{"id":10712,"date":"2014-07-14T22:10:27","date_gmt":"2014-07-15T05:10:27","guid":{"rendered":"http:\/\/www.bradblog.com\/?p=10712"},"modified":"2014-07-14T22:10:00","modified_gmt":"2014-07-15T05:10:00","slug":"cnbcs-tea-party-creator-melts-down-on-air-gets-schooled-during-shout-fest-by-fellow-host","status":"publish","type":"post","link":"https:\/\/bbnewdb.webbyspice.com\/?p=10712","title":{"rendered":"CNBC&#8217;s &#8216;Tea Party&#8217; Creator Melts Down On-Air, Gets Schooled During Shout-Fest by Fellow Host"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/BradBlog.com\/Images\/RickSantelli_071414.jpg\" hspace=\"6\" vspace=\"3\" border=\"0\" align=\"right\">Here&#8217;s a perfect example of why people watch cable news &#8212; and, also, why they don&#8217;t.<\/p>\n<p>As <a href=\"http:\/\/talkingpointsmemo.com\/edblog\/world-s-biggest-idiot-gets-schooled\">TPM&#8217;s Josh Marshall describes it<\/a>: &#8220;Rick Santelli, famously in 2009, by one measure launched the &#8216;Tea Party&#8217; with an epic rant about how big government was crushing capitalism while it was actually in the midst of saving it. Since then he&#8217;s been wrong about every economic question worth being asked. One of the CNBCers got tired of his nonsense today and this happened.&#8221;<\/p>\n<p>Or, as <a href=\"https:\/\/twitter.com\/ezraklein\/status\/488857075699576832\">Vox.com&#8217;s Ezra Klein tweeted it<\/a> (with a pretty perfect allusion for old school <i>Real World<\/i> fans): &#8220;What happens when CNBC hosts stop being polite and start getting real&#8221;&#8230;<\/p>\n<p><center><iframe width=\"420\" height=\"315\" src=\"\/\/www.youtube.com\/embed\/EU9U3ZnAD5E\" frameborder=\"0\" allowfullscreen><\/iframe><\/center><\/p>\n<p><a href=\"http:\/\/www.vox.com\/2014\/7\/14\/5898783\/watch-steve-liesman-demolish-rick-santellis-inflation-fearmongering\">Matthew Yglesias describes Santelli<\/a>, in citing the video above, as a &#8220;<i>big time<\/i> inflation fearmonger&#8221; and adds that fellow CNBCer &#8220;Steve Liesman absolutely took him to school pointing out that anyone who&#8217;d listened to his inflationista advice over the years would have lost a ton of money.&#8221;<\/p>\n<p>I&#8217;m not nearly expert enough in monetary policy to appreciate who&#8217;s actually right and who&#8217;s actually wrong in this made-for-cable pissing match. While I&#8217;d happily bet against the yutz Santelli on just about anything, the rest of his network has also been notoriously wrong in just about every bit of corporate log-rolling and back-slapping they&#8217;ve engaged in over the last decade or more. In any event, if you want a bit more of an explainer on what the hell these people are actually yelling about, <a href=\"http:\/\/time.com\/money\/2983010\/cnbcs-rick-santelli-rant-translation\/\"><i>Time&#8217;s<\/i> Pat Regnier offers this one<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a perfect example of why people watch cable news &#8212; and, also, why they don&#8217;t. As TPM&#8217;s Josh Marshall describes it: &#8220;Rick Santelli, famously in 2009, by one measure launched the &#8216;Tea Party&#8217; with an epic rant about how big government was crushing capitalism while it was actually in the midst of saving it. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[505,412,390],"tags":[],"class_list":["post-10712","post","type-post","status-publish","format-standard","hentry","category-tea-party","category-cnbc","category-economy"],"acf":[],"_links":{"self":[{"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=\/wp\/v2\/posts\/10712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10712"}],"version-history":[{"count":0,"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=\/wp\/v2\/posts\/10712\/revisions"}],"wp:attachment":[{"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbnewdb.webbyspice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}