Friday, March 13, 2009

Stewart Missing the Point . ..

The Chicago Tribune tells us that John Stewart had strong criticism for Jim Cramer on his show this evening.

At least as reported, Stewart's criticism does not respond to the points that have brought Cramer so much publicity lately, namely, his criticism of President Obama's economic policies which, according to Cramer, are causing "the greatest destruction of wealth in our lifetime." See Cramer interviewed by Matt Lauer and Erin Burnett, here.

Maybe Stewart can tell us why a $ 1.7 trillion deficit, mostly directed towards enhancing consumption, plus surtaxes on our most productive citizens, is wise public policy in light of the vote of no confidence the markets have given the President's plan.