Run time: 04:37
https://www.youtube.com/watch?v=zp-Jw-5Kx8k
Posted on YouTube: February 19, 2009
By YouTube Member: HeritageFoundation
Views on YouTube: 89829
Posted on DU: July 07, 2010
By DU Member: TomCADem
Views on DU: 426 |
This may be lost to obscurity, but here is a reminder of how the Tea Party phenomena got started. After staying quiet during the TARP under Hank Paulson and Bush, in the early days of the Obama administration, CNBC's Rick Santelli is absolutely outraged that the Obama administration would try to help individual "loser" homeowners.
Of course, Santelli backed away from this staged rant, but this did not stop Fox News from picking up the baton and running with Tea Party meme. Not surprisingly, little mention is made of how it was first started by a Wall Street reporter ripping on individual "loser" homeowners who are underwater.