CNBC's Santelli calls for Chicago Tea Party against Obamanomics!!!

[SeedyROM]

Watch the video, this will be one of the best rants of 2009!!!

"Thomas Jefferson and Benjamin Franklin would roll over in thier graves" One of many good lines in the video. Obama is swaying from the principles of fair government. Obama refused to stop the housing crisis as a Senator, now he wants to reward bad behavior!!!

The public must buy homes within thier means to repay! Obama is also rewarding bad corporate behavior with more funds to continue the bad behavior. Democrats refused to change mortgage laws, now democrats refuse to listen once again!!!!!

Fairness will be the death of us. In all the discussions of Obama's new housing plan, the notion of fairness, or rather, the plan's fundamental unfairness, comes up again and again.


hKXle0vJLU4

What about the rest of Americans who want 4% fixed mortgage?? The vague rules seem to write out millions who want to refinance at a lower rate.
That means you and me are excluded outside of the rules for 9 million. Should the law require banks to refinance all Americans who have played by the rules.

http://www.cnbc.com/id/29299591
President Obama’s massive mortgage-bailout plan is nothing more than a thinly disguised entitlement program that redistributes income from the responsible 92 percent of home-owning mortgage holders who pay their bills on time to the irresponsible defaulters who bought more than they could ever afford. This is Obama’s spread-the-wealth program in action.

Team Obama is rewarding bad behavior. It is enlarging moral hazard. It is expanding its welfarist approach to economic policy. And with a huge expansion of government-owned zombie lenders Fannie Mae and Freddie Mac, Team Obama is taking a giant step toward nationalizing the mortgage market.

Reporting from the Chicago commodity pits, my CNBC colleague Rick Santelli unleashed a torrent of criticism over this scheme. Santelli said: “Government is promoting bad behavior . . . Do we really want to subsidize the losers’ mortgages? This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama, are you listening? How about we all stop paying our mortgages! It’s a moral hazard.”

Then there’s Fannie and Freddie, the big winners here. Only their products are eligible for mortgage relief. Jumbo mortgages are not. Neither are private-label mortgages created by various non-bank lenders. Fan and Fred already run 48 percent of the mortgage market. Obama’s proposal would greatly enlarge that and move the mortgage system toward government nationalization.

What’s even more incredible is Team Obama’s stubborn refusal to have any faith in the free market. In some of the hardest hit areas of the country, markets are already solving the housing problem. Writing on his Carpe Diem blog, University of Michigan professor Mark Perry notes that while California home prices dropped 41 percent in 2008, home sales in the state jumped 85 percent. It now looks like 2008 sales for single-family houses will exceed levels reached in 2007.

What’s more, the unsold-inventory index for existing single-family detached homes in December 2008 was 5.6 months compared with 13.4 months for the year-ago period. And the median number of days it took to sell a single-family home dropped to 46.1 in December 2008 compared with 66.7 in December 2007. So inventories are dropping, the number of days to sell a home are falling, and sales are rising in the wake of lower prices.

If the government really wants to help, instead of bailing out irresponsible mortgage holders, it should support new and younger families who want to buy starter homes and begin to climb the ladder of prosperity.

All this is free-market economics 101. And I say, let free-markets work. Let’s remember that most folks -- even those with underwater mortgages, where the loan value is more than the home value -- do not walk away from their obligations. They don’t want to wreck their credit -- and their homes are their castles. That’s the American way.

But if we penalize the good guys and subsidize the bad ones, we are undermining the moral and economic fabric of this country.

[Hog Trash]

The Stimulus Bill was written and passed by people who's only concern is promoting liberal ideology and has absolutely nothing to do with fixing the economy. Any improvement in the economy, if any, will only be temporary. I can't figure out how Obama plans to be re-elected unless he believes a temporary improvement will be timed with the 2012 election, or that he's a good enough bullshiter to re-scam the same suckers out of their votes a second time. Whatever the plan, it depended on getting the Bill passed quickly, although I suspect this had alot to do with not wanting to give anyone time to read it, especialy the public. If what was actualy in the Bill would have gotten out to the people, the outcry to vote it down would have been overwelming. Whatever Obama's plan is, it's on schedule, at least for now. We can only hope he slips up somewhere along the line or that the people wise up.....The Obamamania is still going strong though....It's not looking good for our childrens future.

[Kanadesaga]

I wonder why Santelli fuckwad didn't say boo when all that money went to bail his fuckturd friends on Wall st. out. Take every word he says and apply it to Wall Street. Bet he changes his greedy fucking theiving words then.

[Hog Trash]

I wonder why Santelli fuckwad didn't say boo when all that money went to bail his fuckturd friends on Wall st. out. Take every word he says and apply it to Wall Street. Bet he changes his greedy fucking theiving words then.You're about a dumb little pussy fuckin wigger....If civilization should colapse, you will not survive....You will be food.

[Kanadesaga]

You're about a dumb little pussy fuckin wigger....If civilization should colapse, you will not survive....You will be food.


fuck you fat boy!! I would dine on your bones and hear the lamentation of your women. and it is spelled "collapse" you ignorant cracker!!

[Hog Trash]

fuck you fat boy!! I would dine on your bones and hear the lamentation of your women. and it is spelled "collapse" you ignorant cracker!!Being a liberal, you're at the bottom of the food chain...That makes you a weak little pussy...In hard times, I doubt you would ever dine on anything but rats and cockroaches.

[Kanadesaga]

Being a liberal, you're at the bottom of the food chain...That makes you a weak little pussy...In hard times, I doubt you would ever dine on anything but rats and cockroaches.


Fuck you fat boy! Makes me your worst fucking nightmare!! A liberal with balls. Bring it motherfucker, if you can get your fat ass out of the chair. And rats and cockroaches are just your speed, faggot ass cracker!!

[Hog Trash]

Fuck you fat boy! Makes me your worst fucking nightmare!! A liberal with balls. Bring it motherfucker, if you can get your fat ass out of the chair. And rats and cockroaches are just your speed, faggot ass cracker!!There's no such thing as a tough liberal....You're a pussy and a coward and you've always known it...It bothers you but you continue to talk tough on the phone or a computer....A long distance rambo....Do you get drunk and act big and bad some times untill someone puts you in your place?...Do you watch movies and fantasize that you're one of the bad boys and that all the girls are crazy about you?...Wouldn't you love to break free of the fear that rules your life and be a real man?....You're only nightmare is that you have lived your entire life as less than a man and someday you'll die knowing you are less than a man....I've seen alot of pussies like you in my many years....You're a sad bunch that talks to much and does nothing....I was more of a man at 12 years old than you'll ever be boy....I am at the top of the food chain, and you my friend are a greasy little pork chop.

[Smurf-Herder]

If you ask me, there's something fundamentally contradictory with bailing out banks for giving risky loans, telling them they went too far, then saying they have to give more loans out to people even they consider too risky, after the collapse caused by them giving out risky loans.

[Kanadesaga]

There's no such thing as a tough liberal....You're a pussy and a coward and you've always known it...It bothers you but you continue to talk tough on the phone or a computer....A long distance rambo....Do you get drunk and act big and bad some times untill someone puts you in your place?...Do you watch movies and fantasize that you're one of the bad boys and that all the girls are crazy about you?...Wouldn't you love to break free of the fear that rules your life and be a real man?....You're only nightmare is that you have lived your entire life as less than a man and someday you'll die knowing you are less than a man....I've seen alot of pussies like you in my many years....You're a sad bunch that talks to much and does nothing....I was more of a man at 12 years old than you'll ever be boy....I am at the top of the food chain, and you my friend are a greasy little pork chop.

Do you suck dicks too? You certainly suck ass!!:lmao2:

[Dale escondido]

If you ask me, there's something fundamentally contradictory with bailing out banks for giving risky loans, telling them they went too far, then saying they have to give more loans out to people even they consider too risky, after the collapse caused by them giving out risky loans.

Whats more amazing is the fixers from both partys who think this will work probably never balanced a checkbook or been in a grocery store.

All we hear is about complexity, complexity means you working on too many things at once.

[SeedyROM]

The Stimulus Bill was written and passed by people who's only concern is promoting liberal ideology and has absolutely nothing to do with fixing the economy. Any improvement in the economy, if any, will only be temporary. I can't figure out how Obama plans to be re-elected unless he believes a temporary improvement will be timed with the 2012 election, or that he's a good enough bullshiter to re-scam the same suckers out of their votes a second time. Whatever the plan, it depended on getting the Bill passed quickly, although I suspect this had alot to do with not wanting to give anyone time to read it, especialy the public. If what was actualy in the Bill would have gotten out to the people, the outcry to vote it down would have been overwelming. Whatever Obama's plan is, it's on schedule, at least for now. We can only hope he slips up somewhere along the line or that the people wise up.....The Obamamania is still going strong though....It's not looking good for our childrens future.


Over $350 billion in pork is not a stimulus, its a Chicago Machine Fraud! Democrats voted for corruption to continue in DC. Obama is 4 more year sof BUSH!! Obama has driven down the stock market wth every speech since election day. Obama must not be re-elected, he's done more spending damage in 1 month than Bush did in his first 5 years, Iraq excluded.

Obama took over 4 days to sign Porkulus, I thought the Bill was a rush job, so important the Bill could wait 4 day!!! LOL, what a fucking fraud, this filthy scoundrel suxs as bad as Bush, in fact Obama is worse than Bush because people who voted for this Thug are still think or pretend this thug is going in the right direction. Debt and Keynesian is always the wrong direction. Only a sheep would disagree.

Ignore Kanadesaga, he's a racist Puerto Rican, "cracker" is racist, he hates white people. I seriously doubt this racist cares to admit that free loaders will be given our tax dollars to pay for something they could afford. When people start in on grammer and spelling you know they have little intellect left because they can't fully grasp the problem. Its amazing at how dumb some motherfucking school teachers are these days, a racist teacher is the worst kind of teacher.

[SeedyROM]

If you ask me, there's something fundamentally contradictory with bailing out banks for giving risky loans, telling them they went too far, then saying they have to give more loans out to people even they consider too risky, after the collapse caused by them giving out risky loans.

Democrats or liberals or whatever they pretend to be can no longer rationalize bankruptcy reorganization as a smarter solution. Some dumb liberal fool said bankruptcy equals failure when it fact it represents an opportutnity of a lifetime to reorganzie and write down the debt so the company can afford to continue operations. $350 billion in pork is proof this bill is a bad risk. Rather than rewarding banks with more money for risky loans, let the worst of the worst fail to be bought out by the conservatively run banks that did it the right way, there are thousands of banks like Suntrust and Regions bank that could take over the bad banks and correct the problems from within.

ACORN will mount the next fraudlent assault for free loader loans and more phoney racist rants used to blackmail banks for loans. ACORN is like Jeese Jackson on steroids, god knows Jeese has mounted many anti racist assaults cleverly disquised blackmail for cash scams.

[Dale escondido]

Democrats or liberals or whatever they pretend to be can no longer rationalize bankruptcy reorganization as a smarter solution. Some dumb liberal fool said bankruptcy equals failure when it fact it represents an opportutnity of a lifetime to reorganzie and write down the debt so the company can afford to continue operations. $350 billion in pork is proof this bill is a bad risk. Rather than rewarding banks with more money for risky loans, let the worst of the worst fail to be bought out by the conservatively run banks that did it the right way, there are thousands of banks like Suntrust and Regions bank that could take over the bad banks and correct the problems from within.

ACORN will mount the next fraudlent assault for free loader loans and more phoney racist rants used to blackmail banks for loans. ACORN is like Jeese Jackson on steroids, god knows Jeese has mounted many anti racist assaults cleverly disquised blackmail for cash scams.

The more people and orgs you are indebted to the more complex solutions are.
Chapter 11 restructuring is offensive to the unions so is being avoided.
Does anyone think that the american auto industry will be profitable this or even next year?
If there were no consideration of bailout moneys the chapter 11 would already have been filed.
So how do we win in this game?
But washington has debts to pay to so many groups they cant consider logic.
The banks? What if half or more fail? Is that the end?
Probably not. FDIC kicks in and good loans are sold and only bad loans are lost.
But since 75% of the moneys were packaged and sold to foreign investors our leadership cant let them fail. After all the US caused all this mess is the rheteroic. Although as of lately were finding most all countries got caught in the fever in their own countrys.
Housing is where all this leads. Everytime house prices depreciate we move to a new group who might walk away and cause a deepening of the problem.
And now there is talk of tearing houses down to fix this like plowing crops in 29. While people are living under bridges.
This is what government is there for. This need to be brought under some regs to help.
Let the markets find the bottom and work with what youve got.
We are not going to start spending like drunken sailors so fucking forget that as an answer.

[Hog Trash]

Over $350 billion in pork is not a stimulus, its a Chicago Machine Fraud! Democrats voted for corruption to continue in DC. Obama is 4 more year sof BUSH!! Obama has driven down the stock market wth every speech since election day. Obama must not be re-elected, he's done more spending damage in 1 month than Bush did in his first 5 years, Iraq excluded.

Obama took over 4 days to sign Porkulus, I thought the Bill was a rush job, so important the Bill could wait 4 day!!! LOL, what a fucking fraud, this filthy scoundrel suxs as bad as Bush, in fact Obama is worse than Bush because people who voted for this Thug are still think or pretend this thug is going in the right direction. Debt and Keynesian is always the wrong direction. Only a sheep would disagree.

Ignore Kanadesaga, he's a racist Puerto Rican, "cracker" is racist, he hates white people. I seriously doubt this racist cares to admit that free loaders will be given our tax dollars to pay for something they could afford. When people start in on grammer and spelling you know they have little intellect left because they can't fully grasp the problem. Its amazing at how dumb some motherfucking school teachers are these days, a racist teacher is the worst kind of teacher.Last night on Oreilly, Michael Steele said Obama has spent 36 Billion dollars a day in his first month in office....What's his second month going to bring?

[Dale escondido]

Last night on Oreilly, Michael Steele said Obama has spent 36 Billion dollars a day in his first month in office....What's his second month going to bring?

I am sure the deficiet will be cut by next month,
OH YEE OF LITTLE FAITH.
If you feel the love things will look so much better:taunt:

[SeedyROM]

Last night on Oreilly, Michael Steele said Obama has spent 36 Billion dollars a day in his first month in office....What's his second month going to bring?

I saw that too. Obama is a wreckless fool out to deceive the people with his corrupt Chicago politics and Sal Alinsky double talk.