Santelli And The November Obamacare 'Referendum'

Tyler Durden's picture

In a brief clip this morning, CNBC's Rick Santelli said a lot in a few words. His critical insight was that today's decision is about process and not preference and that the real decisions will be made in November when it becomes 'the people's choice'. He is a big believer in the 'pragmatic process' we should all enjoy and suggests today's SCOTUS decision (doing what they do best in comprehending the law) should be 'taken with respect' but notes the analogy to Europe:

"You can try to have the mighty above tell the people below how they should live their lives, what they should get, and 'the government big enough to give you everything you want, and', in the words of Thomas Jefferson, 'big enough to take away everything you have.' But what are we left with really? We are left with an issue that should, by all indications be voted on by the American public. No matter how the Supreme Court decision worked out; no matter what the legislative process tells us; no matter how ugly this process was to get passed; in the end, I think it's more than appropriate that this will be, in my opinion, part of the referendum in November as to whether the public wants this or not."