On this morning’s Today, Cramer described President Obama as having a “radical agenda” that is “the greatest wealth destruction I’ve seen by a president.”
A bit later, Cramer foresaw the possibility of a depression, and called on the president to mend his ways.
MATT LAUER: A lot of people are saying we’re moving past a recession, we’re going into a depression, but it doesn’t have to be the “Great Depression” that we’ve all read about and talked about. It could be a mild depression. What would that look like?
JIM CRAMER: I call it “garden-variety” depression, to distinguish it from the 30% unemployment in 1932. We’re not going to get that. We have FDIC, we have an insurance policy called Social Security. It won’t come to that. It won’t come to civil unrest [unlike what Zbig Brzezinski is predicting]. But we do have to change the attitude of the president. To go from being, what I would call a radical agenda to something that’s slower, recognizing that times are bad.
Chuck Todd, NBC’s chief White House correspondent, reported this morning that the White House is “ecstatic” over Republican in-fighting. But the Obama administration won’t be able to spin Cramer’s warnings away as partisan talk. So what’s its response?
3 Comments
Let me go out on a limb and predict the ‘markets’ won’t like the Obama economy. Huh? What? The market has dropped how much?? Damn!
LOL-Cramer better be careful, or they will take away his DNC magic decoder ring.
My guess is the White House, should they bother to respond at all, will try to make Cramer out to be a kook. The average Obama voter won’t know the difference, anyway.
The Obamanistas can rejoice all they like about the (long overdue) infighting going on in the Republican Party, because should it produce the result most of us are hoping for, the democrats are going to be toast in 2010.
Maybe.
-Dave
For anyone interested, here is Gibbs’ less than adequate response to mr. Cramer:
http://www.mediabistro.com/tvnewser/cnbc/white_house_knocks_jim_cramer_for_calling_obama_budget_greatest_wealth_destruction_by_a_president_110203.asp
-Dave
7 Trackbacks/Pingbacks
[...] has reached the MSM–and that it is largely directed at the president himself. Earlier, I noted how Jim Cramer, appearing on Today, accused President Obama of promoting a “radical [...]
[...] Gibbs to respond to remarks from Cramer, who was described as "not a conservative," made on NBC’s March 3 "Today" show that he "thought the president’s policies, his agenda had contributed to the greatest [...]
[...] This is a serious loss of wealth. Jim Cramer at CNBC, a self professed Democrat, put this loss of wealth in very serious perspective. He called Obama’s agenda radical and described the stock market losses “the greatest wealth destruction I’ve seen by a president.” [...]
[...] Gibbs to respond to remarks from Cramer, who was described as "not a conservative," made on NBC’s March 3 "Today" show that he "thought the president’s policies, his agenda had contributed to the greatest [...]
[...] Gibbs to respond to remarks from Cramer, who was described as "not a conservative," made on NBC’s March 3 "Today" show that he "thought the president’s policies, his agenda had contributed to the greatest [...]
[...] Gibbs to respond to remarks from Cramer, who was described as "not a conservative," made on NBC’s March 3 "Today" show that he "thought the president’s policies, his agenda had contributed to the greatest [...]
[...] Stewart. Let’s do a quick recap before proceeding to today’s skirmish. As reported here, last week on Today Cramer accused Pres. Obama of the “the greatest wealth destruction I’ve [...]