John Atlas

John Atlas
Birthday
July 13
Bio
John Atlas is president and founder of the National Housing Institute which publishes Shelterforce magazine.His book about democracy, poverty and progressive politics, Seeds of Change: The Story of ACORN, America’s Most Controversial Anti-Poverty Community Group will be out in June. (Available atAmazon.com http://www.amazon.com/John-Atlas/e/B002QNVLA2 and Vanderbilt University Press http://www.vanderbiltuniversitypress.com/books/387/seeds-of-change) “There is more value on a single page of Seeds of Change than in a year’s worth of Rush Limbaugh screeds combined with a lifetime of Sarah Palin sneers at community organizers.”—Todd Gitlin, Columbia University "...an exceptionally important book--a vivid, honest, and gripping look at the front lines, warts and controversies and all.” --Harry C. Boyte, author, founder and co-director, Center for Democracy and Citizenship "Atlas deploys his journalistic skills beautifully in this powerful portrait of people working to realize a vision of social prosperity. Add this to the already growing collection volume of writings on housing, politics and urban affairs that has now become the Atlas oeuvre.” ----Sudhir Venkatesh, author of Gang Leader for a Day "John Atlas combines scholarship, political insight, and powerful narrative writing in this essential book.” --Robert Kuttner, author and founder of The American Prospect “A must read...The reader gains an understanding not only of ACORN's success in the fight for social justice, but also why its efforts to empower ordinary people are viewed with alarm and have come under attack by conservative and reactionary forces." --William Julius Wilson, Harvard University "Atlas has now written the definitive work on ACORN.” --Samuel G. Freedman, author of Letters to a Young Journalist For over 35 years, John has been a public-interest lawyer, activist, radio talk-show host, and organizer. Holding a law degree from Boston University and a master of law from George Washington Law Center, he is an alumnus of Columbia University and recipient of the Charles Revson Fellowship.

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Salon.com
MARCH 15, 2009 1:18PM

Cramer vs. Jon Stewart: who is responsible?

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If you have not been watching The Daily show stop what you are doing and go on the Internet and watch last week's clips of Jon Stewart’s show. He engaged in a weeklong battle with CNBC and Jim Cramer. What Stewart did was amazing.

 It started with a CNBC’s Rick Santelli’s populist rant against Obama for  using our tax dollars to bail out neighbors who are in danger of foreclosure. Santelli, who reports from the floor of the Chicago Board of Trade, attacked Obama’s housing bailout plan because it will help homeowners refinance mortgages and avoid foreclosure.

 Instead of attacking the banks, speculators, politicians who supported the deregulation of the financial services industry that led this economic crisis, Santelli attacked families who are losing their homes. He became the hero to conservative commentators such as CNBC’s Larry Kudlow, and their frustrated followers, mostly conservative activists and angry white men. At the same time he helped turn the national debate against the Obama plan.

 Meanwhile, CNBC and the mainstream press remained silent regarding the accuracy of Santelli’s statement.

It took John Stewart, who combines the journalism of Edward Murrow, the reach of Walter Cronkite and the satire of Mort Sahl, to turn the tables. Last week, culminating with CNBC’s Jim Cramer as his guest, Stewart nailed it.

Showing clip after clip from last year’s CNBC’s shows, Stewart exposed CNBC with some “experts" urging viewers to buy stocks that would soon tumble, and “journalists” glorify CEOs who we later found out lied and  pushed ponzi schemes.

Stewart showed a of Jim Cramer from his show, “Mad Money,” advising viewers that Bear Stearns was not in trouble — right before that heavily leveraged investment firm’s stock collapsed.

 Stewart also played clips of Cramer never shown on his CNBC show, talking about how Wall manipulates stocks and creates rumors that affect the price of stocks.

Although deadly serious, Stewart’s satire came out. Showing a clip of Cramer using a rolling-pin on a piecrust he was making with Martha Stewart on her TV show, the Stewart said, "Don't you destroy enough dough on your own show?"

Stewart said, "This thing was 10 years in the making ... The idea that you could have on the guys from Bear Stearns and Merrill Lynch and guys that had leveraged 35 to 1 and then blame mortgage holders, that's insane. ..."

But the amazing point is that at the end of the week, Stewart managed to do what no group or person would be able to do. He helped changed the national debate about the economic crisis away from the victims of the financial services industry—bus drivers, teachers and firefighters and focused our anger on the greedy speculators, bankers, as well as the financial experts, economists and politicians who caused the crisis.  These unscrupulous people will continue to try and scapegoat unsophisticated homebuyers.  We need to join Stewart and fight back. I'll give you suggestions next blog.

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