Big picture he is right. Well, unless your Liesman or kalm and think the quagmire we're in is an actual recovery.CAA Flagship wrote:Don't get me wrong. I'm not saying Santelli is right or wrong. I'm saying he is very entertaining.kalm wrote:
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And Santelli is not wrong yet. I have seen a lot of criticism of companies like IBM producing good earnings reports that benefited from stock repurchase rather than top line revenue growth. That is the use of "free money" that Santelli rants about.
All this "free money" the government has been giving out has done nothing but inflate a bubble that, when it explodes, will make 2008 look like a rounding error.
Then, like always, Liesman, kalm, dawgshitforbrains, lube boy, and their ilk will gloss over the root cause and throw out that populist red meat bullshit and blame it all on that evil Wall Street "greed".

