CNBC's Rick Santelli in 60 seconds Tuesday perfectly described the difference between the Tea Party and the Occupy movement.
Responding to a question from "Squawk Box" guest host Arthur Brooks of the American Enterprise Institute, Santelli dispelled the notion that "the Tea Party's done" (video follows with transcript and absolutely no need for additional commentary):
The question of whether or not Social Security is a Ponzi scheme moved from Wednesday's Republican presidential debate to the set of CNBC Thursday.
In a heated debate, CNBC's Rick Santelli and New York Times columnist Tom Friedman argued the issue with them ending up calling each other "idiotic" (video follows with transcript and commentary):
Ahead of the Sept. 2 release of the August jobs report, surveys had indicated the economy had added anywhere from 75,000 to 100,000 jobs that month. But those estimates turned out to be very wrong. Just minutes ahead of the release, CNBC’s Rick Santelli went out on a limb predicting that no jobs had been added in August.
Santelli was right about that number. As CNBC reported just minutes later, not a single job was added overall to the payroll numbers and the unemployment rate stayed at 9.1 percent. The previous two months were revised downward to show an additional 58,000 jobs lost.
Banking analyst Meredith Whitney made a big mistake on CNBC Wednesday calling Tea Party members "freaked out white men who are unemployed" when Rick Santelli was about to come on the program.
Not surprisingly, Santelli after his pre-market interview with Steve Liesman went right after Whitney's foolish comments even making it personal (video follows with transcript and commentary):
For over 24 hours, Obama advisers, Democrat senators, and terminally stupid ideologues in the media have been blaming Standard and Poor's downgrade of America's debt on the Tea Party.
On Monday, one of the only sane voices in the mainstream media stood up and said, "If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB" (video follows with transcript and commentary):
CNBC's Rick Santelli had to explain the economy to MSNBC contributor Ezra Klein on today's Morning Joe (h/t Hot Air). Klein argued that another recession would "move money around in ways that are unfair."
An exasperated Santelli concisely described what was wrong with Klein's characterization of what recession does to an economy:
CNBC panelists and guests always make predictions in the minutes leading up to the Labor Department's release of the jobs report and June 3 was no exception.
While economists Diane Swonk and Mark Zandi and CNBC's own Steve Liesman all made predictions of job gains between 100,000 and 150,000 - Rick Santelli threw his own lower prediction in just seconds before the announcement: 55,000. (Video available here)
On Thursday morning's "Squawk Box," CNBC's on-air editor Rick Santelli sounded off against raising the debt ceiling, the Democrat-controlled congress' failure to pass a budget last year, and "spendthrift" politicians. The rant echoed his famous 2009 diatribe where he called for a Chicago "Tea Party."
"It's a matter of principle. If we can't do the discretionary spending now, what chance do the conservatives have to tackle everything we know?" he said of more budget cuts.
"But you turn on certain channels that are supposed to be news, and they vilify anything to get it under control. They say we're going to kill kids? You know, we will have problems with children if the whole damn country goes bankrupt. Wake up!"
(Video below the break.)
Jobs are heading up and down at the same time. The Bureau of Labor Statistics announced the morning of Feb. 4 that only 36,000 jobs were added in the month of January, but the unemployment rate dropped from 9.4 percent to 9.0 percent.
The mainstream news media will likely latch on to the dropping unemployment rate, despite job gains that were less than one-fourth of the consensus estimate of 148,000 jobs added. One of the CNBC panelists noted that the increase was "way below consensus."
CNBC's Rick Santelli even lashed out at some of the CNBC "Squawk Box" panel that were discussing the latest jobs report. (VIDEO BELOW FOLD)
When MSNBC’s Chris Matthews starts to rationalize the American electorate’s temperate, get out of the way.
On MSNBC’s Nov. 2 election coverage, “Hardball” host Chris Matthews offered his assessment of how the Democrats and President Barack Obama found themselves in such dire straits. He said it started with the left’s favorite boogeyman of the past, President George W. Bush.
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One day before what many say will be an historic election; CNBC appears to finally be embracing one of the most famous moments in the network’s history: A Feb. 19, 2009 “rant heard around the world” by CME Group floor reporter Rick Santelli, which is credited by many for igniting the Tea Party movement.
Throughout the day on Nov. 1, CNBC aired a 30-second spot encouraging viewers to tune into its network for election night coverage. The promo said to tune to CNBC “when the economy is topic A” and concluded with part of Santelli’s famous rant, “President Obama, are you listening?”
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Lately the Fox News Channel’s overnight program “Red Eye” has offered a plethora of media criticism – much of it dead-spot on. Last week during this his “Gregalogue” segment, host Greg Gutfeld took on the so-called “Rally to Restore Sanity” offered up by Comedy Central hosts Jon Stewart and Stephen Colbert.
On the Sept. 29 broadcast of his show “Red Eye,” Gutfeld responded to President Barack Obama’s comments about Fox News he made during a recent interview.
“So President Obama was just interviewed in Rolling Stone magazine -- that thinning pamphlet for our country's dwindling supply of pony-tailed pensioners,” Gutfeld said. “When asked about Fox News, this is what our Commander-in-Chief had to say.”