Thursday, March 5, 2009
Money Lesson Learned
Posted by Paul Constant on Thu, Mar 5, 2009 at 8:47 AM
Douchebag Rick Santelli should have learned from David Letterman's evisceration of John McCain: Never cancel on a talk show host who can talk politics. They will scorch your earth, hilariously:
Gold Star Comment for this post goes to Gabriel, who cuts to the chase:
The weird thing about people like Santelli, Jim Cramer and Glenn Beck is that, while their rhetoric sounds like classic little-guy populism, they're actually arguing against the little guy. They barely batted an eyelash over the past six months when corporations were getting massive bailouts, but lend the average American a hand and they go apeshit.
Share via
3
The weird thing about people like Santelli, Jim Cramer and Glenn Beck is that, while their rhetoric sounds like classic little-guy populism, they're actually arguing against the little guy. They barely batted an eyelash over the past six months when corporations were getting massive bailouts, but lend the average American a hand and they go apeshit.
4
@3 i agree... but i think their rhetoric is classic middle-guy populism, if there is such a thing. middle-guy who thinks they are little guy. for this suburbanite, who does feel like they struggle to make ends meet but actually has it pretty well off, the enemy is more the person who coudn't afford their loan, or the neighbor who borrowed for an addition to their house when they could not afford it. for that person, who has stocks, putting the money into banks and wall street does seem more enticing than the bailing out the "enemy" in their mind.
i loved what jon did, and at almost nine minutes, thought it was too short.
i loved what jon did, and at almost nine minutes, thought it was too short.
5
I totally loved that part of the Daily Show.
Back when they got all excited and were saying it would go up, I started telling people to pay off their debts instead of putting money in stocks.
It's only now that the market is fairly valued - and, yes, the P/E ratio is about where it should be, not under - that you should start investing, since you obviously would never put money in stocks you intend to use in less than seven years (aka 401(k), 403(b), Roth IRA).
Remember, the people giving you financial advice who say Obama's taxes are bad all make more than $250,000 a year.
Back when they got all excited and were saying it would go up, I started telling people to pay off their debts instead of putting money in stocks.
It's only now that the market is fairly valued - and, yes, the P/E ratio is about where it should be, not under - that you should start investing, since you obviously would never put money in stocks you intend to use in less than seven years (aka 401(k), 403(b), Roth IRA).
Remember, the people giving you financial advice who say Obama's taxes are bad all make more than $250,000 a year.
6
Great clip. CNBC has been part of the problem for a long time. They're too much a part of the action to have any objectivity or big-picture awareness. And Maria Bartiromo is a tool -- lately she has been commiserating about how limits on executive compensation will drive all the "talent" from the Street.
7
what i really love, is everyone booing santelli, but he is so deluded and arrogant he thinks they were agreeing with him.
i love the guy next to santelli, who wants to kill him but then panics realizing he is on camera and is not the attention whore that santelli is. friggin' awesome!
i love the guy next to santelli, who wants to kill him but then panics realizing he is on camera and is not the attention whore that santelli is. friggin' awesome!
8
That was a beautiful little clip!
Oh and #7 I had that same feeling because Santelli had asked them to raise their hand and no one did - they booed!
Oh and #7 I had that same feeling because Santelli had asked them to raise their hand and no one did - they booed!
Most Commented on Slog
-
WTF? by Dan Savage
-
Your Wife Died Alone... by Dan Savage
-
Meanwhile in Vancouver by Dan Savage
-
Is Your Teen Out of Control... And Smoking Hot? by Dan Savage
-
Health at Every Size by Dan Savage
-
PETA vs. Thanksgiving by Dan Savage
-
The Cost (and Fear) of Dying by Anthony Hecht
-
The Democrats Have 60 Votes in the Senate for Health Care Reform by Jonathan Golob
-
SL Letter of the Day: Hot For Twinks by Dan Savage
-
Boy-Nerds Offended by Cootie-Ridden "Girl" Movie by Paul Constant
RSS
Facebook
Twitter
Comments (9) RSS