Jon Stewart is angry at Rick Santelli and CNBC
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Stumble ThisRick Santelli cancelled at the last minute - and Jon is obviously pissed. He goes off on Santelli and CNBC in one of the best pieces of op/ed TV journalism I've watched in a while
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Daily Show,Melt down,economy Jon Stewart is angry at Rick Santelli and CNBC
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*doublepromote, this is amazing stuff.
>> ^rasch187:
I always knew you were a whore, just like the rest of us
doublepromote, this is amazing stuff.
Instead of going for real "change" we're putting band-aids on the whole situation. Yes, real change would probably make things worse (potentially alot worse) for a couple of years before they'd get better, so that seems to be out of the question since every god damn politician only cares about being re-elected. That's another flaw in the system that has been around forever.
Dag, you should make the best of it and get your hands on some bailout money. I'd have no problem with tax money being used to save the Sift.
A lot of people should be stood against a concrete wall and shot, but I'd settle for them spending a few years in the slammer.
This might be a blessing in disguise.
We might be able to install a system where we don't have to wait for a bunch of rich guys to do something that needs to be done just so they can get richer.
Money is an illusion.
This is one of the best pieces I've seen on the financial crisis. It's amazing how the financial institutions lied to the public every day on the way down.
I think you're confusing financial institutions with television. Ever stopped to think that NBCs own interests played into their reporting? Don't believe everything you see on TV, I think that got you into this crisis in the first place. It never seizes to amaze me how people in the US seem to think that the TV is here to do their thinking for them.
Oh and I'm fed up with the glorification of the Daily Show. Jon Steward is nothing more than a jester, he's only here to make jokes. He's not gonna change anything, yet people are so glad he's here and won't let people get away with anything. People should turn off their TVs and support a real voice of descent.
Then don't watch the show.
Jon Stewart is a comedian first. TDS is a comedy show. It's aired on Comedy Central. It's goal is to make people laugh. He and his crew do a great job at it. Even when he has someone serious on it he still tries to make jokes. If you look at him as being just a talk show host then you miss the point of the show.
As a side effect his show enlightens people because it shows a view of current events that the news media does not. He shows the truth of a subject matter (except for the "special reports") and then makes fun of it. Because of this formula his show has gained a lot of notoriety and credibility with many people.
If you don't even understand the simple fact that AIG is a fucking global company with interests in every corner of this planet, Headquarters in London, Paris and Hong Kong, then you really need to stop lecturing us.
The last time I checked, the US isn't the only one who's fucked right now. Brown just stated that the UK Gov will now start printing money to bail out their own institutions. Germany's productivity is down over 20%. Brazil is down over 60%. And you're acting like it's us Yanks who are just too stupid to turn off our own televisions?
I DONT EVEN HAVE CABLE
And FYI: Us yanks do understand one thing that you obviously do not. People like Cramer, Santelli, Kudlow and many others on CNBC and elsewhere have vested interests in the stock market, and the revolving door that is K-Street/TV punditry/Politics is the nexus that continues to fuck us all over.
So stop your self-congratulatory nonsense. And if this is the last time I hear some delusional statement like "everyone in the US seem to think the TV is here to do their thinking for them" it's still too fucking late for me to not think you're an offensive, self-important fool.
>> ^campionidelmondo:
>> ^Lodurr:
This is one of the best pieces I've seen on the financial crisis. It's amazing how the financial institutions lied to the public every day on the way down.
I think you're confusing financial institutions with television. Ever stopped to think that NBCs own interests played into their reporting? Don't believe everything you see on TV, I think that got you into this crisis in the first place. It never seizes to amaze me how people in the US seem to think that the TV is here to do their thinking for them.
Oh and I'm fed up with the glorification of the Daily Show. Jon Steward is nothing more than a jester, he's only here to make jokes. He's not gonna change anything, yet people are so glad he's here and won't let people get away with anything. People should turn off their TVs and support a real voice of descent.
volumptuous: No you don't solely own the crisis as americans, but you own a big fucking chunk of it. I have yet to see anybody own up to that responsibility though. It's all too easy to put all the blame on the big scary cooperations, "those fatcats in Washington". Instead, people in the US should look at the lifestyle they've been living. A lifestyle that's waaaaaay over their budgets. They've been living on money they don't have, continuously borrowing more and more. Hey, everybody should own a house, two cars, a big fucking screen TV right? Let's worry about the consequences tomorrow. Well, tomorrow's here and it ain't looking pretty.
Also, don't change what I've said and then put it in quotation marks, that's lame...
>> ^volumptuous:
I'm pretty fucking fed up with this blanket generalization of us Americans. We don't own the patent on stupid, and we don't own this fucking crisis on our own.
If you don't even understand the simple fact that AIG is a fucking global company with interests in every corner of this planet, Headquarters in London, Paris and Hong Kong, then you really need to stop lecturing us.
The last time I checked, the US isn't the only one who's fucked right now. Brown just stated that the UK Gov will now start printing money to bail out their own institutions. Germany's productivity is down over 20%. Brazil is down over 60%. And you're acting like it's us Yanks who are just too stupid to turn off our own televisions?
I DONT EVEN HAVE CABLE
And FYI: Us yanks do understand one thing that you obviously do not. People like Cramer, Santelli, Kudlow and many others on CNBC and elsewhere have vested interests in the stock market, and the revolving door that is K-Street/TV punditry/Politics is the nexus that continues to fuck us all over.
So stop your self-congratulatory nonsense. And if this is the last time I hear some delusional statement like "everyone in the US seem to think the TV is here to do their thinking for them" it's still too fucking late for me to not think you're an offensive, self-important fool.
I'd have to agree with him on that last point. F You, to all the big corporate scumbags who care more about their wallet and their shareholders then the well being of the worlds economy.
This isn't a US issue or a British issue or any other national issue. Today's market is a world market. When asshats like this guy pull their stunts, they aren't hurting just one country, but every 1st world country.
And the guy above me is correct as well that people need to stop living beyond their means. This is something that started in the 80's and just kept rolling on to the troubles we have today. But to suggest it's only Americans who have done this is absurd. There's no denying that it was a trend we started, with our country being nearly wholly consumption based, but the trend has since spread, known as 'the American lifestyle' around the world.
People have idolized the rich and stupid for to many years now while spending $500 on a purse instead of paying their bills, running up thousands in debt through credit cards etc. The so called 'greatest generation' has a lesson to teach on wise spending and saving and I hope that if this crisis does anything, it does just that.
But note that big business is behind even that. For three generations now corporations have pushed spending as a lifestyle. You cant go anywhere, even in your own home without being inundated with messages (most in the form of the commercial,) to spend, spend and spend so that 1% gets richer and richer. Eventually that was going to spiral down and it finally has. I just hope, as I said above, the lesson is learned or it will just happen again.
How is it my sister's fault that she and her husband just lost their entire 401ks? Is it because of her bigscreen (10 yr old, 22") TV, or her fancy (2 bdrm falling apart) House? It must be because she's an idiot right? It's definitely not because of that "scary corporation" called GM who they've worked for the last 20+ years.
Your catch phrases of "big screen TVs" and "two cars" shows you have little grasp of what has happened and what's been happening. Then you toss on the go-to of how Americans are stupid. Nice one.
It seems the one who's getting all of his information from the teevee is you.
And I have yet to see anyone say John Stewart should run for president. This straw man is so transparent it makes my head spin.
And btw: I'm sure most of the sifter-yanks here are very smart people. The one's that I've personally met certainly are. So you're really talking to the wrong crew.
>> ^campionidelmondo:
lpgas: I wasn't trying to rant on TDS or Jon Steward. He's very good at what he does. I wasn't saying that people who enjoy TDS are idiots. I've enjoyed it for many years and even though I can't really watch it on a daily basis or anything close to that, I still enjoy watching the occasional episode. The problem is that people start thinking things like "Oh that Jon Steward should run for President" that makes me want to slam my head into the wall. If you turn to Jon Steward for political leadership you must be really fucking lost.
volumptuous: No you don't solely own the crisis as americans, but you own a big fucking chunk of it. I have yet to see anybody own up to that responsibility though. It's all too easy to put all the blame on the big scary cooperations, "those fatcats in Washington". Instead, people in the US should look at the lifestyle they've been living. A lifestyle that's waaaaaay over their budgets. They've been living on money they don't have, continuously borrowing more and more. Hey, everybody should own a house, two cars, a big fucking screen TV right? Let's worry about the consequences tomorrow. Well, tomorrow's here and it ain't looking pretty.
Also, don't change what I've said and then put it in quotation marks, that's lame...
BTW everyone, how's this for American:
You know what pisses me off more than the bailout? Comedy Central's completely F-ing ridiculous video player. This player is the biggest piece of crap on the internet. I can't pause it and let the whole thing buffer so I usually just get about 15 seconds of good video, then the rest comes in two second increments, then the whole thing craps out.
If I could just work my dehumanizing but still overpaying job and go home and watch the Daily Show in peace, then I wouldn't have to care about anything. Now I have to pay attention to the world's problems.
http://watch.thecomedynetwork.ca/#clip145169
Ok, enough "catchphrases", how about a statistic?
"The most recent Federal Reserve study showed that 43% of U.S. families spent more than they earned. On average, Americans spend $1.22 for each dollar they earn."
If you don't see how that's gonna come back to bite you in the ass then you're beyond saving, sorry. That statistic is probably a little dated, but I bet it has only gotten worse.
I don't doubt that there are smart americans on this site. I'm not saying that the average American is an idiot. I know quite alot of Americans personally, and very few of them are idiots. What I am saying is that in light of this crisis, people should examine the lifestyle they're living and the choices they're making. For 43% of Americans this is something that has to be done. However, I'm not making any excuses for the CEOs or politicians, I'm just saying that the Average Joe isn't neccessarily innocent either.
>> ^volumptuous:
Obviously if you think the American public is who's to blame for the ponzi schemes, 30-to-1 Hedge's and sub-prime CF, you know nothing about economics or Wall Street regulation.
How is it my sister's fault that she and her husband just lost their entire 401ks? Is it because of her bigscreen (10 yr old, 22") TV, or her fancy (2 bdrm falling apart) House? It must be because she's an idiot right? It's definitely not because of that "scary corporation" called GM who they've worked for the last 20+ years.
Your catch phrases of "big screen TVs" and "two cars" shows you have little grasp of what has happened and what's been happening. Then you toss on the go-to of how Americans are stupid. Nice one.
It seems the one who's getting all of his information from the teevee is you.
And I have yet to see anyone say John Stewart should run for president. This straw man is so transparent it makes my head spin.
And btw: I'm sure most of the sifter-yanks here are very smart people. The one's that I've personally met certainly are. So you're really talking to the wrong crew.
Those damn Americans and their big-screen TV's forced European banks to evade their capital requirements!!
Be prepared for the ECB and the European financial system's house of cards to start falling. The CDOs and structured credits are about to collapse on you.
http://paul.kedrosky.com/archives/2008/09/30/how_the_us_save.html
These were boardroom swindles. They knew Bush and the SEC would look the other way and they took all that they could while the getting was good.
This crisis is not about Americans living beyond their means: it's about the bankers, the sellers, and the speculators robbing us blind because they knew that the fox was guarding the henhouse.
the markets were manipulated. perhaps let the forensic analysts put together a narrative... and obviously, the person is going to be rich?
this is real terrorism...this would be a great way to fight your "enemy"... somehow got in cahoots with people who control vasts moneies/resources and have similar ideology... understanding how to manipulate the market takes less time then blowing up the country physically. (apparently)
it's greed and fear, either way... and i just dont have any money anyway so i can only not be afraid and not be greedy... and want to educate myself. thats a good place for anyone to start i think.
rich men will end up needing comforts that cant be bought.
>> ^Lodurr:
This is one of the best pieces I've seen on the financial crisis. It's amazing how the financial institutions lied to the public every day on the way down.
I think you're confusing financial institutions with television.
I wasn't talking about the news anchors, but the top company execs they had on their programs saying everything was fine.
The other two segments of the show can be found here:
http://politics.videosift.com/video/TDS-The-Dow-Knows-All
http://politics.videosift.com/video/TDS-Joe-Nocera-Explains-AIG-Scam
</whoring>
Probably an Emmy-winning show. Colbert will get to shake his fist at Jon again next year.
a recent poverty study i read had the stats for what it costs for different family sizes to live in specific areas of my state.
a single parent, 2 child home in fort worth, tx needs to make a minimum of $38,000 + change to make sure basic needs are met..... now how many single moms do you know that make at least 38k/year? im a single mom with 2 kids and a college degree and just barely started to crack the 38k mark last year. i barely hover it. that means i can afford all the basic necessity, but if an emergency comes along, were fucked. but somehow we manage.
20% of the kids living in poverty in texas come from homes where all the adults in the house work. the industries of economic growth in texas are low wage employers, namely walmart and construction.
dont talk about 48% of americans living beyond there means without talking about how many of those americans can actually earn enough to meet their needs.
oh and how many of these giant faceless industry were talking about employ 100,000 of people and dont pay them enough to make their ends meet? but as long we have a job right?
fuck all of these people.
I'd love to see a clip where what Jon says now, and what he has said in the past is spliced together just as he does on the daily show. Probably would instill in others what I already see myself.
If I saw Jon Stewart being mugged in a dark alley by someone who just lost their job or home, I would probably keep walking by without saying a word.
Yeah, because it's all his fault....
Stewart has been very consistent.
So have you, stellar, but in a very very different way.
>> ^rougy:
I don't want to rag on you, Campion, because you make some good points, but the "average American" had nothing to do with this mess.
Maybe "hope" isn't quite as reliable as science?
>> ^volumptuous:
How is it my sister's fault that she and her husband just lost their entire 401ks?
I wonder what your life would be like with an extra $15,200 a year? It would be as if you had a $25,333 raise, bringing your salary to well over $63,333. That is the life you could have, if it wasn't taken away from you every year.
>> ^peggedbea:
a single parent, 2 child home in fort worth, tx needs to make a minimum of $38,000 + change to make sure basic needs are met..... now how many single moms do you know that make at least 38k/year? im a single mom with 2 kids and a college degree and just barely started to crack the 38k mark last year. i barely hover it. that means i can afford all the basic necessity, but if an emergency comes along, were fucked. but somehow we manage.
We also have free medical for everyone and an expanding middle class. I'm very happy to pay the extra taxes because it means I get to live in a society where generally people are not hungry - or stressed because they had to have an MRI scan and it made them bankrupt.
Those generalised benefits flow on to me every morning when I sit next to someone on a city bus and every morning when my kids go to the local public school and are surrounded by well-adjusted, well-nourished neighbors.
Higher taxes to help your fellow citizens is not a bad thing - you could even say it's the Christian way.
It certainly beats the prevailing conservative (and libertarian) view of "the lord helps those who help themselves" that can be restated as "fuck you, I've got mine".
Objectivism says it's immoral to be altruistic, but it's just not thought through - when I'm weak financially I can use all the help I can get, and when I'm strong financially I can sacrifice a bit to make up for what I needed (or will need) when I was weak.
The problem with the American tax, as I see it, is that you get very little for it. We pay much more in tax - I pay about 40 percent, and that's minimum (it's a progressive tax, so those who earn more pay a larger %) and I get quite a lot for it. If all the money the country "earns" from taxes goes to, for instance, foreign occupation and the military, no fucking wonder people want tax cuts.
the problem with the american health care system isnt completely economic anyhow. there is a culture of abuse in our attitudes towards health. i am certainly not saying this applies to all americans. but i have spent the last 7 years of my life working in an ER and watching the system be ritualisitcally abused, mostly by people ignorant of how to treat or prevent minor illnesses without jacking up a $10,000 ER bill or by dr's needing to make some extra money and ordering needless exams. or by the hospital administration saying "we want to buy a new MRI, order more MRI's so we can justify it!" oh, also when you earn less than you need to take care of yourself, diet, exercise and preventative applications fall by the wayside. its far cheaper to eat cheetos and frozen pizza than it is to eat fruits and vegetables. hooray obesity related illnesses! and besides think of all the money there is too be made off of diabetes and blood pressure medication. and in every town some dr is making a killing off bariatric surgery. fuck it, lets eat our way out of this mess. its time we experimented with an economy based in potato chip and lipitor sales.
They way I figure it, the average tax-paying American owes ($65,000,000,000,000/150,000,000) = $43,333 on top of whatever private debt they already have; which for many many people, who own a house, is somewhere in the neighborhood of $150,0000. When you have a nation full of people in debt somewhere between $43,333-$193,333+, in what sense can the average American be said to have nothing to do with this mess?
The average American had nothing to do with creating this mess. I know that Milton Friedman Fan Boys like you are not renowned for their ability to read between the lines, but I thought even you would understand that, steller.
I see no reason to listen to a word you say, and it is anything but scientific. It's as scientific as learning the rules of the game "Monopoly" inside and out, then acting as if that were the only board game in the world. It's just another expression of your narrow point of view, which is that of s square peg carefully honed to fit a square hole.
Our country, and by extension, the world are in big trouble right now. Guess who got us into it? The bankers, the capitalists, the people who are supposed to have all the answers and all of our best interests at heart.
You are arrogant in regards to your abilities, and insensitive in regards to the suffering of others. It is people like you who got us into this mess. It is people like you who could always rationalize giving themselves giant bonuses even after their businesses lost money and laid hundreds of people off. And the bonus was for retention, because God knows we just couldn't make it without people like you keeping your jobs.
I'm guessing you lose something like 40% of your income to taxation after federal and state income tax, sales tax, social security, medicare, property tax, gas tax, etc. which brings your actual net income to only $22,800. With your two kids, thats only $7600 a year per person, or $633 a month.
I wonder what your life would be like with an extra $15,200 a year? It would be as if you had a $25,333 raise, bringing your salary to well over $63,333. That is the life you could have, if it wasn't taken away from you every year.
Just remember, that would also mean that for the last 200 years, the United states wouldn't have spent a dime on national defense, courts, law enforcement, fire fighters, roads, bridges, health and safety standards enforcement, public schools, college scholarships, medical research, social security, or disaster warnings and response.
So yes, you might have $15,200 more each year , but something tells me that private organizations wouldn't have provided those services for free to everyone.
Imstellar, I think conservatives have a decent argument when they say that perhaps private industry could have provided those services more flexibly and with less cost, but when they pretend that tax money is just being vaporized as it's collected, they just undermine their own credibility.
>> ^imstellar28:
If I saw Jon Stewart being mugged in a dark alley by someone who just lost their job or home, I would probably keep walking by without saying a word.
When they say crap like that, it makes me question their humanity.
The real problem is spending. The government needs to spend less. You can argue that we need all these services and projects (e.g., education, law enforcement, roads, military, etc.), but at some point a line has to be drawn on spending for those services and projects. Just because you say we need them shouldn't give the federal government an open and endless check to spend on them, right? We're in a recession and Obama is committing to almost 9 trillion in spending.
[edit] Also, I think it's important to note that Bush, the "conservative Republican", did more than any other president before him to increase the size of government and government spending. I fear Obama will do even more.
I disagree, however, with the idea of spending that money elsewhere. We're in a recession, and we all need to keep more of our money - we don't need to spend more.
Playing a little loose and fast with Christianity are we?
>> ^dag:
Higher taxes to help your fellow citizens is not a bad thing - you could even say it's the Christian way.
Jesus, as I have read him, was written as saying "help thy neighbors" not "force thy neighbors to help thy neighbors."
Playing a little loose and fast with Christianity are we?
>> ^dag:
Higher taxes to help your fellow citizens is not a bad thing - you could even say it's the Christian way.
Stellar, you think you're the only person in the world who does any work, don't you?
Funny of you to criticize a Christian tenet when you have yet to say anything that would demostrate your humanity, lest of all your religious preference.
If you really want to be a big man and do it all yourself, you should buy a boat and live at sea, because short of that, you're just compromising yourself and being a pain in the ass.
Maybe "hope" isn't quite as reliable as science?
Straw men much?