Mon, Feb 23, 2009 9:54 EST

Mad As Hell, Not Taking It Any More....Join Rick Santelli's Chicago Tea Party!

Topic: Personal Management

Current Rating: Comments: 3

Could your business use some of that cool $800 billion the Feds are using to prop up failed/failing financial institutions, struggling automotive firms and the 10 million American families who can pay their mortgages but opt not to because their homes are "underwater"....ie worth less than value of the mortgage?

Well CNBC Chicago correspondent Rick Santelli is fed up with the areas of Fed stimulus focus and last week called for a "Chicago Tea Party" revolt in this on-air rant.

While Santelli was keying his comments to building frustration among American consumers, I am asking the CIO community to comment on Santelli's rant from the perspective of your business.

Many now say the recession will continue until the fall of 2010. Answer candidly: will your company survive until then? Will your business be smaller when this recession comes to a close? Will you still have your job?

Is Santelli right? Is America throwing good money against bad?

What should the Feds be doing that could help your business?

Will you join Santelli's Chicago Tea Party!

Cheers,

Gary Beach,Publisher Emeritus, CIO Magazine

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Mon, Feb 23, 2009 17:01 EST

tea party

Posted by: Anonymous
Rating:

thanks to mr Santelli for getting to say what most of us would like to

private insdustry no longer can compete with the goverment to employ people

i live in a rural area of PA and school teachers state police state employees and county employees make more and have many more benifits than
the average employee in our area

the last four employees that we lost all went to work for the goverment

the healthcare alone is equal to 6.25 per hour that is more than minimum wage ofcourse the goverment can not go bankrupt so they just keep giving them more

now the goverment wants to pay peoples mortgages for them

the working man in this country just gets screwed

like california Pa will just raise taxes

and they wonder why companies move their operations overseas

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Mon, Feb 23, 2009 18:42 EST

Rick Santelli

Posted by: Anonymous
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Rick is so right it-- feels good. When government thinks it can run things better than private industry, we get the Community Redevelopment Act leading to banks forced into bad risk loans which led to the collapse of credit in America. You also get countries like Cuba, or Russia. What sick person wants that? Maybe Sean Penn. He and his ilk are free to move to Columbia anytime--but you won't see them do so. All talk, no action.

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Wed, Feb 25, 2009 15:10 EST

Government Bailout

Posted by: TBoehm30
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Sure, I want a piece of that bailout just like everyone else. Unfortunately I'm a responsible hard working fool who has to pay for the current idiocracy that is going on.

Even if this 'stimulus' package works, how long will it take to pay back? What happens when no one will loan the U.S. more money because we've borrowed too much already?

I wonder.

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