August 8, 2011

Thanks Again, Rick Santelli: ‘If It Wasn’t for the Tea Party … We’d Be Triple-B’

Filed under: Economy,Taxes & Government — Tom @ 6:55 pm

A true thing of beauty.

Just watch (HT The Right Scoop):

Transcript of relevant portions (roughly the first two minutes, after Santelli is asked, “What do you make of what’s happened since Friday):

Santelli: You guys ever play sports, y’ever been on an organized team?

Answer: Yes.

Santelli: Okay, y’know, sometimes you get a couple of bad calls, or the game didn’t go your way and it should’ve. A good coach isn’t going to come up to you and say, “Gee, y’know, the other team really stinks. Y’know, I’m mad. We’re gonna fight, we’re gonna appeal. We’re gonna go to every league and every lawyer.”

No, y’know what a good coach says? “It doesn’t matter, okay? We’re a better team than this.” Just take this to motivate the team to go on to greater things.

Y’know, the Treasury Secretary, the 8% excuses, y’know, the blame Bush, blame the sun, blame this. Y’know what leadership means? It means it doesn’t really matter what S&P says. We all know deep inside that no country’s the same as it was five years ago. And the market seems to be okay with it.

And as for stocks goin’ down, we’re already Ralph Cramden on thin ice. Now an infant jumped on our shoulders. It’s even more weight.

In the end, in the end, we need to address problems we know exist. A Treasury Secretary or a President should be out here not fighting S&P, not grabbin’ the other coach and slappin’ ‘em around, takin’ the umpire behind the barn. He should be getting the team psyched to overcome. See, I remember I had a professor in college. I wrote a great paper, could never please this guy. But it made me better, okay?

We nee-, we’re better than this. Don’t get caught up in the minutiae, all this BS. We’re better than this. We need to prove it. We’re off the track. Whether we’re better than some other country or not, the real issue is we’re on the wrong path.

Blame the Tea Party? Geez, no wonder Kerry did so well in an election! If it wasn’t for the Tea Party, they’d have passed the debt ceiling thumbs-up, we’d have been rated Triple -B.

By the way, what is the full name of that complete jerk “Steve” who thinks it’s his moral duty to interrupt Santelli, believes that tax increases are the answer to everything (never mind that we’re either in a recession or darned near it), and actually said with a straight face that we’re every bit as creditworthy as a country now as we were five years ago? He’s about as insufferable as anyone I’ve seen on a business program.

You want “revenue,” Steve-O? Here’s how you get it:

  • Selectively sell federal lands.
  • Drill baby drill.
  • Frack baby frack.
  • Selectively sell more federal lands.
  • Call off the EPA attack dogs.
  • Expedite permitting processes across the board.
  • Overall, cancel the current fear-based economy by repealing Obamacare and its $400-plus billion in tax increases and telling the statist-in-chief to sit on the sidelines for the next 17-1/2 months. Watch the economy respond and generate all kinds of corporate and individual tax collections.
  • Restore the 2% Social Security cut next year; it didn’t “stimulate” anything, and Social Security is too broke.

That’s just a warm-up. You don’t need across-the-board, recession-inducing tax increases to take in more money (and they won’t produce as much as you think they will anyway) — unless your goal is power and control, and not economic growth and prosperity.

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9 Comments

  1. Did Santelli read my e-mail earlier? If it weren’t for the Tea Party – Obama still wouldn’t be at the table. LOL

    Comment by Gary Hall — August 8, 2011 @ 7:43 pm

  2. #1 Gary, yeah, I forwarded it. :–>

    Comment by TBlumer — August 8, 2011 @ 8:48 pm

  3. restore the 2% social security cut next year? please no. add a means test to social security first so we see how much it’s supposed to cost. leave my money alone.

    deskbox

    Comment by deskbox — August 8, 2011 @ 8:56 pm

  4. Trouble is, the system was running a $50 billion deficit BEFORE the cut. Now it’s about $150 billion. It’s unsustainable.

    Social Security is already means-tested in at least two ways:
    - the more you make the less your retirement benefit is as a percentage of your income by stunning amounts (if pension plans worked this way, the people who ran them would be in jail).
    - if you make above certain pretty low amounts after retirement, you have to pay federal income tax on either half or 85% of your benefits.

    So you’re saying you want it MORE means-tested. Maybe that’s an alternative, but starving the system of $100 billion a year when it’s already running a cash deficit is not a solution.

    Comment by TBlumer — August 8, 2011 @ 9:21 pm

  5. Hey Tom — I almost fell off my chair. On the other hand, if you did – thanks.

    Truth be known, I think his remarks were prior to my e-mail; however, I was all over that by last Friday. (;~>

    Comment by Gary Hall — August 8, 2011 @ 10:55 pm

  6. If the Past Few Days Have You at Least a Little Worried…

    Whoops — Sorry Dan, This is Tom. I must interrupt your comment to prevent the promotion of objectively unfit presidential candidate Mitt Romney.

    Here’s the truth:
    http://www.youtube.com/watch?v=dwwcAa6nHm4

    Your guy is objectively unfit. Nothing will ever change that, and the sooner you and the rest of the country recognize it, the better.

    Have a nice day.

    Comment by Dan — August 8, 2011 @ 11:36 pm

  7. [...] eventual reaction, and who Barney Frank is blaming. He also echoes Rick Santelli’s “we’re better than this” riff (internal links added by me): Obamageddon, Barackalypse Now! Bam is “Debt Man [...]

    Pingback by BizzyBlog — August 9, 2011 @ 9:15 am

  8. [...] of Tea Party patriots (i.e., “The Tea Party Downgrade”) cannot be allowed to stand. Rick Santelli’s passionate defense earlier in the week was a good [...]

    Pingback by BizzyBlog — August 10, 2011 @ 8:39 am

  9. [...] avoiding tax increases, they mostly didn’t. But it could have been much worse. As Rick Santelli said on Monday after the market’s close: “If it wasn’t for the Tea Party, they’d have passed the debt [...]

    Pingback by Daily Dive 10 August 2011 | adeliemanchot — August 10, 2011 @ 12:44 pm

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