Rick Santelli On Paul Krugman: “Never Heard Of Him”

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homeDARPAcontributorsnewsforumszh-tshirtstoredonaterssmanifesto Monday’s Markets – More Monetary Madness Posted by: ilene Post date: 11/01/2010 – 15:09 Someone has to lose but, in this case, the loser is the Federal Reserve Bank of the United States of America – who play the part of the perennial sucker as they are willing to sit down at the table and be taken for all they have two or three days a week. And why are they willing to be so generous? BECAUSE IT’S NOT THEIR MONEY! Military Strategists Have Known for 2,500 Years that Prolonged Wars Are Disastrous Posted by: George Washington Post date: 11/01/2010 – 14:03 Wise man say … Graham Summers’ Weekly Market Forecast (waiting on the Fed) Posted by: Phoenix Capital Research Post date: 11/01/2010 – 10:40 Remember, much of the market rally from early September has hinged on the belief that the Fed will announce a large QE 2 program this Wednesday. For months the Fed leaked information that this was likely to be the case. We also received forecasts from Wall Street (specifically Morgan Stanley and Goldman Sachs) stating that QE 2 ranging from $1-4 trillion was coming in November. Navigation PollsDonate To Zero HedgeRecent posts Shopping cart View your shopping cart. User login Username: * Password: * Create new accountRequest new password Zero Hedge Reads Angry BearBearish NewsBoom Bust BlogChina Financial MarketsChris Martenson’s BlogContrary InvestorCoyote BlogCredit WritedownsDaily CapitalistDaneric’s Elliott WavesDealBookDealbreakerDr. Housing BubbleFalkenblogFibozachiFund My Mutal FundGains Pains & CapitalGlobal Economic AnalysisGonzalo LiraImplode-ExplodeInfectious GreedInvesting ContrarianJesse’s Café Américain Market FollyMax KeiserMinyanvilleMises InstituteNaked CapitalismOf Two MindsOilPrice.comPension PulseShanky’s TechBlogThe Daily CruxThe Mad Hedge Fund TraderThe Market TickerThe Technical TakeThe Underground InvestorWall St. Cheat SheetWashington’s BlogWealth.netWhen Genius Prevailed Home Rick Santelli On Paul Krugman: “Never Heard Of Him” Tyler Durden's picture Submitted by Tyler Durden on 11/01/2010 08:57 -0500

KrugmanPaul KrugmanRick Santelli

What can we say: Rick is one of the lucky ones. Of course, once we move beyond the sarcasm, here is what Rick Santelli says on the Krug’s solution (and cause) to all of life’s problems (that would be spend, spend, spend and then spend some more to the uninitiated): “How dare we take away their spending privileges, those chosen few with letters after their name who say the only problem with the medicine is that we didn’t give a big enough dose.” Luckily, Krugman already has set up the “Worst Economist In The World” column placeholder. We are just waiting for him to actually start discussing the most worthy candidate in the category….

Fast forward to 1:30 into the clip.

 

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by 66Sexy
on Mon, 11/01/2010 – 09:00
#690321

Rick Santelli — the father of the Tea Party

 

the rant heard ’round the world…

Login or register to post comments by THE DORK OF CORK
on Mon, 11/01/2010 – 09:47
#690504

I am not impressed – the guy is obviously a bullshit artist that is suffering from some form of attention deficit disorder due to all those red lights moving back and forth.

He is just surfing the wave – he needs to profoundly question the nature of all those switches , lights and knobs.

http://www.youtube.com/watch?v=nCl6RCGkPuo  

 

Login or register to post comments by Ckierst1
on Mon, 11/01/2010 – 10:41
#690643

Yeah, it was a good rant.  The only problem I have with your statement is that Santelli isn’t the father of the Tea Party, Ron Paul is:

 

http://www.ronpaulsteaparty.com/

 

Hey, just sayin’!  I don’t think it belongs to anybody now, except maybe the camo’d neocon zombies.  No, I don’t expect a hell of a lot of real reform (cuts into big government budgets, departments, bureaucracy, TBTF enabling, killing the Fed, etc) out of the election.  Maybe eventually, and I’ll keep the light on, but I doubt that most of the Tea Party crowd and its promoted candidates will do the things necessary to restore prosperity.  I don’t think they are there yet.  I hate to think what it will take to get them there (if ever).  For openers, most of them aren’t ready for Austrian School economics.  Maybe by 2012???  I can hope, can’t I?

Login or register to post comments by Eureka Springs
on Mon, 11/01/2010 – 11:40
#690857

It’s definitely owned in no small part by the billionaire Koch Brothers. And it’s not a third party. Just how many of these folk on the ballot have the word Republican by their name and how many actually say Tea Party?

 

The tea party is a great con, filled with hate and self loathing.It’s helping both criminal republicans and democrats hold onto power… just the “fear and loathing factor alone was worth it’s weight in tonnes of gold for big pharma and insurance last year. Now it’s banksters, MIC, and hedge funders who want to loot Social Security… with bipartisan support.

 

 

Login or register to post comments by lynnybee
on Mon, 11/01/2010 – 09:01
#690327

Oh, this does my heart good.  

Login or register to post comments by Careless Whisper
on Mon, 11/01/2010 – 09:05
#690340

the guy on the right has hilarious expressions

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 09:08
#690356

Why did rick say the Fed does not have to eliminated?  He IS NOT against ending the FED?  Why does he not get it?

Login or register to post comments by stoverny
on Mon, 11/01/2010 – 09:14
#690368

Santelli is a blowhard clown in the Cramer mold.  Interesting that he barely mentioned the outrageous Fed reckless policies which were designed to save the big banks, decimate savers, and eventually destroy the US dollar.  Hardly a word about the massive fraud that led to the greatest transfer of wealth to the financial elite in world history.

No, he didn’t rant until the government started talking about helping homeowners who were underwater.  I guess helping banksters get their bonuses back is OK, but helping homeowners calls for a revolution.

Typical CNBC shill, in a fake populist disguise.

Login or register to post comments by High Plains Drifter
on Mon, 11/01/2010 – 09:30
#690424

Well look who he works for. If he said what is really on his mind, he would be walking the streets of Chicago with a  job wanted sign.

Login or register to post comments by 66Sexy
on Mon, 11/01/2010 – 09:42
#690480

hell, they even gave him his own show for about a week there, until they pulled it.

tea party is actually a deviation away from what the original movement was: the truth/patriot movement.

these people do sound like morons, talking points surpisingly lead away from the basic pursuit of truth into republican agenda’s… why?

to keep the lid on a 9/11 investigation, of course. the truth movement had to be consumed into a republican, mainstream media approved movement, who would rather not discuss the government cover up of 9/11.

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 12:18
#690995

Wrong!  I am a Tea Party member, Latino, anti illegal immigrant, gun owning, LIBERTARIAN, bush hating ALEX JONES FAN!

Fuck the Republicans and the Democrat party!  So maybe you better rethink your stereotype amigo!

Death to the New World Order.  Now is that Tea Party enough for ya?

Login or register to post comments by Steve Evets
on Mon, 11/01/2010 – 10:03
#690538

What are you talking about, Santelli has been moaning about the bank bailouts since they were being designed. And I guess you’ve missed the various arguments he’s had with Fed shill Liesman over the years.

Login or register to post comments by homersimpson
on Mon, 11/01/2010 – 10:12
#690569

Your comment reminds me of those libbies who complain Obama is not treated fairly by the media..

Login or register to post comments by halvord
on Mon, 11/01/2010 – 15:36
#691567

Fair And Balanced, baby!

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 09:18
#690392

OK, but helping homeowners calls for a revolution.””  Helping Homeowners?  Borrow money from China to help gamblers who lost a bet?

Fuck them!

 

Dude pass that shit over here…….I need a few hits too.

Login or register to post comments by Jim B
on Mon, 11/01/2010 – 09:29
#690418

Said Perfectly!

Login or register to post comments by 66Sexy
on Mon, 11/01/2010 – 09:43
#690488

gonna be legal after i vote tomorrow. feds can blow me.

Login or register to post comments by stoverny
on Mon, 11/01/2010 – 09:57
#690527

did not say that bailing out underwater homeowners was a good idea, only that Santelli is a corporate shill like the rest of the blathering heads at CNBC.

He is representative of many in the tea party who think the entire financial collapse was the fault of irresponsible consumers buying houses they couldn’t afford.  His money quote was “How many people want to pay for your neighbor’s mortgages that has an extra bathroom and can’t pay their bills?”  Typical fake-populist bullshit.  Wall Street peddled fraudulent mortages for a decade and got insanely rich off the fraud.  But of course we all know the REAL villains… people who added a 2nd bathroom to their house and then got laid off.

 

Login or register to post comments by Steve Evets
on Mon, 11/01/2010 – 10:04
#690544

You clearly have only seen that ‘Rant heard around the world’ and nothing else.

Login or register to post comments by oldmanagain
on Mon, 11/01/2010 – 10:24
#690594

Excellent summary of the most overrated commentator since Kudlow.

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 09:20
#690394

Rick at the end of the day is still a believer in the FED  DEATH to THE FED!  CNBC is financial porn.

Login or register to post comments by oldmanagain
on Mon, 11/01/2010 – 09:24
#690403

Rick understands very little.  He is against what he doesn’t understand.

Login or register to post comments by Jesse
on Mon, 11/01/2010 – 09:29
#690420

 

Bread and circuses

Login or register to post comments by Insiderman
on Mon, 11/01/2010 – 09:30
#690426

Krugman holds a place for himself, after the demise of the Old Gray Lady.  HE is the worst economist in the world; an unapologetic Keynesian Hack unable to understand that one person’s saving IS, ultimately, another person’s consumption.

Login or register to post comments by Jim B
on Mon, 11/01/2010 – 09:32
#690436

Krugman is a tool, voodoo economics!

Login or register to post comments by williambanzai7
on Mon, 11/01/2010 – 10:26
#690604

And Santelli is a CNBC fool…tools for fools as they say

Login or register to post comments by High Plains Drifter
on Mon, 11/01/2010 – 09:33
#690443

Good grief. Art Laffer and Reaganomics vs. Paul Krugman and Keynesian socialism?  Oh that trickle down economics really worked well didn’t it?  This is nothing less than good cop, bad cop. Same old paradigm. Right vs. left. “Conservative vs. “Liberal”  blah blah, blah.

Login or register to post comments by linrom
on Mon, 11/01/2010 – 13:39
#691258

In his support for Bush’s tax cuts, Laffer claimed that US was on the verge of balanced budgets and thus could afford to cut taxes. Laffer and Kudlow also popularized the theory in 2007-2008 that US economy was in perfect state- a Goldilocks economy. Why would anyone listen to Laffer? Oh that’s right, he is also the force behind such economic nonsense as supply side and the Laffer Curve. 0-100!!!

Hey Santellibag, you want to ridicule an economic midget!

 

Login or register to post comments by crzyhun
on Mon, 11/01/2010 – 09:53
#690518

I’ll take Rick in my corner as a cut man any day of the week, month or year over Dearest Leader’s drones.

Login or register to post comments by streetman
on Mon, 11/01/2010 – 12:27
#691025

Amen

Login or register to post comments by ThaiKev
on Mon, 11/01/2010 – 10:04
#690542

POMO

2.489B

S/A= 7.45

Login or register to post comments by blindman
on Mon, 11/01/2010 – 10:18
#690574

qe2

stealing in broad daylight,  just do it in an orderly fashion;

in small doses, billions or hundreds of billions, and routinely.

oh well.  the first and only mandate of the fed …( they need more

authority in difficult ponzi end times. )    

what we need is an armed branch of the fed,  it should really have it’s

own shadow militia and stop billing the american taxpayer for using

theirs.  

.

the question is who is the rightful authority of the money system. 

either you believe there is a place for government or you don’t. 

if you believe there should be a government at all then that authority

must control the money system or become a slave.  the people then must control the

government or live as slaves.  anything else is tyranny. 

.

ps.  i hear bernanke is being advised by bernie madoff as we speak.  i say

let the man out and let him earn his redemption working at the fed where

he belongs. 

pps.  it is all just stealing and counterfeiting in broad daylight.

just wait until the authorities figure it out,  there will be hell to pay!

hehehehe 

ppss.  “no one speaks english and everything is broken.” t.w.

Login or register to post comments by sweet ebony diamond
on Mon, 11/01/2010 – 10:18
#690581

I have to consider my opinion of Krugman. I never read any of his stuff except a couple recent blogposts.

Login or register to post comments by krugmaniswrong
on Mon, 11/01/2010 – 10:37
#690625

Here’s all you need to know about Paul Krugman

http://www.krugmaniswrong.com

Login or register to post comments by The Beav
on Mon, 11/01/2010 – 11:05
#690726

Rick, what happened to ya?  You made your own kool aid and drank too much. 

Come Rick, talk about how 70% of foreclosures are on investors who used 125% leverage to buy and buy and buy properties then declare bankruptcy and walk away with only a little mark on their credit score, and not my neighbor (who is a really nice guy who works his ass off) for having an extra bathroom.

Login or register to post comments by Chart Skater
on Mon, 11/01/2010 – 11:16
#690764

Never heard of Paul Krugman?  How can a financial media commentator not hear of Paul Krugman?  Goes to show that Rick Santelli and other talking heads in CNBC are idiots.

Login or register to post comments by Arthur Vandelay
on Mon, 11/01/2010 – 12:12
#690974

are you serious? uhhhhmmm sarcasm

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 12:20
#691002

Sarcasm is lot on you huh?

Login or register to post comments by pachanguero
on Mon, 11/01/2010 – 12:21
#691004

Sarcasm is lost on you huh?

Login or register to post comments by bugs_
on Mon, 11/01/2010 – 12:30
#691036

Way to GO Rick, every day is sh-t on Paul Krugman day!

Login or register to post comments by blindman
on Mon, 11/01/2010 – 12:44
#691078

Thomas  Jefferson said in 1802:
‘I believe that 
banking institutions are more dangerous to 
our liberties than standing armies. 
If the American people ever allow 
private banks to control the issue of their 
currency, first by inflation, then by 
deflation, the banks and corporations that will 
grow up around the banks will deprive the people 
of all property – until their children 
wake-up homeless on the continent their fathers 
conquered.’

Login or register to post comments by linrom
on Mon, 11/01/2010 – 13:40
#691209

Who watches CNBC other than trading desks jockeys? Who is Rick Santelli, and who would even care who this dork is! Several years ago when I was still foolish and watched CNBS, I would wonder who was that fast-talking moron who hyperventilated and worked up himself just to spew some news what some trade pit monkeys were thinking.

Login or register to post comments by Clint Liquor
on Mon, 11/01/2010 – 15:57
#691619

Keynesian Economics is dead. It succumbed to a long term illness diagnosed as ‘Debt Saturation’. The corpse is starting to stink, but Krugman is still packing it around like Weekend at Bernies.

 

Login or register to post comments by deaglecat
on Mon, 11/01/2010 – 16:10
#691641

This clip descended into farce when the presenter was clearly confusing flagellation with fellatio.   Pure genius and prime time too.   

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