On the 12-March-09 Daily Show, Jon Stuart’s convoluted baiting and strident condemnation of the rather dimwitted Jim Cramer (CNBC’s ‘Mad Money” host) was engineered to produce 12 minutes of entertaining television. As is so often the case with “entertainment”, insight and understanding are sacrificed on the altar of showmanship.
Nevertheless, the substance of Stuart’s argument holds water. Media pundits and those who parrot those pundits, are shills for the con-artistry of financial wheelers and dealers who employ pseudo-scientific mumbo jumbo to dupe their unwary marks into believing that they can get something for nothing. As with all shills, the methods used by financial “journalists” and the “information” they proffer, are engineered to deaden critical thought and entice their Marks to play the game.
Cramer’s best defense? That’s entertainment!
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