Jim Cramer: Followup on “Wealth Destruction”

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

Written by admin on March 5, 2009

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Jim Cramer: “Greatest Wealth Destruction By a President”

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

Written by admin on March 4, 2009

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WSJ: Obama Running Out of People To Blame

By Furious Diaper

The Wall Street Journal posted an opinion article today pointing out that President Obama is implementing policies that are slowing down, or even stopping, our recovery from this recession.  After falling 4.24% yesterday, the Dow is now down over 25% since Obama was elected, its lowest level since 1997.  The new administration’s policies of punishing business and rewarding failure is clearly having a detrimental effect.

The average length of a recession during the past fifty years is 11 months. The current recession has existed now for 15 months. Instead of focusing on promoting growth, Obama has focused on income transfers (tax credits to those who don’t pay taxes, mortgage bailout, etc). Now, there is even mention of reforming healthcare. While I can agree with Obama’s statement “There are times when you can afford to decorate your house, then there are times when you need to refocus on building its foundation,” I cannot understand why his actions are in direct opposition.

When the recovery occurs, it will not be because of Obama’s policies… it will be in spite of them. The market showed its opinion of the President’s proposed budget plan when it took a nose dive. It unfortunately seems that every time the administration mentions an action the market drops even further. Just today Orszag defended raising taxes in the middle of the recession. As those who make hiring decisions have less money, less people are hired. It is a fantastic way to stagnate the economy further.

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Posted under Economy

Written by admin on March 3, 2009

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Cincinnati Tea Party

ARTICLE SET STICKY UNTIL EVENT:

I am getting a lot of traffic from search engines regarding this event.  I want to be sure that anyone that is searching for this can find it easily.

Welcome to all of you that searched for the Cincinnati Tea Party info and came to this site.  Stick around, check out the articles, post some comments, and come back! This is one of a small handful of political blogs in our area.

I have been informed that the Cincinnati Tea Party is planned for Sunday, March 15, 3PM – 5PM at Fountain Square. Check out the official website for more details. Former Congressman Steve Chabot will be speaking.

Take the opportunity to be vocal. Being a member of the silent majority is not enough. We need to show our compassion, state our case, and make it clear that we are unhappy with the path the Government is taking.

If you are a reader from outside the area, check out the American Tea Party list and participate in your local tea party.

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Posted under Economy

Written by admin on February 27, 2009

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Jindal’s Response to Obama

It seems clear that the Republicans are trying to position Jindal to be the new face for the party. Though many on the left regard him as an Uncle Tom, Jindal clearly has a Conservative philosophy. My issue with him is that he badly needs to work on his delivery. For one, I wish someone would tie Jindal’s hands. He talks with his hands so much that it is distracting! He also needs to learn the art of the “dramatic pause” and use more vocal inflection.

It seems recent Republicans are horrible at speech delivery, especially when you consider that Reagan was an expert. In this day of style over substance (*cough* Obama *cough*), this is going to be a big problem for Republicans. His writers could also provide overwhelming examples of where similar proposals to the ones he mentions have worked in the past. The opportunity is there to charismatically and powerfully deliver the message, we just need someone to do it! Jindal needs to move away from the dry and monotone delivery and writing.

Focusing on content (which given the delivery was difficult to do), I am glad that Jindal admitted that the Republican Party screwed up and moved away from Conservative principles. He has kept a consistent message, now it is up to the Republicans to act according to that message. Reagan Conservatism was both successful and popular, why the Republicans moved away from that philosophy is anyone’s guess. The 2006 and 2008 elections were hopefully a wake up call that Jindal is stepping forward to answer.

If Jindal wants to make a run for President in 2012 (and I hope he does), he MUST work on his speech abilities. A well-delivered speech drives home the points in a memorable way. Honestly, this speech was difficult to concentrate on, let alone remember.

Republican response embedded below:

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Posted under Economy

Written by admin on February 25, 2009

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