RWNJ Conservative Views from Cincinnati

I found this followup from Jim Cramer (on his “Mad Money” show) regarding his comments that Obama is presiding over the “greatest wealth destruction by a President.” Cramer came out punching, making comments such as “Obama’s the one who knocked the whole darn thing down” and that Obama “might have some inside information that he’s done enough damage for now.”  He even threw a shot mentioning “President Pelosi” when talking about the class warfare strategy that is in play.

This is typical Jim Cramer, full of enthusiasm and passion. If the White House wants another battle front (beyond Limbaugh), they’ve got a willing combatant in Cramer.

Cramer also has a written response available here.

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Posted under Economy

In an interview with Matt Lauer on NBC, CNBC Analyst Jim Cramer (who, I should point out, is not a Conservative) regarded Obama’s policies as an advancement of a “radical agenda” and pointed out that this was the “greatest wealth destruction by a President” that he’s seen.  

Obama has shrugged off the steep decline in the stock market. He said, “What I am looking for is not the day-to-day gyrations of the stock market … but the long-term.” Apparently, he has missed the continued stock market slide (25% reduction since he was elected). He also stated, “The stock market is sort of like a tracking poll.” The Wall Street “poll” is speaking volumes on its opinion of the way the economy is heading. Given that the economy usually lags the market by 6 months, our economic future does look grim.

Perhaps we should move away from the agenda of restributing wealth, hiking taxes, and burying ourselves in even more debt. We need to do what is right for the economy. That includes business-friendly policies, lower taxes for all economic classes, and long-term job promotion. This new administration has had the opportunity to implement these types of policies, but instead has moved from one set of bad policies to another. In the end, it is the country that pays for this mistake.

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Posted under Economy