Tea Party Founder Rick Santelli Blows his Top – When you act like Europe, you get growth rates like Europe

Tea Party Founder Rick Santelli Blows his Top – When you act like Europe, you get growth rates like Europe

“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.”

httpvh://www.youtube.com/watch?v=OdnFpwG0E4A

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.

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  1. [...] http://newsninja2012.com/tea-party-founder-rick-santelli-blows-his-top-when-you-act-like-europe-you-…  Let’s start sending our college students to Estonia or Poland for a semester abroad, okay? The real question is: why does the Obama administration continue to emulate the failed European model? Answer: Obama only knows academics, and they all spent college days and vacations pursuing the socialist ‘America only knows how to make money but Europe knows how to enjoy life’ that seemed so great. Well yes, great, until you run out of that ‘quality of life’ money and need capitalism to make that money. [...]