I had been meaning to post this yesterday, but it's still relevant today. A couple of nights ago on The Daily Show, Bill Kristol admitted that the government can provide the highest level of healthcare coverage in the country.
If you missed Jon Stewart's interview with Jim Cramer on yesterday's Daily Show, it's absolutely must-watch television. I give Cramer a lot of credit for going on the show at all but his reduction to a whining, defensive child at Jon Stewart's hands can be a bit painful to witness. Memo to media: watch Jon Stewart for a lesson in how to hold your own accountable AND as a warning of what could happen to you if you act irresponsibly.
Update [2009-3-13 11:57:18 by Todd Beeton]:Here's part of the interview posted on YouTube but again, watch the whole thing in all its cringe-inducing populist glory:
Update [2009-3-13 23:0:43 by Charles Lemos]: Here's the video from Comedy Central. I have never believed in the wisdom of finance as "entertainment" and that's Mr. Cramer is a financial entertainer. He bemoans that Lehman CEO Richard Fuld "lied" to him about the health of the bank. As a former equity analyst who had a pretty good batting average stock picking wise, I'll say this, financial reporting isn't a game and Mr. Cramer treated it as one. A show called Beat the Street is little different than Let's Make a Deal except for the fact that the repercussions are more far-reaching. In my coverage universe, I could tell when a CEO or CFO was trying to pull one over on me. Balance sheets and cash flow statements tell a story. It pays to pay attention to them.
In the midst of a mad dash toward the election, Democratic presidential nominee Barack Obama will make time Wednesday to appear on Comedy Central's "The Daily Show" with its host, Jon Stewart.
These interviews represent one half of what appears to be a broader strategy by both Barack Obama and his campaign to shape the establishment media environment, in this case by rewarding and bolstering the nascent progressive big media. Josh has detailed the other half of this effort -- marginalizing the conservative media, in general, and Fox News specifically -- most recently here and here.
But the move by Obama to reach out to both Rachel Maddow and Jon Stewart is equally important as the shunning of Fox. For one, it indicates that he is not of the mentality that the campaign is just about reaching the middle (or even futilely to the right), to the detriment of speaking to the base. The implications of this down the road are quite obvious (in the event of an Obama victory in one week), as if Obama campaigns in this manner it's much more likely that he will govern in this manner. Indeed, if this media strategy is an omen for what would be to come in an Obama administration, we might see a flourishing of the progressive media -- for which, by the bye, there is a real market judging from the ratings (yesterday Maddow and Keith Olbermann both won their time slot among the key advertising demographic, topping "Hannity and Colmes" and Bill O'Reilly, respectively, among viewers between the ages of 25 and 54).
There has been a lot of talk here on MYDD about a media bias towards Obama. In light of the recent events and coming events I think it is time to put that theory to rest. Hillary appeared on SNL last night and the Daily Show will have her on Monday night.
The timing of both of these appearances (and the Tina Fey commentary last week,) are all clearly designed to help Clinton turn things around ahead of Tuesday's Primaries in Ohio, Texas, Vermont, and Rhode Island. Now, this is great strategy from Clinton's campaign (which is a bit surprising since they have appeared, on occasion, completely tone death.) If Clinton eventually wins the nomination I would say that it will be in spite of her high level advisors rather than because of them.