I heart Rick Santelli. For years, Mr. D and I have shared coffee, the newspaper and CNBC Squawk Box, each weekday morning. I, in particular, LERVE the Chicago Exchange guru, Rick Santelli and his faithful sidekick, The Wolfman. Santelli is of the Larry Kudlow vein and an unapologetic capitalist. He’s also had enough. Reminiscient of my recent “Mad as Hell” and “Tax Man Cometh” posts, Santelli’s impromptu rant a week or so ago was like a shot heard around the world. The Interwebs, and eventually the regular media, was abuzz with Santelli’s comments and how they seemed to encapsulate what ALOT of people, including me, feel. In case you missed it… I totally agree 100% with Rick Santelli. And furthermore, I am greatly offended by Mr. Obama’s criticism that ”our day of reckoning has arrived”. Is it just me or is he paraphrasing that our “chickens have come home to roost”? Let me be clear…most everyone I know has lived within their means and saved for the future. They didn’t go out and buy a home they KNEW they could not afford or cars they could not make the payments on or buy the latest gadget by “charging it”. But now, that diligence is being repaid by asking us to pay for the people who lived beyond their means. How is that fair? Evidently, Mr. Santelli’s rant struck a nerve with the “Administration” (and, I use the term loosely)…as Obama’s Press minon, Robert Gibbs dismissed the concern and anger that represents many of the feelings of REGULAR people out here in the real world. Does he just NOT get it? Gibbs’ idiocy Then, as if on cue, left-wing pundit, Chris Matthews invites Santelli on his “show” and promptly minimizes Santelli’s concerns by asking him who he voted for? What does that matter? What a shill. Santelli’s response Is this kind of crap not transparent to people? Do people really believe guys like Chris Matthews? Can’t “the media” be the least bit objective? Jeez, makes my blood boil. Mr. Santelli is a trader and market expert that has been in the business of analyzing markets for 30 years, but it was his sincere, impromptu outrage that gave him instant credibility. He tapped into exactly what ALOT of people out here are feeling, as was evidenced by the floor traders’ cheers. As for the mortgage “crisis” and for those who bought more than they could afford…NOTHING is going to help them. No matter how you re-structure their debt, they WILL NOT be able to afford the homes they are in. You can blame the Mortgage industry, but if you do, blame Fannie Mae and Freddie Mac and then follow that little trail to two Senior Congressmen….Barney Frank and Chris Dodd — two “architects” of the new, wonderful legislative initiatives we will all be victims of. America has survived and thrived via free markets. All of the proposed ”intervention” throws a cog in the wheel and can actually make the problems worse. As Mr. Santelli says, “let the markets correct themselves”. There will be winners and there will be losers, but our economic recovery will be substantially prolonged if the free markets are manipulated by governmental policy. The best solution is for our President to support the stock market to rescue our savings. Stop the class warfare and realize that a good Wall Street is a GREAT Main Street. The majority of workers today are involved in some kind of Wall Street investment. Most people have lost half of their life savings or more. Until you fix the markets, you will not fix consumer confidence and until you fix consumer confidence, everyone suffers. Mr. Obama has evidently declared war on the likes of Rick Santelli and others on ”The Street”. Even everyman, Jim Cramer, is now coming out with “Obama-proof” stock picks. Problem is, we have met the enemy and he is us. America needs a surging stock market to restore the savings of the majority of hard-working Americans who “pay the freight”. In his rant, Santelli suggested a Chicago Tea Party. As a symbol. Not so much to protest taxes, but to stand up and let those in charge know that we are here, we are watching and we want it fixed. That WE ARE NOT HAPPY and that we are going to get up and stand up to protect what we’ve worked our whole lives for. Notice that you are not hearing anything about the protest Tea Parties even though there are many planned. Just why is that? I invite you to “get up, stand up” and fight for your right. Let your voice be heard… Get Up, Stand Up, Bob Marley & The Wailers
VIVA LA REVOLUTION!!!
NOTE: If you are interested in participating in the Tea Parties across the country, visit this blog for how you can Get Up, Stand Up. <—-click here.