Monday, October 06, 2008

You More Than Anything

Yesterday, Jim Cramer appeared on The Today Show, a humbled and beaten man. His appearance was no less striking for what he said, but it's hard to have sympathy for the man who predicted this would happen, repeatedly called for GM to break the UAW and continues to kowtow to unfettered capitalism.

Last night, within only a few hours of his appearance on The Today Show, Cramer turned up on The Colbert Report, where he refused to blame the current administration for the unfolding economic disaster but says Republicans had a lot to do with it. Don't worry, he finds plenty of blame to lay at the feet of Bill Clinton. I would have been disappointed if he hadn't. This bit of fancy footwork is unbelievable. If his career as a guy screaming about Wall Street on TV is over, I'm sure he'll do very well on Dancing With the Stars.

This morning, poor Jim Cramer again appeared on The Today Show, defending his warning to Americans that they should remove anything they'll need for the next five years from the stock market. Oddly enough, Americans did not want to see the defeated Mr. Cramer admit defeat, and they attacked him for - well, you'll see. It is the most pointed example to date of the administration's successful campaign to numb Americans to fear. Congratulations, Republicans. Congratulations, runaway capitalists. Your oracle of venality gibbers on. This disaster is all yours, and none of it was an accident. Fortunately for you, when told to take cover, people who've been conditioned to believe you will take care of them still believe it, and they will stand there believing it as the sky falls.

As for Mr. Cramer -

It is impossible to pity him. He will be fine, once the humiliation of being right, a moral failure and unable to see what he could have done differently wears off. It is plain that he will not suffer the loss of his home - or much else, probably. He won't see what he contributed to the vast harm bearing down on billions of people. His blindness protects him. I wouldn't want to be him if it fails.



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