Saturday, March 14, 2009

How synergistic business practices work.

Short answer: not in your favor.

Example: Jim Cramer went on The Daily Show and he was not being aggressive. He admitted error. Not as much error as Jon Stewart thought he should admit, and Stewart crushed him. Stewart quoted Carly Simon and told Cramer "This song ain't about you." It's about a business press that is more lapdog than an in-house newsletter.

Good for Jon Stewart.

So this was a story covered in many, many places around the news media. Lots of websites put it as one of the big headlines, if not the biggest headline. How about the media's current darlings of the left, Keith Olbermann and Rachel Maddow?

On Olbermann, crickets.

As reader BobManDo, points out Rachel did bring it up on Friday, but I must have tuned out before she did and it wasn't one of the topics she brought up at the top of the hour as a preview. My apologies.

I don't watch Morning Joe, but on the Huffington Post it was reported that Cramer didn't go on the MSNBC show the morning after the Stewart beatdown and it was not a topic of conversation, though they did discuss Cramer going on the Martha Stewart show.

Cramer works for CNBC. You can fully expect that none of the networks with "NBC" in their name will be discussing what a useless sack of crap Jim Cramer and his entire network are.

Let me give Olbermann some props. He did go after Don Imus, employed by MSNBC just like Olbermann, when Imus clearly crossed the line, calling the Rutgers women's basketball team "nappy headed ho's". But when CNBC host Erin Burnett said we needed cheap Chinese goods, so a little contaminated milk was a small price to pay, what was the Olbermann response?


Olbermann's arch-rival Bill O'Reilly wrote a book called Who's Looking Out For You? You would have to be retarded to think the answer to that question is Bill O'Reilly. But the sad answer is "no one". You are on your own, and you have to find people to help you protect your best interests, and it won't be the same people on every topic.

Especially when synergistic business practices come first.


Anonymous said...

While I enjoy watching Cramer every night, one must remember the show is primarily entertainment. The financial networks exist to promote their advertisers financial and investment products. Who would expect them to warn about the credit bubble or coming Washington national debt collapse which will destroy much of the remaining private wealth in America today or what this will do to the dollar, the stock market, bonds, gold or the real estate market?

China is now worried about their dangerous over investment in US Treasury obligations. Washington ’s long-term choice is either repudiation or monetization. For monetization to be effective, the depreciation in the dollar would have to be substantial and this in turn would dramatically raise prices of imports for American consumers which would mean a tremendous drop in foreign imports. Debt monetization would cause more disruption to exporting nations than selective repudiation of Treasury debt.

The Campaign to Cancel the Washington National Debt By 12/22/2013 Constitutional Amendment is starting now in the U.S. See:


Ron with 30 plus years in the investment business and banking industry.

CDP said...

Meredith Vieira of all people brought it up on the Today show...they even showed a clip. I was amazed, because I thought that all of the NBC networks would totally ignore it.

Matty Boy said...

Thanks for letting me know, CDP. I watch very little TV in general and next to none before noon.

BobManDo said...

Actually, Rachel Maddow *did* bring up Cramer/Stuart on her Friday night show.... I had "tweeted" her earlier... there were other tweets too partially because of the reports that NBC brass was going to censor... Go Rachel!