Sad Money Showdown

By: Jason Colthorp
By: Jason Colthorp

CNBC's Jim Cramer vs. Comedy Central's Jon Stewart. It wasn't pretty.

If you've been following "The Daily Show" on Comedy Central, you know about this feud between Jon Stewart and CNBC.  Last week he shredded the network when Rick Santelli ranted about Obama screwing up the Stimulus Plan.  This is where everything began.

 That led to Santelli agreeing to go on "The Daily Show," but then cancelled with a a weak excuse.  That led to Stewart going after CNBC and all the financial networks on Letterman by saying they simply aren't doing their jobs.  CNBC's show "Mad Money" host Jim Cramer took umbrage to Stewart's allegations and started his own ranting about him.  He made the rounds of "Morning  Joe," "Today," and even "Martha" to chit chat about why he's really scared that a comedian is making fun of him.  Then... they booked him.  Cramer agreed to go on "The Daily Show" Thursday night.  It was not pretty.  I'll give you my breakdown after you've watched it.  If you haven't-- clear 10 minutes-- it's worth it.

It comes in three parts starting with the intro that includes a recap of the feud:




OK, first off, I thought Jim Cramer was this blustery, no-holds-barred windbag.  I thought he'd come on here and talk down to Stewart with his mumbo jumbo financial jargon and confuse us all.  Boy, was I wrong.  He just sits there and takes it and admits he has to do better.  Wha--?  How does CNBC not fire this guy after that performance?  Stewart absolutely eviscerates him.  A comedian shreds a so-called financial wizard with his own show on the topic of the economy.  Given, Stewart had the home-show advantage being on his turf, but come on.

One other thing on this topic.  I read an op-ed on this feud this week and it quoted a source who worked for CNBC who said it's not a journalistic endeavor.  Anyone who challenges a company or CEO puts their job on the line, because they're hurting their livelihood.  It basically comes down to CNBC and others being there as the mouthpiece for Wall Street.  There is absolutely no journalism or investigation going on or wanted.  The anchors and pundits are there to forward the billionaire agenda of the big boys of Wall Street-- it's NOT to tell you how to invest.  And if it is-- it's what Wall Street wants you to invest in.  It makes sense given the lead up to this economic meltdown and none of the "experts" at these financial networks saw it coming or challenged any of the Wall Street wizards who caused it.

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