Rick Santelli Gives MSNBC Guest Ezra Klein a Lesson in Economics on Live TV
- Posted on August 5, 2011 at 4:48pm by
Buck Sexton
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Rick Santelli, the man who’s 2009 firebrand speech on government spending is considered a seminal moment in the Tea Party’s founding, gave MSNBC analyst and Washington Post columnist Ezra Klein a stern lesson in free markets on MSNBC’s “Morning Joe” Friday morning.
Klein made some assertions about the financial crisis, including that most people agree two economists he cited have “done the best work on financial crises,“ and then offered up that the role of the Federal Reserve is ”often overlooked.”
Klein continued on and quoted one of his favorite economists calling for another ”round of significant inflation,“ and then asked Santelli to respond to the assumption that a recession would cause money to move around in a way that is ”unfair.”
That was enough to get Santelli riled up, and he responded to Klein that:
“Money doesn’t move around in ways that are unfair, money moves around because people that have it control or invest it…its theirs and they put it in places…any outside outsider looking at that process and using words like unfair just don’t understand markets and capitalism.”
Klein replied that Santelli’s response was beside the point. But that didn’t stop Santelli from delivering some strong parting shots as the segment closed:
” What we have is a bunch of entities that should have failed, it would have brought religion to the system, it would have been a good thing, but we prohibited that from happening.”
Watch the exchange below:
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Comments (253)
freedomisasfreedomdoes
Posted on August 5, 2011 at 5:15pmEzra Klein should talk less and listen more. Perhaps just maybe he might learn something. lol maybe…
Report Post »cloudsofwar
Posted on August 5, 2011 at 6:48pmif you don‘t know what your talking about don’t bring it up, Kline. Santelli knows markets and knows how to use money. unfair? you and BO are unfair and ignorant. you socialist don’t understand capitalism.
Report Post »HisStoryUn
Posted on August 5, 2011 at 7:00pmOops! I meant to say Santelli when I said Klein. My apologies…
Report Post »GBMBulletsSKNRD
Posted on August 5, 2011 at 7:08pmAzra,
I am going to say it, you got picked on in school a lot and always went home to momma and cried Mommy they are picking on me again. Then mommy went to school and complained for you. Sum’s it up right? Time to cut those momma strings Ezra with a listhp.
Everyone, I know, I know I should not be picking on him but I am just so tired of the crap they are pushing so I am pushing back. Just a little and maybe tomarrow a little more and the next day a little more and so on and so on until they get it.
Report Post »Caniac Steve
Posted on August 5, 2011 at 7:17pmKlein is a hack and Rick tok him to school i bet Rick doesn’t get invited back to Morning Joe or On msnbc again for a very very long time…
Report Post »So
Posted on August 5, 2011 at 7:28pmPreach it, Santelli! Hopefully the MAJORITY of voters agree with you.
Sadly, he won’t be invited back to MSNBC. Doesn’t fit their “agenda”.
Report Post »rienheart
Posted on August 5, 2011 at 5:15pmAllowing businesses to fail would have been the best way to go and make them stronger if they would have learned from their mistakes. They weren’t allowed to fail, so, now be ready for another round of mistakes and a QE3 big Mistake. More Bailouts again, because Eric Holder is Blackmailing and extorting Banks to make more unworthy loans to People who do not qualify and cannot pay their Mortgages. They are setting up for another Housing Market Collapse. All these things they have done from the beginning has been done to ruin America and Destroy the Economy. It is By design.
Report Post »Kruschev said “We will Bury you from within” this was his plan and Obama is carrying it out.
Greenwood
Posted on August 5, 2011 at 5:32pmAs Bill O’ Rielly always says “keep it pithy”…………….well said and to the point it’s the way these Keynsians have handled the economy in a nut shell. Cloward – Piven…………………..
Report Post »michael48
Posted on August 5, 2011 at 5:33pmtwo ways to defeat a people…WAR or ECONOMICs…Libs haven’t a clue and are to “crap full of lazy” to do the WAR thang… RINOs have the college defermant plan…so, break the ECONOMY and ALL will be EQUALLY BROKE and prime serf-dwellars…the Dem/Rino Tards..(good cop/bad cop thing) BOTH with the NWO..CONTROL agenda…example: inner city =Concentration Camps…completely HELPLESS and TOTALLY DEPENDENT on WHOEVER is in CONTROL…give it a THOUGHT…been watching this movie 63 years and DON’T TRUST EITHER !!!!!!!!!!!!!!!!!!!!! TEA for ME !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Report Post »JoeBtfsplk
Posted on August 5, 2011 at 7:18pm@MICHAEL48
you get it, and I got 2 years on you!
Report Post »bikerr
Posted on August 5, 2011 at 7:59pm@michael48—–Well put.
Report Post »RepubliCorp
Posted on August 5, 2011 at 10:21pmMICHAEL48 100% agree
Report Post »Meyvn
Posted on August 6, 2011 at 1:32am@michael48: Couldn’t have said it better myself!
Report Post »DESERT RAT 121
Posted on August 5, 2011 at 5:14pmIts a pleasure to watch facts steamroll any liberal, fascist, socialist, toolongalist, to waste time on, and put it in it’s place!!!!!
Report Post »Berealalready
Posted on August 5, 2011 at 5:24pmI think I had an intellectual orgasm watching that. Pass me a cigarette.
Report Post »gobnait
Posted on August 5, 2011 at 7:02pmHand one over here too, berealalready! There is nothing sexier and more satisfying than a money guy taking down a smug, uninformed liberal twit like Klein and handing him his manhood back to him on a plate.
Report Post »shirelover
Posted on August 5, 2011 at 8:35pmBeRealAlready – it took me a few minutes to figure out what the ******* were supposed to mean, then when I did I nearly shot the water I was drinking out of my nose. Laugh if you will…now I had to clean off the laptop and hope like heck it didn’t mess it up, how was I going to explain that one to the hubby?
Report Post »James
Posted on August 5, 2011 at 5:14pmTwerp
Report Post »101
Posted on August 5, 2011 at 5:12pmMSNBC is such a joke & the WH is MSNBC parent Company, go figure!
Report Post »Gonzo
Posted on August 5, 2011 at 5:11pm“a debunked dogma”? The only debunked dogma is Keynesian economics, it has failed.
Report Post »LadyIzShy
Posted on August 5, 2011 at 5:09pmnice to see someone standing up and telling it like they see it
Report Post »Gonzo
Posted on August 5, 2011 at 5:07pmEzra appears to be a typical lefty with no real world experience who likes to pontificate on theories he’s read about but not actually put to the test. Sound like anyone else we know?
Report Post »sissykatz
Posted on August 5, 2011 at 6:33pmGonzo
Report Post »You are exactly right on that. Doesn’t it just make you sick to see people like this????? And someone
elected one of those fools to run the country. He doesn’t have a clue.
Stepaheaded
Posted on August 5, 2011 at 5:06pmRick has always understood. Rick for Sec. of Tres. 2012
Report Post »vennoye
Posted on August 5, 2011 at 5:18pmHad rather see him replace BEN!!
Report Post »pschlentz
Posted on August 5, 2011 at 6:40pmObviously these pinheads can’t argue with the facts. That sissyboy got his A$$ handed to him!!!
Report Post »Woman
Posted on August 5, 2011 at 10:05pmNow this is an idea!!
Report Post »SUPPLY_SIDE
Posted on August 5, 2011 at 5:06pmMSNBC constantly loads its questions with an introductory BS statement. Challenge the statement while answering the question and the libs get schooled.
Report Post »seeker9
Posted on August 5, 2011 at 6:05pmThat tactic is used all the time by the libs. Think it is taught at lib indoctrination camp.
Report Post »Rick300
Posted on August 5, 2011 at 5:04pmMorning Joe talking points prohibit any talking that make sense…nice going MSNBC!!! Keeps reinforcing why I prefer NOT to watch your channel!
Report Post »I.Gaspar
Posted on August 5, 2011 at 5:03pmProbably should have knocked the little punk on his ass…
Report Post »IndyNWguy
Posted on August 5, 2011 at 5:02pmI‘m unsure if you’re being serious.
Report Post »Kurty C Wipe
Posted on August 5, 2011 at 5:02pmRick is the man! He was the one that started the racist terrorist group the Tea Party. Love it when attacks the bald dude whats his name.
Report Post »eagle2715
Posted on August 5, 2011 at 5:01pmWhen ever you use facts against liberals, it’s always besides the point…
Report Post »IndyNWguy
Posted on August 5, 2011 at 5:01pmEzra Klein is an openly socialist puke.
Report Post »cece959
Posted on August 5, 2011 at 4:59pmThere is no more moving experience than watching someone with knowledge and experience putting some two-bit hack in his place. Well done, Mr. Santelli!
Report Post »Oahujack
Posted on August 5, 2011 at 5:08pmNotice how Klein uses the term “fairness” which is lib-speak for re-distribution of wealth. Who the hell is Ezra Klein anyway?
Report Post »HKS
Posted on August 5, 2011 at 5:10pmBravo, at last someone with a brain, a mouth that works and the balls to speak the truth.
Report Post »HKS
Posted on August 5, 2011 at 5:41pmMore amazing, he has been on msnbc for ever.
Report Post »capecodsully
Posted on August 5, 2011 at 4:59pmGot that right, bankruptcy and redesign. Not bail out.
Report Post »tower7femacamp
Posted on August 5, 2011 at 8:07pmSatan has a plan
Report Post »WVBeagleMom
Posted on August 5, 2011 at 4:59pmLibs never let a little thing like facts get in the way of their ramblings.
Report Post »Drakkhanlord
Posted on August 5, 2011 at 4:59pmwhat a plss ant little pu ke…
Report Post »ronrayguns
Posted on August 5, 2011 at 4:58pmGive the communists hell, Rick, good job. Everything these ‘fessor bone heads and say is wrong, wrong, wrong. Hey guys how about youtubin’ Milton Friedman, morons. Too much education and not enuff practical experience. Run a company and see what it’s like to make a profit, or you’re out.
Report Post »-Publius
Posted on August 5, 2011 at 4:58pmOh no, dont use the word religion, the libs will melt
Report Post »Captain Crunch
Posted on August 5, 2011 at 4:57pmI hate these arrogant news people. They don’t do interviews with a goal of becoming informed. They just want to push their agenda. Just blame the Tea Party.
Report Post »Shasta
Posted on August 5, 2011 at 5:02pmYou are right. I just saw a clip where the dems are now blaming yesterday’s huge stock sell off on the Tea Party. Wow
Report Post »Shotgun167
Posted on August 5, 2011 at 7:40pmI am a mite confused, though. I tend to flip the channels, ’cause I wanna hear first hand what both sides are saying.
What I tend to hear on MSNBC is a few minutes of liberal BS followed by, “And with us now is to explain how is the truth.”
What are they doing asking questions from someone that doesn‘t mooch off other people’s work?
Report Post »Shotgun167
Posted on August 5, 2011 at 7:42pmRepost, cause angle brackets will cause words to be deleted.
I am a mite confused, though. I tend to flip the channels, ’cause I wanna hear first hand what both sides are saying.
What I tend to hear on MSNBC is a few minutes of liberal BS followed by, “And with us now is [pencil necked geek that has never had a job outside of college or government] to explain how [the load of manure I just spewed] is the truth.”
What are they doing asking questions from someone that doesn‘t mooch off other people’s work?
Report Post »Blue Collar Conservative
Posted on August 6, 2011 at 2:18amWe Tea Party folks are the new George Bush. The blame game is only beginning, soon everything bad under the sun will be our fault. It’s an election year, and you know how the libs are with the blame game.
Report Post »xoke
Posted on August 5, 2011 at 4:56pmOwned!
Report Post »Sy Kosys
Posted on August 5, 2011 at 6:37pmHey XOKE! LOVE THE AVATAR!!!!
Report Post »Drakkhanlord
Posted on August 5, 2011 at 4:56pmBitch slapped this little puke…
Report Post »Drakkhanlord
Posted on August 5, 2011 at 5:00pmsorry for multiples…thought was blocked
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