Jim Cramer, the loudmouth host who has made people rich after they do the opposite of his stock advice, recently got hammered for his June assertion that Facebook was a strong buy. It cratered 25% in a single day of trading last week.
Now, Cramer is back with more awful takes by suggesting the American people need more – yes, more – state propaganda in the wake of Elon Musk taking over Twitter and advancing toward the nefarious zero-Covid policies.
Take a look as Cramer goes all in on totalitarian thought control of the masses:
CNBC’s Jim Cramer praises state-run propaganda, stuns co-hosts into silence pic.twitter.com/yD6ohtxtXq
— End Wokeness (@EndWokeness) November 1, 2022
And they got to deal with – what do you do if you told people the way to beat this is no vaccine and now you have a vaccine – so I think what you need is a propagandist,” Cramer said, before continuing: “But I think when we think about propaganda we think about other regimes that we didn’t really appreciate.”
There’s a lengthy pause on live air before Cramer addresses the silence in the studio. He looks, almost pleadingly, for a response from his co-host, who is clearly panicking before segueing awkwardly to the lockdown at China’s Disney theme park, which trapped people inside after identifying Covid on the premises.
Twitter immediately blew this segment up, going particularly heavy after Cramer:
I think they’re silence was telling. The one guy on the left brought in “outside of the state” seemingly out of no where… Almost like he was trying to deflect from who he knows is feeding him “news”.
That was wonderfully awkward. Pretty sure the hosts agree with him but they just feel awkward saying it out loud.
Right!? Also, the look on the guy’s face on the right said it all. “CUT CUT commercial break” lol
they’ve been caught red handed! all the social media platforms have been working with the government, he’s trying to make this sound normal to protect what’s left of his Meta investment.
The last comment relates to the aforementioned support of Facebook’s parent company, Meta, last June, when Cramer said it was a strong buy. A look at charts shows a massive decline in 2022 and its stock imploded last Thursday after a disastrous Q3 earnings report came out. This in turn led to a lowered expectation for Q4.
The American Tribune wrote about this exact issue last week at the time of the crash:
Perennial CNBC financial hack Jim Cramer took to the air Thursday issuing an emotional mea culpa, one that bordered on tears, as he lamented a massive miss on Meta stock. Meta is the parent company of Facebook.
After having been bullish on Meta in June, saying the stock had “nowhere to go but up,” the stock plunged nearly 25% of its value upon the release of horrific third quarter data upon news that profits had been halved. This in turn led to a weak forecast for the fourth quarter.
It begs the question: How can the “expert” be wrong so often? He talks fast, he uses the right words, but in reality this guy has no idea what he’s talking about.
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