1. BrianGriffinLovesYou | 03.04.09

Mr. Cramer, we’re in the middle of the “greatest wealth destruction ever,” brought on by Bush & Co. Not all situations can be put right with gum, a paper clip, and a euphemism or too. Support will help the economy!

2. Linda Humerickhouse | 03.04.09

I get real tired of listening to Mr Kramer and other’s loud and so times stupid remarks about the efforts being made to help our ecomony. If Mr. Kramer has forgotten our country did not get in the shape it is in in the last 6 weeks. This is a mess that has been coming on for quite some time and it is going to take some drastic measures to salvage it. Mr. Kramer goes on and on (very loudly) about what he thinks well Mr. Kramer as a citizen who makes a lot less money than you it is time for you to be quiet and give something a chance. The road we are now taking may not work but the one we were on sure was not going to work. So please be quiet and sit back and let the hard working people of this country make up their own minds on what they want. The November election showed that and I do not recall you being on that ballot.

3. John W. Bush | 03.04.09

Cramer is a JOKE. He always has been. He’s an entertainer like Limbaugh. Bush, Rove, Cramer and the rest of the Wall Street cowboys got us into this mess now there squealing with their hands out because their big bets didn’t pay off. It’s like a former drug addict complaing about his problems asking for help, then after getting “religion”, running around as the anti-drug crusader. Give me break, and … let’s give Obama some time to try something different. At least he’s spending the money here, in the US and not in Iraq!

4. Enrico | 03.04.09

Fearmongering by the President to push thru
a radical agenda is killing the market and most
retirees. He ownes this “depression” that he is
creating from a credit problem created by the
Freddies and the natural correction in our economy
to bring us back from our spending spees.

5. christine benevento | 03.04.09

when traders stop selling the market will stop falling. it will go up when people start buying.

get it!

christine in florida

6. ApostasyUSA | 03.04.09

Crammer and Rush are not much different. Both use amplitude and sensationalism to drive their cursory and tragedian talking points. Crammer and Rush are the ones feeding the “level of fear” in this country, if it exists at all.

Rush and Crammer are not part of the “reasonable” American majority.

Jimmy Orr….he…ah…ha…he, this is a topic of “substance”?

7. Rob | 03.04.09

Mel and Kramer did a show a few years ago urging the viewers, again and again, to buy Sirius stock. What does he know?

8. cafenitro | 03.04.09

I like Kramer but this is really just whining about his impending tax hike.

9. Scott H | 03.04.09

Simple question about “Is Obama to blame?”. If you have money to invest or purchase new items (i.e. new car, new TV, new clothes etc), and you are not investing or buying things, the you are what is holding back the economy. So now you have to ask yourself, are you holding back because of fear of loosing your job (and you need the cash cushion?) or because of the market plummetting and you would just lose more money? If either is yes, then you are already blaiming Obama, for the market is plummetting not just because of the economy, but because of uncertainties around the financial systems and the administrations future actions.

10. Basil Akers | 03.04.09

The greatest destruction of wealth occurred over the past 50 years when we threw capital down holes in South Korea, Vietnam and Iraq along with the establishment of 800+ military bases overseas.

The current purchases of preferred stock in banks and insurance companies may or may not be a good deal but it is being done in the open market and this and other monies are being spent in the U.S. that will result on consumer and investment spending in the U.S.

11. alter | 03.04.09

If the market rallies Obama would take credit, but if it goes down, its not his fault. Yeah right. The fact is, by threatening to raise capital gains, and spending far more than we can afford, etc. Obama’s policies harm investment, so is no wonder the market will suffer under him.

12. Suzette | 03.04.09

Obama inherited a bit of an economic problem–mostly caused or allowed by the same Democratic “representatives” that are now overseeing the “cure.”

But everything Obama has done since he took office is designed to further destabilize and damage our economy. Why? So he can push through his radical socialist agenda. You want to see what American totalitarian collectivism looks like? Well, its face is on TV all the time. Its name is Obama. This man is as pure evil as I’ve ever seen. I was born after Hitler died, you see.

13. Joe | 03.04.09

This is from a guy (Cramer) who told everyone to get their money off the market last fall. Talking about wealth destruction. This guy is beyond joke. He’s a dangerous opportunist and needs to learn when to shut up his public commentary. His money loses are no one’s fault but his own.

14. Hope-Nosis | 03.04.09

Everyone has blinded by the “hope-nosis,” but now you’re starting to see that he’s no savior.

15. Yellowbird | 03.04.09

Jim Cramer and his big mouth have helped immensely to bring greed and stupidity to a crescendo in America. He is worthless and destructive and only an idiot would listen to him.

Other than that, he is abrasive. I don’t even have pay TV anymore. Cancelled in 1995 and I have never, EVER missed it.

16. Jim | 03.04.09

Advice we can trust.

Last spring the Chairman of the House Finance Committee said Freddy and Fanny Mae are oK.
6 months later they went under taking a substantial portion of the economic system with them — world wide!

Today, President Obama claimed now is the time to buy.

As for Cramer’s “picks” welllllll.

17. Justin | 03.04.09

The economy is failing because of the cooperation between government (due in no small part to the shielding of Fannie and Freddie by Barney Frank (D) and Maxine Waters (D) ) and unethical Investment Banks. Add those in society who never should have signed on the dotted line for ridiculous mortgages and you get what we have today. The main issue is that Obama could have made an immediate impact for ALL Americans if he would have suspended the payroll tax for 6 months to 1 year. Instead it seems like Obama is taking advantage of the situation to recreate government with unchecked authority while incorporating no job creating pork spending. Rahm Emanuel is quoted as saying, “You never let a serious crisis go to waste.” This is what has people so enraged. Does Obama want to fix the crisis or does he want to remake government and destroy the real weatlth building engines in this country? Unfortunately I, like many others, feel that it is the latter.

18. Ken Gage | 03.04.09

Maybe Jim Cramer’s brain was on vacation when he attempted to pin our economic woes on Obama’s policies. President Obama has only been in office a little over one month.

The comment somewhat parallels one from the CIA’s former head, when oil prices represented the “greatest transfer of wealth” from America to foreign oil countries. Only that comment made sense; lay off the agi-prop, Jim.

19. Kevin | 03.04.09

Cramer is dead on. Obama promised to end ‘earmarks’ but that was one giant colossal lie.

When you’re in deep debt you should not borrow more money - that is exactly what Obama is doing.

George Bush is history. We can only react to the here and now - the value of the dollar internationally is going to tank very badly in the next two years, because of the federal debt. Sometime between 2020 and 2030 interest on the debt along with medicare and social security costs are going to eat up 100% of federal revenues, leaving no money for defense or everything else the federal govt. does. When will Obama realize that the fix is to cut spending?

20. Anonymous | 03.04.09

Cramer and Rush may be loud mouths but they have a point. Obama has been referring to “couples with children making over 250,00 as “rich”. Well we were not even rich a year ago before a lefetime and savings and hard work went out the window with this market crash. Now Obama wants working couples with children to pay for the health care for every “American”. Firstly, we are not rich and have never been poorer. We don’t now need additional taxes and less tax deductions in the economic meltdown. So Mr Obama can pass his nervana health care package on our backs. Thanks but no thanks.. Oh and by the way those little up and down things in the Market are as much Democratic politians fault as they are GWB. Also the little up and downs mostly 50% down in one year have a lot of meaning to kids college savings; retirment savings; consumer confidence and any economic plans made by us not so rich 250,00 dollar couples. So Mr. Obama they are not at all little to the “American people”. Particulaiy the 250,000 dollar not so rich folk that you like to refer too..

21. BIGEEE | 03.04.09

Obama didn’t create the mess but he did tell everyone he was the guy to fix it. His initial actions like pushing through a pork laden bill filled with non-economic stimulating pet democratic projects, nominating a treasury secretary who doesn’t pay his taxes and laying plans out for real tax increases on the top earners while also putting through a hidden tax increase on all people with trumped up global warming alarmist carbon credits. Scared? You should be. This year alone hundreds of scientists have changed their tune saying that the global warming data is not supported by true facts.

22. Impeach Obama now | 03.04.09

Hey boneheads,you better look at your 401k,ira and your {if you happen to have one} company sponsored pension and then tell me he is wrong.

23. Gordon | 03.04.09

People need to stop taking the easy, no-brainer shots at Bush and realize that the Democrat controlled Congress had as much to do with the sitiuation we’re all in as Bush did. Neither of the two are completely responsible in any case. What Crammer is saying is that Obama is not leading us out of the dark.

24. Publius | 03.04.09

Is this a commie paper ? All I’m reading here is abunch of whining idiot leftists upset that the world isn’t overflowing with peace love and change the way it was supposed to after they elected president Ohblahblah.

25. Wolfgang | 03.04.09

What most people forget is there are parallel economies:
The “real” economy which produces goods, consumes rources, provides services..
And then there is ‘Monopoly” economy which exists on a small island called MANHATTAN. This economy speculates and hedges( a betting term actually) merges and acquies=creates debt for comapnies while the M&A folks and their cronies walk off with the loot. At the same time greedy investors got socked in the eye because speculative investments have tanked.

The basic problem is that Wall Street does not stimulate the economy; the economy stimulates Wall Street. And so any stimulus must address this issue.

And the Dow Jones is a only a barometer of real economic activity if we pay attention to revenue and expenditure, that is if a company generates more than the other it makes money.

However, speculative factors distorted the market indicators making gains by the DJ–a “Monopoly money” gain. For example, when the market was gaining many companies did not post net incomes comparable to the stock market indices–speculators and option makers were driving the market up and up and …

What has happened is there are few buyers right now and the sellers have to sell at a lower price–perfect market activity. But of course, this is a problem opnly because the market is going down.

If credit for speculative money was more difficult to get, this correction would have happened sooner and the market dive would have been less severe.

26. qix | 03.04.09

what’s so wrong about a little bit of wealth destruction for the sake of a more equitable wealth distribution? It is never clear weather maximizing the total wealth of a nation translates to greater well-being of majority of the citizens. If maintaining a high level of total wealth comes at a price of the bottom majority living in constant economic fear, then it is time to redistribute the total wealth, even at the expense of a reduction of total wealth.

27. BJ | 03.04.09

One very Important job of presidents is to reassure the American people and Investors that things are getting better and that he is doing the right thing to improve the economy. Obama is doing neither of those. He keeps getting in TV and saying how its going to get worse before it gets better. The next day the dow goes down another 500 points. Then there is the stimulus package. It has been shown that stimulus’s have NEVER worked. Go to Youtube and search Cato’s videos on Stimulus. They didn’t work during Hoover and Roosevelt and then again when the Japanese tried them in the 80’s. Stimulus actually makes things worse. All Obama did was use stimulus as an excuse to move America in a HARD LEFT direction. But then Obama is a Communist so what do you expect.

28. Luis | 03.04.09

Cramer has MUCH more credibility than Gibbs when it comes to opining on the market. Obama himself has been quoted as saying he doesn’t know much about the stock market…so it shouldn’t come as any surprise to the fools who voted for him, that he is merely doing what the rest of us said he would do, yet nobody wanted to believe it.

The stock market is not responding well to Obama’s so called “stimulus bill” nor his theory of massive government spending to get us out of the recession. There’s no reason to expect it to work, because it has been done before, and it hasn’t worked. So go ahead Obama supporters, keep saying the sun isn’t shining, even though you are outside on a clear day at noon. When the bill comes due, and inflation ramps up, good luck buying a house with interest rates in the mid to high teens…just like in the good ‘ol Carter days.

29. Ray | 03.04.09

Folks, I’m unemployed… an old guy like Cramer, and he is right. Everyone out here is scared to death. We were in trouble before the elections, once the democratic Congress backed by President Obama started their parade, the economy began to free-fall, and no parachute. Granted, this is not President Obama’s doing. The breaking of the mortgage markets and the begin of the spin goes back to the 90’s and then President Clinton and his cronies, not President Bush’s cronies. Could George Bush done better? Sure, he could have done better, but lets tell the truth, not spin the top again.

30. TheNoBullExpress | 03.04.09

Cramers loud mouth style appeals to a segment of the current American mindset.
Truly, has his BUY /SELL predictions made money? 6 months ago, he was exclaiming that many financial firms, now in nedd of bailout money, WERE SOUND! He was encouraging people to buy bank stocks

Meanwhile, I was predicting a market top in Nov. 2007. NoBull

31. bamajim14 | 03.04.09

Mr. Cramer,
you are so on target, more and more people are being to see through Hussein and crowd but I am afraid that it may be to late to help this country. This guy has, from the very start, set out to ruin this country and he is well on the way. I am still amazed that some idiots are sill wanting to blame Bush with these problems but allow Hussein to support and in some cases, appoint the very people that did play a major role in the housing down fall to higher positions. God help us !!!!!

32. arleang | 03.04.09

Why are you watching CNBC to begin with. Unlike the more professional Bloomberg business channel, CNBC is headquarters for shouting heads in a box. The employees of CNBC are “the experts”, just ask them. I wonder why none of them saw this train wreck coming and why until very late in the game they were all encouraging the viewers to gamble on a little more Wall Street.

33. morpheus11733 | 03.04.09

The American public is being misled. Yes the recession did start with Bush who did increase spending and our defecit. However it took Bush 8 years to do it. It has taken Obama 6 weeks to double the defecit with no end in sight. Obama is using fear to slowly let government take over all aspects of our lives. It is socialism plan and simple. Unfortunately most Americans just don’t get it. Obama has put all his chips on the table and I hope it works. He has gambled with our future and our childrens future. If his policies fail God help us all.

34. Jeff | 03.04.09

Conservatives keep complaining about Obama’s plan, but they offer no solutions themselves. The little they do offer sounds like the things that Argentine tried when their economy imploded under the advise of the CATO institute and the whole country went bankrupt with hyper inflation.

The problems we are in now are a product of 30 years of economic policy. Reagan was the one who started the massive deficit spending and spending all our money on the military instead of productive social investments. That continued under Bush Sr., then Clinton did a little to reverse the deficit issue, but generally continued the same Reagan course, then Bush Jr. took it to a new level. The Republicans complain, but the last 30 years of American economic policy has been Republican economic policy, and it only seemed okay because of all of the borrowing we have done at every level, under Republican leadership.

The problem is that taxes have been too low for the past 30 years and the real redistribution of wealth has taken place over the past 30 years from the working middle class to the top 1%. Over the past 30 years median income hasn’t gone up at all or has gone down, and the income of the top 1% has sky rocketed, but that income comes all from capital gains (which is a redistribution from workers to capital owners) and executive pay, which is income that comes from the collective production of workers and is redistributed to the unproductive guys at the top who have been busying destroying our economy.

Jim Kramer, the biggest destruction of wealth in America was during the 1990s-2000s when trillions of dollars of value was stolen from the American middle class by the top 1% via completely unearned executive compensation and the destruction of American jobs by shipping them overseas for short term gains by job cutting executives who cut our jobs to take our pay for themselves to underpay people in 3rd world countries.

35. Jack | 03.04.09

Hey Basil, Did you attend the same church as Obama? Why did you drink all of the Kool-Aid? Scott has it right. We don’t have to wait a year to see the results of this incompetance. When you spend trillions and trillions of dollars it can only lead to hyper-inflation. So, all the money that we are all holding onto now will become worthless, on the scale of Zimbabwe. This is a guy that lied through his teeth about gutting any bill that reached his desk that was riddled with earmarks. You obamist’s were suckered, how does it feel, you’re now bringing all of us down.

36. fiendish avatar | 03.04.09

What the eff happened to Obama’s free pass from the media? I thought he was supposed to be able to do anything, say anything, and avoid criticism for anything. Yet voices in every facet of the “mainstream” media are criticizing President Obama, and it gets more play than anything else.

Do we still have to hear cons complain about the media’s affection for our current president, even though—amid his admitted supporters—Obama has plenty of critics on TV, in print, on the radio, and on the Internet?

By the way, I agree with Cramer on this one. It’s just tiresome listening to the 50% of every conservative “news” program dedicated to bashing the media’s coverage of Obama. YES, there are people “in the tank” for the guy, but it is not everyone, and there are PLENTY of alternatives if you don’t like it.

/rant

37. Dean | 03.04.09

Hey Suzette??

What flavor is the FOX News Kool-aid today?

Apparently the eight years of a Conservative run Congress (1998-1996) had nothing to do with it??? Eight years of a Conservative President (2001-2009) who fought Republicans and Democrats to run his dictatorship the way he wanted had nothing to do with it?? Turning a blind eye doesn’t make you innocent party. Lack of appropriate action while you are running things make you responsible.

Try independent thought for once…it will blow your mind!!!

38. Voltaire | 03.04.09

Why would anyone listen to what Cramer says? This is the same guy who urged people to buy Bear Sterns just before it collapsed, and who claimed that the subprime mortgage mess was not a problem. Apparently, critical thinking is absent in some people, or at least easily turned off by yelling loudly.

39. robin | 03.04.09

I’m a life long Dem from Berkeley. Democrats, wake up! You didn’t elect a Democrat, you elected a far left, neo Marxist. Just as the right was coopted by the Christian Coalition, a fringe leftist coalition of 60’s “revolutionaries” and their offspring and duped Democrats have created a Frankenstein. This has all been planned for decades, see work of former leftist and former violent revolutionary David Horowitz (The Shadow Party) who predicted this years ago. Berkeley is the breeding ground and the retirement home for much of the country’s leftists and let me tell you friends, many of these people are angry, emotionally unstable, and they hate white people (even the whites) and this country. WAKE UP!!

40. fiendish avatar | 03.04.09

One quick note: Cramer was the one warning everyone before, shouting, “They don’t know what I know,” just a fuew short months before the collapse. People called him crazy back then, and just look what happened.

Yet the shortsighted and sufferers of short term memory loss are at it again..

41. MaxT! | 03.04.09

Qix—do you really believe that we can all be economically equal? So, a factory worker (like me) with no education should have as much financially as a physician with 10 years of college? Redistribution of wealth is wrong and it leads to a lack of incentive.

He is systematically taking away the earned wealth of this generation along with the next. He said as much to Joe the plumber, remember? I did not vote for him.

I also want to know why Dems. are not complaining about Obama’s 4-trillion dollar plan when all we heard (and rightly so I might add!) was nothing but complaining about Bush’s 400+ billion dollar deficit? So what’s a few trillion more eh?

42. The Only Moderate | 03.04.09

Things were fine until two years ago, when Pelosi and Reid took over.
Bush wanted to rein in Fannie and Freddie years ago, but Chris Dodd and Barney Frank used their Chairmanships to block it.
John McCain said in Sept 2008 that he would fire Christopher Cox as SEC Chairman.
Eliot Spitzer, Robert Morganthau, and Andrew Coumo never investigated Bernard Madoff.
I was amused when President Obama said he thought everyone agreed that the New Deal ended the Great Depression. The continuous trend of economic history scholarship for the last 10-20 years (starting 50 years after the event) has been that the New Deal worsened the Great Depression, and that the high earnings and savings of WW II fixed it. That led to the prosperity of the 50s, 60s and 70s, until Jimmy Carter became President. But then, Obama’s degree is in Political Science and International Relations.

43. Diogenes | 03.04.09

NEWS FLASH - Jim Cramer is a self-absorbed jerk. Now that somebody is coming around to collect the past-due bills for the country which has allowed him to accumulate the fame and wealth that he has, he’s going to whine about it. I have no sympathy for him. It’s people of his ilk that have put this country in the precarious financial stituation it is in today. He should shut up and be happy nobody is calling for his head on a pike!

I *do* have this quote for everyone’s entertainment and edification:

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

- John Maynard Keynes

44. GeneO | 03.04.09

Welcome to the USSA.

45. roy | 03.04.09

Sure Mr. Kramer over dramatizes but that is his persona. What he says is partially true as you cannot ignore the fact there has been allot of “wealth destruction” in the past 2 months. One or two weeks of fluctuations you can ignore but 2 months says something.

I think people who blame Bush’s past years are just deflecting, missing the point and is irrelevant to this article. Sure Bush should take most of the blame for not clamping down on the financial industry but there is a Congress and the past 2 years a Democratic one that had time to do something as well. I think Mr. Kramer is not taking about how we got here but Obama’s recovery plans.

I did vote for Obama and so far he is a little more socialistic than I expected but I do like some of the other stuff he is doing so I accept taking some bad with the good.

46. REQUIRED | 03.04.09

Is this the same Cramer who claimed that bear stearns was rock solid and completely safe the day before it crashed and lost investors millions? Oh yeah, [url=http://www.businessandmedia.org/articles/2008/20080317110946.aspx]he is[/url].

[quote]“Dear Jim: Should I be worried about Bear Stearns in terms of liquidity and get my money out of there? –Peter

Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”
[/quote]

Tell me again, then, why he should be paid attention to?

47. lwaa | 03.04.09

Cramer is like all the other financial “experts” with loud voices. If they’re so smart and have this all figured out, why aren’t they billionaires living in a large villa somewhere in the south of France? These guys love to hear themselves talk. Bush had eight years to mess this up and people weren’t making noice until the very end, including Cramer. Why don’t we give Obama at least one year to see if this is going to work?

48. Chief…. | 03.04.09

Genius….. At some point we will have to pay this all back! You just wait for that fun to start!!!!!!!!!!!!!

49. MaxT! | 03.04.09

Thank you Robin, lifelong Dem. I agree with you. We have been held hostage by the fringe left and right too long. As a lifelong Rep., George Bush did not represent me! He spent excessively and grew the size and scope of the government. He might call himself a Republican, but he is not a conservative.

50. dale | 03.04.09

Who is willing to say who is really to blame… The big international banking cartels (IMF, World Bank, etc) owned by the Rothschilds and Rockefellers of the world who have their puppets manipulate national economies by a simple stroke on a computer keyboard. You won’t hear the real truth on any of the owned and controlled media or from any of the owned and controlled politicians.

51. Lucy2008 | 03.04.09

Jim Cramer is just an entertainer and is playing the brand he has created. It never has been a well-informed or a well-reasoned cartoon character. He is what he is. I stopped watching network news the last four years and get news from C-Span and the internet. Jim Cramer is a millionaire and earns too much money behaving like a fool. Just don’t watch him. Vote with your remote and dollars. Vote by not buying goods by those advertising during his showtime.

If Americans realized the power they have by their collective efforts to impact companies revenues, they could really make change.

Our new President has the support of everyone that I know and who are in my family. It’s quite something to watch and listen. The people on this post who call our President both a socialist and a totalitarian and Hitler-like are worse than stupid. They are just nuts and very ignorant on what these things are. The people on this post who say that FDR’s New Deal did not bring our economy out of the depression do not know what they are talking about. My family lived through the Depression and saw the effects of the New Deal everyday. It put people back to work and gave people hope. The economy was on the upswing when the America joined the war. The war energized the economy further and put even more people back to work. But it happened before that. You can see the marks of the New Deal all around my town and state. Even Social Security and Medicaid. These brought hope back, removed a great deal of fear, and brought back self-respect. You people forget or never learned about this time. The people who went through it remember and remember in a big way.
Idealogs who make up history and who rewrite history are the dregs of the earth. Karl Rove is one of the worse.

52. Joe | 03.04.09

3. John W. Bush | 03.04.09

Cramer is a JOKE. He always has been. He’s an entertainer like Limbaugh. Bush, Rove, Cramer and the rest of the Wall Street cowboys got us into this mess now there squealing with their hands out because their big bets didn’t pay off. It’s like a former drug addict complaing about his problems asking for help, then after getting “religion”, running around as the anti-drug crusader. Give me break, and … let’s give Obama some time to try something different. At least he’s spending the money here, in the US and not in Iraq!

Uhmm what do you call $160 billion for the wars in both Iraq and afghanistan.

53. Speak Out1 | 03.04.09

I would have to say the greatest ever wealth destruction was already underway and started by the wealthy whose greed did what it always does, kills the goose that lays their golden eggs.

Wealth doesn’t make people intelligent, it does however make them think they are intelligent. There are of course some very intelligent wealthy people, but not much is known about them because they live like average people and put their good fortune to work helping people less fortunate than them instead of throwing themselves 24/7 parties, big bonuses, expensive cars etc. etc. etc. We might thank Mr. Obama for trying to stop the nose dise created by greed and turn things around to something of a more moderate and stable condition were there is a lot more to life than the lifestyles of the rich and famous. History and countless literature has shown and illustrated that the wealthy destroy themselves by their greed. That destruction did not start with Mr. Obama, hopefully it may end with his help and we may be thankful if it ends without the types of “reigns of terror” that inevitably come with too much division between the haves and the have nots mixed with cluelessness and indifference about whose backs wealth is often built on. No workers, not product, no product, no wealth. It’s also a two way street, but one can hardly feel bad for those that have to “get by” now on $500 thousand a year versus $1 million when you are talking masses of people who were getting by on 1/10 of $500 thousand and now have to get by on half of that if not less. When we loose touch with the all the connections that make the world tick and focus on ourselves, our world will tumble because we don’t live as islands, we live in a society and if the society has a major problem in the function of a main organ, the entire society suffers eventually.

54. Lucy2008 | 03.04.09

Re: Robin wrote:I’m a life long Dem from Berkeley. Democrats, wake up! You didn’t elect a Democrat, you elected a far left, neo Marxist. Just as the right was coopted by the Christian Coalition, a fringe leftist coalition of 60’s “revolutionaries” and their offspring and duped Democrats have created a Frankenstein. This has all been planned for decades, see work of former leftist and former violent revolutionary David Horowitz (The Shadow Party) who predicted this years ago. Berkeley is the breeding ground and the retirement home for much of the country’s leftists and let me tell you friends, many of these people are angry, emotionally unstable, and they hate white people (even the whites) and this country. WAKE UP!!”

Unbelievable craziness, but then again maybe she is one of the Berkeley nuts (and there are many). Any other place on our globe would call our new Administration “moderate”. That Ms. Robin calls him super left shows that she is in the far right camp. Look at our new President’s foreign policy and defense of our constitution and rule of law. These are moderate stances. That our new administration wants to support the availability of a universal health INSURANCE for basic core care for the poor, lower middle class and small businesses is a moderate stance. That they are creating an electronic database infrastructure for medical information helps reduce death and illness while making good medical care delivered less costly, better with fewer mistakes. That they are creating personalized healthcare to help people not get ill in the first place saves money and lives. Over 75% of our voting public want this. That they want to change tax law to help businesses afford healthcare insurance is a moderate stance. These policies will make our businesses more competitive globally while saving $100Bs in costs per year. This is moderate and Pro-business. This supports science and effective and less-costly medical care. That is helps most Americans is moderate and pro-democracy.

55. Ticked | 03.04.09

when traders stop selling the market will stop falling. it will go up when people start buying.

get it!

Christine- with all due respect. You have to have money to buy. Obama is making sure that doesn’t happen.

56. Just another disappointed voter | 03.04.09

51. Lucy2008 | 03.04.09

The people on this post who say that FDR’s New Deal did not bring our economy out of the depression do not know what they are talking about. My family lived through the Depression and saw the effects of the New Deal everyday. It put people back to work and gave people hope. The economy was on the upswing when the America joined the war. The war energized the economy further and put even more people back to work. But it happened before that. You can see the marks of the New Deal all around my town and state. Even Social Security and Medicaid. These brought hope back, removed a great deal of fear, and brought back self-respect. You people forget or never learned about this time. The people who went through it remember and remember in a big way.

Well if they lived through it then their memory is not what it use to be look it up http://en.wikipedia.org/wiki/New_deal
If it was so great and fix the economy then why id he need 2 “New Deals” From the article “Unemployment was still high in 1939, with the tide only turning in 1941.”

People should do their Research and post the facts before posting what their parents or grand parents tell then because even if they lived through it their point of view can be skewed. remember the media in those days was heavily in is favor and FDR’s fireside chats are what prompted the “Fairness doctrine in the first place”

Jim Kramer or Cramer (how ever you spell it) is a crackpot, but my take on this and what he is saying is that the economy runs on confidence. Consumers invest and spend when they have confidence and right now President Obama’s budget, Stimulus Plan and “from the hip” spending is more about his Liberal agenda and not going to instill confidence in consumers so they will not invest or go out and buy stuff.

If he was going to be the man to change “How Washington D.C. works” he would he would Veto the Omnibus bill and keep his campaign promises about earmarks and pork spending. We will see if he sign it then that means he is doing to keep people getting the earmarks happy so he can pass his agenda. Which means he is doing what is politically expedient for himself and his agenda. Where is the ‘Change” in that? He will be just another typical Politician!

57. Pete | 03.04.09

I come for the news, but stick around for the comments. The real genius and brilliance of our great modern culture is manifest most poignantly in these comments sections. Always entertaining, even if incredibly difficult to read for lack of grammatic ability.

However, the real question we should ask ourselves is - Are the opinions of people who rise to power due to a cult of their personality worth reporting on? It would be nice if the “news” outlets returned to reporting on something other than the grime of personal relationships between our celebrities (be they in Hollywood, Washintong or Wall Street).

58. BJ | 03.04.09

**** Morris: Obama Is ‘Enemy of Prosperity’.
Quote ““He is the enemy of prosperity. He, literally, favors redistribution of income as being more important – and more a function of the president – than the creation of wealth,” Morris says.

“It amounts to, literally, a war on the business community.”

Morris rips Obama for his massive spending bill, his $3.6 trillion budget, and the $1 trillion tax hike, and says Obama “is eviscerating the impact of his stimulus spending by his tax package. He, in effect, is going to people and saying: ‘Spend a lot of money now; invest a lot now, and don’t worry about it. In two years, I’m going to cut your head off.’”

Morris says the tax increases Obama proposes now are only a precursor to increases he plans later.

“The other shoe is going to drop,” Morris warns. “He [Obama] is going to suggest all income above $250,000 to the full payroll tax. So, if you’re self-employed, that’s a 13 percent tax on top of the 5 percent increase on top of the repeal of full deductions. It’s essentially throwing the prospect of prosperity under the bus in order to achieve his ideological agenda.” Unquote

Obama is going to destroy this country. You Liberals are blindingly stupid. I would go so far as to say Liberals are traitors to America and out constitution.

59. Practical | 03.04.09

Cramer is an idiot most of the time, but he is on the right track here. Every time Obama, or one of his minions speak about the economy, the Dow plunges. How can that be attributed to anything but Obama’s insane spending policies??? Obama will destroy this economy because he suffers from the same delusions of grandeur that Bush did. Just because you are president doesn’t mean you can’t be wrong.

60. ben tolleson | 03.04.09

Read “Jim Cramer, Asshole” at http://northdenvernews.com/content/view/1927/2/ to get real perspective on Cramer’s ranting

61. Fernando | 03.04.09

Ok, so now the new line is that is not Obama’s problem he inherited. Yes, true, but this is OBAMA”S fix. This is what Cramer is talking about.

62. stef41 | 03.04.09

cramer is entertainment and he, as well as rush finally think they have gone beyond entertainment and are our saviours…..

used to enjoy cramer, not any more…if he loves america (and he must stop saying cramerica until he demonstrates a positive attitude), then lets hear some positive solutions; 1) how to read a bank balance sheet, how to read a stock report, how to listen to a conference call….go back to the basics, become a teaching program; stop the negativity; he’s contributing to the fear, however, he doesnt think so……he’s part of the problem right now….we need solutions…….teaching moments…..until then….cnbc is nothing more than mouthpieces for Rush Limbaugh……such a shame isnt it?

63. Earl | 03.04.09

CNBC is a disgrace. They have no concept of fairness or presenting an even handed view of things. The rants of people like Larry Kudlow and Jim Cramer and Rick Santelli and Joe Kernan and the obvious bias being shown in the way interviews are conducted and guests are stacked to one side is obvious and fooling no one. They are afraid for the other side to be heard, afraid of a real debate. They are trying to destroy confidence and create failure and their motives are money and politics. CMBC is nothing but the Republican Pravda. It is why McCain had no argument against Obama’s fund raising because you have CNBC and Fox arrayed against Democrats with other networks like CNN showing real professionalism and trying to be fair.

These Republican stooges are going to have to eat a lot of crow if they are honest and there is a market rally. You would think an investor as experienced as Cramer would know that you can not link the ups and downs of the market directly to Obama as he has attempted to do. What will he say when the rally comes? Will he credit Obama? I doubt it. I for one am tired of these millionaires crying in their soup because the great country that gave them their opportunities is asking for a small tax increase from them that they can readily afford. This is a patriotic sacrifice to help fight a deficit that they created and a crisis that their policies created. I guess their idea of patriotism is when the sons and daughters of mostly poor families go and fight in Iraq FOR THEM!!! They had outsized tax cuts from their Republican friends for a quarter century wihtout regard for the deficit being created. It is time to give something back and they just hate it!
Republican ideas have failed over and over because they do not understand that we do not and have not lived in a laissez-faire capitlist society. We have a mixed economy and we are stronger because of it. Wisdom begins with labelling things correctly. Rush Limbaugh thinks we are living in an Adam Smith village in the middle ages where all the businesses are run by their owners and they have their own money at risk. Guess again! There was no systemic risk in Adam Smith’s day and no credit default swaps either.
This country was fine until one of our political parties decided to get its economic ideology from a movie actor and from somelike like Limbaugh who has no eduction and no real experience but he has a microphone in front of his mouth and for Republicans - that’s enough! I guess they would like Dr. Laura to do their surgery. Oh that’s right - she was not a real doctor after all.

64. Lin in Las Vegas | 03.04.09

Golly - Gee - Whiz. So many experts and “know-it-all’s”. In the meantime, our country is headed in a downward spiral and it doesn’t appear that anyone wants to work together. I love all of the comments that dis President Obama, yet I wonder where were these people in the last eight years? I truly can’t believe that their ideas, today, will move us forward - it hasn’t worked in the past. Several comments were reasoned and said “Give President Obama and his administration a chance to see what, if anything, can be done at this point. Shouting negative comments does not help. Please…. let’s start using our brains, not our loud - shouting mouths.

65. MW-Denver | 03.04.09

Below Comments of Earl. Dude you need to get a clue. You Dems are so narrow minded that you can’t see the big picture. FAIRNESS!! Give me a break, I am sorry that one network,(Fox, not CNBC), out of 3000 is more conservative. We more reasonable people have to put up with your liberal drivel at every channel and I don’t consider Fox that conservative.CNN Fair! What are you smoking?!

CNBC is a disgrace. They have no concept of fairness or presenting an even handed view of things. The rants of people like Larry Kudlow and Jim Cramer and Rick Santelli and Joe Kernan and the obvious bias being shown in the way interviews are conducted and guests are stacked to one side is obvious and fooling no one. They are afraid for the other side to be heard, afraid of a real debate. They are trying to destroy confidence and create failure and their motives are money and politics. CMBC is nothing but the Republican Pravda. It is why McCain had no argument against Obama’s fund raising because you have CNBC and Fox arrayed against Democrats with other networks like CNN showing real professionalism and trying to be fair

66. MW-Denver | 03.04.09

We were listening to you do the same thing for the last eight years. Lets not use our hypocrite mouths either. Golly Gee.

67. Joe | 03.04.09

Here is some Abe Lincoln advise for Mr. Obama;
`Tis better to be silent and be thought a fool, Than to speak and remove all doubt.

68. Brian | 03.04.09

All major media sucks. Unsubscribe, let them go broke or at least make them beg for their Bailout from SocialistBoy.

69. Rob II | 03.04.09

Pres. Obama remarks: “We can’t return to the failed policies of the last 8 years … that caused this crisis.” Surely we know history better than to buy that. Pres. Carter (D) initiated law/policy to “loosen lending”. Pres. Clinton (D) bought into the concept and pressed the issue … that’s what started the landslide that greed took over (for a 10 year period). Then it was Senator Dodd(D)and Reps Frank(D)and Waters(D)and the Dem Congress that held off the Bush Admin’s efforts to visit and fix the corrupting policies of Fannie & Freddie (while those “campaign contributions” continued to flow). We the people are up to our necks in debt; so how will “more lending” help? It might be cheaper to give every American family a “stimulus” check for $40K (1 yr avg income)and let us pay our mortgage, pay off debt, or buy something … probably make us all much happier, save jobs and might even help the mortgage banks. After all, it’s our money anyway and it would be nice to make the decision how to spend the money our children and grandchildren will be paying back. I also like term limitations for Congress!

PS: The best way to justify a tax increase is to go into deep debt so there is just “no alternative”. And, the best way to make me not care is to raise the bar on income (so I pay no taxes). Except, Economics 101: Business NEVER pays taxes, PEOPLE DO (even poor people) by paying the higher prices that the business gets (to pay increased taxes). Ask any business you deal with! But then, big Government will solve all our problems, surely … So why did the Government in Ireland move away from business taxes? Could it be that a price competitive business in the world market “creats jobs”?

70. whattheheck | 03.04.09

The argument that Obama has only been in office a few weeks and therefore blameless is totally without veracity. If in a matter of a few weeks you advance policies that consign the economy to 10 years of devastation as even the “non-partisan” (read Democratic) CBO has ominously pointed out, and launch total warfare on productivity, undermining every mechanism of economic progress and vibrancy in this nation, then I would say you have already been in office too long. Our country can’t afford the 6 weeks of social engineering we’ve already been handed by this administration, I can’t imagine what we will look like at 6 months, or 1 year. Four years is starting to look like it might be a bridge too far for this nation. I am amazed at this economic team populated by the half-wit illegitimate children of the perennially discredited John Maynard Keynes. I can’t help but recall what Churchill said about Keynes, “If you have two economists in a room, you will have 2 opinions; unless one is Lord Keynes, in which case you will have three. I for one am ecstatic about having my children’s and grandchildren’s futures squandered on the greatest fools errand in American History. The Supreme Leader and his ilk have certainly hated this country above all others. Now I guess they are trying to construct an America that is not difficult for rational people to hate as well.

71. Curt | 03.04.09

Stimulus???? What a joke, those politicians are pathetic. We are screwed. The lack of experience is quite clear. Geithner the tax cheat as Treasury Secretary, if it were not so sad it would be hilarious. The markets anticipated this. Last year, every time Obama won a primary the markets went down at least 100 or more points the next day. Then when it became apparent that he would win, the markets really tanked from September to November. The markets are an unbiased survey/judgement on what is to be expected on the direction of the economy and in this case from an Obama presidency. The last few weeks show what the markets think of his economic leadership. All of this started with the failures of Fannie and Freddie which were led by major Obama supporters. Bush was an obvious fool but much more dangerously Obama is an ignorant person posing as an intelligent one. I pray that I am wrong but none of it makes any sense. When I did my MBA 25 years ago we had computerized economic models that could predict where the economy (GDP) was going based on a variety of variables. Now I am sure that those models are much better given the current technology. You would think that tools like this would be used to pick the best strategies to move the economy ahead. No, the politicians being the scumbags that they will pander to the stupid. Buy gold and silver then buy guns!!

72. The Oracle who? | 03.04.09

No one is without blame in this mess. From the Wall Street fat cats that walked away with higher bonuses in 2008 than in 2007, all the way down to the idiots taking out mortgages on homes they could never afford. Now those of us that waited until we could afford a home or those that pay rent have to pay higher taxes to save those from losing their homes in foreclosure. The change this country needs is for every man woman and child to take personal responsibility for the situation they find themselves in. Only then will people start looking for viable solutions and not assessing blame.
The “stimulus” package is a stimulus of gov’t and social programs. They aren’t putting much money into public works or other proven areas of investment. Nor do most of their programs create jobs now. And then on top of it, you expect those paying the most taxes to pay more, which does not encourage investment or work. So in the end, you won’t see a recovery like everyone is hoping for. Just wait for the Commercial realestate to fold. More is sure to come. And that is why no one is buying the market. Well…that and the fact that Pelosi and Co. want to have income equality and limit the amount the wealthy can invest. How dumb does that sound?

73. MichelleC | 03.04.09

Well, it Jim Cramer knows what his is talking about when he talks about wealth destruction. He recommended when of his viewers (Peter) to hold onto Bear Stearns back in March 2008. I bet Peter is really angry. Here’s the video.

http://www.youtube.com/watch?v=gUkbdjetlY8

74. kws | 03.04.09

Nov 4, 2008: DOW: 9625, NASDAQ: 1780, S&P 500: 1005
Mar 4, 2009: DOW: 6875, NASDAQ: 1353, S&P 500: 712

Investors are voting with their money on the prospects of Obama’s economy. You have an ADD Administration. One week they will say that it’s absolutely necessary to go into debt spending about $800 billion on pork. The next week they will claim they’ll cut the deficit they “inherited” by half in 4 years (hint: they could have cut it by 25% by not spending the rest of TARP) even though they plan on increasing spending by about $1 trillion a year. The next week they support passing yet another $400+ billion package that’s loaded with more pork and ear-marks, even though they campaigned on eliminating ear-marks.

Hmmm….and people wonder why others who actually work and run businesses aren’t optimistic about this administration’s economic plans????? *** was in the kool-aid at the Obama rallies?

75. Michael H | 03.04.09

On the March 11, 2008, episode of Cramer’s show Mad Money, a viewer named Peter submitted the question “Should I be worried about Bear Stearns in terms of liquidity and get my money out of there?” Cramer responded “No, no, no! Bear Stearns is fine! Do not take your money out. If there’s one takeaway… Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear! That’s just being silly.”

In the next few days the stock dropped 92%.

Enough listening to these idiots.

76. MAD | 03.04.09

Wealth destruction? Oh ya…

No-doc loans, Unregulated derivatives market, a conflict of interest in the ratings agencies, and an illegal war in Iraq.

How did any of these issues get by the business media watch dogs?

They don’t mention the war on CNBC…EVER! It must have had a positive impact on the economy…taking 2.5 million barrels of your competitors oil off the market during a growth cycle. Something they must have learned from the war on drugs or the Sopranos.

If we get the courts involved and show we are a country of laws,
I will invest again.

77. MAD | 03.04.09

Wealth destruction? Oh ya…

No-doc loans, Unregulated derivatives market, a conflict of interest in the ratings agencies, and an illegal war in Iraq.

How did any of these issues get by the business media watch dogs?

They don’t mention the war on CNBC…EVER!

It must have had a positive impact on the economy…taking 2.5 million barrels of your competitors oil off the market during a growth cycle. American oil companies posted the greatest profits in the history of the world.

Something they must have learned from the war on drugs or the Sopranos.

If we get the courts involved and show we are a country of laws,
I will invest again.

78. Hope | 03.04.09

Everybody knows that in tough times, we should reduce spending. Why is the world so upsidedown? When will we stop whining to government and demanding that it give us something for nothing? This insane culture of greed, debt, and gross materialism cannot and will not go on forever. I pray that we may all wake up to a saner, more spiritual and moral way of life and learn once again of the grace of God. This is the only path to true peace and well-being individually, as well as collectively.

79. chris | 03.05.09

why does the invester class always have priority over those that work for a living?

80. RealityIsOverrated | 03.05.09

Let’s say you work on a hourly basis. There are cutbacks and overtime is taken off the table–of which you usually work 10 hours a week. The sane thing to combat the difference in your weekly pay would be to cut back what you spend or get a second job, start a business, etc, to replace the income, Correct? If you decided to not do either in the hopes that, this is temporary, how would you make up the difference? You could utilize credit cards to cover the shortfall or go to your employer and demand more money (neither of which has high probability for long term success).

If neither of these would make sensible courses of action in your personal life, why would they make sense on a broader, national scale. These actions would seem easier than the wise, long-term solution, but in the end will cost SO MUCH MORE. Just because Obama’s economic “plocies” don’t effect you today does not mean that they won’t affect you (no, all of us) tomorrow.

81. tired of mindless GOP rant | 03.05.09

So this is where Republicans gather these days - online? I guess it’s understandable. If I were a Republican I too would be ashamed to admit it in person in public. After all the GOP is responsible for the unprecedented mess we are in now, and as usual it can’t take accountability for its own stupidity. Hence, playing the victim card yet again: liberal bias, blah blah blah. Hence, pointing the finger at Obama, who continues to receive far greater support than Republicans from the electorate. Only idiots would blame someone who has held office for just over a month for the mess we’re in after 8 years of Republican incompetence and cronyism that bankrupted our country both economically and morally. Instead of crying like a bunch of spoiled babies about what you don’t like, try proposing something constructive that could be done to improve the economy. No fair reiterating failed policies that got us into this mess…

82. Leon Hammer | 03.05.09

The fairness issue is: Why should those who worked hard to better themselves, and contribute to society, and who exhibited spending restraint to save for a rainy day, have to give it all away to lazy bums. This disincentive to being productive is the cause of failure of all previous communist & socialist systems.

83. peter09990 | 03.05.09

If I would have only listened to Jim Cramer last year I would not have lost 50% of my 401k, I dont think he is that crazy like you all are putting him out to be. Just like the Obama fans to knock down anyone that dares critizise him, take yopur partisan view out and see reality he is attacking all the corporations that ultimately are the ones that create the jobs not the goverment.

84. Joe Gerant | 03.05.09

It takes a while but the takeover is easy as **** grease. And smells like it. Get control of young people’s minds by education, and get control of the banks. Read the Federalist Papers.

85. Mark Lynch | 03.05.09

It’s entertaining to see rabid, head-in-the-sand Obama supporters turn against their own when that person has an epiphany and finally sees Obama for what he really is. Don”t attack the ideas, attack the person instead! That way you don’t have to actually think, or intelligently defend your ideas. Like the FACT that Republicans tried TWICE to put a stop to the bad loan making that Chris Dodd & other Democrats forced upon the banks. BOTH times the Dem’s claimed there was nothing wrong. Now look at the mess. And all you Obama worshippers have nothing to say but to keep parroting the same meaningless garbage. As more & more liberals see what this guy is really doing to our country, the backlash will only grow stronger!

86. pg | 03.05.09

Jim Cramer is just trying to distract us from the fact that he ‘advised’ Americans to invest in the stock market as if the well would never run dry. Give it up Cramer, those days are over.

87. ExDem | 03.05.09

Cramer is a typical major media person - tries to have it both ways.

Supports the Democrat enthusiastically during the campaign, despite sensible people knowing that it is a mistake - especially to the economy.

Now he tries to regain credibility among sensible people who knew Obama would not be good for the economy. Maybe he’s watching his ratings and realizing that his viewers are investors, and don’t want to watch as the Obama Depression unfolds. Is he now sucking up to regain viewership?

88. Michael | 03.05.09

Kramer said on his show that he voted for Obama so please take that into account when you companre him to Rush Limbaugh. He said he would like to see Obama be the guy of HOPE that he voted for.

89. NotCramer | 03.05.09

More on Cramer’s competence and motives: http://exiledonline.com/jim-cramer-destroyed-cnbc-viewers-wealth-in-just-4-days/

Enough said.

90. recovering liberal | 03.05.09

Wise up, folks. Obama is what you get when you cross a community agitator with a diletante lawyer with a ho-hum professor. And with no executive experience, no governing experience, no management experience. Obama has never managed anything in his life. Stop complaining, folks. He has a nice smile.

91. Yoan Ante North Bergen NJ | 03.05.09

Wow! Everyone commenting really needs to take atleast one class in economics, or atleast buy an audiobook. You need to understand that atleast, and I repeat atleast 90% of all economist agree that the best thing the government can do for the economy is to STAY OUT OF IT. You might wonder where that number comes from but it is purely from empirical data, most university professors of economics would agree, and most economist in government and the private sector will agree that government should not interfere. John Maynard Keynes might be one of the more influential economists that might disagree however his positions CLEARLY stated in order for government to help the economy recover from a recession the government should increase spending and by a whole lot more than Obama is increasing spending but and this is a big BUT it should also drastically reduce taxes… WHICH INCLUDES ALL TAXES. What good is not seeing your taxes go up if Mr. Obama and his administration still decided to tax the heck out all industries including soft drink industry. Just because your taxes did not go up or you might even have gotten a small tax break… $13 bucks a month… Your real income is diminished because other goods and serviced have been inflated in price does reducing your overall buying capability. So please everyone get informed on the issues when it comes to economics and the way that capitalism works. ***Bonus we do not have a capitalist economy we have a mixed economy*** for those of you who might say that capitalism has been tried. + we are still the richest nation in the world when we consider per capita GDP and that is not changing any time soon unless the government decides it knows whats best for the market.

92. recovering liberal | 03.05.09

I have some Hope on a Rope Soap I’m selling for $2.50 if any of you Obots are interested.

93. john | 03.06.09

can it be done? is this comment too short? i’m being pulled away to another page telling me i am “posting too fast” or something like that.

94. Dan | 03.06.09

(Hilarious– must watch video at bottom of link below)
Jon Stewart exposes the lies, hypocrisy and ignorance of Jim Cramer, Rick Santelli, et al:

http://rawstory.com/news/2008/Stewart_ignites_populism_against_CNBC_0305.html

95. John | 03.06.09

If Bush was responsible for 9/11, then Obama is responsible for the continued downward spiral of the economy. More like precipitous plunge actually, every time he opens his chimp mouth.

96. carl | 03.07.09

every cent taxed is a cent that cannot be used to purchase stock which will help the market go up. get it Obama? !!!

97. Dale | 03.07.09

Obama and his ideas should be no surprise to anyone. How quick people were
to forgive Obama’s record as the most liberal senator. Why did so many,
including Cramer, think he would govern from the middle?

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