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'''Rick Santelli''', an editor for the [[business]] [[news]] channel [[CNBC]], <ref>http://www.cnbc.com/id/15837966/</ref> said of Obama's mortgage bailout plan, "The government is promoting bad behavior!" <ref>http://www.chicagotribune.com/business/columnists/chi-sun-phil-rosenthal-22feb22,0,7002362.column</ref> Santelli also compared the [[Obama Administration|Obama administration]]'s policies to the ones that destroyed the [[Communist]] [[Cuban]] [[economy]]. Santelli called for [[Capitalism|capitalists]] to join for a "[[Chicago]] Tea Party" to protest the "collectivist" mortgage plan. Santelli's impromptu speech became a hit and over a [[million]] [[people]] viewed it soon after it appeared on CNBC's site.

Rick Santelli began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of [[markets]] including [[gold]], [[lumber]], CD's, T-bills, foreign currencies and [[livestock]]. Santelli gained experience and eventually worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. He has provided live reports on the markets in print and on local and national [[radio]] and [[television]].

His speech has also provoked a movement, called the [[Tea Party Movement]], of much longer standing than anyone at the time realized.

On February 19, 2009, Rick Santelli and the traders on the floor of the CME Group expressed outrage about the bailouts and over the fact that the [[Obama administration]] is forcing taxpayers to pay for their neighbor's mortgage, particularly if they bought a house that they could not actually afford. In what is now known as the [[Tea_Party_Movement#Shout_Heard_.27Round_the_World|Shout Heard 'Round the World]], Santelli argued, "The government is promoting bad behavior!"<ref>Phil Rosenthal. [http://www.chicagotribune.com/business/columnists/chi-sun-phil-rosenthal-22feb22,0,7002362.column Rant by CNBC's Rick Santelli puts pundit at odds with Obama administration], ''Chicago Tribune'', February 22, 2009.</ref> He declared that [[United States|America]] needed "a new kind of tea party," so that [[Americans|citizens]] can express their discontent with "the government's support of fiscal irresponsibility."<ref>[http://www.cnbc.com/id/29283701 Rick Santelli's Shout Heard 'Round the World], ''CNBC'', February 22, 2009.</ref> His video set a record at ''CNBC.com'', scoring as many page views as the site’s previous leader, after a 2007 rant by [[Jim Cramer]].<ref>Phil Rosenthal. [http://archives.chicagotribune.com/2009/feb/23/business/chi-rosenthal-23-feb23 Rant raises profile of CNBC on-air personality Rick Santelli], ''Chicago Tribune'', February 23, 2009.</ref>

=="Rant of the Year"==

Rick Santelli's on-air rant helped set in motion the [[Tea Party Movement]]. However, [[liberals]] attempted to dismiss the video of Santelli's call to fiscal responsibility.<ref>[http://newsblogs.chicagotribune.com/towerticker/2009/02/rick-santelli-on-his-cnbc-mortgagebailout-rant-we-really-really-tapped-into-a-nerve.html Rick Santelli on his CNBC mortgage rant: 'We really, really tapped into a nerve'], ''Chicago Tribune'', February 22, 2009.</ref> Despite their attempts, the video "caught fire" on the [[Internet]] and White House press secretary [[Robert Gibbs]] responded with a condescending attack.

Liberals attempted to dismiss the video of Santelli's call to fiscal responsibility as a "rant". <ref>http://newsblogs.chicagotribune.com/towerticker/2009/02/rick-santelli-on-his-cnbc-mortgagebailout-rant-we-really-really-tapped-into-a-nerve.html</ref> However, the video "caught fire" on the internet and White House press secretary [[Robert Gibbs]] responded with a condescending attack. <ref>http://www.politico.com/news/stories/0209/19083.html</ref>

===Youtube link===

[[White House]] Press Secretary Robert Gibbs singled out media personalities Jim Cramer, [[Rush Limbaugh]] and Rick Santelli in the course of less than two weeks.<ref>[http://www.foxnews.com/politics/2009/03/04/gibbs-takes-gloves-challenge-reporters-hosts-cross-obama/ Gibbs Takes Off Gloves to Challenge Reporters, Hosts Who Cross Obama], FOXNews.com, March 04, 2009.</ref> Gibbs responded at length to Santelli's on-air rant at the Chicago Mercantile Exchange. Asked about the segment, Gibbs said:

{{Cquote|I'm not entirely sure where Mr. Santelli lives or in what house he lives. But the America people are struggling every day to meet their mortgage. ... I would encourage him to read the [[President Obama|president's]] plan and understand that it will help millions of people, many of whom he knows. I would be more than happy to have him come here and read it. I'd be happy to buy him a cup of coffee -- decaf.<ref>Josh Gerstein.  [http://www.politico.com/news/stories/0209/19083.html Gibbs rebukes CNBC's Santelli], ''Politico'', February 20, 2009.</ref>}}

 

Despite Gibbs attempt to dismiss the logic of Santelli's speech, it inspired and brought increased motivation to the [[Tea_Party_Movement#February_27th_Tea_Parties|Chicago Tea Parties]] that took place on February 27, 2009; over 30,000 people made it to this event.<ref>{{cite web|last=Christoph |first=Teri |url=http://smartgirlpolitics.ning.com/video/video/show?id=2488056%3AVideo%3A24070&|title=SGP.TeaParty |publisher=Smart Girl Politics|date=2009-02-27 |accessdate=2009-03-03}}</ref>

 

 

===External Links===

*[http://www.youtube.com/watch?v=bEZB4taSEoA Rick Santelli's call for a Chicago Tea Party]

*[http://www.youtube.com/watch?v=bEZB4taSEoA Rick Santelli's call for a Chicago Tea Party]

*[http://www.youtube.com/watch?v=uZSlOifcEo4&feature=related Hardball: Rick Santelli Responds to Robert Gibbs]

*[http://www.youtube.com/watch?v=uZSlOifcEo4&feature=related Hardball: Rick Santelli Responds to Robert Gibbs]

[[Category:Television]]

[[Category:Television]]