More Pot & Kettle Crap
So... am I the only one in America today who finds it a little more than silly that Jon Stewart ("The Daily Show") is being lauded for sticking it to Jim Cramer ("Mad Money") for being too much an entertainer and not enough of a journalist? I mean... really, people. Jon Stewart?
Shoot, I guess if you make people laugh for twelve years on a fake news show they forget all about the "fake" part. The show is on Comedy Central, for Pete's sake, and he's telling people to do more real journalism and less entertainment?!
Could it be... just maybe... that the bulk of Americans are so pissed off about the economy that they're just beyond ready to see somebody get reamed for it? Seems likely to me.
Do I think Stewart is funny? Undeniably. Do I think he's also a pompous ass? Absolutely. Excuse me if I don't agree that a dude who made a career out of "nanny nanny boo boo-ing" others is the example of journalistic integrity. Shoot, man, he was in Big Daddy and Mixed Nuts, but has the nerve to question the smarts of others? Sorry, call me cranky, but I can't see the Daily Show as anything more than a glorified Friar's Roast. To give it any more weight or importance than that is... well, laughable. If America is now truly viewing The Daily Show as a real news show, and Jon Stewart as a real journalist... then we may have bigger problems than the recession.
posted by Kennelworthy @ 3/13/2009 08:41:00 PM
3 comments
3 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.
They're both entertainment. Yet they treat this as a legitimate news story.
I think this is the difference. Stewart is a known comedian and it is well known that his show is comedy/entertainment. While he does report real news (sometimes), it is with the intention of getting a laugh. People tune into him with nothing but hopes of getting a laugh. If the show is funny, they laugh. If not, they don't. What is lost? You expect some far fetched jokes and an escape from the hard parts of reality.
However, when you look at these money shows on CNBC, etc, their job is to report facts and proper advice. They have the right to entertain just as much as anyone. But, people tune into these guys for one reason. To find out where to put their money. When these guys report or suggest things that they know aren't good, it matters. Especially in this recession. This is people's hard earned money, college savings funds, and retirement funds. There is more on the line than just laughs.
Stewart is correct to say what we all think. The screaming and entertainment is fine, if at the end of the day you show us the REAL good and bad deals. You tell us who is corrupt and who is ligit. Your job is to inform people of what is good and bad in the market, not make us laugh.
One has a responsibility to make us laugh, the other has a responsibility to educate and report facts. Which would you rather gamble with when it comes to entertainment/reporting: laughs or cash?
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