Wait a second, Jim Cramer? Boo-yah Jim Cramer? Jim Cramer who was an Obama supporter, who I believe said at one point, “With Obama it’s just a recession, with McCain you get a depression?” THAT Jim Cramer? Even he dare speak ill of Dear Leader?
Yes, NON-IDEOLOGICAL Jim Cramer was on the Today’s show mentioning how he thought it was amateur hour. WH Minister of Propaganda Press Secretary attacked him like they do anyone who disagrees (just like George Bush, except Bush didn’t have the media carrying on the attack for him). Cramer “clapped back” on his website…
Look at the incredible decline in the stock market, in all indices, since the inauguration of the president, with the drop accelerating when the budget plan came to light because of the massive fear and indecision the document sowed: Raising taxes on the eve of what could be a second Great Depression, destroying the profits in healthcare companies (one of the few areas still robust in the economy), tinkering with the mortgage deduction at a time when U.S. house price depreciation is behind much of the world’s morass and certainly the devastation affecting our banks, and pushing an aggressive cap and trade program that could raise the price of energy for millions of people.
You can argue, of course, that Obama inherited one of the worst hands in the world. I had been a relentless critic of the Bush administration’s “stewardship” of the economy, calling repeatedly for changes to avert the disaster that I saw coming, although perhaps Gibbs hasn’t seen my CNBC meltdown. Seemed pretty prescient to me.
I, like everyone else, have made less authoritative and wrong statements in the past, but that rant still stands as something that I am sure everyone in the Bush administrations’ Treasury and Fed listened to. My calls to sell 20% of your stocks in September at Dow 11,000 and then all of your stock if you need the money for the next five years at Dow 10,000 in October, might have eluded Gibbs, too.
I was one of the people who sold all of his stock back in September, and am thankful that I did 5,000 points or so later. So yeah, it’s one thing to attack Rush Limbaugh. He’s part of the “right wing attack machine.” And I’m sure Jim Cramer would welcome either Tim Geithner or Larry Summers on his show to rebut his opinion of the Obama Budget/Economic plan. After all, they’re the two economic masterminds behind it.
Here’s the rub, though. Whenever you see Geithner or Summers trying to advocate for the President, it’s not all that convincing that they believe what they’re saying.
But I’m sure Dear Leader knows best.
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