I am very happy to see the blogosphere wake up to the fact that CNBC has become a purposeful anti-Obama network. Their on-air talent is mainly right-wing, and this morning they demonstrated their right-wing hackery once again. See under the fold....
I'm having difficulties embedding the video, so here's the link....
http://www.cnbc.com/...
Melissa Francis, who apparently couldn't get a job with Fox News, tries to jump the shark starting at the 2:33 mark, and thankfully Steve Leesman (maybe the ONLY sane talking head on the network) smacks her down for blaming the stock market fluctuation on Obama. Of course, Larry Kudlow tries to claim that "these are facts" regarding the market reacting to Obama's every words. He talked in Ohio this morning, and the Dow was down 40 point afterwards. Naturally, Obama caused this drop in Kudlow's and Francis's moronic minds. Never mind the employment numbers weighing on the market. It's Obama!
At the 4:15 mark, Francis goes over the top by claiming the last 10-minute drop was Obama's fault. Notice that she also muttered in the video that if Obama gave a speech at Wall Street, the Dow would be down to 5,000.
Kudlow, by the way, likes to blame Obama and his policies on the continual freefalling market, yet he fails to recall how the market did when his hero, Ronald Reagan, was president during his first 20 months in office. Selective memory is not due to Kudlow's age either. It's due to his intellectual dishonesty and partisan hackery. These ideologues lost the last election, and they are desperate to throw in cheapshots at Obama when they see any kind of excuse to do so. CNBC is their main vessel now.
Ladies and gents, let's keep holding CNBC's corporatist feet to the fire. They are HURTING public discourse, fomenting confusion and shaking confidence. Instead of the segment's title being "Obama to blame for sell-off?", I'd like them to do a piece entitled "CNBC to blame for the sell-off?" It would be much closer to being on the mark.