Jim Cramer accuses Obama of creating 'tremendous fear' and 'panic'
After explaining all of the terrible things that would happen if the U.S. debt ceiling was not raised, CNBC's Jim Cramer said Sunday that all the "fear" and "panic" had actually been caused by President Barack Obama.
"Now we're talking about a recession," Cramer told NBC's David Gregory. "We will be in recession if this is not resolved. Recession means many fewer jobs, means far fewer tax receipts, trillion dollars lost -- IRA, 401K -- trillion dollars lost in job creation. I'm hearing about little amounts being saved here versus what will be lost in the next six months if this is not resolved."
"I'm tired of hearing all the media talking about how this is a crisis," Rep. Raul Labrador (R-ID) replied. "We will solve this problem."
"I want to talk about what the congressman said about the media exasperated or even caused the problem," Cramer complained. "We were all hopeful in Wall Street and in Main Street that the president would come out and say a few things that said compromise."
"He came out and panicked the heck out us. He talked about the higher interest rates for mortgages. He talked about the spiking credit card. He talked about how hard it's going to be to get student loans. He took us all aback because we felt he would be a compromise leader. Instead, he created tremendous fear. Tremendous fear means uncertainty. Uncertainty means no spending. Uncertainty means no spending by business. Uncertainty means to hiring. It was a setback. He caused the panic, not the media."
...and republicans staged manage this fake ass crisis but Obama is the economic fear-monger.
The regular parade of racist White hypocrisy regarding this President is a historic mother fucking disgrace.
comments a little over the top......but in this case I agree completely. The racism spewing from the Reich-wing and enabled by the MSM is reprehensible.
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
I enjoy reading them too.
Beer-i.e., God's Sweet Nectar- is a magic drink that makes you smarter, stronger, and more sexy.
-S. Colbert
.
crammer is just shit in a suit......he's a liar.
With all due disrespect........Cramer can go piss up a rope.
Why is this asshole given ANY credibility?
What the FUCK does it take to get discredited by the corporatist media??
I hate this country, seriously.
Just 'Cos You Got the Power...THAT DON'T MEAN YOU GOT THE RIGHT!
Zero cred, albeit an audience.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Seconded. Jon Stewart put this motherfucker *down*, and I really had hoped that he wouldn't get back up. He's a symbol of everything that's wrong in the 24 hours "business news" cycle.
A-fucking-men!
If a drone kills a child in Kandahar, do the crying parents make a sound?
Two words on Cramer.
Bear Stearns.
"Anyone that makes less than $150K in this country, has no business voting Republican."
And when will NBC start referring to Andrea Mitchell as Mrs. Alan Greenspan?
That title was unofficially taken by Ayn Rand. She used to bone him back when he was pretending to be an objectivist ...
Greenspan was the one who said, "Oh yeah, I failed to factor in fraud when I was the head of the Federal Reserve Bank and I was suppose to predict how the markets would work." Duh! No one who works in finance ever cheats! Brilliant man. Andrea never talks about that either.
Cramer's uppers?!!?? How can people get away with telling lies like this without being held accountable?
I'm not saying I agree with everything Obama has done during these past few weeks; but, there are at least 20 other high-ranking gov't officials who've had their ugly faces plastered on the TV screens who are equally responsible for perpetuating this mess....and most of them are Repukes!
"Egotism is the anesthetic that dulls the pain of Stupidity" - Frank Leahy
Cramer is just a typical coked-up, Wall St. Alpha male.
I wonder how many underage hookers he's choked to death over the years in a rage over his cocaine-induced impotence.
Just 'Cos You Got the Power...THAT DON'T MEAN YOU GOT THE RIGHT!
he does what the Alphas tell him to do. He's a puling Omega dog.
me-oww!
You're the genius that thought Bear Stearns was such a great deal. Did you invest in Enron too? I hope you lost your sorry ass bigtime taking your own wretched advice.
Now go away, you are just another loudmouth bore and corporate lackey who has nothing of value to offer.
"We will find fulfillment not in the goods that we have, but in the good we can do for each other."
Robert F. Kennedy
Hell no, this asshole and his cohorts at CNBC were selling everything short. They made million and million. They were laughing all the way to the bank.. so to speak (because they would never put their money in a bank).
Here is what this dork said in 2008 about Bear Stearns:
http://www.youtube.com/watch?v=gUkbdjetlY8
So either he is a willing tool and front man for frauds, a corporate lackey with no sense, or an overpaid blowhard paid to catapult his master's propaganda.
I vote for all of the above.
And I hope he did take his own advice, probably not, but one can hope.
"We will find fulfillment not in the goods that we have, but in the good we can do for each other."
Robert F. Kennedy
Uncertainty is a red herring. It's an entirely meaningless claim to obfuscate the real problem with the economy, unemployment leading to a lack of consumer demand.
And FU Jim Cramer. I'm amazed you're still able to show your face in public after the way Jon Stewart owned you (oops, sorry, that wasn't your face - understandable mistake - but Stewart pwned that too). You're a liar and a thief, and you taught others that they should break the law, because, you know, everybody does it and you just have to.
Corruption favors the wealthy.
Ah, the dreaded U-word again: "Uncertainty".
For as much as Republicans love to blame "Uncertainty" for why their policies have yet to work so far, they sure seem great at creating more of it.
* There are two types of Republicans: millionaires and suckers.
"Mugsy's Rap Sheet": Recording history for those who seek to rewrite it.
Never been right about anything, has he.
Why is this idiot even allowed near the press?
cocaine is still as popular as ever in Wallstreet.
CTHULHU 2012 "Why vote for a lesser evil?"
is a hell of a drug.
and wants its coke back. doubleplusloser
me-oww!
Cramer is the ass wipe who was telling everybody to buy Bear Sterns days before it went belly up. He was probably selling it short at the same time he was telling people to buy it. How is he relevant? NBC should be ashamed of themselves for having him on.
Does being a public figure who encourages the sale of certain financial products preclude Cramer from trading in those same products, or do the fine-print disclaimers in the credits protect him from any artificial manipulation of prices that his show causes?
Cramer is part of the same cabal who thought it would be ok for Lyman to go under. The Lyman failure was the last piece of the puzzle to fall into place that drove the economy over the cliff.
.
me-oww!
Yeah, LOL Jees
So is Cramer, the pathetic screamer, saying that Obama has scared Wall Street players and professional economists all over the world into panic over a totally non-existent crisis?
Will those knowledgeable people he's insulted still invite him to their parties?
everyone on cnbc is an idiot and in the absence of the mute button, the channel serves no purpose. Hard to believe nbc evening news brings those useless quacks on to discuss finance. The stock market in general has ignored this whole fiasco, never traded below 200 day average because it knew the outcome. There is real fear in the general population because there are members of congress who are borderline insane and dangerous and have no sense of accountability, compassion or decency. We're still only 11 years removed from the stock market crash (nasdaq) and amazingly were spared a repeat of 1929. Deficit spending may be the reason we were spared that same outcome. Now the Republicans want to kill it just as business has recovered and companies start to increase the tax base by hiring again. And they do all this for the sole purpose of beating Obama in the next election.
This whole thing is an amazing crock of shit and shows that the Republican party, in addition to being corporate tools, as a whole also have a cancerous contempt for Obama. It's hard for me to criticize the man, he's Jack Johnson and Jackie Robinson times a million.
Obama is working in concert with his friends across the aisle to destroy the New Deal and Great Society programs. 0 is the one who put SS and Medicare on the chopping block. If this is not an act of domestic terrorism against the American public, then I don't know what is. 0 is not the only one, of course, there is plenty of blame to go around, but he is certainly not free of blame. At best, he is more concerned with his political survival than with doing what is best interest for his country. At worst, he is complicit in planning and implementing the first step in the elimination of SS and Medicare.
His willingness to negotiate with Republican terrorists has indeed made me very afraid not only for my own personal well being, but for that of my country, a country that I barely recognize any more. And don't give me this crap that this is the best deal he could get. He and his political advisers knew or should have known back when there was a Democratic majority in both houses that this sh*t train was coming or if they didn't know it, then they are completely incompetent and unfit to govern. This sh*t did not happen by accident; it HAD to be planned. If he had any mettle at all, he would invoke the 14th amendment and suffer the consequences. Btw, where's insipid been lately?
He was a wise man who invented beer.
---Plato
the 14th amendment
Obama is far too willing to screw us all over this.
There should be NO riders attached to the debt ceiling, just a yes or no vote. Evidently we don't negotiate with terrorists, unless they come from the GOP. Then we jsut surrender.
"Civilized men are more discourteous than savages because they know they can be impolite without having their skulls split, as a general thing." -- Robert E. Howard
The T-publicans saw you coming nofanobama. They are counting on you!
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
I was a Democrat until the Democrats turned into Republicans. Now I'm a socialist, the name for those who stand for the principles formerly embraced by the Democratic party. Nothing will change so long as Democratic politicians know that the only response by their liberal base to their abuse will be the impotent rantings and ravings on political blogs, followed by a vote for them at the voting booth as the lesser of two evils. I for one have had enough and plan to write in Bernie Sanders in 2012. No, he doesn't stand a chance in Hades of winning, but my conscience will be clear as we witness 0bama or whoever continue to dismantle our safety net and enrich the oligarchs. Your error comes from believing that change is still possible from within the system; I don't believe that it is.
He was a wise man who invented beer.
---Plato
They should have tied the tax cuts renewed last December to the debt ceiling or enacted spending cuts, at the time to pay for the tax cuts. But the public would not have stood for cutting Social Security as the price for extending tax cuts, especially tax cuts for the rich.
http://voices.washingtonpost.com/ezra-klein/2...
So, they didn't tie the cuts to the debt ceiling. And they knew, from the health care debates and the stimulus package and so forth, what they would be dealing with once the Republicans took control of the House.
There was enough in view last December for me to conclude that what we've been witnessing is a charade, a farce being played by the two wings of the corporate party to enact a deal worked out last December. I don't think that any of this debate was genuine.
There was enough in view last December for me to conclude that what we've been witnessing is a charade, a farce being played by the two wings of the corporate party to enact a deal worked out last December. I don't think that any of this debate was genuine.
Agreed. And all of it enacted in order to provide cover for 0bama's unpopular cuts and his betrayal of principles fundamental to the Democratic party. How many betrayals of Democratic principles will it take for people on this site to realize that 0bama is not being "sucker punched" by the Republican party, but is acting in concert with them?
He was a wise man who invented beer.
---Plato
more shock doctrine theater.
more secure than gold
Democracy is too important to be entrusted to politicians.
Rise Up!
Protest!
Obama just talked and man does he look tired. Just saying.
I'll bet he can sign my court card...
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
If you listen to assholes like Jim Cramer, what you smell is even worse than what you hear.
made "Iron Man" 4 stars instead of 5 for me.
Bill Orally made "Iron Man 2" one star...
Before enlightenment - chop wood, carry water. After enlightenment - chop wood, carry water.
Cramer may be one of the wealthiest people in America, but he is also a little prick. He made his money for nothing. He is a useless rich guy.
"Government by organized money is just as dangerous as Government by organized mob"
-= Franklin Delano Roosevelt =-
But beyond that, he is utterly bankrupt.
"We will find fulfillment not in the goods that we have, but in the good we can do for each other."
Robert F. Kennedy
The sight of Jim Cramer's lips moving causes tremendous fear and panic in me. How can ANYONE take this toad seriously?
Listen Now
"Thunder rolling down out of dried-up skies
Every inch of earth crying out for water
Television man spelling out the price
Everywhere the sheep creeping the slaughter
Cold weather coming, people feel the fire
Living on Dead End Street with no desire
Is it any wonder you've got no power
When you pay a thief to keep it for you?
Is it a surprise that your wine is sour
When you let a liar choose the brew he pours you?
Talk on the wire about force and choice
It's uncomfortable to raise your voice
Everybody whispering behind their hand
Selling their despair to any stronger man
Don't have to listen now
We taught ourselves to trust our heads
It's getting us nowhere
If fifty-five million hearts can't feel it
We'll never know where
Polish up your silver and hide your gold
Send the lookout man down to every corner
Gather in the place where it's bought and sold
Next to where you once used to be a learner
Cold weather coming, people feel the fire
Living on Dead End Street with no desire
You gotta listen now"
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Sorry, the whole silver/gold thing is as old as the hills and it's been a conservative bugaboo for more than 3 centuries.
BUT, today we have massive mining corporations and banks and governments, that can mine/horde and then flood the market and play very funny games with the prices of precious metals.
Psychologically people the world over still see precious metals as how they are treated, wealth in a very compact form.
Cramer, don't you have some "fail" to spread around? If your political advice is the same as your financial, I think I'm better off watching Animal Planet for my punditry.
lil jimmy.....that is too funny...obama has been the fear monger and created this debt ceiling fear thingy....yeah right...just goes to show how right jon stewart was when he trashed cramer for being wrong most of the time....and why is this guy on a sun morning show???...his credentials are what???....DUH.......
Buy this magazine or we'll shoot this dog.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
You have Zero credibility. Especially after getting neutered by Stewart.
NOBODY 2012
http://www.thedailyshow.com/watch/thu-march-12-2009/jim-cramer-extended-interview-pt--1
There's a link to part ii on this page.
...and yet he 's still on cable every weekday advising hard working Americans to the quickest rout to the Goddamn poor house.
I'm joining the chorus here...
FUCK YOU CRAMER!
SOB belongs in JAIL.
"Civilized men are more discourteous than savages because they know they can be impolite without having their skulls split, as a general thing." -- Robert E. Howard
In this country the more wrong you are about everything, the more SERIOUS you are. If you're right you're UNSERIOUS.
Sad and true commentary about our country.
NOBODY 2012
Cramer is a criminal, and should be in jail. That anyone who still has money to invest pays any attention to this ass-clown is amazing!
If you cannot pull out a one hundred dollar bill and burn it, you should not be investing the first place.
but how does this ass still have a job. When Jon Stewart unmasked Tucker Carlson on Crossline, CNN had the self respect to fire his ass and issue an apology...
The paraphrased transcript is missing the most WTF moment of Cramer's comment when he says this is a government created recession and that businesses want to spend money:
Now that I read it again he is talking about a government caused recession is if a debt deal doesn't happen but still he is wrong in saying businesses want to spend money. Has he not seen the economic reports about the lack of demand, little job growth, and little lending going on now for months?
Also Tom Brokaw's comment before Cramer's pissed me off too:
Democrats pushed house ownership for people who didn't deserve them? Democrats are going to have to step up on social entitlements? WTF, Tom. You only get Rush Limbaugh at your cabin in Montana??
UGH! Fricken oligarchy
...he uses big words like 'particularly' and 'delicatessen.' -- Jack
I would think that CNBC would be embarrssed to give this shit-for-brains any kind of forum. This bigoted asshole is just sous much additional theater for this entirely made up tempest in a tea post.
is a yowling idiot and shill. His predictions are shit and reflect what is between his ears. Why is this fucknuts on television or in the media? Oh yeah, the shill part.
Peter Everts
Why isn't this asshole in jail?
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