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CNBC Dismisses Ron Paul’s Lead in Poll

November 11, 2011

    Ron Paul Poll Results Dismissed – Again?

    ( – Houston) Following the Republican Presidential Debate on Wednesday night, CNBC ran a poll to see who the folks thought had won.  When the overwhelming response was Ron Paul, CNBC Managing Editor Allen Wastler declared the poll to be “gamed” by Ron Paul suppporters and halted further feedback.  This isn’t the first time CNBC has done this. In 2007, Wastler issued an “open letter to the Ron Paul faithful” sarcastically congratulating them by saying, “You guys are good. Real good. You are truly a force on World Wide  Web and I tip my hat to you.”  He downplayed the results of CNBC polls, saying that “they are really just a way to engage the reader and take a quick temperature reading of your audience. Nothing more and nothing less. The cyber equivalent of asking the room for a show of hands on a certain question.”
    Our question is, where were the supporters for the other candidates and why didn’t they offer a hefty weigh-in as well?  Should Ron Paul’s camp be penalized for being well-organized and seizing every opportunity to support their candidate?  Perhaps CNBC should consider it a possibility that a lot of Ron Paul supporters comprise their audience. In the event that Ron Paul wins the republican nomination for the next U.S. President, are the certified observers at the central counting facility allowed to declare the vote “gamed” if more Ron Paul supporters cast their vote than the supporters of the other candidate(s)?  And if supporters from one of the other camps had responded the way that Ron Paul’s supporters did, would Wastler’s decision have been the same?   Guess we’ll never know.   
    The media has had a field day with Ron Paul in the past by portraying him as a non-contender, giving him little camera time, and dismissing his economic recovery ideas.  This time around, however, he is gaining momentum as a force to be reckoned with. Ron Paul Highlights From The CNBC Debate 11-9-2011
    In response to Jim Cramer’s question regarding the 400-point drop in the market and its effect on the 401k/IRA investor and the banking industry, Paul said:
    “You have to let it (the debt) liquidate.  We took 40 years to build up this world wide debt.  We’re in a debt crisis never seen before in our history. The sovereign debt of this world is equal to the GDP, as ours is in this country.  If you prop it up, you’ll do exactly what we did in the depression – prolong the agony. If you prop it up, you’ll do what Japan has done for 20 years so yes, you want to liquidate the debt. The debt is unsustainable and this bubble was predictable, because 40 years ago we had no restraints whatsoever on the monetary authorities and we piled debt on debt.  We pyramided debt. We had no restraints on the spending and if you keep bailing people out and prop it up, you just prolong the agony, as we’re doing in the housing bubble.  Right now, Fannie Mae and Freddie Mac are demanding more money because we don’t allow the market to determine what these mortgages are worth.  If you don’t liquidate this and clear the market, believe me, you’re going to perpetuate this for a decade or two more and that is very, very dangerous.”
    CNBC asked for a show of hands. Their audience responded. Just because you don’t like the answer does not mean it isn’t the answer.   
    Listen to more commentary about this issue on our radio show. Click here to listen now.
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