To: RetiredNow who wrote (143965 ) 7/15/2014 10:43:00 AM From: Alex MG Respond to Bad news is good news for Heroin addicts. They figure that the Fed will keep printing if the news gets worse and worse. Rick Santelli is one of the right wing talk show pundits who helped launch the Tea Party movement with his rant attacking a federal policy that would help homeowners after the mortgage crisis in 2009. “The government is promoting bad behavior! Do we really want to subsidize the losers’ mortgages?!!!! This is America!!!!!” He's always on screaming about something or walking off the set, but today CNBC's Steve Liesman and the other guests tore into him when he claimed once again that if the Fed does anything to help the markets, it will cause massive inflation. crooksandliars.com a Monday afternoon debate, the CNBC panel — including Liesman — tore into their famously outspoken colleague by telling him that all of his dire predictions about the Fed’s actions have been proven wrong.Janet Yellin possibly risking inflation, host Scott Wapner intervened to say that “the jury’s still out as to whether the Fed is going to help.”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… There is no piece of advice that you’ve given that’s worked, Rick. Not a single one … 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.
