Here's a sampling --
Jon Stewart is my hero -- and he should be yours, too
March 13, 2009, 4:42AM
After watching Jon Stewart last night expose and eviscerate Jim Cramer for his stock-bubble pimping, the question we all should be asking is:
Why is a comedian, an admitted "fake news show" anchor, the only journalist in America to have seriously questioned the media's role in the self-serving corporate fraud that has cost millions of citizens their homes, their savings, their jobs and their pensions?
Listen to Lou Dobbs, and it's illegal immigrants who are somehow responsible. Listen to Rush Limbaugh, and it's leftists and Democrats. Listen to Fox, and it's people who don't listen to Fox.
Listen to Michael Steele and ... well, it's hard to figure out exactly whom he's blaming, but it sure isn't the people who for at least the past eight years controlled Wall St., the government, and -- above all -- the mainstream media.
Cramer's pathetic defense last night was that his stock-market advice (which millions followed) was merely "entertainment."
So here's the underlying message to take away from Stewart's show: it's not that the MSM were unaware of who the thieves are, or even that they were complicit with the thieves. They ARE the thieves.
http://tpmcafe.talkingpointsmemo.com/talk/blogs/acanuck/2009/03/jon-stewart-is-my-hero----and.php?ref=reccafeIt's true: Jon Stewart has become Edward R. Murrow
13 Mar 2009 02:00 am
Through karmic guidance, I sprang awake at the exact moment Jon Stewart was beginning his merciless demolition of interview with Jim Cramer of CNBC's "Mad Money."
Yes, it is cliched to praise Stewart as the "true" voice of news; and, yes, it is too pinata-like to join the smacking of CNBC. If you want to feel sorry for me, CNBC = 25% of the English-language TV news offerings available in China, the others being CNN, BBC, and the Chinese government's own CCTV-9.
But I found this -- the Stewart/Cramer slaughter -- incredible.
Although, improbably, I share a journalistic background with Cramer*, I thought Stewart, without excessive showboating, did the journalistic sensibility proud.
Just before leaving China -- ie, two days ago -- I saw with my wife the pirate-video version of Frost/Nixon, showing how difficult it is in real time to ask the kind of questions Stewart did. I know, Frost was dealing with a former president. Still, it couldn't have been easy to do what Stewart just did. Seeing this interview justified the three-day trip in itself.
http://jamesfallows.theatlantic.com/archives/2009/03/its_true_jon_stewart_has_becom.php Jon Stewart Sends Jim Cramer's Stock Plummeting
Thu., Mar. 12, 2009 9:10 PM PDT by Natalie Finn
Jim Cramer sure got his assets handed to him tonight.
On Thursday, in an extremely hyped culmination of a week's worth of finger-pointing, insult-exchanging and lamentation over the U.S. stock market, The Daily Show's Jon Stewart took the Mad Money host to task in no uncertain terms.
"I understand that you want to make finance entertaining, but it's not a f--king game," Stewart said, one of a series of hardballs he tossed at Cramer, who strode into the studio looking as if he'd been brawling in the hallway, sleeves rolled up and prominent brow already glistening.
And Cramer's voice may have even cracked a few times as he uselessly tried to defend himself against Stewart's sobering critique of the CNBC star's on-camera treatment of the prevailing economic mess.
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Ultimately, Cramer vs. Stewart (aka Not Cramer) probably won't result in a massive shift in the way real cable news works, but at least The Daily Show can say it tried.
"So," Stewart concluded, "maybe we could remove the 'financial expert' and the 'in Cramer we trust' and start getting back to fundamentals on the reporting, as well, and I can go back to making fart noises and funny faces."
http://www.eonline.com/uberblog/b104254_jon_stewart_sends_jim_cramers_stock.html Lecturing Jim Cramer, the guy Jon Stewart really trumps is Rick Santelli
Delivering to Jim Cramer a show-long lecture about the responsibilities of a financial news network, Jon Stewart positioned himself as the thinking man's Rick Santelli, as a guy who's also mad as hell, but at the people who deserve the ire.
In the much anticipated Cramer vs. Stewart showdown on "The Daily Show" Thursday night after a week of public back-and-forth, Stewart wore the populist hat CNBC reporter Santelli tried to don a couple of weeks ago in delivering an on-air "rant," as Santelli called it, against irresponsible mortgage takers.
"They burned the
house down with our money," Stewart said, seething, of Wall Street insiders who turned piles of dubious loans into instruments of short-term profit, "and walked away rich as hell, and you guys knew that that was going on."
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He called it "this weird Wall Street side bet" happening on top of, and dwarfing, the public game of whether stock A or B is headed up or down. He kept the focus, almost unrelentingly, on the Wall Street gamesmen and women who turned bad mortgages into epic disaster and, to his credit, tried to indict Cramer and his colleagues en masse, and for failing a broader civic duty.
"I hope that was as uncomfortable to watch as it was to do," Stewart said when it was over.
That, Mr. Santelli, is how you do populist. See the difference between that and standing in a roomful of traders, going after a guy whose house maybe had two more bathrooms than he should have been able to afford?
Funny side note: Late in the show, as things were winding down, ads came on successively for Bank of America, which has seen its stuck tumble in the crisis as it bought more troubled financial firms, and for Apple, the stock of which Cramer seemingly talked about being able to influence in one of "Daily Show's" clips
http://featuresblogs.chicagotribune.com/technology_internetcritic/2009/03/delivering-to-jim-cramer-a-show-long-lecture-about-the-responsibilities-of-a-financial-news-network-jon-stewart-positioned-h.html Tonight, Jon Stewart morphed from satirical fake news pundit to bonafide journalist asking the hard questions, as he dug deep and uncomfortably into his cowering and humbled guest, CNBC "financial expert" Jim Cramer.
<SNIP>Jon Stewart takes Jim Cramer to the woodshed, shames CNBC
At times Cramer looked and sounded as if her were near tears.
"Absolutely, we could do better," Cramer said. "There are shenanigans, and we should call them out. Everyone should. I should do a better job at it. I'm trying."
The interview was a result of a week-long back and forth over CNBC, with Stewart holding up Rick Santelli's comments about "loser" mortgage holders, and Cramer's call for investors to buy and hold Bear Stearns stock in the weeks before it collapsed.
"I think it was bad, what he said," Cramer told Stewart. "It's a terrible thing to be foreclosed on. They're not losers. They're fighters."
It was when Stewart confronted Cramer with several web clips from a 2006 interview where Cramer said that, as a hedge fund manager, he encouraged the manipulation of futures trades with trumped-up news, and encouraged that "because it's legal, and it's a very quick way to make money, and very satisfying."
Stewart admonished Cramer over and again, and ended on the note that the network dump the whole Cramer as Guru concept and the ad slogan "In Cramer We Trust" and get back to fundamentals on the reporting, so that Stewart could return to satire and jokes, "making fart noises and funny faces."
http://www.monstersandcritics.com/smallscreen/news/article_1464397.php/Jon_Stewart_takes_Jim_Cramer_to_the_woodshed_shames_CNBC__-_VIDEO Jon Stewart nails the zeitgeist
Andrew Willis, today at 6:09 AM EDT
Investor outrage now has a voice, in the form of comedian Jon Stewart on The Daily Show.
For those who don't stay up late, Mr. Stewart took on CNBC host-cum-hedge fund manager Jim Cramer on Thursday night. It was billed as Brawl Street; the latest installment of Mr. Stewart's pointed criticism of the financial press in general and CNBC's cheerleading coverage in particular. This series of attacks are must-see viewing on YouTube.
It ain't exactly a brawl when one side don't fight. The normal feisty Mr. Cramer spent the session alternating between apologizing for past sins and promising to do better in the future. The fund manager did his best work earlier in the day on the Martha Stewart show, beating down on pastry with a rolling pin.
Mr. Stewart, however, is successfully channeling both his own frustration at what a few misguided souls on Wall Street has wrought and the greater public anger at fearful price ordinary working people will pay for the games played in markets. And he pounded Mr. Cramer with broadsides that included video footage from 2006 showing CNBC's leading light pretty much admiting to market manipulation.
Mr. Stewart is articulate, he's razor sharp and he's got social satire nailed. He made Tier 1 capital ratios funny. He also made a point that's been somewhat overlooked: A great many honest, hard-working individuals on the Street are paying a fearsome price for the mistakes of colleagues and leaders who worshipped at the alter of leverage.
For the YouTube generation, Mr. Stewart is issuing a call to arms, against a system that went radically wrong. As someone who works in the business media, the talk show host's critiques are, to put it mildly, food for thought.
http://www.theglobeandmail.com/servlet/story/RTGAM.20090313.WBstreetwise20090313060926/WBStory/WBstreetwiseJon Stewart Beats Jim Cramer's Sorry Ass on The Daily Show
Posted by Roy Edroso at 11:44 PM, March 12, 2009
There was something unusual about Jim Cramer's appearance last night on "The Daily Show." We've never seen a Jon Stewart guest so obviously expecting to get his ass kicked, and never seen Stewart kick anyone's ass so thoroughly.
In fact, Cramer was so sweaty, nervous and contrite, and Stewart dished so much shit to him -- showing 2006 clips of the CNBC financial shouting head telling people how to manipulate the market and, basically, telling Cramer that he was a co-conspirator -- "disingenuous at best and criminal at worst" -- in a giant fraud that had been played on investors -- that you might think it was something out of The Wrestler, a rigged match in which the supervillain allows himself to be defeated by the crowd favorite.
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So there was no need for Cramer to fix the fight with Stewart beforehand -- he came on the show ready to eat shit and get out from under.
He may have thought Stewart would be collegial at least. If so he was mistaken. Stewart usually plays a little showbiz footsie even with creeps like Bill O'Reilly, but he approached the interview as if Cramer had killed his sister and Stewart had learned forgiveness but was not about to let him excuse himself for his crimes. Even after Cramer had gamely agreed to try and do some real reporting on his show rather than just taking the word of his CEO buddies that everything was roses and passing it on to the consumer, Stewart pounded him for selling "selling snake oil as vitamin tonic" and for aiding in the destruction of thousands of his fellow citizens' financial security.
It might be premature to call the clash historic television, but it definitely hits a historic sweet spot: the king of big-biz bullish TV shouters atoning before Stewart for crimes against the public, like Henry II submitting to the Pope to be scourged for the death of Thomas Becket.
http://blogs.villagevoice.com/runninscared/archives/2009/03/jon_stewart_bea.php Jon Stewart wins the CNBC vs. Daily Show death match
Was this Stewart's Katie Couric's Sarah Palin moment? No doubt this was a serious interview. The laughs quickly disappeared as the interview became a stern rebuke of CNBC'S ethically dubious 'journalism'.
It felt like Palin's fateful interview with Couric had the CBS anchor repeatedly hammered the defenseless Palin with insults. Cramer was like a drugged up sniveling wolf being riddled with bullets from a helicopter with nowhere to hide.
Stewart said what so many of us without Wall Street connections are feeling, the fact that its just a game for many of the investors and hedgers and we're all a part of it as their pawns. They're not hesitant to feed us to the fire, burning us with our own money while the bishops, kings and queens recline in their luxury suites sipping $500 water, sighing "ah well," and playing a round of golf with human tees and flag pins. Too bad Bush wasn't able to privatize social security.
For all the buildup in the news media of the supposed battle that was supposed to take place, this was a decidedly one-sided affair.
http://www.examiner.com/x-4519-SF-News-Media-Examiner~y2009m3d13-Jon-Stewart-wins-the-CNBC-vs-Daily-Show-death-match