Jon Stewart helped expose the horrific job that CNBC news has been doing during the entire economic crisis. Questions have been asked if they are profiting from it.
I joined a coalition of progressives demanding that CNBC hold themselves accountable and fix this problem.
CNBC should publicly declare that its new overriding mission will be responsible journalism that holds Wall Street accountable. As a down payment, we ask you to hire some new economic voices – people who have a track record of being right about the economic crisis and holding Wall Street executives’ feet to the fire.
Cramer took a beating from Jon Stewart because he had no defense against his actions or the actions of the entire CNBC network.
As soon as Jim Cramer went back to work on Mad Money, he openly mocked The Daily Show by playing a video clip of his appearance on The Daily Show and substituted a clip of Martha Stewart. That shows you how seriously he took Stewart's whole argument. It's just "Business as Usual" with these people. The media barely mentioned one of the most talked about TV spots of the year. Why? Big money, that's why. And Cramer's actions only prove that point.
Aaron sez, "Did you see Jon Stewart's smackdown of Jim Cramer last week? Today, some friends and I are launching an 'Open Letter to CNBC' with dozens of respected economists, journalists, and progressive political leaders demanding that CNBC start holding Wall Street accountable, starting by hiring someone who was actually right about the economic crisis. We're trying to get everyone we can to sign on. When 5,000 people sign the open letter, we'll deliver it to CNBC's headquarters. Will you sign?
And CNBC isn't the only network that should be ashamed.