Thursday, March 5, 2009

Suburban Mom's Political Fix: Jon Stewart Deftly Destroys CNBC, Including Santelli

I, like, the rest of the informed citizenry, have been greatly distressed about the economic news as of late. It's so dire and bleak. It seems as though a huge black hole has opened up and all these solid American companies (or companies we thought were solid and would be around forever, like Ford), are hurtling into it . . . that's when those companies aren't being thrown lifelines worth trillions of dollars in taxpayer money with no guarantee that the money will stave off further disaster. (The New York Times breaks down the sordid amounts here.)

Even the normally optimistic Brian Williams is so down in the dumps these days that at the end of his NBC Nightly News broadcast last night, he put out a call for viewers to send in feel good stories about folks who are doing good things for others so that he could report on something positive for a change.

Yes, it's gotten that bad.

Columns like Maureen Dowd's yesterday, detailing the obscene pork (8,000+ items including funds for "pig odor research," "catfish genetics research" and a tattoo removal program for gang members) in the proposed federal budget -- pork which Senator Obama said he'd eliminate when he was campaigning for president, but now that he's the Commander in Chief, he and his people are saying that the pork in this proposed budget is President Bush's fault, not his -- just make things feel hopeless.

Then I saw Jon Stewart. Thank God for Jon Stewart. I don't normally tune into The Daily Show, despite the constant pleadings of my friend Gayle who's a major Stewart fan. I usually watch local news at 11 p.m. and then go to bed. But I digress . . . Jon Stewart was supposed to have as a guest the now infamous CNBC analyst Rick Santelli, he of the much-ballyhooed rant against the Obama administration's housing bailout proposal and how it would reward bad behavior and help people who bought more house than they could afford, people who Santelli called "losers" who made bad decisions.

But Santelli canceled his Daily Show appearance. And I'm so glad he did.

What Stewart & Co. aired instead was a damningly hysterical and tragic indictment of how business journalists, specifically from CNBC, blew the coverage of this economic crisis, how they cheered on large businesses -- which are now receiving mucho bailout bucks -- and that the CNBC staff are no better than the "losers" who made bad home loan decisions. (Video link here.)

Sure, we may not know what the future holds and just how bad this economy will get, but at least we know we'll have guys like Stewart to make us laugh through our tears.

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