NetRoots blogger upset with Kostradamus

Neil the Ethical Werewolf needs another dose of the Kool-Aid, fast. He’s read the SEC’s allegations, and he sees the problem with Jerome Armstrong and with Kos’s continuing support for him—emphasis mine:

What’s scary here, for the purposes of netroots Democrats like you and me, isn’t that Jerome broke the law. It’s that gave bad advice to people who trusted him, in exchange for secret payments from outside parties that benefitted from his bad advice. And it was bad advice. … I don’t know whether Jerome knew, or whether he cared, that the advice was bad. (I was no genius in those days, but I knew enough not to invest in companies that went public by a reverse merger into a shell, which is what Bluepoint seems to have done. It’s a very bad sign when the only way a company can go public is by merging with another company that has nothing to its name but a ticker symbol.) Even if he was trying to give good advice and just screwed up massively, there’s the fact that he was taking secret money for doing so.

Now Jerome — whom Kos refers to as his ‘blogfather’ — is working for Mark Warner’s campaign. Kos is repeatedly hyping Warner.

…

I’m not saying that Kos is getting paid off by the Warner campaign. (Though since Jerome has been on the getting end of these payments in the past, I wouldn’t be surprised if he’s interested in being on the giving side.) There’s a simpler explanation. Maybe Kos is just another gullible Bluepoint investor who trusts and admires Jerome, and is buying an internet stock for a lot more than it’s worth, on Jerome’s recommendation. We ought to be suspicious of pro-Warner comments Kos makes in the future. You don’t just have to beware the guy who’s willing to mislead you for financial gain — you have to beware the guy who listens to him.

He’s already taking heat in the comments for that, who claim Neil’s backing of Edwards is the real conspiracy here and Kos is one smart cookie. From commenter “Iron Lungfish”:

Markos Moulitsas is famously non-ideological. He doesn’t care much about how far to the left a Democrat is; he doesn’t even care all that much about how antiwar they are (the only real issue that separates his views from much of the DLC’s). He cares about whether they’ll win.

And then if they will win, of course, Kos backs the other guy.

Hat tip to Memeorandum.