THE TV WATCH
High Noon on the Set: Cramer vs. Stewart

By ALESSANDRA STANLEY
March 14, 2009

It wasn't "Brawl Street" or a thrilla in vanilla. It wasn't a "Daily 
Show" friendly feud or even much of a discussion. Mostly, the 
much-hyped Thursday night showdown between the comedian Jon Stewart 
and Jim Cramer, the mercurial host of "Mad Money" on CNBC, felt like 
a Senate subcommittee hearing.

Mr. Stewart treated his guest like a C.E.O. subpoenaed to testify 
before Congress: his point was not to hear Mr. Cramer out, but to act 
out a cathartic ritual of indignation and castigation.

"Listen, you knew what the banks were doing, yet were touting it for 
months and months," the Democratic senator from Comedy Central said. 
"The entire network was. For now to pretend that this was some sort 
of crazy, once-in-a-lifetime tsunami that nobody could have seen 
coming is disingenuous at best and criminal at worst."

Congress has - belatedly and showily - gone after the leaders of 
banks, auto companies and insurance companies for their complicity in 
the financial crisis. Mr. Stewart has always had a messianic streak 
to his political satire, as when he ripped into Tucker Carlson and 
Paul Begala on "Crossfire" for "hurting America." He is now focusing 
on business news cable networks like CNBC, which not only failed to 
foresee the credit crisis, but also, in his view, sided with the 
bankers and helped inflate the bubble.

And while it's never much fun to watch a comedian lose his sense of 
humor, in an economic crisis it's even sadder to see supposed 
financial clairvoyants acting like clowns.

...

http://www.nytimes.com/2009/03/14/arts/television/14watc.html


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