Friday, March 13, 2009

I'm late on this...

...but it deserves commentary anyway. Jim Cramer got hammered on The Daily Show by Jon Stewart. Part of me is glad. He became the face of this debate between CNBC and The Daily Show (unfairly, as Jon Stewart noted). He had his feet held to the fire. He had to answer extremely difficult questions and was able to admit mistakes and wrongdoing. He kept and open mind and ear to what Stewart said and, along the lines of what Jon Stewart pointed out, if Cramer didn't spend all his time yelling and hitting buttons that make silly noises, he would be able to do the things that Cramer says he wants to do (prosecute corporate criminals in the public court). I'm sure this an excrutiating and awkward experience for Cramer that was extremely unpleasant. I'm also glad for this. Much like a show trial, it gives at least some people the consolation that someone is answering to the crap that CNBC puts out into the world. Being the cynic that I am, I also know this won't change anything. This will not be a "Crossfire with Tucker Carlson and his retarded bow-tie" incident where two days later the show is canceled. CNBC will continue to air its garbage and the reporters will continue to take what CEOs and other financial dickfaces have to say at face value and we will all continue to suffer.

On the flip side of all this, I admire the fact that for once, someone that The Daily Show criticizes (aside from Bill O'Reilly) actually went on the show to answer questions about the beef The Daily Show had with what was going on. Props to Cramer for going on the show and having his feet held to the fire; for taking the abuse from Stewart with good nature and not losing his cool. He took the jabs and lumps on the chin and kept going. That's admirable. Whether it will change anything he does, I have no idea. Maybe he learned something from Jon Stewart swearing and getting upset. Even so, Nardelli refused to go on the show. And I doubt you'll Kudlow or any of the other CNBC hacks talking to Jon Stewart anytime soon. So, kudos to Cramer, as well as a hefty shame-on-you to him and all of his CNBC compatriots. I think of all of those losers, Cramer is the least objectionable (despite all the yelling). Big Kudos to Stewart for being serious throughout this interview and taking issue and initiative to not back down. And kudos to the Internet for allowing me to watch it online.

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