CNBC’s Santelli melts down during tantrum over Obama’s ‘socialistic policies’

by David Edwards,  |  published on May 1, 2013

Tea party supporter and CNBC on-air editor Rick Santelli on Wednesday threw another one of his signature tantrums because President Barack Obama’s administration was pursuing “socialism” instead of what he said were “pro-growth policies” like tax cuts and austerity.

Santelli argued that payroll processor ADP showed that job growth was below economists estimates for April because “spongy jobs fits with spongy policy.”

“As long as we keep going down a road of socialist policies where the government is conducting and orchestrating, forget about it,” he said. “It just isn’t going to work.”

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