anonymous said...

Hi! This is mу first сomment here ѕo
I just wаntеԁ tο give a quіck shout out and tell you I genuinely
enjοy гeading through your posts.
Can you suggest any оther blogs/websites/forums
that coνer thе same topics? Thankѕ for уour tіme!


Have a loоk at my site ... term life insurance quotes

Anonymous said...

Remarkable issues here. I'm very happy to see your article. Thanks so much and I am having a look ahead to contact you. Will you kindly drop me a e-mail?

Feel free to surf to my web page :: raspberry ketone capsules 125 mg