Jim Cramer

Richard Cohen has decided it’s time to defend Jim Cramer:

What Jon Stewart needs is Jon Stewart. He could use a droll comedian to temper his ferocity and correct him when he's wrong, as he was about the financial media, particularly CNBC and its excitable analyst Jim Cramer. They didn't cover up the story of financial shenanigans. They didn't even know it existed.

Oh well that makes it all better then. No wonder why CNBC, along with NBC and MSNBC spent the entire day last Friday setting the record straight and talking about how wrong Stewart was.

Whaaaaat? That never happened?

Well then why in the hell did the NBC networks just ignore what happened on the Daily Show? Perhaps the answer is simple – Stewart was right!

And when you read people like Cohen, you also get a real sense of why the Washington Post is suffering serious financial hardships right now.

I guess Cramer couldn’t handle his spanking yesterday and ended up pulling a no-show on Morning Joe today:

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:

No Cramer. Perhaps another example of oversleeping. Guess he had a late night. That is too bad. Producers told he was only talking to us.

I think the entire media needs to take a look at what happened last night. This is how you ask questions, and it was done by a comedian. Jon Stewart’s interview capabilities show up any of the media insiders. Here’s the cream of the crop from last night.

The climax hit last night when Jim Cramer appeared on The Daily Show. Bob has all three parts of the interview up. Be sure to check them out.

Not like there was any question, but he had another night of eviscerating Jim Cramer with a bonus hit on Joe Scarborough.

I like Jim Cramer a lot, and I can't help but feel sorry for him as he tells Meredith Vieira about his relationship with Spitzer and his family.

Jim Cramer was on Hardball tonight talking about the economy and Bush's big plan. To say he isn't impressed with Bush's plan would be an understatement. Like Cramer points out - how much do tax credits help? No one will see those for months, if that. The economy doesn't have that long.

Besides that the most interesting thing that has not been brought up by any one in Washington is the companies that insure these mortgage companies. Yup - there is another layer to this cake that is about to fall. With the mortgage crisis these insurance companies are looking at having to pay out hundreds of billions of dollars, which they don't have. That means we will see these companies going belly up and sinking Wall Street even more. Cramer says he expects to see this in 2-3 weeks and you can plan on a 2,000 point hit to the market. I guess that isn't important enough for D.C. to worry about though.

Yesterday Matt Lauer asked Jim Cramer why he doesn't lie to his viewers about the economy. Lauer exemplifies the state of today's media with this very absurd statement. Instead of reporting the news, Lauer apparently thinks that reporters are to tell the people what they want (or what the media thinks they want) to hear. Perhaps someone should tell Lauer that this same mentality is what propelled us into war with Iraq.