Tuesday, October 27, 2009

CNBC Favoring Obama?

I closely follow the goings on on the corner of Wall and Broad in Manhattan, and as such, have a monitor on CNBC throughout the day. I think they do a very good job, from watching the markets to the production of a tremendous slate of documentaries and for the most part, have an excellent group of anchors and reporters.

Unfortunately, the evidence is mounting that CNBC, with Obama corporate partner General Electric as their parent company, has taken a hard left in the presentation of their programming, and this is not good.

A race for Governor of New Jersey produces a case in point. Larry Kudlow, who is fabulous, presents commentary on information the race is over based on polling on Monday nights Kudlow Report.




Over on FOX & Friends this morning, the lovely Gretchen Carlson has an interview with Republican candidate Chris Christie and presents polling which show Christie with a slight lead.



Who is right? Rasmussen polling, the recognized leader in polling, has Christie slightly up, so go figure! So, is CNBC reporting way off or is there a bias in presenting Dave Corzine, the Democrat and Obama backer, ahead? Seems obvious to me.

Want more? Recently, on CNBC's Fast Money, commentary about the policies of Obama was squelched. Charles Gasparino, a stout reporter who is quite aware of his skills, was nudged (did you get the Cass Sunstein pun) by host Melissa Lee to button up when speaking of Obama. Take a listen:



If CNBC thinks traders are not cognizant of the anti-capitalistic policies of Obama and how they will effect the earnings, and composition for that matter, of traded companies going forward, they are completely misinformed. Furthermore, to muzzle a correspondent making this commentary, points to an internal bias.

Increasingly lengthy face time for anti-capitalist far left progressive power brokers like Howard Dean and John Podesta is one thing, but efforts to curtail those attacking the policies of Obama, particularly on the home court of CNBC where economics and finance rule the day, will push FOX Business Network straight to the top!

1 comment:

Cap'm said...

Good stuff BAHL, they can't divorce the trading and the politics.