Stewart v. Cramer: Caught in the ‘Crossfire’?

Mar 13, 2009 8:16am

ABC News’ Rick Klein reports: Jon Stewart’s much-publicized confrontation with Jim Cramer did not disappoint. The fake newsman delivered a devastating critique of the financial pundit — who, uncharacteristically, was left chastened and struggling for words as Stewart rolled clip after clip portraying the CNBC “Mad Money” host as part of the financial world’s problems. “I understand that you want to make finance entertaining, but it’s not a f—– game,” Stewart told Cramer, on “The Daily Show” Thursday. “We’re both snake-oil salesmen to a certain extent. . . . But we do label it ‘snake oil’ here.” Another piece of the evisceration: “I can’t reconcile the brilliance and knowledge that you have of the intricacies of the market with the crazy . . . I see you do every night.” The exchange is drawing quick comparisons to Stewart’s 2004 riff on CNN’s “Crossfire,” where he dismissed Paul Begala and Tucker Carlson as “partisan hacks.” CNN later canceled the program. What do you think? Will Cramer and his show change as a result? Is this a good thing for the Obama administration, which could use allies taking on the financial punditocracy right now?

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