(Video)
The Daily Show on Wednesday was supposed to feature guest Rick Santelli, a reporter on CNBC. Santelli is infamous for his rant against Obama’s mortgage plan, calling homeowners who are struggling to pay their loans “losers.”
Santelli backed out, or err, “bailed out,” as Stewart put it, from the interview. Instead, Stewart launched into a nearly nine-minute take down of the business news channel. Here are some of the ...
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Jon cites numerous sources, shows indisputable video facts, and backs it up with an on camera interview with an expert who has been wading through this stuff for decades. The facts and there results are presented in a manner that anyone can understand.
Its a shame that its left to Comedy Central to present the truth to the American public. It just demonstrates how in control the uber rich are when our MSM presents half truths and full on lies as real news.
Now we see why the young consider this program to be the only news program worth watching. Nothing beats the irony of watching today's reality vs past pronouncements of sham-artist cable "experts". It's so satisfying watching them get their's.
I thought only bankers and financial experts were dumb asses. Looks like everyone associated with banking and finance--including sham-artist "experts"--are dumb asses.
Jon Stewart hits it out of the ballpark. This is clearly biased reporting on a clearly biased report on CNBC that has gained huge national attention without a whole lot of rebuttal. Stewart provides that rebuttal utilizing clips from CNBC reports over the last year or so that shows just how reliable their business pundit's predictions have been. Fair? No. Good journalism? Yes.
Stewart wields the weapon of humor to show that these rich spoiled ranting "experts" have been dead wrong idiots in their past analyses and prognostications. Why should they be listened to now? A tour de force of piercing them with an irony sword.
The channel of greed, featuring greedmeisters; the core constituency of the Republican party. The link shows an older confession of the con man.
Bear with me on this one, NewsTrust viewers. This is quality satire on abysmal business journalism by CNBC. The segment is a bit overlong; but stay with it, because after a few minutes you will witness story follow-up--so rare in present-day journalism, it is satirized.
WARNING: View with discretion, especially if showing in a high school or college classroom, as the segment also includes foul language. Of course, the language is tamer than what passes for text on most teen cell phones; but educators have been grieved against for less.
He [Rick Santelli] became famous for a Howard Beale moment on the floor of the Chicago Mercantile Exchange. More »
Jon Stewart, is there a better way to get the real news? I love NPR but sometimes I want to hear someone get excited about the outrages they are reporting!
Kudo's for Jon for telling this ass-of-a-man what he thinks of him.I'v seen the rant, and unlike millions of other people, he must have job security, is in good heath, him and his family, ( if only thats one getting sicking cancer, or any other major disease)must be on top of the would.I wish him good luck and good health I'm sure no bad luck could ever befall this man or his family.
we have relied on "journalists' for news for years. We get the truth from comedians now, who surprisingly give better insight than the over paid cable pundits. gives
we have relied on "journalists' for news for years. We get the truth from comedians now, who surprisingly give better insight than the over paid cable pundits. We are in serious trouble America.
Jon Stewarts analysis is incredibly juvenile and completely misses the mark. These companies are not being bailed out to benefit the management or stockholders. The stockholders are generally losing everything. Depicting "homeowners" as victims is not reflective of reality.
The entire bailout is bad and can only be justified by urgent national interest, not to help people who were speculating in housing or using their house as piggy banks and certainly not to subsidize wall street types. Stewart contributes nothing except attacking one of the better informed media outlets.
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