Forum Overview :: ELECTION WATCH 2012 :: hit and run defending cramer

[quote name="Weyoun Voidbringer"]<a href="http://reason.com/blog/show/132270.html">http://reason.com/blog/show/132270.html</a> [quote]No, neither Jim Cramer nor CNBC created this mess. They focus mostly on stocks, and though people tend to think of the stock markets as synonomous with the financial system, they just haven't had much to do with the current problems. And thank God, really. I'd rather not hand over the responsibility for the US financial system, or even my retirement account, to a guy who goes on camera to bite the heads off of plastic bulls. The problem with Jim Cramer is the problem with the Jonas Brothers: what he does simply isn't much good, for all that people seemingly have a large appetite to consume it. And he encourages people to pursue a destructive activity, trading their own portfolios, when most economic research shows they'd be better off in an index fund. But this is a minor sideshow. Going after Jim Cramer is like trying to fix your marriage by getting new drapes.[/quote][/quote]