Rick Santelli Tees Off On Obama's Failed Leadership: "We Have a Spending Problem, If Not For The Tea Party, The U.S. Would Be Rated Triple-B" (VIDEO)
CNBC Video - Santelli goes to war with Steve Liesman - Aug. 8, 2011
A must see from Monday afternoon after Obama's miserable press conference sent stock indexes plummeting.
"You know what leadership means? It means that it doesn't really matter what S&P says. We all know deep inside that no country is the same as it was 5 years ago. And the market seems to be okay with it. And as for stocks going down we were already Ralph Cramden (of Honeymooners) on thin ice. Now an infant jumped on our shoulders. It's just even more weight. In the end, in the end we need to address problems we know exist. A Treasury Secretary or a President should be out here not fighting S&P, not grabbing the other coach and slapping him around, taking the umpire behind the barn. He should be getting the team psyched to overcome."
"See I remember I had a professor in college. I wrote a great paper. Could never please this guy. But it made me better. Okay? We're better than this. Don't get caught up in the minutia. All this BS. We're better than this. We need to prove it. We're off the track. Whether we're better than some other country or not, the real issue is we're on the wrong path. Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB."
Related rants from Santelli:
Aug 9, 2011 at 2:36 AM
Reader Comments (11)
By Janet Tavakoli
http://wallstreetpit.com/81138-all-three-rating-agencies-are-wrong-on-usa-rating
http://www.zerohedge.com/news/futures-rout-accelerates-emergency-fed-announcement-possible
http://blogs.reuters.com/felix-salmon/2011/08/08/buy-stocks-sell-bonds
I agree. For a month long trade i would buy into tomorrow's panic. The Dow has lost 2000 points in less than 10 trading days. The fear is palpable. It's time to buy for a trade.
http://letthemfail.us/archives/10333
Before the news that Italian authorities had executed search warrants on Standards and Poors followed by rumors a senate subcommittee was considering a similar investigation, a parody on the prospects of the S&P being setup and investigated for financial terrorism was posted here:
http://www.fattail.org/viewtopic.php?pid=30308#p30308
http://www.dylanratigan.com/2011/08/10/im-mad-as-hell-how-about-you/
He sure has a good handle on the looting issues and the systemic
corruption.
Send in the week-whacker - clean out the noxious growth.
Thanks for posting. Saw DR do his "Network" thing...not only were his guests stunned, but the news desk folks behind the set stood up from their zombie posts to take notice. Need more of this from more people on more pulpits. DR has been fighting the fight, like he said, for 3+ years--and almost alone amongst his "media" brethren. He must drink...
Is anyone out there listening, or are the sheep too busy listening to Jamie Dimon spew his shite on his "rock star" bus tour thru Cali? It makes me wanna puke when I hear the cheerleading morons shout "Dimon for Sec. of Treasury"...