You have to love the “experts”:
http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html
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That was too funny!
You have to love the “experts”:
http://www.huffingtonpost.com/...ates-c_n_172057.html
I do like Santelli, but CNBC overall…uhh not so much.
I guess I have lost my sense of humor when it comes to destroying the wealth of this country in favor of handouts.
I love John Stewart.
Loved it.
Does Stewart read the LR?
Stewart is just a tool for the Obama propaganda machine.Capitalism is bad,failure bad.It was even delivered in a pedestrian way so all the sheep could understand it.
I’m sure you prefer destroying the country in favor of the weathly getting handouts, kickbacks, and no bid contracts…
**Does Stewart read the LR? **
No, but I’d venture a guess Stewart has about zero-pip-zero knowledge of the financial markets and how the current foolishness going back since at least late-September of last year, and which continues to this day, came about. Santelli, I’d say, can give a far deeper explication on the issues than the estimable host of that Comedy Central offering.
Besides, it seems to me Santelli’s being proven more prescient with each passing day. Does anybody remember the thread from back in the fall, when we we’re guessing the point at which the market would bottom out and then begin to rebound? I think I said something like 7500, or so. And none of us said that it would sink to anything like where it is now. That can’t be anything but a verdict on the ultimate success of these “stimulus” packages. And besides, I’m mad: I haven’t yet received my “Obama stimulus check,” which I’ve been promised in at least four-hundred spam emails a day is coming. Until that happens, I consider the 800 billion dollars a waste of hard-earned taxpayer money.
T.
Did you watch the clip?
Stewart gave all the “experts” including Santelli and that other blowhard Cramer their shots, and they all bet the bank on the banks last fall. If we’d all listened to Cramer we’d have been buying Lehman Bros and B of A.
Santelli clearly has an agenda and he’s not afraid to let facts and reality get in his way. Stewart skewered him and showed him to be the Wall Street shill and fraud that he really is.
If he’s such an expert and Stewart such a zero-pip-zero novice, why did Santelli blow off the Daily Show when he had a prime time opportunity to put the foolish and ignorant Stewart in his place? hmmm? perhaps he knows his gig is up and didn;t want to be further embarassed on national TV.
You and I both know that’s not what would have occurred on The Daily Show. Honestly, I’m amazed any of them go on when it’s a dead-cert they’re being called on just for the entertainment value and not for the opportunity to say what they need to say in a more restrained and respectful manner.
So, are you disputing the validity of Santelli’s admittedly over-the-top pronouncement that day? I think it’s being proven out more-and-more with each drop in the markets that seems to be going on with depressing daily regularity.
T.
Santelli is a chickenshit mouthpiece for Wall Street. He stood on the floor of the Mercantile Exchange and got a bunch of stock brokers to boo a planned housing bailout that was a tenth the size of the bank bailout. He was called on his hypocrisy, given an opportunity to explain himself, and chickened out.
He has no credibility.
Stewart actually does credible interviews and asks good questions that are mixed with some humor. No, I am not calling him news, but he has more license to ask questions that other outlets wouldn’t ask. He seems to know the time to put the humor aside depending on the question/context that is coming.
Stock picking is a form of fortune-telling. Putting together clips of stock-pickers guessing wrong is like shooting fish in a barrel. You can have the same fun with weather forecasters and sports commentators (or politicians in 2007 predicting failure in Iraq – Obama was smart to admit his error on this).
But if you want to play the game, let’s not deal with TV hosts, let’s look at people who should have known. Why don’t we ask, why wasn’t our democratically controlled congress holding hearings about the impending collapse last summer? But most of all, why was tiny Tim Geithner sitting quiet in his NY Federal reserve office while the foundation for this collapse was being laid? He was the President of the Federal Reserve Bank in NEW YORK. According to NY Fed website, here is what he was supposed to have been doing:
** (NY FED) **is responsible for formulating and executing monetary policy, supervising and regulating depository institutions, providing an elastic currency, assisting the federal government’s financing operations, and serving as the banker for the U.S. government.
In addition, it has important roles in operating the nation’s payments systems, protecting consumers’ rights in their dealings with banks and promoting community development and reinvestment.
Tim Geithner’s job was to see this thing coming and prevent it? How did he fail? And why has it taken him so long to come up with a plan for the banks? And did Obama hire anybody into White House who saw the bank collapse coming?
Ok, those were all retorical questions. As a society, we didn’t see this coming. Have fun with clips of news guys predicting the future incorrectly (you can create a similar piece for any network out there), but don’t think it makes any political or policy points.
Having said that, the Stewart piece was funny. He is the left’s best answer to Rush Limbaugh.
And you lost all credibility when you compared Stewart to Limbaugh.
Stock picking is not like fortune telling because if you’re smart you can do actual research into stocks and see for example that a lehman brothers is MASSIVELY over leveraged in bullshit mortgages.
I’m no expert but I sold every dime I had in WAMU stock last year when it was trading at $41 because I couldn’t for the life of me work out their business model and how they could expect to stay in business by making so many lousy loans. If I’d listened to Santelli, Cramer et al, I’d have lost a lot of money.
They weren’t just picking stocks, they were pumping stocks, helping to inflate the bubble…Cramer even admitted as much. Douchebags the pair of them.
I’m sure stewart would agree with you, and it seems like you didn’t actually view the clip.
Stewart offered no commentary on the financial markets.
all he did was show clips of other experts all being exactly wrong and poked fun at them.
No, but I’d venture a guess Stewart has about zero-pip-zero knowledge of the financial markets and how the current foolishness going back since at least late-September of last year, and which continues to this day, came about.
So you will admit a great policy blunder by Obama: he picked the blind Geithner when he should have picked you to run Treasury.
No, but I’d venture a guess Stewart has about zero-pip-zero knowledge of the financial markets and how the current foolishness going back since at least late-September of last year, and which continues to this day, came about. Santelli, I’d say, can give a far deeper explication on the issues than the estimable host of that Comedy Central offering.
I’m sure this has been stated, but did you watch the clip? The gist of it was A) Santeli’s hypicricy for railing against home owner bailouts while being okie dokie with bailouts that make his stocks go up and B) for the “they should have known better” attitude when every piece of knowledge that a viewer could have gleaned from the “experts” on CNBC was wrong.
Again, its not the being wrong or the opinion in and of itself that was being poked fum at. Its the hypocricy.
Honestly, I’m amazed any of them go on when it’s a dead-cert they’re being called on just for the entertainment value and not for the opportunity to say what they need to say in a more restrained and respectful manner.
Have you ever watched the Daily Show? Can you find one clip where John Stewart doesn’t give his guest a fair shake or the utmost respect? We aren’t talking about the O’Riley factor. The show constantly rips people apart for entertainment value, but they are always cordial to their guests the day they are on. One of my favorites was when Dick Cheney’s wife came on the show.