(3/13/2009) – I can’t believe that Jon Stewart is getting publicity, ratings, and probably a raise for his broadcasts bashing CNBC and their on air personalities.
Why don’t we just blame the whole recession on CNBC? I mean, Jon went after Rick Santelli and now Jim Cramer. Give me any guy who is on TV every day (making predictions) and then let me pick and choose the clips I want to make him look bad. Hindsight is 20/20, you can use clips like that to make anyone look like a moron. Jon did have Cramer looking like a moron, and no question, he beat him up bad. The 2006 footage is probably something Cramer did not want aired. But I never saw the original footage (did you?) and wonder how out of context it was taken. But I digress…..
I am not sticking up for Jim Cramer. I’m not even a big fan of Jim, but I do occasionally watch his show. But I don’t just watch his show and trade what he tells me to trade without doing my OWN research. Anyone who does THAT and loses money – shame on THEM. That’s the laziest approach to investing I have ever seen. Jon purports to be the voice of “the average investor” who lost money on Jim’s show. Puhleeze! Mad Money is entertainment, purposely outrageous, you need to take it about as seriously as Jim does.
But Jon Stewart doesn’t stop at just Cramer. Jon digs harder at CNBC saying that only “a couple of guys on CNBC have it right”, and says [to CNBC], “You ALL knew” alledging that CNBC had inside information and could have predicted the financial meltdown and reported it ahead of time so that, “we could have done something”.
Hey Jon, you got it WRONG! Lay off CNBC. CNBC has some of the smartest, well spoken, diligent broadcasters on the planet. Case in point:
Becky Quick, Joe Kernen, Carl Quintanilla, Steve Leisman, David Faber, Charles Gasparino, Dylan Ratigan, Bob Pisani, Erin Burnett, Maria Bartiromo, Michelle Caruso-Cabrera, the list goes on and on and on. And yes, Jim Cramer and Rick Santelli are very intelligent guys.
CNBC gets the best Economists, best legislators (both sides), and best investors (Warren Buffett. Donald Trump ….. heeeelllllllooooooo!) on their shows. CNBC had Barbara Corcoran and Suzi Orman on long before they became household names. They have guests on 8 at a time to represent every possible argument on a topic. Jon Stewert says they need to “do a better job of reporting the financial news”. HOW? Jon wasn’t watching CNBC when his 401K was going straight up. He’s a bandwagon jumper who’s looking for a scapegoat and chose to blame the folks that bring us bad news everyday. Hello? Don’t shoot the messenger.
If you watch CNBC regularly, then you know they are NOT like the other networks that glamorize the doomsday scenario for ratings. They do a great job of reporting the news in a nonpartisan, not overly dramatic fashion. That’s the reason I like them so much. Network news — don’t get me started.
Jon – If you don’t like CNBC, then watch Fox Business, or Bloomberg. But quit whining. Well ….. we all know that’s not going to happen. When Jon whines, he cries all the way to the bank! Interesting who’s profiting off of the recession now.
