Try selling this somewhere else. Too many of us have seen the bologna that is in this "stimulus" package. If you want to create jobs - offer a tax credit to companies for each job they create. If you want to save the stock market - eliminate capital gains tax - which is a way to tax my money twice anyway. If you want to stimulate the housing market - offer a tax credit to EVERY home buyer and not just first time buyers (many of which will be high risk debt I expect). I have no issue with bailing out banks as long as we stop the foolish programs to encourage poor people to borrow money they can’t pay back. In the end, I bet all of these things could be accomplished for a fraction of the cost of the stimulus package. The LAST thing we need is expanded social programs we will never be able to cut back. Economics is all about incentive. We need to incentivize the right behaviors. The Obama plan incentivizes dependency and foolish borrowing. And how about that Octo Mom. Somehow she can afford two in-vitro procedures, plastic surgery to look like Angelina Jolie - but I need to pay for her rent and food.... Only in America. And here is another way to rescue the economy – stop providing health, education, and social welfare benefits to illegal aliens! Enough is enough…. The bottom line is that the things Obama is implementing are morally wrong. Stealing from some to subsidize others, ramming pork and paybacks through as stimulus, and the media acting as Obama's defensive team - blocking all would be tacklers. Shame on the mainstream media. You have no integrity.
JT
JT
of TX
@
Feb 23, 2009 00:26:41 AM
Stimulous v Pork
PORK is spending a trillion dollars on an unnessary war- that has killed or maimed tens of thousands. Worst part is Bush & McCain voted no many times on increased funding to Vets. Thats a fact.Trying to jump start the economy with a stimulous - that's not pork. Folks, Its been all of 35 days..lets give Obama a fair shake, to see what he can do- at least 18-24 months. This crisis developed over 25 + years- since Reagan's policy of deregulation. Obama won 12 states that had not gone Democratic in 25-30 years. That's a very strong message. It says we've had enough of GOP policies that led us to disaster. The GOP wants power back so bad, they'll do anything to crush Obama.
Dianrib
of IL
@
Feb 22, 2009 17:34:01 PM
Santelli's rant & Reagan / Bush policies of deregulation !
Yes, Rick's rant has truth to it. HOWEVER- I'm waiting for Wall Street types to admit that the Reagan / Bush policies of deregulation that gave " Free reign ' to greed on Wall St & Bankers-they did as they damn well pleased. That's what caused this huge crisis. Add trickle down economics and 2 huge tax cuts (Reagan and Bush) No one gives huge tax cuts while fighting 2 wars- .except W.
Bush,Cheney,Reagan & Wall Street really bleeped the country good. Hope they all sleep well at night. Along with the Madoff's of the world.
Dianrib
of IL
@
Feb 22, 2009 17:21:09 PM
Any worse than bailing out Wallstreet
or WF, CG, BOA? Why is it alright to bailout the one's who made billions off the regular folk, then when a man who makes over $250,000 a year questions the needs of a regular working American family, people perk up? Give me a break! We have the "Have and Have Not's" and it is turning into a class war, period. No transparency of the Banks or Wallstreet bailout? THAT Pisses me off!, not trying to keep an American family from living under a bridge.
Wilson
of OK
@
Feb 22, 2009 11:54:53 AM
Right on Rick!
I loved hearing someone finally speak up and get this much attention. I'm sick of this administration's out of control spending, and then telling us that we need to be more "fair" by helping others get out of their financial trouble. The whole point of his rant is that you can't FORCE people to pay $$ for others mistakes. No one learns a lesson. Those who made the mistake will just say "Oh well... Someone will bail me out!" and those who do the right thing say "Why bother? My $$ is going to go out my wallet anyway...Might as well look for my piece of the bailout!"
Jim
of OH
@
Feb 21, 2009 22:58:08 PM
Welfare capitalists
Shilli Santelli does not mind a bailout for the brokers and traders and other wall street types but for the homeowners who are in dire circumstances he abhors it. This is the worst kind of a capitalist. Please take your begging bowl elsewhere for your masters at the CME. We know you depend on their pittance for the daily pablem that you spout.
A
Aaron
of OH
@
Feb 21, 2009 21:01:58 PM
Rick Santelli's Says.........
Rick, great job. You speak for many. DO NOT STOP. It would be great if you could formalize your position into a national movement.
Don
of CA
@
Feb 21, 2009 20:59:54 PM
Beggars can't be choosers
Shilli Santelli and his Wall Street accomplices (beggars) need to shut the hell up since they created this asset class with the subprimes that has destroyed world finance. Bush the half-wit made another blunder in starting the govt bailout. Now they think they know how to work this. Right! Give the money to people with pending foreclosure and let these wall street loosers die off.
A
Aaron
of OH
@
Feb 21, 2009 18:50:00 PM
Santelli
Santelli for President!
P.S.
of PA
@
Feb 21, 2009 14:07:07 PM
War Against Responsibility
Dump a little tea in my cup, please. We fought for our independence from England for less than this involuntary witherawal of tax funds. How do I get off of this boat before it capsizes with all those overextended first time homeowners in it? The Constitution does decree that everyone deserves a home. It also doesn't decree that the US Gov can discriminate against Americans who can and do pay their bills. If first-time homeowners get cash then give me some, too. After all, I already earned it once and they did not.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
JT of TX @ Feb 23, 2009 00:26:41 AM
Dianrib of IL @ Feb 22, 2009 17:34:01 PM
Dianrib of IL @ Feb 22, 2009 17:21:09 PM
Wilson of OK @ Feb 22, 2009 11:54:53 AM
Jim of OH @ Feb 21, 2009 22:58:08 PM
Aaron of OH @ Feb 21, 2009 21:01:58 PM
Don of CA @ Feb 21, 2009 20:59:54 PM
Aaron of OH @ Feb 21, 2009 18:50:00 PM
P.S. of PA @ Feb 21, 2009 14:07:07 PM
P.S. of PA @ Feb 21, 2009 14:05:25 PM
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