While I like the Daily Show and think they were hilarious in bashing Bushco over the last 8 years. He is still apart of the huge media entity that serves very little public service other than entertainment.
Why didn’t he do a montage of bad Federal Reserve calls instead of CNBC from over the years? You know they guys thats job it is to PROTECT from asset bubbles. They could put Greenspans speech up with him encouraging ARMs in 04 and juxtapose it with showing that the Feds job description is to protect from asset bubbles. How Stewart-esque would is be to show the irony of not investigating this quasi-private agency that the government uses to protect from these things and putting them in charge of fixing the problem that they were one of the primary players in creating? The absurdity of that is immense. Or how about a funny bit about how the other engineers of this mess who are back in charge of fixing it on the governmental end? Summers, Ruben, Paulson and Giethner along with their Republican cohorts all lobbied to repeal glass-segal. This was done around the same time as Clinton’s Telecommunications act that put the media in control of 4 or 5 entities down from over 50. Another “deregulation” under the mantra of “free markets”.
CNBC is tool of Wall Street and Cramer is one of their sacrificial lambs. Let’s face it, Cramer already had a bad reputation as opposed to Santelli. So he was the obvious red meat to throw to the mob. Stewart is, whether intentionally or not, obfuscating the truth by distraction. CNBC and Cramer deserve ridicule but it’s only a side show to the real problems.
Stewart is part of the left wing media that is under the umbrella of “corporate media” which houses the lovely right wing media. These CORPORATE media personalities are all beholden to a few people with ties to other influential people in government and other industries. Some call it bad journalism, I call it corporately compartmentalized media with people of varying degrees of honesty and knowledge, strategically structured on a corporate level, with a corporate agenda. The agenda is not to inform or educate.
