William Chirolas -- World News Trust
March 14, 2009
John Stossel & CNBC both ignore economic facts that contradict their nonsense, and never report anything that might harm the rich and corporate, like a fair Stossel report on single-payer health -- Canada style -- that only changes who is paid by the taxpayer and who then takes the money and pays for the service.
Stossel prefers health care rationed by how wealthy you are or by what service must be denied so insurance companies and their CEO's can increase their wealth 15 percent each year.
CNBC stopped being a network looking after all the people's interest and is now only looking after the rich 2 percent. Jim Cramer told Jon Stewart that his relationships with top executives at Bear Stearns may have contributed to his feelings about the company. The incestuous relationships between CNBC and corporate executives is what keeps the network on the air.
CNBC and Stossel earn their money by presenting corporate spin as truth. The media is betraying the public if they pretend to be unbiased and independent, but in truth are in bed with business or the government, or the party of the rich and corporate -- the GOP.
I await the moment the sad case of GOP/rich/corporate-lover Rick Santelli, blaming homeowners who were more or less duped by bankers, as if he or CNBC were not culpable, or Stossel -- bailout no one, just watch the bust and enjoy the system -- perhaps the ultimate libertarian?
Amusingly, the only good thing on CNBC is a non-Wall Street worker, non-economist, but leader of the team of Wall Street Journal reporters awarded the 1999 Pulitzer Prize in the international reporting category for in-depth analytical coverage of the Russian financial crisis, journalist Steve Liesman, a fellow you will not find on the Kudlow web pages "panel of experts" that are regulars on his show.
The whole corporate media, ABC included, is a sell-out to the Board Room rich that run their corporations -- and that is why they are afraid of a law that would demand they air all sides of any local or national issue -- the so-called “fairness doctrine” -- preferring that the rich decide when “all” sides of an issue are “adequately” represented.
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William Chirolas brings 40 years of real-world business experience in local, state, national, and international tax, pensions, and finance to the world of blogging. A graduate of MIT, he calls the Boston area home, except when visiting kids and grandkids.