A war between basic cable personalities has broken out between financial channel CNBC's Jim Cramer and Comedy Central's Jon Stewart.Oh, he 'played nice'! This interview is being hailed stateside as worthy of Edward R. Murrow. WhiteHouse press secretary Robert Gibbs even praised it. So it has exposed the US MSM (which, I would add, the BBC relies on as a journalistic source for the US 'news' they bring you license-fee payers) to justified, scaring criticism.
The skirmish started on 4 March when the Daily Show's Jon Stewart rallied against CNBC for its poor advice to viewers. Part of Stewart's segment included a clip of Mad Money host Jim Cramer making a rosy prediction about Bear Stearns just before the investment bank failed.
Cramer complained Stewart's use of the clip was unfair and and taken out of context. Stewart responded by revealing previous footage of Cramer pumping up Bear Stearns.
The next day, Cramer blasted Stewart on NBC's Today Show and scoffed at Stewart saying the comedian hosts "a variety show". Later, Cramer appeared on MSNBC's Morning Joe where host Joe Scarborough called Stewart out for cherry picking clips to amuse the Daily Show's audience at the expense of Cramer and others. Stewart said Scarborough was not quite correct in his assessment of the Daily Show saying he is more in the business of "turd binding".
The next round of the fight continues tonight at 11pm ET when the Mad Money host will appear with Stewart on the Daily Show Will the basic cable hosts play nice or will they lock horns in an epic duel?