I don’t know the long-term cultural impact of the Jon Stewart/Jim Cramer interview. (Some have suggested the “have you no sense of decency, sir, at long last” moment from Joseph Welch to Joseph McCarthy — I have my doubts). But I think it should put a stop to the occasional moaning about how our young people get their news from The Daily Show. As it turns out, that’s a good thing, because Stewart is practicing a bit more journalism and a bit less stenography than your average news show.
To me, this might be the money quote from Stewart: “These guys at these companies were on a Sherman’s march through their companies, financed by our 401(k)s – and all the incentives at their companies were for short-term profits, and they burned the fucking house down with our money and walked away rich as hell.”