On CNBC yesterday, Rick Santelli wildly rallied a floor of traders against the Obama housing bill. Santelli’s comments didn’t help the markets, but they certainly did contribute to an increasingly negative reaction to the Obama administration’s efforts to solve the financial crisis.
Today, White House Press Secretary Robert Gibbs went on the attack. He went after Santelli for a good four minutes, attacking everything from Santelli’s wealth to his ignorance around the specifics of the housing plan.
While Santelli’s rant was great theatrics, Gibbs came off downright snippy. And in that respect, his efforts to shore up confidence in the housing plan were unsuccessful.
