The war between the comedy news world and the comedy financial news world is heating up. Jim Cramer has attacked back and is now in a full on bloody war of words with Jon Stewart. This one he can't possibly win.
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In what is clearly the best reporting anyone has seen on our financial catastrophe is (no surprise) Jon Stewart. He exposed CNBC for their inept reporting and outright criminal misrepresentation of our system's financial collapse. From HuffPo:
The most talked-about journalism of this week wasn't produced in the New York Times, CNN, Newsweek or NPR. It was Jon Stewart's epic, eight-minute takedown on Wednesday night's Daily Show of CNBC's clueless, in-the-tank reporting of inflatable bubbles and blowhard CEOs as the U.S. and world economies slowly slid into a meltdown. You can quibble about Stewart's motives in undertaking the piece -- after he was spurned for an interview by CNBC's faux populist ranter Rick Santelli -- but you can't argue with the results.
But that's not all. The Stewart piece also got the kind of eyeballs that most newsrooms would kill for in this digital age -- planted atop many, many major political, media and business Web sites -- and the kind of water-cooler chatter that journalists would crave in any age. In a time when newspapers are flat-out dying if not dealing with bankruptcy or massive job losses, while other types of news orgs aren't faring much better, the journalistic success of a comedy show rant shouldn't be viewed as a stick in the eye -- but a teachable moment. Why be a curmudgeon about kids today getting all their news from a comedy show, when it's not really that hard to join Stewart in his own idol-smashing game?
Watch:
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After a 6 month hiatus, I am going to REBOOT my blog.
I know there are thousands of you out there that have been missing reading my blog on a daily basis, so this will no doubt come as welcome news.
My focus will be on global geopolitical challenges of the Obama Administration with a focus on information you WON'T SEE ON TELEVISION.
In the meantime, enjoy the new "freak of nature" reported by our friend at Fox Snews.
http://www.foxnews.com/story/0,2933,287938,00.html
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