Mr. Sensitive

June 1, 2012

CNBC Is Now Fox News With Numbers

Filed under: Uncategorized — lbej @ 11:34

I would more surprised if Roger Ailes doesn’t photobomb Squawk Box than if he does.  Alas, I won’t be watching if it happens.

I always watch CNBC when I’m riding the bike during Brinky’s morning nap.  It’s more aesthetically pleasing than Bloomberg by a mile, and I like my market data to be aesthetically pleasing.  But as the market has rallied steadily over the last two years and the follies of Bush-era corporatism have become more and more unavoidable, the corporatists at CNBC have leaned more and more Republican.  When the market has risen more than 60% under a President whose fiscal policies are anathema to your viewers and contributors, you have to do your best to ‘interpret’ away the reality.  Thus you focus on the lagging employment growth in this recovery while ignoring the reason for it–corporations spent the Clinton-Bush years transferring industrial capacity to China and Southeast Asia, so when industrial demand increases, jobs are added there, not here.  You focus on the relative success of supply-side fiscal policies during the Reagan Administration while ignoring the abject failure of the same policies applied during the Bush II Administration.  Certainly you don’t explain that the transformation of the global economy following the collapse of the Soviet Union and the opening up of Chinese markets has made capital internationally mobile and destroyed the logical basis of the supply-side argument.  No, you push the corporatist agenda with single-minded focus: what we need, you shout, is deregulation and tax cuts for the wealthy–the weight of logic and history be damned.

This morning’s employment report was disappointing, so I was expecting CNBC to put Captain Tea-Bag Rick Santelli on in his usual 11:00 slot to pontificate about how terrible the jobs numbers were and how what we need is deregulation and tax cuts.  I even wondered if the time had arrived when the Romney campaign might nudge its corporatist buddies to work toward rhetorical convergence–let’s all use the same misleading language and maybe people will hear it enough by November that they’ll stop questioning its legitimacy.  No, I thought–too early.  Rick will just unleash one of his standard screeds and we’ll move on.

But Rick wasn’t scheduled for 11:00, because CNBC had a guest commentator.

Mitt Romney.

And that, folks, was the end of the road for CNBC and me.  I’ll miss two things, really: Cramer, and the slideshows on CNBC.com.  I really enjoy those slideshows.

Advertisements

2 Comments »

  1. Oh, you do love those slide shows. And Cramer. But Mitt Romney is a bit much.

    Comment by euregirlsandboys — June 1, 2012 @ 11:38 | Reply

  2. Wow. Well, he is an incredibly intelligent and honorable person.

    Comment by Charlotte — June 2, 2012 @ 08:06 | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: