Monday, March 16, 2009

LA Times Columnist Cheap Shots CNBC’s Larry Kudlow



Could this be a sign of things to come?


Now that CNBC Chicago Mercantile Exchange reporter Rick Santelli has mysteriously disappeared from the spotlight after his criticism of President Barack Obama's mortgage proposal in February and now that CNBC "Mad Money" host Jim Cramer has been marginalized after his lackluster appearance on Comedy Central's "The Daily Show" on March 12, could the new target of the Obama machine and the left and their accomplices in the media be CNBC "The Kudlow Report" host Larry Kudlow? [snip]

Rainey suggested as a credibility measuring stick, that Cramer and Kudlow should have to reveal their financial portfolios and if they weren't at least keeping pace with a major stock index, they should voted off "the CNBC island."

"I see CNBC running a bar graph with a composite of Kudlow and Cramer's portfolios (no dollar amounts necessary) right alongside a graph tracking a broad stock index," Rainey wrote. "If the TV touts fall more than 10% behind? We vote them right off the CNBC island. Then there'd be more room for me and my timeless, slightly cowardly style of money management."

Perhaps Rainey is on to something here. We could apply his standard to the entire Los Angeles Times as a business model and if his newspaper's parent company's stock, the Tribune Company (PINK:TRBCQ), wasn't keeping pace with the major indices, we could vote it off of "mainstream media island," or at least its business coverage and the analysis of business coverage.

[Again and again, don't debate the idea - attack the proponent personally. I wonder who's setting the example for such behavior?]

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