Rick Santelli rips Geithner on monetizing

WAR of WORDS:

GEITHNER: There's no risk of that in the United States because, again, we have a strong independent central bank whose obligation under the law is not just to achieve maximum sustainable growth but to keep inflation low and stable over time. And I know the chairman is completely committed to that.

SANTELLI: Are we monetizing? And his answer was no, we have a strong independent central bank. Now, the latter may be true, but it certainly isn't an answer to the question. And I'd like feedback everybody, that quantitative easing can't exist without the monetization process. We issue debt, we print the money to buy it. That is monetizing. I can't believe that was his answer. It's pretty disingenuous. If that's the Treasury Secretary in charge of all this activity and that was his answer, it makes me nervous. Blatantly saying they're not monetizing when the March statement for the first time ever expressed quantitative easing and put it on the map, I just think that that's the wrong answer. He's not telling the truth!


IN THE NEWS:
RealClearPolitics: Santelli: Geithner Is "Lying To The American Public"
RushLimbaugh: Santelli: Little Timmy is a big liar

Gibbs attacks Santelli

White House Press Secretary Robert Gibbs loves socialism and kisses President Obama's shoes every night. He says that CNBC's Rick Santelli has no idea what he's talking about.

Gibbs makes fun of this man. What happened to the FIRST AMENDMENT?!!?!? Obama is going to take away our Bill of Rights! He's going to shred the Constitution!

Santelli is going to get his life ruined by the Obama administration. It's a matter of time. Big Brother is watching and Big Brother is the Obama administration.

IN THE NEWS:
Politico: Gibbs rebukes CNBC's Santelli
AP: White House objects to 'rant' on its housing plan

Santelli attacked by NBC collegues

Visit msnbc.com for Breaking News, World News, and News about the Economy

CNBC's Rick Santelli grilled by his NBC friends for speaking out against Obama's policies.

A Capitalism revolution?

Rick Santelli of CNBC has had enough with President Obama's attack on capitalism. He tells it how it is in front of hundreds at the Chicago Mercantile Exchange and to the thousands watching on CNBC and now millions watching on CNBC.com and YouTube.



Socialism has always worked right? Look at history. See the failures. Look at the misery.

The video is courtesy of CNBC and YouTube.