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Santelli On Propaganda And Ostrich Economics

Tyler Durden's picture




 

Everyone's favorite Chicago-ite, Rick Santelli, once again presents himself as the truth-teller-in-chief on the propaganda channel. This morning's dismal jobs data but utopian reporting of the improvement in the headline unemployment rate appears to have hit a nerve. Santelli takes on just how bad the employment picture really is, how mainstream media practices 'Ostrich Economics', and finally how nothing is deemed important to most politicians except who is to blame. One of Rick's best as perhaps CNBC has been looking at its ratings and realizes investors want the truth not the spin.

 

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Fri, 05/04/2012 - 12:45 | 2397313 AlaricBalth
AlaricBalth's picture

Santelli is the only commentator on CNBC worth watching!

Fri, 05/04/2012 - 12:53 | 2397342 Dr. Engali
Dr. Engali's picture

Oh I don't know about that. Michele has a nice rack that I don't mind watching. Now... If we are talking about worth listening to , I agree with you Rick is the only one I can stomach.

I didn't junk you btw.

Fri, 05/04/2012 - 12:56 | 2397356 AlaricBalth
AlaricBalth's picture

I should have said he is the only one worth watching with the volume on.

Fri, 05/04/2012 - 13:14 | 2397409 Ahmeexnal
Ahmeexnal's picture

Slave economics 101.

How to become an export behemoth (TM Hugh Hendry): use slave labour.

http://www.thelocal.de/money/20120504-42353.html

East German political prisoners were not only making furniture for Ikea but also sewing bedclothes for West German companies such as Quelle and Neckermann, according to new claims in Friday's Handelsblatt newspaper.

Claims were made this week that Cuban political prisoners were also used to make Ikea products during the 1980s after a Swedish television programme aired the claims about East Germans.

Fri, 05/04/2012 - 13:19 | 2397432 AlaricBalth
AlaricBalth's picture

What we need is ZERO HEDGE TV. Count me in for a few shares of ZHTV. (preferably pre-IPO)

Fri, 05/04/2012 - 13:24 | 2397450 Fukushima Sam
Fukushima Sam's picture

You may not want that association to be traceable.

Fri, 05/04/2012 - 13:55 | 2397559 njdoo7
njdoo7's picture

I'd rather be in a concentration camp than a coward living in a virtual prison camp.

 

The virtual prison camp may have more amenities, and even offer the illusion of some freedom, but it is not something to settle for and hope others are going to change it for you.

Fri, 05/04/2012 - 14:50 | 2397714 lemonobrien
lemonobrien's picture

they'll work you to death. slavery is not voluntary.

Fri, 05/04/2012 - 15:26 | 2397822 FEDbuster
FEDbuster's picture

Casting pearls before swine.

Sat, 05/05/2012 - 05:38 | 2399054 jeff montanye
jeff montanye's picture

regarding using prison labor for corporate profit, it's not just by putatively communist governments, oh no:  http://en.wikipedia.org/wiki/Private_prison

Fri, 05/04/2012 - 19:29 | 2398540 Irwin Fletcher
Irwin Fletcher's picture

Indeed. Give me freedom or give me death, bitchez!

Fri, 05/04/2012 - 14:05 | 2397598 AldousHuxley
AldousHuxley's picture

US does have slave economics.

 

They just hid the slaves in factories in China, Mexico, middle east, India, etc.

 

Globalism = take slavery to her colonies and away from the eyes of US citizens to maximize profit.

 

CNBC is typical "American beauty" manlike butch women who doesn't know what they are talking about

 

Switch over to RT Capital Account. Lauren Lyster doesn't hold back for US elites:

"Wall STreet is at a place where Enron was before everything collapsed"

http://www.youtube.com/watch?v=iIas2kEhPrQ

 

 

Fri, 05/04/2012 - 14:51 | 2397720 lemonobrien
lemonobrien's picture

illegal immigrant == slave.

Fri, 05/04/2012 - 16:25 | 2398110 ceilidh_trail
ceilidh_trail's picture

Uh, no. Illegal immigrant= illegal immigrant. As one who had to pay out much $$$ and time to have my wife here legally, I don't care too much for illegals nor those who excuse them. They are basically stealing from the rest of us who do it right.

Fri, 05/04/2012 - 20:06 | 2398604 widget
widget's picture

Don't forget that Obama has removed the I-word. A courtacy towards his only remaining voter base - hispanic-only southerners and wall street.

Sat, 05/05/2012 - 05:40 | 2399055 jeff montanye
jeff montanye's picture

would that it were true.  though his ratings are dropping.

Sat, 05/05/2012 - 09:32 | 2399141 insanelysane
insanelysane's picture

illegal immigrants are slaves which is something most people don't want to face.  dems believe they are "helping" people and the repubs like the reduced costs of "domestic" help.  It is a win-win for both parties which is why these slaves have not been freed.  

If we really want to help these people why aren't we trying to transform their countries like we try to transform Iraq and Afganistan?  Mexico and most of central america should be annexed which would be a real win-win for the people of these countries.

Fri, 05/04/2012 - 17:33 | 2398327 Henry Hub
Henry Hub's picture

Where is the best place to find slave labor? China? India? Guatemala? Think again. It's the U.S. prison system. Many companies are moving their production right into the prisons. Some prisoners work for as low as .50 an hour.

The U.S. imprisons more of it citizens than any other country on a percent basis. Employing prisoners as slave labor is a real growth business.

When they open the FIMA camps and start rounding people up, employment is set to take off. Soon it will be to only place to get a job in the land of the free and the home of the brave!

Fri, 05/04/2012 - 18:14 | 2398433 Doubleguns
Doubleguns's picture

Yep, buy CXW stock. Corrections corporation of America.  Sick really!!

Fri, 05/04/2012 - 19:40 | 2398557 Irwin Fletcher
Irwin Fletcher's picture

Or, just make an agreement with satan that results in payout in the event of the emergence of a nightmare totalitarian government. Call it a zero hedge.

Fri, 05/04/2012 - 20:08 | 2398610 widget
widget's picture

Does it cover pre-existing conditions? If for example you live in the US

Fri, 05/04/2012 - 20:29 | 2398642 Irwin Fletcher
Irwin Fletcher's picture

That's between you and satan. It's like asking whether forcing people's children and grandchildren to pay/work off the debt required to build new military bases is the same as quartering soldiers. It's all in the fine print.

Fri, 05/04/2012 - 21:18 | 2398727 TheFourthStooge-ing
TheFourthStooge-ing's picture

Henry Hub wrote:

Where is the best place to find slave labor? China? India? Guatemala? Think again. It's the U.S. prison system.

Bingo! Oh, wait, it's only slave labor when it's in those countries. Here in the country of Homeland, it's rehabilitation.

Many companies are moving their production right into the prisons.

Well, sure, but they're only doing things like making license plates. It's not like they're working on anything important or high tech.

http://www.wired.com/dangerroom/2011/03/prisoners-help-build-patriot-mis...

WTF? Patriot missiles, jet fighters, helicopters? Raytheon, Lockheed Martin, McDonnell Douglas, Boeing, General Dynamics?

Some prisoners work for as low as .50 an hour.

...and somehow the low cost is ... ummm ... passed on to the taxpayer in the form of ... uhhhh ... lower defense spending?

Hey, look at it this way, at least when those slaves are emanc ... that is to say, when those prisoners are released after they've paid their debt to society, they will have new skills and can become gainfully employed in the defense industry. Good jobs, too. "Made in America" jobs.

http://www.alternet.org/story/150777/defense_contractors_using_prison_la...

Now hold on there. The owners of the last high-tech magnetics production plant in the U.S., making guidance components for missiles, received government permission to close the factory and outsource the work to prisons?

Sooooo ... then the best way for these rehabilitated prisoners to start working in the defense industry and use their new skills is to ... go back to prison?

They took our jobs!

http://www.youtube.com/watch?v=BP-l40WEGNo

Well, I guess we should be glad the factory wasn't sold to a Chinese state enterprise that moved all the machinery to China.

Except ... it was.

 

Fri, 05/04/2012 - 13:17 | 2397430 Manthong
Manthong's picture

01:53: “Does it really matter whose fault it is?”

Um .. YEAH,  IT DOES!!!!

Until you punish the criminals and stop the fraud, nobody with brains will have the confidence to participate in any purported solutions because you have not fixed the real problem – THE FRAUD AND THEFT.

Fri, 05/04/2012 - 13:32 | 2397483 Dr. Engali
Dr. Engali's picture

I agree however, All of the original founders of the Federal Reserve are dead.

Fri, 05/04/2012 - 14:01 | 2397592 Hi Ho Silver
Hi Ho Silver's picture

 

 

Dig 'em up and mutilate their corpses, publicly.

 

Wouldn't be any worse than their mockery of putting President Andrew Jackson on their $20 note.

Fri, 05/04/2012 - 14:31 | 2397654 11b40
11b40's picture

Yep....what Rick calls Ostrich Econonomics, I call lying to the viewers.

I have no problems with the rant, but if he means elect Romney when he says send a message in November, who does he think that will benefit, pray tell?

I am not an Obama fan, and consider both parties to be owned by special interests, but Romney is downright scary in his devotion to looting America and off-shoring jobs for immense personal gain.....which is well dispersed in accounts around the globe.  If you want more aristocracy, vote for an aristocrat. 

Unfortunately, our choices are Gloomy verses Gloomier

Fri, 05/04/2012 - 17:40 | 2398350 Esculent 69
Esculent 69's picture

11b40- "elect Romney in Nov who does he think that will benefit , pray tell?"  Yes lets take a look at who that benefits shall we. If you re-elect Obama you will still get the same but undoubtalby worse economic conditons as well as full stealth nationalized healthcare using single payer via medicaid/medicare if the scotus votes down obamacare.  there will be bigger gov't, expiration of the evil Bush tax cuts, all of them including the ones for the middle income, stealth carbon tax via the EPA, less energy independence while giving your money to the dictator nations who hate us by outsourcing US jobs because we now have the highest corporate income tax of any nation(35%).  Romney will benefit all businesses, particularly small businesses that are 70% of the economy while you worry about such a small minority of 15-19% of corporations and then you have financials and so forth. The small business which this president has done his best to limit if not drive out of business will thrive and begin to hire more people because the ability to do business rather than to tax and regulate to death is what drives the economy. Who do you think will have any $$$ to spend if 70% of the economy is sidelined by taxes and regulations that stiffle any economic activity? Never hear people like you complain about Obama or Pelosi or Reid or Schummer or George Soros who rape the people of this country and get stinking rich while doing it.  Don't believe me. Just go ask former Gov and Senator Jon "MFing" Corzine.  There is a difference between the two parties.  One wants captialism, and the others want command and control economy via state run capitalism which is nothing more than Marxism. Which one do you want sir hmmmmmm?

Sun, 05/06/2012 - 10:33 | 2400630 11b40
11b40's picture

You sound like a Sean Hannity clone.  What about "they hate us for our freedoms"?  You left that one out.

That was a pretty good joke about Romney helping small business, though.

Does your reading go any deeper than bumper stickers?

Fri, 05/04/2012 - 18:57 | 2398495 Roandavid
Roandavid's picture

Ron Paul is still alive and stealing delegates like there's no tomorrow.

Which, when you think about it .....

Fri, 05/04/2012 - 14:47 | 2397701 hannah
hannah's picture

@Manthong

santelli isnt saying that the crooks shouldnt be arrested...he is saying the the current politcal group uses this as an excuse...so stop the fucking excuses and create solutions but when you elect a president that has never actually had a job and elect politicians that are only in office to fleece the tax payer than you have a no win situation.

Fri, 05/04/2012 - 13:47 | 2397540 Pegasus Muse
Fri, 05/04/2012 - 15:03 | 2397755 SokPOTUS
SokPOTUS's picture

He speaks Truth to Morons.

Fri, 05/04/2012 - 13:01 | 2397380 GOSPLAN HERO
GOSPLAN HERO's picture

Michele has a nice 36DD rack.

Fri, 05/04/2012 - 13:15 | 2397423 roadhazard
roadhazard's picture

She's too butch for me. Even 36DD's don't mellow her out.   

Fri, 05/04/2012 - 13:21 | 2397436 poor fella
poor fella's picture

S(he)'s a MAN, baby!!!  Is there a 'bag that face' app?

Looks a little too much like Ayn Rand.

Fri, 05/04/2012 - 14:13 | 2397615 AldousHuxley
AldousHuxley's picture

wall st. women are all dykes, but they are still better than some snooki from New Jersey

 

Ayn Rand collected social security.

 

If it wasn't for wall st. bailout, Santelli and his trading buddies will back to pre1970s where traders often had second jobs at night shifts cleaning offices.

 

Fri, 05/04/2012 - 23:29 | 2398887 Oldwood
Oldwood's picture

As I have been forced to participate in the SS ponzi, I too will hope to collect my "benefits". What's your point ? Most here think the whole economy is corrupt. Should we refuse to take a wage in order to meet your hypocracy standards? Slavery infers we are forced to labor for the benefit of others. Is it morally superior if we are forced to labor for those who don't work and are poor versus those who are rich?

Fri, 05/04/2012 - 14:50 | 2397718 Taterboy
Taterboy's picture

I'd munch on the Chinese Dumpling!

Fri, 05/04/2012 - 13:22 | 2397427 francis_sawyer
francis_sawyer's picture

Note to CNBC programmers... You'll get your viewership back if you get MCC to do a nude photoshoot (feel free to use a 'soft focus' lens on the face though)... 

~~~

Edit: & don't even think about trying the same with Bartiromo... It'd only end up costing you your last possible viewer...

Edit 2: Oh I see Bartiromo is reading this thread... Hey Maria... go back to practicing your line "the markets are off their lows of the day" in the mirror

 

Fri, 05/04/2012 - 13:37 | 2397499 krispkritter
krispkritter's picture

That she does. Commenter: "Huge D-Cuppers.? I'd love to initiate a long position in her cleavage."

http://www.youtube.com/watch?v=AAQ6-rAZM_0 

Fri, 05/04/2012 - 14:20 | 2397630 gaoptimize
gaoptimize's picture

I hope she is a good mother and her children are happy and grow up to be good people.  Then, I hope she will do some soul searching.

Fri, 05/04/2012 - 13:29 | 2397468 WillyGroper
WillyGroper's picture

She may have a nice rack, but she looks like Sea Biscuit.

Fri, 05/04/2012 - 14:19 | 2397632 geotrader
geotrader's picture

The junking probably came from Kramer.

Fri, 05/04/2012 - 16:58 | 2398252 myshadow
myshadow's picture

michelle CSquared is a female joe kernan.  The nano second you hear what she 'thinks' any pheremonic response to her exterior hotness vaporizes.

Fri, 05/04/2012 - 12:55 | 2397353 Randall Cabot
Randall Cabot's picture

Yeah, but Chicago people talk funny.

Fri, 05/04/2012 - 13:00 | 2397377 Stackers
Stackers's picture

Kudlow has a few good moments as well.

Fri, 05/04/2012 - 13:13 | 2397412 AlaricBalth
AlaricBalth's picture

Kudlow is the head cheerleader for predatory capitalism. An ardent apologist for the banking sector who has been proven wrong time after time, ad nauseum. 

Fri, 05/04/2012 - 15:11 | 2397767 roadhazard
roadhazard's picture

Kudlow couldn't be more repulsive if he tried.  Who are the clowns that like his shit?

Fri, 05/04/2012 - 13:58 | 2397580 Offtheradar
Offtheradar's picture

Are you fucking serious?!? Kudlow?!?  That shitbag is a posterboy for monopolies and banking shills.  Kudlow has a hand in MSNBC making people want to puke.  Send him to the fishes.

Fri, 05/04/2012 - 16:59 | 2398256 myshadow
myshadow's picture

you said it better than I could.

Fri, 05/04/2012 - 18:19 | 2398441 Doubleguns
Doubleguns's picture

You mean like 'green shoots' breakfast, lunch and dinner!!!    ROTFLMAO..... your killing me man.  

Fri, 05/04/2012 - 13:52 | 2397565 CuttingEdge
CuttingEdge's picture

"Santelli is the only commentator on CNBC worth watching!"

Wrong.

Steve Sedgewick on SquawkBox Europe is ace and always on the money. You guys Stateside really miss out with it being on so early, but Cutmore and him provide a great 3 hours in the mornings. Record an episode and enjoy - its refreshingly entertaining and unlike their US counterparts (santelli aside) they aren't living in La La Land. Only downside is the female anchor they've brought in, Karen Tso. She has one of those whiny Aussie accents like chalk on a blackboard.

As to babes, there can be only one, and that is Julia Chatterly - though sadly as a reporter she isn't on much. Swop her in as anchor for Tso and you have an unbeatable combination.

How the f*ck that Goldman ass-kisser Kramer gets airtime is the 8th wonder of the world. Cnbc over the pond has zero credibility with that dipshit around.

Fri, 05/04/2012 - 14:30 | 2397652 Hippocratic Oaf
Hippocratic Oaf's picture

It's 'Cramer', but who gives a fuck?

Fri, 05/04/2012 - 16:47 | 2398217 Whatta
Whatta's picture

oh, I'd argue that Becky Quick's pillow talk interview with Daddy Warren are worth watching

Fri, 05/04/2012 - 21:08 | 2398712 Buck Johnson
Buck Johnson's picture

He sure is and he isn't a dummy by a longshot.  Most of those anchors know the truth but are told to think and say happy thoughts, or obfuscate.

Sat, 05/05/2012 - 01:01 | 2398948 Pike Bishop
Pike Bishop's picture

I'm a MainStreeter. Often I read ZH with my eyes wideopen in wonder, punctuated with some "holy shit, you're kidding me" and "I knew that media story/op-ed story was bullshit".

I haven't watched CNBC (nor much of any financial porn) since 2007, with the exception of CNBC video outtakes that appear on ZH and a couple of others sites which don't destroy neurons. Nor do they tell me to have my milk and cookies and tuck me in at night with "Everything is fine and getting better, just close your eyes and go to sleep."

My personal favorite CNBC-moment was Charles Biderman's impromptu flip-out on the floor of the NYSE in Fall '09.. ie "This is impossible,... this market can't be going up like this...  it's the gawddamned Fed....etc etc".

Santelli's famous-making rant was kinda' saddening. Was he right?,..yes. Was bailing out your neighbor for fucking himself with his mortgage fair... no. But that wasn't the Santelli I remembered in the trader's smock disagreeing with Liesboy's knee-pad conclusions in a common sense way, and calling outright "Bullshit" when appropriate.

Today he didn't need the flourishes of side commentary written on his board, but I will take him, the way remember him. And he was in crucial form today.

-The length and % of people unemployed is worse than any Recession. It is at Great Depression levels of destruction.

-The single most difficult statistical fact for a MainStreeter to find is that 80% of the improvement in the Unemployment headliner number is the result of millions of people being long-time frozen out of a job, and statistically permanently unemployed.

We MainStreeters aren't completely stupid, a number like that would stick in our head.

-The Workforce to Population Participation Rate being back to '81-'82. Would stick fairly easy, too.

Santelli is saying we're at the point that we need to know who the serious people are, to solve a SERIOUS problem with solutions. And gave the media a SERIOUS and deserved kick in the nuts.

That's the Santelli who can make a difference. One half-hour show to replace US broadcast evening news, and TPTB will have to change their Depends.

BTW, that Sorkin kid?... In history, he may become a legend for ass-boy stenography. Because handmaidens and poolboys to psychopaths told him something... it's true? Then he writes a book, and it's called journalism?

CNBC should keep him on. He's the Financial World's Poster Boy for showers in the Penn State locker room.

Fri, 05/04/2012 - 12:49 | 2397327 Temporalist
Temporalist's picture

I ate ostrich...gamey.

Fri, 05/04/2012 - 12:50 | 2397336 Gully Foyle
Gully Foyle's picture

Temporalist

I ate gamin ...chikeney.

Fri, 05/04/2012 - 13:02 | 2397382 Temporalist
Temporalist's picture

Thanks coq.

Fri, 05/04/2012 - 12:52 | 2397341 Randall Cabot
Randall Cabot's picture

Not at Fuddruckers.

Fri, 05/04/2012 - 13:00 | 2397376 krispkritter
krispkritter's picture

You can change that to 'Fuckrudders' because I don't think anyone is steering the ship anymore. In fact, I'm pretty sure it's not moving as we've been hit and are taking on water...where are the deck chairs?

Fri, 05/04/2012 - 13:04 | 2397389 Temporalist
Temporalist's picture

I haven't seen a Fuckrudders in over a decade I thought they already capsized.

Fri, 05/04/2012 - 13:12 | 2397415 kridkrid
kridkrid's picture

There's one near me....

It's been vacant for about 7 years.  I wasn't aware that it was vacant for the first 5 or so of those 7, which makes sense in a psychic friends network sort of a way.  "Psychic Friends Network goes bankrupt... how didn't they see it coming?"

Fri, 05/04/2012 - 13:08 | 2397394 jimmytorpedo
jimmytorpedo's picture

all your ostrich are belong to us

Fri, 05/04/2012 - 13:11 | 2397406 navy62802
navy62802's picture

What about ostrich eggs? I hear they're very similar to chicken eggs, only bigger.

Fri, 05/04/2012 - 12:49 | 2397329 Gully Foyle
Gully Foyle's picture

"This morning's dismal jobs data but utopian reporting of the improvement in the headline unemployment rate appears to have hit a nerve."

http://www.nationalreview.com/corner/299010/april-jobs-not-bad-you-think...

April Jobs: Not as Bad as You Think

The headline payroll numbers fell short of consensus expectations in April, rising 115,000 overall and 130,000 for the private sector. However, the Labor Department once again made large upward revisions to prior months. Including these revisions, nonfarm payrolls were up 168,000 and private payrolls were up 196,000, both beating consensus expectations.

Some analysts ignore these revisions, but we think that’s a big mistake. Normal monthly revisions to the original payroll report have now been positive for ten straight months and have averaged about 40,000 per month during this period. As a result, without revisions, analysts have a systematically and downwardly biased impression about the job market.

Meanwhile, some analysts may discount the drop in the unemployment rate to 8.1 percent, given that the drop was due to a decline in the labor force. However, in the past year, the unemployment rate has dropped 0.9 percentage points (from 9 percent in April 2011), while the labor force has grown 700,000. In other words, the trend of decline in the jobless rate in the past year is not due to fewer people looking for work.

Another piece of good news in today’s report is that the median duration of unemployment dropped to 19.4 weeks, the lowest level since 2009. Total hours worked increased 0.1 percent in April, and are up 2.1 percent from a year ago. Although cash wages were unchanged in April, they are up 1.8 percent in the past year. Combining hours and wages, total cash wages are up 4 percent from a year ago, which is still outpacing inflation.

The labor market is still far from where it was before the recession started. In the 20 years before this recession, the unemployment rate averaged 5.5 percent. With the right set of public policies, we see no reason why we can’t get there again. But the fact that we’re not there yet should not prevent us from recognizing the progress that we’re making. 

 

 

Fri, 05/04/2012 - 13:06 | 2397390 hedgeless_horseman
hedgeless_horseman's picture

 

 

With the right set of public policies, we see no reason why we can’t get there again.

lol...

...then crying.

 

Fri, 05/04/2012 - 13:16 | 2397419 karp4cy
karp4cy's picture

Great spin, as the participation rate continues to crater.  The labor force may have risen 700k over the last year; but considering the total population rose likely by about 3M over the same time frame, I'm not sure I see the reasons for celebration.

Fri, 05/04/2012 - 13:57 | 2397576 ONO47
ONO47's picture

They should just stop playing games. If your not employeed its because your really not looking. Then the headline can say Unemplyment 0%.

Fri, 05/04/2012 - 17:46 | 2398365 grid-b-gone
grid-b-gone's picture

Gully, did you hear "1981" anywhere in the segment?

Our last really bad recession was from '82-83. The only valid comparison from this point is 1929-1942. Foodstamps allow the public to think things are OK because of the lack of visual cues that soup lines provide.

The annual BLS reset has been wiping out over 1 million jobs per year under Obama. The monthly employment situation has been overstated by an average of about 100K per month since he took office.

It takes 200K monthly jobs to keep up with population growth, so 115K in April was clearly a fail.

If 130K private jobs is correct, it is the only positive. Public jobs need to run negative for a decade or more if the U.S. is to recover and get back below 100% debt/GDP.

I doubt Romney or anyone else will matter much until those who are failing are allowed to fail. This has been like falling into a well and implementing a plan to climb out before hitting bottom. 

As bad as it was, The Great Depression model of foreclosure, bankruptcy, bank closings, and a general recognition of failure may be the best approach. Avoiding bubbles would be better, but human nature will probably always eliminate that more constructive approach.

Sat, 05/05/2012 - 16:10 | 2399764 tenpanhandle
tenpanhandle's picture

how much do you cost?

Fri, 05/04/2012 - 12:49 | 2397330 SheepDog-One
SheepDog-One's picture

Time for 'the truth', not the lies and BS spin anymore? Uh oh...

Fri, 05/04/2012 - 12:49 | 2397334 Burr's 2nd Shot
Burr's 2nd Shot's picture

I hope we end up in the same FEMA camp.

Fri, 05/04/2012 - 12:53 | 2397346 kridkrid
kridkrid's picture

We'll leave a light on for you....

A spotlight, directly in your eyes as we ask you, "why do you hate America?"

 

Fri, 05/04/2012 - 12:52 | 2397340 TooBearish
TooBearish's picture

SING IT RICKY!

Fri, 05/04/2012 - 12:52 | 2397343 The Proletariat
The Proletariat's picture

First person that comes out this fucking door gets a... gets a *lead ostrich salad*, you understand?

Fri, 05/04/2012 - 12:54 | 2397344 Sizzurp
Sizzurp's picture

Ron Paul is a solution.... and the way the recent delegate counts are going it might be an interesting republican convention.

Fri, 05/04/2012 - 12:56 | 2397359 kridkrid
kridkrid's picture

Post collapse... not pre-collapse.  There is no solution within the context of our current monetary system. 

Fri, 05/04/2012 - 12:58 | 2397367 Dr. Engali
Dr. Engali's picture

The republicans are up to some dirty tricks in Nevada:

http://www.infowars.com/rnc-threatens-to-bar-nevada-to-stop-delegates-vo...

Fri, 05/04/2012 - 13:06 | 2397370 the not so migh...
the not so mighty maximiza's picture

Hopefully there will be fist fights on the convention floor and somewone will throw a chair at Rommneys hair-do. Then Ron Paul can take over after saving Romnneys pathetic existance of a life.

Fri, 05/04/2012 - 13:08 | 2397397 resaci
resaci's picture

Oh yeah 

walked in a nobody

walked out an alternate delegate

 goin to Cobo

Fri, 05/04/2012 - 13:28 | 2397459 krispkritter
krispkritter's picture

Go RP! Because you can barely tell the other two apart...

Romnobama: http://www.youtube.com/watch?v=IWDJEc92d38&feature=player_embedded

Fri, 05/04/2012 - 13:53 | 2397567 Likstane
Likstane's picture

Nice-easy vid comparing the two brothers.

Fri, 05/04/2012 - 14:21 | 2397636 gaoptimize
gaoptimize's picture

I can't wait for his prime time speach.

Fri, 05/04/2012 - 12:54 | 2397345 cnhedge
cnhedge's picture

A gradual deterioration in the collateral backing multi-cedulas
http://www.cnhedge.com/thread-4107-1-1.html
http://www.jinrongbaike.com/

Fri, 05/04/2012 - 12:54 | 2397347 kragsquest
kragsquest's picture

His earthiness is refreshing!

 

I got this tawdry bit of hate mail overnight, apparently from one of the privileged "elite":

 

Obviously not old enough to recall McCarthy or the Korean War. Please go back to the sewer you came from.

Amanda

Read more: http://www.cointalk.com/t205622-2/#ixzz1tv0Os57Z

Fri, 05/04/2012 - 12:55 | 2397351 dick cheneys ghost
dick cheneys ghost's picture

End the right/left paradigm TODAY..........Lets Blame the new Axis of Evil, the Wall St/MIC/Wash DC nexus......Large Multi National Corps are in complete control and have been for decades...

Fri, 05/04/2012 - 13:04 | 2397388 Liquid Courage
Liquid Courage's picture

Now it's time to say goodbye,

To all our family ...

M - I - C - See you in a FEMA camp real soon,

K - E - Y - Why? because we need to Protect you

M - O - U - S - E

Eh? What's that? No-one remembers the Mickey Mouse Club song? Dating myself.

Fri, 05/04/2012 - 13:15 | 2397424 Temporalist
Temporalist's picture

Who's the leader of the Fed that's fleecing all the sheep?

B-E-N Good you're bending over!

B-E-R Are you a debt slave too?

N-A-N-K-E

 

Fri, 05/04/2012 - 15:52 | 2397957 Liquid Courage
Liquid Courage's picture

Hey ... nice one! That rhythm actually tracks the original. LOL

 

Who's the leader of the Fed that's fleecing all the sheep?

B-E-N, B-E-R, N-A-N-K-E

Ben Ber-nank (Paul the Krug), Ben Ber-nank (Paul the Krug),

Forever let us goose the buck supply-aye-aye-aye!

Hey there, Hi there Ho there,

There is no job for thee,

B-E-N, B-E-R, N-A-N-K-E

Fri, 05/04/2012 - 13:21 | 2397438 roadhazard
roadhazard's picture

Annette Funichello always made my ears hard.

Sat, 05/05/2012 - 00:01 | 2398913 theTribster
theTribster's picture

Agreed except the MNC have really taken off since Bush and now Obama, they do control everything. I think it is called fascism.

Fri, 05/04/2012 - 12:54 | 2397352 Clowns on Acid
Clowns on Acid's picture

Well if even CNBC is moving toward reporting the truth...Tyler will be on the Show shortly...hope you are short ES, short TSYs, and long AU when that happens !

Cramer will be doing the backstroke wildly in the background as Tyler speaks with his Guy Fawkes mask on of course....

Fri, 05/04/2012 - 12:55 | 2397360 Alcoholic Nativ...
Alcoholic Native American's picture

I wanna be an astronaught when I grow up.

Fri, 05/04/2012 - 13:18 | 2397431 Temporalist
Temporalist's picture

You too can smoke hopium and get all that you desire. Just visit http://www.bls.gov/

Fri, 05/04/2012 - 12:59 | 2397366 Liquid Courage
Liquid Courage's picture

Well, at least for the moment, it seems like some idiot has opened the door and let a little of the harsh light of day into the opium den in which Stawx have been languishing for the past few months.

Close the door, idiot, you're lettin' the buzz out!

Fri, 05/04/2012 - 12:59 | 2397371 Doubleguns
Doubleguns's picture

Sheeple cant handle the truth. It would make them suicidal.

 

Commercials for depression drugs. (exhibit A)

 

Fri, 05/04/2012 - 13:00 | 2397374 cdude
cdude's picture

"....I'm not saying it's conspiracy". LOL   Thanks for not saying. 

Fri, 05/04/2012 - 13:06 | 2397391 razorthin
razorthin's picture

Right, Rick.  If you suggest that voting for one of the front-running hucksters is a sufficient (or in any way helpful or innocuous) message, think again.  About 3 weeks before thanksgiving demand that your pollsters take out that write-in sheet for your completion.  If true "Patriots" do this, it will piss them off and bog down the system, but it will truly send the correct message.

Fri, 05/04/2012 - 13:06 | 2397392 StockHut
StockHut's picture

I heard Jim Cramer was caught stroking the Chairsatan's testicles at a posh NYC nightclub.

Fri, 05/04/2012 - 15:15 | 2397775 Bastiat009
Bastiat009's picture

He wanted to but couldn't find them.

Fri, 05/04/2012 - 15:37 | 2397893 azzhatter
azzhatter's picture

He couldn't get Geithner out of the way

Fri, 05/04/2012 - 13:08 | 2397395 Zola
Zola's picture

It is more like Coyote Economics...

Fri, 05/04/2012 - 13:10 | 2397405 Dr. Engali
Dr. Engali's picture

Crude getting crushed, gas down , gold , and silver up. I smell QE 4

Fri, 05/04/2012 - 13:12 | 2397407 JR
JR's picture

Life is better, comrades, life is gayer.” -- Stalin’s Five-Year-Plan boast when he ushered in the notorious era of purge and terror amidst starvation in the mid-1930s.

A “connected” economist’s comment on today’s miserable jobs report sums up a government that can no longer make the lies work: “We’ll just have to see the May and June figures to see if this is a trend.” And apparently the Obama Administration, with so few jobs added, doesn’t even have the nerve to call a press conference on another one-tenth drop in the unemployment rate.

Yet this guy says we just have to wait to see the trend.  The trend is there’s the lowest participation percentage in the workforce since 1981. In short, the government’s portrayal of America’s economy is a complete fabrication; and people don’t buy it anymore.

The statisticians have become politicians. They make it up as they go along.

The word employment is meaningless as more and more empty store fronts appear on Main Street and the multinationals for the 11th year move 50,000 American jobs a month offshore; the word inflation is meaningless as costs of critical items and services that people must buy are going up so fast that households constantly are preparing for ever higher costs while the “official inflation rate goes down.”

Homelessness, equity-lessness, joblessness, futurelessness are Joe Sixpack’s contribution to gobblisation of world resources by the internationals.

Prior to glasnost in Russia, Pravda issued a constant stream of “how good it is” news, and no one above the age of six in Russia believed it. This is what is now happening in America. You would have to be a real dolt to believe the Consumer Confidence Report as it dizzingly rides up and down, up and down, ad nauseam. Can you imagine someone rushing out into the streets excitedly waving the Consumer Confidence Report yelling: “Consumer confidence is up! Consumer confidence is up!”?

Fri, 05/04/2012 - 13:24 | 2397447 Clowns on Acid
Clowns on Acid's picture

"Can you imagine someone rushing out into the streets excitedly waving the Consumer Confidence Report yelling: “Consumer confidence is up! Consumer confidence is up!”?

Yes I can...Mr Robert Brusca.

Fri, 05/04/2012 - 13:23 | 2397417 Village Smithy
Village Smithy's picture

Santelli is the only personality on CNBS who is not a shill. I'm not sure what he meant by "send a message". If he meant that we should vote for Ron Paul instead of either of the Bankster elite puppets that won't likely be possible unless... he just gave us the scoop that Dr. Paul is going independant! My apologies the market has moved not even 2% towards reality and I've gone all euphoric.

Fri, 05/04/2012 - 13:22 | 2397439 jus_lite_reading
jus_lite_reading's picture

>>" CNBC has been looking at its ratings and realizes investors want the truth not the spin."<<

 

ROTFLMAO!!!

 

I have CNBS on my screens just for the entertainment!! (and to confirm how how the bullshit goes!!)

 

GAME OVER!!!!!!!!!!!!

Fri, 05/04/2012 - 13:29 | 2397470 carbonmutant
carbonmutant's picture

Rick was pulling his punches...

Fri, 05/04/2012 - 13:32 | 2397475 Zero Govt
Zero Govt's picture

Rick's the only journo on CNBC not with his head up his arse blowing propaganda bubbles ...refreshing

Fri, 05/04/2012 - 13:45 | 2397536 WallStreetClass...
WallStreetClassAction.com's picture

So the "SOLUTION" is to vote for another Wall Street sock puppet? Brilliant! This country is done, finished. Just don't come around my neck of the woods shooting, I pack fully auto. Regards.

Fri, 05/04/2012 - 14:45 | 2397693 mendigo
mendigo's picture

Pre-election hyperventilating. Like Romney is viable option

Fri, 05/04/2012 - 14:58 | 2397745 miguel991
miguel991's picture

Get your guns, gold/silver, rice and vote Ron Paul for president. Hold on tight cause this one is gonna get really bumpy.

Refreshing to see Santelli (with the OK from his bosses) are allowing some relevant supporting (facts) data to be included along with the usual brainwashing dribble.

 

Fri, 05/04/2012 - 15:31 | 2397845 NewWorldOrange
NewWorldOrange's picture

I'd fight Carl Quintanilla.

Fri, 05/04/2012 - 16:26 | 2398124 Dubious Maximus
Dubious Maximus's picture

Incredible, in 2 minutes flat he clarified the whole picture.  Game. Set. Match.

Now to find someone with the balls to actually enact "solutions" as he says.  >cricket sounds<

Fri, 05/04/2012 - 16:57 | 2398244 carambar
carambar's picture

Once again its a question of presnting the numbers.

YES, the participation rate is lower and will contimue to trend lower

BUT the number of people working is going up, because the US population is growing so will tha GDP.

The participation rate was inflated like the Housing market was.

 

Fri, 05/04/2012 - 17:42 | 2398355 Esculent 69
Esculent 69's picture

11b40- "elect Romney in Nov who does he think that will benefit , pray tell?"  Yes lets take a look at who that benefits shall we. If you re-elect Obama you will still get the same but undoubtalby worse economic conditons as well as full stealth nationalized healthcare using single payer via medicaid/medicare if the scotus votes down obamacare.  there will be bigger gov't, expiration of the evil Bush tax cuts, all of them including the ones for the middle income, stealth carbon tax via the EPA, less energy independence while giving your money to the dictator nations who hate us by outsourcing US jobs because we now have the highest corporate income tax of any nation(35%).  Romney will benefit all businesses, particularly small businesses that are 70% of the economy while you worry about such a small minority of 15-19% of corporations and then you have financials and so forth. The small business which this president has done his best to limit if not drive out of business will thrive and begin to hire more people because the ability to do business rather than to tax and regulate to death is what drives the economy. Who do you think will have any $$$ to spend if 70% of the economy is sidelined by taxes and regulations that stiffle any economic activity? Never hear people like you complain about Obama or Pelosi or Reid or Schummer or George Soros who rape the people of this country and get stinking rich while doing it.  Don't believe me. Just go ask former Gov and Senator Jon "MFing" Corzine.  There is a difference between the two parties.  One wants captialism, and the others want command and control economy via state run capitalism which is nothing more than Marxism. Which one do you want sir hmmmmmm?

Fri, 05/04/2012 - 20:48 | 2398677 neutrinoman
neutrinoman's picture

My love note to Santelli:

     UR = 1 - (WPR/LFPR)

UR = unemployment rate, WPR = working population ratio (employment-to-population ratio), LFPR = labor force participation rate. UR can go down if WPR goes up; or WPR can stay flat, while LFPR drops. LFPR has been dropping slowly since 2000 and more quickly since 2009.

Santelli is one righteous dude -- it's amazing CNBC keeps him on the air.

And Cramer periodically does blurt out truth -- he recently and repeatedly referred to the "hedge fund-media complex" -- even though he touts individual stocks and sectors, he's clearly worried about the overall market going nowhere. He knows better than to just swallow the propaganda. After all, he too once worked at Golden Slacks :)

Fri, 05/04/2012 - 21:35 | 2398746 Youri Carma
Youri Carma's picture

U.S. April job cuts up 11% vs year ago: Challenger
3 May 2012
, by Nathalie Tadena (MarketWatch)
http://www.marketwatch.com/story/us-april-job-cuts-up-11-vs-year-ago-challenger-2012-05-03

For the year, consumer-products firms have announced the highest number of job cuts.

 

Planned job cuts up 7% in April: Challenger
3 May 2012
, by Steve Goldstein - Washington (MarketWatch)
http://www.marketwatch.com/story/planned-job-cuts-up-7-in-april-challenger-2012-05-03

Year-to-date, planned job cuts are up 9.8%.

Sat, 05/05/2012 - 09:42 | 2399148 insanelysane
insanelysane's picture

CNBS and BloomsBS have started hedging into the election year.  They realize the Repubs and hopefully, if there is a God, a 3rd party candidate, are going to start pounding the citizenry with the facts.  Facts about the FED, the BLS, EURUSD, MF Global, etc.  These networks need to get on board because Cramer and Liesman can only pump so much hopium up people's anuses before they explode.  

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