Thanks for Pointing out the Obvious Jon Stewart

This week Jon Stewart, the host of the Daily Show, has been making headlines for his ridicule and criticism of CNBC.  He even had Jim Cramer on yesterday and showed him clips of how wrong he was.  All Cramer could do was admit he was wrong.

Stewart even said he couldn’t find an analyst that predicted the downturn, but Peter Schiff was on CNBC many times and was dead right.  Stewart was probably too busy laughing like the rest of the people on CNBC to remember.

While Stewart is doing a good job of raising awareness that CNBC journalists, analysts, and companies do not always provide correct information, he is just restating the obvious.  Of course, it’s easy to show how wrong the people on CNBC were in the face of the worst stock market collapse in decades.  He’s just piling on harder than most people.

If Jon Stewart is so smart, where was he during the whole real estate boom?  Where was he telling us all that there was a commodities bubble when a barrel was at $140?  Why wasn’t he telling us that the stock market was going to crash?

If you want some advice from real economists you should visit www.mises.org, lewrockwell.com, campaignforliberty.com, and ronpaul.com.  Instead of some funny-man just criticizing CNBC and offering no solutions, you can learn about our economy, stock markets, and banking system and make decisions for yourself.

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