Rick Santelli got into a screaming match this morning on CNBC when he said that, under President Obama, the U.S. economy has had a net loss of 61,000 jobs since February 2009:
Santelli, though, does not appear to be right, and instead appears to be referring to where things stood after the September jobs report, revealed last month.
With this last month's report, we now appear to be above water in terms of jobs growth.
The Tea Party correctly identified problems in the mortgage market two years ago, even as the Washington establishment is still struggling to understand.
Earlier this morning, Rick Santelli discussed Matthew Continetti's article "The Two Faces of the Tea Party" from this week's issue of THE WEEKLY STANDARD:
The Tea Party is more than a year old. It began with Rick Santelli's famous rant against the Obama administration's housing policy on February 19, 2009. As Santelli predicted, that policy failed and the administration announced a new approach last week. It probably won't help either. But the Tea Party endures. It gained steam with rallies on Tax Day 2009, the town hall meetings protesting Obamacare last August, and the 9/12 march on Washington. The trajectory of the Tea Party is upward; the trajectory of the Democrats, downward. And the rising Tea Party tide is lifting Republican boats. The movement is the best thing to happen to the GOP in years. It contributes enthusiasm, cash, and principle to a disillusioned and demoralized party.