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.
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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."
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.
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."
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."
Balanced? Sure. Hyperbolic? Definitely.
Invoking the word "crisis" might conjure up images of a Category 5 hurricane bearing down on the U.S. Gulf Coast or some other situation where decisive action much be taken to avert impending doom. But, is it appropriate to suddenly attach it to the key issue put forth by Obama administration, such as health care?
On July 30, CNBC dedicated its three-hour morning show "Squawk Box" to the issue and labeled the special coverage: "America's Healthcare Crisis." CNBC used the word "crisis" despite polls (including a July 30 Time article) that found 80 percent of the respondents satisfied with their health care.
While much of the country has been captivated by the passing of pop star Michael Jackson, the scandal of South Carolina Gov. Mark Sanford and turmoil in Iran and Iraq, business news has fallen off the front pages.
That was the observation CNBC "Mad Money" host Jim Cramer made on the June 26 broadcast of "Street Signs." Cramer noted that the front page of the June 26 New York Times was entirely devoid of business news.
"Remember when business was on the front page?" Cramer said. "We were on the front page for awhile. It was really frightening. It's still off - our whole, our whole - the whole stock market, the economy, we're all off the front page. We're no longer important because lovers, this guy Sanford - I'm not that familiar with his story. Those two people in Pennsylvania that were on the ‘Today' show and all those others."
Usually when there's turmoil in the Middle East, you'll see a spike in the price of oil, but not this time.
On June 15, the first day of trading since the public backlash in Iran began from what many are calling a fraudulent election, the price of oil has actually declined - after a rally over the past few weeks. But as CNBC's Jim Cramer pointed out on his June 15 "Stop Trading" segment on "Street Signs," oil is falling because this was expected.
"North Korea, Syria - I mean these are places when they always have elections, there's always a couple of people who don't vote for the right guy," Cramer said. "But I think the price of oil is going to tell you exactly how everything is going to play out in Iran, which is it's much ado about nothing."
Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate.
Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive retroactive tax was just a distraction to divert attention away from the culpability of Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., for the current financial crisis.
"Remember, Barney Frank was one of the guys right at the center of the financial crisis," Moore said. "I think he had a lot of the blame of this lays at his foot. He said roll the dice on Fanny and Freddie. So the point is I think that these Democrats are trying to redirect the populist storm against members of Congress like Chris Dodd and Barney Frank towards executives. So, I'm not so sure he didn't want that to pass as a way of deflecting criticism."
CNBC's New York Stock Exchange floor reporter Bob Pisani told viewers of CNBC's March 30 "Street Signs" the market's actions, with the Dow Jones Industrial Average (DJIA) dropping as much as 300 points, are reflect, in part,that the government is going to force bank CEOs out as they did with Wagoner.
"Look, the main concern here today is Geithner's comments that some banks are going to need a lot more capital," Pisani said. "And for everybody who says why haven't they fired anymore bank CEOs yet - why hasn't the government done it, wait - they're going to."
Will wonders ever cease? First, a NBC network airs its Chicago Mercantile Exchange floor reporter making a call to action against all the populism that has inundated the political dialogue over the past six months. Now, the same reporter, Rick Santelli, has been invited by White House Press Secretary Robert Gibbs to the White House.
On CNBC's "Street Signs" Feb. 20, Santelli told viewers he would accept Gibbs' invitation. And, although his critics thought he was over-the-top, he said he still felt good about his impassioned plea.
"Well, I tell you what Melissa Lee," Santelli said. "It's been a wild afternoon, but I do want to point out - I do believe I was invited to the White House by Mr. Gibbs and I want to let him know, I would love to. I would love to accept and the decaf sounds good, but I prefer tea, but thank you for bring this into the forefront. This is an issue that means a lot to everybody and I'm glad it's getting a high degree of introspection, debate and I think that's essential. I feel really good about that."
Before today, CNBC "Mad Money" host Jim Cramer was known for his outlandish statements and crazed antics that would land him in the public spotlight.
However, Cramer got one-upped today by CNBC's Rick Santelli, calling for something like a "Chicago Tea Party" revolt against the redistributionism that is plaguing our federal government. Cramer, in his "Stop Trading" segment on CNBC's "Street Signs" on Feb. 19, remarked it was odd no one was talking about Exxon-Mobil (NYSE:XOM) downgrade, overshadowed by Santelli's revelation.
"I'm sorry not be screaming about class warfare and how you should have your house ripped out from underneath you, but I actually get excited about stocks," Cramer said.