John Stewart destroys CNBC and Cramer.

[Thor]

CNBC was the cheerleader to the economic collapse, this last week the Daily show repeatedly mocked and made the point CNBC was at best guilty of bad journalism, at worst guilty of criminal behavior.

Somehow it became Cramer vs Stewart, mostly created by Cramer's tour in his own networks shows mocking the Daily show.

Whats so sad before you watch this, is that its AGAIN John Stewart being the tough journalist against this ridiculous network and the shame they should feel after what they were aparty to.

We rely on a comedian to show us the ridiculousness??? Where the hell is CNN, FOX, and the rest of the news??

Sad we need a comedy show to educate us.

Anyhow enjoy this raping of Cramer by John Stewart:

http://www.youtube.com/watch?v=B96vUHKN_I4

[FanIn80]

I don't get any of it, but that was still very much on the awesome side of things for me.

[Daradon]

The funny thing is that satirists can almost do the best when asking the tough questions because if anything goes wrong they can make it look like a joke. Plus they aren' held to as high standards. Only other way you're going to have as much free reign and probably get a sincere interview is if you are one of the older head honchos like Dan Rather. Those old school journalists really knew how to do it, and that's probably why they were so respected. The only ones I can think of now that I actually respect are Brian Williams and Anderson Cooper and even they have a way to go to be compared with the guys from yesteryear.

Oh, and the late Bill Russert. He was great too.

But I do agree that the media by and large has taken a huge dive and I think thats part of the huge increase of the popularity of these shows. Even besides their news round up and skits, their interviews are just awesome. I learn so much stuff and end up checking out so many books I never would have checked out, even on topics I never thought I'd read about.

I mean I tune in to laugh, but I get educated. And then I actually see some journalistic gumption, knowledge, and integrity. It's nice to see.

Like anyone, I don't take all of what I hear to the bank, you use it as a first source and find out more if you want to. But it's still a lot more informative than most of what you find on the 24 hour news networks that are incresingly becoming saturated with celebrity news and hours devoted to tragedies in progress.

[RougeUnderoos]

nm

[Hemi-Cuda]

Jon Stewart is one of the smartest hosts on TV right now. so many people underestimate him when he interviews them or vice versa, thinking he's just a simple comedian, when the fact that they have to write their show and not just report on something means that he always does his research. The Daily Show and Colbert Report are the only two "news" type shows i watch, because all the major networks like CNN and NBC are trying so hard to capture the mainstream American Idol audiences with their gimmicks and gadgets the actual reporting gets lost in the hype. my favorite moments on The Daily Show are when they run the clips from CNN and the like showing how utterly ridiculous things like the big board or 12 talking heads are when you step back and look at it

it's amazing when i think about it though, i remember watching The Daily Show when it was an unknown late night comedy program on basic cable with some guy named Craig Kilborn. now Jon Stewart has managed to turn it into a worldwide recognized name that gets a lot of mainstream media coverage and can get some of the most important people in the world as their guests. it'll really be a shame when he retires, because there really isn't anyone else like that on TV

[SportsJunky]

I really enjoyed that. Cramer is a weasel.

[Daradon]

Cramer was supposed to be on tonight wasn't he?

I think they were going to make up a little, a lot has been built up about it around the web and cable channels.

I only watch the show on comedynetwork.ca though so I'm always a day or two behind.

[Burninator]

Here is a good write up about the whole thing from a financial blog that I read.

http://thelongrunblog.wordpress.com/...-daily-cramer/

[troutman]

Article in today's Globe:
http://www.theglobeandmail.com/servl...rtainment/home

It was perhaps the hardest lashing Stewart has given to a TV commentator since 2004 when he called Tucker Carlson and his then co-host Paul Begala “partisan hacks” on CNN's Crossfire, the since cancelled political commentary program.

[llama64]

What John Stewart is doing is pointing out the complete and utter failure of the fourth estate to do it's job in North America.

As a comedian, Stewart is performing his job to near perfection -- abject satirical commentary on current day events. It's sad that Stewart is one-upping journalists at their own game as a function of his own profession.

Stewart is a biased social commentator. Despite this, his opinion is more credible on all sides of an argument then any of the journalists in the industry combined.

I read somewhere that journalism has stopped being about reporting the facts and events and has become more about reporting the immediate reaction to events by so called "experts". Then it becomes reporting about the reaction to that reaction -- and so on. To the point where the journalists take it upon themselves to become the "experts". They need to redefine the line between editorialism and journalism and stick to one side.

[macker]

Both shows ratings go up at the end of the day who is the loser...

[llama64]

Originally Posted by macker

Both shows ratings go up at the end of the day who is the loser...

That's the short term... but Cramer has been further discredited which will likely destroy the long term ratings for his show.

Unless he re-brands himself and takes Stewart's criticism in stride.

Of course, I am assuming the Cramer audience has a couple brain cells -- which judging from his show, they don't.

[ricoFlame]

I don't like cramer at all, but i am shocked at how composed he was during that. Isn't ambushing someone with a bunch of stuff like that with no chance to prepare poor journalism? kinda came off that way.

Do people actually take financial advice from people who scream on the TV?

[Daradon]

Originally Posted by llama64

What John Stewart is doing is pointing out the complete and utter failure of the fourth estate to do it's job in North America.

As a comedian, Stewart is performing his job to near perfection -- abject satirical commentary on current day events. It's sad that Stewart is one-upping journalists at their own game as a function of his own profession.

Stewart is a biased social commentator. Despite this, his opinion is more credible on all sides of an argument then any of the journalists in the industry combined.

I read somewhere that journalism has stopped being about reporting the facts and events and has become more about reporting the immediate reaction to events by so called "experts". Then it becomes reporting about the reaction to that reaction -- and so on. To the point where the journalists take it upon themselves to become the "experts". They need to redefine the line between editorialism and journalism and stick to one side.

Very insightful take, it does seem like that often doesn't it?

[Daradon]

Originally Posted by fotze

Ambushed? There was lots leading up to that. He would have expected it, and kudos for doing it professionally.

Also, are all you guys spelling his name wrong on purpose, some type of inside joke? Its driving me crazy.

Pretty sure it's with a C and not a K. Even saw it that way on CNN.com.

How do you spell it?

EDIT: Globe and Mail has it Cramer too.

EDIT 2: Oh You're Probably talking Jon's name. Yeah I hadn't spelt that yet but it's Jon without an H everyone...

[Daradon]

Originally Posted by Thor

We rely on a comedian to show us the ridiculousness???

http://www.youtube.com/watch?v=B96vUHKN_I4

Isn't there a quote that says something to the effect of 'the jester is the only one who can get away with telling the truth'?

[Stumptown]

Originally Posted by llama64

I read somewhere that journalism has stopped being about reporting the facts and events and has become more about reporting the immediate reaction to events by so called "experts". Then it becomes reporting about the reaction to that reaction -- and so on. To the point where the journalists take it upon themselves to become the "experts". They need to redefine the line between editorialism and journalism and stick to one side.

I blame the internet for this development. The networks see themselves as competing against bloggers now, instead of competing against each other as professional journalists. Of course, everyone on the internet is an expert in their own mind, reacting to events (because they only have second-hand information, it's necessarily reactive), and the talking heads on TV have fallen into that same mindset.

And now that the major news (*cough* CNN) networks are relying more on completely untrained, random "experts" to "report" the "news" via YouTube and Twitter - they've almost completely removed real journalism from their programming.

If the news networks are actually serious about competing in this new environment, they need to get back to providing a service that the internet can't, instead of integrating the weakest aspects of internet-based "reporting" into their own programming. And bless Jon Stewart (and many others) for calling them out on their lazy practices.

[jayswin]

Originally Posted by macker

Both shows ratings go up at the end of the day who is the loser...

That's a little shortsighted, no?

[jayswin]

Originally Posted by ricoFlame

I don't like cramer at all, but i am shocked at how composed he was during that. Isn't ambushing someone with a bunch of stuff like that with no chance to prepare poor journalism? kinda came off that way.

Do people actually take financial advice from people who scream on the TV?

Well that's the issue, people do take advice from his show.

[MrMastodonFarm]

Anyone got a different link, that one is down.