Housing

Advantage Rick Santelli -- and Larry Kudlow. CNBC reporter Santelli's Thursday morning "Shout Heard Round the World" (CNBC's term) objecting to the Obama administration's mortgage modification program on the floor of the Chicago Mercantile Exchange quickly went viral, and struck two nerves. First, it ignited a groundswell of support from the over 90% of the of the nation that pays its bills and…

Will wonders ever cease? First, a NBC network airs its Chicago Mercantile Exchange floor reporter making a call to action against all the populism that has inundated the political dialogue over the past six months. Now, the same reporter, Rick Santelli, has been invited by White House Press Secretary Robert Gibbs to the White House. On CNBC's "Street Signs" Feb. 20, Santelli told viewers he…

On Friday’s Newsroom program, CNN anchor Heidi Collins failed to mention ACORN’s role in sponsoring a rally against foreclosures in an Oakland, California neighborhood. During her brief, video clips from the protest clearly showed the presence of the group’s signs, name, and logo.Collins characterized the rally as “[a]nger over the foreclosure crisis pouring out into the streets of Oakland,…

Rick Sentelli's rant for the ages (transcript here) on CNBC's Squawk Box yesterday criticizing the recently passed stimulus package and the Obama administration's mortgage modification program was marred somewhat by the studio hosts. Though their tone was semi-humorous, it's telling that their instincts were to characterize the traders present at the Chicago Mercantile Exchange as a "mob," and to…

Before today, CNBC "Mad Money" host Jim Cramer was known for his outlandish statements and crazed antics that would land him in the public spotlight. However, Cramer got one-upped today by CNBC's Rick Santelli, calling for something like a "Chicago Tea Party" revolt against the redistributionism that is plaguing our federal government. Cramer, in his "Stop Trading" segment on CNBC's "Street…

Wow. Rick Santelli of CNBC (picture at right is from his bio page) let the elitists running what is turning into a planned economy in Washington have it today with a rant for the ages.The direct CNBC link is here, while a YouTube is here. Allah at Hot Air has an embed. What's really revolting about this is the studio reaction. While it's maybe half-kidding at times, the fact that strong…

It's been called "the rant heard around the world," after The Drudge Report linked to the video with a screaming red headline. However Rick Santelli may have given CNBC viewers a preview of what effects Obamanomics will have on the populace. On CNBC's "Squawk Box" Feb. 19, the Chicago Mercantile Exchange floor reporter, along with several traders, expressed his outrage about President Barack…

So where did the Cleveland Plain Dealer's Sabrina Eaton go for opinions on what Michelle Malkin earlier today called "the massive mortgage entitlement campaign launched by President Barack Obama"? Why, they went to "housing experts," of course. But the people she quoted aren't builders, realtors, mortgage lenders, mortgage brokers, or economists. Nor, based on the area's results, are they experts…

On Tuesday’s CBS Evening News, correspondent Chip Reid described Barack Obama’s signing of the massive "stimulus" spending bill into law: "After a mere four weeks in office, the President today signed what he called ‘the most sweeping economic recovery plan in American history’...A new law that he described as a new beginning...In Missouri, the reaction was instantaneous. As the bill was signed,…

On Monday’s CBS Early Show, co-host Maggie Rodriguez asked Republican Congressman Eric Cantor about President Obama’s proposed housing bill: "Unlike the stimulus, will you urge your fellow Republicans in the House to support this?" When Cantor criticized the proposed bill and the passage of the "stimulus" bill, Rodriguez declared: "But Congressman, it's clear that Americans are begging for help…

The battle between New London, Connecticut and the residents of its Fort Trumbull neighborhood began in 1998 when the City decided that it would redevelop the area for ultimate ownership by others and, if necessary, take the residents' properties for that "public purpose" -- not for "public use" (i.e., roads, bridges, schools, etc.), as the Fifth Amendment clearly intended. Susette Kelo and other…

Everything is wonderful and peachy-keen in Obamaland if you rely on the reporting on the front page of The New York Times. Just ask CNBC's Jim Cramer. On his Feb. 12 program the "Mad Money" host dealt with the $789 billion stimulus package. "Now if you were to believe what's in the papers, holy cow - except for the funny papers - you would think this package was wonderful," Cramer said he said…

On Tuesday's "Good Morning America," financial correspondent Bianna Golodryga promoted the efforts of a radical housing group run by CEO Bruce Marks, a self proclaimed "bank terrorist." Of course, Golodryga skipped that description and glossed over the extreme actions of the Neighborhood Assistance Corporation of America [NACA]. Instead, she simply asserted that the organization tries "to help…

Say goodbye to hope and change. It's time to embrace the politics of doom and gloom. MSNBC host Contessa Brewer, in an interview that seemed a lot like a lobbying campaign for the stimulus set for a vote in the U.S. Senate, quizzed Sen. John Barrasso, R-Wyo., about the possibility that his vote against a stimulus bill could send the country spiraling into a Depression - and endanger the public's…