Finally someone speaks out against the stimulus`

CNBC reporter Rick Santelli, from the floor of the CBOE yesterday spoke out against the stimulus.  It was very, very refreshing to see someone finally defend the free-maket economy and blast the latest trend toward collectivism.  He also had some straight-talk about the mortgage bailout and about personal responsibility.  

One interesting point that I have read and he states here is artificially lowering the mortgage rate to 4.5% isn't going to keep many people from defaulting on their loans.  According to Santelli in this piece if you lowered the rate to 0%, 40% of the at-risk loans would STILL default because people simply took out loans far greater than they could ever afford.  That is, unfortunately, the stark reality. 

Here is a link to the video its must-see TV!