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  • Stock Marke...: 
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  • StockMarketSage.com
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  Cramer played the backpedal role for all his talking leading up to the show. He agreed with almost all of Stewart's attacks, didn't give much of rebuttal on Stewart's attacks. As the AP article said, if it was a prize fight, they would have stopped in the 3rd round..

  Mar 14 08:53 PM | Link | Reply
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  • T_: 
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  Cramer deserves criticism but Stewart displayed his superficial knowledge of the situation. Nobody "knew" for certain that we were headed for financial disaster (the system is far too big) - surely not CNBC. It's always easier to see in a rear view mirror. Why doesn't Stewart put the screws to the high ranking Democrats who sat on the financial committees? Now that would be entertaining!

  Mar 14 09:07 PM | Link | Reply
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  • Ad Orientem: 
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  I find it odd that the White House is so hostile to Cramer. He did everything but wear an Obama campaign button most of last year. He was one of the most vocal critics of the Bush Administration on CNBC.

  Mar 14 09:12 PM | Link | Reply
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  • Yamaka: 
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  Stewart thinks too much of CNBC: he thinks CNBC could have stopped the financial meltdown!
  
  Cramer made a few good calls, and some very bad calls. That's what happens about the future. No body knows for sure what will happen tomorrow or in a week or a year.
  
  No body knew..Greenspan, Buffet and most other CEOs knew of what was coming. No body thought Lehman will disappear. Most got a curveball from the left field.
  
  No body thought Madoff was possible!
  
  Hindsight is clear 20/20, Foresight is always very very cloudy. That's the nature of the beast.
  
  Stewart is just a comedian...What the hell he knows?

  Mar 14 10:16 PM | Link | Reply
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  • H.J. Huneycutt: 
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  • The Upward Society: Laying the Foundations for a Post-Oil Age Economy
  I enjoy watching the Daily Show and it's good satire, but I agree with the commenter above that Stewart displayed his own superficial knowledge of the situation. I was rather disappointed with Stewart's tactics as well as they were more reminiscent of all these smear-happy right-wing radio jocks. Stewart would never even give Cramer a legitimate chance to respond and he kept playing a single video of Cramer to villify him, while providing absolutely no context.
  
  Overall, I agree with Stewart's basic criticism of CNBC ('it's an infomercial for the financial services industry') and I'm not really a fan of Cramer's ridiculous show, but Stewart was being equally simplistic in his analysis.
  
  I also find myself disappointed with (but not surprised by) the media's desire to find scapegoats. Cramer is a convenient one, but the problem is an entire culture. It's not "Wall Street versus Main Street" or any garbage like that --- "Wall Street" and "Main Street" were equally greedy and deluded. I do not feel pity for all these people who took out mortgages, bought cars and houses they couldn't afford, maxed out their credit cards, etc. Now, the people that did this want to righteously point the finger at some Wall Street scapegoats rather than acknowledging their own failure.

  Mar 14 10:23 PM | Link | Reply
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  • bick2: 
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  Cramer has been extremely critical of Obama over the past couple of months, including referring to him as a neo-Marxist, a Lenninist and a Bolshevik.
  
  He's also called the Democratic administration the Politburo, and referred to Pelosi as the General Secretary of the Communist Party.
  
  He also made the comment "Bolsheviks stormed the Winter Palace -- Obama got elected.
  
  No wonder the White House is hostile.
  
  On Mar 14 09:12 PM Ad Orientem wrote:
  
  > I find it odd that the White House is so hostile to Cramer. He did
  > everything but wear an Obama campaign button most of last year.
  > He was one of the most vocal critics of the Bush Administration on
  > CNBC.

  Mar 14 10:27 PM | Link | Reply
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  • dondon: 
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  The fact that Gibbs is commenting on this episode and singling out Cramer for ridicule shows that this administration is about the politics of personal destruction when it comes to its critics. It is a scary thought that if you disagree with the president you will come under intense scrutiny. In the USSR these people eventually vanished to the gulags. When you read that Obama's Wikipedia page is scrubbed daily to eliminate anything detracting you have to wonder how far from being like the USSR we truly are.

  Mar 14 10:53 PM | Link | Reply
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  • Alex Filonov: 
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  • Muddling Investor
  Cramer made a great self-promotional move on Thursday. It doesn't matter that all mainstream media declared him a loser against Stewart. What does matter is that all mainstream media is talking about him for two days in a row. There is not such thing as bad publicity.
  
  Administration makes a huge mistake. Attacking any journalist is a big mistake for administration, attacking Jim when economy is not in a best shape, to say the least, is a very bad publicity. Sure, administration inherited this economy, but in a year public will forget about it. But if economy is not in better shape in a year from now, public will put full responsibility on current administration, doesn't matter if it's not fair. And any attack on any media person would work against administration in such case. And of course, administration is yet to prove that it's US administration, not administration of democratic half of the country. This attack doesn't help here either.

  Mar 14 11:29 PM | Link | Reply
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  • Mr. Ed, Jr.: 
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  "I enjoyed it thoroughly... and I am not surprised that the video of Mr. Cramer's appearance doesn't appear on CNBC's web site today."
  
  So sayeth the White House press secretary, Gibbs.
  
  Does this press secretary-- and by extension, the Obama administration-- have nothing better to do ?
  
  Why is this fool carrying on in this manner with private citizens ? Cramer, Santelli, Limbaugh....None of them, regardless of what they say, should be engaged by the White House. They have expressed opinions-- nothing more.
  
  Is Gibbs unable to distinguish between a reporter and a guy who has a TV show about stocks ?
  
  Will there now be part of the daily briefing devoted to trashing the opinions of private citizens, with Gibbs describing his emotional satisfaction should they be ridiculed by someone else in the media?
  
  The appropriate response, if asked about their comments, is "Mr. XXX is a private citizen who, like all Americans, is entitled to express his opinion. Respectfully, I decline comment".
  
  I am appalled by this. The world is watching our White House take pleasure in a citizen's "takedown" on a TV show.
  
  Mr. Gibbs does not seem to have the good judgement needed to be White House press secretary.
  
  
  
  
  
  

  Mar 15 01:25 AM | Link | Reply
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  • Slimsum: 
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  Cramer is just a comedian also. So whats the big deal? And, except for Rick Santelli, nobody on CNBC (the talking heads) have any idea whats going on either. If they did they would be rich and not have to work as actors.

  Mar 15 06:34 AM | Link | Reply