John Ransom

Normally when I call someone a yahoo, it’s an insult. But in this instance it’s both an insult and something the target can’t deny.That’s because Yahoo! Finance writer Rick Newman is decidedly a yahoo.

I rarely call out other writers about flatly not knowing what they are talking about, but I make an exception-- as EVERYONE knows—with Ezra Klein…and now noted yahoo, Yahoo! Finance! Writer! Rick! Newman!

OK, who am I kidding?

I’ll stipulate right now that I call A LOT people out- including finance writers- for not knowing what they are talking about. But I’m saying that I don’t in this case in the same way Obama says he does negotiate with the GOP.

It’s done more as a matter of claiming moral authority than it is for any actual impartation of truth.

So I’m saying it rhetorically, OK? From a great big throne surrounded by Grecian columns.

I’m saying it because Newman! is another poster boy for what’s wrong with mainstream media.

And I’d like to use him as an example so aspiring journalists will know that gone are the heroic days of brave investigative journalists. I’m selfless in this way.

I give and I give and I give and I give until someone else hurts, as we all know.

You’re welcome.

Anywho, today, journalism looks more like stuff made by people who are good at making stuff up. And it’s consumed by people who are good at listening to make-believe stuff written by people who make stuff up.

Stuff that’s mostly rhetorical.Created by yahoos like Yahoo! Rick Newman.

"Well, for those who like that sort of thing,” Abe Lincoln once yawned after listening to a reading about the occult, “I should think it is just about the sort of thing they would like."

Don’t get me wrong, Rick’s a fine writer. For those who like the sort of thing that Newman! writes about, I should think it is just about the sort of thing they would like.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable