Jim Cramer the Day the Fed Cut Rates

http://www.donharrold.net Jim Cramer. What a piece of work. This video is unreal. You know all that baloney Jim's been spreading about the awful, slow, terrible, "they no nothing" fed? Well, come to find out, the VERY DAY of the first rate cut last year, Jim said - get this - they should NOT cut rates, that a 50-basis-point cut would be a CATASTROPHE, and, that they should NOT WORRY about the stock market EVEN if the market tanked 1000 points. Yeah, I know, that sounds like , well, I'm making it up. Alas, no, I'm not. You see, Jim is what you call a liar. A hypocrite. A BAD GUY. His rants about the fed are what I said they were: Scripted nonsense to explain away his horrible picks and market call. The truth is that he was AGAINST rate cuts from the start. Or, at least for the few moments he was in front of the camera the VERY DAY of the rate cuts last year. When, oh when, will someone with integrity at CNBC do the right thing and get him OFF THE AIR?

YouTube | February 14, 2008

Tags:. .oh. .away. .rates. .rate. .money