Mainstream media (MSM) is on the decline and perhaps there was no better explanation than what happened on the Daily Show this week.With the global economy still in a nosedive, none of the traditional journalistic media (television, radio or newspapers) have gone after those whose short term get-rich schemes blew-up and brought down the economy. In fact, many MSM outlets were complicit by convincing the public that the economic 'bus' was in great shape, when they should have seen that it was heading over a cliff.
Why did it take a comedy news show to express the outrage that the public feels toward both those who created this crisis and those who helped them?
What was really surprising about the beating that Jim Cramer (poster boy for the complicit MSM financial news outlet, CNBC) took this past Thursday from Jon Stewart, host of the Daily Show, was his total inability to defend his actions. This strongly suggests that many people, like Cramer, knew all along that the cliff was ahead, but decided to party on regardless.
When the New York Times is in a position where they are giving front page coverage to an example of exceptional journalism on a comedy news show, I'm thinking that the MSM has just jumped the shark.
Photo Credit: Associated Press. Daily Show (Comedy Central Channel), March 12, 2009. Left to right: Jim Cramer, Jon Stewart.
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