Jon Stewart vs. CNBC

While it’s sad that Jon Stewart, who is supposed to be a comedian by trade, is one of the most probing and responsible journalists we have these days, I’m sure glad we have him.

For those who haven’t seen last night’s full-show grilling of CNBC’s Jim Cramer (who was pretty much serving the role of proxy for the entire spectrum of financial news media) by Stewart on The Daily Show yet, here’s a link to the extended, uncut version of the show via National Public Radio’s web site. (WARNING: This version includes everything, including the f-bombs.)

For those who want the edited, TV-friendly version, here it is on Hulu.

Thanks to last night’s Daily Show, journalists with large audiences and professional legitimacy are finally beginning to discuss issues that before weren’t getting mentioned much. (Although I’d like to take this opportunity to be an egotistical jerk and toot my own horn for having brought some of these things up before. Of course, I have no audience and no journalistic credibility, so it really makes no difference whether I brought it up or not. Patting my own back from time to time just feels kinda nice, in a solipsistic and intellectually wanky sort of way.)

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2 Responses to “Jon Stewart vs. CNBC”

  1. Mike Says:

    I believe this was more about Stewart resenting Cramer for calling out Obama. Where’s personal responsibility? I feel bad for anyone stupid enough to follow Cramer’s advice… but, let’s face it, it is completely up to the investor to do their own research. Bottom line… investing is risky and if you can’t afford to lose it, don’t buy the stock.

    Instead of grilling Cramer, why not bring on Chris Dodd or Barney Frank and rip them new ones? Oh yeah… they are part of the team Obama.

    BTW, I’ve always held your journalistic credibility in the highest regard🙂

  2. utah1234 Says:

    While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

    China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

    The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

    Thanks,

    Ron with 30 plus years in the investment business and banking industry.

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