The Negotiated Solution » Blog Archive » Rick Santelli of CNBC Takes No Prisoners on the Obama Free Lunchcapades with Mortgage Subsidy Plan.

I have nothing but respect for Rick Santelli. Why should someone get a free ride when the majority of Americans (92% approximately) are making their mortgage payments even if it’s difficult to do so in the current environment. It’s all about social responsibility. My hat goes off to Rick for standing up and shaking the White House Tree. He really pissed people off in the administration to a point where they came out and went on the attack on television. Freedom of speech baby, suck it up and take your lumps White House because this isn’t over by a long shot.

Give em hell Rick, American was not built on handouts and rewarding failure. Failure and renewal must occur if the free markets are to function and allow our country to recover from this nasty recession. More on this and the Obama Lunchcapades plan and how it affects you in my next blog.

Here is a link to the video if you are interested.

Santelli’s Tea Party

CNBC’s Rick Santelli and the traders on the floor of the CME Group express outrage over the notion they may have to pay their neighbor’s mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capital.

http://www.cnbc.com/id/15840232?video=1039849853

Blogging from the front line of the housing crisis and www.thenegotiatedsolution.com

GHunter

Submitted on Saturday, February 21st, 2009 at 2:43 pm

2 Responses

Jeff Says:
February 21st, 2009 at 5:36 pm
Will the stimulus help the economy? it’s not clear. It sure is going to raise the budget deficit. But that may be worth it. I saw an interesting article on the history of recession on

http://www.recessioninfocenter.com
mortgage Says:
January 27th, 2010 at 7:30 pm
Although I knew this, I still found the post quite interesting.