Wednesday, March 11, 2009

Stewart/Cramer: A Really Big Deal

The Jon Stewart/Jim Cramer feud is a huge deal as an example of the left media expanding its offensive against the various little pockets of conservative commentary. It used to be claimed that liberals have "no sense of humor," but that's one cliche that has faded into the night as liberal humorists like Jon Stewart and Stephen Colbert became more prominent. Sarah Palin was taken down almost single handed by Tina Fey and Saturday Night Live.

Since the election of Barack Obama, the liberal media has begun to focus on ridiculing Obama's conservative critics ranging from Michael Steele to Rush Limbaugh to the absurd "Going Galt" movement among right-wing bloggers. Following in the wake of CNBC's Rick Santelli's rant against Barack Obama the other week, Jon Stewart's attack on CNBC and Jim Cramer takes the liberal media offensive up another notch. Like the military sector, business reporting has been a fortress of conservative views for decades and Jim Cramer is a business media star at CNBC ("In Cramer We Trust"). In ridiculing Cramer's crummy advice during the Wall Street collapse, Jon Stewart is opening the whole can of worms associated with the business media--the craven CEO worship, the focus on short-term profits, pumping for leveraged buy-outs, cram downs of pension cuts on employees, and anti-union perspectives.

In other words, liberal ridicule is probably the best thing that ever happened to the business media.

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