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Gibbs Swings And Misses

The incredibly thin skinned Obama administration once again showed their hypersensitivity to any criticism yesterday when White House Press Secretary Robert Gibbs took umbrage at the fun CNBC's Rick Santelli had with his Chicago Tea Party stunt on the floor of the Chicago Mercantile Exchange.

Santelli's message could be distilled to one basic point: the White house mortgage bailout plan promoted bad behavior. In contrast to the colorful Santelli's brevity, Gibbs wandered around the subject variously noting that...

"I'm not entirely sure where Mr. Santelli lives or in what house he lives," Gibbs said during the daily briefing. "But the American people are struggling every day to meet their mortgage, stay in their jobs, pay their bills to send their kids to school, and to hope that they don't get sick or somebody they care for gets sick that sends them into bankruptcy."

If that stemwinder didn't cover the expansive political landscape Gibbs intended, he layered on the now tired Pelosi bromide that "Democrats won" while inserting a subtle yet outrageous lie:

I think we left a few months ago the adage that if it was good for a derivatives trader, that it was good for main street. I think the verdict is in on that."

Yet to be found is the White House press corp reporter that reminded Gibbs that it was those same derivatives traders who larded Democrat campaign reelection bank accounts with their own cash. Democrats soaked up disproportionately more cash from these Main Street derivatives traders than Republicans. But why let the facts get in the way of Gibbs' righteous indignation at having been shown up by a business reporter from a cable network.

Gibbs' performance yesterday was a classic example of misdirection; shoot the messenger or make him the subject of debate when there is no substantive response to the challenge. If that fails, simply lie. Interestingly, a Tony Snow or Mike McCurry could have pulled this off, but Gibbs is in way over his head.


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Comments (10)

It just continues to show t... (Below threshold)

It just continues to show that in this adminstration; looking good, beats being good. The pressure is building for results from this White House. Remember how the Clinton team went to bunker's after the Monica Lewinski story broke. One well placed round will drive this adminstration into the caves with Bin Laden.

...it was those sa... (Below threshold)
Mac Lorry:
...it was those same derivatives traders who larded Democrat campaign reelection bank accounts with their own cash. Democrats soaked up disproportionately more cash from these Main Street derivatives traders than Republicans.

As far as I'm concerned derivatives traders are getting what's coming to them for helping put democrats in control of the government.

I'm waiting for the governm... (Below threshold)

I'm waiting for the government release of all of Santelli's financial records, tax records, arrest records, driving records, school records....... Soon we'll know more about him then we ever did about Obama.

All done in the interest of fairness, of course.

This is turning out to be a... (Below threshold)

This is turning out to be a copy of the Chavez administration.Buy your friends and shut up your opponents

So I guess it's now the rol... (Below threshold)

So I guess it's now the role of the press secretary to bash individuals and groups?

Gawd how I miss Tony Snow.

And btw, how do you know Santelli was a derivatives trader? Do they even trade these at the CME?

"And btw, how do you know S... (Below threshold)

"And btw, how do you know Santelli was a derivatives trader? Do they even trade these at the CME?"

One could look it up on CNBC.

Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve.

A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products.

Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of markets including gold, lumber, CD's, T-bills, foreign currencies and livestock.

He is a graduate of the University of Illinois Champaign/Urbana with a Bachelor of Science degree. Santelli has been a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade.

anybody remember rush's coo... (Below threshold)

anybody remember rush's cookie sale; this is made for tv drama if santelli would actually organize a tax tea party in chicago.

for one, i would be there.

From Gateway Pundit:<... (Below threshold)

From Gateway Pundit:

"Rick Santelli responded to the attacks on him from the White House press briefing by Robert Gibbs today.

Gibbs wondered if Santelli read Obama's plan (Which is rich, since that's more than anyone in Congress did before voting last week for the Obama Spendulus plan)."

Not even going to try to improve on that; don't see how I can.

Will the stimulus help the ... (Below threshold)

Will the stimulus help the economy? it's not clear. It sure is going to raise the budget deficit. But that may be worth it. I saw an interesting article on the history of recession on


Robert Gibbs should shut-up... (Below threshold)
Bill Stank:

Robert Gibbs should shut-up. When Gibbs said "hit print", he went from being a level headed spokesman to a condescending sissy. He also demonstrated to the nation Obama's desperate perception hole plugging strategy: ridicule and mock dissenters.






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