NBC Stars Whimper About Jon Stewart's Skewering of CNBC

Dan Gillmor is a BoingBoing guest-blogger.

The poor widdle babies at NBC are soooo unhappy with Jon Stewart's skewering of CNBC's stock-market boosterism and stupid behavior. If you haven't seen it watch this first and then come back:

Josh Marshall's team at Talking Points Memo, calling NBC's Jim Cramer and Joe Scarborough "the two whiniest grown men on television," pulled together the NBC stars' on-air complaints today. A few fair points peek out from the forest of rants, but the TV personalities' thin skins are remarkable given how much crap they dish out to others all the time.


  1. The really sad thing about their collective complaints (from what I saw on TV I have not watched this particular clip of it) is that they seem to think that the choice is between thinking Cramer is decent at predicting the stock market, or having an alternative method to predict the market with. Why is there literal no voice on TV pointing out that you can’t predict the market other than a comedian on a comedy channel? has the world gotten this insane?

  2. Hi,

    Please stop linking to videos that are only available in the US.

    I think the general boingboing crowd has at least a passport and can travel freely from one country to another. As should digital media.

    Instead of pointing to the DRM crippled “official” site, could you please post links to the illegal youtube, youku, or megavideo site where the international fans of boingboing can see whatever it is that you are referring to.

    Otherwise… you will just be forcing us to become pirates so that we can join in the general discourse.

    Otherwise, then, y’know… when the RIAA breaks down my Canadian door I can say – “Boingboing made me do it!!!! They made me go rogue just so I could watch the video links!!!””

  3. John Stewart has no problem taking stands… And he makes no bones about being a democrat and supporting Obama. But he also makes no bones about being on the Comedy Network. As he said to the Crossfire douches, “I’m on after a show where puppets make crank phone calls. If you’re looking to me for journalistic standards, then gentlemen, we have a problem.”

    That’s the nature of a comedian / commentator. He gets to make fun of people’s failures. It’s amazing to me that Kramer made such horrible calls but still feels like he can defend himself for doing so.

    Buffet still massively outperformed the market. Did Kramer? Definitely not if he was saying to hold on to Sterns, AIG, etc.

  4. Jon has been very cruel to these people. There is only one proper response: can someone set up a paypal account so I can send Jon some money?

  5. Jim Cramer made money on the stock market. Now he makes money TALKING about how he made money on the stock market. He also recommends what you should do on the stock market.

    He’s no different than Darryl Waltrip on NASCAR. He’s a guy who had success on the (then) Winston Cup circuit, who now has success talking about the success of others on that same circuit.

    The difference between them however, is that when Darryl Waltrip recommends I buy GoodYear tires, I’m not in jeopardy of having my life’s savings wiped out.

    “Remember, Invest early, Invest often, and above all…. Stay invested!” Oh and buy Lehman. It’s solid. Good grief what nasty people these are.

  6. Wow that is just breathtaking. Who is that guy carping about Stewart in the “morning joe” segment? He sounds like a jilted lover complaining about his ex, it’s breathtaking in its absurdity.

  7. Heh, at the end it’s more like Cramer is trying to defend Stewart (“he’s a comedian”) while Scarborough keeps attacking him. And for doing his job! Yup, Stewart is a comedian, his job is to entertain people and make them laugh. That’s it.

    Cramer’s job is to provide sound financial advise to people. The nature of the beast is that he’ll get it wrong some times, and Stewart will mock him because of that. They’re both doing their jobs.

    Scarborough’s job is… what the hell is he suppose to do? Meh, probably just complain.

  8. wouldn’t it be swell if CNBC had John Stewart come down to the studio and actually ask him serious questions and not hide behind all that “oh he’s a comedian, pish posh, we just won’t take him seriously” bollocks.

    Yeah, and we all know how that worked out for Tucker Carlson.

  9. I like the implicit assumption that all Presidents deserve the same amount of ridicule regardless of their ridiculousness.

  10. It’s nice to hear a man on a tv show complaining about another man on a tv show having “a hundred people working for him”. Especially when he’s sitting on a set with dozens of people working behind him…on his show.

    I also enjoy the logic that if Jon Stewart isn’t mocking the president he’s a hypocrite. Maybe there’s just a bit less material? Really, by the end of the Bush Administration he could often just roll the day’s tape and simply stare at the camera shaking his head.

  11. The real hilarious thing is that Jon Stewart would agree with every single thing Scarborough said about him and his show and then ask what the problem is.

    People don’t understand that they are the professional journalists with high standards and expectations and when Stewart shines an extremely accurate light on them, they try to defend themselves by attacking The Daily Show. Except they never understand what the Daily Show is and what it is not.

    Stewart is a comedian who talks brilliantly about todays society and the political sphere. But its still just a comedy show that delves into sophomoric antics very often. The problem is that Stewart and the Daily Show is often dead on with many of its criticisms.

    Stewart spent years attacking Fox News and Bush and Republicans (and rightly so), but has shined his spotlight far and wide and is not afraid to poke fun at Obama and many other news organizations. What comes to mind is his mocking of the fawning media’s infatuation of Obama during the campaign.

    As far as Cramer, Stewart is so right. And my takeaway is that Mad Money should be taken about as importantly as The Daily Show, which is simply no more than entertainment.

  12. I just wish Jon Stewart would set his sights on some of the people that really deserve it. I’ve enjoyed this little Cramer skirmish over the past couple of days, but Stewart: you’re just barking at the gates of the machine. Let’s see you take apart the whole damn thing, and make us laugh while you do it.

  13. I love Stewart’s work and have for years (long before he took over the Daily Show) but what really amazes me lately is the power of his research team to enact a fast and deadly focus on nearly anyone. I’m not complaining that they are in comedy but why can’t the real news and other organizations exhibit this type of focus and hard work?

  14. @ weewillie – So you’d like Boing Boing to link to an illegal version of the video so that you don’t have to become a pirate?

    While I’ll agree with you that a DRMed video that prevents playback in another country is a bad idea business-wise and morally, asking another party to undertake in illegal activities on your behalf is bad form. Especially when a 2 minute search returns the results you are looking for.

    Now mind you, I’ve just made the link available to you, and any other reader, but that, to the best of my knowledge, has not been proven illegal yet.

  15. Joe should be careful what he wishes for. John Stewart went up against Tucker Carlson and spanked him so bad that he killed his career.

  16. Rick Santelli was way the fuck out of line, and Jon Stewart did what he does best, dissect media narrative. He did it with characteristic brilliance.

    CNBC were just doing their job, but the fact is their job is to ignore market risks and talk up investment. Now is the perfect time to look in the rear view mirror and critique the wisdom of such a channel.

    CNBC can suck it up.

  17. meh. I like it.

    The douchebag reporters were waving their hat in the air as the bomb fell, and they didn’t even know it. That alone is funny, in a dark humour kind of way that Americans aren’t familiar with.

    But the daily show guy nailed it by starting with the rant on from the stockmarket floor about how bailouts were buying new bathrooms for greedy home-owners. Don’t these guys know when to shut up? he was asking for someone to tear them a new one :)

  18. I hate comedy central and the comedy network.

    Can’t watch Comedy Central ’cause I’m in Canada, and The Comedy Network’s website is total bunk – it’s impossible to find the corresponding clips (if they even exist. I looked for Jon Stewart’s rant and I think I may have found the right episode but I can’t tell..

    Anyone know a (convenient) workaround?

  19. WeeWillie, oddly enough (I haven’t read the rest of the thread, so this could have been said already), I’m not in the US, but I’m getting the video fine.. (UK)

    Could be your ISP?

  20. @20: “why can’t the real news and other organizations exhibit this type of focus and hard work?”

    They can and they choose not to do that because it’s not as profitable. Most news organizations don’t do research and they don’t have commentators on who oppose the government’s line. Most American news organizations don’t want to spend time looking up clips, searching Lexis-Nexis for quotes, and so on while they put together a story that challenges power to come clean with the public. They want to be entertaining first so that they can be commercially viable and not lose their sources.

    I lost virtually all respect for most American news organizations when I saw how they treated the most important story in recent memory: the run-up to the Iraq invasion and occupation. From cheerleading invasion, to misreporting the largest public demonstrations against Iraq invasion, to not examining Col. Powell’s lies before the UN (many times calling his speech a fine piece of work), through their one-sided expert commentary where peace activists were never invited on-air, to embedding with the military thus forsaking critical perspective, right through to the uniform lack of self-examination (which we know at least the NY Times is capable of, given how they treated Jayson Blair for his far less important lies); most American corporate news outlets got it wrong. Research and asking tough questions would have gone a long way. But they didn’t do that, they were merely stenographers to power at the White House daily briefings and animation-happy sycophants while they talked about the weaponry with their military commentators.

  21. I agree that it’s a pain to play the clip and find that ‘In Canada, you have to go to the main page of The Comedy Network’ and then crawl around for it.

    You can find it there if you look hard enough, but why doesn’t Comedy Central/Network xref the videos and redirect you itself? Either way? It’s more eyeballs for them.

    I don’t expect the poster to try each video from other countries. Hey, it worked from where I’m sitting. How can *I* know that it won’t work from somewhere else?

    What I have noticed is that since the shows have been available on the web, the numbers of downloaders have dropped substantially. So fight pirating by making it easy to find and access. Cuz even though I get it on cable, I’m still using the torrent. At least until there is an easier way to find the referenced videos.


    I would like to remind you that “the media” is not one entity. As much as the conspiracy theorists would like to posit, it is indeed very fractured and competitive.

    While your criticisms are valid in many ways I think the root of your viewpoint comes from specifically Fox News which is has the least journalistic integrity and more broadly national television news which is the medium with the worst journalistic integrity.

    Still I’d like to qualify my defense of many reporters out there that the trending towards saving money has led to a deterioration of journalistic integrity across the board. There are lots of well meaning journalists out there but the institutions have gutted the medium years ago through the chase of money over stability through integrity.

  23. These idiots are gonna regret that they didn’t just let it slide. Engaging in a battle of words with Stewart is like arm wrestling against Superman.

    Any pundit that thinks it’s safe to dismiss Jon as just another dumbass comedian would do well to remember how he pretty much singlehandedly got “Crossfire” canceled in 2004.

  24. The strangest thing about Santelli’s spiel is the bit where he asks a room full of financial industry professionals (or simulacra thereof) what they think about bailing average Americans out of their end of the crisis, taking their shouted “No!” as a mandate.

    …but didn’t the very bailout to save those same people’s bloated employers pass despite mass amounts of public hostility? I mean, all polling data I ever saw suggested that the vast majority of Americans thought these companies should’ve been allowed to sink or swim on their own, and were angry about the bailout. Some of us are still seething.

    I’d like to grab Santelli by the ears and ask him what the difference is, but I’m afraid I already know: most homeowners don’t have lobbyists.

  25. actually hphovercraft, in theory homeowners do have lobbyists. They’re called the house of representatives. Unfortunately their number is capped at 235, making them just a second senate instead of the populist fresh-idea machine they’re supposed to be.

  26. #30 Jay Acker

    Except he didn’t write “the media” he wrote explicitly “most American news organizations” and “most American corporate news outlets”. And, he’s right. War makes news, which makes money for news outlets, so they’ve got some incentive to avoid criticizing war efforts.

  27. I think the retorts miss the point of the Daily Show clip, and are defending the wrong flank.

    These guys are the way that the general public remains informed about the market. To argue, as Rick Santelli did, that homeowners were way out of line in accepting the loans that the bank and NBC told them to take and thus should be allowed to crash is not only ignorant, it’s actively hypocritical when you work for a bank or NBC.

    The retort that “I don’t think anyone anticipated the breach of the levies” does, in fact, muster some defense against cries of incompetence. But Stewart rightly pointed out that if you turn around and say that homeowners can choke on a donkey’s dick because they should have known better, than you probably deserve to rot.

  28. The whining from Jim Cramer is almost enough to make you forget that Jon Stewart’s routine was prompted by Rick Santelli, not Jim Cramer, and targeted at CNBC and the rich bastard / rich bastard bootlick demographic they represent, not Jim Cramer. Which is undoubtedly the goal.

    If the question is, “Why is Jon Stewart attacking Jim Cramer?” then it’s much easier for Scarborough to ask, “Why isn’t Jon Stewart speaking truth to power?” As if that wasn’t what Jon Stewart did when he skewered CNBC and the golden calf it worships.

    Otherwise, Jim Cramer is right about one thing. Jon Stewart is a comedian. And Jim Cramer is an investment advisor. In that way, they are different. Another way they are different: Jon Stewart is good at his job; Jim Cramer isn’t.

  29. I love how bored the blonde lady is throughout this entire commentating. It actually comes near being incredible.

  30. @29 JB NicholsonOwens

    Really, I was asking that in a rhetorical fashion but kudos to nearly all that you said in reply.

    The next twist in this story is coming: Jim Cramer is listed as a guest on the daily show for Thursday (4/12)

  31. The strangest thing about Santelli’s spiel is the bit where he asks a room full of financial industry professionals (or simulacra thereof) what they think about bailing average Americans out of their end of the crisis, taking their shouted “No!” as a mandate.

    I was hoping at least one of them would shout “No! Give it all to us!”

  32. CNBC made money off people losing money. If you can’t predict the market, then you shouldn’t tell people you know what’s going to happen. And being made fun of is hardly retribution.

  33. Stewart lets his targets hang themselves. He is primarily a media critic who does little more than replay the absurdities of others, with accompanying eye rolls and gasps of disbelief. I don’t watch him very often — something visceral, I’m afraid — but I admire his putting together a singular format and making himself very much a player to be reckoned with on cable TV.

    He’s got a hell of a crew of TiVo jockeys working for him.

  34. I respect the rant Stewart did on CNBC, regardless of how many teams of writers and editors he has formulating this stuff. It really resonated with me as an investor because I stopped watching CNBC years ago for the very reason that it is nearly ALL BS, there is maybe 10% useful analysis and strategies mentioned on that show and it is almost always coming from guests. CNBC shows seem geared toward hyping stocks and ripping on others usually with very little transparency as to why. I’m sure that it’s clear to most that Stewart’s piece was for comedic purposes first and informative second. To see Cramer complain that the clips were all cherry picked and that the editing was unfair is just dumb, he’s complaining as if Stewart is a real first class reporter and then stumbling over his words when he says Stewart is a comedian. Cramer is an analyst yet his show is full of more Hee-Haw gimmicks than Jon’s, btw when does Cramer ever stop screaming? CNBC is the FOX of the financial world, sugar coated BS designed to manipulate the “dumb money” (retail investors).

  35. Hey Buddy, the Daily Show appears as you describe it on initial viewing. Repeated viewing reveals that the snippets replayed are a brutal, incisive desconstruction of political narrative in the media.

    It is, without a doubt, one of the most informative news services around. I like the fact that they can defend themselves as “comedians”, and the show is hilarious, but it is also brilliant, sober editorial.

    Compare and contrast with Colbert which, while good for a laugh, lacks any of the substance of the Daily Show.

    And lets not forget his interviews. How about the one with McCain just before he announced his candidacy for President? Gripping stuff. Real questions, real intellect, no soft option. Increased my respect for both men many fold.

    Anyone from CNBC who wants to take him on better have their argument lined up real straight.

  36. wonder how many of the “dumb money” have written to Cramer asking him why they are now destitute after trusting him? Think it affects him?

  37. @ #5 WeeWillie

    “Otherwise, then, y’know… when the RIAA breaks down my Canadian door I can say – “Boingboing made me do it!!!! They made me go rogue just so I could watch the video links!!!”””


    Check that clip about a minute in. When Comedy Central tells you that you can watch their stuff at The Comedy Network in Canada, they’re not lying. Lots of stuff available there, and not illegal in the least.

  38. I should have said that my irritation at his mannerisms have waned of late; I find myself hanging in there longer. I agree his interviews are getting tougher. He’s throwing the hard stuff more and finessing less. I admit he’s got game.

  39. @ canadians–

    Just out of curiosity, does using a virtual OS like g.ho.st fix the access problem? Seems likely.

  40. Unless the offending video was switched for another one before I watched it, it works fine in Australia too.

  41. Stewart is a sleeper. Under the clever guise of a comedian, he has become one of, if not THE most truthful commentators on TV. When he has a real interview, he does not fuck around. Someone said colbert wasn’t as relevant, I think he is. The most mocking satire going in politics nowadays. These CNBC d-baggers are sprinting full speed into a minefield, ask Tucker how that worked out for him.
    And Joe Scrapbro is a fuckwaste blowhard, plain and simple. That poor blonde chick that just has to sit there while he WHARRs and GARBBLEs, I hope she gets paid more than him. I am glad they moved his time slot even earlier, by the time I get off work its on to general news.
    John Oliver needs more screen time.

  42. It’s hilarious how they want to hide behind “he’s just a comedian” when they want to cut him down, but in the next sentence they’re questioning his ability to predict the markets…

    It’s the beauty of political satire… the idea isn’t to find the cutting edge of new ideas, it’s to cut through the bullshit and show us the absurdity of the lies we’re being sold…

  43. Please: for the sake of God. Stop calling it news. The Daily Show isn’t news. The media picked up (NBC/CNBC/MSNBC/CNN/ABC/ETC) on the commentary that Jon did and made it news (more specifically Crammer was a huge catalyst for that).

    The CNBC reel put together by the daily show wasn’t news as its widely known that they are jokes. All this has been is just entertainment.

    The problem with the downfall of the print media is that they do the majoirty of the news gathering. All the other broadcast/cable news does is commentary.

    So to #30–just because not all people on tv are jackasses doesn’t make them reporters. They are first and foremost commentators while being in the secondary roll of being reporters. They get the info they need from their sources (which is either someone on the left or someone on the right) and report what a source said. There’s very little validity checks done to ensure the information that is passed on is accurate; further, even if its accurate information they have—they are part of the filter that the political parties use. The person who gets the scoop is a “dem” or “rep” strategists who automatically spin the scoop to fit their own ideological agenda.

    And that is the reason why these (mainly) 24/7 cable news programs are hurting us.

  44. I actually like Rick Santelli out of all the commentators CNBC has on it’s show is the most knowledgeable on the show. Cramer is certainly entertaining too, whether he is accurate is another question. The thing you have to remember is that shortly before (actually the Thursday before) the astonishing Bear Stearns collapse the vp Alan Schwartz was doing the TV interview circuit saying blah blah blah everything is fine at Bear Stearns and there was no liquidity issues whatsoever (which we now know was a bald faced lie). Then Cramer, (who will not admit to it now) merely parroted someone he trusted and he made an off the cuff impulsive response to a caller that later would prove inaccurate.

    The fact is that the entirety of the American people have been lied to by people who supposedly were being payed millions to be knowledgeable about their business. Not once, but multiple times.

    Bill Moyers had a show specifically dealing with egregious CEO compensation in 2007. At the time, I myself did not see a direct link to the overpaid CEO’s behavior and my life. Now I do as I am sure others are also waking up to this..

    The CNBC personalities simply represent the views of their staunch pro business republican viewership, just as Jon Stewart represents his more liberal audience.

    We should not point fingers in the wrong direction in the fog of financial war here and ultimately remember who is at fault. That would be those who outright lied and cheated for personal gain, the regulators/rating agencies that went along because of conflicts of interest, and commercial entities that are “too big to be allowed to fail.” And I would throw a strong mix of lobbyists and congressman into that pile as well.

    Certainly not point fingers at TV entertainers (no matter who they are) who unwittingly bought some of the stories/lies like the rest of us did.

    Also, Dylan Ratigan (along with the siren Maria Bartiromo) of cnbc’s Fast Money *has* been calling out some of the same people/companies Jon Stewart has. So they are not all bad apples.

    So basically you’re saying that nobody has any personal responsibility for their actions as public personas?

    If there is one thing anyone takes away from this recession/depression we’re in is you must take personal responsibility. On all levels.

    I have no respect for financial reporters. Never met one that wasn’t connected to what they said or didn’t say, and even the “nicest” of the crowd are just self-centered a-holes who could care less.

    I find them to be worse than any other journalist out there. Even the biggest airhead personality on a TV show… They’re not as bad as those guys.

    Kudos to Jon Stewart for doing what The Daily Show does best. Now just keep on doing that and cut with the empty smarmy pseudo-jokes they’ve been lulling into.

  46. Scarborough utterly fails even at making indignant speeches! It looks like the others in the studio almost dies from boredom.

    Cramer/Scarborough totally miss the point: Stewarts main point was not that they made mistakes but the sheer HYPOCRISY of CNBC: they BOTH now let that freak guys rant about the losers suit themselves AND have a systematic recent history of advicing the country and its viewers into the hole.

    And re “truth to power”: I’m sure Stewart will consistently bash any president that leads the US into war on false grounds, disables basic tenets of democracy and allows torture. Just like folks like Scarborough will always cheer on such things or at least pretent like it didn’t happen.

  47. #60 posted by Jack

    So basically you’re saying that nobody has any personal responsibility for their actions as public personas?

    Read my post again. What I am primarily saying is they are not the ones responsible for the current financial mess, and spending undue criticism om them detracts from those that really are.

    Frankly, I do not see why you are limiting yourself to just financial reporters. You and I depart here because they are not the worst of what is on the airwaves. I’m sure that whatever your party affiliation is you will find a so called journalist to tickle your ear. And concerning one kind of journalist being better than another one, I do know that they all tend to have egos as big as the universe itself. Jon Stewart included.

    And so much as accepting personal responsibility goes, that noble concept doesn’t seem popular with anybody these days, let alone TV personalities.

  48. As far as Joe Scarborough’s comments defending Jim Cramer go, it should be pointed out that since MSNBC often has fellow pseudo-pundits from CNBC on, he probably felt he had to “defend” Cramer. Also, Scarborough was a four-time conservative Republican congressman from the 1st district of Florida, so naturally he felt compelled, for fraternal and political reasons, to try to put the liberal Stewart down. Scarborough’s an ineffective blowhard.

  49. Jon stewart Just uses his 6th sense that is common sense sadly most of america does not use thier common sense dont belive what u see on TV dont believe your Govt.

  50. hahaha
    comedy becomes so much funnier when most people take it seriously.
    there is a word for it, but it escapes me now…

  51. Those clips made my morning. I also checked out Stewart’s awesome appearance on CROSSFIRE, which seemed to spiral out of a similar case of oversensitive TV presenters.

    To be honest, while Cramer annoys the hell out of me (love the pisstakes of Cramer on Arrested Development), he wasn’t nearly as fervent in his attacks on Stewart as Scarborough. In fact, he was practically defending him by the end, and looked pretty embarrassed by Scarborough’s behaviour.

    I would say that Stewart’s chagrin over the misleading reporting from CNBC seems to be linked to his general intolerance of shoddy news media, and I’m inclined to agree with him. The lack of in-depth, detailed, responsible reporting in US TV media is pretty appalling, especially when you consider how many people rely on it for their information about the world.

    Otherwise, what a pointless little hubbub about nothing.

  52. First I think Stewart is again taking a stand here. He clearly finds it ridiculous that the guys from CNBC are dissing out against homeowners.

    The guys at NBC are clearly pissed because the ugly truth about their “guessing games” are put into the public’s view. I have worked in trading for sometime and I do know that no expert has made a hundred percent prediction on where the market will go. That means that the guys in CNBC clearly have had their fair share of correct and wrong recommendations.

    I think Stewart’s point is that, people should not look at these “experts” as infallible resources on how they should manage their assets. In effect I think he is teaching the public that trusting people on TV with your hard earned goods is just not wise. Even if they claim to be the “only resource you need”.

  53. The lady in the blue doesn’t JUST look bored — she leans away from and avoids looking at Scarborough — her body language says “shutUP you ignorant asshole” nearly as loudly as her facial expression of “I can’t believe you just said that”.

    Got lucky enough to watch this on CNN Europe this past weekend, and nearly spilled my coffee laughing. No surprise that the weenieboys of CNBC have got their knickers in a twist, but it’s funny watching them prance around chanting “I know you are, but what am I?”

    Stewart is a master at calling bullshit on everyone who so richly has it coming.

  54. Stewart and the Daily Show team are not only comedians, but satirists. When you live in a world where talking about stark realities is taboo because the medium (and therefore, the message) is controlled by those who have invested interest in keeping people in the dark, the only way to approach these taboos is humor. Humor provides a safe release valve which allows us to learn something without it being obvious what we are doing. A good example are some of the jokes that circulated around the Soviet Union. The populace always knew there was something very wrong, but the only way to express this reality was to joke about it. Humor let people straight up say “Everything is wrong” without (always) being persecuted directly for it.

    In the end, people like Cramer and Santelli and Scarborough are just talking heads, whose advice is worth about less then their tanned hides. Stewart’s only advice is “look closely, cause there’s something funny going on.”

  55. Better yet, take this as a lesson everyone: If you agree to be on Jon’s show be there or there will be consequences… ;)

  56. MACBRAK – Well, Cramer is now scheduled to go on The Daily Show, so we’ll see what happens!

  57. You go on his show. You let him crack a few jokes at your expense. You laugh with him. You say everything is completely insane right now, and that your network as well as America was being lied to. Then you go home. How hard is that, really? CNBC could have easily gained back some respect and credibility in the eyes of a large group of people.

    Instead, they duck and whine at one of the most popular comedians in the nation. That’s putting a fire out with gasoline.

  58. Stewart’s criticism is dead on, and Scarborough’s is way off base.

    Stewart is calling out CNBC (not just Jim Cramer) for calling themselves “financial experts” when they were completely and demonstrably wrong about the Wall Street collapse.

    Cramer wants Stewart to talk about the intricacies of investment, which is a straw man- Stewart’s not claiming that he knows more than Cramer (and CNBC) about the stock market- he’s criticizing Cramer’s (and CNBC’s) competence.

    Scarborough is suggesting that Stewart isn’t criticizing Obama (which is false, as other commenters have pointed out), but Scarborough is missing the point. Wouldn’t Stewart be even more of a hypocrite if he criticized Obama’s policies when he agrees with them? Secondly, a large portion of Stewart’s show has been directed more at criticisms of media (especially Fox News) for being in bed with the Bush Administration- he was criticizing journalists for failing in their duty. He’s doing the same thing here. He’s criticizing the journalists at CNBC for failing in their duty to report on the true state of economic affairs.

  59. Dear “Morning Joe”,

    Here’s a little tip, a little warning, last time someone asked Jon to “come out and tell us what he believes in” their show was *canceled overnight* and they were *fired*.

    Just a heads up.

  60. 1). Comedy Central blocks their videos for Canadian users, redirecting them to the Comedy Network, Canada’s version of Comedy Central. It’s nice it works for people in the UK. It does not work in Canada. Period.

    2). The Comedy Network’s site does not work with Firefox and Linux. Full stop.

    So, I’m left with the impression that Comedy Central doesn’t really care about usability, doesn’t recognize and value my choice in operating systems, and is more concerned about from *where* I watch their content rather than the fact *I’m actually interested in watching it*.

    So now I’m not interested. Screw you, CC. And similar sentiments to your apologists. I won’t be getting cable in my next house, you can keep your dodgy, technically inept Canadian partners, and I’d be really interested in seeing a segment on the Daily Show or the Colbert Report where someone using Linux outside of the US tries to navigate your site.

    That’ll be comedy. Tragic theater of the absurd, and I will delight in the schadenfreude.

  61. I’ll tell you what you won’t see on youtube – a reporter asking Joe Scarborough to explain the dead intern found in his congressional office.

  62. whose tucker carlson again? I mean, I remember the reaming Stewart gave him, I just don’t remember how he even managed to get into position for it (ie-what was his show)? Isn’t he still around or am I thinking of some other smarmy fuck with his hair parted on the right side? Is he the dude whose dad is a US Rep with the crazy walking cane collection?

    btw-Obama is as fair of a game to Stewart as anybody else, per a show earlier this week.

  63. Over the past few years, anyone taking the financial advice of Jim Cramer has lost money, not made it. This is nothing new, and earth-shaking, the guy is playing a guessing game based on “gut-feelings.” People who listen to him are idiots, and Jon Stewart is right to point it out.

    Certainly, the evidence is out there that paints Jim Cramer as a criminal who has been manipulating the markets and trading on inside information. IF true, the guy should go to jail.

    Interestingly enough, I heard that Jim Cramer is going to be a guest on the Daily Show on Thursday. Let’s see how far he gets when confronted by Stewart, who will happily cut Cramer’s legs out from under him.

  64. I first saw this being recapped last night on The Countdown (Keith Oberman’s show, though he had a stand in yesterday). To be fair, I think not ALL of NBC is whimpering. In fact the Today Show and MSNBC seemed to be reveling in Cramer’s very public facepalming.

    In other news, clip reviewers (interns?) from the Daily Show must be in line for some sort of CIA work after this!

  65. actually hphovercraft, in theory homeowners do have lobbyists. They’re called the house of representatives. Unfortunately their number is capped at 235, making them just a second senate instead of the populist fresh-idea machine they’re supposed to be.

    Actually, capped at 435 since 1911. Does that make them more populist?

  66. HAAKONIV –

    good point, I was off by 200 (and I honestly appreciate your catching that). But no, I think my point stands. The House should always be more populist than the Senate, as failed ideas can be flushed out after 2 years. The original idea was to have 1 US Rep per about 50K people. Some US reps currently represent 10x as many citizens as other Reps do, and so we have two senates.

  67. @#81 posted by mneptok;

    2). The Comedy Network’s site does not work with Firefox and Linux. Full stop.

    I am runnning Iceweasel (a Firefox derivative) on an old version of Zenwalk Linux and had no problem watching the latest Daily Show on Comedy Central’s website. Whether you can access it from Canada is another thing entirely. In fact, it was remarkably good considering how buggy Iceweasel can be. Many website’s video players are getting better with improvements in and increased adoption of Flash.

    I suggest investigating a sekrit proxy to access from Canada.

  68. I love the allegations of John Stewart’s ‘bias.’

    Yes, he can tell the difference between a president hated by even his own party (for fiscal irresponsibility, anyway) and a president who is at least making considerably fewer mistakes.

    I think that kind of bias is pretty admirable.

  69. Woooooah, hold the fucking phones. Jon Stewart is a comedian?! I mean, to anyone who has ever watched Stewart’s show it’s quite obvious, but i guess it’s news to these guys. Scarborough, and to a lesser extent Crammer, seem utterly flabbergasted that a comedy program may take clips out of context in order to produce a humorous effect. I just want to punch Scarborough in the face and put a cork in Crammer’s mouth.

  70. All of the comments above seem to be under the mistaken impression that there is something illegal about watching streaming video. In most of the countries I am aware of, there are two primary copyright issues related to viewing, copying and public performance. You aren’t copying anything by watching a clip. And, you are probably not publicly performing the clip if you are listening on headphones. There is nothing illegal about posting or embedding ANY video streaming site, so this is not a debate about legal/illegal it’s more about convenience or the awareness of US viewers about which sites are US-only or protected by DRM.

  71. There’s a lecturer here (lives <100m from my office) who wrote a book about getting rich by investing in the stock market. It came out shortly before the "problem" first appeared. Just long enough that there was enough time for him to sell his book to his neighbours, friends and relatives; and convinced them all to buy shares in the stock market. Enough time for all of them to lose lots of money, but not enough time for any of the to realize any profit. Just extremely bad timing on his part.

    When the stock market fell, many of them "visited" him at home. After a week of these "visits", he went on "extended vacation", supposedly out of the country. He still hasn't came back.

    But over there on TV-land, Cramer is saying "it's not my fault the stock market crashed. Who could have known it was going to get so bad". That coming from a guy who's show's sole purpose is to speculate on the future share prices for it's viewers.

  72. John Stewart is SO good at this type of sarcastic skewering. The whole time I was watching the Daily Show clip, I was either in stiches or on the edge of my seat thinking, “YOU GO, JOHN!” The whining of these idiots who so readily provided the comedy gold? Almost as funny as Stewart’s rant!

    How many times did Cramer say, “He’s a comedian!” Well then CRAMER, why then are you SO PISSED?

    And Joe Scarborough, Stewart regularly pokes fun at Obama, but you see Joe, Obama just hasn’t provided the sheer ineptitude and epic blundering that bush did, so you will have to be patient, ok?

    And to all of the whiners, listen carefully;
    when publicly you say stupid things including half-assed predictions, expect to be CALLED on it PUBLICLY, and expect to be EMBARASSED. (It’s called accountability).

    If you can’t stand the heat, stay out of the kitchen!

  73. I say pirate everything you can …

    Until places like comedy central “get it” then screw them …

    Im in Canada and im tired of hulu and region specific videos, I shouldnt have to install a proxy to get access (im on ubuntu so hotspot shield doesnt work) …

    When I get a one video that blocks me I download 3 movies, F the american style market out there …

  74. Cramer explains how he manipulates the market and how it’s OK because the SEC doesn’t understand what he’s doing.

  75. Haha this is awesome. Ive been critical of cnbc for quite a while and Im happy to see the pimping that Jon gave these so called “analysts”. Their behavior is no different then the real estate agents who 4 years ago told me to buy! buy! buy! because the housing market was only expected to go up! *rolls eyes*

    F’ em all.

  76. Cramer’s body language just screams ‘victim’. When he was on Colbert, he seemed to be having fun. Suddenly Jon Stewart points the comedy target at him, and suddenly he’s acting wronged, wounded, and wanting his (bigger) buddies to go make Stewart eat yellow snow.

    Makes you wonder if this is Cramer being upset, or CNBC telling he has to act upset.

  77. #88
    I live in Canada and watch Daily Show and Colbert at comedycentral.ca or ctv.ca via Safari AND Firefox. Works perfectly with either. Is it your ISPs?

  78. i’m running linux, in the U.S., and i can’t watch this either … says “you need the new flash player” and tells me to download the windows version, which of course won’t work

  79. I’m running Lynx on a series on tin cans stuck together with earwax sitting on a VAX server, and a dialog box keeps popping up telling me they tailored their website to suit 99.999% of current browser platform combinations, and mine isn’t supported!

  80. my ti-99 is for shit with video. gawddamnit anyhow. fricken membrane keyboard. can’t anyone invent a better computer? Sumbitch!

  81. These guys always defend their own. What irritates most is the confusion of satire with comedy…punch, jab, upper-cut, as opposed to nod nod, wink wink.

  82. What, no mention of Keith Olberman, the $7M/year talking head calling for salary caps of executives at firms that receive bail-out funds/loans, like General Electric Credit, an arm of GE, owners of all things *NBC?

    Saturday Night Live made fun of him, and he consdiered it “An Honor” – such a tool…

  83. @115 Timothy Hutton

    If you have a problem with Keith Olberman, cool thats your thing but (at least for my sake) you could do a better job of explaining how he warrants a mention in this thread. And being poked fun at by SNL is an honor at least in the sense of cultural relevance, they don’t mock you or me because we don’t matter enough – realizing this is a point in his favor for having a sense of humor about being mocked, imo

  84. #62–then what do YOU call news?

    Ideally, as I see it, it’s ‘This is what happened’—or better yet, ‘This is what REALLY happened’

    By that definition, Jon Stewart’s doing a DAMN fine job.

  85. @Enormo (#15)

    It might be a little late, but this got accepted by urban dictionary as a definition of pundit. I got the email confirmation a bit ago. It should show up soon:

    A pundit is a comedian who sucks at making people laugh.

    As stated by Enormo from http://www.boingboing.net/2009/03/10/nbc-stars-whimper-ab.html#comment-435381 which is in regards to Jon Stewart versus NBC’s Jim Cramer and Joe Scarborough on stock losses:

    “Scarborough is a pundit. A pundit is a comedian who sucks at making people laugh.”
    by badmonkey0001-for-Enormo on Mar 10, 2009

    tags: talking head, analyst, expert, television peronality, journalist

  86. People laughing at Stewart is a “Pavlovian response”. Oh yeah?

    So, then, what’s the psychobabble for farting at Scarborough?

  87. The Lizardman said:

    If you have a problem with Keith Olberman, cool thats your thing but (at least for my sake) you could do a better job of explaining how he warrants a mention in this thread.

    Fair enough, I was rushed and probably should have explained better.

    Mr. Olberman works at MSNBC, which is related to the CNBC folks Mr. Stewart mocked through a parent company GE, which also owns GE Credit, which got $141B in bail-out loans.

    I then went on to hint at his one-man campaign regarding salary caps for executives at bailed-out firms, while his own salary (at a bail-out related company) far exceeds the cap he champions (his $7M/year vs. his bail-out cap of $500K/year).

    Thanks for catching that Lizardman.

  88. @#84 Gutierrez

    “You go on his show. You let him crack a few jokes at your expense. You laugh with him. You say everything is completely insane right now, and that your network as well as America was being lied to. Then you go home. How hard is that, really? CNBC could have easily gained back some respect and credibility in the eyes of a large group of people. Instead, they duck and whine at one of the most popular comedians in the nation. That’s putting a fire out with gasoline.”

    well, when face to face with his enemies Jon tries not to be an ACTUAL asshole so instead he brings up the important points in a softball weasely way. It will play out like the first part of what you said tonight. This coming from a staunch supporter of Jon who thinks he is 99% of the time right. Trust me, you’ll see Cramer will say ‘it wasn’t me specifically it was the whole system’, Jon will say ‘the whole system sucks in a general’, not cramer-specific way, and Cramer will be polite but refuse to commit to the fact Scarbourgh is a fuckin jackass. the end.

    @#113 GregLondon

    “my ti-99 is for shit with video. gawddamnit anyhow. fricken membrane keyboard. can’t anyone invent a better computer? Sumbitch!”

    your prob is you didn’t upgrade to a Ti-994A.. I hear some Linux fanboys ported flash to it, although I could be wrong. ;)

    although I HAVE really watched mpeg2 video on a 286 using ascii..

    I see Stewart ATTACK OBAMA OFTEN geeeez nbc!

    and since the stock market works like flying in peter pan, Cramer couldn’t say bear sterns was going to tank cause that would make it tank.. its like the evil creature that needs your faith in it before it can attack you but how can you not believe in it when your eyes see it. Only this is the exact opposite as soon as you think one miniscule thought maybe its all a lie, then the run on the bank begins.

    a friggin yo-yo that yanks the world around on a string.

  89. @121

    I figured that was your basic point but I’m still not seeing it because there appears to me to be a a clear difference between Oberman and what is/was done by CNBC correspondents here.

    Just because Oberman’s company got bailout money doesn’t mean he can’t make a point about limiting execs salary even if he would make more than them if they were capped. The point of capping execs (the ones responsible for running the companies into losses) salaries is valid (or invalid) regardless of who makes it. Sure, you can have a potential hypocrisy beef with Olberman over his being the one to make it but that isn’t relevant to Stewart v CNBC (Cramer). The issue there isn’t so much hypocrisy as it is a claim of knowledge and prediction that falls incredibly short without any mea culpa. Cramer is prognasticating and advising whereas Olberman is reporting and punditing

  90. HOLY FUCK Stewart didn’t softball it like I thought he might have, and I find that probably was because it wasn’t some giant it was just another shlub like Cramer.

    I actually teared up ’cause its nice to see truth and people held responsible – BUT

    Cramer isn’t totaly bad since I mean common he had a meltdown over the idea that people were going to loose their houses in this situation.

    but like assholes often say..

    ‘don’t blame the player, blame the game’

    Jon Stewart just tore the player AND the game a new one.

    Cramer: CEOs lied to me
    Stewart: Don’t take CEOs at face value
    Cramer: ok

    Cramer is a nice guy who reconciled himself playing a game that would have existed without him either way. He seems to be tearing up on The Daily show. The wife thinks he’s doing the press tour cause he’s looking to get out of the biz and become a real reporter.. get a real job as it were.

  91. Rush Limbaugh = Jon Stewart

    At least in the sense that masses of people take every single word that comes out of their mouths as absolute, pristine gospel.

    The fanboy fanaticism on display after Stewart ‘crucified’ Cramer is actually more funny than anything that’s ever been on the show.

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