IF IT’S GOOD FOR DERIVATIVES TRADERS…. Given the attention CNBC’s Rick Santelli’s right-wing tirade has received, it wasn’t too surprising that White House Press Secretary Robert Gibbs came prepared to the briefing room, ready to address his concerns.
Ben Smith posted this clip, and I think it shows Gibbs availing himself rather well by pointing to, you know, reality.
Gibbs dismisses the “adage that if it was good for a derivatives trader it was good for Main Street.” Nicely played.
And pay particular attention to the end, when Gibbs offers to buy Santelli a cup of coffee: “Decaf.”