Last night, the best journalist in the country undressed the feigned outrage of financial clown and scumbag, Jim Cramer. And yes, it's a sad commentary when the best questions we get are from Jon Stewart...he's clearly biased, completely cops to it and usually looks more for laughs than insight. But usually, he gets the insight.
The much-hyped evening turned into a well-thought-out condemnation of the country's financial structure, and more importantly, the media (sensing a theme from me?) who not only ignored the current financial crisis warning signs, but cheered for it and the insanity that led to our current situation.
I can't help but wonder where our country would be right now if two events never occurred: First, when Secretary Paulson, who had kept the company line of "the fundamentals are strong," as his message right up until his act. That act being "the sky is falling, give me seventy billion dollars and look the other way." Then Mr. Cramer going on The Today Show telling his sheep to "sell, sell everything."
And who points this out? The financial gurus of CNBC? Fox and all their financial reporting (funny how the Wall Street Journal missed this)? Bloomberg? No, a comedian who never succeeded until his current format had to expose the "shenanigans."
What happened last night probably ended Cramer's career. It also probably raised Stewart to an entirely different level. Which, on one hand we need, but is a disturbing thought that things have deteriorated to the point that the guy who serves as our best watchdog was the exagerrated stoner guy from Half Baked.
current jam: Ida Maria, I Like You So Much Better When You're Naked
5 days ago