On Stewart's CNBC Takedown
Jon Stewart’s take on CNBC, is a critical view of a huge news broadcasting company that has consistently been wrong in its alleged expertise. In order to repay Rick Santelli, who had been booked for the show to elaborate on his statements regarding homeowner bailouts, the Daily Show devoted about seven minutes of the show to reveal false optimistic predictions before and during the economic crash. The seven minutes also included, what Jon considered to be lighthearted interviews with top CEO’s that beat around the bush without asking any real questions considering the meltdown taking place.
Ultimately, the seven-minute clip showed a supposedly well-informed financial network projecting future trends and advising very poorly. I am wondering what’s wrong with this? Maybe the fact that if Jon Stewart and the Daily Show didn’t point this out to the American public, I highly doubt any one would have noticed. I’m sure this has dealt a fair blow to CNBC’s credibility as a financial network as it would have done to any other network that was reporting false information time and time again.
More and more people are beginning to watch shows like the Daily Show because it seems to be one of the only ways to obtain news via television that is not partly full of shit. Its roots go deeper than just the way the information is presented and the correctness of that information. In such a time where the economy is in chaos, people want more help from the government but they are highly critical of the way that help is implemented and distributed. When a comedian like Jon Stewart comes on and shows allegedly well respected professionals and reporters who are supposed to be giving sound financial advise to be not just slightly wrong but no where near the correct quadrant, it deals a real blow not only to that network but to the credibility of all news networks.
Jon had obviously invited Rick Santelli to be on the show in regards to his slight on homeowner bailouts while he was sitting in Wall Street complaining about the economic crisis. Santelli’s network, CNBC, cancelled, saying it was “time to move on to the next big story.” People say that CNBC and Rick Santelli should have known that the criticism was coming because of the similar situation that happened with Letterman who used the same tactics when senator John McCain cancelled an appointment on the late show. As with many of his guests I believe John would have made Santelli squirm through some of the humiliating material as he often does with Fox News Channel’s Bill O’ Reilly when he visits the show, but I believe Jon would have been affable as well. In any case, even if Rick Santelli were humiliated, he would have at least had the chance to defend himself and the network. It is often said that it is not the explosion of a bomb that is most terrible, it is the silence that follows, and without Santelli there to rebuttal the silence followed.
This clip really shows that a professional network that a lot of people trust may not be as trusty as they thought. In a society where most of the news is gained from television it really makes one question what can I believe. This is the exact reason that these so-called “fake news” programs are becoming so popular. They bring into light that which is often hidden by the respected and prestigious networks. Perhaps this is the exact reason why everyone feels so comfortable that the tid bits of news that one extracts from the Daily Show are reliable and fact based because it is often news on news that was reported falsely or incorrectly.
Another reason that I believe that the American people are giving more credit to shows like the Daily Show and the Colbert Report is because they can relate more to these comedians better than they can relate to respected officials and reporters of prestigious networks. Since the beginning of my education it has basically reiterated that politicians are untrustworthy, cheating, stealing individuals. It shows the enormity of the radical changes that have taken place in our society in the last thirty to forty years. When it is taught to our children, and often true, that politicians are often not very trustworthy and that everything they say is to be taking with a grain of salt. These untrustworthy people are the leaders of America, often very respected individuals, and we can’t even trust them?
Instead of the leaders of America, we are to turn to former comedians to gain and attain viable worthwhile information. People’s shady opinion of politicians and network reporters has led to the lack of trust in the information presented by them. I believe that the Daily Show is a direct form of democracy that keeps the bigger fish in America in check, and not only do these sort of shows act as watch dogs but also a very good source of entertainment.