“When you act like Europe, you get growth rates like Europe,” Santelli said. “Our discussions with economists sound like we’re in Europe. They’re always doing the right thing. They’re always thinking they know better, and this the kind of growth.”
“We have become Europe,” Santelli declared. “We are now Europe.”
He was challenged when his co-host noted that federal spending decreased dramatically in the fourth quarter. “Why do we need to reduce spending?” Santelli asked hypothetically. “Because we run trillion dollar deficits, for crying out loud.”
The CNBC hosts joked that this negative growth rate means that the federal government will have to pursue yet another stimulus program to the tune of $800 billion. The joke became serious, however, when one host suggested that an $800 billion stimulus in the form of tax cuts may not be a bad idea.
If you read this post, share your comments below or share this story with your friends and family. You are our voice and we depend on you to help us get the word out.
Latest posts by Wayne Dupree (see all)
- Christian Organizations Protest “Black Jesus” Thursday Night Premiere; “Depiction of Lord and Savior is Inexcusable” - July 24, 2014
- DAMN SELFIES! Police Looking for NC Woman Accused of Fraud; Identified by Sexy Facebook Photos - July 24, 2014
- WAIT WHAT? ISIS orders All Women/Girls 11-46 to Undergo Genital Mutilation in Mosul - July 24, 2014