C Is For Class Warfare

krugman.blogs.nytimes.com — Ryan Chittum has a great piece about CNBC’s decision to drop even the pretense of journalistic objectivity and throw its weight behind the deficit scolds. Basically, the network has gone all in on behalf of the 0.01 percent. One question Chittum doesn’t really get at, however, is why CNBC takes this tilt — why, in fact, it has been so dominated by the fake deficit hawk faction, the people who say that the debt is terrible, terrible, and that’s why we have to cut taxes on the rich. After all, the network’s audience does not consists mainly of the very rich; rather, it’s the 1 percent wannabees, who imagine that watching many hours of talking heads will somehow let them absorb the secrets of getting rich.

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