CNBC axes Shepard Smith’s nightly newscast after two years. Yet another case of “go woke-go broke.”
His show has averaged 222,000 viewers this year, down slightly from 2021, the Nielsen company said. For the last three months of 2020, “The News with Shepard Smith” had 280,000 viewers.
By contrast, Fox News’ Jesse Watters had 3.4 million viewers in the same time slot on Tuesday and MSNBC’s Joy Reid had 1.3 million, Nielsen said.
There was a time when CNBC could be counted on for actual, factual reporting, but now they’ve obviously become cheerleaders for the Obama-General Electric team. And it drives Rick Santelli absolutely nuts.
There was a time when CNBC could be counted on for actual, factual reporting, but now they’ve obviously become cheerleaders for the Obama-General Electric team. And it drives Rick Santelli absolutely nuts.
Congressman Paul Ryan is one of the few politicians willing to tell the American people that they’re neck deep in a stinking pile of Democrat policy. Here’s what he had to say on CNBC’s Squawk Box the other day:
Congressman Paul Ryan is one of the few politicians willing to tell the American people that they’re neck deep in a stinking pile of Democrat policy.
Here’s what he had to say on CNBC’s Squawk Box the other day:
“Are we going to reclaim the American idea — an entrepreneurial economy where you make the most of your life, you tap your potential, we reinvigorate the principles of liberty, freedom, free enterprise — and defend the morality of that — or are we going to abandon that and switch over toward a European-style, cradle-to-grave welfare state where we drain people of their incentive and will to make the most of their lives and make them more dependent on the government?”
“[Progressives] believe that we ought to have the government so much more involved in our lives, as the more determining factor in our lives, rather than ourselves. So we have to ask ourselves a question: Do we want an entrepreneurial society that gets prosperity turned back on in the 21st century, where individual merit, entrepreneurial activity defines the American economy, or are we going to have more and more people dependent on the government for their livelihoods? And that is going to drain them of their ability and their will to make the most of their lives. That’s sort of the fork in the road we are at, and it’s really being precipitated by the current direction of our government and the debt crisis because of entitlement explosion that’s coming in the future. Those things are coming together. We’ve got to make a decision in 2010 and in 2012 what kind of country we want to be in the 21st century economy.”
Let the chant begin: “Ryan! Ryan! Ryan! Ryan! Ryan!”
CNBCs Rick Santelli, who is often called the Father of the Tea Party, is at it again. This time he loudly and emphatically and repeatedly says the two little words so many of us want Washington, DC to hear.
CNBCs Rick Santelli, who is often called the Father of the Tea Party, is at it again. This time he loudly and emphatically and repeatedly says the two little words so many of us want Washington, DC to hear.
“Stop spending! Stop spending! Stop spending!”
Rick Santelli is a joy to watch. This time he went off on Rep. Paul Kanjorski’s (D-PA), who claimed Democrats’ just couldn’t include reform of Fannie Mae and Freddie Mac in their financial regulation bill because it was “too complicated.”
Rick Santelli is a joy to watch. Every once in a while, the CNBC on-air editor just can’t take the crap anymore. Tuesday was one of those days.
This time he went off on Rep. Paul Kanjorski’s (D-PA), who claimed Democrats’ just couldn’t include reform of Fannie Mae and Freddie Mac in their financial regulation bill because it was “too complicated.”
“It’s too complicated?” Santelli roared. “You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?”
The Financial Times reports the dire reality of the situation:
Fannie Mae said on Monday it would need an additional $8.4bn in aid, as the US government-controlled mortgage finance company continued to suffer heavy losses on its bad loans…Fannie Mae’s appeal for help comes on the heels of a similar plea last week by smaller rival Freddie Mac, which asked for an additional $10.6bn cash infusion. The latest requests for aid bring the total amount of taxpayer dollars drawn down by these companies to $148bn since the 2008 government-led bail-out. “Anthony Sanders, a senior scholar at the Mercatus Center at George Mason University, called Fannie and Freddie ‘our own Greek tragedy.’ Mr. Sanders estimated that total taxpayer liability was about $8,000bn for the combined companies, including public debt and loan guarantees.”
You know what else is really complicated? Doing your taxes. But the government probably won’t accept that as an excuse for not doing them.
Source: Financial Times
One year ago tomorrow, Rick Santelli went crazy on CNBC. It turned into an instant classic and inspired an entire movement. Way to go, Rick.
One year ago tomorrow, Rick Santelli went crazy on CNBC. It turned into an instant classic and inspired an entire movement.
Way to go, Rick.
CNBC/MSNBC’s Erin Burnett gives a more realistic picture of that fabulous 9.7% unemployment number. And she’s hot, too, but that doesn’t effect our completely unbiased journalistic integrity. Much.
CNBC/MSNBC’s Erin Burnett gives a more realistic picture of that fabulous 9.7% unemployment number.
And she’s hot, too, but that doesn’t effect our completely unbiased journalistic integrity. Much.
Yes, the enemy camp. Home of hate speech like “Duty, Honor, Country” and evil stuff like that. And you wonder why the military doesn’t love the President?
Yes, the enemy camp. Home of hate speech like “Duty, Honor, Country” and evil stuff like that. And you wonder why the military doesn’t love the President?
Go figure.
– Written by Patrick Michael
CNBC looks at ten stupid projects funded by the Obama administration’s $787 billion stimulus bill. We can’t decide if this is hilarious or depressing. Possibly both.
CNBC looks at ten stupid projects funded by the Obama administration’s $787 billion stimulus bill.
We can’t decide if this is hilarious or depressing. Possibly both.
H/T: The Big Feed
Irrascable, almost unwatchable curmudgeon Don Imus has helped the Fox Business Network rack up its first ratings triumph over arch rival CNBC.
Irrascable, almost unwatchable curmudgeon Don Imus has helped the Fox Business Network rack up its first ratings triumph over arch rival CNBC.
Imus’ radio show, a simulcast of his radio show, averaged 148,000 viewers a day for the week of October 5. That allowed FBN to eke out its first narrow victory over CNBC since FBN fired up its transmitter two years ago.
The New York Daily News reports:
Imus retained about 75% of his audience for the period, and helped propel Fox Business to its highest overall ratings for a week.
Imus’ total viewership on Fox was several times the average of his last simulcast, on the RFD network, and a little less than half the number he averaged when he was on MSNBC.
Fox Business News or Joe Kernan and crew at CNBC? Joe Kernan and crew at CNBC or Fox Business News. We just can’t decide.
We admit it. We’re torn between two lovers, feelin’ like a fool. Lovin’ both of you is breakin’ all the rules.
Sorry, we momentarily channeled Maureen McGovern and her 1976 hit.
Source: New York Daily News
Sparks flew when CNBC’s Mark Haines tried to keep Barney Frank from misrepresenting what he had said. Poor ol’ Barney gets all hot and bothered, says, “This interview is over,” and walks off right in the middle of the interview.
The best part? Haines’ reaction: “Fine. Goodbye, sir.”
Don’t let the door hit you in the ass on the way out.
Source: Breitbart.tv
Thank God for politicians like Joe Biden and Howard Dean. Sometimes, the truth just slips out of their mouths, and when we are lucky, their words are recorded for the liberal media to ignore and conservative alternate media to shout out. Today, former Vermont governor and former DNC Charmain, Dean obliged.
We had CNBC on in the background as we were writing our IHTM stories this morning and heard Howard Dean telling talk show host Jason Lewis to “stop using his talk radio voice.” Our ears perked up and then we heard one of the most honest lines ever to come out of the mouth of a liberal lawmaker yet. Here’s what he said (minute 5:00):
“I think we’ve had quite enough capitalism in the last eight years.”
Remember when the media jumped all over McCain and Palin during the election for suggesting the left and Obama were socialistic? Well…
Charles Rangel, D-NY, March 19, 2009 on CNBC Squawkbox
We sincerely hope you get to the bottom of what you did or didn’t do, Charlie. The American people are lucky to have a dedicated dependable deplorable public servant like you in Washington, DC.
Representative Charlie Rangel (D-NY) didn’t know what he was getting into when he stepped in front of the CNBC cameras early this morning. Hosts Mark Haines and Erin Burnett invited the congressman on the show to discuss why he backs legislation to disallow the AIG bonuses.
First, Mark and Aaron jumped on Rangel about changing the compensation plan for a company in the middle of the game. But after Rangel was given a chance to defend his actions by claiming that AIG employees “violated the public trust” and “destroyed the economy,” the fireworks began as the conversation took a turn as Mark Haines went after him with a vengeance about his own alleged tax problems.
Haines turned the conversation with this: “With all due respect, congressman, when you talk about violating the public trust, you’ve had some tax issues of your own.” And that’s when the real fun and games started.
We love it. Some in the mainstream media are starting to grow a pair.
We love writers who are able to make connections that other people miss. Like Richard Cohen did in the Washington Post this week.
What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he’s wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn’t cover up the story of financial shenanigans. They didn’t even know it existed.
We’ll leave it to you to read the heart of the opinion piece, but here’s how Cohen concludes:
But the role that Cramer and other financial journalists played was incidental. There was not much they could do, anyway. They do not have subpoena power. They cannot barge into AIG and demand to see the books, and even if they could, they would not have known what they were looking at. The financial instruments that Wall Street firms were both peddling and buying are the functional equivalent of particle physics. To this day, no one knows their true worth.
It does not take cable TV to make a bubble. CNBC played no role in the Tulip Bubble that peaked, as I recall, in 1637, or in the Great Depression of 1929-41. It is the zeitgeist that does this — the psychological version of inertia: the belief that what’s happening will continue to happen.
Stewart, too, rides the zeitgeist. The hunt is on for culprits and scapegoats, and Stewart has served up a cliche: the media. As with the war in Iraq, for which credulous media should take some responsibility, the sins are blown out of proportion. It would be one thing if Wall Street titans by the score were selling their company stock and the media were failing to report it, but when someone puts his money where his mouth is, you have to pay attention. The big shots believed.
Stewart plays a valuable role. He mocks authority, which is good, and he mocks those, such as the media, who take the word of authority as if, well, it’s authoritative. But given the outsize reception to his cheap shot at business media, he ought to turn his wit inward: Mocker, mock thyself.
A recent survey showed that Stewart’s comedy show is the primary source of news for a huge percentage of young adults.
Fair enough, because we consider the news to be our primary source of comedy.
Source: Washington Post
We really like CNBC economist Larry Kudlow because he calls ‘em as he sees ‘em and, not so coincidentally, as we see ‘em.
“Let me be very clear on the economics of President Obama’s State of the Union speech and his budget,” he said in a recent article. “He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.”
“That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.”
Read the rest of Kudlow’s hard-hitting opinion piece.
While you’re reading it, please pretend we wrote it, because it’s really good and we wish we had.
If you think the rant by CNBC’s Rick Santelli hasn’t tapped into a reservoir of resentment across this nation, get this:
Since it went online last Thursday, the clip has been viewed more than 1,800,000 times on CNBC.com. It’s also been viewed more than 700,000 times on YouTube.com. (These numbers are growing so rapidly that they’ll be out of date by the time you read this.)
Rantin’ Rick Santelli, one media guy we don’t hate.
Source: MediaBistro
The Obama administration has been hiring journalists left and right. But Rick Santelli probably shouldn’t bother sending over his resume.
At a White House press conference today, Obama press secretary Robert Gibbs was asked for the president’s reaction to Santelli’s outburst on the floor of the Chicago commodities exchange yesterday. Two things stood out about his answer.
First he said everyone at the White House got a good laugh out of it.
Then he concluded his longer remarks by saying, “I’m sure Mr. Santelli doesn’t know what he’s talking about.”
Every time Obama announces more of his “stimulus” program, the stock market plunges anew, announcing rather clearly that Wall Street thinks it’s Mr. Obama who doesn’t know what he’s talking about.
UPDATE (4:15PM PST): Continue reading “Obama press secretary misses mood of country, disses Rick Santelli”
Chris Matthews gets tingles up leg listening to Barack Obama. This morning, we at IHateTheMedia.com got tingles up our legs too, but not for the reasons Mathews gets as a result of his mancrush. Ours came when we watched CNBC’s Rick Santelli begin what is being called a “Traders’ Revolt” on the floor of the Chicago Mercantile Exchange with fellow traders cheering him on.
We absolutely love it, so we’ll justify playing it here for you to point out the kind of “mad as hell” reporting that we’d like to see more of.
Taking financial advice from the New York Times is like taking health tips from Dr. Kevorkian. That’s why you have to take the financially shaky newspaper’s assessment of the “stimulus” plan with a grain of salt. Maybe a block of salt.
CNBC’s Jim Cramer thinks it’s so bad and that the New York Times coverage of the bill is so deceitful that went on one of his trademark rants while discussing it.
“Now if you were to believe what’s in the papers, holy cow, except for the funny papers,” Cramer said, “you would think this package was wonderful.”
“Look at the front page of The New York Times today,” he continued. “I love this one. ‘Measuring a Victory’ by this guy, Stevenson…it’s like a comedy routine. ‘It is a quick, sweet victory for the new president and potentially a historic one.’ Who edits this B.S.?”
Cramer went on to carve the “stimulus” package up like a plump Thanksgiving turkey.
And that is what’s known in literary circles as an apt metaphor. Or maybe it’s an apt simile. Or one of those other literary things.
CNBC “Mad Money” host Jim Cramer sees some scary similarities between the words of President Obama and those of communist revolutionary Vladimir Lenin.
Obama dogged Wall Street by saying there would be a time “for them to make profits, and there will be time for them to get bonuses. Now’s not that time. And that’s a message that I intend to send directly to them.”
Cramer made this comparison: “There was a little snippet last week that was, ‘Now is not the time for profits.’ Look – in Lenin’s book, “What Is to Be Done,” is simple text of what I always though was for the communists. It was remarkable to hear very similar language from ‘What Is to Be Done?’ which is we have no place for profits.”
What’s really frightening about this whole thing is that we find ourselves agreeing with Cramer.
But it’s not something we’re proud of.
