Cramer responds to Stewart: ‘It was naive and misleading’ to attack me.

[babylonsister]

Ole Cramer found his voice. It only took about a week. :D And sure, Stewart is naive. :eyes:

http://thinkprogress.org/2009/03/19/cramer-stewart-today/

Cramer responds to Stewart: ‘It was naive and misleading’ to attack me.

This morning, CNBC host Jim Cramer went on NBC’s Today Show and made some of his first public comments about his brutal face-off with the Daily Show’s Jon Stewart. (The morning after the evisceration, Cramer unexpectedly skipped a planned appearance on MSNBC’s Morning Joe.) Today, Cramer dismissed Stewart’s attacks, calling them “naive” and saying that CNBC had been “out front” in identifying financial malfeasance:

I think it was a naive and misleading thing to attack the media. We weren’t behind this. CNBC, in particular, has been out front on this. … I think there are people who bear so much more responsibility {than the media} that it’s just wrong-headed: the politicians, the regulators, the SEC, the lenders, the investment banks. … It’s just a naive focus, it really is Meredith.

Watch it at link~

This full-throated defense of the network may be coming in response to CNBC staffers who were reportedly “furious” with Cramer for not defending their reporting in his interview with Stewart.

[tularetom]

1. Now he's all big and tough

But he sure was a big wuss when Stewart was tearing him a new asshole. Very contrite, almost in tears, his whole appearance was a giant mea culpa. Now, out of reach of Stewart, he's suddenly become Mr. macho.

I don't think it'll fly.

[babylonsister]

2. He'd better stand by for some backlash from Stewart, who has been

very quiet about this. "I" wouldn't challenge him. :)

[lame54]

3. The media(especially a financial media) is supposed to watch...

"the politicians, the regulators, the SEC, the lenders, the investment banks."

if they can't monitor these groups and know what is going on - what is the point of their existence?

[Ganja Ninja]

4. He never said you were responsible Mr Cramer.

What you were and should be responsible for is giving people honest information without political bias or a motive for personal gain.

[sweetpotato]

5. How much did Cramer lose in the market?

That's what I want to know.

Unless he lost his shirt, he wasn't taking his own *advice.*

[NeedleCast]

6. Cramer Continues to Try and Make This About Him

Jon even called him on this in the damn interview.

"This song isn't about you!"

A statement Cramer seemed to agree with during the interview. He sure talks a big game when no one is in his face about it.

[Vickers]

7. Maybe you should go back on the show to let Stewart know personally?

:rofl:

Lemme know how that works out for ya!

[KharmaTrain]

8. Millions Of Viewers To Cramer...STFU

So it took him almost a week to crawl out of his rock and this is his best defense? "We weren't behind this"? No one said Greed Central was, just how disengenuous that network is and how they have blurred lines between not just information and entertainment, but also selling their air time to "experts" and others who then get glowing recommendations on the air.

Cramer can pass the buck...and he's right, this economic shitpile belongs to a lot of people...the "regulators" in specific who became too cozy with the Cramers out there and let these games go on, but as Stewart showed, Cramer sure wasn't against using his on-air position to play games to move the markets up and down...that was "just kidding" or "hypothetical".

Millions have seen the interview...it became viral as fast as anything as I can say. Cramer's damage control is too little too late.

[njlib]

9. Just a heads up

Bruce Springsteen is going to be the guest on The Daily Show tonight! Hope he's going to get as much time as Cramer was given.

[babylonsister]

11. Springsteen? Very cool. Thanks for the info! nt

[njlib]

13. He mentioned it at the end of last night's show

and was very excited! Stephen Colbert's jealous! :)

He's also going to perform, which is why I hope he gets most of the show. I'd much rather listen to him go back and forth with Stewart as much as possible.

[originalpckelly]

10. He really doesn't know when to shut up, now does he?

I wonder how Jon will act in response to this?

[Juan_de_la_Dem]

12. Jim Cramer is a has been. Career over.

[Marr]

14. He is not that stupid.

All through the interview, he acted like Stewart was attacking him personally for making bad predictions, or for believing corrupt CEOs. He wasn't, and I have no doubt that Cramer knows that very well. The man we saw on that old video talking about how he used his connections to drive down stock prices and rake in money by shortselling was no dunce.

Cramer knows very well that it was his industry that was being condemned, not for being the cause of this mess, but for being *complicit in it's creation*. They and the rest of the big financial "news" outlets acted as PR tools for their corporate bosses. He knows what the criticism was for, and he knows it was warranted.

[blueraven95]

15. wow, he still doesn't get it, does he?

same thing I wanted to say to Jeff Zucker:

As far as I know, no one is saying that CNBC, or Cramer specifically, is responsible for the market crash. They are, however, responsible, for that fact that they did not behave as a proper journalistic enterprise. They are responsible for coddling CEOs and other business execs. They are responsible for misleading the public about the market, whether through intentional malfeasance or through negligence coupled with sensationalism.

[The Backlash Cometh]

16. Cramer is right. He wasn't behind it.

He was at the forefront.

[annabanana]

17. CNBC's audience. . A small but VERY VALUABLE demographic

"People with more money than sense". They are small, but hugely influential. The "huddled masses" don't matter at all..

The middle class is not their concern..

Their ONLY audience is that gilded nincompoop who thinks that he's rich because he's smart.

[Gin]

18. he needs viewers...this is about nobody watching his show anymore..(IMO)

[Beavker]

19. NBC is a joke

They basically decide what you and I are to hear and think. God bless the free press. Or, may it rest in peace.

[Bozita]

20. Cramer's viewer numbers since visiting TDS -- Up or Down?

[AngryOldDem]

21. Cramer needs to STFU.

Bottom line is, he and every other hack who works at that network is a sham and a shill, not a "journalist," however one broadly/loosely defines that term.

If Stewart were that "naive," Cramer would have been able to stand up to him -- Cramer folded, and he folded early.

And I don't think anyone was counting on the "media," however broadly/loosely one defines that term, to lead us out of this mess. But I do expect a **responsible** media -- and that part of it that calls itself the "best in the financial news business" -- to call bullshit when it sees it, and not let people come on their networks and blatantly lie and obfuscate with the full knowledge and complicity of said media. This is the basic tenet of journalism (or used to be): Acting as the watchdog, not the fucking lapdog. This is where CNBC fell down, and Stewart made Cramer cop to it.

Jim, the more you talk, the bigger the hole you dig for yourself. Let it go.

P.S. Gads. Nothing like waking up and seeing BOTH Cramer and Burnett on your TV at the same time. :puke:

[wryter2000]

22. Oh, man

Does this mean we get another round? Please, please. :evilgrin:

[Gregorian]

23. Just a pawn in our media ponzi scheme.

They fronted the illegal invasion.

They smoke screened the financial jokesters.


The real problem is that in large numbers, this country has gone the way of the infomercial. Life is easy. What Jon was saying is that LIFE ISN'T EASY. So stop saying it!

[PVnRT]

24. Shut up, Jim, go back to offering questionable stock advice

[FlyingSquirrel]

25. I could'a kicked that kid's ass

You musta been watching some other fight. I was going easy on him. Just wait till next time.

:P

[SoCalDem]

26. He had to wait until CNBC bosses figured out what he was thinking and what he should say

They have a vested interest in continuing their same ole schtick..Their "Pimp My Stock" scenario is what they like, and they're not gonna change it..a bit..

[Enrique]

27. now Jon will have to go on Dora the Explorer again

will this never stop?

[Last Stand]

28. Stewart wins this round again.

Cramer is now turning on the regulators and politicians (read: RW). This is precisely what should have been happening all along. If the media had been doing it, the pols couldn't have gotten away with it. Stewart is creating the kind of division between media and industry essential for honest reporting.