I didn’t see it on TV when it occurred, but apparently Jim Cramer made an appearance on “The Daily Show with John Stewart” and didn’t fare so well, to put it mildly. There’s a lot of buzz about this on the Internet and after watching the un-edited video, I can see why.
Jim Cramer really comes off like a schmuck and an apologist. Clearly John is on his game, is firing on all cylinders and controls the conversation expertly. It reminds me of his appearance Crossfire and well worth the watch. On Crossfire, John took CNN to task and in this interview he takes CNBC to the same task. To quote Stewart, the issue is about “… what CNBC advertisers itself as and what it actually is.”
The impression that I’m left with after watching the videos is that the credibility of CNBC and more specifically Cramer’s show “Mad Money” has been flushed. It was after Stewart’s appearance on “Crossfire” that the show was cancelled. I can’t help but think that we could be seeing a repeat.
Lastly, there’s one thing that Cramer says towards the end that really sticks out and will be my take away sound bite.
“I’m a guy doing an entertainment show about business.”