Can't stand CNBC. Honestly, that they have any credibility whatsoever after the crash of 2008 is puzzling.

Rick Santelli and Larry Kudlow.

during the Clinton years when the market was booming and everybody's finances were on the upswing. The Clinton aura rubbed off on them in certain quarters, as if their reporting of the economic boom somehow meant that they were players in said boom. They weren't. They were copy readers, nothing more, nothing less.

Now that economic times aren't as rosy, they don't know what to do. Their personal "expertise" has no basis in anything they know. For instance, I've read that if one was to have followed Jim Cramer's investment advice since his Mad Money show has been on the air that your investments would be at net zero. You would have done better putting your money in the bank earning simple interest.

I'm guessing people like Maria don't get invited to the swanky cocktail parties so much these days as she's no longer able to ride the good news express like she did during the Clinton years. Ergo, she's reduced to shilling for the financial powers-that-be, which means she's shilling for the RW orthodoxy.

Ah, the copy readers. Few are the ones who actually come from direct and relevant (and genuine) expertise, as someone like Paul Krugman would if he were hired as a TV commentator. You can certainly become an expert while covering this stuff, if you give a damn enough to spend the time get to know the players and study the various games and read and learn all you can when you're not on camera or in makeup. We had an anchorman here in L.A., Hal Fishman, who was also a licensed pilot. Every time there was a story about a plane crash or airport restrictions or some airline corner-cutting or something, he didn't just read the news. He usually adlibbed around the copy because he knew this territory backwards and upside down and inside out. He'd fly one of the reporters or camera people or segment producers out over whatever was going on locally to get the bird's eye view AND he'd do commentary simultaneously. And he was VERY believable because he knew the turf. If you're hired as a newsreader on an outlet like CNBC, you better know finance. I would hope that anchors and copy readers there and elsewhere, if they started like that, then they took the time and made the commitment to study that world and make an on-going advanced research project out of it. Make it the clothes you put on in the morning, and the paste you spread on your toothbrush. Then they're not just copy readers.

And as they circulate and learn, they also CANNOT AFFORD to get too cozy with the world and the people they cover. When it becomes an ego thing about the ease of getting into the cocktail parties and the access, then it clouds everything. All you have to do to understand that is think back on the lapdog press we had during the bush/cheney years, and how all that cozy cronyism was nothing but major journalistic malpractice. All for access. But I digress.

What we say around our house is usually something along the lines of "...but she photographs well!"

And shorting everything Cramer touts would make one a nice income.


http://blackswaninsights.blogspot.com/2011/05/if-stock-pumper-jim-cramer-is-buying.html

Joe Kernan takes that prize.

Michelle Caruso-Cabrera and Rick Santelli...I think of them as a trifecta

at all. She was on Real Time with Maher and I almost switched the channel...she is so snidely supercilious that she makes Ann Romney look positively humble.

My least favorite personality is Kudlow. He is extremely partisan and snarky. I can't stand to hear his political announcements disguised as information. He is the face of shameless arrogance and greed.

Cannot even watch him.

my husband does watch CNBC, but it is amazing how often we have to go for the 'mute' button. Santelli is one of the worse, right there with snortin' Kudlow.

enough said. She has been hinted at doing on air messaging for a couple of Hedge Funds. This shit is Pumping and Dumping,but,what the hey,Griffith and Anshutz are the sleaze balls 1%ers anyway.

Just like 99% of the people you will ever see on CNBC are.

an informed investor doesn't bother with the CNBC chatter.

CNBC is all over the map with their analysis and predictions. But they do present their wishy-washy with force, I will give them that.

Good to have you with us! It is a good point. Hey, I wouldn't try to play Devil's advocate too hard with Nate Silver, considering his track record from four years ago. One doesn't jump from a blog by some obscure little nebbish to a New York Times resident expert on political polling. I imagine what CNBC is there for, for many, is to check or check against what they're saying before one makes an already-considered move. I am NOT a high-finance expert, though. But I do know as a band manager, I have several "oracles" I consult and confirm or adjust my decisions accordingly. I suppose CNBC would be one if I were a serious investor, even knowing full-well which way they slant politically. I ALWAYS take that little variable into consideration - in any case.

Glad you've joined us! We need you. It'll be over on Tuesday night, but it'll also only be beginning (anew). Let's win this thing.






Now get to work.

I left CNBC about six months ago, and never looked back...I left BECAUSE of their rightwing stupid crap all day long

They are all fools...Too much screaming and yelling all day, extremely rightwing'ish garbage...

FYI...I watch Bloomberg all day everyday: calm, informative, true professionals!

Too bad he has to spend so much energy explaining the difference between DATA and OPINION!!!

Although no evidence points to any benefits whatsoever to the overall economy (only to the wealthier getting richer) these business pundits have not let up on the lower taxes garbage Repubs keep pushing.

It was also interesting that in the last couple of days CNBC folks were saying that dollar going up in value recently (causing oil and gas to fall and other commodities) was bad for the market and that the fed should stop what its been doing that has raised the value of the dollar. They don't give a hoot for the American consumer who benefits from lower gas and oil and commodity prices or the American economy, it's all about helping big corporations, the oil companies and speculators being able to make a killing.

And most nauseating is despite historically record profits and record low taxes for for corps and wealthy under the Obama recovery, unlike the Bush downturn, these CNBC folks are so selfish and unsatisfied and pushing Romney just out of greed.

Miami-Dade County has shut down early voting with 180 people still in line. Cars are being towed. People are chanting "Let us vote!"

I have changed her name to Maria Bartibimbo

I don't like her either.

I think Americans should know how biased the corporate media is... I think they all deserve to know that the corporate media like most corporate interests, look after their own bottom lines... and educating the public with unbiased info is just not possible with the way things are now.

If only powerful and wealthy interest can buy the media's service, what is the point of having a corporate media...? Is it REALLY a "free" press? No... it is not.

That one is.

Proves the axiom, 'ugly on the outside and in!'

What is up with the harrassment of Nate Silver! He put it beautifully -

"Punditry is busy trying to look unbiased by regurgitating talking points from both sides"

It is so true!! CNN epitomizes this. I see more right wing talking points advanced and this is why Nate has come under attack. Hang in there, NATE!!

I'm baffled that cable news survives. I can't possibly imagine anyone taking it seriously (I know they do, I just can't figure out why).

did their jobs and monitored the financial markets and called that crash in 2008 a mile away, like when you could just see it as a speck on the horizon. For that alone we should give them some props...

....nevermind.

Here's an example if you have the stomach for it.

It's no coincidence.

(...and for Nate's response to Maria B.)