Rick this is 2011, You’ve tried to recreate that 09 rant so many times without any success.

Please, stop embarassing yourself.

I always find crazy less than persuasive.

Staged theater by Rick. I support the position that the debt ceiling is unconstitutional and can be ignored by the White House.

I had to turn it off halfway through.

If I wanted to listen to obnoxious yelling I would call my ex-wife.

BFD said:
I had to turn it off halfway through. If I wanted to listen to obnoxious yelling I would call my ex-wife.

I gotta give this a thumbs up!

Just the thought of BFD having an obnoxious ex-wife puts a smile on my face.

Is she seeing anyone new? Because I already like her.

Thanks, Rick!

You originally started the TEA PARTY and Beck formed it!

Keep it up!

I’m thinking Mark Joyella must have given Mediaite’s most dependable ‘liberals’ a heads up on this article.
The Democrats really function exactly like drug addicts. They will lie & deceive to get what they mislabel as a “reasonable compromise”, but the minute they get it, they’ll be off to the liquor store for a bottle of their cheapest wine.
They won’t educate themselves …
They won’t restrain themselves …
They won’t stifle their lying mouths …
They won’t think past the next election …
They think they win in 2 ways. Either increasing govenment until government is all we have, or
just spending until the country “blows up” and then starting over with ‘all government’.
If either of these happens, we’ll all be screwed. Europe is proving this now.

Fokker News said:
Staged theater by Rick. I support the position that the debt ceiling is unconstitutional and can be ignored by the White House.

just because one guy, pretty much, floated this awhile back, doesn’t make it so…
(admittedly right-leaning) law blog Volokh Conspiracy re-caps the online back-and-forth on this

Rick Santelli is a one hit wonder. Stop grandstanding dork.

Arkansas Steve said:
I’m thinking Mark Joyella must have given Mediaite’s most dependable ‘liberals’ a heads up on this article.
The Democrats really function exactly like drug addicts. They will lie & deceive to get what they mislabel as a “reasonable compromise”, but the minute they get it, they’ll be off to the liquor store for a bottle of their cheapest wine.
They won’t educate themselves …
They won’t restrain themselves …
They won’t stifle their lying mouths …
They won’t think past the next election …
They think they win in 2 ways. Either increasing govenment until government is all we have, or
just spending until the country “blows up” and then starting over with ‘all government’.
If either of these happens, we’ll all be screwed. Europe is proving this now.

Compelling argument if any of it were true… I suppose you needed to emote publicly.

Arkansas Steve said:
I’m thinking Mark Joyella must have given Mediaite’s most dependable ‘liberals’ a heads up on this article.
The Democrats really function exactly like drug addicts. They will lie & deceive to get what they mislabel as a “reasonable compromise”, but the minute they get it, they’ll be off to the liquor store for a bottle of their cheapest wine.
They won’t educate themselves …
They won’t restrain themselves …
They won’t stifle their lying mouths …
They won’t think past the next election …
They think they win in 2 ways. Either increasing govenment until government is all we have, or
just spending until the country “blows up” and then starting over with ‘all government’.
If either of these happens, we’ll all be screwed. Europe is proving this now.

Wow! Project much?

I guess we can’t on your help to overcome the massive Republican deficits we’re facing! I’ve been thinking that of many Republicans for forty years, but my sense of comity forces me to simply say that we’d all appreciate it if Republicans would quit destroying the economy every chance they get and then blaming Democrats for it.

Maybe somebody can help me find a Santelli rant video for any of the SEVEN times George W. Bush raised the debt ceiling.

Links anybody?

Plus, I would love to see Rick Santelli stand in front of a platoon of Marines off their second tour of war and tell them…”sorry, no pay for you because, big oil needs subsidies and I’m rich and want to keep my damn tax cut.”
Wave your arms and shout in their faces.

It’d be a You Tube moment for sure.

–Cobra

Here is President Obama’s brief statement to the press today on this subject, if you’re interested.
http://www.youtube.com/watch?v=bycPAylCiBc

Cobra said:
Maybe somebody can help me find a Santelli rant video for any of the SEVEN times George W. Bush raised the debt ceiling. Links anybody? Plus, I would love to see Rick Santelli stand in front of a platoon of Marines off their second tour of war and tell them…”sorry, no pay for you because, big oil needs subsidies and I’m rich and want to keep my damn tax cut.”Wave your arms and shout in their faces. It’d be a You Tube moment for sure. –Cobra

Umm you do know the miltary pay has nothing to do with raising the debt ceiling don’t you? Ahh you must, because I’m sure you’re one of those Liberals who thinks they are intelligent and that dumb statement you just made was for srcastic purposes.

Jim R said:
Wow! Project much? I guess we can’t on your help to overcome the massive Republican deficits we’re facing! I’ve been thinking that of many Republicans for forty years, but my sense of comity forces me to simply say that we’d all appreciate it if Republicans would quit destroying the economy every chance they get and then blaming Democrats for it.

Obama spent 3 Trillion Dollars keeping public unions funded for two years, with no plan beyond that; and at the same time, just poured money into Wall Street banks at 0% interest – which they promptly invested in foreign banks at 5% return!

Clinton gutted Glass-Steagal, which incentivized Wall Street greedmongers to re-direct capital from investment in the economy, to myriad trading machinations – including derivitives.

The GOP does bear some culpability in creating the cesspool of corruption that is Washington, but they don’t hold a candle to the self-serving dishonesty, deception and ineptitude of Democratic governance over the past 20 years!

Cobra said:
Maybe somebody can help me find a Santelli rant video for any of the SEVEN times George W. Bush raised the debt ceiling. Links anybody? Plus, I would love to see Rick Santelli stand in front of a platoon of Marines off their second tour of war and tell them…”sorry, no pay for you because, big oil needs subsidies and I’m rich and want to keep my damn tax cut.”Wave your arms and shout in their faces. It’d be a You Tube moment for sure. –Cobra

Couldn’t find a Santelli link, but here’s one from BARACK OBAMA IN 2006:

http://www.nationalreview.com/corner/256288/senator-barack-obama-explaining-his-2006-vote-against-raising-debt-limit-andrew-c-mcca

So was he full of sh*t then or is he full of sh*t now?

Cobra? Paging Cobra….

NORBIT Jr. said:
Obama spent 3 Trillion Dollars keeping public unions funded for two years, with no plan beyond that; and at the same time, just poured money into Wall Street banks at 0% interest – which they promptly invested in foreign banks at 5% return!

Clinton gutted Glass-Steagal, which incentivized Wall Street greedmongers to re-direct capital from investment in the economy, to myriad trading machinations – including derivitives.

The GOP does bear some culpability in creating the cesspool of corruption that is Washington, but they don’t hold a candle to the self-serving dishonesty, deception and ineptitude of Democratic governance over the past 20 years!

I must agree on Clinton gutting needed protections and triangulating on an array of issues we wasn’t nearly liberal enough on for my tastes, but the statistics don’t bear out your contention that Democrats have been worse than Republicans – as a matter of fact they show the exact opposite. Clinton was the best Republican President of the last forty years, but he’s trying to gloss that over now.

The question is, why do people continue believing in opposite world where tax cuts increase revenue and create jobs and Obama’s projected 10% responsibility for the deficits projected for the next decade is much worse than Reagan tripling the national debt and Bush II doubling it?

Something else is at work here, like the utter rejection of conservative policies that have failed American every single time they’re tried by, requiring the daily screeching that Republican policies ALWAYS work and Democrats always fail – welcome to Republican opposite world.

Here’s a radical thought: What if the 2 sides actually negotiated in good faith without demands and with everything on the table and reached a genuine compromise that served the American people?

I realize this is exactly what neither party wants to happen since it would force them to govern instead of campaign. And I realize that this refusal to negotiate honestly and fairly by both of the tired, corrupt parties is what landed us here.

As far as who is at fault, who cares anymore? Everyone spends so much time blaming the other side and exonerating their own, that the truth is now irrelevant. But here is that truth – both sides are equally culpable. Both. No matter which party has been in power for the last 35 years, it is the same story. Satisfy the lobbyists and big contributors. Party first, people second. Game instead of governance. Both sides. The only thing they do with consistency and in a bipartisan manner is screw the people over. Both sides.

Jim R said:
Something else is at work here, like the utter rejection of conservative policies that have failed American every single time they’re tried by, requiring the daily screeching that Republican policies ALWAYS work and Democrats always fail – welcome to Republican opposite world.

Share with us just 10 Liberal policies over the past 40 years that worked out as originally claimed. OK, maybe I’m asking too much for a single Liberal policy every 4 years to be right, so let’s just make it 5. Let’s hear about 5 Liberal policies since 1971 that have worked as claimed. 5………….

Let me say it AGAIN for those hard of hearing!

We are in a DEPRESSION! A depression is defined as 4 straight quarters of declining GDP.

2010- GDP Declared GDP growth was 2.6%
2010- Federal Deficit spending was 9.6% of GDP
2010- Effective GDP growth was a NEGATIVE 7%

Hmmmmm, hey Krugman, are you a moron?

By the way folks, who is going to pay back that 5 Trillion that Pelosi, Reid and Obama gave to their cronies? I am not, are you?

macombman said:
Umm you do know the miltary pay has nothing to do with raising the debt ceiling don’t you? Ahh you must, because I’m sure you’re one of those Liberals who thinks they are intelligent and that dumb statement you just made was for srcastic purposes.

Now, which one of these fantasies do you want to hang your hat on?
Do you believe there’s a “SEPARATE” budget for the military?
Do you believe that the military does not consist of federal employees paid by the United States government?

“Here’s what Americans can look forward to if lawmakers fail to raise the debt ceiling in time: Treasury would not be able to pay between 40% and 45% of the 80 million payments it needs to make every month.

That’s the estimate from a new analysis by the Bipartisan Policy Center, a think tank in Washington founded by four former Democratic and Republican Senate majority leaders….

….A delay in raising the debt ceiling could affect Social Security checks, food stamps, federal worker and military paychecks, government contractor bills and payments to Medicare and Medicaid providers.

“Handling all payments for important and popular programs (e.g., Social Security, Medicare, Medicaid, defense, active duty pay) will quickly become impossible,” the report’s authors noted.”

http://money.cnn.com/2011/06/28/news/economy/debt_ceiling_fallout_bpc/index.htm

If you don’t like CNN/Money…take it from FoxBusiness:

“Our problem right now is that the United States is only a few billion dollars from reaching its $14.294 trillion debt limit, and our elected officials aren’t ready pick the simplest choice, the one that past Congresses have made. This time: There’s debate. Should they raise the debt ceiling in order to borrow more money? Or do they hold the line and start either defaulting on our debts or stop paying for other government outlays — military and civil service salaries, for example? Do they cut federal spending, and if so, to which programs? Or do they raise taxes?”

Read more: http://www.foxbusiness.com/personal-finance/2011/06/06/how-debt-ceiling-issue-will-hit-ordinary-americans-in-wallet/#ixzz1RSwXTCe0

NORBIT Jr. said:
Clinton gutted Glass-Steagal, which incentivized Wall Street greedmongers to re-direct capital from investment in the economy, to myriad trading machinations – including derivitives.

Clinton signed a bill that was called The GRAMM-LEACH-BLILEY ACT–and that was a part of the bill. Everytime you try to blame Clinton as though it was an executive order you expose yourself.

One of the reasons Clinton didn’t VETO this bill is because language was put into it forbidding racist bankers from REDLINING minority loan applicants.

“Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act and address certain privacy concerns; the conference committee then finished its work by the beginning of November.[9][13] On November 4, the final bill resolving the differences was passed by the Senate 90-8,[14][15] and by the House 362-57.[16][17] The legislation was signed into law by President Clinton on November 12, 1999.[18]”

http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act

Perhaps, Norbit, you can get away with this stuff on Redstate or Stormfront. You won’t on Mediaite where people actually challenge conservative talking points.

timzank said:
Couldn’t find a Santelli link, but here’s one from BARACK OBAMA IN 2006:
So was he full of sh*t then or is he full of sh*t now?

So…in Timzank logic, you AGREED with Obama in 2006, but not in 2011–which means you disagreed with Bush all SEVEN times he raised the debt ceiling…can you point me to a link where you said that online?

–Cobra

DavidKramer said:
Let me say it AGAIN for those hard of hearing!

We are in a DEPRESSION! A depression is defined as 4 straight quarters of declining GDP.

2010- GDP Declared GDP growth was 2.6%
2010- Federal Deficit spending was 9.6% of GDP
2010- Effective GDP growth was a NEGATIVE 7%

Hmmmmm, hey Krugman, are you a moron?

By the way folks, who is going to pay back that 5 Trillion that Pelosi, Reid and Obama gave to their cronies? I am not, are you?

For those hard of knowing/reading/learning….God I hate Libturds….but hate the sin….love the sinner

Jim R said:
I must agree on Clinton gutting needed protections and triangulating on an array of issues we wasn’t nearly liberal enough on for my tastes, but the statistics don’t bear out your contention that Democrats have been worse than Republicans – as a matter of fact they show the exact opposite. Clinton was the best Republican President of the last forty years, but he’s trying to gloss that over now. The question is, why do people continue believing in opposite world where tax cuts increase revenue and create jobs and Obama’s projected 10% responsibility for the deficits projected for the next decade is much worse than Reagan tripling the national debt and Bush II doubling it? Something else is at work here, like the utter rejection of conservative policies that have failed American every single time they’re tried by, requiring the daily screeching that Republican policies ALWAYS work and Democrats always fail – welcome to Republican opposite world.

You’re assuming direct causal relations where there are other germane factors to consider.
Once Reagan’s tax cuts took effect, revenue to the government skyrocketed – the reason for the deficit is that both parties, but moreso on the spending side, Democrats, outspent the tremendous increase in revenue.

Tax cuts must be targeted and monitored if they are to work. Neither was done then, nor under Bush either.
The same holds true for the bank bailouts, which were a con to reimburse the Banking Class of the world with taxpayer money!

NORBIT Jr. says:
Obama spent 3 Trillion Dollars keeping public unions funded for two years, with no plan beyond that; and at the same time, just poured money into Wall Street banks at 0% interest – which they promptly invested in foreign banks at 5% return!
………………………….
Norbit Jr. never met a number he didn’t like to spin. All of his information comes from only “tea sites”. The “tea bubble” will always support your spin and dislikes, but never honest facts!

To Cobra…

The Government is still taking in money every month and the military along with Social Security benefits will all be paid. If not passed the Government will have to start laying off nnon-essential employees and so forth. Did you really think our Government has NO money coming in? If so quit paying taxes on gasoline and such…

timcajun said:
NORBIT Jr. says:
Obama spent 3 Trillion Dollars keeping public unions funded for two years, with no plan beyond that; and at the same time, just poured money into Wall Street banks at 0% interest – which they promptly invested in foreign banks at 5% return!
………………………….
Norbit Jr. never met a number he didn’t like to spin. All of his information comes from only “tea sites”. The “tea bubble” will always support your spin and dislikes, but never honest facts!

HOW BOUT MY NUMBERS!?

We are in a DEPRESSION! Deficit spending has to be PAID BACK. You only destroy the future by deficit spending.

How bout addressing MY ISSUE!

NORBIT Jr. said:
Once Reagan’s tax cuts took effect, revenue to the government skyrocketed – the reason for the deficit is that both parties, but moreso on the spending side, Democrats, outspent the tremendous increase in revenue.

Ronald Reagan raised taxes ELEVEN TIMES.

I’ll repeat….Ronald Reagan raised taxes ELEVEN TIMES.

“Tax Increases

Billions of Dollars
Tax Equity and Fiscal Responsibility Act of 1982

+57.3
Highway Revenue Act of 1982

+4.9
Social Security Amendments of 1983

+24.6
Railroad Retirement Revenue Act of 1983

+1.2
Deficit Reduction Act of 1984

+25.4
Consolidated Omnibus Budget Reconciliation Act of 1985

+2.9
Omnibus Budget Reconciliation Act of 1985

+2.4
Superfund Amendments and Reauthorization Act of 1986

+0.6
Continuing Resolution for 1987

+2.8
Omnibus Budget Reconciliation Act of 1987

+8.6
Continuing Resolution for 1988

+2.0
Total cumulative tax increases

+132.7 BILLION.”

http://capitalgainsandgames.com/blog/bruce-bartlett/1632/reagans-tax-increases

And spending side?

Look at the “War Clock”.
http://costofwar.com/en/

I didn’t hear any of you “yellow-ribbon tying” , “with-us-or-against-us”, “fire-phill-donahue-for-questioning-the-president” right wingers complaining about the cost of war in 2003.

Why now?

–Cobra

Cobra said:
Ronald Reagan raised taxes ELEVEN TIMES.

I’ll repeat….Ronald Reagan raised taxes ELEVEN TIMES.

“Tax Increases

Billions of Dollars
Tax Equity and Fiscal Responsibility Act of 1982

+57.3
Highway Revenue Act of 1982

+4.9
Social Security Amendments of 1983

+24.6
Railroad Retirement Revenue Act of 1983

+1.2
Deficit Reduction Act of 1984

+25.4
Consolidated Omnibus Budget Reconciliation Act of 1985

+2.9
Omnibus Budget Reconciliation Act of 1985

+2.4
Superfund Amendments and Reauthorization Act of 1986

+0.6
Continuing Resolution for 1987

+2.8
Omnibus Budget Reconciliation Act of 1987

+8.6
Continuing Resolution for 1988

+2.0
Total cumulative tax increases

+132.7 BILLION.”

http://capitalgainsandgames.com/blog/bruce-bartlett/1632/reagans-tax-increases

And spending side?

Look at the “War Clock”.
http://costofwar.com/en/

I didn’t hear any of you “yellow-ribbon tying” , “with-us-or-against-us”, “fire-phill-donahue-for-questioning-the-president” right wingers complaining about the cost of war in 2003.

Why now?

–Cobra

WOW, you attributed EVERY tax increase! Did you supply the decrease? Oh wait, you provided a cut and paste from your favorite site, let me guess? Media Matters or the HuffPo?

Sorry, I was working during the Reagan era, ultimately, our tax burden went down, even though the DEMONCRATS renegged on the deal. YOU KNOW, LIED!

Reagan was ONE part of a three part system, when you have HONOR! and INTEGRITY, and you make a deal, things are supposed to be reciprocated.

THAT IS WHY, we conservatives and those in Washington DO NOT TRUST THE DEMONCRATS to follow through with promises.

BECAUSE COMMUNISTS………..erm DEMOCRATS LIE! That is WHAT they do!

Compromise? Kiss my ARSE! Rand Paul knows you pieces of slime lie like it is breathing! You want to spend TRILLIONS we do not have, how bout applying it to YOUR balance sheet? You know, the Communists, because I WILL NO LONGER BE PAYING!

Davo said:
Jim R
Share with us just 10 Liberal policies over the past 40 years that worked out as originally claimed. OK, maybe I’m asking too much for a single Liberal policy every 4 years to be right, so let’s just make it 5. Let’s hear about 5 Liberal policies since 1971 that have worked as claimed. 5………….

“Crickets.”

Maybe I unfairly gave you a headache trying to back up your claims. How ’bout telling us about just a single time Liberals have been vindicated by being correct. Just one single time.

Don’t worry……………it ain’t possible. Ya see, Liberals have the distinction of having a 100% rate of failure. There is not anytime from standing against armament build up in the cold war, to the unintended consequences of welfare mothers, to the extension of ghettos regardless of the money poured into Liberal programs. Wrong about Saddam Hussein’s army being too formidable for the US troops, to the economic collapse from unqualified loans to minorities, to………………….well, you get the picture.

Liberals have devastated our education system, created entitlement programs that are poised to throw those dependent on them out with the trash, and left our prosperity and future in a state of darkness never experienced by any Americans before.

Perhaps it’s easy to understand why Conservatives accurately identify Liberalism as a mental disorder, not a political philosophy. Liberals are missing the part of the brain that allows for consideration of the relevance of results.

“Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act …” – Cobra
——————————————————-

You mean the precursor to the derivitives meltdown?

Here’s the quick synopsis on that Democrat-enabled disaster:

Following along with the euphemistic sounding CRA, Democrats in Congress, Dodd and Frank particularly, mandate an arbitrary percentage of home ownership to be minority-based.

Hence, Fannie and Freddie are forced to keep lowering and lowering mortgage qualifications to meet the unfunded government mandate, resultineventually, in millions of high-risk and worthless notes.

Wall Street bankers, who had been creating liquidity through a small market of derivitives on legitimate mortgages, then start bundling in these low-cost / high-risk units.

Rating agencies see government guarantees on these mortgages, coupled with an ever-rising home market (lol), and sight-unseen, stamp this bad debt as AAA.

Wall Street sees the incredible leverage opportunity in bundling and selling all this worthless debt as AAA, and it’s off to the races!

Add in the AIG insurance – with no collateral to back it – and you can see what caused the crash.

As for Clinton, Glass-Steagal was just part of a corruption mosaic, and too long to address here and now.

macombman said:
To Cobra…

The Government is still taking in money every month and the military along with Social Security benefits will all be paid. If not passed the Government will have to start laying off nnon-essential employees and so forth. Did you really think our Government has NO money coming in? If so quit paying taxes on gasoline and such…

Nonsense. If you default on your creditors, that you’re borrowing money to fill the budget, and you STOP PAYING THEM…what…They’re gonna keep lending you money?

“During FY 2010, the federal government collected approximately $2.16 trillion in tax revenue. Primary receipt categories included individual income taxes (42%), Social Security/Social Insurance taxes (40%), and corporate taxes (9%).[8] Other types included excise, estate and gift taxes.

Tax revenues have averaged approximately 18.3% of gross domestic product (GDP) over the 1970-2009 period, generally ranging plus or minus 2% from that level. Tax revenues are significantly affected by the economy. Recessions typically reduce government tax collections as economic activity slows. For example, tax revenues declined from $2.5 trillion in 2008 to $2.1 trillion in 2009, and remained at that level in 2010. During 2009, individual income taxes declined 20%, while corporate taxes declined 50%. At 14.9% of GDP, the 2009 and 2010 collections were the lowest level of the past 50 years.[8]”

http://en.wikipedia.org/wiki/United_States_federal_budget

The government outlays $3.456 trillion, giving you a DEFICIT, but READ what was actually written here. Tax revenues DECLINED. Individual income by 20% and corporate taxes by 50%. What’s the Republican argument? Reduce tax revenues even more.

In what world will that decrease a deficit?

Second, listen to what you wrote. You want to LAYOFF millions of government workers, who will then no longer have the ability to pay taxes or participate in the consumer economy.

In what world will that decrease a deficit?

And what rule says that medicare and military checks will still be sent out if we can’t borrow the 1.4 trillion dollars to keep the federal budget afloat? Show me the budget for that. Paul Ryan wants to send grandma to the private insurers anyway, so where the heck are you coming from?

–Cobra

DavidKramer said:
WOW, you attributed EVERY tax increase! Did you supply the decrease? Oh wait, you provided a cut and paste from your favorite site, let me guess? Media Matters or the HuffPo? Sorry, I was working during the Reagan era, ultimately, our tax burden went down, even though the DEMONCRATS renegged on the deal. YOU KNOW, LIED! Reagan was ONE part of a three part system, when you have HONOR! and INTEGRITY, and you make a deal, things are supposed to be reciprocated. THAT IS WHY, we conservatives and those in Washington DO NOT TRUST THE DEMONCRATS to follow through with promises. BECAUSE COMMUNISTS………..erm DEMOCRATS LIE! That is WHAT they do! Compromise? Kiss my ARSE! Rand Paul knows you pieces of slime lie like it is breathing! You want to spend TRILLIONS we do not have, how bout applying it to YOUR balance sheet? You know, the Communists, because I WILL NO LONGER BE PAYING!

He was coerced by a Democratic Congress; the same way Obama has/is being coerced by a GOP House.

DavidKramer said:
WOW, you attributed EVERY tax increase! Did you supply the decrease? Oh wait, you provided a cut and paste from your favorite site, let me guess? Media Matters or the HuffPo?

Sorry, I was working during the Reagan era, ultimately, our tax burden went down, even though the DEMONCRATS renegged on the deal. YOU KNOW, LIED!

Reagan was ONE part of a three part system, when you have HONOR! and INTEGRITY, and you make a deal, things are supposed to be reciprocated.

THAT IS WHY, we conservatives and those in Washington DO NOT TRUST THE DEMONCRATS to follow through with promises.

BECAUSE COMMUNISTS………..erm DEMOCRATS LIE! That is WHAT they do!

Compromise? Kiss my ARSE! Rand Paul knows you pieces of slime lie like it is breathing! You want to spend TRILLIONS we do not have, how bout applying it to YOUR balance sheet? You know, the Communists, because I WILL NO LONGER BE PAYING!

RepubliCONs get all upset when you reveal what their hero really did. Reagan administration said deficits don’t matter.

DavidKramer said:
WOW, you attributed EVERY tax increase! Did you supply the decrease? Oh wait, you provided a cut and paste from your favorite site, let me guess? Media Matters or the HuffPo?

Sorry, I was working during the Reagan era, ultimately, our tax burden went down, even though the DEMONCRATS renegged on the deal. YOU KNOW, LIED!

Reagan was ONE part of a three part system, when you have HONOR! and INTEGRITY, and you make a deal, things are supposed to be reciprocated.

THAT IS WHY, we conservatives and those in Washington DO NOT TRUST THE DEMONCRATS to follow through with promises.

BECAUSE COMMUNISTS………..erm DEMOCRATS LIE! That is WHAT they do!

Compromise? Kiss my ARSE! Rand Paul knows you pieces of slime lie like it is breathing! You want to spend TRILLIONS we do not have, how bout applying it to YOUR balance sheet? You know, the Communists, because I WILL NO LONGER BE PAYING!

If you want to leave America and go to Somalia, where social darwinism rules, be my guest. Today’s Republicans, led by Rand “repeal-CRA1964-so-private-businesses-can-racially-discriminate” Paul would call Ronald Reagan a “RINO” and primary challenge him for compromising, making deals and RAISING TAXES.

Admit it. The Clowns run the GOP circus right now.

NORBIT Jr. said:
“Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act …” – Cobra
——————————————————-

You mean the precursor to the derivitives meltdown?

Here’s the quick synopsis on that Democrat-enabled disaster:

Following along with the euphemistic sounding CRA, Democrats in Congress, Dodd and Frank particularly, mandate an arbitrary percentage of home ownership to be minority-based.

Hence, Fannie and Freddie are forced to keep lowering and lowering mortgage qualifications to meet the unfunded government mandate, resultineventually, in millions of high-risk and worthless notes.

Wall Street bankers, who had been creating liquidity through a small market of derivitives on legitimate mortgages, then start bundling in these low-cost / high-risk units.

Rating agencies see government guarantees on these mortgages, coupled with an ever-rising home market (lol), and sight-unseen, stamp this bad debt as AAA.

Wall Street sees the incredible leverage opportunity in bundling and selling all this worthless debt as AAA, and it’s off to the races!

Add in the AIG insurance – with no collateral to back it – and you can see what caused the crash.

As for Clinton, Glass-Steagal was just part of a corruption mosaic, and too long to address here and now.

More FANTASIES. The Congress was in REPUBLICAN HANDS. Dodd and Frank were NOT in charge of their respective committees. What part of Speaker of the House Newt Gingrich and Senate Majority Leader Frist don’t you understand?

Second, banks aren’t “forced” to lend to anybody. It’s the DEFAULT SWAP SCHEMERS on WALL STREET (Santelli’s Boys) that came up with packages like “no income”, “no down payment”, “interest only”, “no credit check”, “adjustable rate balloon” hand-grenade loans that they would float out there, sign somebody up, declare it sound, and pass it on like a hot rock to some unsuspecting European bank while betting on it to default.

You almost get the story right…BUT–
Of course you blame it on poor black and brown folks, and not the OVERWHELMINGLY WHITE, OVERWHELMINGLY Republican leaning Corporate spiders on Wall Street. You just can’t help yourself, Norbit.

–Cobra

Cobra said:
Second, banks aren’t “forced” to lend to anybody.

Yes they were. The community reinvestment act forced banks to make mortgages to shitbags in the name of “diversity”.

timzank said:
Yes they were. The community reinvestment act forced banks to make mortgages to shitbags in the name of “diversity”.

If you can’t tell the difference between redlining, and forcing banks to lend to unqualified applicants, you’re crazy OR worse…especially with your considering diversity to mean “giving mortgages to s……..’s” . Is that what this is REALLY about to you, Timzank? Your distaste and psychological discomfort with seeing black and brown people attaining the “American Dream?”: America is just for loud, White money-changers like Rick Santelli in your world, right?

You folks are REAL simple, you know that?

–Cobra

Greg said:
I always find crazy less than persuasive.

There’s nothing ‘Crazy’ about facts and the truth.

We as a nation are presently borrowing $.41 cents of every $1.00 dollar we spend. This year alone we will borrow over $1,645,000,000,000, Dollars.

To put that in perspective; If you spent 1 Million Dollars, Every Day, from the time Rome ruled the western world, and Jesus walked the earth to today. You would not spend Half of what we owe this year alone. Crazy? The ‘Crazy’ part is thinking this level of spending can continue, or that we can ‘Tax; our way out of the problem.

In 2008 we spent 2. 98 Trillion Dollars.
In 2011 we spent 3. 82 Trillion Dollars.

From the Moment Obama took office and the Democrats took control of both the Houses and Senate in January 09 to today. Federal Spending has increased an unbelievable 28% and because we Are borrowing over 40 cents of every dollar they spend.

on the last day of September, 2008, the national debt hit $10,000,000,000,000 (Ten Trillion Dollars) for the first time in history…Today it is $ 14,248,000,000,000 and rising. Thats an increase of almost 50% is just 2 years.

We simply cannot afford the increases in Spending Obama and the Democrats have saddled us with…Sorry, but we just cant.

The ‘Crazy’ part is thinking we can.

Cobra, it doesn’t matter who raised the debt ceiling before or who kicked the dog in 1994, it’s all a moot point. There is no entity on Earth in all of history, be it a country or a business or an organization that can pay it’s way out it’s debt once it has reached the point of borrowing more money to make the interest payments on it’s already borrowed money.

While it’s fun to point fingers and blame each other, the plain truth is this is a math problem now. We, as a nation are simply using our visa card to pay the minimum payment on the mastercard. No difference whatsoever.

Cobra said:
If you can’t tell the difference between redlining, and forcing banks to lend to unqualified applicants, you’re crazy OR worse…especially with your considering diversity to mean “giving mortgages to s……..’s” . Is that what this is REALLY about to you, Timzank? Your distaste and psychological discomfort with seeing black and brown people attaining the “American Dream?”: America is just for loud, White money-changers like Rick Santelli in your world, right? You folks are REAL simple, you know that? –Cobra

Shitbags are shitbags, regardless of color. That’s why Uncle Sam shouldn’t have forced banks to make loans to shitbags. Shitbags don’t pay back.

Quote: (paraphrase) by Santelli’s antagonist.

“We are spending to much, I agree.

But, we can’t be IRRESPONSIBLE with how we solve it.”

How does one fathom a statement like this? We have “Irresponsibled” ourselves, possibly, to our own demise. And this guy is telling us to be responsible with the solution.

There is a piece to the puzzle of his mind that can never be found. He will never see the threat as we, the Conservative and responsible Citizen’s's do.

Anyway, nice job Santelli, My compliments. Someone had to do it.

PURVEYOR OF RHETORIC

Don’t start COBRA

Save your revisionist history, Black Theology for the others.

GoneFishing said:
There’s nothing ‘Crazy’ about facts and the truth.

We as a nation are presently borrowing $.41 cents of every $1.00 dollar we spend. This year alone we will borrow over $1,645,000,000,000, Dollars.

To put that in perspective; If you spent 1 Million Dollars, Every Day, from the time Rome ruled the western world, and Jesus walked the earth to today. You would not spend Half of what we owe this year alone. Crazy? The ‘Crazy’ part is thinking this level of spending can continue, or that we can ‘Tax; our way out of the problem.

In 2008 we spent 2. 98 Trillion Dollars.
In 2011 we spent 3. 82 Trillion Dollars.

From the Moment Obama took office and the Democrats took control of both the Houses and Senate in January 09 to today. Federal Spending has increased an unbelievable 28% and because we Are borrowing over 40 cents of every dollar they spend.

on the last day of September, 2008, the national debt hit $10,000,000,000,000 (Ten Trillion Dollars) for the first time in history…Today it is $ 14,248,000,000,000 and rising. Thats an increase of almost 50% is just 2 years.

We simply cannot afford the increases in Spending Obama and the Democrats have saddled us with…Sorry, but we just cant.

The ‘Crazy’ part is thinking we can.

What is the US Ecomony built upon in its current state? Consumption. If there is no spending, there is NO US economy. If you disagree, show me with FACTS.

timzank said:
Cobra, it doesn’t matter who raised the debt ceiling before or who kicked the dog in 1994, it’s all a moot point. There is no entity on Earth in all of history, be it a country or a business or an organization that can pay it’s way out it’s debt once it has reached the point of borrowing more money to make the interest payments on it’s already borrowed money.

While it’s fun to point fingers and blame each other, the plain truth is this is a math problem now. We, as a nation are simply using our visa card to pay the minimum payment on the mastercard. No difference whatsoever.

Ronald REAGAN….RAISED TAXES. ELEVEN TIMES. REAGAN. We have a situation where Republicans TODAY will not only refuse to raise taxes, but refuse to end TAX SUBSIDIES for Oil Companies and Private Jet owners. You’re not just using the Visa to pay the mastercard. You’re using the Visa to pay for Uncle Harry’s bar tab and internet porn habit….and your siding with Harry.

–Cobra

Any liberal out there want to answer me this?

You make $50,000 a year and you owe $150,000 in credit card debt. How do you ever pay it off?

GONE FISHIN

Well done, thank you!

There it is before us, our own “Inferno,” and a plurality of American’s deny, dismiss, or blame away our impending demise.

timzank said:
You make $50,000 a year and you owe $150,000 in credit card debt. How do you ever pay it off?

Surely you jest? The Liberal has many credit cards! LOL

Cobra said:
Dodd and Frank were NOT in charge of their respective committees.

Actually they were. When Bush trued to put limits on FM &FM in 2007 and return Traditional Underwriting Standards to the market, the democratically controlled House and Senate refused.

Cobra said:
Second, banks aren’t “forced” to lend to anybody

Yes, they were. The Gov directive was clear; Banks could no longer use traditional underwriting standards in determining credit worthiness and were told to make the loans regardless of credit history or ability to repay. In many instances Home Loans were made w/o a down payment at all, or any verification of income…because the Federal Government told them they must.

These are just the facts. The Government changed the rules, and Banks were forced by the Federal Government to make loans that were insecure. The Banks were threatened and told if they did not make the loans as directed, they would lose their charters and be out of business.

DavidKramer says:
HOW BOUT MY NUMBERS!?

We are in a DEPRESSION! Deficit spending has to be PAID BACK. You only destroy the future by deficit spending.

How bout addressing MY ISSUE!
………………………………………………
Who denies the depression? Once again lets spin and change the rules to win! When “teas” use only, only, “tea sources” it’s hard for the truth to unfold, being that this debt took time. I know everything before 08 was magic and we should think it has taken months, … not years,… to get to this point!

Cobra said:
What is the US Ecomony built upon in its current state? Consumption. If there is no spending, there is NO US economy.

Your argument assumes Federal Spending is the driving force in our economy…it is not. Federal Spending is a Drag on our economy. Government Spending is a ‘Cost’ to Every Economy, not just ours. Government Spending is not a solution; It is the problem. Keynes is dead…let him rot.

The ‘Cause’ of our economic stagnation, high unemployment and runaway debt is not too little Government Spending and intervention, but rather an irrational belief that Government spending and regulation is the solution; It is not, and it never has been.

The Solution to this crisis is not an increase in Government Control, but a return of Economic Freedom to Capitol and Labor. Get the Government out of the Market, and returning rationality to the ddecisions we as indivisuals make with regard to our finances are the solution..increased Economic Freedom = More Prosperity for all.

Our problems today are a direct result of Government’s attempt to control real Markets thru regulation and tax law; Government picking winners and losers always results in a distortion of markets..the more a government intervenes, the greater the inefficiencies and cost.

This government spending and intervention has a direct and negative effect on our economy. Increasing Government debt and spending reduces private economic activity by increasing the availability and cost of capitol, further distorting the market already laden by government intervention. These negative effects are cumulative and will not, and cannot produce a positive economic result. They will only delay or slow a recovery.

Sad sad thing that in 2011 there are soooo many people that can’t comprehend 2nd grade math. Newsflash socialists, 2+2=4 and always will, even if you holler George Bush, Ronald Reagan, or racist at the top of your lungs, at the end of the day, some day soon you’ll have to admit that 2+2=4.

GoneFishing said:
Your argument assumes Federal Spending is the driving force in our economy…it is not. Federal Spending is a Drag on our economy. Government Spending is a ‘Cost’ to Every Economy, not just ours. Government Spending is not a solution; It is the problem. Keynes is dead…let him rot.

The ‘Cause’ of our economic stagnation, high unemployment and runaway debt is not too little Government Spending and intervention, but rather an irrational belief that Government spending and regulation is the solution; It is not, and it never has been.

The Solution to this crisis is not an increase in Government Control, but a return of Economic Freedom to Capitol and Labor. Get the Government out of the Market, and returning rationality to the ddecisions we as indivisuals make with regard to our finances are the solution..increased Economic Freedom = More Prosperity for all.

Our problems today are a direct result of Government’s attempt to control real Markets thru regulation and tax law; Government picking winners and losers always results in a distortion of markets..the more a government intervenes, the greater the inefficiencies and cost.

This government spending and intervention has a direct and negative effect on our economy. Increasing Government debt and spending reduces private economic activity by increasing the availability and cost of capitol, further distorting the market already laden by government intervention. These negative effects are cumulative and will not, and cannot produce a positive economic result. They will only delay or slow a recovery.

When the private sector is not creating jobs, but keeping the profits from the tax cuts to themselves the Federal Government has to step in to get the economy moving. Even the ancient Romans knew this to be true.

Yoda002 said:
When the private sector is not creating jobs, but keeping the profits from the tax cuts to themselves the Federal Government has to step in to get the economy moving. Even the ancient Romans knew this to be true.

WTF? ancient Rome? Really?

timcajun said:
DavidKramer says:
HOW BOUT MY NUMBERS!?

We are in a DEPRESSION! Deficit spending has to be PAID BACK. You only destroy the future by deficit spending.

How bout addressing MY ISSUE!
………………………………………………
Who denies the depression? Once again lets spin and change the rules to win! When “teas” use only, only, “tea sources” it’s hard for the truth to unfold, being that this debt took time. I know everything before 08 was magic and we should think it has taken months, … not years,… to get to this point!

Do YOU REALLY BELIEVE that I and other TRUE conservatives like Bush and his cronies ANY BETTER than we like Obama and HIS CRONIES?

Geez and RICE! Obama took Bush and put himself on STEROIDS!

He took a 10.8 Trillion dollar debt and pushed it to 14.3 Trillion!

Others have stated that it was only a depression decrease in tax collection! BULL and LIES! He increased expenditures and increased government about 25%!

I would address some other comments, but I have had it with attempting to persuade people that listen to Paul Krugman and other people that Obama and other idiots that listen to morons from the education system. How many more morons are they going to parade through t5he White House? They have only had 4 or more economic heads telling the President that we only have to spend our way out of a depression.

Hmmmmm, it seems NONE of them studied what happened in the first great depression!

WOW, Reagan raised some taxes!!!!!! That must mean raising taxes works! Taxation by the federal government has been replaced by the taxation of the state, because the states are being forced to do things by the feds. You CANNOT only apply the federal, you have to include the state. How goes the economy in places like California and New York? People are FLEEING those states along with businesses. Funny how Republican run states are improving and growing whereby Democrat run states and Cities are shrinking. Hmmmm, must be something in the water!

Have NONE of you heard of calculus and max and min calculations? There is a point where further taxation does not increase your intake, it is actually detrimental to your taxation revenue. It is the SAME for anything.

The government is spending too much. The US cannot and will not sustain a debt that is detrimental to the system. Oh well, sooner or later the communists…………erm democrats will learn what accrued interest means.

Or maybe, democrats ARE really as dumb as Joe Biden! “Sometimes you have to spend money to save money!”

timzank said:
WTF? ancient Rome? Really?

Sorry if that was a little bit over your head.

Yoda002 said:
Sorry if that was a little bit over your head.

Not over my head at all, but you’re out of your mind.

timzank said:
Not over my head at all, but you’re out of your mind.

I guess Beck skipped that part in his Beck University.

Yoda002 said:
When the private sector is not creating jobs, but keeping the profits from the tax cuts to themselves the Federal Government has to step in to get the economy moving. Even the ancient Romans knew this to be true.

You are mistaking the Chicken for the Egg. Government intervention is the Cause of current market instability…Government’s attempt to control Capitol is the Cause of business holding what they have.

Sorry if you don’t ‘Get’ that…but its true just the same.

Business in the USA operates with a high tax and regulatory burdens and small margins, where a 1 or 2 % change in fixed or variable cost can and does mean the difference between making payroll, and closing the doors. Understand too, these are not Actual Market Costs, but artificial cost imposed at the whim of a Bureaucrat or Government Department you cannot predict but must plan for…not easy task that.

These Government created costs are the reality of Business today, and to expect any Business to assume risk at a time of Market instability, economic stress…and the promise of of More Government control, intervention and cost would be foolish in the extreme.

Who would spend their savings or take on debt if your job was in jeopardy, your rent going up and were not sure if you would even have a check to cash next week? Exactly…no one who wanted to keep a roof over their head, and food in the fridge.

Yoda002 said:
I guess Beck skipped that part in his Beck University.

http://www.cato.org/pubs/journal/cjv14n2-7.html

GoneFishing said:
Actually they were. When Bush trued to put limits on FM &FM in 2007 and return Traditional Underwriting Standards to the market, the democratically controlled House and Senate refused.

So Bush began his Presidency on January 1, 2007? Funny, the Bush I remember (and have videotape on) ran for re-election on the “Ownership Society” campaign and was the CHAMPION for down-payment assistance for poor and first-time homeowners:

http://www.youtube.com/watch?v=kNqQx7sjoS8
Listen for the buzz words, GoneFishing…”adjustable rate mortgages”, “Fannie and Freddie”, “450 Billion dollars”, “poor neighborhoods”, “minoritiy home ownernship”….all those things you’re accusing Barney Frank and Chris Dodd of doing….wafting enthusiastically right out George Bush’s mouth 5 years earlier.

“On December 16, 2003, President George W. Bush signed into law the American Dream Downpayment Initiative,[1] which was aimed at helping approximately “40,000 families a year”[2] with their down payment and closing costs, and further strengthen America’s housing market.

This legislation complemented the President’s “aggressive housing agenda” announced in a speech he gave at the Department of Housing and Urban Development on June 18, 2002.[2] In this speech the President outlined the partnerships needed to make homeownership a reality for millions more Americans by the end of the decade.
http://en.wikipedia.org/wiki/American_Dream_Downpayment_Assistance_Act

Then of course, 5 years later…we see a DIFFERENT Bush speech, a year before the bottom totally falls out.
http://www.youtube.com/watch?v=ugeqexHzVNQ&feature=related

You’re not debating me on this, Gone Fishing. You’re debating George W. Bush, and your own eyes and ears.

–Cobra

GoneFishing said:
You are mistaking the Chicken for the Egg. Government intervention is the Cause of current market instability…Government’s attempt to control Capitol is the Cause of business holding what they have. Sorry if you don’t ‘Get’ that…but its true just the same. Business in the USA operates with a high tax and regulatory burdens and small margins, where a 1 or 2 % change in fixed or variable cost can and does mean the difference between making payroll, and closing the doors. Understand too, these are not Actual Market Costs, but artificial cost imposed at the whim of a Bureaucrat or Government Department you cannot predict but must plan for…not easy task that. These Government created costs are the reality of Business today, and to expect any Business to assume risk at a time of Market instability, economic stress…and the promise of of More Government control, intervention and cost would be foolish in the extreme. Who would spend their savings or take on debt if your job was in jeopardy, your rent going up and were not sure if you would even have a check to cash next week? Exactly…no one who wanted to keep a roof over their head, and food in the fridge.

I honestly think people like Yoda believe that the federal government unicorn just shits more money when it’s needed.

Cobra said:
So Bush began his Presidency on January 1, 2007? Funny, the Bush I remember (and have videotape on) ran for re-election on the “Ownership Society” campaign and was the CHAMPION for down-payment assistance for poor and first-time homeowners:

Your once again ignoring the fact that Bush DiD try to require stricter under-writing standards…and that attempt to return checks to the Real-estate finance market was shot down by Dodd and Bwarny in the Senate.

GoneFishing said:
Your once again ignoring the fact that Bush DiD try to require stricter under-writing standards…and that attempt to return checks to the Real-estate finance market was shot down by Dodd and Bwarny in the Senate.

You didn’t watch ONE second of that Bush speech, did you? Where he forcefully advocated RELAXING under-writing standards in the first place?

Let me post the link again…and other readers can chime in on this one.
http://www.youtube.com/watch?v=kNqQx7sjoS8

–Cobra

GoneFishing said:
You are mistaking the Chicken for the Egg. Government intervention is the Cause of current market instability…Government’s attempt to control Capitol is the Cause of business holding what they have.

Sorry if you don’t ‘Get’ that…but its true just the same.

Business in the USA operates with a high tax and regulatory burdens and small margins, where a 1 or 2 % change in fixed or variable cost can and does mean the difference between making payroll, and closing the doors. Understand too, these are not Actual Market Costs, but artificial cost imposed at the whim of a Bureaucrat or Government Department you cannot predict but must plan for…not easy task that.

These Government created costs are the reality of Business today, and to expect any Business to assume risk at a time of Market instability, economic stress…and the promise of of More Government control, intervention and cost would be foolish in the extreme.

Who would spend their savings or take on debt if your job was in jeopardy, your rent going up and were not sure if you would even have a check to cash next week? Exactly…no one who wanted to keep a roof over their head, and food in the fridge.

Who is holding business back?? They have record profits. I know that’s against your FAUX beliefs, but that’s reality. What Market instability?? Look at the stock market The U.S. corporations have very low tax rates in relation to GDP.

timzank said:
Cobra, it doesn’t matter who raised the debt ceiling before or who kicked the dog in 1994, it’s all a moot point. There is no entity on Earth in all of history, be it a country or a business or an organization that can pay it’s way out it’s debt once it has reached the point of borrowing more money to make the interest payments on it’s already borrowed money.

While it’s fun to point fingers and blame each other, the plain truth is this is a math problem now. We, as a nation are simply using our visa card to pay the minimum payment on the mastercard. No difference whatsoever.

Yep and thank you.

timzank said:
http://www.cato.org/pubs/journal/cjv14n2-7.html

That is real cute how they changed history.

timzank said:
I honestly think people like Yoda believe that the federal government unicorn just shits more money when it’s needed.

It’s funny how you think tax cuts to the wealthy will create revenue!!

Yoda002 said:
It’s funny how you think tax cuts to the wealthy will create revenue!!

Or corporate tax breaks create jobs! Or shrinking the size of government will reduce unemployment. It’s almost Orwellian how the right winged propaganda machine has hypnotized millions of Americans.

–Cobra

Okay… it was not as great as Santelli’s tea party rant of January or early February 2009, because that was a classic and can never be matched.

But as far as rants go, it was still pretty good.

Santelli does two things as well or better than anyone else. First, he knows the bond market inside and out, and that is why he reports from the CNOT and has no interest in any promotions or sideways transfers or any other job that would force him to move away from Chicago.

And second, he is tapped into the zeitgeist. He knows the mood of the country. His fears for the future of our country are the fears that nearly all of us feel. The only people who aren’t worried are the ones focused solely on the next election — all they care about is getting reelected and helping the special interests that will help them get reelected again: the unions, the environmental lobby, the trial lawyers, the hedge-fund billionaires, and the left-wing media moguls in NY and Hollywood.

The people spoke in November 2010. They will be even more motivated in 2012, because they are pissed off. They voted for Obama in 2008 because the MSM told us how wonderful it would be to have the first black president. They will vote against Obama in 2012 because he’s been a horrible president and they won’t make the same mistake again.

The Democratic strategy has been, and will be all the way till Election Day, to wage a relentlessly negative campaign against the Republicans and whoever they nominate.

It will be the dirtiest campaign in the history of the Republic, and it’s started already on the blogs and websites where the penny-a-post guys spread their filth. I know times a tough and a job is a job, but it’s a dirty way to collect a paycheck — panhandling on street corners would be a more honest way to make a living.

Cobra said:
Or corporate tax breaks create jobs! Or shrinking the size of government will reduce unemployment. It’s almost Orwellian how the right winged propaganda machine has hypnotized millions of Americans. –Cobra

Explain to us all just how expanding government creates more jobs. Explain to us all how 800 billion bucks made anything better.

You either work for the government, or a company with a government contract, or you are a recipient of government programs and don’t work. My guess is the latter.

J Baustian said:
The Democratic strategy has been, and will be all the way till Election Day, to wage a relentlessly negative campaign against the Republicans and whoever they nominate.

Oddly that is the exact same strategy the Republicans adopted in 2009. Both sides are now engaged in this full time. It is all about demonizing and then shining. Both sides do it all the time. Remember, according to McConnell, the GOP legislative goal in the Senate is to make Obama a one termer.

By the same token, the Democrats engaged in this same junk for 8 years under Bush.

Both sides do this, so don’t pull the while faux victim thing. Both parties are hopelessly corrupt and basically couldn’t care less about the actual people. It is only about the next election with no regard as to the consequences.

I think we ought to fire the lot of them. All 535 plus Obama. All new. And no more party nonsense.

Yoda002 said:
It’s funny how you think tax cuts to the wealthy will create revenue!!

It’s funny how you think Obama really wants to tax the wealthy — he has no plans to tax the mega-millionaires or the billionaires at all! He wants to hammer the entrepreneurs, the guys running small businesses or trying to start small businesses, the guys making $200k or $300k who would someday like to become millionaires or billionaires.

The extremely wealthy have their assets in real estate and tax-exempt municipal bonds and in other investments that are taxed lightly or not at all. Many of them are Obama supporters and many are clients of the Wall Street investment bankers who contribute to Obama and who serve in Obama’s administration. He trashes them in public, but then he invites them to the White House for a discussion of campaign contributions. (No checks written in the White House, that would be illegal; they cross the street to the DNC HQ for that.)

Keeva said:
I think we ought to fire the lot of them. All 535 plus Obama. All new. And no more party nonsense.

You are incredibly naive if you think that’s going to happen. And worst than naive if you think the government would operated just fine without any political parties. I suppose you think there is no difference between conservative and liberal policies? Folks rarely switch parties without a damned good reason. (Though Obama is giving a lot of Democrats a reason to consider changing their party registration.)

The US is basically a center-right country, according to annual Gallup polls going back 20 years. The lefties will continue to dominate in the urban centers and on the college campuses, and the independents will determine how well conservative candidates will fare in the rest of the country.

timzank said:
Explain to us all just how expanding government creates more jobs. Explain to us all how 800 billion bucks made anything better.

You either work for the government, or a company with a government contract, or you are a recipient of government programs and don’t work. My guess is the latter.

Wrong. Entrepreneur here. You’re not getting this thing still. We have a CONSUMER BASED ECONOMY. If consumption is down, the economy is down. The government , as Yoda explained, becomes the consumer of last resort, to stimulate the economy. Take infrastructure spending: A fine example of government expansion that not only employs labor immediately, but the supply chain of materials and machinery is activated, as well as local small business in the service sector.

An even better example is to show what happens to local economies when government SHRINKS. Bush ended the Space Shuttle program. NASA will not only lose jobs…but think of the lost revenue in the Cape Kennedy ffrom shuttle launch tourism…the supply chains, maintenance, security, etc.
What happens to local economies when military bases close down or relocate?

Think through these things, my friend. Going through life reflexively opposing ANY and EVERY viewpoint that isn’t sanctioned by Roger Ailes or Grover Norquist will leave you ultimately disappointed and feeling betrayed.

J Baustian said:
The US is basically a center-right country, according to annual Gallup polls going back 20 years. The lefties will continue to dominate in the urban centers and on the college campuses, and the independents will determine how well conservative candidates will fare in the rest of the country.

That will last about another 15-20 years. Then the majority will become minorities, and this political worm is going to turn. Why do you think right winged Republicans are pushing to make first time voting so difficult for minorities across America? They see the demographic ice berg on the horizon.

–Cobra

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J Baustian said:
You are incredibly naive if you think that’s going to happen. And worst than naive if you think the government would operated just fine without any political parties. I suppose you think there is no difference between conservative and liberal policies?

I know it won’t. I said I think we should.

s far as parties there is no difference between them anymore. Hasn’t been for a long time. I am No Party Affiliation. Frankly, you are the naive one of you really think they care one iota about you. They don’t. None of them. Both parties were in on TARP. Both parties spent 2.1 trillion dollars between August 2008 and March 2009. Boehner and McConnell pushed the spending. they pushed for TARP as did Cantor. Reid and Pelosi led the charge, but they had a lot of GOP support. And look at what we have now. Still billions to GOP special interests. Still billions to Dem special interests.

Both parties are corrupted beyond repair. Congress is now a permanent campaign, The 112th Congress has set a record for getting nothing done. No House in US history has done less. No Senate in US history has done less. That is the only thing they do bipartisan. Nothing.

J Baustian said:
The US is basically a center-right country

Yep. Center right. Not far right or far left. Yet, what we have in Congress is extremes on both sides. Liars, thieves, ideologues and scoundrels. All of them.

Oh Rick. Yells at middle america from wall street instead of the other way around. Bring the caffeine down guy.

Yoda002 said:
Even the ancient Romans knew this to be true.

And how well did that work out?

The reason people with money are holding on to it is because they don’t know what surprises the -0bama regime has in its box of tricks. There is a strategy at play here by the -0bama regime and that is to incite class hatred and resentment. The liberals are MASTERS at that game, and I could cite a number of examples to illustrate what I’m saying. I’ll bet you could, too, if you allowed yourself that luxury.

Raygun said:
Oh Rick. Yells at middle america from wall street instead of the other way around. Bring the caffeine down guy.

The reason why Mr. Santelli is yelling is that he sees our government driving our country over a cliff by continuing to spend more money than it takes in. I would bet that you don’t continually spend more money than you earn because you know the consequences of doing so. It works the same in any economy–personal or national–when you repeatedly spend more money than you have, you always screw up.

Didn’t this guy have one of these apoplectic fits and become a poster boy for the tea-party? Seems he hasn’t gotten any wiser, believing the national debt can be balanced on the backs of the middle class, the elderly and the poor. Must be nice walking around in $1200.00 dollar shoes every day.

X-3 said:
And how well did that work out?

The reason people with money are holding on to it is because they don’t know what surprises the -0bama regime has in its box of tricks. There is a strategy at play here by the -0bama regime and that is to incite class hatred and resentment. The liberals are MASTERS at that game, and I could cite a number of examples to illustrate what I’m saying. I’ll bet you could, too, if you allowed yourself that luxury.

You misunderstood my answer. That’s some cool FAUX talking points, but in reality it’s the Republicans that want the economy to go down the tubes for political power and their wealthy base will be just fine. I can give many examples.

Yoda002 said:
Who is holding business back?? They have record profits. I know that’s against your FAUX beliefs, but that’s reality. What Market instability?? Look at the stock market The U.S. corporations have very low tax rates in relation to GDP.

Your rather childish and idiotic rant aside; Facts matter…your post has no facts, but is filled with simplistic notions of no value at all in understanding this complex topic, so I’ll help you out.

Whats holding Business back? Government intervention and regulation. The Obama Administration and departments have instituted over 30,000 New Business Regulations. Do you think complying with those regulations is Free? Those regulations cost the American Economy over 1,500,000,000,000 Every Year…with More coming from our Organizer in Chief weekly. Business is cautious because every one of those regulations is a ‘Cost’ to business, labor and our economy.

Record Profits? What planet are you one? 2011 Profit projections are in the ditch, with no sigh of getting out anytime soon. I guess thats why Business failures and bankruptcy’s are near all time highs,

US Unemployment? What you hear at Hufpo, from Obama or MSNBC are not even close to the truth. The Unemployment Number from they put out is the ‘U3 Measurement’ and it does not reflect Real unemployment at all. The true Number is the ‘U6 Measurement’, and that is %16.2!

That is the Real Unemployment Rate..%16.2, like it or not…Facts don’t have friends. The truth you are not hearing from Obama or Reid is things are Much worse than they tell you. I’ll let you in on a little nugget of truth; Things will will get worse still before they get better.

Us Business Tax Rates are low? Nice story Bro…Now some reality. The true level of taxation in the share of GDP cost must include the Tax Cost + Cost of Compliance with Tax Law and regulation…Your GDP figure pointedly ignores that reality. When All costs are included, we are at the top.

Example: If a small business owner has a Tax liability of $75,000 but must spend $25,000 in labor and Professional Fees to be in compliance with the tax code, The TRUE cost of the Tax liability is $100,000, or the Real tax rate is %25.0 greater than reported. This is in addition to the ROI and opportunity cost for capitol the Business no longer has.

The ‘GDP Percentage’ measurement is a game of smoke and mirrors, much like the tax code. For GDP Percentages, the True cost is not included in the tax calculations. The $25,000 is reported as public economic activity which causes GDP to appear larger than it really is, and at the same time distorts the true Tax Rates so they appear smaller. Like I said, Its a way to hide the actual cost to make a political point…but don’t mistake it for an accurate representation of true economic cost.

The Effective Tax Rate is all over the place because of the effectiveness of Lobbyist in bribing Government to write Tax Law to distort economic cost/benefit by political means. Want to ‘Fix’ the Corporate Tax system, expand our economy, Increase Investment and Expansion, and increase Employment and wages? Me too….just drop the rate to @15% and remove All deductions, and do the same with Personal Income Tax.

ISSUE WITH GENERATION Y: Our spiraling National Debt will be bankrolled by their future, so where are their voices?

If we are about to break our national piggybank and default on debt obligations as it nears the $14.3 trillion ceiling, then I ask how high should we tolerate it to go? There have seemingly been no lasting repercussions as the debt has continued to grow larger and without our adult kids getting engaged, I fear nothing is likely to truly change. Why aren’t they leading the charge and challenging our representatives to lower spending floors rather than raising the debt ceiling and responsibly implementing a reduction plan to eventually balance our budget? Is now the time to close our generational divide for a collective “line in the sand”? There are too many baby boomers with other agendas confounding the problem; but their generation should be clamoring for the long-term implications of our nation’s economic decisions and inexcusable consequences likely to be in their not so distant future.

****
I’m trying to side with the future of GEN Ys, not those with the identity of BLUE, RED, or TEA. Unfortunately, many like my 27-year old have their own personal debt issues (student loan, credit card, automobile, etc.) without a printing press to help resolve their employment/income problems. So if not now, then by the time they are suffering these debt showdown consequences in 15-25 years from now and want someone to blame, those who made it happen will be long gone having escaped the wrath from his silent partners today.

Finally somebody with a brain, this Santelli guy is presidential material.

Rink Santelli… the Godfather of the TEA Party movement.

Tedderman said:
Didn’t this guy have one of these apoplectic fits and become a poster boy for the tea-party? Seems he hasn’t gotten any wiser, believing the national debt can be balanced on the backs of the middle class, the elderly and the poor. Must be nice walking around in $1200.00 dollar shoes every day.

Fact: Thank God Tea Party candidates will be a large part of the Obama reversal of Obama care to all other crap he has placed on destroying America.

Yoda002 said:
You misunderstood my answer. That’s some cool FAUX talking points, but in reality it’s the Republicans that want the economy to go down the tubes for political power and their wealthy base will be just fine. I can give many examples.

Fact: Misspelled Fox not Faux. Idiot D-bagger needs to learn to write English before posting Skyfet!

Cobra said:
If you want to leave America and go to Somalia, where social darwinism rules, be my guest. Today’s Republicans, led by Rand “repeal-CRA1964-so-private-businesses-can-racially-discriminate” Paul would call Ronald Reagan a “RINO” and primary challenge him for compromising, making deals and RAISING TAXES. Admit it. The Clowns run the GOP circus right now. More FANTASIES. The Congress was in REPUBLICAN HANDS. Dodd and Frank were NOT in charge of their respective committees. What part of Speaker of the House Newt Gingrich and Senate Majority Leader Frist don’t you understand? Second, banks aren’t “forced” to lend to anybody. It’s the DEFAULT SWAP SCHEMERS on WALL STREET (Santelli’s Boys) that came up with packages like “no income”, “no down payment”, “interest only”, “no credit check”, “adjustable rate balloon” hand-grenade loans that they would float out there, sign somebody up, declare it sound, and pass it on like a hot rock to some unsuspecting European bank while betting on it to default. You almost get the story right…BUT–Of course you blame it on poor black and brown folks, and not the OVERWHELMINGLY WHITE, OVERWHELMINGLY Republican leaning Corporate spiders on Wall Street. You just can’t help yourself, Norbit. –Cobra

I was just about to address the misinformation, but Fishing beat me to it!

GoneFishing said:
Actually they were. When Bush trued to put limits on FM &FM in 2007 and return Traditional Underwriting Standards to the market, the democratically controlled House and Senate refused. Yes, they were. The Gov directive was clear; Banks could no longer use traditional underwriting standards in determining credit worthiness and were told to make the loans regardless of credit history or ability to repay. In many instances Home Loans were made w/o a down payment at all, or any verification of income…because the Federal Government told them they must. These are just the facts. The Government changed the rules, and Banks were forced by the Federal Government to make loans that were insecure. The Banks were threatened and told if they did not make the loans as directed, they would lose their charters and be out of business.

Cobra said:
If you want to leave America and go to Somalia, where social darwinism rules, be my guest. Today’s Republicans, led by Rand “repeal-CRA1964-so-private-businesses-can-racially-discriminate” Paul would call Ronald Reagan a “RINO” and primary challenge him for compromising, making deals and RAISING TAXES. Admit it. The Clowns run the GOP circus right now. More FANTASIES. The Congress was in REPUBLICAN HANDS. Dodd and Frank were NOT in charge of their respective committees. What part of Speaker of the House Newt Gingrich and Senate Majority Leader Frist don’t you understand? Second, banks aren’t “forced” to lend to anybody. It’s the DEFAULT SWAP SCHEMERS on WALL STREET (Santelli’s Boys) that came up with packages like “no income”, “no down payment”, “interest only”, “no credit check”, “adjustable rate balloon” hand-grenade loans that they would float out there, sign somebody up, declare it sound, and pass it on like a hot rock to some unsuspecting European bank while betting on it to default. You almost get the story right…BUT–Of course you blame it on poor black and brown folks, and not the OVERWHELMINGLY WHITE, OVERWHELMINGLY Republican leaning Corporate spiders on Wall Street. You just can’t help yourself, Norbit. –Cobra

GoneFishing said:
Your rather childish and idiotic rant aside; Facts matter…your post has no facts, but is filled with simplistic notions of no value at all in understanding this complex topic, so I’ll help you out.

Whats holding Business back? Government intervention and regulation. The Obama Administration and departments have instituted over 30,000 New Business Regulations. Do you think complying with those regulations is Free? Those regulations cost the American Economy over 1,500,000,000,000 Every Year…with More coming from our Organizer in Chief weekly. Business is cautious because every one of those regulations is a ‘Cost’ to business, labor and our economy.

Record Profits? What planet are you one? 2011 Profit projections are in the ditch, with no sigh of getting out anytime soon. I guess thats why Business failures and bankruptcy’s are near all time highs,

US Unemployment? What you hear at Hufpo, from Obama or MSNBC are not even close to the truth. The Unemployment Number from they put out is the ‘U3 Measurement’ and it does not reflect Real unemployment at all. The true Number is the ‘U6 Measurement’, and that is %16.2!

That is the Real Unemployment Rate..%16.2, like it or not…Facts don’t have friends. The truth you are not hearing from Obama or Reid is things are Much worse than they tell you. I’ll let you in on a little nugget of truth; Things will will get worse still before they get better.

Us Business Tax Rates are low? Nice story Bro…Now some reality. The true level of taxation in the share of GDP cost must include the Tax Cost + Cost of Compliance with Tax Law and regulation…Your GDP figure pointedly ignores that reality. When All costs are included, we are at the top.

Example: If a small business owner has a Tax liability of $75,000 but must spend $25,000 in labor and Professional Fees to be in compliance with the tax code, The TRUE cost of the Tax liability is $100,000, or the Real tax rate is %25.0 greater than reported. This is in addition to the ROI and opportunity cost for capitol the Business no longer has.

The ‘GDP Percentage’ measurement is a game of smoke and mirrors, much like the tax code. For GDP Percentages, the True cost is not included in the tax calculations. The $25,000 is reported as public economic activity which causes GDP to appear larger than it really is, and at the same time distorts the true Tax Rates so they appear smaller. Like I said, Its a way to hide the actual cost to make a political point…but don’t mistake it for an accurate representation of true economic cost.

The Effective Tax Rate is all over the place because of the effectiveness of Lobbyist in bribing Government to write Tax Law to distort economic cost/benefit by political means. Want to ‘Fix’ the Corporate Tax system, expand our economy, Increase Investment and Expansion, and increase Employment and wages? Me too….just drop the rate to @15% and remove All deductions, and do the same with Personal Income Tax.

Great post…But you’re just confusing the libturds with facts….Well, the ones that ACTUALLY believe their own bullshit….

Paul G said:
Great post…But you’re just confusing the libturds with facts….Well, the ones that ACTUALLY believe their own bullshit….

Thx…and my apologies for all the long posts, but the lecturer in me is irrepressible, lol. and I Really wish there was a Edit function.

Mark, this isn’t ‘going bonkers’, this is a typical day with Rick Santelli. If he spoke about financial matters and was lethargic, then they’d call for help.

I expect the passionate and informed viewpoint from the CNBC folks. These job numbers clearly confirmed a stalled recovery, which was hinted at in the last few months. Job growth is clearly stalled by federal and state policies.

Business isn’t worried about the ceiling negotiations, they aren’t hiring because the massive legislation for financial regulations and healh care overhaul are confusing and create uncertainty. This is decision paralysis.

GoneFishing said:
Whats holding Business back? Government intervention and regulation. The Obama Administration and departments have instituted over 30,000 New Business Regulations. Do you think complying with those regulations is Free? Those regulations cost the American Economy over 1,500,000,000,000 Every Year…with More coming from our Organizer in Chief weekly. Business is cautious because every one of those regulations is a ‘Cost’ to business, labor and our economy.

That’s not a fact. That’s a talking point. Be SPECIFIC. Name THREE “new business regulations” you claim Obama installed that you disagree with and let’s debate them openly, right online here.

Cite a source for this $1,500,000,000 ,000 figure you pull out of thin air.

Paul G said:
Record Profits? What planet are you one? 2011 Profit projections are in the ditch, with no sigh of getting out anytime soon. I guess thats why Business failures and bankruptcy’s are near all time highs,

Flat out LIE.

“American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms. ”

http://www.nytimes.com/2010/11/24/business/economy/24econ.html

““Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”

http://thinkprogress.org/economy/2011/06/30/258388/corporate-profits-recovery/

“So as average wages fall, and nearly 14 million people remain unemployed, America’s economic recovery has almost entirely benefited corporations. This development adds another chapter to the decline of the middle class, whose incomes are shrinking and wages are stagnating. Last year, top executives’ salaries increased 27 percent, while workers’ salaries increased only 2 percent. At the moment, income inequality in America is the worst it’s been since the 1920s, as the richest 1 percent make nearly 25 percent of the country’s income.”

Who the hell are you kidding, Gone Fishing? Corporate profits are at the HIGHEST LEVELS ON RECORD. They aren’t :
a) Hiring people
b) Giving real wage increases to their workers.

Why aren’t they hiring people? Because there’s NOT ENOUGH CONSUMER DEMAND to justify it. The goal of business is NOT to be an employment service. The goal of business is make a profit, preferably higher than last year at the same period.

While the double whammy of “shrinking the size of government” means that municipal, state and federal workers are being laid off, adding to the unemployment rolls.

X-3 said:
There is a strategy at play here by the -0bama regime and that is to incite class hatred and resentment.

“Last year, top executives’ salaries increased 27 percent, while workers’ salaries increased only 2 percent. At the moment, income inequality in America is the worst it’s been since the 1920s, as the richest 1 percent make nearly 25 percent of the country’s income.”

And this REALITY soothes hatred and class warfare in what way again?

–Cobra

I think ol’ Rick needs a hearing aid.

Not sure who yells more – Rick Santelli at CNBC or Jane Velez-Mitchell at HLN.

Cobra said:
That’s not a fact. That’s a talking point. Be SPECIFIC. Name THREE “new business regulations” you claim Obama installed that you disagree with and let’s debate them openly, right online here. Cite a source for this $1,500,000,000 ,000 figure you pull out of thin air. Flat out LIE. “American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or noninflation-adjusted terms. ” http://www.nytimes.com/2010/11/24/business/economy/24econ.html ““Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.” http://thinkprogress.org/economy/2011/06/30/258388/corporate-profits-recovery/ “So as average wages fall, and nearly 14 million people remain unemployed, America’s economic recovery has almost entirely benefited corporations. This development adds another chapter to the decline of the middle class, whose incomes are shrinking and wages are stagnating. Last year, top executives’ salaries increased 27 percent, while workers’ salaries increased only 2 percent. At the moment, income inequality in America is the worst it’s been since the 1920s, as the richest 1 percent make nearly 25 percent of the country’s income.” Who the hell are you kidding, Gone Fishing? Corporate profits are at the HIGHEST LEVELS ON RECORD. They aren’t :a) Hiring peopleb) Giving real wage increases to their workers. Why aren’t they hiring people? Because there’s NOT ENOUGH CONSUMER DEMAND to justify it. The goal of business is NOT to be an employment service. The goal of business is make a profit, preferably higher than last year at the same period. While the double whammy of “shrinking the size of government” means that municipal, state and federal workers are being laid off, adding to the unemployment rolls. “Last year, top executives’ salaries increased 27 percent, while workers’ salaries increased only 2 percent. At the moment, income inequality in America is the worst it’s been since the 1920s, as the richest 1 percent make nearly 25 percent of the country’s income.” And this REALITY soothes hatred and class warfare in what way again? –Cobra

Fact: As for the Democrats’ claims that the wealthiest segments of our economy are not paying their fair share of taxes while major poverty programs are undernourished, nothing could be further from the truth.

After crunching IRS revenue data, the nonpartisan Congressional Budget Office reported earlier this year that the richest 20 percent of all taxpayers pay a record 86 percent of all federal income taxes. That’s more than they were paying when Ronald Reagan entered the White House (64 percent) and more than when George W. Bush took office (81 percent).

The tax burden shift came about in part when Bush cut marginal tax rates across the board in 2001 and 2003 from the highest income brackets to the lowest, which he cut by one-third while doubling the refundable child tax credit. That alone removed 10 million low-income families from the income tax rolls.

“In fact, the poorest 40 percent of households now pay zero income taxes, and many actually receive checks from Washington on April 15,” Heritage Foundation budget analyst Brian Riedl wrote earlier this year.

Just4thefax said:
“In fact, the poorest 40 percent of households now pay zero income taxes, and many actually receive checks from Washington on April 15,” Heritage Foundation budget analyst Brian Riedl wrote earlier this year.

You’re staring into a live crocodile’s mouth and expressing concern over cavities.

“Today, the top one percent earns over 20 percent of all income in this country, which is more than the bottom 50 percent earns. Over a recent 25 year period, 80 percent of all new income went to the top one percent. In terms of the distribution of wealth, as hard as it may be to believe, the richest 400 Americans own more wealth than the bottom 150 million Americans. ”

http://www.truth-out.org/sen-bernie-sanders-we-will-not-balance-budget-backs-working-families/1309280399

And your answer? Tax the POOR MORE.

–Cobra

Yoda002 said:
When the private sector is not creating jobs, but keeping the profits from the tax cuts to themselves the Federal Government has to step in to get the economy moving. Even the ancient Romans knew this to be true.

It’s the people in government that, knowingly or not, put no stipulations on the 0% Trillions they poured into the banks!

timcajun said:
NORBIT Jr. says:Obama spent 3 Trillion Dollars keeping public unions funded for two years, with no plan beyond that; and at the same time, just poured money into Wall Street banks at 0% interest – which they promptly invested in foreign banks at 5% return!………………………….Norbit Jr. never met a number he didn’t like to spin. All of his information comes from only “tea sites”. The “tea bubble” will always support your spin and dislikes, but never honest facts!

What are you rambling on about tea sites and bubbles for?
The Fed poured 1 1/2 trillion into the banks at 0% interest, and the other 1 1/2 trillion was spent between his budget and stimulus.

What does tea anything have to do with that?

NORBIT,

Respectfully, as I refuse to deal with COBRA and his Black Theology, revisionist history. Would explain to him that his above Post doesn’t cover the most salient aspect.

That being: 5% pay over 40% of the taxes. Ergo, the Nation and the attendant freeloaders COBRA is so concerned about, survive because of the earning skill of that 5%

What would happen if the Socialists Tax that 5% right out of existence

Thanks Norbit

CNBC is fortunate to have Rick Santelli. Without him, CNBC would have no one with common sense.

This government will “compromise” us into oblivion! At some point, and in some situations compromise cannot be on the table. Never does this government address the massive amounts of outright-theft and mismanagement. Has anyone been to a social security office lately? Take a good look at who’s trying to get on social security. I did, and I can tell you, large portions of the people trying to get on soc.sec, were not the people the system was intended for! Please, do yourself a favor, head on down to you local soc.sec office and take a good look at who’s there. It will disgust you!! And the next time some political-beggar says the system is doing what it was intended to do, you can get in their face with first hand knowledge of just how badly the soc.sec. system is being used, and abused.

This clown Santelli’s 15 minutes were up a long time ago.

Not4thefacts
Fact: Thank God Tea Party candidates will be a large part of the Obama reversal of Obama care to all other crap he has placed on destroying America.

As I’ve informed you before, just because you place the word “Fact” at the beginning of your statements does not make it a fact. Where did you learn that trick…..Fox?
Fact: The economy was destroyed and spiraling into the abyss when Obama assumed the presidency. Fact 2: The tea-party has done nothing which has led to jobs or the improvement of the economy. Aside from being dupes for billionaires like the Koch brothers and the “Dicks” in the Dick Armey’s Freedom Works astroturf movement they’re useless.

Cobra said:
J Baustian said:
The US is basically a center-right country, according to annual Gallup polls going back 20 years. The lefties will continue to dominate in the urban centers and on the college campuses, and the independents will determine how well conservative candidates will fare in the rest of the country.
That will last about another 15-20 years. Then the majority will become minorities, and this political worm is going to turn. Why do you think right winged Republicans are pushing to make first time voting so difficult for minorities across America? They see the demographic ice berg on the horizon

No, you are wrong because YOU assume that there is some vast underclass that doesn’t have picture IDs, so they are not allowed to register or vote. There are a few people who live off the grid or under the overpass who don’t bother with ID; these people do not have the information to pass an informed vote anyway. But in the future, it will simply not be possible to exist without some kind of ID. White, black, hispanic, asiatic, arabic — it will not matter. ID cards will get more sophisticated too, or maybe we will all have implanted RFID chips like dogs and cats.

The goal right now is not to prevent anyone from legally registering and voting — it is to prevent vote fraud. And if you do not believe vote fraud exists, then you must live far from any large city or college campus. Some states are worse than others, because in some states the stakes are higher and certain political groups are willing to take greater chances. The problem is that once a vote is cast, once it gets mixed in with all the other votes, it is too late to determine if that voter was not a US citizen, or if he was registered in more than one state or precinct, or if he was a convicted felon who had not yet had his voting right restored.

If all votes were cast in person on Election Day, we could use the system that works in Third World countries: dipping a finger in purple ink. But we allow people to register in front of grocery stores, and the people who register them get paid commissions so are not that careful who they sign up. Then these new voters can vote by mail — so they never come face to face with any of the officials who are responsible for keeping track of voter rolls.

If some little old lady has been voting in the same precinct for decades, and the poll watchers know her personally, then she is not likely to be registered with ten different names in ten different precincts. On the other hand, there may be a lot of retirees who have a home in New York or New Jersey and a condo in Florida, and they could be registered in both jurisdictions. This may happen more often than anyone wants to admit.

But if the voter rolls were cleaned up, with all the dead people removed and all the people who changed residences, then legitimate voters would not have to be so concerned that their ballots were not being cancelled out by fraudulent votes. And if every voter registration form included a drivers license number or other state-issued picture ID number, then there would still be fraud but it would be much reduced.

If we don’t fix this problem now, there might not be a country in 20 or 30 years when minorities become the majority.

Keeva said:
The 112th Congress has set a record for getting nothing done. No House in US history has done less. No Senate in US history has done less.

I agree with you about the Senate — Senator Reid has blocked consideration of, well, everything. The House has done a lot. It has passed a budget framework for FY2012 — something the Democrats under Nancy Pelosi did not do the last two years. The House is working on the Defense Department budget — I would be surprised if the Senate passes a DOD budget before October, if then. In the committees, Congressman Issa is trying to find out why $10 million in the 2009 stimulus bill went for Operation Gunrunner, that funneled 2500 automatic weapons to Mexican drug cartels. (Remember, no Republicans voted for that stimulus bill. And no Democrats read the bill before they voted for it.)

It was recently noted that only 96 federal judges appointed by Pres. Obama have won approval from the republican controlled house. At this same time during the Bush administration 144 judges had been approved and republicans said it was creating judicial hardships. Oddly though, the same number, 144 were approved during Clinton’s presidency in the same amount of time. With republicans refusing every jobs bill brought by Democrats they are truly the least productive since the 1948 do nothing congress.

In sheer panic, Obamo declared that the debt issue and the weak economy are inextricably linked.

They are not, by any means.

The weak economy will stay weak, and only improve once Obamo is gone. The debt ceiling battle is a whole other issue, and everyone knows this.

A lot of people seem to draw the analogy that it is wrong when the salaries of businessmen/women increase at a rate higher than those who work for them, but this is a false analogy. Those who cite what they believe to be such “facts” fail to acknowledge that the businessmen/women most often work 60-80 hours per week (I once went three years without a full day off and typically worked 84 hours per week when starting one of my businesses).

The class envy crowd also fails to realize that many businesses fail within a year and all the start up capital invested by the businessman/woman is lost forever. (Harland Sanders, for instance, bankrupted NINE times before Kentucky Fried Chicken made him rich!)

Lastly, the class envy crowd ignores the fact that under a free market capitalism system, ANYONE is free to start a business and make millions of dollars–they are also free to fail unless it’s General Motors or Chrysler–which has failed TWICE–and a few banks, only to be stood up again by YOUR tax dollars!

The notion of too big to fail, is probably the biggest lie ever told to the American suckers. Studebaker, Hudson, Auburn, Cord, LaSalle, Crosley, Kaiser, Frazier, Graham, Hutchison, American Motors, Nash, and Packard ALL failed and were not bailed out. These events were a mere blip on the radar screen of economic ventures.

I didn’t mean to digress so much so, back on point: Those who earn the big bucks do so because the DESERVE to earn the big bucks. Robbing the rich to subsidize the poor is a formula for failure. Allowing class envy is also a formula for failure–that’s how the Communist Party succeeded in Russia and how the Nazi Party succeeded in Germany. Personally, I came to the US because I LOVE capitalism–the best economic system in the history of Earth.

pyrope said:
at a rate higher than those who work for them

1st Paragraph, Line 2 probably should have read “at a rate higher than their employees.” My only excuse is that English is my second language.

pyrope said:
suckers.

My compliments on your English skill. Just one comment, spell “suckers,” “thuckers” LOL I’m kidding! Very impressive.

NORBIT Jr. said:
What are you rambling on about tea sites and bubbles for?
The Fed poured 1 1/2 trillion into the banks at 0% interest, and the other 1 1/2 trillion was spent between his budget and stimulus.

What does tea anything have to do with that?

Who was the Treasury Secretary to put that in place? Could it be Paulson? He was just helping his buddies over at Goldman Sachs.

J Baustian said:
The goal right now is not to prevent anyone from legally registering and voting — it is to prevent vote fraud.

Absolute NONSENSE. The emphasis would be on ABSENTEE ballot voters in that case. That’s not the case, is it.

2nd, you’re in complete denial of an America that OPENLY denied or suppressed the right to vote of women and minorities in it’s history.

–Cobra

pyrope said:
A lot of people seem to draw the analogy that it is wrong when the salaries of businessmen/women increase at a rate higher than those who work for them, but this is a false analogy. Those who cite what they believe to be such “facts” fail to acknowledge that the businessmen/women most often work 60-80 hours per week (I once went three years without a full day off and typically worked 84 hours per week when starting one of my businesses).

The class envy crowd also fails to realize that many businesses fail within a year and all the start up capital invested by the businessman/woman is lost forever. (Harland Sanders, for instance, bankrupted NINE times before Kentucky Fried Chicken made him rich!)

Lastly, the class envy crowd ignores the fact that under a free market capitalism system, ANYONE is free to start a business and make millions of dollars–they are also free to fail unless it’s General Motors or Chrysler–which has failed TWICE–and a few banks, only to be stood up again by YOUR tax dollars!

The notion of too big to fail, is probably the biggest lie ever told to the American suckers. Studebaker, Hudson, Auburn, Cord, LaSalle, Crosley, Kaiser, Frazier, Graham, Hutchison, American Motors, Nash, and Packard ALL failed and were not bailed out. These events were a mere blip on the radar screen of economic ventures.

I didn’t mean to digress so much so, back on point: Those who earn the big bucks do so because the DESERVE to earn the big bucks. Robbing the rich to subsidize the poor is a formula for failure. Allowing class envy is also a formula for failure–that’s how the Communist Party succeeded in Russia and how the Nazi Party succeeded in Germany. Personally, I came to the US because I LOVE capitalism–the best economic system in the history of Earth.

EXxon-Mobil, the corporation with the highest recorded profits in the history of the PLANET, receives tax subsidies.

Second, are you saying that the CEO’s and corporate executives of today are working that much “harder” than people in the SAME positions 30 years ago to “merit” these increases?

Third, what does history teach us when one small segment of a population grossly hordes more wealth than the majority?

–Cobra

Cobra said:
EXxon-Mobil, the corporation with the highest recorded profits in the history of the PLANET, receives tax subsidies.

COBRA

Conservatives do exhit hypocrisy, now and then. To use an analogy, frequently used in economic circles: “water should seek its own level.” I agree. HOWEVER, some businessmen like to exceptions and loop holes to their benefit, thus, circumventing the free enterprise paradigm. (or, the preceding quote about water)

The hypocrisy disgusts me as much as it does you. But, I would regulate, police and prosecute, whereas, I believe, you would tear down the system and start over.

I wrote an unpublished thesis called “The False Economy.” As I mentioned earlier, about “water seeking its own level.” A very good example of subverting free enterprise, is moving corporations off shore, or, bringing in lower paid workers. The result is a “False Economy.”

Keeping the price of lettuce artificially low because of low paid farm labor, or, the price of a shirt low because the loom is is Bangladesh, is not the answer. The pure, Patriotic Capitalist, raises his wages to attract and hire American citizens to perform the work.

“BUT that would make the prices go up!” That may be true, however, “Water will then seek its own level.” Moreover, in a short time, as long as the system is “honest,” all prices, wages and goods will balance out, the way a free enterprise system, theoretically, is supposed to work.

Or, we can have a violent revolution, destroy the Nation and our history and be invaded by Islam! Ouch!

CAconservative said:

This government will “compromise” us into oblivion! At some point, and in some situations compromise cannot be on the table. Never does this government address the massive amounts of outright-theft and mismanagement. Has anyone been to a social security office lately? Take a good look at who’s trying to get on social security. I did, and I can tell you, large portions of the people trying to get on soc.sec, were not the people the system was intended for! Please, do yourself a favor, head on down to you local soc.sec office and take a good look at who’s there. It will disgust you!! And the next time some political-beggar says the system is doing what it was intended to do, you can get in their face with first hand knowledge of just how badly the soc.sec. system is being used, and abused.

CACONSERVATIVE,

I completely agree. Right now, in America, there is battle between two political philosophies: Free enterprise, mercantilist, self responsibility and self determination. Ergo, the Philosophy that was born between 1776 and 1787 by our Founders.

Conversely: The seemingly new philosophy of the Democratic Party, which is nothing less than Socialism.

My point CA, is one does NOT compromise with the Devil. Socialism is the spawn Marx and Engels, to even think about negotiations with that philosophy, is to dance with the Devil.

Purveyor

Tedderman said:
Not4thefacts
Fact: Thank God Tea Party candidates will be a large part of the Obama reversal of Obama care to all other crap he has placed on destroying America.

As I’ve informed you before, just because you place the word “Fact” at the beginning of your statements does not make it a fact. Where did you learn that trick…..Fox?
Fact: The economy was destroyed and spiraling into the abyss when Obama assumed the presidency. Fact 2: The tea-party has done nothing which has led to jobs or the improvement of the economy. Aside from being dupes for billionaires like the Koch brothers and the “Dicks” in the Dick Armey’s Freedom Works astroturf movement they’re useless.

Fact: You have no idea what the Tea Party is/isn’t do you?
Fact: The Tea-Party is not really a “party”.
Fact: There is a Democrat in the White House and the Senate –
Fact: You have been duped
Fact: Go read up on the Tea Party and their platform and tell me where they bill themselves as “job creators”

p.s. Do you think that everyone who gets a job should be issued a tag
which they must wear stating under whose tutorship they got said job?

Oh My, your an angry little thing aren’t you…Still interested in attacks based in rhetoric but w/o substance too I see. Well lets get to it shall we?

Cobra said:
Be SPECIFIC. Name THREE “new business regulations” you claim Obama installed that you disagree with

I do not Claim the Obama and Cass Sunstein, Obama’s regulatory ‘czar’ and the heads of over 60 Federal Agencies installed thousands of new regulations costing jobs and capitol…with thousands more on the way; I state a Fact.

If you are interested in specific Regulations. We could start with the 54 page ‘Short List’ given to the Oversight Committee, or you can take a peek at the complete list of almost 2.000 pages of regulations found here; http://oversight.house.gov/images/stories/Regulatory_Responses.pdf

The ‘Elephant in the Room’ is the true Cost of Federal Regulations to every segment of our economy, and the fact these Bureaucratic pronouncements are off-budget, hidden, direct costs of Government intervention to our economy. Nor will it surprise anyone that the focus of these regulations are often motivated by Progressive Political ideology rather than business necessity.

You are right that the annual cost of these regulations is not 1.5 Trillion…It is likely More; that was a ‘Low-Ball’ conservative estimate. The report by Nicole and Mark Crain for the Small Business Administration finds that regulations cost some $1,750,000,000,000 Trillion dollars annually. Again, these are real direct costs to our economy not reported in the Federal Budget, and ignored by Progressive wonks (Yourself Maybe?) as invisible and of no importance or cost to Jobs or growth in our economy at all.

The House is now attempting to put oversight regulation in place that will require Federal Departments to report the cost of each regulation before implementation…a much needed, rational and long overdue change to the process. But it will be no surprise to anyone watching the issue that Cass Sunstein, Obama and his Department Heads are fighting that change tooth and nail. They cant be bothered to justify their actions, or to consider the cost of those decisions on their employers, we the American People.

The Progressive Ideologues Obama put in charge of these Departments, like Obama himself prefer to act as petty dictators. How Dare our elected Representatives question the decisions of an appointed Bureaucrat…These Little Cesars like answering to no one, and want nothing to do with having a realistic appraisal of the True Cost of these pronouncements to our citizens and nation.

More Regulation = Less Economic Freedom = Less Prosperity and a Lower Standard of Living for all. It is what it is.

GONEFISHING,

Apparently, you are engaged in an economic/political debate with COBRA.

As I tend to play in the Philosophical world, that was the nature of my first contact with COBRA. Almost immediately I could FEEL his anti-western proclivities.

When I was College, back in the early 90s, at CU, I had an excellent professor (Who I generally disagreed with) named GLenn Morris. Glenn had a Law Degree from Harvard, and he was the Regional Director of the American Indian Movement.

I had the opportunity to hear Russell Means, Stokely Carmichael, (Kwame Toure) Haani Traask, Jesse Jackson, etc. All speak to his classes in rooms of maybe 30 to 40 people. WOW! Those were educational opportunities, seriously. All of those people held deep grudges for White America, and desired an implementation of revisionist history, to help minorities feel better. Huh!

Professor Morris to his credit, and despite our differences, gave me straight As in every class I took with him (4 or 5) over 4 years. All pre-law courses that spilled over into contemporary issues. Remember the “Columbus Day” arguments were at their peak then, and Morris was at the front of the counter march. (and arrest) LOL

Anyway, COBRA could have been one of Morris Groupies. When he started writing, all I could hear that same ole assertions, that everything western is either evil, or sucks! I tried to engage him in a reasoned dialogue and I could not, ever, overcome the wrote, predispositions.

Just thought I’d share this with you. I am not aiming this directly at COBRA, rather, the unfortunate politics that Creates a COBRA.

Purveyor

Seek
Fact: Go read up on the Tea Party and their platform and tell me where they bill themselves as “job creators”

Exactly, so as I said they’re worthless or useless, either word is correct as what this country needs is jobs. They are the “dupes” as they’re incapable of understanding whose pushing the movement of which they’re merely a tool. Why did Fox, a supposed news organization organize a cross country bus/bandwagon with a guy named “Grift(er)?” Why were they’re(fox’s) APs seen and caught on tape rousing crowds at tea-party events. Why was the Freedom works organization(Dick Armey’s)giving classes to malcontents and people who would never have voted for Obama anyway even before the inauguration?
The first tea-party trained minion was protesting Obama 1 week after he was inaugurated while he was in Ft. Myers, Fl. So just why are things not improving? Tea-party affiliated governors have reduced the number of state workers and made sure they have less money to spend. Florida already had they fewest state workers of any state per resident yet tens of thousands of teachers, firemen and police have been fired of laid off. These same governors have reduced the amount and number of weeks an unemployeed person may recieve benefits even though every dollar paid to these unemployeed places $1.56 into the economy for each dollar they receive. Tax cuts for the wealthy place just .84 cents into the economy for each dollar in tax gifts they recieve and actually are the driving force behind the deficit.

You say I don’t know who’s in the tea-party, it’s the same dullard anti-Democratic morons who show up every time a Democrat is in the whitehouse. They’re the ones destroying our country by insisting nothing changes from the way they wish it would be. Recall the woman seen crying in Kansas the day after the election and saying “I want my country back.” But they’re also the people being duped by the likes of the Koch brothers into thinking as long as the rich get richer, I’ll be fine. Well, as you can see things are not getting better and if tax cuts produced jobs, we’d be swimming in jobs right now. So, I indeed know who they are, and they’re not helping matters one damn bit.

Tedderman said:
Seek
Fact: Go read up on the Tea Party and their platform and tell me where they bill themselves as “job creators”

TEDDERMAN,

I am a Tea Partier. I am holding the TEA PARTY PLATFORM in my hands, right now. Just as The United States Constitution and Bill of Rights, promotes jobs by creating the proper environment to do such…

So too, does the Tea Party Platform. The Platform urges renewed reliance on the Constitution along with diminished Government interference with COMMERCE!

I suspect you have never seen this document that you impudently repudiate. (probably the Constitution too, I’d wager)

PURVEYOR OF RHETORIC

GoneFishing said:
More Regulation = Less Economic Freedom = Less Prosperity and a Lower Standard of Living for all. It is what it is.

You right wingers are absolutely bi-polar on this thread.

You spent the first half of these posts attacking the DEREGULATION of the mortgage and lending markets (the very deregulation outlined in Gramm-Leach-Bliley, and the second half attacking the government for REGULATING “too much.”

GoneFishing said:
You are right that the annual cost of these regulations is not 1.5 Trillion…It is likely More; that was a ‘Low-Ball’ conservative estimate.

Since you won’t cite a specific example…please allow me to use the ones in front of you. Do you know how much money was made by deregulation of the mortgage industry and sub-prime lending? Billions! Of course they made MORE money than when the market was regulated. They could sell crappy loans to people who couldn’t afford them, leverage the risk, and bet on them failing now.

If you REGULATE that business again, of COURSE you can’t make as much fast, easy, casino style money.

Hello?

Surrrrre….businesses can make more money if there weren’t any rules. Is that your ultimate argument?

–Cobra

Looks & sounds like Santelli wants to take Beck’s spot on FOX.
He’s sounding nearly as CRAZY!

Tedderman said:
It was recently noted that only 96 federal judges appointed by Pres. Obama have won approval from the republican controlled house.

You apparently do not know that judicial nominations go to the Senate, not to the House. The Senate, and only the Senate. So if you do not like the rate of approvals, then take it up with Senator Reid or Senator Leahy, the chairman of the Judiciary Committee.

With republicans refusing every jobs bill brought by Democrats they are truly the least productive since the 1948 do nothing congress.

The Republican House has been far more productive than the Democratic Senate.

Cobra said:
2nd, you’re in complete denial of an America that OPENLY denied or suppressed the right to vote of women and minorities in it’s history.

So, you don’t like my country — what country are you from? Why don’t you go home?

Cobra said:
EXxon-Mobil, the corporation with the highest recorded profits in the history of the PLANET, receives tax subsidies.

Yes, it does. It also pays tens of billions in taxes, but some Democrats think this is not enough. So they want to impose additional taxes on XOM and a handful of other oil companies that no other corporations in America have to pay.

Oil and gas companies already pay a higher rate of income tax than other manufacturers — other companies that produce goods or commodities get to deduct 9% from before-tax income, but gas and oil companies only get to deduct 6% and the Democrats want to eliminate this deduction totally. I wouldn’t mind a bit if they get rid of this deduction completely, for all companies, and then lower the corporate tax rate. But that’s not on the table, yet.

When other companies operating overseas pay taxes or royalties to other countries, they deduct those taxes and royalties before their corporate taxes in the US are calculated. But the Democrats want oil companies to pay taxes in the US on money that they already paid to other countries. Again, they only want this to apply to oil companies, not to other multinational companies.

So when you refer to oil company subsidies, please identity which ones you are talking about.

Cobra said:
Third, what does history teach us when one small segment of a population grossly hordes more wealth than the majority?

What does history teach us when a government does not protect the property of its citizens? Often, the people rise up and establish their own informal systems of justice.

What happens when the government steals the property? A number of things. First, people find ways of hiding their wealth from the government. Instead of investing in property or businesses or other productive ventures, they convert their property to assets that are easy to hide or transport, like gold. Second, they take whatever they can and leave for greener pastures — America was peopled by immigrants who came here because they got tired of having most of what they earned taken away from them. And third, they get rid of that government and establish a new one.

There is nothing wrong with the accumulation of wealth, as long as it’s done following the rule of law. And as long as opportunities are available to everyone.

COBRA,

With all appropriate respect, in a paragraph or two, what is your philosophy? Political, Legal, social…

I can do such. Most people here can give you a short essay on their philosophy. Indulge us, as we are not shy about ours! Make it three or four paragraphs, just give us insight as to COBRAS beliefs.

JBaustain
You apparently do not know that judicial nominations go to the Senate, not to the House.

And any republican senator can place an indefinite hold on any of the Presidential nominees, which is what has happened. The question being, if it was such an emergency situation for the Bush administration with only 144 nominees approved, what is it when only 96 have been approved to this point under Obama? Answer: The republicans don’t care as long as they can create havoc.

Tedderman, if I made some ignorant statement (like blaming House Republicans for not approving judicial nominations), I’d want to be a whole lot more careful in the future. I suggest the same policy for you.

So, think before you post. And if you are not sure about your facts, look them up. You do have access to the Internet, don’t you? Or do your employers want you to just post partisan factoids, and do not care about the truth?

Mark Joyella is clearly a socialist or communist  Spend, spend, spend seems your message.  Continue to borrow money to pay government pensions.  Continue to allow Medicaid to give million of dollars in salaries to a “nonprofit” CEO and her mother and father in Charlotte, NC.  No oversight.  Nothing.  Continue to build weapons systems the military does not want but is pushed through by senators and congressmen.  Rick Santelli is one of the more sane people out there.  Passionate, yes.  But right.
Yep.  Mark.  You are one sick puppy.