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Jim Cramer Rips the White House and Everyone Else Who Thinks They Are Clever Mocking One or Two of his Market Calls A New One
Cramer: “My Repsonse to the White House”
Six figure donor to Dems and huge Obama supporter sinled out for daring to criticize The Won.
Change we can believe in.
I guess silly season didn’t end in November, eh?
Second gilded age male cheerleader Jim Cramer called Obama’s health care spending “draconian” last night
Whatever, Denny. It was still a good rant and spot on.
Whatever, Denny. It was still a good rant and spot on. Duros
You mean Stewart? The FU to Sanford was funny. The rest of it was standard liberal blog fare. Every liberal blogger did the same thing yesterday…”Why are we supposed to listen to you?” Just what Gibbs said.
It’s amazing how these things go. Carvile/Begala/Emmanuel..get Gibbs to respond to the media. Lib blogs follow lock-step. Then Matthews/Olbermann/Shuster line-up, then Stewart at night.
You mean Stewart? The FU to Sanford was funny. The rest of it was standard liberal blog fare.
Shorter Dennis: Liberal blogs are funny.
Dennis, I read the linked column. And I must say that Cramer uses a lot of words to say absolutely nothing at all. It boils down to, “I’ve been right before! Obama is destroying wealth! I like moderate Democrats! I am a good guy and support other good guys, as I choose to define it!”
Gimme a fucking break. No real information in the whole thing. And you guys tell us that Obama lacks substance.
Shorter Dennis: Liberal blogs are funny. Mister ed
You are correct, Aqua. I try to get one really good laugh in a day and this one frequently is where I end up getting it.
I try to get one really good laugh in a day and this one frequently is where I end up getting it.
Megadittoes, but for different reasons.
More bloodletting today, mambochicken. I see your point, though. But even if there was a lot of information in it, the response would again be, ‘And we’re supposed to listen to you now?’
When he went berserk on Bush last summer, liberal blogs didn’t question him about his market calls then. And Tony Snow or that hot chick press secretary didn’t single out Cramer so that conservative blogs would have a field day ripping him apart the next day. I really don’t get this White House and their Enemies List and why they want to get in pissing contest with people they hate.
You know what I really liked about Cramer’s “response”? The “I’m just fighting for the little guy” pose.
Straight outta the O’Reilly playbook.
Reminds me so much of all those get-rich-quick schemes you hear advertised on conservative talk radio: “Attend my FREE seminar and I’ll show you how you can make MILLIONS trading pocket lint futures!”
If that stuff is so profitable, why is the clown promoting seminars instead of investing?
Likewise Cramer’s “I Do It for the Little Guy” wallow. He’s not doing his show for the little guy. He’s doing his show because HE GETS PAID REALLY FREAKIN’ WELL to stand there in his shirt sleeves and rant.
And Tony Snow or that hot chick press secretary didn’t single out Cramer so that conservative blogs would have a field day ripping him apart the next day.
I don’t think Mr. Gibbs chose to “single out” Cramer. I believe he was asked for a reaction to Cramer’s comments.
the response would again be, ‘And we’re supposed to listen to you now?’
How is that an unfair question?
What kind of record of success does this guy have? Or is it just a Magic 8 Ball?
Thank you John Stewart!
Listen to the collective scream of the wingnuts here as the truth pierces their thin, scaly skin. What music they make!
I don’t think Mr. Gibbs chose to “single out” Cramer. I believe he was asked for a reaction to Cramer’s comments.
<a href=”http://blogs.abcnews.com/politicalpunch/2009/03/gibbs-questions.html”Here ya go.
Bah!
Linky!
BTW, Gibbs was asked by an NBC correspondent to react to Cramer’s remarks.
Why isn’t this funny and scarily accurate source consulted more frequently?
How is that an unfair question?
What kind of record of success does this guy have? Or is it just a Magic 8 Ball? Duros
In general, it’s not an unfair question. But if it was the case that any time someone makes a prediction that turns out to be wrong automatically disqualified him from ever being taken seriously again, there’d be a lot of politicians right now out of jobs.
What kind of record of success does Obama have with the economy? Was He sounding an alarm bell two years ago for everyone to get out of the market? Was He telling everyone he knew not to buy that house, not to buy that cheap ARM mortgage, not to panic about the stock market? You can be sure that if He had, you’d know about it.
So what kind of record of success does He have that makes you so certain he isn’t just winging it here and seeing what works and doesn’t work?
This was funny and prescient too. How did these guys know so much, yet our alleged leaders at the time did not?
BTW, Gibbs was asked by an NBC correspondent to react to Cramer’s remarks.
Ok, Qibbie, he wasn’t singling him out. But he was prepared for the question and the response was something lib blogs were already saying, ‘why should we listen to him?…yada yada yada’. It’s the standard rote response here and on every lib blog. You guys do it every single time I post anything from anyone, even if he’s a liberal. Did Tony Snow do that? I honestly don’t remember.
Gibbs is doing it frequently. And right out of the chute, too.
But he was prepared for the question
Whaaa? What’s that you say? A press secretary who prepared for a question that some reporter actually asked?!?
If that’s not evidence of bad intent, I don’t know what could be.
So what kind of record of success does He have that makes you so certain he isn’t just winging it here and seeing what works and doesn’t work?
Well, I don’t know, but I would hazard a guess that he isn’t doing it all on his own. I imagine he’s got smarter people than Cramer in the room.
This was funny and prescient too. How did these guys know so much, yet our alleged leaders at the time did not?
And by This, I mean This.
Fuggit: http://www.thedailyshow.com/video/index.jhtml?videoId=127292&title=the-sticky-wicket
I imagine he’s got smarter people than Cramer in the room. Duros
Yeah. Geithner. Do you want to go there? Bernanke?
Larry Summers? Does Jon Stewart lampoon those guys now? I’m asking that sincerely because I don’t watch his show often.
Who hasn’t f’ed up royally these last 3 years? Who is immune from making bad calls? And if Paul Krugman is so wonderful for getting a lot of things right, why isn’t he in Obama’s inner circle? Because he was critical of him during the campaign?
Dennis, do you mean former Enron advisor Paul Krugman?
Translated SaveFarris: Even though Paul Krugman’s been right about a lot of really, really important shit, I’m going to dredge up this ol’ chestnut from 2002, featuring Iraq Invasion, rabid Bush supporter (at the time), and all-around self-absorbed wanker Andrew Sullivan.
Really, that all you got?
And while Libs everywhere give themselves high fives over Stewart’s takedown of Santelli, Obama’s daily tracking poll is down another 300 points.
And while Libs everywhere give themselves high fives over Stewart’s takedown of Santelli, Obama’s daily tracking poll is down another 300 points.
Is the drop the result of the market’s judgment of Mr. Obama’s policies or just a statement on his overall no-good-itude?
Or maybe it has something to do with today’s news about GM and retail sales?
When this market finally bottoms out, Farris, I expect to see you cheering every single day there’s an uptick.
But he was prepared for the question and the response was something lib blogs were already saying, ‘why should we listen to him?…yada yada yada’.
Actually, that wasn’t Mr. Gibbs’ response. Want me to look it up for you?
Dennis, do you mean former Enron advisor Paul Krugman? SaveFarris
Good point, SaveFarris. Hey, maybe that’s why Democrats who controlled Congess didn’t listen to him when they should have. Because of his past record.
Maybe Obama wanted to warn people and pass legislation that would’ve prevented the crisis, but Joe Gibbs told him about Krugman’s record advising Enron. Damn. So then instead Obama just cozied up to Countrywide.
When this market finally bottoms out, Farris, I expect to see you cheering every single day there’s an uptick. Qibbie
The day the market bottoms will forever be the day the Obama ownership of the economy began. That’s why he and you guys don’t seem to give a shit what happens right now.
That’s why he and you guys don’t seem to give a shit what happens right now.
How’s the view way out there on that limb, Dennis?
Who the heck doesn’t “seem to give a s**t what happens”? Is it the people who are proposing a plan of action or the people who want to “let the market take care of itself” even if that means more job losses and more foreclosures?
From where I sit, the only people who “don’t seem to give a s**t” are the ones calling for the government to sit by and see what happens.
Dennis is somewhat right about Obama, as long as he’s listening to Bernake, Rubin, Geithner, and Summers, it’s very unlikely the over-all economy will improve. Stimulus is mostly a stop-gap measure. It’ll keep the economy going, but it won’t repair it over the long term. These banks need to be forced into recievership. Corporate boards need to be reformed, to make them less insulated from the risks they take. Business schools need to stop teaching that all that matters is the next quarter, long term solvency be damned. CEO pay needs to be made to conform to reality and not simply a perk for rich people. We need to institute more tax brackets, and greatly increase a new top tax bracket’s marginal rate so that truly obscene wealth is reigned in. Money is a finite resource, a zero sum game. If some have too much, it means that most will NEVER be able to earn enough regardless of how much merit they have or how hard they work.
We need to drastically alter our ways, just as we did following previous collapses. This is going to get a lot worse before it even starts to get better. People like Cramer are a symptom of a corrupt and decaying society, they are not truly the cause.
My view out on the limb about people’s indifference to the meltdown right now is not too far away from your announcement that Cramer doesn’t care about the little guy. A guy that supported and donated the max allowed to the campaign of The One who campaigned on little else than helping the little guy. A guy who outlined in that article how and why he cares for the little guy. And the guy that thinks Obama is blowing it right now for the little guy.
Dennis, if you ever visit a carnival midway, don’t take any money with you.
Trust me on this.
So where the cowardly SaveFarris? He’s here.
Hey, dumbass, we’re awaiting your “wisdom” over at the
“Whose To Blame For The Ailing Stock Market?” thread.
A guy that supported and donated the max allowed to the campaign of The One
Really Dennis? I can’t seem to find any evidence of that.
Can you help?
Qibbie, you exasperate the crap out of me. Why do you check everything I write but leave alone the idiotic things that guys like Mister ed write? I don’t pretend to be any kind of a big fish or even all that smart and everyone here tells me what an idiot I am, so why the fafaroo treatment from you now, too?
Anyway, Cramer said he gave in the six figures to the Dem campaigns until he was prohibited from giving any more by law.
Why do you check everything I write
Just trying to be helpful, big guy.
Anyway, Cramer said he gave in the six figures to the Dem campaigns
I see. Mr. Cramer said he gave money to the Dems. Like I said, Dennis. If you go to the carnival, leave your wallet at home.
Dennis, if you ever visit a carnival midway, don’t take any money with you. Qibbie
I’ll try to remember that.
Reminds me, ‘Water for Elephants‘–great book.
I honestly think one of the characters had to have been patterned after Mister ed here.
I see. Mr. Cramer said he gave money to the Dems. Like I said, Dennis. If you go to the carnival, leave your wallet at home. Qibbie
Ok, but let me tell you something. If Eric Boehlert hasn’t already verified that Cramer did not contribute that amount and written an article about it, chances are his claim is true. And if he hasn’t already and you can expose the lie, I’d love to see you get the credit and become famous.
Seriously, if that’s a lie, it’s a whopper. And for a guy on Obama’s White House Enemies List to have been caught telling a whopper of that magnitude, well, that’s be like gold. Barack and Rahm and James and Paul and Eric and Oliver would’ve been licking their chops to get at that one as soon as that article hit the internets.
I’d get crackin’ if I were you. Shit, I might start working on it myself. We Republicans have been known to switch sides if the price were right. Not that David Brock did that or anything.
Seriously, if that’s a lie, it’s a whopper.
Oh, I doubt it’s an outright lie. But if you go back and look at exactly what he said, I’ll bet he said something very carefully worded to make you think he was saying something entirely different.
Who hasn’t f’ed up royally these last 3 years?
George W. Bush.
No, really, just ask him.
Obama’s White House Enemies List
Please, please, PLEASE, don’t perpetuate this Limburger-approved talking-point.
Here we go:
Did he contribute to the Obama campaign? He doesn’t say that. He says he donated to the Democratic Party.
The national party? State? Local? He doesn’t say.l
And it wasn’t the legal limit that ended his donations, it was a “contractual agreement.” What contract? When? He doesn’t say.
So we don’t really know when Cramer made his “substantial six-figure donations” or who he gave them to.
Does any of this matter? Not a bit. Cramer went on his television show and made some extreme statements about the Obama budget. A reporter (who works for the parent company of the outfit that puts Cramer on the air) asked Gibbs to react. Gibbs said (and I’m paraphrasing) “I don’t understand what he’s talking about, but if you want to hold him up as some sort of expert on the economy, it’s pretty clear that he takes a narrow view and he’s not always right.”
From that, Mr. Cramer imagines that he’s now on some sort of “enemies list.”
One more thing: how many figures in $1,000.00?
One more thing: how many figures in $1,000.00?
I don’t care if I do chase you away from this thread, QiaB. You are the Master.
…so why the fafaroo treatment from you now, too?
Dennis, why is it so much to ask that you should at least get your facts straight before you begin constructing your grand narratives of liberal meanness?
I mean other than that it’s much, much harder to construct those narratives with the truth?
Dennis says: “Jim Cramer Rips the White House and Everyone Else Who Thinks They Are Clever Mocking One or Two of his Market Calls A New One”
One or two of his calls? I guess Jim Cramer’s ability to count is no better than yours is, Dennis.
No wonder you support him.
Loser.
Dennis says: “More bloodletting today, mambochicken.”
And yesterday when it was up 2%… I noticed you were silent.
It ended 2007 at 13,366
It ended 2008 at 8516
That’s nearly 5000 points in a year. Were you yelling at Bush during that time?
If not, shut the fuck up now.
Dennis: “In general, it’s not an unfair question. But if it was the case that any time someone makes a prediction that turns out to be wrong automatically disqualified him from ever being taken seriously again, there’d be a lot of politicians right now out of jobs.”
And now you can’t count past one.
It’s not one prediction, Dennis, it is a long-term track record. He has a worse success ratio than random chance.
Why do you check everything I write but leave alone the idiotic things that guys like Mister ed write?
Such as? More false equivalence from the master.
One more thing: how many figures in $1,000.00? Qibbie
Turst me on this one, Quibbie, from your very first day in the business, everyone knows what six figures is, and it doesn’t include decimal points. Same with one comma and two commas. If Cramer tried the Clinton parsing by weaseling out on 1,000.00 being six figures, that’d be worse than completley lying about it, especially from people in the business…unforgiveable.
Just like Bubba’s definition of is, contrasted with Hillary’s complete fabrication of Tusla bullets. Which one do people remember more?
If not, shut the fuck up now. Southern Strategy Strowbridge
Concerned Canuck- You’re a Canadian. You contribute very little to the betterment of this country. I do. Why don’t you shut the fuck up?
Turst me on this one, Quibbie, from your very first day in the business, everyone knows what six figures is, and it doesn’t include decimal points.
I see. Cramer tells us that he gave “substantial six figure contributions to the Democratic party” but he doesn’t tell us when, where, or exactly how much.
But you’re pretty sure he wouldn’t kid us about it being more than $100K?
I would consider myself lucky, Dennis, if I had your trust in others.
A classic bit of comedy. Well done.
You contribute very little to the betterment of this country.
Said the Rush Limbaugh supporter. What are your three contributions which most embetter* the United States, Dennis?
*hat tip: Jedediah Springfield
Me: “If not, shut the fuck up now.”
Dennis says: “Concerned Canuck- You’re a Canadian. You contribute very little to the betterment of this country. I do. Why don’t you shut the fuck up?”
That’s funny. Call me Southern Strategy Strowbridge in the same post you show off your bigotry. You are such a huge bigot, that you can’t help yourself.
I have a job with an American firm, so I am working to better the United States.
The only way you could do the same is of you killed yourself.
I see. Cramer tells us that he gave “substantial six figure contributions to the Democratic party” but he doesn’t tell us when, where, or exactly how much. Qibbie-
Why would he have to provide details of how much he gave to the Democratic party. If you don’t believe him, like I said, go make yourself famous and report back here if you’d like. I don’t know why you don’t trust him or forgive him, he’s a Democrat. You guys said yesterday you forgive and forget when in the pursuit of common goals. And you and he have common goals, he’s just quite a bit more impatient and pessimistic about how Obama is going about achieving those goals.
CSS: “I have a job with an American firm, so I am working to better the United States.
The only way you could do the same is of you killed yourself.”
That’s funny shit.
Point remains, Dennis – where was all this howling about the stock market when Bush was in office and it was shedding more than a third of its wealth during 2008?
“Point remains, Dennis – where was all this howling about the stock market when Bush was in office and it was shedding more than a third of its wealth during 2008?”
Back then it was, ‘The president doesn’t control stock prices.’
My argument is at least logically consistent.
The president does have a heavy role to play in the economy, including the stock market prices. However, the economy was in free-fall when Obama was elected, so you can hardly blame him for its continued decent. He’s not making it worse, but you can argue he isn’t making it better. That said, the economy is huge, and it takes a while to turn it around.
I predict by the end of 2009 or the beginning of 2010 there will be concrete signs that the economy is improving.
And on a side note, I am more optimistic than most people according to a poll I saw. So we will see what happens.
Why would he have to provide details of how much he gave to the Democratic party.
He doesn’t. But then, nobody asked him. He volunteered the info as a sign of his nonpartisan bona fides. Of course, this was after he compared Mr. Obama to Lenin.
Point remains, Dennis – where was all this howling about the stock market when Bush was in office and it was shedding more than a third of its wealth during 2008? mambo
We were howling alright, mambo. I’ve got a couple more chapters to read to finish the new Ann Coulter book tonight, but if you want to give me a time period I’ll tell you what and how loud we were howling for any given time period. Things have been lousy for a long time, especially the financials. Even when we were at 14,000, a lot of things sectors were having a lot of difficulty. Look, I’ve said it before, Obama is not to blame for what is going on, but his plans are scaring the heck out of a lot of people. I work in the brokerage industry and I hear the brokers tell me what their customers are saying. A lot of them have literally lost their asses, and they don’t want to lose it all. It’s a whole new wave of panic selling. Nothing out of Obama’s or Geithners or Bernanke’s mouths is calming them right now. That may not be their fault, but in general, folks are not too comfortable with what Obama is doing nor what it’s going to do for their stock portfolio. 0% return on T-bills is a whole lot better than losing another 20%, and until they can make heads or tails with what Obama is going to do, they prefer preserving what little capital they have left. So they sell.
Honestly don’t know why that is a point of dispute. Investors don’t like uncertainty. No matter how confident you are that we will recover and come back soon, we are in uncharted territory, and we’ve been told too many times things will get better. People have heard it all before. They’re scared and they’re beaten down and now they are tired. So they go to the sidelines. And sorry, but it’s especially disconcerting to hear Obama and his advisors getting into a pissing match with a radio jockey when all this is going down.
He doesn’t. But then, nobody asked him. He volunteered the info as a sign of his nonpartisan bona fides. Of course, this was after he compared Mr. Obama to Lenin. Qib
Whatever, Qib. Not being rude, but we’ve beaten this trivial point to death. Even without the money, which I see no reason to doubt him, but you do, he has been a supporter. I’ve heard him on TV. He was a big supporter of Rubin as Tsy Secretary under Clinton. Called him the best Tsy Sec we ever had. So not surprised that he supported Obama. And 100 G’s to this guy is not a whole lot, at least it wasn’t before Obama became President.
And what I’m pointing out is that when Bush was in office and the market was sliding, no one on your side of the aisle was upset at him for the downturn. Turn the page, Obama becomes President, and the continued slide gets you guys all up in arms.
I’m no financial expert. I don’t even trust myself to do my own taxes. However, I understand that it’s probably out of line to expect Obama to turn everything around in less than 2 months. We ARE in uncharted territory, and we’re on the crest of an historic shift in this country – in politics, the economy, etc. I seriously doubt that you or even guys making their lives in finance (e.g., Cramer) really have a clue about what’s going to happen with the economy as a result of new policy. I, for one, am going to believe that Obama and his economic advisers are smarter than you, me, or Jim “Worse than Chance” Cramer. Although I don’t know what the hell is going to happen, I don’t think that Obama is going to try to run the economy into a ditch. I believe that he’s trying to enact policy that he thinks will help. I doubt that this is an uninformed opinion on his part.
So, in summation… calm the hell down. Obama and his advisers disagree with you and the rest of the conservatives. We already knew that before he came into office. Howling about it just seems dumb. If this shit’s still as bad or worse in a year or two, well… then you might be in a better position to make a convincing argument. Right now, though, with Obama’s approval rating so high, and with him just taking office 6 weeks ago… you sound like a partisan hack jackass.
You’re reading an Ann Coulter book… shudder…
Evan Bayh. IU grad, overall smart guy and a fiscal conservative:
Deficits and Fiscal Credibility
A Democratic senator says no to a huge federal spending bill.
This week, the United States Senate will vote on a spending package to fund the federal government for the remainder of this fiscal year. The Omnibus Appropriations Act of 2009 is a sprawling, $410 billion compilation of nine spending measures that lacks the slightest hint of austerity from the federal government or the recipients of its largess.
The Senate should reject this bill. If we do not, President Barack Obama should veto it.
…..
Now is the time to win back the confidence and trust of the American people. Congress should vote “no” on this omnibus and show working families across the country that we are as committed to living within our means as they are.
Again, I repeat… we know that you fiscal conservatives disagree with Obama. Even if it is Evan Bayh, super-smart MFer and savior of cats from tall trees, it doesn’t mean he’s right.
Where were all you fiscal cons the last eight years? Seriously. It would have been nice to have you guys on board when the Republicans were spending like drunken sailors on a misguided war and idiotic shit like abstinence-only education and faith-based initiatives.
Just give it a rest. Come back in a year.
Evan Bayh. IU grad, overall smart guy and a fiscal conservative: “Now is the time to win back the confidence and trust of the American people. Congress should vote “no” on this omnibus and show working families across the country that we are as committed to living within our means as they are.”
This is what Japan did, and it cost them a decade of economic growth.
Deficit spending during downturns in the economy is the smart thing to do, so says Paul Krugman, Yale graduate, best-selling author, and Nobel laureates.
“Just give it a rest. Come back in a year.”
He’s never going to win this argument, because all the facts are against him. He’s not smart enough to recognize that, so he will continue to make himself look stupid.
The Senate should reject this bill. If we do not, President Barack Obama should veto it.
What an odd article Sen. Bayh wrote. He correctly notes that this collection of spending bills was written last year, but was never passed as a result of “legislative dysfunction” (translation: Republican obstruction and Bush administration inattention).
These spending bills provide funding for a wide range of everyday federal government function. Yet he doesn’t suggest even a single area where “waste” should be cut.
Odd.
I’m not the kind to attempt mind-reading. I wonder why he would write an opinion piece advocating spending restraint without suggesting even one expense that should be restrained.
but his plans are scaring the heck out of a lot of people.
They’re scaring the same people that thought (and for the most part, still think) that terrorist Mexicans are going to eat our young. The problem isn’t that Obama’s plans are scary, is that his detractors are easily scared.
I work in the brokerage industry and I hear the brokers tell me what their customers are saying. A lot of them have literally lost their asses, and they don’t want to lose it all. It’s a whole new wave of panic selling.
Sounds to me that people are scared of the situation, not Obama.
Nothing out of Obama’s or Geithners or Bernanke’s mouths is calming them right now.
If Obama did try to “calm the masses” so to say, you’d accuse him of “ignoring the problem” and “lying to the American people”.
Investors don’t like uncertainty.
Investors deal with uncertainty all the time. Nothing in the market is guaranteed. If the investor class doesn’t like uncertainty, they should find a new line of work.
“Financial Expert”
LOL. Let’s start with Allen Greenspan — wrong about almost everything.
I agree there’s plenty of blame to go around, but the John Stewart piece is accurate (and funny as hell) because it places most of the blame on the market boosters (most of whom are Republican) who were telling people to buy buy buy when it was clear that we were at the end of a stock and housing bubble.
I don’t think it’s funny that people have lost their savings and their houses. I _do_ think it’s funny that a guy like Cramer (whose stock picks tend to do worse than the market average) still has a television show. The guy’s an idiot. And don’t get me started on Kudlow — a bonafide moron.
“I _do_ think it’s funny that a guy like Cramer (whose stock picks tend to do worse than the market average) still has a television show. The guy’s an idiot.”
But he’s a confident idiot, and that’s what sells on TV.
“I work in the brokerage industry and I hear the brokers tell me what their customers are saying. A lot of them have literally lost their asses, and they don’t want to lose it all. It’s a whole new wave of panic selling.”
Which proves that the turnaround is near, because most individual investors are schmucks- they buy when the market is high and sell when the market is low. Any decent advisor is going to tell people to start accumulating stocks now.
By the way, learn how to use words. Nobody has “literally” lost their ass in the stock market. So now we’ve found that you can’t count and you can’t write. Yea, you’re the guy I would want advising me on my investments.
You mean the same brilliant brokers who bought and sold their way into this unregulated mess? Surely we should be listening to them. Also, I take all my relationship advice from OJ Simpson.
But he’s a confident idiot, and that’s what sells on TV. Southern Strategy
He supported Obama. He sold that on TV too. When he makes a mistake, he apologizes on TV. He let poeple know what a monumental mistake he made in believing Obama would govern as a rational-thinking moderate.
You mean the same brilliant brokers who bought and sold their way into this unregulated mess? Surely we should be listening to them. Also, I take all my relationship advice from OJ Simpson. Oliver Willis
This statement makes little sense, OW. If you’re blaming the crisis on brokers, ok, whatever, but you’re about the first person I’ve read that is doing that. If you’re under the impression investors would should or would prefer to do all their own trading online with no help from anyone, you haven’t spent more than five minutes in any financial institution. I’m guessing that’s the case.
The selling is panic selling. It’s not coming from brokers. It’s coming from people wanting to hold on to what little they have left. Most brokers are telling their clients to stay calm. It’s no easy task.
Dennins: “When he makes a mistake, he apologizes on TV.”
His track record is worse than random chance. If he apologized for each mistake, he would be forced to apologize every single show.
He’s a confident idiot. The track record shows that to be true. I didn’t bring him up when he supported Obama because his credibility was zero then, and it is zero now.
He’s an ‘expert’ that is not worthy quoting.
He’s a confident idiot. Southern Strategy
And you’re a Canadian DVD reviewer. I’m going to guess every one of your reviews has been spot on, right?
Cramer graduated magna cum laude from Harvard. Do you pretend to be smarter than he is, Strowbridge?
No matter what you call him or what you say his credibility is, people do listen to him. Obviously you listen to him. Obviously Gibbs and Obama listen to him or they’d have no idea what his track record was.
Seriously, the way you’re describing Cramer, a confident idiot who has made a lot of mistakes, draws too many similiarities to Obama right now. A guy who has to have His teleprompter everywhere He goes. A smart guy, ocnfident guy. People are sucked in by His words. The stock market is rejecting His plans and people are bailing. Obama didn’t tell people to get out of the market last summer. Why not, Strowbridge? What did He tell people to do the last two years with anything mortgage related? He was on the receiving end of a nice sweet mortgage of his own and huge donations from the same mortgage companies that got us in to this mess.
You gonna call Him a confident idiot?
Me: “He’s a confident idiot.”
You know, you shouldn’t call me ‘Southern Strategy’ in the same post that you demonstrate you are a bigot. (Bringing up my nationality when it is not germane to the topic is a dead giveaway.) It merely reinforced my point that the GOP is systemically racist.
Dennis says: “And you’re a Canadian DVD reviewer. I’m going to guess every one of your reviews has been spot on, right?”
Reviews are subjective opinions. They can neither be accurate nor inaccurate. (Why the fuck do I have to explain this do you? Did you flunk out of elementary school?) My box office predictions, on the other hand, would be a proper analogy, and while they are not spot on every time (I completed fucked the dog on Borat, for instance) my track record is very strong.
If anything, I should be more confident. Everyone was saying the Jonas Brothers were going to beat Miley Cyrus at the box office, but I didn’t see it. Miley Cyrus has more musical talent, better screen presence, more charisma, etc. I’ve reviewed Best of Both Worlds (the concert film with Miley Cyrus) and Camp Rock (Disney TV movie with The Jonas Brothers). And even though I’m not in the target audience of either, I can tell when one works and one doesn’t.
Everything suggested that The Jonas Brothers wouldn’t live up to Miley’s numbers, in fact, they wouldn’t get half her opening. But everyone I read said they would do better. My gut told me they wouldn’t make half of what Miley made, but everyone else said they would beat her at the box office. In the end, I assumed I was missing some indicator that showed strength and went with an opening of $35 million. Big mistake. Had I gone with my gut, I would have been practically the only analyst I know of that would have accurately predicted that.
I can be persuaded I’m wrong, if the argument is sound.
“Cramer graduated magna cum laude from Harvard. Do you pretend to be smarter than he is, Strowbridge?”
It doesn’t fucking matter. You could flip a coin and come up with more reliable predictions than listening to Cramer. Nothing you can say about him trumps that fact.
And you are doing your damnedest to ignore that fact.
“No matter what you call him or what you say his credibility is, people do listen to him. Obviously you listen to him. Obviously Gibbs and Obama listen to him or they’d have no idea what his track record was.”
They are people out there who track these things, so no, you don’t have to listen to him to know what his track record is. In fact, I recently heard a study that tracked 80,000 predicted from more than 200 TV pundits, and the TV pundits are on average worse than random chance. Fancy that. They are (nearly) all overconfident idiots.
“Seriously, the way you’re describing Cramer, a confident idiot who has made a lot of mistakes, draws too many similiarities to Obama right now.”
Speaking of overconfident idiot. Your assessment of Obama is about as reliable as a Jim Cramer stock tip.
“Obama didn’t tell people to get out of the market last summer. Why not, Strowbridge?”
Actually, back in 2007 he was talking with experts trying to figure out what was happening with the economy and what should be done about it. And he talked with both conservative and liberal experts on the matter.
“He was on the receiving end of a nice sweet mortgage of his own…”
This is factually incorrect. His mortgage was 1% below prime, and his job along would qualify him for that. Not to mention his book sales.
On the other hand, McCain has (had?) a credit card with a $500,000 limit at 0% interest.
That is not kosher.
Strowbrige, you don’t work in finance of any type, yet you pretend to be an expert. You don’t know how mortgage lending works. You’ve never bought a house in the United States. Here our mortgage rates aren’t based of Prime. And credit is certainly an issue but there isn’t a scale for rates bases on the borrower’s credit line there is in commercial lending. Obama got a sweet deal because he had other business behind it, the bank official from Northern Trust confirmed that.
So Obama talked to experts to to try to figure out what was going on and what should be done? Whoop-te-doo. A lot of good that did. He certainly didn’t make it common knowledge. He didn’t campaign on it when it would’ve mattered, did he?
What’s his track record on the economy? Stewart could go back and make the same video about things he and Gibbs and Obama’s adisors made back in the crisis days of last fall too. They could go back even farther and make them look downright silly. Why are we supposed to be admiring of Obama’s economic acumen. Are anyone in his administration regarding banking and the economy? Any of his people make better calls than Cramer?
The only reason you know about Cramer’s bad calls is because of Jon Stewart. It’s not funny to bring up his good calls, or why people even listen to him or give their money to him to manage or buy his books.
No wonder Obama was so freaking popular in Europe. He’s planning to take this country towards the failed progressive goals of the EU all of which led to higher unemployment and closer to socialism. He won’t admit it but his policies are basically promoting class warfare. If you make “good” money, you should share it with those who don’t make as much. What a douchebag! Oh and yeah, a family of 3-4 making $250,000 in the NY metro area is rich. The stock market is among other things a discounting mechanism and the direction it is going shows the lack of confidence in the inability of the policies of this administration to get this economy on track.