Chicago Sun-Times
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Obama's Gibbs said he "enjoyed" Jon Stewart thrashing CNBC's Jim Cramer

| 5 Comments

WASHINGTON--White House Press Secretary Robert Gibbs said Friday he "enjoyed"
Jon Stewart taking down CNBC's Jim Cramer on his show on Thursday night. And giving an insight into the Obama-Gibbs relationship and what it is they talk about when they talk, Gibbs revealed that he and Obama discussed earlier Thursday watching the show.

Footnote: Gibbs has been scornful of some of the relentless cable output and was gleefully hard on CNBC's Rick Santelli who blasted Obama's home mortgage foreclosure plan.

At the Friday briefing Gibbs was asked, "Does the White House believe that this is the obligation of journalists to call out lies, to warn the public that there are dangers ahead?"

Gibbs said, "the President and I talked earlier in the day yesterday about watching it. I forgot to email and remind him that it was on, so I don't know if he's seen it. I enjoyed it thoroughly -- (laughter) -- despite, even as Mr. Stewart said, that it may have been uncomfortable to conduct and uncomfortable to watch. I thought it was -- I thought somebody 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."

5 Comments

This administration acts very juvenile when anyone isn't in 100% agreement with them. It looks like the Bush administration, somethings never change.

Jon Stewart is a buffoon. When it comes to political insight, he is on a par with David Letterman. Kind of like asking your garbage man for his insight on a medical condition. I don't watch Cramer much, but at least he shows a measurable IQ and has put it to use for more than telling jokes that always line up with the pop-culture beliefs of the politically correct teeny bopper crowd!

The selection of the user name "Herrmannator" alone demonstrates that you are a cretin.

hooray tina!! when gibbs stumbled out of the kerry campaign it was the same deal. they wrap their new-age fumbling in so-called 'idealisim', question it, even in good faith, and your tagged a 'cynic', or the 'old washington'. now they'll talk about college basketball for as long as it's a distraction!

It is ironic that Jon Stewart and a comedy show instead of the regulators or news media had to bring all of this public. Also in Cramers defense he is far less guilty than most of the other financial media for their efforts together with Wall Street, the politicians & incompetent regulators for what has happened.

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See: http://www.facebook.com/group.php?gid=67594690498&ref=ts

Thanks,

Ron with 30 plus years in the investment business and banking industry.


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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on March 13, 2009 3:53 PM.

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