Gibbs vs. Santelli

Friday, February 20. 2009

The most interesting thing about White House Press Secretary Robert Gibbs response to CNBC's Rick Santelli's criticism of the Obama Administration's anti-foreclosure plan was Gibb's assertion that Santelli 'doesn't know what he's talking about.'

Before joining CNBC, Santelli spent 20 years in the trading business, both on and off the trading floor.

Gibbs has spent his whole life in politics and apparently has no business experience, spending most of his professional career as a political spokesman.

Remember that as you watch the video:

Posted by Tom Elia in Politics at 15:15 | Comments (15) | Trackbacks (0)

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The DOW is down 6.2% for the week. Meanwhile, he Obama administration is lecturing to the capital markets when instead they should be listening to them. Clinton managed to learn this early enough in his administration to do something about it ('You mean I'm beholden to a bunch of bond traders?' Well yes you are, Mr President- they control trillions of dollars in assets: potential venture capital and all that, you know?).

#1 rightguy (Homepage) on 2009-02-20 16:31 (Reply)

Re you surprised, rightguy? The economy is still suffering major trauma from you conservative rightwingers.. what a disaster conservative economics has been..if we all lose everything, conservatives will be blamed. Let's hope Obama can undo at least some of the damage that Wall street,banks, and unregulated markets have done.

#2 don on 2009-02-20 18:04 (Reply)

Thank god you know it all. Keep on hoping, don.

#2.1 Eric on 2009-02-20 18:49 (Reply)

Regulation like Barney Frank, Maxine Waters on Fannie and Freddie right? Bush, McCain and others brought the problems of the housing to these idiots and these idiots kept saying (EVEN AS LATE AS AUGUST 2008) OH NO there is nothing wrong with Fannie and Freddie there's nothing WRONG with the job Raines CEO of Fannie is doing guess what...........
Under Raines, Fannie Mae committed "extensive financial fraud." Raines made millions. Fannie Mae collapsed.
BARNEY FRANK'S BOYFRIEND was an executive at Fannie.
This is just to name a few google it and you will find out.

#2.2 Karen on 2009-02-22 07:34 (Reply)

I'm a bond trader. Bond traders don't know jack except for whatever it takes to make their next trade.

#3 Bond Trader on 2009-02-20 18:38 (Reply)

I was actually quoting Bill Clinton's characterization -to Robert Rubin- of the capital markets as a 'bunch of bond traders'. But the truth of the matter is that the economy won't grow again until venture capital starts going into new business, etc. And that will only come from the capital markets- which are currently reacting as though all of Obama's economic initiatives are poison. I don't think that this sanctimonious dweeb Gibbs has any idea about all that, and neither does his boss.

#3.1 rightguy (Homepage) on 2009-02-20 20:05 (Reply)

Bailout life's losers, turns everything that is right and wrong on it's head. As this BagDad Boob guy proves, trying to talk to a libtard just makes no sense.

The center of the problem is the home loan crisis caused by Barney's Fwank, Freddie and Fannie and the Democrats pushing loans to people who had no business getting them. No point in arguing with the libtards, they are so full of hate fed them by the DNC they can't see straight.

#4 bill-tb on 2009-02-20 18:50 (Reply)

I'm not the first to make this comparison, but Robert Gibbs actually makes Scott McClellan look intelligent. That ain't easy.

#5 Peg C. on 2009-02-20 20:56 (Reply)

PS I made that same connection and if you can make Scott McClellan look smart, you are one big dumb bozo.

#5.1 Judith Hofbauer on 2009-02-20 22:10 (Reply)

Nobody in this clown car, from Obama on down, has run so much as a lemonade stand in the private sector. These are lifetime Chicago machine politicians who have not produced a single thing of value in their lives. Thugs, looters, crooks and moochers, one and all. We must resist their rule by all practical means.

#6 John Skookum on 2009-02-20 22:06 (Reply)

Go Rick Santelli! Libs are so dumb they are boloxed when they discover the rest of us have figured it out. Maybe Santelli can lead us out of the wilderness; he seems to have the cojones.

#7 Judith Hofbauer on 2009-02-20 22:07 (Reply)

Wow, what happened to these guys? I can't remember anytime during the bush years them attacking someone in the press so angrily & prominently. They are what, one month in and already coming unglued by criticism? The news must be worse than they are letting on.

#8 gk1 on 2009-02-21 00:08 (Reply)

If the O admin continues on the path of responding publicly to every TV or radio personality that disagrees with them they will drown in their own feedback loop. I would encourage that.

Chris Matthews is shameless.
Rick Santelli for President 2012

#9 Jrod on 2009-02-21 07:26 (Reply)

Don't forget he has to supervise every capital spending project in the country at the same time. Quite a task for some guy who's never held a real job in his life.

#9.1 Bandit on 2009-02-21 10:15 (Reply)

GOOD for SANTELLI! I'll join his tea party!
I'm so sick of hearing about how "The American People are struggling to pay their mortgages" Aren't we all but WE DO IT. Responsible people do it .. I do it on my lower middle class income with two children and a disabled husband. I refinanced my mortgage when my ARM went into affect because I worked my a** off to pay my bills on time to improve my credit and reduce my debt .... and guess what? The mortgage companies called ME to refinance! My guess is that the people that can't do it either 1. don't have a job 2. haven't paid bills on time or 3. have too much debt. So I don't care about the rhetoric about foreclosed homes on my street will reduce the value of my home it will pass... and in fact there are some already and they are already being bought because of the GREAT deals you can get from these banks. I don't buy that banks aren't lending my brother-n-law just bought a bank owned home and like I said they wanted to get rid of and gave him a GREAT deal.
93% of the people are responsible that are either poor, middle class or rich.

#10 Karen on 2009-02-22 07:20 (Reply)

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