'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage!- Rick Santelli, on live nationwide television.
CNBC's Rick Santelli is the first mainstream news broadcast personality to ever let it rip live and tell it like it is. Done in front of traders in a Chicago pit, they cheered and applauded. BTW This is the real financial world applauding as opposed to the financial power elite who suck at the teat of government.
He takes on the stimulus package and the entire crew: President Obama and government economists. At one point he asks, to prove the absurdity of the stimulus package, "If there is this multiplier effect to government spending, why don't we just spend a trillion dollars an hour, and it will boost the economy by $1.5 trillion an hour?"
Nice job, Rick.
This is must see video.
This might be a bit contrived.
ReplyDeletehttp://www.playboy.com/blog/2009/02/backstabber.html