Yesterday I read an article and watched a 20 minute (or so) video of an interview that Jon Stewart of Comedy Central’s “The Daily Show” did with financial expert and entertainment show host Jim Cramer of CNBC’s “Mad Money” and I was left with one overwhelming question: when did Jon Stewart become such a good news person?
He tore into Cramer in a non-confrontational way that sent Cramer backpedaling almost from the opening of the interview. He asked very real, common sense, every day type questions that pretty much all regular folks have been asking for the last year or so. He put Cramer on the spot and never let him out of the corner he backed himself into. It was amazing. At the end of it all it was definitely 10 rounds won by Jon Stewart.
Not there was anything to win. But I think Stewart actually held very little back in asking a very influential man in the world of finance how things got to where they got to and why he (Cramer) seemed to do nothing to prevent it. In fact, it felt less like and interview and more like two dudes talking over a beer at a local pub.
Yes, it was a bit awkward to see Jim Cramer wuss out the way he did. He literally folded from the moment he first opened his mouth. It wasn’t pretty. I would have liked to have seen him be a bit stronger when getting hit as hard as he did. But the bloody, honest truth is that Jon Stewart left very little for Cramer to use as a crutch.
He pulled out video clips of an off-air interview Cramer gave in which he said that he himself had done some of the things that many investors did to put the economy into the place it is in now. He (Cramer) made light of some of the situations people could end up in when investments were finagled the way he did it. It was actually pretty disgusting to hear, and at one point even Jon Stewart told Jim Cramer that hearing him say those things made him angry.
If you haven’t had a chance to see the video yet I have it here. It is about 20 minutes long but well worth the time it takes to watch it. Oh yeah, and you might want to in a place where folks won’t look at you funny for laughing out loud because there are times you will be doing just that.