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. joe

    Hedge funds didn't freeze up the credit market. You can't blame Cramer!!!

    March 13, 2009 10:57 pm at 10:57 pm |
  2. Phil Aceo

    It's too bad. Cramer got what he deserved but I think he's basically a nice guy. It's a pity his show is likely going the way "Crossfire" went on CNN. I think it's truly sad that the best investigative reporting lately comes from a show on Comedy Central.

    March 13, 2009 10:59 pm at 10:59 pm |
  3. ChrisinFlorida

    Biased:
    Cramer is not in the opposite party...he's actually a democrat and Obama supporter. And some people who have influence and use it for the wrong means, NEED to be criticized. Debate is what makes a democracy work.

    March 13, 2009 11:00 pm at 11:00 pm |
  4. Sick and Tired

    Stewart has the easy job. Responsible for nothing himself and having 20/20 hindsight to his advantage to go after people. What is so great about that? Anybody can make someone look bad after the fact. You don't have to listen to Cramer and no one should ever take every word someone like Cramer says as gospel anymore than you take what the weatherman says as gospel. Aren't any of you clowns responsible for yourselves anymore?

    March 13, 2009 11:00 pm at 11:00 pm |
  5. Sick of Sick of Dirty Obama

    Everyone is entitled to their opinion. You have every right to indulge in sour grapes over the fact that your party, the buttkissers of Wall Street and Big Business, is no longer in power because they let a lot of this stuff go on that Obama is now stuck with. Furthermore, you have the right to call his administration a failure for not turning around in two short months what has been years in the making. Go ahead. It's your right. All I'm saying is that by engaging in that kind of rhetoric, you're futilely trying to polish the turds that were the Bush Administration and the McCain/Palin ticket.

    March 13, 2009 11:01 pm at 11:01 pm |
  6. Christine

    Jim Cramer has a TV show on which he tries to educate...but that's impossible when the majority of the country doesn't know that reading your ATM receipt is not equivalent to balancing your checkbook.

    Jon is funny but as Jim said- Jon's show is his house and Jim was being respectful in it. Jim is not responsible, people! Your no doc mortgages and high debt ratio are.

    March 13, 2009 11:04 pm at 11:04 pm |
  7. bsmith171

    stewart which is his ALIAS is actually johnathan leibowitz.
    he is a front man for obama like gibbs.

    March 13, 2009 11:07 pm at 11:07 pm |
  8. Matthew C

    Once again this interview demonstrated that The Daily Show, for all their self-anointing as "snake oil salesmen" has shown they do some of the best investigative reporting out there. Under the guise of satire they are not afraid to question the politicos and the media because they feel like they have nothing to lose. Someone doesn't like it, "Hey, we're a fake news show". But when they uncover, as Stewart said, "the commission" of the media in the actions of those they are supposed to be reporting, it begs the question of who we can trust to tell the true story.

    Stewart did say he felt it was unfair for Jim Cramer to become the face of this story and I agree in that a certain amount of kudos needs to go to Cramer for standing up and taking the heat dead on. Cramer admitted earlier on the Martha Stewart show that he was nervous about going on The Daily Show (TDS), as well as he had every right to be – he was walking into the lion's den with a steak around his neck and no one was providing any backup or protection. Where are the others? Santelli sure ran under the covers in a hurry when he was brought under TDS' scrutiny. The others seemed to sit back and watch what happened, at least Cramer "got into it" with Stewart and while he didn't have much to say, aside from being contrite about the whole thing, at least he stood up to take the shots, especially knowing there was no defense. Cramer has an opportunity right now to revisit some things about his own program and can treat this whole affair as a media growth experience. Let's see what he does.

    Jon Stewart and his team, including Stephen Colbert (who did not love Colbert's line about betting $5 on Jim Cramer to make up for the money he lost listening to Jim Cramer....?) continue to demonstrate their penchant for true investigative reporting and their fearlessness in that reporting. Bravo to them!

    It is ironic that we seem to be at a crossroads when CNBC becomes the entertainment and The Comedy Channel become the true journalists.

    March 13, 2009 11:07 pm at 11:07 pm |
  9. Steve (the real one)

    When I heard Cramer got the smackdown, I thought it was that guy from Seinfeld!

    March 13, 2009 11:10 pm at 11:10 pm |
  10. SAW

    It's a terrible shame, that the most even handed news coverage – the most honest JOURNALISM, and the most intelligent reporting if important issues is on COMEDY CENTRAL. What happened to the News? Kudos to John Stewart and Comedy Central for leading the fight to bring back REAL NEWS.

    March 13, 2009 11:12 pm at 11:12 pm |
  11. stevetall

    Now that's entertainment! Calling a spade a spade is what Jon Stewart does, and it's a pretty bipartisan concept. If you can't see that the financial system was manipulated and abused by a bunch of greedy criminals, you should bow out of this conversation right now. The reasonably-educated among us can grasp this. It's not about right and left, it's about right and wrong. Rolling over and letting these weasels slam the ham to the average joe didn't seem like a very good idea to alot of us, but we loved American and we put up with it for 8 years until we could elect a sharper bunch of individuals.

    Judging by some of the freaked out Obama-hating responses, I am reminded once again of the terrible condition of our educational system. I'd be amazed that some of you can even tie your own shoes! Some of you are sounding fairly mentally disturbed when talking about your president. You should consider changing your mind-set to "loyal opposition" instead of "anti-American sedition". Look it up. It's what Limbaugh does and FOX flirts with. Considering the success of the Bush years, we were so overdue for a smart guy to be in charge. If this scares you, I apologize. So, shut up and let us fix this, then later we can elect some moron sometime in the future and screw it all up again. No problem.

    Honestly, folks. It's going to take all of us pulling together to show the world that America is as great as we know it is. That means commitment, loyalty, sacrifice, whatever it takes. Grow a pair and let's get this thing done! As always, it's "lead, follow, or get out of the way."

    March 13, 2009 11:12 pm at 11:12 pm |
  12. Pat MN before, AR now

    Thanks to Jon Stewart for saying the things on TV that I have said while watching some of these people blather on TV like Cramer. Thanks for telling him how angry "we" all are with them toying with our pensions and retirement funds. I worked for mine, I didn't play with others' money. Wealth is work and it's about time the whole process got turned around like it should be. Thanks, Jon.

    March 13, 2009 11:14 pm at 11:14 pm |
  13. Danny Corrigan

    I can't believe the comments I read from the conservatives upset that they feel Obama is "going after" people who don't agree with him. Is it possible they really can't remember the Bush administration strategy of calling anyone who disagreed with them TRAITORS? But then again, these are the same people who see as the two top experts on conservatism and morality an admitted DRUG ADDICT and a PHONE SEX PERVERT.

    Actually, now that I think about it, I'm not surprised at what they write after all.

    March 13, 2009 11:16 pm at 11:16 pm |
  14. earl

    Not impressed by Whie House spokes person commenting on tv personalities. that's tacky and beneath the office as well.

    March 13, 2009 11:16 pm at 11:16 pm |
  15. FriarTuck

    Stewart is so brave speaking truth to power. On his show it's all canned laughter from his trained seals.

    He's a doctrinaire socialist whose on record as saying America was not a democracy (2005) and predicting the total failure of the surge in Iraq in 2007 (see his interview with Bill Kristol).

    He all for going after Wall street fat cats but what about the Democratic legislators and governments that protected and coddled Feddie and Freddie Mac.

    March 13, 2009 11:18 pm at 11:18 pm |
  16. Frank D

    The truth remains the truth, whether spoken by a talk show host, a renowned journalist, a comedian, the white house, a republican or a democrat. Stewart spoke the truth and asked tough questions which exposed deep rooted pretenses and hypocrisy.

    March 13, 2009 11:19 pm at 11:19 pm |
  17. Arsene

    Major Kudos to John for calling Cramer out on his rubbish, I can only hope that these tough examinations of media people's actions become more and more frequent!

    March 13, 2009 11:23 pm at 11:23 pm |
  18. GuyInVA

    Gibbs lacks the stones to fight his (the White House's) battles, so he uses TV personalities. Begala, Carville, Stephanopolous, etc. But John Stewart? On a faux news show. Gibbs attacks Rush Limbaugh from his bully pulpit and then decides John Stewart has some sort of journalistic credibility? Kind of like how they can't pay attention to the gyrations of the stock market (it's like a tracking poll, you see), until it is up, of course. Then the economy doesn't appear to be as bad as we thought. Whether you agree with the administration or its critics, their reaction to criticism and their childish sniping is pathetic.

    March 13, 2009 11:24 pm at 11:24 pm |
  19. kilchis

    Isn't about time that people stopped sneering when they say "Liberal"? for those of you on this side,using such terms as "Repugs" doesn't help with communication either. C'mon,we're Americans.we can disagree logically,reasonably and not resort to name calling and sarcasm. None of that changes a person's mind. Let's get civil and put this country back on track.

    March 13, 2009 11:26 pm at 11:26 pm |
  20. Anonymous

    John Stewart won! Of course... this is CNN!

    March 13, 2009 11:28 pm at 11:28 pm |
  21. Kathy

    The other day my radio station faded out. I turned on talk radio and listened to Rush and Laura Ingalls. I couldn't believe it. People listen to this rubbish. Do those listeners even have a grade-school education? So to those who listen to Rush and Laura and the idiots on CNBC and Fox, try Stewart. He makes sense. He lets the other guy talk. Rush and Laura and Kramer are the clowns. I think Obama is right on when he says our education system is in a mess. I think media badly needs a wake up. We deserve journalists, real ones (even CNN). Pundits are okay when used sparingly. Too bad we can't get the news on cable unless we go to Comedy Central.

    March 13, 2009 11:32 pm at 11:32 pm |
  22. look at history

    read "the Forgotten Man" it's about the great depression. The insight into some of the different viewpoints we read and hear is enlightening. We need to learn from our past and not re-live the bad things (and both sides have a lot to learn).

    March 13, 2009 11:33 pm at 11:33 pm |
  23. mick in HNL

    Cramer said he will do a better job. Lets see what happens.

    March 13, 2009 11:45 pm at 11:45 pm |
  24. Peter

    Jon Stewart is a comedian, nothing more

    March 13, 2009 11:46 pm at 11:46 pm |
  25. marty

    I wouldn't give a nickel for either one of them. They both are serving their own best interests and not those of the common American.

    March 13, 2009 11:47 pm at 11:47 pm |
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