John Stewart interview with Jim Kramer

    Last night John Stewart of The Daily Show  interviewed Jim Kramer of Mad Money of CNBC. John Stewart showed how the so-called Finacial Genius's of CNBC and other finacial programing is more or less "snake oil salesmen". Political.com has the transcript of the interview. Jim Kramer was some what out of his usual character of being the aggreser to being looking almost like a coward. He kept saying that he wasn't to be the one who was at fault until Stewart showed some clips of Kramer approving of hedge funds which to find out now has ruined long term investing mainly with peoples 401K's. 

Stewart started the interview by saying:

"We’re both snake-oil salesmen, to a certain extent. But we DO label the show as snake oil here. … When you talk about ‘the regulators,’ why not the financial news network? "

and for Kramer from then on he was mostly on the defense for the remainder of the Show. As in the peice written by Mike Allen of Politico it shows how sometimes we must take what these finacial commentaries should be taken with a grain of salt. It's gotten to the point of saying who do you trust for advice. I'm sure CNBC is not the only station that failed us. 

It's time news organization get out of the Finacial News business. Find an independent station that doesn't have ties to Wall Street nor to an type of News opperation. But more important it tells us to do our own investigation and not to believe anyone when it comes to our retirement future.

The Bailout Failout

     The House of Represntives failed to provide the Big Bailout bill for Wallstreet and a couple of Banks.There was 95 Democrats along with the majority of Repbulians voted against a bill that would rescue a few businesses on Wall Street and Banks.  Most of the American Taxpayer dosen't like the bill since it is considered a bailout. Foxnews explained that a majority of the voting public got intouch with their representitives in Washington telling them they didn't like what the bill was about. So when the votes were counted and the bill fail to pass. 

     House Speaker Nancy Pelosi went in front of the house and spewed the most vile blame on the administration and the minority party,Republicans. Government is Broken. Broken due to greed and sloppy laws for the past 20 years. Partisan politics is Bull Crap and now getting very old. Isn't it time to have a new revolution against not the government but the Democrats and the Republicans. Lies are on both sides,it's getting to the point who do you trust. Not the President,Not the Congress,surley not the courts. It's Broke. 

    

The National Review Online : article title Failed Vote by the editors:     

The $700 billion bailout bill is palatable to no one. It’s a huge price tag. It was originally presented to Congress as all but a fait accompli. Secretary of the Treasury Henry Paulson and Federal Reserve Chairman Ben Bernanke have been underwhelming in selling the plan on Capitol Hill. And it’s hated by a public suspicious of the country’s elites, whether in Washington or on Wall Street. rest of the article

During this period where the hell is Obama,has he even given enough though for the country to even call and try to solve this problem with the leadership in the house. NO. Atleast McCain has tried to help with being there to call and talk with lawmakers. What he accomplished was not a political goal but a goal to help the country. Be politically selfish as in Obama who may get  the White House because instead of being a Leader you were a politician just like what caused the problem we're in now.God Help Us.

      What is needed in Washington D.C. right now is leadership from both parties and for that Leadership stop being politians trying to see how they can make the other party look bad but become Americans and trying to make America stronger and solvent. Not Conservative and Not Liberal,but American.