Posted on 10/05/2008 9:47:58 PM PDT by FocusNexus
What will New York look like a year from now? The answer: bad and probably worse, and perhaps downright catastrophic. Three degrees of awful. ... And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I'll go a step further: Obama is a recession. McCain is a depression.
For all his talk of being a maverick, McCain looks an awful lot like President Bush on the credit crisis: He doesn't seem to understand Wall Street or Main Street, he is dogmatically anti-regulation, and his economic team is a joke.
Obama is no messiah, of course, but there's a reason the Street sees him as a more capable manager of the credit crisis. He seems to understand the complexity of the problem, and while he's nobody's populist, he's at least perceived as less tone-deaf to everyday Americans' problems than his opponent. Obama also has a better team, in the likes of Larry Summers, the renowned economist and former Harvard president who probably knows more about this crisis than anyone, and Warren Buffett, the smartest man in business, period. And Obama is a globalist, in an age where the world's economies are increasingly interdependent.
(Excerpt) Read more at nymag.com ...
This is the same buffoon who was saying we should buy AIG(I think)
Cramer is RIGHT ABOUT THIS! Well, at least, as right about this subject as he was about Bear Stearns, and Wachovia, and Lehman, and ...
I didn’t know Cramer was one of those “any president will be an improvement over the current one” folks. I suppose he thinks Bush was the worst president ever, as well? I hate to say it, but that’s just historically ignorant.
Either this bozo or the growing believers on Wall Street are doing some heavy drugs.
He probably be apologizing for saying this crap before too long.
One should listen very carefully to what Cramer says, and then do the opposite.
I’ve seldom seen bull —— piled as high as Cramer does it in this offering.
Obama is the wet dream of every 1960s radical. And evidently they are his. If you didn’t know more than this, you should be able to figure out which guy is better McCain vs Obama.
Cramer, good heavens... way to out yourself.
On what evidence? Obama has no executib=ve experience. Does wall street think that George Soro's advice will bail out Wall Street.
Obama may actually goe easy on Wall street. McCain will NOT and has promised as much.
Correct me if I’m wrong, but doesn’t our economy (when the Government allows it without over-regulation and taxation) a business to succeed? So, conversely, shouldn’t we allow them to fail?
He did, and Wachovia because “his boy” bob Steele went on his show and lied to him, he has been in the tank for the Obamao the entire time.
Notice he glosses over the Cap Gains tax hike Obama thinks is “basic fairness”?
On what evidence? Obama has no executib=ve experience. Does wall street think that George Soro's advice will bail out Wall Street.
Obama may actually goe easy on Wall street. McCain will NOT and has promised as much.
This is what this is about. Wall street would rather have a pliable Obama than a thunder nuts maverick like McCain on their case.
James J. Cramer is co-founder of TheStreet.com. He often buys and sells securities that are the subject of his columns and articles, both before and after they are published, and the positions he takes may change at any time.
LOL! Duh?
I know for sure he recommended Bear Stearns, and I believe AIG was on his approved list as well.
Cramer can be safely ignored. Actually, I take that back; do the exact opposite of what Cramer says and you’ll be well off.
“...the positions he takes may change at any time.
LOL! Duh?”
As they say, “follow the money” and “money talks”.
Cramer is a piece of garbage who gets his paychecks from NBC. Wall Street likes Obama because they love corruptable presidents who will let them do whatever they want. They’ve read his Tony Rezko history and are salivating at getting someone that easily greased in the whitehouse so they can start up the next great ponzi scheme to fleece worldwide investors with.
Right on Jim! Obama wants to raise taxes when the economy is in trouble. The man is a genius.
/sarc
Why don't you just admit the truth Booyah Boy? Hedgies like yourself prefer RATS because you share a common tendency toward amorality.
I think that Wall Street knows Obama couldn’t understand a capitalist idea if it bit him on the butt. What they are banking on is Obama can be controlled and manipulated rather easily. Esp through the Chicago Machine. That is a organiztion business knows how to deal with (smokey rooms, under the table payoffs, wink-wink, nudge-nudge).
Yea, that's the kind of guy I want offering financial advice, lying on the floor with his blanket. I'm surprised he wasn't sucking his thumb.
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