CNBC is symptom of business media's refusal to incorporate credibility, objectivity

[babsbunny]

http://www.buzzflash.com/articles/analysis/653

Submitted by Chad on Thu, 03/05/2009 - 1:41pm. Analysis

A BUZZFLASH NEWS ANALYSIS
by Chad Rubel

If you are a sports fan, imagine watching ESPN and having them report on the positives of the games without mentioning injured players or whether some players were taking steroids. You would be upset that you aren't getting the whole picture.

Well, if you are watching the business news channels, you weren't getting the full story when things were good, and any rational explanations for why we're here now haven't been explored yet.

"During the bubble, everybody's a cheerleader, right. Now we're in the bust, everybody is a psychologist," said The New York Times business columnist Joe Nocera on last night's "Daily Show with Jon Stewart." "If you watch it then, you felt like running out and buying stocks and that was really the purpose of the whole thing."