Jim Cramer on 'The Colbert Report': How to invest now

Funny but scary!

I think Cramer should be thrown off TV for his irresponsiblity in journalism. People actually listen to him and follow his advise and he's an idiot.

CNBC has shown themselves to be a PR front for Wall Street. These "experts" irresponsibly cheered a bubble market and now throw rocks at the administration for taking sober measures.
The writing was on the wall, even I, who have no credentials in finance or markets saw it coming. They were selling snake oil and now an untold number of people has lost their 401ks and savings, because these "experts" giving "financial advise" didn't know what the heck they were talking about. They are frauds.

Oh my god, I missed this the first time through, Cramer is actually saying this is all the Dems fault?! The Dems are not free of guilt but Bush pushed hard for deregulating the lending industry and talked of an "ownership society"? What about the federal watchdogs which were castrated by deregulation and were not able or were even hushed to NOT report on the actual state of the industry? What about the reports that AIG was ok when it was in fact tanking? Bush let Wall Street off the leash and they made a mess, he himself said that. There's plenty of guilt to go around but to say that you can't blame this on Bush at all is the height of nonsense.
Cramer is an idiot and has proven once again he is not worth listening to.