In CNBC host Cramer's "U.S.S.A.": "Comrade[]" Obama is a "Bolshevik" who is "taking cues from Lenin"
SUMMARY: CNBC's Jim Cramer has repeatedly characterized President Obama and congressional Democrats as Russian communists intent on "rampant wealth destruction," claiming Obama is "taking cues from Lenin" and using terms such as "Bolshevik," "Marx," "comrades," "Soviet," "Winter Palace," and "Politburo" in reference to Democrats.
In the past month, CNBC Mad Money host Jim Cramer has repeatedly characterized President Obama and congressional Democrats as Russian communists intent on "rampant wealth destruction." Specifically, Cramer has referred to Obama as a "Bolshevik" and said he is "taking cues from Lenin." Cramer has also used terms such as "Marx," "comrades," "Soviet," "Winter Palace," and "Politburo" in reference to Democrats and questioned whether House Speaker Nancy Pelosi (D-CA) is the "general secretary of the Communist Party."
As Media Matters for America documented, on the March 3 edition of NBC's Today, Cramer attacked Obama's purported "radical agenda" and claimed that "this is the most, greatest wealth destructive I've seen by a president." Cramer's statements were subsequently highlighted by congressional Republicans.
Examples of Cramer characterizing Obama and congressional Democrats as Russian communists in the past month include:
- During the February 2 edition of MSNBC's Morning Joe, Cramer discussed January 29 remarks by Obama in which, referring to an "article today indicating that Wall Street bankers had given themselves $20 billion worth of bonuses," Obama stated: "And so, you know, we're going to be having conversations as this process moves forward directly with these folks on Wall Street to underscore that they have to start acting in a more responsible fashion if -- if we are to, together, get this economy rolling again. There will be time for them to make profits, and there will be time for them to get bonuses. Now is not that time. And that's a message that I intend to send directly to them, I expect [Treasury] Secretary [Tim] Geithner to send to them." Cramer claimed of Obama's remarks:
Well, there's people who think I look like Lenin. Let me tell you something. We heard Lenin. There was a little snippet last week with, "Now is not the time for profits." I -- look, in Lenin's book What Is To Be Done?, the simple text of what I always thought was for the communists, it was remarkable to hear very similar language from What Is To Be Done?, which is that we have no place for profits. Thank heavens for the Chinese communists, deeply rooted in a profit government, because we have decided that profits have no place in the system.
After co-host Joe Scarborough said "[t]hat was a stunning quote," Cramer replied: "I was thinking, 'is he the New Economic Policy Lenin or the initial storm-the-Winter-Palace Lenin?' I'm not quite sure yet, it's a mid-20 situation. It could go either way."
- During the February 2 edition of Mad Money, Cramer echoed his Morning Joe comments by claiming that the "Bolsheviks stormed the Winter Pa -- Obama got elected. Hard to tell the difference when he's talking about how now is not the time for profits. By the way, my great-great-granduncle [Lenin] often said that now is not the time for profits."
- During the February 6 edition of Mad Money, Cramer said of Obama: "[H]e has to repudiate a lot of what's happened so far. For example, bizarrely, he gave Nancy Pelosi free rein to create a stimulus package full of pork -- extended unemployment benefits but without, you know, any stimulus. What is she? The general secretary of the Communist Party -- I mean, of the Democratic Party?" Cramer then added: "Then he took his Leninist line, telling us now -- telling us that now is not the time for profits and instituting salary caps for executives at banks who take more TARP money." While Cramer spoke, he held up a picture of Lenin:
- During the February 13 edition of Mad Money, Cramer claimed: "Some people actually believe that we are going to slash our $600 billion defense budget just because the Bolsheviks stormed the Winter -- just because Barack Obama got elected and went to the White House." Cramer added of the defense budget claim: "[T]here is no way Obama wants to tarnish himself -- some would say further tarnish himself -- by getting into a big fistfight with the Pentagon."
- During the February 26 edition of Mad Money, Cramer claimed of Obama:
He's crushing the margins of the health-care insurance companies like Aetna and Cigna. He's turning them into charities, for heaven's sakes, right before our eyes. Reimbursements could be cut for everyone, including the drugs not just made by Big Pharma places like Lilly but biotechs like Genzyme. Companies we had thought were near and dear to the hearts of the Bolshe -- of the Democrats everywhere.
After noting that "[m]y charitable trust owns some health care," Cramer later said of health-care stocks: "All of which goes to show in this new commun -- in this new Democratic revolution -- don't worry, after about another four years, I will get it right. Nothing is safe." Cramer then asked from who Obama is "taking his cues" and answered: "[H]e's taking cues from Lenin, and I don't mean the 'All We Need is Love' [John] Lennon. I'm talking about the we'll-take-every-dime-Cramericans-have Lenin, a man whom I revere as an ancestor but not as a manager of a capitalist country. With this assault, no stocks can be considered truly free from danger."
While Cramer spoke about Obama, he again held up a picture of Lenin:
Cramer added that Obama is the "new enemy" and "[n]ow we're just worried about Marx. And I don't mean Groucho."
- During the March 2 edition of Mad Money, Cramer recounted that he was at a concert at Madison Square Garden and "a young kid took me aside, said I was right to say we had elected a Leninist." Later, while discussing soft-drink maker PepsiCo, Cramer said:
Pepsi even posted 17 percent volume growth in Russia, and their economy has been pancaked. Yeah, so pancaked that I bet the Russians are longing for the good old days of the first five-year plan. Something we're about to experience here under the leadership of Comrades Obama and Pelosi. And the Politburo. Politburo -- did he say Politburo? I think he meant Congress.
Cramer later wondered: "Is nothing safe? Can any group be protected from the wealth-destroying efforts of President Obama and the people's Soviet -- and the Democratic Congress?"
- During the March 3 edition of Mad Money, Cramer stated, "[w]elcome to the U.S.S.A." and told viewers he would help them "Obama-proof your portfolio, or at least make it Obama-resistant, because we know he has both the power and the will to crush entire sectors." Cramer further claimed: "In the worst bear market since the Great Depression, we have a president and a Bolshevik -- Democratic Congress that seems oblivious to the rampant wealth destruction that's being caused by their agenda. Or maybe they know and they don't care."
From the February 2 edition of MSNBC's Morning Joe:
JOE SCARBOROUGH (co-host): That's what's so -- so distressing to me is that Barack Obama's been in for a week or two -- I'm still, I'm cheering for him. I'm cheering for the Democratic Party, the Republican Party, because I'm cheering for America and this economy. But they've only been in for a couple of weeks, and we're already hearing him telling other senators, "Hey, we won. It's gonna be our bill."
CRAMER: Well, there's people who think I look like Lenin. Let me tell you something. We heard Lenin. There was a little snippet last week with, "Now is not the time for profits." I -- look, in Lenin's book What Is To Be Done?, the simple text of what I always thought was for the communists, it was remarkable to hear very similar language from What Is To Be Done?, which is that we have no place for profits. Thank heavens for the Chinese communists, deeply rooted in a profit government, because we have decided that profits have no place in the system.
MIKA BRZEZINSKI (co-host): OK, first of all, I got two questions for you --
SCARBOROUGH: That was a stunning quote. "Now is not the time for profits."
CRAMER: For profits, no. It's the time for nationalization, and I was thinking, is he the New Economic Policy Lenin or the initial storm-the-Winter-Palace Lenin? I'm not quite sure yet. It's a mid-20 situation. It could go either way.
From the February 2 edition of CNBC's Mad Money:
CRAMER: We used to have this thesis here, that Washington would embrace natural gas.
UNIDENTIFIED WOMAN (audio clip): House of pleasure.
CRAMER: As a fuel for vehicles, like cars and trucks. And that we use it as a sort of transition fuel, since it's cleaner and cheaper than oil, while we waited for renewable fuels to become viable. And then, yep, the Bolsheviks stormed the Winter Pa -- Obama got elected. Hard to tell the difference when he's talking about how now is not the time for profits. By the way, my great-great-granduncle often said that now is not the time for profits.
From the February 6 edition of CNBC's Mad Money:
CRAMER: We got -- I'd call today a relief rally after two weeks of unremitting sense that Obama had betrayed us and all of his new-thinking ideals. We got an enormous reprieve today as investors bet that the new old Obama will resurface and rescue everything from tech to steel to banks to commodities. What I heard from the market today was, all we are saying is give Obama a chance. Perhaps a recognition that our president could be more John Lennon than Cramer great-great-granduncle Vlad Lenin.
And all of this despite the awful jobs data that probably is making you think that the market should have taken a nosedive. If that's not crazy, nothing is. No wonder that you turned to this madman to help you try to figure out this market. We -- meaning, of course, I -- am thrilled at prospect of a second honeymoon for Obama after he squandered the first one. What's he have to do to follow-through on this rip-snorter of an Obama's OK rally today? Well, he has to repudiate a lot of what's happened so far. For example, bizarrely, he gave Nancy Pelosi free rein to create a stimulus package full of pork -- extended unemployment benefits but without, you know, any stimulus. What is she? The general secretary of the Communist Party -- I mean, of the Democratic Party? Then he took his Leninist line, telling us now -- telling us that now is not the time for profits and instituting salary caps for executives at banks who take more TARP money. Then he just scared the heck out of us. I gotta tell you, he scared me.
From the February 13 edition of CNBC's Mad Money:
CRAMER: Some people actually believe that we are going to slash our $600 billion defense budget just because the Bolsheviks stormed the Winter -- just because Barack Obama got elected and went to the White House. That's not how I feel. Recently, defense king Nicholas Chabraja, the CEO of General Dynamics, called a possible cut in defense spending --
CRAMER [audio clip]: They know nothing!
CRAMER: -- inconceivable, and there's no way Obama wants to tarnish himself -- some would say further tarnish himself -- by getting into a big fistfight with the Pentagon.
From the February 26 edition of CNBC's Mad Money:
CRAMER: He's crushing the margins of the health-care insurance companies like Aetna and Cigna. He's turning them into charities, for heaven's sakes, right before our eyes. Reimbursements could be cut for everyone, including the drugs not just made by Big Pharma places like Lilly but biotechs like Genzyme. Companies we had thought were near and dear to the hearts of the Bolshe -- of the Democrats everywhere.
If I didn't know any better, I would think that President Pelosi -- President Obama wants the stock market lower. He's turned the White House into a bear's den. It's Jellystone National Park. Obama has unleashed bunker-busting missiles on the cost-cutting health care players, the insurance companies, the drug companies. He's making sure that these companies, which were once winners, are now big losers. You know what they're doing? They're failing the Marathon Man test: Is it safe? I say, pass me the oil of clove. My charitable trust owns some health care. All of which goes to show in this new commun -- in this new Democratic revolution -- don't worry, after about another four years, I will get it right. Nothing is safe. There are no bomb shelters, no NORAD [North American Aerospace Defense Command] caves. You can try to hedge against the chaos by owning gold -- we know you like that -- but you gotta buy it on the way down, not on the way up.
We're in real trouble. We're in real trouble between what's happening in the world economy and our president, who seems to be taking his cues -- guess who he's taking his cues from? No, not Mao. Not Pancho Villa -- although I had lunch with him. No, he's taking cues from Lenin, and I don't mean the "All We Need is Love" Lennon. I'm talking about the we'll-take-every-dime-Cramericans-have Lenin, a man whom I revere as an ancestor but not as a manager of a capitalist country. With this assault, no stocks can be considered truly free from danger.
Defense stocks -- maybe Obama's going to stop war profiteering. He reminds me in the father in East of Eden. Heck, he reminds me of Tom Joad, if you want to stick with the Steinbeck theme. Oil is up big, but for all we know Obama's about to put in a windfall profits tax like the late Jimmy Carter, may he rest in pe -- forgot. What happens if our Treasury Secretary, Tiny Tim Geithner, calls another reporter tomorrow and the reporter tells him the banks rallied Thursday and you better shoot them like capitalist running dogs? Timid Timmy does whatever his press cabal wants. So tomorrow must be an awful day for the financials. If health care can get killed like this, pretty much any group could be next. We gotta recognize this is a terrible market, one where any lift is a chance to lighten up until Obama realizes that, well, many Americans actually own stocks, not just the plutocrats. We have a new enemy. We voted for him. And along with the dismal economy, he's making these pieces of paper more dangerous by the day. A week ago -- a week ago, we were worried about whether the banks were making the right marks on their portfolio. Now we're just worried about Marx. I don't mean Groucho.
From the March 2 edition of CNBC's Mad Money:
CRAMER: I just want some sign that Obama realizes the market is totally falling apart, and that his agenda has a big hand in that happening. I don't know about you, but I felt it -- felt it everywhere I went this weekend. I felt it when I went out to dinner on Friday at the local watering hole. I felt it at my meal before the big Van Morrison concert at the [Madison Square] Garden, and it crushed me when right before Van the man belted out the "Moondance," a young kid took me aside, said I was right to say we had elected a Leninist. At least Van didn't castigate us for paying to see him -- that was a nice switch.
[...]
CRAMER: The company has a big overseas initiative in China, where it expects to build several new plants in the next few years. And you know we think the Chinese communists -- the last, best, and certainly the most rapacious capitalists left in the world.
Pepsi even posted 17 percent volume growth in Russia, and their economy has been pancaked. Yeah, so pancaked that I bet the Russians are longing for the good old days of the first five-year plan. Something we're about to experience here under the leadership of Comrades Obama and Pelosi. And the Politburo. Politburo -- did he say Politburo? I think he meant Congress.
[...]
CRAMER: Is nothing safe? Can any group be protected from the wealth-destroying efforts of President Obama and the people's Soviet -- and the Democratic Congress? It sure didn't seem that way today.
From the March 3 edition of CNBC's Mad Money:
CRAMER: Welcome to the U.S.S.A. In the worst bear market since the Great Depression, we have a president and a Bolshevik -- Democratic Congress that seems oblivious to the rampant wealth destruction that's being caused by their agenda. Or maybe they know and they don't care. Either way, it's important that you Obama-proof your portfolio, or at least make it Obama-resistant, because we know he has both the power and the will to crush entire sectors. Everything from health care to oil and gas to the defense contractors. As if dealing with this garden-variety depression wasn't enough, now you need to protect your money from the expropriator-in-chief.
Cramer is a greater threat to investors and their money (those who listen to him, that is) than Obama. And I thought his old partner, Kudlow, was the bigger idiot of the two.
I have to vehemently agree. Without question Kudlow is on the AEI / Heritage payroll, he is so far disconnected from reality that even Bob Brinker doesn't want Kudlow stinking up his radio show.
But Cramer is, well, for the little guy, right? He's looking out for us, right?
But here's the rub - Cramer is not a FIDUCIARY. He has no responsibility to give us great unwashed good advice, such as "put your money under your mattress!" Cramer's raison d'etre is to get us schmoes to trade stock, even if we're losing trillions of dollars.
Cramer's job is to make himself money. I don't understand why mmfa (or any whiner complaining about Cramer) can't understand that! He isn't there to help you or his viewers make money, he is there to make himself and his boss money. He does crazy things to get more ratings. More ratings equate to more pay.
Since when has it become illegal to make money legally? I think the minion who promote mmfa have lost sight of that FACT. The majority of you come here and whine about someone you don't like as if your opinion matters, when it doesn't. This is free America (for now), when Obama finishes his plan of turning it into a socialist state, then you can whine about someone legally making money. Until then all you do is promote his show and get more people to watch it. YOU are helping him make more money. But, I don't think any of you are smart enough to figure that out. Certainly Boehlert and Foser aren't smart enough.
i watch cramer just because he is funny, i don't have the money to even try to see if he is right, but i would be more than willing to give it a shot. sure he has a stake and sure he needs ratings but don't forget there are disclaimers about the fact that these are his own opinions. so you can choose to listen or not.
you don't need real money, to see if he's right. just set up a spreadsheet, "invest" a fixed sum of money, using his recommendations, and follow it for a month or two, see how he does.
think of it as a game.
Jon Stewart skewered Cramer last night. In early 2008, Cramer said Bear Stearns is a-ok. Three months later, they went under.
i dont have any money to try that even lol. believe me if i had even 1000 dollars to try the market with i would.
Oops - didn't read your post. Sorry for the repeat.
He obviously doesn't like iut over here anymorte. perhaps he gave up pledging allegiance to this country ?
He must have lived through the viet nam war era. He learned how to stop pledging allegiance from all the whining liberals who were afraid to fight in that war.
Yes, it was all whining liberals who were afraid to fight in the war. Whiny liberals like Dick Cheney, Rush Limbaugh, John Ashcroft, George W. Bush, Newt Gingrich. Are those the whiny liberals who were afraid that you're thinking about, PHil?
Sorry about my post--I responded without reading yours, and it's essentially the same thing.
Kiss my ass, phil. I have family members who have died in nearly every war, including an uncle in Viet Nam, and you can bet he wasn't a Republican.
Did you learn nothing from Palin? That calling out one's patriotism like that is an indication that you have no substance?
Philib can kiss my ass, too. I'm sick of people like him and their perverted idea of patriotism.
Sorry to hear about your uncle. My uncle did survive Vietnam and he is vehemently anti-war and liberal.
Liberals like Bush, Cheney, Karl Rove, Limbaugh, all of whom champion war now that they don't have to risk themselves or any members of their families...
Not to mention noted 'tough guy' Ted Nugent, who likes to wave his rifles around but wets his pants at the thought of engaging in battle.
Of course, that's what should happen to all who voice anti-government opinions. Isn't that what Cramer is saying, now you prove his point. And to think, liberals used to love it when anti-government opinions were expressed. Now you're saying they should be locked up. Sweet
"This is free America (for now), when Obama finishes his plan of turning it into a socialist state, then you can whine about someone legally making money"
philib, isnt the above an anti government opinion? saying that president obama is going to turn our government into a socialist one looks to me like your saying that the president is against the government.
"This is free America (for now), when Obama finishes his plan of turning it into a socialist state, then you can whine about someone legally making money"- philib
to claim that obama said "we have no place for profits" is a flat out falsehood. what he clearly has been saying is that if you screwed up enough to put out your hand for government assistance, then the government is going to put some restrictions on it. and the government has every right to do so.
i would say fire this screwball, he deserves it, this goes way beyond opinion, but he'll just become a victim. i'm as dismayed as anyone at the size of some of these spending bills, but i recognize that this situation is unprecedented since the thirties. and obama did not make this situation.
Yes, I too remember what Cramer had to say about Bear Sterns. How many people lost money due to his financial ineptitude? The sell by date on his brand has expired as well as Larry Kudlow.
"rampant wealth destruction"?
Really? Seems that Wall Street has destroyed quite a bit of wealth over the past year. I'm not sure Obama can compete with that.
He probably did but there weren't 24/7 networks with no moral compass.
He did. The rightwingnuts have been pretty consistant over the last century.
http://newstalgia.crooksandliars.com/gordonskene/welcoming-hatred
FDR went through the same thing and he was reelected three times.
FDR went through the same thing and he was reelected three times.
He was elected 3 times while being hated intensely by the same sort of folks attacking Obama now. The cartoons attacking FDR were easily as bad or worse than we see now from the right. Obama MUST fail because if he succeeds it confirms that the last 8 years have indeed been a mistake.
What a kook. When in doubt, call your opponent a Communist.
Jim Cramer,
I no longer want to listen to Wall Street shysters like you. You are in no position to lecture anyone on what’s good for America.
It was those on Wall Street who think like you do that spent the last three decades building a empty facade economy based on manufacturing money, instead of building real, tangible wealth.
Along with your political enablers and the greedy CEO elite, your Wall-Street con-artist buddies took this country from the world’s largest creditor nation and a manufacturing powerhouse into a downward spiral of job exportation, wage stagnation, enormous national debt, bubble-spawning speculation, irresponsible lending practices, and fictitious consumer demand built on rampant dispensing of credit, instead of good wages.
You are a prehistoric preacher of a disastrous and long disproved laessez-faire capitalist religion.
Do us all a big favor, leave all your ridiculous references to communism out of this debate or just shut your money-grubbing pie hole altogether.
Methinks Mr. Mad Money is "mad" that his 15 minutes sunk with the economy, and that Santelli has replaced him as a capitalist rant artist. It's like a bad parody.
Dear Robert Downey, Jr: Please, for the Love of God, don't give this schmuck a cameo appearence in the Ironman sequel. There's only so much forgiveness in my heart.
FU Mr. C
D'ya think Cramer voted for McCain/Palin? D'ya think he has any idea that the oil profits in Sara's Alaska are socialized?
Sssssshhh! Not all socialism is bad in the right-wing's view, they just can't admit to it because they turned socialism into a bad word way before Murkowski and Caribou Barbie came to office and they can't afford to publicly backpedal. Therefore, redistributing oil wealth back to Alaska's citizens is subject to grandfathering, since any Republican candidate for Alaska's highest office has to make an exception to their anti-socialist principles if they want to have a chance with Alaska's voters.
The funny thing is these ultra-conservative, corporate authoritarian types screamed the same socialist garbage at FDR. Despite their efforts, FDR succeeded, and the United States emerged from the depression with a spirit of common purpose that oversaw the greatest expansion of the middle class in the history of the planet.
D'ya think roundhouse voted for Obama? D'ya think he has any idea why or that he just did what he was told to do?
Try harder, Phil.
I'm wondering aloud here...
But I'm curious... before Reagonomics and Clintons big mistake (signing the pathetic Telecommunications Act in 1996)... was it not illegal for any media type to be so blatant in his using his forum to disparge an elected official, not to mention the president??
Of course the moral and ethical challenges this guy Cramer brings to the table acting this way has to be something that even CNBC and parent company NBC has to be a little nervous about... right?
Isn' this the same sort of garbage that got CNN to rid themselves of Glen Beck?
Hey... wait a second.... perhaps this moron Cramer is hoping that CNBC will cut him loose from his contract so that he can go work over at that ever so popular Fox Business Channel?
Its a thought...
Cable and satalite media can get away with things that broadcast media can not despite the fact that they still have to get FCC lisences. If one uses the argument they used against anyone who spoke against the war in Iraq every one of these people who is disagreeing with President Oboma is comitting treason.
What i would like to know is how PRESIDENT OBAMA is taking advice from LENIN , when LENIN has been DEAD since 1924?
well, conceivably one can take advice from someone else by reading their books or writings.
Do you have any proof that OBAMA has read LENIN?
WOW, and this guy hasn't been fired yet?I have no problem with free speech but this is NOT the sort of thing any station would want to have as a regular person. Calling the president those names is perfectly acceptable to NBC?
We are sinking further and further.
I believe that he was asking for evidence for your position, not a list of charges. A hint: Your stereotypes about liberals are not evidence.
If it's communism, then where are the people's trials? Where is the confiscation of the wealth of the capitalist swine who created this mess, followed by summary executions?
I would gladly tolerate a week or two of the dictatorship of the proletariat if we could get some of that.
This guy can't compartmentalize.
If we define "socialism" properly ("things which tick me off for real"), Cramer should restrict his rantings to the fact that his own personal tax bill will go up. Everything else is just diluting his message.
Clearly he's looking for a job at faux.
A few years back, I took his advice and bought Sirius because it was a good investment once it went below $7.
never take advice from someone in the Tv machine. You have no idea where to find should you need personal advice.
If anybody can find the video of Cramer from a few nights ago on Hardball, it's great. He's admitting that he's one of the rich guys who will be "punished" by losing his tax breaks, and says he's "taking it like a man", but almost crying like a little girl as he says it. It's LOL funny!
If Obama and the Democratic majority congress were bolsheviks, wouldn't this putz be in a gulag somewhere right now?
The very fact that he can spout such idiotic BS freely demonstrates the contrary.
now wait, sarah palin may not be a socialist governor but alaska many times is seen as a socialist state.
ok wait im wrong she did brag about being able to send money to everyone who lives in alaska and then went on about how the state collectively owns all its resources...isnt's that socialism?
"First, under clinton, they force freddie and frannie to make bad lonas to people with no jobs, vredit, or money."
Another right-winger too stupid and lazy to get his facts straight or even look as if he's trying to think for himself. If you knew anything at all about the morgage industry (disclaimer - I was in the industry for about 7 years back in the 1980s and still have dozens of acquintances who are mortgage bankers), you'd realize how howlingly ignorant that statement is. FYI, the trouble started when Congress- led by Phill Gramm - dissolved the firewalls separatng the investment banks and the mortgage/commercial banks and essentially allowed the consumer credit folks to take over the mortgage industry. Instead of loaning at moderate interest rates to people who could afford to repay, the banks got greedy and decided they could get 12-15% profit rather than the traditional 6-7% by making highly speculative loans. They were able to do that by ignoring their own underwriting standards, and they were incentivized to do it by a scheme by which they securitized the crappy loans they were making and having their investment banking arms sell the crappy paper to other investors. No one "forced" these banks to do anything - the people who cam up with the scheme were considered geniuses at the time, and those in the industry who warned that they were playing a losing game were shouted down and called dinosaurs who needed to "think out of the box." Anyone who doesn't understand this history has no business commenting upon the matter - and only a truly, epically stupid person whould come on a public forum and repeatledly flout his ignorance about it...
Okay, so Cramer is losing money like the rest of it and needs someone other than investment bankers to blame.
But with the latest idiotic rant Cramer has officially become a buffoon.
How many trillions of dollars have the antics of Wall Street led to in the last six months? I'll give the private sector this much, when they destroy wealth, they do it efficiently.
i find it interesting that mr. cramer rails at the thought of gov't rules, for banks accepting taxpayer funds, as being somehow "socialist", yet, it's ok for that same gov't to impose rules on individuals accepting taxpayer funds.
now, i'll grant you, there is a difference between the bailout funds (loans) and welfare (non-repayable), but the reason for them is the same: irresponsible practices. so why is one dreaded socialism, but the other is merely prudent stewardship?
or, is it just that mr. cramer, and like-minded folks, are hypocrites?
No one is "whining" aboutu anything.
Conservative misinformation is conservative misinformation. There's nothing "illegal" about, but MMFA's mission is merely to make sure we're aware of it. You know, so we can THINK for ourselves and not let these bozo's fill us with false outrage so they can continue to benefit from lying to us.
The con's the one's whining, and it comes down to this:
"When they stop lying about us, we'll stop telling the truth about them." - Adlai Stevenson
During the last year and a half, Cramer has proved himself not merely a few steps away from base, but totally out of the ballpark altogether so many time, it's a wonder anyone would look to him for serious financial advice.