Friday, March 4, 2011

Jon Stewart’s Epic Takedown of Fox Business

Yesterday, Jon Stewart did one of his best segments he has done in the past few weeks. “Crisis in Dairyland-For Richer and Poorer” Exposed the inconsistency in the views of Fox Business hosts on Wall Street Bankers and Teachers. According to Fox Business host Eric Bolling, teachers who make around $90,000 a year in salary and benefits are making a lot of money while a Fox Business contributor thinks those making over $250,000 a year are, “near poverty”. It also contained Fox Business’ own ridiculous comparisons between Wall Street Bankers and public school teachers. Jon ends the segment with the hypocrisy of Tracy Brynes, a Fox Business contributor, who believes that contracts for Wall Street Bankers are sacrosanct, whereas contracts with public school teachers are not.

All of this supports the allegation that Fox Business is more about providing another platform for right wing talking points than providing useful investing advice.  In fact, Media Matters has documented countless examples of Fox News and Fox Business anchors injecting right wing talking points into their supposedly objective reporting of the stock market.

Wonderful work TDS (The Daily Show). You set the standard high for media criticism, and I look forward to the future commentary on your “comedy show.”

Originally posted March 4th, 2011

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