Dylan Ratigan's Rant for the Ages: Congress is 'Bought'
Tweet
Share
E-mail
MSNBC's Dylan Ratigan had an explosive rant on yesterday's show that is making a splash on the Internet and Wall Street today.
Ratigan laced into Republicans and Democrats alike, calling them "reckless, irresponsible and stupid" for their behaviour in the debt ceiling negotiations, which was followed by the first credit rating downgrade of the U.S.. He claims tens of billions of dollars are being extracted from the U.S. economy.
He also claims that our Congress is "bought" by special interests. Until President Obama can do something about this "bought" Congress our economic situation cannot improve, he said. Ratigan said Obama needs to go directly to the people, telling them he will not work with a "bought" Congress. Only then can real changes needed to move forward be made.
VIDEO
A Transcript of some of the rant:
I would like him to go to the people of the United States of America and say, “People of the United States of America, your Congress is bought, your Congress is incapable of making legislation on healthcare, banking, trade, or taxes because if they do it, they will lose their political funding and they won’t do it. But I’m the President of the United States, and I won’t have a country that is run by a bought Congress. So I’m not going to work with a bought Congress and try to be Mr. Big Guy ... I’m going to abandon the bought Congress like Teddy Roosevelt did, and I’m going to go to the people of the United States get rid of the bought Congress." ... Until a President says that’s the problem and says he’s going to fix it, there is no policy that I can possibly see no matter how brilliant your idea may be or your idea or my idea or her idea or your idea at home, is that idea will not happen as long as there’s a capacity to basically fire a politician who disagrees with me by taking funding away from him. Is that a fair assessment?
Ratigan laced into Republicans and Democrats alike, calling them "reckless, irresponsible and stupid" for their behaviour in the debt ceiling negotiations, which was followed by the first credit rating downgrade of the U.S.. He claims tens of billions of dollars are being extracted from the U.S. economy.
He also claims that our Congress is "bought" by special interests. Until President Obama can do something about this "bought" Congress our economic situation cannot improve, he said. Ratigan said Obama needs to go directly to the people, telling them he will not work with a "bought" Congress. Only then can real changes needed to move forward be made.
VIDEO
A Transcript of some of the rant:
I would like him to go to the people of the United States of America and say, “People of the United States of America, your Congress is bought, your Congress is incapable of making legislation on healthcare, banking, trade, or taxes because if they do it, they will lose their political funding and they won’t do it. But I’m the President of the United States, and I won’t have a country that is run by a bought Congress. So I’m not going to work with a bought Congress and try to be Mr. Big Guy ... I’m going to abandon the bought Congress like Teddy Roosevelt did, and I’m going to go to the people of the United States get rid of the bought Congress." ... Until a President says that’s the problem and says he’s going to fix it, there is no policy that I can possibly see no matter how brilliant your idea may be or your idea or my idea or her idea or your idea at home, is that idea will not happen as long as there’s a capacity to basically fire a politician who disagrees with me by taking funding away from him. Is that a fair assessment?
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs sees upside in this major Starbucks challenger
- This biotech stock remains Top Pick at B.Riley despite recent outperformance
- Applied Energetics hires former acting Army secretary as adviser
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Barack ObamaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
