March 13th, 2009
07:20 PM ET
9 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

"Iā€¦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. Tinu

    for: GLOGO, your comment is so fake. Its unbearably obvious that you voted and cheerleaded republican in the election, and here you are, pretending to be a disappointed obama voter, hahaha. By the way, so much for calling Obama a fraud; check the stock ticker, its climbing way too uncomfortably fast for any republican politician to accept as credible. Watch DaRock Obama's strategy drive up the stock market in the coming weeks. Cheers for USA.

    March 13, 2009 05:50 pm at 5:50 pm |
  2. Cathy Brandes

    To Brian,
    Jim Cramer is the jerk – not Jon Stewart! Mr. Cramer's constant screaming is way over the top. Until the likes of Ann Coulter, Rush Limbaugh, Jim Cramer, and so on and so on and so on understand that the constant barrage of false information is unwarranted, this calling out will continue. I am all for constructive criticism but these people do not offer anything constructive.

    March 13, 2009 05:51 pm at 5:51 pm |
  3. Jim

    That show was amazing last night, I really wish John Stewart would run for office or atleast get another show, he deserve's so much credit the guy is brilliant. I felt bad for Cramer but something had to be said about wall street and I commend John for standing up!

    March 13, 2009 05:51 pm at 5:51 pm |
  4. Chitown Jason

    will –

    If you've watched the Daily Show, you'd know that Stewart has called out Obama several times already too.

    But someone like O'Reilly told you he was Obama's BFF so you believed him – good job, way to wear blinders.

    March 13, 2009 05:51 pm at 5:51 pm |
  5. Tom in Delaware

    This Administration has really turned into a three ring circus and there's no shortage of clowns.

    The personal attacks on individual citizens began with Joe the Plumber and it looks like there's no end in sight.

    That's change you can believe in.

    "Resistance is futile" says the Borg Queen.

    March 13, 2009 05:51 pm at 5:51 pm |
  6. JJ12345

    Willa March 13th, 2009 5:46 pm ET

    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.
    So that would include President, Vice President, President Pelosi, and Vice President Reid

    March 13, 2009 05:52 pm at 5:52 pm |
  7. marquis

    FYI for people saying President Obama is attacking private citizens for their comments. If you are an "on-air" personality. You are NOT a private citizen. A private citizen is a citizen who prefers to remain private with their opinion or express their opinions without monetary compensation. Cramer nor limbaugh are private citizens!!

    Its these financial gurus along with Banking CEOs that help create this storm. Why would the White House NOT hold them accountable for the things they said/say and did/do that help create a detrimental atmosphere to the American economy?

    March 13, 2009 05:52 pm at 5:52 pm |
  8. GenTwelve

    Keep your comments and focus on the job Mr. President. I doubt that many people care about cable shows as they relate to the nations problems. Unless you use the media as a tool to go after your enemies.

    Keep on working on spending our money as it's the best thing your do.

    March 13, 2009 05:52 pm at 5:52 pm |
  9. Hey BIG Spender

    All Obama has done is spend while he has been in office,there is nothing impressive about that. John Stewart is funny but if he weren't agreeing w/ the Obama Admin would they be attack ing him too?

    Donesn'y Mr. Gibbs and Obama have more important thinsg to do?

    March 13, 2009 05:54 pm at 5:54 pm |
  10. Lisa

    Thank goodness for the conservatives on this thread, who remind us that a president in office for less than two months is wholly responsible for an economic meltdown four years in the making - and whose ilk railed on at length about how a president in office for nine months had absolutely nothing whatsoever to do with a brutal terrorist attack within our own borders.

    God Bless America.

    March 13, 2009 05:54 pm at 5:54 pm |
  11. JOE

    I hope you all lose the rest of whats left in your 401k. Consider this the market has lost more since Oct then it ever has. Go Obama evry time you talk I sell my stocks. Then the next day you talk I buy them even lower.Good for Jon Stewart you punked Cramer Wow. Now go make a joke.

    March 13, 2009 05:55 pm at 5:55 pm |
  12. BoboBrazil

    Our dear leader should have done a better job vetting Robert Gibbs! I still find it amazing Gibbs has not resigned after the Santelli debacle. Santelli has been down in the Chicago pits for yrs. and has the cred! This yeahoo is 'confident' he doesn't know what he's talking about? Egads! Where is Dr. Kevorkian?

    March 13, 2009 05:55 pm at 5:55 pm |
  13. skkywlk

    Gibbs should maybe look at Obama's own Treasury Secretary when he's accusing people of not knowing what they are talking about. The guy is as clueless as the rest of the folks in Obama's Administration.

    March 13, 2009 05:55 pm at 5:55 pm |
  14. Butch Dillon

    The perception of Jon Stewart maybe that of a comic, but he is a very bright and articulate individual. Cramer, with his rolled up sleeves, hard working persona fell as flat as he is stupid. Congratulations to Jon for thrashing the idiot senseless in the public sphere.

    March 13, 2009 05:56 pm at 5:56 pm |
  15. S Callahan

    i saw clips of this early am....someone has to ask the questions...maybe now Mr. Stewart qualifies to testify his questions and answers to Congress so that THEY understand what the average American is thinking and questioning!

    March 13, 2009 05:57 pm at 5:57 pm |
  16. Surprised

    Anyone that will support those DOW killing policies has to be shown love.

    March 13, 2009 05:57 pm at 5:57 pm |
  17. Chuck

    Hey, worriedmom:

    Your criticism is misplaced, isn;t it? You lost a ton of money, not because of the "chosen one" but, more accurately, because of the administration of "Cheney/Bush' over the past several years. Reflect on that, for a minute.

    March 13, 2009 05:58 pm at 5:58 pm |
  18. boered1

    worried mom can you explain how you lost money due to the President of the US? I know that the radical religious right has long been in reality denial but PLEASE explain how a destroyed economy under bush and the rest of the radical religious right is President Obama's fault. (and for those who do NOT think the economy was destroyed by the radical religious right answer this, the GOP has controlled the White House for about 75% of the time since 1968 (28 years out of 40) they have controlled the Congress for over half the time (24 years out of 40) so how is this the dems fault? I guess you would ahve to say it is their fault because, even tough they have been in control less than half the time they are better at getting things done maybe?) So to get back to the original question how can President Obama be the cause of your bad investments? I know that when I saw the economy starting to really tank (Oct of last year) I moved my money and have actually made money even though the radical religious right destroyed the rest of the economy. President Obama has been in office less than 60 days, he has started to clean up the mess left in Iraq, Afghanistan, china, North Korea, Iran, Palestine, and oh yeah fix the economy all without the support of ANY member of the radical religious right and because, in less that 2 months he has not made back the money you lost by listening to the supply side voodoo economics of the radical religious right you blame him!


    On topic now I watched the smackdown given by jon Stewart last night, fantastic job too bad the radical religious rightwing controlled main stream media (look it up folks most of the media is OWNED by the right, even though they put left talking ehads on so they can say it is leftest, it is owned and the conversation is determined by the radical religious right!) has not done their job since oh about 1977 and it has to be left to a comedian to ask the right questions and actually probe the causes and point out the guilty.

    March 13, 2009 05:58 pm at 5:58 pm |
  19. Mike

    I watched the interview, and I think that Stewart was right on with his criticism. And Gibbs' statements were right on as well.

    With cable TV having to fill hours 24×7 in such a way as to get ratings, there is all the incentive for their personalities and performers to say and do more and more outrageous things.... mainly in their attempts to attract an audience. That's ok for entertainment, but the problem is when it starts negatively influencing our economy and our confidence as a nation.

    I think that the message that was delivered last night is that, TV performers, you can do what you like, but be prepared to be held publicly accountable if your actions or statements are irresponsible or hurtful. I could not agree more with that message.

    March 13, 2009 05:58 pm at 5:58 pm |
  20. John

    BoboBrazil March 13th, 2009 5:55 pm ET

    Our dear leader should have done a better job vetting Robert Gibbs! I still find it amazing Gibbs has not resigned after the Santelli debacle. Santelli has been down in the Chicago pits for yrs. and has the cred! This yeahoo is 'confident' he doesn't know what he's talking about? Egads! Where is Dr. Kevorkian?

    Is that cred or meds?

    March 13, 2009 05:58 pm at 5:58 pm |
  21. Tina

    @ worriedmom:
    1. did you watch the interview? John Stewart asked the questions that should have been asked a long time ago. And Cramer admitted to having heads of companies on his show who he knew for a fact "lied through their teeth" yet they were touted as truthful on CNBC. Where's the NEWS in that?
    2. How has Obama cost you money? he's been in office for, wow, 2 months. Please explain.
    Thank you.

    March 13, 2009 05:59 pm at 5:59 pm |
  22. George

    Mike says: Why does this administration enjoy attacking private citizens?

    This is what you call an attack? What do you call exposing a Secret Service Spy because her "private citizen husband" disagrees with you? I would advise you to reflect on the past before you author thoughtless remarks.

    March 13, 2009 05:59 pm at 5:59 pm |
  23. Canadian Guy

    Why did Cramer keep his cool so? Think about that. The guy and CNBC should be investigated for pushing certain stocks!!! This story ain't done!

    Everyone on TV nowadays is a puppet. Need to worry about the boss, the network, the sponsors, the political allegiance etc etc. Only 2 I know of with integrity and guts are comedians Stewart & Colbert. Shame to America!

    March 13, 2009 05:59 pm at 5:59 pm |
  24. Joanna

    GLOGO March 13th, 2009 5:40 pm ET "Am I the only one who thinks the Obama administration should maybe focus on their laundry list of promises before worrying about what the entertainment business is doing? Gibbs and Obama have already proved to be a fraud, only 2 months in"

    Wow! Lots of Obama bashers on this thread....well, it is Friday the 13th so I guess that would explain the trolls.....

    GLOGO, go crawl back under your bridge!

    President Obama has been in office, AS YOU SAID, barely 2 months and he's supposed to fix everything already??? Grow UP......I'm sure he'd love to wave a magic wand and instantly undo the damage of the last 8 years+, but that's not reality. It's going to take years to reverse the Republican train wreck of the last decade.

    March 13, 2009 05:59 pm at 5:59 pm |
  25. Kevin

    I wonder what the White House feels about the most recent episode of Grey's Anatomy? Heaven forbid Obama actually govern. . .sits and watches TV waiting for the next speech to pop up on a Teleprompter while the disaster known as the Democratic congress continues its three-year dismantling of our economy.

    March 13, 2009 06:00 pm at 6:00 pm |
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