Is Ed Schultz really this dumb or simply incapable of honesty?

Within the first 10 minutes of his radio show yesterday, Schultz was bellowing about an alleged connection between the massacre in Tucson and remarks by Rep. Michele Bachman, House candidate Jesse Kelly and other Republicans (audio) --

SCHULTZ (initially referring to Congresswoman Giffords' medical condition): The latest medical update is she is responding, it's been consistent  since they started to try to get responses out of her, which is very positive. But if you want to talk about the political climate in this country, if you really want think the conversation in this country plays into the fear-mongering, or should we say that the conversation in this country leads to the angst and the anger, well then hell, let's just have that conversation. In fact, let's go back to Jesse Kelly. Any of you know who Jesse Kelly is? Here's a name that hasn't been thrown out during the coverage. He was Giffords' tea party opponent! Congresswoman Giffords! Ran against Jesse Kelly! Now listen to what he said during the campaign.

On CNBC's June 29 broadcast "Power Lunch," Rep. Paul Kajorski, D-Pa. made a pretty prediction about the Dow Jones Industrial Average (DJIA) should Congress be unable to pass financial regulation legislation.

"You know, I wish every one of them would ask the question and also the industry and media, what happens in this country if this bill fails?" Kanjorski said. "Do you think 236 points down on the Dow is surprising? Check 1,000 or 2,000 points if we fail to change the ways that caused this problem."

That caught the attention of CNBC's Erin Burnett, who played the clip for "Mad Money" host Jim Cramer. Cramer blasted Kanjorski and the entire institution of the federal government for being a drag on the markets for a myriad of reasons on his June 29 "Stop Trading" segment of CNBC's "Street Signs."