Showing posts with label Jon Stewart. Show all posts
Showing posts with label Jon Stewart. Show all posts

Tuesday, March 2, 2010

Here's to you, Senator Bunning

Barack Obama's greatest strength might be his patience.

He's disciplined enough to sit back and wait for his enemies to make a mistake.

Enter Jim Bunning.

It's probably a gross exaggeration to say that Jim Bunning saved health care. (I have no special knowledge as to whether the bill will pass or fail.) But he certainly gave Dems an early Xmas present.

If you don't know about Jim Bunning he is the Kentucky senator (and former Major League pitcher) who staged a midnight coup on the floor of the senate which stopped a vote on 400,000 people from getting their unemployment insurance.

In one fell swoop, he basically confirmed what we always knew about the GOP -- that they're a bunch of heartless, selfish, no-goodniks.

When I saw one of my Republican friends at the Post today he just looked pissed off.

"Political gold for the Democrats," he spat, shaking his head. "Exactly when the Republicans should be keeping the debate focused on health care."

I agree. I feel slightly guilty about it (no, I don't think people's unemployment should be screwed around with just to score political points) but it was definitely a political winner. Republicans can complain about deficits until they're blue in the face, they're not going to get anywhere in 2010 if they look like the party that's tough on the unemployed.

Moreover, Jon Stewart found the clip of Bunning complaining that he, too, was suffering through this vote -- because he wasn't able to watch a basketball game that had been played earlier in the evening. (I wish I was kidding.) I hope every single race for the House and Senate just plays a non-stop loop of Bunning, over and over again. I don't think Americans care that much about "reconciliation" and parliamentary procedure -- but they should be able to recognize an odious scumbag when he preens his feathers on CSPAN.

Tuesday, April 14, 2009

Rogen & Stewart

Your humble blogger, has a guest item on the Jewy/foodie blog, The Jew and the Carrot, about Seth Rogen's hilarious appearance last week on the Daily Show.

Expect another blog this week on our schlubby leader (Rogen -- I'm just your schlubby narrator) and his new (remarkable) movie, Observe & Report (I probably won't have time to put anything up today).

Other upcoming blog items this week:

Where this schlub went for Brooklyn restaurant week.

Reviews of Adventureland and Sunshine Cleaning.

Friday, March 13, 2009

Jon Stewart has done the impossible:

He has made me feel sympathy for Jim Cramer.

Not much sympathy, mind you. I think that Cramer is, by and large, a clown and if the country took his investment advice we'd be a banana republic right about now. (I was, frankly, knocked for a loop when I found out that Cramer had graduated with honors from Harvard.) But I have to admit, I thought Stewart was a bit of a bully when he interviewed Cramer on last night's Daily Show.

Let me also throw in a few caveats.

Caveat #1: Stewart's original piece on CNBC was, by and large, pretty fucking genius.

If you haven't seen it, it's worth checking out here.

I got into a huge argument about this the other night with a friend of mine who was sticking up for CNBC (which, I admit, I do not watch much of) and saying that by cherry picking individual things that CNBC has gotten wrong Stewart was being hugely unfair; they have interviewed short sellers as well as bulls over the last few years, and there was plenty of dissenting opinion about the boundlessness of the market that they featured. I'll have to take his word for that -- and he has a point.

But the reason Stewart's original piece was so good was not necessarily by cherry picking "gotcha" moments -- it was a larger indictment. The truth is, financial journalism has failed miserably over the last decade in anticipating this economic collapse. (In its way, it's about as big a failure as the political media's failure to verify the claims the Bush administration was making in its march to war.)

There were sober voices out there who were warning about over-leveraged banks; CDOs; lack of subprime standards; etc. and they could be found in their own quiet corners of the media. But they rarely appeared on Larry Kudlow or Jim Cramer -- or were given as great a megaphone.

Caveat #2: The fact that financial journalists just repeat what they are told by CEOs is not just maddening -- it's puzzling too. (And this, I think, is Stewart's larger point.)

Look, I don't work in TV. I have no idea what the protocol is. But I learned fairly early on in my career as a journalist that you have to assume that about 90 percent of what you're being told is bullshit. Sometimes people are total crooks and frauds (like "Sir" Allen Stanford who's interviewed at the end of the CNBC takedown Stewart did) and it's difficult to pin down somebody who's lying so shamelessly and consistently.

But I think the obsequiousness that leads reporters to huddle up to a CEO is part of the reason that crooks like Stanford and Bernie Madoff (and even not-out-and-out criminals, just morons like Dick Fuld) are allowed to go so far.

All that being said, Jim Cramer is pretty small beer in comparison to the larger problem.

And I didn't think it was quite unfair of Stewart to beat him up the way he did.

Cramer went on the show, and was never really given a chance to defend himself. "Roll clip," Stewart kept snarling -- before Cramer had a chance to make his point. (Interview wasn't even really the word for what this was. Diatribe by Jon Stewart was more like it.)

If you're going to humiliate the guy by showing all the mistakes he's made (over an extremely long amount of time), you have to give the guy a chance to defend himself. Stewart did not. He seemed like he was quaking in anger -- looking to eviscerate.

Look, I'm sure that CNBC and Jim Cramer have made a few boners over the years. But it was almost as if he was laying the entire financial collapse in Cramer's lap. That's more than a little unfair. Cramer was wrong -- but so was the vast majority of the establishment. When Stewart makes his critique on the establishment, I'm with him -- when he picks on individuals, I'm less with him.

Also, I think Jim Cramer pretty much was taking a bullet for Rick Santelli.

Santelli started the ridiculous "tea party" on the floor of the Chicago stock exchange, saying why should the rest of us pay for bad mortgages, which prompted Stewart's original segment on CNBC. Santelli's rant was immediately hailed by Republicans as some sort of populist rant -- but I thought it was mean spirited and absurd. (His primary complaint was that it promoted "bad behavior"... the same could be said about bailing out AIG or Citi group, but we're not going to let our entire economy go down the toilet, thank you very much.)

Santelli very much deserves to be grilled on his stupidity -- and he originally agreed to go on the Daily Show but weaseled out.

Cramer did not.

I guess Rick Santelli was, indeed, rewarded for "bad behavior."