CNBC’s Fortnight of Hell (March 2009): Updated Aug 5, 2011
Aug 5, 2011 Update
On the heels of the 512 point drop in DOW yesterday, one would be tempted to tune to CNBC for hand-holding -- forgetting the fact that CNBC is one of the enablers of bubblonomics, a cheerleader for failed policies, and a mouth piece for fraudsters. First, listen to what Jim Cramer said after the rout yesterday.
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He said, “This is nowhere as bad as it was in 2008.” caveat emptor.
Now check Cramer’s and CNBC’s record, as described by Jon Stewart. This came from a network that had the slogan “In Crame We Trust” [They just replaced God with Cramer].
[The following is a TeluGlobe post from March 2010].
This is pretty much second anniversary of Bear Sterns Collapse. Also, it is almost a year since Jon Stewart destroyed CNBC and Jim Cramer on The Daily Show. It all started with this March 4th episode, when Rick Santelli, a CNBC correspondent excelled his Daily Show appearance. (Rick made news for calling home owners.
This is essentially a recap of a comedian doing hard hitting journalism. These videos are classics. Watch them in sequence. Enjoy!
March 4, 2009: CNBC Financial Advise
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| CNBC Financial Advice | ||||
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March 5, 2009: In Cramer We Trust
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| In Cramer We Trust | ||||
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March 10, 2009: Basic Cable Personality Clash Skirmish ’09
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| Basic Cable Personality Clash Skirmish ’09 | ||||
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March 12, 2009: Jim Cramer Interview, Part 1 (Look at how sheepish Cramer gets in front of Jon)
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| Jim Cramer Extended Interview Pt. 1 | ||||
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Jim Cramer Interview: Part 2 About 2 min into the video, Jon says, “Give me 208,” hear Cramer and the follow up! It gets better by the second. “I want the Jim Cramer on CNBC to protect me from that Jim Cramer.”
“You are pretending as though you are innocent. Roll 212…. and now, 216″ That is the final nail.
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| Jim Cramer Extended Interview Pt. 2 | ||||
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Jim Cramer Interview: Part 3 And the conclusion!
| The Daily Show With Jon Stewart | Mon -- Thurs 11p / 10c | |||
| Jim Cramer Extended Interview Pt. 3 | ||||
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Thanks Mohan Garu , Classics, I saw the Crammer Vs Jon before. But its a classic. Jon did show some emotions and stepped out of his “we are fake news” mode.
I loved the fact that Santelli blew off Jon Stewart. That his ego wasn’t so big that he had to run into the liberal limelight. Stewart may have thought he would evicerate Santelli, ( he wouldn’t have) but Im glad he was to smart to take their bait. Cramer on the other hand jumped in front of the moving bullet. I also didn’t get why Jon forgot he was a comedian. I think Jon looked foolish too! However, I would like to see Santelli and Stewart a year later. It ends up Rick was on point, the housing plan sucked, Obama canned it within the month. I bet Jon just might be in agreement with Rick!
Rick is alright. he is one of the few voices of sanity on CNBS. He lost credibility when people came to know that his (in)famous rant on the CBT floor was staged. To be fair to Rick, he was consistent in ranting against the banks that screwed. But, he came a bit more heavy handed in criticizing the prey (home owners) while going easy on the predators (banks). I wouldn’t expect any better. After all, he works for CNBS and he thought that Palin is presidential material.
I do not like to label people. Period. We are all conservative on some issues and liberal on some issues. Life is more nuanced than the black-and-white pictures shown to the brainwashed by the drug addicts like Rush Limbaugh and Glenn Beck. As with Jon – it is ignorant, if not stupid, to think that he did so because his ego was bruised. Confidence can be mistaken for arrogance by the insecure and the brainwashed.
I was never a big fan of these show until now. He is awesome. Thanks mastaru.