The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

CNBC reporter Rick Santelli, whose 2009 rant on the floor of the Chicago Mercantile Exchange helped launch the Tea Party movement, was told that he has been wrong about everything during a heated on-air argument on Monday.

After Santelli offered a characteristically heated argument that the Federal Reserve has fallen behind the curve on inflation, CNBC analyst Steve Liesman stepped in to remind him that pretty much every prediction that he’s made since the financial crisis began has failed:

It’s impossible for you to have been more wrong, Rick. Your call for inflation, the destruction of the dollar, the failure of the U.S. economy to rebound. Rick, it’s impossible for you to have been more wrong. Every single bit of advice you gave would have lost people money, Rick. Lost people money, Rick. Every single bit of advice. There is no piece of advice that you’ve given that’s worked, Rick. There is no piece of advice that you’ve given that’s worked, Rick. Not a single one. Not a single one, Rick. The higher interest rates never came, the inability of the U.S. to sell bonds never happened, the dollar never crashed, Rick. There isn’t a single one that’s worked for you.

This being CNBC, Santelli was attempting to shout over Liesman throughout the entire discussion. But Liesman’s punch still landed nonetheless.

Screenshot: YouTube

Want more political news and analysis? Sign up for our daily email newsletter!

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Official White House Photo by Shealah Craighead

Reprinted with permission from Alternet

President Donald Trump, who still hasn't conceded that he lost the election, will soon be leaving the White House. On his way out, he's not participating in any of the traditional hand-off rituals that incumbents typically do to welcome newly elected Presidents (like leaving a farewell letter of advice to the new president or having a one-on-one conversation with them).

Trump also apparently wants his departure to involve "a military-style sendoff and a crowd of supporters" at either the White House, the Joint Base Andrews or his final destination, the Palm Beach International Airport, according to CNN.

Keep reading... Show less