I hadn't heard Jim Cramer's name for a while. Then, over the last 48 hours I see at least 2 articles about "Jim Cramer speaks out against Trump Tariffs"
I have been watching CNBC just to get a feeling and he said on a panel show that he hates free trade and always has. I haven't listened to Cramer much in the past but is this true? The other hosts seemed shocked he said it and then he double and triple downed for the next few days/weeks until recently where he said he was wrong.
I defend Cramer, not the man, but from the over the top disinformation that’s spread about him. I’ll probably do so in another reply to this video, which is widely misrepresented.
But I can confirm your impression is exactly correct. His flip in the last couple of months has been disgusting, and he’s going overboard with various lies about his own history on tariffs and other things. He’s sucking up to the current administration like never before.
He keeps repeating the lies “I’ve always been against free trade, I’ve always hated globalism!”
That’s just untrue. I’ve known and followed him for over 30 years.
He’s always been in favor of free trade, and efficiency in markets and trade, and opposed to broad tariffs.
The only figment of truth is he has sometimes favored very specific and targeted tariffs, but only in cases of obvious abuse, like a country dumping enormous amounts of steel at far below cost in order to damage our industry. For the most part, he’s been vocally against tariffs and trade restrictions.
He’s doing the same historical revision with Trump, who he’s previously disliked, albeit with only enough courage to do so in quips.
Same with his sudden and false shift to smearing the former FTC chair Lina Kahn. He admired and praised her effusively for 4 years. With good reason. Now he parrots all the trash talk about her. It’s pathetic.
I’d urge you to read my direct response to the video above, and you’d learn that the video is not him actually saying he does that. He’s in his storytelling mode describing industry practices from a decade or two earlier, not what he is doing or did.
That segment was filmed in 2006 for his real money web channel. At that time he’d been out of Wall Street for five years. He was mimicking a typical scammy hedge fund operator.
For someone who doesn’t know the context and how he does these routines, they’d be perfect targets for being duped. That’s how this video and a couple of other deceptive clips have been used incessantly to smear him.
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u/secondphase 2d ago
Interesting.
I hadn't heard Jim Cramer's name for a while. Then, over the last 48 hours I see at least 2 articles about "Jim Cramer speaks out against Trump Tariffs"
Now I see "Jim Cramer is a douche" posted.