Friday, February 20, 2009

CNBC's Rick Santelli scolds Obama on his "dead beat bailout mortgage" plan.

Judging from the reaction Rick Santelli received from the traders in the background, it's a safe bet to say that Wall Street doesn't have much confidence in the economic policies of the Community Organizer turned President. A few months ago I said point blank that Barack Oama would be no friend to capitalism. Now I know why the stock market seems to always sell off every time Obama opens his mouth. It's a good thing Obama won't be giving the State of the Union address during regular trading hours. If Mark Haines can manage to get his head from out of Obama's rear end, he should take some lessons on how capitalism works from Rick Santelli. Rick understands it perfectly.


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