Defying CNBC hosts, FT's McCrum says Obama "is quite right that short-term market movements... shouldn't be driving government policy"

Jim Cramer calls on the prez to address the stock market plunge?

That's the tiny little world these guys like Cramer live in.

Didn't your wall street & bank buddies just dry up all of our credit & investments, Cramer old pal?

Now somehow Obama is supposed to come in the last 2 months, snap his fingers and give you more unsubstantiated overblown market value for your precious stocks?

LOL! Pleeeeease ...

If these bomeheads like Cramer and Limbaugh are the smartest guys in the room then run for office.

But talking heads like Cramer with his lousy track record of advice should be ignored

What exactly do the hosts mean by "taxed to death" down the line? Who is suggesting something like this? I mean they seem to have absolutely know idea what is going on outside of they're little bubble.

Shorter version of these whiny CNBC entertainers.

Why hasnt Obama reinflated the artificial bubble that we were all making money off of?

This was an orchestrated, Wurlitzer-driven attack. The "Obama's not doing enough to help the market" meme started in the WSJ, and quickly moved to the Manatee, Chairman Rush, Laura Ingraham and these newsactresses.

Besides the fact that Obama -- and us - inherited this mess from Bush, this is a bogus argument for another reason: Fewer than half of U.S. households own stock. And less than half of those own stock outside fo a 401k or similar plan. Stock ownership remains concentrated among the wealthiest households. The wealthiest 20% of households own over 90% of all stock value. (Economic Policy Institute report here) This is Cramer's demographic.

Finally! Somebody starts speaking some REAL economic since.