Thursday, March 12, 2009

Jim Cramer = FAIL

There I was, toggling my attention back and forth between my slow YouTube connection and the Big East tourney game on ESPN when suddenly I looked up and saw that it was 11:00.

11:00 in my house means one thing: The Daily Show.

I watch this show as often as I possibly can and tonight's entertainment was as splendid as I have ever witnessed.

Tonight, Jon Stewart went all in on Jim Cramer, the host of CNBC's "Mad Money" for the entirety of the show and the only word your intrepid author could really muster while watching it was "Damn!"

Above:The combatants at the weigh-in.

I'm a big Jon Stewart fan and have been since he took over for Craig Kilborn on the "Daily Show" a few years back. Although he delivers with the caveat that the "Daily Show" is not a serious news program, Stewart manages to convey topical news with an intelligent yet comedic slant that often leaves me feeling like he's inside my head.(Along with the other voices.)

While I've turned past CNBC many times and seen Jim Cramer yelling, screaming, hitting various noise buttons while doling financial advice on a fairly reputable news channel, I've only ever found it mildly entertaining at best. Having worked in the financial industry in the past and having hated my overall experience, I've never felt inclined to commit to watching the show in its entirety.

Stewart and Cramer have been staging a media "feud" if you will for about a week prior to Cramer's appearance on Stewart's show and watching the the culmination of that feud brought to my mind a single word which Wiktionary defines as "any act that removes power from a person (particularly a man)or entity..." and Webster's defines as "to render impotent or deprive of vitality especially by psychological means."


Above:A visual representation of the Stewart / Cramer interview.

If you didn't see it, you need to.

Stewart started off congenial but the tone turned decidedly more confrontational over the course of the interview as he took Cramer to task for being callous and disingenous with the fiscal advice he offers to the average person who would watch his show as opposed to his industry cohorts. Cramer initially attempted to refute Stewart's claims but the video evidence that Stewart had of Cramer in regards to his advice to laypeople as opposed to industry insiders was damning to say the least. Cramer squirmed and fidgeted. His voice cracked and his posture conveyed a "What? I'm on YOUR side!" kind of attitude.

He's not.

The best part is that Jon recognized this and instead of letting him off the hook, he turned the heat up on his guest to "char."

Stewart likened Cramer's attitude to the attitude big business has to the average consumer. Stewart at one point said, and I'm paraphrasing here "...It's not a f_king joke."

He's right.

It's not.

Anytime these financial asshats and charlatans are made to sweat and squirm, my soul sings a happy song. I loathe these types with a passion that scares me. It's part of the reason I got out of that industry in the first place.

It doesn't happen very often in life, but every so often justice is served.

Last night on the Daily Show, it was served up to an unwitting Jim Cramer.

Hats off to you Jon. Keep making these smug bastards as uncomfortable as possible.

I'll keep cheering you on.


Blackberry Molasses/The Rebel Intellectual said...

I must go watch this interview... youtube, here I come!!

The Philadelphia Negro said...


Welcome back sis! Thanks again for reading. As far as the "interview" goes, yeah; you HAVE to see it. Stewart goes in on Cramer for the whole show and it's a beautiful thing....

The Pretty Brown Girl said...

This is a GREAT freakin' TV show review! I love Jon Stewart. He says he's not serious, but I definitely get a great view of the news from him. He ROASTED Jim Cramer! Good! I've seen that dude be asinine toward people in the past and didn't like him one bit.

The Philadelphia Negro said...


Thanks for coming back sis! As far as that show was concerned, that was one of the best on-air interviews I've ever seen. Stewart asked actual TOUGH questions and really voiced the opinion of the "everyman/woman." (Despite the fact Stewart himself, is loaded. lol)I was in my chair yelling at the tv like the Eagles were on!

Almost Doc said...

i LOVED that interview! and jim cramer is a damned buffoon...he shoulda kept his mouth shut when jon stewart was talking about cnbc cuz he has absolutely no excuse for his behavior. he was right...they knew what was going on and they let it happen. they didnt warn us. and now we're all screwed.

i watched the extended one on the site and thought it was brilliant...jon stewart is nothing if not well prepared and thoroughly hilarious!

The Philadelphia Negro said...

@Almost Doc

Thanks for coming by and stop back again often!

The worst part is that Cramer really is a financial whiz who could be using his knowledge and notariety to arm the average investor with realtime information, but he doesn't b/c he (along with the rest of CNBC) is in bed w/Big Business. Cramer nor anybody else can get mad for calling a spade a spade...

pgh_muse said...

Good stuff. Thanks!