CNBC’s Jim Cramer in October:
And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression.
Cramer, yesterday:
“I thought the prices, the screen, the action, the sense of a vortex down that cannot be stopped, of equities becoming worthless, of savings becoming tattered, of a stock market without bottom,” Cramer said. “But this time in slow motion, I felt the total lack of control that we all feel right now – the ‘it’s out of my hands,’ the ‘where’s the authority,’ the, ‘Hey, it’s amateur hour at our darkest moment.’ It’s the feeling of capitalism vanishing, businesses capsizing under their own weight – thanks to an administration that doesn’t seem to know or maybe doesn’t care.”
The “Mad Money” host observed that the “change” mantra that Obama campaigned on was actually coming to fruition, but he said it was coming to the detriment of the American economy.
“Hey – I get it,” Cramer said. “Young president, big landslide, vigorous agenda, Congress that smells Republican blood – might find changing the world simply irresistible. We all want to change the world. I know I’d like to change the world, but when you talk about wealth destruction, don’t you know that you can count me out?”
And naturally, in response, Obama’s press secretary attacks Cramer by name. Man, the Nixon Obama White House’s enemies list is growing a lot faster than the economy itself.
Update: Welcome Insta-readers! And for video of Cramer’s meltdowns du jour, click here for yesterday’s and here for today’s. And for some thoughts on the latter, check out this post by Jonah Goldberg.
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30 Comments
1. Vodkapundit » Read the Whole Thing:[...] Ed Driscoll writes, “Man, the Nixon Obama White House’s enemies list is growing a lot faster than the economy itself.” [...]
Mar 3, 2009 - 1:39 pm 2. David Thomson:Jim Cramer is almost certainly pro-abortion. He is your typical economically knowledgeable analyst who foolishly allowed his cultural war values overwhelm his common sense. Barack Obama received four to five dollars from the Wall Street crowd to every one obtained by John McCain. No, these gullible folks did not vote their pocketbooks. They instead voted on behalf of their beliefs on abortion. And don’t let anyone con you into believing anything to the contrary.
Mar 3, 2009 - 1:57 pm 3. Stacy:I’ve always thought Cramer was an animated douche. Just proved me right, that’s all.
Mar 3, 2009 - 2:04 pm 4. Instapundit » Blog Archive » DAVID BROOKS: This is not the Barack Obama I thought I knew. Actually, it’s the same Obama it al…:[...] More buyer’s remorse from former Obama supporter Jim Cramer. “And naturally, in response, Obama’s press secretary attacks Cramer by name. Man, the Nixon [...]
Mar 3, 2009 - 2:48 pm 5. Toads:The good news is that all non-leftists will unite against Obama.
Check out this chart of US ideological distribution, from before the election. Look how far Obama is from the center of all voters. This inevitably will unite moderates, libertartions, and conservatives against socialism.
Mar 3, 2009 - 2:53 pm 6. Kent G. Budge:Personally, I would be proud to be on Obama’s enemies list.
Terrified, but proud.
Mar 3, 2009 - 2:53 pm 7. Paul:For the past thirty years, or more, you could drive from New Jersey up 95 to Portland, Maine, and west to Detroit. Hundreds of dead and dying cities, each with economic death spasms, and legions of leftist, planners, hooked up contractors, union workers all making well off the dying carcass like thieving floor cleaners in a bad nursing home to life support patients.
So too now entire states are entering economic hospice. Michigan, Maine, New York, Mass. All getting elderly, the public works getting shabby, bills piling up, young kids letting out to less costly regions.
No reason this shouldn’t be repeated on a national scale. Democrats are good at profiting, personally, from decay and decline. Like one of those Sci Fi alien parasites that enter the body and then weaken the body enough so that it craves that which is weakening it even more.
Or like one of the evil nurses that inject patients in nursing homes. So kind, so understanding, always there for you. Lovely people.
Maybe what we are seeing in this jet age, Internet age is natural, mature civilisation lysis, but accelerated like everything else, and instead of hundreds of years, just tens of years.
Fascinating, really.
Mar 3, 2009 - 3:03 pm 8. Evil Pundit:I can see Obama on TV one day, earnestly declaring “I am not a crook.”
Mar 3, 2009 - 3:04 pm 9. Robbins Mitchell:How do I go about getting myself on Obozo’s little enemies list?…I would hate like hell for him to think I’m NOT diametrically opposed to him both personally and politically…..maybe I could send him the nude pix I have of his mother Stanley Ann wearing a sex slave choke chain collar….that should do it
Mar 3, 2009 - 3:26 pm 10. Wellspring:Give the President a break: he’s trying to learn how to run the country as fast as he can. For an untested, half-term Senator with no executive experience, he isn’t doing half bad.
Mar 3, 2009 - 3:43 pm 11. MarkJ:Official Obama Stimulus Slogan:
“Who are you gonna believe? Me or your lying eyes?”
Mar 3, 2009 - 3:50 pm 12. Milton:“Give the President a break: he’s trying to learn how to run the country as fast as he can. For an untested, half-term Senator with no executive experience, he isn’t doing half bad.”
You’re right. He isn’t doing “half-bad”, he’s doing all bad!
His comment that he cannot worry about the “fits and starts” of the stock market was just plain dumb. Baby boomers, many of whom are on the verge of retirement, have their money in the market. State and municipal pensions are in the market. Insurance annuities are in the market. Over half of the country owns stock. Since Obama has been elected there has been tens of trilions of dollars lost in equity values. Wealth has vanished. People can’t retire, which would open up jobs for younger workers. And all he can say is “fits and starts” don’t concern me?
It’s bad.
Mar 3, 2009 - 4:04 pm 13. DirtCrashr:It’s straight Leninism: Capitalism can only be overthrown by revolutionary means; attempts to reform capitalism from within such as Fabianism and non-revolutionary forms of “democratic socialism” are doomed to fail.
Mar 3, 2009 - 4:16 pm 14. Joemama:In going for the jugular it’s necessary to topple the capitalist-engine and capture it’s fruits for later disbursal among more-equals in the new Socialist Order. Who wants a free ACORN condo on the Gold Coast down the street from Oprah?
Cramer is 100% right on Obama and his wealth destruction agenda. He spent $780 billion in order to give 95% of Americans $13 per paycheck and others people pennies on the dollar. It is good to see the rose colored glasses finally start to fall from the eyes of the punditry.
Mar 3, 2009 - 4:40 pm 15. Toads:All I can say is that without Carter, we would not have gotten Reagan. Carter was a necessary condition for Reagan’s greatness.
One can hope that Obama clears the way for Bobby Jindal or Sarah Palin, both of whom represent the correct values for America in the 21st century.
Jindal/Palin 2012.
Mar 3, 2009 - 4:50 pm 16. Toads:It is also good news that moderates are getting annoyed with him so fast. I thought this would take 3 years, rather than just 5 weeks.
The real litmus test will be Thomas Friedman. He is an Obama supporter and a liberal, but also a staunch free-marketeer, and he does not put partisanship ahead of free-market support. When HE turns, then you know that America has turned.
Another big signal to watch for is a cadre of Black Republicans uniting to oppose Obama. There are Black Republicans, but I never see them united as a single front. The time for that is now.
Mar 3, 2009 - 4:54 pm 17. Chad:“And naturally, in response, Obama’s press secretary attacks Cramer by name.”
Okay, that sounds interesting, so I click on the link.
The top of the text of the linked article says, “NBC’s Tom Costello, on duty at the White House today, asked press secretary Robert Gibbs about some comments made by his CNBC colleague Jim Cramer. On the Today show this morning, Cramer called Pres. Obama’s budget a ‘radical agenda,’ adding, ‘This is the greatest wealth destruction I’ve seen by a President.’”
So Gibbs “attacked” Cramer “by name” because Tom Costello asked Gibbs for a comment on Cramer’s comments? Wasn’t there a pseudo-blog-fiasco about this a few years ago, but going in the other direction?
And then, the passages quoted make Gibbs seem like he’s trying above all to not really attack Cramer, but just backhand him a little. If that’s what passes for an attack, it’s no wonder that Pelosi runs things.
Mar 3, 2009 - 5:41 pm 18. Greg F:Obama, our American Idol president.
Mar 3, 2009 - 6:10 pm 19. Toads:“Obama, our American Idol president.”
NO. American idol winners are chosen on demonstrated merit.
Obama is our Affirmative Action President, with all the implications that the statement carries.
Mar 3, 2009 - 6:14 pm 20. bill-o:we can only hope that Obama does for the Dems what Nixon did for the Repubs.
Mar 3, 2009 - 6:17 pm 21. Christian Toto:If the admin is this petty now … just wait a few weeks when a few more reporters jump into the fray.
Talk about not coming off as presidential … wah, Rush started it!
Mar 3, 2009 - 6:59 pm 22. My Message to Obama: | The Anchoress:[...] press secretary seems amused by it all – at least he seems to be giggling as the White House names yet another public voice that is to be laughed at and dismissed for daring to question this [...]
Mar 3, 2009 - 7:43 pm 23. Rob:Obama lied; the economy died!
Mar 3, 2009 - 8:42 pm 24. Open Roads:Pace David Brooks – “Those of us who consider ourselves moderates — moderate-conservative, in my case — are forced to confront the reality that Barack Obama is not who we thought he was.”
If only they had not avoided that reality when they were shilling for him in 2008… don’t mind if they have buyers remorse, but it’s what they bought on behalf of the rest of us that we are now all stuck with.
Mar 3, 2009 - 9:24 pm 25. David Brooks wakes up and smells the Kool-Aid while “Republicans for Obama” remain as clueless as ever | The Skepticrats:[...] Ed Driscoll notes another convert.
Mar 4, 2009 - 1:08 am 26. Chester White:Hey, Cramer:
WELCOME TO THE PARTY, PAL!
Mar 4, 2009 - 6:16 am 27. Founding Fathers. Big Brother. Choose one. « Lindy’s Blog: Where Mom is Always Right:[...] just what Robert Gibbs is doing to three such persons, namely Rick Santelli, Mad Money’s Jim Cramer
Mar 4, 2009 - 1:09 pm 28. He Said, She Said, Bob Said « Obi’s Sister:[...] press secretary seems amused by it all – at least he seems to be giggling as the White House names yet another public voice that is to be laughed at and dismissed for daring to question this [...]
Mar 4, 2009 - 2:14 pm 29. Pete:When it comes to common sense, it seems that Jim Cramer has even less than Cosmo Kramer!
Mar 8, 2009 - 10:34 pm 30. phentermine overseas:Great work, webmaster, nice design!
Jul 11, 2009 - 5:20 pmSorry, comments for this entry are closed at this time.