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Monday, March 17, 2008

Jim Cramer's Reponse to His "Bear Sterns Is Fine" Advice

Jim "Insane Money" Cramer attempts to pull an "ends-justify-the-mean" malarkey today on CNBC with a response to his "Bear Sterns is fine" advice by defending his statement. In fact, he even states that he does not regret his "advice" by saying, "If you had your money in Bear, you still would have got it today."

This clod should be fired and hoisted on his own petard, considering he lied on the air, even though he was caught with his pants down.

He kind of reminds me of those used car salesmen that I've been told to stay away from. If a shady salesman tries to sell you a lemon and people try to warn you that it's a lemon, you might want to take heed of their advice and not Cramer's.

Here's the video of his appearance for those who are not in the mood to go to YouTube to see it:

Jim Cramer's Biggest Critic Skewers Him

Jim "Insane Money" Cramer, the state/pro-corporate-welfare whore and shill for the government-insulated, government-protected financial service and housing sectors, suffers the wrath of one of his critics, who happens to be not a fan of his, the Fed, or even Wall Street (given that it's infested with so many corporate welfare drones).

Update: Here's the video of the critic that's currently on YouTube:

Pro-State Donald Trump on the Fed

Pro-state (not to mention government pro-corporate welfare queen) Donald Trump called into Neil Cavuto's Your World with Neil Cavuto show today to talk about the Fed's decision to bail out Bear Sterns in the wake of the imploding financial services and housing industries. (I only heard what Trump said, considering I didn't see the entire broadcast because I was in my computer room updating this blog, but the TV in the family was on, and Trump was on the phone line with Cavuto to weigh in on the mortgage/lending crisis. I managed to walk into the other room and watched the last remaining few minutes of what Trump said on the air.)

Trump said that the Fed needs to cut the subprime interest rate by a point, because, if the central bank doesn't do it, then we will all sink into a recession and it will be our economic meltdown nightmare come true. (I'm paraphrasing here, but that's pretty much the gist of what he said.) Of course, Cavuto, as the pro-Big Business, pro-government/business colluding scum that he is, pretty much concurred with what Trump said, given the fact that Fox News and Trump are big welfare queens and the thought of the government/pro-business environment coming-a-crashin' around them is frightening to them.

Trump is nothing than a pro-corporate state, pro-state, and pro-corporate welfare stooge of the worst kind. After all, this is a statist character who, back in the mid-1990s, employed eminent domain via the power of the state in New Jersey to force Vera Coking, an elderly woman from Atlantic City, out of her home so that the Republican billionaire could use her property to build a parking lot. The New Jersey Casino Reinvestment Development Authority condemned her property in a diabolical attempt to prevent Vera from getting a market price for her home and enable Trump to get a bargain basement price for it. Thankfully, the attorneys from the Institute of Justice fought this nonsense, and Coking won her case against the state and Trump.

People should be weary of thugs like Trump, for he is the most vile, most diabolical characters of the pro-government/pro-business/pro-corporate welfare establishment. He even makes your skin crawl anytime you see him.

Even his pathethic reality TV show The Apprentice, which has been on the air for almost eight years, is just crud. It is truly a sad day when he popularizes a stupid catch phrase like "You're fired!," especially when that phrase has been in use for ages.

Update: Actually, after viewing Trump's call into Cavuto's show on, it turns out that he believes that the Fed did the right thing by cutting the interest rates and says that the Fed needs to cut the interest rate further by a point. He argues for this because, according to him, we've "had a big hit" and that he told Cavuto "two years ago that the country would fall into a recession."

But he terribly says that "we can put money into the economy through the Fed." Furthermore, if we don't get the price of oil down, we'll go into a major recession. Hasn't he figured out by now that we're already in a major recession? Hasn't he figured out that government is the problem -- and not the solution -- to this mess? After all, he thinks that we "don't have a choice" to lower the interest rate by a point. The answer to this, which he refuses to admit, is to move the government out of the way and let the free market take over, not to cut the Fed's rates by a percentage point.

Site Featuring Pictures of Our Rulers

Check out this site which contains pictures of our rulers, past and present. Some of them are actually funny though. Look at the ones of Dishonest Abe and Bush II. One even shows a hilariously doctored illustration of the Roman god Mars bearing Bill Clinton's face while being disarmed by the Roman goddess Venus and the Three Graces. It even shows a copy of Clinton's book My Life right next to his feet, which is not in the original version of the photo.

Some of the pics have been doctored to make Abe look more like Bush II, but it's all laced with political overtones and humor of course.

Jim 'Insane Money' Cramer's Response to His Reader

The pro-state establishment's top investment expert Jim 'Insane Money' Cramer gives hairbrained, ludicrous investment advice to one of his readers:

But, on March 11, Cramer told an e-mailer not to sell the beleaguered investment bank’s stock on his show’s Web site:

'Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? --Peter

Cramer says: 'No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.'

(Via The Drudge Report. Thanks goes to Lew Rockwell for their reporting on this.)

They're Smearing Obama Like They Smeared Ron Paul's Justin Raimondo on the pro-state sycophants who smeared Ron Paul are now after Barack Obama. More than that, they're doing it for the same reasons as they did with Paul.

Bloomberg Finally Gets It on the Bear Sterns Bailout

Bloomberg is finally realizing that the Bear Sterns bailout made possible by the Federal Reserve and JP Morgan has become a dire catastrophe and is, and has been, producing deleterious effects on the economy.

What will the news organization admit next? That the war in Iraq is, and already has become, a crisis that is wreaking havoc on our economy? That everything that Bush and his fellow neocon thugs in the War Party and the War Party Lite has been, is, and will always be a lie? Will the New York Slimes ever admit that the Iraq-upation has been, is, and will continue to be a lie as well?

The mind posits more questions than answers.

There's A Bright Side to Iraq War

The American empire's reputation, by all accounts, has been tarnished by the debacle we call the War in Iraq.

Unsurprisingly, the empire has now been discredited at the international level because of the fact that it has created negative unintended consequences for innocent Americans. However, there is a silver lining to all of this: given the fact that the neocons are always complaining that we are not talking about the good news coming out of Iraq, we can honestly say that the war will pave the way for the U.S. having a more difficult time starting wars.

The Daily Show Smears and Berates Berkeley

The Daily Show basically smears and berates the Berkeley Left for their opposition to the War in Iraq. I happen to side with the Left on this issue, of course. In the early part of the segment, an aged hippie is being characterized as an idiot for his statement that the Marines are "recruiting people for mass murder." He also says, "The Marines train people to kill people. The Marines are not moral influenced."

Of course, he's absolutely and completely right on this, considering the Marines haven't been employed for any actual defense of this country for decades.

Interestingly enough, one of the street vendors, by the way, happens to be a Communist pinko, yet he seems like a nice and good guy.

This is a clear-cut and obvious indication that the national political climate has sunken to its lowest levels when America's most socialist town, in contrast with the mainstream media (MSM) and the Daily Show, looks pretty sane. And a libertarian would hardly have anything to object to it.

One pacificistic pinko lady on the street truly believes that a world without weapons would somehow end wars (especially war crimes), but that idea is a fallacy. I oppose the idea, simply because crime rates will, all things being equal, most likely go up in the absence of weapons, not because of them. (After all, I'm pro-Second Amendment, whereas these pacifists absolutely oppose that amendment to the Bill of Rights.)

Undoubtedly, I concur with Lew Rockwell blogger Anthony Gregory that the pacificistic lady shouldn't have hesitated on the question of whether getting rid of police would have "eliminated crime." After all, abolishing the police would reduce crime on the streets.

All in all, the DS segment was funny yet disturbing, given the unsavory political climate under which we all labor. However, unfortunately, Berkeley is extrememly too far right on the police state.