In this short clip the host hypes the "fiscal cliff", browbeats a perfectly reasonable and truthful Raul Grijalva, and lies about this latest generation of retirees being "the most wealthy ever."
CNBC's Michelle Caruso-Cabrera lied that Grijalva's words were tanking the market even as he spoke - an utterly ignorant statement from someone who is a supposed expert on the stock market and the economy:
Caruso-Cabrera said Grijalva's words were literally hurting the economy in real time. It's something that's happened before when members of Congress appear on the air, she added.
Democrats Conscious humans say Caruso-Cabrera was trying to bully the left into supporting entitlement cuts by blaming them for market drops.
A top adviser to House Minority Leader Nancy Pelosi, Faiz Shakir, tweeted this in response to the highly misleading statement by the CNBC anchor:
"CNBC anchor stokes market panic to demand @RepRaulGrijalva give in on Medicare benefit cuts. Grijalva stands firm."
1. The percentage of workers who expect to retire after age 65 has increased to 37%. In 1991, only 11% expected to retire after 65.
2. One third of the working population interviewed expected to retire far past 65 -- at age 70 or older -- or never plan to retire.
3. Most workers, or 70%, expected to work in retirement. But planning to work into your golden years may not be in the cards for everyone. In reality, only 27% of the retirees surveyed said they actually worked.
4. Despite their best intentions, half of retirees interviewed who retired early did so not by choice but for negative reasons, such as health trouble or layoffs.
5. The survey also shows a large percentage of workers would not be prepared for a major financial upset because 30% have less than $1,000 in savings and investments.
6. Many workers report they have virtually no savings and investments.
7. Some 60% of workers report that the total value of their household's savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000.
8. Although financial planners generally recommend setting aside money for retirement starting in your 20s, only a third of retirees said they planned for retirement at least 20 years before they quit working.
Michelle Caruso-Cabrera is a liar. She lies for the benefit of the big money, 1% guests that are most often on here show and agree with her views.