Fox News: The New “Liberal MSM”

On The Daily Show yesterday, Stewart demonstrated how “conservative” rhetoric on Fox has flipped since the election of President Obama. As Gawker put it:

Stewart and his staff dug deep into the archives to find some great footage of various Fox News personalities vehemently condemning the very behaviors that they’re now so enthusiastically championing, like criticizing the president during a time of war and taking to the streets in protests. These are the types of things that liberals do! So Fox News = the new liberals!

The quality of these videos isn’t very good, but you can always go to the Comedy Network site for a better version (or if these are removed for copyright violation).

The hypocrisy is astounding, but oh so predictable.



Bill Kristol gets busted on The Daily Show.

Business as Usual?

The Madness of Jim Cramer Continues…

The day after his evisceration by a “comedian” on The Daily Show, the peripatetic host of Mad Money was right back to his usual clowning around (although now derisively bad-mouthing hedge fund managers for shorting the market, calling them “the bad guys”).

For its part, CNBC was unrepentant. “CNBC produces more than 150 hours of live television a week that includes more than 850 interviews in the service of exposing all sides of every critical financial and economic issue,” said CNBC spokesperson Brian Steel in statement Friday. “We are proud of our record and remain committed to delivering coverage in real-time during this extraordinary story and beyond.” Clips of the interview weren’t played on CNBC and producers on sister venues of the NBC network were asked to leave it out of their shows. In Soviet fashion, it was simply “disappeared” from existence.

And perhaps it was just a coincidence, but Thomas Clarke, longtime chief executive of the, Cramer’s financial news website, abruptly quit Friday, “effective immediately.”

A little more of the media fall-out from this morning’s Reliable Sources. Aren’t you just a little curious to see what Tucker Carlson had to say?

By the way, if you haven’t read The Story of Deep Capture, it’s now available in PDF format.

Cramer & CNBC Get Pwnd


What an absolute thing of beauty tonight’s Daily Show was. Another “Crossfire” moment, I dare say. I cannot wait until the video is available… a transcript would be most excellent too.

In case you missed it, almost the entire half hour was devoted to a discussion between Stewart and Cramer about CNBC’s role in hyping the stock market bubble. When I say “discussion” it was actually more a case of Stewart lecturing and castigating an abjectly apologetic Cramer, whose cynical clowning was ruthlessly exposed with the help of this charming bit of video in which the host of Mad Money admits that he regularly manipulated the market when he ran his hedge fund. Calling it “a fun game” and “a lucrative game,” he suggested that all hedge fund managers act likewise. “No one else in the world would ever admit that, but I could care. I am not going to say it on TV,” he foolishly boasted.

Here’s a money quote (no pun intended) from the Mad Man of Wall Street: “What’s important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it’s important to create a new truth, to develop a fiction.” Explains a lot, doesn’t it?

Update: Steve Johnson at the Chicago Tribune documents the scolding.

Stewart creamed him, if anything almost to a fault. He urged Cramer and his newschannel brethren to report rather than blindly trust what CEOs say (Cramer’s primary defense of CNBC’s lack of vigilance). But, really, Stewart didn’t report himself; he delivered a 22-minute opinion column, occasionally interrupted by Cramer shoulder shrugs, “okays,” and mea culpas plus, bringing in financial TV in general, wea culpas.

Unlike Santelli’s infamous rant, it was, as Johnson says, “good populism, well aimed and well delivered.”

Update2: Ta da! Here’s the clip (along with the usual caveat that it may be removed at any time due to copyright violation. Although, maybe Viacom will let it slide this time.)

Cramer vs non-Cramer

Basic Cable Smackdown: Part III

The latest salvo from Jon Stewart firing back at Jim Cramer; this time employing the assistance of Dora The Explorer to carefully explain the point of the original critique about the relentless and completely wrongheaded hyping of bogus stocks to retail investors at the height of the bubble.

Note: Chances are almost certain that the above video will be removed due to copyright violation, so catch it while you can. If it gets taken down, just go to Comedy Central (USA) or the Comedy Network (Canada) to view it.

Morning Whine

Joe Scarborough and the gang indulge in a little group whining about how unspeakably mean that well-known “ideologue” Jon Stewart has been to poor old Jim Cramer and the other financial wizards at CNBC. Especially amusing is Scarborough indignantly ripping on Stewart, claiming that he’s no longer “speaking truth to power” now that Obama is president.

Should be interesting to what, if any, response this provokes from The Daily Show camp.

Update: I should really have made note of Don Harrold and his numerous debunkings of Cramer and CNBC in the past.