Watch Rick Santelli: Obama as 'snake oil salesman'

Santelli's cure for 'snake oil' deception of Obamacare

In his "Santelli Exchange," CNBC's Rick Santelli accuses the White House and President Obama of using "deception" while selling Obamacare to the American public.

Santelli says he is "distrubed" by an NBC News report that despite President Obama's promises no one would be forced to give up a health care plan they like, the administration knew for years that a large percentage of people buying their own plans wouldn't be able to keep them.

To Santelli, that sounds a lot like a "snake oil salesman" trying to unload a fake cure on unsuspecting customers.