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Janeane Garofalo says tea parties were for rednecks

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FOX doesn't seem that marginal yet. Last month, the network's ratings were more than double MSNBC and CNN combined. FOX commentator Bill O'Reilly has now hosted the number one cable news program for 100 months in a row.

Rick's Rant

Actually it was an NBC colleague of Olbermann's who started the whole tea party business. CNBC's Rick Santelli gave birth to the movement after launching into a tirade against the housing bailout back in February.

"We're thinking of having a Chicago Tea Party in July," Santelli yelled from the floor of the Chicago Board of Trade. "All you capitalists that want to show up to Lake Michigan, I'm gonna start organizing."

He didn't have to wait until July. The first tea party was held less than a week after the rant. Subsequent protests have been held throughout the nation ever since, culminating with the mass tea parties on Wednesday.

He seemed pretty pleased with himself on CNBC Wednesday morning.

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