Five years ago, CNBC's Rick Santelli went on his famous rant from the floor of the Chicago Mercantile Exchange, decrying the Obama administration's bailouts for homeowners who had stopped paying their mortgages.

"This is America!" Santelli shouted. "How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills?"


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The remarks have been credited by some as spawning the grassroots movement that would later be called the Tea Party. Last night on Hannity, Sean and Ann Coulter engaged in a spirited debate about the state of the Tea Party and the GOP.

Coulter believes the movement is hurting the GOP because "shysters" and "con men" are targeting so-called establishment Republicans, instead of uniting against the Democrats and President Obama. She didn't specifically call out any of them by name.

Hannity doesn't see anything wrong with some Republicans being defeated by a more conservative candidate.

"Some should be defeated," he argued, faulting Republicans for not putting up a fight to the latest debt ceiling increase.

Coulter believes there's only one issue that Republicans and conservatives should be focused on right now.


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"Repeal ObamaCare, repeal ObamaCare, repeal ObamaCare. Keep your eye on the ball. It is going to wreck the country. There is only one way to repeal it. It does not fall on its own. ... You have to elect Republicans. And these people are just trying to get money off of good Americans by saying 'we're going after establishment Republicans,'" said Coulter, cautioning Americans not to trust these candidates.

Hannity faulted the GOP leadership for failing to fight and "throwing their hands up."

Watch the debate above, and tell us what you think!