CNBC contributor Rick Santelli ranted against the media’s tendency to accept certain things as settled fact.
According to Santelli, the media, “whether press, TV or whatever it is,” aren’t focusing enough on presenting hard data. “I don’t care how many people visit a website. I want to know how many people, you know, have lost, how many people have gained, the intersection, how many people have paid, you know, kind of an analytical, quantitative approach.” [See video below.]
CNBC’s Rick Santelli recalled the five-year anniversary of the stimulus, housing bailout and blowing “a gasket” during “Squawk on the Street” today.
“On Feb. 19 I blew a gasket. But basically, what was born at that point was the voice of dissension. How do we know that? Many of course still remember the IRS issues. President said maybe there wasn’t a smidgen of, of, of negativity there or news there or anything inappropriate there,” Santelli explained. “But it seems like, if you look back, it was February of 2009 where all of that started if you look at some of the IRS records. But dissension was born!” (Video Below)
CNBC’s Rick Santelli is a man who isn’t afraid to speak his mind. His Feb. 19, 2009, rant was credited with inspiring the start of the Tea Party. It’s not alone. Santelli raises his voice on the floor of the Chicago Board of Trade whenever he feels that an important point of information isn’t getting enough attention.
Complete with arm waving, props and a lot more facts than liberals are comfortable with, here are what we at the Business and Media Institute have decided are the five best Rick Santelli rants of all time.
MRC Vice President for Business and Culture Dan Gainor appeared on CNBC's Kudlow Report on January 28, to discuss Steve Kroft's "60 Minutes" interview with President Barack Obama and Secretary of State Hillary Clinton.
Kudlow asked Gainor to comment on the interview. He told Kudlow, "I did a tally and there were 15 questions, and 11 of them were complete and utter softballs. I wrote a piece for Fox and said that if CBS had a team, they should sign him. And the four tougher questions, two of them were very quick about Hillary's health, and he really didn't press her on that, and then two nominal questions where he really let Obama get away with just awful claims including that things had gone well in Egypt.
"We've got Morsi there coming out--we've found out that he's bigoted and anti-Semitic. We, now we're sending him jets. The Arab Spring has been a disaster, we didn't talk about Iran, we didn't talk about expansionist plans from China. I mean, it was like he didn't read the international page before he asked his questions," Gainor said.
When University of California at Santa Barbara professor Nelson Lichtenstein came onto CNBC to discuss bribery allegations against Wal-Mart De Mexico (a subsidiary of Wal-Mart), he got more than he bargained for.
Kenneth Langone, an investor who helped found Home Depot, had joined Maria Bartiromo for the full hour of “Closing Bell” on Dec. 18. Langone, who is also the CEO of Geeknet and has a net worth of $1.6 billion, challenged Lichtenstein fiercely, demanding to hear facts from him. When he found out the news source Lichtenstein was citing as proof, Langone took a jab at The New York Times as well.
Lichtenstein argued that the accusations against Wal-Mart were just the “tip of the iceberg” of a “larger pattern for the company” of the company moving into an area of finding local ways of doing things and imposing “its own business model, regardless, on these countries and on the communities there.” (See CNBC video)