New Boston Tea Party

Proof that the American people are sick of the federal government’s socialist tactics.

In an interview with NRO CNBC’s Rick Santelli had more to say.

On the real issue -

The issue is, you can’t pick out 8 or 9 percent and give them things that weaken the 90 or 92 percent who are carrying the water. You need to come up with legislation that may help the people that need it but not hurt the people that… listen, my 401k’s a 201k, my kid’s college tuition is going up 10 percent. This is tough for everybody. Maybe a tax break, maybe everybody who has a house gets something. They need to quit picking winners and losers, and they have to quit alienating the classes. You have to figure out a way to float all boats, and I think that’s where the administration has gone wrong, and I think that’s the nerve I hit.

On his assessments of the entire plan of rushing to “bailouts” -

I remember this all started roughly in the summer of ’07, and at that point, that Halloween that followed in ’07, I think I said something like, Frankenstein derivatives aren’t going to be resuscitated. These bad positions are going to hang around until they’re taken out. As an ex-trader—I traded for 20 years—bad positions don’t go away. There’s not enough money for many of these banks to sell them, because of what it does to their balance sheets. At the end of the day, whether it’s housing or whether it’s toxic derivatives, I just don’t think you can spend your way into correcting something that’s going to be painful and make it not painful. So I think I’ve been kind of spot-on in many ways as to the spending plans.

At the end of the day, it’s simple. A lot of the president’s advisers are saying that there’s a multiplier effect to the government money, and it’s over one. Now if that’s true, then the government should spend non-stop for the rest of our lives, because we’ll get a positive return. And it makes no sense.

On how this will play out -

I guess in the end, I believe in the founding fathers, and I believe that in America… the pursuit of happiness and to work hard and keep the fruits of your labor is something I believe in. And I’m not saying we should forget people who need help. But at the end of the day, Americans are strong and they’re charitable. I think what they have a problem with is that it’s force-fed via the government.

But the revolts/protests aren’t just happening on the trading floor in Chicago, they are happening across the country.  Michelle Malkin has details on the growing grassroots movement not being mentioned by the MSM.

My syndicated column reports on the growing, grass-roots movement against porkulus/spending binges/the entitlement culture from Seattle to Denver to Mesa, Arizona and beyond. Why aren’t you hearing about it in the MSM? Because it doesn’t fit the victim mentality/government savior narrative. We don’t exist, remember?

Well, more of you non-existent rebels will be gathering in Overland Park, Kansas tomorrow, Saturday, at Rep. Dennis Moore’s office (D-KS) at 10 am. You heard it here first. And it’s on. Reader Amanda Grosserode (now a commenter here – her handle is Huskergirl) got the ball rolling. Talk show host Darla Jaye is on board (more details here) and I hear Kansas Americans for Prosperity is getting involved.

…

Plans are underway for anti-stimulus-palooza protests in Overland Park, Kansas, Nashville, and New York — home of smug Democrat Sen. Chuck Schumer. Schumer’s derisive comment on the Senate floor about the “chattering classes” who oppose reckless spending has not been forgotten or forgiven. The insult spurred central Kentucky talk show host Leland Conway to organize a pork rind drive. Angry taxpayers bombarded the senator’s office with 1,500 bags of cracklins.

Perhaps such a protest needs to be organized in the Green Bay. Or perhaps a pork rind drive for Rep. Kagen who voted for the Great Generational Theft Act.

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