Is the Drama Around the White House Correspondents' Dinner Worth It?
*By Tracey Cheek*
In a sharp contrast to years past, the White House Correspondents' Dinner will not feature a class clown, but a professor ー First Amendment historian Ron Chernow.
The sober-minded selection comes after comedian Michelle Wolf's take-no-prisoners routine at the last event in April ー her jabs at Sarah Huckabee Sanders, in particular, incited outrage from the White House and some of the reporters in attendance.
“\[Chernow is\] not going to be controversial, he’ll be a very ‘eat your vegetables’ performer," said Jon Levine, media editor at The Wrap
Chernow ー a significant deviation from the likes of Stephen Colbert and Wanda Sykes ー is best known for his thick volumes on American presidents. Perhaps most notably, his book on Alexander Hamilton inspired the hit Broadway musical and cultural phenomenon, “Hamilton.”
But does it really matter who gets up and tells jokesー or in this year's case, gives a history lesson ー to a group of journalists? Levine said that the White House Correspondents' Dinner has been criticized as an access journalism event, and for all the rumblings, it's not particularly important.
“The event has gotten criticism since as long as I can remember," he said." From a lot of journalists who say it’s weird to sort of be writing all this very tough coverage about Trump or Sarah Sanders or whatever, and then you go there and have drinks with everybody and pal around. It's a little strange.”
President Trump has not shown up to a White House Correspondents dinner since taking office, in contrast to his predecessors, and Levine is positive that this year will be no exception.
“There is not a question, he will not show up,” he said.
“It’s clearly just not his thing. He knows that he goes after the press every single day. It would be a hostile audience. It would be at best awkward.”
John Quelch, Dean of Miami Herbert Business School, joins Cheddar News' Closing Bell, where he says the retail giant is acting in accordance to President Biden's new law banning goods from China's Xinjiang region. Quelch also elaborates on the importance of China in Walmart's overall strategy.
Cheddar's Chloe Aiello has our cannabis year-in-review, breaking down how several states legalized adult recreational use and greenlit medicinal use in 2021. She noted that while a cannabis legalization and decriminalization bill was introduced in Congress this year, potential FDA involvement in the industry, as well as a 25 percent excise tax, killed any chance the bill had of moving forward. Aiello also speculated that some form of cannabis reform could be rolled out in 2022, as the midterm elections draw closer.
Jim Worden, Chief Investment Officer at Wealth Consulting Group, joins Cheddar News' Closing Bell, where he says the period between Christmas and New Year's is difficult to predict due to a lack of institutional volume, with the Omicron variant adding even more uncertainty on Wall Street.
Prices at the pump this year reached a seven-year high, and a new forecast from GasBuddy shared with CNN predicts that gas prices will only continue to rise in 2022 and that the national average could even reach $4.00 a gallon; however, analysts at GasBuddy say anything could happen when it comes to gas prices in the future, as the pandemic has made it difficult to make any predictions about the economy. Consumer Energy Alliance federal policy advisor Michael Zehr joins Cheddar News' Closing Bell to discuss.
