This morning, August 8,2001, before the markets even opened, Rick Santelli was asked about what he thought about all the events since last Friday night when Standard and Poors downgraded the credit rating of the U.S. His response as well as his analogies to the current situation is awesome. If you’ve watch CNBC during the trading day on Wall street, you know Rick Santelli for his reports live on the Chicago Board of Trade, where he is also known for his occasional rants. His rants (in my opinion) are so clear and straight to the point, it’s awesome.
Rick Santelli clearly does not agree, condone or accept the lack of leadership in Washington. I have to agree with him myself since I also share that same view. Obama and all the other politicians (both Republicans and Democrats) in Washington (oops I forgot, they’re on five weeks vacation) have shown no leadership skills during the last few months. What happened in the past week is just part of the results.
From Timothy Geithner telling Congress in April, 2011 that he sees no risk at all to the United States losing it’s “AAA” credit rating, to Obama’s lame speech today, we can see the lack of leadership.
If we, the American voter, don’t stand up and tell Congress and the president to do the job we sent them to Washington to do, we as a nation will lose more than we already have.
Here’s the video to Rick Santelli’s rant this morning. I know you’ll enjoy it as much as I did.