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« Home Foreclosure Mortgage Bailout CNBC Kudlow Video: Rick Santelli Responds to White House Press Secretary Robert Gibbs. Chicago Tea Party | Main | Home Foreclousre Bailout News Video MSNBC: Hardball's Chris Matthews Interviews CNBC's Rick Santelli »
Saturday
Feb212009

Debating Obama's Home Mortgage Bailout Plan: Video NBC: Brian Williams Interviews Santelli and Liesman

 

This is an interesting 6 minute clip from Friday morning's Today Show.  NBC's Brian Williams makes a rare morning appearance as host of the deabte.  This is the 4th of our series of videos chronicling the rise of a taxpayer revolution.  The issue being debated is Obama's proposal to bailout struggling homeowners at the expense of everyone else, including renters who made a conscious choice NOT to participate in the real estate bubble game, yet now are being asked to subsidize the mistakes of those who did.

It strikes at the core of who we are as Americans.  For most taxpayers, the ongoing bank and auto bailouts, though more costly and extremely un-popular, do not resonate personally.  But bailing out an irresponsible neighbor, who purchased more house than he could afford, is understood by everyone.  I noted this peculiarity previously in our story on Citi and Bank of America, advantage commode.

 


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Reader Comments (6)

Brian Williams looks an awful lot like Matt Lauer. Hmmmmm, I think because it is Matt!!!
Feb 21, 2009 at 9:46 AM | Unregistered CommenterChris Thomas
Liesman is an idiot. He shouldnt even have a job with CNBC.
Feb 23, 2009 at 12:30 PM | Unregistered CommenterEd
Williams, Lauer, & Liesman have proven themselves to be absolute tools. It's our time to sacrifice? Those who behaved responsibly shall be forced to sacrifice their current and future incomes and prosperity, and that of their children and grandchildren, for those who behaved irresponsilby. This isn't even moral hazard anymore. It is a perverse incentive to be reckless and corrupt.

I am still waiting for the rational arguments in support of the bailouts and stimulus. Anyone supporting them always fall back to "it is better to do something than nothing" when they realize they are grasping at straws. Really? Evidence please. Do any of them have the credibility and expertise to even analyze the pool of possible actions or inaction and consequences thereof? Oh wait, there is no time for that because we must act now for the world ends tomorrow - damn the consequences.
Feb 23, 2009 at 1:43 PM | Unregistered Commenterspideydouble
WHAT ABOUT THE RENTERS? I really agree with Santelli but wish he would actually say that there are 100,000,000 people BEYOND the 92% of responsible homeowners who also don't like the Obama plan, they are the invisible renters. Its bad for BOTH homeowners and renters. See how at:

http://watchingmarcitz.com/2009/02/22/obama-hurts-100-million-to-help-9-million/
Feb 24, 2009 at 2:58 AM | Unregistered CommenterWatchingMarcitz
Steve Liesman is an absolute dope and is not qualified to be on CNBC. Every time he opens his mouth proves this.....
Feb 24, 2009 at 12:53 PM | Unregistered Commenteronewaypockets
The crisis isn't over yet. I have to disagree on this one, as long as you help out people who have lost their jobs only. SCREW the speculators. I have been without a job since March of 07, luckily my girlfriend still has her job and we were responsible enough to buy a house that we could afford with one income, BUT WHAT IF SHE LOOSES HER JOB? WE SHOULD SUFFER BECAUSE OF A TWICE IN A 200 YEAR OCCURRENCE? I pray that I can get off my ass and do something and it doesn't come to that but it's nice to know someone understands my circumstances. Thank GOD I had to cash in all my savings before this all hit the fan.
Feb 25, 2009 at 9:34 PM | Unregistered CommenterHereHere

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