John Stewart Does More "Turd Mining" Of CNBC - The Worm Has Turned
Okay turd mining is Stewart's term not mine. But, it works. I have to say that picking on CNBC, Erin Burnett or Jim Cramer is like shooting fish in a barrel. It's not particularly challenging or gratifying. So, I don't care to spend too much time talking about the "carnival barkers" as Frank Rich labeled them. What I do find gratifying is when Stewart and others in the media hammer CNBC for sending Erin Burnett and Jim Cramer onto various television shows in an attempt to save their reputation, better known as rewriting history. To make excuses for pumping just about every bubble that has imploded and taken many people's life savings with it. Even going so far as to rewrite history by stating no one saw this coming. Well, that is a complete mistruth.
But, then being driven by profits in lieu of truth, CNBC serves its master. There were plenty of voices of concern. Maybe a very small minority but still plenty. Get this CNBC. Bloggers have invested the time to fill the vacuum left in the search for truth. A vacuum left when your ratings and profits became a more important investment than the safety of the investments of hard working Americans. Were you on the search for truth as the press should be, instead of this sycophantic kowtowing to profits over intellectual purity, you too would have been writing about this crisis before it developed. In fact, your reporting may have actually thwarted this environment by "outing" the scams and schemes before they became Ponzi mountains. CNBC doesn't hire award-winning journalists. It hires barkers that can captivate an audience for the greatest entertainment on day time television.
Click here for the lastest comedy in the mud slinging session. Cramer's public belittling of Stewart is pouring gasoline on the fire and giving Stewart more comedic content to bury CNBC. In other words, Cramer is tightening the noose around his own neck. Some people think they can talk their way out of anything.
The backlash to CNBC and Cramer are building as many in the press see their savings evaporate, their companies collapsing and their compatriots, friends & family getting dumped on the street. The sharks are circling and they will have an enormous impact on the collective psyche of society. And our long time prediction that Mad Money will go the way of the dodo bird as this cycle ends will likely become a reality.
It was just a short time ago Cramer seemingly ruled the world and gained near cult status. I doubt there is any turning back. The worm has turned.
But, then being driven by profits in lieu of truth, CNBC serves its master. There were plenty of voices of concern. Maybe a very small minority but still plenty. Get this CNBC. Bloggers have invested the time to fill the vacuum left in the search for truth. A vacuum left when your ratings and profits became a more important investment than the safety of the investments of hard working Americans. Were you on the search for truth as the press should be, instead of this sycophantic kowtowing to profits over intellectual purity, you too would have been writing about this crisis before it developed. In fact, your reporting may have actually thwarted this environment by "outing" the scams and schemes before they became Ponzi mountains. CNBC doesn't hire award-winning journalists. It hires barkers that can captivate an audience for the greatest entertainment on day time television.
Click here for the lastest comedy in the mud slinging session. Cramer's public belittling of Stewart is pouring gasoline on the fire and giving Stewart more comedic content to bury CNBC. In other words, Cramer is tightening the noose around his own neck. Some people think they can talk their way out of anything.
The backlash to CNBC and Cramer are building as many in the press see their savings evaporate, their companies collapsing and their compatriots, friends & family getting dumped on the street. The sharks are circling and they will have an enormous impact on the collective psyche of society. And our long time prediction that Mad Money will go the way of the dodo bird as this cycle ends will likely become a reality.
It was just a short time ago Cramer seemingly ruled the world and gained near cult status. I doubt there is any turning back. The worm has turned.
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