John Ransom

“We’re thinking about having a Chicago Tea Party in July,” shouted Santelli to cheers on the floor of the Chicago Mercantile Exchange as CNBC host Joe Kernen made comments about mob rule. “All you capitalists that want to show up to Lake Michigan, I’m gonna organize it.”   

Now he’s taking on the deficit and runaway spending and the politicians who promote more reckless spending.

Earlier this year, the showman Santelli smashed melons with a large wooden mallet- ala the comedian Gallagher- to make a point to politicians about how easy it was to undertake deficit reduction.

“Smash some deficits, smash some deficits, smash some deficits,” he cried as the mallet mashed the melon meat until the juice flew.

Let’s just say that with those melons as a benchmark, Santelli is less than enamored of the newest, bestest deal out of congress and the president to reduce the deficit and cut down spending.  

As a result of the deal, Santelli this week held up one pea against a white board.

He then smashed it with a hammer.

“There’s our debt smashing for the end of the year,” said Santelli comparing it to the melons. “It’s basically a pea,” he added comparing the debt to the size of the Empire State Building.

“It’s pretty much about a tax deal. We have done all of this to arrive at an arrangement on taxes [by raising taxes without cutting spending].”  

No word yet if the pea is one missing from the White House.

But this much is certain: If it is, it won’t be missed by Obama.

He's already full of peas; or pea, as it were.


Send your pea- one (1) only- to: 1600 Pennsylvania Avenue NW, Washington, D.C. 20006.

Or to look up mailing addresses for your members of Congress go here:

U.S. Senators (web sites and mailing addresses)

Write Your U.S. Representative

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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