CNBC
Santelli's Simple Answer to Deficit: 'Stop Spending, Stop Spending, St
June 28th, 2010 3:21 PM
If it were only that simple - that is the way CNBC's Rick Santelli would have it. On CNBC's June 28 "Squawk Box," CNBC's senior economics reporter Steve Liesman vigorously defended the need for higher tax rates as a measure to cut federal deficits. Others argued that government revenues would increase if tax rates were lower because it would stimulate growth. (h/t Real Clear Politics Video) "…
Vintage Santelli – Rips Obama's Keynesian-ish Policies: Why Does My
June 25th, 2010 3:51 PM
This is one of those "I told you so" moments conservatives should really be out publicizing: The $787-billion stimulus passed early 2009 - it's not working. And on CNBC's June 25 broadcast of "The Call," CME Group floor reporter Rick Santelli explained that all government spending is not created equal, and President Obama's so-called stimulus spending was for government payrolls and not the…
CNBC's Santelli Warns U.S. 'Could End Up Worse than Japan' Facing a Lo
June 24th, 2010 4:10 PM
Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the…
NBC’s David Gregory: White House Rhetoric 'Anti-Business,' 'Could Re
June 18th, 2010 1:17 PM
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…
CNBC Analyst: BP to Lose Offshore Leases, Faces Bar from Government Co
June 15th, 2010 9:28 AM
With the federal government - both on Capitol Hill and in the White House - beginning to take investigative and punitive action against BP (NYSE:BP), the future of the company, at least in the United States, is in peril. On CNBC's June 14 "The Kudlow Report," John Kilduff, a CNBC contributor and the vice president of MF Global was asked by host Larry Kudlow about a potential debarment from…
CNBC's Insana Rips Ron Paul: He 'Doesn't Even Have a Basic Understandi
June 14th, 2010 5:59 PM
This one was one that you just couldn't let go - that libertarian champion and former Republican presidential candidate Rep. Ron Paul, Texas, doesn't have a basic understanding of economics. That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of "Closing Bell." At issue was a June 14 Washington Post article by Robert O'Hara and Dan Keating that…
CNBC's Cramer and Burnett: Could BP and Obama Have Handled Spill Bette
June 11th, 2010 5:46 PM
Reports are surfacing that BP is finally considering a suspension of its shareholder's dividend, but what could have been done differently to avert the public relations nightmare BP is facing? Two CNBC hosts had some ideas about that, and about what could have happened if BP chose not to play ball. Jim Cramer and Erin Burnett shared their thoughts on the "Stop Trading" segment of "Street…
Conservative Pundits Strike a Chord as Nation Grows Wary of Liberalism
June 10th, 2010 12:42 PM
On February 19, 2009, Rick Santelli helped create a movement whose political impact has not yet been fully realized. The "Rant Heard 'Round the World," as it has become known, was a profound, if hardly isolated example of the power of conservative pundits to enact political change.That power has grown as Americans have become more sympathetic to the economic conservative argument--both the moral/…
Antiquated Law Preventing Foreign Naval Aid for Gulf Oil Spill Says CN
June 9th, 2010 5:05 PM
When a protectionist law is enacted and nearly a century later it is inhibiting a recovery from major ecological catastrophe, it's probably time to scrap it or at least temporarily waive it. But instead a nearly century old provision known as the Jones Act of 1920 is wielding the wrath of unintended consequences. According to the Heritage Foundation, this protectionist measure was put in place…
Teen Unemployment: CNBC Reporter Gets Close With 'Worst in 41 Years' T
June 9th, 2010 2:46 PM
In an article published yesterday afternoon, CNBC news associate Joseph Pisani took note of something the rest of the media mostly hasn't, or at least hasn't highlighted: the terrible job market for teenagers. The headline and text indicate that this is the worst such market in 41 years. That's true, based on the stat Pisani presented. But barring a near miracle in the next three months, in terms…
Fmr. Clinton Labor Sec. Reich: It's Time for White House to Take Over
June 1st, 2010 11:27 PM
If you think government has all the answers, you'll certainly approve of this call. Former Clinton Secretary of Labor and CNBC contributor Robert Reich has determined it's time for President Barack Obama to seize the reigns of control from BP (NYSE:BP) and put the North American operations of the company into a "temporary receivership." He told host Michelle Caruso-Cabrera on CNBC's June 1…
Santelli Blames Financial Regulation Vote for Dow Drop: 'What Are They
May 21st, 2010 12:27 AM
With the Dow Jones Industrial Average (DJIA) taking another tumble of 376 points on May 20, some investors are pointing to problems in Europe for the sell-off. However, there may be problems at home as well. CNBC's CME Group floor reporter Rick Santelli explained on the May 20 broadcast of "Closing Bell" it had a lot to do with the Europe and the Euro, however it isn't all coming from abroad. "…
Liberals Lambast Beck's Connections to Gold Dealers, Ignore Colossal N
May 19th, 2010 2:41 PM
A far-left Democratic congressman is accusing conservative commentators of improperly -- perhaps illegally -- conspiring with advertisers to shill for their products under the guise of political opinion. The accusers, however, conveniently ignore liberal commentators that do virtually the same thing, only on a far larger scale.Rep. Anthony Weiner released a report yesterday alleging that Goldline…