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Politics | 03/10/2009 1:00 pm

Jim Cramer Appears on 'Today,' Pushes Back at Stewart (Video)

By The Staff at wowOwow.com
CNBC

CNBC host Jim Cramer has been getting a lot of heat this week, especially for his remarks that Obama staffers have been acting like "amateurs" in their approach to the economy. In addition to taking flack from the White House, Cramer’s antics also drew the ire of "Daily Show" host Jon Stewart.

Not one to sit on his proverbial hands, Cramer took to the "Today" show this morning to explain himself. And, in a move that may surprise some, Cramer admitted to making some mistakes, including having the CEO of Wachovia, who is now under SEC investigation, on his show.

Cramer also discussed policy, and insisted the president must focus as much energy as possible on the economy, rather than try to diversify on issues like stem cells. Fellow CNBC anchor Erin Burnett agreed. As for Stewart, who has criticized Cramer for telling people to invest in Bear Stearns, which later collapsed, Cramer says, "Any time you recommend a stock and it goes down, you’ve made a mistake. Here’s a shocker: Almost every stock is down!" He also takes a shot by calling Stewart a "comedian" who hosts a "variety show."

Watch:

19 Reader Comments (so far…) Sign In or Register to comment

billy killoran
there’s a big difference between a ‘stock going down’ and a company imploding  bear sterns was clearly the latter   jon makes a lot of sense  and i do like jim 
By billy killoran on 03/10/2009 1:24 pm
f p
Frankly Jim you’re a bigger comedian than Jon and you are wrong and have been all along-. 
By f p on 03/10/2009 1:30 pm
Ms. Dee
Didn’t everybody get it wrong?  Why are we just making fun of one or two?
By Ms. Dee on 03/10/2009 1:53 pm
Mel Berg
I am a fan of both Jim Cramer and Jon Stewart, Jon though is right on this one and I don’t know why Jim makes such a deal out of it. He was wrong and I don’t know why he just don’t admit it and move on?? I will still watch him, no one is right all the time, especially the talking heads on CNBC.
By Mel Berg on 03/10/2009 2:07 pm
EKA -

Jim Cramer is not alone in getting it wrong, and Stewart is absolutely right to point out, like only he can, with intelligence and humor, that all the CNBC hosts gave wall street a pass in order to gain access. Plus, everyone was making gobs of money, who wants to rain on that parade ?

The few people who WERE trying to raise a red flag were seen as kooks. What is going on here is major cover your ass - keep your credibility.

 Keep pulling the curtain back on the wizards, Jon ! 

By EKA - on 03/10/2009 2:23 pm
Agyness O

Cramer is incapable of ever being quiet and, the more he talks, the bigger fool he becomes. I applaud Jon Stewart for calling him out along with Santelli and some others on CNBC. The most dangerous thing in an economic crisis is denial.

By Agyness O on 03/10/2009 2:33 pm
Diana T
Cramer=bi-polar?
By Diana T on 03/10/2009 9:04 pm
Rebecca Scarborough

Cramer refers to Stewart as a "comedian" in much the same way that Michael Steele referred to Limbaugh as an "entertainer."  People weren’t laughing at Stewart’s criticism of Cramer because it was funny; they were laughing because if they didn’t they’d cry.  Stewart is an influential political satirist and Cramer knows it.  That’s why he went on The Today Show to rebut Stewart’s comments.  I hope everyone who watched the Stewart segment gets the most important message.  None of these guys were smart enough to warn the public.  They were worried about their ratings, not the quality of their advice.

By Rebecca Scarborough on 03/10/2009 2:55 pm
DeBúrca obj

Stewart’s answer to Cramer on Monday’s show was spot on and leaves no dispute who is correct:

http://www.hulu.com/watch/61460/the-daily-show-with-jon-stewart-mon-mar-…

 

By DeBúrca obj on 03/10/2009 5:09 pm
Belinda Joy

Jim, Sweetheart….you REALLY don’t want to take on John Stewart!

He will make you look like a fool. Because a lot of what you have said and done on your show, contributed to a whole lot of people losing millions of dollars. And it appears John and his writers are enjoying pointing out your hypocrisy.

So a little advice from a lone woman…..drop the John Stewart comebacks. Ignore him, if you don’t you’ll regret it.

By Belinda Joy on 03/10/2009 7:07 pm
under stimulated

Jim verses John?? Who cares???

I’m confused—the first stimulus, we were assured, “created or saved” three million jobs. Do we need to create or save those jobs again so soon or will this new bill be creating or saving more?

Prediction: By 2010, The One will have “saved” every job in America.

“We are going to need more taxpayer money,” Mark Zandi, the chief economist at Moody’s Economy.com and a key economic advisor to Congressional Democrats, said after the meeting. “I think another stimulus package is a reasonable assumption because of the way things are going.”

House Speaker Nancy Pelosi (D-Calif.), standing with members of her leadership team by Zandi’s side, said she agreed that another stimulus bill is being considered as an option.

“We have to keep the door open,” Pelosi said. “The word of the day is confidence. Confidence in our markets, confidence in lending, confidence in our financial institutions.”

Nothing says confidence like an endless string of multibillion-dollar emergency bailouts.
By under stimulated on 03/10/2009 7:33 pm
Community Manager
For the sake of this discussion, the topic is "Jim v. Jon" so we do care about keeping discussions on-topic. 
By Community Manager on 03/10/2009 7:52 pm
under stimulated

thank you, i’ll keep that in mind.

considering they’re both politcal commentators—i’m sure they’d address the stimulous package in their debate—so perhaps it is  on topic.

By under stimulated on 03/10/2009 8:03 pm
~ countrywoman ~

Hello Community Manager

I mentioned how much I welcomed your addition to Wow over on the "birthday" thread, but since my post there has disappeared, I will stop here and say it again for the record.  (I opine that most of us appreciate boundaries, and reminders of same.)

By ~ countrywoman ~ on 03/11/2009 3:09 am
Denise L
Community Manager - so glad you are showing up. Please do so freely as we all really appreciate keeping WowOWow going for years and years with good interesting subjects and interesting posters. You have been losing a lot of the good ones lately.
By Denise L on 03/11/2009 1:56 am