With tongue only partially in cheek, a CNBC analyst on the floor of the Chicago Mercantile Exchange this morning responded to President Obama’s proposed $275 billion deficit-financed homeowner bailout plan and other massive spending measures with a call for a new “tea party.”
Rick Santelli, in a nearly three-minute rant that drew approving hoots and comments from nearby traders, said the Obama administration’s promotion of bad behavior must be causing the founding fathers to roll over in their graves.