Tuesday, September 16, 2008

Sometimes when crazy people are screaming about Armageddon, it's because they are on to something.



Remember when Jim Cramer freaked out last August screaming about how Ben Bernanke "HAS NO IDEA HOW BAD IT IS OUT THERE!!!!! NO IDEA!!!! THESE FIRMS ARE GONNA GO OUT OF BUSINESS!!! THE FED IS ASLEEP!!!"

Gawker reminds of us his August 07 forecast and his (more tempered) commentary from yesterday HERE.

13 comments:

hello gorgeous said...

I love Cramer. Crazy MoFo.

I especially love his line (paraphrasing), "Trust me when I tell you this. It is going to get me uninvited to some of the best parties around."

My husband thinks he's full of shit.

Be the change..... said...

My right-wing nutjob dad thought I had anger issues when I was trying to seriously discuss issues and why not to vote for Mccain. Seriously -when a nutso republican goes off on family values it's ok, but going off on the demise of the country is unacceptable. Whenever they don't have a response they claim you're billigerent, a 'liberal' or a socialist!

Melissa H said...

Be the Change...- I've been in the same situation with my dad, and he just tells me I'm unpatriotic.

Be the change..... said...

I know, Melissa: they just have ways of cutting you off and not listening! Thats how we got into this whole mess in the first place.

Simone said...

will all this chap's screaming and yelling make AIG any better? find people a way out of foreclosures? or save people's 401ks from tanking? can he be more solution oriented, please?

Decorina said...

I listened to Cramer last year but didn't hear the latest from him. Thanks for posting this.

I DID just get home from hearing Obama speak in Golden, CO. I didn't agree with him on every single point (clean coal? An oxymoron in my book) - but at least he has some material and wasn't reading from a teleprompter.

I only hope that the voters don't vote to qualify the US for the biggest Darwin award on the planet.

Be the change..... said...

Does anyone know what clean coal actually is? How is it different than regular coal? I've been hearing a lot about it lately -signs are up all over pennsylvania for it whenever I drive home.

Decorina said...

There seems to be a notion that "a technology" of some sort is out there that will allow us to burn coal without creating CO2. Whether they plan to capture it after the coal is burned or magically transform the coal before hand - well, that hasn't exactly been described so that a human can understand it.

The US has much of their available energy reserves in coal. So all politicians would like to find the magic bullet that would make that coal an answer to the never ending escalation of the demand for power that the US residents require.

Therein lies my inability to exactly wrap my head around that whole concept. But there is much we can do besides just demanding that we must acquire and maintain a 4,000 pound vehicle to carry around a parent, two kids (or 2.5 as the case may be) and a few bags of groceries!

I'm just thinking that maybe clean coal is something like a unicorn.

Christine in DC said...

I don't understand clean coal (I see those signs in PA driving home too)--and it may limit our "dependence on foreign oil" but it won't limit our dependence on fossil fuels. I vacillate between feeling bad for coal mining communities and the earth...all while frankly, sitting here being a smug, fossil fuel-using person. Sigh.

I was going off like Cramer last year too--actually, it may have been in 2005-6 when I was looking at all the people refinancing and taking out home equity loans and buying shit they couldn't afford which made our whole economy seem like it was built on a house of cards...and was going THE END IS NEAR! REPENT! I'm no economic expert, but...

Anonymous said...

"I was going off like Cramer last year too--actually, it may have been in 2005-6 when I was looking at all the people refinancing and taking out home equity loans and buying shit they couldn't afford which made our whole economy seem like it was built on a house of cards...and was going THE END IS NEAR! REPENT! I'm no economic expert, but..."

Say it, sister! Everyone was living better than me for way too long. I was busy saving and using my old cell phone, and driving my junker cause it still worked fine. I felt like screaming too.

David said...

BTC, I feel for you. My mom noticed my Obama 08 bumpersticker and said, with complete seriousness, "You're not REALLY going to vote for him are you?" I spent the rest of the day trying to decide if she was a bigot or a zenophobe.

Anonymous said...

Maybe she just doesn't approve of his policies... but I agree with you that it's much more fun to call your mom names than to imagine she might have a rational, non-bigoted reason for her rhetorical question.

Abbey Goes Design Scouting said...

D --- I love this post! xo me