Friday, March 13, 2009

Eviscerated is about right

So you all probably know about the Jon Stewart interview of Jon Cramer that's making the rounds of the interscapes. Nate's Sean's right: this really is a not-to-be-missed interview (I recommend this one, as it's complete and uncut) that's trademark Stewart (almost) a la Crossfire, with possible similar repercussions too. Find out what the others are saying as well. Below, my impressionistic notes on the entire affair, which I should probably write up into, you know, full sentences, but I don't really do many impressionistic notes kinda stuffs, and I suspect that i'm actually better at that than full coherence.
  • A cogent excoriation - a honest, sympathetic ("unfair that you've become the face of this"), searing (Stewart brought evidence with him, for fucks sake; "roll 2/12") indictment of not just financial market 'wizards', but ostensibly also those media networks dedicated to covering them: their role of whistleblowers and reportage thrown away. "CNBC could be a source of illumination" Instead, an echo chamber of hysteria, panic, misinformation and FUD.
  • 'Mad as hell and not going to take it anymore!' This is what Jon Stewart and the Daily Show et al are best at: exposing the hypocrisy and corrupt complacency of the media. See also the chapter on The Media in America: The Book.
  • Jon Stewart and Daily Show - The bully pulpit of the new millenium. The language he uses could come straight from a speech: "When are we going to realise in this country that our wealth is work", "A Sherman's March on our 401(k)s", "short term views of our money" [emphasis added] He ends with an anecdote about his 75-year-old mother losing money on long-term investing in the stock market. Is there any better reason why people started saying 'Stewart/Colbert '08'?
  • Jon Stewart's place - he doesn't consider himself very important; yet one of the most important and influential voices in media today e.g. the torpedoing of Crossfire. This new intelligent rebuke ("you're hurting our country" redux) makes this even more explicit. Could this media influence be parlayed into something greater? Is the White House listening?
EDIT: Changed name; apologies for any confusion caused, I should have checked my feeds closer.

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