Cramer v. Stewart: What It Means for the MSM

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


The world–that is, the world of media, blogs, and the Internet–was buzzing on Friday morning about Jon Stewart’s take-down of Jim “Mad Money” Cramer the evening before. The smack-down speaks for itself. But toward the end, Stewart made a point that applies to all media, not just the wildcats of cable finance shows.

Cramer was acknowledging that CNBC had aired oodles of interviews during which corporate execs had not told the truth. He insisted that he had been tough on Bush administration Treasury Secretary Hank Paulson and Fed chairman Ben Bernanke. Referring to Paulson, he said,

I’ve called him a liar…Should we all call them liars? I’m a commentator….It’s difficult to have a reporter say I just came from an interview with Hank Paulson and he lied his darn fool head off. It’s difficult. I think it challenges the boundaries.

But Stewart was all for pushing such conventional media boundaries:

I am under the assumption–and maybe this is purely ridiculous–but I’m under the assumption that that we don’t just take their word at face value, that you actually then go around and try to figure it out.

Meaning figure out if they are telling the truth or not–and, if they are not, you do call them liars.

What’s my interest in this slice of the titanic Cramer v. Stewart battle? Well, I once wrote a book immoderately titled, The Lies of George W. Bush. More recently, I wrote a piece noting that the MSM was far too hesitant after 9/11 to call Bush out on his falsehoods–particular on the misrepresentations (or, lies) that greased the way to the Iraq war. That article noted that some MSMers still recoil from the task of branding a politician or government official a truth-teller or liar. Though Stewart concluded this exchange by quipping that he would prefer to be making fart-noise jokes than to be policing financial news networks, it was heartening to see him advance this simple point: if the media doesn’t assail leaders (financial or political) who lie, then those leaders can get away with almost anything.

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

WE CAME UP SHORT.

We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

So we urgently need this specific ask, what you're reading right now, to start bringing in more donations than it ever has. The reality, for these next few months and next few years, is that we have to start finding ways to grow our online supporter base in a big way—and we're optimistic we can keep making real headway by being real with you about this.

Because the bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. We really need to see if we'll be able to raise more with this real estate on a daily basis than we have been, so we're hoping to see a promising start.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate