Story headlines read, "Trader Buzz & Rick's Rant", Article excerpt says, "The trading floor buzz on whether the government's plan to save the economy will actually help the markets, with Jason Roney, Sharmac Capital; Wilbur Ross Jr., WL Ross & Co. and CNBC's Rick Santelli."
Remember watching and reading the story about the Pied Piper when we were kids? The premise of the piper was that he lured the children by his music of the flute. Though there are a few versions of the story and one in which Wikipedia says, "that the Piper lured the children into the river and let them drown like the rats." The President has become the Pied Piper of "Hope" and "Change" and now CRISIS, CRISIS, CRISIS but some are speaking out against that philospohy. Entrepeneurs and market capitalists are increasingly fed-up with seeing the country's wealth in the stock market drop from 14,000 to 7,500 in a short six months. Since the inauguration, markets reflect consistent drops each time either the President or one of his officials speak on the television. These market capitalists are sounding the warning and ranting about how the current administration is openly sanctioning taking from the producers of this country and giving to the takers. In other words, the Obama administration is actively encouraging rewarding people who refuse to pay their mortgage, while the American workers, who continue to follow the laws and rules, "pay for their neighbors mortgage."
Rick Santelli says "the government is promoting bad behaviour" and further includes that there will be a Chicago Style Boston Tea Party in July 2009.