Friday, August 07, 2009

Ben Stein's Money


I have to say I loathe Ben Stein, so I was pleased to hear the New York Times has fired him for conflict of interest. Dispensing financial advice from the Sunday Business Section while being a spokesman for Freescore.com which offers free monthly credit reports for only $359 seems reason enough, but of course there was the financial advice itself. Ben gets his prognostications from the same source on Neptune that Jim Cramer does.
"I’m writing this on Aug. 13, 2007… the stock market is cheap on a price-earnings basis, profits are fabulous… and in the long run, both here and abroad, stocks are a lovely place to be." [emphasis mine]

That's classic Ben Stein bad advice and bad enough to suggest seppuku to a more honorable man. In fact, it closely mirrors the bad advice of his close friend Cramer and to the point where Stein was willing to tell us all that Jon Stewart had "yelled and cursed" at him when in fact, it was not true. That's classic Ben Stein projection -- or outright lie, if you prefer. I did mention that I loathe him, didn't I?

For anyone who still thinks Ben has ever had much to offer beyond the faux elitism, the wildly dishonest defense of Creationism and enduring belief that Richard Nixon was not a crook, I will refer you to the Ben Stein Watch archives; about to close it's "doors" now that the mission has been accomplished. Let's hope it really has been.

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