Tuesday, March 17, 2009

The Last Word on...

...the Jon Stewart and Jim Cramer "battle." Watch the extended, full length version of their conversation, if you can call it that, here. You can decide if Stewart was being too heavy handed in making Jim Cramer the face of all that is wrong with Wall Street, or if Cramer is indeed someone who has been helping steer Americans down the wrong financial path.

The biggest thing I took away from all this is the fact that it took a comedian, albeit an angry man-of-the-people comedian, to point out that "news" outlets like CNBC aren't really in the news business, but rather in the business of promoting Wall Street and the financial markets in general without asking any questions. With the aid of hindsight, we know all this cheerleading with blind faith was done at the peril of stock holders and the American tax payers.

What has happened to the concept of investigative journalism in this country when we have to rely on a fake news show to expose the wrong doings of companies that are helping to ruin our economy?

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