Last night was the thrilling conclusion to the week-long exchange of broadcast words between Jon Stewart, host of Comedy Central's The Daily Show, and Jim Cramer of CNBC's Mad Money.
For us at MEvBLOG Central, The Daily Show is one of the only reasons we haven't gone completely TV-on-the-Internet and the past week has shown why.
On March 4, Jon Stewart - who, by the way, has a reputation for being extremely intelligent, very liberal and acerbic - skewered CNBC's Jim Cramer. Stewart suggested that both he and the financial news network contributed to the current economic meltdown and showed clips of Cramer telling people to make moves that - had they listened - would have resulted in them losing the entirety of Junior's college fund.
Over the next few days, Cramer and several other anchors from the NBC family of networks fired back at Stewart, saying he crossed the line between humor and decency.
Stewart - the first to admit he knows of no such line even existing - also fired back and a media battle royale ensued.
THEN, Cramer stepped up to the plate and accepted and invitation to appear on The Daily Show last night. Jon Stewart, having a home field advantage, didn't pull any punches during the interview and called both Cramer and CNBC to task. Cramer was pretty obsequious and agreed with Stewart on a lot.
But, you've got to hand it to Cramer for even agreeing to come on the show. It takes a big man to admit when both he and the ENTIRE network that employs him was wrong.
The interview is both funny and interesting, and all three unedited interview segments - a little over 20 minutes - are below.
What do you think?
Friday, March 13, 2009
Cramer vs. Stewart (Not Kramer)
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4 comments:
And it's not just Cramer. NO! EVERY SINGLE ONE OF THE "EXPERTS" DID THE SAME THING! ALL of them were wrong, wrong, wrong. from the opening credits to the time the market closed, every single one of them was wrong.
At least Cramer was able to man up and deliver himself to the cameras, knowing in advance he was in a knife fight holding a teaspoon.
RE: Anne
I agree. Will be interesting to see how, or even if, this changes the face of financial news reporting.
Stewart has a point but I think its pretty ironic that he gives Cramer a hard time for not taking the finical news seriously when he doesn't take political news very seriously. Both of them are trying to produce an entertaining show. The viewer of both shows and any other show needs to double check the information that they are receiving and then make an informed decision. Anybody that makes investments solely on what Cramer says then they got what they deserve.
RE: MC
Agreed...though Stewart makes no bones about the fact that his is a "fake news" show.
Cramer's show was presented as being more dependable.
Only Friday, after Cramer's interview, did CNBC start running a disclaimer advising viewers that Cramer's opinions are his own, and they should check with their financial reps before taking his advice.
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