TheAgitator.com
Jim Cramer on Colbert
Wednesday, October 8th, 2008Caught this clip the other night. Colbert brings on Jim Cramer. Colbert, playing the right wing hack he usually pulls off so brilliantly, tosses out what he thinks are softballs to Cramer about the financial crisis. But he gets thrown off his game a bit when Cramer actually agrees with Colbert’s alter-ego about regulation and the federal government’s role in the crisis. It’s the first time in awhile that I’ve seen Colbert thrown back on his heels. The guy’s brilliant, so he recovers just fine. But it was a little like watching Michael Jordan airball a free throw.
I’m not sure the Bush Admin should get off completely free. They were the ones pushing the “ownership society” slogan and Greenspan pushed ARMs way back when.
Come to find out this is not the first time we have had a collapse like this. It has happened 5-6 times before. There was a throwaway line in a special I watched on Fox Business some econ (?) professor talking about it.
Lee –
The ownership society concept is a libertarian one. It’s been around for a couple decades. The gist is that Americans ought to be given responsibility for their own health care, their own retirement, their own kids’ education, and so on. The idea that the government should help people buy homes who otherwise couldn’t afford them was never part of the plan, though it’s easy to see how someone might mistakenly include that as part of the concept.
I don’t know if the Bush administration ever included home ownership in their brief flirtation with the ownership society idea. I don’t seem to remember them doing that. But if they did, they were bastardizing the concept.
Good clip, too bad I had to watch the BS Global Warming ad before it …..
If u really want to see Colbert off his game, watch the jane fonda episode. Its golden.
Great interview…
And it appears that Cramer is pretty well despondent about our chances for getting out of this mess, which is the first “major” financial news commentator that I’ve heard seem to take the situation this seriously.
When he says things like “the end of the western financial system”, it might be a good idea to sit up and take notice. Get ready for the inflation, folks.
“I don’t know if the Bush administration ever included home ownership in their brief flirtation with the ownership society idea.”
“The Ownership Society” is a shitty little bromide and it just sickens me that people with brains in their heads actually credit it any further than they would a fingerpaint sign on a classroom wall at an elementary-school open house.
Jesus H. Fucking-aye Christ on a banana-peel.
Please pay attention, Radley.
There’s no “Ownership Society” horseshit in it, but all the rest of it is there.
I wonder if he got a nice card from that goddamned lout, Barney Frank.
#6 — I stand corrected.
I wasn’t defending Bush, just the concept of the ownership society.
I worked on Cato’s Ownership Society website when I was there, and it was limited to health care, retirement, and education — with the goal to get government less involved in all three.
Subsidized home loans was never part of the plan.
Look, Radley: there was once an actual concept for all this before the langauge went to starry-eyed metaphor, new age anti-thought and morons pleased at hearing the air blast out of their mouths.
“Private property”.
Man, you people are the fucking Eloi.
[...] the air blast out of their mouths. ‘Private property’. Man, you people are the fucking Eloi.”Me, having my way with “The Ownership Society”. Oct 08, 08 | 4:22 pm AxeBitesVarious guitars I see [...]