Thursday, February 19, 2009

Beginnings of Bailout Backlash?

If Obama et al keep up the stratospheric out-of-control spending of taxpayer money to bailout and reinforce the profligate behavior of a few at the expense of the many who were responsible and cautious, will we begin to see a serious backlash and some revolutionary behavior?

People are getting pissed.

Rick Santelli of CNBC righteously let loose on the subject.

NBC covered the story :

Here is the original clip, in full :


Brian Shields said...

Nice. About time people start saying it.

Anonymous said...

i have always liked rick. tells the truth.

Delaware Watch said...

Oh, Rick, is keeping his mouth shut about the Wall Street bailout, though, isn't he? Hypocrite.

G Rex said...

Um, what Wall Street bailout was that, Dana? The last time I checked, the only ones who got bailed out were Fannie, Freddie, and the mortgage lenders and hedge funds who peddled their crack for them. Wall Street is where all the damage is being done, and through them to us ordinary working investors. (See also: non-union/non-pension.)

Anonymous said...

Gibbs claims that derivative trader Santelli knows nothing about the foreclosure recovery plan, and has invited him for a debate once he has downloaded and read it.

I'm surprised you bit so easily, Steve - uncharacteristic of you!

Perry Hood

Anonymous said...

Sorry Steve, that was Tyler.

I question how much anyone has yet grasped about this plan. How about you, Tyler? So far I have only heard Obama's comments, and Santelli's, hardly enough to make an intelligent assessment.

Perry Hood