Jim Cramer shows up on the Daily Show.
March 13, 2009 by Dusty
The entire interview can be seen in three parts here. Jon Stewart, as far as I am concerned,was as serious as a heart attack and was a true journalist last night during his interview with Jim Cramer from CNBC. He pointed out time and time again last night, that CNBC is nothing more than a shill for Wall Street and the financial industry, they never do anything negative about the industry or any investigative pieces on the industry. Cramer was apologetic at best and a whiner at worst. Quite a bit of the interview was left on the cutting room floor due to time constraints. But the link above will show you the entire interview uncut. Check out part one and two below.
Jon Stewart said last night, and I believe it to be true…that there are two stock markets…the real one that is dangerous, volatile and basically legalized gambling.. and the one shown us on networks like CNBC, who shamelessly represent only the interests of Wall Street.
Sphere: Related ContentRelated posts:
- Jon Stewart: You can’t spell Gold without God. Jon Stewart slaps Glenn Beck around a bit. It’s hilarious...
- Jon Stewart slaps Faux News around.. He dissects the Faux News wingnuts over their response to...
- Glenn Beck losing advertisers by the bundle. From Market Watch, which btw, is owned by Rupert Murdoch:...
- Jon Stewart takes on the Queen of the ‘Deather’s’. This broad is out of her friggin mind. No wonder...
- KO’ Special Comment This is a great Special Comment. It’s long,but aren’t they...











[...] _links a:hover{color:#67bee2;text-decoration:underline;}The Daily Show With Jon StewartM – Th 11p Jim Cramer shows up on the Daily Show. – sirenschronicles.com 03/13/2009 The entire interview can be seen in three parts here . Jon [...]
Jon Stewart’s comments and conduct last night were right on the mark. Somehow through the transition from print, and traditional broadcast radio and television to first cable networks and then the Internet, those responsible for managing the reporting and distribution of “news” have lost sight of traditional journalistic values. The “new media” companies are not “entertainment” companies, nor are they journalism companies, the exist solely as a mechanism to sell “stuff”, whether hard goods, or some marketer’s idea of consumer values.
There is real danger when the press fails at carrying out responsible journalism, just consider the assassination squads operating under the direction of a psychopathic personality sitting in the office of the vice president of the United States as I noted in my post titled “The Chief Executive Assassin” on these pages.
Our contemporary journalism schools need to be teaching “Daily Show 101″.
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
Ron, thanks for your pov on this issue.
I do think the primary job of a financial network would be to educate and expose the viewers to various things….like how to spot a ponzi scheme, lying bankers and perhaps the downside of this legalized gambling known as the stock market.
Dusty´s last blog post..Introducing Spanky!
For the past ten years, or whenever Cramer first crawled out from under a rock, I’ve turned the channel as fast as possible when he comes on to avoid his screaming inanity.
Did I miss anything?