On CNBC, Rick Santelli went on another rant, but when told that we have to worry about ordinary Americans, Santelli said that ordinary Americans, “should get a better education and earn more money,” but at the same he blasted spending more money for education.
Here is the video from Media Matters:
Rick Santelli is so out of touch. He has no idea what is really going on. He blasts Obama’s budget for increasing the deficit, but anytime Bush is mentioned he claimed that he didn’t want to talk about the past. I don’t think that Santelli can see anything but the markets. He has no idea that it isn’t easy to get an education, and earn more money.
His logic goes back to an old conservative myth that poor people are lazy. These people aren’t lazy. Many of them lost their jobs due to the collapse of the markets that Santelli so viciously defends. Notice that Rick’s main beef is that he wants more federal money for the credit crisis. Federal spending is good when it benefits him, but now isn’t the right time for education and healthcare.
Santelli has no clue. He is advocating cutting spending in a recession. After the tea bag protests were called nonsense, Santelli said, “Oh, it’s nonsense! It’s nonsense! Forty-six percent of the population is nonsense…Let’s go hug Chavez and tell tea baggers they’re criminals.” Nobody has called tea baggers criminals, unless their crime is unintentional comedy.
Rick Santelli needs to stick to talking about the markets, and leave the economic discussions to people who know something about the subject. He is so insulated that he no grasp of the reality that millions of people are facing right now. He is a cartoon character who is advocating 80 year old failed economic policies, and shouldn’t be taken seriously by anyone.