CNBC hires former Bush flack Tony Fratto.
CNBC hires former Bush flack Tony Fratto.
Earlier today, CNBC discussed a congressional proposal to create a systemic risk regulator for the financial industry. To analyze the feasibility and necessity of such a regulator, CNBC introduced one of its newest “contributors,” Tony Fratto, who most recently served as former President Bush’s Deputy Press Secretary. But rather than comment on the merits of the systemic risk regulatory plan, Fratto simply claimed that Congress is “dangerously” motivated to over regulate by a thirst for “vengeance” stemming from the current financial crisis. Watch it:
As Pat Garofalo explains at the Wonk Room, Fratto is far from a reliable voice on the economy. Last year, Fratto first claimed that no one was predicting a recession and then argued that admitting the U.S. is in a recession was “relatively irrelevant.” Garofalo asks CNBC, “Was Phil Gramm unavailable?”
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Already hard at work restoring that credibility thingy, huh guys?
Boldly played – I’m sure your critics will never see through it.
March 17th, 2009 at 4:35 pmthis is ridiculous.
we gotta boycott that
network into irrelevancy.
March 17th, 2009 at 4:39 pm::
Dr. Hussein Matt Says:
O/T: The DOW closed UP 178.73 (2.48%)
Reich-wingers are miserable because the country is succeeding.
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gr8 news doc,
fight the power!
__
March 17th, 2009 at 4:40 pmSimply incorrigible.
March 17th, 2009 at 4:40 pmChrist! Why can’t these guys crawl under a rock or something? Why must MSM constantly hire these hacks? There everywhere! Faux News, CNN, CNBC. Can’t they find someone who isn’t a toady?
March 17th, 2009 at 4:41 pm- and get in on the ground floor.
;)
::
March 17th, 2009 at 4:43 pmThis is absurd; they just never quit do they? Is it truly obstinance to their own failed ideas, or have they so succumbed to greed that they’ll do anything their fiscal overlords tell them?
Hopefully–and no thanks to Republicans–we can turn this economy around and actually focus on solving the deeper, systemic issues for why we’re in this situation. Obviously bad banking’s a good place to start, but there are other issues, like global poverty, that have huge economic and geopolitical ramifications.
The Borgen Project (www.borgenproject.org) has some interesting insight into addressing the issues of global poverty, something we can remedy easily and sustainably.
Some interesting figures to ponder:
March 17th, 2009 at 4:44 pm$30 billion USD: The annual shortfall to end global poverty.
$550 billion USD: The annual US defense budget.
“CNBC hires former Bush flack Tony Fratto.”
No way! I almost dropped my sandwich on this bit of news. CNBC hires Fratto, another idiot AH press secretary and the male version of Dana Perino? Geez, MSNBC is certainly hitting rock bottom. MSNBC is catching up to Fox News. I lost a lot of respect for MSNBC.
March 17th, 2009 at 4:45 pmCNBC is dead in the water. How is a spokeswhore for the most horrific administration in U.S. history qualified to “contribute” important financial news? The Botch press team is an easy grab for those networks who couldn’t enough of the bunk they were spewing the last eight years. It’s a pep talk for white derivative traders, and more propaganda rubbed in the faces of real Americans trying to catch a break.
March 17th, 2009 at 4:46 pmclearly, John Stewart showed CNBC the error of their ways.
March 17th, 2009 at 4:47 pmIf there’s any justice, the next economic upturn should erase income inequality while handing pink slips to the “Reagan optimists” occupying Fox Dooty Business and CNBC.
March 17th, 2009 at 4:49 pmOf course the Conservative Network Broadcasting Conspiracy would hire a Bush crony.
March 17th, 2009 at 4:53 pm..and they think writing for the Daily Show is difficult.
Why?
These stories write themselves!
March 17th, 2009 at 4:59 pmmr. klaat, are you just trying to provoke and pick a fight, or do you have a comment on the topic?
or what?
March 17th, 2009 at 5:00 pmIt’s true hanshiro! I can picture Jon Stewart making mincemeat with this one.
March 17th, 2009 at 5:01 pm.
Seriously, CNBS!
.
March 17th, 2009 at 5:05 pmI hope to god Jon Stewart does a remark about this Bull
March 17th, 2009 at 5:08 pmKlatu,
And I’m sure that if everyone who posts here at T.P. boycotted you, you would disappear in a heartbeat.
So Klatu,
March 17th, 2009 at 5:09 pmWhat about deceiving the public is defensible?
Pretty sad when the real news commentary has to come from Stewart, Olbermann, Maddow, Shuster, sure can’t count on CNN, ABC, NBC CBS to ask tough questions.
March 17th, 2009 at 5:12 pmWell, after Cramer fell on the proverbial grenade, they need a replacement. When Mr. Cramer skulks off into the sunset with his big bag-o-cash (let’s face it, no one takes a beat-down like that for free) Mr. Fratto can fill his spot.
March 17th, 2009 at 5:20 pmHave Universities been allowing their Business faculties to teach in their Journalism schools?
What other two areas of American professional practice have accomplished such monumental collective failure rates???
Think how thoroughly screwed we’d be if Engineers and Surgeons were as “good” at their jobs as Corporate and Editorial Boards are!
March 17th, 2009 at 5:24 pm“The results in this administration point to nearly 5 million new jobs created since the President’s Jobs and Growth bill passed the Congress in 2003, the unemployment rate at 4.7 percent — lower than the average of the 1970s, 1980s, and 1990s, rapid economic growth, historically low interest rates, and low inflation.”
~Tony Fratto
Wow, it’s Cramer’s Bear Sterns foreshadow redux. Tony’ll fit right in at CNBC…
March 17th, 2009 at 5:33 pmActually, talk with the professors and hear what they say about the qualifications of surgeons and engineers. Pretty disheartening when you realize tuition has gone through the roof, tough to find professionals that actually know what they are doing.
March 17th, 2009 at 5:37 pmKlatu Says:
joe cantwell Says:
this is ridiculous.
we gotta boycott that
network into irrelevancy.
::
There ya go! Brilliant comment, I’m sure if everyone that posts on TP were to join you in your boycott, CNBC would disappear in a heartbeat.
*
and just what do you
mean by that?
:0
March 17th, 2009 at 6:05 pmKlatu Says:
tombaker Says:
mr. klaat, are you just trying to provoke and pick a fight, or do you have a comment on the topic?
or what?
Absolutely.
**
nice try.
just remember this my friend,
“a man with a pebble has just as much lucre as a man with a rock.”
– bernard baruch.
::
March 17th, 2009 at 6:26 pmFran Townsend’s a better fit for CNBC. She’s advising the head of the U.S. Chamber of Commerce and the keynote speaker at “The Future is Now”, the 2009 SunGard Availability Services Software International User Group. Her talk is titled, “Crisis is Opportunity: How to Change from Within.”
SunGard is owned by a private equity underwriter (PEU).
March 17th, 2009 at 6:29 pmKlatu Says:
joe cantwell Says:
and just what do you
mean by that?
MY GOD! Don’t you ever have a COGENT, SEMI-INTELLIGENT thought in that SPACE between your EARS where your BRAIN was supposed to be INSTALLED? WHY is it all YOU CAN DO is come here with your KNUKLE DRAGGING, JUVINIAL INSULTS? Do you JUST come here to show how STUPID you really are? Have you EVER had ANYTHING to contribute TO THE TOPIC OF the THREAD
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absolutely.
…
March 17th, 2009 at 6:33 pmHi Klatu…
March 17th, 2009 at 6:39 pmhi dbadass,
i flagged klatu
for being snippy.
:)
March 17th, 2009 at 6:43 pmTony Fratto is a liar. CNBC hiring a flack from the failed Bush administration is an admission of their ties to the reichwingnut party.
March 17th, 2009 at 6:54 pmOff topi:
Good evening, dbadass.
We’ve been around 60 the last couple days. The ice on the Mississippi is gone and the bald eagles are spreading out. I saw a flock of redwing blackbirds flying over the local golf course. Tempus fugit.
Did you get a chance to view the Barb Forrest interview re Intelligent design? I found it interesting to see a philosopher dealing with the philosophy of the ID movement.
March 17th, 2009 at 7:18 pmOff topic: Duh!
March 17th, 2009 at 7:19 pmDoes CNBC think that this is how they “reinvent” themselves, by hiring someone who doesn’t know anything about Risk Assessment to be their new talking head about Risk Assessment?
But as one of the Bushie’s who probably can’t find a new job, I suppose he was grateful for any gig.
As long as CNBC is postering, we just needed a little more affirmation that the GOP financial guru’s will continue to spin their stories, irregardless of factual data…well done CNBC, that is surely showing us that you don’t give a hoot about what we think…but as we no longer watch…we got it!
March 17th, 2009 at 8:02 pmCNBC, like faux news, is a waste of time. Faux news should have its license revoked for fraud.
March 17th, 2009 at 8:10 pmare the glasses a disguise?
’cause they sure don’t help with the intelligence factor…
March 17th, 2009 at 10:24 pmKlatu You are a punk a moron and a troll. You are ignorant and disgusting. You are the reason ferrets eat their young out of FEAR they will be as worthless and depraved as you. Why you are so proud to be so stupid I dont know and frankly dont care. Your ignorance and juvenile provocations just show what a pathetic loser you are.
March 18th, 2009 at 3:43 amWhy would anyone expect to hear the truth from NBC, ABC, CBS, or FOX? They have to answer to the corporations who own them.
March 18th, 2009 at 5:20 am