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Rick Santelli Leads A Revolt At The CBOT

by Doug Mataconis @ 12:30 pm on February 19, 2009.

If you missed CNBC this morning, here’s Rick Santelli going off about Obama’s mortgage bailout plan and the strongly positive reception it got from the traders on the floor:

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117 Responses to “Rick Santelli Leads A Revolt At The CBOT”

Anne Palazzo Says:
February 19th, 2009 at 1:04 pm
I am tired of all the critics to “any” plan that comes from Washington these days. These critics, you included Mr. Santelli are not offering any solutions, just criticism and blame on thoses who have fallen on bad times.
This financial crisis is more far reaching than many people realize. Something has to be done to stop the bleeding even if it seems like triage. Helping with the home mortgage plan can help people like myself who are not in financal peril. But let me tell you it would help my son who purchased a house that he can afford, but alll around him all of his neighbors have moved out and their houses are in forclousure. The value of my son’s house has plummeted, as the value of other houses in the Scottsdale area of Paridise Valley AZ. If the mortgage plan can help those individuals who need a bit of help to save their houses, they eventually will be saving my house and YOURS.
Doug Mataconis Says:
February 19th, 2009 at 1:13 pm
Anne,

We’re not opposed to all ideas, just the really, really bad ones.

Bush’s TARP bailout was a bad idea, so was his auto bailout, so are Obama’s stimul-pork, and his plan to reward the financially irresponsible, which he calls mortgage relief.
mw Says:
February 19th, 2009 at 1:26 pm
Doug, You need to put this up at the Donk.

I don’t know if Santelli touched a nerve outside of the trading pits, but this thing is getting a lot of play around the ’sphere. With the national default rate on mortgages at 9%, I’ve got to wonder how that other 91% feel about being told they have to help pay for their neighbors mortgage in addition to their own. It is not like the 91% who pay their mortgage are not struggling in this economy also.
Darth Vader Says:
February 19th, 2009 at 1:31 pm
The Old Republic has been disbanded. The Emperor will rule and the Governors will keep their states in line. Fear will keep the local systems at bay, fear of this recession. The Stimulus is the ultimate power in the universe, I suggest we use it.
Bon Says:
February 19th, 2009 at 1:40 pm
Rick-Our Hero! America all the way!
barb Says:
February 19th, 2009 at 1:55 pm
Where can we register for the 2009 Tea Party?
Mr. Bob Says:
February 19th, 2009 at 2:12 pm
Now that 52% of voting age people are non tax payers. the republican party is doomed. thanks to by friend George giving the dems a great negative to vote against they have figured out that with a demarcate in charge the evil working class and the rich can be milked of all that extra money they don’t deserve to have and it can be given to “the now the majority” non working class. because like smoking and drinking and eating junk food working hard and getting rich will be taxed to the max to support the dems and there voters the dreamers and the never off the dole people. It should now say on the statue of liberty Give use your criminals your deadbeats and your lazy. It’s a free ride nation. thanks Mr. Bob
TXBREWER Says:
February 19th, 2009 at 2:14 pm
I am sick of people complaining about the downtrodden poor. This is America. Go make something of yourself. People died to get here and keep us free and we are giving all that away for the sake of some sense of financial security. What a tradgedy. I would rather be free and live in the woods than live under the thumb of the oppressive, intrusive government we are getting under B. Hussein Obama. You sheep that voted for him are the first to be tarred and feathered.
Noreen Says:
February 19th, 2009 at 2:21 pm
Rick, I like the way you think AND TALK!!! It is SO refreshing to hear someone talking the truth about what is happening in this country. There are a lot of economists that do NOT agree with Obama……and a lot of people too, including ME!!! Keep up the good work!!! Thank you for making my day!!!
Texas Pete Says:
February 19th, 2009 at 2:30 pm
Rick Santelli for President!

Throw the other bums out!

Pass the Earl Grey!
Steve from Atlanta Says:
February 19th, 2009 at 2:34 pm
You go Rick! Entitlement fever in America needs to be stopped. People who have made mistakes, as well as deadbeats, need to take their medicine and not be bailed-out by the rest of us. Rick, keep on charging!!!
Patricia Says:
February 19th, 2009 at 2:44 pm
Thank you Mr. Santelli, someone who understands the utter frustration of the silent majority, the government made this mess, why do we have to get them out of it, since the government can’t live within it’s budget, maybe we should stop sending them a good portion of ours!!!
GivemeLiberty Says:
February 19th, 2009 at 2:48 pm
Holy Mother of God!!!! Finally!!!!…..someone calls out the insanity in this bailout bill. Oh, yeah, like I want my family and my grandkids paying for these schmucks who knew dam well they couldn’t afford the mortgage loan, but had to keep up with the Joneses. You made your beds, now lie in it.
Can anyone say “personal responsibility”?? Oh, yeah, Obama,
I lost 30% of my retirement fund already. Are you going to bail me out when I have no retirement funds left?
When is the tea party? Count me in. Rick Santelli for President!!!!
Kimberly from WA Says:
February 19th, 2009 at 2:50 pm
The real losers are the banks, insurance companies, brokers, etc., etc., that caused this f**king mess. Santelli is no doubt one who made money on the run-up to the depression, and led the way to speculation that caused $5/ gal. gasoline. He’s as guilty as all of the rest. Sit down Rick, STFU!
Pat from CA Says:
February 19th, 2009 at 3:04 pm
Thank you Rick Santelli! There is no one in the media that is speaking out for the average American that is paying their bills and their taxes. Our government rewards deception, dishonesty and back-patting. Either Tom McClintock or Rick Santelli for President!
Texas Pete Says:
February 19th, 2009 at 3:23 pm
Poor deluded Kimberly. We can tell you’re a crazed lib from your nasty little potty mouth.

Sure, Santelli probably made good money in years past. He’s smart, not some idiot liberal with an entitlement mindset. That doesn’t mean he can’t stand up and say what’s on his mind, and on the minds of lots of other Americans these days.

Remember Kimmy: “Dissent is the highest form of patriotism” Copyright 2003, Democrat Party.

Now go take your meds.
Heather C. Says:
February 19th, 2009 at 3:53 pm
I think I’m in love! Wow, a real man with a real brain!!!
Rick Santelli rox!
phil from n.c. Says:
February 19th, 2009 at 3:54 pm
all i got to say is fantastic oratory..rick thinks quick on is feet with traditional moral courage and spirit that is encouraging to others..”tea party” has been on my mind for months, maybe this country needs a real political party and simply call it the tea party with rick santelli at the head..i’m for it..get an email and website!!!! let’s go..it is past time for a united groundswell movement..all of santelli’s challengers turned into milktoast..i love it..
NewJerseyTodd Says:
February 19th, 2009 at 4:07 pm
Texas Pete is a idiot! You are from Texas, shut up! I am shocked that anyone Texas would say anything considering that your cowardly little scumbag of a former Governor George Worst Bush caused this entire mess. Remember Petey: “Dissent is the highest form of patriotism”, but you should also remember that part of having a dissenting voice is only a positive if you have a moral or intellectual problem with what is happen. When the Democrats were against the Iraq war they were the voice of dissent, and they were right both morally and intellectually. Most Republicans have no morals (especially those on Wall St.), so they can’t be against for that reason. Since, Ditoheads don’t think they cannot be against this for intellectual reasons, therefore the Right is against this plain because, in the words of Rush himself, “I want him to fail”. Now, Texas Pete, I know that what I said maybe too complex for your feeble mind to comprehend, so I will try to make it simpler for you. When we (Democrats) opposed the war or any of Bush’s other stupid ideas, we did that because we honestly felt that they were a bad move for the country. Now, you and fellow idiot Republicans are against this plain, because you know it will work and you also know that if Obama’s plain works, the Republicans will be out in the wilderness for 40 years like they were after the new deal. You people aren’t against Obama for reasons concerning patriotism, you are against Obama because you are concerned with saving your own skin politically, that is not patriotism, it is putting your party before your country and that is unpatriotic.
Sylvia Says:
February 19th, 2009 at 4:33 pm
When is the Tea Party? I’m there!!!

Rick, thank you for telling it like it really is!!
NewJerseyTodd Says:
February 19th, 2009 at 4:33 pm
Oh Texas Pete, liberals are idiots? NOT! Remember the liberal areas of this country are the Northeast, the Great Lakes States and the West Coast. The Conservative areas are the South and the Midwest. If you cannot figure out just by looking at the regions that Conservatives come from, that they are stupid, then there is no hope for you. F#*% Texas and F#*% George W. Bush!
Rebecca from MA Says:
February 19th, 2009 at 4:36 pm
Amen Mr. Santelli!!! At last someone who is not afraid to say out loud what those of us who live within our means and pay our martgages are thinking! Of course, there are the exceptions, such as the people that were living within their income but have lost their jobs. I have a hard time pitying those who bought homes or other items and then couldn’t afford to pay for them. If you can’t afford it, you don’t buy it!
John Says:
February 19th, 2009 at 5:00 pm
Santelli has ranted against bush plans and obama plans. This is not his first rant (look em up on youtube). Anyone who is still playing democrats vs repubs is seriously missing the bigger picture here. We cannot continue to socialize losses and privatize gains and expect to prosper as a nation. Goes for banks and individuals. We will end up with a system where only the closest to the government tit will prosper, but the whole system will gradually decline. The idea that power should be centralized and wealth should be distributed through Washington is completely repugnant to the ideals of our nation’s founders.
Ann Says:
February 19th, 2009 at 5:01 pm
Hats off to you Rick! I’m writing from one of the most corrupt states in the Nation – Illinois. You can count me in and I’ll bring loads of friends to your Chicago Tea Party!

Let the revolution begin and let it begin with those of us that believe in working, contributing to our communities, and KEEPING GOVERNMENT OUT OF OUR LIVES!

I had more hope after September 11 than I did after February 13th!
Midwesterner Says:
February 19th, 2009 at 5:12 pm
Dear NewJerseyTodd,

WWII saved FDR’s presidency, not ridiculous over spending (which he tried). The U.S. was on its way into a recession within the depression and the wartime economy kept us from sinking.

I am from the midwest and have ideological disagreements with Obama, does that make me an idiot?

I also find it offensive and daft to call George W. Bush a conservative, so if you could … please refrain from doing so.

Thanks.
Janet J. Says:
February 19th, 2009 at 5:16 pm
It is awesome to see that the fires are being lit under the people that have stood quiet as this stimulus pork/package is being rammed down our throats. Mr. Santelli spoke with a voice of so many of us. He just happened to have the way to get it on the air! Hoo-rah! The moment I heard this, I felt re-energized. I have been wanting to yell out the same thing. My family hears it at home, but the word needs to spread like a wildfire that we are tired of the hurrying of this stimulus, and the loss of our freedoms with it. I have always taught my kids like I was taught. That means that nothing comes for free…freedom has a price. That with hard work you can do anything in this country but you cannot do it sitting on your butts waiting for the handout. We need to fight for our children’s future people. How can they be optomistic of their future when they have these problems ahead? Stay firm like Mr. Santelli and tell the truth always. And Texas Pete…don’t feel troubled by words of someone that does not see the big picture.
T Petersen Says:
February 19th, 2009 at 6:28 pm
Obama’s socialist housing program rewards bad behavior and punishes honest hard working people. We need to put some adults in Washington. We agree with Rick Santelli! We support his Chicago Tea Party!

RICK SANTELLI FOR PRESIDENT
Burton Says:
February 19th, 2009 at 7:22 pm
Thank you to those who have enough pride to work for there keep and the honor to suck it up and ask for help from friends family church and community when needed . for those who feel the government is the sollution , SHAME ON YOU
praveen sasi Says:
February 19th, 2009 at 7:47 pm
I support Chicago Tea party, DO NOT PUNISH FOR PAYING BILLS. It is not the American way.
Rita Says:
February 19th, 2009 at 8:46 pm
Finally someone said it, “The Emperor has no Clothes” No more kidding ourselves. Lets get the Tea Party going now!
Ned Says:
February 19th, 2009 at 8:55 pm
Rick Santelli 2012
NewJerseyTodd Says:
February 19th, 2009 at 9:01 pm
Midwesterner,

If you look at the unemployment, GDP, and government spending as a percentage of GDP numbers, you will see that we were slipping into a recession while during the depression. You also may notice that government spending as a percentage of GDP went down and unemployment went up; this means the recession you speak of is meaningless, it was created when FDR started doing what the Republicans wanted him to do, which was cut spending as a percentage of GDP.

Conservatives get their ideology from two schools of talking points, Rush Limbaugh and Sean Hanninty. They want President Obama to fail and if he fails, we all will be in worse shape as a country! So, if you have true ideological differences with Obama that is fine. But if all you want to do is be an obstructionist and put party over country, like Rush Limbaugh and Sean Hanninty then, you are an idiot!

George W. Bush is most certainly a Conservative! And what is most offensive is you trying to tell me that he isn’t. Bush cut taxes for the rich, cut social programs for the poor and favored big business over the little guy. George Bush increased defense spending and borrowed money at an alarming rate to do. He was against abortion, gays, and minorities. Please, HOW IS HE NOT A CONSERVATIVE?!
tim Says:
February 19th, 2009 at 9:09 pm
if only we the people that are paying for all of this were the majority this would not be happening. we the paying people lost our freedom when people were given a vote that dont pay taxes then they can vote themselves our hard earned money.what will they do when we run out of money to take?
Greg K Says:
February 19th, 2009 at 9:19 pm
Rick
Thank you for standing up for responsible people.
Let the revolution begin!
S. Urynowicz Says:
February 19th, 2009 at 9:29 pm
I agree 100% with Santelli. Those financial institutions and real property purchasers that made bad decisions should suffer the consequences alone. No entity, government or otherwise, is justified in forcing others to compensate for their greed and/or stupidity. Let the revolution begin; Santelli for president.
L Says:
February 19th, 2009 at 9:30 pm
Where do I sign up?! Still working 2 jobs to pay my bills.
S. Urynowicz Says:
February 19th, 2009 at 9:45 pm
I agree 100% with Santelli. Those institutions and real property purchasers that made bad financial decisions should suffer the consequences alone. No entity, government or otherwise, is justified in forcing others to compensate them for their unwise decisions. Let the revolution begin; Santelli for president.
Kurt from MA Says:
February 19th, 2009 at 9:48 pm
Right on Rick! Thanks for voicing what so many of us feel so strongly about.
I’m all in for the Chicago Tea Party.
NewJerseyClaud Says:
February 19th, 2009 at 9:53 pm
NewJerseyTodd–

First of all, if liberal New Jersey is such a paradise, then why the heck are people banging down the doors to get out of here? There was a story just a few months ago that HALF of the people in this state want to get out of it. And why? Because liberalism turned this state that has so much potential into an absolute mess. And now the same dim bulbs who screwed up this state are moving to Virginia and North Carolina with the same dumb ideas that ruined us here.

You wanna hold this state up as some kind of model for the rest of the US, I can happily post pictures of Camden and Newark and Trenton that would go a long way to demolishing that argument.

And watch your mouth…it doesn’t help your argument.
Joe Joe Says:
February 19th, 2009 at 10:23 pm
I totally agree. What are we teaching our kids? Hey kids get a house that is way to expensive. Don’t pay your bills and you will be bailed out free and clear.

Each mortgage should be reviewed in an individual basis based on circumstance versus the one-size fits all, cookie cutter method that the government is doing.

I would love not to pay my bills but hey… I have morals and want to teach my kids what is realistic….
PC Nestor Says:
February 19th, 2009 at 10:36 pm
Thank you Mr. Santelli for saying it like it is. We don’t want to bail out anyone who made a bad decision or any company that is unsuccessful. Responsible people and companies will end up footing the bill for decades. Obama said it to Joe the Plumber, “spread the wealth” why should we be surprised this is the course he is taking. It’s only been 30 days and already I don’t recognize my country.

God Bless you Rick Santelli, see you at the Tea Party!
Michael Says:
February 19th, 2009 at 10:40 pm
Rick is right on. Why should we bail out irresponsible “homeowners?” Is it a sin to rent. For crying out loud… foreclosure does not mean the end of the world. Renting is a viable option that doesn’t force the prudent to throw good hard earned money at folks that bit off more than they can chew!
TMan Says:
February 19th, 2009 at 10:44 pm
Was he as outraged about taxpayers bailing out the guys on that trading floor he was broadcasting from? Did those traders join in the chorus? Serious question…I don’t follow these guys (my job doesn’t allow me to watch TV during the day).

If not, I wonder why folks would rebel against the guy next door vs. “help thy neighbor”. Isn’t it the decision makers in the financial industry that created this problem? As far as I know, my neighbors did create this problem. At the very least, they were in cahoots. So if the bankers grabbed at their chance to the money, then they should shut up when the other part of the problem grabs theirs.
truthseeker Says:
February 19th, 2009 at 11:05 pm
You know the Obots know just one thing “if you can’t dazzle them with your brillance just baffle them with your BS. So you change the subject. You don’t talk about what is really going on. Or better yet, you kill it. So is CNBC going to have the Fairness Doctrine slapped on it too? Or will you get Santelli fired by Chris “I have a tingling feeling in my leg” Mattahews? You idiots know Santelli is right, your just mad because he’s MSM and he knows more than you do. CNBC did a poll and 85% of the people voting thought he had it right. So what caused this recession? The Community Reinvestment Act? Who got this bill passed originally? Ahhhhhhh!!! A DEMOCRAT. And just not any Democrat, but the Peanut Farmer from Georgia, Jimmy Carter. He caused this mess. He forced banks to loan. (Don’t get me wrong I am sure there are some deserving people who trully benefitted from this plan and did the right thing) then Bill “I love Monica Lewinsky” Clinton reauthorized the bill in 1999. How did they cause this? By creating a “moral hazard” and a bunch “free rider’s.” That what democrats love, “champagne tastes on a beer budget.” So everyone figured they would not have to pay and get away with it. Now they have defaulted (on these mortgages). Now they (OBots) want us to pay again. Where in the Constitution pray tell does it say you are owed a house? Rick Santelli represents us all and since Obots know nothing about the Stock Market let me let you in on a little secret. The market always is right. I think this stimulus plan will fail which also means we will be in depression. If that happens where will you OBOTS be? Where will I be able to get my pound of flesh? You cowards will be hiding saying I never voted for Obama. Shame on you, you pathetic liars!
Cat Says:
February 19th, 2009 at 11:12 pm
Rick ROCKS!!! Speaking out loud what millions are mumbling – The revolution is starting!!
truthseeker Says:
February 19th, 2009 at 11:23 pm
To New Jersey Todd:

How pathetic you are. You must have the IQ of a knat. How dare you even lump Republicans into one large group. Don’t you dare awfulize George W. Bush. You must watch a lot of youtube or have no memory. Maybe you inhaled for Bill Clinton. I guess I will have to give you a history lesson. You democratic ilk, forgot what William Jefferson Clinton did. He was a real coward. If he, Sandy Burger, William Christopher, Madeline Albright had done their jobs, 9-11 and Iraq never would have happened. But the cowards allowed al-Quida to attack the World Trade Center, the US Embassey in Nigeria, and the USS Cole. But to be fair to you Todd, the reason I do not like the plan is IT WILL NOT WORK. Hebert Hoover and FDR both tried Fiscal Spending and don’t forget my democratic friend so did George W did too twice. Everytime it has been tried by Republicans or Democrats it doesn’t work. On top of that if you need more proof Todd, Japan tried it in the 1990’s. You know what the Japanese call this decade Todd? The lost decade. So Todd before you yell fire in crowded room and run away like a little girl get facts right.
Rick Santelli’s Chicago Tea Party « Bob’s Bites Says:
February 19th, 2009 at 11:50 pm
[...] H/T Below The Beltway [...]
MacDouglas Says:
February 20th, 2009 at 12:02 am
First, all of those on the left who are raving about those evil banks and mortgage companies need to step back and look at history. This all started with the Community Reinvestment Act of ‘77 (Carter) and was bolstered by strong lobbying by ACORN in ‘95 (attorney for ACORN? Barack Obama.) The CRA rates banks according to how and where they lend and if their ratings are low they can be fined and penalized. In ‘95 they were basically ordered to make risky loans to uncreditworthy borrowers, overturning several centuries of sound financial practices all in the name of racial equality. Let me see, if the banks are racist because they only loan to creditworty people, then aren’t you saying that minorities are not creditworty? Isn’t that kind of racist?
Pelosi saying that the Democrats have no responsibility for the current crisis and that it was caused by deregulation of banking is absurd. The crisis was caused by liberals who believe that their social agenda trumps common sense and that no decision is wrong if you can claim that it was “progressive”.
And by the way NewJerseyIdiots, we conservatives (and Southerners) are dissenting because we believe that allowing people to fail is how you teach them to succeed. Try going to Vegas, lay down 100 bucks on black, and see if the casino gives you your money back when it comes up red. I’ve read the constitution and nowhere in it are you guaranteed the right to succeed.
And finally, Bush 43 was born in Connecticut, Bush 41 was born in Massachusetts and Clinton was born in Arkansas so…..
Pete Palumbo Says:
February 20th, 2009 at 12:13 am
Santelli can rant and rave, but I know good people that have lost jobs and cannot keep up. They need to refinance, but their home has dropped in value.

Some people ignorantly took out too much equity, but the banks how no trouble giving them the money.

I have lost half of my retirement money on Wall Street, the only ones that made money were the fat cat scum.

Santelli, have your own tea party..and I WILL NOT WATCH CNBC AGAIN.
Lb on the cb Says:
February 20th, 2009 at 1:00 am
Barney’s Frank + Dodd are the cause of this mess- its now just another excuse to transfer $$ from those who produce to those who dont…
l fraser Says:
February 20th, 2009 at 2:34 am
I’m reminded of a childhood story of the kings new clothes,
..where everyone believed in the illusions that the king
was projecting……till one individual stood and spoke
the truth…Right on Rick!
All In Says:
February 20th, 2009 at 6:13 am
It’s a pile on. Just finished making up the Palin-Santelli campaign 2012 signs. The campaign motto “Keeping the US Solvent, not Socialist”

Count me and my 201K in!
Bob Bill Says:
February 20th, 2009 at 7:34 am
I’m astounded at your hipocracy. We throw money to corporations and banks and why aren’t you ranting and raving about that. I’ve been working hard paying taxes for the past 25 years. Ober the past 2 years I’ve been faced with stage 4 Salivary duct carcinoma. We are down to a single income. We are a family of 3, been paying our mortgage for the past 10 years but with the expenses due to a single income, things are really tough. We’ve exhausted savings due to wall street greed. You need to show a bit more compassion, and put your shoe on the other foot on occasion. I believe what comes around goes around. Frank Santelli, get ready, it’s coming your way.

Bob Bill
An American that believes we can rebuild after what the Bush Administration has put us through over the past 8 years.
Kathy Jones Says:
February 20th, 2009 at 8:19 am
Rick needs to shut up. He didn’t have any problem giving my hard earned money to men with private jets and 5 homes who ran the banks and car industry into the ground. I’d much rather my money bail out a homeowner than a CEO any day.
Also a tip to Rick – it’s obvious you don’t have the facts straight because you talk louder so no one else can point out your stupidity.
Doug Mataconis Says:
February 20th, 2009 at 8:31 am
Kathy,

You’re wrong. Santelli was speaking out against the bank bailout back in September and October.
Bob Bill Says:
February 20th, 2009 at 8:34 am
You all didn’t rant and rave when the “Decider lead us into a war on Lies. What is that going to cost our future generation.
Also great foriegn relations move. I said it in the beginning, it’s like a little kid sturring up a hornets nest. Get Bin Laden quick and send a message to those who dare to read on us.

Those right winger who say “Let the revolution begin”
Your a big problem to the solution, plus your way out numbered.
think about it. Fool
Doug Mataconis Says:
February 20th, 2009 at 8:44 am
Bob,

Actually, I did.
Trevor Says:
February 20th, 2009 at 8:44 am
Kathy. Google Rick Santelli, there is enough out there to prove his integrity. He’s been rallying against this socialist crap all along.

It’s funny how one quick quote about having freedom goes viral.
Glenn Says:
February 20th, 2009 at 8:55 am
Go Rick!

We need to help out the people who deserve help, not the ones that bought a house they could NEVER really afford.

Santelli for President because we could use a real one!
Jo Says:
February 20th, 2009 at 9:12 am
Rick Santelli nailed it. Our founding fathers had a very clear vision of our country and we are now on a slippery slope. Those of you who think it is governments job to take care of us should read about the Constitution.
It is OUR job to take care of our fellow citizens NOT government.
There are plenty of us out here who want no parts of this socialistic agenda and fear the consequences.
Wake up the rest of you. Read The Federalist Papers. Study Marx. Think for heavens sake. This is not the situation where you do what feels right. In the end, this behavior “solution” will help no one except those in power who will cement their authority to rule.
Does Venezuela ring a bell?
Concerned American Says:
February 20th, 2009 at 9:40 am
Concerned America,

As for neighbors paying and helping pay their mortgages, isn’t that what the stimulus package was created for?

The reason we are in the situation that we are in right now is because of the Republicans! Our former president, congress and about 90% of the rest of the government from small towns to the top [Bush] plus big business are responsible. If our government hadn’t started an illegal war with Iraq the oil crisis would never had happened, jobs would never had been lost, forclosures would be low and so on.

We were in Afghanistan to capture Bin La din for war crimes, but our government decided to invade Iraq due to misleading info given by bogus info. This caused unrest in the middle east and oil prices sky rocketed. Then our loan sharking lending institutions raised the interest rates to the point where home owners had no choice but to declare bankruptcy.

Bush, congress and the rest of them should have been charged with war crimes for what they did. They stabbed the American people in the back again, but instead of a knife as usual, they used a chain saw.

Don’t get me wrong, the republicans started this but the democrats and all the other parties are just as responsible. Why? Because it doesn’t matter what party runs the government, they are all responsible for were we are right now.

The housing problem needs the government to spend money to help save the American home owner, but what about the future?

That is an easy one.

1: Cap the interest rates across the board at .08% so the people will always be able to afford their payments and insure this never happens again. Put a freeze on all lending institutiions to stop the stealing of government [The American Peoples Money] bonuses and only allow the release of monies to pay operating costs and wages only.
2: Make the lending industries pay back the money they stole from the American people with their golden umbrellas and million dollar bonuses. If I had done this, I would have been charged with a felony and thrown in prison. Make it illegal for our law makers to make laws where committing felonies are legal for the chosen few!
3: Take away the power of big business to charge whatever prices they want for good, products, and services. Make these costs the same nation wide including wages!
4: Stop developers from raping the American people by destroying our country building their mass housing tracts against the wishes of the people. Case in point: King County Washington.
5: Stop telling other countries how they should live when we can’t even take care of our own! In other words, don’t tell someone how to clean up their back yards when we can’t clean up our own back yard! An example: Clyde Prestowitz B.S.
6: Use our military forces to rebuild our county instead of destroying other countries.
7: Tell our President to stop putting crooks into positions of power! Example: Timothy Geithner, cheats on his taxes, says it was an honest mistake and then is put in charge of our nations money. Come on! Get Real! Is it going to be just another honest mistake when he totally bankrupts our country!?
8: Clean out our government of all money grubbing, greedy, back stabbing, selfish, self serving, self riotous, selfish, lying CARPET BAGGERS!

We not only need to fix the problem, we need recognize the problem and make sure it never happens again. We are always fixing the problem but never but never fixing the cause of the problem. If you do tomorrow what you do today, you will always get the same results! ITS TIME FOR A REAL CHANGE!
************************************************************************
My question is: Why is corporate America allowed to receive government, state and county grants?

These grants should only be issued to the American people to help them realize the American Dream. But corporate America has given money to our government officials to pass laws and regulations that make it impossible for the average American to receive these grants.

All you have to do is look at all the red tape that a person has to go through to receive a grant.

The solution to this problem is to deny grants to corporate America unless they can prove with financial statements that they actually need the grants to survive!

Make it easier for the American people to apply and receive grants for starting businesses, buying homes, rent, food, etc… as these programs are supposed to be aimed to help the American people, not put billions of U.S. Tax Dollars in the pockets corporate America.

There’s billions of dollars given to corporate America that can help pay down the national debt. Isn’t it time to take away their power?
Bob Bill Says:
February 20th, 2009 at 9:48 am
Face it. Everyone needs to roll up their sleeves on this one.
Bush had his eight years and look at where is “I’m the Decider” ideala got us. The lasted election we voted for change. Obama is working his ass off to bring it. I know the 20% who still believe Bush did a good job will remain a thorn in this redirection of this country’s ability to become once again the true leaders of the free world (Not the elite’s version, and the want to be’s.)
butchie65 Says:
February 20th, 2009 at 9:59 am
This guy was on The Today Show this morning.He’s a bully that thinks he is right and everyone else is wrong. He’s ticked he isn’t getting the money he use to get. He can’t even talk and have a normal conversation. The guy was ranting and raving against the other guy that was trying to explain why he was wrong in so much of what he said. I hope the guy looses his house and knows what the common people are going through. Do people also realize that a lot of these people loosing their houses are soldiers that fought this war for us. They come home and can’t find jobs or are disabled from the war. I’ll help my fellow Americans, but, Santelli can,”go to hell !”
maggie Reality check Says:
February 20th, 2009 at 10:00 am
An example of the rich get richer and the poor get poorer!!!! He probably has more money than he knows what to do with and most of his calls came from the R’S!!!!! Stupidity breeds supidity and it sounds like he has alot of that!!!!
Jersey Todd Says:
February 20th, 2009 at 10:01 am
I am not “NewJersey Todd” – but he’s 100% right…
American 2008 Says:
February 20th, 2009 at 10:03 am
There are consequences for being foolish? Why are all the CEO’s who lied and cheated and made so many “foolish” mistakes at Bank of America, AIG, Chase and several Investment firms not fired? Why are they still getting millions in perks after they destroyed their companies? I notice people like you avoid being negative about Corporate Greed and stupid ity, but jump on the little guy every chance you get.
American 2008 Says:
February 20th, 2009 at 10:06 am
Here is this idiot standing on the floor of the EXCHANGE complaining about everyday people getting help.

How ironic is that? In the very place where the bulk of the blame may lie for our economic meltdown, he slams common folk. (Wall Street, Banks, corporate welfare, taxes cuts for the rich after starting 2 wars and just plain old ineptitude) Bush mismanagement and greed run amuck.

This guy is a JOKE.
Rick' the Man Says:
February 20th, 2009 at 10:21 am
Way to go Rick! He says it like it is and makes good sense to me. Bush Didn’t do such a bad job!
Hope Lives Says:
February 20th, 2009 at 10:44 am
Anybody who screams anything at a TV right now should be ignored. We need serious men and women addressing serious problems. We do not need screamers posturing on the floor of an exchange…

You may make a name for yourself, but is this the way a competent person presents themselves? I don’t think so. If you want me to listen make a logical, intelligent argument. Do it with the gravity this nation needs and deserves right now.
MacDouglas Says:
February 20th, 2009 at 10:47 am
Wow, when did they pass a law against success? Where in the Constitution are you guaranteed freedom from failure? This is not pee-wee soccer; there is no trophy for participation. We learn Darwinism in school that teaches us that not everyone is equal and then in government class we’re told that everyone is equal “under the law.” It’s nice to think that everyone can succeed if only given a chance but the reality is that some people will never thrive no matter how much help you give them. Is it fair or just to keep giving these people valuable resources that would be much better used for the greater good elsewhere? I understand that some people have hit hard times through no fault of their own but we can’t help them without helping the lazy and stupid.
It’s like Churchill said: “The inherrent vice of capitalism is the unequal sharing of blessings; the inherrent vice of socialism is the equal sharing of miseries.”
Doug Mataconis Says:
February 20th, 2009 at 10:47 am
These are frustrating times, a little screaming never hurt anybody.
John Says:
February 20th, 2009 at 10:53 am
Rick is in CHICAGO not wall street. The traders in Chicago make trades that clear every night. Make a wrong move and you have to pay up that night. They are completely different than the wall street guys that were selling things they never expected to pay. The Chicago traders were way out in front of this whole thing. That is why we had an inverted yield curve way back in the spring of 2008. Get a clue, traders didn’t cause this thing. Bankers did (including our great leaders at the fed)
Ditti Says:
February 20th, 2009 at 11:11 am
For Those who followed the “Decider”

I’m as disgusted about having to pay for YOUR w@r as you are about the mortgage readjustment. Talk about irresponsibility! Where’s the outrage???

We voted for change last I heard…Obama is actually trying to do something responsible as a leader. Some sacrifices have to be made. Parents losing their sons and daughter in a war we were led in by lies is nothing compared to taxes you may pay for these homeowners fallen on hard time. (I’m not talking about folks manipulating the system.

The plan basically helps those:

trying save resident home-owners” first mortgages (not seconds, not HELOCs) who tried to do the right thing

NOT saving speculators or flippers

Many homeowners:

paid down payments and have made their payments

have traditional fixed-rate mortgages

are now unemployed

were fooled in the fine print

lost most of their other investments, including retirement

are losing still more competing with bank sales at half price

Many more homeowners:

will lose more value in their homes and find their mortgages under-water

are now unemployed

will lose most of their other investments, including retirement

will find that if they sell, they are competing with bank sales at half price

The real problem with this bill is that it subsidizes banks to get them to do the right thing, therefore rewarding them AGAIN, as Paulson did, for the wrong behavior.
So why not help the american people directly?
Doug Mataconis Says:
February 20th, 2009 at 11:20 am
So Ditti, the fact that George Bush wasted money in Iraq means that Barack Obama is entitled to waste money bailing out irresponsible lenders and homeowners, shielding the auto companies and auto unions from the consequences of their decisions, and giving billions of dollars we don’t have to politically favored groups while calling it “stimulus” ?

Sorry, but I’m not following the logic there.
Ditti Says:
February 20th, 2009 at 11:33 am
Obama is not lying about the economic mess.
He’s come up with a plan, though not to the satisfaction of all. The GOP (McCain had nothing)
We voted for change, not the same trickle down economics that put the middle class in this situation today.

The taxes that we will face for helping out homeowners is nothing compared to the billions of dollars and 186,770 lives lost (4,563 American fathers, mother, sons, daughters) in war we should not be in. This was Bush’s war, He flat out lied to congress to get us there.

Does that seem reasonable?
Doug Mataconis Says:
February 20th, 2009 at 11:36 am
Ditti,

Get beyond your obsession with a war that is over and get this through your head.

We don’t have the money to do half of what Obama has proposed.

He’s going to bankrupt our children and grandchildren.

Unless, of course, you can tell me how he plans to pay down a $ 14 trillion national debt.

And, for the record, I opposed the occupation of Iraq and pretty much every economic policy George Bush implemented — which, if you paid attention, had absolutely nothing to do with free market economics.
tfr Says:
February 20th, 2009 at 12:01 pm
Good Lord Doug, what have you started here?
Doug Mataconis Says:
February 20th, 2009 at 12:11 pm
The BtB Tea Party
Ditti Says:
February 20th, 2009 at 12:24 pm
We were in a surplus before bush.
8 years of Bush basically created this. Now the mess has to be cleaned up
What would you suggest.
Not only does America nead a resolution, I beliex=ve the world is counting on some think other than that of do nothing, who is minding the store Idiot that was actually (barely) put in office in 84. Go figure on the 80 election. Boy, we got screwed on that one…maybe we would still be in a surplus.

Obama didn’t cause this, he’s working hard to resolve it with 21th centery logic
Scott Says:
February 20th, 2009 at 12:26 pm
Rick Santelli is the new American Patriot!
Bobbill Says:
February 20th, 2009 at 12:49 pm
Doug,

The War is over?
Please enlighten me on this one!
Paul Says:
February 20th, 2009 at 1:19 pm
Rick, I’ve lived within my means. Lead us into battle. I’m right behind ya !! I’m tired of paying for the slackers. Whats my incentive to work hard. I can go to Europe and be rewarded there for being mediocre. I’ve bought stocks high, and had their value go down. Do I get help there ?? Well, you get my point. God help us all.
Bobbill Says:
February 20th, 2009 at 1:43 pm
We’re all in this sacrifice, we’ve been there before and got through it on a similar ideals, yet we didn’t become a communist nation that seen to be blurted in the direction of the new leadership, or anyone whom believe there is hope.

There are real sacrifices to question, to “rant” about.
Why did my love one die in a war on one mans whim.

And your bitching, “Were is my share” Oh, were going to have to pay taxes. Well, point your ranting to the ones who caused it. Sent us to War and lowers taxes. come on!

Put your wants to the side for a while, some of you folks a really selfish.

god help you
Bobbill Says:
February 20th, 2009 at 1:48 pm
Doug,

That last reply was not directed at you.
Just venting on this overall and some comments I’ve seen.

Someday, I’m hopeful, we will meet in the middle.
David Wilson Says:
February 20th, 2009 at 1:50 pm
First off Ditti, I would take Reagan over Obama any day. Secondly, “doing nothing” is more “change” than the status quo of engineering our own disaster and then proceeding to use it as a tool to pass egregious legislation that in turn does nothing to mitigate said disaster but in turn cause further disaster and economic woe down the road.

Lastly, to do something is to have both quantity and quality, that is, magnitude and direction. I am of the opinion that Obama’s “change” is in the opposite direction we need to go. Oh yes, and to blame everything on Bush is a little short sighted and over simplistic, don’t ya think?
Ditti Says:
February 20th, 2009 at 2:04 pm
For starters:
Going to war and lowering taxes.

Hmmm

Now I’m not an scholar on economics, but this doesn’t sound logical. But I’m sure you have a brilliant rebuttal as to why this was a sound tactic by the “Decider”
Sherry & David Johnson Says:
February 20th, 2009 at 2:07 pm
Rick….You said what a lot of us out here are feeling! I’m tired of hearing that these homeowners that are going to be helped are those “who through no fault of their own” are facing the prospect of defaulting on their mortgages because of the housing “bubble”. Their payments haven’t changed due to this bubble…..only their equity and ability to refinance. If they bought a house above their means with the prospect of being able to reduce their payments once their equity accumualated, they were taking a business risk and lost. This WAS within their control….they made a bad decision and a big risk in buying that house. Why is this any difference than those of us that have lost in our 401Ks, the stock market, in our small businesses, etc. because of this recession. Is the government bailing us out….a big NO. I could understand helping those people that have lost their jobs due to this recession….they TRULY have had things happen through no fault of their own. If the plan had been to help THESE people by lowering their payments temporarily, I think the taxpayers could have felt a lot more compassion. Making us pay for someone to stay in a house they couldn’t afford and never should have bought, while so many of us taxpayers are struggling to make our own mortgages is outrageous! Thanks for being our voice!
Doug Mataconis Says:
February 20th, 2009 at 2:08 pm
Ditti,

For one thing, you need to check your history books. The Bush tax cuts were in place two years before the Iraq War started.

So, you know, your comment makes no sense.

Second, when are you going to get beyond your Bush-hatred and tell me how Obama is going to pay for all his grand plans because we don’t have the money.
Doug Mataconis Says:
February 20th, 2009 at 2:09 pm
The Iraq War is over. Read the papers
Ditti Says:
February 20th, 2009 at 2:11 pm
David,
btw, the disaster was already created
I assume you don’t believe the “New Deal” worked.
We’re simply having to pick up the pieces…
To do nothing, come on.
Ditti Says:
February 20th, 2009 at 2:14 pm
The War is over?

All the troops are home, we’re no longer spending 10 billion a month. Who is going to be responsible for rebuilding and at what cost. Be realistic about that.
Doug Mataconis Says:
February 20th, 2009 at 2:32 pm
Actually, Ditti, you might want to go back to those history books I talked about.

Look at the numbers.

The New Deal didn’t work.

Unemployment barely improved.

Growth didn’t improve at all.

Not until a little event called World War II.

All that money FDR spent didn’t do anything.
Doug Mataconis Says:
February 20th, 2009 at 2:33 pm
Ditti,

The troops are coming home. They’ll all be home by September of next year at the earliest, pursuant to the last agreement with the elected Iraqi Government.

Now, can you stop obsessing over yesterday’s news ?
MacDouglas Says:
February 20th, 2009 at 2:58 pm
The problem started waaaaaaaay before Iraq but apparantly none of you can see past your hatred of Bush.

There were people losing their homes before this…but I guess they didn’t matter until it became politically necessary.

Doing nothing is better than doing the wrong thing.

Obama has increased the deficit more in one month than Bush has since the Iraq war started.
Doug Mataconis Says:
February 20th, 2009 at 3:01 pm
Doing nothing is better than doing the wrong thing.

That’s possibly the most concise way anyone has put it.

I agree completely.
Ditti Says:
February 20th, 2009 at 3:06 pm
I’m looking at what clinton had done.
Although is personal morals are weak, the country seem to run fairly well. But I guess you will argue it had nothing to do with him.

I believe O’bama will do well, I know there is always the opposition. God willing or good carma, America will come together again and lead the world as we once did.

Good luck with you

Ditti
Ditti Says:
February 20th, 2009 at 3:54 pm
Interesting article
http://www.cnn.com/2009/US/02/20/economy.history/index.html
Ryan F Says:
February 20th, 2009 at 5:08 pm
Right on Rick, These people who are losing their homes are the worse that America has to offer and we can’t keep propping them up forever. Pay your mortgage or hit the road deadbeats. If we keep rewarding failure and punishing success as Obama is doing we’ll never get out of this situation.
Pythium Says:
February 20th, 2009 at 6:46 pm
YOU ROCK RICK!!! There needs to be a place for us to voice our opinions. The Reps aren’t doing it right, and the Dems sure as heck are doing it right. So, I say TEA PARTY! THANKS RICK FOR SPEAKING OUT FOR US! I am paying taxes so that I can’t afford to buy a house. woo hoo!

To anyone that believes that GW Bush caused all this needs to do their research. Check out repealing of the glass act and Johnson’s approve of slicing up mortgages for resell. People really look foolish when they just spout B.S. with no facts to back them up.

Yeah, that’s right Rick Santelli is really upper class. That’s why he works long hours everyday…
Pythium Says:
February 20th, 2009 at 6:49 pm
Also, FDR didn’t save the economy with the New Deal. WWII saved the economy. The government spent tons of cash on tanks and planes. Tanks made with AMERICAN steel from AMERICAN factories, and the workers went home and bought AMERICAN products. Where is your blender made?
Rebel Yell! Says:
February 20th, 2009 at 7:21 pm
Rick Santelli is a true patriot and citizen!

Stand up America!

Stand for freedom and liberty!

Stand for capatilisim!

Stand for freedom of speech!

Stand for your children’s future!
Fed UP Says:
February 20th, 2009 at 9:03 pm
What doesn’t he rant against the bankers who are taking bonuses even as their companies are failing. what doesn’t he rant against the SEC which looked the other way as Madoff was destroying people’s lives. why doesn’t he rant against the horrible management that allowed this to happen so they could continue to reward themselves outrageously. let the bums walk so they are replaced by competent individuals. So the ‘little man’ is the cause!! How about we arrest all the crooks on Wall Street.
Benjamin Says:
February 20th, 2009 at 10:19 pm
When I think about ” Ricks Rave” I think of a vampire with no fresh blood to suck. Rick the Vampire and his side kick the Wolfman sat on tv and complained about Obama giving transfusions to all the dead corpses that “Rick and friends” created. The market grew a bunch of junk; harvested it and then repackaged it so that every bit of blood left could be consumed. Rick is only looking for fresh blood suck. It is obvious he would pull the plug on anyone who needed life support.
Mark Says:
February 21st, 2009 at 12:26 am
Thanks Rick. No more National-Socialism from the “new” washington.
Andrew Says:
February 21st, 2009 at 5:38 am
It’s interesting to see all these comments proclaiming Rick Santelli as a hero, and demonizing the homeowners that have gotten stuck with skyrocketing mortgages due Adjustable Rate Mortgates, or who’s homes are now “underwater”, because the quickly spiraling home values have decreased their property value by as much as 50% in some places. I’m pretty sure 95% of you that are complaining about this rescue plan do not even know exactly how these homeowners will be helped out by the plan, yet you feel that Santelli is absolutely right. For the record, I do not own a home, so I do not benefit from this rescue plan. However, I do realize that by letting the foreclosure problem continue, it will not only affect those of you with homes, since your own property’s value will also get dragged down, but it will also continue to drag down our whole economy. Without stabilizing the housing market, we will all lose in this, whether it be losing value on homes, losing our jobs, or losing our hard earned retirement money. We are all inter-connected in this, so quit with all the partisan B.S., and let’s work on cleaning this mess up!
John Says:
February 21st, 2009 at 5:46 am
Doug Mataconis – I’d hate to break this to you, but the government was the one that spent money on World War II. It was the reason the country got out of the Great Depression, because the war created the jobs and spending needed to get out of the Depression. So basically, World War II was one gigantic stimulus plan funded by the government.
Doug Mataconis Says:
February 21st, 2009 at 8:13 am
“The Government spent money on World War II”

Uh, no shit sherlock.

That’s not the point. The point is that FDR’s New Deal isn’t want ended the Great Depression.
Maryann Graff Says:
February 21st, 2009 at 8:24 am
Thank you Mr. Santelli, it was so refreshing to hear what I feel said in this kind of forum. My husband and I drive two 11 year old cars, live in a very modest home and always pay our bills. We are not college educated and do not have a high income, yet we always pay our bills. We would enjoy new cars and a nicer house, BUT can’t afford them, so we don’t buy them. We pay our bills and meet our responsibilites; no one is going to help us get the things we would enjoy having. Now I have the pleasure of knowing that all those decisions to be responsible for ourselves means I will now have the ‘privlidge’ of paying for everyone who just bought what they wanted. Please be sure to thank Obama for me when you have tea.
Pythium Says:
February 21st, 2009 at 12:35 pm
@ Benjamin You really think that Rick and his buddies caused this mess? I really doubt they are holding the millions of dollars that were traded. You really think they would be working of the floor if they held 4 million barrels of oil? They are just the fly attendents in a plane… Think about it.

@ Andrew You really think that this isn’t going to keep housing prices artifical high, so that when you go to purchase a house you won’t be able to afford it? The truth be known! I wanted to buy in 2005, but thought that the real value of houses were way too high for my income. If the market doesn’t go down to a normal level, they they will remain too high and investment tools for the wealth not homes. Most Americans who bought way before 2003, Americans who aren’t leveraged to the gills with home equity debt, and Americans who aren’t looking to move or flip aren’t that affected by forclosures. They purchased smartly! It is the skyrocketing property taxes that are the real problem, and lower house prices help them. Think about it before you begin typing.
Below The Beltway » Blog Archive » Rick Santelli Takes On The White House Says:
February 21st, 2009 at 3:47 pm
[...] President Obama’s Press Secretary made the odd choice of commenting on Rick Santelli’s now-famous rant: Gibbs attacked Santelli by name repeatedly, accusing him of not having read the president’s [...]
sue Says:
February 21st, 2009 at 4:35 pm
rick, shut up, you are just reacting to your own personal losses. you are such a ham. nice suit you wore on the day of you rant. come on, everyone wants a home even if they can’t afford one. lets lay blame where it should be laid, greedy bankers. i am sure you have lost a bundle as i have but, lets get this program going and see if it works. if it tanks you can go to work for the other side i don’t care. if you lose you can alway audition for a play on broadway, you are that good at emoting!!!!!!!!!! you are suppose to be a reporter (no bias) remember!!!!!!!! if you can’t remember that go to work for fox!!!
Doug Mataconis Says:
February 21st, 2009 at 4:36 pm
Sue,

He’s right.

There’s no reason the rest of us should be forced to bail out financially irresponsible homeowners and lenders.
Below The Beltway » Blog Archive » The Good, Bad, And Ugly Side Of Tax Protests Says:
February 22nd, 2009 at 11:58 am
[...] spontaneously propelled by Rick Santelli’s suggestion of a Chicago Tea Party, the idea of taxpayer protests against Obama Administration spending policies seems to be taking [...]
thereelstory Says:
February 23rd, 2009 at 12:35 am
dont you people know that these bailouts ALL of them are bandaids on a huge black hole. Ultimately the dollar will collapse and these bailouts ARE intended to at face value to appear as if they will help. Dont you people instinctively know that this is nothing more than a ruse? It is inevitable we will be experiencing hyper inflationn just right around the cornes. This is a sickening symptom of all of this fiat liquidity being pomped into the system. In the last appox four months the money supply has tripled what it was for like the last ninety years. While everyone runs around with a stunned look on their face these parasite crony bankers are buying up all tangible assets for pennys on the dollar, and we americans will be left holding the debt and piles of worthless paper called the dollar. So next time you need to use the restroom use a dollar, because if you wipe your ass with toilet paper you could have used cash instead and spent less.
thereelstory Says:
February 23rd, 2009 at 12:51 am
jesus people there is no such beast as partisian. this is a phony concept to keep all of yu quibbling over bs all of your lives. these politicians are all bought and paid for. if you keep worshiping the tv nightly praising corporate media for such in depth honest coverage of the so called news you people will chase your tail into oblivion. it is meant to be this way. please keep an opened mind and really look at the bigger picture. alternative media is exploding and other media is available to scrutinize. many americans are sick of hearing the same crap all the time about insignificant gossip and media distractions being used to pull the wool over our eyes. please consider research on infowars dot c o m. although i dont agree with everything alex says he offers compelling information. i seriously suggest taking the time to browse some of this information. GOD BLESS AMERICA
whyNOTobama Says:
February 28th, 2009 at 9:15 pm
Does ANYONE remember the ‘Luxury Tax’ that was imposed on the wealthy in the 70’s/80’s and how it backfired, and actually made things SOOOOO much worse? Many small businesses (ex. yacht builders) went out of business because the wealthy decided they weren’t going to subject themselves to paying even higher taxes for things they really didn’t need. Hmmm, it seems to me that the stock market tanking (EVER since nObama was nominated/elected/opens his idiotic mouth/exists/etc.) is a bit indicative of where our economy/country/philosophies that have served us well until nObama/Nancy Prancy Pelosi/Hardly Reid/Bonnie Frank/Xris Dodd/etc… and it’s only going to get WORSE until they pull their heads out of each others butts!!

This group of Democratic idiots, elected by uninformed/uneducated/self-interested/loser idiots are going to be in for a rude awakening when nObama et al continues to lower the definition of wealthy, so that eventually anyone who has a job, regardless of income, will be considered wealthy. I wonder how someone making an annual salary of $40K is going to feel when they have to give up 50% of their salary to support the ever growing freeloading society? They will realize what’s the point in working so hard to bring home $20K. That’s the mentality nObama et als is going to generate throughout this country and it’s going to be a cancer and eat us alive! Bon Appetite to all of you bottom feeding, low-life, scum of the earth, nObama suppporters. Remember the saying, “If it seems too good to be true, it probably is!”
Donnie R. Says:
March 16th, 2009 at 12:09 pm
So many people talk like they have all the answers. I’m beginning to think no one knows what the hell their talking about. Everyone is twirling in circles with no where to go! I’m tired of hearing about the economy. If you were just tuning in, you’d think the world were coming to an end. What we need is for someone to commit to a solution and follow through in the interest of the people no for political gain. Enough is enough!

Rick Santelli Leads A Revolt At The CBOT

117 Responses to “Rick Santelli Leads A Revolt At The CBOT”

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