Jon Stewart Skewers CNBC

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Posted in * Culture-Watch, * Economics, Politics, Economy, Media, Movies & Television, Personal Finance, Stock Market

6 comments on “Jon Stewart Skewers CNBC

  1. Daniel says:

    You might want to change the embedding of this video. It appears it is causing your page not to load while it waits for Comedy Central to download the whole video.

  2. Timothy Fountain says:

    OMG he leaves them in a bleeding lump on the floor! And they had it coming.

  3. John316 says:

    The funniest thing I’ve seen in a while.

  4. flaanglican says:

    Nice to see an NBC network finally get skewered. On a side note, interesting that they show the Dow drop only through Election Day.

  5. Daniel says:

    Oops! Forget comment #1. It turned out to be a Firefox thing.

  6. mari says:

    Ok.. I have a different perspective. I wouldn’t be holding Jon Stewart up as having taken a principled stand on the subject. Let’s deal with some facts.

    First, Rick Santelli, his report, which kicked all this off, he wasn’t in a boardroom with the fatcats of Wall St. I picked up the phone this morning after watching the video clip above, and confirmed what I had assumed when I first saw Santelli’s report. It was recorded from the floor of the Chicago Mercantile Group, the men he asked to voice their opinions were floor traders, not bigwigs, but middle class workers, they aren’t rich, they aren’t the ones selecting and promoting investments, they certainly didn’t benefit from the bailout. Onto Santelli himself, he’s not a big Wall St. insider either. His history is that prior to being a reporter, he worked for the Chicago stock exchange, he’s never been an investing tycoon, and in fact hasn’t heavily traded in the market since becoming an investment reporter. That info was from his rebuttal to the big hoo-haa that has come about from those on the left attacking him for his report.

    I agree that NBC’s financial and in all honesty, all reporting isn’t something to sing praises about, but neither is Bloomberg, Reuter’s, the Wall St. Journal, or, more appropriately, CBS’s financial reporting. CBS, the parent company that owns, Stewart’s Comedy Central. I find it amusing, and rather hypocritical that Stewart didn’t care to mention his own employer’s shoddy financial reporting and water carrying for those who helped bring on our economic crisis. CBS’s Financial Reporting division won awards last November, yet, it was guilty of the same things NBC were. But Stewart isn’t skewering NBC, nor is he really skewering the Wall St. tycoons, so much as he is lower level people, primarily Rick Santelli, who dared to criticize a lousy mortgage bailout plan that the democrat leadership refused to submit to congressional scrutiny and oversight hearings.

    It’s known by now that this poorly written, and frankly corrupt mortgage bailout is not going to help those who honestly were duped, nor will it helped those who truly deserve such help. It will essentially, like the Wall St. bailout, provide cover to those who actually lied about income to get corrupt loans, written by people who were in on the fix, no matter what the kleptocrats in the congress and administration say. If it passes, we will learn when it’s too late that we were defrauded, to pay off mostly the foreign owned banks who pushed mortgages to people in the US illegally, not to help struggling citizens save their homes.

    Jon Stewart got one thing right, when he rambled on about cheap populism, because that is what he was doing, presenting a false front, claiming advocacy for a populist theme, but in reality providing cover for an attempt to silence any criticism of bad policy.

    When apportioning blame, Stewart does not mention even once, that Obama has taken hundreds of millions of dollars from Wall St. during the campaign, and for his inauguration, and Obama has been demanding the horrible Wall St. bailout even before he was sworn in to the presidency.. because he was advocating for those who were paying him, not the citizens of the US. Obama selected cabinet members from, drum roll, please, Wall St. or are we forgetting Tim Geithner and others like him.. all important factors that would be included in any discussion, even one on a comedy show like Stewarts, as it would provide smarting digs at what is a corrupt presidency.. but obviously Jon Stewart won’t do that, and has revealed himself to be no better than those at FOX news he has ridiculed since getting the Daily Show.

    I’m a former democrat, am now an independent. I don’t own investments, nor am I a viewer of CNBC or a fan of Rick Santelli. I am a loyal American, who loves our country and our constitution, which btw, had it’s 220th anniversary yesterday, March 4th. Rick Santelli is being hounded, to silence any criticism of the Obama administration, and it will get worse, and spread out to any and all criticism of the administration and it’s corrupt policies. He’s being made an example of to discourage others from speaking out on anything. I’m not advocating giving Santelli or anyone who didn’t dig hard enough in reporting a free pass, but I will say that I doubt that Santelli and others were privy to what was really going on. I am saying that we can’t allow a comfy environment for any kind of attacks on reporters, shaming them for expressing an opinion, because once it’s an accepted practice, it will increase and we will see terrible censorship, only we can allow that to happen.