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‘Daily Show’: It’s the Career Politicians, Stupid

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Posted on Jan 19, 2010
David Walker and Jon Stewart
thedailyshow.com

Why is the U.S. in the dire financial straits it’s in? Well, “Comeback America” author David Walker, who was formerly the country’s comptroller general and head of the Government Accountability Office, has a few ideas about what led to our “dysfunctional democracy” and he lays it all out in this clip from “The Daily Show.” Meanwhile, Jon Stewart gives an alternate translation for “e pluribus unum”: “We’re winging this.” Sounds about right.  —KA

The Daily Show With Jon StewartMon - Thurs 11p / 10c
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By kfju47, January 20, 2010 at 2:52 pm Link to this comment

Jon indicated he was unfamiliar with Peter George Peterson.
Some of his Bio:
born June 5, 1926
United States Secretary of Commerce from February 29, 1972, to February 1, 1973 under Richard Nixon.
Chairman and CEO of Bell & Howell from 1963 to 1971
Chairman and CEO of Lehman Brothers from 1973 to 1984
Chairman of the Council on Foreign Relations until retiring on June 30, 2007, after being named chairman emeritus
In 2008, he was ranked 149th on the “Forbes 400 Richest Americans” with a net worth of $2.8 Billion
he received an MBA degree from the University of Chicago Graduate School of Business
In 1985, Peterson co-founded the prominent private equity and investment management firm, the Blackstone Group, of which he is currently Chairman Emeritus.
He was also Chairman of the Federal Reserve Bank of New York between 2000 and 2004.
He heads the Peter G. Peterson Institute for International Economics (Peterson Institute), formerly the Institute for International Economics where he is a close associate of the following
•  Leszek Balcerowicz, former Chairman of the National Bank of Poland;
•  Ronnie Chan, Chairman, Hang Lung Properties;
•  Chen Yuan, Governor of the China Development Bank;
•  Jessica Einhorn, Dean of the Paul H. Nitze School of Advanced International Studies;
•  Mohamed A. El-Erian, Co-CEO and Co-CIO, PIMCO;
•  Stanley Fischer, Governor of the Bank of Israel;
•  Jacob A. Frenkel, Vice-Chairman of American International Group and former Governor of the Bank of Israel;
•  Timothy F. Geithner, President, Federal Reserve Bank of New York;
•  Maurice R. Greenberg, former CEO of American International Group;
•  Carla A. Hills, Chairman, Hills & Company; former United States Trade Representative; former Secretary of Housing and Urban Development; former Assistant Attorney General of the United States;
•  Nobuyuki Idei, former Chairman of Sony Corporation;
•  Lee Kuan Yew, former Prime Minister of the Republic of Singapore;
•  Reynold Levy, President of Lincoln Center for the Performing Arts;
•  Harold McGraw III, Chairman, President and Chief Executive Officer, The McGraw-Hill Companies;
•  Mario Monti, former European Commissioner;
•  Paul O’Neill, former United States Secretary of the Treasury;
•  David O’Reilly, Chairman of Chevron Corp.;
•  James W. Owens, Chief Executive of Caterpillar Inc.;
•  David Rockefeller, former chairman of Chase Manhattan Bank;
•  Renato Ruggiero, former Director-General of the World Trade Organization;
•  Edward W. Scott, cofounder of BEA Systems;
•  Lawrence Summers, former United States Secretary of the Treasury;
•  Jean-Claude Trichet, President of the European Central Bank;
•  Laura D’Andrea Tyson, former Chairman of the President’s Council of Economic Advisors;
•  Paul Volcker, former Chairman of the Federal Reserve;
•  Marina v.N. Whitman, Professor of Business Administration and Public Policy at the Ross School of Business;
•  Ernesto Zedillo, former President of Mexico.
I hope that provides the reader with a clear idea of who Peter G. Peterson is.

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By John, January 19, 2010 at 5:31 pm Link to this comment
(Unregistered commenter)

This is a disappointing performance by Jon Stewart. 
David Walker and the Peter G. Peterson Foundation he
works for are part of the latest attempt to loot
Social Security.  Excellent articles detailing this
by William Greider and economist Dean Baker have
recently appeared.  Stewart seemed unaware of this,
given that he didn’t even ask about it.  He seemed to
be promoting Walker’s alarmist technique of adding
together year after year of future expenses to
produce scary-big numbers, rather than calling him
out on it.  Maybe next time he’ll do better. 
http://www.thenation.com/doc/20100111/greider

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By Maani, January 19, 2010 at 1:06 pm Link to this comment

Even better than this was Stewart’s rant on the MA election.  TD should post that one as well.  He really gives it to the Dems for screwing up.

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