CNBC “Mad Money” host, resident ranter and stock-picker extraordinaire Jim Cramer can now add “media critic” to his list of duties.
Over the past six months, Cramer has become a YouTube sensation for taking shots at Federal Reserve Chairman Ben Bernanke, including his infamous “They know nothing” rant on CNBC’s August 3 “Street Signs.”
Today Cramer used his “Stop Trading” segment on CNBC’s “Street Signs” to blast Bernanke some more and accused some in the media of kissing up to Bernanke for the “big interview.”
“I guess I should just kiss up and get the big interview with Ben like everybody else wants,” Cramer said to “Street Signs” fill-in host Melissa Lee. “Sorry, I could care less.”
Cramer obviously wasn't impressed with Bernanke's comments yesterday where he said the Federal Reserve stood ready "to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
He even accused Federal Reserve Governors Thomas Hoenig and Richard Fisher of wanting us to live in “Hoovervilles,” a reference to the shanty towns that were inhabited during the Great Depression and named for President Herbert Hoover
“[T]hese guys are so timid,” Cramer said. “You have Thomas Hoenig in
Cramer said he didn’t think the Fed’s handling of monetary policy would fly in the private sector. He said he found the “smugness and recklessness of the Fed” was extraordinary and he thought they should have cut interest rates yesterday.
“‘I think Ben’s doing a really good job,’” Cramer said mockingly. “What’s the good job? I don’t know. I know I’d be fired and not waste a Sunday if I pulled this stuff off in hedge fund.”
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A self-centered cry baby at
January 11, 2008 - 17:53 ET by rbosqueA self-centered cry baby at CNBC? Par for the course.
Hillary and Cramer
January 11, 2008 - 18:01 ET by Jerry MackHillary should announce that Cramer will be her Vice President. That would mean that the smartest woman in the world would be running with the smartest man in the world.
Cramer just said a racist statement in Hooterville
January 11, 2008 - 18:07 ET by Lame CherryHooterville was where Pettycoat Junction took place. It was a white, rural, southern community.
Cramer should be held to the same racist standards which got Don Imus fired, because Hooterville is as code as "nappy headed **'s"
It is past time that liberals one and all including the KKK Clintons slapping Obama around get the treatment they have been passing out to innocent people like George Allen.
Hating poor white southern people is just as bad as saying the Fed wants everyone living in Ghettoland.
*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS
LC -- thanks for keeping me
January 11, 2008 - 18:11 ET by Jack BauerLC -- thanks for keeping me abreast of the location of Hooterville!
LC & Jack , can't have it both ways
January 11, 2008 - 20:20 ET by upcountrywaterHooterville
Hooverville
iranian uranium; iranian uranium, iranian uranium..
Oh joy to the world, 19 more atomic power plants!
I agree with Cramer, but....
January 11, 2008 - 19:34 ET by c5thenNot for his reasons. The FED is a private consortium of international banking and financial institutions who were given the power to issue the fiat currency of the United States of America in 1913. Once they started opperation and the 16th amendment was "ratified" allowing an income tax on individual people, inflation started to rise at an ever increasing rate. The FED actually caused the Great Depression in order to redistribute the vast western wealth among the eastern banking powers (through Real Estate forclosures) and put the local and state banks out of business because they were not part of the Federal Reserve System.
Before the FED, the inflation in the 19th century was -0.2% as measured against gold. Atfer the FED, inflation has averaged 5% per year till the present. What does that mean?
From 1800 till 1912 the value of a US Dollar stayed almost exactly the same as measured against the value of gold and the equivilent goods it would buy even though the average income of the typical citizen increased by about 1000%. From 1913 till present, the value of the Dollar has fallen (as measured against gold and the equivilent goods it will buy) by 500 times. What it took $1 to buy in 1912 would take roughly $500 today.
That is what the Federal Reserve has done for us.
Thanks so &%$@%^&* much!
The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.
Cramer is a loser
January 11, 2008 - 20:00 ET by SlicksterHe's shorted his portfolio and now wants a government bail out, him and his hedge funds buddies and go eat liberal s**t.
Jim Cramer is a conservative
January 11, 2008 - 20:21 ET by goldbarJim Cramer is a conservative who backs Romney for president.
What??!!
January 11, 2008 - 20:39 ET by c5thenThat statement is an oxymoron.
The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.
Cramer
January 12, 2008 - 00:00 ET by mikebromoThen why has he given $260,000 to Shumer and other democrats?
Before FED the boom and bust
January 12, 2008 - 10:30 ET by Evil CapitalistBefore FED the boom and bust cycles were also truly boom and bust.