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CNBC Advocates Unbridled Capitalism

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ErikJ Donating Member (480 posts) Send PM | Profile | Ignore Tue Mar-08-11 02:39 PM
Original message
CNBC Advocates Unbridled Capitalism
I check in with CNBC every morning and they are now running a 30 second promo ads every commercial break with Donohue interviewing Milton Friedman advocating unbridled greed and capitalism. Milton Friedman is considered the 'Godfather' of Reaganomics.


"CNBC Advocates Unbridled Capitalism"
"CNBC, the top U.S. business news channel, is running propaganda ads in support of unbridled capitalism, including a 1979 clip of right-wing economist Milton Friedman besting talk show host Phil Donahue in a debate over the merits of greed."

http://www.consortiumnews.com/2011/030711.html

If you want to complain to CNBC, see the "contact" link at the bottom of their home page.> http://www.cnbc.com/
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truebrit71 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 02:46 PM
Response to Original message
1. I have to listen to this shit all day long at work...
..makes me want to puke..
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 02:47 PM
Response to Original message
2. Of course they do -it's their only reason to exist
CNBC is a tool of Wall Street. They don't give a shit about poor or middle class Americans. Unbridled greed is good for their elite audience and if everybody else gets screwed in the process well, that's somebody else's problem.

It doesn't do any good to complain. They're proud of what they do.
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ErikJ Donating Member (480 posts) Send PM | Profile | Ignore Tue Mar-08-11 03:06 PM
Response to Reply #2
4. I wonder if its Comcast's idea?
I wrote them that I will be getting my business news from Bloomberg News from now on as CNBC has become too unreliable to get unbiased business news from.
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tularetom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:14 PM
Response to Reply #4
7. Nah, they've been like that as long as I can remember
Long before Comcast entered the picture.

Of course, you gotta know Comcast eats that shit up.
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reformist2 Donating Member (998 posts) Send PM | Profile | Ignore Tue Mar-08-11 02:54 PM
Response to Original message
3. I think they are at the end of their 30 year run.

Billionaire-funded campaigns can delay the total collapse of the GOP for a few more years, but for all intents and purposes, the air went out of their balloon in 2008.
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dawg Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:12 PM
Response to Reply #3
6. I used to think so, too. But no.
The general public is not smart enough to connect the dots. Blame for the meltdown has been deflected.
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TreasonousBastard Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:12 PM
Response to Original message
5. Well, they are a business channel, so what else would you expect them to do?
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dawg Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:15 PM
Response to Reply #5
8. In the long-run, right wing policies are not good for business.
The problem is that most large corporations are not run by entrepreneurs, they are run by smooth-talking salesman CEO's whose only two goals are to maximize their short-term numbers and maximize their personal take. The "investor" class is almost as pathetic as we workers. They are being screwed almost as hard.
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:20 PM
Response to Original message
9. CNBC - WORSE than Faux?
If this station were any worse, you'd see Bill O and Glenn Beck on it. Shameless as all get out for their corporate lapdoggery.

Even second banana Michelle Caruso-Cabrera has a book out called You Know I'm Right: More Prosperity, Less Government. Damn.
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rdking647 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 03:57 PM
Response to Original message
10. i trade for a living
Edited on Tue Mar-08-11 03:57 PM by rdking647
if i have cnbc on its with the volume muted.. I watch them for business news,not right wing political crap. and kudlow is the worse. he might as well be a on his knees blowing the GOP.. although i do like mark haynes.
Bloomberg is better.
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Celebration Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 04:03 PM
Response to Reply #10
11. I like Haynes, too
I think he is pretty pro Republican in sentiment but unlike a lot of them he actually wants what he feels is best for the country.......not the fatcat crap. Joe Kernen is just as bad as Kudlow.
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rdking647 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 04:14 PM
Response to Reply #11
14. kernen is a joke
when i was on the floor we used to call him hairpiece..
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dawg Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 04:06 PM
Response to Reply #10
12. Bubblevision.
I can't imagine someone like Kudlow could be an effective investor. His biases would blind him.

I love investing, and I have a few dollars of my own that I manage. I don't make much money, because I don't have too much to invest, but I knock back two or three points of alpha. And I'm a dyed-in-the-wool liberal.

Why do they think that only right-wingers care about business news?
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rdking647 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-08-11 04:12 PM
Response to Reply #12
13. liberal investors
im an active trader. i basically trade for a living,after spending 20 years on the floor. most of wall street is of the attitude "how much can I get now". the right wing panders to that type of enviroment. there arent to many liberals on wall street
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