Creating Outcasts
Tom Smith gets it right:
But isn’t it obvious? This is not about whether Cramer picks stocks well or not or has a good crystal ball. It is about the fact the Cramer dared to criticize Obama harshly and effectively from his very prominent pulpit. Mad Money has a huge audience, and Cramer went off on what Obama is doing to the stock market. Repeatedly calling Obama a “Leninist”! That’s pretty strong talk, and for that he must be punished. More than punished, he must be stopped. This is a campaign to shut Cramer up. This is just more Saul Alinsky and it’s actually pretty creepy stuff. It’s sending the message to those in the media who dare to criticize the O that the White House’s pet media will go after you personally if you do. I don’t know if there’s such a thing as comedic integrity, but for Stewart, I think ideology comes first. Notice the response is not to defend Obama but to try to discredit Cramer, and his network CNBC as well. His critics are trying to get Cramer’s bosses to lean on him too. I don’t think it is too conspiratorial to suspect the White House is, let’s say, following this dust up carefully.
via The Right Coast: Clueless on Cramer Tom Smith.
Lots of smart people who should know better eating this stuff up. I’m no fan of Cramer — and would welcome an honest criticism of him, but that’s not what this is.
