Really, people. You have to watch this.

Here’s the second segment of Thursday night’s confrontation between Comedy Central’s Jon Stewart and CNBC’s Jim Cramer:

And here are the first and third segments.

Politically, the Stewart-Cramer confrontation is the most riveting thing on the Internet this morning.

Huffington Post gives the clash what in long-ago print we called a six-column, Jesus-comes-again headline: “Jon Stewart eviscerates Jim Cramer and CNBC.”

From Andrew Sullivan at The Atlantic:

“What Cramer walked into was an ambush of anger. He crumbled from the beginning. From then on, with the almost cruel broadcasting of his earlier glorifying of financial high-jinks, you almost had to look away.”

From the Swamp at Time magazine:

It was as if someone told Cramer his career hung on his appearing on the show and his being abjectly servile, and he believed it. Cramer not only delivered a mea culpa for making mistakes, he also allowed Stewart to use him as a punching bag. Or a scape goat for all Wall Street’s sins.

And from USA Today:

Stewart repeatedly blasted the channel for cheerleading Wall Street in the run-up to the worst economic downturn since the Great Depression. He questioned whether it was “selling snake oil as vitamin tonic” in a way that was “disingenuous at best and criminal at worse.”

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4 comments Add your comment

Will Jones

March 13th, 2009
10:58 am

A self-identified Whig, and a graduate of Thomas Jefferson’s alma mater, William and Mary, Jon Stewart knows what’s going on and showed the forcefulness and wisdom America has long missed in its leadership as he pulped Cramer. The Federal Reserve Bank is unconstitutional. Read the Constitution’s Article 1, Section 8 if you care to know what has been lost to allow a false-elite to debase our economy using fiat-money currency to profit itself at the expense of The People. Jefferson called it “the real Anti-Christ,” and he is right. Jeffersonian Exegesis http://theamericanfundament.blogspot.com

Copyleft

March 13th, 2009
2:16 pm

It’s funny and sad all at once to watch that video. Funny, because Stewart is usually funny and watching this disgraced market cheerleader get roasted is amusing.

But it’s also sad, because Stewart is right: this is what “journalists” are SUPPOSED to be doing! Not just cheerleading from the sidelines and dutifully passing along press releases… they’re supposed to be INVESTIGATING and WARNING the public when the market’s crashing, the wheels are coming off, and it’s time to bail.

It’s sad that we don’t have journalists any more–just stenographers.

Aaron Burr V. Mexico

March 13th, 2009
3:29 pm

Cheerleading from the sidelines? It is not fair to single out PMSNBC.

Copyleft

March 13th, 2009
4:26 pm

True, Fox “News” is the worst offender… but we’re seriously lacking in investigative journalism across the board.

I long for the days when the response to a press-release or briefing was “Say WHAT? You’re lying,” rather than dutiful scribbles and shouts of gratitude for the “access.”