Santelli has become famous over his criticism of the current administration's economic policies. Santelli is now calling on the Government to stop spending. Many economists believe the first stimulus package did not work, and we are at risk of sliding into a double dip recession. Some economists like Paul Krugman are calling for more spending, while other economists are calling on the Government to decrease spending.
I am not taking a position either way. I just thought this video would be enjoyable whether you agree with Santelli or not.
"Go read some Austrian economist instead of the funny pages." Santelli tells Liesman, to which the response is "I am ready to talk about Fred Hayek, John Hayek, and Selma Hayek." Followed promptly by the Santelli coup du jour: "Go back to Russia where you understand the state and the citizen."
About the author:
Jacob WolinskyMy investment ideas have been inspired by many of value investors including Benjamin Graham, Charles Royce, John Neff, Joel Greenblatt, Peter Lynch, Seth Klarman,Martin Whitman and Bruce Greenwald. .I live with my wife and daughter in Monsey, NY. I can be contacted jacobwolinsky(AT)gmail.com and my blog is www.valuewalk.com
Visit Jacob Wolinsky's Website