Jim Cramer Responded To Me On The Air

by: AdamGreen

Mon Feb 02, 2009 at 19:27


This morning, at the Huffington Post (and cross posted at OpenLeft), I posted: "NBC Has An Erin Burnett Problem."

I made the case that on Sunday's Meet The Press Burnett repeated pro-Wall Street talking points over and over again and implied that the public's anger over recent corporate abuse was silly or a result of ignorance. I attributed her skewed analysis to the fact that she's "embedded" on Wall Street, dependent on Wall Street executives for access on a day-to-day basis and therefore overly-primed with their talking points.

Quick update. Jim Cramer and Erin Burnett talked about it on the air today. (Video here.) Burnett sent me a respectful, though disagreeing, email. I've extended an invitation to her to liveblog with me about Wall Street and journalistic issues -- we'll see if it happens. Thanks to all those who engaged in the comments this morning. Wanted to keep folks posted on the latest.

AdamGreen :: Jim Cramer Responded To Me On The Air

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Aside from vblogging (4.00 / 1)
does she have any interest in addressing the substantive complaints made about her "analysis" or is she just going to pout?

Will she agree to let you post the email exchange? (0.00 / 0)
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well (0.00 / 0)
I'd rather just do the liveblog, where we could pretty much cover any substance that was in the emails.

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I read your HuffPo piece .. (0.00 / 0)
I gather you have her personal email(whether work .. or personal personal email) ... I wonder why she didn't reply originally .. and I wish I had known about this before ... I occasionally watch CNBC .. and she is just as dumb as McMegan .. neither one know anything about business .. they just spout right wing talking points ... I would have made notes of her silly rants .. but alas .. I didn't .. so I am not sure what to ask ... Is she prepared to pay much higher taxes for the banks to get bailed out? .. since this country is in do much debt already?  Does she think those that make under $80,000 a year should have to subsidize Wall Street?  If so .. why?

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watch the video (0.00 / 0)
watch the video, or check out my original OpenLeft post...the email's there. feel free to email her in the future -- it's healthy for reporters to hear feedback from the public.

if you want to "wait and see" what she does next time she's on Meet The Press, that's constructive too. (and you can take notes :). If she does better, I'm willing to give kudos.


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I am willing to give them if they are due as well ... (0.00 / 0)
I've never seen her on MTP yet .. in fact .. the only time I've watched MTP in years was when Markos was on opposite Harold Ford(and David Gregory was guest hosting because Russert was on vacation) .. I've only watched her on CNBC .. lets face it .. the only reason she is on there is because she is a pretty face .. but I'll go back and look

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nice job on (0.00 / 0)
holding them accountable. Excellent.

to be fair, she took the "why tax cuts" viewpt. earlier today. (0.00 / 0)
Grilling some C type about what type of 'stimulus' made jobs soonest.  She didn't really press it, but if you paid attention, she won the point of not understanding how tax cuts make jobs better than gov. spending.

I thought she was fairly good, for that show.


My questions (4.00 / 1)
The median household income in this country is $49,000. Many working class families are suffering economic hardship right now, and many - even those who do their job well - are losing their jobs. Why should they be asked to subsidize the six, seven (eight, nine) figure salaries of the industry that got us into this mess?

Isn't it a bit odd to ask working class families to "take a haircut" when it comes to entitlements and social programs, but bankers and wall-street blue-bloods aren't expected to make lifestyle sacrifices when their industry tanks?

Conduct your own interview of Sarah Palin!


cramer (4.00 / 2)
is a boot licking bozo and always has been.

What I asked. (4.00 / 1)
I actually was pissed enough after watching Erin Burnett that I sent an email to MTP (for whatever good it does).  The Gist of it was that why are you letting Erin mouth off without asking the other half of the Bonus Question:  Would the Bankers be getting their Bonuses if their bank had been allowed to Fail.

As a villager, it's becoming more obvious to me that my tax dollars may very well be better spent by letting the government nationalize the banks, resetting their balance sheets (wiping out the shareholders in the process), then re-selling the cleaned up banks to the public.

For the Bonus Question, I refer you to this article from the European Tribune, written by a banker, that explains the mentality behind bonuses and an elegantly simple solution for them.  


I'd prefer another solution (0.00 / 0)
Just implement a rule that companies who want to pay boni to their staff will have to pay them to all their employees, proportional to their base salary! Let's be serious, it simply isn't true that those CEOs and financial managers created all those profits singlehandedly! It's always the result of a team effort, so everybody should profit from bonus payments. This would ensure that of any given amount of bonus payments, the guys at the top would receive less, and even low level staffers would get a share. and then, of course, this has to be taxable income, no loopholes for fund mangers anymore! Wouldn't this be the best solution? Let's get rid of the cronyism and the sugarcoating of special deals, and ensure that everybody gets a fair share of the profits!

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