Rick Santelli, CNBC On-Air Editor and "Godfather of the Tea Party," reacts to Obama's jobs speech, talking about POTUS's latest plans to spend more money we don't have. It's not that the Obama Administration is putting the cart before the horse -- it's that the cart is miles before the horse.

Also, hear Santelli's thoughts on social security and whether or not he feels it's a Ponzi scheme.