I swear every time some analyst from CNBC opens their mouth, the most unbelievable, nonsensical bullshit comes out.  Its so bad I’m beginning to think that CNBC stands for Can Not Build Credibility. If you think back to the beginning of July, you’ll remember that Jim Cramer blew his own trumpet and said that he had rightly predicted the housing slump was over.  A few months before, Cramer said the housing slump would end in June.  Now, I know I’m no financial wizard, but even I know that before you claim your predictions are true, you wait for a few months to make sure its not just a fluke.  So what happened?  Home sales were back down in July.  You’ll also remember that good ole Cramer was the one that said Lenny Dykstra was a financial genius.  That turned out to be a lovely proclamation. But enough about Cramer, let’s talk about Maria Bartiromo and her idiocy on Morning Joe last week.  Matt Taibbi from Rolling Stone was on and he was talking about his article about why in order for Health Care Reform to mean anything, a public option is necessary.  Well, Bartiromo decided to jump into the conversation.

I hear the argument that Bartiromo made all the time from people trying to talk bad about the Public Option.  “The U.S. has the best facilities, best doctors and best medicine.  There’s nothing wrong with our Health Care System.”  This is such a non sequitur.  Just because we have the best doctors, facilities and medicine doesn’t mean the system itself is good.  As Taibbi points out, what’s the point of having the best medicine if its not available to everyone.  Bartiromo mentioned some cancer medicine that those in UK can’t get and immediately I thought “The same thing happens here.”  This is what pisses me off the most about those that argue against “government run health care.”  The alternative is “insurance company run health care.”  Just about everything in the government plan is in some shape or form in current private insurance policies.  All this “reform” is really doing is giving people yet another OPTION to choose from.  If you think the government plan is so bad then guess what?  You don’t have to use it.*  But I guarantee you those without insurance will love it because its better than nothing. *I just want to say that I went over to the Hip Hop Republicans website and they had some 20 year old trying to explain parts of the bill.  Well, this is a clear reason why you don’t have a 20 year old try to tackle a bill.  He pointed out a section on page 16 that states that new enrollees into private insurance companies won’t be allowed after 2013.  The problem is, he didn’t read the whole bill.  Later on in the Bill it clearly states that those who wish to opt-out can participate in a Health Insurance EXCHANGE.  The bill actually extensively lists out the criteria for the exchange.  Silly things like ensuring it’s affordable and that it can’t drop people with pre-existing conditions.  It really stems me when I see someone read something with such horrible comprehension skills.

For someone that got lambasted on cable television for 20 straight minutes, had that assualt video taped and available for millions of people to watch over and over again, Jim Cramer sure seems to not have learned his lesson.  I think I finally figured out what makes the media so special ( and consequentially bad) in this country.  They are completely disassociated from reality.

“It was a complete and utter ambush,” Cramer said in an interview with The Lantern. “He told my staff that it was going to be fun, convivial, no clips, but [it] doesn’t matter, he’s a comedian, he can do whatever he wants.”

Okay, Cramer and Stewart had been having a back and forth thing going on for a few days and Cramer had been on Morning Joe basically downplaying Stewart’s knowledge and grasp of the economic situation in this country.  When Cramer accepted the invite to come onto the Daily Show…what the hell was he expecting?  A discussion about Michelle Obama’s J Crew wardrobe?  A debate over what the Obama’s should be getting for a dog?  I mean those hedge fund clips came out the day before the interview and Cramer didn’t think that Stewart was going to ask him about that?  Also, stop saying he’s just a comedian because if that was the case and it wasn’t really that big of a deal, Cramer wouldn’t be bitching about it a month after the fact.  Yes, everyone knows Jon Stewart is a comedian…but he also has writers and researchers that make Cable News Shows look like the morning announcements your junior AV class put together back in High School.

“Was it a fair fight? No, it wasn’t even a fight. I came on with the idea of taking a high road approach and discussing the issues, obviously [Stewart] came on strictly to try to humiliate me,” Cramer said. “It was brutal. Was he stand-up? Absolutely not. Did he comport himself as a gentleman? Hardly. It was a deposition; he wants to be a prosecutor.”

Well what do you know…the comedian asked you some tough questions about a serious topic that is on everyone’s mind.  Who’d thunk it?  Stewart’s original “attack” against CNBC was not that they were responsible for the financial crisis but that due to lack of journalistic responsibility and the desire to add entertainment value to their shows, that they didn’t step up to the plate and see what was going on.  I don’t want a fair fight in journalism…I want the truth.  That means hurting some people’s feelings and not falling over yourself to be nice and friendly.  Hey, maybe if CNBC did that they wouldn’t have been asking Allen Stanford how fun it is to be a Billionaire and instead been digging through his records to uncover the fact that he was screwing people out of their money. And Stewart didn’t have to try humiliate you Cramer…you did that all by yourself.

“I think that people who watch ["Mad Money"] know that the show that I do is very different from the show that the critics say it is,” he said. “I think that Jon Stewart has never seen my show, ever.”

Cramer said that while “you can pick any single clip to make people fib,” Stewart could have also shown clips of some of Cramer’s correct predictions.

“Those are the calls that I care about, but they’re not gonna mention those calls – that would make me look good. It’s nobody’s interest to make me look good,” he said.

That’s because your bad picks were so bad and so far off that it was damn near criminal.  If a doctor performs 1000 successful surgeries but his last 5 involved him making mistakes like snipping the wrong nerve endings and leaving his patients crippled for life, what do you think everyone is going to talk about?  Cramer personally vouched for Bear Sterns and other companies that were later shown to be financially unstable.  Just a little bit of probing or question asking would have at least given him pause before making such claims.  But again, that would require doing real work.

“It was a 20 minute interview, he picked the worst eight minutes to make me look as horrible as possible. It’s his show, he can do whatever he wants. If he comes on my show, it’ll be a fair discussion, but he’s not gonna come on my show, because he’s all about his ratings numbers,” he said.

Ummm…no moron.  While the interview had to be edited for the allocated air time, the entire uncensored/unedited interview was up on Comedy Central’s website.  As a matter of fact, I linked to them all.

Bottom line:  Jim Cramer should stop bitching.  He lost.  Yeah, his show might still be on but I really doubt his ratings are up.  Its clear that he didn’t learn his lesson.  Instead of bitchign about how the “big bad comedian” hurt his feelings, how about he try addressing the many valid points Jon Stewart made?  I mean this is pathetic.  Jim Cramer doesn’t seem to understand that even though it was a harsh interview, Stewart tried to give Cramer some credit for being a smart guy.  He told him he doesn’t need the gongs and the rubber chickens and all that other idiotic crap.  Guess this moron isn’t going to listen.

It’s Kriss, Ryce and Hollywood Kedi in the studio. A wide range of topics are covered. First up, promoting failures at work and Kriss’s belief that a College education isn’t for everyone. Then the AIG bonus outrage. Seriously, as President of the United States, how can you say your hands are tied. It can’t be that hard to find who these bastards getting our money are. The NBC chief Executive finally comes out and comments on Jon Stewart’s criticism of CNBC and Jim Cramer and of course…he doesn’t get the point. Then the topic changes to religion and the Pope’s comments about condom use increasing the HIV/AIDS epidemic. Kriss explains his problem with the Pope and religion in general.

There’s a problem with getting the show on iTunes for new subscribers. If you already get the show on iTunes you’re fine but if you’re looking to find us in the iTunes store it’ll probably be a couple of weeks until we’re back up and running. You can manually add us to iTunes by going to Advanced->Subscribe to Podcast and then add this url. We’re looking for writers for TheInsanityReport.com and guests for the Insanity Check Podcast. If you are interested, email us at InsanityCheck@theInsanityReport.com. Also hit us up if you’re good with graphic designs or music production (we’re looking for a new opening for the podcast). Join the Facebook Group for weekly updates on Facebook or follow us on Twitter.

The biggest story of the week was the climax of the Jon Stewart/Daily Show vs Jim Cramer/CNBC battle. Well, that came to fruition Thursday night and it clearly wasn’t even a close fight. Kriss and Dylan play a few clips from the interview and discuss why Jon Stewart has become a voice for the people. Tucker Carlson apparently doesn’t appreciate Jon Stewart’s brilliance, but that’s probably because Stewart was integral in getting his show canceled. We play the clip from Stewart’s appearance on Crossfire as well as part of Stephen Colbert’s performance at the White House Correspondent’s Dinner. Other topics include DC’s HIV rate and women that claim to be independent but are really just too picky.

There’s a problem with getting the show on iTunes for new subscribers. If you already get the show on iTunes you’re fine but if you’re looking to find us in the iTunes store it’ll probably be a couple of weeks until we’re back up and running. You can manually add us to iTunes by going to Advanced->Subscribe to Podcast and then add this url. We’re looking for writers for TheInsanityReport.com and guests for the Insanity Check Podcast. If you are interested, email us at InsanityCheck@theInsanityReport.com. Also hit us up if you’re good with graphic designs or music production (we’re looking for a new opening for the podcast). Join the Facebook Group for weekly updates on Facebook or follow us on Twitter.

I hope the Fox News, MSNBC and CNN producers, pundits, analysis, reporters, interns and everyone else was watching last night.  Jon Stewart showed them how to do their jobs.  Last night’s Daily Show wasn’t your typical show.  After a short 5 minute clip about Madoff, Stewart went right to the interview with Jim Cramer.  What followed was probably the most uncomfortable 20 minutes of television I’ve ever seen.  I loved it.  There were several things that Stewart did that I thought were brilliant.  First off, he made it clear on several occasions that this wasn’t personal.  He repeatedly said that his beef was with the entire network of CNBC and other financial networks who he considered to be part of the problem and not just with Cramer.  I also thought Stewart did a great job of explaining why us, the regular folks, are so mad at people like Jim Cramer and networks like CNBC.  You bring a CEO on your network and you take their word and their word alone that their company is doing fine?  Come on.  Didn’t Enron and WorldCom teach us that CEOs lie?  Instead of taking their word for it, how about you do research and confront them with the facts?

My favorite part was when Stewart asked why a show that misleads people about stocks is necessary and Cramer said “There’s a market for it.”  Stewart replied:

“There’s also a market for cocaine and hookers”

For 20 minutes Stewart didn’t let Cramer wiggle out of the fact that CNBC as a whole failed the American people.  Gambling with other people’s money and then saying “No one could see this financial crisis coming” is like playing Russian Roulette with a pistol with all but 1 bullet in it and then acting surprise when someone shoots themselves in the head.

I predict that Cramer has 6 months left with CNBC.  He’s been exposed as a fraud along with the rest of CNBC.  Either he’ll be replaced or his show will finally go from some crazy ass entertainment to some serious show about stocks.  You might think that’s far fetched but ask ex-Crossfire hosts James Carville and Tucker Carlson what an attacking Jon Stewart can do to your career.  I’ve said it before and I’ll say it again.  It’s said when the voice of reason in journalism is a comedian.

I have a feeling this is the beginning of an on going war.  Cramer has been on the Today Show and on Morning Joe to try to defend himself and I don’t think the Daily Show crew is going to let up.  The truth of the matter is, CNBC and Cramer are caught by their own words.  It’s hard to take the words “Bear Stearns is fine” out of context when it happens weeks before they crash.  Of course that’s what these arrogant assholes have to say because God forbid people figure out that they have no clue what they are talking about.  Although, even without Stewart, I don’t think it’s hard for the average American to see that these fools have their own agenda and it’s about protecting themselves.  As Jon Stewart has been saying in regards to them “Fuck You”.

Thank you Jon Stewart.  For the last 2 weeks I’ve watched Morning Joe on MSNBC and had to put up with a bunch of self righteous CNBC financial/stock market analysis and their opinions about the President’s financial plans.  The entire time I’ve watched them bitch and moan about the plans, I would sit there in awe and think “Wait a minute…aren’t these the same SOBs that told us that the Stock Market was fine a year ago?”  The biggest loud mouth asshole out of this group is Jim Cramer, host of Mad Money.  As Jon Stewart and the Daily Show researchers pointed out brilliantly last night, Cramer was the head of the idiots over at CNBC that were giving us such financially sound advice as “Lehman Brothers is financially sound” or that “Bank of America will hit $60 a share.”  People lost money off of the advice of these idiots.  Yet we’re supposed to listen to their opinions and advice now that the President is putting forth his own plan?  You’ve got to be kidding me.  This is like Nas seeking the advice of Soulja Boy for his next album.  Or Amy Winehouse running a D.A.R.E. program.  It’s quite obvious to me that Jim Cramer, Rick Santelli and all the rest of the CNBC idiots not only have zero credibility but they are just as clueless as everyone else.  The clip of a CNBC hosts seemingly believing that Allen Stanford somehow miraculously avoided the same pitfalls as all the other companies out there without doing something illegal is proof positive of that.  Didn’t Enron teach these fools that if it looks too good to be true then it is?

And Fuck You Rick Santelli.  Incase you don’t know who Santelli is (and you haven’t watched the Daily Show clip yet), he’s the CNBC host that went off on air about the President’s plan to help bail out home owners.  Oh, wow…so when it comes to bailing out banks and Wall Street…you don’t say shit.  When it comes to helping regular Americans that are now upside down on their mortgage, that’s a bad thing?  Sorry Rick, but most people aren’t in trouble with their homes cause they bought a pool or a new million dollar bathroom.  They are having trouble because they bought their house at $300K and now its worth $150K.

Again, I’m glad we have Jon Stewart to blast arrogant fucktard morons like those at CNBC.  The audacity of these fools to give bad advice for well over a year and then claim they know enough to give valid opinions and critiques of what the President is doing.