CNBC and the Chronicles of NANA-NANA-NANA

Or, “We Have The Money and You Don't Have Any” (sung in a whiny see-saw voice)

Perhaps the end of times is actually coming. People are finally making fun of the financial network news. GE's venture into financial wit and wisdom came under the versatile fire of Jon Stewart and his crew of technical and comedic whizzes recently. Thank you Jon. It is high time that someone would prick the bubble of insanity on that Bad News Posing As Good News Network.

It is interesting how few accurate things have been said on that Charnel House channel in the recent past. Jon Stewart hit some of the high points but there are too many left over to hide in any newsroom wastebasket ever built. Even the grand canyon would suffer under that mass of folly. Unfortunately the truth is still available because everything is right there on tape. Or is it?

So in searching the Internet for the CNBC Archives I found a post that claims they destroyed all of their ENRON archives. This is a news network? Maybe they ought to put more disclaimers on their shows, I mean besides Jim Cramer's Mad Money amusement park folly. I was willing to slog through the archives to find out if they have called a market bottom in one unsavory way or another more than ten thousand times since it hit the top. I guess that is out for the present.

“We have not come to bury the economy but to praise it,” would be their theme if they were coherent enough to have one. A  better theme for these times might be “Ive been working on the chain gang.” Half to two thirds of their guests should be, if justice ever visited Wall Street. Unfortunately she is only blind, her nose works just fine.

At the rate their  billionaires club is losing members due to the end of Ponzi schemes and losses in the market they soon won't be able to find one to interview. In fact they might soon be singing “What a Swell Party This Is,” as the curtain comes down on their final appearance.

Nonetheless Larry Kudlow and Jim Cramer and the whole rest of the crew at CNBC continue to sing, “Happy days are (almost) here again,” while whining about the lack of acuity in the new Obama administration. The gang on that channel serves up a token Democrat once in a while. They have to squeeze them in between calling Obama a Socialist and finding a bottom for the market that it promptly falls through.

There are a couple of real reporters left there. The rest need to join a cheer leading squad somewhere in Moldavia. If you wonder why GE is in the trouble it is in just watch that channel for a couple of hours. GE owns CNBC in case you hadn't heard. The reporters on CNBC blame the financial side of GE for Daddy's downfall. I think GE Capital  must have been getting their advice from Larry and Maria and Dennis and the rest of the crew.

The disconnect from reality is too tremendous to imagine unless you experience it first hand. It's like watching Fox News for billionaires. Tune in and watch their final days develop momentum. Or spend your time watching reruns of I Love Lucy. Guess which I prefer? At least the original cast of I love Lucy knows they're dead by now. And they're still funnier than CNBC.