Tuesday, February 24, 2009

Santelli Nation

The Politico reports that a Rasmussen poll found 55% of those surveyed (49% of Democrats) believe that Obama's federal mortgage subsidies "rewards bad behavior". As you recall, CNBC's Rick Santelli passionately argued last Thursday against the mortgage bailout and stimulus plan. The White House press secretary, Bobby Gibbs, brushed off Santelli's comments, dismissing him "as a know-nothing derivatives trader out of touch with Main Street".

Although proponents claim that the plan does not reward irresponsibility but is rather an effort to stabalise the housing and financial markets, both you and I know better.

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