Stewart ignites populism against CNBC
Jon Stewart reflected on Rick Santelli’s rant against Obama on the floor of the Chicago Mercantile Exchange. Jon Stewart noted the hypocrisy of NBC host who trumpeted bailout for banks but frowned on help for home owners.
A report in Playboy that was later pulled suggested that Santelli’s rant may have been planned and coordinated with right-wing group FreedomWorks. Online reporters Mark Ames and Yasha Levine offered an explanation:
“There has been a lot of speculation as to why Playboy removed our original article from its site. Let us put it this way: When you look at the fallout from our article — FreedomWorks admits its role in the teaparty, Santelli issues a giant lawyer-penned opus about how he loves Obama, and CNBC (whose parent company is the megaconglomerate General Electric) frightens a bunch of Astroturfing Web sites into dropping Santelli’s name and into revealing their own PAC sponsors — then it’s clear we hit the bull’s-eye and stirred up the wrath of a very scary monster.
“Given all of this, it would not be unreasonable for one to consider the possibility (as many have) that the multigazilliondollar megabeast GE threatened the much smaller independent media company Playboy with a terrifying and expensive lawsuit, which, given the current financial crisis, is not something anyone but another GE-sized megabeast could cope with. ‘Nuf said on that.”
This video is from Comedy Central’s The Daily Show, broadcast Mar. 4, 2009.