Liesman: "Why would you normalize rates?"
Santelli: "Are we really that far down the hole that normalizing rates after this tremendous number - the huge drop in the unemployment rate - that you guys still wanna have the hammer-and-sickle on the flag"
Liesman: "The Fed is doing the only thing it knows"
Santelli: "The economy is better despite them."
Anchor: "Where would we be today without the Fed?"
Santelli: "We'd be significantly better now! What wouldn't have been significantly better is the one-year after the crisis - that would have been worse - but we would have been 'on the mend' Sam Zell-style, we would have hit a 'real' bottom."
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