Stewart v. Cramer: Caught in the ‘Crossfire’?
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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Jon Stewart is the only one cutting through all the BS and telling it like it is. Cramer is really despicable and CNBC is basically a farce. I was glad Stewart did his homework and struck a more serious tone. If there’s one good thing about this horrible economy, it’s that people are tired of being lied to and want facts they can use to stay afloat. Viva The Daily Show!
Posted by: lsigalov | March 13, 2009, 8:28 am 8:28 am
Snake oil salesman – perfect description for what Cramer does for stockholders
Posted by: Bob | March 13, 2009, 8:45 am 8:45 am
One important point you missed, was that Stewart repeatedly reminded us that he wasn’t uniquely criticizing Cramer, but CNBC as a whole. So if someone’s gonna be fired/canceled…it should probably be the entire channel.
Posted by: robo | March 13, 2009, 8:52 am 8:52 am
Jon Stewart?
A guy with a comedy show on the Comedy Channel. Am I supposed to take him serious???
Posted by: Angie | March 13, 2009, 9:07 am 9:07 am
Cramer didn’t come on to fight he was actually involved in some pretty serious mea culpa throughout . . . which made for a fairly tepid exchange–Stewart hitting him again and again and Cramer acknowledging the shortcomings.
Having said that we have to somehow give Cramer credit for copping to what was wrong about his show and the network.
And having said that, let’s not lose sight of the fact that Stewart, if he really imagines that television serves as an ever vigilant watchdog of truth, is naive. I suspect he knows better and that his outrage is rhetorical.
Posted by: mrfmrf | March 13, 2009, 9:12 am 9:12 am
Yes, Cramer is unfairly the face of the industry in general. And it isn’t just CNBC but all of the financial reporting in the traditional media with very few exceptions.
I don’t think anyone’s getting fired/canceled over this. I don’t think it was Stewart who brought down Crossfire, either, though he may have helped put another nail in the coffin.
Posted by: ICDogg | March 13, 2009, 9:14 am 9:14 am
You just couldn’t resist associating Jon Stewart to the Obama adminstration, could you? I mean, it’s like that Jon Stewart could’ve just been calling these hacks for what they really are. After the theatrics The Santelli guy put up the other day, you don’t think normal people can see them as being publicity hacks? Obviously when these so call experts turn into critics of the administration isn’t it fair for others to call their lies out?
Posted by: D. | March 13, 2009, 9:15 am 9:15 am
“A guy with a comedy show on the Comedy Channel. Am I supposed to take him serious???”
You’ve obviously never seen the show.
Posted by: silky | March 13, 2009, 9:16 am 9:16 am
“And having said that, let’s not lose sight of the fact that Stewart, if he really imagines that television serves as an ever vigilant watchdog of truth, is naive. I suspect he knows better and that his outrage is rhetorical.”
I think the “watchdog of truth” thing is a stretch, but it is not without impact and should be respected accordingly.
Posted by: silky | March 13, 2009, 9:18 am 9:18 am
Jon Stewart summed it up best by pointing out many on Wall Street, including guys like Cramer & CNBC, used our 401(k)’s and retirement to fund their adventures. Stewart may be a comedian but his level of intelligence and his willingness to look truth in the face make him a good element for America.
Posted by: rwrsok | March 13, 2009, 9:23 am 9:23 am
The bigger issue that satirist Jon & crew are working on is that, as a whole, America’s BS meters are turned off.
Satire is a hugely effective tool to point out all the discrepancies in the right’s politics and now the financial “sector”.
Viva the Daily Show and the Colbert Report.
Posted by: Wayne R. | March 13, 2009, 9:26 am 9:26 am
It is sad state of affairs with regards to news these days. I have practically given up on the actual news channels. I get more pertinent information from the Daily Show. Stewart’s heart certainly is in the right place and he really does care. Thanks Jon for shedding light on this industry wide corruption. American capitalism has run amok for way too long now. We have total lost our morals in our quest for the almighty dollar. We have been fleeced by Wallstreet executives.
Posted by: bravebrick | March 13, 2009, 9:27 am 9:27 am
FAKE NEWSMAN
HUH….I WISH THERE WERE MORE “FAKE” NEWSMAN LIKE JON STEWART…
WHO IN ABC ASKED QUESTION ON FINANCIAL NEWS CHANNEL BLUNDERS…WHY NOT…
JON STEWART IS ACTUALLY ON RIGHT TRACK…
Posted by: bc | March 13, 2009, 9:29 am 9:29 am
Video tape speaks for itself and shows that Cramer and other wall street types are hypocritical, two faced snakes out to make a name and a buck for themselves just like the rest of the cabel news media. If they all care about the Country and are trying to inform about the facts, then why don’t they have any stories about “real” people in America instead of interviewing one bloviating talking head after another.
Posted by: Kate1149 | March 13, 2009, 9:29 am 9:29 am
“Satire is a hugely effective tool to point out all the discrepancies in the right’s politics and now the financial “sector”.”
Unfortunately, many of those who would benefit the most from the message are incapable of comprehending satire, so the point is lost.
Posted by: silky | March 13, 2009, 9:29 am 9:29 am
NBC hyped this Cramer v. Stewart clash all week and went SILENT this morning.
Stewart schooled Cramer and CNBC so bad that the NBC suits enforced an embargo.
I hope the CNBC cheerleaders, all of them, were chastened, and I hope they’ll stop kissing corporate butt, at least for a day or two!
Posted by: Mike C | March 13, 2009, 9:33 am 9:33 am
It’s ironic that a comedy show has become one of America’s guardians of truth and justice by repeatedly taking the so-called “professionals” who bring us the faux news to task for constantly failing to do their job, lacking integrity, not asking the hard questions, and outright deceiving the public. The genius behind shows like the Daily Show and The Colbert Report is they manage to do the job the professional journalists should be doing, better, and all the while entertain us at the same time. They perform the same valauable function that much of Benjamin Franklin’s satire did for the Republic in the early days. America’s Founding Fathers would be extremely proud of John Stewart, Stephen Colbert and TheOnion.com for their service to the nation!
Posted by: Dave | March 13, 2009, 9:34 am 9:34 am
“Jon Stewart?
A guy with a comedy show on the Comedy Channel. Am I supposed to take him serious???”
Jon Stewart and and the Daily Show has won awards for journalism (like the Peabody award), so maybe taking him somewhat seriously isn’t bad when he’s being serious.
But I just watch the show for the for the laughs. The smart commentary is just an occasional bonus
Posted by: Calis | March 13, 2009, 9:35 am 9:35 am
I think Jon Stewart is a little over qualified for Comedy Central.
Posted by: Joe | March 13, 2009, 9:36 am 9:36 am
“But I just watch the show for the for the laughs. The smart commentary is just an occasional bonus”
Exactly.
Posted by: silky | March 13, 2009, 9:36 am 9:36 am
There is an even wider failure. Cramer is part of a culture goimng back to the McLaughlin Group show on PBS, in which volume and vehemence, which make great theater, are mistaken for cogent discussion. The fact that one is loud and emphatic does not make one right. For those of a religious inclination, I would remind them of a prophet who experienced violent thunder and lightening, but found God in the “still, small voice” after the storm.
Posted by: Jim H | March 13, 2009, 9:43 am 9:43 am
Jim Cramer is just the latest person to be publicly humiliated; in an attempt to silence him, because he criticized Obama’s policies on Mad Money. This is the real issue that should cause the people capable of understanding satire concern, but somehow I doubt that is the case.
Posted by: whathappened08 | March 13, 2009, 9:43 am 9:43 am
John Stewart is a gifted entertainer with a brain, I highly enjoy his show as one of my favorites. He always seems to cut right through the BS and tell it like it is, as often as not making jest of himself as well as others. I look at it from the perspective, this is his business, both political satire and incisive interviews, why be either surprised of offended? He got the better of Kramer in the interview, apparently he came poorly armed, which is not usually the case, there have been many spirited discussions on his show, and the guest is always allowed to speak freely as well. If you strongly disagree with his opinions or his style, watch something else. It’s a choice, that’s why I dont watch Fox.
Posted by: iamwomaninMI | March 13, 2009, 9:54 am 9:54 am
I like Cramer. But Stewart was right. Hammer these SOB’s when they get on your show, don’t baby them.
Posted by: Elysian | March 13, 2009, 9:55 am 9:55 am
“Jim Cramer is just the latest person to be publicly humiliated; in an attempt to silence him, because he criticized Obama’s policies on Mad Money. This is the real issue that should cause the people capable of understanding satire concern, but somehow I doubt that is the case.”
Jim Cramer took the beating because the was the guy from CNBC willing to man-up and go on the Daily Show. Santelli was originally supposed to go on, but he ducked out at the last minute and made Jon weeeeee bit peeved and he took it out on CNBC.
Posted by: Calis | March 13, 2009, 9:55 am 9:55 am
I love Jon Stewart. For a “fake newsman” he’s really gets to the truth of a matter much faster than our current crop of journalists (except Chuck Todd who is our premier political pundit at the moment.)
I’d love to see Jon Stewart go after Rick Klein. How great would it be to see Stewart rip Klein apart for his reightwing bias? Oh, it would be so great.
Posted by: Amy in Maine | March 13, 2009, 9:57 am 9:57 am
Maybe Mr. Stewart is in the wrong line of work … does he fancy himself as a politician?! What IS it with this hollywood types who feel compelled to “fix” the country? He is an “entertainer” … and I am not inclined to listen to his ridulous rants about anything substantial. Really, come on, his soapbox is nothing but a lame excuse to boost ratings!!!!
Posted by: js from tx | March 13, 2009, 9:57 am 9:57 am
So why is it that Stewart hasn’t come down hard on Barney Frank, too. You know, the guy who said that Fannie and Freddie was doing just fine about 8 months before the market collapsed. Stewart is a pretty unintelligent person who just plays a smart guy on TV
Posted by: Barbara | March 13, 2009, 10:04 am 10:04 am
“Maybe Mr. Stewart is in the wrong line of work … does he fancy himself as a politician?! What IS it with this hollywood types who feel compelled to “fix” the country? He is an “entertainer” … and I am not inclined to listen to his ridulous rants about anything substantial. Really, come on, his soapbox is nothing but a lame excuse to boost ratings!!!!”
Who care what the medium is? Right is right. And what is it with some people with their insatiable need to label people? It’s a sign of wicked insecurity and a lack of appreciation for complexity. Hey, maybe if I can box this guy up for a thought he’s expressed I can keep myself from jumping out the window on days when Jesus Clause just isn’t getting it done!
Posted by: silky | March 13, 2009, 10:04 am 10:04 am
“Stewart is a pretty unintelligent person who just plays a smart guy on TV”
Let’s see, unless you know him personally, all you know about him is who he “plays” on TV. So, logic would dictate that all you know about him is that he looks smart. Way to get your point across.
Posted by: silky | March 13, 2009, 10:06 am 10:06 am
I’m a liberal democrat and I don’t much like Jon Stewart, but there are times when he is admittedly brilliant at politics. He is capable and prepared to call out people that aughta be called out. If you’re gonna fight with Jon you better be equally prepared or he’ll rip you to pieces.
Posted by: Scott | March 13, 2009, 10:09 am 10:09 am
“Let’s see, unless you know him personally, all you know about him is who he “plays” on TV. So, logic would dictate that all you know about him is that he looks smart. Way to get your point across”.
My-my-my Silky … are you perhaps a little touchy on the subject of Jon Stewart?! I think maybe you should start watching something other than the Comedy Channel!!!!!!!!!!!!!
Posted by: js from tx | March 13, 2009, 10:11 am 10:11 am
Not at all touchy. Just pointing out a flaw in your argument. I haven’t watched Stewart regularly in a few years. I just watch clips that people send me for the most part. Most of which are spot on.
Posted by: silky | March 13, 2009, 10:13 am 10:13 am
Jon Stewarts an Idiot! Never could stand that self-rightous hack!
Posted by: rocket | March 13, 2009, 10:16 am 10:16 am
“Jon Stewarts an Idiot!”
You missed an apostrophe and “idiot” should not be capitalized.
Posted by: silky | March 13, 2009, 10:23 am 10:23 am
I love Stewart,but I believe he is overreacting in this situation. Cramer is a FORMER hedge fund manager who is uniquely qualified to comment on the current situation.He is not in it for personal gain(although he does operate a charitable trust).His antics are designed to make the world of finance interesting to the average Joe, much the same as Stewart’s comedy makes news and politics interesting to the same audience.Stewart says “this is not a effin game”…neither is politics and war. As for CNBC…they have analysts from all political persuations. I’ve heard many different opinions about the causes/fixes for the financial crises.There are those at the network that have “called out” those who needed calling out.
Posted by: utoad9 | March 13, 2009, 10:25 am 10:25 am
Watching this made me realize how truly pathetic our press corps is and how rotten to the core modern journalism has become. It is truly sad that a comedian hosting a “fake news” show is leading the way and showing how true journalists are supposed to behave. It was a brutal indictment of our “village” idiots who more often than not looked the other way while the Bush administration commited high war crimes and trashed the constitution.
Posted by: Student Dr. Dean | March 13, 2009, 10:25 am 10:25 am
“Let’s see, unless you know him personally, all you know about him is who he “plays” on TV. So, logic would dictate that all you know about him is that he looks smart. Way to get your point across”.
My-my-my Silky … are you perhaps a little touchy on the subject of Jon Stewart?! I think maybe you should start watching something other than the Comedy Channel!!!!!!!!!!!!!”
Or you could look into some interviews of Jon Stewart and make judgments based on that. He really doesn’t come across as stupid. Just because you don’t agree with someone, doesn’t make them stupid.
And before you start, yes, I do enjoy Jon Stewart on the Daily Show. Yes, he does have strong opinions about current events and he does use the fact that he’s an entertainer to shield himself from criticism and try to avoid any kind of journalistic responsibility.
Posted by: Calis | March 13, 2009, 10:44 am 10:44 am
Some media pundits remind me of listening to rightwing radio rants by “entertainers” These folks are woefully ill informed, uneducated and so full of themselves, they can’t see the forest between the trees. Most folks can cut through all of the BS and see everything for what it really is. Jon Stewart put this clown in his place!
Posted by: Denise | March 13, 2009, 11:18 am 11:18 am
Never watched.
Is Stewart more of a conservative or a liberal?
Just curious….
By ‘never watched’ I don’t get his channel on my tv.
Posted by: Julie | March 13, 2009, 11:46 am 11:46 am
I’m personally very grateful to Stewart. He voiced exactly what I’ve been thinking. And I don’t think it applies to just Cramer. My hope is that this episode is “instructional” for all in the media, and under current circumstances, particularly for the CNBC brigade.
Posted by: TheNest | March 13, 2009, 12:00 pm 12:00 pm
It is ironic that the commercial before the 3rd segment of Stewart’s interview posted on The Daily Show website is from Bank of America.
The most incisive interviews I have seen in the last 6 months have been by David Letterman and Jon Stewart. This is not to say that “real” journalists suck so badly, it is to say that their media holding companies care less about honest reporting than they do about revenue and not ticking off business leaders and politicians.
Where is the Justice Department? Why aren’t they moving faster when there is pretty blatant criminal financial activity – waves and waves of it? Hands tied because the Financial Services industry is the #1 political campaign donor to both parties???
Posted by: Greg | March 13, 2009, 12:01 pm 12:01 pm
Stewart keep telling it like it is. The Loud mouths repukes are hollering “fire” now, and when they lit the match, all ran for cover. What did they expect. Just another loudmouth to try and sell to the American people that the President is not putting out the same “fire” that they caused.
Posted by: sngeorgia | March 13, 2009, 12:04 pm 12:04 pm
Hollywood “types”….well they are Americans too…many who contributes to worthy causes in the world. They choose a profession like some of us choose ours. That doesn’t mean they’re Un American or Stupid, does it? I’m glad many of them uses their “hollywood types” to do good in this country. Uh, like Brad and George…..rebuilding homes and helping others, filling a void in our nation that we choose to ignore!!!!!!
Posted by: sngeorgia | March 13, 2009, 12:14 pm 12:14 pm
“Never watched.
Is Stewart more of a conservative or a liberal?
Just curious….
By ‘never watched’ I don’t get his channel on my tv.”
He tends to be Liberal, but still gives Democrats grief when they leave themselves open.
Go to http://www.Hulu.com, it has recent Daily Show’s on it.
Posted by: Calis | March 13, 2009, 1:03 pm 1:03 pm
Jon Stewart is dead on.
Satire, as any great art, especially with politics has always been a way to cut through the fog and expose truths in a creative way.
Bring it On!
Expose these loudmouths who have profited greatly, but don’t take any responsibility.
Posted by: Picasso | March 13, 2009, 1:46 pm 1:46 pm
Jon Stewart Is an Independent Lean Democrat But he calls Out BOTH PARTIES When they aint Right!
Posted by: ANGIE IN PA | March 13, 2009, 2:41 pm 2:41 pm
Stock anaylist Don Harrold has been eviscerating Cramer online for years. Where have you been John, this is rather late! TOO late in fact, the same could be said about YOU John!!!
Posted by: hmn... | March 13, 2009, 2:42 pm 2:42 pm
It amazes me that Mr. Stewart calls himself a “fake” newsman. Jon Stewart did in one show what the media, including ABC News, failed to do in the last eight years- speak truth to power.
Maybe you should all aspire to be “fake.”
Posted by: Pat | March 13, 2009, 2:42 pm 2:42 pm
I am amazed at Jon Stewart’s clarity. He is the only network calling these people. Thank god for Comedy Central.
Posted by: paulette Moore | March 13, 2009, 4:25 pm 4:25 pm
ABC – go away. Where were you?????????!!!
Posted by: paulette Moore | March 13, 2009, 4:33 pm 4:33 pm
All I know was I watched it thinking it would be a small smack-a-rooni, and then JS tossing a few more “faces” at “the peacocks”.
But I was totally unprepared for how angry he was. I was watching the unedited clips, and when he started rolling those Cramer clips, my jaw hit the floor and stayed there.
He wasn’t just saying “Hey, you need to do a better show”, he was saying “Why did you encourage this barely legal activity in your own hedge fund”.
If I were Cramer, I wouldn’t be worrying about my show’s ratings. I’d be more worried about a possible SEC raid on my former hedge fund files – or perhaps having to escape some alien death squad sent by Steve Jobs when he finds out Cramer was trying to punch holes in Apple stock.
This was *nothing* like Crossfire. That was funny as hell. This was sickening to watch.
There was *nothing* that could have prepared Cramer for the buzzsaw he ran into. Nothing.
Posted by: Ariel | March 13, 2009, 4:43 pm 4:43 pm
I think the CNBC business show should be replaced. The show as it is run today is completely incomprehensible.
As an example, they frequently have a large panel of so-called “experts”, made up of as many as six people, all talking at the same time.They are like a tower of Babel.
i
Posted by: jack | March 13, 2009, 4:48 pm 4:48 pm
It’s very surprising me that Jon Steward doing a job so well. He is seriously preparing his homework. He is brilliant, and funny. He is a most “dangerous comedian” in our lifetime.
Posted by: olivia | March 13, 2009, 4:55 pm 4:55 pm
Jon Stewart is as liberal as they come. his views on the news are skewed to a very liberal agenda and nothing else. this is pleasing to the liberal college students.
Its OK going after Cramer, but he wasnt doing anything different to a financial adviser or trader/broker.
But now he’s done this why doesnt he have a go at Nancy Pelosi for wasting tax payers money & Franks/Dodds for misleading us on the financial crisis and telling us fannie/freddit are ‘sound’ investments.
Posted by: D | March 13, 2009, 5:10 pm 5:10 pm
Jon Stewart spoke the truth for all of us. ABC and Cramer should be ashamed of the way they took advantage of the American investing public. It must have been like shooting fish in a barrel for them. They are as much a part of the disintegration of our economy as Bernie Madoff.
Posted by: Mac | March 13, 2009, 5:58 pm 5:58 pm
I don’t know why they refer to Stewart as a “fake” newsman. I got more straightforward information from him than any “real” newsman.
Posted by: alr774 | March 13, 2009, 5:59 pm 5:59 pm
Robo asks:
Jon Stewart?
A guy with a comedy show on the Comedy Channel. Am I supposed to take him serious???
Answer:
No, take him “seriously.” And, yes, take him seriously. The real jokers are the ones running things.
Posted by: Mike | March 13, 2009, 6:14 pm 6:14 pm
Throw the bums out! All those talking heads who have been pretending to know what they are talking about should resign. They have damned us with their stupidity; they have ruined America! People like Martin Feldstein, Alan Greenspan, all those financial experts, foreign policy experts, experts on Iraq and experts on America politics. They are still doing their foolish talk on PBS, NPR, CNN, MSNBC, ABC, CBS, BBC and Fox. We need new and fresh voices on the air. We need to clean up our mass media that’s been lying to us for a generation. Jon Stewart is my hero!
Posted by: charleschaplin | March 13, 2009, 6:18 pm 6:18 pm
What has been forgotten about CNBC…
They’re owned by General Electric, which owns several financial services companies which rely on stock market betting.
General Electric was repeatedly accused in the eighties for allegedly keeping bad news about nuclear reactors off their broadcast stations’ newscasts. They produce newscasts and nukes.
Why wouldn’t General Electric give a stage to a guy who ultimately helps them control Wall Street without actually having to own that too?
Perhaps when the feds come knocking on Cramer’s penthouse suite’s door, they’ll have several questions for Jeffrey Immelt too.
We’ve raised this issue before. Too many news readers who live on the Upper East Side and buy a lot of shoes they can afford. Too few news reporters who don’t, and are willing to burn the shoe leather to uncover how those Upper East Siders made their money.
Interesting how ABC and CBS News just put the clip on their evening news, while NBC told its people not to use it. Two broadcast networks who have also fallen down on reporting, but can skewer a rival. And of course, CBS very conveniently ditched MarketWatch to Murdoch. Don’t get too happy folks. The basic point is the news media is all too often in bed with its subjects lately, be it business or political topics on the table.
Posted by: kravitz | March 13, 2009, 11:18 pm 11:18 pm
Putting your faith in Cramer to make you rich is like putting your faith in “God” to keep you safe, employed, and healthy. Offended? The n ask yourself why God stood by and allowed a evil man to shoot and kill a pastor a few days ago “while delivering his sermon?” Cramer is full of $#@* and like most highly paid entertainers, he –like Mush Limpballs–could care less about the impact he has on your finances. Anybody who relies on Cramer for financial advice deserves the losses suffered as the result.
Posted by: Hurry Writeacheck | March 14, 2009, 9:40 am 9:40 am
This show aired and was wildly popular because the stock market crashed – plain and simple. America was looking for a scapegoat and Stewart gave it to them.
I am not here to defend Cramer, but you can’t blame him for the crash of the market. That blame belongs to all of us as citizens of this country who let our run away greed lead us down a path to destruction. It is that greed, incidently, that made CRAMER’s show so insanely popular before the crash.
I am convinced that if this show had aired two years ago, the audience would have booed Stewart when he attacked Cramer instead of cheering him.
Posted by: a different view | March 14, 2009, 9:43 am 9:43 am
Stewart is the answer to Rush. Go Stewart, go!
Posted by: Common Sense | March 14, 2009, 10:17 am 10:17 am
Jon Stewart speaks for many of us. His intelligence shows through his comedy. I’m ready for him to have Limbaugh as a guest on The Daily Show.
Posted by: rwrsok | March 14, 2009, 11:47 am 11:47 am
Unlike alot of talking heads on TV, Jon Stewart does what my Algebra teacher used to tell us.. ‘Show your work’. Stewart just doesn’t rant about the current state of affairs… he shows WHY he is ranting. He absolutely devastaed Cramer with video clips… I almost felt bad for Cramer. He took it on the chin for MSNBC. Will his show change? That will depend on what MSNBC deems will be more profitable… changing the format, or continue to act like they (and only they) can predict the markets. It’s not a matter of morals… but of dollar signs.
Posted by: Troy Street | March 14, 2009, 12:25 pm 12:25 pm
a different view wrote: “I am not here to defend Cramer, but you can’t blame him for the crash of the market. That blame belongs to all of us as citizens of this country who let our run away greed lead us down a path to destruction.”
Bullsh*t! Neither I nor anyone I know was guilty of ‘runaway greed’. Unless you call it greedy to want to earn a decent living by working hard and playing by the rules. Wall Street, in cahoots with an apathetic and ineffective government, creatively used loopholes, deregulation, and bad laws to reap huge sums of money using extremely risky financial instruments. This blew up in their faces, and now we’re all paying the price. I had nothing to do with it.
Posted by: SearamblerOne | March 14, 2009, 12:56 pm 12:56 pm
Kramer is right about Obama’s schemes to destroy the wealth of America and replace it with a socialistic system that will make everyone poorer. Kramer is being treated just anyone who committed the sin of heresy during the Obama’s leftists leanings are quietly (or not so quietly) sympathetic to the ideas of an authoritarian regime. For example, Obama’s cap and trade energy taxes will increase the cost of energy and every other product under the sun which will hurt everyone‘s pocket books, not just the rich. . Obama’s plan to take over the health care industry will result in the rationing of health care which will raise costs and lower the quality of health care for everyone. Remember when Obama stated “You cant drive your SUVs, keep your thermostats at 72 degrees all the time and eat all the food you want.”? That is what Obama’s energy, health care and big government proposals will ultimately lead to. Government control of what cars we can drive, the temperature we can set our thermostat at and how much food we can eat.
Basically, the leftists like Obama all believe in a Master/Slave setup. There should be
a permanent ‘ruling’ class, and everyone else is subject to their
dictates. What many of Obama’s supporters do not realize is that they are absurdly foolish to believe they’ll end up being in
the ruling class once the revolution is over.
Just ask millions of Chinese ‘intellectuals’.
Posted by: Sam | March 14, 2009, 1:41 pm 1:41 pm
Sorry Sam, but your paranoid ramblings about a ‘master/slave’ set-up and ‘socialistic system’ are the same tired old rhetoric the Greedy Old Party has been spouting for months now. Give it up. The GOP is the party of failed policy, failed ideology, and failed leadership. So sorry…..
Posted by: SearamblerOne | March 14, 2009, 5:15 pm 5:15 pm
It is kind of like watching a “moron-fest” as both Cramar and Stewart are both idiots. Sure, Cramar has it correct regarding Obama policies. But wasn’t Cramar the one supporting Obama in the summer? And, ever follow any od Cramar’s stock picks? Lol!
Stewart, what a complete idiot. A buffoon trying to be serious on, lol, the Comedy Channel? Give me a break! If Jon-boy was so great, why does it take a staff of appx. 100 for him to not even be funny? They both suck!
Posted by: TxBoB | March 15, 2009, 7:44 am 7:44 am
How pathetic is CNBC when a comedian can deliver such a scathing smack-down to one of their financial gurus, and not one single person can find any factual errors in what was said! Cramer alternately looked like A) a deer caught in the headlights, and B) a kid caught with his hand in the cookie jar. Stewart and his team did a great job of preparing this piece. Will it change anything? Doubtful. But it sure was entertaining as hell!
Posted by: SearamblerOne | March 15, 2009, 9:08 am 9:08 am
TxBoB posted “Stewart, what a complete idiot. A buffoon trying to be serious on, lol, the Comedy Channel?” What’s wrong TxBob? Don’t you have anything to say about what Steward was saying? All you have is a personal attack. I bet you’re they type of person that cries about the left wing liberal media all day; how they don’t report the truth. This is what Steward accused CNBC of doing. Heck, I bet you didn’t even watch the show. You’re the buffoon.
Posted by: SamTyler1973 | March 15, 2009, 11:42 am 11:42 am
SearamblerOne asked “Will it change anything? Doubtful.” I watched Mad Money Friday night. Cramer was arrogant. He made a joke and then something about putting that joke in there so that people would know he wasn’t going to change. He later made a reference to talk show hosts complaining about him. It just goes to show, Steward was right. Cramer KNEW about this stuff and failed in his job to report it. Cramer wasn’t sorry one bit.
Posted by: SamTyler1973 | March 15, 2009, 11:46 am 11:46 am
John Stewart is a political operative
of the White House.
He only attacked Cramer, a Democrat,
because Cramer has been critical of
the “Messiah”!
Where was John Stewart last July just
before the Finanacial Collapse when
Barney Frank said that Fannie Mae and
Freddie Mac were financially sound?
Stewart gets his talking points from
the President and Rahm Emanuel!
He ceased being a comedian a long
time ago!
Posted by: reaganfan | March 15, 2009, 10:55 pm 10:55 pm
SamTyler1973….sorry, I thought I was watching a remake of Dumb and Dumber, that’s all…lol. Actually, the problem I have with Stewie is that he only blasted off on Cramar when Cramar attacked the messiah. Where was Jon-boy last Fall? Cramar was spewing the same investment garbage then, while Jon was silent regarding that issue. Maybe you see the point? I think the whole event would have played even better on Cartoon Network.
Posted by: TxBoB | March 16, 2009, 7:51 am 7:51 am
TxBob and reaganfan: so your main beef with Stewart is that he – A COMEDIAN – didn’t go after these guys sooner?!?!? And this somehow makes him less credible as A COMEDIAN? And BTW, the only people who ever call President Obama ‘the messiah’ are Republicans. This seems so very……Freudian!
Posted by: SearamblerOne | March 16, 2009, 10:05 am 10:05 am
@TxBoB and reaganfan:
Your arguments lack any originality, I saw them on the O’Reily factor.
So, other than what Mr. O’Reily said, do you have any thoughts of your own on this?
As mentioned before, this was not just about Cramer, Cramer was simply the man who went on faced Jon’s fury. Most of what Jon was raving about was directed at networks and Cramer had the impossible task of trying to answer.
Posted by: Calis | March 16, 2009, 10:38 am 10:38 am