Santelli on Market Rally after Jobs Report: ‘What Are We, A Banana R

September 6th, 2013 10:16 AM
The August Jobs Report showed 169,000 jobs were added, less than many had predicted and revisions from previous months even included a drop of 74,000 jobs. So the jobs total for the month was really just 95,000. The stock market continued to rally, but CNBC’s Rick Santelli, who covers the Chicago Board of Trade, said that such a contrast was upsetting. “What are we, a banana republic?”…

Former Obama Official: Jobs Revisions 'Elaborate Left-wing Plot to Mak

February 1st, 2013 9:28 AM
The Bureau of Labor Statistics on Friday reported upside revisions to the number of jobs that were created in last year's fourth quarter. Appearing on CNBC's Squawk Box, Austan Goolsbee, the former Chairman of the Council of Economic Advisers under Barack Obama, joked, "It’s an elaborate left-wing plot to make the numbers much better several months after the election so that nobody thinks…

Rick Santelli Responds to Negative GDP Report: 'We Are Now Europe

January 30th, 2013 9:59 AM
Rick Santelli made a stunning observation Wednesday about the shocking report that the economy actually shrunk in the fourth quarter last year. "We are now Europe," he declared on CNBC's Squawk Box.

Rick Santelli in 60 Seconds Describes Difference Between Tea Party and

February 14th, 2012 7:35 PM
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):

CNBC's Santelli Schools NYT's Friedman in Ponzi Schemes and Social Sec

September 8th, 2011 4:17 PM
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):

Santelli Predicted Right: No New Jobs in August

September 2nd, 2011 10:53 AM
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…

Rick Santelli Rips CNBC Guest For Calling Tea Partiers 'Freaked Out Wh

August 10th, 2011 12:54 PM
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):

Rick Santelli: 'If It Wasn't for the Tea Party...We Would Have Been Ra

August 8th, 2011 7:09 PM
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…

CNBC's Santelli Corrects Ezra Klein's Economics

August 5th, 2011 1:56 PM
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's Santelli Right, 'Experts' Wrong; Unemployment Spikes to

June 3rd, 2011 10:32 AM
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. (…

Rick Santelli Sounds Off Again on Government Spending

April 7th, 2011 11:03 AM
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…

Rick Santelli Slams CNBC Panelists for Spinning 'Disappointing' Jobs R

February 4th, 2011 10:35 AM
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…

MSNBC Panel Gives Convoluted Explanation of Democrat Backlash; Attacks

November 2nd, 2010 9:06 PM
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. Video Below…

CNBC Finally Embraces Santelli's Tea Party Rant

November 1st, 2010 3:27 PM
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…