© AP
Posted on 03/04/2009 8:17:09 AM PST by dennisw
In case you’re unaware, the stock market isn’t doing so well. The Standard & Poor index is trading below 700 and the Dow Jones Industrial Average fell below 7,000, the lowest it’s gone since 1997. And Jim Cramer’s blaming "amateur" President Barack Obama.
"Until the Obama administration starts listening, until they start paying attention to what you’re watching — to the stock market, until they realize that their agenda is destroying the life savings of millions of Americans — then all I can give you is caution," said the "Mad Money" host on Monday’s broadcast.
Transcript:
I’m not asking for the Feds to give us a plunge protection team, to stop declines — as we always thought to be the case under Greenspan. I’m not saying, ‘Mr. President, stare at the Bloomberg quote machine and come to your senses.’ I just want some sign that Obama realizes the market is totally falling apart and his agenda has a big hand in that happening.
I thought the prices, the screen, the action, the sense of a vortex down that cannot be stopped, of equities becoming worthless, of savings becoming tattered, of a stock market without bottom.
But this time in slow motion, I felt the total lack of control that we all feel right now — the ‘it’s out of my hands,’ the ‘where’s the authority,’ the, ‘Hey, it’s amateur hour at our darkest moment.’ It’s the feeling of capitalism vanishing, businesses capsizing under their own weight — thanks to an administration that doesn’t seem to know or maybe doesn’t care.
This isn’t the first time the CNBC economist was red in the face over the market woes. In a past interview on MSNBC, Cramer compared Obama to Communist leader Vladimir Lenin.
Videos of Cramer at the link--->> http://www.wowowow.com/post/jim-cramer-barack-obama-mad-money-amateur-hour-our-darkest-moment-video-226443#comments
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You cannot believe how much fun I have putting videos like this onto my Facebook profile...its one of the few things that cause a smile to break out on my face! LOL
CNBC Obama/democrat supporter Cramer compares Obama to Lenin quoting Obama:“Now is NOT the time for profits”
Jim Cramer on Obama's Economic Abilities: 'It’s Amateur Hour at Our Darkest Moment' (Videos)
I’m howling when he calls 0bama a Lenin
Just for fun...What do you think would be the effect on the “Crisis” if tomorrow the SCOTUS declared Obama’s presidency illegal? Markets, consumer confidence, national pride and unity...???? Purely vanity on my part.
While he’s right in this case, I find watching Cramer almost as grating on the nerves as watching the Obamster.
Cramer supported BO? I never watch him so don’t know.
Sounds like another one hits the dust. Liberals have a way of squeeling really loudly when their wallets are hit.
Just heard on FOX that a poll says 67% are more hopeful because BO is POTUS (hard to believe!) but 90 + something % are unhappy with the current status. So all these idiots think the oh so experienced BO is going to save us with his wealth redistribution mentality? HA.
Now the rat talking head is on saying this is all Bush’s fault.
Cramer supported BO? I never watch him so don’t know.
Sounds like another one hits the dust. Liberals have a way of squeeling really loudly when their wallets are hit.
Just heard on FOX that a poll says 67% are more hopeful because BO is POTUS (hard to believe!) but 90 + something % are unhappy with the current status. So all these idiots think the oh so experienced BO is going to save us with his wealth redistribution mentality? HA.
Now the rat talking head is on saying this is all Bush’s fault.
Amateur hour is putting it mildly if you ask me. The blind is leading the blind. And the cliff is just a few steps away. Obambi is a hopeless clueless irresponsible untrustworthy moron.
Obama is not an amateur. He knows what he is doing to the economy, this is no accident.
Right now, Obama is announcing new rules for defense contracts, which he claims will cut costs. What his rules will really do is increase union control of the contracts and probably add affirmative action to those rules, as well.
Cramer. Buckley. David Brooks.
They are all “shocked” to discover that Obama is a know-nothing socialist with ZERO experience at running anything.
We tried to tell them.
I would be more impressed if there was some sign Cramer had thought just a BIT about this PRIOR to the election.
Massive, nationwide restoration of confidence and a collective sigh of relief, followed by much thankful prayers and kissing of the ground.
Given his prescience on Bear-Stearns, I’d say anything involving Jim Cramer is “Amateur Hour”.
Both political parties are corrupt to the bone. They all follow the agenda of secret societies ie CFR, Satanic Owl Worshipers, Bilderbergers, et al . . . .
Fed Says Economy Started to Deteriorate as 2009 Began; Outlook is Poor !
Read it and weep for America.
Should I put you on my G&D ping list?
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