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What Olbermann does is subjects the statements and behavior of our most powerful government officials to critical scrutiny. That used to be the defining attribute of a "journalist." Now, it is disqualifying behavior.
I just want to point out that this sort of scrutiny is exactly what Jon Stewart does on Comedy Central, and he does not spare Democratic politicians from his pointed barbs when they engage in hypocritical behavior.
Strangely, this is what also makes him a good comedian, unlike Fox News feeble attempts at comedy that are not only juvenile, but only directed at Democrats.