That, and other news, in today’s Roundup and Recap.
Jon Stewart takes on James Cramer…again. This time, he riffs of Cramer’s dismissal of his show as a “variety” show and reminds him that “The Daily Show” isn’t a real news program.
Brian Lowry writes, “Considering that Cramer’s show had been one prolonged orgasm about the merits of the market before its collapse, that would seem to be enough “mistakes” to disqualify him from the advice circuit — or at least put him in the equivalent of TV’s penalty box. It’s also utterly ridiculous for Cramer and CNBC’s Rick Santelli to paint themselves as victims (“little guys,” as Cramer put it) when they enjoy a nationally televised forum. If you can’t stand the heat, stay off the trading floor.”
Matea Gold of the Los Angeles Times points out that Cramer’s chief argument is that Stewart cherry picked his punditry.
She writes, “The “Mad Money” host noted that Stewart has not spotlighted Cramer’s appearance on “Today” in October, when he caused a stir by saying people should sell and get out of the market.
“”That was 35% ago,” Cramer said. “That was a call that should have wrecked my career. And it would have, if the market had gone up. But I stuck my neck out and did it and saved a lot of people money.””
Frank Bank: Tim Geithner talks to Charlie Rose.
“Office” Cause: Rainn Wilson takes on religious persecution in Iran.
New Host?: Ed Schultz fills in on MSNBC’s “1600” and fuels buzz that he’ll be pegged to host a post-Maddow show.
Today’s Top Read: John Dickerson writes in Slate why Barack Obama needs Warren Buffett, more than the other way around.
He writes, “Obama could use a little Buffett validation right now as he seeks to bolster investor and consumer confidence about the plans he has enacted and the plans he has yet to unveil. He didn’t really get it Monday as Buffett gave his views on the economic crisis during a lengthy interview on CNBC. Buffett made a broad critique of the politicians in Washington. And while he called out Republicans for being obstructionist, his most specific remarks were aimed at congressional Democrats and the president. “I think that the Democrats—and I voted for Obama and I strongly support him, and I think he’s the right guy—but I think they should not use this—when they’re calling for unity on a question this important, they should not use it to roll the Republicans.” He also said it was unproductive to blame the Bush administration and use the crisis to get funding for “pet projects.””
Today in Twitter: George Stephanopoulos grills Claire McCaskill.