VIDEO: Rick Santelli Responds To Negative GDP Report: "We Are Now Europe"Submitted by emalvini on Wed, 01/30/2013 - 11:15
By Noel Sheppard | January 30, 2013 | 09:59
CNBC's Rick Santelli made a startling observation about the news that the economy actually shrunk in the fourth quarter last year.
"We are now Europe."
"Hey Joe," Santelli said, "when you act like Europe, you get growth rates like Europe, and our discussions with economists sounds like we're in Europe. They have the same discussions constantly."
"They’re always doing the right thing," he continued. "They’re always thinking they know better. And this is the kind of growth. We have become Europe. We are now Europe."
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