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

Tyler Matzek

So the World Series has come around again, evoking the usual mixed feelings. For one thing, I don't have a team this year, although I'll be pulling for Atlanta in honor of my friend Lauren, a serious Braves fan I pretty much talked into baseball when she was my student. As a sometime athlete and a serious reader with a taste for complex narratives, she was a natural.

Also, the Houston Astros cheated. Bigtime. Cunning and crude, the team's 2017 electronic sign-stealing, trashcan-banging scheme tipping hitters to incoming pitches could have been designed by Vladimir Putin. It wouldn't have bothered me if several Astros had been banished from baseball like Pete Rose, whose compulsive gambling hurt mainly himself.

Keep reading... Show less

Mark Meadows

Reprinted with permission from Alternet

Legal experts including a Harvard professor and a top election and voting rights attorney are weighing in on Sunday night's bombshell report from Rolling Stone naming members of Congress and the Trump administration who were involved in the planning and organizing of the January 6 rally and/or "Trump's efforts to overturn his election loss," according to two of the planners of the "Stop the Steal" rally.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}