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Thursday, February 19, 2009

CNBC's Rick Santelli Hammers Obama on Subsidizing "Losers' Mortgages" - Video 2/19/09


This is just amazing! Rick Santelli of CNBC on the floor of the Chicago Board of Trade this morning absolutely calls out President Barack Obama on his plan to essentially make taxpayers pay for people who took out bad mortgages. Santelli says:

'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard.'
He even suggests what we may need is another "Boston Tea Party!"

3 comments:

BrianinMO February 19, 2009 at 4:07 PM  

FROM THE EDITOR:
I'm going to post below the comment from a person who called himself/herself "Socialist Jew." I deleted it because it contained profanity we won't allow to be used here, but I want to post most of the comment because it reveals the total intolerance of the radical Left in America when confronted by someone like Rick Santelli who tells the bald-faced truth. Notice the threat of "jail" for those who dare to speak out against the socialist policies of Barack Obama. Here is the comment:

"Did he refer to the Wall Street companies that got bailed out as losers?

Makes me pretty sick to see someone calling for sedition and trying to hide behind the memory of the patriots who carried out the Boston Tea Party.

Santelli - go live in Dubai. Or Saudi Arabia. They're all about money and lawlessness there. Go. You hate the vast majority of Americans, and buddy boy, they're gonna hate you after they see your disgusting rant against American democracy.

All of you creeps who stood by without protest for 8 years of Bush, but are now calling for revolt after one month of Obama: YOUR TIME IS DONE. THE AMERICAN PEOPLE HAVE HAD ENOUGH OF YOU AND IF YOU WANT TO STAY OUT OF JAIL YOU BETTER START THINKING OF YOUR FELLOW CITIZEN AND NOT YOURSELF.

Seriously, get the ____ out."

BrianinMO February 19, 2009 at 4:14 PM  

Socialist,
It is clear that Rick Santelli was simply giving voice to the frustration of millions of Americans who have never been late on a payment of any kind, including their mortgage. More than 93% of Americans are having no problem with their mortgage payment because they thought clearly about whether they could afford the house BEFORE they bought it.

Santelli confronts the Obama Administration for imposing a model that promotes "bad behavior" among citizens, conveying the idea that there are no consequences to bad decisions - except for Americans who have to foot the bill even though they are making their own mortgage payments.

You far-left ideologues are feeling your oats right now. But know that millions of Americans are watching what is happening and are quietly uneasy about the move to Socialism we are witnessing. The fortunes of the Democrats can turn very quickly if Americans decide the path we are now on is going to ensure that America's best days are behind us.

Santelli was not promoting sedition, he was simply telling the truth. Of course, it seems some of you on the left believe telling the truth - if it disagrees with Obama, Nancy Pelosi, and Harry Reid - is sedition. Well, it's not. And there are plenty of Rick Santellis who will not be silent.

Anonymous,  February 22, 2009 at 5:20 PM  

MANY OF THE FAILED MORTGAGES WERE TAKEN OUT BY INVESTORS TRYING TO "FLIP" HOUSES. THEY BOUGHT UP MORE HOUSES THAN THEY COULD AFFORD AND NOW WANT ANYONE THEY CAN GET
TO BAIL THEM OUT. THEY DON'T CARE IF OTHERS SUFFER SO LONG AS IT GETS THEM OUT OF THEIR SELF IMPOSED BIND. SOME OF THE FAILED MORTGAGES WERE MADE EVEN THOUGH THE BORROW WAS ADVISED THEY COULDN'T AFFORD THE PAYMENTS. AS A TAXPAYER, I SAY LET THEM DIG THEMSELVES OUT OF THE HOLES THEY PUT THEMSELVES INTO. OR, GO BACK TO THE TRADITIONAL WAY OF FAMILIES HELPING THEIR OWN. YOU WILL FIND THAT EVEN FAMILY MEMBERS DON'T WANT TO PAY FOR THE MISTAKES OF THEIR OWN KIN.

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