my name is roger and i play bass in a band called Pretty & Nice. We have a new record coming out soon. I also draw comics and post them here on tumblr and also over at iamtherog.com. I also post things that I think are funny and sometimes get retweeted by people i know over at my twitter. this tumblr is mostly pictures and videos of a cats and various other non-sequiturs .
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At the end of this The Daily Show piece about Goldman Sachs’ manipulation of the aluminum market, Charles Gasparino of Fox Business Network seems absolutely flummoxed by the entire story. This is someone who’s sole job is to read about the economy, digest it, and then state it in simpler terms for the audience, which in this case, is probably businesspeople. He’s not commenting on the level of discourse or trying to discount the gravity of the story, he’s flat out saying that neither he nor his producer can even figure out what Goldman Sachs is being accused of.
About a month ago, there was a piece about Al Franken’s credit rating agency amendment from 2010 and the subsequent SEC investigation into whether or not allowing banks to bribe credit rating agencies into giving them good ratings could be considered a conflict of interest. Once again, a commentator throws his hands up in the air and basically says “I have no idea what that even means!”
Now, I understand the general idea of editorial oversight and the inherent problems of allowing a multinational corporation the power to sway journalistic thought, but to what end (aside from dumbing down the level of conversation) does this benefit anyone at Fox Business? Whether or not they agree with the gist of the story or no matter which side they’re on due to whatever loyalties they may hold to donors or sponsors, don’t they owe it to their viewership to actually pretend they understand this stuff?
Wouldn’t this be the equivalent of a football play-by-play announcer screaming “I HAVE NO IDEA WHAT’S GOING ON RIGHT NOW” when a team scores on an end around? Would that play-by-play announcer still have a job the next day?
Maybe I’m the crazy one here.