Is CNBC liberal?

[DS0816]

CNBC are disgusting whores for Wall Street.

[The Free North]

CNBC are disgusting whores for Wall Street.

Stupid comment from someone who has clearly never watched the channel.

They obviously have a bullish bias since shorting is 'unamerican' but to say they are in anyway backing up the same companies they pick apart on their station is silly. They have a wide variety of commentators and analysts with wide ranging political views that are ultimately subordinate to their opinions on market direction.

The only thing people who watch the show care about is which way the market is moving and listen to the talking heads on CNBC in the same way people watch football to hear about what the 'experts' have to say (read: attempting to rectify their emotional insecurity about the future with boisterous if not illogical reasoning from nationally televised stock shows).

[The Free North]

They literally asked a question in favour of Austrian economics so probably not.

Uh, no. I assume you're referring to this one?

You must be logged in to read this quote.

It was obvious from the way he asked the question that he had a negative opinion of "getting Congress involved in monetary policy" or "slapping the Fed back and downsizing them completely."  The CNBC people love zero-percent interest rates because they're good for the stock market.

In any event there's no reference to "Austrian economics" in the question. Even if we say Santelli were in favor of "downsizing them completely," he'd presumably have been advocating for Friedmanite monetarism (freezing the monetary base).

Santelli has been an outspoken critic of Fed policy and while it benefits equities of course, he has made it pretty clear that his political views on Yellen/Bernanke are....less than favorable.

That being said, I have found the debate regarding fed policy on CNBC to be pretty balanced and fair given the political, economic, and philosophical significance it caries.