Jon Stewart unloads on CNBC’s Rick Santelli for ‘bail[ing] out’ of Daily Show appearance.

Last night, Rick Santelli — a former derivatives trader and current CNBC host who ranted against Obama’s housing plan — was scheduled to appear on The Daily Show. Host Jon Stewart reported that Santelli first accepted the invitation, but canceled on Friday. “Or I guess the phrase would be ‘bailed out,’” Stewart quipped. He then exhorted the crowd in a Santelli-like rant:

Hey! How many people would have liked to see Santelli come on this program!? Are you listening? Are you listening Rick Santelli!?

I have to say I find cheap populism oddly arousing.

Stewart proceeded to rip the CNBC network, cataloging its bad advice to investors in recent history. Watch it: