Thursday, February 19, 2009
Another star was born in Chicago today, CNBC correspondant Rick Santelli. He leads a revolt against deadbeat mortgagors -- not mortgagees, mind you, but the actual people who borrowed more than they can repay -- and the subsidy thereof on the floor of the Chicago Board Options Exchange. I'm probably the last righty blogger in America to link the video, but if by some small chance you missed it earlier today by all means click through. And, apart from Santelli's moral point, the moment is so awesomely archtypical of Chicago that it reminds us why it is the greatest American city.
MORE: Take the poll: "Would you join Santelli's 'Chicago Tea Party'?"
CWCID (for the poll): Glenn Reynolds.
Did Santelli watch the 1976 Oscar-winning motion picture "Network" recently?
Remember the rant of news anchor Howard Beale (Peter Finch) in the movie: "I'm as mad as hell, and I'm not going to take this anymore!"
Yeah, and remember what happened to Howard Beale? That's a pretty typical Chicago move, too.
Well Dorothy, I don't think we're in Kansas anymore, we're all in Greater Chicago, figuratively speaking.
Where's Royko when you need him? Dead. Hmmmph.
Now there was one funny newpaperman.
DEC, did you ever meet Royko? He must have been a stitch.
Wow...the "Buyer's Remorse" is emerging in the strangest places. AP ran an article yesterday about the "Culture of Corruption"....in the Democratic Party!!
Let's get out our indian suits and head to Boston harbour!!
Ken Langone (Home Depot founder) took Howard Dean to the woodshed on this morning's CNBC. Big Mouth Howard dismissed Santelli as part of the Wall Street crowd that created the "mess we're in" plus the usual "last 8 years" nonsense.
Langone reminded him of Congressional Democrats resistance to Fannie/Freddie reforms, Howard Raines' outrageous compensation package, and the fact that most of the high-powered Wall Street types are Democrats.
Howie immediately went into his "I don't want to dwell on the past" mantra to which Langone replied "that's exactly what you've been doing."
MDGrandma says...."Yeah way!!!! I am a chicagoan by birth and despite its corrupt politicians, it is a nice place with great people. Viva la' Santelli! I will attend that tea party, no doubt about it! This administrations faulty logic is making me ill, meanwhile all our hard work of saviung and investing is going down the tubes in the market. BHO should be banished from decision making..."
We note that Santelli was not offering to throw T-bills off of the Navy pier.
So you can do no better than an article on Chicago written when Harold Washington was mayor???
Despite the Chicago machine, it is America's greatest city because, since they closed down the stockyards, it is a bull-free zone.
I'm booking my tickets now, hopefully this will coincide with a White Sox homestand. Anybody out there remember Rick Dees? Maybe we should hold this at Comiskey.
Bill Veeck, Mark Rothko and Studs would all love it.