Bill Doskoch: Media, BPS*, Film, Minutiae

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Stewart vs. Cramer

From AP via

Jon Stewart hammered Jim Cramer and his network, CNBC, in their anticipated face-off on “The Daily Show,” repeatedly chastising the “Mad Money” host for putting entertainment above journalism.

“I understand that you want to make finance entertaining, but it’s not a … game,” Stewart told Cramer, adding in an expletive during the show’s Thursday taping. The episode aired at 11 p.m. ET on The Comedy Network and 12:00 a.m. on CTV in Canada.

It was perhaps the hardest lashing Stewart has given to a TV commentator since 2004 when he called Tucker Carlson and his then co-host Paul Begala “partisan hacks” on CNN’s “Crossfire,” the since cancelled political commentary program.

I will try to find time to say something about this tonight, but here’s some tweets I made this morning:

Can someone please remind me of the Daily Show’s exposes on financial jrnlism run amuck that were done *before* TSHTF?

@DougSaunders This crisis has been building for some time. Some real journos did early warning stories about it.The fake one didn’t.

@DougSaunders Are you talking fin. pundits or reporters? In any event, who was prepared to *listen* before TSHTF? (1/2)

@DougSaunders (2/2) the U.S. journo Jessicao Mitford. ess. once said if you publish and the public doesn’t act, your work is done.

@DougSaunders I’d have to do some research. But it would seem to me that market timing stories are largely guesswork. (1/2)

@DougSaunders (2/2) Stewart’s skewered Cramer over stmts from Dec. ’06, as an e.g. Where was Stewart in Dec. ’06?

@DougSaunders That’s the problem: We divorce stock picking from disc. of wider econ trends – & there were disquieting ones.

@DougSaunders It *is* tough to do early-warning stories. But we gotta try. For today, I gotta run. But thanks for your thoughts!

The exchange was with the Globe and Mail’s Doug Saunders —

Fri, March 13 2009 » Main Page, Media