Archive for the ‘CNBC’ Tag

Quote of the Day   Leave a comment

John Oliver “So, that is the case for a higher wage.  What is the case against?”

Fox Reporter #1 “Only in America can our politicians bemoan a liveable wage, forgetting a lot of folks would be grateful for any wage.”

Fox Reporter #2 “People are not in poverty because they’re making minimum wage.”

CNBC Reporter “What we’re talking about is rewarding mediocrity.”

Fox Reporter #3 “The first step on a ladder, is not supposed to be comfortable.  You’re not supposed to be hanging out there.  If you double the salary, you turn that rung into a hammock.”

Oliver “Exactly!  You remove the incentive.  If you raise the minimum wage, people will never stop working in the fast food industry.  They’ll get so comfortable in those hot kitchens, and in their acrylic uniforms, relaxing in that grease fog, smelling of processed meat no matter how many showers they take. It’s luxury, that’s his point.”—fast-food—minimum-wage

Quote of the Day   Leave a comment

John Oliver “I guess the one minor bright side is that Detroit might get a little economic boost from all those reporters flocking to it to cover the story, right?

Fox anchor “Mike Tobin live in Chicago with the news.  Mike, a dramatic afternoon in Detroit.”

Brian Williams (NBC) “John Yang on the news from Chicago today, and of course the very bad news out of Detroit.”

CNBC anchor “Whether that’s Chapter 9, how they go through the motions, I don’t know, but Jeff Locke does, and he’s right near Detroit, in Chicago.”

Oliver “Really?  Chicago?  So, you’ll embed reporters and have them take gunfire in war zones all over the world.  You’ve had them tear gassed during protests.  You’ve forced them to take 200 mile an hour winds to the face during storms.  But apparently, having them stand on a corner in downtown Detroit, oh that is just too dangerous an assignment.”

Quote of the Day   Leave a comment

Elizabeth Warren “No. That is just wrong. Look at the history. From 1797 to 1933, the American banking system crashed about every fifteen years. In 1933 we put good reforms in place, for which GS (Glass Steagall) was the centerpiece. And from 1933 to the early 1980′s, that’s a fifty year period, we didn’t have any of that, none. We kept the system steady and secure. And it was only as we started deregulating…you start hitting the S&L crisis, and what did we do, we deregulated some more. And then you hit long term capital management at the end of the 90′s, and what did we do as a country, this country continued to deregulate more. And then we hit the big crash in 2008. You are not going to defend the proposition that regulation can never work if it did work.”

Watch Liz Warren School Some CNBC Doofuses With Facts ‘N’ History