Pop Culture Cuisinart

Jim Cramer should have walked away. Yes, Jon Stewart mocked him, but hell given his predilection for grandiose market predictions in the face of harsh economic reality, he deserved to be mocked. When a comedian sets his sites on you, do not respond, you will look foolish. Remember John McCain on Letterman? Emergency meeting in DC, ha, play fast and loose with the facts and your satirical comeuppance will arrive swiftly. Comics will rip you to shreds, you are best suited to walk away, take your medicine and STFU. But no, Cramer's ego had to be sated, he couldn't leave well enough alone. In to the lions' den he walked, and exposed he got.
What Stewart exposed is cringe-inducing now that we can all see it. The entire CNBC network was a parade of loud clowns and clucking suits who were little more than Music Man style boosters tossing candy and beads. A veritable market Mardi Gras that we were all invited to. Just trust the jolly hucksters with your nest egg, we have the power of the market! CNBC's viewers were mid-level market enthusiasts, people who make above, say, $200,000 a year and who made a significant market adjustment in their portfolio once a week or so. For them, listening to CNBC allowed them to imagine they were Warren Buffett. The entire network fluffed into existence a dreamscape of risk-taking courage, occupied by bold men who fancied themselves wielding their buy orders and their futures like swords--a place where the invisible hand was guided by the strong and large capped. But the reality was that they were just normal men checking their Fidelity accounts on their blackberrys while dreaming the big dreams of the sure to be rich soon set. Reality dealt a cruel blow to these aspirations.
And so the end has arrived to the boom time. The market overinflated to such a staggering degree that it make take a decade to burrow out from under the bad investments. All along the irresponsible reporting of CNBC, fed and fanned these flames. They are not interested in reporting on what's really happening on Wall Street because they are afraid that they will lose access to CEOs, the captains of industry. What will we do if we can't interview Stanford or Madoff? The sad part about all of this is that CNBC has also been played by these CEOs. These CEOs have had a platform, a sounding board to pump their companies up while dumping their stock for millions, leaving mom and pa 401k investor high and dry. That is the real ponzi scheme on Wall Street. And now these bold capitalists have turned into brave Sir Robin's running to the government for some corporate welfare. I say a pox on all their houses.