CNBC Epiphany

I recall watching gobsmacked, when virtually the entire staff of CNBC tittered in childish delight at the election of The One. Kudlow, of course, was stoically unconvinced. Fast forward a little over a year, and it’s hard to miss the cynicism and disappointment. Hardcore democrats like Steve Liesman now take a regular on-air drubbing from fellow journalists.
What’s perhaps most amazing though, is that the Tea Party has made it to CNBC … and that, is a Sea Change:

42 Replies to “CNBC Epiphany”

  1. Cjunk the tea party started on CNBC. While Ron Paul did use the tea party as memoir in the primaries but it really took flight when Rick santelli went on a tea party rant – he’s the guy on the left in the video.

  2. Larry Kudlow, a former Reagan adviser , on CNBC is one of the very few hours of weekly TV that I watch. His guests like Arthur Laffer of Laffer Curve fame are full of factual data as well as making business entertainment. Rick Santelli’s famous rant was fabulous several months ago. That CNBC even carries these guys has been surprising. Then again if CNBC wanted credible business coverage it is pretty hard to find business guys tingling down their legs over Obama.

  3. Political Correctness Defined
    Via email:
    The following is the 2007 winning entry from an annual contest at Texas A&M University calling for the most appropriate definition of a contemporary term.
    This year’s term: Political Correctness.
    “Political Correctness is a doctrine, fostered by a delusional, illogical, liberal minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

  4. Gord: Yes, I know Rick inspired the movement, but CNBC did not cover the Tea Party until just recently, and it’s staff was all a-glow when Big O got elected. They are virtually all Democrats. Even the old Democrat Cramer hammers all three, Pelosi, Ried, and Big O whenever he can … but he too was all happy-happy after the election.

  5. We need a Canadian Tea Party. I would like to see all Canadian politicians challenged by tax payers. The Canadian government is bloated and should be decimated. No more patronage appointees or large unions …

  6. Even the fools at CNBC can now see the writing on the wall, the economic disaster Obamassiah & the Dumbocrats are inflicting on America, the massive sinkhole of deficits, the corruption of American institutions and politicians, the decent into race baiting, hate mongering desperation and the inevitable failure of the American dream.
    Even rats leave sinking ships.

  7. Cyst – I noted that too.
    Our CPC is more disappointing by the day.
    Look what Cameron is going to do, or at least talking about, in Britain. 10 or 20% cuts in all government spending, including healthcare and the BBC.
    Where is the courage from the CPC do to even a fraction of this? They are busy wasting political capital on stupid stuff like the census, or more jails, but the real important stuff, like government spending and immigration, gets no attention or lip service only.
    I have talked to a number of hugely frustrated conservative supporters who can’t really defend the policies pushed by the CPC in the last few weeks, and wonder who is making policy in the PM’s office.
    In their own way, our CPC is as far from the Tea Party as the Liberals. I am certain that jailing people for having 6 marijuana plants is not a Tea Party policy.

  8. Another observation. I spend a fair amount of time at CanadianGunNuts, the largest Canadian firearm owners forum. It’s normally a hotbed of CPC support, since only the CPC is not an active enemy of gun owners.
    I can tell you that there is very little enthusiasm for the CPC these days. It’s a significant change from a year ago. These days all they get is support by default.
    For example, the whole thing about spending 9 billion on jails and the recent increase in the number of laws proposed by the CPC has gone over like a cement balloon with this crowd, normally very much a “law and order” group. If these guys don’t support this spending, probably almost no Canadians support it. This issue is a dead loss for the CPC. A total dead loss. More than anything else in the last year.
    Someone at the CPC better wake up, get their head out of their a$$, and come up with a bit of common sense policy not done to appease some imaginary “base”. Else we find ourselves having given Ignatieff and Bob Rae a victory they have done nothing to earn, and that will undo what little the CPC has managed to accomplish in the past few years.
    There is zero chance of a majority CPC government at this point. It’s obvious why this happened. What can be done to reverse it, if anything, I don’t know.
    P.S.
    If anyone thinks Bob Rae is not our future worst enemy, they are mistaken. He will end up being Liberal leader. He will form an alliance with the NDP. And at this rate he will be PM at some point.

  9. Lorenzo said: “We need a Canadian Tea Party.”
    This IS the Canadian Tea Party dude. Right here. You’re in it. Kate’s working on the t-shirt.
    Cjunk, I think it says a lot more about CNBC than the Tea Party that they have these guys on Kudlow’s show. A sea change among board-room Liberals, possibly.

  10. Rob C, that is a good question. Tough to answer. I’m not sure if the CPC has turned “progressive”, been Ottawashed or is simply afraid to rock any big boats because of their minority status. And, all the while Prentice is mumbling about some sort of carbon tax.
    However, something better change soon or a lot of us will be sitting on our hands (can’t believe I said that) at least mentally for a bit. I am keeping my wallet in my pocket in case Prentice wants to pick it.
    The alternative though is too awful to contemplate; that being a slow slide toward a Chavez copycat.

  11. Re: the Kudlow link
    We are introduced to a David Webb, co-founder TEA Party 365.
    And the media tried to call TEA Partiers racist? Did they know about David Webb,and choose to ignore the truth, or were they to lazy and biased to find out that a co-founder was black?
    Re: Canada …looks like Errol Mendez & co. got to Baird.

  12. The Phantom,
    Cool! I will definitely get the t-shirt.
    Ken,
    I’m in Prentice’s riding and I’m very disappointed in him. I wrote him some lengthly letters on global warming and Canadian sovereignty only to receive a response from Environment Canada. If the Libertarians run a candidate in my riding I’m going with them.

  13. Liberal Ziffy and the Separatist Coalition.
    The last sentence of the piece from Here* has this:
    >>> “When asked how the Liberals can give Canadians an alternative without an election, Ignatieff responded: “You’ll see.”
    The cryptic words of Ziffy translate to:
    >>> The Separatist Coalition.
    Watch for the return of the Commons.
    The Separatist Coaltion plot is being re-hatched/tartedup/resurrected even as Ziffy speaks.
    …-
    Ziffy speak/nospeak Here*:
    “Iggy avoids no candidate issue in Chatham-Kent Essex
    Liberal party leader says Canadians looking for an alternative”
    http://www.chathamdailynews.ca/ArticleDisplay.aspx?e=2703754
    http://www.bluelikeyou.com/2010/08/06/a-different-kind-of-racism/#comment-87487

  14. What we need to do, Rob, is for us to start bombarding the CPC with emails and FAXes and letters telling them that we are CPC supporters but we fear that our party is getting off track here and that we do not support some of the policies they are bring forward, ostensibly to placate us, and that we are hearing more than the usual degree of complaining about policy from people who normally would be CPC supporters.
    I know I’ve sent my emails.
    I also assume that there are at least some CPC staffers that look at BloggingTories and at SDA. If enough noise is made, I think some messages would go back to the head office.
    Right now all I see is complaints (from people like me) with the response that “when we get a majority it be different”, or “the Liberals are worse”.
    There’s no majority on the horizon, and there’s ever less to separate us from the Liberals except for some socon stuff (which sells badly, and is NOT the basis of future success).
    I am seriously worried about how things are going now, more than I have been since the days of the attempted coalition.

  15. Lori is right on ,E-mail your MP, and DO NOT take it for granted they have staff monitoring SDA or any other website.
    I was at a meeting with the local MP a few months ago,and none of his staff or board members,that I spoke to,had ever heard of SDA, and one of about six I spoke to was aware of the Blogging Tories.

  16. Santelli recently received a box full of Austrian economics books. He’s never read them before and is having a field day. His training has been through the trading pits of Chicago, where your mistakes tell you whether you’re going to eat that night, or you’ve lost the house. He really, really wants to be fair, and for everyone to have a fair shot.
    It’s his sense of economic fairness, where everybody gets their shot at the brass ring, to the best of their ability, that sparked his rant to begin with. That people who made poor decisions would be saved by those who stayed within their means. Peter robs Paul, news at Eleven.
    I used to be on that same floor with him, and we all got that schooling.

  17. Oh, and don’t mess with a five-foot-six, Chicago South-sider. You’ll get your A$$ handed back.

  18. Fred..rats do leave a sinking ship,but not before eating their weaker own…..commies and rats are known for that.
    Anybody who believes anything out of CBC or CNBC doesn’t have the brain cells to blow their own nose.

  19. Melinda:
    What’s the old joke? What do you call a trader with conviction? Broke.
    But seriously, I completely agree with you. If you’re trading, and you’re wrong, you either change your mind or lose your shirt. If you’re a Democrat, and you’re wrong, you.. well, you find someone else to tax, or you print a bunch more money, or you sell a bunch of worthless bonds. But you never, NEVER change your mind.
    As for CNBC, aka “Bubblevision”, I stopped listening to it a couple of years ago. I keep the screen up for the ticker, but I only turn the sound up for Santelli, or Bill Gross, or someone else who has a clue. Although I occasionally hear a snippet from perky little Erin Burnett that makes me think she’s slowly becoming aware of what’s going on. Kudlow, Cramer, Maria, the whole Fast Money menagerie – waste of airtime.

  20. Cjunk: I think it’s important to distinguish between the two factions within in CNBC – the business/ticker reader guys and the national political guys – typified by olberman and Matthews. The biz guys have largely been on our side from the getgo with a few exceptions as this video showed.

  21. If you’re listening to the Pimco crew, you are listening to the “exit strategy” from their trades of yore. There is no way you can turn a ship that size without “pimping the trade” the same way so they can get out.
    And is precisely why they ask to be on screen, from time to time.
    Rick is a tad different, and really tries to get economically accurate. I know, we argue every day about the markets (and I’ve been winning, to which he will freely admit. All that’s left is for the Euro to implode, before the long term US interest rates contract to less than 2%, and I, thusly, will have run the table on him.).

  22. Gord:
    The latter would be MSNBC … Olberman and Matthews.
    CNBC is the business channel.
    I’m sure us Tea Partiers are smart enough to know the difference.

  23. I back the CPC on justice/prison reform. Was not happy to read Conrad Black in the N.P. in disagreement. He wants to spend the money on overpaid social workers. Okay, he suffered some mental trauma in the American jail, but he should remember he is not a Canadian citizen any longer, and that was his decision, based on a vendetta by a Liberal, Jean Chretien.

  24. Some disappointment with the CPC, but at the same time, slowly but surely incremental steps are being made to dismantle the various edifices to the LPC. Until a solid majority is reached, things have to be done under the radar – for example the census was a big issue in the media (not so much for everyday Canadians) but what happened at the same time and has got little coverage – chipping away at equity provisions in the public service – that is huge!!! There will not be big cuts in the Public Service, but rather positions will not be filled, programs will be collapsed, combined until they disappear and on and on.
    I am so happy that the Liberal surplus is gone so that if on the odd chance that Iggy and/or coalition becomes government there will be no money to do anything with – similarly I’m for keeping a bit of a deficit as it will prevent any new entitlement programs from being initiated. That is a strategic approach to change rather than making change – it happens before you realize it!

  25. Ken 7:46 I have never been impressed with Prentice, I think he is a tree hugging lieberal plant.
    Lori 9:02 I see where you are coming from I continually contact MPs for what I consider screw ups,I also praise them on the good things they come up with.
    larbin11:16 I agree with the more prison,longer terms idea. My garage has been broken int 3 times, I reported the first one. I now have an alarm and a CCTV system and will deal with the next time on my own.

  26. Ken 7:46 I have never been impressed with Prentice, I think he is a tree hugging lieberal plant.
    Lori 9:02 I see where you are coming from I continually contact MPs for what I consider screw ups,I also praise them on the good things they come up with.
    larbin11:16 I agree with the more prison,longer terms idea. My garage has been broken int 3 times, I reported the first one. I now have an alarm and a CCTV system and will deal with the next time on my own.

  27. Old Lori, this is exactly why the Liberals win because we conservatives are results oriented whereas they simply don’t care, they’re just Liberals. Canada as you are aware is in the best financial shape of the Western world and Harper is to be credited for stearing us through this debacle and it isn’t over yet.
    Harper is getting rid of the presentencing deals, changed the immigration literature stating clearly what Canadian values are through Jason Kenny, basically ignoring cap and trade though Prentice placates the left by his empty statements, buying new jet fighters and on and on. We need new prisons if proper sentencing is to be implemented, Rona Ambrose is focusing on honour killings.
    CPC supporters drift away especially those who are weak to start with. The media like Macleans focuses every week on criticizing Harper, never praises him. I have wrote them on this time and again and will be cancelling my subscription.

  28. “… I’m in Prentice’s riding and I’m very disappointed in him …”
    Lorenzo … I have the same negative opinion of Prentice. I have also called him out on his idiotic stand about global warming and funding alternate fuels and his leaning toward Cap & Trade.
    Either the guy is a total nitwit or he is taking orders from Harper … either way he is a useless mouthpiece for politically correct global warming crap propaganda.

  29. The tea party is doing more than just protesting – they are actively taking over the local republican party apparatus. If you do not like the CPC then join the party, get involved locally, make your opinions heard, back it with money. Be persistent. That’s how the system works. That’s how the far left took control of our major institutions and that’s the only way we will take them back.
    (We already had our tea party in Canada – it was called Reform. It put the pressure on the Libs to control the deficit. One of the founders of Reform is now Prime Minister.)

  30. RIGHT ON FRITZ!!! There is no easy way to beat the Liberals, you have to work as hard as they do. And for all that they are a bunch of moral cripples, they work quite hard at the political game.
    Join the CPC, put up the lawn signs, attend the meetings, chose the candidates, etc.
    Or whine. Whining is what got us where we are today, kids.

  31. [quote]There is zero chance of a majority CPC government at this point. It’s obvious why this happened. What can be done to reverse it, if anything, I don’t know.[/quote]Old Lori
    Lori,
    If you followed the discourse of Canadian politics/legal argument you MAY be correct to conclude that the UN treaties are Supreme & Trump Canadian Democracy…It may not seem possible, but International NGO’s have more sway in the direction of Canadian POV…. YOU ARE TOAST if you don’t recognize the limitations that the UN has put on your Canadian Bill of Rights. The PM has a millstone around his neck
    BTW: The CBC & CTV coverage have a new initiative. The word “Conservative” is been assigned to all negative policies/regimes… Even the Iran Dictators form of Governance is called Conservative. (Soon Hitler will be labeled Conservative)… Note that the younger activists will work the word into every public discussion…
    The US will defeat the Communist Horde

  32. Have I missed something? CNBC is not pro-Democrat. I find them pretty balanced actually. I’ve listened to CNBC (*all day*), in alternance with Bloomberg Radio (more liberal), for more than 10 years and counting; I must be stupid then.

  33. Around 2006, CNBC management was promoted upstairs, and a talk-show guy out of Berkeley was put in charge, name of Hoffman. Since then, there has been GE-down approach that pressures the news staff to get left. They’ve more or less resisted, but the signs are there. The real leftists are on their list of commentators and guest hosts. Howard Dean, say. John Corzine, say. Don Pebbles, last week. The manure is pretty fresh when they get on. But now and then, someone blows them out of the water. Olick’s interview with Steve Wynn, for instance.
    In his book, Hank Paulson outed Liesman as the inside shill at CNBC. Ever since, everyone has moved from “I think he’s a horse’s ass” to “yup, here’s the fresh poop right from the White House and Geitner horse’s ass”. So, he gets to make lame arguments like last week’s ‘saving 350,000 public sector jobs’ that schools, cities, counties and states could no longer afford (because they can no longer tax their schemes to success) by having Uncle Sam pay schools, cities, counties and states $26 Billion “makes sense”. As if at the end of all of this is not a bunch of poor pissed off taxpayers holding the bag and wondering why Harry Truman got The Buck Stops Here sign and not them.

  34. Alan:
    It’s not that CNBC is pro-Dem or pro-Rep; I agree that they’re pretty neutral. But what they aren’t is honest about the markets. No one called the bear market, everyone rejoiced in the bounce, very few people look behind the numbers (Santelli’s an exception; so is David Rosenberg from (gasp) Trawna) to see what’s really there. Bill Fleckenstein (google him to link to his weekly column at MSN Money – he’s a great read) calls it “Bubblevision”, and it’s true that they seem to jump on every bandwagon, except, strangely, gold. Fleck is particularly contemptuous of CNBC’s participation in the “beat the number” game, where earnings mysteriously beat the estimate by a penny quarter after quarter, leading to a host of “buy, buy, buy” recommendations from Cramer et al.
    From Mark Haines’ fatuous bray every morning (“From Noo Yawk, the financial capital of the universe!”), to Maria’s closing “Do you know where your money is?” sandwiching endless cheerleading, you’d think buying and holding stocks was the only way to get rich, despite 20 years of experience in Japan and 10 years in NYC that it ain’t necessarily so. As I said, I watch it for the ticker, but the commentary is generally vapid.

  35. Yes Alan, I believe you’ve missed something. CNBC is as “balanced” as the rest of the MSM. I will grant that they are usually more subtle. Except Fast Money, of course.

  36. “If you do not like the CPC then join the party, get involved locally, make your opinions heard, back it with money. Be persistent. That’s how the system works.”
    Look, this was adorable a couple years ago, but it’s getting kind of old. You’re only convincing yourself, if even that.

  37. “NO, God Damned America”!
    “Equal rights and social justice for ALL”
    “For the first time in my life, I’m proud of America”
    …………………..

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