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Showing posts with label Jim Cramer. Show all posts
Showing posts with label Jim Cramer. Show all posts
Wednesday, July 15, 2009
Jim Cramer Strikes Again
And again Jon Stewart is there to catch his sorry ass. This time promoting Lenny Dykstra.
Monday, March 23, 2009
Jon Stewart Is Smiling Right Now
MediaMatters has launched a new financial media watchdog site, "Financial Media Matters". Jim Cramer get used to the spotlight.
(h/t Greg Sargent)
(h/t Greg Sargent)
Thursday, March 19, 2009
I Guess He Just Can't Help Himself
Jim Cramer, let me be one of the first to inform you that this is not going to end well for you and your network.
I know I will have my popcorn ready tonight at 11pm EST.
I know I will have my popcorn ready tonight at 11pm EST.
Wednesday, March 18, 2009
Thomas Frank On Jon Stewart Vs Jim Cramer
Mr. Frank actually gets it.
snip
snip
I really believe that this is the reason why quite a few journalists tried to down play Jon Stewart's interview and or tried to discredit him as just being partisan. They feel threatened because Jon Stewart pulled back the drapes and exposed how "journalists" who get things totally wrong and totally misinform the people who follow them still get to keep their jobs and never change their modes of operation. The mainstream media keeps lamenting the death of the newspaper without ever taking a hard look at why they are dying. They always just want to blame the internet or the economy without ever examining the product itself. Until they actually do that it won't matter what model the print media tries to transition to. They will still fail because the American people are tired of getting half assed efforts from the people who are supposed to inform us.
"Listen, you knew what the banks were doing and yet were touting it for months and months," said "Daily Show" host Jon Stewart to CNBC superstar Jim Cramer in their much-discussed confrontation last week. "The entire network was, and so now to pretend that this was some sort of crazy, once-in-a-lifetime tsunami that nobody could have seen coming is disingenuous at best and criminal at worst."
The applause Mr. Stewart has received for his j'accuse is the sound of the old order cracking. We have turned on the financial CEOs, inducting them one by one into the Predator Hall of Fame. We have gone deaf to the seductive rhythms of the culture wars. We have tossed out the politicians whose antigovernment rhetoric seemed invincible for so long.
snip
But the larger problem won't go away. And it's not just a matter of people missing the biggest economic story of the last 20 years. It's a matter of those who minimized it and those who blew it off because it didn't fit their worldview continuing in their plum positions of authority. Mr. Stewart wasn't rude enough to ask it, but over all his inquiries there hung the obvious question: Why do you still have a job, Mr. Cramer?
If the world of financial infotainment can itself be described as a "market," it is a market where accountability does not seem to exist, where the heaviest of incentives seems to carry no weight, and where consumers, to judge by what they get, seem constantly to choose the lousy over the good. The old order discredits itself, but the old order persists nevertheless.
This needs to be repeated every time someone pleads, "Who could have known?" Plenty of people did see the disaster coming. Most of them were marginalized, however, laboring at out-of-the-way econ departments, blogs and B-list think tanks. They were excluded and even ridiculed because their larger understanding of the economy was not one that fit well with the sort of Wall Street worship preached by the likes of CNBC.
Nor is this a particularly liberal line of inquiry, despite Jon Stewart's well-known fondness for tormenting Republicans. It was a question that interested Milton Friedman, among others, who could be seen musing on the subject in a 1994 TV interview that C-Span chose to rebroadcast on Sunday.
snip
Friedman may have misread the direction in which the world was moving in 1994, but the question he raised is still a good one. Bad ideas and clueless pundits often do get on top, and they stay there -- sometimes hailing incentives and accountability, even -- despite all manner of rebukes handed down by history itself.
The reasons the financial-entertainment biz failed us are many and complex, but they ultimately come down to this: In the marketplace to describe the marketplace itself, there is precious little competition. There is a single, standard product that comes in packaging that is alternately sultry, energetic or fun -- bitter, brainy or Cramer "crazy" -- but which rarely strays beyond certain ideological boundaries. Adversarial voices are few. Criticism is sacrificed for access. Advice sometimes shades over into simple propaganda. Even the worst prognosticators sometimes go on to jobs with presidential campaigns or prominent think tanks.
I really believe that this is the reason why quite a few journalists tried to down play Jon Stewart's interview and or tried to discredit him as just being partisan. They feel threatened because Jon Stewart pulled back the drapes and exposed how "journalists" who get things totally wrong and totally misinform the people who follow them still get to keep their jobs and never change their modes of operation. The mainstream media keeps lamenting the death of the newspaper without ever taking a hard look at why they are dying. They always just want to blame the internet or the economy without ever examining the product itself. Until they actually do that it won't matter what model the print media tries to transition to. They will still fail because the American people are tired of getting half assed efforts from the people who are supposed to inform us.
Friday, March 13, 2009
Gag Order
No wonder why we haven't heard anything of substance about Stewart Vs Cramer on NBC or any of it's affiliated station cable stations today.
Curious
Is anybody else wondering why Jim Cramer didn't show up to "Douchborough's" show this morning?
Oh and someone better tell Rob Marciano that Jon Stewart doesn't have any problem with going after weathermen either.
Oh and someone better tell Rob Marciano that Jon Stewart doesn't have any problem with going after weathermen either.
Changing The Game
Some may wonder after what Jon Stewart did to Jim Cramer yesterday if we will see a change in journalism for the better. I know its a flight of fantasy that overnight these people will start to actually do their jobs, but Spencer Ackerman has a post up that I think might reveal the motivation for why they might step their games up.
Well at least we can dream right?
It's really not enough for journalists like me to applaud Stewart and then go back to collecting anonymous spin-quotes from officials. Much like how Stewart-the-non-financial-reporter considers Cramer's way of doing business to be malpractice, look at how Glenn Greenwald-the-non-political-reporter, responding to some good operational points raised by my friend Julian Sanchez, considers widespread journalistic habits to be malpractice. The internal professional standard for us -- and these are the things that really do light a fire -- in the wake of the Stewart interview should be, Do you want to get Jim Cramer'd, where all you have in the face of simple and commonsense criticism, is the abject plea that they lied to me or I tried. The uncomfortable truth is that a lot of the times you can't find out the truth. But that has to be thoroughly clear to your audience, or you're peddling Cramerism. /sermon.
Well at least we can dream right?
We've Got A Bleeder!
Last night Jim Cramer made the classic mistake of thinking Jon Stewart was just "some comedian". He didn't seem to understand that Stewart might be the best interviewer of our time. This was both painful and joyous to watch. I have put up the extended clips so we can all see the stuff that didn't make it on Tee Vee last night. David Gregory should take notes on how to actually conduct an interview. Warning for language but this is total unadulterated AWESOME SAUCE!
Cramer should be doing two things today. One he should be firing which ever publicist told him to go on the show acting all apologetic. Two he better find a good lawyer. I will bet there won't be another CNBC guy making any more rants any time soon. Notice that Rick Santelli is now MIA. Last night there was a lot of buzz about how personal it seemed for Jon Stewart. Well in the unedited final clip we finally see that his 75 year old mother lost a lot in the market because she listened to clowns like Jim Cramer. If there is anybody in America representing the common man it isn't Rick Santelli or Cramer. Its Jon Stewart and thats why smart people watch him and enjoy his show. Thats the REAL face of populous rage and Wall Street would do well to remember that.
Cramer should be doing two things today. One he should be firing which ever publicist told him to go on the show acting all apologetic. Two he better find a good lawyer. I will bet there won't be another CNBC guy making any more rants any time soon. Notice that Rick Santelli is now MIA. Last night there was a lot of buzz about how personal it seemed for Jon Stewart. Well in the unedited final clip we finally see that his 75 year old mother lost a lot in the market because she listened to clowns like Jim Cramer. If there is anybody in America representing the common man it isn't Rick Santelli or Cramer. Its Jon Stewart and thats why smart people watch him and enjoy his show. Thats the REAL face of populous rage and Wall Street would do well to remember that.
Thursday, March 12, 2009
Wednesday, March 11, 2009
Tuesday, March 10, 2009
Bia Biaaaaaaaaaaaa
After seeing Jim Cramer and Joe Scarborough whining this morning I think its time to introduce them to one of them Lil John CLASSICS!
When Keeping It Real Goes Wrong
When I saw Jim Cramer's op-ed yesterday some how I knew that Jon Stewart was going to get his ass again. And accordingly Stewart didn't dissappoint.
As a side note this morning Cramer appeared on "Morning Joe" today and Scarborough and he had a great little pity party about the White House "attacking" him. What WEAKSAUCE these guys are. You try to call out the White House on your cable news show and then when they respond to a question you run around with your tail between your legs. I wonder if anybody still believes in that loser.
As a side note this morning Cramer appeared on "Morning Joe" today and Scarborough and he had a great little pity party about the White House "attacking" him. What WEAKSAUCE these guys are. You try to call out the White House on your cable news show and then when they respond to a question you run around with your tail between your legs. I wonder if anybody still believes in that loser.
Thursday, March 5, 2009
On CNBC, Glass Houses, Torches And Pitchforks
So far two different CNBC financial anchors have gone after President Obama and his economic plans. I have to say that after watching The Daily Show last night I can only conclude that these folks didn't think these moves through. Rick Santelli and Jim Cramer made some of the worst recommendations and predictions in the financial world last year bar none and unfortunately for them there is plenty of tape of their shows to prove it. Now if left to the mainstream media to report on their EPIC FAILS from last year to all of their viewership I guess they probably would have gotten away with taking these pot shots at the White House. But thankfully we have Jon Stewart to stand up and report the news the way others won't. Now it appears that the rants by Santelli and Cramer were meant to gin up some populist rage. But its a funny thing about populist rage, its usually not all that precisely aimed and pretty easily be switched from one target to another without much effort. So you see CNBC folks, you should be careful about trying to get people to go grab their torches and pitchforks because when they are reminded about your complicity in their financial problems it might be YOUR door that they end up marching to.
Wednesday, March 4, 2009
Yeah, Lets All Listen To Cramer Now
I would say Jim Cramer should stick to his day job, but it appears that he sucks at that as well.
(h/t balloon-juice)
(h/t balloon-juice)
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