BannerFans.com
« »
Sep
03

MSNBC Is Apparently Against Free Market Economics

By J. Edward Nelson
AP - Lawrence O'donnell, frequent contributer on MSNBC

AP - Lawrence O'donnell, frequent contributer on MSNBC

 

The August 7, 2009 episode of MSNBC’s the ED show, in which Lawrence O’Donnell guest hosts and interviews Euro Pacific Capital CEO and free market economist Peter Schiff, is as shameless a display of a program host perpetually interrupting a guest as I have seen since…Chris Matthews interviewing ANYONE who disagrees with increased government involvement in the health insurance industry.

 

The “discussion” between O’Donnell and Schiff began on August 6th when both were guest panelists on Morning Joe, a morning news program also on MSNBC (in my opinion the set-up for this apparent hit piece). The eight minute interview between the two on the ED show centered around the economy and health care reform.

What made this interview beyond ridiculous for me – aside from the lack of professionalism displayed by O’Donnell, which made the segment difficult to watch – was doing a Google search on the backgrounds of guest and host. The closest thing O’Donnell has in his background pertaining to economics, business or finance is being the most senior staff member of the Senate Committee on Finance for three whole years.

To say that Schiff’s background is more extensive is an understatement: a degree in finance and accounting from UC-Berkeley, over twenty years working on Wall Street with thirteen as the CEO of a brokerage firm, as well as predicting in 2003 the U.S. housing and sub-prime mortgage crises and overall economic meltdown which occurred in the fall of 2008.

America has deteriorated into a society in which the more ignorant among us are encouraged to make fun of the ideas of the more learned among us, and we have the temerity to refer to this idiocy as entertainment.

Growing up, my father used to constantly refer to television as the “idiot box;” in retrospect, his words were rather prophetic.

You would think that an economist with Schiff’s foresight would be afforded far more respect by MSNBC as a network.  Particularly when government officials and many Americans who watch that particular show, and were blind-sided by the economic meltdown, could certainly benefit from his expertise – as our economy “limps” back to prosperity – as opposed to being set-up for a hatchet job.

My advice to O’Donnell is the very same advice my parents bestowed upon me as a young boy, “keep your mouth closed when grown folks are talking.”

The more I watch MSNBC, the more it seems like this network’s program directors do not especially care for the concept of free market economics, nor its proponents.

 

  • Share/Bookmark

If you enjoyed this post, make sure you subscribe to my RSS feed!

Blog Traffic Exchange Related Websites
  • college_tution_savingAlternative Strategies for Saving on College Tuition Mr. ToughMoneyLove is a regular critic of colleges and universities. There is lots of hard truth to be spread about the deficiencies in our system of financing higher education. First, many colleges are what one writer has called failure factories because they graduate so few of the students who attend.Â...
  • blog traffic exchangeWhy Google Adsense Still Rocks Today Google Adsense pays out hundreds of millions of dollars in commissions every year with their affiliate program. This in spite of the fact that it has been around now for several years and continues to profit and do extremely well. Why is that? 1. First of all this is Google......
  • economic_loserCan We Have an Economy without Losers? I'm getting the feeling that our government is trying to design an economy in which nobody loses.  Is it possible to have an economy without losers? I don't think so.  Despite President Obama's attempts to transform what was a national credit party into a government rescue party, every...
  • economyWhat To Watch On The Economy Throughout The Rest Of 2011 A guest Post from Kevin - I’ve been an econ-junkie now for 3-4 years. Sure I have been into the markets and the economy essentially since I graduated college back in 2005, but since the economic meltdown of 2008, I can’t get enough. I was determined to understand what happened......
  • Peter Schiff's New Book: (1) The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Markets are Down This is going to be the first of a series of posts about Peter Schiff's new book (well, it was new in 2008), The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down. Peter D. Schiff is an independent market......

Comments

  1. “America has evolved into a society in which the more ignorant among us are allowed to make fun of the ideas of the more learn-ed among us, and we refer to this idiocy as entertainment.”

    yeah…pills are easier to swallow with “water” i guess.

Leave a Reply