Jon Stewart hands CNBC their ass

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    Mar 13, 2009 7:19 AM GMT
    It's too bad the ass-du-jour was Cosmo, here. He was brave to jump into this.

  • Sayrnas

    Posts: 847

    Mar 13, 2009 10:30 AM GMT
    I <3 you Jon...and your a dick CNBC guy!
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    Mar 13, 2009 11:57 AM GMT
    Yeah that guy is a jerk, he stutters too much and is definitely all over the place and cannot give a linear answer.
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    Mar 13, 2009 12:27 PM GMT
    Cramer totally caved. He was totally unable to articulate even a minimal defense. It was astonishing.

    "Stewart charges Cramer, CNBC colleagues are complicit in economic meltdown"

    "Stewart blamed Cramer and cable network CNBC for being irresponsible cheerleaders in the lead-up to the stock market meltdown."

    http://www.cnn.com/2009/SHOWBIZ/TV/03/13/cramer.stewart/index.html

    There are two other parts to that show:



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    Mar 13, 2009 12:56 PM GMT
    That was by far one of the best Daily Show interviews ever. I just watched all 3 clips. Very well done, Jon
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    Mar 13, 2009 1:17 PM GMT
    I have watched CNBC for years, and I used to watch Kudlow and Cramer. Cramer is over the top but is not a stupid man, and surprisingly is a Democrat (Kudlow worked for Reagan).

    That being said Cramer is also an entertainer who people actually listen to when it comes to advice on investing. That is really unfortunate. Nobody can predict with much accuracy what a particular stock is going to do going forward, and the really good stock analysts will avoid committing themselves.

    During the dot-com bubble years CNBC's TV commentators were also in the cheerleading mod. That is why I watch Bloomberg TV or the Business News Network (Canadian). They provide sober, in-depth commentary, not hype. But they are not entertaining, so most people would get bored watching them.
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    Mar 13, 2009 1:31 PM GMT
    That was brilliant. I love The Daily Show!
  • MikemikeMike

    Posts: 6932

    Mar 13, 2009 1:34 PM GMT
    It is never a good idea to just take direction when investing. You really have to do your own homework.

    Cramer is a very smart man and a genuinely nice guy-very type A hyper. I have spoke with him personally, he has one of the nicest shore properties here in NJ. He has made millions in the stock market, so he is a pretty damn good predictor. He does the show for fun, but he would be the first to say he's not the greatest comedian.

    As far as wit, Stewart is quicker, as far as watching the maket, I would give the upper hand to Cramer, it's all he does.

    Cramer supports gay men-Stewart makes fun of them!!icon_idea.gif
  • kaccioto

    Posts: 284

    Mar 13, 2009 2:42 PM GMT
    SurrealLife said That is why I watch Bloomberg TV or the Business News Network (Canadian).


    i <3 tom keene, but even he's not immune to lobby groups..

    some chuckles, but nothing from the already obvious..c'mon if you need stewart to 'expose' cramer, then i got two bridges.
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    Mar 13, 2009 8:32 PM GMT
    Stewart seen as winner in showdown with Cramer

    http://www.cnn.com/2009/SHOWBIZ/TV/03/13/cramer.stewart.reaction/index.html
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    Mar 13, 2009 8:39 PM GMT
    I heart Jon...

    seriously...

    Heart.
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    Mar 13, 2009 8:45 PM GMT
    yea, Stewart shredded Cramer. I'm sure C's all like, "He's just a comedian, makin fun of things. He's not a REAL financial consultant..."
  • Aquanerd

    Posts: 845

    Mar 13, 2009 8:45 PM GMT
    While Stewart can be funny, the sad thing is that his show has become THE source for news for enough people that the mainstream news networks have seen the need to compete on his level.

    I find him completely disingenuous. in the way he is going after his defacto competition, with his holier than thou sarcastic attacks.
  • GQjock

    Posts: 11649

    Mar 13, 2009 10:03 PM GMT
    I find him completely disingenuous. in the way he is going after his defacto competition, with his holier than thou sarcastic attacks.

    Err..... That would be the premise of the show icon_confused.gif

    Jon Stewart has basically....singlehandedly exposed the lying tool of a media we have right now
    and yes ... he has become the de facto news commentator for a large segment of our population
    mainly the younger more media savvy group who know how the television media especially has been crippled and turned into a largely republican - business mouthpiece that does not break news any longer and gives us pablum instead

    I thought the interview was typical for Jon
    I figured at any moment Jim Cramer was going to either cry or he was going to throw up

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    Mar 13, 2009 10:12 PM GMT
    Just sat through all 3 of the uncut footage. A bit different from what was air'd, eh? :-) Much better interview uncut for sure. Tks Mic and Cas would never have seen it. I did feel a little let down from the air'd stuff...
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    Mar 13, 2009 10:12 PM GMT
    SurrealLife said

    During the dot-com bubble years CNBC's TV commentators were also in the cheerleading mod. That is why I watch Bloomberg TV or the Business News Network (Canadian). They provide sober, in-depth commentary, not hype. But they are not entertaining, so most people would get bored watching them.

    Yeah, there was a time (like 10 years ago) when CNBC was pretty responsible journalism. But as soon as the network realized Maria could be a sexy celebrity personalty, instead of a reporter, it seems the whole network went towards "business entertainment" rather than "business reporting".
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    Mar 14, 2009 5:10 AM GMT
    MikemikeMike said...Cramer supports gay men-Stewart makes fun of them!!
    Stewart is a complete and utter supporter of gay rights, marriage, life. Stewart CAN make fun of them because they're his peeps.
  • styrgan

    Posts: 2017

    Mar 14, 2009 5:26 AM GMT
    I like both Jon and Cramer, so for me this was a tough one...

    I thought Jon was completely unfair about Cramer's comments on short-selling. The way regulators and hedge funds deal with a market thats going from 9000 to 14000 should be totally different than when dealing with a market that's going from 14000 to 7000. Taking clips on short-selling from a different time was below the belt.

    And he should not really be held responsible for the failure of CNBC's reporting on the financial crisis. His show is not really investigation-focused.

    I have been furious with Cramer though for calling Obama a Communist daily and flipping out about getting all your money out of U.S. equities where Obama can't effect it. Even if he's a lifelong Democrat, it's totally not productive with all the challenges we're facing.

  • calibro

    Posts: 8888

    Mar 14, 2009 5:32 AM GMT
    MikemikeMike said

    Cramer supports gay men-Stewart makes fun of them!!icon_idea.gif


    That is so wrong. Have you not seen his interview with Mike Huckabee? I've never seen any person in the media challenge and defend gays as well, intelligently, and honestly as he did in that exchange.
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    Mar 14, 2009 6:20 AM GMT
    styrgan saidAnd he should not really be held responsible for the failure of CNBC's reporting on the financial crisis.
    I think you may be missing the bigger point that Stewart was making when he said to Cramer, "this song's not about you..." as Cramer kept trying to defend himself. Stewart's point was directed at infotainment journalism, which has completely buried real journalism. Cramer's just a tiny part of the problem.
  • Starboard

    Posts: 242

    Mar 14, 2009 6:20 AM GMT
    What was most amazing about the episode was that CNBC allowed that train wreck to happen at all. Why would they let Kramer go on the show to get pummeled (Jon had been bruising him up pretty badly for weeks)? Kramer and CNBC have lost any credibility they had been just barely holding onto up until last night.

    And despite Jon's best efforts, I still don't think that Kramer gets it. To the very end, Kramer was shrugging his shoulders and blaming the CEO's for not being honest with him. He never really seemed to grasp that as a financial news organization, CNBC had an obligation to fact-check the information it was reporting. Kramer also seemed to be emotionally numb to the irony and arrogance of a financial news organization that would criticize Americans for making unwise financial decisions when their own financial advice was critically flawed if not criminally negligent.
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    Mar 14, 2009 6:47 AM GMT
    Glad Jon Stewart's on our side.
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    Mar 14, 2009 9:30 PM GMT
    Holy crap. OUCH. I'm pretty sure having my skin peeled off would have been less painful than having that interview. icon_eek.gif
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    Mar 14, 2009 9:36 PM GMT
    I likened it to James Frey going on Oprah. Cramer had to fall on his sword. He knows Jon's viewer numbers and he had to try to speak to them.
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    Mar 15, 2009 10:35 AM GMT
    I find it funny, and scary, that anyone gets any of their info from either one of these two entertainers. Stewart for news and Cramer for investing advice. Really? They are both entertainers. They live or die by ratings. Does anyone really listen to either for either? Kinda sad for you. Why?