Stewart vs. Cramer a comedy of hypocrisy
If you have not been following the John Stewart versus Jim Cramer, then you are a better man than I am. But if you are as sorry and pathetic as I am then you probably witnessed the incredibly hypocritical and mean spirited person interview with John Stewart I do not care so much about who was right on calling the financial crisis. I do not even like Jim Cramer. And I will say that John Stewart has some good points about CNBC needing to be better at reporting the fraud that does occur. However, Stewart said somethings that condemn him more than Jim Cramer. Stewart can pretend he is a comedy show, but he is doing the news for the young crowd and one can tell that he takes it seriously. Just watch the clip if you don’t think so.
Stewart said that the media should not take things at face value. Yet, he does not attack Barak Obama and the media today. Stewart things that the media ought to poke around and find out the truth. Yet, where was the media in such things as the Birth Certificate, or the stimulus bill debate, or Obama’s connection to Ayers or whatever. Stewart mocked those people who wanted Obama to produce a Birth Certificate, and instead to Obama’s word about it despite his own grandmother’s conflicting reports and massive resistance from the Obama camp. Stewart dedicated a long time to mock the people who wanted more time to debate a stimulus bill no one had read. Instead he took Pelosi’s word that it was needed and really stimulus. Stewart mocked the relationship with Ayers during the campaign and took the word of Obama about that relationship. Not just Stewart but the entire media is doing this, yet Cramer was singled out by Stewart. Why? Is it because Cramer was not reporting or is it now because Cramer is critical of the President’s plan? Stewart is little more than a shill for the Democratic Party and he knows it. The change in his program and his partner Stephen Colbert has been palpable. They are clearly out to be attack dogs and protect their President.
The fact that John Stewart can do that interview with the “righteous indignation” that he showed speaks volumes about his hypocrisy. There was a time when John Stewart went on CNN’s Crossfire and said that the constant bickering on that show was part of the problem. Well, now it is time to look in the mirror and realize that John Stewart is now part of the problem.
1 Comments:
While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?
China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.
The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts
Thanks,
Ron with 30 plus years in the investment business and banking industry.
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