Jon Stewart Exposes the CNBC’s Incompetence

Oh how true!

But one has to admit Jon Stewart is much more than just a comedian.

I love watching the Daily Show, and of course have to follow with The Colbert Report. I do watch regular news but enjoy Stewart's realistic and hilarious take on what's happening in the news.

It would be funnier if my retirement account hadn't been cut in half over the last few years. But hey, it's only an EXTRA 10 years of work just to CATCH UP to where I was 10 years ago, assuming of course the economy doesn't stay in the tank forever.

Dan, I agree with you! Jon Stewart is way more than just a comedian. That's why millions watch his shows, often relying on the Daily Show for their news.

Sometimes, Mr. Stewart (and his writing team) hit the nail squarely on its head.
This was one of them.

The only place to consistently get the truth is The Daily Show and that is so sad.

I'm with David on this one. Wall Street had the job of creating wealth. We let them have most of what they wanted in the Bush years, tax cuts, pats on the head, total lack of SEC investigation. Did they do their job and create wealth? Nope. My relatively tiny investment nest egg is now half the size of what it was.

Feel free and criticize Obama, Wall Street, just as soon as you demonstrate competence at your own job. Until that time, please shut up.

LOL-- I don't know about the Daily Show being the ONLY place to get the truth, but it is a great show & that video was definitely funny (but also sad/pathetic!).

Powerful stuff. Thanks for posting.

Funny clip.

I love this guy. We watch him all the time.

The problem with the whole thing is Santelli was right about mortgage mess. I should not have to pay the mortgage for someone who did not act responsibly.

And, ModernDay, you don't have to pay the mortgage for someone who did not act responsibly. The only reason the taxpayers have to pay anything regarding the mortgage mess is because of the irresponsible industry. Once the regulations were removed, they created home equity loans and mortgage products intended to gouge the suckers. This country stands for something better than that. So, now, the country has to pony up and make things right. It is not about mortgage holders. It is about an industry that failed to operate ethically.

I don't watch Jon Stewart, but sometimes catch a clip when it's newsworthy. This sounds like it was one of those times.

What gets to me is those who should have known their company's real value was declining did nothing to stop the bleeding. Who can tell me an advisor that was warning against the freefall in housing and the credit markets that was taken seriously?

Joe T., Mar 7, 2009, 7:08pm EST
It is about an industry that failed to operate ethically.


For once Joe is Right ) Hi Joe

John Stewart is funny, but he is not always right.

Heres the thing- I watch CNBC everyday. My IRA account was up 30% in 2007, flat for 2008, and so far down less than 1% for 2009. CNBC frequently pointed out that the economy and the markets were heading for trouble, you just had to listen.

Just a few examples: they talked endlessly when the yield curve became inverted, and how that has ALWAYS been a leading indicator of an economic downturn. I didn't see the Daily show airing any clips of that.
They talked about how the stock market and the credit markers had diverged, and the credit markets have never been wrong before (and time has shown that they were right again).
They had Nouriel Roubini on, predicting a severe drop in real estate, oil, and the stock markets long before he started appearing on the mainstream media outlets.

Any station that broadcasts hours and hours of live content is going to have stupid stuff to highlight. With enough interns to wade thru past broadcasts, you can make just about anyone look bad.

Thanks for posting your content to the group Whatever!