Stewert-vs-Cramer

[bitterwind]

Journalism has both expanded and contracted in recent years. We have papers, blogs, 24 hour news channels ... but for everything that is said, the biggest story of the economic risks went largely unreported, even undiscovered. I think it is a very fair question to ask why so many people whose jobs it is to ferret out the truth managed to

Comments

[themage]

I'm just wrapping up watching it all, and it is truly worthwhile television. John Stewart does awesome credit to journalism, not mere comedy. To be honest, I can't think of the last time we saw real questions asked on American TV. It was really pathetic to listen to Cramer make excuses like "we were lied to" and "we're trying really hard". Nixon wishes that journalism had reached this low 40 years ago.

[bitterwind]

I agree. The "we were lied to" defense is just mind-boggling to me ... everything a CEO says these days comes through layers of well-trained PR filtering to ensure that an impression is left in the mind of the listener that can be denied as a misunderstanding if you re-examine the text. It's not just lies, it's outright unrepentant sociopathy. Anyone who doesn't fight back against it is doing an infomercial not an interview.

I'd like to see a dramatic reinvention of capitalism after this debacle, but there's a huge amount of pressure to just put everything back to the place it was before the collapse, cross our fingers, drink the kool-aid and hope it was just a fluke and not the inevitable result of a deeply flawed system.