Keith Boykin and Rick Santelli debate Obama's budget

[paynesm2]

Wow two years later and rick was right

[agent1up]

stfu rick

[ADD112]

rick is a moron

[48petey]

love rick but he was being rude.... Obama inherited it and is trying to fix a big hole. at the same time I agree with Rick this is not the time tto give people healthcare we can't afford it but remember Bush added to deficit by doing what? You guessed it Healthcare. You remember that little 8 trillion dollar prescription drug bill. Opps...

[48petey]

love rick but he was being rude.... Obama inherited it and is trying to fix a big hole. at the same time I agree with Rick this is not the time tto give people healthcare we can't afford it but remember Bush added to deficit by doing what? You guessed it Healthcare. You remember that little 8 trillion dollar prescription drug bill. Opps that that didn't happen according to pundents and Rick Santelli.

[rainythunders]

Rick Santelli didn't win the argument because there was no debate. It was all one-sided. Boykin could barely get 10 seconds of speaking without being interrupted. Watch it again and really observe what happened. Boykin was quiet every time Rick ranted, but whenever it was Boykin's turn to defend his point of view, Rick and the Anchors kept cutting him off. The media is so biased!

Even when they gave Boykin the final point, he was still cut off by Rick, while Boykin was quiet during Rick's fp

[rainythunders]

Most of these comments are NONSENSE. I have the utmost respect for Keith Boykin for keeping his keeping his emotions intact even when he had every reason to explode. Boykin NEVER got to fully express his opinion without interruptions.

Rick Santelli SPOKE FOR 45 seconds in the opening and Keith Boykin LISTENED without interrupting. Keith was trying to explain the other side of the story, but they refused to let him speak his opinion. I like Rick Santelli, but he didn't win the argument!

[AlbertInSanAntonio]

1:58 we have a huge budget deficit !! and obama adds to the deficit 1 trillion dollars in hist first year of office there is no excuse (INVEST in are future) lol..the money already ran out!! and now the dollar is going down again what are they going to want to shoot up more cocaine again..This is bull shit

[mrblackhearted1]

Let be honest people "Rick Santelli" would never say, we should not have bailed out AIG, Bank of America, General Motors, ect. the list truly goes on. But he has a promblem with the government potentially helping the American people. I'd say his allegiance is obvious, and trust me he knows who's side he's on.

[tayxctrk]

Capitalist Beatdown!

[nate850r]

look who has passion rick or this chump

rick actually cares and this other guy is a joke

[leelynchen]

Boykin should wear a bama boy t-shirt as partisan as the guy is. Santelli is right, you can't trust EITHER party. Santelli has also been in the markets for years, and has seen the ups and downs on the front line. What Santelli says makes perfect sense to me : if you have a sinking ship, the best thing to do is patch the leak (direct method). You don't add a GPS system or an extra motor (like happy HC for everyone) that is good long term -- the ship still sinks.

[Unklebillybob]

Boys & Girls, it is time to get rid of this empty suit - He and his cabinet need to be FIRED!

[Unklebillybob]

Boykin, Boykin, Boykin! Try and spin this any way you want. Bottom line is that mr oblama was part of the mess to begin with. He, and his other dumocrat friends helped to cause our economic falderall. Now, mr oblama wants to borrow the country out of debt (3.6 Trillion Dollars Worth) and spend the country straight into the Poor House.

[panther9mm]

Look Obama will half the deficit after a few years. Everybody knows this.  He just needs to make the first year a huge amount like 10-20 trillion, and then all he has to do is bring the yearly deficit down to 5-10 trillion dollars a year

YES HE CAN!

[mattgeb84]

oh boy Obama will cut the deficit in half after he ran it up 5 trillion dollars.

and he's gonna do it by spending tons of money

you Obama fans will fall for anything won't you

[panther9mm]

Why he gonna stop at 5 trillion??? We need to save California union workers. We need it up to 10T this year, so he can bring it down to 5T later and half the deficit.

[mattgeb84]

look im not going to waste my time talking to you anymore your obviously going to keep gulping down Obama's lies.

those bank stocks will crash sometime soon most of their earnings are based on suspending the mark to market rules which allows the banks to value their assets at whatever they want to pretend they are worth, im going to begin shorting those bank stocks again, you just keep sucking Obama's juice,

this is the last message im going to send you i will no longer waste time on you.

[panther9mm]

Look Obama wants more transparancy and getting rid of the mark to market rules is a key to unlocking the future. Obama also wants to cap people's wages, so shareholders will benefit.

The banks have a better business now because they can increase fees.

[Unklebillybob]

Oblama will half the deficit after a few years?

Query then? How?

Next,,,, Our current National Debt is ~ 11.5 Trillion Dollars, Yes? Mr oblama is adding ~ 30% more to that debt. He is working very hard in an attempt to borrow this country out of debt. Where is the new money going to come from? His plans to tax hell out of those making over 250 K, a year isn't going to bring in this new money, so where is it going to come from?

[panther9mm]

I think he meant his annual deficit, not that 11.5 trillion dollars. I think the picture is something like this 2009-10T 2010-20T 2011-40T 2012-80T 2013-120T 2014-240T 2015-500T 2016-5T So you just add all those numbers to the national debt. YES WE CAN!

[Unklebillybob]

I didn't ask you to lay-out some fictitious figures, I ask who is going to pay the bill? Now, let me ask you this again. Where and how does mr oblama plan on paying for all these failed social programs? Does he plan on stealing money out of peoples bank accounts?

[panther9mm]

He will get the money from Bill Gates, Warren Buffet, Bernanke, and Paulson and all those other rich people making over 250k a year. Mr. Bernanke has very deep, so he can cover any number Obama gives if we can't get enough in taxes.

No social program has ever failed. We need them for jobs.

How is Obama going to steal money out of people's bank accounts???? That is ridiculous.

[Unklebillybob]

All the people you mentioned, and those like them, are paying the lion's share of the taxes for this country. If you just wanted to factor out Bill Gates, you would find that he has paid taxes of over $227,000,000 a year, for the past 22 years.

He has already stole money out of our accounts. Just take a look at how he wants to tax our; Retirement Accounts, Savings Accounts, Survivor Estate Accounts, etc, etc, etc.

[panther9mm]

All you people with those retirement accounts should just give it up. We need a government retirement account for everybody in america. Those accounts should be added together and divided among all people.

[Unklebillybob]

It's probably easy for you to talk about giving up a retirement account, because you are young. You really wouldn't be saying that if you had 45 - 50 years invested in retirement account(s), only to see a huge percentage lost, because of government mismanagement.

We need A government retirement account? If you knew anything about the federal government, you would know, this group of clowns has already bankrupped social security.

[panther9mm]

Look we need a trade off for the amount of debt you old people are leaving for the young so you just gonna have to pay. You old people bankrupted social security, and now you have to pay up.

[Unklebillybob]

The first thing you need to understand, is that we, OLD People, didn't bankrupt social security, Congress stole the money, all-by-themselves. And just take a look where that Social Security money went,,,, Well, hell, it went right into those failed social programs.

[panther9mm]

Right now nothing is fair. Bill Gates got more money than he know what to do with, and people in the streets dying of starvation.

[Unklebillybob]

Ahhhhhhhhhhhhhhhhhhhhhhhhhh! With all the welfare, social services, charities, church groups, salvation army, food kitchens, etc, etc, etc - there should be no one in this United States starving. Now, if you're talking about foreign countries, Well, you might be correct.

[panther9mm]

If no one in america was starving, then why people always complain about poverty? People here are starving, and they losing their homes.

At least we gonna get health care for the poor. We really need it. I think I can affoard $200 a year to pay for health care, so I guess I'm set.

[Unklebillybob]

If you want to see starving people, just take a nice trip to a few third world countries.

Don't mix-up starving people, with people losing their homes. There are many reasons why people are losing their homes, begin with Freddie Mac & Fannie Mae.

As for the poor not having health care, take a look at the plethora of hospitals that are closed because of the uninsured 'poor'.

Mr oblama has no clue of how to run anything. He is however, a damn good Bull-Shitter!

[ch1kusoo]

he earned his money like any entrepreneur.  what's the problem?

[Unklebillybob]

oblama is investing in health care? No, no, no. He's taking OUR Money and pissing it away on health care run by the federal government. Don't we already have a health care program being, BADLY RUN, by the Federal Government?

[panther9mm]

he knows that the repubs are scared. you people talk about capitalism, but are scared. private insurance companies can't compete.

[Unklebillybob]

Private Insurance Can't Compete? This must be satire!

[panther9mm]

Look, the government can charge 50 cents a year for each individual if it wants to. How in the hell can private insurance compete????????

YOU NEED TO GET REAL!

YES WE CAN!

[mattgeb84]

government insurance can only charge a lower upfront price than private insurance by operating with a government tax payer subsidy, in which case all the added cost are paid for by stealing money directly out of the tax payers paycheck.

oh by the way I know FAR more about the stock market than you which is why I've been making money in this market downturn, if you think our economies fundamentals are improving you need to get your head examined

[panther9mm]

if you had AIG you would be up 1400%.

[panther9mm]

i know you wish you had AIG, then you'd be rolling in the dough like me.

[Unklebillybob]

"... the government can charge 50 a year for each individual if it wants to." That, is a correct statement. But, who is going to pay the ACTUAL Bills?

You are the one who needs to get real.

[panther9mm]

We got enough rich people in america who can pay their fair share. Obama knows what he's doing.

[Unklebillybob]

Tell me, how does mr oblama know what he's doing, when he's never been in charge of any large corporation, nor has he ever operated a medium size business, nor has he ever owned a small business ,,, hell, he's never even held a real job in his entire life. He has however sat his ass in senate seats, voting "Present!"

Nope, the man doesn't know what the hell he's doing, because he's never done anything in his entire life. Find some other lie.

[panther9mm]

Obama is smart, and who did you want? Mkkkain? He said he didn't know much about economics to begin with. Obama was a community organizer, and that is experience enough.

[Unklebillybob]

Obama smart? Maybe! His estimated IQ is ~ 148. But then, so was jimmie carter's IQ which was ~ 176. And carter was a shitty president.

As for mr oblama's experience, he was a community organizer, getting out the BLACK votes. So, where did he have a real job?

[panther9mm]

You know that is a lowball estimate of his IQ. He's smarter than that. We ain't gonna mark to market on this one. And a community organizer is a tough job. Were you ever one? You don't know how hard it is to put people into affoardable housing.

[Unklebillybob]

No, he's not. I gave him the higher mark of the three posted for his IQ.

As for my work experience, before retiring, I will simply tell you that I would have been his supervisor, in the position he held as an organizer. Plus, by the time mr oblama had finished his college courses, my, PhD was already 11 years old.

Don't make the mistake of thinking you know someone's backround because they hold a few degrees.

[jeff99az]

that black guy is so drunk from the "Obama-luvin" kool-aid that he can't be objective about the situation he's trying to discuss. He even tries to get off the issue and start blaming the Republicans for everything. All you Obama lovers -- face reality -- Obama is pushing on the accelerator to drive us way into debt and make the economy worse.

[mattgeb84]

people can insult, lie about, and attack the tea party protesters all they want, but i got news for you WE ARE HERE TO STAY AND AINT GOING ANYWHERE

[mattgeb84]

the cost of health care is so high because of to much government involvement anyway

[panther9mm]

Look, after we took over AIG, the stock has soared. It's trading at 18 dollars now.  taxpayers are making a killing.

[mattgeb84]

the only reasons the stock market is going up is inflation, and government propaganda. all that money printed by the government had to go somewhere and it went into the stock market, soon we will see the inflation in the form of higher prices, it's already happening in the middle of a worldwide economic depression oil has already rallied 100% from its lows. all of this spending from the government is setting us up for an inflationary nightmare

[panther9mm]

I can tell by your reply that you know nothing about the stock market.

[ch1kusoo]

same for you panther. did you know that AIG had a reverse stock split? that's why it's trading at $18. no one is making a killing on AIG

[panther9mm]

Look, nobody knows what u talking about. All I know is americans got in around 2 dollars, and now it's 18. It's just how prosperity works.

[mattgeb84]

the only thing new is the magnitude

OHHH YEAH

oh by the way Bush did the same stuff Obama is doing now, didn't work when he did it and wont work when Obama does it

[panther9mm]

We just went through 8 years of repub hell. You just need to give Obama a chance.

[mattgeb84]

obama is driving toward that same cliff that bush was heading for, obama just stopped and put some racing fuel in the gas tank

[panther9mm]

look Obama is putting race fuel in it so we can fly over the cliff.

YES WE CAN!

[malibuhur12]

Yes he did inherit a mess, but then he went and made the mess 10 times worse. Thanks Obama! Please spend more of my devalued money.

[Chikusoo]

typical democrat backup argument:

-"he's only in office for a little over 100 days"

-"he inherited this mess!"

anymore?

[colderbeer]

You are so right... libs were saying MONTHS before Big Ears took office, "oh, he's gonna have such a tough time cleaning up after Bush." And why? Because deep down the high up libs know that his policies are flat-out FLAWED, and won't work in the long run. They want to trick and LIE to the voting public into having patience for all the BS policies that go against sound and basic economic policies kids learn in ECON 101.....Only CAPITALISM will save the economy, but Obama is against CAPITALISM.

[ladylordess]

Rick Santelli is the voice of many Americans. Thanks for speaking out!!!!!!

[pev11]

Boykin is a true follower of the corrupt Washington / Chicago politicians. He is an idiot. Stand up for your self. This government is not going to give you anything. They don't earn anything!

[jaingxu]

Booya! Rick kicked yo Azz!

The truth speaks for itself eventually.

[jamieldial]

Rick tells it like it is...gotta love him. Obama isn't going to do shit...all his little plan has done is increase my premiums on my health insurance and put me on a 2 year pay freeze at my job just so he can help the worthless assholes thats too lazy to go out and get a job...thats it obama inspire more people to do nothing but sit on their asses...maybe Obama should hand his paycheck over if he's so concerned...KEEP IT UP RICK!!!!

[Broadw4]

At least Keith Boykin is talking for the people unlike that babbling idiot Rick Santelli. This guy will be the new champion at CNBC!

[matello18]

GO RICK YOU DA MAN!!!!!

[jmedwick]

When did Kieth go from a "democratic strategist" to a "CNBC contributor"?

[Skyhawk474]

Santelli speaks for us all who are looking to be left alone, want less government, and not looking for a hand out, yet willing to give a hand up if the recipient is willing to contribute.

The Obamatards will certainly alienate many Americans with their government "cures all" approach.

We thank Rick for speaking out against poorly thought out financial decisions, he is an island in the main stream news that is not just a mouthpiece for the current administration.

[jerthemessiah]

Keith Boykin did nothing but vomit up talking points.

[jaingxu]

Rick Santelli! I love you man!

Santelli wins by a landslide!

[jrs4286]

boykin has no idea what he's talking about. obama is going to cut the deficit in half by the end of his first term? bullshit, he's well on his way to tripling it by then.

[dkkght46]

Keep working, folks. The deadbeats need gas to fill the tanks of those free cars. They have to be able to make it to the KFC to get their free Oprah-provided chicken dinners. Then, off to the liquor store, with a stop by the crack-house on the way home. Odopey, the Barney Fife of Presidents.Dont give him a knife it may be loaded.

[itsoktoaskaquestion]

CNBC shouldn't waste Rick's air time with this Tea Party hating putz!

[backfromhomedepot]

Boykins = another dumb socialist. Most of these dimwits have never executed a single trade in their life for their own accounts and now they are going to fix the economy and markets?