The Daily Caller

The Daily Caller

Dylan Ratigan’s clueless rant

David Cohen
Former Deputy Assistant Sec. of the Interior

MSNBC host Dylan Ratigan is mad as hell and he doesn’t care who knows it. Actually, he does care and he hopes that everyone knows it; Ratigan’s on-air meltdown this week on America’s financial mess has gone viral, and he has heartily embraced the enthusiastic response he has received for “telling it like it is.” Ratigan’s “mad as hell” moment, which he now modestly refers to as “America’s mad as hell moment,” has earned the business reporter newfound fame.

Unfortunately, Ratigan’s rant was misguided and incoherent. I guess that’s why they called it a “rant.”

Ratigan erupted while presiding over a panel discussion on “political panic” after the U.S. credit rating downgrade. Democratic consultant Karen Finney was discussing President Obama’s supposed $4 trillion debt reduction package when Ratigan jumped in: “What are you talking about, $4 trillion? We owe $70 trillion! We don’t need to walk out a $4 trillion solution which is basically just a way for the Democrats to avoid dealing with this until 2017. I’m not talking about plans to deal with this ’til 2017. I’m saying we’ve got a real problem and I’m tired of Republicans and Democrats — Republicans who want to burn the place to the ground, and Democrats, with all due respect, who want to offer a plan that gets it through the second term of their presidency, and then screws me and my kids when it’s over.”

It’s tempting to give Ratigan credit for blaming Democrats as well as Republicans. But Ratigan’s is a false bipartisanship that relies upon the pat assertion that Republicans want to “burn the place to the ground.” The large majority of Republicans — and indeed the large majority of Tea Party Republicans — voted last week for a bipartisan compromise that aims to reduce the growth of our debt by less than $2.5 trillion over 10 years. Out of one side of his mouth, Ratigan implied that Republicans were dangerously radical on the debt; out of the other side of his mouth, he complained that the compromise debt deal they supported wasn’t nearly radical enough.

As Ratigan continued railing, I have to admit that at one point I got totally lost. Perhaps I became distracted when I started to notice how Ratigan, as he screamed and gesticulated, bore a striking physical resemblance to Mel Gibson. Ratigan at one point yelled: “The United States of America is being extracted!” I wasn’t sure what he meant, and could only wonder: “Oh, yeah, from whose mouth?”

Ratigan really got rolling after panelist Finney asked him what he would like President Obama to do about all of this. The following is the heart of Ratigan’s rant, but reading it doesn’t do it justice; you should view the video to experience it as it played on television, without interruption for commercials, punctuation or breathing:

“I would like him to go to the people of the United States of America and say: People of the United States of America, your Congress is bought. Your Congress is incapable of making legislation on health care, banking, trade or taxes because if they do it they will lose their political funding and they won’t do it. But I’m the president of the United States and I won’t have a country that is run by a bought Congress, so I’m not going to work with a bought Congress and try to be ‘Mr. Big Guy I’m Working with a Bought Congress.’ I’m going to abandon the bought Congress like Teddy Roosevelt did and I’m going to go to the people of the United States and I’m going to say, ‘You’ve got a bought Congress and until we get rid of the bought Congress — which is [liberal lobbyist] Jimmy Williams’ constant point, which is get the money out of politics — and until the president says that’s the problem and says he’s going to fix it, there is no policy that I can possibly see no matter how brilliant your idea may be or your idea or my idea or her idea or your idea at home is, that idea will not happen as long as there’s a capacity to basically fire a politician who disagrees with me by taking funding away from him. Is that a fair assessment?”

  • Toby Zimmerman

    cohen should have his head examined

  • http://www.facebook.com/dj4money Anthony Thomas

    I guess he doesn’t watch Dylan enough. It wasn’t an incoherent rant, this post is. Obamacare if that’s what you want to call it is largely delayed until 2014. Which does me NO GOOD AT ALL. I don’t qualify for Medicaid in California. That means I currently am one of millions of Americans without health care coverage. On top of that, it does just what it does in Mass. which is NOT CONTROL COST and will be re-visited by a future Congress at some point. Which means its a sh*tty deal period.
     
     Dodd-Frank was a joke as high frequency trading and credit default swaps of low grade securities still continues. It still allows usury rates of credit cards and other consumer products.

     So while the Congress is capable of doing SOMETHING, its does a crappy job doing it.   

  • Hamostyles

    I just saw the video and I must say that I honestly don’t know who this guy is or what he is trying to say. In this world of soundbites and instant editorials, this guy had an entire (well almost entire) clip to himself, and he managed to confuse me beyond my already confused state (and that my friends is saying a lot). Getting loud and seemingly emotional is no way for a TV host with a Panel of “so-called experts” to be. I wanted to hear their perspectives and instead they were shocked into Silence by this man’s ranting. Just the way he treated his guests on the panel in that clip alone has made me think twice about even giving this guy any of my time at all. This clip of his show sucked big time and he has only himself to blame. He should have the confidence to allow his Guests to make his points for him. He turned his panel segment into a Full-on Ranting Editorial Segment and that is unforgivable in my book. What’s even worse, I walked away from that clip feeling like I knew next to nothing of what he was ranting about. As they say in the vernacular of Today -FAIL!!  

  • Anonymous

    Ironic that this whole thing is entirely a government controlled problem and he never mentioned the role of government in the situation. Reality is that we could not have had an irrational housing boom without the feds, proliferation of dirty loans without Fannie and Freddie. We could not have had bankers committing the unnatural act (for bankers) of loaning money to people who could not pay it back without the laundering of the loans by Fannie and Freddie and the intimidation of the banks into compliance by Barney Frank, Chris Dodds and others. In the absence of government intervention and on a gold standard you still have a business cycle but both booms and busts are shallow and short. 

  • Citizen Jerry

    Why should you expect anything but a clueless rant from a clueless talking head?

  • http://www.facebook.com/profile.php?id=100001887057806 Ian B. Michaels

    David, you’re all hung up about the politics and posturing of the issue.  But on the issue itself, where is Ratigan wrong? 

    The middle class is being destroyed.  It’s what David M. Walker, Ross Perot, Ron Paul, Elizabeth Warren, William K. Black and others have been warning for years.  But politics has marginalized these people or “discredited” them. 

    A person who has studied finances or has done investing will recognize what Ratigan is saying is correct.  The surprise is that it is coming from someone who has a voice in the media.  That is why people are so excited.

    You should help out.

  • http://pulse.yahoo.com/_OJ3NJSXLSJCUY64Q4CTOZLCMUI John

    Can’t trust him! MSNBC will spank him and he will be back to his norma self

  • http://pulse.yahoo.com/_OJ3NJSXLSJCUY64Q4CTOZLCMUI John

    I think Al Sharpton articulated this mush better then Ratigan

  • Labrown4blues

    The writer of this article is who is clueless. A corporate lap dog