[Jim] Cramer: Depression Comparisons are 'Scare Tactics'

Business & Media Institute ^ | 2008-12-02 | Nathan Burchfiel

[rabscuttle385]

CNBC “Mad Money” host Jim Cramer said on NBC’s “Today” show Dec. 2 that comparisons between the current economy and the Great Depression are “scare tactics.” Maybe he forgot about his own reliance on the juxtaposition.

“[T]hat’s got to be taken off the table,” Cramer told “Today” host Meredith Vieira about comparisons to the Great Depression. “There have been enough things done by this government to absolutely preclude that. I, myself, do not want to use that term ever again on the “Today” show even to compare it. Things are very different. We do need help from Europe; we need help from China. But take the Great Depression talk off the table. That is scare tactics.”

[rabscuttle385]

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[rabscuttle385]

*Ping!*

[Tublecane]

What “help” is he talking about from foreign nations? Is he talking about international trade? if so, it’s not really “help,” since they benefit from it equally. If he’s talking about something else, what does it mean?

[ken21]

do people still watch cramer?

[rabscuttle385]

do people still watch cramer?

Only for mindless entertainment.

[April Lexington]

Cramer who?

[mountn man]

All these people that say we are at the worst economic crisis since the Great Depression, conveniently forget the Carter years of malais. We're nowhere near where things were then.

But with current activities, and Obamas plans, we sure will be there in short order.

[Nova442]

Bear Sterns is FINE!

[pepperhead]

What was Crazy Cramer saying before the election. Was he one of those people that kept saying this was the worst economy in forty years.

[politicket]

Cramer can't make statements either way. He doesn't know - nobody does.

Everyone keeps talking about how the Great Depression had unemployment rates of 25%. That's true - but that didn't occur until 1933. The unemployment rate in 1929 was around 7.5% - pretty much where we are currently.

Let's see where unemployment sits four years from now and then compare notes...

[fieldmarshaldj]

Cramer needs a tranquilizer... administered anally.

[Freedom_Is_Not_Free]

My only use for Cramer would be target practice. I mean, a cardboard lifesize picture of course... not the REAL Cramer. Uh, that’s my story, and I’m sticking to it.

The patented James Cramer target. The only good use for him.

If I had a benji for every one of his lies or bad calls, I would own CNBS.

[KoRn]

Wasn’t he recommending people earlier this year to buy into Wachovia, and other companies that soon failed?

Now he’s saying that talking about a depression is scare tactics. Given his track record, that’s scary to me!!

[RobRoy]

>>We’re nowhere near where things were then.<<

That is like saying a redwood sapling is not as big as a full grown alder.

Wait until it reaches adulthood...

[freekitty]

I agree. Notice when the left gets in; more scare tactics are used.

[freekitty]

For clarification. I don’t agree with Cramer.

[freekitty]

Sorry, notice this is like the Clinton years.

[remaxagnt]

this guy told people to sell when the market was falling so fast! his motto buy high sell low! this guy is a huge clown!!!!!!!!!

[mountn man]

Choosing to pick and choose what you want to see?

Here is the last part of what I posted

But with current activities, and Obamas plans, we sure will be there in short order.