Erin Burnett Makes CNBC Even More Loathsome

[deminks]

http://gawker.com/5166073/erin-burnett-makes-cnbc-even-...

Who's to blame for the economic mess? Not CNBC, says CNBC anchor Erin Burnett! "Everyone in this country knew there was a housing bubble," she told Bill Maher last night. Is she the new Santelli?

CNBC pulled reporter Rick Santelli, infamous for a blame-ordinary-Americans rant, from Jon Stewart's Daily Show, saying the network had "moved on" to the next story. Burnett's appearance, though, was clearly a damage-control effort. And it may well have succeeded: Burnett is so much more watchable, viewers may not notice that she's saying the exact same noisome things Santelli said, in more palatable form.

(video at the link)

I cannot express how sick I am of hearing that this downturn is in any way the home buyer's fault. They didn't wage bets on whether they would pay off that mortgage or default, now did they? Neither do they have bizniz degrees, now do they, Erin? CYA mode, wouldn't that be your goal here, Erin?

[sandnsea]

1. I emailed the dingbat

The line that pissed me off was that we all shared responsibility because we all went on a spending spree because we felt entitled to the good life. They say that while they blame the bottom 50% for buying homes we couldn't afford, when we've all been broke this whole time. Argh.

My email:


There was no "Joe the Plumber" asking the banks to create interest only ARM's so that housing prices could be pushed sky high, and workers could end up in a home with the mortgage payment doubled.

The banking crisis has NOTHING to do with mortgages. If everybody caught their mortgages up tomorrow, there would still be the matter of the over-leveraging and the credit default swaps house of cards.

Investment Bankers destroyed the economy for people who have absolutely NO control over what loan someone puts in front of them and tells them is a good deal. How Dare You Blame Workers for this crisis.

Oh, and you can be a genius and predict that the economy will recover when workers have jobs that pay enough to give them some disposable income.

People aren't spending. People aren't investing. People aren't saving. People aren't paying their mortgages and/or credit cards.

My oh My. What ARE people doing with their money. Hmmmm.

Walmart sales are up. Ooohhhh, when people have to live on their paychecks, they only have enough money to buy food and sundries at Walmart.

What they should have done is given every household a $10,000 tax credit to either pay credit card debt or their mortgage. That would cost about $2 Trillion dollars and would go a lot further to fix the economy for the people than pouring money into banks. Well, except if they did that, then everybody would know the people weren't the problem to begin with.

[JNelson6563]

2. That's nothing, you should's seen her when Rush

was on. I'd say it was a couple of weeks ago. Anyhow the other anchor (Mark Haines) did some pretty good questioning of Rush. After the interview MH made some comment about him (I forget just what was said) and EB piped in "Because he's a smart man". I wanted to vomit.

Julie

[DainBramaged]

3. She has been an unapologetic China promoter for years

her conduct during the melamine and toy scandals was even more loathsome.

[johnfunk]

6. Maybe we should start calling her a "Mao-sketeer" for her Chinese rah-rah act

Slave labor. Melamine. Lead paint. Poisonous wallboard.

Erin Burnett is the poster child for everything that is wrong with the Williams College B-School.

[DainBramaged]

8. Maybe she should live in a house made with toxic wallboard

and eat melamine poisoned food?

[Zynx]

4. I want to see what she was saying back in 2006 and early 2007 about housing.

[Baikonour]

5. Everyone on that channel is disgusting and despicable.

I find the women on the channel, like her and Bartiromo, to be especially disgusting.

[DainBramaged]

7. "We Need China's Toxic Food And Lead Coated Toys To Keep Economy Strong"

"A lot of people like to say, uh, scaremonger about China, right? A lot of politicians, and I know you talk about that issue all the time. I think people should be careful what they wish for on China. Ya know, if China were to revalue it's currency or China is to start making say, toys that don't have lead in them or food that isn't poisonous, their costs of production are going to go up and that means prices at Wal-Mart here in the United States are going to go up too. So, I would say China is our greatest friend right now, they're keeping prices low and they're keeping the prices for mortgages low, too."

http://crooksandliars.com/2007/08/12/cnbcs-erin-burnett... /

[TexasObserver]

9. CNBC = The Fox News of Business Matters

There is not a single person who appears daily on CNBC who isn't a Republican business type. They are cheerleaders, and their job is to cheerlead, to obfuscate, to rationalize, and to mislead.

[Lost in CT]

10. I need my Erin Burnett in the morning she wakes me up as much as the coffee...