In watching Rick Santelli explode on the floor of the Chicago Mercantile Exchange and whose wrath was directed at President Barack Obama, let it be known that I trust President Obama more than those within the financial markets. I do not know folks like Santelli, and after his chiding of this new administration, I do not want to know him. At some point, one must have the essence of faith and hope that things will get better and I will take that over angry diatribes any day of the week.
To call fellow Americans “losers” as he did, has he actually met the millions of families thrown out of their homes due to predatory lending practices by those within the financial markets? Did he equally explode when the CEOs of various banks walked away with billions of our tax dollars through the first TARP bailout?
As I paid attention when the first salvo came in which started this domino affect and former President Bush’s and former Secretary of the Treasury, Hank Paulson’s response to it: I never saw this outrage coming from Santelli or anyone within the financial markets. I guess those financial boys stick together.
When he said that the government was “promoting bad behavior” through this mortgage rescue package…To witness CEOs spend our billions through the first TARP package on various junkets while Americans suffered at their hands is the true bad behavior.
In his diatribe he challenged the president to have citizens vote on whether or not they approve of this package where he stated, “to reward people who can carry the water instead of drink the water" Well, Mr. Santelli those on Wall Street drank our tax dollars through the first TARP package using buckets. In fact, they literally became drunk and the hangover is still being felt by all of us.
Those who did vote for President Barack Obama did so on Election Day by a 54 percent margin. They trusted him over the candidate you voted for, Senator John McCain as you stated you did on yesterday’s Hardball with Chris Matthews. You know, the candidate who stated that the “fundamentals of our economy are strong” My guess in Santelli’s world, those who own multiple homes are to be heralded as those who at least try and make their mortgages are seen as ‘losers’.
As ordinary Americans are throwing their support behind President Barack Obama, well those on Wall Street and other financial markets react to any plan put forth by him and his administration in a bearish manner. How about doing the heavy lifting to actually come to the aid of one’s country and think of ways to assist this new president instead of running for the hills? It is about investing in one’s country and at least having faith we shall survive.
I have come to the opinion that those on Wall Street would rather see America and the global economy sink into a depression we may never get out of in our lifetime. We are truly at the mercy of the Gordon Gekkos who cited “Greed is good” in the movie Wall Street. As we have now seen, greed is the very terrorist that attacked this country where the reverberations are being felt by all.
Americans by and large are good people and all they want is a fair shake in life. The true fabric that has always sustained us as a country is where neighbor helps neighbor and never is quick to judge. Yet, blowhards like Rick Santelli will stand up and bloviate that he knows far better than we, the American people.
I am of the opinion that Santelli and the other blowhard next to him who cited that perhaps he should not pay his mortgage are the biggest losers in this country. Perhaps they should be reminded of this quote from the late President John F. Kennedy, “Ask not what your country can do for you, but what you can do for your country” The late President Kennedy would be turning over in his grave seeing this expression of non-compassion towards one’s fellow Americans.
Then again, Santelli voted for McCain whose obstructionist friends in both houses of congress have done everything they can to sabotage any plan put forth by President Barack Obama. At least President Barack Obama is trying unlike miscreants like them. While I am not book smart when it comes to all things financial, I do however have a common sense feel for what actions are truly destructive to our country and those forces are coming from both Wall Street and the Republican Party.
President Barack Obama is our president and it behooves us all to see him and his administration succeed for the good of the country. To do otherwise is where one only wishes its destruction.
Author’s email address is, xmjmac@optonline.net
