For those of you following the Rick Santelli rant you’ll find the Obama administration response below. Why they even bothered is beyond me.

I was out with some non-financial types this evening and mentioned the whole episode. My comment was met with blank stares. They had never heard of Rick Santelli. Long story short, we pulled the YouTube clip up on an IPhone and they were all acting like the traders in the pit did yesterday.

A lot of the press is up in arms about what they perceive as an attack on the media. Personally, I think the Obama group just showed us amateur hour. Never, ever legitimize an adversary, particularly one that isn’t mainstream. All they did with their counter-attack was give this guy street cred. Dumb.