Saturday, March 14, 2009

Jimmy Joned..!

Here, here and here are the videos where Jon Stewart toasts Jim Cramer.

Now, I'm not a fan of CNBC, am a big fan of Jon Stewart and am of the opinion that Jim Cramer is generally an idiot. But isn't Jon Stewart doing the exact same thing now that he accuses Jim Cramer of doing, which is pandering to his audience to boost his own GRPs?

He essentially accuses Jim Cramer and the CNBC network of incompetence or even unethical journalism. But when asked about his own journalistic credence he hides under the fact that he just a comedian and runs an unfair and a mostly meaningless show! But I don't find that explanation entirely credible. If we are talking about Drew Carey's 'Who's line is it anyway?', I'll agree. It is mostly meaningless and mostly funny. But Jon Stewart dabbles in mainstream politics and finance, has the most influential policy-makers on this show and is a hero of the liberal pseduo-intelligensia! With his type of content, audience reach and policy-maker access, it is quite irresponsible to claim that he just farting around yet at the same play the role of a self-appointed news media regulator.

If Jon Stewart is serious on holding people accountable, he has to cover why the rating agencies gave a AAA rating to subprime bonds, the drastic change in the situation before and after Lehman was allowed to fail, the reasons why Federal Reserve kept the rate too low for too long, the impact globalization had on masking this crisis and why Joe the plumber decided to buy a frekking townhouse when was he only employed part-time. But, that ofcourse, is serious journalism and Jonny aint doing just that. He is no different from a bully picking on people when they are vulnerable.

I just think Jon Stewart is playing as much to the gallery as Jim Cramer was doing for the best part of this decade. The only difference is that Stewart is funny, Cramer was painful!

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