March 13, 2009

Jon Stewart faces off with Jim Cramer

Posted: 07:29 AM ET

After a week of pointed verbal barbs, host Jon Stewart sat face-to-face with financial analyst Jim Cramer on Comedy Central's "The Daily Show" and continued the assault Thursday. Stewart blamed Cramer and cable network CNBC for being irresponsible cheerleaders in the lead-up to the stock market meltdown.

Stewart, whose acerbic brand of satire centers largely on the political news of the day, has held Cramer's frenetic, nearly cartoonish, stock-advice show, "Mad Money," and other CNBC programming up as examples of an anything-goes attitude that contributed to the financial collapse.

"I understand you want to make finance entertaining, but it's not a [expletive] game," Stewart said during the recorded interview, segments of which aired on Thursday night. "When I watch that, I can't tell you how angry that makes me."

Stewart's blistering criticism of Cramer this week has included a censored, two-word phrase he spoke into the camera after airing video of Cramer enthusiastically urging viewers to buy stock in Bear Stearns.


Filed under: Economy • Jon Stewart

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j   March 13th, 2009 8:02 am ET

Jon Stewart and Colbert are FANTASTIC

If you need to laugh these days

that is where you go

Dave of Detroit   March 13th, 2009 10:43 am ET

I really wish that the experts had seen the warning signs of an incompetent administration and Congress had expressed concern over attacking Iraq instead of Bin Laden-weapons of mass destruction or not. I also wish that Kerry had kept his mouth shut about Roe vs Wade in the Presidential Debates and not gotten the Christian Right to back Bush again. I even wish Al Gore hadn't given Tipper a Passionate kiss-It probably offended the Gay Community! What I am saying is that hindsight is a poor substitute for good judgement and wisdom which has been obviously lacking in our three branches of government for a long time. I am also wondering when it will occur to the Supreme Court that the further they get from our Christian Belief System, the worse our Country becomes with crime, murder, and drug use-not to mention the condoms they want in our Middle School restrooms-Keep up the "Landmark" decisions guys, other Countries used to respect your decisions-not so much anymore. Other Countries can see where these amoral decisions are leading us!

Terry, TX   March 13th, 2009 11:54 am ET

Who watches either one of them...they do the same thing... the pursuit of ratings... a business person cannot predict the stocks and when they will fail....just like no celebrity can endorse or predict a winning president for two years and if they are failing. People who live in glasses should never throw stones.

Bob   March 13th, 2009 4:27 pm ET

Obama has given millions of people a little hope. I hadn't allowed myself to feel any of it until last night's Daily show. Thank you Jon Stewart and The Daily Show.

Thanks also to Jim Cramer for having the integrity to show up and take it, with humility, when you could have turned santelli and run.


Jeff   March 13th, 2009 8:33 pm ET

Why would anyone take someone's advice on TV? Cramer is an entertainer. Stewart is a comedian. Media is a business designed to garner ratings, advertising and profits. Just because some person speaks on TV doesn't mean they know what the heck they are talking about. It just means they are on TV. ... it is beyond me why anyone would use the comedy channel as their main news source. You know many people do just that.

amb   March 14th, 2009 11:16 am ET

It's just a bunch of garbage that either one of those guys say on thier programs just to get more viewership. I surf and swim away.

Mike Deist   March 15th, 2009 4:22 pm ET

For those out there who think that Cramer is an entertainer, think again. Watch his show one evening and see what stock he tells you to buy. Watch what it does after hours and the following morning. There are lots of fools that are taking his advice as gospel, and many have lost thousands if not hundreds of thousands giving credence to anything he says. More than 95% of all companies on all US stock exchanges are illiquid, i.e., their debt is signficantly larger than their assets. Companies that have lots of cash and little to no debt are unlikely to go belly up in recessions or depressions. If you want to know why America is bankrupt, think about how we have allowed ourselves to spend more than we make. The chickens are coming home to roost.

Teddy   March 15th, 2009 5:43 pm ET

Can you help us. Please help make the world aware.

Start at the bottom and work up.

What is the Bottom-OIL!

Get Gas Prices to $1.00- $1.25 and ahsure the world you will do what it takes to keep it their for 2 years.

That will lower all cost world wide and people will start buying goods.

This means we need to Fix OPEC.

Please email me if you need more back up info.

E.S.MCGEE   March 15th, 2009 10:09 pm ET

Yes, I believe stem cell research should be given a high priority.

fran   March 15th, 2009 10:21 pm ET

Jon Stewart is just scrabblin to pick on someone since Obama was elected and Bush is gone...he Never says anything even remotely negative about Obama and his administration...its rather pathetic...the guys not perfect...they'll screw up..every Prez does...start the laughs and stop suckin up...its too Anderson!!

Richard & Betty Ice   March 15th, 2009 10:22 pm ET

We are in agreement with Former President Clinton and President Obama on Stem Cell Research and would vote "YES" & urge starting this research immediatly.

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