Rick Santelli, a man who wouldn’t know “right” if it was tattooed backwards on his forehead, lost it when he exploded on co-panelist Steve Liesman. Liesman had just called out Santelli, telling him that he had never been correct about anything.
The CNBC panel was discussing whether Federal Reserve Chair Janet Yellin, would risk inflation. After listening to Santelli — whose rant is credited with birthing the political/religious movement of the Tea Party — expound on the ways that the Feds were attempting to sabotage the economy, host Scott Wapner said that “the jury’s still out” whether or not the Fed was going to help.
The remark sent Santelli off.
“Jury?” Santelli shouted, “Who are you talking about? Who’s the jury specifically? Academia? Professors? That valet you let park your car?”
Yeah! Those stupid people with degrees, thinking they know something; that’ll show ’em.
Co-panelist Josh Brown fired back, noting that Santelli had “already decided this wasn’t going to work five years ago. Is this some of your anger about confirmation bias?”
This only made the Jim Carrey of business news editors even more enraged. While shouting “I was right! I was right!” Santelli stalked off camera, the traders on the floor behind him applauding. “End of conversation,” he said, and off-camera, Santelli could be heard shouting “Hasta la vista!”
Até mais, você burro!
Sadly, he either doesn’t understand the meaning of “hasta la vista” or has a weird definition of later, because shortly after another co-panelist, Steve Liesman, took a parting shot Santelli was back in the ring again.
Liesman’s criticism’s were calm, but firm and directed:
“It’s impossible for you to have been more wrong, Rick. Your call for inflation, the destruction of the dollar, the failure of the U.S. economy to rebound. Rick, it’s impossible for you to have been more wrong. Every single bit of advice you gave would have lost people money, Rick.”
Santelli appeared back on camera and, attempting to shout over Liesman. Liesman, however, continued saying that “there is no piece of advice that you’ve given that’s worked, Rick. Not a single one. The higher interest rates never came. The inability of the U.S. to sell bonds never happened. The dollar never crashed, Rick. There isn’t a single one that’s worked for you.”
Where Liesman goes wrong is that these are all reality-based judgements. Tea Partiers like Santelli have no use for feeble, petty reality.
Watch Liesman call out Teabagger Santelli for never being right about anything.