CNBC Finally Embraces Santelli's Tea Party Rant
One day before what many say will be an historic election; CNBC appears to finally be embracing one of the most famous moments in the network’s history: A Feb. 19, 2009 “rant heard around the world” by CME Group floor reporter Rick Santelli, which is credited by many for igniting the Tea Party movement.
Throughout the day on Nov. 1, CNBC aired a 30-second spot encouraging viewers to tune into…
Arianna's Moment of Clarity: TARP Bailout Profitability Claim 'Economi
So more government isn’t the answer to all of our problems? For a brief moment, that seemed to be the message Huffington Post editor-in-chief and co-founder Arianna Huffington was conveying. On CNBC’s Oct. 5 broadcast of “Squawk Box,” Huffington, author of “Third World America” explained what she thought the role of government should be in an American economic system. Now whether she was…
CNBC's Kernen Challenges Pa. Governor on Tea Party 'Fruit Loops' Label
As we near the midterm elections, left-wingers will be reading from the same tired playbook – the attempted marginalization of the Tea Party movement, but just more of it. But more and more, they are discovering the tactics are tougher to defend, as their side has their own fringe, loose-cannon elements. On CNBC’s Sept. 29 “Squawk Box,” hosts Joe Kernen and Michelle Caruso-Cabrera went after…
NY Times Op-Ed Writer's Muddled Logic: Money Not Paid in Taxes a Gift
It’s a really skewed view of the relationship between citizens and the government – that anything you earn and get to keep by not paying to the government in the form of taxes is a show of benevolence from the government. But that’s apparently the view of Richard H. Thaler, professor at the University of Chicago. In the Sept. 26 New York Times, Thaler, declares that tax cuts are a gift in his…
NBC's David Gregory Calls New Obama Stimulus Push 'Cynical Politics
Whenever President Barack Obama defends what his presidency to date, specifically on economic issues, he'll speak of inheriting a bad economy from the previous administration, and then assures listeners of his intention to make the economy his top priority. So why hasn't he done it? Why have there been other distractions like cap-and-trade, ObamaCare, bailouts, etc. and not a push for a real…
CNBC's Kernen Declares Obama's Populist Tactics Proof He Advocates 'Re
To many, it's hardly a revelation to most, but when someone keeps taking the same action over and over again, even to his detriment, it can reveal a lot about that individual's belief system. This was an observation CNBC "Squawk Box" host Joe Kernen made about the Obama administration's willingness to embrace a populist "soak the rich" tactic against the wealthy in the United States, even…
NBC’s David Gregory: White House Rhetoric 'Anti-Business,' 'Could Re
Wow, just wow. Never would have seen this one coming, but is one of the standard-bearers of the media elite recognizing the Obama administration's anti-business populist tone is inhibiting the U.S. economy? On the June 18 broadcast of CNBC's "Squawk Box," NBC "Meet the Press" moderator David Gregory was asked to respond to a June 18 New York Times article by David Sanger suggesting the Obama…
Tea Party Movement Not Realizing U.S. is Bailing Out Greece, Says CNBC
The European Union and the International Monetary Fund to the rescue! The Dow Jones Industrial Average (DJIA) soars and investors breathe a sign of relief. But where's this $1 trillion in bailout funds for Greece coming from? On CNBC's May 10 "Squawk Box," host Joe Kernen channeled Rick Santelli's anti-bailout populism, suggesting it was important to note that this bailout was made possible in…
Santelli: Greek Debt Crisis and Riots America’s 'Ghost of Christmas
While international attention has been focused on Greece's debt crisis and the riots that have ensued over austerity measures, the possibility of the United States finding itself in the same situation is one to be considered a legitimate possibility says CNBC CME Group floor reporter Rick Santelli. On CNBC's May 7 "Squawk Box," host Joe Kernen pointed out the fear of contagion spreading…
CNBC's Moment of Clarity: Host Understands Why Right 'Sort of Gets Unc
Although to ask this question is to invite with a good degree of criticism, it is still worth asking: Is Obama administration's approach to publicly reprimanding private industry cause for concern? On CNBC's May 4 "Squawk Box," host Michelle Caruso-Cabrera raised this point and asked Washington correspondent John Harwood if White House Press Secretary Robert Gibbs' recent statement BP was a…
CNBC’s Liesman: What Path to Socialism? Says Current Rate of Gov’t
A $787-billion stimulus. Liabilities of $356 billion for the TARP bailout on the federal government's balance sheet. And that's in addition to other unfunded liabilities from federal entitlements like ObamaCare, Medicare, and Social Security. But that doesn't mean the U.S. is heading down the path toward socialism because they were one-time expenditures, according to CNBC senior economics…
CNBC's Harwood Does 180 on Financial Reg Reform, Public's Support Now
Finally! What the public thinks is now important. That was the takeaway from an April 22 CNBC "Squawk Box" segment in which the network's Washington correspondent John Harwood explained the upside for the Obama administration in taking an aggressive tack on financial regulation and pushing it through Congress. According to Harwood, public opinion on this issue favors President Barack Obama. He…
CNBC's Quick Rips ObamaCare: 'At Some Point You Need to Take Responsib
Is President Barack Obama really instituting "cradle-to-grave" social policies and transforming the United States into a nanny state? Well, it may not be "womb-to-tomb" yet, but he's certainly creating a welfare state for Americans beyond their mid-20s. On CNBC's April 12 "Squawk Box," the network's Washington correspondent John Harwood was outlining what he perceived to be the more positive…
Current High Unemployment Rate to Remain Same 'Years From Now' Says Sa
A little over a year ago, President Obama signed into law the $787-billion stimulus legislation that was supposed to prevent the unemployment rate from exceeding 8 percent. And although the unemployment has receded some from its high, it's still well North of 9 percent. So if that stimulus is given more time, will unemployment improve? Last week's jobless claims numbers, showing a stagnant…
