Santelli’s Stimulus 
Referendum & Tea Party

CNBC’s Rick Santelli struck one awfully big nerve last week. Reporting from the Chicago Mercantile Exchange, Santelli said things you don’t hear much on TV, from politicians or from talking heads.

Santelli said that “the government is promoting bad behavior” with all the bailouts.

He railed against Obama’s new mortgage bailout plan, asking workers at the Exchange, “How many of you people want to pay for your neighbor’s mortgage, that has an extra bathroom and can’t pay their bills?” None answered in the affirmative.

Santelli mocked the recently passed stimulus plan for providing people with “a whopping $8 or $10” and then banking on the notion that citizens won’t save the money, but rush out to spend it.

And he ridiculed “the multiplier that all of these Washington economists are selling us.” Using their logic, Santelli sarcastically concluded, “We never have to worry about the economy again. The government should spend a trillion dollars an hour because we’ll get $1.5 trillion back.”

Most working people understand that “you can’t buy your way into prosperity.”

That’s what I liked best about Rick’s rant. He knows the American people are smarter than the politicians.

I like it that he called for a national, online referendum over the bailouts. The government won’t provide it, but I will. Go to to cast your ballot.

Santelli also called for a Chicago Tea Party. See you there.

This is Common Sense. I’m Paul Jacob.

Paul Jacob is President of Citizens in Charge and the Citizens in Charge Foundation, which sponsors both Common Sense and Paul’s weekly Townhall Column

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