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Santelli: "All They're After Is Your Bucks!"

Tyler Durden's picture





 

It seems that there are more than just tin-foil-hat-wearing fringe blogs that have decided to take up the truthiness hunt as CNBC's Rick Santelli exposes the 'fibbing' in statistics that has become more than mainstream thinking. From the 35% 'untruth' of the Clinton-era tax cuts and wage rates (with no explcit wealth assessment and a total ignorance of inflation) to the 75% 'untruth' of the millionaires-and-billionaires tax when it's really on salaries opver $250k; Santelli's blood pressure reaches mercurial levels as he exclaims that Middle Class America should pay attention: How do we expect honesty in negotiation when they're fibbing about truths to such an extent, "all they're after isn't fixing the economy, it's your bucks!" A refreshing three-minute glimpse of reality on a quiet day...


 


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Mon, 12/10/2012 - 15:55 | Link to Comment Seasmoke
Seasmoke's picture

actually it's 80% lie as its 200k on individuals.

Mon, 12/10/2012 - 15:58 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

MDB: Interviews with average Americans

What do average Americans want from their government?

Lucy Johnson, age 60, CT

"I want my government to take care of the old. Times are tough, and my generation is suffering. It's time the young in this country learned to take care of the generation that made this country great. Social security, Medicare and old age benefits take care of the basics, but these programs just aren’t enough. I don't have any savings and I and many others are relying on the young to chip in and give something back to the generation that raised them and gave them everything they have today. Young people are spoiled today – they need to be taught some personal responsibility. "

Mon, 12/10/2012 - 16:01 | Link to Comment Conman
Conman's picture

Welcome to America or as it will be known - Japan Jr.

Mon, 12/10/2012 - 16:25 | Link to Comment Manthong
Manthong's picture

Um,. Rick..

Fibs don’t wreck lives and destroy economies and nations..  lies, fraud and grand evil does.

You are not dealing with well-intentioned fibs.

Get it right.

Mon, 12/10/2012 - 22:15 | Link to Comment AldousHuxley
AldousHuxley's picture

no.....

small traders like Rick are all about bucks.....

 

government elites are about power. power over your happiness. they have decided to fuck with upper salaried professionals now that they are bored raping the lower and middle income.

Mon, 12/10/2012 - 19:40 | Link to Comment overbet
overbet's picture

Lucy, If you cant find Fancy Feast on sale eat your cats. 

Bottom line is:

 

“We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.”

Mon, 12/10/2012 - 16:04 | Link to Comment aerojet
aerojet's picture

Wow, the cold, hard, hand of reality is about to slap that old bitch upside the head!  Nobody gives a shit about the generation that made this country great. By the way, if it is so damn great, why is it circling the drain?  And why didn't Lucy bother to put any money away for herself?

Old people robbing young people is about to come to a hard stop for basic economic reasons--if you can't feed yourself, you sure as shit aren't going to feed some stranger with their hand out.

Mon, 12/10/2012 - 16:22 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

"Why didn't Lucy bother to put any money away for herself"

You make it sound so easy. Not everybody is a millionare who can just spend freely without having to worry about where the next dollar comes from. It's easy for you to criticize Lucy for not saving for her retirement, but the truth is some people have it hard, and don't have many oportunities. That's why politicians are elected: to level out the playing field and create a more equal society.

Mon, 12/10/2012 - 16:25 | Link to Comment bnbdnb
bnbdnb's picture

I guess to her, life must be good enough to continue her fight to survive.

STFU or die.

Mon, 12/10/2012 - 16:31 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

HA HA HA

MDB, you need to stop.  I'm pissing myself.  You are the ZH Troll Catcher!!!

Mon, 12/10/2012 - 16:46 | Link to Comment ACP
ACP's picture

Straight up Norwegian Troll Hunter.

Mon, 12/10/2012 - 16:45 | Link to Comment FMR Bankster
FMR Bankster's picture

Yeah, Lucy is 60, she's a baby boomer, she really had it tough. The depression, WW2, oh, wait, she was born in 1952. How's that peace and love stuff working out Lucy? Maybe you can head to a commune and share costs.

Mon, 12/10/2012 - 17:03 | Link to Comment yrbmegr
yrbmegr's picture

Your sarcasm is noted, and particularly acid.  Congratulations on that.  With regard to your underlying message, a non-cynical observer might hold that policitians are elected to act in the best interests of the entire country.  I would suggest it is not naive, per se, to demand such from politicians, but it is probably naive to expect it generally.  However, all politicians are not equally mendacious.  Upon careful observation, one might observe signs of below-average mendacity in some politicians.  One might even dare to hope that such politicians accumulate enough influence to broadly affect policy for the benefit of all.  Beyond that it is probably not safe to venture.

Mon, 12/10/2012 - 21:03 | Link to Comment michiganmaven
michiganmaven's picture

You have to be a millionaire to spend less than you make in a year? That's called savings... make $85k just spend $75k.. pretty simple !

Mon, 12/10/2012 - 16:28 | Link to Comment Ben Dover
Ben Dover's picture

Why didn't she put money away?

Well, she could have been an idiot. Or she could have just fallen for any new car, house or appliance that got coughed up and onto a TV commercial. Or she could have just been broke ass all her life. Not everyone can have a job that makes them money, enough to live on and put away. The charts that have popped up on ZH today have shown that a lot of jobs are being created today are part time make work shit with no future. Those jobs weren't as prevelant during the 80's when she was younger, but they existed. As for buying shiny crap pitched from the tv, a lot of that crap powered the economy and made the numbers look better. Without idiot spending and without the fraud we couldn't have seen the boom.

Mon, 12/10/2012 - 16:52 | Link to Comment bigkahuna
bigkahuna's picture

Is this justification for confiscatory taxation by the feds? Because they know best right?

Mon, 12/10/2012 - 17:11 | Link to Comment yrbmegr
yrbmegr's picture

No, it sounds to me like a defense of the less well-off from the prejudice of the rich.  Less well-off people are not uniformly lazy, stupid, or reprobate.  For example, Lucy might have contracted a rare disease, for which the treatment cost 5 million dollars.  Lucy might even have been more modestly affluent, having saved money her entire life, and might have been wiped out by a mere breast cancer treatment.  These days, people frequently get expensive ailments long before they have to die, and they survive the illness only to struggle onward in destitution and die in penury.  Let us not be hasty judges in our youth, only to be indicted by our own judgments in our old age.

Mon, 12/10/2012 - 18:14 | Link to Comment The_Dude
The_Dude's picture

Strawman!!...Strawman!!...come and get your Strawman!!

Mon, 12/10/2012 - 21:46 | Link to Comment BraveSirRobin
BraveSirRobin's picture

Lucy may have won the lottery, and spent it all on a sex change operation, decided she did not like being a man, and got another sex change operation back to a woman. Or, she may have taken a trip to Vegas and lost it all on a bet on number 32. Or she may have blown it all on a giant cheese mountain that rotted in the sun. You can make up anything you like about Lucy. Facts are, she should have been putting away money for the future and not relying upon forced extraction of the wealth of her compatriots to see to her needs. We are all for charity, but theft is not charity. No matter what her condition, please tell me the moral basis for demanding anything from anyone.

And by the way, I made $2.50 on my first job (my employer was paying me below minimum wage, but I was also underage and needed the money), and even then, I saved part of it, and have done so my entire life, dipping into my savings when I really needed to pay debts freely incurred, or buy necessities. I am such a sucker. Actually, no, it's Lucy who is the sucker; a blood sucking leach on the accumulated wealth of society.

Mon, 12/10/2012 - 17:17 | Link to Comment myptofvu
myptofvu's picture

Hey she kept moving the football every time Charlie Brown was going kick it, I say she gets what she deserves. And what about all that money she made from her illegal Psychology practice?

Tue, 12/11/2012 - 00:36 | Link to Comment Chuck Walla
Chuck Walla's picture

Old people robbing young people is about to come to a hard stop for basic economic reasons--if you can't feed yourself, you sure as shit aren't going to feed some stranger with their hand out.

Why not? Its been going on for nearly 50 years. The difference now is people are taking notice. They are the minority paying for it, but they have pulled their heads out and sniffed some clean air for a change.

FORWARD SOVIET!

Mon, 12/10/2012 - 16:05 | Link to Comment CommunityStandard
CommunityStandard's picture

I wish I could tell Lucy to her face that I wouldn't give her a dollar.  She didn't raise me - my parents did.  And they're the only ones who should get any money from me.

Mon, 12/10/2012 - 16:23 | Link to Comment Bastiat
Bastiat's picture

Did you go to public school? Were your parents the only one who paid school taxes?

Mon, 12/10/2012 - 16:34 | Link to Comment maximin thrax
maximin thrax's picture

We all pay taxes towards education, whether we have childern or not, whether they utilize public education or not. Even the people who are counted on to be paying taxes to subsidize the lifestyles of retirees are paying taxes towards funding education at the same time.

Mon, 12/10/2012 - 17:25 | Link to Comment donsluck
donsluck's picture

"paying taxes to subsidize the lifestyles of retirees"? Are you referring to Social Security? Which ran at a SURPLUS for the vast majority of its' existence, was intended as a TRUST (hence the term entitlement, as in I ALREADY PAYED FOR IT), which was intergrated into the Federal budget to offset excessive spending, using the SURPLUS as a credit. Fuck you, fuck those who want to STEAL MY TRUST MONEY that I payed into for 30 years. Fuck you.

Mon, 12/10/2012 - 17:46 | Link to Comment Saro
Saro's picture

The federal government stole your money, spent it, and left a bunch of IOUs in it's place.  If you "want it back", they are going to have to steal even more from other people to do it.

You might be okay with that, but I'm not.

Mon, 12/10/2012 - 18:07 | Link to Comment boogerbently
boogerbently's picture

Here's why all you "screw the retirees" get no respect.

You are saying it's OK to steal from us, but NOT OK to steal from you.

When what you SHOULD be saying is it's not OK to steal.

As far as the "stolen money" goes, why don't we defund the programs using my retirement $$$ rather than my retirement.

You guys really need to see the error of your thinking on this subject, before they come for you.

Mon, 12/10/2012 - 18:14 | Link to Comment blunderdog
blunderdog's picture

You're harboring from a misconception, though: "Social Security" was never a trust.  It's always been a system of taking taxes and giving the money to old folks. It was "marketed" as a trust to make selling it more appealing, but that was just PR.

I don't fault anyone for having that misconception if they've never actually looked into how things work, but if you're reading these articles and posting comments here you really MUST KNOW by now that there's no "fund."

Social Security is an entitlement program that exists by FIAT.  It has already been changed several times.  It will be changed again.  Your use of the word "stealing" is predicated on a false assumption.  Sorry 'bout that.

Mon, 12/10/2012 - 18:24 | Link to Comment exi1ed0ne
exi1ed0ne's picture

Just face it - the money is GONE.  Spent.  Poof!  Taking from the next generation to right the crime against you only makes another victim.  I've been paying into SS for 40 years, and I have no illusions on how much my SS check will be.  I'll also be damned before I support plundering future generations to make up for the funding gap.

We were taken advantage of by the government because some believed Gov't would be a more honest steward than themselves.  I look at it as a positive thing for future generations.  The Epic level of fucking over that is coming to the boomers should burn into the minds of the young on how trustworthy Gov't is.  For a generation or two anyway.  It's kinda wierd, but I take great solice in that knowledge.

Tue, 12/11/2012 - 00:11 | Link to Comment StychoKiller
StychoKiller's picture

Time to bail out, then:

                                                         Jxx Sxxx
                                                   c/o postal service address:
                                                    1234 Main St.
                                               Anytown, Mxxx CF5xxx-xxxxCF

                                                       Social Security Acct.
                                                       No. xxx-xx-xxxx

                              December 7, 2012

Commissioner of Social Security
Social Security Administration
6401 Security Blvd.
Baltimore, Maryland 21235

RE:  Notice & Praecipe, Power of Attorney Cancellation & Divestment.

     Greetings:

You will please take notice that I recently discovered: 1) that there is a power of attorney Consent attached to the above-numbered social security account and;

2) that there are certain purely political liabilities and obligations attached to said account which, if either of these two facts had been fully disclosed to me at the time I was induced to authorize the opening of said account in my name, would have most definitely dissuaded me from doing so.  It is my further understanding that the power of attorney aspect is not and never was necessary to the performance of the contract between the parties to said social security account.  For these reasons and on that basis, I am hereby repudiating, nunc pro tunc, the said power of attorney Consent effective the date of opening of said account.  Said power of attorney, whether general, limited, or implied, is hereby expressly withdrawn and reserved until further notice.

You will please take further notice that I am most displeased with the gross mismanagement of the social security trust funds by an irresponsible Congress who have depleted the same to a state of insolvency.  Prudence dictates that I must therefore and do hereby Declare void any and all forms, cards, documents and Instruments bearing my signature which may evidence my Consent and authorization in connection with the said social security account.  I renounce all association with the political person bearing my name and disclaim and and all the purported benefits, liabilities and obligations attached to the said person in conncetion with said account.  I will attend to and provide for my own old age support by alternative Private means.

You will also forthwith please notify and and all interested parties of this Elector status change and action as well as direct/order that all forms, cards, documents and Instruments bearing my signature in connection with said account be amended to well and truly reflect this change.  No answer to this instruction is required, but acknowledgement of compliance would be appreciated.  In the event you are unable or unwilling to comply with this instruction, I shall alternatively require of you evidence of your Article VI Oath of Fidelity as well as the policy number and name and address of the underwriter of your Bond.

                                                        Respectfully,

                                             Jxx Sxxn, Mxxx Elector

   cc: file

Mail the original to the MIFWIC using a certificate of mailing.  Keep a copy along with the certificate of mailing.  You're also going to have to place your state and local authorities as well as the general public on notice of this change so they may have opportunity to adjust to this new state of affairs.  Have your County Clerk record into the misc. records your originally-signed letter.  Retrieve the original letter and send it to the Feds.

Mon, 12/10/2012 - 18:35 | Link to Comment Saro
Saro's picture

When did I ever say that it was okay for them to steal from anyone? 

I said that it was not okay to steal from the current generation merely because they stole from the previous one.  If a man robs me at gunpoint in an alley way, I am not justified in sticking around that alley to rob the next person who comes through in the name of "getting my money back".

Mon, 12/10/2012 - 20:01 | Link to Comment devo
devo's picture

So you're comparing a Federal crime to paying into social security, and this is supposed to rile up our moral compass? Good one.

Mon, 12/10/2012 - 21:29 | Link to Comment boogerbently
boogerbently's picture

You guys are 0 for 3.

B-Dog,

It is YOU that are laboring under a (convenient) misconception. SS was a separate fund, set aside for the SOLE purpose of paying us back. The fund was SO well designed, it had a HUGE surplus. The DC crooks moved it to the "general fund" so they could pillage it.

E-One,

Boomers won't be F'd over, there's too many of us and we VOTE. (and it is our money, we paid it in)

I don't care if the "next" generation has to pay for me, because (judging from the comments here) they don't care if I get cheated. We'll see if they have any more luck NOT getting screwed than we did.

Saro,

The logic of your "alley robbery" analogy is flawed. You're saying robbery isn't wrong, just robbing YOU is wrong. You WILL pay for me, and we'll see if you have any better luck making these crooked politicians behave. Remember, your kids will blame you for allowing obamacare. Wait until you see how much THAT costs us.....YOU. (That law was passed on YOUR watch)

 

 

 

Mon, 12/10/2012 - 22:14 | Link to Comment bigdawg
bigdawg's picture

Look, I understand if you are pissed off about the government looking at cutting SS but even you have to acknowledge that FedGov has been looting that pile of money for several decades now. 

In truth, what has happened is that for several decades, everyone turned a blind eye when the government was spending their SS money on that year's budget.  You, and by you, I mean your generation was responsible with ensuring that the government wasn't doing that...but your generation let it happen.  I knew back in the early 90's that SS was fucked and just figured that I would not count on that money.  Why didn't you know that?  I was 20 years old at that time.

And as far as SS goes, it is just a pay as you go system.  There is no trust fund.  It just goes to the general fund and is just another tax.  I've known that for over 20 years.  Why don't you know that?

If the government used GAAP accounting, the public would know that the real deficit is currently running over 5 trillion dollars EVERY year. 

So, if you think the younger generation even has the ability to fund your retirement, think again.  I'll be looking out for me and mine.  I suggest you do the same.  If you're pissed, go yell at current and former legislators.

Mon, 12/10/2012 - 18:29 | Link to Comment The_Dude
The_Dude's picture

Trusts have a finite capital reserve.....you are asking for an perpetual payment until you die that will likely far exceed the pricipal + interest generated.

It is more appropriately represented as a Ponzi that we are all forced to participate it.  We will all loose when it collapses.

You disgustingly would like to perpetuate the ponzi longer as you think you will benefit from it more in the long run and have no moral qualm about stealing from the younger generations....

Mon, 12/10/2012 - 20:16 | Link to Comment devo
devo's picture

The government loves that the middle class are fighting with one another about SS, as it takes focus off them. If we'd all ban together and disband SS they, along with the wealthy, would love it. People who want to disband the program without restitution are either govt employees disguised, or the Koch brothers' propaganda got into their head at some point. Now they're on a so-called morally enlightened mission where they can't steal from their neighbors (i.e. the next generation). Give me a break.

Real message: disband it if we must, but those who paid in demand restitution (e.g. land, resources, vacant home, gold reserves, etc).

Mon, 12/10/2012 - 19:49 | Link to Comment Dixie Frank
Dixie Frank's picture

As you write, there IS no trust.  Wasn't it sometime in the early 70's the SS funding and payment mechanism was moved to the general fund?  Ever since then the SS "surplus" has been spent by CONgress and the President's signature via the federal budget: 40ish years.  My parents are both 64.  They started collect SS at 62 because they don't believe it is going to be around much longer.  My point to them, and they agree, it's the boomers fault.  The largest voting block in our nations history-the boomers-let the government spend every penny of their SS surplus for 40 years.  My folks admit, they just weren't paying attention.  donsluck, good luck sir, SS isn't going to last too much longer.

Mon, 12/10/2012 - 23:50 | Link to Comment boogerbently
boogerbently's picture

Despite all your whining, you WILL pay because of what you stated:

"The largest voting block in our nations history-the boomers"

You will pay for us AT LEAST until you outnumber us. LOL

BTW, YOU are the generation that "idly stood by" while YOUR govt. passed the NEXT great loser social program...obamacare.

Start working on your excuses for your kids.

Fri, 12/14/2012 - 11:25 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

You mean "start arming up and for those who will not, start emigrating"

Fixed it for you.

Tue, 12/11/2012 - 00:02 | Link to Comment StychoKiller
StychoKiller's picture

Pay attention here:  YOU are the TRUSTEE, NOT the beneficiary.

Mon, 12/10/2012 - 16:58 | Link to Comment bigkahuna
bigkahuna's picture

I do not see why people keep coming up with excuses for the feds to take yet more and more. I believe the feds are far more "wise guys" than "smart guys". If you want the feds wasting more of your money and leveraging up on it to confiscate even more massive sums from future generations, then - go for it - keep justifying it.

 

USA! USA! USA!

 

go on.

Mon, 12/10/2012 - 18:20 | Link to Comment The_Dude
The_Dude's picture

Plenty of people don't go to the indoctination camps and are still forced to pay for them.

Mon, 12/10/2012 - 18:25 | Link to Comment mercenaryomics
mercenaryomics's picture

You didn't learn that. 

Mon, 12/10/2012 - 21:55 | Link to Comment BraveSirRobin
BraveSirRobin's picture

Did you buy a car? Where you the only one who paid for a car? I am completely lost to your logic.

Fact is, through property taxes, I will put very many of other people's kids through school. I do not think I have ever received even so much as a thank you note from anyone. And many I help put through school will squander the opportunity and become destructive and dangerous citizens who I will also have to support in the provision of their most basic needs, and then some, like a cell phone.

And people think they have a right to the product of my labor. I am reduced to no more than a common slave to the government and its preferred constituencies.

 

Tue, 12/11/2012 - 00:38 | Link to Comment Chuck Walla
Chuck Walla's picture

Did you go to public school? Were your parents the only one who paid school taxes?

They all paid taxes for the greater good of an educated populace. Now, we all pay taxes for a willfully ignorant majority to live because they are, in fact, willfully ignorant.

FORWARD SOVIET!

Mon, 12/10/2012 - 16:28 | Link to Comment BlueCollaredOne
BlueCollaredOne's picture

When are you people going to realize that MDB is simply a character that the author uses to show the absurdity of some people's positions?

 Every post of his/her's should be upvoted, and then passed over.  No one should retort his posts, it makes it seem like you're not paying attention.  

 

Mon, 12/10/2012 - 16:29 | Link to Comment bnbdnb
bnbdnb's picture

I argue just for fun too.

Mon, 12/10/2012 - 16:34 | Link to Comment TN Jed
TN Jed's picture

We all make a market?  Thank god for fools.  Making life easier since dawn.

Mon, 12/10/2012 - 17:51 | Link to Comment cossack55
cossack55's picture

Are you so sure that you are not a ZH construct created by "the architect" (who must be Tyler Durden)?  I am becoming more convinced I am as th red pill kicks in.

Tue, 12/11/2012 - 04:36 | Link to Comment sadmamapatriot
sadmamapatriot's picture

I know it is Million Dollar Bonus sarcasm but I have to downvote that  shit, no matter how funny his wit is. 

Fri, 12/14/2012 - 11:22 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

the MDB algo is a fishing expedition.

Not only is it trying to gauge sentiment by responses but it also has the toppling effect that if everyone up-voted & no one replied snidely then readers who NEVER comment would somehow think a) this is a proper view for zerohedge to follow MDB literally or b) MDB is so full of nonsense with no retaliation from Zerohedge commenters that Zerohedge itself should be ignored.

Thumbs down automatically forever. Period.

I'll thumbs up a person who says MDB was funny, clever, etc., if I feel like it but never a thumbs up directly for MDB.

Mon, 12/10/2012 - 16:07 | Link to Comment tip e. canoe
tip e. canoe's picture

note to Lucy: did your generation do that for your folks or did you push that responsibility onto the government without nary a second thought?   oh by the way, did your generation's stewardship of the economy result in an overall standard of living for the next generation that is able to provide enough disposable income available after food, housing, medical, education, taxes, etc. so as to provide for their elders as you so admonish them to do?

Tue, 12/11/2012 - 00:47 | Link to Comment Chuck Walla
Chuck Walla's picture

note to Lucy: did your generation do that for your folks or did you push that responsibility onto the government without nary a second thought? 

Um, depending on her generation, there was a time when government had less of a roll. And that roll was the County Farm.  Folks used to stick together and take care of each other to the point where a stranger could stop at a farm and ask for food and get fed, no problem. Not like that now. Read some Depression or earlier history, it was a friendly place full of real citizens.

 

When my mother went to DC with her folks in 1924, they camped in city parks, there were no motels, just hotels. They showered on occasion at the high schools. It was a lot nicer time with a far greater sense of Community than the "Community Organizer" has. His "community"  is about slavery, not about being friends.

FORWARD GOOD-BYE, AMERICA!

Mon, 12/10/2012 - 16:14 | Link to Comment bnbdnb
bnbdnb's picture

Lucy,

Quit being so selfish and die already.

Mon, 12/10/2012 - 16:31 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

 

 

 

I don't have any savings

+

Young people are spoiled today – they need to be taught some personal responsibility.

=

Omerica

Mon, 12/10/2012 - 16:43 | Link to Comment RET
RET's picture

Lucy is 60, which means she was born in 1952, graduated high school in the summer of love, 1969 or maybe 1970. 

She is assuredly NOT part of the generation that made America great.  She is part of the "me" generation that has tanked America.  She has no savings because she didn't save for a rainy day like her parents or grandparents did.  She doesn't have enough (or any) children to help her in her old age due to her own selfish choices.  Any children she does have were certainly imbued with her selfish attitudes and have no mindset towards helping their dear old mum, that's society's job.

Lucy, you should have been taught some personal responsibility.  Stop asking for the youth to bail you and your hippie generation out.

Mon, 12/10/2012 - 16:51 | Link to Comment pods
pods's picture

I'm sorry, exactly which generation do you speak of that made Amerika great?

pods

Mon, 12/10/2012 - 17:03 | Link to Comment RET
RET's picture

Her parents' generation has been called, by her parents' generation, the Greatest Generation.  I can only assume that is the reference in the original MDB post.  That generation certainly did some great things, but they also did some horrible things, like usher in Social Security and the Great Society.  Their parents ushered in the Federal Reserve and the New Deal.  And their parents ushered in popularly elected Senators and the Income Tax. 

So, the generation that made America great was probably born in the 1740s, or so.

Mon, 12/10/2012 - 17:23 | Link to Comment pods
pods's picture

Gotcha, I always get my panties in a wad when I hear people speak in terms of a greatest generation, so that was the reason for my question.

It drives me batshit crazy (not that hard to do actually) when I see people argue about which generation is the best.  Like the couple of generations in America: Is it the one that set up the great ponzi? The one that benefitted the most from the great ponzi?  Or the one that saw the destruction of the great ponzi, but had the most taken/least returned from it.

Mistakes will always be made, and I am willing to give average people the benefit of the doubt about what goes on in their lives.  Now, bankers, I know that they know exactly what I know. And they will be held accountable someday.

pods

Mon, 12/10/2012 - 19:29 | Link to Comment Shizzmoney
Shizzmoney's picture

We might be dead before that happens, Pods.

Mon, 12/10/2012 - 17:05 | Link to Comment bigkahuna
bigkahuna's picture

The industrial pioneers and the workers who fulfilled their visions were mostly gone before the second World War. That era stands as a by-gone reckoning for all of us.

Mon, 12/10/2012 - 17:16 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

I think there was only one. They were around in 1776 or there'bouts. The rest couldn't keep up. They might have fought in a "moral" war in WW2 but that didn't establish Merika's greatness, just its might.

Mon, 12/10/2012 - 17:20 | Link to Comment markovchainey
markovchainey's picture

I'd like to know how much Lucy helped out her parents.  She grew up in the sweet spot where the Ponzi was in its prime. 

 

(I love MDB's posts.  It means I don't have to watch the news channels to see what talking points are being spewed.  But I think MDB must be getting a bit pissed off right now because this was such an obvious softball!)

Mon, 12/10/2012 - 16:48 | Link to Comment Gimp
Gimp's picture

Love that last line - "personal responsibility", does Lucy, age 60, in CT not see the irony here.....we are all F***ed.

Mon, 12/10/2012 - 17:01 | Link to Comment pazmaker
pazmaker's picture

Lucy must not of read Proverbs...Proverbs 13:22 A good man leaves an inheritance for his children's children

Mon, 12/10/2012 - 17:09 | Link to Comment insanelysane
insanelysane's picture

Lucy is the generation that put into social security and then had their politicians raid social security instead of raising taxes and now Lucy thinks she should have all of that social security she paid in completely forgetting she already spent it once.

Mon, 12/10/2012 - 18:56 | Link to Comment Venerability
Venerability's picture

I really don't know where that supposed "interview" is from, but it is pure propaganda, nothing more.

The views of the so-called speaker in the story are those of the typical 80-year-old - the Boomers' parents - not of the typical Boomer.

You will either get the views of my generation CORRECT, or just cease and desist using them for pure purposes of disinformation.

You want to interview "typical" Boomers of the oldest cohort, interview Mitt Romney or Hillary Clinton or John Boehner or Bob Corker or David Axelrod or Jamie Dimon or Lloyd Blankfein or Larry Fink or . . . . I'd be happy to give you 500 or 1,000 more to talk to.

Boomers, aged only 48-66 in 2012, are the best-educated and most sophisticated generation in American history.

Most of us have no intention of retiring anytime soon - if ever.

We are 1/3 of the US population and about 1/2 of activist voters.

We are the overwhelming bulk of active investors and even the majority of non-prop desk active traders.

You cross us at your peril. You diss us at your peril.

For a long, long time to come.

  

 

 

Tue, 12/11/2012 - 09:54 | Link to Comment tip e. canoe
tip e. canoe's picture

so nice of you to leave the world in such great shape for future generations.

Mon, 12/10/2012 - 17:10 | Link to Comment johnconnor
johnconnor's picture

Lucy and her senior buddies left the country with over 16 trillion in debt, yes, you all made the country great for young folks...

Mon, 12/10/2012 - 17:40 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Lucy, like you, has inherited a monetary system (foisted upon her) that IS the debt. The more you use it the deeper it gets. Her behaviour and our collective confusion is understandable. If you believe it's money then the hoax is complete. If you haven't figured the con out by the time you retire, you are fully embedded. Their situation is not of their making. They can no sooner afford to retire than our kids can afford a house, car or family. The education system provides the spell for the concoction that we drink.

America, Mericka, Mezmerica, Mezombies.

It's global. A payment system without backing is called an IOU. An IOU is someones debt to someone else. A dollar is an IOU. America owes $16.4 trillion to other nations. How are we going to settle our IOUs? It's all good faith and CREDIT. As well as our foreign debt, there are $75 Trillion of unfunded government promises to her (IOU's) for her well being (medicare, social security, medicaide). Perhaps she should be asking the government to cough up on its past promises. Vicariously, through them, she will get her wishes from the young.

Spare a prayer for Lucy. It'll be her only form of comfort because the government can't afford to fulfill her needs.

The Lucies of the world cannot be saved at this late stage. Start with the young and drill the message into their heads. They will be the ones to make the US great.

Mon, 12/10/2012 - 17:46 | Link to Comment Super Broccoli
Super Broccoli's picture

NO ! FUCK THE OLD PEOPLE !

Fuck our grand parents ! The golden sixties ? What a joke ! Of course everything went well back there. They spended all their social security and drove the economy thru deficits because ... who cares, the world's economy will be booming forever isn't it ? Well guess what ? No it isn't and young generations are sick to pay for you old asses as all the money spending of your young times !

Mon, 12/10/2012 - 19:47 | Link to Comment overbet
overbet's picture

It's time the young in this country learned to take care of the generation that made this country great.

 

By that logic her genereation should be executed for what they left. 

Mon, 12/10/2012 - 20:02 | Link to Comment Go Tribe
Go Tribe's picture

Fuckin' Olds. Somebody slap that bitch and her spoiled children back to reality. She has certainly outlived her usefulness.

Mon, 12/10/2012 - 21:23 | Link to Comment BrianZeroHedge
BrianZeroHedge's picture

Lucy Johnson, age 25, CT

"I want my government to take care of the up-and-coming generation. Times are tough, and my generation is suffering. It's time the elders in this country learned to take care of the generation that will keep this country great. Welfare programs take care of the basics, but these programs just aren't enough. I don't have any savings and I and many others are relying on the elders to chip in and give something back to the generation that they stole from to give them everything they have today. Our elders are spoiled today - they need to be taught some personal responsibility."

Mon, 12/10/2012 - 22:14 | Link to Comment BrianZeroHedge
BrianZeroHedge's picture

Government, age 236, USA

"I want my citizens to take care of the government. Times are tough, and my generation is suffering. It's time the citizens in this country learned to take care of the government that made this country great. Taxes take care of the basics, but these programs just aren't enough. I don't have any savings, and I and many others are relying on the citizens to chip in and give something back to the government that raised them and gave them everything they have today. Citizens are spoiled today - they need to be taught some personal responsibility."

Mon, 12/10/2012 - 22:17 | Link to Comment ZeroAvatar
ZeroAvatar's picture

MDB, you are SUCH a JACKASS!  I had you PEGGED right from the start, eh Brutus?

Mon, 12/10/2012 - 22:22 | Link to Comment Bob Sacamano
Bob Sacamano's picture

Perfect -- telling OTHERS to take personal responsibility while demanding a handout for themselves.  That is classic American liberal thinking.  They do not even see the irony / hypocrisy in their philosophy. 

Mon, 12/10/2012 - 23:56 | Link to Comment StychoKiller
StychoKiller's picture

[quote]

...they need to be taught some personal responsibility.

[/quote]

Talk about hypocritical...

Tue, 12/11/2012 - 06:30 | Link to Comment OldPhart
OldPhart's picture

Lucy, at 60, is the hippie love child I watched as a 10 year old as she rolled doobies, dropped acid, and shunned any responsibility.  She danced naked in the park with tits to die for, even as a 10 year old, tie-dyed her smock and yelled 'fuck the system'.

I'm the kid you threw eggs over towards the returning soldiers and airmen.  I'm the guy that had to figure out what the hell feminism was all about back in the 70's, 80's, 90's, 00's, 10's, and today as it evolved into state ordained emasculation.  I had to watch you gabber on about magic crystals of power, or pyramids, or magnetic stones or whatever new age bullshit you adopted for the month.  I watched you go all natural with GMO seeds from Burpee watered by the municipal tap while you drank bottled water from the same municipal tap.  I saw you adopt every drug fad from mary jane to LSD to coke back to dope then to some weird face eating conconction to some shit that would have you actually eating faces if your teeth would only stay in your fucking mouth.

I saw you and your peers push sexual boundaries so far that we now sexualize children as young as eight and provide social and peer pressure to engage in sexual encounters with each other and adults.  It now is a norm while when you were of that age the thought of merely holding hands was reason to blush.

You were in power during the 80's when the social security crisis was recognized and ignored by Congress and Reagan.  You had no problem pushing that cost down to the children you were already in the process of raping.

Lucy, with all my love and remembrance...drop fucking dead.  You fucked my world before I could even get a hard-on. 

 

God, I love MDB's shit!

Mon, 12/10/2012 - 15:55 | Link to Comment TN Jed
TN Jed's picture

Industry of argument produces factions not solutions.  Absolute truth requires no teacher.  Learned truth is an argument in disguise.  What did you learn today?  Always argue with teachers.

Mon, 12/10/2012 - 17:47 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Always question teachers. Arguing with them will get you nowhere.

Mon, 12/10/2012 - 17:53 | Link to Comment TN Jed
TN Jed's picture

Yes...questions.  Are you arguing with me?  Gold star. 

Mon, 12/10/2012 - 15:56 | Link to Comment Gidas19
Gidas19's picture

Was the 75% seasonally adjusted?

Mon, 12/10/2012 - 15:57 | Link to Comment azzhatter
azzhatter's picture

That chubby little asian bitch is very annoying.

Mon, 12/10/2012 - 16:04 | Link to Comment swanpoint
swanpoint's picture

asian bitchez!

Mon, 12/10/2012 - 16:01 | Link to Comment bobthehorse
bobthehorse's picture

I just don't care about the rich.

Boo hoo.  The Clinton tax rates.

We're in this deep dark hole because of the rich.

Serfs like me are paying for their bad bets.

Tired of getting pissed on.

Mon, 12/10/2012 - 16:05 | Link to Comment Baron Robber
Baron Robber's picture

yes and Santelli is a schill for the banking cartel

Mon, 12/10/2012 - 16:06 | Link to Comment LouisDega
LouisDega's picture

Where are these "bucks" he speaks of?

Mon, 12/10/2012 - 16:03 | Link to Comment Shizzmoney
Shizzmoney's picture

Monkeys reject unequal pay:

http://www.youtube.com/watch?v=g8mynrRd7Ak&feature=youtu.be

Sad they have more fight than we do

Mon, 12/10/2012 - 16:14 | Link to Comment ZerOhead
ZerOhead's picture

Nice find but wrong.

Should read monkey (singular) rejects unequal pay. The banker monkey was very happy with his bailout... errr grapes...

Mon, 12/10/2012 - 16:03 | Link to Comment Yen Cross
Yen Cross's picture

Nice to see Santelli doesn't bow down to his "Muppet masters" over at CNBS!

Mon, 12/10/2012 - 16:08 | Link to Comment chancee
chancee's picture

Tradebots trying to shove the S and P over the 50dma so others tradebots will trigger and buy.  Comedy.

Mon, 12/10/2012 - 16:27 | Link to Comment James
James's picture

CNBCs countdown clock pertaining to the "fiscal cliff" is wrong.

Their is not 20 days to solve this.

By law, no new legislation can be passed after Dec. 17 in a lame duck congress or senate.

Wait a tic...........Law....what's that? hahahahahahahahahahahaha

Mon, 12/10/2012 - 16:09 | Link to Comment LouisDega
LouisDega's picture

Who is Rick Santelli?

Mon, 12/10/2012 - 17:25 | Link to Comment EscapingProgress
EscapingProgress's picture

A BADASS MUTHAFUCKA!

Mon, 12/10/2012 - 16:12 | Link to Comment Mad Mohel
Mad Mohel's picture

It's almost like he wants to attend the re-education camp.

Mon, 12/10/2012 - 16:23 | Link to Comment Quinvarius
Quinvarius's picture

I am sure Liesman is trying to get him sent there.

Mon, 12/10/2012 - 16:51 | Link to Comment Esso
Esso's picture

Liesman is trying to get us ALL sent there.

Mon, 12/10/2012 - 16:18 | Link to Comment Renewable Life
Renewable Life's picture

Rick I love You man.........but at some point you need to STFU about the problems and start using that machine you work for, as a bully pulpit, for expressing some radical but nessasary solutions that are dangerous to the status quo and the this corrupt system!! Otherwise, your just the guy who wants to say "I told you so" for his ego when it collapses, but never did a fucking thing to act against it!! It's easy to rage against the machine from the comfort of your $500,000 salary with Comcast/NBC, it's another to start talking revolution in the streets!!! How about you begin the resistance movement Rick, by publicly announcing your not going to pay your taxes, until X and Y occurs and make it a cause and encourage others to join you! There's one idea, I'm sure there could be many more!!! And yes they will come for you, and arrest you, and penalize you, and threaten you, but do you fucking believe in this shit your spouting of not?

Let's put some balls on the line and then you can keep ranting everyday!!

Mon, 12/10/2012 - 18:16 | Link to Comment blunderdog
blunderdog's picture

    but do you fucking believe in this shit your spouting of not?

He's an entertainer, that's all.  Give him a break.

Mon, 12/10/2012 - 18:38 | Link to Comment Renewable Life
Renewable Life's picture

No John Stewart, Jay Leno, and Ted Nugent are fucking "entertainers"!

Rick Santelli fancies himself the "the guy who inspired the tea party movement" and an intellectual force in monetary policy and the Paul Revere of the modern age!!

You don't get to lead the fucking revolution from a no risk position, get your balls on the block Rick, it's time to put up or shut up on this shit!!!

Otherwise go back to reporting on how the fucking bond market auctions are going!!!!

Mon, 12/10/2012 - 16:18 | Link to Comment Gamma735
Gamma735's picture

When Santelli disappears from the airwaves suddenly and without explanation,  expect that weekend following his disappearance Big Print Ben will over a weekend close the banks and devalue our currency 40% on Sunday Night. 

Mon, 12/10/2012 - 16:23 | Link to Comment hustler etiquette
hustler etiquette's picture

clever

Mon, 12/10/2012 - 16:27 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

Fuck the police (govt) coming straight outta Compton

Mon, 12/10/2012 - 16:27 | Link to Comment 101 years and c...
101 years and counting's picture

here's some math that is the most important:  the US economy is "expanding" at an annual clip of ~2%, or ~310 Billion, 26B per month.  The Fed's balance sheet is expanding at a clip of $40B/month.  thats a pretty nice return, -14B PER MONTH.  an Economic PhD may think that makes sense, any person with a 5th grade education would disagree.

Mon, 12/10/2012 - 16:32 | Link to Comment TN Jed
TN Jed's picture

PC LOAD LETTER?  What the fuck does that mean?

"CNBC.com
The video you are trying to access is unfortunately unavailable at the moment.
Error Code VID: 514"

 

Mon, 12/10/2012 - 18:31 | Link to Comment mercenaryomics
mercenaryomics's picture

+1 

Great movie. 

Mon, 12/10/2012 - 16:33 | Link to Comment Joe moneybags
Joe moneybags's picture

If Santelli ever opens up his own hedge fund, count me out.

Mon, 12/10/2012 - 16:38 | Link to Comment foodstampbarry
foodstampbarry's picture

All Aboard! Next stop Auschwitz.

Mon, 12/10/2012 - 16:50 | Link to Comment SheepDog-One
SheepDog-One's picture

'Rick breaking it down like no one else can!'....uh, all he did was lay out a bit of basic common sense to you fuktard CNBC anchors.

Mon, 12/10/2012 - 16:54 | Link to Comment yrbmegr
yrbmegr's picture

Of course, there is no question what Santelli is after.

Mon, 12/10/2012 - 16:55 | Link to Comment Gimp
Gimp's picture

Looking at History, always wondered how six-million people (12 Million counting non-jews) were all herded off to death camps so easliy without putting up a fight...

I now wonder if I will see it happen again then I will understand. :-(

 

 

 

Mon, 12/10/2012 - 18:41 | Link to Comment Bobportlandor
Bobportlandor's picture

During my sons wedding held in Disney World (yes they have a chapel there) I said to my x this exact words. Shes from a Jewish heritage and laid into me. I said you miss the point the point is even people in large numbers will not believe their eyes. They live where rules, common sense, justice, and trust in others win out.  She forgets unless you demand theses ideas your whole life, sooner or later the evil will prevail and it's a long hoe to fix. 

History has all sorts of Idioms, Phrases, Quotes, Sayings, Rhymes and stories to pass to future generations to look out for. It's you job to heed the warnings.

We only think were different, smarter, were not.

 

Mon, 12/10/2012 - 17:18 | Link to Comment buzzsaw99
buzzsaw99's picture

Spare me. Santelli is nothing but a toadie for the maggots.

Mon, 12/10/2012 - 17:38 | Link to Comment Random_Robert
Random_Robert's picture

Santelli 2016.

 

 

Mon, 12/10/2012 - 18:28 | Link to Comment samhell
samhell's picture

My dad retired in 1984 with NYS tier 1 retirement, early SS, and a few real estate investments to sell. He led a very relaxed retirement for 25 years. Not rich, but not wanting for anything. i dont begrudge him that, although I know  wont be nearly as lucky. I have always said I would die witha shovel in my hand (could be a pitchfork) All I have is this paid off farm to live on and maybe live off If I have to sell it. I dont count on SS, but there is at least a 1/4 million sitting there in my name frome 30 years of taxation. And Dammit, I'ld like it back

Mon, 12/10/2012 - 18:42 | Link to Comment Venerability
Venerability's picture

Last-ditch effort.

The VERY last.

This is the Twilight of the Fascist Empire-Mongers - even Mr. Ricketts and the seemingly invulnerable Kochs.

We Muppets and Sheeple and Whatevertheheckelseyouwannacallus below the One Percent of One Percent of One Percent of Self-Anointed Ones - who think they deserve to rule this Planet and everything in it - are about to exact some very nasty revenge. Not all at once, of course. But little by little by little, we are going to have more of a voice - and you are going to have less.

(The last couple of weeks of trading have been both the filthiest and the silliest in my memory - and the very fact that both those things are true show how vulnerable the Gamers are.

(You can have Markets supervised by Adults or World of Warcraft superimposed on standard trading platforms.

(You can no longer have both.)

 

 

Mon, 12/10/2012 - 19:48 | Link to Comment Sorynn
Sorynn's picture

Did he just start by saying that trust and honesty are important?  Where does he work?

Mon, 12/10/2012 - 19:50 | Link to Comment Sorynn
Sorynn's picture

edit: Double post

Mon, 12/10/2012 - 20:00 | Link to Comment Loose Caboose
Loose Caboose's picture

Rick needs to go full Howard Beal (minus the on air suicide of course).  

Mon, 12/10/2012 - 20:03 | Link to Comment nah
nah's picture

read the whiteboard bitchez

Mon, 12/10/2012 - 21:40 | Link to Comment El Hosel
El Hosel's picture

"Middle Class America should pay attention:"....      Don't count on it.

Mon, 12/10/2012 - 22:28 | Link to Comment Ginsengbull
Ginsengbull's picture

The best lies are liberally spiced with truth.

Tue, 12/11/2012 - 00:57 | Link to Comment adhoc99
adhoc99's picture

Where's John Galt?

Tue, 12/11/2012 - 08:09 | Link to Comment FreeNewEnergy
FreeNewEnergy's picture

I turned 59 last week, so, OK, hi, I'm Dope Smoker and I am a Baby Boomer, so fuck me.

Started writing more here, but it got really long, so decided to put it on my blog, which I'll post later today.

http://moneydaily.blogspot.com

Do NOT follow this link or you will be banned from the site!