Saturday, March 14, 2009

Jon Stewart is a coward

Jon Stewart is being hailed as a hero by the Main Stream media for sucker punching CNBC's Jim Cramer. He's not a hero, he's a coward.

Jon Stewart is a comedian whose comic genius lies in having a dozen writers find out of context clips of politicians (nearly all Republicans) allowing him to make a childish face afterwards to remind the viewers that what they just saw was funny (in case they didn't know). He does fawning interviews with Pro-Obama or Anti-Bush spin doctors and gotcha interviews with anybody on the other side. It is funny if you just can't get enough of - Bush is/was an idiot, mockery. I laugh sometimes. Mostly though, it's tiresome and getting more tiresome each night.

Because ratings are falling, Stewart's latest scheme is to blame CNBC, and primarily Cramer, for the demise of the stock market. Stewart's own portfolio has probably taken a beating - you can hear it in his voice. But he won't say so. That might suggest he was as financially stupid and greedy as many of us were.

Stewart wants to come off as a hero here. How can you not? Big banks, Wall Street, and our own government oversight failed us - let me blame them publicly by picking on a finance entertainer.. booo...hisss. It is of course, cowardly.

Where are the tough interviews? Where are Alan Greenspan, Ben Bernanke, Franklin Raines, Barney Frank, Chris Dodd? Where's Maxine Waters? Where's the Democratic leadership of the House of Representatives and Senate who have controlled those bodies into their 3rd year? The recession started in December 2007! The Democrats controlled Congress and have chaired the Banking Committees, Finance Committes, Ways and Means, and have had majorities in all the finance oversight committees since the election of 2006!! Oh wait - they're all Democrats.

Envision me doing a snarky little frozen face with my index finger to my pursed lips saying " Oh that's right Jon - you don't do Democrats.."

Cowardly Jon Stewart. Always laying blame on the easy targets and letting the real crooks pass.

By the way Jon, if you really watched CNBC you'd find that for every bull marktet analyst - they bring on a bear market analyst. There has been plenty of doomsaying by their analysts over the years and while they can't reach out with a mallet and hit greedy idiots like you over the head every time they suggest wariness, they are indeed there. It's your choice not to pay attention.

Oh and CEOs might be telling lies or exaggerating? Enron, Jon,- please pull your head out of your ass.

Here's one for you. Buy low, sell high. Stock investing 101. If you don't do that, you're greedy and stupid.


Anonymous said...

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:


Ron with 30 plus years in the investment business and banking industry.

Anonymous said...

I agree with much of your criticism of Stewart -- he is predictably liberal and often takes quotes out of context so he can mock them. But I thought he was pretty justified and entertaining in confronting Cramer with clips of his having said in a closed meeting, as a then hedge fund manager, that it was OK to use dishonest PR to manipulate the stock market and boost the value of your holdings. Too-late, self-serving, yes, but it still added something to the public debate. And after all, Cramer didn't protest the questions or criticism as unfair.

Jack said...

1st anonymous person,

Thanks for the experience commentary. I'm checking out your facebook page.

2nd anonymous person,

You're right. He caught Cramer flatfooted for sure. And Cramer was contrite as he should have been.
My problem is that Cramer is just an entertainer and an easy target with over 5500 stock recommendations given over his tenure on the air. Pretty easy pickings.

I think Stewart's feigned indignance was a little much. Get indignant with officials who are paid to oversee these things!

Anonymous said...

I agree, he went for the easy target and still hasn't mocked the libs complicit in the collapse.

Kate said...

One thing we may not know is who the Daily Show contacts for interviews and who says yes. I'm quite sure Jon Stewart would love to have Barney Frank or Chris Dodd on his show, I just don't know that they'd say yes.

Jack said...


Fair enough.