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Rick Santelli Is Right!

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By EconMatters

Today on CNBC (view clip at econmatters.com) during the coverage of the monthly employment report, Rick Santelli pointed out that there is some absurdity in calling the Republicans “lunatics” when they are the only responsible voice in Washington right now trying to call attention to the out of control government spending in the overall context of an unsustainable federal deficit while the Democrats are running the country into the ground with even additional spending programs that the government has to borrow more money to fund.

 

His point is that if anybody should be labeled a lunatic, it should be the Democrats and those that are encouraging these unsound financial spending policies.

 

I was highly disappointed in the Republicans over the weekend. First of all, the Senate and House needed to have one voice on this issue, and the Senate Republicans threw the House Republicans under the bus by going along with the boneheaded tax increases, and ‘no spending cuts’ deal negotiated by the vice president.

 

Every Senator who voted for that deal needs to lose their seat next election period. But then to add additional pathetic, spineless insult to injury the House Republicans led by John Boehner had a chance to send a message and they shrunk from their responsibility on the issue of being the check and balances to the Democrats spending spree in Washington, and they chickened out when the spotlight was on them to shine!

 

How hard would it have been to amend the deal, and send it back to the Senate? That is how Washington is supposed to work, to get better deals through a negotiation process between the two legislative bodies, sort of defeats the entire need for two bodies if one is just going to rubber stamp the other`s decisions! Boehner is a terrible leader, he needs to be fired, and every member who voted for that deal in the house needs to be replaced for the next election cycle!

 

With regard to the Democrats there is no hope for them, and this is literally their last hurrah as the country is faced with Greek style tough love once interest rates go up to the normal levels again, the US will be put on a budget by China our major creditor just like Greece was by Germany.

 

Rick Santelli then tried to make the point that sound financial principles are in and of themselves good, i.e., the math makes rational business sense. Furthermore, that the government should operate just the way individuals and families do with budgets and within their overall means. The panel rejected this idea stating that government finances are different from household finances. Somehow these government finances are more sophisticated, have more complexity, and are not as straight forward as personal finances.

 

I get that they are bigger, I get that government finances affect more people when they are forced to adhere to a budget, or their “car/bridge” gets repossessed, or that they can just print more money and have a bigger credit card in essence.

 

I get all of that, but the numbers are so out of whack right now from a spending standpoint, escalating 16 trillion outstanding debt burden, and the future trend line with obligations due by 2025, that even with today`s once in a lifetime low interest rates, the country is headed for sovereign default on its loan obligations.

 

Hence Rick Santelli is right, sound financial principles are the same regardless of which level we speak to in personal or government. The government may have a bigger credit line, but that`s the only difference, and it means that the government can dig a far bigger hole and do far more damage than a consumer with a finite credit line.

 

The problem with having creative finance tools that enable the government to kick the can down the road for so long means that the government is actually in far worse trouble than the consumer who reaches a much more containable default level due to a resource stop loss in effect.

 

The consumer runs up 100k in debt, the banks stop lending; they declare bankruptcy at much more sustainable default levels. The government on the other hand, through creative finance techniques can dig such a large hole, i.e., Greece, that the damage can not only take down an entire Country`s standard of living, even after default, but hamper growth in the Euro region even though it is a small component of overall GDP.

 

Just compare the standard of living, and Greek lifestyle of today versus just five years ago. Greece has essentially lost entire parts of their economy due to the effective sovereign default at the hands of creditors. Streets which once thrived with shoppers and business activity are replaced with plywood and graffiti. A modern day ghost town!

 

Now picture the United States and the size of the hole that the US is digging with these creative money shuffling techniques, and the alarm bells should be sounding off right now all over the world. Because by the time you get to Greece`s level where the bond vigilantes make the government face up to the problem, the problem is too far gone. It is too late; there is nothing that can be done about it.

 

Right now we have limited options, but it is still possible, but just barely and with a radical change where everything we have done for the last 30 years of spending, annual budget deficits, and taxation needs to be completely reconfigured and overhauled.

 

 And I am not talking about some tweaks that Washington is addressing now in the dialogue. I am talking a major paradigm shift in budgetary thinking, about 2013 and not having a budget deficit, whatever it takes. And it will take spending cuts; we collect enough tax revenue in this country. It is ridiculous how much tax revenue this country takes in each year.

 

So whatever that number is, we need to spend less than that amount in 2013. That is the first step of the United States 12 step program. Until we balance, and I mean a real balance, not some funny budget gimmicks, the budget everybody in Washington is a bunch of “lunatics”!

 

Moreover, the mainstream media should be chided for not doing their job, and holding Washington`s feet to the fire with regard to implementing sound financial principles into the government budgetary framework, and not busy promoting additional, irresponsible, creative finance workarounds that just dig the country into a further hole by not facing up to the real issue.

 

Balance the freaking budget, develop a surplus, and start paying down the country`s debt! Sound financial principles at work whether in the context of a government or household.

 

Ergo, the media needs to spend less time inventing and promoting “Governmental Coin” budgetary gimmicks and start asking some tough questions of our governmental representatives like, Does the 2013 budget balance with projected revenues? If not, why? What do we need to do to make this the last year where this country runs a budget deficit? Remember, you cannot even start to address the national debt, until you finally have a budgetary surplus!

 

Yes, Rick Santelli given the context of the consecutive years of running budgetary deficits, the size of the federal debt, and the projected obligations going forward, anyone not for major spending cuts in Washington or the mainstream media is an actual “Lunatic”. 

 

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Sat, 01/05/2013 - 20:09 | 3126077 Market Analyst
Market Analyst's picture

good article

Sat, 01/05/2013 - 19:38 | 3126019 RebelDevil
RebelDevil's picture

"Santelli pointed out that there is some absurdity in calling the Republicans “lunatics” when they are the only responsible voice in Washington right now" - BULLSHIT
The Dems are entitlement lunatics, and the GOP are military lunatics.
In short, they're all lunatics!

Sat, 01/05/2013 - 19:53 | 3126045 monogratis
monogratis's picture

We all know that, but at least a few Republicans *pretend* to want spending cuts.  We know they lie, but at least they are lying honestly.

Sat, 01/05/2013 - 19:37 | 3126017 Peter Pan
Peter Pan's picture

I think we are the ones that are truly stupid because we expect the politicians who created the problem in the first place to also be the ones to solve them. Wishful thinking!!!

Sat, 01/05/2013 - 19:55 | 3126052 monogratis
monogratis's picture

I do not expect the politicians to solve these problems.  I expect them to prevent these problems from being solved in order to maintain the illusion that there is no problem.  

 

Individuals must make some hard choices about where they want to be and who they want to be with when all this comes to a head.

Sat, 01/05/2013 - 18:57 | 3125932 toncuz
toncuz's picture

Santelli is another right-wing fraud and his followers are imbeciles.
 
When did you ever hear Republicans talk about the trillions going to the bogus war in Iraq and now Afghanistan or the billions in excess pork profits going to private contractors or the eleven billion going to Israel each and every single year to fund their military civilian massacre machine and their free healthcare?....all while the USA goes bankrupt and my neighbor dies because he can't afford his own healthcare at $900 per month.

No money bill passes unless it passes the House...and the House is Republican majority. The Republicans passed this bill. In fact, the Republicans took over Congress in 1994 and have been in control of America's money for 14 years out of the last 18. There's really only one party to blame for America's fastest decline...ok...90 percent of the blame.  
 
Another fact is that we haven't had a progressive majority in Congress nor President for over 25 years. Anti-union, deregulation and trickle-down economics destroyed the middle-class. Conservatism destroyed America.
Don't talk about "statists"...if there's anthing worse then my elected government screwing me, it's the un-elected "corporate STATE" taking over our democracy...another gift of "conservatism".
Sat, 01/05/2013 - 21:33 | 3126240 gibbs
gibbs's picture

You just gotta luv folks like you - blissful ignorance personified and a wanker to boot.

Sun, 01/06/2013 - 06:02 | 3126728 toncuz
toncuz's picture

Sick Rantelli spews his junk believed by the immensely stupid as he's cheered on by the parasites surrounding him on the trading floor that haven't created a single product their entire "leech off society" lives.

Sat, 01/05/2013 - 19:08 | 3125958 CH1
CH1's picture

No, they are not imbiciles.

Yes, they need to get over parties and politics, but we all start somewhere, and tossing around insults works no benefit.

Sat, 01/05/2013 - 18:19 | 3125884 jwoop66
jwoop66's picture

amazing how small the comments section is on this one.   All the ZH statist shills that usually rant are nowhere to be heard.   I'm speechless that they are speechless.

Sat, 01/05/2013 - 17:41 | 3125804 hplcguru
hplcguru's picture

No one in MSM makes any sense.  

Gore Vidal said the US has one political party with two right wings over 25 years ago.  

The Pentagon/Security State spends over 50% of the Federal budget and this is never mentioned by MSM.

There is never a bank that is too big to fail but since the majority does not know what a bank is they are easily fooled.  A bank is: Depositors which are covered by the FDIC; The top management/officers (not the management of a local branch); The Senior bond holdedrs; The subordiate bond holders; and The Stock holders.  When a bank is insolvent (NOT ILLIQUID): The officers lose their jobs and are usually investigated but now these officers are above the law and more important than the country; The stock holders lose but these important/wealthy people are above the law and will destroy the US before they would allowany  prosecution; The Senior bond hoilders become the next stock holders; The other bond holders may get somethiing but probably not. THEN the bank is re-capitalised.

We are at perpetual war, printing money/debasing the $ and both parties serve the same masters.  The middle class must be destroyed in order for the owners of the Federal Reserve (yes it is a private bank, that is not "Federal" and has never had any reserves) to survive.  After the crash of 1873 the banksters were hung  if and when a crowd got ahold of them.

I am dissapointed in zerohedge allowing this blatent propaganda on their site.

Sat, 01/05/2013 - 20:05 | 3126070 cosmicinsight
cosmicinsight's picture

Your grasp of the situation is more factual than all those psycophants who are either appologists for their masters or do their bidding in the hope and aspirations that more of the same will sustain their lot better.

Sat, 01/05/2013 - 17:39 | 3125798 hplcguru
hplcguru's picture

No one in MSM makes any sense.  

Gore Vidal said the US has one political party with two right wings over 25 years ago.  

The Pentagon/Security State spends over 50% of the Federal budget and this is never mentioned by MSM.

There is never a bank that is too big to fail but since the majority does not know what a bank is they ar easily fooled.  A bank is: Depositors which are covered by the FDIC; The top management/officers (not the management of a local branch); The Senior bond holdedrs; The subordiate bond holders; and The Stock holders.  When a bank is insolvent (NOT ILLIQUID): The officers lose their jobs and are usually investigated but now these officers are above the law and more important than the country; The stock holders lose but these important/wealthy people are above the law and will destroy the US before they would allowany  prosecution; The Senior bond hoilders become the next stock holders; The other bond holders may get somethiing but probably not. THEN the bank is re-capitalised.

We are at perpetual war, printing money/debasing the $ and both parties serve the same masters.  The middle class must be destroyed in order for the owners of the Federal Reserve (yes it is a private bank, that is not "Federal" and has never had any reserves) to survive.  After the crash of 1873 the banksters were hung  if and when a crowd got ahold of them.

I am dissapointed in zerohedge allowing this blatent propaganda on their site.

Sun, 01/06/2013 - 01:20 | 3126574 KingTut
KingTut's picture

Message to anyone who thinks they know how ZH shoudl censor their site: go somewhere else.  If you think  ANYONE should censor ideas on a free-speech forum, you're in the wrong country or suffer from arrested development or both.

The whole point of decmocracy, or a voting republic, is that all ideas get heard and thought through.  If you can't sort your way though a little vitriolic jabber (especially in the comments), then you're simply not ready for democratic discourse.

Ever wonder what it was like to listen to Franklin, Jefferson and Adams have an open discussion: this is it.

Sat, 01/05/2013 - 15:37 | 3125516 Eric L. Prentis
Eric L. Prentis's picture

When Republicans were in complete Congressional control under Bush, Republicans were even BIGGER SPENDERS than the Democrats.

Sat, 01/05/2013 - 16:17 | 3125576 rfaze
rfaze's picture

Right now the U S is climbing a rope that is on fire from the bottom. We have two options, jump and take the pain or keep climbing until we run out of rope and hope that we live. 

With ZIRP and QE we are climbing as fast as we can and nobody is looking down.

 

Sat, 01/05/2013 - 14:59 | 3125484 Loose Caboose
Loose Caboose's picture

Santelli is beginning to come across as scripted.  His outrage is too over the top to be believed.  The anger is forced.  Watch Kelly smirk a few times when she isn't able to get a word in edgewise. i think we're being played.  I never watched CNBC much before - I think I'm going to avoid it altogether like all the rest of the MSM.

 

 

Sat, 01/05/2013 - 14:32 | 3125437 johnjkiii
johnjkiii's picture

Not to worry, the good old boys in DC will do what every gov't eventually winds up doing when finally caught:: They will sieze the asets of private citizens in the name of freedom or patriotism and then we all can go intoo the shitter at the same tiime.

Sat, 01/05/2013 - 14:04 | 3125368 dunce
dunce's picture

The question is convetionally posed as spending more on social prograns and less on miltary, but suppose for once we consider reducing  the military expenditures to 10% of existing levels and calculate the consequences, would it then matter at all after a short time what our social programs were because our new benevolent rulers would continue to fund them?

Sat, 01/05/2013 - 11:34 | 3125129 roadhazard
roadhazard's picture

Econmatters and Rick Sanctimonious must not pay Any attention to repubicans when they are in power. Wingers are only frugal when the Democraps are in power. Prove me wrong, I've been around since Ike.

Sat, 01/05/2013 - 14:57 | 3125481 tsuki
tsuki's picture

Sick Rantelli is a corporate tool.  You are right about the Republicans.  They subscribe to the double Santa Claus theory of government.  When they are in power, it is spend, spend, spend, deficits don't matter.  When they lose power, it's the deficit, the deficit, the deficit, OMG the spending. 

 

The Democrats are just more of the same.

 

We need regime change.

Sat, 01/05/2013 - 11:34 | 3125127 Ned Zeppelin
Ned Zeppelin's picture

"The US will be put on a budget by China our major creditor just like Greece was by Germany."

Um, no. Did you notice the relative size (in terms of wealth and global power) of the latter two countries?  Now apply that to the former countries and do the math.  China might collect its debt or some portion of it but has no means to enforce collection. There is no security for a sovereign government bond - it is a naked uncollateralized promise to pay, and to the extent there might be some enforcement mechanism, at that point it comes down to what really backs up the system: guns and gasoline, which lie much closer to the core of power than mere money.

This is why I say that gold will never be allowed to trump King Dollar, absent some sort of societal collapse triggered by an event that is not-monetary related. The supremacy of the dollar will be enforced at gunpoint if it is not voluntarily accepted as legal tender.  I will grant that the success of that effort depends on the willingness of The People to go along with it. But we enforce fictions and untruths at gunpoint today, I can't see why we would not continue to do so. 

Sat, 01/05/2013 - 11:29 | 3125122 Landrew
Landrew's picture

Again for all those that seem to know little of how the budget is really structured. 

Ronald Reagan on what Social Security is.

http://www.youtube.com/watch?v=ihUoRD4pYzI

Are you calling Ronald a liar?

Sat, 01/05/2013 - 20:16 | 3126086 Just Ice
Just Ice's picture

The treasury fund for social security was (mis)named Social Security "Trust Fund" decades before Reagan.  Further, Reagan was absolutely correct about Social Security not adding to deficits as the funds collected in from social security taxes during the 80's were growing leaps and bounds above the funds being paid out for social security, thus the social security "surpluses" being taken in at that time.

The SS fund was never a true "trust" fund account but rather a treasury account, more specifically detailed at http://www.fee.org/the_freeman/detail/the-myth-of-the-social-security-trust-fund#axzz2H9BdGRNg

Sat, 01/05/2013 - 11:26 | 3125120 hawk nation
hawk nation's picture

Its to late for spending cuts and everyone in washington knows it. Kick the can until it blows up

 

Barter is the peaceful revolution by free citizens to government tyranny

Sat, 01/05/2013 - 10:58 | 3125087 caimen garou
caimen garou's picture

al least rick is one of the few people in msm that says something aginst the screw ups in DC!

Sat, 01/05/2013 - 11:16 | 3125109 Snakeeyes
Snakeeyes's picture

Of course Santelli is right. Look at the chart of expected growth in government spending!!!!!!

http://confoundedinterest.wordpress.com/2013/01/04/housing-angst-u6-unem...

Sat, 01/05/2013 - 10:42 | 3125070 imbtween
imbtween's picture

I'm sick of Santelli. Yeah he makes a rousing speech, but when he made that "are you listening Mister President?" speech, bemoaning the moral hazard of bailing out struggling homeowners and started the friggin Tea Party with it, but remained fuck-you-rick silent about the exponentially worse moral hazard of bailing out his tbtf slime peers, he lost any cred he ever had with me. Sure he complains about expansion of the Fed balance sheet, and QEfinity and so on, but where's the MORAL OUTRAGE? Well, it's only immoral when it helps other people. Fuck you Rick.

Mon, 01/07/2013 - 12:04 | 3129567 flattrader
flattrader's picture

Well, according to some posters here Rick Santelli called for people to Occupy Wall Street and railed against TBTF Banks...but, they have never posted an vidieo clips to those two amazing evets.

Hmmm...???

Sat, 01/05/2013 - 11:19 | 3125111 Everybodys All ...
Everybodys All American's picture

You are part of the problem if you think hand outs to anyone corporate or individual will solve our country's problems. It's no longer sustainable. This government will tell you whatever you want to hear and whether there is any truth in it will not matter to them because they just want reelected.

Sat, 01/05/2013 - 18:30 | 3125895 imbtween
imbtween's picture

You're projecting. I said nowhere that the gov should give ANYBODY a penny. I just said Santelli is a hypocrite because it was a MORAL HAZARD!!! for A but necessary to save the system!!! for B. Yeah he doesn't technically work for a bank but he's a consummate insider and he's benefitted from QE as much as any Wall Street tool.

Sat, 01/05/2013 - 10:54 | 3125079 otto skorzeny
otto skorzeny's picture

he doesn't have anything to do with the banks-he works at the CME-and he has railed against them and all of the shit they still hold on their books.

Sat, 01/05/2013 - 10:34 | 3125064 lakecity55
lakecity55's picture

This will all end in a collapse/consolidation into the "Amero" or something similar.

Sat, 01/05/2013 - 10:27 | 3125058 spinone
spinone's picture

Don't fall for the false Republican Vs Democrat sideshow.  Its just to create the illusion of choice.  They are both heads on the same Corporate monster.

Sun, 01/06/2013 - 15:23 | 3127395 Tigerbait
Tigerbait's picture

corrent a mundo!!!

Sat, 01/05/2013 - 20:18 | 3126098 laboratorymike
laboratorymike's picture

Try getting onto a central committee for one of the two parties. My state's repub party has been almost completely supplanted by Paulites, because no one else even volunteered for the empty seats save for a handful of old guard shills. I'm pleasantly surprised that my congress critters are voting accordingly, but if anyone cares it's the party level, not the general election, where the politics happens, and we need to throw more party officials out.

Sat, 01/05/2013 - 23:35 | 3126407 Just Ice
Just Ice's picture

That's the thing...the party is already established nationwide and recognized by voters and media alike as one of the only two parties apparently deserving of recognition on the ballot or in debates.  It is the people that make an organization what it is, not the organization that makes the people, so the more libertarian thinkers that can take over the party, the better it can be shaped into a truly fiscally conservative party seeking limited, small government and stop sticking its nose into people's privacy and personal lives. 

 

Sat, 01/05/2013 - 10:43 | 3125069 otto skorzeny
otto skorzeny's picture

this article does not refer to that-it is simply showing santelli's disgust with the whole charade. would you rather no voice of reason on CNBC or anywhere else? santelli is the only reason I turn up the volume on CNBC. and there are a few good fiscal repubs but they have to fight the old guard RINOs and the Dems.

Sat, 01/05/2013 - 10:16 | 3125045 Lewshine
Lewshine's picture

The media and the Dems are one in the same - They, together have pursuaded the majority of Americans to believe this behavior on Capital Hill is responsible and sustainable. When the collapse comes, and it will, Republicans and any other body politic outside the Liberal agenda will be blamed...And once again, the couch potatoe people of this Nation will believe it and respond accordingly.

 

Sat, 01/05/2013 - 23:55 | 3126447 Just Ice
Just Ice's picture

Yes.  Unfortunately the liberal agenda has convinced more and more of our society to be government dependent rather than lauding freedom, independence, self-reliance and personal responsibility.  Kids should be taught to think for themselves, depend on themselves and to start saving early in life.  The ability to endure and succeed may depend on these later in life should they suddenly find themselves with no one else to count on when the chips are down.

Sat, 01/05/2013 - 10:13 | 3125042 max2205
max2205's picture

Are you blue in the face yet?

I know I am.

This will go on at LEAST 4 more years and maybe more.

Best to ride any wave they give you till things change

Consider this , they will get the Dow to 26,000, and it'll crash 50% right to where it is today if the EXIT is not done right. But that'll be 4-6 Years from now. They will succeed in not letting a lower low happen on the monthly chart.

Ben will be the greatest chairass in history

Trade the market don't fight it

Sat, 01/05/2013 - 12:34 | 3125200 koncaswatch
koncaswatch's picture

I am blue in the face and tired of it. You have figured out how to out-trade the algos? I haven't, clue me in.

edit: your down arrow not from me. Just askin' an honest question.

Sat, 01/05/2013 - 09:59 | 3125027 batterycharged
batterycharged's picture

Santelli is a monkey that dances for the public, DANCE RICK DANCE! The public loves you when rant....zzzzzzzzzz.

How can anyone claim the Republicans have the high ground? Last I checked Bush cut taxes on the rich then started two wars at the tune of $200 Billion per month.

That's sanity?

Lunacy is admitting the Gini Coefficient in China is the same as the USA then doing all you can to protect tax cuts on billionaires.

That's fucking lunacy.

Santelli is a corporate monkey that gets a bonus for feigning anger when banks and corporations are threatened.

 

Sat, 01/05/2013 - 11:23 | 3125105 Everybodys All ...
Everybodys All American's picture

If the wars are the problem and I agree they are then why hasn't Obama ended them? Obama is planning to go into 35 countries in Africa. Yeah. 35. US drones are being used all over the ME and where is the outrage from the left on that escalation. Deadly silent.

Sat, 01/05/2013 - 10:28 | 3125059 Benjamin Glutton
Benjamin Glutton's picture

no no no...it's time to fire up the 'CEO's Tea Party' again to slay the dragon. After all, if either ruling party were willing to take responsibility for what is to come it already would have been accomplished.

 

So InSantelli, the shill cult hero of the 'CEO's Tea Party', will tell us what we need?

 

Wake me up when he is ranting about the FED and corporate welfare.

 

Ask Hussien. The fix is in...better ask the dead one because the one occupying the whorehouse will not provide an honest answer.

Sat, 01/05/2013 - 09:57 | 3125023 Solarman
Solarman's picture

China will force nothing on us.  In one year the Federal Reserve can buy all of China's bonds.  Then China will have horrific inflation or lose their currency advantage.  Selling bonds to soveriegns is a inflation suppression scheme, and we now have run out of places to stuff them.  China is full, Japan, UK, Social Security Trust, Medicare, U.S. citizen until they are forrced to take them, and the banks.

My view is once the debt ceiling business is out of the way, we go full Monty, Feb bottom in the PM's, then we should see some nice action higher.

Sat, 01/05/2013 - 09:42 | 3125012 dcb
dcb's picture

I can't stand when folks/ pundits start attempting to put blame on one side or another. had the republican leadership been the voice of fiscal restraint during the bush years maybe I'd listen to them. It's the same cast of characters because turn over is so low. the republicans need to toss out their own leadership and decide what they stand for, then stick to those principles, esp when they are in power.

If they want people to back them, well spending cuts need to go along with tax loop hoole cuts for corporations. did they propose any (none that I am aware of. i they pass a perscription drug program, they need to allow government to bargin for the best prices they can. they need to insist their leadership (president) not allow two unfunded wars.

So, it's not as if the republicans are wrong, they are just disgusting liars who when in power don't give a shit about good government finances, but when a democrat is in power want the cuts to make sure he can't get elected again. the republican leadership is so transparent in their hypocrasy it's disgusting.

This is my analysis and you are talking about a gy who hated Obama. You want to save some moiney in healthcare. How about a public option. Biut wait the republicans were against that cost saving method. When republicans start to take a bit out o the pot for their own specail interest groups in the name of good government I'll start to listen to them. until then, no thank you.

the republicans ran a canidate who had months to come up with a budget plan, he never announced. had he done this it could have been proposed. it wasn't. please your over all partisian analyisis is faulty

Sat, 01/05/2013 - 09:45 | 3125015 dcb
dcb's picture

Oh, and I hate Obama, and didn't vote or him. But that doesn't mean I don't know a false lie when I read it.

Sat, 01/05/2013 - 12:26 | 3125191 koncaswatch
koncaswatch's picture

I get your point.

However, we're not commenting on the validity of team red/blue; gave up on that crap long ago. This is like watching a Superbowl where you despise/hate/loath the two teams playing; yet you watch and comment on poorly executed plays and bad calls by the refs. Nothing more. 

Sat, 01/05/2013 - 09:33 | 3125008 dunce
dunce's picture

Santelli would be just another talking head if he wasn't the only one talking sense.

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