Washington Post: Don't Blame Jim Cramer

[QueenOfCalifornia]

Excerpt from article written by Richard Cohen:

The Washington Post and the New York Times both covered Cramer's appearance on Stewart's show and so did the august Financial Times, on Page 1 yet. Trouble was, Cramer almost instantly sank into a classic case of Stockholm syndrome, agreeing much of the time with his captor. He came with sleeves rolled up but with the droopy eyes of a chastised puppy. He allowed that he actually was, really, an entertainer. No!

The acclaim visited on Stewart for spanking Cramer tells you something. In the first place -- and by way of a minor concession -- he's got a small point. CNBC has often been a cheerleader for the zeitgeist -- up when the market's up, down when it's down. This is true of the business media in general.

Full article here: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/16/AR2009031602319.html?wpisrc=newsletter&wpisrc=newsletter

:popcorn: Discuss.

[marylanddem]

1. More Washington Post bullshit.

[SemiCharmedQuark]

2. LOL...Richard "algebra is useless" Cohen?

Here are some of his greatest hits:

Cohen explaining why we don't needs no aljebraz
"Gabriela, sooner or later someone's going to tell you that algebra teaches reasoning. This is a lie propagated by, among others, algebra teachers. Writing is the highest form of reasoning. This is a fact. Algebra is not...The proof of this, Gabriela, is all the people in my high school who were whizzes at math but did not know a thing about history and could not write a readable English sentence."

From Media Matters:
"In a column titled "So Not Funny," Washington Post columnist Richard Cohen declared that comedian Stephen Colbert's scathing routine at the White House Correspondents Association dinner was "rude" and "insulting," and added that Colbert was "a bully." However, Cohen offered no criticism of Bush when, in a pre-taped skit at the 60th annual dinner of the Radio and Television Correspondents Association (RTCA) in 2004, he made light of the failure to find weapons of mass destruction in Iraq."

In 2003, Cohen wrote:
"the evidence Colin Powell presented to the United Nations — some of it circumstantial, some of it absolutely bone-chilling in its detail — had to prove to anyone that Iraq not only hasn't accounted for its weapons of mass destruction but without a doubt still retains them. Only a fool — or possibly a Frenchman — could conclude otherwise."

And then he also decided to come to the aid of Scooter Libby and claim his prosecution was unfair.

Cohen is a HUGE tool.

[QueenOfCalifornia]

3. LOL!

Thank you for this.

What a maroon Cohen is.

[SpiralHawk]

4. At this point, I wouldn't even put the Post in my outhouse for buttwipe

They are all about propping up the Republicon Homelander 'elite'

Ptoooey on their Republicon-themed spin and propaganda.

[marylanddem]

5. And they are hurting, financially, big time

[SpiralHawk]

10. No mystery there.

The Post has lost all cred since they have become a right-wing republicon propaganda sheet rivaling the Moonie Times in perversion...

[QueenOfCalifornia]

11. I remember

having to use outhouses when I was a kid.

My kids think I make this shit up. :rofl:

[Burma Jones]

6. The Post is trying hard to be a nationally read RW alternative to the NYT

[Jim__]

7. My reading of this is: CNBC really doesn't know anything about the financial markets.

Fine. Then explain what the fuck they're doing on the air.

[QueenOfCalifornia]

9. That is my

consensus too.

I read that article and was thinking ...."gee, nobody but nobody had any clue about the financial markets... " :wtf:

Cramer was giving bogus advice and admitting to doing a lot of heavy lifting for his friends on Wall Street. He has a program which proclaims him to be an expert analyst.

[PVnRT]

8. Hedge funds started the ball rolling for all of the weird shit that got us into this mess

Well, deregulation did, which allowed the questionable things hedge funds did to be legal, followed by CDOs and other arcane nonsense.

Cramer is every bit as responsible for this mess as the other financial "gurus" of the 1990s who gamed the system to make as much as they could as quickly as they could.

[Oilwellian]

12. Oh, so if they still owned stock in the companies...

Then they couldn't have possibly known they were going down? What a crock. Who needs stock when you're pocketing billions and hiding it in the Caymen Islands? Perhaps Cohen will next write and tell us why the Washington Post quietly shut down their business section right after Stewart's show aired.