Santelli's planted rant

[walenk]

Ultimately what is most interesting to me would be the reaction of the itulipers who thought this likely pimp was so great. Do you enjoy being so used?

http://www.ritholtz.com/blog/

[Slimprofits]

Re: Santelli's planted rant

Within hours of Santelli’s rant, a website called ChicagoTeaParty.com sprang to life

E-mailed this to Ritholtz because I don't have a wordpress account:

I'm surprised that the Playboy article didn't reference this website:

http://www.surgeusa.org/actions/tea_party.htm

"Thank you Rick Santelli"

I think Santelli's rant coincided with their google advertising campaign. On the night of Santelli's right, I searched on google for "Chicago Tea Party" and their ad showed up on the top of the first results page.

[Thailandnotes]

Re: Santelli's planted rant

http://www.itulip.com/forums/showthr...k+santelli+man

[WDCRob]

Re: Santelli's planted rant

Sapiens is sleeping on the job... a real live conspiracy and he missed it.

[Slimprofits]

Re: Santelli's planted rant

playboy.com takes the article down.

Santelli responds: http://www.cnbc.com/id/29471026

[Master Shake]

Re: Santelli's planted rant

Ultimately what is most interesting to me would be the reaction of the itulipers who thought this likely pimp was so great. Do you enjoy being so used?

http://www.ritholtz.com/blog/

Do you enjoy being wrong? It seems the allegations hold no water.

[Basil]

Re: Santelli's planted rant

This must be the best response to Santelli:

http://www.ritholtz.com/blog/2009/03...cnbc/#comments

[sunskyfan]

Re: Santelli's planted rant

I watch CNBC all the time. Santelli is constant. He has been correct, intellectually fair, and honest. There are shills on CNBC for Wall Street. Santelli is NOT one of them. He has been talking Moral Hazard on the Bailout BS since the beginning even referencing AMTRAK as how the government cannot extract itself once it is involved.

CNBC is a target rich environment for your ire but you miss the mark on Santelli.

[orion]

Re: Santelli's planted rant

Basil, I'd say its a response to CNBC which richly deserves the attack. But let's look at the tactics of the Daily Show, ridicule to marginalize. I am all for that if they do it across the board to all pompous asses. Why not ridicule the token gift to some poster child home owners when the administration and congress (not CNBC) are giving excessive amounts to failed banks and businesses?

[due_indigence]

Re: Santelli's planted rant

I like Santelli as a rule and agree he's the best of a bad lot. But I find it amusing how he cloaks himself in 'consumate capitalist' garb. He's a CBOE hamster on a wheel waking up to pursue greed every day, or at least I believe that was his prior life. His ethos IS THE PROBLEM. He builds NOTHING.

[Master Shake]

Re: Santelli's planted rant

His ethos IS THE PROBLEM. He builds NOTHING.

As opposed to government bureaucrats, re-distributionist politicians, "community organizers", and supercilious asshats like Jon Stewart who build what?

At least traders provide liquidity to the market and help it function more efficiently.

[Raz]

Re: Santelli's planted rant

As opposed to government bureaucrats, re-distributionist politicians, "community organizers", and supercilious asshats like Jon Stewart who build what?

At least traders provide liquidity to the market and help it function more efficiently.

Master Shake, you're a man after my own heart.
Thank you for expressing my exact thoughts !

[ax]

Re: Santelli's planted rant

I like Santelli as a rule and agree he's the best of a bad lot. But I find it amusing how he cloaks himself in 'consumate capitalist' garb. He's a CBOE hamster on a wheel waking up to pursue greed every day, or at least I believe that was his prior life. His ethos IS THE PROBLEM. He builds NOTHING.

At least Santelli blasted one of his coworkers on the revised GDP numbers today, up to only -5.7%. Kiernan spewed the mantra that jobless claims were a lagging indicator and Santelli said, "I don't care if they're prehistoric, no jobs means no spending and no home buying." (something like that)

[Slimprofits]

Re: Santelli's planted rant

Santelli has been blasting the obvious weak dollar policy quite a bit lately.

He calls it what it is - not good for the regular guy, the common man and rips the powers that be. There is always at least one idiot on the panel that chimes in on behalf of the Fed.

[ST]

Re: Santelli's planted rant

Santelli has been blasting the obvious weak dollar policy quite a bit lately.

He calls it what it is - not good for the regular guy, the common man and rips the powers that be. There is always at least one idiot on the panel that chimes in on behalf of the Fed.

Weak dollar not good for the common guy? Yes, true but its the only hope the common guy has left because the common guy has so much debt he can't service it, so his only hope is price & wage inflation together. Then it will be party time like the late 70s when everyone screwed their creditor and paid off their mortgage from 10 years earlier with cheap money. They were poorer but as long as that raise came in at 12% it didn't matter to him that inflation came in at 14%. It just seemed to feel good.

Stealthy... the trick of course is to bring on the wage inflation and the structural underpinnings of the US economy don't exist like they did then - therefore risk of balance of payments crisis when devaluing the dollar this go round.