March 13th, 2009
07:20 PM ET
11 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. TJ

    Gibbs is stooping to a level he doesn't realize. At the White House, you should be and are the center of attention. Watching him comment on media circuses is like watching professional hockey players stop the game to watch a fight in the stands.

    March 13, 2009 11:49 pm at 11:49 pm |
  2. Rashmin Perla

    Bravo Jon, Its mighty important someone ask the questions but Cramer is only the small fry yet must be accountable for the calls he made and are now duds. If only other journalist had spine to ask these questions and it took a rank outsider to the economic meltdown to open a new chapter...keep it Jon...we are with you

    March 13, 2009 11:58 pm at 11:58 pm |
  3. KRONK

    Are we playing the blame-game? One simple question: who was driving the bus when it went off into the ditch? This is painful for us all but, if you kids insist on incorridgeable behavior, please find your rightful seats in the peanut gallery while the adults find some way out of a mess far beyond your comprehension. Give your heads a good soak and go to bed. We'll all be the better for it. Reading your comments is like listening to channel 19 on the CB radio twenty-years ago. Have yourselves a nap and we'll start afresh tomorrow.

    March 13, 2009 11:59 pm at 11:59 pm |
  4. Brett

    In Sterwart we trust!

    March 14, 2009 12:04 am at 12:04 am |
  5. Gary

    I really like Crammer and agree with many of his ideas, analysis and positions....but in this case I really agree with John Stewart. Crammer and the business news media, frankly all of the news media failed to predict the housing crisis or the worldwide recession. Conflicts of interest? maybe. Just plain clueless? maybe. Ironically, Bush wasn't the brightest guy but I've seen the news clips of Bush and Paulson and other congressmen and Senators (including McCain) try to warn us about the Fannie Mae issues and potential mortgage crises. It was Chris Dodd and Barney Frank taking money, loans and friends in these banks that poo poo'd the need for tighter regulation. I think we need an independent counsel to investigate Dodd and Frank for bribery and fraud.

    March 14, 2009 12:05 am at 12:05 am |
  6. tjaman

    The Daily Show might win a Peabody for that episode.

    March 14, 2009 12:08 am at 12:08 am |
  7. Jason

    if only john didn't need all the product placement just to stay on the air, he would have a fully decent show, instead of what usually turns out to be only the first segment.

    March 14, 2009 12:11 am at 12:11 am |
  8. No Hillary = No Obama

    If the shoe had been on the other foot and it was Cramer who supported Obama during his Presidential run instead of Stewart, then the Obama people would be coming to Cramer's defense. How self-serving an administration is this?

    March 14, 2009 12:13 am at 12:13 am |
  9. A Very Concerned Citizen

    Why is Stewart attacking CNBC? If anybody is deserving of being blamed for the problems on Wall Street, it's the government! Why isn't Stewart turning his super-powered criticism toward the Obama administration for not cracking down on the evils of Wall Street? Why is he picking on CNBC? Stewart probably loves Obama too much to throw any criticism his way.

    March 14, 2009 12:17 am at 12:17 am |
  10. Cathleen in St. Louis

    Stewart was outstanding in that interview. Whether you consider him a comedian or not, it's difficult not to see that he comes to interviews prepared and that his team thoroughly researches the subject matter.

    It was disturbing to hear how these finanical "experts" manipulated the market with their sleaze-ball tricks and it's even more disturbing that no one has called them out before.

    As for Gibbs commenting on it......that's neither here nor there to me. President Bush spoke with right-wing evangelical preachers every day, listened to Karl Rove, had talking points sent directly to's all part of the dirty business of politics.

    March 14, 2009 12:22 am at 12:22 am |
  11. Paul Clark

    Ron Paul predicted the financial meltdown that we're all experiencing now. It's a shame that he didn't get the nod over McCain. But there was no chance the people were going to vote in another Republican after Bush. He really wounded the Party.

    March 14, 2009 12:25 am at 12:25 am |
  12. Mike


    I think CNN kind of missed the point of the whole Jon Stewart/ Cramer interview. Stewart openly criticized the WHOLE C-NBC network for providing info-tainment at the expense of solid reporting of facts and good investigative journalism. The people there, and other individuals from other networks as well, decided that it was more important to sell advertising space to investment firms and multinational corporations than it was to accurately inform the public about the precarious nature of the financial markets as well as the dubious methods by which many in those industries were accruing wealth. However, instead of reporting on the substance of the argument between Stewart and Cramer, CNN chooses to once again give us a play by play of who one, who lost, and who has the best one liner! Has CNN learned nothing from the Crossfire incident involving Stewart?

    March 14, 2009 12:36 am at 12:36 am |
  13. jagata

    To all those who reference Cramer is a lifelong democrat and that 'they're eating their own' and voting for Obama: If someone litters no one cares if they're blue or red or how they vote, before placing accountability. Well republicans may. But if the economy tanks, then everyone will and everyone knows where that deficit came from.

    Well prepared and good excecution Stewart. Props to Cramer for being there and facing the music, unlike the others. He seemed almost sacrificial to expose the larger lack of media sincerity toward those who support it. Thanks to Stewart for bringing a little of that light back.

    March 14, 2009 12:41 am at 12:41 am |
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