JLarkin

Cramer Grilled on Jon Stewart

Jon Stewart hit the nail on the head. Anyone who watches CNBC, e.g. Squawk Box, knows that the network is very pro-Wall St., very bullish, and has no interest whatsoever in getting at the underlying facts. When Nouriel Roubini, the NYU economist, started predicting the collapse of the housing bubble and the credit crunch over two years ago, the CNBC crew would roll their eyes, and counterpoint with six other guests who predicted everything was rosy.

Squawk Box truly is just a Wall St. infomercial. In spite of a great guest list, even their guests admit that they don't want to say anything "negative". The point of a news network, the "fourth estate", is to use freedom of the press to challenge the spin and lies coming out of government or... Wall St. But CNBC has a different take; they pump up the market and suck up to corporations (sponsors?).

At least they give air time to Roubini, Schiff, and others who have been pointing out the house of cards for months and months. That is to their credit. But journalism? Please, they never do any digging or investigation of the lies told on their shows. It's sickening how badly they've sold out to self promotion and corporate interests.

The other week, CNBC anchors were talking about how unemployment may be due to Obama's policies. Please... unemployment has been rising and earnings falling for fourteen months, and these bimbos are suggesting that it's due to Obama?

Pump up the market, Republicans, etc. No journalism, no facts, just trash talk.