Alas, my lot (voluntary I might add) is that I have CNBC on in the background in my office all day. Though I’ve been taught to ignore 99% of what is said there, I can’t help but catch much of its ill-advised chatter throughout the day. It is not only often wrong analysis, it is right-wing ranting at its worst. This morning, for example, as Larry Kudlow was accusing the administration of “waging war on capital,” one of the station’s bimbo’s, Trish Regan, chimed in and accused the administration of authoritarianism and compared it to that of Chile’s Pinochet!
Though I’ve said before that its reporting is not much more than cheerleading for Wall St. executives, John Stewart said it with much humor last night. The entire show, including an interview with the New York Times’ business columnist Joe Nocera, who also commentates on NPR’s Weekend Edition, is right on point. (Thanks to my little brother for bringing it to my attention.)