Quotes of the day
posted at 10:35 pm on February 19, 2009 by Allahpundit
“I guess in the end, I believe in the founding fathers, and I believe that in America… the pursuit of happiness and to work hard and keep the fruits of your labor is something I believe in. And I’m not saying we should forget people who need help. But at the end of the day, Americans are strong and they’re charitable. I think what they have a problem with is that it’s force-fed via the government.”
*
“The segment couldn’t more clearly illustrate the disconnect between the financial-services sector, certain financial journalists, and, you know, ‘reality.’
This was CNBC’s worst performance in an entire week—since Michelle Caruso-Cabrera, Dennis Kneale, Roben Farzad & Co. made horses’ rear-ends of themselves trying to squeeze investment tips out of two of the leading thinkers on the global financial crisis, Nouriel Roubini and Nassim Nicholas Taleb.
What sent Santelli, CNBC’s hot-air, oops, “On-Air Editor,” over the edge? The homeowner bailout. Of course, he didn’t get himself into nearly this much of a lather over the trillions of dollars we’ve given to Wall Street welfare cases and the busted banks. Oh no.”
Blowback
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Kudos to CNBC
blatantblue on February 19, 2009 at 10:38 PM
Pink slip in 3….2….1….
Ray Flicker on February 19, 2009 at 10:40 PM
I think there will be many tea parties to attend in the next 4 years. I’ll have to clear my calendar.
TheSitRep on February 19, 2009 at 10:40 PM
Torch, check. Pitchfork, check. Bad attitude, check. So, where’s the party?
ignorantapathy on February 19, 2009 at 10:42 PM
It’s true that he should have addressed bank bailouts, too. However, his message, even assuming his personal hypocricy, is lacking in the public debate nowadays. So good for him to say that.
radiofreevillage on February 19, 2009 at 10:42 PM
In other words, the disconnect between the people who actually work in the financial sector and the morons in Washington who got us into the mess to begin with and now want to play a populist message.
amerpundit on February 19, 2009 at 10:42 PM
Did you misplace the quotation marks? But I do love the comments after the article. I’m sure the author didn’t expect the peasant revolt.
genso on February 19, 2009 at 10:42 PM
No. No. Of course not. You just have a problem with that kind robust commentary. Twit.
Weight of Glory on February 19, 2009 at 10:45 PM
I guess CJR never saw this. Santelli was skeptical of TARP.
http://www.youtube.com/watch?v=I-1g0OZJIdk
Mark1971 on February 19, 2009 at 10:45 PM
Other articles you can read in the February Columbia Journalism Review:
-Un-American-
“Have you listened to the right-wing media lately?”
-What We Didn’t Know Has Hurt Us-
“The Bush administration was pathological about secrecy. Here’s what needs to be undone after eight dark years—and why it won’t be easy.”
Bishop on February 19, 2009 at 10:47 PM
Did Olbermann make him Worst Person In The World yet?
Hilts on February 19, 2009 at 10:47 PM
FBN could use him.
crabtree on February 19, 2009 at 10:48 PM
I’m soooo ready for a tea party I can taste it. The kettle is juuust beginning to boil…
I think there will be many Santelli’s blowing their lids once people start to feel the burn of all this CRAP that’s in the works.
katy on February 19, 2009 at 10:49 PM
Did Santelli get “worst person in the world” praise tonight?
kerrhome on February 19, 2009 at 10:49 PM
Never too late to blame THE JEW!
/borat
abobo on February 19, 2009 at 10:49 PM
I’m just STUNNED that they would say this. Stunned! They WANT to pay for their neighbors mortgage…well, it’s really about the priorities isn’t it? 1) Get a long term propaganda job in the Obama administration 2) Pay for my neighbor’s mortgage.
But, yes, you can see that he wants to pay for his neighbor’s mortgage second, after serving his patriotic duty to this country for the next 8 years…which really makes Ryan Chittum a people person, no?
AUINSC on February 19, 2009 at 10:50 PM
They’ve got a poll over there on CNBC.com, asking if you would join the “tea party”. Drudge has the link. Last I checked it was 90 to 7 in favor, with over 60000 votes cast. The feedback comments are great.
Weight of Glory on February 19, 2009 at 10:51 PM
Can Olberman call this guy out since he’s technically a NBC employee too?
jp on February 19, 2009 at 10:55 PM
Santelli,is the spark,the floor was the fuel,
and the blogs are the pistons,the bloggers are
the engine,and the enraged tax payers will start
to be fed through the carburators,
slowly and surely,this engine will come to life
like a ground pounding thumping good ol’American
made Big block Chevrolet engine!
And,once this bad boy gets rolling,there will be
a lot of smoke,and screeching,across America!!
(Snark!)
canopfor on February 19, 2009 at 10:55 PM
What a contrast of quotes!
Go Santelli.
By the number of emails he received, the avalanche The Corner appears to have received and the number of votes at CNBC, I would guess that he resonated with a lot of folks!
INC on February 19, 2009 at 10:55 PM
Finally, the sunshine conservative Allah GETS ONE RIGHT!! Hell, sometimes when you’re not turning up your elitist nose at the delightful Sarah Palin, you manage to get one right.
Charles Martel on February 19, 2009 at 10:55 PM
If Santelli gets the pink slip, he should get his own show on FOX Business!
Finally a guy that speaks the truth with that passion. Capitalism needs that kind of boisterous support.
jencab on February 19, 2009 at 10:57 PM
From the CJR article:
Well, I’m not anybody, but I don’t agree.
mikeyboss on February 19, 2009 at 10:58 PM
Road Trip,’Tea Party’
bring Canadian beer,and bacon,check!
get map,head to Boston Harbor,check!
canopfor on February 19, 2009 at 10:58 PM
I’m with ya Rick…check this guy out too:
http://hotair.com/archives/2009/02/19/video-the-koran-challenge/
AUINSC on February 19, 2009 at 11:00 PM
BTW,has any Liberal called Rick Santelli ‘Mental’yet!ahem.
canopfor on February 19, 2009 at 11:01 PM
Wow! Great video. Where was National Barry Corporation during the election? That was a great rant!!!
Mojave Mark on February 19, 2009 at 11:02 PM
The San Fran salt marsh mouse voted NO!
profitsbeard on February 19, 2009 at 11:03 PM
I’m all for a tea party but the tea thing has already been done. We need something else to throw in the water. Something new & innovative.
I know……a politician party……tie ‘em up & throw ‘em.
I’m in!!!!!!!
Colorado Anne on February 19, 2009 at 11:03 PM
I don’t think he’ll get the pink slip.
Go look at CNBC.com
His video is highlighted with the words Rebel Yell on it. (
(I find that humorous. I guess they’re not history buffs just financial ones, because they’re scrambling the Revolutionary War with the Civil War!).
You can find the poll in the middle column:
Would You Join Santelli’s “Chicago Tea Party?”
69421 responses so far / 91% yes.
INC on February 19, 2009 at 11:04 PM
This needs to be immortalized, from today’s HA headlines
Entelechy on February 19, 2009 at 11:04 PM
There’s a link in the headlines to the CNBC poll.
INC on February 19, 2009 at 11:07 PM
The best quote from Rick is at the end where in one sentence he exposes the lunacy of the approach. Paraphrasing he said, if the multiplier of 1.5 these economists in Washington are using is right, all the worlds problems are solved by Government spending since they think for every trillion spent they are going to get back 1.5 trillion.
TheBigOldDog on February 19, 2009 at 11:09 PM
Over 71000 now and the site is slowing down.
genso on February 19, 2009 at 11:10 PM
I’d guess a lot of people came home and saw it on the web or on Kudlow or elsewhere.
INC on February 19, 2009 at 11:12 PM
Heh. My 76 yo mother called and told me she saw him on O’Reilly and Hannity.
genso on February 19, 2009 at 11:13 PM
Moral hazards everywhere…
ninjapirate on February 19, 2009 at 11:14 PM
This is the crux of the issue, and what I don’t understand about the mortgage bailout. How exactly are regular hardworking folks getting swept up in the tsunami? You mean the teaser rate on their ARM is expiring? Well forgive me but some of us planned ahead and got a fixed rate. That meant our initial payment was a few dollars higher so we could not buy a McMansion, but we are secure in our homes now and paying on time. Meanwhile in ’03, ’04 and ’05 these people were refinancing to take out bigger loans and spending the money on sports cars. Someone explain how responsible borrowers are “caught up in the mortgage tsunami.” It just seems to me that these folks are irresponsible spendthrift Losers.
Ted Torgerson on February 19, 2009 at 11:14 PM
Everyone on Kudlow tonight was praising Rick and making plans to join the tea party (and they seemed serious about being there.) They buried some poor Obama hack that was trying to defend the plan.
TheBigOldDog on February 19, 2009 at 11:14 PM
Liberals and Democrats…be afraid…be very afraid.
The silent majority may not be silent much longer. The more this administration tightens their grip, the more star systems will slip through their fingers….errr….the more people will begin to wake up.
javamartini on February 19, 2009 at 11:14 PM
If this thing happens, how wonderful to have thousands of people in Chicago rallying against their favorite son.
sherry on February 19, 2009 at 11:15 PM
Yeah its hard to battle reality with campaign rhetoric. 72500 now.
genso on February 19, 2009 at 11:15 PM
Parts of this “homeowner rescue plan” make me laugh/cry. Subsidize interest rates for 5 years. Gosh, I wonder what will happen after 5 years? Ever heard of an ARM loan Mr. President?
$1.5 billion for renters who lost their homes to foreclosure. My mistake was I felt like I should rent for a few years because I couldn’t afford the mortgage payments. Now I pay my mortgage and someone else’s rent.
WaltDakota on February 19, 2009 at 11:16 PM
Wow, good for her. It is spreading.
My husband was busy watching Kudlow tonight.
It’s going to be really interesting to see how high that vote goes.
INC on February 19, 2009 at 11:17 PM
What sent Santelli, CNBC’s hot-air, oops, “On-Air Editor,” over the edge? The homeowner bailout. Of course, he didn’t get himself into nearly this much of a lather over the trillions of dollars we’ve given to Wall Street welfare cases and the busted banks. Oh no.”
It took a while, but people like Santelli are finally waking up. Yeah, I’m up for a ‘tea party’. Anyone want to borrow a rifle? I’ve got several I can loan out.
I suggest we start where it all began. Boston Harbor. There’s a certain Barney Frank I want to tar and feather.
GarandFan on February 19, 2009 at 11:17 PM
Clearly, the failed policies of the last eight years finally got to Santelli. You see, it’s Booooooosh’s fault!
camelon23 on February 19, 2009 at 11:17 PM
Idea,make video of Santelli as General Patton,
then,creativity is needed to change all the words
of said ‘Obama’s Crisis’,
then post on YouTube!!
Or,Rick Santelli as Paul Revere,
“The Liberal are coming,the Liberals are coming”!
canopfor on February 19, 2009 at 11:19 PM
The west coast crowd ins coming online now. I say it tops 100k before the morning.
genso on February 19, 2009 at 11:20 PM
Crap,thats Liberals,forgot da stinkin S!
canopfor on February 19, 2009 at 11:21 PM
No…I like Chicago. Boston was the link to England. Chicago is the link to the One.
genso on February 19, 2009 at 11:21 PM
Exactly!!!
This guy had me so fired up that I told all my accounts to go catch the video and called every friend I could get a hold of to do the same.
The press and Obama’s sheep may be on their knees
in the People’s Temple of Obama but it is getting obvious that a lot of people are starting to see that this election has been the biggest con job ever perpetrated on the American people.
Baxter Greene on February 19, 2009 at 11:22 PM
This is what continues to amaze me…. all these so called economists talking about the multipliers of government spending, and no one bothers to ask them, in this age of ever increasing deficits, how could we ever enter a recession in the first place.
BPD on February 19, 2009 at 11:22 PM
Yes, I was thinking of some angry Californians.
INC on February 19, 2009 at 11:22 PM
Question: Have them Dems bitten off more than they can chew on this?
genso on February 19, 2009 at 11:24 PM
Rick Santelli +1
Steve Leisman -1
moxie_neanderthal on February 19, 2009 at 11:25 PM
I absolutely agree with Rick.
I’m 24, & the idea of working the rest of my life to not only support myself but to pay the haphazard debts of others is appalling.
Where do I sign up?
youngTXcon on February 19, 2009 at 11:26 PM
moxie_neanderthal +10
genso on February 19, 2009 at 11:26 PM
Yeah, I was surprised by the comments as well. There’s been a lot of damage already with much more to come. But the worm will turn.
ddrintn on February 19, 2009 at 11:29 PM
Allah, you might as well have linked to a random pile of goat turds (from your native land of Saudi Arabia) as that bleeding-heart Columbia School of Journalism article. Next time, just stick to the turds. They stink less..
Anything that ticks off the Left is, by definition, good.
And all that crying about “down on their luck folks” – most of these clowns stopped paying their mortgages long before the market tanked, back in the days of 5% and lower unemployment. They just didn’t care, since they got these homes while barely employed, figuring that they’d either flip them or split when the rates reset. They lied on their applications and lived large on Fanny and Freddie, while everyone else paid.
Santelli was right, along with the traders.
And who the hell ever said that mortage holders should stop paying their mortgages if their valuations went “under water”? The control on that was always the threat of losing you future ability to ever get a loan, much less a mortgage from a bank. Try to walk from a GMAC loan and then need a car. Good luck!!
Millions and millions of Americans have lived through real estate devaluations, but kept on paying their mortgages, since the alternative was unthinkable. And, in most cases, the valuations came back eventually. But these were not normal borrowers, in many cases. In fact, many of these were low-life dipshits who didn’t care if they abandoned these properties.
Kick em out and/or make them renters – what they should have been anyway. Transfer the title over to the bank or even the feds and let the “borrowers” stay there and rent for a time. Of course, any damage to the home will be charged to them, just like any other renter.
Treat them accordingly, stop the handouts and let them know that it will be a cold day in hell before they will ever be given another government-backed mortgage.
TexasJew on February 19, 2009 at 11:32 PM
All the people needed was one MSMer to blow the lid on what’s been going down over the last few weeks! Ya freakin’ hoo!..
One big passionate voice is all it took. Somethin’s comin’!!
katy on February 19, 2009 at 11:33 PM
If others did as you did and folks like genso’s 76 year old mom saw it–well, talk about viral! This is going to be buzzing across the country.
INC on February 19, 2009 at 11:35 PM
“The emperor has no clothes!!”
ddrintn on February 19, 2009 at 11:35 PM
Read the comments under the CSJ article. Some of them make up for it.
INC on February 19, 2009 at 11:37 PM
Well…………
……….. that makes at least two of us. Anyone else?
Seven Percent Solution on February 19, 2009 at 11:37 PM
Tomorrow is Friday….Barry likes to release bad staff on Friday.
BTW the poll is up to 77K
shomegirl on February 19, 2009 at 11:38 PM
This thing needs a lot of coverage on the Sunday talk shows. I hope he is scheduled on at least one of them.
sherry on February 19, 2009 at 11:39 PM
The Roman Temple Pillers of Perpetual Hope
and NeverEnding Change,
appear to be cracking!!
canopfor on February 19, 2009 at 11:39 PM
Gawd, honestly if 30% of the American people stopped sending in their mortgage payments it would shut down the system. There wouldn’t be enough enforcement for evictions. The people’s revolt begins!
katy on February 19, 2009 at 11:40 PM
Jimmuh=CRA+Clinton+Fannie+Raines,Freddie+Franks,Waters,Dodd, their minions=economic collapse+
Pelosi,Reid,Bush=TARP1+Obama+Stimulus1+
TARP2+Stimulus2=TARP3+ Stimulus3=total destruction ofliberty
=government takeover.
The lowest common denominator.
Speakup on February 19, 2009 at 11:41 PM
That would be 3. I watch CNBC every day as I follow the market. Anyone else plan on watching in the morning?
genso on February 19, 2009 at 11:42 PM
He did speak out against the TARP and UAW bailouts. He’s consistently talked about the destruction that will be caused to the dollar by this monumental spending spree. Maybe he didn’t yell about it but if you spend a few minutes searching YouTube you can find that he’s been consistent on this since at least October. .. but back then he was opposed to what Bush was calling for so I guess you all didn’t want to hear him then?
popularpeoplesfront on February 19, 2009 at 11:42 PM
over 79000 now. NO’s dropped to 6.8%
genso on February 19, 2009 at 11:46 PM
I wish I lived in a state with a Republican governor. Jeremiah Jay is acting like a kid in a candy store. It’s disgusting.
shomegirl on February 19, 2009 at 11:46 PM
I would say at least 79,000 and counting.
INC on February 19, 2009 at 11:46 PM
Priceless. Of course, Obama sycophancy is taking a highly “realistic” view. MSM tunnel vision.
ddrintn on February 19, 2009 at 11:48 PM
I watched that segment with Nouriel Roubini and Nassim Nicholas Taleb and I think Roubini is running that hustle of his into the earth. What a depressing little putz.
He even has perfected the oracular look of doom, like a Texas buzzard on a fence post.
I enjoy watching Peter Schiff, but he also runs that hustle a bit too much.
The problem is, the dollar is crap – Mr. Weirdo himself, Max Keiser, calls it the “Roach Motel” of currencies – once you get in it, you can’t get out – but it is still the defacto coin of the realm. Even the Chinese know that, much to their chagrin. The yen is not going to be too good for a while, since Japan is really on its ass right now. So it’s the pathetic dollar, much to the dismay of the doomsday investors.They have lost billions betting against it, at least until now.
Every recession has its prophets – Joe Granville, Abby Cohen, Robert Prechter, and on and on, but almost none of them ever make anyone any money, except for random pleas to “buy gold”. And they vanish into the same mist of time that took away beloved Louis Rukeyser. But their beloved gold is a hedge and not an investment, and if you have nothing to talk about -sectors or foreign currencies or long-term outlooks, you just wind up looking like a Roubini – all one-dimensional scowl and no spit.
TexasJew on February 19, 2009 at 11:49 PM
It’s currently 91% yes, 6.8% no, 1.7% ‘not sure’ after over 80,000 votes.
Fallen Sparrow on February 19, 2009 at 11:53 PM
…….. even better!
:O)
and counting……
Seven Percent Solution on February 19, 2009 at 11:53 PM
Nice screed. I don’t think I’ve ever seen that put so succinctly. That’s the problem with currencies now. There are a few hedges but absolutely no place safe.
genso on February 19, 2009 at 11:54 PM
Here’s a quote from Obama,
in what he really means,
for an America redo!
‘who have courage to remake the world as it should be’
Hope is what led a band of colonists to rise up against an empire; what led the greatest of generations to free a continent and heal a nation; what led young women and young men to sit at lunch counters and brave fire hoses and march through Selma and Montgomery for freedom’s cause. Hope is what led me here today–with a father from Kenya, a mother from Kansas; and a story that could only happen in the United States of America. Hope is the bedrock of this nation; the belief that our destiny will not be written for us, but by us; by all those men and women who are not content to settle for the world as it is; who have courage to remake the world as it should be.
BARACK OBAMA, speech, Jan. 3, 2008
canopfor on February 19, 2009 at 11:55 PM
Money, business, and economics are entirely irrelevant to these DC politicians. They don’t understand any of it. Politicians and too many adults are financially illiterate in this country. By sheer dumb luck, enough of them manage to make just barely more than they spend.
And when things head south, all politicians have to do is cart out the tear-jerkers like Henrietta Jones and then you have politicians fumbling for their [read "our"] checkbooks to write checks that they can’t cash. I’m all for finding someone in a particularly community to help someone in that same community who is truly needy. Otherwise, tough. The federal government shouldn’t be reaching this far. Build the roads and defend the coasts. Period. After that, get out of the way.
Equal opportunity, not equal results, is all we’re promised in this country. Right now, DC is screwing up the equal opportunity aspiration even more than they have in the past. If they want to work on something, start there. Quite honestly, if I were a college-age voter, I’d be enraged at what Obama’s doing. I suppose it’s more important to be hip.
BuckeyeSam on February 19, 2009 at 11:56 PM
I voted. Sign me up!
Oink on February 19, 2009 at 11:56 PM
I admit I don’t have that kind of courage. But I do have the courage to try like hell to stop him.
genso on February 19, 2009 at 11:57 PM
Well written article and have to agree with Ryan.
getalife on February 19, 2009 at 11:59 PM
The Dems are trying to create a permanent majority. That is what all these programs are designed to do. Get as many people dependant on the government as possible.
WisCon on February 20, 2009 at 12:03 AM
genso on February 19, 2009 at 11:54 PM
Thanks.
Speaking of buying foreign curreny – I just put some money into buying some foreign currency off eBay – several 500,000,000 1923 Weimar Mark notes, a half-dozen brand-new 100 Trillion dollar Zimbabwe notes, and, my best purchase, an authentic 10 Quintillion Hungarian Pengo note from 1946. I’m going to give some of these away and frame the rest.
I’m still on the hunt for that elusive 100 Quintillion 1946 Pengo note – the world record for circulated currency – but I’m going to enjoy my slightly smaller denomination!
TexasJew on February 20, 2009 at 12:06 AM
Barry has a very clever twist of lies mixed in with the aspirations of humanity. The Left always think they can force Utopia without recognizing the inherent problems and pitfalls of human nature.
Our Founders were wiser:
~George Washington
INC on February 20, 2009 at 12:08 AM
I hope to God Obama and the marxists -as GWB said- misunderestimated the American people and the backlash has only begun!!
katy on February 20, 2009 at 12:09 AM
Well written article and have to agree with Ryan.
getalife on February 19, 2009 at 11:59 PM
Well, I’ll have to agree with dozens of other posters here:
you’re an idiot.
TexasJew on February 20, 2009 at 12:09 AM
Good on you and good luck. I made a tasty buy of yen at 122 last year and sold at 89, but there’s no telling about currencies now. Still, it doesn’t make me a Quintillionaire like you. Damn…I need to try harder.
genso on February 20, 2009 at 12:11 AM
Nice.
Mike D. on February 20, 2009 at 12:12 AM
Dear Mr. President
MB4 on February 20, 2009 at 12:14 AM
As of my vote, the numbers were as follows:
BTW: As part of the Tea Party, would we be allowed to throw Obama overboard?
BuckeyeSam on February 20, 2009 at 12:19 AM
The CBOT has been rechristened Galt’s Gulch.
moxie_neanderthal on February 20, 2009 at 12:20 AM
Nice. The problem is if Obama starts up with the hopey stuff it actually might put people at ease, rally the markets and provide a smoother and faster transition to his utopian nightmare.
katy on February 20, 2009 at 12:21 AM
It would only be fair to allow everyone to do it…one after the other.
genso on February 20, 2009 at 12:21 AM
Obama wanted to drive pessimism and anger to support his agenda. A backlash directed against him is not the change he was hoping for.
INC on February 20, 2009 at 12:21 AM
We can not allow this to die. We may not have this opportunity again to raise such popular support.
genso on February 20, 2009 at 12:24 AM
Well, there are some members of Congress who should also be included.
INC on February 20, 2009 at 12:24 AM
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