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Tuesday
Aug162011

Uncomfortable CNBC Moment - Rick Santelli Rips Meredith Whitney For Calling Tea Partiers 'Freaked Out, Unemployed White Men' Tells Her 'To Stick To Munis' (Heavy Sarcasm)

CNBC Video - Santelli battles Whitney - Aug. 10, 2011

Brilliant LIVE moment from Squawk Box this morning as Santelli responds to Whitney on air over her comment about the Tea Party.  Don't skip this.

Whitney:

"Call it Tea Party, whatever you will, the fringe element is I characterize (as) freaked-out white men who are unemployed and have been unemployed for three years and they’re scared to death.  Three to four million of them are about to roll off unemployment benefits in the next three to four months.  This is only going to get worse."

Whitney said extending unemployment benefits, which already have been pushed to 99 weeks, is not the answer.

"You feel better about yourself when you’re working. Kids feel better about their parents when they’re working. Having a job is more than having a paycheck.  To push for the extension of unemployment benefits is going to and should unleash absolute backlash against this administration because that’s a horrendous idea."

Then it's Santelli's turn, and the fun begins.

For those who aren't aware, Whitney made a famous call on 60 Minutes that there would be hundreds of municipal bankruptcies in 2011, which hasn't happened, and she's taken some heat in the financial press for being wrong.  Santelli inserts the blade and twists.

Read more at CNBC...

---

UPDATE - Based on comments, it appears some readers are a little confused about Santelli. He is NOT a commodities trader.  He is merely a reporter for CNBC, and he has vehemently opposed EVERY bailout so far, from TARP on down the line, including all stealth Fed bailouts of Wall Street.

 

 

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Reader Comments (17)

I'm not sure but I do believe that some people have the ability to go through life without a hitch, or any kind of great loss. For her sake I hope she is one of them. If I may go out on a limb here and say, That my mother told me long ago...... That women especially have great difficulty growing old. However none more so than pretty and pretentious women that are used to having their way. So in effect at some point we all get a little unemployed at some point on some level. Some of us don't even get benefits from it either. Good lord.
Aug 11, 2011 at 1:42 AM | Unregistered CommenterDave
The bottle blond is anj anti-whtie whore. She's an elitist who's antiworking man in general, antiworkingmen of all races. I betcha she calls Mexican illegals "Cheap Labor". Isn't that what Scarlett O'Hara called her slaves, cheap labor? It's ok. The French Revolution chopped off 300K heads. America will also have its own revolution. Keep it up, whore.
Aug 11, 2011 at 5:00 AM | Unregistered CommenterPaul fr Connecticut
I believe she said "fringe" because they were discussing the riots and civil unrest across the globe and posing the question about such happening here in the US. Meredith indicated the fringe would grow based on the amount of 3 Million folks about to drop from the unemployment roles. She's right...lots of people are about to get even MORE freaked out. Pssss, little secret, those folks probably had some 401K's to offset their job loss.....a LOT less in there today as compared to Monday. Munis will begin tanking....slow death spiral. May the Lord help us......AB
Aug 11, 2011 at 8:31 AM | Unregistered Commenterain't bullshitt'n
Do you not see that this was staged? Please! "Let's get the herd fighting amongst their silly left/right selves so they miss the point that the Bankers just ***ked them!" It is about tanking our economy after their out of control military industrial complex debt production machine spends every tax dollar our kids, kids, kids will ever make. Now they are going to come after our "Munies" and privatize every road, utility and infrastructure (that YOUR tax dollars already paid to build and support and they will then charge you for the privilege of using those utilities [Can you say toll road? I thought you could.]) and after that they are going to cancel your medicare and social security (because they raided that trust to pay for boondoggles and congressional trips to ISRAEL!) This isn't about left vs right, this is about the elite vs the masses. They do it in cycles and they play on your "patriotism" and they bankrupt nations and empires because you are too easy to goad into fighting over stupid nuance's. Grow up and smell the corruption children. You have been hoodwinked again.
Aug 11, 2011 at 8:42 AM | Unregistered Commenterra
Aug 11, 2011 at 8:57 AM | Unregistered Commenterra
From CNBC this morning.

Trump Changes Gears, Now Buying Bluechip Stocks

http://www.cnbc.com/id/44102433

[snip]

The stocks he purchased: Bank of America, Citigroup, Caterpillar, Intel, Johnson & Johnson and Procter & Gamble.

Video included.....
Aug 11, 2011 at 9:29 AM | Unregistered Commenterjohn
santelli is not a working person. santelli is the problem. He is a commodities trader. Another one of the finance scammers that spend their worthless lives skimming profit form other peoples work. He is as dishonest as they come. Just another loudmouth firing up a gang of loudmouths that call themselves the teabag party. I have no respect for slime like santelli nor for the blowhards, loudmouths and windbags that make up the teabagger party.
Aug 11, 2011 at 12:00 PM | Unregistered CommenterHarry Johnson
Harry. The original tea party group are ron paul supporters. Be careful with your broad brush.
Aug 11, 2011 at 12:04 PM | Registered CommenterDailyBail
He could have called her an angry, bitter, middle-aged woman whose life has not lived up to her expectations.
Aug 11, 2011 at 11:18 PM | Unregistered CommenterRichard
Yeah, well Rick Santelli got his bailout AND YOU CAN STARVE TO DEATH, WORKER!!!!!!!
It's time for those of us who participate in the Real Economy to throw off the shackles of the investor oligarchy, we can start by burning Santelli and the rest of his class at the stake on the National Mall, along with their whores in congress and all lobbyists.
What a D-bag!
Aug 16, 2011 at 1:44 PM | Unregistered CommenterDoug Diggler
Where are the jobs which Republicans claimed would be created by extending current tax rates enacted under Bush? They are absolutely not out here not one of them care. These criminals lack any morals or shame.
Aug 16, 2011 at 3:22 PM | Unregistered CommenterDwayne
Hello, has anyone of us told the Fuc**ing Elite Bitch'es, that the Tea Party is just the American People, ( Moms, dads, ants, uncles, grandpas, grandmas ) just plain ol people of this once great country, that want it back the way it was.................

Hello, one thing the American People do know, is right from wrong..........the Fuc**ing whores in washington dont under stand......

The American People have had enough..........
Aug 16, 2011 at 9:03 PM | Unregistered CommenterTexas Dar
This shill of an over processed blonde is spreading leftist talking points; that the TEA party is racist white people "freaking out" over a black president. Typical propaganda ploy is tell a lie, tell it often enough and soon it is taken as the truth.

With 50% of the county not responsible for paying ANY income tax and in fact, EXISTING off the backs of the hard work of the other 50% is what is FREAKING PEOPLE OUT.

Federal TAX PAYER BAILOUTS to Wall Street banks, European Central Banks and Unions is FREAKING FLIPPING PEOPLE OUT.

A Government no longer accountable to the citizens, clamping down on freedoms at airports, while tightening the nooses of economic control through ever increasing taxes and communist style regulations is FREAKING PISSING PEOPLE OFF.

Lear Jet, intractable, self serving, elitist career politicians are FRICKEN PISSING PEOPLE OFF.

Out of touch, Belt Way/ Wall Street Bitches such as Whitney are FRICKEN PISSING PEOPLE OFF.

This thoughtless Bitch had better keep doing what ever it is she does and hope that she can remain in her tight little rarefied circles up off the gritty streets. The swarming masses of black and brown immigrant "Have Nots" don't have much use for good looking society blonde these days, except to take a $1200 Gucci off her shoulder and maybe some jewelry. She will really stand out as a "Haves" to pick off. Then she we'll see which White People are FREAKING OUT.

I smell a Revolution in the air
Aug 16, 2011 at 11:45 PM | Unregistered CommenterLady Su Su
LOL> WHITE MEN! WHAT A FUCKING SPOILED COLLEGE LIBERAL BRAT EQUINOX NYC PIECE OF SHIT SHE IS. WAIT LADY......YOU WAIT A YEAR OR TWO....>>> THE US WILL BE JOINING THOSE WHITE MEN....
Aug 17, 2011 at 5:55 AM | Unregistered Commentercarawaga
SHE IS TEH CREATION OF THE BAVARIAN BANKING LEFTISTS ESTABLISHMENT CIRCA 1995-2011.
Aug 17, 2011 at 5:56 AM | Unregistered Commentercarawaga
ROB REDDING HOW DO YOU EQUATE HIM TO BEING A RACIST? SHE MADE A BROAD COMMENT AND HE HAD EVERY RIGHT TO RESPOND. THE TEA PARTY IS NOT ALL WHITE MEN AND THIS HOST IS IGNANT LIBERAL TALK SHOW HOST. SHE MADE A CALL ABOUT MUNI BONDS TANKING EARLIER IN THE YEAR> AND HE STUCK BACK TO HER. GOOD ON SANTELLI!!!!!
Aug 17, 2011 at 6:09 AM | Unregistered Commentercarawaga

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