Santelli: AIG Bonuses Only a 'Political' Outrage of Millions, Focus on
March 17th, 2009 2:30 PM
Since his now-famous Chicago Tea Party outburst from the floor of the Chicago Mercantile Exchange in February, CNBC's Rick Santelli had seemingly disappeared from the spotlight. However, on CNBC's March 17 "Squawk Box," Santelli, using similar theatrics, noted that the Obama administration as been very concerned about $165 million in bonuses paid out to American International Group (AIG)…
CNBC Asia Guest Host: U.S. Treasury is 'Wasting Money' with Bailouts
March 16th, 2009 3:43 PM
All the current outrage and attention to bonuses paid out to employees of institutions that received federal bailout money is misplaced, according to an analyst that appeared on CNBC Asia on March 16. The media is making much of the news that American International Group (AIG) executives are receiving compensation in the form of bonuses. But Kirby Daley, senior strategist at the Newedge Group…
Obama Protests aka Tea Parties Largely Ignored by Media
March 15th, 2009 4:53 PM
Since CNBC's Rick Santelli first suggested a Chicago Tea Party to protest President Obama's plans to "stimulate" the economy and bailout homeowners through unrestrained government spending, organized demonstrations have been occurring across the fruited plain.In fact, as Glenn Reynolds reported moments ago, there's one happening today in Cincinnati. Unfortunately, unless you frequent…
LA Times Columnist Cheap Shots CNBC’s Larry Kudlow
March 13th, 2009 6:39 PM
Could this be a sign of things to come? Now that CNBC Chicago Mercantile Exchange reporter Rick Santelli has mysteriously disappeared from the spotlight after his criticism of President Barack Obama's mortgage proposal in February and now that CNBC "Mad Money" host Jim Cramer has been marginalized after his lackluster appearance on Comedy Central's "The Daily Show" on March 12, could the new…
Gibbs on Cramer’s 'Daily Show' Dismal Performance: 'I Enjoyed It Tho
March 13th, 2009 3:44 PM
What's a little salt on the wound after a seemingly humiliating performance by CNBC "Mad Money" host Jim Cramer on Comedy Central's March 12 "The Daily Show?" At least that's the way White House Press Secretary Robert Gibbs acted when he took the opportunity to comment on last night's "Daily Show" during his March 13 press briefing. Gibbs was asked what he thought of the interview, where "Daily…
'Daily Show' Host Stewart Blasts CNBC as 'Disingenuous at Best and Cri
March 13th, 2009 3:06 AM
It was supposed to be a moment of high drama - when Comedy Central "Daily Show" host Jon Stewart faced off with CNBC "Mad Money" host Jim Cramer. But it wasn't a fight, it was more of a beating. The "comedian," as Cramer recently called him, repeatedly bashed the financial network and its star host in a segment called "Brawl Street."The week-long feud began when CNBC reporter Rick Santelli…
Former Congressman Calls for Investigation of CNBC's Jim Cramer
March 12th, 2009 4:23 PM
Jim Cramer just keeps paying the price for his heresy. Ever since his March 3 remarks calling Obama's policies "greatest wealth destruction I've seen by a president," the CNBC "Mad Money" host has been under attack. First it was the back-and-forth with the White House, then he was skewered by comedian Jon Stewart. Now CNN and a former high-ranking public official have targeted him. Cramer, who…
Kernen Asks Buffett: 'You Might Not Have Fixed Global Warming' After D
March 9th, 2009 2:21 PM
The U.S. is at war with the failing economy, according to Warren Buffett, who told CNBC viewers that it had "fallen off a cliff."In September 2008, Buffett compared the market turmoil to "an economic Pearl Harbor," and on March 9 he returned to that metaphor in a "Squawk Box" interview that began at 6 a.m. and continued through the 7 and 8 a.m. program hours. Buffett also criticized the…
Gibbs Does It Again -- Responds Directly to Media Criticism of Obama
March 3rd, 2009 5:59 PM
Here we go again - another Obama administration/media personality feud in the works. White House Press Secretary Robert Gibbs has no problem addressing media critics of President Barack Obama - even on an individual basis. Since Obama was sworn in as president, Gibbs has addressed criticism from conservative radio host Rush Limbaugh, CNBC mercantile exchange floor reporter Rick Santelli and now…
Cramer: 'This is the Greatest Wealth Destruction by a President
March 3rd, 2009 5:54 PM
Although an admitted Barack Obama supporter during last year's campaign, CNBC's Jim Cramer has certainly changed his view concerning our 44th president.On Tuesday's "Today" show, the outspoken "Mad Money" host said: we have "an agenda in this country now that I would regard as being a radical agenda"; Obama's just announced budget "put a level of fear in this country that I have not seen ever in…
Cramer on Obama: 'It's Amateur Hour at Our Darkest Moment
March 3rd, 2009 10:23 AM
It was news media conventional wisdom during the 2008 presidential campaign: the worse the economy, the better it was for Democrat candidate prospects. But now that they have the legislative and executive branches and the burden of actually governing, that advantage is slowly being chipped away. CNBC "Mad Money" host Jim Cramer, who first starting connecting that perhaps a Democrat-controlled…