Erin Burnett's Ratings Have Dropped 30%

[JI7]

<Erin Burnett has lost 30% of her viewers since her debut a week ago Monday.

That said, her average demo rating for the first five shows following her premiere is 127,000, which is still less than spectacular and more importantly leaves her trailing a fair distance behind MSNBC.

But here's the (much, much) bigger problem. Burnett has failed to define her show.

Or I should say, Burnett has failed to define her show beyond her disastrous visit to the Wall St. Occupiers early last week, which infuriated just about everyone, and garnered her one of the more brutal television reviews in recent memory.

And because viewers had no sense of her show (or her, for that matter) prior to that, that segment has now come to define her and her show to CNN viewers who may not have been familiar with Burnett's work on CNBC prior to this. Even though she is covering plenty of other stuff.

Moreover, as the Occupy movement continues to grow and dominate the news cycle it's hard to imagine Burnett could have gotten off to a worse start, or missed a bigger opportunity to be the early, go-to source for news about the protesters.>

http://www.businessinsider.com/erin-burnett-ratings-cnn-30-2011-10

[Whisp]

1. get the hook!

get her off stage, CNN has more than enough assholes and Erin is her own planet of asshole.

[MADem]

2. Who the hell is she? She's famous?

So long as the weather is good, I can't be bothered with TV! There will be dark and cold days soon enough, and the "electric fireplace" will be there to amuse.

[gratuitous]

3. Ridiculing 99% of your audience isn't a ratings winner?

Who knew? Poor Erin; nobody told her the hoi polloi had the cable teevee.

[Guy Whitey Corngood]

4. Couldn't happen to a more condescending annoying twit. nt

[neverforget]

5. She is a mouth piece for Wall Street

[girl gone mad]

6. I read she was claiming the bailouts turned a profit.

What an imbecile.

[BREMPRO]

9. she was right about that. it was her condescding trivializing of the OWS movement that was moronic.

http://www.npr.org/2011/03/31/135002312/the-last-word-in-business

[girl gone mad]

12. Nope, she's completely wrong about that.

See http://www.econmatters.com/2011/08/wall-street-bailout-too-big-to-collect.html">Wall Street Bailout: Too Big to Collect

[BREMPRO]

16. just talking about tarp.. bank bailouts not QE whatever and fed actions

http://thinkprogress.org/yglesias/2010/10/21/198861/bank-bailout-profit/

this is a progressive site reporting this.. 25 billion profit on tarp bank bailout.

she's still a twit.

[girl gone mad]

17. TARP was not profitable.

Banks were able to get out of their TARP obligations because Geithner allowed them to get out of paying taxes they owed. Citibank, for intance, got out of paying $38 billion in taxes.

When someone pays back a loan with money they owed you for something else, you don't make a "profit".

[BREMPRO]

19. that's an extreme and misleading simplification of the Citibank situation

as i understand it, the tax rule was changed so they could declare 38 billion of future PROFITs exempt from taxation, not 38 billion that they owed on taxes being forgiven.. big difference. Regardless, the manipulation is certainly controversial but the govt 34% stock ownership stake in citibank means the shares we, the people owed, would be worth less without that forbearance, and therefore would increase the chance of bank default and substantial taxpayer losses. so not so simple.

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534_2.html?sid=ST2009121505381

[girl gone mad]

22. Extreme and misleading?

Absolutely not.

The bottom line is that after these tax forgiveness schemes were pushed through, in addition to the various backdoor bailouts, taxpayers lost money on the TARP deals. In no way was TARP profitable.

Citigroup Gets Huge New $38 Billion Bailout, Wiping Out All of Taxpayer's "Profits"

The Treasury may have made some silly paper "profit" on its bailout of Citigroup (C) but the taxpayer may not get much of anything.

The Washington Post reports that as part of the bank's TARP payback agreement, it's quietly been given a $38 billion tax break by the IRS. Seriously.

The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the government. As a result, Citigroup will be allowed to retain billions of dollars worth of tax breaks that otherwise would decline in value when the government sells its stake to private investors.

While the Obama administration has said taxpayers are likely to profit from the sale of the Citigroup shares, accounting experts said the lost tax revenue could easily outstrip those profits.

http://finance.yahoo.com/tech-ticker/citigroup-gets-huge-new-38-billion-bailout-wiping-out-all-of-taxpayer%27s-%22profits%22-391719.html?tickers=c,xlf,dia,spy,wfc

U.S. gave up billions in tax money in deal for Citigroup's bailout repayment

The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis.


The IRS, an arm of the Treasury Department, has changed a number of rules during the financial crisis to reduce the tax burden on financial firms. The rule changed Friday also was altered last fall by the Bush administration to encourage mergers, letting Wells Fargo cut billions of dollars from its tax bill by buying the ailing Wachovia.

"The government is consciously forfeiting future tax revenues. It's another form of assistance, maybe not as obvious as direct assistance but certainly another form," said Robert Willens, an expert on tax accounting who runs a firm of the same name. "I've been doing taxes for almost 40 years, and I've never seen anything like this, where the IRS and Treasury acted unilaterally on so many fronts."

http://www.washingtonpost.com/wp-dyn/content/article/2009/12/15/AR2009121504534.html

ETA: You are not understanding this deal properly. The $38 billion basically represented an asset on Citi's books that they would have had to write down in full if they hadn't been gifted this bailout.

We would all love to live in a magical world where insolvent banks which are totally dependent on government support magically become solvent and profitable in the midst of global economic recession and debt deleveraging, but that world does not exist.

[hatrack]

7. "Seriously?"

:rofl: :rofl: :rofl: :rofl:

[Amonester]

8. Good news!

My only next comment will be: good riddance. (Coming up sooner than later.)

[bluestateguy]

10. Because she's a spoiled prep school brat?

Just throwing that out.

[pa28]

11. I was never a fan from her CNBC days but her CNN debut was awful.

I guess she was trying to define herself as a pro-capital, pro-business "money honey" but it backfired disastrously. That was one of the most biased, condescending and downright snotty TV pieces I've ever seen.

That's really saying something too.

[Turbineguy]

18. She was on CNBC to

provide balance against Mark Haines.

[pa28]

20. Mark Haines was just plain creepy.

You might gather I'm not an Erin Burnett lover but do you remember the episode where she called him out on live TV for staring at her b$$bs? That was gold.

[hlthe2b]

13. Gotta link?

[Safetykitten]

14. She is kind of like a financial dabbler mixed in with a bit of Gwyneth Paltrow.

[democratXX]

15. Not surprised

What does she have to offer? Is she interesting and do I care about her perspective? These are questions that one can only answer in the following way: nothing and absolutely not; CNN is going to find out the hard way that they made a big mistake. I'd rather watch Nancy Grace dance with Chaz than watch Erin Burnett.

[Safetykitten]

21. I think they are going to have her do some cooking segments. That will boost things.

[taught_me_patience]

23. It's probably because she a complete corporate tool. n/t

[provis99]

24. schwang, schwang, schwang. Hey Burnett:

[chill_wind]

25. "Brutal Response"

Erin Burnett's New Show Getting Brutal Response After Her Mockery Of Occupy Wall Street

http://www.businessinsider.com/erin-burnett-reaction-occupy-wall-street-2011-10

"Vapid" was one of the adjectives (from a hedge funder, no less)