The Financial Filter: How CNBC Handles Howard Dean vs. Susan Boyle

~~By  InsightAnalytical-GRL

Lately, I’ve been testing my mettle by actually tuning into CNBC occasionally. We don’t have FOX Business here, but you get enough of their angle on the regular FOX shows featuring Neil Cavuto and the weekend financial panels.

Yesterday, I caught Howard Dean just around the Noon hour ET (on Power Lunch), slugging it out with that panel they have which features Larry Kudlow among others.  I was wondering what Dean was doing on there following the latest Geithner comments, but perhaps he’s getting warmed up to defend the upcoming healthcare “reform” that will be vomited out of the Congress and Obamaville soon.

Anyway, Kudlow was yelling again about “why can’t the markets be allowed to correct themselves” to which Dean retorted in perfect Obot fashion “Look what the markets did to the American people!” (sic).

Well, I waited for the comeback…I waited to hear one of these panel people, including Kudlow, respond snappily with how Congress, particularly Democratic members, failed to provide oversight over the housing mortgage debacle, which seems to have precipitated much of the mess we’re in.

CRICKETS!

But, as I thought about it, I figured that’s exactly what I was expected to hear. The GE family of companies that “bring good things to life” don’t consider history and full debate healthy for the 5th-grade level critical skills level of the American viewer. Kudlow is probably under orders “not to go there,” so he doesn’t go there. He’s loud and passionate about “the markets” but he pulled up short with Dean.

But that’s the way it is now. The media is in a permanent state of coitus interruptus when in it comes to discussing financial matters…or most political news. Especially since the Obama folks are so cozy with GE…

Sue Herera and Bill Griffeth, still at it after all these years,  are stuck in the middle of all this.  They’ll get a couple of people on and ask some serious questions, but the upcoming segments which follow always involve some provocative pugilism.  After listening to the Dean segment, which included another guest plus Dean and the four CNBC panelists,  I felt whiplashed, not informed. Mission accomplished!

After 3 PM, we get a lot more sober discussion for a brief time as The Closing Bell airs and things settle down.   Gone is the screaming on the panels and the minute-by-minute, breathless spewing that sounds like the coverage of a sporting event while the market gyrates. Maria Bartiromo anchors and does interviews and the discussions are less hysterical. Today, I caught a young guy from the NY Times and a few experienced hands getting down to the real problems with the financial sector…including the one-time things done this quarter courtesy government largesse that won’t be around to play with over the next few quarters when the rubber meets the road.

Yeah, but then it’s over as we get Fast Money then Jim Cramer’s Mad Money to liven the pace for evening prime time with their gameshow approach to finance and to appeal to the young dreamers who want to get rich quick and don’t have a clue. And then Kudlow returns.

In a comment to yesterday’s post, Lee M. had a musing which captures the zeitgeist of CNBC these days, too…I’ve done some word substitutions where appropriate:

…the cretins over at MSNBC CNBC, having crossed the Rubicon, have no where else to go.

They know that those of us who value our Constitution [journalistic integrity] have written them off, so they keep pitching their wares to the far left and the Obots because without them they would have no audience at all.

Like Julius Caesar before them, the die is cast, and they can’t go back. So they will continue their vile jokes [obvious bias and omissions] that would have gotten anyone else censored [fired] before this. They are tolerated because that is the way TPTB want it for now.

So Howard Dean is treated with kid gloves, the facts be damned!

Oh, but the folks at CNBC certainly DO have somewhere to go, if I may quibble a bit with that first line of the above comment. Where? Well, let’s visit the CNBC website where yesterday afternoon I found somebody dragging Susan Boyle along in a “humor” piece that ties the global economy to her performance…with an odd mixture of  admiration (?) and the requisite mockery (of course).  How appropriate…the taunts begin the day after I write about “Smeargate” in the UK and the level of “discourse”  we have here in the U.S.:

Apr.21

1:49 PM ET

As she concluded the song and the crowd jumped to its feet cheering, Susan Boyle blew a kiss. A kiss that, like the butterfly that flapped its wings, set in motion a flutter of dollars, pounds, euros and yen that will get this global economy humming again.

Will YouTube Sensation Susan Boyle Save the Global Economy?

Posted By:Cindy Perman

As the world grapples with headlines about troubled loans at Bank of America [BAC 8.76 +  0.74 (+9.23%)
and pirates wreaking havoc on the high seas, a lone dove has emerged to save the global economy.

SNIP

Boyle rolls her unknown-to-man hips.

Teenage girls roll their eyes. (Yeah, we saw you, eye-rolling girl at 1:24)

SNIP

Susan Boyle has given people a reason to hope.

A reason to look up from their flaming 401(k) statements.

I dreamed a dream in time gone by

A reason to walk over to their computer and log on to YouTube.com.

When hope was high

A reason to buy Kleenex in bulk at Costco. [COST 46.48 + 2.14 (+4.83%) ]

And life worth living

A reason to go to Amazon.com [AMZN 78.75 + 1.18 (+1.52%) ]

I dreamed that love would never die—

SNIP

I dreamed that God would be forgiving

A reason to watch the made-for-TV movie about her on Lifetime and expose themselves to millions of dollars in advertising. [DIS 19.47 + 0.06 (+0.31%) ]

Do you get the feeling that someone RESENTS the fact that Susan Boyle wasn’t manufactured by the entertainment industry and the mass media, but simply appeared and touched people’s souls without a filter? If the “money machine” were cranking up for one of their fake creations, would you get the slights and mockery that we see directed at Susan Boyle in this piece? Or the cheapening of a great performance (and a pretty darned good song, too) ? The vultures find it so distasteful that the the plebes responded spontaneously even though the entertainment biz types will be trying to make money off  her until the well runs dry?  Personally, I hope she makes a bundle on her own terms and then walks away…before we start getting the “whispers” about her single life that will probably be started up to shove her aside for some plastic doll that can be marketed and controlled for public consumption… Like, what? She doesn’t deserve to make any money off her REAL talent??  Mark my words, Simon Cowell will look like a compassionate saint compared to what could come down further along this road…

Yes, just like the filtering of political and financial news, we have to get a filter in place for Susan Boyle so the public can be redirected to enable the opinion/money makers can move onto creating a fab NEW item for which they can take full credit and reward themselves with extra executive compensation bonuses.  Maybe TPTB can recycle the filters they used with Sarah Palin, Hillary Clinton and a “feeble” John McCain as they deal with Susan Boyle.

Heart seems to have a short shelf-life these days…

Left and Right and Silly

~~By Kenosha Marge

I admit freely, openly and honestly that for many years I voted a straight Democrat ticket. I admit freely, openly and honestly that for many years I was a nitwit for doing that. I didn’t research and I didn’t even care all that much about investigating whether the person who got my silly vote so easily was worthy. If it breathed and had a “D” after it’s name, it got my vote. Come on admit it, most of you did the same thing.

Now all those years and silly votes later I am appalled at my lack of integrity. How can someone, anyone treat their precious right to vote so cavalierly? How could I? I hang my head in shame.

Like many of the left I pooh-poohed the sight of voters in Iraq proudly showing their “purple” fingers. They displayed their “purple” fingers proudly and courageously. Because I was so partisan and loathed George Bush I missed something very important. Among all the death and destruction a good thing happened. Just because I hated the war and those that supported it was no reason to dismiss the joy those people felt because they were finally allowed to vote. Did they all vote intelligently? Do we? They dodged gunfire and the real fear of death to vote. Many Americans stay home if it rains. I am ashamed that my partisanship made me dismiss that pride and courage.

I was a person who had always prided myself on being a good citizen because I always voted. Now I see myself as no better than those that didn’t vote. They might have been lazy, but I was stupid. Sadly there are a lot of voters, left and right that do the same thing I always did. Sadly they haven’t seen the light. If it lives and breathes and spouts the correct talking points and has the “right” as in correct consonant after their name, they’ll vote for he/she/it. Isn’t it amazing how easily satisfied we have become about the people that are supposed to represent us?

The newly smarter me now looks at actions instead of words and deeds instead of the doer. And guess what? There are many times when I would not vote for the Democrat. The first time I came to that conclusion I was totally goshwoggled. How could I have been so blind? Kinda like many people feel once the honeymoon is over.

Having decided in my old age to take off the partisan blindfold I discovered a world of things I had not acknowledged as worthy. If all worthiness is in my party then your party is unworthy. Had I ever trimmed all the rhetoric and high-flying phrases down to that simplicity I might have noticed what a nitwit I was far sooner. I must admit that the words “ better late than never” don’t sound so good to me right now. As we used to say back in my day, it sounds like a cop-out.

I also should have noticed far sooner that are media is no longer made up of the same kind of people we had when I first started watching the news with my parents. It is no longer a “Chet and David” media world.

I always suspected that most politicians, even a Democrat or two, lied occasionally. It didn’t occur to me that people in the business of informing the people did the same thing. People who had their own little section of the Constitution wouldn’t be so crass. Would they? Are they? Damn.

The majority of the print media as well as those that infest our airwaves and television screens are people with little or no integrity. They “spin” the news to make it say what their corporate bosses want it to say and then collect giant paychecks for being liars. Prostitutes give more bang for the buck than presstitutes. They have a higher customer satisfaction rate too I suspect.

One of the sleaziest of these overpaid slugs, by the name of Olbermann, has one of the lower ranked and rated programs on cable news. Olbermann is consistently beaten and beaten badly night after bloviating night in the ratings. This would seem to say that his bosses–that would be GE–are willing to pay this cretin enormous amounts of money to lie, spin, twist, and distort the news for public consumption and to hell with ratings. I am happy to report that the cretinous Tweety Matthews has even lower ratings..

I admit to having watched Olbermann for a while. His shtick grew old very quickly. He did bash Bush when few others were willing to do that. He also made a nightly habit of beating up on some dimwitted or demented female personality. What was with that, I wondered. Time came to prove that is was because the man is a rampant misogynist. Probably has a small or inactive weenie too. That he uses Murrow’s tagline is repulsive.

Now that I have finally opened my eyes and looked around I find that there is very little differences in the two major parties. They both pander shamelessly to their base, they both promise the moon and deliver a pizza, and they are both corrupt. Their issues may at times seem polar opposite but in the end they are alike in that all they truly care about is getting rich, getting power, and getting re-elected.

Common sense, which I once thought I had should have made me see the error of my ways long before I did. The Democratic Party had to show such corruption that I could no longer ignore it before I admitted the truth to myself. None of us likes admitting that we are/were wrong.

As a resident of the great state of Wisconsin I should have been more aware. We after all have foisted men like Joe McCarthy on the public. We have also gifted them with the likes of William Proxmire. Seems almost schizophrenic doesn’t it?

We carry through on that tradition to this day. Our two “Democratic” Senators, Feingold and Kohl both have a “D” after their name. One really does represent all those old-fashioned democratic ideals that I have believed in and thought I was voting for all these years. The other? Not so much. I am proud to have voted for Russ Feingold and equally proud to have voted against Herb Kohl. Both these actions are now done with both eyes wide open and without a partisan blindfold in sight. I even find myself agreeing with my Republican Congresscritter Paul Ryan now and again. Imagine that. A short time ago I couldn’t have.

***

Links of interest:

http://en.wikipedia.org/wiki/William_Proxmire

http://en.wikipedia.org/wiki/Joseph_McCarthy

http://en.wikipedia.org/wiki/Golden_Fleece_Award

http://www.cnsnews.com/public/content/article.aspx?RsrcID=44963