Yes, it’s another Stewart vs. Cramer post, and I apologize.  I know that watching a witty, passionate guy call out the media for its feckless corporate cheerleading gets old real fast, but this was a revealing moment.  Not just for what it said about CNBC and the financial news media, but for what it said about the Village of mainstream, conventional-wisdom-spouting, cocktail-weenie-gobbling reporters and pundits.

Hearing Jon Stewart eviscerate CNBC for its winking complicity was like tasting fresh air for the first time after years of breathing David Broder’s farts.  It was a sacrilege that no Villager would ever be allowed to commit, a violation of their version of Reagan’s Eleventh Commandment: Thou shalt not undermine the credibility of your fellow Villagers.

It takes someone from outside the Village’s incestuous little bubble to understand and speak for us ordinary non-Village people.  Sure, pundits like Brooks and Broder sometimes profess to speak for The Common Man, but their words reflect only the narrow universe of Village consensus and interests.

When Jon expressed his anger at CNBC and Cramer treating the market and the economy "like it’s a fucking game" when it’s people’s lives, that really brought it home.  The Villagers are set for life no matter what happens to the economy – they don’t have a stake in the outcome, and they don’t care about those of us who do.  (Incidentally, one could make a similar critique of the state of political and campaign coverage, which is often indistinguishable from the sports pages.)

The Villagers are very good at finger-wagging tsk-tsks over imagined incivilities, but they don’t know how to say things like "Shame on you," "You’ve failed in your responsibility to the American people," or "You’re hurting America" when they need to be said.  Apparently only comedians and outsiders are fit to be America’s conscience now – and we need them desperately.


Related posts:

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  3. Early Morning Swim: Glenn Greenwald and Rachel Maddow Take Down Joe Lieberman
  4. At Least We Agree on the Problem…
  5. Early Morning Swim