Stewart pounds Cramer – round 2, no contest

March 12, 2009

I am so glad I have MySky (this is not a promo).

I never used to watch The Daily Show, but now I never miss it. Unfortunately, like most of our TV, it’s a couple of days old when we get to it

Never mind, Jon Stewart is doing a good job of going after the buffoons of CNBC’s financial news service.

Even better, the whole feud (not from Stewart’s view) is now getting wider play. The object of Stewart’s humourous knife attack, CNBC resident clown Jim Cramer, has been on a raft of other NBC shows to defend himself.

That tactic was a very interesting use of the power of the network – give Cramer a sympathetic interview and then get the other NBC anchors to hook into Stewart.

It back-fired. Cramer and the network now look even more stupid. This clip puts it into perspective quite nicely. As the YoungTurks say, it’s the fact that CNBC is crap at journalism and is no more than a highly-paid and duchessed cheer squad for the big end of town.

There’s also a nice summary at E! Online

EM’s backtrack on this story

if you want to be really entertained, check out the Jim Cramer YouTube archive. He’s a nutbag.

If you want to know more about the Cramer effect, check out Don Harrold’s YouTube channel

I love smart, angry Americans who “get it”.

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The Daily Show chops down the Wall Street poppies

March 6, 2009

I have to link to this, it’s a priceless chop down of CNBC’s coverage of Wall Street by the Daily Show‘s Jon Stewart.

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Background here Welcome to Loserville Mr Santelli.

It’s very interesting that Jon Stewart – an erstwhile comedian – is one of the sharpest and most left-wing critics of American capitalism. His “Fuck You” is priceless.