Rick Santelli Calls Fed, President, Congress Clueless as Traders Cheer
Kyle Becker | On 27, Dec 2012
The pressure is on the market as the fiscal cliff approaches, and notable ranter Rick Santelli let the government mismanagers have it as traders cheered him on.
“The Fed doesn’t have a clue, neither does the president, neither does Congress … Neither does Tim Geithner, who gives a speech about the debt ceiling. I’d like to see if he could count to a million, much less 16.4 trillion!” Santelli shouted.
The debate on CNBC recalled Mark Steyn’s dismantling of a caller as he guest-hosted for Rush, as conservatives are forced to debate with both spending-obsessed progressives and myopic ‘instant gratification’ vulture capitalists.
Fellow CNBC host Maria Bartiromo recently blasted Democrat Senator Ben Cardin for having no solutions to our fiscal problems except raising taxes on the richest. Whether this ratcheting up of criticism on the network is a calculated short-term move for higher ratings or a legitimate attempt at allowing heated debate during a precarious economic period, it is good to see CNBC anchors trying to hold politicians on both sides of the aisle accountable.
H/T Gateway Pundit