Jim Cramer, the television investment personality, has been in the news recently since he criticized Barack Obama’s economic plans as a destroyer of wealth. The petty White House reaction to Cramer has put Cramer on the White House enemies list, along with Rick Santelli and Rush Limbaugh.
Cramer gives his “response” to the White House’s sniping on his website. I agree with most of what Cramer says about Obama’s ill-conceived hostility to the markets, and Obama’s failure to understand the relationship between the markets and the economy. I also appreciate Cramer’s willingness to go public in his opposition.
So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.
If that makes me an enemy of the White House, then call me a general of an army that Obama may not even know exists — tens of millions of people who live in fear of having no money saved when they need it and who get poorer by the day.
But buried in Cramer’s response is a not quite “I’m sorry” mea culpa, which echo’s David Brook’s lament that Obama is not who Brooks thought he was:
I am proud to have voted for the Obama who I thought understood the need to get us on the right path, and create jobs and wealth before taxing it and making moves that hurt job creation — certainly ones that will outweigh the meager number of jobs he’s creating.
Why are you proud you voted for someone who you say is a destroyer of wealth and whose policies you compare to Lenin?
Just admit you made a mistake. You will feel better once you say it. Obama was not who you thought he was, and you were duped by one of the slickest salesmen “in my adult life.” Repeat after me:
I am sorry I voted for Obama. It was a mistake. I was not as smart as I thought I was. I drank the cool-aid. Did I say I’m sorry? Well, I am. Please forgive me. I’m not a bad person. I just wanted everything to be cool.
If David Brooks can do it, so can you.
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Here is a compilation of Cramer clips from Media Matters, the Democratic “watch [attack] dog” organization which did us a favor by putting Cramer’s comments in one place:
http://mediamatters.org/static/flash/mmfaplayer.swf
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Comments
As an outsider, that is I am not a U.S. citizen, I am trying to view all of this without bias. What I am seeing is that the Obama administration is extraordinarily incompetent, and this only after about a month in office.
Since we are all experiencing a period of recession I have found myself going back and relearning my economics – it is a boring subject. It is the only way to cut through the bull that I have seen in so many news reports and blogs. When someone in the finance world, someone who is a Democrat supporter like Cramer comes out and berates the actions of the POTUS then I have to sit up and take notice. The reason to take notice is based upon the fact that suddenly you have someone who is not feeling a tingle up his leg, or having wet dreams and the rest of the things that have been said, but someone who is analyzing what is happening and how the policies being put in place can only lead to a deeper recession, maybe even another Great Depression.
Much of what has come out of the White House since the changeover has been totally disgraceful and well below the standard of what is expected of White House staff.
Just like in Australia though, there is a long way to go before these journalist/commentators get a good kick where they deserve it because of the influence that they have exercised over the minds of a fickle population.
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