White House Raves About Jon Stewart’s Beatdown of Jim Cramer
White House Press Secretary Robert Gibbs said he and President Obama spoke yesterday about the fact that CNBC’s Jim Cramer was set to appear on "The Daily Show" with Jon Stewart last night.
He wasn’t sure if the president caught Mr. Stewart’s bloodletting of the host of "Mad Money," but he himself gave the show a thumbs up.
"I enjoyed it thoroughly," Gibbs said at his daily briefing.
Throughout the show, Stewart went after Cramer for CNBC’s financial journalism, which the Comedy Central host suggested — angrily at times — was corrupt.
Gibbs today said Stewart "asked a lot of tough questions" and that he wasn’t "surprised that CNBC hasn’t put the video on its website."
– jpt

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Comedy Central has posted the entire unedited video (which was longer than shown last night)
I have to give Cramer credit for appearing.
Posted by: Ryan C | March 13, 2009, 2:36 pm 2:36 pm
Here’s hoping the “Obama” organization’s sucking up to Stewart won’t work.
Posted by: Pants on Fire | March 13, 2009, 2:38 pm 2:38 pm
Fraud and abuse helped boost Medicare spending on home health services 44%
————–
Now Democrats will have trillions of our money to make fraud so common you will be numb to it. Just like all the murders that happen in Democrat cities.
Posted by: RAYN | March 13, 2009, 2:45 pm 2:45 pm
Our Smartest Clueless Leader is now searching for soulmate on our economy from comedy central.
Pathetic.
Posted by: two cats | March 13, 2009, 2:45 pm 2:45 pm
Does this mean Jon Stewart is the leader of the Democratic party?
It all is just too odd.
Posted by: MayBee | March 13, 2009, 2:46 pm 2:46 pm
John Stewart Is great He calls out BOTH PARTIES when they aint Right at Least he reports the Truth about Both sides you Know like the Rest of the Media Likes to Hide things!
Posted by: ANGIE IN PA | March 13, 2009, 2:48 pm 2:48 pm
Our Smartest Clueless Leader is now searching for soulmate on our economy from comedy central.
Pathetic.
Posted by: two cats | Mar 13, 2009 2:45:34 PM
===
ps. don’t be mistaken. Cats like Jon Stewart.
Posted by: two cats | March 13, 2009, 2:50 pm 2:50 pm
maybee: surely you are kidding, right?
Posted by: EdDoc80 | March 13, 2009, 2:50 pm 2:50 pm
Obamacrat: lies. Specify EXACTLY when Obama personally attacked those people.
Posted by: EdDoc80 | March 13, 2009, 2:51 pm 2:51 pm
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: Sustentaculum Tali | March 13, 2009, 2:54 pm 2:54 pm
While it is hard to feel sorry for Cramer in light of the video shown during the interview, i did feel for him on some level. This was a Crossfire-esque dissection and repudiation of everything CNBC stood for.Whether fair or not, it should force every news and business outlet in this country to step back and take a good hard look at just what they are selling/reporting/presenting to the American public under the guise of responsible journalism. This should have looked familiar to ABC. Stewart reminded me greatly of the reporting of the late Peter Jennings and Tim Russert. Find the story, tell truth to power, and keep the best interests of the everyday people at the forefront. That is the mark of a good, credible journalist and it’s a d@mn shame that you have to go to Comedy Central to find one.
Posted by: Bob | March 13, 2009, 2:55 pm 2:55 pm
Concerned: which private citizens were attacked?
Posted by: EdDoc80 | March 13, 2009, 2:56 pm 2:56 pm
Odd that Jon Stewart had no ethical issues with Jim Cramer until Cramer criticized Obama. As long as Cramer was endorsing and donating to Obama, Stewart was cool with him. But once he criticized The One, Cramer had to be destroyed. Obama’s enemies list seems to be working well.
Posted by: Exurban Jon | March 13, 2009, 2:56 pm 2:56 pm
obamacrat for palin? Why on earth would you want this ignorant woman for president? I guess you would like Rush for the VP! Good Grief this is so silly to say. She is having to pay back 17k in tax evasions and could not find her butt with both hands!
Posted by: Liz | March 13, 2009, 2:57 pm 2:57 pm
Will this divert attention from the fact that Obama can’t keep anyone in his administration?
Either because they are corrupt or because they don’t want to be a part of BO’s trainwreck.
The thugs better go after Rush again and in a hurry.
Posted by: sammy | March 13, 2009, 2:58 pm 2:58 pm
“0bama and his goons have spent more time attacking private citizens than they have fixing “the greatest crisis of our lifetimes” (only 1 nominee of 18 are filled at Treasury)”
The Ashley Todd attack was a hoax.
Posted by: Ryan C | March 13, 2009, 3:00 pm 3:00 pm
Will pundits now ask every Democratic guest if they dare to say something bad about Jon Stewart?
Posted by: MayBee | March 13, 2009, 3:00 pm 3:00 pm
Exurban John,
You have obviously never watched the Daily Show and should not comment on things that you do not fully understand. It weakens your argument. Stewart attacks hypocricy from both parties, it just so happens that the GOP are a comedic hypocricy goldmine.
Posted by: Sustentaculum Tali | March 13, 2009, 3:01 pm 3:01 pm
Some of the posts here are a bit deep . Our President has been in office two months . The President has set the ship of state from an immature and reckless disregard of facts towards a mature adult course regarding priorities . Why are folks going on about the former administrations clueless corruption and abuse ?
Referring to Jon Stewart as the leader of the Democratic Party ? That is just so odd …
Posted by: FRP | March 13, 2009, 3:02 pm 3:02 pm
exurban jon: You apparantly totally missed Stewart’s points. He criticized Cramer for being asleep at the wheel in not seeing the collapse coming. Cramer was touting Bear-Stearns as a top investment just a couple weeks before the collapse. Stewart’s slam of Cramer had NOTHING to do with Obama, who was not mentioned once.
Posted by: EdDoc80 | March 13, 2009, 3:02 pm 3:02 pm
“Odd that Jon Stewart had no ethical issues with Jim Cramer until Cramer criticized Obama. As long as Cramer was endorsing and donating to Obama, Stewart was cool with him.”
Guess you missed the segment run by Asif Manvi called bald guy and hot chick making fun of CNBC during the financial meltdown in the fall.
Posted by: Ryan C | March 13, 2009, 3:02 pm 3:02 pm
McSame would have been a thousand times better than the liar we have now.
It’s nice to have such a mature White House that’s “nah nah nah nana” -ing all it’s enemies. What a bunch of losers, and Gibbs is the biggest one. The smarm, the smugness, the terrible attempts at humor…what a package.
This White House, in the words that all you Jon Stewart fans will understand, SUCKS.
Posted by: Jackie | March 13, 2009, 3:03 pm 3:03 pm
Thankfully there are people out there who are willing to take these people to task. What a breath of fresh air. First we have a smart intellectual President elected and now a comedian who is more a journalist then our supposed real media. No wonder all these posters are in a panic, they’ve never seen such competence before. Now I would like to see Rush versus Stewart. Rush would be gulping down oxycontin 1/2 way through the show as Stewart used him as a mop.
Posted by: stuart3368 | March 13, 2009, 3:04 pm 3:04 pm
President Obama is doing a great job, and he is trying to fill all these positions as best as he can, Bush did not fill many positions and neither did Condi rice, EVER while she was there 8 yrs, alot of qualified people do not want to come in and clean up after Bush and his thugs, I am so glad jon Stewart brought us all into looking at this channel and thier part in seducing the public to invest in companies who were not healthy, All the media needs to look at their own experts and do a housecleaning as well. Our President is trying to help get us back on track after being completely violated by the republican party and thier miserable choice of Bush the stupid as president for 8 horrible yrs.
Posted by: Liz | March 13, 2009, 3:06 pm 3:06 pm
“Does this mean Jon Stewart is the leader of the Democratic party?”
First, you would need to have Tim Kaine call Jon Stewart a comedian only to later grovel and issue an apology for stating the obvious.
Posted by: Ryan C | March 13, 2009, 3:07 pm 3:07 pm
It is just Cramer at fault here. It is the entire tv/cable community of irresponsible idiotic financial investment “experts’ and talking heads that led people down the garden path to financial ruin. There was no objectivity or honesty or even a proper and decent system of values broadcasted by the omnipresent media. Just bloviating about stocks and real estate going up up up and away. The whole industry was caught up into money that had no true basis or meaning in fact, just bloated hedgefund games and over valuations. Truly disgusting. Frankly I think Cramer was one of the more innocent since he and his show were so silly. He was a nice guy for appearing on the Daily Show and I think he is truly sorry for misleading people, something the rest of these creeps have not shown themselves to be.
Posted by: Madeleine | March 13, 2009, 3:08 pm 3:08 pm
To people who are complaining about the interview. What on earth does Obama or Gibbs have to do with the interview.
The interview was about journalistic quality. I dont watch CNBC and do not believe its a creditable journalistic network. Normally, its a bunch middle age white men dissing Obama’s policies (like I am suprise). The GOP with a network just like fauxnews. LOL.
The fact that Gibbs was asked about suggest that me that reporter is a real journalist b/c he or she couldnt think of nothing else more pertinent to ask.
LOL.
Posted by: nubiangent08 | March 13, 2009, 3:09 pm 3:09 pm
Remember the days when the White House had more important matters then television shows to talk about during press conferences??
Posted by: do-wop | March 13, 2009, 3:09 pm 3:09 pm
Madeline,
Very well said.
Posted by: Ryan C | March 13, 2009, 3:11 pm 3:11 pm
Paglia was right: Obama’s staff is killing him with these personal responses to criticism. It’s beneath the President to take notice of every critical statement, then have his press secretary gleefully note when the MSM takes its revenge on the wayward soul (in this case Cramer). I really don’t understand how Obama could have run such a mature campaign, only now to run an immature WH. If the Cramer hit was just about Cramer, not about revenge, why does Gibbs even take note?
Gibbs should be fired. He is not long for the job of PS.
Posted by: bbcal | March 13, 2009, 3:11 pm 3:11 pm
I thought the interview was fantastic and I give credit to Cramer as well for having the guts to show up and face the fire. I think Cramer knew that Stewart was right to a degree and as such, his tone was resigned and reserved and I believe Cramer will genuinely try to utilize more of a ‘jeweler’s eye’ in the future.
Posted by: Veeve | March 13, 2009, 3:13 pm 3:13 pm
“Does this mean Jon Stewart is the leader of the Democratic party?”
If Stewart told people to go out and stop traffic, park on the freeways, until the Congress enacts National Health, that’s what’d happen.
Stewart could call a General Strike (and Obama couldn’t).
Posted by: Pants on Fire | March 13, 2009, 3:13 pm 3:13 pm
Rightwingers crack me up. Because drug addict Limbaugh is the leader of the Republican Party, Jon Stewart must be the leader of the Democrats?? Projection is a heck thing! :-)
Posted by: Veeve | March 13, 2009, 3:15 pm 3:15 pm
BTW best joke of the Cramer v Stewart was his remark about turning to Cup of Joe to see Cramer.
“Because I like my news like my coffee, white and bitter”
Posted by: Ryan C | March 13, 2009, 3:15 pm 3:15 pm
Welcome to Obama’s America.
All who question the Messiah will be ridiculed and disparaged and silenced.
All Hail the Dear Leader
Posted by: Anti-Harkonnen Freedom Fighter | March 13, 2009, 3:15 pm 3:15 pm
Posted by: FRP
Some of the posts here are a bit deep . Our President has been in office two months .
_______________-
yes and he has managed to spend more money in them 2 months than any other person in the history of the planet. This country would of done much better with him using a recession to further his Marxist plans.
Posted by: RAYN | March 13, 2009, 3:16 pm 3:16 pm
Remember the days when the White House had more important matters then television shows to talk about during press conferences??
———
Actually, the underlying issue to that interview could be one of the most important issues in contemporary society — how information is controlled and manipulated to influence the masses. The president should be speaking out about this, as it’s one of the main reasons our country is in the hole it’s in right now.
Posted by: nic | March 13, 2009, 3:17 pm 3:17 pm
The Obama admin. is a disgrace.
Posted by: RoddyB | March 13, 2009, 3:17 pm 3:17 pm
Thankfully there are people out there who are willing to take these people to task. What a breath of fresh air. First we have a smart intellectual President elected and now a comedian who is more a journalist then our supposed real media. No wonder all these posters are in a panic, they’ve never seen such competence before. Now I would like to see Rush versus Stewart. Rush would be gulping down oxycontin 1/2 way through the show as Stewart used him as a mop.
Posted by: stuart3368
__________________________
When Bill O’Rielly had his debate with YOUR man, Barney Frank, it was obvious O’Reilly won that debate the same way Stewart won. Instead of praising O’Reilly you “felt sorry” for poor Barney Frank who was an “innocent victim”.
Our recession was actually caused by preditory lending practices with Fannie Mae and Freddie Mac at the root. Barney Frank and Chris Dodd were in direct control of Fannie and Freddie.
Now for a real debate question. This “smart intellectual President”, Obama seems to think he can tax and spend our country’s way back into prosperity. Can you name me a country that has taxed and spent it’s way back into prosperity? Clinton was asked that question and could not come up with an answer.
Posted by: marco | March 13, 2009, 3:17 pm 3:17 pm
Once again the liberals try and bully someone who disagrees with them. they are going to run out of people to send around the country to beat up on all the economist, conservatve radio, television commentators, They think they can squash people for disagreeing
with them We aren’t Socialist yet. We still have freedom of speech.
Posted by: karen | March 13, 2009, 3:17 pm 3:17 pm
so the WH now considers comedy central to be news. Doesn’t surprise me by the celeb WH
Posted by: DJ | March 13, 2009, 3:18 pm 3:18 pm
I guess I”m the only person in the world that doesn’t know what the interview was about . . .
Sure don’t have a clue from the comments.
I thought it might have been about Cramer manipulating the market, which would be very interesting (and terrible).
Posted by: marilyn | March 13, 2009, 3:20 pm 3:20 pm
I will tell you that this country is a mess. We still have people that are sheep, can’t think on their own and will be the first ones on line for a hand-out. They suck up the liberal mantra and thier is not much we can do.
For Barack Obama to waste his time and ours on Comedians and Talk Show Host is just plain classless. Him and team OBama just show what a bunch of Rookies they are.
Posted by: karen | March 13, 2009, 3:22 pm 3:22 pm
Does this mean Jon Stewart is the leader of the Democratic party?
——–
I wish he were. Please make a solid argument about anything he said last night, if you even watched the interview.
What do you have against people sticking up for you?
Posted by: nic | March 13, 2009, 3:22 pm 3:22 pm
“Once again the liberals try and bully someone who disagrees with them.”
He did just that, lacing into Steele and saying the recently-elected party leader was “off to a shaky start.”
“You know who needs a little leadership? Michael Steele and those at the RNC,” Limbaugh said, part of an unusual counter-attack against the elected head of the GOP.
“I hope the RNC chairman will realize he’s not a talking head pundit, that he is supposed to be working on the grassroots and rebuilding it and maybe doing something about our open primary system and fixing it so that Democrats don’t nominate our candidates,” Limbaugh said, his voice rising. “It’s time, Mr. Steele, for you to go behind the scenes and start doing the work that you were elected to do instead of trying to be some talking head media star, which you’re having a tough time pulling off.”
Posted by: Ryan C | March 13, 2009, 3:23 pm 3:23 pm
marco: who the hell felt sorry for Barney Frank? See, that’s your problem. You think Obama supporters are not willing to take to task those in their own party who deserve it (unlike the GOP whose members NEVER do anything wrong).
Posted by: EdDoc80 | March 13, 2009, 3:24 pm 3:24 pm
I think the most telling part of the entire interview/grilling was when Jon admitted his 75 yr old Mom had been following programs and the advice of people like Mr.Cramer and lost their savings. That brokers and execs are still getting bonuses that stymie the imagination while dring the economy to new lows.
I think Jon voiced a lot of frustration, that while Mr. Cramer may not have been personally responsible, perhaps it’s time we have more research involved in these programs that supposedly cater to the occasional investor. What was Mr. Thain supposed to say about the continued sustainability of Merrill Lynch stock? ‘We’re losing money by the second but my new office is REALLY cool & cost a bunch of money!’
Posted by: MarianP. | March 13, 2009, 3:24 pm 3:24 pm
Obabacrat for Palin: the president didn’t attack Cramer – Stewart mocked
him earlier in the week for defending the idiots on cnbc. Cramer spent the following day whining on several morning shows. Last night they met face-to-face and Cramer sounded apologetic and looked foolish. How does this translate into “..Obama engages in the politics of personal destruction”?
Gibbs wasn’t even sure if the President had watched the program.
Posted by: smith | March 13, 2009, 3:24 pm 3:24 pm
I don’t think it’s fair to say Obama is a “tax and spend” liberal. He’s spending b/c he has to stimulate the economy (thanks to Bush’s policies) and almost no one’s Federal taxes are going up.
Posted by: marilyn | March 13, 2009, 3:24 pm 3:24 pm
I can’t wait for the GOP to turn into a rural and regional party of wack jobs.
Posted by: Chris | March 13, 2009, 3:25 pm 3:25 pm
Does anyone remember is History when A President actually adressed what was going on in the media, online and in the papers when it came to critsism.
Posted by: karen | March 13, 2009, 3:25 pm 3:25 pm
I would take John Stewart Any day over Fat drug addict Limbaugh!
Posted by: ANGIE IN PA | March 13, 2009, 3:25 pm 3:25 pm
Stewart was never so eager to disabuse critics of Bush and McCain and Palin. Now he carries Obama’s water.
And it’s REALLY easy to be a rear view mirror genius.
Gibbs just cannot resist showing us all how Obama is just another mudslinging politician with an enemies list.
Posted by: drjohn | March 13, 2009, 3:26 pm 3:26 pm
“When Bill O’Rielly had his debate with YOUR man, Barney Frank, it was obvious O’Reilly won that debate the same way Stewart won. Instead of praising O’Reilly you “felt sorry” for poor Barney Frank who was an “innocent victim”.”
Huh?
Why does the right wing always need some justification (real or imagined) for their own behavior?
Seriously, when are you guys gonna man up and take responsibility for your own bitterness and hate?
Posted by: Ryan C | March 13, 2009, 3:26 pm 3:26 pm
Once again the liberals try and bully someone who disagrees with them.
Posted by: nic | March 13, 2009, 3:27 pm 3:27 pm
I guess I”m the only person in the world that doesn’t know what the interview was about . . .
Sure don’t have a clue from the comments.
I thought it might have been about Cramer manipulating the market, which would be very interesting (and terrible).
Posted by: marilyn | Mar 13, 2009 3:20:58 PM
====
Alright, marilyn.
Here’s what happened. Cramer has been critical of PB0′s money giveaway to stimulate the economy, which is a purely boneheaded, proven, unsuccessful move. Pb0′s has thin skin and was very annoyed about it.
Stewart took issue with Cramer’s stock recommendations, criticizing his wrong calls, which is perfectly fine.
Pb0 thinks he found his new soulmate on economic recovery, someone who criticizes someone who criticized him.
According to Chairman Mao, the devilest Communist dictator, the enemy of our enemy is our friend, Pb0 put out his press secretary to claim his renewed fame.
Posted by: two cats | March 13, 2009, 3:27 pm 3:27 pm
Cramer made the mistake of telling the truth – the Obama Administration has strongly anti-market, anti-business plans.
1. Carbon Tax
2. Tax hikes on 250K
3. Tax hikes on capital gains
4. 7 trillion in debt in 10 year budget
5. Socialized health care (bureaucrat instead of doctor determining your care?)
6. Heavy handed command and control regulation coming down the pike
7. Trying to force the EU adn the rest of the world to destroy their currencies with additional deficit spending.
Reality bites for lefties, but this is reality, and that’s what Cramer said over a few days.
for that, Stewart pillars him over Bear Sterns? Notice how that has nothing to do with the Obama Administration’s anti-business agenda.
But, In Obama’s America, dissent is not tolerated, nor is reasoned opposition.
Submit and Obey.
Posted by: Anti-Harkonnen Freedom Fighter | March 13, 2009, 3:28 pm 3:28 pm
“Does anyone remember is History when A President actually adressed what was going on in the media, online and in the papers when it came to critsism.”
Ari Fleishcer on Bill Maher’s comments
Q: As Commander-in-Chief, what was the President’s reaction to television’s Bill Maher, in his announcement that members of our armed forces who deal with missiles are cowards, while the armed terrorists who killed 6,000 unarmed (sic) are not cowards, for which Maher was briefly moved off a Washington television station?
A: I have not discussed it with the President, one. I have …
Q: Surely, as a—
A: I’m getting there.
Q: Surely as Commander, he was enraged at that, wasn’t he?
A: I’m getting there, Les.
Q: Okay.
A: I’m aware of the press reports about what he’s said. I have not seen the actual transcript of the show itself. But assuming the press reports are right, it’s a terrible thing to say, and it’s unfortunate. And that’s why—there was an earlier question about has the President said anything to people in his own party—they’re reminders to all Americans that they need to watch what they say, watch what they do. This is not a time for remarks like that; there never is.
Posted by: Ryan C | March 13, 2009, 3:29 pm 3:29 pm
When Bill O’Rielly had his debate with YOUR man, Barney Frank, it was obvious O’Reilly won that debate the same way Stewart won. Instead of praising O’Reilly you “felt sorry” for poor Barney Frank who was an “innocent victim”.
Our recession was actually caused by preditory lending practices with Fannie Mae and Freddie Mac at the root. Barney Frank and Chris Dodd were in direct control of Fannie and Freddie.
Now for a real debate question. This “smart intellectual President”, Obama seems to think he can tax and spend our country’s way back into prosperity. Can you name me a country that has taxed and spent it’s way back into prosperity? Clinton was asked that question and could not come up with an answer.
_______________________________________
Freddie Mac and Fannie Mae were late to the party. They avoided these practices until the market forced them to participate to compete. Let’s not blame them for more than that for which they are accountable.
Posted by: Sharon | March 13, 2009, 3:29 pm 3:29 pm
I wouldn’t call it a “beatdown”. Stewart pointed out that these so called financial experts aren’t up front with their audience about investing. They act more like salesman for these businesses rather than journalists who should be providing balanced information.
Posted by: Grover | March 13, 2009, 3:30 pm 3:30 pm
What is it about the repubs on this board? Why does everything have to be seperated into two categories…”us” and “them.” Last night’s interview had nothing to do with policy or politics…it was a critique on THE MEDIA.
Really, you all need to step out of that mentality. It’s doing nothing for our country right now.
Posted by: nic | March 13, 2009, 3:30 pm 3:30 pm
Stewart was never so eager to disabuse critics of Bush and McCain and Palin. Now he carries Obama’s water.
And it’s REALLY easy to be a rear view mirror genius.
TRUER WORDS WERE NEVER SPOKEN.
The media manipulates people like most of the commenters on here to attack with ad hominems any right wing media personality while deifying all left wing media personalities.
Hence, we get Obama’s America. Dissent is not tolerated.
Submit, Obey.
Posted by: Anti-Harkonnen Freedom Fighter | March 13, 2009, 3:30 pm 3:30 pm
“Stewart was never so eager to disabuse critics of Bush and McCain and Palin. Now he carries Obama’s water.”
ROFLMAO!
Nothing funnier than right wingers who do nothing but post right wing garbage DEMANDING that Stewart do as they say!
Posted by: Ryan C | March 13, 2009, 3:31 pm 3:31 pm
It’s hilarious listening to Right wingers come unglued about Obama.
They’re going into hysterics. Shrieking harpies unable to control themselves.
Hahaha
Get over it , Obama won.
Posted by: Chris | March 13, 2009, 3:33 pm 3:33 pm
Stewart took issue with Cramer’s stock recommendations, criticizing his wrong calls, which is perfectly fine.
——–
Wrong. Stewart took exception with the fact that Cramer knew from a macro level what types of market manipulations were going on and he did nothing to stop it — instead, he did the opposite, which is championing a hyper-inflated system in order to use “your money to finance his adventures.”
Stewart actually said he had no problem with Cramer et al making wrong calls…what he has a problem with is our nation’s financial network of record knowing this was going to happen, but not sounding the alarm about it.
You missed the entire point.
Posted by: nic | March 13, 2009, 3:34 pm 3:34 pm
Are we going to have every show host now cause a scene so their ratings go up.?
It seems the minute a show goes political and can’t make it with the talent that host the show they use a scam to get people to watch. And to the person who said “Its about time someone calls these people out” What the hell are you talking about. Tell me you seriously think we are not allowed to say Obama sucks he is ruining the country. But you, who bashed Bush for years its okay. Turn around is fairplay.
Stop your liberal whining it is so Obama of you to whine.
Posted by: karen | March 13, 2009, 3:35 pm 3:35 pm
The petty thin-skinned adolescents that make up the Obama administration.
Obama fights like a 4th grader–mock, blame, deny, run away, let others do the dirty work.
Posted by: tyler | March 13, 2009, 3:36 pm 3:36 pm
Why is it that Republicans who lose elections, lose majorities, and lose arguments try to claim that “dissent is not tolerated”?
I tolerate dissent. I tolerate people who are wrong. I love many people and groups who frequently lose (the Cubs, for example).
Dissent is fine. But you don’t get to rule from a minority. Majority rules. That’s called “democracy”. Get used to it.
Posted by: benintn | March 13, 2009, 3:38 pm 3:38 pm
I love how all you sensitive, caring and just so much nicer than us mean Republicans! keeo referring to Rush Limbaugh’s drug addiction.
Hey Dr. John…ever smoked pot? Drank a little?
Are you aware that your God in Chief did cocaine for heaven’s sake? THE FREAKING PRESIDENT!! YOUR LEADER!!
For the party that is supposed to be so good and kind and blah blah blah…what a bunch of angry, petty babies.
You can’t win an argument on the merits, so you attack Limbaugh’s drug use, then his weight, Palin’s daughter’s baby…etc etc.
“Gee, Obama’s a big liar, I voted in a fake and a hypocrite who is currently running our country into the ground, letting terrorists out, and starting arguments with anyone who disagrees with him, but Rush Limbaugh is a drug addict! He’s Fat! Yea! That’s it!”
You voted in a loser.
Take credit for it, don’t try to distract from it.
Posted by: Jackie | March 13, 2009, 3:38 pm 3:38 pm
I imagine Stewart is another one of those guys that gets a tingle up his leg
because of Barry.
Posted by: riley | March 13, 2009, 3:39 pm 3:39 pm
Tyler – you mean like when Robert Gibbs took on Rush Limbaugh and Rick Santelli? Or are you talking about when Barack Obama gave an hour-long press conference on the economic recovery plan and addressed, one-by-one, the objections of the GOP?
Tyler, you have no clue.
Posted by: benintn | March 13, 2009, 3:40 pm 3:40 pm
Typical New Administration Stuff:
You are either With Us OR Against Us.
Posted by: DontGet818OnMeNow | March 13, 2009, 3:40 pm 3:40 pm
Tell me you seriously think we are not allowed to say Obama sucks he is ruining the country.
——–
You can say that all you want. And well informed people have the right to tune out any valid point you may make, due the sheer absurdity of that statement.
Posted by: nic | March 13, 2009, 3:40 pm 3:40 pm
Some of you geniuses need to watch the Daily Show interview, instead of getting second hand information from your handlers.
Posted by: Chris | March 13, 2009, 3:41 pm 3:41 pm
nic,
whatever. Both Cramer and Stewart are comedians in their own ways.
The amusement, again, is PB0′s thin skin, hating someone so much who marginally criticized him, such that the enemy of his enemy becomes his best friend.
Posted by: two cats | March 13, 2009, 3:41 pm 3:41 pm
Chris – some people just love to be handled. It’s the only attention they can get.
Posted by: benintn | March 13, 2009, 3:42 pm 3:42 pm
The right wing is alive and well here. The know-nothing criticisms of the Obama administration are funny. The guy has been in office, what, 8 weeks? Here are a few tips. First, no one left of center really thinks Obama is a messiah. Most people voted for him because he presented as a rational person. Second, Clinton shares blame for the financial meltdown by signing off on deregulation of the barrier between banks and financial investment institutions. Finally, Stewart is a satirist. Think of Mark Twain and Will Rogers. It has been said for a long time that only the court jester could truly speak truth to power.
Even those on the left supported Bush after 9/11. We now face a financial 9/11 and here we have people calling the President a disgrace. Oh, and taxing and spending? That is the only thing that ever has raised the country out of recession or depression. No, it wasn’t world war II. Learn your history.
Posted by: Ives | March 13, 2009, 3:42 pm 3:42 pm
Stop your liberal whining it is so Obama of you to whine.
———
did you read your own post?
Posted by: nic | March 13, 2009, 3:42 pm 3:42 pm
Shades of citizen control and discouraging free speech. This adolescent White House staff and President need to grow up and focus on the job at hand.
This ongoing assault on anyone who differs in opinion from the Obamessiah is frightening and is unprecedented.
Nixon did not come close to this.
When you have a massive security force protecting you and a very large podium it is easy to pick on those that don’t agree with you, even if they have a constitutional right to their free speech.
They White House and their band of Clintonistas are trying to bully dissenters into submission.
We are a step short of brown shirts at our door.
During the Clinton administration dissenters were repeatedly audited on their taxes. I wonder what Obama has in store. He has never shown an inclination to hold back.
Chicago thuggish politics at it’s best.
Hey , Obama, grow up, “it’s the economy stupid’
Posted by: MNM | March 13, 2009, 3:43 pm 3:43 pm
Did Obama take his teleprompters to The Daily Show on his last visit there?
Best I can remember there was no stuttering so I’m guessing he took them.
Posted by: bailey | March 13, 2009, 3:44 pm 3:44 pm
Two Cats has it exactly right!
George Bush either fairly or unfairly was called every name in the book and not a peep from the White House. That is called class and thick skin.
This White House has neither.
Posted by: Jackie | March 13, 2009, 3:44 pm 3:44 pm
“Communist Dictator Chairman Mao’s guidance: The enemy of our enemy is our friend.”
While Mao may have said this its not a quote that originated with him.
And evenb funnier
Here’s a press release from the Ayn Rand Institute
By: Yaron Brook
MARINA DEL REY, CA–The specious old saying “The enemy of my enemy is my friend” guided the pragmatic Bush administration’s choice of allies in our war efforts.
Posted by: Ryan C | March 13, 2009, 3:45 pm 3:45 pm
Don’tget818…
Are you joking?
It’s more like, “If you’re against us, you’re not with us.”
That’s the reality that the Obama admin is facing.
Obama would love nothing more than to have a 100% agreement from Congress on issues. He’s a consensus builder. But he’s not going to wait for Republicans to stop throwing temper tantrums and filibustering everything that comes their way.
Posted by: benintn | March 13, 2009, 3:46 pm 3:46 pm
The amusement, again, is PB0′s thin skin, hating someone so much who marginally criticized him, such that the enemy of his enemy becomes his best friend.
———
I love it how you guys freak out because a press secretary is addressing his critics. That’s their job.
Santelli was out of line. Cramer was dead wrong. An entire network devoted to financial news championed the economy while it was in the midst of failing, now they’re all acting like psychologists. And somehow Obama has a thin skin because his press secretary dismisses the criticism coming from these yahoos? Come on…
Posted by: nic | March 13, 2009, 3:46 pm 3:46 pm
“The amusement, again, is PB0′s thin skin, hating someone so much who marginally criticized him, such that the enemy of his enemy becomes his best friend.”
Actually is the amusement is the logical twists and turns your right wing brain had to take to blurt out that statement.
Posted by: Ryan C | March 13, 2009, 3:47 pm 3:47 pm
Doctor directed health care? Howard Beale what planet are you from?
HMOs direct what, how much and where you will get your health care…not the doctors. Can’t get too much more bureaucratic than that.
Submit and obey, doctor take your own medicine….
Posted by: Canuckistan | March 13, 2009, 3:47 pm 3:47 pm
Cramer made the mistake of telling the truth – the Obama Administration has strongly anti-market, anti-business plans.
~LET’S LOOK AT THIS FROM A REALISTIC POINT OF VIEW.~
1. Carbon Tax
~WE ARE BURNING UP THE PLANET, PEOPLE WHO USE MORE ENERGY NEED TO PAY FOR IT! IF YOU HAVE MONEY TO DRIVE AROUND IN A YACHT, YOU CAN AFFORD TO PAY A CARBON TAX!~
2. Tax hikes on 250K
~IT’S ABOUT TIME THAT THEY “REDISTRIBUTE THE WEALTH” BACK TO THE PEOPLE THE RICH PEOPLE WERE ALLOWED TO TAKE IT FROM! CASE CLOSED!~
3.
~IF YOU ARE COLLECTING A DISTRIBUTION CHECK WHILE SITTING AT THE POOL, YOU SHOULD PAY MORE TAXES THAN THOSE WHO ACTUALLY WORK FOR A LIVING!
4. 7 trillion in debt in 10 year budget
WHY DIDN’T THE REPUBLICANS YELL WHEN GEORGE W BUSH PUT $5.5T ON THE DEBT IN 8 YEARS!!! THIS TRULY IS AN AMAZING COMMENT FROM THE RIGHT WING!!
5. Socialized health care (bureaucrat instead of doctor determining your care?)
WHEN THE BABY BOOMERS ARE ON MEDICARE, WE WILL ALL HAVE TO BE ON SOCIALIZED MEDICINE IN ORDER FOR IT TO WORK!
6. Heavy handed command and control regulation coming down the pike
OK…THIS ONE IS A NO BRAINER. WHY DIDN’T THE REPUBLICANS GET UPSET WHEN THEY ALLOWED FOR “NO” REGULATION THAT PUT US ALL IN THE MESS! DEREGULATION WAS THE PROBLEM…SOMEONE WITH HALF A BRAIN CAN FIGURE THAT ONE OUT!!
7. Trying to force the EU adn the rest of the world to destroy their currencies with additional deficit spending.
OK…THIS ONE IS NOT SOMETHING I KNOW ANYTHING ABOUT AND I WIL ADMIT IT!
Reality bites for lefties, but this is reality, and that’s what Cramer said over a few days.
REALITY BITES FOR REPUBLICANS…HOW MUCH IS YOUR 401k WORTH TODAY???
for that, Stewart pillars him over Bear Sterns? Notice how that has nothing to do with the Obama Administration’s anti-business agenda.
IF YOU ARE TALKING ABOUT “SMALL” BUSINESS, YOU MAY WANT TO INVESTIGATE HOW BUSH WAS GIVEN “NO” MONEY TO SMALL BUSINESS…IT WAS ONLY GOING TO BIG BUSINESS.
But, In Obama’s America, dissent is not tolerated, nor is reasoned opposition.
OK…THIS ONE TRULY MAKES ME LAUGH. IF PEOPLE WERE OPPOSE TO BUSH AND HIS MADE UP WAR IN IRAQ, THEY WERE CALLED “ANTI-AMERICAN” AND DISSENTERS. YOU MAY WANT TO REALLY FIGURE OUT WHO YOU ARE BEFORE YOU MAKE SUCH STUPID COMMENTS.
Submit and Obey
SURE…JUST LIKE THE REPUBLICANS HAPPILY DID UNDER THE PAST ADMINISTRATION.
Posted by: Gail Wiley | March 13, 2009, 3:48 pm 3:48 pm
George Bush either fairly or unfairly was called every name in the book and not a peep from the White House. That is called class and thick skin.
Posted by: nic | March 13, 2009, 3:48 pm 3:48 pm
This was a slam on CNBC and the big money, financial good ol boy network, taking advantage of the American public by rigging the market and doing backhanded things leading to overlevarging, bubbles etc.
Along with CNBC pandering to the companies and not being honest with viewers.
Cramer could come up with nothing cause of the tape of his stupid confession.
He manipulated, he played the game, and he knows it. He is influenced by his friends, contacts, CNBC.
He may have changed and now that he isn’t in it anymore he can better call out the snakes, be a voice for the people, and try to help correct things. Which Cramer said he was now trying to do.
But Stewart was right about everything.
Posted by: DB Coop | March 13, 2009, 3:48 pm 3:48 pm
It’s more like, “If you’re against us, you’re not with us.”
That’s the reality that the Obama admin is facing.
>>>>>>>>>>>>>
I agree you can see it in pro Obama posts here as well.
Posted by: ChicagBob | March 13, 2009, 3:49 pm 3:49 pm
Can you name me a country that has taxed and spent it’s way back into prosperity? Posted by: marco
Why Marco, Yes I can. It was a country called the United States of America that spent its way back into prosperity. Although your revisionist history will probably tell you otherwise, just like it tells you the earth is only 6 million years old. As far as Barney Frank not handling himself with Bill O’, if he can’t handle Bill O, I have no problem with the getting him out of office. I think its probably time for him to retire anyway. Although give me someone like Barney Frank over David (I visit escorts) Vitter any day of the week. I am not a left over 60′s leftist, but from a different generation. So the old Democrats can move on for all I care.
Posted by: stuart3368 | March 13, 2009, 3:49 pm 3:49 pm
Nothing about Obama, his plan’s effect on market, or Cramer’s Stock picking.
I think both sides were fine with the criticism about each.
Posted by: DB Coop | March 13, 2009, 3:51 pm 3:51 pm
Chicago Bob: amusing that you see no contradiction in your criticizing the pro-Obama people for stating their points while at the same time you make your anti-Obama points. Do you actually understand the first amendment?
Posted by: William J. LePetomane | March 13, 2009, 3:52 pm 3:52 pm
If anyone perfected the “if you are not with us you are against us” thinking, it was George W. Bush!
Posted by: Howard Beale | March 13, 2009, 3:54 pm 3:54 pm
“George Bush either fairly or unfairly was called every name in the book and not a peep from the White House. That is called class and thick skin.”
Hmmm you mean Tim Robbins and Susan Sarandon were not banned from taking part in an anniversary celebration of Bull Durham at the HOF by a Reagan crony because they were against the Iraq War?
Posted by: Ryan C | March 13, 2009, 3:54 pm 3:54 pm
Summation:
- Cramer makes negative comments about Obama.
- Obama does not like Cramer saying bad things about Obama.
- Cramer gets set up to go on Jon Stewart’s (one of the ultimate Obama journalist groupies) show where he is lambasted because of his negative comments against Obama. (Cramer would not have been invited on the show if he had not attacked Obama.)
- Cramer made to look stupid.
- Gibbs happy.
- Obama happy. (Don’t go saying negative things about Obama!)
(But is NBC happy????)
Posted by: Sally J | March 13, 2009, 3:54 pm 3:54 pm
Not only do we have a White House full of losers, they are also whiners.
I can’t imagine a U.S. Presidential staff member commenting on a comedy show, much less the leadership of the other party.
Oh well, according to the new polls, they will not be in the White House much longer. Apparently America has had enough of Bobo and the clown show.
Posted by: No Common Sense in DC | March 13, 2009, 3:55 pm 3:55 pm
Summation:
- Cramer makes negative comments about Obama.
- Obama does not like Cramer saying bad things about Obama
———-
Keep up. Clearly you haven’t been paying attention, and have a horrible grasp of what actually happened. It had nothing to do with that. The whole row started when Santelli didn’t show up for a Daily Show interview…oh what the hell’s the use? Everything is about Obama and Socialism with you morons who are incapable of waging an argument that isn’t catagorical.
Posted by: nic | March 13, 2009, 3:57 pm 3:57 pm
Doughboy Gibbs only likes tough questions when they are used to bludgeon Obama critics. Not so much when they are posed to “The One”, which was Cramer’s sin.
The Doughboy’s hypocrisy on display.
Also, Jon Stewart only cared about Jim Cramer and CNBC when they had the gall to ask tough question of “The One”.
Posted by: OxyCon | March 13, 2009, 3:58 pm 3:58 pm
“Oh well, according to the new polls, they will not be in the White House much longer.”
ROFLMAO!
Daily tracking for today
Gallup: 62%
Rasmussen: 57%
From earlier this week:
Ipsos/McClatchy: 65%
Posted by: Ryan C | March 13, 2009, 3:59 pm 3:59 pm
Jon “Ellsworth Toohey” Stewart!!!!
Posted by: jksmithinga | March 13, 2009, 4:00 pm 4:00 pm
But what if its not in the script?
——
It wasn’t when Stewart went on Tucker Carlson’s show two years ago. What was the end result with that?
In case you didn’t know, little Tucker got his *** handed to him when he tried to match wits. He was fired the next day, and his career has been ruined as a result.
That wasn’t scripted…
Posted by: nic | March 13, 2009, 4:00 pm 4:00 pm
NO COMMON SENSE IN DC Said not only do we have a White House of Losers and Whiners
Seems to Me the Only ones Losing and Whinning in DC are Republicans, They have Been Whinning,Stomping their Feet,Throwing Tantrums since Nov 4 08! As far as Losers I do Believe it has been the Republicans who got the Life beat Out of them In 2 Elections good Day!
Posted by: ANGIE IN PA | March 13, 2009, 4:01 pm 4:01 pm
I commend John Stewart for an insightful and absolutely riveting interview.
Does anyone think the so-called ‘Journalists’ at ABC, CBS & NBC learned anything from J. Stewart? How ironic that the funnyman bests the pros.
Carlos
Posted by: Carlos | March 13, 2009, 4:01 pm 4:01 pm
Jon “Ellsworth Toohey” Stewart!!!!
————
Who’s your Howard Roark?
Maybe it’s the same person as Santa Clause, the Tooth Fairy, and the Easter Bunny?
Posted by: nic | March 13, 2009, 4:02 pm 4:02 pm
Jackie Ido Believe Your Leader Bush was a DRUNK! And a Cocaine Addict! And smoked too! Whats your Point?
Posted by: ANGIE IN PA | March 13, 2009, 4:03 pm 4:03 pm
Some people here have been hitting the paste a little hard it seems…
Let me put this into very clear terms for all of you.
IT. WAS. ABOUT. FINANCIAL. NEWS.
Not stock recommendations.
Not politcals stances.
Not remotley related to Obama.
It was about the fact the CNBC were little more than cheerleaders and didn’t both doing any kind of journalism.
Now put down the paste and open your eyes, ears, and minds. Not everything is about politics and political ideology. Sometimes its out how things are done.
Posted by: Calis | March 13, 2009, 4:04 pm 4:04 pm
Obama has given millions of people a little hope. I hadn’t allowed myself to feel any of it until last night’s Daily show.
Thank you Jon Stewart and The Daily Show. Thanks also to Jim Cramer for having the integrity to show up and take it, with humility, when you could have turned santelli and run.
Posted by: Bob M. | March 13, 2009, 4:04 pm 4:04 pm
Calis, don’t even bother trying. It will only frustrate you.
Posted by: nic | March 13, 2009, 4:06 pm 4:06 pm
1. Carbon Tax
~WE ARE BURNING UP THE PLANET, PEOPLE WHO USE MORE ENERGY NEED TO PAY FOR IT! IF YOU HAVE MONEY TO DRIVE AROUND IN A YACHT, YOU CAN AFFORD TO PAY A CARBON TAX!~
2. Tax hikes on 250K
~IT’S ABOUT TIME THAT THEY “REDISTRIBUTE THE WEALTH” BACK TO THE PEOPLE THE RICH PEOPLE WERE ALLOWED TO TAKE IT FROM! CASE CLOSED!~
———-
I don’t have time for the litany of errors so I will only speak to the first two.
1. The carbon tax will be paid by everyone who buys gas, or pays for heat or any other energy soure. It may initially be the companies that pay it but that will lead to higher prices for all energy purchases no matter how poor you are. Of course if you assume energy prices are too low anyway, which is what Rahm has told us then you might agree that grandma on social security has her heating bill go up.
2. The so called rich did not take their money from the middle class or anyone else. There were no taxes assessed to any group that were then sent to the supposed rich. That would be taking. The rich have pulled the weight for most of the country.
To claim they took it from anyone else is wholly inaccurate and simply feeds the Obama class warfare talking point.
Tell me where middle class or otherwise were taxed and that money was sent to the so called rich in flat out payments? I don’t recall seeing my “payment to you from those who earned less” category on my tax form, unlike the earned income, and minimum income, and all the other tax credits that others receive,
CASE CLOSED.
Posted by: MNM | March 13, 2009, 4:06 pm 4:06 pm
Repeat that 100 times, then get back to me on where the idiot in chief is going to put all these terrorists he’s going to release.
YOU. ARE. ALIVE.Posted by: Jackie
Jackie, As someone who actually fought in the war on terror during the course of a recently ended 21 year career, this has to be one of the most misinformed posts ever. We have been releasing prisoners from GITMO for some time now. Didn’t start with the Obama Administration. Also, closing GITMO does not make you less safe. We still have federal facilities that can handle this prisoners of war.
Posted by: stuart3368 | March 13, 2009, 4:07 pm 4:07 pm
“I can’t imagine a U.S. Presidential staff member commenting on a comedy show, much less the leadership of the other party.”
Um Ari Fleischer and Bill Maher.
Or how about Karl Rove?
Rove answered the attacks from the left-wing blogosphere: “The Internet for the Left of the Democratic Party has served as a way to mobilize hate and anger — hate and anger, first and foremost, at this President and Conservatives, but then also at people within their own party whom they consider to be less than completely loyal to this very narrow, very out-of-the-mainstream, very far Left-wing ideology that they tend to represent.
I know right wingers can’t keep more than 1 thought in their head at a time but this political and historical amnesia is getting to be ridiculous.
Posted by: Ryan C | March 13, 2009, 4:07 pm 4:07 pm
“Obamacrat for Palin,” that was one of the more entertaining posts of the day. Yes, I’m sure you voted for Obama but now support Palin. Good news is you can join the 17 bitter (yes I said it) dead-enders who were the members of the original joke of a group called PUMA. You make member #18!!!! Congrats!
Posted by: REality Check | March 13, 2009, 4:08 pm 4:08 pm
The global economy is in its greatest crisis in decades, and the Obama administration is aggressively monitoring all TV and radio broadcasts and leading the attact on any disagreement or dissent. Meanwhile, our Treasury Department sits empty and nominees drop out daily. How comforting to know we have such competent leadersip at this critical time.
Posted by: Ken | March 13, 2009, 4:11 pm 4:11 pm
The reason that this is important is because we have become such a media-centric country. These television personallities have platforms and will do or say anything in order to attract viewers and ratings. They may begin with true beliefs but they are quickly corrupted due to the chase for the dollar. Their influence can be harmful as they misconstrue, convolute, or just reiterate flat out lies (this is on both sides–but OMG! it seems as if the “right” have lost their natural born mind with this.) The White House needs to speak out against this. Make the “talent” accountable. There is nothing wrong with a rational argument or dissent but to try and “stir up” a riotous lynching is just uncalled for.
Posted by: FS | March 13, 2009, 4:11 pm 4:11 pm
John Stewart is the best!
Posted by: Atheist 1 | March 13, 2009, 4:11 pm 4:11 pm
Rove answered the attacks from the left-wing blogosphere: “The Internet for the Left of the Democratic Party has served as a way to mobilize hate and anger — hate and anger, first and foremost, at this President and Conservatives, but then also at people within their own party whom they consider to be less than completely loyal to this very narrow, very out-of-the-mainstream, very far Left-wing ideology that they tend to represent.
—————-
A single generic remark is hardly comparable to an ongoing, white house sanctioned assault on citizens who disagree, even if they are in the media.
And that is assuming that he was actually in the white house when the statement was made. Which may or may not be the case.
Obama is not even embarrassed that they have targeted citizens, Gibbs freely admits he enjoys this. Carville and Begala admit they have white house approval for this.
Not even close to the same as personal bullying attacks from a chicago thug administration.
Posted by: MNM | March 13, 2009, 4:15 pm 4:15 pm
Hey JACKIE… Yeah bush is GONE. But the mess and damage still remain! Thats like me maxing out your credit card and trashing your house and then leaving… but don’t worry, everything OK as you said I’m gone!
Posted by: Squierghia74 | March 13, 2009, 4:15 pm 4:15 pm
NoCommonSenseInDC wrote that “Americans have had it with Bobo.” How delicious the irony. According to the latest polls, all of which are within a few percentage points of each other in noting Obama’s “disapproval rating,” approximately 25% of Americans have, as you say, “had it with Bobo.” Hmmm, where have I seen that number before. Oh yes, that’s right. It’s the same percentage of Americans who thought Bush was doing a good job until the bitter end. Let me repeat, they still thought Bush was doing a good job up until the bitter end. And who doesn’t have common sense now?
Posted by: Just wondering | March 13, 2009, 4:18 pm 4:18 pm
I can’t stand Cramer!
Posted by: LongT | March 13, 2009, 4:23 pm 4:23 pm
Interesting that the White House is already reduced to attacking fellow Democrats (Cramer). Also interesting that Obama now seems to be trying to follow Cramer’s advice by talking-up the market. Many of his proposals suck, though, and will hurt rather than help the economy.
Posted by: Bozo | March 13, 2009, 4:24 pm 4:24 pm
When did Jon Stewart start to believe that he is an intellectual?
Posted by: Chris | March 13, 2009, 4:27 pm 4:27 pm
i saw it on comedy central , and on hulu today …. i thought it was as awesome interview
jon did not pull any punches :D
Posted by: dev | March 13, 2009, 4:29 pm 4:29 pm
“Jon Stweart is a left wing new york radical who fails to see the republican side of any economic and social issue.”
Ahhh yes New York, gee I wonder what that could mean.
Posted by: Ryan C | March 13, 2009, 4:29 pm 4:29 pm
I just watched a 30 minute video of Cramer from The Street wherein Cramer outright admits to illegal market manipulation, and providing misrepresentations to manipulate stock prices.
He refers to people who he defrauds, who invest responsibly for the long term, “moron longs.”
He also admits to the illegality of his conduct, and explains that the SEC is too incompentent to ever catch people like him.
Considering he is not under investigation, even in light of his admissions, I would have to say he is correct that the SEC is incompetent.
He is incorrect to state that the responsible people in this world are “morons.” Without us, he would have no money to steal.
Posted by: Jeff, NYC JD | March 13, 2009, 4:30 pm 4:30 pm
When did Jon Stewart start to believe that he is an intellectual?
Posted by: Chris
When he figured out he was smarter then Hannity, Matthews, Scarbourgh…et. al.
Posted by: stuart3368 | March 13, 2009, 4:31 pm 4:31 pm
How delicious the irony. According to the latest polls, all of which are within a few percentage points of each other in noting Obama’s “disapproval rating,” approximately 25% of Americans have, as you say, “had it with Bobo.” Hmmm, where have I seen that number before. Oh yes, that’s right. It’s the same percentage of Americans who thought Bush was doing a good job until the bitter end. Let me repeat, they still thought Bush was doing a good job up until the bitter end. And who doesn’t have common sense now?”
The mighty 25 percenters!
Posted by: Ryan C | March 13, 2009, 4:31 pm 4:31 pm
This was between Stewart and Cramer, not Obama and Cramer. Stewart was on top of the game and made points many of us agree with. Face it, CNBC is in the business of getting you to watch even if it takes BS. Stewart is as well, but like he actually demonstrated at the beginning of last night’s show, he does not deny it. Stewart is more switched on than many on television with his interpretation of current events.
Posted by: rwrsok | March 13, 2009, 4:38 pm 4:38 pm
No Common Sense in DC: Just a point. Always remember who now owns the Wall Street Journal (News Corp aka as Rupert Murdoch) This organization (Under their New York Post brand), was directly responsible for starting that Michelle Obama lobster dinner untruth, and the publishing of that dispicable ape cartoon. Rupert Murdoch’s USA holdings have conservative leanings (and that’s okay) but keep in mind that he is (or was) also the owner of the tabloid Star. The Wall Street Journal is far from what it used to be.
Posted by: FS | March 13, 2009, 4:39 pm 4:39 pm
I agree. Stewart is smarter than Hannity, O Reilly, Matthews, Limbaugh, etc.
Posted by: rwrsok | March 13, 2009, 4:41 pm 4:41 pm
Stewart asked the questions we wish the media would ask.That is what this post is about right?
I felt sorry for Cramer but then again “it wasn’t about him”.
It was amusing in a very serious way.
Re: Mini-bloggers…. start one.
Posted by: Rodney, Minnesota | March 13, 2009, 4:42 pm 4:42 pm
“No Common Sense in DC: Just a point. Always remember who now owns the Wall Street Journal (News Corp aka as Rupert Murdoch)”
While I agree the WSJ has suffered under Murdoch the more relevant point is that No Common Sense did not even read the article before making claims about doomed poll numbers.
Posted by: Ryan C | March 13, 2009, 4:42 pm 4:42 pm
Cramer is a crook. That is extremely clear from his own admissions.
As a person who has historically voted Republican, I have to say the Right Wingers here who are attempting to hijack these comments are disgusting.
By running interferance for a crook, you make the Republicans look like a gang of crooks. You are sickening people. Your are hurting the cause.
Posted by: Jeff, NYC JD | March 13, 2009, 4:44 pm 4:44 pm
Jon “Ellsworth Toohey” Stewart!!!!
————
Who’s your Howard Roark?
Maybe it’s the same person as Santa Clause, the Tooth Fairy, and the Easter Bunny?
————
I’ll go with Santa Clause. He knows how to get a lot accomplished in a short time with limited funds.
Posted by: jksmithinga | March 13, 2009, 4:48 pm 4:48 pm
I just watched the clip and it was pretty amazing. I would trade out David Gregory for Jon Stewart on MTP right now if I were a)someone that had any influence at NBC, b) Jon would want the job. Journalism is lovely when done correctly.
As for all the Obama haters…go listen to Rush and feel superior.
Posted by: LMR | March 13, 2009, 4:48 pm 4:48 pm
Oh the credibility of liberals just got flushed down the toilet….WOOSH!
Taking political/economic/news anything from a comedian on fake comedy show on a comedy channel.
LMAO!
Posted by: Till | March 13, 2009, 4:51 pm 4:51 pm
Obama and his staff going after critics–about as dignified as giving DVD’s to a visiting prime minister.
Clueless and classless…
Posted by: reese | March 13, 2009, 4:51 pm 4:51 pm
While it is hard to feel sorry for Cramer in light of the video shown during the interview, i did feel for him on some level. This was a Crossfire-esque dissection and repudiation of everything CNBC stood for.Whether fair or not, it should force every news and business outlet in this country to step back and take a good hard look at just what they are selling/reporting/presenting to the American public under the guise of responsible journalism. This should have looked familiar to ABC. Stewart reminded me greatly of the reporting of the late Peter Jennings and Tim Russert. Find the story, tell truth to power, and keep the best interests of the everyday people at the forefront. That is the mark of a good, credible journalist and it’s a d@mn shame that you have to go to Comedy Central to find one.
Posted by: Bob | Mar 13, 2009 2:55:20 PM
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: Sustentaculum Tali | Mar 13, 2009 2:54:26 PM
—————————————-
two arrows through the same hole…i had never really thought about that aspect of cnbc and the other more vapid news sources ,i.e. wet paper bag journalism , but they are definitely guilty as charged ,along with far too many other more-or-less respectable media outlets.
you guys start reporting some unbiased relevant NEWS and leave britney and mel gibson alone…
gag…
Posted by: ugh teh caveman | March 13, 2009, 4:52 pm 4:52 pm
What did the interview have to do with Obama?
Posted by: Dweebuz | March 13, 2009, 4:53 pm 4:53 pm
1. Carbon Tax
~WE ARE BURNING UP THE PLANET, PEOPLE WHO USE MORE ENERGY NEED TO PAY FOR IT! IF YOU HAVE MONEY TO DRIVE AROUND IN A YACHT, YOU CAN AFFORD TO PAY A CARBON TAX!~
2. Tax hikes on 250K
~IT’S ABOUT TIME THAT THEY “REDISTRIBUTE THE WEALTH” BACK TO THE PEOPLE THE RICH PEOPLE WERE ALLOWED TO TAKE IT FROM! CASE CLOSED!~
———-
I don’t have time for the litany of errors so I will only speak to the first two.
1. The carbon tax will be paid by everyone who buys gas, or pays for heat or any other energy soure. It may initially be the companies that pay it but that will lead to higher prices for all energy purchases no matter how poor you are. Of course if you assume energy prices are too low anyway, which is what Rahm has told us then you might agree that grandma on social security has her heating bill go up.
2. The so called rich did not take their money from the middle class or anyone else. There were no taxes assessed to any group that were then sent to the supposed rich. That would be taking. The rich have pulled the weight for most of the country.
To claim they took it from anyone else is wholly inaccurate and simply feeds the Obama class warfare talking point.
Tell me where middle class or otherwise were taxed and that money was sent to the so called rich in flat out payments? I don’t recall seeing my “payment to you from those who earned less” category on my tax form, unlike the earned income, and minimum income, and all the other tax credits that others receive,
CASE CLOSED.
__________________
Bush tax cuts transferred $3T worth of wealth from the Middle Class to the top 1% of the wealthy in this country. Since they didn’t pay their fair share because of the tax cuts, less money was put in the Treasury. What do you think contributed to the $5.5T that Bush added the national deficit? Then, try to add another $3T to the national deficit for the cost of the Iraq war when it is all said and done. I actually heard Sean Hannity said that the “liberals don’t understand that it will be our children and our grandchildren that pay for the stimulus package.” Well, where were you when the liberals ask the republicans the same question about the cost of the tax cuts and the Iraq War.
If you enjoy making the top 1% of the wealthy in this country wealther, than by all means do it. I am 61 years old and I was smart enought to take my 401K out of the stock market in Jan 08 because I could see what was about to happen. How is you 401K doing?
UNBELIEVABLE…you really have to stop wantching Fox News to rely on your information…trying reading a book!
Posted by: Gail Wiley | March 13, 2009, 4:54 pm 4:54 pm
It si so much fun reading conservative squirm after listening to their screaming banter for the last eight years. And Ryan…you may be right that 25 percent of Americans don’t support Obama, but that means 75 percent do. They know who squandered the nation’s money and why we are in the financial hole now. In the latest funding bill, 35 Republicans screamed about earmarks, yet 28 of them had included their own personal earmarks in the bill. Sounds a little two-faced if you ask me and also shows why they are loosing support and becoming a “regional” party instead of a National party.
Posted by: algwriter | March 13, 2009, 4:57 pm 4:57 pm
Cramer is a clown…and a small fish. I’d like to see that kind of take-down with a AIG or Bear Sterns CEO–inside a courtroom. But that won’t happen.
Posted by: Ivy | March 13, 2009, 5:02 pm 5:02 pm
Stewart was good, but really with all that ammunition, a two week old kitten could have knocked out Cramer. It’s sad, but he’s not even the WORST of them–he’s more like a circus henchmen. The real criminals would NEVER do an interview on a non-sympathetic platform–that’s why they go on CNBC to be asked softball questions.
Posted by: Artless | March 13, 2009, 5:10 pm 5:10 pm
very pitiful and scary how easy Wall Street can be manipulated just with rumors.
And this is supposed to be the mertic for the wellbeing of the American People?
What a joke…
It is time again that Main Street takes control.
Posted by: Jim | March 13, 2009, 5:11 pm 5:11 pm
It’s very telling to see the ‘conservative’ Republicans defending Cramer. It shows how far the Republican party has fallen, when Cramer ADMITS to breaking federal laws:
“In the clip filmed for The Street, Cramer notes that this practice of “fomenting the market” is “actually blatantly illegal, but when you have six days and your company may be in doubt because you are down, I think it is really important to foment.” Cramer specifically cited the example of stirring up rumors that Apple’s iPhone would be rejected by both AT&T and Verizon Wireless, and that it wouldn’t be ready to demonstrate in time for Macworld in 2007.
Apple’s stock performance leading up to the 2007 unveiling of the iPhone made it a prime candidate for foment and manipulation, as media figures spewing misinformation could easily cause temporary, panic-induced drops that manipulators could then use to profit dramatically from. Other companies, including Microsoft, had seen so little change in their stock price since the 2000 bubble popped that they simply couldn’t be manipulated as easily.
Fomenting the market against Apple, however, “is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple, because Apple isn’t in [a position to comment on unannounced products]. It is an ideal short.”"
Posted by: Eric | March 13, 2009, 5:13 pm 5:13 pm
Notice how the Media always finds a way to defend their own, or to make the situation what they want it to be.
Jon Stewart is much closer to a Media Darling than Jim Cramer is, even though Cramer is Liberal by many Wall Street / Stock Commentators standards. So, maybe the media is just desperate to try and beat up anyone associated with Wall Street, even though Cramer seems to be as interested in helping the average person understand Wall Street (and make some money) as anyone out there.
What Cramer does (picking stocks) is Far more difficult than anyone Jon Stewart does. So, it is inevitable he is going to be wrong some of the time. Sometimes the more knowledgeable investors stick with a stock even when the crowd doesn’t because they see something others would not (Cramer has been correct far more than most and made a lot of money at it). Lets see Stewart stick his neck out in ‘Real Time’ on something as difficult as stock analysis. He would stumble like a baby, and it would not be long before he would be ‘crying’ like one (sitting around and making jokes about others, after the fact, is what children do)
When the media is that desperate to beat up someone they are ‘exposing’ themselves totally!
Posted by: Mr Reality | March 13, 2009, 5:18 pm 5:18 pm
I wish more people in the media was like Jon Stewart… I said this several years ago, we need to get mad and stay mad… I could not for the life of me figure out how the American people could sat and say nothing for the last 8 years. Everyone keep telling me they had no voice anymore, what good would it do to complain. Well guess what… we deserve what we are getting and I pray that the hardest blows have happened and we have all learned a lesson and that this Government gets back to what it is all about…FOR THE PEOPLE and not the crooks of this nation.
Posted by: insight | March 13, 2009, 5:18 pm 5:18 pm
I think soliciting White House comments like this just makes things more divisive—people are already entrenched in this “liberal v. conservative” crap. How about we all just recognize Cramer as a weasely buffoon, stop calling people who are losing their homes losers, and absorb an otherwise good point made by Stewart: CNBC gorged on ratings and greed and any semblence of journalism, introspective analysis, or real news that can help the American consumer…just died.
Posted by: Ivy | March 13, 2009, 5:20 pm 5:20 pm
Everyone realizes that Jim Cramer is in fact a liberal, right?
He voted for Obama and has consistently voted Democratic.
This is by no means an attack on Democrats, but everyone on this board has mentioned Conservatives and crooks in the same sentence. It’s not unique to the Republican party. It’s on both sides of the aisle. Mr. Cramer is a Democrat and was condoning this type of behavior.
So let’s put the partisan talk aside, and keep this in mind for the next election cycle. Vote for the person who will do the right thing regardless of his or her party affiliation.
Posted by: Chris | March 13, 2009, 5:26 pm 5:26 pm
Is Jon Stewart on the payroll?
Posted by: Tina | March 13, 2009, 5:28 pm 5:28 pm
Obama is coming off as very unprofessional. I was kind of afraid this would happen because he had no real experience. I hope this doesn’t further weaken the economy.
Posted by: jeff | March 13, 2009, 5:44 pm 5:44 pm
Democrats, Republicans and Independents should all be THANKING Stewart for exposing CNBC’s contribution to this financial meltdown impacting us all. Perhaps now the focus will be on real reporting as opposed to just passing along the talking points given to them by the people that got us in this mess in the first place.
Posted by: Ranger | March 13, 2009, 5:53 pm 5:53 pm
Stewart seems to have let his hooting and hollering audience go to his head since he comes across as a mean spirited bully. To use Cramer as some kind of scapegoat for the financial crisis is twisted.
And remember this all goes back to when Cramer dared to critique Obama and the pork stuffed stimulus plan.Thus, Cramer’s punishment was to be publicly humiliated for his foolish apprehension of The One.
Posted by: Pups McCann | March 13, 2009, 5:56 pm 5:56 pm
Hate to tell you this,but most of us are not professional. I like Obama for being down to earth. You know in touch with the people. Those out there who like to stereotype, all of us (Americans)don’t wear ties to work
Posted by: Kelly | March 13, 2009, 6:01 pm 6:01 pm
I’m mad as hell, and I’m not going to take this anymore!
Until Jon Stewart interviews King Obama, and asks questions like:
“Please just tell us why you will not produce, once and for all, an ACTUAL copy (not a reprint from July 2007) of your birth certificate.”
“Please explain your involvement with ACORN.”
“Please explain why you are inclined to provide amnesty for roughly 30 million illegal aliens, when you cannot be absolutely sure they will vote for you in 2012.”
“Are you going to accept your Venezuelan buddy’s invitation to embrace the Socialist movement soon? I know Bill Ayers just loves the guy.”
“Please explain your relationship with George Soros, and why his hedge fund had an 8% gain during the financial meltdown. Also, can you explain why the Soros family felt compelled to spend a quarter of a million dollars on your inauguration? How are you repaying them?”
“Can you please explain how much money from your … ahem … ‘Spendulous Package’ is targeted toward payback of campaign contributors?”
“Have you actually switched out of ‘Campaign Mode’ and into ‘Absolute Dictator Mode’ as yet, or are you still working on that with Rahmbo?”
And the list of questions could just go on and on and on and on and on and on and on ….
Posted by: Howard Beale | March 13, 2009, 6:04 pm 6:04 pm
It is sad that people get more actual news information out of a fake news show than from the real media. Would NBC have ever taken these people to task? Hardly.
Posted by: nickames | March 13, 2009, 6:06 pm 6:06 pm
“Stewart seems to have let his hooting and hollering audience go to his head since he comes across as a mean spirited bully. To use Cramer as some kind of scapegoat for the financial crisis is twisted.”
Showing the idiocy of the info-tainment financial shows is a public service.
One that the Daily Show has been doing for years.
During the financial meltdown they did a great bit with Asif Manvi having his financial advice show called Bald Guy and Hot Chick
“And remember this all goes back to when Cramer dared to critique Obama and the pork stuffed stimulus plan.Thus, Cramer’s punishment was to be publicly humiliated for his foolish apprehension of The One.”
That appears to be the emerging right wing talking point to assure the other gullible sheep.
Posted by: Ryan C | March 13, 2009, 6:08 pm 6:08 pm
“Stewart seems to have let his hooting and hollering audience go to his head since he comes across as a mean spirited bully. To use Cramer as some kind of scapegoat for the financial crisis is twisted.”
Did you bother to watch the clip? Stewart told Cramer it was not about him. Do you not think if CNBC and other business “journalist” had done some real investigating/ reporting of the critical things they knew were going on in the industry, much of this could have been avoided or lessened?
Posted by: Ranger | March 13, 2009, 6:08 pm 6:08 pm
Dont you realize these so called experts..Limbaugh. Stewart, Cramer..Reilly etc are stirring this up to promote their books and ratings. Its a gimmick….WAKE UP
Posted by: BSKI | March 13, 2009, 6:11 pm 6:11 pm
Cramer is as much of a joke as Howard Beale! Anyone who would pay the least bit of attention to either one, or invest according to Cramer is more of a fool than Blago and Burris. Are there any vacancies at the Ringling brothers outfit??
Posted by: Karen | March 13, 2009, 6:12 pm 6:12 pm
I’m mad as hell, and I’m not going to take this anymore!
Until Jon Stewart interviews King Obama, and asks questions like:
“Please just tell us why you will not produce, once and for all, an ACTUAL copy (not a reprint from July 2007) of your birth certificate.”
“Please explain your involvement with ACORN.
******************************************
Stewart, a quick witted, smart, comedian prefers reality so you are probably going to have to remain “mad as hell” the rest of your life.
Posted by: Chimes | March 13, 2009, 6:14 pm 6:14 pm
I’m proud of the Democratic party for trashing one of their own so thoroughly.
Posted by: mad | March 13, 2009, 6:18 pm 6:18 pm
Insight posted this: “even though Cramer is Liberal by many Wall Street / Stock Commentators standards”.
So? So are Ebenezer Scrooge and Uriah Heep. How does that affect the very open and pertinent questions that Stewart put to Cramer ??
Posted by: galloglas | March 13, 2009, 6:20 pm 6:20 pm
The Obama WH is acting just like the bushies…your either with us or your agin us!
They wish to trash anyone who does not agree with their official line. First amendment be damned.
I have been very disappointed with Gibbs remarks of late. he is trying to put the blame onto others.
Posted by: scott jeffries | March 13, 2009, 6:26 pm 6:26 pm
“Did you bother to watch the clip? Stewart told Cramer it was not about him.”
Sure it was not about Cramer it was all about making an example to other who dare criticize The One that they will be ostracized. Consider for example the liberal Media Matters (You know the watch dog group allegedly started in part by Hillary) “As Media Matters for America documented, on the March 3 edition of NBC’s Today, Cramer attacked Obama’s purported “radical agenda” and claimed that “this is the most, greatest wealth destructive I’ve seen by a president.”
This is when Stewart went after Cramer similarly Stewart went after Santelli after he dared critique Obama’s ear marked laden stimulus plan.
Posted by: Pups McCann | March 13, 2009, 6:31 pm 6:31 pm
It is truly sad to see the White House commenting on “comedy show” discussions about politics. The White House should show some dignity…..it’s not a frat house!
Posted by: MLM411 | March 13, 2009, 6:43 pm 6:43 pm
Pups Mcann – Clearly, you are just looking to slam Obama, have not bothered to watch the clip – yet insist on commenting as if you have.
This has nothing to do with Obama and everything to do with inadequate, capricious and incompetent reporting by financial “journalist” that has negatively impacted us all.
Stewart attested to the fact that it was unfair for Cramer to be bearing the weight of CNBC’s sins. A lot of people invested based on their “expertise” and they knew a lot of the information they were putting out was erroneous.
Posted by: Ranger | March 13, 2009, 6:59 pm 6:59 pm
If John Stuart wants some credibility then stop trying to bring down the ‘entertainers’ and go after the real people who are the crooks i.e. the government.
Posted by: D | March 13, 2009, 7:03 pm 7:03 pm
Consider for example the liberal Media Matters (You know the watch dog group allegedly started in part by Hillary)”
Media Matters was started by David Brock, not Hillary.
But hey why bother with facts when you have right wing idiocy.
“This is when Stewart went after Cramer similarly Stewart went after Santelli after he dared critique Obama’s ear marked laden stimulus plan.”
Oh now I get it. Because you see the synergy between what Rush and Hannity say and what FoxNews broadcasts, you assume that same synergy (ie sharing of talking points) must exist on the other side.
Posted by: Ryan C | March 13, 2009, 7:04 pm 7:04 pm
“It is truly sad to see the White House commenting on “comedy show” ”
YEP. GIBBS IS LIKE A GIDDY SCHOOL GIRL.
Posted by: D | March 13, 2009, 7:05 pm 7:05 pm
Now that Stewart is so pumped maybe he can have on Frank and Dodd and take them apart. But he won;t because they’re his liberal friends. Now Cramer should have him on his show and ask him about financial matters and see what a genius he is. CNBC is a new program. They tell viewers how to make money. They can be accused of manipulation if they come down too hard on a company based on rumor. Stewart is not a genius, he’s just a liberal hack who is not honest about calling out his liberal friends at being part of the problem.
Posted by: jschmidt | March 13, 2009, 7:06 pm 7:06 pm
Those of you screaming about suppression of dissent should take a look at Jake’s item in which he gets an angry phone call from Palin’s aide.
Posted by: Ryan C | March 13, 2009, 7:07 pm 7:07 pm
“Stewart is not a genius, he’s just a liberal hack who is not honest about calling out his liberal friends at being part of the problem.”
Like when he tore apart Chris Matthews over his new book.? What a “liberal hack”… – snark.
Posted by: Ranger | March 13, 2009, 7:17 pm 7:17 pm
Jon how does it feel to be a victim of someone else’s comedic jokes? You see Cramer is a clown, but the viewers of mad money thought he was a genius! This is comedy on both side worthy of the Colbert’s report. Let’s try to be civil with each other,if we are going to move forwards in this economic drama.
Posted by: grewaconscience | March 13, 2009, 7:19 pm 7:19 pm
I used to respect and admire Jon Stewart and I could quite frankly, care less about this Cramer guy. However, after seeing his arrogant, self-involved “Oberrmann-Esque” pompous rant the other evening, that respect has faded. Who are there second-rate cable hosts who think that their opinions are somehow relevant anyway? Stick with entertaining and hilarious fake news reports Jon. You seem to be going through a mid-life crises where you want to MEAN something. You make people laugh, that is more than enough.
Posted by: PhillyPaul | March 13, 2009, 7:20 pm 7:20 pm
Its just HILARIOUS reading all the knee jerky conservatives just getting all exasperated that Stewart ate alive one of their TV heroes, and with the VERY VERY tired “liberal” label being used and not actually bothering to address the very real accusations, which by the way, Cramer never bothered to deny. Its pretty obvious that conservatives get all bent out of shape because deep inside they know all too well that they subscribe to the greed that created this whole big mess to begin with.
Posted by: Mikhail | March 13, 2009, 7:35 pm 7:35 pm
Such sad, sad, people. It’s a comedy show fer cryin out load.
If Gibbs raved about Battlestar Galactica, you would be breaking out your cylon detectors and accusing Obama of wiping out the human race. Oh wait, I guess some of you are saying that…
Posted by: Jon Leslie | March 13, 2009, 7:48 pm 7:48 pm
Jake, the problem with the Obama administration as that it listens too much to the Jon Stewarts and not enough to the Jim Cramers. They listen to the smart elecs rather than the smart people. It is amazing how attacked Cramer has been and he’s a liberal Democrat. The world is more a dangerous place when the attack machine goes after anyone even those who are constructive and the liberal media turns a blind eye or as in the case of Cramer helps to discredit him. Hopefully, this post won’t be taken down like so many that don’t toe the liberal party line.
Posted by: Stevereno | March 13, 2009, 8:23 pm 8:23 pm
The title of this says it all. I’m not a Democrat anymore. The method of this administration seems to be to “beat down” those with opposing views. Mr. Obama and his “people” seem to think that the end justifies the means-and the end is getting more controlled by the minute. I’m on their email list and they won’t let me off. Obama and his “people” go back and forth between oppressive and childish bullying. Jon Stewart has joined the pack of wolves. None of these people have the guts to do anything by themselves. Cowardly to always have others do your dirty work. Ironic that Obama does and allows the very thing he ran against.
Posted by: RL in Illinois | March 13, 2009, 9:02 pm 9:02 pm
I’m a liberal Democrat; I agree with Jim Cramer that he, and all (I seldom say all in such contexts but in the case of CNBC financial commentators I will) his fellow financial commentators were irresponsible in not pointing out the disaster approaching – when many economists and financial experts were. Roubini was not that much of an outlier, he was a bit early but many others were writing and speaking about the problems while Cramer and CNBC were in deep denial. (Deep in da Nile?)
Bill Gross was one such – he’s still a good source. Roubini is fabulous. Brad Setser too. Johnson and Kwak are doing a good thing with “baselinescenario” – but they came to the party late.
As a liberal Democrat I am in fear and trembling when I see it reported that the White House is “gloating” about Stewart’s take down of Cramer and CNBC. The takedown is well deserved. But Stewart’s sword has two edges, and the White House strategy (TARP II, the PPP version of the bank bailout) is bad enough that that sword will, eventually be turned against its failure, and the White House and the Obama Administration will not get off even as easily as Jim Cramer.
Posted by: JIm Pivonka | March 13, 2009, 9:15 pm 9:15 pm
From the point of view of those (like me) who hope for President Obama’s success this proposal is worse than a non-starter – it is an utter disaster. To be plain, I fear it is political suicide for the President to remain attached to this approach.
Mr Krugman points out that “top officials in the Obama administration and at the Federal Reserve have convinced themselves that troubled assets. . . are really worth much more than anyone is actually willing to pay for them. . .” These officials have asserted that the current market value of these assets is aritificially depressed, and that there is a “basic inherent economic value” for the assets which is substantially higher. From this they draw the conclusion that if the assets were priced at their inherent economic value the institutions holding them would have healthy balance sheets, the derivatives which are based upon them would have value, and the credit default swaps which ensure them could be unwound without bankrupting AIG.
That set of “beliefs” accounts, formally, for the idea that if the taxpayer buys into these assets and holds them until their “true value” is restored then everyone will win, and the taxpayer will NOT be absorbing losses that belong to the banks. Very few people outside Summers and Geithner seem to believe this. Personally, I am persuaded that it is nonsense.
The reasons these assets’ intrinsic value is not substantially higher than their current market value are basically those that caused Treasury to abandon the “auction” of these assets as contemplated in the original TARP bailout legislation:
(1) The lending process which created much of the debt which went into the securities (MBS, etc.) making up these assets was so irresponsible and “non-conforming” that it is or approaches being fraudulent. Fraudulent debt included in packages of “securitized” debt poisons the entire “security” and leaves it pretty much valueless unless it can be formally “unwound” and separated into its constituent parts.
(2) The institutions which took these securities from the packagers, then repackaged them and sold them to investors, did not secure or maintain records of how the underlying debt asset was created.
In other words the value of the derivatives, based on the securities, based on the debt instruments, is indeterminate because there is so much fraud involved in the creation of the debt instruments and the institutions which packaged and sold them as securities and debts knew that, and did not obtain and do not have even copies of the paperwork behind the original instrument. We (taxpayers) don’t want those bad bank assets. Here are two weblinks that give the information we need to understand why:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL
Interest rate ‘freeze’ – the real story is fraud. (December, 2007. Yes, 2007 is correct.)
http://www.huffingtonpost.com/william-k-black/the-two-documents-everyon_b_169813.html
An article on fraud in these instruments and how it makes the value of the derivitaves indeterminate, and invalidates “stress tests” for the banks.
Since these “bad bank assets” have a value which may be nil or may only be indeterminate it is clearly inappropriate for the government to use a method of restoring health to the financial system which relies upon the taxpayer paying for the privilege of buying and holding them. WE DO NOT WANT TO OWN THESE BAD BANK ASSETS!
Posted by: JIm Pivonka | March 13, 2009, 9:22 pm 9:22 pm
Of course the White House raves
about Stewarts “beatdown” of
Jim Cramer they orchestrated the
whole thing!
Stewart never complained about Cramer
during the Presidential Campaign!
Cramer who was an Obama supporter and
is a Democrat who became disillusioned with the president’s sophmoric and
ineffectual policies and said so!
How dare anyone disagree with or
criticize the “messiah” AKA
President Obama!
So White House operatives called up
John Stewart(who is in Obama’s hip
pocket)and gave him his instructions.
The same thing was done to
Rick Santelli who had the audacity to
criticize the President’s
mortgage bailout plan which in effect
penalizes those of us who pay our
mortgages on time and rewards those who
took on mortgages they knew they
couldn’t afford by giving them
taxpayer(our)money.
Mr Santelli how dare you question the
“messiah”?
Anyone who watches John Stewart
regularly knows that it is a political
attack show masquerading as a
comedy show!
Most of the time he attacks Republicans.
In the case of Santelli and Cramer
Stewart has attacked members of his
own ilk who refuse to drink the
Kool Aid!
Posted by: reaganfan | March 13, 2009, 9:57 pm 9:57 pm
My goodness, I can’t beleive all the whining and moaning about Cramer embarassing himself on the Daily Show.
This was not a democrat/republican thing. This was a wallstreet/mainstreet thing. Stewart reacted to Santelli calling mortgage holders who are under water losers while being from a network that was cheerleading the very banks that were far more responsible for the crisis.
Cramer took it personally, derided Stewart on multiple shows and got his ass handed to him…so what?
These pundits can sure dish it out but they can’t take it. Cry me a river.
Posted by: Laci | March 13, 2009, 10:19 pm 10:19 pm
This is the change we need. Disagree with the White House and expect to get beat down.
So much for our freedom.
Posted by: jim c | March 13, 2009, 11:09 pm 11:09 pm
I’m sure Obama and Gibbs love Stewart, he’s their unofficial employee who goes after anyone in the media once they dare to attack the great Obama.
Posted by: sara | March 13, 2009, 11:21 pm 11:21 pm
Conservatives will cry…
For eight years we had an administration that defied reason, data, and common sense. The right lives off of false analogies–now somehow The Daily Show rightly hitting Wall Street and CNBC is seen as not speaking truth to power? Obama is far from perfect, but he has done nothing close to the shenanigans that Cheney, Bush and company pulled, so why the fuss? This isn’t even payback, it is simply long overdue.
I do give Cramer credit for facing the music, he is either a nice guy or working overtime to salvage his career. His own words were devastating, and Stewart was a combination of pit bull and Tim Russert. I was astonished at Cramer’s utter lack of a case–he should have been read his Miranda rights.
Posted by: Old Marsalla | March 13, 2009, 11:27 pm 11:27 pm
Whose audience has the biggest collection of kooks, dupes, freaks, fools and idiots: Jon so-called “Stewart” Liebowitz’s, Bill Maher’s, David Letterman’s or Stephen Colbutt’s?
Posted by: Tom | March 13, 2009, 11:48 pm 11:48 pm
Wow, the people that are posting here sure like to listen to O’Reilly and Limbaugh eh?
You missed the point entirely if you think this has anything to do with Obama or think that this was a personal attack on Cramer. Grow up and quit letting crappy “news” shows do the thinking for you.
Posted by: David | March 14, 2009, 12:02 am 12:02 am
I watched the show on its first airing. I usually don’t watch Jon Stewart because I have always thought of him as a pompous you-know-what. He is not well informed – he got a bachelors degree in Psychology from William and Mary – my alma mater – which is essentially one step up in difficulty from the art department and just about a left leaning. Yet, Stewart rips into people as if he’s this god of intelligence and wit. Case in point – when he said during the show that people should realize that we don’t make money in this country by investments and leveraging but by “hard work” I almost lost it. Cramer just sat there and took it. Here is a guy that makes MILLIONS a year on comedy – yeah, that’s hard work. And I doubt he is sitting their picking his portfolios in his 401k on Fidelity.com like you and me. If you believe that then you should get a BA in Psych at W&M. It’s idiocy. Jon, just like every other millionaire, has an investment adviser who I’ll bet a month’s salary puts him in all types of risky investments with high return. Shouldn’t Jon stop his investment adviser – scold him and then quit his job and start working in a coal mine or on a construction crew like people who really work for their money? Then he has the termity to say that he “knows” several traders on Wall Street and that they are all decent guys – yep, its all those evil CEOs fault. String em up, right Jon! That kind of argument would have gotten you an “F” in the history, economics or government departments at W&M, Jonny!
Posted by: Jim T | March 14, 2009, 12:21 am 12:21 am
William and Mary won’t do, eh Jim T?
Does it trouble you that Rush and Hannity couldn’t even finish a two-year degree? Check it out.
Probably don’t like Franken either, I suppose. Even though these guys actually research things before opening their pie holes. And they admit they are comedians while they shred the wing nuts.
Posted by: Old Marsalla | March 14, 2009, 12:37 am 12:37 am
Why exactly would the President of the United States be “pleased” with that show. President Obama needs to grow up.
Posted by: Deborah | March 14, 2009, 3:31 am 3:31 am
I’m not defending Cramer. I don’t watch his show so I don’t know what he said or didn’t say.
I just want to point out that Stewart didn’t call out Barney Frank and Chris Dodd for their involvement with Fannie Mae and Freddie Mac which bare much of the responsibility for the housing market collapse and the subsequent financial crisis we have been experiencing. He didn’t call them out when they gave the housing market a thumbs up in 2008 before the market collapsed. He also didn’t call them out for the legislation(proposed by McCain) that the Democratically controlled Congress opposed that might have saved us from this mess or at least made the collapse less severe. And, he sure didn’t call them out on the laws that Democrats supported and passed in the 90′s that allowed people to get loans for houses they couldn’t afford.
I think his attack on Cramer is politically motivated in that he did so after Cramer soundly criticized Obama. No wonder the Obama White House is happy with Stewart. He’s just another one of his lap dogs working to protect the President.
Posted by: POM | March 14, 2009, 3:58 am 3:58 am
You eggheads need to grow up!!!
Stewart said clearly on his show that his attack wasn’t toward Cramer. Numbnuts just took it personal and he got his a** handed to him.
Why can’t an argument just be because two ideas or opinions don’t match. It always has to be a political thing!
It wasn’t politics that got us here, It was GREED and lots of it!
END OF DISCUSSION…
Posted by: Pascual | March 14, 2009, 5:36 am 5:36 am
I’m mad as hell and I’m not going to take this anymore!
The crux of the true “news” behind this story by Mr. Tapper, is that the White House has seen its socio-political “property value” decline during just the first 60 days of the new administration.
Mr. Gibbs should learn to do his job in a more dignified manner. Mr. Obama should learn how to entertain foreign dignitaries from friendly. He has time to show Stevie Wonder a good time, but doesn’t have the time to even appear in the traditional joint press appearance with Mr. Brown. Oh yes, and the 25-DVD set of American films as a gift. Mr. Brown’s gift of a pen made from the wood of the British ship that fired the last shot of the war against the Atlantic slave trade. Of course, Mr. Brown probably has never seen “Star Wars” ever before.
I’ve just learned what “snarky” means, and found it was invented during the campaign. I don’t think McCain’s camp would have had the “urban-centric” folks, so there’s another little gift from the Government-Media Complex.
The truth is, my dear little-minded liberal KoolAid drinking friends, our current Administration has brought us “Change” but not the “Change” that WE the People need.
As for “Hope”? It has brought us all “Hope” … as in WE the People can only HOPE survive until 1-20-13.
Unless, of course, Nancy Leprosy rams through an Amendment to repeal term limits in her next bid to save 500 million American jobs. Team Obama’s buddy Chavez has already done it in Venezuela, so don’t say “It Can’t Happen Here”. By the way … read THAT book.
Posted by: Howard Beale | March 14, 2009, 7:08 am 7:08 am
Pascual you say that like it’s bad thing. I got news for you, it’s NOT.
Posted by: Lance | March 14, 2009, 7:16 am 7:16 am
Yes, Jon, there’ll be a little something extra in your paycheck from the administration this week!
Posted by: DD Christianson | March 14, 2009, 8:41 am 8:41 am
Um, I hate to break the news but the party who paid millions to journalists and Generals to carry their water was the Grand old party of the folks who are so outraged at the fact that a comedian has more ideas and backbone than their Wall Street suck-ups.
Maybe CNBC should do an hour show on anger management for the Bush Palin crowd.
Posted by: Joe Plumber | March 14, 2009, 9:10 am 9:10 am
Oh Lord, this is worse than I thought. Obama and Gibbs both really need to grow up. He needs to stop commenting on every piece of news that comes across. This is just demoralizing to have a president that doesn’t have the first clue about how to be presidential.
Posted by: Adam | March 14, 2009, 10:51 am 10:51 am
I applaud ABC News, and Jon Stewart!
You right-wingers need to stop watching the garbage that people like this, FOX, and Rush L spew out – nothing but negativity and hatred all for the sake of entertainment – you might as well be getting your news from World Wrestling.
Posted by: Anthony | March 14, 2009, 11:12 am 11:12 am
If Gibbs went after Cramer all you would hear is a resounding, “UGH.” He says that so much I have to google Palin videos to get brought back to life! They are all corrupt. CNBC, NBC, ABC, Cbs, Fox, CNN, PBS, NPR, CSpan, The US Congress, THe US Senate, THe US White House Administration, The Democrats, the Republicans, The Socialists, The Marxists, The Commies, The Pagans, The Nazis, need I say anymore. This world is passing away. Good luck to all of you who only rely on the above named parties for your information!
Posted by: Jeremiah | March 14, 2009, 12:13 pm 12:13 pm
Stewart an intellectual! He is a left wing attack dog and nothing more. Cramer? WEll I would’nt take his stock tips, I would however give him credit for being man enough to face Stewart on a leftist channel, although Cramer is a leftist who voted for change himself. Odd to see how Obama goes after everyone who disagrees with him, he does after all have Clinton’s attack dogs working with him . He wasn’t on Stewarts radar however until he criticized Obama. As for the “gentleman” who talked about Hannity and Rush, well I know they talk from their hearts and not to try and win votes. They want our country to remain a Republic and not become a socialist entity. Obama speaks with a forked tongue and his background is questionable at best. Most of his cabinet owes back taxes, freed terrorist, have interest in banks we gave bailout money to, are in charge of the same Freddie and Fannie they forced to give loans to unqualified people, gave bailouts to organizations under investigation for voter fraud, etc, etc. And Franken, another comedian with half a brain that no sensible person can believe won an election. Oh yes we conservatives are a bunch of wacko’s . Funny how Rush, Levine, Hannity can do shows that last for hours and don’t need a teleprompter for every word they say and yet none of them send a thrill up my leg, just give out verifiable info on what the nutty left is up to.
Posted by: Dot | March 14, 2009, 3:22 pm 3:22 pm
I wish we all would stop fixating on the liberal vs. conservative or right vs. left designations. When are we going to grow up and be Americans, united by the principles that made this country great?
We remain in a constant state of confusion and contention when we allow ourselves to be pigeon-holed into party designations and manipulated into accepting stratified party platforms that lack real, enduring substance.
We often fight and argue simply because we have decided to carry a certain designation because certain things on the surface seem to appeal or our families and associates tend to think a certain way, but do we truly understand what is at the core of the power structures we support? Do we understand where our current pathway is heading?
The bottom line is that both major parties have some good, but they both have major flaws, as well. When we consider honestly what has happened over many years, we must admit that neither major party is leading our country in the right direction.
It’s time for the common people to unite and to take a realistic and common-sense approach to getting our country back on track, using the simple principles that made this country great.
Let’s look at the real, core issues that need to be addressed and the mindsets that need to be developed to save our country.
Let’s stop the senseless political bickering and be real Americans who truly care about each other and about such things as truth, honor, respect, integrity, hard work, service, and loyalty. Freedom flows from virtue. We need to advocate goodness to deserve greatness.
Posted by: Libertas | March 14, 2009, 4:13 pm 4:13 pm
I think it is funny that people assume the interview was done for anything other than comedy and publicity. Did you see the introductory segment? They actively made fun of themselves and the whole situation making it seem more like the “feud” between Donald Trump and Rosie O’Donald than something to be taken seriously. The only reason that Stewart went after Cramer specifically was because he was the one that reacted most vocally to the initial criticism of cnbc, making him an easy target. Stewart said so himself to Cramer himself in preface to the interview. And politics? Stewart wasn’t advocating any economic policy, he was pointing out irresponsible journalism and advocating for the outsider of the financial markets that most of us are. And attacks on Stewart’s intelligence? At least watch the show before you decide he is a moron. A prestigious degree isn’t the absolute measure of a person, their actions are. He produces an intelligently funny show that does interviews like this to point out things that others overlook in our society. He is a social critic. Anyone here ever read Voltaire? Take a look sometime.
Posted by: Bob? | March 16, 2009, 1:11 pm 1:11 pm