Liesman Gives Santelli His Best Shot..... "Shut up Rick" ..

[Dreams553]

Such a shame. I liked Santelli better his first year on the job and CNBC BEFORE Liesman came aboard.

[YManCyberDude]

Anyone but Obama 2012 . . .

[boowonder888]

Santelli just now on CNBC (nov 17):

"" Our (economic) numbers are decent.""

After reading the just put out figures on housing and jobless claims. I was surprised that for once he was positive about a positive report. Never seen that before.

[coolmamac]

I people had fuckin jobs it would be different. F you Rick! If you lost your job, You may have a different perspective. Hang these money parasites.

[jabberwolf]

Shut up RICK?

RICK WAS RIGH.. AS ALWAYS

And liberal retards WRONG.. I hope people look back on this.

Liberal are economically RETARDED !!

[wogdoggy]

when santelli stands on his wallet hes taller than shaq...screw liesman hes a dolt

[bmay1000]

holy s#@t liesman should really read up on all those socialized countries that are now defunct due to the same "share the wealth, spread the poverty" routine that he wants to employ.

go rick, i love listening to your insights every morning.

[2mogar]

Liesman is such a fricken idiot

[AndyMH182]

I can't get enough of these Liesman vs Santelli clips

[mazirian7]

Rick is a free market guy, Steve is a big govt socialist.... so of course Rick always wins these debates

[SuaveSavant]

Does Liesman honestly believe gov't regulation is necessary to an economy? They didn't exist no more than a few hundred years ago or more. They are a luxury of developed civilizations. You don't need the gov't to watch out for the people. We live in a darwinistic reality first and foremost.

If you depend on the gov't for anything, be prepared to be disappointed.

[co211]

Steve "LIES"man is a FED mouthpiece and apologist.

[columbus63]

this looks like austrian economics vrs keynsean econmics.

[bigmedge]

Liesman took Santelli to school here, as he often does. @ 3:30 "The market created a completely dysfunctional securitization system" - amen, considering that the interests of the borrower, original bondholder, & investor are completely divergent. Also, considering that for every $1 worth of assets a bank held, they themselves proceeded to purchase $40-50 worth of CDOs. And looking back 4 months after Feb 19, Kudlow's argument that Cali's RE market has stabilized itself is laughable

[grrgto]

WTF Video were you watching?

Liesman has never had to make payroll, he's collects a check and wants the backbone of America to pay the bill for those who WON'T pull their share!

[bigmedge]

give me an argument based on an economic principle, not "WTF Video were you watching," then you can actually call it an argument

[grrgto]

littlemedge,

No change, WTF Video were you watching? Liesman tok no one to school. He pretended to be neutral and oozed geekness... He never acted American! GLOBALIST = FAIL.

Again WTF Video did you see LIESman take Santelli to School?

[Questfortruth86]

Liesman is a moron, if he's an economist, I'm the emperor of Japan. The market didn't create anything, the interventionist institutions artificially suppressed interest rates below the equilibrium rate stimulating malinvestments and creating bubbles.

By the way, what happened to rick lately? I think Obama had him "silenced."

[pnnorton]

Traders jobs are so stressful just because they have no idea what they are doing and a couple bad results and their out of a job.

[finster37]

steve lies man

[itsoktoaskaquestion]

Liesman is a whinning baby!

[vampov]

Rick is correct. Government controlled markets have problems correcting. It was government controls that helped create this problem. History has skewed the effectiveness of FDR's policies but they actually hindered the depression from recovering sooner. The market really started to improve under Truman and because of WWII. Government controls help economies....Yeah look at Cuba that place is a real winner ohh and lets not forget North Korea there is a great place live.

[ARIGOLD12]

It wasn't exaclty WW2 that helped it...although it played a role...the gold that poured in from Europe increased the money supply and was the essential stimulating effect that ended the depression.

[whoraps]

Lol, look at 6 of em just standin around there as he says  "You guys all work really hard". Lmao these fools dont know shit about hard work!

[ARIGOLD12]

Are you joking??....maybe you should be a trader then.

[whoraps]

lol im just saying, I fabricate/build machines. A hard laborer compared to middle men, who in essence at the end of the day have done nothing. Hearing people who get paid really well for not really producing any goods is a slap in the face to those of us that do. All the power to them for makin their money though. Im happy knowing I actually have skills.

[ARIGOLD12]

I understand your perspective but traders have legitamate jobs too they provide liquidity in the market too make the prices efficient....I used to think it was easy money until I worked for a trader over the summer....the work is hard in the sense that very few people have the mental capacity to be sucessful....and traders dont make as much money as people usually think...most guys on the floor that are profiting dont clear 100k....I respect your job tho...I think manufacturing is essential

[ConservativeAnthem]

Marxists venerate the common worker, all the while screwing them over & delivering the cream of the crop to the upper politicians.

[vampov]

You have no idea the stress that comes from trading. The reason these men get paid good because their job is not easy. The reason they aren't working hard is because the market is not trading

[ARIGOLD12]

exactly....I can say it is the most intellectually and pyscologically demanding job there is....I would love to see normal 9-5 workers try it...nothing against anyone but just because someone is not physically working hard does not mean its not hard work.

[whoraps]

I understand you have been a trader so you know a bit more about their daily routines then I, but to say it is the Most Intellectually and Psychologically demanding job is just upsurd I'm sorry. Go spend a few years in Iraq then say something like this. Again nothing against the job itself. Its just hard to swallow his words coming from the floor in which so much greed/corruption takes place that nearly destroyed our economy. Its the elitist attitude that rubs me the wrong way. No offense.

[whoraps]

When we boil down to it, its all tax money that the gov, will spend regardless its just a matter of where. Id rather see it go to Americans in rough times and those few bad Americans then goto, a 5k hammer when a wrench is needed for the job, so to speak which is where our tax money normally goes.

[panther9mm]

Why is going to Iraq so intellectually demanding?

[ppark77]

lol i love it when these two go off !!!!

[BosPercussion]

Liesman is an idiot - If you look at the statistics the market goes down on days the President speaks or government acts. If people can't fail, it never prompts responsibility on the end user.

[InfluenceStudios]

All the people that killed their own cows need to have the carcuses removed, and those that can afford the steak will eat.

[itsoktoaskaquestion]

Santelli cleaned up the floor with Liesman today on CNBC's Call of the Wild 4-13-09. He also stuck up for Tea Parties... Liesman was making fun Tea Partiers. Attend your local Tea Party, Apr. 15, 09 !!

[jeeum]

i'd like to contact Liesman and ask what he meant with the cows analogy.

[GAndreiev]

Who's the guy at lower screen left?! He is always there!!!! And whats with the big winter coat?! He's checking his stocks while he warms up his Pathfinder?!

[somersetdc]

liesman sounds like a decent guy -- and a lot more intelligent than those fools, kudlow-the snapping turtle, Santelli-the fake populist deomogogue, and the blonde bimbo-who doesn't seem to know anything except Miss Clairol. Obviously, the market, without regulation and oversight, went bezerk and didn't not self-correct because of lies and greed. A small portion of the problem was unqualified homeowners. 75 billion is a small amt. for ppl facing forecluse compared to trillions for the banks, etc.

[milvern17]

go rick go, fuck lazy welfare fuckfaces

[jimmynjdevils]

This guy blazingbiz knows what he is talking about guys, he gets his news from al jazeera and the taliban, just look at all of his videos. I would def. trust his economic advice.

[DebtIsMoney]

I watched this when it first aired. I watch it now and my jaw still hits the floor. I have no idea where Leisman is coming from... ohh yeah I do, Russia.

[blazn3000]

balls

[TashaKheiriddinFan]

Rick Santelli is a LEADER.

Obambi is so NOT.

Santelli-Wolfman or Santelli-Palin. Soon!

[ccgraphics20]

Steve leisman is the typical liberal idiot: he resorts to name calling and using insults to feel smart and he has nothing intelligent to say.

[NALF67]

Steve leisman is a idiot by all means--We need to do nothing to the markets:It's hard to invest if the government might fuck with your investments the next day

[solidsnakevx]

Liesman is a Socialist

[BloodonaBible]

This is sad,the republicans just can't stop whining. We can't hold on to OLD ideas that have done NOTHING.Obama doesn't want to do this,but he needs to in order to spark growth in the economy. Why can't you idiots see that?

[Truth0rDeath]

Because thats fucking bullshit.

[HerrSchenkel]

The Republicans have barely been holding onto any old ideas; they've been complicit in the expansion of government...fuck, they did it by themselves when they had control of the legislative AND executive branch...if they did nothing to the economy in the first place, we would be fine. The only things government should do for the economy is get rid of the stuff that's it previous put in the way. We're in this mess because of Fannie and Freddie which were GOVERNMENT entities.

[BloodonaBible]

This doesn't change the fact that we are in a mess and the only fast solution we have come up with,is to bail out Fannie and Freddie. The republicans and democrats let them get us into this.

I'm not dead against republicans,but they have done nothing these past 2 years and now do nothing except whine about Obam, making themselves look worse.

Bottom line is,Americans are sick of the recession,Obama has a plan,the republicans,do not

....unless you call shouting childish insults a plan....

[HerrSchenkel]

The fiscal conservative's solution is to let the market hit its natural bottom and recover. It gets rid of all the toxicity in the system. Also, the Republicans tried somewhat to keep Fannie and Freddie under check, though.

[BloodonaBible]

Nobody knows where that natural bottom is or when it will hit. People are losing their jobs,they can't keep up their house and car payments,they can't support their families,businesses are closing,laying off even more people. It's gone too far. Sitting around doing nothing is no longer acceptable to me or the people of the United States and that was proven on November 4th 2008.

[HerrSchenkel]

Yea, we don't know when we'll hit the bottom, but it's still not a bad thing. Some people lose out in bear markets, but there's great opportunity to profit too. But this insane spending is only going to make things harder for people to save up for catastrophes such as the ones you listed. The Dems sat around saying Fannie and Freddie were ok, and Bush (I don't like him, but I have to give him props where it's due) wanted to get things under control.

[HerrSchenkel]

Also Bush was doing the same thing that Obama was doing. Bush started pushing the bailouts and signed bills for massive spending, and Obama is going the exact same thing, only morseso.

[tigercrewdog]

the reason nothing got done in the last two years is because the dems controlled congress. Joe lieberman, pres bush, and john mccain tried to push more oversight into fredd and fannie in 2004-2005 the dems blocked it because they did not want to loose the campain contributions. People like maxine waters, barney frank, chris dode and nancie pelosi

[cushmandavis]

Steve Liesman, another lackey for the state.

[unchiekun]

leisman is a pos what a shill.

[angel78566]

We need to bring back the welfare state and transition to a socialist economy.

[autoteester]

All I gotta say is Dr Martin Luther King Jr was a REPUBLICAN! --- Dang those Republicans!!

[naijarican]

Take history lesson and you will realize that the parties switched sides during the civil right movement. The old republican party is similar to present day democrats.

[HerrSchenkel]

You completely oversimplified this. Yes, there was a major shift during the sixties, but the parties didn't suddenly start standing for each other's principles. Democrats have always been big government, but some (especially in the south) used big government to hold down black people.

[HerrSchenkel]

LBJ (a dem) signed the civil rights act which had some legislation barring individual liberty (of business owners and such) to try and help black people, so Dixiecrats turned Republican to try and undo those laws, and brought their big govt ways with them. True conservatives are for small government that treats people equally regardless of race, and unfortunately there's been less and less of that from Republicans, but this doesn't mean that the Democrats embody their old message at all.

[HerrSchenkel]

Where did you hear that MLK was a republican? All I've ever heard is that he was a democratic socialist. Either way, it doesn't matter how good or bad a single person is in either party, it has no bearing on the party or it's philosophy.

[xlioilx]

idiot LOL lets bail out more banks dumb ass!

[Jbreed2011]

HAHA LIESMAN IS AN IDIOT

[infopatriot]

If Liesman cares so much about people losing their homes why doesn't he use his large salary that he makes at CNBC to help people in trouble? Instead like a socialist scum that he is,he wants to show his compassion by using other people's money. He is advocating theft in the name of campassion. Sound money and free markets are the only way to go in a truly free society. America does not have sound money or free markets. That is the solution Mr. Liesman. Notice that this guy had LIE in his name.

[infopatriot]

All the government is doing is digging a deeper hole. Santelli is correct when he said the market came down despite the "stimulus". The notion that we have free markets is absurd. First we have a private central bank called the Federal Reserve artificially setting interest rates rather than the market driving rates. Second, we have the Preseident's Working Group On Financial Markets known as the "Plunge Protection Team" manipulating markets.

[mmagar5754]

The problem is Money Supply and keeping prices up--illiquid, where buyers and sellers are not finding equilibrium are going to keep this recession/depression alive and well. Leisman needs to get out of school and into the free market. The solution is changing our money system out of this private federal reserve banks + interest to a US Treasury of the people. Milton Friedman even stated that these crisis's are a result of sharp decline in the Money supply, not shown publicly since 2005

[jasonboh26]

Santelli is a loud mouth idiot

[stinkypoon]

Liesman is an unabashed fool.

[becauseicare2]

Rick also pointed out what steve would not acknowledge and that is the unregulated derivitive markets. The credit default swaps, CMO's CDO's and other SIV's that have been so much of a larger problem than the mortgage mess. That is what has brought the banks down, not just the mortgages but all the malinvestments and overleveraging the banks did....at the discretion of congress, the treasury and federal reserve....screw em all!! Take my house!! I'll pay my credit card bills when they pay!!

[becauseicare2]

9.7 trillion dollar over the past 18 months is hardly doing nothing!! I get tired of hearing this over and over, we cannot do nothing...when will it besomething??? 20 trillion 50 trillion?? Lets keep throwing kerosene on the fire!!!

[Paetaor]

"Just because you don't like what the market is doing doesn't mean that it's not working the way it should." - Rick Santelli (Paraphrased)

Liesman makes me want to punch my screen.

Betcha 92% agree with Santelli and the rest with Liesman.

[ShockerWorthy]

EPIC BATTLE

[garyowen4ever]

steve liesman is the ny pig dog schweinhundt you love to hate....he's the JR Ewing of cnbc.....but JR was a loveable rascal in the end,,,,,and had redeeming qualitiies,,liesman is pure gutter garbage.

[1776RonPaul2012]

America is truly entering the battle of socialism vs. capitalism.

Capitalism will win in the end, but i'm guessing socialism will win the battles in the near future :-(

[libertyplayground]

Liesman's an idiot

[thesiver]

So Steve's solution is to take half my cow and give it to my neighbour?

[ircjunk2004]

Shut up steve. If 3 cow is too much inventory, 1 need to die. Whoever can handle the cost of owning a cow keeps his or her. Heck, because of milk price decrease, diary farmer are liquidating their excessive inventory of cow.

[swpcbee]

Is America going Nuts?

[thinbev]

When is Liesman going to get fired for being wrong and being rude?

[imjames123]

Poll:

Whos more obnoxious: Charlie Gasparino or Steve Liesman?

[5K2aM]

Liesman doesn't know what he's talking about.. as always...

[jpfchi]

I f"cking hate Leisman...He works for the govt trying to spew bullsh*t to the public on CNBC

[garyowen4ever]

liesman and kudlow are new york pigs that both love wall street and the fed, kudlow hates bailouts, i hate bailouts but i also hate wall street wealth class pigs and most of CNBC except santelli, ratigan, gasparino and haynes .....

[modelmotion]

the criminals on capital hill did this to us in 98.

[disciple90633]

Liesman is a freaking idiot and as corrupt as the bankers and politicians who have been SHITTING on the CONSTITUTION for years now.

Liesman, Geithner, Bernanke, Dennis Kneale, Jim Cramer and the rest of the mainstream media idiots and politicians should all be shipped of to Gaza and forced to live there for a year. Or better yet, they can be shipped to Zimbabwe so they can see where their monetary policies will soon be taking us!

Santelli is actually right on the mark...RARE for CNBC.

[yang2enator]

@disciple90633 The guy's last name is Liesman!!! I am so disappointed in my klepto-archy banking elites!! Have they not learned anything from George Orwell??? Would Someone at Goldman's Sacks to please change his name to TRUTHman. And tell Liesman to just call Santelli unpatriotic/ greedy/ ignorant or anti-economy next time they speak. (propaganda 101) Liesman is an idiot for trying to debate; its anti-agenda! HUH$#, i just figured it ouT!! Liesman must be a plant by Chuck Baldwin! D@3n

[l4n4st4sl3m]

Should we sit down and do nothing?

yes. Backruptcy laws exist for exactly this reason.

[tyronebiggums3]

People's homes MUST CORRECT ON THE DOWNSIDE.

God Da**it, Liesman, STFU!!

[psbyowner]

good 1. team santelli on this one; think ill just duck out and buy silver.

[sitesprocketdotcom]

I'm way ahead of you :D