Jon Stewart of the Daily Show had a lot of fun eviscerating CNBC last night. In a great little segment he points out that CNBC and it's commentators have just been shills for Wall Street, who hyped a failing system to the detriment of its viewer/investors.
As he so often does Stewart uncovered what mainstream news doesn't generally cover or investigate. He points out that CNBC really is just a cheerleader for the American oligarchy, cheerily misleading the average American into an economic ambush.
Jon Stewart points out that CNBC consistently boosted the Wall Street without exposing what any reporter close to the situation must have known. Through a combination of fantastical stock market theories, suck-up interviews with CEOs of failing companies, affirmations of robust financial health for riverboat gambling financial empires that were about to collapse and become multi-billion dollar welfare recipients of our money -- and more boosterism -- CNBC, with rare exception, has become an advertorial for the looting, unregulated, "default swap," hedge fund, con artist, gambling ways that have destroyed the fundamentals of the heart of our financial system.
Watch the segment here:
Though I recommend you watch the entire March 4th Daily Show because Jon Stewart provides one of the most concise primers of the Wall Street mess I've seen.
Showing posts with label The Daily Show. Show all posts
Showing posts with label The Daily Show. Show all posts
Thursday, March 05, 2009
Thursday, October 30, 2008
The Daily Show: Rallies of Fear
The Daily Show is the best mirror for America to look at itself. In this clip the Daily Show's John Oliver went to a Barack Obama and a Sarah Palin rally and found that Americans are more unified than we're led to believe: We're all scared sh%#less.
People should look at the participants of McCain/Palin rallies, and ask, "is this really what we want for America?"
People should look at the participants of McCain/Palin rallies, and ask, "is this really what we want for America?"
Labels:
barack obama,
Election 08,
John McCain,
John Oliver,
Sarah Palin,
The Daily Show
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