Well it seems that Obama’s rewards for those who don’t pay their mortgages may be the spark that starts the flame of revolt.
Drudge currently has it as a headline and Rush Limbaugh is currently referencing it.
‘The government is promoting bad behavior… do we really want to subsidize the losers’ mortgages… This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama are you listening? How about we all stop paying our mortgage! It’s a moral hazard’
TRADERS REVOLT: CNBC HOST CALLS FOR NEW ‘TEA PARTY’;CHICAGO FLOOR MOCKS OBAMA PLAN
The Chicago Market Floor and CNBC host mock “THE ONE” and his anti-market, morally hazardous policies.
Watch and smile. Video Here. (I can’t embed it on this page.)
As Rush says….maybe this gives more of us the confidence to get vocal and fight the anti-market Americans in power in the office of President and Congress!
UPDATE: Partial Text of the “Rant of the Year” (H/T: Sister Toldjah):
Becky Quick, in studio: …. Rick have you been listening (to the previous conversation)?
Rick Santelli, on trading floor: Listening to it? I’ve been just glued to it because Mr. Ross has nailed it. You know, the government is promoting bad behavior, because we certainly don’t want to put stimulus forth, and give people a whopping eight or ten dollars in their check, and think that they ought to save it.
And in terms of modifications, I’ll tell you what, I have an idea. You know the new administration’s big on computers and technology. How about this, (Mr.) President and new administration — Why don’t you put up a web site to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages, or would we like to, at least, buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road, and reward people that could carry the water, instead of drink(ing) the water.
Trader sitting near by: What a novel idea! What? Who thought of that!
(traders in the pit start clapping and cheering)
Joe Kernen, in studio: Rick, they’re like putty in your hands. Did you hear –
Santelli: No they’re not, Joe. They’re not like putty in our hands! This is America! (turns around to address pit traders) How many of you people want to pay for your neighbors’ mortgage that has an extra bathroom and can’t pay their bills? Raise their hand. (traders boo; Santelli turns around to face CNBC camera) President Obama, are you listening?
Trader (sitting nearby, goes over to Santelli’s mike): How about we all stop paying our mortgage? It’s a moral hazard.
Kernen: It’s like mob rule here, I’m getting scared. I’m glad –
Santelli: Don’t get scared, Joe. They’re already scaring you. Y’know, Cuba used to have mansions and a relatively decent economy. They moved from the individual to the collective. Now they’re driving ‘54 Chevys, maybe the last great car to come out of Detroit.
Kernen: They’re driving ‘em on water too, which is a little strange to watch, at times.
Santelli: There you go.
Kernen: Hey Rick, how about the notion that Wilbur pointed out, you can go down to 2% on the mortgage …..
Santelli: You can go down to minus two percent, they can’t afford the house!
Kernen: ….. and still have 40% not be able to do it, so why are we trying to keep them in the house?
Santelli: I know Mr. Summers is a great economist, but boy I’d love the answer to that one.
Quick: Wow. You get people fired up.
Santelli: We’re thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I’m going to start organizing.
Also, don’t forget the other sparks of revolution that the MSM didn’t inform you about…protests and rallies all covered by Michelle Malkin:
and this weekend, Kansas:
Overland Park: Calling anti-porkulus activists: Next stop…Kansas
Filed under: Barack HUSSEIN Obama, Conservatism, Economic Stimulus, Economy, History, Liberalism, Patriotism, Politics, Progressives Ain't, Refreshing News, Socialism, Taxes, Welfare | Tagged: anti-Capitalists, anti-obama rallies, anti-pork protests, Boston Tea Party, chicago floor, chicago market, Chicago Tea Party, cnbc host, Drudge Report, housing plan, new tea party, Obama mocked, protests, revolution |