Not that The Daily Show isn’t hilarious, but it gets a lot funnier when Aasif Mandvi shows up. Here he is gloating about how India got tech support from NASA and the USGS on the Chandrayaan mission.
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| Deep Space Naan | ||||
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For every Bobby Jindal, there’s one Aasif Mandvi.
Where would we be without self-deprecation?
I realize that The Daily Show is no place to get my news from but Peter Schiff, who was on recently thinks that the worst is yet to come. Maybe, somebody should listen to him seeing that he was pretty much spot on about the current shitstorm as far back as 2006. To top it off, he thinks the bailouts are a huge mistake and that the “fundamentals” really aren’t all that strong.
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| Peter Schiff | ||||
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“The credit crunch is part of the solution. The problem was all the reckless credit that preceded it. You know, when Barack Obama says that credit is the life blood of the economy — he’s talking about consumer credit — it’s not the life blood – it’s the cancer.”
“Massive inflation — which is what we’re gonna get – we’re just gonna destroy the value of our money.”
Such comfort.
[Read more here.]
Like most people, I thoroughly enjoyed Jon Stewart’s drawing and quartering of Jim Cramer on The Daily Show last week. It tells you something about the cultural zeitgeist when a television comedian is the one who ends up taking the mantle of journalism.
The episode, despite being immensely uncomfortable to watch, was catharsis in many ways. It was also refreshing to see Stewart finally come down on Cramer (unfortunately, a scapegoat for the real problem – financial news networks) in an expletive laden interview/skewering.
But isn’t that part of the problem? Selling this idea that you don’t have to do anything. Anytime you sell people the idea that sit back and you’ll get 10 to 20 percent on your money, don’t you always know that that’s going to be a lie? When are we going to realize in this country that our wealth is work? That we’re workers and by selling this idea that of “Hey man, I’ll teach you how to be rich”…how is that any different than an infomercial?
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I gotta tell you. I understand that you want to make finance entertaining, but it’s not a fucking game. When I watch that, I get, I can’t tell you how angry it makes me because it says to me, “You all know.” You all know what’s going on. You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG and all this derivative market stuff that is this weird Wall Street side bet.
How come journalists back in India never hold our politicians’ feet to the fire like Stewart did?
(PS: I did feel sorry for Cramer.)
“Volatility frequently occurs when everyone suddenly realizes that the stock market’s just a consensual mass delusion based on fictitious valuing of abstract assets. It’s like finding out Santa Claus is real because you catch him robbing your house.”
