Sometimes economics is not that difficult to decipher. Unless of course you lack memory as CNBC seems to. This kind of comedy is too simple, all you have to is put in the time to review tapes.

Every one knows that much of economics is a confidence game and business is built on relationships of trust. Today confidence and trust have been decoupled from empirical evidence and facts. It has descended into tribal alliances. This poses two problems:

1. American Business leaders have accomplished based on a system of tribal alliances over evidence (power ponzi scheme) and are now incapable of running their business’ based on sound evidence. They need to be replaced. Quickly! 
2. No one losses credibility but rather are permitted to rewrite past events and continue to control policy. This was the modus-operandi of the Bush administration. If public figures, whether in politics or the media, were threatened with the loss of credibility and a livelihood may be they would be more careful with what they put in the public domain.

Thomas Economics