Friday, March 13, 2009
Hurrah for Jon Stewart! Cramer finally gets dressed down for stunts, bad financial advice
It took Jon Stewart to do it, but someone finally put CNBC's silly entertainer Jim Cramer in his place. Now, this dressing down is becoming a celebrated clip on TV news and YouTube.
CNBC has been spreading Cramer all over its network lately like smelly manure, even though he gave incredibly bad financial advice about people investing in a friend's company during his Mad Money show last year. And Washington Mutual later went belly up and had to bailed out. Pity the stockholders.
I really don't know how someone can be allowed back on the network after that. Viewers lost money. They watch CNBC to make money.
But Cramer has now been unleashed even further. I think he was right on the White House having a Nixon-like enemies list. But if Cramer is on it, then that's actually good for the American people.
Stewart rightly pointed out that he and Cramer are both snake oil salesmen on television. But the Daily Show makes that truth clear. Cramer does not. Stewart told Cramer he should rely on more reporting and less theatrics.
Ouch! Wow! Right on! Kaboom!
Big Bad Jon took on the Cramer monster and slew it before a national audience. Hopefully, it won't have a second life.
And it's past time to bring Big Bad Jon to network television in prime time to slay some more monsters whose celebrity serves only themselves.