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	<title>FAIR Blog &#187; Joe Scarborogh</title>
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	<description>The national media watch group</description>
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		<title>GE Workers Don&#039;t Know One &#039;Successful Unionized Co.&#039;</title>
		<link>http://www.fair.org/blog/2009/08/10/ge-workers-dont-know-one-successful-unionized-co/</link>
		<comments>http://www.fair.org/blog/2009/08/10/ge-workers-dont-know-one-successful-unionized-co/#comments</comments>
		<pubDate>Mon, 10 Aug 2009 19:44:11 +0000</pubDate>
		<dc:creator>Gabriel Voiles</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Bear Stearns]]></category>
		<category><![CDATA[card check]]></category>
		<category><![CDATA[CNBC]]></category>
		<category><![CDATA[Jim Cramer]]></category>
		<category><![CDATA[Joe Scarborogh]]></category>
		<category><![CDATA[labor]]></category>

		<guid isPermaLink="false">http://www.fair.org/blog/?p=11920</guid>
		<description><![CDATA[Partisan blogger Nick (8/6/09) has republished a new email campaign from American Rights at Work that reviews how, "just before Bear Stearns went under, CNBC's Jim Cramer had strong advice for his Mad Money viewers: buy Bear Stearns stock, and fast!"
Of course, "then the company imploded and thousands of ordinary people saw their retirement savings [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Partisan</strong> blogger Nick (<a href="http://partisan-news.blogspot.com/2009/08/jim-cramer-has-it-wrong-again.html" target="_blank">8/6/09</a>) has republished a new email campaign from American Rights at Work that reviews how, "just before Bear Stearns went under, <strong>CNBC</strong>'s Jim Cramer had strong <a href="http://www.fair.org/blog/2009/06/19/cnbcs-jim-cramer-still-on-air-still-wrong/">advice</a> for his <strong>Mad Money</strong> viewers: buy Bear Stearns stock, and fast!"</p>
<p>Of course, "then the company imploded and thousands of ordinary people saw their retirement savings vanish. Oops." Nick continues:</p>
<blockquote><p>Now Cramer is telling his viewers the Employee Free Choice Act will hurt the U.S. economy.</p>
<p>Cramer was wrong then, he's wrong now! But this time we know exactly what will happen if viewers listen: Millions will lose out financially.<br />
<!--preview-break--><br />
Jim Cramer is claiming that the Employee Free Choice Act will stall the U.S. 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 the broken economy.</p></blockquote>
<p>Discussing on <a href="http://www.fair.org/blog/2009/06/11/a-newsweek-story-gets-better-for-scarborough-with-a-little-help-from-a-friend/">Joe Scarborough</a>'s <strong>MSNBC</strong> show the act he calls "a 'sword of Damocles' hanging over our economy," Cramer "and other guests claimed they couldn't identify a single successful unionized company."</p>
<p>But American Rights at Work happens to know that "<strong>GE</strong> owns both <strong>MSNBC</strong> and Jim Cramer's own employer, <strong>CNBC</strong>. And guess what? <strong>GE</strong>’s employees are represented by unions"--and <strong>General Electric</strong> "earned more than $18 billion in profits in 2008!"</p>
<p><a href="http://action.americanrightsatwork.org/campaign/madmoney/3nkedkkr273k8njt?" target="_blank">Take action</a> by letting <strong>CNBC</strong> know that "Jim Cramer needs to stop parroting the talking points of the same greedy CEOs who got us into this economic crisis."</p>
<p>Also read the FAIR magazine <strong>Extra!:</strong> "For Media, 'Card Check' Promise Is One to Break: Corporate Outlets Suddenly Discover 'Workers Rights'" (<a href="http://www.fair.org/index.php?page=3697">February 2009</a>) by Janine Jackson.</p>
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