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Thursday, April 11th, 2013

ObamaCare Costs More, Covers Less
Surprise! ObamaCare is turning out to be the expensive disaster that conservatives predicted. Unless Republicans are committed in their efforts to repeal ObamaCare, it is you, the hard-working taxpayers, who will ultimately bear the burden of these costs, along with declining quality of care. Such is always the result of a socialist utopia. There is a reason why Nancy Pelosi famously said that we needed to pass the bill in order to find out what's in it. That's what she told to swaths of uninformed voters, who were blinded by the idea of cheaper, universal healthcare for all. But for those of us who studied the bill and are stewards of history, we knew how this was going to play out. It was exactly like this. Here are some of the more outrageous highlights of the latest we've come to learn about ObamaCare [continue reading].

Liberal Group Behind Secret McConnell Recording?
A Kentucky Democratic operative claimed Thursday that two leaders with a local liberal group were the ones who secretly recorded a February strategy session with Senate Republican Leader Mitch McConnell and his aides. The allegation comes after McConnell claimed his office was bugged, following the publication in Mother Jones magazine of the recorded meeting -- where aides could be heard bashing then-potential challenger Ashley Judd. The FBI is investigating the alleged recording at McConnell's request. A law enforcement official said the investigation is "moving along," and there are some "people of interest." "We'll see what the FBI does with this," said Sean, "but it looks like the idea of a 'leak' isn't realistic in this case." For more on this story please click here.

Gun Control Debate Moves Forward
Today is a big day in the Senate, as the debate over gun control really kicks into gear. The Senate voted this morning to start debate on the Democrat's gun bill, along with a host of amendments, including the Toomey-Manchin compromise on background checks. Sixteen Republicans ended up voting for the motion to proceed, with two Democrats voting against. The debate is likely to go on for a while, maybe weeks. But in the end, this is nothing but feel-good legislation. I call it that because it will not solve the problem of preventing horrific tragedies like we saw in Newtown, Aurora, Tuscon and elsewhere. It bothers me that this debate is labeled as "gun violence prevention" when the legislation and amendments they will be discussing won't do anything of the sort...[more]

Show Guests

Rick Santelli

Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products. Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at... More >

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