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Tell CNBC: "Mad Money" host needs a reality check (via email)

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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-07-09 06:10 PM
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Tell CNBC: "Mad Money" host needs a reality check (via email)
Edited on Fri Aug-07-09 06:28 PM by and-justice-for-all


Just before Bear Stearns went under, CNBC's Jim Cramer had strong advice for his "Mad Money" viewers: buy Bear Stearns stock, and fast!

Then the company imploded and thousands of ordinary people saw their retirement savings vanish. Oops.

Now Cramer is telling his viewers the Employee Free Choice Act will hurt our economy.

Cramer was wrong then, he's wrong now! But this time, we know exactly what will happen if viewers listen: millions will lose out on the American dream.

Tell CNBC that Cramer needs to start getting it right, or get off the air!

Jim Cramer is claiming that the Employee Free Choice Act will stall our economy, even though numerous economists (including Nobel-prize winners!) and institutional investors who manage $757 billion in assets recognize that the bill is critical to rebuilding our broken economy.

The former hedge fund manager has called the Employee Free Choice Act a "sword of Damocles" hanging over our economy. And on the MSNBC show Morning Joe, Cramer and other guests claimed they couldn't identify a single successful unionized company.

Oops! GE owns both MSNBC and Jim Cramer's own employer, CNBC. And guess what? GE’s employees are represented by unions. The company is worth over $140 billion. And it earned more than $18 billion in profits in 2008!

Cramer reaches millions of people each week on his CNBC show "Mad Money." Many of them make financial decisions based on his declarations. That means he has a responsibility to do his research and give sound, accurate advice.

Tell CNBC: Jim Cramer needs to think before he speaks and stop spreading lies about the Employee Free Choice Act.
http://www.americanrightsatwork.org/take-action/campaigns/

Jim Cramer needs to stop parroting the talking points of the same greedy CEOs who got us into this mess. If thousands of viewers speak up demanding change, we can make sure talking heads like Jim Cramer are held accountable for their advice.

Thanks you for all that you do.

Sincerely,

Liz, Manny, Elizabeth B. and the American Rights at Work team
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