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

Fri, 05/04/2012 - 13:14 | 2397409 Ahmeexnal
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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
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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
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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
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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
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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
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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.

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