Jim Cramer (Mad Money Ghuru) admits to manipulating stock markets

The Huffington Post has dug up this little gem:

After complaining about Jon Stewarts’ skewering him on a comedy show, Cramer has proven to be a bigger dirtbag than previously assumed.  Cramer brags about manipulating the market:

(Cramer) calls it “a fun game, and it’s a lucrative game.” He suggests all hedge fund managers do the same. “No one else in the world would ever admit that, but I could care. I am not going to say it on TV,” he quips in the video.

He also calls Wall Street Journal reporters “bozos” and says behaving illegally is okay because the SEC doesn’t understand it anyway.

Why isn’t this guy  in jail?!

The Huffington Post frames Cramer’s views nicely:

  • -On manipulating the market: “A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,”
  • -On falsely creating the impression a stock is down (what he calls “fomenting”): “You can’t foment. That’s a violation… But you do it anyway because the SEC doesn’t understand it.” He adds, “When you have six days and your company may be in doubt because you are down, I think it is really important to foment.”
  • -On the truth: “What’s important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view – it is important to create a new truth to develop a fiction,” Cramer advises. “You can’t take any chances.”

This guy needs to be locked up.

fruitfly21On March 9th, Cramer sent a memo to Bill Mahr where he complains:

“Stop insulting my faux great-great-uncle Vlad Lenin. I am using him to dramatize the point of a failed nationalization and confiscation of the banks at the hands of the people. It is funny how the right is certainly very civil as my old friends and new allies as of last week, Fred Barnes and Sean Hannity, don’t hold my left wing social view against me when they talk about my criticism of the president! I always love anyone from Fox on the team because they are fierce in their defense with much less gratuitous slamming.”

Ben Folds: You don't know me
What a disgusting Republican turd.  He’s convinced greedy people to spend friviolously on the stock market, lost them mllions of dollars and now he’s clinging to Right Wing douchebags and complaining that people on the “Left” don’t like it.  …That those “Lefties” have no right to criticize him on anything.

Throw this douche in the slammer!

McCain criticizes Obama and his Stimulus Bill

Mexican fruit fliesIt seems that every Sunday morning, CNN becomes more and more of a right-wing tool. That guy John King; he’s the only “news” person on television who doesn’t have to tell us what his party affiliation is: He doesn’t have to — it’s grossly obvious.

Last week, John King had some Republican strategist named Alex Castellanos (as if I care), along with Donna Brazile and Gloria Borger (another GOP tool-job) in a four-way conversation. Between Castellanos demanding that Democrats practice strong bipartisanship on the Stimulus bill and Borger’s constant “dire warnings of repercussions” if Obama does anything wrong — and there sat Donna Brazile in the middle.  Not only was she the only Democrat sitting at the table, she was the only one who made any sense out of anything being discussed.fruitfly21

This grand and glorious Sunday morning, King is in a sit-down session with a Democrat John McCain for a chat-session to bitch about Obama (and his recent success for a Stimulus Package)..

But, what else is new?

It isn’t like CNN will take the time to interview say…Harry Reid or even Steny Hoyer any time soon. Democrats rarely get interviewed by themselves on CNN.  If CNN interviews a Democrat, the interviewer plays offense – forcing the Democrat to play defense. Then, the CNN-Interviewer follows up with a guaranteed interview with a couple of Republicans who will de-construct whatever was said five minutes earlier and the Republican is handed softball questions.   It’s really easy to spot the pattern.  Don’t even get me started on that Right Wing Tool-Job named Wolf Blitzer!  The only thing that hasn’t happened is that an elephant hasn’t crapped on Blitzer’s head to make that whole scene complete.

CNN simply kids themselves into thinking that we’re not paying attention. CNN is dead: Please don’t tell anybody that I predicted it first. CNN has outgrown their own “star quality” – Watching CNN is like watching a Brady Bunch Reunion, with all of the original non-talented actors standing around trying to think up something special to do and so they dress up in spandex and sing a song instead.

So to put some diversity in the Big Blond Network, they hire D.L. Hugely to pretend to be Bill Mahr an he ends up looking like Time Warner’s personalized Uncle Tom.  It’s such a crappy news source these days…Blondes, cranky old guys and then there’s D.L. Hugely.

So here’s CNN presenting the Republican candidate for President that lost in the 2008 election spitting on the Democratic candidate who won the 2008 election…on CNN. (Because the Loser of the 2008 Presidential Election will always makes better News? Sorry, I missed the follow-up interview CNN had with Al Gore and John Kerry.) And here’s McCain bitching about Obama’s Stimulus Bill:

“It was a bad beginning,” McCain said Sunday of the legislative process that resulted in the $787 billion stimulus bill recently passed by Congress. “It was a bad beginning because it wasn’t what we promised the American people, what President Obama promised the American people – that we would sit down together.”

Whatever… Obama sat down with the Congressional Republican behind closed doors, you stupid Old Goat. In fact; Senate Republicans rejected Obama’s offer of collaboration. In fact, while Obama was meeting with Republicans behind closed doors (something you’d never see Bush doing by meeting with Democrats behind closed doors), John McCain was front and center to criticize Obama’s lack of bipartisan ship as far back as last week!

Sen. John McCain (R-Ariz.) belittled the negotiations on trimming the bill, calling them “discussions being held behind closed doors between two or three or four Republicans” and a group of Democrats with the aim of getting a filibuster-proof 60 votes to pass the legislation.

“Obviously, the overwhelming majority of Republican senators are opposed to this legislation,” McCain said. “This is not a stimulus bill. It is an Iraq War spending bill full of unnecessary spending in the Iraq Oil War.” He added that talks in which Democrats “try to pick off two or three Republicans” cannot lead to a “bipartisan agreement” borrowing money to fund the Iraq War. (Which costs the US Taxpayer over $3 Trillion!!)

McCain TalosianThis all boils down to one thing: “The Republicans don’t get their way anymore.” They’ve become spoiled children who can no longer suck off the teat of the American taxpayer. They’ll have to pay for their whores and their penis drugs out of their own pockets because the bribe money has dried up.

McCain continues crying and watch the logic-flow of his statement:

While McCain said he appreciated the fact that Obama came to Capitol Hill to speak with House Republicans about the stimulus bill. But, “that’s not how you negotiate a result.” Instead, “you sit down in a room with competing proposals” and “almost all of our proposals went down on a party-line vote”

“I hope the next time we will sit down together and conduct truly bipartisan negotiations. This was not a bipartisan bill.”

So…ummm… lesseee…. Ummm…You’re admitting that the Republican Party wasn’t being bipartisan? Because if you produced your proposals, and they went down on a party-line vote – that means it was the Republicans who aren’t bipartisan? And, to say that this wasn’t a bipartisan bill is pure bull-hockey.

It was the Democrats who compromised with the Republicans!

Many Democrats would have preferred a larger bill, but agreed to pare back, including cuts to favored education and health programs, to win three crucial Republican votes in the Senate.

“Legislation is the art of compromise, consensus building, and that’s what we did,” the Senate majority leader, Harry Reid of Nevada, said in announcing the accord.

Democrats are always capitulating with the Republicans and the Republicans will sit back and vote against the bill anyway! It’s an excercise in futility! Why compromise with anything the Republicans want when you know they’re going to vote against it anyway!

McCain continues:

McCain also spoke about the potential long-term effects of the stimulus bill.

“We are committing generational theft,” McCain said. “We are laying a huge deficit on future generations of Americans.”

Wait a second here! It was McCain who said he didn’t know anything about the economy.

Fact: In November 2005, McCain said in an interview:

“I’m going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.

Fact: In December 2007, McCain said about economics:

The issue of economics is not something I’ve understood as well as I should,” but “I’ve got Greenspan’s book.”

He’s got a freaking book?!? He’s got a book?!?! Do you think Crayons came with that book too?

Fact: The Republicans wanted tax cuts in this Stimulus Bill and they got over $200Billion in tax cuts.

Fact: There were Republicans who added projects to this Stimulus Bill, who voted AGAINST the bill, then run around and brag about the stuff they added to that very same bill!

Fact: During the Banking Bailout plans when Bush was in office, it was once again McCain who was the spoiler in the room.

Democrats angrily accused House Republicans — and McCain, in particular — of grandstanding.
“John McCain did nothing to help. He only hurt the process,” Senate Majority Leader Harry Reid, D-Nev., said after attending the White House meeting.
Sen. Chris Dodd, the Banking Committee chairman who was among those announcing the agreement earlier in the day, questioned whether the White House meeting was a cynical GOP effort to make McCain seem like a statesman at a time when voters’ economic concerns have hurt McCain in the polls.

“For the life of me, I don’t know how what was going on (at the White House) was anything except political theater,” Dodd said after the meeting.

McCain’s interview with John King concluded with more stupidity:fruitfly21

Failure to bring the federal government’s spending back in line with its revenue once the economy improves could lead to inflation and debasement of the dollar down the road, McCain also told King.

mccain-baghdad

Hrmmm… I wonder how concerned McCain was on federal spending when Bush demanded $30Billion a month for his Iraq Oil War? Did you see any concern about federal spending when McCain wandered aimlessly through the streets in downtown Bahgdad with 800 helicopters hovering over him and three platoons following behind him?

These Republicans are running a huge risk playing this hypocritical spoiled brat syndrome. If the economy does indeed tank, the American voter isn’t going to run to the GOP to fix the problem. The Republicans are

One Month Off arrogantly kidding themselves by playing this game. And if the economy does improve, like all signals are pointing towards – the were be little room for the GOP to have any bragging rights. But, since the GOP is only a Regional Political party now, we should hardly expect anything of significance from them anyway.

Trinket Jewelry Proves Patriotism

GOP White GuysMy husband life partner were watching Real Time with Bill Mahr with Representative Jack Kingston (R-GA) desperately trying to sound like a buffoon. During the show, Kingston questions Barack Obama’s patriotism because he doesn’t wear a US Flag lapel pin on his jacket. The audience moans in utter disbelief, and yet both of us spotted that Kingston wasn’t wearing a lapel pin either!

“Hypocrite!”

housefly
Yesterday, Congressman Kingston shows up on MSNBC’s Live with Dan Abrams who’s segment is a focus on the right-wing smear machine. “Home Skillet” immediately ponders the patriotism of someone who doesn’t wear such a lapel pin on his outer jacket, he thinks there’s cause to question one’s patriotism. This time, Dan Abrams catches him at it and points out to the Congressman that he’s not wearing one himself! Watch the sputtering here.

It might be pedantic of me to point out that in 1992, when Congressman “Home Skillet” ran for US House of Representatives in the 1st Congressional District of Georgia; he ran on the platform saying:Black Garbage Flywsd2

“I have a Democrat’s heart and a Republican’s brain. You have to have a heart, but a brain, too, to solve problems,”

These Republicans: Sometimes you want to shove your thumbs into their eyeballs and smack them upside their empty little heads. Enter DailyKos, Crooks and Liars and TPM and the rest of them to do just that:

FruitFly