“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Wednesday, January 5, 2011

CNBC's "Big Brother" Media

We don't need to wait for a government-controlled media to see 'Big Brother' style media in action.

Simply watch CNBC.

The network seems to be aiming to make mediocrity its watchword. Consider this morning's program.

For two hours, upward failure Jon Corzine was a guest-host. Constantly referred to as "Governor," Corzine primped and opined with an assumed wisdom which belies his actual record.

Originally a Goldman Sachs bond trader, Corzine first stumbled by trying to take the firm public when co-running the place. Although many outside the finance world don't understand, Corzine was deposed by his partners, who subsequently sold the firm to the investing public for much more than Corzine wanted, via an IPO.

From this failure, Corzine moved to ape New Jersey Senator Frank Lautenberg, promptly buying the next Senate seat up for election. Eventually tiring of serving in the minority, Corzine again showed his awful sense of timing by leaving the Senate to buy the NJ governorship just before the Democrats retook the upper chamber in Washington. So instead of chairing a Senate committee, Corzine ended up with the real headache of wrestling with the finances of his dysfunctional state. He lost re-election this past November.

Why anyone would invite this clown onto a major business cable television program is beyond me.

Joining Corzine, for 'balance,' for one segment, was Howard Dean, the failed Democratic presidential candidate.

Corzine sagely nodded his bearded head and tut-tutted over incoming House Speaker Boehner's being advised by this mornings lead staff editorial in the Wall Street Journal to lay the basis for a GOP president in 2012. Dean continued his mad-dog, illogical ranting on higher taxes.

For his part, Corizne, who claims to read the WSJ, evidently missed this editorial, and went on to claim that deficit reduction just has to include hefy tax increases- there's no other way!

You might ask yourself what a business network is doing using explicitly political icons- failed, at that- on its lead morning program? Good question.

If analysis of governmental actions and their impacts on business were the point, surely there are less-partisan, more qualified guests/hosts.

Who needs a government-run media when CNBC does the job so nicely in the private sector? Thank God you can also watch Fox News.

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