“Apparently Rick Santelli,” said Mark Silva in the Chicago Tribune, “should have shown up on The Daily Show.” Instead, Santelli—famous for his rant on CNBC against President Obama’s mortgage bailout plan—canceled, and Daily Show host Jon Stewart took Santelli and his cable business channel apart by replaying a long series of horribly wrong predictions by CNBC commentators. (Watch the video)
Jon Stewart’s savaging isn’t “entirely fair,” said Verne Gay in Newsday. But, unfortunately for CNBC and Santelli, it’s “great TV.” CNBC blew it by keeping Santelli off Stewart’s show. In doing so, CNBC bigwigs committed the “sin” of letting someone else define them.
The error was especially bad, given Stewart’s definition of CNBC as a clueless bunch of big-business suck-ups, said Ryan Chittum in the Columbia Journalism Review. It was priceless, from the clip of CNBC star Maria Bartiromo lobbing softballs at “the now-disgraced John Thain,” to CNBC’s Carl Quintanilla asking now-exposed Ponzi schemer Allen Stanford whether he likes being a billionaire. “In the annals of business-press criticism,” there has never been anything better than this “utter beatdown.”
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- 31 TV shows to watch in 2014
- The world's dumbest idea: Taxing solar energy
- Why atheism doesn't have the upper hand over religion
- He said he was leaving. She ignored him.
- Attack of the invasive species
- 14 wonderful words with no English equivalent
- What would a U.S.-Russia war look like?
- Which states get screwed worst by the Electoral College?
- 10 things you need to know today: April 19, 2014
- If a nuclear bomb exploded in downtown Washington, what should you do?
Subscribe to the Week