March 13th, 2009
07:20 PM ET
5 years ago

White House approves of Cramer smackdown

Many declared Jon Stewart, right, the victor in his face-to-face with Jim Cramer.
Many declared Jon Stewart, right, the victor in his face-to-face with Jim Cramer.

(CNN) - Jim Cramer's now-infamous appearance on The Daily Show Thursday night even won the attention of President Obama, White House spokesman Robert Gibbs said.

At the White House Daily Briefing Friday, Gibbs said he and Obama had discussed the CNBC host's grilling from comedian Jon Stewart, though he wasn't sure if the president had actually seen it.

But for his part, Gibbs said he "enjoyed it thoroughly."

"I thought [Stewart] asked a lot of tough questions, and I am not surprised that the video of Mr. Cramer's appearance doesn't appear on CNBC's web site today," Gibbs joked.

It's not the first time the White House Press Secretary has mixed it up with a CNBC host. Late last month he called out reporter Rick Santelli over his tirade against the president's mortgage plan.

Related: Stewart seen as winner in showdown with Cramer

"I…think that it's tremendously important that for people who rant on cable television to be responsible and understand what it is they're talking about," Gibbs said then. "I feel assured that Mr. Santelli doesn't know what he's talking about."


Filed under: Popular Posts • President Obama
soundoff (188 Responses)
  1. johnrj08

    What I liked about what Stewart did with Cramer as well as with Tucker Carlson was that he didn't come off as mean or hurtful. He did it with humor. Sure, he was sarcastic and critical, but he didn't go after them personally and his comments always elicited laughs. Well, he did go after Tucker Carlon, but only after Carlson became overtly insulting. He really deserved his shellacking he got from Stewart and it was supremely just for CNN to ultimately cancel Crossfire for doing exactly what Stewart had said it was doing. "It hurts America." Cramer and Santelli are just mouthpieces for Wall Street and big business. That's their purpose on CNBC. Even though it's really entertainment, many investors probably viewed Cramer as an 'insider.' That perception must have led a lot of people to make bad decisions about their investments. Doesn't make Cramer a bad person, but it does demonstrate the poor judgment of CNBC. Too many pundits on television today masquerading as anchors, and not enough news.

    March 13, 2009 05:40 pm at 5:40 pm |
  2. Oh Please!!

    Lets see if I have this straight. A liberal news orginization declares a liberal comedian the winner of a so called debate, praising the commedian for asking tough questions? Nope. Not buying it. Cnn is biased, Stewart is biased , Gibbs is biased , therefore not credible.

    March 13, 2009 05:41 pm at 5:41 pm |
  3. Brian

    Cramer did a great job. Stewart is a jerk.

    March 13, 2009 05:41 pm at 5:41 pm |
  4. JD, St. Louis, MO

    Yet again, we see the White House joyously calling out private citizens. Whether or not the criticism given by Cramer was accurate, it just baffles me that the administration takes these things so personally. Obama must have pretty thin skin. Bush had to deal with eight years of nothing but criticism from most of the media. But you didn't hear him calling out Matt Lauer, Keith Olbermann, Jon Stewart, Katie Couric, and so forth. He probably understood that American citizens, however "public" they may seem because of their position, have the right to criticize the administration. Obama has yet to understand that.

    March 13, 2009 05:42 pm at 5:42 pm |
  5. To be fair

    CNBC got what it deserved, but Jim Cramer did not need to bear the blunt of it all.

    March 13, 2009 05:43 pm at 5:43 pm |
  6. bill

    gibbs best whitehouse spokesman in years.he is smart quick on his feet.obama picked well when he chose gibbs.REFRESHING TO SEE SOMEONE REPRESRNTING WHITE HOUSE WITH TRUTHFULNESS AND DIGNETY.

    March 13, 2009 05:44 pm at 5:44 pm |
  7. mike

    Why does this administration enjoy attacking private citizens?

    March 13, 2009 05:44 pm at 5:44 pm |
  8. Remy

    The media is becoming a joke so It is rather nice to see some one challenging them.
    Hurray John & WH.

    March 13, 2009 05:44 pm at 5:44 pm |
  9. JJ12345

    Lori March 13th, 2009 5:30 pm ET

    We all were laughing Mr. Gibbs. I love Jon Stewart!

    Hey Republicans, the DOW is up again!!! Where is the praise and acknowledgment for President Obama for his leadership. When the DOW is down, it's Obama's fault but when the markets are up, why aren't I hearing Republicans hail the President now??? The GOP- a bunch of hypocrites!!! Ha! Ha!
    ____________________________________________________
    Because it works both ways, are you trying to say that democrats gave Bush credit when the Dow was over 11000

    March 13, 2009 05:44 pm at 5:44 pm |
  10. fogcityguy

    Jon Stewart, a comedian, did better reporting than most supposedly financial reporters ever did. He explained this very well and brought the hammer down on CNBC, rightly so. It was a fantastic show, a must watch regardless of political bias. But to his credit Jim was a good sport, I hope to see real reporting and commentary from Jim Crammer now. Forget the other jokers on CNBC.

    March 13, 2009 05:44 pm at 5:44 pm |
  11. catherine

    Well done Jon. Wonder whether he could have Chris Brown and Rihanna as his next guests. They too need a smack down!

    March 13, 2009 05:45 pm at 5:45 pm |
  12. JJ12345

    MR-TN March 13th, 2009 5:31 pm ET

    I have never been so proud of a journalist in my life!!

    __________________________________________________
    He is not even a journalist, but I do have to agree. He does a better job than the "journalists" that are out there.

    March 13, 2009 05:45 pm at 5:45 pm |
  13. johnrj08

    THIS HEADLINE IS GROSSLY MISLEADING and it should be changed. The "White House" did not "approve" anything. Gibbs brought it up to the President and they talked about the show. Gibbs said he thought Stewart was correct in his comments to Cramer. Gibbs was NOT speaking for the President. When the President comes out on a stage and says "I think Jon Stewart's comments to Mr. Cramer were on the money," THEN you use that headline.

    March 13, 2009 05:46 pm at 5:46 pm |
  14. Gotta Get Better

    Yes, Jon Stewart is my hero also.
    Can we get other shows to actually get information during interviews instead of stroking each others ego???????

    March 13, 2009 05:46 pm at 5:46 pm |
  15. ttofast70@comcast.net

    Republican Accountability-Imagine. Remember, the last 8 years were Clinton's fault. The last 52 days Obama's fault. Ray-Ray, Worried Mom: I hear Chuch Norris is starting his own country. Go there and enjoy.

    March 13, 2009 05:46 pm at 5:46 pm |
  16. Willa

    Nobody can always be right all of the time. In defense of Cramer, he did warn us awhile back about the mortgage crisis and how the subsequent bank failures due to bad loans would impact lending insurors like AIG and send the economy (and wall street) into a tailspin.
    Having said that, I do agree that any speculation about where the economy is headed should be left to the economists and the financial experts who are currently sorting things out. There are too many talking heads who are neither of the above, and their opinions are as good as yours' or mine.

    March 13, 2009 05:46 pm at 5:46 pm |
  17. JJ12345

    bill March 13th, 2009 5:44 pm ET

    gibbs best whitehouse spokesman in years.he is smart quick on his feet.obama picked well when he chose gibbs.REFRESHING TO SEE SOMEONE REPRESRNTING WHITE HOUSE WITH TRUTHFULNESS AND DIGNETY
    ____________________________________________________
    Your kidding right????

    March 13, 2009 05:46 pm at 5:46 pm |
  18. will

    Why didn't Jon Stewart have a problem last fall when Cramer was skewering Bush and McCain??? Jon Stewart, mouthpiece for the government, the great protector of the Obama Administration....

    March 13, 2009 05:46 pm at 5:46 pm |
  19. R in Maine

    Cramer is like most of the conservative "news" people. He believes if he says it loud enough, it must be right.

    March 13, 2009 05:46 pm at 5:46 pm |
  20. Mo

    The whole series has been the most exciting thing in TV since the election. Jon really is about as close as it gets to a voice of the people.

    Funny thing that one rant about CNBC caught on like this, while Jon's everyday punishing of the bozos at Fox News doesn't make any waves.

    How long can Fox continue to dismiss Stewart's criticisms with that catch-all "he's just a comedian" line?

    March 13, 2009 05:47 pm at 5:47 pm |
  21. just today

    the majority of Americans think President Obama is doing a fine job, maybe the rest will catch up some day.

    March 13, 2009 05:48 pm at 5:48 pm |
  22. Justin

    I am puzzled, why are there so many posts on here claiming the white house is attacking a private citizen again....... Cramer and Stewart are both media figures, and the white house only commented on a broadcast by the media..... and as for the first "private citizen" the white house attacked, get a clue. Rush Limbaugh is NOT a private citizen.... private citizens do not get paid millions to spout thier opinions on the radio. If you are in the media as a willing participant, you lose the private ciizen label.

    March 13, 2009 05:49 pm at 5:49 pm |
  23. Chitown Jason

    Jon Stewart once again shows why his show actually is the best in primetime cable news, even though that's not the basis of his show!

    It's comedy, but it's always grounded in truth and, get this – logic – imagine that, which is more than you can say for the pundit shows on not only FOX/MSNBC but many other networks as well.

    March 13, 2009 05:49 pm at 5:49 pm |
  24. Jackson

    Apparently picking on one another is the way to fix our economy and other issues at large...

    CNN is a buncha crap

    March 13, 2009 05:50 pm at 5:50 pm |
  25. JJ12345

    will March 13th, 2009 5:46 pm ET

    Why didn't Jon Stewart have a problem last fall when Cramer was skewering Bush and McCain??? Jon Stewart, mouthpiece for the government, the great protector of the Obama Administration….
    __________________________________________________
    Exactly....

    March 13, 2009 05:50 pm at 5:50 pm |
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