Changes

== Dispute with the White House ==

== Dispute with the White House ==

On March 2, 2009, Jim Cramer drew the attention of some critics after his evaluation of [[Barack Obama|President Obama’s]] spending plans and the [[Obama Administration|administration’s]] handling of the banking crisis.<ref>[http://www.cnbc.com/id/28916751 Stop Trading!: Cramer Hearts Rush Limbaugh?], CNBC's ''Mad Money'', Jan. 29, 2009.</ref> Cramer’s name came up the following day, on March 3, during a [[White House]] press briefing after Cramer said that Obama was responsible for "the greatest wealth destruction I have seen by a president."<ref>{{cite news |title=Cramer to White House: Wealth Destruction Is Real |url=http://www.cnbc.com/id/29490969/ |publisher=CNBC}}, March 3, 2009</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_031909/content/01125116.guest.html Jim Cramer Held Hostage], rushlimbaugh.com, March 19, 2009.</ref> An offended White House shot back.<ref>{{cite news |title=White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President" |url=http://www.mediabistro.com/tvnewser/cnbc/white_house_knocks_jim_cramer_for_calling_obama_budget_greatest_wealth_destruction_by_a_president_110203.asp |publisher=CNBC}}, March 3, 2009</ref> Press Secretary [[Robert Gibbs]] said this:  

On March 2, 2009, Jim Cramer drew the attention of some critics after his evaluation of [[Barack Obama|President Obama’s]] spending plans and the [[Obama Administration|administration’s]] handling of the banking crisis.<ref>[http://www.cnbc.com/id/28916751 Stop Trading!: Cramer Hearts Rush Limbaugh?], CNBC's ''Mad Money'', Jan. 29, 2009.</ref> Cramer’s name came up the following day, on March 3, during a [[White House]] press briefing after Cramer said that Obama was responsible for "the greatest wealth destruction I have seen by a president."<ref>{{cite news |title=Cramer to White House: Wealth Destruction Is Real |url=http://www.cnbc.com/id/29490969/ |publisher=CNBC}}, March 3, 2009</ref><ref>[http://www.rushlimbaugh.com/home/daily/site_031909/content/01125116.guest.html Jim Cramer Held Hostage], rushlimbaugh.com, March 19, 2009.</ref> An offended White House shot back. Press Secretary [[Robert Gibbs]] said this:  

{{Cquote|"I'm not entirely sure what he's pointing to make some of the statements." When pressed further by [[NBC|NBC's]] Tom Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience [...] And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the backup for those are, too.}}

{{Cquote|"I'm not entirely sure what he's pointing to make some of the statements." When pressed further by [[NBC|NBC's]] Tom Costello, Gibbs said, "If you turn on a certain program it's geared to a very small audience [...] And you can go back and look at any number of statements he's made in the past about the economy and wonder where some of the backup for those are, too.<ref>{{cite news |title=White House Knocks Jim Cramer For Calling Obama Budget "Greatest Wealth Destruction By a President" |url=http://www.mediabistro.com/tvnewser/cnbc/white_house_knocks_jim_cramer_for_calling_obama_budget_greatest_wealth_destruction_by_a_president_110203.asp |publisher=CNBC}}, March 3, 2009</ref>}}

On March 5, Jim Cramer responded to the White House.<ref>[http://www.rushlimbaugh.com/home/daily/site_030509/content/01125111.guest.html Liberal Jim Cramer Sees the Light], rushlimbaugh.com, March 5, 2009.</ref> Jim Cramer rebuked:  

On March 5, Jim Cramer responded to the White House.<ref>[http://www.rushlimbaugh.com/home/daily/site_030509/content/01125111.guest.html Liberal Jim Cramer Sees the Light], rushlimbaugh.com, March 5, 2009.</ref> Jim Cramer rebuked:  

== Criticism ==

== Criticism ==

=== Wachovia ===

=== Wachovia ===

On September 29, 2008, during a segment of ''Mad Money'',<ref>{{cite news |title=Wall of Shame: Wachovia CEO Bob Steel |url=http://www.cnbc.com/id/26945323 |publisher=CNBC |date= Monday, 29 Sep 2008|accessdate=Monday, 29 Sep 2008}}</ref> on [[CNBC]] Jim Cramer discussed the Wachovia call he made on September 15, 2008.<ref>{{cite news |title=Wachovia CEO Offers Plan for Markets |url=http://www.cnbc.com/id/26720573/ |publisher=CNBC |date= 2008-15-09|accessdate=2008-15-09}}</ref> Cramer apologized both on ''Mad Money'' and on the ''Today Show'' for believing in Steel.<ref>{{cite news |title=Jim Cramer: "I Screwed Up. I Apologize"  |url=http://www.mediabistro.com/tvnewser/cnbc/jim_cramer_i_screwed_up_i_apologize__96078.asp |publisher=TVNEWSER |date= 2008-30-09|accessdate=2008-30-09}}</ref>

On September 29, 2008, during a segment of ''Mad Money'',<ref>{{cite news |title=Wall of Shame: Wachovia CEO Bob Steel |url=http://www.cnbc.com/id/26945323 |publisher=CNBC}}, September 29, 2008.</ref> on [[CNBC]] Jim Cramer discussed the Wachovia call he made on September 15, 2008.<ref>{{cite news |title=Wachovia CEO Offers Plan for Markets |url=http://www.cnbc.com/id/26720573/ |publisher=CNBC}}, September 15, 2008.</ref> Cramer apologized both on ''Mad Money'' and on the ''Today Show'' for believing in Steel.<ref>{{cite news |title=Jim Cramer: "I Screwed Up. I Apologize"  |url=http://www.mediabistro.com/tvnewser/cnbc/jim_cramer_i_screwed_up_i_apologize__96078.asp |publisher=TVNEWSER}}, September 30, 2008.</ref>

=== John Stewart ===

=== John Stewart ===

On March 12, 2009, Jim Cramer appeared on ''[[The Daily Show]]'' with [[Jon Stewart]].<ref>{{cite web |url=http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533 |title=Daily Show interview of Jim Cramer |accessdate=2009-03-14 |date=2009-03-12 |work=The Daily Show with Jon Stewart |publisher=comedycentral.com }}</ref> Stewart reiterated earlier claims regarding the CNBC host's "silly and/or embarrassing and/or stupid financial observations."<ref>{{cite news |title=CNBC's Jim Cramer Responds to Jon Stewart's Response to CNBC's Jim Cramer |  |url=http://blog.indecisionforever.com/2009/03/10/cnbcs-jim-cramer-responds-to-jon-stewarts-response-to-cnbcs-jim-cramer/ |publisher=Comedy Central |date= March 10, 2009|accessdate=March 10, 2009}}</ref> Moreover, he claimed CNBC shirked its journalistic duty by believing corporate lies, rather than being an investigative "powerful tool of illumination."<ref>{{cite web |url=http://apnews.myway.com/article/20090313/D96T3SJ83.html |title=Stewart hammers Cramer on `The Daily Show' |accessdate=2009-03-13 |date=2009-03-13 |publisher=My Way News }}</ref> For his part, Cramer disagreed with Stewart on a few points, but acknowledged that he could have done a better job foreseeing the economic collapse: "We all should have seen it more."<ref>{{cite web |url=http://www.thedailyshow.com/video/index.jhtml?videoId=221517&title=jim-cramer-unedited-interview|title=March 12, 2009: Jim Cramer Unedited Interview Pt. 2 |accessdate=2009-03-12 |date=2009-03-12 |publisher=''Comedy Partners'' }}</ref>

On March 12, 2009, Jim Cramer appeared on ''[[The Daily Show]]'' with [[Jon Stewart]].<ref>{{cite web |url=http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533 |title=Daily Show interview of Jim Cramer |work=The Daily Show with Jon Stewart |publisher=comedycentral.com}}, March 14, 2009.</ref> Stewart reiterated earlier claims regarding the CNBC host's "silly and/or embarrassing and/or stupid financial observations."<ref>{{cite news |title=CNBC's Jim Cramer Responds to Jon Stewart's Response to CNBC's Jim Cramer |  |url=http://blog.indecisionforever.com/2009/03/10/cnbcs-jim-cramer-responds-to-jon-stewarts-response-to-cnbcs-jim-cramer/ |publisher=Comedy Central}}, March 10, 2009.</ref> Moreover, he claimed CNBC shirked its journalistic duty by believing corporate lies, rather than being an investigative "powerful tool of illumination."<ref>{{cite web |url=http://apnews.myway.com/article/20090313/D96T3SJ83.html |title=Stewart hammers Cramer on `The Daily Show' |publisher=My Way News}}, March 13, 2009.</ref> For his part, Cramer disagreed with Stewart on a few points, but acknowledged that he could have done a better job foreseeing the economic collapse: "We all should have seen it more."<ref>{{cite web |url=http://www.thedailyshow.com/video/index.jhtml?videoId=221517&title=jim-cramer-unedited-interview|title=March 12, 2009: Jim Cramer Unedited Interview Pt. 2 |publisher=''Comedy Partners''}}, March 12, 2009.</ref>

Stewart also discussed how short-selling was detrimental to the markets and investors. Cramer admitted to Stewart that short-selling was detrimental, stated his opposition to it, and claimed that he had never engaged in it.  He said, "I will say this: I am trying to expose this stuff, exactly what you guys do, and I've been trying to get the regulators to look at it."<ref>{{cite web |url=http://www.cnbc.com/id/27850397 |title=Out with Cox, in with Uptick Rule |accessdate=Friday, 21 Nov 2008 |date=Friday, 21 Nov 2008 |publisher=CNBC}}</ref>  

Stewart also discussed how short-selling was detrimental to the markets and investors. Cramer admitted to Stewart that short-selling was detrimental, stated his opposition to it, and claimed that he had never engaged in it.  He said, "I will say this: I am trying to expose this stuff, exactly what you guys do, and I've been trying to get the regulators to look at it."<ref>{{cite web |url=http://www.cnbc.com/id/27850397 |title=Out with Cox, in with Uptick Rule |publisher=CNBC}}, November 21, 2008.</ref>  

=== Frank Rich ===

=== Frank Rich ===

On March 9, 2009, on ''Mad Money'',<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-09-03|accessdate=2009-09-03}}</ref> Jim Cramer said Frank Rich "chastised me for endorsing Wachovia's stock after then-CEO Bob Steel came onto Mad Money and spoke positively about the bank." After the bank collapsed, Cramer reminded viewers that he takes pride in "the part about accountability,"<ref>{{cite news |title=All Press is NOT Equal in Value! |url=http://derekerwin.blogspot.com/2008/10/all-press-is-not-equal-in-value.html |publisher=A 1-In-100 Blogger |author=Derek Erwin |date= 2008-21-10|accessdate=2008-21-10}}</ref> and is the first person to admit when wrong. Cramer mentioned, "Look, I was taken in, the guy pantsed me. I made a mistake. The [[SEC]] is investigating Steel's appearance on the show for truthfulness, though. I made a mistake, but they're investigating him to see if he lied. Bigger issue. Sometimes you just get had."<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-09-03|accessdate=2009-09-03}}</ref>

On March 9, 2009, on ''Mad Money'',<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}}, 2009-09-03</ref> Jim Cramer said Frank Rich "chastised me for endorsing Wachovia's stock after then-CEO Bob Steel came onto Mad Money and spoke positively about the bank." After the bank collapsed, Cramer reminded viewers that he takes pride in "the part about accountability,"<ref>{{cite news |title=All Press is NOT Equal in Value! |url=http://derekerwin.blogspot.com/2008/10/all-press-is-not-equal-in-value.html |publisher=A 1-In-100 Blogger |author=Derek Erwin}}, October 21, 2008</ref> and is the first person to admit when wrong. Cramer mentioned, "Look, I was taken in, the guy pantsed me. I made a mistake. The [[SEC]] is investigating Steel's appearance on the show for truthfulness, though. I made a mistake, but they're investigating him to see if he lied. Bigger issue. Sometimes you just get had."<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics  |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}}, 2009-09-03</ref>

On the same day,<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref> Jim Cramer also admitted, "OK, I'm a tempting target. Plenty of people come in and give their criticism on this show. But we're dealing with serious issues here; we need solutions, which I offer almost every night. I don't want [[ad hominem]] attacks. Take Frank Rich and [[Jon Stewart]]; I criticize Obama, so both of them seize on the [[urban legend]] that I recommended Bear Stearns the week before it collapsed, when I simply told an emailer that the deposit in his account at Bear Stearns was safe. 'Your money is safe in Bear Stearns,'"<ref>[http://www.cnbc.com/id/23575614 Mad Mail: Is Bear Stearns in Trouble?]</ref> Cramer repeated, referring to his own quote during a March 11, 2008 segment of ''Mad Money''. Moreover, Cramer outlined, "But through a clever sound bite, Stewart,<ref>{{cite news |title=CNBC Gives Financial Advice |url=http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice |publisher=The Daily Show |date= 2009-05-03|accessdate=2009-05-03}}</ref> and subsequently Rich<ref>{{cite news |title=Some Things Don’t Change in Grover’s Corners |author=Frank Rich|url=http://www.nytimes.com/2009/03/08/opinion/08rich.html?em |publisher=New York Times |date= 2009-07-03|accessdate=2009-07-03}}</ref> - neither of whom have bothered to listen to the context of the pulled quote - pass off the notion of account safety as an out-and-out buy recommendation. If you called ''Mad Money'' and asked me about Citigroup, I would tell you that the common stock might be worthless, but I would never tell you to pull your money out of the bank because I was worried about its solvency. Your money is safe in Citi as I said it was in Bear. The fact that I was right rankles me even more."<ref>{{cite news |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart?page=4 |publisher=MainStreet |date= 2009-09-03|accessdate=2009-09-03}}</ref> Cramer then argued, "I called out [Paulson<ref>{{cite news |title=Cramer's 'Mad Money' Recap: Dec. 16 |url=http://www.thestreet.com/story/10453585/1/cramers-mad-money-recap-dec-16.html |publisher=TheStreet |author=Jim Cramer |date= 12/16/08|accessdate=12/16/08}}</ref> and Geithner<ref>[http://www.rushlimbaugh.com/home/daily/site_031109/content/01125108.guest.html Business Leaders Can't Let Go of Emotional Investment in Obama], rushlimbaugh.com, March 11, 2009.</ref><ref>{{cite news |title=Cramer: Where the Heck Is Tim Geithner? |url=http://www.cnbc.com/id/29304624 |publisher=CNBC |date= Friday, 20 Feb 2009|accessdate=Friday, 20 Feb 2009}}</ref>] for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC |date= 2009-10-03|accessdate=2009-10-03}}</ref>

On the same day,<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}}, 2009-10-03</ref> Jim Cramer also admitted, "OK, I'm a tempting target. Plenty of people come in and give their criticism on this show. But we're dealing with serious issues here; we need solutions, which I offer almost every night. I don't want [[ad hominem]] attacks. Take Frank Rich and [[Jon Stewart]]; I criticize Obama, so both of them seize on the [[urban legend]] that I recommended Bear Stearns the week before it collapsed, when I simply told an emailer that the deposit in his account at Bear Stearns was safe. 'Your money is safe in Bear Stearns,'"<ref>[http://www.cnbc.com/id/23575614 Mad Mail: Is Bear Stearns in Trouble?]</ref> Cramer repeated, referring to his own quote during a March 11, 2008 segment of ''Mad Money''. Moreover, Cramer outlined, "But through a clever sound bite, Stewart,<ref>{{cite news |title=CNBC Gives Financial Advice |url=http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice |publisher=The Daily Show}}, 2009-05-03</ref> and subsequently Rich<ref>{{cite news |title=Some Things Don’t Change in Grover’s Corners |author=Frank Rich|url=http://www.nytimes.com/2009/03/08/opinion/08rich.html?em |publisher=New York Times}}, 2009-07-03</ref> - neither of whom have bothered to listen to the context of the pulled quote - pass off the notion of account safety as an out-and-out buy recommendation. If you called ''Mad Money'' and asked me about Citigroup, I would tell you that the common stock might be worthless, but I would never tell you to pull your money out of the bank because I was worried about its solvency. Your money is safe in Citi as I said it was in Bear. The fact that I was right rankles me even more."<ref>{{cite news |title=Cramer Takes on the White House, Frank Rich and Jon Stewart |url=http://www.mainstreet.com/article/moneyinvesting/news/cramer-takes-white-house-frank-rich-and-jon-stewart?page=4 |publisher=MainStreet.com}}, 2009-09-03</ref> Cramer then argued, "I called out [Paulson<ref>{{cite news |title=Cramer's 'Mad Money' Recap: Dec. 16 |url=http://www.thestreet.com/story/10453585/1/cramers-mad-money-recap-dec-16.html |publisher=TheStreet |author=Jim Cramer}}, 12/16/08</ref> and Geithner<ref>[http://www.rushlimbaugh.com/home/daily/site_031109/content/01125108.guest.html Business Leaders Can't Let Go of Emotional Investment in Obama], rushlimbaugh.com, March 11, 2009.</ref><ref>{{cite news |title=Cramer: Where the Heck Is Tim Geithner? |url=http://www.cnbc.com/id/29304624 |publisher=CNBC}}, Friday, 20 Feb 2009</ref>] for their mistakes, where was Frank Rich praising me on that? Where was that?"<ref>{{cite news |title=No Respect: Cramer Criticizes His Critics |url=http://www.cnbc.com/id/29601234 |publisher=CNBC}}, 2009-10-03</ref>

== Other television appearances ==

== Other television appearances ==