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Press Secretary Gibbs rebukes CNBC’s Santelli

From Politico.comBy | 2/20/09 8:22 PM EST 

White House Press Secretary Robert Gibbs jumped at the chance Friday to rebuke a CNBC reporter whose attack on President Barack Obama’s anti-foreclosure plan caught fire on the Internet.

Gibbs took on CNBC’s Rick Santelli in unusually personal terms after being asked a question about Santelli’s bracing critique during a regular White House briefing.

“I’ve watched Mr. Santelli on cable the past 24 hours or so. I’m not entirely sure where Mr. Santelli lives or in what house he lives but the American people are struggling every day to meet their mortgages, stay in their jobs, pay their bills, send their kids to school,” Gibbs said. “I think we left a few months ago the adage that if it was good for a derivatives trader that it was good for Main Street. I think the verdict is in on that,” the press secretary said, poking directly at the cable journalist, who reports from the trading floor at the Chicago Mercantile Exchange.

Gibbs insisted Santelli was misinformed when he said Obama’s program would amount to a transfer of money from prudent taxpayers to those who had taken reckless risks.

“Mr. Santelli has argued, I think quite wrongly, that this plan won’t help everyone,” Gibbs said. “This plan helps people who have been playing by the rules. … I would encourage him to read the president’s plan. … I’d be more than happy to have him come here to read it. I’d be happy to buy him a cup of coffee — decaf,” the press secretary said, in a not-so-subtle jab at Santelli’s frantic style. 

I wonder how much a Wall Street Derivatives Trader earns in salary a year, I bet its WAY MORE than many of us make! and I am doing ok…  I’ve listened to other pundits who have acutally read the Housing Assistance Plan and I know many of you have seen many comments from the WH about NOT helping those who were idiots and buying houses they knew were way to expensive for them in the first place. There are penalties in place, there are limits in place to make sure money goes to the right people.

One thing I have not ever heard from the other side is a plan. They have not had a plan in the last eight years when they started this mess and they have not had a plan when President Obama and his administration came out with the Recovery Bill and the Housing Plan. It is sooooo easy to sit on the sidelines or actually in the peanut gallery and eat their peanuts. Well this is what I have to say to them. ADULTS are in charge now and that means making HARD decisions! going out on a limb, accepting responsibility for your actions. Again something we have not seen in eight years from our leadership. Lead or shut the hell up! Sorry for the rant guys  🙂


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  1. […] Read the original: Press Secretary Gibbs rebukes CNBC’s Santelli […]

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