Pretty much the entire world has seen the Smart Guy, Rick Santelli and his famous rant...
But this Stupid Guy deserves some air time, because nothing can discredit an argument better than an idiot's support.
Point #1: Santelli wasn't on some "Wall Street floor." He was actually on the floor of the Chicago Mercantile Exchange, on South Wacker Drive, in Chicago. And those guys behind him aren't the big bonus financial fat-cats we all love to hate, they're the working class traders who work 10 hour days, carrying out the trades of those financial fat-cats.
Point #2: "He [Obama] has political capital, and he's spending it." Barack Obama was NOT elected dictator, czar, or king. Questioning the President and his policies is part of responsible citizenship. And the only thing Obama's been spending is my money and your money.
Point #3: My favorite argument from this genius was that we should pay for people's bad mortgages in order to prevent them from dragging us out of our houses, beating us, and taking our food. Now, I know 99.999% of people who participated in these bad mortgages wouldn't do that, but this clown thinks that they would. And the threat of such robbery is sufficient reason to give people money. Isn't that called a protection racket?
Point #4: "We know you were the bastards that caused this." If anyone ever asks for an example of oversimplification, quote this. This current crisis was caused by EVERYONE. Wall Street, Main Street, the SEC, the Fed, Greenspan, Bush, Clinton, the Democrats, the Republicans, everyone who ever lied on their mortgage application, everyone who ever didn't double-check mortgage applications they approved. But everyone wants to blame somebody else, and it's become all too fashionable to blame the rich and successful.
Point #5: "You pukes in a suit outsourced our jobs and now we lost our houses." Actually, the first 2 years of those adjustable rate mortgages passed, and those small interest payments turned into massive ones. Defaults lowered house prices, preventing refinancing, causing more defaults.
Point #6: "When we run out of hope, we're coming to your house." Doesn't this guy seem like a character from early 1990s WWF wrestling?
WHEN I MEET RICK SANTELLI IN THE RING ON PAY PER VIEW THIS SATURDAY, I'M GONNA RIP HIM A NEW A-HOLE, HIM AND ALL THOSE OTHER PUKES IN SUITS. GOD BLESS AMERICA, AND GOD BLESS HARLEY DAVIDSON!!!