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Stewart vs. Cramer

March 14th, 2009 by Rick

So, many of us have seen the spectacle of Jon Stewart on the Daily Show skewering Jim Cramer and CNBC.  And then the big showdown between Stewart and Cramer on the Daily Show.

Frankly, it was a bit anti-climatic.  Stewart seemed to have his lines of attack all set up and ready to go, while Cramer seemed to mostly crawl into his shell.

I do have to agree with Tucker Carlson, though (who himself has bore the brunt of a Stewart attack).  Had Cramer been a clear Obama supporter, would we have seen anything near this level of vitriol and hype?  Not likely.

But then again, Stewart is the host of a comedy show, and certainly is not held up to a journalistic standard.

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  • […] for a conservative Jon Stewart meaning they shine a spotlight on and poke fun at contemporary Stewart vs. Cramer – thecrimsonblog.com 03/15/2009 So, many of us have seen the spectacle of Jon Stewart on the Daily […]

  • It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

    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.