Yesterday, ThinkProgress asked progressive pundit Paul Begala for a response to CNBC’s Rick Santelli’s ridiculous — and inaccurate — rant about Obama’s mortgage plan. Begala called it “pathetic” and blasted Santelli, a former derivatives trader, for calling people who had lost their homes “losers.” “Every circus has a clown,” Begala said. Watch it:
The right wing is touting a Rasmussen poll purporting to show that, as Politico put it, America is a “nation of Santellis.” Unsurprisingly, by asking a loaded and misleading question, the poll found that respondents agreed with Santelli’s loaded and misleading indictment of the mortgage relief plan. (Other, fairer polls show that Americans overwhelmingly support the plan).
Ladieeeees and Gentleman!
February 24th, 2009 at 4:20 pmIn the center ring!
The Psychotic Santelli!
nicely said.
February 24th, 2009 at 4:25 pmThe good that came out of this is that Rick Santelli replace Joe the Plumber as the leader of the party. They both know the same about the facts, zero, but that never stopped a good gooper from trudging right along that same old failed path of delusion. Rick Santelli is part of the problem but is too ignorant to realize that.
February 24th, 2009 at 4:26 pmSmelly Santelli, the source of our economic putrid. Nothing says economic screw-up like “derivatives trader.”
February 24th, 2009 at 4:29 pmPolitico is a Pro Repuke site.Their credibility is as good as the Washington times,non,zero ,zilch cred.
February 24th, 2009 at 4:29 pmAmerica is a “nation of Santellis…
– - …that are all Georgians.
February 24th, 2009 at 4:31 pmI like Begala, he speaks truthiness to power….
to wit…
BEGALA: We cannot win with egg heads.
February 24th, 2009 at 4:33 pmWe cannot win with egg heads and African-Americans. OK, that is the Dukakis Coalition, which carried ten states and gave us four years of the first George Bush.
I never heard a single right-winger complain about these exotic loans before the house of cards came crumbling down. In fact, right-wingers campaigned on the “prosperity.”
If they were stupid enough to turn these exotic interest-free, pick-a-payment loans into securities and buy them up like hotcakes and expect a lavish return on the backs of poor- and middle-class people, they’re stupid enough to misplace their criticism about what got us into this mess.
February 24th, 2009 at 4:33 pmBut please, please, please don’t give out the address of Mr. Santelli’s compound in some Ill. suburb. He’s the winner here, you know.
February 24th, 2009 at 4:36 pmWell, he’s certainly no journalist…
February 24th, 2009 at 4:37 pm…as Politico put it, America is a “nation of Santellis.”
Wow. If that’s true, we need to change our name to “Guyana” and get a new “leader” like Jim Jones.
Quickly. Very quickly.
February 24th, 2009 at 4:37 pmSantelli was outraged at citizens bailing out citizens. The much greater outrage is taxpayers bailing out corporations, who fire tens of thousands of workers.
Santelli’s anger should be directed at America’s abysmal leadership. From the board room to our hallowed halls of government, we have greedy, hapless leaders.
February 24th, 2009 at 4:39 pm#12: Wow. If that’s true, we need to change our name to “Guyana” and get a new “leader” like Jim Jones.
– - With a name like ‘Santelli’ I think we have change the name to Guinea.
February 24th, 2009 at 4:40 pmDon’t cry for me Argentina…
America is a hapless third world crony economy. Thanks to the reds and blues and their corporate sponsors.
February 24th, 2009 at 4:41 pmMove over Tweety Matthews a new clown has taken the number one spot and he to gets paid by GE/NBC.
February 24th, 2009 at 4:43 pmTo paraphrase Lloyd Bensen, Mr. Begala I am a clown and I know a lot of clowns. Santelli is no clown. If he is anything in a circus, it is the elephant droppings. (Think about it!)
February 24th, 2009 at 4:44 pmJust so people know AIG is being bailed out, tens of billions, because of its involvement with derivatives traders.
And today they say they are losing another 60 billion and these ‘losers’ are expecting more bailouts.
Let them sink.
February 24th, 2009 at 4:46 pmwhat’s really pathetic is santelli scaring his own kids with his paranoid delusions
February 24th, 2009 at 4:46 pm“Every Circus has its clowns”
I could’ve said it better myself! Where was he when we bailed out coporate CEO who got us into this mess. The same argument Santelli made could easily be said about Wallstreet.
February 24th, 2009 at 4:47 pmIn a battle of wits, Mr. Santelli is bringing a pocket knife to a gunfight….
February 24th, 2009 at 4:48 pmI have said, weeks ago, that the derivatives should be declared null and void.
Paul Craig Roberts [Reagan Treasury Sec] has said the same thing:
We need to stop bailing out these derivatives.
February 24th, 2009 at 4:50 pmSantelli has donned his hypocrite space suit, his helmet of greed, climbed into the rocket of free market myth and pushed the bailout button.
February 24th, 2009 at 4:53 pmRick Santelli – Rick Santorum
There HAS to be a joke there somewhere (besides just the two of them per se, I mean).
February 24th, 2009 at 4:55 pmWhoever created the default swap should be imprisoned. It is supposedly an insurance policy but called swap to bypass regulations of insurance departments requiring actuarial premium setting and requiring reserves to be set aside to pay off losses or defaults. The swap was created so that they would not have to honor the losses. This is a criminal matter and the SEC as well as the lending institutions who practiced this crime should be hauled into jail.
February 24th, 2009 at 5:04 pmBut the U.S. is more like a lifeboat than a circus these days. And we all know the clown is the first one they throw overboard.
Myst
February 24th, 2009 at 5:06 pm…..and he is a lying clown at that.
February 24th, 2009 at 5:08 pmThe rightwingnuts in my local papers are cheering Santelli and his rant – they ignore that Santelli is part of the problem; that the pigs like him on Wall Street have been feeding at the trough for years and selling snake oil to unsuspecting investors. It is the trading of derivatives which exacerbated a growing problem.
February 24th, 2009 at 5:23 pmSantelli is Wall Street’s Joe the Plumber.
“Begala on CNBC’s Santelli: ‘Every circus has a clown.’By Ali”
And the original former President clown, Bobo, certainly created 8 years of hocus pocus in the Oval office is now gone and replaced with an intelligent President.
Hurray, hurray, hurray.. Step right up folks. CNBC [Clown News Broadcasting Company], has their clown Santelli polluting the airwaves with rants. Santelli is certainly in competition with the blowhards and buffoons like O’Reilly, Limbaugh, Hannity, and so on.
February 24th, 2009 at 5:54 pmMcWars Says:
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I never heard a single right-winger complain about these exotic loans
You must be referring to the right winger Chris Dodd who got a sweetheart deal from Countrywide on his two mortgages. As Dodd is the Chairman of the Banking Committee, would Countrywide be trying to buy a little influence? I think it is called a bribe.
February 24th, 2009 at 6:20 pmDeuce Couple, what are you smoking?
February 24th, 2009 at 6:36 pmSKdeA
y’know what they say
every circus has its clown
every troll has its day
February 24th, 2009 at 6:47 pmPerry Logan says: And we all know the clown is the first one they throw overboard.
I hear clown are pretty tasty
February 24th, 2009 at 7:02 pmRasmussen poll is routinely a joke. Oh they do have some polls where they ask fair questions, but outside of the “if the election were held today . . . “type, they are pretty bad.
February 24th, 2009 at 7:20 pmNice little projective rant, Philby, since that is just about exactly what President Obama is trying to undo.
And in case you missed it, your buddies have been fighting it since they already spent billions to get us in this position.
February 24th, 2009 at 7:21 pmBegala is clearly spewing untruths about Santelli: http://www.youtube.com/watch?v=I-1g0OZJIdk&feature=PlayList&p=28F92FD76E8BFCF1&index=37
Santelli was against all of Bush’s ridiculous bailouts. We can’t say the same about most of the republicans and democrats in congress, however.
February 24th, 2009 at 7:33 pmAnd the down side of that?
February 24th, 2009 at 7:38 pm“Instead, spending will go on for five to 10 years.
There is no mystery here, as the answer is simple: These billions in taxpayer funds will fund the Democratic political machine for many years to come.”
Happy days are here again! Jobs! A cleaner environment! Less war! Bridges and highways repaired! Fast rail transit! Polar bears and marsh harvest mice! And more jobs!
February 24th, 2009 at 8:03 pmYou can get a poll to say anything you like and the RepubliCons have sure made use of that.
February 24th, 2009 at 8:45 pmSKdeA Says:
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Deuce Couple, what are you smoking?
Deuce Coupe replys
A quality cigar accompanied by a very dry, cold and up Absolut martini with two olives.
February 24th, 2009 at 8:55 pmSantelli was right. Don’t you get it? Irresponsible home owners who bit off more than they could chew by buying a bigger house than they could afford will end up getting bailed out by the rest of the tax payers who are responsible.
In short, your neighbor who bought the bigger house down the street with an extra bedroom and bathroom using a 5 year ARM at 1% KNOWING FULL WELL THAT THE interest rate would increase gets bailed out.
If you were responsible and actually bought a house that you could afford with a 5% fixed, guess what, you DONT GET JACK. Regardless of how tight your bills may be, you will have the priviledge of paying the taxes that will help bail out your irresponsible neighbor.
I hope you enjoy bailing irresponsible people out suckers.
February 24th, 2009 at 10:28 pmTim43 Says:
“I hope you enjoy bailing irresponsible people out suckers.”
You are talking about the corporate welfare that Bush gave to the banking industry with no strings, right?
February 25th, 2009 at 7:56 amSantelli speaks for me. As an insurance and real estate professional I can tell you that there are investors with cash waiting to buy up these bad mortgages. This bailout has made that impossible. So, instead of smart people taking this and making it a positive, the federal government has interfered so that these “poor people” won’t lose their homes. They had their chance, they failed and now they need to move on. 94% of Americans are having no trouble meeting their obligations. Time to focus on them. They should have never been asked to pay these losers’ freight. Default swap or not, this needs to be allowed to correct itself. No more banks getting off scotte free. No more Barney Franks’ or Chris Dodd’s getting off scotte-free.
February 25th, 2009 at 10:47 amA Patriot Acting Says:
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Tim43 Says:
“I hope you enjoy bailing irresponsible people out suckers.”
You are talking about the corporate welfare that Bush gave to the banking industry with no strings, right?
A Patriot Acting – You might need to reread the this article. We are talking about Obama bailing out irresponsible people who bought houses that they could not afford.
This recent welfare bailout for irresponsible people has nothing to do with Bush’s bank bailout so stop living in the past.
However, if the writer was talking about the bank bailout THAT OBAMA has also urged congress to pass then perhaps we could talk about that topic. Any thoughts on this article from Associated Press Acting Patriot???(http://www.google.com/hostednews/ap/article/ALeqM5gJtu6feXwh3MMv9r9c9mWdZS6DCgD96IAME80 ).
Looks like president Obama is continuing the failed Bush policies by urging congress to bail out the banks too. Please do explain the differences in a Bush bank bail out to an Obama bank bail out.
February 25th, 2009 at 11:58 amMr. Philby Says: 37
YOU are nothing more than an ignorant brainwashed PUNK
February 25th, 2009 at 1:35 pmTim43 Says:
Timmeh. YOU moron. So THIS is what Rush told you to think recenty? You do realize that besides being stupid and brainwashed you are a moron dont you? MANY people were swindled into bad loans and MOST of the bad loans were REFINANCE you incredibly stupid weasel. You are so ignorant its just pathetic
February 25th, 2009 at 1:38 pm