Erin Burnett

Cramer React to SOTU: Notes Nat Gas Ignored by Obama; Defends Geithner
By Jeff Poor | January 28, 2010 | 6:09 PM EST

President Barack Obama encouraged some business interests by mentioning nuclear energy and offshore drilling during his Jan. 27 State of the Union speech. Those less popular energy solutions joined the usual alternative rhetoric of wind, solar and bio-fuels.

But on CNBC's Jan. 28 "Street Signs," Jim Cramer, host of CNBC's "Mad Money" noted something was missing - an important onshore energy source, natural gas. And as for the nuclear energy signals - he wasn't convinced Obama was serious.

"I mean, I want to point out I thought the nuke thing was just the boilerplate nuke," Cramer said. "[Energy Secretary Steven] Chu is a research director, the Energy Secretary, really is more of a professor. Offshore oil and gas, the issue is onshore. Natural gas wasn't mentioned, got to be really careful about that."

Tina Brown: Limbaugh 'Like the Bad Fairy at Sleeping Beauty's Christening'
By Matthew Balan | December 31, 2009 | 11:54 AM EST

The Daily Beast’s Tina Brown targeted Rush Limbaugh for ruining 2009, particularly after Obama’s inauguration, on Thursday’s Today show on NBC, blaming him for the “big discord and toxic atmosphere in politics,” and likened him to the “the bad fairy at Sleeping Beauty’s christening” for uttering his famous words about the President, “I hope he fails” [audio clip available here].

Brown slammed the talk show host just hours after he was hospitalized for chest pains. The British-born journalist appeared with commentator Nancy Giles and comedian Andy Borowitz nine minutes into the 8 am Eastern hour for a panel discussion on the past year. Substitute anchor Erin Burnett turned to Brown first and asked, “What do you think was the most important moment of 2009?”

Brown unsurprisingly chose the Obama inauguration, and after gushing over the moment, set her sights on Limbaugh:
MSNBC.com Analyst: Palin's 'Reality Show' Life Not Good for Grandson
By Matthew Balan | December 30, 2009 | 4:55 PM EST
Steve Adubato, MSNBC.com Media Analyst | NewsBusters.orgMSNBC.com’s Steve Adubato went so far to compare Sarah Palin’s notoriety to a reality show during a segment on Wednesday’s Today show on NBC. Adubato acted as an apologist for Levi Johnston’s move to open his child custody dispute with Bristol Palin: “Sarah Palin’s reality show that she’s been on for the past couple years...It has an impact on this baby as well....and it’s not good for the kid either.”

The MSNBC.com “media analyst” and former Democratic politician appeared with former prosecutor Wendy Murphy just after the bottom of the 7 am Eastern hour for a panel discussion about the Johnston-Palin custody case. After asking Murphy about Johnston’s move to open the case, substitute anchor Erin Burnett turned to Adubato for his take. “Steve, what’s your point of view? I mean, it’s pretty clear he [Johnston] wants it open because he sort of wants to build his brand and his name and a reality TV career but that’s a high standard. I mean, why should they allow it to be open?”

Adubato almost immediately set his sights on Sarah Palin and her apparent role in the custody dispute: “Listen, Sarah Palin is a major figure in this...she’s said things about this kid. The daughter Bristol has said things about this kid. Here’s the problem: you can’t have it both ways. You can’t be Sarah Palin, use your public platform to trash this kid in certain cases, and then say- you know, for the right of the kid , who’s one, let’s make sure that we keep it private....I understand this kid’s smart enough- his lawyers are smart enough to take advantage of the fact that they’ve trashed him publicly. It’s his only platform.”
CNBC Host Upset 'American Political Community' Worried about 'Killing Grandma,' Not Green Technology
By Jeff Poor | December 14, 2009 | 6:11 PM EST

It's a good thing New York Times columnist Thomas Friedman wasn't a used car salesman because CNBC "Squawk on the Street" co-host Mark Haines would have driven off the lot in a lemon.

Friedman appeared on the Dec. 14 broadcast of "Squawk on the Street" to promote the paperback release of his book, "Hot, Flat, and Crowded." And once again, he made the case the United States is lagging behind in green technology and the only way to overcome this innovation gap is to set some sort of premium on the price of using carbon-based energy sources, as he meticulously argued in his book.

Friedman insisted it will take action by the government to impose these premiums and to grant some sort of long-term subsidy to stimulate this innovation. Haines, showing he was sold on Friedman's premise, expressed his doubt this could ever be set in motion.

CNBC’s Harwood: Chance of Dems Pushing Another Stimulus to Save Face for 2010 Election Cycle 'Quite Good'
By Jeff Poor | November 27, 2009 | 1:32 PM EST

Here we go again. We've already seen how ineffective the previous $787-billion stimulus Congress and the President forced through earlier this year has been with curbing unemployment, as it has raced into double-digits over the previous months. But will there be an effort to force through another one?

Earlier this week, Speaker of the House Nancy Pelosi made overtures of another stimulus in a conference call. CNBC's Erin Burnett noted the possibility of a push for a second stimulus on the network's Nov. 27 "The Call."

"John, what would you say, I don't know, the chances of some sort of an additional jobs stimulus - however you'd like to characterize that, or whatever form it would take or price tag it might have ?" Burnett asked.

Cramer to Wall Street Execs to Be Hit by Obama’s Draconian Pay Restrictions: Let Them Eat Muni Bonds
By Jeff Poor | October 21, 2009 | 7:14 PM EDT

Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it.

On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay restrictions inhibit Wall Street firms ability to retain the best employees possible - an argument Cramer says doesn't matter.

"Hey, there's no God-given right to work at those companies," Cramer said. "These people can go off if they want to. I know that [Citigroup Inc. Chief Executive] Vikram Pandit has kept 23 of the top 25 people with very severe pay restrictions. If you believe in your institution, you stay. See, a lot of Americans are looking at those pay cuts and thinking, ‘How do I get in on the action?' So I don't really care."

CNBC's Cramer: Blame Congress for Obama's Diminishing Popularity
By Jeff Poor | September 30, 2009 | 7:47 PM EDT

Karl Rove, David Axelrod - look out. CNBC "Mad Money" host Jim Cramer has the political climate figured out.

Since inauguration, President Barack Obama has seen his approval ratings fall by almost every poll and that's historically a normal reaction as the newness wears off a new president.

During his Sept. 30 "Stop Trading" segment on CNBC's "Street Signs," Cramer pointed out that although the prospects of Obama's ideal health care reform package passing are doubtful, health insurance providers are facing fallout from a publicity campaign meant by the administration to push through health insurance reform. That gives the administration a new villain.

Video below fold

Media Revelation: Obama is Going to Raise Taxes
By Jeff Poor | September 14, 2009 | 9:19 AM EDT

About a year ago, then-Senator and Democratic nominee Barack Obama managed to seize control of the issue of taxes from the Republican Party by promising lower taxes for "95 percent of Americans."

But today it's a drastically different situation. Obama's $787-billion stimulus has been passed into law and the administration is taking on higher deficits, which will only increase if a Democrat health care reform bill passes. It looks as though the president's hand will be forced and he will have to raise taxes. That's begs question - where were the media on this a year ago?

CNBC's Erin Burnett asked Treasury Secretary Timothy Geithner at a CNBC made-for-television town hall on Sept. 10 if taxes would be raised. Geithner dodged the question, but Burnett interpreted the dodge to mean yes, as she explained on NBC's Sept. 13 "Meet the Press."

Former British Health Minister: U.K. System not 'Ideal' for U.S.
By Jeff Poor | August 31, 2009 | 7:12 PM EDT

Remember when Michael Moore depicted the United Kingdom's National Health Service (NHS) as a superior health care system in his 2007 documentary "Sicko"?

That romanticizing on the silver screen might have seemed like a good idea for the American society, but according to Lord Ara Darzi, it's not ideal for the United States. Darzi, a former British Health Minister, appeared on CNBC's Aug. 31 "Street Signs" to defend the NHS from attacks made in a TV spot, which had been rejected by ABC and NBC for airing because they were "too partisan."

"Street Signs' host Erin Burnett presented the hypothetical question to Darzi that if the U.S. would ever go to a single-payer system, would stifle innovation and would that mean rationing of care. According to Darzi - those decisions are made on a local level.

CNBC's Cramer on Glenn Beck Advertisers: 'I Think They All Come Back in the End'
By Jeff Poor | August 24, 2009 | 5:21 PM EDT

Keith Olbermann, Ed Schultz and the brain trust at ThinkProgress probably won't like this, but CNBC "Mad Money" host Jim Cramer thinks the Glenn Beck boycott won't have an impact on NewsCorp's (NASDAQ:NWSA), the parent company of Fox News, bottom line.

During the "Stop Trading" segment on "Street Signs" Aug. 24, Cramer explained that Unilever (NYSE:UN) was going all out with its advertising, by not avoiding shows that might offend someone's political sensibilities. Cramer said that strategy was paying off for Unilever, whose stock is up 10 percent since July.

"When I look at it, it's very interesting because there's an article in the same magazine, Ad Age magazine, about how like Unilever is spending like mad, and that they're going to be, Unilever had a spectacular quarter," Cramer said. "My take is that whoever is just trying to parcel and figure out where to be in the Fox News or where to be in the MSNBC, ought to take their cue from Unilever, which had the best quarter of all packaged goods because they flooded all media and it showed that those who pulled back, whether it be from Glenn Beck, or whether it be from Olbermann, didn't do as well as Unilever, which was all in during this period where the rates went down."

'Mad Money' Cramer: 'Demonize' Unhealthy Foods to 'Embarrass People' to Lower Health Costs
By Jeff Poor | August 10, 2009 | 6:07 PM EDT

It's no longer just enough to educate people about making healthy decision. You now have to influence them psychologically to effect true change according to CNBC's Jim Cramer.

Cramer, during his "Stop Trading" segment on CNBC's "Street Signs" on Aug. 10, suggested eating so-called unhealthy food be demonized, similar to how the tobacco industry has been - through a publicity campaign that even appeared in movie theaters.

"I think that what people in the tobacco business would tell you that what really cut back tobacco was when people who watch commercials saw that they were being demonized and it became a really un-cool thing, I know they still do it in movie theaters and movies, a lot of that is paid, but that's what Phillip Morris always said really was the downfall of tobacco."

CBS Sees ‘Runaway Success’ in Failing ‘Cash for Clunkers’ Program
By Kyle Drennen | July 31, 2009 | 1:37 PM EDT

Cars for Clunkers, CBS Reporting on the Obama administration’s ‘Cash for Clunkers’ car buying program running out of money, CBS correspondent Nancy Cordes offered a mixed message: "‘Cash for Clunkers’ has been such a runaway success....The program is so popular...word spread it would be suspended...because of fears that sales would soon swallow up the $1 billion for rebates the government had set aside."

At the top of Friday’s CBS Early Show, co-host Maggie Rodriguez declared: "It’s a week old and incredibly popular. But is the government’s ‘Cash for Clunkers’ program coming to a screeching halt? We’ll see why it may run out of gas and why so many are angry." She later introduced Cordes’ report by explaining: "It appears that ‘Cash for Clunkers’ could be kaput. There’s been a lot of criticism that the week-old federal program is just too confusing. But the White House says it’s so popular that it’s already running out of money, so they’re reevaluating."