Blogs and Stories

Tucker  Carlson

How Jon Stewart Went Bad

BS Top - Carlson Stewart 174 Jason DeCrow / AP Photo There is a virtual ban on criticism of him in the press. Uncritical praise corrupts absolutely.

Jon Stewart’s recent attack on CNBC’s Jim Cramer was so brilliantly performed, so smoothly produced and cruelly compelling, almost nobody noticed that it didn’t make sense. The climax came as Stewart put up a number of grainy clips of Cramer describing how to artificially (and unethically) depress a company’s stock price. The video was damning. Cramer looked sweaty.

Stewart summed up the significance of what Cramer had said on the tape: “You can draw a straight line from those shenanigans to the stuff that was being pulled at Bear and at AIG, and all this derivative-market stuff,” he said sternly.

I can still picture him standing outside the makeup room, gesticulating as the rest of us tried to figure out what he was talking about. It was one of the weirdest things I have ever seen.

Except that you can’t draw any such line. In the video, Cramer hadn’t mentioned derivates or securitized loans or credit-default swaps, or any of the other exotic financial instruments that caused the fall of AIG and the current recession. There’s no evidence that Jim Cramer had anything to do with any of that, and Stewart didn’t offer any.

Before Cramer could defend himself, Stewart moved on to a new charge: Cramer and his colleagues at CNBC had known that the financial sector was in imminent danger of collapse, but had pretended otherwise—a ruse that Stewart described as “disingenuous at best and criminal at worst.”

This was even more farther-fetched. A ratings-hungry TV network had the scoop of the decade but decided to sit on it? Why? In order to curry favor with soon-to-be-disgraced corporate executives? It didn’t make sense.

No matter. Cramer was almost incoherent by this point, cringing and apologetic. Stewart was becoming furious. “I understand you want to make finance interesting,” he said, “but it’s not a fucking game. And I, I, I—when I watch that, I can’t tell you how angry that makes me.”

Cynics might assume that the fury was a pose. Humor requires ironic detachment, and nobody as funny and sophisticated as Jon Stewart could possibly be getting that mad on TV over something so abstract. A fair assumption, but wrong. Stewart really was enraged. It was all entirely, strangely real.

Back to Top
March 18, 2009 | 7:27am
Facebook
|
Twitter
|
Digg
|
|
Emails
|
print
Comments ()

This comment has been removed by The Daily Beast's editors.

|
|
Reply
|
8:13 am, Mar 18, 2009

RODERICK098

IS IT POSSIBLE THIS OOOOO SOOOOO HARD WORKING JOURNALIST HAS BEEN CANNED FROM THIS SITE. WHAT WONDERFUL WORLD IT WOULD BE IF THAT WERE TRUE-NOTHING FROM HIM THE ENTIRE MONTH OF APRIL

|
|
Reply
8:19 pm, May 3, 2009

Ottoheinz

The big problem with this article is that John Stewart is a really good joking reporter and Tucker is a really bad joke of a reporter. You're about 5 years late on this article, bucko. You should've taken your revenge back in '04. The other thing you should realize, Tucker, is that John Stewart didn't make a fool out of you....YOU MADE A FOOL OUT OF YOU. Why you still have a career is a mystery to me...

|
|
Reply
5:21 pm, Jun 2, 2009

christoph

AS PER TUCKERS "BOW TIE" AS I UNDERSTAND IT THERE IS SOME CONFUSION FOR THE NECESSITY OF IT .
FROM A FASHION SENSE ... A TIE WOULD NOT COMPLIMENT THE LINE OR SILLUETTE OF TUCKER CARLSON... BECAUSE IT WOULD LOOK AS IF... SO ANYWAY I USED TO LISTEN TO DON IMUS LIKE CAN WE DISCUSS THIS FURTHER

|
|
Reply
5:54 pm, Oct 27, 2009

Chris Nisco

How can you accuse Jon Stewart as being pompous have you watched any clips you are in? You sound like the biggest pompous ass I have ever listened to and the daily show is on Comedy Central the channel that is bringing the world Larry the Cable guy's new stand-up act. To hold the Daily Show up on a some high pedestal to ask hard hitting questions to politicians isn't his job that is your job.

|
|
Reply
7:37 am, Jan 31, 2010

scott1607

Tucker Carlson making observations on someone else being a prig? Delicious!

|
|
Reply
8:21 am, Mar 18, 2009

EdinNJ

Was there anything more predictable than Tucker Carlson, still stinging from being call a d*ck all those years ago by Stewart, rushing to Cramer's rescue?

Wow, once a d*ck, always a d*ck

|
|
Reply
8:27 am, Mar 18, 2009

Doomba

Stewart isn't a comedian anymore. He's a media critic, and a good one.

Television journalism has been terrible for an extremely long time which is sad because it doesn't have to be that way. Video can be so compelling and convey just as much information as a newspaper article if done right.

It always disgusts me when a TV personality tries to stick up for their shoddy work, but I guess you can't blame them. What else are they going to do?

|
|
Reply
8:28 am, Mar 18, 2009

Holywriter

"Cramer hadn't mentioned derivates or securitized loans or credit default swaps, or any of the other exotic financial instruments that caused the fall of AIG and the current recession. There's no evidence that Jim Cramer had anything to do with any of that, and Stewart didn't offer any."

That's because Stewart was making a point, likening the behavior. He wasn't directly saying Cramer caused the current crisis.

And I'll make the same point to you that Stewart made to you five years ago: He hosts a comedy show, not a news show. Interesting you work for MSNBC and you're defending CNBC. Also interesting that you're writing this slam piece against the person who is most responsible for Crossfire finally being canceled.

|
|
Reply
8:31 am, Mar 18, 2009

AndreainNY

Jon Stewart is just another political mouthpiece who doesn't have the guts to run for office. Instead he uses his talk show as his bully pulpit.

Just another Rush Limbaugh -- except Rush knows that he's just a talk show host.

|
|
Reply
8:34 am, Mar 18, 2009

This comment has been removed by The Daily Beast's editors.

|
|
Reply
8:36 am, Mar 18, 2009

lastcookie

Get with the program Tucker, the same old carping doesn't get it with viewers. Stewart got to the point and spoke for a boatload of people, asking the questions they wanted asked. You wish you had a point.

Cramer deserves to be the object of these inquiries. Common to both of you is an overabundance of self-importance.

|
|
Reply
8:46 am, Mar 18, 2009

emeflag

Jon Stewart plays the role of court jester for America's political leaders. As often happened in the kings' courts in Europe, it was only the court jester that could expose the delusional beliefs held by the king through use of humor and satire. Any others would have their heads cut off for daring to expose the king. I find the Daily Show throughly entertaining and one of the most relevant programs on television. Where else can you find a program that exposes so much hypocrisy by our so-called leaders and laugh about it. Go get'm Jon.

|
|
Reply
8:55 am, Mar 18, 2009

politico83

Stewart has taken shots at democrats as well as republicans (see the coot off with Senator Byrd or his criticism just this week of the plan to put vets on private insurance that came from the white house) though, yes, republicans get it more. To be fair though, especially through the Bush years, republicans really had it coming. They still do, given that they only have "the power of no" with no real functional alternatives.

Just sitting in the cheap seats and shouting "you're doing it wrong" seems rather silly given how badly they ruined the economy between 2000 and 2006 when they ran the show entirely. I'm pretty sure it wasn't democrats who gave away 3 trillion in tax cuts primarily to the rich in 2001 or hundreds of billions year after year to insurance companies with the medicare add ons. If you're going to complain about balance, it might be a good idea to tell the party on the right to stop being self satire. Between Sarah Palin, Republicans in congress post election and Michael Steel/Rush Limbaugh it's like an all you can mock buffet.

Also Jon Stewart made none of the exact claims you are pointing to. He did not say that "fomenting" and other shenanigans are linked to AIG, but they are part of the larger picture of what is currently plaguing our economy. He also goes into depth on the 30 to 1 leverage which CNBC knew about but did not report on extensively. You're also wrong about CNBC and journalism, they are not there to report news, they are there to keep financial viewers. Long exposes on the evils of credit default swaps are less likely to interest stock traders and executives then stock picks and superficial market news, they were acting in their own interest putting the truth under the rug and they almost certainly knew it.

|
|
Reply
9:01 am, Mar 18, 2009

Johnnorth

Tucker Carlson is very brave to dare to fault Jon Stewart who once upon a time made us laugh a lot in the Bush years and is now that deadliest of things - a comic who takes himself seriously and doesn't know enough to make his questions interesting or revealing.

|
|
Reply
9:02 am, Mar 18, 2009

ajsuarez

While I'm a Stewart fan, I have noticed the trends Tucker brings up, and they are unsettling. If you are going to turn your show into a platform, "being a comedy show" does not exempt you from criticism.

Jon, I really love your work, and I think it matters. But my respect for you would be even higher if you applied your critical eye to the left as well as the right. Challenge us!!

|
|
Reply
9:04 am, Mar 18, 2009

Wittgenstein

Pathetic. Cramer's smarter than you. At least he realized what Stewart was talking about. I bet he won't be still trying to defend himself years later.

|
|
Reply
9:09 am, Mar 18, 2009

mjayers

Tucker has about as much credibility as my left shoe. In writing this article, he's essentially broadcasting his long-held bitterness for Stewart. Way to go, buddy!

|
|
Reply
9:10 am, Mar 18, 2009

ohcrap-notagain

The only thing that's changed since Tucker lost a battle of wits with Jon Stewart are the lead-in shows.

|
|
Reply
9:13 am, Mar 18, 2009
Leave a comment

Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.

View Comments

How Jon Stewart Went Bad

by Tucker Carlson

Info
RSS
Tucker  Carlson
Emails
|
print
Single Page
|
text
-
+
Facebook
 | 
Twitter
 | 
Digg
 |