Fireworks: Kudlow, Santelli Rail Against the Corruption of TARP and Gov’t in the Private Economy
If CNBC on-air talent has really had their hands tied by General Electric and NBC management on criticizing the current administration’s economic policy, you couldn’t tell it from watching Rick Santelli and Larry Kudlow.
On CNBC’s April 24 “The Call,” Santelli expressed his frustration with an overreaction by the government to solve the financial crisis when Kudlow asked him about the expansion of bailout obligations from the original TARP bailout price tag $750 billion to the $3 trillion.
“Listen - I’m glad I didn’t say that, I’m glad I didn’t say all that,” Santelli said. “Do I disagree with it? Probably not. But, I’ll take it a step farther - in the beginning, whether it was the commercial paper program, there was a need just like babies have a need for milk. But I don’t need to drink a couple of gallons anymore.”
…more (w/video)…
(Excerpt) Read more at newsbusters.org …
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