The crowd at Comedy Central's studio cheered because it was good populism, well aimed and well delivered. And Cramer, the usually peripatetic host of CNBC's "Mad Money," sat and took it, mostly, like a schoolboy willing to let the teacher go on in hopes of still being allowed to graduate.
Stewart creamed him, if anything almost to a fault. [...]
He called it "this weird Wall Street side bet" happening on top of, and dwarfing, the public game of whether stock A or B is headed up or down. He kept the focus, almost unrelentingly, on the Wall Street gamesmen and women who turned bad mortgages into epic disaster and, to his credit, tried to indict Cramer and his colleagues en masse, and for failing a broader civic duty.
"I hope that was as uncomfortable to watch as it was to do," Stewart said when it was over.
It wasn't uncomfortable at all, Mr. Stewart. It was a pleasure to watch you hand Cramer his ass. You plenny smart fella for a comedian, and you got the balls the political gasbags oughta have. Good job.
Think Progress has more, with links.
Last night, CNBC’s Jim Cramer had a brutal face-off with The Daily Show’s Jon Stewart. “I understand that you want to make finance entertaining, but it’s not a f*cking game,” 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 “slaughter,” and the Huffington Post has a gigantic headline reading, “Jon Stewart eviscerates Jim Cramer and CNBC.” [...]
As Michael Calderone notes, yesterday on Twitter, MSNBC host Joe Scarborough wrote that he would have the “exclusive Jim Cramer interview tomorrow morning to discuss tonight’s war with Jon Stewart.” But after the rough night, Scarborough wrote this morning that Cramer was a no-show:
Cramer probably couldn't hear the alarm clock from hidin' under the bed. Or else he was, understandably, too drunk to go on TV. Heh.