Wednesday, August 15, 2007
Watch Cramer squirm, Listen to Cramer squeal. "Squeal Cramer, squeal!"
We've all heard the term "trickle down economics." It's that conservative theory that if you give our wealthiest Americans tax cuts, the benefits derived from further enriching the rich will gradually trickle down on the rest of us in a 10% chance of rain, late in the day. It's those little prosperity showers of defecation from the fat cats swimming above the rest of us that we down here in the bottom of the tank will gobble up. Trickle down or, as I like to call it "piss on you" economics originated under Ronald Reagan.
Obviously, Jim Cramer's juevos are in a vice and feeling the squeeze. Some of his Wall Street buddies are losing their jobs and he appears a little upset at the way our Fed Chairman is handling the pinch.
But after watching Cramer lose it on CNBC, I suspect there's another economic dynamic at work here. It's the economics that result when the nation succumbs to the theory of gravity that nothing escapes. And I'm going to call it "gush-up economics."
Just as we all partook of the crumbs tossed us while the nation's treasury of wealth was being stripped away by the "haves and have mores," there is now a new economics beginning and it's gushing up from the bottom to the big boys swimming above us. Watch Cramer squirm, hear Cramer squeal as the vice tightens around his juevos. "Squeal, Cramer, squeal!"
Gush-up is the economics of obscene impoverishment originating at the bottom and drifting upward. It is the inevitable result of obscene, unbridled trickle down "enrichment." Unfortunately, millions at the bottom of the tank will suffer the most, but it is considerate of us to offer to share our poverty with those who so generously shared their wealth with us.
After I saw primo capitalist Jim Cramer going insane on TV (ok, going more insane than usual), I was prompted to walk the two and 1/2 blocks down to my neighborhood freeway; to once more check out my future home under that freeway bridge.
Of course, Cramer doesn't really give a shit about me, Mrs. Dada, and millions of other Americans scrambling for a spot of shelter from the elements beneath a freeway bridge. I'm sure his concern is for his and his buddy's personal fortunes and asses being threatened by "How bad it is out there!"
But what's really shaken confidence in my future, aside from Jim Cramer's pain, is knowing how insecure one can be living under a bridge.
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4 comments:
I have an old tattered blanket and a cardboard box you can use under the bridge -- but it will cost you your last dime.....
I hope Jim Cramer won't be joining us under the bridge because all that shouting might undermine the bridge that probably has structural defects.
Anon: Thanks for the offer of the tattered blankie and cardboard box but, sadly, I won't have a dime.
Guess I'll have to rely on the body warmth of my neighbors in our close knit community.
I don't think the residents there will allow Jim Cramer amongst us, unless he's in the form of roasted meat from open flame, divvied out as sustenance.
well, we could start a Dada's Commune in the lovely Estate down below ( even though there were complaints...)
Cramer has been having a hard time--- he has been worried about certain issues ( foreclosure related ) and you just KNOW CNBC folks must be having a Cow and trying to muzzle him ...
This money thing is bad...real bad...
Seems you've had your eye on this particular piece of real estate for some time, Dada. staking out a prime spot?
I heard Cramer tonight admit he has 100% of his investments in "cash". Now, he did say that was to avoid a conflict of interest, but still ... I guess that answers "how bad it is out there", at least for those who still have cash.
And of course the FED is talking reducing interest rates again (their only strategy). Pretty soon Cramer will have to pay banks to accept his "cash". ~~ D.K.
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