When is CNBC going to do its "We Were Wrong and We're Sorry" prime-time special?

[Zenlitened]

They have been wrong wrong WRONG about virtually EVERYTHING for the entire year-and-a-half of financial collapse.

They not only didn't see any of it coming, they led the charge in proclaiming -- daily -- that everything is great! great! GREAT!

Just yesterday, they spent the day chortling about what a great time it is to buy! buy! BUY! stocks because "the bottom is in." (That, after counseling viewers to sell at a loss on Friday.)

And today... I tune in just now and they've got half a dozen talking heads crammed into one screen and whining about how Obama is going to "ruin the economy" by "sticking it to the rich" with taxes.

Unreal.

I watch CNBC because they're a good lagging -- if not outright reverse -- indicator of Financial Reality. So I guess the only conclusion to take away for now: The markets still have further to decline. And the Obama years are gonna be GREAT for the economy.

[Hubert Flottz]

1. They are bashing Obama like crazy today...

I turned them off!

[truedelphi]

2. Their after midnight hours show is actually very good

It features world wide economy trend spotters that are outside this country and therefore beyond the infuence of the hold that the Banking Industry has over Media truth. (I think it is called Financial Overview or World Financial or something like that)

But the whole media is influenced by the Powers that be. You also have to wonder why few students are given even a glimmer of economic understanding in high school or college.

And with "Supply Side" economics or a rather twisted version of it dominating economic discussion, the old days of intelligent economic discussion are gone.

When do you ever hear an "economics" expert discuss the need for jobs in this country?? Or the downside to "gloabalization"? Or any discussion about tariffs or how when a country is overwhelmed by cheap imports, there may be trouble ahead.

[The2ndWheel]

3. I saw a commercial this morning

on CNBC, for the Fox business channel, ripping Cramer for being wrong on CNBC, and to come watch the Fox business channel instead of CNBC.

[Zenlitened]

4. Ugh. I shudder to think what sort of jingoistic crap FOX is spewing...

... under the guise of financial news coverage.

"Buy stocks NOW or yer a Muslin (sic) terra-ist!!!"

:puke:

Funny that their ad is running on CNBC, though. Ah, the glory of ad market fragmentation! LOL!