Wednesday, May 2, 2012

- Lose The Liberal

I don't care for Andrew Ross Sorkin. He's a liberal, of course. But it's his smug fascination with the cult of personality that I find most annoying. He's like a young Jewish Donald Trump. He's more interested in being around famous people and being famous himself than about making a meaningful contribution.

They put him on Squawk box to provide 'balance' to Joe Kernan's conservatism. But according to Zerohedge, this was stupid. Squawk's primary audience is 'traders' either pro or amateur. And one thing that traders all have in common is a demand for objectivity. Investment bankers can afford to be pie in the sky liberals (and they often are) but traders are only interested in results - not intentions.

So to us, hiring a liberal to provide "balance" is like mixing horse manure in the chocolate ice cream. It's useless, and we'd prefer not to have any of it in our food. Our idea of fairness is eating only what you kill. We don't want or need someone to come take from the winners and give to the losers regardless of what each one put into it. but like most liberals, that seems to be what Sorkin is all about. It's all about top down government driven fairness - the primacy of politics over markets.

I'd be thrilled if they pulled him and replaced him with - well pretty much anyone. I'm sure they can find someone on Worldwide Exchange (CNBC's best show btw) who doesn't have their head crammed too too far up their derriere. Or pay my Buddy Drew Matus enough money to leave UBS and then you'll get real substance every day on that show. I don't always agree with Drew (and neither will Joe) but I always respect him. Even Gary Kaminsky is a real guy with a real brain and would be a big improvement.

They won't though. CNBC is run by the same people who brought us that pinnacle of TV News MSNBC, and we know what a success that is. They'll get a male Kim Kardashian with a liberal pedigree and attribute the poor ratings to Sorkin's hair cut or something.

BTW Sorkin's book (and the subsequent film) was one of the most pandering works I've ever seen. Everyone who saw it came away knowing less about the 2008 financial crisis. That Hollywood so loved it, should have been a tip off for the rest of us.

3 comments:

ikaika said...

Why Sorkin? What Balance? you are correct - this is not news.

I can't even watch CNBC anymore, until the US equity team arrives at 8 am and they turn the channel on me...

CNBC World is a better product, but we don't get that in So. Fl.

I am forced to watch Bloomberg coverage of Asia and Europe during my vampire shift.

Sorkin's inclusion into the broadcast proves my point that CNBC is no longer financial news (Paul Kangas is financial news)

CNBC has morphed into a variety show (much like sabado gigante) complete with zany antics JIm Cramer, and T&A with Mandy and MCC
(BTW - there are bikini pics of MCC on the net...)

Tom said...

I used to be stuck with Bloomberg news whenever I worked in my office at Tudor. Oh what tripe they pass off as news.

chess said...

your first few lines said it all... hes what someone i know would call a "limosine liberal".hes got his and dont touch it but you can touch everyone elses...hes useless as is the show.. everytime they interview someone i still have 10 ??s that need to be really asked..and bill gross the bond king?? his fund finished sometrhing like 395 outa 400 last yr.king? really???