Cramer vs. Cramer - Greed Gone Wild

Jim Cramer talks out of both sides of his mouth when discussing manufacturing jobs and unions.

First he cries "we can't continue to make cars in America if we don't bust the UAW & Teamsters." Then he argues "there's no reason to make cars in the United States."

He also wails about his hedge fund buddies losing their jobs because the rigged fixed income market is falling apart.

Then he's beside himself over the fact that millions of Americans are losing their homes because of the creative financing he and his buddies hedged on in the first place. At the same time, he's promoting the destruction of labor unions, something that will cause many more Americans to lose their homes.

Cramer is the epitome of hypocrisy & greed.

Category:

News & Politics

Tags:

• Jim
• Cramer
• UAW
• Teamsters
• GM
• union
• busting
• housing
• bubble
• hedge
• funds
• greed

[Teamster771]

Thank the union for the 8 hour work day.

[Oilwellian]

Indeed Teamster771. Although my husband is in management, he's a strong supporter of the union where he works. Labor demands are what made the middle class and it is they who are the major consumers of goods. Americans need to revisit history for a reminder of what it was like before workers organized and demanded change.

[wefond]

When is this guy going to explode. The pin has been out for years.

Wall Street is no friend of the American worker.

[wilywondr]

..and the SUPER-overpriced healthcare we have in this country. Private insurance companies are the biggest drain on the US worker when compared to every other industrialized nation.We need to break the insurance industry, not the unions.

[paulafsoa]

Investigate your loan and stop banks from taking your house.. Call me now 866-208-0278 Ext. 8011

[wcoltdrediff]

@Teamster771 Thank them for the unemployement rate too.

[ABisopht]

LOL, "...Bill Poole is Shameful..." "... Go buy some WAMUQ and take that yield..." hmmm, Pink qoutes... yum!

[amwcj36]

First... JOBS ARE GONNA BE GONE. We need to realize that times r changin right infront of your faces jobs r the old way. and youll never get ahead with a job haha theres not enough time in the day to work and live.. EVERYBODY need to be an invester. we need to increase our financial IQ and learn how we can have our money work for us.. unstead of workin to buy toys work for assets that pay for your toys

[smkfet]

What an awful video. First, you're transposing two completely different issues. Second, you're confusing the practices of UAW with unions as a whole. Unions are important, what is more important is the idea that created unions that employees should be protected from unfair labor practices. Labor unions as entities separate from the idea that inspired their creation have caused many people to suffer financially when their methods often induce the same results of being fired directly.

[ZamatoElite]

Cramer is right. You can't demand all this crap from the companies and expect them not to tank. Go take a fucking Econ class before you embarrass yourself with this video.

Factory jobs are being exported and there is nothing you can do about it. Go to school and get a real job. Lazy fucks

[alanhowitzer]

I care. And you're right Wall Mart is really F'd. I rarely go to Wall Mart, but almost every retailer is as bad when it comes to breaking unions, Wall Mart seems to get the most publicity.

We call ourselves a free country. In some ways we have a long ways to go.

They have no idea!

[musicphan1]

Although it seems like the average American consumer wouldn't give a damn either, so long as they could keep on saving that $3.91 every week shopping at Hell-Mart for groceries. They don't give a damn that Wal-Mart occasionally pays their workers a living wage (but barely) with awful health insurance and other paltry "benefits". They don't care that Wal-Mart often asks employees to work overtime, then they don't pay them that and they discipline employees who report them to the authorities!

[musicphan1]

Seriously. Wal-Mart is an example of the reverse of the UAW situation. UAW breaks the back of a company while Wal-Mart participates in unfair labor practices. I wonder what would happen if a large group of about 400 people unionized before they even got hired at a 4 local Wal-Marts, went in without saying a word, worked for six months as the group got hired, then demanded a fair vote. Would each Wal-Mart just fire 100 people at each store? It would be bad publicity for Wal-Mart if they did!

[musicphan1]

The current state of the auto industry is a prime example of what happens when mgmt. bends over and takes whatever the union will dish out. Now both the union members and the companies are suffering because not only did the big 3 fail to develop fuel efficient products, but it was difficult for them to do so because the labor costs were way out of control. I'm all for employees getting lucrative pay packages, but only when the company is very competitive. Now go ahead and curse me out commies!