Wednesday, October 15, 2008

Fox Business News & Cramer

In case the "fair and balanced" slogan and Bill O'Reilly's rants didn't flag you that Fox News is total rubbish, maybe their ads on CNBC trying desperately to discredit Jim Cramer and CNBC at large will clue you in, but only if you watch both.

I watched a commercial which GE (CNBC's parent) collected money (smart) to run on CNBC from Fox Business News to what amounted to a mud-slinging ad against Cramer an CNBC. If you ever were fooled into thinking Fox was balanced - this is like Carl Rove and mud slinging let loose on a whole new arena! Money wasted. If you're a blind republican who follows Fox then you didn't see the ad, if you're a CNBC watcher you probably laughed, because the advertisement said Cramer got Wachovia wrong (one pick of hundreds he does weekly) - the ads aired after he remonstrated himself about the whole thing.

More importantly - Cramer himself says that you shouldn't blindly follow his picks. Is Fox claiming that if you watch them you'll do any better?

Most importantly - an admission of defeat is that Fox Business News needs to spend money on a rivals network to try to steal customers. Quite a pyrrhic victory and demonstrative of a network feeding on the atmoshpere of the last 8yrs and not the next.

Keep recommending large cap losers FNB - and keep sending money to GE please!

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