Reports from the Economic Front

a blog by Marty Hart-Landsberg

Media Integrity and Predictions

Are you one of those people who watch business news programs on TV and believe that the “experts” know what they are talking about? If so you need to watch this 8 minute segment from the March 4 Daily Show with Jon Stewart.

It starts with the now famous on-air comments of Rick Santelli (a CNBC analyst), who blasts the Obama administration for trying to directly help homeowners avoid foreclosure while somehow forgetting the huge bailouts that have already gone to the banks and investment houses.  This leads Jon Stewart to examine CNBC investment advice and economic predictions in the period leading up to the current crisis.  For the results (and laughs) check out:

The daily show: cnbc-gives-financial-advice

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