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Aug 09 2011

Without Tea Party, Rating Would Be BBB

In light of the preposterous attempts of socialists like John Kerry to blame the Tea Party for the mess Big Government made, the Father of the Tea Party Rick Santelli points out the obvious: without it, Democrats would have jacked up spending even higher, while crippling the economy with more taxes, and our rating would have dropped not to AA+ but lower still:

On tips from Incitatus and TED.



28 Responses to “Without Tea Party, Rating Would Be BBB”

  1. You Do That Voodoo says:

    If you think the Fed can -guarantee- 0% interest rates through 2013, you’re smoking your rolled up ATM receipts.

    Norfolk & Waypal. Promises, promises.

    This was designed to give the Dow a floor above 10,000…
    nothing more.

  2. Coldwarrior57 says:

    DUDE can we draft his ass for president !
    I dont like being yelled at but at least the mother fucker makes his point and you that HE knows what he is talking about.

  3. Screwy Puppy says:

    That was freakin’ awesome!

  4. Goldenfoxx says:

    Remember 2 years ago when Santelli went on his rant about a tea party – and that’s exactly what happened. And look where they went and growing! I’m proud to be a tea party patriot! You ain’t seen nothing yet, we are growing by the thousands! Bye, bye Obummer!

  5. You can tell if someone is a racist if they support Tea Party Patriots and watch Fox News

  6. Hail The Amberlamps! says:

    You can tell if someone is a communist if they parrot the John Heinz MM talking point that the Tea Party is rayciss.

  7. Coldwarrior57 says:

    I say that every one that can help make this go viral!!
    this is what the people need to see.

  8. wingmann says:

    RICK ROCKS!
    He will ALWAYS own lies-man on that show….lies-man is an ASSCLOWN.
    Leaders…in this administration??
    bwahahahahaha…………..LANDSLIDE?

  9. FreedomFox says:

    Someone’s still got their heads stuck in the revenue (read: taxes) cloud, I see.

    There isn’t enough available “revenue” in this whole nation to keep up with the Democrat spending trajectory. That’s just how the cold, hard math works out. We need spending cuts, and we need them fast.

    As I’m pretty sure Santelli’s point was, S&P didn’t care if we raised revenue or cut spending, but cutting spending is more controllable and more effective. If you’re maxing out your credit card, you don’t keep spending more each month and say “Well, I’ll just work harder for that raise, and put in some more overtime.” You have to cut spending, and that’s as true for the individual as it is for the nation.

  10. Fiberal says:

    So its congress, the rich, banks, oil companies, jets, cable news Republicans, Bush, the Tea Party…all to blame.

    Right.

    I’m glad to see that I’ve been exonerated today in the WSJ. The WSJ (finally) pointed out what conservatives have always known: BO is plain, out-and-out, dull-witted, mouth-breathing, blank-eyed, Fragile-X stupid.

    His blame policy proves it.

    Good one liberals; you wanted a big black strutting messiah and you got a lobotomized frog.

  11. Bill T says:

    Meet the new TEAM!
    Breaking: Reid appoints John Kerry, Patty Murray, and Max Baucus to Super Committee
    http://hotair.com/archives/2011/08/09/breaking-reid-appoints-john-kerry-patty-murray-and-max-baucus-to-super-committee/

  12. SPURWING PLOVER says:

    The TEA PARTIES are NOT TERRORISTS their just ordanary americans fed up with the politicians and if they want to realy do something about domestic terrorists i suggest they go after the BLACK PANTHERS,NATION of ISLAM,ALF,ELF, and the BATFE

  13. Jimbo says:

    The more liberals hate me, the more I know I’m doing right.

    Liberal hate and liberal racism are a couple of the things that fuel the Tea Party.

    Of course, liberals are way too juvenile to recognize and properly react to that fact.

  14. AC says:

    If you think the Fed can -guarantee- 0% interest rates through 2013, you’re smoking your rolled up ATM receipts.

    They can. The Fed can print up as much cash as it pleases and loan it to bankster cronies for as little as Ben wants.

    Rates for the rest of us will skyrocket into nightmare territory, but Ben will have accomplished his objectives of keeping the too big to fail banks hitting the Fed’s cheap credit crack pipe and keeping rates on monetized Treasury debt in a range that the government can afford to pay.

    If Treasury rates adjust to a risk-based market rate, then the government goes broke from the interest expense alone.

    Our debt is so large and on such a low “teaser” rate that we will be thrown out on our asses just like a bubble homeowner when his ARM adjusts.

    Ben will not stop serving up teaser rates to the debt junkies at the TBTF banks and the US Treasury.

    Refusal to rein in ZIRP will ignite hellish inflation.

  15. AC says:

    Without the Tea Party we would have been downgraded to ZZZimbabwe.

  16. Agnostic Conservative says:

    Santelli is worth 98% of CNBC.

  17. You Do That Voodoo says:

    @AC

    I guess I was figuring the Fed would be forced to raise interest rates when inflation exploded.

    See what an old Creole Octaroon knows about finance.

  18. Stephan the Original says:

    Why 98%? Why not 630%?

  19. Garpin says:

    Give the man a ’60 3 color starburst strat – It’s time he started playing lead.

  20. Dr. 9 says:

    Given the fact that Rick Santelli was one of the people responsible for making Americans wake-up, which led to the forming of the Tea Party, i’m amazed left-wing NBC keeps him on. Perhaps they’re afraid of the backlash if they dump him. He should have his own show. If they can give a con-artist, professional race-pimp, and shake-down artist like Al $harptongue a show, why not Rick?

  21. real r4 card says:

    The more liberals hate me, the more I know I’m doing right.

    Liberal hate and liberal racism are a couple of the things that fuel the Tea Party.

    Of course, liberals are way too juvenile to recognize and properly react to that fact.

  22. AC says:

    I guess I was figuring the Fed would be forced to raise interest rates when inflation exploded.

    You are right, that is the normal response. That is what they’re supposed to do.

    Doing so would crush the Treasury, the banks, and everyone else on ZIRP life support.

    It would also destroy the value of their bond portfolio of over $2 trillion, because bond prices move in opposition to interest rates. If prevailing interest rates rise then an older bond issued at a lower rate now has a lower liquid cash value.

    This is why I am so worried. The normal policy response is to tighten rates, which they can’t do.

    They are essentially without any ammunition to fight inflation. Their only policy response available is more easing.

    It’s a lose-lose situation. Either the inflation gets us or the skyrocketing debt service costs do. Either way, there is a lot of financial pain ahead.

  23. AC says:

    Remember when Volcker raised rates we didn’t have anywhere close to the debt burden we do today, and additionally, the dollar-weighted duration of the debt was much longer than it is today.

    Turbo Tim has artificially lowered borrowing costs by lowering the duration of our debt. This would be like us financing a house on a 0% credit card, and hoping we can get another before the promo period expires. It may be cheap, but it can lead to disaster. The prudent person would choose a 30 year fixed rate mortgage. Unfortunately, Turbo Tim can’t afford the higher rates of long-term, more stable debt.

  24. Winston Smith says:

    Yep, the downgrade came as a result of Bi-Partisan COMPROMISE which resulted in no real cuts over the next year or two to get past the 2012 elections. S&P knows the alleged cuts over 10 years wont materialize. Congress produced annual budgets, not 10 year budgets. These socalled 10 Year plans are like the Soviet 5 Year Plan’s.

    They just come up with these 10 year time frames to make the socalled cut sound bigger (while not mentioning the deficits over the same period. Besides projections of anything over a year are wildly inaccurate. Who knows what will be going on 5 year from now let alone 10? Think back to 2006 – was the CBO or Congress projecting the crash/recession between 2008 and 2011+?

  25. Judester says:

    I love the way our posters are stirring the pudding and the big surprises the day after the elections similar to Wisconsin.

  26. Deborah says:

    Barky knew of downgrade at 1:30 on Friday, then takes off for Camp David without a word.
    I am a mental health professional who has worked with criminals for years.
    I understand sociopathic behavior. They cannot accept responsibility for their actions and they cannot feel empathy for others. These are symptoms of their mental illness.
    We are on a roller coaster to hell with this guy as our president.
    Powder is dry.

  27. Remember the opening of the movie Patton? Can you here the music?

    Its been a long time since I had that feeling.

    Thanks Rick.


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