Elizabeth Warren on the bailouts

Written By: - Date published: 7:51 am, April 19th, 2009 - 13 comments
Categories: economy - Tags:

The best news source in America, the Daily Show with Jon Stewart, interviews the woman responsible for making sure their bailout money is being spent well. Illuminating and a little scary. In the second part she puts this whole financial crisis in a historic and principled context. The crowd goes wild – they’ve never had the crisis explained to them like they’re smart enough to get it before.

13 comments on “Elizabeth Warren on the bailouts”

  1. lprent 1

    Totally excellent…. I now know more about this Toxic Asset programme than I care to. Looks like the dole for the banks.

    If I was in the US, I’d vote for her…. Now will they get her on a ticket..

  2. Brett Dale 2

    The daily show is brilliant, Stewart is the best Journo by far.

    • It’s a very sad commentary on the state of journalism when we start lauding a very good comedian as the “best journo by far”.

      A sad but true comment for sure.

      How do we improve journalism? I think it’s a necessary question, but it doesn’t suggest an easy answer.

      The crisis in the news media is part and parcel of the crisis of late capitalism. I despair for the future of news. If it’s no longer a saleable commodity in a commodity market, what happens to it?

      EM

  3. DeeDub 3

    Is it the ultimate post-modern American joke that the ‘best journalist’ in the USA is a comedian/actor?

  4. Ianmac 4

    Great post. Thanks. I wonder if the transparency and the regulation will become a long term reality? Hope so.

  5. jerry 5

    I remember seeing this on TV and thinking that there was at least some hope for the US when they put such apparently intelligent and capable people in charge of trying to clean up the mess – hopefully she can (be allowed to) make the tough (but simple) decision that need to be made.

  6. smart woman. Its really good to see some intelligent analysis being broadcast – if only on a comedy network 🙂
    Cheers for putting this up!

  7. BLiP 7

    At last – a modicum of truth from a US administration and a smidgen of solace in the knowledge that, finally, we are getting some oversight into this epic failure of the free marketeers. Alas, even Ms Warren agrees its too late.

    The rat race is over. The rats have won.

  8. ben 8

    The best news source in America, the Daily Show with Jon Stewart…

    About sums you idiots up.

    Don’t get me wrong, Stewart is a genius.

    But he is a comedian. He said so himself in his famous Crossfire interview.

    See the difference, boys?

    • Felix 8.1

      Perhaps that sentence would be better phrased as “Comedy tv show The Daily Show hosted by comedian Jon Stewart is the best news source in America.”

      Then you could agree or disagree and give your reasons if you wanted to.

    • lprent 8.2

      Have you watched Fox news lately? Now that is meant to be a news show, but in reality it is more of a comedy show.. Yet almost all of the wingnuts that come through here seem to treat its world view (distorted by its sponsors) as reality.

      Strange country… They produce a comedy show that informs me more in more depth than most of their news shows, and have a major channel devoted to news that makes the our local talkback radio look sane.

    • Maynard J 8.3

      I do see the difference, Ben. On The Daily show, there was an informative discussion about a much serious issue. On Fox News, recently, they tried to deep-fry a copy of the US Budget.

      One’s a comedy show that’s intelligent, informative and funny, one’s a news show that fails on all three counts.

      Good on you, ben, for calling us all idiots when fronting up with a level of analysis that went as far as looking at the genre. That’s deep. Idiot.

  9. Con 9

    The Daily Show is funny, but in all seriousness it’s not as good a news show as Amy Goodman’s “Democracy Now”. http://democracynow.org/

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