Jon Stewart's rant: Santelli re(un)wound

Santelli and Cramer: two of the goons that helps create this mess. I laughed when Santelli ranted in the room full of millionairs. Really Rick, do you think main street cares what you and your millionairs think? It is obvious that you are a pug anyways. It is funny that the ones that worked in the market never saw this coming, and the ones on main street have been calling this market out for years.

Last night's show was fantastic. He skewered CNBC and all of the talking heads, showing how extremely clueless they really are. It was the best! Stewert is smarter than all of 'em. Anybody that takes CNBC's "info" as a tool for their investments is insane.
Me? I left the market in 9/07 - not too shabby!

check the headline on the swamp, trib: "made at homeowners"? that's like the 3rd typo in as many days.

The Weirdo Left continues to attack anyone who criticizes their Messiah, Obama and his sadministration, along with the willing accomplices like fake journalist, Mark Silva.
Wall Street is mad. Homeowners are mad. Obama's polling numbers are drifting downward. Democratic senators are jumping off the Obama bandwagon. And this is all Silva has: continuing the attack on anyone who dare stand up to his bosses: Obama and Axelrod???

Terry, JW, John D,
Listen up my fellow prisoners.
There will be a test.

I remember someone posting here saying that the only people that would suffer were the stupid borrowers and greedy lenders??

Thank you Jon Stewart. This ranks up there with his appearance on Hardball. It's a sad state of affairs when the only news program that isn't a corporate cheerleader duping Americans into believing they have any insight or experience in any local, national or global affairs is a joke news show on a comedy channel. America's mainstream journalism is dead and anyone who watches Fox News, CNN, MSNBC, CNBC, etc. and thinks they're well informed is as foolish as the (constantly) mistaken news casters joked about in these clips. Think for yourselves and check BBC, Al Jezeera, NPR and other respectable news sources that won't sugar coat and soften every story to make the audience feel warm and fuzzy. If you don't want to feel sickened by the state the world is in now, don't watch the news. It's better to be uninformed than to be falsely informed by a bunch of lying scum disguised as a journalist while looking for the next buzz clip on youtube.

The state of cable news is pretty dire. The only reliable source of investigative journalism these days is Jon Stewart's comedy show.

I cant even see why anyone who has a brain would even watch Stewarts show let alone watch Letterman. Nither one of them are funny but only the ones with low IQ`s would watch them I guess.

Says John D. @ 8:14 a.m.: Obama's polling numbers are drifting downward.

You might want to re-check your sources: Yes, at the FOX station braintrust, Obama's numbers may be down, but elsewhere in the country, he has just reached record positives.

Nice try, though. And way to stay on topic of the loser gazillion-aires who were so wrong.

The path back on track won't be completed in a blink, but I certainly feel like we're all in better hands with the guidance of this administration over the "Problem? What problem?" of the past group.

. . . brings to mind former press secretary Dana Perino's repeated insistence that if the unemployed would just get back to work, the problem would be solved.

e.gads.

Jon Steward is the worst...there isn't an ounce of credibility on his show.

I've ceased watching 'news' programs entirely. They've all sunk to 'entertainment' formats. I mean, come on: Fox, CNBC, WGN, et al, why bother? When I want 'news' I'll go to the web and read through the BBC's web-site, the Wall Street Journal, the Financial Times and assorted other sites that actually have 'reporters' - who actually 'report' the 'news.'
When I want entertainment - I'll watch John Stewart.

"John D", Mark Silva is not a "fake journalist" so much as he and Frank James are puppet journalists, puppets whose strings are pulled by the Democratic National Committee and the Obama White House. I mean, would real journalists bother with Jon Stewart's rantings?

The better question is: Why are they so willing to be used by the DNC? Is it their partisan Liberalism? Is it merely laziness? Perhaps they wish to curry favor with their fellow (Leftie) journalists? Or maybe their fawning is part of their angling for a job in the Obama administration, their current gig (with the bankrupt Tribune) being akin to the band that played as the Titanic sank.

Right Blame Bush, Santelli, and Rush for all that is wrong with America today.

Heard of taking responsibility????

So Santelli did not show, big deal. Stewart needs to get over it - it's not like these guests get paid or have a contract.

I cant even see why anyone who has a brain would even watch Stewarts show let alone watch Letterman. Nither one of them are funny but only the ones with low IQ`s would watch them I guess.

Posted by: Gary | March 5, 2009 8:52 AM

hey Gary,

.you mean we should all be watching The 1/2 hour Comedy Hour, I hear Jonah Goldberg's Samurai Dickwad segment is #1 on their youtube channel

Stewart does a good job in that piece showing the anger that everyone has over what is going on. We have run into the situation where all the risk being taken by the government and very little of the gains. This has to stop.

Gary, I believe that not understanding the proper use of apostrophes also is indicative of low "IQ's."

Little Johnny D,
"Sadministration"??? How long did it take you to come up with that one? Or are you just parroting a talking point from Limbaugh/O'Reilly/Hannity/Coulter/Malkin? At least you and your sad ilk moved on from typing "Change you can believe in?"

as the MILLIONAIRE senator Phil Gramm -- Mr. DEREGULATION himself -- put it .. if you are not a MILLIONAIRE -- you are just a WHINER.

damn republicans. what a joke

>Nither one of them are funny but only the ones with low IQ`s would watch them I guess.<

Rush, you forgot to spell check.

This ties up the whole skit, though it is unfortunately not funny at all.

www.deepcapture.com

Im so glad someone finally had the balls to call out these fakes for what they are.The American people are sick and tired about what "Wall street wants".Only speculators and suckers are in the market right now anyway I say stop the financial bleeding and put Wall Street out of it's misery.They put us in this mess and now there going to tell us how to spend our money too.NO

As a daily CNBC watcher (getting more jaded by the day), I was ecstatic to see Stewart take them on. CNBC is nothing but a parade of one clueless interviewee after another, taking turns contradicting one another. I look forward to Joe the Plumber's appearance as a financial analyst... this is one place where his opinion would be worth just as much as the "experts".

Oddly enough Rick Santelli is employed by GE which has taken money from the gov't. So Rick Santelli has effectively been 'bailed out'.
What a hypocrite.

I love the comments. John D, Bruce, all the usual suspects who have been on here for years complaining about bias. While there are plenty of outlets for them to recieve the twisted views they believe in, they return day after day to see if the outcome will be different. What do they call that? Stuck on ..............

Whcih is more predictable: the Sun rising in the East, the Cubs losing, or Trib reporter Jeff Zeleny giving Barack Obama free publicity?

Posted by: Bruce | March 30, 2006 12:02 PM

Please notice the date folks........

For being a spoof of a news show, I thought one of the brilliant things about Stewart's shots at CNBC is that they offer themselves as a new channel... business news, but nonetheless... NEWS. You know, reporting fact and helping keep the viewer informed. But then they constantly give you opinion, not fact. And ultimately, instead of helping America see the problems coming, these guys all kept singing & dancing and inviting others to join them on the dance floor while the ship went down. I guess this is what happens when you cater to people who are playing a giant, legalized, gambling system called the stock market.

A tip of the hat to the brilliant Jon Stewart and his writers.

John D. is now infecting this channel with his grotesque idiocy, too? Hey, John D., did you make a ton of money listening to CNBC & Fox News? How about doing the world a favor and just shutting up?

Hey JohnnyD: If Silva is a fake journalist, what does that make you? Just a wanna be journalist. The only place I ever see your byline is on a free blog! For years now, you rant against the left and never hold anyone on the right accountable for jack! 84 percent of the nation knows that Obama inherited this mess, yet your one of the 16 percent deadenders who thinks more of the same, i.e. Bushisms, will solve our problem. Please, for the sake of the sane readers here on the Swamp, please crawl back into that little cubby hole and write only for your little trade rag. And, where was Stewart wrong. All he did was show actual video tape (not using made up Fox polls) of CNBC talking heads screwing up...BADLY!

Hey JohnnyD: If Silva is a fake journalist, what does that make you? Just a wanna be journalist. The only place I ever see your byline is on a free blog! For years now, you rant against the left and never hold anyone on the right accountable for jack! 84 percent of the nation knows that Obama inherited this mess, yet your one of the 16 percent deadenders who thinks more of the same, i.e. Bushisms, will solve our problem. Please, for the sake of the sane readers here on the Swamp, please crawl back into that little cubby hole and write only for your little trade rag. And, where was Stewart wrong. All he did was show actual video tape (not using made up Fox polls) of CNBC talking heads screwing up...BADLY!

Oh I see thermal54,grammarian and clare. Im sorry if Im not as perfect as all of you with the way I type but you see Im just a factory worker and a Vet and I never had time to play secretary you see I was to busy getting shot at in Nam and and getting wounded then trying to take care of my family when I got out of the service.So why dont you people just come down off your crosses and if you dont like what people like me write then just dont comment on it.why do people like you always have to find fault with others ? Does it make you feel superior ? Your not the only ones who live in this country ? just sit there in your nothing Happening, going nowhere lives and worry about yourselves. just think that people like me put their lives on the line for sorry people like you.

So now its CNBC fault we are in the mess. Interesting. And for those wondering Stewarts ratings are dismal. He is just a media darling that gets a ton of press (good press) even though his show does horrible in terms of people actually watching

If you liked the Stewart clip, you'll probably like this footage of a guy getting ridiculed for predicting the subprime mess -

http://cannonfire.blogspot.com/2008/11/when-winds-of-finance-schiff.html

People like Santelli are utter hypocrites: On one hand, it's a huge moral hazard to help out homeowners in distress, but on the other, we must ignore the moral hazard of supporting failed corporations and their executives. Santelli wants to have it both ways, and in a manner where he and his rich cronies are the main benefactors.

So when will you start reporting that Santelli's "rant" was actually part of one of the largest astroturfing campaigns in American history? His "rant" was part of a highly orchestrated campaign that has been in the works since the latest, August 2008.

It's hilarious when a porno magazine has to report the news. I know, I know, the Tribune isn't in the business of hurting Sam Zell's bottom line, but you think they'd be even remotely interested in actual news content.

Jon Stewart is funny! Watch the Feb 25th episode (Tom Selleck is the guest), where he blasts Obama after the congressional speech. It's really funny. He compares Obama to Jimmy Stewart. No matter your politics, this episode will make you chuckle.

Did any of the wingnuts panning Stewart actually watch the show? Of course not. Because if they did, they'd realize that Stewart destroyed CNBC using their own statements.

That pesky video! That's the problem for the reichwing...everything has been recorded. Right, Rush, ye of "slavery wasn't all bad?"

Scoreboard, wingnuts.

Scoreboard.

This blog would serve a more functional purpose if the posters who disagreed with the writers actually articulated a counter point instead of making personal attacks. If you think Jim Cramer and Rick Santelli are credible witnesses to the decline of this great nation - tell us why. It would seem the absence of new ideas and creative thinking is not limited to Republicans in Washington - it has trickled down to their "base" as well, if this blog is any indication.

I'm interested to hear what Jim Cramer says because he is informed and entertaining (in a deranged sort of way). But there is no doubt he has been very wrong on many topics over the last year and one would think he would temper his temper in the wake of such failures. I understand Mr. Santelli opposed the initial bank bailouts and I give him credit for that. But I wonder why his opinion wasn't celebrated back then by his CNBC cronies and media cheerleaders? Why didn't we hear such a moral outcry by Wall Street when the taxpayers had to subsidize their failures?

The only time we complain about wealth redistribution is when it's moving towards the underclass. Nobody seemed to mind the $300 billion that was redistributed from the middle class to the wealthiest class over the last 7 years. I wonder why?

This makes news? Jon Stewart??? THIS is the problem with this country: When people seriously think they are getting 'real' news (including political) from the likes of Jon Stewart, David Letterman, Seven Colbert, Bill Mahr, and the like. What a sad state for our youth (18-35).

Gary, when you learn how to spell and use proper grammar we *might* believe that you have an IQ in positive numbers. Until then, we will continue to think of you as the concern troll that you most likely are.

I think Santelli (regardless of any Jon Steward "rant") really did hit the nail on the head. Folks are not happy with the Obama housing plan -- Let's reduce principal and interest on irresponsible homebuyers and throw in an extra $5k just to have them live up to their end of the deal??

What ever happened to performing under an agreement as written? Oh, and let's not weed out the fraudsters who lied on their original application because that might be too much trouble. Why are we rewarding anyone who committed bank fraud with reduced payments and free money?

go ahead, everyone who is trying to make fun of Stewart's audience, the joke is on you and you don't even know it.

keep listening to the wall street parrot heads and CNBC and keep letting them shovel sh*t in your face without asking questions.

Some of you a-holes defending Wall St. are so ridiculously condesending you have no hope and you will die an empty, souless, corporate automaton.

notice how Santelli's defenders all refuse to aknowledge his idiocy but instead choose to attack the audience of Jon Stewart's show and the Obama Administration which have absolutely nothing to do with the topic.

typical diversionary tactics.

keep avoiding the truth

The Jon Stewart piece was spot-on; and although the facts are disheartening the delivery was oh so funny. And I think it's even funnier that there are those on the right that actually believe he is some sort of puppet of the administration and that it is Obama's fault that the economy has tanked (didn't the economy tank under the previous administration? As far as I can tell the recession started somewhere between August and December 2007, yet the GOP seems to blame the current administration). Anyway, I'm glad to see that the right feels the need to respond in such a defensive way with their phony outrage... kinda like Santelli's rant against a government that has provided billions in bail-out funds for him and the others that caused this mess in the first place.

And as for Santelli, the next time I see him at CME I'll be sure to let him know how me and all the other "loser" homeowners would much rather see bail-out funds distributed to his wall street buddies as opposed to the family down the street that is facing foreclosure because they lost their job and can't keep up with their mortgage payments (and no, these are not people with the zero-down, interest-only loans that the banks should've never been making in the first place; but rather people who did everything right but now can't continue to pay and can't sell their house because potential buyers can't get new mortgages). If those homes go into foreclosure then it hurts every homeowner on the block as values get depressed. For most Americans, the majority of their wealth lies within their home, not the stock market, so we'd much rather see homeowners bailed out rather than just the financial sector.

Mr. Santelli, feel free to speak for yourself and, frankly, you can spout off whatever opinions you want; but you do not get to speak for the average American because you clearly have no clue what the average American wants.

I'm shocked, just shocked, that Stewart would act like a petulant, liberal child. Maybe there's a reason ratings are down on TDS. Bring back, Kilby, please.
Robin, I would counter that Cramer and Santelli have forgotten more about the market than Stewart has ever known.
I think we all know that if it was not for his agent Stewart would still be doing crap like "Mystery Men" or he'd still be on MTV. He's not as good a host as Conan O'Brien or Letterman and there was a reason he never broke out of basic cable.
You contradict yourself when you say the only time we "complain about wealth redistribution" is when it goes to the arrogantly named "underclass." Santelli complained about TARP I, the GM/Chrysler bailout and AIG. And just because you weren't paying attention to to it doesn't mean that we didn't complain back then, too.
Jon Stewart's rant seems more like a plea for attention than anything that has to do with a real issue, like the government encouraging bad behavior.

Somebody's mad that his ratings are down.

...I've always thought CNBC was akin to the Home Shopping Network. The only thing that gives them any legitimacy is that they're on television. And what the hell does that mean? It's an actual advertising program. An infomercial. I think Stewart went a little soft on them in general. But when you're on top, you have to be gracious. The Daily Show is at least properly classified. It's an entertainment program that entertains...and more.

Most news networks today are improperly categorized as 'News' programs. And CNBC is simply a miscategorized shopping network...and should be given the same respect.

"So when will you start reporting that Santelli's "rant" was actually part of one of the largest astroturfing campaigns in American history?"
I know what ACTUAL largest "astroturfing" campaign ever was: Selling the idea that Barack Obama knows anything about the economy. The last few months of "crisis" have shown that he doesn't.

"This makes news? Jon Stewart??? THIS is the problem with this country: When people seriously think they are getting 'real' news (including political) from the likes of Jon Stewart, David Letterman, Seven Colbert, Bill Mahr, and the like. What a sad state for our youth (18-35)." -Robert J Reece
__________

The joke's on you if you actually think your news isn't skewed elsewhere. Not matter the source it's gonna be skewed. Therefore, it just takes some intelligence to cut through it. In Jon Stewart's case, you're just cutting through the comedy instead of the agenda.

Janet, dear, it didn't take much for ME (not Limbaugh, O'Reilly, Hannity, Beck) to come up with Sadmininistration for this White House gang we have today.
And, Patty, dear, it is not the Fox poll that shows Obama's numbers down, but the Real Clear Politics average, which shows his positives falling and his negatives rising: http://www.realclearpolitics.com/epolls/other/president_obama_job_approval-1044.html.
Granted, most presidents see a drop-off after their inauguration. But as Obama and his sadministration continue their leftward lurch, continue their high-spending ways, continue their earmarks, their flip flops, their bailouts, the more his numbers will fall. Course, the Obamabots will never see it. This country does not want socialism and most folks do not want to see their president spending time attacking critics and radio show hosts while he has a job to do.

"So why dont you people just come down off your crosses and if you dont like what people like me write then just dont comment on it.why do people like you always have to find fault with others ?"

Yes Gary, why DO you have to find fault with others?

You complain about what you don't like and so does everyone else.

In any case, mostly Stewart just ran the network's own videotape where they made BS claims about the markets that proved to be totally wrong. What's wrong with that?

The last few months of "crisis" have shown that he doesn't.

Posted by: Jeff | March 5, 2009 12:07 PM

Uh, Jeff, maybe you need to brush up on your civics lessons. You do realize Obama only became president Jan. 20, right?

Right?

Why does Comedy Central have a better business research staff than either NBC, CBS, ABC or Fox News?

Surely, if Jon Stewart can find video of the outright stupidity of Santelli, Cramer and the rest of the supposed financial gurus, then the other networks could, too.

Yet, all we hear from them are "crickets" when it comes to holding these financial advisers accountable for their own words.

I just love to see this conservatives keep crying and crying. Soar Losers

I just love to see this conservatives keep crying and crying. Sour Losers

Santelli's rant has been viewed over 2 million times. You can mock and dimiss Santelli, but you can't deny the mood and concerns of millions.

If you have met the requirements of a mortgage, never missed a payment in good times and bad, and now a happy to pay more taxes and endure inflation to bail out people who should have never gotten a mortgage, more power to you. Me, I'm worried and upset.

I'm no apologist for CNBC, but somebody tell me who last year had the heads up on the coming financial crisis? Who?

Maybe you shuld get your investment advice from Jon Stewart or Barney Frank?

>>Im just a factory worker and a Vet and I never had time to play secretary you see I was to busy getting shot at in Nam ...

Hey Gary -- you forgot "whiner." And most of us learned to write English in grade school; are you suggesting you skipped grade school to fight in 'Nam?

while i do think the most recent santelli rant was somewhat staged to position him for a wider stage - possibly his own show - i would like to point out that he did rant last fall against banks getting bailed out. his message has been consistent, that of letting the markets sort themselves out and let those who made bad decisions suffer their own fate.

with that being said, i think it's a little disingenuous for the likes of stewart to attack santelli and frame an argument around one appearance and back up his position by cherry-picking different financial talking head commentary from cnbc over the past year and a half from various sources. yes, commentary from cnbc has been incredibly flawed. if you are looking for cnbc for investing advice, you get what you pay for. it's business entertainment at best, with money hunnies and ceo biographies and a bunch of back slapping. what it isn't is sound information for prudent investors.

on the other side, if you look to get your unbiased news from comedy shows, you also get what you bargained for.

while i'm a big fan of stewart and watch the show religiously, i found this segment totally off base. while entertaining, stewart and his staff of comedy writers were well out of their element.

here's a flashback to santelli last fall... attacking the bailouts of the banks-

http://www.youtube.com/watch?v=I-1g0OZJIdk

his message has been consistent for both companies and individuals... government should stay out of it.

while i don't agree with him regarding government intervention, i do admire him for his convictions and i will not belittle him for having an opposing view.

I get it- let's take the most unsual financial crisis since 1981, perhaps since 1933, and make fun of someone who doesn't know what is goin on. Yeah right.

Amazing how the misanthropic schizoid xenophobes peddle their self-obsessed ignorant anti-social diatribes while alzheimer's has removed all traces of Bush's destruction of four thousand US military, a million Iraqi men, women and children and tax cuts for oil companies with $40 billion in profits coupled with off-the-budget wars based on lies, no bid Pentagon contracts, and pallets of hundred dollar bills worth $12 billion just disappearing into thin air contaminated with uranium and mercury. Mass murder is OK, but please, nothing for the common good. It sounds like communism. GOP denial is dead.

Jeff,

Appreciate the recognition, but you would do well to follow your own advice about "paying attention". I acknowledged Mr. Santelli was against the initial Wall Street bailouts and I gave him credit. I'm questioning why that opinion wasn't championed by his media peers and the rest of the empty suits on Wall Street? You don't need to reply - it's a rhetorical question.

Regarding Cramer - I have no doubt he knows way more about economic matters that Mr. Stewart. But if I was being paid a handsome sum to espouse my opinion on the boob tube every day and I had that many notable missteps, I would be a little less dramatic about making any further proclamations. He is essentially an economic weatherman and his credibility has come into serious question.

I don't think the term "underclass" is condescending and I outta know - I'm in it! I can assure you we are less offended by terms used to label us than the utter disregard so many citizens have for our future in America.

@Robert J Reecef:

Noone claims that Stewart is "real news". His show is comedy and the "youth" isn't being destroyed by it. I am perfectly capable of understanding what happens in the world and probably am more versed than you. However; your ideological hatred for comedy shows (that do lean to the left) is just another reason why the party of Limbaugh is out of touch.

Now, if you don't mind, I have to go destroy my mind by destroying the world doing liberal things. Perhaps I'll go abort some babies or try some gateway drugs or better yet go minger with some terrorists!

Woohoo for Jon Stewart! The day Santelli did his rant, I asked CNBC to run the photos of all of the WINNERS of our current economic disaster since Santelli knew who all the losers were. I also asked them to run video clips of the interviews they conducted with all of the bank CEOs where CNBC touted them as industry leaders while this whole mess was shaping up under THEIR leadership. CNBC did not honor either of my requests. Kudos to Jon Stewart and staff for giving me part of the info I was searching for. And for all of those who keep complaining about "getting news from the likes of Jon Stewart, et.al., find it interesting you leave out the likes of the blowhard Rush.

Ohhh thats right Jon Stewart and his rich liberal friends think it great for us average joes to pay to these loosers morgatges, and its our duty to pay higher taxes.... Of course they do not have to (until they go for a high level government job -m and then they just pay the min that will get them into the job)

Get fricken real - we the people are mad as hell at this joke of a "new" administration.... just with Barry Os Possy had a economic clue - this mess will drag on for as long as they are in office - Perhpas we could impeach HIM!!

I don't understand why people have to personally attack Stewart just because they disagree with him. Look at the facts and look at the clips. The fools over at CNBC and these "financial experts" don't know what they're talking about. Argue the facts, not the short untalented Jon Stewart.

Maybe Patty from above should click the Real Clear Politics link on this page. It shows the polls from several different companies, all but one or two going down. Never let the facts get in the way. The bailout and budget are a joke. The economy turns around when people and corporations take personal responsiblity for their debts and learn to live within their means. Oh yeah Jon Stewart is definetly the person whose advice you should take on the economy, he has so many years of experience with it.

"Last night's show was fantastic. He skewered CNBC and all of the talking heads, showing how extremely clueless they really are."

What???? So, since they aren't right 100% of the time they are clueless? Right.....

Wow. I have been an advocate for CNBC for a long time. But thank you Jon Stewart for helping me put things into perspective. CNBC is as about as helpful for me and my money as a monkey throwing darts.

Stewart is too self-righteous for me.
He's not worth my time.

"...and that it is Obama's fault that the economy has tanked (didn't the economy tank under the previous administration? As far as I can tell the recession started somewhere between August and December 2007, yet the GOP seems to blame the current administration)."

Hmmm, so what's currently happening with the economy is everybody else's fault, except Obama? His idea of taxing business to death has nothing to do with it?

Listen to all these 'thinking' cons attacking Jon Stewart for satirizing the 'LIBERAL' CNBC.
Hey cons; Get on over to E-Bay and buy a sense of humor.

You pinhead republicans are so ignorant it makes me wonder how the hell you even got a president in office. Two points. To the people blasting Jon Stewart's credibility: it's a COMEDY TV show you dumb dumbs!! It's not intended to be a credible news source. In any event, why are you watching it then?
Next. The people claiming that this shouldn't make the news. Oh, you mean exposing the idiots who contributed to this mess isn't news? Would you prefer that they be allowed to hide away with all of OUR money unexposed and unpunished for evaporating OUR money?

One last point. Anyone who claims that any of this mess has anything to do with Obama is really grasping at any possible person to blame other than the people you should be blaming, and the fact that I even have to post in order to explain this is REALLY why this country is in such a sad state. The guy has been in office for 2 months and has already done more for the root of the problem (housing) than Bush did in the last 2 years. Try out-debating me on that, you won't be able to. Go back to church you repressed freaks.

"This makes news? Jon Stewart??? THIS is the problem with this country: When people seriously think they are getting 'real' news (including political) from the likes of Jon Stewart, David Letterman, Seven Colbert, Bill Mahr, and the like. What a sad state for our youth (18-35).

Posted by: Robert J. Reece | March 5, 2009 11:19 AM "

We know it's comedy. The sad part is Stewart and Colbert are about the only people who actually validly criticize people in the media (instead of just throwing around "OMG LIBERAL BIAS" or "OMG BUSH MOUTHPIECE" anytime someone says something you disagree with, even if what's being reported is unassailable truth). And even more sadly, you're more likely to get the news from them than you are from the "news" channels right now. The news channels are a complete joke. The BBC covers our news better than our own channels do.

Robin, you can't claim that Santelli's "media peers" didn't report Santelli's opposition because you feel that you, yourself, didn't hear enough about it. That's where you're not paying attention and contradicting yourself.
The american media is made up of thousands of different outlets all with a unique agenda and focus. Don't you think wanting them all to act in lockstep is not only childish and unrealistic, but a little socialist?
You don't need to reply - it's a rhetorical question.
CNBC promoted Santelli's criticisms regularly and Fox and other right of center media outlets had pundits who agreed with it and repeated Santelli's gripes.
Also, you might be fine with denigrating yourself but that doesn't mean I have to go along with it. I grew up in poverty but was taught to never believe that I, myself, was "under" anyone else or, by extension, less valuable. I owe everything I have today to that belief. The fact that your'e willing to believe such a thing about yourself says more about you than it does about me.

Who watches John Stewart anymore?

John Stewart needs to reduce his ego. He's on a low-rated basic cable channel.

So a guest didn't show up for your lame show. Big deal. Try acting like an adult and not a small insecure man.

Dance Monkey. Dance!

Oh come on, everyone knows John Stewart is a LEFT WING NUT angered by the slight made against his Messiah...Barry O!

Republicans blame the Democrats. Democrats blame the Republicans. We the people are to blame for all of this mess. Both sides of the political spectrum deflect the blame so they can shovel their own brand of feces. Our country is in this mess because both sides allowed it to happen. The Democratic controlled Congress didn't shoot down Bush's policies that contributed to this mess. The Republican controlled congress didn't shoot down the Clinton policies that contributed to this mess. We are the problem.

Um, this is a comedy show on comedy central channel and by reading the comments by some, you would think that John S was an investigating reporter or something. As far as I see it, it is the governments fault for allowing this to happen whether Rep or Dem. But I would be pissed as hell if someone told me they would come on my show and them didn't show up. I would make fun of them too. But you people go way to far on this subject and bring too many people into something that just isn't there.

Stewart is the best - last night was a classic - he took out the entire crew of cnbc and reinforced what we already knew. bet we won;t hear any rebuttal from them. This current problem belongs to the republicans, GWB and wall street. All of whom share the blame. If I want to know the truth I watch Stewart, Olberman, Maddow and Fariqu Saquira (sp) GPS on the weekends.

No, John Stewart isn't a financial expert. He never claimed to be. All he did was show clips directly from CNBC and let their own words hang them.

Now as for my fellow veteran, Gary, if you're going to advertise your ignorance, please stop blaming it on your military service. You're making the rest of us look bad.

I love how all the people who think differently from Jon Stewart are trying to diminish what he says as garbage. Believe it or not, Stewart has a point, and while the news clips and sound bytes are a little bit sensational, it's hard to cry foul when you're hearing the crap straight from the horses' mouths.

And yeah, it's a drastic mess. Will a bailout solve it? Maybe it won't, but it's a genuine effort to repair things, and all the Republicans are doing is slinging mud and criticizing it. Maybe they're too aware that they tried to fix things while Bush was in office and his "trickle down" theory didn't work?

And you wonder why 50% of the Obama voters could not tell who controlled Congress, who was the Speaker of the House, and who claimed there were 57 states! (according to the Zogby poll)

Watching Jon Steward is a dumbing down activity!

The Economist described Goldman, Sachs & Co. and other Wall Street firms as overleveraged hedge funds years ago, and many CNBC talking heads (Larry Bossidy is one example) repeated the observation on air. Trying to attack one network - and all its competing personalities - and the financial and business journalism establishment in the procress is an exercise in futitility. Like economists, all they agree on is that they disagree.

What was shown on TDS was a long string of smoking-gun video evidence of years of CNBC and its guests promoting lie after lie about the financial business.

Since smoking-gun evidence like this is not enough to convince right-wing people that the financial business is deeply corrupted, it comes as no shock that the same right-wing people will not admit that it is their conservative preferences that have voted in decades of government that has been overwhelmingly friendly to that business.

Nor will conservative voters admit that thirty years of deregulatory corruption of markets is why the economy is in the toilet today.

Wall Street contributed overwhelmingly to candidates that favored easing restrictions on their business - and that meant Republicans. Yet conservative voters now stare at the Dow and blame its slide on a President in office for two months, ignoring the fact that their own party has been generally in control for thirty years.

Conservative voters are beyond evidence, beyond consistency, beyond honesty and beyond help.

Treat them like children. Pat them on the head, listen to their cute stories and do what adults do: drive the car to where it's gotta go over their protests.

I saw the Daily Show last night and I think the real travesty is that NONE of the NON-fake news shows have reported this. It was a terrific piece of journalism. Stewart played actual segments of Cramer and the rest of the CNBC pundits--in their own words--and let us see how wrong they were--wrong at the tops of their voices, by the way. Why isn't any other "news" outlet reporting this??? That's the big question.

Thats right Rob, its all the evil Republicans fault. The Democrats aren't corrupted by big business or Wall Street. The 8 years of Clinton never happened. The Democrats have not had control of Congress in the last 30 years and while in the minority they always did everything they could for the best interest of the average man. We should treat Republicans like children and shouldn't treat Democrats like a semi-retarded relative who will continuea to repeat himself because he likes what he hears even if it is irrelevant. Both parties are to blame. Which means we the people that continue to elect them and accept their product are to blame.

I think I would go a little crazy if we didn't have someone like Jon Stewart to put Santelli's rant into perspective. Stewart is brilliant and amusing. Great work.

Thats right Rob, its all the evil Republicans fault. The Democrats aren't corrupted by big business or Wall Street. The 8 years of Clinton never happened. The Democrats have not had control of Congress in the last 30 years and while in the minority they always did everything they could for the best interest of the average man. We should treat Republicans like children and shouldn't treat Democrats like a semi-retarded relative who will continuea to repeat himself because he likes what he hears even if it is irrelevant. Both parties are to blame. Which means we the people that continue to elect them and accept their product are to blame.

The REAL problem over the past 20-30 years (and especially accelerated over the past 7-8) is that policies had been put in place (by the GOP and Dems, but mostly the GOP) that said, 'hey, let's not regulate capital too much, let's tax it as little as possible, and the free market capitalism will take care of itself.' Well, the market did take care of itself: namely those at or near the top benefited far more than anyone. It has been documented for the past few years that the wealthy portion of society got even wealthier, while the middle and bottom contracted, even while the economy was growing prior to the current meltdown. Yet I find it interesting that certain people want those same policies that have largely failed to continue.

Somebody needs to tell the Clueless Fool in the White House that at this very moment we have much bigger problems than figuring out how to start free health care 5 years from now. And if he doesn't do something of value soon, free health care will be the least of our problems. Santelli and Cramer speak for those of use who have children, jobs, houses, 401Ks and pensions. It's easy to agree with Stewart with you're a loser with nothing left to lose!

@Jeff:

"I think we all know that if it was not for his agent Stewart would still be doing crap like "Mystery Men" or he'd still be on MTV."

For the record, Stewart was not in "Mystery Men."

Snicker: I love the anti-stimulus crowd. If you are rich, then your pissed that your accumulation of wealth may slow down. If you aren't rich but oppose the main street stimulus you are either compassionless or completely unaware that the investment types have been using you to stay rich while only promising you a taste of it if you just make the "right" plays in the market. Or you might oppose it because some talking head told you to. It doesn't matter which is the case, since these days a lot more real information is out there for you to read and produce better arguments than those posted so far. The "liberals suck" crowd are comical in their ranting defense of people who couldn't give a crap about them. At least the liberals on TV do a better job appearing to care about "us".

@RT:

Yes, dear. Conservatives and Republicans AREN'T the constant allies of business and DON'T always favor deregulation of industry. The voting record of Democrats is exactly as business-friendly as Republicans. Yes, honey, whatever you say.

We're almost done with the car ride. And no, we can't stop for ice cream.

The issue is not Santelli or Stewart--it is Obama's dangerous plans and blowout budget.Yeah,he may be a slick talker but beware and be afraid.

My bad, please substitute "Half-Baked' or "Death to Smoochy."
http://www.imdb.com/name/nm0829537/

You are also correct Bob. It was mostly the Republicans fault. The Democrats' pie in the sky policies such as making home ownership affordable to everyone by lowering requirements and opening up the housing market to overspending by unqualified people had nothing to do with the mess. If only the Republicans would have allowed the Democrat philosophy of subsidising the poor and unmotivated by taking from the rich and motivated, all of this mess could have been avoided.

Mary,
JS is simply pointing out how hollow and useless all that financial advice was that Cramer et al. on CNBC were handing out.

They were at the money party and didn't see the warning signs.
Others did see the warning signs.
Krugman
Stieglitz
Buffett

It's so odd to see Cons. defending the 'Main Stream Media'.

Stewart made these people look like the greedy b@$t@rds they are.

All those nice things you mentioned are being lost by millions of people due to the stupid advice handed out by Cramer and Santelli.

And these two cretins are simply trying to blame Obama; A president that took office after the bus had already gone over the cliff.

It's going to be a hard, hard landing.

"free health care 5 years from now."

Also, Mary,

It won't be free.
No such thing.
We will all pay something.
I would have thought that you, being such a non-loser, would know that.

Beware
Marry smells like Terry

The investors are wealthy whatever-Rush-says-arses, and they also are pragmatic enough to know that they do not know where the bottom is, they are just now realizing that the market may go lower. This is all a bunch of crap cooked up by the Republican party, their rich robber baron wall street overlords and their minion mouth pieces like CNBC's Sic Rantelli.

The Dow is not the economy. It's what a bunch of rich Republican white guy trust fund babies and arbitragers think about the Dow. The economy is Jobs, and the Dow is a bunch of rich compulsive wall street gamblers opinion of the economy.

great episode - it questions the lack of skepticism in today's journalists, of business journalism, of 24/7 tv news, blogs, and unsubstantiated news personalities. If the "Fourth Estate" of society cannot inform and protect people, then why should people continue to purchase the product?

I love it. Does anyone think Jon Stewart does that gig for minimum wage ? At least Santelli's outcry struck a nerve, and so strongly that the only defense was to verbally assault the media. In fact, is not our first amendment our most fundamental freedom? Yeah for Stewart, anything to get rating. But without the Santelli's of the world, you would never have had a job in the first place, that and your home, or that computer b**tching about the 'greedy' tycoons. Don't worry folks, start educating yourself on the history of Jozef Stalin. Get used to it, you cry enough that you would sell your freedom before you innovate. At least Stewart gets the message. But if he really has a bone to pick, disclose what you make Jon, and then come talk to me about how 'normal' or how well you can relate to us. All you critics need to spend time studying history, and how Nazi Germany and Communist Soviet Union formed.

Having read every single post in this thread a very interesting thing emerges. NOT ONE of the people who criticized Jon Stewart and The Daily Show for the anti-CNBC piece cited a single misstatement of fact in it.

Oh, there are many attacks on Stewart, including making fun of his height and his movie career (both things he has himself joked about on his show) but apparently NONE of you can come up with anything incorrect in anything he said about CNBC.

The fact that all you can do in response to a devastating piece of satire is engage in irrelevant ad hominem attack speaks volumes. If you had any bullets, you'd use them. Instead, you're just shooting blanks.

You are now all free to go back to insulting Jon Stewart's lack of height. You'll understand, I hope, that the laughter you hear is at YOU rather than at him.

ted,
Nazi Germany and its war machine was built on private capital.

This makes news? Jon Stewart??? THIS is the problem with this country: When people seriously think they are getting 'real' news (including political) from the likes of Jon Stewart, David Letterman, Seven Colbert, Bill Mahr, and the like. What a sad state for our youth (18-35).
Posted by: Robert J. Reece | March 5, 2009 11:19 AM

The problem with this country is that people like YOU don't understand that people who watch "The Daily Show" understand that it IS a COMEDY show on a COMEDY channel. People don't think they are getting real news from these shows. However, the thing is, is that these shows are reporting on things that actually happen. However, they report it sarcastically and with a humorous slant to demonstrate the stupidity/ridiculousness of our political leaders and "Real" news sources.

It's a comedy show. If it is not your taste in funny, fine, turn it off. But to claim that Stewart is using clips to advantage, or skewing the news for laughs...um, that's the point. He's said it a *million* times that they are not a legit news source, and yet - yet - people who don't get the joke complain about his "tactics" and his "agenda".

Posted by: John Q | March 5, 2009 11:03 AM

Right you are.
Stewart has pilloried the Dems and Obama and liberals many times. It's just that the Repub. appartchiks posting here can't compute that fact.

I find it funny that people are complaining that Stewart only did this for publicity. Umm ... yeah, ' cause that's not something Santelli would do, right? Again, why are you criticizing Stewart and not the "experts" at CNBC, which is part of the awful liberal mainstream media.

"just think that people like me put their lives on the line for sorry people like you.
Posted by: Gary | March 5, 2009 10:33 AM"

Gary,
You should have learned never to trust a capitalist with your life. They are the ones that exploited you in Nam, not us..

"Jon Steward is the worst...there isn't an ounce of credibility on his show.
Posted by: Sam | March 5, 2009 9:01 AM"

WWhhhaaaaa????
Please, show us where he is wrong.
Cramer is an idiot.

THAT WAS ONE OF THE BEST BEATDOWNS OF FAILED REPUBLICAN POLICY AND THEIR KOWTOWING TO THE WALL STREET ROBBER BARONS THAT I HAVE SEEN SINCE LETTERMAN DESTROYED MCCAIN DURING THE ELECTION.

KUDO'S TO JON STEWART - AND AS MICHELLE BACHMAN WOULD SAY - YOU BE DA MAN, JON !!

They are both losers. And so is the American public if they give any credibility to MSM. It is obviously a ploy on the part of the corporations who control the media to scapegoat homeowners instead of the lying, thieving mortgage bankers.

I love it. Does anyone think Jon Stewart does that gig for minimum wage ? At least Santelli's outcry struck a nerve, and so strongly that the only defense was to verbally assault
Posted by: ted | March 5, 2009 8:13 PM
...

teddy,
What difference does it make how much Jon Stewart makes?
And yeah, Sick Rantelli struck a nerve with his insane rant alright - he proved how out of touch Republicans and their rich wall street overlords are with the average American who can hardly pay their mortgage because the rich wall street fatcats were running their business like a casino and were passing out mortgages to anyone because they knew they would get compensated for them and then they could double that compensation by bundling the loans and selling them off to the highest bidder.

Notice how you never heard CNBC's Sick Rantelli bitching about the wall street banks taking bailout money and then using it for bonuses for themselves?

All Hail, Jon Stewart!

Robin,

What made you a less than anyone else? Just how you feel about yourself and laziness, probably.

"Wall Street is mad."

That they aren't getting all of the bailout money.

Santelli is a hack, not because of what he said, no it's because he's too spineless to back it up. Say what you like about folks like O'Reilly, Hannity and Limbaugh but they at least have the guts to stand behind their rhetoric.

That was one of the best beat-downs of a lying right-wing blowhard (Rick Santelli) that I have ever seen, it was right up there with Letterman's beat-down of McCain after McCain blew off his show.
Kudo's to Jon Stewart.

Colbert nailed crazy Glenn Beck pretty good last night too.

let me explain something to all of you.
CNBC had seen this coming. I'd like to think so anyway, but let's assume that they did. OF COURSE, they would tell people to keep investing. Can you imagine if they said, "take your money out NOW"? They are proponents of the market. They know the CEOs for a reason. They're not going to betray their goodwill to help the average joe. They were always going to say keep investing because they need that consumer spending to hold up the market. Without it, the market is done. Remember when the market was at 8000 and they all (literally ALL) said to keep your money in the market? They were hoping people would listen and invest more. They want us to do what would mess us up even more.
Want proof of this? Just now on Fast Money, they had some guy taking about the market. He had just finished saying, "You should keep your money in the market but if you can't pay your bills you're gonna have to take it..."
Before he finished, the hosts cut him off and moved on to another topic.
They know what their doing.

Right Blame Bush, Santelli, and Rush for all that is wrong with America today.

Heard of taking responsibility????

Posted by: Paul | March 5, 2009 9:17 AM

... If ya DID, ya didn't hear it from any of THEM!

What ever happened to performing under an agreement as written? Oh, and let's not weed out the fraudsters who lied on their original application because that might be too much trouble. Why are we rewarding anyone who committed bank fraud with reduced payments and free money?

Posted by: Tired, and not gonna take it . . . | March 5, 2009 11:26 AM

I have to admit I've wondered that, too. Why have I kept up on my mortgage payments and paid down the pricipal as well? Don't I deserve some assistance? If I'd known I was going to get bailed out, why didn't I just default on my mortgage? And why didn't I GO for that extra bedroom or four, or maybe a bigger deck or a swimming pool that would have been really nice but totally unaffordable for me? Of course, then I started actually THINKING, as opposed to just letting myself rant.
.
For whatever ill the assistance might do, whatever bad message it is that people can get "free money," the option of just letting them drown in their own problems does the following:
*The homeowner loses his home and any investment he/she/they might have made in it, and the lender loses a great deal of money through defaulted loans.
*The neighborhood is hurt because of lowered property values, abandoned homes (if the home happens to be anything other than a single family dwelling, add that the remaining owners must make up for the lost assessments) as well as unmaintained properties.
*Abandoned property attracts crime, also affecting the community.
*Although ONE bank failing might not be a big strain on the overall system, a LOT of banks, and especially a lot of BIG banks failing DOES cause a universal problem of huge proportion. No confidence, no money to lend, investments lost, businesses unable to continue (or unable to continue to keep as many people employed as they used to...) and so on. Perhaps you've heard of a bit of this going on?
*Just allowing people to drown in foreclosure and property abandonment, and just allowing banks to fail has a snowball effect in that the more this happens, the more businesses will be affected, causing them to let go of people who, without their jobs, will be unable to make mortgage payments AND unable to pay for goods and services that keep businesses going and employing people....
*IF we bear the ill of assisting a struggling homeowner, whether or not it was their fault they're in trouble, then more people get to stay in their homes and continue to pay for them, albeit taking on some "pain" in the process. Although lenders still have to make concessions, they lose a great deal less money and they don't have to go through foreclosure processes, which are long and costly in and of themselves.
*IF we bear the ill of assisting a struggling homeowner, the community isn't weakened per above, the criminal element is not given a "leg up," and we have a better chance of living in safe, clean neighborhoods.
.
Providing assistance is FAR from my "ideal situation," but unfortunately the "ideal situation" flew out the window a year or so ago and it ain't comin' back right quick. I thoroughly approve of people somehow just MANAGING to live up to their promises, but sometimes you just can't squeeze blood out of a turnip.
.
Certainly, there were people who lied on their application. Don't deny that for a minute. It's the LENDER'S responsibility to check the application and apply good business sense to approving it. For each person who successfully lied on their loan apps, please don't forget there was at least one lending officer who assured a potential signator that they didn't need to bother reading all that small print stuff, or that they didn't need to worry about not being able to afford the payments because -- "LOOK WHERE THE MARKET'S GOING! YOU DON'T WANT TO MISS OUT ON THIS, DO YA??? If you can't afford the payment, all you have to do is put your place up for sale and in a day or two you'll have people bidding up the profit on it, clear to the moon! Don't think -- just SIGN!" In either case, there's clearly parties who haven't done their jobs, and SHAME on them. What's supposed to happen after the cow's out of the barn? Does EVERYBODY just go without milk and boo-hoo-hoo? Or do we all work to make some kind of liveable resolution to it?
.
Certainly not trying to shift the blame here only to the banks. There's plenty to go around. Just trying to look at the WHOLE picture, not just one teeny part of it.

Op109
Good posting.
When we applied for the mortgage on our first home in 1975 it took 6 weeks to approve.

And the best solution would have been for the Fed to start raising interest rates in the 04-07 time frame to damp down the inflationary pressures in the housing market, thus husbanding a soft landing in the industry.

A bunch of you people in this thread seem to fashion yourselves mortgage experts and want to bash Stewart as promoting a liberal agenda, as opposed to making a fair and reasoned comparison of the legitimacy of giving money to homeowners as opposed to Wall Street banks and failed companies.

Well I actually work in the mortgage industry. Meaning, I actually know how all these bad mortgages were given out, why homeowners took them, and why and how banks lent them the money in the first place. Don't try to argue with me on this topic because TRUST ME I KNOW MORE ABOUT IT THAN YOU DO.

Stewart is RIGHT ON. Santelli;s spastic orgy of phony populism was complete BS. Sitting by while taxpayers get bludgeoned by corporate bailouts and then all of a sudden finding an opportunity to express outrage at the thought of "loser homeowners" getting assistance at a fraction of what Wall Street got is disgraceful and I only wish I could have seen Stewart rip that coward to shreds to his face.

But you pseudo-conservatives (not conservatives, because TRUE conservatives are not so full of shit) just blow off anything that does not fit YOUR agenda as Obama Administration kowtowing. The fact that you wouldn't know your head from ass, not withstanding.

http://chaosoutoforder.wordpress.com/

Obama's polling numbers are drifting downward.
Posted by: John D | March 5, 2009 8:14 AM

Will you be returning to planet earth soon?

http://www.realclearpolitics.com/polls/#rcp-avg-904

Matt, I'm not going to argue with you, but as a former senior underwriter I think I'd give you a run for your money. Santelli's rant was idiotic because he has no credibility. Neither does CNBC for that matter. Still I do like the term "loser homeowners."

How often have you watched a politician or broadcaster talk about the "gimmick loans" or "teaser rates" and just wanted to hurl? I'm sorry, an ARM isn't really all that complex and frankly if you're signing what is likely the largest financial commitment you've made to date don't you think you'd want to understand the terms? I always thought stated deals were a mistake, but who did the stating? My underwriters weren't just putting figures in there to satisfy the DTI. The borrowers (granted working with brokers) are coming up with these figures and as long as they were reasonable, we had to accept them.

I'm not saying the country's in the shape it's in because of loser homeowners, but at least take a share of the blame.

The borrowers (granted working with brokers) are coming up with these figures and as long as they were reasonable, we had to accept them.
Posted by: Dave | March 6, 2009 4:05 PM

Seriously, why did you have to accept them? I am really curious.

once again, no one will ever accuse Mr. Stewart of being especially insightful or even very bright. Sad, so very sad...

NBC and MSNBC are immature and don't want to admit their mistakes! They're mad because Jon Stewart showed America how truly wrong they are and more people love and believe The Daily Show than their news, which helped make Americans poor!

Cramer and the whole slew of them on CNBC are crooks. If you don't believe Cramer is a scum, watch him talk about how he manipulates the market. Put the scum in jail. http://www.youtube.com/watch?v=PfC0mE9eVb4

I am so sick and tired of hearing folks like you disparage Santelli about the mortgage bailouts.. He is absolutely right. I live in a 900 sq ft house with my handicap mother. I told my friends the last 3 to 5 years to not buy an overpriced house they could not afford. I gave them more than enough warning.. Now all you folks want to make them out as victims.. Total bull crap.. This country is going down so fast.. My god we are bailing out banks so working folks can walk away from their homes with no deficiency judgment. When do folks like you start supporting us hard working responsible folks.. I just want to know...