The Daily Show Rips Into CNBC
Published March 5th, 2009 in Internet Tags: Allen Stanford, cnbc, comedy, daily show, Decession, financial fraud, jim cramer, jon stewart, ponzi, satire.If you missed yesterday’s The Daily Show with Jon Stewart, then do yourself a favor and watch it online. Not only does Jon rip CNBC and Jim Cramer a new one, he devotes a good part of the whole show to the “Decession”.
My American readers can watch the episode here:
Fellow Canadians can watch the episode here.
There is the usual Daily Show edit cuts but the most damning satire is reserved for CNBC’s Carl Quintanilla interviewing Sir Allen Stanford. But more than satirizing CNBC, Stewart asks some incredibly cogent questions like, why are we, in effect, buying the same toxic assets twice?
I stopped watching CNBC, even for entertainment purposes, years ago. When the history of our time is written, I hope they and the general mainstream media get the treatment they so richly deserve.
Does anyone really watch CNBC anymore? seriously? If you do, please tell me what I might be missing. I’m sincerely curious if they have any saving graces at this point.
Allen Stanford, cnbc, comedy, daily show, Decession, financial fraud, jim cramer, jon stewart, ponzi, satire
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3 Responses to “The Daily Show Rips Into CNBC”
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CNBC has some entertainment value. What else you going to watch? You’d be an idiot to take it for something it isn’t - a guide for what to do. It’s noise, economic cartoons, but if the markets move you, it feeds the addiction, sort of. Fortunately, you can ignore it for days or weeks at a time and feel that you’ve missed absolutely nothing consequential. There’s a kind of value in that.
CNBC has Erin Burnett. ‘Nuff said.
I have watched it quite a bit over the last few years, and I have to say I have never understood the criticism of it. I have a had a decidedly bearish outlook over that time, and through CNBC and in particular Kudlow’s show I was exposed to Peter Schiff, Jim Rogers, Bill Fleckenstein, and many others.
Now, you have to watch the channel with a lot of skepticism, and try to understand why the various people are saying what they say. I would never take seriously any particular investment advice. And I have to say that I can only take Jim Cramer for about 10 seconds at a time. Having said taht, I think that watching CNBC over the last few years with the appropriate mindset did much, much more to prepare me for what has happened than did reading the Washington Post, the New York Times, or watching CNN or MSNBC; all of which I have done to some extent through the same time period.