Posted By RichC on November 22, 2011
Even if you’re not a CNBC watcher or someone who focuses on the financial markets each day, you may have heard of Rick Santelli and his rant in 2009 during the peak of the U.S. financial bailouts. I included the clip in a post which many believed may have spurred the Tea Party movement (some have called him the Paul Revere of our time). Anyway with Monday’s congressional super committee failure one would expect a little lightening coming from his reporting post in Chicago (video below).
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While the CBNC anchors and guest host Ken Langone discuss what could have been done by the “do-nothing” congress to move the country forward even if it were a “token.” Santelli chastises the idea of giving the “knuckleheads in DC” more money to spend … “no way” — and his point is well supported by the evidence that our government can’t live within its means (borrowing more than 40 cents of every dollar they spend — crazy).
Besides being frustrated with congress, I also blame President Obama as he did … and does … little in being a leader in order to forge an agreement that will create jobs or improve the economy. Instead his rhetoric divides and splits the country even further apart. To Langone’s credit, his token idea of raising taxes on the wealthy, not to solve anything (not enough money), but in order to negotiate the real cuts that are needed in order to deal with the deficit and growing debt.