Ok, I've got it.
I have figured out why this whole Jim Cramer/Jon Stewart thing has been so compelling to me. The coverage and analysis has been fast, furious and totally lacking in consensus.
- The NY Times thinks that Jim Cramer and CNBC won in the long run, under the theory that all publicity is good publicity
- Gawker thought that Cramer did the only smart thing by curling up in a fetal position and taking his licking, turning a route into a retreat.Just for good measure, they decided to pile on by enumerating a list of highly unethical activities that Jim has been involved in
- Wonkette just danced on Cramer's grave
- Robert Gibbs continued his streak of not being CJ Gregg by having a minor chuckle about it with AP
Why is everyone covering this? Isn't there real news to cover anywhere? Recessions? Foreclosures? Consumer spending? Maybe as opposed to writing off all those projects as "pork" everyone can do ten more minutes of work and figure out which one these projects are actually good ideas. How about a follow up on Madoff and his victims? Anything?
The scariest thing about this was Cramer showing up on Today, Morning Joe and Martha Stewart to spin this in some way...thereby keeping the story hot while officially not commenting on their coverage. So weird that Stewart had to pull his "Dora the Explorer" gag. Here we are standing at the start of the fall of the idea of American Exceptionalism and the media has basically turned into a bunch of self referential navel gazers? That's it? And its left to Jon Stewart to be a journalistic watchdog? A title he snatches at and runs from simultaneously every day? He's our only defender?
We're doomed.
As for the appearance itself, I am not going to give Cramer credit for his "courage" for making the appearance. Screw that, this whole thing is a contrivance of a large PR machine. I remain unimpressed.
Booyah this, a**hole!
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