Rick Santelli is one of the only regular commentators on CNBC that understands what is REALLY going on with this economy.  Herb Greenberg was once on that list, but he unfortunately left CNBC a while back to pursue other interests.  And then there was one.


Back to Rick.  Here is the rant that was heard around the world today on CNBC, and Rick is dead on right about this one.

Rick does not play favoritism with his criticisms.  Here is an older video showing Santelli blasting the CHIEF IDIOT of CNBC, Jim Cramer.  Thanks to Don Harrold for putting this piece together.  In the video, Santelli blasts Cramer for his blatant stupidity of calling a bull market the entire way down.

Criticalmas also gives an excellent summary of Cramer’s stupidity in this post.

There’s a great economic truth summary from iStockanalyst, with excerpts below:

The entire last two decades of so-called “Economic Growth” has been fueled by one fraud after another, starting with the Internet Bubble.

This fraud has been systematic and the mainstream media has been both an implicit and explicit enabler of these frauds, instead of doing its job, which is to root them out.  The looks on the faces of the other CNBC “anchors” was one of abject fear – perhaps parts of ”The Fourth Estate” is coming to realize that when the pitchforks and torches come out – and they certainly will if we hold the course we’re on – they might have some trouble explaining why they shouldn’t be near the head of the list of those being “sought”?

Back to the Santelli Tea Party.  It may have just been a metaphor, but his talk of a TEA PARTY has gotten the world riled up.  People have had enough of the socialism of losses from STUPID CEO BANKERS.  The world is now putting pressure on Rick Santelli to come through and organize a massive tea party in Chicago this summer.  Perhaps we can have a “Cramer Roast” in Grant Park to celebrate.  Thanks to ticker-forum for the picture below.  Stay tuned, but make mine a jasmine pearl oolong tea, please.

rick-santelli-tea-party