John Stewart Destroys CNBC

11 thoughts on “John Stewart Destroys CNBC

  1. sharolyn

    Jon Stewart is like the accountability partner they never asked for. Yes, I like it too, since there is hardly such a thing as a “news” program anymore. I like The Daily Show, because it knows what it is. Also, I have an appreciation for how much time it must take to put all that together. I mean, the segment may be three minutes, but can you imagine knowing about, finding and editing all those clips, writing the banter and staying fresh EVERY DAY? I love Letterman, and guess he tells two jokes per minute. Jon Stewart tells about ten per minute. Blink and you’ll miss something.

  2. sharolyn

    I loved Round Three. Chad, I thought you probably especially liked Jon talking to Maraka and Mittens – I mean, Dora and Boots.

    I love that in this school yard fight, where “talking heads representing billionaires representing companies” are complaining about irresponsible homeowners, Jon Stewart is the kick ass big brother representing this mostly-hard working-but-misled/swindled portion of the population.

  3. Chad

    I disagree with Stewart, a lot. I honestly do. I find myself, often, laughing and still saying… yyyeaaahhh… you’re wrong.

    It’s funny… I don’t even necessarily want to see tax dollars bailing out my neighbors. To be honest, I’ve not given it much thought or done much research on it. My libertarian streak dislikes the idea, the Christian in me says go for it. But to have THAT MUCH bad intel broadcast from your station and then let some talking head call people “Idiots?!”

    They had it comin’.

  4. Sharolyn's Husband

    I appreciated the Daily Show pointing out that they were not complaining as much when the bail out helped them (banks they owned stocks in) but were complaining about helping out their neighbors. Complain about both, or be quiet.

    I heard a financial radio guy ask an interesting question. Would you rather make $60,000 a year and your 9 other colleagues make $50,000 or would you like to make $80,000 a year and the same 9 colleagues make $90,000? More people than I thought would rather make $60,000 than $80,000. (I can’t remember the exact number.) It does not apply directly to the bailouts of everyone, but I thought it was an interesting question.

    Lastly, I think neither of these guys cares about any of the issues they are debating more than they care about the ratings they are generating. I do find it all very entertaining.

  5. Andy

    I would tend to disagree with the fact that it’s more about ratings than anything else. While I do think that both of those guys knew that doing the interview would help out their shows, I also think that, like Sharolyn said, Jon Stewart feels like he has a responsibility to be the “kick ass big brother” to the everyday normal folks who don’t have a clue what’s going on, and watch CNBC and feel like it’s all in a different language (also, if you watch the complete version of the interview on, there’s a bit more that was edited out that tends to suggest that it’s more than just ratings).

    What I think is interesting is that in this “battle”, if you can call it that, the more honest and integrous source is the one that knows and admits that it’s completely childish. The more and more I hear about this financial crisis, the more I come to the conclusion that a hefty dose of integrity from everyone could have eluded this whole problem, and that’s no matter who you think is at fault. The banks and CEOs could have been honest with us and told us what was really going on rather than just allowing it to happen and finding new ways to profit off it, but along those same lines, there are a lot of regular folks out there who could have been more honest when they were applying for loans they knew they couldn’t pay off (granted, not everyone who suffered the consequences of the mortgage crisis was in that boat, but at least a handful were).

    The point is, and this I think is what Jon Stewart was trying to convey in his interview, that the problem arises when we call a spade anything other than a spade. CNBC shouldn’t claim to be the end all, know all financial source when they can’t back it up, banks shouldn’t claim everything is fine when they know they’re going down, and regular folks shouldn’t put flat-screen TVs on their credit cards when they know the money ain’t comin’. The one thing you can say about The Daily Show is that it knows what it is (and what it isn’t), and it freely admits it, and that’s why it will always win the battles against the Jim Cramers of the world.

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