Friday night is typically catch up night for the Daily Show and Colbert Report. The accusal of CNBC of being asleep at the wheel is about as close as I have ever seen the Daily Show pushing an agenda, even more so that at ANY point of the Bush years.
Wow to watch as Stewart openly accused CNBC of contributing to the financial mess. Over the last week he has even hinted that some at the network have benefited financially while thier viewers lost billions taking thier advice to heart.
We anxiously watched this week's Daily Shows with the pinnacle being the Cramer vs. Stewart showdown. The fact that All Things Considered did a piece today on the feud says volumes. To me this was the best comment of the night by Stewart as a Principal chastising Cramer his naughty student:
" this is like Sherman's march through their companies financed by our 401k"
I also liked the taped piece revealing a much calmer, rational Cramer being a total hypocrite for doing the very things (selling short and recommending ways to artificially deflate stock) that he called out companies for doing.
When Stewart said, "I need Mad Money Cramer to protect me from, like you in that video, the one who knew in the ins and the outs of the business Cramer", I had to cheer.
Cramer also mentioned he is working with Congress... WTF? You are a freakin' TV personality with a series 7 license, regulatory powers you DO NOT have. What's next, Nancy Grace giving advice to the Attorney General or Wolf Blitzer entrenched in the Dept of Defense because his show is called "The Situation Room?"
I don't watch any of the above "kicking a** and taking names shows" for the very reason that they entertainment, not news worthy.
Bill thinks Cramer was sent out to clean up CNBC's very public mess and to serve as their whipping boy. The best thing for CNBC is by Monday for this feud to be out of the news cycle. Cramer's mea culpa was totally for show and staged to boot (as well as Stewart's obvious rehearsed condemnations.)
Thank you Stewart for pulling a Russert for old times sake. We are all better for a "fake" news network reporting what the real one missed.
1 comment:
When watching it, I couldn't help but think of the recent Planet Money podcast where they were talking about who to blame and they said that the american public wants blood. I think that's what Cramer was. Overall, I agreed with the point of the night, which is that the financial networks are not being financial reporters.
It's sad when you get better research and better news from Stewart and Colbert.
My fave quote of the night was when Cramer kept defending himself by saying CEOs lied to him... and Stewart called him out for not fact checking. LOVE IT.
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