Thread: Santelli: If Not For 'Tea Party', USA Would Be Rated BBB

Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB

Posted on August 8, 2011

Video at the link: http://www.realclearpolitics.com/video/ ... d_bbb.html

"You know what leadership means? It means that it doesn't really matter what S&P says. We all know deep inside that no country is the same as it was 5 years ago. And the market seems to be okay with it. And as for stocks going down we were already Ralph Cramden (of Honeymooners) on thin ice. Now an infant jumped on our shoulders. It’s just even more weight.

"In the end, in the end we need to address problems we know exist. A Treasury Secretary or a President should be out here not fighting S&P, not grabbing the other coach and slapping him around, taking the umpire behind the barn. He should be getting the team psyched to overcome.

"See I remember I had a professor in college. I wrote a great paper. Could never please this guy. But it made me better. Okay? We’re better than this. Don’t get caught up in the minutia. All this BS. We’re better than this. We need to prove it. We’re off the track. Whether we're better than some other country or not, the real issue is we're on the wrong path.

"Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn't for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB."

(source: The Right Scoop)

http://www.realclearpolitics.com/video/ ... d_bbb.html

The lowest rating is 'DDD'

The 'D' means 'Default'

Greece and Italy are both being considered for DDD.