According to the most recent Gallup Poll of people’s ever increasing distrust in the mass media. From 46% in 1998, the percentage of people who indicate they have “not very much/none at all” trust in mass media has grown to a stunning 57% currently. This is an all time record, as the general public perception toward the MSM has flipped over the past decade.
Jon Stewart, of Comedy Central’s ‘The Daily Show,’ skewers the hypocrisy of the financial news media claim to deliver “ahead of the curve” insider knowledge and access to business and financial decision-makers. In reality, all they appear do is to act as cheerleaders for Wall Street by rallying investors to “Buy! Buy! Buy!” as the Market tumbled over a cliff.