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Originally Posted by roachboy
it's good i suppose that he said the self-evident to jim cramer--but it really is self-evident, what he said.
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If it's self evident that cnbc is full of shit, then why are people still watching it? I don't think that's self evident at all - and it certainly wasn't before Stewart started pointing it out. Perhaps you are a genuine financial wizard who saw the collapse coming a long time ago, but the majority of the public does not understand such things, and therefore relies at least in part on business journalism to help them understand what they need. The corporations certainly do not have an incentive to tell the truth if it would harm their interests, and so it is the journalists' job to do it. And the "journalists" on cnbc are not by and large doing that job, in part because as has been mentioned they are pretty much a mouthpiece for Wall Street, but also because these journalists by and large do not understand economics. Few people do. Even Greenspan, the nation's top economist for a very long time, clearly didn't understand economics. At all. Because if he had, he wouldn't have encouraged people to do what killed the economy.
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to me, it speaks to a *real* problem with the media apparatus in the states that the most cogent political commentary happens on the comedy network.
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Agreed. It's a shame that journalists now largely lack the balls to go after crooks. It's a shame that it's left to a guy who insists he's not a journalist, to do the job that the journalists should be doing. But I don't think that's a reason to pooh-pooh the Daily Show or what they did in this video. I think it's much more a reason to go after the "real" journalists.