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[Jim] Cramer: Depression Comparisons are 'Scare Tactics'
Business & Media Institute ^
| 2008-12-02
| Nathan Burchfiel
Posted on 12/02/2008 9:43:23 PM PST by rabscuttle385
CNBC Mad Money host Jim Cramer said on NBCs Today show Dec. 2 that comparisons between the current economy and the Great Depression are scare tactics. Maybe he forgot about his own reliance on the juxtaposition.
[T]hats got to be taken off the table, Cramer told Today host Meredith Vieira about comparisons to the Great Depression. There have been enough things done by this government to absolutely preclude that. I, myself, do not want to use that term ever again on the Today show even to compare it. Things are very different. We do need help from Europe; we need help from China. But take the Great Depression talk off the table. That is scare tactics.
(Excerpt) Read more at businessandmedia.org ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: bailout; bho2008; deranged; economy; financialcrisis; jimcramer; mentalinstability; panicof2008; recession; unhinged
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2
posted on
12/02/2008 9:43:54 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
*Ping!*
3
posted on
12/02/2008 9:44:20 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
What “help” is he talking about from foreign nations? Is he talking about international trade? if so, it’s not really “help,” since they benefit from it equally. If he’s talking about something else, what does it mean?
4
posted on
12/02/2008 9:46:12 PM PST
by
Tublecane
To: rabscuttle385
do people still watch cramer?
5
posted on
12/02/2008 9:47:06 PM PST
by
ken21
(people die and you never hear from them again.)
To: ken21
do people still watch cramer?Only for mindless entertainment.
6
posted on
12/02/2008 9:47:32 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
Cramer who?
7
posted on
12/02/2008 9:48:21 PM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: rabscuttle385
All these people that say we are at the worst economic crisis since the Great Depression, conveniently forget the Carter years of malais. We're nowhere near where things were then.
But with current activities, and Obamas plans, we sure will be there in short order.
8
posted on
12/02/2008 9:49:59 PM PST
by
mountn man
(The pleasure you get from life, is equal to the attitude you put into it.)
To: rabscuttle385
9
posted on
12/02/2008 9:50:39 PM PST
by
Nova442
("Cry Havoc and let slip the Dogs of War.")
To: All
What was Crazy Cramer saying before the election. Was he one of those people that kept saying this was the worst economy in forty years.
10
posted on
12/02/2008 9:57:40 PM PST
by
pepperhead
(Kennedy's float, Mary Jo's don't!)
To: rabscuttle385
Cramer can't make statements either way. He doesn't know - nobody does.
Everyone keeps talking about how the Great Depression had unemployment rates of 25%. That's true - but that didn't occur until 1933. The unemployment rate in 1929 was around 7.5% - pretty much where we are currently.
Let's see where unemployment sits four years from now and then compare notes...
11
posted on
12/02/2008 10:02:49 PM PST
by
politicket
(Barack Obama - "Chains we can believe in")
To: rabscuttle385
Cramer needs a tranquilizer... administered anally.
12
posted on
12/02/2008 10:04:29 PM PST
by
fieldmarshaldj
(~"This is what happens when you find a stranger in the Alps !"~~)
To: rabscuttle385
My only use for Cramer would be target practice. I mean, a cardboard lifesize picture of course... not the REAL Cramer. Uh, that’s my story, and I’m sticking to it.
The patented James Cramer target. The only good use for him.
If I had a benji for every one of his lies or bad calls, I would own CNBS.
To: rabscuttle385
Wasn’t he recommending people earlier this year to buy into Wachovia, and other companies that soon failed?
Now he’s saying that talking about a depression is scare tactics. Given his track record, that’s scary to me!!
14
posted on
12/02/2008 10:09:23 PM PST
by
KoRn
To: mountn man
>>We’re nowhere near where things were then.<<
That is like saying a redwood sapling is not as big as a full grown alder.
Wait until it reaches adulthood...
15
posted on
12/02/2008 10:11:40 PM PST
by
RobRoy
(Islam is a greater threat to the world today than Nazism was in the 1930's.)
To: rabscuttle385
I agree. Notice when the left gets in; more scare tactics are used.
16
posted on
12/02/2008 10:11:44 PM PST
by
freekitty
(Give me back my conservative vote.)
To: freekitty
For clarification. I don’t agree with Cramer.
17
posted on
12/02/2008 10:13:02 PM PST
by
freekitty
(Give me back my conservative vote.)
To: freekitty
Sorry, notice this is like the Clinton years.
18
posted on
12/02/2008 10:13:47 PM PST
by
freekitty
(Give me back my conservative vote.)
To: freekitty
this guy told people to sell when the market was falling so fast! his motto buy high sell low! this guy is a huge clown!!!!!!!!!
To: RobRoy
Choosing to pick and choose what you want to see?
Here is the last part of what I posted
But with current activities, and Obamas plans, we sure will be there in short order.
20
posted on
12/02/2008 10:20:42 PM PST
by
mountn man
(The pleasure you get from life, is equal to the attitude you put into it.)
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