Rick Santelli is an idiot.
A publicity-seeking idiot, mind you, but an idiot nonetheless.
You know, the new administration’s big on computers and technology– How about this, President and new administration? Why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers’ mortgages; or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road, and reward people that could carry the water instead of drink the water?
There’s more, which you can click to if you like. I’d point out that I didn’t hear Santelli rant about the bank bailout, so it’s not clear that he’s being entirely consistent – especially because the banks certaainly helped turn some water carriers into water drinkers, in keeping with his terminology.
Then Obama Press Secretary Robert Gibbs called him out on Friday:
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 mortgage, stay in their job, pay their bills, to send their kids to school, and to hope that they don’t get sick or that somebody they care for gets sick and sends them into bankruptcy.
I think we said 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….
But Mr. Santelli has argued, I think quite wrongly, that this plan won’t help everyone. This plan will help, by the money that’s invested in Freddie and Fannie — will drive down mortgage rates for millions of Americans.
The President in his speech was very clear in saying that every American with a mortgage payment should call their lender and see if they can refinance right now. This plan helps people that have been playing by the rules but can’t get refinancing, get that refinancing so their home doesn’t become foreclosed on.
And Mr. Santelli might also know that if you live in a home that’s near one that’s been foreclosed, your home value has likely dropped about 9 percent, which for the average home is about $20,000.
Now, every day when I come out here, I spend a little time reading, studying on the issues, asking people who are smarter than I am questions about those issues. I would encourage him to read the President’s plan and understand that it will help millions of people, many of whom he knows. I’d be more than happy to have him come here and read it. I’d be happy to buy him a cup of coffee — decaf. (Laughter.)
Now, Santelli is claiming (based on the I don’t know where Mr. Santelli lives line above) that the White House is threatening him. And on whose middle-of-the-road radio talk show did he choose to make this claim?
Yes, the Gordon Liddy of the “shoot for their heads” fame is helping Santelli spread his paranoid fantasies.
So, Rick Santelli, since it seems you lead a somewhat sheltered life, I am here to give you two pieces of advice.
First, even a sane claim sounds crazy when you let G. Gordon Liddy amplify it. Not, of course, that your fears are in any way justified.
Second, it’s a threat when they say they do know where you live.