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	<title>Payday Loan and Cash Advance Financial News Blog &#187; Chicago Tea Party</title>
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		<title>The Chicago Tea Party and Journalism&#8217;s Carcass (Pt. 1)</title>
		<link>http://personalmoneystore.com/moneyblog/2009/03/13/santelli-stewart-cramer-debate/</link>
		<comments>http://personalmoneystore.com/moneyblog/2009/03/13/santelli-stewart-cramer-debate/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 20:10:07 +0000</pubDate>
		<dc:creator>Steven Tarlow</dc:creator>
				<category><![CDATA[Arts/Entertainment]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Featured News]]></category>
		<category><![CDATA[Cash Advance]]></category>
		<category><![CDATA[Chicago Tea Party]]></category>
		<category><![CDATA[edutainment]]></category>
		<category><![CDATA[Jim Cramer]]></category>
		<category><![CDATA[Jon Stewart]]></category>
		<category><![CDATA[Mad Money]]></category>
		<category><![CDATA[Rick Santelli]]></category>
		<category><![CDATA[unbiased reporting]]></category>
		<category><![CDATA[wall street]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=23558</guid>
		<description><![CDATA[It began with a Chicago Tea Party
For those of you who don&#8217;t know this already, journalism is dead. Or at least mostly dead. The boundary between clear, unbiased reporting and entertainment has been shattered, and too few of us realize that we&#8217;ve been walking on broken glass for some time. At least clean up the [...]]]></description>
			<content:encoded><![CDATA[<h2>It began with a Chicago Tea Party</h2>
<p><img class="alignright" src="http://www.geldpress.com/wp-content/uploads/2009/02/rick-santelli-tea-party.jpg" alt="tea party" width="209" height="206"  style="display:block;float:right;border:none;"/>For those of you who don&#8217;t know this already, <a href="http://www.cnbc.com/id/29283701/"  title="journalism is dead" rel="external">journalism is dead</a>. Or at least mostly dead. The boundary between clear, <strong>unbiased reporting</strong> and entertainment has been shattered, and too few of us realize that we&#8217;ve been walking on broken glass for some time. At least clean up the place a little and bandage your feet. Then you can focus on or block out what&#8217;s been bombarding you. Think critically and create from the rubble the reality you&#8217;ve been denying yourself for lack of time, imagination, effort or courage. Think of it as a <strong>cash advance</strong> for your future.</p>
<p>There are too few members of the global <strong>edutainment</strong> media with the skill and determination to approach issues like the meltdown of <strong>Wall Street</strong> and get straight to the point. <strong>Jon Stewart</strong>, a self-professed entertainer and host of Comedy Central&#8217;s &#8220;The Daily Show,&#8221; has the focus that so many self-professed journalists lack. In recent weeks, Stewart has taken issue with the role of financial news networks like CNBC in the current economic crisis. But a fire started &#8211; mostly edutainment media-fueled &#8211; when CNBC pundit <strong>Rick Santelli</strong> announced a little <strong>Chicago Tea Party</strong>&#8230;</p>
<h3>The guilty throwing stones?</h3>
<p>During a CNBC broadcast, Santelli proclaimed from the floor of CME Group in Chicago that the mortgage bailout package President Obama has put into action is an example of &#8220;government promoting bad behavior&#8221;</p>
<div style="margin:0 10px;"><div id="swf_player_f49" style="width:350px;height:250px;"><a href="http://www.youtube.com/watch?v=zp-Jw-5Kx8k"  rel="nofollow external"><img src="http://img.youtube.com/vi/zp-Jw-5Kx8k/default.jpg" width="350" height="250" style="width:350px;height:250px;border:0;" style="display:block;float:right;border:none;"/></a></div>
</div>
<p>He went on to ask why we should subsidize &#8220;losers&#8217;&#8221; mortgages, and proposed that that kind of financial assistance should be given to &#8220;people who might actually have a chance down the road; people who can carry the water instead of drinking it.&#8221;</p>
<p>The well-paid CME Group analysts around Santelli applauded his elitist missive. Santelli crowed about how this &#8220;statistical cross-section of America, the silent majority&#8221; had spoken, as if financial analysts at a large firm in any way represent average Americans who were put out on the street because they dreamed of home ownership. <a href="http://personalmoneystore.com/moneyblog/2009/03/13/stewart-cramer-wall-street-2/" title="CLICK HERE">CLICK HERE</a> to see how Jon Stewart replied and began a &#8220;little war&#8221; with CNBC &#8220;<strong>Mad Money</strong>&#8221; host <strong>Jim Cramer</strong>!</p>
<p><strong>R</strong><strong>elated Videos:</strong></p>
<p><a href="http://www.youtube.com/watch?v=VKSb4RAp6FQ" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Rick Santelli Is As Mad As Hell | Chicago Tea Party" onclick="show_video('VKSb4RAp6FQ', 'Rick Santelli Is As Mad As Hell | Chicago Tea Party', 'Rick Santelli Is As Mad As Hell | Chicago Tea Party', '10885','4.91');" src="http://img.youtube.com/vi/VKSb4RAp6FQ/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a><a href="http://www.youtube.com/watch?v=SGkrNJ19DSU" title=" " rel="external"> <img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Rick Santelli Takes Down Jim Cramer" onclick="show_video('SGkrNJ19DSU', 'Rick Santelli Takes Down Jim Cramer', 'Rick Santelli Takes Down Jim Cramer', '310620','4.36');" src="http://img.youtube.com/vi/SGkrNJ19DSU/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a><a href="http://www.youtube.com/watch?v=uZSlOifcEo4" title=" " rel="external"> <img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Hardball: Rick Santelli Responds to Robert Gibbs" onclick="show_video('uZSlOifcEo4', 'Hardball: Rick Santelli Responds to Robert Gibbs', 'Hardball: Rick Santelli Responds to Robert Gibbs', '37247','4.61');" src="http://img.youtube.com/vi/uZSlOifcEo4/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a></p>
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