Wednesday, April 14, 2010

CNBC---tea party business network

CNBC is difficult to watch in general except when they have major market player guests to comment. Otherwise the regular commentators struggle to say something relevant during the day, often forced, graciously commenting here, into saying things that are irrelevant or just wrong to fill up time. As in at 3:55pm, on the treadmill, hearing an exchange, "Maria, it looks like we have hit a resistance point at 11,000" --- "Yes, a resistance point, you're right." --- as in any fool would see enough liquidity in the market that late in the day to make any comment. All of this babble just proved that they know the words "resistance point" and nothing more. Just really dumbbells talking.

That aside, and guilty of watching while eating my lunch sandwich most days, CNBC has made a decided turn in the last year. Perhaps it all started with Rick Santelli whining excitedly about homeowner bailouts and mentioning a tea party. Since then CNBC's market analysis must have suggested that this slant gains viewers. Now CNBC is an anti-tax, anti-government, anti-big bank, anti-big financial concern, pseudo populist, and xenophobic network. It is more subtle in many ways than the outrageous radio commentators but it is just as obvious. Interviewers interrupt those commenting to put in asides about taxation, big bank largesse, or government intervention, and when Justice Stevens announced his retirement the doofus with the hair that stands up at midday said, "somebody give me odds that it will be a white male nominated", everybody on set laughed, this is news?

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