Rick Santelli Takes On Obama’s Mortgage Bailout
While Gold Prices Today is dedicated to covering gold market prices, we also want to bring you up to date on important economic news stories that could have an effect on the price of gold. President Obama is proposing a bailout for people having trouble paying their mortgages. This bailout is being estimated at costing $275 billion. This is on top of the most recent $1 Trillion Dollar stimulus bill passed by Congress and signed by President Obama.
Rick Santelli on CNBC had some harsh criticism of the Obama mortgage bailout proposal that I think is important. Rick Santelli implies that the Obama Administration’s economic policies are turning us into Cuba. While this is hyperbole, this video is an amazing video of Rick Santelli.
After Rick Santelli was on CNBC in the above video, the Obama Administration attacked Rick Santelli on his remarks. Here is another video of Rick Santelli on the Lawrence Kudlow show on CNBC defending himself against the Obama Administration’s personal attacks.
Tags: gold prices, invest in gold
eShop: gold prices invest in gold
Leave a Reply
You must be logged in to post a comment.
