Good idea John

Clearly you are underestimating the depth of the problem. We are not talking billions to fix this mess. We are in the middle of a global recession. The Russians and Chinese are suffering near the brink of a depression. The stock indicators are falling despite the so called "stimulis package". See you in the soup and bread lines soon.

God Bless you. This is the first good idea I've heard. Of course the majority which has not become the minority by virtue of legislative edict, has little say in the mess other than to have to deal with the effects of paying the bills.

It amazes me that Pelosi's jet is larger, more expensive, and used far more frequently that any corporate jet I've seen in the legislative hearings. But, "let them eat cake she says"
seems that line worked back a while ago. Seems more appropriate daily.

Nicely put John. Its not the puppet we call our Presidents (Obama, Bush I & II, Clinton or Reagan) whom have put us in this mess or whom are going to put us in this mess. Its the 2 800 pound gorrillas that have put us in this mess. The president can set policies but without a line item veto all bills introduced into law are written by and endorsed by the 535 #%^holes we, and I mean "We as the People" elect to congress. "WE" have nobody to blame but ourselves. It not Bush's Clinton's or Obama's fault that we are in the situation we are now. Take time to read the STIMULUS bill and evaluate for yourself, and be honest if this is something that is going to work. Pork is something I like to eat

This guy is right on the money , I feel the same way.

The mortgage companies already have a lein on the homes and must be paid first when the house is sold. Adding another lein will not help when the loan is greater than the value. When the government forced investors to lend money to those with poor credit, those investors disguised the toxic loans and found others to take the loss. This must end somewhere

screaming at the banks for making the bad loans may be righteous but its wrong. the banks had to make the loans to weak or bad credit borrowers under the mandate of Clinton's Community Reinvestment Act. if they didn't they paid a heavy fine. the banks loudly protested that these loans were just futuire defaults but Congress wanted the 'poor' to have homes and join in the American Dream.

so we have what they foeretold....huge delinquncy numbers. what's worse is that the CRA is still in effect and banks still have to make bad loans. we will thus see even more new defaults that will cripple the banks.

how come you said nothing about the disasterous CRA???

its simple, if you cant afford the house, get out of it,i have done without on alot of things but my house payment was always paid, if you make 30,000. a year, you know you cant afford a 200,000. home its just common sense. let the people lose their homes then let people who can afford them buy them , this is the way it is, you cant pay , you lose it, its not the governments fault you cant make your payments...

Not only that, but the same jackasses cheering him are the same one who demanded we BAIL them out back in September. These morons did everything they could to get as rich as possible and then destroyed the American economy and they think borrowing 700 more billion is excessive? But, bonuses and CEO with 300 million golden parachutes is not.

Wait 'til we cancel those bush tax cuts. Let's see the manicured hand/BMW set bring their maid down to throw their tea in the Chicago River then.

This "bunch of mindless jerks [will] be the first against the wall when the revolution comes." --Hitchhiker's Guide

How about middle class American's? The ones who pay their bills on time, live within their income level, put back money for retirement and the rainy day unexpected things that happen once in a while. Instead of a Tea Party in Chicago we should all converge on Washington in mass numbers and demand our rights making more noise that any march has ever made in the history of this country! But no we are the ones who get up every morning, go to work to continue paying our bills. At the end of the day we go home, watch the evening news, shake our heads at the gloom and doom, the stock market decline almost daily and our net worth almost 50% depleted. We are the people who should be screaming the loudest and the longest with one BIG VOICE saying THAT'S ENOUGH!!!!!!!!

Kevin,

I'm there with you. I live in Nebraska and will clear my schedule to attend the tea party. Rick, keep up the good work.

Bob

A tea party is long over due....Santelli needs to pick a date, and we can all go....dressed as Barney Frank.....oops...never mind...bad mental image...maybe a good ol' fashioned tar and feathering would be fun.

Talk about preaching to the choir!!I have only seen the reporting staff of CNBC increase since last Oct. When you ask a stipid bunch of greedy traders (who caused the problem) if they agree with the plan of course they will say no help for those who bought these houses all the while taking vacations,sending kids to private schools,etc. Perhaps Santelli should be the one to decide where one should live, the price home they can buy, where their kids should go to school. Talk about socialism, what he is suggesting is pure dictatorship with him in charge. At the tea party I hope he jumps in after he tosses in his first bag- this would help the whole country. Let him get laid off like the GM worker and he will sing a different tune. As of now his job is very secure while he destroys the foundations of Ameriac.

Why didn't Santelli call for the "tea Party" when Bush, Paulson, and Bernanke demanded a 700 billion bank bail out with no oversight? It's the double standard that's bothering me.

Wow, you think a $500,000 house will be saleable in a few years. Japan went thru 10 years of declining real estate. The media is trying to condition everyone to believe this is not a depression, sadly when we have 6 million unemployed and headed towards 7-8 million, it is a depression and stimulus after stimulus will not be effective. Try instead to give taxpayers $20,000 bailouts each. It would be used to pay down credit card debt and home eq loans. i.e. cash flows back to the banks and would then serve to re-open credit markets.