CNBC Rant Wasn't That Funny Says Joe "The Editor"

[otohara]

of Clusterstock, part of The Business Insider

Which looks like the online version of CNBC. What's funny are the comments that follow this silly piece.

In the final days of the Bush administration, many wondered who the Daily Show's was going to make fun of, since obviously he wasn't going to treat Obama the same way. Fortunately for Stewart he has the financial world, or more specifically financial media.

Yesterday we got a good guffaw over his attacks on CNBC, and we posted it cause we knew people would like it. But really, it wasn't that funny.

Eddy Elfenbein at CrossingWallStreet had the right take:

I'm sorry but this clip just doesn't work for me. Jon Stewart is certainly funny, but I'm not a fan of taking soundbites out of context just to make your guests look foolish. Santelli is one of the best guys on CNBC and he's been one of the most consistent people in cutting through the noise. Stewart, on the other hand, is the King of SWPL America. He takes quotes and events out of context, flips them around and presents them in such a way as to flatter his fans' very large sense of self-superiority. In other words, Frank Rich loves him. But honestly, that gag is getting old.

After his rant, he went on Letterman and did the same all over again, joking about how, get this, there are three (!) 24-hour financial channels, but none of them know where the economy his going. Hilarious, ain't it?

http://www.businessinsider.com/

[GinaMaria]

1. dissing Stewart for Santelli?

That's one way to go I guess. If I want a migrain, I'll listen to Santelli. If I want to laugh or be entertained, I'll listen to Stewart.

[gratuitous]

2. So Bear Stearns didn't implode six days after Cramer said it was solvent?

Well, Jim Cramer made his pile learning the fine art of fleecing investors at the knee of Ivan Boesky, so he should probably know. And, by the way Business Insider, it is pretty fucking funny that with three 24-hour financial channels filling up all that air time every day, none of them seems to have the least clue about what's going on in the derivatives market, or how Big Shitpile got to be so big or so shitty, or a host of other financial tidbits, because to do so would be to question the very foundations of the modern financial world that believes our economy works better when it's dependent on esoteric financial gimmicks like junk bonds and CDOs instead of the actual manufacturing and production of goods and services.

[angstlessk]

3. mayhaps this analysis is why wall street is in such a mess???

a comedian taking snipits of conversations and out of context to be funny...how dare he!..and the clueless audience should have listened to Cudlow (or was that Cramer?) or Santelli in order to get rich quick?

[anonymous171]

4. Santelli is a corporate whore. He deserves much more than ridicule. nt

[Marr]

5. I think Stewart's point (and he made it well) was that these TV "financial experts"

don't know jack shit, and usually have an agenda.

In other words, who cares what The Business Insider says?

[BlueIdaho]

6. Clearly, Joe "the editor"

Doesn't know shit from shineola.

[malaise]

7. Eddy Elfenbein can't argue on the facts

Jon Stewart annihilated GECNBC.

[suede1]

8. Sarcasm to point out truth? Terrible! Lying, propaganda and corporate ass kissing. Now that's

honorable.

[slipslidingaway]

9. Video: Jon Stewart Compares Similarity Of Bush/Obama Speeches

http://daledamos.blogspot.com/2009/01/video-jon-stewart-compares-similarity.html

[slipslidingaway]

12. Jon Stewart Compares Robert Gibbs To Bush's Press Secretaries ...

http://www.huffingtonpost.com/2009/02/05/jon-stewart-compares-robe_n_164391.html

"Jon Stewart compared White House Press Sectary Robert Gibbs to his Bush-era predecessors on "The Daily Show" Wednesday.

After intro-ing a clip of Gibbs dodging a question, Stewart said, "Bobby! Bubbelah! We're half a month into this thing, don't tell me you've already gone Fleischer on us!"

...Stewart then presented what he called "eerily parallels" between Gibbs and Bush Press Secretaries Scott McClellan, Dana Perino, and Ari Fleischer, all repeating the various ways to dodge a question.

"Is there a handbook that gets passed down from Press Secretary to Press Secretary?" he wondered."

[NorCalDem]

10. of course it wasn't funny you a$$hole

it was sobering and borderline depressing to watch.
IT WASN'T A JOKE, IT WAS REALITY!!

(note, i'm ranting at the CNBC hack)

[Uncle Joe]

15. What you said and seconded!

But they don't want that message to get out, because otherwise it's easier for the wealthy and powerful via their corporate media propaganda machine to blame the victims with the "How does it feel to support the irresponsible homeowners?" frame question.

Instead of them asking "How could their everybody for them self, government is bad, the market is God, greed is good mentality screw so many honest, hardworking people out of their most valuable asset and lifetime of savings, as to threaten the nation's economy? If they ask this question, then thirty years of their B.S. "ideals" gets flushed down the crapper and by asking it, they de facto acknowledge there is a greater "public good," and this is something they're loathe to do, as this also has environmental implications.

[Cha]

11. Fuck no, brainless wonders..it wasn't funny..

it's your fucking life.

[joeunderdog]

13. Out of context?

You mean when Cramer said that "Get over it. Market fundamentals don't matter anymore. It makes no difference whether a company is overvalued, you'll make money anyways."

Maybe I missed the broader context...:wtf:

[Tangerine LaBamba]

14. I realized today

that I cannot tell apart Santelli, Cramer, or the guy who sells Oxyclean. The Shamwow guy, too.

They all sound the same to me.







http://1.bp.blogspot.com/_vwt55TQq-3k/SXJPpvPG2gI/AAAAAAAAEDY/lhClS-6CRLw/s400/sham+wow.jpg

[ddeclue]

16. Oh bite me...these crooks had what they got coming to them!