See also Rick Santelli Threw A Temper Tantrum About The Federal Deficit During A Segment With Kelly Evans

Category: UnGuru, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

16 Responses to “Rick Santelli’s First Insane Rant of 2013”

  1. Frilton Miedman says:

    Ooh, goody, another Santelli rant, I’ll have to play it when I run out of more important things to do.

    The only redeeming quality for any Santelli rant is listening to Steve Leisman’s level-headed responses.

    The trick is to have a cable DVR so you can rewind and decipher Steve’s replies as Santelli interrupts.

  2. rob840 says:

    Too much emotional absurdity on Santelli’s part. At least 50% of 16 trillion attributable to 2 wars on a credit card ,bush tax cuts etc . Shall we let the Tea Party bring us back into balance quickly for those few who can afford a fast adjustment to balanced bookkeeping prior to Bush. If so maybe we will bring on a revolution .

  3. TLH says:

    It would be nice that we got away from manipulated markets, both government and private.

  4. bmz says:

    How come we heard nothing from Santelli when ALL the components of today’s national debt were being created during the Bush administration. I wonder if he knows how to spell hypocrisy?

  5. tominwisc says:

    How bizarre. And this is supposed to be a mainstream business channel… will they now hire a raving left wing “analyst” to provide their own nonsense to balance the “discussion”? Before the financial crisis, I used to watch and listen to Santelli’s reporting on CNBC , but I just find him a waste of time now. Sad.

  6. MikeNY says:

    LOL, Frilton.

    But there is another redeeming aspect to a Santelli rant, in that he sucks all remaining oxygen away from the brain-dead Joe Kernan.

  7. gman says:

    Another manufactured hystery on par with the “WMD threat”,

  8. jbegan says:

    Love the comments above. Santelli’s drama queen moments are better suited to Univision Soap Operas, detract from CNBC and cheapen what is a mediocre channel anyway. He should learn to control his outbursts, or should be terminated. It was after one of his rants that I stopped watching CNBC altogether last year.

  9. ilsm says:

    Since 1992 when the Soviet Union dissolved the military industry complex went through over $10,000B (2013 dollars). In 2010 NATO reported the US spent 5.4% of GDP more than the 2% standard most of NATO does not achieve, while OMB said 2010 was 4.7% of GDP.

    See: http://www.washingtonpost.com/blogs/wonkblog/wp/2012/11/20/the-sequesters-defense-cuts-arent-that-scary-in-one-graph/ from TBP several weeks ago.

    What could have been done with $10T better than preparing to blow up goatherds and the quagmires in SW Asia?

    “Naturally, the common people don’t want war…but, after all it’s the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship…Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” – Herman Goering at Nuremberg trial in 1946

  10. Joe_in_Indiana says:

    in·sane [in-seyn]
    adjective
    1.
    not sane; not of sound mind; mentally deranged.
    2.
    of, pertaining to, or characteristic of a person who is mentally deranged: insane actions; an insane asylum.
    3.
    utterly senseless: an insane plan.

    Are you saying he is not of sound mind or mentally deranged?

    Then you must ask yourself if you will go and get a court order to have him mentally evaluated and, if found to be “insane” , commit him.

  11. Frilton Miedman says:

    OK, finally watched it..as predicted, it was Rick whining over other people attempting to speak at normal volume.

    And, of course, Steve Leisman sums Ricks ignorance in one sentence at the end – “Rick, personal finance isn’t government finance.”

    This is the main problem with Rick, the Tea Party and Austrian economics, they assume an economy is no different than a corporate balance sheet.

    A corporation can fire employee’s to cut costs, the ex-employee simply goes to another corporation.

    An economy can’t do this, the “employee” (citizen) has nowhere else to go, every single citizen is either an asset or a liability – there is NO escaping this.

    I.E. – While China invests in college education for qualified students, we bilk our kids, swamp them in debt and send them off to compete against Chinese college grads that work at a fraction our wages without the tuition or healthcare costs we have.

    As long as the “Santelli’s” out there continue getting air-time – We’re screwed, because the solutions are all “Socialism”.

  12. denim says:

    CNBC blurb on the clip:
    “Santelli: ‘This Whole Discussion Is Childish!’
    Fri 04 Jan 13 | 08:35 AM ET
    Rick Santelli strongly objects when Kelly Evans quotes a strategist calling the Republicans “lunatics” for threatening to push the U.S. into a “technical default” by failing to raise the U.S. debt ceiling.”
    I am impressed by Kelly Evans keeping cool during the rant.

    But let me go back to try and understand why the debt ceiling law exists. Congress has an estimate of the income it will receive into the Treasury based upon projected GDP and the tax rates and code. It is only an estimate, but they will have a clue when they will run out of that Treasury cash based upon their spending. They have a clue as to how much of the spending will be needed to charge, that is, borrow on the “credit card.” The debt ceiling law puts a hard stop on spending when the credit card balance limit is reached. Why? One knew ahead of time that the credit card would be needed because revenue was inadequate. In a household, one would get a higher paying job to adequately support one’s familyneeds. Greedy Republicans are not that class of persons. They would put their family on cat food.

  13. mikjames says:

    Santelli is classic. The other talking heads make him so as they are the money for nuthin crew who lead folks to believe money makes money – automatically – if you are smart – like them.

    To believe anything regarding what these folks regurgitate regarding markets is INSANITY. Has anyone of these talkiing heads ever worked side by side an illegal immigrant picking potatoes for a season? Has any of them even spoke to how they get to be in the position they are on behalf of folks who do real work.

    Money for nuthin for all you gotdamnednaggerslaves to your stash.

    Is there a reason you sound so pompous? You are not afraid are you? Don’t be scared that the price you paid is not the price you will sell. You know COST and have the ability to pay for it – right?

    The moment these asshats speak directly to COST will be a time to really listen.

  14. mikjames says:

    Santelli is dead on.

    Any idea that justifies the insanity of unlimited money for government TOTALLY IGNORES be very back bone of how these crybabies get to have their bread and and be the circus.

    If it is not all too clear that the only thing close to a real man is Rick then you totally deserve what you have coming.

    To believe running your personal finances HAS TO BE DONE DIFFERENTLY than government finances….

    forgive me. I forget I am speaking to asshats whom know nuthin of moral hazard as they still pay insurance even though the insurance companies don’t do right by their job and are back stopped by TBTF policies that will always go on forever and ever.

    UDAMAN RICK!

  15. orvil tootenbacher says:

    If there are any adults that manage CNBC, please fire this self-absorbed, pedantic moron off TV? Even if his has a legitimate point, which is questionable, his childish tantrums don’t are an embarrassment to the fellow contributors and anyone else near him.

    He would be a prefect guest host for Glenn Beck. What a solipsistic tool.

  16. Frilton Miedman says:

    mikjames Says:
    January 6th, 2013 at 9:12 am
    “…. the money for nuthin crew who lead folks to believe money makes money – automatically – if you are smart – like them. ”

    ~~
    My above statement aside, regarding the economically illiterate nature of assuming an economy is like a corporate balance sheet -
    The Fed makes “money for nuthin’, either by encouraging lending for growth with low rates, or, when necessary, by printing/devaluing currency to increase velocity when Money supply stagnates. (A symptom of Neo-Con fiscal policy)

    My guess is that you’re unfamiliar with the concept of M-supply or velocity, but taking your “lessons” from the angry likes of Santelli or Bill O, it sounds like you’re angry you lost your job packing potato’s, and Santelli has given you something to target.

    The problem there, Santelli only understands economics as a floor trader, Steve Leisman is an economist, Santelli is just much louder and drowns out those who understand Santelli’s idiocy.

    Santelli’s an idiot that should do more listening, less histrionic whining on national TV, he only serves to incite anger and hostility for semi-literate types like yourself who need hatred to mask fear.