I've got no problem with the way Stewart loaded up the questions and then crushed the puny Cramer and his Mad Money. Stewart's show is what it is, primarily a comedy show with bits of news and current events tossed in to make it relevant. It's the SNL weekend update for thirty minutes every weeknight.
In fact, from what little bits of Cramer's show I've caught in the kitchen at the office, his show is rather like Stewart's: primarily schtick with a bit of finance and economics tossed into the mix. The big difference is that Cramer's is on a "real" network while Stewart's is on the Comedy Channel.
I can't listen to O'Reilly and Hannity for the exact reasons LJ listed. Well, I guess I should say I've almost never listened to their radio shows. I can't watch the televsion programs for the exact reasons LJ listed. I don't even mind them being incredibly one-sided...that is what they do. I loathe the technique LJ described and the shouting.
Showing posts with label Jim Cramer. Show all posts
Showing posts with label Jim Cramer. Show all posts
Monday, March 16, 2009
Friday, March 13, 2009
Cramer on The Daily Show
I've never watched CNBC, so I don't really have a sense of how fair Stewart's criticism is, though his central premise makes sense to me: that if CNBC shows were going to have interviews with CEOs, giving them a platform to spew lies, then they had a duty to either a) investigate and do some in-depth reporting or b) clearly present themselves as nothing but entertainment.
Stewart makes a couple other points worth making that don't have much of anything to do with CNBC (except to the extent they ought to have been a watchdog on behalf of average investors): 1) that publicly-traded corporations have lately been managed for short term gain, while average joe investors have been investing for the long term (based on the misunderstanding that corporations were managed for the long term) and that mismatch has robbed investors of their savings; and 2) there are two markets, one of hard-earned dollars by ordinary people on an ordinary scale being invested to own a piece of companies and a second that is a big game in which market players use the money of average investors in their betting games. (I could swear I posted my own made-up theory that was similar to #2, but I can't find it.)
The Daily Show has made the whole interview (much longer than what appeared on the show) available on its website, and available for embedding, so here you go:
Stewart makes a couple other points worth making that don't have much of anything to do with CNBC (except to the extent they ought to have been a watchdog on behalf of average investors): 1) that publicly-traded corporations have lately been managed for short term gain, while average joe investors have been investing for the long term (based on the misunderstanding that corporations were managed for the long term) and that mismatch has robbed investors of their savings; and 2) there are two markets, one of hard-earned dollars by ordinary people on an ordinary scale being invested to own a piece of companies and a second that is a big game in which market players use the money of average investors in their betting games. (I could swear I posted my own made-up theory that was similar to #2, but I can't find it.)
The Daily Show has made the whole interview (much longer than what appeared on the show) available on its website, and available for embedding, so here you go:
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