Cramer vs. Stewart

by Brien Jackson

I’ve had a lot of other things to take care of today, so I’m a little late to the game on this, and to be honest, I’m sort of happy about that. Had I written something first thing this morning, or right after the show last night, I probably would have had a lot more enthusiastic response. As it is, the further removed from it we’ve gotten, and the more reactions I’ve read, the more I feel like, ultimately, it really doesn’t mean much. Sure, i suspect it will remain a cult video for a long time, and it will certainly follow Cramer around for the rest of his career (see Carlson, Tucker), but will this affect CNBC? No. How many people in CNBC’s chief demographic actually watches the Daily Show? I’m guessing not many. Indeed, it’s important to remember that CNBC exists to do exactly what Stewart criticized them for, which is unfortuante, but that’s exactly what people who watch CNBC are tuning in to see.

I will give Stewart a lot of credit though, it takes a strong gut to destroy someone like that when they’re sitting right in front of you. I don’t think many people really have that in them, and I think that’s why journalistic interviews tend to be so soft. And to be honest, I sort of feel bad for Cramer. The guy at least seems to realize he screwed up, which is more than you can say for most people, in politics or media. And, to be sure, I’d like to believe that this incident would expose the sheer pointlessness of “expert” stock opinions on teevee, but it won’t. Cramer’s career might recover, it might not, but CNBC will survive. Unfortunately.

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