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CNBC, the cable news channel that reports on business news and Republican Party talking points, may be joining the ranks of the growing right wing Republican "debt-limit deniers".

CNBC is owned by Comcast Corporation, headquartered in Philadelphia.  Comcast executive Vice President David L. Cohen has become a main fundraiser for debt-limit denier PA US Senator Pat Toomey, a Club for Growth alumnus to whom other GOP U. S. Senators look for guidance on financial matters.  Toomey got into a dust up with Treasury Secretary Jack Lew during yesterday's Senate hearings.

Do we need to pay attention to CNBC's so-called business coverage (does CNBC really cover it if it does not conform to GOP talking points?) of the effort to raise the U.S. debt limit ceiling?

CNBC will have to treat the ideas of the debt limit deniers with respect what with CNBC's corporate owner's executive Vice President being a pom pom fundraiser for one of the Senate's main debt limit deniers.

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Comment Preferences

  •  Dog Whistling Not Meant to Be Taken Literally. (1+ / 0-)
    Recommended by:

    They're warning investors to make plans because the debt ceiling IS going to cause havoc. --And it IS going to be hit.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Fri Oct 11, 2013 at 05:42:27 AM PDT

    •  One hedge funder 2 days ago basically said (2+ / 0-)
      Recommended by:
      MartyM, Eyesbright

      there's no where to go.

      So far the coverage seems to be "I think I can" "I think I can" "I think I can" or in this case "They'll make a deal" "They'll make a deal" "They'll make a deal" "They'll make a deal"

      CNBC on the coverage I've seen seem to be to show the business community who they helped get elected

      A Gynecologist. a Horse Doctor ,a Lawn Mower Salesman and an Alleged Eye Surgeon proclaiming to be experts on macro economics.....

      I want 1 less Tiny Coffin, Why Don't You? Support The President's Gun Violence Plan.

      by JML9999 on Fri Oct 11, 2013 at 06:13:51 AM PDT

      [ Parent ]

  •  There is a half truth here. The debt ceiling (0+ / 0-)

    is an artificial construct created by the Congress to make it look like they are not in charge of spending and collecting revenue to make the currency flow smoothly. The debt ceiling is as real as the dollar, a figment of the imagination -- i.e. something man has created.
    The debt ceiling IS a problem because lifting it or removing it entirely will reveal that Congress is, in fact, in charge and constitute an admission that they have been dicks.
    Also, there's the problem that when liars come clean and tell the truth nobody will believe them.
    Whom can they blame for having been dicks? I'd suggest Bill Clinton. Or, better yet, Al Gore. Yes, let's blame Al Gore 'cause he's the one that made such a big stink over balancing the budget and reducing the deficit, thereby causing the interest rates to tumble and depriving grandma of income from her life's saving.

  •  Isn't CNBC owned by NBC, not Comcast? n/t (0+ / 0-)
  •  The PBS program "Nightly Business Report" was (1+ / 0-)
    Recommended by:

    taken over by CNBC not long ago, which now produces the program; their corporate RW tentacles now extending into that bastion of "liberalism", PBS (/snark).

     I don't know the backstory as to why this happened, but the changes in the program are obvious, and detrimental.

    NBR never was much beyond fairly pro-business (longtime former anchor Paul Kangas was clearly somewhat anti-union), but they were reasonably neutral politically before.
    I get a 'leaning right' vibe from watching NBR now, and I've watched it since it began.

    Apparently there was a wholesale slaughter of the former personnel associated with NBR because about the only familiar face that seems to be left is Suzi G (and this includes the behind the camera staff).

    From the NBR webpage:

    “Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.

    We’re Ready, Wendy’s Ready! WTF Are We Waiting For? Bring ‘em on! The revolution has begun! Come and take it!

    by Bluefin on Fri Oct 11, 2013 at 09:43:31 AM PDT

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