Here I go again, Bashing CNBC

[Beavker]

I have to open with, "Worst Journalistic coverage ever". If you can even call it Journalism. It seems it's an all day long infomercial paid for by Wall Street CEO's, Investment Advisor's and Shareholder Services of the Dow and S&P's largest companies. I watched a CNN special on the Stimulus and Reinvestment package plan, and the panel of folks from Money magazine, Fortune, and other people that are knowledgeable about business (CNBC does not have a monopoly on the ONLY people in this country that know anything about the economy). The tone is soooo much different. It's like the GOP and CNBC just sit around and figure what they need to push this week to get their agenda out. Trick is, that they are preaching to the choir since their small audience is not very eclectic during the day time hours. They seem oblivious that the rest of the country hates Wall Street, that they cannot start making their own terms, and that the Government will get as "Big" as it needs to be to help keep people employed until Wall Street's blow up can rectify itself. Yet they keep parading up chimp after chimp "shaming" Obama for criticizing Wall Street. IT'S HIS JOB! HE REPRESENTS THE COMMON U.S. CITIZEN. CNBC and Wall Street just doesn't know what a "common" person would look like. They are in their own little microcosmic world. Maybe they should watch a Bill Moyer's Journal once in a while?

[WCGreen]

1. First of all, they have Larry Kudlow and Charlie Gaspriano (sp)

setting the tone over there. When ever those two are on air, I shut it down.

I'm an accountant and like to keep tabs so I can at least sound like I know something when I talk to clients.

But Bloomberg has a much better non biased look at financal market issues.

[biscotti]

2. Agree with you on Bloomberg

[Beavker]

5. Ditto

I wish to god our company had the "expanded" cable that included BBTV, unfortunately, CNBC is on the lower range 2-70 or whatever channels we get with our Cox basic cable here. So we're stuck with this Turd of a channell. I love the Octoboxes with 8 people all yelling over each other, 5 of which are basically employed by CNBC.

[Beavker]

3. Yes. The Ring Leaders if you will.

It's almost like they own stock in these companies or their own company that could stand to prosper from their stance on the issues...

Lower corporate Tax rates and the Companies will hire more people. So...just like give these big banks TARP money and they'll loan it out, and not use it for bonuses? How's that working?

Cut the Capital Gains tax or remove it compeletely for now. Sure, that will help me and my millions of dollars worth of stock options...oh wait, I don't have millions of dollars worth of stock options, that is the CEO's and Wealthy accredited investors, not your average joe. Then John Thane could stimulate the economy with his Tax free earnings by buying a Gold plated Toilet Seat.

[TahitiNut]

4. CNBC is to the markets as ESPN is to professional sports.

Cheerleaders. :shrug:

[HughBeaumont]

6. As we speak . . . here's yet ANOTHER "tax relief" Repuke: Kit Bond.

This morning they had their favorite Bewsh pom-pom gal and perpetual spokesperson Kay Bailey Hutchison. Man, it's a good thing we have to watch this damned thing on mute.

"(insert Republican goon here), your party and it's 'give everything to the rich' economic policies have failed the American people for 28 years running. Let's hear YOUR esteemed opinion on how our new Democratic president should steer the economy in the right direction."

:eyes:

[Beavker]

7. I'd love it to be Muted!

You are so lucky it's muted. Our Customer Service area watches it as well, but it is muted. I'd love it. No need to listen to every damn word these guys say. If there is a breaking news story (first of all, CNBC would not break it, my Thompson One scrolling news source on my computer would have it first), we could turn on the sound. Otherwise it's just noise, even if you are one of the many Repukes in my area.

[AngryOldDem]

8. Of course it's a mouthpiece for Big Business.

I mean, c'mon. When they have serious debates about the ethics of bank CEOs getting bonuses (which was today's question), and try to posit that "How do we know whether any of the TARP money was being spent to buy Citicorp's executive jet?" (a question asked by wide-eyed Erin Burnett last week) -- its agenda is pretty clear.

I watch it because of the up-to-the-second stock ticker. Otherwise, it's just background noise. And I mean noise.

ON EDIT: Heard just now: "These aren't bonuses; these are the second part of their compensation." "It's deferred compensation, that's what it is." Justification and rationalization abounds.

But you know, if you put a pretty bow around a turd, it's still a turd.

:rofl: