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[Pen-l] Stewart hammers Cramer on `The Daily Show'
- To: pen-l@xxxxxxxxxxxxxxxxxx, a-list@xxxxxxxxxxxxxxxxxxx
- Subject: [Pen-l] Stewart hammers Cramer on `The Daily Show'
- From: Charles Brown <cdb1003@xxxxxxxxxxx>
- Date: Fri, 13 Mar 2009 07:51:58 -0700 (PDT)
- Cc:
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Stewart hammers Cramer on `The Daily Show'
By JAKE COYLE
AP Entertainment Writer
AP Photo/Jason DeCrow
Stewart hammers Cramer on `The Daily Show'
NEW YORK (AP) -- Jon Stewart hammered Jim Cramer and
his network, CNBC, in their anticipated face-off on "The Daily
Show," repeatedly chastising the "Mad Money" host for putting
entertainment above journalism.
"I understand that you want to make finance entertaining, but
it's not a ... game," Stewart told Cramer, adding in an expletive during
the show's Thursday taping. The episode was scheduled to air at 11 p.m. EDT on Comedy Central.
It was perhaps the hardest lashing Stewart has given to a
TV commentator since 2004 when he called Tucker Carlson
and his then co-host Paul Begala "partisan hacks" on CNN's "Crossfire," the since canceled political commentary program.
The program opened in mock hype of the confrontation,
which caught headlines through the week as each snipped
at the other over the air. The show announced it as "the
weeklong feud of the century."
In his opening, Stewart announced that it was "go time."
He played a video clip of Cramer's Thursday guest appearance
on "The Martha Stewart Show" in which Cramer beat a mound
of dough, pretending it was Stewart.
Said Stewart: "Mr. Cramer, don't you destroy enough dough
on your own show?"
Once Cramer came out for the interview, Stewart wondered:
"How the hell did we get here?"
Cramer, his sleeves characteristically rolled up, said
he was a "fan of the show."
But the humorous tone - at least for Stewart - changed
as the interview continued.
Stewart repeatedly said Cramer wasn't his target, but
aired clip after clip of the CNBC pundit.
"Roll 210!" announced Stewart, like a prosecutor. "Roll 212!"
Most were from a 2006 interview not meant for TV in which
Cramer spoke openly about the duplicity of the market.
"I can't reconcile the brilliance and knowledge that you have of
the intricacies of the market with the crazy ... I see you do
every night," said the comedian.
Stewart said he and Cramer are both snake-oil salesman,
only "The Daily Show" is labeled as such. He claimed CNBC
shirked its journalistic duty by believing corporate lies,
rather than being an investigative "powerful tool of illumination."
And he alleged CNBC was ultimately in bed with the businesses
it covered - that regular people's stocks and 401Ks were
"capitalizing your adventure."
For his part, Cramer disagreed with Stewart on a few points,
but mostly acknowledged that he could have done a better
job foreseeing the economic collapse: "We all should have seen it more."
Cramer said CNBC was "fair game" to the criticism and
acknowledged the network was perhaps overeager to believe
the information it was fed from corporations.
"I, too, like you, want to have a successful show," said Cramer,
defending his methods on "Mad Money." He later added:
"Should we have been constantly pointing out the mistakes
that were made? Absolutely. I truly wish we had done more."
Cramer insisted he was devoted to revealing corporate
"shenanigans," to which Stewart retorted: "It's easy to get
on this after the fact."
At one point, Cramer sounded the reformed sinner, responding
to Stewart's plea for more levelheaded, honest commentary:
"How about I try that?" said Cramer. "I'll do that."
By the end, the two-segment interview went far beyond its
allotted time. Comedy Central said the on-air version would
be cut by about eight minutes, though the entire interview would
be available unedited on ComedyCentral.com on Friday.
---
On the Net:
http://www.thedailyshow.com/
http://www.cnbc.com/
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.
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- Thread context:
- Re: [Pen-l] Query: Credit default swaps: what stops a "run on the bank"?, (continued)
- [Pen-l] The US Financial System is Effectively Insolvent,
Charles Brown Fri 13 Mar 2009, 16:42 GMT
- [Pen-l] As capitalism stares into the abyss, was Marx right all along? ( Yes),
Charles Brown Fri 13 Mar 2009, 16:11 GMT
- [Pen-l] Commentary: Chrysler secrecy is a big stick,
Charles Brown Fri 13 Mar 2009, 14:54 GMT
- [Pen-l] Stewart hammers Cramer on `The Daily Show',
Charles Brown Fri 13 Mar 2009, 14:22 GMT
- Re: [Pen-l] What is the Crisis About? Fictitious Capital or the Destruction ...,
Waistline2 Fri 13 Mar 2009, 01:18 GMT
- [Pen-l] Greenspan gives himself high grades as a central banker,
raghu Thu 12 Mar 2009, 20:19 GMT
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