Stewart vs. Cramer

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Filed under: Fraud and Deception, Media Literacy

The Comedian as Media Critic
by Brian Stelter
March 13, 2009

Is the \”weeklong feud of the century\” finished?

Jon Stewart, the host of \”The Daily Show\” on Comedy Central, critiqued CNBC\”™s coverage of the stock market on Thursday during a highly anticipated appearance by Jim Cramer, the host of the sometimes frantic stock market show \”Mad Money\” on CNBC.

Mr. Stewart questioned Mr. Cramer about the perception that CNBC acts as a cheerleader for the investment community. \”The financial news industry is not just guilty of a sin of omission but a sin of commission,\” Mr. Stewart said. Mr. Cramer agreed that he made a number of faulty predictions over the years.

The must-see-TV moment came more than a week after CNBC abruptly canceled Mr. Stewart\”™s interview with Rick Santelli, a reporter who had ranted about President Obama\”™s housing plan on the network last month. Mr. Stewart complained about the cancellation and spent eight minutes on \”The Daily Show\” playing video clips of the network\”™s mistaken financial forecasts. \”If I had only followed CNBC\”™s advice, I\”™d have a million dollars today,\” Mr. Stewart said, \”provided that I\”™d started with $100 million.\”

That first video has been viewed more than 1.5 million times on Comedy Central\”™s Web site for the show. Mr. Cramer and Mr. Stewart battled back and forth in a series of online columns and TV segments before meeting for the first time on Thursday on \”The Daily Show\” set. Comedy Central called it the \”weeklong feud of the century.\” Read the rest of this article here.