A Simple Little Joke

I know I should cut down on name calling. I should be able to make my points by simply laying out facts in a succinct and mature fashion without resorting to childish denigration. So, that being said, here is a little joke: What do a jammed monkey wrench and Jim Cramer have in common? They are both busted tools.


I know I am not the first to make this point. Though I do not regularly watch the Jon Stewart program on the Comedy Central, I know that Stewart has taken issue with the lack of foundation in Cramer's judgement. Though Cramer has already been called out by Stewart, I will risk redundancy in reporting something I just saw Cramer say.


As I was watching Andrea Mitchell Reports this morning Mitchell was joined by Cramer for one segment. I do think Mitchell is sharp and she has been around so why would she have a hack like Cramer on her show? Perhaps for the same reason she would marry the man whose love affair with laissez-faire was complicit in wrecking our economy, but that's another issue. In the segment, Cramer said that "There is so much speculation. I've had many CEOs on [from] major oil companies saying the same thing; if you cut the speculation we could see a dramatic decline in [the price of] gasoline."


For the sake of accountability, here is the video link:
http://www.msnbc.msn.com/id/3096434/#43111768

Now let's rewind to nearly three years ago. We were heading into summer, gas prices were on the ridiculous rise and Jim Cramer appeared on Hardball, saying what? "I regard the people who are buying oil as geniuses!"


He was referring to speculators as he laughed off the possibility that they actually had the power to manipulate the price of oil. You have to see this confidence of a fool for yourself at 2:09 into this Youtube video.


I don't have much more to say besides PLEASE STOP LISTENING TO THIS GUY! HE DOESN'T KNOW WHAT HE IS TALKING ABOUT! Except, in the Hardball segment, he is right about the ethanol scam and how it has driven up food prices. If he was that right about everything else he talked about, he would actually be an authority.