Rick Santelli (CNBC) Rips Colleague a New One
Would you lie for the greater good or would you tell the truth and be honest about the way you conducts business. I think that these moral hazards and cover ups are what got us into this economic crisis among other outside factors. So what would covering up something else really help? If the data is bad why continue to cover it up and prolong the inevitable?
I know that prolonging the inevitable is favored on Capitol Hill these days, but in my opinion that just makes things worse, suckers more people into the failing financial market, and makes for a worse collapse. Let it go and give us the real facts!
Rick Santelli calls out one of his colleagues at CNBC who offers up the question as to whether or not the media should cover up the truth behind what’s going on in the financial sector for the greater good.
But, as I stated above, is that really for the greater good or is it just for the good of a political agenda and money in the media’s pocket? After knowing what recently occurred at an NBC meeting with Zucker and Immelt exclaiming that CNBC has been too harsh on the President and has criticized his policies too much recently… I can only take what they say at CNBC with a grain of salt because there may be a conflict of interest; like saving their jobs:
GE Shareholders Are Peeved; Political Outbursts at Meeting
GE shareholder meeting reaches crescendo:
The hostility between Fox News Channel and MSNBC reached a fever pitch Wednesday when a Fox producer infiltrated the GE shareholders meeting.
Just before GE re-elected board members, company brass were hit with questions from shareholders critical of an alleged leftward political slant at MSNBC.
But one of those questions came from Jesse Waters, a producer on “The O’Reilly Factor” whose criticisms were cut short when his microphone was cut off, according to several attendees. Waters apparently did not publicly identify himself as a Fox employee.
If Waters owns stock in GE he can be at the meeting! Plus, reporting does require one to investigate and get to the truth of the matter. It is obvious with recent guests like Janeane Garofalo calling conservatives racists, Olbermann calling Cheney and Bush fascists and Rachel Maddow having no idea what she is talking about, may lead people to believe that there is quite a liberal slant on the network. There is also a lot to be said for Immelt and Zucker’s support of Obama, which has been more visible than previously. Jack Welch was a lot more tight-lipped about his politics than Immelt when he last ran GE. Since Immelt’s take over his company, which is usually one of the more stable stocks, has had to consolidate, restructure and cut dividends to try and make ends meet. Back in the summer of 2008, GE also considered dropping NBC after the Olympics because they did not know how to run a media outlet properly since it did not fit their business practices and core competencies. Immelt had also been selling equipment that could be used for violent purposes to places like Iran, who are banned on the export/ITAR lists.
Attendees who spoke to THR said shareholders asked about 10 politically charged questions concerning MSNBC as well as one about CNBC.
First up was a woman asking about a reported meeting in which Immelt and NBC Uni CEO Jeff Zucker supposedly told top CNBC executives and talent to be less critical of President Obama and his policies.
Immelt acknowledged a meeting took place but said no one at CNBC was told what to say or not to say about politics.
During the woman’s follow-up question, her microphone was apparently cut off. A short time later, Waters asked a question and his mic was cut, too.
“The crowd was very upset with MSNBC because of its leftward tilt,” one attendee said. “Some former employees said they were embarrassed by it.”
And the shareholders should be embarrassed since the leftward tilt was incredibly obvious when they cut off the microphones of those questioning them – even a woman who was a valid shareholder! With actions such as the ones mentioned above, are we supposed to believe what they tell us about their account of the CNBC meeting? Freedom of Speech is not allowed in Obamanation.
“My biggest surprise was the open hostility to MSNBC,” said Tom Borelli of the Free Enterprise Action Fund and a four-year critic of Immelt. “It was noticeable and loud. I don’t remember any of this going on last year.”
“Any time MSNBC was mentioned, there was a rumbling in the crowd of 400 people,” he added. Borelli also asked a question pertaining to GE’s stock performance since Immelt took the helm.
The meeting, which lasted more than two hours, was described by all four of the attendees THR talked to subsequently as variously rancorous or critical. Other than questions about MSNBC, shareholders brought up questions about executive pay and cuts to the company’s dividend.
I’m glad some people are starting to wake up and are starting to speak up – it’s about time!
