Cramer gets Whacked by Stewart

by sammielee24 39 Replies latest jw friends

  • BurnTheShips
    BurnTheShips

  • BurnTheShips
    BurnTheShips

    White House spokesman on Stewart vs. Cramer: “I enjoyed it thoroughly”

    Quoth Jim Treacher a few hours ago, “I’ve never cared much about Jim Cramer, but it’s ‘funny’ how he didn’t become a problem for Jon Stewart until he became a problem for Obama.” And lo and behold, just across from Tapper at ABC:

    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…

    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.”

    Left unmentioned: The fact that Cramer was an Obama supporter. Oh, and the fact that Stewart’s chief criticism of CNBC, that it could have spared the public an economic catastrophe by investigating and exposing Wall Street’s reckless hyperleveraging, applies to 99.99% of the Obama-adoring media. Cramer’s taking the brunt of it here not for his shady admissions about how to game the market — that’s ancient history — but because, like Treacher says, he had the gall to turn on The One publicly. See also Mark Hemingway:

    If you want to have Cramer on your show and bully him for sticking his neck out and being spectacularly wrong in hindsight, fine. Perhaps he deserves it, and certainly it’s not hard to see Cramer as emblematic of Wall Street arrogance. The problem is that Stewart’s critique of Jim Cramer, or of the financial press in general, is not new or particularly relevant — banks have been collapsing for a year. It only became an issue when Stewart wanted to delegitimize Santelli and Cramer’s comments on the Obama administration.

    Indeed. Here’s the interview in three parts (there’s profanity, so please observe your official content warning); you can safely skip the first if you’re pressed for time. In fact, I encourage you to do so, as the only thing more insufferable than Stewart in his lecturing populist “clown nose off” mode is the embarrassing, hyperbolic adulation he gets for it from his media fanboys afterwards. Definitely watch the third clip, though, as it finds him sliding effortlessly from a critique of financial media into a critique of investment itself. How silly of Americans to think that they might make money from something other than their own labor.

  • BurnTheShips
    BurnTheShips
  • SixofNine
    SixofNine
    delegitimize Santelli and Cramer’s comments

    They'd have to have legitimacy in the first place for that to be true.

    And Santelli was too wimpy to keep his appointment with Stewart.

  • beksbks
    beksbks
    How silly of Americans to think that they might make money from something other than their own labor.

    How cruel and shortsighted, almost criminal, to jeopardize the retirements of said Americans after all of their labor.

  • OUTLAW
    OUTLAW

    I like Jim Cramer..He`s a Nut Case.....But.....He`s one of the few people who will admit when he`s wrong, and or screwed up..

    Clint Eastwood...OUTLAW

  • avishai
    avishai

    ">>>I'm looking forward to all the right wingers around here commenting, where did they all go<<<"

    Really? Do you LISTEN to Jon Stewart? What I love about him is that he SLAMS both sides. I was afraid after the last admin. he would tilt more liberal. Nope. Watch the March 3rd episode on the daily show website. About 6:30 in he rips Barack a new one.

    Remember Crossfire? He handed BOTH sides their asses. And that's why I love Jon Stewart. He's not a partisan hack, does'nt toe party lines. Unlike many on this board and many others. If you don't see that govt. is corrupt on both sides and are looking at one party to "save the day" you're part of the problem.

  • Warlock
    Warlock

    To quote a trader that you have never of: "Everyone gets what they want out of the market".

    Warlock

  • IP_SEC
    IP_SEC

    That was a very interesting.

  • Warlock
    Warlock

    Joe Granville, Jim Dines, Wade Cook...................................Jim Cramer?

    Warlock

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