After Being Eviscerated By Jon Stewart, Cramer Skips Morning Show Appearance
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Editor's note: To see Jon Stewart's smackdown on Cramer last night click here.
Last night, CNBCâ€™s Jim Cramer had a brutal face-off with The Daily Showâ€™s Jon Stewart. â€œI understand that you want to make finance entertaining, but itâ€™s not a f*cking game,â€ Stewart told Cramer. Cramer also agreed to do one show with more serious, level-headed commentary.
There has been almost universal acknowledgment that Stewart humiliated Cramer. Jim Fallows called it a â€œ slaughter,â€ and the Huffington Post has a gigantic headline reading, â€œ Jon Stewart eviscerates Jim Cramer and CNBC.â€ Even Fox and Friends host Steve Doocy said that Stewart â€œrightfullyâ€ attacked Cramer: â€œJim Cramer, on his show, has made many â€” has said â€˜buy this stock because itâ€™s going to go up,â€™ and then it tanks. He told people to buy Bear Stearns and hold it, just before it completely went to zero.â€
As Michael Calderone notes, yesterday on Twitter, MSNBC host Joe Scarborough wrote that he would have the â€œ exclusive Jim Cramer interview tomorrow morning to discuss tonightâ€™s war with Jon Stewart.â€ But after the rough night, Scarborough wrote this morning that Cramer was a no-show:
Amanda Terkel is Deputy Research Director at the Center for American Progress and serves as Deputy Editor for The Progress Report and ThinkProgress.org at the Center for American Progress.